Millheim Journal. [volume] (Millheim, Pa.) 1876-1984, 1882-12-07
The New Gold Certificates.

Assistant United States Treasurer
Thomas q. Acton sat in his private
room in the Sub-Treasury Building,
New York, making money at the rate OF
$50, 900 minute. That is, he was sign
ing new gold certificates of the denOmi-
nation of $10,0 900 at the rate of at least
three every minute. These new gold
certificates are sent to Mr.. Acton from
Washington bearing the engraved fac
simile signature of United States Treas
urer Glltillan and B. X. Bruce, Register
of the Treasury. The autograph sigma
ture of MIR. Acton completes them and
makes them negotiable. The certih-
Gates are printed on the very finest
quality of bank-note paper and are about
the size of an ordinary United States
Treasury note. On the face of each
certificate is the following language:-
''Ten thousand (or whateyer the denomi-
nation may be- dollars of gold coin have
been deposited in the Treasury of the
United States. That sum is repayable
in gold coin on demand on the presenta-
ton hereof at the office of the United
States Assistant Treasurer at New York
city," The certificates are issued in
demon nations of $40, $50, 500, $500,
81 900, So, 900, and 1000. The backs
OF the notes are printed in dali vermil-
ION color and have a heavy border of
fine scroll and flower work, which sur
rounds the large figures indi eating the
denomination of the note, and picture
of an American flag partially unfurled.
Each certificate has Upon its face finely
executed stcll-engraved portrait The
$40 notes have picture of General Gar
field the $50 notes, a picture of Silas
Wright; the $l0Os, Thomas Benton !;
the $50Us, Abraham Lincoln the 81,
COOS, Alexander Hamilton the 50, 0O0s,
James Madison and the $I0,000s,
Andrew jackson. Up to o'clock yes
terday afternoon Mr.. Acton had signed
10, 900 certificates, representing $44,
600, 900, aud since the certificates were
issued about So, 900, 900 have been paid
out, mostly for Clearing House business.
The officers at the Sub-Treasury say
that they cannot possibly exchange
more than q million OF dollars per day,
az they are obliged to test, by weight,
every bag of gold that is presented. More
than 500, 900 In gold was exchanged
for gold certificates yesterday. Thus far
the demand has been chiefly for notes
of large denominations. Mr.. Acton
signed 100000 of $4,000 certifi-
Gates yesterday. There has been no
call whatever for the $40 certificates.
The testing of the gold coin which Is
offered daly at the Sub-Treasury shows
that there Is u constant loss III weight.
One lot OF gold coin of the value of
$500, 900 was weighed day or two ago
and found TO be $500 short i'll weight,
which amount had to be made good be-
fore the desired gold certificates would
be issued. MIR. Floyd. OF the Sub-Treas-
ury, stated to reporter that the gold
certificates were already regarded as a
very great convenience. They are not
only good thing for Us, he said 'but
they are an immense convenience to the
business community" Instead OF cart
ing around several pounds of coin rep
resenting $I00,0J0, man may now
simply put ten of these little $40, 900
notes In his vest pocket and walk about
with them without the slightest per-
sonal inconvenience. These certih
Gates, itiis said, VIII very much facilitate
the Clearing House business.