Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1862-01-04

t0n the corps Of raynasteTH and assistant payulas.
tesI shal BE- reduced to the number Of ssvsnty-hvO
& iira 9u', II, 1891.
IPrBuc-So. 81
AN ACT to authOriEs :. National LOAn and for
other purposes.
He it enacted by tho SrRatS AMI House 1t Repre-
ESutAliVss Of the United States IT America In Com
Eras assembled, That the Secretary of the Treasury
he and he is hereby authorized Ia borrow, the
credit Of ths UuiteSi StAtes. within twelve months
from the passage Of this act, sIInI not exceeding
thereof he may deem necessary for the public
vice. for which he Ia authorized TO issue coupon
bonds, Registered bunds Treasury notes, ia such
proportions of each As he may deem RivtSablri the
onds bear interest not e4ceeling FER cent.
per aunum payable reuEi-anuually, irTs-ieenas Tor
twenty years, and alter that period relesInNble
the pleasure Of the United States; and the TTusuTy
IOlrs l" be Of any Denomination fixed Ny the SecTe-
tary Of the Treasury, not les than Iy dollars and
lie payable three year, alter date, with interest
at tho rate Of seven and thrcetentis per rentUm per
annum. pRPablo beIniHnnually. And the Secretary
of the Treasury may also issue in exchange for coin,
aud psT Of tho above Loan may pay salaries
Ct other dues from The United statcs Treasury notes
Of less denomination than tty dollars not bearing
interest. but payable demand by the Assistant
Trtasugera 81 the United State= at Philadelphia, New
York or Roefon or Treasury note bearing interest
1t the rate ef three and si1Iy-iVe lnndredihS per
CenIuH, payable ia year fTunI date, snd e1Chang
able vt any time for Treasury mites Enr fifty dalaTs
and upwards. issuablr under the authority Of this
Gct, and bearing interest specified above: PTpNi
dcd, That no exchange VI such uutcs in any Iesa
any one time: And provided further, That no
Treasury nGtes saiI he issued Of less denomination
than ten dollars, sud that the whole amount Of
Treasury notes, MT bearing interest Issued uncr the
authority Of this act, elIsll not exceed nfy millions
Sec = And be il further enacted That the Trca-
suTy notes anil bonds issued RneE the pFUTfEiOns Of
tli- aSt shall be signed by this Frst Second Comp
tTueE the RcgistCrn f the TTra-ury. and counter
signed BY surh other officer officers Of the TTehs
ury the Secretary Of the Treasury may lcsiSnatcS
aAd all sueh obligations Q. the denomination u my
snail he
cf the Treasury Department.. The TCEsIeErd bonds
shall he transferable the books Of the Treasury
delivery Of the ecrIiteate, RTl the coupon bonds
AMI Treasury nctss sbRll I've transferable delivery.
The interest coupons may 6e siged by Auch Pcrs1n
or pereeuS, eNecnIF IN Eush manner. may be
designated Icy the Secretary Ut the Treasury, Who
shall tn the compensation for the same
Sec. .. And bu it further ebaeIe That the Serre-
iary Of tire Treasury shal eaRkr bos 20 h. uIshH4l
fT subscription TO The Treasury nulC- for EIiy dol
lar ana uPUars, at surh pllces - be may esSnate
ia ;e Uuited state, ah under such rules ard re=u-
laiCIIs a. he may pTf7Iit 10 he sulrrHIente-i by
the assistant treasures the United States their
S-itorIs f-tIisisTs si.i other Etsor Is he may
5ssiEnate. uvtiee thereof being Ercu In at least
daily Tapers II this city, AMI IA Gee ar nsCTe public
sTssf-Ts IubliSs,i in tie several places where
subscription l-stsElA Lc-T+si; and subscriptions
r. sef nSt- NAV L., yiS 81 from Al -, ram. y 10
may desire -ui-cribe any law the contrary
WiIistaulinE; aud II larger shall be sub
Eiteti in the aggregate than is required At time,
Csvr the same. should he diem IL advantageous TO
the pablo Interest; and II not he shsll accept the
Nlhs'uhl required Dy giving tue prtlSTrIce To the
s1allSr subscriptions; aud the Secretary Of the
Z TTra,rry shah hX the oOnpcusstious Of the pnhtc
"fectH Or others designated toT receiving -sid sab
-eEptSns: Provided, TIai, Cor TerfOEming this or
any other duty in eonneXion Wiih this act, CON-
Pensation for services rendered shau be allowed
paid to any public officer Whose salary Is established
by Law; and the Se,rcaFy e Ae Treasury may also
make surh other rules arr. EQUATIONS a. he may
deem EAIeeut touching tn, UsIRineDt 10 lie raid
any subscription Mt the time Of auI-cTibIn and
farther payments by In-gAlments or UtlyrVis, anil
leuAiiicS for Don-Tsynent Of any iRStalmeNt. and
nt NRHNrFn aFFaF9 a7E.E
ing If money received frOm such subscriptions, until
tl,e same DO placed in the P.esslGn Of Official
depcsitOrtez Of the Treasury, any Law laws the
contrary notwithstanding. And the Secretary Of
the Treasury j. also authorized, If he shall deem C
eSfSAsnt' 6ei1Fe opening t"rsEs Of subscriptions as
above provided, To exchange for coin az Pay for
public lines for Treasury nytca Qf the Issue oI
tNeRty-thiFVl Of December, eighteen hundred and
httyeeVeli and falling due On lhe ttielh Of June
eighteen hundred aud SiNty-One, ~ Tor Treasury
notes issued and taken in exchange for such notes
any AnOu"t Of said Treasury notes for hfy dollars
or upwards not exceeding one hundred millions OF
sec. g. Anil 10 ii further enacted, That, before
awarding any portion OF the loan in bonds author
Ec by this act the Secretary of the Treasury il he
deem it advisable to issue proposals for the In
the United States, shall give not less than ifteen
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 a he may deem
advisable designating the amount II such loan, the
place and the fine mp to WhIch sealed proposals will
be received for the same the periods for the payment
and the amount OF each tnslalnlcnt In which It is
to be paid, aud the penalty for the u0HTayment Of
any such instruments, and when sBd where such pro-
poeas shall be opened in tie presence Of such er-
OF the Treasury is authorized accept the most IN.
yoTA6le PrUPcsals offered by responsible bildrTS:
Provided, That ofer shall he accepted at les than
Par.
SEC. 6. And be 1t further enacted, That the seere
tHTy II the Treasury may. Il he deem It advisable
Negotiate any portion Of said lean, not exceeding
one hundred millions Of dollars In any foreign cum.
sSy and payable At any designated place, either in
the its1l States or In EuroPe and may tssue regis
teIed or coupon b1ndg nr tho amount thus neE6fta.
ted asrCcably to the provisions Of this act LsariD4
interest payable sClannuaIly, either in the UniFc
States Ut at any designated place In Europe: and he
IS further authorized to appoint such aeatGr agents
- ne may deem necessary for negotiating suck loan
under his Instructions, and for paying the interest
ON the same, and to TX tho Compensation o. snch
agent agents and shall lreacri6 to them All ti,0
TuleG regulations and modes under which sUeh iSS,
shall be negotiated AMI shall have power to fx tho
rate Of exchange at which the principal shall be
cciVed from the contractors for the l5sp and the Gx
change Tor the payment OF the PRINCIPAL and inter-
est In Europe shall be at the same rate
Sec. g. And he It further enacted. That Whenever
Guy TFcAs1Iy nOtes OF denomination les than Elly
dollars authorised TO b issued by Ihis act shnl hnT
Teen redeemed the SeeretnEy OF the TroAsury may
reissue the sanie Of may cancel them and issue
notes TO an equal amount; Provided. That the ~.
ETcSate amount Of eCnda and Treasury notes sursl
under the tIFSoinS Of this act shall never
exceed the fall amount authorized ty the arSt gce
ton Of this 1T: aud the power TO issue or rois.ne
such not shall CEASE and rfcTminS amer the thirty.
Grst ct December, eighteen hundrrd And slxty-two,
Sec 2. And be u further enacted, That the Seesc-
taIy Of the Treasury Is hereby authOrLcd whenever
he shall dccm it expcdient to issue ia exchange ESF
oI any Of the DISSEMINATING hereinbCE,re sTst;SIT
bearing interest MT exceeding six FER eenium peF
annunh and payable at any time not sxercdtpr
twelve months from date, provided that the amount
q notes - issued CF paid Shhl At no time excel
twenty millions Ct dpiEara
Sec. S. And Be Il further enacted That the Sore
taEy 81 the Treasury shaN report to Copsress ir,mS
dtAtRiy amer the commencement OF the next sasIOr
ne amount he has boEroWed under the proVEiOns 81
tStS Ks 81 'ShSu and on What terms With an All
StENe6 ~ All the proposals., designating thos that
have been accepted ard thoae that have Eeea riect
ed GOd the amount af bonis or Trt1g1Fy gofo, tbSt
have been Issued EcP the same
See 9, And b tG farthsF enacted ThRt The EHiih