The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1890-08-09
SUB.fREAsUgY Bill.
Text or = Pending Measure That Is Now
the OeHter Of Interest ETerYWhere.


the Center Of Interest Everywhere. pc
nC
The sub-treasury bill is, perhaps, the ss
subject Of as much interest just now as in
any measure pending in Congress. pC
There are two bills in the House, VI
known, in the House as the Pickler Sc
bill in the Senate known as the Vance d,
bill. The bills are substantially the oi
same. The Pickler bill places the eI
building of the sub-treasury buildings d
in charge of the Treasury Department S
while the Vance bin makes the Agri- D
cultural Department responsible. The a
Vance bill is as follows: Ii
Senate bill 2,s09-In the Senate Of the
United States, February "A, 1890, o
Mr.. Vance (by requesD introduced 0
the following bill, which was read c
twice and referred to the Committee q
on Agriculture and Forestry, May c
is. 1890, ordered to be reprinted. I
A bill to establish system of agricul- {
tural repositories for the accommo-
dation of farmers and planters, and ,
for other purposes. II
Be II enacted by the Senate aud
House OF Representatives of the United
States of America in Congress assem-
bled, That there may be established in
each county of each State in the
United States United States agricul-
tural depository or warehouse, which
shall be under control Of the United
States Treasury Department, upon
compliance with the following condi-
tions:
/. When it shall be duly certified
by the oath or affirmation OF the
J Clerk and Sheriff of the county that
the average gross amount per annum
ofcotton, wheat, corn, oats and tobacco
produced and sold in that county for
tho last preceding two years exceeded
: the sum 100000 at current prices IN
. said county at that time.
4 2. That 100 or moro citizens OF saiu
county shall petition the Secretary OF
: the Treasury requesting the location
; of such depository in said county, the
4 location of such depository in SAID
q county and file with such petition q
i good and sufficient title to suitable
= and adequate amount of land to bf
donated to the Government as the site
of the said depository building. IL
10 shall then and in that case be the duty
10 of the Secretary of the Treasury, with
y, out delay, to establish United States
lie gricultural Depository in such county
We and to appoint manager thereof, VINO
On shall be required to give such bond as
VS. the Secretary may deem fit, and who
,e- shall receive salary for his services
is of not less than $1,000 nor more thai
ms $4,000 to be determined by the oecrc
nd tary in proportion to the business o
m his depository.
nd Section 2. That any owner OF cotton
wheat, corn, oats or tobacco may ae
~; nosit the same in the depository neal
H.. est the point of its production, ana re
law ceive therefor Treasury notes hefeil
M ,hs after provided for, equal at the date
an deposit to 80 per centum OF the ~
rp 'no value of such products at the lnark'
,ch 81, price, said price to be determined .
,ete i The manager of the depository, unu'
The rules and regulations prescribed py u
! he Secretary of the Treasury, paseo up.
oet a. the price current in the leading cotte
,r,,, tobacco or grain markets OF the uhlt'
,'or % State: but no deposit consisting
w;l, whole or in part Of cotton, tobacco
w. w. grain imported into this country sh'
w be received under the provisions
-, this act.
The Section 3. That the Secretary OF
ided Treasury shall cause to be prcpar
City Treasury notes in such amounts
the NAV required for the purpose Oh
way above section, and in such form u
Fai- in such form and domination as
ssen- NAV prescribe; provided, that
out note shall be of denomination
sew than 81 or moro than $1,000.
aison Section A. That the Treasury NO
the rnder this act shall be full le
boat, tender for all debts, both pubic,
The priyatc. and such notes when hela
Sun snv national banking association 81
be counted as part Of It's lawful rese
Soct;on &. That 1t shall be the d
M
:. W. of the manager of a depository, W
loyeo cotton, grain, or tobacco Is recel
/" E u by him on deposit as above PROVE
!, mas ~ Give n warehouse receipt show
trav- tho amount and grade or quallt.
foau' such cotton, tobacco, or grain, ahe
nuos, value at date OF deposit the am'
alities 'aiuo ~ ,,tos the depository
q ilae advanced on the product; that I'd,
10 'he tcrest ON the money so advanced
u W q the rate of per centum per ann
II ser expressly stating the amount of II
9 Is q auce. weighing. chasing, warehou
"a mas and other charges that will run ag
A''e such deposit of cotton, gram, "
bacco. All such warehouse rec
neigh shall be negotiated by indorsemei
He in Section 8. That the cotton,
cotton or tobacco deposited in the depos
If not under the provisions of this act
,cts to ha redeemed by the holder OF
acres. warehouse receipt herein proViae,,
any as either at the depository IN whlcl
!. The product is deposited or at any .
stalks depository, by tho surrender Oh
is looks warehouse receipt and the paynl.
calcu- lawful money of the United Sta'
unrea- Tho same amount originally adV'
s to the by the depository against the pre-
making and az snch further amount as nj
% bolls necessary to discharge oil lilteres
4ss,soo may nav have accrued against the al
to the of money made on the deposit o. o.
of 1858 duce, and all insurance, warehou'
of lint other charges that attach to I'M
duct of warehouslng aud handii,
os. each. lawful money received at the q
torv as a return of the actual o.
or, Of money advanced by the Cover
. ~ a,ors against farm products, as above
la..yl, .,.h,s fed. shall be returned with a
'non'n,s ~, pori of the transaction to the Sec
~. u ous l;s Of The Treasury, who shall make
'hiS ao VIC If all the transaction and cane
'nne'suei ss.,1 destroy the money SO return'
nsas anu anu denository that receives war
IS lhaue '', receipt as above provided, to
sen. oa' a with with the return of the proper .
bear as- ". " " lawful money and all char
wea.no' s,.nn herein provided when the pfou
'st iavor. s,, !. which It is given is stored u
rs le', a,o a. other depository, shall give q, al
very sec on % such other depository for tn
. ila.'el- s1 orv % ,of the cotton, grain or tooa
otahos' ~ ~ cosc may be. and the Secre