Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-12-01
FINANCE AND TRADE.
Redemption Of National Currency.

-
NEW REGULATIONS or THE TREASURY DE-
The following regulations are adopted IN
lieu or all which hayh been heretofore issued
Dy lne treasury Department in regard TO The
~eoempto OF United States currency:
M~UrILATED E
Mntilated currency is redeemabie by the
treasurer OF the United States, at Washing
ton, u. 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-twentietn OF their original pro-
portions, viii be redeemed as whole notes.
l. Fragments o. notes viii not be redeemed
In full, except when proofs adduced by afh-
0aNlt that me missing parts Of such notes
have been totally destroyed, and stating the
cause and manner redistribution. Less than
hail Of a note is not redeemable at all, unless
accompanied by such affidavit when presented
by the holder. The character OF the afiiaRt
must be certified 10 BE good by a magistrate
. IN the absence OF such affidavit, mag
menis OF notes, exceeding BY measurement
one-half OF their original surface, will be re-
uetmeo IN their proportion 10 the Whole note
reckoning as 4 general rule by twentieths.
J. Mutilated notes which have been torn, no
matter how much, but Of which all the frag-
1nents are returned, or detaced, no matter
how badly. so that IL Is certain they are gem
uine, viii be redeemed al their full face value
on presentation.
/ Fragments oflegaI onder notes for which
less than the fun value has been paid viii be
retained SIX months to enable owners 20 re-
turn TO 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.
RTEREsr-BEARING NOTES.
The rules for the redemption Of mutilated
United States notes are likewise applicable to
mutilaued interest-besring notes.
Coupons OF two years i've per cent Treas
ury notes separated from the notes Of which
they constituted a part, are OF no value eX-
cept wLen presented for redemption with the
nOIes TO which they belong. Coupons should
not be detached nom the nVe per cent notes
except by "a Government officer authorized 10
redeem them at maturity But this regula-
zion Goes not apply 10 coupon notes or bonds
osGer than nve per cent notes
FRACTIONAL CURRENCY.
Defaced fractional notes. II whole, are not
Considered as mutilated when presented for
mptiOn nor is an evidently accidental
.dimiaUuon reducing the note by not more
Than One-tenth.o OF ITS size regarded as a multi
i Fragments Of note will not be redeemed
miles, II shall be clearly evident that they
constitute one-hGlt or more Of one original
pole; in which case q note, however muul-
aIei. i'll be redeemed in proportion to the
Wholsu ote, reckoning by hsths, except three
eeGt notes. which VIII be reckoned by thirds.
, NuJilaIi0us less than One-tenth viii be
d~isrega~ded, unless fraudulent; but any mu-
tLIatlyn Which destroys more than One-tenth
ofrhe original note viii rbduce the redemp-
ton value u tho mole by One-nlIh Its face
value, or il a three cent mole by one-thlrd OF
Ia original value
3 Fragments OF a three cent note viii not
be redeemed, unless such fragments constt-
tute Iully IWO-Jhirds OF the note in its origi-
a MuTiIated notes presented for redemption
must be in sums OF not less than three dollars
.of their original value.