Democratic Sentinel, Volume 11, Number 28, Rensselaer, Jasper County, 12 August 1887 — NATIONAL FINANCES. [ARTICLE]

NATIONAL FINANCES.

The Monthly Debt Statement Issued % by Treasurer Jordan. Uncle Sam’s Indebtedness Beduced About Five Millions in July. [Washington telegram.] The following is a recapitulation of the debt statement issued on (he Ist inst.: INTEREST-BEARING DEBT. Bonds at percent 3 250.000,000 Bonds at 4 percent 737,804,950 Refunding certificates at 4 per cent. 171,900 Navy pension fund at 3 per cent.... 14,000,000 Pacific Railroad bonds at 6 per cent. 64,623,512 Principal *1,066,600,362 Interest 7,169,653 Total *1,073,769,015 DEBT ON WHICH INTEREST HAS CEASED SINCE MATURITY. Principal *6,161,115 Interest 195,885 Total *6,357,000 DEBT BEARING NO INTEREST. Old demand and legal-tender notes *316,738,146 Certificates of deposit 8,46:\00u Gold certificates 94,990,087 Silver certificates 144,166,141 Fractional currency (less *8,375,936 estimated as lost or de5tr0yed).6,945,749 Principal *601.300,123 TOTAL DEBT, Principal *1,676,061,600 Interest 7.634,538 Total. 81,681,426,139 Less cash items available for reduction of the debt ....* 261.144,703 Less reserve held for redemption of United States notes 100,000,000 Total * 361,143,703 Total debt less available cash „ items 41,320,282,436 Net cash in the Treasury 45,698,594 Debt less cash in Treasury Aug 1. Debt less cash in Treasury July 1. 1887. 1,279,428,737 Decrease of debt during tne “outh * 4,344,894 CASH IN THE TREASURY AVAILABLE FOR REDUCTION OF PUBLIC DEBT. Gold held for gold certificates actually outstanding *94,991,037 bilver held for silver certificates actually outstanding 144,166,141 U. S. notes held for certificates of deposit actually outstanding 8,460,000 Cash held for matured debt and interest unpaid 13,525,654 Fractional currency 1,821 Total available *261,143,703 REBEBVE FUND. Held for redemption of U. S. notes, acts January 14, 1875, and July 12, 1882 3 100,000,000 Unavailable for red uction of debt: Fractional silver coin * 26,631,105 Minor coin 112,739 „ Total * 26,803,845 Certificates held as cash 22,658,219 Net cash balance on hand 45,698,594 Total cash in Treasury as shown by the Treasurer’s general account.. * 456.304,361