BONDS ISSUED TO THE PACIFIC RAILWAY COMPANIES, INTEREST PAYABLE BY THE UNITED STATES IN LAWFUL MONEY.

418. This division has charge of the details of negoti ating United States interest-bearing securities; of the preparation of orders for engraving and printing United States bonds; of the counting, cancellation, and record of bonds received for redemption, or for exchange for registered bonds; of the preparation of vouchers for the issue of registered bonds; of the examination and record of transfers of registered bonds.

419. This division receives notice of caveats filed against United States securities alleged to have been destroyed, lost, or stolen, and in connection therewith procures evidence for the courts and the law officer of the department, and in cases of reissue secures the required indemnity for the Government. By provision of the statutes, the Secretary of the Treasury, upon being satisfied by sufficient evidence of the destruction or defacement of an interest-bearing bond, identified by number and description, without bad faith on the part of the owner, or of the loss or destruction of any registered bond, so that the same is not held by any person, may issue, under proper restrictions, a duplicate, upon receiving a sufficient indemnity bond, with two sureties, securing the United States against any claim for ownership in such lost or destroyed bond. Upon such loss or destruction being discovered, notice, by way of caveat, should be filed with the Secretary of the Treasury, giving full description of the lost or destroyed bond, together with full and ample proof, by affidavit or otherwise, of the loss or destruction. This proof is considered in this division, and is subject to the approval of the First Comptroller of the Treasury. If it is concluded to issue a duplicate, the indemnity bond before referred to is prepared for the execu tion of the party concerned and his sureties. Without this indemnity, the Secretary cannot issue a duplicate of the bond shown to have been lost, defaced, or destroyed.

420. This division makes a record also of the issues of gold and currency certificates, and of their cancellation upon redemption; also of the receipt, counting, cancellation, and destruction of redeemed District of Columbia securities.

421. This division has supervision of the counting, cancellation, record, and destruction of all redeemed and mutilated United States notes and fractional currency; also of internal-revenue stamps redeemed, or those mutilated in printing. This part of its duties formerly devolved upon a distinct division, called the Currency Division, which, at a recent period, was consolidated with the Loan Division. These United States and fractional notes are received first by the Treasurer of the United States, in whose office they are put into packages, after a careful count, and cut in half. Of the legal-tender and other notes the lower halves, and of the fractional currency the left-hand halves, are sent to this division for verification of the count; the remaining halves to the corresponding divisions of the Register's office. They, therefore, undergo three separate counts, each count and record of the same being a well-devised check upon any possible scheme of fraud.

422. This division has charge also of the distinctive paper for United States notes, bonds, and currency, embracing its receipt from the superintendent at the manufactory; its issue on proper requisitions; the keeping of accounts thereof with the superintendent at the manufac tory, with the Bureau of Engraving and Printing, with the various bank-note companies, with the Comptroller of the Currency, with the Treasurer of the United States, and with the Register of the Treasury; also of the keeping of a similar account of all paper used for internal-revenue stamps, from the time of its receipt by the superintendent at the

manufactory until its delivery to the Commissioner of Internal Revenue in stamps.

VI. THE DIVISION OF THE REVENUE MARINE.

423. In order the more efficiently to prevent smuggling, and to aid the customs officers in the collection of the revenue, the law has placed under the control of the Secretary of the Treasury a fleet of armed vessels, officered, manned, and equipped. These vessels guard the coast, the inlets, and the rivers along the sea-board; they are stationed in the harbors of our larger ports, and are ready at all times for pursuit, for the purpose of overhauling or boarding suspicious craft and incoming vessels, and for general purposes of search and observation.

424. The duties of the Secretary of the Treasury, in regard to these vessels and their employment, are administered through this division. These include the management of the service; the supervision of the building and equipment of the vessels; the determination of the class and kind of vessel; the size, rig, &c., of the same; the drawing of specifications for hulls, spars, rigging, and machinery; the advertisement of proposals to build; the examination of proposals when made; the selection of the lowest bidder, or the party with whom to enter into contract; the making of contracts for construction; the inspection and superintendence of the work as it may progress; the selection of the necessary armament, equipment, and stores of the vessels; and the examination and certification of all accounts arising from these operations, preliminary to their proper adjustment by the accounting officers.

425. This division also determines upon the repair, purchase, and sale of revenue vessels, and prepares the papers connected therewith; also upon the designation of the vessels in the service to their respective stations of

duty, and the defining of the cruising-ground of each; also upon the assignment of the officers to duty, upon the purchase of supplies, the regulation of the crew, upon the wages to be paid, and upon the complement of men for each vessel. This division also examines and certifies the accounts of the vessel, the pay-rolls and accounts of disbursements made by the collectors of customs, and of the accounts of the officers. It also examines and settles claims against the revenue-cutter service for damages by collision, for wharfage, tonnage, &c.

426. This division thus directs the management and maintenance of an armed fleet of vessels, 36 in number, employing 203 officers and about 800 men.

The officers designated by the statutes, for each vessel, are one captain, one first, one second, and one third lieutenant; and for each steam vessel, in addition, one engi neer and an assistant engineer; but the Secretary is left to his own discretion as to a modification of this number, and as to the number of petty officers and men to employ.

427. The Revenue Marine Division is charged also with all matters relating to the United States coast survey coming before the Secretary, as well as matters relating to weights and measures, upon which the Secretary is required by law to act; also those pertaining to the light-house establishment.

VII. DIVISION OF APPOINTMENTS.

428. This division has supervision of all matters relat ing to the appointment, removal, or suspension of all offi cers, clerks, messengers, &c., under the control of the Treasury Department; including the examination of appli cations and recommendations for appointment or employ. ment, and the preparation of commissions for appointees; the examination and investigation of all complaints and