. . . that mutilated U. S. Treasury Notes are not redeemable at
their full value. A ten dollar note with
a corner torn off is only worth nine dollars.
The counterfeiters are making quite a business of mutilating notes and
pasting the pieces together to form a new one.
– Published in The Davenport Daily Gazette,
Davenport, Iowa, Friday Morning, May 2, 1862, p. 2
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