New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-11-25
TREASURY DEPARTMENT AFFAIRS.

WASHINGTON. Nov. 24.-The Secretary of
the Treasury to-day sent the following dlsPa'ch "
Thomas c. Acton Assistant Treasurer. New-Hork;
"Aeecpt unatured bonds all calls, including ll9th
without rebate of interest, at rate of ten millions per
week any day OF week, payable at your oce' uh'ii
otherwise ordered"
Tine Secretary of the Treasury this afternoon directed
estimates to be prepared VITA view to making another
call for bonds as possible.
The First Controller has rem Tered opinion in the
matter OF the payment OF lost registered bond OF the
United States with a blank Endorsement made thereon
by the payee but with certificate OF the aeknowedS-
1nent OF the execution thereon. The question was,
whether IL an imperfect assignment Is made ny the
poyee in registered bond OF the United states 10 pur
chaser for sufficient paid, court OF equity NAV
enjoin the payee receiving payment OF the Dond
and decree a specific performance OF the assignment
The First Controller decides: Fst-Ihe United STATES
may in proper case file bill OF intepeaier to deter
mine the rights adverse parties claiming right to pay
,uent OF a registered Government bond. Seeond-Ihe
assignee OF chose in action is subject 10 all the equities
between the assgnor and the debtor but the holder OF
negotiable instrument Endorsed for value in the usual
course OF business before maturity takes 1t relieved OIL
such eouties and is entitled to payment as against al
the world Thd-Regstered bonds OF the United STATES
are assicDabe but not negotiable They have some but
not ALL the attributes OF negOta0iity. tOurh-Ihe sec
Rotary of the Treasury has authority 10 prescribe reg
latons relative the transfer on tue DOCKS OF the
Treasury Department OF registered oOhds anu 10 require
assignments 10 be acknowledged before such officers as he
,nav designate as condition precejen: to right otrans
fer FiHh-The payee in regis cred bond who executes
and acknowledges q blank assignment thereof duly GER
titled permits i. TO pass b'iore maturity 10 BONA
f,de urcaser for value usual Of business
will generally be estOpped from denying the nggt of
such purchaser transfer or payment OF sGcI BOND
especially IL such purchaser Without notice IN law OF
FACT that the bond put IN circulation VITA a ola
assignment Sit-rhe legal title to reglstcred bond
OF the United sas only passes by transfer on the DOORS
of the Treasury Department but the rgnt TO transfer
IA Derfect wne an assignment IN due form Is properly
filed in the Department. SereH-A Oouanle purchaser
Ofbonds issued to him by duy authorized officers Is gen
orally entitled to be protected "a AGAINST lrfeRuidIles
preceding issue b ana as it mas been held In case
a new nd issued lieu OF assigned 10 MN an j
surrendered for reissue and c IN some cases OF success
sye transfers of bonds assSuedu blank Win guy Gel
fined acknowledgement OF execution OF assignment.
Tiohfh-Wnen payee III a registered Ooi u OF the
ITHed States in good faith makes an fndOrsetnenI III
blank and is lost without any certificate OF ackhow
alignment of the OF the assignment thereon ana
asse into the hands of bOna-de purchaser for value
before maturity aud IN tue usual course Of business he
payee l. not esopped from asserting his nights III bucn
bond,