People's party paper. [volume] (Atlanta, Ga.) 1891-1898, 1893-05-12

four per centum interest thereon
from the time issued, taking from
such person receipt for same which
he shall preserve as a voucher. at
the expiration of twelve months
from the date of said certificate the
said postmaster shall, in writing,
notify the said deputy, who issued
the same, of that fact and of the
failure to redeem said certificate.
Whereupon sale of the produce
shall be made as hereinbefore pre-
scribed. The said postmaster shall
deliver to said deputy said certificate
upon payment of principal and IN
terest due upon such money-order'
Such certificate shall then be re-
tanned by the said deputy as his
voucher. Should the proceeds OF
sale of such produce be insufficient
for that purpose, then said post
master shall give to said deputy
statement in writing of the sum due
on such money-order and a receipt
for the sum actually paid. In such
case said receipt is his voucher. Such
payment shall then be entered by the
postmaster as a credit upon such GER
tifcate, and he shall at once enter
suit against the payee of such money
order to recover the balance due.
Should collection be had then, the
additional sum shall be credited to
the payee of the order by the post
master and the certificate surren-
dered to such payee or his legal rep
resentative, in all cases taking a
receipt for said certificate; but In no
case shall such postmaster retain
SAID certificate after the amount due
on such money-order shall have
been paid. Said retention is hereby
declared violation of his bond, for
which he shall be liable at the suit of
the person aggrieved.
Sec. 8. That the Postmaster-G Gen
eral shall make official statement to
the Secretary of the Treasury each
week of the sums required to meet
said money orders. He shall base
his estimates upon the reports Of the
pOstmasters as hereinbefore pro-
Yided for. He shall also cause sepa-
rate record to be kept of money
orders of this class and of payments
thereon, and of the expenses con-
nected Herewith. He shall, in his
annual reports, make full statement
of this branch of the service, show
ing the expenses Of this department,
the amounts of such orders issued,
the amounts paid, the amount of
profits to the Government or other
wise. All the salaries herein pro-
vided for, as well as the necessary
OUTLAWS for printing, stamping and
issuing the Treasury notes shall be
considered part of the expenses.
Sec. 8. That it shall be the duty
of the Secretary of the Treasury to
cause to be printed and issued Treas
ury notes of the United States in
denomination from one to twenty, in
the form and material of the national
currency commonly called green
backs, and in such sums as may be
required by the Postmaster-G General
to meeO the money-orders as afore-
said. These notes he shall cause to
be delivered to the Postmaster Gen
eral as he may require. They shall
be a full legal tender for all debts,
public and private. AS payments
are made by redemption of said GER
tifcates the Postmaster General shall,
after deducting all expenses on &C
count of the money orders in his
Department, pay over the balance
monthly to the Secretary of the
Treasury.
Sec. 10. That the sum total of the
post office money-orders provided
for In this act shall at no time ex-
coed one hundred million dollars in
excess of the sums paid in on &C
count of same by persons redeeming
their certificates, When such limit
is reached the Postmaster General
shall cause the issuance of such
money orders suspended until pay
ments upon this account shall have
reduced the sum outstanding below
the said limit, of which notice shall
be given by the Postmaster General,
and the issuance of said orders re-
sumed.
Sec. II. That the Secretary of the
Treasury shall keep a separate &C
count Of the notes issued by him for
the purposes herein specified and of
the repayments made to him by the
Postmaster General on account there
of, and he shall be authorized to can
eel and retire of the said Treasury
notes from time to time an amount
equal to the repayments made to him
by said Postmaster General.
Sec. II. That the Secretary of the
Treasury shall cause to be kept an
account of the expenses incurred by
reason of the issuance and cancella-
ton of said notes, and shall make
report of same in his annual report.
Sec ID. That any postmaster who
shall knowingly and willfully make
false returns of the issuance of such
money-orders, or shall embezzle any
repayments of same, or shall issue
same in violation. of this act shall