The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1874-01-17

number Of population, from each Of whicl
) two members ot the said board shall b
: elected OF appointed, and when a vacancy
shall occur in said board by the expiration
of the term Of Office, resignation, death Of
otherwise such vacancy shall be filled by
the election or appointment Of member
from the district in which such vacancy
shall occur. The members of said board,
except the Secretary of the Treasury, shall
hold their office for term Of ten years, II
for 80 long they shall continue C. efficient
IN md faithfully perform the duties there-
81 Provided tina; the term OF office OF two
members % the first board shall expire ut
tn, end N one year To he determined ny
letl and two AZ the end If each succeeding
wear.
-. > Ana bv Il further enacted that
r., Y,crs.,n shall ~ elected or appointed IN
U >,tS h,ar,i. Who. at the time It his election
7 .,r spl,,iutrrnt. shall bc the holder Of any
e., ,F honor pr,tt. 81 trust under tho
n.t,5nsl government an othcer "r s'"'N
holder m any hank oy banking SSS'''i"'i,,
Chartered hy STATE ~ nSti''hSi "a" vs.
,.,rt,r ~ farvlSn products ~ "i"''''"
rtir,,S a member ~ 'r Hh'N''1
~, p,r Shall ~ become Interested in
these fiF ailN tAhNl thNAbNco hliASN WI
rulsrrd to interfere with the impartial and
faithful discharge of the duties Of his of
nee during his continuance therein. Be
fore entering upon the discharge Of the
duties II thyu office the members shall
each give Il the United States a bond IN
the penalty ~ such sum as Congress may
determine conditioned for the faithful
performance Of his duties as y member Of
said board, and shall take and subscribe to
the oath ~ office prescribed hv the Constr
tutluu N the United States. and IN add
tlou thereto that he is a resident of the dis
trlct for which he may have been elected or
appointed. and that he is not the holder Of
any office under the United States. an Of
tioer or stock holder in any bank or bank
Ing association chartered by State or Ma
tional law or directly interested IN any Of
the business pursuits before mentioned.
ana that he viii not become - interested
during his continuance IN said office.
Further. that he will not recommend or
vote for the employment or removal from
office II any clerk. officer. agent or employee
under the said board on account II his pc
Etcal sentiments or for personal consider
atoms. and that he viii not use the milu-
ence of his position As a member II said
board for he ar ancement Of any political
party.
SEC. 3 And be 1t further enacted. that
when thus qualified, the members az the
board may organize by electing one Of their
number vIce-presldent. who shall perform
the duties II president in the absence II
the Secretary Of the Treasury, and by APP
Z 70 H.
| Who shall Keep a true record of the pro
/ ceedIngs and dolngs Of the board At all
/ stated or called meetings Of the same, and
perform such other duties as the board
may prescribe. A majority Of the members
I oi the board shall constitute quorum for
II the transaction Of business. but no order
or resolutions shall be passed unless APP
I proved by majority Of the whole board.
\ The members Of the board shall receive
annually salary Of s., payable
monthly. and in addition thereto, their ac-
tual expenses when travelling on business
connected with the duties Of their Office
So, 4 And be it further enacted, that the
board uf management of the currency and
revenue be- and it is hereby charged with the
execution Of this and all other laws Of
| Congress. relating "a the fiscal affairs Ut
the government. and for this purpose II is
authorized to make such division Of the
business. to establish such separate bureaus
and otherwise systematic the business Of
the department as a majority Of the mem
bers may deem necessary t. facilitate the
transaction thereof to employ and have
the oversight and direction Of all clerks
officers, agents, and employees connected IN
any capacity with the assessing, collecting.
safe keeping and disbursing Of the nation
al revenue the issuing and regulation Of
the national currency, and the manage
ment and liquidation Of the public debt.
And the salaries Of the members of the
board, and all other expenses necessarily
incurred in the conduct and management
of the business committed to its charge,
shall be included with and paid in the same
manner as the other current expenditures
Of the government.
SEC ). And be it further enacted that
the said board shall cause to be kept a rec
ord Of the business and doings thereof,
and Of the bureaus established under IT,
and to make an annual report thereof to
! Congress, showing the amount Of revenue
collected, the source from which derived,
and the purposes for which the same was
disbursed, with recommendation Of such
changes III the currency and revenue laws
as the board may deem necessary to the
/ improvement of the system also to make
such monthly OF quarterly statements Of
| the condition Of the currency and finances
\ as Congress may direct.
(TO RE CONTINUED