Quite an extensive business is being . . .

. . . done in mutilating the $10 treasury notes. The different parts are cut from different notes and the pieces ingeniously pasted together, so as to form eleven notes from ten. The attention of the Government has been called to it, and it is decided as the only effectual way of checking the evil, not to redeem any not at par value unless it is whole, and to deduct one dollar for every tenth part of a note torn off and in that proportion for larger amounts removed.

– Published in The Burlington Weekly Hawk-Eye, Burlington, Iowa, Saturday, May 3, 1862, p. 1