State rights and democratic union. (Yazoo City, Miss.) 1839-18??, 1839-10-16

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pubic money, TO an amount beyond thar Sc.
cured BY the bond ofthe officer, OF which the
secretary Of the Treasury shall for any cause
consider unsafe, and it shall not be desirable
to tansfer the moneys so accumulated 10 am
other depository, 1t shall be lawful for the,
said Secretary TO direct the said nonev. -
any portion thereof, TO be specially deposited
IN such bank OF the State or Territory where.
IN the depository who is to make the deposit.
tie, Is located, as he, the Secretary. sail 60.
lect and name: Provided, the band SO select.
ed will agree to receive & keep the moneys
deposited with 1t upon the terms and cond,
tons in the next section Of this act prescr;h
ed.
Sec. Is. And be it further enacted. Th,,
the special deposites Of the moneys an,h,r;,
ed by the last preceding section of this a.,
to be made upon the following terms and con
dlilons and upon no others, namely:
First: All such deposites sail be strictly
special depostes, and the banks holding
them shall be prohibited, in the most effectu
oil manner, from making any use of the mon.
eys deposited, by way of discounts. loans. or
IN any other manner or for aay other nur.
pose whatsoever, and to secure the ful6lment
of this condition, the Secretary of he Treas
ury Is authorized in his discretion, to furnish
the bandks selected as deposte banks with
safes for the keeping of the public monev
exclusively; and under the joint control Of
the bank and some designated officer of the
Government, or to adopt such other guards
as he shall prefel
Second: Nothing hut gold or silver, or such
notes, bills or paper issued under the author
ity of the United States, as may be directed
by law 10 be received in payment Of the pub.
lie dues shall be offered for depocite, or Ie-
celVed by the bank as a deposites shall be
offered for deposite, or received by the bank
as deposite under the provisions of this act.
Third; All deposites shall be passed upon
the books of the bank, to the credit of the
depository making the same; but on moneys
deposited in pursuance of this act shall be
Withdrawn without the express order of the
secretary ofthe Treasury for the payment; and
no draft of the Treasurer Of the United States
or orders or warrants of the Secretary oe the
Treasury, for ordinary transfer or dlsburse-
ment, shall be made upon any bank under
this act.
Fourth: A commission, such as shall be
agreed upon between the Secretary of the
Treasury and the bank, not in any case to
exceed one eighth of one per centum upon
the moneys deposited with it, shall be allow.
ed and paid BY the United States in full salts. |
faction of all claims on the part of the bank
for trouble and risk growing out Of the re-
ceipt, safe keeping and disbursement of the |
special depsites herein authozed to be made; |
all accounts for commission 10 be audited |
and paid at the Treasury of the United |
States.
Sec. IA. And be il futher enacted, Tha, |
in case no bank within the State OF Terrific |
ry wherein the depository, directed to max
dePosites, is located, will consent TO receive
the moneys of she Government upon special
deposite according TO the foregoing cOndi-
tons, then it shall be lawful foI the Secreta-
~ of the Treasury to select some bank in al
adjoining State OF Territory, such as may BE-
most convenient for the officer to make dc,
posites' and the public service; and ia case
on convenient baak Of either character car
be found willing 10 receive such deposites
upon the terms proposed. the Secretary NAV
transfer the same to the Treasury of the Z
States, TO the Mint. or branch MINIS, or to
the offices of either of the receivers genera
of the public moneys, as shall be most cor
venient to the depository from whom the
money is TO be transferred, or to the wants o.
the public service in reference to disbnrst
meRts.
Gee. Is. And be it further enacted, Tha
the Secretary of the Treasury shall be and
is hereby authorized to cause examination
to be made Of the books, accounts, and mo
news on hand, Of the several repositories con-
stituted by this act; and for that purpose to
appoint special agents, as occasion may RI
uuire, with such compensation as he ma
think reasonable, to be fixed and declared
at the time of each appointment; which said
in all cases where the sum or |
hand usually exceeds three fOurths OF the
amount of the officers bond, shall not b.
made less frequently then once in each year,
and as much more frequently, in those ano
all other cases, as the Secretary, his dIscre
ton. shall direct. The agents selected to
make these, examinations shall be instructed
n examine az we'll the books accounts and
returns of the officer, as the money on HAND
and the manner ofits being kept, to the enc
that uniformity and accuracy in the accounts
.s well as safety to the public moneys, ma
be secured thereby.
Sec. 10. And be it further enacted na'
in addition to the examination PROVIDED lot
in the last preceding section, and as. ,ui
her Guard over the public moneys, 1t snail
- ,hs duty of each naval officer and survey.
= - cheek upon the receiver general oil
The pubic moneys, or collector o. the Gus
Iams OF their respective districts; OF eacn &c.
uister OF a land Office, as cheek upon 'ne