Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1842-01-03

srs. Aud be further enacted Thut il shall be Ce duo
G ,g so nTaia o. LSo9l9' within three months after lie
oang o. may Judge cxpedon and proper for thc regulation
re concerns ana tho government, Of is agoncos ana copies
Oh an existing bylaws and regulations shall be heo Con-
s'e s every year year at i's annual session.
Treasury IS hereby authorized and directed 10 eause To- he pr
pateu ly aa OF denominations not less than Eve dollars
by the Treasurer Of The United states and % Isso
principal agent .r "u naue PuyaVe 10 me
ana shall bc ,odoereaey, and which shall be
OF the Agency where issued ond TteeS no,os
issued by the Board Of ENehequer tho s ueu 10 os
shall be like form and shall be PAYABLE ia OF 1overnmen
Comms soners, and shall be endorsed BY somo on" or h
when issued and shall be rcdeemobc and reod a, e H
Board, demond in gold and silver exact sd e,Scs
Lists of all notes so signed shall be Kept at the TroasGt and
all Treasury notes issued under the authority of his ACT
when iedeomed be ressucd by the Board aud agencies res
poctivey.
SEC. i. Andbe further cnaced That the amount of Tren
uy notes issued and outstanding shall not at any time
ordered or oyded by law and the Secretary the Treasury
is authorized from time to time, the application of the Bonrd
Of Exchcqucf, to furnish for that several
agencies suitable amount of such notes. be used
sacon OF business all dues the United staos officer
or department thereof may be paid in gold silver coin
Treasury notes issued under this act, banks
which shall be Immediately convertible specie the place
SEC: o. And be further enacted, That the Board Of Ex
o. the Seat of Government and each of its agencies
snail settle weekly onone with all banks ebor-
the may bc, ali balances between il and XII ni
no ndvidu sha be nowod any time stand debtor
the duty OF the said Board of ESeequer and each of ia sever
al agencies at all times TO limit issues that liz god and
| outstanding. " ~ "
SIC. 10. And be further enacted That the .oid ponrd Of
Exchoquar may draw bills drafts uny of agencies and
mny aqhozo any agency to draw bills drafts the or
a 2ter agency ana muy sell or authorize its agencies to sell
sue bills or drafts for premium exceeding the fair Of
renting specie to the place Of payment and
coed two per contum on the amount Of such bill draft
sEe H. And be it further enacted, That shall lawful for
said Board Of Exchoquc and each of agencies to purchase
domestic bills of exchange subject to tho following rules
l. No bill of exchange shall be bought which payable in tho
same state or Territory in which it b drawn bill paya
bic within less than - miles Of the place of drawing.
Bills drawn places than five hundred miles dis
tan from the place OF drawing shall he drawn for longer
than five hundred miles from the place of drawing shall
drawn for longer time than thirty dnys from sight
g. In no instance shall more be demanded from the seller of
such BILL by Of interest exchange than interest
bill has run and rate of exchange exceeding the
OF renting specie and IN no case to exceed two cent And
thereof or in Which such member or ocs bn in any wnv be-
nicestod receive any deposc of any money belonging
to any such member officer And bill shall be purchased
the officers Of such ogency by tho Board of Exchequer
without the assent of two of its msrbeIs.
SEC. H. And be further enacted, That agency establish
ed in any state under the provisions of this act SHALL contrary
poses han those OF the United states make or sell drafts,
purchase bills other than such shall be necessary in tho
sEc 49, And be it further enacted, That if amy time
shall be found necessary to ery on the operations of the Ex
cue Boad und its agencies hereby created the Secretary of
the ETe~ae Bond ee6eSps Of toE of The up United soes
the usual FORM bearing interest Ine not exceeding five
per per exceeding five millions,
principal shall bo redcema5o at tc PaSsue Of the o1ernment
expiration of thereof. And
shall be lawful for the said Exchucr road sell and trans
fer the said stock for gold silver coin, bullion. And shall
be the duty of the ENchcquer Board provide for the puncua
payment Of the interest the said stock shall due
and for the reimbursement Of the principal from the profits and
the faith of the Government nevertheless, shall be pledged for
SCI a. And be- it further enacted TSa, the Board Of Exhe
and several agencies shall keep separate and distinct
books purpose entering recording SET
all Transactions respecting the coccton keeping and discussing
Of the public revenue and transmitting the public moneys from
place to place for the service of Government and anothe all
ana account, 9.ns om dealings IN SHeng 6ra era
accuing from dealing in exchange individual account and
Gom private d-poos, shall be applied the first place
under the authority of this act and the residue thereof shall DO
Ats aforesaid beyond expenses millions
lars ana may retain said amount of millions fund 10
meet all contingencies chagoabe the Exchequer and its
SEC Is. And be it further enacted, That if it shall any
o become necessary to bring suit on any bill of exchange or
other teb or liability arising out of transactions under the
Of tbs ae such suit be brought in the name Of
| any state Court having competent jurisdiction.
sec l6 And be it further enacted That necessary
transaction Of the business of the Board of ExchceueT and
Us shall be provided BY the Treasury department at the
mia and other public buildings belonging United states
so far as the same can be furnished without detrment to the
public services and where the cannot be furnished the
said Board may provide others.
SIZE IL And be further enacted That it shall be lawful for
the sad oad OF to appoint as agent for the Board
not be deemed eXpeden establish office agency
said Board heicnbeoc provided butsuch bank shall
sell bills drafts of the Board of Exchequer
SEC. lS. And be 1t further enacted That full
counts of the proceedings of the Board and
shall be furnished to the Secretary of the Treasury
he prescribe and shall be thu duty of
to lay abstracts of the before Congress the
men of each annual session. furnish full particular
accounts and statements of the transactions the Board
agencies when required by Congress and of Treas
ury notes outstanding at the end Of SHALL
thereafter the be ascenained, be published by tho
Secretary of the Treasury.
sEc 10. And be ii further enacted That if any member Of
the ENchequer Board officer clerk employed in Its bu
way any money security deposted with belonging
the said Board of its agencies belonging the United
States other dealing dcposng with
the said Board agency he shall be deemed guilty of eo
and conviction thereof before the United
States of competent jurisdiction shall De sentenced mprson
ment for tenn not less than than years,
and TO fine equal twice the the value of the property
| emjezZled
SEC 90 And be it further enacted, That if any officer
tablshed provisions OF this shall give sign
shall issue deliver DRAFT bill of exchange with
having received the full thereof caused the
copt of the be fully entered in the books of the said
gency shall be guilty other NAL by which
responsibility of the said agency Of the Board of Exchequor
of the United States, shall be improperly
cd he shall be deemed guilty of isdemeanOr and convc
on thereof court of the United States of competent u
rsdcton shall be sentenced imprisonment for
less than than years. and fine equal
to the of the usc certificate given, of the bill
draft issued delivered the the responsible
| ity so created or increased