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thousand dollars for the faithful performance of his duties as such Supervising Special Agent or Assistant Special Agent, and for the punctual payment into the Treasury of the United States, of all sums by him received and required by law or regulations to be so paid.

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LIV. All sales, whether private or public, shall be for notes of the United States or Treasury notes, exclusively, and all proceeds of goods and products paid into the Treasury under the foregoing regulation shall be restored without interest to the owner of the goods and products sold, in case he shall establish, on the return of peace and the full practical restoration of the authority of the Union, his titles to said goods and products, and since the sale thereof he has conducted himself in all respects as a good and loyal citizen of the United States, and has done nothing inconsistent with the terms of the oath prescribed by the President's proclamation of amnesty.

LV.-Nothing in either of the foregoing Additional Regulations shall authorize the conveyance of supplies beyond the lines of national military occupation, or, except under the Regulations of September 11, 1863, within said lines.

LVI. The foregoing Regulations, numbered LII, LIII, LIV, LV, shall take effect and be in force within the lines of the several military departments in the insurrectionary States, whenever the Generals commanding said departments shall, respectively, under authority from the President, and by proper orders promulgate the same.

I am, very respectfully,

S. P. CHASE, Secretary of the Treasury.

LETTER FROM THE SECRETARY OF THE TREASURY TO A SPECIAL AGENT,

TREASURY DEPARTMENT, February 2, 1864.

SIR: All restrictions on trade are in aid of military operations. When the military authorities say they are necessary, it is not for me to question the soundness of their judgment. It is my duty to learn what their judgment is, and to act in accordance with it. The freer the trade, the more agreeable is it to me. Restriction is and always has been a very unpleasant duty. I inclose copies of the new Regulations; you will govern yourself by them.

You will observe that the Regulations in respect to trade with insurrectionary districts yet remain in force, and also the old restrictions as to bringing out the products of the country. The latter will be abolished whenever the commanding Generals shall promulgate the new Regula. tions.

Very respectfully yours,

S. P. CHASE, Secretary of the Treasury. TO THOS. HEATON, Esq., Special Agent, Cincinnati, Ohio.

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I. STEAM ON THE PACIFIC OCEAN. TRADE BETWEEN CHINA AND JAPAN.
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II. THE AGE OF GREENBACKS-DEBT AND CURRENCY. ARE WE PROSPEROUS?. 176 III. OCEAN STEAM NAVIGATION. GREAT BRITAIN VS. THE UNITED STATES.......... 193 IV. COMMERCIAL LAW. No. 11. PARTNERSHIP

V. SILVER CURRENCY IN INDIA. BY T. M. J. VI. COMMERCIAL CHRONICLE AND REVIEW

JOURNAL OF BANKING, CURRENCY, AND FINANCE.

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Additional Regulations concerning Commercial Intercourse with, and in, States declared in Insurrection

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Very Tuely
C. Perit.

Engraved expressly for Hunts Merchants Magazine

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