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TWENTY-FIFTH CONGRESS. Sess.I. Ch.9. 1837.

1st Nov. next,upon which theduties are pay-able in cash.The bonds re-ceived for suchduties to be pay-able in equal in-stalments, bear-ing 6 per cent,interest, and inthe form andupon the condi-tions prescribedby law.

When the se-curity in bondspostponed is en-tirely satisfac-tory, the princi-pals or suretiesshall not be dis-abled, &c.

Proviso.

Statute I.Oct. 16, 1837.

The Secretaryof the Treasury authorized tocontinue towithdraw thepublic moneysin the formerdeposite banks,in a manner asconvenient tothem as shall beconsistent withthe wants of theGovernment,&c.

Actof June 23,1836, ch. 115.

This provisionto extend tomoneys whe-ther standing tothe credit of theTreasurer U.S. , or any otherofficer of theGovernment.

In case of anyof said banksnot complyingwith the requi-sitions of theSecretary oftheTreasury , suitsshall be insti-tuted, unless,&c.

interest at the rate of six per cent, per annum, and shall be in the formand upon the conditions prescribed by existing laws and by this act.

Sec. 3. And be it further enacted , That where the security in anybond which has been, or may hereafter be postponed, is entirely satis-factory, the principal or sureties in the same shall not be disabled frombeing in the mean time, till the period of postponement provided for bythis act expires, received as principal or sureties in other bonds forduties, notwithstanding the bond first given may not have been actuallypaid, discharged, or extended before or on the day it fell due : Provided,That such principal and sureties shall be found in all other respects,safe and satisfactory security for the bonds to which they may be pro-posed as parties.

Sec. 4. And be it further enacted, That the operation of all priorlaws, and parts of laws, so far as inconsistent with this act, be suspendedin the particulars in which they may conflict with, or differ from, itsprovisions, until this act shall cease by its own limitations.

Approved, October 16, 1837.

Chap. IX .—An Act for adjusting the remaining claims upon the late deposite

banks.

Be it enacted by the Senate and House of Representatives of theUnited States of America in Congress assembled, That the Secretaryof the Treasury be, and he is hereby, authorized to continue to with-draw the public moneys now remaining in any of the former depositehanks, in a manner as gradual and convenient to the institutions as shallbe consistent with the pecuniary wants of the Government, and thesafety of the funds thus to be drawn; and that no farther interest thanthat required by the deposite act of the twenty-third of June, one thou-sand eight hundred and thirty-six, under which those deposites weremade, shall be demanded of any bank which has met, and shall here-after meet, the requisitions of the Department. This provision shallalso extend to such public moneys as may remain in any of the saidbanks, whether standing to the credit of the Treasurer of the UnitedStates , or of any disbursing or other public officer of the Government.

Sec. 2. And be it further enacted, That in case of neglect or refusalby any of the said banks to comply with the requisitions of the Secre-tary of the Treasury , as he shall make them, in conformity with thefirst section of this act, suits shall be instituted, where that has notalready been done, to recover the amounts due to the United States ,unless tire defaulting bank shall forthwith cause to be executed anddelivered to the Secretary of the Treasury a bond, with security to beapproved by the Solicitor of the Treasury, to pay to the United States the whole moneys due from it, in three instalments: the first to be paidon the first day of July next, the second on the first day of January,eighteen hundred and thirty-nine, and the remaining instalment on thefirst day of July, eighteen hundred and thirty-nine; and the defaultmentioned in this act, on which interest is to commence at the rate ofsix per [centum per annum,] shall be understood to be the negiect oromission of said banks, or any of them, to answer the drafts or requisi-tions of the Secretary of the Treasury made on them according to theprovisions of the first section of this act; and interest thereon at therate of six per centum per annum, from the time of default, togetherwith any damages which may have accrued to the United States fromprotests of drafts drawn upon it, or from any other consequence of itsfailure to fulfil its obligations to the public treasury.

Approved, October 16, 1837.