The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1891-07-04

y
warehouse receipt, and the pay
ment in. lawful money Of the
United States of the same amour,
originally advanced by the sub.
treasury against the product, and
each further amount as may be
necessary to discharge all interest
that may have accrued against the
advance Of money made on the
deposit of produce, and all insur-
ance, warehouse and other charges
that attach to the product for ware.
housing and handling. All lawful
money received at the sub-treasury
as a return of the actual amount Of
money advanced by the govern
ment against farm products as
above specified shall be returned,
with full history ofthe 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-treasury
that receives a warehouse receipt
as above provided, together 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 for the de-
livery of the cotton, grain or tobac-
co. as the case may be, and the
secretary Of the treasury shall pro-
vide for the adjustment between
of all charges.
Sec. 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 respon-
of each of the managers of
sub-treasuries (proyided that the
salary of any manager of sub
treasury shall not exceed the sum
of 81 500 per annum), holding the
managers Of sub.treasuries person.
ally responsible on their bonds for
weights and classifications of all
produce, providing for their rejec-
ton Of understandable grades of
cotton, grain or tobacco, of 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 placed 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 reim-
bursement of the sub-treasury of
the amount originally advanced,
together with all charges, and, Sec
ond, 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 his warehouse
receipt. The secretary of the treas
ury shall 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 treasury, when
section l Of this act shall have
been complied with, to cause to be
erected. according to the laws and
surtoms governing the construc-
ton of government buildings, a
suitable sub.treasury building, with
such warehouse or elevator facili-
ties as the character and amount Of
the products of that section may
indicate as necessary. Such build
lngs shall be supplied with all
modern conveniences for handling
and safely storing and preserving
the products likely to be deposited.
Sec. 8. That any gain arising
from the charges for insurance,
weighing, storing, chasing, hold.
ing, shipping, interest or other
charges, after paying all expenses
Of conducting the sub.treasury,
shall be accounted for and paid
into the treasury of the United
States.
Sec. IL. The term of Office of a
manager of a sub-trcasury shall be
Two years, and the regular election
10 fill such Office shall be at the
same time as the election for mem.
bers Of the house Of representatives
IF the congress of the United.States.
In case of a vacancy in the Office
Of manager OF the sub-treasury Nv
death. resignation or otherw;se