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 HOUSE OF REPRESENTATIVES, November 25, 1864.— Laid 
 
 on the table and ordered to be printed. 
 
 [By the Chair. j 
 
 COMMUNICATION OF SECRETARY OF TREASURY. 
 
 Treasury Department, C. S. A., 
 Richmond, November 23, 1864. 
 
 Hon. Thomas S. Bocock, 
 
 Speaker of tfie House of Representatives : 
 
 Sir : The resolution passed by the House of Representatives, on the 
 21 St instant, calls for the following information : "Whether the old issue 
 of treasury notes is being exchanged for the new, and if not, why ; 
 also, what arrangements have been made to that end." 
 
 I have now the honor to furnish thti information required. 
 
 The amount of new issue paid out in exchange for old, from 1st of 
 April to )st of October, is $121,038,790. 
 
 Since the Ist of October the exchange of notes has been continued 
 with activity, all the assistant treasursrs and pay depositaries, as 
 well as many of the transient depositaries, being supplied with the 
 new issue for that purpose. Still further to promote the convenience 
 of the public, the following regulations have been adopted: 
 
 1. The Treasurer, a-ssistant treasurers, and pay depositaries have 
 been authorized to receive the old issues (except the $100 bills) in 
 payment of non-taxable bonds at 66 2-3 per cent. 
 
 2. They have been authorized to receive them in like manner, on 
 call at four per cent., and on hypothecation of the non-taxable bonds. 
 
 3. They, and all the depositaries appointed for funding, numbering 
 in all over two hundred, have been authorized to receive them, and 
 register the names of the depositors, and the sums deposited, and, 
 after the Ist of January, to forward copies of the registers to Rich- 
 mond, when the new issue will be sent to pay the depositors. 
 
 G. A. TRENHOLM, 
 
 Secretary of Treasury, 
 
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