Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1842-03-08

Washington a Board of Exchequer,
to consist of the Secretary of the Urea
sury and the Treasurer of the United
States, for the time being, with one
Commissioner at asalary of SO 900
per anum, said Commissioner to be
appointed for four years, and not 10 be
removed from office, except for physi-
cal inability, incompetency, or neglect
Of duty & in case Of removal, the rea-
sons therior to be laid before Congress;
the BoBrd 10 establish agencies or OF.
fees; not exceeding ten, what Boston,
New York, Philadelphia, Charleston,
New Orleans, and five other places in
the United States, TO be determined
on by the Board; the officers 10 con-
sist of principal clerk, and register
for the Board, at salaries of--dollars
each, and for each agency one super
intendent, at a salary of-dollars
per anum and register, al salary of
dollars per anum with clerk Tor
each agency, ifthe business requires it
said superintendent and registers
to be appointed for four years by the
President, by and with the advice and
consent ofthe Senate, only subject TO
removal in like manner with tie COM
missioner above mentioned. The
Board and agencies to receive and
salckeep the public moneys, and TO
transfer and to transmit the same under
the direction Of the Secretary Of the
Treasury; said Board and lis agencies
TO pay all warrants, drafts, &c of the
Treasurer of the United States, and
perform tie duties Of commissioner Of
loans. 10 receive from individuals
gold and silver coin and bullion to
be held for salekeeping and to issue
certificates lherlor,rhe amount never-to
exceed ten millions Of dollars, unless
otherwise provided by law. TO issue
certificates of debt to the public credi-
tors for the amount due them. The
several minis of the United States to
receive deposites and issue certificates
in like manner. Such certificates to
be receivable and redeemable at each
and every agency, and no premium
is to be charged Oh them, and they
shall be issued in sums from five to one
hundred dollars. The Board and
to be authorized to draw bills or
drafts Oh the severe agencies, and to
sell the same at a premium let eXcee-
ding the fair cost olremitting specie
TO the place of payment: provided
that no bill or draft shall be sold, ex-
cept for cash or suchfunds as are re-
ceived in payment OF the public dues;
4. c. Treasury notes, certificates Of
the board and agencies, aud the notes
of specie paying banks. TO pur-
chase domestic and foreign bills eff
exchange, under the direction of the
Secretary the Treasury,whe necessa-
ry for the purpose the Government.
ALI payments made by the Bord
or { lis agencies TO lie in gold or
silver coin, or. with the consent of the
public creditor, as Treasury notes or
certificates of deposite as provided, and
in no other medium whatever. All
dues to the United States, or any Off
Ger or department thercofmay be paid in
gold and silver, in certificates ofdepos-
lie issued under the act, in Treasury
notes, or in the notes of banks which
shall be Immediately payable, on de-
mand in gold and Silver, at the places
where received. The bill contained
suitable checks and guards to prevent
the emhezzIement and improper use OF
the public money, and to secure the f.
deity OF the officers Of the Board1