Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1820-04-25

2O2S2,779 10
From which appropriations for
1870, there may he deducted
the following items. which will
not be required for 1921, and
the parts OF items, WHICH are
either unnecessary, or may,
without injury TO the public
service, be spared, TO vii:
FOR completing several arsenais. CO. 600
Arrearages prior to 1875 for Mi
litary Academy. ..................2ii 2S
Arrearages. 100000
Haif-pay pensions TO widows
and orphans (part). ...............75O 600
Revolutionary pensions. .......... $50 900
tbalances due certain states. .25O,OOO
Taking the census. O.0aO
Cumberland road. .................I4IOO 900
folding of Indian treaties. 10000
Claims of the inhabitants OF the
lafe province of West Florida ..2I23I
Payments for outstanding de.
bsntures for internal duties 10000
Balance due M. Poirey 81 Nj. de
Nienne. ..................4,ISI
roTtincatIcns...... ......,...t00, 900
Sl,S56,79e
Deduct therefrom for expendi
lures that may be required for
the service of the year 1921,
and which cannot be foIeseen. .256790
Leaving an amount charged in
the year 1920. aud whieh lit is
believed, will not be required
tor the year 1921 ................l 600 400
Estimate Of expenditure for the
year 1871. zee. Is, 6S2,770 &c
Estimated excess of receipts over
tile expenditures of the year
1871. '.................. 037 800 p
1920 900 90
The committee also submit, That no part
of the principal of the Funded Debt becomes
payable until the year 1925, except the an-
nuai Reimbursement of the deferred stock
al NI.a N-oll.
sums annually re-imbursable on the public
funded debt, for the years 1925, 1926, 1927, and
1928, TO wit:
Year 1925, Six per
cent stock per act of
Ith March, 1872. 1857 0O6 a
do do 9th july. - 666 97l99
do Treasury Notes,
! funded per act 9th
FEBRUARY 1915, .......I1 l9 lbs 81
1925, lO74l
do $685. POS 81
----Is. s7O, 4O5 II
1896, six per cent,
stock, per act ofSth
February 1873. ,52I 1866
do do I'd August do SS6 232 80
--------22 357 36S 81
1927, Six per cent,
stock, per act of 9th
March 1871 800. oil ,137 Ga
1923. do do Sd
March, 1885,. ......,.....,........9,l0 400 009 10
The Committee fur
theT state, that from
the lat January, 1901,
TO the LIST January,
lSOS, inclusive, there
was redeemed Of the
principal ofthe pub-
TIC debt the sum of 81 ,257 ,SiI 10
And between the LIST
January, 1917, and
the LIST January, 1870,
the sum OF, ..........32, 065, T50I7
An act passed on the Sd March, 1877 6 10
provide for the redemption of the public
debt. That actyested in the Commissioners of
the Sinking Fund the SUM Of ten millions of
dollars, to be applied yearly by them to the
payment OF the interest and charges, and TO
TIC reimbursement or purchase of the public
debt aud provides, that the said aunnal app
preparation shall be paid iTCH the proceeds
OF the duties on merchandise, the tonnage of
vessels, internal duties, aud sales OF western
sands although that act Is not considered
~ a pledge of those funds, yet, tits understood
al the Treasury, that the appropriation for
the Sinking Fund has preference over every
other, and must, Of required by the Commis-
sIoneTs,J be first paid. The documents before
the BOnSe sheW that there is no part of the
principal Of the public debt payable during
lbe years 1921, 1922, 1923, 1924, except the
reimbursement Of the deferred stock.
The Sinking Fund can operate, of couTse,
during those years only iu manner fello wing
unless the United States Stock should be
purchased al par,) to wit:
1921, Interest aud reimbursement
payable this year, lJ5, 3O7 no 20
1872 I" 5,307 ,770 40
1873 5,3O7,770 76
ie2l 5,O23,I26 "a
Mud for the present year Of 1920,
as already siattd, 7,7lI5O2 ~
Total ofaciual demand on the
fund. SIS 657,9U %
Leaving the sum of S2I.3I2,O5s ~ for those
years which cannVt be applied TO the pay-
ment OF the principal Of he debt in any other
way ihan by purchase. NO purchase can be
made dgFccdbly 10 the act, unless the same
can be effected ~ OF Wudtrpar. The present
market value of the United States six nor
cnnI slnck i. hmm N hn LIZ 90 AID h..Ir