Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1838-12-01

of f1c pubc moneys ani cuHiinr thr salr-kesr NO.
transfer, eui d.,b1ls-mcu. 90 t.uss manrfs % ihc
1 depns,iores csla5 lsIei bg this act
Sec. l9. ind Be Il farthfr enacted. That ali
Marshas, District Arorneys and others, having
public mnuey 10 pay 10 the United States.
and all paten'ees, wishing 10 make payment lor
patents 20 b. ssued, may make payment Of ali such
mnneys to The Treasurer Of the United States at
/ the Treasury, 20 tie Treasurer Of either Of the
/ Minis ia Philadelphia or New ORLEANS, 20 eitlsr OF
/ the Receivers General u Public Money, or 10 such
Other depository constituted By ths act as shall BE-
designated by the Secretary Of the Treasury, in
other parts Of tie United States 80 receive such pay
meni,, aud give receipts certificates Of deposites
therefor
SIC. 20. Ind be u further enacted, That an olTi-
GERS charged By this act with tie saie-keeping,
transfer and disbursement Of the Public Moneys,
are hereby required 10 keep accurate entry Of
each sum received, and of the kind OF money in
which Il is eceived, aud Of each payment or trans
fer, and Of The KIND Of currency ia which il Is made;
and rany one Of the said officers shah convert to
! his own use, IN any way whatever or shall use BY
way Of investment ~ any kind of properly or
merchandise or shall loan, with or without interest,
| any portion of Tie public moneys entrusted To him
FIR S1lr-kerppg disbursement, transfer, or for any
other purpose, every such act shall he deemed and
adJndgrd TO be cmhezztment oE 50 much Of the
sand moneys shall be thus taken, converted, it,
vested, used, or loaned which is hereby declared to
be high msdemeanor, and any officer or person
convicted thereof before any court Of the United
Stats OF competent jurisdiction, shaH be sentenced
TO Imprisonment for a term of not more than five
years, aud 10 tine equal TO the amount Of the mo-
ney cHlbczzed
Sec. 81 find be IL further enacted That in order
10 AVOID announcement or injurious accumuaiOns Of
gold and silver in the hands Of the repositories OF
the Government, il shall be the duty OF the Secre
tary " the Treasury, whenever the amount of mo-
ney N the Treasury of the United States and stand
lng 10 the credit Of the Treasury, IN the hands OF
,1e several dcp0silores, shall exceed in amount
Si,00O,000, to invest the surplus of such moneys |
in securities bearing mn interest aud issued upon the
faith and credit OF The United States, or OF some
one Of the States of the Union; in all cases Of
snch investments selecting such stocks, or sccur-
lies as are transferable by delivery or assignment,
and from the rate Of interest payable, the time or
times they may have to run, and the prices they
may bear IN the market shall seem 10 him best TO
answer the purpose for which the investments are
directed, and at no time paying more than The cur
rent value III the market for any such stocks or
securities. And whenever the amount of moneys
IN the Treasury, and standing to the credit OF the
Treasurer, shall be 50 much less than the said sum
ri SlO0OOOO as to Indicate To the Secretary that
Ihe moneys invested, or any portion thereof will BE-
required Tor purposes OF public disbursement, then
shaIl be ms duty 10 sell such portions of the stocks
md securities purchased ns may be necessary TO
deep The balance of money in the Treasury equal 10
IS wants: Prorided That in all investments to be
made ~ obedience 10 the provisions of this section,
he SAID Secretary shall cOnine his purchases Of
locks and SecurIlics ISSUED upon the faith and
Iedlt Of any State To such as have been actually is
ued by the State, and shall not be at liberty to S
uhScnbe for or otherwise purchase, those proposed I
o he issued and not IN actual existence as stocks
nd securities in the market.
Sec, %, IND be Il further enacted, That until
he rooms, Offices, vaults and safes directed bv the
pst third, fifth and sixth sections Of this act 10 be
INSTRUCTED and prepared for the use of the Urea.
urer Of the United States, the Treasurers of the
lns al Philadelphia and New Orleans and the
'ccelvcrs General of Public Money at New York,
boston, Charleston, and St. Lous. can he con- {
tructed and prepared for use, it shall b. the duty
! the Secerelry of the Treasury to procure suita-
Ne rooms Tor offices for those officers at their re-
peclve locations, and TO contract with such banks
corporations, or Individuals as may be willing
contract Tor such use Of their vaults and safes as
lay be required for The salc-keepng Of the public
loneys III the charge and custody OF those officers
fSpectlvely, the expense 10 be paid by the United !
IateS.
Sec %. End be 10 further enacted, That from
nd after the hrty-frst day of December, which
the resolution of Congress Of the thir-
eth day OF April, III the year one thousand eight
nndrcd and sixteen, so far as it authorizes the re-
cp IN payment ct duties, taxes, sales of public
~ OF the United States, as may he directed to be
eceivcd by law IN payments of the public dues
See "a. IND be HtWther enacted, That from
md ai'er the thiry-hrSt day of December, which
vll be IN me year one thousand eight hundred and
oriy-tree, every officer or agent engaged in max
mo- Ul, DUTSpmputS oI nj
nr Of the General Post Office shall make all paw
menls N gold and silver con only or IN such notes.
bills or paper, ISSUED under the authority of the
United States, as may be directed to be received
b. law; and any receiving discussing officer, or
agent who onS' neglect, evaGe or violate, The pro-
visions OF this and the last preceding section of this
act, simll be dismissed from the service, and shall /
forfeit all compensation then due to him
Sc 20 .fha De Il Further enacted, That it shall |
be lhe.duty OF the Secretary of the Treasury 10
issue and publish regulations To enforce me spredv .
presentation Of all Government drafts for payment
at the place where payable and to prescribe the
ume according to the different distances Of the de-
pnsl'orcs from the seat of Governments within |
winch all drafts upon them respectively shall be re
scented for payment which he may deem proper
See. 20, ind be 10 thther enacted, That the Re- |
eeivers General of Pubic Money directed bv this
act To be appointed shall receive, respectively the |
louoW'hS Sa'laneS per annum, To be paid quarter
yearly, AT the Treasury OF the United Staff IN wiz
the Receiver General Of Public Money at New |
York shall he pail salary of - dollars per an
mum; the Receiver General Of Public Money at
Boston shall be paid salary of - dollars per an |
mum; the Receiver General of Public Money AT
Charleston shall be paid salary of - dollars |
per annum; and the Receiver General of Public |
Money al ST. Louis shall be paid salary OF - |
dollars per anaum and these salaries respectively
shall be IN luIl for the services of The respective
officers, nor shall either of them be permitted 10
charge, receive, any commission, pay or perquisitt
Tor any Official service OF any character or descr,p
hon Whatsoever; and the making Of any such
charge, or the receipt Of any such compensation is
hereby declared 10 be a mSdemeanor, for which the
officer convicted thereof, before any court of the
United States of competent jurisdiction shall be