RULES FOR THE REDEMPTION OF MUTILATED UNITED STATES NOTES, UNITED STATES TREASURY NOTES, AND FRACTIONAL CURRENCY. TREASURY DEPARTMENT, WASHINGTON, May 18, 1862. Rules for the redemption of mu States notes. 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. RULES. Mutilated notes, which have been torn, no matter tilated United 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 at 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 the 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 the 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 the end that the owners, who have received less than the value of a 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." A draft on the Assistant Treasurer at New York, for the amount allowed, will be returned by mail to the address of the person remitting the same. S. P. CHASE, Secretary of the Treasury. TREASURY DEPARTMENT, WASHINGTON, D. C., Oct. 9, 1862. The Rules promulgated on the 18th of May last, for the redemption of mutilated United States Notes, are not intended to REDRMPTION OF MUTILATED NOTES. apply to such notes of which the abrasion or loss of substance from the corners or edges does not exceed one-twentieth of their original proportions. Such are not understood to be mutilated notes within those Rules. They are regarded as entire notes, and, when of the issue known as Demand Notes, are receivable for Customs duties. No United States Notes, which have lost more than one-twentieth part of their original proportions, have ever been received for Customs duties. They can only be paid, therefore, as ordinary claims, in ordinary notes, under the Rules heretofore established. S. P. CHASE, Secretary of the Treasury. 269 REDEMPTION OF UNITED STATES TREASURY NOTES. demption of muti The same rules in force for the redemption of mutilated United Rules for the reStates Notes, that are embodied in circulars of the Department lated United States dated May 18, 1862, and October 9, 1862, are applied to muti- Treasury Notes. lated one and two years' five per cent. United States Treasury Notes. Separation of a coupon from a two years' five per cent. United States Treasury Note renders such note no longer a legal tender, until interest commences on the next succeeding coupon attached to the note; and the separation is such a mutilation of the note as to make it redeemable only at its face value, without interest, at this office. Coupons of two years' five per cent. United States Treasury Notes, that have been separated from the notes of which they constitute a part, are of no value, and will not be redeemed. Coupons must not be detached from the notes to which they belong, except by a Government officer authorized to redeem them at maturity. RULES FOR REDEMPTION OF FRACTIONAL CURRENCY. Rules for the redemption of Frac 1. All Fractional Currency, not mutilated, when presented to an Assistant Treasurer or Designated Depositary of the United tional Currency. States, or a National Bank designated as a Depository of the United States, for redemption, must have been assorted by the holder, according to denominations, with the faces and upper sides in corresponding order in the packages. 2. When presented in sufficient numbers, each package must contain one hundred pieces; it must be securely pinned, with a paper strap at least one inch wide, and on the strap must be written, in ink, the number of pieces, denomination, date of deposit, and the name of the owner. 3. The entire deposit must be securely done up in one package, and upon the wrapper, endorsed with ink, the date of the deposit, the amount contained, and the name and residence of the owner. 4. No less sum than three dollars will be redeemed, and packages will be paid for in lawful money of the United States, in the order as to time in which they shall have been received, as soon as the currency can be counted and passed upon. 23 * Rules, for the re tilated fractional currency. RULES FOR REDEMPTION OF MUTILATED FRACTIONAL CURRENCY. Fractional notes can be exchanged, if not mutilated, with any demption of mu- Assistant Treasurer or designated Depositary of the United States, or a National Bank designated as a Depository of the United States, in sums not less than three dollars. Defaced notes, if whole, are not considered as mutilated; nor is an evidently accidental injury, not reducing the note by more than one-tenth its original size, regarded as a mutilation. Mutilated fractional notes will be redeemed at the Treasury of the United States, at the city of Washington, under the following regulations, established as necessary guards against fraud: I. Fragments of a note will not be redeemed unless it shall be clearly evident that they constitute one-half, or more, of one original note; in which case, notes, however mutilated, will be redeemed in proportion to the whole note, reckoning by fifths. II. Mutilations less than one-tenth will be disregarded, unless fraudulent; but any mutilation which destroys more than onetenth the original note will reduce the redemption value of the note by one-fifth its face value. III. Mutilated notes, presented for redemption, must be in sums not less than three dollars of the original full face value. All Government Officers will receive for public dues all United States Notes of the several kinds, and on account for which they are respectively receivable, as per Treasury Circular of October 9, 1862, in explanation of the Rules promulgated May 18, 1862; no matter how badly defaced or torn they may be, so long as their genuineness can be clearly ascertained, and so that it is certain that not one-twentieth part thereof is missing. But all such notes as are unfit for re-issue, so received, should be kept separate and distinct, and, as occasion may require, be returned to the Treasury of the United States to be retired from circulation. Fractional currency, from which not one-tenth part is missing, will be received in the same manner. F. E. SPINNER, WASHINGTON, D. C., March 7, 1862. Treasurer U. S. [SPECIAL No. 1.] TO COLLECTORS OF CUSTOMS AND COLLECTORS OF INTERNAL REVENUE. TREASURY DEPARTMENT, OFFICE OF INTERNAL REVENUE, WASHINGTON, July 6, 1864. levy and collection dis The fifty-fifth section of the act of June 30, 1864, provides Concerning the that all spirits which may be in the possession of the distiller, or of duties on in public store or bonded warehouse, on the first day of July, tilled spirits. 1864, no duty having been paid thereon, shall be held and treated as if distilled on that day; and the duty of one dollar and fifty cents per gallon shall be paid by the owner, agent, or superintendent of the still, or other vessel, in which the said spirits shall have been distilled. Collectors will observe that this clause applies to all distilled spirits which were on the first day of July, 1864, in the possession of the distiller, or in any public store or bonded warehouse, and the tax of one dollar and fifty cents per gallon must be collected on the same when removed, unless removed for exportation, or in transportation bonds under section 61 of the act of June 30, 1864. For this purpose there is no difference between the different kinds of bonded warehouses. If, in any case, collectors have, before July 1, 1864, received money on account of spirits or other manufactures which had not, in fact, been sold, removed, or consumed, but were on that day in the possession of the manufacturer, or in public store or in bonded warehouse, such payment cannot be considered as the payment of a tax, inasmuch as the articles were not subject to a tax, and therefore does not relieve the articles from liability to the taxes imposed by the act of June 30. Collectors of customs will take notice that distilled spirits placed in public store prior to July 1, 1864, pursuant to the instructions contained in the "circular to collectors of customs and collectors of internal revenue, in reference to the act of Congress approved March 7, 1864," issued by the Secretary of the Treasury, and dated March 30, 1864, may, by virtue of the act of June 30, 1864, be removed from said public store upon the payment of the duty upon the same, at the rate of one dollar and fifty cents per gallon, notwithstanding such spirits were originally allowed to be removed for the purpose of exportation only. But collectors of customs will not permit such spirits to be removed, except for exportation, until the owner produces a receipt or certificate in duplicate from the collector of internal revenue for the district in which the public storehouse is situated, showing that the duties have been paid on said spirits at the rate of one dollar and fifty cents per gallon, one of which receipts must be forwarded to the Commissioner of Internal Revenue. The circular of March 30, 1864, above referred to, will continue in force, so far as applicable, until new regulations are issued. The bond for transportation of spirits and coal oil will be taken by the collector, as heretofore, but the applicant for a permit to remove spirits and coal oil is no longer required to swear that "the spirits or oil are designed for transportation to the said port for exportation," &c. The same form of bond, with the proper changes, may be taken for the removal of tobacco, and for the removal of spirits for re-distillation. Section 46 of the act of July 1, 1862, was not re-enacted, and, therefore, spirits can no longer be shipped from one district to another in bills of lading. Section 57 of the act of June 30, 1864, provides that distillers who distil or manufacture less than 150 barrels of spirits per year, may make monthly returns instead of tri-monthly. The regulations concerning leakage, prescribed in Circular 13, will continue in force until otherwise directed, excepting paragraph II., which, of course, becomes inoperative by the repeal of section 46, act of July 1, 1862. When spirits are removed, after payment of duties, from a bonded warehouse established under section 44 of the act of July 1, 1862, only one per cent. can be allowed for leakage. New forms for distiller's book and tri-monthly return will be issued shortly. In the mean time, the old forms can be used by changing the headings of two columns thus, viz.: the words " removed to other collection districts" should be erased, and the words " removed to bonded warehouse" substituted therefor; and the words "removed in bond" must be substituted for the words “removed for export." The oaths on the old form of distiller's book must be made to correspond to the oaths prescribed in sections 62 and 63 of the act of June 30, 1864. Approved July 8, 1864. JOSEPH J. LEWIS, Commissioner. W. P. FESSENDEN, Secretary of the Treasury. |