The Hillsdale standard. [volume] (Hillsdale, Mich.) 1851-1909, 1878-10-08

900, as may be temporarily required
for the redemption OF temporary
loans" (l3 Stat, at Large, p. 2l7)
Largely by the means Of this pledge
we succeeded in selling our bonds and
in raising money TO carry on war for the
suppression of the rebellion. The
Government may have power TO repu-
diate this promise, but i am sure that
no honest man can say upon>his con-
science that il ought to be done. No
nation can afford TO disregard its
plighted faith. Good faith in nation
is its very life blood, without which its
very existence must cease. IL Is essen
tlal to credit and credit is essential TO
existence. The Republican party OF
Iowa and of the Union will, i am sure,
say with one voice, let our Government
be true and faithful in keeping all its
pledges in letter and spirit.
SOME OFFICIAL FIGURES.
During his remarks Secretary Nc
Crary had read the following letters:
TREASURY DEPARTxEsrl
WASHINGTON, Aug. 10, ISIS. (
Hon. Geo. w. McCrary, Secretary OF War;
DEAR sik:-In reply TO your letter OF this date
/. The public debt OF the United
States, less bonds issued TO Pa
cinc railroads, and less cash Ia
the Treasury March I, 1885, am
ounied To- ga Tos, $50 600 ~
August !, less,................... fuso,o5oots.ss
Total reduction since March /.
2. The annual interest due on the
public debt Of March ]. .is66, am
ounted To- ......................ti4 i4s, ,5s5, IS
Annual interest Aug. !, 1sIs...... S5.ssi, ,O0T.50
Reduction OF annual interest IS 4S,ss5, SC2 O5
,. The public debt March !, isd9,
amounted 10. g., ,a2a, s65 160ol
aug. ], ,less.......-............ toSo. $50, ,oZAso
Total reduction since March /.
4. The annual interest due or
public debt OF March /, 1899,
amounted 20 o..................s i26, $50, SO. 90
Annual interest Aug. 1, ISIS. 95,isi,OO7.so
Reduction OF annual interest. g 81, ,9Os,5 ,542.50
8. The average amount OF state
taxes paid by national banks
for the i've years 1874, 10 1870,
inclusive ESTIMATED from lsf9
and iss3 from data derived
from reports for other years,
no report OF state taxes ior
those years having been re-
ceiNcdl, WAS s........ss.... ... s,9&4, 1000
And the average amount Of ma
tOnal taxes for the years isT3 10
ISL. from the same source, was 1,i2, ,s05.G9
q. The total amount OF - per CT,
bonds sold al par since March l.
1sTs, ACKNOWLEDGEMENTS. 400. 10000
And the total per cent .....-... leg, ,OO0. VO0.oo
:. The premium on gold coin in
New YORK, March 3. 1890, was. .Na
March 4, ls6g ................. .sla
And At this date ate....,............ .O0k
;. The average daily sale OF per
cent. bonds for the past 6O busi-
ness has amounted 10 -. 6ss,s7s.oO
Yours truly. JOHN b. HAwLEY,
Acting Secretary Of the Treasury.
TREASURY DEPARTMENT,
OFffCE oF CONTROLLER OF THE CURRENCY
WAsHfSGTOs, Aug. x2d
SIR:-In answer 10 your inquiries OF the 2lst
inst, have the honor % present the following
statement
First:
Amount national. bank circulation
outstanding Aug. ~, ISIS .ts2s, 81 $4,000
second:
Amount Of United states notes
outstanding, viz:
Legal tender notes. ss4e, ,Gsl .ois.Oo
old demand notes Cs,26I.O0
Fractional currency l6,iO6,91s.O0
- sss, s,isogii.oo
Third:
Gold coin In Treasury.
August l0........... fiS5. 5.g53,Oi6 ~
standard silver dollars. l0.ssS, ,7S6 %
Gold bullion. 6,acg,G5i -
silver bullion .......... Gsl2,si2 ~
FRACTIONAL silver ....-.. o,cso,s4S -
tsl4lO6, 800 Sc
Very respectfully,
). s LANswoRTH.
Acting Comptroller.
Hos. Coz. W. MCCRARY. Secretary Of War.