The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-09-05
TREASURY DEPARTMENT,
September |, 1888.

Notice is hereby given, that The outstanding Trea-
sury notes issued in pur>uf nee of the acts of Con
gress ofthe 18th OCTOBER 1897 and the ACT additional
thereto, will be paid agreeably TO their tenor upon
presenment at the Treasury Of the United States
whenever they shall fall due
Each parcel of notes offered for payment should
be accompanied by schedule, showing the dates
and sums of the several notes. with the rate of ne-
rest thereon
Holders of Treasury notes TO whom i, NAV be
more convenient to have the amount due upon the
same made available at either Of the Ports OF Entry
Lana oe STATS are Informed ihat Az Collectors and
them and allow the principal and interest due there
on, in payments for lands and customs.
Those who may not wish to use the notes in pay
ments to the United States nor find it convenient Ia
take the amount due on them at the Treasury, will
be accommodated with drafts therefor PAYABLE al
their places Of residence, whenever il is found TO be
practicable
LEVI WOODBURY.,
Secretary of the Treasury
What in the name of common sense called
for the issuing of this notice of four para
graphs Let us analyze them.
FIRST paragraph. Is it but justnow ascertained
that the Treasury notes that have been issued
would be paid agreeaby to their tenor ~
If so, then the Government has been i'm
posing ON the peope-been guilty Of an act
totally unjustiiable. There is not bank in
the country that did not believe, when they
issued their notes, prior to the suspension last
year, that they could and would pay them
"agreeably to their TENOR" in specie, if called
for. But there was not a treasury note issued
until about the middle of October, and none
bearing six per cent. interest until May last,
about four months ago, and as the whole were
made irredeemable for twelve months, "asree-
ably to their tenor" none of them can be due
for eight months yet to come. All those issued
that bore nominal interest, two per cent. and
five per cent interest, having been constantly at
may be presumed that nearly all those have
been returned to the Treasury in payment of
public. dues. The amount Of the old ennis
sion that is now out, as nearly as we can re-
collect, is just about that of the notes that
were issued, bearing six per cent. interest.
Second paragraph. This is large business
indeed for the head Of the Treasury Depart
ment. Who ever heard of the like before
We would suggest that the Secretary add that
the parcel" be superscribed " cith care
This side up"
Paragraph Third. Amazing condescenson!
Wonderfully accommodating! "The Collectors
and Receirers ,riH continue 10 receire them and
oHo'c principal and interest Mereon.' The
law authorizing their issue makes it impera-
tive TO receive them in payment Of oH public
dues. They are made so receivable " agree
ably TO their tenor on their very face.
Paragraph Jomth. When the period ar
rvcs tor the payment Of those Totes, the
Treasury Department will be "accommo-
dated" by the holders receiving their nav at
any other place than at the Treasury. Every
body knows that the Department is obliged to
bring money from other places to meet the or
binary disbursements made at the Treasury
The object Of the Circular is in part an
LLhorioNEERING TRIoK-in part to throw
shade over the fact, that it is the Government
no" almost alone that is issuing lRrrpEEM-
ABLE SHIN. rLAsTETs, besmeared with red
PaInt-and in part to obtain currency for
them and to bring them into favor with tho
public; that being an important par, Of the pro-