Vermont telegraph. [volume] (Brandon [Vt.]) 1828-1843, 1836-10-19
No. 4 ...VoL. k.

be much more beneficial to those in its inn
mediate vicinity, than to those living so re-
mote as not only to render it useless 10 them,
but their estates at the same time would not
in the least degree be affected by the en-
| HANGED value Of property located near the
route OF such improvement; yet each would
contribute precisely the same amount in
proportion to their means to its construc-
ton. We do not say that the last named
reason should govern in all cases but it
certainly should govern where, from pecu-
liar location, Networks are destitute O the
general advantages before alluded to-
But it is useless to pursue this enquiry
further. The fact is, this money does not
belong to the State. She is not entitled to
70 cent Of it. If an individual, for in
stance, calls at bank and pays 500, tax
ing from the Cashier certificate Of depos-
lite for the same,- TO whom does the money
belong 2-to the bank who has issued the
certificate engaging to repay the money
when called for? or to the person holding
the certificate? So it is precisely, in rela-
ton to the four equal installments TO be de-
posted by the General Government with
the States. The several States are mere
depositaries of the public money for safe
keeping, and when deposited will be equal
ly liable as the deposite banks noW are, for
the repayment of the same when called tor,
tho
ment of every twenty thousand dollars ex-
ceeding ten thousand. The act itself, is
called an Act to regulate the deposites of
the public money" not to gire them TO the
State; and as the thirteenth section is short
and in point, trust you will oblige me by
its publication. have taken the liberty to-
emphasize the words making the States
liable.
Sec. l3. And be it further enacted,
That the money which shall be in the
Treasury of the United States on the first
: day of January, 1887, reserving the sum OF
2 FIVE millions of dollars, shall be deposited
with such of the several States, in proper
ton to their respective representations IN
: the Senate and House of Representatives
a of the United States, as shall by law au-
:, thorise their Treasurer or other competent
# authorities to receive the same on the terms
= hereinafter specified; and the Secretary Of
70 the Treasury shall deliver the same to sue h
Treasurer or other competent authorities,
re ON receiri71g certificates Of depoSite there
it for, signed by such competent authorities,
v IN such form as may be prescribed by the Sec
=, rotary aforesaid, a0h1ch certif cates shalt e.r-
% press the usual and legal obligations OF
e common repositories Of the public money,
d toT the safe keeping and repdymes st there
# q, AND SHALL PLEDGE THE FAITH OF THE
STATES RECEIVING THE SAME, TO PAY THE
SAID MONEYS AND EVERY PART THEREOF, from,
e time to time 1chenerer the same shalt be
g reqw1red by the Secretary of the Treasury,
= lor the purpose Of defraying any wants OF
the public Treasury beyond the amount OF
the FIVE millions aforesaid The following
a Is the last proviso
= hat when said money or any part there
% OF shall be wanted by said Secretary 10
meet appropriations made bv law, the same
Is shall be called for in rateabIe proportions.
n within one year as nearly as conv eniently
1t may be, from the different States with which
% the same is deposited, and shall not be cali
y ed Tor In sums exceeding $40, 900, from any
. one otate, IN any one month, without pre-
:. Vlous notice OF 30 days for every additional
@ sum OF 1000, which may be required,
G In addition to this, the Secretary Of the
If Treasury requires the following certificate
d and pledge from the Treasurer or competent
:, authority of each State receiving the public
,, money, Now therefore, be it known, that
= | do hereby certify, that the said sum of
J. dollars and cents has been deposited by
h the Secretary Of the Treasury with the
State of Vermont, and that for the cafe
J. keeping aud repayment fine same to the
l. United States, THE STATE OF VERMONT 10
e LEGALLY BOUND AND ITS FAITH Is soLEMNLY
1 PLEDGED. And in pursuance of the author
: lty Of the act of the Legislature, for and in
/ behalf of said State hereby affix my sig
" nature and seal in testimony Of the premis-
e es and Of the faith Of said State to pay the
- said money so deposited and erery part
= thereof from time to time whenever the
;, same shall be required by the Secretary of
J. the Treasury, according to the above 18th
- section.
n We will close in our next after few
d additional remarks on the liability Of the
l. States, by noticing several objects which. %
i u.s. seem more deserving an application, Of
'e the surplus funds than any of the preceding.
A. VERMONTER,