[340]
To equalize as far as may be this general loss, to have it fall at least in part where it ought to be, to enable the people of this city and vicinity to have a currency which shall at least be a semblance to that which the wisdom of the Constitution provides for all citizens of the United States, it is therefore
Ordered, 1.
That the several incorporated banks pay out no more confederate notes, to their depositors or creditors, but that all deposits be paid in the bills of the bank, United States Treasury Notes, gold or silver.
2. That all private bankers receiving deposits, pay out to their depositors only the current bills of city banks, or United States Treasury Notes, gold or silver.
3. That the Savings Banks pay to their depositors or creditors, only gold, silver, or United States Treasury Notes, current bills of city banks, or their own bills, to an amount not exceeding one third of their deposits, and of denominations not less than one dollar, which they are authorized to issue, and for the redemption of which their assets shall be held liable.
4. The incorporated banks are authorized to issue bills of a less denomination than five dollars, but not less than one dollar, any thing in their charters to the contrary notwithstanding, and are authorized to receive confederate notes for any of their bills till the twenty-seventh day of May next.
5. That all persons and firms having issued small notes, or “shinplasters,” so called, are required to redeem them on presentation at their places of business, between the hours of nine A. M. and three P. M., either in gold, silver, United States Treasury Notes, or current bills of city banks, under penalty of confiscation of their property and sale thereof for the purpose of redemption of the notes so issued, and imprisonment for a term of hard labor.
Private bankers may issue notes of denominations not less than one nor more than ten dollars, to two thirds of the amount of specie which they show to a Commissioner appointed from these headquarters, in their vaults, and actually kept there for the redemption of such notes.
By command of
This text is part of:
Van Nostrand. New York, New York. 1862.
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