The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1880-01-15

wide and general considerations and are liz.
hla to be overruled by American speculation
That country hns OF late years. confronted our
MARKET to o great extent, and 1t IL unite possi-
Bile II may force 1t No again tho coming year by
eaa r Tsy wenhe Wa sds q ia
nre liable to be upset by SQUALLS from inc west.
and 1t may be 40 again. but at the moment the
Indications on both aides o. tne hlhhtlc hre ~
favor OF n time of qutstness-perhaps OF dull
ness, -
REGULATIONS GOVERNING THE ISSUE
AND REDEMPTION OF THE CURRENCY
AND COINS OF THE UNITED STATES.
AND THE REDEMPTION OF NATIONAL
BANK NOTES.
We nre indebted to Mr.. John Sherman. Score
tary OF the Treasury. for this valuable circular.
from which we extract the following:
y
.. New United States notes are furnished by
tho Treasurer to others than assistant trea-
snrers only In return for United States notes
unfit for circulation. fractional currency. and
national bunk notes. forwarded to him In com
pliance with those regulations. Exchanges OF
new notes for notes OF other denominations
Rre made only whom tho public convenience re-
auires. Permission must be obtained from the
Treasurer prior 10 forwarding the notes. and
the express charges. both ways, must DO borne
by the owners.
5. New United States notes are not furnished
for certificates Of deposit issued by assistant
treasurers or national bank depositaries. or
for bankers' drafts.
4. United States notes mutllated not to the
extent Of ope-tenth, and fractional notes mutt
lated not to the extent OF one fifth. are redeem
able vt their full face value by the Treasurer
United States.
, 8. United States notes and silver certificates
and fractional notes mutilated to the extent Of
Treasurer of the United States.
6. United States notes and silver certificates
MI lf ilnfaf tina nNfgpt pf DnA-tauth bnf
two tenths. are redeemable at nine-tenths Of
their full face value: two. tenths but not three
three-tenths. but not four-tenths. az seven
tenths of their face value: four tenths. but not
one-half, ut ix-tenths OF their face value,
Fragments, each constituting clearly one-half.
are redeemnble ut one. half the full face value
Of whole notes or certificates.
z Fractional notes mutilated to the extent Of
one fifth but not two hfths. are redeemable mt
four tlfths of their full face value: two-iifths
but not one-half. at three-flfths Of their face
value.
i. Fragments less than half are redeemed
only whom accompanied by an affidavit executed
In accordance with tho requirements Of para
araph nine except yhen they together rot eonst
either from the fragments themselves or from
nm affidavit made Ia conformity to. paragraph
nine. that they are actually parts OF one origi.
nal note or certificate.
o. Notes and certificates mutiated as described
In tho preceding paragraphs. accompanied by
IN affidavit from the owner ana from such other
persons HIS have knowledge of the facts. that the
missing portions have been totally destroyed.
are. II tho proof furnished fs satisfactory, re-
deemed at their full face value The affidavit
must state the cause and manner Of the mutila-
tion aud must DO sworn and subscribed before
an officer qualified to administer oaths. who
must affix his official seal thereto and the char
acter Of tho atlantis must be certified to be good
by u magistrate or other public officer The
Treasurer will exercise such q discretion under
this regulation as may seem to him needfui to
protect the United States from fraud.
10. Fragments not redeemable are rejected
and returned; counterfeit notes are branded
and returned.
ii. Any holder OF national bank notes may
forward or present them 70 the Treasurer OF the
United States for, redemption In sums OF $1,000
"a Notes odualng Or exceeding three lfths Of
their original proportions and bearing the
name OF the bank and tho signature Of one OF
ita officers are redeemed at their full face value
10. Notes Of which less than three-nfths re-
MAN, or from which both signatures are lack.
Ing. are not redeemed by the Treasurer, but
should be presented for redemption to the bank
OF issue.
IA Fragments redeemed by the bank OF Issue
for less than face value are accepted by the
Treasurer only when their valuation Ia equal
to the face value Of a note of some denomina-
ton issued, by the bank; or some mgltlple
thereof, and are delivered to the controller OF
the currency rs notes or such denomination.
The required valuation may be made up of
several tragments Ct notes ss OF the same Or az
more than two -ftfths arc accepted only on proof
that the missing portions have been entirely
destroyed.
il. 1t having been decided that national bank
notes. stolen when unsigned, and put In crcu-
lation with forged signatures, are not obiga-
tory promissory notes Of the banks under sec
ton b1s2 Of the Revised Statutes. they are not
redeemed by the Treasurer.
49, Notes of national banks that have failed.
or gone into voluntary liquidation. are re-
deemed under these rules. IN the same manner
and on tho same terms as United States notes.
Il s3 s rys hs
name and postoflice address. including tho
State the remittance Is retained until the name
and address are furnished. together with
satisfactory description Of the package claimed.
IS. United States notes tract onal currency and
national bank notes should be put up In sepa-
rate packages and be accompanied by separate
letters Of advice. When the amount sent at one
time exceeds eight thousand notes. 1t should be
put M In several packages OF not exceeding
eight thousand notes eacn. marked a, u. y. etc.
respectively
10 United States notes and fractional cur
rency should be assorted by denominations
and put up In paper straps ut least one Inch In
width Strings and rubber bands should not be
used One hundred notes should be placed In
each strap. and the strap should be plainly
marked with the amount and denomination OF
the contents.
20. A letter OF advice. or inventory. describing
the contents by parcels and amounts, and total
footing. written on not less than half a sheet OF
commercial note paper. should be Enclosed with
each package. 1t must give the address o. the
party sending and the disposition to be made
Of the proceeds.
a. The package thus prepared II sent By
express. should be sealed up In stout paper and
addressed to the Treasurer OF the United
States. It should be plainly marked on the out
side with the owners name and full address.
the amount inclosed and the nature Of the con-
tents whether United States notes. fractional
currency or national bank notes.-the DISPOSE
ton 10 DO made Of the proceeds, and that 1t Is
forwarded under government contract. II such
be the case
a. All remittances Of money by mail for re-
demption nj st be addressed to the Treasurer
Of the United States Washington. d. O."
49, 1t is the duty of postmasters to register
free Of charge all letters containing currency OF
the United States addressed to the Treasurer
for redemption. on which the postage has been
fully prepaid. and all letters containing. new
currency returned by him therefor. Il is re-
commended that all such letters be registered
as a protection against loss.
"a Remttances to the Treasurer by mail are
invariably at the risk of the owners All COM
munications to the Treasurer. in regard to
packages lost In transmission by mail. are re-
ferrei for Investigation to the Second Assist
ant Postmaster General. to whom any subse-
quent inquiry on this subject should be adj
dressed
25. The Treasurer of the United States. upon
the receipt OF an original certificate Of deposit.
issued by the Assistant Treasurer In New York.
stating that there has been deposited with him
~ in the of 500 nj