Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1842-01-08

tive compensalions to be fixed by the Board,
who may take bonds for the faithful discharge OF
their Duty for such sums and in such manner as
the Secretary Of the Treasury shall direct: And
each Of the said Commissioners shall receive an
annual salary OF - dollars.
Sec. 2. And be IL further enacted, That the
said Board of Exchequer shall have power 10 es.
tabsh agencies or Offices in such OF the cities or
towns OF the States and Territories of The Uni.
ted States as it may Judge expedient, not cxcee
ding two in any State or Territory, and also
wherever Congress may by law require the same
to be established; and such officers and agents as
may by the Board Of ESchequer be thought ne
cessary for the management OF such agencies,
and The transaction OF their business, shall he ap.
pointed by the Secretary Of the Treasury, on the
recommendation OF the Board Of Exchequer:
and the said Board shall have power to fix the
amount Of the respective compensations oil such
officers, and 10 provide regulations for the govern.
ment of such agencies the transaction Of their
business and the rendering accounts Of all their
proceedings. And in such regulations they shall
so assign and arrange the duties Of the officers Of
the said agencies as that one OF those officers
shall be check and control upon the other, and
for that purpose they shall require that the nc.
counts and proceedings Of each shall be entered
in proper books. And any Of the officers of the
said ageucies may beremoved by the Secretary
OF the Treasury for physical inability or incom.
potency, or neglect or violation Of duty, but it
shall be his duty 10 state every removal of any
principal officer Of any agency, with his reason
therefor, in his general annual report Of the trans
actions OF the Exchequer.
Sec. 3. And be 1t further enacted, That the
said Exchs9uer and its officers shall be the gen,
eral agents OF the Government Of the United
States for receiving, safe.keeping and disbursing
the public moneys, and transferring and transmit,
ting the same under the direction Of the Secreta.
ry Of the Treasury; and all public moneys re-,
ceived. from whatever sources, shall, under the
same directions, be paid into the said Excheqner
or its agencies; and the principal officers EN-
ployed in such agencies shall give bonds 10 the
United States for such amount and in such form
as the Secretary Of the Treasury shall prescribe
the said Board OF Exchequer and its several agen.
cies shall pay all warrants drafts or orders made
thereon by the Treasurer Of the United States,
and by all disbursing officers and agents Of the
Government having authority TO make such drafts
or orders. And every such payment shall bs
made, at the option Of the person entitled to re
ceve it, in gold and silver coin or in Treasury
notes.
Sec. a. And be it further enacted, That thu
said EIchequer and its officers shall perform TIT
duties OF Commissioners OF Loans. in receivin,
subscriptions, transferring stock, and paying di
vidends and interest thereon, under the direction
Of the Secretary Of the Treasury and shall rem
der TO the Treasurer OF the United States all ne
cessary facilities for transferring and dishursing tn
public funds as shall be required by him, an
shall perform all the duties Of pension agent
under the regulations prescribed by the Secretar
! OF War. and shall render and perform all othe
duties and services in relation to the collecting
sa(e.keeping and discussing OF the public fund
I as shall be prescribed by law or by the Secretar
. OF the Treasury.
: Sec. 5. And be it further enacted That
shall be lawful for the Exchequer at the Seat O
Government, and its several agencies, tn receiv
s on private deposile gold or silver coin or bullion
the properly of individuals, to he held as in othe
: cases of deposits made by individuals for conve
md nd IN Ihra r
= the fact OF such deposit having been made; whic
certificates shall always be redeemed on preser
tation at the agency where issued. But tn
), amount SO deposited shall never exceed in tn
e whole fifteen millions Of dollars, to be distribute
by the Board among the several agencies ACCORD
ing 10 the extent OF their business respectively
and for issuing such certificates no higher premiur
Il shall be demanded than shall be sufficient 10 If
: demnify against the hazard OF loss and remunel
ated for the safe keeping the deposit, and in n
instance 10 exceed the half OF one per CEN
But paper issued by the Board and its severa
agencies, whether in the form OF bills or cerlf
Gates OF deposit shall be redeemable only at til
place where issued, unless the Board shall Sc
cause TO order otherwise
S Sec. 6. And be ii further enacted. That
e shall be the duty Of the said Board Of Excheque
within three months after its first organization, /
e establish such bylaws and rules OF proceeding as
e may judge expedent and proper for the regulatio
e Of its concerns and the government OF its ageI
ciesi and copies of all existing bylaws and reg
=