Democratic Sentinel, Volume 11, Number 23, Rensselaer, Jasper County, 8 July 1887 — THE NATIONAL CAPITAL. [ARTICLE]

THE NATIONAL CAPITAL.

During the month of June the circulation of standard silver dollars increased $84,687, and the gold holdings of the Treasury increased $207,806. The increase of silver circulation during Sie year was $1,336,030, and the increase in the gold holdings during the same time was $27,946,000. During the fiscal year just ended the principal of the bonded debt of the United Stato3 decreased $127,911,030, and the amount of the accrued but unpaid interest on such debt decreased $508,911. The decrease in certificates of deposit amounted to $9,480,000, and in demand note 3 and fractional currency to $7,438. During tho same period there was an increase of $69,182,854 in gold ana silver certificates, and an increase of $40,949,854 in the cash in the Treasury, showing a net decrease in the public debt during the year of $109,737,641. The Juno public debt statement is as follows:

interest-bearing debt. Bonds at 4>,<> par cent $ 250.000,030 Bonds at 4 per cent 737.800,000 Bonds at 3 per cent 19,710,500 Refunding certificates at 4 per cent. 175,250 Navy pension fund at 3 per cent.... 14,000,000 Pacific Railroad bonds at 0 per cent. 04,023,512 Principal $1,088,331,512 Interest 12,351,003 Total $1,038,007,465 debt on which interest has ceased since MATURITY. Principal $0,115,105 Interest 190,753 Total $(>,305,919 DEBT BEARING NO INTEREST. Old demand and legal-tender notes $346,733,146 Certificates of deposit 8,77<>,00j Gold certificates..'. 91,225[437 Silver certificates 142,118,017 Fractional currency iless $9,375,934 estimated as lost or destroyed)... 6,940,964 • Principal $595,798,504 TOTAL DEBT, Principal .$1,083,229,591 Interest 12.542,307 Total. $1,703,771,948 Less cash items available for reduction of the debt $ 283,489,812 Less reserve held for redemption of United States notes 103,000,000 Total - S 390,489,842 Total debt less available cash items 41,320,282,106 Net cash in the Treasury 40,853,309 Dobt less cash in Treasury July I. Debt loss cash m Treasury June b 1887 • 1,233,281,402 Decrease of debt during tU3 month... $ 10,852,725 Decrease of debt since Jano IWB -i 103,707,040 CASH IN THE TREASURY AVAILABLE FOR REDUCTION OF PUBLIC DEBT. Gold held for gold certificates actually outstanding gqi oo*» 4^7 Silver held for silver certificates ac- ’ ’ tually outstanding 14*i hq ni7 U. H. not@6 held for certificates of ’ ’ de; osit actually outstanding 8 770 000 Cash hel 1 for matured debt and interest unpaid pf r 7 >;o.> Caßh held tor bonds called not ma- * * tured and balance of interest 19,710 500 Fractional currency... 3‘260 Total available $230 489 842 RESERVE’fund. ” ’ ’ Held for redemption of U. S. notes acts January 14, 1875, and July 12, 1882 '.s 100,030,030 „ Unavailable for ro.l uctiou of debt : Fractional silver coin... .S2O 97/ 493 Min £ r * c “ in ll5)o?8 T0ta1.... 5 27,094,192 Certificates held as cash 33 990 513 Net cash balance on hand 40)5ia)309 Total cash in Treasury as shown by the Treasurer s general account. .$ 482,433,917