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61ST CONGKESS \ SdSemm QT?M ) . ,r,v bENATfc f DOCUMENT 580 1 Part 2 NATIONAL MONETARY COMMISSION TABLE OF CONTENTS LAWS OF THE UNITED STATES CONCERNING MONEY, BANKING, AND LOANS, 1778-1909 Washington : Government Printing Office : 1910 TABLE OF CONTENTS. FINANCE. Page. Articles of Confederation Constitution 1 3 ACTS OP CONGRESS. 1789, July Sept. 1790, Mar. Aug. Aug. Aug. Dec. 1791, Feb. Mar. Mar. Mar. 1792, May May May 1793, Feb. Mar. Mar. 1794, Mar. Apr. May May June June June Dec. 1795, Jan. Jan. Feb. Mar. 1796, Feb. Apr. May May May June 31.—Collection of duties—Rates of coins 2.—Treasury Department established 26.—Payment of interest, appropriation for 4.—Payment of the public debt; commissioners 5.—Settling accounts with States 12.—Reduction of public debt 27.—Payment of the public debt 25.—Bank of the United States incorporated 3.—Revenues pledged for interest and debt 3.—Reduction of the public debt 3.—Loan for protection of frontiers 2.—Loan for protection of frontiers 8.—Supplementary provision for payment of the debt 8.—Appropriation for foreign intercourse 28.—Authorizing a loan 2.—Loan from Bank of United States, payment on 2.—Extending time for subscriptions by public creditors 20.—Authorizing a loan of $1,000,000 21.—Claims for destroyed certificates 30.—Extending time for subscriptions by public creditors 31.—Interest on balances due to States 4.—Loan from Bank of United States, payment on 5.—Appropriation for vessels 9.—Authorizing a loan: Foreign intercourse 18.—Authorizing a loan of $2,000,000 8.—Payment of foreign debts and loan from Bank of the United States 28.—Extending time for subscriptions by public creditors 21.—Reimbursement of a loan from revenue 3.—Further provision for credit and redemption of debt 19.—Extending time for subscriptions by public creditors 28.—Further provision for credit and redemption of debt 6.—Authorizing a loan for city of Washington 30.—Additional loan for foreign intercourse 31.—Provision for payment of certain public debts 1.—Loan for military and naval establishments ni 3 4 6 7 15 17 19 20 21 23 24 24 25 27 27 28 28 29 29 31 31 32 33 33 34 34 35 35 36 43 44 45 46 46 48 IV NATIONAL MONETARY COMMISSION. FINANCE. 1797, Mar. 3.—Appropriation of duties to pay debt Mar. 3.—Receipt of stock in payment for lands authorized Mar. 3.—Extending time for subscriptions by public creditors July 8.—Authorizing a loan of $800,000 1798, June 12.—Respecting loan office and final settlement certificates, indents of interest, and the unfunded or registered debt July 9.—Time of presenting claims against the United States July 16.—Enabling the President to borrow $5,000,000 July 16.—Authorizing loan to anticipate direct tax 1799, Feb. 15.—Respecting balances due by States Mar. 2.—Appropriation for augmenting the army 1800, May 7.—Enabling the President to borrow $3,500,000 May 10.—Duties of the Secretary of the Treasury 1802, Apr. 29.—Providing for redemption of whole of public debt 1803, Feb. 26.—Additional loan for foreign intercourse Nov. 10.—Creating stock for Louisiana purchase Nov. 10.—Provision for payment of French spoliation claims 1804, Feb. 24.—Extending certain acts to the Territories Mar. 26.—Authorizing loan to protect American commerce and seamen against the Barbary powers 1806, Feb. 13.—Additional loan for foreign intercourse Apr. 18.—Discontinuing receipt of public debt for land 1807, Feb. 11.—Providing for exchange of stock 1809, Mar. 3.—Requiring disbursing agents to keep public moneys in bank.. June 28.—Extending powers of sinking fund to all cases of reimbursement 1810, May 1.—Authorizing a loan for a sinking fund 1811, Mar. 2.—Authorizing a loan of $5,000,000 1812, Mar. 14.—Authorizing a loan of $11,000,000 June 30.—Authorizing Treasury notes July 1.—Making Louisiana purchase stock transferable July 6.—Subscription and exchange of stock July 6.—Authorizing agents for $11,000,000 loan 1813, Feb. 8.—Authorizing a loan of $16,000,000 Feb. 25.—Authorizing Treasury notes Aug. 2.—Authorizing a loan of $7,500,000 1814, Mar. 4.—Authorizing Treasury notes 1 Mar. 24.—Authorizing a loan of $25,000,000 Nov. 15.—Authorizing a loan of $3,000,000 Dec. 15.—Pledging revenues for sinking fund Dec. 21.—Authorizing loan in anticipation of duties Dec. 26.—Authorizing Treasury notes 1815, Jan. 9.—Authorizing a loan to anticipate direct tax Feb. 24.—Authorizing Treasury notes Mar. 3.—Authorizing a loan of $18,452,800 1816, Apr. 30.—Resolution: Use of legal currency 1817, Mar. 3.—Duties of commissioners of loans transferred to Bank of the United States Mar. 3.—Terminating authority for loans and Treasury notes 1817, Mar. 3.—Providing for redemption of debt Mar. 3.—Restrictions on banks in District of Columbia 1818, Apr. 13.—Extending time for loan office and final settlement certificates 1819, Feb. 4.—Payment of lost Treasury notes Page. 48 49 49 50 50 51 52 53 54 55 56 57 57 61 62 64 65 65 66 66 68 71 71 72 73 75 76 78 79 80 80 81 83 84 85 86 87 89 89 90 91 94 95 95 97 98 101 102 102 FINANCE. LAWS CONCERNING MONEY, BANKING, AND LOANS. 1820, May 1821, Mar. 1822, Feb. Apr. May May 1823, Mar. 1824, Jan. May May 1825, Mar. Mar. 1830, Apr. 1832, July 1836, Apr. June July 1837, Oct. Oct. 1838, May 1839, Mar. 1840, Mar. July 1841, Feb. July Aug. 1842, Jan. Apr. Aug. 1843, Mar. 1846, July Aug. Aug. 1847, Jan. Feb. 1848, Mar. 1850, Sept. 1852, Aug. 1853, Mar. Mar. 1857, Mar. Dec. 1858, June 1859, Mar. 1860, June Dec. 1861, Feb. Mar. 15.—Authorizing a loan of $3,000,000 3.—Authorizing a loan of $5,000,000 19.—Enabling States to transfer stock 20.—Authorizing exchange of stocks 3.—Limiting receipt of Treasury notes 7.—Extending time for loan office and final settlement certificates. 3.—Making foreign gold coins receivable for lands 22.—Authorizing purchase of 7 per cent stock 24.—Authorizing stock for settlement of Spanish claims 26.—Authorizing exchange of stocks 3.—Providing punishment for counterfeiting, etc 3.—Authorizing a loan or exchange of stock of 1813 24.—Authorizing redemption or purchase of debt 14.—Extending time for loan office and final settlement certificates 11.—Repealing transfer of duties of commissioners of loans 7.—Payment of Spanish claims 4.—Suspending the sinking fund 12.—Authorizing Treasury notes 16.—Settling drafts transferring deposits to States 21.—Authorizing Treasury notes 2.—Authorizing Treasury notes 31.—Authorizing Treasury notes 4.—Establishing the Independent Treasury 15.—Authorizing Treasury notes 21.—Authorizing loan of $12,000,000 13.—Repealing the Independent Treasury act 31.—Authorizing Treasury notes 15.—Extending the loan act of 1841 31.—Concerning sale of stock and authorizing Treasury notes 3.—Reissue and funding of Treasury notes 22.—Authorizing Treasury notes and a loan, in all $10,000,000 6.—Better organization of the Treasury 10.—Payment of lost or stolen Treasury notes 28.—Authorizing Treasury notes and a loan, in all $23,000,000 9.—Payment of interest on public debt 31.—Authorizing a loan of $16,000,000 9.—Payment of $10,000,000 to Texas in stock 31.—Disposition of unexpended appropriations 2.—Compensation for designated depositaries 3.—Authorizing payment of market price for stock 3.—Safe-keeping of public moneys 23.—Authorizing Treasury notes 14.—Authorizing a loan of $20,000,000 3.—Continuing issue of Treasury notes 22.—Authorizing a loan of $21,000,000 to fund Treasury notes 17.—Authorizing Treasury notes 8.—Authorizing a loan of $25,000,000 2.—Authorizing a loan of $10,000,000 and payment or issue of Treasury notes or certificates Mar. 2.—Payment on account of Indian hostilities July 17.—Authorizing a loan of $250,000,000; issue of bonds or Treasury notes V Page. 103 103 104 104 106 106 107 107 109 110 Ill 112 113 114 115 116 117 117 119 120 120 121 121 127 128 129 129 130 132 133 134 136 141 143 147 147 149 149 150 150 151 151 153 154 155 156 158 159 161 161 VI NATIONAL MONETAKY COMMISSION. FINANCE. Page. 1861, Aug. 1862, Feb. Mar. Mar. Apr. July July 1863, Mar. Mar. 1864, Mar. Mar. June June June June 1865, Jan. Feb. Mar. 1866, Apr. Apr. June July July 1867, Feb. Mar. Mar. 1868, Feb. July 1869, Mar. Mar. 1870, Mar. July July 1871, Jan. 1872, May June 1873, Mar. Mar. Mar. 5.—Exchange of bonds for Treasury notes; supplementary to preceding act 25.—Authorizing United States notes and redemption, and funding the floating debt 1.—Authorizing certificates of indebtedness 17.—Authorizing the purchase of coin 21.—Establishing a branch mint at Denver 1.—Aiding construction of Pacific railroads 11.—Authorizing United States notes 3.—-Authorizing a loan of $900,000,000 and third issue of legaltender notes 3.—Coin or bullion contracts, and tax thereon 3.—Supplementary to loan act of March 3, 1863 17.—Resolution: Interest on public debt may be anticipated 3.—Providing a national currency, secured by bonds 17.—Prohibiting certain sales of gold and foreign exchange 30.—Authorizing a loan of $400,000,000 30.—Safekeeping of internal-revenue moneys; taxes 28.—Issue of Treasury notes instead of bonds 13.—Providing for acting assistant treasurers 3.—Authorizing a loan of $600,000,000 7.—Prohibiting portrait on securities 12.—Exchanging Treasury notes for bonds 14.—Safekeeping of public money intrusted to disbursing officers.. 3.—Amending Pacific Railway act 26.—Authorizing bonds in denominations greater than $1,000 5.—Punishing forgery, counterfeiting, etc 2.—Authorizing Assistant Secretary of the Treasury to sign warrants .. 2.—Authorizing temporary loan certificates; redemption compound-interest notes 4.—Suspending further reduction of the currency 25.—Authorizing further temporary loan certificates; redemption compound-interest notes 3.—Prohibiting work for private parties in Engraving and Printing Bureau 18.—Strengthening the public credit; specie payments 25.—Withholding money from States in default 8.—Refunding interest paid by Massachusetts on account of war.. 14.—Authorizing the refunding of the national debt 20.—Amending act authorizing refunding of the national debt 23.—Limiting the appropriation for preparation of securities 1.—Providing for the issue of bonds in lieu of those destroyed or defaced 3.—Withholding payments to Pacific railroads for freight 3.—Use of money received on account of Geneva award.. 3.—Fixing the value of the English sovereign or pound sterling.. 164 165 168 169 170 171 174 175 179 180 181 181 182 183 188 188 189 190 191 192 193 194 195 195 199 199 200 200 201 201 202 202 203 206 206 207 208 208 209 REVISED STATUTES. Sec. 248. General duties of the Secretary of the Treasury 257. Annual reports to Congress 3473. Duties and other debts, in what currency to be paid 210 210 210 FINANCE. LAWS CONCEBNING MONEY, BANKING, AND LOANS. VII Sec. Page. 3476. Treasury notes payable for debts of the United States 211 3481. Retention of money due States in default 211 3576. Portrait on securities 211 3591. Treasury of the United States 211 3592. Certain mints and assay offices to be depositaries 211 3593. Public moneys subject to draft of the Treasurer 211 3594. Mint and assay officers as assistant treasurers 211 3595. Assistant treasurers 212 3596. Salaries of assistant treasurers 212 3597. Receipt of commissions and perquisites by assistant treasurers, forbidden. 212 3598. Rooms for use of assistant treasurers 212 3599. Their care and use of the rooms 212 3600-1. Bonds of assistant treasurers and subordinates 213 3602. Deputy assistant treasurer at New York 213 3603-12. Authorize the employment of subordinate officers, etc., at subtreasuries 213 3613. Deputies in case of sickness or absence 213 3615. Collectors of public moneys to pay over 213 3616. How marshals and district attorneys may pay into the Treasury 214 3617. Moneys to be deposited without deduction 214 3620. Duty of disbursing officers 214 3621. Deposit of moneys required 215 3639. Duties of officers as custodians of public moneys 215 3640. Transfer of moneys from depositaries to Treasury 215 3641. Transfer of postal deposits 215 3644. Public moneys in Treasury and depositaries subject to draft of Treasurer. 216 3645. Regulations for presentment of drafts 216 3649. Examination of depositaries 216 3650. Examination of accounts of custodians of public moneys 216 3651. Exchange of funds restricted 217 3652. Premium on sales of public moneys to be accounted for 217 3659. Investment of trust funds 218 3689. Permanent annual appropriations 218 3693. Payment in coin 218 3694. Application of coin paid for duties 219 3695. Cancellation of bonds redeemed or paid 219 3696. Addition to sinking fund 219 3697. Redemption of 6 per cent bonds 219 3698. Payment of interest 220 3699. Anticipation of interest 220 3700. Purchase of coin 220 3701. Exemption from taxation 220 3702. Duplicate for bonds destroyed 220 3703. Indemnity for destroyed bonds 221 3704. Duplicate of lost registered bond may be issued 221 3705. Indemnity for missing bond 221 3706. Exchange of registered for coupon bonds 221 3707. Credit to officers for stolen notes 222 3708. Imitating securities or printing advertisements thereon 222 5153. Duties and liabilities of national-bank depositaries 222 5158. United States bonds defined 223 5260. Withholding payments to certain railroads 223 5413. Obligation or other security of the United States defined 223 viii NATIONAL MONETARY COMMISSION. Sec. 5414. 5415. 5430. 5431. 5432. 5433. 5434. 5435. 5436. 5437. 5453. 5488. 5489. 5490. 5491. 5492. 5497. Forging or counterfeiting securities Counterfeiting national-bank notes Using plates to print notes, without authority, etc Uttering, etc., forged obligations Taking impressions of tools, implements, etc Having unlawful possession of impressions Dealing in counterfeit securities False personation of holder of public stocks False demand on fraudulent power of attorney Circulating bills of expired banks Secreting or embezzling tools or materials for printing securities Disbursing officer unlawfully disposing of public moneys Failure of treasurer, etc., to safely keep public moneys Custodians of public money failing to safely keep without loaning, e t c . . Failure of officer to render accounts, etc Failure to deposit as required Unlawfully receiving, to be embezzlement FINANCE. Page. 223 223 224 225 226 226 226 227 227 227 228 229 229 229 229 230 230 ACTS S U B S E Q U E N T TO THE R E V I S E D STATUTES. 1873, Dec. 1874, J u n e June 1875, Jan. Mar. Mar. Mar. 1876, Apr. 1878, May June June 1879, J a n . Feb. Mar. Mar. 1881, Mar. 1882, J u l y 1884, May 1886, Mar. 1887, Mar. 1889, Mar. 1890, Oct. 1891, F e b . 1894, Aug. Aug. 17.—Providing for the redemption of t h e loan of 1858 20.—Repeal of permanent appropriations for national loan 23.—Payment of Alabama claims; issue of bonds 14.—Providing for t h e resumption of specie payments 3.—Force to be employed i n carrying out act of 1874; redemption of bonds 3.—Payment for Mississippi River improvements to b e in money or bonds 3.—Adjustment of taxes and penalties due from mining and other corporations 11.—Payment of Alabama claims; issue of bonds 31.—Forbidding t h e further retirement of United States legal-tender notes 8.—Superintendents of mints and assayers may be constituted assistant treasurers 11.—Sinking fund abolished and transferred 25.—Facilitating t h e refunding of t h e national debt 26.—Authorizing t h e issue of certificates of deposit in aid of t h e refunding of t h e public debt 3.—Bullion certificates repealed 3.—Appropriation for t h e blind 3.—Surplus in Treasury to purchase bonds 12.—Exchange of 3J per cent for 3 per cent bonds 16.—To prevent and punish counterfeiting 31.—Authorizing t h e temporary appointment of an acting assistant treasurer 3.—Investigation of Pacific railroads 2.—Names on portraits 1.—Incorporation of trust, loan, mortgage, and other corporations within the District of Columbia 10.—To prevent counterfeiting, etc 13.—State taxation of national-bank and Treasury notes 15.—Bonds to be issued for paying Cherokee Nation 230 231 232 233 235 236 237 237 238 238 239 239 240 240 241 241 241 242 242 243 244 245 245 247 247 BANKING*. LAWS CONCEBNING MONEY, BANKING, AND LOANS. IX Page. 1896, May 28.—Moneys to be deposited in public depositories 1898, June 13.—Ways and means to meet war expenditures; certificates of indebtedness, bonds July 1.—Hand-roller presses July 7.—Settlement with Pacific railroads July 7.—Joint resolution: Annexing the Hawaiian Islands; assumption of debt 1900, Mar. 14.—To define and fix the standard of value, and maintain the parity of money, to refund the debt, etc June 6.—Settlement with Pacific railroads June 6.—Safe-keeping and disbursement of moneys in the Philippines, Cuba, and Porto Rico June 6.—Joint resolution: Authorizing the Banco Espanol de Puerto Rico to amend by-laws 1901, Mar. 3.—Amending section 5153, Revised Statutes; national-bank depositaries 1902, June 28.—Isthmian Canal loan July 1.—Depositaries of public money in the Philippines 1905, Dec. 21.—Supplemental to Isthmian Canal act 1906, June 25.—Modifying appropriation for the blind 1908, May 30.—Amending the national banking law (Aldrich-Vreeland Act). 1909, Mar. 4.—National monetary commission continued Aug. 5.—Isthmian Canal; additional issue of bonds; certificates of indebtedness 1910, Feb. 4.—Bonds and certificates of indebtedness; conditions of issue 248 248 250 250 251 252 257 258 258 259 260 261 261 262 263 264 265 266 BANKING. ACTS OP CONGRESS. 1791, Feb. 25.—Incorporating the Bank of the United States Mar. 2.—Supplementary to the bank act 1793, Feb. 28.—Loan from the bank; how to be paid Mar. 2.—Payment of first installment on a loan due the bank 1794, June 4.—Payment of second installment on a loan due the bank June 5.—Loan authorized; how to be paid June 9.—Loan authorized; how to be paid .•» 1795, Jan. 8.—Payment of foreign debts, and third installment on a loan due to the bank Feb. 21.—Reimbursement of a loan authorized at last session 1796, June 1.—Loan authorized; how to be paid 1798, June 27.—Penalty on forging or counterfeiting bills, etc., of the bank... July 16.—Obtaining a loan on credit of the direct tax 1799, Mar. 2.—Loan from the bank; how to be paid 1802, Apr. 29.—Provision for the redemption of the whole of the public debt; employment of the bank 1803, Feb. 26.—Loan from the bank 1804, Feb. 24.—Acts concerning the bank extended to Louisiana Mar. 23.—Bank authorized to establish offices of discount and deposit.. Mar. 26.—Loan from the bank; how to be paid 1806, Feb. 13.—Loan from the bank; how to be paid 1807, Feb. 24.—Punishment of frauds committed on the bank 1809, June 28.—Loans from the bank authorized ,..,.« ,,,.,.,. 157X2—S. Doc. 580, pt 2, 61-2 2 269 276 277 278 278 279 279 280 280 281 282 282 282 283 284 284 285 285 286 286 287 X NATIONAL MONETAKY COMMISSION. BANKING. Page. 1811, Feb. 15.—Acts concerning banks in the District of Columbia and Territories 1812, Mar. 14.—Loans from banks in the District of Columbia Mar. 19.—Repealing tenth section of the bank act 1813, Feb. 8.—Loans from the banks in the District of Columbia Aug. 2.—Loans from the banks in the District of Columbia Aug. 2.—Laying duties on notes of banks, etc 1814, Nov. 15.—Loan from the banks in the District of Columbia Dec. 10.—Supplementary to act laying duties on notes of banks, etc Dec. 21.—Loan in anticipation of a direct tax 1815, Jan. 9.—Loan from United States Bank in anticipation of taxes 1816, Apr. 10.—Incorporating the Bank of the United States 1817, Mar. 3.—Transferring duties of commissioners of loans to the bank Mar. 3.—Concerning banks in Washington, Georgetown, and Alexandria 1825, Mar. 3.—Forgery of Treasury notes or other public securities 1836, Apr. 11.—Repealing transfer of duties of commissioners of loans June 15.—Repealing fourteenth section of the United States Bank act.. June 23.—Regulating deposits of public money June 23.—Respecting government stock in the United States Bank July 4.—Supplementary to act regulating deposits of public money; transfers 1837, Oct. 2.—Postponing further deposits with the States Oct. 16.—Adjusting claims upon deposit banks 1838, July 5.—As to receipt of bank notes July 7.—Forbidding issue of notes of expired corporations July 7.—Restraining small notes in the District of Columbia 1841, Aug. 13.—Deposit act of 1836 repealed, except 1861, Aug. 5.—Deposits in solvent specie-paying banks 1863, Feb. 25.—Providing a national-bank currency Mar. 3.—Tax on fractional notes of banks, etc 1864, June 3.—Providing a national-bank currency June 30.—Duty on deposits, capital, and circulation of banks and bankers 1865, Mar. 3.—Taxation and conversion of banks Mar. 3.—Amending national-bank act; circulation 1867, Mar. 2.—Temporary loan certificates issued to redeem compound interest notes; part of bank reserve 1868, Feb. 10.—In relation to taxing shares in national banks 1869, Feb. 19.—Forbidding banks to lend upon United States notes Mar. 3.—Providing for reports by banks Mar. 3.—In reference to certifying checks by national banks Mar. 3.—Penalty for violating bank laws 1870, July 12.—Redemption of 3 per cent temporary loan certificates and increase of bank notes (and gold banks) July 14.—Retirement of notes by banks in liquidation 1872, June 8.—Receipt of United States notes on deposit; certificates therefor; reserve 1873, Jan. 20.—Examination of banks in District of Columbia Feb. 19.—Condition of banks organized under state laws Mar. 3.—Banks to restore capital when impaired, and amending national currency act , 288 292 292 292 292 293 293 293 294 294 295 311 312 313 314 315 315 322 323 323 324 325 326 326 326 327 327 329 330 362 362 364 365 365 366 367 368 368 369 372 373 374 374 375 BANKING. LAWS CONCEKNING MONEY, BANKING, AND LOANS. XI REVISED STATUTES, COMPTROLLER OF THE CURRENCY. Sec. 332. Examination of banks in District of Columbia 333. Comptroller to report annually to Congress Page. 376 377 SUITS, JURISDICTION, A N D EVIDENCE. 380. 563. 629. 884. 885. Solicitor to supervise suits under banking laws Jurisdiction of suits Jurisdiction of suits Papers of Comptroller as evidence Organization certificates as evidence 377 377 377 378 378 BANKS AND BANKERS. 3407. Definition of words "bank," "banker" 378 TAX ON CIRCULATION, ETC. 3410. 3411. 3412. 3413. 3414. 3415. 3416. 3417. Capital of banks expired or converted Circulation, when exempted from tax Tax on notes of persons or state banks Tax on notes of cities, etc Returns of notes of persons, cities, state banks, etc., paid out In default of returns, what Converted bank to make returns and pay tax Tax on deposits, capital, and circulation 378 378 379 379 379 379 380 380 DEBTS D U E B Y OR TO THE UNITED STATES. 3475. National bank notes, receivable for what 380 LEGAL T E N D E R . 3590. Interest-bearing notes, legal tender 380 ORGANIZATION A N D POWERS OP NATIONAL B A N K S . 5133. 5134. 5135. 5136. 5137. 5138. 5139. 5140. 5141. 5142. 5143. 5144. 5145. 5146. 5147. 5148. 5149. 5150. 5151. Formation of national banks Requisites of organization certificate Acknowledging and filling certificate Corporate powers of associations Power to hold real property Capital required Shares of stock and transfers How payment of stock must be made and proved If shareholder fails to pay installments Increase of capital stock Reduction of capital stock Right of shareholders to vote Election of directors Qualifications of directors Oath required from directors Filling vacancies Where no election is held on the proper day Election of president of board Individual liability of shareholders 381 381 381 382 383 383 383 383 384 384 384 385 385 385 385 386 386 386 386 XII Sec. 5152. 5153. 5154. 5155. 5156. NATIONAL MONETAKY COMMISSION. BANKING. Executors, trustees, etc., not personally liable Banks as designated depositaries for public moneys Conversion of state banks into national State banks having branches Rights of associations organized under act of 1863 Page. 387 387 387 388 388 OBTAINING A N D ISSUING CIRCULATING NOTES. 5157. 5158. 5159. 5160. 5161. 5162. 5163. 5164. 5165. 5166. 5167. 5168. 5169. 5170. 5171. 5172. 5173. 5174. 5175. 5176. 5177. 5178. 5179. 5180. 5181. 5182. 5183. 5184. 5185. 5186. 5187. 5188. 5189. Provisions applicable to associations United States bonds defined United States bonds to be deposited before commencing business Bonds to be increased or diminished according to capital Exchange of coupon for registered bonds Manner of making transfers of bonds Registry of transfers Notice of transfer to be given to association Examination of registry and bonds Annual examination of bonds by associations Bonds to be held to secure circulation; interest; increase; exchange; withdrawal Comptroller to determine if associations can commence business Certificate of authority to commence business Publication of certificate Delivery of circulating notes to associations Form, denominations, and printing of circulating notes Control of plates and dies and expenses of Bureau Annual examination of plates, dies, etc Issue of notes under $5 limited Circulation of certain banks limited to $500,000 Aggregate amount of circulating notes Apportionment of circulating notes Equalizing the distribution of circulating notes Method of procedure in withdrawing excess of circulation Removal of associations from State having an excess of circulation to one having a deficiency Circulating notes, when may be issued by association Issue of other notes prohibited Destroying and replacing worn-out and mutilated notes Organization of association for issuing gold notes Gold bank reserve; to be received at par; "Lawful money " Penalty for unlawfully countersigning or delivering circulating notes... Imitating national-bank notes with advertisements thereon Mutilating, etc., national-bank notes 389 389 389 389 389 389 390 390 390 390 391 392 392 393 393 393 394 394 394 395 395 395 395 396 396 397 397 397 397 398 398 398 399 REGULATION OF THE B A N K I N G B U S I N E S S . 5190. 5191. 5192. 5193. 5194. 5195. 5196. 5197. 5198. Place of business Requirements as to lawful money reserve Redemption cites; reserve which may be kept; clearing-house certificates. United States certificates of deposit may be issued, and count as reserve. Limitation upon the issue of certificates of deposit Agents for redemption of circulating notes to be designated National banks to receive notes of all other national banks Limitation upon rate of interest Usurious interest , ,. 399 399 400 400 401 401 401 402 402 BANKING. LAWS CONCERNING MONEY, BANKING, AND LOANS. XIII Sec. 5199. 5200. 5201. 5202. 5203. 5204. 5205. 5206. 5207. Page. 402 403 403 403 403 404 404 405 5208. 5209. 5210. 5211. 5212. 5213. 5214. 5215. 5216. 5217. 5218. 5219. Dividends and surplus fund Limit of liabilities to an association of any person, firm, etc Association not to loan upon or purchase their own stock Limit of indebtedness of associations Circulating notes not to be hypothecated Withdrawal of capital prohibited Enforcing payment of deficiency in capital stock Associations not to pay out uncurrent notes Penalty for offering or receiving United States or national-bank notes as security for loans, etc Penalty for falsely certifying checks Embezzlement List of shareholders to be kept subject to inspection Reports of associations to Comptroller Dividends and earnings, reports of Penalty for failure to make reports Duty on circulation, deposits, etc Semiannual returns of circulation, deposits, and capital stock Method of assessment if return is not made How tax may be collected if association fails to pay Refunding excess of duties paid State taxation 405 405 406 406 406 407 407 407 408 408 408 408 409 DISSOLUTION AND RECBIVBESHIP. 5220. 5221. 5222. 5223. 5224. 5225. 5226. 5227. 5228. 5229. 5230. 5231. 5232. 5233. 5234. 5235. 5236. 5237. 5238. 5239. 5240. 5241. 5242. 5243. Voluntary liquidation Notice of intent to dissolve Deposit of lawful money to redeem circulation Consolidating banks need not deposit lawful money Reassignment of bonds to closed banks Destruction of redeemed notes Mode of protesting notes Examination by special agents, after notice of protest Association not to do business after notice of protest Notice to noteholders Sale of bonds at auction Sale of bonds at private sale Disposition to be made of notes redeemed Cancellation of notes Receiver, appointment and duties of Notice by Comptroller to creditors Dividends by Comptroller to creditors Injunction upon receivership Fees and expenses of protest and receivership Penalty for violation of this title Bank examiners, appointment, powers, etc Limitation of visitorial powers Transfers, assignments, etc., after an act of insolvency, void Use of the title "national" 409 409 409 410 410 410 410 411 411 411 412 412 412 413 413 413 413 414 414 414 415 416 416 416 ACTS SUBSEQUENT TO THE REVISED STATUTES. 1874, June 18.—Deposits in certain savings banks to be exempt from taxation. June 20.—Fixing the amount of United States notes, redistribution of national-bank currency, etc June 22.—Certain savings banks exempt from internal-revenue tax 417 418 422 XIV NATIONAL MONETAKY COMMISSION. BANKING. Page. 1875, Jan. 14.—Providing for the resumption of specie payments Jan. 19.—To remove the limitation restricting the circulation of banking associations issuing notes payable in gold Feb. 8.—A tax on notes; returns to Commissioner of Internal Revenue. Mar. 3.—Taxes and penalties due from mining and other corporations. 1876, June 30.—Authorizing the appointment of receivers of national banks, etc 1877, Mar. 3.—Expenses of engraving and printing 1880, Feb. 14.—Authorizing the conversion of national gold banks 1881, Feb. 26.—Defining the verification of returns of national banks 1882, July 12.—To enable national-banking associations to extend their corporate existence, etc 1883, Mar. 3.—Internal-revenue taxes on banks, etc., repealed 1885, Mar. 3.—Banks in Territories authorized 1886, Mar. 29.—Additional to the national currency act of June 3, 1864 May 1.—Increase of capital stock, and change of name or location 1887, Mar. 3.—Jurisdiction of banks by the courts Mar. 3.—Amending sections 5191 and 5192, Revised Statutes; reserve cities 1890, May 2.—Effect of national-banking laws in Oklahoma July 14.—Directing the purchase of silver bullion and the issue of treasury notes thereon; redemption of bank notes 1892, May 12.—Branch bank at the World's Columbian Exposition, authorized. July 28.—Amending act for the redemption of national-bank notes stolen or lost Aug. 3.—Amending an act authorizing appointment of receivers 1894, Aug. 13.—State taxation of national bank and United States notes 1897, Mar. 2.—Amending an act authorizing appointment of receivers of national banks, etc 1898, June 13.—Annual tax upon banks and bankers imposed 1900, Mar. 14.—To define and fix the standard of value, maintain the parity of money, refund the public debt; provisions applicable to national banks Apr. 12. —Federal laws applicable to Porto Rico Apr. 30.—Federal laws applicable to Hawaii June 6.—Safekeeping and disbursement of public moneys in the Philippines, Cuba, and Porto Rico June 6.—Joint resolution: To authorize and empower the Banco Espanol de Puerto Rico to amend by-laws 1901, Feb. 18.—Banks and trust companies in the Indian Territory Mar. 3.—Branch bank at the Louisiana Purchase Exposition Mar. 3.—Amending section 5153, Revised Statutes; public depositaries. 1902, Apr. 12.—Extension of charters of national banks Apr. 28.—Report of liquidation expenses 1903, Mar. 3.—Amendment of sections 5191 and 5192, Revised Statutes; reserve cities, etc 1905, Feb. 28.—Amending section 5146, Revised Statutes; qualifications of directors of national banking associations Dec. 21.—Isthmian Canal bonds, rights, etc 1906, June 22.—Amending section 5200, Revised Statutes; indebtedness to banks 1907, Jan. 26.—Corporations contributing for political elections Mar. 4. —Amending the national banking act 1908, May 30.—Amending the national banking laws (Aldrich-Vreeland act).. 1909, Mar. 4,—National monetary commission 422 423 424 424 425 428 429 430 430 435 435 436 437 438 438 439 440 441 441 442 442 442 446 446 448 448 449 449 450 451 451 452 452 453 453 454 455 455 456 458 469 COINAGE. LAWS CONCERNING MONEY, BANKING, AND LOANS. XV COINAGE. Page. 473 473 Articles of Confederation Constitution ACTS OP CONC IESS. 1791, Mar. 3.—Resolution: Mint established 1792, Apr. 2.—Establishing a mint and regulating the coinage May 8.—Providing for copper coinage 1793, Jan. 14.—Amending act establishing a mint and regulating the coinage.. Feb. 9.—Regulating foreign coins 1794, Mar. 3.—Alteration of the act establishing a mint and regulating the coinage 1795, Mar. 3.—Supplementary to the act establishing a mint and regulating the coinage 1796, May 27.—Respecting the mint 1797, July 22.—Proclamation that the mint is open 1798, Feb. 1.—Supplementary to the act regulating foreign coins 1800, Apr. 24.—Respecting the mint May 14.—Supplementary to the act establishing the mint and regulating the coinage 1801, Mar. 3.—Concerning the mint 1804, Feb. 24.—Coinage acts extended to the Louisiana Purchase 1806, Apr. 10.—Regulating foreign coins Apr. 21.—Counterfeiting the current coin 1812, Apr. 14.—Prohibiting the exportation of specie, etc., for a limited time.. 1818, Jan. 14.—Continuance of the mint at Philadelphia 1823, Mar. 3.—Continuance of the mint at Philadelphia 1825, Mar. 3.—Counterfeiting, embezzling, etc 1828, May 19.—Continuance of the mint at Philadelphia, etc 1834, June 27.—Gold and silver a tender June 28.—Concerning the gold coins of the United States June 28.—Regulating certain foreign gold coins 1835, Mar. 3.—Establishing branches of the mint 1837, Jan. 18.—Supplementary to the act establishing the Mint and regulating the coinage 1849, Mar. 3.—Coinage of gold dollars and double eagles 1850, May 23.—Providing for advances of coin for bullion Sept. 30.—Assaying and stamping gold in California 1851, Mar. 3.—Coinage of 3-cent piece 1852, July 3.—Branch mint in California established, etc 1853, Feb. 21.—Amendment relative to half dollar, quarter dollar, dime, and half dime Mar. 3.—Assaying; mint officers, and coinage Mar. 3.—Assaying and coinage 1857, Feb. 21.—Relating to foreign coins; coinage of cents, etc 1862, Apr. 21.—Branch mint at Denver established 1863, Mar. 3.—Branch mint at Carson City established , 1864, Apr. 22.—Amending act relating to foreign coins and the coinage of cents June 8.—Counterfeiting coins 1865, Mar. 3.—Coinage of 3-cent pieces, etc 1866, May 16.—Five-cent pieces authorized 1867, Mar. 22.—Joint resolution: Coin and bullion on special deposit in the Treasury „ , 473 474 480 481 481 483 483 485 486 487 487 488 488 489 490 491 491 492 493 493 494 495 496 497 498 500 508 509 510 510 511 511 513 514 517 518 520 522 523 523 525 527 XVI NATIONAL MONETARY COMMISSION. COINAGE. Page. 1868, July 1869, J? eb. 1870, July 1871, Mar. 1873, Feb. 20.—Refining gold and silver bullion; exchange for refined bars... 19.—Assay office at Boise City established 15.—Exchange of bullion, weight, etc 3.—Redemption of copper and other token coins 12.—Revising and amending the laws relative to the mints, assay offices, and coinage 530 REVISED STATUTES. See. 343. Bureau of the Mint established 345. Powers and reports by directors 3474. What coin receivable 3495. Enumeration of mints and assay offices 3496. Officers of mints 3497. Superintendent of certain mints to perform duties of treasurer 3500. Oath of office of officers, assistants, and clerks 3501. Bonds of officers, assistants, and clerks 3502. Who to act in absence of director, superintendent, etc 3503. General duties of superintendents of mints 3504. Ibid 3505. Coins reduced in weight by abrasion 3506. Duties of superintendents in respect to coins and bullion 3507. Duties of assayers 3508. Duties of melters and refiners 3509. Duties of coiners 3510. Duties of engravers 3511. Gold coins of the United States and their weight 3512. Gold coins, recoinage of 3513. Silver coins and their weight 3514. Standard for gold and silver coins 3515. Minor coins, their weight and alloy 3516. Issue of other coins prohibited 3517. Inscriptions upon coins 3518. Gold and silver bars 3519. Coining gold bullion; deposits may be refused 3520. Silver bullion may be received for forming into bars or trade dollars 3521. Bullion, weighing and ascertaining its value 3522. Bullion, assay of 3523. Bullion, assayed, assayer to report to superintendent quality of 3524. Bullion, etc., charges for converting into coin 3525. Assayer to verify calculations of value of deposits 3526. Bullion, purchase of, for silver coinage; the silver-profit fund 3527. Paying out silver coins for gold coins authorized 3528. Metal for minor coinage, purchase of; minor-coinage profit fund 3529. Minor coins, delivery and redemption of 3530. Bullion, transfer of, for making into ingots 3531. Ingots to be assayed and receipted for 3532. Ingots, delivery of, to coiner 3533. Ingots used for coinage, standard of 3534. Preparation and stamping of bars for payment of deposits 3535. Deviations allowed in adjusting weights of gold coins 3536. Deviations allowed in adjusting weights of silver coins 3537. Deviations allowed in adjusting weights of minor coins 3538. Delivery of coins by coiner and trial of pieces , 527 527 529 529 , 550 551 551 551 551 551 551 552 552 552 553 553 553 554 554 554 554 555 555 555 555 555 556 556 556 556 556 557 557 557 557 557 558 558 558 559 559 559 559 560 560 560 560 560 560 COINAGE. LAWS CONCERNING MONET, BANKING, AND LOANS. XVII Sec. Page. 3539. Trial pieces to be sealed up and transmitted quarterly to the mint at Philadelphia 561 3540. Disposal of clippings, etc 561 3541. Yearly settlement of accounts of coiner and of melter and refiner 562 3542. Allowance for wastage 562 3543. Statement of balance sheet to be forwarded by superintendent to director 562 3544. Delivery of coin or bars to depositor 563 3545. Payment in money to depositors when value ascertained 563 3546. Exchange of unparted bullion for fine bars 563 3547. Appointment and meeting of assay commissioners 563 3548. Standard troy pound for the regulation of coinage 564 3549. Standard weights for mints and assay offices 564 3550. Yearly destruction of obverse working dies 564 3551. National and other medals may be struck at the mint at Philadelphia... 565 3552. Money arising from charges to be covered into the Treasury 565 3553. Business of assay office at New York 565 3554. Appointment of officers at New York 565 3555. Duties, etc., of officers at New York 565 3557. Appointment and salaries of assistants and employees at New York 566 3558. Business of mint at Denver and assay offices, Boise City and Charlotte... 566 3559. Appointment of officers at Denver, Boise City, and Charlotte 566 3560. Powers and duties of assayers at assay offices 566 3561. Bond and oath of officer and clerk 566 3562. Laws relating to mints extended to assay offices 567 3563. Decimal system established 567 3564. Value of foreign coins, how ascertained 567 3565. Value of the sovereign or pound sterling 567 3566. Recoinage of foreign coins 567 3567. Spanish and Mexican coins 568 3568. Their transmission for recoinage 568 3584. Foreign coins, legal tender 568 3585. Gold coins of the United States 568 3586. Silver coins of the United States 568 3587. Minor coins 568 3592. Certain mints and assay offices to be depositaries 568 3594. Certain superintendents to be assistant treasurers 569 3651. Disbursing officers exchanging funds for gold or silver; payments in coin. 569 3697. Redemption of 6 per cent bonds in coins 569 3700. Purchase of coin 570 5457. Counterfeiting gold or silver coins or bars 570 5458. Counterfeiting minor coins 570 5459. Falsifying, mutilating, or lightening coins 571 5460. Debasing coins by officers of the mint 571 5461. Making or uttering coins resembling money 572 5462. Making or uttering devises of minor coins 572 ACTS SUBSEQUENT TO THE REVISED STATUTES. 1874, Jan. 29.—Coinage at the mint for foreign countries May 12.—To establish an assay office at Helena June 22.—Transfer of gold mint bars from the assay office to the assistant treasurer at New York 1875, Jan. 14.—To provide for the resumption of specie payments Mar. 3.—Authorizing the coinage of a 20-cent piece 572 573 573 574 574 NATIONAL MONETARY COMMISSION. XVIII COINAGE. Page. 1876, Apr. July Aug. 1877, Jan. Mar. 1878, Feb. May June June 1879, Mar. June 1881, Mar. Mar. Mar. 1882, May July Aug. 1886, Aug. 1887, Mar. 1888, May 1889, Mar. 1890, July Sept. Sept. Oct. 1891, Feb. Mar. Mar. 1892, Aug. Aug. 1893, Mar. Nov. 1894, Aug. 1895, Feb. Mar. Mar. 1896, June 1897, Feb. Mar. Mar. 1898, May June July 17.—Issue of silver coins in redemption of fractional currency 22.—Joint resolution: Issue of silver coin 15.—Refining and parting bullion 16.—Amending section 5457, Revised Statutes; counterfeiting 3.—Refining and parting bullion 28.—To authorize the coinage of the standard silver dollar and to restore its legal-tender character 2.—To prohibit the coinage of the 20-cent piece 8.—To constitute superintendents of mints or assayers, assistant treasurers 19.—Refining and parting bullion; payment to depositors; coin certificates; charges to pay expenses 3.—Bullion certificates 9.—Exchange of subsidiary coins for lawful money; legal tender.. 1.—To amend section 3524, Revised Statutes; charge for melting or refining bullion 3.—Parting and refining bullion 3.—Free transportation of silver coin 26.—Receipt of United States gold coin in exchange for gold bars.. 12.—Gold certificates 7.—Free transportation of silver coin 4.—Free transportation of silver coin 3.—Retirement and recoinage of the trade dollar 24.—Authorizing a conference with Mexico and other countries as to a common silver coin 2.—Silver-profit fund, use of 14.—Purchase of silver bullion and the issue of treasury notes thereon 26.—To amend section 3510, Revised Statutes, and to provide for new designs of authorized devices of coins 26.—To discontinue the coinage of the $3 and $1 gold pieces and 3cent nickel piece 1.—Value of foreign coins; estimated quarterly 10.—Counterfeiting, etc 3.—Issuance of gold bars in exchange for gold coin 3.—Recoinage silver coins, trade dollars, etc., into standard 5.—International monetary conference 5.—Coinage of souvenir half dollars for the World's Columbian Exposition 3.—Authorizing coinage of souvenir quarter dollars for the World's Columbian Exposition 1.—Discontinues purchases of silver bullion 13.—State taxation of coin 20.—Coinage at the branch mint at Denver 2.—Assay office at Denver to continue; refinery of gold and silver. 2.—International monetary conference 11.—Minor coins, recoinage, etc 19.—Assay office at Denver, rents, expenses, etc 3.—International monetary conference 3.—To amend section 5459, Revised Statutes; mutilating coins, etc 21.—Assay office at Seattle established 13.—Coinage of silver dollars authorized 7.—Refining of bullion, etc., at coinage mints, etc 575 576 577 577 578 579 581 581 582 583 584 584 585 585 586 586 587 587 588 589 589 589 592 593 593 594 596 597 597 598 599 599 600 601 601 602 603 603 604 605 606 606 607 PAPBBMONEY. LAWS CONCERNING MONEY, BANKING, AND LOANS. 1899, Feb. 24.—Mint at Carson, appropriation Mar. 3.—Lafayette souvenir dollars Mar. 3.—Counterfeiting, etc., in Alaska 1900, Mar. 14.—To define and fix the standard of value, to maintain the parity, to refund the public debt, etc Apr. 12.—Redemption, etc., of Porto Rican coins 1901, Mar. 3.—Amendment in relation to receipt of gold coin in exchange for gold bars 1902, June 28.—Louisiana Exposition gold dollar 1903, Jan. 14.—Hawaiian silver coinage and silver certificates Mar. 3.—Subsidiary coinage, limitation removed Mar. 3.—Counterfeiting, etc 1904, Apr. 13.—Lewis and Clark Exposition gold dollar 1905, Feb. 21.—Use of devices calculated to convey the impression that the United States certifies to the quality of gold or silver used marts 1906, Apr. 24.—Purchase of metal and the coinage of minor coins, and the distribution and redemption of said coins 1908, May 18.—Restoration of the motto " In God we trust" XIX Page. 607 608 609 610 615 616 616 617 619 619 620 621 622 624 PAPER MONEY. ACTS OP CONGRESS. 1791, Feb. 25.—Bank of the United States; bills or notes receivable by the United States 1797, Mar. 3.—Receipt of evidences of the public debt in payment for lands. 1798, June 27.—Forging or uttering counterfeit bills, etc., on the Bank of the United States 1807, Feb. 24.—To punish frauds on the Bank of the United States 1812, Mar. 14.—Loans from banks in the District of Columbia Mar. 19.—Repealing the tenth section of the act to incorporate the Bank of the United States 1816, Apr. 10.—Bills or notes of the Bank of the United States, receivable for what 1834, June 27.—Payments not to be made in bank notes below par June 30.—Certain banks not to issue promissory notes for less than $10.. 1836, Apr. 14.—Denominations of bank notes 1838, July 5.—Modifying the last clause of section 5 of the deposite act of June 23, 1836 July 7.—Bills, notes, etc., of expired corporations prohibited July 7.—To restrain the circulation of small notes in the District of Columbia 1840, Mar. 31.—Additional to the act on the subject of Treasury notes 1841, Aug. 13.—Denominations of bank notes 1861, July 17.—To authorize a national loan 1862, Feb. 25.—To authorize the issue of United States notes, and for the redemption or funding thereof Mar. 17.—Demand notes may be legal tender; new notes in place of wornout July 11.—Additional issue of United States notes July 17.—To authorize payments in stamps and to prohibit notes of less than$l 1863, Jan. 17.—Joint resolution: Issue of United States notes for one hundred millions 627 627 628 628 629 630 630 630 631 631 631 632 633 633 634 634 635 637 638 641 641 XX NATIONAL MONETARY COMMISSION. PAPERMONE*. 1863, Mar. 3.—Issue of Treasury notes for four hundred millions 1864, June 3.—Issue of national-bank notes June 30.—Interest-bearing Treasury notes, issue, legal tender, etc.; fractional currency 1865, Mar. 3.—To amend act to provide a national currency Mar. 3.—No fractional note to be issued under 5 cents 1866, Apr. 12.—Treasury notes exchangeable for bonds May 16.—No fractional currency of less than 10 cents 1867, Feb. 5.—Counterfeiting, etc Mar. 26.—Notes of towns, cities, or municipalities taxable. 1868, Feb. 4.—Further reduction of the currency suspended 1869, Feb. 19.—To prevent loaning money upon United States notes Mar. 18.—To strengthen the public credit; notes payable in coin 1870, July 12.—Redemption of temporary loan certificates and increase of bank notes Sec. 254. 3475. 3476. 3571. 3572. 3573. 3574. 3575. 3576. 3577. 3578. 3579. 3580. 3581. 3582. 3583. 3588. 3589. 3590. 3651. 3652. 3689. 3693. 3708. 5171. 5172. 5173. 5175. 5177. 5178. 5179. 5180. 5181. 5182. Page. 642 645 645 647 648 648 649 650 650 651 651 652 653 REVISED STATUTES. Gold certificates, issue of Legal-tender quality of national-bank notes Treasury notes payable for all debts of the United States United States notes Amount of fractional currency authorized No fractional currency less than 10 cents Form and redemption of fractional notes Regulations for the issue and redemption of notes No portrait of living person to be placed on securities Engraving and printing notes Expenses of issuing notes Reissue of United States notes Replacing mutilated notes Destruction of notes Reduction of the currency suspended Restriction on notes less than $1 Legal-tender qualities of United States notes Legal-tender qualities of demand Treasury notes Legal-tender qualities of interest-bearing notes Exchange of funds restricted Premium on sales of public moneys to be accounted for Permanent annual appropriations; expenses of issue, redemption, etc., paper money Payment in coin of all obligations of the United States Imitating securities or printing advertisements thereon Delivery of circulating notes to banks Form, denomination, and printing of bank notes Control of plates and dies and expenses of bureau Issue of notes under $5 limited Limit to aggregate amount of circulating notes Apportionment of aggregate amount of circulating notes Equalizing the apportionment of circulating notes Withdrawal of notes Removal of bank to another place For what demands national-bank notes may be received 657 657 657 657 658 658 658 658 658 658 659 659 659 659 659 659 659 660 660 660 661 661 661 662 662 663 663 663 663 664 664 664 665 665 PAPERMONEY. LAWS CONCERNING MONEY, BANKING, AND LOANS. XXI Sec. Page. 5183. Issue of other notes prohibited 666 5184. Destroying and replacing worn-out and mutilated notes 666 5185. Gold-note banks 666 5186. Bank reserve, and receiving notes of other banks 667 5187. Penalty of issuing notes to unauthorized banks 667 5191. Lawful money reserve of national banks 667 5192. What may be counted lawful money reserve; redemption cities 668 5193. Certain certificates of deposit may be counted as reserve 668 5194. Limitation upon the issue of certificates of deposit 669 5195. Agents for redemption of circulating notes 669 5196. National banks to receive notes of other national banks 669 5206. Associations not to pay out uncurrent notes 670 5207. United States or national-bank notes not to be held as collateral 670 5226. Mode of protesting notes 670 5227. Examination of banks which fail to redeem their notes 671 5228. Continuing business after default 671 5229. Notice to holders; redemption; cancellation of bonds 671 5230. Sale of bonds of defaulting bank at auction 672 5231. Sale of bonds of defaulting bank at private sale 672 5232. Disposal of protested notes 672 5233. Cancellation of national-bank notes 672 5234. Appointment of receivers for national banks 673 5236. Dividends after bank defaults 673 5237. Injunction upon receivership 673 5238. Fees and expenses of receivership, etc 674 5242. Transfers of notes, etc., after insolvency, void 674 5243. Use of the title "national" 674 5413. "Obligation or other security of the United States " defined 675 5414. Forging or counterfeiting United States securities 675 5415. Counterfeiting national-bank notes 675 5430. Using plates to print obligations of the United States without authority, etc 676 5431. Uttering, etc., forged obligations 677 5432. Taking impressions of tools, implements, etc 677 5433. Having unlawful possession of impressions 678 w. 5434. Dealing in counterfeit securities 678 5435. False personation of holder of public stock 678 5436. False demand on fraudulent power of attorney 679 5437. Circulating bills of expired banks 679 5453. Secreting or embezzling tools and materials for printing securities 679 ACTS SUBSEQUENT TO THE REVISED STATUTES. 1874, June 20.—Fixing the amount of the United States notes, redistribution of the national-bank currency June 23.—Notes to be destroyed by maceration 1875, Jan 14.—Resumption of specie payments Jan. 19.—Limit to circulation of gold banks removed Feb. 8.—Tax on circulation of other than national banks, etc Mar. 3.—Making and issuing currency 1876, Apr. 17.—Redemption of fractional currency June 30.—Fraudulent notes to be stamped as '' counterfeit" July 22.—Joint resolution: Issue of silver coin for legal-tender notes 680 684 685 686 687 687 688 689 689 XXII NATIONAL MONETARY COMMISSION* PAPERMONBY. 1877, Mar. 3.—Engraving and Printing Bureau, appropriation for 1878, Feb. 28.—Issue of certificates of deposit for silver dollars May 31.—Further retirement of United States legal-tender notes forbidden June 8.—Superintendents of mints or assayers may be assistant treasurers 1879, Mar. 3.—Bullion certificates June 21.—Fractional currency reserve 1882, July 12.—To enable national banking associations to extend their corporate existence, etc 1886, Aug. 4.—Silver certificates to be issued; printing large denominations in lieu of small 1887, Mar. 3.—Legal-tender notes may be redeemed at San Francisco 1890, July 14.—Purchase of silver bullion and the issue of Treasury notes thereon 1891, Feb. 10.—Counterfeiting, etc., United States obligations 1892, July 28.—Redemption of national-bank notes stolen or lost 1893, Nov. 1.—To repeal a part of the act directing the purchase of silver bullion and the issue of Treasury notes thereon 1894, Aug. 13.—State taxation of national banks and United States Treasury notes 1898, July 1.—Printing from hand-roller presses 1899, Mar. 3.—Counterfeiting, etc., in Alaska 1900, Mar. 14.—To define and fix the standard of value, to maintain the parity, to refund the public debt Apr. 23.—Printing notes of larger denomination 1901, Mar. 3.—To amend section 5153, Revised Statutes; national-bank depositaries 1907, Mar. 4.—To amend the national banking act 1908, May 30.—To amend the national banking laws (Aldrich-Vreeland act).. o Page, 690 691 691 692 692 693 693 697 697 698 700 701 702 702 703 703 704 710 711 711 714
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