The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1874-06-23

Wneu IeCelNeu ny any AS5lalant lFeAsur.
er, or at any designated depository OF the
United States, be forwarded to The Treas.
urer oil the United States for redemption,
as provided herein; and when such re-
dempions have been so reimbursed, the
circulating notes so redeemed shall be
forwarded to the respective associations
by which they were Issued; but Il any
such notes are worn, mutilated, defaced,
or rendered otherwise unfit for use, they
shall be forwarded TO the Comptroller Of
the Currency and destroyed and replaced
as now provided by law. Provided, that
each OF said associations shall reimburse
to the Treasury the charges for transpor-
tation and the costs for asserting such
notes, and the association hereafter organ.
lied shall also generally reimburse 10 the
Treasury the cost Of engraving such
plates as shall be ordered by each assocla.
lion respectively, and the amount assessed
upon each association shall be in proper.
ton TO the circulation redeemed, and be
charged TO the fund on deposit with the
Treasurer; and, provided further, that so
much Of Sec. 80 Of said National Bank act
recognizing or permitting the redemption
OF Its circulating notes elsewhere than at
its own counter, except as provided for IN
this section, Is hereby repealed.
SIC. a. That any association organized
under this act, or any oil the acts to which
this Is an amendn ent, desiring 10
withdraw its circulating notes. In whole
or in part, may, upon the deposit Of law
tul money with the Treasurer Of the
United States, In sums Of no. less than
s, 900, take up the bonds which said As
ISOLATION has on deposit with the Treas.
urer for the security Of such circulating
notes, which bonds shall be assigned 70
the banks In the manner specified in the
nineteenth section OF the National Bank
act, and the outstanding notes Of said As
ISOLATION 10 an amount equal to the legal
tender notes deposited, shall DO redeemed
at the Treasury Of the United States and
destroyed, as now provided by law; pro.
vided that the amount OF the bonds on
deposit Tor circulation shall not be re-
duced below $4,000.
SEC, 8. That tho Comptroller OF the
Currency shall, under such rules and reg
ulations as the Secretary Of the Treasury
may prescribe, cause the charter numbers
Of the Associated to be printed upon all
National Bank notes which may be here.
after issued by him.
SEC, 0. That the amount Of the United
States notes outstanding, and to be issued
as part OF the circulating medium, shall
not exceed tho sum OF $685., 600 600,
which said sum shall appear in each
monthly statement otthe public debt, and
no part thereof shall beheld or used as o
reserve.
SEC. z. That as much Of the act entiu-
cd, an act 70 provide for the redemption
OF the 3 per centum temporary loan Ger.
tifcates, and for an Increase OF National
Bank notes, as provided, that no circula.
ton shall be Withdrawn under the pro-
visions of Sec. 6 Of said act, until alter the
$54. 600, 900 granted in Sec. / Of said act
shall have been taken up, Is hereby re-
pealed, and 1t shall be the duty Of the
Comptroller Of the Currency, under the
direction Of the Secretary Of the Treas.
ury, 10 proceed forthwith, and he is here
by authorized and required, from time to
time, as application shall be only made
therefor, and until the iull amount oil the
$54 100000 shall be withdrawn, 70 make
a reluisition on each oil the National
Banks described In said section, and in
the manner therein provided, organized
In States having an excess of circulation,
TO Withdraw and return go much Of this
circulation as by said act may be sppor.
toned 10 be Withdrawn from them, or in
lieu thereof, to deposit In the Treasury Of
the United States lawful money sufficient
70 redeem such circulation, and, upon the
return Of the circulation required, or the
deposit Of lawful money, as. herein pro,
vIded, proportionate amount OF the
bonds held to secure the circulation Of
such association as shall make such re.
turn or deposit shall be surrendered TO It
SIC. 8. That upon the failure oil the
National Banks upon which acquisitions
for circulation shall be made, or Of any
Of them, 10 return the amount required, or
TO deposit In the Treasury lawful money
TO redeem the circulation required within
thirty days, the Comptroller Of the Our
rency shall al once sell, as provided In
Sec, 40 OF the National Currency act, ap.
proved June 8, 1854, bonds held 10 Sc
cure the redemption Of the circulation oil
the association or associations which
shall 80 fail to an amount sufficient 10 re-.
deem the circulation required Of such as.
ISOLATION or associations, and with the
proceeds which shall be deposited In the
Treasury oithe United States so much OF
The circulation Of said association or az.
sociations shall beredeemed as will equal
1 the amount required and not returned,
and II there be any excess oil proceeds
over the amount required for such re-
dempton, II shall be returned 10 the as
ISOLATION or associations whose bonds
shall have been sold; and it shall DO the
duty oil the Treasurer, Assistant Treas
urers, designated repositories and Ma
tionai Bank repositories Of the United
States, who shall be kept informed BY
the Comptroller Of the Currency OF suct
associations as shall fall to return circu-
lation as required, 70 assort and return 4
the Treasurer for redemption the notes o
such associations as shall come into theil
hands until the amount required shall b
redeemed, and In like manner 10 assor
and return 70 the Treasury for redemp
ton the notes Of such National Banks 0!
have failed or gone into voluntary liouida
tioufor the purpose Of winding up thi
affairs Of such as shall hereafter SO fail O.
70 into liquidation. 'z'sa. rfIF z ~
sEc. Q, That from and.aiter the pSssagl