Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-11-04

list Of assistant paymasters.
Sec 6. And lie it further enacted. That within six
months after the piratgn of the present nsrrrcc
tiun the corps of paymasters and assistant IaymRs
shall be reduced to the number of seventy-hve
in the whole.
Approved, July Il, 1861.
[PuBuc-No. 81
AN ACT to authorize a National Loan and for
other purposes.
Be il enacted by tue Senate and House Of Repre-
seutaiyes of the United States Of America in Con-
gr,ss ascent led That the Secretary Of the Treasury
be and he Is hereby authorized 10 borrow, on the
credit of the United States, within twelve months
from the passage Of this sum not exceeding
two hundred and fifty millions Of dollars. OF much
thereof as he may deem necessary for the public ser
vice, for which lac is authorized 10 issue coupon
bonds or registered bonds Treasury notes in such
proportions Of each A. he may deem advisable; the
bonds hear interest not exceeding seven per cent
per aunum, payable semi-Aunually irredcemab!c Tor
twenty years. and after that period redecmable at
the pleasure Of the United States; and the Treasury
notes 10 he # any denomination fixed 10y the Secre
tEry Of The Treasury not less than fifty dollars and
TO be payable three years after date with interest
the Cfseven and three-tenths per centurH per
aunuIr. payable seni-annuaily: And the Secretary
If the Treasury may also issue in exchange for coin
aud part Of the above loan. or may pay for salaries
- otl-r from the United states. Treasury notes
less denomination than fifty dollars, not bearing
1 interest. hut payable demand by the Assistant
TTestsTers Of the United States at Philadelphia New
FORK OF I}os;on, Treasury uotes bearing interest
AT tile Of three and sixty-ive hundredths per
ccutrm. payable ia one year from date aud eNclnnE-
: and upwaIds. iSEuable under the authority Of THIS
act. and bearing interest specified above: FruVi-
iei. That no exchange nf such notes in any less
amount than hundred dollars shall be made at
any one time: And provided further. That 10
Treasury notes shall he >sued of less denomination
I than ten dollars, and that the whole amount 81
Treasury notes, nntbeIrn interest issued under tile
authority Of this act. shall not exceed fifty millions
! Of dollars.
I Sec. . And he it further enacted That the Urea
st.Ty aud bonds issued under the provisions of
this shall be signed by the First or second Comp
flrts
signed by =Uch other oireF officers of the Treas
ury ,s tile Secretary the Treasury may designate:
and all such obligations. of the denomination 81 fifty
dollars and upwards shall lie issued under the sea!
Of the Treasury Department. The registered bonds
/ sIIl lie transferable Oh the hooks Of the Treasury
On delivery Of the certificate ani TIE coupon bonds
and Treasury shall be transferable Oh delivery.
The interest coupons may be signed by such person
OF persons. utcd in such manner. may be
! designated by the Secretary Of the Treasury, who
shall fix the compensation for the same.
Sec 3. And he II further enacted. That the Score.
tary Of the Treasury shall cause books to he opened
tor subscription to the Treasury notes for fifty dol
lars and upwards, ruch places he may designate
in the United States. and under such rules and Tegu
lHtvns he may prescribe. 10 he superintended by
the assistant Of the United States at their
respective localities and at other places by such de
lostOries, pnstmnsers- and other persons as e may
designate. notice thereof being given in at least two
daily papers Of this city aud in more public
NEWSPAPERS published ia the several places where
subscription bnUksmay beOpcncd; and subscriptions
for such notes may he received from all persons VIII"
may desire subscribe any law to the contrary not
scrbed in the aggregate than is required at one Time
the Secretary Of the Treasury is authorized TO re-
ceive the game, should he deem it advantageous 10
the public Interest," and if not. he shall accept the
amount required by giving the preference TO the
| smaller subscriptions and the Secretary Of the
Treasury shall fix the conpen a;inIs of the public
officers or others designated for receiving said sub
sCriptIons: Provided That, for performing this
any other lufy in connection with this act,
pensaton for services rendered shall be allowed
paid to any public officer whose salary is established
ly law; aud the Secretary e he Treasury may also
deem eXpedent touching tho instalmcnt to be paid
on any subscription the time Of subscribing, and
further payments by instalments otherwise, and
penalties Tor non-phytncnt ot any instaImeni. 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 official
Repositories Of the Treasury, any law laws To the
contrary Notwithstanding. And the Secretary Of
the Treasury is also authorized, il lie shall deem il
expcdient, before opening books Of subscription as
above provided, to exchange for coin pay for
public dues or for Treasury notes Of the issUe uf
twcnty -third Of December, eighteen hundred and
iftysevcn. and falling due on the thirtcih uf June
eighteen hundred and sixty-Onc- 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
dollar.
Sec. /. Aud be it further enacted. That. before
awarding any portion Of the loan in bonds author
lied by this act the Secretary Of the Treasury il he
deem It advisable proposals for the in
the Uuited States, shall give not less than fftecn
days public notice In two or more Of the public
newspapers in the city Of Washington, aud in such
advisable designating the amount Of such loan. the
place and the time up to which sealed proposals will
he received for the zane, tic periods for the payment
and the amount of each lnstalment in which it is
to be paid and tho penalty for the nUn-payment of
any such instruments, and when and where such pro-
pOeals shall be opened in the presence Of such per-
sons he may choose TO attend; and the Secretary
Of the Treasury is authorized accept the
vorHble proposals offered by responsible bidders
Provided, That offer sha be accepted at less than
Sec 6. And be it further enacted, That the Secro-
az fhr TFnnE ma hR Ianu ndr I,la
negotiate any portion Of said loan not exceeding
one hundred millions Of dOllars in any foreign
try, and payable at any designated place, either in
the United States or in Europe and may issue regis
tered coupon bonds for the amount thus ncSotia-
ted agrecably to tho provsIons Of this nc bearing
interest payable HcmiannuHlly, either in the United
states at any designated place In Europe; and ln
10 further authorized to appoint such agent agents
as he m9Y deem necessary for negotiating such loan
under his instructions, and for paying the interest
IN the same, and 10 FIX the compensation of such
agent or agents, and shall prescribe 10 them all tbs
rules regulations and modes under which such loan
shall be negotiated, and shall haze power 10 tx tho
rate of exchange at which the principal shall be
ceived FROM the contractors for the loan and tho
eat in Europe shall be ut the same rate.
Sec. @. And be It further enacted, That whenever
my Treasury notes, OF denomination lcss than tY
dollars authorized IN DO Issued by this shall have
been redeemed, tho Secretary Of tho Treasury may
reissue the same. or cancel them and issue new
notes TO equal amount; Provided, That tho ag-
gregate amount Of bonds and Treasury notes issued
under tho foregoing provisions Of this act shall
exceed tho full amount authorized by the first sec
ton Of this acti and the power to issue reissue
such not ysbell cease and deternS afer the thirty
fTat ot December, eighteen hundred and sixty-two.
Sec. 2. And be Il further enacted That the Eecre-
Hry Of the Treasury ID hereby authorized, whenever
no shall deem Il tGpedent 10 issue in exchange for
coin Or IN payment for public dues, Treasury notcs
~ any Of The denominations hsreinbeiore specified,
bearing interest mol exceeding six per Ceufuu per
annum, and payable at any time not exceeding
twelve months from date provided that the Ruu,Ipf
Of notes 60 Issued or paid shall at no time exceed
twenty millions Of doarg.
q And "A rnPtbsr apNrAn5 That tta r,,..
tATy ~ the Treasury shall report to Congress inms
diatuy afeT the commencement Of tho next session.
thS NbiOunt hs hes borrowed uer the proyiEions OF
dis Aet, Of whom, and on what terms with an Rb.
StTaet Of all the proposals., designating those that
have been accepted aud those thar have been reject
%, end THE amount Of bonds or Treasury notes That