The Magnolia gazette. [volume] (Magnolia, Miss.) 1872-current, 1891-04-11

house receipt herein provided tor,
either at the Sub-Treasury in
which the product is deposited,
or at any other Sub-Treasury by |
the surrender Of such warehouse
receipt and tho payment IN lawful
money of the United States Of
the same amount originally adj
yanced by the Sub-Treasury
against the product, snd such
further amount as may be neces-
sary to discharge all interest that
may have accrued against the adj
vance ofthe money made on the
deposit of pSoduce, and all insur-
ance, warehouse and other charges
that attach to the product for
warehonsing and handling. All
lawful money received at the Sub
Treasury as return of the actual
amount of money advanced by
the government against farm pro-
ducts as above specified shall be
returned with full report of the
transactions to the Secretary of
the Treasury, who shal make
record OF the transactions 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 ail charges
as herein provided, when the pro-
duct for which 1t Is given Is stored
10 some other Sub Treasury, shall
give an order on such Sub Treas
ury for the delivery of the cot
ton. grain or tobacco, as the case
may be, aud the Secretary of the
Treasury shall provide for the
adjustment between Srb-Treas-
urles of all charges.
Sec. Z. The Secretary of the
Treasury shall prescribe such rules
and regulations as are necessary
Tor governing the details of the
management of the Sub-Treasurles
fixing the salary bond and respon-
sibility of each of The managers
of Sub Treasures (provided thai
the salar, Of anv manager OF
| Sub Treasury shall not exceed the
sum of 81 SOC per annum) aold-
ing the managers of Sub-Treas-
uries personally responsible ON
their bonds for weights and class
ifications of all produce, provid-
ing Tor the rejection OF uHmer-
chantable goods of cotton, gram
or tobacco, or for such as may be
In bad condition; and shall pro-
vids rules for the sale At. public
aucti IN of all cotton, corn, oats,
wheat or tobacco that has besn
placed on deposit for n longer
period than twelve months, after
due notice published. The pro-
, cccds OF the sale Of such product
shall be applied, FIRST. to the re-
!. endorsement to the Sub-Freasury
II the amount originally advanced
/ together with all charges, and
second, the balance shall be held
On deposit for the benefit Of the
i holders of the wal ehouse receipts
/ who shall be, entitled to recover
the same on the sUrrender of the
T warehouse receipt. The Secre-
3 tary of the Treasury shall also
J provide rules for the duplication
r Of any papers in. case of loss or
obstruction.
: Sec 8. II shall be the duty Of
: the Treasury, when sec.len l of
a this act shall have been complied
r with, to cause to be erected, ac-
cording to the laws and customs
) governing the coustl ietion of gov
: ernment buildings, a suitable Sub
9 Treasury bnildlng, with such
/, warehouse or elevator tacilities
B ~ the character and amount of
I the products of that section may
e indicate as nrcessary, Such build
: ings shall be applied with al
modern cpnvsnlences for hand
t ling and safely storing and pre-
(, serving the products likely to be
3 deposi ed.
: Sec. Q. That any gain arisIns
frem the charges for Insurance,
weighing, storing, chasing. hold
Ing, shipping, interest or othel
charges. after paving all expenses
E If conducing the Sub Treasury
shall be accounted for and paId
: into the treasury of the United
a s2tes-
s Ssfe &c. 1G. The term Of Office Of
Sub- Tresess> .-bsII be two
s'age and D. F. .,;a. !,