The Toledo chronicle. [volume] (Toledo, Tama County, Iowa) 1873-1924, 1877-11-29
The House Resumption Repeh' Biil!

The following isthe text of the bill
recently passed by the National House
of Representatives to repeal the Re-
sumption act: sgn
bill to repeal all that part of the act approved
Jan. "a, 1876, known a. tho Resumption act,
which authorized the Secretary of the Treasury
to dispose Of United States bonds and redeem
and cancel Greenback currency
That all that portion Of the act approved
Jan. IA, 1875, entitled, "An act to provide for
the resumption of specie payments,n which
reads as follows, to-wft: =" And whenever and
90 often as circulating notes shall be issued to
any such banking association 60 increasing its
capital or circulating notes, orso newly organ
lied as aforesaid, 1t shall be the duty of the
Secretary Of the Treasury to redeem legal
tender United States notes in excess only Of
$500, 900, 900 to the amount Of 80 per cent. Of
the sum OF National Bank notes SO issued to
any such banking association as aforesaid, and
to continue such redemption as such circulat-
ing notes are issued until there shall be out
standing the sum of $500, COX, 600 OF such legal
tender United States notes andno more, and on
and after the 1st day Of January, A. ID. 1879,
the Secretary of tiaC Treasury shall seAocsn II,
coin United States legal-te1der notes, then
outstanding, on their presentation for redemp-
ton At the Office Of the Assistant Treasurer Of
the United States, In the City of New York, in
sums Of not lees than $50, and, to enable the
Secretary of the Treasury to prepare and pro-
vide for redemption in this act authorized or
required, he is authorized to use any surplus
revenues from time to time in the Treasury
not otherwise appropriated, and to issue, sell
and dispose OF at not less than par In coin
either Of the descriptions of bonds OF the
United States described in the act Of Congress
approved July IA, 1870, entitled AN act to
anthori1e the refunding Of the National debt,
with like qualities, privileges and exemptions,
70 the extent necessary to carry this act into
full eject, and to use the proceeds thereof for
the purposes aforesaid, = be, and the same is.
hereby repealed.
The vote, in detail, on the passage OF
the bill, was as follows:
xsGs-Atkins, Baker (Ind.) banning, Bsgne,
Hlerne, Bucknsr, CabelL Caldwell ky.)s Gald.
4szEe (Ky.j, Clsrk lMo.5. Olymer, Cobb, Collins,
1lSis al. O.. Dibrsil. Dickey. Donelas, Dur
l.n Eden, Elan, Mrett Evans (R @. Ewing
Slt6n. Finley Forney,s Fort, Franklin, Fuller
s.tas nrr H.;sas Gssts adnes Goys5 : q1ode h
Wa.A Harrison. Hszlridee, Hartzell. HaskelI
itt (Als.), Herbert. Hooker. House. Hunter
Ohio, kelley. Kenns. Kiiinger, Knapp, Knapp Knott Knott
Iggn, Mackey. Maish, Manning, Marsh Martin
Mckenzie. McMshon, Mills, Morgan, Mpldrow
Reilly, Rice tOhio), Riddle. Robbins, Roberts
Robelison qA-), lkotinson !Ind9: Ryan; sapp
Smith lGa.l, spsEk. spEinser, Steele, Thompson
Walksr. Mshh. White pa White lnd.S Whit
thorne, Williams (Ala-l, Willis Ky.), Wilson
Wright, Yeates, YounQ--1S3. &
Naw.5Aldnch, Bacon, Bagley. Baker N; y
Royd bEentsno BTswsr, B5isg, BuIchara, A, Bar ss
glask & q. ~ Clark lowa Cole CSnee1 Covert
Davis (Cal.). Deering, Denisnn, Dunnell, dwight
EAnes, Elskhoa, Ellsworth, Evan. {Ra-l. Foster
Freeman, Frye, Garfield, Gibson, Hale, Harden
bcEHh. Haxmer, Hanis Meassl Hart Hendee
Hendezson, Hewitt IN. Yss Huhheu, Hunaerford
ksishtlsy, kipmell Louder. Laphsms L.thIuR
eelfe. Mitchell, MonrUe, Morrison, Morse, Muller
tSslsSn, Ps!!aie, Pettsr. Pound; foysss PTjics
(MaNl, Robinson AIAN.l. RsrN> Hstmpson. Schlei
shers Hhallenbergcr. SinnickM,n, 6cngcr. Stew
ext, 6tone tllich.), Thornburgh. Townsend (0.)
Wait, Warmer. WAtNnn, Welch. Williams (1lich.)
Williams IN. ", Williams (Wia.), Williams ((re.)
Willis IN, VI, Wi1lits WUOd. Wreu-1O,