Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1838-04-05
TIE sUB.TREASURY BILL.

following synopsis Of tho provisions OF the
Sub Treasury bill as it passed the Senate :;
Treasury Building, Vaults, Safes, &c
Suitable rooms arc to be prepared IN the new
Treasury building, now erecting at Wash
iipoton. for the use Of the Treasurer and hls
clerks. with sufficient and secure fire proofs
vaults and safes, for the keeping Of the pub
lie monies under the immediate control oi
the Trcasurer-which rooms, vaults and
safes ore declared to be tho Treasury OF the
United States. .,
u. posits in The .Nilts.--The Mint Of Phil
adelphia and the branch Mint at New Or-
leans. are made places Of dcposite for the
f, public monies cole ctcd at those places the
Treasurer of the MINIS to have the custody
Of the same.
Faults and Sajrs in the Custom Houses
In the Custom Houses in New York and
Boston are to be vaults and safes, similar to
those in the Mints-fo the keeping OF the
money collected, TO be under the care OF the
Collectors are to be created in
Charleston aud ST. Louis, for the use OF the
Receivers General, with vaults, safes, &c.
Rtceip,rs General -Four officers are to be
appointed by tho Pro sdcnt, with the advice
and consent Of the Senate, to be led "Rc-
eeivcrs General of the public money" who
! hold their ffices four ycars, and are to be
located, one each, in Now York, Boston,
Charleston and St. Louis.
Collectors PosimnSttrS, &c. constituted Sub
! TrY Ynsurrs.- Treasurer of the United
States, the Troasurcrs Of the MINIS, Co'lcc
tors of Customs, all Receivers and Postmas-
tiers, are required 10 retain without loanlng
or using, ali the money they collect till call
ed for by the proper ofic~s. They are
| Likewise required to perform other duties ms
, fiscal agents, to pay pensions, &c.
| Sub Treasures Bonds.-Such bonds as
the President and Senate shall direct, to be
strengthened by new securities, when the
accumula,ions Of money in the hands OF the
depository shall make it necessary.
TRANSFER Of Dposites. The smaller sub,
Trsasurcrs are TO puy over to the larger sub
! Treasnrers the amounts collected, as otter
as once month and the Secretary OF the
A Treasury is authorized to transfer the de-
posites to and from the Treasury, the Mlnts
and Offices of the Receivers General at his
discretion-and all monies deposited, are t
be subject to his drafts.
Uposites in Banks..-When the deposite:
shall accumulate in the hands Of any OF tho
ldepositorics, other than the Treasurer OF the
/ United States, the Treasu:ers Of the MINIS
and tho Receivers General, 10 an extent con.
sidered unsafe, the Secretary shall direct {
portion to be deposited 10 somo Bank in the
State where tho depositary resides, under
the following conditions, to be observed by
the Bank. The dcpostes are TO be special
depositcs the Banks shall make no use OF
them, ond as an additional security, there
fore, safes are to be provided, to bc under
the Joint control Of the Bank aud some off
GERS of the Government nothing but gold ol
silver or tho Notes Of the United States are
receivable Oh deposite; all depositcs to be
passed to the credit Of the depository making
Them but subject only to drafts of the Secrc-
1 t,ary. The Banks are to be allowed com
mission, not 10 exceed one eighth per cent
OIL monies deposited. If no Bank in the
State, where the depository resides, can be
found willing TO receive the deposItes-some
one in ncie hboring State is to be selected
agents are to be appointed to examine the
books ard accounts Of the deposltc Banks, al
least once year.
/ Cheeks on the IrtGsTcrS.-Tho naval otii-
GERS and surveyors, os check upon the Re-
cciyers General or Collectors OF Customs, IN
this district, the Registers Of the land offices
as check upon the Receivers, and tho sn-
pcrintcndant Of the Mint, upon the Trcasur-
crs, respectively, shall every quarter examine
the books, accounts, and money on hand, Of
such Collectors, Registers ard Treasurcis
and report to the Treasury Department.
Expense Of Touits, Clerks, Sc.-The Off
GERS are TO be allowed any additional expen-
ses for clerks, fire proof chests, or vaults, OF
otl.er necessary expenses. to be first author,
lied by tho Secretary Of the Trcasury-pro.
vided lie number Of additional clerks shall
not be more than ten, or the compensation
exceed SSCC0.
The balances remaining in the old doposlte
banks is 10 be Withdrawn as soon as conven-
lent.
All payments to government may DC made
at my Of the Offices Of dcposite, and receipts
or certificates Of dcposite will be given.
Penalty for using or iooniog the Drposifes
VI any a the repositories sholl convert to hls
own use. or loan any portion Of the dcpostcs
he is to be deemed guilty Of cmbezzlemen'
Of so much az is loaned or converted, aud any
person convicted thereof shall be imprisoned
not less thnn two or more tbon five years
and pay fine equal TO the amount embezzlcd
Temporary rooms are 10 be provided Dy
tho Trcosurers, till suitable rooms can be
completed.