Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1862-03-03
sJulyrlssl,
Rupnc-No. 81

terg Sh1ll be reduced to the number Of SeTsntyfVs
Approved July II, 1851.
PuBlO-No, 81
AN ACT to authorize = National Loan aud for.
other PurPoseS.
BE 1t enActed by the Senate and House Of Repre-
sentatiTes Of the United States America In Com
res8 assembled, That the Secretary OF the Treasury
be and he Z hereby authorized TO barrow, on the
from the passage Of this act,' q sum NOT exceeding
two hundred and ity millions of dollars so much
thereof a. he may deem necessary for the public ser
vice, for which he is authorized To Issue coupon
bonds or registered bonds Treasury notes in sucll
proportions Of each a. he may deem advisable; the
bonds to tear Interest not exceeding seven per cent
Per annum, payable semi-annually, ifTedsemRb fol
twenty years and AFTER that period redeemabIe at
the pleasure OF the United States; and the Treasury
notes to be Of any denomination fixed by the Secre-
taEy OF the Treasury, not lesH than my dollars and
70 10 payable three years AFTER date, with interUat
nj tile rate Ot9even and thTeetenths per centum per
anhuna, payable Eamiannunlly. And the Secretary
Of the Treasury may also issue In exchange for coin
aud Is part OF the above Loan may pay salaries
CT other dues from the United states Treasury notes
OF denomination than fifty dollars not bearing
interest," but payable on demand By. the Assistant
Treasnrers OF the United States at Philadelphia New
York or Boston, or Treasury notes bearing interest
at the rate Of three and sixty-iTs hundredths per
able at any time for Treasury NOTES Tor ftty jOIIaSs
and upwards, lssuRble under tho authority OF this
act and bearing interest As specified above: PrOrt-
del, That no exchange OF such notes in any les
amount than one hundred dollars shall 10 made at
any one time; Aud provided further, That no
notes SHAH Is Issued Of less dissemination
Treasury notes, not bearing Interest Issued under the
authority Of this act alrel not exceed my millions
Sec 2. And be it further enacted, That The 'fr,a.
EHTy notes aud bonds issued under the proyiSions Of
- ge hnel ~ the EtEst or second Comp
sgned ~ sneh other otieer or 0cers Of the Treas
my az the Secretary Of tho Treasury may designated
aud all such Obligations, Of the denomination OF nifty
dollars and upWRrds sIRll be issued under the SDSI
OF the Treasury Department. Tho registered bonds
sa4l Ne gls 9a tle books Of the Treasury
on delivery OF the eertiheate and the Coupon bonds
and Treasury notes shall be deIIVer
Tho Interest coupons may be signed by such perSoh
or persons OF eSetuted In such manner, as may be
desiSgated by the Secretary q the Treasury who
SnAll n1 the compensation for the same.-.5,a,t =
Bee. B. And be II further enacted, That the Score.
taEy o. the drSasr lhall cause books % Be opened
FOR to the Treasury notes for my dol,
lars and upwards, at such places As hR may desFnate
in tho United States and under such rules and fecti-
atiouS Is he may prescribe, to 10 superintendent jy
lOeallties and q other places BY such dc
notice thereof being given In at least two
daily papers OF this city, and IN one more public
~ w places where
bOoEA may 10 opened and subscriptions
for such notes may be received from all persons who
may desire 70 snbscbe any law TO the contrary not
sottbed IN the than g q ono time
the Secretary OF the IrEasury is authorized to 70
he public iatsse and II G not be Z, az r.
srnallor subscriptions and the Secretary Of tiii
1EeasnFy shall nX the eompeu htiona Of the public
otnseTs or others for receiving said gsps
9cnpttons: Provided, That, for performing this OF
any other duty In eonnexion with this act, mo com
Tor services rendered shall be allowed OF
by Law; ard the Secretary e he Treasury may Giso
max o. such other rules ar equations d mo smay
,dsem eGPedient touching thu instalment TO b6PaId
further Payments by instalments orothSrySise and
i penalties for non-paymeRt of any instaiment anl
also concerning the receipt deposit, and Safs keep
,hs o. money received rom such tons nlti
eeposltoEies o. the any law or laws to the
tIa And the sesfetaIy o.
49, y also a1thoElEe1, U ne shall deem II
4o9Ie pfoE1dedJ 70 exchange for colin pay for
pppno dues or Tor Treasury notes OF the Issue OIL
q December etghteen hundred and
esghteen hundred and si1tyone, or for Treasury
nOteS lsuea ana Iaken IN exchange for such notes
10y stteeSt o. slld TTsaSuFy notes for BY dollar
4 OF upwards not exceeding one hundred mIniOhS Of
uollaFa-
Gee; :. AND be 1t further enacted, That, before
awarding any portion Of tho loan IN bonds author
deem Il to issue proposals for thS same n
Sne United states Slall give not less than Afteeu
public notice In two or moro az sthH public
otbST ne fSSt Wss.hingtO5 aud In such
a9Nlsaole gasgattng the amount Of such loan tile
pAee and the time up TO which sealed proposals viii
Oe ~ the He the periods for the payment
70 % pa!dt and the penalty for the non-payment ol
any such instAimentA and when and where such urO-
II Po4A 1aag % oPeneu In the presence ofsuCh per.
i ~ ~ - Ie % 9usndt and the Serstary
Torable proposals. offered by responsible bidder
FT9Hlaeus That NJ ener shal Be accepted atle thnu
4 s::,. x Ava II. q, s,,.,,,..-..
tary ofsthA Rteasury 4REliS deem Il adyisable