Jasper County Democrat, Volume 1, Number 17, Rensselaer, Jasper County, 6 August 1898 — PUBLIC DEBT DECREASES. [ARTICLE]

PUBLIC DEBT DECREASES.

Cash in tha Treasury Increases Because of War Revenue. The monthly statement of the public debt shows that at the close of business treasury, amounted to $987,081,006, a decrease tor the month of $49,004,486. Independent of the cash, the statement shows an increase in the debt of $182,159. The cash in the treasury increased during the month by over $49,000,000, principally from receipts on account of the new war loan. The debt is recapitulated as fellows: Interest-bearing debt $847,367,740 Debt on which interest has ceased since maturity... 1,260,050 Debt bearing no interest.. 384,297,441 Total $1,232,925,221 This amount, however, does not include $559,497,933 in certificates and treasury notes outstanding, which are offset by an equal amount of cash in the treasury. The cash in the treasury is classified as follows: Gold $225,136,393 Silver 514,879,965 Paper 90,294,517 Bonds, deposits in national banks, disbursing officers’ balances, etc 59,757,087 Total .$890,069,963 Against this there are demand liabilities outstanding amounting to $635,225,748, leaving a net cash balance of $254,844,215.