Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1838-06-21
FROM WASHINGTON.

-"S oI1NTNd 10 DC ptibteu;
Resolreg By The Senaie and House O,
Representatives, Of fhe Ur-ied States OF
.7rieFiea IA Congress assembled. Tha,
the Secretary OF the Treasury be. and
he Is hereby authorized and required
10 cause the public monies TO be depo-
sited IN such bank or banks, after The
hiteenlh day o. July next, as shall con =.
sent and agree TO receive the same on
the following terms and conditions, 10
vii:
First. That said bank or banks shall
agree 10 pay over the sand public mo.
ncys on warrant. iiom time ,o time
When and wheTesoevcr the public Goa
cenience shall require the same 10 be
PAID, m tie legal currency Of tie Uni.
ted States, ii demanded. free Of all
r'!rrsc-or expenses 20 The Treasury.
second. That such hlnt or banks
sail guaranty all bills OF exchange sup
Piled by II or them 10 the Government
IN The ifaa.:c. =. payment q! any sGch
nupryS
Third. Tha, said bank or banks shall
IetIJrm the same duties in relation To
loans aud peGsonS y have been hereto.
tore performed by the Bank ct the
taitcd States, or the ieposilc BANKS.
free Of al! charge 10 the Government.
Add
Finally. That said bank OF banks
shall dcposlie with ,be Secretary ~ the
Treasury, A. secun,y for the pap ,ty4l
payment of the said puDltc u:oneys,
and for the faithful performance Of The
dates hefeinbelu,e referred 10. stocks
Of the United States. Treasury notes,
OF stocks of the several States. such as
the SAID Secretary hail approve 10 the
amount OF five millions Of dollars, es-
Imahng the same by the par value
thereof
Resoiysi. That the Secretary of lhe
Treasury be empowered to adop, all
such measures a he may deem neces-
s'ry 10 carry ,hc above resolutions into
elect, IN such manner as shall mos,
securely provide Cor the deposite and
payment al the public moneys in &C
cOrdancc ,hrGcHiih.
ResOirsf, That u IS cNpedient and
proper that 80 much of the fifth section
oi the act entitled IAN act 10 regulate
the depositeS of the pubic money" APP
proved on the tNcnty-thisd Of June.
eighteen hundred aud ,hirly-.ix, Is
prohibits the receipt by the Govern.
mcnt Of the notes or bills Of banks
which issue or pay out notes OF bills OF
less denomination ,haa five dollars
be forthwith repealed.
The following !, copy o: The Dill iairo-
dnsed into the q 5. Senate on TUESDAY by
Mr. WrnsIrn
BILL making f'i:thct provisions Tor the col
lection 10. 80 puzzle revenues.
Be AZ enacted. d.. Tia: the operation
OF so mlch OF the act of June 23d
1896. entitled AN act 10 regulate the
deposi,es II the public money" a.
prohibits the receipts Of the notes or
bills u specie paying banks, which
have issued since the i,h of March.
1885. notes or bills OF less denonina-
ton than FIVE dyl!ars, be, and the same
IS hereby, Suspended until f.l'her Or.
der Of Congress.
Sec. ,. ind Be II further erqc',I
That II shall be lawful FOR the SCcieta-
~ OF the Treasury 20 select anl employ
al depodiories of the public money,
dccATiing 10 He provisions ~ SAL! act.
any bank.., institutions which may be
. established under the provisions OF a
Law Of the Slate in which il exists.
Sec ,. ind be It further enacted
That It shall D. la&f.l foi the Sccrcla.
- u the Treasury hereafter to select
and employ as repositories OF :hc pub.
lac money. according 10 the provisions
OF sand act. aay bank which shalt re-.
deem It's notes and bills on demand in
specie, notwithstanding i, may have
stopped specie payments since the date
81 sad act
Sec. e. Ind Jc IL furfie, eaaeird
Tia; the operation OF the second sec
ION IF the act % April II. 1926, emil
lied An act making appropriations fot
the payment Of Revolutionary and
other pensioners oi tho United States
Tor the year 1876 " BE-. and the same
is hereby Suspended until fuh'cr order
II Congress.
!, was stated 90 The Senate on Tlef.
d. % thr f..f.. a.