New-York tribune., 1841-12-25
The FixcnL Bill.

The Report of the Secre ary OF tn. Treasury,
developing and defending the Administration Pisn
of Finance, is accompanied by the draft of bill
enacting ths, Plan into law. We do not publish
this bill entire, as it Is necessarily encountered
with unessential f,rns, while there is little proba
billy that it Will pass the Select Committee. even.
OF the House, withou, material change. The
American gives the following -ynopsis of its pro-
visions:
Sec. l. Creates in the Treasury Department ct
Washington an Exchequsr Board, to be composed
Of the Secretary OF the Treasury. the Treasurer
and three Commissioners. 10 be appointed by the
President and Senate-to hold for =. and year.
that vacancy will occur every two years, not
| removable except for causes specified, e.. One
of these Commissioners to be Presdent-to hold
for years. Secretary of the Treasury 10 appoint
all suhordinates.
Sec. ;. Exchequer may establish agencies net
exceeding Two in each State. Agents TO be ap
pointed and removable Tor by the Secretary
1f Treasury.
Soc 3 and l. E.chesuer and its agcncie, TO be
the fiscal, pension and loan agents OF the United
States. All demands again,t lh+ United States TO
De paid, at the option OF the holder, il coin OF
Treasury Notes.
Sec. s. Exchequer and agencies may receive
private depostes OF coin und issue certificates
therefor, never charging more than II per cent
therefor. Such deposiies never to exceed fifteen
millions certificates, aad ali other paper Issued,
red-emebe only where Issued
Sec g. Requires establishment of proper BY
laws, Nc.
Sec. T. Authorizes issue OF Treasury Notes in
sums fon > to 81 O00-redeemabe in coin at
he office where issued and re-iSSua5le.
Sec. g. Outstanding amount of Treasury Notes
ever to exceed fifteen millions.
Sec. 9 Exchrquer and agencies to settle weekly
vith bsrk- with which they deal, and never TO have
ess inan one-third of the amount OF lis outstand-
nc paper, in coin.
Sec. 10. Exchequer may draw on its agencies, and
gice versa, never charging moIc than tho cost OF
transporting specie, and in no case over2 per cent.
Sec. |. Exchequ-r and agencies may bay bills
of Exchange not payable in same STATE, and drawn
not within - miles of place of payiag and II within
500 miles, of not longer date than so days date :;
over 500 miles, Of so days sght-the seller not 10
be charged the Of over per cent lAterest and
the cost OF transporting specie.
SEC. u. No agency 10 receive private deposites,
or purchase Exchanges or sell drafts except for the
objects Of the Treasury, IN any State where forbid
len by the laws of such State.
Sec Is authorizes an issue of Fare Millions Of
fire per cent Stock to aid operations OF EXchequer,
If required, which Stock may be sold, and in
terest, and ultimately principal, be redeemed, by
Exchequerthe whole, however, under guarantee
of the United STATES.
Sec. ID requires that public accounts and private
accounts be kept in separate books and that profits
of priv business pay all salaries and expenses,
and balance go to Treasury, except that no balance
shall be so appropriated until over S2,0U0,0O0 &C
cue Two millions to be lett as contingent fund.
Sec. Is. Suits to be brough: in name OF the United
States.
Sec. l6. Vaults, &c. to be provided in Washing
Ton, and in the Minis and Custom-Houses
Sec. II. Exchequer may appoint any spece.Pay-
ing Bank its agent, but no such Bank to receive
deposites and deal in Exchange on account Of Tx
chequcr.
Sec 49, Accounts in detail to be made to Secre-
,ary of Treasury as often required, and by him
submitted to Congress Outstanding Treasury Notes
at every quarter to be published.
Secs. 10 and 20. Denounce as msdemeanors or
felony according to the case, all embezllemcnt or
false certificates on the part OF Exchsquer Com
mssoRers or agents.
From th- abstract readers who may not choose
TO read the whole bill, will understand It's nature
and power. N \. American