Baton-Rouge gazette. [volume] (Baton-Rouge, La.) 1819-1856, 1846-04-25

The following are the main provisions ot
the Sub. Treasury Bill as passed by the
House vi Representatives, by aTute Of l2G
to 90
,Saca5 8. Provides fr the appointment ii
receivers general. TO hold their offs es tor the
term Of four years, at the city Of New-lork,
At Boston. and the city Of vt. Louis,
Sec. q, Provides that receiving officers Of
Customs AID Of lands, and all postmattors,
with certain named exceptions, shall keep the
money p,id in to them, without using it, I'LL
the Eatno ID ordered to BE- transferred or be
paid out,
See. 3. Provides that all receivers of pub.
lie money within the District OF columbia
shall, whenever directed by the Secretary OF
the Treasury, or Post Master GenerN, pay
the money received by them INTO the Treasu.
ry aud that all receives OF public money else.
where, shall pay The money received by them
20 the receivers general, at least as olen as
once a week.
Sec, 10 Provides for the transfer Of the
pubic money upon The order Of the SEC etary
OF The Treasury.
See. -. Makes il the duty oftho Sec, eta
ry Of the Treasury, with as much p'onptitude
az the convenience Of the public business aid
the safety of the public funds will peru t, to
withdraw the balances remaining with the
present repositories.
See. IL. Directs the manner in which I o
hooks shall DO kept, &c, aud provides that
any loaming of the public money or conversion
ct II IA private use, shall be adiudged an cln-
bczzlemeHt OF such money, ehtch is declared
10 be a felony, punishable, on conviction by
Imprisonment for not less than six months, nor
more than ten Yeas, aud a fine equal 10 the
, amount of money embe2zled.
See. 10. Provides that after the thirticth
day ofJune, 1916, one third part of all duties,
taxes, sales Of public lands, debts, aud sums
of money a~ecruing nr becomrnlng due to the
Uni'ed states shall be collected IN the legal
currency Of the United States and from ard
after the thirtieth Of June, 1877, me other
third part shall be collected in such cutFen-
cy aud after The thirtieth of June, 1917, the
remaining onesthIrd part shall be SO %collec.
ted and after the last mentioned day all pay
menls 81 government due or of postage shall
be 10 gold and silver only.
See. 90. Directs all payments made by eve.
ry officer or agent of the government, after
the last mentioned period, 10 be in gold and
silver only.
Sec. 2I. Forhids any exchange Of funds by
any ct the officers agen,s uf the government
other than an exchange for gold aud silver !
aud directs every discussing off er, when
the means FIR his disbursements are furnished
him in currency legally receivable, 10 make
his payments received for the drafts furnish
ed, unles he can, either case, exchange the
means in his hands Tor guild and silver az par.
Sec. %. Makes il The duty of the. Secreta-
ry of the Treasury to issue and publish regu-
lations To enforce the speedy presentation of
all government drafts and prescribe the time
in which all drafts snail be presented for paw
menti and TO guard, 50 far as may be, against
those drafts being used or thrown into circula-
ton as apaper currency, or medium of ex-
change,
Sec. "a. Fixes the salaries of the recei-
vers general, &c. The receiver general at
New Yoak is 10 be paid $1,000 pet annum
at Charleston $4,000, and at st Louis ST.
500, fc.