The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1874-01-17

tiers at sub-depositories responsible,
upon their official bond, for all depos-
its and postal savings funds in their
possession; Section IL permits the ap-
pointment, by postmasters, Of substi-
tutes in certain cases, by permission
of the Postmaster General; Section
II authorizes the Postmaster-Gcneral
to permit the deposit of funds by post
masters in designated national bank
repositories. Section ID requires daily
reports from postmasters. Section IA
provides for the settlement by the
Postmaster General of disputes be-
tween depositors and postmasters, or
between claimants for moneys on de-
post.
Section Is authorizes payments and
transfers of funds to be made by the
Postmaster-G General. Section Is re-
quires postmasters to make quarterly
returns of postal savings business, for
ment of their accounts.
Section II authorizes the Postmas-
ter-General to make and alter regula-
tons for experimenting, inspecting
and regulating the mode of keeping
and examining accounts of deposit
tors, and in respect to other matters
appertaining to the postal savings
business.
| Section 10 provides for the necessa
ry clerical force at the central Office;
for payment to postmasters of a COM
mission of three -eighths of one per
cent. on deposits received by them,
the same to be full compensation for
all labor performed by them or by
their assistants; also provides for nec-
essary allowances for stationery and
incidental expenses. Section 10 pro-
vides for six additional employees in
the office of the Auditor of the Treas
ury for the Post-Office Department
for the purpose Of auditing and set
Ting the accounts of postmasters I'M
der the provisions of this act" Sec
ton 20, "that the Postmaster-Genera
shall include in his annual reports a
summary statement of the transactions
of the Postal Savings Depository of
the United States" Section q pro-
vides that all postal savings moneys
and deposits shall be deemed and
. taken to be postal savings funds and
moneys in the Treasury Of the United
States" &c; that they shall be forth
, with paid over to the Treasurer of the
United States, or to some officer of
/ the Treasury, to be designated by
him; that the Treasurer shall open a
! Postal Savings Depository account"
that the Postmaster-G General may, by
draft on the Treasurer, withdraw such
8 funds when necessary for the service
e of the Postal Savings Depository; that
) the United States Treasury shall al
: low to the Postal Savings Depository
q annum on all monthly balances Of
b Postal Savings funds to the credit Of
e said Postal Savings Depository ac-
y count, and permits the Postmaster
/ General to authorize certain reserve
e to be held by postmasters to meet de-
t mands of depOsitors. Section % pro-
s vides that the net revenue arising
r from the transactions of the Postal
f Savings Depository shall be placed tc
: the credit of the Treasurer of the
: United States for the service of the
G Post-Ofice Department, and that
! losses, if any, shall be made good on,
of any moneys in the Treasury to the
: credit of said Department. Sector
2 @ provides that fine not exceeding
S SlO may be imposed on postmaster
e for failure to make returns. Sector
: "a makes it misdemeanor for post.
), masters or employees to divulge the
n names Of depositors, or the dates OF
: amounts of deposits on Withdrawals
Sections Is, 26, and q provide for the
o punishment of employees, &c., for false
it entries, forgery, and embezzlement
e Section %, that prosecutions 70,
# crimes and misdemeanors embraced
within the provisions of this act ma,
3 be commenced within FIVE years mex
II following the cause of such action, Of
l. the Preparation of such crime or mis-
'- demeanor." Section q, "that in al
|: matters appertaining to the subject O
d this act, not therein provided for, anC
e not in conflict Herewith, the provis
ions of the general postage and othel
d laws of the United States in force fo]
: the time being, shall be held to an
il ply" Section 30 appropriates q
j. much Of the sum Of $4,000 as may b,