, 1874-05-05

anotnor si1hon1k ,, loss'etlon " otnca' collnp'
tlon, such "a Las become iii too common Of latc.
l.
s,..t,, n.ai,n aM fdM - 5is esi,aas oMs; r,,r,
epeo" D"pa,e" ~ 4 ~ ."'sAa' ~ ,v''e. +
".a cam%tio, n. avoeS o
.s.. - tLroo a,u,, uo.a,,r, ~ 1taorn
Groaser Pa1s oi 1nlao oal45 sesT'o.s W a'so"7@
siong on various features OF the financial ttucB-
tion. As rot. tho several mombors OF tue oom-
some Of the pent'up dispesaote & o. a. 10" ',s, o.
~oua ,.t. ~ 81 .aon,.un ~ ,,orsona, NJ fos,na an1
uonnsoo, los.4.ns ~. H. pseou ~ sma,, ~ Oh a,tant
as to mnko concoaslonB or agreements on any
material question impossible, and e1ao.' proba.
bly,, mako necessary tho appointment OF |
now Committee or at 1oaat fow changes III
tie composition OF the existing ono. |
MI. DAWES Hill.
exchange for legal tenaer-notos' aud for other
~ :, .,a.t.s .,o Tot n, socrotorx If N. ro...
ury l. bsrsST auSoszed to issvs il excbapsc for legal
tender notes Of ths United States, in much form rs he
may proscribo, aud Of denominations Of *ho or sone
standard It tho pleasure ~ nt tug United e. ssss aftef 10
arsa a1sepv " IN Inch co At Tia ras
1s'. p". csnt her an2 md iho seorstary Of liz
treasury maya rclsaua tho United States nosa
sate. notea to sae sane amo.lst either to purchase
redeem tho public debt or to meet the current pay
ens ior s1o ss 1na m o sa ro Ill.,
ent of ta1os or cs t' Of Of Tho nteI satcs
| a. s'' we'll il ~ from taxation in my form 81
Or uner State, municipal Or local authority, aud the
sad bonds shn have eet forth aud Expressed on their
fsee tue above npesiied conditions. and anal ~th
3ha;t Gopaas Do n'aa' u ne u 'n'
oIlsoa ss" s."'eT Ti.t sec r., IN, 4oct IN prov,d.
national currcncy secured by plct!ge 81 United
States bons. and TO proYide for tho cirolat,ou and
| redemption thereof,' bo and tho sano Ia horoby
hand i I'll .l,nss h3 every banking assocation a.
therein ana eecaneq naGa no. oo an a'eragG
sasel 10 sa'o a'''uH' 'os ana uuf'ns ans 'ne 'e'4
sxo s. That tho act entitled An act to provide
6tates bonds, and to provide for tho circulation aud
redemption thereof" approved June o. 1904, be and
hereby esaesa RI to oe open su Tree t9e 6ansg
nno amy anu ~ ~ ac acpa nv ev moy mdae
]o,ar ~ occ"race viii ta nroyaiona Of lid ut
Ind Of other scs relating 10 National banking Asso-
ctatons,
sro This oct sha take effect nftor the LIST day OF
January, 161b. ..,-
! Mr. hugtERs BILL.
to provide for free banking and better security
to dopositoro, prevent nsury, gl7o eastlclty 70
the currency, preserve l;s salao TO tne peoplo,
30 poTdea IN tho t section for
the census Of 1870, until all tho States nla'l
have an equal amount ol auc1 clrcuiatlon. lhe
second section directs tho Secretary to dra"
tn tho 1egaf-teudcrs to- - per cont OF
this amount Of tho Increase in the National Bank
notes each month, until tho QUE M M Mtandlng legal
tenders aro reduced to 1886 000o0o, such notes
not to be again Issued except al reserve to meet
| nny emergency OF the public service, TO oe do
= clBred by tho proclamation Of the trosioent'
Sec. requires National Banks to hola the
: coin received for interest on their ponds de-
l posted with the Treasurer as portion OF their
resorva until tho sum equaiB the reserve ro-
CURED to be hela ~ thenl. sec requires tne
banks to hold their reserves IN their own
vaults and ropons tho law requiring or per-
mitting the redomptlon Of their notes elsewhere or
amount Of interest charged By National Banks to
! 7 $40 per cent per annum Under penalties 1or
usury. *beo. 1orblda tho payment OF interest,"
to banks for deposita under tho penalty OF dtscon
> tfnuhncs Of the banka. Sec. makes 1t the
) ! duty Of tho Comptroller OF the currency to
place Receiver IN any BANK detected ID certi1y'
! ng checks good when me drawer mas nos dopos.
, | tied sufficient amount TO meet u, anu Is
proceed to wind up tho bank socs. y. U. ana y
relate to the obstruction Of worn and mutliatoa
notes and the iesue Of new ones IN their stead
i ration, other than banking corporation author
lied by law no urn Of individual. sl.all make q Of
laauo any note as p1oHIso % 70 pay 10 pe soa as
ia = fine not exceeding $looo or imprisonment
not oAcecan6 wy yoan1t G. ~ ui; 10 ~ ~ ~
n9U rr"Ss SoI tor the isse of Az forty-yaar roit
! Honda OF tho DENOMINATIONS Of $100 aud upwards
interchangeable for legal tenders ut the Treasury
and sub"!Toahtlrles OF the uniteu etates Gee. y
R1u4aes .or sao LIZ honda e. ~ Mn;tad stafot