The Lake Charles echo. [volume] (Lake Charles, Parish of Calcasieu, La.) 1876-1898, 1884-09-20
Unclaimed weaItus.

Boston Advertiser.
A curious fact shown by the United
States Treasury's balance-sheet at the
close Of the years business is that
there is nearly twenty million dollars
of outstanding Government securities,
on which the money is due and un-
called for On all of these interest
has been closed, and there can be no
possible reasons for the holders TO de-
lay presenting them for redemption.
Some of them have been due for many
years. On some of them are due large
sums of interest, which have not been
called for, so that the interest on these
alone amount to three hundred and
forty-seVen thousand dollars. What
has become of these documents and
why they are not presented is some
thing that no one can find out. Some
of them matured half century ago
and are still unheard from and unpre-
sented. OF the old debt, which ma
tured prior to January l, 1881, there
is outstanding fifty-seven thousand six
hundred. and sixty-fve dollars of prin-
eipal, and sixty-tour thousand one
hundred and seVenty-four dollars of
interest. OF the Texas indemnity
stock, which matured twenty years
ago, there is twenty thousand dollars
outstanding not presented. OF the
fiys-twenties of 1869, which matured
more than ten years ago, and on which
interest ceased at that time, there is
still outstanding three hundred and
fifty three thousand two hundred and
fifty dollars. OF the ten-forties of
1864, which matured five years ago,
there is yet unpresented one hundred
and sevsnty-eight thousand eight hum
dred and fifty dollars, with interest of
fifteen thousand four hundred and
sixty dollars also due and unpaid. OF
the six per cent. consols, which ma
tured two years earlier, there was two
hundred and seVenty-six thousand six
hundred dollars yet unpresented, and
of the six per cent. consols matured
in 1879 there is over half q million
dollars yet uncalled for, with interest
matured, fifty-six thousand nine hun
dred and ninety nine dollars. OF the
five per cents, which matured in 1881
and 1882, there is still nearly eight
hundred thousand dollars unpresent-
ed, though the interest ceased at ma
turity. OF the compound interest
notes of 1864, which bear six per
cent. interest, and which matured in
1857 and 1868, over two hundred
dollars are still ont and un-
called for, while Of the seyen-thirtics
of the same year, which matured more
than fifteen years ago, one hundred
and thirty-three thousand eight hun
dred dollars has never yet been called
for, nor has twenty thousand dollars
interest on them been demanded.
What has become Of these bonds
which represent so much money is
hard TO understand.
Some of them have probably been
destroyed, perhaps the majority Of
them, though it ID proper TO add that
the bulk Of the nineteen million dol
lars due and unpresented is that Of
which has fallen due within the past
year, and which will doubtless be pre-
sented when the well-fed and leisurely
realize that there are
no more coupons to be clipped upon
them, or that, if so clipped, they will |
not be honored because of the fact |
that the bonds have been called,
There are, however, millions which |
have been due many years, and have
not been paid simply because they
have NOT been presented. Some Of |
these have doubtless been destroyed
By fire and food, others laid away as
permanent Investments of some fund, |
or perhaps forgotten in some dusty |
,afe Or moldy pigeon hole. Why Or
how il Is that such large sums are still /
outstanding and liable to continue 50,
. not even within the comprehension
If The most experienced treasury OH
cial 70 answer,