Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1862-02-27


months amer the expiration OF the present insnFre
tiou the corps Of paymasteFH and assistant paymai
terJ Ahall b reduced to the number Of ssEonty-vo
Approves, July II, 1881.
IPun1c-No. 81
AN ACT to authorize National Loan ana 6Jr
no other purposes.
BE Il enacted by the Senate and HouEe Of Repre-
seutRtlVes OF the United States Of America in Con
reas assembled, That the Secretary Of the TreaSur
10 and he in hereby authorized TO borrow, on Tie
credit Of the United StRtes, within twelve months
from the passage Of this act, sum NOT exceeding
thereof a. he deem necessary for the public SER
vice, for which ho Is authorized TO issue coupon
bOudS, regatered honda Treasury notes In such
proportions OF each as lie may deem advisable; tie
bOndS to Lear Interest not exceeding seven per cent
per annum, payable semiannually, irredeemable idr
twenty years, aud amer that period redeemAbl0 at
the pleasure of the United States; and tho Treasury
notes to be Of any denomination fixed by the Seers-
tAry Of the Treasury not less than my dollars and
to he payable three years amer date with fntertt
At the rate OfseVen and threetentS Iler cent nm mar
annllils, paPable semEannuRlly. And tho Secretary
Of the Treasury may also issue in exchange for coin
and part OF the above lan or may pay Tor salaries
CT other dues from the United Sates treasury notes
Of less denomination than y dollars not bearing
interest, but payable on demand by the Assistant
Tresurers OF the United States at PHILADELPHIA New
York or Boston, or Treasury notes bearing interest
At the rate OF three aud slxty.hva hundredths per
centum, payable in one year IrUm date and eSchanK-
abe at ANY time for Tre9Sury notes Tor fifty dolaIs
and ppWG Dc, iSauabIe under tie anthorify ~ tis
net and Bearing interest % uneeRed above: pr6yi.
ded, That NO exchange of such notes in any less
amount than one hundred dollars shah be made at
any one time: And provided further, That no
Treasury notes shall be tssued 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 Tren-
anry notes aud bonds issued under the provisions OF
this act shall be signed by the First or Second Comm
trOeT or the llester Of the Treasury, and counter
signed by such other officer officers Of the Treas
NAV
and all such obligations, of the denomination Of fy
dollars and upwards, shall be Issued under tile seal
OF the Treasury Department. The registered bonds
shall 10 transferable the books Of tho Treasury
on delivery OF the certificate and the coupon bonds
and Treasury notes shall be transferable ON delivery
Tie Interest coupons may be aligned by such person
or persons, or eXeSutei in Sucl manner SE NAV be
designated by tile Secretary Of the Treasury, who
shall hS the penSation for the SAME.
Sec. g. And be It further enacted, That the secre-
ary of the Treasury shall books to be opened
tor subscription to the Treasury notes for INV dol
lars and upwards such places IA he may desiTuate
In the Uuited States aud under such rules and reE
atons ~ he may prescribe, 10 be superihtendedb by
the assistant tEeasurers OF tile United States at their
respective localities and TIT other places by such de-
lOsttories, and other persons he may
desEnate notice thereof being given In at least two
daily papers Of this city, and In one or more pube
newspapers published in the several places where
subscription boOksmRy bsonened; and SubseriptIons
Tor such notes may be received from all persons who
may desire to auGScrlbe any law to the contrary not
withstandingi and ira larger amount shall be sub.
ecTtbe IN the aggregate tAn Is required one time
the Secretary Of the Treasury Is authorized to re-
ceiTe the same, should he deem 1t advantageous d
the public Interest; aud II not he shall accent tls
amount required by giving tue preference TO tI,g
smaller subscriptions; and the Secretary Of the
Treasury shal hx the conIpeusAtiOns of the public
OnceIs or others deE grated for receiving said sub
scrtptons: Provided, That, for Performing this OF
any other dntS III cQhneXion with this act, no COM
ZEN ~ IoE services rendered. shall be allowed OF
by law; AID the Secretary C. he Treasury may RsC
mako such other rules an. equations as he mas
oeem eSpedtent touching this tnstalment to be paid
GU any subscription at the time Of subscribing I'M
further Payments by iuStalmtnts or OtHefJyIEs IN
penalties for non-Payuient Of any installncnt, and
Ing OF money received from such subscriptions unit
Lhe same can be placed In the possession Of ofHcia
uepoototteS OF the Treasury any law or laws to til,
contrary Notwithstanding. And the SecretnTTI n
ths e also authorized, ifhe shall deem Il
e3pedent, before opening books Of. subscription a
above proTidei, to exchange for coin OF nav n,
public dues or for Treasury notes OF the Issue
Of December, eighteen hundred and
nityseyen and falling due the thtrtIeth OF June
Eighteen hundred and sXty-onc, or for TreaSury
ho!es issued aud taken In exchange for such notes
any amount Of said Treasury notes for tfty dollar
or or, upwards not exceeding one hundred millions
Sec. I. And be 1t further enacted. That b.s,r,
awarding any portion Of the loan in bonds author
Hed by this act the SecretaEyo Of the r6asury II n
deem y Etsabie to issue proposals for the SAME Ii
inc yutted States, shall give not less than fteel
days public notice In two or more Of ne EnubII
hSWsraPeu In the city Of Washington, and In tucl
other places OF the United States a lie NAV deem
adSt1Able, Designating the amount of such loan III
place and the time mp to which sealed frooEa n ~
Ne tor tue same the periods foEthe pay men
and the amount Of each instalment in which It i
to DO paid and the penalty for the not-pSyinebt n
any such inAtamentg and when aud where such rro
Sons he may choose to attend; and IN ssFtSr
OF the Treasury e Authorized to accept the most Il
vors3le proposals offered by rssp6aisibls biddefS
!, par. = - st -
Sec. And be It further enacted, That the secrc
neEottate any portion Of said loan not excesdin,
one hundred millions q dollars In any foreign conn
the uitCd States or In Eurupe and may isEue FeiI
tered or coupon bonds for the amount fhug neofiS
st TO the Of this act bearini
interest payable semannuAIly, either In the Unite;
states or at any designated place IN Europe; md n
iurther authorized to appoint such agent or AGENT
e ne may deem necessary ur Negotiating such m
under his tngtFuetiUnE and for paving he Inter
on the same, and to dx the compensation Of nd
agent or Agents, and shall preserifS, 10 tgn All ~
rules regulations and modes under Which, TrI -,
Aal be HoGottAted, and shall have power a IN
fate o. eXehanBe at which tie principal shall 6e n
change for the payment OF the principal Rp,i infsT
est In Europe shall be At the ams nate, :
Secs o. And be it further enacted, That yhep6y9
ilH notea OF denomination less than an
DOLLARS 91thoE1ed to 10 ihued by this act Bhall han
zen Eeasened. the Secretary Of the Treasury ma
notes 70 M equal amount = Provided ThSf .fhe ~
Bregata amount % bohdI and Treasury nOtsS fS-5s
aEcoea thefall amount aRthoFfESd N az 6rst ~
ten q tnAA eet; and the power to Issue or reiSlu
Sneh not Aaaa cease and determine amer the thiry
fAFst q Deee1b ghteen hundred and Ei1ty.tVo
see- And be s. further enacted That az 49,.
taEy Of the Efelaut : hereby IiSfiSE9 ybens1S
ne ahAu deemtt exPedient, to Issue IN axehRrge Ia
II g yEnent for ppblle dqsl TEoasEry note
~ G4t Any 8 t6e efdii ~ SnseI6sS
bearing interest not oxreiinI ~ ~ -
aananl. and payable at any time not IN
twelve Hlonths from data provided tlaf - SSSI,n
q notes g issued paid Shall at no tins ees
twenty millions o. dni1ST1 = - S4AsS
SEC 8 !, Ard b it further enacted, That the secro
diAtely amer the e1nre n tIs tsi1
ne ne mount he - borrowed undsF the pruTiIons 3
1nls - oI Nhotnl and on what terms with ~ a.
n1He essa aeeepted el tlioso tESt have l5i reieet
q ala ne tOf OF Irs6szry roo ~
: nave pse1 tl!ued Tor the Ganaa Saff
see. And he &c faFthsr eSSSctSS me- ~. F,t,I
e ne llnit1d Sniy pls6Fod r.
u a tha Ian ~ - y u
q Sc, ~. And % u further 01Aetod5 mat IN mo
Visions g ne ct entitled aAn 81 = sutholiso al
tllao q Treasury nutsl,S appruTSd tie "a az r