Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1900-03-24

SEES Z. That hereafter silver cerilf-
Gates shall be Issued only OF denomina-
lions OF ten dollars and under. except
that not exceeding N the aggregate ten
per oentum OF the total volume Of said
certificates, In the discretion OF the Sec
rotary OF the treasury, may be Issued in
denominations OF twenty dollars. fifty
dollars, and one hundred dollars; and
silver certificates OF higher denomlna-
ton than ten dollars, except as herein
provided. shall, whenever received at
the treasury or redeemed be retired and
Cancelled. and certificates OF denomina-
lions OF ten dollars or less shall be sub
stltuted therefor, and after such sub
stitutlon, In whole or In part, like vol
Time Of United States notes OF less de-
nomination than ten dollars shall from
time TO time be retired and Cancelled,
and notes Of denominations Of ten dol
lars and upward shall be relssued In
substitution therefor, with like qualities
and restrictions as those retired and
Cancelled
Sec. s. That the secretary OF the
treasury Is hereby authorized 20 use,
az his discretion, any silver bullion In
the treasury Of the United States pur-
chased under the act OF July fourteenth,
eighteen hundred and ninety, for coin
age into such denominations Of subsi-
diary silver coin as may be necessary
to meet the public requirements for
such coin: Provided That the amount
Of subsidiary silver coin outstanding
shall not at any time exceed in the ag-
gregate one hundred million Of dollars.
Whenever any silver bullion purchased
under the act Of July fourteenth eigh-
teen hundred and ninety. shall be used
In the coinage OF subsidiary silver coin,
an amount Of treasury notes issued UNI
der said act equal to the cost OF the
bullion contained IN such coin shall be
Cancelled and not relssued.
Sec. g. That the secretary OF the
treasury is hereby authorized and d.
rected to cause all worn and uncurrent
subsidiary silver coin OF the United
States now In the treasury. and hereaf-
ter received. to be recoined, and TO re-
imburse the treasurer OF the United
states for the difference between the
nominal or face value Of such coin from
any moneys IN the treasury not other
wise appropriated.
Sec. 10. That section ffty-one hun
dred and thirty-eight OF the Revised
Statutes is hereby amended so as to
read as follows;
Section 5l3s. No association shall be
organized with less capital than one
hundred thousand dollars, except that
banks with a capital OF not less than
fifty thousand dollars may, with the ap-
prevail Of the secretary OF the treasury
be organized in any place the popula-
ton Of which does not exceed six thou
sand inhabitants.ande except that banks
With a capital OF not less than twenty
Ave thousand dollars may, with the
sanction Of the secretary Of the treas
ury, be organized In any place the pop
ulation Of which does not exceed three
thousand inhabitants. No association
shall be organized In a city the pOpula-
ton OF which exceeds fifty thousand
persons with capital Of less than Two
hundred thousand dollars"
Sec. II. That the secretary OF the
treasury Is hereby authorized to receive
az the treasury any OF the outstanding
bonds OF the United States bearing in
terest at five per centum per annum,
payable February first. nineteen hum
dred and four, and any bonds Of the
United states bearing interest at four
per centum per annum. payable July
first, nineteen hundred and seven. and
any bonds Of the United States bearing
interest at three per centum per annum,