Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1862-01-21

Sec. .. And b. il further enacted, That WithlnslH
months after the expiration " the present. insuIrrc-
ton the corps u paympIsr and Asiiatani paylaAs
,er, shall be reduced to the number u seysntyi's
Ia tho whole
Approved, July II, 1851,
tPuBus-N0, o.
AN ACT to authorize National Loan and bf
other purposes.
BE 1t eu,cle,l by the Senate aud House II Rspre-
sentAty1s II the United states u America Ia Con
srysa assembled, That the Secretary II the Iruuury
be and ho Il hereby authorized TO hurr6w, on the
credit II tbs United States, within twelve mouths
from the passage Of this act sum not exceeding
two hundred and atty millions u d0lAts Of 50 much
th6fpOi as he may deem necessary for The public ser
vice, br which he u authorized 10 Issue coupon
bonds registered bonds or Treasury NOTES, ssci
proportions u each NJ be may deem alylsnble tho
bonds 10 bear Interest not exceeding seNru per cent
pyt nnnum, payabl, semfauuullly, ifTedcomAbr iIr
twenty years aud attef that period rtd'tmhble at
the pleasure u the United states; and The Treasury
uOis, to be u any denomination hted w. the stuc.
tAry u the Treasury, not less than my dollars hnd
10 he payable three years after date, with Interest
81 tho rate uf.ryon and threctenihs per ccntnn pet
aunum, payable senlAnnnhlly And the Secretary
OF tho Treasury may also issue IN exchange for oOln,
aud part u the above loan, Of may pay ot salaries
a. other dues from the United States, Treasury notes
OF les denomination than my dollars not bearing
interest," but payable on demand by the Assistant
Tfcasurora VI tho United States At Philadelphia, New
York OF Boston, VI Treasury notes bearing Interest
at the rate of three and sNty-tye hnndfcdlhs per
ccntum, payable In year nom late, aud ofehahg
able at any tins Tor Treasury notes inf nifty d0lAn
and upwards ,1uAblo under the authority Of this
act, aud bearing interest ~ specified abOEc Prp'l-
| drd That no exchange VI surh hntUa In any less
amount than One hundred dollAr shall be made at
any Ons tlmc! And provided farther, That 10
Treasury notes shall be- issued Of less denomination
than ten dollars, aud that the whole amount Of
Treasury notes, nOtbeatng interest Issued under The
authority VI this act, shall not exceed my millions
| Of dollars
Soc = And be It further enaccd, That tho Urea
suTy notes and bonds issued under the provisions u
this act shall be signed by the First or Second Comp
trOllC or the Register of the Treasury and counter
signed by such other officer or officer, u tie Treas
ufJ as tile Secretary Of the Treasury may lcNignalo
aud all such obligations ui the denomination III my
dollars and upwards, shall he issued under the seal
of the Treasury Department The registered bond,
shall he transferable on the books oi the Trensutl
On delivery uT the certificate. and the coupon bonds
and Treasury notes shall be transferable on delivery
The Interest coupons may DO signud by such person
or persons, " executed In such manner, As may In
| designated by the Secretary Of tho Treasury, who
| shall tx the compensation for tho same,
Sec .. And be- II further enacted, That the Sccre'
tafy Of tbs Treasury shall cause books ~ be opened
for subscription To the Treasury notes for my dol
lars and unwnrts at such places A. I'm may designate
lations "a he may prescribe to DO supcrntcnded by
tho assistant trnsrCrs VI the United States vt their
respective localities and vt other places by such de-
po-torIcs, postmnstcrs and other person. IA he may
Designate notice thereof being given In At least two
daily papers NJ this city, and IN one or more public
newspapers published In the several places where
subscription bOOksmay bcoponel; aud subscriptions
for such notes may be received from n persons who
may desire to subscribe any law 10 hecOntrary not
outstanding; aud ia larger amount shall be sub
scbcd In the aggregate than Is required at one time
the Secretary Of the Treasury ID authorized to re-
cciyo the same should he deem II advantageous to
the public interest; and II not. he shall accept the
amount required by giving the preference u the
smaller subscriptions; and the Secretary Of the
Treasury shall FIX the compenWtiOns Of the public
officers or others designated for receiving said sub
Ecrptisns: Provided, That, for performing this OF
any other duty In cOnneNlon with this act, no COM
pcnsRti0n for services rendered shall be allowed NJ
paid to any public officer whose EAry Is established
ly law; aud the Secretary o. he Treasury may also
make such other rules am equations rs he may
deem eGpCdlent touching tho instancnt 70 be paid
any subscription at tho time Of subscribing, and
further payments BY instruments Or otherwise, and
penalties sor non.paymcnt Of any insiAlmcnt, and
alsO concerning the receipt, deposit, and safe keep
ing Of money received from such subscriptions unit
the same can be placed In the possession Of official
repositories u the Treasury any law or laws to the
contrary notwithstanding. And tho Secretary Of
the Treasury Ia Rlso authorized 1.-The shall deem II
cXpedient, before opening books ul subscription ~
above provided ~ exchange Tor coin or pay FOL
public dues or for Treasury notes Of the issue o.
twcnty-thTd Of December, eighteen hundred and
nfty-Aeyen and falling due the thirteth Of June
eighteen hundred and slxty-onc or for Treasury
notes issued and taken In exchange for such nOtea
any amount Of said Treasury notes Cor my dollar
or upwards not exceeding one hundred millions oil
dollars.
Sec. 1. And DO 1t further enacted, That, beior,
awarding any portion Of the loan In bonds author
Ted by this act, the SecrctaryO Of the Treasury II he
deem II advisable to Issue proposals for the same In
the Uuted States, shall give not less than fifteen
days puhPc notice in two or more Of the public
newspapers In the city VI Washington, and In sucl
other places Of the United States as he may deem
advisable, designating the amount Of such loan, the
place and tho time up TO which scaled proposals vii
be received for the same, the periodsot the payment
and the Amount Of each instAlment In which u Il
to be paid, and the penalty for the nun.payment o.
any such instruments, aud when aud where such pro
pcsAls shall be opened in the presence Of such per
sous as he may choose 10 attend aud the Secretary
Of the Treasury Is authorized to accept the most ia
yUrable proposals offered by responsible bidders
Provided That offer thall be RecGpte at ess than
Sec. s. And be It further enacted, That the Score
tary Of the Treasury may II he deem II advisable
negotiate any portion Of sad loan, not exceeding
one hundred millions Of dollars, In any foreign cOun
try. and payable At any designated place, either III
the Uted States OF In Europe, And may Issue regis
tered or coupon bonds for the amount thus negotla
ted AgrceAbly to the provisions " this act bearing
interest payable semLAnnnAlly either In the United
States or at any designated place In Europe; and he
s further authorized TO appoint such agent agents
"A he may deem necessary for negotiating suck lean
under his Instructions and for paying the interest
on the same, and to tx the compensation Of sue
agent agents, and shall prescribe to them all the
rules regulations, and modes under which such loan
shall be negotiated, and sall have power to fix the
nate Of exchange at which the principal shall be re-
eeved from the contractors iur the loan, aud the
change for the payment Of the principal and inter
est In Europe shall he At the same rate.
Fec. g. And he II further enacted, That wherever
any Treasury notes Of denomination lees than hiiY
dollars authorized to be Issued by this act shall have
been redeemed, the Secretary Of the Treasury may
reissue the same, or may cancel them and Issue new
notes 10 an equal amount: Provided. That the aC
gregate amount Of bonds and Treasury notes issued
under the foregoing provisions Of this act shall never
exceed the fall Amsunt authorized by the first sec
ton ofthis act; and the power to Issue OF rulsue
such moi shall cease and determine ailer the thirty
INST Of December, eighteen hundred and siHty-tNo.
Sec. !. And be Il further enacted, That the Secre
tAry Of the Treasury Is hereby authorized, whenever
he shall deem Il eXpclient, TO issue In exchange lot
coin, or In payment for public dues, Treasury notes
Of any Of the denominations hercnbeioTe specified
bearing interest not exceeding six Per eentum per
Aunum, and payable at any time not exceeding
twelve months from date, provided that the amount
Of notes 80 issued or paid shall at no time exceed
twenty millions Of dolarA.
Sec &. And be II further enacted, That the secre-
tary Of the Treasury shall report TO Congress imme
diAiely after the commencement Of the next session,
the amount he has borrowed under the provisions Of
this act, Of whom, and on what terms with an alb
5tFact Of All the proposals. designating those that
have bean accepted and those that have been reject
ed aud the amount Of bonds OF Treasury notes that
| have been Issued for the sane.