The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-02-18

And bill shall be purchased or draft sold at any
agency without the assent of two of its members
SEC. H. ind be IL further enacted, That all pay
ments made by the said Board Of Exchequer and any
OF It's agencies officers any dsbursing officer OF
the United States, shall be made in gold ivercoin,
or, with consent of the public creditor, in Treasu-
~ notes certificates Of deposite, TO public credi
tors as herein before provided and in other medi-
um OF payment whatever And all dues TO the Uni
ted States, orany officer department thereof, may
be paid in gold or silver coin, in certificates of depo-
pose issued under this act, iii Treasury notes or in
the notes of banks which shall be Immediately con
verble INTO specie at the place where received
And the Board OF EXchequeT, at the seat Of Govern
ment, and each of its agencies, shall settle weekly or
oftener with all banks in their neghborhood whose
paper they may have received, and pay or collect as
| the case may be- all balances between it and said
banks and no individual shall be allowed at any
time debter to the Exchequer, or any OF its agen-
cies, in account
SIC. 10 lind be il further enacted That no agency
established in any State under the provisions OF this
act SHALL contrary to any law which such State may
enact receive any other deposte than those OF the
United States, or make sell drafts, or purchase
bills other than such shall be necessary in the col
lection, transfer and disbursement of the public
| funds.
SEC. 10. And be IL fither enacted That the said
board shall have power provide regulations for the
government of the agencies aforesaid, the transaction
Of their business, and the rendering accounts OF all
their proceedings and in such regulations they shall
| assign and arrange the duties of the superln'en-
dents, registers, and clerks herein provided as that
the said superntcndens and registers shall be checks
upon each other and for that purpose, they shall re-
quire that the and proceedings Of each shall
be entered by them by their respective clerks aiore
said in separate and proper books and the said board
shall require OF all the principal officers employed in
such agencies, bonds TO the United States for such
an amount and in such FORM as the Secretary of the
Treasury shall prescribe for the faithful performance
of their duties to be renewed annually oftener if
. haS nG tha suru aha uira nd
full and accounts Of the proceedings of the board
and its several agencies shall be furnished TO the Sc
cretafy Of the Treasury often he may prescribe
and it shall be the duty the said Secretary lay alb
Of the same before Congress at the commence
ment of each annual session, with account Of all
. regulations made for the government of said agencies
and to furnish full and particular accounts and state
ments of the transactions OF the board and It's agen
cies, when required by Congress.
+ SEC IA. 4nd be tute, enacted That the Board Of
Exchequer, and its several agencies, shall keep sepa-
rate and distinct sets of books, for the purpose of
tering and recording in set all transactions re-
specting the collection, keeping, and discussing of the
public revenue, and transmitting the public vs.
from place to place, for the service of Government
and in another, all transactions and accounts arising
from dealings IN exchange and other transactions not
on Government account. And all profits accrung
from dealing in exchange on individual account shall
be applied in the first place, to pay all salaries and
compensations and to defray all expenses incurred
under the authority Of this act and the residue there
of shall be placed semannually to the credit Of the
Treasurer Of the United States
SEC Is. .ird be il further enacted, That if il shall,
at any time become necessary to bring suit on any
bill Of exchange, other debt liability arising.
out Of any transactions under the provisions Of
this act, such suit may be brought IN the of the
4 United States, in any circuit court Of the United
States, any State court having competent juris-
diction.
I SCI. l6. And be IL further enacted That the ne
cessary and vaults for the safe. keeping of the
public moneys and for the transaction Of the business
of the Board Of Exchequer and It's agencies shall be
provided by the Treasury Department at the city Of
| Washington, and in the custom-houses, mint branch
minis, and other public buildings belonging TO the
I Vi ited States far as the can be furnished
without Jetriment TO the public service; and, where
the same canne be so furnished the said board may
provide others
SEC II. And be il ftrther endtted That the gross
amount Of the public moneys Of the United States, by
whomsoever it may be received or kept and wherever
it may be placed nsierred shall he deemed and
considered in the Treasury ofhe United States to the
credit of the Treasurer of the United States and no
part ofthe same shall heretofore, be taken pay
any expenses whatever in collecting receiving the
before it is brought into the Treasury; but the
sa gross shall be accounted for and all the
said expenses of collie ting and receiving the same
shall be appropriately law out ofthe Treasury in
other cases OF appropriation: Procided That nothing
herein contained shall be construed to prevent the
transfer of public moneys from place office
Offices to another; to repeal or modify any of the
provisions Of law reatiyeto the Post Office Depart
ment.
r SEC. Is Ind be ii tuiher enacted That if any mem
Der of the EXchequer Board, any officer or clerk
employed in its business any Of its agencies, or
any collecting, receiving dsbursing officer or agent
of the United States whatever, in any manner con-
ccrncd in the collection, sae-kccping, transfer or
4 disbursement of the public moneys Of the United
States, shall convert TO his use in any way or
: shall use by way of investment in any kind of prop
ery or merchandise, or shall oan with or without
interest, any money or security deposited with or be-
, longing to the said board any Of its agencies OF
belonging to any other person persons dealing OF
deposng with the said board or any agency or shall
so convert his own use, appropriate or loan any
money or security belonging to the United States OF
shall make any discount exchange of funds other
{ than an exchange for gold and silver, shall
make payments on account OF the public service in
any currency other than that furnished him and legal
lied by this act every such transaction OF such
person is hereby declared to be felony, and con-
vicon thereof before any court of the United States,
of COMPETENT Jurisdictions every such officer agent
Of the United States, and all persons participating in
such acts, shall be sentenced TO Imprisonment for q
term not less than one year, more than seven
years, and to Il fine equal to twice the amount or
value OF the property so embezzled
SEC, l9 And be IL further enacted That if any
officer or member Of the Board of Exchequer or OF
any of its agencies established under the provisions
this act; of the mint, any Of its branches sha l
give sign false certificate Of q dePosite having
been made with any agency mint, or branch mint, or
shall issue or deliver any certificate draft bill of
exchange without having received the full value
thereof, and caused the receipt of the to be duly
entered in the books of said agency mint or branch
mint, shall be guilty Of any other wilful malprac-
tice by which any responsibility Ct the said agency,
Of the Board of Exchequer or OF the United States
{ shall be improperly created or increased he shall be
/, deemed guilty of felony and, conviction thereof
in any court of the United States, ofcompe,cnt urs
dction shall be sentenced to Imprisonment for term
not less than one year nor more than seven years,
and to fine equal to the amount of the false certih-
cafe so lyen or Of the hill or dIa so ssuel or dely-