D03209552Q /^J^ r ., /- TREASURY DEPARTMENT, C. S. A., Richmond, March 23, 1864. NOTICE TO DEPOSITARIES OF THE TREASURY. All Depositaries of the Treasury will receive from Dis- bursing Officers, re-payments of money in their hands, and give receipts iu. the form enclosed, in all cases stating the appropriation to be creJilcd with the amount paid. On the first day^of Ap4'41, funding will be allowed. On the second day of4X(j*4i each Depositary will report to the Secretary of the Treasury, the amount received by him' for four per cent, bonds, and also the amount received as re- payments from Disbursing Officers. This rejiort to be made by~t«l«graph, ifaccessibk, if not, by mail. 0. G. MEMMINGER, Secretary of Treasury. J TREASURY DEPARTMENT, C. S. A. Richmond, March 14tHj 1864. The President and DiYectors of the Bank of Gentlemen : Under the recent act of Congress to reduce the cnrrency, it is provided that ifany Bank ofDeposit shall give its Depositors the 4 per cent. Bonds authorized by the Act in exchange for their deposits, and specify the same on the Bonds by some distinctive mark gr token to be agreed upon with the Secretary of the Treasury, then the said Depositors shall be entitled to receive the amount (u said Bonds in Treasury Notes, bearing no interest and outstanding at the passage of the act, provided the said Bonds are presented before the privilege of funding the said notes at par shall cease. By the first section of tlio act the privilege of funding will cease on the 1st of April, 1864, east of the Mississippi, and X)n the 1st of July, west of the Mississippi. It \» obviously impracticable to furnish the Bonds befcire the 1st of April, and therefore, to give any effect to tlie jtrovision of the Act, the certificates issued by tlie Depositaries must be substitu- ted for the Bonds. The Bonds being required by the Act to be registered, the certificates must be conformed thereto and must be assigned in the form usually required for Re- gistered Bonds. By writing the words *' for Deposits" over the signature of the officer of the Bank, who shall assign tho certificate, a sufficient token can be established, and 1 pro- pose that coflrse to the Banks. There is another matter in which I respectfully ask your concurrence. It certainly will he a great object gained to adjust prices and business operations as speedily as possibly to the new cnr- rency, which will be issued after the 1st of April. The Banks have the power to promote this object most effectu- ally by accepting deposits in the old currency i)ayable in the new. If for every three dollars so deposited, the Ban'ks will give credit on their books for two dollars payable in oew issues, the old currency would be rated accordingly in all transactions, and prices everywhere would have relation to the new currency It would also follow that so much of the business of the country as can be transacted by checks on Banks would be carried on as heretofore without actual delivery of money, and so much time would be gained for the preparation of the new issues. It is true that the Banks will thus encounter the risk of not being supplied with new notes, inasmuch as it is obvious that the means of supply are not adequate to the pressure which will suddenly be thrown upon the Treasury. This pressure will be relieved by the immediate issue of certificates and five hundred dol- lar notes, and by the further issue of all denominations as speedily as possible. I respectfully submit the matter for your consideration, and request that your Bank will at its earliest convenience issue an advertisement to the effect, that it will accept de- posits of all currency, except one hundred dollar notes, payable itf the new issues at the rate of two dollars of new for three of old. Very respectfully, Your o'bt servant, Secretary of Treasury, TEEASUEY DEPAETMEIST, C. S. A. Richmond, April 19, 1864. The folloAving regulations are established in relation to tUe adjustment of the Old and New Currencies: 1. When treasury notes of the old issues, "shall be received after the first o^ A^p*^', from Tax Collectors or Disbursing Officers, or from any bi.l.er source, (except in exchange- for notes of the new issue,; iho ^Afco i ft t -aa*- T/easu'^ra-Ri^d Deposi- taries, shall state in thdr ^'ockly account current returns, the amount at which sucH notes were received, and also the amount, of the tax thereon. When received in exchange for the notes of the new issue, they shall state the amount of the tax on the aiEOunt so exchanged. 2. When a di'aft in favor of a Disbursing Officer, drawn be- fore the first of -Vpiiil, shall be presented ior payment, it will be paid in the notes of the old issues ; or, it can be deposited on account of the appropriation to which it belongs, and the Treasury Oflicers will give proper certificates therefor, ac- cordingly.. 3. All drafts drawn subsequently to the first of A^jril, are payable in the notes of the new issue^ So also are drafts, drawn prior to the first of April, in favor of persons or parties other than Ddsbjiirsing O^c^'s. ' •'- >/t'i . But drafts idrawn pVior" to iKe firsl ot ArV^i.^whichliave been assigned to other parties, are payable in the notes of the old issues only. C. G. MEMMINGEK, Secretary 'of Treasury. TREASURY DEPARTMENT, C. S. A., Richmond, March 24, 1864. The following atUlitional regulations for carrying into effect the Act of 17th February, 18G4, "to reduce the cur- rency," eclci be pre- seoted for pa}taeBt before or after siid dale. 3J. All ru tier's belonging to tbe GoTeroment Im the hands or at credit, of dUbarelog O01oers« on the let of Jaly, 18C4, iniy be tamed into tbe Treas- ary to the crealt of tue respeotlre appropriations to wQich they belong, to be afterwards drawn for by new rLquieiitoos which will be payable lo the new issue of Treasury notes. Bat checks of dliburtlng officers which may b9 . drawn at »ny time againol the balaneet takick m»^ be OH tkeir credit on Iff let ef July, lb64, will b« paid In me old issues of i:ot«'s at the amount pron- sed on tboir faces. P. W. OKAY, Agent, ' apS(l-ira-o^w J Trwas'y Trana-Mlss. D»pt. UMlMciK AiK.X'o AUXlCK— All MHiaou* bavirg clfliub .UfatDst the estate, of B. \f. Moti, Ute of Ja?pei\county, d.'ceabed, w,il pre- sent the snme dn y aalnenilcited wlibla the tlms prescribed by Uw, or they will be pontponed and ail tooie ln(1eot<