Jeffersonian Republican. [volume] (Stroudsburg, Pa.) 1840-1853, 1842-01-05
The New Fiscal Agent.
A BILL,
Amendatory of the several Acts establishing the
Treasury Department.

|
| Sec / Be it enacted by the Senate and
House of Representatives of the United States
of America in Congress assembled, That there
shall be. and hereby is created and established
in the Treasury Department, at the seat oil 90
vernment of the United States, Board, 70 be
called The Exchequer of the United States, TO
be composed of the Secretary of the Treasury
| for the time being, and three Commissioners,
TO be appointed by the President with the ad-
vice and consent of the Senate; one of the said
Commissioners first appointed TO be appointed
for two years, one for four years, and one tor
six years, and vacancies subsequently occur
ring 10 be so filled as that one vacancy shall
regularly occur at the end of every period of
two years, the said Commissioners not TO be
removed from Office, except for physical ina
biliy, incOmpetency, or neglect or violation OF
duty; and in case of any such removal, 1t shall
be the duty of the President to lay the reason
thereof before The Senate. And on the first or
ganization of the Board, one of the three Com
missioners shall, by the members thereof, be
elected President, who shall hold his office for
two years, when a new election shall be made;
and in like manner a new election shall take
place at the end of each successive period of
two years. And the Secretary of the Treasu-
ry shall have authority TO appoint all such inle-
rior officers as in the judgment Of the Board the
transaction of its business may require, the
amount Of their respective compensation 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 COM
! missioners shall receive an annual salary OF
- dollars
Sec. 2. And be it further enacted, That the
said Board of Exchequer shall have power TO
establish agencies or offices in such of the ci-
/ ties 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 re-
ouire the same to be established and such Off
GERS and agents as may by the Board of En-
chequer be thought necessary for the manage
: ment of such agencies, and the transaction OF
, their business, shall be appointed by the Sec
, retary of the Treasury on the recommendation
of the Board of E3chequer; and the said Board
} shall have power to fix the amount of the re-
speclive compensation of such officers, and 10
provide regulations for the government of such
agencies, the transaction of their business and
the rendering accounts Of all their proceedings.
And III such regulations they shall so assign
and arrange the duties of the officers of the said
I agencies, 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 Secteta-
ry of the Treasury for physical inability or in
= iNl IF 1nt,y h,1i
(, it shall be his duty to state every removal of
any principal officer of any agency, with his
} reasons therefor, in his general annual report
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 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 mo-
? neys received, from whatever sources, shall,
under the same directions, be paid into the said
7 Exchequer or agencies; and the principal Off
! GERS employed in such agencies shall give bonds
l to the United States for such amount and in
: such form as the Secretary of the Treasury
: shall prescribe for the faithful performance oil
their duties And the said Board of Exchequer
and its several agencies shall pay all warrants,
drafts, or orders made thereon by the Treasur-
er of the United States, and by all disbursng
officers and agents of the Government having
authority 10 make such drafts or orders And
, every such payment shall be made at the op.
tion of the person entitled to receive it, in gold
and silver coin or in Treasury notes.
Y Sec. 4. And be it further enacted, That the
said Exchequer and its officers shall perform
the duties Of Commissioners of Loans, in re-
ceiving subscriptions, transferring stock, and
paying dividends and interest thereon, under
the directions of the Secretary of the Treasury,
i and shall render TO the Treasurer of the United
States all necessary facilities for transferring
and disbursng the public funds as shall be re-
quired by him, and shall perform all The du-
lies of pension agents under the regulations
prescribed by the Secretary of War, and shall
r render and perform all olher. duties and servi-
ces in relation 10 the collecting, keeping. and
, disbursng of the public funds as shall be pre-
, scribed by law or by the Secretary of the Treas