The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-10-29
MUTILATED MONEY.
The Rules Governing Its Redemption by the
Treasury of the United States.


70 the Editor of the Indianapolis Journal
In my desire to observe the greatest degree
of brevity and avoid tedious details, l probably
did not make one feature of my letter published
in yesterdays Journal sufficiently explicit. 1t
was that relating to the redemption of mutilated
notes. In what | said l referred strictly TO
mutilations, which do not deprive notes of any
appreciabe amount of their bodies. There is
one class of notes which are termed "mutilated
notes." which are sometimes discounted at the
Treasury of the United States and its auxil-
iaries They are better known as ''short notes"
that is they have been deprived of one tenth
or more of their bodies. These notes are dis
counted to defeat the designs of counterfeiters
who make complete notes by taking pieces from
several of the genuine.
For the purpose of making this perfectly clear
and reliably accurate have just procured the
latest circular~issued by the Treasurer of the
United States on this subject, and append the
salient sections
United States notes, each exceeding nine
tenths OF its original proportions in one piece are
redeemable at their full face value in other
United States notes by the Treasurer and the
several Assistant Treasurers of the United States,
and are redeemaGie in coin. in sums not less than
$50. by the Assistant Treasurer in New York.
Fractional notes. each exceeding four ff:hs of
its original proportions in one piece are redeem
able at their full face value in United States
notes, in sums not less than So. by the Treasurer
and the several Assistant Treasures of the
United States
Gold certificates each exceeding ninet enths of
its original proportions in one piece. are redeem
able at their full face value by the Treasurer and
the several Assistant Treasurers of the United
States.
Silver certificates, each exceeding nine-tenths
or It's original proportions in one piece, are re-
deemable at their full face value in standard
silver dollars by the Treasurer and the several
Assistant Treasurers of the United States
United States notes. gold certificates. and sill
yer certificates are redeemable by the Treasurer
only, when mutated to the extent of onetenth,
but not two-tenths, at nine-tenths of their face
value; two-tenths, but not three tenths. at eight
tenths of their face value: three tentbs, out not
four-tenths, at seven-tenths of their face value;
four tenths, but not one-haf, at si.i-tenths of
their face value Fragments of notes, each con-
shutting clearly one half, are redeemable at one
half the full face value of such notes.
Fractional currency notes redeemable. by
the Treasurer only, when mutilated to the
tent of one fifth but not two ffths, at four ifths
of their full face value two fifths, but not one
half. at three fifths of their face value
Fragments less than onehaf redeemed
only when accompanied by affidavit executed
IN accordance Win the rSQu lr6mGntS or the toll
lowing paragraph:
Notes and certificates mutilated as described
in the preceding paragraphs accompanied by an
affidavit from the owner, from such other
persons as have knowledge of the facts that the
missing portions have been totally destroyed,
are if the proof furnished is satisfactory, re-
deemed at their full face value The affidavit
must state the cause and manner of the mutila-
ton, and must be sworn and subscribed before
an officer qualified TO administer oaths, who must
affix his official seal thereto, and the character of
the atlantis must be certified to be good by such
officer or some other having an official SEAL The
Treasurer will exercise such discretion under
this regulation as may seem TO him needful to
protect the United States from fraud.
Fragments not redeemable are rejected and
returned. Counterfeit notes are branded and
returned.
National bank notes are redeemable by the
Treasurer of the United States, In sums of 81
600 or any multiple thereof.
Notes equaling exceeding three-fifths of
their original proportions, and bearing the name
of the bank and the signature of one of it's Off
GERS, are redeemable at their full face value
Notes of which less than three-fifths remain,
or from which both signatures are lacking are
not redeemed by the Treasurer, but should be
presented for redemption to the bank of issue
Fragments less than three-ffths are accepted
from the bank of issue for face value by the
Treasurer only when accompanied bv evidence
that the missing portions have been entirely de-
stroyed.
Fragments redeemed by the bank of issue for
less than face value are accepted by the Treas
urer only when their valuation is equal to the
face value of a note of some denomination is
sued by the bank. or some multiple thereof
The required valuation may be made up of sew
era fragments of notes of the same or different
denominations provided the total valuation of
the fragments of each denomination be 81 or
some multiple thereof. Fragments not clearly
more than two fifths are acceptable only when
accompanied by evidence that the missing por-
tions have been entirely destroyed
1t having been decided that National bank
notes stolen when unsigned and put in circula-
ton with forged signatures are not obligatory
Dromssory notes Of the banks, under Section
5lS2 of the Revised Statutes they are not re-
deemed by the Treasurer
Notes of National banks that have failed are
redeemed In the same manner and on the same
terms as United States notes.
fractional silver coin and minor coin NAV be
presented. 10 separate packages. in sums or null
tiples of $50, assorted by denominations, to the
Treasurer or any assistant treasurer for ex
change into lawful money
No mutilated coin will be redeemed Rednc
ton by natural abrasion is not considered mu-
tlatlon. p. s. HEATH.
WASHINGTON, ID. c.. Oct. q, 1885. ,.ss