Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1862-03-13


teri and when such once shall become vacant, by
death otherwise in ships u sea or on foreI sta.
lions or on the Pacific coast Of the United States,
the senior otticer present may make acting APP
pOintment Of any ut person 20 perform the duties
until another payInhster or assistant paymasser
shall report for duty. Any person performing the
dance with this section (but not otherwise shal lie
entitled 10 receive the pay Of such grade whilst
acting.
Sec. 5. And Le It further enacted, That each as
sistHnt paymaster shall upon his appointment, enter
with at Ieaxt two good and Sufficient securities for
the faithful Performance OF his duties and that as
sistant paymasters shall have rank and precedence
with assistant sun gOors not passed. and that all up
pointments to MI vacancies in the corps Of paymRs-
tiers shall be made By regular promotion from the
list Of assistant payrnaSters. afzi57sl
Sec. q And be Il further enacted, That within six
months amer the expiration Of the present nsurrec-
ton the corps Of paymasters and assistant paymas
ter1 Ehal DO reduced 10 the number Of seventy Ave
Approved, July Il, 1861.
GPuzuc-No. 81
AN ACT to authorize National Loan and for
.sroe - other purposes.
Be It enacted by the Senate and House Of Repre-
sentattVe5 OF the United States OF America in Con-
gres assembled That the Secretary Of the Treasury
be and he Il hereby authorized to borrow, on the
credit Of the United States within twelve months
from the passage Of this act, . sum not exceeding
thereof as he may deem necessary for the public SER
vice. for which he Is authorized to issue coupon
bonds, registered bonds Treasury notes. In such
proportions Of each ~ he may deepl Advisable; the
bonds to bear interest exceeding seven per cent
per Rnnum payable Femi-annually, irTedeeniable Tor
twenty years, and amer that period redeemAbIe At
the pleasure Of the United StA;es and the Treasury
notes to be Of any denomination fixed by the Seere-
tary OF the Treasury not less than my dollars and
at the rate ofseVen aud tlreetenths per centum per
AnnuM. payable semi-annually. And the Secretary
Of the Treasury also issue in exchange coin
and rs part of the above loan may pay tor salaries
CT other dues from the United States Treasury notes
OF les denomination than my dollars not bearing
Interest, but payable demand by the Assistant
Trsasurers Of the United States at Philadelphia New
York or Boston, Treasury notes bearing interest
At the rate Of three and sixty-iVe hupdredths per
ecntum payable in one from date, and exchAng-
abe at any time for Treasury notes for fifty dollars
and upwards, issuable under The authority of this
ded, That no exchange Of such notes in any less
amount than one hundred dollars shall be made at
any one time: Aud provided further, That no
Treasury notes shall Le issued of less denomination
than ten dollars. and that the whole amount Of
Treasury notes not bearing interest Issued under the
authority Of this act shall not e1ceed fifty millions
of dollars
Sec. =. Aud be it further enacted, That the Trea-
snry notes aud bonds s<ur under the provisions OF
troiier, the Register Of the Treasury. and counter
signed by such other Officer officers Of the Treas
aud all such obligations, OF the denomination Of my
dollars and upwards, shall be issued under the seal
Of the Treasury Department. The registered bonds
slall he transferable the books of the Treasury
delivery Of the certificate and the coupon bonds
and Treasury notes =an be transferable on delivery
The Interest coupons may be signed by such person
or persons, or e1eSuttd in such manner. may be
designated by the Secretary Of the Treasury, who
shall tx the compensation for the same.
Sec ). And Oe il further ehaete. That the SeSre-
tAry Of the Treasury ehalI cause books be opened
far subscription TO the Treasury notes for ffy dol.
lars and upwards at sucli places he May designate
In the United States, and under such rules and reg-
lAtions as he may prescribe, to be supernIended by
the assistant treasurer Of the United States their
respective localities aud other places by such de-
ItaV
desgpate, notice thereof being given In at least two
daily papers OF this city, aud in public
newspapers published in the several places where
subscription books may beopened; and subscriptions
FOR such notes may be received from all persons who
may desire TO Eubscribe any Law to thee0ntrary not
vtthStanding; aud II = larger amount shall DO sub
scbed in the aESrezte than required ore time
the Secretary Of the Trsasury IS authorized TO re
cete the same, should he deem Il adTantaz eous q
the public interest; and il not he shall accept ths
amount required by giving the preference TO the
smaller subscriptions: and the Secretary Of the
Treasury shall h3 the compen,ations Of the publiC
Officers or others designated Tor receiving said sub
scriptions: Provided, That, for Performing tbs OF
any other duty in connexiou with this act, NO com
pensation for services rendered shA be allowed o,
paid to any public o1cer whose salary Is established
W law; and the Secretary G he Treasury may &sc
deem expedient touching thu, instalmeut to be ait
on any subscription at the time q subscribing and
further payments by tnstAlmsnts or otherwise, ami
penalties for non-payment Of any instalment, and
also concerning the receipt, deposit and safe keen
Ing OF money received from such subscriptions unit
/ huo bAulc Do pI1CeQ Ine Possession Otefa
Repositories Of the Treasury any law or laws to n,
contrary notwithstanding. And the SECRETARY o
the Treasury Is also authorized II he shall deem II
expedieut. before opening books OF subscription a
above provided, to exchange for coin or pay FOL
public dues or for Treasury notes of the Issue o
/ tWenty-third Of December, eighteen hundred aud
nftyseyen. and falling due the thirtieth Of june
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 dollar
| Yr upwards not exceeding one hundred millions o.
| A ln1 L.. IL
awarding any portion Of the loan in bonds author
lied by this act, the Secretary Of the Treasury n M
deem It advisable to Issue proposals for the fl
tho Uuted States, shall give not less than ffteer
1 days public notice in two or more Of the puhliS
newspapers In the city Of Washington, and in suci
other places Of the United States a. he nav jesm
advisable, Designating the amount Of such loan tht
place and the time up to which sealed proposals viii
Ne received for the same the periods for the payment
and the amount Of each tnstalment in which IL 1,
to be paid. and the penalty for the nou-paymeut q
any such instruments and when end where such pro
rosas shall be opened In the presence OF such per
sons az he may choose to attend; and the SkcretSry
OF the Treasury u authorized to accept the most a
l NorAbie proposals. offered by responsible bidders
Provided That offer shall be accepted at len thai
/ par.
Sec. s. And be IT further enacted, That the Score
taEy o. me Lressnry may, he deem it advisable
one hundred millions Of dollars In any foreign coun
ny and payable At any designated plAce, either In
tered coupon bonds for the amount thus nesofia
ted Agretably to the provisions OF this act beripr
| payAo1S efnF-Ann uAsIEs either IN the Unite
States At any designated place in Ruror: And a.
further authorized to appoint such agent or agent.
a he may deem necessary br negotiating sueh Ioal
under his Instructions and for paying The interesi
on the same, and to az the compensation OF Eucb
agent or agents and shall prescribe to them an IN
rules, regulations, and modes under which sueh ioan
shah be nogottA;ed and shall have power TO az the
rate Of exchange at which the principal shaI be re
eeiVed from the contractors Tor the loan add the I
enAngS ior the payment Of the principal and inter
| est in Europe Ahan be At the same rate.
Sec .. And be IL further enacted. That vheneye,
any Treasury notes, Of denomination Lea thMn iffy
doHArs authorized to be Issued by this act shall -
been redeemed. the Secretary Of the Treasury nay
feiaSne the same or may cancel them and issue ne;S
notes to an equal amount: Provided, That the n
greAfe amount Of bonds and Treasury notes issueSI
under the oreotng provisions Of this act shaI neVsT
exceed the ful amount authorized by the rrt -
ton Of this act; and the power to issue on rsfsu,
such moi AAu cease and deteKmirS after the thiyfV
nrst Of Deeember, eighteen hundred and sixty-tWo
See- q. And be II further enacted That The seera
seV oithe Treasury b hereby authorised Whereyes
ne AhA deem II sHpedenf, 70 taane In exehan1s foT
COIN OF IN payment for public dnea. Treasury noe.
OF any OF the Determinations herefnhekore greIf,5
II