The Virginian. [volume] (Lynchburg [Va.]) 1822-1829, 1826-12-28

OF January le2f an estimated balance of Gl2aajs n
Should the estimate of receipts Tor the iuurtl
quarter prove 10 be correct, the total amount d
receipts for the year ls26 win have exceeded the
total estimates presented 10 Congress Inst year
by q sum approaching four hundred thousand
dollar,
OF the balance of6 425 .53e ~, stnted, by cs
innate, as that which will be ia the Treasury on
the frs oiJanuary, 1927, II is proper TO remark
| that II viii he subject 10 the following charges
! l. The balances Of mapphcd opriatIoas
which viii remain TO be satisfied after the fri OF
January, 1927, amounting by estimate 10 80
! $4,000. Q. About one million ofdollahs IN unds
not at present effective as particularly planned
; page 81 in fhe last Annual Report ;. Tie re-
oeryation OF S2,eob 900, under the fourth section
Ofthe act OF ongress of the third OF March X T.
entitled " An act 10 provide for the redemption
| ofthe Public Deb
The directions ISSUED last ear to the Receir
crs and Collectors Of Inc Pubic revenue IN all
parts Of the United States, not to receive IN any
payments made 10 them. bank notes pi any oftbc
state Banks Of less determination than live dol
lars, continue IN tuii force, aud are lending Their
AID IA dsconntenancmg the circulation OF sntl
notes, aud substituting in their stead a greater
proportion Of the metallic mcdGm
II. ~ He Pnbiic Debt.
That the precise nature aud amount of the
funded debt OF the United States, as II exists at
the present time may be seen, the scYttll dcs-
criptions Of debt of which it IS composed with
the periods at which they were contracted, and
are redccmable, viii be stated.
The aggregate amount of the dcbton the first
ofOctober last Statement No. 3)waS Is o23. i5l
dollars II cents. Tins sum includes the rem
nant olthe debt Of the Revolution, amounting to
81 - "a .g,
and the sum Of ~ 0OO,oo0 subscribed to the Bank
of the United States tn United States owning
an equal amount in the shares of the Bank -
These sums. making together 40, 296 III 20.
are both rcdeemabe al the pleasure Of the Co
vernmrnt
The reminder the debt has been contracted
SINCE the first OF January 1872, aud consists Of
the sums that follow, icdcemaDle at the dates
that follow:
/, The sum of.ll .254lo7 4G, at sixper cent.
being the residue unpaid Of the loan under the
act of the Sth OF February, 1873, and redeema-
bic in 1926.
,. Tie sum of 9l3,o36.5f2 90 at 6 per cent.
being the residue unpaid Of loans made IN 1911,
and rcdccnable IN III.
3. The sum Of -, 400, $50 10 At * per cent.
being the residue unpaid of loans made in 1915,
aud rcdccmable in ls2s.
L. The sum Of > ,6y, G68 o. at an interest Of
four and a'half per cent. being one half OF the
six per cent. stock Of 1913, exchanged under
IN, act Of Congress Of the Sd of March, 1920
aud rcdecmable in ls2g
s. The ,lp Of S1B9,6Gs O9 at an interest Of
four aud a hall per cent, being the other half Of
the six per cont stock exchanged as above and
redeemabe in 1890 These two last cnumora-
tod sums were set down last year by estimate, at
1922 900 Al, respectively. The accounts Of the
Commissioners Of Loans having since been adj
iustcd the true amounts are ascertaincd to be as
now exhibited.
6. The sun of Sl9,9Ol 80, at FIVE per cent
being the one third part ofthe sum Of $50, 704 u
issued in exchange for the six per cent stocks of
1879, 1914. aud 1915 under the act OF the Goth
Of April 1922 aud rodeemablr in 1881.
The sum Of gig ,90l 80, al five per cent. being
one other third part of the sum subscribed as a.
boye stated, and rcdeemablc in 1872
=. The sum OF loGO.00O, at four and hall
per cent. being stock borrowed under the acts
OF May the oath aud 26th 1891 thc Bank Of
the United States-onc half TO pay the Florida
Claims, the other half TO pay Off thn Six prf
cent. Stock Of 1872 md rcdcemablc in 1892.
/" Tie sum Of Sg99 go ~ at five per cat