, 1873-09-20

Circular from tho Treasury Depart
lncnt, ConcernlnE The Proposed
Change In Par OF Exchnngc-.Harse
Imcrcnae in Revenue Receipts the
Current Fiscal Ecar--Dcninl OF the
Statement N1udo in Beln1R Of E1ar-
persH Chief Ctcrik.
Special Dispatch to Tbs Chicago Tribune.
THE POUND HrEnL1An AND PAn OF EXCHANGE.
WAs111Naroa, D. O., Sept l9.-An important circu-
1ar to Importers exchange Dealers aud tue public gen.
orally issued by tho Secretary Of the Treasury to-
day. inviting attention to the net pasHed at the Inst
Congress- to establish tho Custou-uouec value OF tho
sovereign pound sterling Of Great Britain, anu to
FIX tho par Of exchange. Th8 Is particularly worthy OF
attention with reforcneo to tho effect OF tho lazy On
changes which VIII become necessary by la pcrompo-
r. prohibition after tho close Of the preen year, OF
VI ~it sss TIT oouutry % The seoseary staes that
when, truth, there is noher pro!um nor discount
by any nw exchange with Great Britain appears perma-
silently againat the United satos whilo our bonls arc
Ss ses 9aa Ths reey
The Of TIE fase par 1r Santon q ", te
Is 10 70 obsorvo that while tho act positively gso.
hiba contracts based upon tho falao It preaorlbea
Fe for the quotation os sterling exchange ~ oo OF toe
s'Dst psea tho M prsstise essst Il dealings VIZ w
olsas e pe1asnsse gsss Is atsd unvo!sa
cont In tlis case to quote tho money Of our country
| ngainHt the money Of other countrtos, Thus On
FrAnc1 and tho frnuca countres, exchange e "
frauca and conti1es to tho dollar; on Prussia In
and Oh. In reforming our practice with Hrcas
Driain, 1t will bo juaicious to adop tho Same uethod
quoting o1chnngo either in doara and cents TO tno
pound sterling, or IN pence anu tracl!ohs 10 tsl9
| dollar. In tito bpanfah American States, anu
In CHINA 1t Ia customary to quote exchange on afcat
britain iu ponce to the dollar but for tho unlteu
States The Secretary Recommended quotations IN aol.
laya and cents to tho pound auri!ng. Tho laW while
prescribing o close Of tho pruso year Gil tho time Tor
The scoutlnuanco Of tue old ratng of e1change aoes
not prohibit, but rattr invites a eaFl!er chaoRo IN
pyactico In order to ayo!1 tho inconyonouc!ce o.
| Iostrononcnt to tho lnat 1nouent. The scofetary
recommends that Tho chnuga be entered u1on at once
norius Of tabos enlpodylns uaelal 'ntosr nnnr
those iu q position 10 gnso ho Introducing OF tht
| changes demanded by tho law, tho Importance ol
acting promptly tht by conference and interchahBt
OF yloWa agrueloht Hay 10 roacAea a ~ tAe ios
c0pyep!cnt tihlu a1,l 1nall1ier Of esecttng thoH'
| THE nEoKIrTs FloM INTERNAL, nEsEAups
eaco the beginning Of tho o1rrnt fiscal year. cxcect
hoao Of the corresponding period lat year by nou
oo0 Reports from tho various alaftcfs ala :
lis eiiout thRt grain IL coming III rapidly. and tue ds
| tlcEiys Aayo resumed, Or aro abnnt ~ fesunle
work. Tho effect upon The ro'cnnn III ,Ie31 oon
sequence Of this resumption WIZ AEs r.,
Indications pre beloved 10 he, that there will bo cul
leood this year larger revenue from datillo1s ah
thnIr products than has lcon received from ulos
SOURCES III any OF thu preceding FUR or NV yenrs.
THE ALtEuED PERSECUTION or HAnrEAs oLEhK:
Tho Commissioner of Internal a&cveuuo de1lcn tha
there IT, or over hna beeu ~ alleged, N a1lit4F4t
Ale u hiE hu1eau, made by alr. amltl. taa cosk