The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1842-01-13

any agency, with his reasons therefor, IN his
general annual report of the transactions OF the
Board Of Exciiequer
SEE g. And be IL further enacted. That tho
said Exchequer and IFS officers shall be the gon.
eral agents OF tho Government OF Inc United
States for receiving, saie.keeping, and dlsbars.
ing tho public moneys, and Transferring ana
Transmitting the same under the direction OF the
Treasury and all public monies received. fiom
whatever sources, shall, under The same direc-
tions, be paid into the said Exehsquer or It's agen
cies and the principal officers employed in such
agencies shall give bonds 10 the United States
for such amount and IN such form as the Seereta-
~ of the Treasury shall prescribe for the faith
full performance Of their duties. And the said
Board Of Exchequor and its seversi agencies shall
pay all warrants, drafts or orders made thereon
by The Treasurer Of the United States. and by all
discussing officers and agents of tue Government
having authority 10 make such drafts or orders
And every such payment shall be made. at the
option of The person cutled to receive IT, IN gold
and silver coin or in Treasury notes,
SEc. 4. And be II further enacted, That the
said Excbequer and its officers shall perform the
duties of Commissioners Of Loans, in receiving
subscriptions, transferring stock. and paying d..
ydends and interest thereon, under the uireetions
OF the Secretary of the Treasury, and shall rem
der to the Treasurer Of the United States all ne
cessary facilities for transferring and dshursing
the public funds as shall DO required by him, and
shall perform all the duties of pension agents un
der the regulations prescribed BY the Secretary Of
War. and shall render and perform all other du-
ties and services in relation to the collecting,
Keeping and dIsbursing Of tho public funds as
shall be prescribed by law or BY the Secretary OF
tho Treasury.
SEC, S. And Le il further enacted, That Il
shall be lawful for the Exehequsr at the seat OF
Government. aud its several agencies, to receive
on private depesiie gold or silver coin o: bullion,
the property OF indiyiduss TO be held rs in other
cases of depositcs made by individuals for COVE
nienco and security aud to issue certificates OF
tho fact Of such deposites having been made :
which certificates shall always be redeemed On
| presentation at the agency where issaed. hnt
| Ito amount so deposited shall reytr exceed 10 The
whole fifteen millions OF dollars, 10 be distributed
! by the Board among its several agencies accord
ing 10 the extent of their business respectively
Z and for issuing such certificates no higher pre-
minm shall be demanded than shall be sufficient to
indemnify against the hazard of loss and resnane
rate fer tho safo.kcepng the deposie, and IN no
instance 10 exceed one. half Of one per cent Ddt
paper iseued ty the iloasd and It's several agen.
cies whether IN the form Of bills oF Of certificates
OF Opposite, shall be rcdeemable only Of the place
where issued unless the Board shall sec Gauss 10
order otherwise.
| SIC. 6. ARd BE- it further eEaeisd, That ii
shall be the dn,y Of the said Board of Exchcquer
within three months after lis first oVganizainn
TO estab lsi such BY laws and rules Of proceeding
as il may Judge eS pedient and proper for the 80.
/ gulation Of lis concerns and the government OF
It's agencies and copies OF all existing bylaws
aud regulations stall bo laid before Congress eve.
" year at It's annual session.
( SEC. 7. And Be il further enacted. That the
Secretary of tho Treasury IS hereby authorized
and directed 10 cause to DO prepared Treasury
notes Of denominations not less than FIVE dollars
nor exceeding one thousand dollars. which notes
shall be signed by the Treasurer Of the United
States and counter signed BY the President OF the
| Board Of ExchequeF, and made payable 10 the or
deI Of the principal agent al each agency, and
I shall be By him endorsed when issued al each
agency, and which notes shall be redeemable and
I shall DO redeemed IN gold and silver on demand,
at the agency where issued anJ Treasury notes
! intcgdcd 10 be .ss-sd by tho Beard Of Exchsfacr
at the seat Of Government shall be in like form,
I and shall be payable 10 the order OF the Commits
sione-s, and shall 30 endorsed hy sono ono Of
\ them when issued. and shall be rsdeemahls and
redeemed, at said Board, on demand. in gold and
silver and exact and perfect lists Of all notes 20
signed shall he kept at the Treasury and all
Treasury notes issued under tho authority OF Ihis
act may, when rcdsefnoj, be rs-lssueG 81 The
Board and is agencies respectively.
Sac. s. And Be u further enacted, That the
amount Of Treasury notes issued aud outstanding
shall not, at any ono time. exceed tho amount Of
fifteen millions Of dollsrs, unless otherwise or.
dercd OF provided ~ iaw, and the Secretary Of
the Treasury is authorized, FROM time TO time, on
tha application Of tho Board OF Exohequef, 10
I furnish for It's own aud that OF its several
gences a suitable afnnnnt of such notes. 10 DC
usod in the Transaction OF its business; and al
dues 10 the United States. or any officer or dn.
parmeHt thereof, may b. paid IN gold OF silver
coin, in Treasury notes issued under this act. or
in tho notes OF banks which shah b. Immediately
convertible into specie at the plaes where ~
ccivcd.
ssg. g. ard ts Il faiIer enacted, Tilat the
Board Of Exeheq1er al the Scat Of Governpent
and each OF its sgencies shah settle weekly, or
oltener, with all banks IN their neighaorhood
whose paper they may have received. ard pay or
collect, as the case may BE-. all balances between
j, and said banks; and no individual shall 10 al.
lowed at any time to stand as debtor to tho Tx.
chequer or any OF its agencies in account and il
shall DO the dnty o.'thc aid Bosrd Of Exchequcr.
and each Of lis several agencies, at all ,nes go
10 limit It's issues that its gold and silver on hand
shall be equal 10 oHs-third the amount III such
issues outstanding.
SEC. 10. And Be il further enacted, That The
said Board If ESchequer may dfaw bills or drafts
on any Of its agencies. and may authorize any
agency TO draw bills or drafts % the Board or any
other agency, and my sell and authorize its
agencies TO sell saeh bills or tFafts for premium
not exceeding the fair cort Of renting specie to
the place Of Payment, and in no case to exceed
two per ccntum tho amount Of susd bill or
DRAFT.
SEc. III. And Js II further enacted, That II
shall be lawful for said Board of Exehequer and
each Of its agencies to purchase domestic h:lls Of
exchange, subject to the following rules and 70.
gulations:
|. No bill Of exchange shall 10 bought which
is payable in the same slate or Territory In
which il IS drawn, nor say bill paysv- within
less than -- miles Of the place Of drawing
2 Bills drawn on places not more than fyo
hundred miles distant from. the place Of drawing
shall not be drawn for longer time than Thirty
days from date; and bills drawn on places more
than five hundred miles from the place Of draw
ing shall not DO drawn for longer time than
thirty days from sight.
8. In no instance shall more be demanded from
the seller Of such bill, by way Of interest 0. cx.
claUpp- than ,uto -,