State rights and democratic union. (Yazoo City, Miss.) 1839-18??, 1839-10-02
=. NAV think proper.

tanv depository hereby constituted tn the
as"! Of the United States; to the Mint at
b6s,Isdeiphia; to the branch Mint Al New
n I" or TO the Offices of either of the re.
o '.o,s general of public moneys, by this act
acted to be appointed; TO be there safely
s,,t. according to the provisions OF any one
Sopository constituted by this act to any other
S,rository constituted by the same, at his dis.
O.s,;on. e. "a the safety of the public moneys,
Sad the conyenience Of the public service;
~hell seem to him to require. Aud for the
nn,nose of payments on the public accou. II, il
rrbaIl be lawful for the Treasurer Of the
limited States to draw upon any Of the said
depositories as he may think most conduciva
,o ,bp ublic creditors, or both.
a. II. And be il further enacted, That the
money in the hands, eGre and custody Of any
~ ,he repositories constituted bv this act
sbalI be considered and held as deposited TO
the credit OF the Treasurer OF the United
States; nd shall be at all times subject to his
draft, whether made for transfer OF tiisburse.
ment, in the same manner as though the said
moneys were actually in the Treasury Of the
United States, and each depository shall
make returns to the Treasury Department Of
all moneys received and paid by him, at such
times, and in such form as shall be derected
BY he Secretary of tie Treasury.
Sec. 10. And be it further enacted, That
whenever public moneys shall accumulate in
the hands of any depository constituted by
this act, other than the Treasury of the u.
States, thu Treasurer Of the Mint of the u.
States, the Treasurer of the branch Mint at
New Orleans, and the receivers general Of
public money, TO an amount beyond that se.-
cuIed By the bond of the 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 accHm aIated to any
other depository, it shall be lawful for the
said Secretary to direct the said moneys, or
anv portion thereof, to be specially deposited
jn such bank ofth State or Territory where.
in the depository who is to make the deposit.
tie, is located, as he, the Secretary, sail Sc.
lect and name: Provided, the band 90 select.
ed vlll agree TO receive & keep the moneys
deposited with upon the terms and condl-
lions in the next section Of this act prescrib.
ed.
Sec. Is. And be it further enacted, That
Che special deposites of the moneys aulhoriz.
ed BY the last preceding section of this act,
% be made upon the following terms and con-
ditons and upon no others, namely:
First: All such deposites sail be strictly
special deposites, and the banks holding
them shall be prohibited, in the most effectu.
al mannel, from making any use of the mon
eys deposited, BY way of discounts, loans, or
in any other manner or for any other pur
pose whatsoever, and to secure the fulilment
of this condition, the Secretary of The Treas
urv is authorized in his discretion, to furnish
the bandks selected as deposite banks With
safes for the keeping Of the public money
excluslyely; and under the joint control Of
the hank and some designated officer of the
Governments, or to adopt such CHER guards
as he shall prefer.
Second: Nothing but gold or siFesEs or such
notes, bills or paper issued under thsutbor
ity of the United States, as may be directed
bv law 10 be receivedin payment of the pub
lie dues shall be offered for depoeite, or Ie-
ceiyed by the hank as a ;seposites shall be
offered for deposite, or received by the bank
as opposite under the provisions Of this act.
Third; All depOsites shall be passed upon
the looks 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 tue
Secretary ofthe Tire asury for the payment; and
no draft of the Treasurer ofthe United States
or orders or warrants of the Secretary 0: the
Treasury. for ordinary transfer or dlsbuFse-
meBt, shall be made upon any bank under
this act. -
. Fourth: A commissions, such as snan pe
agreed upon between the Secretary % ...e
Treasury and the bank, not IN any case 10
exceed one eighth of one per centum upon
sthe moneys deposited with it, shall be alioW.
eti.and paid BIS the United States IN foil satas.
fael:an of all claims on the part OF the Oahk
for trouble and risk growing out OF tue re-
c. Mt. safe keeping and disbursement u Tue
Anecial depsites herein authoized 70 b. MADE;
Al accounts fol commission to De auol.su ,
en-. paid at the Treasury OF the oh''eu
States.
Sec. Il. And be Il futher enacted, Ina'
An case no bank within the State o. Iefrl.o-
~ wherein the depository, d ecfed 20 inahe
5snosites. i located, will consent to receive
the moneya of she Government upon spec,a'
denosite according 10 the foregoing cono'-
tons. then il shall be lawful fcI the secreta-
- II the Treasury TO select some bank u al
sd;o;nine State OF Territory, such a. may De
: -, csonven;ent for the officer to make ae'
60. and the public service; and u case
.arvenient baak of either character can
b. found willing 10 receive sHcn osposss.
49, =, the terms proposed. the Secretary may
s,ensfeT the same to the Treasury Q. sne = =