Southern marksman. [volume] (Clinton, Miss.) 1838-1839, 1838-12-11


each Mint and Branch Mint when separate |
Offices, as a check upon the Treasures,
respectively, Of the said MINIS, or the
persons acting as such at the close OF
each quarter of the year, and as much
more frequently as they shall lie directed
by the Secretary Of the Treasury to do
So, to examine the books accounts, returns
and money on hand, of the Receivers
General of Public Money, Collectors,
Receivers Of Land Offices, Treasures
and persons acting as such, and TO make
full, accurate, md faithful returns 10 the
Treasury Department of their condition.
Sec. IL. And be it further enacted,
That the said officers respectively, whose
duty it is made by this act TO receive,
keep and disburse the public money as
the fiscal agents of the Government,
may be allowed any necessary additional
expense for clerks, fire.proof chests, Or
vaults, "a ether necessary expenses of
safe keeping, transferring and disbursing
said moneys; all such expenses Of every
character TO be FIRST expressly authorized
| by The Secretary of the Treasury, whose
directions upon all the above subjects, by
way of regulations and otherwise, are 10
be strictly followed by all the said officers.
Sec. 10. And be it further enacted,
That the Secretary Of the Treasury shall,
with as much promptitude as the conyen~
fence ofthe public business, and the safety
of the public funds will permit, withdraw
i the balances remaining with the present
Repositories of the public moneys, and
confine the safe-kceping, transfer, and
) disbursement of those moneys TO the de-
I positories established by this act.
Sec 10 And be it further enacted,
i That oil MurshaIs. District Attorney s, and
j. others, having public money to pay TO the
United States. and all patentees, wishing
to make payment for patents TO be issued
Emav make payment of all such moneys to
the Treasurer of the United States, NJ
the Treasury. to the Treasurer of either
of the MINIS in Philadelphia or New Or
leans. 10 either of the Receivers General
of Public money, or 10 such other tcpos
itory constituted by this act rs shall be
designated by the Secretary of the Irea-
sury. in other parts of the United States
; to receive such payments, and give receipts
} or certificates of deposites therefor.
Sec. 20. And be it further enacted
. That all officers charged by this act witt
5 the safe keeping, transfer, and disburse
ment of the Public Moneys. are hereb,
4 required TO keep an accurate entry @
Y each sum received. and of the .iSiud O
V money in which il is received. and OF eacI
e payment OF transfer, and of the kind o
d cIrrencvin which it is made; and if an,
J. one Of the said officers shall convert t
e BIS own use, In any way whatever, o
81 shall use by way Of investment IN an.
It kind OF property or merchandise, or shat
d loan, with or without interest, any porto
: of the public moneys entrusted To hir
# for safe keeping, disbursement, TRANSFER
or for any other purpose, every such &C
|, shall be deemed and adiudged, to!be embe2
n Element of so much of the said money
d as shall be thus taken, converted
It invested, used or loaned which is here
# by declared to be high misdemeano'
: and any officer or person convicted there
It OF before any court of the United State
e fof competent jurisdiction, shall be ser
/ fenced 10 imprisonment for term of nc
Y more than FIVE years, and to fine equal
e the amount of the money embezzled.
n Sec. 81. And be it further enacted
r That. in order to avoid inconYenieat {
n injurious Accommodations of gold and siIv'
,e in the hands of the repositories of tn
le Government, it shall be the duty OF I'll
he Secretary of the Treasury, whenever Ii
f amount Of money in the Treasury of III
al United States, and standing to the cred
* of the Treasury, in the hands OF the sea
,e era repositories, shall exceed in amour
is $1,000, O00, to invest the surplus of sue
s. moneys in securities bearing an interes
and issued upon the faith and credit OF II
4, United States, or ofsome one OF the State
III OF the Union; in all cases of such inves
Y tments as selecting such stocks, or sec
C. rites as are transferable by delivery,
al assignment, and from the rate OF intere
I'd PAYABLE, the time or times they may ha'
is, 10 run, and the prices they may bear
n market, shall seem TO him best to answ
to The purpose for which the inyestmen
ch are directed. and at no time paying mo
in than the current value in the market
iv any such stocks or securities. Al
of whenever the amount OF moneys IN I
,ss Treasury. and standing TO the credit
as the Treasurer, shall be SO much less III
III the said sum of S4,0o0,000, as to indic'
on to the Secretary that the moneys inves
Ike or any portion thereof, will be requil
TO for purposes of public disbursement, til
nd it shall be bis duty TO sell such portions
nd the stocks and securities purchased
he may be necessary TO keep the balance
he money nthe Treasury equal TO IFS wan
tic Provided, That in all investments to
made in obedience 10 the provisions
ed, this section, the said Secretary shall c