Page:United States Statutes at Large Volume 36 Part 1.djvu/989

 SIXTY-FIRST CONGRESS. sms. 111. ons. 190, 191. 1911. 965 public debt, and for other purposes, approved March fourteenth, nineteen hundred, as amended by the Act approved March fourth, nineteen hundred and seven, be, and the same is hereby, further ameéided soTal;s to lreaéic as follows: ‘“ ‘ nc. 6. at the cretary of the Treasu is hereb authorized Gm °°'““°°¥°° ***‘ and directed to receive de osits of old coinrivith the Treasurer, or ii>iiic$i¤.d9p0sm of any assistant treasurer of tllie United States, in sums of not less than twenty dollars, and to issue gold certificates therefor in denomina- D°“°'“*“““°“*· tions of not less than ten dollars, and the coin so deposited shall be retained in the Treasury and held for the payment of such certificates on demand, and used for no other purpose. Such certificates shall be receivable for customs, taxes, and all public dues, and when so received may be reissued, and when held by any national bankin _ association may be counted as a part of its lawful reserve; Promkiezi §°,'Q'§’,',§‘,‘{§;,,,, 0, im, That whenever and so long as the old coin and bullion held in the gggeggéuud b°l°*' reserve fund in the Treasury for tim redemption of United States ’ ` notes and Treasury notes shall fall and remain below one hundred million dollars the authority to issue certificates as herein rovided shall be suspended: And promded further, That whenever and) so long ,,,,‘f“c;‘,},§§,°,;",,“f,,,_°*e§_§l‘ as the aggregate amount of United States notes and silver certificates in the Treasury. ' in the general fund of the Treasury shall exceed sixty million dollars the Secretary of the Treasury may, in his discretion, sus end the _ issue of the certificates herein provided for: And further, ,,,,1§,',}‘,Q‘,‘;‘§,‘§;"‘°‘;,,,,,‘,;{ That of the amountt of such outstanding certificates one-fourth at wm least shall be in denominations of fifty dollars or less: And provided Mme ¤¤¢¢¤- further, Thaf the Secretary of the Treasury may, in his discretion, issue such certificates in denominations of ten thousand dollars, pay- able to order: And provided further, That the Secretary of the Treasury ,,,,{“,§’§‘§,, ,{$§€,g*{,“2{,‘{§ may, in his discretion, receive, with the assistant treasurer in New ¤¤i¤- York and the assistant treasurer in San Francisco, deposits of foreign gold coin at their bullion value in amounts of not less than one thousand dollars in value and issue gold certificates therefor of the description herein authorized: And provided further, That the Secretary of b,}§‘,§f,_‘°' "‘“"l’°d the Treasury may, in his discretion, receive, with the Treasurer or any assistant treasurer of the United States, degosits of gold bullion bearing the stamp of the coinage mints of the nited States, or the assay office in New York, certifying their weight, lineness, and value, in amounts of not less than one thousand dollars in value, and issue gold certificates therefor of the description herein authorized. But M¤=¥¤¤¤¤¤· the amount of gold bullion and foreign coin so held shall not at an time exceed one—third of the total amount of gold certificates at such time outstanding. And section fifty-one hundred and ninety-three wg,  $,,5193. v- of the Revised Statutes of the United States is hereby repea ed." ’ pe ` Approved, March 2, 191]., CHAP. 191.-An Act To authorize the receipt of certified checks drawn on national March Z 1911- and State banks for duties on imports and internal taxes, and for other purposes. [Public, N0. 440.] Be it enacted by the Senate and House of Rtyresentativea of the United States of America in Llmgress assembled, That it shall be lawful for §‘;;Qgfgd°hf§}”bu& collectors of customs and of internal revenue to receive for duties on toms dunes and innerimports and internal taxes certified checks drawn on national and State ml ”°°°°€‘ banks, and trust companies during such time and under such regulations as the Secretary of the Treasury may prescribe. No person, ¤1¤¤¤¤·¤¤¤>’·¤¤¤*· however, who may be indebted to the United States on account of duties on imports or internal taxes who shall have tendered a certified check or checks as provisional payment for such duties or taxes, in accordance with the terms of this Act, shall be released from the obligation to make ultimate payment thereof until such certified check so 8S740°—-vox. 36, rr 1-11--—-63