Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1838-11-10

I
receivers OF public moneys within the cities Al Phi.
acepha and New Oresns, shall. upon the s7rc
direction, pay over TO The Treasurer, Of the MINIS
N Their respective Cities a, the saiI Minis. I'll pub
lie moneys collected By them or IN Their lands. amt
that all such collectors and receivers Of pvb5r mo-
neys within the Giles OF New York, Boston Charles
ton, and ii. Louis, shall, upon the same direction
pay over 10 the Receivers Genera. OF PUh9c Mo.
ney IN TER respective cites 81 their urcgs resaec-
lively, Al. the public moneys collected By them. ar M
their hands, to be safely kept by the said rrsgec-
tive depositorcs, unit otherwise disposed Of accar
ding to law; and it shall be tie duty Of tie sand
Secretary 10 direct sucn payments by the said col
leciors and receivers, al al the said places al least
as often as once IN each month, and as much more
frequently IN all cases, as he, in his dscsgtaa, NAV
think proper.
Sec. 10. And be il further enacted, Tia, il Shah
be lawful for the Secretary Of the Treasury to trans
fer the moneys in The hands Of any depository here
by constituted, 10 the Treasury 6: tie United
States; 10 the Mint at Philadelphia TO the Branch
Mint al New Orleans; or 10 tie Offices ul either
Of the Receivers General of Public Money by
this act directed TO be appointed TO be there safely
kept, aceorIsng To 1.ia rruvsgas Of tbs 1ct; ana
also TO transfer moneys ne hands oi any one de-
posjory constituted BY the same, al his discretion
end as the safety of tie public moneys, and the con-
yenlence OF the public service shall seem tn him
! tG require Aud for the purpose Of payments On
the public account I, shall be lawful for the said Sc
cretary 10 draw upon any Of the SAID repositories.
- he may think most conductive to the public inter-
este or til the convenience @! the public cred tors or
both.
See. H. .4nd be Il feather saaaitd. That the luo-
neys in the hands care and custody, Of any o.
the repositories constituted by TINS act shall be con-
sderad and held as deposited to lhc credit of the
] &C. 81. 4Il l4 si o
times subject to his DRAFT, whether made hy trans
| fer or disbursement in the same manner as though
| the said moneys where actually in the treasury Of
| the United States and each depository shall make
returns to the Treasury Department OF all moneys
received and paid by him, at such times, and ~
such form, as Shall be directed by the Secretary OF
the Treasury.
Sec. y. ind be Ii further enacted, That, Wuaucy-
ey public moneys sIa accumulate in The hand OF any
depository constituted by this act other than The
| Treasurer of the United States, the Treasurer oi
the Mutt OF the United States. the Treasurer Of Tic
Branch Mint At 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 shall for any cause, consider unsafe, and
it shah not be desirable to transfer the moneys SO
accumulated to any other Depository II shall be
lawful for the said Secretary TO ducc, tie said mo-
| ncyS, or any portion thereof 20 be specially de-
posted in such bank Of tie State or Territory
wherein the depository who is 10 make the depositc
is located, he, the said Secretary, shall select
and name Provided, The bank 50 selected vii
agree 10 receive and keep the moneys SO depostcC
with it upon the terms and conditions in the neXI
section q this aci prescribed.
Sec 49, ind be 10 ttsthey aaacged, i hat the spc
cia deposites OF the public moneys authorized b
the last preceding section Of this act to be made i
banks, shall be made in the following terms an
conditions, and upon no other, namely;
First. Al srch dep0sltes shall be strictly gpecil
: dopostes; and the banks holding them shall b
prohibited in the most eAtctuaI manner, from NAB
: ing anyus Of tie moneys deposited by way G
e oans, discounts, or in any other manner, or for an
other purpose whatsoever, and to secure 1he falf
= menI Of this condition, the Secretary ui the Treas
e ury is authorized in ls discretion 10 furnish th
: banks selected as depose banks with sales for TIA
keeping of the public money exclusively, and undo
F; the iunt control Of the bank and some designate
u officer Of the Government, or to adopt such otbC
r guards aa he shall prefer.
}, Second Nothing but gold or silver, o. sue
g notes, bills or paper, issued under the auhori
i of the United States, as may be directed 10y law
ID be received in payment OF the public dues, shall
% offered for deposlte, under the provision OF llS az
J. Third All depOses shall be passed, upon Il
o. books Of the bank, 10 the credit OF the depoSol
making the same; but no moneys deposited ~ pu
A. suauce Of this act shall be Withdrawn without q
70 expfess order OF the Secretary u the Treasury
ID the payments and 10 drafts Of the Ifcasnr
Is of-;he United States or orders or warrants oil Il
OF Secretary of the Treasury, Tor ordinary transfer
lg disbursement shall be made upon any bank seec
c ed as a deposite bank under hs act.
r Fourth A commission, such as shall be agrc
e upon between the Secretary of the Treasury a
T. the bank not in any case 10 exceed per centr
IS upou the moneys deposited with II, shall be allow
h. and paid by the United States, N full salsacu
nd Of all claims on the part OF the bank for trouble
le- risk growing out OF the receipt safe keeping
s. repayment of the special depositcs herein author
ls- ed to be made, all accounts for commissions TO
)t- audited aud paid at the Treasury OF TIE I'm,
er- Stales
m Sec. ID. It'd be ii further enacted That, in c;
ler no bank within the State or Territory wherein
Ia depository directed 10 make depostcs, is locat
nd vii. consent 10 receive the moneys Of the Cove
red ment upon special deposte according to the fore!
de- ing conditions and regulations, thai It shall be Ia
ay- f for the Secretary Of the Treasury 10 select so
nts bank in an adjoining State or errory such as u
lay be most convenient for the officer TO make depoS
] a and the public service; and IN case no conEtn.
on bank Of either character can be found wiling
I'M eceve-such dopestes upon the teFTns proposed,
Secretary may transfer the same 70 tic Treas
the eff the United States to the Mint, or the bal
Di MINIS, or to the offices OF either oi ne ietctN
the General Of Public Money rs shall be most eonY
ers lent 70 the depository from whom the money IS
10 be transferred or To the wants q the public ser'
the in reference disbursements
nts, Sec. Is. ,4nd be it further enacted, That
ca Secretary Of the Treasury shall be, aud IS her
the authorized &c cause examinations 10 be made
the the bluks accounts and money on hand OF the $
10 era repositories constituted by THIS act, and Tor
cia purpose To appoint special agents, as occasion
the require, with such compensation as he may u
in reasonable, to be fixed and declared at The hmt
the each appointment; which said examinations, IN
cases where the sum On hand usually exceeds ID
hall iourihs of the amount Of the otfcer's bond s
/ as not be made less frequently, than once N each
act, and much more frequently, in those ana al
con- cases, as the Secretary in his discretion sha az
be- The Agents selected 10 make these examlnai
MIA shall be instructed to examine as well tie books
lsed counts and re.nrns Of the officer. Tie money