Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1862-02-07

acting - s ti't9 y =
soc. 5. And be 1t further enacted, That each a..
into bonds In the amount Of ten thousand dollar.
with q least two good and sufficient securities for
the faithful performance Of his duties and that as
GtStant PaymAsteEs shall have rank and preeedsuee
with assistant ulgeons not passed and that all ap-
Potntments to hl vacancies in the corps Of paymas-
tsrs ShRn be made by regular promotion fFoSn ths
Sec. 9. And be It further enacted That within sig
months after the expiration Of the present nSuTTeo
cton the corps OF p0ymagters and assistant pAySS.
teEI GhGn b reduced 70 the number Of ssY6nty.nYo
Approved, July II, 1881.
CPUmIo-No. 81
AN ACT 70 authorize National Loan and for
other purposes.
Be It enacted by the Senate and House Of RSpre-
BontatiTos Of the United States Of America In CON
gres assembled That the Secretary OF me TFeasury
be and he ia hereby authorized to borrow, on the
credit Of the United States, within twelve months
from the passage Of this act, sum not exceeding
two hundred and nifty millions Of dollars or % mue6
thereof a. he may deem nseeary for the pubic ser
vice, for which he u authorized 70 Issue coupon
bonds registered bonds Treasury notes In Sch
proportions Of each a. he may DEAN adVtsAble; the
bonds TO bear Interest not exceeding seven per cent
per annum, payable semEannuAlly, trredeemAbIe for
twenty yeaTB, and AFTER that period redeeuable at
pleasure Of the United States; and the Treasury
notes to be Of any denomination fixed by the Seere
tafy of the Treasury, not less than nifty dollars and
70 bo payable three yeard after date with interest
q the rate and throetenths per contum per
1
OF the Treasury may also issn0 In exchange for eof
and part Of lean or may pay Tor saarieS
CT other dues from the United StAtes Treasury oteS
Of less denomination than my dollars mot bearing
interest, but payable on demand by the Assistant
Of the United States at Philadelphia New
YORK or BostOn or Treasury notes bearing interest
at the rate OF three aud slxty-hTe hundFedths per
eentum, payable In one year from date and exchanE-
able at any time for Treasury notes for ty dollars
and upwatds, IsSuAble under the authority OF this
act and bearing Interest specified above: Proyi.
ded' That NO exchange Of such notes In any less
4 IN 11nh nnHn.1I
any one time: Aud provided further, THAT no
Treasury notes shall Je Issued Of less determination
than ten dollars, and that the whole amount Of
Treasury notes not bearing interest Issued under the
authority OF this act, shAn not exceed my millions
Sec. 2 And be it'further enacted, That the Tr.a-
nFy notes and bonds Issued under the provisions Of
this act Hha be signed by the First OF Second Comp
troueT, or the Regstorof the Treasury and counter
signed BY such other oiieer ofeerS Of the Treas.
ury Is the Secretary OF the Treasury NAV
and all such obligations Of the d6n6minStion 81 nv
dollars and upwards, shal be issued under the seal
| OF the Treasury Department The registered bonds
ShAl DO transferable on the books Of the Treasury
on delivery OF the certificate, and the coupon bonds
and Treasuy notes shall be transferable on delivery
Tho interest coupons may DO signed by such person
/ designated by the Secretary Of the Treasury who
i Bh0ll M the compensation for the Hams ;
Sec. s. And be It further enacted, That the Score
taFy OF the Treasury shall cause books to be opened
for subscription to the Treasury notes for fty dol
aT9 and upwards, at such places as hA may designate
In the United States and under such rules and TeF
latiOnS a. he may prescribe to be Gnperntended 81
the assistant treasurers Of te United State a sr
respective localities and at other places By such dc.
PoGtorteS pOstmasterS, and other persons he may
designate notice thereof being given in at least two
daily papers Of this city, and IN one or more public
| nSSsP4peEs Pubiished IN the several places where
subscription booksmAy beopened; and subscriptions
Tor such notes may be received from all persons who
may desire to subscribe any Law 70 theeontrary not
Wtthstandingi and ifa larger amount shall be sub.
ecbed In the aggregate than required at one time
the Secretary Of the Treasury tB RuthnfiIed to r.
ceiVe the same, should he deem It adyantnReoust d
the public fnteFe1ts haa an,
smaller subscriptions; and the Secretary Of lie
oSers others designated for receiving said SuIS
Berptions: Provided, That, for performing this 81
any other duty in eonne&ion with this act no com,
ponsation for services rendered shall be allowed o.
paid TO any public otcer Whose salary established
" laws and the Secretary e .he Treasury may also
make such other rules aEr equations a. he MAY
deem Oxpedient touching thu fnstalment 10 be Nh
on any subscription at the time OF subSCrfbinE m
further payments by ihsthlnent5 or otheFviE1 an
PeuAlhea for non-paymsnt Of any instalmeht, and
also concerning the receipt deposit, and safe keen
ing OF money received from such subscriptions unit
the same can DO placed in tho possession Of Official
dePogtOre8 Of the Treasury, any law or laws 10 m
contrary notwithstanding, And the Secretary d
the TroAsuTy e also authorized, ifhe shall deem n
expedients before opening booEs Of subscription q
above provided, to exchange for coin or pay fol
public dues or for Treasury notes Of the Issue 8
tEenty-third OF December, eighteen hundred and
htyseyen, and falling due on the thirtieth Of June
eighteen hundred aud sixty-one, or for TreasurI
noses Issued and taken In exchange for such notes
O. upwards not exceeding one hundred millions O.
Sec l. And be 1t further enacted. That. b,ior,
awarding any portion Of the loan in bonds anthor
Eed by this act the Secretary Of the Treasury IL IN
y 9SH6ie 70 Issue proposals for the same ii
Ine United states, 1hAll give not less than hEeeI
dAy1' public notice in two or moro OF the publII
neWgpApera In the city Of Warrington, and In sucl
other places OF the United States a. he may deen
adTtsabe, designating the amount OF such loan thC
place and the time up to which sealed proposals. VII
os SeesiTed toE Tie see the periods the payment
70 DO paid, and the penalty for the non-payment o
any such instalments, and when end WhstS such Irc
poses ehAIl be opened In the presence OF such per
son! a. he may choose to attend; and tie secTetSFJ
o. the Treasury q anthoFiBed to aeeopt the most n
HEa9ie PESpGsas offered BY responsible bidders
par - H4'''s
Sec. s And be IT further enacted, That the secre
taFy o. the TreaSuFy may II he deem 1T adyiSable
ne8odAte any portion Of said loan, not exeeedinG
ene hunpEed mtonl Of dollars, In any foEpign coin
tEy' and pSyable g any designated place, either Il
tered on coupon bonds for tha amount fh1S TeisffS
ted asreeaby 70 the provisions Of this act beSrins
interest payable SemkNnnuRIly, either In the United
state! or a any designated place in Europe; and ~
Iafthor authorized to app1lnt Eueh agent6 aRentI
49, nay Sy Ssem f9r negotiating such Ioal
on the same, and to M the c6npenSafi0n a S1ci
egent or agents and sha presOI6s to them all Or
ahAn be negotiated, and Ghall have poyeF % "A an
rate Of exchange at which the principal EhSi s. n
t5ta me for the loan and the Gx
est IN Europe shall Be at the came Ta4S @ t4sst'
Sec o And b u further enacted That ySbeSs3Itsti
any Treasury notes Of dsnomnat leSS th1n fffSy
dollArA authorized 70 BE- issued By this III ESl hRys
been redeemed the Secretary q tie FreStuFy ~
Fespe the same, or may cancel them md iIIISe ~;
notes % an equal amounts Provided That tie, as
gregate amount OF bonds and Treasury notSS fT5fSs
under the tNSong provisions Of this act GhaI neVoF
exeeod The NH amount Anth0EtEod By the rTt -
don OF this acti and the power 70 fSio or iGiI,iS
such moi l6ha cease and d6ternn6 after tie fhirV
hrst Of Deeembors eghteen huidrOd and sfIty%tVoss
H. Ia init
j tary OF the Treasury r herSbV Sut6sTI1S5
he ShAn deem Il a I5IiS5 49,. "