Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-09-14

list of assistant payniastcTs.
Sec g. And lie il further enacted. That within sin
nuntlls after the .xpirt of Tie present insurrec-
tirn the corps Of paymasters and assistant Payn',s
shall be reduced 10 the number of seTrnty-hNe
Approved. July IL, 1861.
IPUELIC-NO. 5.
An ACT 10 authorize National Luan ami for
Other purposes.
B,. il enacted by the Senate and House of Repre-
.rutniyr- It the United States Of America III Con
.rrss assembled. Thai the Secretary "t the Treasury
ice ami lie /. hereby authorized to borrow the
credit of the United States. within twelve months
from passage OF this act, sum i exceeding
two hundred and fifty millions OF dollars. much
thereof lie may deem necessary for the public SER
vice. for which lac i authorized I" issue coupon
bends registered bonds Treasury notes. in such
rrnport Of each a. lac may deem ndviSable the
uul- bear interest not exceeding seven per cent
per .ti.nul. payable >-Iuanuually. rTeicemahr TOR
twenty year., and after that period rcdeemabie at
the pleasure of lI.c United States and tly Treasury
NOTES lie of any denomination fixed 10y the SeCr'.
irv r the Treasury. not less than iity dollars and
To- Ice payable three years after date. with Interest
al ir rate aud threc-tcnts per ccutum per
aInIn,, payable ecni.nnnuaiiy. And the SECRETARY
the Treasury may ais" issue III exchange tor cu
and part u The above loan. may pay Tor ssti'trits
utr ,lI'~ from tn" United StHtv> Treasury notes
q" a I.-s ,icuomiuaiu than fifty dollar. bearing
interest. HUI payable demand 10y tllc Assistant
Tr,s,suIcl~ If tie, United States AT Philadelphia. New
York Boston. Treasury NOTES hearing interest
at the rate of three and -iNty-iivr hUulrc,iiiS PEI
payable. in one year from date aud "NchnnE-
al, time for Treasury notes Tor nifty dv!ia>
anal uEwH. d-- i--uai' under III" authority al thls
act. aud tcartu- Interest specified above: Frivi-
dol. THAT cNchaug" Of -uch notes III any less
than hundred dollars -iall lee male at
amy one time: And provided further That 10
Tressur. Iluic> shall lee issued If a ~ denomination
than ten dollars. and that the whole aMunnt 0i
Treasury u"tcs. not heating interest. issued under til"
authority "f this act, shall not exceed fifty millions
1T dollar.
So. :. Aud Ice it further enacted. That the Trc.,-
sury notes and bonds issued under the provisions Of
this ,iiall he signed hy the First or Second Comp
trucr the Register "f the Treasury. and counter
signed ly -r other other or nigrIs u tile ITtss
ury the Secretary uf the Treasury may Designate
aud all such obligations. al the denomination "I my
dollar and upwards. shall he issued nniur the seal
uf the Treasury Department. The registered bonds
snail Ir transferable the I"Oks "i ttir Treasury
rii,eI Of the certificate. AMI the coupon i'umt-
aud Treasury notes sian lee transferable on delivery
Tile Interest coupons may Ice si-ucd iN such person
81 persons. ut,'l III such manner. may tee
designated 10y III" secretary of the Treasury. vii"
siiail fix the compensation Tor tie. sIIUr.
See =. And hc ., further enacted, That the Sccrc
tary al the Treasury sla Cau,c hook I" he opened
fl ,rII,fi,,,, To- i Treasury iut.- for ijtiy
lar md upwards. such places ia e may designate
in ''rc United states ana under ~nUli rules AMI reu
Iaiiu'- le may prescribe To- be sUryrinicAdr 10y
tie assistant rc>urers ct the UEl,d Sihics AT tcir
respective localities ami a. ut"T place, Iy Hucl dc
I-inr..-. iiiss-t.r~. aud other persons - c n.y
.rr;nnIc Irvice thereof being given IL at least iwu
daily pI-r- Of tins CITY. ami III InpIC pubic
-iL-cIIpi!.n books may bcul rnvd: aud subscriptions
Tor ,t,c ,l,. may lee received from all persons lu
wlIh-tanuing: and II larger amount shall lie sui.
srIlbc in the gate than Is required at time.
Ih. secretary 81 til, Treasury il authorized tn t.
criNc tue same should lic deem II advantageous L"
tn" PEhlic interest: and il not. he shall aCrvpI tie
amount required 10y giving the preference {" the
smaller subscriptions; and the Secretary "i the
Treasury Shall tN the CunIvn col the public
officers others designated Tor receiving said sub
seriptiun-: Provided. That. for J-rirrmu- Ibis
any other duty in conncNiuu with this act. M COM
Ic-ttinn for services rendered shall l." allowed or
paid ." any public officer whose salary i established
Icy Law: add the Secretary 81 the Treasury may a~"
make .uch other rules aud regulations ~ lie may
deem cAVcdicnt touching IN" iu-fulmcrt I" ;r Iaii
uI any subscription at ti'c time . -r'l- riding ard
iuilt"r payments Icy lusttl!' MS OF Otherwise HhI
IeuLt"> tor H"n-ily mcut 81 any In-talmicmt. aud
nl-n concerning the receipt, deposit. and SALE Keep
ING ii money rrcriy. from s;ci subscriptions i
the lee placed i'll the possession -! ";IrI.l
repositories ui the Treasury. any law ur aw To iI.
contrary notwithstanding. And til" Secretary IT
the Treasury i nls authorized. il hc shall deem II
eNr"iieut before opening looks 81 subscription a
. nlry" provided, t" exchange Tor coin pay for
public dues or for Treasury nete- of the issue "f
iW'uiy-tiIirtl of December, eighteen hundred and
hNy->vvcU and falling du" "n III" thiTtcth "t June.
I eighteen hundred and siNty-"Hc. or Tor Treasury
u"t.~ is-slud ami taken in exchange for such NOES.
any amount Of said Treasury notes for fifty dollars
~ upwards nni exceeding one hundred millions of
tu,hr-
Sc J. Ami bc it further enacted That before
awarding any portion At the loan in bonds author
Ec,l 10y this the Secretary If the Treasury If he
i"cI' ii advisable to issue proposals Tor the in
the lUlteG states shall CIV" mol les than htiCrn
days public notice of the public
newspapers in the city vf Washington. and in such
other places IF the United States rs he may deem
advisable. designating the amount Of such loan the
place and the time MP 10 which scaled proposals i'll
lie received for the same the periods for the payment
and the amount of each iIlstalInCmt ia which il j.
I" h' PAID. aud the penalty for tie nv-Iayment Of
ANY such iu>ialWpntS. and WHEN unl where such pru-
pn-Hl~ shall bs opened in the presence # such per-
cons ~ lie NAV choose to attend: and the Secretary
"f ih. Treasury il authorized accept the most Ia
r"rahc proposals offered Ivy responsible bidders :
Provided That offer shall he accepted at less than
T
Sec. :. Ard lie it further enacted Tint the Score
tary Of the Treasury may. If he deem It advisable
negotiate any portion Of -Hii loan. not exceeding
hundr. millions Of dollars. in any foreign conn
try and paNahl" at any designated place. either in
the U;rl States or IN Europe. and may issue ---
tered or coupon bonds for the amount thu~ ucEntu-
ted arccahly {" the provisions q :h= act bcAriI.
interest payable seniann'iay. either in the United
States At Huy designated place in Europe: and he
Is further authorized appoint such agent agents
- he may deem necessary fpr negotiating such loan
under HE instructions and for paying the interest
Uu the SANE. and to fix tie compensation Of such
agent agents, and shall prescribe tn them all tn"
rules. regulations. and modes under which such loan
-holl hc negotiated. and shalt have power to fix the
rate ~ exchange at which the principal shall bc re-
c.TCd from The contractors for the lotn. and ia"
change Tor the payment Of the principal and inter
est Europe shall be at the same rate.
See. 8. And lie it further enacted That whenever
any Treasury Of denomination less than Hfty
dollars. authorized to bC issued by this act shall hny
been redeemed, the Secretary Of the Treasury may
tsi--n" the snc. ~ may cancel them and issue new
notes to an equal amount: Provided. That the Rg-
stVs't. amount ~ bonhS ana treasury notes Issued
nndtr te Tor SSouS provisions of this act shall never
exceed the full amount authorized by the first
ton Of this act; and the power 10 isSuc reissue
such not -shn Cease and determine after the thirty
hrSt Of December. eighteen hundred and sixty-two.
Sec q And be it further enacted, That the Score
iary OF the Treasury ls hereby authorized whenever
ne snail deem 1t exPedient to issue in exchange for
coin or IN payment for public dues. Treasury notes
o. any OF the denominations hercinbefore specified
bearing interest not exceeding six per ceuium per
annum, and payable at any time not exceeding
twelve months from date. provided that the amount
Of notes 50 tssuod or paid shall at no time exceed
twenty millions Of dollars.
Sec. s. And be It further enacted That the Score
tary u The Treasury shaI report Ia Congress imme
diairly after the comm enccment Of the next session.
one amount lie has borrowed under the provisions Of
this act Of whom, and what terms With an ALI
stTsot Of all the proposals, designating those that
have been accepted and those that have been reject
3D. aud the amount Of bonds or Treasury that