Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1857-10-09
Treasury Circular.
DEPARTMENT,
90 1927

September %, 1857. (
Notice hereby given to the holders of stocks OF the
United States that this department will purchase such
certificates shall be received here duly assigned to the
United States previous to the LIST day of November
next, at the rates heretofore offered and paid, viz
10 per cent. premium on the loan of 1912.
l6 per cent premium on loans of 847 and 848 and
per cent. premium on Texas indemnity 5 per cent
stock together with the interest accrued IN each case
from LIST July.
Certificates of stock received here after the LIST
day of November, until further notice shall be given
will be purchased at the following rates, viz:
s per cent premium on the loan OF 1912
IA per cent premium on the loans of l847 and l848
5 per cent premium on Texas indemnity 5 per cent
STOCK with the accrued interest payable thereon, re-
spectively.
When certificates of stock inscribed and transferable
on the books of the treasury shall be received here,
signed to the United States between the lst December
when the transfer books will be closed and the LIST JAN
uary when the half yearly interest is payable the &C
crued interest for the half year must be expressly as
signed to the United States by the stockholder no
interest for the current hayear can be included in the
settlement but the will be payable by the asss-
tant treasurer the interest schedules heretofore
In all cases the purchase will be settled in favor
of the lawful holder of the stock who shall assign it to
the United States in the mode prescribed by the regua-
tiOns of assignments of stock and remittance will be
made of the amount by draft the assistant eaSurers
at Boston, New York Philadelphia, at the option of
the party in whose favor the settlement shall be made
One days additional interest will be added from the day
of receipt here for the draft to be sent by mail.
| HOWELL. COBB, Secretary OF Treasury.
We publish the above circular from the Treasury
Department in further maintenance of position
sumed in last, that necessity exists for resort
to any unusual measures the part of Congress
for getting red of accumulation of specie in evau
the Treasury to the serious injury embarrassment
of the country 1t is not locked up, if LOCKED
up the key is.in the hands of the public by which
may be unlocked. The government owes this money
is anxious to payoers to buy in the claims against
at full premium and to pay the specie out in return
IF the banks at the North want this specie to sustain
themselves they know how and where to get it. TIL
stocks of the United States be purchased and tn
gold and silver obtained These stocks bear interes
of six per cent The United States offer to redeem then
at high premiums. What, then, becomes of the cry
bout the boarding or locking up Of specie? They wi
be redeemed at rates which would leave only about tire
per cent per annum to be realized by the holding
them by the present possessors Surely the government
cannot then be said to hold on erociouy to the sp
Gle of the country The fact is, that the money in tn
Treasury ready to be paid out in pursuance of Law
and on terms extremely liberal. What is the sense
talking about its being locked? All humbug, so trans
parent that we wonder at anybody being taken in by
We stated in our last that the amount of money bel
by the United States did not exceed eighteen million
and diminishing. The Washington Union of ye
terday (Thursday contains an official publication, CO.
roborative of this statement which it than SUI
tains The nett amount subject to draft, the 21
September was $l7l8l Asa. 1t is true that the Co
eminent has, perhaps rather anticipated payments whel
practicable in order to afford every relief and facility
its power But its latitude in this respect is very lin
ited and the substantial fact remains that the specie
the surpus-is gradually being reduced, and as hay
remarked before in this article, what remains
easily be made available.