Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1862-01-09


llOn tho eorpH Of paymasterb and assistant pSymaa
terG shall be reduced to the number of sevsnty.vo
Approved, July II, 1851.
[PrRuc-SO, 81
AN ACT to authorize National Loan aud for
other purposes.
He II enacted by the Senate and House Of RenTe-
sentatiYeE Of te United States Of America In Con.
RrCss assembled, That the Secretary OF the Treasury
be and he Is hereby authorized to borrow, on the
credit Of the United States, within twelve months
truut tue passage Of this act, sum not exceeding
tNohundred and fifty millions dollars or so much
Thereof as he may deem necessary for the public ser
vice. tor which he Is authorized To issue coupon
bonds OTTegistered bonds or Treasury notes In such
proportions of each rs he may deem advisable; the
bonds to hear interest not exceeding seven per cent
per anIu, payable conference.-the rre,leeinabla for
twenty years, and amer that period re,eemAble Mt
the pleasure Of the Unitod States; and the Treasury
nOteA to be Of any denomination fixed by the Secrg-
tary OF the Treasury, not less than fifty dollars and
to lie payable three years after date with interest
at te rate Ofseven and thTectenths per ccntum peF
"nntni, paFabls saml-annualIy. And the Secretary
Of the Treasury may also issue in exchange for coin
and Is part Of the above Lean may pay Tor salaries
CT other dues from tho United states Treasury notes
Of less denomination than my dollars. not bearing
interest, but payable on demand by the Assistant
Tresurers Of the United States At PHILADELPHIA New
York or Boston or TTt. 'ury notes bearing Interest
At the rate Of thres and sixty-hvs hundTedthn per
centrum, payable In one year frUm date and exrhHnE.
able At any time for Treasury notes Tor nifty dollars
and upwards, issuabls under the authority az this
act, and bearing interest specified above: Pruvi-
ded, That no exchange OF such nCtcs IN any less
amount than one hundred dollars shall be made at
amy one time: And provided further, That no
Treasury notes shall he issued Of less denomination
Iian ten dollars and that the whole amount of
Treasury notes. otbcaring interest issued under tho
of dollars.
Sec. .. And DO il further enacted, That tho Trea
snTy notes aud bonds issued under the TOvisons Of
this act shall be signed by the First or Second Comm
tToeT or the Of the Treasury and counter
signed By such other officer officers Of the Treas
ury the Secretary OF the Treasury may designate;
and all such obligations. Of the denomination % my
dollars and upwards shRl DO issued under the seal
Of the Treasury Department. The registered bonds
shall DO transferable the books OF the Treasury
on delivery OF the certificate, and the coupon bonds
The Interest coupons may be signed by such pers6n
or pcrEons OF executcd In such manner, at may be
designated by tile Secretary OF the Treasury, who
shall FIX the compensation for the came.
Sec. 8. And be It further euAetcd, That the SeCre
t1ry Of the Treasury sall cause books to he opened
vF subscription TO the Treasury notes tor my dol
Nrs aud Upwards, at suc places hN may designate
Ia tho United Statcs, and under such rules aul Tes-
lvsuIgtS Of me United States at thSjI
respective lOcalitcs and at other places by such de-
rvstoTie JOstnstsrs and other persons as ho may
drsgnAte notice thereof being given In at least two
daily papers Of this city, and in ono or more public
newspapers published IN tile several places whcrO
subscription leoks may boUpenetl; and subscriptions
foT such notes may be received frUm all persons who
may desire to subscribe any law THE contrary not
withdrawing; aud fla larger amount shall he sub.
ecbGd in the aggregate than required at one time
the Secretary Of the Treasury Is authorized TO re-
eeive the same, should he deem II alvunthSeOust to
the public interest; and if not he shall accent the
amount required by giving tile preference 10 the
snlRllcr subscriptions anti the secretary Of tue
Treasury shall FIX tile corporations Of tho public
officers or others designated tOT receiving said suI
srrtptiOns: Provided, That, for performing this or
any other duty In cOnucxion with this act no com.
rensatou inr services rendered shall be allowed or
A to any Pubtic officer whose salary Is c4tabliketI
by Law: and the Secretary he Treasury NAV RIsO
make suck other rules are equations ~ hS ulny
deem oGpedient touching tho inAtalment to be maid
on any subscription at the tins nj Fubscribing and
further payments by instruments 6r otherwise, and
Islnltie. Tor non-paymcnt Of any instNlment, and
also concerning the receipt, deposit, and safe keep
ing Of money received fOn such subscriptions until
thC came can be placed In the Possession Of 6leiaI
contrary notwithstanding, Aud the Secretarv of
the Treasury e also authorized, II he taII deem II
eHreuentf before opening O''Oks OF subscription ~
above provided, to exchange foT coin or pay for
public dues or for Treasury notes Of the ia,re Of
twCUty-thiTIl Of December, eighteen hundred and
hnyssVcn, and falling due on the tllirtet Of June
eighteen hundred and siXty-One, or for TFeaiurv
noted Issued and taken in exchange for such notas
any amount Of said Treasury notes for ifty dollars
dollars "
Sec: I. And 10 It further enacted, That, before
9W9rdlnE any portion Of tho loan In bonds author
LED by this act the Secretary Of the Treasury II IlO
deem It advisable to Issue proposals for the le in
the Quilted States shall 1ivs not lea than fiItacs
days public notice In two or more of tho public
other places OF tue United States as he NAV deem
a1yiSable designating the amount Of such loan the
place and the time mp to which sealed proposals Will
10 received for tho same, the periods foF the Payment
and the amount Of each ihStalment In which Il Il
to be paid, and the penalty for the nOn-Iaymeht Of
auy such lnstRlmGntR and when aud where such nm
POsal8 GhNl be opened In the presence Of such iOr
sons a. h0 may choose to Nttend and the Secretary
OF the Treasury Il authorized accept the most "a.
EOrab!e propNEaln offered By responsible bidder:
Provided That offer Ahall De aeeoptelat ess than
par.
Sc g. And he It further enacted. That IN. sNer..
tary Of the Treasury may, f no deem Il adVi1abIe
& any PORTION q said lSNn, not exceeding
one hu3aTe inllliunS OF dollars, In any foreign c-
try, and payable at any designated IiISc SIfheT In
the UIted States or In Europe and may ispue regis
sta @ S3Poa oSnds Tor the amount thus negOIiA-
ed egrreably 70 tho provisions Of thls act bearing
interest payable seIninuually either In tie ITn{ie1
states NJ Nt any designated place in urOfe; and he
= IurtheF authorized to appoint such agent or necniS
a. he may deem necessary fr Negotiating ms, I5Sn
nuder hla tnEtFuctiOnS and for nSVnR fhe intsTesS
on the same, and TO hx the compensation Of Eaell
agent OF agents, and shall prescribe u them allo
rules regulations and modes nndcr which Tiieh ios
shau be negotiated, aud GAll have power to M nc
rate OF exchange at which the principal shall Dc re-
eeive from the contractors fot the loan and he az
chanse toF the payment Of the PRINCIPAL and inter.
est IN Europe Ghall be At the saHS nts.
Sec. 6. And b. Il further enActeii, That Whenever
any Treasury notes Of Denomination less than INV
dollars authorized to Be issued BIZ this set Shn hSy
been redeomed the Secretary Of the Treasury may
notes to an equal amount; Provided That tbe ~.
gregate amount OF bonds and TroAsuFy notes isuSli
exeeed the full amount authorIed by the tirEt Aee.
ton Of this act; and the power to Issue or rSIS1p
saen noS s4A and daterntna n4GeF the thirty.
hEst Of peeembeE. eighteen hundred and sixty.tVu
Zee Z. And b Il further enacted. That the Se-rO
taTy ottho Treasury L hereby authorised whenever
ne ahhu deem Il ezpefent, to issue 10 exchange for
eoans q IN Payment for public dues Treasury note
q any o. the ORGANIZATIONS hOEeinbeioFo Bpeeihed
eearinS interest," not eSeeedins sig Fer eent1pi M
annun5 and PAYABLE ct any time not excSoAinS,
tEelre months frn data, PROVIDED that the SroTunf
Of notes % Issued or paId shali a - Din. -1
twenty millions Of dollars SAesea
IS. Ard b Il further enacted, That the steTs-
~ q ne 4EsAsuEy Aal report TO Congress inln1s
sIl4tey Nts6 ms commencement OF the neTt seSSion
Ne ol1oGnt be has borrowed under TIE pTovIIio1S ~
49, u N -, a1d % what terms, With an a.
aNe Ssen aeeerted and thoso that haTS tSon r.ie+4
-. ~ - elao9nt Of bonds of TEsas1ry nois5 me