Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-10-09

:
PoIatneass to an vacancies IN the corps Of paynas-
ters shall be made by regular promotion from the
list Of assistant payma5ters-
months after the eEpirad Of the present insurroc
tiOu The eoTPs q paymaAtera and assistant Paynas
4 APP July IL. lsGl.
IPuBLJe-No. 81
AN ACT to authorize = National Loan and for
| other purPoses.
lie It enacted by the Senate ADD House Of Repre-
stntauVes Of the United STATES OF America IN Con-
greSs assembled, That the secretaEy Of the Treasury
| DC and he 4 hereby authorized to borrow, on the
credit Of the United States, within twelve months
from the passage Of this act, sum not exceeding
two hundred and nifty millions Of dollars, much
Thereof a ne may deem necesry for the public ser
vice. for which he is authorized To Issue coupon
bonds registered bonds OF Treasury notes in such
proportions Of each ~ he may deem advtsable; the
bonds to bear interest not exceeding per cent
Per annum, payable semianuunlly, iTTedeemAble for
twenty years, and amer that period redeemable at
the pleasure OF the United States; and the Treasury
Notes 10 be Of any Denomination hxed by the Secre-
tATy Of the TFeaAuTy not less than htty dollars and
to be payable three years amer date with interest
At the rate OfseVeu and three-tenths per eentum per
annum, paPable semi-AnnuAlly. Aud the Secretary
II the Treasury may also issue In exchange for coin
and part Of the above Loan may pay tor salaries
CT other from the United States Treasury notes
Of less denomination than my dollars, not bearing
Interest, but payable demand by the Assistant
TreaAuTeTs the United States Philadelphia, New
York or Boston, Treasury notes bearing interest
At the rate Of three and slXty-fve bundredths per
centum, payable in one year from date. and exehanR
able Al any time for Treasury notes for nifty dOllaIs
and upwards, issuabie under the authority Of this
act, and bearing interest as specified above: ProV-
/ ded, That NO exchange Of such notes Ia any less
amount than one hundred dollars shall be made AZ
any one time; And provided further, That no
Treasury notes shall lie Eued Of less denomination
/ than ten dollars, and that the whole amount Of
Treasury notes bearing interest Issued under the
authority Of this act shall not exceed MY millions
sec. 2. And be It further enacted. That the Urea
sury notes and bonds Issued under the provisions OF
this act shall be signed by the Frst second Comp
signed by such other officer officers Of the Treas
nry the Secretary Of the Treasury may designate
and all such obligations. Of the denomination OF fifty
dollars and upwards shall be issued under the seal
Of the Treasury Department. The registered bonds
shall be transferable the books Of the Treasury
on delivery Of the Certificate and the coupon bonds
and Treasury notes shall be transferable delivery
Tho interest coupons may be igned by such person
or persons, executed in such manner, may be
designated by the Secretary OF the Treasury, who
slal1 TX the Compensation for tile same.
SO j. ana Se y iuTihsT enacted That the seete
for subscription to the Treasury notes for ffty dol
lars aud upuars at such places a. he may designate
ia the United States and under such rules and Trgu-
lAtons ~ he may prescribe, TO be BupeTinsnued by
the assistant tTeasure Of the United States At their
respective localities, and ut other places by such de
postOTies, postmaster and other persons as he may
designate, notice thereof being given In at least two
hAly paPeIA OF tns Guy, hhd IN one OF more P1bie
newspapers published In the several places where
subscription books may beOpene; and subscriptions
for such notes may be received from all persons who
may desire subscribe. any Law the contrary not
WithatandlnE; and n larger amount shall be sub.
Acnbed Ia the aggregate THANH required At one time
the Secretary Of the Treasury 4 authorized to no
eeiVe the same, should he deem Il advantageous to
the public Interest; and II not he shall accept the
amount required By giving the preference TO the
smaller subscriptions; and the Secretary Of the
Treasury shall hx the computations Of tho public
officers Others designated for receiving said sub
seriptlons: Provided, That, for performing this OF
any other duty In connection with this act, no com
pensaton for services rendered shall ba allowed OF
paid to any public odeer whose salary Is established
by law; aud the Secretary -he Treasury may also
deem eGpedent touching thu instalinent to DO paid
on any subscription at the time Of subscribing, and
further payments by instAlments otherwise, and
penalties for nOn'payment OF any instAlment, and
also concerning the receipt deposit, and safe keep
the same can be placed in the possession Of official
depOsitoFies Of the Treasury, any law laws to the
contrary Notwithstanding And the Secretary o.
the Treasury i Alsn authorized, ifhe shall deem II
eNpedient, before opening books Of subscription NJ
above provided, to exchange for coin or pay fOl
public tnes or for Treasury notes Of the Issue q
twcnty-third OF December, eighteen hundred and
hftyseven, and falling due on the thirtieth Of June
Ehteeh hundred and sixty-one, or for Treasury
notes Issued and taken in exchange for such notes
any of said Treasury notes for my dollar
dollars.
Sec. l. And be It further enacted That, before
awarding any portion OF the loan In bonds author.
lied by this act the Secretary Of the Treasury II he
leeniit advisable Issue proposals for the same in
tho Quilted States shail give not less than fteeu
days public notice in two or more OF the public
newspapers In the city Of WaAhingtOn and IN such
other places Of the United States a. he may deem
advisable designating the amount Of sueh loan the
place and the time up to which sealed proposals will
b. received for the same tho periods for the payment
aud the amount Of each instaiment in which Il Il
to be paid, and the penalty for the nOb-payment Of
any such instAimentu, andWhen sud where Snch pro-
posAla shall b opened In the presence Of such per.
sons a. he may choose to attend; and the Secretary
Of the Treasury e authorised TO the most "a
variable proposals offered by responsible bidders :
b., erH -
| par.
tary OF the Treasury may. U he deem e advisable,
negotiate any portion OF said loan, not exceeding
one hundred millions OF dollars In any foreign cOur.
try, aud payable At any designated place. either IN
the u.ted States or in Europe and may isIue regis.
tered coupon bonds for the amount thus neEotIa-
ted asEoeaby to the provisions Of this act bearing
interest payable semannually either In the United
States or a. any designated place In Europe; and he
s further authorized TO appoint such agent agents
a. he may deem necessary for negotiating such loan
under his Instructions and for paying the interest
on the same, and TO Ok the compensation Of such
agent OF agent and ahan prescribe 70 them ali the
rules regulations, and modes under which such loan
shall be negotiated, and shall have power 70 az The
TAte OF exchange at which the principal sha be re-
esiTed from the contractors for the lean and the
change for the payment OF the principal aud inter
est In Europe shalt be At the same nate.
See G And Be It further enacted, That Whenever
any Treasury notes Of denomination les than hfty
dollars authorized 70 be Issued by this act shA have
been TOdeemed, tho SECRETARY Of the Treasury may
reissue the sAme or may cancel them and Issue new
:
regAte amount OF bonds and Treasury notes Issued
under the torsgoing provisions Of this AhAl never
exceed the full amount authorized by the rst sec
tton Of this act; aud the power 10 issue OF ressne
such not NahAn cease and determine after the thirty
hrst OF DeeemheT, iEhteen hundred and sixty.tWo.
Sec Z. And b Il further enacted, That the SeeTe-
taTy the Treasury e hereby authorised Whenever
he shall deem IL expedent, 10 issue In exchange for
coin. or u payment for public dues Treasury notes
Of any Of the determinations herelnbefsro gfserfed
bearing interest not exceeding six Per eenfum per
annnm. and payable a any time not exeeedlng
twelve mcnths from date, provided that the amount
Of notes % issued OF paid shall AZ no time eTeeEi
tWunfy millions o. dollars.
Sec. s. And Be It further enacted, That the Soere-
tery Of the Treasury shall report t. Congress inmS
diat0y aftor the commencement Of the next segsiou
Ne amount he has borrowed under the provisions Of
this act, Of whom, and On what terms, With an ab-
stTaet o. all the proposals., designating thnSs that
have been accepted and tboss that have been reIect
ed and the amount o. honda OF TreASuEy notes that
have been Issued lor the same. 1852. i
So 9. And Be It further enacted, ThEt he faith
q te United ktates q hereby aolomnly pledgad for
the p1yIDlnn Of tia n