Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1841-12-25


nCh bills ot draiIs fot premium nol exceeding the
at ccsi al remriiing specie the place Of paycui
ud IN no cass 10 exceed two per ceniuin the a
anUnl OF suth Till Or daft In
Sec. II Aud be ~ further enact.d. Thai IL shall
'e hwiis ht slid Boar of ErchsQ Ter and each OF
H. age"e'es 10 purchase domestic bills OF exc hanse
'ubject 10 'ae following rules aud ognlaiions:
l. No h'l Ut ex.hlnse shall he bought which is
1ayable nl the STATE 90 Territory IN Which II
$ drawn. nor any ball payable within les than
miles of tho place ct drawing.
= Bills drawn cn place. tot more han FIVE hun
dred 'nics distant irOm the place OF Craving shall
tot he drawn for hunger time Than thirty days
inOrn dates and oslis draws places than five
hundred mile. iroSo the place ordsa~ny shall rot
he drawn for a longer t,sSe iLSn Ihivty days ftom
. ghi.
8 la no Instance shall moro be deusa.led fr,m 1
the seller oi-"rh ball. Ivy way of or exchange
tssn an interest not oedng sir per cent per an
mum toe the time which the said bill has run. and
rate OF exchange never exceeding the eo-i oi TO-
initing srsCie, and IA no case ts exceed two per
cent And a. shall not I've lawful Tor the Beard OF !
t.reheYuer, or any agency, To purchase any bull |
drawn ey or upon Any member officer thereof, or
ia Which such membcr officer shall IN any " ~
be Interested; nor receive any deposiic OF any
money belonging 90 any such member or officer
Aud no ball shall he purchased or draft sold at any
agency without the assent OC OF least VI the of
nee" oi such agency; nor By the Board Of EIche-
quer without tho assent ct two OF ii. members.
Sec. ". And he il further enacted. That no n.
gency established in any State under The proyisions
ct tins eei shall. contrary TO any law which such
State may enact, receive any oiher dcposiles than
those of the United States or make or cell drafts. or
purchase his oIkcr than such shall be necessary
IN the collection transfer and dis bd rsemenI OF The
/ public funds
Sec. Is. And he il further enacted. That fiat a.
ny time II shall be found Necessary cary on the
operations oft Exchcquer Boar. %. agencies here
by created, tho Secretary OF the Treasury may
cause TO be prepared, issued. and dslivered 10 Ihe
ESeheqrer Bard certificates Of stuck Of the United
States. IN the usual form. bearing interest a rate
not exceeding hvS per ceniu'n per anunm. 10 n.
Inpant not exceeding FIVE millions Of dollars the IN
'eresi Of which sha he re,iecmable nj the pleasure
ct the Governments sher the expiration OF taensy
years from the issue thereof And IL shall I've law.
fol Cor the said ENchoqusr Board sell and transfer
the said stock for gold silver coin. or bullion
And II shall he the duty OF tho Erchrquer Board
provide for the pnGciual payment Of the interest
the sud stock j. II shall become due aud fnr the
2 endorsement Of The principal from he profits ard
other means aud resources Ui the Board aud lis a.
ger cies. But the faith efIhe Government. never.
iheless shall DC pledged for the payment Of the iu-
ierest and the principal of such stock.
SEC. L. And be u fuIher enacted, That the
Board OF Eychrqucr and us several agencies shall
keep separate and distinct sets Of Iooks, for the
purpose" f entering asd recor Ing ia sci. all
Transactions respecting the collection. kee lin! AID
Disturbing oG the public revenue. and transmitting
the public moneys from place 10 place Cor the ser.
vice OF Government aud IN anoihcr. all transact
ions and accounts arising from dealings exchange
and Other transactions not on GJvernnen: account
And u profits accruing from dealing ia ex hauge
on indiNdual account and from private dcIpD-ite.
shall be applied m the tint place 10 pay all saare'
AMI cnnpens Iinns. and 10 deiray all expenses in
cured under the auth riiy OF this act an the re-.
idue thereof shall he placed u the credit ufIhc
United Safes; PrJviied. ne 'crthrsSs, That the
sIid Board may defer all sIch credits the Tre4-
sury. uiul the a'nIGat of prI.i;s a'ocaa.i shall
exceed two miiiinns Of dollars. aud may retain sad
amount OfiXJ millions a. \ iInl To- meet all con.
nsrncies ei'asseabIe on the ESchcq cr It's agen-
cirs
SIC. Is AID be il further enacted. rlaiir it
shall =, any bee necessary To hsing sut on
ony bill ofv1caangP or other debt or liLbluy arts.
ing out uf any Transaction uiuler the provision, of
this act. such san my he brought IA the naac .!
the United ) aIes IA an cirrI Court ol tho DATED
S'ates.or any Stale Court having competent jars
dirion.
Sac l6 And be il further enacted That thu.
necessary ro,us and vaults nr the sale keeping Of
Ihe puh!lc moneys and fir The Uanslcion ul III
business Of tbs B,arl OF E1chequer au us sgun
cies shall bs provided 10y the 'rrct-ury Dsplrincn
at the Guy OF Washington aud "a Ihc cus'olu hou.
sts, mi1i branch minis ond nthcr public building.
belonging Ia The United States. far /. The same
oaa he furnished with tut deIrIment 90 the public
service; and where the same cannot he furnished
the .ai,i hnrri may provide uIhers.
Sec. IL. And he II further enacted That IL shall
be lawlnl for the said Board of Exchcquer To ap.
foinI agent for the Board my specie paying
bunk an any Safe in whsre It may not be
deemed eIpsdent establish an Office or agency OF
snaI .rI f.r.
shall not he authorised in any event 10 receive de-
posiles 10 purcbaso sell bills drafts on ac-
count ofihe Board of EKche9uer.
SIC. =. And be Il further enacted, That fIll
and Irt accounts OF the pruceedIngs oi the Board
and IIs several agencies shall he furnished To the
Secretary Of the Treasury often lac my pre-.
scribe; and shall he the duty uf The aid Secrcia-
nv 10 lay abstracts Of the brfoIe Congress at
the commencement OF each annual session. aud To-
furnish full and p7rtic lar accounts and statements
Of the transactions of The Board ana It's agencies
when required by Congress; anil The amount Of
Treasury notes outstanding al the end Of every
quarter shall 30 soon thereafter ti,e sane my
ir nscerIained. be published by the Secretary Of
the Treasury.
SIC 10 And be il further eaaeied. That ifany
nt Inber Of the ETchs9uer Board, officer or clerk
employed 10 is business. any OF its agents shall
convert 10 his own use. ia any way. any money or
security deposited with belonging TO ihs said
lizard or any OF ITS agencies or belonging 10 the
United Siaies or any uher person or persons deal
ing or depOsitne with the sad Board any agency
he shalt be deemed gully Of felony, and, on con-
vic'ion thereof before aRy court Of The United SaIes
Of competent jurisdiction. shall be sentenced to i'm.
kp-isonmcnt fOr term not less than - nor
more Than - years, aud 20 fine equal to twice
the SUN or value OF The properly embczzed.
SEC. 20. And t. 10 further enacted, That If any
officer or member Of ire Board n E1chequer or any
Of lis agencies established under the p.oyision Of
this act.shall give or sign false certificate Of u
deposiIe having been made with any agency. or
shall issue or deliver any drafi bill Of exchange
without having received the full amonn, thereof.
and caused the receipt Of the 10 lie duly en-.
tered m the books OF the said agency. shall be
guilty OF any other malpractice by which any res
possibility ofihs said agency. Of the barA Of Ex
chequer. of the United States. shall be improper
" created or increased, he shall Toe deemed guilty