Delaware State journal and statesman., 1866-02-09
RULES FOR THE REDEMPTION OB'
FRACTIONAL CURRENCY.
TREAsuRERs' OFFICE.
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The rules adopted for the redemption of
fractional and other United States notesthat
from whatever cause, have become unfit for
circulation, contemplate and require the CO.
operation of all national banks that are de
signatcd repositories in the work of redemp
tion, except such notes as by the rules of the
Department, are designated and described
as "mutilated," " and by the term mutilated
is meant notes not worth their full face val
ue. Some of these banks do not seem 10
have understood, or have been unwilling 10
accept this duty. Now, to furnish to hold
ers OF money which ought to be retired from
circulation, more ample means for the re-
demption or exchange of delaced United
States notes and fractional currency, and
such notes as, by said rules, arc defined as
"mutilated, and subject, therefore, to dis.
count at the Treasury, the following addi-
tional rules and regulations have been
adopted:
Whenever holder of any United States
currency shall present to an assistant trcasu.
rer of the United States, United States de
positOry, or a national bank which is a de.
signated depository of the United States,
notes which in the aggregate shall be of the
nominal value of fifty dollars or over, which
notes shall have been carefully assorted,
strapped, labelled, and then put up in one
parcel, in conformity with the rules approv.
ed by the Secretary of the Treasury, April
81, 1865, for the redemption of such notes, 1t
shall he tho duty of such officer or bank TO
receive such parcel of notes and give to the
owner thereof either the value of the same
in money, or receipt, conditioned for the
payment of the proceeds OF such parcel when
returns therefor shall have been received
from the Treasurer of the United States
Such parcel must be securely done up, with
the owners name, the amount claimed and
the date plainly written thereon. The officer
or bank renting such parcels will make
them into packages containing as near one
thousand dollars, or its multiple us may be-
and write upon such packages the name of
the bank or person remitting and the amount
contained therein, and state on the outside OF
each package, forwarded under contract
with Adams Express Company, which
packages should be endorsed to the "Treasu.
rcr of the United States, Washington, D. {. ~
In making up these packages, care must be
taken to remit sums representing thousands;
and amounts much less than 81, 900 should be
avoided, because tho contract for transpor.
tatiOn establishes prices by the 81, 900, and
the cost of carrying $1,OOl under the con.
tract would be double the cost of conycyinp
81 900. Packages must he delivered for
transmission to the Adams Express Comma.
ny, or to such express companies as shall
have formed connections with the Adams
Express. Returns will be made for the val.
ue of remittances as soon as the notes can be
counted at the Treasury, either by check on
New York, Boston or Philadelphia, or in
new notes, sent by express free of charge, as
the party remitting may elect. Straps in
which errors have been discovered will be
returned with the errors and countcrfcits
noted thereon.
" BY this plan large sums can be sent to