The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-10-07
THE SIX PER CENT NOTES.

We have already made the public familiar with the ap.
pearahcc Of the Treasury notes bearing interest
OF 7.3O per coat. But another class of is much
used by business men at the present time, vz-hc old
issue, bearing Al interest Of six per cent OF these
description has been given in any Journal of this city,
and for the benefit Of those who have yet become &C.
customcd to their use We supply tho following
The notes Of which speak are used by the
government in laying for army and navy sup
plies, &C. ard in consequence of the immense outlay
for these purposes since the Of the war;
large numbers have into circulation They all bear
on their face date which is taken the date Of ssuc
from which no.es; is TO be calculated provided no other
appears on tn back. The Treasury Department issued
circular December 81 1857 those who endorsed these
notes giving the following Instructions
,rsa Tny notes bearing interest Be sent dis
public creditors such officers agents directed 10
or Of he legally al r.sre II gs
o on r s eo on ssa nG s Mh The & est
present instructions essential the public
neglected or departed from.
At later date The above instructions were renewed by
Secretary Chase, il the following circular =
All disbrsng whom Treasury notes arc issued
since 1857 endorse thereon the date when they bay them 10
attorney 70 ae"f he 0s s sS s q y s es
notes as obtons OF the United States from which
II dsoursng officers endorse the date of their
CURED to account tor the interest which may
on Tue notes between the Dates when they signed ny the
States. - ~
Through carclcssness on the part Of disburs
ing agents in some parts of tho country, this en-
dorsemcnt has il many been neglected and note
which was paid ou on the lst Of September may have
been dated the LIST Of August BY this earelcssness
then, the government loses months interest.
The absence o! an endorsement of the date has given
rise TO some trouble in the West AT Cincinnati the COL
ector beng in doubt whether he could receive these
notes, allowing interest from the date on the acc and
fearing that he would be held personally responsible for
the difference Of Interest," refused to those not on
dorsed until instructions arrived from the Secretary Of
the Treasury THUS the matter stands at present in that
city. IN New York tho Sub Treasurer allows interest
from the date The face IL they not endorsed ticking
that as the date OF issue II it DO not, he is in fault
for he has cvide.ce Of their being issued late
day.
These notes used by importers in paying duty at
the United states Custom Houses the government Of
course receiving them back in payment OF the public
dues The duties at the New York Custom House are al
most entirely paid in these notes. the discount thereon
being suiTcicn, to induce importers to ray in them
rather than in gold.
The notes OF this class Of the following denompa
tions viz 81 coo, $500, 500 and $50.
The 81 00o printed on the face with green
ink the back with rcd On the right Of the note Is
an engraving Of the Treasury Building at Washington,
over which the figures 000 On the left is likeness
OF George Washington. Small figures, showing the de.
nomination OF tho note. made in every possible place
The whole arrangement is such that it would be exceed
ngV dica for any one to counterfeit II, These like ali