Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1862-02-05

sistant paymasters shall have rank and precedsnee
assistant sui geons not passed, and that ali up.
PointmenS TO MI vacancies In the coTp8 Of paylnGs-
tiers shall 10 made by regular promotion from The
list Of assistant pAymastefp.
Hec. o. And be 1t further enacted That within sig
months alter the expiration Of the present insnrree-
ton the corps Of paymnsters and assistant paymas.
terI shan be reduced to the number Of sev6nfy-ye
Approved. duly II, 1851.
[PUutc-No. 81
AN ACT to authorize a National Loan and for
other purposes.
Be It enacted by the Senate and Hopss Of Rsnre.
EsntativSs Of the United States of America In Con.
ress assembled, That the Secretary Of the TreaSuTy
credit Of the United States within tweys MONTH
from the passage Of this act, sum not exceeding
two hundred and nifty millions Of dollars or SO much
thereof as he may deem necessary for the public SER
vice, for which be ia authorized 10 issue coupon
bonds or registered bonds Treasury notes in such
proportions of each he may deem advisable. the
bonds to bear interest not exceeding eeyen Der cent
per Annum, payable somiannunlIy, BILE ;or
twenty years, and after that period rsdeemable at
the pleIure of the United States: and the Treasury
notes to be Of any denomination ixed by the Secre
tary OF the TTeaSury, not less than fifty dollars and
70 Ge payable three years after date, with interest
at the Tnte ofaeTen and threetsnths per centum per
annun, payable semtannually. And the Secretary
Of the Treasury may also issue in exchange for COIN
ana as part OF the above Loan, may pay for Farfss
CT other dues from the United States Treasury pos9
OF less denomination than fifty dollars not bearing
interest, but payable on demand by the Assistant
Treasurers Of the United States At PHILADELPHIA New
York or RostOu, Treasury notes bearing interest
at the rate Of three and slxty-fVe hundredths per
centun payable In ono year from date, and exchauR-
able at any time for Treasury notes for ty doJIais
and upwards issuablo under the authority OF this
act anu bearing interest as specified above: ProYi-
ded, That no exchange Of such notea in any less
amount than one hundred dollars shall be made at
any TpS time And provided further, That no
than ten dollars, and that the whole amount of
Treasury notes not bearing interest," Issued under tho
| Of dollars.
Sec. 2. And be It further enacted. That the Tres.
sEy notes and bonds iasned under the provisions OF
this act shall DO Higned by the First or second Conn
troller or the Register Of the Treasury and
aligned by such other officer officers Of the Treas.
ury as the Secretary Of the Treasury may designate
and all such obligations. Of the denomination Of NV
dollars and upwards, shall be Issued under the seal
| OF the Treasury Department. The registered bouds
shall be transferable on the books Of the TreasuTy
on delivery Of the certificate and tho coupon bonds
and Treasury notes shall be transferable on delivery
The Interest coupons may be signed by such person
or peraons, or executed in such manner as NAV bo
designated by tile Secretary of tho Treasury, who
shall hX the compensation for the same.
Sec 8. And be II further enacted, That the Score.
FIR subscription to the Treasury notes for my dol
hrs and upwards, at such places a. he may designate
IN the United States, and uI rulsa and ro,r.
ttlons g ne may prescf1bs 70 be superntended by
respective localities and at other places by such de-
postma5terS, and other persons as he may
1egnHte notice thereof being given in at least two
daily papers OF this city, and In one or more public
newspapers published In the several nlpres WHARF
books may De npenedi md subscriptions
oE notes may be received from all persons who
may desire to subscribe any law to the contrary mott
outstanding; and ifa larger amount shall be sub.
scrbed In tho aggregate than required at one time
the Secretary Of the Treasury Is authorized 10 rs
cetye the same, should he deem 1t adVantaQeous Ia
me public interest; and II not. he shn accept tile
amount required by giving the preference TO the
smaller subscriptions; and the Secretary Of tho
Treasury shall hx the compeusRtIOns OF the public
oinCeta or others designated for receiving GAd sub
scrtptionS: Provided, That, for performing thiS az
any other duty In connection with this act, no com.
pst9Llon loT services rendered shall be allowed OF
pau 70 any public officer whose salary Is established
by Jaw; aud the Secretary c. no Treasury NAV Nlso
make such other rules Rn6 equations as he may
0eem e1PedienE touching thu tnstalment to be paid
on any subscription at the time OF subscribInR AMI
further payments by inStalments or otherwise and
! penalties for non.payment of any instalment AMI
also concerning the receipt deposit and SAFE iee,T
ing OF money received from such subscriDtIOng unfj
Tue eame can be placed in the possession OF Official
1ePotortes Of the Treasury, any law laws to the
contrary notwithstanding And the Secretary a
tho Treasury iG also authorised ifhs shall deem h
eHpe1ienL before opening books OF subscription a.
above provided, to exchange for coin or nav foI
public dues or for Treasury notes of the iusne n
ssWSentySthlrd Of December, eighteen hundred and
hityseyen and falling due on the thirtIeth of june
eighteen hundred and gixty-one, or for TreasnrJ
notes issued and taken in exchange for such notes
any amount OF said Treasury notes for nav doIIST1
or upwards not exceeding one hundred millions d
dollars. "
Sec, 1. And be 1t further enacted, That, before
lied by this act the Secretary Of the Tressy M
deem II adTiable to issue proposals. for the same r.
1hANla8 give NOT less than 6ftEAu
days public notice In two or more of Inc pubiir
newspapers In the city Of WashIngton and In sucIl
o5hsE 9laees OF the United States a he may deem
advisable designating the amount Of such loan, the
place and the time up 70 which sealed proposals iI
10 received for the same the periods the payment
ana the Smount Of each Instalment In which Il Il
to be paid, and the penalty for the non-payment N
uny such tnstnlmCnts and when end where such pIo
PoSas shall be opened In the presence Of Ecf mar
son! a. he may choose to attend; and The secTetST
OF the Treasury 70 authorized to accept the most "a
HotAolo proposals offered by responsible bidder
par. - -
Sec. s. And be It further enacted. That tls sscr,
taFy OF the TreAsury may, II he deem Il adTisSble
nes9ttAte any Portion Of said loan, not exceeding
one hundred million OF dollars In any foreign conn
ny ana payable at any designated plaee either ID
tered or coupon bonds for the amount thuS I,fi;
ted aTeeabty to the provisions of this act bSSrnp
interest payable oemtannuhlly, either In the Unite
state or q any degnAtSd place In Europe; md -
further authorized to aupoint such nqerf5 gS1tS
snSs ~; S f9r Negotiating such loan
on the same, and to hx the eompenIstiun al S41~f
agent OF Ggonts, and shan prescribe to them aIlthe
shAu Do nngotAted, and shall have mower % An ar
rate OF exchange at which the principal shSiI e ~
Sn,5 rom ne for the loan, aud the ex-
i ct IN Europe shall be at the came F1fs e.''N'
SEC 9. And Be II further enacted, That Whenever
~ 1EeauIy notes, Of 0dOnounatinn leI1 than nv
Soars authorised to Be Issued by thIS at sian bas
been redeamed, the Secretary q The TTsssuTy IST
rea1ue the Elu1e, may cancel than and fss 49,
notes to an equal amount: Proyidei 5ISat AZ ~
EEegAte a1oont OF bOnds and TeSSlIy ,,ot. iS;
under ne pFuVaiong Of this act GhaI never
sAeeea me fnu aHounE authorised BIZ the 6Tlf -
Slo9 OF tnis sets ard the power to Issue or TisS1e
saen not shall esaRe and determine after he f6irt
hrGt OF December, eighteen hundred md STtTfIoS
sc. Z. Ard be It further enacted, That ~ sssTs
~ @ me treasury & hereby authorized vhe1eTST
nS enaA Deem e e1eisnts 70 issue In oxehS1Fe for
eeins @ N payment for public dnes TrOaSurV lotSs
q az o. the tons hOrefnbefora I1scfSsI
Sy, aseISst noS breeding slx per eentum Per
y 49, MN dats that the Gmo1nf