10. So much of the funds constituting the annual appropriation of eight millions of dollars, for the payment of the principal and interest of the public debt of the United States, as may be necessary for the regular payment of the interest and for the reimbursement of the principal of the stock, and for the regular payment of the annuities to be created under this contract, together with the faith of the United States for its due fulfilment, are hereby pledged in pursuance of, and according to the terms and conditions of the act of congress herein before recited. Given under my hand and the seal of the treasury of the B. 2. Secretary of the Treasury. UNITED STATES' LOAN. Treasury Department, March 18th, 1813. Notice is hereby given, that the books for receiving subscriptions to the loan authorised by the act of congress of February 8th, 1813, will again be opened on the 25th day of this month, on the same terms and conditions as heretofore, and continue so open till the 31st day of this month, unless sooner closed by public notice, at the following places, and for the following sums respectively, that is to say: At New York, for five millions of dollars Mechanics' Bank City Bank Merchants' Bank Bank of America. : At Philadelphia, for five millions of dollars: At the Bank of Pennsylvania Farmers' and Mechanics' Bank Philadelphia Bank Stephen Girard's Bank. At Baltimore, for one million seven hundred thousand dollars: At the Bank of Baltimore Commercial and Farmers' Bank Union Bank of Maryland Mechanics' Bank Marine Bank. At Washington, for three hundred thousand dollars : At the Bank of Washington Office of the Bank of Columbia. Proposals will also be received by the secretary of the treasury, until the fifth day of April next, from any person or persons, body or bodies corporate, who may offer for themselves or others to subscribe for the whole or part of the residue of the loan aforesaid, which may not have been subscribed for, prior to the first day of April next. The proposals must distinctly state the amount offered to be loaned, the species of stock or stocks which the parties wish to obtain, and the price they will allow for the same. Unless a different modification should be asked in the proposal, it will be understood that the amount loaned will be paid into the treasury in four equal instalments, viz.: on the 15th days of April, June, August, and October next; and that the stock issued will be irredeemable till the 31st day of December, 1825. If proposals shall be made, amounting together to a greater sum than that required, the preference will, on equal terms, be given to stockholders of the six per cent. stock of 1812. If any proposals differing in terms from one another, or from those on which subscriptions have already, or may be made, prior to the first day of April next, should be accepted, all the parties, including those who have already subscribed or may subscribe, prior to the first day of April next, shall be placed on the same footing, by giving to all the option either of the terms offered by them, or on which they have subscribed, or of those offered by any other persons, and which shall have been accepted. No proposal will be received for a sum less than one hundred thousand dollars. But a commission of one quarter per cent. will be allowed to any person collecting subscriptions for the purpose of incorporating them in one proposal, to the amount of one hundred thousand dollars or upwards; provided that such proposal shall be accepted. All the proposals must be transmitted by duplicates, one directed to the city of Washington, and the other (under cover of the cashier of the bank of Pennsylvania) to Philadelphia. ALBERT GALLATIN, Secretary of the Treasury. B. 3. UNITED STATES' LOAN. Treasury Department, April 15th, 1813. Those persons who have subscribed to the United States' loan of sixteen millions of dollars, prior to the first day of the present month of April, are hereby notified, that terms different from those under which they made their subscriptions, have been allowed to the persons who have taken the remainder of the said loan of sixteen millions; and that, conformably to the public notification from this department of the 18th of March last, those who subscribed prior to the first of April, have the privilege of taking the terms thus subsequently allowed; and which terms are as follow, viz. : 1. That the subscriber shall receive a six per cent. stock, the interest payable quarter yearly, redeemable at the pleasure of the United States, at any time after the end of the year 1825, at the rate of eighty-eight per cent.; or 100 dollars in stock for 88 dollars in money; or 2. That the subscriber, for every hundred dollars in money, shall receive one hundred dollars in the same species of six per cent. stock, and an annuity for thirteen years from the first day of January last, of one dollar and fifty cents, payable quarter yearly. The subscribers who may wish to avail themselves of these terms, will present their scrip certificates to the cashier of the bank by whom they were issued, and will express in writing, on the face of the same, which of the above terms they will elect to accept, and will receive from the cashier new scrip certificates conformably thereto; the payments upon which, and funding whereof, are to be effected in the same manner as before. Such subscribers as have already completed their payments, and obtained certificates of funded stock and annuities, on the terms originally proposed, are to surrender the same to the commissioner of loans, or to the register of the treasury, by whom they were issued, expressing their election in the same manner; and will receive from him certificates of funded stock, and of annuities, as the case may be, in conformity with the election they may thus make. ALBERT GALLATIN, C. View of the Sinking Fund, for the year 1813. The balance belonging to this fund remaining unapplied on the 31st December, 1812, per report of commissioners to congress, of February 6, 1813, was The annual appropriation for the year 1813 Making together There was applied during the first quarter of the year 1813 Leaving to be applied in the three last quarters of that year $3,550,369 11 8,000,000 11,550,369 11 1,036,868 28 10,513,500 83 The manner in which the amount will be applied in the year 1813, is as follows: Interest and reimbursement of old six and deferred stocks, estimated at Interest on exchanged six per cent. stock of 1812 $ 2,160,000 180,000 Brought over There was paid on account of the above, in the first quarter of 1813 Leaving payable in the three last quarters of that year, say And will leave to be applied to the purchase of stock, or to be carried to the sinking fund for the year 1814 10,040,000 1,036,868 28. 9,000,000 1,513,500 83 $10,213,500 83 END OF VOL. I. NOV 2 1917 |
