Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-08-28


duties Of payInAster assistant payInAsier IN aee9r'
dance with This section (but not otherrisel shall he
entitled to receive the pay Of such grade whist 60
sse, 5. And lie It farther enacted, That each As
sist ut ynastsT shall upon his appointment, enter
into bonds IN the amount Of ten thousand dollars
with NJ least two gool and sufficient securities for
the faithful performance % his duties aud that as
sistant paymAstsTs shall have rank and persistence
with assistant geou- not passed. and that ali a'
paintInents to MI vacancies in the corps Of payuas-
ter shall be made by regular promotion from the
lit Of assistant payuiasters-
months aftcr the cSpiTi Of the present insuTTec-
ton the eoFrs % paymasters and assistant IyHlas
ters -hall be reduced to the number Of leyentyhYe
in the whole.
Approved, July Il, 1851.
fPuEIc--No. 81
An ACT to autborIIe a National Loan and for
other purposes.
Es it enacted by the Senate and House q Repre-
tnta i've Il the United Stafc5 Of America in Con
sres- assembled, That the secretary q the Treasury
lie and be i hereby authorized 70 borrow, on tie
credit Of the United States within twelve mouths
frum she pis-age % ills act sum not exceeding
two hundIed and ifty billions % dollars, much
thereof as he may deem neeesiTy for the public
vice for which he is authorized to issue coupon
hands or reisterei onds or Treasury notes in such
proportions % each lac may deem advisable; the
bdndsto bear interest not exceeding seven per cent
per annum, payable sefui-ailnually, rreieenable for
twenty YEAR,, aud after that period rtdeena1le mt
the pleasure Of she Unte'l Siates and ihc Treasury
nutes TO be 81 any denomination fixed by the Stcre-
tary 70 the TTeasury 10: less than fifty dollars, and
b payable three years nfter date, with interest
at teIate Eacves and three teuths ptr centun per
annuni. pHpable Fe;ni-annunliy. And the Secretary
of the Treasury may alsO issue In exchange for coin
and a. part Of the above loan, may pay tor salaries
other dues from the United states, Treasury notes
VI less denomination tlan my dollars, not bearing
| interest hut payable on demand by the Assistant
1TesnreTs Of ihe United states at PhisaJelPhia New
York Boston, Treasury notes bearing interest
at the rate Of Three AMI sixty'hye huiidredIhs per
centum- payable in one ear nom dale Hh eNehthE-
abe at any time for Treasury notes Tor nifty dollars
aud upNnfds. isHHable under the authority ot this
act, and bearing interest specified above: fFpvt-
ded. That no exchange OF such notes in any less
smouut-than hundred dollars shall be male AZ
any time; And provided furli1er, That no
than ten dollars. ami that the whole amount Of
Treasury not beaing interest issued under the
authority OF this act, slall not exceed nfty millions
sec. : And he 1t further enacted, That the TreA-
-ury and bonds Issued under the provisions d
this act shall be signed by the frst second Comp
tr0ilcT, the segisterof the Treasury and counter
sinesi 10y sncl other officer officers Of the TTes-
my a. tlc Secretary Of tile Treasury may desguae;
and Nil such obligations. Of tIe denomination OF nifty
doliurs and upwards, shall be Issued under the seal
q the Treasury Department. The Registered BONDS
shall lie transferable on the books Of the Treasury
delivery Of the certificate. and the coupon bonds
and Treasury notes sha be transferable on delivery
This interest coupons nny be signed by such person
retaonS or exc. uted IN such manner rs may be
designated by the Secretary Of tine Treasury, Who
shall fix the compensation for the same.
Sec. 3. Aud bc it further eHactei That the Score.
tary Of the Treasury shall cause books to be opened
for subscription to the Treasury notes for ify dol
lars and upwards, at such places as Ia may designate
IN the United States, and under such rnes and rel-
lations as he may prescribe to be Superiniendcd by
tic treasurers u tile United states Mt theiT
respective localities and nj other places by such de
p0sitoFies, pu-i masters and other persons lie may
Designate notice thereof being given Ia Mt least two
daily papers Of this city, aud In one or more public
newspapers Published in the several places where
subscription books may bgppened; and subscriptions
Tor such notes may he received from all persons who
may uesiTe to subscribe any law to the'intrary not
scrbe in the HgTt gate than Is reluiTch at QUE time
the Secretary II tho Treasury Is authorized To re-
ceivc the same should lac deem II Rdvnnta genus TO
the public interest; and 81 not lac shall accept the
amount required by giving tile preference to the
smaller subscriptions; anil the Secretary Of the
Trestsury Enll Tx tue cnnpeESatinns 9i Tue pubhc
officers or otherE designated for receiving said sub
scrplnns: ProVidei, Tirat, for pcTiormtne this or
any other duty IN eouneXion with this Hct coln-
pei-itian for services rendered shall be allowed
paid any public officer whose salary Is established
by Law; RRd te secretary Ot the Treasury may also
deem e1pedient touching the iustalnent 70 he paid
on any subscription at the time Of subscribing, and
further payments by instalmthis or otherwise and
penalties for non-payment OF any iu'talment, anu
also concerning tho receipt, deposit, and safe keep
ing ul money received from such subscriptions until
tic SAME bc placed in the possession ot official
repositories OF the Treasury any law ur laws to the
! contrary Notwithstanding. And the Secretary OF
4 the Treasury j. also authorized, u he shall deem It
eNpelicnt, before opening books ui subscription rs
/ sb1vc provided, 10 exchange for coin or pay for
public dues or for Treasury notes Of the issue Of
ItWguty-llifu DECEMBER, eighteen hunuTtti Auu
f,tiy seven, and falling due the thirich Of June,
| eighteen hundred and siNtyUnc. or for Treasury
NOTES Issued aud taken in exchange for such notes
any amount of said Treasury notes for hfty dollars
ct upwards not exceeding one hundred millions OF
| see l. Anil be Il further enacted, That, before
awarding any portion Of the loan in bonds author
izcl ty this act tho Secretary Of the Treasury, IL hu
deem Il ady sable TO ssue proposals Cor the same in
the Quilted States, shall give not iess than hneen
days public n0tiec in two more OF the public
newspapers in the city nf Washington, and Ia such
other places Of the United States he may 'lcenI
advisable, designating the amount Of such loan tho
place and the time mp to which sealed proposals vii
he received for the same, the periods Tor the payment
and the amount OF each instalment in which II Is
t. be paid and tho penalty for the nOu-Vaygneui Of
any such instruments, andWhen Hnd where such pro
posals aha BE- opened in the presence OF such per-
suus as he may chnUse Ia attend; aud the Secretary
OF the Treasury Is authorized to accept the most IA
vorablc proposals offered by responsible bidders
Provided That offer shall be accepted At less than
Sec. s. And be it further enacted, That the Score.
taTy Of the Treasury may II he deem II advisable,
negotiate any portion Of said loaI not exceeding
one hundred millions Of dollars in any foreign
try and payable at any designated place, either in
the u,lited states or In EUROPE and may issue regs-
tered coupon bonds for the amount thus urGutia-
tel agrecahty TO tie provisions Of this act, bearing
Interest PAYABLE seuiannua w. either In the United
States any designated place In Enrore; md he
is further authorized TO appont such agent agents
Rs lie may deem necessary Ter Negotiating such lean
under his Instructions and for paying the interest
on the same, and to fix the compensation Of such
agent or agents and shall prescribe to them all the
rules regulations, and modes under which such loan
sail he negotiated and shall have power 10 FIX the
mite of exchange at which the principal shall be
fctivr from the contractors for the iOn, and the
change for tho payment Of tire principal and inter
ct in Europe sfAi be at the Sanip ratc.
Sec. q, And he il further enacted. That whenever
ans Treasury notes, OF denomination less than hfty
deilArs authorized be issued by tiis act shall have
been redeemed the Secretary OF the Treasury may
reissue the sane. Ur may cancel them and issue new
/ notes To an equal amount: Provided. That the as.
gregAte amount of bonds and Treasury notes issued
under the foregoing provisions Of this act Ha never
eSreed the fall amount authorized by tho frst Sc
tion Of this act; and the power TO issue reissue
such not shall cease and determine aferthe thirty
first Of December, eighteen hundred and siNty-tWO
Sec Z. And be Il further enacted, That the Seere
tary Of the Treasury Il hereby authorized. WheneveI
he shall deem II expeient 20 Issue in exchange ~
coin, in payment for public dues Treasury notes
I Of any u the determinations herrinbeioFe specified
bearing interest not exceeding six per centum gel
znuum, aud payable AZ any time not exceeding
twelve months from date provided that tho arnUuui
Of notes 20 issued or paid Ahaii at time exceed
f twenty millions Of dnllaFs.
u - - - 49,