The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1840-02-27
SUBSTANCE OF TIE ACT
For the establishment of the Sub.Treasury, as i
passed the United States Senate

be htted up win secure Hfe PROOF 'touN
and safes for keeping the public money, anc
for the accommodation of the Treasurer, his
Assistants and Clerks-whIch is declared
10 be the Treasury Of the L. 5.
Sec. =. The vaults aud the safes Of the
Mint and branch Mint at New Orleans 10
be places of Opposite, and the Treasurer Of
each to have the custody and care of The
public money.
Sec 3. Rooms 10 be provided in the Gus
tom House now building 10 New York and
Boston for the use of Receivers General and
secure fire proof vaults and safes for keeping
public moneys, said Receivers General to
have the custody Of said rooms, vaults aud
safes, aud the money deposited therein, and
transfer and disburse the same.
| Sec. 4. Suitable offices, with convenient
rooms provided with secure fire. proof wants
and safes to be erected at Charleston and
ST. Louis; Receivers General TO have the
custody and care OF said fire proof vaults
aud safes and the money therein deposited ;
and also TO transfer aud disburse such mo
uey.
Sec. ). The President, with the consent,
Of the Senate, 10 appoint four Receivers
General OF public money TO hold their 9TH
ces for years; one to be located in New
York, one 10 Boston, one in Charleston, and
the fourth in St. Louis; all 10 give bond
with sureues.
See. 6. The Treasurer Of the United
States, the Treasurer of the Mint and the
several branch hints, all collectors OF Gus
toms or surveyors, acting as collectors, all
receivers general, all receivers Of public no
neys OF the various land offices, aud all post
masters, required 10 keep safely, without
Ioanlng, all money collected BY or placed
10 their custody, tiIl transferred or paid on,
upon ,he order of the proper officer OF the
I Government and do all duties as fiscal
agents of the Government which Congres
or the Treasury Department may impose
pay pensions and make disbursements which
any of the Executive Departments may BE-
required by law to make.
Sec. :. Treasurer Of the United States,
Treasurer of the Mint and branch mint al
New Orleans, and receivers general 10 give
bonds with suretles according To the direc
ton OF the Secretary Of the Treasury, WITH
the consent OF the President, and 10 the Sails
faction of 'he Solicitor Of the Treasury.
Sec. :. Secretary Of The Treasury to re-
qulre bonds from the several deposltarles,
created with such surety as shall seem
reasonable aud safe BY the Solicitor Of The
I Treasury.
Sec. g. All collectors aud receivers IL
the District Of Columbia, in the cities 81
Philadelphia and New Orleans, 10 the cite.
Of New ! otk, Boston. Charleston, aud 81
Louis, to pay over all money TO the receiy
ers general or the Treasurer Of the Mint OF
branch mint, as often as required by the
Secretary OF the Treasury or the Post
master General, not less than once 10 each
/ week
! Sec. TO- Secretary Of the Treasury aud
Postmaster General empowered 10 their dis
cretiou 10 transfer money from any dcposl
tory, 10 the mot, branch mint, or either q
the Offices Of the Receivers General, anc
! aso from the hands Of one depository, t,
that Of another as safety or public conye
uielce may 70 them seem 10 REQUIRE
, Treasurer &c the e. States also aulhorz~,
to draw upon auy depository as he may ,hint
conducive 10 public interest, or couyunienc'
II public creditors.
See. IL. All money 10 repositories 10 b.
considered to the credit Of the treasure
Of the United States, and Subject % bis drat
for transfer or disbursement. Deposiiorie
to make returns to the Treasury and Pos
Office Departments, as shall be directed bl
the head Of these departments.
Sec. II. Secretary Of tie Treasure All
,horized 10 examine INTO accounts Of deposl
tories, aud to appoint special agents for thn
purpose, with such Compensation az be NAY
think reasonable. Agents to examin,
books, accounts, money on hand, and the
manner IN which the same is kept so as L
secure uniformity.
Sec. 10. Naval Officer and Surveyor
Register Of Land Offices, Director ant
Superintendent Of each mint and branct
mint, every quarter, or 0ftener, If directed
by the Secretary Of the Treasury, also 10 ex
anime the accounts ard money OF the Re
ceivers General, Collectors, Receivers o.
1 the Land Offices, and rreasurers and make
i return uf such examination TO the Treasury
/ Department.
Sec Ia. Treasurers under this &C, may
be allowed by the Secretary Of the Treasury
for expenses for clerks, fire proof chests Of
vaults, or olner expenses OF safe keeping
transferring or dsburslng public money
| prorided, the whole number Of clerks shat
not exceed ten. and the aggregate compcn
salion exceed 81 900 nor the compensation
Of any one clerk exceed $500 per annum
Sec. Is. Secretary Of the Treasury re
qulred to withdraw public funds from pres
ent repositories, and confne all Transaction,
10 repositories established by this act.
Sec l6. Marshals, District Attorneys ant
others having public money to pay the same
10 such depository as shall be designated by
The Secretary Of the Treasury.
Sec. II. All Treasurers to keep an entry
Of each sum received and kInd Of money
and also Of each payment or transfer, and