Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1889-12-20
|MUTILATED MONEY.
The Work Of Reckoning Disfig-
ured Greenbacks.
Bills Sent to Washington to Uns
dergo Maoeratlon.

"What shall do with this ten.dollar
biL7"
Tho speaker held in his hand a legal
tender note issued some time during the
recent war. 1t bore all the marks Of \
time honorcd wear and tear. The Inter
was even more conspicuous, us the nu- y
merous creases made by its many holders
had worn themselves through and even
tho edges of the note Ind become badly
'raycd. Its color was so disguised with
the dirt of handling that it required close.
observation to determine what it was.
1t had been offered to many trades
men, but they Ind ono and all refused
to accept it in payment for goods. Yet
1t was good representative of value re-
ccivcd by tho United States Govern
ment, which promised on it to pay tho
mount of ton dollars ON demand. Az
Ter repeating the above question moro
than once, by-standcr suggested That
It should bo taken to tho Now York
Sub-Trcasury on Wall street, and there
tho owner could find out if it could be-
redeemed. The suggestion was fol-
lowed. There the holder was rendered.
without hesitation, bright, now and CRISP
bills of smaller denomination in OK
change and which he gladly received.
A reporter of tho Mail and Express.
who was standing near, asked if such cx-
change WINS II common occurrence. Tho
superintendent Of the mutilatcd money
department., Mr.. George w. Marlor, said:
at would almost seem Ms IL NIL tho
mutilatcd currency of the country camo
through this Sub-Trcnsury. Wo never
receive less than about $3.50, 600 wortI,
in day and often tho amount exceeds
$780, 900. Tho notes, or bills, as thew
arc more frequently called, ARE presented
in I'LL stages of mutilaiion, caused by
hard usage in handling. Merchants and
bnnkcrs send us tho largest amounts.
They receive them, il anyway decent,
from their customers and then send them
here for redemption"
''Do you get many in MS bnd condition
as TINT just prcscntcd2"
eyes, very often. But they generally
come MS this one did, singly. Notes that
have hccn saturated with water from
Somo causc nrc often presented for re-
dcmption. There is no occasion for INV
person TO lose money through mutiation
or other damage if tho notes are only
distinguishablc. When presented for
redemption they will always be OK.
changed with new United States notes of
such denominations MS the owner NAV
desire"
"Wliat do you do with tho mulilatcd
notcs?n
'rhcy arc sorted and done up in pacle-
nGcs of tho different denominations. A
thousand notes usually form IL bundle.
Ii onc-dollar bills, il will represent
$1,000; If two-dollar bills, $4,000, md
so on. Tho work of sorting is done by
clerks specially assigned to tho duty.
Should they detect, MS they occasionally
do, counicrfciis in any package sent by
II bnnk or merchant, they nrc thrown out
branded and sent back to tho person
from whom they came. When tho mu-
tilatcd notes arc done up in the bundles
they arc packed solidy in large, COW
cred baskct md sent on TO Washington
to undergo the process Of mnccraton."
-"Do you take any account of the mu-
tilntcd notes by their numbcrs?"
eve would have no time to do that.
When il is considered how many are
bundled each day, il will be easily seen
That such process would require
larger force of clerks thnn could ba
sparcd for the purpose. This mny, how
ever, DO done in Washington before notes
arc DESTROYED II Mail md Eynroec