officers as standing to the credit of any disbursing officer, and shall have remained for three years or more outstanding, unsatisfied and unpaid, are required to be deposited by the Treasurer, to be covered in the Treasury by warrants, and to be carried to the credit of the parties in whose favor such certificates, drafts, or checks were respectively issued, or to the persons who are entitled to receive pay therefor, and into an appropriation account to be denominated "outstanding liabilities." (R. S., § 306.)

709. The Treasurer of the United States, as well as each Assistant Treasurer and designated depositary, is required, at the close of business on every 30th day of June, to report to the Secretary of the Treasury the condition of every account of disbursing officers, except in the cases mentioned in the section preceding, which shall have remained unchanged, or which shall not have been increased by any new deposit, nor decreased by any draft thereon, for the space of three years, on the books of his office; also to state in such report the name of each depositor, with his official designation, the total amount on deposit to his credit, and the dates respectively of the last credit and the last debit made to each account. (R. S., § 310.)

710. The Treasurer is required to lay before the Senate and House of Representatives, on the third day of each session of Congress, fair and accurate copies of all accounts by him from time to time rendered to and settled by the First Comptroller; also a true and perfect account of the state of the Treasury. (R. S., § 311.)

711. He is prohibited by law from being concerned or interested in carrying on the business of trade or commerce, or in any sea vessel in whole or in part, or in any public lands or public property, or in the purchase or disposal of any public securities of any State, or of the United States; also from taking or applying to his own use any

emolument or gain for negotiating or transacting any business in the Treasury Department other than the law allows. (R. S., § 243.)

712. All public moneys paid to any depositary are subject to the draft of the Treasurer, drawn agreeably to appropriations made by law. . (R. S., § 3593.)

713. The Treasurer, besides all Assistant Treasurers and other officers, is required to keep safely, without loaning, using, depositing in banks, or exchanging for other funds than as specially allowed by law, all the public moneys collected by him, or otherwise at any time placed in his possession and custody, till the same are ordered, by the proper department or officer, to be transferred or paid out; and when such orders for transfer or payment are received, to faithfully and promptly make the same as directed; and to do and perform all other duties, as fiscal agent of the Government, which may be imposed by any law, or by any regulation of the Treasury Department made in conformity to law. (R. S., § 3639.)

714. When the circulating notes of any national banking association are presented to the Treasurer of the United States for redemption, in sums of one thousand dollars or any multiple thereof, that officer is required to redeem the same in United States notes. It is his duty thereupon to charge such redeemed notes to the respective associations issuing them, and to notify the associations severally on the first of each month, or oftener at his discretion, of the amount of such redemption, so that such association may deposit with him a sum in United States notes equal to the amount of its circulating notes so redeemed. He is also required to receive all worn, defaced, and mutilated national-bank notes from Assistant Treasurers and designated depositaries for redemption as aforesaid, and on being redeemed to forward the same to the Comptroller of the

Currency to be destroyed as provided by law, and that new 'notes may be supplied by that officer to the particular bank of issue in place thereof.

He is required to forward the redeemed notes fit for use, when the redemption has been reimbursed, to the respective banks by which they were issued. (Act June 20, 1874, Stats. 18, p. 125.)

715. It is made his duty, as well as of the Assistant Treasurers and depositaries, to assort for redemption the notes of such national banks which, according to notice received from the Comptroller of the Currency, have failed or gone into voluntary liquidation. (Id.)

716. The Treasurer of the United States is made by law the custodian of all stock, bonds, or other securities or evidences of indebtedness recently held by the Secretary of the Interior in trust for the benefit of certain Indian tribes. Accordingly, it devolves upon him to collect all interest falling due on the same, to deposit such interest in the Treasury, and to issue certificates of deposit therefor in favor of the Secretary of the Interior, as trustee of various Indian tribes. He is also made the custodian of all bonds and stock which may be purchased for the benefit of any Indian tribe or tribes; and he is empowered to purchase and sell bonds and stocks authorized by treaty stipulations or by acts of Congress, when requested so to do by the Secretary of the Interior. (Act June 10, 1876, Stats. 19, p. 58.)

717. For the office of the Treasurer of the United States there are provided, as his principal subordinates, the following, viz.:

1. An Assistant Treasurer.

2. A Cashier.

3. An Assistant Cashier.

4. A Chief Clerk.

5. Five Chiefs of Divisions.

6. Two Tellers.

7. Two Assistant Tellers.

8. One Principal Book-keeper.

9. One Assistant Principal Book-keeper.

There is also provided a National Currency Redemption Division, with a head denominated Superintendent, two principal tellers, and a principal book-keeper; also a Loan Division, with its separate force of clerks of the several classes.

718. The Assistant Treasurer may, with the consent of the Secretary of the Treasury, be designated by the Treas urer to act in the place of and discharge all the duties of the Treasurer of the United States. (R. S., § 304.)

I. THE CASHIER.

719. This officer has @harge of that branch of the Treasurer's office which receives moneys deposited on account of the United States, those placed to the credit of disbursing officers of the Government, funds deposited on account of the Post Office Department, the District of Columbia, and the Freedmen's Savings and Trust Company. Disbursing officers are required by law to deposit all public moneys intrusted to them for disbursement with the Treasurer or some Assistant Treasurer of the United States, and to draw for the same only as it may be required for payments to be made by them in pursuance of law. In places where there is no Treasurer or Assistant, the Secretary of the Treasury may authorize such funds to be kept in some other manner. Accordingly, those disbursing officers who deposit with the Treasurer at Washington have their individual deposit accounts with him as with a bank, upon whom they draw their individual checks as disbursing officer. These checks are paid in the Cash

ier's Division, or cash room of the Treasury, as it is popularly known. The Cashier also pays Treasury drafts and Postmaster-General's warrants made payable at Washington; also checks drawn by the Commissioners of the District of Columbia and by the Commissioners of the Freedmen's Savings and Trust Company, both of these institutions being obliged by law to keep their funds on deposit with the Treasurer of the United States. He also pays such interest on the public debt as is payable at Washington, and redeems old demand five per cent. and compound interest notes. He forwards by express moneys in payment of United States fractional currency and nationalbank notes which have been redeemed or cancelled. He receives, counts, and redeems minor coins, keeps the general account of the issues and redemptions of coin and currency certificates, the account of the deposits and destructions of notes of national banks which have failed, gone into liquidation, or have reduced their circulation. He receives and receipts for United States notes held in reserve, prepares checks for the transfers of funds from one depositary to another, examines and settles the Treasurer's transfer accounts with the Assistant Treasurers, and makes up the pass-books of disbursing officers having deposit accounts with the Treasurer. In these duties he has the assistance of the Assistant Cashier, the two Tellers, two Assistant Tellers, and the several clerks detailed, all constituting the Cashier's Division.

II. THE CHIEF CLERK.

720. This officer's general duties are of a supervisory character. He attends to the routine of the business of the office and the conduct and labors of the other clerks. His special duty is to receive, record, and distribute the mail, to distribute the business of the office to the several