Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1840-03-05

~ DEMOCRAT.
From the Baltimore Patriot.
SUBSTANCE OF THE ACT Fop THE
ESTABLISHMENT OF THE SUR
TREASURY, AS IT PASSED THE
| U. S. SENATE.
SECTION l. Provides that Rooms in tho po,,,
treasury Building at WASHINGTON shall Nv
rtseo up with secure fire proof vaults and SAFES
lol Neeplng the public money, and for the ,c.
sa.A Is urcr,Ireu tt De TIC res.
sury of the United States.
SEC. 2. The vaults and the safes of the Mint
and branch Mint at New Orleans to be places
OF deposite, and the Treasurer of each to have
the custody and care of the public money.
SEc. 5. Rooms to be provided in the Custom
Houses now building in New York and Bos-
ton for the use of the Receivers General. and
secure fire-proof vaults and safes, and the mo-
noy deposited therein, and to transfer and dis.
burse the same.
SEC. 4. Suitable Offices, with convenient
rooms provided with secure fire-proof vaults
and safes, to be erected at Charleston and St
Louls-Receivers General to have the custo-
dy and care OF said fire-proof vaults and safes
and the money therein deposited-and also to
transfer and disburse such money.
| SEC. 5. The President, with the consent of
the Senate, TO appoint four receivers general
| OF public money, to hold their offices for four
years-one to be located in New York. one
IN boston, one in Charleston, and the fourth
In IT. Louis; all to give bond with securities.
Sec. &. The Treasurer of the United States.
| the Treasurer ofthe Mint and several branch
MINIS, all collectors of customs or SURVEYORS
acting as collectors, all receivers general all
| receivers CT the various land Offices, and all
postmasters, required to keep safely, without
loaning, all money collected by or placed in
! their custody, till transferred or paid out upon
! 'he order OF the proper officer OF the Govern
mcnt and doall duties as fiscal agents of the
government which Congress or the Treasury
department may impose; pay pensions and
make disbursements which any of the Exec.
utlve Departments may be required by law to
make.
See. 7. Treasurer of the u. States, Treasl-
rcr OF the Mint and branch mint at New Or
leans, and receivers general, to give bonds
with securities according to the direction of
the Secretary of the Treasury, with the con-
sent OF the President, and to the satisfaction Of
the Solicitor of the Treasury.
Sec. 8. Secretary ofthe Treasury to require
bonds from the several repositories created,
with such security as shall seem reasonable
and safe by the Solicitor Of the Treasury.
SEC. y. All collectors and receivers in the
District Of Columbia, i'm the cities of PbiIa-
delphla and New Orleans. in the cities of n.
ork, Boston, Charleston, amidst. Louis, to pay
over all money to the receivers general or the
treasurer oil the Mint or branch mint, as often
as required by the Secretary of the Treasury
or the Postmaster General, not less than once
in each week.
| SEC. 10. Secretary Of the Treasury and Post
Master General empowered in their discretion
10 transfer money from any depository, to the
| Mint, branch mint, or either of the Offices CT
the Receivers General, and also from the hands
OF one depository to that Of another, as safety
| or public convenience may to them seem to
| requlre.-lreasurero of the United States also
| authorised to draw upon any depository as he
may think conducive TO public interest. or
convenience of public creditors.
SEC. II. All money in repositories to be
considered to the credit of the Treasurer of
the United States, and subject to his draft for
| transfer or Observation-Disclosures to
make returns to the Treasury and Post Office
| Departments, as shall he directed by the head
OF these departments.
Sec. IL. Secretary of the Treasury is au-
thorised to examine into accounts of deposito-
RES, and to appoint special agents for this
purpose, with such compensation as he NAV
| think reasonable. Agents TO examine books.
accounts, money on hand, and the manner in
which the same is kept, SO as to secure mi.
| formity.
SEC. 13. Naval Officer and Surveyor, ReC-
lister of Land Office, director and superinten-
dant of each Mint and branch mint, ever
quarter, or oftener, if directed by the Score
tary of the Treasury, also to examine the ac-
counts and money of the Receivers General.
Collectors, Receivers OF the Land Offices. and
I'reasurers, and make return of such examina-
ton to the Treasury Department.
SEC. Ii. Ireasurers under the act NAV be
allowed by the Secretary of the Treasury for
expense Tor clerks, flre-proof chests or vaults
or other expenses of safe keeping. TRANSFERRING
or disbNTsing public money; zrcrided. the
whole number of clerks shall net exceed fen
and the aggregate compensation exceedeS coo
nor the compensation Of any ore clerk exceed
$500 per annum.
SEC. 10. Secretary Of Treasury required to
withdraw public funds from present deposito-
rles, and conline all transactions to denosito-
ries established by this act.
SEC. is. Marshals, District Attorneys and
others, having public money, to pay the same
to such depository as shall be designated by
the Secretary Of the Treasury.
SIC. IL. All Treasures, to keep an entry
OF each sum received, and kind ofmoney, and
also oil each payment or transfer and Kind of
currency. Any investment, loan or ether use
OF public money by any Treasurer to be DEEM
ed an embeZzlement, and punished as felony;
and all persons participating or advising there
to to be punished by fine and imprisonment
SEC. IL. Until rooms, Offices, vaults, and
safes are constructed, the Secretary oftheTreas-
ury may hire them at the expense cf the u.
States, III the District of Columbia Philadel-
phia, n. Orleans, n. York, Boston, Charles
ton, and st. Louis.