Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1842-01-07
"Exchequer Of the U, s."
A RELI.


Sec. /. Be ii enacted by The Senate and
House Of Representatives. of tke United
States cf America IN Congress assem-
btcd, That there shall be, and hereby
is, created and established 10 the Trea
sury Department, at the seat of the
Government Of the United States,
Board. TO be called the Exchequer Of
the United States. TO be composed of the
Secretary Of the Treasury for the time
being, the Treasurer of the United
States for the time being, and three
Commissioners, to be appointed by The
President with the advice and consent
of the Senate; one of the sad Commits
sioners thus appointed, to be appointed
for two years, one for four years, and
one for six years, and vacancies subse
ouently occurring, 10 be so filed as that
one vacancy shall regularly occur at
the end Of every period Of two years;
the said Commissioners not TO be re-
moved from Office, except for physical
inability, incompetency, or neglect or
VlOIdllOn W uuly huu III GuSV VI any
such removal, il shall be the duty of The
President TO Jay the reason thereof be.
fore the Senate And on the first organ.
izatlon Of the Board, one of the three
Commissioners shall, by the members
thereof, be elected President, who shall
hold the Office for Two years, when
new election shall be made; and ln like
manner new election shall take place
afterwards at the end of each successive
period Of TWO years And the Secrrta,
nv of Treasury shall have authority
to appoint all such Inferior officers as in
the judgment of The Board the transac-
tions of its business may require, the
amount OF their respective compensa-
tons 10 he fixed bv 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 Treasu
nv shall direct. And cash Of said Com
missoners shall receive an annual saa.
ry of - dollars.
Sec. 2. And be ii further enacted, That
the said Board of Exchequer shall have
power to establish agencies or Offices in
such of the cities or towns Of the States
and Territories Of the United States as
it may Judge expedieut, not exceeding
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 Exchequer be thought necessary for
tho management Of such agencies, and
the transaction of their business, shall
be appointed by The Secretary of the
Treasury on the recommendation Of
the Exchequer; and the said Board shall
have power to fix the amount Of the re.
spective compensations for such officers,
and to provide regulations for the gov
vernment O. such agencies, the transac
tion 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 accounts and pro.
ceedings Of each shall be entered in
proper hooks, And any Of the officers
of the said agencies may be removed by
the Secretary Of the Treasury for physl.
cal inability, or incompetencv, or ne
gIect or violation of duty, but it shall be
his duly to state any removal Of any
principal officer Of any agency, with his
reasons therefor, in his general annual
report ofthe transactions of The Board
OF Exchequer.
Sec. 3. And be ii further enacted, That
the said ExcheQuer and its officers shall
be the general agents Of the Government
OF the United Safes for receiving safe
keeping, and disbursing the pubic mo.
neys and transferring and transmitting
the same under the direction of the Se'
cretary Of the Treasury; and all public
moneys received, from whatever sour.
Cas, shall under the same directions, be
paid into the said Exchequer or its
agencies, and the principal officers en-
pIoyed in such agencies shall give bonds
TO the United Sntes for such amount
and in such form as the Secretary Of the
Treasury shall prescr be for the faithful
performance Of their duties. And the
SAID Board Of Exchequer and its several
agencies shall pay all warrants, drafts,
or orders made thereon by The Treasu-
rar of the United States, nnd by all dis
bursing officers and agents Of the Gov
erumenl having authority to make such
drats or orders And every such pay
ment shall be made, at he option OF
the person entitled to receive it, in gold
aud silver coin or in Treasury notes.
Sec. 4. And be iIturther enacted, That