Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1833-12-05
DEposITEs OF THE UNITED STATES.

l., al, t3-
ITO the Honorable the Speaker Of the House Of BE-
hgdtes.
SIR-In The month OF October last, an arrangement
between The Secretary of the Treasury of the United
States and the President aud Directors the Bank Vir
gnia entered into, by which the latter agrees
ceive and disburse the United States deposes upon
tain specified terms.
Considering the large stock held by the com
monweah in the Bank of Virginia, have thought il INV
duty, as the representative OF that stock transmit the
legislature for their normaton the enclosed copy Of that
arrangement l am, very respectfully
Your ob't. servant,
l. BURFOoT, Treasurer Con'th.
Whereas the Secretary oihe Treasury has appointed
bank Of Virginia and its office Norfolk repositories in
part of the public money of the United State: Now,
therefore, the said bank agrees receive and dburse
the public money OF the United States the following
ls The said bank agrees receive and to enter TO the
credit OF the Treasurer OF the United States all
money offer be deposited the and the said
office account of The United States, whether offered in
gold or silver coin in notes OF The bank Of the United States
branches in any bank which are convertible
into in the immediate vicinity of the said bank aud
said Office in notes OF bank which they are the
time being, in The habit of receiving.
ID Ii the depOsie in the said bank and office shall ex
coed halt OF the capital stock Of the said bank actually
paid in il agreed that collateral security, satisfactory to
the Secretary oil the Treasury shall be given its safe
keeping and faithful disbursement: prov that il the
Secretary shall at any time deem necessary the said
bank agrees give cola era security, when the deposite
shall not equal one half Of the capital
3D. The said bank agrees make weekly returns Of its
entire condition TO the Secretary OF the Treasury and TO
the Treasurer oil the United States OF the
count both from the said bank and said office TO sub
nit its hooks and transactions critical .x animation by
the Secretary oil the Treasury. any agent duly auiho
rized by him. whenever he shall require IT, This exain.
nation may extend TO all the books and accounts TO the
cash on hand and 10 all the and the bank
except the current accounts of individuals far
admissible without violation OF the bank charter.
4h The said bank agrees to pay of the deposes on
hand either in the said bank the said Office all war
rants drafts which may be drawn upon by the Trea
OF the u States and TO transfer portion of
deposic other bank banks employed by the 90
within the United States whenever the Secreta-
OF the Treasury may require it, without charge the
government Tor transportation difference Of exchange,
commissions any thing else whatsoever; but the Sec
rotary of the Treasury shall give reasonable notice of the
time when such transfer will he required.
5th The said bank agrees render TO the nj
whenever required by The proper authority, all any
portion Of the services performed by the Bank the
United States or which might be fully required of
in the vicinity Of said contracting bank said Of
flee.
9th II the Secretary Of The Treasury shall think proper
10 employ agenor agents 10 examine ami report upon
the accounts and condition Of the banks la the service of
tile government, Of hem the said bank agrees To
pay equitable proportion OF his their expenses and
compensation according 10 such appOronment nav be
made by the said Secretary.
7th Whenever required by the Secretary of the Trea
sury, the said bank agrees TO furnish with all
dispatch, bills OF exchange Lond payable suc
sight be required the usual market price for the
being, without commission advance for the profit
OF said bank any charge whatsoever beyond the actual
the payment Of said bills be guaranteed by said
bank.
H. j. agreed, that tie Secretary of the Treasury NAV
discharge the said bank from the service Of the govern
meni. whenever in his opinion, the public interest may
require il.
In testimony whereof, The President and Dircc-
SEAL1 Of the said bank have ordered the corpo
rate seal OF The said bank 10 be afi xed the 22d
day Of October 1893