The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1898-01-03

Secretary of the Treasury for the bene-
fit of the Division Of Issue and Re-
demption, and not for any other pur-
pose.
Is. The Secrstary Of the Treasury
shall be authorized to sell from time to
time, at his discretion, any silver bull
lion In the Division Of Issue and Re-
denption; and the proceeds in gold OF
such sales shall be placed to the account
CT the gold reserve In the Division of
Issue and Redemption.
49, The gold certificates and currency
certificates shall, whenever presented
and paid or received in the Treasury. be
retired and not reissued.
II. No United States note or Treasury
note of 1890 OF a denomination $40 shall
hereafter be issued; and silver certitl-
Gates shall hereafter be issued or paid
out only in denominations of 81, 81 and
Sc. against silver dollars held by or de-
posted in the Treasury
is. The Assistant Treasurer in charge
Of the Division Of Issue and Redemp-
ton shall, on demand, pay in gold coin
all United States notes and Treasury
notes presented for payment, and as
paid cancel the same up to the amount
have been paid and cancelled. he shall
then from time to time cancel such fur
Their amounts of notes so paid as shall
equal, but not exceed, the increase Of
national bank notes issued subsequent
to the-tal1ing effect of the proposed act
49, IT at the end of five years next af-
ter the taking effect Of the proposed act
any United States notes or Treasury
,La L. Itrrr n
exceeding one-fifth Of such outstanding
amount shall be retired and cancelled
each year thereafter; and at the end OF
ten years after the passage of the pro-
posed act the United States notes and
Treasury notes then outstanding shall
cease to be legal for all debts public and
private, except for dues to the United
States.
90 The Secretary of the Treasury
may, In his discretion, transfer from
surplus revenue in the general Treasu-
ry to the Division Of Issue and Redemp-
ton any United States notes or Treas
ury notes which on such transfer could
then lawfully be cancelled under the
provisions of the proposed act If they
had been redeemed on presentation;
and when so transferred the same shall
be cancelled. The Secretary of the
Treasury, in his discretion, whenever
there may be United States notes or
Treasury notes in the general Treasury
which are not available as surplus rev.
enue, and which upon transfer to the
Division of Issue and Redemption could
then lawfully be cancelled under the
provisions of the act may exchange
such notes with the Division of Issue
and Redemption, for gold coin, and
such notes shall thereupon be cancelled.
81 I'm substance) Vested rights not
to be affected.
Banking System.
22 The total issues of any national
bank shall not exceed the amount of it's
paid-up and unimpaired capital, exclu-
sive of so much thereof as is invested in
real estate. All such notes shall be Of
uniform design and quality, and shall
be made first lien upon all the assets
of the issuing bank, including the per-
sonal liability Of it's stockholders. No
such notes shall be of less denomination
than $40.
23. Up to an amount equal to Is per
cent. of the capital stock of the bank
(the whole of it's capital being unim-
paired), the notes issued by it shall not
eAcetu Tue vaiae u ons.e.' olates ponus'
20 y nAeu az nei 81, proviueu ue-
posileu WIN o,,e Iie s., VI cue oiii-
teu otales. ne auui,iona a no'es au
5a1,a.it 10 ho,,ds
Deg iliii,hs hve ssals alter ehe pas
sasSe ~ ene pFopose' az. liie amount u
pollua ~ 81 ~ We uepooi'eu oe,ole
lssuiiis 'io'ea ~ 60 1e'a 'iieiao siaii We
leuuseu es,s az 81 ~ one-ili'n - .iie 20
pei ~. y "a PFC aefei,A piosl'tea ioi ;
ahu lne.ealtel any pahh may al any
eithe w1siiui 8" aiis ooios neposi.eu III
eAoe7, = ene ~ ~ eii,ehls 'iiersol'
rssiS nalionaa oanA siiah pay
toA .ne - pe, oeht. pei al
nu'li' pas aoie iiioltliy' upoii ehe
amount o. us iio.es Outstanding IN eA-
osss u ~ per eeil'. anu not IN Excess OF
o. peg eehs' o. IVY capital, anu taA al
t.ie rA.e " pei osiie PEI e'iiuili' pay
sspte 'loiithis, u9oi ehe amount OF lts
NOTES Outstanding III excess OF oo PEI
cealt. Oh l's capltai
80. Any panh ,I.ey uetosil any la"lul
l,ioiiies witn elie treasurer y. the ohiteo
'ta.es ioi ehs fS'iei,ien' VI any oL ies
ho,es' anu every sucil ueposlt shall De
trealeu as q Ieuuo.loii u i.s outstahd-
ii,s aotes 20 eiial eAee,it' anu .he taH