RENCY

In the Revised Statutes of the U. S. § 324, it provides there shall be in the Department of the Treasury a Bureau charged with the execution of all laws passed by Congress relating to the issue and regula- tion of a national currency secured by U. S. bonds; the chief officer of which Bureau shall be called the Comptroller of the currency, and shall perform his duties under the general direction of the Secretary of the Treasury. The Comptroller of the Currency shall be appointed by the President, on the recom- mendation of the Secretary of the Treasury, by and with the advice and consent of the Senate, and shall hold his office for the term of five years unless sooner removed by the President, upon reasons to be communicated to him by the Senate; and he shall be entitled to a salary of five thousand dollars a year. Id., § 325. The Comptroller of the Treasury shall within fifteen days from the time of notice of his appointment, take and subscribe the oath of office; and he shall give to the U. S. a bond in the penalty of one hundred thou- sand dollars, with not less than two responsi- ble securities, to be approved by the Secre tary of the Treasury, conditioned for the faithful discharge of the duties of his office. Id., § 326. The Comptroller of the Currency, in addition to the powers conferred upon him by law for the examination of national banks, is further authorized, whenever he may deem it useful, to cause examination to be made into the condition of any bank in the District of Columbia organized under act of Congress. The Comptroller, at his discre- tion, may report to Congress the results of such examination. The expense necessarily incurred in any such examination shall be paid out of any appropriation made by Con- gress for special bank examinations. Id., 332. The Comptroller of the Currency shall make an annual report to Congress, (at the commencement of its session). Id., 333. See COMPTROLLER.

1 See Thompson v. Riggs, Scammon v. Kimball, 1 Scammon v. Kimball, 92 U. S. 369-70 (1875), Clifante; First Nat. Bank of South Bend v. Lanier, 11 ford, J. 2 Pattison v. Syracuse Nat. Bank, 80 N. Y. 82, 89, 94 (1880), cases, Rapallo, J. Earliest case, Foster v. The Essex Bank, 17 Mass. 478, 496 (1821), Parker, C. J.,- in which the special deposit was a cask containing $53,000 in gold coin. * First Nat. Bank of Carlisle v. Graham, 100 U. S. 703, 702 (1879), Swayne, J.: 79 Pa. 106. See further Prather v. Kean, 29 F. R. 498 (1887): 26 Am. Law Reg. 92; ib. 97-98 (1887), cases. Chesapeake Nat. Bank v. Connecticut Mut. Ins. Co., 104 U. S. 64-71 (1881), cases. See 37 N. J. E. 18. Nat. Bank of the Republic v. Millard, 10 Wall. 157 (1869), cases; Rosenthal v. The Mastin Bank, 17 Blatch. 822-23 (1879), cases. Wall. 375 (1870); First Nat. Bank of Cincinnati v. Burkhardt, 100 U. S. 689 (1879); Chesapeake Nat. Bank v. Connecticut Mut. Ins. Co., 104 id. 54, 64-71 (1881), cases. 2 Coates v. First Nat. Bank of Emporia, 91 N. Y. 26 (1883). * Florence Mining Co. v. Brown, 124 U. S. 391 (1888), Field, J. Leather Manufacturers' Bank v. Morgan, 117 U. S. 106 (1886), cases, Harlan, J. See same case, ACCOUNT, 1. On relation of depositors to bank, see further Fletcher v. Sharpe, Sup. Ct. Ind. (1887), cases: 26 Am. Law Reg. 71; ib. 74-82 (1887), cases. As to fiduciary depositors, see ib. 25, 29-30 (1887), cases. • Welton v. Adams, 4 Cal. 39 (1854); Gregg v. Union