The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1870-10-01
FROM WASHINGTON.
Distribution OF United states Notes.


WASHINGTON, Oct. 1.-The United States Trea-
surer issued to-day important circular respecting
the distribution OF United States notes OF the series
OF 1869, and the new fractional currency to replace
the legaltender notes OF former issues remaining in
circulation. The holders of former issues are per-
mited TO forward them by express to the Treasurer
for redemption, under contract with the Adams
Express Company in sums OF $500, not exceeding
$1,000 or an even multiple thereof by less than $500
Returns will be promptly made in new notes, new
fractional currency, or in checks on Boston, Phla-
delpha, New York, or New Orleans. Assistant Trea-
tional banks will forward in the same manner for
exchange or for credit on account In case this
would be likely to reduce the treasurers balance too
greatly, remittance of new notes will be forwarded
from the Treasurers office requistion therefor,
in advance OF receipt OF old notes.
The assistant treasurers and designated deposit
taries, in reporting statements OF liabilities and
assets United States notes OF series 1862 and ma
tlonal bank notes on hand and In making requisi-
tions for new notes, will observe the following cassi
cation:-s5e0 and $1,000 notes will be classified as
large" notes, $50 and 500 notes as medium, IS
and 500 notes as smal, and 81 and 81 notes as sls
and SIS.
The aggregate United States notes OF former
issues on hand will be reported separately in one
item as United States notes of old issues. The AS
sistant Treasurers and designate depostaries and
deem in notes OF the series of 1869, whenever they
have sufficient supply on hand, all United States
notes OF former issues not so much mutilated as to
be subject to discount presented for that purpose.
National banks designated as depositares are re-
guested to forward TO the Treasurer in proper
amounts for redemption, exchange, or credit as
desired, United States notes OF former
issues received by them on Government
account whenever so doing will not embarrass their
business Hereafter new notes forwarded from this
office in return for certificates OF the deposit OF
other United States notes with assistant treasurers
and designated depositares OF the United States
other than as provided in Circular OF 1862 and for
bankers drafts Boston, New York, Philadelphia,
and Washington national banks payable in United
States notes viii be sent by express under the Gov
erpment contract at the expense OF the department.
subject TO the above restrictions as to the amounts
OF the remittance.
The notes will continue to be sent at the expense
OF the department. as heretofore, when desired, in
exchange for defaced and mutilated fractional cur
rency and for circulating notes OF national banks
which have failed or gone into voluntary liquida-
ion, forwarded in proper amounts to the Treasurer
for redemption.
The new notes will in no case be furnished in ex-
change for notes OF national banks which have not
failed gone into liquidation, or for drafts not
payable in legal-tender notes. or for certificates OF
deposit issued by depositary national banks, or for
certificates OF deposit issued by assistant treasurers
and designated depositaries OF the Unted States,
which do not expressly state that the deposits con-
sisted Of United States notes.