Delaware State journal and statesman. [volume] (Wilmington, Del.) 1855-1870, 1861-07-26

pAymaster or assistant pay master and when ich office
shall become vacant by death or otherwise In ships at
sea or foreign statOnl the Pacific coast OF the
United States the senior officer present may make an act
ing appointment any ht person to perform the duties
until another paymasier assistant paymaser shall
port for duty Any person performing the duties 81 pay
master assistant paymAster In accordance with THIS
section but oiherwse) shall be entitled to receive the
pay f such grade whilst 80 acting.
pAymaser SHALL upon his appointment enter into bonds
In Of ten thousand dollars with at least two
OF his duties, that assistant paymastes shall have
rank and precedence with assistant surgeons not passed
and that all appointments to MI vacancies IN the corps o.
paymasters shall be made by regular promotion from tho
list Of assistant pas masters.
Sec. 6. And lie II further enacted, That within Elk
months after the expiration of the present nsurrecton
the corps OF pAymasers aud assistant paymasters shall
be reduced to the number of yhVe in the whole.
Approved, July H. 1861.
tPUBLIc-No.
AN ACT to authorize National Loan and for other
purposes,
BE Henaeied blythe Senate and HoMef Representatives
Of the United States Of America IN Congress dssembied,
That tho Secretary Treasury be aud he ia hereby
authorized to borrow the credit OF the United btates
not exceeding two hundred and hfty millions Of dollars,
much thereof he may deem necessary Tor the
public SERVICE for which he is authorized to sus coupon
bonds registered bonds, treasury notes. In hu
proportions Of each he deem advisable; the bonds
10 bear Interest not exceeding cent per annum
payable semiannuay, irredeemable Tor twenty years,
and period edeemable at the pleasure of the
United States and the Treasury notes to be Of any de-
nomination dxed by the Secretary Of the Treasury not
less than my dollars and to be payable three years after
date with interest at the rate OF seven and threetenths
per eenum per Annum payable semi-annually. And the
Secretary OF the Treasury also Issue in exchange for
coin and part OF the above loan OF may pay for salar
les other dues from the United States Treasury les
Of less denomination than fifty dollars, not bearing in
teeat but payable demand by the Assistant Tfesur-
eA Of the United stAtcs at PHILADELPHIA New YORK; or
Boston, Treasury bearing interest at the rate Of
three sixty live hundredhs per centun, payable ia
from date, and exehangeable at any time for
Treasury notes for fifty dollars and upwards, tssuRbe
under the authority Of this act and bearing interest
specified above; Provided That no exchange of such
all
be made at any time And provided tarer That no
Treasury notes shall DO issued Of less denomination than
dollars aud that the whole amount OF Treasury notes
not bearing Interest," issued under the authority Of this
act, shall not exceed 6fy millions Of dollars.
Sec q And De Il further cndcfed That the Treasury
notes and bonds issued under the provisions of this act
shall be signed by the First Second Comptroller or the
Register Of the Treasury, and couutersgned by such other
officer ocers of the Treasury the Secretary of the
Treasury may deslgnatei and all such obligations ofthe
denomination Of y dollars and upwards shall be issued
under the teal Of the Treasury Department The regis
tered bonds shall be ranerabe tina books of the Tres
sury delivery of the certificate and the coupon bonds
Treasury notes shall be- transferable by delivery
The interest coupons may be Lgned by such person
persons executed in such manner, may be designa
ted by the Secretary of the Treasury, who shall fix the
compensation for tue same.
Sec o. And De further epaciei, That the Secretary of
the Treasury shall books to be opened for subscp
ton to the Tussury notes Tor nifty dollars and upwards
such places he may designate in the United States
and under such rules and regulations he may prescribe
10 be hupernsnded by the assistant Of the
United States their respective localities and at other
sons ~ lie may designate notice thereof being given in at
least two daily papers Of this ety and in one or more
public newspapers published In the several places where
subscription books may be opened and subscriptions
such notes may be received from all persons who may
dere 10 subsefbe any law to the contrary nowthstpd
ing; and If larger amount shall be subscribed In III,
aggregate than Is required at one time the Secretary
the reasury ID to receive the same houd h,
deem IL advantage the public Interest," II not
he shall accept the amount required by giving the
ference to the smaller subscrpons and the Secretary
the Treasury shall fix the compensatons Of the public
officers others designated for receiving said subscrp
ons If0pided That for performing this any other
| Ear
vices rendered shall be allowed paid any public
ofcer whose salary Is established by laws and be seert
ary Treasury may also make such other rules aud
regulations he may deem expedent touching the in
stament to DO paid on any subscription At the time
subscribing, and further payments by instruments Oh
otherwise and penalties for nonpayment Of any Install
men and also concerning the receipt Deposit and SAT-
keeping money received from such subscriptions unit
the be placed in the possession Of official de
postAres Of the Treasury any law laws to the
sury also authorized 1t he shall deem 1t expedient
before opening books Of subscription above provided
notes of the Of tWenythird OF December elghee
hundred and and falling due the thirtle
of June, eighteen hundred and sxtyone, for Treasu
issued aud taken in exchange for such notes. an
amount OF said Treasury notes for nifty dollars upward
not exceeding one hundred millions Of dollars.
&c., L. and be il further enacted That, before awardin
portion of the loan in bonds authorized by this
Issue proposals for the in the United States shAl
give not less than fifteen days public notice 10 two
OF the public newspapers In the city Of Washington
deem advisable designating the amount OF such loan, Ia
place and the time up TO which scaled proposals will l
received for the same the periods for the payment an
the OF each nsalnent In which is to be- pS
the penalty for the non-payment of any such insa
. ments, and when and where such proposals shall /
opsned 10 the presence Of such he may choo
to attend and the Secretary OF the Treasury authorize
TO accept favorable proposals offered by espont
BILE bidders Prouidcd That NO offer shall be accepted
i see ani be IL further enacied That the Secretary
the Treasury may, II he deem advisable negotiate
portion OF said Loan net exceeding one hundred millo
Of dollars In any foreign country, payable at
IS designated place. either the United EuroI
and may issue registered or coupon bond for the
10 bearing interest payable semi annually, either In
* United States any designated place in EurOpe
ls he is further authorized TO appoint such agent
he may deem necessary for negotiating such loan und
his Instructions, and for paying the interest the
e and TO Tx the compensation Of such agent or agents. al
M shall prescribe to them all the rules regulations al
b. modes under which such loan shall be negotiated Al
shall have to fix tho rate of exchange at which
no principal shall be received from the contractors for
an aud the exchange for the payment Of the princl
ct and interest IN Europe shall be at the same rate
Nv Sec o. And be il further enacted, That whenever
be Treasury notes. OF denomination less than fifty dolls
he authorized to be issued by this act shall have been
deemed the Secretary of the Treasury may reissue
same or may cancel them and issue new notes to co
amount Provided That the aggregate amount Of Dol
and Treasury notes Issued under the foregoing proya
Of this act shall never exceed the full amount authorl
by the first section of this ac and the power to issue
W. reissue such shall and determine after
lief hiyrst Of December eighteen hundred and aixtyt
of Bee T. And be IL further enacted, THAT the Secretary
re shall deem il expedont in exchange eoin
In payment for public dues Treasury notes Of any Of
nal
exceeding six per cenum per annum, aud payable
I'm any time not exceeding twelve monthe from date, pro,
US ed that the amount Of notes issued or paid shall at
,av time exceed twenty millions Of dollars.
~ Sec 8. and be further enaced That the secretAr,
tut the Treasury shall report TO Congress, immediately
the commencement OF the next session. the amount he
M borrowed under the provisions Of this act of whom,
IN on what terms, with abstract Of all the propos
designating those that have been accepted and those
al have been rejected and the amount Of bonds or Treas
Iii notes that have been issued for the same.
Sec .. and be il further enacted, That the faith Of
United States is hereby solemny pledged for the payn
of the interest and redemption Of the principal of the
To- authorized by this act
Sec. TO- Aid be ii further enacted, That all the pr
on tons OF the entitled An act to authorize the
Treasury notes. approved the 23d day of December
M far the may be applied to the proyB
Of this act and not inconsistent Herewith, hereby
VI Tived or re-enaeted.
i've Sec II. And be further enacted That to defrAl
all the expenses that attend the execution OF this
~ the sum OF two hundred thousand dollars, N
W. thereof may be necessary be and the same Is bel
hat appropriated be paid out Of money in the Trea
not otherwise appropriated.
Approved, July II, 1891.