New-York tribune., 1898-01-23

per cent to accumulate and maintain safety fund
tax Of Of s 'est se Ge and
tionaD but payment of same may be avoided byy
such institution. assuming current Tsds%pslGn t ,sf Of
new legal-tender notes to the amount OF I-'h per
cent of capital surplus and deposits
Fowler BA tax Of one-fourrh Of per pt, cent Id,n, an
Consists Of m interest charge at the rate q per per
cent per annum on first % % per ser cen, cent ..ns
cent cent Per- Per annam on third 20 per issued per
cent Der Der nnm ON ON h 20 per cent
cent per annum on all issues OF credit notes in ex-
cess Of Sy of enPSS "a the dseTe % II. he's Depar
ment OF Finance be suspended nfter 1910, and all
except the 10 per cent penaty for excessive Issue
Gage Biii-A hxed tax One-halt Of ! per r cent per
aiii'Ir cent interest e St charge on ali credit notes.
Monetary Commission Bill.-No tax on circulation
PIP pdo TO thersd the s50ps tax Of Rs Of
annually ilid against tne aggresate aih9un, nve % "a
per cent and below 50 per cent Of amount Of capt
tai crcu alton bears an Interest charge az ,ne ra,e H
OF 2 per cent per annum Above 80 per cent ana TO 10
the limit Of amount Of capital at the rate or per
cent per annum; CIRCULATION is deemed 10 oe out,
standing when Issued by the Controller and until
its retirement.
In none OF the bills Is maximum limit Of bank
CO pital hxed. The minimum limitations are as fol-
lows
Walker Bill-Twenty thousand dollars in towns
OF 1850 inhabitants or less. the word capital 10 be
construed as meaning the sggresste a, amount OF
Fowler Bill.-Twenty thousand dollars In towns or
1000 inhabitants or less.
Gage Bnl-Twenty-f five thousand dollars In towns
Of 1000 Inhabitants or less.
Monetary Commission BIll-Twenty-hve thousand
dollars in towns OF 400 Inhabitants or less.
Some general provisions described as fol-
lows
Walker billboard OF seven expertf TO advise
Controller In administering bank laws National
and district clearing mouse system with fun bank
issue provided for Makes ali banking Institutions
OF every kind Including clearing houses subjec,
10 National examination. and compeis thirty dayS
notice Of withdrawal OF all Interest bearing de-
Bank examiners charges 10 be paid by the GOV
Fowler B!l-Threc Ministers Of Finance TO con-
stltute independent Department OF Finance:
salary. $4,000 each; term OF office: twelve years.
Bank pay out credit notes OF banks In other
redemption districts than that In which II is Itself
local ed. but must return them for redemption.
Branches authorized. hut without power OF note
issue. Optional feature OF deposit Insurance pro-
vded
Gage Bnl.-An Issue and Redemption Department
OF the Treasury provided for. with gold redemption
Of all Government demand obligations therein. Cir-
culation for banks TO amount or par or oonds de-
posted.
Monetary Commission B!ll.-Bank's notes
cannot be counted part Of It's cash or cash as
sets Redemption hastencd by not permitting bank
notes to be counted in reserves and by competing
one-fourth Of reserve 10 be in coin IN tne DaiiS
from capital in fixing limit OF nO;e Issue. Clrcua-
ton issued against bonds 20 the market value
thereof Branch banks authorized under sucn
Secretary Of Treasury and Controller Compels all
National banks 70 accept provisions OF this law or
70 dissolved within one year. Declares the stand
srd unit Of value be the gold dollar Crea tes
Issue and Redemption Division OF the Treasury
Makes all cblisations2 80 OF ~ the United states paysoie
once and remainder bank circulation IS issued,
but a In ten years. Stops coinage OF silver dollars
cent rcrtifcates Of Indebtedness and per cent
inscription popular lcans.