Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1862-02-19

months after the expiration OF the fnsurrsc
tiers shall be reduced to the number Of seysnty.ty.
Approved, July ", 1891.
tRUBIo-No. 81
AN ACT 70 authorize a National Loan and for
other purposes. z.Es.,, - = =,
Be It enacted by the Senate and House OF Repre-
sentAtlyss Of the United States OF America in Con-
gres assembled, That the Secretary of the Treasuy
bs and he il hereby authorized 10 borrow, en- the
credit OF the United States, within twelve months
from the passage of this act, sum mot exceeding
two hundred and dty millions Of dollars or So much
thereof as he may deem necessary for the public SER
vice, for which he Il authorized 10 isSTi 41TSSn
bonds registered bOnds Treasury notes Ia sue
proportions Of each - he may deem aaVISablO: the
bonds to bear interest not exceeding seven per cent
twenty ysnTb, and after that period redeenabIs n
the pleasure Of the United States; and the Treasury
nntes 70 9e 81 any denomination h1ed BY the Seers
t1y Of tho Treasury, not less than nifty dollars, and
to be payable three years after date with interest
nt the rate 0tseVen and threetentB per csntum per
annuml papRble aemtannuAlly. And the Secretary
VI tho Treasury may also Issue IN exchanga for coin
and as part Of the above loan, or may nay Tor
other dues from the United States Treasury DoteS
Of less Discrimination tlIan ily dollars not bearing
interest, but payable on demand by the Assistant
TrsaSuTers Of the United States at Philadelphia New
York or Boston, or TreRsury notel bearing interest
At the rate OF three and sXty-hyO hundreitls per
eeutu, payable ia year from date, and eTehanR-
abe at any time for Treasury notes for fifty dollars
aud upRatda, tasuablo under the authority Of thts
act, and bearing Interest specited above Proyf-
died. That no exchange Of such notes IN any less
amount than one hundred dollars shall lie made At
any one time: And provided further, That NO
Treasury notes shall he Issued of less denomination
than ten dollars, and that the whole amount OF
Treasury notes not bearing interest issued under the
OF dollars
Sec .. And be It further enacted, That the Urea.
snrJ notes and bonds issued under the provisions Of
this act shall be signed by the PFst or Second CtIl
tToeT or the OF the Treasury and counter
signed by sueh other otiCer officers OF tue Treas
Iry As tile Secretary OF the Treasury may designatO
aud all such obligations, Of the denomination Of nifty
dollars and upwards, Bhal be issued under tho seal
VI the Treasury Department The registered bonds
shall DO transferable on the books OF the rreaSnrv
delivery OF the certificate aud the coupo1 G0ntS
and treasury nptes shall be transferable delivery
The Interest coupons may be Signed by such person
or persons, or exetutcd In such manner, may lie
designated by tho Secretary OF the Treasury, who
shall tx the compensation for the came
Sec, s. And DO II further enacted That tia Secre.
tary Of the Treasury shall cause books to be opened
i"F subscription to tue Treasury notes for my dol
lars and upwards At such places a. ha may Designate
In the United States, and under such rules aud re-
lnttons As he may TrecJiOe to be supefintenued by
the assistant treasurer Of the United Staies ut their
respective lseaiies aud At other places by lrh de
IOsitOrss, pOatmaEteTS and other porsops Is lie may
designate notice thereof being given IN least two
daily PaPera Of this city, aud In one or more Dublc
noNbpapen published In the several places where
subscription books may beOPeued; aud subscriptions
for aueh notes may he received from all persons who
may desire TO subscribe any law the contrary not
WlthAtandinEi and II larger amount shall be sub
sGfOsd IN the than u required At time
the Secretary Ufli Treasury Is authorized to ~
ceVe tile same should he deem Il advantageous to
the public interest; and il not he shall accept the
amount required by giving tho preference to the
smaller subscriptions; and tile Secretary OF the
Treasury shall nix the conversations 81 the Dui,iir
uthcets or Others designated Tor receiving said sub
Ecrtptions: Provided That, for performing this or
any other duty In connexion with this act no com.
pensation for services rendered shall be allowed or
paid TO any public officer whose salary Is established
W laws AID the Secretary c Ne Treasury may also
make eucli other Cules ar eSuIRttOnB IN he may
deem eGpedient touching tho instRlnent to be DsiIl
on any subscription At the time OF subscribing and
further payinenta 10y instalmt nts OthergsS, aud
neuAIties Tor n0ll-payment Of any inNtnlmenl, and
also concerning the receipt, deposit anil safe Keen
ing OF money received from such subscriptions until
the HlmS DO placed in the posstsion OF ofici5I
repositories OF the Treasury any law or laws T., Tie
| contrary Notwithstanding. 4nil the Secretary ni
tue Treasury Z also authorized, Ifhe slRl deem II
SSPedehtr before opening boOEBO subscription as
above provided, To exchange for coin or nay for
public duea or for Treasury notes Of the issue Of
| tMenty-thiTd Of December, eighteen hundred and
htty-seren, and calling due on The thirti6ii f nns
eighteen hundred aud Exty-one, or for Treasury
eOLSs issued and taken in exchange for such notes
any AnlouCt OF said Treasury notes far hfty dollars
Se upwards not exeoeding one hundred millions Of
Sec. 4. And be It further enacted. That. beF,rs
awarding any portion Of the loan in bouda author-
%ed Dy THIS act the Secretary OF the Treasury II lie
aecn IL advisable TO issne proposals. Tor the same Ia
the Uuited States, shall glTS not less than fteen
'lAys public notice in two or mora OF he public
newspapers In tho city Of Warrington, andin GueIl
other places Of the United States a. lie may deem
advisable, designating the amount Of such loan tle
place aud the time up to which sealed will
oe reserved for The same the peIpp foE the payment
aud the 9monnt Of. each lnsthlment in which It l.
to be paid and the penalty for the nOn-payment OF
any snch instruments and when sud where such nro-
Pnas shall De opened in the presence OF such per-
sons az be may choose to attend; and the SecretSFy
Of the Treasury e authorized to accept the most "a
yorabls proposals offered by roSponsible BIDDER
Provided, That oef Shall be 6cesptSd Il less tLS5
| par. =
Sec. 8. And be 1t further enacted, That the s.cr.
LFy o. the Treasury may, II he deem It alvisa BILE
negotiate any portion OF said loan, not SxeeedinS
Saa hundred millions Of dollars In any areIgn cUun-
SSA - s. ia Psss; si14sE g
Iet or coupon bond8 tor tho amount thus fiegoffH.
I'd TO the provisions OF this act bearing
tnteft payable gamkannually, either Ia the Unfted
state OF ~ any designated place In EufOp1f mi M
y inrthoE authorized to appoint such aren't or 6F5s
~ ne may deem neeelsary kr negotiating such IoSn
under his tnstTuntiOnS and for paving the i6tsTet
on the tal1O, and to fG tho c6Ipens.ti0r, n S1rt
aESnt o. agents and shah prescribe to them All the
ruleas regulations and modes under which Eneb ia n
ShAl be negotiated, and SllalI have mower to 81. ~
tate q exchange at which the principal shall be 10.
change Tor the payment Of the PRINCIPAL and infSr
est In Europe Shalf be at the same 40
SO, o And be 1t tnrther enacted, That whenever
III ~ notes. % denomination less than hfty
dollars anthoEtHe 70 Be Issued by tb5 apt Gh6II have
oSen redeemed, the Secretary Of the Treasyry M
reissue the same cr may cancel them aud issue new
notes to an equal amount. PFoViaSd Tbat ~ ~,
gTegate anotnt OF bonds and Treasury noteS fSnSI
under the foreolny proyiSions o. thfS Set 5iI ss
exceed the Fan amont snthoFS. n tba ~ ~ w
ron OF this 9et and the power to issue OF rSlSsne
saeh not ahal eP4ae and determine after the thirty
ntSt OF Doee1beEs eighteen bundled and Sfx ty-tgo
see Z. Ard Be n further enacted, mat Tn Eeers-
tFy o. the Treasury e hereby authorised ylhsrsyer
ne atAA deem u oHpediont % issue IA exefanre for
e9ln OF n payment for public dne8 Treasury notes
q any o. the denominations h0Feinbsfdrs EDecieI
bearing tnt9ret not exeeoding Eix per eenfun ISsF
annum, and payable Il my time not eTeesaiSsS
twelve montkS nom date ne thS SI,iSn3
o. notes 20 glod or PAID Ghall a. no tiniS $780,
twenty miIlIous Of 5nilarS = $500 1891
Sec. s. And b e further SpSe4od That ~. g..
taFy g the Treasury phAll report to COnRro-l il5ilS
Gi1tSy afteE the commencement a. The neIt fSIign
this 90, Of whom and on What t6T1li Iffk+rr ~
SsFaet q AZ TIE pFup1llS, del those t6Sk
have ben and th0Ss thai lave hen 1900
have been nd IT tie same, - -
Sc. Q. Ard bait tiFElSdf Ib.a ~. S,,tt.
tha RAyllslt q the lneSEtSt ~ ~ ~
pt4aeipA Of IL Ian authorized b fhi5 ~
Is. 9. lla be y faEtheE enacted mat an pro