The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1879-09-20
WASHINGTON.
Our surplus GOId-IIOW and whore You
Can Obtain Il In Exchange for Legal
Tender Notes.

Il WAshlNuToNJ september 4u,-On 4ues
dayit was stated that on account Of Ii
large accumulation Of gold coin in tn
Treasury, arrangements were being mad
whereby gold and silver coin might be ex
changed for U. s. notes at the severa
sub.treasurieS. Since that announcement
1t has been discovered that an existinj
law prohibits the exchange Of coin foi
legal tender notes at any sub.treasurN
other than that OF New York. The ordei
therefore has been prepared 80 as to con
form with the provisions contained in thC
resumption act. The text OF the circular
is as follows:
TREASURY DEPARTMENT, |
WASHINGTON, D. O., Sept. 10, !
Gold coin beyond the needs of the gov
ernment having accumulated In the
Treasury Of the United States by the dc.
post In several public essay offices OF fine
bars and foreign coin, for which deposi.
tors have been paid, at their option, in U.
s. notes, the Treasurer of the United
States, and the several Assistant Treas.
1rers at Boston, New York, Philadelphia,
Baltimore, Cincinnati, Chicago, st. Louis,
New Orleans and San Francisco, are
hereby authorized to pay out gold coin as
well as silver coin, and notes upon cur.
rent obligations Of the government, and
upon advances to disbursing officers, as
may be convenient and practicable.
Transfers Of coin for this purpose will be
made to any Assistant Treasurer, when
necessary, by the Treasurer Of the United
States upon application to him.
Tho aTHaaa,1rnH ~ t6n TTafkaJ Ukaln.. =.
this city, upon receipt by him OF certif-
cate OF deposit issued by the United States
Assistant Treasurer at New York, stating
that there has been deposited with him
legal tender notes In the sum Of one hun
dred dollars and dmulhplies thereof, will al.
so caused to be shipped from the mint at
Philadelphia to the depositor ut his risk
and expense like amount OF gold coin.
The standard silver dollars may also be OBJ
tanned as heretofore. IF .g
The exchange Of gold coin for United
States notes at the several sub. Treasury
Offices, except at New York, appears to be
prohibited by section 1851 OF the Re-
vised Statutes OF the United States, but il
is believed that the payment Of coin, us
above authorized, will enable persons to
secure all that may be desired.
[Signedl JoHN SHERMAN,
Secretary
Section 1851 Of the revised statutes pro.
vides that mo exchange Of funds shall be
made by any disbursing officer or agent OF
the Government, OF any grade or denomi.
nation whatsoever, or connected with any
branch Of the public service other than an
exchange for gold, silver, U. S. notes and
National bank notes, and every such dis
bursting officer, when means for his dis
bursements are furnished to him in gold,
silver, U. s. notes or National bank notes,
shall make his payments in moneys so
furnished, or when they are fur
nished to him in drafts shall cause
these drafts to be presented
ut their place Of payment and properly
paid according to law, and shall make his
payments in money so received for drafts
furnished, unless In either case he can ex-
change the means in his hands for gold
and silver; and it shall be the duty Of the
head OF the proper department immedi.
ately to'suspend from duty anEdisbursing
officer or agent who violates the provisions
OF this section, and forthwith to report
the name OF the officer or agent to the
President, with the fact OF the violation
and all the circumstances accompanying
the same and within the knowledge OF
the Secretary, to the end that such officer
or agent may be promptly removed from
office or restored to his trust and perform.
ance OF his duties, as the President may
deem just and proper.