Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1834-12-15

/ 'ec lnfludin0
&c 29l3,Is3 l2
bniics rtfun-
died. IOs ,fc 10
Public Debt, Gys, CSC ~
Inc expenditure Tor tho fourth
quarter, n"lujing 81 Ace $3.50 %. on
account ct IN" public debt II is sun
f' sra VIII be about 9,Oi6,0i7 90
Thus leaving on the Is, of Jopu,.
y, 1919, nm estimated balance of 6 T36 o3l n
ih's balance includes what has
before been reported by hi, Dcrart-
'nen', as not available, the sum ola
bout Sl 400 600 90 In, which is now
asccitaln"d To be reduced TO about
the sum Of $50, 600 90
Mating The computed available lance. on the
Isl oil January, 1888, u be S. $50 232 a. Itises
''ed mat OF former appropriations there will re.
"'a'" "h'xnendrd, n, the close of the yenr the sum
OF 10 oO2925 l3. or this amount, il IS supposej
that only s. l4l ,96i 81 will he required TO accom-
push The ects intended hv the current approp,,n
il'ns leaving the sum of 5000 742 % applicnble
afterwards, under permanent apprt pr,suons and
mat oil III 523 3OS 70 10 be applied in AID of the
appropriations tor the ensuing year, without reap.
P''P''"''o", as Will be seen IN the estimate when
submitted; an the balance of 1897 900 IA, which
mas mol been required Of all or seasonalay for the
w e.' contemplated IN It's npprop lation and will
therefore be carried 10 the surplus fund In ,hecx
animation o. this result 10 outstanding appmpr,
a.'o"s, 1t should be notice tina, one small amour,
OF unca med interest on the ,ub,,c deb, and ,,o,b
er OF untnndrd debt though charoe allie nm IA.
treasury, nre not included. Embracing these. and
'he m uni applicable afterwards TO perman. mt an.
prop Ia'ions, there would not be money cpouyh IN
INC Ieasnry TO pay al once every claim onlstand
ing oht excluding them II will be seen TINT the
tuectnai uncxpended funds on the Is, OF January
1853, VIII be $5536, 232 "a, 10 meet what will be
'eq''Icd Tor the remaining and unex pended appro.
pra'ons, being IS, III 96i 81 or, IN other words
that our ap0Hnble me then on hand to discharge
all the Old and EXISTING claims on the Treasury
With The exceptions before named will be about
$444 ,265 07 more than their actual amount
The next subject deserving consideration is the
condition OF
1.-THE Public Debt
All the four and half per cents, outstanding at
'he commencement OF the prcsen, year, have been
redeemed, except the SUN of $iI3 s. Money.
sufficient 10 meet the whole balance was placed IN
the United States Bank and its branches. as Com.
mIssioners OF Loans, IN May last aud tina, portion
no, yet pad 10 the holders of the debt still remains
IN those repositories.
"A part of the five per cent stock created in
March, A. ID. 1921, emoun,ing to Si,7I2 OGO %,
was all of the 1913 600 900 of debt existing in
1916 and the subsequent additions 10 II u hich
was lett to tie redeemed. did nor become pnya
BILE TIL the LIST of January, 1885 but os there was
s"fhcient money IN the Treasury for the purpose,
aud II having been considered ben fc, To the pnl,
lie to save, as fur rs practicable, oil the accruns IN
terest early IN July last agents were employed
~ this Dep rme II, To purch 'se at pur if possible,
the whole OF tie remaining debt
Between that time aud The } nh ui the Dcpart.
meni had succeeded IN redecu,ng about $igl 25S
80 of H. and "d'' Ional purchases are const .ntly
making. In October lust, the undersigned CAV,
notice that the whole Il DIS debt unr, deemed nt "a
the Is OF January next weu Cease 10 bear inter-.
est and would tie p'omp ly paid "her hn ,aie, Oh
Application 10 the Commissioners nf Loans IN TIN.
several States. Und authority fro II the Commits
siuners of the Sinhin. Funl, tins Department ha,
since placed and made arrangements To place sen.
sonably, in those offices umpc fund, for the above
purpose.
hus, before the close oflhc year, the whole will
either be PAID or money provided TO pay II ana
the United States will present that hGppy aud
hobnoly, IN modern times, Unprecedented spcc,a
Gle, OF pc"pc subs ao,ialy free from the smallest
portion of public debt.
Cons ldcring the,e facts it was deemed proper to
charge the " hole amount Of the remaining debt Il
the expenditures Of the present year Interest on al
not panl before the 3Dh ult. has been rompnred Ill
the Is, Janu ny next, the time being so shorl, nnd
the accoun, for the payment OF the I.u1llc debt du
ring tn. year, W, | IN II stand as follows:
All The disbursements on cunt of
the public d b', turing the year
1884, will be, as before shown, 6l6lOl7 4f
OF which there will
be- nprl,cd,,o Prn-
cipal 596l III %
| A nj TO Interest I9G2i2 SO
Making, Together, the sum above mentioned
fhe siork. which will have been
redeemed 10y The application of this
| sum during the year, are
OF the residue OF the exchanged a.
per cent. stock, ISSUED under the
OF 26th May, 1921, 1852, 625 81
Thr RESIDUE .: The 5 per Gems issued
| under the act vi the 81 March,
1921, 4,7I2 OG0 %
Certain portions Of unfundcd debt 80 II
And Treasury notes 81 "
MAKING III all, the princlpa before named.
| There is an uniunGcd dcbi of about S37, 1873 o.,
! Consisting of cltlms registered prior
| TO 1898 for services and supplies
during the Revolutionary war, Of
nbou. s27.437 81
Treasury notes issued during the last
war 5,975 OF
And Mississippi Sock 1920 0.
Nothing hns been paid on any Of these, durin.
The present year excep, $88 "a. Blu, should III
cerlhcaes ever be presented, which is not very pro
b,ble as 10 many of them, the means undoub;e ed
will always exls, for their payment at his Depart
ment.
| Ill.-1hc estimates for The Public Retenne d
expenditures for The gear 1925,
Next require attention and ale as follows: