Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1862-02-04


dance With this section (but not ptherWise) shan DO
entitled TO receive the pay Of such grade whilst 50
acting. sr-
Sec. 5. And be It further enacted, That each as.
sstant paymaster shAl, upon his appointment enter
INTO bonds in the amount Of ten thousand dollars
with At least two good and sueient securities for
the faithful Performance Of his duties and that as
dstant paym1stera shRn have rank and pFeceiencs
essstant S9i geons not passed, and that all ap.
p0intments 70 MI TaeAnciOS in the corps Of pay1as
tera shall be made by regular promotion from the
list of assistant PaymasteFs-
Sec. g. And be it further enacted That within SfS
months after the expiration Of the present inEuTrec
ton the corps of paymAsters and assistant paYmRS
tern lhan be reduced to the number Of seTsnty-fye
Approved July II, 1851.
PuBuC-No. 81
AN ACT to authorize National Loan and for
other purposes.
Be It enacted by the Senate and House Of Repre-
EsntativOd Of the United States Of America In Con
gres assembled That the Secretary of the Treasury
Oe and be u hereby authorized TO borrow, the
credit Of the United States, within twelve months
from the passage Of this act, a sum not exceeding
two hundred and nifty millions Of dollars or 80 much
thereof a. he may dean necessary for the public SER
vice, for which he L. authorized to issue COUPON
bonds, or registered bonds Treasury notes. In such
proportions OF each as he may deem advisable; the
bonds 70 bear interest not exceeding per cent
per anuum, payable s0mi-annually, irredee1able Ior
twenty years, and after that period redeema6Ie at
the pleasure Of the United States; aud the Treasury
notes to be Of any denomination fixed by the Score
tAry OF the Treasury not less than MY dollars and
to be payable three yeaH ater date, with interest
AZ the rate OF seven and per eentum per
annuul, papable semi1Rnnually. And the Secretary
Of the Treasury may also issue in exchange for coin
and apart OF the above loan, or may pay for salaries
other dues from the United States Treasury note
Of less denomination than my dollars not bearing
interest, but payable on demand by the Assistant
TreAsuEeLH OF the United States at Philadelphia New
York or Boston, Treasury notes bearing interest
at the rats Of three and sixty-ive hundFedths per
eentum, payable In one year from date, and exchAug
able at any time for Treasury notes for atty doIas
and unWaIts, issuabls under the authority OF this
set and bearing interest Is specified above: ProVi-
ded' That no exchange OF such notes In any less
amount than one hundred dollars shall be made at
any one time; And provided further, That NO
Treasury uuteG ShAll lie Issued Of a Icxs
than ten dollars and that the whole amount OF
Treasury notes not bearing interest issued under the
authority Of this act ahAll not exceed my millions
Sec. Q. And be it further enacted, That the Urea
Gnry notes and bonds Issued under the provisions Of
this oct shan be dgned by the First Second Comp
signed by such other oGeer or oicers Of the TreSs
ury a. the Secretary Of the Treasury may desgnato
and All such obligAtioIR, of the denomination Of nifty
dollars and upwards GhAll be issued under tho seal
OF the Treasury Department. The registered bonds
GhAll be transferable on the books Of the Trs5suT
on delivery Of the certificate, and 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 hx the compensation for the same.
Sec. g. And be Il further enacted. That the Seere-
tay Of the Treasury shall cause books to be opened
for subscription to the Treasury notes for my dol
lars and upW1rts at such places he designate
IN the United States, and under such rules and Fez-
lAtons as he may prescribe, to he Superintended by
the assistant treAsureFs Of the United States at their
respective localities and at other places by such de-
Po1tOrteS, postmRstsrs, and other persons be may
Designate notice thereof being given in at least two
daily papers OF this city, and In one more public
newspapers published in the several places where
subscription books may beoPenedi and subscriptions
for such notes may be received from all persons Who
nay GeEe % sn1Sct6e any law to not
r1bed In the aggregate than u required ct one time
&he Secretary Of the Treabury Il authorized to re-
celTe tue same, should he deem II advantageous to
the public interest; and II he shRlI accept the
amount required by giving the preference to the
smaller subscriptions and the Secretary Of Tie
Treasury Bhall NIX the eompentations OF the public
oncers or designated for resolving said sub
scrptions; Provided, That, for performing this OF
any other duty In eoune1ion with this act no com.
pensaton for services rendered shall be allowed OF
paid to any pnblic Ocer whose salary Is estSblisbe
W laws and the Secretary G he Treasury may also
Il make such other rules arr equations a. he may
deem eIPedent touching thu instalment 70 Be paid
on any subscription at the time Of subscribing and
Iurther payments by inStAlments or otherwise, and
penalties for non-plyment Of any inStalmeut, and
also concerning the receipt, deposit and safe keen
ing OF money received from such subscriptions untf
tne same can bs placed in the possession Of Official
depositOries OF the Treasury any law or laws 10 nv
contrary notwithstanding. And the Secretary \
1ne 1rssry u also authorized, II he ehall deem II
expedienS before opening bOokB Of subscription n
ABOVE provided, TO exchange for coin or nav RDI
popue dues or for Treasury notes Of the tssus o.
| tEefnty- third Of December, eighteen hundred and
nfy seVen, and falling due on the thirtIeth Of June
eighteen hundred and Gixty-One, or for Treas1Ty
notes Issued and taken In exchange for such notes
any amount OF said Treasury notes for ffy oIIST1
dollars y
Sec. 1. And be 1t further enacted. That. 5bef,r,
Awarding any portion Of the loan In bonds author.
ed by tins act the Secretary OF the Treasury II lie
9een Il adTtsaole to issue proposals. for the same II
the Uutted States shall give mot less than ffteer
days public notice In two or more of the nnhIIr
9sSS%PeES IN the city Of Wellington, and In sucl
adytsable, designating the amount Of such loan IN
pIaee and the time up to which sealed proposals viii
be received for the Eame the periods Tor the payment
and the amount Of each inStalment IN Which Il i;
70 % PAID ana the penalty for the non-payrnOnt Of
sny sueh instruments, and when uud where such pro
Posas shall be opened In the presence of such per.
sons a. he may choose 10 attend; and the seeretSy
OF the Treasury is authorized to accent the most ~
provided That ofer Shan be Reospted at less thau
Sec s: Ard be It further enacted, That the seepo
taFy OF the Ireasury may, II be deem It adTlsable
negotiate any portion of said loan, not eYceeiTn1
one hundred millions Of dollars In any foreign e0r
Try, and payable At any designated IIRos eifhr ID
the U.ited StAtOs OF In Europe and NAV isTue eEi.
IaEed OF coupon bondl for the amount thus neRot
TED agreeably to the provisions Of this act beSrnl
interest payable BenIEannually, either In the Unite
states OF At any designated place In Europe; and n
Inrther authorized to appoint such agent or aEentI
under his Instructions, aud fur psyinG ne interSl
on inc same And to fx the Compensation Of such
agent OF agents and Shan prescribe to them All The
Ihal be nogotAted and shall have power to n I'm
nate Of exchange At which the principal shan bO n
CetVed nom the contractors Tor the loan and The *
ehange Tor the payment Of the principal and intkF.
est in Europe shall be At the Slnls nate.
Sec. Q. And be It further enacted, That vheleysF
any IreaEnEy notes, OF denomination les than fffJ
unmarried 70 b insue by this act ShaIl EaTS
been redeemed, the Secretary Of the Treasury M
reissue the same. or may cancel than and Issue nav
/ notes 20 An equal amount: Provided, That tie at.
/ BEegAte amount Of bORd8 aud Treasury note f1iS
under the provisions Of this act SbnlI nsVeT
Il exeaPd the mn Gnounf Auth0EiEed By the rIt -.
tnn Of this act; and the power TO lSJue or FeFs1t
such not shall cease and dotaTminS affsrths tIf
hrst OF December, sightesn hundred and Etrty-tVo
i Sec 2. And Be u further enacted Thatfhs Ser:
t9Fy o. tbs Treasury e hereby aufhorifS ISIIevsF
he shAI deem Il eIpeieut to issue IN Gxe4lues tjF
COIN. O e pAyDent dr puhiLs does Treasury nOtes
@ any O me ttQns hereinbofoFe Gpecided
fearing tntGreat net lreeeng Eix par eenfFiil -
ennun, md payable q any time not axceeii6j
elye nc1fhs tEora dAte, provided that tho ano1nf
= ~. e. 9ea g Rald shan q no time GxeSod