The national Republican., 1861-06-13
NATIONAL REPUBLICAN.
Public Acts Passed at the Second Session
Of the Thirty-sixth Congress.
cnsr. xxrx.--An Ac, authorizing Loan.

4.. he u enacted on the Senate and House of
Representatives. Of the United States Of America
. IN. Congress assembled, That the President Of
s the United States be and hereby is authorized,
at any time before the first day OF July next,
10 borrow, on the credit of the United States, a
. sun NOT exceeding twenty FIVE millions Of dol
lars, or 90 much thereof as in his opinion, the
sxigeueies Of the public service may require to
be used in the payment Of the current demands
J upon the Treasury, and for the redemption Of
Treasury notes now outstanding, and to replace
Ia the Treasury any amount Of said notes which
shall have been paid and received for public
dues. ~ I-8 -, = .-. ALL.
Sec. q. And be Il further enacted, That stock
shall be issued for the amount so borrowed,
bearing interest not exceeding six per centum
per annum, and to be reimbursed within Pc
riod not beyond twenty years and not less than
ten years and the Secretary of the Treasury
be and is hereby authorized, with the consent
Of the President, to cause certificates Of stock
to be prepared, which shall be signed by the
Register and sealed with the seal of the Treas.
,ury Department. for the amount so borrowed,
in favor of the parties lending the same, or
their assigns, which certificates NAV be trans.
= ferred on the books Of the Treasury, under
such regulations as may be established by the
Secretary Of the Treasury: Prorided, That no
certificate shall be issued for less sum than
one thousand dollars: And provided, also, That,
whenever required, the Secretary Of the Treas
ury may cause coupons Of semi annual interest
payable thereon to be attached to certificates
issued under this act; and any certificate with
such coupons of interest astached may be as.
signed and transferred by delivery Of the same,
instead of being transferred on the books Of
the Treasury.
Sec. 3. And be il further enacted, That, be.
fore awarding said loan, the Secretary of the
Treasury shall cause to be inserted in two Of
the public newspapers of the city Of Washing.
ton, and in one or more public newspapers in
other cities of the United States, public notice
that sealed proposals for such loan will be re-
ceived until certain day, to be specified in
such notice. not less than ten days from its first
insertion in q Washington newspaper; and
such notice shall state the amount Of the loan,
at what periods the money shall be paid, if by
instalments, and at what places. Such scaled
proposals shall be opened, on the day appointed
in the notice, in the presence Of such persons
as may choose to attend, and the proposals de-
cided by the Secretary Of the Treasury, who
shall accept the most favorable offered by re-
sponsible bidders for said stock. And the said
Secretary shall report to Congress, at the com
mencement of the next session, the amount Of
money borrowed under this act, aud of whom
and on what terms it shall have been obtained,
with an abstract or brief statement Of all the
proposals submitted for the same, distinguish
ing between those accepted and those rejected,
with detailed statement of the expense Of
making such loans. o..
. Sec. 4. Aud be IL further enacted, That tho
faith Of the United States is hereby pledged for
the due payment of the interest and the re.
demption Of the principal of said stock. ..
Sec. S. And be ii further enacted That the
residue Of the loan authorized by the act o
'twenty.second of June, eighteen hundred and
sixty, or so much thereof as is necessary, shal
be applied to the redemption Of The Treasury
notes issued under the act of seventeenth O.
December, eighteen hundred aud sixty, and
for no other purpose; and the Secretary Of the
ed, Treasuryis hereby authorized, at his discretion
to exchange at par bonds of the United States
authorized by said act of twenty second June
eighteen hundred and sixty, for the said Treas
ury notes, and the accruing interest thereon.
Sec. 6. And be IL further enacted, That, t.
defray the expense Of engraving and printing
certificates Of such stock, and other expense
incident to the execution Of this act, the sun
Of twenty thousand dollars is hereby appropri
ated: Prorided, That no compensation shal
be allowed for any service performed under thi
act to any officer whose salary is established
by law
Sec. 7. And be ii further enacted, That thu
Secretary of the Treasury shall not be obligeC
to accept the most favorable bids as herein
before provided, unless he shall consider it ad
vantageous to the United States to do 90, bu
for any portion of such loan, not taken unde
the first advertisement, he may advertise agar
at his discretion.
Approred, February 8, 1861.
OaAP xxX-An Act to provide for superintendent of In
dian Affairs foe Washington Territory, and addhona
Agents. -
% Be II enacted by III. Senate and House o.
Representatives cfthe United States Of Americt
in Congress assembled, That the President b,
and he is hereby authorized to make separate
superintendency of Washington Territory, anc
to appoint, by and with the advice and conscn
of the Senate, or during the recess thereof, and
until the end of its next session after such ap
pointment, o superintendent of Indian affair
for said Territory, with al annual salary O
twenty-five hundred dollars.
Sec. 2. And be IL further enacted, That tn
President be and he is hereby authorized to al
point, by and with the advice and consent of tn
Senate, or during the recess thereof and until tn
end Of its next session after such appointment,
three additional Indian agents for said Territory
with an annual salary of fifteen hundred dollar
each: Pforided, That no agent or subagent
either special or temporary, or otherwise, shal
be appointed, employed, or continued in EN-
ployment in Washington Territory, except onl
the three agents and two subagents provided
for by existing law, and the additional agent
provided by this act.
Sec. 3. And be ii further enacted, That tn
President, in adj usting the limits the respectv
superintendencies of Oregon and Washington
may attach any tribe situated partly in both o
either superintendency, in such manner as il
his judgment may best promote the public ser
vice.
approved, February 8, 1861.
CHAP XXX-An Act 10 change the Name Of the Schoono
Augusta - TO Colonel Cook :"
Re IL enacted bu The Senate and JIouse .