Evansville daily journal. (Evansville, Ind.) 1863-1866, 1864-07-18

act shall Be mads 70 the Treasurer Of the United
States IN trust FOR the ssscc asion with memoir
ansum written OF printed on each bond, and
sigaed by the cashier or some other osicsr Of the
as.oeission making the deposit, recsipt therefor
70 y given 10 said association, er By the Comp
trollsr Of the CurTeney, or BY a clerk auusiuted !
by him for that pzrpose stating that Il "a h II in
trust for the association whose bshzlf such
u 7sfsr Is made, and as security for the redsmp
ton and pay msnt q any circulating notes that
have bern or may Be delivered 10 such association
No assignment or transfer Of anJ such bonds BY
the Trsasursr shall be deemed valid or Of binding
fsrcs aad effect unless eoua tsisigned By the Com2-
trollsr Of The Currency II shall be TIE duty Of 4
the Comptroller Ct the Currency 20 keep in his 1
sfice book in which shall bs entered the mans or
eFsry sssoeiati0n from Whofe aecou8ts snch trans
fer u bSaas i made ~ the Treasurer, and TIE /
name Of 1as party % whom such trEnsfer Is /
maze; and the par value Of the boats 30 trans I
fsffed siall be enfs ed here aaI it shall be the
dsty Of The Co apt oiieT. iaaediately upon /
eounteFsignfBg and entering the same 10 advise /
- nal the association From whose ace5unt such /
ffaaEssr made II the kind aid numerical dss- /
EQUATION Of the bonds and TIE amount thsreof 90 /
transferrsd
tss. 20. Ind Be q further esaeted, That il shall
be she duty tbs Com ptFoIIsr # the Currency TO
c>nntersig3 and enter In the book in tbs manner
Aforesaid, e7sFy transfer or assignment sf any
boads hsld DJ tbs TFeaturer presented for hls sig
BEfurs; ard the Comptroller shall hays at All
times during ONCE bssrs access 70 the books cf
the Treasurer, for the purpose Of sseertsinng tho
soTrscEhess Sfths trantfer or assignment presented
80
have the ltks access TO the book allow mentioned,
kept by tbs Comptroller, d ring onacs hours, to
ascertain the soFTsetnsgs Of entries IN the
ana tbs Comptroller shall also at all fimsa have
s-csss 20 this bends on esposit with the Treasurer,
70 aEeertafa their amount and condition.
sec. a. Asd Be ayaFthsF enacted, That upon the
transfer and aelIVsFy Of bonds 70 ths Trs ssurer
as provided n the foregoing section the associa-
tiou making the same shal Be entitled to receive
frsm ths Comptroller o. the Currency circulating
Nets ofdlfersnt denominations, IA blank, regis
tered and countersigned a. hereinafter provided,
ssuzi In amount 20 ninety per esnium Of the cur
rent marEst yslus Of the United States bonds so
Transferred and delivered, bat aot exceeding uins-
~ per esntum Of the amount OF said bonds at the
par value thereof, II bearing Interest at rate MT
less taas i've per eentnn per annum and at no
tins shall tbs total SaRt Of rach notes. issusa
| 70 any such association, exceed the amount At
szeh time actually paid In Of its capital stock
Sc a. ARd ts u further enacted, That the en-.
tire aBaouat Of aotss Er cir -ulatioB 70 be Issued
/ under iAls act shall not exceed three hundred
/ millioss Of dollars. Ia oder = fsrnish sui able
nolss for circulation, tbs Comptroller Of tie Cur
/ rsney is hereby authorized and required, under
tbs direction Of the Secretary u the Treasury to
cause plates and dies 10 bs engraved, In the best
manner 70 guard against counterfsiting and frand-
ulsnt altsratioas, and 70 have printed thsrsfrom,
aud numbered, such quantity Of circulating notes
in blaAk, Of the denoninations Of one dollar, two
dollars, three dollars, Eve dollars, ten collars
twenty dollars, my dollars, one haadrsd dollars
i've hundred dollars, and one thousand dsllnrs, as
| may b. required 70 supply, under this set, the
associations entitled 10 receive this same; which
notes shall express upon their faes that thev are
| secured By Uaited states bonds, deposited with
the Treasurer OF the United States By fhe written
| or engraved signatures Of tbs TFeAsursr and Reg
later and BY the imprint Of ths seal ofthe TFsas-
| nrJ and shall also express upoa their face the
| promise Of the association recslgipg the sane to
psy on demand attestsd by tho signatures Of the
prssidsnt OF vi prssidsnt aad cashier. And the
said notsa shall bsaF such dsvicss and ash other
statemshts, and shall b. In such form, a. ths
| sserstgry Of the Treasury shall, by regulation.
direct Provided That rot more than ones xth
part Of the notes furnished 70 assoeisfion shall
be Of a less denomination thsH i've doIlars, and
that after specie pas ments shall be resumed No
association shall BE- faraishsd with notes Of isss
liberalization than I've dollars.
Soc. - And be Il further enacted, That after any
such association shall hags caused fts promise 20
pay such notes en- demand 30 DO signed by this
President or vice president and cashier thsrsof,
is such manner TO make them obi gatory prom
isory notes, payable On demend, 81 It's place oi
business, such asto a.ion IL hereby authorized ~
Issue and circulate the same money; and the
sams shall be rsesivsd st par in all parts Of tb
United States in payment OF taxes, exaeses pub
lie lands, aid ell other ones 70 the Unitsd atos
except for duties on Imports aud also for ali sal
aries AID other deb 5 and demands owing BIZ ths
UBited states to inaiNldaAlA Coz pogati0ns and as
soelations within the United States, except Inter
eat on ths public Debt, and In rsdsmptiOn Of ths
national currency. And such ASSOCIATE on
shall isans post notes OF any other notes t. cir
euiats a. fnoasy thAn such authorized b
tbs foregoing provislons VI this act.
Soc. a. lad be u further enacted, That II sAai
Be the deity Of the Comptroller OF ths Currency &
receive wefuenf or Maiiated circulating n0t-i
istuoi BY any such banking association, cad also
dus proof q the destruction Of any such sircu.
iating notes. TO deliser 90 place thereof 20 snsh
q ISOLATION other blank circulating notes TO 40
equal amo1ns. and such WORKOUT OF mutilAted
notes, after q memorandum shalt have been en-
tered In tbs proper b0oks, Ia accordance witt
sueh r gua Ions may . established BY tht
Comptroller, - well as all circulating notes which
shall have been paid or surrendered to be can
eeled, shall b. burned 10 ashes IN pro.eAca - foul
psrsoas, one to be appointed By the Secretary O
the rlsaiuTys enc ~ tbs Comptroller Of the Cur
reney. ons ~ the Treasurer Of the United State
and ore by the association. under such reaniA
tions as the Secretary OF she Tfeasury may Pre-
scribe. Aud ceruncate Of such burning, 81 De,
by the parties 90 appointed, shall bs msa, ia tn
book Of the Comptroller, and dup ieaia therao
forwarded 81 she association whose notes are thu
ceHosiied
Sac. Is. Aaa Be q farther enacted, That IL shall
be thadutY Of every bank nz association hayinl
bonds deposited IN the Office Of the Treasurer Q
the United States once 0flener ia each asca
year, and a. such time or iimos during the oEdia
AIRY business hours "a sal elfesr or oiheeFs ma
, iaet, TO examine aud compare tbs bonds .
, pledged with the books Of the Com ptrslisr an
ths scoouHts OF the association, aAd. II found cor
rect, 20 sxsoute To the said Treasurer esrtiaeat
} settling forth the different kinds and ths AMOUNT
thereof, and that the same ih the possession
and custody 81 the Treasurer at the date Of sue
certificate. Such examination may be made b
an of1cer oragent Of such sssoeistisn, duly sp
pointed IN writing for that purpose, whose Ger
validity as II executed by such president or easll
Ter; and duplicate signed BY the Treasurer shall
! be retained BY the association.
Sec. 10. Aad b q further enacted That the bond
Transferred to and deposited with the Treasurer
, the United States, As hersiabsfors provided b
! any banking association for the security Of IL
, circulating notes. shall b. held exslusixsiy 70
that purpose, Until such aotss shall be redeem ed
except provided in thiH act bat the comptrsll
or tbs Currency shall give to sny sceh banking
| association powers ofsttorney to receive and ap
! proprisie 20 It's own ths interest the bond
which 1t shall have 50 Transferred to the TTsasur
. or but such powers shall become inopsrativ
. whenever such banking association shall fail &
redeem its circulating notes a. aforesaid. When
ever the market or cash value OF any bonds dspos
Z tied with the Treasurer Of ihs United States, q
/. aforesaid. shail be reduced below the amount O
} the circulation issued for the sane, the Comp
t7oisr OF the Currency Il hereby authorized 10 Dc
mand Snd receive the amount % such depreciation
j. IA other United States bonds at cash value, Il
: money nom the association receiving said bills
: TO hs deposited with the Treasurer Of the Unite,
4 States a. long as such depreciation coAtianss
Aud said Comptroller, upon the terms prescribe,
| by the Secretary Of the Treasury. may permit 81
exchange to be made OF any Of the bonds depo site
I. | with the Treasurer By association for othe
eoads Of thu United States authorized by this &C
to Be- received security for circulating notes,
he shall Be Of opinion thst sueh an exchange ca
: be made without prejudice To the Unirsd ststsi
: and be may direct the return OF any Of said bond
= to the banking association which transferred tn
sane, in sums OF not less than one thousand dol
lars, upon tho surrender TO him aud the caneella
tion of proportionate amount Of such circulatin
: notes RoFtded, That ths remaining bonds whic
shall have been transferred By the bankin
association oaering % surrender circulating nots
shall be equal to thu Gmount required for the eli
I lating notes net SURRENDERED by such banking q
, soeiatiou, and that the amount ef bonds in Il
= banfs the Treasurer shall sot be diminished b.
= Low the amount required TO bs kept On dspos
= with him by this act: And Proridsd, That tbsl
) shall have been 60 failure by such association
: redeem its circulating notes, and ether violl
: lion by such association the provisions Of tn
\ &C. aud thai tbs market or cash value Of the r
: naming bonds shalt net be bel the amount r
: quired for the circulation issued for the same.
n Sec 81. Asd BE- e farfher enacted, That 10 shall
:, unlawful for any officer acting under the provi
n ions OF tbs act 70 eouatsrsign deliver TO an
/. association, or to any other company or rsrsoi
: any circulating notes contemplated BY this act,
\ sept as htreinbsf re provided, and in accerdan
with the trus intent sad meaning Of this act. Al
any eHicer who shall violate the provisions Of til
!. section shall be dsemed guilty OF a high N Sd
= msaner, and on conviction thereof shall be pun
= shsd BY fae not exceeding double the amount
y, counfersi gned and delivered aad imprisonmel
= I not less than year aud not exceeding hftss
= years, a. the discretion Of the court In which