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^Hy law, not exceeding in amount < j^Einety per centum of the market I ^Htlue, but not in excess of tho par I ^Bslue of any bonds so deopsited, such i ^Htftrket value to be ascertained and < ^Btetermined under the direction of I JHho secretary of the treasury . Tho treasurer of the United States, I ^Bvith the approval of the secretary of ^Bhe treasury, shall accept as security , ^ for the additional circulating notes , ^ provided for in this section, bonds or | ^ btlier interest-bearing obligations of , W&nv State of the United States, or , Wwiy legally authorized bonds issue by , fe^iiy city, town, county, or other Cpegally constituted municipality or , rfjaifrtrict in the United States which | a period of ten years previous to | w|ch deposit lias not defaulted in the payment of any part of either princi- , Vrafcor interest of any funded debt au- ( Subrized to be contrncfed by it, and jSjp/|joso net funded indebtedness does jfifiO.t exceed ton per centum of the val- ! W, 1 ggiption of its taxable property, to be jptscertained bv the last preceding 1 ^Bvalmition of property for the assess- 1 ^nucnt of taxes. The treasurer of the ^ United States, with the approval of * ho secretary of the treasury, shall ' ^Hccopt, for tho purpose of this sec- ( HHion, securities herein enumerated in ^Huch proportions as lie may from time ' |H> time determine, and he may with f BBich approval at any time require the ^HBnposit of additional securities or re- 1 ^Huirc any association to change the 1 Hharacter of the securities already on 1 B'lSec. 4. That the legal title of all ^^ ">nds, whether coupon or registered, ' HHjfcpositod to secure circulating notes 1 ^Hisuod in accordance rvflh the terms ot* ' ^^weetion 3 of this act shall bo trans- 1 Mfrerred to the treasurer of the United I l^fetatcs in trust for the association do- ' ^^ ositing them, under regulations to prescribed by tho secretary of tho H^Bcasury. A receipt shall be given t>) ' mw' association by vmc treasurer or ] assistant treasurer of tho United fl^Rtcs, stating that such bond is hold N^Btrust for the association on whose ^^^Hnlf the transfer is made, and as S^^Opu'ity for tiie redemption and pay Jlit, of any circulating notes that ?|e boon or may be delivered to such 1 D affiliation. No assignment or transCna?f any such bom!" 7?v tho treasurer Wi be deemed valid unless counter?|'d by the comptroller of the Dwmcy. The provisions of sections r* 51G5, 51(50 and 5107 and $ jfis ,r)-^ 5234,inclusive, of the jtfised statutes respecting United Pjrtratos bonds deposited to secure eir9 dilating notes shall, except as herein modified, be applicable to all bonds H deposited under the terms of section 9 3 of this act. us See. 5. That the additional circu||j lating notes issued under this act l|| shall bo used, held, and treated in tho I same way as circulating notes of naH lioniil banking associations heretoM fore issued and secured by a dell ]>osit of I nited States bonds, and shall Who subject to all the provisions of 'Hi ^aw deling such notes except as H herein expressly modified: Provided, That the total amount of circulating ka notes outstanding of any national I| banking assosiation, including notes secured by United Slates bonds as li now provided by law, and notes scI cured otherwise than by doposit of H such bonds, shall not at any time cx1| coed tho amount of its unimpaired 9 capital and surplus: And provided I further, That there shall not bo out|] standing at any time circulating a notes issued under the provisions of I this act to an amount of more than S $500,000,000. 1' Sec. 0. That whenever and so long 4Vas any national banki.rg association (Alias outstanding any ot the additional ^circulating notes authorized to bo isjfcued by the provhons of this act ffljt shall keep on deposit in the traaIJjurv of the United States, in addition * fflo the redemption fund required by BHpetion 3 of the act of June 20th, wjp74, an additional sum equal to five r&m* centum of such additional circujration ai any time outstanding, such additional live per centum to be treat' IHf' anf^ in ;ill respects in ^Kc same manner as the original refpftmption fund provided for by said j predion 3 of the act of June 20th, S|MSce. 7. In order that the distribul|wn of notes to be issued under the * g>Br,visions of this act shall be made Kg equitable as practicable between n various sections of the country, secretary of I he. treasury r-.Tia!f rot approve applications from assoiigfafions in any State in excess of the E^fflount of which such State would fip^j entitled of the additional notes gfjHBL'oin authorized on tlie basis of tho l^ffoportion which I ho rmfmpairod ^Wpilal and surplus* of the national I, ,'' icf associa'' < in such State o the ' amount of unim-Mpi' surplus of tho nassociations of tlie Provrded. howovijj. ffi? ise the applicati<V.i. from ?gj ,lions in any Stale shall not be ggj |o I lie amount, which the asso stations of such State would bo on-1 itlod to undor this method of distribution. the seoretary of tho rreatji^y may, in his discretion, to meet an emergency, assign tho amount not thus applied for to any applying assoctation or associations in States in the same section of tho country. See. 8. That it shall bo tho duty >f the secretary of tho treasury to * am information with reference to the value and character of the securities authorized to be accepted unler the provisions of this act, and he ,a'l from time to time furnish information to national banking associations as to such securities as would >e acceptable under the provisions of tins act. Sec. 0. That section 5214 of the reused statutes, as amended, be furlniv amended to read as follows: ''Sec. ">214. National banking associations having on deposit bonds >t the United States, bearing interest it the rate of two per centum per jnnuin, including the bonds issued tor the construction of the Panama k.a"al, under t lie provisions'of secion 8 of 'An act to provide for tho oustruction of a canal connecting the ivaters of the Atlantic and Pacific jceans," approved June 28, 1902, to secure its circulating notes, shall pay ? t,1(! Ireasurer of (He United States, n the months of January and Julv, i tax of one-fourth of one per cen11,11 each half year upon the average unount of such of its notes in cfr-' illation as are based upon the <h<-j |?osit of such bonds; and such asso-1 nations having on deposit bonds of I I he I nited States bearing interest at ' it rate higher than two per centum j per annum shall pay a tax of one-half) !>f one per centum each half year up-j >n the average amount of such of its notes in circulation as are based up-j >n the deposit of such bonds. National hanking associations having circulating notes secured otherwise than bv bonds of the United Stales shall pay for the first month a tax at the rate dI live per centum per annum upon the average amount of such of their notes in circulation as are based upi>n the deposit of such securities, and afterwards an additional tax of one per centum per annum for each month until a tax of ten per centum per annum is reached, and thereafter such tax of ten per centum per annum, upon the average amount of such notes. I'jvery national banking association having outstanding circulating notes secured by a deposit, of other securities than United States bonds shall make monthly returns, under oath ot its president or cashier, to the treasurer of the United States, in such I firm as the treasurer may prescribe. of the average monthly amount of its notes so secured in circulation; and il shall be the duty of the comptroller of the currency to cause such reports of notes in circulation to be verified by examination of the banks' records. The taxes received on circulating notes secured otherwise than by bonds of the United States shall be paid into the division of redemplion of the treasury and credited and added to the reserve fund held for the redemption of United States and other notes." See. 10. That section 0 of the act approved July 12, 1882, as amended by the act approved March 4, 1007, he further amended to read as mollows: "Sec. 0. That any national banking association desiring to withdraw its circulating notes, secured by deposit ot United States bonds in the manner provided in section 4 of the act approved June 20, 1874, Is hereby authorized for that purpose to deposit lawful money with the treasurer of the United States and, with the consent of the comptroller of the currency and the approval of the secretary of the treasury, to withdraw a proportionate amount of bonds held as security for its circulating notes m (lie order of such deposits: Provided, That not more than $0,000,000 of lawful money shall be so deposited during any calendar month for this purpose. "Any national banking association desiring to withdraw any of its circulating notes, secured by the deposit of securities other than bonds of the United States, may make such withdrawal at any lime in like manner and effect by the vposif of lawful money or notional bank notes with the treasurer of the United States, and upon such deposit a proportionate share of the securities so deposited mav be withdrawn: Provided, That the deposits under this section to refire notes secured by I he deposit of securities other than bonds of the 1 nited Stales shall not be covered into the treasury, as required by seelion ti of an ad entitled 'An act directing the purchase of silver bullion and the issue of treasury notes I hereon, and for oilier purposes,' approved July I I, 1800,, but shall be retained in the treasury for the purpose of redeeming the notes of the bank making such deposit.' See. 11. lhat section 3172 of the re\ ised statutes be, an<l tho same is i hereby, amended to road as fol^ lows: , ''See. 5172. In order to furnish suitable notes for circulation, tho comptroller of tho currency slu'jl, under tho direction of tho secretary of Hie treasury, cause plates and dies to bo engraved, in the best manner to guard against, counterrbiting and fraudulent alterations, and shall havo printed ?therefrom, and numbered, i 'such quantity of circulating notes, in) blank, of the denominations of $5, $10, $20, $50, $100, $500, $1,000 and $10,000, as may be required io supply the associations entitled to receive tlie same. Such notes shall state upon their face that (hey are secured by I nited States bonds ov other securities, certified by rite written or engraved signatures of the treasurer and register and by the imprint of (lie seal of the treasury. They shall also express upon their face the ptomiso of (lie association receiving the same to pay on demand, attested by the signature o! the president or vicepresident and cashier. The comptroller oi tin; currency, acting under tho direction of the secretary of the trea- I sury, shall as soon as practicable cause to be prepared circulating notes in blank, registered and countersigned, as provided by I.tw, to an amount equal to It ft y per centum of the capital stock of each national banking association; such noles lo be deposited in the treasury or in the sublrea|snr.v of the I'nilcd Stales nearest I lie place oL business ot each association, and to be held lor such association, subject lo (lie order of tho comptroller of the cureney, for their delivery as provided by law: Provided, That the complroller of the currency mav issue national bank 11070s of the present form until plates can be prepared and circulating notes issued as above provided: Provided, however, That in no event shall bank notes of the present form be issued to any bank as additional circulation provided for by this act." Sec. 12. That circulating notes of national banking associations, when presented to the treasury for redemption, as provided in section of the act approved June 20, 1874, shall be redeemed in lawful money of the Vnited States. Sec. 1,]. lhat all acts and orders of j the comptroller of (he currency and the treasurer of the I'nilcd States authorized by this act shall have tho approval of the secretary of the treasury who shall have power, also, to make any such rules and regulations ami exercise such control over the organization and management of national currency associations as mav be necessary lo carry out the purposes of this act. Sec. 1-1. Thai the provisions of section J)101 ol the revised statutes, with reference to the reserves of national banking associations, shall not apply to deposits of public money bv the I nited Stales in designated depositaries. Sec. l.>. lhat all national banking associations designated as regular depositaries of public money shall pay upon all snee.ial and additional deposits marie by I he -rercfarv of the treasury in such depositaries, and all such associations designated as temporary depositaries of public, money shajll pay upon all sums of money deposited in such associations interest at such rate as the secretary of the treasury may prescribe, not less, however, than one per centum per annum upon the average monthly amount of such deposits: Provided, however, That nothing contained in this act shall bo construed to change or modify the obligation of any association or any of its officers for I he safe-keeping of public money: Provided further. That the rate of interest charged upon such deposits shall be equal and .. irfnym throughout I he United Stales. Sec. It). That a si,??i sufficient to carry out the purposes of the preceding sections of I hi* act, ts lierohv appropriated out of any money in ! I he treasury not otherwise appropriated. Sec. 17. Thai a commission is hereby created, to be called I he <l National Monetary Commission," lo be composed of nine members of the senate, to be appointed by the presiding officer I hereof, and nine members of I he house of represrnfalivos, lo be appointed by the speaker thereof; and any vacancy on the commission shall be filled in the same manner as the original appointmenf. I Sec. 18. That il shall be the duty of this commission to inquire into and report lo congress at the earliest date practicable, what changes are necessary or desirable in the monetary system of the I'nilcd States or in ! I he laws relating fo banking and curiiency, and for (his purpose tliov arc authorized lo sit dining flic session* or recess of congress, at such limes * ami places as they may deem desirable, to seud for persons and papers, to administer oaths, to summons and compel the attendance of witnesses, and to employ a disbursing officer and such secretaries, experts, stenographers, messengers, and other assistants as shall be necessary to carry out the purposes for which s?tixt commission was created. The commission shall have the power, through snbeommit- 1 tee or otherwise, to examine witnesses ' and to make such investigations and ( examinations, in this or other countries, of the subjects committed to , their charge as they shall deem necessary. Sec. 10. That a sum sutUcient to | carry out the purposes of sevtions 17 ! and 18 of this act, and to pay the ! necessary expenses of the commission and its members, is hereby appro- ' printed, out of any money in the , treasury not otherwise appropriated. Said appropriation shall be immediately available and shall be paid out on the "audit and order of the chairman or acting chairman of said coinmission, which audit and order shall ' he conclusive and landing upon all i departments as to the correctness of! the accounts of such commission. Sec. 120. That this act shall expire by limitation on the Lltli day of June, 1011. Approved, May .10, 1008. MRS GOULD EMBARRASSED ADA REHAN. An Anecdote of the Theatrical Days of the Society Leader. Mrs. George ,T. Go.ild is possessed of rarely strong will power. Once convinced that she is right, nothing short of a miracle can sway her. An incident which occurred w IPle | she was still Edith Kingdon and was playing with Ada Kehan, resit.<ed in permanently strained relations between the two women, says Dina llnneker in the New Idea Woman's Magazine for July. A special performance was given one afternoon at Daly's Theater, the receipts to be devoted to charity. Some friends interested in the affair sat in a stage box. Before them, in floral magnificence, were three huge bunches of deep red roses, intended for the principals in 1 he cast>?Mrs. Gilbert, Miss Kelu.n and Miss Kingdom Tn the early part of the act tho first, two ladies received their flowers, and as soon as Miss Kingdon appeared the remaining bunch of American Beauties was flung in her direction. She took no liotiee. simply going on with h? r fines. Miss Kehan in low tone surged her to pick them lip. to which Miss Kingdon replied in equally guarded manner, "They are for you." Finally. Miss Kehan. recognizing the discourtesy of allowing the gift to remain on tno I floor, took up the flowers and gracefully offered them to her srsver artiste. who, putting forth her hand in emphatic protest, again refused to receive them. Miss Kehan then flung them on a near-by divan. Tn justificntion of Miss Kingdon, it is only fair to say she was unaware that either Mrs. Gilbert or Miss Relian had received their roses, and refused an honor which she felt was not intended for her. The incident caused considerable friction in the company, each side having its partisans. Ada i Kehan never forgavo nor forgot. BARBECUE NOTICE. The undersigned will furnish a first class barbecue at. Mt. Bethel academy in No. 2 township, July 21, campaign day. S. J. Cromer. Plenty of Trouble is caused by stagnation of the liver and bowels. To get rid of it and J headache and biliousness and tin? poison that brings jaundice take Dr. Kiwr's New Life Bills the reliable purifiers that do the work without | grinding or griping. 25c. at W. E. j Belhani <Sr Son's drug store. STATE <>K SOITH CAROLINA, COt'XTY OK XKWBEKKY. Iiy Erank M. Sehiuupert, Esquire, i I'rohate Judge. WIIEKEAS, .). J. Hipp lintli made suit to me, to grant him letters of J administration of' the estate of and effects of M. 1 lip,-. THESE AKE TilEKEEOKE to cite i and admonish all and singular the kindred and creditors of the said M. j Q. Hipp, deceased, that they be and i appear before me, in the court of! probate, to be held at Newberry, S. ; ('., on Erida.v, 2<?tli day of June nex*. | after publication thereof, at II ^ o'clock iti I he forenoon, to show cause, if any they Tiave, why the! said administration should not be! granted. 01 VEX under my hand, this lltlij day of June Anno Domini, 1008. Frank M. Schnmpert, J. P. N. O. NATIONAL BANK OF 4-5' 0S a d m l^csa f~~ a> Ps) a> 'T i? ? 1 9 ? Wrmfcg s ? 1 Ir fJI 55 ^ ^ ?r n?--awW 3 5 s 1--JK1 * % > JSm < *1 fiafl ni J .5 L JB "AIN'T NO BSE, BILL, IT A repository in which yo posited, and maybe your val strong enough to resist th< Entrust them to us. They With an account opened w check, thereby insuring accu methods of keeping account convenience and safeguard f< DIRECT M. A. Carlisle. H. C. Mc J. A. Blackwelder. Robt. Nc B. C. Matthews. S. B, Aul We Lend TC Buy H We provide easy terms We enable borrowers I in Monthly Installments, allowed to meet obligatic It is cheaper than payir to save money to buy a Y Contract. If you want to save mo take a Security Contract Call on A. J. Gibson, A Treasurer, at office, corr streets, next door to Goy SECURITY LORN M H V F ree! With every thousanc bought of me at $8.0C give absolutely free one 42 Piece Dinner Set. D tunity. MAYES' BOI WANT To call your att< of Box Paper, Tabl Ledgers, Cash B tracts, Talcum Po *ter and Tooth Pi make the prices r see us before makir Broaddu i HERALD & NE\ NEWBERRY S.C'S BURGLAR PROOF." u have your money deuables stored, should be e attacks of the burglar, will be absolutely safe, ith us you can pay by racy and system in your :s. There is no greater >r handling money than CCOXJ'WT. ORS: >seley. T. B. Carlisle. >rris. Geo. Johnstone, il. Jos. H. Hunter. I Money > / omesl i of payment. :o accumulate a fund on which interest ifl >ns at maturity. lg rent. If you want tome take a Security ney for any purpose . It pays* sstant Secretary and ler Boyce and Adams 3eland Brothers. I INVESTMENT SO. ^7" .0.^.5 .o. x~a. aa. o. Free! i Comic Post Cards ) per thousand I will 1 beautiful Decorated on't miss this opporJK STORE. go sntion to our line ets, Note Books, ooks. Also Exwder, Toilet WaDwder. We will "ight. Come and lg your purchase. s & Ruff VS BUILDING.