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MINERAL LANDS, MINES, AND
MINING.

Act of Feb. 24, 1909, Ch. 180.

Mineral Land Surveys - Refund of Unused Deposit.

In Alaska, see ALASKA,

CROSS-REFERENCES.

Hydraulic Mining - California Debris Commission, see WATERS (INCLUDING IRRIGATION).

An Act For relief of applicants for mineral surveys.

[Act of Feb. 24, 1909, ch. 180, 35 Stat. L. 645.]

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[Mineral land surveys - refund of unused deposit.] That the Secretary of the Treasury be, and he is hereby, authorized and directed to pay, out of the moneys heretofore or hereafter covered into the Treasury from deposits made by individuals to cover cost of work performed and to be performed in the offices of the United States surveyors-general in connection with the survey of mineral lands, any excess in the amount deposited over and above the actual cost of the work performed, including all expenses incident thereto for which the deposits were severally made or the whole of any unused deposit; and such sums, as the several cases may be, shall be deemed to be annually and permanently appropriated for that purpose. Such repayments shall be made to the person or persons who made the several deposits, or to his or their legal representatives, after the completion or abandonment of the work for which the deposits were made, and upon an account certified by the surveyor-general of the district in which the mineral land surveyed, or sought to be surveyed is situated and approved by the Commissioner of the General Land Office. [35 Stat. L. 645.]

MINES.

See MINERAL LANDS, MINES, AND MINING.

MINTS.

See COINAGE, MINTS, AND ASSAY OFFICES.

MISBRANDING.

See FALSE STAMPING; FOOD AND DRUGS.

MISSISSIPPI RIVER.

See RIVERS, HARBORS, AND CANALS.

MONEY.

See COINAGE, MINTS, AND ASSAY OFFICES; NATIONAL BANKS: PUBLIC MONEYS.

MONUMENTS.

See ANTIQUITIES.

MOTOR BOATS.

See STEAM VESSELS.

MURDER.

See PENAL LAWS,

NATIONAL BANKS.

Act of June 22, 1906, Ch. 3516, 353.

National Banks -Limit to Liabilities Persons May Incur, Increased, 353.

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Act of March 4, 1907, Ch. 2913, 354.
Sec. 1. Currency Act - Gold Certificates Issued for Deposits of Gold Coin
Denomination Reduced- Suspension of Issue On Reduction of
Reserve Fund-On Increase of Silver Certificates, etc., in Treasury
Denominations of Outstanding Certificates Large Notes, 354.

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2. Treasury Notes Issue when Deficiency Exists in Small Silver Certifi cates Higher Denominations to Be Retired Aggregate Amount National Bank Issue Not Affected, 354

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3. R. S. Sec. 5153 Amended-National Banks - May Be Depositaries of All Public Moneys Statement of Securities Required - To Receive at Par All National Currency, Bills, etc.- Distribution of Deposits, 355

4. Withdrawal of Circulating Notes, 355.

Act of May 30, 1908, Ch. 229, 355.

Sec. 1. National Currency Associations, 355.

2. Action if Members Fail to Maintain Redemption Fund, 357

3. Additional Circulation by Banks, on Other than United States Bonds, 358.

4. Transfer of Title to Bonds Deposited to Secure Circulation, 358.

5. Status of Additional Circulating Notes, 359.

6. Redemption Fund, 359.

7. Proportional Assignment of Additional Circulation to States, 359.

8. Information, etc., as to Acceptable Securities, 359.

9. Tax on Circulation, 360.

10. Retiring Circulation, 360.

11. Issue of Notes, 361.

12. Redemption in Lawful Money, 361.

13. Authority of Secretary of the Treasury, 361.

14. Designated Depositaries Reserve Not to Include Public Deposits, 362.
15. Interest Payable on Special Deposits of Public Moneys, 362.

16. Appropriation, 362.

17. National Monetary Commission Created, 362.

18. Commission to Inquire as to Changes in Monetary System, etc. - Officials

-Powers, 362.

19. Appropriation, 362.

20. Termination of Act, 363.

An Act To amend section fifty-two hundred, Revised Statutes of the United States, relating

to national banks.

[Act of June 22, 1906, ch. 3516, 34 Stat. L. 451.]

[National banks- limit to liabilities persons may incur, increased.] That section fifty-two hundred of the Revised Statutes of the United States be, and the same is hereby, amended to read as follows:

"Sec. 5200. The total liabilities to any association, of any person, or of any company, corporation, or firm for money borrowed, including in the liabilities of a company or firm the liabilities of the several members thereof, shall at no time exceed one-tenth part of the amount of the capital stock of such F. S. A,Supp, - 23

858

associations, actually paid in and unimpaired and one-tenth part of its unimpaired surplus fund: Provided, however, That the total of such liabilities shall in no event exceed thirty per centum of the capital stock of the association. But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same shall not be considered as money borrowed." [34 Stat. L. 451.]

R. S. sec. 5200 is given in 5 Fed. Stat. Annot. 139.

An Act To amend the national banking Act, and for other purposes.

[Act of March 4, 1907, ch. 2913, 34 Stat. L. 1289.]

[SEC. 1.] [Currency act — gold certificates issued for deposits of gold coin -denomination reduced - suspension of issue - on reduction of reserve fund on increase of silver certificates, etc., in the Treasury-denominations of outstanding certificates - large notes.] That section six of an Act to define and fix the standard of value, to maintain the parity of all forms of money issued or coined by the United States, to refund the public debt, and for other purposes, approved March fourteenth, nineteen hundred, be, and the same is Lereby, amended to read as follows:

"SEC. 6. That the Secretary of the Treasury is hereby authorized and directed to receive deposits of gold coin with the Treasurer, or any assistant treasurer of the United States in sums of not less than twenty dollars, and to issue gold certificates therefor in denominations 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 banking association may be counted as a part of its lawful reserve: Provided, That whenever and so long as the gold coin and bullion held in the reserve fund in the Treasury for the redemption of United States notes and Treasury notes shall fall and remain below one hundred million dollars the authority to issue certificates as herein provided shall be suspended: And provided further, That whenever and so long as the aggregate amount of United States notes and silver certificates in the general fund of the Treasury shall exceed sixty million dollars the Secretary of the Treasury may, in his discretion, suspend the issue of the certificates herein provided for: And provided further, That of the amount of such outstanding certificates one-fourth at least shall be in denominations of fifty dollars or less: And provided further, That the Secretary of the Treasury may, in his discretion, issue such certificates in denominations of ten thousand dollars, payable to order. And section fifty-one hundred and ninety-three of the Revised Statutes of the United States is hereby repealed." [34 Stat. L. 1289.]

Section 6 of the Act of March 14, 1900, above amended, is given in 2 Fed. Stat. Annot. 132. R. S. sec. 5193, above repealed, is given in 5 Fed. Stat. Annot. 125.

SEC. 2. [Treasury notes-issue when deficiency exists in small silver certificates higher denominations to be retired aggregate amount national bank issue not affected.] That whenever and so long as the outstanding silver certificates of the denominations of one dollar, two dollars, and five dollars, issued under the provisions of section seven of an Act entitled "An Act to define and fix the standard of value, to maintain the parity of all forms of money issued or coined by the United States, to refund the public debt, and

for other purposes," approved March fourteenth, nineteen hundred, shall be, in the opinion of the Secretary of the Treasury, insufficient to meet the public demand therefor, he is hereby authorized to issue United States notes of the denominations of one 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 higher denominations shall be retired and canceled: Provided, however, That the aggregate amount of United States notes at any time outstanding shall remain as at present fixed by law: And provided further, That nothing in this Act shall be construed as affecting the right 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. [34 Stat. L. 1289.]

Section 7 of the Act of March 14, 1900, is given in 2 Fed. Stat. Annot. 133.

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SEC. 3. [R. S. sec. 5153 amended 5158 amended-national banks may be depositaries of all public moneys-statement of securities required ceive at par all national currency, bills, etc. — distribution of deposits.] That section fifty-one hundred and fifty-three of the Revised Statutes be amended to read as follows:

"Sec. 5153. All national banking associations, designated for that purpose by the Secretary of the Treasury, shall be depositaries of public 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 reasonable 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 safe-keeping and prompt payment of the public money deposited with them, and for the faithful performance of their duties as financial agents of the Government: Provided, That the Secretary shall, on or before the first of January of each year, make a public statement of the securities required during that year for such deposits. And every association 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 for internal revenue, or for loans or stocks: Provided, That the Secretary of the Treasury shall distribute the deposits herein provided for, as far as practicable, equitably betwen the different States and sections." [34 Stat. L. 1290.]

R. S. sec. 5153, as it read prior to this amendment, is given in 5 Fed. Stat. Annot. 109.

SEC. 4. [Withdrawal of circulating notes.]

This section amended sec. 9 of the Act of July 12, 1882. By sec. 10 of the Act of May 30, 1908, ch. 229, given infra, p. 360, sec. 9 is further amended.

An Act To amend the national banking laws.

[Act of May 30, 1908, ch. 229, 35 Stat. L. 546.]

[SEC. 1.] [National currency associations.] That national banking associations, each having an unimpaired capital and a surplus of not less than twenty per centum, not less than ten in number, having an aggregate capital and surplus of at least five millions of dollars, may form voluntary associations to be designated as national currency associations. The banks uniting to form such association shall, by their presidents or vice-presidents, acting under authority from the board of directors, make and file with the Secretary of the Treas

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