The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1842-01-06
PRESIDENT TYLER's PROPOSED
BOARD ofEXCHEQUER,'
Az reported 10 Congress by The Secretary
Of the Treasury.

W hMs
A BILL amendatsry OF the several sets
establishing the Treasury Department.
See. I. BE Il enacted By the Senate
and House of Representatives. o the Uni
red States OF american in Congress as
ssnlbled, That there shall be. aud hereby
10, created and established in The Tressu.
nv Department al the seat Of The Govern
meni Of the United States, Board. 10 be-
called lhs Exchequer Of the United States.
10 be composed Of The Secretary Of the
Treasury for The time being. and three
Commissioners. 10 be appointed by the
President. with the advice and consent Of
the Senate; one Of The said Commission
els frs. appointed 10 be appointed for two
years. one for four years. and one Tor six
years, and vacancies subsequently, Occult
ring 10 be so filed as that one vacancy
shall; regularly occur al The end Of every
period Of two years; the said Commits
sioncrs no, TO be removed from Office.
except for phy steal inability. incompetent
cy. or neglect or violation 81 duiy; and in
case of any such removal, il shall be Tie
duty OF the President 10 lay the reason
thereof before The Senate. And on The
first orgsnizsiion Of the Board. one Of
the three Commissioners shall, by the
members thereof. be elected President.
who shall hold his Office Tor two years.
when q new election shali be made;
, and 10 like manner new election shall
rske rlsOs .f,s.-- arsis NJ. ~. ..j % ezcn
) successive period Of two years. And the
: Secretary OF The Treasury shall have
authority 10 sppoin, all such inferior offi-
D GERS as in The judgment Of the Board tho
8 transaction Of ils business may require.
q The amour, Of their respective compen-
c satious TO be Fixed by The Board, who
. may take bonds Tor the faithful discharge
e Of their duty. for such sums and 10 such
, manner as The Secretary Of the Treasury
). shall direct. Aud each u the said Com.
IS missioners shall receive an annual salary
nj OF - dollars. -, - .,
a. Sec. Q. find be 10 further enacted.
e. 'rha, tue said Board Of Exchequer shall
., have power 10 establish agencies or Off
e. ces in such Of the cities or towns Of lhe
in States and Territories Of The United State.
C. as il NAV Judge expedient, mol exceeding
o two in any STATE or Territory. and sIss
II wherever Congress may by law requir,
~ the came 10 be established; and such VI
is ficers and agents as may by the Board o
u. Exchequer be though, necessary for ihs
T. management Of such agencies, and th,
he ranssc,ion Of their business, shall DO up
he pointed BY the Secretary Of the Treasury
le- un The Recommendation OF the Board o
in Exehequer; and the said Board shall hsv,
en- power 10 fix the amount OF the respec
se i've compenss,ions OF such officers, an
&c to provide regulations for The governmen
lie Of such agencies. the transaction Of thei
~. business, and the rendering accounts q
az. all their proceedings. Aud in such regu
40 la.ions they shall so assign sndnarrang
Of the duties Of the officers Of she cad sg~r
ch cies, as that enc Of those officers shall B
di, a check and control upon the other. 40
for ,ha, purpose they shall require .h;
80. The accounts and proceedings Of each shs
.ed be sn,ered in proper books. And any I
6s. the officers Of the said agencies may !
Of removed by the Secretary Of the Treas'
90, nv for physic.l inability or incompssenc
iis. or neglect or violation Of duty, but
Of shall be his duty 10 state every remov
be of any principal officer Of any sgene.
sed wi.h his reasons therefor. in his gener
to annual report Of the transactions Of Il
I to Exchequer.
rec. Sec. 3. find be Il further enaete
cas-. THAT the said Exchequer and its Office
Ter. shall be the general agents Of the Go
,uld eminent Of The United States for recei
'ub ing. saie.keeping. sud disbursiug 4
5, a public moneys. and transferring al
,ree transmitting the same under the directl
,ow OF the Secretary Of the Treasury; and
nee. public moneys received. from wha,es
sull sources, shall. undS the same directions
be paid into the said Exchequer or
the agencies; and the principal officers e
,ich, ployed in such agencies shall give bonds
,,,c. the United States for such amount and
state such form as The Secretary Of the Ire
sna nry shall prescribe for the faithful :
near formance Of their duties. And the s
tease Board Of Excheqaer and lis several ~
d a., cies shall pay all warrants. drafts,
d on orders made thereon by the Treasurer
mary the United States. aud by all dlsbors
e the officers and agents Of the Gosernu
II yet having authority 10 make such drafts