The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1889-02-02
MUTILATED MONEY.
Tho Work Attending its Redemption Mt
the New York Sub-Treasury.
tWhat shall I do with this ten-dollor

the New York Sub-Treasury.
"What shall do with this ten-dollar
billp"
The speaker held in his hand a legal
tender note isaued some time during
the recent war. 1t bore all the marks
OF time-honored wear and tear. The
latter was even more conspicuous, as
the numerous creases made by its many
holders had worn themselves through
and even the edges of the note h, 4 be-
come badly frayed. It's color was so
disguised with the dirt of handling
that it required close observation TO de-
termine what it was. IL had been Of
fered to many tradesmen, but they had
one and all refused to accept it in pay
ment for goods. Yet it was good
representative of value received by the
United States Government, which prom
ised on 1t to pay the amount of ten dol
lars ON demand. After repeating the
above question more than once, a by
stander suggested that it should be
taken to tie SuJ-Treasuy on Wall
street and there the owner could find
ou' # it could be redeemed. The sug-
ee7don was followed. There the holder
was rendered, without hesitation,
bright. new and crisp bills of Il smaller
denomination in exchange.
A reporter, who was standing near,
asked il such exchange was u common
occurrence. The superintendent of the
,Yiit a In,
George W. Marlor, said:
at would almost seem as IL all the
mutilatcd currency Of the country came
through this Sub-Treasury. We never
receive less than about $500 worth
in day and often the amount exceeds
100000 The notes, or bills, as they
are more frequently called, are pre-
sented in all stages OF mutilation
caused by hard usage in handling.
Merchants and bankers scud us the
largest amounts. They receive them,
ii anyway decent, from their custo-
mcrs and then send them here for re-
demption."
"Do you get many in rs bad con.
YES, very often. But they gener-
ally come Us this one did, singly. Notes
that have been saturated with water
from some cause are often presented
for redemption. There is no occasion
for any person TO lose money through
mutilation or other damage if the notes
are only distinguishablc. When pre-
sented for redemption they will be al
ways exchanged with new United
States notes OF such denominations us
tho ownor may desire"
What do you do with mutilatcd
notes?"
"They are sorted and done up in
packages of the different denomina-
tions. A thousand notes usually form
a bundle. If onc-dollar bills, it will
represent $l,C00; ii two-dollar bills,
$4,000, and so on. The work of sorting
is done by clerks specially assigned to
the duty. Should they detect, as they
occasionally do, countcrfcits in any
package sent by Il bank or merchant,
they are thrown out branded and sent
back to the person from whom they
came. When the mutilatcd notes are
done up in the bundles they are packed
solidly in large, covered basket and
sent to Washington to undergo the pro-
cess OF maceration."
''Do you take any account of the
mutilated notes By their numbers?"
I'VE would have no time to do that.
When it is considered how many are
handled each day, IL will be easily seen
that such n process would require a
larger force of clerks than could be
spared for the purpose. This may,
however, be done in Washington, be-
fore the notes are destroyed. In. Y.
Mail and Express.