The Camden journal. [volume] (Camden, S.C.) 1836-1851, 1836-07-09

of its charter; and likewise, such other
information as may be necessary to enable
hirn 20 Judge of the safety Of its condi-
tiop.
sEe. 4. find be i. further enacted, That The
said banks, before they shall be employed
as the depoeiiories of the public money.
shall agree to receive the same. upon the
following terms and conditions. viz:
First. Each bank shal! furnish TO the
Secretary Of the Treasury. from time to
time, as often as ne may require not, ex-
ceeding once a week, statements setting
forth its condition and business. as pre-
scrihet in the foregoing section Of this
act. except that such statements need no,
unless requested by said Secretary, con-
tain list Of tho directors, or copy Of the
charter And the said banks shall furnish
10 the Secretary Of the Treasury. and to
The Treasurer Of the United States, a
weekly statemcn, Of tho condition Of bis
aceoun, upon their books. And The Sec
rc,ary Of the Treasury shall have the right
by himself. or All sgent appointed for that
purpose, TO inspcc, such general accounts
in the books Of the bank as shall relate 10
the said statements: Prouidod. That this
shall no, be construed TO imply right Of
inspecting the account Of aay private indi-
ridual or individuals with the bank.
Secondly. To crcdi, as specie, all sums
deposited therein 50 the credit Of the
Treasurer Of the United States, and TO
pay all checks, warrants. or drafts, drawn
on such dcposi,es, in specie IL required br
the holder thereof
7E;rdly. To give, whenever required
by tho Secretary Of The Treasury, the ne
cessary facilities for transferring the pub
lie funds from place TO place. within The
Uuiicd States. and the territories shcrcoi,
uad for distributing the same in payment
Of the public creditors, without charging
commissions or claiming allowance on ac-
couu, Of difference Of exchange.
Fasuhiy. To render TO the government,
Of The United States, all the duties and
services heretofore required By law TO be
performed by the late Bank Of the United
States and It's several branches or Offices.
SIC ). .5ad te IL further c:netsd, tbs: DO bank
shall he selected o. continued as place OF
dcposiic OF The public money which shall
moi redeem its notes and bills on demand
in specie nor shall any bank be selected
or continued as aforesaid, which shall nf-
ter tho fourth of July. Ia the year one
thousand eight hundred and lhsriy.s'x. Is
sue or paw ou, any note or bill Of less
denomination shan five dollars: nor shall
the notes or bills Of any bank be received
in paymcn, OF any dchi due 10 the United
States which shall, after tho said fourth
day OF July, in tho year ono thousand
cirh, hundred and lhir,y-sis, issue any n"'o
ar bill of less denomination than hTc
dollars.
SEs. 8. .aad Se II jsrtiey eaasssd, Iha; Tho sse'
re,ary Of the Treasury shall DC, and NO
10 hereby authorized. and it shall be his du-
~, whenever in his judgment tho same
shall be necessary or proper, 10 require Of
any bank so selected and employed as
aforesaid, collateral or additional securi-
lies for the safe keeping Of the public mo-
mics deposited .herein. and The faithful per-
formanee ofihc duties required By This act
s1e 4. .Sad ee It Ja,sisr e'sa1d, Thai ", " s'sai'
be lawful for the Secretary OF The Ifca-
sury, 10 enter into contract in the name
and for and on behalf Of the United States.
with ,ic said banks 80 selected or employ
cd. whereby the said banks she'll s.ipalalc.
10 do and perform The several duties and
services prescribed by this act.
sse. g. dad b f&rtaer enaasd, That no sans
which shall be selected or empioyed az
The place of depoai,c Of tho public money
shall be discontinued a. such depository
or the public money withdrawn thereffom'
Green, for the causes hereinaf,cr men'
TONED. ,ha, Is TO say: u, At any time any
ono Of said banks shall fail or refuse 10
perform any Of said duties as prcser'eet,
by this ae.. and stipulated to be performed
by i.s contract: or. if any Of said banks
shall a, any timc rcfasc 10 pay lis owu
no,es In specie IL demanded; or shall fat
to keep In its vaults such on amount o.
.peeic m shall be required BY tho seere
,ary Of the Treasury, and shall DC, in hi
opinion necessary to render The said bans
a safe depository of tho public moneys
having due regard to tho nature Of .h'
business transacted BY tho bank; in an!
: and every such case it shall be the du'!
, of the Secretary Of the Treafury to- dis
continue any such bank as depository
and withdraw from i. the public money