Salt Lake Telegram | 1923-05-06 | Page 19 | Uncashed Liberty Bond Coupons Have Reached Sum of $58,314,380

I MAY 6 1 1923 q- q f I liberty Bond Have Reached Su Many Holders Are Ae of Opinion They Tey Owe Interest to I. I U U. U S S.- S. Others Hold T Them m Worthless The gross SI-OM grol debt of the United Sta Stares Stages e Isnow is isnow isnow now Und Undersecretary of the Treasury S. S P. P Gilbert Gilbet Jr announced announced announced an an- recently and at the he same name time added added- the startling that that owners of ot Liberty bonds have hav failed to present coupons for tor collection in the sum of ot While loss or theft may account for some of ot this amount amount- i It Is believed tho the bulk buit of ot outstanding coupons coupon's coupons have been held by owners who have forgotten to presen them for tor collection or who are Ignorant they may do so 10 in addition additon to this more than temporary certificates of den denominations are still In the hands ot or persons who have have not exchanged them for tor bonds with wih coupens coupons coupons cou cou- pons pens attached In endeavoring to account for tor these thele failures to cash In on the part of ot Liberty L b Lib Lb- erty bondholders treasury officials are still receiving information from trot banks re I I and md nd concerning bond owners o who believe belne they are called caled upon upon to pay Interest on th them m rather than receive It I Many lany of ot these Liberty bondholders bondholder It is believed have thrown away their I bonds when the coupons became exhausted exhaust exhaust- ed In the belief belef they had b become come worthless worth worth- less The he total amount of ot mat matured red obligations ob ob- ob- ob obligations upon which interest has ceased including the unpaid interest coupons is 84 0 3 38 8 02 6 In the statement by Undersecretary tary Gilbert Gibert th the following items are are Included Total interest bearing 36 6 03 2 6 Debt on n which Interest has ha ceased s bearing d bt Total gross debt The Items constituting the unpaid principal of ot tho the matured interest bearIng bearIng bearing bear- bear Ing debt aggregating ag Indicated in indicated indicated In- In in the foregoing table are arc as follows follows fol tol- fol- fol lows r t Four and three quarters three quarter per pr r cent cert Victory Victory Vic Vic- tory notes note bearing distinguishing letters leten A. A B B. B C. C D D. D E B or F. F prefixed to their serial numbers numbers which h were wert called caled for tor re redemption re- re dempton December IS 15 Three and three per cent Victory Vie Vic tory notes called caled for tor redemption Jun June 15 1 1922 2 50 Old debts debt deb matured matur d at various dates date prior to April 1 1 1917 11 I Certificates of Indebtedness a at various Interest rates matured In addition to the above Sir Mr 1 Gilbert Gibert says there were outstanding on March llarch 31 3 1923 approximately maI ma- ma value war saving certificates of ot I I th the tle series of ot 11 due January 1 I. 1923 t all al of ot which carried on the tho public debt statement as discount the principal prin prin- cipal of ot the debt det for or this Item being al already already al- al ready charged out on tho the basis of ot re receipts ro- ro I front from sales taken at issue price priceless less lens redemption charges at redemption values ue The matured interest obligations outstanding outstanding out out- standing March 31 were I compared with a total ot of 96 95 on January 31 This Indicates that the tho amount of ot government obligations in which Interest hs has hae ceased Is increasing at a a. D rapid rate sOd and while Jt Is beneficial to the government the Individuals who own the bon bonds 1 and arid coupons and pre lire Tre presumably bought them as Investments art are losers In the aggregate of ot largo large larie sums of money