The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1842-03-03
THE FISCAL PLANS.

A majority Of the Select Committee oil
the Hose Of Representatives on the Cur.
rcucy presented report accompanied by
bill embodylng their plan of Fiscal
Agency. Mr.. Gushing is the Chairman
aud fram every appearance it seems with
few alterations the same scheme offered
by the Secretary Of The Treasury. The
following IS a synopsis Of IFS provisions
The bill establishes at the City Of
Washington, Board of EAchequer, 10
consist OF the Secretary Of the Treasury,
and the Treasurer Of the United States,
Cor the time being, with ono Commission
er, at salary Of $4,000 per aunum--said
Commissioner TO ho appointed Tor four
Year,, and not to be removed frou o.iee,
except for physical inability, inconpeien-
cy, or neglect Of duty and, in case Of &c.
moyal, the reasons therefor 10 be laid Lc.
fore Congress; the Board 70 establish
agencies or Offices, not exceeding ten, VIZ !;
nj Boston, New York, pbladeiphia,
Charleston, n. Orleans, aud five other
places 10 the L. y. TO be determined OH BY
the BOar1 the officers TO consist oil u prin.
oipal clerk, and register for the Board,
al salaries Of - each, and for each
agency one superintendent, AT salary oI
- dollars per annum, and register, a,
a salary Of ----- dollars per unnum, with a
clerk for each agency, If the business re-
qulres It--said supcrinlendents aud regis
tcrs to I've appointed for four years, by the
President. by and with the advice and con.
sent Of the Senate, only subject to removal
in like manner with tho commissioner
above mentioned. The Board aud asen.
cles TO receive aud safe keep the public
moneys, aud 10 transfer and transmit the
same under tho direction OF The Secretary
d the Treasury said Board and it's agcn.
cies to pay all warrants, drafts, &c, of
the Treasurer of the L. S, and perform
the duties OF commissioners OF loans. To
receive from individuals deposiles of gold
aud silver coin ard bullion to be held for
safe keeping, and 10 issue certificates
therefor; the amount never to exceed ten
millious Of dollars. unless otherwise pro-
yldcd by law. To issue certificates of
debt TO the public creditors for the amount
due them, The several minis OF the T..
5. TO receive deposites and issue ccrtif-
Gates a like manner. Such certificates to
be receivable and redeemablc at each and
every agency, and no premium Is TO be
charged on them, and they shall bc issued
"a sums from five to one hundred dollars.
The Board and agencies to be aulhoriz.
] 81 10 draw bills or drafts on the several
4 ascncles and to sell the same at pre-.
MUM not exceeding the fair cost Of re.
! hitting specie TO the place Of payment I;
4 provided that no bill or draft shall be sold,
except for cash or such funds as are re-
cclyed N payment Of the public dues i. 6.
4 Treasury notes, certificates OF the Board
and agencies, and the notes of specie pay
M banks. To purchase domestic and
foreign bills of exchange, under the dircc.
ton Of the Secretary of the Treasury,
when necessary for The purposes of the
j Government.
Al payments made by the Board or its
agencies to be in gold or silver coin, OF j.,
with the consent of the public creditor, in
Treasury notes, or certificates Of deposi,e,
a3hereln provided, and IN no other medium
ofp0yment whatever. All dues to the Uni.
led States, or any officer or department
thereof, may be paid in gold and silver, in
certificates of dcposiics issued under this
aci, IN treasury notes, or IN the notes OF
banks which shall be Immediately payable,
on demand, in gold aud silver, at the places
where received. The bill contains suita.
bic checks aud guards to prevent the en-.
hezzlemens and improper use Of the pub
NC money, and 10 secure the fidelity OF the
officers Of the Board.
Mr.. Davis, Of Ky, orc of the minority,
presented counter report but without
proposing any plan. Mr.. Kennedy, oil
Maryland, presented report dissenting
lion that of the majority, accompanied by
q b'll 10 establish National Bank, being
nearly in the form of the bill for the same
purpose which passed both Houses at the
Extra Session.
81 The Committee of the Senate have also
presented Report accompanied by a Bill
loI plan of Fiscal Agent. The fol.
lowing is offered as the plan of the Com
mItlee:
l. A board to be established in The
treasury Department, at the Seat Of Go
'ernment, TO 30 called the Exchcquer o.
'ne United States. The board to be com
posed Of three commissioners, 10 be ap
pointed BY the President, with the advice
ana consent Of the Senate, and to be reno