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

we'd. from office only with the Ike CONCUR.
renee Of the Senate, md for physical ina.
biiiiy, inconlpctcncy. neglect, or violation
OF duty. The President TO communicate
TO the Senate tho particular reasons of the
proposed removal. For like causes the
President may suspend commissioner
and appoint temporary substitute, aud
within The first week of the ensuing session
OF the Senate lay before that body the rea
SONS OF such suspension, and, il the Senate
concur, the commissioner TO be removed.
il not, To be restored.
IL. The Board Of Exchequer 10 estab.
lish agencies, as it may deem necessary
and expedient for the public service, linn.
ting the number to as few as the exigen-
cies of the service viii admit, and IN no
case TO exceed two in any State or Terri
tory.
Ill. The Secretary of the Treasury 10
appoint the inferior officers Of the board.
and also tho officers of The agencies, on
the Recommendation of the board, and to
remove them for physical inability, incom.
potency, neglect, or violation Of duty, on
like recommendation.
~. The Exchequer and its officers TO
be the general agents of the Government
tor receiving, snle-keepag and discussing
the public moneys. The public moneys
from all sources received to be paid into
the Excheqter and agencies.
V. The Exchequcr and agencies to re-
cciye on deposiie gold or silver coin, or
bullion, and to issue specie notes for the
same, 10 be redeemed at the agency where
issued. SAID notes to be prepared by the
Secretary of the Treasury, signed BY the
Treasurer, and countersi2ned by the Pre-.
sidcnt of the Board of Exchequer. and
made payable to the order Of the principal
agent, aud endorsed by him when issued
at sucl, agency.
VI, The ESchequer and agencies, on
the depuslle Of gold or silver coin, or bnl.
lion, To draw and accept bills of exchange,
aud 10 receive premium not exceeding
two per ccntum. Also, 10 collect drafts
or bills, but TO make no advance or pay
ment tall advised Of the collection, aud to
charge a reasonable commission for collec.
ton and exchange.
VII. All specie notes issued, either in
payment Of the public creditor, or on the
deposiies Of individuals, never TO exceed
The actual amount Of specie on hand for
their redemption, dollar Tor doiior.
VIII. Dues 10 the United States 10 be
paid IN gold or silver CON, m specie notes,
or 10 the notes Of banks immediately con.
ycrtible into specie at the place where
received. The Exchequer and agencies
to settle weekly, or oitcucr, the balance
with the banks.
IN. The EXchequcr and agencies to
keep separate and distinct sets Of books
TO enter and record in one set all transac.
tons respecting the collection, keeping,
and disbursing Of the public revenue, and
transmitting the public moneys from place
10 place, for the service of the Govern
ment; and in another, all transactions and
accounts arising from the operations in
exchange and other transactions not on
account.
y. The ESchequer may appoint as
agent any cie.paying bank bu, such
bank IS not authorized TO receive private
deposites, or 10 accept or sell bills or drafts
on account Of the Exchequer.
NJ. The Exchcquor and agencies TO
act as commissioners Of loans and pension
agents, and generally to render all iacIi.
ties in transferring and disbursing the pub
lie funds. Full and exact accounts Of the .
board and agencies TO be furnished TO the
Secretary Of the Treasury, and he to re-
port to Congress. Necessary rooms aud
vaults Ia be provided. Suretles TO bo Ia
ken, and penalties prescribed, and strict
examinations made.
We have not had time to perusc Mr..
Talmajge's report, but We shall lay it be-
tore our readers at an early day, as We
expect the Senate plan will be the one most
likely to meet the support Of the Wing
party generally.
THE COMMITTEE OF FOREIGN RE.