F.

the United States in the various banks of public deposite, and the mint, for which drafts and warrants have been issued, and were then unpaid; the amount of future transfers to and from certain banks, ordered by the

2,177,239 88 44,004,445 75 1,613,825 28 2,534,825 28 13,755,000 00 | 13,755,000 00

per Treas. books 42,899, 167 49

TREASURER'S OFFICE, December 2, 1836.

JOHN CAMPBELL, Treasurer United States.

Hon. LEVI WOODBURY, Secretary of the Treasury.

G.

Circular to Receivers of Public Money, and to the Deposite Banks.

TREASURY DEPARTMENT, July 11, 1836.

In consequence of complaints which have been made of frauds, speculations, and monopolies, in the purchase of the public lands, and the aid which is said to be given to effect these objects by excessive bank credits, and dangerous if not partial facilities through bank drafts and bank deposites, and the general evil influence likely to result to the public interests, and especially the safety of the great amount of money in the Treasury, and the sound condition of the currency of the country, from the further exchange of the national domain in this manner, and chiefly for bank credits and paper money, the President of the United States has given directions, and you are hereby instructed, after the 15th day of August next, to receive in payment of the public lands nothing except what is directed by the existing laws, viz: gold and silver; and, in the proper cases, Virginia land scrip; provided that till the 15th of December next, the same indulgences heretofore extended as to the kind of money received, may be continued for any quantity of land not exceeding 320 acres to each purchaser who is an actual settler or bona fide resident in the State where the sales are made.

In order to insure the faithful execution of these instructions, all receivers are strictly prohibited from accepting, for land sold, any draft, certificate, or other evidence of money, or deposite, though for specie, unless signed by the Treasurer of the United States, in conformity to the act of April 24, 1820. And each of those officers is required to annex to his monthly returns to this department the amount of gold, and of silver, respectively, as well as the bills received under the foregoing exception; and each deposite bank is required to annex to every certificate given upon a deposite of money, the proportions of it actually paid in gold, in silver, and in bank notes. All former instructions on these subjects, except as now modified, will be considered as remaining in full force.

The principal objects of the President in adopting this measure being to repress alleged frauds, and to withhold any countenance or facilities in the power of the Government from the monopoly of the public lands in the hands of speculators and capitalists, to the injury of the actual settlers in the new States, and of emigrants in search of new homes, as well as to discourage the ruinous extension of bank issues and bank credits, by which those results are generally supposed to be promoted, your utmost vigilance is required, and relied on, to carry this order into complete execution.

LEVI WOODBURY,

Secretary of the Treasury.

INDEX

То

REPORTS OF THE SECRETARY OF THE TREASURY

ON THE

FINANCES, THE PUBLIC DEPOSITES, AND THE CURRENCY OF THE
UNITED STATES, FROM 1829 TO 1836, INCLUSIVE.

A.

Appraisement of goods under the act of 28th May, 1830.-Diffi-
culties existing in the

Appraisement of goods be made at value in the place of importation,
and not by foreign invoice.-Recommendation that the
Appraisers of imported goods, and suggesting an additional appoint-
ment in New York.-Remarks on the arduous duties of
Appropriations unexpended at the close of 1829, and applicable
to 1830

unexpended at the close of 1830, and applicable
to 1831

unexpended at the close of 1831, and applicable
to 1832

unexpended at the close of 1832, and applicable
to 1833

Page

91

94

12

6

- 86, 87, 89

218, 219

284

unexpended at the close of 1833, and applicable
to 1834

379

unexpended at the close of 1834, and applicable
to 1835

464

unexpended at the close of 1835, and applicable
to 1836

628

unexpended at the close of 1836, and applicable
to 1837

for various public objects on the payment of the
public debt.-Recommending
by legalizing the seizure by the Bank United
States of funds in its own hands.—The Secre-
tary of the Treasury complains of a probable
undue exercise of power by the Judiciary, in-
stead of Congress and the Executive, to make -
by Congress greatly exceeding the estimates, and
the necessity from this cause for larger surplus
on the 1st January of each year.-Remarks
of Secretary of the Treasury on the effect of