The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1870-06-14

of the United States the additional circulating
bonds se o the United States bearsa interest IL
hsf shall G be made S yss
ss, the % 2, @ Af b 5 @
their proportion snail be lawful for the Comptroer Of
sssociatons in other States Territories excess
sppDg tor the gVng as 70
further That banking association hereafter
section And be it further enacted That at the end
duty Of the uomproer Of the Uurrenoy 70 report to the
issued under the provisions of the preceding section to
whefeupon the Secretary Of the Treasury shall redeem
and cancel amount OF three per cent temporary iosa
July 25 1868 less than the Of circulating notes
ppesenation Of such temporary loan certificates s
dmption give notice to the holders by
shall be DESIGNATED by number date aud s%sonop asO
day to be designated in such notice, and tpSt at
the certificates 80 designated shall % no Longer os
in possession Of any national banking soc aton
shall be pad on eeteates and t6ey shall there
assocatioD And when the whole amount Of additional
circulating notes issued in accordance with the ProSs
ths 81 the three sentu% tomPors!y loan
at th bsgSeps each month deem and
cancel a ap Of ted States equal eighty
Issued to national banking ions during the pre-
cedng month in accordance with the provisions OF this
Section And be it further enacted That secure
ing currency. there may be issued circulating
aE5S' a1G TersitSflss Having shss,
son in this secton auherized shall under the direction
Of the Seer eary of the Treasury be required for
banking associations organized in States having q
So to an asd
provide for na9na banking currency secured by by
the circulation and redemption thereof" approved
am cunt so withdrawn shall not exceed twenty-five million
dosrs The Comptroller Of the G&urrsncy Cur shall under
statement showing the amount of circulation in each
banking assOciation in accordance with this section
shall when such redistribution M Of circulation is
such banks, commencing with the banks having crcu.
%DS 1a e
on in EXCESS Of one million Of dollars and then
ing three hundred thousand dollars in States having the
a flVss banks IN States SasHs 1e
those
greater have reduced the grade and
Sss until he fSll amGSns sSsasSavC o' 9illSas
withdraw shall be distTbnted
the States and Territories having less than their
the duty the Comptroller the iGurrency the
o the of UPON
banks above indicated, herein described, Aud upon
REQUIRED within year shall be the duty
ss nsw.pspor sypr pTntsd aud ifoH New
said association as security for said circulation
equal To the circulation TO De WITHDRAWN from SAID
association and returned in compliance with snch
qustion and the Comptroller of the Currency shall wth
the redeem of the notes of said banking
association they come into the Treasury will equal
the amount required and not returned and shall
the balance any, SO such ba king association provided
that circulation sb all be withdrawn under the prov
sions of this section until after the ninety five millions
granted in the first section shall have been taken
Sectc And be il further enacted That after the
praton of six months the passage of this
banking association located in State having more
than its proportion of circulation may be removed
State having less than it's proportion of circulation
under such rules and regulations the Comptroller o.
the Currency with the approval of the Secretary of the
Treasury, may require FrOUidd That the amount of th
issue of said banks shall be deducted from
OF new issue provided for in this act.
On Recruiting Duty.
| Despatch to the Associated Press.
WASHINGTON, June 14-Brevet Lieutenant Coone
Samuel X. Schwenck, unassigned, is detailed on re
cruting service, and will proceed to Nashville Ten
nessee open rendezvous, and report by letter Il
the commanding officer Of the oath Infantry fol
| instructions.
Conscience Money.
Fifty dollars conscience money was received a
! the Treasury from Charleston South Carolina, to
| day, the amount being due for customs.