This past winter as I was clearing snow off my car I found a wallet in a snow bank. There was about $200 in it. I contacted the guy through his business card and returned the wallet that night.
The guy rewarded me with a bottle of Veuve Clicquot!
I will admit, however, that a couple of years ago I was in a cab on my way to a bar for some drinks with friends and I found $450 rolled up in a rubber band in the backseat.
I guess my suspicious nature took over and I reasoned with myself that the cabbie would just keep it for himself (I would probably have been wrong - no offense meant to cab drivers).
I’d look inside for the owner’s phone number, call him/her if I could find it, and return the wallet. If I can’t track down the owner, I’d deliver it to the nearest police station.
I am sickeningly honest. I’d return it, cash intact. I very strongly believe that I should behave in such a way that the world would be a good place if everyone behaved that way.
A couple of years ago some magazine did a study where they left wallets on the streets of various cities. The results varied a bit from city to city, but generally 2/3 of the finders returned the wallet and cash, 1/3 did not.
Am able to get in touch with wallet’s owner, whether via 800# on back of credit cards or lawyer’s biz card or whatever (you didn’t mention driver’s license): return items.
Not able: keep money, cut cards into shreds and dispose of.
I would attempt to contact the person. If, say, there is more than one person with that name in the phone book, I would call all, tell them I found a wallet with their name, and make them tell me the name of the lawyer on the card to get it back (so I could make sure it was the right person). If, however, after all efforts I was unable to contact the owner, I would keep it and be extra generous the next time I want to donate to a charity.
I’ve found 4 wallets and a checkbook. I returned them all. I waved off rewards. One guy was adamant about paying me, and I gave the money to charity. I believe that good deeds come back to you; even if they don’t, they feel good.
I once found a woman’s purse, not much money in it, something like $20. I got her address from her driver’s license and went to her house to return it. She was very, very rude and wouldn’t even let me approach the front door. I walked away, took the cash and through the purse in the trash.