The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1912-09-17
WOmen'S Clubs


speak Of the great fires that In years
past have swept Chicago, Boston. San
Francisco. Baltimore. and other cities.
and estimate that nan millions must
have been lost In these great confla.
grations.
Early in the civil war the United
States issued over $500. 100000 Of
legal tender notes. which were used
in payment Of all government obliRa.
lions. including the pay Of the armies
in the field. At this time there are
still outstanding over $4,000. 900 Of
81 and s: alone. which are never
heard from. except nov and then a
stray bill or two is presented for re-
demptton. It IL a fair assumption
tnat 9 large percentage Of the whole
100000 has been accidentally de.
stroyed. and this Is undoubtedly pro.
porttonately rue OF all Of the old
issues.
Soon after the war began tho xoy.
eminent issued from time to time an
a~ggregate Of nearly 1888. 00o.o 900 in
fractional paper money, and some.
thing over $l6.0o0.o00 is still carried
In h treasury accounts as outstand-
ing: although only a few hundred
redemption.
AS far as these old wartime shin.
plaaters" come in the treasury de.
stroys all Of them that are much
mutilated n worn. but they are
never paid out again other than in
small amounts and in exceptional
only about $246 Of these small notes.
IN 1879 the department.. recognising
the fact that comparatively few Of
these old fractional notes would ever
he presented to the treasury, directed
n segration Of a fund Of something
over 100000 held in the treasury
for he redemption Of these notes.
the amount to be applied to the paw.
ment Of war pensions. Large sums
OF this issue are no doubt held by
collectors as souvenirs.
/. OF the civil war issue Of compound
interest notes. which amounted to
nearly $267.ooo. 900. there still re-
$4,000. and of this issue only SO
came to the treasury last year. OF
the issue Of seven-thirty notes running
from 1861 to 1865, which totaleG
about 1910. 000, 900. there Is still out
standing $4,000. and only 800 in
these notes was redeemed last year.
OF the wartime demand note issue
still unaccounted for, and none Of
this issue has recently been presented
for redemption.
During the issue Of the Spanish
wal loan In June and July, 1898,
about 235,000 government checks
were sent to subscribers for small
amounts of these bonds. which repre-
sented the interest due from the date
Of its receipt until August 1. the date
OF h bonds. and W 10000 Of these
checks have w been presented for
payment. It is assumed that as near
~ all Of the checks We're small
amounts. some of them for only II
few cents. they also have been kept
for souvenirs.
Many people who received govern
ment checks in payment Of Interest
on live bonds seem to be very care
less or not in need Of funds, as u
large number Of these checks have
never been presented for payment.
One party alone Is known to have in
his possession an aggregate Of many
thousands Of dollars represented by
these checks. and although frequent
ly tmportuned to present them for
payment, he has so far neglected to
do so.
An investigation recently made by
the secretary Of the treasury discloses
the fact that many national banks
are holders Of these checks, and the
treasury now has the names of over
100 national banks who have thus far
neglected to present them for pay
rnent.