The farmers' union. (Memphis, Mo.) 1891-1895, 1893-12-21

Treasury notes payable on demand,
not bearing interest, that have been
authorized to be issued, shall be re-
ceivable for all debts and demands
due the United States, and for all
salaries, dues, debts and demands
owing by the United States to indl-
viduals, corporations and associations
within the United States, and shall
also be lawful money, and legal ten
der in payment of all debts public and
private, within the United States, and
exchanged bic in sums not less than
one hundred dollars, at any time, at
their par value, at the treasury of the
United States, and at the offices OF
the Assistant Treasurers in New
York, Philadelphia and St. Louis, and
at the depository in Cincinnati, for
any of the six per centum twenty
year cupon bonds or registered bonds
which the Secretary of the Treasury
is now or may herefter he authorized
to issue; and such Treasury notes
shall he received the same as coin
at their par value, in payment for
any bonds that may be hereafter
negotiated by the Secretary of the
Treasury, and such treasury notes
may be rc-issued from time to time
as the exigencies of the public service
may require. There shall he printed
on the back of the treasury notes,
which may be printed under the pro-
visions or this act, the following
words: "The within note is a legal
tender in payment Of all debts, public
and private, and is exchangeable for
the cupon or registered bonds of the
United States bearing six per cen:um
interest Such treasury notes shall
be signed 10y the Treasurer Of the
United States, or by some officer Of
the Treasury Department designated
by the Secretary of the Treasury, and
shall he countersigned by the Regis
ter Of the Treasury, or some officer
of the Treasury d partment designa-
ted by the Secretary of the Treasury
for the Register; and all the provis-
ions of an act entitled IAN act to
authorize the issue of Treasury netes, ~
approved the twenty-third day of
December. one thousand eight hun.
dred and tifty-seven, SO far as the
same can be applied to the provisions
of this hct, and not inconsistent there.
with, are hereby revived and re-en.
ac.ed; and the sum of one hundred
and fifty thousand dollars IS hereby
appropriated. out of any money in
the Treasury, not otherwise appropria
ted, to enable the Secretary Of the
Treasury to carry this act into effect
Soon after Mr. Spaulding intro
duced his bill proposing the issue OF
legal tender notes to issue rs money
} he received many letters criticisin2
the measure in rather severe terms
BANK DELEGATES IN WASHINGTON
MEETING AT THE TREASURY
! DEPARTMENT
After the legal tender bill was re
ported from the Committee Of Way.
, and Means by Mr.. Spauldin, ant
published in the newspapers of th'
principal cities. opposition to it mani
: tested itself in various ways. A
. FIRST the New York city press wer,
, GENERALLY opposed to the legal ten
der clause. The Times and Heralt
| early came to the support Of tb'
measure, The Tribune and Com
mercial Advertiser appeared to be il
2 some doubt, but in their editora
> columns opposed to l.. The Evenin;
Post, World and Journal of Commerce,
. we're decidedly hostile, and opposed
to the measure throughout. Delegate
from some of the banks in New York
, Boston and Philadelphia. appeared i,
2 Washington to oppose the bill. Th'
reporters of the New York press, a
the time, preserved tolerably accur
ate account of their doines, whicI
I may be summed up substantially a
q follows:
They organized by appointing Nj
Singleton 4. Mercer, of Philadelphia
as chairman, and invited the Financ
Committee Of the Senate. and tn