The Camden journal. [volume] (Camden, S.C.) 1836-1851, 1841-11-17
From theIlerandrid Mder.

1sSsfss " Stofshb w WY IL oh wv 4A"t'''
y sonian5the following project for an En-:
cbequer of;,he u. States, sothat oar read
\. sers may know how the spirit Of paper
moneyshas been curbelSin its wild career,
s since. Martin Van Buren, Recommended Il
separation of Bank aud Stale, and appeal
ed te.the people for l!.eirapproval. ~
We call this an Excheqner in its !egitl-
mate sense. Ii never issues updn- noini-
nalcapital, andsit pass3il bills in sprcis; ii
Z :ilassnos stockholders, aud IFS directors are
Z <5its; servants instead ofsits mastees. 1t is
time for every man to give his views upon
s 9he currency whenno system prevails in
aihe, country The mystery of Banking is
& fast fading away We shall give ours
soon. Come &genti iemen, we must have
money. Who shall make it! =
sEXCHEQUER OF THE U. STATES.
q For receiving, safc.keeping and dispursing
The Public Revenue, and receiving private
: deposits 10 furnish medium Of Exc change.
sss5si. To be established at Washington,
: ID. c., with Offices or agencies wherever
necessary and proper. and authorized by
Z law. s;ss :. 80. K :.
9 2. The capital or basis; of issues to CON
y sist snlely ofthe public Revenue, and pri-.
yste deposits, in gold and silver coin and
bullion. .y-s5v -
81 The Secretary Of lhe Treasury to
s authorize the issue Of bills of the denomi-,
nation OF S5 b ! lupwards signed, by the
sSTreasuref and countersigned by the Re
pisterof the United States payable onde-.
smand, in gold and silver coin, at the iden-
;tical place of deposit, and receivable for.
!. the public revenue: and all Government
dues, every where.
q. The amount Of bills in circulation
AT any time not to exceed Sl5, ,000, 600, Tor
any limit under Sl00,000,000,) and one
percent agio, or premedium, Tor any less
per. ceniage,) to be paid for all amounts
sissned, whether to private repositories or
pnblic creditors.
s. Three commissioners 10 be appoint
,sed tosmnnage the concerns 'ofthe Excheq-|
Saer, and the like number for each Office
gsorS Agency, to be severally denominated
sur Receiyer, Disbnrser, and Auditor, oflhe
Revenne and Deposits to give seperate
bonds. andreceive salaries. -
6. Offices or Agencies Of the Exche:
ssouer 10 be established at the following
ports of entry and places, viz: Boston,
Mass; New York, n Y; Philadelphia, Pa.
Charleston IS. c.; New Orleans, La, Gin
scinatii, Ohio: Tor Louisville, Ky Detroit
Mich. (orE Chicago. Ill.l aud wherever
public interest had convenience shall rcn-
Ssler;offices necessary and proper. and au,,s
.thofised bylaw. 'ss55.,
4. The Secretary tho Treasury, from
time to time, ,&to direct the Treasurer TO |
transmit a suitable. amount4o of bills tothe
commissioners ofany Office or Agency
when;pnbiic interest and convenience shallI
require. it, TO be exchanged for deposits In!
gold and silver coin and bullion, or 10 be
discussed to public creditors.
AS All bills transmitted 10 the Commls-
sioners of any Office or Agency, to be
made payable. on theirs face, to their or
der; aud when exchanged dor. disbursed, to
be ssyeraliy endorsed by the mall payable
ID. the orderof the person, or personsr
7ceiyings the same. - I. -..t'ss 80. -.
81 @. The hesComnissioners to act in alf=ca-
sses as the General Agents ofthe Treasury,
sor receiving, safe -keeping, disbursing,t
Transferring, and transmitting the public [
.inoneyssand2 other securities, under the
direction ofthe Secretarylof the Treasury.
10. sSeperate; duties to be assigned to
each C Commissioner, viz: tosone, the duty
ofrecei8ing all moneys or other securities
10 another, that paying, transferring or
Transmitting the same; to the other, that
eof keeping the account books, journals,
saudi,ing The accounts, and making out
weekly Tor semi-monthly returns of all
/ The sdoinss Of the Office orAgency-wbichl
s:shulI be signed by aIlthe Commissioners
and published, officially, weekly, Tor seml--'|
monthly. )boilfat Washington, and,at the
place OF the Office or Agency,
II. All public moneys, receired from
SwhateYersources to be paid over TO thei
+ Commissioners ofany Office or Agency, /
where the collecting officers reside within
E Z ssconvenient distances, under The direction!
oi the Secretary ofthe Treasury.
a2. For the safe-keeplng of the public
moneys, deposits, securities, books ar
counts. and whatever else aPpertains there
10, strong and secure fire proof vault or
sssafe shall be provided for the Excheqncr
sat,d each ofits Offices or Agencies, haH.
ingsthree several and disimilar locks the
several keys ofwhich shsllbe separately