The Albany register. [volume] (Albany, Or.) 1868-18??, 1874-11-06

so much of the circulation OF such as
sOciation or associations shall be re-
deemed as will equal the amount re-
qtlired and not returned and if there
be any excess of proceeds over the
amount required for such redemption,
1t shall be returned to the association
or associations whose bonds shall have
been sold. And 1t shall be the duty of
the Treasurer, assistant treasurers. des-
ignated depositaries. and national
bank depositaries of the United States,
who shall be kept Informed by the
Comptroller of the Currency of such
associations Us shall fail to return cir
cIllation as required. to assort and re-
turn to the Treasury for redemption
the notes of such associations as shall
come into their hands until the amount
required shall be redeemed, and In like
manner to assort and return to the
Treasury, for redemption, the netes of
such national banks as have failed, or
gone into voluntary liquidation for the
purpose of winding up their affairs.
and of such as shall hereafter so fail or
go into liquidation.
Sec. 0. That from and after the
passage of this act it shall be lawful
for the Comptroller of the Currency,
and he is hereby required, to Issue cir
culating-notes without delay, as appli-
cations therefor are made, not to ex-
ceed the sum of fifty-five million dol
lars, to associations organized, or to
be organized, in those States and Ter
ritories having less than their proper
ton of fcirculation, under an apportion-
ment made on the basis of population
| and of wealth, rs shown by the returns
of the census of eighteen hundred and
seventy; and every association hereaf-
| ter organized shall be subject to. and
be governed by, the rules, restrictions,
and limitations. and possess the rights,
| privileges, and franchises now, or here
after to be prescribed by law as to ma
| tional banking associations with the
same power to amend, alter, and re-
| peal provided by 1.-THE national bank
act:'' Provided, That the whole
amount of circulation withdrawn and
| redeemed from banks transacting,
business shall not exceed fftty-five mill
| ion dollars. and that such circulation
| shall be withdrawn and redeemed as
it shall be necessary to supply the cir
culalion previously issued to the banks
in those States having less than their
apportionment: And prorided further,
That no more than thirty million dol
lars shall be withdrawn and redeemed
as herein contemplated during the fis-
cal year ending June thirtieth, eigh-
teen hundred and seventy-ive.
Approved, June 20, 1874.
AN ACT for the better government Of
the Navy of the United States.
Be it enacted by the Senate dmg House
of Representatives Of the United States
Of AnlericG i1t Congress assembled,
That on and after the passage OF
thisssact, any officer of the Navy who
may be promoted in course TO fill q
vacancy in the next higher grade shall
be entitled to the pay of the grade tc
which promoted from the date he takes
rank therein, if it b. subsequent to the
vacancy he is appointed to fill.
Sec. 2. That the accounting officers
of the Treasury be, and are hereby
prohibited from making any allowance
to any officer of the Navy who ha:
been, or may hereafter be, dismissed
from the service and restored to tht
same under the provisions of thu
twelfth section of the act of Marcel
third. eighteen hundred and siXty-five
entitled ''An act to amend the severa
acts heretofore passed to provide TO
the enrolling and calling out the ma
tional forces, and for other purposes,
, to exceed more than pay as on leav'
for six months from the date of dis
missal, unless it shall appear that tn
officer demanded in writing, addressed
to the Secretary of the Navy. and con
tinued to demandas often as once il
six months, trial as provided Tor il
said act.
Sec. 3. Thai SO much of the &C
entitled san act to authorize the Sec
> | ofov. aF kho Nov,xy To vownxyilo + n
education of naval constructors an
poses.'' approved July fourth. eightee
: hundred and sixty-four,'' as provide
that cadet engineers, not to exeee
> fifty in number, shall be appointed b
;. the Secretary of the Navy, is hereb
repealed; and cadet-engineers sha
5 hereafter be appointed annually b
= the Secretary of the Navy, and tt
I number appointed each year shall nt
= exceed twenty-five; and that all acts {
;, parts of acts inconsistent with the pr,
y visions of this act be, and the same al
= hereby repealed.
y Approved, June %, 1874.
e AN ACT to amend an act 9ntitle
: IAN act to provide for the paymeI
" of horses and other property lost
e the United States, - approved Mar
ID third, eighteen hundred and fort
le nine.
y Be it enacted By the Senate and Hou
- - of Representatives Of the United States
n A,nertcd an Congress assembled,
- That the first section of the act
d March third, eighteen hundred al
,a fOrty-nine, providing for the payne
| nd 20 incf hxy ~
40 GERS or enlisted men in the militia
l. service shall not be construed to del
in payment to such officers or enlist
ic men for horses which may have be
III purchased by them in States in inst
rection and payment in any case shi
ri not be refused whhre the loss result
e. from any exigency or necessity of
NJ military service, unless it was caIs
n by the fault or negligence of such o.
q. GERS or enlisted men.
h. Sec. 2. That no elatms under 81
,n section OF this amendment thhrs
" shall be considered unless present
IF prior to the first day OF January, ely
"a teen hundred and seventy-six.
he Approved, June q, 1874.
n AN ACT to amend the act entitl
y san act to establish western ju
n' cial district of North Carolina
- Be enacted by the Senate and House
"a Representdtires Of the United States Of an
1u [cG In Congress assembled,
IL That section eight OF the act of Ju
20 fourth. eighteen hundred and seven
he two entitled. EtAn act to establish
&C. western judicial district of North C
o. olina," be amended by adding ther,
an the following: '''There shall also
nd appointed a marshal of the Uni
as States for said western district of No
De Carolina. who shall be entitled to
re- salasy of two hundred dollars per
ne mum payment to be made quartz