Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1842-01-18

Amcndatory Of the several DICT caab-
fishing The Treasury Department.
g. ~ ~ q

AmcadQtory of The several Act cstab-
fishing The Treasury Department.
SEC. 1. BE Il enacted BY Senate and
House Of Representatives. otthe United
States Of Amcrica IN Congress assem-
6led, That there shall be, and hereby is
created and established in the Treasu-
ny Department at the seat of the Gov
eminent Of the United States. Board
to be called the Exchequer Of The
United States, 10 be composed of the
Secretary ofthe Treasury for the lime
being. and three Commissioners, to be
appointed by the President with the
advise and consent oflhe Senate; one
of the said Commissioners first APP.
point I'd to DE appointed for two years,
one for four years, and one for six
years, and vacancies subsequently oc-
curing To be so filled as that one vacan-
cy shall regularly occur at the end of
every period of two years; the said
Commissioners not 10 be removed
from office, except forphisical inability
incompetency, neglect or violation of
duty; and in case of any such removal
it shall be the duty of the President to
lay the reason thereofbefOre the Senate
And on the first organization Of the
Board, one of the three Commission
ers shall by the members thereof, be
elected President, who shall hold his
office for two years when new cleo
ton shall be made; and in like manner
new election shall take place after
wards at the end Of each successive
period of two years. And the Secre-
tary of the Treasury shall have author
ity to appoint all such inferior officers
as in the judgement of the Board the
transaction of its business may require
the amount Of their respective compen-
sation to be fixed by the Board, who
may take bonds for the faithful discharge
of their duty for such sums and in
such manner as the Secretary of the
Treasury shall direct. And each oil
said Commissioners shall receiv an an
hual salary of--dollars.
SEC. 2. Ant be 1t further enacted,
That the said Board Of Exchequer
shall have power to establish agencies
or offices in such of the cities or towns
of the States and Territories of the
United States as ii may judge expedi-
emf, not exceeding two in any State OF
Territory, and also wherever Congress
may by law require the same to be es-
tablished; and such officers and agents
as may by the Board Of Exchequer be
lllnughr- necessary for the nlanarerneri
of such agencies and the transaction o.
their business, shalt be appointed by
the Secretary of the Treasury on the
recommendation of the Board of Elk
chequer; and the said Board shall have
power to fix the amount of the respec,
tive compensations ofsuch officers, ant
to provide regulations for the govern
ment of such agencies the transaction o
their business, and the rendering &C
count ofall their proceedings. And il
, such regulations they shall so assigl
, and arrange the duties ofthe officers 0
the said agencies as that one of thos'
officers shall be check and con'ro
upon the other, and for that purpos
= they shall require that the accounts an
' proceedings of each shall be entere
: in proper books. And any Of the o.
d ficers. of the said agencies may be re
d moved by the Secretary of The Treas
! ury for physical inhability,or incompt
2 tency, or Neglect or violation of dur
: but it shall be his duty TO state ever
e removal of any principal officer of an
agency, with his reasons therefor,
J. his general annual report of the tran
Y. actions Of the Board Of Exchequer.
70 SEC. 3. Ind be Il further eaacte
d That the said Exchequer and IFS @
: IS 6cers shall be the general agents of Il
Government of the United States I;
). receiving, SAFE keeping, and disbnr
r. ing the public moneys. and transferrir
al transmitting the same under the dire
IN ton ofthe Secretary Of the Treasur
re and all public moneys received, fro
: whatever sources, shall, underline san
q direction be paid into the said E,
= ! chequer or its agencies; and the prime
L pal officers empIoyedin such agenci,
n shall give bonds to the Unteid Stat
Of for such amount and in such form
!, the Secretary Of the Treasury shi
ID prescribe for the faithful performan
:, Of their duties. And the said Boa
= OF Exchequer and its several agenci
I, shall pay all warrants, drafts, or {
. ders made thereon by the Treasurer
IS the United States, and by all disbul
S ing officers and agents of the Cover
at ment having authority to make SD
+. drafts CT orders. And every such pa
. ment shall be made, at the option
Ut the person entitled to receive IT.
- gold and silver coin or in Treasu
as notes.
IN Sec. A. And be It further enact,
i. That the said Exchequer and its
fcers shall preform the duties Of Co
ne missioners Of Loans, in receiving 81
ds scriptions, transferring stocks; a