The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1866-02-11
TREASURES OFFICE,
WASHINGTON, Jan. 80, 1866.

The rules adopted for the redemption of
fractional and other United States notes that.
from whatever cause, have become unfit for
circulation, contemplate and require the co.
operation of all national banks that are desig.
mated repositories in the work of redemption.
except such notes as by the rules Of the De-
partment are designated and described as
''mutilated' is meant notes not worth their
full face value. Some of these banks do not
seem to have understood or have been unwil-
ling to 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 and fractional currency and such notes
as by said rules are defined as 'smutiated. -
and subject therefore to discount at the treas
ury, the following additional rules and regu-
latlons have been adopted:
Whenever holder of any United States eur-
rency shall present to an Assistant Treasurer
OF the United States, United States Deposi
tory, or National Bank, which is designated
depository OF the United States, notes which,
in the aggregate, shall be of the nominal val
ue of fifty dollars or over, which notes shall
have been carefully assorted, labeled. and
then put up in one parcel. in accordance with
the rules approved by the Secretary of the
Treasury, April 2lst, 1865, for the redemption
OF such notes, it shall be the duty of such of
hcer or bank to receive such parcel of notes.
and give to the owner thereof either the yalue
OF the same IN money or a receipt conditional
for the payment of the proceeds of such mar
eel when returns therefor shall have been ra.
ceived from the Treasurer of the United
States. Such parcel must be scurely done mn
with the owner name the amount claimed
and the date plainly written thereon. The Of.
hcer or bank renting such parcels will make
them into packages containing as near one
thousand dollars or its multiple as NAV be.
and write upon such packages the name Of
the bank or person RENTING, and the amount
contained therein, and state on the outside of
each package, forwarded under contract
with Adams Express Company" which
package should be addressed to the "Treas.
qrer OF the United States, Washington. D. c.
In making up these packages care must be
observed TO remit sums representing tbou.
sands Amounts mach less than q ooo
should be avoided, because the contract for
transportation establishes prices by the one
thousand dollars, and the cost of carving one
thousand and one dollars under that contract
would be double the cost of CONVEYING ono
thousand dollars. Packages must be delivered
tor transmission to the Adams Express Com.
pany, or to such express companies as shall
have formed connections with the Adams
Express Returns will be made for the vain,
of remittances, as soon as the notes can be
counted at the Treasury, either by check on
New York, Boston or Philadelphia, or in
new new notes sent by express, free Of charge. as
INC party remtting may elect. Strips in
which errors have been discovered will be re-
turned with the errors and counterfeit noted
thereon. ho'ea
;, BY this plan, large sums can be sent to tho
treasury for redemption without the labor of
counting by intermediate agents Of the Trea.
sury, and without cost to the boldars Do.
officers and banks whose duty it Is nnda nu'
ting rules and instructions, will cont;nn eA,s
redeem small sums of currency at their go 70
ters, whenever they have Government f ouI.
in their hands. iuhos
Under these regulations, any public of,;cer
bank, corporation firm, or individual NC,
also send to the Treasurer of the irn,,ad
o'stes, by express, packages of currency for
redemption, free of expense to the owner by
observing carefully and strictly ali The ;n.,,. =,
uons herein contained, so as to bring the co.
OF transit within the contract of the Dsns...
nent with the Adams Express COMPANY and
by following the rules before mentlonsd anu fn,
asserting, strapping and LABELLING tha luz
GELS composing the packages. pa'
Al muaisssd currency subject to discount