The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1871-01-05


each statement:
The public debt of the United States
was on
March l, 1869. 50, 525, 463 ,26O01
july l, lo69. 2,4S9, 002, 4S0.5l
Reduction in four MONTHS. $36, 460, 779. As
Reduction per month. . 9.l15. 1914. Sc
Reduction per day (122 days) 299' S88. "a
Reduction per day Q22 days.
in pounds sterling .%...... e61,747
July l, 1869. So 4S9. OO2, 48O SO
July /, 1870. 2, 1856, 359, 500. IA
Reducton during fiscal year.. 102. 643. $50. "a
Reduction per month az
months). ............. S,553, $50 "a
Reduction per day, 365 days. 281 '216.11
Reduction per day, 365 days
Gin sterling money. 49,. e58, 1o2
July l, 1870. ...............$23 SG, 35S, 500. IA
Decembsrl 1, lo7O............. 1881 30S, 494. 60
Reduction in five months $50 O5O. 105 90
reduction per month. ...... 1O41O, O21 %
reduction perday, 153 days.. $40 1876 rs
Reduction per day, 153 days
I'm sterling money)........ 970,22S
March l, 1869. 80, 525, 463, 260. 01
December 1, $780,. 2, 334, 3OS, 494. 65
Reduction in one year and
> tbree.quarters. ....:...... s191, 154, 765. IS
Reduction per month, 81
months. .................. 9,1O2, cor. 81
seduction per day, GAO days. 300, 679. 80
Reduction per day, $40 days.
On sterling money!. .... 961, no
Before the 18th day Of May, 1859, the
reduction of the debt was effected by the
withdrawal of currency, and the minor
obligations of the government. On the
day named, the first purchase of the
United States 6 per cent bonds was made
for the sinking fund, and from that day
to the 18th Of November, 1870, being
just one and one-half year, there was
purchased tor the fund named, and for
the
Special fund ofthe stock named .S159. 500. $50
AT cost, premium and interest
included, Off,. ........ 1872 ,943, 787
Being for the IS months, per
Montn. Observation-Disclosures. 10, 1863 ,543
And tor the 154 days, per day.. 333, $50
reduced TO sterling money is per-.
aay.... Observation-Disclosures. f50SS49
Erom the staten ents and the reports
that accompany this, you will see that
we have been making very rapid pro
gress IN the payment of our national
debt. Many Of our people believe that
the public interest does not require that
1T should be paid at so fast a rate. Con
gress, at its last session, acted on this view.
and changed both the tariff and the inter
nal revenue laws. The duties on i'm
ports, and the taxes on home manufactu
res and incomes, will therefore, fall short
Of the collections in the past, and the
power to purchase the bonds OF the GOV
eminent will, consequently, be decreased
In the future to the exteut of the decrease
In the revenue.
The appropriation of the one per cent
per annum on the debt will, however
certainly be maintained
The principal of this fund now amounts
to 3,779, $50; or, in round aumbers
Ell, III, 1874 in British money.
This, with the annual addition or one
per centum Of the debt and interest at
SIX per cent on the whole fund, with the
certainty that in the future other amounts
of the debt will be brought in, will soon
accomplish the desired work of paying off
the entire national debt
Congress, at its last session, authorized
the destruction Of all the government
bonds that had been purchased With the
public funds. All that were then held
were at once destroyed, and such rs are
purchased are being destroyed as soon as
they are properly registered. So there
can be no danger, az you suppose there
might be, from a reissue
was aware that my first letter was
loosely written, but not to the extent that
you show it to have been This one is
probably no better. ccncede that your
were correct Want of time
must plead nay excuse for any inaccuracies
in regard to speculations as to the pre-
else time when the public debt will all
be paid. All such calculations in regard |
thereto are but speculutions at the best.
The figures that then gave you, and
those herein, know to be correct, and
you will be able to make your own and
the correct deductions from them. [ am
very respectfully, yours, &c, F. E. SPIN
NER, Treasurer United States.
f. G. Biddle, Esq, Geslong, Victoria,
Australia
RIPE FRUIT IN SITTING RooM5.-We
l., l. l. e