The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1842-01-13

stock Of the United States, in the usual form
bearing interest AZ a rate not esreedinr Eve -,
centam per annum, 10 an amount not exceaai,,
five millions Of dollars. the interest OF which I'M.
be payable sem annually. and the principal shali
be rcdeemable at tho pleasure ofthc t'oyornnen,
after the expiration Of twenty years from lie i
sue theraof Aud il shall be Lawful for Tie saiI
Exchequer Board 70 sell md transfer lie s,d
stock for gold or silver coin, or bullion. And !,
shall be the duty OF tho Exchcqner Board 10 nro
vide for the punciual payment " the interest Ia
the said stock as Il shall bccom;, duu and .or M,
reimbursement Of tho principal from The profits
aud other means and resources Of tie Board and
its agencies but the faith of the Goyerumeat'
nevertheless, shall be pledged for The payment Of
the interest and the principal Of such stock.
SEC. IL. And be "a further enacted. That fla
Board Of Excbequer aud It's several agcncie,
shall keep separate and distinct sets Of books. for
the purpose Of entering and recording, in one sci,
all transactions respecting tie collection, keen.
ing, and discussing Of tho puhlic revenue, and
transmitting the public monies from place Ia
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 &c.
cruing from dealing in exchange on individual
account and FROM private 1eposites shall DO 40.
Piled in the FIRST place TO pay Nil salaries and
componsaIions, and TO defray all expenses incur.
red under the authority Of this act, and the resi-
aae thereof shall BIO placed semi-snnnally 10 tho
credit Of the Treasurer Of the United States,
Prorided, nersrthe!sss, That the said Board my
defer all such credits 10 the Treasurer, until the
amount Of profits aforesaid beyond expenses shall
exceed two millions of dollars. and may retain
contingencies ehargeahlc on the Ezehequer ane
is agencies.
See. Is. And be Il further saGcted, That fh
shall at any time become necessary 10 bring sat
on any bill OF exchange or other debt or liability
arising out OF any transaction under the proyis.
ions Of this act, such suit may be brought in tie
name Of the United States IL any Circuit Conr
Of the uaitsd States, or any State Court having
eonPctsnt Jurisdiction.
Size. l6. And be IL JrYfaer enacted. That tie
necessary rooms and vaults for tho safe keeping
Of the public monies and for Tho transaction Of ihs
business Of tho Board OF Excheqner and ia agea.
cics shall BE- provided by the Treasury Depart.
msnt at the city Of Wasi iagion, and in the cos.
toui-houses, minis. branch mints and othrs pnh.
lie buildings belonging 10 the uHiied States, %
tar as The same can bs furnished without detri.
mcnt to the public service; and where the sama
eanRsi be 80 furnished, tho said Board may pro.
vide othces.
SEC. ~. And Ge IL further enacted. That Il
shall bs lawful for ths said Board sf Exchequsr
10 appoini ss egcni for tho Board any specie pay.
ing bank in aay State IN cases where il may %.
DO deemed cxpcdicni to establish an oihso OF
agency Of tho said Board, es bessinbeiorc proyid-
cd Lnt such bank shall not DO authorized 10 any
event TO receive dsposltcs or 10 purchase Of stll
bills or erafls On account Of tho Board of TX che.
quer.
SEC, ls, iild Be Il further eHseisd, That fall
snd exac, accounts OF the proceedings Of tic
Board and it, several agencies shall BE- furnished
10 tho Secretary OF tho Treasury as oflon as l.
may ptl scfibc and IL shall 10 the duty Of ths s1l4
Secretary 70 lay abstracts Of the same befess
Congress al the commencement Of each aassil
session. and to furnish fall and particular &c.
counts and statements Of the transactions OF lie
Board and It's agencies whom required BY Cos
gress and the amour; ef Trsasnry noiss eu,.
standing at tho end OF oycry quarter shall. 50
aoou thereafter AZ tho same day be aseertaaea,
10 published By the Secretary ofth Treasury.
See. ~. And BE- Il fsFsLsr enacted. That L
auy member OF the Exchequsr Board, o. any Of
6cer or clerk employed in its husincss or auy d
is agencies shall convert to bis own use. in any
say any money or security deposited with oF
1 bplvNEsHk W lfe HSs1 !t91SA ~ aAF o. us AktNs
eics, or belonging 20 tho United States. or any
other person or persons dealing or depcaitiag
lib tho said Board or any ageusy. he shall Is
soehsvd guilty Of felony. and, on consieten
thereof before any corn OF the Ea.sas States Of
coraPeisn, iurisdctien. shalt No sentenced 10 In.
pilsonncnt for term not less than nor
moFo than ----- years, and u tine equal 10
twice tho sum or value OF the property enliszEl,a
Sec 20. Ind " II further saaefsd. That Il
any officer or member OF the Board OF Ezehe
quer, OF anyof IL agencies established under tie
provisions Of Tbs act, shall give 81 siga falb
scetiaficate Of dcpOsfe having been made wiki
any agency, or shal! issue or deliver any eraa o.
bill Of exchange without hsvi1g received the fu
auoant thereof and caused the receipt Of tbs
same 10 DO duly entered 10 the books Of the sid
agency. or shall DO guilty Of any other mslprae.
tiee BY which any responsibility Of tho said
agency, OF Of tho Board Of Exehequar. or az tho
United States, shall 30 improperly crested o. IA.
creased, be shall BIO drsred griliy az misda.
moanor, and, on conviction thereof in any souIt
Of The United Stales Of eonps,sui jurisdiction.
shall bo'Aenteneed to imprisonment for a tern
not less than one yoaf nor more than seycn
years, fac equal 10 tho afnonns 81 the talve cry
iiiieate 30 gwen OF Of the bill OK dram so is.ue
or delivered, Or TO tho amount of the reasonable.
lily 20 created or increased.