The Milan exchange. (Milan, Gibson County, Tenn.) 1874-1978, 1877-11-29
THE RESUMPTION REPEAL BILL.


Following is the text of the bill for the re-
peal of the Resumption act as it passed the
House.
\ bill to repeal all that part of an act APP
proved July IA, 1875, known as the Resnmp
ton Act, which authorizes the Secretary of
the Treasury to dispose of United states
bonds and redeem and cancel greenback
currency.
BE il enacted, ETC., That all that portion of an
act approved July II, 1915, entitled "An act
to provide for the resumption of specie pay
meuts," which reads as follows, to -wit:-
a. And whenever and so often as circulating
notes shall be issued to any such banking
association, so increasing its capital or cir
culating notes, or so newly organized as
aforesaid, ii shall be she duty of the Secre-
tary of the Treasury to redeem legal tender
United states notes in excess only of S3oO,OO
600 to the amount OF 80 per centum OF the sum
of national bank notes so issued to any such
banking association as aforesaid, and to con-
time such redemption as such circulating
notes are issued until there shall be outstand
ing the sum of $500, 600 900 of such legal-tender
United States notes and no more; and on
and after the first day of January, Ammo
DOmini 1873, the Secretary of the Treasury
shall redeem in coin United States legal ten
der notes then outstanding on their presenta.
ton for redemption at the Office of the Assist
ant Treasurer of the United States, in the
City of New York, in sums not less Il an SO;
and to enable the Secretary of the Treasury to
prepare and provide for the redemption
in this act authorized or re-
surplus revenues from time to time in
the Treasury not otherwise appropriated, and
to Issue, sell, and dispose of, ut not less than
par in coin, either of the descriptions of
bonds If the United States described in the
act of Congress approved July II, 1870, cnti-
tied, An act to authorize the funding of the
national debt with like qualities, privileges
and exemptions to the extent necessary to
carry this act into full effect, and to use the
proceeds thereof for the purposes aforesaid"
be, and the same is hereby repealed.
I. in do
tail:
Yeas-Messrs. Atkins, Baker Qnd.), Ban
ming, Baync, Bell, Blackburn, Bland, Boone,
Bragg Brogden, Browne Buckner, Cabell,
non, Carlisle, Chalmers, Clarke (Hy.) Clark
(Mo.), Clymer, Cobb, Collins, Cooke, Cravens,
Crittenden, Culbcrson, Dawson, Davis On
c., DiDrell, Dickey, Douglas, Durham Eden,
Elan, Errttt, Evans Is. O., Ewing, FELTON,,
Finley, Forncy, Fort, Franklin, Fuller
Gardner, Garth ,GiddingS Glover, GOOde, Gun
ter, Hamilton, Hanna, Harris (Ga.), Harris
Va.), Harrison, Hartridge, HartZell, Haskell,
Hatcher, Hays, Hcnkle, Henry, Hewitt (Ala.),
Herbert, Hooker House, Hunter, HuntOn,
Humphrey, Jones (Ala.), Jones (D.), Kelley,
ey, Maish, Manning, Marsh, Martin, Mckenzie,
Mcmahon, Mills, Morgan, Muldrow, Oliver,
Phelps, Phillips, Pridemorc, Rea, Reagan,
Reilly, Rice (O), Riddle, Robbins, Roberts,
Robertson CLa.), Robinson Und.) Ryan, Sapp,
Sayler Scales, Shelly, Singleton, Slemons,
smith (Ga.), Sparks, Springer, Steele Thomp-
Tucker, Turner, Tuney, Vance, Van NOor
hees, WaddeIl, Walker, Walsh, White (Pa.),
White Und), WhitthOrne, Williams ala,
Willis, (ky.), Wilson, Wright, Ieates, Young
-l35.
Nags-Messrs. Aldrich, Bacon, Bagley, Ba-
ker O.. ", Ballou, Banks, Beebe, Benedict,
Bisbee. Blair, Boyd, Brentano, Brewer, Briggs,
Burchard, Burdick, Cain, Camp, Campbell,
Chittenden, Clatfiin, Clark On. j., Clark Qa.),
Cole, Conger, Covert, Cox CO.,, Grape. Cum
mingS, Cutler, DanfOrd, Davis (Cal), Deer
ing, Denison, Dunnell, Dwight, Games,
Eiclhotf, Ellsworth, Evans (Pa.), Foster,
Freeman, Frye, Garfield, Gibson, Hale,
Hardcnbergh, Hammer, Harris (bIass), Hart
IlCndee, Henderson, Hewitt (N. y, IIubbell,
IIungcrfOrd, Ittner, James, Jones, (N. H.,
Jorgcnson, Joyce, Keightlcy, Kimmell, Land
crs, Lapham, Lathrop, Leonard, Lindsey,
Lockwood, LOring, Luttrcll, Mayham, Nc
Cook, MCGOWAN, Mckinley, Metcalfe, Mitch
ell, Monroe, Morrison, Morse, Muller,
Norcross, ONefl, Overton, Pacheco, Page,
Patterson, Peddie, Potter, Pound, Powers,
Price, Pugh, Quinn, Raincy, Randolph, Reed,
Rice Mass Robinson Mass Ross, sampson,
Schlcichcr, Shallenberger, Sinnickson, STEM
ger,stewart, Stone (AIich.) ,Thornburgh, Town
send (O), Wait, Warner, Watson, Welcb,
Williams (Mich), Williams q. ", Williams
Wis(, Williams (Or), Willis (N. ", Willets,
Wood Wrpn-IOO