The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1892-03-04

bank examiner for that district as hereinafter
provided showing that the volume OK business
and the necessities of the people would be bet
! Ter supplied tnereby' provided that no county
shah have more than one bank for every nifty
thousand inhabitants or major fraction thereof.
section T. mat tnc business or each Dault ea-
tablishcd under the provisions Of this act shall
I be conducted by a bank director who shall be
/ appointed by the chief OF the bureau. by and
Gry; provided: list. He shall have been recon-
mended by the petitioners applying for such
bank I'd He shall have successfully passed q
| civil service examination. Whenever any per
son has received appointment as bank di-
rector, he shall before entering upon his duties,
make TO the government of the United States,
and deliver to the secretary OF the treasury a
Sufficient bond for the faithful discharge OF his
/ duties as such director.
Sec. s. That it shall be the duty Of the bank
director 70 exercise general supervision over
| the business Of the bank and employ all ucces-
/ s1ry clerks; such clerks TO he subordinate to
the director who snail be responsible on mis-
/ bond for their Official acts.
Sec. @. That the chief OF the bureau shall
! classify all banks into first. second third and
fourth class banks, oa the basis OF the volume
OF business 70 be done, and each director Of a
! bank OF the hrst class shall receive salary Of
/ 5000 per annum; each director OF a bank OF the
second class shall receive salary OF 5000 per
onnuin; each are tor OF "a bank OF the third
class shall receive salary of 81 500 per anuum,
and each director of a bank Of the fourth class
shall receive salary Of 81 ,OOJ per uuuum.
Sec ton Z. That the chief of the bureau, by
I and with the consent Of The secretary of the
/ treasury shall appoint q sufficient humber Of
/ each and every bank not less than twice each
! year and report the same to the chief Of the
J bureau. Zach bank examiner shall receive a
I salary OF el.uso Per uTrCn, cut OF which he
shall pay MS travelling expenses No person
I shall be appointed a bank examiner unless he
| shall have successfully passed a civil service
3 examination
Section g. No person shall be removed from
the unlce Of bank examiner or bank director ex
cept for immortality. iucoIupetehCy or failure 10
/ faithfully perform she duties OF his ONCE.
! sec That all treasury notes, gold Ger
HaraH. aHHH o Taa.n q
I heretofore or hereafter issued by the authority
OF the United States shall lie full legal tender
for ali debts, public and private, and shall be
receivable by The government for all dues.
Sec. TO- That any owner OF silver or gold
bullion may deposit the same at any mint Of the
! United States TO he formed into standard dol
l lars for his benefit, ana without charge, but it
shall be lawful TO refuse any deposit Of bullion
/ 50 base as 70 be unsuitable for The operation of
| See. II. That in lieu Of the various reserve
funds held in the treasury FOR the redemption
Gates gold certified tas and -fr,ae tlenal paper
] currency, there shall be Labltshcd q singIo
more than one-halt OF Whlc1 shai be gold
which shall oe held for Tbs redemption OF such
l notes and certificates
I Sec. T. That the secretary OF the treasury
! Is hereby authorised and directed To have pre-
pared ESl0.olGOlO, in treasury notes Of suitable
! deBosainat tons and the secretary Of the treas
l fund, heretofore provided for, additional
! sio3oo00Oo Of coin not more than half OF which
0
I deception OF these notes
Sec. IS That when any treasury note or gold
l CT silver Certihcate is presented for redemption
I the secretary Of the treasury shall al his oT-
{ tion. redeem IL in either gold or silver com
I Sec. Il. That the secretary OF the treasury
shall establish loan fund in which shall be
placed ali the gold and silver coins, treasury
notes and all deposits in IA tional bank dspos-
istoriCs, which have eretofore been held 10 the
various reserve funds. exclusive Of the ss5J oOO-
I coo set apart 10 be placed in the single reserve
/ fund
/ sec IS That the secretary Of the treasury
I shall have coined into standard dollars All tbs
silver bullion stored in the treasury under the
I provisions OF the act OF JulE Ia lsa4 and shall
I place snid coin in the permanent loan fuad
Sec 10 That, when any coin certificates or
I treasury notes have been redeemed, II mt for
further use thuy shall Immediately be placed
IN the permanent loan fund but, n worn OF mn
tllated SO as &c be unit FOR further use As cur
rency they shah be destroyed and the treasury
notes Of like deuominn HONS issued in their
stead which notes shall be Immediately uilneed
I IN the permanent loan fund
Section ~ That ths secretary OF the treasury
loan fund among the various government banks
on The following basis; Not less than $1,000.
nor more than 11a0, 600 shah be placed ia any
one bank Between The minimum and maxi
mum here established the amount 70 be placed
In each bank shan be determined by the se.rs-
tarE OF the treasury who shah base his action
on the comparative population and business re-
qaiEf lrlesais o. the communities where such
banks arc established
Section Is That any person may ,seassfr So,
any government eanhs 10 The aIrounE o. o
dollar or more The detsositor sham b anttr-5
70 draw interest ls ne rate Of thres per cent