The advocate., 1890-04-23

charge al interest that may have accrued
against the advance Of money made on the
deposit Of produce and all insurance, wars-
house and other charges that attach 10 tho
product for warehousing and handling ALI
lawful money received AT tho sub-troasury
az a return Of the actual amount OF money
advanced by the Government against farm
products as above specified, shall be return
cd, with full report Of the transaction, 10
the Secretary OF the Treasury, who shall
make a record Of the transaction and cancel
and destroy the money 20 returned. A sub
treasury that receives a warehouse receipt 0s
above provided, together with the return OF
the proper amount OF lawful money and all
charges az herein provided, when tho pro-
duct for which II is given is stored In somO
other sub trcasury, shall give an order on
such other sub-treasury for the delivery Of
tho cotton, grain or tobacco, as the case may
bo, and tho Secretary of the Treasury shall
provide for the adjustment between sub
treasures OF all charges.
SEc. z. The Secretary OF the Treasury
shall prescribe such rules and regulations az
are necessary for governing the details OF
the management Of tho sub-treasurios, fixing
the salary, bond and responsibility OF each
OF the managers of sub-treasuries (provided
that the salary OF any manager OF a sub
treasury shall not exceed the sum of 81 800
per annum), holding the managers Of SUBJ
treasures personally responsible on their
bonds for weights and clasBiRCRtons OF oil
produce, providing for the rejection Ofun-
merchantable grades Of cotton, grain or TO-
bacco, or for such as may be In bad condi-
tion; and shall provide rules for tho sale al
public auction OF all cotton, corn, oats,
wheat or tobacco that has been placed on
deposit for longer period than twelve
months aftor due notice published. The
proceeds of the sale OF such product shall bS
applied, hrst, TO the reimbursement 10 The
sub.treasury of tho amount originally ad
vanced, together with all charges and, 500
ond, the balance shall beheld on deposit for
the benefit of the holder OF the warehouse
receipt, who shall be entitled TO receive the
same on the surrender OF his warehouse 70
ceipt The Secretary Of tho Treasury shal
also provide rules for the duplication Of any
papers in case Of loss or destruction.
SEC. 8. II shall be tho duty Of the Sooro-
tary Of the Treasury, when section of this
act shall have been complied with, 10 cause
to bo erected, according TO tho laws and GUS
toms governing the construction OF Govern
ment buildings, suitable sub-treasury
building, with such warehouse or elevator
facilities as the character and amount Of thS
products of that section may indicate 40
necessary. Such buildings shall be supplied
with all modern Convenionces for handling
and safely storing and 9serving tho pro-
ducts likely TO bo deposited.
SIC. o. That any gain arising from the
charges for insurance, weighing, storing,
Classing holding, shipping, interest or otheE
charges, after paying all expenses Of con-
ducting the sub-troasury, shall bo paid into
the treasury OF the United States,
SEC 10. The term OF Office for manager
Of a sub-treasury shall be two years, and the
regular election TO an such Office shall be az
the same time as the election for members
OF the House of Representatives Of the Com
gress of tho United States. In case Of q va
cancy 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 unex-
pired term.
SEo II. The sum Of ffty millions Of dol
lars, or 30 much thereof ms may DO found
necessary to carry out the provisions Of this
act, ishereby appropriated out OF any moneys
for that purpose.
SRc 10. That 30 much Of any or oil other
acts as are In conflict with the provisions u
this act are hereby repealed.