Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-12-29

such q heavy loss in them The smallest
denomination Of bonds Is $50. A security
Of this denomination is not likely to De
thrown about very carelessly. linen,
large proportion of the issue of each class
of bonds is registered. and the ownership
Is easy to prove.
In the case of the loss or destruction OF
a registered bond, the treasury will issue
a new bond to the owner on satisfactory
security. The owner of the lost or de-
stroyed registered bond has to file with
the Secretary Of the Treasury q bond In
the amount Of the original bond and the
interest which would accrue on 1t up TO
the date of redemption, with two good
and sufficient securities, residents or the
United States. In making proof OF loss
the claimant must give the time and place
of purchase the name Of the person from
whom the bond was purchased ana the
amount paid for II, the place or deposit
from which 1t was lost AMI the names OF
any persons having access to this place;
the affidavits of others knowing OF the
existence of the bond and its disappear
ance; the affldavits Of credible persons as
to the relia bility of the claimant; the num-
Der, denomination, ETC., Of the BOND.
Lost Bonds Made Good.
A man who has lost a coupon bond can
not recover its value. But IL coupon
bond has been destroyed or mutilated, the
owner can present proofs similar to those
required for a registered bond, and the
Secretary Of the Treasury will issue du-
plicate II he files a bond in double the
amount of the lost bond and accruing In
terest Many duplicates of lost or destroy
ed bonds are issued every year. Sometimes
1t has been necessary for man who has
lost bonds to go to Congress for relief
This was necessary in the case OF the
Manhattan Bank of New York, which lost
81 100000 worth Of bonds in what is known
as 1.-The great bank robbery" of 1878, and
which was unable to give bond In sum
sufficient to comply with the general stat
ute. Congress passed a special law for the
benefit of this bank, authorizing the Sec
rotary Of the Treasury to issue duplicates
on proof that the originals were the prop
erty of the institution and had not been
transferred, and on condition that a certain
rumber of the bonds be held by the Sec
rotary of the Treasury for a time to Sc
cure him against possible claims by the
holders of the bonds in case any OF them
had been transferred
The amount which the government may
make in destroyed stamps each year is not
determinable; but undoubtedly 1t amounts
to a great many hundred dollars. The
stamp collectors furnish a large revenue
to the vernment, for they put away
stamps at their face value and the Post
Office Department is never required to Per-
form the service which Is represented by
the purchase price. The government of
Liberia and some of the smaller South
American governments are said to make a
large income by issuing new stamps at
comparatively short intervals. AS to lost
postal orders. their value will amount to
$4,000 or $4,000 every year; and this
amount is clean profit for the transmission
of the money has been paid for in advance.
certain number of checks and warrants
OF the government are destroyed and never
paid, but their value is not considerable.