The tri-weekly standard. [volume] (Raleigh, N.C.) 1866-1868, 1866-03-27
TCtaD. V
An ACT to Authorize National Loau for OF +

purposes.
Be it enacted by Jig ser1ate and House Of ReI,r-
seraiycs Of TN. U1tcd States of America IN -
ssrass assembled, That the Secretary OF tie Tres
ury hc, and H. Is it.ruh u: ho-.Zcd to b0TrOT-
month; i:a'n IL" passage Of this st, srm moi
,cding two !uTcrrt an fly millions Of j.
lara, or .1Ech thereof a. lie may deem !
~ for the !,vi,,:- service, for which he is auta'-
lied to Issue col.,on o,1,i- Of registered bon;<
Or treasurr notes, in such proportions of each -
he inlay deem! advisable: III" bonds 20 bear I'M y
est not exceeding seven PER contum pei dnIl:'.!,
payable srmf-anR0aiiy, irrytI@enabic iur twesi.
yeUrS and ;..tCT that '. rios: rtdCcmabic ut ne
pleasure OF the United Sta:*.s: and the treasury
notes 10 c OF any denomination fixed by the =.
rctnr, ott'le Treasury, MOI less than fifty doil:,
and to he payable three years after date, with IN
tGrast ~ -" rate of and three trn!!.s pr
ccHttt;a pr anuum, pay0hic s1:ni-annually. AID
the Secretary 81 the Treasury may also is il
exchange !pr coin, :tii part If the above loan,
ur may p2T i.3r salaries other du2S from the
mt STATE tre,, Hry notes OF less deHoTniiI;'-
tion t;lan fifty dollars rot bearing interest 1T
OF the United States If PHILADELPHIA New YORK
Or Boston, or treasury N0tc5 hearing j. rest ut
the rate OF three and siXty-iiVc hundrcdt!is ~
ccntun, PAYABLE in one year from date and *
c!ilncaEi" ii an time for treasury notes for fl Y
dollars. unt upwards, i-;Iiabe under the au!hu~:-
ty Of tits ACT, ail BEARING Interest IS spcci.
above Provided, That 10 exchange of s:tch notes
i'll any les amount than one hundred dollars sls.l!
be made nj any one time: Md provided f,lrth"r
That no treasury notes sal be issued of lc.s
denomination than len dollars, and that the whole
amount Of treasury n"'"+, not bearing intert T,
i=eld under tie :.:,thori; Of this act, si, NET
exceed fifty millions IF dollars.
So. :. And be it further enacted That tie
treasury no:"s, aud bonds issued under tie p :
visions OF til; act shall be signed by the First r
Second Comptroller, or the Register of the Tre3s
ury, aud counter signed iy such other officer or
ofi:cls Of the Treasury as the Secretary of the
Treasury may dC&i.;ilatr; and all such obliw1-
tons, of the denomination OF fifty dollars and uD-
wards, shall inc issued under the seal of the Treas
ury Department. Tie registered bonds shall be
transferable the books OF the Treasury on tie
delivery OF the certificate and the coupon bonds
and treasury notes shall be- transferable by dcliv
cry. The interest COUPON. may be simnad by such
person or PERSONS, or executed in such manner
as may be dcs;~n,ted ny the Secretary Of Urea,
sury, who snail IL; the compensation for the
same.
SEC. s. Aud he il further enacted, That the
Secretary of the Treasury shall books to be
opened for subscription to the treasury notes fI.
fifty dollars and upwards at snch places as he
may designate in The United States and under
such rules aud :. ~ulations as he may proscribt,
10 be superintendent hy the Assistant Trcasurvrs
OF The United States al their pcctive localities
and 1T other places, Ivy auch depositaries, post
masters, ana other persons as he may designate
notice thcrvo: hring given i'll at least two dai' Y
papers OF tbis city, AID in one or more public
newspapers published in the several places where
suhs"-, nton /. o:,S may he oporel; and s:,i,.
SCRIP on; fer stcA II may be received from
AL person VINO may desire TO subscribe, any law
10 inc con. AIRY 40" hstnndiI g and if larger
amount snail - -, ,rIihtd in the aggregate than
Is REQUIRED ~ 80 lI'n:', the Secretary is auth2-
fiZ2d to receive SAC same, should he deem If adj
TantaAs""i' /" IN" pGblic interest; and if not lac
snail acctp: tsi@ amount required by giving the
preference to NE smaller subscriptions; and the
Stcfeta"y 81 thr Treasury Shall fix tie compclisa-
tIoi!e OK ne i'ui'!" officers or Others designated
1or rec! I!HG said subscriptions: Provided That
Tor rer.2r.ni",c The or any other duty in connec-
ton witt III, 'i"t, 40 compensation for services
rendered s'!" - allowed OF paid % any l.uh,ir
Ollie who" S"lary i established Ly law and
t'ie SECRETARY OF III" Treasury may also make such
Other rnl''' Id r rt lions he may dcenl cx-
pati"nt t"n"'!iH!: t'i'. instrument to be paid o..
any +uhs"?ii'i':: ~ the time OF snbscLbi:" and
1HF5!itr payments by instruments or otherwise
ant li:h'r e. 10" non payment Cf any instalmcnt ,
and also concerning the receipt dcrosit and safe.
Keeping 81 money received from such subscrip-
lions, until the same can he placed in the pos
session OF the official Repositories of the Treasury
an law Or laws TO the contrary notwithstanding
a." INC Secretary OF the Treasury is also autho-