Democratic Sentinel, Volume 14, Number 25, Rensselaer, Jasper County, 11 July 1890 — FINANCES OF A NATION. [ARTICLE]

FINANCES OF A NATION.

PUBLIC DEBT STATEMENT OF THE DEPARTition «»F 1 Sa Obligations an* of the •t—Thc Has Decreased' Over 1988,000,000 in Twelve Months. TEepubFfed«bt state men tfofTTiTy~TT INTEREST-BEARING DEBT. Bonds at-p/, ner eept - tirn.iMii.ffM- ' Bonds at 4 per cent 602,193.5X1 Refunding certtfteagjw: at f per . eent.J..?. M3.8G0 Navy pension fund at 3 percent "Pacific failr’oaff boriefs at 6 per. ce^t ? y f ....... if ■• $786,933,622 Vi J .' (»|f » H t j't I.C ti iti —i-J Total $799,552,772 DEBT OXrWMVni'INTteRKS'irHAi 1 CEASED SING*. Prlncfbalf.’...7.<.r.^ U^f^ ’ '51,815,865' Interest,{... I 149,131 Total.. aJSXHM $1,944,996 DEBT BEARING NO INTEREST. Old demand anti* legal tenantnotes,a. t.. .A. .’5346,737,018 Cert i ficates of deposit -1 Al»S3p,l»00 Gold bertlflcatesl31 1 350,019 Silver certificates!J.. J. .£? 297,210,'04J ’ Fractional currem y, less $8,375,- j 934, estimated as lUO t or destroyed . 6.91J,51fl Principal \ 794.06fe.ftij TOTAL DEBT. , C| Principalsl,sßs,B2l,o4B Interest 9.765,282 T0ta151,505,586,330 Less cash items available for reduction of debt 5452,001,409 Less reserve held • for redemption of U. S. notes.. 100,000,009 ♦ , Total debt less available cash 1tem5...51,043,584,921 Net cash in the treasury 55,409.748 Debt less cash in the treasury July 1, 1890$ 988,175,173 Debt less cash in the treasury June 1, 1890 1,008,858,893 Decrease of debt during month....? 20.633,725 Decrease of debt since June 30.1839 88,471,448 CASH IN THE TREASURY AVAILABLE FOR REDUCTION OF THE PUBLIC DEBT. Gold held for gold securities actually outstandings 135,."50,019 Silver held for silver certificates actually outstanding 297,210,043 United States notes held for certificates of deposit actually outstandingl 11,836.000 Cash held for matured debt and interest unpaid«... 11,581,037 Fractional currency 230 Total available for reduction of the debt..s 451,001,400 RESERVE FUND. Held for redemption of United States notes, acts Jan. 14, 1875. and July 12. 1882$ 100,000,000 UNAVAILABLE FOR REDUCTION OF THE DEBT Fractional silver coin.? 22,805,225 Minor coin 195,782

Totals 23.002,907 Certificates held as cash 30.942.668 Net cash balance on hand 55,409,748Total cash in the treasury as shown by treasurer’s general accounts 661.355,832