Rensselaer Journal, Volume 10, Number 48, Rensselaer, Jasper County, 9 May 1901 — Public Debt Being Reduced. [ARTICLE]

Public Debt Being Reduced.

The public debt statement, issued by the Treasury Department, shows that at the close of business April 30, 1901, the debt, less cash in treasury, amounted to $1,072,745,256, a decrease for the month of $4,397,653. This decrease ft largely accounted for by the purchase of bonds for the einking fund. The debt is recapitulated as follows: Interest-bearing debts 995,350,380 Debt on which interest has ceased since maturity 1,557,840 Debt bearing no interest.. 382,331,244 T0ta1,...51,379,239,464 This amount, however, does not include $770,842,989 in certificates and treasury notes outstanding, which are offset by an equal amount of cash held in the treasury for their redemption. The cash in the treasury is classified as follows: Gold reserve funds 150,000,000 Trust fund 770,842,989 General fund 140,919,971 In national bank depositaries 98,322,828 Total.-$1,160,085,789 Against which there are demand liabilities outstanding amounting to $853,591,580, leaving a cash balance in the treasury of $306,494,208.