The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-04-26
WASHINGTON.
Loans, Treasury Notes, Etc, Issued from
1861 to 1877.

WASHINGTON, April 25-In response to the
Senate resolution Of January 16, the Secretary
of the Treasury has transmitted to the Senate
a statement of the issue Of loans and treasury
notes from March 4, 1861, to June 30, 1877,
showing the title OF each loan, the act under
which issuedy the rate at which sold, the
amount realized, the principal OF each loan,
the amount reissued, the premium and dis
count, and the amount received In coin, cur
rency or in other securities, by conversion,
prior to the passage Of the acts OF July IA,
1870, and January 20, 1871.
The commissions and expenses Of the loans
were paid from the general appropriation for
the expenses OF national loans, and owing to
the number OF items involved it is imprac-
ticabIe with the present force Of the depart
ment to ascertain the amount paid for COM
missions alone. AS bearing on this matter,
your attention is invited to the accompany
ing copy OF letter from the Register OF the
Treasury, of the fifth instant. Under the sew
eral contracts for placing the bonds author
lied by the acts of July IA, 1870, and January
90 1871, a commission OF one half OF per cent
has been allowed; the contracting parties
were to pay therefrOm all expenses OF issue
and delivery; the net amount OF commissions
cannot therefore be ascertained by the depart
ment.
The letter from the Register of the Treas
urv, referred to by the Secretary, is as 1ol-
lows:
In reply to your letter Of February 4th,
last, requesting a verification of an accom-
panS ing statement Of the receipts and expen-
ditures, on account Of the loans, treasury
notes, ,tc, with tie records Of this office, /
would respectfully state that the records OF
the Office do not embrace the amount or rate
Of commissions paid, the amount on which
commissions were paid, whether In coin or
currency, the amounts paid for discount or
received for premium. The only portion Of
the statement submitted by you susceptible
OF veritication is the amount received from
loans, treasury notes. etc. which agrees with
the records OF this office
The only additional Information in reply to
the resolution Of the Senate, that could be
furnished from the records Of this Office,
would be the amount of commissions paid
under the earlier loans, but as the amounts
paid for commissions have never been kept
separate from the other expenses Of the loans,
the Information can only be obtained by an
anal lysis Of this account, which, considering
its magnitude, would require more clerical
force than this office can spare from its cur
rent work, and would take more time than
the resolution Anticipated.
'On this point await further instruction" !"
The statement Of the issue of loans and
treasury notes shows that the total amount
SO issued from March 4, 1861, to June 80, 1877
was S6,320, ,226, ,904 49, Of which S973, ,9a8, ,03 q
were legal tenders and other treasury notes,
including S266 595, 40 Of compound interest
notes and $40 102 $50 % of fractional currency
The premiums paid on different loans are
given at S54,112,195 63, and the reissues at
S,2i79. .S19, 1856 60.