Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-09-27

1
with assistant geons not passed. and that all n'
pointmeuts 70 vacancies In the corps Of payIlas-
iers sllalI he made by regular promotion from the
~ q And Iie ii further enacted That within six
months after the expiration Of the present insuTree-
tion the corps Of payInasters and ASSISTANT paynas
ters shall be reduced TO the number Of seVentyhT
& lipp Juiy IL. ism.
tPuruc-No. 81
| AN ACT to authorize National Loan and for
other purposes.
lie II enacted by the senate and House uf Repre-
rcntatiyes Of tile United Siatea 81 America IN Con
srrs assembled That the Secretary Of the Treasury
tie and he hereby authorized to borrow, ON the
credit Of the unite, States, within twelve months
from the passage Of this act, sum not exceeding
two hundred and nifty millions Of dollars or so much
thereof he Ihy deem necessary for the public ser
/ Vice for which be Il authorized TO issue coupon
bonds or registered bonds, Treasury notes i such
proportions Of each he may deem adVisable; the
bonds to bear interest not exeeenE seven per cent
per annum, payable semi.annually, Unreasonable Tor
twenty years. and afler that period redeemAble Mt
the pleasure 81 the United States; and tile Treasury
notes To be nf any denomination fixed by the Secre-
taTy Of the Treasury not less than my dollars and
10 he payable three years ater date, with Interest
the rate Ofseven and thTee-enths per eenthm per
nuhuE. payable seini.annlnlly. Aud tue Secretary
a. the Treasury may ALEC issue in exchange for coin,
and as part o. the Above loan may nay tor salaries
or other dues from the United States TTeaury notes
Of Ig denomination than my ,IollaTE not bearing
interest, hut payable on demand 10y the Assistant
treasurer. Of tlu United States At Philadelphia New
York Boston, Treasury nOtea tEuartnB interest
the rate Of three and ElGty.liIB hundrefitls per
eeutuui, payable In one year fIUn date and eH9hhn-
abe at any time for Treasury notes Tor nifty dollars
and upwards, lsstiable under the authority Of this
act, mud bearing interest specified above: Hruvi-
amount than hundred dollars shall lie made At
any time: And provided further, That no
Treasury mites shall lie Issued Of less denomination
than ten dollars, and that the whole amount Of
Treasury notes not bearing interest issued under the
authority Of ti- act shall not exceed nifty millions
OF dollars
sury notes and bonds Issued under the provisions Of
this art shall be Hgne 10y the First or Second Comp
trOlleT the Register Of the Treasury, and counter
signed by ouch other otIlcer Officers Of the Treas
nry tile Secretary Of the Treasury may designate;
aud oil such obligations Of the denomination Of nity
dollars and upwards, shal be Issued under the seal
OF the Treasury Department. The Registered bonds
slHiI 10 transeTabie on the books Of the Treasury
on delivery Of the certificate and the coupon bonds
aud Treasury notes shall be transferable delivery
The interest coupons may be signed by such person
or persons, or exc utCd In sueli manner, may be
designated by the Secretary Of the Treasury, who
shall TX the Compensation for the same.
Sec 3. And be II further enacted, That the secre-
taTy OF the Treasury shal cause books to be opened
Er subscription to the Treasury notes Tor my dol
lars and upwards, ut such places a. he may designate
Ia the United States and under such rules and Teu-
lations rs lac may preeFibe, to DO superintended BY
the assistant Treasures Of the United States at their
respective Localities aud at Oter places by such de
pOsitores slnIasier And other persons a. he may
Designate notice thereof being given in At least two
daily papers Of this city, and In or more public
newspapers published In the several places where
for such notes may be received from all ersus who
may desire to subscTbe any law To the contrary not
understanding; and u larger amount shall DO sub
scTbed In the yregate than Is required At one time,
tile secrCniTy VI the Treasury Is authorized to re-
erive the same should he deem It advantageous to
tire public Interest; and " not. he shall accept the
amount required by giving the preference TO the
smaller subscriptions; aud the Secretary Of the
Treasury shall flx the eotnpen ntions Of tile pubho
officers or others designated for receiving said sub
scriptlons: Provided, That, for Performing this or
any other duty In cOnncxon with this act no COIN
pensation for services rendered shall be allowed or
rald to any public officer whose salary Is established
by law; aud the Secretary e he Treasury may also
make such other rnles arr equations a. he may
deem expedient touching tho instalment to be IaIl
any subscription at the time OF subscribing, and
further Payments by instalmtnts or otherwise, and
penalties for nOn-p1ynont OF any instalmentl and
ais Conserving the rcceIpt ieposlt and safe keep.
lug Of money received from such subscriptions until
the he placed In the possession OF Official
Repositories OF the Treasury, any law or laws to the
| contrary Notwithstanding. Aud the Secretary Of
the Treasury is also Authorized ifhe slual deem IL
eXpedienL before Oponing books Of subscription A.
above provided, to exchange for coin or pay for
public dues or for Treasury notes OF the issue Of
I tWenty-thTIl Of December, eighteen hundred aud
hyscven, and falling due on the thirtieth Of June,
| Q ghteeh hundred aud sixty-One, or for Treasury
notes Issued and taken In exchange for such notes,
any amount Of said Treasury notes for hfty dollars
or upwards not exceeding one hundred millions of
Sec 4. And be It further enacted. That before
awarding any pOTtiOu Of the l.an Ia bonds author
lied by this act the Secretary Of the Treasury IL he
dcrm Il advisable to issue proposals Tor the same In
the uuited States, shall give not less than hfesn
| days public notioa in two or more Of the public
newspapers In the city Of Washington, aud IN such
other places Of the United States rs he may deem
ndVisAble designating the amount Of such loan the
place and the time up which sealed proposals will
be received for the SAME. the periods for the payment
aud the amount OF each instalment In which Il Is
to DO paid aud the penalty for the non-payment VI
any such instruments and when aud where such pro-
Posals sha ~ opened in the presence Of such per-
sons he may choose to attend; and the Secretary
OF the Treasury Is authorized to accept the most IA
voFable proposals. offered by responsible bidders
Provided That offer shall be accepted at less than
Sec. g. And be Il further enacted, That tho Seere-
tary Of the Treasury may, f he deem it advisable,
negotiate any portion Of said loan not exceeding
hundred millions OF dollars In any foreign cOuII-
try, and payable at any designated place, either In
The u.itel States or IN Eurife and may issue regis
tered coupon bonds for the amount thus negOtia-
ted areOably to the PROVISIONS Of this oct, bearing
interest payable substantially, either in the United
States or At any designated place In Europe; and he
Il further authorised to appoint such agent or agents
~ le may deem peeeS9ary tgr negotiating such loan
unler his Instructions aud for paying tho interest
on the sane, aud tn ok the Compensation OF such
agent agents and shall prescribe TO them all the
rules regulators gpd ulpea under which such loan
shall be negotiated and sla have power to fix the
rate Of exchange at which the PRINCIPAL shall be re-
ceived from the contractors for the loan and the
ehsnsr Cor the payment q tie PRINCIPAL and inter
est Ia RuTOpe shall be at the same rate.
| SIC. 0. And bc Il further enacted, That whenever
any TEuaguTy potEs. Of denomination les than hity
iSaF authorized to BE Issued by tilS mt shall have
been redeemed. the Secretary Of the Treasury may
reissue the same or may cancel them and tssue pew
NOTES to an equal amount; Provided, That the az.
Ereate amount Of bonds and TrCasuFy note islied
undrr the f1rroing provisions Of this act sAn never
eNreg1 tho fall amount AUTHORISED l,y the hFst sec
tOn Ot this aeti and the power 70 issue reissue
such not s-shl erase and determine amer the thirty
hrst Of December, eighteen hundred and siSty-tWo.
Sec. Z. And b 4 further enacted, ThatthS Secre-
tary ol the Treasury l. hereby authorized, whenever
he shS deem II eEpedi0nt % Issue In HxrhaDge for
colu or In payment iog public dnes Treasury notes
Of any OF the denominations heroinbefore specified
bearing Interest not breeding six per eenfum per
annnm, and payable a. any time not exceeding
twelve months nom date provided that the amount
Of notes 90 Issued or paid shall ct no time exceed
twenty millions o. dollars,
See s. And Be Il further enacted, That the seere-
tary Of the Treasury shan report 70 Congress inimO
aiAtsly amer the eommeneemont Of the noxt session.
he amount Ne hal borrowed undaF the provisions Of
this ael, Of whom and on what terms with an Gb.
ltfnet Of Al the propngall designating those that
have been accepted aud thea that have been rert-
Cd, and the amount Of bonds Or Treasury notes that
have been is11Sd ior the sanae. L.,