New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-09-12
THE NEW TREASURY NOTES
AN EFFORT MAKING TO SHOW THAT THEY HAVE
nEEN LARGELY REDEEMED SOON AFTER
,curr THE FACTS IN TIE CASE.

1ssuE-THE FACTS IN THE CASE.
w.s,,rotor Sent. II (speciaD-An effort Is being
od in some quarters to throw discredit upon inc nc"
notes issued under authority OF tue lie" o'e
Law nv making 1t appear that large propo'"on VI
these notes have been redeemed ana pun w. Va ~
Iat,on thus soon after their issue ono VI ''o PAN
% +h,s effort is the NewYork frmiof Dow. Jones va
financial news agents. which recently h'uc" !" ~.
subscribers circular. Of which the io'io"''e "
II has been openly charged that an 'io'' ~, -
~ "a d,.crcdt the new Treasury notes issueu III P"'
,nept nf silver bullion In word. the idea was " np
the notes out Of circulation oy icoeemhs N =, .n.r
Tbis has been DONE il shown ny thc sr''' " 49,,
4, the country on September /, 1890 Inc lrrs'u! NV
uod under the act OF July II, 1so-that 49, INC NV
votes issued in payment Of silver bullio2-aha All 'N
from August 49, 1890. to AuGu't 81 or fInNr" Wy.
were So 600 COO OF this amount s-'-' a.. ooo T.,
deemed presumably in gold. leaving oh'! 7i'o'o,
circulation 6lSG per cent Vi 1i' III" ~
chan ged ia eighteen days 49, ru -.
4 c0py Of that circular reached senator ienu'' Va
Co,orado and he sent it to the secretary oi wv A
urv with a letter, asking to lie advised "'c'"e, u"
no,es have been rendered by individuals UT ''io"A''
the National banh,, and what aihouh. Va ~. ~
loon redeemed in gold secretary Window reier'co .o
matter to the United states Treasurer anu wv '
renli.d 10 senator Teller last Moud;y aS ioho"s'
II, rc,l1 TO the tcno, OF circular above ciIu. u"
to state that tho only information mat h'S a ,h
Office that remotely has Tendency W ' r,,,,n,
mt, of
I;ecord, OF August - last in an article h'au'u ns
uuund.r commenting uyoa a circular pnrpor'hg 10 nav
been issued by cashier OF the Ne"'1o iA o'"
which reads follows: ...,.
CHECKS on the Assistant Treasurer of the tnita saeS
+, uayment Of silver bullion purchased at The hl'cu ''
mint. beur pa,ablc only In the new iH>" oil Ir'N"'
,o,.s should b. presented at tn counter OIL '"' '"'
Treasury and through tho Exchange .,., >,
The attention Of thu Nrw.York Ollie" was o. o"c '"
tho subject OF the circular and appears to have ph u"
in wi
n, these notes should carried ont. ana subsequent cor
re- pondcnce with that office finally se''" GOWN " Wv '
that IL done to saN" time. ana ~ ner' ~ "
coming and conr, rcd the Internal management
:. ,h ocicc thct, having nothing whatever ~ DO with
IN. out side. hubble The NewYok Clearing House has
never at any declined to accept tn" n"- IN '',''''
=, ,,s h,,,nc.. The, also accept tn" MINIS bullion
checks without discrimination. and these are ''''u Nj
the same manner a. any other exchanges
submit l.om the monthly report OF the kind OF paw
m.n,s by the SubTrca-urr in settlement oil ''aHhs
House balances Tor the month Of August last 800 an ~
,, &, cd fl3 1hs noo ~
Paid In Treasury notes Is3O..........'... -o''7.o ",
sIj?ot aaG 20
You viii pcrcc,e at once that thcs" notes w"r" "'
r.,,d in mart payment ra'ly as they ""f" r'''N''
49, ,suo hr th. Xrv.York oiirr aud without question
=, couuent a. Tar ~ IAN be- learned al h'- ""'
TIL. intnation ust these n9t' were ~" ~
and tah,n cut Of circulation s'"n ai'"f '''' - e., 81
sustained by the facts. the ONLY d'ho"''"' ''"'
from ne
nr..ent time at. 300 and .l,c0o, AID Of these '' wv"
issue dat, n s,,n, n .,
~ 800 ...-''''''.' '. 49,. .'o' ~"
t1.1o.,o
r,.,. VA, In IN. Nrw.l onlc" for t.rI'ht us' VA
8, 5,o 3co-l.a,l ne In circulation -. i6'' 90
TIN. amount shown b" IN cii ratioh j. f'RA''" "
yc,y .pcouragng III" ~nr'"'- ~ ~" n" h">
concerned when II j. cons ID hat lar" pr p't'"
. ,h ii 600 dc,orira los md III can on p' 'N'""'
-, Ia u.,d In ,ayin, oi a,Ge hanh IA anc'. ~ -ho'
M, therefore, excite .uTIr.s" TIA they. Rom th' 80
should not get into c'n.ra cironlat or and ia we" o' IN
fac. also that III. rr,srn, ii AID hy Ia" o"''
~ nullic generally. aud particularly III W.
sou,h and W'-t. for moving the CROP =
.,tir. IS for ,mAl ho;",-uat l.. fo' hN"s' "h' 81"
tw.,c. IL Is. Therefore. ,'fe Tn -ay That bn' ' "
thi. denomination Of note, Will get beyond The "e"
York CITY Tank for some time u COM
T. AN BE- conrcrn'v AMI mated ihat "h"A inc '''
,.,rnnaon. y, IN, Tf'asu;v nn.'- {" lS'" nrr r~'''"
from tho Bureau o. Ingra,in2 and fr'nths' ana ~
ready for issue Will b. IN much great d"hh' ''
the ntc,.nt small Icgal.tondcrs ana silver cfr'ineh">
ne aus. Of the fact that they are 'uI I's'r'ha"r
for both public private Dues IL" in>tfu lions r"'
, Deuartneut have ,n Il, az aLi 'AP!l H. ~ mat !"
whatever should l." shown III IN" I'''tn"
q, t,o-. notes By the Assistant, 1i'a.n'r OF U' 'h'r'
S..es AZ SewYork IA ma"inc pa mont m ''"Nr'hi''
OBLIGATIONS, then i"'it Tor ""' ihnit eoih'