Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-10-26


lance with This section Out not "therwi@) shall be
entitled to receive the ply OF such grade whilst 50
acting.
s,ttnt paymaster shall, upon his appointment, enter
INTO bonds in the amount of ten thousand dollars
with ut least two good ana sufficient securities fer
Ir faithful performance Of his duties and that
.i-tant raymt-ters shall have rank AMI precedence
with assistant Eeons not passed. aud tat all "p-
continents FIJI vacancies ia the corps 81 iaNhS
..r- hall be made by regular promotion from the
ltst Of assistant paymastcTS 49,.
ser d And be it further enacted. That withinsiN
nuatls after tho expirat of the present lnSnrrec-
lion the corps Of paymlsterS aud assistant Tayms
tors shall be reduced to the number OF se'cHty-hVe
Approved July IL, Isol.
[PuBuc-Nn. ~
AN ACT to authorize q National Loan and for
other purposes.
BE it enacted 10y the Senate and House Of Repre-
.eutitive, Ut the United states Of America iu Con
..r.s assembled That the Secretary II the Treasury
ne and he is hereby authorized 10 borrow %" tiie
credit of the United States within twelve months
ss.,n tie passage OF this act. sum not exceeding
.Nuhundrcd and fifty millions Of dollars. or So much
thereof lie may deem necessary for the pub!g ser
vice. for which he is authorized Ia issue coupon
nu,ls or registered bonds, Treasury notes III such
proportions uf each as hc may deem advisable; the
bonds 10 bear interest not exceeding seven per cent
pcr nuuum. pavahlc sUWi-Iuually. IrTc'iecWahr i"r
twenty years and after that period redeemahle al
,hc pleasure Of the United states: AMI the Treasury
notes To be OF any denomination hAtH ny 'iie Stvie
:nrv Of the Treasury. not less ti'an my dollars ana
10 he payable three years after datc. with Interest
t tho rate of seven ami thrgctcnhs per crntun per
-uuuis unrallr srlni-annJI#ly. h:.d the Secretary
tile Treasury may also issue IN exchange Tor c"i
and as mart OF the above loan or may pay tor salaries
~ other dues from the United states Treasury notes
nf less denomination than i;iy dollars mot bearing
interest. hut payable on demand lay the Assistant
Trcs,Surcys Of the United States nj philadelphia New
York or Eusiuu or Treasury notes bearing interest
Al the rate ct three and -Ntyhve iundrrdis per
cyutn, payable in one year from date. AMI "NvhaliS
able any tim" for Treasury notes Tor MY dollars
/ anil
act. and bearing interest specified above: froNI-
,.,..! That NO exchange of such notes ia any less
amount than VA" hUndrc dollars shall De made al
any time: AMI provided irrihrr THAT I"'
Treasury notes Shall hc Issued of loss denomination
/ Than ten dollars, and that the whuic amount OF
Treasury notes not bearing interest issued under the
authority Of this act shall not exceed iity millions
uf dollars.
sury notes aud bonds issued under tile provisions Of
this shall he signed by the First "r Second Comp
trplrr or the leristcr Of the Treasury and
signed by such other officer or officers Of the Treas
ury the secretary of the Treasury may designate;
and all such obligations Of Tia" denomination 81 MY
dollars and upwards. shall be issnrd under the sea-
If the Treasury Department ~" re-, tered h"liI-
shall he transferable the books "i tile Treasury
delivery of the certificate. and the coupon bonds
and Treasury notes shall hc TRANSFERABLE oh delivery
lhe interest coupons may lie signed 10y such person
or persons. executed in sucl, manner. a. may be
designated By the Secretary Of the Treasury who
shall Tx the compensation FOX the same
See 3. And be it further enacted That The Score.
ilry Of the Treasury shall cau-" hooks I" Toe opened
lars and upwards. At such places a. hc may desiti
in the United States and under such rules anu Tl!-
intions as he may prescribe to be superintendent ny
thc assistant trea-urcrs of the United States Al their
respective localities and at other places 10y such de-
po-itores, postmaster and other persons a Il" may
designate. notice thereof being gwen al al least Two
,lay papers Of this city. and IN more public
newspapers published IN the several Pares where
srhscriH,on books may heupcned: and subscriptions
Tor such notes may he received from all persons who
may desire subscribe any law 1" thccnutrnry not
withstanding: ami fa larger amount slmlt he snh
-crrd ia the aggregate than l. required At "n" time
ia" Secretary "t the treasury Is "uII'"li@.i l" r.
vcNc the saInc should he deem II advantageous IL
The public interest: and if NOT ie shall accept the
amount required 10y GIVING the preference 10 ia.
smaller subscriptions; and the secretary OF The
Treasury shall hN the corporations NJ the pubic
uilcprs others designated for receiving said sub
-criptons: Provided. That, for pariugmng this OF
any other duty i'll CnnneNi"n with this aci- II" com
peusatiUn for services rendered shall he allowed or
paid any public officer Whose salary i established
10y law; and the Secretary a he Treasury Inhy also
make such other rules equations a. he may
deem "xpe'lient touching tho in~ttlmCnt +" he paid
On any subscription at the tim" at subscribing. ana
further payments l.y iustalmtmts otherwise, and
penalties for uou-pHymcut of any in-taimeni and
as" concerning tue ItfcFr "ti"'lt' ana S'''t Keep
ing Of money received from such subscriptions unit
the he placed in the possession OF official
,crastoricS of the Treasury any law laws thu
contrary notwithstanding. And the Secretary {"
the Treasury is also authorized. lac shall deem II
rNp'iicut, bcior. opening books 81 subscription ~
above provided, to exchange for coin or pay i"l
pubic 'ueT or for Treasury notes 81 the Issue 81
iwenty-ihirl Of December, eighteen hundred and
and falling HUe lie tlIiTtcth al .lTInc
eighteen hundred nnd siNtY-"n". or Tor treasury
notes issued aud taken in exchange for SUCH notes
any of said TTea.ry notes for iiIy DOLLAR
"r upwards not exceeding one hundrcd lniiIi"hS 81
See. l. And he it further enacted, That. hcfore
awarding any portion Of the loan in bonds author
wed Icy this net the Secretary cf the Treasury. il he
'i"r it advisable to issue proposals tor the same in
the Juitui States shall give not less than fifteen
days public notice in two ur more of the public
newspapers in the city of WaslIington ard in such
other places Of the United States as he may deem
advisable, designating the amount If such loan, the
place and the time ui to which sealed proposals will
hc received for the tie periods for the payment
aud the amount Of each iustalmeTt in which it is
Ice paid. and the penalty Tor the uoU-pnymenf OF
any such instruments. and when and where such pro-
p"sals shall lie opened in the presence of such per.
.us as he may choose To attend; and the secretary
ct ilic Treasury i authorized to accept tho
ynrnhlc proposals offered 10y responsible bidders
Provided That offer shall Ice accepted at les, than
par.
Sec D. And lie it further enacted. That the Score,
itTy of the Treasury may if lac eem IL advisable
"n" hundred millions of dollars, III any foreign c"Un
Try. and payable at any designated place. either in
the United States in Europe. and may issue regis
tered ur coupon bonds for the nmouUt thus ncgotia
ted agreeaGly to the provisions of this act bearing
interest payable scmi-nnualy either in the Gnitet
States or at any designated place in Europe; and Ii
Is further authorized TO appoint such agent or agent'
s hc may deem necessary fUg negotiating such loan
under his instructions and for paying the Interest
un the came, and to fix the compensation Of suci
agent or agents. and shall prescribe 10 them all thu
Iulez. regulations and modes under which such loan
,haI he negotiated, and shall have power fix til,
rate Of exchange at which the principal shni he re-
Ceiyed from the contractors for the loan aud tile
change for the payment OF the principal and inter
est in Europe shall be at the same nate.
See. D. and hc it further enacted. That whenever
any Treasury notes of denomination less than tI
dollars authorized to hc issued by This act shall haze
heen redeemed the Secretary Of tile Treasury may
reissue the same. may cancel them and issue new
notes to an cIuai amount: Provided, That the az
;recate amount of bonds aud Treasury notes issued
under the foregoing provisions of this act shall never
exceed the full amount authorized by the first
tion Of this act; and tho power issue reissue
uCh not shall ana determine after the thirty
first of December eighteen hundred and siNty-two-
Sec :. And he il further enacted, That the Score
tary Of the Treasury Is hereby authorized Whenever
he shall deem it eNpedient, to issue IN exchange fol
coin OF IN payment for public dGcs Treasury notes
Of any of the denominations hereiubcfoTc specified
Tearing interest not exceeding six per eentum per
and af tina T,,f jfir,p