Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1845-01-02

or those issued by the
act Of Sd March,
1913 3O5 400 90
Aggregaely maxim.
the SUN of 2.256,207 81
7. Certificates Of stock for loans under
the act Of 2lsl july, IS4I, redeema.
bic on the lst January. lS45. which
10 The sum of five million six
hundred and seventy-lwo thousand
nine hundred and seventy six dollars
and eghry-eght cents, bearing int.
rest at The Of five and a half per
cent per annnm, payable half yearly 5,672 976 IS
S. Certificates Of stock issued under the
act Of 18Th April, 1912, 10 the sum
of eight million three hundred and
forty three thousand eight hundred
and eighty six dollars and eighty
eight cents, redeemabe at the please
ure Of the government, on or after the
first day Of January, in the year one
Thousand eight hundred and sixty
three, bearing interest payable half
yearly, at the rate of six per cent. per
year e.S43.ss6 IS
g. Certificates Of stock issued under the
act Of March Sd, IS43, to the sum Of
seven millions fur Thousand two
hundred and hiry-one dollars and
and thirty five cents, bearing int
rest. payable half yearly, at the rate
five per ceut. per year, redeemabe
at the pleasure Of The government, on
or after the first day of July, in the
year one thousand eight hundred
and fifty three 1904, 23l IS
The foregoing loans under the acts Of
1871, lS42 and lSi3 make together
the sum Of twenty one million twen-
ty-one Thousand ninety four dollars
and tweniysix cents Of principal
bearing interest at the rates on the
sums, respectively, before stated 2l,02l ,094 &c
All the foregoing nine particulars amount a debt of
twenty four million HUNDRED and forty -egh. thou
sand hundred and eighty eight dollars twenty three
cents. (42474S.l3S 23)
Of the treasury notes issued since tho year 1887 the
Secretary of the Treasury has be redeemed in
this fiscal year. commencing on the LIST July, 1874, the
sum, for principal and interest. of three hundred and
twenty-five thousand five hundred and eighty four dv>
lars sixty cents 1892. 5S4 6l.)
OF The stocks rcdeenabe LIST January, lS45 he has
caused To be purchased the Of five hundred and
thirty thousand nine hundred and fifty dollars of
principal and interest. $3.50 $500 by which an,cpa
ton saving Of interest To the of four thousand and
eleven dollars and seven cents has been effected
To support the public credit and preserve the national
falth annual revenue is necessary certainly poduc
tive, according to common occurrences and human fore
sight, exceeding the ordinary annual expenditures in
time of peace the surplus to be applied to pay the an
nua interest," and towards lessening and Ultimately ex
'"gushns The principal of the debt.
The certificates Of the public stocks above
par value in the market, transferable and readily
vertbe for gold and silver at the pleasure of the holders
/
as so much capital aid business and enterprse-as
currency Of the approved order in the genus pa
per currency, entitled 10 implicit confidence.
1t is Of high II the interest Of the holders and
dealers in those certificates Of public oeb, to the general
Of business 10 the prosperity Of the country
and the national honor tina, the certificates Of public
ks and treasury be guarded against depreca
ton and established firmly in the confidence OF mo
ned men.
On the subject of the existing security for payment Of
interest and the Ultimate redemption of The principal OF
the public debt, the Report says:
BY he acl of 2lsi July. lS4l. loan not exceeding
the sum of Twelve millions of dollars was authorized
imbursable at any time after three years from the first
day Of January in the year lS42.
By the fourth section of that act. the Secretary of the
Treasury is authorized purchase. at any time before
the period limited for redemption Of the stuck, such por
lion thereof as the funds Of the government may admit
Of after meeting all demands upon the treasury, ard
any surplus in the treasury is appropriated TO that oo
ject
By the fifth section Of that act, the faith Of the gov
ernment is expressly pledged for the puncual payment
of the interest and the redemption Of the certificate OF
stock.
Under the provisions Of that act. certificates of stock
were issued to the Of A5672.976 IS, bearing inter-
es at the rate of FIVE and half per cent per year. re-
deemabe on the first day Of January. in the years lSi5
These certificates Of stock will be paid that day. It
presented the funds in The treasury sufficient for the
purpose The Secretary Of the Treasury has caused
public notice to be given to stop the running o III
terest from and after that day.
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