Democratic Sentinel, Volume 11, Number 36, Rensselaer, Jasper County, 7 October 1887 — NATIONAL FINANCES. [ARTICLE]

NATIONAL FINANCES.

Reduction of the Public Debt During Last Month. The principal of the interest-bearing debt of the United States is being gradually reduced, as the following figures for September will show: INTEBEST-BEABING DEBT. Bonds at per cents 234,673,350 Bonds at 4 per cent 733,654,150 Refunding certificates at 4 per cent. 163,430 Navy pension fund at 3 per cent.... 14,000,000 Pacific Railroad bonds at 6 per cent. 64,623,512 Principa151,047,116,442 Interest 11,415,570 T0ta151,053,530,012 DEBT ON WHICH INTEBEST HAS CEASED SINCE MATURITY. Principal $3,739,935 Interest 184,432 T0ta1....’ $3,924,367 DEBT BEABING NO INTEREST. Old demand and legal-tender notes $346,738,121 Certificates of deposit 6,535,000 Gold certificates 97,984 683 Silver certificates 155,354,826 Fractional currency (less $8,375,934, estimated as lost or destroyed)... 8,943,951 Principal $612,556,581 Interest prepaid, not accrued 1,092,988 TOTAL DEBT, Principa151,663,410,958 Interest 12,692,992 T0ta151,676,103,950 Less cash items available for reduction of the debts 275,307,888 Less reserve held for redemption of United States notes 100,000,CJS Totals 375,307,888 Total debt less available cash „ . «1,300,796,062 Net cash m the Treasury 45,269,665 —" Debt less cash in Treasury Oct. >. I*® 7 -;: - • • • • • •' $1,255,526,396 Debt less cash in Treasury Sept. 1» 1887 1,260,774,366 Decrease of debt iduring the month.... $ 14,247,939 Decrease of debt since June 30, 1887 23,902,340 CASH IN THE TREASURY AVAILABLE FOB BEDVC-