TABLE A.-STATEMENT OF THE OUTSTANDING PRINCIPAL OF THE PUBLIC DEBT, ETC.-Continued. The act of February 26 1879 (20 Statutes, 321), authorizes the Secretary Indefinite... These bonds were issued in exchange for five per cent bonds of the Indefinite... FUNDED LOAN OF 1891, CONTINUED AT TWO PER CENT. These bonds were issued in exchange for the four and one-half per Indefinite... The act of January 14, 1875 (18 Statutes, 296), authorizes the Secre- 10 years..... Feb., 1904.... 5 per cent... LOAN OF 1925. The act of January 14, 1875 (18 Statutes. 296), authorizes the Secretary 30 years.. of the Treasury to use any surplus revenues from time to time in the Treasury not otherwise appropriated. and to issue, sell, dispose of at not less than par, in coin, either of the descriptions of bonds of the United States described in the act of July 14, 1870 (16 Statutes, 272), for the purpose of redeeming, on and after January 1, 1879, in coin, at the office of the assistant treasurer of the United States in New York, the outstanding United States legal-tender notes, when presented in sums of not less than fifty dollars. TEN-TWENTY LOAN OF 1898. The act of June 13, 1898 (30 Statutes, 467, sec. 33), authorizes the Sec- 10 years retary of the Treasury to borrow on the credit of the United States, from time to time, as the proceeds may be required, to defray expenditures authorized on account of the war with Spain (such proceeds when received to be used only for the purpose of meeting such expenditures), the sum of four hundred million dollars, or so much thereof as may be necessary, and to prepare and issue therefor coupon or registered bonds of the United States in such form as he may prescribe, and in denominations of twenty dollars or some multiple of that sum, redeemable in coin at the pleasure of the United States after ten years from the date of their issue, and pay. able twenty years from such date, and bearing interest payable quarterly in coin at the rate of three per centum per annum; the bonds so issued to be exempt from all taxes or duties of the United States, as well as from taxation in any form by or under State, municipal, or local authority. TREASURY NOTES OF 1890. The act of July 14, 1890 (26 Statutes, 289), directs the Secretary of the Treasury to purchase, from time to time, silver bullion to the aggregate amount of four million five hundred thousand ounces, or so much thereof as may be offered, in each month. at the market price thereof, not exceeding one dollar for three hundred and seventyone and twenty-five hundredths grains of pure silver, and to issue in payment for such purchases of silver bullion Treasury notes of the United States, to be prepared by the Secretary of the Treasury, in such form and of such denominations, not less than one dollar nor more than one thousand dollars, as he may prescribe. That said notes shall be redeemable on demand, in coin, at the Treasury of the United States, or at the office of any assistant treasurer of the United States, and when so redeemed may be reissued; but no greater or less amount of such notes shall be outstanding at any time than the cost of the silver bullion and the standard silver dollars coined therefrom then held in the Treasury, purchased by such notes: and such Treasury notes shall be a legal tender in payment of all debts, public and private except where otherwise expressly stipulated in the contract, and shall be receivable for customs, taxes After Aug. 1, 3 per cent... Par.. ...$400, 000, 000. 00 198, 678, 720.00 1908. 198, 678, 720, 00 155, 931, 002. 00 93,518, 280.00 TABLE A.-STATEMENT OF THE OUTSTANDING PRINCIPAL OF THE PUBLIC DEBT, ETC.-Continued. REPORT ON THE FINANCES. TREASURY NOTES OF 1890-Continued. and all public dues, and when so received may be reissued; and NATIONAL-BANK NOTES (REDEMPTION ACCOUNT). a Exclusive of $3,307,320 bonds issued to Pacific railroads not yet redeemed. TABLE B.-STATEMENT OF THE OUTSTANDING PRINCIPAL OF THE PUBLIC DEBT OF THE UNITED STATES ON THE 1ST OF JANUARY OF EACH YEAR FROM 1791 TO 1843, INCLUSIVE, AND ON THE 1ST OF JULY OF EACH YEAR FROM 1843 TO 1899, a In the amount here stated as the outstanding principal of the public debt are included the certifi cates of deposit. outstanding on the 30th of June, issued under act of June 8, 1872, for which a like amount in United States notes was on special deposit in the Treasury for their redemption and added to the cash balance in the Treasury. These certificates, as a matter of accounts, are treated as a part of the public debt, but being offset by notes held on deposit for their redemption, should properly be deducted from the principal of the public debt in making comparison with former years. b Exclusive of gold, silver, currency certificates, and Treasury notes of 1890 held in the Treasurer's cash, and including $3,307,320 bonds issued to the several Pacific railroads not yet redeemed. TABLE C.-ANALYSIS OF THE PRINCIPAL OF THE PUBLIC DEBT OF THE UNITED STATES FROM JULY 1, 1856, TO JULY 1, 1899. 3 per cents. 3 per cents. 4 per cents. 44 per cents. 5 per cents. 6 per cents. 14, 000, 000. 00 1874. 14, 000, 000.00 1875. 14, 000, 000. 00 678, 000. 00 678, 000. 00 1876. 14, 000, 000. 00 98,850,000.00 $3,632, 000. 00 $28. 130, 761.77 Total interestbearing debt. $31,762, 761.77 1,738, 930, 750.00 |
