Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1862-01-11

Gstant paynasteTB Ahall have rank and precedence
with assistant SUI Eeons not passed. and that all ap
tiers shall he made by regular promotion from tho
list Of assistant paymAstcTs.
Sec. o. And be it further enacted, That within six
months after the expiration Of the present insntTe-
tiou the corps Of paymastsrS and assistant paymas
tors shall be reduced to the number Of SerentyhvO
Approved, July IL, 1851.
[PUBuc-No. 81
AN ACT to authorize a National Loan aud for
other purposes.
Be II enacted by the Senate and House Of Repre-
EentatiVes OF the United States OF America in Com
gress assembled That the Secretary Of the Treasury
be and he IA hereby authorized to borrow, on the
credit OF the United States, within twelve months
from the passage Of this net, sum not exceeding
two hundred and nifty millions OF dollars much
thereof US he may deem necessary for the public
vice, for which he Is authorized to issue coupon
bOndS Registered bOuds Treasury notes, In such
proportions of each a. he may deem advisable; the
bonds to bear interest not exceeding seven per cent.
per annum, payable semE9unualL, irredeeInable for
twenty years, and aftSr that period redeemAOlc at
the pleasure Of tho United States; and tho Treasury
notes to be Of any denomination fixed BY the SecEc
ry of the Treasury, not loss than my dollars, and
to he payable three years nfteT date, with interest
at the OfssveD aud threetenthA per centum per
nnnuui, payable semiannually. And the Secretary
Of tho Treasury may also issue in exchange for colin
aud part Of the above loan may pay Tor salaries
other dues from the United States, Treasury
Of less denomination than my dollars not bearing
interest, but payable demand by the Assistant
TTeasuTers of the United States at Philadelphia New
1Otk B0ALpnt or Treasury 0Otea bearing l0teFeBt
at the rate Of three and siXtS-hYs hundredths per
centum payable In year from date, and eXcLRng-
able at any time for Treasury notes Tor fifty dollars
and upwards, issuAble under the authority of this
act, and bearing interest specified above; PTuV-
ded, That no exchange OF such notes in any less
amount than one hundred dollars shall be made at
any time: Aud provided further, That NO
Treasury notes shall 10 issued OF less denomination
than ten dollars, and that tho whole amount Of
Treasury notes nOtbearlnG interest," issued under the
authority Of this act, shall not exceed fy millions
OF dollars
y Adj b. tai 1,nN
knry notes aud bonds issued under the provisions OF
this act shall DO signed by the First Second Comp
trnler, OF the Registered the Treasury and counter
signed by such other officer officers OF the Treas
uTY the Secretary Of the Treasury mRy designate;
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 be transferable the books Of tho TTeasury
on delivery OF the ceTtcAte, and the coupon bonds
and Treasury noteS shall be transferable on delivery
The interest coupons mny DO signed by such person
or perSonS, executed In such manner, as may be
designated by the Secretary Of tho Treasury, who
shall fix the compensation for the same.
Sec >. And be it further enacted, That the Score
tAry OF the Treasury bhall books to 10 opened
for subscription TO tho Treasury notes for fIy dol
lars aud upwards, at such place. hO may designate
Ia the United States and undcr such rules and ICgu-
lationa as he prescribe, to DO supcrintended by
the assistant treaSTerB Of the United States at
respective localities, and at OTHER places by such de-
Potorie, POstnln4ters, and other persons he may
designate notice thereof being given In ut least two
daily papers Of this city, and In one more public
newspapers published In the several places whore
subscription bOOksmny beOpcned; and subscriptions
for such notes may be received from all persons who
may desire to subscribe any Law to the contrary not
wthstanlIng; and II larger amount shall 10 sub.
sCTibe In the aggregate than In required at ono time
tho Secretary of the Treasury IL authorized TO
cciTe the same, should he deem II advantageous to
tho public interest; and II not he shall accept the
amount required by giving the preference TO the
smaller subscriptionai and tho Secretary Of the
Treasury shall fx tho compensatiOns OF the public
officers cthors designated Tor receiving said sub
any other duty In cOnnexlIn with this act, COM
pensation for services rendered Shal be allowed or
paid to any public officer whose salary Is established
Oy law ard the Secretary q he Treasury may also
make suck other rules Rrr equations - he NAV
deem expCiont touching thu instalnlent 10 DO paid
on any subscription at the time Of subscrbipc and
further payments by instalmCnts or otherwise, and
penalties for nOn.payment Ut any iEStalment, and
also concerning the TCceps, deposit, and safe keep
Ing OF money received from such subscriptions until
the Elme can BIO placed in the possession OF Official
depostoriCa OF the Treasury, any law laws to the
| contrary Notwithstanding. And the Secretary Of
tho Treasury 10 also authorized, ifhe shall deem IL
e1podicnt, before opening books Of subscription as
above provided, to exchange for coin pay for
pubic dues or Tor Treasury notes Of the Issue Of
/ twenty-thiril Of December, eighteen hundred and
htyecycn, and falling due on the thirtstI Of june,
| eighteen hundred aud Sixty-One, or for Treasury
notes Issued and taken in exchange for such notes
any AuOurt Of said Treasury notes for my dollars
or upwards not exceeding one hundred millions of
Sec. 1. And DO 1t further enacted, That, before
awarding any portion OF the loan in bonds author
lied by this act the Secretary Of the Treasury II he
deem It advisable to issue proposals. for the same In
the Uuted States, shall give not less than fif(een
IN III III, 70 " more OF the paHle
Other nncps 81 The Tiyitsl st' u IsH Ih S StSa
adyisaic d,sigynStjn,s Az n,,os1nt ~ ,.1 IT, ~
plaes and Tie tiTS M, 10 = liz, w N
| 10 receJyetl Tor the 1nS The TsrfiS n! ~
and The Oulonnf ~ Sc6 SIT,Srt n, y =
ID no n1J5 md iS Ss,Ssit,t ~ Ita ~ men y y y y
t1 ~ Ss i W tns nSD-pAylnent OF
toSaiS 1bsIi ~ oTsDs, a. az - suSn ILo
S1nS a IN nav rkSoSS 10 ,ttS59 I VI Hs.l psE
yoFS6Is nroTsS,is SISJ ~, 70 Inc W. a
iroyiie,i TbSi n JIa .Eo1I < t ~
mar - - - s4'An
O.. SA,.,.
tnry Of The Tr ~ aN II go al !. te seS5e
neTotiate any roTiion ~ aid ioS,I ~ ISs
OnE hundred TnJIII1,,S - SIoiIs ~ ts
tTT mi psTHbis n N, ~ ~ ~, SSu'
ne UttII sfHSss or m EInoSS al - 100 y
tered or CI,upon b5nd- IN ~ 11G,,.t ;,
tea aCrrSS6fT 10 me ~ IN tt ~
Interest paySbIe Ssni.ssn1SSiy SitG =, a.. TI,t
statea or a any deSIgnated place In EproDe; and S