Small notes.
As persons are hoarding one and two dollar notes, partly with the view of paying them over to the Government in taxes after 1st April and partly to diminish the amount they will have to convert into Government bonds, it would be a public benefit to deprive them if possible of some of the advantages to be derived from a policy which occasions much inconvenience. As these notes were issued for change in small dealings, in lieu of specie which had disappeared, has not the Government the authority to restrict their receipt in payments to itself to such amounts as are necessary to pay fractional sums? It might be done as a necessary measure to facilitate business — to enable its collecting officers to discharge their duties with as little delay as possible. If they have to count a large number of small notes it will seriously retard their transactions. An order of this kind would be of some service.
