Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1836-06-30

respectively. passed to the credit Of the Urea
surer Of the United States ia hi, accounts
with the respective backs.
See. H. Aud be IL further enae ted, That
all warrants OF orders for the purpose of
transferring the public funds from the banks
IA which they nov are, or NAV hereafter be
deposited, TO other banks, whether % depo-
site or not, for the purpose Of accommodate
ing tho banks 10 which the transfer may be
made, OF To sustain their credit, or for any
other purpose whatever. except II be Co Ia
ciiitate ;he public disbursements aud to
comply with the provisions Of thi, act, be,
and the same are hereby, prohibited and de-
clsred to be illegal; and in cases ~ here trans-
fen shall be required for purposes Of equali-
zatIon under the prov isions Of this act, IN
conseqaesce Of too great an accumulation Of
deoosites IA any bank, such transfers shall
be made TO the nearest deposite banks " hich
are considered safe and secure, and which
can reserve the moneys TO be Transferred un.
der the limitations in this act imposed: Pro-
ruled, That Il may be lawful for the Pre.i-
dent Of the United States TO direct transfers
OF The public money IL To made, from tune
To time, To- the mint and branch mints OF the
United States for supplying metal for coin
age.
sec. -. Ard be il further enacted. That
the money which shall be- IN the Treasury Of
the United States an the first day Il Janus-
~, 1887, reser,iug the sum OF i've millions
OF dollars, shall be deposited with such of the
several States, ia proportion To their rrspec-
tive representation IN the senate and House
OF Representatives Of the United States. a,
shall by law authorize their Treasurer or
other competert authorities, To- receive the
same on the terms hereinafter specified. and
the Secretary Of the Treasury shall deliver
the same To such Treasurer, or other compe-
tent authorities, on receiving certificates Of
dePositc therefor, sigued BY such competent
suthoritic>. IN such form n may be prescrib.
cd by the Secretary aforesaid, which csrtifi-
cafes shall express the usual and legal obi.
cations OF common de po>dories OF the pub
lac money. for the safe keeping and rrpay-
ment thereof, and shall pledge the faith Of
The States receiving the same To pay the said
moneys and every part thereof, from time TO
umr, whenever the same shalt be required
10y The Secretary of tho Treasury. for the
purpose at deiraying any wants Of the pub
lac Treasury beyond the amount Of tie five
millions aforesaid:
PrOridsd, That If any State declines To re-
ceive It's proportion OF the surplus aforesaid.
OF the terms before named. the same NAV.
at the discretion Of the Secretary OF the
Treasury, be deposited with the other States
agreeing to accept the same on deposiie.
.ind prOridsd further, That when said mo-
ney, or any part thereof shall he wanted by
the sad Secretary To meet appropriations
made by law, the same shall be called for in
rateable proportions, within one year, NJ
nearly as conveniently may be, from the DIFF
La - A L -
tied. aud shall not be called for IN sums ex-
ceeding ten thousand dollars, from any one
State IN any one month. without prev ious no.
tice OF thirty days for every additional sum
OF twenty thousand dollars, which may be
required.
sec IL And be il further enacted. That
the said dePosites shall be made with the
States in the following proportions, and at
The following times, viz; One quarter part
on She first day Of January, eighteen hum
dred and thIrty-seyen, or as soon thereafte
as may he; one quarter part on the first day
OF April, one quarter part on the first day
OF July; and one quarter part on the first
day Of October. ali in the same year
Sec. Is. And be IL further enacted, That
TO enable the Secretary Of the Treasury To
carry into effect the provisions Of this act,
he be authorised to appoint three additional
clerks Tor his department. the one at n sala-
~ Of one thousand six hundred dollars per
anuum and the remaining two at a salary
of one thousand dollars each; and To pay the
said clerks quarterly, out Of any money in
the Treasury not otherwise appropriated.
In the SENATE. on Wednesday, the
bill TO regulate the deposites of the
public money came back from the
House Of Representatives with an a.
mendment-Which being taken up, the
amendment was. after short debate,
agreed 90, one Senator only (Mr. Mon
Rfs, Of Ohio,) decidedly opposing it.
Maj hH
The foregoing Bill Is in the amended form. |
The Land Bill, from the Senate, was
laid on the table in the House Of Re-
personalities, to-day, by vote of los
to 81 n