Democratic Sentinel, Volume 9, Number 28, Rensselaer, Jasper County, 7 August 1885 — THE PUBLIC DEBT. [ARTICLE]

THE PUBLIC DEBT.

The Official Treasury Statement for the Month of July. The debt statement issued on the Ist instant shows the decrease of the public debt during the month of July to be $8,662,789.96: Cash in the Treasury $488,418,719.43 Gold certificates outstanding.... 140,611,320.00 Silver certificates outstanding... 139,213,086.00 ■ Certificates of deposit outstanding 31,680,000.00 ■ Refunding certificates outstanding 233,200 00 Legal tenders outstanding. 346,681,016.00 • Fractional currency (not including amount estimated as lost or destroyed) 15,337,126.88 Net cash balance on hand The following is a recapitulation of the debt statement issued on the Ist Instant (new form): Interest bearing debt — Bonds at 414 per cent $250,000,000.03 Bonds at 4 per cent 737.728,900.00 Bonds at 3 per cent. 194,190,500.00 Refunding certificates at 4 per cent. 233,200.00 Navy pension fund at 3 per cent.. 14,000,000.00 Pacific Railroad bonds at 6 per cent 64,623,512.00 Principal 1,260.776,112.00 Interest. 8,557,003.00 T0ta151,269,333,115.00 Debt on which interest has ceased since maturity— Principal $4,014,485.26 Interest 225,856.19 Total $4,240,341.45 Debt bearing no interest— Old demand and legal-tender notes $346,738,931.00 Certificates of deposit 31,420.00 Geld certificates 123,289,000.10 Silver certificates 98,887,106.00 Fractional currency (less $8,375,934 estimated as lest or destroyed) 6,961,192.78 Principal $607,281,229.88 Total debt— Principa151,872,071,827.14 Interest 8,782,859.73 T T0ta151,880,854,486.87 Less cash items available for reduction ot the ♦ bt $260,230,397.83 Less reserve held for redemption of United States notes 100,000,600,00 Total $360,230,397.83 Total debt less available cash item 551,520,624,289 04 Net cash in the Treasury 44,052,920.35 Debt, less cash in Treasury, Aug. 1.188551,476,571,359.00 Debt, less cash in Treasury, July 1. 1885 1,485,234,149.65 Decrease of debt during the month as shown by this statement $8,662,789.96 Cash in the Treasury available for reduction of the debt— Gold held for gold certificates actually outstanding $123,289,000.00' Silver held for silver certificates actually outstanding 98,872,106.06 United States notes held for certificates of depcs. t actually outstanding3l,42o,ooo.oo Cash held for matured debt and increst unpaid 6,647,925.02 Fractional currency 1,366.81 Total available for reduction ot the debt.... $262,230,397.83 Reserve fund held for redemption of United States notes, act July 12, 1882 100,000,000. COUn vailable for reductfon of the debt— Fractional silver coin $25,358,020.23 Minor coin. 857,072.02 Total $26,212,092 25 Certificates held as cash issued, but not outstanding $57,923,200.00 Net cash balance on hand 44,052,929.35 Total cash in Treasury, as shown by Treasurer's general account $488,418,719.43