Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-07-14
WASHINGTON NEWS.
The Five Per Cents-Reducing the FOrce
In the Pension Bureau Tho Postal


The Five Per Cents-Reducins the Forcs
In the Pension Bureau Tho Postal
Service.
FIVE PER CENT. FUND.
WASHINGTON, July 12.-Treasurer Gilfllau
has issued the following circular relative to
deposit for the per cent. fund OF the national
banks:
Treasury of the United States, Washington:
In accordance with the opinion OF the attorney
general dated June 30, 1881, national banks
may reimburse the treasurer of the United
States for their circulating notes redeemed in
any OF the following ways:
First-By check drawn on New York pay
able to the order of the assistant treasurer in
New York and cOllectable through the clear
ing house, forwarded directly to that officer
with instructions to deposit the amOut on ac-
count of the per cent. fund and 10 forward
certificate of deposit therefor to the treasurer
of the United States.
Secondly deposit of lawful money Of the
United states with the assistant treasurer, as
in New York, Boston, Philadelphia, Baltimore,
New Orleans. Chicago, Cincinnati, st. Louis,
or San Francisco, on account OF the per cent.
fund. Banks not situated in one OF the above
named cities should make deposit through
their correspondent. The certificate OF deposit
must De forwarded uirectiy W tue bicaeuLCi v.
the United States making deposit. Credit
cannot be given until it is received.
money Of the United States,
addressed to the treasurer of the United
States at Washington, D. c., marked with the
amount and nature of the contents, and the TACT
that it Is for the credit of the per cent fund.
The express charges, if not prepaid, will be
deducted from the amount OF the remittance
af government contract rates.
OUTSTANDING FIVE PER CENTS.
It is estimated by the chief of the loan
division of the Treasury department there are
about $50, 00O,O 600 registered per cent. bonds
outstanding. These bonds are redeemable at
will, with interest to date OF presentation.
They cease bearing interest October LIST. There
ere upwards of $l2,000GO0 coupon per
cent. bonds outstanding, which cease bearing
| interest August 18th, and are redeemable after
| that date.
PENSION DECISION.
The secretary of the interior has rendered q
decision in the matter of the rights Of inmates
of soldiers homes who withdrew from such
home without the consent of the managers,
to receive his pension directly into his own
hands. The secretary says the law
direct the payment Of pensions
to soldiers of the home, but also
guards the disbursement of pensions,
solely for the benefit of the pensioner. 1t is
sacred trust which can only be exercised
to ward those continuing in receipt of the care
cannot be given, or is repudiated by the SOL
diers, the institutions should not be entitled to
receive the pension.
THE PENSION BUREAU.
i Gen. VIM. ". Dudley, commissioner of
! pensions, has recommended the discharge of
over 100 clerks and a reduction of pay to over
sixty. Gen. Dudley ascertained the total
appropriation subject to nay Of employees was
$3.50. 70, The amount necessary to pay the
force employed is $9,313 so, making a de-
felt over this year of 81 .372 so. In deciding
upon the changes good service is the great OBJ
ect sought to be obtained. There are now
about $4,000 unadjusted claims to be acted
upon. There was adjudicated last year about
10000.
, POSTAL BUSINESS.
VIM. Hagen, second assistant postmaster
general, has prepared comparative statement
showing the increase in the business of post
age stamps, stamped envelopes, newspaper
wrappers and postal cards, including issues
for official use for the fiscal year ending July
80, 1881, over those of the preceding year.
The number of ordinary postage stamps issued
in 1880 was 875,6S7 $40; value, S22,4l4, 1928.
In June, 1851, the number was 954 ,128, i $40;
and value S24O, 4O6.43; the increase in number
being SIS, ,47O, and in value 81 ,625,7l5 per
cent of increase SO in number and TO in VAL
ne. The total number of postage stamps,
newspapers and periodical stamps, stamped
envelopes, newspaper wrappers postage, due
stamps and postal cards issued for all 10 the
public for the year ending June 80, 1880, was
1868, 424 ,052; value s31 ,932,57s. and for
the wear ending June 30 1881. 1.4y9, 773, 81 s.;
value, 1874 1888 ,579; increase in number, 1885,
$40, and in value, $2,5S7 ,0O0; increase per
cent in number, 10; invalue, 81. The to-
tai of all issues, including official stamps, Of
fetal stamped envelopes and wrappers, was
in 1880, 1867 1897 ,047; value, s32 ,342 In
, 1881, 1,504, Sll $50; value, 3,462,545. In.
crease in newspaper and periodical stamps and
newspaper wrappers over last year, 2a.7 per
cent. in number, and 11.6 and 12.9 per cent.
. respectively in value, which is the largest
point of increase, with the exception of postal
cards, which is Is per cent.