Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-11-15

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Bec Q. And Be Is further enacted. nat within M
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IPUEu-NO. 81
Ak ACT 70 autborirs = HA4ioual Loaa and kr
ether PuEPosa.
Bs IL enacted BY The senate and Ho1se Ct Eepre-
seatstiTes q the Clited stAte1 q Amerioa in Con-
EreIs as-rlbii nat The EscreflrT q the Treasury
be and Be L ktreby authorized 70 b0rTVE, on The
fron tie pasaEe Of this act, sum noS exceeding
fuobundred abd city millions q doiArs. or 50 much
thereof a be nay dem DeeeNry for the public SER
vice, for Ehieh be h authorized 70 issue eoupJii
b0Dds, registered bonda Tre8auEy notes, In such
pEut0Tti0ns II eaEh - he may deem AdTisable; the
bonds 70 tear Interest HOt e1cednE seven per CENT
per annzn. payabIs gsEi-aunuaily, tTe4esmAble Tor
fuenty Year,. AID amer that period FedeeaABIea Al
the teaSure Of the United Etateg; ARd tie TreasTy
49, n ~ a any dsior1inIffor Teli ly he se-rs
tAEy q the Treasury not les than any dliaEs and
70 6s payable three jean after date With interest
Annuu. F1fable ssr1i-ehnuAiiy. And the Secretary
% the Treasury may alao Issue In exchange for coin
and e IEt q ioas O. nay Pay ioE iss
Of lea denomination than any dollars not bearing
interest, bot payable on demand by the AsaiEtant
TreasuFers Of the United States At PHILADELPHIA New
York or Boston, or Treasury note Bearing interest
~ the rate Of three and Eixty-dve hundredths per
eeptuty payable In one ear from date and exehaBE
and upwards, issuAble under the authority Of this
act, aud bearing interest Epecihed above: PrUVi
amount than one hundred dollars AhAn be made at
any time: And provided further, That
TreasuTy notes Ehall lie Issued Of les denomination
than ten dOllars, and that tie whole amount Of
Treasury notes. not bearing interest Issued under the
authority Of tha act, shall not exceed hfty millions
Of dollars.
Sc, 2 And b 1t further enacted That the Tres-
auFy notes aud bonds Issued under the pEOTiEiOnG OF
this act Ehal Ie signed BY the RHt or Second Comp
trDIleT, the ResteF Of the TreaEury and counter
signed by such other nfser or officers Of the Treas
Fy the Secretary Of the TTelsuTy may designate;
and an such obligations Of the denomination Of fifty
dollars and upwards, klIal be Issued under the seal
Of the TTeasuTy Department. The registered bonds
slIaI 10 tranSferHbie the books Of the Treasury
on delivery Of the eeFtiheate and the coupon bonds
aud Treasury notes shall be transferable delivery.
The interest coupons may be signed by such person
or peFsOnE. ezesutsd In sueh manner, a. may be
designated by the Secretary OF the Treasury, who
aliali TX the com ensation for the same.
Sec. Q. And Ds Il further enacted That the seere-
Er subscription TO the TreasuTy notes for my dol
lars and upWaTs at such places ~ he may designate
10 the United States and under such rules and reE
the assistant treasures Of the United States their
respective localities and At other places by such de
ps5itOTLe4 TostmasteFH and other persons be may
esigDate notice thereof being given In At least
daily papers Of this city, and In one more public
newspapers published In the several places where
subscription bOOksmay beOpened; and subscriptions
for such notes may be received from all persOns who
may desire 70 subscribe any law TO the contrary not
EithstSndi1g; and q q large, amount shS DC 5nb
the Secretary u the Treasury Il Authnrized to re-
ceiVe the same, should he deem II 4dyahtAgeoustn
The public interest; and II not. he shal accept The
amount required by giving the preference TO tho
smaller subscriptions; aud the Secretary Of tie
Treasury shall hx the eompen ations Of the public
officers others designated for receiving Aaid sub
scriptons: Provided. That, for performing this
any other duty In eOnneXioD with ths act, NO enn-
pGnsatlOn for services rendered shall be allowed
paid to any public Oicer whose salary Il established
by Law; and tie Secretary he Treasury may alec
make such other rules ar equations a. he may
deem e1Pe'iient touching thu lnltAlmeut TO be paid
any subscription At the time Of subscribing, and
further payments by instalmtnts or otherwise, and
penalties fTr non-payment Of any instRlment, and
also Concerning tho receipt, depost, and safe keep
ing Of money received from such subscriptions until
the be placed In the possession Of OficiHl
Repositories Of the TreaAury, any law or laws 70 the
contrary notwithstanding. And the Secretary ri
the Treasury Il also authorized, ifhe shall deem II
eNpedeut, before opening books Of subscription
above provided, to exchange for coin or pay for
public due8 or for Treasury notes Of the Issue Of
tEenty-third Of December, eighteen hundred and
hhy+eVen, and falling due on the thlrteth OF June,
eighteen hundred and sixty-one, or for Treasury
notes Issued and taken in exchange for such notes
any amount Of said Treasury notes for ity dollars
or upwards not exceeding one hundred millions Of
Sec. 4. And be 1t further enacted, That, before
awarding any portion Of the loan In bonds author
he'd by this act the Secretary Of the Treasury II lac
deem It advisable to Issue proposals for the same IN
the Euited States, shall give mot les than hitesn
newspapers In the city Of Warrington, and In such
other places Of the United States a. he may deem
advisable, designating the amount Of such loan, the
place and the time mp which sealed proposals will
lie received for the same, the periods for the payment
and tho amount Of each instalment In which II i
to be paid, and the penalty for the nonpayment Of
any such instalments, and when end where such pro-
posals shaI Be OPensd In the presence Of such per
Of tho Treasury s authorized to accept the most q.
VorRble proposals offered by responsible blddeTS:
Provided That offer shall DO accepted at les than
Sec. s. And be 1t further enacted, That the secre-
tary Of the Treasury may, II he deem Il adTisable,
negotiate any portion Of Eaid loan, not exceeding
one hundred millions Of dollars In any foreIgn coun.
try, and payable at any designated place either In
the uted States or In Europe, and may Issue resis-
ted Areeaby TO the provisions Of this act bearing
interest payable semiannuay, either in the United
States OF AZ any Designated place in Europe; and ho
Is further authorized TO appoint such Aggntor agents
a he may deem neeeslFy fur Negotiating such loan
under his instructions aud for paying the interest
agent agents and shall prescribe to them all the
rules, reuiAtions and mOdes under which such loan
shai Be negotiated, and lhlll have power TO fix the
eetyed from the contractors for the loan, and the
change for the payment Of the principal and inter
est In Europe shall be At the same nate.
Sec. Q. And be Il further enacted, That whenever
any Treasury notes OF denomination les than my
been redeemed, the Secretary o. the Treasury may
reissue the same. may cancel them and fsEns new
notes to IN equal amount; Provided, That the ng.
gregate amount Of bonds and Treasury notes Issued
under the fOFeSolng provisions Of this act shall never
exceed the fan amount authorized BY the lrst sec
ton Oft aett and the power 20 Issue reissue
such not shall cease and determine afer the thirty
drst Of DECEMBER, eighteen hundred and sixty-tNo
See I. And be Il further enacted, That the 6sCre-
tRSy Of the Treasury & hereby authorised whenever
he shall deem 10 GIpedient TO issue In eIehRngu for
coin, or In payment for public dues TTeasury notes
81 any Of The denominations hGTTlnbefoTe specified
bearing interest not exceeding az Per eeufum ToF
GunumI and payable At R1J tine not exceeding
twelve months nom date provoked that the amount
Of notes 20 Issued oE paid hhal - no time GxePed
tWenty nIlllinns Of dollars.
Sec g. Ard BE- e further enacted That the Secrr-
taty q tbs TfeaEury GhRl1 report TO Congros tmme
datuly sftef the commencement o. the next ssson,
the anloua4 be has borrowed under the provisions Of
this let, o. whom, and on what terass With alb
hktl bUon neeupted sud thQ1a that have bsSn reject
ed and TIE AMOUNT o. boais or Treasury hOte1 that
have hean Issued idF TIE larlo.
See. .. lnd s. Il fafthsr enacted, that Ehs hIti
g The Uuted stata Z hereby solsanly Pledged or