Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1862-02-14

list Of assistant paymnstefs
Sec. And be It further enacted, That within sig
months after the expiration Of the present insurFec
ton the corps Of paymasterS and aslistant pSymSS
teIT shall be reduced to the number Of Bevepty-iye
Approved, July II, 1881
IPuBuO-No. 81
AN ACT to authorize National Loan and for
other purposes.
Be II enacted by the Senate and House Of Repre-
EsntatiVss Of the United States Of America In c1n.
greag assembled That tile Secretary Of the Treasury
be and he tA hereby authorized to borrow, en- the
efedt Of tie United States, within twelve months
from the passage Of this act, a sum not exceeding
two hundred and nifty millions Of dollars or so much
Lhereo a. ne may deem necessary for the public
vice, for which he Is authorized TO issue coupon
bonds or registered bonds Treasury notes. In such
proportions Of each "a he may deem advisable; tie
bonds to bear interest exceeding seven per cent
per annum, payable ssmlRnuually, irTedeemabIe for
twenty years, and after that period redeemRblO At
the pleasure Ktha United States; and the TreaTur
notes to be OF any denomination hxed by the secre
tary OF the Treasury, not less than my dollars and
70 be payable three years amer date with interest
annum, payable sami.annuAlly. And the Secretary
Of the Treasury may also issue In exchange for coin
other dues from tho United States Treasury notes
OF leES denomination than fifty dOnFR not bearing
interest," but payable on demand by the Assistant
Lrsurers Of the United States at Philadelphia New
York or Boston, Treasury notes bearing Interest
at tho rate Of three and Sixty-hVe hundFedthS per
centum payable In one year from date and eHchRnE.
able At any time for Treasury notes FOR ty dolIafs
aud upWaTdl, iAsuable under the authority OF this
act and bearing interest as specified above: Proyl-
deaf 4hat no exchange Of such notes in any less
amount than one hundred dollars ahalI be made at
any. one time: Aud provided further, That no
Treasury notea shall 10 issued OF less determination
than ten dollars, and that the whole nmouut OF
Treasury notes notbearing interest Iaet under tie
authority OF this act shall not exceed my millions
Sec. 2 And be 1t further enacted; That the Tres-
9ury notes and bonds Issued under the provisions OF
this act shall be signed by the First orsecond Comp
troler, or the Registered the Treasury and counters
signed by such other officer or officers OF the Treas
Jury a. tho Secretary OF the Treasury may deEiTnHts
and all such obligations OF the den6minStion ~ St
dollars and upWardS, shall be Issued under the se6l
Of the Treasury Department The registered bonds
shal 70 transferable on the books Of tho Treasury
on delivery OF the certificate and the coupon b0nds
and TTea1pTy notes shall be transferable on delivery
me lnteFest coupons may 10 signed by such person
Or persons or eXetutCd In such manner, as may be
designated by tho Secretary OF the Treasury, WHO
snail hx the Compensation for the came.
Sec 5. And be it further enacted That tho Secro.
tay OF the Treasury BhRll cause books to be opansd
for subscription TO The Treasury notes for INV dol
y ana nPNaEds at such places a. he may designate
IN the United States, and under such rules and reQ
g. he may g he -unerintended y
respective localities and at other places by such de-
Postories, pOstmasters and other persons as be NAV
Designate notice thereof being given In at least two
daily papers OF this city, and In one or more public
newspapers published Ia the seTcralFplaces where
subscription bOokAmay beopened; and subseriptionS
may desire to SubSribe any Law 10 the contrary not
Wthstanding; aud ifa larger amount shall be suI,.
In the than Is required at time,
the secretary OF the Treasury tB authorized TO re-
eeiyo the same, should he deem It adyantageoust TO
the public interest; and II not he shall accept the
mailer Snd iSs seTesPS d 70 the
TTeasury shall X tue corporations Of The public
Officers or others designated Tor receiving said sub
Geuptons; Provided, That, for performing this or
any other duty In connection with this act no COM
penatton for services rendered shal bs allowed or
by laws and the Secretary q .he TreSsnrv SiSo
make such other rules arr equations as he may
deem eSPedient touching thu instalment to be paid
on any subscription at the time Of subscribing and
further Payments by instalmentS or otherwise AMI
penalties Tor nonpayment Of any instalment, and
nso concerning the receipt dePOsit, and safe keen
Ing OF money received from such snEserptions Tnfi
the same can be placed In the possession OF ociai
depositoes OF the Treasury any law or laws 10 the
contrary notwithstanding And the seCret.Ty ~
the Treasury q also authorized, II e shall deem II
e1Peaient before opening books OF subscription as
public dues or for Treasury notes Of the isSne ~
| tWenty-thIrd Of December, eighteen hundred and
ulty-s eVen and falling due the thirtieth Of June
eighteen hundred and Eixty-One. or for TTeaSnTv
notea Issued and taken In exchange for such noteS
any amount OF said Treasury notes for any dollSrs
dollars. ''o VI
Sec; 4. And he It further enacted, That, before
aW9rding any portion Of tho loan IN bonds anthors
lied by this net, the Secretary Of the TreaEuy Ar ha
deem adTtsable to issue proposals for the same IN
She uuited States shall give not less than fifteen
neWspaPers in the city Of Washington, and ln S1sI
other places Of the United States as he may deem
u Nn0n
Paee and the time up to which sealed proposals viii
30 received for the Same the periods for tbs naVnst
ena the amount Of each instNlmeut in which Il iS
70 0e paid aud the penalty for the nOn-payment N
any such tnstalnents, and when Und whsFe inch nm
posals 3ha be opened In the presence Of such Der.
sons a9 he may choose to attend; and the secretSry
OF the Treasury Is authorized to accent the rost e.
HoFAble prOpoSNls offered by responsible bid5sTS.
That NJ oter shall DO accepted at les tha
seo-.k And be It further enacted, That the seers.
taEy OF the Treasury may II he deem It aiyisabls
heSoEtafe any portion OF said loan, not exceedn1
one hundred millions of dollars In any fSrrTn conn.,
Cy3 and payable Mt any designated place either In
me 9tsa statSs or In Europe, and may issue regis
teLea OF coupon bonds tor tho amount thus peroffo
tea agteeably TO the provisions OF this act beSrin
payable BeInEannunllY, either in the United
or ~ any designated place In Europe; and ID
e further authorized to appoint such SSShf StS
ne may deem neeelsAry for such ioS,1
l,f i y and frr PAYING the interest
on the same and to tx the Compensation Of moi
aEent OF agents and shall prescribe TO them All lie
rules egnlltions and modes undeFvhleh moi iSSS,
sh4l e Negotiated, and shall have power % IN tG0
rate q exchange & which ne SJlSIi Re ~
eNed nom the contractors for the loan mi tbr ~
81 I leE the p1Ynent Of tie principal and inter-
est IN Europa ehAll be 81 the same rate, ~.
sc. o Ana be 1t further enacted, That yhensyer
ny LEeasuIy NOTES, OF denomination les than ftS
been redeemed, the Secrethfy * liz AM iI1sS
reissue the same or may cancel them and fsie ~,
,s y u &C. egel enolnt: EGyided That the az,
under tue going provisions OF this act EhlIl Dss
S1ceeq ne tan amount authorised BY DE 6rS4 ~
=
lett oS shall eee and determine after The t6iTtIs
nF5t g lleeero elEhtean hundred and
sa. Y. And % Il further enacted, mat az sefrp
taEy @ The Treasury 3 hereby antInFiEea
e DEEM e e1pedent . issue IN orehanEe fSF
e99l, g n payment for pablo ineS TreSSrT IotsS
@ Any O the denominations hereinSeISFe ESsrfSI
$3.50 Is DIX per eeatam M
annpta, and payable at any tim9 rnf eTsss1liiS
Give months nom date provided rs q IN s,t
twenty millions Of Dollar. 4l41 el44Sse4
sec. 8. And be Il further SrnstSlI mat a.. g.,
~ g tee slall Feport 70 Congres ioIsS
41teF the az the iISjEf
the aIolnt hA has "a i14iisl tls
~ ~. 9 q ea a1 on what t9rms With - as
49, i y ~ fhnso tIsf
hsHe ben aeeopted and thosa that hSSS bSG5 ~
have BEEN Issued IN the sSIpe A-Ss 49,
SEQ 8. And b it MT az. esi,S
g the gnee, e hereby onlniy 6ISiEed i5F
~ % the interest and rtiGl a tlS
~ ~ ~ sui lby tbs Set ~
eo's1e And ee u further 0Eieted ThSf an mr.
Hot9 g tha aet entitled An act 10 anfhaFiEa ~