Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1862-01-07

/ ~ tEaAAAA FAuAA4t1Vu AlOul Au0
Sec. G And be It further enacted, That within six
months after the expiration OF the present ihirrTee-
tion the corpa Of paynihsteTB and assistant psymas
teI5 shall be reduced TO the number Of ssveuty-ve
Approved, July Il, 1851.
[PUHuc-NO. 81
AN ACT to authorize National Loan and for
other purposes.
BG II enacted by the Senate and House Of Repre-
eentatives Of the UniteI Sfates Of Amerfcn in GoS
RrGs assembled That the Secretary Of the Treasury
10 and lie Ia hereby authorized to borrow, on tile
credit Of tile United States within twelve months
from the passage Of this act, sum not exceeding
two hundred and nifty millions OF dollars, 60 much
thereof ~ lie may deem necessary for tile public ser.
vice, for which he is authorized to Issue coupon
bonds, registered bonds Treasury notes In such
proportions Of each a. he may deem adTisAbIei the
bonds to bear interest not exceeding per cent
per annum payable scniannuAlly, irredce1nable for
twenty years, and aftrf that period reieemabls at
the pleasure OF tho United States; and the Treasury
note4 TO be Of any denomination nIed by the Secre-
tarY OF the Treasury, not less than fty dollars, and
TO be payable three years ater date with interest
al the rate oi seven anil trentenths per centum per
annuEi, payable uemi'annually. And the Secretary
Of the Treasury may also Issue IN exchange for cO
and a. part OF the above loan may pay tor salaries
CT other dues from the United States Treasury notes
OF less denomination than hfty dollars not bearing
interest, but payable on demand by the Assistant
TTeasurers OF the United States At Philadelphia New
York or noston or Treasury notes bearing interest
at the rate Of three aud SlIty-tye hundTedths per
centur payable in one year from date, and eXrhRn
able at any time for Treasury n0teB Tor ty dollars
and upwards, issuabls under the authority Of this
act, aud bearing interest as specified aboYc IrIy-
ded. That no exchange Of such notes IN any less
amount than one hundred dollars shall be made at
any one time: Aud provided further, That no
Treasury notes shall Le Issued Of es8 denomination
than ten dollars, and that the whole amount Of
Treasury notes. nOtbeArinE interest issued under the
authority Of this act, shall not exceed nifty millions
Of dollars.
sec. .. Aud be IT Tnrther enacted. That the Urea.
sry notes and bonds issued under the Provisions OF
this act shall be signed gY the Flint second Comp
trpller, the egistcrn f the Treasury and counter
signed By such other officer officers Of the Treas
uTy AS the SECRETARY ui tile Treasury may designate
and all such obligations. Of the denomination Of Hitv
dollars and upwards shall be Issued under the stq
Of the Treasury Department. The resisiercd bonds
AlIal la transferable ts Is-.Es tI,o sa-,sEy
on delivery Of THE certificate, Rn lh0 coupon bonds
and Treasury notes shall be transferable delivery.
Tho interest coupons may DO signed by such person
persons. exO<utrtl in Euel manner ns may be
designated by the Secretary uf tho Treasury, who
shall TX the compensation for the same.
Sec. ). And he 1t further rnacte, That the Score
tIry Of the Treasury sHll Cause books To be opened
l1r subscription to the Treasury nuica for itIy dol
lars and upwards ut such place. rs he may designate
Ia tile Unite states, and under such rules and reE-
laiions as lie may prescribe to he superintendeI by
the assistant trerurer nt the United States at their
respective Localities and at other places by stir de-
ISsitOries PCstHastcrs aud other persons lie may
designate, notice thereof being given Ia at least two
daily papers Of this city, IN ont or more public
newspapers published In the several places where
subscription books may LcUpens; and sElterintIotrs
for such notes Hty be received from all Ierls Who
may desire to subscribe any law the contrary not
withdrawing; aud II larger amount hhRll be sub
the Secretary Of the TrgRsuFy il authorized 10 70
ecTs the same, should lac deem it advantageous TO
the public interest; and II not he shall accept the
/ amount required by giving the preference TO tho
smaller suGscriptionsi aud tile Secretary OF the
Treasury shall liz the cirmpensationg Of tie public
ocets or otlers designated for receiving said sub
srTiptOnE: Provided, That, for performing tLs or
any other duty In CcnneXlon with this act no CON.
Hcnsltipn for services rendered. shall bC allowed or
paid to any public ufcor Whuse s4lnry is established
by law and the Secretary g he Treasury may also
make such other rules ar eaulnfiops - M may
on any subscription Mt tho time Of subscribing
further payments by instalments otherwise, and
penalties for nnn-payment Of any iRstAlmcHt, and
also conserving the receipt, deposit, and safe keep
ing Of money received from such Subscriptions until
the same en bs placed in the possession Of Official
repositories OF the Treasury, any law Laws to the
contrary notwithstanding And tile Secretary Of
tho Treasury Is AlHD authorze II hs tllAl deem Il
eSpe'lient before opening books OF subscription
above provided, to exchange tot coin or pty for
public dues or for Treasury notes OF the issue Of
tWenty-thiTd OF December, eighteen hundred and
huyseven, and falling due the thirtieth Of June,
elEhteeh hundred and hiXty-One, or for Treasury
notes issued and taken In exchange for such notes
any aInOu"t OF said Treasury notes for my dOIaTS
or upwards not exceeding one hundred millions OF
see. I. Aud bs It further enacted. That. bes,r.
awarding any portion Of the loan In bonds author
lied by this ACT the Secretary Of the Treasury II he
deem y advisable TO Issue proposals for the same in
the United States shall give not less than fifteen
days public notice In two or more OF the public
newspapers IN the city OF Washington, and Ia such
other places OF the United States a. be may deem
advisable. designating the amount Of such loan the
pAee and tho ttuaO mp TO which Seals proposals will
10 received for the ne, the periods for the payment
to be paid, and the penalty for the non-payent u
any such tnStalmentE and When end where Gneh pro
sous a. he may ch0ose TO atIend and the SecTetsry
Of the Treasury 70 authorized accept the most a.
yOrAblo pTOTOaals offered by responsible biddeFs;
Provided, That Oer shan be accepted At less than
par.
Sec 5; And be 1t further enacted, That the seero-
tary o. the TrrlaIry lnay, II he dem It AdvIsAbe,
negotiate any portion OF said loan, not exceeding
one hundred mIillonH OF dollars In any irrIEn eouIi-
the uited States in Rurure and nay isEue rseis-
tered or coupon bonds for the amount thus npofin.
ted agTeeably the pGUTsions OF this act bearing
interest payable scmiannually, either Tn the UnIte
states or AZ any designated place In Europe; aud liz
Is further authorized to appoint such agent agentS
under hia Instructions, and fF paying the interest
on the same, and to hx the compensation Of such
Tlles rrEulationA and modes under which Gueh Ioan
hlall be negotiated and ahaII have power % M tbe
eVed from the Contractor foE the l6an and the ex-
change for the payment Of the principal and inter
/ est IN Europe phAlt be At The nAnis Tate
Sec. g. Aud BE- It further enacted, That Whenever
any Treasury notes, OF denomination les than ffV
doar anihoFEed % be Issued by this act shah have
been redeemed, the Secretary Of the Treasury may
reissue the same, may cancel them and iSs T,fCJ
notes to an equal amount: Provided, That tho A..
Ereate amount Of b0nts and Trrasur n1ies is-1s-J
under the toregong provisions of this act ahAn never
exceed the fan amount authorized By the fiFEt 49,
to1 OF tHia Seti and the power to Issue reissue
hFSt OF December, eighteen hunired and sixty.tvo
SC q Ard be IL flrther enacted, That Tie seere-
tAFy OF the Treasury 4 hereby anthnFtEr uhengVSr
he shAu deem it oEpelont, 70 irsue On a1chanre Tor
coin, o. N payment GOr ppbiie daeE Treasury note
OF any o. the denominations hereinbeE1re Epeeiae
bearing interest not breeding ak FER centuu nj
annums and payable at any tine pof OTeo-lIiD,,
twelve monthl nom date provided that tho anlc11f
Of notes . Issued oe pad shan At 10 time eTeci
tReuty milllonl Of IIoilaFI
Sec g. Ard b e further ruseiad gl,aA n. g..
eaFy Of TIE TrUlIuEy shall E0poFt 70 ColrrSl i1T,o
diatuly hftlr the commensurate a. ne neTi s,-i7
Ne eolat ne haa borrowed undor ~ pr1TiiAns 81
gtElt q al the proposals., deaiEualiag fhosa mi
have beel noeepted and thGae that hare hs1 r,iSrf
Cd and tie amount OF bO1dg OF TrtaElFT piu- NM
ham -been illHd N tie ana. Fl
a Al ~