The national Republican., 1861-05-11
OFFICIAL,
TREASURY

TREASURY DEPARTMENT, Moy IL, 1861.
SEALED PROPOSALS will be received at this
Department until 10 o'clock, noon, of Tuesday,
the twenty fst day Of May now current for the
remainder Of stock of the United States, to be
issued under the act Of Congress approved 9Th
February. last, amounting TO eight millions, nine
hundred and ninety -four thousand dollars. This
stock will bear interest ut the rate of six per cent
per annum, payable semi-annually, on the first
days Of January and July in each year, and will
be rsimbursable in twenty years from the first
day Of January last
The proposals must state the sum offered for
each hundred dollars Of stock, and must 10 for
one or more thousands Of dollars, without frac-
tions. One per cent Of the amount offered must
be deposited with the Treasurer of the United
States at Washington, or with an assistant treas
urer at Boston, Philadelphia, or New York, sub
ject to the order of the Secretary Of the Treas
ury; and the certificate showing such deposit
must accompany the offer. The act reserves to
the Secretary the right to decline bids not re-
gsrded as advantageous to the United States.
The amounts payable under the accepted offers
for this loan must be deposited with the Treasu.
rer of tbe United States, or an assistant treasu-
rer at Boston, New York, or Philadelphia, on or
before the twenty fifth day of May now current ;
but II any accepted bidder shall desire 70 deposit
at any other point his request will be considered.
On the receipt here Of the proper certificates,
showing such deposits, certificates Of inscribed
stock will be issued to the successful bidders or
their assigns, for the amounts to which they shall
be entitled, in sums Of one thousand, Eve thou
sand, and ten thousand dollars each, % may be
required. Inscribed stock 30 issued will carry
interest from the date Of such deposit, and will
be transferable on the book, of the Treasury,
agrseably to the regulations of the Department,
Shotld any accepted bidder desire certificates
Of stock, with coupons Of semi-annual interest
attached thereto, they will be issued accordingly,
In sums Of one thousand dollars each, with cou-
pons attached for interest from the first day Of
July next. Such coupon stock, instead Of being
transferable on the books of the Treasury, may
be assigned and transferred by delivery. The in
terest on such coupon stock, from the date of
the deposit therefor to the first Of July next will
bs paid on that day to the accepted bidder, or
his assigns, or attorney, by the depository, with
whom the principal was deposited.
The proposals under that notice should be en-
dorsed on the envelopes, " Proposals for loan of
February 8, lsel," and addressed to the Secrs-
tsry Of the Treasury, or they may be put under
cover to the Assistaat Treasurer of New York,
who will forward them to this Department They
SHOULD be sent in season to be opened and de-
cided at the time above stated.
The preliminary deposit Of one per cent, re-
quired from all bidders, will be included In the
6nal deposit Of successful bidders, and will be
directed to be Immediately returned to unsuc-
cessful bidders.
SP. CHASE,
Secretary of the Treasury.
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