Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1886-12-08
Provisions Of Senator Beck's Bill for
the Retirement Of Legal Tender
and National Bank Notes,
Representative Mills Introduces Bill
to Amend the National Bank Act
OF July ~, 1882.
Secretary of tbs TroRsury's Estimate of
Appropriations for the Fiscal Year
Ending june 30, 1888.
BrcE's RANK BILL.

tirement OF United States legal tender
and national bank notes OF small deuom-
nation provides that hereafter no United
States notes shall be issued OF denom-
nation OF less than $40 nor more than
s500i that den limitations higher than $50
shall not exceed one.fourth the amount
than one-fourth OF the value OF
national banks circulation outstanding
at any time shall be OF less denomination
than $40. In all new issues coin cerlin-
Gates shall be substituted for gold and
silver certificates whenever either Is Gu-
thorlzed to be issued under existing laws,
ana all gold and silver certificates now
outstanding shall be retired as soon as re-
ceived and coin certificates can be Issued In
their stead. The secretary OF the
treasury is authorized and required to
issue coin certificates in denominations
81, So and 50 on all surplus cola and
gold bullion held at any time by the
treasury as property OF the United States
In excess OF Sl00,000,000, and
to pay the same in the
discharge OF all obligations Of the United
Strtes except such as have been hereto
fore made payable expressly In gold and
silver coin. II shall be the duty Of the
treasurer of the United States, upon re-
ceipt OF certificates Of deposl. stating that
gold coin or standard dollars in the sum
OF $40, or multiples thereof ave
TO be deposited az any sub.treasury
TO order the payment OF a like amount In
coin certificates, in such denominations
as may be requested, In not less than s i
nor more than $500, which shall be re-
deemable In gold or silver, at
the option Of the United States.
All certificates authorized by this
bill, when paid into the treasury shall be-
re-lssued OF new certificates substituted
for such as are returned because OF
being mutila'ed or deiaced. No coin
certificates shall be issued OF greater
denomination than $500, and at least
two-thirds In value OF such certificates
outstanding at any time shall be Of dc.
nominations not exceeding $50.
MILLS PROPOSED AMENDMENT.
WAsnIHGToN, Dec. Representative
Mills Of Texas has introduced bill to
amend the national bank act OF July II,
1882, 80 as 70 provide that national banks
having capital Of $4,000, or less, shall
not be required 80 keep on deposit at the
United States treasury bonds in excess
OF $4,000, as security OF their circulation;
that banks having a capital OF not more
than $4,000 and not less than $40 900 |
shall keep on deposit $4,000, and banks |
having a capital OF $4,000 or more
shall not be required to keep on deposit |
more than s25, 900.
TREASURY ESTIMATES,
WAsHHGToN, Dec THE secretary |
OF the treasury has sent congress esil- |
mates Of the appropriations required for |
the tlscel year ending June 30, 1888, The |
al cod a
expenses OF the government Is |
1926, 1876, 7sg, which is Sli, io3 759 less
thai the sum called for In the IS imates |
submitted last year, and 90, 272, G9l less !
than the aggregate appropriations for |
the present fiscal year. The estimates |
are made up Of the followinn items; Leg.
islstive establishment 1880 ss8, execu-
tive establishment, SIS. 1925, t0s ;iudlcial es. |
tahlishment, SAG zoos foreign inter
course, Sl,9S6772; military establish
ment, S2b,8 1853; navy establishment, |
S20,6S9 ,756; Indian affairs, s5,60S ,S7S; |
pensions, S7G,259, b00i public works, |
S2T460, G0+; postal service, S4,- |
720 ,b58; miscellaneous, S24, l8s Gs9 ; |
permanent annual appropriations, |
Sll6,699, s22, grand total, 1926, 1855, $50 |
Tho estimates for the executive establish |
ment, judicial establishment, military es-
adjustment, naval establishment, public |
works and postal service are In excess OF
the appropriation for the current fiscal
year There is an increase OF about
$4,000, 900 for public works, about |
$4,000, 600 for the naval establishment |
about 100000 tor the mill. |
tary and nearly 81 900 900 for |
the postal service establishment. |
The increase In other items is small The |
estimates for public buildings under the |
treasury department amount to |
SS,444,0l4 the estimates for river
and harbor improvements aggregate $780,. |
2Sl,749. Among the items Of these |
estimNtes are 100000 each for the har-
bors at Pass Carallo, TEX; Arkansas bay, |
Tex; Brazos, Santiago, Tex and Red |
river, La; $1,000, 900 for the harbor a, |
Galveston, Tex, and 100000 for Sabine
Pass, Tex.
CONSTITUTIONAL CENTENNIAL cELRnRA.
TioN.
WARRINGTON, Dec. THE board of |
promotion OF the Constitutional Centen. |
NAL celebration of 1889 and
the worlds exposition In hon !
or OF the four huudredth an |
niyersary of the discovery Of America in |
1892 and the permanent exposition of the |
three Americas as the outgrowth of the |
Worlds exposition proposed 10 be held |
IN the city of Washington, met In conven. |
ton In this city to-day, Delegates were |
present from most Of the large cities of |
the country. the West was well rem, |
resented Letters commeudatory of
the purpose of the board were
read from the ministers OF Salvador. |
Chill, Guatemala, Spain, Hayti and Boil,
via. The following permanent officers
were elected! President, VIM. Clafitn of
Massachusetts; secretary, Alexander ID !
Anderson, District OF Columbia; vice. |
presidents. A. A. Ames, Minnesota;
John Ellis, Louisiana; Amos Smith, Ohio
Charles d, Fisher, Maryland; Amos II !
Little, Pennsylvania; Henry r. rhayer.
New York; A. z. Williams, California.
The convention adopted series OF
resolutions providing for the appointment
OF committee OF fifteen members to pre-.
pare suitable memorials setting forth the
object of the convention which Is TO be
presented to congress With view TO
securing ita Endorsement and the appro.
priatlons necessary 10 carry the pro.
gramme for the proposed celebration into
effect.
REPRESENTATIVE HRRBERr's BILL.
WASHINGTON, Dec. The bill intro. |
duced by Representative Herbert TO re,
move cartain political disabilities, pro |
Floesstha no law or regulation shall dis. |
iualiiy persons not disqualified by sec. |
lion OF the fourteenth amendment Ia |
fNas. =.