Mr. FESSENDEN. I am directed by the ComFinance, to whom was referred the bill (H.R.No. 621) to regulate and secure the safe keeping of public money intrusted to disbursing officers ot the U.S., to report it back and recommend its passage. The Iiill is very short and plain; the committee have proposed no amendment to it, and I should like to have it taken up and disposed of at once by the consent of the Senate. By unanimous consent the bill was considered as in ComWhole. It proposes to make it the duty of every disbursing officer of the U.S. having any public money intrusted to him for disbursement to deposit the same with the Treasurer or some one of the Asst Treasurers of the U.S., and to draw for the same only as it inuy be required for payments to be made by him in pursuance of law; and to provide that all transfers from the Treasury of the U.S. to adisbursing officer shall be by draft or warrant on the Treasury or an Asst Treasurer of the U.S.; but in places where there is no Treasurer or Asst Treasurer of the U.S. the SecyTreasury may, when he deems it essential to the public interest, specially authorize in writing the deposit of sucii public money in any other public depository, or, in writing, authorize the same to be kept in any other manner, and under such rules and regulations as he may deem most safe and effectual to facilitate the payments to public creditors. If any disbursing officer'of the U.S shall deposit any public money intrnsted to him in any place or in any manner, except as authorizeg by law, or shallconvert to his own use in any way whatever, or shall loan, with or without interest, or shall for any purpose not prescribed bylaw withdraw from the '1 reasurer or any Asst Treasurer, or any authorized depository, or shall for any purpose not prescribed by law transfer or applyany portion of the public money intrusted to him, every such act shall be deemed and adjudged an embezzlement of the money so deposited, converted, used, loaned, withdrawn, transferred, or applied, and every such act is declared to be a felony, and upon conviction is to be punished by imprisonment for a term not less than one year nor more than ten years, or by line not more than the amount embezzled nor less than $1,000, or by both such fine and imprisonment, at the discretion of the court. If any banker, broker, or any person not an authorized depositary of public money, shall knowingly receive from any disbursing officer, or collector ofinternalrevenue, or other agent of the U.S., any public money on deposit or by way of loan or accommodation, with or without interest, or otherwise than in payment of a debt against the U.S.; or shall use, transfer, convert, appropriate, or apply any portion of the public money for any purpose not prescribed by law; or shall coun sel, aid, or abet any disbursing officer or collector ofinternnl revenue or other agent @the U.S. in so doing, every such act shall be deemed and adjudged an embezzlement of the money so deposited. loaned, transferred, used, converted, appropriated, or applied; and any president, cas ner, teller, director, or other officer of any bank or banking association who shall violate any of the provisions of this act shall be deemed and adjudged guilty of embez zlement of public money, and punished as before provided.