Page:United States Statutes at Large Volume 34 Part 1.djvu/1320

 1290 FIFTY-NINTH CONGRESS. Sess. [I. Cns. 2913-2914. 1907. Treasury, insufficient to meet the public demand therefor, he is hereby _ authorized to issue United States notes of the denominations of one ,,g,;gl},°§€ `3§{{§°§§l“”` dollar, two dollars, and five dollars, and upon the issue of United States notes of such denominations an equal amount of United States notes of fgfgyjggte mmm, higher denominations shall be retired and canceled: Provided, furwever, i i That the ag regate amount of United States notes at any time outstanding shad remain as at present tixedlby law: And prom d further, " m§’;,§§‘Q_Q{‘(}d'f““*‘ “s“° That nothing in this Act shall be construed as affecting the_r1ght of any national bank to issue one-third in amount of its circulating notes of the denomination of five dollars, as now provided by law. R- 5-.5*- F·153.1>—9°6· Sec. 3. That section fifty-one hundred and fifty-three of the Revised °m°ud°d` Statutes be amended to read as follows: satrcnrqlsanrsd “Sec. 5153. All national banking associations, designated for that 0,°§‘f{,{’§b1§,’§Ff,',fEy§$ purpose by the Secretary of the _ reasury, shall be deposrtaries of · ub rc money, under such regulations as may be prescribed by the Secretary; and they may also be employed as financial agents of the Government; and they shall perform all such reasonab e duties, as depositaries of public money and financial agents of the Government as may be required of them. The Secretary of the Treasury shall require the associations thus designated to give satisfactory security, by the deposit of United States bonds and otherwise, for the safekeeping and prompt payment of the public money deposited with them, _ and for the faithful performance of their duties as financial agents of §Q’,'j,",,,f’§;,,,,f,,,,c,,,;. the Government: Provided, That the Secretary shall, on or before the ¤¤¤ ¤>·1¤i¤¤<*· first of January of each year, make a public statement of the seculiro qugyc sr pu rities required uring that year for such deposits. And every associa- T,m§'f'§Z_ wm""' tion so designated as receiver or depositary of the public money shall - take and receive at par all of the national currency bills, by whatever association issued, which have been paid into the Government nrsmbuuon or de· for internal revenue, or for loans or stocks: Provided, That the Secrel’°’“’· tary of the Treasury shall distribute the deposits herein provided for, as far as practicable, equitably between the different States and sections." numlgeg 2. v- 164. Sec. 4. That section nine of the Act of July twelfth, eighteen hunv¤z.:;1,'p.4s.dred and eighty-two, as amended by the Act of March fourteenth, nineteen hundred, be further amended to read as follows: cuiwihdzgglqdgy "Sr:c. 9. That any national barrkiqg association now organized, or p¤¤mlii•w1mm¤¤¤y, hereafter organized, desiring to with raw its circulating notes, upon °'€=,,,_,,,_,,_m_ a deposit of awful money with the Treasurer of the United States, as provided in section four of the Act of June twentieth, eighteen hunm§¤r;*:°°{_*g: °¤ ¤*¤~ red and seventy-four, or as provided in this Act, is authorized to ‘deposit lawful money and, with the consent of the Comptroller of the Currency and the approval of the Secretary of the Treasury, withp draw a proportionate amount of the bonds held as security for its ggrlisopl mmm_ circulating notes in_the order of such deposits: Provided, That not d,,,,.,,., i,,m.,ed_ ’ more than nine mnllrons of dollars of lawful money shall be deposited during any calendar month for this purpose: And provided jim!/a.er, 1;.,.,.;,. c,;;.,.; g.,,.? That the provisions of this section shall not apply to bonds called for circulating notes in consequence thereof." Approved, March 4, 1907, 10 a. m. n4,1 . CHAP. 2914. An Act T safr‘. T ‘_‘ lggrck  under the Navy Department? tis 5 certain claims against the Covernment arising Public No. 249. [ 1 Be it enacted oy t/re Senate and House of Repreaentative.s of the United I,$:;_’g,(§{ljPg{**:;g§fi¤ States of America an Congress aseenzbled, That the following sums be, claims. and the same are hereby, apprgpriated, out of any money in the Treasury not otherwise approprmt, to pay the claims arising under the
 * ’°*“¤'*°"· °'°· redemption by the Secretary of the Treasury. nor to withdrawal of