Democratic Sentinel, Volume 11, Number 10, Rensselaer, Jasper County, 8 April 1887 — WASHINGTON. [ARTICLE]

WASHINGTON.

The President, on the Ist inst., signed the commission of Charles 13. Fa;rchild as Secretary of tho Treasury, and Isaac n. Maynard as Assistant Secretary of the Treasury. Mr. Fairchild at once entered upon the discharge of his new duties. The following is a recapitulation of the debt statement, issued on tho Ist diet.: INTEREST-BEARING DEBT. Bonds at 414 P Br cent $ 250,003,00!) Bonds at 4 per cent 737,792,150 Bonds at 3 percent 35,976,5)0 Refunding certificates at 4 per cent. 181,900 Navy pension fund at 3 per cent.... 14,000,000 Pacific Railroad bonds at 6 per cent. 64,623,512 Principal 31,102,571,112 Interest 11,713,111 Total 31,114,234,253 DEBT ON WHICH INTEREST HAS CEASED SINCE MATURITY. Principal 36,026,275 Interest 198,717

Total $7,124,992 DEBT BEARING NO INTEREST. Old demand and legal-tender notes $346,738,266 Certificates of deposit 7,135,0)9 Gold certificates 94,046,015 Silver certificates 131,930,489 Fractional currency (less 38,375,934 estimated as lost or destroyed)... 6,948,497 Principal 3586,798,267 TOTAL DEBT. Principal $1,G90,295,654 Interest 11,911,859 Total 31,708,207,513 Cash items available for reduction of th« debt 3 263.123.971 Lcbb reserve held for redemption of United States notes 109,000,000 Total 8 368,123,971 Total debt less available cash Items 1J,340,083,542 Not cash Iu the Treasury 21,859,983 Debt loss cash in Treasury April 1, 1887 81,318,223,558 Debt less cash in Treasury March 1, 1887.;.. * 1,331,032,026 Decrease of debt during the month 8 12,803,467 CASH IN THE TREASURY AVAILABLE FOR REDUCTION OF PUBLIC DEBT, Gold held for gold certificates actually outstanding $94,046,015 Silver held for silvor certificates actually outstanding 131,930,489 U. S. notes held for certificates of deposit actually outstanding 7,135,000 Cash held for matured debt and interest unpaid 18,838,131 Cash held lor bonds called not matured and balanoo of intorest 16,172,123 Fractional currency 2,210 Total available $268,123,971 RESERVE FUND. Hold for redemption of U. S. notes, acts January 14, 187.5, and July 12, 1882 $ 100,0)0,090 Unavailable for red uction of debt: Fractional silver coin.... $26,601,613 Minor coin 151,053 T0ta1......... $ 26,752,671 Certificates held as cash 36,380 459 Net cash balance on hand 21,8.59,983 Total cash in Treasury as shown by the Treasurer’s general account. .3 4 -3,117,036 M. V. Montgomery, Commissioner of Patents, has been appoint id Associate Justice of the Supremo Court of the District of Columbia. He is a resident of Lansing, Mich.