payable out of the accruing revenue before it is transferred to the credit of the Treasurer, the Secretary of the Treasury is hereby authorized to pay the said debentures and other charges out of any money in the Treasury not otherwise appropriated.(1) 16. The Secretary of the Treasury is hereby authorized to arrange and settle any of the outstanding transfer drafts given to transfer moneys to the States under the act of twenty-third of June, 1836, and which have not been paid by the depositories upon which they were drawn, or otherwise arranged and settled by the United States, by receiving such drafts at par in payment of any debts due to the United States, without any allowance of interest for the time the drafts have been outstanding and paid, or any other allowance for interest or damages of any description.(2) 17. The last clause of the fifth section of the act entitled "An act to regulate the deposites of the public money," approved on the 23d day of June, 1836, declaring that the notes or bills of no bank shall be received in payment of any debt due to the United States, which shall, after the fourth day of July, in the year one thousand eight hundred and thirty-six, issue any note or bill of a less denomination than five dollars, is hereby so far modified, as that the interdiction as to the reception of the bills and notes shall not continue against any bank which has, since the said fourth day of July, in the year one thousand eight hundred and thirty-six, issued bills or notes of a less denomination than five dollars, or which shall issue any such bills or notes prior to the first day of October, in the year eighteen hundred and thirty-eight, but that from and after the said last mentioned day, the bills or notes of no bank shall be received in payment of any debt due to the United States, which bank shall after that date, issue, or re-issue, or pay out any bill or note of a denomination less than five dollars.(3) (See article 164.) 18. All the money arising from the bequest of the late James Smithson, of London, for the purpose of founding at Washington, in this District, an institution to be denominated the Smithsonian Institution, which may be paid into the Treasury, is hereby appropriated and shall be invested by the Secretary of the Treasury, with the approbation of the President of the United States, in stocks of States, bearing interest at the rate of not less than five per centum per annum, which said stocks shall be held by the said Secretary in trust, for the uses specified in the last will and testament of said Smithson, until provision is made by law, for carrying the purpose of said bequest into effect; and the annual interest accruing on the stock aforesaid, shall be, in like manner, invested for the benefit of said institution.(4) 19. The Secretary of the Treasury shall cause to be made under the superintendence of Mr. Hassler, one standard balance for each State, and when completed, cause the same to be delivered to the respective Gover nors for the use of the respective States.(5) 20. The Secretary of the Treasury is hereby authorized to sell upon the best terms he can command for money in hand in the markets of this, or of any foreign, country, as upon inquiry he shall find most for the interest of the United States, the two bonds held by the United States against "the President, Directors, and Company of the Bank of the United States," char (1) Act October 16th, 1837, sec. 2. (2) Ibid. sec. 3. (3) Act July 5th, 1838. (4) Act July 7th, 1838, sec. 6. tered by the State of Pennsylvania, which will fall due in the month of September, in the year 1839, and 1840, being the two last of four several bonds, dated on the 10th day of May, 1837, given to secure the payment of the sum of one million nine hundred and eighty-six thousand, five hundred and eighty-nine dollars and four cents each, with interest upon each bond, at the rate of six per centum per annum, from the 3d day of March, 1836, until paid, the said four bonds having been received by the United States as security for the final payment of the stock held by the United States, in the late Bank of the United States, chartered by Congress, and to execute under his hand and the seal of his office, to the purchaser or purchasers of the said bonds, suitable and proper assignments to transfer to the said purchaser or purchasers, his, her, or their representatives, or assigns, all the right, title and interest of the United States, of, in, and to the money due and to become due upon the bonds sold and assigned in pursuance of this act: Provided, That no sale of either of the said bonds shall be made upon terms less favourable to the United States than the par value of the bond sold, at the time of sale, calculated according to the rules for estimating the par value of securities upon which interest has run for a time but which securities have not reached maturity.(1) All money received upon the sale of the said bonds, shall be immediately paid into the Treasury of the United States, or placed to the credit of the Treasurer thereof in some proper depository, in the same manner that other moneys, received for dues to the Government, are by law directed to be paid into the Treasury.(2) - 21. It shall not be lawful for the Secretary of the Treasury to make or to continue in force, any general order, which shall create any difference between the different branches of revenue, as to the money or medium of payment, in which debts or dues, accruing to the United States, may be paid.(3) TREATIES. 1 The Treaty of Amity and Commerce between the United States and the Sultan of Muscat, of the 21st Sept. 1833, provides ART. 1. For perpetual peace between the parties. 2. For the privilege of citizens of the United States to enter the harbours of Muscat, and to trade freely. 3. For the payment of five per cent. only, duty on cargo landed. 4. That American citizens shall pay no other duties, &c. than the most favoured nation. 5. That assistance shall be rendered the shipwrecked vessels and mariners of the United States. (1) Act July 7th, 1838, sec. 1. (2) Ibid. sec. 2. (3) Resolution May 31st, 1838. F |