American watchman and Delaware advertiser. [volume] (Wilmington, Del.) 1822-1828, 1827-12-14

pasmcnts. made on account Of the deOt. aud a.
other paymcnts to meet the annual expenses Of
Government, large sums have been applied TO ob-
iects. wearin" a character neither temporary nor
annual By these are meant. Internal Improve
ments, in the form Of subscriptions to Canals, ana
appropriations for otherwise opening ana eStenn
ing intercourse throughout the country; Forth
cations and Ar,norits Ships OF War. Naval
Docks, and other establishments connected VAIN
tie Navy; public edtces OF various descriptions
whether for purposes Marine or Civil Arm'ns
the Militia; the purchase OF Lands IRON me ihdl-
ans, and other expenses belonging to this depart
ment Of the public service. On such objects, and
others kindred to them, the expenditures. during
these three wears, have reached a sum little short
of twelve millions of dollars nation, that al
ter providing for the regular support OF It's Gov
eminent, is seen to proceed IN tins manner IN me
payment Of its public debt, and in additional dis
bursements so considerable, for which equivalents
remain that, tor the most part, are ct permanent
value TO the nation, cannot be regarded as other
than prosperous III its financial condition.
That the exact situation OF the whole funded
debt at this time may be seen, the several parts OF
which it consists will be distinctly set forth, for
the full information Of Congress.
Its total amount, on the first Of October lnst
was, statement No. ~ SGS,9l3,5Il OS. This
sum comprehends the old Revolutionary three per
cents, amounting to 81 S,296,o47 20, redeemable
at the pleasure Of the Government; and the seven
millions subscribed To the bank OF the United
States, also redeemabc at the pleasure OF the Go
vernment.
The residue Of the debt was contracted after the
commencement Of the war OF Sl2 and consists of
various loans and stocks, created aud redeemabe
at periods as follow;
i. The sum .! Si,2li.5s7 OF, at six per cent
49,. Al. al.
of the Sth of February, 1915, and rcdeemabe N
1896. The amount authorized to be borrowed IN
der this act was sixteen millions For this sum.
certificates Of stock issued to the amount Of SlS,-
lO9,5s7 As. premium having been given to the
lenders. Ut this amount there remain unpaid, as
above, S4,24l.5s7 OF.
2. The sum Of 13,O96,5 90, at six per cent.
being the residue unpaid OF loans made under the
act of the oath Of March, 1914, and rcdcemable ia
1927. The amount authorized by this act wa.
twenty five millions. Of this amount. there was
borrowed under loans contracted in 1914, the sum
of S12912,423 &c. For this SUN, certificates Of
stock issucdte the amount Of sic, l06,0l4 40, un-
der premium to the lenders. as above; Of which.
there remain unpaid, Of the loan contracted on tie
second Of May Iii that wear, Ss.5U7. 865 60: ii
that contracted on tile c2d Of August, Si.050- so
II; and Of other smaller loans, contracted under
the act in the course Of the same year. S5s7. SOS
IL, making, N the whole, Sl3096,542 90, as first
above stated.
8. The sum Of So,490099 10, at six per cent
being the residue unpaid Of the loan under the act
OF The ST. ui March, 1915, and redeemable in 1923.
This act authorizeda loan Of eighteen millions four
hundred and fifty two thousand eight bundled dol
lars. There was borrowed under it, the sum OF
81 ,699,326 s., principally by the funding of
Treasury Notes, and certificates OF stock issued TO
the amount Of S!2 ,28S, AZ 50, Of which, there re
main unpaid, as above, So,l9O,O99 10.
e The sum OF STb9.66S oS at an interest Of
iocr and a hal! per cent. being one half If the ,ix
per cent. stock ot 1915, exchanged under tie act
OF Congress OF the u Of March, 1925, aud re-
deemable in 1899
four and half per cent. being the other half Of the
SIX per cent. stock, exchanged as above, and re-
dechabc in 1850.
G. The SUN OF Sl9,00l ~, at five per cent be.
ing one third part Of the sum OF S56,7O4 II, issu-
Ell IN exchange for six per cent. stock Of 1878.
1911, and 1873, under the act Of the Goth Of April.
1922, and ledeemable in 83l.
4. The sum OF SlS.9Ol 50. at five per cent. be
ing one other third part Of the sum subscribed a,
above stated, and redecmable in 1852.
8. The sum Of SlO,00O,00o, at four and half
per cent being stock created under the acts Of the
24h and Goth Of May, 1924, for sums borrowed
Of the Bank Of the United States, one hall to pa,
the Florida claims, the other nall to pay ol the
six per cent. stock ot 1872, and rcdccmablc in
1852.
Q The sum Of $4,000 Is, at five per cent.
being stock cseate, by the act Of the 18th of MAY,
1920. and ledeemable in 1882.
10. The sum Of 8ls.90l 80, at five per cent. (
being the remaining third, subscribed under the
act Of the Goth Of April, lS22, and redcemable in
1888.
II. The sum Of S2,oa7 ,5G3 n, at fnur and
la'l per cent being one.haIlo Of the amount subscl
led in exchange for six per cent. stock Of 1915, 7
lndei the act Of tie goth Of May, 1924, and re.
lecmablc in 1888.
la. The Of s2,aa- ,5f3 %, at four and