New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-08-04

month from Marco l, ldu9i 70 dfrf l. l9t!
FeSeoa Of Piilesa and accrued aterest.... 2698iO6 u
Relation Of pinG pal ami ace ued interest, less 49, o -
SAVING OF INTEREsT-DoNDs PURCHASED.
The monthly charge for interest the Public Debt on
Che Of March, 1862 was Slo532462 So ON the LIST of
April il s95272l2 g. The reduction IN the
PER apnum is, consequently s2oc299' &c. as shown
y ko oa3 eSss S5 for interest on Publ,
March ss2 5 s5 %
Reduction 10 monthly interest charse......... slOo52s9 50
tbs reSton 0f Twelve millions of dollars per anuum
so tie amount paid for interest, affords relief from
Se TTnSpai OF the amount oi'ebt purchased from
MAJ l59the comneneement OF purchase the LIST of
April 1871 sl9o59o75O The amount paid IN currency
was s244919 % the net cost estimated IN goid DC
age premium, estimated in currency, on the bonds pnr
chased, 12l per cent also that the amount OF ds
e on SVeae prcIam on gold for The period
having been q $40 per cent The gold value Of the
shows net gold discount on the purchase OF bonds OF
tl4,6s5,SSs o..
In the first four months tho year 1861the commenc
ing Of the warUnited States five per cent STOCK
ern at Which these bonds were TO run at years,
he rate of Interest realized to investors at the market
price was, per cent In March, 1862 tDe currency
Securities redeemabe in 1884, interest payable the Isl
OF January the LIST of July respectively was ll7Io
OF gold at this time 1355mabing the gold value OF
these bonds including accrued Interest SS2 ReGIGt e
OF bonds 81 o. Taking the period for when these
had yet TO AT ~ years, II Will appear that me
annual rate of interest realized to investors at the
market price, almost exactly per cent Inc cur
wit Inc six per cents 1881 in April 1871, ll6C2
The mean price Of gold al ms tle %as dtV S
interest been lOj7s Deductng for accrued IN
nave been lO2 Observing that years is the period
for which these bonds have yet to before maturing
we tie annual rate of interest realized TO investors
IN these bonds the market price 20 be 544 per ceut
From the foregoing it will appear that during TIE
period from March, 166l-the close OF the Democratic
Administration Of President Buchanan-to March, 1859
the close Of the Administration OF President johnson
notwithstanding me eNpflUues Inciue1t 10 tne WI
Cor the suppression OF the Democratic heDel0ns the
borrowing power Of the Government advanced nom ON
si4 per per cent Whch Is an increase ~ Ile
borrowing power of the Government OF about ~ per
cent And during the period rom Una mafG df PIsseD
Grants AdministraI Qnt1e credit OF the government
cent-an increase in the borrowing power of the Gov,
eminent the latter period OF nearly ~ per cent ana
nearly 30 par cent AbOut the date the currency
Drce IN the market Of the lO4Os issued IN 1861 uNe per
rce Of cold being at the time 1lshowing the
market gold value of these ponds 10 nave Deen y4o
interest realized by Investors in these securities was GIG
Inc recent market price securities indicates
that the rate interest realized by investors is 69 per
SorTowe power OF the Government rate of interest
realized to investors We md the aPpreelatoh OF Lhe
and applicable 10 the principal Of the existing public
Debt Is O227 so be S65OOO 900 compared with
Ise9 and compared with 1861, So65OOO,O1
UNITED STATES AND NATIONAL BANK CURRENCY.
On the 4th Of March, 1862 the price of gold in
fhe New York market was l5 $40 per cent on te ISL
of Apri 1871 was IS per cent, showing an appre
citation in the value OF the United States currency OF
per cent On the lst OF April the National Bank note
amount Of outstanding United state currency green
backs) was S97 100000 The amount OF National Bank
notes and United States currency combined about tins
period consequently being about - lOOCV Inc aetuaI
purchasing power of this aggregate circulation at TINS
Eme with it's aasng power at the close
the admnsTa OF President Johnson owing 10 the
= oocoIfhat is to say 100000 Of existing circu
iatng currency VIII furnish to the holders, in sugar and
tea Coffee and boots and shoes, and clothing, or
other articles OF necessity convenience, ss5c0ooo-
worth more than the nominal amount would have
purchased at the close OF the administration Of President
Johnson being an actual realized gain TO the pubic OF
that the currency alone since the commence
Of the present Administration and due TO the Just
and VIE egG 81 i EeP6G9aR SGeSep ana e
RECEIPTS AND ExPESDITUBRs-1SC9 AND 1870.
The receipts the ended June 80, 1870,
follows; 40, ,,s p, =.
internal Reyenqe .''.''''''.'''''''''' iSSsSiS -
Miscellaneous sources. zo4hto "a
Total. al 2j III 6
The net expenditure The Government during the
sor civil and Ancc.ancous 1922 EGG 80
War Department 5,etSeS 81
Navy Department "a S955 81
Pubic E7as55 %
10
son Which It sppess that receipts during the year
d.
k1p,ld darng Tie same Tti<2 10
Showing Of receipts. - %
bjt sum- and the sum Indicated Dy the decrease OF Ie
tasb 10 the Treasury, used for purchase ana Ie-
Exemption OF the public debt
COMPARATIVE ENIEND!TtRls.
~ R,nopeitures 2 including waT liens IN
e yesr emo March 81 1853. eleven months Of which 80
JOlusOa, sSSc-8o %
ine. dug war Items, lcT
90 1870 al under GfaIt Hefe'> F<4Eipoz 10
g. fsR under eo''zID "
svcv,,r. AND ENPENDnUBEs, BY wAHkANIs, FOR It'd
TWO y nEs APRIL L. 1853, 10 EAR ~ 5i,l5n.
..It a, IN JIeIsUr April 1873 t'l''f' 20
>"'1i' " - Ct RafDt-TiCO YesTs.
g.. &c. ..................... $50 Cll % -
Re- iut J9ti4tf'ti 9
hsns Of Putin. 'LaSds........ CSg5. u ,,o o.,
n,S''itI 10 .IIJHo7' -
, nj ,,s,,, 1, ouinst and cash 10 TIeasgiy