Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1862-01-03

tile faithful performance 81 his duties and that as
sistant paymRStera shall have rank and precedence
with assistant gcons not passed, and that al ap.
Tontmeuts to MI vacancies In the eUrs Of pGynIas-
!ers shall he lnaie by regular promotion from tho
list OF assistant paynlAstGrs.
Sec. d. And be It further cnAeteI That within Sx
months ateF the expiration Of the present nsurTec-
ter, shal be reduced to the number Of seTsnty-ivO
Approved, July II, 1901:
tPuBtEC-SO, 81
AN ACT to authorize National Loan and for
other purposes.
BE 1t enacted by the Senate and House Of Repre-
Of the United stAtes Of America in Con-
he and no Is hereby authorized to borrow, ON the
credit Of the United States, within twelve months
Two hundred and nifty millions Of dollars much
thereof M he may deem necessary for the public ser
vice, for which ha Is authorized to issue coupon
bonds or Registered bOndsOr Treasury notes In such
proportions OF each rs he may deem advisable; the
bonds to bear interest not exceeding per cent.
per annuln, payable seIniAnnualy irreleemAbIs for
twenty years, and after that period redeeuAIle at
the pleasure of the United States; and tho Treasury
notes to he Of any denomination fixed by the Secre.
taES OF the Treasury not loss than ftty dollars and
To be payable three yeaTs Rfter date with interest
at tho rate ofseveD and thFeetenths per centum per
Rnnuh!, papAble semlAnnually. And the Secretary
Of the Treasury may also issue in exchange for coin
and part Of the above loan may nav for salaries
GE otheF dues from the United states Treasury notes
OF less denomination than hity dollars not bearing
interest, but payable demand by the Assistant
Treasurers Of the Unite States ut PiiAdeIphIa New
YORK or BOSTON, or Treasury notes bearing Interest
ntthe rate Of three and sixty-iye hnndredtlIs per
centuu, payable IN one year from date and excang-
able ut any time for Treasury notes for fifty dollars
ana upwards, tssuAblp under the authority Of this
uct md bearing interest specified above: Pruvf-
dcd, That no exchange Of such notes In any less
amount than one hundred dollars shall be made at
Treasury nOtca Hall lie issued Of lees demon
than ten dollars, and that the whole amount Of
treasury nntea not bearing interest issued under the
authority OF this act, shall not exceed fifty millions
of dollars
Sec 2, Aud he II further enncIed, That the Urea.
sury notes and bonds Issued under the provisions Of
this act shall lie signed by the First or Second Comp
trolcI or the Register of the Treasury and counter
signed by such other officer or Oieers Of the Treas
uty the Secretary Of the Treasury may designate:
and all such obligations Of the denomination Of nifty
dollars and upwards shall be Issued under the seal
Of the Treasury Department. The registered bonds
Ail1ll Is transferable the books Of the Treasury
on delivery of the certificate, aud the coupon bonds
and Treasury notes sliall he transferable delivery.
The Interest coupons may he signed by such peFsOn
or persons, executed In such manner, as may be
designated by the Secretary Of the Treasury WHO
shall fix the compensation for the slme.
Sec. ). And be Il further enacted, That the Secre-
tHry Of the Treasury shall cause books to he Opcnc,
r subscription to the Treasury notes for my dol
lars and upwards, Mt such places hs may designate
in tile United Stutes, AMI under such rules and TeEi.
lattons as he may prescribe, to be superintendent by
the assistant treAsurGrs Of the United States at their
respective localities anti at other places by such de-
positoTiea postmastcTE and ether persons he may
daily papers II his city, and Ia one or IoFo uu6IIS
newspapers published IN the several places where
subscription 6Oks HIRy beOPeneI; and subseriptonn
Tor such notes may lie received from all persons who
may desire to subscribe any law to the contrary not.
WtthstAndingi and III larger amount shall be sub
seTibe In the aggregate than Is required one time
the Secretary Of the Treasury IL authorized 10 re-
cclVe tho same, should c deem 1t advantageous to
the public interest; aud II not lie shall accept the
amount required by giving the preference 10 the
smaller subscriPtionsi and the Secretary OF tile
Treasury shall Tx the comPen.atOns OF the public
officers others designated Tor receiving aAd sub
seTiPtionE: Provided, That, for performing this or
any other duty In eOnnexiOn with this net, COM
ponSltiOn FOR services rendered shall be allowed or
paid to any public officer whose salary Is established
by law; and the Secretary C he Treasury may also
make such other rules are equations "a he may
deem eApC'lient touching tho instaInent to be paid
on any subscription at the time Of subscribing and
further payments by instalmsnts OF otherwise, and
penalties for nun-pNyment Of any iAStalmCnt, and
alec concerning tue receipt, deposit, and safe keep
Ing OF money received from such NhscriptoDs until
the same BIO placed in the possession OF Official
dctstOTies OF the Treasury, amy law laws TO tho
contrary notwithstanding. And the Secretary Of
the Treasury Is also authorized Il he shall deem Il
oHPetient, before opening hooks OF subscription as
above provided, to exchange for coin or paw for
public dues or for Treasury notes Of the Issue Of
twenty-thtrvi Of December, eighteen hundred and
hnysevcn, and falling due on the thirtieth Of jane
eighteen hundred aud AIxty-Oue, or for TREASURY
notes Issued and taken In exchange for such notes.
any amnu"t Of said Treasury notes for my dUIlATs
or upwards not exceeding one hundred millions Of
dollars.
sec. !. And lie IT further enacted That, before
awarding any portion Of the loan In bonds author
Ee by this act, the Secretary Of the Treasury IL e
deem adv.able to ssus proposals for the same In
the Quilted States, shall give not leas than fiIteen
days public notice in two or more Of the public
IN the city OF Washington, and In such
other places Of the United States as he may deem
advisable, designating the amDunt Of such loan the
place and the time MP to which sealed proposals will
be received for the same, the periods for the payment
and the amount Of zach instalmeat in which 1t Is
to be paid and the penalty for the uoE-paymsnt OF
any such instruments and when snd where such pro-
pOsals sha De opened In the presence Of such per.
sons rs he may ChUose to nttend and the Secretary
OF the Treasury Is authorized to accept the most "a
ToFa6!e proposals. ntierel BY responsible bidders:
PROVIDED That n OeE shall be accepted 1t lees than
PAR.
Sec. s. And be II further enacted, That the Recre-
tary o. the Treasury may, IL he deem Il ldVisabGu
associate any position OF said lean, not exceeding
Sne nneuFch nIilAoA OF dollars, In any foreign
Gnn pSIaDe Al any designated place, either in
tno 9'nted elAIeH or IN EufuTe and may iEe reYiS-
tSTS or coupon bonds 6r the atnnunt thus negOta-
S,srst :" t.,s GtoEasTas o. thIs act barring