The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-01-13


OF 1862. amounting 10 nearly 100000
was called between 1s1I and fs15 but there
is sun S22lzi0 OF Il outstanding. Four
thousand dollars worth Of these bonds
called March -, 1872. came in for relemp-
uon during the last year. They had drawn
no interest for twenty-five years.
On the loan Of June. lsjf. there is still
outstanding $3.50. and none Of IL has
drawn interest since 1876. There Is s-ll50
or the loan Of 1865 (the 5--Jsl still out. The
last Of this was called IN 1871. OF the con-
soils of 1850. called between 1871 and 1873
there was $50 worth presented for re-
demptioa last year. and there is Sll3,7J9
worth outstanding, drawing no interest
VI the coAsols Of 1867 SIS gu worth were re-
deemed during the year. and sl76.50 worth
remain unredeemed Altogether the gov
eminent Is ahead about $3.50 H.D ou the
bonds which VIII never be presented for re-
demption. and IL is many thousands ahead
on the unpaid interest on LARGE amounts
hich have not been paid when due. II is
singular that with aH the safeguards
which surround the ownership OF bonds
there should be such q heavy loss in
them. The smallest denomination 81 bonds
Is 500. A security OF this determination is
not l1ely to be thrown about very care
lesaiy. Then large proportion of the is
sue OF each class Of bonds is registered and
the ownership Is easy 90 prove i'm the
tered bond the treasury w.il issue a new
bond TO tho owner on satisfactory security.
The owner of the lost or astroyed regis
tered bona has to file with tile Secretary Of
the Tree ury a bond In the amount Of the
original bond and the interest which would
accrue on It up to date Of redemption,
win TWO good ana Sufficient securities,
residents OF the United States. in making
proof Of loss the claimant must give the
"a fsf h.r If
inc person from whom the bond was pur-
chased and the amount patl for it, the
place OF deposit from which 10 was lost and
the names OF any persons having access to
this place, the afiidavlts Of others knowing
OF the existence Of the bond and its disap-
learance, the aftidavi-s Of credible persons
as 10 the reliability OF the claimant. the
number denomination. etc. Of the bond
a man who has lost coupon bond can
not recover It's face value. BUT II the cou-
pom bond mas been destroyed or mut!lated
the owner can present proofs similar to
those required for O. rec. stored bond and
the Secretary Of the Treasury win issue
a duplicate II he files a bond in dou-
Die the amount Of the lost bond and ac-
cruing interest Many duplicates of lost
or destroyed bonds are issued every year
sometimes 10 has been necessary for q
man VINO has lost bonds TO go TO congress
Tor relief This was necessary I'm the case
OF the Manhattan Bank Of New York.
which lost ST. 900 worth Of bonds IN what
Us known as 1.-THE great bank robbery" of
1915, and Which was unable to give . bond
in sum sufficient to comply with the een-
eral statute. Congress passed a spactal
la" FOR the benefit of this bank. author
Eng the Secretary of tine Treasury to
issue duplicates on proof hat the orlgi-
mails were the property of the institution
anu haa not been transferred, and on COM
uitlon that a certain number of the bonds
be held by the Secretary of the Treas
ury Tor a time to secure him against pos
sible claims by the holders OF the bonds
in case any Of them had been trans
ferrel.
The amount which the government may
make In destroyed stamps each year
is not determinable but undoubtp8iv ir
amounts TO great many hundred dollars.
The stamp collectors furnish a large rev
enue 10 the government, for they pur
away stamps at their face value. and the
postofiice department Is never required
TO perform the service which is repre-
scented by the purchase price The govern
ment 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 70 lost postal orders. their value Will
amount to $50,000 or $4,000 every year. and
this amount is clear profit, for transmits
sion OF the money has been paid for in ad-
vance certain number of checks and
warrants of the government are DESTROYED
and never paid, but their value is not
considered.
1t has occurred to the alert reader that
in event of the current biz becoming a
law the banks will make a good thing OUT
of this destruction of money.