Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1862-02-08

r.
Sec. @ And be II further enacted, That within six
months amer the expiration OF the present inAurreo-
torS shall b reduced to the number Of seventyfre
Approved, July II, 1881.
IPuEuo-NO. 81
AN ACT to authorize a National Loan and for
other purposes.
Be It enacted by the Senate and Uours Of Repre-
EentattVes OF the United States Of America In Con-
be and he II hereby authorized to borrow on the
credit Of the United States, within twelve months
irum tue pasAage Of this act, sum not exceeding
two hundred and Fifty millions of dollars or 80 much
thereof he may doom necessary for the public SER
vice, for which he iS authorized to issue coupon
bonds or registered bombs or Treasury pptcS,iu such
proportions Of each a. no may deem advisable; the
bonds to bear interest not exceeding Soyen er cent
per annum, payable semiAnnually, iFTedeemabIo for
twenty years, and 0fter that period redsemRble at
the pleasure Of the United States; and the Treasury
notes to be Of any denomination fixed BY the secre-
taTy Of the Treasury, not less than nifty dollars and
to DO payable three years ator date, with interest
at the rate Of seven and per eentum per
annun, payable samtannually. And the Secretary
Of the Treasury may also issue In exchange for coin
and part OF the above loan may pay tor RalRFes
or other dues from the United States Treasury notes
OF less denomination than my dollars not bearing
interest, but payable on demand by the Assistant
TreaSuTers Of tho United States ut PHILADELPHIA New
York or Boston, or Treasury notes bearing interest
At the rate OF three and Btxty.iYo hundredths per
ceutunI, payable In year from date and exclang.
able at any time for Treasury notes for tty dolnis
ana upwards, Issuablo under the authority Of this
Gct aud bearing interest as specified aboYs; PruVi-
tlod, That no exchange Of such notes ia any less
amount than one hundred dollars shall be made at
any one time; And provided further, That NO
Treasury notes shAll 10 lssued Of LEES determination
than ten dollars, and that tho whole amount Of
Treasury notes nOtbearing interest iasned under the
authority OF ths act, shall not exceed fifty millions
Of dollnra.
Sec. 2 Aud be It further enacted, That the Urea.
snry notes and bonds Issued duder the pFuyisOnR of
this act shall be signed by the First Second Comp
trOller, the Register of the Treasury and counter.
signed BY such other ofser Officers of the Treas-
ury a. tho socretaEy OF the Treasury may designate;
and all such obligations, OF the denomination or ffy
dollars and upwards, shall be issued under the seal
Of the Treasury Department. The registered bonds
shall BIO transferable the books Of the TrcasuFV
on delivery Of the certificate, and the coupon bonds
and Treasury notes shall be transferable delivery
Tho interest coupons may be sigued by such person
or persons or e1etutCl In such manner, n may be
designated by the Secretary Of the Treasury, who
shall fx the compensation for the same.
Sec. B. And be it further enacted, That the Secro-
aTy Of the Treasury ahall cause books to be opened
for subscription 70 the Treasury notes for my dol
lars and upwards, at such places aaha may designate
In the United States and under such rules and TeE-
atiopS as he may prescribe to be auPeFintenaedby
respective Localities and at other places by sueF de-
pOAtOries, poetmnStetB and other persons aS he NAV
designate notice thereof being given In at least
daily papers OF this city, and IN more public
newspapers published In the several places where
subscription bOokSmay beopened; aud Eubseriptions
ior such notes may be received from all persons who
may desire to subscribe, any law to the contrary not
withdrawing; and If larger amount shall bs sub.
scribed in the aggregate than d required one time
the Secretary of the Treasury Is authorized to
ceiTe the same, should he deem It advantageous to
the public interest; and II not, he shnn accept the
SmSOr xn t 1o d to the
Treasury shall ix the Cumpensntions or the DublIc
oeeIB or Others designated Tor receiving said sub
sertpttons Provided, That, for performing this or
any other duty In connexiOn with this act no com.
pensaton for services rendered shall be allowed or
@ any oiser WlosS salary Is established
make such other rules arr equations as he NAV
deem e3pedlent touching thu inStalmeut to DO pGid
on any subscription at tho time Of subscribing, and
further payments by instalments or othcrwise and
penalties for nOn-llaYment Of any instalment, and
aeo concerning the receipt, dePosit, and safe keep
ing OF money received from such subscriptions until
the same can be placed In tho possession OF ofcfnI
repositories Of the Treaaury, any law or laws TO the
tho Treasury 80 also authorized ifhe shall deem ID
c1pedents before opening hooks Of SubScrfptfon az
above provided, to exchange for coin or pay for
public dues or for Treasury notes of tho Issue Of
twenty-third Of December, eighteen hundred ana
hityseVen' and falling due on the tIirtiOth Of june
eighteen hundred and slxtY-ohe, or for Treasury
notes issued and taken in exchange for such notoS
any amount OF said Treasury notes for ity dollars
Or upwards not exceeding one hundred millions Of
Sec. 4 And be Il further enacted, That, before
awarding any portion Of the loan In bonds author-
deem q advisable to Issue proposals. for the Same In
the Quilted States shall give not lcss than fiteen
aaSs public notice in two or more Of the public
newspapers In the city Of Warrington, and In such
other places OF the United States Is he may deem
adTisRhle designating the amount Of such loan tho
place and the time mp to which sealed n m
be received for the same the periods I0F ne
and the amount OF each instalment in which It IN
to be paid and the penalty for the non-payment Of
any such instruments and when sud where Snch nrD-
Posas ehall be opened In the presence of such er-
eon9 as he may choose to attendj and the Secretary
o. L1S treasury = authorized 10 accept tho most d.
G9la2ie proposals offered by responsible bidders
Provided That NJ oer shall Be accepted Rt lesl than
Sec s. And be It Iarti,.r enacted That N. s..,.
taFy Of the Treasury may, II he deem Il adviSSble
negotiate any portion Of said loan mot eTreaiinf,
one hundred millions Of dollars, In any foreign cou-
tIS, ana payable at any delegated place, either In
the Uhlted States OF Ia Europe and may fgEue regis
tered OF coupon bonds FOR The amount thus ncEoffa.
ted A8reeAbly to the pfoVslonS Of this act bcSrin,
Interest payable semfannually either ii he TJnite
States or At any designated place IN Erops ana Ia
y anthoEEed to appoint such agent OF aSents
under his instrueti0ns and for pSying ts I1teEs3f
on the same, and to az the eofGnenSstion al Snsli
ssnt @ ssn9th and Sha prescribe 70 them an the
ehAl be Negotiated, and Elall have poJeF to NJ tIe
rate Of exchange at which tho principal BhalI % rp
change for the payment Of the principal aid fntsF
est IN Europe Ghall Be ct the same Fafe. = 100
sc. 9. And be IL further enacted, That EheneTpr
dollars, authOriBed % bs Issued By this a SII bJs
been redeemed, the seerataFy Of the TreSlTV NAV
reissue the same OF may cancel them and issle new
notes % an equal amount; Provided That the A..
gEeEate amount Of bonds aud Treasury noteS fSsS2I
under tSe Of this oct GhAIl never
t-LA AAeklQSSeA inc nf8S Sc
non q tha act; and the power TO issue or relSsne
such not shall cease and determine afterths thirty.
afst OF DecomoeEs eighteen hundred and s1fy.tyNo.
Bee. !. And Be C fdFthar enacted; Tbaf ~ seerS
taEI ot the & hereby Authorized WhensTSr
ne aha deom IL 0Gpedfsnt to issue In eTehSnFe Tor
eotnt O - payment for pablo dues Treasury note5
@ any o. the denominations hereinboforo gpeciae5
bearing Interest not breeding SIX pm eentum uer
annpEn, a1d payabls any time not exeeedinI
we've months nom date provided that the 6nnOunf
o. notes 20 issued or paid Ghal At no timO eYnSsI
twenty millions Of doilars - S-eSoS4
Sec 8. And be Il further enacted That ne 49,
t9ry q the Treasury shall report 10 CuDIrsS1 iSs
amer the Of the naIf seS1ioIl
ne amount he has borrowed under the rroyftionS 81
rms ec6 OF whom and on what terms With n ~.
seraeE OF AI the Frup94llS deEfEftiiiI ffo5e tfSk
have ben ard tholo that 'iiaJS
Cd, And the amount % bolis q ,StSS 49,
have be6n Issued thr tie sane -
-. 9 And b u further enacted That the rim
81 ne g.ts stss e lsaged GDr