Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-11-26
FINANCE AND TRADE.
Redemption of National Currency.

NEW REGULATIONS OF THE TREASURY DE-
P~ARTNENT.
The following regulations are adopted in
lieu Of sll which haVh been heretofore issued
Dy the Treasury Department in regard TO the
redemption Of United States currency:
M~UTILATED
Mutilated currency is redeemable by the
Treasurer ofthe United States, at Washing
ton, d. c., and by no other officer.
UNITED STATES NOTEs
Notes presented for redemption, the abra-
sion or loss OF substance from which does not
exceed one-twentieth OF their original pro-
portions, viii be redeemed as whole notes.
l. Fragments OF notes viii not be redeemed
in full, except when proofs 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 affidavit when presented
by the holder. The character of the affant
must be certified to be good by a magistrate
or other public officer.
> In the absence OF such affidavit, frag-
mentsof notes, exceeding by measurement
one-half Of their original surface, viii be re-
deemed in their proportion to the whole note
reckoning as a general rule by twentieths.
g. MutilaUed notes which have been torn, no
matter now much, but of which all the frag-
ments are returned, or defaced, no matter
how badly, SO that il Is certain they are gem
uine, viii be redeemed at their fun face value
on presentation.
4 Fragments oflegal tender notes for which
less IMAM The null alu has been paid Will be
retained six months TO enable owners TO re-
turn 10 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.
NTEREsT-BEARTNG NOTES.
The rules for the redemption OF mutilated
United States notes are likewise applicable to
mutilated Understanding notes.
Coupons OF two years five per cent. Treas
ury notes separated from the notes OF which
they constituted a part, are OF no value eN-
cept when presented for redemption with the
notes 20 which they belong. Coupons should
not be detached from the i've per cent. notes
except by a Government officer authorized TO
redeem them at maturity. But this regula-
ttOn does not apply to coupon notes or bonds
other than nvs per cent notes
FRACTIONAL CURRENCY.
Defaced fractional notes, II whole, are not
considered as mutilated when presented for
redemption. nor is an evidently accidental
dimiuutiOn reducing the note by not more
than Oue-tenth.Of its size regarded as a multi
alton.
J. Fragments Of a note will not be redeemed
unless il shall be clearly evident that they
constitute one-half or more OF one original
note; in which case a note, however multi
Rted, viii be redeemed in proportion 10 The
Who'll note. reckoning by nths except three /
cent notes. which viii be reckoned by thirds. 4
, MutilauOus less than one-tenth viii be
disregarded, unless fraudulent; but any mu-
tilaUiOn which destroys more than One-tenth
OF the original note viii reduce the redemp-
ton value Ofthe note by One-nuh It's face
value, or u a three cent note, BY one-thlrd OF
It's original value.
3. Fragments Of a three cent note viii not
be redeemed, unless such fragments const-
tute Iully JwO-th1rds ofthe note In It's origi-
form.
4 Muulated notes presented for redemption
must be in sums of not less than three dollars
OF their original value.