Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1862-03-20


tioa the corps Of PayuiasteTs and assistant paymAs
teE% shau b reduced to the number Of ssventy-iTs
Approved, July Il, 1851.
[PURllc-No- 81
AN ACT to authorize q National Loan and for
T=l other purposes.
Be It enacted by the Senate and House Of Repre-
eentAtiTes Of the United States Of America In CON
EreS assembled, That the Secretary Of the Treasury
be and he Il hereby authorized to borrow, On tile
from the passage Of this act a sum not sxceednv
tuo hundred and fifty millions OF dollars or so much
thereof ~ he may deem Necessary for the public SER
vice, FOR which he IS Authorised to issue coupon
bOnds OF registered bonds, Treasury notes In such
proportions Of each he may deem advisable; tlIe
bonds to bear Interest not exceeding seven per cent
Per annum, IsyaLle semi-anhusiy iTTeIeernable Ion
twenty years and after that period redeemahe n
the pleasure Of the Unite States; and the Treasury
notes 70 be Of any Denomination fixed by The Score
taTy Of the Treasury, not LEES tlu ty dollars, AMI
70 he payable three yeArs Gfler date, With interest
NJ the rate OtseTen and threetenhs peT centum per
annum, payable seEniAnnuNly. And the SeerrtSry
Of the Treasury may also issue in exchange for coin
and a. part OF the above loan OF 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 bS the Assistant
Treasurer of the URted States Philadelphia New
York Boston, or Treasury notes lSri,,C infareEt
at the rate Of three and sixty-fVe hundrriths per
esntun Iay3bie IN one year frUm date. and eXehAng
able at any time for Treasury nifty dollars
and uPHaIds tssuabie under the authority Of tliS
act aud bearing interest specified abOve ProTi-
WI 4AllAt 10 G1EuAnEe ol such u0ica III les
amount than one hundred dollars shall be made At
any one tinle: And provided farther Thai no
LreASuEy ltes shall Le Issued Of lees Denomination
than ten dollars, and that the whole amount of
Treasury notes not bearing interest issued under the
authority Of this act, shall exceed hfy millions
4 Of dollars.
See. ?. And be II further enacted. That the Trea-
sry notes ADd bonds issued under the provisions Of
this act shall Be signed by the First second Comp
tEoleI or the Register OF the Treasury and counter
signed by such other officer or Officers Of the Treas
my As Tue Secretary OF the Treasury may designate;
dollars aud upwards, shall be issued under the seal
OF the Treasury Department. The registered bonds
shall Se transferable the books Of the Treasury
on delivery Of the certificate, and the coupon bonds
and Tresury notes shall be transferable on delivery
The interest coupons may Be signed by such person
! OF persons, eXeSutcd in such uanner a. nav be
! designated bT The Sf,rT-tsrT N ~ -, -! -
l shall hX the compensation for the ams
Sec 8; And be II further enacted, That the secre-
tAEy OF the Treasury shal cause booka to be opened
fr subscription to the Treasury notes for ffy oI-
lars and upwards at Euch places a. BE- nav designate
IN the United States and under such rules and rei-
I1tions as he may prescribe to be superntended by
the assistant treasures Of the United States at their
RESPECTIVE Localities, and at other places by such de-
PotoF1e1, PoStmas;erG, and other persons be may
designate notice thereof bethg given ia least two
daily papers Of this city, aud IN or more public
newspapers published in the several places Nhere
subscription books may b. opened; and SuserintionS
for such notes may be received from ali persons ho
may desire TO subscribe any law TO the contrary not
Withstandins; and ifa LANCER amount shall be sub.
scrtbtd In the Eeate than L required al ou time
the Secretary Of the TFCasury authorized TO re-
tne hAA4Af nll94A0 ho deem "
the public interest; and II not he shall accent tbs
amount required by giving the preference to The
mailer subseTPtiOns' and the Secretary of the
Treasury Ahall NJ the colnpen Of the publIC
oteeTs OF others designated for receiving said suI
ser1ptlons Provided. That, for Performing this OF
any other duty In eonneHion with this act, com.
penation 1Or services rendered shall be allowed Of
paid to Aly public officer whose salary e established
by Law; ard the Secretary C he Treasury may AZ
make such other rules ar equations is he InSy
deem e1pedent touching thu inStaIment to be ma
gu any subscription at the time Of HubscribinE and
TlnE inf hNs
penaltfes for n0n-payment Of any instaInIeut and
also concerning the receipt, deposit and fe keep
ing OF money received from such subscriptions until
the same can be placed In the possession q ociai
repositories Of the Treasury any Law or laws 10 the
| tGontIHlJ notwithstanding. And the Secretary Of
the Treasury 3 also authorized, lfhe shAll deem II
expedient before opening books Of subscripSon q
above provided, to exchange for coin or pay foI
public dues or for Treasury notes of the Issue n
tWenty-third Of December, eighteen hunirrIl AMI
hfty-seven, and fllng due on the thrtietb OF June
eEhteen hundred aud siXty-ORe, for Treasury
notes tsued and taken in exchange for such NOT e
any amount Of said Treasury notes for fty ColIarI
or upwards not exeee'lins one hundred millions d
SEC. :. And be IT further enacted, That, befor,
HSSESlnS any portion Of the loan in bonds author.
" tnls act the Secretary OF the Treasury, Il he
the uuited States Shall give not les than fffeen
days public notice in two or more OF the public
newspapers In the city Of Washington, and In gDeh
other places Of the United States as he nav deem
ndytSable designating the amount Of such loan tle
place and the time mp to which sealed Iii
oe reeeiTed for the same. the periods the payment
and the amount Of each iustalmsnt In which Il Il
TO be paid and the penalty for the not-payment d
shy such tnstAlments and when and where sucb nm
PosAA shall be opened in the presence OF such rer
cons as he may choose to attends and the seeTetHry
OF the Treasury Il authorized to accept the rnot a.
Tora6ie proposals. offered by responsible bidder
Provided, That offer shall be accepted At leE tban
EPar. = w. '-'A"
Sec s And be 1t further enacted. That IN. s.cr..
taFy o. the Treasury may, Il he deem IL advisable
neEottats any portion Of said loan not exeeedinG
one hundred millions Of dollars in any foreign c1ut
ny and payable a. any designated place either ia
the gIhted Smtes OF in Europe and may issue reis
tered or coupon bondS for the amount thus neFOtiS
ted areeably TO the provisions OF this act bearinv
lnterest payable sentannualy, either In the Uhted
S1tes or Al any designated place in Europe; and Re
further authorized TO appoint such agent or aFentS
~ he may deem necessary fjr ne7ofrffn sirl ~ ],
ndsr hta tnstructions and for paying The interest
GO ne sane, and to nx the cumpensatiOn Of such
agent or agentG and shall prescribe TO them An te
rules regulations, and modes under which sIrh loan
~ y noottated an! shall have power to TX the
eetTed from the contractors for the loan and The Az
change for the payment Of the principal and inter
81 N Europe lhan be Mt the slEne TatS
Bee 8. And be II further enacted, That Whenever
S frenzy notes, OF denomination less than INV
OtE anthoTilea TO Be Issued by this act ShaI han,
been redeemed. the SeerGtary q ts FreaEurT ~ =
r03ue the Glme, or may cancel them and iS1ie no;r
! notes % an equal amount: Provided Thaf ne -
a1ooant Of bonds and Treasury notes iSsuSSi
G1eeed ths tnIl GnoEnt authorised BY the 6rEt -
ton Of this act; and the power to iSEue or -Js.S
sleh nd s4An eease and determine aftArthe thfrfy
AfSt q DeesmbRs eighteen hundred and Eixty-tIEos
* 2. A1d b u further enacted, That the Scr.
TAT q de frelSRFT b hereby HHthorfEod y|bs5sIsr
- sa1 dsaaa Il eEPedtPnt . tssne In GTehanEe for
e ~ g The Determinations hereinbsfarS E6eefaeII
1 la+arPsf ugt eEeeudinlr HtE Per esnfura rsSF
I tGSiIci I5sys5lS 4 any tine not breeding
e go q iallsd Og pa4 ahan n = Nm eTeSSI
] 10y i4lllil9nl q eollFI-
I tSE9 p - = = taItsg oraetsd, fhst TIE seers-
4 eafl