Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1841-12-30


distinct sets OF books, for the purpose Of
entering ana recording, IN n set, all
transactions respecting the collection,
keeping and discussing of the public rev.
enue, and Transmitting the public moneys
IRON place TO place for the service ofGoy.
eminent, and in another, all transactions
and accounts arising from dealings in ex-
change and other transactions not ON
Government account.
And all profits accrning from dealing
in exchange on individual aecoun, and
from private deposites shall be applied in
the first place to pay all %saiari,s and com.
pensaiions, and to defray all expenses in.
cured under the authority ofthis act, and
the residue thereof shall be placed semi
annually TO the credit of the Treasurer of
the United States I: Provided, nererthe-
less, That the said Board may defer all
such credits 10 the Treasurer, until the
amount Of profits aforesaid beyond ex-
penses shall exceed two millions of dol
lars, and may retain said amount of two
millions as a fund TO meet all contingent
cies chargeable Oh the Exchequer and its
agencies.
Sec is. And be il further enacted,
That If it shall at any time become me-
cessary 10 bring suit on any bill of x
change or other debt or liability arising
out of any transactions under the Prov.
sions ofthis act, such suit may be brought
in the name Of the United Suites IN any
Circuit Court Of the United States, or any
State Court having competent Jufisdic-
ton.
Sec. I6. And be 1t further enacted,
That the necessary rooms and vaults for
the afe-keeping Of the public moneys and
for the transaction of the business Of the
Board of Exchequer and its agencies
shall be provided by the Treasury De.
par,nent at the city Of Washington, and
in the custom. houses, mint, branch minis,
and other public buildings belonging to
the United States, so far as the same can
be furnished without detriment TO the pub.
lie service and where the same cannot
be so furnished, the said Board may pro-
vide others.
Sec. IT. And be it further enacted,
That It shall be lawful for the said Board
of Exchequer to appoint as agent for the
Board any specie-pay ing bank in any
State in cases were it may not be deemed
expedient to establish an Office or agency
OF the said Board, as hereinbefore pro-
vided, but such bank shall not be author.
ICED in any event TO receive deposites or
to purchase or sell bills or drafts on ac-
count Of the Board Of Exchequer.
Co. 10 AnI L. - (,.thx. ou.
That full and exact account of the pro-
ceedings Of the Board and its several "a
gencies shall be furnished to the Secretary
Of the Treasury as often as he may pre-
scribe ; and it shall be the duty OF the
said Secretary to lay abstracts Of the
same before Congress at the commence
ment OF each annual session, and TO fur.
nish full and particular accounts and
statements Of the Transactions OF the
Board and its agencies when required by
Congress and the amount OF Treasury
notes outstanding at the end Of every
quarter shall, so coon thereafter US the
may be ascertained, be published by
the Secretary of The Treasury.
Sec. 10. And be ii further enacted,
That :f any member Of the Exchequer
Board, or any officer or clerk employed
in its business or any Of its agencies, shall
convert to his own use, in any way, any
money or security deposited with or be-
longing to the said Board or any of its
agencies, or belonging to the United
States, or my other person or persons
dealing or depositing with the said Board
any agency, he hal be deemed guilty
of felony, and, on conviction thereof be-
fore any court of the United States Of
competent jurisdiction, shall be sentenced
to Imprisonment for a term not less than
nor more than - yenrs, and
to a fine equal to twice the sum or value
of the property embezzled.
Sec. 90. And be ii further enacted,
if my officer or member Of the
Board Of Exchequer. or any Of its agen.
established under the provisions of
this net, shall give or sign a false certifi-
cate of d~eposite ha wing been made with
any agency, or shall issue or deliver any
draft or bill Of exchange without having
received the full amount thereof, and
cause the receipt Of the same to be duly
entered in the books oil the said ageEcy,
shall be guilty Of any other NAL prac-
lice by which any responsibility OF the
said agency, or Of the Board Of Exche-
quer, or ofthe United States, shall be inn
properly created or increased, he shall be
deemed guilty of a misdemeanor, and, on
conviction thereof in any court OF the
United States of competent jurisdiction,
shall be sentenced to Imprisonment for a
term not less than one year nor more than
seven years, and to a fine equal to the a.
mount ofthe false certificate go given, or
Of the bill or draft so issued or delivered,
or to the amount Of the responsibility so
created or increased.
We were shewn yesterday, the new