Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-11-10
FINANCE AND TRADE.
redemption Of National Currency.

NEW or THE TREASURY DE-
PARTMEST.
The following regulations are adopted in
lieu of all which haYh been heretofore issued
by the Treasury Department in regard 10 the
redemption Of United States currency;
CURRENCY.
Mutilated currency is redeemable by the
Treasurer of the United States. AZ Washing
ton, D. C., and by no other officer
UNITED STATES NOTES.
Notes presented for redemption, the abrR-
sion or loss Of substance rom which does not
exceed One-twentietfi 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 afd-
davit that the missing parts OF such notes
have been totally destroyed, and stating the
cause and manner ofdestrucyiOn. Less than
half OF a note is not redeemable at ali, unless
accompanied by such affidavit when presented
by the holder. The character OF the affiant
must be certified 10 he good by a magistrate
OF other public officer.
, IN the absence OF such affidavit, frag-
ments OF notes, exceeding bV measurement
one-halfo of their original surface, viii 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 tina il is certain hey are gem
utne, VIII be redeemed at their full face value
on presentation
4. Fragments oflegal tender notes for which
less than the full value has been paid Will be
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.
MISUNDERSTANDING NOTES.
The rules for the redemption Of mutilated
United States notes are likewise applicable to
Inutilated inuereSt-bearing 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 eX-
cepL when presented for redemption with the
notes 70 which they belong. Coupons should
not be detached from the i've per cent. notes
except by a Government officer authorized TO
redeem them al maturity. But this rcgula-
tiou does not apply to coupon notes or bonds
other than i've per cent notes
FRACTIONAL CURRENCY.
Defaced fractional notes, If whole, are not
considered as mutilated when presented for
nor il an evidently accidental
dimluutiOu reducing the note by not more
than one-tenth.of It's size regarded as a multi
alton.
/ Fragments Of note will not be redeemed
unless 10 shall be clearly evident that they
constitute One-half OF more of one original
note; in which case a note, howeNer multi
ated, al be redeemed in proportion 10 the
whole note. reckoning 10y nfths, except three
cent notes, which wall be reckoned by thirds.
. MuUlatiuas less than one-tenth will be
disregarlcd. unless fraudulent; but any mu-
tilatiOn which destroys uore than Oue-tenth
OF the original note VIII reduce the redemp-
value. or iIa three cent hole, by One-thlrd OF
its original value
q Fragments OF a three cent note viii not
be redeemed, unless such fragments cOusti-
tute fully lWo-tnlrus OF the note IN It's orlgi-
nal form.
4 Mutlated notes presented for redemption
must be in sums OF bot less than three dollars
Of their original value.