The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-10-05
sUB-TREAsURY MATTERS.



Quilted States, Notes.
The Investments at the Sub Treasurers Office In the
pofalar Treasury loan continue to pour daily without
the same excitement, but with the interest as at
first The subscriptions up TO three O'Clock NJ yester
day amounted to four hundred and fifty thousand dollars
and this must BIO remembered, while every bank the
city is now sub-treasury, as far this loan is
cerned that the subscriptions which used all DO
received by Mr.. Cisco, divided among these dine
rent Offices. The subscribed ranged from fifty to
one hundred thousand dollars The subscribers are, as
frmery of all classes and conditions, but generally Of
intelligent stamp than these Of the first rush. The
old stocking women are superseded by merchants and
mechanics, and the poorest classes not nearly so
largely represented as when tho loan first
offered The stockings will DO renled by and
by, however, and then shall have to record the old
again, full supply of the Treasury notes
being received, the old crcumlocutory process of
circulars and mail letters and certificates Of deposit is
entirely done away with. Tie notes paid over
the counter upon the receipt principal and interest and
the well known Baruacie family has dissolved its brief
connection with the popular loan, and the lookout
for another government situation.
The United States notes. without intercst-or they
are popularity called, the government "demand notes
are daily brought to tho notice of tho SubTreasury off,
Gals These notes are new national currency be
paid from person 10 person, just bank note may
be deposited in any Of the banks like bank bills specie,
and are, in short, national bank notes. money. Is
very hard TO get this fact through the pcricrannms
OF some people, however, and great deal Of
partly paid oil in this money and sends couple OF ves and
u ten to his wife or mother in New York Now, If he
sent Chemical Bank notes, the good would go or
and spend them at the grocery the dry goods store the
9roggery-wel saloon. AS they are government bank
notes however, she doesn't her way clear about 1t,
and pays visit to the breasury, and engages in
conversation like the following -
CAsHlER-What is your business, madam
OLD IApy-ls it mey Sure, an come TO collect this
presenting the note--which me dear boy, johnny
Observation-Disclosures imwcilAmen-se from
CAsnrER-wen, what do want for itG why don't you 60
and spend it2 It's money, you know.
OLD LApY-Then don't know anything " the hind.
Amt 1t a draft, sure? Dye think am ignorans rs
yerself2 It's the money want for it, wants to spnd
it, To what use is the draft to me an don't collect it2
CAsHIrRrBut, my COED woman, there's 40 collecting
about it, It's money already
OLD IApY-Anan2
CAsnIER-It's money already, say. It's just like
bank note just as good as gold or silver
OLD LADY-EhY Why don't you give me the sler for
IT, thnS It's TO spnd it want, tell YOU Here, take
it, now, and don't bother.
CAsuiER-Bnt why do yon gold or silver for ~
tell you it's money.
And for hour less at the end Of which time
either the Old lady is made to the affair rightly
trcy wearies out tho cashier and goes oil with her gold
triump hanty.
Or, perhaps 1t is German who presents the demand
note and handing It to the cashier says, sentenousy
GERMAN-Cold for dat?
CAsnER-My dear sir why don't you spend this note
and get change from il in sitvert"
GzRMAN-Yaas. taso silver, as you shall please.
CAsHIrR-But why do You want TO take any specie a.
ulls Sec hero, THIS note is issued by tho govern
ment 1t is just good and better than any bank note
in the country Yon spend it wherever you please,
1ust you could any other bank II you wish 10
put your money IN The bank they will take this for
its full valae the same as if were five dollar gold
pieca. 10 you understand9
CAsiEn-Then, you sec, that you don't me to ray
you thing for it. All you have to do is TO pat it In
your pocket and when you to buy anything for H.
spend it. SO you're all right, my dear sir
Conpratuiating himself upon having made that matter
unusually Clear, gratifed at having rid himself Of tic
German easily ard not little proud within himself
of his talent for fluent and luo ID exclamation the cashier
proceeds attend his other business, ard returns,
at the expiration Of quarter Of an hour TO ind his Ger
man friend still standing at the desk, with his mouth
wide open and his demand note In his hand rs
the cashier gets within range Of his optics the German
regards him soeunly and attantiyey for moment and
then says calmly =
Yaas. Very goot.
CAsfIsR-{mpatisntly, and with feelings which must be
imagined, but cannot be described what DO ycn
want now? Why don't you go2 What arc you waiting
/. for?
GERMAS{wi,h undsturbed camnoss and an air of desp
refection) -Yaas. Very goot. takes cold for dat.
And he COTS cold for dat and few mrttered choice
but expressive remarks besides, both Of which he re.
ceiycs with equal c,mplacency and selfsasfaction in
compliments to his patience and sa2acity.
The demand notes only require time and more general
circulation to remove tins ignorance of thor true value
and Notes payable at the subtreasuries other
cities sometimes presented here, and generally
iased payment Ihey are cashed, however, wnon tho
ignorance persisency OF the holders get tho better
the patience Of the cashier. The government has
not yet decided what shall be done in cases OF
such presentations; but the only just course Of
making those notes convertible into specie any Of tho
sub treasures will eventually be adopted All demand
notes, wherever payable, received, however, for
vestmen in the popular loan The ignorance OF the low
classes regard to the demand paraloled by
the experience OF the past the introduction OF bank
note currency and III the first issue OF postage
stamps. Aside from this misrepresentation, which is BY
general and causes but little trouble, the United
States demand notes universally popular and are
seized upon by all classes of people gladly and eagerly