, 1869-09-02
3,up>
s+U
9,3tJ
aa475
10000
MONETARY AND COMMERCIAL
MONETARY,

What proportion Of nslr paper circulation IL
counterfeit II Et tiinH to l,a 1ntspn Ut serious
l!Etnrt, nni one which ,ltFs not get as Innch san
tktrat!on tynin the general public al Il deserves
ftun te fart TINT In nil oHs past experience In re-
Eath tu counterfeit paper nne{, Tic hpEu1 article
has bten either such t,unsl.na Initiation ii the |
genuine Ut *+e fu amal III AMOUNT hist II naaA |
tlstatI Easily u1ui.ltsl ~ rasclul rtFsHha. Hut
nrw IRA III roneffenE seems 10 hare it9nA |
within lht rast eighteen Hlnufis. and ftceht de-
ttEuretfta shuw that tsrrt futtl uf erkleiIce nj
ru1tfA,reIIt tnItft"tlhesa n nnw ttHnttEfrtti |
| IN n tt,t:lefa5t" proportion tf the tnts!
r"'rmr N tIfrHn'F'H. nn' that the
pFtitita t7suta IT euffttrt ntr ai"h g'r'1 tm'ta.
sI"i,s nj tht Etd!ue That II r. next n upSaa!be
tu distinguish the trG alnft. Shire In" Afst Hl
| t+A,Htr- NJ tta tuunl.tf"!i SIN ef.ehsA'ks the
t'1,h" hssr ia."n AftI4"'l tfpM Tine TT ilIna II
int, A.4t+ta Tt,a, tlpre,+t, '.as tet.4n-'1 tl,r
,"ltl.tftt.ts ~ t.tp"h ~ t1,e I"llAh. hit Il Ia
thn u it,%l ihu tlttL"ls EAsp tt.n s,fte"ts't ~
I4si ~ is, At'atte uirll" ntttl t",~ Il u 4ttnnat
tr l"ssl"tn i"f trsH ~ '.tts |" 'tatlhG"tal 'ia
t'.'l 4ta.s tha hal: II !. t.'llastal th+i fj""
fsi' II, latdnt tts ala,,uthaail nH,y tfa',tAAai
,,Ithhts h''r ~ 'it''t!Athi4 u 1",'hlstfLl, IN"
rtahtt ilen'hd hf t.&uhtu elathlta u Mt hIhts II
r.uEhd III III Hi tl.4t MI Ealsht HAL y Il tAHHsht
IN t.a.l i.ty EtsEet,ttla tltEtt III lin
It,rhun drttst,t tr"'n slalhl's aLd 1t
II at ta4ai Ist1I"ua G1r''hInsiAnn Hist
lhc fclrntls tram slAIIps " lhat kt!t!
|
ty II hl!unIi la lnuch tnnrn but Ihn hitler helnH
tn ,lnA,l aa.t,anl-, GanHol In CauntrTf,lted with
| prnIlL hut II II tiIe communicating at It's uneIl
| EtAtrH Euics that nssll.s the Innst AlaFnn1
usIrrt. II IL well ktuwn lilat = large percentage
! Ut tho ErcrnlaCkn AUw III cirClItutlan aEs conn-
ltrfrils ihAt we'll executed that they del3
e1ucton by any Of ttc otl1u.Ey rules, and that tho
aIunuhi Ut them Is Increasing rapidly. Tseasurrr
Spinner llas written letter III rrspect IL thn To-
,etnption Of Mlutllatt,. currency. aud az to my
l. rulcn authorized or approved hy tbs department
for detecting Gountcrfcsss, lh which hr says: NO
instructions have trecn tssncI by tic department
. rclatiye 10 the mode Of aaceriinlny tho grnuinc-
Il neAA 1r 1'ri,+ Stlsea notes; hut the decision aa
t to tic character Of the notes rreseaie'i to them
T. hus been iclt TO the discretion Ut the
r | eE.lccrs themselves. THO department. has
= never promulgated or aparp:ca nay sJs
"a tc or scta Ut rules for the .selrctun of coanter
!. fya, fus tho rc1sou taas 1t Is believed no genera
+ rlIlta cayt be fAlti down winch would rHr'.r al
~ ~ ptrsons who may study them good Judges o
10 money. careful comparison Of slsi'ec;e'l uotc
:. with tfosc knoKA to be genuine, Enl natur II es
II eefpEent a1 familiarity with tile dllrrelt klnl
u; O! notes nIe requisite 10 enaer person 10 it.
N tucut>h countcrfe!ts from gcnl!ut u9te+ viii c"I
tainty" II thu counterfeit bills urc ID nearly tiH
tho genuine taat the Treasury Department G.
~ ~ give 40 general directions for their uetect'or
pc there |. tca.un why tho co1ncsft!:eEt may M
= mint millions Of them The late-t discovery, haa
ever, Is that tho gold certificates IT the Trcasl II
a lsc coupterfeltca 10 such an extent Al to Great
H. u. uneastness, which has induced tho Compt1p!lc
.s- OF the Currency Gull on thu National HAnEs
es New York CITY for detailed statement. to
maize On September 5, Of the Items they hare bet
=, accustomed include In thcr "Epectc assets
ii. cntracDg gold cotn gold certldcotes gold check
srl coM and silver bullion. and coin. Thu purpose
on this statement Il gtycn ous By tho department
~ be statistical, but IT Is belie7ed that one Of II
ar | real objects Is to end out the actual amount
It, coin certificates IN circulation, which. It Is su
al prcted, IL great deal than Il shown by Il
n; n; books OF the United States Treasury. TIE
Tt1 eur.sanccs which hare induced the Suspicion
-. large amounts Of spurious Eu!d certificates be!
II circulation asc not catlrelJ Of rcccus daic, b
ent Que OF the most noticeable circumstances
~ tEown In tue last weekly bank s.1
No lnvut Of the New York banks, in viii
1lt appears that, within tue We
oi emitting August ., the sreclc asacta OF tue
III, 1onal lalks Of tnat city only decreased s. Il:
ow. whereas It Il kIown That ts,:4a15d had be
ILL., drawn tnto the Sub-Trcasu1S aaa s!GS,Sn
@ lteu exported, thus showin. that there b
M Sacs6 s4s ct specie, or paper certificates OF spee
Sas come Ito the banks during the week. While Il
knoA n lint a considerable proportion nf ILLS
crs asc Will le accounted for IN actual receipts
c..,1 II Is hclicsed that the Increase Is entirely
lAree 10 be accounted for In that way, anu Il
tutpectet that the statement may develop b
.clf. spurious 8oie eeiAaea1es ~ .as y.
.sr.l l's''As ana also ao Eu'use ue y. eooA'-e VI
,h, lni11ug September the Treasury Departn
d. VIII Iu1e"sAsc *t-''V''"'' VI ~"u"'' ~"
N ot <3,nvc,.~p u geld, On the following Ia:cs:
ri-hrf1A@ES BnSn3.