The times., 1899-11-29


amount % gold ca.n and aH.HH ~ .-u-itnle
reserve tUu cqIat t0 - .i lla liAHli1i,
h.tl ui United >tstts rat.- .a.. l.,-su.l notes
ss-7fgt uHHsz tlfH aCf uI JUE if. l-'i, UGt-.all-
Ing The = il and silver ga.H- -.# ...-.L.I trans
ia-ed ram fre E.u-rai June D. Treasury -
harCll provided susii ie IuDr-. a s- diminished
as the ea-c may d., iu ae.al .au.. Hita iHs pro-
visions ai iLls act and la 10 ...a. "at-
Sec. 9. That It shall Dr. To" .H'l % ttia Sec
rotary al tLe Treasury go uElEia.H lill gold re-
serve iI,Ed taEtH APP ga tls lI."s- .t tie division
oi ISSUE and redemption s- l..r.Ia provided. and
for this purPCs. be may Tr.1. time t0 I-nt trans
fer 10 such fund aus maI,E Foo IIa lr-a=gE. Hst
otherwise aFIslI Iu4tlf- 90 Ia-l #sy.afgv any oI
IHe funds Do III. division .=-a 4uu rgIeuF-
tau iaE other iUnds wEicH Has D.. lH tne gen
,fl iuud r- The Treasury s., ars H a8.I'l"u thereto
Boz B, herciE authorized ro l--fr and SELL when
ever Do tA- luHEn''7I 81 . E..-r. .| ,.te nam
IrHauec li said reserve iG..4. ..-a, % rH- United
States bearing interest at TH.a lsf exceeding
. peg cent T,- amman, t. ... Ia gold g.lH sI
iEc t-a ~ tAtuiA years. ...' H-H.-IHtHie 80 gold
coin 90 TIE ur.iuH sod ths .tta s.-I. $ after one
g,as- Eu- uo transfer si5at lI.g I.gEe Dr. made
from tte general fund Ci .. treasury 10 thr
division 81 issue fnd redemption which Wl.l Ie-
ouec thc general fund below ~5a HJH.oI1
All IuEJed states notes sHa Treasury notes
I--slel uulCr tHy ac- 0t d#.E il. 1892 presented
t1r redemption, shall De dgr.cl ln gold cui"
ar Jfc Eiu gi the hn.dcr- .F- 8ti silver gertlt-
sst.~ presented for Ieds mFllaf -al4 b. redeemed
lu accordance with existing ta.. The Secretary
ei she IEgaslEs Is authHuzsH rIl required 90 use
r.LI reserve liN4 DID at aIL tItllt7
iIe panty and tzUai yziu- .+ every dollar issued
ur COINED iy The G-y,ruIn El. .Ho d az any time
the Secretary ei the Treasury detIl- It necessary
iu order % maintain the panty and equal value
ai all ih- Eacuty ~ the tHl-l olsta-. be may
arr Ills discretion exchange Eel Dssu tor any Other
money issued eT Ca luHd hE IHg rltel St-te-- lfe
notes and certificates SD Irds s1s.u pr exchanged
shall He hold Iu and gal-tl. atu part at ~-1E
lllI. aud -hal HgJ be withdrawn thelei-uul nor
dl~hur-ed except u exchange scr aH equivalent
amount u the coin ll which s5U u.tr- a- certI-
taatls we're redeemed ur eSe.-i.-.i. except as
E1rainne-uTe sn ms section pr.FlN. j. Nothing
ln lhis act shah te construed Dis IaH.a .ir- tiaI
provision "a The act approved Julg Il- l~' ss-ICl
PROVIDES u.at 'rg Fraat5r cr less amount rt such
notes staA Re outstanding aj at. tiuu than the
c-sr oi thg silver builioR and She a3ud silver
dollars coined I.lJrtffaru then hold Do lie Treas
ury purchased ly sI,h notes.
Sec. 3 Tlaz The Secretary ~ Ihe Treasury is
LfrriIv authorized tU I~o, 10 his ai-eru,iCn any
silver hUiiiun ia tine Treasury gt ilC United
States purchased undGr The act of July If. 1893,
i1r coinage into such denominations 81 SIh-IdiBfg
SILVER ccll may be necessary 70 meet The pub
dc requirements i0r such com. and any gain ~
sliguiarage arising from this coinage shall be
counted Tor and paid into The Treasury VI hem
ever arE sliver bullion purchased under the act
% July d. l-91, shall be used in the c8insge 0f
subsidiary silver coin, amount of Treasury
notes issued under said act equal - the uf-l @
tEe hulli.u CeErl5ugd iu such coin snail bg usl-
le5aL aTd ul- rt-ssEpd.
Soc. g That lie sec-eiar. Of, the Treasury is
ntrrl5 si.- horned and drtc.td ta causa alI worn
and uEasreut SIli~i4i-rg silver ui tte United
states Eaa iu the Treasury and hereafter rt-
geived to lie rgr8inld. aua % reimburse the
Treasurer oi tire United States for the difference
between thc ncfulGa. face ysl-a ~ slel coin and
The ltraGr.t ,ae same Vii produce DO new corn
from any moneys IN the Treasury not otherwise
-lpprcp cprlattG. 30 much 0i Ibe jgInt resolution
approved july -, lS7C. teajiug TO The issue ri
-llEFr coin. - limits The aggregate amount 0f
subsidiary corn and Of fractional currency OUT
standing = auy tlme 70 s5o,0Jo.Oo0, De and tha
same F. hereby repealed
Sec ID. Tf-t Jl.e Uni;ed States notes or Treas
amy notes issued under the act of JllE li 3SiJ.
hereafter i~-Cd ar reissl-cd. sisal be Gt such de-
nominations. Hat is~s than one dollar. IS tie
Secretary lt tie Treasury maV prescribe SILVER
rlrIEl,a-es sl.ai hereafter be- issued OF paid out
anlF Il de-Hulsltluns % une dollar. Two uul-
ial-. .rt fra dollars, agalIsI silver dollars de-
POSTED -l tie division Gl lasIc and redemption,
I'D lu exchange for silver certificates ~ GeE"min4
l5rn- e.celdf- fae dollars
Ser. s. That section 5IzJ u thu Revised Statutes
u tha United States he and The same is amend
e. is rad a. follows:
'-Ssc 5I5J. Eyuy association after having c.m-
pitd ll-h tie provisions IF tl-s tide, Irgiiml-
I8FE r. -.Hg announcement 1i the banking hllsl-
ness. ana before it shall be authorized o. CONF
mcEel 'aEEiE- husiu-=s under t-is titlr, shalt
Transfer .-l -llEfr iO the Treasurer oi tta
urr.I -I--gS. a- security for ITS circulating
l0te-- ..s tHi,Cd States registered bonds, bean
ing iE.a-l-t, 60 amount, where The capital is
elzg.Hl9 % ias. u9I lass fh-n 0ue-icuctH o. The
capital, aEd s51-o11 where The capital is - es-
cess lt si51.ggl. such bonds shall De received
ig Ihe Treasurer upon deposit. and =Ea-' D. Hy
liu safely EeEE la ts lttlre until thFg shall o.
oyife-u disposed 90 10 pursuance ~ -he pro-
t-io1, RI t--s titia, Ec sucu q liose H-EiS- nav
IGe aH dfIl-i- bel1- in excess oi thIr amount
.re aUt =l-zI 10 reduce ttl-r Ci-gsla-luu Ng tte
atEl.It ~ ..TiL. money as provided fE .aH.
Provided. it4- ;aa amount ~ such c}r.rlatiHs
notes issued ~ lrg national hankIug uI8IiHB
having Cl o. posi- laitel States bonds ta =lrIre
circulation Il tc passage 0I this aet, lr which
HaE asresi',E a.-.zit such A1n4- g. s--lE el--ll-
la-I1r. -ali Lot exceed ia sny case the par value
ID lEa h.las deposited -- te-sia provided
~g = lat -fal- national banking association
e-i Jag to tls Treasurer NJ the United states,
10 addition a. tl- taxes imposed HT al aa- APP
proved Ju.y l8- l5s-, entitled IAN act 10 provide
aE~ ar1 Illaa- To- Ilae- aar expenditure and
iH- other purposes tach half year n tire months
day thereof, t-E II gne-tCUth Of enc peg esnl
Er.u tAe value c lts franchise, as maa-ul = by
I-e aElr za-- amount ai lt> capital surplus. and
undivided profits. upon The iast day 0i tIc CsgH-
laF month UtEL preceding. SECTIONS 5ZI4 52I5.
5sI6, ana l1I7- O. yae Revised Statutes o5 Tie
lnited ~ttrs are EeIehy repealed. BGt nothing
iu this section contained -tai be So construed IS
ODD any uaEGer 20 release any national h.uziuE
association from amy liability for taxes or u.I-
a-teS incurred E..ar 10 tHe passage 0f TINS act
ll uI4r 30 cradle the Treasury to as
l.s razaz imposed by the provisions
MS section each association snail.
ut f- days from thc first days al j4u-
u.g l3 luIF ai gacH year. make q return, under
rae ..-a ai its president Cr cashier % Ihc Treas
-..t-H -tH-r 20 atAA-t -"At- t-t.
Treasurer may prescribe = the afuourt "f IT,
uarf. ElHlIu= and UEciYided profits up1H the
- at -ta calendar month preceding. EVERY
Hl-4.- fails - make sseI return shat
A- l...a t1 penalty Uf 500, 20 be collected
r-.ag aaf tsse interest as II may become due
-a.a aa=-a..f a aa tLl bonds deposited with sine
Treasurer. r, a- bis option, iH the manner in
r.-a# I--s.tIes -rc to De- collected oi H-l.r cor
THlt1.rs rl-.r JEg laws af the United ~ille-
NHHaglr aHF association sails 90 make fIu ra-
ru required. tbe taxes o. be paid Hv such
tte lr.--s-r iray determine % DE- ri.e Jrle
a--sl- - capital. surplus, and undivided HTalils
-a..att.u- Whenever au association fails
tg U-E r-e taxes imposed iE this section. the
doe -alv be collected lu The laluaaI r.a-
E-ae- il- -te collection ei United States taxes
t.U u...- corp cations. gr the Treasurer Hlag
re-re fsa aUauui alt 81 tAa interest a- "a 1far
a -a 10 OBJ. bonds deposited NaIH HTl lE
sHHa a.-aH..5-G association.
>s.r..a T. Ta-t section 7Ias 81 the Revised
~lt= rs Fig amended 30 as 20 read as
s Ea association shall b. Organized
Er- r-l.tal tHau $4,000. rze.rr tfat
tals- HH.a taE.Hal ~ n0- less tlau $4,000
H1E. ElLs tae approval li ta. Sclratar,. Vt tfe
Treasury, .'s organized 10 ans place the usn4Is-
t.aa Ui rlI.a does H.t eEg-sd f.aH1 irhahitlut-.
and eEn4f tlat banks vitl gapitl. of uof les
f.aa $4,000 r-lF, Elfl tle sanction { iHa Score.
-rT q. -t1 Treasury. he o.galiz.a iH amy place
tl- population ui which docs D0t exceed 2Hg
inhabitants 30 association SHAH he argariz-8 rr
titF TEa reputation lf HFeh srrr.H- $4,000
rHr-.s Hitl d lUIral lt la=E than -ZIfeF
Report Of the Committee.
The report q the committee states tha,
tha most important feature OF the proposed
H.u Is the establishment Of the gold stand
ara u PAW. Iu supper. Of me bill ,he re-
port says
.F.rmEgsz. stability, and c0Istaucy are
Clarac-5 st5-s which any standard must
possess II 81 shall meet the demand un0u il
HT universal use f8F honest and true meas