Show TREASURY OBLIGATIONS The Enormous Amount of Currency That Is Destroyed Each Year WASHINGTON Dec 29In all the recently re-cently written matter about the depleted condition of the United States treasury little or no account is taken of the fact that with each passing year the treasury is a large gainer by the complete destruction destruc-tion by casualty of its outsanding obligations obliga-tions How much this amounts to tne beat siatisticans of the treasury department depart-ment have no means of definitely ascertaining ascer-taining No two figure alike Since 1E62 when the government began t issue paper money 5818692024 were issued t July 1892 Within the same period f45524ol629 were redeemed leaving outstanding on July 1 1892 a liability against the government of 967 177479 In an exhaustive inquiry on the subject made by United States Treasurer Hyatt it is estimated that the aggregate loss on all issues up to January 1858 would not be less than 58700000 The estimate did not include the fraction currency cur-rency 50 cent 2 cent 10 cent and 5 cent shinplasters which were in such extensive exten-sive circulation for a few years following the war United Stales Treasurer Nebeker in his report this year states that more than f5 000000 of this fractional currency is outstanding out-standing though it has practically gone out of circulation and but little more than 4000 was presented for redemption last year What Is outstanding is held ton to-n great extent by collectors of coins and the value of such is greater than the face value The aepreeate United States currency cur-rency fractional and otherwise estimated to have been destroyed and not likely to be presented for redemption approxi mates 000 by these figures more than 14000 000Recent Recent estimates prepared in the treasury treas-ury department places the sum as high as 2CCCO This money can only betaken be-taken out of the liabilities of the government govern-ment by congressional enactment This future wUl probably be attempted in the near |