The Mississippi Creole. [volume] (Canton, Miss.) 1841-1851, 1842-01-15

| nv for the management oil such agencies.
and the transaction of their business,
shall be appointed by the Secretary of
tie Treasury, on the recommendation of
the Board of Exchequer; and the said
Board shall have power to fix the amount
of the respective compensations of such
officers, and to provide regulations for
the government Of such agencies, the
transaction of their business, and the
rendering accounts Of all their proceed
ings. And in such regulations they shall
so assign and arrange the duties Of the
officers of the said agencies, as.that one
those officers shall be check and con-
troll upon the other. and for that purpose
they shall require that the accounts and
proceedings oil each shall be entered in
proper books. And any Of the officers
of the said agencies may be removed by
the Secretary of the Treasury for ply
steal inability or incompetency, or ne
glect or violation of duty, but it shall be
his duty to state every removal of any
principal officer any agency, with his
reasons therefor, in his general annual
report ofthe transactions of the Exche.
quer.
Sec. 3. And be IL further enacted,
That the said Exchequer and lis officers
shall be the general agents Of the Go
vernment of the United States for recei-
wing, sale-keeping, and discussing the
public moneys, and transferring and
transmitting he same under the drec-
ton of the Secretary of The Treasury
and all public moneys received, from
whatever sources, shall, under the same
directions, be paid into the said Exche-
querer its agencies; and the principal
officers employed in such agencies shall
give bonds TO the United STATES Cor such
amonnt and in such form as the Secreta-
ry Of the Treasury shall prescribe, for
the faithful performance of their duties.
And the said Board Of Exchequer and lis
several agencies shall pay all warrants,
drafts, or orders made thereon bv the
Treasurer of the United States, and V
all disbursing 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 IL further enacted,
That the SAID Exchequer and its officers
shall perform the duties of Commission
ers of loans, in receiving subscriptions
transferring stock, and paying dividends
and intercs thereon, under the directions
OF the Secretary of the Treasury, and
SHALL render 10 the Treasurer OF the Uni
ted States all necessary facilities fol
transferring and disbursng the pub
lie funds as shall be required by him
anI shall perform all the duties Of pen
sion agents under the regulation
prescribed by the Secretary of War, anc
shall render and perform all other du
ties and services in relation to the collec
ting, sale-keeping, and disbursing of the
public funds as shall be prescribed BY
law or by the Secretary Of the Treasu
ry.
/ Sec. 5. And be 1t further enacted
i That it shall be lawful for the Exche
quer at the Seat Of Cove rnment, and it
several agencies, to receive on privat
deposit gold or silver coin or bullion, tn,
property of individuals, to be held as il
other cases of deposits made by indivi
i duals for convenience and security; an
to issue certificates Of the fact of sue
deposit having been made: which cert
fcates shall always be redeemed on pre-
sentation at the agency where issued
But the amount SO deposited shall neve
exceed in the whole, fifteen millions c
dollars, to be distributed by the Boar
among the several agencies according
the extent of their business respectively
and for issuing such certificates no higf
, er premium shall be demanded tina
shall be sufficient 10 indemnify again.
the hazard Of loss and remunera fo
the safe-keeping the deposit, and in n
instance to exceed the one-half of on
3 per cent. But paper issued by the Boar
7 and its several agencies, whether in tn
form Of bills or of certificates of deposi
G shall be redeemabIe only at the pIac
$ where issued, unless the Board shall sc
y cause to order otherwise.
G Sec. g. And be II further. enacte'
That it STALL be the duty Of the sa
e Board of Exchequer, within three month
y after its first organization, TO establis
o such bylaws and rules of proceeding ;
2 it may Judge expedient and proper f
u the regulation of its concerns, and Il
d government Of its agencies; and copit
q Of all existing bylaws and regulation
II shall be laid before Congress every ye;
y at its annual session.
e Sec. 7. And be il further cnacte
I; That the Secretary Of the Treasury
u hereby authorized and directed to eau
i TO be prepared Treasury notes Of demon
nations not less than five dollars nor e
., ceeding one thousand dollars, viii
j notes. shall be signed by the Treasur