Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1862-02-06

1
entitled to receive the pay Of such grade whilst
Sc s. And b IL furtf,.r en,.t.,3. T4,t .,.r =.
Instant PaymaEtsr Gha1, upon his appointments enter
/ into bonds Ia the amount Of ten thousand dollRr1
Iith g least Two good and gueient securities f1C
the fhthfui performance Of his duties and that as
distant paymAsters ahhll have rank and precedence
with assistant s1l geonS not passed, AID that all ap
/ teF8 shall be made BY regular promotion from the
i list Of assistant paymleteIs.
Sec. G. And be It further enacted, That within sig
ontha after the exPlrtign Of the present fnEurTec
tion The corps OF psymasters and HssIstaut paynas
teEs shall be redneed TO the number Of ssTSnfy.Ye
Approved, July II, 1861.
EPUEuc-No. 81
AN ACT TO authOriLs a National Loan and for
| other purposes.
Be It enacted by the senate and House of Repre-
ssntAtiTos Of the United states Of America in Con.
gress assembled That the Secretary Of the Treasury
be and he Il hereby authorized to borrow on the
credit OF the United states within twelve months
from the passage Of this act, n sum mot exceeding
two hundred and nifty millions OF dollars much
| vice, for which he Il authorized 70 Issue coupon
bonds, OrFegEtered bonds Treasury notes IN suci
/ proportions Of each he may deem advisable; the
bonds 70 bear interest not exceeding per cent
per annum, payable sOmLannunly, frTedeeEnabIa for
twenty years, and amer that period redeemAble at
the pleasure Of tho United Stntes; aud the TreAsnry
nOtea TO be Of any denomination fixed by the Secre-
tALy Of the Treasury, not less than nifty dollars and
to be payable three yeara amer date, with interest
At the rate Ofseven and thraeteths per cantum per
anuum, parable sSmi.annualIy And the Secretary
Of the Treaaury may also issue in exchange for coin
and as part Of the above loan, may pay for salaries
CT other dues from the United States Treasury notss
Of less denomination than my dollars not 6earug
interest," but payable on demand by the Assistant
TreaSurerH OF the United States at Philadelphia New
York or BOltOn, Treasury notes bearing Interest
At the rate Of three and sixty.dVe hundEedths per
eentum payable in one year from date, and exehanK
able at any time for Treasury notes for dity dollars
and upwards, IAsuAbIe under the authority Of this
act, and bearing intereat RA specified above; PToV
| died. Tint exchange OF such notes In any 1as7
amount than ono hundred dollars shall be made A.
any one time: And provided further, That no
Treasury notea shall he Issued OF less
than ten dollars, and that the whole umount Of
Treasury notes not bearing interest Issued under the
/ Of dollars.
Sec. 2 And be 1t further enacted, That the Urea.
EuTy notes and bonds Issued under the provisions Of
this act shall be Glgned by the Flint Second Comp
troeF or the Register OF the Treasury and .untsr-
ngned 6y such other onger or ofeers Of the TreAs-
nry a. the Secretary Of the Trealury may designate
and all such obligations Of the dissemination Of Tty
dollars and upwards shall be issued under tho seal
o. the Treasury Department.. The registered bonds
ahal Be transferable on the books Of the Treasury
on delivery OF the certificate, and the coupon bOuds
aud Treasury notes shall be transferable On elyerT
The interest coupons NAV be SiRned bT Eneh I,rFS5r
or PeEs0nss OF executed in such manner, a. may be
designated by tho Secretary Of tho TTGaSury, who
Shal4 hx the compensation for the sane.
Sec. 3. And be It further enacted That the secre-
tary Of the Treasury shall eauee books to be opened
lars and nPEaris At such places a. he may desgn1ts
10 the United stAes and under such rules and TeE-
aton1 as he may prescribe, TO be superintehded by
respective localities and at other places by such de-
poaitories postmasteTS, and other pSrF0nI a. lie may
designate, notice thereof being given In at least two
daily papers Of this city and In one or more public
newspapers published in the several places where
subscription books may bsopened; and subscriptions
for such notes may be received from all persons who
may desire to subscribe any law to the contrary not.
Eithltandng; and II larger amount shGlIB be sub
scrtbed 10 the aggregate than u required one time
the Secretary u the Treasury e authorized 20 re
esiTe the samos should be deem It advantageous tc
tne puphe INTEREST," ana II not, he shall accept the
amount required BY giving the preference to the
Gmallar subscriptions; and the Secretary Of the
Treasury shall hx the eomPensatioug OF the pGbliC
otesrs or others designRted for receiving said ut
scTtptIon8: Provided, That, for performing this d
any Other duty in connection With this act, no com
pensaton for services rendered shall be allowed nI
paid to any public Ofcer whose salary Is establishes
by law; and the Secretary C. ha Treasury may ais
r make such other rules arr ernlStionE a ~ ma
deem eXpedent touching In, i1Et6iTnert IL bs ~
on any subscription at the time Of subScribnR AMI
further payments by tnstalments otherwise, ami
penalties Tor non.paymeut Of any inBtalment, and
also concerning tue receipt, deposit and sac keen
Ing OF money received from such subscriptions unit
Ine h1ne can 9s placed IN tho possession Of Ofcia
dePosttorea Of the Treasury, any law laws to tbs
contrary Notwithstanding. And the Secretary o
the LFeasuEy q also authorized, ifhs EhAll deem ii
eGpsdtent before opening books OF subscription a.
above provided, to exchange for coin or nav %,
public dues or for Treasury notea Of the ilius o
LHenty-fhlFd OF Decemberi eighteen hundred and
hhyseyen, and falling due ON the thlFtisfh OF June
eiRhteeh hundred and sixty-one or for TreaEurJ
notes itsued and taken ia axehGnRe for such ToteS
any amount Of said Treasury notes for fifty dollaT
or upwards not exceeding one hundred millions q
Sec. 4 And be Il further enacted, That, befor,
awarding any portion Of the loan In bonds author
lied BY this act the Secretary Of the TreaEuty ht
Deem g advisable 70 Issue proposals. for the same II
the United States, shall give mot less than ffeeT
dAyS' public notice in two or moro OF tho publil
neWIpePers In the city Of Washington, and in sncl
other places Of the United States aS 10 may deem
ADVISABLE designating the amount Of sueh loan ibC
place and the time up 70 which sealed proposals vii
be received for the same, the periods for the payment
and the amount Of each inStalment In which Il II
TO DO paid and the penalty for the temperament O
any such Instruments and when ond where such pro
po2als shall be opened in the presence of g1eh eF
sons a. he may choose to attend and the Secretary
OF the Treasury e authorized to accept the most "a
LEoNided That ofer sha DO accept 1t less thar
sec.6 And BIO It further enacted, That the secre
ary O. the Treasury may e he deem It adFtIabIe
negotiate any portion OF said loan not exceodinp
one hundred millions OF dollars In any foreign cOun
ny, anu payable ct any designated place other n
the Ulted States or In Europe Gnd may ispue Tss
tered or coupon bonds for the amount thus neEotia
ed 70 the provaions OF this act, bearing
Interest payable SenannuaIly either IN the Unite
states or af any designated place in Europe: and M
e iuFthnE Authorized to appoint such GEet OF AGENT
Is he may deem neceSsaIy iiJr erotiSfiS .,ri, GoT
under his instructions, and for paving The fnteTeS
ION the same and to az the e6SSpsEs.tSn az sncI
agent or agents and shall prescribe to them an th(
rules regulations and modes nnderWhieh Gueh IoSi
GhHn be negotiated, and shall have poNeT TO NJ III,
eSiyed from the Contractors Gor the loan and The a
change for the payment Of the principal and inter
e4t N 1Hut0ps 9nau oa q the same rate.
See- o And be Il further enacted, That yhe10ypI
any Treasury notes Of denomination leog than fy
dOla authorized to be Issued by this Sct shnIi nv
been rOdeemed, the Secretary Of the TreaSurV TnSy
reissue the same, may cancel them and F-1Se nav
notes to an eqnnl amounts: Provided That the -
gregAte amount OF bonds and Treasury nOteS fs5n1
under the foFesong proVinns OF tht5 act sall nyuI
exceed the fnl amount AuthoEi1ed By tho hrIt 80
ton OF this aett and the power TO issue or FeSTuC
Saen noI small eeaSe and determine after the thirty
nE1t OF Dee1nbeF, eighteen hundred and giTtV-tyEo
see 9. And be Il further enacted, Thst ne Ssrra
taFy Of the TreasuEy & hereby thorited WhensyS1
ne shAu Deem u eSpedsnt, to isSuOi Ia exeha1o fSi
CON- OF IN payment for pubHo dnaa Treasury NOT
q any Of the denominations harelnbaf6Fs 6rssiSI
bearing interest not exceeding ufx per oenfnm ~
9nnums and payable at any time not SSSS5liiSS
twelve mouths frum date provided that TIE SToo5BS
notes g is5ued or paid Ghan At no tina Cressj