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REPORT

OF

THE REGISTER OF THE TREASURY.

Ꭲ .

TREASURY DEPARTMENT,

Register's Office, November 4, 1875. Sir: I have the honor to submit herewith a detailed report of the business transacted in the several divisions of this Office during the fiscal year which closed on the 30th of June last.

By reference to the reports of the different divisions, and comparing the same with those of the preceding year, it will be noticed tbat in some the work has increased, while in others there is no material change worthy of special notice.

There are two hundred and eight persons employed in this Bureau; a reduction in numbers since I assumed the duties of the Office of one hundred and sixty-one persons. The amount of work performed has not materially decreased within the last six years, but the character of the fo:ce employed is much im. proved and imore efficient.

I deem it proper in this connection to represent that, in the appropriation for this Bureau for the last year, there were but one hundred counters allowed; a force which leaves me unable to assign a number adequate to the prompt dispatch of business in the note and fractionalcurrency division of this Office.

With my estimates for the next fiscal year I have transmitted a letter calling attention to this fact, and submitting an additional estimate to meet the demand.

In my reports for the past two years I have called attention to the fact that much embarrassment has been experienced from a lack of room for the rapidly accumulating files of the Department. Unless additional room is obtained, it will be impossible properly to preserve them.

Under the act of Congress which took effect on the 1st of July last, there have been some changes made in the organization of this Bureau. W. P. Titcoinb, esq., bas been promoted from chief of tonnage division to the office of deputy register of the Treasury, Mr. N. B. Walker from the position of disbursing clerk to that of chief of the tonnage division, and Mr. E. S. Collamer to the position of disbursing-clerk.

It affords me great pleasure to be able to bear testimony to the fidelity and efficiency of the gentlemen who are associated with me in the administrative duties of the Bureau, and to the general good conduct of the clerks and other employés.

LOAN DIVISION-HARTWELL JENISON, CHIEF OF DIVISION.

The total number of coupon and registered bonds issued during the year

was

The total number canceled was

138, 623 151, 333

The amount of coupon and registered bonds issued during the year

was

Original issues

$93, 045,700 Conversion of coupon-bonds into registered.

12, 317, 350 Transfers of registered bonds

111, 866,400 Total issue..

219, 219,950 The amount of coupon and registered bonds canceled was as follows: Coupon-bonds exchanged for registered....

$12, 307,850 Registered bouds transferred...

111, 566,400 Coupon aud registered bonds redeemned, (as per records of this Office).... 67, 694, 350 Total canceled....

191, 86-, 600 The vault-account shows that there was on band July 1, 1974: Coupon-bonds..

$19,729, 40) Registered bonds.

595, 674,900 In bands of Government agents...

802, 000 Received from Bureau of Engraving and Printing during the yearCoupon-bonds ...

100,915, 000 Registered bonds ...

52, -65, 10) Commissioners of sinking-fund, District of Columbia..

15,300,00) Total

815, 226,700 Accounted for as folloirs : Coupon-bonds issued during the year..

$63,235, 300 Registered bonds issued during the year.

143, 17.12.650 Funding-bonds, District of Columbia...

10,72.000 Coupon and registered bonds in hauds of European agents.

34, 151, 054 Balance on hand June 30, 1875– Coupon-bonds...

53, 418,100 Registered bonds...

504, 069, 0170) Funding bonds, District of Columbia..

4, 42,00 Total .....

815, 2:6,70) Out of the funded 1881 coupon-bonds some twenty millions are kept constantly on band, signed, sealed, and perfected in advance, to meet orders for shipment to the syndicate. These bonds are stored in an inner safe of the vault, with extra lock-combinations for security.

The amount of bonds issued during the present year is some fifty millions in excess of the preceding period, making the average daily issue at the rate of 460 bonds, and $700,000 in amount.

The registered portion of the several loans represents eight bundred and thirty millions, upon which dividends of interest are declared for eight different periods of payment in the year. A ledger-account is opened with each bolder of this class of securities, requiring about one hundred and fifty ledgers and auxiliary books in constant ise.

The register of powers of attorney and other authorities for the trans. fer of United States stock numbers 11,500 entries. The book is neatly and accurately kept by the clerk in charge, and is invaluable as a refer ence and record.

The recent order requiring returns of unclaimed dividends of interest to be made at the end of seven months instead of pinety days, as heretofore, will relieve this Office of much extra labor entailed by the former system, and better subserve the interests of the bondholders.

The general duties and details of this division do not ditfer materially from those of the preceding year. It is the invariable role in the stockissues to make returns the same day the bonds are received for transfer, and this promptness is couuted upon as a certainty by the business community.

Statement shoring ihe number of cases and number and amount of registered and conpon bords innued during the fiscal year ending June 30, 1675.

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Statement showing the number of cases and number and amount of registered and coupon bonds canceled during the fiscal year ending June 30, 1875.

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NOTE AND COUPON DIVISION-LEWIS D. MOORE, CHIEF OF DIVISION.

At the close of the fiscal year the clerical force of this division consisted of forty-nine clerks, fourteen males and thirty-five females, and one messenger.

The whole number employed during the year was fifty-five clerks, eighteen males and thirty-seven females.

The average number per month was fifty-one clerks, sixteen males and thirty-five females.

The following consolidated statement exhibits the character and amount of work performed by this division during the fiscal year end. ing June 30, 1875.

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Of coupons detached from potes and bonds there were counted, assorted, and arranged numerically 3,754,480, registered 3,661,950, exam. ined and compared 3,430,409.

NOTE AND FRACTIONAL CURRENCY DIVISION-CHARLES NEALE, CHIEF

OF DIVISION.

Statement showing the number of notes and amount of fractional Currency, Treasury notes, and national-bank. notes (of such banks as are broken or have gone into voluntary liquidation) examined, counted, canceled, and destroyed by maceration during the fiscal year ending

June 30, 1875:

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