The Lamar register., 1900-02-28

eos.'s - VI BUSINESS, ana upon the can
collation. OF treasury notes silver Ger
tlheaies shall be issued against the sill
yer dollars so coined,
''Sec. 6. That the secretary of The
treasury Is hereby authorized and al
rected to receive deposits of gold coin
with the treasurer or any assistant
treasurer of the United States In sums
OF not less than $50, and issue gold Ger.
tincates therefor in denominations of
not less than SO. and the coin so de-
posted shall be retained in the treas
ury and held for the payment OF such
certificates on demand and used for no
other purpose. Such certificates shall
be receivable for customs. taxes and
all public dues, and when 50 received
may be relssued. and when held by any
national banking association. may be
counted rs part OF It's lawful reserve;
provided. that whenever and so long
as the gold coin held In the reserve
fund in the treasury for the redemp-
ton OF United States notes and treas
urN notes shall fall aud remain below
Slupro,uco the authority to issue GER
incaies as herein provided shall be sus-
pended.
And provided further that whenever
and so long as the aggregate amount
Of United States notes and silver certi-
iicates in the general fund of the treas
ury shall exceed sOn.no1.Ou0 the secre-
tary of the treasury may, In his dis
erection, suspend the issue OF the certi-
fieates herein provided for. and pro-
vided. further, that OF the amount Of
such outstanding certificates one
fourth at least shall be in denomina-
tiOus OF $50 or less
And provided further. that the Sec
rctary OF the treasury may. In his dis
erection. issue such certificates IN de-
nomination Of $1,000. payable TO or
der. And section :, 1913 OF the Revised
Statutes Of the United States Is hereby
repealed.
-ser Z. That hereafter silver GER
tifcates shall he issued only OF denom-
nations Of $40 and under, except that
not cNces'iiug In the aggregate ten per
csntum Of the total volume Of said Ger.
ilrea5rs, in the discretion OF the secre-
tary OF the treasury. may be issued In
denominations Of 500. SJp aud <fOJ,
and silver Certliicatesc OF higher de-
nomination thsu SIn, except as herein
provided. shall Whenever received at
the treasury or redeemed. be retired
and CnBe"ird, and certificates OF demon.
nations u $40 or less shall be substi-
Iutcd therefor. and after such substi-
tutson. in whole or In part. Ike vol
umr OF United States notes OF less de
nomination than $40 shall from time to
time lc Tvtirei and cancelled. and notes
OF denominations Of $40 and upward
shall BE- reissued In substitution there
for. with like qualities and restrictions
a. those retired and cancelled.
sec s. That the secretary Of the
treasury T. hereby authorized TO use,
st his discretion. any silver bullion In
the treasury Of the United States pur-
chased under the act of July Il, 1850,
fOT coinage into such denominations Of
subsidiary silver coin as may b. neces-
sAry 10 meet the public requirements
for such coin
Provided. that the amount Of subsid-
larry silver coin outstanding shall not
al any tiuc exceed the aggregate OF
stOp.U.pGpn Whenever any silver bui-
Hon purchased under the act OF July
II, 1880. shall b. usrd in the coinage
of subsidiary silver coin an amount OF
treasury notes issued under said act
equal to the cost OF the bullion con-
tRlnsd iD such coin shall be Cancelled
and not reissued.
Sec o. Tint the secretary OF the
treasury is hereby authorized aud III
rp-cted TO cause all worn and uncnrrent
subsidiary silver coin OF the United
States now iu the treasury, and hersaf-
ter received. to b. recOined and TO re-
imburse the treasury OF the United
States Tor the difference between the
nominal or tacp value Of such cotn and
the amount the same viii produce In
new coin from any moneys In the
treasury not otherwise appropriated.
~S.c. 10 That section 5.i3S OF the
revised statutes l. hereby amended so
/ a. 10 read as follows:
Section 5,lsss. No association shall
ise organized with less capital than
$4,000 except that banks with cap
itni OF not less than $4,000 may, with
the approval OF the secretary OF the
treasury. be organized In any place the
population OF which does not exceed
5000 inhabitants. and except thar
banks with a capital OF not less than
So, COO may, with the sanction OF the
secretary OF the treasury. b. organized
in any place the population OF which
does not exceed 3,Upo inhabitants No
association shall b. organized In city
the population OF which exceeds 5u,Oro
persons with capital less than 500,
ODa.'
"Sec. IL. That the secretary of
the treasury Is hereby authorized TO
receive at the treasury any OF the out
standing bonds OF the United States
benrlug Interest al five per centum per
annum. payable February L. 1904, and
auy bonds OF the United States bearing
interest at three per centum per an
num DayabIe August /, 1908, and to