Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1862-02-25

o., \
months after the expiration Of the present inmITeo-
ton the corps Of paynastSrS and Gssistant payuhS
ter1 shnl be reduced to the number Of SSVonty-VO
Approved, July II, 1851.
tPUHuo-NO. g.:
AN ACT to authorize National Loan and for
other purposes.
Be It enacted by the Eenats and House Of Repre-.
aentatiVos Of the United States Of AnerieS I'm Con-
greg assembled That the Secretary Of the Treasury
credit Of the United stRtes within twelve months
from the passage OF ClI8 act, q sum not exceeding
two hundred aud fifty millions Of dollars, or SO much
theFeot as hs may deem necessary for the public
vice, for which he is authorized TO issue coupon
bondS, rregiIeFed bonds Treasury notes in such
proportions Of each a. he may deem advisable: tie
bonds to bear interest not exceeding per cent
per Runum payable Ssmi-anuually, frTedeemabls for
twenty years, aud after that period redsemabls at
the pleasure Of the United Statea aud the Treasury
notes to be Of any denomination fixed by the Secrs
tary Of the Treasury, not less than my dollars and
TO he payable three years after date, with interest
annuu, payable GemEannuAlly. And the Secretary
Of the Treasury may also issue In exchange coin
and part OF the above loan or may pay Tor salaries
or other dues from the United States Treasury notes
OF less denomination than dfy dollars uut ariuR
interest, but payable on demand BY the Ass4tant
Treasurers Of the United States at Philadelphia New
York or Boston, or Treasury Notes bearing interest
at the rate Of three and sixty-hVS hundredths per
eentum payable in one year from date, and sxchang
able at any time for Treasury notes Ior fifty dollars
aud upwards, iSsnable under the authority of this
act, aud bearing interest as specified above: Proyi-
ded, That no exchange Of such uOteS in any less
amount than one hundred dollars shall be made al
any one time: And provided further, That no
Treasury notes shall lo i.uel OF leFI tIon
than ten dollars, and that the whole amount Of
Treasury notes Otbearing interest Esued under the
authority Of this act shall not exceed nifty millions
Sec. 2. And be 1t further enacted, That the Urea.
suTy notes and bonds Issued under the provisions of
troller or the egsteT Of the Trsasury and coS3tor
aligned by such other officer or officers Of the Treas
ury a. the Secretary Of the Treasury may dssignate
and all such obligations Of the denomination Or my
dollars and upwards, shall be iSsued under tho seal
Of the Treasury Department. The registered bonds
Ehall be transferable on the books OF the TreasnT
on delivery OF the certificate aud the coupon bonds
and Treasury notes shall be transferable on delivery
The Interest coupons may be signed by such person
designated by the Secretary OF the Treasury, who
shall ny the compensation for the same
sec. 2: AND 10 II further enacted, That the secre
for subscription to the Treanry notes for my dol
lars and upwards at suclI places asha may designate
In tho United States and under such rules and reg-
lattpnS he may prescribe to be superintended by
the assistant treAsurerH Of the United States at their
localities, and at other places by Suc
postOriea pOStmasters and other persons rs be may
os Euate. notice thereof being given In at least two
daig papers Of this city, and In one more public
neWsPaPerS Published in the several places where
subscription bookSmAy bSopened; and subscriptions
for such notes may be received from all persons who
may desire to subscribe any Law the not.
] withdrawing; and TIA larger amount shall be Snb.
eeFtOed In the aggregate than required time
tho secretary Of tho Treasury T. authorized to
celH0 the same hhould he deem II advantageous ia
tile public Interests aud Il not lie shall accept the
amount required by giving the preference TO the
| smaller aubscrtpttonsS and the Secretary OF the
Treasury shall Iix the corporations OF tue nubllC
Officers or others designated for receiving said sub
sertptions: Provided, That, for Pertaining this OF
any other duty In cOnnexlOn with this act no com.
pensaton for services rendered shall be allowed OF
paid to any public officer whose salary IL established
/ make such other rules SES sEuIatIouS Us 6c MAJ
deem eHpedielt touching thu instalment to be paid
on any subscription at the time OF subscribing, and
InFIheF payments by tnstAlments or otherwise, and
penalties for non-paymont Of any instAlment, and
also concerning the receipt, deposit, and safe keep
ing OF money received from such HnlsorintionS unt
tue same can DO placed in the possession OF ofciH
depostores OF the Treasury, any law or laws to hI
| contrary notwithstanding. And the Secretary q
the treasury y also authorized, 1.-The shall deem
exPedient before opening books OF subsCrptIon q
above provided, to exchange for coin or pay fol
tWenty-thlrd Of December, eighteen hundred AMI
nty-seNen, and falling due on the thirtieth OF june
eighteen hundred and sixty-one, or for Treasury
noLes Issued and taken In exchange for such uoteS
any amount Of said Treasury nOtes for my dollar
OF upwards not excSedl9g one hundred millions o.
Bee. 4. And be It further enacted, That, b.Sor,
awarding any portion Of the loan In bonds author
Hed by this act the Secretary OF the Treasury Il hC
the Quilted States, shall EiVsnot les than hfteeT
days public notice ip, two more Of the public
n,st'SraPers 70 the city q Tashington, and In suc
advisable, designating the amount OF such loan thI
pIaee and the time up to which sealed proposals vii
be received for the same, the periods for the payment
aud the amount Of each inStalment In which Il h
to be paid, and the penalty for the non-paymout 0
any such instruments, AMI when aud whore such Dro
poSalS shall be opened In the presence Of inch eS
sons a. no may choose to attend; and the SecretSr
Of the Treasury e authorized to accept the most "a
Tora6le proposals offered by responsible bidder
rroTtded That eer shall be accepted at less thar
Sec. s. And be it further enacted. That tbs s.,r.
tary OF the Treasury may, Il he deem It adyisSble
nsEottate any portion Of said loan, not exceeding
one hundred millions OF dollars, In any foreign eoun
tJi9nu payable At any delegated place, eitiar II
the Uted States or In Europe SHd may issue reEis
tered OF coupon bonds for the amount Thus Seoffa
ted asroeabY to the pruTiAonS Of this act bearin1
interest payable semfannuaIIy either In the UnItet
States or At any designated place In Europe: and n
nrther authorized to appoint such agent or agent
under his Instructions and foF paying he inteFeS
on the same, and to hx the Compensation of TI.el
agent or agents and GhAu prescribe to them all thu
rIlSS regulations, and modes under which such loat
AhAl be Negotiated, and shall have power to NJ IN,
rate q exchange At which the principal shal Be 10
eSyed from the contractors for the loan and the ex
change for the payment Of the principal and inter
est in Europe lhan be At the came Tats.
!. Sec. o. And b IL further enacted, That yhspsvo,
any Treasury notes OF denomination les than ffI
snthort&ed 70 30 Issued by this act shah haT;
Yen teaSemed, the SECRETARY Of the Treasury mai
reissue the same, or may cancel them and issue neS
notes to an equal amount: Provided, Thaf the a.
81 gregAte amount OF bonds and TrsaslTy nOteS iSs =
exceed the fall amount authorized BY The art -
ton fthis act; and the power to fSSue or TSiS.S,
saea Do 9eh4l cease and determine after the thirty
nrst OF December eighteen hundred and sfxty-tVo
Sec. I. And Be 1t further enacted, That The SserS
taEy oithe Treasury 4 hereby authorized WhSDSySl
coin, q in payment for public dues Troa5ury otS'
o. any o. the Denominations hOrsfnbeforS lpeenei
OSA.lns interest not exeeeding Eix per eentum pei
AnnnmS and payable q any time not exceeding
twelve month"; from date, provided that the au01ni
@ notes 60 issued or Ead Ghall Il no time 0xooSd
4 twenty millions OF dotlAFA.
Sec. 8, And Be It further enacted, That the secro
o me 1LeasuEy ahal report to ConEraas irnme