The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1873-05-20

NO. 96.-AN ACT 10 eStaDllSn tne custom |
house value of the sovereign or pound sterling |
OF Great Britain, and to FIX the par OF exchange.
Be IL enacted By the Senate and House Of Repre-
sentatves Of The United states q Americd in Con-
qrcss assembled, That the value OF foreign coin
as expressed In the money of account of the
United States shall be that of the pure metal
OF such coin of standard value; and the values
Of the standard coins In circulation OF the va
rlous nations of the world shall be estimated
annually by the Director OF the Mint, and be
proclaimed on the First first day OF January by the
SEC. 2. That In all payments by or to the
treasury, whether made here or III foreign coun-
tries, where II becomes necessary 10 compute
the value of the sovereign or pound sterling, IL
shall be deemed equal 10 four dollars, eighty
six cents and SIX ana one-half mills, ana the
same rule shall he applied In nppraisng mer-
candlse imported where the value Is, by the IN
voice, In sOvcreigns or pounds sterling, ana In
the construction Of contracts payable In sover-
egnS on pounds sterling; and this valuation
shall be The par OF exchange between Great
Britain and the United States; and all contracts
hundred ana scvcnty-iOur, based on IN assume
par OF exchange VITA Great Britain of hlty-lorr
pence to the COLLAR Or four dollars forty,io.dr
sterling, shall be null and void.
SEC b. That all acts and parts OF acts lncon-
sstent with these provisions be- and the same
are hereby, repealed
Approved, March ., 1873
No. 99.-AN ACT authorizing deputy collec-
tors and other officers Of the customs to act as
discussing agents in certain cases.
BE ondctcd By The Senate dnd Hou@i Of Repre-
sentdtires Of tie Tinted suites Of incricd IN Com
gross assembled, That in case of the sickness or
unavoidable absence of any collector or survey
or of customs from his office, he may, with the
approval of the Secretary OF the Treasury, au-
| th0rl2c some officer or clerk under him to act
| In his place, ana to discharge all the duties re-
qured by law Of such collector or surveyor in
Ills capacity as dlsbulsing agent: Prorided, I'hat
| the oiiiclal bond given by the principal of the
| office shall be held to cover and apply to the
aces of the person appointed to act In his place
| In such cases.
Approved, March 3, 1873.
| No. 9s-AN ACT to confer upon the superin-
| tendcnt Of the United states Military Academy
| the power to convene general courts-martial.
| Be II caactei by he Senate and House If Repre-
senttiires If The Uited States If Imerjcd in Com
| press asscHtbicd, That the superintendent of the
| United states Military Academy shall have
| power TO convene general cOurtS-martial for the
| trial of cadets, and to execute the sentences OF
| such courts, except the sentences OF suspension
and dismSsion, subject to the same limitations
and conditions now existing as to other general
| cOurtS-m0rtial.
| Approved, March ., lSl3.
No. 97.-AN ACT TO require national banks
| TO restore their capital when Impaired and to
amend the natlonal-currcncy act.
BE cnacied By the .Scnaie dad HOUSE of Repre-
SrDtdiiUeS IF Nc Enited state Qf Imericd IN Com
grcss assembled That all national banks which
shall have failed to pay up their capital stock,
as required by law, and all national banks
whose CAPITAL stock shall have become impaired
by losses or otherwise, shall, within three
| months after receiving notice thereof from the
Comptroller of the Currency, be required TO pay
| the deficiency in the capital stock by assess
| mcnr upon the shareholders, pro rata, for the
amount OF capital stock held by each; and the
Treasurer of The United States shall withhold
the interest upon all bonds held by him in trust
for such association, upon notification from the
| Comptroller OF the Currency, until otherwise
notified by him; and If such banks shall fail to
pay up their capital stock, and Shall refuse to
| months after receiving notice from the Comp
trollcr receiver may be appointed to close up
the business of the association, according to
the provisions OF the iftteth section of the ma
tional currency act.
SEC. .. That section nfty-sevcn of said act be
| amended by adding thereto the following "a nd
| prorided fUfthcr, That no attachment, niunc-
lion, or execution shall be issued against such
association or its property, before final tudg-
mpnt In any such suit, action, on proceeding in
any state, county, or municipal court"
SIC. B.. That all banks not organized and
transacting business under the natlOna-cur-
rency act, and all persons companies, or corpo-
rations doing the business of bankers, brokers,
or savings institutions, except saying-banks
tlonal" as a part of their corporate name, are
prohibited from using the word "natlonal" as a
portion OF the name or title OF such bank, corpo-
corporation; or firm, which shall use the word
"national as portion OF their corporate title
or partnership name SIX months after the pas
sage OF this act shall be subject to penalty OF
fifty dollars for each day thereafter in which
such word shall be employed as aforesaid as
part OF such corporate name or title, such pen
atty to be recovered by action In any court hav-
| ing jurisdiction.
SEC. 4. That 1t shall be the duty of the Comp
trolcr of the Currency to cause to be examined
each year the plates dies, but-peces, and other
material from which the national-bank circula-
his Office annually correct fist OF the same;
and such material as shall have been used In
the printing OF the notes OF national banks
which are in liquidation, or have closed bust.
ness, shall be destroyed under such regulations
as shall be prescribed by the Comptroller OF
the Currency and approved by the Secretary OF
the Treasury; and the expense of such examin-
alton and destruction shall be paid out of any
appropriation made by Congress for the special
examination OF national banks and bank plates
Approved, March 3, 1873.
No. "A RESOLUTION authorizing the Pres
ident to invite the International Statistical
Congress TO hold Its next session In the United
States.
Whereas the governments of Belgium, Aus
trla, France, Great Britain, Prussia, Italy, Iol-
| land, and Russia have heretofore extended in
vit0tiOnS TO the international Statistical Con
gresS to hold sessions of the said congress al
their respective capitals, and eight different
sessions OF the said congress have been held IN
accordance with said official invitations to the
great advancement of the science OF national
and international statistics in It's various de
partments, and to the uniformity of coinage
weights, and measures, and commercial regu
atlons and statistical publications between tht
different nations; and whereas the United
states OF America are favorable TO all measures
for promoting the advancement of Statistical
science, and TO all efforts for the social advance
ment and friendly intercourse OF the people o.
all countries and whereas, also, the President
OF the United States, in his recent annual mes
sage to Congress, has submitted TO this Con
gress the consideration OF the propriety OF eX
tending an invitation to the International sta
tistlcal Congress to hold Its next nlnth) meet
in the United States: Therefore,
ResOlped by the Senate and House Of Representa-
tires Of The United States Of america IN Congress
sen,bted, That the President be, and he is hereby
authorized and requested to tender to the or
ganization commission OF the last session OF the
said congress, recently held at Saint Peters
burg, formal and cordial invitation to hold it,
next session In the United States of America.
SEC. 2. That If the said invitation shall be ac
ccepte9 by the said statistical congress, the
President shall be, and he Is hereby, duly au
thorized to appoint the usual organization com
. mission and TO take the other preliminary ant
necessary measures for the meeting OF the sale
body and the holding of its ninth session In thi.
country at such time as may be deemed eXpe
dent by the said statistical congress-
: Approved, March 8, 1873.
4larlljmrru.