The New York herald., 1862-05-31
ADDITIONAL FROM NEW ORLEANS.

The Banks Ordered 10 Make Payments.
Na,.srpsh;.ss sp or unitsa states Trsas:ry
the lssucrs Thereof TO Nc Panishsd, &c.
Inc following order issued BY General Butler just
does not sple e~r IN aLy Of the New Orleans papsrs
received - t,Ais port
NOTICE.
GENERAL ERs-xo. so.
HEADQUARTERS IEpARrMEhT or TIE 0UID.1
NEW OK EANs, iay 10, 1862.
It In represented 10 The inmanding General thas.
great privaton suffering, huneer and even
has been brought tho people Of New Orleans
and s scnage, by The course taken by ths osnks and
dealers in currency.
lie has been urged 70 take measures provids far
as may the relief OF the citizens that the loss
may fall in ar at least on those who have caused and
sees with regret that the banks and bansrs
causeessy suspended specie payments IN september
in coniraventon OF tho laws Of the state and Of the
United states. Having done they introduced Ccnfs
derats notes a. currency, which they bought at dis
count in place Of their own bills, receiving them do
pos, paying lhsm outior Their discounts, and celsct
ing their LstomeIs noes and drafts in them money,
against thsil will thus g ing those notes
credit and wide general circulation. that they
and unwary as in place Of that pros ed By the
constitution and laws Of the country or Of any valuable
%, iyalsni.
tago Of the reestah.shment OF tile authority Of the
United States here 10 throw the depreciation and loas
from this worthless stun, or their creation and os
tering, upon their credJ de- ositrs and bnLoldes.
They refuse to receive these bills While they pay them
They require their dspositors TO take them.
They change the obg tion q contracts BY stamping
tho bills " "Kedeemable III Confederate notes."
They have invested the savings Of labor and the pit
tance OF the widow In this paper
They sent away hid their specie that the psopls
have nothing hut these notes which they now de-
preciate, with which to b y bread
All ether property here has@Secoms nearly valusless
from the caames OF this inil-cas and unjust war
begun by rcbeous guns turnst ha Gag OF our pros
porous and happy country foatic: Fort Sumter
Saved from thu general ruin Ly this system Of 1nancier
ing, their stocks alone selling great premiums
in the MARKET while the stockholders have received large
dividends.
To squazs may be this general loss, 70 have
1t ali-at least in part-where II ought to be- to enable
which shall at least be scmbltnce TO that which the
Of the taon ides for ali citizens Of the
United states, it Is therefore ordered
l. That the several Incorporated banks out no more
Concde notes 10 their deposiiors creditors but
that all deposits be paid in the bills Of the bank, United
| States Treasury notes, gold or silver.
2 That all private ba ks receiving Deposits pay out
to their dep sors only the current bills Of city banks
| or United States Treasury notes gold or silver.
8. That the savings banks pay TO their d. p0sors
creditors only gold, silver United States Treasury
notes, current bills Of city banks or their bills to
exceeding third Of their deposits and
oi denominations not les than dollar, which they
authorized 70 issue and for the redemption Of which
| their assets shall be held liable.
4. The ncolp poratsd banks authorized bills
of less denomination i've dollars, but not less than
dollar anythng In their charters to the contrary
Notwithstanding. and authorized receive Con-
ederae notes for any Of their bills TILL the 9th day Of
| s. That all persons and firms having issued small
notes "shinp astsrs" called, required to re-
deem them presentation at Their places OF business,
betwe the hours Of nine A. H. and three H., either
in gold silk or, United states Treasury notes. current
bills of city banks under penalty Of conscation s their
property and sale thereof Tor the purpose Of redemption
OF the notes issued and imprisonment for term Of
1 hard labor.
8. Private bankers may issue notes Of denominations
less than than ten dollars to twothrds
OF the amount Of specie which they show 70 . eomus-
sioner appointed from these ho.iquarters, IN theiT
vaults actually kept there for the purpose Of
| demption Of such notes.
/ by command OF Major General BUTLER
| GEORGE c. STRONG, Assistant Adutaut General.