The New York herald., 1864-11-06

The money market continues unsettled, and the ua.
tonal banks calling in the remainder OF loans
TO meet the drafts OF the Treasury for the deposits
by them. First class stock houses have, however,
difficulty in borrowing all they require at per
on cali The discount line is Inactive and commercial
paper by a favorite security but nrst class
taken at from nine twelve per cent with an
occasional exception al eight.
There has been little nothing done the foreign
exchange market, as usual on Saturday but quotations
are nomnay the same yesterday for gold, namely,
1o9h for bankers bills at sixty days Ill at three
days. Merchants bills are not in request, although
offered at "a a per cent lower.
The quantity OF defaced and mutated fractional cur
rency in circulation SO large TO be consider
able public Inconvenience and to call for prompt action
on the the Treasury with 70 its exchan ge
Added to this there is a large amount OF counterfeit
paier in circulation which II Is difficult distinguish
from the genuine aud this s chiefly confined to the
atty cent denomination, the proposed issue OF that
deuom nation and the withdrawal OF the old is highly
desirable. The rules promulgated by the Treasury for
che redemption OF mutlaed fractional currency are as
follows
Fractional notes can be exchanged, n not mutiated,
with any Assisart Treasurer designated depcsary or
toe United states, or national bank designated a
positary OF the Uned States than three
dollars Deiaced notes, u whole not considered as
nntated Is evidently accidental injury not re-
ducing the note BY more than ouetenth its original sze
be redeemed at the treasury OF The United States
city OF Washington, under the following regulations
taDlished rs necessary guards against fraud
l. Fragments OF a note will be redeemed unless II
ehal be clearly evident that they or
more ose orgns note ia winch case, notes. however
mutaied, Will be redeemed in proportion to the whole
note, reckoning by hitbs.
II Mutlaoos less than ons.,sD,h will be dlsreearded,
unless fraudulent but any mutlation which destroys
more than tenth the original rois will reduce he
redemption value Of the note by nfh its face
Ill Mrt,ated notes presented for redemption
In sums Iot less than three dollars or the original full
value
All government officers will receive for public dues Ill
ned states Does OF the several kinds and account
pr which they respectively receivable per Trea-
ly circular OF october 9, 1892 In explanation OF the
tles promulgated May IS, 1862 matter how badly
leaced torn they be, long their genun g.
sess be clearly sscertaned and that IL is certain
hat not twentieth part thereof missing But all
fch notes as unnt for reissue received should be
ept separate and distinct and as occasion NAV reoure
be returned 10 the Treasury Of the United States
tired from circu aon Fractional currency from whicu
not onetenth part 10 missing viii be received in ,hs
same manner.
But these not sufficient 10 meet the necessities OF
she public. All the Post Offices and subreasurIes In the
country should exchange mutaed and defaced currency
for new in small sums and without limitation Much OF
she larger greenbacs Is also mutated and de-
laced and some Of ii is refused by bankers
the general public in consequence The Treasury rules
for their redemption ftiows but they, alike
with the others quoted only provide for the exchange
Washington, our remarks relating 70 the fractional
FuS-hutilaled notes, which have been torn no mat
ter how much but OF which 1t Is evident that all tho
fragments are retdrpedor deiaced no matter how bad
~ but certainly satisfactorily genuine viii be redeemed
~ their iull face va ue on presentation.
Second-Fragnents OF notes will be redeemed In full
on ly when scc named by stating
~ the mutiation, and that the missing part
ot the note totally destroyed The good character Of
the aEdaylt also be fully youcbed by the officer
before whom the Rildavit rs taken.
7aird-ln absence OF such affidavit fragments OF
notes viz be paid full: but the parts presented
will be redeemed IN their proportion 10 The whole note,
reckoning, as general rule, by twentieihs.
Fb,rth-Iess than hair OF a will not be redeemed,
except by payment the full value OF the under
the second rule by OF the proportional value
Of the missing part when presented under tho III rule
fun value been paid. will be retained tor year,
the the who have received less than
fhe missing part and receive the amount previously
withheld.
sizth-Uutn further order mutilated notes and frag
mepts will be redeemed only at the Treasury Of the
United Washington, whittier they can be sont,
addressed the "lreasurer OF the United States"
draft the Assistant treasurer at New YORK, Tor the
am oupt aowe will be returned by mail TO the address
The person remitting the same
Railway shares n market value In gold at present
cheap in comparison wsh what they at this time
ss year The value 10 specie Of twenty Of tho
principal stocks sold the New York board the
let Of August, September October, 1868 and 1884,
respectively as iollows:-
August .S105. sos, i5o 90 1907, 3l7
teptetnber ...,......... l2oSA,9T5 oaIO3,O4s
October ............... 102 s35, ,l5T 90 ,63l ASH
This shows decrease the gold yaus OF these
OF sl34sl42 In August ss5 7il ,s3i September and
$50 2oi 6o6 10 october. The currency valuation how
ever shows mparatvey little variation owing to tho
advance in the gold premium during the year We gave
the follow ing ilius.ration.-
Prtoe Of Cod
August. .s1ss, 5o7 ,3io a,7os 600 i2sx Isl
septembor.. is2,e66lls l6s 52aAs1 i27 2ss
1AQ 4