The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-07-04
WASHINGTON.
Minister Jewell Appointed Post
master General
THE FIVE PER CENT LOAN
The Process Of Redeeming Ma
tiOnal Bank Notes.

WASHINGTON, July 8, Is74
Treasury Regulations for the Redemp-
ton OF National Bank Notes.
circular was issued to-day from the Treasury
Department prescribing regulations governing the
redemption OF national bank notes. The notes OF
national banks other than gold banks may be for
warded to the Treasurer OF the United States for
redemption under the government contract with
the Adams Express Company, IN sums OF $1,000 or
any multiple thereof. by any person. company, firm
or corporation situated within the territory COW
cred by the contract. Remittances may be made up
OF the notes OF various denominations from banks
and other parties situated without the territory
covered by the contract, and should be marked
"Under government contract with the Adams. Ex-
press Company, from -" the point Of conIec-
ton with the company. The charges should be
prepaid TO that point, and tine bills therefor
should be sent to the Treasurer Tor reimbursement
to the consignors. Remittances OF any other
amounts than even mulLipies or $1,000 viii
not be received under government con-
tract, but the charges thereon must be
paid by the cOnsignors. Assistant treasurers
and designated depositaries OF the United States
Will select from the funds in their custody and
from those which shall hereafter be received by
them all notes OF national banks other than gold
banks which are worn, deaced, mutilated or
them to the Treasurer from time TO time under the
government contract with the Adams Express Com
pany. When practicable. the remttances should
be made IN sums OF $1,000 or an even multiple
thereof Notes equalling or exceeding three-hfths
OF their original proportions. II in such condition
that their commences can be clearly ascertained
and II the name OF the Dank and the signature OF
one Of Its officers are distnguishable, Will be re-
deemed Tor their iull lace value. Fragments less
than three-fths will not be redeemed by the
Treasurer, but should be presented for redemp-
zion to the banks by which the notes were
issued. Should such fragments those
J last mentioned be received by the Treas
urer they will be returned to the parties by
whom they were forwarded. The government con-
tract with the Adams Express Company extends
and includes all points within the United States
accessible through established express lines,
reached by continuous railways connection" but
does not extend westward beyond Omaha and
| Nebraska City, In Nebraska, and Atchison and
Leavenworth, In Kansas. nor include the lines Of
Wells. Fargo Co. In Missouri and Iowa. The
contract covers the lines OF the following express
companies Adams, American Merchants
Union. Central. Earl's. Eastern, Harnden's, Hope,
Towards, National New Jersey Southern, Union,
United States, and United States in Canada. Re.
turns for remttances from private parties will IN
all cases be made by express to parties from whom
| the bank notes have been received In ne W legal
tender notes or fractional currency OF such de-
nominations as may be asked for. The
proceeds OF remittances from assistant trea
surers and designated depostaries will be
! placed to their credit in the general account
unless request shall accompany the remittance
that return be made in new legal tender notes
Or fractional currency.
The regulations also contain explicit instructions
regarding the manner OF enclosing and sending
the notes. The packages must be put up in DOxe:
or in wrappers OF stout paper or CLOTH tied by
strong twine secured by careful sealing and plainly
marked on the outside with the amount and ma
ture OF the contents, the full name and post ofce
address OF the cOnsiGnor and the fact that they
are forwarded under the government contract with
the Adams Express Company. letter OF ad
vice, written on not less than half sheet OF com
mercal note paper. must be put inside the pack
age, and duplicate letter should be sent by mai
to the Treasurer the day that the remittance is
forwarded.
Secretary Brfstow's Management OF the
Five Per Cent Loan.
General BristOw had hardly realized that he was
Secretary Of the Treasury when an avalanche Of
money changers came down upon him with all
manner OF propositions to take the remainder OF
the ave per cent loan, amounting now to q little
over SITS, 100000. 1t was expected he would
readily accept 9 fair offer, but when he found
capitalists SO eager 10 purchase bonds OF the
funded loan he resolved not TO accept any bid,
but to address q circular letter to all
the we'll known bankers in this country setting
forth what amount Of bonds remained to be taken
and inviting proposals for the bonds unsold It
will be several weeks before the Secretary win ex.
anime the answers. Addiction in his family calls
him to Louisville, where he will remain for ten
days. but upon his return, having got through
with the labor OF reducing unnecessary expenses
and dispensing with the services OF clerks unpr0
vded for by law, he will now devote his attention
to finance and an Improvement Of our national
credit.
Appointments in the Treasury Depart
! ment.
Secretary Brstow to-day announced the follow
ing appointments OF principal clerks in charge O
the divisions In the ONCE OF the Secretary OF the
Treasury :--Customs, II. B. James; Navigation
d. Lyman; Appointments, II. S. Vanderbilt; Inter
nal Revenue, E. p Gaines; Stationery and Blanks
A. L. Sturtevant; Warrants and Appropriations
R. II. T. Leopold; Loans, j. p. BigelOw; Revenue
Marine, s. J. KlmDal. Also the following assist
ant clerks Navigation, 7. B. Sanders Appoint
mentA /. G. Martin: Stationery and Blanks.
Charles Lyman; Warrants and Appropriations,
H. @. whiting; Loans, DAME! Baker; Revenue
Marine, z. W. Clark; currency. Charles II. Brown,
Independent Treasury. E. B. Dackam. The division
OF Independent Treasury has been consolidated
with that Of warrants and appropriations and the
division of currency with that OF loans. Mr..
Dackam an assistant clerk will manage the indie
pendent Treasury Affairs, and Mr.. Brown those OF
what was formerly the currency division.
Minister Jewell To He Postmaster Gem
eral-His Return from st. Petersburg
I'm August.
When, on wednesday, Representative Hale
withdrew his acceptance of the Postmaster Gen
eralship; the President rendered the appointment
to Minister Jewell but IT was not until late this
from him signifying his acceptance. The Pres.
dent on the resignation OF Mr.. Creswei, ex
pressed to friend that he intended the appointee