The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-02-23

place. The afs5aytts Of other persons hav-
lag kre-~iexSge or the ownership OF the
bond and cs ia disans-earance. The asfiaavtts
Of persons as 10 the cre3.asII1y % tia Claim
ant. the nursfser and denomination OF the
oonc. etc or course ali these elEri.dcas
cannot be fSilaIied n every case. but as Tar
as possible they must b. fulfilled.
Wren a registered boad has been mutt
lated. TIE pieces are sent IN with the am
tavf-- Bonds are torn by children some
times. or they ara burned or injured in
some other way. Sometimes they are de-
stroyed entirely. and on the presentation
or satisfactory affidavs-S whether the bond
Is coupon or registered. the secretary OF
the treasury viii issue a duplicate On the
terms / have named. In one case OF rec
ora N the department a bond vas dupl.-
Gated on a plain showing that u had baen
destroyed and later IL turned up in the
original The owner had really believed
Il destroyed. but Il had merely got into
some waste. and IL found at the paper
mill In another case the treasury issued
duplicate OF bond which was found
later in a bank vault and sent in For ac-
count OF tbs owner By tho man who
found It
No "Popnlar" Loan.
The number OF coupon bonds in the pres
ent issue Is larger than Il win be a year
hence, because as thu securities accumulate
IN tie hands of investment purchasers the
coupon bonds viii be exchanged for the reg
sstered bonds Every loan changes char
acter this way. Most OF these registered
bonds are In the hands Of people or iilsti-
tutloiks owning large amounts. No loan -
really popular" Only per cent OF the
registered bonds outstanding In the name
or individuals Is held by the 1890 people
Who have small holdings. The remainder
Is with the big capitalists, who are secure
ffH<zr
would be worried all the time about the
prohle9natical 5. or per cent. OF a rail-
ROAD company or some other business en-
tcrprtse
Most OF the 500. noo. 600 worth OF the pres
ent bond issue viii be shipped from the
treasury to individuals or 10 the sub treas
uries. where they are 10 be delivered 10
the subscribers. A eomparatlvely small
amount VIII be taken from the treasury
department by subscribers here. and some
people VIII ship gold or gold certificates
TO the treasury from not far distant points
and ask that the bonds be shipped 10 them
direct But most OF the bids opened call
for the delivery OF the bonds at the sub
treasures In New York, Philadelphia and
other large cities. The bonds are pat up
IN heavy paper wrappers, sealed with the
treasury seal and delivered to the agent
OF the United States Express COMPANY
whe has an office in the treasury build
ms. MS company has the contract fer
carrying all the governments securities.
The company viii make about 1850 out Of
the Issue. Tho average government eN-
press rate for bonds is ~ cents on each
S.90 carried in the territory east OF the
Missouri river The rate for the coupon
bond is 10 cents. and for the registered
bond cents. The risk In carrying register
ed bonds is very small--asrnost nothing. ia
fac,-and the rate charged on them merely
ma ia Ia of i,aB limo nd
porting. But If an express car should be
robbed and 100000 worth OF coupon
bonds stolen and destroyed, even a rich ex-
press company would feel little bit em-
barrassed when called on TO give a per-
pctuai bond for $4,000 900 for the Issue OF
duplicates. There Is not much likelihood OF
any such happening, though. No bonds
have been stolen within the experience OF
the company now having the contract.
The largest issue OF bonds ever made by