The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-12-22

Narer,ca 49, r,sv,,.,.y.s1f<. ,,,er,,-
- -
,Aas 1iouse Soi1''.,,. - .,e--.e.
hIs ana currency and VITA the approval
of the secretary Of the treasury, Mr..
Springer today introduced a substitute
eor fhe <.srlisle onrreocv hill. 1t Is sub
-ta~4s.,,-- 1900. "a,
80 hs-1-y . new 4cel7'1c' : = J.
some OF the sections OF the Original
measure are retained in the lew bill.
The sew bill is arranged SC as to show
the new. faa+,,rae 4, nzrA,tbes3s The
So ..s.sr-- - - z, s.,,l.-..
seI'doA 40 90 Ao-ao"sss
tA)--That SO much OF all acts and
parts OF acts as require or authorize
the depcsit al United states bonds to
,t.,,,,s-+s,-~ -. ;.,,a ~
oaAlonsi 'panAsns assocaaltSas tor az re-
uil1re such associations TO deposit or
keep on deposit United States bends for
env purpose exceot as security fog pub
.-> - l.
~se 'AAo-les' Nc e1tu ssfo SAA1iS llei 0~s -
repealed as to associations taking out
circulatiou under this biz: and such
notes shall NOT contain the statement
r,,o+ +l,a,, - 81 .a,,,ra5
Secuen as changed 30 that oAnks
cannot only deposit segal tenders to
secure circulation. but also currency
,.es.tififsa fes issued under section 1g3 If
SIC rev,sed STATUTES ~ tho tinted
60.
sSro+;+,-, . a. r-a&o,ra7 a,tfr. axco,,t
49, 'S.,ss-.ss -,
ply TO national banking ASSOCIATIONS
Vul s,,.,,.t uloer t,.S s 20
- 49, "
Nns currency as pne oilcer 20 oesig-
ala se .le A1ese ~11sie iioees aae " se
eeueelneo.
in secclon provislon IS MADE Tor
heeplhg UP lne saLety Iund IN acoltion
10 me terms OF uhe original Dill; 1t is
proVgueo lnaN the conecton OF said
lax OF one-fourth of per cent for each
half year shall be resumed and con-
tinued until the said fund is restricted
20 an amount equal to per cent upon
the total circulation outstanding. All
circulation notes of failed banks not
redeemed on presentation to the treas
urer OF the United States or an assist
ant treasurer OF the United Sfafas
shall hear Interest az +be rot ,,@ e -. 80
cent per arn,lr,a from the date IF nc
SUSPENSION of the hank ,,nt;l +Ass..s.
DAYS after pa,l,ltr I,-t5os he 49,, .- -. -
that ~ands ara an hard e.. 49,. . 81
den1u,tion and s,1o5s 80. ~ .nsn re-
finue fr7st Her, ,1nor, al ,,,,,sare . eoii-
after reosiveJ int. ~. ass n.oheys mere
$3.50. GU ITO the satety fund.
the treasury 70, s,,,s.. .Ais secreIary OF
esfstv fi1na IN honss i. ~ IN the
in The original All - eie same as
Secfion Z 10 en+;r.,,.
the 4,lace of q. secf,o,, 1rbs.h anu NJ lakes axes
eliminated. The new, sao+io,a lSs Ve ee,
lows: '0i' is as Iol-
Section THAT every os+sorai ,,.,-
ing association herefofore oT>ersJ';,e9
and having bonds on depos;t to sac,,ra
circulation may Withdraw such bonds
upon the deposit OF lawful money NJ
the United States now provided NV
law, and thereafter such association
tha5 take out circulation under this
aSt ana De emitted TO all the rights.
yS-shsseS ana lmmunlties herein con-
Sac-;or ..e
SF a. 80 :; epeCLlIss thal the portion
c,aoiaS is T,IlS gahklng act TO be re-
lion % tses 5;,,eI,+. ~ 90 nluch Oh sec,
treasury IN ,eoaI,- oiie seleedry or the
and 70 ;ssna cor+sFsoa 49, os o1 SoIo
Section 9 is snhstantio i've t an
as in 4s1e original bil1 N"e saHie
Section 10 providino fo,. s+,+,
IS also the same as Ia the original I'M,
except that in the restrictions On cta -
banks a new provision as made that
The guaranty fund maintained NV thern
may include currency certificates i%,
sued under section 5,193 of the Revised
Statues.
AN entlre new provision is added to
eIe state Ddhks as roliows:
NAeneVer the secretary Of the
deaSuTy ana the controller OF the cur
.ehGy small De satisfied that that any
pdnhIAs corporation, duly organized
ulIueI the laws OF any state and which
tialisacLs no otner than a banking
s usit 1 as PROVIDED IN this section,
eS pesn Incorporated under the laws
VI Vic SNdlS winch 1T IS lOcd fed
MIl4ch laws require that the stockhold-
ers shan pe INDIVIDUALLY liable for the
xeoeinptloh OF It's circulating notes to
1ue Ioh SASeHI OF tnelr ownership of
esoOA aLo tnaI sucH laws require that
~ oiie ula CIfs notes thereot shall con-
t1t h,se Hen upon all the assets
81 ese pahh ana also mat such laws
III 4i sun t,ailh 10 Keep on deposit at
a., siir.es WIN an olic,al OF me state
,' lAso ny ia" 10 receive ana hold
o,';-aS a. AZ s suaIsneee Lund, as re-
1870, - 80, ~ POI api Oh TINS
ce, etis 1ns sn ta issue 10 TINS bank
"a 1,n,S11 ~ SC. Ihereupon
.";Sa5 En- ssh t's notes; as pro-
nIueo Lo[ IA Inns act, ana thereafter
tue 90 a. VI ~ per ce M heretofore I'M
poseu DS .am qpon lne cifcuiatlon OF
Ssa -, aISa.1-s Ns o.l". Hot oe as
80. ha,.1. ,,-,1aSe - 49, o.. &c LUIS OF
go. go :.,eS .I =. go e'lae Saiu
Se-an oS 7s NC. u, "a noles IN
80 "o VI 20 Pei 80 AZ eAcess 4l lts
paIa up aIiu uIiinpdi.eu capital, OF
;S "a eos. ., - an t .iae re
i.-l- -, - ,,at S;. e.;s etie
pai4h ilas no 49, On Iepo !s Will .ne
elale o.Al@Sai, ny 80 ~ low ~ re-
$1,000 r f,,nd ss 80 rao,,;rad a., t t,,e