, 1900-03-01

Vided, furtner, tllhl Oh lht
such outstanding certificates one
fourth at least shall he in dehohllna-
lions of $50 or less.
"And provided further, that the sec
rotary of the treasury may. in his as
erection. issue such certificates in de-
nomination of 10000, payable TO or
der. And section 5.193 of the Revised
Statutes of the United States is hereby
repealed.
Sec. Z. That hereafter silver Ger
~tifcates shall be issued only of denom-
nations of so and under. except mat
not exceeding in the aggregate ten per
centum of the total volume of said GER
tificates, in the discretion OF the secre-
tary of the treasury, may be issued IN
denominations of $50. $50 and 500,
and silver c|ertiticatcsc of higher de
nomination thai so. except as herein
provided. shall, whenever received AT
the treasury or redeemed, he retired
and Cancelled. aud certificates of denonl-
nations of so or less shall be substi-
tuted therefor. and after such substl-
tuition, in whole or in part, n like vol
ume of United States notes OF less de-
nomination than so shall from time TO
time he retired and cancelled, and notes
Of denominations of so and upward
shall he reissucd in substitution there
for, with like qualities and restrictions
as those retired and Cancelled.
"Sec. s. That the secretary of the
treasury is hereby authorized to use,
at his discretion. any silver bullion IN
tho troas,,r,, Of tho i-nitrd States pur-
chased umdar The .ct Of .July IA. 1880.
For coj,ngo in,o .,,ch denominations of
subsiIinrv silver coin ms may he neces-
sory 60 moot no nubIic requirements
Tor srcb coin
"prnvidnd that tbc amount of subsid-
iory siIvcr coin o~utstondiup shall not
M onr limo cycnrd thr ngprcrate of
SIoo 900 poO Whenever any silver bull
lion under Tho act of July
II 1SoO shou he uScd i'm the coinage
of subsidiary silver coin. an amount of
,ro,s,,y nCtos issund undrr said act
nnuoI 10 Tho cost of thn bullion con-
toinnd in snch coin shall he cancelled
and mot rnissund
g a M, 81 +bo
oer, - nm ''s srett.S AT
ue"sIH n.i'ni ,,,",,rron+
IrSt''I ~ I"u1, an :. No. Ifritai
S"'''''N ~ ~" w. ,".t t,arn,f
s,",ua ~" u ,..' ana 70 70
W l''''''"' " w ru;.n1
nluui ~ -! =" .,on tha
nr,tn W. - - -, ,oin ,nd
n"i'liint W ~ ~ III nroJiaa IN
nv "n'Tu", II 7"r' 49, in +hn
"" .NiH - ,I,nG+a,
"'"'' i''
sec. 10 nat sectoh "'l"o Oh 'he
revised SlatutcS Is hereby aipcHue" 81
as 10 rchu as IolioWs' -
Sectloh 1'l"N. NO a~ssocIatloI sum
be organized WIN n less chllihl IMAM
Sluo'ooo except mat banks WIN Il cap
ltal OF NOT less Ihah N"u'''' may, win
me approval OF tle secrelar! Oh the
treasury De organized IN an! pace tns
populatlnh OF winch uoes not eAceeu
n'ocu lhilanlIaHls; anu eAcSPt Ihat
DankS WIN Il capital ol hot IT'S trall
N-"'VVo may WIN inc Sanctiph il Ut
secretary OF inc treasury pe oISaniHcu
IN any pace tle polulatluh OF WHICH
uoes nor exceed 3,oVo lhhapl'anls. ~
as~soclatloh shall pe "rGahI"tu ~ u cLos
the populatloh OF WhlIh eAceeus 1870
persons Win II cHll'"l l'ss '""n F-'''
W.: -
sec. IL. lHat the secretary! Vi
the treasury Is hereby huthoIi"eu 70
receive AT the 'rehslLA any VI 'ne out-
p"hds Oh 'he 'hI'eu suites
peuIinS lh''l'S' :, ' Pti ~, P.,
hii'Ih' ph!anie repI"arE !. l"vf' anu
an! bonus OF the ,hi'eu slh'es bearing
interest ht ,hrtt per cth,n nna per IN u
num- phyapie AuSuS l. Tvs, anu ~
issue I'D eNcllahsc therefor an equal
amount OF coupnh or reSIstereu pohus
OF the Ihl'ed Sta'es III such FORM as
ne may Irescrlne; III uehoiliiallons Vi
sou or any ilul'lpie tnereol' bearing III
tefest M the fate OF wv" per centrum
per ahhuil' PaNhpie quar''Tl!' sucH
Dohus TO De paEhple M the pleasure Oh
the United STATES aiter thlrty years
from the date OF thelf ISSUE ana salu
bonus 10 pe paEhpIc irIhclphl anu IN
terest IN Sold S"lh ni the present stand
ara Nalue' anu 10 ne eAelipl from the
payment OF all lakes or duties OF the
lhlteu states rs wen as from taAat!on
III any FORM by or ulder STATE hluhlcl-
PAL or local au'H"rl'!'
'~iroNlded; that such OUTSTANDING
bonds may DE received IN at
II Nhluatluh moi SIeat't man thelf pres
rni worth TO yl'ld an income OF w
ana one-quartrr per celtuin per anhuln
ana III CLASSIFICATION OF the reduction
of Interest effected, the secretary of
the treasury Is authorized TO pay to the
holders of the outstanding bonds sur
rendered for exchange GU OF any mon
] nA in 1In treasury nnI n1h1rNN1Gn an