Democratic Sentinel, Volume 12, Number 29, Rensselaer, Jasper County, 10 August 1888 — PUBLIC DEBT STATEMENT. [ARTICLE]

PUBLIC DEBT STATEMENT.

Tlie Country’s Debt Reduced #4,137,298 During the Last Month. The following is the debt statement for the month of July: INTEREST-BEARING DEBT. Bonds at 4)6 per cent 8 221,642,350 Bonds at 4 per cent 713,738,200 Refunding certificates at 4 per cent. 134,080 Navy pension fund at 3 per cent.... 14,000,000 Pacific railroad bonds at 6 per cent. 64,623,512 Principal. @1,014,138,142 Interest 6,416,544 Total $1,020,554,680 DEBT ON WHICH INTEREST HAS CEASED SINCE MATURITY. Principal $ 2.478,065 linterest . 167,925 Total $ 2,649,590 DEBT BEARING NO INTEREST. Old demand and legal-tender notes.® 316,737,853 Certificates of deposit.., 15,205,0 X) Gold certificates 131,959,112 {Silver certificates 203,680,679 Fractional currency (less $8,375,934, estimated as lost or destroyed).... 6,922,043 Principal $ 704,505,257 TOTAL DEBT. Principal @1,721,122,065 interest 6,584,469 Total @1,727,706,534 Less cosh items available for reduction of debt.. .@359,909,641 Less reserve held for redemption of United States notes 100,010,000 $ 459,909,641 Total debt less available cash item s @1,257,796,893 Net cash in the Treasury 106,349,535 Debt less cash in Treasury Aug. 1, 1883 @1,161,447,353 Debt less cash in Treasury Julyl, 1888 1,165,584,056 Decrease of debt during the month $ 4,137,298 Decrease of debt since June 30, 1888. 4,137,298 CASH IN TREASURY AVAILABLE FOR REDUCTION OF THE PUBLIC DEBT. Gold held for gold certificates actually outstanding @ 131,959,112 Silver held for silver certivicates actually outstanding 203,680,679 U. S. notes held for certificates of deposit actually outstanding 15,205,000 Cash held for matured debt,and interest unpaid 9,063,135 Fractional currency 1,715 Total available for reduction of debt @ 359,909,641 RESERVE FUND. Held for redemption of U. S. notes, acts Jan. 14, 1875, and July 12J1882.@ 100,000,000 Unavailable for reduction of debt: Fractional silver coin @ 26,034,462 Minor coin 133,753 Total.. @ 26,168,216 Certificates held as cash 53,695,974 Net cash balance on hand 106,349,535 Total cash in Treasury as shown by Treasurer’s general account.® 646,123,363