The age-herald., 1900-02-24

ing association may be counted as part ot it's lawful reserve
 Provided, that whenever, and so long as gold coin held reserve fund in the treas ury for the redemption of United States notes, and treasury notes shall fall and re- main below $100,000,000 the authority to issue certfica tes as herein provided, shall be suspended;
 And provided further, that whenever and so long the aggregate amount of United States and silver certificates in the general fund of the treasury shall exceed $6O 100000, the secretary of the treasury may, in his discretion, suspend the issue of the cer- tifcates herein provided Tor;
 And provided further that of the amount of such outstanding certificates, one-foursh at least shall be in denominations of $50 or less;
 And provided further, that the secretary of the treasury may, in his discretion, issue such certificates in denominations of $10,000, payable to order. And section 5l93 of the revised statutes of the United States is hereby repealed.
 Issuance of Silver Certificates
 Section That hereafter silver certifi- cates shall be issued only of denominations of ten dollars and under, except that not exceeding in the aggregate ten percentum of the total volume of said certificates in ttie discretion of the secretary Of the treaS- Ury may be issued in denommations of twenty dollars, fifty dollars and one nun dred dollars; and silver certificates of higher denomination than ten dollars ex- cept as herein provided shall be redeemed and retired and cancelled, and certificates of denominations of ten dollars or less shall be substituted ,therefor; and after such substitution, in whole or in part like volume of United States notes of less de- nominations than ten dollars shall from time to time be retired and cancelled and notes of denomina tions of ten dollars and upwards shall be re-issued in s,Josti- tuition therefor with like qualities and re- strictions as those retired and cancelled.
 Section S-Ihat the secretary of the treasury is hereby authorized to use at his discretion any silver bullion in the treas 'ury of the United States purcnased under the act of July II, 1890, for coinage into sucn denominations of subsidiary silver coin as may be necessary to meet the pub- iic requirements for such coin. Provided 'tEat the amount of subsidiary silver coin outstanding shall not exceed S10O,OOO, ,OOO Whenever any silver bullion purchased un- der the act of July H. 1S90 shall be used iii the coinage of subsidiary silver coin. an amount of treasury notes issued under said act equal 10 the cost of the bullion contained in such coin shall be cancelled and not re-issued.
 Section 9-That the secretary of the treasury Is hereby authorized and directed to cause all worn and uncurrent silver coin or the United States now in the treasury and hereafter received to be re-coined and to reimburse the treasury of the United States for the difference between the nomi- nal or face value of such coin and the amount the same will produce in our coin from any moneys in the treasury not other wise appropriated.
 Section 5I3S Amended
 Section 10-That section 513S of the re- vtsed statutes is hereby amended so as to read as follows:
 Section 513S-No association shall be or- ganized with a less capital than one hun dred thousand dollars except that banks with capital of not less than fifty thous- and dollars may, with the approval of the secretary of the treasury, be organized in any place the population of which does not exceed 4,0O0 inhabi.arts, and except that banks with a capital of not less than twen- ty-ive thousand dollars may, with the sanction of the secretary of the treasury, be organized in any place the population of which does not exceed 5000 inhabitants. No association shall be organized in city the population of which exceeds 500O0 persons with a capital of less than $200,0OO.'
 The Bond Ss ct:on
 Section 11-That the secretary of the treasury is hereby authorized to receive at the treasury the outstanding bonds of the