Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1838-11-03

Transfer. ani disbursement o. thosc moue.s 81 Ma.
dTH1z.'Fr.rs e-t5t shed b. tbs act.
See. ~. Ind BE- e further eAacfs2 That All
Aarsls, District Attorneys, aud Others, having
public money to pay t0 The United States.
aud at p1ttufee5. wishing 90 make payment for
patents 90 De- issued, may make payment OF an such
moneys 90 the Treasurer of he United States. al
ihe Treasury, % the Treasurer Of either Of the
MHfs boo Philadelphia or New Oreaus % either Of
Doe Receivers General II Pubic Money, OF 10 such
other depository constituted by Ills act as shall be
designated by the Secretary Of tie Treasury, in
other parts OF tie United States 10 receive such paw
menis, and gi'c receipts OF certificates OF depOslies
therefor
SIC. 20. Ind be Il further eRacted That al Off
GERS charged bg this act with the saie-keeping,
transfer, and disbursement Of the Public MONEYS.
are hereby required 10 Keep an accurate entry Of
each sum received, and OF The kind Of money in
which il IS eceyed. and of each payment or trans
fer and Of the kind Of currency 10 which il Is made;
and # any one Of the said officers shall convert 10
hs own use 10 any way whatever, Dr shall use b.
way OF investment IN any kind of property or
merchandise or shall loan, with or without interest,
any portion Of the public moneys entrusted 10 Inn
for sae-kecpIng, disbursement, transfer or for any
other purpose, every such act shah he deemed and
adludgcd 10 be enbezzIcmenl Of so much of the
vested, used, or oaned which is hereby declared To
be high mlsdemcanor and any officer or person
convicted thereof before any court of the United
States Of competent jurisdiction. shall be sentenced
10 Imprisonment for term Of not more than five
years, and To line equal 10 the amount OF the mo-
ney embezzled
Sec. u. find be Il further enacted, That in order
TO AVOID nconvenient or injurious Accommodations of
gold and SILVER in the hands Of the repositories of
NE Government, II shall I've the duty of the Secr.-
AIRY OF the Treasury, whenever the amount Of mo-
ley IN the Treasury Of the United States aud stand.
ng To the credit OF the Treasury, IN the hands of
he several repositories, shall exceed IN amount
$ 100000, 10 invest the surplus 81 such moneys
securities bearing an interest, and issued upon the
lith and credit Of the United States, or Of some
me OF the States of the Union; in all cases Of |
nch investments as selecting such stocks, secur-
hes as are transferable by delivery or assignment,
nj from the rate Of interest payable, the time or |
mes they may have 10 rum and the prices they |
lay bear in the market shall seem 10 him best to
nswcr the purpose for which the investments are
recled, aud at no time paying more than HE cur
nj value IN the market for any such stocks or
cuHtleS. And whenever the amount of mCneyS
The Treasury and standing 10 the credit o. the
reaSurcr, shall be so much less than the said sum
Sl,ooo,OOO, as to indicate to the Secretary that
4
CURED for purposes of public disbursement, then
'ha'l be his duty 10 sell such portions Of the stocks
ID securities purchased as may be necessary to
cp The balance Of money IN the Treasury equal 10
wants Pfortded, That in all investments 70 he
iue III obedience 10 the provisions of this section
Sa'd secretary shall eontnc his purchases of |
chs ana securities, ISSUED upon the faith and {
dil OF any State to such as have been actually is
"a ny the State, and shall not be at liberty 10 ;
scribe Tor, or otherwise purchase, those proposed
ne issued ana not IN actual existence as stocks |
J securities ii The market i
Sec. ~ IND be a further Cnactcd, That until c
rooms, Offices, vaults and safes, directed by the \
l. lhTd, llth and sixth sections OF tins act 10 be
s'ructcd and prepared for the use Of The Tre1.
'r OF the United States, the Freasurers Of the
nus at Philadelphia and New Orleans, and the u
'eVer5 General Of Public Money at New York. I
'ol' Charleston, and st. Loujs, can be con- I
c'ed ana prepared Tor use, il Shall be the duty
"c ot'tIeiY Of the Treasury to procure suita-
rooms Tor Offices for those officers az iheir re-
clFe locations, and TO contract with such banks. /
operations, or individuals as may be WILLING
ontract Tor such use Of their vaults aud safes as
be required for the sate-kceping OF the public u
leys IN the chage and custody of those officers e
tcufey, the expense 10 be paid by the United II
teS a
' - IN" De 20 JHrfhtr tHUtfCu, 1 nat from q
alter the thlrty-hrst day Of December, which :,
he IN the'year one thousand eight hundred and ;,
Weight, the resolution of Congress of the thir- 7
day Of April, in the year one thousand eight q
lred and sixteen, 50 far as it authorizes the re- II
~ payment OF duties, taxes, sales Of public 81
s. denlS, and sums o money, accruiny or be- G
ing payable to the United States, TO be collected Ii
a'l III inc notes OF specie paying banks, shall be |,
loulied as mat one-slXth part of all such duties .
y, saes OF public lands debts, aud sums of mo- '
acerulng or becoming due to the United States, "
be collected in the legal currency Jfthe United |
eS and iIom and after the thirty-frst day Of a
eInoer, winch will be in the year one thousand "
u hundred aud thirty-nine one other sixth part Il
Such uutles, taxes, sales OF public lands, debts
sums OF money, shall be SO collected; and from :,
Alter The thirty hrst day OF December which will
lle year one thousand eight hundred and forty, p
other sixth part of all such DUTIES taxes. sales Il
public lands, debts, and sums Of money, C
i be SO COLLECTED; and that from and az
Ile 'mrty-hrst day of December, which
ne IN The year one thousend eight hund. n
ana lofly-one, one other sixth part Of all such
'eN taxes sales oil public lands, debts, and sums .
money, shall be so collected and that from and i
7 'he the thTty-tirst day Of December, which d
NC III the year one thousand eight hundred and y
y-'"o' one Other sixth part OF all such duties, i
~ '"Weoi PuohC laudS, debts, and sums Oi mo- Q
Sial DC SO collected; and that from and after i
hIr'y-hrst day of December, which will be in
year one thousand eight hundred and iorty-thrce,
remaining sixth part of the said duties, taxes !
y 81 public lands, debts, and sums oil money, I
u u ne SO collected in the legal currency of the {
l"u states aud from and after the last mention G
pIay an sums aecruing, or becoming payable to I
on'cu states, Tor dues taxes, sales of public I
vs. VI otner DENTS and also all sums due for post
y OF otherwise 10 the Genera! Post Office De-
lment, shall be paid IN gold aud silver only, or c
uCl uoIes' hs or paper. issued under the author
" 'ne United States, as may be directed to be (
SNea oy law IN payments of the public dues {
= 1~, -, ma DC u further enacted, That from
4 si'er tlc thirty-hrSt day of December, which ,
! ne N 'he year one thousand eight hundred and /.
'y-three' every officer or agent engaged IN max :
disbursements on account Of the United States !
" 'ee Genera Post 0thcr, shan make all nav.
nus N gold and silver CON only, or N such notes
IS, OF paper issued under the authority of tho I
','eu states, VS. may be directed TO be received :
Jaw anu any receiving or diSbursinr officer. or
oh Nl u