The evening times., 1900-03-14

million dollars the Secretary of the Treasury ma
ton, suspend the issue of the certificates herein
And provided further. That of the amount OF sUcl
certificates onefOurth at least shall be in denOmin
dollars or less: And provided further, That the Sec
Treasury may in his discretion Issue such certitcal
nations of ten thousand dollars payable to order
fifty-One hundred and ninetythree of the Revised
United States is hereby repealed.
Sec Z. That hereafter silver certificates shall
of denominations of ten dollars and under, except
ceeding in the aggregate ten per centum of the TO
said certificates in the discretion OF the Secretary
urv NAV be issued in denOminatiO ions of twenty dol
lars and one hundred dollars and silver certificate
nomination than ten dollars, except as herein pro
whenever received at the Treasury or redeemed h
cancelled and certificates of denominations of ten
shall be substituted therefor, and after such sui
whole or in part, like volume of United States no
nomination than ten dollars shall from time to ii
and cancelled, and notes of denominations of ten d
ward shall be reissued in substitution therefor, wi
Ties and restrictions those retired and cancelled
See. s. That the Secretary of the Treasury is
lied to use at his discretion, any silver bullion in
of the United States purchased under the Act
teenth eighteen hundred and ninety, for coinage
nominations of subsidiary silver coin as may be
meet the public requirements for such coin: PrOv
amount of subsidiary silver coin outstanding sha
time exceed in the aggregate one hundred million
Whenever any silver bullion purchased under the
fourteenth, eighteen hundred and ninety. shall b
coinage of subsidiary silver coin an amount of t
in such coin shall be Cancelled and not reissued
See Q. That the Secretary of the Treasury is Il
lied and directed to cause all Worn and uncurrent
yer coin Of the United States now in the Treasury,
received to De recOned, and to reimburse the Tre
United States for the difference between the nOl
value of such coin and the amount the same will pl
coin from any moneys in the Treasury not otherv
atnd.
Sec 10. That section ffty-one hundred and t
the Revised Statutes is hereby amended as to re
-Section 513S. No asSoca ton shall be orga
less capital than one hundred thousand dollars
banks with a capital of not less than fifty thousand
with the approval Of the Sccre tarv of the Treasu
lied in any place the population of which does 4
thousand inhabitants, and except that banks witt
not less than twput -6ge thousand dollars NAV,
ton of the Secretary of he Trea sury be organized
the population of which does not exceed thee tho
tants No association shall he Organized IN Il city
of which exceeds fifty thOusan persons with
than two hundred thousand dollars"
See II. That the Secretary of the Treasury is
Ted To receive at the Treasury any of the outstan
the United States bearing interest at five per cenU
payable February first, nineteen hundred and fC
bonds of the United States bearing interest mt fOl
per annum, payable july hrst, Nineteen hundred a
any boads of the United States bearing interest at
tum per anum. payable August first nineteen
eight and to issue in exchange therefor an equal Il
non or registered bonds of the Cnited States in su
may prescribe in denorhnations of fifty dollars o
thereof bearing interest at the rate of two per
num- pavable quarterly, such bonds 20 be pavabl
ur, of the United States after thirty years from
their issue and said bonds 10 he pavable prncipa
in uod coin of the present stand ard value and to
the payment of all taxes or duties of the United
ms FROM taxation in any form 10y or under State
local authority: Provided. That Such outstanding
received in exchange at Il valuation not greater IL
cnt worth to WELD an income of TWO and one-quart
nor annum: and in consideration of the reduction
fccfcd the Secretary of the Treasury is authorized
holders of the outstanding bonds surrendered for
of anv money in the Treasury not otherwise ap
sum not greater than the difference between their
computed as aforesaid, and their par value and tl
he natIp hereunder shall bp held 10 be UlymentS
the sinking fund created - SEE ton thirtySiX hun
" four of the Revised Statutes: And provided fur
two I.r ccntum bonds to be ISSUED under the prO1
Act shall be ISSUED ut not less than par and they
bcrcd consecutiveIy in the order of their issue. a
1nrnt is made the last numbers issued shall be first
order shall be followed until all the bonds are pa
eyer anv Of the outstanding bonds are called for
est thereon shall cease three months after such q
is hereby appropriated out of anv money in the Trt
prwis, appropriated, to effect the exchanges of b
for in this Act, Il sum not excesiing oncifteenth
tum of the face value of said bonds. to pay the e
uariug and issuing the same and other expenses
TO.
See. 70. That upon the deposit with the Trea
United States by aly national banking association
of the United States in the manner provided by exis
association shal be entitled to Receive from the
the Currency circulating uotcS IN blank, registered
signed as provided 10y law equaI in amount TO the
the bonds so deposited; and any national bankiI
now having bonds OH deposit for the security
notes. and upon which AN amount of circulating II
issued less than the par value of the bonds. shal
upon due application to the Comptroller Of the Gu
cpivr additional circulating notes in blank 80 an
will increase the circulating notes held bv such
the par value of the bonds depOslte such addition
held and treated in the same way as circulating no
banking associations heretofore issued and subject
visions of law affecting such notes: Provided. Tba
incontaned shall be construed to modify or repeal
of section fty-one hundred and sixtv-seven of the
utes of the United States, authorizing the Comptro
rency to require additional deposits of bonds of l.
ease the market value OF the bonds held to secure
notes shall fall below the par val he of the circulat
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