TREASURY DEPARTMENT
WASHINGTON, May 18,
1862
To guard against frauds upon the Government and to secure
the just rights of holders, the following rules, for the redemption of
mutilated United States Notes, are hereby established.
FIRST – Mutilated notes, which have been torn no matter how
much, but of which it is evident that all the fragments are returned or defaced
no matter how badly, but certainly satisfactorily genuine, will be redeemed to
their full face value on presentation.
SECOND – Fragments of notes will be redeemed in full only when accompanied by an
affidavit stating the cause and manner of mutilation, and that the missing part of the note is totally
destroyed. The good character of the
affiant must also be fully vouched by the officer before whom the affidavit is
taken.
THIRD – In the absence of such affidavit, fragments of notes
will not be paid in full, but the parts presented will be redeemed in their
proportion to the whole note, reckoning, as a general rule, by twentieths.
FOURTH – Less than half of a note will not be redeemed,
except by payment of the full value of the note under the second rule, or by
payment of the proportional value of the missing part, when presented under the
fifth rule.
FIFTH – Fragments of notes, for which less than the full
face value has been paid, will be retained for a year, to an end that the
owners who have received less than the value of the full note, may have
opportunity to return the missing part and receive the amount previously
withheld.
SIXTH – Until further order, mutilated notes and fragments
will be redeemed only at the Treasury of the United States at Washington,
whither they can be sent, addressed to the “Treasurer
of the United States,” by mail, free
of postage. A draft on the Assistant
Treasurer at New York, for the amount allowed will be returned in the same way,
to the address of the person remitting the same.
S. P. CHASE,
Secretary of the Treasury
– Published in The Burlington Weekly Hawk-Eye,
Burlington, Iowa, Saturday, June 7, 1862, p. 1
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