Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1836-07-07

public creditors, without charging commissions o.
claiming allowance on account OF differences ri eN
change
Fonrilly To render TO the government oi the
United States, all the duties and services hereto
fore required by law TO be performed by the late
Banks Of the Quilted states and 'tf several branch
Is or offices.
SuCTfoN d AMI DC II further enoctcd, Int
no hank shall be selected or continued place
ofdeposite of the public money winch shall mol re-
deem, il, note, and bills demand III specie; nor
.h,D any bank be selected nr continued aiorc-
aid which shall after the fourth of July, III the
wear one thousand eight hundred aud thirty
si> iSgIr or paw out any note OF ball NJ less
drnomi. atom dian five dollars; MOI shall the note.
81 bill, oi any bank be received IN payment OF any
deb: due 10 the United States which shali, alta
the said fourth DAY OF July, IN the year one thou
sand rht hundred and hr,y six, ss,Ic any nots III
hl OF a less denomination than five doIl.rs
Slcrios q. And be II further enacted, That
the Scctetar, OF the Treasury shlll be, aud he u
hcrchy authorized, and /, shall be his duty when
ever ia lis Judgment llle same shall be necessary
or propcr 10 require oi any bank 50 selected and
employed - aforesaid, collateral or additional Sc
curltc, fol the safe keeping OF the public moneys
deposited therein, and thu faithful performance OF
The duties required by this act
SECTION T. And be II further enacted, hai II
STALL be lawful or the Secretary Of the Treasury,
10 enter INTO contracts III the name and Tor and on
behalf Of I've United Static, with the said banks 50
selected OF employed, whereby the said banks
dali stimulate to do and perform the several duties
aud services prescribed by this act.
SIC Z. And be II further enacted, That no
bank uhirh shall be selected or employed as the
place oil deposit Of ilr pnhl,c money, shall be
discontinued as such depository, the public
a. II, t.i i1t
eau.cs hereinafter mentioned, hat !. 10 say ::
II At any time, any one Of said bank. shall
tail or refuse to perform any OF SAID duties rs
prescribed by this act and stipulated TO be perform
I'd bv lis contract If any Of said banks shall AT
any time refuse TO pay It's own notes III specie n
demanded or Shall iail TO keep IN lis vaults such
m amount Of specie as shall be required by the
Secretary Il the Treasury, aud shall be in his J.
pinlon necessary To render the said bank "A safe
depository the public moneys, having due re
gard to the nature OF the business Transacted by the
bank in any and every such CAKE, II shall hc the
ntv of the Secretary OF the Treasury to dsconiln-
nc such bank a. depository, and withdraw
from IT the public moneys which IT may bold OF de
post At the time Of sueh di,Contlnuancc And IN
ease of the disconlinuance Of any OF SAID banks, II
! shall be the duty Of the Secretary OF the 1feasu-
~ Ia report To Congress Immediately II in stsSion
and # moi III session, then II the commencement OF
rs next session, the facts aud reasons winch have
induced such disconllnuancc. And IN case o
tn, discontinnancc Of any Of SAID banks as "A place
Of ,l,posit of the public money for any OF
tllo causes herein before provided, II shall
] be liW iul tor the Secretary OF the Treasury
10 deposit the money thus Withdrawn IN
j some other banks of dcpo,,t already select
ed q, to select some other bank az u place of de
positr, upon the terms and conditions prcAcri-
bed b, In, act And IN default of any bank 10 re-
c,i,c such dtpost the money thus Withdrawn
4 shall be kent by the Treasurer oflhc n,d State,
arrordnr To the laws now IN force. and shall be-
.nblcct TO l.. di,lus,d according TO law.
SrCr,oN q And h, !, Grthc, enacted. That
until the Secretary OF the Treasury shall have Sc
, lrctcd and employed the SAID banks rs places Of
deposit OF In, pubic money III conformity 10 the
prov i>ons of tins act the several State and Di,-
trct banks at present employcd rs drpositorleS of
money Of the United States shall continue 10 h,
ib, dr,o.,tor,,s olorcSa,1 upou ia, terms and CON
duiunS upon which they have been SO ,mploy.d.
SECTION 10 And hc IL further enacted That If
shall be the duty of the Secretary of I'm, Treasury
10 lly before Congress, AZ the commencement OF
each annual session a statement ot lin, nu,nbr, and
names of the banks .mployrd a, drpo,uo,ies of
public money of then condition. and the, amount
of rub IL money d,posiled IN each As shown h1
lhci, returns at lc Treasury; and il, tI. s,oclion
OF any bank as u depository of the public money
J be made by the Secretary of the Treasury. vmlc
+ Cunlrcss is IN session. hc shah Immediately re-
port 4 name and condition OF such bank 10 Con
ercS, and II any such selection shall be made du-
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