The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-01-18

600 10 invest the surplus Of such moneys III secufl-
ties bearing an interest and issued upon The iafth
and credit of the United States or OF some one OF
the States Of The Union in all cases Oh such invest
mentS selecting such stocks, or securities as are
transferable by delivery or assignment and ironhe
rate Of interest payable, the time or times they may
have TO run, and the prices they may bear in the
market shall seem Iohim best To- answer the purpose
for which the Investments are directed, and al no
time paying more than the current value IN the mar
ke for any such stocks or securities. Ana whene.
yer The amount Of moneys in the Treasury, and
standing the credit of the Treasurer shall be so
much less than the said sum OF SlOOOOOO as TO IN
dictate 10 the Secretary that the moneys invested or
any portion thereof will be required Tor purposes Of
public disbursement then it shall be his duty 10 sell
such portions of the stocks and securities purchased
may be necessary 10 keep the balance OF money IN
the Treasury equal to lis wants I'r0pidfd, That IN
all investments be made in obedience 10 the pro-
visions of this section the said Secretary shall con-
ne his purchase OF stocks and securities issued up
the faith and credit of any State TO such as have
been actually issued b. the State, and shall not be at
liberty 10 subscribe for, or otherwise purchase those
proposed to be issued and not in actual existence as
stocks and securities in the market
SEC. % Ard 6e,h further enacted, That until the
rooms Offices, vaults and safes directed by the first
third fifth, and sixth sections of this act 10 be con-
struced and prepared for the use of the Treasurer
If the United States the Treasures of The Minis at
Philadelphia and New Orleans, and the Receivers
General OF Public Money at New York, Boston,
Charleston, and ST. Louis, can be constructed and
prepared for use il shall be the duty Of The Secreta
ry Of the Treasury TO procure suitable rooms for Of
fees for those officers at their respective locations
and 10 contract with such banks, interpretations or
individuals, as may be willing to contract for such
use ofihcr vaults and safes may be required for
the safe-keepng Of the public moneys in the charge
and custody OF hose officers respectively the expense
to BE- paid by the United States.
SEC. % Ard be IL further enacted, That from and
after the thirty-trst day OF December, which will be
in the year one thousand eight hundred and thirty
eight, the resolution of Congress of the thrtieh day
- ;,t Isiph md
sixteen, so far as il authorizes the receipt in pay
ment Of duties taxes sales OF public lands, debs,
and sums of money accruing or becoming payable
10 the United States to be collected and paid In the
notes of specie paying banks, shall be SO modified as
that one-Sixth part of all such duties taxes sales OF
public lands, debts, and sums of money accruing or
becoming due 10 the United Staes shall be collected
in the legal currency of the United States; and
from and after the thirty-frSt day Of December,
which will be in the year one thousand eight hun
dred and thirty other sixth part OF all such
duties taxes, sales OF public lands, debts, and sums
Of money shall be so collected and from afer the
thiry-irSt day of December, which will be in the
year one thousand eight hundred and forty, one
other sixth part Of all such duties, taxes sales Of
public lands debts, and sums OF money, shall BE- so
collected and that from and after the thiry-firSt day
Of December, which will be in the year one thou
sand eight hundred and forty-one, one other sixth
part OF all such duties, taxes, sales OF public lands,
debts, and sums ofmoney shall be 50 collectedi and
that from and after the thirty first day of December,
which will be in the year one thousand eight hun
dred and fory-two one other sixth part OF all such
duties, taxes sales of public lands debts, and sums
OF money shall be so collected and that from and
after the thirtyrSt day of December which will be
in the year one thousand eight hundred and forty
three the remaining sixth part Of the said duties,
taxes sales of public lands debts and sums OF money,
shall be also collected in The legal currency OF the
United States and from and tier The last mention
ed day all sums accruing, or becoming payable 10
the United States for duties, taxes, sales of public
lands or other debts and also all sums due for pos
tages or otherwise, 10 the General Post Office De-
partment, shall be paid in gold and silver only, in
such notes, bills paper issued under the authority
of the United States, as may be directed to be re-
ceived by law in payment Of the public dues
SEC. III. And be IL further enacted That from and
after the thiry-frSt day Of December, which will
be in the year one thousand eight hundred and forty
three every officer or agent engaged in making dis
barsements on account of the United States, or of
the General Post Office, shall make all payments in
gold and silver coin only or in such notes bills or
paper, issued under the authority Of the United
States, as may be directed 10 be received by law;
and any receiving or discussing officer or agent
who shall neglect evade, or violate, the provisions
OF inns and The last preceding section Of this act,
shall be dismissed o the service, and shall forfeit
all compensation then due to him
SEC. 20. Aud be 10 further enacted, That it shall
be the duty of the Secretary of the Treasury to
issue and publish regulations to enforce the speedy
presentation of all Government drafts for payment
at the place where payable, and 10 prescribe the
time according TO the different distances OF the de-
poSitarieS from the seat of Government, within
which all drafts upon them respectively shall be
presented for payment; and in default of such pre-
sentaon TO direct any other mode and place of pay
ment which he may deem proper
SEC 26. And be IL further enacted, That the Re-
ceiyers General of Public Money directed by this
act be appointed shall receive respectively the
following salaries, per annum, TO be paid quarter
yearly at the Treasury of the United States to wit:
the Receiver General of Public Money at New
York shall be paid salary of - dollars per
annum; the Receiver General Of Public Money at
Boston shall BE- paid salary Of - dollars per
annum; the Receiver General of Public Money at
Charleston shall be paid salary of - dollars
per annum; and the Receiver General Of Public
Money at ST. Louis shall be paid a salary of -
dollars per annum; and these salaries, respectively,
shall be in full for the services of the respective
officers, nor shall either of them be Permitted 10
| charge, receive any commission pay, per-
quisite for any official service of any character
description whatsoever; and the making of any
such charge or the receipt of any such comPensa-
tion is hereby declared 10 be n miSdemeanor, for
which the officer convicted thereof, before any
court Of the United States Of competent jurisdc-
tion shall b, subject 10 punishment by fine or inn
prisonment, or BOTH at the discretion of the court
before which the offence shall be tried.
! SEC 27 And be 10 further enacted, That the Trea-
Surer of the United States be and he is hereby au-
| thorized to receive at the Treasury, and at such
other points he may designate, payments in ad-
vance of public lands, the payments so made in
all cases, 10 BE- evidenced by the receipt of the said
Treasurer of the United States, which receipts so
given shall be current at the several land offices of
the United States cash, at any public or private
sale Of lands in the same manner as the currency
authorized BY law to be received in payment for the
public lands.
SEc. 2S And be IL further enacted, That for the
purchase of sites and for the construction of the
| offices of the Receivers General of Public Money,
by this act directed 10 be erected al Charleston South
Carolina and at ST. Louis, Missouri, there shall
be- and hereby is appropriated he paid out Of any
i the Treasury aDDrODrIItpd