Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-11-13

tefs shan Be made by regular promotion from the
~. 9. Ana is Il further enacted That within Eix
m1uths after the expiratJn Of the present insurTec
tion the corps Of Iaynasters and Gssissant payuas
in the whole.
Approved, July II, 1s6I-
TPu1uc-Eo. 81
AN ACT to authorize National Loan and for
other puTposes.
Be It enacted by the ssnAte and House OF Repre-
sentative CT the United states Of America In Con
gre1 assembled, That the Secretary Of the Treasury
he and he 81 hereby anfhoriEed 70 borrow. on the
credit Of the United States, within twelve months
from tie passage u this act, sum n0t exceeding
tuo hundred and dfty millions oE dollars uueh
thereof as he may deem necesry for the public SER
VICE. for which lie l. authorized 10 Issue coupon
bonds, registered bonds Treasury nOtez in such
proportions Of each a. he may deem advisable; the
bonds % Tear interest not exceeding seven per cent
per annum payable BeLni-auHually, irTedeenabe Tor
twenty years and after that period Tedeeuiabie at
the pleasure Of the United stafes; and the Treasury
notes % be u any dsnondnation Fixed by the seere
tsTy Of the Treafury- not Les than my dollars and
70 be payable three yearS after date, with interet
she rate Ofseyen and threeteuthE per eentuu per
annuun, parable semEEunually. Aud the Secretary
Of the Treasury may also Issue in exchange for coin
and as part Of the above loan may pay salaries
a. otLr dues from The United stafes treasury notes
OF less denomination than my dollars bearing
interest, but payable on demand by the Assistant
TTeasuTeFs Of The United State At Philadelphia, New
York Boston, OF Treasury notes bearing interest
At the rate Of three and siKty-iIe hundredths
eentum, payable in year from date and eXchAtR
able at any time for Treasury nDtes lot atty dollars
and uPWatdsr issnabie under the authority Of this
act, and bearing interest specified Above: PrOTi-
led, That no exchange Of such notes in any less
amount than enc hundred dollars shall be made At
any one time; And provided further, That no
TFesnry notes shall Le issued Of less denomination
than ten dollars, and that the whole amount Of
Treasury notes notbearBg interest, Issued under the
authority Of ths act, shail not exceed my millions
Of dollars
See. = And be it further enacted That the Trea-
suTy notes aud bonds Issued under tie provisions Of
this act shall be signed by the First Second Comp
tTolsr, the Register Of the Treasury and counter
signed by EuCh other Otcer or officers Of the Trels-
nry the Secretary Of the Treasury may designate;
aud all such obligations. Of the denomination Of nifty
dollars and upwards shall be Issued under the seal
VI the Treasury Department The registered bonds
shall be transferable on the books Of the Treasury
delivery Of the certificate and the coupon bonds
and Treasury notes shall be transferable ON delivery
The interest coupons may be signed by such person
or persons, executed In iueh manner, as may be
designated by the Secretary Of the Treasury, who
shAii hz the compensation for the SINE.
Sec. J. And be 1t further enacted, That the seere
taTy Of the TTeasuLy shall cause books TO be oenei
for subscription to tile Treasury notes Tor nity COL
lar and upwards, At sueh places a. he may designate
in the United States and under such rules and TeEu-
lations he may prescribe, to be suIernfenned by
the assistant freureFs Of the United States at their
respective localities and ut other places by such de-
p0sitorita pOstnasters and other persons he may
desinate notice thereof being given in at least two
daily papers NJ this city, and In public
/ newspapers pubished ia the several places where
subscription boOksniay heoPeneI; and subscriptions
for sch may be received from all persons Win
may desire to subscribe. any law To- the contrary NOT
uttltstAudinE, II larger amount AuAll be SUE
sCTbed in tile aggregate than h required Al one time
the Secretary Of the Treasury is authorized TO re-
eeiVe the same, should he deem II HdEantascoust"
tho public interest; and not. he slall accept tie
amount required by giving the preference 10 the
smaller subscriptions; and the Secretary Of the
Treasury shall ix the eompcusatious Of the public
Officers or utierE designated for receiving said El
scTiptions: Provided, That, for performing this
any other duty in eonnexion with this act no COIN
pensatiOn for services rendered shall be allowed
paid % any public officer whose Iary Is established
by law; and the secretary G be Treasury may also
| make such other rules arr equations a. he may
iIeem e1pedient touching thu instaimeut be pail
on any subscription at the time Of subscribing, and
further payments by instalmsnts OF otherwise, and
PeuaIties for nOn-paymEnt Of any instalmentr 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 ohietHi
repositories OF the Treasury, any law laws the
/ contrary notwithstanding. And the Secretary OF
the Treasury Is also authorized iThe shall deem IL
cXpeiisnt, before opening books OF subscription
Above provided, 10 exchange for coin or pay for
public dues or for Treasury notes Of the Issue 81
twsnty-third Of December, eighteen hundred and
hffyaeyen, aud falling due on the thirtieth Of June,
eighteen hundred aud siXty-One, or for Treasury
any anouHt Of nid Treasury notes for MY dollars
| dollars = ''''
Sec. /. And be It further enacted, That, before
awarding any portion of the loan IN bonds author
lied by this the Secretary Of the Treasury II le
deenlit advisable Issue proposals for the ia
the Uuitei Sfates shall give NOT less than ffteen
days publie notice in two or more Of the public
newspapers In the city Of Washington, and in sucl
advisable designating the amount Of such loan tie
place and ,he time up TO which sealed proposals will
be received for the the periods for the payment
! aud the amount Of each inStalment In which It l.
to be paid. aud the penalty for the uoHpayuent OF
any such instruments, and when and where such pr'
posals Ehal b opened In the presence Of such per-
sons he may choose TO attend; and tho Secretary
Of the Treasury Il authorized to accept the most ia
yorable proposals offered by responsible bidders:
Provided That n Ofer shall be aoc0ptedat les than
par.
nFkN he
negotiate any potion Of said loan not exceeding
one hundred millions OF dollars In any foreign
Try, and payable at any designated place. either in
the Ult0d States or in Europe and may issue regis
tered or coupon bonds for the amount TINS neE0tia
ted agreeaby to the PrOVEions Of this act bearing
States At any designated place in Europe; and 10
e further authorized to appoint such agent agents
under his instructions and for paying the interest
on the SINE, and 10 tx the compensation Of such
agent or agents and shhll prescribe to them all TIE
shall be negotiated, and shall have power to M the
rate Of exchange At which the principal SaIl be
change for the payment OF the principal and inter
| est IN Europe shaH be AZ the sane rate.
Sec. 6. And b it further enacted, That Whenever
any Treasury notes Of determination les than my
doar authorized 70 be issued by this act shall have
been redeemed, the Secretary Of the Treasury may
reissue the same. may cancel them and issue new
notes to equal ana0unt: Provided, That the ag-
EregAte amount Of bonds and Treasury n0tes issued
under the foregoing provisions Of this act aha never
exceed the fan amount authorized by the FIRST SEQ
tlOu Of this act; and the power % tEne or reissue
such not shall cease and determine HfteEthe thirty
INST Of December eighteen hundred and sxty-tWo.s
Sec Z. And be It further enacted, That the SecTe-
tAEy Of The Treasury + hereby authorized, whenever
he shall deem it eLpeieut to tsIue In exchange
coin. or In plymgut for pubie dues Treasry notes
Of any Of the denominations herein6efore sPeeAel,
bearing Interest not GEceeafnB SIX per eentum Per
4 anuuu, and payable n any time not exceeding
twelve mouths from date. prUTided that the amUunt
% notes 90 Issued or paid shall a. time exceed
twenty uililiCns Of dollarG
SEC. & Ard b Il further enacted, That the Secre-
taFy q thu TrnasuEy shAl report 70 Congros imnle
datuly amer the conmeneemsnt Of the next session,
the amount he has bOETVWed under The prOVistons Of
this aet Of whom, hpd On What teruaa With IN ali
Btraet q Al the prUposAlsi dssEpatinE thass that
have BEN accepted and thee that have been FeOlt
ca and tire ar5uht q bon1s OF fraAsury nOtoI that
\ have ben tsgasd f1F ne aano-
/ Sex. 9. Ard Be Il further Onaeted, That the kith
Z ,ss GH. s.,ss' |. ssy - '9s@oy PlsdESd sr