The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1879-06-12

FOURTEEN YEARS.
Numerous inquiries having been made as to
the financial operations of the Government, the
Secretary of the Treasury has published the
following statemant showing the changes in the
public debt the annual interest charge. ETC.:
Reduction Of the interest," Fearing Debt.
Total Understanding debt at the
highest point, Aug. 81, 1865. 1881 $50 ,294
Total interest bearing debt when the
present refundiug operations shall
have been completed (Aug. /, 1879. 1887 643, 200
Reduction of Understanding debt
from the highest point ............ $50 $780, 1874
Annual interest charge, highest
point, Aug. 81, 1866 .............. 15s,9u, 6s7
Animal interest charge, when the
present refunding operations are
Completed aug. l. 1879, .......... s3,7a,77s
Reduction in annual interest charge. 76203,9l9
Reduction Of the Total Debt.
Debt less cash in treasury, highest
point, Aug. 81, 1865 ............ 81, 1855 431 ST.
Debt less cash in treasury, June I,
1879 2,U3l 1S2, 400
Reduction of total debt ........... 719249,1O3
Reduction of debt since March 1877. 61.598,67
Bonds Refunded Since Morch l. 1877.
Loan of 1858. per cent. 100000
Ten-fortes of 1864, per cent. 1874 SEQ, 300
Annual interest charge. 9,741,3l5
Fivetwenties of 1866. per cent?. 100,4 $50
Consols of 1865, per cent. ......... 202 100
Consols of 1866, per cent. ........ $40 622, 75Q
Consols of 1868. per cent. ........... 81 473,S00
Annual interest charge .............. 80 U71 ,742
Total amount of loans S46022, 900
Total annual interest charge. ....... 4SS13,057
In place of the above bonds there will be
issued when the present refunding operations
are completed, which will not be later than
Aug. /, 1879 bonds as follows:
Federal loan of 1884, AZ per cent $l35 oo0, 900
Annual interest charge. ..........-..... 6075,000
Funded loan of 1917, including refund
ing certificates per cents. ......... III O22 900
Annual interest charge. IS $50
Total amount. ..................... $40 or, 900
Total annual interest charge. ....... "a 515, $50
Making an annual saving hereafter in
the interest charge on account of re-
funding operations since March ],
1o0, OF. OBSERVATION-DISCLOSURES. 1926 ,lO
Bonds have been sold for resumption pur-
poses since March 1, 1877 the interest on which
represents an annual cost of coin reserve as
follows:
Funded loan of 1891, AZ per cent. $65 600
Annual interest charge 2,925,0 600
Funded loan of 1907. per cent. ...... Is COO 900
Annual interest charge. ................ 10O0.00O
Total amount. NEUTRALITY-SUSPICIOUS.. 80 900
Total annual interest charge. ........ g. we, 200
Making the net annual saving in interest.
through the refunding and resumption
operations since March /, 1877, off,. 103 1T
In addition to the above bonds, there were
issued in 1878, to replace coin used in payment
of the Halifax award, 4 per cent bonds of 1907,
amounting to $5,500,oO0.
[NoTE.-In preparing this memorandum the
maximum limit of the issue of per cent
bonds and certificates is stated when the re-
funding transactions are completed and the
full returns received. The amount may be
somewhat smaller, making the interest charge
correspondingly less.]
REMINDING CERTHICATEs
The Secretary of the Treasury has given no
tice that the $40 refunding certificates will now
be received at the department for conversion
into 4-per-cent bonds. Refunding certificates
forwarded for conversion, and 4-per cent bonds
issued therefor, must he transmitted without
risk or expense to the Government Packages
should be marked "refunding certificates" and
addressed to the Treasurer of the United
States, and applications should specify the de-
nomination of the bonds desired; also whether
coupon or registered, and for the latter the full
name and postoffice address of the person
should be given.