Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1842-01-01
A BILL Amenhatory of the several Acts c.tab-
Ishing the Treasury Department.

A BILL Ameniatory of the several Acts c.iab-
IishinG the Treasury Department..
SECTION |. BE IL eaactei by The Senate AMI
House of RepreScntatires of tie Tated Stdtes Of
America in Concress assembled, That there shall
be, and hereby Is, created and established IN Inc
Treasury Department at the seat OF the Govern
ment Of the United States, "A Board to be called
the Exchequcr Of the United States, to be com.
posed Of the Secretary of tho Treasury OF the
Treasury for the time being, the Treasurer Of the
United States for the time being. and three Com
InissioneIs, TO be appointed by the President with
the advice and consent Of the Senate; one OF the
said Commissioned first appo'n'ed TO be appoint.
ed for two years, one for four years, and one for
SIX years, and vacancies, subsequently, occurring,
10 be so fitted Us Tia, one vacancy shall regularly
occur at the end Of every perIo1 OF two years,
tho sand Commissioned not to tie removed from
office, except for physical inability, incompetent
cy, or neglect or violation Of duty and IN case
of any such removal, il shall be the dnty Of the
Presideu to lay the reason thereof before the Sen.
ate. And on the first organic ttIon Of the Board.
one Of the three Commissioned shall, by The mem
bers thereof, DO elected President, who shall hold
his office for two years, when Il new election
shall be made; and in like mtnncr il new oIec-
sion shall lake place afterwards at the end OF each
successive period Of two ycars. Aud the Sccre-
,ary Of the Treasury shall have authority to ap-
point all such inferior Office Is as IN The idgmcnt
Of the Board the transaction u lis business may
require, .hc amount Of their respective com zen
satlons To he fixed by the Board, who may lnkc
bonds f,r tnc faithful d~i<chlrgc Of their dUty for
such sums and III such uIlnncr as the Secretary
of the Treasury sh4ll direct. Aud each Of said
Commissioner shall receive an annual salary ot
-doliars.
Src =. And be it further enacted, That the
said Board of EXcheqner shall haFo power To cs~
iabilsh agencies or Offices IN such oi The cities Or
towns Of The States and Territories Of the Uni
,ol STAT, 80, =, ,,,y i,Ipr ~ xDplIprf not exCrpU-
ing two 10 ANY Safe or Territory, aud n'so.wherc-
ever Congress may by law require the same 10
he established; an! such officers and agents as
may bv the Board Of ExrhcqIct be thought ne
ccssary for the management OF such ag"nctes,
and the transaction Of their business, shall lie APP
pointed by the Secretary OF the Treasury on The
recommendation uf the Board of I.xchequer; and
the said b ,arG shahl have power To TX the amount
of iEc respective coInpensallpns o! such "tllcers,
and to provide regulations for the g"sernrHent OF
such agencies, the transactIcn OF their business.
aud he renderIug accounts o al their piocCeIingS.
Aud IN such regulations they shall 81 assign and
arrange the Gutirs "f the officers # the said a
gcnrlns as that one Of those "tiIrcis shall be n
check and control upon the other, aud for that
purpose they shall require that the accounts and
proceedings Of each Shall toe cntcttd IN proper
books. And any If The officers Of the nd ngen-
cics NAV be removed by the Secretary OF the
Treasury fr physical inability, or inCompetcncy.
or rerltct or Violation of Griv. but tt stall De his
dntv to state every removal of my principal Off
Ger Of any agency, with bis reasons 'hcret'F IN
his general annual report OF 'he B'ard OF ENchc-
qucr.
SIC. 3. And bc it further enacted. Tha, The
said ENchtGucr and ITS "iircr. Shali !e the gene.
raj ngcn's of the Govcrnmcut # the United States
for receiving, satr-kcopIng. and discussing the
pubic moneNs, aud transferring and Transmitting
the enine under the direction Of the Secretary of
the Treas ~; and all public moneys received,
f,,, - .i.,r t,yc shall Hu4tr tho =. rrn iI.
rectlons, tc paid INTO the said INchequcr or It's
agencies: mud the principal officers emIloved IN
in such agencies shall give bonds 10 the UnItcd
States for such amount and IN such form as the
Secretary Of the Treasury shall prescribe for the
faithful performance of their duties. And the
said Brard Of ExcheqVer and lis several agencies
shall pay all warrants, drafts. or orders made there
on by the Treasurer of the United States. and by
all dIsbursing officers and agents OF The GoverG-
ment having authority II make snch drafts or or
ders. And every such payment shall be made at
the option of the person entitled 10 receive 1t, in
gold and silver COIN or IN Treasury notes.
SEC. 1 And be II further enacted, That the
said EXchequcr and its officers shall perform the
duties Of Commissioners OF Loans. IN receiving
subscriptions, transferring stock, and paving dIvi.
dends and interest thereon, under the directions
of the Secretary Of the Treasury. and shall rem
der to ths Treasurer of the United States all ne
ccssary facilities for transferring aud di>bursing
the the public funds as shall I've required by him.
and shall perform all the duties Of pension agents
under the regulations prescribed by the Secreta>
rv Of War, and shall render and perform nl 9TH
err duties and services in relation Ia the collecting,
keeping. and disbursirg Of the public funds as
shall be prescribed by law or by the Secretary of
the Treasury.
SEc. ;. And he il further enacted. That it
shall be llwful for the Excheque- al the Sea, OF
Government. and lis several agencies. to receive
on dcposite gold or silver COIN or bullion. the prv-
perry of individuals. TO he he'd "a in other cases
of depos ties made by individuals fr convenience
and security; and to issue certiti ,ates of the fact
OF such dePosite having been made; which, cer-
tlhcaies shall always be redeemed on presentation
at the agency where issued. But the amount SO
deposited shall never exceed. IN the whole. fifteen
millions OF dollars, 10 be distributed by the Board