Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-12-02
FINANCE AND TRADE.
Redemption of National Currency.


NEW REGULATIONS OF THE TREASURY DE-
PARTMENT.
The following regulations are adopted in
lieu Of all which havh been heretofore issued
Dy the Treasury Department in regard TO the
redemption OF United States currency;
INITIATED CURRENCY.
Mutilsted currency IS redeemable 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 substance from which does NOT
exceed One-twentieth OF their original pro-
portions. will be redeemed as whole notes
J. Fragments OF notes Will not be redeemed
in full, except when proofs adduced by am
davit that the missing parts OF such noies
have been totally destroyed, and stating the
cause and manner OF destruction. Less uhan
half Of note is not redeemable at all, unless
accompanied by such affidavit when presented
by the holder. The character OF the aInant
must be certified to be good by a magistrate
or other public officer.
. In tie absence Of such affidavit, frag-
ments of notes, exceeding by measurement
one-half OF their original surface, VIII De re-
deemed in their proportion 10 the who're houe
reckoning as Z general rule by tWenueths,
3. Mutilsted notes which have been torn, no
matter how much, but of which all the rag
ments are returned, or deiaced, no matter
how badly, so that II Is certain thSy ~ 81.
uine, viii be redeemed at their tuu Hlce Nalue
4. fragment ofIegal tender notes for which
less than the tull value has been palu VIII DC
retained six months 70 enable owners 10 re-
furn 10 lie Treasury missing parts of such
notes and receive the amount previously
withheld. such return should give the uate
ofthe letter from this office transmitting the
original remittance.
NTEREsT-BEARLSG NOTES.
The rules for the redemption OF mutilated
United states notes are likewise applicable 10
mutilated interest-bearing notes.
Coupons OF two years nve per cent Treas
ury notes separated from the notes OF winch
they constituted a part, are OF no value eN-
cept when presented for redemption win me
notes 10 which they belong. coupons snolld
not be detached frOm the nve per cent notes
except by a Government officer authorized 70
tfon does not apply to coupon notes or Donos
other than i've per cent notes
FRACTIONAL CURRENCY.
Rafa.ed fractional notes, il whole, are not
coUSfdarei as mutilated when presented Tor
TsTemnron nor is an evidently accidental
Elimination reGucing the note by not more
than one-tenth.oI its size regarded as a multi
n Fragment Of note viii not be redeemed
unless ID shall be clearly evident that they
constitute one-kalf OF more OF one original
note: in which case a note, however mutll-
ated- " gu De redeemed in proportion to the
-gole note, reckoning by nIths, except three
cent notes, which VIII be reckOned py lnlFQs.
i Mutilations less than pne-tenlh Will De
dIsregarGed. unless fraudulent; but any mu-
fflstion which destroys more than One-tenIh
Of the original note viii reduce the redemp-
lion value ofthe note by one-ntIh us lace
value, or ifa three cent note, by one-thlrd OF
It's original value.
he rede,sIned. unless such fragments const-
int mIIy ;Wo-thirds OF the note IN It's orlgi-
= Nnfilsted rotes presented for redemption
must be in sums of not less than three dollars
Of their original value.