Rensselaer Republican, Volume 18, Number 10, Rensselaer, Jasper County, 12 November 1885 — THE NATION’S FINANCES. [ARTICLE]

THE NATION’S FINANCES.

The United States Treasurer’s Regular Monthly Debt Statement. The following is a recapitulation of the debt statement issued on the let of November: INTEREST-BEARING DEBT. Bonds at 4)s percent $250,000,000 Bonds at 4 per cent 737,740,350 Bonds at'3 per cent 194,190,500 Refunding certificates at 4 per cent. 223,800 Navy pension fund at 3 per cent..... 14,000,000 Pacific Railroad bonds at 6 per cent. 64,623,512 ■ , ' i ■ ■■■■ Principa1.51,260,778,162 Interest 9,595,948 T0ta1>1,270,374,1M DEBT ON WHICH INTEREST HAS CEASED SINCE MATURITY. Principal.. $3,734,305 Interest. . 219,384 "Total' >3,953,689 DEBT BEARING NO INTEREST. Old demand and legal-tender notes. $346,738,841 Certificates of deposit 18,145,000 Gold certificates 109,020,760 Silver certificates 93,146,772 Fractional currency (less $8,375,934, estimated as lost or destroyed).... 6,961,163 Principal 574,012,536 Total debt— Principalsl,B3B,s2s,oo3 Interest. 9,815,338 T0ta151,838,340,836 Less cash items available for reduction of the debt 283,864,475 Less reserve held for redemption of U.S. notes 100,000,000 Total $333,864,475 Total debt less available cash item 551,514,475,860 Net cash in the Treasury. 66,818,292 Debt less cash in Treasury Nov. 1, 1885.51,447,657,568 Debt less cash in Treasury Oct. 1, 1881 1,460,934342 Decrease of debt during the month. $13,276,774 CASH IN THE TREASURY AVAILABLE FOB REDUCTION OP THE DEBT. Gold held for gold certificates actually outstanding $93,146,772 U. S. notes held for certificates of deposit actually outstanding 18,145,000 Cash held for matured debt and interest unpaid 13,549,637 Fractional currency 2,305 Total available for reduction of the debt $233,864,475 RESERVE FUND. Held for redemption of U. S.'notes, acts Jan. 14, 1875, and July 12, 1882...• $100,008,000 Unavailable for reduction of the debt:— 1 Fractional silver coin $22,965,536 Minorcoin. 719,831 Total $23,685,867 Certificates held as cash... 63,432,364 Net cash balances on hand. 66,818,28$ Total cash in Treasury as shown by the Treasurer’s general account.. $487,800,499 Net increase in cash. 3,864,341