Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1884-05-18
AprENplX,

Memorandum Required the constant an.
on the public debt OF the United St.tcs will
guished during the period OF twent -four and
onc.hnlf years, beginning January !, ixSl, and
ending %'y \ MI ,ninS and mn sna,
In aud paid; then No much or the debt boar
Ing interest nj per cent. ~ can be called In
~ per rent. sccuIitcs become by law redeem.
able. then thu securities last mentioned
namely, those btar'ng interest vt ~ poe
securities tin outstanding; after witch tho
& per cent. securities, which II ~ rs, uuned can
then be obtained At par, shall bc purchased
The rest.bcarlng Indebtedness OF tho
United states, not including the so--alicd
nsyS ps@Sm n.rr n" I'M ran ~
cont. per annum was on the ist day Of Jan
uary, lSSi Ai.s7s,e,h,t5o. Tho interest payable
showing nm average annual rate OF interest
ofS.si per cent ~ the aggregate indebted
ness Just stated san,sS,2tO bear Interest ut the
rate Of a,e per cent per annum, the annual
payment nor Interest on this part of the debt
being ssisGJ7; s2Sp, 5tS,ph0 bear Interest NJ tho
rate Of per cent: pc, nn,n am Ne annual nun,
being sS,6Sd, pis.60 scSnnoo,o)0 hca' interest nj
| the rate of = per cent. per annum, he nn-
debt being sii aioroN s7sa, ass 500 bcar Interest
Ut the rate OF per cont. per nnnum. the M.
nual payment Tor interest ON this part of the
| Np' Wv ht S~,,offs-ie wv, il,ti'St''w's.h
deb US stated above, y ,sls,2is, 400, and tho
total annual interest, sse,psI $3.50. The con
| sfant annual tum rcpuir a by tho conditions
| of the problem for the payment, IN the
| twcnty.fum and one.h aif years from January
I, iSS, to July I, 10 7, ot tho principal and IN.
| tero I, rs above given of the intercst-bearing
debt OF the United State, IN found 10 be ass,'
| kahEn
Tho ssp 40, go of debt bearing interest nj M
| per cont will be uNtinguishcd IN two and
| two.thiids years moro accurately a0il ycnrrl
| from january I, lisa. OF the debt bearing IN
tercst al 3 Pc, cont slhS, $3.50 win be extin-
| guishcd In a further period OF about six years
| (morc exactly ONO years.. which nddct 10 the
| previous period OF two and two-thifds years
| makes eight and two-thirds years y.g6J) end
Ing with the LIST day OF September 1901, when
tho ~ curitics bearing interest nj ~ per cont.
| become by law redeemablc. Tho securities
| last mentioned. namely, those bearing inter
ost AZ ~ per cent, amounting TO ta0,vnnW
viii booxtinguished In four and sovcu-cightbH
las, named Tho remainder OF the debt bear
lrg into est nj Y por cent, amounting 10 sS6. =
| 5000, VIII be eNlinguished In "a further Pc
riod OF two.thiids of year tmorc exactly
o.6as earl, leaving ten and one.third years
more exactly 10 aa2 YEARS. Tor the eNtinguish-
ment by purchase (which purchase Ia AZ.
stunned to q effected Mt pnrl Of tho s73p, S55, no
bearing | crest ut per cent Tho sum OF
these several poriods IN twcnty.four and one
half wears, embracing Tho Interval from Jam
uaty I, lsSi, 10 July |, 10 u, tho date MT which
| the 4 por cent. securiu's become fcdecmnble
and by witch, according In the conditions OF
tho pr blem, The entire interest'bearing dent
of the United states Was To he cstingu shed.