Democratic Sentinel, Volume 9, Number 33, Rensselaer, Jasper County, 11 September 1885 — NATIONAL FINANCES. [ARTICLE]

NATIONAL FINANCES.

A Summary of the Monthly Public Debt Statement for August. The following is a recapitulation of the debt statement issued on the Ist instant (new form): Interest bearing debt— Bonds at 4lfc per cent $250,000,000.00 Bonds at 4 per cent 737,738.400.00 Bonds at 3 per oent. 134,100,500 00 Refunding certificates at 4 per cent. 229.500.00 Navy pension fund at 3 per cent.. 14,000,000.0 C Pacific Railroad bonds at 6 per cent 64,623,512.00 Principal 1,260,776.912.00 Interest. 10,719,853.03 T0ta151,271,496,765.03 Debt bearing no InterestOld demand and legal-tender notes $346,738,916.00 Certificates of deposit 30.865,000.00 Gold certificates 123,885,490.(0 Silver certificates 96,079,296.00 Fractional currency (less $8,375,934 estimated as lost or destroyed) 6,961,162.88 Principal $604,529,864.88 Debt on which Interest has ceased since maturity— Principal $3,921,765.28 Interest 223,780.81 „ Total $4,145,546.01 Total debt— Principal $1,869,228,542.14 Interest 10,943,633.84 Less cash items available for reduction of the debt $256,763,295.71 Less reserve held for redemption of United States notes 100,000,000,00 Total $350,763,296.77 Total debt less available cash item 551,523,408,880.21 Net cash in the Treasury 49,716,572.69 Debt, less cash in Treasury. Sept. I®*- ;$1,473,692,307.59 Debt, less cash in Treasury, Aug. 1. 1885 1,476,571,859.69 Deereaseof debt during the month shown by this statement $2,879,002.17 Cash jn the Treasury available for reduction of the debt— Gold held for gold certificates actually outstanding $123,885,400.00 Silver held for silver certificates actually outstanding 96,079,206.00 United States notes held for certificates of deposit actually outstanding 80,865,000.00 Cash held for matured debt and interest unpaid 5,931,435.08 Fractional currency 2,074.71 Total available for reduction of the debt $256,763,205.77 Reserve fund held for redemption of United States notes, act July 12. 1882 100,000,000.00 Una vailable for reduction of the debt— Fractional silver coin. $24,724,287.43 Minor coin 847,053.86 Total $25,571,841.29 Certificates held as cash issued, but not outstanding 60,014,120.00 Net cash balance on hand 49,716,572.69 Total cash in Treasury, as shown .by Treasurer’s general account $492,065,820,78