The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1875-01-15
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setiAis s,snlafsl ed lalli,h inin ruiu
\ hstvlss repealed. ah,l lr,vsitu II,
ehatg@ shall lie msiv frr That ~t,iec
Sac That srr,,ua a.s.. ~ The
Revised statutes u the United state.
limiting tho aggregate ameaus " the
circulating notes " National banLinr
associations be. anl Ii hereby. repealed
and zach cais,i'g banking association
ma. increase Its circulating notes In
accordance with The existing law. with.
Out rcsree. to said aggregate limit. and
nc" banking assaeiatiunr ,uay bc u.
gained IN aecordatcs with the existing
law. without rssr.e, 10 said aggregate
limit, and the provisions VI the law for
the withdrawal and redistriLutioM of
National bank currency AMONG the asv.
cral States mud Territories are hereby
repealed, aud whenever aud 20 often a
circulating notus shall 10 issued 10 an,
such bank association, - increasing lis
capital or circulating notes, or ~ new.
" organized ~ aforesaid, Il shall DO
tho duty of tho Secretary Of the Treas.
ary - redeem tho legal tender United
states notes in excess only IL $500.
900, 900 - tho amount .f SO per cen
.um Of tho sum VI National bank notes
50 Issued y any such banking sssocia- |
tion. ~ aforesaid. and 10 continue suoh
redemption as such circulating notes are
issued until there shall he outstanding
Tho sum Of S3oo, 600. 900 of such legal
tender United States uo.us. and no
more And on ..a .fter ,hc u, a.,
u January, A. y. 1879, the Seere-
'ary Of tho Treasury shall redeem IL
coin tho United States legal tender
notes 'hen outstanding. on their pro-
'ensa'ion for redemption At the ol6cu
4 tho Assistant Treasurer Of tho In.
ted States, Ia tho City u New York,
II su'ns u nos lqss than 900. Aud 10
anablc tho Secretary uf III. Treasury
y prepare and provide for tho rsdemp.
lion Ia this ael authorized ~ required
~ y authorized & use any surplus res.
'nncs i4om timu ~ time In tho Treas
ary' not otherwise appropriated, 4nd 10
issue. ssil. aud dispose oi, at nut lcs.
han par IN coin. either of the de-
'erip'ious VI honds u tho United States
described IL tho ~. Of Congress approx
NJ July IL. 1870 entitled An act IL
'a.hcrias the ,efunaiug of tho Nation.
u debt, : with like qualities, priv
cges. and exemptions. 10 ,hs vatont
necessary to carry this at into ".
oct, anl 10 usa tho proceeds thereof
'or .hc purposes aforesaid, And I'll
PROVISIONS VI law inconsistent With the
PROVISIONS Of tlis art are hereby ii.
,ealvd. =