Columbia Democrat and Bloomsburg general advertiser. [volume] (Bloomsburg, Pa.) 1850-1866, 1862-11-15
National Finances.

steamer, Oct, 20, 1862, is on the Nation
al Finances. Ii contains facts of great
importance at this crisis, and the figures
can be relied upon as correct =
In anticipation Of the annual report of
the Treasury soon TO be made, we are
enabled TO lay before our readers, ap.
proximately, the condition of the nation.
al finances up to near the close of the
present month. We may not give the
exact figures in every case, but our state
ment will be found to be very nearly ac-
curate.
The public debt Of the United States
may be divided into three clqsses-that
contracted prior to the loan of $3.50, ,00O,-
600, granted in July, 1861, the loan of
that date, and those authorized by Con-
gress at its last session.
The amount of debts of the first class
will, probably, reach about Sis, ,OOJ,O
Of the second class, the $3.50, 900, 900
loan, $3.50, 900 is made up of the Z
3-l0ths, Of which about sl32 100000
have been issued 50,OOO,OOO f3 cents
due in 1881, and $50 100000 of the de
mand II tes, which were made receivable
for dues at the Custom House. About
one-half Of these are already cancelled
and are being retired at the rate of $780,.
600 daily. Their places, however, are
supplied by what are termed "neac issue"
OF demand notes.
Since the passage of the Act of July,
1861, the Government has relied chiefly
upon its demand notes upon the depos-
its made with several OF the Sub .Treasu-
rers, and by the issue of certificates oI
Indebtedness. OF the latter about S66,-
100000 have been issued. OF the "new
issue" of Treasury notes about $ls0,000-
600, are already in circulation. The
Department is now paying them out al
the rate Of 100000 daily.
OF the class of bonds known as the
5-20s, SIS, ,57l,l 100 have been issued.-
The exact amount of desposits with the
Sub-Treasurers on CALI, about SOS 5,000,
600. The aggregate Indebtedness OF the
Department, consequently will foot VI
as follows -
Debt contracted prior to Ju-
ly 1861, Sl16,000, ,00(
Bonds bearing $40 q cts.
interest 132,OO0,OO(
Bonds bearing 6 p ct. inter-
est, payable in 1881 50,000,00(
Certificates of Indebtedness 66,00O ,O0t
Deposits with the Sub-Treasury
and payable on call 65,O00,O0(
Treasury notes, new issue lSO,O0O,GOt
Custom House notes 24,O0O, ,OOt
The Five-twenty year bonds 1851, ,lO(
Total indebtedness 1858 ,57l ,lOt
The statement, we believe, is approx
mately correct, taking the figures as they
stood on the 22d ms, and making tn
liabilities of Government considerabl,
less than the current estimates. 1t shoul
relieve all apprehension as to any EN-
barrassment to be caused by our publ
debt The interest on the total amour
at six per cent is only $39,2l4 ,2G6. Bu
only S449, ,57l, 100 draw interest, redu
cling the charge upon the Treasury fror
this qnarter 10 S2G,974,266. To nee
this charge we have the revenue froi
customs, which will probably equal $50
OO0, 900, the present year, and the revt
nues from the extraordinary sources re
Gently provided.
These sources were designed to rea
ize fully $500, 100000 annually.
The new live-twenty year six per Ger
loan is the only one which the Govern
ment is now issuing at par, and larg
subscriptions are daily making in all tn
principal cities. Messrs. Jay Cooke {
Co., Bankers, ia South Third street ar
the agents in Philadelphia, and wi
cheellully afford every facility and expla
nation to subscribers. A supply of Bond
constantly on hand See advertisement