B-144327, JAN. 30, 1962

B-144327, JAN. 30, 1962

TO MR. THOMAS R. POTTS:

REFERENCE IS MADE TO YOUR LETTER OF NOVEMBER 15, 1961, IN WHICH YOU HAVE REPEATED YOUR REQUEST FOR PAYMENT OF INTEREST ON THE AMOUNT OF $49.50 ALLOWED YOU AS REFUND OF UNAPPLIED BALANCE OF SECOND LIBERTY LOAN BOND ALLOTMENT DEDUCTIONS MADE FROM YOUR ARMY PAY FOR THE PERIOD NOVEMBER 1917 THROUGH AUGUST 1918.

IN OUR DECISION OF NOVEMBER 21, 1960, B-144327 (A COPY OF WHICH WE ARE ENCLOSING FOR YOUR CONVENIENCE), WE EXPLAINED TO YOU THAT INASMUCH AS THE AMOUNT DEDUCTED WAS INSUFFICIENT TO PURCHASE A BOND OF THE DENOMINATION OF $50, IT WAS CONCLUDED THAT NO BOND WAS ACTUALLY PURCHASED. YOU WERE FURTHER ADVISED THAT NO INTEREST ACCRUED ON THE AMOUNT DEDUCTED, IT BEING THE RULE THAT IN THE ABSENCE OF A CONTRACT OR A STATUTE SO PROVIDING, INTEREST ON CLAIMS OF THIS CHARACTER IS NOT PAYABLE BY THE UNITED STATES. IN OUR LETTERS TO YOU DATED FEBRUARY 17 AND JUNE 14, 1961, YOU WERE ADVISED THAT THERE THEN WAS NO BASIS FOR MODIFYING THE ACTION TAKEN IN THAT DECISION. YOUR PRESENT LETTER PROVIDES NOTHING THAT WOULD WARRANT SUCH MODIFICATION AND IN THE ABSENCE OF NEW EVIDENCE, FURTHER CORRESPONDENCE FROM YOU ON YOUR DEMAND FOR INTEREST WOULD APPEAR TO SERVE NO USEFUL PURPOSE.

WE HAVE NOTED THAT THE TREASURY DEPARTMENT HAS ADVISED YOU THAT ANY INQUIRY ABOUT BONDS YOU BELIEVE TO HAVE BEEN PURCHASED BY YOUR SON, PAUL R. POTTS, YOUR SON-IN-LAW, O. W. BROWN, BOTH DECEASED, AND YOUR BROTHER, JOHN S. POTTS, SHOULD BE ADDRESSED TO THE BUREAU OF THE PUBLIC DEBT, ..END