Government in the United States, National, State and LocalGarner, James Wilford
History
Government in the United States, National, State and Local
Garner, James Wilford
United States -- Politics and government
_The other bureaus and divisions_ in the department of state are:
accounts, rolls and library, appointments, information, Far Eastern
affairs, Near Eastern affairs, Western European affairs, and
Latin-American affairs.
=The Department of the Treasury.=--For the most part the department of
the treasury is concerned with the management of the national finances,
including (1) the administration of the revenue laws, (2) the custody of
the national funds, (3) the preparation of the budget, (4) the
administration of the currency and national banking laws, (5)
miscellaneous functions such as those relating to the life-saving
service, the public health and marine hospital service, engraving and
printing, construction of public buildings, etc.
The custody of the government funds devolves upon the _Treasurer_, who
is charged with receiving and disbursing upon proper warrant all public
moneys that may be deposited in the treasury at Washington or in the
subtreasuries at New York, Philadelphia, Baltimore, Cincinnati, Chicago,
St. Louis, New Orleans, and San Francisco, as well as in national banks
and federal reserve banks. He is also the custodian of miscellaneous
trust funds, is the agent of the government for paying interest on the
public debt and for issuing and redeeming government paper currency and
national bank notes, and is the custodian of the bonds deposited to
secure national bank circulation.
_The Register of the Treasury_ issues and signs all bonds of the United
States, registers bond transfers and redemption of bonds, and signs
transfers of public funds from the treasury to the subtreasuries or
depositories.
_The Commissioner of Internal Revenue_ supervises the collection of the
federal income tax and of the taxes on the manufacture of tobacco, etc.,
and supervises the enforcement of the prohibition law.
_The Director of the Budget_, provided for by the new budget act of
1921, prepares for the President the annual budget and all other
estimates of revenues and expenditures, and with that end in view, has
power to assemble, correlate, revise, reduce, or increase the estimates
of the several departments or establishments. The President is, however,
directly responsible for the budget, and transmits it to Congress. By
the same act, the office of _Comptroller of the Treasury_ was abolished,
and the auditing and accounting functions were removed from the Treasury
Department to an independent General Accounting Office, with the
_Comptroller-General of the United States_ at its head.
Public-domain text, read in full here on John Shaqi.
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