The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-06-13

ger who was very much interested in the
matter when / explained IL to him. He
had never seen any of the old loan secur-
tics, and after these were paid and cam
celed l believe he directed that one Of
them be framed and preserved. Wei. in
less than half an hours time the old New
Englander walked out of the building
with check in his pocket on the New
York sub-treasury for $4,000 in god How
that smart Boston banker must have ours
ed his own ignorance ana stupidity when
he learned what he had thrown away
"a circumstance very similar to this oc-
CURED In relation 10 some Texas indemni-
ty bonds 0he next oldest of our national
loans) whom Mr. Morrill, was Secretary of
the Treasury. A prominent Southern man,
who had held a high command In the Mex
lean war and was a Confederate general
officer, left among his papers a certificate
Of Texas indemnity stock, as II was called
for $4,000 His widow visited here soon
after her husbands death. and, being very
much reduced, was consulting the late
George Riggs concerning the disposition Of
some Texas lands Knowing that her
husband had been a large holder Of these
securities, Mr.. Riggs said:
Mrs. -. what did Gen. - do with
his Texas Indemnity stock?
81 really don't know, the lady answer
ed I never heard Of any such things.
BY the way said she. few minutes later,
4 saw in an Old envelope ] found among
mis- papers not very long ago something
which had the words Texas indemnity
on il. but | thought IL was only an old
receipt for taxes paid on the Texas lana
DO you think you can lind 1t again"
said Mr. Riggs, without telling her any
thing which would create expectations
f,.s,t I've
oh, yes she replied. I remember per-
fectly well where | put IT,
Have it sent to you here was the
next suggestion Of the banker; 1t Is as
wen 10 have all the papers relating 10 this
land togethei.'
I'm the course Of the next fortnight the
lady Same into the bank, and, handing
Mr. Riggs paper, said Here Is the tax
receipt / told you Of Instead of being
q tax receipt, however IL was $1,000
Texas indemnity certificate, on which five
years interest was due. and the Intense
qualification Of the lady may be imagined
when she was told that the old yellow bat
of paper would add 1880 in gold 70 her
worldly gods 1t came just in time, too,
for shy, was able with the money TO save
a valuable estate in Arkansas, which 9TH
erwise would have been sold to foreciose
a mortgage overdue. Nearly all Of the
Texas indemnity has been paid long ago,
ana do not think there can be more than
$25,0CJ which has not been called for. OF
course interest has ceased to accrue.
1.-THE next loan was that known in the
market as the $50 bond that could be
paid in five years or IN twenty after its
maturity. as the government might choose.
1t reached the limit two years ago, and
has nearly all been paid. 1t was largely
held ia Europe. There is only about half
a million outstanding
What percentage Of bonds do you esu
mate will never be presented?' was ask
ed.
1T is not possible for me to make any
estimate that would be accurate" he re-
piled. IN England about one-quarter of
/ per cent. of this figure. What becomes
OF the bonds Of course / cannot say. but
they are lost or destroyed. The govern
ment, on proper proof being made Of the
loss of bonds or their complete destruction
by fire, viii Issue new ones IN their place
or pay the money value for them to the
loser Not very long ago a mass OF wet
green paper which was nearly pulp, was
sent 10 the treasury department, with
statement properly verified that the gai-
lon and half OF greasy bad-looking. and
worse smelling stuff represented q large
sum in the old compound interest notes of