Edwardsville spectator. [volume] (Edwardsville, Ill.) 1819-1826, 1825-02-08

uN''""'~ III N'' va W 10 ~
lows;
In 1925, 81 654,57O 90 of per cents.
1870, 7,Oo&,35o o. per cents
80 o o'ooa 400 o. o. Per cents.
1890 66o0 g0, 90 ,,onps'd t. he
ar5 ps,r cent.
1850, 100000 10, the same.
al83l, o,018,90l 50, the same.
"a, lo5Z, ool6soo u, OF N,h 'aoo
% 1'ioisg nar csn 81 0ei'' anu ''0N0'ONO
1879 66z3G55 n all A1-9 ner
cent except Sl8,o01 SO, at 5 per cent
1884, 1864, 155 IS at 1-2 per cent.
1859, 4'Ioo,@9o 90 at per cent.
This includes all tn pa. ovb Of
the United States, excep. 1000 600 OF
S pei cent. stock, subscribed to The
capital OF the Blk al L l' es,
and lS,296,23l As at per ceoio; eeth
OF which ar psyab + - the pleasure OF
the government. AS, under the 31re-
gong vie" OF the deot, all sha' VII be
redeem bic alter The year 1923, viii be
at an inlerest.oi i've per cent, or 'ess;
and as The hive cent, stock, subscribed
10 the Bank, is relmburable in such per-
tons as the Government may please, any
SURPRISES which may remain, 10 1929,
and subsequent years after discharglng
the debt redeemable, and proposed to
be made redeemable. IN those years,
may be applied TO the payment OF that
stock; or, If it be deemed advisable TO
reserve any such SURPRISES Tor othe"
objects, there Is nc doubt that a sum,
sufiit lent to pay off that stock, may be
obtained az l. 2 per cent, or even at
lower rate of interest, reimhurSable in
1884, IN which year, II will be percelv-
cd, only small sum is redeemable.
According TO this exhibition oil the
subject, reckoning the principal * inter.
est OF public debt, unui its extinc ion,
at about | IL 600 900 lode pendent Vi the
stock subscribed TO the bank, which
may always be considered as Offset by
the Government shares in the bank. il
VIII be peceived, that, by allowing TO-
100000 annually, wrh an addniooal
million IN the first year, ,nc whole Of
the public debt OF the United States will
be extlnguished by the end oil the year
1855.
In speaking OF the pull &c debt, II may
be proper to notice the reduction thai has
been effected, during the last year, ho'h
IN the amount OF principal and RAJ, ri in
teres'. On the LIST o. January, 1917 tbs
whole debt OF the United States WIS
1876 49l,965 10; OF which lis 257 sos
48 we're funded, bearing an average IN
crest u 5.563 per cent. per annum. o.
The Isl January next, the What's aeb'
VIII be s6'O45'033 l6, bearing an ave-
rage interes' u 5234 Which shows
reduction Of 37,446,96l 81 OF prin, lpai
and CT O.364 IN the average rate Of intef-
est.
1t Is, also deemed proper to state, that
the loan OF 100000 tor The payment OF
the awards undef the Florida Irea'ya
the loan OF 5000 900 for paying tue
per cent stocks ct 1912, both OF when
we're authorized at tine las, sessioa Of
Congress, a A per cent. have been Ia
ken by the Bank oi the Cni.ed States, at
par The means OF dlschateing The
awards under the Florida Treaty, were
required SO soon aiIsr the authority WAS
gwen to make the loan, as not to leage
llme sufficient tor receIvnf proposals
from distance; and The offer o. the,
oank Tor me whoie loan al par, was &C.
cepted. For The subsequent loan, "a
nous proposals were received amount
/ ing IN the whole, mo n DGGutiy Ct raj