Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-08-20

iers shall be made by regular promotion from the
list Of assistant paymaateTs.
gecIC And 10 it further enacted, That within six
months after the ezPirat of the prteent insnTTfc
ton the corps Of Paymastera and aashsiahI ~ nsS
tiers shall Be redseed to the number Of HeTentynTe
IN & s9S TSiS; July II, 1881.
tPUbuo-No. 81
/ AN ACT to authorize a National Loan and for
other puED0seS.
I Hu It enacted by the Senate and House Of Repre-
fentRtiVes Of the United State5 u America IN Con
gresS assembled That the Secretary Of the Treasury
Ge aud hs Il hereby authorized " borrow, on the
credit Of the United Stales within twelve months
irVn tie passuge Of this act q sum not exceeding
thefeOi ~ lie may deem necessary for the public SER
vice, for which he 10 authorized TO issue coupon
honds registered bonds or Treasury notes N sasn
proportions Of elch ~ s may deem ndVisAblai the
bonds bear interest not exceeding seven per eeut
per aunum, payable sefpiannually trTedeemaGlet for
twenty yoaTs. aud aiter that peTod rtdee mA0le at
the pleasure Of the United StRtes and tile Treasury
notes 70 be d any denomination hNed by the Seere-
tary Of the Tretsury not LEES than city dollars. and
10 be payable three years after date, with interest
the 81 seven aud three eEths centuni per
Anhun, payable tetni 1nnually: Aud the Secretary
Il the Treasury may also issue in exchange for coin
and part Uf the above Loan. nay pay tor salaries
CT other dues from the United States, Treasury notes
Of less denomination tltal may dollars not bearing
inteIcst, but payable on demand ~ the Assistant
TreasnTers Of the UnleJ States at Philadelphia New
York boston, or Treasury notes bearing interest
at the rate % three aid HiNty-hVe bundredths per
ccutum n yRbi0 in year from date md eXclaie-
ali nj ANY time for Trrfsury notes for nifty dollars
aud upWd d. lssuabie under the authority Of this
net aud bearing Interest specified above: frov-
del, That exchange Of such notes III any less
amount than one hundred dollars shall be made at
any one time: Aud provided further, That no
Treasury note shall he Issued Of less denomination
than ten dollars, and that the whole amount Of
Treasury not bearing interest Issued under the
authority Of thla aet saI not exceed MY millions
4 Sec. > And be IT furtber enacted. That the Tren-
sury notes and bonds issued under the provisions OF
this shall be signed lY the tlrst or second Comp
trOer OF the Register OF the Treasury and counter
signed By such other Officer OF oltcers Oi the Tre3
nfy AZ the Secretary Of the Treasury may designate;
and all such obligations Of the denomination 81 Misty
dollars and upWHIds, shnibe Issued under the seal
| OF tho Treasury Department. The registered bonds
I shaI 10 transferable ON the books OF the Treasury
on delivery OF the certificate ana the coupon bonds
and Treasury notes shall be transferable delivery
The Interest coupons hray be signed by such person
or persons, exc nttd In siicll manner. rs may be
Designated by Iie Secretary Of the Treasury, who
/ shail fix the compensation for the same.
Sea. J. And be 10 further enacted, That the Secre-
\ Or subscription TO the TIeagnTy nntes for my dol
lars AMI upwards such plHc0s n. he may designate
In tie United States, and under such rules and Fs
lstioH1 Hs he may prcsertbe, TO be ny
the assistant treasuteTs Of the United stntes Mt their
respective Ivca lilies. and other places By such de-
ssssnats auiice thereof being given in a. least two
daily papers OF this city, and in QUE or loLe P5oe
stbseIiIti1n O00ksmay beOPenedi aud subscriptions
fOr such may he received from all PeT-ohs who
may desire TO subscribe any law TO thectrry not
wiihstandiBgi aud ifa larger amount shall By sub'
scTbt In the yregate than uiTed Al Ole time,
lilo secretary 81 the Treasury Is authorized to re-
ceive the same should he deem it advantageous to
the public interest,"; and iG not lie shall accept the
amount required by giving tue preferences 70 tile
smaller subscriptions; and the Secretary OF the
Treasury shall Tx the Compeusations Of the public
Officers others designated for receiving said sub
scriptons; Provided, That, for performing this or
any other duty In connection with this Hef no COM
pensatiOn for services rendered shall be AoWrd Or
paid to any public Ofcer whose salary tx established
by law; AID the secretary of the Treasury may also
make such other TueE and regulations ~ he may
deem e&pedtnt touching the instaiuebt 70 be paid
on any subscription At the time Of subscribing, and
further paymenta by inAtam6Rts or otherwise, and
penalties for non-pNymsut Of any instalment- and
also CONCERNING the receipt, deposit and safe keep
ing Of money received rnm such subscriptions until
the aame DO placed in the Possession Of official
depositores Of the Treasury, any law laws 10 the
the Treasury & aisa authorized, II he shall deem 1t
expedieht before opening books Vi subscription rs
above provided, TO exchange for coin or pay for
public dues or for Treasury notes OF the issue Of
tWenty-third Of December, eighteen hundTel and
hly.scven and falling due on the thiTieih Of June,
\ eighteen hundred and dxtyone. or for Treasury
notes issued and taken In exchange for such notes
any amount Of said Treasury notes for my dollars
| or upwards not exceeding one hundred millions Of
| sec 1. And be 1t further enacted. That, before
awarding any portion Of the lOan In bonds author
deem Il advisable to Issue proposals for the came In
the Uptel States, shall give not less than fiteen
days public notice In two or more OF the public
newspapers Ia the city Of Washington, aud IA such
other places II tho United States as he may deem
advisable designating the amount Of such loan the
place aud tho time up 70 which seSe proposals will
be received for the se the periods for The payment
aud the amount Of each instalmeut In which Il Is
to be paid aud tho penalty for the no6-paynient OF
nny Aueli instruments and when and where such pro-
posals shall be opaned IN the presence OF Aueh per-
n he may choose to attend; and the Secretary
Of the Treasury e authorized to accept the mot ia
yorAbls proposals. offered BY responsible bidders:
Provided, That NJ oer shall be accepted at LEES than
par.
tary Of the Treasury may, II h0 deem Il advisable,
negotiate any portion Of said loan, not exceeding
coo hundred milHonSof dollars Ia any fTeigh cum
try, and payable a. any delegated plaee either in
the United States or in Europe and may isue regis-
tered coupon bonds for the amount Thus nesutia-
interest payable semiAnnpaly, either 10 The United
States a. any designated place In Europe; and he
s further authorized 10 appoint such agent agents
~ he may deem necessary fr Negotiating such loan
under HE Instructions and for paying the interest
on the SAME, and to fix the compensation Of such
agent or agents, and shall prescribe 20 them al the
rules regulations aud modes under which such loan
shAl be negotiated, and shall have power to fx the
nate Of exchange at which the principal ahAll be
Change for the payment OF the principal and inter-
I est in Europe shall ls az the same rate.
! Sec. .. Aud Be tt further enacted, That Whenever
any Treasury notes OF denomination less than MY
doars authorized 70 Be Issued by this act shall have
roisue the same, Cr may cancel them and issue new
Eotes to an equal amount: Provided, That the as.
gregAte amount Of bonds and Treasury notes Issued
nhder the sotng OF this act ahai never
exeeed the ftl amount authorized By the hrst SC
ton Of thB bet: and the power TO issue or reissue
Sueh not sha eelss and dsterina Aller the thirty.
hrst OF December, eighteen hundred and sixty-tWo-
Sec. Z And b Il further enacted, That the seerc-
taEy Of the Treasury & hereby authorized whenever
he shall deem it eXpedeut 70 Issue In exchange for
eoin, in payment Tor public dues Treasury notes
o. any Of the determinations heTenbefore specified,
bearing interest not rNoeelinE SIX per eenfum per
/ annum, ana payable NJ any time not exceeding
twelve months from date provided that the anAoGnt
u notes % iasued or raid sliall At no time sxseOd
| IWuuty mllliona OF dailhTl, lf=rs M
sec g. And b u fiTther enacted. That the Seere-
taTy Of the Treasury 6hAu report 70 CongFe-a imme
diatSly after the committeeman % the next slSion.
tho amount Be- h9l boFFug "a uhdaf The prdNsi1ul %
thia aet q whom, and on what terms, with An alb
stTaet o. AL The proposals. designating those that
have beeu accepted and tkOse THAI have beeu re L
81 and the amount a bln1s or Treasury that
have been issued foF the SANE.
Sc g Add ~ it further uuAeieti, That the e,ith
q the unted States e heftby a1ianhfy pielgd lsr
2 the taN nent otthe Interest md reJemption o. the
panaPal ef the ban apihoriEei by thh. aef--ss-