Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1842-03-03

nFrIr Ia
f,r the amount amounts IT debts due them by The !,
States nt the amount of said certificates Ia Ia, issued Il
mid pahlc creditors shall moi exceed the sum {" ten III"
lions e dollars issued and outstanding at an, one h'
unless otherwise provided by law And II shah %
,,s ,n,y of the said Boad OF fNcheqnor and
.,cb of lis several agencies At all times II limit
the amount ui certificates ISSUED that lis gold 'nd
silver hand shall lie equal 10 Tho amount thereof 'u'
slanling. 80,
III; ID, tho ,in, a, philadelphia and Of tho branch nint~
., Nm pf,Ans in tho STATE ni I1puislsra, ieianoga,
in the S-a u Georgia, and Charlotte IN the State I'll
nm Carolina hspocsey. instead oi the r.eelp's M"
be Them uvcn shall have power b. Issue likeeeftheal'N
ofdepost, 10 individuals IN the Government ir the
mount Of all dcpsilcs oi bullion or foreign RUN ei gold
and silver made in said mint lis branchcs iof The pn
rse Of coinage under such regulations and checks Tor
The security Thereof the Secretary OF the Treasury
ehsl prescribe. m ,
certificates Of depse shall be edeemaho on presenla
tios NJ The Offices agency miu branch mint. whcrc
issued; l,ey shall I've receivable every where IN payment
alhc public dues premium shall be demanded lof Is
ean III. same: and they shall lc lsSl,' IN such denon
nations not less than five more than one hundred dol
ars as ihedep rs,o public creditors may desire and the
Secretary Of the Treasury shall ole prepared aud
spned certificates aforesaid. IN such form IL hc shall
pfescrlu to be- signed by the Treasurer Of the nled
States and conntrrsgucd by the tulnnissipnrt al IN
chcaner hnl the amount OF all such certificates o dc
r,sc public or private outstanding nj the end 81 every
uuarter shall ST son thereafter The sam my be-
ascer aimed be published b, the Secretary 81 The Ira
sury.
Sec .sad be IL faiief cHacfed That the sad Board
Of Eae1,rqter may draw bills drafts my Gifts
gerr;es and may authorize any agency 10 draw bills
dssits oa the board any other agoncv. and sell
AMI aahotize its agencies 10 sell such hills III drafts for
premium n, exceeding the far Gust Of nmlllmg sle
cic the place Of payment and IN NJ case exceeding two
er centnm the amount oil such ball draft: p0rdcd
that lar 81 sold tTc
ia fands rfvablc IN payment Of pubic dues as herein
after prescribed.
Sec TO- .a,,i be q Further 6,,ecfcd, That It shall he
lawful Tor said Bntd Of E,cegucr aud zach u lis
rencies hen ordered required la do hy the Socc
,ary If the Treasury purchase domestic foreign
bills of exchange m The purpose Of transmitting The public
funds Of the Government 10 pay tho creditors, p IN pub
tic usc; and for no other purpnr wliacVct Aud II shall
not IL, lawful fH the Beard Of Esccqu,r nr any agency
~ purchase sell bull ar dFa drawn 10y upon any
Inemer OF officer thereof. IN which such member of
6csr shall be any way Interested, To receive
dcpss,,c of any m-ney belonging to any such officer or
me,nbor and bill shall be purchased, OF draft s1d al
any agency. without the as~enio tNoof its members.
Sec. H. .lad he IL further enacted That all pay
nonls made by the said b ard ol ESch~lner. and any
nj its aIsners oh9es any discussing oiiieeI oi Tie
United States shall BE- uiaio IL d " silver
with OF the public creditor. IN Treasury notes
certificates Of dcpsite 10 pGble creditors as henlabt
fore provided. aud in ohor medium 81 laNmon what
ever. And all tho dues Ia the | uIt~l States. anv
oilieror department thereof. may be Paid IA geld sd
yor cin IN certificates ii delnsii issued under this act
in Treasury notes. in the u.rs ct banks winch shall
I've Immediately convertible iuio specie nj the place
where received. And the Beard ut ENchcqntr ri The
sat nfG,vcrnmen,, aud each 81 IT, agencies shall
tie weekly oftcncr with all hanks in lhcir neghbor
hood whose paper they may haSc received. and pay
collect. the may hr, al! balances between and
said bans and no indl, rua shall bc allowed an,
Time. debtor to the EAchemer amy Of It's agencies,
IN account
Sec l.. ind he Il further caGcicd That no agency
s-,ahshe, in any State under the provisions OF tins
shall. contrary to any Law which such State may
receive any Other drpsites than those OF The | ncd
States, or mahcot sell drafts. purchase bill, other
than such shall be- necessary IN the collection transfer,
and disbursement ct the public funds
Sec. IL. ind he IL fotier cnaCicd. That the elld
lnard shall have power To Prov ic regulations ior the
government n the agencies aforesaid, the Transaction of
their business and the rendering accounts Of all thor
proceedings and such regulations, they shall assign
and arrange the duties Of the supnlcudcns. registers
and clerks. herein provided. lha the stud supfmrnd
aud registers shall he cheeks upon each other and
for tina, purpose they shall nmfc that the and
proceedings Of each shall be rnfrb y them. hy their
respective clerks aforesaid IN separate and proper bhs
aud the said board shall require OF all the principal of
ficsrs employed IN such agencies bonds the nitcd
States for such amount. aud in such form the Sec
rotary d the Treasury shall prescribe for the faithful
performance Of their duties. 10 he renewed annually
"
And full and accounts Of the proceedings oi the
bDard and its several agencies shall be furnished 10 the
Secretary Of the Treasury often as lac may prescribe
and il shall sc the duty OF the SAID Secretary lay alb
sracs OF the same before Congress- at the
OF each annual session. with nf all r,qru
latons made Tor the government Of said agencies aud
furnish full and particular accounts aud statements of The
transactions Of the beard and its agencies when required
by CongIess.
Sec ia. Ind be Il further enacted That the Board
ofExchcquer and It's several agencies shall keep sep
aud distinct sets OF books; tor the purpose II en-
tersg and recording in all transactions respecting
the collection keeping and discussing OF lhr puhic rcyc
nue., and transmitting the public moneys from place IN
place for the service OF Government, aud another all
Transactions, and accounts arising from dealings n, TX
change and other tranactous Government account
And all profits accruing from dealing in exchange on
individual account shall bc applied, III the first place.
pay all salaries and compositions, and to delras all
persos incurred under the authority Of this act and the
residue thereof shall be placed annually the crel
it OF the Treasurer Of the United States.
Sec. Is. Ind be further enacted. That if II shall
at any time be necessary bring suit any bill of ex
change other debt liability arising OF any Trans
actions under any provisions oil this act such ma
be brought in the oi the United States IN any cir
cult Of the United States any State having
competent jurisdiction.
Sec. 10. find be II Crtier enacted. That the nocos
say and vaults for the safe keeping OF the pub
lie MONEYS and for the transactions Of the business of
the Board Of Exchequer and lis agencies. shall he pro
vded by the Treasury Department the city OF ash
ington, and in the custom houses. mint, branch mins
and other public buildings belonging to the Iuted States
tar the same can be furnished without detment 10
the public service; and when the be 50 fur
nishcd, the said board may provide others.
Sec. IL. find be il further eaacted, That the gross