Thank you for visiting SNEWPapers!
Sign up free
Domestic News
July 17, 1878
Eureka Daily Sentinel
Eureka, Eureka County, Nevada
What is this article about?
Washington report: No formal opinion from Attorney-General on exchanging gold for Treasury notes until January 1, but gold payments on government account possible. Treasury balance reaches $28,546,000.
Clipping
OCR Quality
95%
Excellent
Full Text
EASTERN NEWS.
Night Dispatches.
SPECIAL TO THE EUREKA DAILY SENTINEL.
WASHINGTON INTELLIGENCE.
The Exchange of Gold for Notes.
Washington, July 16.
It is understood that no formal opinion has been given by the Attorney-General to the Secretary of the Treasury concerning the exchange of gold notes from the United States Treasury, upon an exchange of views on the subject, the Secretary of the Treasury and the Attorney-General agreed that this could not be done until the first of January. The Treasury Department has the option, however, of paying gold on government account, and smaller gold coins are likely to get into circulation in this manner. The balance still shows a steady increase, and at the close of business to-day amounted to $28,546,000.
Night Dispatches.
SPECIAL TO THE EUREKA DAILY SENTINEL.
WASHINGTON INTELLIGENCE.
The Exchange of Gold for Notes.
Washington, July 16.
It is understood that no formal opinion has been given by the Attorney-General to the Secretary of the Treasury concerning the exchange of gold notes from the United States Treasury, upon an exchange of views on the subject, the Secretary of the Treasury and the Attorney-General agreed that this could not be done until the first of January. The Treasury Department has the option, however, of paying gold on government account, and smaller gold coins are likely to get into circulation in this manner. The balance still shows a steady increase, and at the close of business to-day amounted to $28,546,000.
What sub-type of article is it?
Economic
What keywords are associated?
Gold Exchange
Treasury Notes
Attorney General Opinion
Treasury Balance
What entities or persons were involved?
Attorney General
Secretary Of The Treasury
Where did it happen?
Washington
Domestic News Details
Primary Location
Washington
Event Date
July 16
Key Persons
Attorney General
Secretary Of The Treasury
Outcome
exchange of gold notes not possible until january 1; treasury balance at $28,546,000.
Event Details
No formal opinion given by Attorney-General on exchanging gold for Treasury notes; agreement reached that it cannot be done until January 1. Treasury can pay gold on government account, allowing smaller coins into circulation. Balance shows steady increase.