same proofs as are required for the cancellation of Bonds for the re-exportation of foreign of Fish for bounty, merchandise: C's cir. 27th March, 1799; V. 1, p. 175.

1295. Bonds given for the exportation of goods entitled to the drawback are not to be cancelled, in future, until after the expiration of the time allowed by law for the produc tion of proofs of their being landed abroad: C's cir. 26th December, 1833; V. 3, p. 423.

1296. Of Bonds for the exportation of Sugar refined, and of Spirits distilled, in the United States, entitled to drawback, (or bounty,) pursuant to act of 30th April, 1816, the same forms of abstracts are applicable to each: C's cir. 24th August, 1816; V. 1, p. 315.

1297. The same forms of Abstracts in relation to Sugar refined, and Spirits distilled, in the United States, entitled to drawback on exportation, as prescribed in the circular of the 24th August, 1816, are adhered to: C's cir. 19th May, 1818; V. 1, p. 384.

cancelled as other export Bonds:

-Export Bonds not maturity of condition.

to be cancelled before

Abstracts of Bonds for exportation of Sugar and Spirits:

[Same subject.]

Bonds, twenty days allowed.

1298. The time allowed for taking Export Bonds and Oaths, for the benefit of drawback for taking Export or bounty, is extended to twenty days after the clearance of the exporting vessel: C's cir. 21st August, 1820; V. 2, p. 87.

OF BONDS OF CAPTAINS OF VESSELS: On

1299. Of the Bonds of captains or husbands of vessels, taken upon granting certificates of registry, record, enrolment, or licenses, to guaranty the fulfilment on their part of the issuing marine papers. conditions and terms of such certificates or licenses, the forms are prescribed: C's cirs. 13th April, 22d July, and 28th December, 1793, V. 1, pp. 47, 55, 66, 86.

1300. The aforesaid forms of Oath, as to executing the conditions of enrolments and licenses for the coasting and the fishing trades, are amended: C's cir. 22d August, 1800; V. 1, p. 251.

[Same subject.]

1301. The forms of Bonds to be taken of captains of vessels, on their receiving passports, on receiving passare prescribed, with suggestions for cancelling the same, when proper: C's cir. 15th August, ports: 1796; V. 1, p. 135.

seamen:

1302. Bonds to be given, according to form, by masters of vessels, to insure the delivery, for return list of on their return to port, of a faithful list of all seamen composing their several crews, &c.: C's cir. 18th March, 1803; V. 1, p. 215.

1303. Bonds required to be taken of masters of vessels, on their first entry from a foreign port, laden with goods for sundry ports, to guaranty the delivery of the goods destined to other ports, are not applicable to masters of vessels entering on account of stress of weather, &c.: C's cir. 5th August, 1822; V. 2, pp. 288, 289.

for delivery of imported Goods for dif

ferent ports.

BONDS OF OWNERS OF VESSELS: To enwith France:

1304. Bond and surety, in half the value of vessel and cargo, required of owners or employers of all American vessels, to guard against the violation of the act suspending com- force non-intercourse mercial intercourse between the United States and France and her dependencies, are prescribed, with instructions for cancelling the same at a proper time: C's cir. 21st June, 1796; V. 1, pp. 153, 155.

[Same subject.]

-to enforce non-in

land and France:

1305. The aforesaid Bond is changed, both as to amount and form: C's cir. 19th July, 1798; V. 1, p. 159.

1306. Of Bonds to be taken of owners of vessels navigating the high seas, pursuant to tercourse with Eng- the 13th and 15th sections of the act interdicting commercial intercourse with England and France, the forms are transmitted, and reference made to similar Bonds required of owners of vessels navigating rivers, bays, and sounds only: C's cir. 3d March, 1809; V. 1, p. 245.

[Same subject ]

[Same subject.]

[Same subject.]

-to enforce the act with England.

1307. Bonds to be taken, pursuant to Embargo laws, of owners of vessels employed chiefly in bays, rivers, and sounds: C's cirs. 3d March and 4th April, 1809; V. 1, pp. 245, 247.

1308. Form of Bond to be taken, pursuant to the "proviso" in the 3d section of the act of 1811, supplementary to the Embargo act: C's cir. 14th March, 1811; V. 1, p. 259.

1309. Form of Bond to be taken, pursuant to the 1st section of the act of 6th July, 1812, prohibiting American vessels from trading with the enemy: C's cir. 8th July, 1812; V. 1, p. 271.

1310. The form of a Bond is prescribed to be taken, to enforce the observance of the regulating navigation Navigation act, restricting and regulating the trade between the United States and Great Britain: C's cir. 31st October, 1820; V. 2, pp. 113, 116.

OFFICIAL BONDS OF COLLECTORS:

-to be executed according to form.

-neglect of:

-Bonds of Deputy
Collectors on frontier:

-Bonds of Officers

whose terms expire

1311. The receipt of the Official Bonds of Collectors, with sureties and notification of their approval, is acknowledged: O's cir. 1st January, 1790; V. 1, p. 13.

1312. Official Bonds of Collectors are required, by act of 15th May, 1820, to be executed by the 1st October next, according to form transmitted: C's cir. 1st August, 1820; V. 2, p. 111.

1313. Complaint is made that the said Official Bonds are not yet executed in sundry instances: C's cir. 14th November, 1820; V. 2, p. 119.

1314. Official Bonds are also to be given by Deputy Collectors of Northern frontier districts, (without exonerating the Collectors,) for the faithful discharge of their duties, according to an alternative allowed to importers of merchandise from an adjacent territory, by act of 2d March, 1821: C's cir. 16th April, 1821; V. 2, p. 123.

1315. Officers of the Treasury Department, whose terms shall have expired, according and are re-appointed: to the act of 15th May, 1820, "to limit the terms of office of certain officers therein mentioned," shall give new bonds and take new oaths of office, upon their re-appointment by the President: C's cir. 18th April, 1821; V. 2, p. 129.

-Sureties to official Bonds, responsible only for the specific periods:

1316. Collectors, (and other officers of the Revenue,) appointed by the President during the recess of the Senate, are required to renew their official Bonds on being confirmed; the sureties to the former Bonds not being responsible beyond the temporary commission; and

responsible,

the same rule applies to sureties to Bonds for official terms of four years, beyond which they Sureties to official are released: C's cir. 2d September, 1839; V. 3, p. 771.

1317. Instructions are transmitted respecting the official Bonds of Collectors and their sureties, under the (Subtreasury) act of 4th July, 1840, " for the collection, safe-keeping, and disbursement of the public moneys": C's cir. 10th July, 1840; V. 3, p. 835.

1318. Official Bonds are forwarded to Receivers General, and other depositories of public moneys, to be executed; with instructions supplementary to the Secretary's instructions of the 9th July, 1840: C's cir. 31st July, 1840; V. 3, p. 837. (69.)

1319. The subject of the Official Bonds of Receivers General, and other officers constituting the depositories of public moneys, is renewed, urging said officers to execute their bonds and forward them to the Solicitor of the Treasury: C's cir. October 19th, 1840; V. 3, p. 853.

&c.

Official Bonds under the Subtreasury act of 1840.

[Same subject.]

[Same subject.]

SECTION 4.

Of Treasury Transcripts of Accounts for Suit-consisting of Statements made by the 1st Comptroller, and by the 2d Comptroller, respectively, of Balances due on Accounts of Individuals on the Books of the Treasury, as derived from the Auditors under their supervision, the Commissioner of the General Land Office, and the Register of the Treasury, and addressed severally to the Solicitor of the Treasury for suit.

1320. On Balances due the Treasury, and Transcripts thereof, for suit, (70) rules are prescribed by the First Comptroller, "in order to establish uniformity in estimating interest thereon": C's cir. 1st April, 1843; V. 3, p. 1015.

ON BALANCES, AND TRANSCRIPTS OF:

Rules prescribed for estimating interest.

(69.) There were four several circulars of this date, and one of the 7th July, (two days before,) relative to the duties of Receivers General, and other officers under the Subtreasury act, which are referred to in a subsequent chapter "On the Keeping of Revenue:"

(70.) The above is the only circular instruction from the Comptroller on the subject of Transcripts for Suit. To supply that, and other deficiencies already adverted to elsewhere, reference must be made to the TABLE OF DETAILS illustrative of the proceedings in the Solicitor's Office, contained in the 14th chapter of the "SUPPLEMENT" to this Synopsis.

CHAPTER V.

THE SYSTEM OF INCIDENTAL REVENUE, DERIVED FROM LOANS-WHETHER DIRECTLY BY LOANS OF DOMESTIC OR FOREIGN BANKERS AND INDIVIDUALS, OR INDIRECTLY (OF ALL WHO RECEIVE THEM) BY THE ISSUE OF TREASURY NOTES, &c.

SECTION 1.—Of instructions in relation to Direct Loans, Certificates of Stock, and transfers thereof, &c.

SECTION 2. Of instructions and proceedings in relation to Treasury Notes, their issue, their redemption or cancellation, and returns thereof to the Treasury Department, and of Scrip, in satisfaction of Land warrants, &c.

SECTION 1.

Of instructions in relation to direct Loans, Certificates of Stock, and transfers thereof, &c.

1321. The Secretary of the Treasury states that a letter addressed to the "Commissioner of Loans for New Hampshire," containing Bills of Exchange, (or Treasury Drafts,) to the amount of five thousand dollars, had miscarried by mail: S's cir. 15th September, 1792; V. 1, p. 127.

1322. Instructions are given by the Comptroller to Presidents of Banks acting as Commissioners of Loans, respecting the payments they are authorized to make on the Louisiana domestic six per cent. stock, with directions to be observed, to prevent frauds being practised on the proprietors of the stock, accompanied with forms of returns to be made to the Department in relation to said stock: C's cir. 12th September, 1818; V. 1, p. 424.

1323. Applicants for the renewal of lost "Certificates of Stock," or for the payment of lost Treasury notes or lost Treasury drafts, are informed how to proceed, and what documents are necessary, in presenting their applications or claims to the Treasury Department: S's cir. 3d July, 1843; V. 3, p. 318. (71.)

(71.) The importance of this Circular and Supplement will justify their introduction here in full. It may also be satisfactory here to state, that the course pursued by the Secretary of the Treasury, in the matter of loans authorized by law, is to negotiate and obtain the loans upon the terms prescribed, in convenient sums, from domestic or foreign bankers or individuals, to be deposited in some authorized depositories of public moneys, to the credit of the Treasurer of the United States; for which sums, on presenting the certificates of deposite from the depositories, as vouchers, corresponding "CERTIFICATES OF STOCK" are issued to the lenders, prepared under the direction of the Secretary of the Treasury, bearing his signature, countersigned and issued by the Register of the Treasury. Then the money so deposited is subject to be disbursed, under appropriations of law, for general purposes, in the same manner as any other moneys derived from other sources of revenue, except when the loan is made for a specific object, in which case the appropriation and the distribution are limited to such object by the law authorizing the loan. For further information and details on these subjects, see the "Tables of Details" in the chapters relative to the Secretary's and Register's offices, in the "SUPPLEMENT" to this Synopsis.

"TREASURY Department, July 31, 1843. “Regulations respecting the transfer of certificates of stock issued for any loan made in behalf of the United States, the payment of interest thereon, and the supplying lost certificates.

"All the certificates of stock issued by the United States are signed by the Secretary of the Treasury, and countersigned by the Register. They can be issued only upon the written order of the Secretary. A description of the existing loans, and of the denominations of the certificates issued for them, is appended to these regulations. In the certificates of the loan of 1843 there is a water mark (U. States) in the

SECTION 2.

Of instructions and proceedings in relation to Treasury Notes, their issue, cancellation, and returns thereof to the Treasury Department—and of Scrip, in satisfaction of Land Warrants, &c.

TREASURY NOTES:forms of books, ac

counts, and returns of,

1324. In pursuance of the "act authorizing the issue of Treasury Notes," redeemable and payable by the United States, bearing interest of 5 per cent. for one year, sundry forms are transmitted to Collectors, for their use and observance, viz: A and B for keeping two quarterly-(of 1812): sets of books-one for notes received, and one for notes paid away or disbursed, in a quarter; C, a form for an account of notes received, notes paid away, and notes on hand, to be returned quarterly to the Treasury, together with instructions as to the manner of keeping those accounts, and of calculating the interest on the notes, &c.: S's cir. 21st September, 1812; V. 2, pp. 13 to 18.

paper, the amounts are expressed in large figures in red on both sides, and all the skill and taste which the engraver's art could furnish have been expended in securing them against fraud. No certificates of this loan have been, or will be, issued, without the amount being thus expressed by engraving in the body and in the margin of the certificates, and by the large figures in red.

"In regard to other loans, measures have been taken to call in all the certificates for sums above two hundred dollars, in which the amount is expressed in writing, with the view of having no certificates of that description in circulation, except such as are for sums between one hundred dollars and two hundred dollars. No transfer will be sanctioned for any fractional part of one hundred dollars of any loan, except of the loans made before 1843, where the certificate was originally issued for such fraction.

"I. All transfers of stock must be made on the books of the Treasury in the Register's office, and none can be made of the loans upon which interest is payable semi-annually, within thirty days before the first day of January and the first day of July, nor of the loan upon which interest is payable quarterly, within fifteen days of the first days of January, April, July, and October.

"II. The certificate to be transferred, or any part of which is to be transferred, must be produced at the office of the Register of the Treasury, in order that the same may be cancelled, and that such new certificates may be issued, as the case may require. As no certificate can, in any case, be issued for less than one hundred dollars, parties should divide their stock accordingly.

"III. The party in whose favor a certificate was issued may appear in person at the Register's office, and there execute an assignment of the certificate, or any portion of the amount for which it was issued, with directions to transfer the same to the assignee. "IV. The following form of a transfer is recommended: 'For value received, do hereby assign unto

of stock in the loan of 1842, [as the case may be,] issued by the Treasury of the United States, dated

and

do hereby authorize the Register of the Treasury to transfer the said stock on the books of the Treasury accordingly.

܂

a certificate for

"Dated "Where it is intended to transfer a portion only of any certificate, the assignment will vary accordingly, by saying, one thousand dollars, (or whatever may be the portion assigned,) part of a certificate of stock in the loan, &c.,' and authorizing the Register to transfer 6 one thousand dollars of the said stock, &c.'

"When a certificate is to be divided among several, the assignment will name them, and the respective portions to be transferred to each. "When a portion of a certificate is left without being assigned, a new one will be issued for the part so reserved to the owner thereof. It is desirable that the assignment should, in all cases, be written upon the certificate.

"It is to be signed by the person whose name is in the certificate as the payee; if it be the name of a firm, then by one of such firm in its name; and if there be several persons, then by all of them, except in cases of trustees, executors, &c., when by law any one has the authority to dispose of such property.

"[In the certificates of the loan of 1843, an assignment is engraved at the end of each, and is to be filled up whenever such certificate is intended to be transferred to another. As it will be cut off upon the transfer being completed at the Treasury, the fact of its being separated from the body of the certificate will be evidence that the same has been assigned, and is no longer a valid security.]

"V. When the assignment is not made at the Treasury, it should be executed in the presence of the President or Cashier of any institution which has been designated as a depository of the Treasury, who will endorse on, or annex to, such assignment, a certificate that it was executed in his presence, and that he knows, or has satisfactory evidence, that such assignment was made by the person who by the preceding regulation was authorized to make the same. Or such assignment may be executed in the presence of a Judge of the United States, or of the Supreme, Superior, or Circuit Court of any State, or of a notary public, who must, in like manner, certify to the execution and to the identity of the party. When certified by a notary public, it must be under his seal of office.

“It is desirable that these certificates should be written upon the loan certificate.

"When such party is not personally known to the officer, an affidavit of his identity, taken before any officer competent to administer oaths, may be received.