Democratic Sentinel, Volume 9, Number 24, Rensselaer, Jasper County, 10 July 1885 — TREASURY CIRCULAR. [ARTICLE]

TREASURY CIRCULAR.

Relations Which Will Hereafter Govern the Issue and Redemption of Currency and Coin. [Washington telegram.] The United States Treasurer has issued a circular proinu'gating the relations whi' h will hereafter govern the issue and redemption of the currency and coins of the United States and the redemption of national bank notes. The principal changes made in existing regulations are in regard to shipments of silver and to the redemption of mutilated United States notes. The new regulations in reference to the issue of standard silver dollars is as follows: Upon receint of currency or gold coin, the Treasurer, or Assistant Treasurer, will cause to We paid to applicants in cities where their respective offices may be situated standard silver dollars in any desir d amount. S andard silver dollars are forwarded to applicants outside of cities in which the Treasurer, or an Assistant Treasurer, may be situated, at the expense of the government in sums or multiples of $500: 1. Upon the receipt by the Treasurer of an original certificate issued by any Assistant Treasurer of national bank depository that a deposit of currency or gold coin has been made to the order of the Treasurer in general account, deposits with the Assistant Treasurer In New York may be made by drafts payable to his order and collectable through the Clearing House, forwarded directly to him with instructions to deposit the amounts on account of standard silver dollars, and to forward the certificates therefor to the Treasur *r upon the receipt by the Treasurer ot gold coins. United States notes, silver certifi'-ates, or national bank notes. 2. By the Treasurer or any. Assistant Treasurer. by registered mail, free of charge In sums or multiples of $65, at the risk of the party to whom sent, upon receipt of gold coin. United States notes, silver certificates, or national bank notes. The regulation respecting the issue of fractional silver is as follows: The Treasurerand Assistant Treasurers of the United States will pay out fractional silver coin in any sum desired lor lawful money of the United S ates. Fractional silver coin will be forwarded from the office nearest the place of its destination by express at the expense of the Government In sums or multiples of $500: 1. Upon receint of an original certificate issued by the Treasurer, an Assistant Treasurer, or a national bank depository, that a deposit of currency or gold coin has been made to the credit of the Treasurer in general account, deposits with the Assistant Treasurer in New York may be made by drafts payable to his order, and collectable through the clearinghouse, forwarded directly to him, with instructions to deposit the amounts on account of iractional silver coin, and to forward the certificates to the office nearest the destination of the coin. 2. By the Treasurer or any Assistant Treasurer, by registered mail, free of charge, in sums or multiples of seventy dollars, at the risk of the party to whom sent, upon the receipt of currency or gold coin. The following is the regulation in regard to the redemption of United States notes: United States notes, each exceeding ninetenths of its original proportions in one piece, are redeemable at their full face value in other United States notes by the Treasurer and the several Assistant Treasurers of the United States, and are redeemable in coin, in sums not less than fifty dollars, by the Assistant Treasurer in New York.