Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-11-14
S1.4IS SO

The amount at Nashville is the whole amount received
by that branch, the greater part OF which presumed
has been used
IL ought be generally known, thata the drafts of the
denomination OF ave dollars payable in specie at What
branch presented, without regard the issuing
them. Mr. Bddle, in his letter Mr. Rush when Sc
creary Of the Treasury, said, 'hey placed the
footing oil negotiabilty the notes signed by
President aud Cashier OF the Bank all the OF i've
dollars their face yabe at The Bank either OIL
as oicSS. Tho drafts OF the denomination of ten and
twenty dollars canpol received in payment of dues 10
the Government alter the s;rst January next aI will
consequently, according TO their terror after ha period
have be TO the Bank at PhiIsdelh ors ray
Whstever losses the community snner land swe fear
they will be gresO by counterfeit drafts which have en-
put in circulation, and will be found, when the rec
onng day has come, passing among those who unssi
ed IN detecting them, the Bank accountable at iser. ia
branch drafts for The currency authorized by nee;ae,
under the signature OF the President aud Cosher of the
principal Bank aud Congress repeatedly denied hem per-
mission 10 issue notes signed by the Officers ofe Branch
The issue Of drafts adopted 10 evade the charter
and the will Of Congress
CIRCULAR
To The Collectors Of the Customs and oil Receivers Of
Public Money.
Whereas, by the acto Congress passedil Juy 1889
il is provided 'ta the duties aniees 10 be collected by
virtue Of this act shall be received in gold and silver coin
only and, by usage under that act and similar one,
10 the payment for public lands il customary 10 re-
ceive only specie and the notes lis OF Banks
able in specie, untlSl4: and after different practice,
adopted in 1874, Congress. the 3O,h April 1876 re-
solved "1hd from aDd after the 20h day of February
next such duties taxes debts or gums Of money ac-
'cruBg becoming payable 10 the United Ssles Gu ght
10 be collected received otherwise than in tie lee al
currency OF the United States Tfeasury notes notes
'o the Bank oil the United States, NOTES OF Banks
(which payable and paid demand, in the said
currency of the United States" And whereas The prac-
tice under that resolution, oononed provisions till
January 2lsi, 1928, when permission by this department
under certain assurances from the Bank Of the United
States, given that drafts checks c that Bank and
its branches, shoud be- ed for the public dues
though said drafts checks notes OF the Bank
being like notes, signed by the President and Cash
Ter thereof originally made payable beareI; nor
according TO the subsequent decisiop of the Supte
Court, coming within the description note or bIH
And where's Congress have never authorized the issu.
ing fs"ch drSs os the purpose OF circulation curen
ry, sispe refused, though urgently and repeatedly
requested, 10 permit the issuing of notes of the
Bank Of the smaller. Denominations. sgocd and the
great extent which the said drafts of small demo
limitations have been put ia circua ion. currency
seeming 10 be directly Tepvgnsni to the spirit OF the ACT
Incorporating the Bahk aud Of the subsequent proceed
ngs OF Congress- and doubts having arisen az to the &C.
gal liability Of the Bank, redeem the drafts in
specie, under the penalty provided ia the charter
for the payment Of " its bills, notes or obliga-
tons: and the cOunieTleifs II ne said drafts having
become very numerous, and difficult OF detection and
those who sell or MFR them being likely escape pun.
shmen in consequence Of questions which arise in pro-
scouting them under HE said charter; il is therefore
deemed proper, in order that The clearly vie
OF Congress should be enforced aud the agents OF the
Department protected from risks aud Losses hy sid drafts
to revoke the permission granted Ia 1925 but with
view TO give due notice 10 tie community snd Bank Of
fhe contemplated change, mol TO allow the revocation 10
take effect ill the period hereafter meniOaed.
Hence, in conformity 10 Tie recurrence Of The sore
ssid acts and joint resolution Of Congress all Collectors Of
the Customs, and oil Receivers Of Public Money are
hereby enioned, hat sHar the Let day Of January ex
they shall not receive 10 payment Of duties or of public
ands any coin or paper except such described IN sid
resolution, viz "the legal currency Of he Ued STATES
Treasury notes. notes Of The Bank OF the United
States. or notes Banls which are payable snd piJ ON
demand 10 the said legal ency Of tLe'Uned states
LEVI WOODBURY.
TEEAsuRY DrpARrMrNr.(