The tri-weekly standard. [volume] (Raleigh, N.C.) 1866-1868, 1866-11-24
CHAP CXXu.
An Act to regulate and secure the safe-Keepine
ofpublic Money intrusted to Discussing om
cefs of the United States.

An Act to regulate and secure the Safe-keeping
ofpublic Money intrusted to Disbursing VI"
GERS Of tile United States.
Belt enacted 10y the Senate and House OF. ne
nresfntatives of the United States OF America In
Congress assembled, That from and after the pas
SAGE of this act it shall be the dirty OF every dls
bursting officer of the United states paving any
TO deposit the same with the treasurer or some
one of the assistant treasurers OF the Cnlted
States and to draw for the same only as IL may oe
reonired for payments to be made by him in pur-
suance of law and all transfers from the treasury
of the United States to discussing officer shall
HI. nv draft or warrant the treasury or an asss-
tant treasurer of the United States: Provided,
That in places where there is no treasurer nor as
sistant treasurer of the United States, the Secre-
tary of the Treasury may, hen lie deems 1t es-
sential to the public interest," specially authorize
in writing the deposit of such public money in
any other public depository, or, in writing, au-
thorize the same to be kept in any other manner,
and under such rules and reguiacons as ne may
deem most safe and effectual to facilitate the pay
ments public creditors.
Sec. 2. And be il further enacted, mat II any
disbursing officer of the United States shall de-
post any public money intrusted to him IN any
place or in any manner, except as authorized 10y
law or shall convert to his own use in any way
Whatever, shall loan, with or without interest,
or shall for any purpose not prescribed ny law
Withdraw from the treasurer or any assistant
treasurer, or any authorized depository, or shall
for any purpose not prescribed by law transfer or
tn him. every such act Shall be deemed and ad-
Judged an embeZzlcment of the money so deposl-
ted converted, used, loaned, withdrawn, trans
ferred or applied and every such act is hereby
declared felony, and upon conviction thereof
shall be punished by Imprisonment for term not
less than one year nor more than ten years. or by
fine not more than the amount embezzled nor less
thai one thousand dollars, or by both such hne
aud Imprisonment at the direction OF the court.
SEC. Rs. And be it further enacted, That ifany
banker, broker, any person, not an authorized
depositary of public moneys, shall knowingly re-
ceive from any discussing officer, or collector of
internal revenue, other agent of the United
States any public money on deposit or by way of
loan or accommodation, with or without interest,
or otherwise than in payment of debt against
the United States shall use, transfer, convert,
appropriate or apply any portion of the public
money for any purpose not prescribed by law; or
shall counsel, aid, or abet any discussing officer
or collector of internal revenue or othe agent of
the United States in so DOING ev,ry such act shall
be deemed and adjudged an embezzlement OF the
money deposited, loaned, transferred, used,
converted, appropriated, or applied; and any
president cashier. teller, director other officer
Of any bank or banking association who shall VIC
late any of the provisions of this act shall be
deemed and adjudged guilty of embezzlement of
public money, and punished as provided in Sec
ton two of this act
Approved, June IA, 1866.