The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1841-12-23
W . y " II
Secretary Of The Treasury.
A BILE
Amendatory of the several Acts establishing the
Treasury Department.

Treasury Department.
Secl BE il cnqc,td bytbe Senate and House o.
Representatives. Of HE Taifed States Of America ii
Copgress asscmJiea, ,hat there snail be, and hereby
is created and established in the Treasury Depart
nent at the Seat of the G. vern1eni of the United
States Board, To be called the EXchcquer of the
United States 10 b. composed Of he Secretary of the
Id sstss a Il" h" beia hs an lee "ms
sioners 10 DC appointed by he resident, with the
advice and conscGt of the Senate one of the said
Commissioners first appointed To be appointed for two
years for four years, and for SIX years, and
vacancies subsequently occurring to be So filled as
that one vacancy shall regularly at the end OF
every period of two years; The sad Commissioners
he removed from office, except for physical ina
brilty incompetency neglect or violation OF duty,
and in of any such removal it shall he the duty
of the President to lay the reason thereof before the
Senate And on the fist organzat on of the Board,
one Of the three Commissioners shall bv the members
thereof be elected President who shall hold lis office
for Two years and IN like inanncl new election sha
take place afterwards al the end Of each successive
period of two years. And the Secretary of the Irea-
sury shall have authority appoint ali such inferior
officer, IN the judgment of the Board the ransac-
ton of its business may require, the amount of
their respective compensations TO be fixed by the
Board, who may take bonds for the faithful discharge
oftheir duty, for such sums and in such manner as
the Secretary Of the Treasury shall direct And each
Of the said Commissioners Shall receive an annual
salary Of -- dollars
Sec. . And 6euttpther enacted That the said Board
of EXchequer shall have power TO establish agencies
or Offices in such of the cities towns of the States
and Territories Of the United States ~ it may Judge
cxpedent, not exceeding two in any State or Terri
tory, and also wherever Congress may hv law re-
qairo the same to be establishes and such officers and
agents as may by the Board Of ENchequer be thought
necessary Tor the management of such agencies and
the transaction Of their business Shall be appointed
by the secretary of the Treasury on the recommen-
daton of the Board of ENchequer and the said Board
shall have power to hN the amount of the respective
compcnsations of such officers and TO provide regu-
aons for the govc rnment of such agencies the trans
action of their business and the rendering accounts
of all their proceedings. And in such regulations
they shall assign and arrange the duties of the ot-
GERS of the said agencies, that of those officers
shall be check and control upon the other and for
that purpose they shall require that the accounts and
proceedings of each shall be entered in proper books
And any of the officers of the said agencies may he
removed by the Secretary Of the Treasury for plsi
cal inability Incompetence or neglect or violation
of duty, but it shall be his duty to state every re-
mcva of any principal officer fanny agency with his
reasons therefor, III ms general annual report of the
transactions OF the ENcLcqler
Sec. ard be Il firthcr cuaetrd, That the said
ExchcQucr and Iis officers shah bette general agents
OF the Government Of the United STATE Tor receiving
.ae-keepng and dlsbursipg the public moneys, and
transferring and transmitting the same under the di-
recton OF the Secretary of the Treasury and all pub
der the same directions, be paid into the said Exche
quer or lis agencies and the principal officers
boytd in such agencies shall give bonds TO the United
States for such amount and N such form as the Sccrc
tary OF the Treasury shall prescribe for The faithful
performance Of their duties. And the said Board OF
Exchequcr and its several agencies shall pay al war
rants drafts, olders made thereon 10y the Treasurer
Of the United States, aud by all discussing officers
and agents of the Government having authority to
make such drafts OF orders And every such payment
sh Ill be made at the option Of the person entitled to
receive 1t, in gold aud silver coin or in Treasury
notes.
Sec l. AMI be il further enacted That the said
Exchcqucg and lis officers shall perform the duties of
Commissioners Of Loans in receiving subscriptions
transferring stock, and paying dividends and interest
thereon under tho directions of the Secretary Of the
Treasury and shall render to the Treasurer of the
United States all necessary facilities for Transferring
and disbur,ng the public funds shall be required by
him. and shall perform all the duties Of pension gents
under the regulations prescribed hy tkr Secret ary Of
War, and shall render ard pcrfora all other duties
and services IN relation to the collecting safe keeping
aud disursinE OF the public funds shall be pre-
sciIhcd Ivy law or by the Secretary ofthc Treasury,
Sec 3 ArHiou fuftb,t euacttd Tint It shall be
lawful for the Exchcquc ut The Seat Of Government
and It's several agencies To receive private depos,
gold or silver or bullion the property OF ndriju
ais to be held other of deposits made hy in.
diNlduals Tor convenience and stcurty and TO issue
certificates Of the fact Of such deposit having been