Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1862-01-10


months after the expiration OF the present InsuTreo
tiOn the corps Of paynAstera and assistant paymaS
teFS Ahal be reduced to the number Of seY6nty-tvS
In the whole.
Approved, July IL, 1861.
IPUBrc-No. 81
AN ACT to authorize National Loan and for
other purposes.
Be It enacted by the seuntc and House Of Repre-
sentNtiYcs Of the United States Of America In Com
grea assembled, That the Secretary OF the Treasury
DC and he Is hereby authorized to borrow, on tho
credit Of the United States within twelve montia
from the passage Of this net, a sum not exceeding
two hundred and fifty millions Of dollars or so much
thereof Us lie may deem necessary for the public SER
vice, for which he Is authorized to Issue coupon
bOuds OrTeElStered bonds, Treasury notes In such
proportions Of each as he may deem advisable: the
bonds to bear interest not exceeding per
per nnnun, payable seInianuually, iFredeemnbo for
twenty years and AFTER tlHt period redeemRGle at
the pleasure OF the United States and tho Treasury
notes to bO Of any denomination fixed by the SecrS-
tnry Of the Treasury, not less than MY dollars and
to be payable three years Ntter date, with interest
nj tile rate OF seven and thTcetcnths per centu per
annuns, payable semInnnRally. And the Secretary
Of Tho Treasury may also issue in exchange for colin
AMI as part OF the above luAn pay tor salaries
or other dues frum tile United States, Treasury uotos
Of less denomination than hity dollars not bearing
interest, but payable on demand by the Assistant
IresureEs OF the United States At Philadelphia New
York OF Doston, or Treasury notes bearing interest
At the rate Of three aud sixty.iVe hundredtls peF
able Mt my time for Treasury notes hity dollars
aud upwards issuable under this authority OF this
act and bearing interest az specified above: prOVi
ded, That no exchange Of such notes In any less
amount Than one hundred dollars shall be made at
any one times: Aud provided further. That no
Treasury notes shall 10 issued of less determination
than ten dollars, and that the whole amount Of
Treasury notes. not bearing interest," Issued under the
authority OF this act, shall not exceed fifty millions
Soc. 2. Andl 1t further enacted, That the Trca-
GuFy notes and bonds Issued under the provisions of
thts act shall be signed BY the First or Second Comp
dghed by such other officer or officers of the Treas
ur as tho Secretary OF the Treasury may designate;
and all such obligations, OF the denomination Of fifty
dollars and upwards, shall be Issued under the seal
OF the Treasury Department.. Tho registered bonds
shall 10 transferable ON the books Of tho Treasury
on delivery Of tho certificates aud the coupon bonds
and Treasury netes sall be transferable oi delivery.
The interest coupons may DO signed by such peTS0n
or persons, or executed In such manner, " may be
designated by the Secretary OF tho TREASURY Who
hlall fix the compensation for the same.
Sec. - Aud be it further enacted, That the SecTc-
tAry OF tile TroahuEy shall cause books TO be opened
for subscription to the Treasury notes for hEy dol
lars and upwards at such places ~ hA may designate
In the United Stntes and under such rules and Fos-
lAlIOng as he NAV nregcTbn 10 le IN,
tc assistant trCIuTcTB Of tho United stntCs at their
respective localities aud at other places by such de-
IOsitortes, ppstmaAters and other persons he may
Designate notice thereof being given In ut least tWO
daily IRpers of this city, and In one or more public
newspapers published in tic several places where
subscription bOOkHnay be 0Poned and subscriptions
for such notes may be received from all persons who
may desire to subscribe my law to eeontTnry not
WlllAtanuing; and II n larger amount shall be gnl-
seTibcd ia the aggregate than Is required at time
the Secretary OF the Treasury is authorized to r0
CciVo the same, shuull V deem IL ADVANTAGEOUS to
tho public interest; and II not no shall ascent III,
amount required by giving the preference to the
smaller subscriptions; aud the Secretary OF the
Treasury shall fix the COnpeusatfons OF tho public
officers others designated for receiving said sub
scriptinns: Provided, That, for performing this or
Any other duty In cOnneXion with this act, com.
pensAtOn for services rendered slAll bG allow I'd or
paid to any public officer whose salary IL established,
by law; and tho Secretary g he Treasury may also
deem 0XIetiieht touching thu, instRlment raid
on any subscription at tho time Of subscribing and
further Payments by tnstnlmeAtA or otherwise, and
penalties for nOn-payment Of any instnlment, and
also concerning the receipt, deposit, anil EafC kceI
ing OF money received from such subscriptions until
the same can be placed In the possession Of official
drpoaitoTiea OF the Treasury any law laws to the
contrary notwithstanding. And tho Secretary of
the Treasury Is also authorized ifhs Alal deem It
eXpedtent before opening books OF subscription as
above provided, to exchange for coin or nay for
public dues for Treasury notes Of tie issue Of
tw1nty-thlEd Of December, eighteen hundred and
hty-seVcn and falling due on the thirtielh Of June
eighteen hundred and nfXty-une, or for TreRsurv
mites issued and taken in exchange for such notos
any amount OF said Treasury notes for MY dollars
or upwards not exceeding ono hundred millions Of
src. !. And DO IT further enacted. That. before
aWslniing any portion of the loan In bonds author
ed by this act, the Secretary OF the Treasury IL he
deem u advisable TO issue proposals. for the same In
the United States, sltall give not lcss than lecn
days public notice In two or more of the public
newspapers In the city OF Washington, and In such
other places OF the United States as hS may deem
place and the time mp to which sealed prGposls viii
be received for the same, the periods for the payment
and the amount Of each instAiment In which Il 10
to DO paid and tho penalty for the nOn.payment Of
any such instAiment6, and when and where Stlc TrO
PGsals shall be opened In the presence of such per-
sons a. he may choose TO attend; md the Secretary
OF the Treasury Is authorized to accept the most "a.
TOFable proposals. 0feTed by responsible bidders:
Provided That offer shalt be accepted At les than
par.
Sec. 5. And be It further enacted, That the secre-
tary of the Treasury may II he deem Il adyisIilS
NJ sal liar
one hundred millions Of dollars In any IeIRn rlrn.
ty and payable at any designated place, either In
tered or coupon bonds for the amount thus heoffa.
ted Rgreeably to the provisions Of this act bearing
interest payable semiannnaly either in the United
States or At any designated place in Europe; and he
further authorized to appoint such agent or Rrens
g ne may deem necessary tnr negotiating such loan
under his inStTucttons aui for paying the interest
on the EamO, and to hx the Compensation of gncl,
agent or agents, and Ehall prescribe to them NJ to
rules, regulations and modes under which S1eb iSI,
shall be negotiated and shall have pover 10 AZ IN
nate Of exchange At which the principal shall 81 ID.
eetved from the eoutEAetoES r the loan and the e.
change Tor the payment Of the principal and inter.
est in Europe shall be 1t the same rate
Sec. 8. And be II further enacted, That vhsnsVer
any Treasury notes Of denomination less than 6fty
dollars authorized TO he ts5ned by this act shall have
been redeemed, the Secretary Of the Treasury NAV
reissue the salnc or may cancel them and Issue new
notes to IN equal amount: Provided, That the a..
GregAf0 amount Of bonds and Treasury Ots5 IGssSI
under the resoing provisions this act sha never
exceed the fun amount authorized by the aFsf SO
tfon Of this acts and the power to Issue or reissue
such not shan eeASe and determine amer the thIrtS
hrst Of December, eighteen hundred and Eixty.tvo
Sec And be Il further enacted, That the SScr6-
taEy OF tho Treasury IL hereby authorised whenever
he AhAu deem 1t eTpedent, TO issue In exchange for
ecn OF IN payment for Public dues, Treasury notes
o. any Of the denominations herOinhefoTe Speefed
bearing interest not exceeding Gix per cenfnu1 naT
annum, and payable At any time not exeeedin1
twelve months from date, provided that the arounf
Of notes % t1ued or Paid ShRu At no time excesi
tUoutY millions Of dotlarE
Sex. 9, And b Il further enacted, That the secrs
taFy Of the Treasury shall report to COnEres iTiIS
1iAte4y amer the commencement Of tho next liolI
the amount he has borrowed under TIE pFCTfSonS ~
his eet3 o. WHOM and on what teEnns With - ~,
5tFAct Of Al the proposals. designating thoSo tbSA
have been accepted aud thGS that have been reieef
- and The AAO1nt Of bonds Or Treasury notes 80
have been Issued fF the GlIiO,
- s. Ard 6oit further enaeted That the tlith
y ne gnitS4 Stases e heEsby Ilenly Rlsdg3 for