The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1895-01-12

drawn interest since 1875. There is Ss4, $50
of the loan of 1865 (the 5-20s) still out. The
last of this was called in 1877. OF the con-
soils of 1856, called between 1877 and 1879.
there was $4,000 worth presented for re-
demption last year, and there is Sl13. 700
worth outstanding. drawing no interest.
Of the conssls of 1867, SIG. 400 worth were re-
deemed during the year and S176,500 worth
remain unredeemed Altogether the
government is ahead about a million and
quarter on the bonds which will never be
presented for redemption; and 1t Is many
thousands ahead on unpaid interest on
large amounts which have not been Iaid
when due. 1t is singular that with all the
safeguards which surround the ownership
of bonds there should be such heavy loss
in them. The smallest denomination OF
bonds is $50 A security of this denomina-
ton ia not likely to bethrown about very
carelesgly. Then, Il 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
new bond to the owner on satisfactory
security. The owner of the lost or destroyed
registered bond has to file with the secre-
tary of the Treasury bond in the amount
of tne original bond and the interest which
would accrue on it up to the date OF
REDEMPTION, with two good and sufficient
securities. residents of the United States.
In making proof or loss the claimant must
give the time and place of purchase. the
name of The person from whom the bond
was purchased and the amount paid for It,
the r,lace of deposit from which it was lost
and the names of any persons having
access to this place the affidavits of others
knowing of the existence of the bond and
its disappears the affidavits OF credl-
ole persons as to the reliability of the
claimant: the number, denomination, etc..
of the bond.
LOST BONDS MADE GOOD.
a man who has lost a coupon BOND cannot
recover its value. But if coupon bond
has been destroyed or mutillated. the owner
can present proofs similar TO those 1e-
auired for a registered bond, ana the sec
retary of the Treasury will issue dupli-
cate if he files bond in double the amount
of the lost bond and accruing interest.
Many duplicates of lost or destroyed Londs
ave issued every year. Sometimes 1T has
been necessary for man who has LOST
hon Dis to go to Congress for relief. This
Rark of New York, which lost Sl,6W,0O.
wort h of bonds in what is known as the
great hank robbery of 1878. and which was
unable to give bond in sum sufficient to
comply with the general statute. Congress
nassed a special law for the benefit of this
bank. authorizing the Secretary OF the
Treasury to issue duplicates on proof that
the original were the property of the IN
stitutions and had not been transferred,
and on condition that a certain number OF
the bonds be held by the Secretary OF the
Treasury for "a time to secure 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
d.terminatle: but undoubtedly it amounts
10 great many hundred dollars. The
stamp collectors furnish large revenue to
the government, for they put away stamps
at their face value and the Post ONCE De-
partment is never required to perform the
service which is represented by the pur-
chase price The government of Liberia
and some of'the smaller South American
Governments are said to make large III