Rensselaer Republican, Volume 17, Number 40, Rensselaer, Jasper County, 11 June 1885 — THE PUBLIC DEBT. [ARTICLE]

THE PUBLIC DEBT.

The Official ,Statement of the Secretary of the Treasury. “ The debt statement tissued on the Ist Inst, shows: : Decrease of the public debt during Z the month of May (according to A . ■ the old form)>l... ' $ 4,425,485 Decrease of debt since June 30, 1884. 54,500,714 Cash in the Treasury 470,570,409 Gold certificates Silver certificates outstanding 140,660,776 Certificates of deposit outstanding. 27,240,000 Refunding certificates outstanding. 240,700 Legal tenders outstanding 346,681,016 Fractional currency (not included . in amount estimated as lost or destroyed) ..... ..... 6,965,898 The following is a recapitulation of the debt statement on the Ist of June (new form): Interest bearing debt— Bonds at 4\> per centA: •- • $250,000,000 Bonds at 4 per cent.... 1 737,719,750 Bonds at 3 per cent, -i,,,..,, 194,190,500 Refunding certificates at 4 per cent. 240,700 Navy pension fund at 3 per cent.. . 14,000,000 Pacific Railroad bonds at 6 per cent 64,623,512 Principal .$1,260,774,462 Interest. .+...... 11,480,096 T0ta151,272,254,558 De bt on which interest lias ceased —« sine? maturitv— Principal $4,353,855 Interest. 232,489 Total $4,586,345 Debt bearing no InterestOld demand and legal-tender notes. $346,739,001 Certificates of deposit 26,925,000 Gold certificates............. 128,553,010 ; Silver certificates. 105,085,186 Fractional currency (less $8,375,934, estimated as lost or destroyed)... 6,965,898 Principal 614,268,095 Total debt — Principal $1,879,396,413 Interest 11,712,586 Total. ..$1,891,108,999 Less cash items avail- , able for., reduction of the debts 266,624,966 Less reserve held fol redemption of U.S. notes 100,000,000 Totals 366,624,966 Total debt less available cash item 5......... 1,524,484,033 Net cash in the Treasury‘ 30,093,021 Debt less cash in Treasury June 1, 1885... 1,494,391,011 Debt less cash in Treasury May 1, 1885 1,497,741,844 Decrease of debt during the month as shown by this statement 3,350,833 Cash in the Treasury—Available tor reduction of the debt— Gold held tor gold certificates actually outstanding $128,553,010 Silver held for silver certificates actually outstanding 105,085,186 U. S. notes held for certificates of deposit actually outstanding. ... 26,925,000 Cash held for matured debt and interest unpaid . ..-.—.tutu 6,058,141 Fractional currency.... 3,629 Total available for reduction of debts 266,624,966 Reserve fund held for redemption of U. S. notes, act July 12, 1882.. 100,000,000 Unavailable for reduction of the debt— Fractional silver coin... ..$31,694,364 Minor coin 896,115 Cash held for certificates issued but not obtained. 50,261,940 Net cash balance on hand..... 80,093,021

Total cash in the Treasury as shown by Treasurer's general account.. $479,570,409 Reconciliation June 1, 1885— Total debt, old form Increased byPacific Railroad bonds.. 64,623,512 Accrued interest thereon. 1,615,587 Interest due and unpaid thereon 11,910 $ 66,251,009 T0ta151,941,370,933 Decreased byGold certificates in cash.s 14,371,350 Silver certificates in cash. 35,575,590 Certificates of deposit in cash 315,000 Total debt, new f0rm51,891,108,999 MaV 1, 1885— Total debt, old f0rm..,..51,883,907,571 Increased by— Pacific Railroad bonds $ 64,623,512 Accrued int. thereon... 1,292,470 Interest due and unpaid thereon 13,260 T0ta151,949,836,814 Decreased byGold certificates in ca5h..528,625,290 Silver certificates in cash 32,141,140 Certificates of deposit in cash.’... 50,000 > ' tTotal debt, new form,... ..$1,889,020,384 Decrease, old form 8,787,641 Increase new form 2,088,615 June 1, 1885 — Cash in the Treasury, old f0rm..... $479,570,409 Redhced by certificates as ab0ve...... $50,261,940 Assets not available 32,590,480 Total $396,717,988 Cash in the Treasury, new form, made up of— Cash available for reduction of debt $366,624,966 Balance'. 30,093,021 $396,717,988 May 1, 1885— Cash in the Treasury, old form $483,932,56 Reduced by certificates as ab0ve560,816,430 Assets not available 31,837,596 —: 92,654,026 Total $391,278,539 Cash fn the Treasury, new form, made up of— Cash available for reduction of debt $367,321,117 Balance 23,957,421 T0ta1;5391,278,539 Debt less cash in the Treasury, old form—' ■ June 1. 1885;....51,395,549,520 May 1, 1885 1,399,975,005 Decrease. $4,425,484 Debt less cash In the Treasury, new torm — June 1, 188551,494,391,011 May 1, 1883 1,477,741,844 Decrease $3,350,833