The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-06-05

UNIFORM CURRENCY--DOMEsTiC En-
CHANGEs--siR. RIyEs' BILL.
In September, 1885, there appeared ~ me
Globe, an article headed " IMPORTANT BANK
ARRANoEMENr--TH BETTER CURRENCY.
The article commenced with quotation
from Mr.. Taney's report of December, 1889
as follows
The SLATE banks can, \ hare no don6t, furnish a
GENERAL WAITING medium quite uniform in tatre
as hat whieA has been Afforded oy ne Bank 81 me
United States probably more So For aus ieeh Rh9rn,
that some Of ts cities ne ofaheAeSof he oah6 aape
been IN the habit irheaerer they h0HgM proper, 81 re-
6siHg 10 hoapr s notes Of their orn bank payable at
other branches FAeH they mere mol tn discharge Of
debt due 10 tie Uaiied States"
II then quoted from the report Of Mr.. Wood
bury, of December, 1884, as follows: Said
he,
The operations of The Treasury, through The ogen-
cy Of these (S.ae) Banks hare proceeded, generally,
ruth care, proatptitude, and fidelity eceR in the
aoest sections of the Uon and the general currency
Of The country has IN The mean time, greatly impTored,
instead Of deterioratel.."
The Globe then announced that the period
which furnished that better currency had
arrived and that it was to be found in the
following arrangements, voluntarily entered
into by the deposite banks
BANK OF BURLINGTON, Burlington, Vsrmont This
bankr edeems its notes of all denominations of
fifty dollars and upwards, uniimitediy, at the Mer-
chants Bank In the City Of New York. II also re-
ceives deposite the notes OF such banks as are at
par, either in New York, Philadelphia or Boston.
MECHANICS AND FARMERS BANK, Albany This
Bank redeems all its notes of the denomination of
fifty dollars and upwards, uniimitediy, at the Mer-
chants Bank in the City of New York II also ie-
ceives the notes OF all banks which are at par in New
York or Philadelphia.
BANK or AMERICA, Neic York This bank will re-
ceive the notes Of all the Deposite Banks situated
north and east OF that city, OF the denomination of
fifty dollars and upwards on deposite, from Depose
Banks, which they may have received from the
Receivers of sales Of Public Lands.
MECHANICS BANK, Neio York This bank will re-
ceive the notes OF the two Depose Banks in Boston,
(the Commonwealth and Merchants, } they having
arranged with this bank to redeem the same OF all
denominations Of five dollars and upwards.
CiraARn BANK, PHILADELPHIA. This bank viii re-
ceiye from all the Deposite Banks, the notes of any
and all the DepoSite Banks north and east of Phila
delphia, which they may receive from the Public
Land Receivers of the denomination Of fifty dollars
and upwards
UNION BANK OF MARYLAND, Baltimore This
bank redeemS its notes aRiimitcdiy, in New York,
at the Merchants Bank; and in Philadelphia, at the
-
in payment of all dues, the notes Of all good banks
which are redeemed in those cities.
BANK or THE METROPOLIS, Washington. This
bunk redeems its notes, ualimiedly, in Philadelphia,
al the Girard Bank; and in New York, at the Bank
Of America Mechanics Bank, and the Manhattan
Company. II receives on deposite the notes of all
such banks as are al par in either of those cities
BANK OF VIRGINIA. Richmond This bank redeems
its notes, anlmitedty, in Philadelphia, al the Grard
Bank, and the Farmers & Mechanics Bank; and
in New York. at the Mechanics Bank and Manhat-
tan Company. II receives the notes of all banks,
above the denomination of ten dollars, which redeem
their notes in either of the above cities.
BANK OF AUGUSTA, augusta. This hank redeemS
al the Bank Of America, in New York such Of its
notes as may be received by the Receivers of pro-
ceedS of sales of Public Lands.
UNION BANK OF LOUISIANA, Nep Orleans. This
bank will redeem, at the Bank Of America, in New
York, all its notes which may be received by De-
poSie Banks for all payments made on account of
the Government. II will receive on depose from
the Receives of Public Lands, the notes OF all such
Deposite Banks as redeem the same in New York or
Philadelphia.
PLANTERS BANK, Natche=. This bank has in no
instance since ii became selected bank, refused to
receive from Public Receiver a note of any one
OF the Opposite Banks. II will continue TO receive
on depoSite, from the Public Receivers the notes of
each and all the Deposite Banks, without regard to
their location. ",.-..s
UNION BANK, Nashville. This bank issues but
few notes which not made payable upon their
face either at Philadelphia or New Orleans 1t
will receive in payment of all dues to the Govern
ment the notes Of all Opposite and other banks which
redeem the same either in New York or Phiadel-
pha.
COMMERCIAL BANK Cincinnati. This bank will
redeem at the Grard Bank, in Philadelphia, all its
notes Of the denominations of fifty dollars and up
wards which may be received by any Deposite Bank,
to be placed to the credit of the United States. II
will receive on depose, from Public Receivers, the
notes of all such deposite and other good banks, at
Cincinnati and its agency, at St. Louis as redeem
the same in New York of Philadelphia
CLINTON BANK, Columbus. This bank will redeem
al the Phoenix Bank, in New York, all its notes of
the denominations of fifty dollars and upwards, as
Public Receivers. 1t will receive on deposite from
the Public Receivers the notes of all such deposile
and other good banks as redeem the same either in
New York or Philadelphia.
STATE BANK OF INDIANA, Indianapolis This bank
will redeem, at the City Bank in New York any of
its notes of The denomination of fifty dollars and up
wards, which may be received by any Deposite
Bank, from the Public Receivers. 1t will receive
on deposite, from the Public Receivers, the notes
OF all such deposite and other good banks which
redeem the same either in New York or Phiade-
phia.
STATE BANK OF INDIANA, Richmond Branch. This
bank will redeem, at the Bank of North America,
in Philadelphia, and the Merchants Bank, in New
York, all such notes of the denominations of fifty
dollars and upwards, as may be received by any De-
poSitc Bank from the Public Receivers. 1t will re-
ceve from the Public Receivers the notes of all such
Opposite Banks as redeem the same either in New
York or Philadelphia
BANK OF MICHIGAN Detroit. This bank will re-
deem in the City of New York, through their agents.
MeSSrS. John Ward a. Co., all such OF its notes Of
the denominations of fifty dollars and upwards, as
may be received by any Opposite Bank from the
Public Receivers. 1t will receive from the Public
Receivers the notes Of all such of the depoSite and
other good banks as redeem the same either in New
York Or Philadelphia