The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-04-21
SILVER CURRENCY.
PAYMENTS AT THE sUB-TRKAsURy-TES THOU
SAND DOLLARS DISGUISED.


SAND DOLLARS DIsBURsED.
In pursuance Of tho notice previously given crowd
OF enterprisng citizens assembled in the vicinity Of tho
subTrcasury yesterday for the purpose OF obtaining
for fractional currency It's equivalent in silver coin.
The prospect Of the experiment of thus facilitating
tho resumption OF specie payments has already been
fully discussed. As might have been expected, the
work OF paying In small amounts was necessarily
slow and consequently nj early hour the oper
alton robbed Of all excitement In the nrst place
It wis determined 10 redeem no sum exceeding 300 nc
each presentation, and one OF the conditions was that
the currency should be sorted by denominations and
be offered In less than S. or In mulsipies
thereof Mr.. White, tho cashier, anticipating rush,
detailed additional clerks 10 meet the emergency The
utmost regularity and dccorum marked the proceed
ngs from the beginning. The first payment was
made TO the messenger Of the Chamber Of Commerce,
and It's amount was 500. Very few incidents worthy
cants frelgh,ed with their currency, formed
in limo and patiently awaited their turn to
substitute Tie arrangements were admirable, and
confusion there was The quaint old lady, with
her re,cue and the lager beer man. with his lat hand
In his trousers pocket were treated with equal
courtesy and consideration Indeed, there would have
been much cagcrncss displayed by the first night
visitors to new play. In some instances the regula-
tons were complied with and after gong through
tho process which would cntitle qualified applicant 10
Of nsng com that now ana sasn
the short that sly counterfeit had
invcglcd itself into bundle Of honest currency This,
OF course occasioncd delay aud many after occupying
great deal OF time IN front Of the payer desk silently
stole away, The prospective milonnaires Whiting with
longing aspirations Throughout the day. IRON ten
O'Clock until three, there probably three hundred
persons IN line; but owing to the surroundings
progress was not ms rapid rs might generally
be imagined The clerks assigned TO duty leit
nothing undonc their part, facilitating
tho Of their ability the resumption OF specie
payments Certain rules, however, had 10 he COM
piled with. and future disbursements will doubtless be
more rapidly made. Al noon about 50, 900 IL silver
had been paid out Most ofthc applicants who pro-
scented themselves at early stage asked fer the re-
demption of tho full amount allowcd-namey, 500,
and consequently the precious metal was disposed Of
more rapidly than in the afternoon when numerous
cusiosty seekers asserted their claims. Altogether
tho distribution OF silver coin in return Tor It's equiv
alent currency not marked by any special
features Of excitement moro than that some OF tho
applicants expected TO take time by tho ioreock,
whilc others anticipated pleasure from the deght-
full vision which TO some the music giving coin pre-
scnts Payments ceased At three O'Clock, and ut that
hour $1,000 Ind been paid out TO $50 applicants To-
the clerks will again resume their laoors and bus
ness will be much facilitated applicants comply with
the necessary regulations.