New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-11-29

or.s+an,,nS Tho gold and silver coins and
bullion transferred from the general rum ~, sl
Treasury as herein provided shall be increaseu
or diminished as the case may be. in accordance
with the provisions of this ae'' an" III "'
way. ..So Saore
Sec. 4 That 1t shall be the duty OF the Secre-
{arv of the Treasury TO maintain the golo re-
serve fund taken up the books OF the DlNisio
OF Issue and Redemption as herein Pi ~. tin,a
and for this purpose he may from time 10 tlIno
transfer 10 such fund any moneys IN the Ireae
ury not otherwise appropriated, OF insS YeMo
change any of the funds In the Dvision u %, I've
and Redemption for other funos Witch iia S "a
A. The general fund of the Treasury. ana III
addition thereto he is hereby authorizes 70 ssue
and sell whenever in his Judgment ~ 80 go
sary to the maintenance OF sa'u Interest at
bonds OF the United States bearing nl'ete S,,,o,
q rate not exceeding per centunl pei enn ars
nayable in gold coin al the end OF ,Men,s 81
but redeemable in gold com a. o., no trans-
sor shau at any time be made from lhe se IIa
fund Of the Treasury 10 the plNisot VI oarai
and Redemption which VIII reuucT tne Ctetes
fund below SJ00000OO. That an onneu ~ OCT
nn,es and Treasury notes issued unueT the al
of JuIv IA 1890 presented for redeHpt,Son sub" .ha
ha redeemed in gold coin at the WIN Wiz. "a Tor
holder. and all silver ce Itllicata1' ~ accordance
redemption snail De le"NN
with existing law. . 4, autborized
The Secretary Of the Treasury IS auunO uoaiT
.,d REQUIRED TO use said reserve tund III n'a Ino
sasa,nc Of ALI times the parity ana equal .aiu
of every dollar issued or coined Ny .n 81 tho
eminent. and II at any time the oecse. -. vain
Tnasury deems II necessary. in ol0er 10 man,
ta, the narity and equal value OF all tne 1 .t
of tho United States he may, at ms uio' isened
exchange gold coin for any other Ilioies .s and
o~ coined by the United states me Nil hn
t;acataa so redeemed or exchanged sNaii "a
bold in and constitute part OF sau luii III dis
shall not be withdrawn tnerelIoI" dniyaient
bursed except in exchange lot an ~ oartid-
p. - the coin In which said notes Oh ger &c
.catas were redeemed or eXchanssul, Nntbing
bereinbefore in this section prov D,enolinp that
in this act shall be constructs as INV ID, 1890,
.ha
Ph,ch nrovdes that mo greater Oh Ieso 90, time
of ouch notes shall be outstanuIie - eve sta nd
49, the cost of the silver bullion anu - beId in
tnaa ~ dollars coined therefrom then H0'N "
e. Treasury purchased by suCI - ,rrea srry
INC &C. < That the Secretary OF tne sisnretion
is HEREBY anton In the Treasury Of the Unlt 0
States purchased under the act or v yu,S 81 snb-
80 noinage into such denomlnduon roant
Va,arS, silver coin as may be necessdi! " anv
a,1,hI;c renuirements for such com aIII 49,
aIr or seigniorage arising from tniS os,,ry
shall be accounted for and palu INV h ~ under
whenever any silver bullion pulcnna "S In the
,ba act OF July IA 1890. shall be useu 80 ~
coirage of subsidiary silver com an aO,,oi m
Treasury notes issued under sal9 "a, az s,cb coin
tho cost OF the bullion contained III SUI"
sheu no cancelled and not reissued; ,,os,rx
Sec G. That the Secretary OF 'ne a,1Se ali
&c hereby authorized and directed " noin of
,roro and uncurrent subsidiary silver Cuiii "a
worn I, anu states now in the Treasury, ana
hereafter received to be reconed anu e. ~ FOR
burse the Treasurer OF the mi nd9e w FACE value
~ such coin and the amount the sam t w.
produce in new coin from any ihoneSs - r,nnb
Treasury not otherwise APPROPRIATED. 90 90 Is76
Of the Joint resolution approved JuI! --' ur,,ts
raIating IN the issue of silver CON- as ii t
1bn aggregate amount Of subsidiary SILVER CON con,
and OF fractional currency outstahuns 1870
time to S50O00OOO be and the SAME 10
Sec Z That the United States notes or ITS Sao
urv notes issued under the act OF July IL, Ioop'
hereafter issued or reissued sIlaiI O he score
mot
tarv of the Treasury may prescribe onNtl Oe, ,.
tifcates shall hereafter be issued or paiu 80
only in denominations OF 81 % anu 90 % Issue
silver dollars deposited at the DIVISION VI 80 80
and Redemption, or in exchange Tor ssilVer cei
fifcatee of denominations exceeding go .,uoa
Sec s That Section 5.109 OF the heVlseu
Statutes of the United States be ana the soii'0
IS amended so as to read as foloWs'
sActIon 515s Every association, after having
complied with the provisions Of this title prei nm
ness and before it shall be authorized to Gomme9ee
banking business under this tue. sndn safes
and deliver TO the Treasurer or the Cheu 99Itnoited
as security for It's circulating notes any 10 an
States registered bonds bearing n5eG re less 80 not
less than one-fourth of the capital ana no s SS
SaDds s {he f Se Received by the
post and shall be by him safely kept N ms oue
until hsg Sha be o THIS e and such
banks having deposit bonds IN excess Ui t ,I
by the deposit Of lawful money provided by l .,
Provided That the amount Of such clreu iti
Stss Issued sS de 20 any States Bonds
circulation at the passage OF this act or W,.1Tn
may hereafter deposit such bonds 10 secure clrSu-
iation shall not exceed in any case the par Vaiue
OF the bonds deposited as herein provided.
Sec. 8. That every National banking assoca-
ton shall pay TO the Treasurer of the United
states in addition to the taxes imposed by an
act approved July 13, 1898, entitled An act 10
provide ways and means TO meet war eNpehu-
lures and for other purposes, each nan year
in the months of January and July on or before
ha thereof.
per centum upon the value Of its franchise as
measured by the aggregate amount or 1ts capl.
tai surplus and undivided profits upon the last
dav OF the calendar month next preceding. sec
tions 5.214 5.215. 5,216 and o,2l' OF the Revised
Statutes of the United States are hereby re-
nealed But nothing in this section contained
shall be construed as in any manner TO release
any banking association from any liability Tor
taxes or penalties incurred prior TO the passage
of this act. II order TO enable the treasurer 10
assess the taxes imposed by the provisions or
this section each association shall, within ten
days from the LIST days OF January ana July Oh
each year. make a return under the oath OF us
nreeident or cashier. TO the Treasurer OF the
Irnited States in such form as the Treasurer
NAV prescribe, Of the amount or It's capital sur,
Mus and undivided profits upon the last day OF
the calendar month preceding. Every assOcia-
zion which fails TO make such return shall he
liable TO penalty OF 5000. 10 be collected either
out OF the interest as 1t may become due such
association on the bonds deposited WIN tne
Treasurer or at his option, In the manner II
which penalties are to be collected or other cor
poratons under the laws or the united states
Whenever any association fails TO make the re
turn herein required the taxes to be PAID D!
such association shall be assessed upon such ar
amount as the Treasurer may determine 10 D'
the true amount of capital, surplus and undi
vided profits OF such association. Whenever al
association fails to pay the taxes imposed D!
this section the sums due may be collected III I'M
manner provided for the collection of United
states taxes from other interpretations; or tn
Treasurer may reserve the amount out OF the in
terest as it may become due on the oohds DE
Sec 10 That Section 5,l3s of the Revised
Statutes is hereby amended so as to read a
follows:
sac,,on s,as No association shall be organize
x,itb Ice. capital than 10000 except that BANK
with capital Of not less than SSoVvo may may VIZ
re annroyaI OF the Secretary of the treasury
he orsanized In any place the population OF whlc
does not exceed 5000 inhabitants and except ina
Senks with a capital OF not less than $25VO may
with the sanction OF the Secretary OF the treasury
ID. the nODulatlOn OIL WHO