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

which The Secretary snaH, loF any Nduse;
consider unsafe, and it shall not be desi~
rable 10 transfer the moneys 80 accnmu-
| lated TO any other depository, It shall be
lawful for the said Secretary to direct the
said moneys, or any portion thereof, 10
he specially derosited in such bank of the
State or Territory, wherein the depository
who is TO make the deposit is located, as
he, the said. Secretary, shall select ana
name: Preceded, The bank so selected
will agree to receive and keep the money
so deposited with it upon the terms ana |
conditions in the next section OF th's act
prescribed.
Sec. IL. And be it further enacted. |
That the special deposites OF the public
moneys authorised by the last proceeding
section of tins act 10 be made M banks,
shall be made in The following terms and
conditions, and upon no other, namely:
First. Ali such deposiies shall he street
!. ly special deposites; and the banks hold
ING them shall be prohibited, in the most
eifectual manner, from making any use
of the moneys deposited, by way OF loans,
discounts, or in any other manner. or for
any other purpose whatsoever, and 10 seS
cure the fulilmcnt of this condition, the
Secretary of the Treasury is authorised,
/ in his discretion to furnish the banks Sc
lccted as deposit banks, with safes
for the keeping of the public money
exclusively, and under the joint control
ofthe bank and some designated officer
of the Government, or to adopt such other
} guards as he shall prefer.
Second Nothing but gold or silver, OF
such notes, bills or paper, issued under
/ the authority of the United States, as
r NAV be directed by law to be received in
. paymcnt of the public dues, shall be offer
ed for deposite, under the provision of this
! act.
: Third. All deposites shall be passed,
: upon the books of the bank, 10 the credit
c of the depository making the same; bat
+ no moneys deposited in pursuance q. thiS
= act shall be Withdrawn without the ex-
press order of the Secretary Of the Treas
4 ury for the payment; and no drafts oi the
: Treasurer of the United States. or orders
), or warrants of the Secretary of the Trca'
G srrv. or ordinary transfer or disbursement,
: shall be made upon any bank selected as
o a deposie bank under this act.
e Fourth. 4 commission, such as shall
/ be agreed upon between the Secretary
Il of The Treasury and the bank not IN any
c case to iexceed-per centum upon the
a moneys deposited with it, shall be allowed
e and paid bv the United States, in fall sal
IF isfaction of all claims on the part of the
e bank for trouble and risk growing out O
d the receipt, safe keeping, and repayment
II of the special deposites herein authorized
ic to be made, all accounts for commissions
k, to lie audited and paid at the Treasury o.
i, the United States.
le Sec. II. And be il further enacted
in Tbatin case no bank within the State oI
e. Territory wherein the depository, directed
ID TO make depositea, is located, will consent
" to receive the moneys Of the Government
s, upon specia! doposite according to the lore
to aonr conditions and regulations, that /
id shall be lawful for the Secretary OF 1ht
ne Treasury to select some bank in an ad
re Joining State or Territory, such as ma,
Ii he most convenitnt fer the officer TO make
in depostcs and the public service, anu II
TX case no convenient hank OF either ehar
acter can be found willing TO receive suc'
d. deposites upon the terms proposed, i'm
~ Secretary may transfer the same to tn
in Secretary of the United States, TO Ia
n Mint, or the Branch MINIS, or TO the oil
ed fees of either of the Receivers Genera
he of Public Money, as shall be most con
he yenient to the depository from whom tn
.al. money is to be transferred, or to the want
TO of the public service in reference to dis
c. bursemenis.
Il: Sec, Is. And be it further enacted
dis That the Secretary of the Treasury sha
he he. and IS hereby authorised 10 cause eX
nv aminations to be made of the books, &c
n counts and money on hand OF the severn
to depositories constituted by this act, an
of for that purpose TO appoint special agents
be as occasion may require, with such CON
on pensation as he may think reasonable,
Az he fxed ard declared at the time OF eac
or appointment; which said examinations
lie oil cases where the sum on hand usual
exceeds three fourths of the amount
,d tho officers bond, shall not be made le'
md freouently. than once in each year and {
an. much more frequently, in those and all OF
tod Or cases. as tho Secretary in his dlscretlo
Tho shall direct. The Agent selected to NAL
al those examinations shall! be instructed
IN. -xamine as we'll the books, accounts. al
n returns Of the ofiicer,as The money on haI
no. and the manner of its being kept, TO 4
Of end that uniformity and accuracy in Il
,rv accounts as well as safety TO the publ
De-. moneys, may be secured thereby.
aid Sec. is. And be il further enacte
rn, That in addition to the examinations pr
ct vided for in the last preceding section, al
as a further guard over the public money
cd. il shall be the duty of each Naval offic