The Union and journal. [volume] (Biddeford, Me.) 1858-1882, 1870-09-30
OFFICIAL.
Laws OF tho United states passed at the
Second session Of the Forty.iirst Con.
gress.


second session Of the forty.iirst Con.
gress.
AN ACT 70 pco,tis &C. the r-emr,Isa of hs thr-s 70,
cent tsnpotsy Ian esrtlAe los, all fs "a sf,~s' /"
national tAnk nDtss
Ne % sasefsd o. rae ss.sfs AID Hs.ss Of Rv,,sss'
fstsrss Of ns U.1sa states % Sa'r.es 80. A.
ssse~sted. That nny.f,sr mnloas u dis.s W '..,,
circulation may h i--a~,i b. ,iional esns s,
IA aai,l,., "a IN. thr~ hs.irst miioos 81 dollars .us
issd by tina tseaty-sc ooi sctiso Il ths 49,
NATIONAL currency sour, W ss' ri ,sswrsoo
60. no.,,i Juos three eishtssn hundred and sx-
ty-foar .1l The ant u notes 80 pf". nu snah ~
n,.ss :, s.osss ' Iss,,,S. having ~. than hsr
,sttia u.i-s sppo~teemsat contemplated ~ the
pso,islos q Act ~ smsod an act 10 pro,se ma
10. currency carsd By pledge 81 Untcf STATES ecos
All 10 provide &c the e,rcuAoa AMI riempsoa thsreo"
approved March three. eighteen hanirc and sky-nve.
AMI the bonls depostei sth The TREASURER of The nr
sates The sdooAi circulating 1otes herein sa
thos,e .hAl be u any description q boods u the Und
states bearing interest In oon, bat bss apptoonnt
tn iocresscd circulation herein provided bf SHAH Re made
ptsetcbe. bad upaa tbs eeasa. o. eighteen
huoir-l and seveoty Prop,isf. That aPp'c hios 20
s circulation hervn suthors- shall not be made within
year amer the passage % this act, BY banning sr
.oo. Srs.n.-l @ 70 S.ssa',.s ~ ~ Cs%rssIIsr
of the currssy to such ereastisa 10 esnkins 49,
eiatos applying &c the In other satss 90 Iefrt@ss
having iss than ths psopo.Ion, s''ns tns ,,S ~
n.r That no banking A.soeistco bereAne' organized
shah have e.rsaatOa In Of Ave hunred thousand
doiln.
OF each nooth aner this act u shan be the duty q NE
ComptrolIss Of The Caresey rport 10 the Secretary a
the frAsary the amc1t q circulating ooses s>ad anes
the prOys,oos u the pr~ng sscoo 10 NATIONAL banking
a.. eatlsas during the p~vvous month ubereupoo the
SserctAry % the Treasury shall rcessn AMI eAncsi an
Unit u the urs- pc censnm temporary h~a osuocs
Issued under me sen q March two sgheren nares s
slxy-seyvn, ADd July Twenty-Five eighteen hundred and
siIiysght nd Irss than the ancae, u circulating nos
- reps<tei AMI MAJ, "c-sSy' IN "uer '" Pfeu,e wy
Iaessn.oa sssn -. 49, Ss naSl,ss.
dcmption, give notlce W me hohen tnsre", " PeD.s
ton &c 0herv'se, mat certain % sai eefsncNs, Nsn
shsn D. desixnu-h oy nomcsr, aA'e, ssi sos'IJ
cease IN bex Interest ron and Al GO Gay ove
In such nt'ee ard that The certncAies 80 sna
m i,agr b. available a. any pfuon OF the esIm hoey
rserye In p-sssslon OF any nstsnA hsnhlng sssaSoo.
shall be paid such ceincaes, and they shall not her.
aneS be counted a. psr " thr ressf~" any 's"s
association. ,,,.
post q any uns stAies oood, e.nns 'n,srst ~
In gold, Win me nessare. .ne onae ~sa,s.,s 49,.
'nanSes prsefpu IN ue n''sesn m =, 80, A.. m.
Comptroller q The currecey 70 rsss % the sseA ,
making tbs .sme eroaisans NOES " ui',.e"s ,
tons na css 'hsh hve uaArs, ~ s..eeIus "a -,
which noes shal bear upoo hsr ace the promise Of the
sseistion to which hey are issasi " p~y usm, spoa
presentation Al the Once o. the w tol cn
Inc omao oess - .-s.J.S Ths, ~ hs1sins a..
toeiato0 org nlss under This section shall ha'eA eu
tina In excsss q one miliian 81 dollars.
tOSAl banking ssscisico ernei under The gro'.ns %
The prosins scton hn s0 shAh ~ 81 u , .p ~
hAD Dss less than tsenty-uve per esntnm Us oeeoi
Ing ercalau 10 goh o. silver com o' uns & -. -,
and shall rceise al par IN The psymsnt o. deDs e gOh
notes a eve othrr snch backing sssooaoo snscn - @
time OF such payments shan De rheemng J" e''VuAns
ncte, In gold eoin Of tbs intel stAies;
ssc. s. Lad b 10 0srfAsr snsei.d, That every asso,
ei,ton organsoi os The parpose OF tsang goh notes
provided In this act shall be sahes TO al The rrqumens
and prcvsoss Il the national currency seI saesS ue
frst esus 10 secton twenty-five which limits the ecus
tics, of national banking associations to three hunirSd
millions 90 dollars the arst elause q section ihlrtytso
.hieh taken In eoooseon Win ne psss~as \,
the city % San Francisco 20 redeem Their ercning nes
par In the city % New York AMI the last eAns o. Sc
tim hlrytso, which requires eTe,y ns,"uM oansns
association b receive In psymsn, 81 deots the n"ses OF
every cth-r national banking Assseiaion al par fToea
cd. Thai In applying the provisions as rqaeosa o'
sid .ct 70 The banking ss-slsos p'v,oVa ~ ns I'm
".ufa mpoey," ard "h-tai money u NE OniIed sees,
sh, b, he'll and construed 10 mean gold &c silver en Of
the Uuite'i States.
Sac. D. Lsdh Jrnsr snaeted, inAl 70 seeure
mare equitable distribution % the national banking cur
rsncy there may be ssusl circulating no,es 70 banking
Assaoas organised In States and Territories having rs
than their proposition a. herein set 18th And The amount
of circulation In his SECTION anthorred shall under e
dirrction of the Secretary % the Treasury, 90 may De
vquired br this purpose. be Withdrawn, ~ her,in pro
yss tOm hsskins .ss.iioas organized 70 stAiss hsv.
lug circulation exc-eing thai prOyded zoe oy ne act
entitled "An set to amend an act enat An act 70 p
vide fr natio n tsnklng currency .ecae oy pege o.
Cni,ed states eoois anil 70 pfoshe s ,he -.
redemption thereo approved March three eighteen nno
dnd and sixty 1--we, but the amount 30 sih1rasn shan
sSceei twenty-five miloo dollars The ComProser
"fhs eirrsoey shall under the dirsetloo ue ser'sy
81 tie Treasiry, make q statement shosns the
apaant % ereulaiion In each state and Territory,
ssi amount 70 es rsd oy zen IN 80. ss,.
N acc fnsnes WIN nS -eSuoe, - s = .sSt., a.
tnbutioo ot eircuhtoo " reqarvd, MAKE Arqusun ~ ~
such