Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1846-09-10
TREASURY DRAFTS AND NOTES.

II
The Secretary Of the Treasury has issued a
Circular to Collectors, Receivers, Treasurer OF
the Mint and Branch Miuts, Assistant Treasu-
rers, Disbursng Agents, aud officers OF the
Government OF the United States. IN which,
after reciting those provisions ofihe Sub Irea.
sury Law which relate to Treasury Drafts, he
gives the following instructions, with the os-
tensibe design TO enlarge the circulation of
Gold and Silver, and prevent Treasury Drafts
becoming paper currency.
lst. All Government Drafts shall be made
payable TO order, and not 10 bearer.
ID. They shall be assignahle only BY special
endorsement.
Sd. They shall be presented for payment at
the places where payable, namely: II paya-
bic al a place distant not more than fifty miles
from the seat Of Government Of the United
States, they must be presented within twenty
DAYS from the date Of the draft Ii payable at
place distant more than fifty miles from the
seat Of Government and not exceeding one
hundred miles, they mus, be presented within
forty DAYS from the date Of the draft. paya-
bic at piece distant more than one hundred
miles, and not exceeding two hundred from
the seat Of Government, they must be present
ed within sixty days from The date Of the draft.
II payable at place more than two hundred
miles from the seat of Government, and not
exceeding four hundred, they must be present
ed within eighty days from the date OF the
draft; and if payable at any place exceeding
four hundred miles from the seat of Govern
ment they must be presented within ninety
days from the date Of the draft.
4th. All drafts not presented within the
times above described must be returned by the
holders TO the Treasurer of the United States,
II. IL sb,l H., de
ment of such draft as will best comport with
the public interest, and tend to prevent delay
in the presentation of future drafts, or any al
tempt TO convert them into paper circula-
ton.
9th. No exchange Of funds shall be made
by discussing officers or agents Of the Gov
eminent, except for gold and silver; and eve
nv such discussing officer, when furnished
with specie for disbursement, shall make his
payments in the money so furnished, or when
furnished with drafts, shall cause those drafts
to be presented at the place OF payment and
properly paid according to law, and shall
make his payments in the money 50 received
for the drafts furnished, unless in either case
he can exchange the means on his hands for
gold and silver at par.
9th. No payment can be made in Treasury
Drafts by discussing agents TO the public cred
itors, even at the request of such creditors.
9TH. All premiums received by any agent
or officer of the Government on any Treasury
Draft or Public Security not the private prop
erty Of the holder, must be accounted for and
paid to the Government of the United States.
9Th. No Treasury Drafts shall be reissued,
but the same when paid at the place where
payable, shall be Immediately cancelled by the
public office, receiving the same. by punching
two or more holes through the Draft, not de
facing the date or number, and writing on the
face of each Draft in large characters, "can.
celled by A b, Assistant Treasurer. &C." as
the case may be.
Another circular announces the following
regulations in respect to the Treasury Notes
received in payment OF Public Dues:
In all cases where the Treasury Notes have
been or may be received for public dues, pre-
vious to their being transmitted to the Depart
ment, the officer receiving them will. by the
mail next before that by which it is intended to
forward them, notify the Secretary of the
| Treasury Of such intention, stating at the time
the amount Of the notes and description Of
them.
To insure greater safety, the notes should
be cut in half and righthand halves first for
warded--the left hand halves 10 be transmitted
after the receipt of the first halves have been
acknowledged.
BY the mail next succeeding their transmits
sion the officer win report 10 the Secretary the
fact Of such transmission. again stating the
amount and description of the notes.
Immediately on the receipt Of any notes by
public officer, care must be taken TO comply
with the former instructions Of the Department
with respect to canceling them; this must be
done on the day they are received, by punch
! ing two or more holes through the notes, avoi-
ding defacing the date. number, and rate Of in
terest, and writing on the face Of each, in large
characters, "Canceled by A. b. Collector, or
! c. ID. Receiver" as the case may be.
HIGH Duties FOR THE WUIGs.