The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1840-08-07
THE. SUB. TREASURY BILL.

THE SUBTREASURY BILL.
AN ACT to provide for the collection keeping
transfer, and disbursement of the public revenue.
BE IL enacted by he Senate and House OF Repre-
&entatires Of he United States OF america in Con-
gresS assembled, That there shall he prepared and
provided, within the Treasury building erect
ing at the seat Of Government suitable and convent
cnt for the of the Treasurer of the United
States his assistants and clerks and sufficient and
cure fire proofvaults and safes for the keeping Of the
public moneys in the possession and under the immediate
control Of the said Treasurer which said rooms vaults
and safes are hereby constituted and declared to he the
Treasury OF the United States And the said Irea-
surcr of the United States shall keep all the public
moneys which sha,come TO his hand in the Treasury
OF the United States, hereby constituted until the
same drawn therefrom according to law
Sec. : And be IL further enacted That the Mint OF
the United States in the city of Philadelphia in the
State of Pennsylvania and the Branch Mint in the
city OF New Orleans, in the State of Louisiana, and
the vaults and safes thereof, respectively, shall be
places OF deposte and satekeeping of the public mo
news al those points respectively and the Treasurer
OF the said Mint and Branch Mint respectively for
the time being shall have the custody and care OF all
public moneys deposited within the same, and shall
perform all the duties required to he performed by them
in reference TO the receipt saekeepng, transfer and
disbursements OF all such moneys, according to the
provisions hereinafter contained.
Sec. 3 And be II furtter enacted That there shall
be prepared and provided, within the. custom houses
erecting in the city of New York in the State of
New ork, ana IN the city IN the state OF
Massachusetts suitable and convenient rooms for the
the receivers general of public moneys, here
matter directed to be appointed at those places respec
lively and sufficient and secure trcprooi vaults and
safes for the keeping of the public moneys collected
and DEPOSITED with them respectively ana the re
ccvcrs general of public money from tune To Tune ap-
pointed at those points, shall have the custody and
of the said rooms, vaults and safes respectively,
and of all the public moneys deposited within the
same and shall perform all the duties required TO be
performed by them in reference to the receipt safe
keeping, transfer, and disbursement OF all such
neys, according to the provisions OF this act
Sec, J. And be il further enacted That there shall
be erected prepared and provided, at the expense of
the unitcd States, at the city of Charleston, in the
State Of South Carolina, and at the city Of ST Louis
ia the state of Missouri Offices with suitable and con
vcnent rooms for the use of the reccNersgeneral of
public money hereinafter directed to be appointed
the places above named and sufficient and secure
fire proof vaults and safes for the keeping Of the pub
lie money collected and deposited at those places res
pectisey; and the said eiversgeneral from time
time appointed at those places shall have the custody
and Of the said offices vaults and safes SO to be
erected prepared and provided and of all the public
moneys dep stcd within the same and shall perform
all the duties required to be performed by them in
ference to the receipt SAFE Keeping transfer and dis
burscmcn OF all such moneys according to the pro-
visions hereinafter contained.
See 3, And be il FURTHER enacted, That the Prcs-
dent shall nominate and by and with the advice of
the Senate, appoint four officers, To be denominated
receivers general of public money, which said off
GERS shall hold their offices for the term of four years
unless sooner removed therelrom; of which shall
be located in the city of New York in the State Of
New York other of which shall be located at
the city of Boston in the State of Massachusetts,; one
other OF which shall be located at the city of Charles
ton, in the State of South Carolina and the remain
ing one of which shall be located in the city of st
Louis in the State of Missouri and all of which said
officers shall give bonds to the Untc, States with
surctcs according to the provisions hereinafter con
tanned for the faithful discharge of the duties of their
respective offices.
Sec, g. And be il further enacted, That the Trea-
surer of the United States the Treasurer of the Mint
Of the United States the Trcasurcrs and those acting
such of the various Branch MINIS all collectors OF
the customs all surveyors of the customs acting also
collectors, all rcceiversgcncral of public moneys
all receivers OF public moneys at the several land Offices
and all posmasters except Is hereinafter particular
ly provided be- and they hereby required to keep
safely, without loanng using, all the public money
collected by them otherwise at any time placed in
their possession and custody till the is ordered
by the proper deparmentor officer of the government
10 be transferred paid out and when such orders
for transfer payment are received faithfully and
promptly To make the same directed and to do and
perform all other duties fiscal agents of the govern
mcnt, which may he imposed by this any other acts
of Congress or by any regulation of the Treasury
Department, made in conformity to law and also TO
do and perform all acts and duties required by law or
by direction of any of the Executive Departments OF
the Government as agents for paying pensions or tos
making any other disbursements which either of the
heads OF those departments may be required by law TO
make and which are OF character to be made by the
dcposarics hereby constituted consistently with the
other official duties imposed upon them
See. 7. And be IL further enacted That the Trea-
of the United States the Treasurer OF the Mint
of the United States the Treasurer of the Branch
Mint at New Orleans and the receivers general Of
public money hereinbetorc directed to be appointed
shall respectively, give bonds to the United States,
in such form, and for such amounts as shall he d.
rcctcd y the Secretary of the Treasury by and with
the advice and consent Of the President with surces
to the satisfaction Of the Solicitor of the Treasury
and shall, from time to time renew strengthen, and
increase their official bonds the Secretary of the
Treasury with the consent of the President may,dl
rect any law IN reference to any of the official bonds
of any Of the said officers to the contrary nothwlth
standing.
Sec X. And be further enacted That il shall be
the duty of the Secretary of the Treasury al early
day possible after the passage Of this act to re
qure from the several dcposiiaes hereby constituted
and whose official bonds not hereinbetorc provided
Tor, TO execute bonds new and suitable in their terms