Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-11-20

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into bonds in the amount Of ten thousand dollar.
with AZ IsAst good and sufficient seeurities
the faithful performance OF his duties and that
lsEanf payunasters shalI have rank and pEecetenrs
with assistant pons not passed and that all ai
POintments to MI vacancies IN the corps Of paytl-
tiers shall be made by regular promotion from ti'e
I list Of assistant payuIasteTs-
Sec 9. Ard be il further enacted. That within six
months after the expirat Of the prsent nsuTrer-
ton the corps Of ymAstsrs and assistant paymas
ter. shall be reduced to the number Of seventy-hve
Approved, July Il, 1851
EPUsLIc-SO- 81
An ACT to authorize National Loan and for
Other purposes
Be it enacted BY the Senate AID House Of Repre-
sentasfyes Of the United states OF America in Coz.
re-s assembled. That the Secretary Of the Treasury
be and he il hereby authorized . borrow, on the
credit Of the United States within twelve months
from the passage Of this act, sum not exceeding
hundred and nifty millions OF dollars much
thereof As he may deem Necessary for the public seq
vice. for which he Is authorized issue coupon
bonds registered bonds Treasury notes- in such
proportions Of each he may deem advisabIe= Tie
bonds to tear interest not exceeding seven per cent
per aanurl, payable ssmiannGaliy irTeieenlabir ior
the pleasure Of she United States: ard the Treasury
NOTES To be Of any denomination n1sd by the SeTG
taTy Of the Treasury, not less than my dollars, AMI
Al the OfseTen and three-tentls per eentum iE
aanum, payable seuiannually. And the Secretary
Of the Treasury may also issue in exchange for
and part Of the above loan or may pay tor slATi-
CT other dues from the United States, Treasury
Of less denomination than my dollars not beaEI
interest, but payable on demand by the Assistant
Treasurers Of the United States Philadelphia, Se
York Boston, or Treasury notes bearing interest
At the rate Of three and si1ty-hye hundFedths per
centum payable in one year from date and exchau.-
able any time for Treasury notes fifty dollars
and upvaids issuable under the authority Of thi-
and bearing interest specified above: PrUVi-
dei, That exchange Of such notes In any less
amount than one hundred dollars shall be made At
Treasury otes shall lie Issued Of less denOminatio:
than ten dollars, and that the whole amount Of
Treasury notes not bearing interest Issued under the
authority OF this act shall not exceed nifty miioI-
Of dollars
See > And be it further enacted, That the Tre,-
sury and bonds Issued under the provisions 81
this act shAl be signed by the First Second Comp!
troIeF or the Register Of the Treasury, and
signed by such other nfCeF Otcers Of the Treas
uTy the Secretary of the Treasury may designate;
and all such obligations Of the denomination Of nifty
dollars and upwards, sIa! be Issued under the se7,
OF the Treasury Department Tie registered bOnd-
shall be transferable the books Of the Treasury
on delivery Of the Certificate and the coupon bond-
and Treasury notes shall be transferable delivery
The interest coupons may be signed by such person
or persons, executed in such manner. may be
designated by the Secretary Of the Treasury, who
| shall TX the compensation for the sane
Sec. j. And be it further enactel- That the SeeEe
tary Of the Treasury shall cause books 10 be opened
br subscription to the Treasury rote5 for hfty dol
lam and upwards, such places ashs may designate
In the United states aud under such rules and rtgu
latOns rs he may prescTibe to be supersutepded by
the assistant treaiureIs Of the United states attei
respective Localities and Al other places by sueh de-
positorie postuiasters and other persons rs he usy
icsin,te Stier fbrT,f fei1t- Tiye1 In LEAST IA,
daily papers Of this city, and IN public
newspapers publisied IN the several plless where
for such may be received from all persons WIN
may desire to Subscribe any Law the contrary
seribed Ia the aggregate than Il F-gliire one time
the Secretary Of the Treasury Is authorized TO
ceiTe the same should he deem &c advantageous 10
the public Interest," and if not. be shall accept Tire
amount required by giving the preference 10 the
/ Treasury shall nx the eompensatiOns Of the public
officers others designated for receiving said sui
scriptiOus: Provided, That, for Performing this
any other duty in cOnneXion with this act
pensatiOn for services rendered shall be allowed
paid any public officer Whose salary Is estabEhrl
by Law; and the Secretary g he Treasury may airo
deem e1pedient touching tho instalment to be pail
on any subscription at the time Of subscribing and
further payments by instalment5 otherwise, AMI
penalties for nOn-payment Of any instRlmenf amt
also concerning the receipt, deposit, and safe keep
the be placed in the possession Of Official
repositories OF the Treasury any law laws to tie
the Treasury Is also authorized, II he Ghall deem il
expedient, before opening books OF subscription AZ
public dues or for Treasury notes Of the issue Of
tWenty-third Of December, eighteen hundred ami
fftyseven, and falling due on the thirteth Of Junr
eighteen hundred and sixty-one, or for Treasury
notes Issued and taken In exchange for such notes
any amount OF said Treasury notes for fifty dOIla,
dollars
Sec L And be it further enacted, That, before
awarding any portion of the loan in bonds author
lied by this act the Secretary Of the Treasury II It's
deem It advisable to Issue proposals. for the same in
the Uuited States, shall give not less than hfteeu
newspapers in the city of Washington and in sucil
other places OF the United States rs he mar deent
AdYisable designating the amount Of such loan tho
place and the time up to which sealed proposals will
be received for the the periods OE the payment
and the amount OF each Enstalment in which IL 4
to be paid and the penalty for the nOD-paY1nenr
nny such instaments, and when end where such prp-
posalB shall be opened in the presence of such per
sons as he may choose TO attend; and the Secretary
Of dFpEfG
vorable proposals offered by responsible bidder 1;
Provided, That Osr shall be accepted at lezs tina"
Sec. 8. And be it further enacted That the Secre.
tary OF the Treasury may, II he deem It advisable,
negotiate any portion OF said loan, not exceeding
one hundred millions OF dollars in any foreign eouI-
try, and payable at any designated place, either in
tered or coupon bonds Ton the amount thus neESsa-
ted agreeably to tie provisions OF this act bearing
States or Al any designated Pee In Europe; and hO
Is further authorized TO appoint sueh agent agents
Is he may deem Necessary fIr negotiating such ioau
on the same. and to TX the compensation Of such
agent agents, and shall prescribe to them all thu
rules regulations, and modes under which such loan
shall be negotiated, and shall have power to ix the
rate Of exchange at which the PRINCIPAL shall be
ceved from the contractors for the Ioan and the e1
change for the payment the principal and inter-
eat in Europe shall be at the same rate.
sec: 0. And be it further enacted, That whensyst
dollars, authorized to be Issued by this shall haI
been redeemed, the Secretary Of the Treasury ms :
notes to an equal amount; Provided, That the ar.
gregate amount Of bonds and Treasury notes Issuet
under the foregoing provisions OF this shall
GIeeed the full amount authorized by the first
tion Of this aeti and the power 70 issue or rsissuS
such not shall and determine after the thirty.
drst Of December, eighteen hundred and sixtJ-tyru
Sec :. And be Il further enacted, That the Secre
tAry Of the Treasury Is hereby authorized wheneTe
he shall deem Il eIpedisnt, 70 issus in exchange 70
coin, or IN payment for public dues Treasury note
Of any Of the denominations hereinbeEOro speeideI
bearing interest not exceeding III per cenfum Pc ,
annum, and payable At any fine not exeeedin 1
twelve months from data, provided that tho amount
twenty millions Of dollars
Sec. G. And be IL further enacted, That the Secrt
tAFy OF the Treasury EhRn report 70 Ccngrezs irat
diAtsy Rfter the cCmmeneemsnt Of the nsGt session
the amount be has borrowed under the provisions az
this set, 81 whom and on what terms, With IN a..
nrset Of al the proposals, designating those tia