The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1842-02-19

| C0fctu0Sa on me second page
A BILL
| Amendatory Of the several acts establishing
the Treasury Department.
| Sec. l. Belt 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 Depart
men at the seat Of Government of the United States
a board to be called the Exchequer the United
States to be composed of the Secretary Of the Trea
sury, for the time being, and the Treasurer of the
| United States for the time being, and one Commits
soner TO be appointed by the President of the
States with the advice and consent of the Senate
The said Commissioner to be appointed fol- four years.
and neither he the Treasurer of the United States
shall be removed from Office, except for physical disa-
bhty, incompetency, or neglect violation of duty
and In case of any such removal it shall be the duty
OF the President to lay the thereof before the
Senate; and the said Commissioner shall receive an
annual salary of three thousand dollars and the Sc
cretary Of the Treasury shall preside the board
| Sec 3 And be IL further enacted, That said board
may establish agencies offices in the United States
not exceeding ten in the WHOLE and of said agen-
cies or offices shall be established at the city of Boston,
in the State of Massachusetts, at the city of New
York, in the State of New York one at the city of
Philadelphia, in the State of Pennsylvania; one at
the city of Charleston in the State Of South Carolina;
and at the city of New Orleans, in the State OF
| Louisiana and one or more, of all the other five
agencies offices, if necessary for the public service
may be established, from time to time at such other
place or places said board may deem expedent and
1t may change the location thereof at intervals of
twelve months the public service may require for
the transfer or safekeepng and disbursement OF the
| public money.
SEC. 3. find be it further enacted That for the said
board there shall be principal clerkwh salary of
dollars per annum: And a register with
| salary OF dollars per annum and for each
agency Office of said board to be established as
aforesaid there shall be one superintendent with
salary of dollars per annum and register
| with salary OF dollars per amman and if
the business of such agency or office require it, a
clerk for each superintendent with salary of
dollars per annum: and clerk for each register
with salary OF dollars per annum and the
said superintendent and register shall be appointed
by the President of the United States by and with the
advice and consent of the Senate and the Secretary
OF the Treasury shall have power appoint the said
clerks and the said superintendent and registers
shall be appointed for four years, and may be re-
moved by the President of the United States for ply
steal disability or incompetency, neglect viola
ton of duty but in all cases of removal the
therefor shall be laid before the Senate of the United
| States. And the Secretary of the Treasury shall
have power, in it shall be found necessary at
any of the agencies, to appoint temporary clerks not
exceeding ten in the whole for the transaction of the
business Of said board and its agencies subject to the
supervision OF Congress, with salaries at rate not
exceeding dollars per annum.
Sec 4. find be it further enacted, That the Exche-
quer and its officers shall be the general agents of the
Government of the United States for receiving safe
keeping, and disbursng the public moneys and trans
ferrng and transmitting the under the direction
of the Secretary of the Treasury; and all public mo-
neys received from whatever sources shall under the
same direction be paid into the said Exchequer its
agencies to the order Of the Treasurer of the Uni
ted States. And the said Board of Exchcquer and
its several agencies shall pay all warrants drafts or
orders made thereon by the Treasurer Of the United
States, and by all disbursng officers and agents of the
| Government having authority to make such drafts or
orders And the said Exchequer and its officers shall
perform the duties of Commissioners of loans in re-
celvng subscriptions transferring stock, and paying
dividends and interest thereon under the directions
of the Secretary of the Treasury and shall render
to the Treasurer of the United States all necessary
facilities for transferring and disbursng the public
funds shall be 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 services in relation
to the collecting keeping and dsbursing OF the pub
lie funds, shall be prescribed by law by the Sc
cretary of the Treasury.
/ SEC 5. And be it further enacted, That it shall be
for the Exchequer at the scat of Government,
and It's several agencies to receive private depose
gold silver coin bullion, the property of indi-
vduas, 10 be held in ot er of depose made
by individuals for convenience and security and to
issue certificates of such deposile having been made
but the amount deposited shall never exceed in the
whole ten millions of dollars, unless otherwise provi-
ded by law, to be received deposite may be APP
poroned by the board among its several agencies
cording to the extent of their business respectively
SEC. e. And be 1t further enacted, That the said
board and its agencies, officers hereby author
Ized and directed in all cases where the public
dors may prefer the same to issue to them certif-
Gates OF deposite for the amount OF amounts, ofdebs
due them by the United Stses: but the amount of
said certificates to be issued to said public creditors,
shall not exceed the amount of millions of dol
lars issued and outstanding at any time unless other
wise provided by law And it shall be the duty of the
said Board OF Exchequer and each ofts several agen
cies, at all times to limit The amount of certificates
so issued thatits gold and silver hand shall be
equal to the amount thereof outstanding.
/ Sec. 7. And be it further enacted That the proper
oficercf the mint at Philadelphia and of the branch
minis at New Orleans, in the State of Louisiana,
Dahlonega, in the State of Georgia, and Charlotte,
in the State of North Carolina respectively, instead
of the receipts now by them given, shall have power
to issue like certificates of deposte to individuals to
the Government for the amount of all depostes OF
bullion or foreign coin of gold and silver made in said
mint or its branches, for the purpose of coinage, un
der such regulations and checks for the security
thereof the Secretary Of the Treasury shall pre-
scribe
Sec 8. And be it further enacted, That all the said
certificates of depositc shall be redeemabe presen-
! tation at the Office agency mint, branch mint,
when issued they shall he receivable everywhere in
payment of the public dues. No premium shall be
demanded for issuing the same, and they shall be is
sued in such denominations, not less than five nor
more than hundred dollars, as the depositor or
public creditor may DESIRE And the Secretary of
the Treasury shall cause to be prepared and signed
certificates aforesaid such form as he shall pre-
scribe, to be signed by the Treasurer of the United
States, and countesigned by the Commissioner of Ex-
chequer. And the amount Of all such certificates of
deposlte, public or private outstanding at the end of
every quarter, shall, thereafter the same
may be ascertaned be published by the Secretary of
the Treasury.
Sec. g. Andbe further eaclcd That the said Board of