The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-08-27
TREASURY CIRCULAR.


We publish this day most important circular from
the Secretary of the Treasury in regard TO
drafts VIII DO perceived that the great object Of the
law establishing the constitutional treasury the enlarge
ment of the circulation OF gold silver fully car.
red out under these Instructions and that treasury drafts
cannot become paper circulation The time allow ed
for the presentation OF these drafts the within
which they can be transmitted to disbursing agents
places remote fIom Washington, exchanged Tor gold
and silver at par and taken the place payment by
the holder for the specie. They oily be drawn on
specie in actual deposite-must be speedily presented
for in specieare not receivable in of
public dues-are only assignable by special endorse
ment-must be cancelled when paid and cannot be re.
Issued or disbursed IN pay ment to any public creditor
Circular to Collectors, Receivers, Treasurer
OF the Mint and Branch Mints, Assistant
Treasurers. Dlsbursing Agents, and Off
Gers OF the Government OF the United
TRrasuRY DEPARTMENT, August IS, 1876.
BY the act Of the 9th OF August 1916 establishing the
cons.tutiona treasury, it is provided as follows:
.Sse ~ Ana be II further enacted That no hange
OF iuhds shal De made by any discussing officers
agents OF the government of grade alton
Whatsoever or connected with any branch public
service, other than exchange gol and silver and
every SUCH discussing officer when Tor his dis
pursemehs are furnished TO him in god silver shall
make is pay men,s in the money furnished or when
those means are furnished TO him draft. sh Al. eau
those drafts to be presented their place Of payment
AMI properly paid according to law. and shall make
his payments in the money so received for the
drafts furnished, unless IN either case he can ex
change the in his hands gold ami silver at par
AMI shall be, aud is hereby made tho duty of the head
of the proper deparne mt i'm nediateiv 70 Sr,
duty any disbursing officer who shall violate the proy
sions OF this section and to report tho name of
the ocer agent to the President with the fact of the
violation. AMI all the circumstances accompanying the
same and within the knowledge OF the said secretary 10
ne end mat such officer agent may be promptly re.
novel IRON otice restored TO his and the per.
torrance oil his duties TO the President may seem lust
and proper Provided however That those Disturbing
ofcers having. at present credits in the banks shall
uni the trs day OF January allowed 10 check
on the same, allowing the public creditors TO receive
their pay from the banks either specie or bank notes
sEc III And be it further enacted, That il shall be
the duty oil the Secretary OF the Treasury TO issue and
paosh regulations to enforce the speedy presentation
all government drafts for payment tue place where
and to pres ribe the time according to the off
sances OF the repositories from tAe seat of 90
e,i"ent within viii ch all drafts upon them respect.
y a oe presented for pay me MT and in default of
nIscs as on, TO direct any other mode aud
spau h vi. .hese regulations and directions il
snsn 20 .ne quy Of the Secretary of the Urea
asury 70 suara, as FAR may be ogsn,t those
orss oeing USED or thrown into circns,sen a. ,ansr
currency, or medium Of exchange Al ~ N n papr
the Onied states shall, either dire stv ne i, ~
or dispose 10 any peisJn or persons or corrs, 60
whatsoever for a premium. any treasury NJ, s.a
warrant or other public security, his private n.n
~, or sell or dispose Of the avails or proceeds
note draft warrant, security in his hands Tor sshn
ment, without making return Of such premium and sc
counting therefor by charging the in his accounts
70 The credit Of the United states and any officer viola