Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1870-01-14
FINANCE AND TRADE
Redemption Of National Currency.


NEW REGULATIONS OF THE REAsU DE-
P~ARTMESgT.
The following regulations are adopted in
leu of all which havh been heretofore issued
Dy the Treasury Department in regard to the
redemption of United States currency:
INITIATED
Mutilated currency is redeemable by the
Treasurer Of the United States, at Washing
Uon' D. C., ana by no other officer.
UNITED STATES NOTES.
Notes presented for redemption, the abra-
slOA OF loss OF substance nom Whlch docs not
exceed One-twent5eth OF their original pro-
portions, VIII be redeemed as whole notes.
l. Fragments OF notes VIII not be redeemed
IN full. except when proof Is adduced by affi-
qaYlt that the missing parts OF such notes
nave been totally destroyed, ana stating the
cause and manner OF destruction. Less Than
half Of a note is not redeenlable at ali, unless
accompanied by such affidavit when presented
by the holder. The character of the aihant
must be certified 10 be good by a magistrate
or other public officer.
4 In the absence OF such afhdaNlt, Uag-
ments Of notes, exceeding by meaSuremept
Ome-half OF their original surface, Will be Te-
deemed in their proportion to the whole note
reckoning as a general rule by UWemtleths.
g. Muiilated notes which have been torn no
matter how much, but ON hich all the frag-
Incnts are returned, or~delaced, no matter
how badly. 50 that IL is certain they are gem
uine, viii be redeemed at their fun face value
on presentation.
l. fragments ofegal ender notes for which
les than the fuu value has been paid viii be
retained six months TO enable owners TO re-
turn 10 the Treasury missing parts of such
notes and receive the amount previously
wjthheld. such return should give the date
OF the letter from this Office transmitting the
figlnal remittance.
uNr-EARINGREsTBR NOTES
The rules for the redemption Of mutilated
United States notes are likewise applicable 20
nutilaued Understanding notes.
AOupOns Of we years nNc per cent. Treas
rry notes separated nom the notes OF which
HEY constituted a part, are Of no value ex-
eeDt when presented for redemption with the
noIeg 10 Khicn they belong. coupons should
not be detached nom lie I'VE per cent notes
except by "a Government Oiheef authorized 10
redeem them at maturity. But this regula-
'uon does not apply TO coupon notes OF bonds
other than nve per cent notes
FRACTIONAL CURRENCY.
Defaced fractional notes, If whole, are not
ausidered as mutil6ted when presented for
~mptLon, nor is an evidently accidental
LS1t ~uOn reducing the note by not more
fTan -@nthiofit is size regarded as 2 multi
a1on- "a n0te Nj not be redeemed
4n lSn p Ne2rly eylaent that they
unlessl u shaL pc Upre Of or2 original
constitute one-h0ll or however multi 4
note; in which case a note, -sgrfion to the /
ated, VIII be redeemed in pro. scent three i
whole note, reckoning by n1ths, thirds.
cent notes, which VIII be reckOneu g. - be ]
= MuLlaConS less than Oue-teuIh " 1
which destroys more than one-teuth
OF the original note VIII reduce the redemp-
ton value Ofthe note by One-nrUh its face
value, or II a three cent note, by one-thlro OF
its original value.
g. Fragments OF a three cent note will not
be redeemed. unless such fragments cOnsli-
fuIiy twO-Jhirds OF the note in its Origi-
nal form.
T. MUtiIated notes presented for redemption
must be IN sums OF not less than three dollars
u their original value