The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1899-12-08


" fos its circulating notes. any United
states registered bonds bearing interest.
10 an amount, where the capital IL sla)-
O00 or less not less than one-fourth or the
capital. and $4,000 where the capital y In
excess OF Sl5O. 90. Such bonds shall he re-
cSlNtd by the treasurer upon deposit. and
shalt be By him safely kept IN his office
until they shall be otherwise disposed OF
tie, and such of those banks having on
deposit bonds in excess 81 that aihuuht
are authorized - reduce their clftnlAu "a
by the deposit Of lawful money - pioIias
"a by law. provided. that the amount "r
such circulating notes issued 10 any ga
slanal banking association hANinE on &C.
posit United states bonds 20 SECURE Vl-
4 culatinn az rho passage OF TINS ACT ~,
which may hereafter deposit such BORIS
10 secure circulation, SHAH not eNcseA Ia
any case the par value 81 .he noh"' ~
posted as herein provided
Taxes ana Perez tnse~.
Sec Q That every national banking as
ISOLATION shall pay 10 the treasury ~ the
United States. In addition 70 the taxes
imposed by AN act approved July 10. ~ ~
entitled "An Act 10 Provide Ways anu
Means 10 Meet War Expenditures anu l"E
Other Purposes. each hair year IN me
months OF January and july, on or pe,ots
the SJth day thereof. a tax or one-tenlh OF
one per ccntum upon the value OF ~
franc hise a. measured by the dgsTshN,,'
amount OF its capltal surplus anu vnVqa W.,
VideG profits. upon the last day OF we
calendar month next preceding. stctvhS
Md 5aI5 sal6 5al1. of the Revised statues
OF the United States, are hereby repe-.'9,
But nothing ina this section contained shAil
DE SO construed as m any manner ~ ~.
lease any national banking asSoclal'h
from any liability for taxes or ptna4l.s
incurred prior 20 the passage OK tAia d'N
~ n,.,l.r rs enable the. treasurer 10 assess
the t.lNcs imposed by the PROVISIONS ot
THIS sec iOn. each af~ocdtiuh ahet4. VIM
ten days from me nrst GAYS ~ 1.sii
art Juiy of each year, make a RETURN hh-
! d,r ~ m az ms president or cashier 70 me
treasurer al the United states ~ SUI
form as the treasurer mas ptesSl.pe, "a
the = mount OF iis capital. surplus dilV
I Undivided profits upon the last Gay OF tne
calendar month preceding LNttg 49,
ciation which fails go ma Ne snch return
shall bs liable 10 ptnallN ol 49, ~ -
| ,nliact ed either out OF the interest rs ~
becomes due such associatonon the oVtls
| deposited with the tr"asuftf' or ~ tI9
| oriicn In the manner IN MhiNh pthatNts
,rs ~, ha collected OF other corporations
/ mder the laws OF the nteh Staits.
! Whenever any association rams 70 nahe
the return herein required the axes t " "
rs{f ~ such association shall be assessor
| mon such an amount as the treasurer
| NAV determine TO be the true amount -
capital surplus anv b unusS era an asscca-
| ,,on fails TO pay the taxes imposed py
| this section. the sums dus may NAY ~, ~ coi-
ected in the manner proVldeus ~ ~, ~" othnr
| rnrrorations. or the treasurer may re-
| serve the amount out o. the illtei , 80
| Il nav become due. on tnt DoiuS ~ 80.
| al with him by such defauitlns dssoOia
"Vi' aapitnI Required.
Sec 10. That section ol2s OF the heVis s,l
| statutes Is hereby amended 50 - " -,
as follows Section olS - as can,tni
| sb@n slo00 except that banks Win a
| capitai OF not less than Syl,wn nas 49, W.
| The approval of the sscretarS " ~, " ,,en,,ia
urv b.. organized in any place me PoPatitt.
| tion of which does not exceed 49, lhiltnl
tants. and except that ban r. WIN 9 ~, ~.
Hal OF not less than So" hits W.
~, ~ the secretary OF the treasuiIs .
! ~ 'ee,er~rized in any place the popuia.lon
~ which does not exceed ZvVp lhit u, I,
x, a1sociation shall be orEAilzeu ~ ,.e -.
| Ne ncpulation OF which exceeds ss,o'g ~
| nns xs-ith a capital OF less tnan s-pV'V"
o,i~ MATTERS of Pressing Dem"""'
The report on the bill has been pre-
.,ored Nv REPRESENTATIVE Oycrstreet, or
india rapolis. who introduced the orig
inal hill of the monetary commissions
\, 1sos and has been distributed to
each republican member of the mouse.
Mr.. Overstrect frankly admits that the
committee did not consider the gen
oral subject of banking, nor did il seek
10 arrange n complete schemeof hnaLc .
but confined its recommendations 10
hose subjects of most pressing de-
naud. ms evidenced by the pledges OF
the republican party and the genera'
policy of the administration.
4 strengthening Of the Public treu't
II was felt. the report declares. that
1.-The strengthening OF the public credit
By the removal Of all doubt concerning
the policy and practice of the govern
mcnt relative TO the unit of value. i.
OF paramount importance.
1t is pointed out that there can %
but one standard at one time. but tina
,he convenience of commerce Is pro
noted by the use of different media o
exchange, convertible into the stand
ard.