Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1834-12-08
q The Public Debt.

"A
at the commencement of the present year, have
been redeemed, except the sum Of $443 20.
Money sufficient to meet the whole balance was
placed in the United States Bank and Its orancn,
es, as commissioners of loans, in May last, ano
that portion not yet paid to the holders OF ue
debt still remains in these repositories. a paII
Of the FIVE per cent stock, created in March, a.
D. 1921, amounting to $47l2,060 90, was all OF
the 1873 millions of debt existing in A. ". 1910,
and of the subsequent additions to IL when was
left to be redeemed. II did not become payaDie
till the LIST of January, 1885; but as tneTe was
sufficient money in the Treasury Tor the peI
pose, and it having been considered oenencla -,
10 the public to save, as far as practicable, al
the accruing interest early in July last agents
were employed by this Department to purchase,
ar mar. if possible, the whole OF the remaining
debt. Between that time and the 3Otn uit: the
Department had succeeded in redeemlng ABOUT
S491, 25S IS oft and additional purchases are
constantly making. In October last the uh9er.
signed gave notice that the whole OF this deDt
unredeemed after the first of January next
would cease to bear interest, and wouio De
promptly paid, after that date, on application 10
the commissioners Of loans in the several States
Under authority from the commissioners OF the
sinking fund, this Department has since piacea
and made arrangements to place, seasohao.y'
in those offices ample funds, Tor the above Pui'
pose.
Thus. before the close of the year, the whole
will either be paid, or money provided to pay 1t
and the United States will present that happy,
and, probably in modern times unprecedented
spectacle. of People substantially free from the
smallest portion OF a publc debt.
Considering these facts, it was deemed proper
to charge the whole amount Of the remaining
debt to the expenditures of the present year
Interest on all not paid before the 30h ult., has
been computed to the 1st Of January next, the
time being so short; and the account Tor the
payment Of the public debt during the year,
will then stand as follows:
All the disbursements on account Of the public
debt, during the year 1884, will be, as before
shown, $6,l6l,0l7 46
OF which there will have been APP
piled to principal, 5964,774 SO
And to interest," l96,242 %
The stocks, which will have been redeemed
by the application OF this sum during the year,
are
OF the residue of the exchanged A per cent.
stock, issued under the act of the 26th OF May,
1924, $l.252,625 80
The residue ofthe per cent. stock,
issued under the act of the Sd
March, 1921, 4,7l2,o6o ~
Certain horizons of unfunded debt 80 IA
Treasury notes, ~ w
Making in all the principal before named
There is an unfunded debt of about 1877, 1873 O5
Consisting of claims registered pri-
or to 1898, for services and sup
plies during the revolutionary S7 ssn Gg
Treasury notes issued du-
ring the last war, 1919 OO
And Mississippi stock 1870 w
Nothing has been paid on any Of these during
the present year, except $ss, "a. But should
the certificates be ever presented, which Is not
very probable as to many of them, the means
undoubtedly will always exist Tor their payment
at this Department.
3. The estimates of The Public Revenue and En-
penditures for the year 1885, nert require at
tention, and are as fotlops:
The receipts into the Treasury from all sources
cd esi at ''e " ' 100000
Viz From
Customs, lo,UuO,oOO
Public Lands, 100000
Bank dividends and mis-
cellaneous receipts, 50O,OOO
To which add the balance of avail
able funds in the Treasury on the
lst of January, 1885, estimated
at, o:ooo'e'S 'f
And they make together the sum
of, S2o,oSo, 25S 81
The necessary appropriations for
the year 1885, including those
under new and permanent acts,
are estimated at BIS, 660,232 70.
But the whole expenditures for
the service of that year, are esti-
mated to require the additional
sum of $l,523, 3Os 70, which has
before been appropriated and
mentioned as applicable to the
wants of 1885, without a re-appro-
priation making together, 81, 1S3,54l 81
Civil, Foreign Inter-
course, and Miscel-
lancous items, 2,7sS,225 IS