Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-11-16

ststant paYmaEteFB shall have rank and precedencs
potntments 20 an vacancies 10 the eoEps Of payTas
ten shah Be made by regular promotion Lfom The
list q aslisiant payal.stsE1- --.,,,-.-
months aftsF the eXpfrAtien u the present. tnSurrs
ti0a tbe CORPS q p1Jn11sterS and es5stauf payuas
teFs sAan b reduced 70 tie number Of seVeaty-aye
= lppSo1Sd, July Il, 1se-
IPrHIc-So. 81
An ACT 70 authorize = National Loan and fSr
other purposes.
Be it-enarted by the senate and House Of Repre-
senfatives Of the United States Of America In Con
GreI a1eRblsd, That the Secretary Of the Treas1ry
credit Of the United staies, within twelve months
fTum the PassaEe Of this act, sun not exceeding
two hundred And FIFTY millions Of dollar, OF somReh
thereof be may deem neoes1Ty for the pubic ser
vice, for which be e authorized TO issue coupon
bonds, registered bonda or Treasury notea in such
proportions o. each a. he may deem adTtableS the
boDds 70 Lear iRteret not exceeding per cent
per annHm payable ReFni annually, TTedeemable for
twenty yeaTE and amer that period redeeEnable At
the ulisure Of tie United states: and Ire Treasury
notes 70 be Of Huy Denomination 61ed BY the SeeFe
taTJ Of the TreAr, not less than hfty dollars, and
TO BE payable thfes year6 Gffer date with interest
ts rate ofseSSn and thFss.telthg Per eeptum per
annurn, paBabie setniannulIly. And the Secretary
q the TreaEury may also issue In exchange for COIN
ad A. part q the above loan OF may pay Tor EalaTits
other dies from the United States Treasury notes
u les Determination than any dollars not bearing
interest, bat payable on demand BY the Assistant
TreasuTera Of the United States a. Philadelphia New
York Bost0n, Of Treasury notes bearing interest
~ the nate Of three and Exty-dye hubdredths per
Ahla nf any time for reasry notes Tor fty dollars
and UBWHIds, IssuAble under the Authority Of This
set, and bearing interest a. speeAed aloTe: PTUTi-
ded, That no exchange Of such notes In any less
amount than one hundred dollar1 shall be male At
any one time: And provided further, That NJ
Treasury notes shall lie Issued Of les dissemination
than ten dollars and that the whole amount Of
Treasury notes not beITfug interest issued under the
authority Of this act Ahal not exceed my millions
Of dollars.
See 2 And Be IT further enacted, That the Trea-
sHry notes and bonds Issued uider the provisions OF
this act sha Be signed BY The FiEEt or Second Comp
trOler the Register Of the 1reauTy, and counter
signed By such other Ofiser or officers Of the Treas
uTy the Secretary Of the Treasury may designate;
and all such obligations. q the denomination Of 6fty
dollars and upWaEds shall be fssued under the sal
Of the Treasury Department. The registered bonds
EhalI be tFnnEsrabls on the books Of the Treasury
delivery Of the certificate, and the coupon bonds
and TrgasuEy notes shall be transferable delivery.
The Interest coupons may be signed by such person
or peTsons, executed In such manner, may be
designated ~ the seeIetATy Of the TTeasuTy' who
hlal1 FIX the compensation for the same.
Sec. 3 And Be it further enacted, That the Seere
taFy OF the IreasuTy Ehal cause books to BE opened
FF subscription 70 the Treasury notes for my doll
lars and upwards at such places a. he may designate
10 the United states, and under such rules and re-
AtiOns he may prescribe, 70 be superintended by
the assistant trsasuTeTs Of the United States At their
respective Localities, and at other places by such de
pOsitoriea, postmasters and other persons be may
deEgnats notice thereof being given in At least
daily papers Of this city, and in more public
neuspaPerH published 10 tho several Plaeea where
subscription b0Oksmay beOpened; and subscriptions
for such notes may be received from all peFsO1s Uhn
may desire 10 subseTibe, any Law 70 the contrary not
Withstandingi aud ifa larger amount shall be sub
seFibed in the aggregate than Is required At one time
the Secretary Of the Treasury Il authorized to
eeiVs the same, should he deem It advantageous To-
the public interest; and II not. be shall accept tho
! amount required by giving the preference to the
smaller subscriptions; and the Secretary Of the
Treasury shall tx the eompeDsatious OF the Pnblc
officers others designated FOR receiving said sub
ssriptions: Provided, That for performing this
any other duty in connection with this act no cgt
pensaton for services rendered shall be allowed
paid to any public officer whose salary Is established
by law; aud the Secretary he Treasury may alBD
make such other rules arr equations a he may
deem exptdent touching tho instalment to be paid
on any subscription at the time Of subscribing and
further payments by instalments or otherwise, and
alsO concerning the receipt, deposit, and safe keep
Ing Of money received from such subscriptions until
the same be placed in the possession Of OficiaI
Repositories Of the Treasury any law laws to the
contrary notwithstanding. And the Secretary Of
the Treasury Is also authorized II he Glal deem Il
eXpedient before opening books OF subscription as
above provided, to exchange for coin or pay for
public dues or for Treasury notes Of the Issue OF
tHenty-third Of December, eighteen hundred aud
hyseVen- and falling due on the thirtieth Of June,
eighteen hundred aud sixty-One, or for Treasury
notes Issued and taken in exchange for such notes
any nm0lnt Of said Treasury notes for my dollars
dollars.
sec. l. And Le Il further enacted, That, before
awarding any portion Of the loan In bonds author
lied by this act the Secretary Of the Treasury II he
deem Il advisable 70 Issue proposals for the same Is,
the Uuited States, shall give not les than fffeeh
days public notice In two or more Of the public
newspapers In the city Of Washington, and IN such
other places % the United States As he may deem
advisAble designating the amount Of such loan. the
place and the time mp TO which sealed proposals. will
be received for the same the pGFOds for the payment
and the amount Of each instGlment in which IL Is
to BE- paid and the penalty for the non-payment Of
nny such instAimenta and when and where such pro-
pOsAls ShAll b opened In the presence or such per-
sons As he may choss to attend; and the SECRETARY
yorable proposals offered by responsible btddcrs:
Provided, That oer shall be accepted Al les than
sec s And be It further enacted, That the secre-
tary Of the Treasury may, IL he deem It advisable,
negotiate any portion o. sid loan, not exceeding
one hundred millions Of dollars In any foreign oOun-
Try, and payable At any designated place. either IN
the Ued States or In Europe, and may issue regis
tered or coupon bonds for the amount thus nPEOia-
ted Areeably 70 the provisions Of this act, bearing
interest payable semtdnnually, either in the United
States or a any designated place in Europe; and he
a be may deem necessary for Negotiating such Loan
under his instructions and for paying the interest
on tho same, and to IN the compensation Of such
rules regulations, and modes under which such loan
shAl Be nogOtiAted, and Ghall have power tx the
nate Of exchange at which the principal GhhIl be
eeyed from the contractors for the loan and the
change for the payment Of the principal and inter
i ct in Europe shall be at the same nate.
Sec. g. And be Il further enacted, That whenever
any Treasury notes Of Reorganization les than hftY
dollars authorized 70 be Issued by this act aa have
been redeemed, the Secretary OF the Treasury may
reissue the same, may cancel them and issue new
notes to an equal amounts Provided, That the az
gresAfe amount Of bonds and TreasuTy notes iR5uel
nder the toregufng provisions q this shal nsVer
exeeed the fall amount authorized by the first sec
ton Of this act; and the power issue on reissue
such not shall cease and Determine her TIE thirty
Il mt Of December, eighteen hundred and slXty-tWu
Sec ]. And b u further enacted, int tho Secre-
taTy Of the Treasury q hereby authorized Whenever
he ihan deem e expediont % Issue IN exchange for
coin, or IN payment for publie dnes Treasury notes
Of any Of the Determinations herEfnbeforO speeihei
bearing interest not breeding az per eontum per
annum, and payable q any tins not exceeding
tE6lyO months from data, provided that the amount
OF no461 80 llEued or Plid shall 1t tine 0xeeei
| tEtnty millions Of dollars.
SEQ g. And b Il further enacted That the eecre-
taEy q the Treasury hhAl report 70 C1agTeE8 tmmO
datuly afSf The cOinmeneoment q chs nat ie1Eiu1
thl RnloGRt b has boFrORod under tbs provisions o.
this Aet q whom, and % What terms, With N ab-
STRAIT 81 al he pboposais del1EnAtinE those thaf
have been Accepted aud tholl thai hans been rs9eet-
Cd Ald The AmoEnt Of bodS or TfosSaFy notes that
l have ben iGlaea far The sane.
I Sec. O. AnA b II hTFfhaF oEaetof. Fhat fha fht,