Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-11-04
FINANCE AND TRADE.
RetemptlOn Of National Currency.

KEW REGULATIONS or TEE TREASURY DE-
The following regulations are adopted in
lieu Of all which hayh been heretofore issued
by the Treasury Department in regard to the
redemption OF United States currency
INITIATED
Mutiiated currency is redeefnable by the
Treasurer OF the United States, at washing
ton, ID. C., and by no other officer.
UNITED STATES NOTES.
Notes presented for redemption. the abra-
sion or loss OF SHbstance nom which does not
exceed one-twentieth OF their original pro-
portions, will be redeemed as whole notes.
l. Fragments 81 notes Will not be redeemed
IN mu- except when proof IS adduced by am
dav1t that the missing parts OF such notes
a been totally destroyed, and stating the
cause and manner OF destruction. Less than
half OF a note is not redeemable at all, unless
accompanied hy such affidavit when presented
by the holder. The character OF the ahiant
must be certified TO be good by a magistrate
, In the absence OF such affidavit, frag-
ments of notes, exceeding by measurement
One-half OF their original surface, will be re-
deemed In their proportion 10 the whole note
reckoning as a general rule by twentiethS.
3. Mutilated notes which have been torn. no
matter how much, but of which all the frag-
ments are returned, or deiaCed, no matter
how badly. so that il IS certain they are gem
uine, viii be redeemed ut their full face value
on presentation.
l. Fragments oflceal tender notes for which
less than the fun value has been paid will be
retained six months to enable owners 10 re-
turn Ia the Treasury missing parts of such
notes and receive the amount previously
Withheld. such return should give the date
Of the letter rom this office Transmitting the
original remittance.
INTEREsT-BEARING NOTES.
The rules for the redemption OF mutilated
United States notes are likewise applicable to
mutilated intrrest-bearinE notes.
Coupons OF W years nNe per cent Treas
ury notes separated rom the notes OF which
they constituted a pant, are of no value ex-
cepI Waen presented for with the
notes 10 which they belong. Coupons should
not be detached nom the nYe per cent notes
redeem them at-maturity. But this regula-
tiOn does not apply TO coupon notes or bonds
other than five per cent notes
FRACTIONAL
Defaced fractional notes, IL whole, are not
considered as mutilated when presented FOR
diminuuOn reducing the note by not more
than one-tenth.of its size regarded as a multi
alton.
J. Fragments OF a note viii not be redeemed
unless il SHAH be clearly evident that they
constitute OHe-half or more OF one original
note. in which case a note, however multi
ated. nil De redeemed in proportion 10 the
whole note, Reckoniug by hHhs, except three
cent notes, which VIII be rcckOned by thirds.
= MuulationS less than One-teuth viii be
disregarded. unless fraudulent; but any,Inu-
filaLIon which destroys more than One-tenth
81 the original note wall reduce the redemp-
ton yaIug ofthe note by One-nIth its face
NHlCe. or liza three cent hOte, by Oue-third Of
its original value.
3 Fragments OF a three cent note will not
be redeemed. unless such cOusti-
tute Iully JwO-thirds ofthe note in its origi-
nal form-
q. Mutilated notes presented for redemption
mGst De in sans of not less than three dollars
of their original value