Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1825-12-30

And leaving in the Treasury on the lst Of
January 1896, an estimated balance of 5.2SlO61 =
Should the expectations formed respecting the receipts
the fourth quarter be realized, the receipts
the whole year will have the estimate prescuts
by the Treasury the last session of Congress- by abou
100000
II to be remarked that Of the above estimated balanc
OF 3284o61 18, the OF 5oOOOO, subject ap
propHatIon being the estimated amount that will RENAL
on the 31st of December unsatiscd of appropriation
heretofore made
These appropriations being necessary for the objects 70
Whch they were severally made still existing charg
upon the means of the Treasury. OF the esiduary
ance OF Sj64O6 49, it is proper distinctly state, tina
'uout one million cannot be counted upon any estimate
OF eecuVe funds Tor the public service. 1t made
from various banks whose received b.
'e government during the suspension of specie payments
q" whch were heretofore used banks OF deposte debts
or winch the recovery must i'll regard large past, b
doubtiul and, III any case, slow.
1t may be proper to add, that the permanent depostes
generally, made in state banks have recently been with
Drawn, or put in train be the public cxgerccs which
rendered necessary make them in common with those
on which the losses, above mentioned, likely
no longer existing Such portions OF the deposes may
sun remain in any of these institutions, will be fuTthe
Withdrawn as circumstances may render just and aypeden
until these operations closed; will they he
where II may be avojdahe.
1t may be proper to state that directions have lately
been issued to all the Receivers and Collectors of tho pub
tic revenue not to receive, in any payments made them
hank-noes Of any of the banks of less than
hve dollars In misunderstanding species of paper Cir
vpaoh deemed to be objectionable, reference had IL
the authority and example of Congress upon this point
seen IN the prohibition the bank of the United States and
to the banks existing in the District of Columbia. against
ISSUING notes Of lower denominations 70 guard against
all Inconvenience to individuals from the adoption of this
measure by the Treasury especially in the districts where
ne pubic lands are sold, adequate previous notice
directed 10 procede its enforcement.
II. or the Public Debt.
The total of funded debt due the first of DC
toher 1925, Statement No. 3 was $30,985,537 70
OF the above amount, the only ror-
ton remaining unpaid of the revolution
airy debt Is the 5 per amounting to
$4,000 45. This sum- and the sub
scriptIon of millions in the Bank OF
the United States, at 1--WE per cent. (tha
United States holding equal amount in
the shares of that insti,ution)
ao!e at the pleasure Of the government,
making together 2o296,2s1 4a
The residue of the public debt, contract
ed subsequently, to the first of January,
1879, and amounting to 6O,689.3O6 27,
exists in the relieving portions, and IS
redeemable at the following periods, viz.
In 1895, being the residue unpaid of
loans made in 1873 I6Q7O1o7 o,
In 1927, being the residue unpaid of
loans made 'a"6 in 1914, 13,O96,542 90
loans made in 1878. o1oO 900 II
The stoc.> OF the foregoing portions of
the debt is all at per cent.
In 1929, stock al ~ per cent being the
rnoiety of per stock of 1913, ex-
changed under the act of Congress Of
March the Sd, 1925. roo ECO Al
In 1880 stock at d per cent. being the
other moety exchanged as last above
stated, 700 zen q,
In 1881 stock at per cent. This is
one-thi d of the of :567 04 II issued
in exchange for the 6 per cents of
1913, 1914, and 1876. subscribed under
TIE act of the 20th Of April. 1892 10 on "a
In 1852 stock at per cent. being one
other thid part of the sum subscribed as
last above statcu, 10 On, .o
In 1852, stock at ii per cent borrowed -
OF the bank Of the United States one half
to pay the Florida claims, the ohe, halfto
pay of The per of 1912. under the
act of Congress of May Goth, 1924, onoa oOn
In 1882 stock at per cent under the
act of Congress of May 18th, 1920, o9ooao "a
In 1888, stock at per Ceui; being m.
remaining third, subscribed under the act
Of a. AP ia,' ;he ,, eOIh, I8i2 1901 50
m9ety of the amount enhsclihPd in ex-
change for e per stock of 1873 I'M
'i H. ne I Sl' ." ,oo May the I'm, 1924 a7363 81
'lheF mois;y subscribed as last above
''I Tn Ia,s .,o,, -. s..- o,227,3G5 90
amount issued under the act of Conpre+s
OF March, the 81, 1921 1-,-ooe On
Total redcemablo the periods spec6ed so 500 aoe o.
Total rcdccmablc at the pleasure of IN,
s''''"'"'"'' 2o,296,231 Is
Total amount oc funded.dcJt, on the first
OF October, 1925 on no. ron, ~,
nc amount Of Treasury notes outstanding On the irt
% D.5o3f', 'o<'' IS estimated (No. y $4,000.
awards not applied for NO. 81 $50 IT,
Inc FOREGOING recapitulaon exhibits the precise amount
u. m PUBIC nsot now DUE well the different perods
"ncn by the terms Of the several loans under which it
was contracted, the United States arc at liberty IN nav :,
on Vi the sum Of $liO719G7 10, mentioned under the
nf'o OF expenditures for 1925 having been paid of in
mat year. S7127,O52 10 were on account of prnoa1 Of
the debt, aud the remainder on account of incre, ]
"e '!0e INST quarters of the year Nearly the whole Of
'"' principal thus paid outstanding ~ an interest Of six
''" Lookng To the above recapituation, it appears
10 tue years 1910 and 1897, larger amount of debt
becomes redeemabo than it will fail within the ordinary
meats OF the government 10 pay IN the course of
nose years VIZ sum exceeding sixteen millions i'm the
aug ,hi' millions in the latter year Both these
portions Of the debt are also at an, interest Of siv