Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1862-02-11

Sec. 6. And be ii further enacted That within sfx
months after the expiration OF the present inaurrec
hon the c0rpg Of paymaIterH and aHsiStnnt paynas.
ters hhnl be reduced TO the number Of ssyenfy-aye
Approved July II. 1881.
GPuEuc-No. 81
AN ACT to authorize National Lean and for
other purposes.
Be It enacted by the Senate aud House OF Repre-.
sentatlves Of the United States OF America In Com
gress assembled That the Secretary Of he ,rs
be and he Is hereby authorized to borrow On the
credit Of the United States, within twelve months
two hundred and fity millions OF onra or 50 much
thereof as he may deem necessary for the public SER
vice; LOT which ne 10 authorized 20 Issue coupon
LIQUIDS or egtsteTed bonds Treasury notes. In such
proportions Of each Ms lie may deem aYfsabIs the
bonds 70 beariHiGrest not eHeeedipE per cent
per annun, payNble Bei nualIy iFTedeeniable for
twenty yeats, and amer that period fedeemalIe nj
the pleeaure OF the United States; aud the TrcsSury
nOtes to be Of any denomination fixed by the Secrs
Rry Of the Treasury, not less than hfy dollars ana
to DO payable three years amer date With Interest
at the rate ofseVen and hreetehthE per ccntum per
a1numt payable Eeml-annuAlly. And the secretHFy
Of tho Treasury may also Issue In exchange for colin
and "a part Of the above Loan or may pay Tor salaries
CT other nueH from the United states, Treasury notes
OF less denomination than my dolrF not beafliz
interest, but payable on demand by the Aaslstant
LTeasurers OF the United Stat0s At Philadelphia New
York or Boston, OF Treasury notes bearing interest
at the rate OF three and Etxty.hye hundredthS mar
oentun, payable In year from date and eXclanp-
able at any time for Treasury notes FOR nifty dollars
act, and behrin Interest specified above: ProYf-
lied, That 10 exchange OF such notes IN any less
amount than one hundred dollars shall be made a
any one time; Aud provided further, That No
Treasury notes shall he issued Of less denomination
than ten dollars, and that tile whole amount Of
Treasury notes not beArig interest issusd under the
anthony Of this act, salI not exceed my millions
Sec. . And he 1t further enacted That the --rsa.
1nry notes and bonds Issued under the nrOTiFons Of
this act shall he signed by the First or Second Comm
troler or tile Register OF the Treasury, and counter
ry a. the Secretary Of the Treasury may dPsifnaie
and All such obligations OF the denomination Of ffty
doliAra and upwards shall 30 Issued under the seal
Of tho Trenslry Department. The reEistcrcd bonds
ehail 10 transferable the books OF the Treasury
on delivery Of the certificate and tho coupon bonds
and Treasury notes hball be transferable ON delivery
The interest coupons may DO signed by such person
or persons, executed In such ulaunsF as NAV no
designated by the Secretary Of the Treasury, who
hhall nx tile compensation for tho Elmp.
Sec. q And be Il further enacted, That the secre
tary OF the Treasury thalT books 10 he opene
iaII and upuaTa AZ such places a. he may de1ignate
10 the United stateH and under Auch rules and fegu
iAtiohS e ne may prescribe, to be suPerlntondcd by
the assistant treaSnrer OF the United states at their
respective localities and at other places by such do
E0tortes, pcstmasters and other porSOns IS he ina
designate, notice thereof being given in at least o
daily papers OF this city and n one or more nuIIo
newspapers published in tlie several places where
subscription booksmay be openedi and subscriptions
for such notes may e received from all persons who
may desire to subscribe law TO the contrary not.
withstandinBi apdira larger amount shall be snb.
eeElpeu IN TIC hkFelle than Us REQUIRED at time
The Secretary Of the Treasury IL authorized to re.
eeivO the same sbUnld he deem It advantageous 10
tho public Interest; and IL not lie shall accept the
amount required by giving the preference TO tho
smsller subscriptions; and tho Secretary Of tile
TIrasury Ehali fx the Compensation OF the public
officers or Otherp designated Tor receiving said snIs
Scrtptons: Provided, That, FOR performing this or
any other duty In connection with this act no com.
Pensntlon for services rendered shall BE- allows or
PAID to any public Occr whose salary Is established
by law; aud the Secretary he Treasury may also
make such other rules arr equations a. he NAV
oeem eAPealent touching tho tnstalment to be paid
on any tqpscrtfon at the time Of subscribing, and
further payments by iustalmtnts or otherwite and
penalties for nOn-payment Of any instalment, and
also concerning the receipt, deposit, aud sfe keep.
Ing OF money received from such subscriptions until
the same can be placed In the possession OF oncial
usltoIlea OF the freasrryt any law or laws to the
| contrary Notwithstanding. And the SseFgtHFV of
the Treasury IS also authorized II lie Eal deem II
exPedient before opening books OF subscription as
above provided, to exchange for coin or pay for
public dues or for TTeaSuiy notes Of the iESre Of
tWenty'thtrd OF December, eighteen hundred and
and falling due ON the thirtieth Of June
e'Ehteeh hundred aud sixty-one, for Treasury
hoteH Issued and taken in exchange for such mote
any ameant Of said Treasury notes for my dollars
q upwards not exceeding one hundred millions OF
Sec: Z. And be II further enacted, That, bssorO
awarding any portion Of tho loan in bonds authors
ed hy thla act the Secretary Of the Treasury II he
deem advisable to issue proposals for ne sane In
tho Quilted States, shall give not less than dfesn
PUBIC u9tlee IN Two or more Of the public
other places Of the United States as he NAV deem
adHiEable designating tho amount Of such loan the
place and the time mp TO which sealed proposals mn
be received for the Eams tho periods for the payent
and the amount Of each 4nstalneut IN Which n IL
to DO paid. and tho penalty for the noRpaymenf Of
any such lnstalments and when auii heFe spe mr.
POEAls HliaI b0 opened In the nresenee OF such neT
sons a. he may choose 20 attend; aud the Secretary
OF the Treasury u authorized to accept the most IA
Norahle proposals offered by responsible bidder
Provided That offer shan be accepted at les thSn
par.
Sec. 5. And be It further enacted That the seer..
AIRY o. the Treasury may, 10 he deem Il adTfgRble
nes3tlats any portion OF eRid loan not exeeelinr
ttTy5 end payable at any designated ilars sflSEj,
die gIited States or IA Europe and nav fIie Tffs
teed or eUpP0p bonds for tho amount thus beeosia
Interest aJahie annualy, either In the Unifr
states or a. any designated place 70 Europe; and no
As he may deem necessary flF ne5tiafine Ti,ri Ss
under his Instructions and for PAVING dc EinteTSat
% ne ana g ~ the compensation Of such
rules regulations and modes under which such loan
shan Be negotiated, and ahall have power 10 az the
nate q sIehanee at which the principal sail bo re-
eeiEed from the contractors for the loan md The AZ
I9g me Iment Of the principal ana inter-
est In Europe aliA1 be At the same nate. p
Sec. Q. And be It further enacted, That Vhenever
any 1reas1rJ notes Of Denomination less than hfV
dollars authorized to Be Issued by this act Shal have
reissue the ans, may cancel them mi iScSe ~,
ilotea 20 an equal AMOUNT Provided. That thu -,
amount o. bontgA Treagury notes Issued
under the provtE0ns % ths act IaIl udyer
exeoed the tan amount authorized fy the I'M 80
tton OF this act and the power to iEzne or relEne
such not lh6n eplse and determine nffer TIE fII-t
Atst OF December eighteen hundred and sixty.tVTo
sec z. And Be u tlEthaf enacted, That the Sscrs-
tafy o. The Treasury & hereby Whenever
he ahau deem Il expedient, 70 faue IN eTehau1p fr
eoin o. IN payment for public dues Treasury note1
o. any o. the den0Hlh1tinn8 her6inbafTe toeeiaeII
Gearing intsTelt not exeoeding six per eentum peF
anngln, IND payable 1t any time not exceedinr,
sSelye tEea date provided that ths 1poOnnf
o. notes 60 Issued or paid chan AZ ~ tIT5s $3.50
twenty llfonl Of doilarl. :
: SEQ. s. And b It further enacted nat fbs 49,
- g tae shan report 70 Congress i1nnS
ne amount he has boEEOWOd unasr the proTiiurS III
fh aetI Of whom and O1What teFril JEifh -, ~
,SleSs q ~ tae Eutce9tl5 dgn1ttng khnss that
have ben aeee Ard thnla that hays been reieet
g, and the amount q bonas OF Treasury 40
lave been Issued IN the GaTaa. -
See 9. And b Il further enacted That tI,s f,JtL
= ne UNITED States e hereby solsmnly pledFod for
ne FayILelt 81 tie interest and rosaption a 49,
fS1nepAl Of tie Ian Gp thnriGod by 49, - -
see 70. And d 3 fdrth6r onAsteii Tilf IIilp@os
Visions e thAAet entitled San ct IS Suf6oFf-S r.