Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-03-01
ADVERTISEMENTS coNGEEss--ad Session.
FINANCIAL RiiS.,

a " IL
accompanying Mr. Iatmtdss R'port
The Report having been read by Mr. Iaiimadge
Mr. BUCHANAN asked f,he Report was concufrec
in by all thu members o! the Committee.
Mr. WALKER meiaber ." the COMMITTEE, said
otthe report c"ncufrrd IN by HIM lie never
could agree any principle winch allowed The recep-
ton of The notes Of State Banks III payment OF public
dues lie had opposed the punc'pe IN lS;l, and III
1896 when submitted hy his friends, and could not sus-
tain il now when submitted by political opp"nens.
Mr. YOUNG (ano,her member OF III Commttec)
said he dld all the R"Pnr, and had no OPT
MON express a, ts moment IN regard 10 H. lie held
Mr. PRESTON then moved t.g printing Of The Re-
por, and 5000 extra copies. The III ton prevailed
4 BILL
Amendatory of the several acts establishing the
Treasury Department.
BE il enacted by he Scaat, 0nd House If Represtn
tatires Of The Gaed Satss IF .;mtrica m Congress
assembled That there shall b., and hereby IS created
and established in the Treasury Department, At the s. al
of the Government Of the United States Board to be
called The Excheouer Of the United States. 70 be Gem
posed of three commissioners 10 be appointed b. the
President with the advice and consent of the senate
and who shall he removed from Office only with the like
concurrence of the Senate, and for ni
the following causes, wit physical inability ncom-
oetpncy or g.eci. violation o! duty: and IN every
such case shall be The dniy Of TIM President 10 COM
munica,e 10 the Senate the particular reasons Of the
proposed removal but during the recess .. the Senate,
the President mag, for any q The aforesaid causes,
pend any Of the sad ssoUers, aad aPPo.it ,ei-
porary substitute, aud within ilc lifs week III The
sung session o The Senate he sha! 'av before ihat
BODY the reasons o. such suspension, and the Senate
concur with hun, the commissioners suspended shall
be restored And !i'a first orranzaon 81 !' board,
ono of the three commissioners shall - ;ne embers
thereof b. elected President, who shall hold iS office
for two wears, when election sHll De made and
in Ike mannrr Il new election shall TAX. place after
ward the end of each successive period OF two years
And the Secretary Of the Treasury shall have authority
10 apnoin: IN TIE ;ecominrn dai'on of the beard all
such inferior officers ~, III the judgment Of the board
the Transaction q. S business may require, the amount
of their respective copensaons, I'LL fixed by law, 10
be determined by the board, VIII" may take bonds for
the faithful discharge Of their doty i"r such sums ard
in such manner, The Secretary OF the Treasury shall
direct and each of sad commissioners shall receive
an annual salary nj - dollars
Sec g ind he It n,iher .RGcied Tha; the SAID Board
of Exchequer shG! have power 10 establish agencies or
Offices such Of the cities or towns OF the l 5 as II
nav Judge necessary and exped!ent tor the public
vice and also whenever Congress may Ivy aw require
the same be established limiting the number 10 rs few
~ the exigences of the Grrvice will admit, and in no
case exceeding two in any State Territory; and snch
officers and agents by The Board OF Escheqn"r be
thourh necessary for the management OF such agencies,
and the TRANSACTION ri their BUSINESS shall be appointed
BY the Secre of,he Treasury the recommendation
ofthe Board of ExcheGue and the SAID board shall have
mower fix the amount al the ctvc pensatnnS
If such officers till the shall be determined BY law,
and TO provide regulations for The government ot such
agencies the transaction of their BUSINESS and the rem
derinp OF all their proceedings And
regulations they shall and arrange the duties
or The officers said agencies that 81 these
officers shall BIZ cheek aud control upon the other,
and for that purpose they shall require that the accounts
and proceedings each shall he entered proper books
md any Of The officers OF the SAID agencies be
moved bv the Secretary the Treasury the
,nendaon OF said Board, Tor physical inability or ncon'-
,elencv or neglect violation o. duty; bu, shall be
his dny to state removal al any principal officer "f
any agency with hs therci"r, IN his genera!
aCi hat 1,tS1 r. u q
Sec ,. and he Hfurth'r taaced, That the said En-
cbeouer and officers shall he the general agents "i
the Government al the L. States for receiving, safe
keepnp and d,shufs!ng the public moneys, and trans
ferring and transmitting the under the direction
of The Secretary Of the Treasury; and all public mo-
news received from Whatever sources, shall, under the
same directions be pad into he 81 EAch Guer, or It's
agencies; and the principal officers employed IN such
agencies shall piye bonds 10 r United States for such
amour, and in such form the Secretary If the Trea
sury shall prescribe, for the faithful performance OF
their duties And the said Board Of Exchequer and
its several agencies shall pay all warrants, drafts,
ar orders, made thereon hy the Treasurer OF The
United States, and by all dishurslng officers aud
agents of the Government having authority to make
such drafts orders. And every such payment shall
be made al the option Of the person entitled 10 receive
H. in gold and silver or IN specie notes 10 be- 'ssu
ed in such form hereinafter prescribed But such
notes shall exceed The actual amount OF specie
holden for their redemption
Sec a find be IL further enacied, That the sald EX-
cheouer and It's officers shall perform the duties oiccn,-
mssioners of loans, receiving subscriptions trans
ferrng stock, and paying neres, and dividends there
on. under the directions OF the Secretary of the Trea
sury; and shall render the Treasurer Of the United
States all necessary facilities for transferring and dis
bursting The public funds shall BIZ required by him,
and shall perform all the duties of pension agents under
the regulations prescribed by the Secretary Of War,
and shall render and perform all other duties and ser
vices in relation 10 the Collecting keeping, and dis
bursting of the public funds as shnli he prescribed By
lsw mr. nv the Secretary Of the Treasury,
Sec s. find be IL further enacted, That it shall be
lawful for the EYchsquer al the seat OF Government,
and its several agencies, 10 receive on private dr"sie
gold or silver CON- or bullion ie property Of indivi-
dnals 10 be- held as other Of drrosite made by
individuals for convenience and security. and % Issue
spece notes for The same such form The a'c board
sha prescribe which notes shali always be redeemed
on presentation The agency where issued; ant Vie
amount so deposited shall exceed IN the whole
fieen millions Of dollars be distributed BY the board
among the several agencies according to the extent Of
their respectively ard for issuing such specie
notes NO higher premium shall be demanded than shall
be sufficient indemnify against the hazard Of loss
and remunerate for the safe keeping the tepose, ano
in no instance to exceed the one half OF one pr cent
But specie notes, Issued BY The board sns It's se'sTa