Democratic Sentinel, Volume 14, Number 51, Rensselaer, Jasper County, 9 January 1891 — DECREASE OF THE PUBLIC DEBT [ARTICLE]

DECREASE OF THE PUBLIC DEBT

It Has Gone Down 811,003,398 During the Last Month. The following is the public debt statement for December: INTEREST-BEARING DEBT. Bonds at 41a per cent $ 59,177,550 Bonds at 4 per cent 659,742,700 Refunding certificates at 4 per cent. 990,499 Aggregate of interest-bearing debt exclusive of U. S. bonds issued to Pacific railroads.... $619,019,740 Debt on which interest has ceased since maturity 1.682,505 DEBT BEARING NO INTEREST. Legal-tender notes $346,681,016 Old demand notes 56,032 National bank ndtes— Redemption account (deposited in Treasury under act of July 14, 1890) 51,323,030 Fractional currency, less $8,375,934 estimated as lost "or destroyed.... 6,910,626 Aggregate of debt bearing no interest, including national bank fund deposited in the Treasury under act of July 14, 1890 $404,970,704 Certificates issued on deposits of gold and silver coin and legal-ten-der notes: Gold certificates 175,431,969 Silver certificates 309,855,778 Currency certificates 6,820,000 Treasury notes of 1890 24,090,500 Aggregate of certificates offret by cash in the Treasury $517,198,217 Aggregate of debt, including certificates, Dec. 31,'1890 $1,541,871,198 Decrease of bonded debt during the month 7,424,928 CASH IN TREASURY. Reserved for redemption of United States notes, acts of Jan. 14, 1875, and July 12,1882 $100,000,030 For redemption of gold certificates issued 175,431,969 For redemption of silver certificates issued..... : 309,655,778 For redemption ot-currency certificates issued i 6,820,090 For redemption of Treasury notes, act July 14, 1890 24,090,500 For matured deot, accrued interest, and interest due and unpaid 5.670,597 Total cash reserved for above purposes $621,858,844 AVAILABLE FOR OTHER PURPOSES. Fractional silver, fractional currency, and minor coin not full legal tender $19,153,006 Net cash balance, including $54,207,975, national bank fund deposited in the Treasury under act of July 14, 1800,.... Y 38.418,806 Total $679,440,656 Debt, , less cash in the Treasury Dec. 31, 1890 662,430,541 Debt, less cash in the Treasury, Nov. SO, 1890 873,435,939 Net increase of debt during the ? month $11,005,398 *