Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1842-03-10
vol IX..-.vO. 81.

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the fair cost Of RENTING specie to the place Of payment
and In exceeding per cenium the amount
Of such bin or acceptance.
Sec. 9. .2,d be Il further enactcd That it shall DO
lawful io tic said Board Of Excheuc, and each OF lis
agencies under regulations be prescribed by tho Boarl
to receive and take charges Of for collection such drafts
or bills OF exchange az may be deposited with them for
that purpose drawn ON any place where Office of the
EAchequcr may be established hut in case shall any
advance payment be made OF such draft or
bill until shall have bcenacually collected and advice
received OF such collection, whereupon the proceeds shall
be paid over 10 the person entitled receive them al tic
oee where the sand draft bill originally deposited
Tor transmission aud collection. dcducing thoeirom such
reasonable charges and commission as may have beena-
greed upon which shall in no case exceed - per cen
tum on tho amount collected.
Sec 10. .hdbc tfipthp enacted That it shall bo
the duty OF the said Beard 81 EXehegucr. within three
months after lis first ognnzaiion establish such by
laws aud rules Of proceeding II ay Judge cApodicnt
and proper for the regulation If It's and the 90
vcnment of Tia agencies and copies oi all existing by
laws and regulations shall be laid before Congress every
year, nj its annual session.
Soc. l. Ind be IL further enacted. That the Secrcta-
~ of the Treasury is authorized from time on the
application OF the Board Of Eychcqer. furnish for lis
own use. aud that OF lis several agencies. suitable n
mount OF specie notes. To be IN the transaction of it's
business but the amount Of such notes issued either in
payment 10 the public credur or on the depostes Of in
dvdnals shall never exceed the actual amount Of spc
Gle On baud ar their redemption. And all dues 10 the
United States. any officer department thereof, au-
horacd to receive public dues nay lie paid in gold VI
silver CON- in specie NOTES issued under this act or the
notes Of banks which shall be Immediately convertible
INTO specie al the place where rccc.ved
See. - Ind be Il fiuilp caaeted, That the Board Of
Nchoqucr At the seal of Government, and each If lis a.
gouc's, shall sc'tlc weekly, or uicnor, with all banhsn
then ncghhorhood whrsc paper they may have received,
and pny collect. the may be- all balances 10
tween II aud said banks; aud no individual shall he al
lowed nj any time, 10 stand deht,r the Fxcoqu,r
or any ol It's agencies III account. And il shall o tho
duty Of the sad Board Of EScheqner. and each If lis
several agencies, al all times 10 Limit lis issues tat its
gold and silver hand shall be equal. dollar for dollar.
to the amount of such issues outstanding
See ~. lind be IL further enacted, That the Board
OF FNcuer and lls several agencies shall deep separate
and distinct SETS of books. ior the purpose Of entering
aud recording, III one set all transactions respecting tho
collection keeping, aud discussing Of the nbic revenue.
aud transmitting the public money from place place,
for the service of Government and IN another, all trans
actions and accounts arising rm the operations in ex-
change hcre.nboorc AUTHORISED, and other transactions
not on Government account And all profits aocrning
from such operations IN exchange on individual account.
and from private dcpos,'s. shall hc applied, in ts first
place. to pay NIL salaries and compenNous, and do
fray all expenses incurred under the authority q this
act, and the residue thereof sla re placed semi an
nually 10 hoc.dit # tie Treasurer o the n;tcd Stat g.
Sec. ii Ind be further cRHcicd. That the nteessa-
~ rooms aud vaults Tor the saio keeping e the public
moneys. and for tibet transaction Of the business # the
Of the Board Of Fchecr aud It's agencies shall ta rr
asnngon. and III the custom house. MINT hTanch-
minls and other public buildings belonging the ut,d
States, far as the can lie furnished without de-
trlnen 10 the public service; aud where the
not be furnished, the said board provide others
Soc. 10, lind he further enacted, That it shall be
lawful for the said Beard Of ENchcqucr to appoint as a
gent for the board any specie paying bank in any States
IN cases where II may not be deemed eXpediont csat
sh Office agency OF the said oard hcroinbcoro
provided but such anl shall moi lie authorized in any
event 10 receive deposs, to accept sell bills VI
drafts on account Of The Eoam Of E.NeIoquer.
Sec, 10 ind be II further enacted That fall and cx-
act accounts Of the Cdngs the board and lis say
eal agencies shall he furnished 10 the Secretary Of the
Treasury as often as he may prescribe aud shall be the
duty o the said Secretary 10 lay abstracts Of The 10.
fore Congress AT the commencement Of each annual
SON. and to furnish full and particular accounts aud
statements Of the transactions Of the board and It's aoen-
cics when required by Congress- aud the amount of spc
cc notes outstanding AT the end Of every quarter shall
~ soon hereafter as the same may bcascerlancd be pub
lislcd by the Secretary of the Treasury.
See. IL. Ind be nfioHcr enacted, That ifany mem
Der Of the Exchoquer Board any officer u clerk cn,-
poyed in It's business any Of lis agencies shah
vert 10 his use, any way, any money security
deposited with or belonging 10 tho SAID board any OF
its agencies belonging TO the ncd States or any
other person or pefsons dealing dep sitting with tic
said board any agency he shall be deemed guilty of
felony and conviction thrreoheire any court oil the
United States of competent jurisdiction, shall he
fenced To imprisonment for term OF not less than nor
or value Of the property cmbeZzled
Sec. IL lind be IL further enacted. That if any Of
iccr member Of the Beard of Exchcquer or any Of
its agencies established under the provisions Of this act
shall issue any specie note, make except or deliver
any draft or bill Of exchange without having received
the full value thereof in specie, and caused the receipt
Of the to be duly entered in the books Of the said
agency shall be guilty of any other malpractice by
which any responsibility of the said agency, or of tho
Board of Eychequcr, of the United States sall lie
improperly created or increased he shall be deemed
guilty Of felony, and conviction thereof in any court
Of the United States fcompcten Jurisdiction, shall To
sentenced to imprisonment for term net less Iian enc
year, more than seven years, aud to fine equal
the amount OF the specie note issued, of the bill
draft made, accepted, delivered, to the
of the responsibility SO created or increased.
Sec. 10 ind he further enacted That the Secrcta
ry OF the Treasury shall have power his discretion.
by himself or by an agent daily appointed by him, to
examine the officers and clerks of the Fxchequer aud
its agencies, oath affirmation, hing all matters
relating TO the EXchcqucr its agencies, either Of
them; which said oath the Secretary said agent, liz
hereby authorized TO administer. And any person
examined shall wiliuy make any false statement, or
wullv refuse to disclose declare the whole truth.
such person shall be deemed guilty Of wili and corrupt
perjury, and shall suffer the pains and penalties thereof,
conviction before any court competent TO try the
AID the said Excheuer and agencies shall, all times
be open to examination by any committee appointed BY
Congress. either House thereof
Sec. 20. find be IL further enacted. That all aud
parts of acts inconsistent with the provisions of this
be and the same are hereby repealed.