Newspaper Page Text
TlfE iDEPENDKNT "TI1KASUUY I!ILL,
AS INTr.ODrCF.J) , in the Senate of the United States by Me. Wright -of Nev York, Jan . 10, 1S3G A HILL toimnose additional duties, as depositories upon certain public' officers ... to appoint Receivers Genera of public Money, and to regulate the safe-keeping transfer,. and disbursement of the pub- lie moneys of the United Slates. z" I Co it enacted by the Senate and HouscyfJ Jm J . "I r rr.rr,cnnfn;vps of the United States ol I America in vonerv:Ba u"u,iu;,-u! . . 3A yTT?ix WHEN THE PEOPLE' CEASI1 TO THINK TOM THEMSELVES, THEN THEIR L1BKRT1KS .ARE GONE. ' CLINTON, MI. TUESDAY, DECEMBEU 11, 1838. vmencu m v,.e.- . j ...,nV rcgula'ion ot the treasury Ue- Ubere shall be prepared and provided w, l.inb r - - d . conformity hi; end yithc new iruafcurj uuuu. ,','-., ,0(lo and perform all acta and duties ?t the scat of Government, suitable ami i ljy !irection of nnv of vconvenicntrcKHmforlheuse of tho 1 rca- rcu-,ivo departments of the Gov urercf the United State?, his assistants ; t aa cn'fs for ,,avin? Mention., find clerks, and suttic.ent. and secure lire - -y ijsUscment proof vaults and safes, for the keeping o ; ilhpr"of lhJe lie:l(:5 of ,hc8e Ipp;m ll.e public moneys in the possession, m ' )C irC(, ,,v -,aw to mak .mdnrthe immediate control ol the said nrn ,lf' in hn mfw, keen all the moneys wluc.i : Vomc l his hands in the J rensury of the 'iTTniied States, hereby constituted, until .V,i,cmfl arc drawn therefrom acenrtun ) law. Sec. 2. And le it further enacted, osi And be it further enacted, That fieasurcr of the United States, the r.r . -rer of the Mint of the United Sntcs, the Treasurer of the.J3ranch Mint t New Orleans, and the Receivers Gen era! of Public Money hereinbefore directed to Le appointed, shall, respectively, give 'bunds to the United States in such furm, a n. I for such amount?, a? shall be directed ,y the Secretary of tho. Treasury, by rnd with the advice end consent of the 'President; with sureties to the satisfaction !a' ih,- Solicitor of the Treasury: and That the Mint of the United Slates in me Irity of Philadelphia, in the State of Penn sylvania, and the Branch Mint in tliccity New Orleans, in the State ol Louisnuia 4nd the vaults r.nd safes thereof respec tively,shall bo places of dcposite and sa.c peeping ot the P,, iljVom time to time, renew, strengthen iK l . J . t - vr,1U Mint r,.nec-:md increase, tiieir iniciai w.iuis, as ino ,thesaid Mint and I, raw h j ot h sj ,rc . f , Treagurv :vitht!,econ- l.:..t.. i r,r tt.o tir-.f! Leinr'. shall iia e tue -f -. ........ a im j motive (V-- 'eatot I ;c I'resident may curcci; any iv 4ri-todv and care f't all public tnonej s (.- , . . . . - , r .n.siou '! ,a, i , , ..',,., reference to nnv of the ollicial bonds ot i!ed w. thin tne same, an., mmu . . - Cl,ntrarv Ui I -.n ' v v . - w 4 -w j t .v i th s t n a 'J 1 n - Sec. 8. Ami bo it further enacted, That t shall be the duty of the Secretary of the rVeveury, at as early a day as possible J-. mccniTo ttii4 rir t. to renin rn nil thedu'ie? required to to performed by them in reforenco tu the receipt, Fate weep in?, transfer am! disbursements of nil such moneys, recording to the provisions here inciter contained. ' JSiC.o. Ami no u iiU .i.vi I.U.1V....... ; . :4 ... Il-cro shall be prepared and provrKd, r'tn i.u: iei. . -"... . , ' .i uited. and whose ofiiciat bonds are not vithintho custom llOU-lU-.w .v...y 7 R'reiii -1 tiuru jowviwi.u in. , i.niu. ninds new and suitable in "their terms, to r.ect the new and increased duties imposed !,) n them respectively by this act, and i;h sureties and in sums such as shall rem reTsnable and safe to the Solicitor .' ,i.fj Treasury, and from time to time to .ire such bonds to be renewed and in 'n-rd in amount and strengthened by i: f lies to meet any increasing re--'i-lbi'iity which may grow out of accu ;i.;:ion? of money in ihe hands of the .-itorv, or out of any other duly or : -i-ilulity arising under this or any i , r Uw of Congress, -'c 9. And be it further cnactcd.Thal i.fM;urs and receivers of"p!iblic mo , '' every character arid-description, ; v District of Columbia, slnlhisfrc .-UK- si? they miy be directed by the Sec r .a'v ol the Tca.'try sn fn do, pay over to '.:-! Treasurer of the United States at the i s.- .-iiry i hereof, all public moneys col- - . . i r thecitv of New loiK, i:i the fttai-.i ni New York, and in the city of Boston, m the State of Massachusetts, suitable r.nd convenient r.vms for the use of the Kc-,-civers General of Puleic Moneys, lure inaficr directed to be appoitned a tbosc places, respectively, ard su!licicnt an 1 -. rure lire proof vaults end safes for :i keeping of the public moneys cohYei. :. ;:iid deposited with them respcciiv' and the Receivers General of Public M -nev, from time to time, appointed at !'. . points, shall have the custody and car-' i the said rooms, vaults, and safes, ic- -lively, end of all the public moneys d -i led within the same, and shall pet: nil the duties recjuired to beperlbmH ihem. in reference to the receipt, s ? keeping, transfer, and disbursement of fuch moneys, accoroiu; wine pr.viM of this act. Sec 4. And he it further enacted, lnai there sdinl! be erected, prepared and pro vided, at the expense of the United I St it. nttheCitv of Charirston, in the Stale oi Soutli Carolina, and at the City of t .. Louis; in the State of Miss ur:, ofhei .. -.1. r,, i.,i;v.-pntpnt ro-.ius i.i Treasury of the Branch Mint of New Orleans, and the Receivers General of Public Monev, loan amount beyond that secured bv the bond ot the oflb-er, or which the'Secretarv shall, for any cause, consider unsafe, and it shall not be desi rable to transfer the moneys fo accumu lated to any other depository, it shall be lawful for the said Secretary to direct the said moneys, or any portion mer.oi, .o be specially deposited in such bank of the Slate or Territory, wherein the depository who to mnkn the denosit IS lOCJtCU, RS hn !.- Swppiarv. shall select and name: Provided, The bank so selected will agree to receive and keep the moneys so deposited with it upon the terms and conditions in the next Eection of this act prescribed. Sr And be it further enacted. Tint tho Poeeial Ie:OsitCS of UiC public moneys authorised by the last proceeding section of this act to le made in lauks, shall be made in ihe following terms and conditions, and upon no other, namely ': First. All sue h denosites shall I e strict Jy special deposites; and the banks hold- .1 l l i !,:t.tfJ ..met ing mem snau i.c juoijiui.tu, i.i m. elfectual manner, from making i ny use of the moneys deposited, by way of loans, discounts, or in any other manner, or for any other purpose whatsoever, and lose cure the fulfilment of this condition, the Secretary of the Treasury is .authorised, in hi lU'srivtion to furnish the baiiiS se lected as deposit -banks, with safes for the keeping of the public money exclusively, and under the j .int control of the bank and some designated officer of th. Government, cr to adopt such other 'ruards as he shall prefer. Second. Nothing but gold or silver, or! such notes, bills or pnper, issued um.cr the authority of the United States, as may be directed by law to Le received i;i pavmontof the public chics, sliili be offer ed' for dcposite, under tho provision of this act. Ti.ird. All deposites shall be pr.sseJ. upon the books of the bank, to the credit of the deoositorv making the same: but no moneys deposited in pursuance f this . act shall be wit.ictiav.n wr.noui m". v me.- order of the Sccrctarv of the Treas ury fo-- the payment; and no drafts o! the Treasurer of the United States, or orders or wai rants of the Secretary of the Trea sury, or ordinary transferor disbursement"", shall bo made upon any bank selected as a dcposite bank under this act. and the Director and Superintendent of each Mint and iSianoli IJmt when separate offices, as a check upon th? Treasurers, respectively, of the said Mints, or the persons acting as such at the close of each quarter of the year, and as much more frequently as they shall be directed by the Secretary of tho "Treasury to do so, to examine the books accounts, returns and money on hand, of the Receivers General of Public Money, Collectors, Receivers of Land Offices, Treasurers and persons nctin? as such, and to make full, accurate, rnd faithful returns to the Treasury Department of their condition. Sec, 17. And be it further enacted. That the said officers' respectively, whoso duty it is made by this act to receive, keep and disburse the public money n3 the fiscal agents of the Government, mav be allowed anv necessary -additional expense for clerks, fire-proof chests, or vaults, or other necessary expenses ot j sate keep. ng, transierri g ana uisoursir.g said "moneys; all such expenses of every character to be first expressly authorized by the Secretary of tho Treasury, whose directions upon all the above subjects, by way cf regulations and otherwise, are to be strictly f d'owed by all the said officers. Sec. 1C. And be .it further enacted, That the Secretary of the Treasury shall, with as much promptitude as the conven ience of the public business, nnd the safety of tho public funds will permit, withdraw the balances remaining with the prcrent depositories of the public moneys, jnd confine the safe-keeping, transfer, and disbursement of those moneys to the de positories established by Ibis act. Sec. 10. And be it further enacted, That all Marshals. District Al!orncvs,and others, having public money to pay to the J-ioiri tiiO iCks ' nniii it PROCEEDINGS Oi T II E R A N K CJS VLl -'HON. At a meeting ofditbg-itcs f.o-n iho B in.es of MiiKsinoi and Tennessee, c unvened at . . t I r I i- the Commercial and Kail Jtoaa uan. oi Vicksburg, the following Banks were ieprc sented, viz: rarrners'ahd Merchants Bank of Mem" phis, PlanletV. Bank, Natchez, Agricultu ral B mk, Commercial arid Kail Road Bank of A'ieksbur r. West Feliciana R. R. and " , C 7 Banking Company, Commercial Bank of Manchester, Commercial Bank of Rodney, Buik of Lexington, Vicksburg Water Works end Banking Company, Mississippi Rail Road Company, Citizens'1 Bank of lU.idison County. Mississippi Union Bank Re.il Itate Banking Company of Hinds New Orleans, nud tho Itecoivcrs General jCotinly, Bank of Vicksburg, Commercial of Public Monev nt New oik, Boston, i IJruik of Na'.cI.ez NO. 4. Tint until the rooms, offices, vaults nndj saf's, fh reeled by the nrst, liuru, tmn, and sixth section of this act to be con structed and prepared for the use of the Treasurer of the United States, the Trea surers- oi tiej Mm? at .rnuaoeu.tu'i anu Charleston, and St. l,ouis. can be con structed and prepared for use, it shall be the dotv of tho Secretary of the Treas ury to procure suitable rooms for offices for those officers at their respective loca tions, and to contract with such banks, incorporations, or individuals, as may be willing to contract for such use of their vaults and safes as may l e required for the safe-keeping of the public moneys in the charge and custody of those officers respect ively, the expense to be paid by the United States. Sec. 23. And be 'it further enacted, That from and after the thirtv-firstday of On motion, II. G . Runnels, was called fo lic Chair, and J. J- Chevvning was ap pointed Sec:etary. On motion, HesoleeJ,, Thr t Messrs. J. Wood and George G. Skipwitb, of Nash ville, be invited to take a seat in this Con vention. The following resolution was offered by Stephen Duncan: Resolved, That the first Monday i.i January next be the period fixed on for a resumption of Specie payments by tho Hanks represented in this Convent'on, pro-. vided the delegates from the Union Bank . . . ... . .. . .i of Mississippi will give assurance mai mo ... .... . . 1 ;iJ i lOiill ulll dllll l.lo li:iiU-li.--'i-.,l C1 ill ISSIifSi J'JM Will JjHC OSJIIiam. ma uiu December, which will be in the yeai ono 1 post notes of that Bank will be redeemed thousand eight hundred and thirty-eight, J wj,j, cpecie or its equivalent, vhen preseni le resolution of Congress of the thir- j Ci a ,cr counter. tieth dav of Anril. in the year one thou sand eight .bundled and sixteen, so far as it authorizes the receipts in payment of the duties, taxes, sale ol publicity ot the United Slates, as may be direc'cu to be received by law in payments of the public dues. Sec. 21. And be it further enacted, That from and after the thirty-first day of December, which will be in the. year one thousand eight hundred and forty three, every officer or agent engaged in making disbursements on account of the United States cr of the General Post Oiricc, shall make all payments in gold and silver coin only, or in such notes, bills, or paper, issued under tho authority ol the Lnitcd r- ........v " I1". I ... . . . - . . United States, and all patentees, wishing ; Slates, as may be directed to be rcc iycu to make payment for patents to be issued j by law; and any receiving or disbursing nnv make payment of all such moneys to the Treasurer of the United States, at the Treasury, to the Treasurer of c'uher of the Mints in Philadelphia or New Or leans, to either of the Receivers Gcnerul ncy, or to such otucr cepos- of Public UK . 7 ' J officer, or a "-en t who shall neirlect, evade or violate, the provisions of this and the last preceding section of this act, shall be dismissed from the service, and shall forfiit them, or in their hands; that all ! c.ii lectors and receivers of public ,ns within the cities of Philadelphia Now Oilcans, shall, upon tho same direction, pay over to the Treasurers of Foi;rtifr" A commiw.n, such as shall ill cemprnsation then due to him 42j. And be it further enacted, Ml 1 null. l.J'.iil.,, WI lr cin-u .".ww. - I t - c. itorv constituted bv tin act as shall be i That jt shall Le the outy of the Secretary dsi'Tuafed bv the Secretary ot ttie J rea- oi u.u humm v u i "" sury, in oth'er parts of tho Vmlcx) States ulntions toenf ucc tnc speedy presentation to receive such a vments, and give receipts j of all Government drafts lor payment at or certificates oi deposites thcrtkr. iuc P-ace wue. r-i).",,., or An) i r.rtl.nr r me t ed. ! 1 he time, according to the di lie refit e.is- UUU. -VJ. il"U 11 -llll'.!-- 7, 7 That all officers chared by this act with ! lances of the depositories from the seat ot I the safe kecnin, transfer, and disburse-! Government, within which all dralts upon j On motion to strike out all after the word "provided," the yeas and nays being called the voes stood thus: Avrs. LV Montgomery, of Planters. Bank,M. B. I lamer, Commercial Bank of Manchester, J. C. Bole, Lexington Bank, S.P. Webster, Vicksburg W.W. and Bank ing Co., J. A. Quitman, Miss. 11. K. Co., w! Hardeman, Citizens' Bank of Madison Co., D. G. Runnels and R. M. Hilliatn- son, Mississippi -Union lianlc. Nays. 1;. v. Lucas, ot farmers anuv Mechanics, Bank, Memphis," S. Duncan, Ariicultural Bank; J. J. Chevvning, Coin, and l. R. Bank or Vicksburg, G. II. Gor don, Wet Feliciana R R. and Banking Co., L.K. Marshall, Commercial Bank of NatchtZjTiios Freeland, Commercial Bank of Rodney. A. II. Paxton, Bank of Vicks Lur. " There being a tie, the motion was lost." S. P. Webster propossd. to strike out all the above resolution, after the word ''re solved," nnd proposed the following as i substitute: Whereas, in the opinion of this Conven tion, a resumption of specie payments by the Bruiks of .Mississippi on the first day of January next, would be prejudicial to the interest of the communuy, tor "the follow hit, among oilier reasons: luent of th3 Public Moneys, are hereby I. Because tlic inontn ol January is me H Ctlf li.ie'.nncg oonsnn. nml ll.O np them rcspettivelv shall be presented tor , f ,i,a ,. ...!, i,n,h nlnters and required to keep an accurate entry of ' payment which he may derm proper. merchants s'tand in most need of all tho l,i. orrrprd noon between the Secretary Ciicii sum reccivrc, on.t uin-.Kttm o wi . " v ban c faci Hies wlr.cli can le aitotoeu ineni. of the Treasury and the bank not in any I money in which it is received, and of each , I n it the It -;.. General o. l.uMc , 2 because il is that period of ihe year at ease to lexeced per centum coon the j payment or iransier, ana oi me kiuu oi ...i.-m.- uiauu.., "'V'-'T1 , - I winch tho largest amount oi eitgagerosm . . : . . . ... ii i : .r mi.- sn i rpivp rpenon vr r. i o io.iow inn currency oi mi.ii n in oisiuu , .nm .., . one of the said officers shall convert to-salarics'per annum, to be paid quarter - - ? i 1.1 I i ? I f- i with suitaoie rno niii.nnnn - 'i.. , . , . ti . s i.. lie .M iiiis. in uieir respective cities, to l.n t ie use Ot tnc lieceivet uim j "1' t , , 7 ,. , o , i . r he Money hereinafter directed to beap-Sl Mmt?, ail public moneys creeled the rece.pt, safe pinVdat the places above named, an br them , or in their hands; and that ah of the special de IXient and Jcire fire proof vaults and su:a collectors and ceivers u, ,m b ,c to J 'ifps for thn keeping of the !td)lic money i.i l 1 ti.-..l r, I ti,-c-r I flints collected ano t.epo.,.i-u n. ..v . fcnf fiivrU-r and the said Receivers Gen- eral from time to time appointed at loose placcs,shall have the custody and care of B.oi.I r.fTir-os. vaults cud sales, so to he erected, nre -pared r.nd ;rovided. and of all niuicvs within the cities of new ioik, E-tor;, Charleston and St. Lou is, shall, upat the same direction, pay over to the il-ceivers General of Public money in tli respective cities, at their offices re saictivel'v. all the public monevs collected bvthtm'or in their hands, to be safely - ... . . erecteo.rjrepareu ami piovi"". ' - , , ., Ihe public moneys deposited within' the k, by the said I respective oepositor.es, 1 .... f ii .i.. j...: I nr. I Atlmrtvi tis'.ose.'i ol accordwsr to I t!.mp- am! 'mll ierHirm all the duties rc- Xiuired to be performed by them, in refer enctrto the receipt, safevkeeping, transfer and disbursement of all such moneys, 1 nccording to the provisions hereinafter 3 -named. Sec. 5 Andbcitlurtoercnactcu, i nax .the President shall nominate, and, by and - with ihe advice and consent of the Sen ate, appoint four officers, to be denomina ted "Receivers General of public money." , which snid officers shall hold their respec tive offices for the term of four years, unless sooner removed therefrom; one ; of which shall be located at tho city of NVw York. n the Stale of New York; one other of which shall be located at the city of Boston, in the State of Massachu setts; one ether of which shall be located ; at the city of Charleston, in the State of South Carolina; and the remaining one of which shall be located at the city of St. Louis, in ihe State of Missouri; and all of t which said officers shall give bonds to the United States, with sureties nccording to the provisions hereinafter contained, for the faithful discharge of the duties of their , respective offices. Sec. 6. Andbeitluuner cnacieo, i nai the Treasurer of the United States, the Treasurer of the Mint of the United States ' the Treasurers, and those acting as such, of the various branch Mints already erec ' ted and now erecting, all Collectors of the Customs, all Surveyors of the Customs , . acting also as collectors, all Receivers General' of public moneys; all Receivers I jof public moneys at the several land of ' Vices, and oil postmasters except as is '$ hereinafter particularly provided, be, and thev are hereby required to keep safely, : without loaning or using, all the public money collected by them, or otherwise at any time placed in their possession and custody, till the same is ordered by the proper department or officer of the Gov- ''ernment to be transferred or paid out; nnd when such orders for transfer or payment i are received, faithfully and promptly to make the same as directed, and to do and perform all other duties as fiscal agents f fhftfi.ovfirnment. which may be imposed lay this or any other acts of Congress, or and otbRrwice disposed of according to laVjaudit shall be tho duty of the said Seaetary to direct such payments by the sail collectors and receivers, at all the sai.daces at least as often as once meach moith, and as 'much more frequently, m all ruses as he. in his discretion, may think pirrr. fc.:c. 10. And ba it further enacted, Tbt it shall be lawful for the Secretary of lie Treasury to transfer the moneys in the lands of anv depository nereny con- W T 1 stitsicd, to the" Treasury; or the. United Slats; to the Mint at Philadelphia; to the Bra.fh Mint at New Orleans; or to the oil J.f.r f.f the Receivers General of lub'lic Money by this act directed to beaipninted; tube there safely kept, ac corona 'to the provisions oi-'tnif act; anJdso to transfer moneys in the hands of uiy one deposi'ory constituted by the sam, at his discretion, annus mosaic of tie nuhlie monevs. and the conven- i . . ienc: of the. public service shall seem to him to require. And for the purpose of payments on the public account it shall be 'awiil fur tbn ti'nl Secretary to draw upon Rn.Vef the said depositories, as he may mtn; most conducive to tlie puuuc inter ests or to the convenience of the public erectors, or both. e- 11. And be il further enacted, Tha the monov in the hands, care and cus,-dy, of anv of the depositories con- mieu bv this act, shall be constituted ard icld as deposited to the credit of the lreQUrer Qf ,jie United States and shall be, a nil lifllPS. fill bie.ct to his draft: wheth cr fride by transfer or disbursement, in he frrne manner, as though the said mo ncysvere actually in the Treasury of ,hc billed States: and such depository shall Rr bo rotnnia tn tho Treasury De- Parltyntof all moneys received and paid by hin. nt r... r.t, t;moo r.nd in such form. . l.UVIl I 1.11 1 , as shu be directed by the Secretary of the Teasurv. , Se 12. And be it further enacted, ThaUhenever nublic moneys shall accu- mu,at in the hand of any depository con stitutti by tj,is nctt 0,her than the Trcas- tirpr n it tlis Trtnsnrf II, UllHUU l It l IT - , IHV. . v - of lhj8 Mint of the United States, the moneys deposited with it, shall be allowed and paid by the United States, in fill sat-isf-ietionof all claims on the part of the bunk! for trouble and risk growing out of keeping, and repayment eposites herein authorized accounts tor commissions to be audited and paid at the Treasury of the United Slates. Sec. 11. And be il further enacted. That jn ease no bank within the Siale or Tcr-iiory wherein the depository, directed to mike deposites, is located, will consent to receive the moneys of the Government upon special dcposite according to the fore-iro:ri"- conditions and regulations, that it shalfbe lawful fur the Secretary of the Treasury to select some bank in an ad joining State orjTerrifory, r-uch as may be most convenient for the officer to make on,l il". nublic service, and in case n convenTnt bank of either cnar- n.'r ran I .p follad willinff to reCCIVO SUCll deposites upon! the terms proposed, the Secretary may transrer tne sumo iu m.. Secretary of "ihc United States, to the Mint, or ihe Branch Mints, or to t.ic ol (Vncs of either of the Receivers General ,.f Puhlir! Mmev. as shall be most con venicntto the depository from whomtno i . i t : a n be trans erect, or to tne wants of the publii service in reference to dis bursements. ; Kr-r: l.Y And be it further enacted, That the Secretary of die Treasury shall be, and is hereby authorised to cause ex aminations to be made of the books, ac counts and money on .hand of thi several depositories constituted by this act, and for that purpose to appoint special r.gen, as occasion may require, with such com- pensation as he may tlnniv reasonaroc, to be fixed acd declared at the time of each appointment; which said examinations in all cases where the sum on hand usually exceeds three fourths of the amount of flWr'a bond, s-hall not be made less r...,oril- tban once in each year and asl ,ltM.,w..., . - j much more frequently, in inose aim au .nu- crcases,astnc ecreiary m msui.ui;iiu shall direct. The Agent selected to make those exminations shall be instructed to examine as well the books, accounts, and returns of the clhcer,as tbe money on nana and the manner of its being kept, to the end that uniformity and accuracy in tne accounts as wen as saieiy oi uic j-""' moneys, may be secured thereby, Sec IS. And be it further enacted, That in addition to the examinations pro vided for in the last preceding section, and n3 a further guard over the public moneys, ekntnm the dutv of each Naval officer and sdrveyor as a check upon the Receiver General of public Moneys, or collector of Customs, of thci r respective d 1st ricts ; of each Register of a Land Office, as a check upon the Receiver of his Land Office; brs ft,..! 1 . ... ... i T I earv. at the treasury ot tnc un'ico State, to wit, the Receiver General of have-usually bren made to full due, and causes the month? ot January ana re. una ry, in ordinary times, to be seasons of pe- Kecoivcr l.eneral o y ;n lho monev malket. vv o.k shall be. paid j 3 j;rcanso j,lft engagements maturing ars per anuuu,; me ; Janl.arv anfJ February have, to a consi Public Monev at Los , , , , .n ,eenA in ctn rrr. own use, nt any way whatever, or 1 ncn bv- wnv ttf in-ptrient in anV kind of property or merchandize, or. shall j Public Money at New loan, with or without interest, any portion a salary m uon of the public moneys entrusted to him . Rec n er General ot i ublic Money at bos (prn lt eV1ent, hrcn pissed to foreign ere lor safe keeping, disbursement, trailer, ton sbaiine pauiaaiary oi uou..i j.y diJ an(j won, imtncdiateW be demand- or for anv other purpose, every such act ; annum; the Receiver General ol I iui:tc j yom cxcnV.ge. shall be deemed and adjud-ed.t-f c embez- j Money at Charlc-ton shall be paid a saia- f iJkj eseni hu,t rate 0f ziementof so much of he s:.id moneys ! ry of dollars per annum; and the ! CJ.cfinc anftt ,his State, in which con es shall be thus taken, converted, ; Receiver General o. Public Money sit ot. rcsm)ip,on )f Pjiocie payments is invested, used or loaned which is here- , Louis shall be paid a sa.ary of d,-! ,,s J unrreeeden'rd in any S;ate or nation. The bv declared to be a hi-h misdemeanor, 'per annum; and thf so salaries, respective- reclt i-pqmption in New York not being and anv officer or person convicted there- lv, shall be infull tor the services of t.ie ) cc!ian.TC3 ,iad bcen for a pe. of befure anv court of the United States ! respective ofneers, nor shall ciUicrol incm . , f ,i, ,t,0,r f.Wftr. nrl in t - l . . - : ( I III lll.l 11 .N'l.in Hi '..v.i )I competent, lUI iSOlCUOH, iiatl liu iiii- i im n.iiiimi;ti .u ..i.i.ft.., - ! . - . J. .. . (.' r . i"!:l tented to imprisonment tor a term ot nor. ; mission, pay or pcrquiMie, i or .my vm. i.u IMiilartelnhia not until five months afterthat condition of things existed and at a time when tha importation of specie by the Banks of those places was 8 business of. Cf iciieeu iu iiiiju i? on .nt. mi i i v" -v j mi.-.-i- -ii, j j v . - . . fine enual lo I service, of anv character of description the amount of the money embezzled. J whatsoever ; and the making of any sucu Sec. 21. And be it" further enacted, j charge, or the receipt ot any such coin- That, in order to avoid inconvenient or i pensation, h hereby oeciareu tone a n.-s- i Kccau:e a resumption in January l.M. tvti iru Itirt fi'iirnr ronvir.lpi ' iJl - 1 , .injurious accuuiu..iu.im -oiu .u. .,....... .,.... M.An!ll r;niap the uhole Bank note circuia in the hands of the depositories o he ! t ,ercof,i;eore nny conr o o i; tj t,,e Bank? i:, r,.,Ani it c in i iir ton fir i i .:! i mmno n i u i;-!'.. . mi.ui i'U . . 1 "-' " - r - . . ' . J. ." ' : and eave the State wtliiont a circuiaung w- . i . i. ..... ,1 r. - . ,.... r. i i ti , in, i i i r.r ... t. is. oecriaarv oi ute a n;.t&ur , iiim.i o n- r.ii.j.i. i. iJtiunu.ui.ii. .i amount of monev in the Treasury of the onment, or both, at the discretion of the . . . i . . . i t . i ,-r nib. i..' .1 United States, and slandincr to the credit J - Cj of. the Treasury, in the hands of the sev eral depositories, shall exceed in amount g 1,000,000, to invest the surplus of such 7 j court beforawhich the offence shli be tried. - Sec. 27. A id be it' further enacted, That the Treasurer of the United States be and he is hereby authorized to receive monevs in securities bearing an interest, jot the treasury, and at such other pouHs nnd ics ica upon lue laiin ana creunoi uiu us u ma) uuffii;u.i'c:7 uiuiua e lm s:., ,rJ . r.-. ,h!ii- Unflj f)if nnvmonlQ so made, in of the Union; in all cases of such invest- ! all cases, to be evidenced by the receipt of ments as selecting sucu him.i., v. .. l.- Mm nuu-uni w. ... - l ilies as'are transferable by delivery, or i which receipts so given shall be current at assi.TP.inr.nt. and from the rate of interest the several land offices of the United payable, the lime or times they may have i States, as cash, nt any public or private in run. and tho nrires thev mav bear in market, shall seem to him best to answer the oumose for which the investments are directed, and at no time paying more than tne current value in the market tor anv such stocks or securities. Anu whenever the amount of moneys in the Treasury, and standing to ihc credit of the Treasurer, shall be so much less than the said sum of $4,000,000, as to indicate to the Secretary that tho moneys inves pd or any portion thereof, will be required fornnrnnsps of nuhlic disbursement, then , , - - i - - . ' it shall be his duty to sell such portions of the stocks and securities purchased as may be necessary to keep the balance of money m tr i reasuryequal to its wants; Provided, That in all investments to be sale of lands, in the same manner as the currency authorized by law to be received in payment for the public lands. Sfc- 23. And be it further enacted That for the purchase of sites, and for the con struction of the offices of ihc Receivers of Public Money, by this act directed to be erected at Charleston, South Carolina, nnd atSt. Louis. Missouri, there shall bu. and hereby is appropriated, to be paiaout of any money in the Treasury noV, othcr- u ise appropriated, the sum of 1 to be oxnended under the directum f thn Sec retary of the Treasury, who is hereby re quired to adept 'ians (or the said, offices, and the vaults and safes connected there with, an. io cause the" same to be con structed and. prepared for use with as medium at all, o the great detriment of trade, and lo the uUer ruin of all who have money to pay at our spring courts, or pro ision" to purchase for the coming season. 0. Because it would be a burden of from. 2 to 5 per cent, of their whole circulation, upon the resuming Banks, without a cor responding benefit to any class of persons, other than to the Northern holders of our circulation, who have purchased itonspe dilation at irom to to iu per cent uis count. . . . 7. Because we regard llie question of resumption ns purely adomcsticone, to be regulated alone by the true interest of the people of Mississippi an we believe that a resumption in January would materially in jure the planting interest and prostrate tho commerce of our State, and prove destruct ive to that largo class of individuals whose debts cannot be postponed beyond the en- made in obedience to the provisions of J H tie .delay as shall' bo consistent v ith this sre.tion. ihe said Secretary shall con- t the mil. lie. intfrnsts. and thn convenient . 7 f ! i ..!. I .... It , . i r .1. 1. . ! V ... line uis purcnases ot mocks uiw fiwunv?, issnrrl iinnn thn faith and credit of nnv State to such as have been actually issued by tho State, and shall not be at liberty to so'iserilm for. or otherwise purchase. those proposed to be issued and, not in ac tual existence, as slocks and securities in the market. Sec. 22. And be it further enacted, location and security of the building3 to be erected. ' x Sec. 20. And he U f nrtlier enactcd,'Vhni lor trio-payment ot the expenses antnon And lastly, Because we believe that pubhc opintcn rt il.ia Stntr. nntonlv daes not call for a resumption at that titne, but is decidedly in opposition to it. 1 hcreiorc Resolved, That the Mississvppi ian3 ui this convention assembled, will resume the payment of Fpecie for all demand.? asinst themon the firft Monday of Jul), 1SU9. Resolved, That the said Banks witiuom and after the tO'.h day of December, inst. check upon the East or upon New Orleans at a premium not exceeding 5 per pnt- to the extent of their exchange operations. .... . .. it,i-. A division or the motion being caueu tor, ... , zed by this act, other than tho.-n herein, j the question occurred on striking out, when . . . . . r 1 belore provided lor, a suiLoiont sum ot j the vo.e wos r.s lonov.?. money be, and ihc same is hereby appro- j Yr.vs. J.C. Bole, S. P. Webster, Joon priated, tobe paid out of any money iu i A. Quitman, W. Hardman, U. G. Run thc Treasury not otherwise appropriated. r.els and II. M. Williamfon -5.