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Updated: September 28, 2025
It is "an act to provide for the better collection, safe-keeping, and disbursement of the public revenue by means of a corporation to be styled the Fiscal Corporation of the United States." In style, then, it is plainly national in its character. Its powers, functions, and duties are those which pertain to the collecting, keeping, and disbursing the public revenue.
Johnston acted for a considerable length of time as disbursing agent for the Western Division of the army. After the division of Tryon county in 1779 into Lincoln and Rutherford counties, he was elected to the Senate from the former county in 1780, '81 and '82.
If the expenditures of the remaining two-thirds of the year do not exceed the proportion for these four months, there will remain unexpended at the end of the year $477,359.30 of the current appropriations. The report of the Secretary shows the gratifying fact that among all the disbursing officers of the Pay Corps of the Navy there is not one who is a defaulter to the extent of a single dollar.
God Himself gives nothing 'free' you've got to pay with your very life for each gulp of air you breathe, and rightly too! And if you try to get something out of His creation without paying for it, the bill is presented in due course with compound interest!" "I agree with you," said Helmsley. "But what, then, of the poor rich men? You don't approve of Carnegie's methods of disbursing wealth.
He does not examine the merits of the transaction or determine the reasonableness of the price paid for the articles purchased, nor does he furnish any substantial check upon disbursing officers and the heads of departments or bureaus with sufficient promptness to enable the Government to recoup itself in full measure for unlawful expenditure.
This concurrence of opinion in favor of that system is perhaps as great as exists on any question of internal administration. In the modes of business and official restraints on disbursing officers no legal change was produced by the suspension of specie payments. The report last referred to will be found to contain also much useful information in relation to this subject.
Clement B. Smyth, the president and vice-president of this company, are of long experience in the management of their business; and the business of the company increases from year to year, demanding all the room in its commodious location, and necessitating an office in New York, where, at No. 71 Broadway, the large disbursing interests of the works are partly attended to.
It appears that he spent habitually more money than he could well afford, freely indulging his taste for magnificence, and disbursing large sums in the purchase of curiosities. Long before his death his estate had been involved in debt; and after his decease, his sons were forced to sell the pictures in his studio for the payment of pressing creditors.
"Well, if you praise my father for disbursing millions, so will you also be content with me, for it is my purpose zealously to imitate him. I will begin by putting my court upon a truly royal footing; I will live as it becomes the King of Prussia. The necessary preparations are already commenced, and a detailed plan lies now upon the table; I will sign it to-day."
The consequence was that every department swarmed with traitors; that men who ate the King's bread, men who were entrusted with the duty of collecting and disbursing his revenues, of victualling his ships, of clothing his soldiers, of making his artillery ready for the field, were in the habit of calling him an usurper, and of drinking to his speedy downfall.
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