Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-09-28

dance with ihs section (but mot otherwise shall be
entitled to receive Che pay Of such grade whilst 90
Sec. s. And he It further enacted, That each as
siStant paymaSteF sha upon his appointment, enter
inta bonds In the amount Of ten thousand doLaIs,
with ut Least two good and Sufficient securities for
the faithful performance Of his duties, and that az
aistant paymalteTH shGll have rank and Preeedsnee
roIntulsnts 10 III vacancies In the corps Of paymas
ters shall be made by regular promotion from the
list Of assistant payuaaters. -.
Sec 6 And be it further enacted That within ak
months after the expiration Of the present insuTrec-
tion the corps a. paynastera and assistant TayIlas
ters shall be reduced to the number Of seyentyiEe
% A spT Sts. July IL. 1881.
fPuBI0-NO. 81
AN ACT to authorize National Loan and for
other purposes.
BE It enacted by tue Senate aud House Of Repre-
sentativ e Of the United states OF America Ia Con-
grs,s assembled That the Secretary Of the Treasury
be and he Is hereby auihOTtEei g borrow, ON me
from the passage Of this act, sum not exceeding
two hundred and nfty millions OF dollars, or 30 much
thereof he may deem Necessary for the public ser
vice for which he Is authorised 10 issue coupon
bonds registered bonds Treasury notes, in such
proportions Of each as lac may deem adTiSabiej the
bonds bear inteTest not exceeding seven per cent
ueF nnnnm payable semi-annually, iTredeemabie Tor
twenty years, and amer that period redesmRble Rt
the pleasure OF the Unted States; aud the Treasury
notes to he Of any denomination hxed By the Secre
tAry Of the Treasury not less than ty dollars, and
10 be payable three years Atter date, with interest
NJ the rate ofseyen and threetetis per eentum per
aunun,, payable sami-anHuAlly. And the Secretary
Of the Treasury may also issue In exchange for coin
and nj part Of the above loan, may pay Tor SALARIES
other dues from the United States Treasury notes
OF less denomination than my dollars not bearing
intFToSt, but payable on demand By the Assistant
Treasnrers Of the United States ut philadelphia, New
York Boston, or Treasury notes bearing interest
at the rate of three and stxty-hye hundredths per
eentutn payable In one year from date, and exehang
able any time for Treasury notes for nifty dollars
nj
act aud bearing interest as specified above: ProV-
ded, That no exchange Of such notes In any less
amount than one hundred dollars shall be made at
any one time: And provided further, That no
Treasury notes shall lie issued Of less denomination
than ten dollars, and that the whole amount Of
Treasury notes. not bearing interest, ssed under the
authority Of this act, shall not exceed my millions
Of dbllArs
Sec. . And be It further enacted, That the Trea-
sury notes and bonds Issued under the provisions Of
this act shall be signed by the Pirst or Second Comp
trolleT the Register OF the Treasury, and counter
signed by such other officer officers Of the Treas
ufy the Secretary Of the Treasury nny designate
and all such obligations Of the denomination Of nifty
dollars and upWrLs, shall be Issued under the seal
Of the Treasury Department Tie EsEi,sseEsd bonds
on delivery OF the certificate, and the coupon bonds
and Treasury notes shall be transferable delivery.
The Interest coupons may DO signed by such person
or persons or executed In suelI manner, may be
designated by the Secretary Of the Treasury, who
shnll TX the compensation for the same.
Sec. .. And DO Il further enacted That the Secre-
tary OF the Treasury shall books to 10 opened
f1r subscription 70 the Treasury notes for any dol
lars and upwards at such places ~ he may designate
In the United States and under such rules and Teu
lRtions he may prescribe, to be supeFintended by
the assistant treasureTs Of the United States At their
respective localities and ut other places BY such de
p0sitOries pOsmRsteTs, and other persons be may
designate, notice thereof being given in at least two
daily papers OF this city, and IN more public
newspapers published In the several places where
subscription books may be opened; and subscriptions
for such notes may be received from all persons who
may desire to subscribe, any law to the contrary not
H. Il. bali
scrbed In tho aggregate than Is required ut one time
the Secretary Of the Treasury is authorized TO
eeiye tue same, should he deem i 9dI1ntageous 60
amount required by giving the preference TO the
smaller subscriptions; and tho Secretary OF the
oaictrs Or others designated for receiving said sub
scTptons Provided, That, for performing this or
any other duty In eonnoxiOn with this act no com
penslti0n for BerViees rendered shall be allowed or
paid to any public officer Whose salary is established
by law; aud the Secretary he Treasury may also
make such other rules ar equations rs he may
deem o8pediont touching thu instnlmcnt to he paid
on any subscription at the time Of subscribing, and
further payments by instruments or otherwise, and
penalties for nOn-paynient Of any instalment, and
Ing Of money received from such subscriptions until
the sRine be placed in the possession of official
Repositories Of the Treasury, any law or laws to the
contrary Notwithstanding. Aud the Secretary OF
the Treasury II also authorized, II he shall deem II
eSpedient, before opening books OF subscription ~
ab0ve provided, 20 exchange TOR coin or pay for
public dues or FOR Treastiy notes Of the issue Of
tWsnty-thifd Of December, eighteen hundred and
ftyscTGn, and falling due the thlrteth Of June,
eighteen hundred and Eixty-one, or for Treasury
notes isued and taken In exchange for such notes,
Amy amount Of said Treasury notes for any dollars
or upwards no, exceeding one hundred millions Of
Sec. !. And be Il further enacted. That, before
awarding my portion Of the loan In bonds author
Eed by this aet the SocFetAry Of the Treasury u be
deem Il advisable to issue proposals for the sans in
the Quilted States, shall give not less than hileen
days public notice in two more Of the public
In
other places % the United States as he may deem
RdTisable designating the amount Of such loan the
place and the time up 10 which sealed proposals will
be received for the same, the periods for the payment
and the amount OF each inStalmont In which It is
20 be paid, and the penalty for the nonPayHsnt of
bny such instruments, and when undWhere snch pro-
posis shall b. opened In the presence OF such per-
sons he may choose to attend; and the Secretary
OF the Treasury Is authorised to accept the most In
vUfable proposals offered by responsible bidders !:
Provided, That offer shall be accepted At les than
par. ..t...i.
taTy Of the Treasury may, IL he deem 1t advisable
negotiate any portion Of said loan, not exeeediuE
ono hnndro millions Of dollars in any foreign eoun-
the UIel States or IN EnrDpe and may issue regis
tered coupon bonds for the amount thus negota-
ted agreoably to the provisions Of this act bearing
Interest payable somi'annually, either In the United
States OF at any designated place in Europe; and he
Is further authorized to appoint such agent agents
Under his Instructions and fof PAYING the interest
On the ENrne, aud to hN the compensation Of such
Agent OF agents, and shall prescribe to them all the
rules regulations, aud modes under which such loan
uhNn b puVttRte, and hhall have power 70 hx the
rate OF exchange 1T which the principal shan be re-
eeiVed nom the eohtrhetors for the iu and the eS-
change for the payment Of the principal and inter
eat In Europe shhn beat the same nate
Sex. Q. And Be It further enacted, That whenever
any Treasury notes. OF denomination les than nfty
dollars authorized 70 be Issued by this act shall have
been redeemed, the Secretary OF the Treasury may
retssue the same or may cancel them and issue new
notes 70 an equal amount; Provided, That the az
gregat1 amount Of bonds and Treasury hotns issued
under the t6regulng provisions Of tha act aha never
exceed the fall amount authorized by the hrst Sec
ecn 81 this act and the power 70 Issue or reissue
such not sthAl cease and determns amer the thirty
hr1t Of December, eighteen hundred and sixty-tWu.
SSe 4. And Be Il further enacted, That the Seere-
aty Of the Treasury 4 hereby authorized, whenever
he shall deem it e1pOdent, % issue IN exchange for
coin. OF y payment Tor public dues Treasury notes
Of any Of the denQminatons herelnbefore SPOcthed,
boaripE intefost not exceeding siH per Ssuiuu FER
annui6, and payable at any time not exceeding
Twelve months non date provided that the amount
a notes 60 Issued or paid nhAll At no time o8seed
nall 1irHHa az