, 1874-06-23
MONEY AND COMMERCE
FINANCIAL.


koop any reserve against circulation.
q. As a part Of lis rcservo against uopoaAe'
oac,, National Bank shall toop nt tho Troaaury
Denartu,out, at Washington, ror cont OF Ma
o1rn,1at,on. 10 bp used for redemption Of ts
=. Anv National Danls may take up OIL but
ann oo1 OF Tho bonds depoatoa by II for elsenle-
linn. and thereby reduce Ito oircnlat'oh 70
rrho ,sauo OF logel-tenders shall not excecd |
saso 00pL ono. and mono Of this shaii ne nasu as
< Ar opplioat1ons for circulation aro made "
,,onra III States deficient tn ctrcuation Sos,ovo-
mo Of Nasloual- -Dank currency shaA 'ho Mtth-
Drawn by tho Comptroller ct tho onrronoy from
hanks In stnses with al oKcoss Of circulation
and 1ssucd to tho applicants. No raose than ss',-
100000, however, ahsll bo "ithaFa"h oo'oto
juno 80, 1875.
,,n,o ~ ,crn,.ssnders tho $4,000. 600 unntthor-
,zeuly rolssuod by former Secretary, .Proslaons
"iAD' AA'' IppnoyA1 10 AN rsr1AT1oN
Of tho cnfreney. Though tals .a gnos rCstot p if(
mi ~ il, tb,g direction, throw Btngle adeitaonai
ao,},~ into circulation, tho measure iH II trntli
niaonal The advocates q VIC fssatnsosn. r @ es .s 2.
a atst aid luoat Indispensable steps to tnas emo
"ho rnnNF CIRCULATION =
of tho 28 900 Of oancelat egaltenaS17 Tho smas
hayo been bannion hpons ars as ,7ndnr tba aota of
ffno Gn,roaa WA $3.50 o0UOO. The reiRsuo Of any
portion te e. ehss tss aseSon y
secrotazy MeUnIocn ad udo ~ oye Il now The sanc-
gross was annas,oa s a,,urova or ipfatlon BY Com
.enas ua oa ona tho President How President Grant
6ss brought hIneelf to accept tn's Dill ia mex
pieApio' ~ ~ ~ no,r11or WITH MS VETO
.,as.aoc, and with tho plodgcs OF. bis party IT
is II nPu W. asrnostiy promulgated, especially
:hhs ase!y y - 1,nko th soantIost preparation
q us s1nnu os,,ntio NJ al epooo payments. In TRUTH
ot 1aaaiiainn fhc unauthorized Imitation Of $780,
tx hSo & Il cafros tho county farther than aver
SoV,og,u S.o., IVA ~ noney.
tfS XIII thonkh Initiation, Ii is limited nanton
rrr,n i;1,it ~ Tho creopbaots having been hxedht
a5s2oo9 u.s. a ooo no no aabaequent Congress- can pass
hovned Ills Inns without "a atrooioua
o'soaA ''4.o n1snEaAnp or PUBLIC FAITH.
IT, IL n1so an IMPROVEMENT on tho limit, nTHt
f;o;1a ~ ~ of fis16 zoo % o0oo, ,Soo.
iii bill solemniy provides that no Part Of the
T%a lueent al this is obviously to provant the
prsaidcnt pnS m from rotiring tho h28 100000 Ire
sarva," AZ It ,saa inti2atod ho moane to do
t11ogo fs v1dor than tho intention, and nhkaa 1t
Si1hsf,1 for tho trroasllry Departmonk to tfoep
anu wreanbacky On hand. Ordinarily abont $2o-
'OO0, doc are leld for contingencies, o1pcnses anu m
st; tae nko; ,'o,, run naanino iu1 % :.
Secretary 1IoaIn Mo,n nenpIh np1n4n oyra-srour.
o.,,o oantr,ot,on wii result from tho pro-
r,son whjah per1aita tho rotiramcnt Of oireula
von ora Tdaon %anGs IN tiie oity ara now retiring
ti. severai ua'1ne W. - ra,v I NJ nossbe. ThoS
ss,ii taIo nivantauo Of tho now LAW to make a.
!Isgss 11st nanhs .r,,i follow the eat1e COURSE
11 9asy yn,aiI prnsidont of tho Importo1s'- and
MI oAs1 -, ~ Nav vortr tnstflo,f },aforn >thp
n"sa lauol1 con,njttae on. Dankng md Currenov
Houea ootuua.tyo W '"Ho "
that hs Aaaoo.atson -, ,r,,4,,,, ,,,non, .r7ov