Evening star. [volume] (Washington, D.C.) 1854-1972, 1900-09-17

June 10. 1880, and the interest upon them
carefully computed. and 1855 per cent bonds
were issued and SOLD to cover the provis-
ions of the act
the interest g1ovided for in this act on the
certificates of the board of audit numbered
1922 for SIS, 616 25. and s,S79 for 500 40.
The records Of this office showed that these
treasurer under theyact of June 49, 1850. nor
mad they ever been in his possession. 1t
was commended, however, that judgment
OF the court of claims had been rendered
payment Of the Judgment constituted a re-
dempt1on Of the certificates within the
meaning Of the act Of June 16. 1880.
The treasurer refused to pay the interest
demanded, and the1controller OF the treas
ury, In an opinion, rendered October u.
1925, sustained his decision.
Application was presented to the Supreme
Court of theo District of Columbia for q
writ to compel the treasurer to pay the adj
ditional interest on these certificates. That
court issued the writ commanding the
treasurer to pay interest upon these GER
tificates from August 1, 1874, and the costs
of the suit. This action was confirmed by
the Court Of Appeals and by the Supreme
Court of the United States.
The interest amounted to $2.S34G4 and
the costs to 80, making total of ST.
"A.
To provide funds to meet this claim, 365
per cent bonds for s.. 500 were issued and
sold at 1875, realizing the sum OF ST.
903 %. 10y 8.
Guaranty Fund Under Contracts.
Under the provisions of the law Of June
IL. 1878. investments are made by the treas
urer only upon the written request of the
contractor. specifying the class of bonds he
wishes purchased
At the end Of the guaranty period the
treasurer requires the contractor to pre-
sent certificate from the Commissioners
of the District Of Columbia stating that
there are no claims against the sum re-
tanned. Settlement is then made by the
delivery OF the cash or securities in which
that sum has been invested.
During the year the transactions in this
fund were as follows: ,
Received retentions from 21 separate con-
tracts with the District, amounting to $64,-
ALSO. and purchased therefor $5o,4S0 in
bonds -.
contracts, the securities held therefor
amounting to $22. $50 in bonds and $11 ,250.94
in cash. " t.-
Transferred and mailed to each con-
tractor or his representative the checks for
interest on the bonds held for account Of
the several contracts. numbering about
$50 quarterly.
Securities of the District Of Columbia in
the care and custody Of the treasurer are
as follows: S.65 per cent bonds tunsigned),
81, 023, $50; bonds for account OF contractors.
S235, 24O: Chesapeake and Ohio canal bonds,
ss4,2S5. Total. s., 342.975.
Police and Firemen's Relief Funds.
The transactions. in these funds during
the fiscal year ending June 80, 1900, We're:
Receipts for account of metropolitan police
fund-Cash from Commissioners Of the Dis
trict of Columbia, S36937.94. Payments for
account of metropolitan police fund-De-
posted in the treasury subject to the requi-
a a Sayn mi
of Columbia, $36 99I. "a. Receipts for ac-
count of firemen's relief fund-Cash from
Commissioners of the District of Columbia,
81, $50 IA. Payments for account Of ire
mems relief fund-Deposited in the treas
ury subject to the requiSition of the Com
missioners of, the District of Columbia,
ST., 53O.1k S2l
Destryctioa of Securities.
Under the provisions of the act of Con-
gress approved March g. 1891, there were
issued 81, 100000 $50 per cent ten-year fund
ing bonds, which were redeemable at pleas
ure after two years. These bonds have
now all been called I'm and Cancelled.
OF the bonds provided for transfers on
this loan there remained in the custody OF
the treasurert21 1914 Hbondsi of 81 600 each,
3,O67 of $500, and 81 of 500, representing
a face value OF 81. 924. 600. :.
AS these bonds could not be utilized they
were delivered on August 4, 1900 by au-
thorty of the Secretary of the Treasury.
to the committee ION the destruction OF
United States esecurfues in the department,
and that committee repOrtDGon August v.
1869, that they have been destroyed. a,orr
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