The advocate., 1890-03-13


house and other charges that attach TO the
product for warehousing and handling. All
lawful money received at the ub-treasury
as return of the actual amount of money
advanced by the Government against farm
products az above specified, shall be return
ed, with full report of the transaction, 10
the Secretary Of the Treasury, who shall
make record OF the transaction and cancel
and destroy the money 30 returned. A sub
treasury that receives a warehouse recent as
above provided, together with the return OF
the proper amount of lawful money and all
charges as herein provided, when the pro-
duct for which IL 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
treasures Of all charges.
SEo. T. The Secretary Of the Treasury
shall prescribe suoh rules and regulations as
are necessary for governing the details of
tho managementof Of tho sub-treasuries, fixing
the salary, bond and responsibility of each
OF the managers OF sub-treaNries (provided
that the salary OF any manager Of sub
treasury shall not exceed the sum OF q, 800
per annum), holding tho managers Of SUBJ
treasures personally responsible on their
bonds for weights and classihoations OF an
produce, providing for the rejection of un-
merchantable grades Of cotton, grain or TO-
bacco, or for such as may bo in bad Condi-
tion; and shall provide rules for the sale al
public auction OF all cotton, corn, oats,
wheat or tobacco that has been placed on
deposit for a longer period than twelve
months after due notice published. The
proceeds of the sale of such product shall be
applied, first, TO the reimbursement TO the
sub-treasury Of the amount originally ad-
vanced, together with all charges; and, Sec
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 re-
Ceipt The Secretary Of the Treasury shall
also provide rules for the duplication Of any
papers in case of loss or destruction.
SHo. 8. II shall be the duty Of the secre-
tary Of the Treasury, when section of this
act shall have been complied WITH TO cause
to be erected, according TO the 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 the
products Of that section may indicate as
necessary. Such buildings shall be supplied
with all modern conveniences for handling
and safely storing and preserving the pro-
ducts likely TO be deposited.
SEC. 8. That any gain arising from the
charges for insurance, weighing, storing,
CHASING, holding, shipping, interest or other
charges, after paying all expenses Of con-
Quoting the sUb-treaury, shall be paid into
the treasury of the United States.
SEo. TO- Tho term Of Office for manager
Of a sub-treOsury shall be two years, and che
regular election to all such Office shall be AZ
the same time as the election for members
Of the House Of Representatives Of the Con-
gress Of the United States. In case Of a 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 une1-
piFed term.
sBo. III. The sum Of ifty millions OF dol
lars, or 80 much thereof Os may be found
necessary TO carry out the provisions Of this
act, ishereby appropriated out Of any moneys
in the treasury not otherwise appropriated,
for that purpose.
SEo. u. That 30 much Of any or all other
acts Ss are in cOnAiCt with the provisions Of
this act are hereby repealed.