The daily morning journal and courier., 1895-03-01

l considerable loss, and Salu that the to tai estimated at that time for the periot
 ending January 1, 1894, was less thar
 twelve and half millions.
 Here is a statement in detail of the
 notes and certificates issued by tht government estimated to have been des
 troyed beyond all possibility of redemp
 ton up to January 1, 1891: United States notes, $5,410,541; silver certifi' cates, $447 GOA; gold certificates, $2O0,'
 900; national bank notes, $6S94555. To
 tal, $12, ,452, 1000.
 MT. Huntington, the chief of the loans and currency division of the govern ment, estimates that not more than one or two millions have been destroyed since January 1, 1891. The carelessness which prevailed during the war period he says, was responsible for large amount of the missing money and the destruction now, while 1t increases in 1 proportion to the increase in the amount of money issued, Is not so great proportionately as it was at that time It amounts probably to less than half a million dollars every year.
 As the amount represented by unre~ | deemed coin and abrasions of gold and silver coin, that would be hard to esti- mate accurately. It Is estimated that | $100,000 worth of silver coin is used every year in the arts; and as the coin value of this Is only about $60,000 the government makes 1000 by the trans action. There is about $60,O0O worth of abraded silver coin purchased during a year at its bullion value and recoined, and on this the government makes be- | tween it's face value and the bullion value, less the cost of coining.
 | The amount of silver and gold coin which has disappeared from circulation and which will never be presented for | redemption, cannot be estimated. In 1 the case of the gold coin, there is no profit to the government represented. In | the case of the silver the profit is 20 to 40 cents on each dollar, according to l the value of the silver when the dollar ! was coined.
 Of the recent issue of bonds certain proportion will never be presented for redemption, The treasury department could figure in advance, if the secretary wished to do so, just about what the profit of these bonds would be.
 IbG NdluG OL LlfC IIllSSlllB SSCullNlGS OL the United States now outstanding which will probably never be presented for redemption Is about s1,250.00O, ac- cording to MT. Huntington. These obli- gations date back to 1S47. A series of $25 bonds was issued under the bounty land scrip act of 1s47, and even now, at long intervals, these bonds come in for redemption. But the number is very few. There are still outstanding about $500 worth of these bonds.
 The loan of 1862, amounting to nearly $400,000,000 was called between 1871 and 1875, but there is still $220,000 of it out standing. Four thousand dollars worth of these bonds, called March 20, 1S72 came in for redemption during the past year. They had drawn no interest for twenty-two years.
 Of the loan of June, 1864, there is still outstanding $16,4O0, and none of it has drawn interest since 1876. There is $24,- 15O of the loan of 1865 (the5-2Os) still out. This last of this was called in 1877. Of the consols of 1865, called be- tween 1877 and 1879, there was $2,300 worth presented for redemption last year, and there Is $113,700 worth out standing, drawing no interest. Of consols of 1867, s16, 400 worth were re- deemed during the year and s176,500 worth remained unredeemed. Altogeth- CT the government is ahead about a million and a quarter on the bonds which will never be presented for re- demption; and it is many thousands ahead on the unpaid interest on large fey ,on s5 when due. It is singular that with all the safeguards which surround the ownership of bonds there should be a heavy loss in them. The smallest de- nomination of bonds, is $50. A security of this denomination is not likely to be thrown about very carelessly. Then, a 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 registered bond, the treasury will issue a new bond to the owner on satis- factory security. The owner of the lost or destroyed registered bond has to file with the secretary of the treasury q bond in the amount of the original bond and the interest which will accrue on u up u bHC IidLS Ol ICuGIIpllOH, WllH two good and sufficient securities, resi- dents of the United States.
 In making proof of loss the claimant must give the time and place of pur- chase, the name of the person from whom the bond was purchased and the amount paid for 1t, the place 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 dis appearance; the affidavits of credible persons as to the reliability of the claimant; the number, denomination, etc., of the bond,
 A man who has, lost coupon bond cannot recover it's value Or, if a coup on bond has been destroyed or mutilat- ed, the owner cannot present proofs similar to those required for a register ed bond, and the secretary of the treas ury will issue duplicate if he files a bond in double the amount of the last bond and accruing interest.
 Many duplicates of lost or destroyed bonds are issued every year. Sometimes it has been necessary for a man who has lost bonds to go to congress for re- lief. This was necessary in the case of the Manhattan bank of New York, which lost $1,6OO,OOO worth of bonds in what is known as "the great bank rob-