Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1836-02-27
OFFICIAL.

Circular TO receicers of Public Jfoueus (oU.., M:
0rs"g 0Deers' a"dM DepoSte Banks Of tie IT, States
The established policy OF the Treasury Detachment o.
lar as may be practicable, under its present
he collection, Keeping, and disbursement of the Pnblc
money, Is 70 diminish the circulation of small Bank
ana 10 substitute specie, and especially cold for
such notes, with the view of rendering the cuf1encv Of
tue country, through which its fiscal operations are nor
Sfeo, more SAFE, sound, and uniform. In pursuance
VI lal Pocy, circular issued last Drill which nro
hibed after the Both September 1895 the recent ON
COUNT OF Inc government of any Bank notes ola less de-
,I, 'on 'nah hVe dollars and which intimated that
other steps to promote the desirable objects before named
would, In due tiIne be taken -
Consequently in further pursuance of the same noI;
cy you are hereby required after the LIST of Nav neYt
not TO pay the demands of any pnbic office ~ ;,
~ any bank notes of less denomination than Eve ~
afs anu except when il may be otherwise prescribed
Dy iaw alter the 4t of July next not to receive or
on account of the Government anv bank notes Of ~
denomination than dollars
All 'ne depose banks are requested TO supply them.
serves win such quantity of American gold coin a In
be able to pay and when public officer or cred;,or ~
ers ~ and his demand does not exceed FIVE hundred I
iars 10 pay at least onet of demand in that coin
aso requested that the deposite banks will not after
the 4h OF July next, any notes of less denon;
nation than hive dollars and that after the Sd of March
1901 they VIII not unless the subject be otherwise reou-
Iu'eu ny congress- issue any notes Of less denomi-
nation than ten dollars IL is believed that the a,nonnt
Of gold which by that time shall be coined AZ tIe
l',.; wiz DC suihcent TO admit Of the convenient
substitution of it for small notes in a much grsa,er
extent than at present; and il is deemed reaaona
ole, That while the deposiie banks have the use
''"' i"ieiestj ol unusually large of the public
money they should make some further sacr;
noes TO Obtain and circulate gold and in other respects
10 ep'afge the specie basis OF our circulating medium
rom these considerations, and from the liberal snrit
evnced by most OF the public repositories in late cor
IesPondeDce with them on this subject is confidently
expected mat IN this state OF things they will cheeruy
comply with the above requests, and with all Others
"hich nave been made by the Department with view
OF improving the currency; will it, trust be con-
suefeo unjust or impotc, while the depose banks shall
continue to ENJOY great privileges from the Treasury TO
n hV of TO-
WIN ose requests as sufficient for disseminating
'he employment OF such banks as a fiscal agent
nj proper time It will be decided, under what cir
cumsances, and at what periods, these restrictions on
the agents and officers Of he Treasury shall be extended
70 notes OF any denomination under twenty dollars
ms communication is made with the sanction of the
PRESIDENT OF The United States aud il hoped that nm
otherwise prescribed by Congress by this Department
inese requirements and requests will be faithfully com
Piled with by all the fiscal agents of this Deuarmen
anu ai the collecting and disbursi0g officers Of the Co
VeTnnenl. LEVI WOODBURY.
TREASURY DEPARTMENT.
22d FebTUary 1896