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

Bill


l fAOhoC
States of America in Congress assembled
That there shall be, and hereby is, creaI
ed and established in the Treasury De
partment, at the seat of Government
the United States, a Boarj, TO be Gale
the Exchequer OF the United States, TO b
composed OF the Secretary of the Urea
sury for the time being, the Treasurer Q
the United States for the lime being, an
three Commissioners, to be appointed b.
the President with the advice and consen
Of the Senate one OF the said Commls
%sioners first appointed, TO be appointed 10
two years, one for four years, and one 70
six wears, and vacancies subsequently, oc
curing, to be SO filled as that one vacsn
cy shall regularly occur TO the end o
every period of two years the said Com
missioners not 10 be removed from office
except from physical inability, incompe
tency, or neglect or violation Of duty ; AM
in case of any such removal, it shall BE-
the duty of the President to lay the rea'
son thereof before the Senate. And on
the first organization Of the Board, one o
the three Commissioners shall, by the
members thereof, be elected President,
who shall hold the office for two years,
when a new election shall be made and
in like manner a new election shall take
place afterwards at the end of each sue.
c~essive period of two years. And the
Secretary Of the Treasury shall have au-
thority to appoint all such inferior officers
as in the judgment of The Board the trans.
actions of its business may require, the
amount of their respective compensatlons
to be fixed by the Board, who may take
bonds for the faithful discharge of their
duty for such sums and in such manner as
the Secretary of the Treasury shall d.
rect. And each of said Commissioners
shall receive an annual salary Of
dollars.
SEC. 9. And be it further enacted, That
the said Board OF Exchequer shall have
power to establish agencies or offices in
such Of the cities or towns of the States
and Territories Of the United States as it
may Judge expedient, not exceeding two
in any State or Territory, and also wher-
ever Congress may by law require the
same to be established !; and such officers
and agents as may by the Board of Elk.
chequer be thought necessary for the
management of such agencies, and the
transaction Of their business, shnll be ap.
pointed by the Secretary OF the Treasury
on the recommendation Of the Board Of
E~xchequer and the said Board shall have
power TO fix the amount Of the respective
compensations for such officers, and to
provide regulations for the government OF
such agencies, the transaction Of .heir bu-
%siness, and the rendering accounts of all
their proceedings. And IN such regula-
tons they shall so assign and arrange the
duties of the officers Of the said agencies
as that one Of those officers shall be a
check and contro! 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 be re-
moved by the Secretary Of the Treasury
for physical inability, or incompetency, or
neglect or violation ofduty, but it shall be
his duty to state every removal of any
principal officer OF any agency, with his
reasons therefor, in his general annual
report Of the transactions OF the Board Of
E~xchequor.
SEC. 8. And be it further enacted, That
the said Exchequer and its officers shall
be the general agents of the Government
of the United States for receiving, safe
keeping, and discussing the public mon
eys, and transferring and transmitting the
same under the direction Of the Secretary
of the Treasury and all public moneys
received, from whatever sources, shall,
under the same directions, be paid nc
the said Exchequer or its agencies, and
the principal officers employed in such
agencies shall give bonos to the United
States for such amount and IN such form
as the Secretary Of the Treasury shall
prescribe for the faithful performance oil
their duties. And the said Board of Eek.
chequer and its several agencies shall pay
all warrants, drafts, or orders made there
on by the Treasurer Of the United States,
and by all disbursing officers ana agents
Of the Government having authority TO
make such drafts or orders. And every
such payment shall be made, at the option
of the person entitled to receive it, in gold
and silver coin or in Treasury notes.
SEC. 4. And be il further enacted, That
the said Exchequer and its officers shall
perform the duties of Commissioners OF
Loans. in receiving subscriptions, trans.
ferring stock, and paying dividends and
interest thereon. under the direct ms OF
the Secretary of the Treasury, and stall
render to the Treasurer of the United
States all necessary facilities for trans
ferring and disbursing the public funds as
shall be required by him, and shall per-
form all the duties OF pension agents under
the regulations prescribed by the Secreta'
~ of War, and shall render and perform
all other duties and services in relation to
the collecting, keeping, and ~dlsburslng o.
the public funds as shall be prescribed by
law or by the Secretary of the Treasury
SEC. 5. And be it, further enacted, IhaI
il shall be lawful for the Excheqder a.
the Seat Of Government, and It's seveIa
agencies, to receive on private deposItt
gold or silver COIN or bullion, the property
Of individuals, to be held as in other cases
OF deposites made by individuals for con
venience and security and to issue Ger
ti6cates Of the fact of such deposite hav
ing been made, which certificates shall
always be redeemed on presentation a