Rhode-Island Republican. [volume] (Newport, R.I.) 1801-1806, 1802-01-23
zI,z81 sc

S3oSoo5 ~
4th. Evidences of pub
lie paid for debt lands, zi,z8z sc
I,IS7.oI6 10
Amounting altogether to one million, one
hundred and eighty hveo tbouiand and hxtsen
dollars and frSenty eight cents.
The balance of fpecie in the Trcafury a.
mounted, ,on the fra Of April, 80 /, to 94,o44
doilau and IS cent?. aud on the firf OF October,
1901, 10 a.q4o,o38 dollars and 70 cents, max
ing difference in favor of the Treafury Of
I,IsI 90, dollars and 88 cents which lati fun,
added to the above aated payments on account
of the principal of the debt, makes an actual
difference in favor of the United STATES Of
z,33o,oIo dollars and 66 cents, dnIing thoie
FIX months.
The principal of the public debt unredcem-
ed on the fra of January, 1904, IS, IN the hate-
ment Pl arranged under four heads, viz.
III. Six per cent and deferred fiocks. The
nominal amount OF this debt is 4I,87e,sas dol
lars 4, tents. and the eight per cent. annuity.
applicable to its intcref and reimbursement Of
principal. amounts TO $3.50, ,6z dollars and
one cent. As by she effect of this annuity
s.oz7,74o dollars and 81 cents Of the principal
ihall have been rcimburled on the ! Il Of Janua-
sy. 1907, the unrcdeemed principal of that debt
will on that day be only,
Dollars, 36,o,I,7S4 66
The interea, at the rate of fix
per cent. or which lumis 7,1Ii,io7 o8
The part of the per cent annuity at pre-
fent applicable to che redemption Of the princi-
pal is, therefore, I.I3o,as4 dollars and three
cents. and encreaGng each year, at compound
intcreH, fhall, without any further proviiions,
h,ve t;(rh. rord the uvh hnl of fhe cx cent N
the year 5i8, and the whole OF the deferred
debt 10 the year 1874.
al. Three per cent flock a.
mounts 10 dollars, Io,o79,7os 63
And the intereR on the fame to s7z,39I Io
No proviGon has been made for its redemp-
ton, occaGonal pay men,s for lands excepted.
sd. All the other domeaic debts created
under the pre(ent government Of the union, in
order either 20 dfcharge other debts, or to meet
certain extraordinary expences. Thoie include
the FIVE and half, -four and half, navy fix,
1896 fix, and eight per cent aocks and the TEN
IDrary loans obtalned from the bank and amount
together To dcl!ars, Iz,o3S,4oo
The intcrea on all thcfc con-
Ni,n,es an item Of 8,8,3So SO
4th. The foreign deb, doe in Holland, and
ut Antwerp, amounts including premiums and
qualifications, to dollars, 9.9I5,ooo
Ths intcrea on which commit
Gons and charges included,
is for the year 1907, 476,q3l
This lait debt being payable 10 inttalmcnts,
at certain fixed dates, and il being neceAary to
purchaie remittances in America, near fix months
before the payments are made in Holland the
Aatement (R1 has been added, to ihew the pay
mems, both on account of principal and iniereA,
which become annually due in Holland, until
tho final redemption of the debt in 1909 and
the fu,ps which il will lie neceiIary every year
TO proyid: lin America, in order 20 meet thoie
payments. The greater part Of this debt be.
comes due in the couric OF the Ave next cniuing
years and the annual pay ments on account OF
principal and inicrf for that period. exceed, on
mn average, two millions Of dollars. The in.
convenience and difficulty OF procuring remit
tanccs to that amount. and the real injury arit-
ing from fuch heavy diiburiements abroad, rem.
der an extcnGon of the terms Of pay mcnt, by
partial rcloans, dciirable objee,; and meafures
have been taken TO aicertan its pratticabiliry.
All that !ccns wanted is, that the grois
smount of payments which are to take place
Nu'"b s"S S's" nSA' JS"'s '"ou'u W "o'S
equally sppcrtioned a.none9 thofe years and
any greater furp!us of revenue which might be
freed by that operation. woold be applicable 10
the rcde npion Of thofc ipecies Of the donsRic
debt which il may be thought moa eligible to
ucimburie.
Whethet this operation ihsll be effected or
not. no difficulty is apprchsnded from want of
Iefcurce, to dilchsre\every inaalrent ~ it ihsll
become due; the FUN payable 10 1903, in which
year the largef payments molt be made in Hol-
land, amounting, including both thotc, and all
other actually due, ON the account OF the inter.
ea and reimbursement Of the domefic debt, to
only 100000 dollars, or to 200 600 dollars
leS than the annuity of 7. 800. 900 dollars,
which has been sitimstsd as the iurplus Of re-
venue applicable TO that Object.
II that furP,us does exit. and it it will be
Efficient 70 mect all the enpaysmcnts o{ tho