Democratic Sentinel, Volume 4, Number 13, Rensselaer, Jasper County, 7 May 1880 — FEDERAL FINANCES. [ARTICLE]

FEDERAL FINANCES.

The statement of the public debt for the month of May is as follows : Six per cent, bonds .....$ 249,961,300 Five per cents 492,889,300 Four and one-half per cents 250,000,000 Four per cents .' 739,322,850 Refunding certificates 1,524,950 Navy pension fund 14,000,000 Total coin bonds $1,741,698,400 Matured debt ,'....$ 8,877,635 Legal tenders 346,742,106 Certificates of deposit... 8.760,000 Fractional currency 15,604,587 Gold and silver certificates 20,274,320 Total without interest. 391,381,013 Total interest $ 19,822,099 Total debt $2,147,957,048 Cash in treasury 199,464,393 Debt less cash in treasury $1,968,314,753 Decrease during April 12,078,070 Decrease since June 30, 1879 58,892,502 Current liabilities— Interest due and unpaid .. 8,320,083 Debt on which interest has ceased.....» 8,877, t>3s Interest thereon .... 849,404 Gold and silver certificates 20,274,320 United States notes held for redemption of certificates of deposit 8,760,000 Cash balance available, May 1, 1880 157,382,951 Total $ 199,464,393 Available assets— Cash in treasury 199,464,393 Bonds issued to Pacific railway companies, Interest payable in lawful money, principal outstanding 64,623,512 Interest accrued and not yet paid 1,292,470 Interest paid by United States 45,651,155 Interest repaid by transportation of mails 13,084,619 By cash payments of 5 per cent of net earnings.... 655,198 Balance of interest paid by the United States 81,911,337 The official statement of the coinage at the mints for the month of April is as follows : Double eagles, $1,320,000 ; eagles, $3,173,100; half eagles, $2,317,600 ; silver dollars, $2,300,000 ; cents, $21,200 ; total coinage, $9,131,900. The Comptroller of the Currency report s the net increase of national-bank notes for the year ending May 1, 1880, is $15,900,390. Increase ol legal-tender notes on deposit for the month of April, $525,993, and the increase for the year ending May 1, 1880, was $5,770,501, and the amount of legal-tender notes now on deposit, $19,126,740. The total amount of na-tional-bank notes outstanding on May I, 1880, is $343,579,300, not including the national gold bank notes amounting to $1,351,350. Amount of called bands now held on security for the circulation of national-bank notes, $1,760,700, of which $1,722,700 are 10-40 s, and $38,000 5-20 s. Amount of 6s of 1881 held by the banks, $54,075,150, and the amount of 5 per cent, funded 81s, $134,703,250. The National Bank Redemption Agency reports national-bank notes disposed of for the month of April amounting to $3,100,800. Following is the statement of United States currency outstanding this date :

Old demand notes $ 61,090 Legal-tender notes, all issues 346,681,016 One-year notes of 1863 47,155 Two-year notes of 1863 13,000 Compound-interest notes 247,340 Fractional currency, all issues 15,604,591 T0ta15362,677,545 The receipts from customs for the month just closed were $17,546,560, against $12,940,052 for April, 1879. and the receipts from internal revenue were $10,767,478, against $7,846,513 for the corresponding month of last year. This showes a net increase for the month from these two sources, compared with April, 1879, of $8,527,473, and a net increase for ten months closed May 1, compared with the corresponding ten months of 1879, of nearly $53,000,000. The receipts from sources other than customs and internal revenue do not vary much, and are not included in the above figures.