Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1862-07-31
Dictionary for Government Currency
and SecuritIee.

Dictionary for Government Currency
i and Securities. L..s
4 Green Backs.-Demand Treasury Notes,
! in denominations Of S., los and 20s, dated
I Aug, 10th, 1881. This il the first issue o.
A Government Currency. IL is often called
j Custom House money, from the iast tnat A.
is the only paper money receivable ior outies
! ON imports. There were sixty mlliions OF
these notes Issued about hfteen m,ihonsi
have been taken in and burned, aud the re-
! demptions aIe now ~ the rate of ieight mn
n lions per month. The law contemPiates tnA,
: these notes shall be redeemed and canceheo
\ as fat AZ possible, 80 that the Government
:. ma ' be in receipt OF gold for interest money.
through the Custom House rsysnus: In
Vi ninety days twenty i've million- u tue forty
= five now outstsnding, viii be csnc~iied, ana
4 ~ that siiina thsy VII te 50 sssrce that w. I
! eorters will have to pay gol1in part tor du
ties, and the green backs will bssen .
bar with gold. - q. ...s.,l,,.; ,,.st a. ~,
Legal leader. Notes.-The
. words ION demand" being left out-in de
: nominations Of 81, l0s, 2os, 5os, snd 'Oots. I.
The act Of Feb. 25th, 1852. authorized 10
9 millions of these notes, but provided that
, these and the green backs" outst andlng
: should not, when added together, sxceeo
s $50 millions. A. fast as the green backs
y nrs REDEEMED, the illegal tender j. put out
n in lieu. There is red ,shield or die on The
70 face Of the illegal tender notes, by vhsah
: they are easily distinguished from the Gus
n tom House or green back" notes. The
= '.legdl tendsr' snotes,, being the standard
Y money oi the countyy are At par eveEyvhere-
:, These are fundable into the $40 sizes.
q s. 7-3Os.-These are interest bearing
le Treasury Notes. They take this name from
er the fact that they bear g. per cent pa
ne aunum. or tvo cents per day interest or
b. every hundred dollars. They are dated
v Ane 10Th or Oct. 1st, 1851 The interes
20 is payable every six months from these dates
NO at DER the coupons attached Il is uesesarl
IN to present only the coupon to get the inter
re- est, These notes are convertible, o Az
a. time before they are payable, into po1aav
2o-year six per cent. Stock OF bond snu ~
rs money or q long bond 6sot 1861 in tn
-.i Summer or Autumn Of 1864 -
is The Treasury Notes are in determination
vas of Sos, 4 OOs,s 5O0s, or l00Os. They can !
eks made payable to order;s but when 20 mao
hat they are not ss saleablv. as blank notes by
not "a "a per cent. In buying these notes, u
an rule is that the accrued interest goes TO u
!, as 'U' s. T.oelse, Month Certifcatea-Tl
ALI is simple Treasury obligation, bearing
en- Der cent. interest, and payable with the pr
the cciple Twelve months from date. In buyi
We these certificates the rule ist hat the aeeru
cess lintsrsst goes 70 the seller. They are in''
ring uomiuatsons Of 1000 and, 5000. ssg.sa.l
hout Ut s. Sizes of fls8l.-This is in both
We listered Stock and Coupon bonda They
few luntl 1881, with no right reserved by .
Ned t(Sovernucut 20 pay slsefn % betere mak.!
into The interest is payable on the LIST OF }
lges, and January The rule is that in buy
sup these stocks the accrued interest goes to-
A purchaser; but the registered certihce
I'M to are sold ex interest for the month OF u
/, and and December. This is on account OF
from transfer books being closed, and expli
that the apparent cheapness OF Registered q
The during those months ~ compared
well. Coupon. bonds, which continue to be !
" ig- with interest on up to the Let OF July
fairs January. The registered stock is in cel
con- Gates Of lOOOs and upwards. The couI
e for arc in 50Os and l000s, but the 500s are
Il the scarce. q a a2G sg1E j.
this u s. $50 iSices.-This is tho new
&C. - of stock, registered or coupon. Inc COZ
ly in bonds are in sos zoos, 500s ana iVoos.
hat 10 registered certificates are IN hke depon
ent Of tons. The issue Of stocks is called the I
sizes, because il is redeemable. at the p
ure of the Government, at any time I
aral- FIVE years from the 18th. of Fehnary.
one but The Government may let this stock
for twenty years. Hence it is very a.
in NJ. priately named the $40 sizes. ~ . !.
two or The Interest on this issue y psyao'9 ~
rdan lst of November or May. Ihe ie8al y
under Treasury notes are tundabie ,nLo tnif y y
,retary each at a par, or aoiiaf for uoiiar, ~ ~
we'd. ~ accrued interest on the stock rom ine
smpts, lot May 70 the time ol iunaine m"Ss ~ " "
to ser. lin gold To the Goyernment !nen
|, until fuuder gets only Treasury Certifcat
mnoav Deposit, which must be sent to Washil
y he lfor the stock. Il lThompson's Reporter