Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1834-12-08
Il NEWS.
FROM The NatIonak ~Lieitgcnotr. Nop. 30.
THE TREASURY CIRCULAR.

Well, w have ierreled ont a Circular, first in
troduccd TO The public attention by u correspond.
cnt Of the BnlHmore Patriot. Here it Is, taken
from the Official popcr of yesterday
TREAsuHy D~EpAnrMtNr, Aug. 9Th, 1884.
Sir For the mulunl accommodation Of the pub.
lie officers and creditors IN your neighborbood, and
Of yourself and the Treasury Department, | pro
pose, hereafter, to direct warrants, in their favor,
10 yourself, for payment, when desired by them.
1t will be in your power, also. before Il warrant
is ob nlncd by them, and whenever you hive conf.
denco in the honestly and solyoney, to take an
assignment, or duff, by them, in your favor, Of lhcir
supposed claim on he Trensury-to pay It's amount,
and on its being forwarded here, 10 receive IA wnr-
rant, n your own behalf, for tho sum due. All
tho warrants paid N the manner first stated, ar re.
ceivod IN your own name, will be ample souch-
crs, in your behalf, on a settlement Of your ac.
connfs-and, in this way, The officers and creditors
If the Government, viii often be saved travel and
cxpopsc; you will have 10 make loss frequent de.
posites, and alloss HOARD, ~ he balancc on Aend
to be Deposited, u, The end Of each IN nth, will,
probably, ~ THIS way, become considerably re.
dnced and the Department will have Inc satisfac-
lion Of bllging others, through lis own officers,
without increasing, sensIbly, The risk or labors Of
any.
You will please to notify such public officers and
creditors as live near you, Of he existence Of this
arrangement, IN order that hey may, If convenieEt
and agreeable, take advantage Of It's benefits.
Iem, very respectfully, your obedten, servnu',
LEVI WOODBURY.,
Secretary Of the Treasury.
Receipcr eftte pubiic Moneys Ut
This, he renIer VIII perceive, exactly and idon.
ricnlly confirms all thu, part Of the representation
Of The correspondent of tic Patriot which relates To
the payment OF warrdnts, and the cashiug of drafts
on the Government at the Land Oniccs, thus max
ing each Land Office, qnoaG Aoc, u Back So
he Government not only puts dow one Bank
by IT'S VEro, bur establishes a batch Of them al
o,re by rs SIC jnbeJ. The Circular, ms far as 1t
eoes, is n clear confession Of the utter failure OF
g the Experiment as a measure Of finance. Ii is
an opea confession that the State Banks are not
competent to perform he duties tor the Government
which havc been so adyantageousiy discharged by
the Bank Of the United States.
TINS Circular, as published, (therc may be ano.
iher) does not make the checks OF disbursing offices
receivable at the Land Offices. There is no
doubt, however, Of their being so receivable by
wbut authority we shall know soon after Congress
meets. The fact that they 10 circulate, because
placed on that footing (of being Land Office mo
ney) is certain. There are such checks issued by
agents on the Cumberland Road for amounts Tess
than a dOHar and one Of those very checks, as a
curiosity, Is in possession Of a gentleman now in
Ibis city.
Such nc The consequences Of tampering with the
best currency (for such we had) that my nation in
the world (of any considerable extent or popula-
tom ever possessed.