The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1895-04-30
UNCLAIMED MONEY.
Millions and Millions Ina the EnSiisl
Governments Hands.

Governments Hands.
There is a vast amount of buried
| wealth in the world besides that which
the ocean covers and the virgin ore
awaiting the miners call: but few
people know the locale of these hidden
moneys In the following jottings we
have e~ndeavored to indicate the chief
sources from which unclaimed moneys
arise, and how they are dealt with.
Funds in Chancery (England)-The ex-
act amount of the unclaimed funds be-
longing to suitors or their representa-
tives, undealt with for fifteen years or
upward, is two million three hundred ana
twenty7seven thousand eight hundred
and twenty-three pounds. Prior to lsSy
securities; but in 1870 the fund.- were used
t Sshsa the the redu Saitda+s of The fand Naf beIne
thenceforward liable in respect of all
| successful claims to such funds. On the
twenty7eighth Of February, 1898 the total
ture We're sixty-fve million four hun-
dred and eighty-one thousand. eight hun
bred and sixty-siX pounds; but the pro,
| portion unclaimed is not stated. 1t Is a
remarkable fact that part of the sur
plus interest of these funds-rspresent-
| Piled toward the erection of the Royal
Courts of Justice. Moreover. in 1881. Mr..
SsIe t1ae Gove mI11ion no borrowed , ef the he
suitors' fund for National debt purposes.
Funds in Chancery Qreland)-lt IS
pDbS aRblin. az az 1 a Cost s of Of f ddN aDi mlllio ],
pounds. out of the unclaimed suitors,
funds 14n1T;a t Many Il years gaazlv ago f1o a bg ainliaI a api
builiding the Courts Of Law in Dublin.
The consolidated u is liable to make
| good this deficit.
Unclaimed dividends on Government
stocks-An dividends and stocks unclaimed
for ten years are transferred to the Ma
| tional Debt Commissioners till claimants
| appear. In 1886 no less thin f3.000.0OO OF
the unclaimed stock was cancelled ana
the consolidated fund made liable in re-
spect of successful claims to SUCH mouey.
In 1890 the balance of stock remaining
unclaimed was fS5S, 1872. and the unclaimed
| dividends amounted to 1887, 1853. 1t may
be mentioned that the Exchequer some
| years since realized d windfall Of one,
hundred thousand two hundred and
eleven pounds, representing fractions OF
| pence saved in the payment of DIVIDENDS
This is one more proof OF the old saying
Many a mickle makes a muckle,r
Estates Revertlng to the
1884 the statue of limitations was applled
to the recovery OF estates failing TO the
have been accumulating for centuries
were thus swept into the Golfers of the
State. The total amount received by the
"Crown's"nominee from 1S76-the date of
the passing of the Intestate Estates act
of 1S93-reaehed one million seven hundred
and eight thousand nine hundre and
vas claimed by the rightful owners, and
after payment of the Crowns share, for
| her Maesty's use, the balance in hand in
1893 was nfnety--six thousand pounds one
hundred and forty-seven.
Bankrupt Estates-The New Bank.
ruptcy offices have, been. erected. out of
part of the unclaimed funds in bankruptcy
The total liability of the E~xchequer in
respect of unclaimed moneys arising from
| bankruptcy in England and Ireland is one
million one hundred and thirty-six thou
sand and fifty-ive pounds
Scottish Estates-The Register Office,
, Edinburgh, was built out of funds arts
ing from forfeited estates"
Soldiers Monety-No less than one
hundred and fourteen thousand one nun-
the amounts of the effects of deceased
soldiers, has accumulated during the
past went years. This amount has been
handed over to the Patriotic Fund Com
missioners for distribution, owing to the
! rightful heirs failing to claim
Army and Navy Prize Money3aUpward
of four hundred thousand pounds of the
unclaimed army prize money has been
used for keeping VI Chelsea Hospital and
grounds, etc. The balance due to soldiers
hundred and two thousand and eighty
nine pounds. Curiously enough, only. four
teen pounds was paid to claimants dur1ne
| department were about four hundred
pounds. Unclaimed. naval prize money
i trahsfe p1y ov to TIVE f snndred and f hfpS.
| thousand pounds is due to the sailors or
their kindred.
The foregoing extracts show parts of
the large amount Of money lying un-
| claimed in the United Kingdom. 1t is Off
| cially stated that liabilities of the con-
solidated fund are considered to be re-
mote, and the state, not likely to be
called upon to any material extent, to
discharge. But, on the other hand, the
Chancellor of the Exchecuer, in his
budget speech of 1891, stated that in the
! year ne had been called upon quite I'M
expectedly to provide one hundred thou,
sand pounds in respect of unclaimed
funds in chancery. It was supposed that
a large sum owing to suitors would never
be claimed, and it was written off. Ex-
p~erience has proved that IN increased
spirit of research, assisted by those
means of increased publicity with which
! the day demands and receives , had en-
abled many suitors who it was believed
would never make claim to make their
| claim.
Discussions in Parliament, the press and
| elsewhere show the urgent need of great
er publicity as to all unclaimed funds.
! Lists of some unclaimed money are still
| only published in the london Gazette
| while many others are not published at
| all. Until these lists are published in
newspapers likely to be seen by the per-
| sons interested the amount of money
/ r,,,cf oa M, Do--aaSinC oh pobprc To1t~-