The Columbia Democrat. [volume] (Bloomsburg, Pa.) 1837-1850, 1838-04-07


so accumulated TO any other depositary, it
shall be lawful for the said Secretary to di-
rect the said moneys, or any portion there
Of, TO be specially deposited in such bank of
the State, or Territory, wherein the deposit
tary who is to make the deposte is located,
as he, the said Secretary, shall select and
name: Provided, The bank so selected will
agree to receive and keep the moneys depo-
sted with it upon the terms and conditions
in the next section ofthis act prescribed
SEC 10. End be IL further enacted, That
The special deposites Of the public moneys
authorized by the last proceeding section of
this act to be madein banks, shall be made
upon the following terms and conditions,
aud upon no other, namely.
First. All such deposites shall be strictly
special daposites; and the banks holding
them shall be prohibited, in the most efIec-
tual manner, from making any use of. the
moneys deposited, by way of loans, dis
counts, or in any other manner, or for any
other purpose whatsoever; and to secure the
fuflment of this condition the Secretary of
the Treasury is authorized, in his discretion.
to furnish the banks selected as deposite
banks with safes for the keeping of the pub
lie moneys exclusively, and under the ioint
control of the bank and some designated Of
ficer OF the Government, or 10 adopt such
other guards as he shall prefer.
Second. Nothing but gold or silver or
such notes. bills, or paper. issued under the
authority of the United States, as may be
directed by law to be received in payment
of the public dues, shall be offered for demo-
site, or received by the banks as deposite,
under the provisions of this act.
Third. All deposites shall be passed, up
on the books Of the bank, to the credit of
the depositary making the same; but no
moneys deposited in pursuance of this act
shall be Withdrawn without the express or
der OF the Secretary Of the Treasury for
the payment; and no drafts Of the Treasur-
er of the United States, or orders or war
rants Of the Secretary of the Treasury, for
ordinary transfer or disbursement, shall be
made upon any bank selected as d.posite
bank under this act
Fourth. A commission, such as shall be
agreed npon between the Secretary of the
Treasury and the bank, not in any case to
exceed one eighth of one per centum upon
the moneys deposited with it, shall be al
lowed and paid by the United States, in full
satisfaction of all claims on the part of the
bank for trouble and risk growing out of the
receipt, safe keeping, and repayment Of the
special deposites herein authorized 10 be
made; all accounts for commissions TO be
audited and paid at Treasury ofthe Uni
ted States.
SEC. IA. ind be nfurther enacted, That
in case no bank within the State or Terrific
ry wherein tie depositary, directed to make
deposites, is located, will consent to receive
the moneys Of the Government upon special
deposite, according to the foregoing condi-
tons and regulations, then it shall be law
full for the Secretary of the Treasury to Sc
lect some bank in an adjoining State, or Ter
ritory, such as may be most convenient for
the officer to make deposites, and the pub
lie service; and in case no convenient bank
of either character can be found wllinC Ia
receive such deposites upon the terms pro.
posed, the Secretary may transfer the same
to the Treasury of the United States. to
the Mint, or Branch Mnts, or TO the off.
ces of either Of the receivers general ofpub
lie money, as shall be most convenient TO
the depositary from whom the money is to
be transferred, or to the wants of the public
service in relerance to disbursements.
SIC. Is. Ind be ufurther enacted. Tha;
the Secretary of the Treasury shall be, and
he is hereby, authorized to cause examina-
tious TO be made or the books, accounts, and
money on hand OF the several depositaries
constituted by this act, and for that purpose
to appoint special agents, as occasion NAV
require, with such compensation as he NAV
think reasonable, to be fixed and declared at
the time of each appointment, which said
examinations, in all cases where the sum
on hand usually exceeds three-fourths oftbe
amount of the officers bond shall not be
made less frequently than once in each year.
and as much more. frequently, in those and
all other cases, as the Secretary in his dis
cretion, shall direct. The agents selected
to make these examinations shall be inslruc-
ted to examine as well tie books, accounts,
and returns of the officer, as the money on
hand, and the manner oft being kept, TO
the end that uniformity and accuracy in the
accounts, as well as safety to the public
moneys, may be secured thereby
See. 10, .And beH further enacted, That
in addition to the examinations provided for
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