The sun., 1899-11-29
ereafter issued or reis.ued shall be OF suoh


Sspostod @ in the Division % Of Issue and Eeiemp;
denominations exceeding Ave dollars.
Tssf So sHS,oa ne 81 tba He
read a. follows: Section 5i5', Every associ-
alton after having complied with the proyisions
shall be authorized to commence banking
sSs snsnG S:ysT def to 'hs lie T sns 5in'Ss Ss
sfeSS, tfa 5s notes. any United states resstsrcd
The H capital is m one hunired and aity thousand
dollars or less net less than o one.lonrth Of ne ne
csp!tai is tn' excess .of. one hundred apd atty
thousand dollars; such bonds shall be re, rc;
ssiyed BY the Treesn.er SPon, 70 degSst pos. and
they shall be otherwise dlsposed OF in pursu:
ance Of the provision 81 this tile and such OF
OF that amount are authorized to. reduce
their y the 5epSsd q aTn, ,Sa
amoSnt on 10 OF a1ch circ2aains notes issued to any
posit United states bonds to secure circulation
after deposit such bonds to SECURE circulation,
shsll s not e5csed IN sny ease the o per value OF
'hs see RThat sverS national M bansing a.soca
tion shall pay to the Treasurer of the United
States. in addition 70 the taIes imposed by an
provide ways and means to meet war expendi-
lures and for other purposes. eacn half year.
the ,ss sS Say E, ana 9u or
OF per centum upon the value Of its iran.
chise. as measured by the aggregate amount
upon the last day OF the calendar, month, next
preceding. Sections 1fty;two, hnndred % op, and
yT0 hundred anH spd tss9 hhy hmS
dred and seventeen. OF the Revised Statutes OF
the United States. are hereby rene9led But
nothing 10 this section contained shall be SO
construed ma in any manner to release any
patonnl banking association from any liability
for s"ss Or osa pTo, o snshs no pds ss
s. tSs prosl,iSPs =, this section. each
the lat days Of January and July,, Of
each year make return un,er the o.'i o!
JnsS States sSsh 'nS as s
tal. surplus And undivided profits upon the lust
return shall be liable, to penalty q
s2eo be COLLECTED may either Ssrom out dnS H
such association on the bonds deposited with
the Treasurer; or at his option. 10 the manner
corporations under the laws OF the United
States: Whenever any association fails to
;ss pSn mss sSsh a,srm%s n%Od9s s sSs S
undivided profits OF such association. When
ever an association fails to pay the taxes i'm
posed by this section. the sums may he coll
lected In the manner provided for the collec-
tlon OF United States taxes from other corpor-
atlons: or the. Treasurer may reserve the
ON the bonds deposited with him by such de-
faulting association.
thIrty-eiaht Of the Revised statutes is hereby %
am nded SO rs TO read as follows: Section 513S.
No sss9cistion sha 6e organized with less
carital than one hundred thousand dollars.
except tina; banks with q capital Of not less
than fifty thousand dollars may with the ap-
S in the 81 sG w
i,anss and except that SaHs' with with
Ave HiS shoas,nd onrs s may @ with the ss sancon o
the Secretary Of the Treasury. he organized in
any place The Popn"tiSSn 81 which 1Gss not sS
ton shall be organized In a city ths population
Of which exceeds tfty thousand parsons with
a captal ot less than two hundred thousand
REPORT OF THE COMMITTEE.
The Caucus Committee. appointed Feb, II.
saSns %, hsnde1 r.
6sPn'y!TanS 6s 9veT,,rcst OF indinna Kerr o.
sofa. Lowering OF Massachusetts,. Loud OF Cali
Iornis. Curtis OF Kansas and Hawley oi
Ie.as . sr,w the reFSr, acsGmpsnying the hii
that the measure does not, present a
conn plete scheme OF finance. hut confines i,s
recommendations to those subjects ~ most
pressing demand IA evidenced hy tn" pledges
Of the Reru bl lean party and tn" RonClal policy
Of the H. pub lean Administration. T" repurt
states thar the committee was OF the o inion
that the most urgent su SJerr was the question
OF a monetary standard and provision for its
maintenance.
The strengthening OF the public credit by
the removal OF all doubt concerning the policy
and practice OF the Government relative to the
Sn says q ecp ri. Ey
complete guarantee OF the quality and parity
OF oil our money. withou, any disturb
was the chief purpose Of the committees. h.
The other recommendations are such as. In the
mands Tor an increased supp'y OF subs du
coin and small notes reqn red for chang" IN
the daily business transactions OF the country.
and proyision for NH zing the full loanabs
capital nj hanSs and its proper distribution In
the s!mplcst manner
The single remaining provision. viz: the
repeal OF the tax upon bank circu ntion ard
the u'stLtu'ion OF "a tax upon bank ranch s"s.
asanst m tn the m use OF GVIS SsnE
ior the purpose OF equalzng the taxes upon
al! pweSsi"na wSs banks ..r :,
established and al doubt o. it, s'ab ny re-
moved III" par ~ nf Hii our non"y wnl -" uliy
recognlz"'i. nnI the kind 81 m"n"N IN which
III. subject ~ di.pu'-, When certainty shall
take the llace "f %oubi. AM ia. n'"grIy n'
our credit nc as IKE "a ~" no or Il tho
nation; the ma ional deb cun De r-pdLIv re-
funded a. lower inter rates. and fuura
loan. neg rtiut"d " " rase uron h",t"r terms
Anne ictu iradr. and ts vast eNprnsi II bring
ing our I"op- INTO rlr or relation with the
lead rg nations OF tine wnril. makes II mpora-
tive ii,Ht the Ian .ar Ui v lur IA winch ~ Il -
n.nts are mad Shall hn the hest Rn0wn to the
highest civiliZa' ion. and suall safely appeal {.
Intelligent and succrs-fui exuerIeuco.
rRrsENT PROSPERITY
Recent events shaped Ivy causes heyond our
control, bearing obligations winch national
honor requires shall hr couragruusy Il s.
charged. OIrn new i!-las for Amsri 'nn stntc--
mhnship. ann,,,o ffnie yet unknown to
American en'"rbrI~u and ave- u ~ of commerce
yet to wcco no American urOluc 5. viii surniy
result. such con ltIous cmrhas - the nerrs-
atty ior n standard OF w ne which auni r"mdin
nrin thTnIghuut d" vics-!tu lea az rnmprt i've
trade. IT'S poimanrury an ~tgbi ny ,nOu | bs
ah0yo suspicion IT. security should ha uhsn.
late. Some question Of eNurdi-ncy might ba
Nul.od II tn pru'uS ton wcr" new or We were
assuming a luSt'on at variance with other
nations, Bu the gOid standard iS r"cngni2 II
by all eadn nations, md IN" statute propos Il
m rely rehitrmS the roNi"y fp ow".l hy u, Tor
over Sky yea =. 20 r"JnlOrcru and plainly eX-
pressed ,ha tn" question will be placed for
ever h"vond dispute.
such AZ" the genera conlit'ons o. ira le, as
wei n the coudl ion % h" Ma iOnal Treasury
that no distu hance Whatever can possibly he
caused by the legislation PROPOSED. Tho
w ume and variety of our interstate and
foreign trade has never before been equalled
The supply Of nbor falls to meet the de-
mand offered for employment. Bountitul
harvests and the output OF manu-
fac, orr ~ strain the means OF trnna.