The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1890-12-02

r cOrd-of the TRANSACTION ana Cancel
and destroy the money so returned.
A Sub Treasury that receives a ware
house receipt as above provided, to-
gether with the return of the proper
amount of lawful money and all
charges as herein provided, when the
product for which it Is given IS stored
in some other Sub Treasury, shall
give an order on such other Sub
Treasury for the delivery OF the cot
ton, grain or tobacco, as the case may
be-, and the Secretary of the Treasury
shall provide for the adjustment be,
tween Sub treasures of all charges.
Sec. 7. The Secretary of the Treas,
ury shall prescribe such rules and
regulations as are necessary for gov
erning the details of the management
of the Sub-Treasuries, fixing the salary,
bond and responsibility of each of the
managers of sub Treasures Crowded
that the salary of any manager of a
Sub Treasury shall not exceed the
sum of $1,000 per annum0 holding
the managers of Sub Treasures per
sonally responsible on their bonds for
weights and classification of all pro
duce, providing for the rejection of
understandable grades of cotton,
grain or tobac %, or for such as may
be in bad condition; and shall provide
rules for the sale at public auction Of
all cotton, corn, oats, wheat or tobacco
that has been pla led on deposit for a
longer period than twelve months,
after due notice published. The pro
ceeds of the sale of such product shall
be applied, first, to the reimbursement
to the Sub Treasury of the amount
orr yinally advanced, together with all
charges, and second, the balance shall
be held on deposit for the benefit of
the holder of the warehouse receipt,
who shall be entitled to receive the
same on the surrender of the ware.
house receipts. The Secretary of the
Treasury shall also provide rules for
the duplication Of any papers in case
of loss or destruction.
Sec. 8. 1t shall be the duty of the
Secretary of the Treasury, when sec,
ton l of this act shall have been com
piled with to cause to be erected, &c
cording to the laws and customs gov
erning the construction Of govern
ment buildings, a suitable Sub Treas
ury building, with such warehouse or
elevator facilities as the character and
amount Of products of that section
may indicate as necessary. Such
buildings shall be supplied with all
modern convenieDces for handling
and safely storing and preserving the
products likely to be deposited.
Sec. 9. That any gain arising from
insurance, weighing, storing, CHASING,
holding, shipping, interest or other
charges, after paying all expenses Of
conducting the Sub Treasury, shall
De accounted for and paid into the
Treasury OF the United States.
Sec. 10, The term of Office of a
manager of a Sub-Treasury shall be
two years, and the regular election to
fill such Office shall be at the same
time IS the election for the members
of the House of Representatives of the
Congress of the United States. In
case of a vacancy in the Office of
manager of the Sub Treasury by
death, resignation or otherwise, the
Secretary of the Treasury shall have
power to appoint a manager for the
unexpired term.
Sec. II. The sum of fifty millions
of dollars, or so much thereof as nav
be found necessary to carry out the
provisions of this act, is hereby appro
priated out of any moneys in the
Treasury not otherwise appropriated
for that purpose.
Sec. II. That so much of any or all
other acts as are in conflict with the
provisions of this act are hereby re,
pealed.
RESOLUTIONS.