Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-03-01

lawful for the EAcheqner al TIE seat o' Ao'e'h's''
ana ~ several agencies, the deposit oil g"a OF
-. co,, - bullion rs 4 payment therefor To draw
LIls NJ ,chanre made payable al satd Exchsqu'' VI
4 n,, AGENCY where funds provided on which 10
,, and also to accept bills OF exchange; The amount
Of which bills and acccp,ances shall IN no case exceed
,ho s 90 deposited And such bits Of exchange and
accsn,,nces shall be sigued and coun,ersgned IN such
manner as the hoard shall prescribe. ~
Sc mi be il furthtr enacted, That on each h'ii
of exchange acceptance, the EAchcCueT or agency
n, winch such bin or acceptance j. made stall De emu
lied to receive inst and reasonable PrPm'lin no' eA
ceeduc tie fair cost Of renting specie TO the place ."
nuvmcut and IN case 10 exceed two per cenium on
I ,bc amour. Of such bills acceptance.
! See. y !ad be Il FURTHER soactGi, That II sha'i De
lavu III lie Sad board Of Exeheqnrr, and each Q"
-. cr.n,ie. l. AR regulations be prescribed hy The
board, 10 rcct and take charge Of, for collection,
a. trsGs or lI- Of Exchange as may he deposited
u n them Cor ~ PURPOSE, drawn on any place where
al oif,,o III, Excheq9cr may be established oel IN
e :: % =; IS;
y,reu h the ", coed, sa he paid over /" TIE person
entnleda them, al the "itcc where 'li'. S'''
draft or I'll originally deposited '"T 'ransHi'sson
md collection. dcduci,rg ;arrciFom such reasonable
CHARGES and commission as lny have been agreed upon,
y icl SHALL II ~ case exceed : per ccnum on the
amount COLLECTED So
Sec 10. Ami ~ II fasiber cnar,ed, That i shall he
as S" If "o'a Of ns s gsa " s"e y
laws and rules = proceedings II may ndge eXrthi-
en and proper M the regulation "i IT. concerns ana he
government vi is agenc"si ana cnpts VI an tAs'"
ty laws agd uatons shall De lad before congress
! e,erv year, n iim annual SESSION
Sec II. int T. il fnthcr cracieJ, That me Secre.
,ary ri the Treasury authorized from time 10 Time,
on the Application Of the Board 81 ESchequer !" inF-
nish for lis aud that 81 us several a1ec's
>uiahe unount %" specie notes 10 br GSeG III Ire trans
acnn o lis business; Int tire amount I" snch nn'es
Il Il 1T, IN 49,
depositcs Of md ,dua> snail never exceed The actual
n,nnunl 81 >prc'r 80 honH or ihr'7 itJ"'npi"n Ana
all dues . tie n,''G att, or any "icr " d'Pft-
,rn; i, auonz i" receive i:t!ic dues nay to
uad ~ poi! aud silver cou specie h".s "sued m
tr THIS or IN the notes 1T banks Hhch shall IL mn
acd,acl Convertible into specie At he place where re-
criveG. .
Sec l2s .lnd he il further cnactcd. That the Board
If Esc!eeaer a, The seat Of Govrrnmrn and each Of
Is agenc,es shall settle weekly o'tcner, with all
hanks IN their ncigboThood who's" paper they may have
received aud pny collect. as The case shY h, a.! ba
ances between il aud sad banks and no Individual shall
" allowed time, 10 stand as debtor to The ~.
rhrouer or any Of l. aGenciS account And II snail
H., the ay OF san BOARD If Exceqner, ard each Of Is
scyrra! agencies NJ NJ times - l'n Is Issues thai -
gold aud srer hand shall y" cqaai dnila! o dollar
u the amount rsuch issues outstanding.
See r.! .7.i IL u jaritcr tGnc.,i, That the Board
# Exch,C,er and rs cvrra agencies sal! keep spa
rate and distinct at books, h. purpose 81 enter
I'M and recording, sci, all Transactions respecting
the collection, keeping, and discussing Of the puhc
revenue and irars.ilng The public moneys from place
to place for the ot Government; and IN another,
all ,ransac tios and accounts arising from the opera
tons IN exchange herciubesore authorized, and other
transactions Government account. And all pro-
fits accrure pm such operations ~ exchange on nGi-
vldual account an from private deposes shall n ~
pied the fist place. t. pay all salaries and comlen-
suton- AID dc:ray Ill expenses incurred under the
authority ii tbs act, ana the residue thereof shall h
glazed annually % he credit Of The Treasurer Of
The Ini'.d States.
Sc. a. .lnd tef further cqqctfd, That The neces
sarg rnous aud vaults ur he sat- keeping 81 the rnb
lie norrys and for the transaction ri r business Of
the Bard d. Exchcouer and iis agencies, shall be- pre-
vded ~ the Treasury Department at the cry "i Wash
in,ton and :: the custom houses mint, branch minis
4: e: ~: : :: ! C.: J:
not I've 50 IT, hfd the sad board may provide others.
SEC IL. ~ Dr. Il furthcS cadrtad, That Il shall be
lawful nr tie said Board Of EScieqner 10 appoint as
agent Tor ib' board ary spcc"-paling bank N any
State in cas- where il NAV be deemed expedent 10 es
tahls, an oe OF a. agency Of the SAID board as here
inbe lore pro, .icd but such bank shall! not be autho
rzrd any L. receive depos,ies, or TO accept OF
sci! bills CT dlas 4 account OF the Board OF Exche
quer.
act accounts Il til. proceedings o lie board and IT:
several agcncirs shan b. furnished to the Secretary
the Treasury often he may prescribe; and sial
be duty of tho sad Secretary to lag abstracts OF the
same before Congre.s at the commencement OF eact
annual session. and 10 furnish full aud particular &c
coun,s and statements Of the Transactions of the boart
and its age,A,s when required hy Congress; and h
amour, 81 c notes outstanding at the end of ever,
quarter sla n thereafter Is The may be as
cera'ned, b. sied by the Secretary of the Trea
surv.
Sec Il. .!,itc i f"rIer caGeted, That if any mem
DO. q! the Esehequer Gosrd, any officer clerk EN-
ployed liz us':rss any OF Its agencies Shall con
vert his own use The said board any .! lis agen
cles or i, lon Sir the u. 5, any other person
persons dea.r depos.iing with the said board
agrncy, ic s!.aN o. deemed guilty Of felony, and :"
conviction Thereof before any court o the U. 5. 81 com
ctcnt jurisdiction, shall be sentenced IN imprsonmen
for a term no, less than - nor more than years
and 10 line equal 10 twice The sum or value OF the pro
petty embs
Sec u .Iad be il further enacted, That if any Off
Ger member Of ihe Bnlrd Of EScheGuer, any Of il
r agencies established undcr the provisions Of this act
ali issue AIRY specie "tc or make, accept, or deve
any draft =" bull q" exchange without aTing rcccivct
the full value thereof specie and caused the recelp
: Of The he Guy entered III the books nf the
agency shall hs cu,ity Of any other malpractice By
whch any responsibility Of the SAID agency, shall III
guilty of any other malpractice by which rtspon
sblly Of the said agency, of the Board Of Exche
Guer al thu L. 5, shall be improperly created o
increased he shall BE- deemed guilty II felony, ant
On thereof N any court 81 the Y S al CON
peienl jurisdiction, shall ~ sentenced 10 Imprisonment
years, and I" line equal 20 ,hc anoun; of the spec,
note 50 issued Of il,. bill drai made accepted
delivered, or 10 the amour, Of tie responsibility 80
created or increased
:; SEC. 10 ind be further enaoted That The Secre
tary Of the Treasury shall have power, al his Giscre
ton, BY himself "rhy agent duly appointed b. him
to examine the officers and clerks Gfhe Exchequer
iis agencies, on oa'!i or affirmation, touching all mat
relating to the Excequrr lis agencies, eth
Of them which said oath the said Secretary, sal,
In, ,-.3t t,I,T
person 50 examined shall wil:uily refuse 10 disclose d
declare the who" truth, sach person shah he dremsc
guilty of wiitul md corrupt perjury, and shnll suie
The pans aud rfnai.cs thereof, conviction before
any court competent 10 try the same. And the said
Excheqner and agencies shall, all times, be open &c
examination BY any committee appointed by Congress
or either House thereof
Sec. 90 find he it further enacted, That all acts and
parts of acts inconsisisn, with the provisions Of this
be- and the same are hereby repealed.