Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1853-05-14
TRANSFERS OF PUBLIC MONEYS.

The following remarks from the st. Louis Re-
publican of May confirm the apprehensions which
have baen expressed in the cities. on the Atlantic
| border OF the inconvenience to the Treasury, as
well as to the Public, which may be expected to
attend the late change in the mode of transferring
the public money to points where it is needed for
the purposes Of the Government
| THE New TREASURY ORDEE.-Under the new Secretary
of the Treasury the of transfer drafts is dispensed
with altogether If the Government have 81 600 900 in
New York which they desire to place in New Orleans
there is other way than transfer the specie to
that point. This is the law, and Mr. GUTHRIE chooses
to interpret to the letter Thus the Subtreasuer in
this city yesterday received 1890 in gold and 900
in silver from New York, by Adams and Co.'s Express
and in little while it win be carted off in some other d.
rection. The Secretary Of the Treasury viii find this
troublesome business before he is done with it, and if he
should meet with two losses he will be glad 10
give it up 1t is very liberal construction that
quires the execution Of the law in this way and if the
Secretary intends to pursue this Of construction
he will find in all the dsbursDg officers Of the Govern
ment fit subjects for his dpeasure and the execution Of
the law 1t is notorious that they not permitted by
the law keep their funds in any bank any banking
house. but they in the constant universal habit of
doing it. What win Mr.. GUTHRIE do in such case?
The Express agents of Messrs ADAMS & Co.
have been engaged for some days past in trans
porting to different parts of the country consider
able of the new SILVER currency, drawing from
the Mint, it is said, some fifty thousand dollars
daily. The banks Of the principal cities are thus
rapidly becoming possessed of sufficient amount
for all current purposes and will shortly be able to
supply the wants of the Community at large,
The great inconvenience which has Of late been
experienced every where from the scarcity of silver
coin has not except at few points, arisen more
from the inadequacy of the supply than from
vague apprehension among those whose gains and
funds are usually in silver These have feared to
part with the small coins they had boarded from
the moment they perceived slight difficulty in OBJ
tanning change, and SO large amount of them were
distracted from circulation. AS soon as it is per-
ceived that no objection lies against exchanging
silver for gold, approved bank notes, shall feel
the convenience at market and in petty transactions
of rapidly increasing flow of the smaller coins.
We have seen no specimens of the new currency
except the quarter of dollar. This resembles
closely the old coin, and but for its brightness
would pass without particular notice The chief
differences are that on each side Of the date 1853
are arrow heads; and from the upper part of the
sitting figure of Liberty rays emanate as from the
sun. Perhaps the milling-that is, the indentation
at the edge-is not as distinctly and finely done as
in the earlier coins This may arise however, from
the unusual urgency of work at the Mint, in the
effort to afford Immediately supply of silver equal
to the demands of the whole community.