Volume 5
Public Law 24–XXXV
to authorize the proper officers of the Treasury Department to credit the account of the Treasurer of the United States with the amount of unavailable funds standing to his debit on the books of the Treasury, to transfer the amount of the debit of banks and individuals indebted for the same, and to authorize the Secretary of the Treasury to compromise and settle said claims.
Approved March 3, 1837
Statutory text
An Act
to authorize the proper officers of the Treasury Department to credit the account of the Treasurer of the United States with the amount of unavailable funds standing to his debit on the books of the Treasury, to transfer the amount of the debit of banks and individuals indebted for the same, and to authorize the Secretary of the Treasury to compromise and settle said claims.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That
The account of the Treasurer to be credited with the amount of unavailable funds.
the proper accounting officers of the Treasury be, and they are hereby authorized to credit the account of the Treasurer of the United States with the amount of the unavailable funds, whether charged to John Campbell, or his predecessors, and to transfer the amount to the debit of the banks and individuals, respectively, that may be indebted for the same.
Sec. 2.
And be it further enacted, That
Secretary of Treasury authorized to settle claims of U. S. of the above description.
the Secretary of the Treasury be, and he is hereby, authorized to compromise and finally settle the claims of the United States, of the above description, against said banks and individuals who have proved insolvent, or failed to make punctual payments, on such terms and conditions as he may deem most conducive to the interests of the United States:
Proviso.
Provided, That this act shall not authorize any compromise of the debt due from the Alleghany
1839, ch. 26.
Bank of Pennsylvania.
Approved, .