Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1841-12-30

d., re0eemaOIe m
gold and silver lcOin1 on demand, when issued.
The Treasury notes at the seat of Government.
issued ny the Exchequer, to be in like FORM paw
able to the order Of Conmis sioners and eudorsable
by one OF them, and redeemable at the seat of
Government, IN gold and slver--lists of all notes.
notes to be Reasonable.
o. Notes outstanding MOTTO exceed, at any time,
Sl5,00O,0OO, unless otherwise ordered bv law.
The Secretary Of the Treasury authorized to fur
nish suitable amounts for the Board, and it's sew
eral agencies; all public dues and salaries tn b,
paid, optionally, in Treasury notes. gold and sill
where received.
9. THE Board and Agencies 70 settle weekly or
oitener with all banks-no individual allowed as
DEBTOR TO the Exchequer its Agences-,he
gold and silver on hand ALWAYS to equal one.
third oil the amount of issues.
iO. Exchequer to draw bills or drafts on any
agency, and authorize any agency to draw on the
Board, or other agencies, and sell, and authorize
agencies TO sell, Tor premium exceeding cost
OF remitting specie to place of payment. but in
no case exceeding ttUo per cent.
III. Inc Exchequer and Agencies authorized
to purchase BILLS OF EXCHANGE, subject
to the following rules and regulations
LIST. no bill TO be bought payable in the same
S'a'e OF territory where drawn, nor any bill pay
drawing.
I'd. Bills drawn on places not exceeding 500
miles, not TO exceed 80 days from date exceed
ing 5o0 miles, not to exceed 80 days from sight.
ou: interest on bills not to exceed per cent;
| premium not to exceed cost of RENTING specie
and limited to 2per cent. No officer ofthe Board
or Agencies permitted to be interested in the me-
| goaton of any bill to make any deposite. and
no bill to be purchased or sold without the assent
OF two members Of the Board, or of two officers
of the Agency.
| IL. No agency established in any State, shall
contrary to its laws, receive any other deposits,
but those of the Government, or negotiate Bills.
other than shall be necessary for the disposition
OF the public funds.
l3. Ii found necessary to carry on the opera
tions of the Exchequcr, the Secretary of the
treasury may authorize the issue of certificates
OF stock OF the United States-bearng not ex-
ceeding per cent. interest, the amount not ex-
ceedng S5,0lOO00, interest semi-annually re-
deehaeie alter 20 years-the stock to be sold for
| gold or silver coin or bullion. The interest to be
provided Tor, and the Reimbursement of the prin-
clpal, from the resources of the Board and agen-
cies but the faith of the Government pledged for
| both.
IA. The Exchequer and its agencies to keen
distnct and separate sets of books; one for all
transactions relating to the service of the Govern
ment; the other, for all accounts arising from ne
| goclaling Exchanges, and other transactions, no.
on Government account. All profits accruing
from Exchanges and deposits on private account,
| first to deiIay salaries and expenses accruing
under this act; and the residue be placed semi.
annually to the credit of the Treasury. Pyovided
nevertheless, The Board may defer all credits to
| the Treasury, till the amount (beyond the expen-
ses) shall exceed $2,000,OOo, and may retain this
sum to meet all contingencies chargeable on the
EXchequer or its agencies.
10. All suits, (for debts arising under the act,)
to be brought In the name of the United States, in
any circuit court or any State court 10 competent
| Jurisdiction.
l6. The rooms and vaults necessary for the
nj ia.
Its agencies, and for the safe keeping of the pub
lie moneys, &C., to be provided at the Treasury
department, and in the Custom Houses, Minis.
branch MINIS, and other public buildings, where
not detrimental to the public service; otherwise,
provision to be made herein, by the Board
IL. The Excheqner to appoint, as agent for the
BOARD, any sPecie-Paying Bank in any State,
"hen deemed ineXpedlent to establish an office or
agency-but without authority to receive depos-
lis or negotiate exchanges for the Excheauer
TO- Full and exact accounts to be rendered by
the EXchequer and agencies, to The Secretary of
the treasury, as often as he directs; the Secreta-
tary to lay abstracts OF the same before Congress
at the commencement of each annual session ::
and to furnish also full accounts of the doings of
the Exchequer and agencies when required, and
10 publish the amount of outstanding Treasury
! notes at the end of every quarter.
~. ANY member of the Exchequer Board, or
any oihcer or clerk of its Agencies converting to
their own use, any money or security deposited
WIN OF DeIonglng to the Board or its Agencies
or TO the United States, or to any person dealing
! or deposilng with the Board or Agencies shall
be deemed guilty of felony land conviction shall
be sentenced TO Imprisonment for term not less
than - nor more than - years and to fine
equal to twice the sum or value of property en-
| 5eZZled.
70. Any officer or member of the Excheauer,
or Its Agencies, giving or signing false certifi-
cate OF deposit, or issuing or delivering 2ny draft
or Dill OIL exchange without having received the
full amount, and causing the receipt of the Same
| to be entered in the Books of the Agency, or be-
Ing guilty of any malpractce by which any res
! possibility ofthe Agency, Exchequer, or United
States, may be created Increased, shall be gull
! ~ oil a mIsdemeanor, and on conviction. be sem
| fenced to Imprisonment, not less than one, nor
more than seven years, and to fine equal to the
amount of the false certificate given, bill or draft
Issued or delivered, or to the amount Of the res
possibility so created or increased.
A motion was made by Mr.. Preston in
the Senate on Thursday to print 5000 addi-
tlonal copies of the Report of the Secretary of
the Treasury upon the Fiscal Agent, and an
intlmation given that it might be referred in
the course of a few days 10 select committee
of the Senate. Mr. Buchanan sgnified his in
tentlon of discussing the plan at the proper
time The Report and Bill are already in
| charge of the Select Committee of the House
|