Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1842-01-04
THE FISCAL AGENT.

In compliance with a resolution of the
House Of Representatives, the Secretary
Of the Treasury has laid before it the fol
lowing bill, which was recommended in
the Presidents message.
A BILL
Amendatory of the several Acts estab
fishing the Treasury Department.
Section I. Be ii enacted BY the Senr
ate and House Of Representatives. Of the
United States Of America in Congress as.
SSmbled, That there shall be, and here,
by is, created and established in the
Treasury Department at the sea: Of the
Government of the United States, Board
TO be called the Eychequer of the United
States, to be composed of The Secretary
of the Treasury for the time being, the
Treasurer of the United States for the
time being, and three Commissioners, to
be appointed by the President with the
advice and consent of the Senate; one of
the said Commissioners first appointed to
be appointed for two years, one for four
years, and one for six years, and vacan-
cies subsequently occurring, TO be so
filed as that one vacancy shall regularly
occur at the and of every period of two
years; the said Commissioners not to be
removed from Office, except for physical
inability, incompetency, or neglect or vio-
.latlon Of duty; and in case of any such
removal, it shall be the duty of the Pres
dent to lay the reason thereof before the
Senate. And on the first organization
of the Board, one of the three Commis-
sioners shall, by the members thereof, be
elected President, who shall hold his Office
for two years, when new election shall
be made and in like manner new elec-
ton shall take place afterwards at the
end Of each successive period of two
years. Aud the Secretary ofthe Treas
ury shall have authority to appoint all
such inferior officers as in the judgment
of the Board the transaction of. its busi-
ness may require, the amount of their re.
spective compensatOns 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 Secre-
tary of the Treasury shall direct
Aud each of said Commissioners shall
receive an annual salary of---dol-
lars.
Sec. 9. And be it further enacted,
That the said Board of Exchequer shall
have power to establish agencies or off.
GERS 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
wherever Congress may by law require
the same to be established; and such off
GERS and agents as may by the Board of
Exchequer be thought necessary for the
management Of such agencies, and the
transaction of their business, shall be
dpointed by the Secretary of the Trea-
sury on the recommendation of the Board
of Exchequer; and the said Board shall
have power 10 fix the amount of the re.
spective cOmpensations of such officers,
and to provide regulations for the govern
ment of such agencies, the transaction of
their business, and the rendering accounts
of all their business, and the rendering
accounts of all their proceedings. And
in such regulations they shall so assign
and arrange the duties of the officers of
the said agencies as that one of those Off
GERS shall be check and control upon
the other, and for that purpose they shall
require that the accounts and proceed
ings of each shall be entered in PROPER
books. And any of the officers of the said
agencies may be removed by the Secreta-
ry of the Treasury for physical inability
or incompetency, or neglect or violation
of duty, but it shall be his duty to state
every removal of any agency, with his
reasons therefor in his general annual re.
port of the transactions Of the Board of
Exchequer.
Sec. 3. And be It further enacted,
That the said Exchequer and its officers
shall be the general agents Of the govern
ment of the United States for receiving
safe-keeping, and disbursing the public
moneys, and transferring and transmitting
The same under the direction of the Sec
retary of the Treasury; aud all public
moneys rebeved, from whatever sources,
shall, under the same directions, be paid
into the said Exchequer or its agencies;
and The principal officers employed in such
agencies shall give bonds to the United
States for such amount and in such form
as the Secretary of the Treasury shall
prescribe for the faithful performance of
their duties. And the said board of Ex-
cheqler and its several agencies shall pay
all warrants, drafts, or orders made there
on by the Treasurer Of the United States
and by all discussing officers and 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. A. And be It further enacted,
That the said Exchequer and its off,