New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-01-13
RESENPTIOY BILLS.
TIE TEXT or rHr BILLS I,tGo'UcaD ~ rnF noN.
HENRY -. rA1SE AID BY IN noN. rEENANDo


TIE lEyF oB rHr BILLS ntEo'UchD ~ rHF non
HENaY II. FAME AND DY M nos. fEEN'ND'
WOOD.
Among the bills for the resumption OF
Specie payment. introduced IN to House Of X pcscDa-
i've dur ts present -r.ou tnoso 81 Henry y. faJnr
o. O.loaad Fernando wood 81 ti- city have attracted
much attention. summary of these hl!l. has already
been e.yan end b.in8 wal DO fonni thoir text. Nj.
P4ynr'- lli wgs follow:
As Acr 10 provide foe The gradual ,''nmTton of -pec ray
s@i'o, ,. +; shall bc tn duty Of c,ch association
GAfcI 4Ilil Dc now 0i.tti"cd 'f i'-'-i'i ''1 I" ".
.anA.i, lisf $50 "tA1aai iiIing 1000, .i Ai'i"g 90
ejaculation .is "-h ".'"', % tl ca'h a. o','l ga,
'',,.... ., . 4uJ ~ "a fr.,.l .piu isrs.y1i,.,
issi..uly a. security nir Circulating no.'r 40 HA'hh.
,rcs pa nc,s tno autIlnt o. com go Do nod d 70
prov. r ihIt coin aF tS aortiOI drcrt,d 20 nc SEQ
rii ,u r.ta,.I ,.ui bc counted ana Acd a- part oi
iuc awlu mDJ,y wlici Sad associations as by
usi .. iI- laW- required 10 niiiHiiii.
Sc Ino division oi tae L.sIliender Law. section
- al I'M. ,:.,-., Statutes !. go. Ice ,!,pcui, aud
The nrnrGis Of the sniu withheld from caeh 4at ovciy
association when shall neglect 20 comply WIN inc re-
q %rruionts 81 the pre- ding section.
81. D. Il s.ll oo tht ddty Of tno secretary OF tho
Treasury 3GfinS ech and every year amer ~" Ia "'S
0i July. 1876. and uIfi The ili AMI comprte r'"in-
Y specie payment On an he hitr' ana oDis t"h
81 thc Government % cause ~ De 81 ASIA" ana IrtahDi
in amount equal 70 ri rrltuih col tho oJtiahi-
ing ir rnder notes Of tnc United states; ana rom te
daic Gf such cOHilHrsc iaunpt'oh OF tpor" payments
aforesaid ne i"oh9t OF com To he 81 $50 ana re-
the or udius loal udcr notes. Provided, however,
hat ts com aside AMI retained ~ above provided
for The irciic pAyInoI. ol tho puDho deb "s re-
OUR Il ~ SECTION 3'G1i 90 the iio'eed hatntrs'
SIC 1. mat section Of IN act entitled An act 10
prDyidc for tne resumption OF Specie piymotS. APP
proved jan 10. 1919, ari 50 much OF section OF no
CON OF e United states u9cs on and alter Jan :, 1879
ANA all O,Icr Provisions % law noons'tont WIN TINS
agt are hereby repealed
Mr. Woods foliows:
mn 10 repeal part aci entitled An Aci to provide for
~ 1 rs e - s S sps5io payment, Sitfo
"il =" :. -, 'fN
s't,'," l. Bs q eHGeioi by ne Senate amt House Of
Pe,re,ruiGipeS OJ he GHueJ SUITS N ~ CDt
0ress asscnbied. Tnat The s7O0OjOOO0 OF Tour por
to authorize the Ieiundng OF tho national debit" ap
Jlnua 20 1871 shall be i'oiGaDs ut tao pleasure
thc B,cd satea acr 40 years from tAeir date, which
sIa ne July l. go, n thereon shall be pAy
able quarterly, on tie Les days OF January April. July
81 2. mat said bonds may be Issued at par in cur
fcncy, and shall be known - toe Circulation bonds OF
$50" They shall be OF such denominations rs The
secretary oi the Treasury may prescribe not lees Than
500, and shall be- Issued IA citdor Tttord or coupon
for aud snail be always excan.ea6e 80 The option OF
holder, either coupon or registered or roslslorei for
SIC T. fhat said bond may aIso be exchanged at par
for ans bonds other securities OF tho United states
heretofore isstcd authorized, and now maturei or
hereafter 10 mature hAa hece'SAiS 70 o,oo 'h' 20
al 900 900: PrOyided, That tbs public dcbt shan
not thereby be prfiuinr tlllY IhcibA-iu
sc l. That any person. lirm or corporation, doing
bn.Inets IN the Unicd states may DEPOSIT said bonds
with tho Treasurer Of the United States III sans of
$1,000 or any multiple thereof, and, upon reiin-
1IisiD1 10 The United States ono I~fcrntum OF tie an
maj interest thereon may receive ther par IN tho Treas.
ury notes hereinafter mentioned
SIC J. Inai ., sacn person, firm. or corporation. or
his or their lcg pFosfutatycs or assur may, ~ any
time thereafter deposit ike amount o SAID Treasury
notes. or any evidences Of debt Issued by the United
states Including National bank notes. IN the Treasury OF
inc United Siat,s, any of lis branches nhd eleupon
snail receive ee.tihcair oi DEPOSIT tHS nolal
an plsetation thereof 10 Tbs oerctfiS OF tnc Treasury
10 roiurn OF no bonds heretofore deposited, OF Othcr
ne bu ls,acd in lleu thereof; hut snch bonds snail
osy heaf interest ut the rata OF four per ccntnn per nn
NUM- from the first day of tac quarter ne~t succeeding
the date OF the deposit.
stc O. Thai all Treasury notes heretofore authorized
ana M National bk s,and other sociFths or tho
nitnd tats reef we'd payment for the DOnds herein
agf.ril.d sba retired from oIonlat0n ana o'ii
gc!c1 ard 5 ~ agan DO issued aud tno treasurer
az fbs Jnfeh Btate sha to each National bank
tns notes ~ ghoD TO to amount OF 9l 900 or nty mu-