Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-03-31

--.h sureties 10 the satisfaction Of the solicl'
The Treasury and shalt from time 10 time, renew,
strengthen, and increase their official bonds, as tne De
cetary of the Treasury with the consent OF the ftesi
dent, may direct any law in reference 10 any OF Tue Of
fetal bonds of any Of the said officers 10 the contrary
notwithstanding.
SEC s. ind be it further enacted, That i, shall be the
duty of the Secretary of the Treasury at as early gay
possible after the passage OF this act TO require lou
the several depnSiiaes hereby constituted anu "nose
official bonds not herpinbefore provided Tor, 10
cute bonds, and suitable in their erIis, 10 meg. t
and increased duties imposed upon them re- y,
ly by this net, and with surelles IN sums sue" Is
seem reasonable and safe the Solicitor OF Inc IRE dsu
ry aud from time time require such pooos " "e ~
nrwcd and increased in amount anu s"eng,nenruu y
new srreties meet any increasing respohsiony w'I
NAV GROW out of accumu!aons OF money IN lie ha"oo
Of The depn,itary or IF any other duty o. RESPONSE
billy arising under this any niher law III o"hS'fss
SIC g. 9aa b. it ftrAsr cnaeted, That oil! collectors
and receivers Of public money OF every cnaaceI aHu
d.scrn,ion within the District Of Columbia, shall, as
frequently as they may be directed by The Secretary OF
the Treasury 80 do pay over 10 The treasurer OF e
IT, States at the Treasury thereof, all public moheyseo
eced by them, in their hands; that all such eo'e
tors and RECEIVERS of public moneys within the cities o.
PHILADELPHIA and New Orleans shall, upon the same VI
rec,on nav over 10 the Treasures Of The Minis IN ltr
respective cities the said mins, all public moneys
collected by them, or IN Their hnnds; aho Una: o H. ~
collectors and receivers Of public moneys within the CT
ties Of New York, Boston, Charleston and d. LOUIS
shall upon the directnn pay over 10 me receivers
general public money in their respective cues d. .tI
Offices respectively all the public moneys coecea W
them or in their lands be smelly kept ny Inc sald re-
depositures until disposed ct accord
nu to law; and it shall be the duty of the said Secretary
to direct such payments, BY the said collectors ana re-
cevers all the said places, at least as often us once III
each month, and ms much more frequently, IN oil cases
as he in his discretion, may think proper.
SEC 10. find be il further eanced Tint il shall be
lawful for the Secretary OF the Treasury 10 transfer me
moneys the hands Of any deposary hereby conslut'
III III fhn Nfnt n
del 10 the Branch Mint al New Orleans; or 10 the
offices either Of the receivers general of public moneys
by this directed TO be appointed; TO be there sa'ey
kept according the provisions OF this act and also 10
transfer moneys the hands Of any depository con.
s,uted by This any other depusitary constituted
by the at his discretion md as lte safely OF le
public moneys, und the convenience OF The pubic ser
vice. shail seem to him TO require And or the purpose
of payments the public account II shall be lawful ior
the Treasurer of The United States to draw upon uny oil
the said dppositares he may think most conducive 10
the public interests 10 the convenience o lie puohc
creditors, or both.
SEC. H. ind be it further enacted That the moneys
in the hands, care and custody of any Of the deposI:
ares constituted by this ACT shall be considered und
held deposited to the credit OF the Treasurer OF The
D. States and shall be- al all times subject TO his dralt
whether made for transfer disbursement, IN the same
manner though the said moneys were actually in The
Treasury of the u States and each depositary shall
make the Treasury Department OF all moneys
received and paid by him, at such times and IN such
lOrm, as SUdll Oe Wy SeGietoiJ u VIZ 'No
sury.
SIC l2 find bc it further enacted, That whenever
public moneys shall accumulate in the hands OF any de-
posnry constituted by this act, other than The Ireosu
rer Of the S. the Treasurer Of the Mint Of the U. s.,
the Treasurer of the Branch Mint New Orleans, and
the Receivers. General of public money. 10 an amount
beyond that secured by the bond of the officer, or which
the Secretary of the Treasury shall for any cause con-
slider unsafe and it shall not be desirable 10 transfer the
moneys Rated to any other depository, il shall
he lawful for the said Secretary direct the said mo-
neys or any portion thereof b. specially deposited in
such bank Of the State, Territory wherein the dePo
sary who 70 make The deposlle is located as he, lhe
said Secretary. shall select and name: Pr0rtdcd The
bank selected will agree to receive and keep the mo-
n"ys deposited with it upon the Terms aIA conditions IN
the next section Of this act prescribed
Sec l3 ind be il further snuctsd That the special
deposes Of the public moneys an!h"rzsd by the las,
preceding section of this be made in banks, shall
be made upon the following terms and conditions, and
upon other, namely:
First All such deposcs shall be strictly special de-
posi,es and the banks holding them shall be prohibited,
in the most 'eectua manner, from making any use Of
the moneys deposited 10y way of loans discounts or IN
anv other for any other purpose whatsoever
and 10 secure The ulfmrn of this condition, the Sfcre.
lary of the Treasury is authorized in his discretion, to
furnish the banks selected deposile banks with sales
for the keeping nf The public moneys exclusively, aud
under The "inI control OF the bank and some designated
officer Of the Government to adopt such other guaFos
as he shall prefer.
bills or paper issued under the authority Of the U.
as may be directed by Law be received in payment oil
public dues shall be offered for deposi;e received
by the bank dcpoeie, under the provisions OF ths
act.
Third All depostes shall be passed, upon the books Of
The bank TO The credit nf the hcpositary making the
same; but moneys deposited in pursuance OF this act
shall be withdrawn without the express order OF The Sc
cretary Of the Treasury for the payment ard no drafts
Ct the Treasurer Of the u orders warrants u The
Secretary Of The Treasury for ordinary transfer or dis
burscment shall be made upon any bank selected as
depnsite bank under this oct
Fourth a commission such as shall be agreed upon
between the Secretary OF the Treasury and the bank not
in any exceed oneeighh Of one per cenun upon
the moneys deposited with it, shall be allowed and paid
by the full satisfaction Of all claims on the part
Of The bank for trouble and risk growing out OF ,e re-
cep, safe keeping md of The special depo
sites herein authorized be adc all accounts tor c"i-
missions be audited und paid at the Treasury OF the
United States.
SEC IA find be ii further enacted, That, in case no
bank within the Stale Territory wherein lile aeposl
tavy directed 10 make depostes is located will consent
to receive the moneys Of the Government upon special
depnsi,e, according to the foregoing conditions a"e re-
guations then il shall be lawful for the Secretary OF he
Treasury 10 select sumo bank in adjoining State, or
Territory such us may be most convenient for the ON
Ger to make dppusfs aad the public service; anu 10
case no convene bank Of either character can oe
willing to receive such dcposites upon Inc 'es
the Secretary may transfer the same 10 the treasury "
the u S. to the Mint Branch Minis or TO the omces
Of either Of the receivers general OF pubic money Us
shall be mos, convenient 10 the depnsary from whom
the money be transferred 10 the wants oil The pup
lie service in reference TO disbursements
SEC Is find be IL ferther enacted That Che Secfrta
nv of the Treasury shall he, and he hereby, authorized
TO cause examinations be made OF the books accounts
and on of The several dcpositares constituted
by this act and for That pose appoint special agents
os occasion may require with such compensation as he
nav think reasonable 10 be fixed and declared al the
time of each appointment, which said examinations, in
ali cases where the sum on hand usually exceeds three
fourtbs of the of the officers bond, shu not be
mode less freouea,y than once in each year, and as
much more frequently, in those and all other cases.
the Secretary his discretion, shall direct The agents
selected 10 make these examinations shall be instructed