Beginning with the year 1792 the Coinage Act also known as the Mint Act was passed and one of the officers so named is a treasurer for the purpose of a national coinage.
Once again, in 1846 a law was passed titled the Independant Treasury Act. The Act names an officer to be titled as the treasurer of the United States -“…a substantial treasurer, and a real treasurer…” and this treasurer is for a “substantive treasury”. This Act states that “…it shall be the duty of the treasurer to reserve and keep the moneys of the United States.
https://www.nps.gov/parkhistory/online_books/feha/treasury.pdf
(See the bottom of each page 13 and 14)
In the years of 1920 and 1921, the Independant Treasury was amended and the offices of assistant treasurers were abolished along with the Independent Treasury itself. The functions of the Treasurer as per the amendmend was transferred. Quote; “the secretary of the treasury…” “…to transfer any or all of the duties and functions perfom or authorize to be performed by the assistant treasurers…” “…to the Treasurer of the United States…”. (view details below)
Today, the treasurer of the United States applies its signature as Treasurer on Federal Reserve Notes. The Treasurer of the United States signs on the Federal Reserve notes in circulation.
Since June 1972 it is evidenced by the AMERICAN INSTITUTE FOR ECONOMIC RESEARCH that these Federal Reserve Notes are “I.O.U. Nothings”
The treasurer is signing for the United States on Federal Reserve Notes. This paper with the word Note on it is being used as “I.O.U. Nothings” and has allowed for questionable situations for everyone today to live under.
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The True U.S.A. Dollar as defined by the Coinage Act of 1792 identifies a Treasurer’s purpose and role for the United States. This is also confirmed with the Independant Treasury Act of 1846 that continued up until 1921.
The role of the treasurer in the Independant Treasury Act of 1846 was tranfered in 1921 when the Independant Treasury Act itself was repealed in 1921. The role of the Treasurer is that “…it shall be the duty of the treasurer to reserve and keep the moneis of the United States…”.
The present Treasurer of the United States functions in its role as described in the Independant Treasury Act of 1846 with the United States Department of the Treasury as advisor and still remains today for the original True U.S.A. dollar of 1792.
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Further information is expanded on below to provide further details in chronological order along with its sources.
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“Coinage Legislation under President George Washington titled” THE PURPOSE OF A NATIONAL COINAGE SEC.1 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, and it is hereby enacted and declared … there shall be the following officers and persons, namely, — … a treasurer…” (view The Treasurer section) |
The Independent Treasury was a system for the retaining of government funds in the United States Treasury and its subtreasuries, independently of the national banking and financial systems. In one form or another, it existed from 1846 to 1921.
BY AUTHORITY OF CONGRESS The Statutes at Large and Treaties OF The UNITED STATES OF AMERICA FROM DECEMBER 1, 1845, TO MARCH 3, 1851 (view page 59 onward for the complete act independent treasury act of 1846 for your reading pleasure)
Source https://www.loc.gov/law/help/statutes-at-large/29th-congress/c29.pdf
For further information of it history
view https://www.nps.gov/parkhistory/online_books/feha/treasury.pdf
SECTIONS OF THE INDEPENDENT TREASURY ACT REFERENCE THE TREASURER AND TREASURES
(See copyright source above page 13)
“The 1846 law establishing the Independent Treasury System
consisted altogether of 24 sections.“
“The Treasury was to become a “substantive treasury” (see general definiton below) and the Treasurer of the United States a “substantive treasurer, and a real treasurer.”“
“It shall be the duty of the Treasurer to reserve and keep the moneys of the Unites States.“
In reading page 14 It evidences in the first section of the Independent Treasury Act of 1846 it states clearly “declared to be the Treasury of the United States”
(See copyright source above page 15)
“The sixth section, dealing with functions of Treasurer officials, was at the heart of the Treasury’s transformation: That the Treasurer of the United States, the treasurer of the mint of the United States …”
The mint act of 1792 also known as the coinage act of 1792
| See definition: sub•stan•tive (ˈsʌb stən tɪv) adj. 1. having independent existence; independent. 2. belonging to the real nature or essential part of a thing; essential. 3. real or actual. 4. of considerable amount or quantity. 5. possessing substance; having practical importance, value, or effect: substantive issues. 6. a. of, pertaining to, or functioning as a noun: a substantive adjective. b. expressing existence: To be is a substantive verb. 7. Law. relating to rules of right, rather than those of procedure (opposed to adjective). 8. (of dye colors) attaching directly to the material without the aid of a mordant (opposed to adjective). 9. a noun. 10. a pronoun, adjective, or other word or phrase functioning as a noun.[1350–1400; Middle English < Late Latin substantīvus] |
May 29, 1920
[H.R. 14100]
[Public, No. 231]
Legislative, executive, and judicial appropriations.
In the year of 1921, after the enacting of the indeopendent treasury act of 1846, the following statut occured on May 29, 1920 H.R.14100, Public Number 231. 41 Stat. At 631 chapter. 214 see below
[41 Stat. at L. 631] CHAP. 214. – An Act Making appropriations for the legislative, executive, and judicial expenses of the Government for the fiscal year ending June 30, 1921, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the following sums are appropriated, out of any money in the Treasury not otherwise appropriated, in full compensation for the service of the fiscal year ending June 30, 1921, namely…
Then under 41 stat. at L. 654 section 3595 of the revise statutes of the United States from July 1, 1921 onward the officies of assistant treasures abolished and the transfer of duties were transfered to the treasur of the United States… (see below section titled transfer of duties)
| Independent Treasury.Offices of assistant treasurers abolished from July 1, 1921.
R.S. 3595, p. 710, repealed. Subtreasuries to be discontinued. Termination of services of employees. |
[41 Stat. at L. 654] Section 3595 of the Revised Statutes of the United States, as amended, providing for the appointment of an Assistant Treasurer of the United States at Boston, New York, Philadelphia, Baltimore, New Orleans, Saint Louis, San Francisco, Cincinnati, and Chicago, and all laws or parts of laws so far as they authorize the establishment or maintenance of offices of such Assistant Treasurers or of Sub-treasuries of the United States are hereby repealed from and after July 1, 1921; and the Secretary of the Treasury is authorized and directed to discontinue from and after such date or at such earlier date or dates as he may deem advisable, such subtreasuries and the exercise of all duties and functions by such assistant treasurers or their offices. The office of each assistant treasurer specified above and the services of any officers or other employees assigned to duty [41 Stat. at L. 655] at his office shall terminate upon the discontinuance of the functions of that office by the Secretary of the Treasury. |
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Transfer of duties.
Utilization of Federal reserve banks authorized.
Provisos Use of member banks as depositaries not affected. |
The Secretary of the Treasury is hereby authorized, in his discretion, to transfer any or all of the duties and functions performed or authorized to be performed by the assistant treasurers above enumerated, or their offices, to the Treasurer of the United States or the mints or assay offices of the United States, under such rules and regulations as he may prescribe, or to utilize any of the Federal reserve banks acting as depositaries or fiscal agents of the United States, for the purpose of performing any or all of such duties and functions, notwithstanding the limitations of section 15 of the Federal reserve Act, as amended, or any other provisions of law: Provided, That if any moneys or bullion, constituting part of the trust funds or other special funds heretofore required by law to be kept in Treasury offices, shall be deposited with any Federal reserve bank, then such moneys or bullion shall by such bank be kept separate and distinct from the assets, funds, and securities of the Federal reserve bank and be held in the joint custody of the Federal reserve agent and the Federal reserve bank: Provided further, That nothing in this section shall be construed to deny the right of the Secretary of the Treasury to use member banks as depositaries as heretofore authorized by law. |
| Use of subtreasury buildings, equipment, etc. | The Secretary of the Treasury is hereby authorized to assign any or all the rooms, vaults, equipment, and safes or space in the buildings used by the subtreasuries to any Federal reserve bank acting as fiscal agent of the United States. |
| Transfer of eligible civil service employees.
Preferences. |
All employees in the subtreasuries in the classified civil service of the United States, who may so desire, shall be eligible for transfer to classified civil service positions under the control of the Treasury Department, or if their services are not required in such department they may be transferred to fill vacancies in any other executive department with the consent of such department. To the extent that such employees possess required qualifications, they shall be given preference over new appointments in the classified civil service wider the control of the Treasury Department in the cities in which they are now employed. |
| Assistant treasurers’ office. Baltimore. |
BALTIMORE, OFFICE OF ASSISTANT TREASURER: Assistant treasurer, $4,500; cashier, $2,500; paying teller, $2,000; receiving teller, $1,900; exchange teller, $1,800; vault clerk, $1,800; clerks-two at $1,600 each, three at $1,400 each, three at $1,200 each, three at $1,000 each; messenger, $840; three watchmen, at $720 each; in all, $31,500. |
| Boston. | BOSTON, OFFICE OF ASSISTANT TREASURER: Assistant treasurer, $5,000; cashier, $2,500; paying teller, $2,500; vault clerk, $2,000; receiving teller, $2,000; redemption teller, $1,800; clerks-one $2,200, five at $1,600 each, one $1,500, one $1,400, two at $1,200 each, three at $1,100 each, four at $1,000 each; chief guard, $1,100; three watchmen, at $850 each; laborer and guard, $720; four money counters and handlers for money laundry machines, at $900 each; in all, $46,570. |
| Chicago. | CHICAGO OFFICE OF ASSISTANT TREASURER: Assistant treasurer, $5,000; cashier, $8,000; assistant cashier, $2,000; vault clerk, $2,250; paying teller, $2,500; assorting teller $2,000; redemption teller, $2,000; change teller, $2,000; receiving teller, $2,000; two book.. keepers, at $1,500 each; clerks-one $1,750, one $1,600, nine at $1,500 each, thirteen at $1,200 each; attendant for money laundry machines, $1,200; hail man, $1,100; messenger, $840; three watchmen, at $720 each; janitor, $720; eight money counters and handlers for money laundry machines, at $900 each; in all, $71,420. |
| Cincinnati. | CINCINNATI, OFFICE OF ASSISTANT TREASURER: Assistant treasurer, $4,500; cashier, $2,250; paying teller, $2,000; receiving teller, $1,800; [41 Stat. at L. 656] vault clerk, $1,600; clerks-two at $1,800 each, four at $1,200 each, two at $1,000 each; clerk and stenographer, $1,000; chief watchman, $840; two watchmen, at $720 each; in all, $24,830. |
| New Orleans. | NEW ORLEANS OFFICE OF ASSISTANT TREASURER: Assistant treasurer, $4,500; cashier, $2,250; paying teller, $2,000; receiving teller, $2,000; vault clerk, $1,800; assorting teller, $1,200; cIerk-one $1,500, five at $1,200 each, one $1,000; typewriter and stenographer, $1,000; clay watchman, $720; night watchman, $720; messenger, $600; four guards, at $720 each; in all, $28,170. |
| New York. | NEW YORK, OFFICE OF ASSISTANT TREASURER Assistant treasurer, $8,000; cashier, $4,200; assistant cashier, $3,600; chief clerk, $3,000; check pay division-chief $3,000, assistant chief $2,000, bond clerk and assistant vault clerk, $2,800, paying teller, $3,000, assistant paying teller, $2,250, receiving teller $2,800; redemption division- chief $2,700, assistant chief $2,250, vault and authorities clerk $2,500; coin division-chief $2,700, assistant chief $2,000, paying teller $2,100; bookkeepers-chief $2,400, two at $2,000 each; clerks-one $2,300, two at $2,000 each, one $1,900, one $1,800, one $1 700, four at $1,600 each, seven at $1,500 each, nine at $1,400 each, five at $1,300 each, eight at $1,200 each, one $1,000; messengers-two at $1,200 each, five at $900 each, two at $800 each; guards-chief $1,500, one $1,200, four at $1,000 each; superintendent of building, $1,800; engineers-chief $1,200, two at $1,050 each; eight watchmen, at $720 each; twelve money counters and handlers for money laundry machines, at $900 each; in all, $150,460. |
| Philadelphia. | PHILADELPHIA, OFFICE OF ASSISTANT TREASURER: Assistant treasurer, $5,000; cashier, $2,500; paying teller, $2,250; coin teller, $2,000; vault clerk $1,900; bookkeeper, $1,800; assorting teller, $1,800; receiving teller, $1 700; redemption teller, $1,600; clerks-one $1,600, two at $1,500 each, two at $1,400 each, one $1,300, five at $1,200 each, one $1,000; chief guard $1,100; five counters, at $900 each; six watchmen, at $720 each; tour money counters and handlers for money laundry machines, at $900 each; in all, $49,770. |
| Saint Louis. | SAINT LOUIS, OFFICE OF ASSISTANT TREASURER: Assistant treasurer, $4,500; cashier, $2,500; paying teller, $2,000; receiving teller, $1,800; change teller, $1,600; corn teller, $1,200; clerks-two at $1,500 each, five at $1,200 each, two at $1,100 each, three at $1,000 each, three at $900 each; two watchmen, at $720 each; two janitors, at $600 each; guard, $720; in all, $33,860. |
| San Francisco. | SAN FRANCISCO, OFFICE OF ASSISTANT TREASURER: Assistant treasurer, $4,500; cashier, who also acts as vault clerk, $2,800; bookkeeper, $2,000; paying teller, $2,400; receiving teller, $2,000; clerks-one $2,000, two at $1,800 each, one $1,500; stenographer and typewriter, $1,200; messenger, $840; four watchmen, at $720 each; two guards, at $720 each; in all, $27,160. 656 |
Today, the Treasurer of the United States advices the deputy Secretary of the Treasury amongst other responsabilities. As the treasurer of the United States advices the director of the mint this support that the mint is refering to the mint act of 1792 also known as the Coinage Act of 1792 that defines in law the true U.S. dollar of the United States.
Thus, the Treasurer of the United States is an official in the United States Department of the Treasury who was originally charged with the receipt and custody of government funds, though many of these functions have been taken over by different bureaus of the Department of the Treasury. Responsibility for oversight of the Bureau of Engraving and Printing, the United States Mint, and the United States Savings Bonds Division (now the Savings Bond Marketing Office within the Bureau of the Public Debt) was assigned to the Treasurer in 1981. As of 2002 the Office of the Treasurer underwent a major reorganization. The Treasurer now advises the Director of the Mint, the Director of the Bureau of Engraving and Printing, the Deputy Secretary and the Secretary of the Treasury on matters relating to coinage, currency and the production of other instruments by the United States.[1]
The Treasurer’s signature, as well as the Treasury Secretary’s, appear on Federal Reserve Notes.
View website https://en.wikipedia.org/wiki/Treasurer_of_the_United_States
Today, the Treasurer of the United States signs on the Federal Reserve notes in circulation. Since June 1972 it is evidenced by the AMERICAN INSTITUTE FOR ECONOMIC RESEARCH are “I.O.U. Nothings”
View Overview for further evidence and details
View also Who We Are regarding the solutions.
