to be given by him. It is provided that in three months after the date of such public notice the interest on the bonds so selected and advertised to be paid shall cease. (R. S., § 3697.)

285. He is required to cause to be paid, out of any money in the Treasury not otherwise appropriated, any interest falling due or accruing on any portion of the public debt authorized by law. (R. S., § 3698.)

286. He may anticipate the payment of interest on the public debt, by a period not exceeding one year, from time to time, either with or without a rebate of interest upon the coupons, as to him may seem expedient; and he is authorized to dispose of any gold in the Treasury of the United States not necessary for the payment of interest of the public debt; provided the obligation to create the sinking fund shall not be impaired thereby. (R. S., § 3699.)

287. He may purchase coin with any of the bonds or notes of the United States authorized by law, at such rates and upon such terms as he may deem most advantageous to the public interest. (R. S., § 3700.)

288. Whenever it appears, by clear and unequivocal proof, that any interest-bearing bond of the United States has, without bad faith upon the part of the owner, been destroyed, wholly or in part, or so defaced as to impair its value to the owner, and such bond is identified by number and description, the Secretary of the Treasury is authorized, under such regulations and with such restrictions as to time and retention, for security or otherwise, as he may prescribe to issue a duplicate thereof, having the same time to run, bearing like interest as the bond so proved to have been destroyed or defaced, and so marked as to show the original number of the bond destroyed and the date thereof. But when such destroyed or defaced bonds appear to have been of such a class or series as has been or may be called

in for redemption before such application, it is provided that, instead of duplicates being issued thereof, they shall be paid, with such interest only as would have been paid if they had been presented in accordance with any call therefor. (R. S., § 3702.)

289. The owner of such destroyed or defaced bond must surrender the same, or so much thereof as may remain, and file in the Treasury a bond, in a penal sum of double the amount of the destroyed or defaced bond and the interest which would accrue thereon until the principal becomes due and payable, with two good and sufficient sureties, residents of the United States, to be approved by the Secretary of the Treasury, with condition to indemnify and save harmless the United States from any claim upon such destroyed or defaced bond. (R. S., § 3703.)

290. The Secretary may likewise issue a duplicate of a registered bond proved by satisfactory evidence to have been lost or destroyed, the owner to give bond as in the case of other destroyed or defaced bonds. (R. S., §§ 3704, 3705.)

291. He is also authorized to issue, upon such terms and regulations as he may prescribe, registered bonds in exchange for and in lieu of any coupon bonds which have been or may be lawfully issued; such registered bonds to be similar in all respects to the registered bonds issued under the acts authorizing the issue of the coupon bonds offered for exchange. (R. S., § 3706.)

292. He may issue an equal amount at par, of principal and interest, of five per centum bonds of the funded loan under the act of July 14, 1870, and the amendatory act of January 20, 1871, for any of the bonds of the loan of 1858 which the holders thereof may, on or before February 1, 1874, elect to exchange for the five per centum bonds of

the said funded loan, with interest from January 1, 1874. (Act December 17, 1873, Stats. 18, p. 1.)

293. The Secretary of the Treasury is required to make provision for the registration of the District of Columbia three-sixty-five per cent. bonds issued under authority of the act of June 20, 1874. (Stats. 18, p. 120.)

294. The Secretary is authorized, in order to pay certain judgments awarded by the "Court of Commissioners of Alabama Claims," to issue when necessary and sell at public sale, after ten days' notice of the time and place of sale, at not less than par in coin, a sufficient number of coupon or registered bonds of the United States, in such form as he may prescribe, in denominations of fifty dollars or some multiple of that sum, redeemable in coin, at the pleasure of the United States, after ten years from the date of issue, and bearing interest, payable quarterly in coin, at the rate of five per centum per annum. (Stats. 18, p. 248.)

295. He is required to issue, set apart, and hold as a permanent fund, in trust for the Ute Indians, an amount of five per centum bonds of the United States sufficient to yield an interest of twenty-five thousand dollars per annum, which interest shall be paid annually, as the President may direct, for the benefit of said Indians. (Stats. 18, p. 41.)

296. He is required, as rapidly as practicable, to cause the coinage of silver coins of the denominations of ten, twenty-five, and fifty cents, and to issue them through the mints, sub-treasuries, public depositaries, and post offices of the United States, in his discretion, in redemption of an equal amount and number of fractional currency of similar denominations, until the whole amount of such fractional currency outstanding shall be redeemed; and the fractional currency so redeemed is to be held as part of the sinking fund provided for by existing law. (Act January 14, 1875, Stats. 18, p. 296; Stats. 19, p. 33.)

297. He is required, in case of the increase of the circulating notes of national banking associations, to redeem the legal-tender United States notes, in excess only of three hundred millions of dollars, to the amount of eighty per centum of the sum of national-bank notes so increased, and to continue such redemption as such circulating notes are increased, until there shall be outstanding the sum of three hundred million dollars of such legal-tender notes, and no more. And after the 1st of January, 1879, he is required to redeem, in coin, the United States legal-tender notes then outstanding, on their presentation for redemption, at the office of the Assistant Treasurer of the United States at New York, in sum's of not less than fifty dollars; and for this purpose he is authorized to use any surplus revenues from time to time in the Treasury not otherwise appropriated, and to issue, sell, and dispose of, at not less than par in coin, either of the descriptions of United States bonds described in the act of July 14, 1870, entitled "An act to authorize the refunding of the national debt," with like qualities, privileges, and exemptions to the extent necessary, and to use the proceeds for the purpose of such redemption. (Act January 14, 1875, Stats. 18, p. 296.)

298. The Secretary is authorized, at such times as may be necessary for the purpose of obtaining bonds for the sinking fund in compliance with sections 3694 to 3697 inclusive of the Revised Statutes of the United States, to give public notice that he will redeem, in coin, at par, any bonds of the United States bearing interest at the rate of six per centum, of the kind known as five-twenties. In three months after the date of such notice the interest on the bonds so selected and called for payment is to cease. (Stats. 18, p. 401.)

299. He may, under such rules as will secure a fair distribution through the country, issue the silver coin at any

time in the Treasury, to an amount not exceeding ten mil. lion dollars, in exchange for an equal sum of legal-tender notes. The notes so received in exchange are to be kept, as a special fund, separate from all other moneys in the Treasury, and to be reissued only upon the retirement and destruction of a like sum of fractional currency received at the Treasury in payment of dues to the United States. It is provided that the fractional currency, when so substi tuted, shall be destroyed and held as part of the sinking fund. (Stats. 19, p. 215.)

4. The Interests of Commerce and Navigation.

300. The Secretary of the Treasury is required to make a report to Congress, on the first Monday of January annually, containing the results of the information collected. during the preceding year by the Bureau of Statistics upon the condition of the manufactures, domestic trade, currency, and banks of the several States and Territories. He is required also to cause the preparation of the annual report of that bureau according to law, and to submit the same to Congress at as early a day as practicable in each regular session, not later than the first Monday in January. Also to report to that body in detail the amount collected from seamen, and the sum expended for sick and disabled seamen, under authority of the laws creating and administering a hospital tax for their benefit. (R. S., §§ 258, 259, 263; act February 27, 1877.)

301. He is required to report to Congress ar nually the number and names of persons employed during the preceding fiscal year upon the coast survey and on business connected therewith, the amount of compensation of every kind respectively paid them, for what purpose, and the length of time employed; also to report a full statement of all other expenditures made under the direction of the Superintendent of the Coast Survey. (R. S., § 264.)