The Nashville daily union. [volume] (Nashville, Tenn.) 1862-1866, 1866-02-09
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FRIDAY, FEBRUARY 9, lsso-
ImpOrtan. ciroalaE fTo "a the TEsa.salT.
The following circular, approved by
the Secretary Of the Treasury hss Just
been issued By United States Treasurer
| Spinner
1 TREAsuRT DEP1R'T T, TEE4sURERs OFTI0E,
WAsHEoTos, Jan. "a, lS66.
Therules adopted for the redemption
OF fractional snd other United STATES
! notes that, from whatever cause, have
! become unfit for circulation, eonten-
plate and require the co operation oi all
| National Banks that are designated ss
repositories in the work OF redemp-
tion, except such notes as by the rules
of the department are designated and
described IS "Mutilsted,' and BY the
term mutiiated is meant notes not
worth their full face value. Some of
these banks do not seem TO have un-
derstOOd, or have been unwilling 10
accept this duty. Now to Furnish to
holders Of money which ought to be
/ retired from circulation more ample
means for the redemption or exchange
| of defaced United States notes and
fractional currency, and such notes as
by said rules are defined as mutllated,
and subject, therefore, to discount at
the Treasury, the following additional
rules and regulations have been adop-
ted.
whenever q holder Of any United
States currency shall present to an As
sistant Treasurer of the United States,
! q. S. Depository or a National Bank,
which is a designated depository Of the
! United States, notes, which IN the ag-
gregate shall be of the nominal value
OF fifty dollars or over, which notes
shall have been carefully assorted,
strapped, labelled and then put up in
one parcel, in conformity with the
rules applied by the Secretary Of the
Treasury, April q, 1865, for the re-
demption of such notes, it shall be the
l duty of such officer or bank to receive
4 such parcel of notes, and give to the
owners thereof either the value of the
same in money, or q receipt condition.
ed for the payment of the proceeds OF
such parcel, when the returns therefor
shall have been received from the
Treasurer of tie United States. Such
parcel must be securely done up, with
the owners name, the amount claim
ed, and the date, plainly written there
on. The officer or bank remitting such
pareels. will make them into pack
ages containing SIS near one thousand
dollars. or its multiple, as may be, and
write upon such package the name OF
the bank or person remitting and the
/ amount contained therein, and state on
the outside of each package, For
warded under contract with Adams
Express Company, which package
| should be addressed to the Treasurer
of the United States, Washington, D.
G" In making up these packages, care
must be observed TO remit sums repre-
| senting thousands. Amy amounts much
less than one Thousand dollars should
he avoided, because the contract for
| transportation establishes prices by the
4 one thousand dollars, and the cost OF
carving one thousand and one dollars
1 bv that contract would be double the
! cost of conveying one thousand dollars.
! Packages must be delivered for trans
/ mission to the Adams Express Compa-
! nv, or to such other companies as shall
! have formed connections with the
Adams Express. Returns will be
made for the value Of TeDittan-
! oes, as soon ss the notes can
be counted at the Treasury, either by
| check on New York, Boston or Phils7
delphia, or IN new notes, sent BY eG-
press free Of charge, as the party re
mitting may elect Straps III which
errors have been discovered will be re
turned. with the errors and counteTfeits
noted thereon. By this plan large
sums can be sent to the Treasury for
redemption without the labor Of count
ing BY intermediate agents Of the
Treasury. and without cost TO the hold
ers But officers and banks whose
duty il IS under existing rules and in
struetions, will continue to redeem
small sums of currency attheir counters
whenever they have Government funds
in their hands. Under these regula-
tions any public officer, bank, corpora
ton. firm or individual may also sen a
| to the Treasurer of the United States,
by express, packages of currency for
redemption, free OF expense To the
owner, by observing carefully and
strictly all the instructions herein con-
tanned, SO IS TO bring the cost OF tran
sit within the contract Of the Depart
ment with the Adams Express Compa'
nv. and by following the rules before
mentioned for asserting, strapplng and
labelling the parcels composing the
parcel
All mutilated currency, subject to
discount, sent 10 the Treasury for re-
demption, should be placed in separate
parcels and marked 'mutilRted. II
will be greatly TO the interest OF parties
remitting mutilated currency, which
has been torn into two or more pieces
10 restore the form of such mutiisted
notes IS near IS may be, by pasting the
fragmentary parts of the respective
notes on slips of paper Of the size and
: form of the original notes. But al
piecing or mendIng of mutilRted cur
rsncy with fragments of other notes ]:
. prohibited. No allowance will be made
for such fragments that have beer
used for piecing, as do not constitute
, portions Of one original note. NO Ma
, tionaI Bank notes, whether mutllateo
or not, are redeemsble by the Treasur
er. unless they are notes of banks II
! Gouidatiou. Such notes are redeema
BILE only by the banks which ISSUED
them. II is not advisable 10 send par
cells Of money to the Treasury by mail
4 hut those who choose 70 incur the risl
mead not pay postage on parcels 50 for
warded to this office for redemption, a
all communications by nail addressed
to the Treasurer Of the United States
Washington, D. c., will come free unde
the law.
fsignedl +. E SINNER,
> Treasurer United States