Bloomington herald. [volume] (Bloomington, I. T. [Iowa]) 1840-1849, 1842-01-14
A BILL
.qmendatory ofthe several Acts establishing the
Treasury Department.

.amendatory fthe several Aets establishing the
Treasury Department.
SECTION /. Be 1t enacted by the Senate and
House of Representatives Of the United States q
.america in Congress assembled, Thatthere shall
be, and hereby is, created and established in
the Treasury Department, 1.-THE seat ofthe Gov
eminent of the United States, board to be call
ed the Exchequer 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 commits
sioners 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 vacancies subsequent.
ly occurring to be so filled as that one
vacancy shall rsgulsIly occur at the end Of ex.
cry period of two years the said commission
ers not to be removed from Office, except for
physical inability, incompetency, or neglect or
moval, it shall be the duty Of the President to
on the first organization of the board, one of
the three commissioners shall. by the members
threof, be elected president, who shall hold his
office for two years, when new election shall
be made; and, in like manner, new election
shall take place afterwards at the end of each
successive period of two years. And the Sec.
rotary of the Treasury shall have authority to
appoint all such inferior officers as in judgment
Of the board. the transaction of its business
may require; the amount of their respective
compensations 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 direct.
And each of said commissioners shall receive
an annual salary of - dollars.
SEC. 2. find be 1t further enacted, That the
said board Of exchequer shall have power to
establish agencies or Offices in such of the cit
les or towns of the States and Territories ofthe
United States as it may Judge expedient, net
exceeding two in any State or Territory, and
also wherever Congress may by law require
the same 10 be established and such officers
and agents as may BY the board of exchequer,
be thought necessary for the management Of
such agencies, and The transaction Of their bu-
siness, shall be appointed by the Secretary Of
the Treasury on the recommendation of the
board of exchequer; and the said board shall
have power to fix the amount of the respective
regulations for the government of such agen-
cies, the transaction Of 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 a.
gences as that one Of those officers shall be
check and control 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 removed by the Secreta-
~ of the Treasury for physical inability, OF
incompetency, or neglect or violation of duty
but it shall be his duty to state every removal
ofany principal officer Of any agency, with his
reasons therefor, in his general annual report
Of the transactions Of the board of exchequer.
SEC. 3. find be 1t further enacted, That the
said exchequer and its officers shall be the gen.
eral agents Of the Government of the United
States for receiving, safe-keeping, and disburs-
Ing the public moneys, 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 into the
said exchequer or its agencies; and the prin-
cipal officers employed in such agencies shall
give bonds to the United States, for such a.
mount aud in such form as the Secretary of the
Treasury shall prescribe, for the faithful per-
Torrance of their duties. And the said board
Of exchequer and its several agencies shall pay
all warrants, drafts, or orders made thereon by
the Treasurer Of the United States, and by all
disbursing officers and sgents of the Govern
menthaving authority to make such drafts OF
orders. And every such payment shall be
made, at the option Of the person entitled to
receive it, 10 gold and silver coin or in Treas
m3 notes..
SIC. 4. ind Be It further enacted, That the
sad excheqcer and its officers shall perform the