The Leavenworth weekly times. [volume] (Leavenworth, Kan.) 1870-1880, 1879-09-25
GOLD SUItTLGS.

Too Much Gold Having Accumulated
In the Treasury. IL has Become Nee
essary 10 shove Little into Circu-
lation.
WASHINGTON, d. c., Sept. 19.-Tuesday
it was stated that on account o. the large
accumulation of gold coin in the treasury,
that arrangements were being made where
by gold and silver coin might be exchanged
for United States notes at the several sub.
treasures. Since mat announcement ii has
been discovered that the existing law pro-
hibi;s the exchange Of coin for legal tender
notes at any sub-treasury other than New
York. The order, therefore, has been pre-
pared so az to conform with the provisions
contained in the Resumption act.
The text Of the circular is as follows:
TREASURE DEPARTMENT, WASHINGTON, d. C.
Gold coin beyond the needs of the gov.
eminent having accumulated in the treas
ury of the United States BY depositin,
several public assay offices of fine bar and
foreign coin, for which depositors have
been paid at their option in United States
notes, the Treasurer Of the United States
and the several assistant treasurers at
Boston, New York, Philadelphia, Balti-
more Cincinnati, Chicago, St. Louis, New
Orleans and San Francisco, are hereby
authorized to pay out gold coin as we'll as
silver coin and notes upon advances OF dis
bursing Offices, as may be convenient and
practicable. Transfers OF coin for this
purpose will be made to any assistant
treasurer when necessary or the Treasurer
of the United States upon application to
him.
The Treasurer of the United States in this
city, upon receipt BY him of a certificate OF
deposit issued by the United States Assis-
tant Treasurer, at New York. stating that
there has been deposited with him legal
tender notes on the sum OF one hundred
dollars, or multiple thereof, will also cause
to be shipped from the mint at Philadel-
phia to the deposition, at his risk and ex-
pense, like sum Of gold coin.
Standard silver dollars may also be OBJ.
tanned as heretofore.
The exchange Of gold coin FOR United
States notes, at the several sub-tressury
Offices, except At New York, appears TO be
prohibited BY section 365l, revised statutes
Of the United States, but it is believed that
the payments oil coin "a ABOVE authorized
will enable persons to secure all that may
be desired. [Signed
JOHN sHERNAN, Sec'y.
Section 3,651, revised statute, provides
that no exchange of funds shall be made
BY any disbursing officer or agent of the
government Of any grade or denomination
whatsoever, or connected with any branch
Of the public service, other than an ex-
change for gold. silver, United States
notes and national bank notes: and every
such disbursing officer when the means for
his disbursement are furnished to him in
gold, silver, United States notes or national
bank notes, shall make his payments in tie
monies so furnished, or when they are
furnished to him in drafts, shall cause
these drafts to be presented at their plae .
of payment and properly paid accord
ing to law and shsll make his
payments in the monies 90 received
for drafts furnished, unless in either case
he can exchange the means in his hands
fW gold and silver at par; and it shall be
the duty Of the bead Of the proper depart
ment Immediately to suspend from duty