Evening star. [volume] (Washington, D.C.) 1854-1972, 1874-12-24
EesrmntInn Of snsele Paxmant..

The following is the full text OF the bill re-
Ported IN the Senate By Mr.. Sherman, from tbs
Commltte' Oh Finance, and passed By the Sen
ate, 'to IIOyide for the resumption Of specie
payments" and now pending in the Houss:
Be Il sUCCt06, dc That the Secretary OF t..
Treasury Il hereby authorized and required q,
rapidly Ss practicable, 70 cause tO be coined at
Il nlDtS Of the United States silver coins Of th5
GenomiEatlOns OF ten, twenty-five ani fity
cents, Oh standard values, aud to iSSua them ia
redemption OF an equal humber and amount OF
fractional currency OF similar denOmin lti0ns
or, at hls discretion, lie may issue such silver
COINS, through the mints, the So D. tre asurse<
public dePOstaries aud post offices OF the United
States, and, upon such issue, he is hereby an
thOnZed snd repaired 10 redeem an equal
amount OF such fractional COTrencV until the
whole amount ut such fractional currency out
standing shall be redeemed.
Sec. > That 50 much Of section ,52i OF the
revised statut6s OF the United States rs provides
for charge of one fifth of one per CeGtun for
converting stlLdaTd gold bullion into com, Is
hereby repealed, and hereafter no charge shall
be made for that service.
Sec. That section J. IL of revised statutes
OF nlted States limiting the aggregate amgIu.
Of circulating notes Of national banking As D
ciltion be and Is hereby repealed, s&1 each
eAlsuhg ba"AirE association may increase it.
circulating notes IN accordance with existing
law, without respect TO said aggregate limit
ard new banking associations may be organ
lZed in accordance " IN existing Law Witnou,
respect TO sad aggregate limit, and the pTO-
visions OF law for the withdrawal and rsdis-
UibCtlou OF national bank currency among the
several states and territories are hereby re
pealed, and wherever and so often 8s circala
ting uCtes shall be issutd 10 any such bankInE
association, so Increasing its capital or circula-
lating notes, or 50 newly organized as afOras4i
II shall be the dIty Of the Secretary OF the
Treasury ~ redeem the legal tender United
States III excess only Of three hundred million
Cf dollars TO the amOnnt Of eighty per ceutum
Of the sum OF national bank notes so issued :
any such banking association az azores aid. AMI
TO Contnu2 such rtdCmDtiO As such circuiltirs
Lotes are issued, until there shall be Outst aud
ing the sum OF three hundred million dollars o.
such legal tender & y. notes and no more.
Ana Oh and after the iSt dsg Of J J3uugvy. A. d.
1872, tie Secretary OF the Treasury shall reisam
IN coin the nited States legal-teniCr nOses
then Outstarding, on the preseGtat'On for re
dtmP'lOn A. the Office Of the assistant treasurer
q the n'ted States in the CITY Oi New York. IN
sums 81 IGt iess than fifty dUll4-s. And To en-
atle tEe Secretary OF The Treasury to prepare
sEd provide FOR the REDEEM ptiOus ia this It. An
tLCTlzCd CT requested, he is authorized 10 us
ajy surplus revenues from time to tine in the
treasury Eut ctherSise appropriated, aud g
lsue, sell and dispose OF at not les than par IL
coin, either ol the descriptions or bonds OF the
United states described in the act of Congress.
approved July IA. $50 entitled CAN &C 10 an =
thOIlze tae retUudlnR OF the national debt With
Ike qualities, privileges ana exemptions, TO the
extent necessary 10 carry this act into fun
effect, and to use the proceeds thereof for the
purpose Aforesaid. And sll provisions Of law
inconsistent with the provisions OF this act are
hereby repealed.