REPORT OF THE REGISTER OF THE TREASURY. TREASURY DEPARTMENT, REGISTER'S OFFICE, November 1, 1877. SIR: I have the honor to submit herewith a report in detail of the business transacted in the several divisions of this bureau, during the fiscal year which ended on the 30th June last. In the report which I had the honor to submit for the fiscal year ended on the 30th June, 1873, I called the attention of the then Secretary to the fact, "That to this bureau is committed the custody of very im portant and valuable files of vouchers and papers connected with the most important business transactions of the government. It therefore becomes my duty to state that the accumulation of files has become so great as to fill the rooms allotted for this purpose, and it has become necessary to deposit a very large quantity of them in the south corridor, where they are inconvenient for reference, exposed to loss and mutilatiou, and also causing much inconvenience by obstructing the passageway. The safety of these valuable papers requires that other rooms be provided and allotted for the use of the files, and I would respectfully urge its necessity upon your attention." Last year there were shelves put up along nearly the whole length of the south corridor, in order to receive the files sent from the office of internal revenue, but the rapid accumulation of such files has rendered it impracticable to find storage for them in such a manner as to make them conveniently accessible when reference to them becomes necessary. An additional room is being fitted up in the western corridor of the Treasury building, for the purpose of providing for the files; but it seems to me that unless a larger space is allotted than that proposed, it will be impracticable to find convenient storage for those now in the corridor, and also for other important papers now stored in the filesroom, which cannot be assorted and arranged for reference for want of space in that room. There is danger from fire in continuing to use the open corridor for the purpose of storage, making so large a quantity of inflammable matter, and besides, files thus stored are, from necessity, exceedingly inconve nient for reference, and often causing delay. There are doubtless large quantities of old files and papers connected therewith that will never be referred to again; but no one is authorized to destroy them, or to remove them from the places allotted for their preservation, and until there is some such authority they must be protected. The refunding of a part of the public debt by calling in a portion of the 5-20 bonds and the issuing the 4 per cent. consols of 1907, has increased the business transacted in the loan-division of this office very considerably within the last few months, and should success continue to attend your efforts to refund the 5-20 loans, it will be necessary to increase the clerical force in that division in order that the work be promptly performed. By reference to the reports from the receipts and exp nditures, the tonnage, and the note and coupon divisions, it will be seen that the amount of work performed in those divisions, in the past year, does not differ materially from that done in the same divisions aring the preceding year. In the note and fractional currency division the work has fallen off in some degree, and it is probable will continue to decrease during the current year. It is owing to this fact principally that no more embar rassment has been caused by the large reduction of the force which took place October 10, 1876. The number of persons now employed in this office, for whom appropriations were made by the act of Congress appropriating money to defray the expenses of the Register's Office for the fiscal year ending 30th June, 1878, is one hundred and thirty-seven. The number was insufficient to perform the current work promptly, and I obtained assistance from the honorable Secretary by having a few clerks assigned to duty in this office, who were paid out of the fund provided for the payment of temporary clerks. In the estimates submitted for this office for the next fiscal year, I have asked for one additional third-class clerk. The additional clerk is much needed in the loan division. LOAN DIVISION. The total number of coupon and registered bonds issued was.. The amount of registered aud coupon bonds issued was as fol- Amount issued during preceding year Increase of issue for present year The total amount of coupon and registered bonds canceled was Coupon bonds exchanged for registered... Registered bonds transferred..... Actual redemptions of coupon and registered bonds.. Total canceled. Amount canceled during preceding year... Amount of canceled coupon-bonds entered on numerical registers and turned over to committees for destruction.. The vault account shows that there was on hand July 1, 1876, includ- Coupon-bonds... Registered bonds....... District of Columbia 3.65 funding bonds. Total.... 169, 722 181, 670 $184, 663, 350 00 36,060, 750 00 208, 340, 755 86 429, 064, 855 86 273, 780, 312 00 155, 284, 543 86 36,060, 750 00 208,340, 755 86 86, 302, 200 00 330, 703, 705 86 317,975, 162 00 74,642,600 00 557,575, 450 00 109, 575, 000 00 376, 399, 200 00 3,641,000 00 1,047, 190, 650 00 Amount disposed of during the year: Coupon-bonds issued.. Registered bonds issued. Registered bonds issued of 3.65 per cent. D. C. funded loan..... Registered bonds of various loans turned over to committee for destruction Coupon-bonds, ditto... Registered 3.65 per cent. D. C. bonds delivered to the Sinking Fund Remaining on hand July 1, 1877: Coupon-bonds... Registered bonds.. District of Columbia 3.65 per cent. funded bonds... Coupon and registered bonds in hands of European agent... Add difference on account of issuing a $1,000 Pacific Railroad bond for fractional issue of $512.... Total.. $77,553, 700 00 347, 179, 462 00 4,324, 000 00 71, 330, 650 00 721,400 00 1,841, 000 00 53,709, 400 00 465,547, 850 00 819,750 00 24, 162, 950 00 488 00 1,047, 190, 650 00 The large amount of bonds turned over for destruction was composed principally of the surplus remaining on hand upon the extinction of the 5-20 loans by redemption. Loans. No. of cases. Bonds issued. Amount. Statement showing the number of cases, number and amount of registered and coupon bonds issued and canceled during the year ended June 30, 1877. Direct issues. Exchanges. Issued. Transfers. Total issue. No. of cases. Bonds issued. A mount. No. of cases. Bonds issued. Amount. Amount. |