Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1846-04-10
The sub Treasury BiM-Bclow we present on

The sub Treasury BiH-Bclow we present our
readers with the most important sections of the
SUBJ Treasury Bill, which has recently passed the
House of Representatives. Our limits will not
permit us to publish it in extenso. 1t is now be-
fore the. Senate in which body it will be discussed
heaven knows how long, as talking seems to be
the order of the day.
Sec. 5. Provides for the appointment Of receiv-
ers generai.to hold their Offices for the term of
four years, at the city of New York, at Boston,
and the city of st Louis.
Sec 6. Provides that receiving officers of Gus
toms and of lands, and all postmasters, with GER
tain named exceptions. shall keep the money paid
in TO them, without using it, till the same is Or
dered to he transferred or be paid out.
Sec 9. Provides that all receivers of public mo-
ney within the District of Columbia shall, when
ever directed by the Secretary of the Treasury, or
Post Master General, pay the money received by
them into the Treasury; and that all receivers of
public monoy elsewhere, shall pay the money re-
ceived by them to the rcceivers-general, at rast
often as once a week.
Sec. 10. Provides for the transfer of the public
money upon the order Of the Secretary of the
Treasury.
Sec. Is. Makes it the duty of the Secretary of
the Treasury, with much prompttude the
convenience of the public business and the safety
Of the public funds will permit to withdraw the
balances remaining with the present Repositories.
Sec. II. Directs the manner in which the books
shall he kept, &c. and provides that any loaning
Of the publ; money or conversion of it to private
use, shall be adjudged an embezzlement of sucn
money, which is declared to be felony, punish
able on conviction, by imprisonment for not less
than six months, more than ten years, and ii
fine equal to the amount of money embezzled
Sec. 10. Provides that after the thrtieth day of
June, 1916. one third part of all duties taxes,
sales of public lands, debts, and sums of money
accruing or becoming due to the United States
shall be collected in the legal currency of the Uni
ted States: and from aud after the thrtieth day of
June, l947 other third part shall be collected
in such currency and after the thirteth of June,
lS46 the remaining one-thiid part shall be so COL
lected; and from and after the last mentioned day
all payments of government dues or of postage
shall be in gold and silver only.
Sec. 20. Directs all payments made Ivy every of.
Gcer or agent of the government, after the last
mentioned period, to be in gold and silver only.
Sec. 81. Forbids any exchange of funds by any
of the officers or agents of the government other
than an exchange for gold and silver; and directs
every discussing officer, when the means for his
disbursements are furnished him in currency le-
galiv receivable, to make his payments received for
the drafts furnished, unless he can, in either case
exchange the means in his hands for gold and sill
yer at par.
Sec. %. Makes it the duty of the secretary of
the treasury to issue and publish regulations en-
force the speedy presentation of all government
drafts and prescribe the time in which all drafts
shall be presented for payment; and to guard, as
far as may be, against those drafts being used or
thrown into circulation as a paper currency, OF
medium of exchange.
Sec. %. Fixes the salaries of the receivers &C.
neral, &c. The receiver general at New York is
to be paid Sd 900 per annum; at Charleston ST..
500, and at st. Louis 81, 500, &c.