Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1826-01-04
44s,00O 90

/ ing Notifications, ord
! nance, Indian department
| revolutionary and military
pensions aiming the mill
| tia, and arrearages, pnor
| to the 1st OF JAM 1917 SoV,ooo w
| Naval service, including
| the gradual increase of the
! Navy, oSO'ooo w
| Public debt 1,028,000 90
| Making the total estimated expendi-
! ture of the year 1926, 2o,44o's|9 VI
| And leaving in the Treasury, on the
| LIST of January, 1926, an estimated ba' 49,
| lanae of so'Zof'ooI 20
Should the expectations formed respecting
| the receipts in the fourth quarter be realized,
the amount of receipts for the whole year VIII
have exceeded the estimate presented by the
Treasure. at the last session CT Congress, by "a
bout 100000.
II is 10 be remarked, that, Of the above esti-
mated balance of 5,2S4,o6l 70, the sum OF
8 SOC, 900 is not subject to appropriation, De-
ing the estimated amount that VIII remain, on
the st of December next, unsatlshed, oil aPpro-
priations heretofore made. These approprla-
tons being necessary for the objects Tor which
they were severally made, are still an existing
charge upon the means of the Treasury vi
the residuary balance of l,78406l 78, 1t is pro-
per distinctly TO state, that about one mllilon
cannot be counted upon in amy estimate OF Ell
fective funds for the public service.-lt Is made
up of debts due from various banks, whose
| notes were received by the Government during
the suspension Of specie payments, or which
were heretofore used as Banks OF deposlte,
debts. of which the recovery must, IN regard to
large part, be doubtful, and, in any case, SLOW
l, may be proper to add, that the permanent
deposites generally, made in State Banks, have
recently been Withdrawn, or put In train TO be
| so; the public exigencies, which rendered II ne
cessary 10 make them, in common with 'nose
| on which the losses aforementioned are hke-
~ 70 occur, no longer existing. Such portions
! the deposites as may still remain In any Of
these institutions, will be further Withdrawn,
as circumstances may render just and expedi-
en,, until these operations are closed; nor Will
,h-,. be rene wed where il may Dc aroIdable
II may be proper, also, to state, that direc-
| tons have lately been issued to all the Kecel-
| vers, and Collectors of the Public Revenue, not
| to receive, in any payments made to them,
| bank notes Of any OF the State Banks oil less "a
mount than five dollars. In discountenanclng
species ofpaper circulation deemed 10 be OBJ
j9ctionable, reference was had to the authority
| and example of Congress upon this point, as
seen in the prohibition TO the Bank OF the Uni
ted States, and TO the Banks existing In the
District of Columbia, against issuing notes OF
lower denomination. To guard against all
Inconvenience to individuals, from the adoption
of this measure by the Treasury, especially in
the districts where the public lands are sold, an
adequate previous notice was directed to pre-
cede its enforcement
III Of the Public Dedt
The total amount OF funded debt due on the first OF
October, 1885, was eV,soo,oo' ~
Of the above amount the only por
ton remaining unpaid of the Revolu-
tonary debt, is the three per cents, a.
mounting to Is, 296, Isl IS. This sum,
and the subscription of seven millions
in the Bank of the United States, at S
Der cent, (the United States holding an
equal amount IN the shares ofthat nsti-
tuition, are redeemabie at the pleasure
of the Government, making together q, Isl 4o
The residue of the public debt, contracted ,ubse-
quentlv to the first of January, 1912, and amounting
to 60 SU6 81 exists in the following portions, and
is redeemable at the following periods, VIZ.
In 1885, being the residue unpaid Of
loans made in 1918 lb,2TUIS zf
In 1927, being the residue unpaid of
loans made in 1914 13,O96,542 90
In 1928, being the residue unpaid of
loans made in 1915 S,fSooSS ~
of the debt is all at per cent.
In 1879, stock at Al per cent. being
the moety of6 per cent. stock of 1918,
exchanged underline act of Congress of
March Sd, 1925 I92,oo9 fl
In 1850, stock at Al per cent. being.
the other moiety exchanged as last a
bove stated iSZ,ooS f4
In 1881, stock at recent This IS
one third of the sun Of 56,704 II, is
sued in exchange for the o per cents of
| 1918. 1914. and 1915, subscribed under -
| the Act of the 2Jth Of April, 1922 1S,SOl 81
| In 1882, stock st per cent. being
| one other third part OF the sum subscri-
bed as last above stated Io,Sol oS
| In 1852, stock at A per cent, Dor
rowed of the Bank Of the United States,
one half to pay the Florida Claims; the
other half to paw off the per cents OF
1912, under the Act Of Congress OF May 80
| %, 1924 l0,ooo'ooo w
the Act o Of Congress Of May Is, 1920 ss9,99s IS
In 1855, Eock at per cent, being
| the remaining third, subscribed under :.
| the Act of Apr! 20, 1922 lo,soI ~
In 1855, stocks at A per cent, being
| one moiety of the amount subscribedm
exchange for 6 per cent, stock OF 1913,
under the Act of May rs, 1924 2,227,363 "
| In 1854, stock At a per cent, being
the other moiety subscribed AS lasta-
| bove stated |,<N,SoS 90
| MISS, stock at per cent, being