The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1859-03-02
New Treasury system.


the manner of receiving, holding, and dis
bursting the public moneys of the State. 1t
will prove an effectual check upon the
abuses and irregularities 50 long practiced
in the State Treasury, and tacitly acquiesccd
in bv all parties, till they they had acquired
In The eyes of the incumbents, sanction
almost as high as that of law.
The room now or which may be hereafter
occupied by the State Treasury, with the
safes. vaults, &C, shall constitute the Trea
sury of the State OF Indiana, which is con-
stituted the place fOr the deposit aud safe
keeping of the moneys OF the State-such
additional locks, safes, and vaults to be pro-
vided as TO make the pu5fic fands secure
against burglars and fire.
From and after the first day of October,
1859, all State revenues, and all dues ac-
crued, accruing, or that may accrue to the
State or to any fund belonging to or under
charge Of the State, or of any officer thereof,
required by law to be paid in money, and
all disbursements from the State treasures
shall be paid in gold or silver coin, or in
the notes of the solvent specie paying banks,
regularly organized under the banking laws
of the State.
The meneys derived from the following
sources to be paid into the State Treasury,
viz: From taxes for State purposes, borrow
ed on the credit of the State by an author
lied agent, on account OF the sale OF State
bonds heretofore disposed of for internal i'm
provement purposes; from the sale OF lands
lots, or other property held in trust or be-
longing to the State all funds belonging or
loaned to or held in trust by the State, where
no other disposition thereof is made or re-
qnired by law; every fee, perquisites or bonus
received by any State officer, received in the
discharge OF the duties of his office; all divi-
dends arising from hank or other stock APP
propriated in the payment of any part OF the
interest of tho public debt that accrulng
from the tax levied for the State debt Sink :
ing Fund and are in the hands OF any oili-
GERS or persons belonging to sad fund, all
arising from the sale of bonds or stocks un-
! der the general banking LAWN word, all
| the funds belonging, or in anywise under
! the'control of the State.
The Treasurer of State TO give penal
! bond of 81 80, 900 with twelve or more good
and sufficient resident freehold snrities, who
| who shall be worth double the sum, for his
| faithful discharge of the duties OF his Office,
| and the fidelity of all persons entrusted with
any of the concerns thereof.
The Treasurer of State is expressly pro-
hbited from loaning, using, or permitting
any other persons to use or deposit in any
bank, or with any person or persons, or eX-
changing 1t for bonds, except as permitted
by this act, any OF the money, funds, stocks
| or other property collected or received hy
him, or tt.,t may he paid or received into
the State Treasury; but they shall safely
keep all such moneys funds, stocks, ana
other property until the same he directed te
be paid out or transferred in the manner
prescribed by law, and such Treasurers art
expressly prohibited from receiving in any
manner for their own use any interest pre-
mium, guaranty, bonus or benefit whatever
by the disposition of, or arising out of any
money or property belonging 10 the State
or for the fund of the State or of any loar
obtained for the State, but whatever is SO re
ceived shall be by him fully accounted for
The Treasurer only to receive money int
fhe Treasury upon the draft of the Auditor
and every person making payments into tn
Treasury shall furnish the Auditor til
description of, for which the payment
made, which he shall duly certify to Tia
Treasurer.
The Treasurer is prohibited from payin
any money out OF, or transferring any none
! from the Treasury, except upon the warran
, of the Auditor, and from the fund o
which it is drawn, and the Auditor to draN
no warrant unless there be money to th
| credit of the fund against which the clair
or demand is due, and he is satisfied it
! correct.
The Treasurer to keep an accurate aC
count of the warrants paid, and the pal
ticular fund-balance his cash book daily
y SO as TO know the exact amount 1
cash on handmade monthly trial balance
of his ledger so as to show the exact cas-
condition of each fund, and publish in tw
e newspapers Of general circulation in lndial
n apoliS, the exact amount of money in It
e Treasury at the close OF business on the Ia
4 business day of the month, specifying Il
amount belonging to each fund and on Il
= first Monday in November each year, once
: : week for one month, a tabular statement
a the amount of money in the Treasury, Il
amounts received and disbursed for eaC
fund, and the balance remaining to Il
"A credit OF the same.
ID If any embezzlement or breach of tru
to on the part of the Treasurer, or peculatior
- abstraction of money, securities of proper
es committed by him, be discovered, shall
= the cause of his arrest, and the Govern
shall appoint a deputy to assume all the d
ties of the Treasurer, giving bond as /
quired, who shall serve until the Treasur
. is acquitted or his successor elected a
qualified.
An inspection and examination of t
Treasury shall be had whenever deem
necessary by the General Assembly,
ether branch thereof or by a committee
persons not members appointed by rcsoI
ton of the Legislature. And the Govern
O whenever in his opinion tue law or pub
interest require it, to appoint compete
accountant, who, without notice, shall pl
ceed to make a thorough examination
every thing connected with the Treasur
with full powers.
Whenever, in the opinion of the Treasur
Auditor and Governor, the notes Of any
the banks organized under the banking la
of this State, can not be safely received