Edwardsville spectator. [volume] (Edwardsville, Ill.) 1819-1826, 1822-01-15

Oui am NuiINtiSa ot@oN ~ ~
cent. stocks, under the act of May Is,
1920, S454,567 6S-making 81, S,3oS
70
And there was paid in the fourth quar-
ter of S38s,892 81, viz. deferred stock
reimbursed 24e,49o So; payments on
account of the Louisiana stock, l59, A9o
63--making the public debt unredeemet
on the LIST Of January, 1921, 9l,2e1,4lC
81.
From the lst of January to the soth o.
September inclusive, there has beer
added the sum Of 4,739,776 So, viz
3 per cent. stock for nteres, on register.
ed debt % OF; treasury note and 7 pen
cent. stock, A,454 OF; loan authorized
by the act OF Sd of March, 1921, Ass.
296 3o-making 96,o34,l92 50.
From which is TO be deducted the sum
Of 2,34S,o97 Is, viz : Reimbursement Of
deferred stock, during the same period,
276,757 IS; payments on account Of
Louisiana stock, 2,o7l ,36o-makihg the
public debt which was unredeemed on
the list of October, 1921, 93,656,o96 "A.
To which will be added in the fourth
quarter, treasury note 6 per cent. stock
issued 39l 4o--making 93,6s6, 4s6 Ia.
From which will be deducted in the
fourth quarter, the sum OF 262,88o Al,
viz: Reimbursement OF deferred stock,
257,322 90; residue of Louisiana stock,
5,55S l5-making the amount Of the
public debt unredeemed on the LIST OF
January, 1922, as estimated. o5,423,6o5
rs.
The treasury notes yet outstanding are
estimated at 28,495.
The awards made by the commission
ers, appointed under the several acts o.
Congress for the naturalization of GER
tain claimants Of public lands in the Mis-
sissippi territory, amount TO 4,2s2,45l
10; Of which there have been received
at the General Land OGice in stock,
2 ,442,535 SO land there rave eenpaid at
the treasury, i,7SA,49o 85-making to-
gether AIT ,o26 "a; and leaving out
standing on the Soth Of September, 1921,
lo5,124 So.
8. Ofthe Estimates ofhe Public Reeve
nue. and Expenditures for the year
1922.
The dininution Of the revenue from
imports and tonnage, which occurred in
1919, advanced with progressive force
through 1920, and reached its lowest
point of depression in the frs, quarter
Of the present ycar The duties Sc
cured in tha. quarter were 727, 900 dol
ars less than those Of the corresponding
luar,er of 1920 whilst the amount Sc,
cured in the second and third quarter OK
,eeded that of the same period Of the
preceding year by l,l72,ooo dollars:
hus presenting, on the 3oth OF SepteU-
Der last, an aggregate excess of 445,o2o
dollars fur the three first quarters OF
1921, which sum, there is just reason to
believe, will be considerably augmented
1t the end Of the year.
Whilst the duties have progressively
increased, the debenturcs chargeable
lpon them have considerably diminish
ID: the amount Of debentures iosncd
rom the first Of January 10 the 3o.h of Sep.
ember last, being $4,000 dollars less
han was issued during the same period
# the preceding year.
The same causes which, in 1919 and
800, effected a reduction Of the revenue
rising from imports and tonnage, were
eli in an equal degree in the sale of the
,ublic lands. Those who, from an antici-
,ation Of their recources previously to
hose years, were unable to purchase
oreign merchandise, were equally inca
,able of purchasing public lands, or Of
debts contracted with the
by purchases anteccdenlly !
made. |
In the annual report Of the Treasury
t the commencement ofthe last session
t Congress, the receipts from the pub
ic lands for the year 1921 were estima-
cd at 100000 dollars, if no change
hould be made by law affecting the OBJ
cations which the purchasers were then
nder to be punctual in their payments.
But, at the close of that session, an act
,as passed for the relief Of the purcha-
ers Of public lands, which SO far impair
d that obligation as to induce the Com
nittee Of Ways and Means to estimate
he proceeds Of that source OF revenue at
My 500, 900 dollars. Ii has been shown,
owever, that the receipts to the 5oth Sep
cmber last have exceeded 100000 dol
ars; and those ofthe whole year are now
stimated at 100000 dollors.
This result in relation to the public
ands, and the improvement which has
AIKEN place in the revenue arising from
IMPORTS and tonnage, indicate favorable
hange in the condition Of the nation
'om which progressive increase OF the
ublic revenue may be confidently anti