The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1892-01-15
THE SUB : TREASURY
Continued from page 1.

OOhu'uO" AlOh P"So -
warehouse receipt and the payment
in lawful money of the United States
of The same amount originally
advanced by the sub-treasury against
the product. and such further amount
as may be necessary to discharge all
interest that may have accrued against
the a Vance Of money made on the
deposit of produce and all insurance,
warehouse and other charges that
attach to the product for warehouseing
and handling. All lawful money re-
ceived at the sub-treasury as return
of the actual amount of money
advanced by the government against
farm products as above specified shall
be returned with full report of the
transaction, to the secretary of the
treasury, who shall make record of the
transaction and cancel and destroy the
money SO returned. A sub-treasury
that receives a warehouse receipt as
above provided, together with the re-
turn of the proper amount Of lawful
money and all charges as herein provi-
ded, when the product for which it is
given is stored in some other sub-treas-
ury, shall give an order on such sub
treasury for the deliverance of the
cotton, grain, or tobacco, as the case
may be; AID the secretary Of the treas
ury shall provide for the adjustment
between tne sub.trasury Of all charges.
Section Z. The secretary of the
treasury shall prescribe such rules and
regulations as are necessary for gov
erning the details of the management
of the sub-treasury, fixing the salary,
bond and responsibility of each of the
managers Of the sub-treasur es (provi-
ded that the salary of any manager Of
a sub-treasury shall not exceed the sum
of $1,000 per annum,) holding the
managers of sub-treasures personally
responsible on their bonds for weight
and classiffcations Of all produce,
providing for the rejection OF unmer-
charitable grades of cotton, grain or
tobacco, or for such as may DO in bad
conditions; 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 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
va need, togetherwith all charges; and
second, the balance shall be held on
deposit for the benefit of the ware
house receipt, who shall be be entitled
to receive the same on the surrender of
his warehouse receipt. The secretary
of the treasury shall also provide rules
for the duplication of any paper in
case of loss or destruction.
Section s. It shall be the duty of the
secretary of the treasury, when section
l of this act shall have been complied
with to cause to be erected according to
the laws and customs governing the con-
struction of government buildings, a
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 conyeniences for handling and
safely storing and preserving the pro-
duets likely to he deposited.
Section 8. That any gam arising from
the charges for insurance, weighing,
storing, CHASING, holding, shipping, in
terest or other charges, after paving all
expenses of conducting the sub-treasury
shall be accounted for and paid into the
the treasury of the United States.
Section 10. The term of office for
manager of 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 congress of the
United States. In case of Il vacancy IN
the office of manager of the sub-treasury
by death, resignation, or otherwise. the
secretary of the treasury shall have
power TO appoint manager for the UNI
expired term.
Section IL. The sum of fifty millions
of dollars, or so much thereof as may be
found necessary to carry out the provi-
sIOns of this act, is hereby appropriated
out of any moneys in the treasury not
otherwise appropriated, for that purpose.
Section u. That so much of any or
all other acts as are In conflict with the
provisions of this act are hereby repealed.