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Mexico, Audrain County, Missouri
What is this article about?
Public advisory on redeeming mutilated U.S. legal tender notes at the Treasury Department: full value for at least three-fifths of the surface; half value for two-fifths to three-fifths; full value for less with affidavit and character attestation; destroyed notes not redeemable.
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In the hands of John Doe or of Richard Roe any mutilated note of legal tender in the United States is redeemable at its face value, provided a clear three-fifths of its physical surface be presented at the redemption window of the United States treasury department.
Doe or Roe may have to submit to a little questioning, perhaps, as to how he got it or how the accident happened, lopping off that other two-fifths. But if he doesn't stammer and choke, or attempt a clean cut for it, he'll get the full value of the mutilated bill.
By inference, then, neither Roe nor Doe may expect anything doing if he shall present less than the prescribed three-fifths of the piece of currency. But the national government, still liberally disposed toward Roe and Doe, will accept a fragment that may be less than three-fifths, but clearly more than two-fifths of the original note, paying just half the value of the original bill, however, as penalty for the accident.
In the case of James Brown Smith, Esq., known and respected in his home city, he may recover the full value of his note that is under two-fifths measure, provided he will appear before an officer of the law qualified to administer oaths and make affidavit as to time, manner, and place in which the mutilation was accomplished. This affidavit will be attested by the official seal of the officer, who also must be prepared to attest in like manner the good character of the affiant. Except in the above instances, insufficient portions of a note or notes are returned to the persons presenting them for redemption. Paper currency which has been destroyed, totally, is not redeemable under any circumstances.
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Domestic News Details
Outcome
full value redeemable for notes with at least three-fifths surface; half value for two-fifths to three-fifths; full value for less than two-fifths with affidavit on mutilation and character attestation; insufficient portions returned; totally destroyed notes not redeemable.
Event Details
Mutilated U.S. legal tender notes are redeemable at face value if at least three-fifths of the physical surface is presented at the Treasury Department redemption window, possibly with questioning on origin. Less than three-fifths but more than two-fifths yields half value. For under two-fifths, full value possible with affidavit before a qualified officer detailing time, manner, place of mutilation, attested by seal and good character certification. Hypothetical examples use John Doe, Richard Roe, and James Brown Smith, Esq.