Rensselaer Semi-Weekly Republican, Volume 19, Number 10, Rensselaer, Jasper County, 8 October 1897 — PUBLIC DEBT IS INCREASING. [ARTICLE]

PUBLIC DEBT IS INCREASING.

Treasury Statement Shows an Addition of Nearly $4,000,000. The monthly treasury statement shows that at the close of business Sept. 30, 1897, the public debt, loss cash in the treasury, was $1,012,122,713, an increase since Aug. 30 of $3,787,592. This increase is accounted for by a corresponding decrease in the amount of cash on hand. The debt is recapitulated as follows: Interest-bearing debt ..... $847,305,540 Debt on which interest has ceased since maturity.... 1,334,570 Debt bearing no Total . $1,227,315,500 This amount, however, does not include $589,070,953 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 $184,501,004 Silver 513,481,747 Paper 133,011,339 Bonds, disbursing officers’ balances, etc........... . . 18,713,880 Total $850,308,031 Against this there are demand liabilities outstanding amounting to $035,175,844, which leaves a net cash balance in the treasury of $215,192,787.