Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1876-03-04
The Currency.


The following is the full text of the caucus
bill to be reported to Dight at the caucus by
the majority The minority will report very
simple BILL the first section being an absolute
repeal Of the specie resumption act, and the
second section conlemplates the coinage Of a
silver dollar to be legal tender in single pay
ments on Que hundred dollars, and 10 the lesser
coins for ten dollars
Be 1t enacted by the Senate and House Of
Representatives. M Congress assembled, that 1t
shall be the duty of the Secretary OF the Treas
ury during each aod every year, from July /,
1876, aud until the egal-tender rates Of the
United States shall be appreciated to par value
with gold and convertible into coin, to cause to
be set aside and retained in coin an amount
quail to three per c"num OF such 'egal-tender
notes outstanding, and from the da'e Of such
coDvertibility the amount of coin SET aside and
retul ned shall be held as resumption fund
and shall at no time be less than 80 per cen
'um of such legal.tender notes. Provided,
hoveuer, That the coin 20 set aside aud Retain
ed as above provided shall be couDted as
part of the sinking furd for h.. purchase or
payment Of the public debt, as required by sec
ton thirty six hundred and ninety four of the
revised statutes.
Sec. 2 That it shall be the duty of each ma.
tional backing ASSOCIATION, during each aud
every year from and after July | 1876. aud
until The full aud complete resumption OF the
payment in specie OF lts circulating notes, TO
set aside and retain from the coin receivable
as interest on the bonds deposited w.,h the
Treasury of the United States as security for
its circulation, 40 amount equal to three per
~ uo6
association and cot surrendered; and from the
date Of it's resumption OF specie payments as
aforesaid, the amount Of coin to be held aud
maintained as resumption fund shall at no
time be less than thirtr per centum of its out
standing circulation: Provided. however, That
the coin by this section directed to tie set aside
aud retained shall be COUNTED as a part OF the
lawful. money reserve which said associations
are, by existing laws, required to maintain
SEQ. 3. That so much OF sectinn OF an act
entitled IAN act to provide for b resumption
Of specie payments, approved 'nu1ry Il,
1875, as requires the Secretary OF the Treasury
TO redeem legal tender notes to the amount OF
eighty per ceutum Of the sum Of pational bank
notes issued TO any banking association lncrcas
ing its capital or circulation, or to any assoca-
ton ccwly organized, al provided 10 Said sec
ton, and also so much of said SCI ton as re.
lates to or provides for the redemption 10 coin
of The Uuiled States lega-tendar notes on aud
after January /, 1879 and all other provisions
OF Law Inconsistent with this act, are hereby re-
pealed.
ACTS THAT HAVE BECOME LAws.-The
Governor approved the following acts March
2, 1876:
An act to confer upon the Worcester Rail
road Company, incorporated by the General
Assembly of Maryland, certain corporate priv
ilngns and immunites TO be exercised within
the limits of the State of Virginia; 10 amend
section 10 of an act approved Mar:h p 1874.
as amended by an act approved February Is,
1875 to prescribe the time for holding the
terms Of tue Tenth Jud cial Circuit % iucor-
porate the Milton and Suthero Narrow
Gauge Railroad Company to amend section |
of all act approved March 20 1875, to ameoj
the charter OF the Greene Humsuc Society,
and tor other purposes, passed March Is,
1851"
Mrs. Plum, of Bridgeport, gave her little
seven-year-old SOD dos, of corrosive suolimale
early 90 Wednesday m ,rnlDg, from the effects
Of Thioh he died. She then attempted suicide
by taklog dose Of the same poison, but the
efforts OF physicians will probably save her life.
Deserton by her husband was the cause.
% Wednesday night MIR. G. Halle, well
known commission merchant, was shot 10 bis
store, 10 Stanton, by Mr.. NJ. Ersklne Miller,
through mistake Tor burglar.