New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-24

tiOns heretofore issued, and subject 10 all the
provisions Of law affecting such notes.
Provided. that nothing herein contained shall
be construed 10 modify or repeal the provisions
OF Section . 16T Of the Revised Statutes Of the
United States, authorizing the Controller OF the
Currency 10 require additional deposits Of bonds
or Of lawful money in case the market value
OF the bonds held TO secure the circulating notes
outstanding for which such bonds may be de-
posted security,
And provided further. THAI the circulating
notes furnished 10 National banking assOcia-
tons under the provisions OF this act shall be
Of the denominations prescribed by law. except
that no National banking association shall.
after the passage Of this act be entitled 70 re-
ceive from the Controller Of the Currency, or 70
issue or reissue or place in circulation more
than One-thtrd in amount of its circulating
notes Of the denomination OF 81,
And provided further that the total amount
Of such notes issued 10 any such association
may equal at any time but shall not exceed
the amount at such times of its capital stock
actually paid in;
And further provided. that under regulations
to be prescribed by the Secretary Of the Treas
ury. any National banking association may sub
stitute the > per Cenrum bonds issued under the
posted with the Treasurer 10 secure Circula-
ton or 10 secure deposits of public money. and
much of act entitled An act TO enable
National banking associations TO extend their
corporate existence, and for other purposes,
approved July II, 1882. as prohibits any Ma
tiOnal bank which makes any deposit OF lawful
money in order to withdraw its CirCula
notes from receiving any increase of its cirCU-
latiOn for the period Of six months from the
time il made such deposit OF lawful money for
the purpose aforesaid. is hereby repealed. and
all other acts or parts of acts inconsistent with
the provisions Of this section are hereby re-
pealed
TAX ON NATIONAL BANKS
Sec -. That every National banking asso-
citation having deposit. as provided by law.
bonds OF the United States bearing interest ar
the rate Of , per Centum per annum, issued
under the provisions OF this act, TO secure its
circulating notes. shall pay 10 the Treasurer OF
the United States. in the months Of January
and July. a tax OF One-fOUrth Of l per ceutum
each half year upon the average amount Of such
Of its notes in circulation are based upon the
deposit OF said per centum bonds: and such
taxes shall be in lieu OF existing taxes on its
notes in circulation imposed by Section J.214
of the Revised Statutes
Sec. II. That the provisions Of this act are
not intended 10 preclude the accomplishment
Of International bimetallism whenever Condi-
lions shall make il expedient and practicable
10 secure the same by concurrent action Of the
leading commercial nations of the world and
a ratio which shall insure permanenCe Of
relative value between gold and silver
The title OF the bill is An act define and
fix the standard Of value, 10 maintain the parity
of all forms Of money issued or coined by the
United States, TO refund the public debt, and
for other purposes