The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-03-29

posilaes constituted by this act, shall be considered
aud held rs deposited the credit Of The Treasurer OF
the Uned States aud shall be, all times, subject to
his draft whether made for transfer disbursement ~
the same though the said moneys we're actu-
ally 10 the Treasury Of the United States and each de-
posIlay shall make returns the Treasury Department
Of al moneys received and paid by him, at such tunes
aud in such FORM shall be directed by the Secretary
Of The Treasury.
SEC. IL. And be il further enacted. That whenever
public moneys shall accumulate IN the hands oil any ue-
postay constituted BY this act other than The reasi-
er Of the United States the Treasurer Of the Mint oil
the United States the Treasurer ofthc Branch Mint al
New Orleans and the general OF public money!
10 an amount beyond that secured by the houd OF the
officer or that which the Secretary Of the treasury
shall FOR any cause consider unsafe, and u shai not ne
desirable to transfer the moneys accumulated to any
other dcpos,ary il shall he lawful for the said Secretary
to direct the said moneys portion thereof to he
specially deposited in such hank Of the Stale. or Terri
ory wherein the depositary who is 10 make the dcpo-
site is located he the said Secretary shall select ana
name: Prormed, The bank so selected VIII agree 10
receive and keep the moneys deposited Nth u upon The
terms and conditions in the next section Of THIS act pre-
scrbed.
Sgo l3 And be ii further enacted, That the special
deposites Of The public moneys authorized by the last
preceding section OF this act 10 be made in banks, shall
be made upon the following terms and conditions and
upon other, namely:
First All such deposiles shall he strictly special de-
posies and the banks holding them shall be prohibited,
ii the most efecus manner, from making any use OF
the moneys deposited by way Of loans discounts or ~
other for any other purpose whatsoever
and TO secure the iuhmen, Of this condition, the Sc
ceta OF The Treasury authorized IN his discretion,
furnish the banks selected deposl,e banks with
safes for the keeping OF the public moneys exclusively,
and under the olnt control Of the bank and some de-
sgnaied officer Of the Government, or TO adopt such
other guards as he shall prefer.
Second Nothing but gold or silver or such notes,
bills, paper, issued under the auihonyo the United
States may he directed by law TO be received IN pay
Of the public dues shall be offered for deposlte or
received by the bank deposite under the provisions
Of this act.
Third All depos,es shall be passed, upon the books
Of the bank, the credit Of the deposary making tho
same but moneys deposited ~ pursuance OF this
shall he withdrawn without the express order Of the
Secretary Of the Treasury for the payment and no
drafts Of the Treasurer OF the United States, orders
Of the Secretary Of the Treasury, for ord
nary transfer disbursement, shall be made upon any
bank selected as deposte bank under this act. II.
Fourth. A commission, such as shall be agreed upon
between the Secretary of the Treasury and the bank
in any exceed one.eghth Of one per centum
upon the moneys deposited with IT, shall be allowed and
paid by the United States. in full satisfaction OF all
claims the part OF the bank for trouble and risk grow
ing out Of the receipt safe keeping and repayment OF
the special deposites herein authorized TO be made all
for commissions to be audited and paid at the
Treasury Of the United States.
SEc. IA And be II further enacted. That, in case
bank within the State Territory wherein the deposit
ary, directed to make deposes located, will
receive the moneys OF the Government upon special
deposlte, according 10 the foregoing conditions aud
guldons, then shall be lawful for the Secretary Of the
Treasury to select some bank IN adjoining State,
Territory, such be convenient for the Off
Ger TO make deposes and the public service; and IN
case convenient bank Of either character be
found willing TO receive such depostes upon the terms
proposed, the Secretary may transfer the same TO the
Treasury Of the United States to the Mint, Branch
MINIS TO = q offices OF either oi the receivers gene
raj of public money, shall be convenient to the
dsposary from whom the money rs to be transferred,
to the wants Of the public service, in reference dis
hurselnents.' %,. ... ".".,.'.. WI
SIC Is Ind BE- u further enacted, That the Secre-
ary OF the Treasury shall be- and he is hereby, au'ho
'zed TO cads examinations 10 be mode Of the books,
accouats and .,ney on hand OF thl 81 a. deposi,a-
constituted BY this act and io IA purpose APP
point SPECIAL ager ,.>'' san "ay reaiE- eth such
compensation ,"r. HsandbL '5 10 fixed
aud declared the time 6f - appointment which
said examinations = al ca. where the sam on nand
usually exceeds threetoTlhs OF the amount of the off
Gers bond, shall mol made less frequently than
IN each year, and much frequently, those and
other cases the Secretary, his discretion shall di
rect The agents selected 10 make these examinations
shall be instructed to examine as well the books,
connts, and returns Of the officer the money hand,
and the manner OF its being kept, to the end that uni
iorrny and accuracy in the accounts, well safety
to the public moneys, may be secured thereby
SEC IS And be 1t further enacted, That in addition
10 the examinations provided for III the las, preceding
section, and further guard the public moneys,
shall be the duty Of each naval officer and surveyor,
check upon the receiver general OF public moneys,
collector OF the customs, Of their respective districts
of each register Of land office, check upon the
cever of his land Office and Of the director and super
mteudent Of each Mint aud Branch Mint when separate
offices, check upon the Treasurers, respectively Of
the said Mns or the persons acting such, at the close
OF each quarter Of the year, and much frequent
| ~ they shall he directed by tho Secretary of the
Treasury TO do So to examine the books, accounts,
turns and money on hand Of the receivers general Of
public money collectors, receivers Of land Offices,
Ireasurers, and persons acting such, and make
full, accurate, and faithful return to the Treasury De-
partment OF their condition.
SEC IL And be IL J4rihe+ enacted, That the said Of
fcers respectively, whose duty is made by this
receive, keep and dishurse the public moneys, as the
hscai agents OF the government may be allowed any
cessary additional expenses for clerks fire proof chests
or vaults, or other necessary expenses OF safe keeping
transferring, and dlsburslng SAID moneys; all such
penses OF every character 10 be first expressly authorized
by the Secretary Of the Treasury, whose directions
upon all the above subjects by way of regulation and
otherwise, are to be strictly followed by all the said Of
hcers PrOoded, That the whole number of clerks TO
he appointed by virtue of this section Of this act, shall
not exceed ten and that the aggregate compensatons
of the whole number shall exceed eight Thousand
dollars, shall the compensation Of clerk so
appointed, exceed eight hundred dollars per
SEc. Is. And be Il futhcr caacted, That the Secre-
tary of the Treasury SHALL with much prompttude
the convenience OF the public business and the safety Of
the public funds Will permit. withdraw the balances re-
naming with the present depostares of the public
neys, and connc the safe keeping, transfer, and dis
brsenent OF those moneyst to the deposares establish
ed by this act.
SEC. 10 And be IL further enacted, That all mar
shals district attorneys, and others, having public
ney to pay the United States and all patentces wish
lug to make payment for patents to be issued, may pay
all such moneys the Treasurer Of the United States
at the Treasury, to the Treasurer Of either Of the MINIS
/ ~ .lrL, NJ. 80, -.