Weekly graphic. [volume] (Kirksville, Adair Co., Missouri) 1880-1949, 1886-01-22

SEC. ?. No more gold or silver
certificates shall he issued, and no
gold or silver or United States
notes, shall be received by the
Treasurer as a special deposit
After January l, 1887, the Treasury
shall not hold any gold or silver
as a special deposit to redeem GER
tihcates. All gold and silver then
held in the Treasury shall consti-
tute a part of the assets of the
Treasury, and certificates there
after presented for redemption
shall be redeemed with United
States notes. The secretary of
the Treasury shall do all that is
necessary to inform holders of
certificates of the provisions of
this law.
SEC. 3. All gold and silver GER
tiiieates. which have been issued
by the Treasury and which have
been or may be received back in
10 the Treasury by any process
other than by redemption, shall
be destroyed and an equal amount
of United States notes shall be sub
stituted for them and shall consti-
tuted assets of the Treasury. All
gold and silver certificates which
may be redeemed shall be des-
troyed.
SEC. 1. No more national bank
notes shall be issued. All worn
or mutilated bank notes received
by the Treasurer for renewals shall
be redeemed with United States
notes. Any bank now or hereafter
organized under the laws OF the
United States and entitled 10 re-
ceive circulating notes on a de-
posit of United States bonds shall
receive the amount to which it is
entitled in United States notes.
Whenever any national bank shall
retire its circulating notes the
Secretary of the Treasury shall
issue to the Treasurer an equal
amount of United States notes
which shall be assets OF the
Treasury.
SEC. ). No gold or silver shall
be received at any mint to be
coined or formed into bars for the
benefit of any private party. The
Secretary of the Treasury shall
cause to be coined only so much
OF the gold and silver belonging to
the United States as shall be found
necessary to redeem United
States notes and pay the coin
obligations OF the United States:
the remainder Of the gold and sill
yer OF the Treasury shall be eformed
into bars OF standard bullion.
SEC. 6. The limitations on the
volume of the United States notes,
as fixed by an act in force at the
date of the passage of this act,
are suspended so far as shall be
necessary to exchange United
| States notes for gold and silver, TO
exchange United States notes fol
gold and silver certificates present
ed for redemption after January l,
1857, to substitute United States
notes for gold and silver certif-
Gates received for taxes or other
wise than by redemption, to ex-
change United States notes fol
national banks with United States
notes on bonds deposited fol
security, and to substitute United
States notes for national bank
notes retired from circulation, as
provided in sections one, two
three. and fourof this aet.
SEC. I. The United States
notes in existence at the date OF
the passage of this act, and that
may be issued in accordance with
the provisions of this act when re.
ceived into the Treasury by any
process whatever, shall not be
cancelled or destroyed, but shal
be held in the Treasury as availa
BILE assets. The Secretary of the
| Treasury shall cause worn anC
mutilated notes to be destroyed
l and shall substitute therefor al
equal amount of new notes.
SEC. s. The United States notes
shall be OF the denominations o.
+ 10 cents, Is cents, % cents, 81
cents, one dollar, two dollars, five
dollars, ten dollars, twenty dollars
fifty dollars, one hundred dollars
five hundred dollars, one Thousand
dollars, and ten thousand dollars
Any holder of United States notes
may present the same at the
Treasury OF any sub-treasury anc
receive III exchange an equa
amount of United States notes OF
[ such denominations as he ma,
designate.
SEC. 9. All acts OF parts of act.
inconsistent with this act are here.
by repealed.