The Virginian. [volume] (Lynchburg [Va.]) 1822-1829, 1826-01-02

c, i. d,Ponaue AND ms
- lu,spas iS,oeo -
fuftlhtai,aus urduauU , In
dsu Department, - Dlu=
/ tiat aty and niiilavy pm
80 -, afbulK u'. ntlttia.
at Of January. lar. gso.Dc %
i Nasal srfttcr. including
thu gradual inrfcasc oi IT.
navy, 80 toe ~
pubic deb, :01.0oo 10
Making tlt ,o,ai estin,l.
led expenditure Of The
t.4r i.ls 23.a43.579 u
And having IN the 'rea-
sitr ,, tn fitsf ~ la.fIn =----------
-, isie, an "'tinia'ed ba- ....-.
Should the expeditions formed respef-
ting tn. receipts IN the fourth QUARTER BIZ
redilIrd. the amount of receipts Tor III
whole ear will have exceeded the esli.
mate presented by the Treasury. a. Tie
last session of Congress hy about 100000.
II j. 10 be remarked, than, Ut th' above
estimated balance oil !, 28t, 0Gl 70, the sun
1T 3 J0O. 900 - mol subject t. appr"pria=
ton, beng the estimated amount thai VII
rrnsin. IN thr 31st Of Drcrnber next, IN
satisfied, ofappropriailon' hrreioiar" madr.
These appropriations being necessary Tor
the ubjecls lpr winch they were seY"raiiS
made arr still al ssI.lIn2 'hAlBe upon tn
mrans III the Treasury. OF thu realduaIt
balance Of LIZA OGl 10, IT'S proper d.
tlnclly IN state, tn about one million can
eot be- collnied upon III any estimate 81 a.
frctisr funds inI thu pnbic ssfsrr. u =
made up of debts DUE from varIou, bank,
who's. notes were rec'lstu by III" govern
mrul durlns ths Suspension ot specie pay
nruts, or winch nert heretofore used a.
Bank # d.pusllc; debts of which the +,
co,rry must. ~ regard To large part, be-
doubtful, ami. ~ an, case, slow. II may
be proper To add hal the permanent DR.
pnslles generally, made III stnle Bdnks,
nave recent been Withdrawn, or pat II
tam To be so the pnhllc rAlsrnclea, whlCh /
+. ndrred II necessary 10 make thrmt III |
common with tho,e q" which the Losses |
ahnvr mentioned are likely III occur, no |
longer existing. Such por IONS 0f the de
posItrs a may still rrmain IA any oi TICS
Institutions, viii hr lulthcr Withdrawn, -
crcutnsianees may render lusl aud rxpr- |
dlent, unll these operations arr closed I
nor vii they be renewed where II may b.
a,mdabI
Il may he proper, also, to state, that d.
rectiuns have Lately been issued L. all the
Receivers, and Collectors of the Public
Revenue, not receive IN any pay me- Is
made tn them, bank notes Of any of the |
state Basks of less amount than five dol |
lars. In dlsconntenanrlns species Of pa
per circulation deemed to be- objectionable,
reference VAS had To tht authority and es-
ample of Congress upon this point, AZ seen |
IN the prohibillon In the Bank oi the UNI
ted States, aud To the Banks existing in the
District of Columbia, against issuing notes
of II lower Denomination. To guard IA
galnst all Inconvenience Ia individuals, from !
the adoption of this measure by the Trca-
snry, especially in thu districts where the
public lands are sold, an adequate pre-
sluus notice was directed to pret ed. its en-
foroement.
H. or The Pubtc Dept.
The total amount ot the funded debt due
on the first Of October, lS25, was
$50 637 70
OF the above amount the on
ly portion remaining unpaid,
OF the Revolutionary debt, IS
the three per cents. amounting
To l3 400 ,23l 10. This suuI,
aud the subscription al seven
millions in the Bank oil the L.
States, at five per cent. (hc
United States holding an equal
amount in the shares of that
insiitution.) are redremahle
at the pleasure of the Govern
ment, making, together S2oe96, 2al 10
The residne Of the public debl, contracted
subsequently 10 the first of January, 1912,
and amounting to 6o6s9, ROC p, exists III
the following portions, aud Is redecmable al
The following pcrlod., VIZ
IN ls2d, being the residue
unpaid oi lonns made in 1913, 1870, 7g7 "a
In 1877, being the residue
unpaid ct loans made in lSli 1906 ,542 90
Ia 1923, being the residue
unpaid al loans made IN 1915 100000 10
The stock of the foregoing
portions OF the debt is all AT i
per cent.
In ls29, stock at Al per
cent. being the mniety at
per cent, stock OF 1918, rx.
changed under the act of Cuu-
gress of March I'D, 1870 792, 500 A
Ia ls3u, stock nj n por
cent. being the other moiety
exchanged as last above sta
tad 7o2, 800 ~
In 1871, stock nj per cent.
This is one third Of the sun
OF 56,7ol -. issued in eN-
change Tor the q per cents.
OF 1919, 1914, end iSl5, sub
scrlhcd under the act OF the
Goth OF April, 1922 1901 90
In 1882 stock AT per cent.
being one other third part Of
the sum subscribed, as last a.
bove stated 1901 80
In lss2 stock at IL per
cent, borrowed of the Bank
OF the United States, one halt
10 pay the Florida Claims
the other half to pay OF tho
Il per cents. of 1912, under
the act OF Congress of May
%, 1924 10000 600 90
Ia 1892, stock nj s per cent.