Democratic Sentinel, Volume 11, Number 51, Rensselaer, Jasper County, 13 January 1888 — THE NATIONAL CAPITAL. [ARTICLE]

THE NATIONAL CAPITAL.

According to the debt statement, the decrease of the national debt since Juno 30, 1887, has been $53,830,335; total cash in the Treasury available for the reduction of the debt, $205,919,424; total cash m the Treasury, $527,265,556. Following is the official statement: INTEREST-BEARING DEBT. Bonds at 4)4 per cent $ 230,544,600 Bands at 4 per cent. 73*2,442,100 Refunding certificates at 4 per cent. 151,530 Navy pension fund at 3 per cent.... 14,000,000 Pacific Railroad bonds at 6 per cont. 64,623,512 Principal $1,041,761,742 Interest 12,001,801 Total $1,053,703,543 DEBT ON WHICH INTEREST HAS CEASED SINCE MATURITY. Principal $3,163,955 Interest.,.. 178,392 Total $3,342,347 DEBT BEARING NO INTEREST. Old demand and legal-tender notes $346,738,121 Certificates of deposit 6,985,00 j Gold certificates 96,934,057 Silver certificates 176,855,423 Fractional currency (less $8,375,934, estimated as lost or destroyed)... 6,942,214 Principal $634,254,815 TOTAL, DEBT. Principal $1,679,180,512 , Interest 12,180,193 Total $1,691,360",705 Less cash items available for reduction of the debt $ 295,019,424 Less reserve held for redemption of United States notes 100,003,000 Total $ 395,919.4*21 Total debt less available cash items $1,293,441,281 Net cash in the Treasury 69,842,8 7*9 Debt loss cash in Treasury Jan. 1, 1688 $1,225,598,402 Debt less cash in Treasury Dec. 1. 1887 * 1,240^3,052 Decrease of debt during the ” sr ;JxS? tuoMth $ •*f£'584,650 Decrease of debt since June 30, 1887 53,830,335 CASH IN THE TREASURY AVAILABLE FOR THE REDUCTION OF PUBLIC DEBT. Gold held for gold certificates actually outstanding $96,734,057 I Silver held for Bilvor certificates ac- | tually outstanding 176,855,423 U. S. notes held for certificates of deposit actually outstanding 6,985,000 Cash hold for matured debt and interest unpaid 15,344,148 Fractional currency 795 Total available $295,919,421 KEBERVE FUND. Held for redemption of U. S. notes, acts January 14, 1875, and July 12,1882 8 100,000,000 Unavailable for red uction of debt : Fractional silver coin $ 24,327,528 Minor coin 55,761 Total-' -...$ 24.333,289 Certificates held as cash 37,479,964 Net cash balance on hand 69,842,879 , Total cash in Treasury as shown by the Treasurer’s general account. .$ 527,625,556

Ah Associated Press telegram from Washington says: Chairman Mills, of the Committee on Ways ana Means, says that he will get the committee together without delay, and will proceed at once to the consideration and formulation of a tariff-reform bill, having in view revenue redaction as well. “I do not think, ” said he, “that it will be necessary to allow any protracted bearings of manufacturers or others interested in this class of legislation. We have ample material on band of that character, from which source all necessary information may he obtained. These hearings, if granted, will only canse delay. The condition of the country and the Treasury is such that it requires immediate action upon the question of reduction of revenue. The President asks it and the Secretary of the Treasury urges it, and, I shall do all I can to carry out their wishes. If any effort should be made to defeat the measure which we think will cover the ground the parties engaged in it will suffer. ” Congressman Burrows, of Michigan, a member of the same committee, declares he will fight to the bitter end for a reduction of the surplus revenue on a protectionist basis. He says he is thoroughly committed to the policy of protection for the United States, and will not allow any reduction made with his consent on free trade lines.