Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1837-09-26
REPORT OF THE POSTMASTER
GENERAL
rosl orrIcf D,rArrsrsr,

AsJtelabsr Ie31 ,
Si7 Immediately amer tho snspcns,onofsp specie pay
lar was sent cut deelK ali po.,n5.,rr. who h,a
been instructed to drpose The proceeds Of their Offices
~ hanks 10 retain th'n's specie TO meet the drafts OF
the department.
To those who bad secn instructed to paw directly Co
coniociors, another circular sent remind In licm
oi hrt duties and liabilities lu reference 10 ihe mon
lave.
INSTITUTIONS have recently been prepared. directing
ue manner D" which returns ui cash on hand here
alter 10 be made 10 the tpaftncnt and faddng the
inanng or USE OF thr moneys belonging the public
Tor any P1rPose whatsoever Copies OF these papers
are annexed marked, A and &
IN relation 10 upwards Of ten thousand OF the post
"hccT, these regulations make change The only
cahge chcoied by them IL, that about eleven hundred
posmnslets who iornrly deposited their income in
banks. weekly. monthly quarterly according io ITS
amount now retain the money IA thor hands al
ntHWh Tor 10y The department. 10 about nr.tsnths
81 lhrs"- the new tJsom ~ more convenient than the
cd os It saves them the toubi pnng or sending 10
The hanks and procuring certIGtui,s of depoTite II Is
equally safe, as their entire balances will be drawn of
aS oiien as they az" deposited AMI It is efficient
because some pCsiaticIs no inp - ulcot to demos
ile VIII not venture 10 dinhonor draft.
The posiniasiets who al MT CLOSE their accounts
quarterly WI not probably, exceed one hundred add
thc balances IL their hands. from quarter, 10 quarter
are mol hrly under proper aGmnistration Of the de.
pirim'nt, 10 exceed ordinary tiaiCs, one OF two
hundred thousand dollars Az tHcy are Icquued to
nave lrtr balances hWa ready in pd aud silver the
department will always tie means Of meeting It's
engagements, nnd ia default IN IN individual ca.e
should occasionally hnppen, nothing like general 70.
Iusl' 70 pay Ms "a iAe c-te Of r lae dcPose banks,
ever 10 be uIp.che Ldcd
1t "''icv'r be The ituc policy &C The department not
70 have iafc surplus, and, consequently, there vail
be mule 10 cnrust to the curOdy Of ppsinnsietr or 9th
ers Moreover, thr number of post offices nov nstur-
ted to retain their funds will be largely reduced upon
an adjustment oi the collection system 10 the mail
NieeaS arranged witi,in the last twelve months.
'hough ~ romr places convenient banks not
nect'sAty To the collection and disbursement Of tho
funds Of ths department. IN reference 10 more than
th thnn7hhd pot Offices, The collections ord d.but.s-
Hiens are affected rxped ipusly md more eonyc
h"ny without ihr iutefpositian of banks tbnn tbsy
cpull be Wih IT. fAr contractors who are creditor. Of
me department Hlc 81. c1lrctus from pasimasters and
e collection and disbursement nre bu, one operation
II g'heiay .,irctea IN 6Ny DAYS st-r the clos. Of
e''n Put"i ih' op"Talion ~ the same where the
P''maSers pay 10 contractors upon the drafts of tho
department Waugh Il j. mote tafds. The few oiies.
"a teirrcno" t. which banks are a convenience mr..
those who's" receipts large, AMI not likely 10 bo
absorbed from quarter to quarter by the drafts of the
ugpa'te"'' Ihry have genga''i iron chests sai,.
Nh'r lh' fpH,ir Is s'p' aud, with tfict sUpetys.
Jon and re ul attention o. heir b.nts they win sci.
dom, If ever be found IN doGult
The necessary ransrrs u funds are feefrd Ly Ia.
department without Inconvenience ~ Io.s On Tie in.
terror NAL route 'he expenditure generally gfroi.r
'Ian the income ~ tat, after tie contractors have
received ihc cnlfc i'yenpo Of ihr olicos fuppcd By
them, balance. are tuli due These ualinccs are a.
readily pfd OF By dtnt. on The p1,tnasafs Ia tLs cit
"s Nh"f" the surplus arises they rould be- by checks
on banks M the placer The pr1ccsa il rendered
Me more easy ir9u he feet that tie hravies surpius
accrnes at thos~ points where funds the rau
able, particularly OF Nca York that drsns oflhe de.
paf'ment 70 paY balances the most distant parts Of
the mon are generally better isn cash bong avs.la
Die i2t mefcautie remittance Thus, the Necessary
Transfers % ih" drpIriWent afe readily effected aud
aE iiis STATE ai flues not t ~ 10 change II would
seldom, lrrrr tc0le necessary fl the Department. 10
transport specie 'oli QUO poiot - another II uoie sss
uel bank 90 .k.s's4rc.
Upou tu~ speasIan ,fuIe isol.. Efforts were mad.
H t''r G1tii - o. compel the department to receive