Little Falls transcript. [volume] (Little Falls, Morrison County, Minn.) 1876-1894, 1884-08-08
WEALTH UNCLAIMED.
Millions Of Dollars In the Treasury
Awaiting Unknown Ho1dholders.

AWa1VlnB U0RnOWn h0ldholders. &
A curious fact shown by the United
States Treasury's balance-sheet at the
close Of the years business is that there
is nearly $40, 000, 900 Of outstanding
government securities on which the
money is. due and uncalled for, writes
the Washington correspondent Of the
louisville Commercial. On all Of these
interest has been closed, and there can
be no possible reasons for the holders
to delay presenting them for redemp-
ton. Some of them have been due for
many years. On some Of them there il
due large sums of interest, which have
not been called for, so that the interes
on these alone amount to $347 900.
What has become Of these documents
and why they are not presented is some
thing that no one can find out. Some OF
them have matured half century ago
and are still unheard from and unpre.
sented. OF the old debt, which matnred
prior to January 1, 1887, there is still
outstanding $57, 665 Of prip cipal,and Sd, :
ia of interest. OF the Texan indenni-
ty stock, which matured so years ago,
there is $40 900 yet outstanding not
presented. OF the 5-20s of '62, which
matured more than ten years ago and
on which interest ceased at that time
there is still outstanding 1855 $50. Of
the 10~40s Of "a, which matured five
years ago, there is yet unrepresented
$17s,S50, with interest Of SIS AGO also
due and unpaid OF the per cent con-
soils, which matured two years earlier
there was $276,600 yet unrepresented,
and Of the 6 per cent consols matured
in 1879 there is over half q million dol
lars ct uncalled for, with interest ma
tured, 10000. OF the S per cents,
which 1natured in 1882, there is still
nearly $500, 900 unrepresented, though
the interest ceased at maturity. OF the
compound interest notes of 1864, which
matured in 1867 and 'GS, over $500 200
are still out and uncalled for,
while Of the 7 3O's of the same
year, which matured more than Is
years ago $133, 800 has never yet been
called for, nor has some $50, 900 of in
terest on them been demanded. What
has become of these bonds which repre-
sent so much money is hard to under
stand.
Some Of them have probably been
destroyed, perhaps the majority Of
them, though it is proper to add that
the bulk Of the $19, 900, 900 due and I'M
presented is of that which has fallen due
within tho past year, and which will
doubtless be presented when the we'll
fed and leisurely coupon clippers 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 lost by fire and
food, others laid away as permanent in
vestments of some fund, or perhaps for
gotten in some dusty safe or mouldy
pigeon-hole. Why or how it is that
such large sums are still outstanding
and liable to continue so, is not even
within the comprehension Of the most
experienced treasury official to an
sweE. 5<}