The Camden chronicle. (Camden, Tenn.) 1890-current, 1890-08-22

tobacco deposited In the sub-treas-
ury under the provisions of this
act may be redeemed by the holder
of the warehouse receipt herein
provided for, either at the sub
treasury in which the product is
deposited or at any other sub-treas-
ury, by the surrender of such ware
house receipt and the payment in
lawful money of the United States
of the same amount originally adj
vanced by the sub-treasury against
the product, and such further
amount as may be necessary to
discharge all interest that may have
accrued against the advance Of
money made on the deposit of pro-
duce, and all insurance, warehouse
and other charges that attach to
the product for warehousing and
handling. All lawful money re-
ceived at the sub-treasury as a re-
turn of the actual amount of money
advanced by the Government
against farm products as above
specified shall be returned with q
full report of the transaction to the
Secretary of the Treasury, who
shall make record of the transac-
ton and cancel and destroy the
money so returned. A sub-treas-
ury that receives a warehouse re-
ceipt as above provided, together
with the return of the proper
amount Of lawful money and all
changes 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
cotton, grain, or tobacco, as the
case may be, and the Secretary Of
the Treasury shall provide for the
adjustment between sub-treasuries
of all charges.
Sec. 7. That the Secretary of the
Treasury shall prescribe such rules
and regulations as are necessary fol-
governing the detail of the man.
agement of the sub-treasuries, fix.
ing the salary, bond, and RESPONSE.
bility of each of the managers oil
sub-treasuries: Provided, that the
salary of the managers of the sub
treasures shall not exceed the sun
of 81, 500 per annum; holding the
managers of sub-treasuries person
ally responsible, on their bonds
for weight and classification of al
produce; providing for the rejec
ton of understandable grades O
cotton, grain, or tobacco, or fo1
such as may be in bad condition
shall provide rules for the sale, a
public auction, of cotton, corn
oats, wheat, or tobacco that ha
been placed on deposit for longe
period than twelve months afte
due notice published. The pro
ceeds of the sale of such produc
shall be applied: First, to the re
endorsement of the sub-treasury o
the amount originally advanced, to
gether with all charges; and, sec
: ond, the balance shall be held Of
deposit for the benefit of the holde
of the warehouse receipt, who shall
be entitled to receive same on tn
} surrender of his warehouse receipt
The Secretary of the Treasurysha
also provide rules for the duplica
: ton of any papers in case of los
| or destruction.
5 Sec. s. That it shall be the dut
of the Secretary of the Treasury
l when section one of this act sha
have been complied with, to caus
! to be erected, according to the law
| and customs governing the COZ
struction of Government building
S a suitable sub-treasury buildin
with such warehouse and elevi
] tor facilities as the character an
C amount of products of that sectio
4 may indicate as necessary; sue
: building shall be supplied with a
t modern conveniences for handlin
and safely storing and preservin
y the products likely to be deposite'
Z, Sec. 8. That any gain arisir
S from the charges for insuranc
S weighing, storing, chasing, han'
: ling, shipping, interest or 9th,
it charges, after paying all the e
l, penses of conducting the sub-trea
It ury, shall be accounted for al
II paid into the Treasury of the Ur
rs ted States.
le Sec. 10. That the term of off
d for a manager of a sub-treasu
III shall no two Uaarc and tho rno111