The spirit of the age. [volume] (Woodstock, Vt.) 1840-1844, 1840-07-24

IN reference 10 the receipt, salekeeplhS, transfer
and disbursement ofall such moneys, according to
the provisions hereinafter contained.
SEC. 3. anu be ii further enacted, That the
President shall nominate, and, by and with the adj
vice and consent of the Senate, appoint four oiii-
GERS, to be denOminated encouragement OF the
public money!" which said officers shall hold their
offices for the term of four years, unless sooner
removed thereirom one of which shall be located in
the city OF New York, in the State of New York ;
one other of which shall be located in the city OF
Boston, IN the State of Massachusetts one other
of which shall be located at the city of Charleston,
in the State OF South Corolina the remaining one
ofwhich shall be located at the city of St. Louis, in
the State of Missouri and all ofwhich said officers
shall give bonds to the United States, with sureties
according TO the provisions hereinafter contained,
for the faithful discharge of the duties of their re-
spective offices.
SEC. 6. .aad be ii further enacted, That the
Treasurer of the United States, the treasurer of the
Mint of the United States, the treasurers and those
acting as such, of the various Branch MINIS, all
collectors of the customs, all surveyors of the Gus
toms acting also collectors, all receivers-general
of public moneys, all receivers Of public moneys
at the several land Offices and all poslmasters, en-
cept as is hereinafter particularly provided, be,
and they are hereby, required to keep safely with
by them, or otherwise at any time placed in their
possession and custody, till the same is ordered by
the proper department or officer of the Government
to be transferred or paid out: and when such or
ders for transfer or payment are received, faith
fully and promptly to make the same as directed,
and to do and perform all other duties as fiscal agents
of the Government, which may be 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 for making any 9th
er disbursements which either of the heads of these
departments may be required by law TO make, and
which are of a character to be made by the deposit
tnries hereby constituted consistently with the 9th
or official duties imposed upon them
SEC. I. .4nd lie ii further enaciel, That the
Treasurer of the United States, the Treasurer of
the Branch Mint ut New Orleans, and the receivers
general of public money hereinbeinre directed 10
he appointed, shall, respectively, give bonds to the
United States in such form, and for such amounts,
rs shall be directed bv the Secretary of the Trcasu-
nv. hv and with the advice and consent of the Pres
ident with surciics to the satisfaction of the Solicit
Tor of the Treasury; and shall, from time to time,
renew, strengthen, and increase their official bonds,
as the Secretary of the Treasury, with the consent
of the President, may direct; any law in reference
to any of the official bonds of any of the said Off
GERS to the contrary Notwithstanding.
sac. =. amt re il (Uriher enacted, That 1t shall
be the duty of the Secretary of the Treasury, at as
early day rs possible after the passage of this act
to require from the several repositories hereby
constituted ,'Gnd whose official bonds are not here
inbcforc provided for to execute bonds new and
suitable in their terms to meet the new and ncreas-
ed duties imposed upon them respectively by this
act, and with suretirs, and in sums such as shall
seem reasonable and safe to the Solicitor of the
Treasury, and from time to time to require such
bonds to be renewed and increased in amount, and
strengthened by new surcties, to meet any incrcas-
ing responsibility which may grow out of accumu'
lations of money in the hands of the depos,ary, or
ont of any other duty or responsibility arising I'M
der this or any other law of Congress.
SEC. 9. .9Rd he il further enacted, That all COL
lecors and receivers of public money, of every
character and description, within the District of
Columbia, shall as frequently as they may be di-
rec,ed by the Secretary of the Treasury, or the
Postmaster General, so to do, pay over to the
Treasurer of the United States at the Treasury
thereof, all public mones collected by them, or in
their hands, that all such collectors and receivers
of public moneys within the cities of Philadelphia
and New Orleans, shall, upon the same direction,
pay over to the Treasurers of the Minis in their
respective cities at the said MINIS, all public mon
eys collected by them, or in their hands; and
that all such collectors and receivers of public
moneys within the cities of New York, Boston,
Charleston and st. Louis, SHALL upon the same d.
rection pay over to the acknowledgment of public
money in their respective cities, at their offices re-
spectivey, all the public moneys collected by them,
or in their hands, to be safely kept by the said re-
spectiye Repositories until otherwise disposed of
according to law; and it shall be the duty of the
said Secretary and Postmaster General TO direct
such payments by the said collectors and recciv-
ers al all the said places, at least AS often rs once
| in each week, and as much more frequently, in
all cases. as they in their discretion may think
proper
SIC. 10. .aad he further cpocie}, That it
shall be lawful for the Secretary of the Treasury
To transfer the moneys in the hands of any deposit
tary hereby constituted. to the Treasury of the
United States: 10 the Min, at Philadelphia; 10 the
Branch Mint At New Orleans or 10 the offices OF
either of the receivers general of public moneys,
Nv this act directed to be appointed: 10 be there
safely kept, according TO the provisions OF this act ;
aud also 10 transfer moneys IN the hands OF any
one depOsilry constituted by this act 10 any other
dnposary constituted by the same, ut his dlscre-
ton. and as the safety of the public moneys, and
,he convenience OF Inc publ' rtiN'c 'N"' S't'"
To him to require; which authority to transfer the
moneys belonging to the Pos, Office Department Is
also hereby conferred upon the Postmaster General,
so far as its exercise by him may be- consistent with
the provisions of existing laws and every deposi-
tary constituted BY this act shall keep his account
of the money paid to, or deposited with him. be-
longing to the Post Office Department separate
and distinct from the account kept by him OF other
public moneys so paid or deposited. And for the
purpose Of payments Oh the public account, 1t shall
be lawful for the Treasurer of the United States Ia
draw upon any of the said dcposlaries, as he ma,
think most conducive to the public interests. or tc
the convenience of the public creditors, or both.
SEC. II. And he il further enaciet, That the
moneys in the hands, care custody of any OF the
deposiiaries constituted by this act, shall be con
sidered and held as deposited TO the credit of Tho
Treasurer of the United States, and shall be at al
times subject to his draft, whether made for trans
fer or disbursement in the same manner as though
the said moneys were actually in the Treasury o
the United States, and each depostary shall maxi
f; returns to the Treasury and Post Office Depart
ment of all moneys received and paid by MN,
II ,;,,o. ,,J IL, sucb farm as shall be dIrpctc,