Morning journal and courier., 1881-06-20
THE NATIONAL CAPITAL.

Refunding Outstanding Bonds The Work of Secretary Wfndom-The In- vestigattons i'm the Various Depart ments.
 WASHINGTON, June 19.-The Secretary of
 the Treasury has not yet had an opportunity
 to examine the registered five per cent bonds
 held for his action on account of irregular transmissions so as to decide what portion of
 them may be converted into 34 per cents
 There is quite large amount of this class of
 bonds, and until the Secretary determines
 how many of them can properly be contin-
 ued at the lower rate it cannot be stated what
 amount of registered fves will be extended.
 The bonds which have been received in strict
 accordance with the regulations exceed the
 limit of $25O, OOO, ,OOO fixed for the conversion
 of fves into 3a per cents by from $1o,OOO,-
 900 to $12, 900, ,OOO There have been about
 $3, 500, 900 of registered fives converted into
 SIS at the London agency. Two messengers
 have been sent from here with the new bonds namely, Messrs. J. Stanley Brown and w. W. Utiz The latter started to sail from New
 York yesterday. The amount of coupon five
 per cent. bonds which have been presented
 at the London agency for continuance at the
 
 received at the Treasury department to date,
 aggregate, as near as can be figured, $14, ,5OO,-
 GOO. This amount, added to the $45, 800, 900
 which have been presented for continuance
 in this country, exclusive of yesterdays re-
 ceipts, leave a balance of $58 1000, 900 in
 coupon fives to be heard from before the
 entire amount outstanding ($118, ,OOO, OOO)
 will be covered. There remain but eleven
 days Sundays being excluded, in which these
 bonds may be extended, before the expira-
 tion of the time fxed-namely, July l, ren-
 dering an average daily receipt of more than g., ,OOO, 900 necessary. From information re-
 ceived here it appears that number of banks
 are collecting the coupon ives, with 8 view
 to forwarding them after large amounts have
 accumulated. The temporarily increased
 force of the loan division is still working on
 the bonds, and it will not be reduced until
 the entire work of the changes in the bonds
 have been completed. Papers have been
 received by the Comptroller of the Currency
 from the Secretary of the Treasury
 representing five per cent. bonds be-
 longing to 765 banks, amounting to $1O8,-
 763, POO. which have been continued into 34 per cents The whole number of banks holding five per cents authorized to continue
 by the Secretary is ], 34S, and all the papers representing these bonds have been receipted
 by the Comptroller from the Secretary, ex-
 
 number of withdrawals of five per cents for continuance received by the Comptroller from the Treasurer is 389, and the amount of
 such withdrawals is $S2, 736, $50. All of the six per cent. beads held by the national banks. amounting to $45, ,OOO, 900, have been continued and extended bonds deposited in their place, with the exception Of the bonds held by one bank, amounting to $50,000. At | the close of business yesterday there had been received $47, 400, GOO in coupon five per cent. bonds for continuance at three and one
 half per cent Treasurer Gillian has issued
 checks paying the final interest at six per
 cent. to July on $16O, GOO, 900 of the sixes of 1881, which have been continued. The interest aggregates $4, S36, 1S1. He has also issued checks for the final payment of inter est at five per cent on $136, ,00O,O 900 of the 1 fives of 1881, continued, which amounts to about $1, ,9O4 ,292. The Superintendent of the railway mail service has issued order | directing that signal service weather reports be treated as letter mail, and 1nstructing postmasters and employees to use the utmost care in forwarding the matter, as the utility | of the reports depends entirely upon their prompt delivery.
 There seems to be luIl in the investiga- I tions under way at the Capitol just now. Room 59 at the Postoffice department has | been closed for several days, but the agents | of the department are said to be busy in oth- CT places looking up evidence in the Star route cases Postmaster General James is I having the voluminous evidence formulated, and as fast as the requirements become ap- parent for the benefit of the service they will be promptly met. The official or der, which, it is said, will reduce | the expense of the department $1OO,000 per year, is not forthcoming, but is expected during the coming week. The Treasury in. vestigation is virtually concluded, but the de- tailed report of the investigating committee has not been made to the Secretary. Major