Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-02-24

go, prnrded, That hill or draft shall be so SOLO
r f,r cash pud in funds receivable III payment u
n,,hIr dues as hereinafter prescribed.
SIR 10 ind be further enacted, mat IL snai. DC
,.,rtm f,r sad Board Of Exchequer and each OF us
,a,c;es when ordered or required SO 10 90 py tue
Secretary of the Treasury, 10 purchase oohiestc ~
f,o;,n bills Of exchange, Tor the purpose oil TRANSMIT
tinp The public funds OF the Government 10 pay us
dars or for public use, aud for M other purpose wha'
800 And II shall not be lawful for the Board OF Ex-
cbeoner or any agency 10 purchase or sell any D' VI
draft drawn by or upon member OF oiiGe' 'neie", ~
n WHICH such member or officer shall be III any way
interested nor 10 receive any oepos''e VI any "o"e
halongnr 10 any such officer or member; and no bil
h.Il liz purchased draft sold at any agency without
The assent Of two o! IT'S members.
II ind Be further enacted, That all payments
ole nv The said Board oil Exchequer, and any oil us
nces q, offices or any disburslng officer oil the "
shall be made in gold or silver coin, OF with consent
- ,b nnhlc CREDITOR Treasury notes; or certificates
- d,nS,te 10 pubc creditors hereinbeiore provldeo
and n no other medium of payment whatever Ana
lducs 10 the IT, s., or any officer or department thereof
NAV be paid in gold silver CON- IN ccrticates OF ue
,,e ssued under this act, in Treasury notes. or IN Inc
49,, ~ h,nLs which shall be Immediately convertible
49,, e,sc;e at the place where received And the Boara
IS Evcbsou.r al the seat Of Government and each OF
s au.nccs shall settle weekly or oitener with all banks
in ,hs,r neghbnrhoad whose paper they may nave re-
ceved nnd pay or c"Iecl, Us 'ne ease my &c: -. -
ances between and said banks, and no individual
h, he allowed al any time, debtor TO The EKchequer,
or any OF its Agencies, in account.
SEC ~ .7nd be 1t further enacted, mat no agency
esablsh, in any State under the provisions oil his
act SHALL contrary to any law whicn such ols'e ma
States or make sell drufs or purchase oiis olhef
than sc as shall be necessary IN the collection, Trans.
fer, and disbursement Of the public funds;
| CEe., n Rad Ls IL further rnnrtfd. Ihat Inc sau
hoard sho hive power to 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 shuii
go assign and arrange the duties OF the
registers and clerks herein provided, os mat me saio
nde mis- and shall be checks npn each
other md for that purpose they shall require hat the
accounts and proceedings OF each shall be enefeo py
them or BY their respective clerks aoresaio, sepa-
rate and proper books; and the ssd board shall require
Of all the principal officers employed M such asen'
c;es bonds to the United States Tor such an AMOUNT,
and in such form, as the Secretary OF the Urea.
sury shall prescribe for the faithful performance
of their dnties, 10 be renewed annually, or often.
er if the Secretary Of the Treasury shall require And
full and exact accounts of the Proceedngso Inc ooard
and its several agencies shall be furnished to tir Sc
cretarv of the Treasury often he may preSrihe;
and il shall be the duty of The said Secretary 10 lp alb
stracs of the same before Congress- al the commence.
lnent of each annual session, with an account all
regulations made for the government oil SAID agemies,
and To furnish full and particular accounts ana aae-
ens Of the transactions OF the board and lis aGe'ces
when required by Congress.
SEC IA. find be IL further enacted, lhat lhe Bard
of Exchequer and its several agencies sha Keep spa
rate and distinct sets OF books for The purpose OF
tcrnr and recording in set all TRANSACTIONS respect.
inc he collection, keeping and d,sbursng Of the public
revenue and transmitting the public moneys from pace
to place for the service OF Government cnd IN anohei
all transactions and accounts arising from oeahS VI
exchange and other transactions not on &C
count And all profits accruIng from dealing mex
change on individual account shall be applied, in thu
6s, place. pay all salaries and comPnsations and Y
deIray all expenses incurred under The authority OF ti
act and the residue thereof shall be paced semannu
ally to the credit of The Treasurer of Tie United States
SEC. Is Ind be further enacted, Ina, u u shall
any time be necessary 10 bring suit IN any bill OF tx
change or other debt liability a1slng out oi an,
under the provisions Of his act, such SUI
may be brought in the name of the United States, II
any circnt court of the United SIDES, or any Stat
{ court ha ving competent jurisdiction.
, SEC. l6. Ind DC il further enacted, That the ne
cessary rooms and vaults for The safe keeping OF III
public moneys, and for the TRANSACTION OF the bushes
Of the Board Of Exchequer and ITS agencies, shall
provided by the Treasury Department at the city G
WASHINGTON and in the Custom. houses, mint, hranc
, minis and other public buildings belonging TO In
E United States, far the same can be iurnshe
without detriment to The public service and, when til
same cannot be furnished the said board may Pre-
vide others.
SEC. II. find DC it further enacted, That the gro.
Of The nnhIi mnneys of lhe Limited Siales.
4 it may be placed transferred, shall be deemed an
considered in the Treasury OF the United States TO III
credit Of the Treasurer of The United States; and
: pal Of the SHALL as heretofore, be taken 10 pa
expenses whatever in collecting receiving III
same before it is brought into the Treasury; hut III
. said gross amount shall be accounted for, and all III
said expenses ofcolectng and receiving the same sha
be appropriated by law out Of the Treasury, as in 9th.
. cases of appropriation Prordcd, That nothing herei
contained shall be construed to prevent the ranser
, public moneys from one place, or Office, or officer
another 10 repeal modify any Of The provision
of law relative TO The Post Office Department
SIC. H. 8nd belt further enacted, That if any
her Of the Exchequer Board or any officer or cler
employed in lis BUSINESS any Of it's agencies,
collecting receiving, discussing officer agent
the U. g. whatever, in any manner concerned in III
collection safe keeping, transfer disbursement of
public moneys Of the U. S., shall convert to his ow
use in any way, shall use by way Of investment
any kind Of property merchandise, or shall loan
with or without interest," any money security de
posted with or belonging to the said board any
s agencies, or belonging to any other person or pei
sons dealing or depostlng with the said board or an
agency shall 30 convert TO his own use, appropr
ate or loan any money or security belonging 10 the
S., shall make any discount or exchange Of fund
Other than exchange for gold and silver, or shu
tnnke payments account Of the public service in
currency other than that furnished him and legalize
by this ac; every such transaction of such person
hereby declared 10 be frony, and conviction there
of before any Court If the u S. of competent juris
all the persons participating in such acts, shall be
trnced To imprisonment fur term not less than on
yrnr mr. more Than seven years, and TO fine equal II
twice the amount or value Of The property embez
lied.
Sec. 10. find be ii further enacted, That if any of
bcpr or member Of the Board of Exchequer of any
of its agencies established under the provisions Of Thu
act, or of The mint, any Of its branches shall give
sign false certificate Of deposte having been made
with any agency, mint, branch mint shall issnt
or deliver any certificate, draft, bill OF exchange
without having received the full value thereof,
caused the receipt of the 10 be duly entered il
he books of said agency, MINT or branch mint or shall
be guilty of any other wlul NAL practice by which any
responsibility Of the said agency of the Board Of Ex
chcqner or Of The United States, shall he improperly
created or increased, he shall be deemed guilty of felo
ny, and, on conviction thereof in any court of The
States Of competent Jurisdiction shall be sentenced
Imprisonment for a term not less than year, mol
more than seven years, and to fine equal to the
amount of the false certificate so given, or of the bill
draft issued delivered or 10 the amount nj III,