New-York tribune., 1870-10-03
DISTRIBUTION OF NOTES AND CURRENCY.

WAsHINGTON, Oct. 1.-The United States
Treasurer Issued to-day important circular respecting
the distribution Of United States notes Of the series of
1862 and fractional currency to replace the legal
tender notes Of former issues remaining In circulation
The holders Of former issues are permitted to forward
a contract with Adams Express Company In sums Of 900
and not exceeding O or am an even I've IHPe SaeTeE %
new notes. fractional currency, or In checks ON Bos
ton Philadelphia, New-YOrk, or NewOrleans. The AS
sstant Treasures and designated depositores other
than the National Banks Will forward IN the same man
ner for exchange or FOR credit on account In this
would be likely to reduce the Treasury balance too
greatly a remittance OF notes will be forwarded
from the reasurers Office on requisiOn therefor III ad
vance of the receipt old notes Assistant Treasurers
and designated repositories, III reporting statements OF
liabilities and assets United States notes OF the Of
1869, and bank notes hand, in making requisi-
tons notes. VIII observe the following classlfca-
ton 500 and 81 Oco notes viii be classified large"
notes $50 and 800 notes as mediums IS and $40 and
SO notes small" and 81 and 81 notes as ones and
wos" The aggregate of United states notes OF former
issues on hand will be reported separately in one
item United States notes OF old ISSUES"
and national banks designated as Repositories,
will redeem in notes Of series of 1859, when
tinted States notes Of former issues not too mutlated.
to be subject to discount presented Tor that pur
anesed 10 forward Treasurer in proper amounts
for redemption exchange, or credit as desired United
ON Governmcnt account whenever doing will not
embarrass their business; Hereafter, new notes
Gates Of the deposit of other United States notes
with Assistant and designated repositories or
the United states other than is provided in circular
No g. 1869 and for bankers drafts Boston, NewY0rk
Philadeph and Washington national banks, payable
In United States notes, will be sent by express under the
Government contract at the expense of the Depart
ment, subject 10 the above restrictions as 70 the
amounts OF the remittance. The notes will
continue to be sent at the expense OF the De
partment heretofore when desired, in ex-
change defaced and mutilated fractional currency
and for circulating notes Of national banks which have
failed or gone into voluntary liquidation, forwarded IN
proper amounts to the Treasurer for redemption The
new notes Will in be furnished In exchange for
notes of national banks which have not failed into
noes or for certificates OF deposit Issued by depository
national baks for certificates OF deposit issued BY
Assistant Treasures and designated Repositories OF the
United states which do not expressly state that the de-
posits consisted OF United States notes New fractional
currency WIN be forwarded by express from the Treas
urer's office, under Government contract with Adams
Express Company, TO any point within the territory
by that contract, at the expense OF the De
partment, to the amount OF $500 or more but not
exceeding 1900. or an even multiple thereof by
less than $780, the following terms yz In return Tor
mutiaed and defaeed fractional currency, and United
States notes Of series OF 1862 United States notes Oh
former issues whether mutated OF not, and notes OF
banks which have failed gone into liquidation; ON the
receipt OF certificates OF deposit 10 the credit OF the
Treasurer OF the United states, issued by Asss'ah.
Treasurers and designated repositories oi the
United States, and national banks designated as as
depositorics; and on the receipt ana soileyuIsh ys
OF drafts ON banks and bankers III Boston, New YORK.
Philadelphia, and Washington. The Government con,
tract with Adamss Express extends to and includes al
points accessible through established express lines,
reached by continuous railway connections within tne
United States. but does not extend beyond 81.
Paul, Mimi, in that direction. The restilctions
TO the amounts OF remittances which may De
made AT the expense of the Department under
this circular extend all rCmittances To or fro the
Treasurer under the Government contract Win Auuns
Coz and been prescribed for the reason that any
fraction of 81 900 forwarded under that contract Is
charged $1,000. Whenever any remittance less tnau
$500 Is forwarded from to the Treasurer uhaer ee
tract the amount OF the express charges theeon Nv
contract rates, Is deducted from the remittance on
the return thereof ut the Treasurers once, anu
similar reduction Ia made for excess less thah sw
oyer 1000 multiple thereof Ihe apoEe ies
affct the right postmasters, COLLECTORS
OF internal revenue aud their deputies 10 forward ed
States currency by express the Treasurer for redep
ton In sums Sl0O or more. at the expense OF te De
partment under circular No. L. 1902 All packages ioi
warded under the contract should be plainly MARKED
" Forwarded under Government contract WIN ADAMS
Ia press Company"