The advocate., 1890-04-16

charge all interest that may have accrued
against the advance Of money made on the
deposit Of produce and all insurance, ware
house and other charges that attach TO the
product for warehousing and handling. All
lawful money received at the sub-treasury
as 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
tho Secretary of the Treasury, who shall
make record OF the transaction and cancel
and destroy the money 30 returned. A sub
treasury that receives n warehouse receipt 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 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
treasures of all charges
SEo. z. The Secretary Of the Treasury
shall prescribe such rules and regulations as
are necessary for governing the details Of
the management Of the sub-treasuries, fixing
the salary, bond and responsibility Of each
of the managers Of sub-treasuries (proyided
that the salary Of any manager Of q sub
treasury shall not exceed the sum Of S1,50O
per annum), holding the managers Of sub
treasures personally responsible on their
bonds for weights and classihcations OF all
produce, providing for the rejection Of un-
merchantable grades Of cotton, grain or to-
bacco, or for such as may be in bad condi-
tion; and shall provide rules for the sale at
public auction of all cotton, corn, oats,
wheat or tobacco that has been placed on
deposit for q 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 adj
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.
SEC. 8. Il 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.
SRo. 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-
ducting the sub-tre0sury, shall be paid into
the treasury Of the United States.
SEQ. 10. The term Of Office for manager
OF q sub-treasury shall be two years, and the
regular election to ill such office shall be at
the same time as the election for members
Of the House Of Representatives of the Con-
Rress of the United States. In case of va
cancy in the office of manager of tho 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 IL. The sum Of fifty millions OF dol
lars, or 80 much thereof as 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.
SEQ u. That 80 much OF any or all other
acts as are in conflict with the provisions of
this act are hereby repealed.