Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1862-03-10

-
sec g. And be IL further enacted, That within six
months ater the expiration Of the present nsurreo-
teTs shall be reduced to the number Of soVenty-ys
In the whole
Approved, July II. 1851.
IPUBLIc-No. 81
AN ACT to authorize National Loan and for
other purposes.
Be It enacted by the senate and House Of ReurS-
sentatiVos Of the United States Of America In CON
10 and he Ia hereby authorized TO borrow. en tie
credit Of the United States within twelve months
from tue passage Of this act, q sum not exceeding
two hundred and Atty millions OF dollars or So much
thsreet a. he may deem necessary for the public ser
vice, for which he Is authorized to Issue coupon
bonds OF bonds, Treasury notes in such
proportions Of each a. he may deem advisable; the
bonds to bear interest not exceeding seven pe cent
per Annum, payable semiauuuaIly be for
twenty years, and Aiter that period redeemAbls At
the pleasure Of the United States; and the TreaSur
notes to be Of any denomination fixed by the Score
taIy OF the IreasnFy, not less than fty dollars and
70 Se payable three years amer date, with interest
ut the rate OfseVsn and three-tenthB per ceut1m er
annuns, payable EsmLRnnually.' And the SecretSrv
Of Ihe treasury may also issue In exchange for coin
and 2s part OF the above loan may pay Tor salaries
CT other dues from the United States Treasury notes
Of less denomination than my dollars not bearing
interest," but payable on demand by the Assistant
TreasireEs Of tho United States at PHILADELPHIA New
York or Boston, Treasury notes bearing interest
At the rate Of three and Eixty-aVe hundfedtls per
centun payable in one year from date, and exchange
able at any time for Treasury notes Tor ffty doIlRfs
and uPuaIdS, lSsuRble under the authority OF this
act ana bearing interest as specified above: Proyt-
ued, That no exchange Of such notes In any les
amount than one hundred dollars shall be made at
any one time: Aud provided further That NO
treasury notss shall e Issued Of less denomination
than ten dollars, and that the whole amount OF
Treasury notes, not bearing interest issued under the
authority Of this act, shall not exceed my millions
Of dollars. 10
Sec. ?. And be it further enacted. That the Tr.a.
snry notes and bonds Issued under the provisions Of
mus net shall be signed by the Flint Second Comp
Tesla rife IT,
signed by such other officer or Oficers Of the Treas
ury a. the Secretary Of the Treasury may designate
dollars and upwards, shAll be Issued under the seal
Ot the Treasury Department. The registered bonds
ahaI be transferable on the books Of the Treasury
on delivery Of the certificate and the cuupOn bOndI
and Treasury notes shall be transferable on deliyery
The interest coupons may be signel by Sucb Derson
or persons OF eTeeltCd IN such manner; a. may be
designated by the Secretary of the Treasury, who
shall hX the compensation for the same,
Sec. 3. And be It further enacted, That the Score.
taFy OF Tie Treasury Shal cause books to be opened
BOZ subscription to the Treasury notes for fty dol.
lars aud upwards, at such places As he may designate
In the United States, and under such rules and To-
AttOnS as lie may prescribe, be BupeFintsDded by
respective localities and At other places by such de-
0stOries, POatmHsteTs aud other persons Ra he may
aelguate, notice thereof being given In least two
daily papers OF this city, and in one or more public
newspapers publihhed In the several places TEbere
s93scIption books may beopsned; and subscriptions
or sueh notes may be received from all persons who
may desire to subscribe any law the contrary not
Hithstanding; and II larger amount shall be sub.
scrtbed In the aggregate THANH required one time
the Secretary VI the TrSAs4ry Is authorized TO no
eetVe the same, should he deem II advantageous 10
the public INTEREST," and II not, he shall accept the
amount required by giving the preference to the
Gnlaller subscriptions; and the Secfetary OF tIS
Treasury shall hx the eompenSations Of tile publtc
ossTs Or others designated for receiving said sub
HcrtPtions Provided, That, for performing this OF
any other duty In cOnnexlon with this act no com.
Pensatton for services rendered shall be allowed OF
PAID 70 any public officer whose salary Il establishe
by lRWS aud the Secretary Treasury ynnv oiSo
make such other rules ar" eSulations a. ne may
deem eHPedient touching tho instRlusnt to be paid
on any subscription at the time Of subscribing and
turther payments by instAlments or Otherwise, and
PSnaltieS Tor nOu-payment Of any instRlment and
Iso concerning the receipt, deposit, and safe keep
tng OF money received from such subscriptions upti
the same can be placed In the possession OF ocial
aePoeitores Of tho Treasury any law laws to the
contrary notwithstanding. And the SECRETARY Of
the Treasury u also authorized, II he shall deem
eTPede1t, before opening books OF subscriptiOn n
above provided, to exchange for coin or pay fol
public dues or for TreaEliy notes Of the Issue n
tsenty-third of December, eighteen hundred and
httyseTeu, and falling due on the thirtieth OF June
eighteen hundred and sixty-one, or for Treasury
notes Issued and taken In exchange for such notes
any amount Of said Treasury notes for any dollar
OF upwards not exceeding one hundred millions q
Sec: 1. And be Il further enacted, That, befor,
aW9Fdlng any portion Of the loan In bonds author.
iLed by this act the Secretary Of the Treasury Il lie
deem advisable to issus proposals for the same ia
the Quilted States, shall give not less than ffteeS
days public notice in two more Of the pnbiIe
u9NhIA4PeLu Lhe CITY oil washington. and m
other places Of the United States As he may dean
advisable, designating the amount Of such loan tie
place and the time up to which sealed proposals will
and the amount Of each fnstalment in which Il n
to be paid, and the penalty for the nou-paynent N
ny such instruments and when end where such pro
posas shall be opened in the presence Of such per.
sons As he may choose to attend; and the SecretSFy
OF the Treasury Is authorized to accept the most "a
yoFable proposals offered by responsible bidder .
Provided That offer ShA be accepted At les than
Sec 8 And be 1t further enacted, That tn. seers-
taIy OF the Treasury may, II he deem It advisable,
negotiate any portion OF said loan, not exceeding
one hundred millions Of dollars In any foreign conn.,
~ and payable At any designated place, either In
the Uted States or in Europe, RRd may sEue regis.
tered or coupon bonds for the amount thus neEOtiR.
TED sgreeably to the provisions Of this act bearing
interest payable Beiannually, either IN the Unitei
States or q any designated place In Europe; and he
e further authorized to appoint such agent or agents
q he may deem necessary or negotiating such loan
under his Instructions and for paying the interest
on the same, aud to hx the e1mpensation 81 Gucl,
agent OF agents. and sha prescribe to them All the
shall be negotiated and shaII have power to M IN,
rate Of exchange at which the principal Ghall Be re-
eeyed from the contractors for the Loan and the ex.
est in Europe shall be at the came ratS. =
Sec. 9. And Be It further enacted, That whenever
dollars antSoffEsd % Is fSe M si9 my .y
been redeemed, the Secretary Of the Treasury may
reissue thu same, or may cancel them and issue new
gregAte amount Of bonds and Treasury note iSypel
under TIE f0reoing pFOViduI Of this act ahRl DsylF
exceed The full amount authorized by the hEat SEQ
dOn OF this acts and the power to issue OF r0isne
such not shall cease and determinS Rerthe thirfy-
aEst Of December eighteen hundred aDA EirtyltWo
,see- Z. And be It further enacted That ne sore
aty OF the Treasury L hereby authorized, whenever
ne ehA deem II exPedieut, to issue In OxehanEe for
e9ins Or il plymont for pubic dues Treasury hOtss
o. any o. the denominations hereinbSfor0 specified
bearing interest not exceeding dX. Per eentum peF
arhum3 and payable 1t any time not e1eecdinr.
twelve months nom data prSyiied fhSf tie SSSS,If
n A. Al, A..
twenty millions Of dollars, =
Bee. 8. And be It further enacted That ia sAs,S
saTy q, Tie TEoa1lEy ahaA report . cOugrs1 imEs