The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1881-09-24
nAa Amount Of the Deht.

sox's letter certifying to the amount Of lnc
public debt. The printer dated II "lSSl
instead OF "1ss0;" end, therefore, as the
Democratic stumpers will need q correct
copy OF n, we again give IL IN fuil. III as
follows: o ~
February 10, 1880.
10 the Honorable the President Of the Sen
aks
gIr.-To inquiries contained in a resolu-
ton Of the Senate Of the 18th instsnt nave
the honor TO reply as follows:
I. What was the principal OF the. pubic
debt on the 17lb Of April, 1851, and the un-
paid interest thereon at that dateI An
ewer. The principal was 1874, T70, 67S.36,
and TIE interest S675, 1885.
2. What was The principal OF The pubic
debt on the 9th Of April, 1865, and the M
mad interest thereon which accrued De-
fween the 18th OF April, 1861, and the 9th
~ April. 1868. Answer: The principal
was Ss4, 900 3S1 .3s, and the interest s4'30S,'
orc IS.
4. What was the principal Of the public
debt ON the 9th 81 July, 1869, and the IN
Dsid interest thereon which accrued De-
iWeep the nth Of April, 1861. and the GID
NJ .July. 1869? Answer: The principal
lunt Including interest funded and made
,rlneipal under act Of March 2, 1866, and
,ytieh bore interest, a. funded, seyeraily
fr,m Ia, OF .Janusry. 1886. aud LIST Of Jsnu-
a,y, 1861 was e3l, 900, 3S1.3S. The unpaid
Interest fr0m 18th Of April, 1881. to July
G. 1859, on the above principal was SS,oO6'-
OFT 81.
4. What interest accrued or the sterling
debt between the 17ih Of April. 1861, and
9th Of April, 1855, and between The 9h Of
Anil. 1885, aud the 9th Of July, 1859, and
what was paid thereon between the said
datesY Answer: TIE interest which ac-
crued between The 17ih April, 1861, and
April o., 1866, was $4,000 on which there
was paid between those dates, S97, 250. The
inteIest which accrued between April .,
1865, aud Jlly 6, 1869, was S4l9,620; on
which was paid between those dates, $780,
14S 90; making OF interest accrued, SiS2,-
625; and OF interest paid, 1921, 393.99:
8. What was The amount OF iax-recelyaoie
coupons past.due and unpaid on The 3lst OF
December, 1922 Answer; The amount
YVES $23S, 1911.
The amounts OF principal above statedin-
cluded the literary fund-to wit, $780,
O57 33, end the sinking fund, S1,720, 3l5.46.
Total, $2,S79,3 S2.79
But the interest above given Is not cslcu-
lated upon either the literary fund or the
sinking fund. Very respectfully,
II. II. DYSON, Second Auditor.
II will be seen that Second Auditor DY-
SON tells o very different story from that
told BY the Readiuster platform, which pro-
poses to settle The public debt upon the ba-
sis Of the RIDDLEBsRGER bill. Mr.. Dyson
certines as Second Auditor that the priDci-
pal OF the public debt on the 9Th July,
1860, was nearly ~thir,y.nye millions OF dol
lars, and the "unpaid interest" nesrly ten
millions, or, 10 exact figures, that the two
footed ap ga, 7Js 400 05. Now, the Second
Auditor 2LfFsertineS that the above princi-
pat dotIs9kot include interest funded and
made principal under act OF March 2, 1856,
although this principal thus made bad borne
Interest. one part Of II for two and a ball
yesrs n the other part OF II for one aud =
bali years. Thus 1t appesrs that interest
upon interest was not calculated ~ Mr..
Dyson, nor allowed in bis statement.
Now, II Virginia owed s45,O00,O0O on
the LET OF July, 1869, 1t must be evident
that she owed more than foriy-fve millions
In 1871, when the funding bill was passed
and even N West Virgins owed one third
OF that smount, Virginia then owed thirty
millions.
'rhe reader will thus be enabled to un'
derstand why 1t is that Virginla's bonds are
outstanding for nearly thirty millions Of
dollars; but be will not understand how
II Is that Mr.. Dyson is now acting with 8
party that declares Virginia's debt TO bt
less than twenty millions OF dollars.