The New York herald., 1871-06-27
GOVERNMENT BONDS.
Report of the Committee Appointed TO Exam.
inc tine Cancelled Coupon Bonds Purchased
by Government.

inc tine Cancelled Coupon Bonds Purchased
by Government.
WASHINGTON, June 20, 1871
All the coupon bonds tnat have been purchased
within the last two years, with the exception OF
those now passing through the hands OF the account
ing officers Of the Treasury, have been examined
and found genuine. Those purchased in New York
are examined IN The office or the Assistant Treasurer
then In the Office OF the Treasurer at Washington
Alter this examination they are turned over to the
Loan ONCE Of the Secretary OF the Treasury Tor
examination and cancellation Next they pass
through the hands or the First Auditor and First
Comptroller Ior examination and allowance. Tney
are then sent to the Registers ONCE for examua-
tion and comparison with the Registers books OF
issue. From the Registers Once they passed to
the Committee ON the Destruction OF Cancelled
Securities. Within the last few weeks statements
have been made to the Secretary OF the Treasury,
though not supported by the least evidence
that bonds purchased by the government nave
been abstracted and sent 10 England for sale, ant
counterfeit bonds substituted Tor them. The Secre
tary however, appointed committee OF experts,
being engravers in the Printing bureau, to make q
careful examlna on OF all the bonds purchased,
with view Of ascertainlng whether there was any
Foundation for this rumor, and the committee hav
ing made careful examination, report that all the
bonds purchased are genuine. An examination has
Register, held to supply calls by exchange, and
these have likewise been found to be correct A
number OF bonds are retained in the hands OF the
Register TO supply demands Tor previous Issues by
exchange or otherwise. These are kept in the safe
to which are affixed their combination locks with
three several Keys, one Of which is kept Dy the
Register and the others by two clerks, one each,
that the action OF all three persons is separately
required to the safe. Tie following the fe.
port of the committce:-
BCREAU OF ENGRAVING AND PRINTING
TREASURY DEPARTMENT, June "a, 1871.
To Hon. &. s. BOUTWELL,, Secretary OF the Treas
SR-The undersigned. designated committee
examine the cancelled bonds IN the hands OF tn,
Committee the Destruction OF Bonds, Mr. Wilson
being chairman, with special reference to tht
genuineness Of the bonds, respectfully report thai
we have examined exchange cases nnmberec
2,c3I 10 $500 inclusive, AS per schedule, In the
hands OF Mr.. Wilson, consisting OF SO, 403 bonds Of
the denominations OF $50, slOo, $500 and 5000,
numbered TO = inclusive. ~ per schedule, con-
sisting OF 2solS bonds OF the denominations
10 G SG ssS NSDsr ana of H ionas eSams
loe,4sl Total amount, s6o7sl,359, all OF whien
after a careful examination, we iound TO nave been
printed from the genuine plates engraved in the
Bureau OF Engraving and Printing OF the Treasury
Department. In exchange case, No. 3les, there
was memorandum stating that two bonds OF the
determinations or Sl.0Uo each, No. A242 and No,
IL 524 were delivered the loan branch OF the Sec
retarys oilce, 10 be used Ia New York as evidence;
also in exchange case, No. l3, l47, there memo.
randum stating thai three bonds 900 each had
been Withdrawn and sent TO New York, to be used
as evidence. in the suit OF the Bank OF Newark.
These missing bonds are not In the amount reported
examined by us.
IL has been suggested to your committee by Mr. n
George w. Casilear, superIntendent OF engraving
and transferring that that portion OF the bonds con-
tainlng the number and denomination should be
preserved for future reference ana examination, IN
case OF a duplicate number beng presented. We
consider this suggestion Important and would re-
spectfullv recommend its adoption; and, further. .
more, we endorse the opinion OF the chief OF this
Bureau, Mr.. George B. McCariee, that duplicate
copy o! all bonds ana notes Issued by tue govern
ment under the several acts. of each denomination.
printed upon the same quality OF paper and pro-
perry cancelled should be preserved in this depart
ment In tue Bureau oil Engraving and Printing for
future reference. IL Is within the kn0wledge Of
your committee that q note was sent from the Loan
Branch OF the Secretary's Office TO Mr.. Casilear Tor
examination OF which there was no Information OF
such issue, and nothing with which compare It in
order to form an opinion as 10 It's genuineness.
Your committee desire to bear testimony 10 the
courtesy OF Mr.. Wilson aiiording every facility
while pursuing our examination. Respectfully SUBJ
mitted. DAVID NJ. COOPER, | cor,r,,,,oo
WILLIAM II. EARLE Nohini'''eo'