The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1874-07-04
Mn,ilatcd Currency.
WAsnINGroN, July

WAsHINGToN, July 3.
A circular was issued to-day from the
treasury department prescribing regulations
governing the redemption of National bank
notes. Notes Of National banks other than
gold banks may be forwarded to the
treasurer Of the United States for redemp-
ton under a government contract with the
Adams Express company, in sums Of one
thousand dollars or any multiple thereof
by any person, company, firm or corpora
ton situated within the territory covered
contract Remittances may he made up o.
notes of various denominations and should
be marked "under government contract
with Adams Express company. From the
point of connection with that the charges
should be prepaid 10 that point, and bills
therefor should be sent to the treasurer for
reimbursement to consign0rs. itemittances
of any other amounts than even mutiples
of one thousand dollars will not be received
under the government contract, but charges
thereon must be paid by the consignors.
Assistant treasurer designated deposit
aries of the United States will select from
the funds in their custody and from those
which shall hereafter or received by them
Ill notes of national banks other than cold
banks which are worn, defaced, mutilated
OF Otherwise unfit for circulation, and will
forward them to the treasurer from time
to time under government. contract with
Adams Express company, when practicable
81 900 or an even multiple thereof, notes
equaling or exceeding thrce-liflhs of their
original proportions if in such condition
that their genuineness can be clearly as
certained and if the names of the bank and
signature of one Of its officers are dlstin-
guishible will be redeemed for their full
face value.
Fragments less than three-tifts will be
redeemed by the treasurer, but should be
presented for redemption to banks 10y which
the notes were issued Should such frag-
mcnts as those last mentioned be received
by the treasurer, they will be returned TO
/ parties by whom they were forwarded.
The government contract with Adams
express company extends to and includes
all points within the United States, ac-
ccssblc through established express lines,
reached 10y continuous railway connection,
/ but docs not extend westward beyond
Omaha and Nebraska city, in Nebraska,
| Atchison and Lcavcnworth in Kansas. nor
| include lines of Wells, Fargo Il Go. in
| Missouri and Iowa
The contract covers the lines of the fol-
! lowing express companies Adams, Ameri-
can, Merchants Union, Central, Earl's,
Eastern, Handlers, Towards National,
\. J. Southern, Union, United States, and
United States and Canada.
Returns for remittances from private
parties will in all cases be made by express
to parties from whom bank notes have
been received in new legal tender notes or
fractional currency Of such denomination
as may be asked for.
Proceeds of millions from the assistant
treasurer and designated depositors, will be
placed to their credit in the general ac-
count, unless request shall accompany
the remittance, that returns he made in
new legsl tender notes, or fractional cur
rency.
The regulations also contain explicit in
structions regarding the manner of encos-
ing and sending notes Packages must be
put up in boxes or in wrappers of stout
paper or cloth, tied with string or twine
secured by careful sealing and plainly
marked on the outside, with the amount
and nature of the contents, iull name and
postoflicc address OF consignor, and tho
fact that they are forwarded under gov
eminent contract with Adams express
company. A letter of advice, written OF
not less than one half sheet OF commercial
note paper must be put on the inside of thu
package and a duplicate letter should b,
sent by mail TO the TREASURER, on the da,
that the remittance is forwarded.