Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-11-02
FINANCE AND TRADE.
RedemnfInn Of national currrnpv.

-
sew OF II TREASURY DE-
The following regulations are adopted in
lieu Ofan which hRvh been heretofore issued
by the Treasury Department in regard TO the
redemption OF United States currency:
CURRENCY.
Mutilated currency Is redeemable by the
Treasurer ofthe 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 substance nom which does not
exceed one-twentieth OF their original pro-
pU~rtiODs, viii be redeemed as whole notes.
J. Fragments o. notes viii not be redeemed
In futi, except when proof is adduced by afii-
davit that the missing parts OF such notes
have been totally destroyed, and stating the
cause and manner OF destruction. Less than
half OF a note is not redeemable at all, unless
accompanied by such fidavit when presented
by the holder The character of the afiant
must be certified 10 be good by a magistrate
or other public officer.
? 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 to 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 defaced, no matter
how badly, so that it is certain they are gem
Wne, Will be redeemed at their full face value
ON presentation.
l. Fragments oflegal tender notes for which
less than the null value has been paid viii be
retained six months TO enable owners to re-
turn 70 the Treasury missing parts of such
notes and receive the amount previously
withheld. such return should give the date
OF the letter from this office transmitting the
original remittance.
ISrEREsT-BEARTS0 NOTES.
The rules for the redemption OF mutilated
United States notes are likewise applicable to
mutiiated interest-bearing notes.
Coupons OF two years five per cent. Treas
ury notes separated nom the notes Of which
they constituted a part. are OF no value eN-
cepJ when presented for redemption with the
notes 10 which they belong. Coupons should
not be detached nom the nve per cent. notes
except by a Government officer authorized to
redeetn them az maturity. But this regula-
uior does not apply to coupon notes or bonds
other than i've per cent notes
FRACTIoNAL CURRENCY.
Defaced fractional notes, If whole, are not
as mutilated when presented for
redemption, nor is an evidently accidental
duCing the note by not more
than one-tenth.Of It's size regarded As a multi
alton
J. Fragments Of a note will not be redeemed
unless lI shall be clearly evident hat they
constitute one-half or more Of one original
note: in which case "a note, however multi
ated, viii be redeemed in proportion to the
whole note, reckoning by ntths, except three
cent notes, which VIII be reckOned by thirds.
. MuUilatiOns less than .One-teuth Will be
disregarded, unless fraudulent; but any mu-
which destroys more than One-teuth
% the original note will reduce the redeElp-
lion Value olthe note by One-nth its face
value. or II three cent note, by one-third OF
It's original value.
3 Fragments OF a three cent note will not
be redeemed, unless such consti-
lute fuIy twO-thlr1s ofthe note in its Origi-
hOsm-
= Mutilated notes presented for redemption
must be in sums OF not less than three dollars
Of their original value.