The Progress. (Shreveport, La.) 1892-1900, 1894-03-31
MONEY AND BONDS.
Sons Timely Figures Showing Our VA
tiOnaI Progress.

Fifty million dollars in treasury
notes, not bearing Interest," were issued /
under the act Of July II, 1851, they
were made legal tender by the act OF
March T., 1862. and $4,000, 600 NOR"
were authorizes: Oh Feb T., lH6%, Inc
f ,st grcenbacl act is that Of Feb, -,
1867 1t authorized $50, 600, 900, winch
were legal tender. and receivable "the
same as coin, az par value. The SEC
ond grccnbact act dates from July II,
1862; it authorized another $40, DOC, 600,
| legal tender and receivahle in all cases
except in payment of customs duties
On July II, 1862, postage stamps were
made receivable by government for
sums less than s.. On Jan. II, 1873,
500, 600, GOO Of United States notes
were authorized to pay the army
and navy; these notes were legal
tenders Four hundred million Of doh
lars of treasury notes 500, O0O,0oo to
be counted as issued under the act OF
Jan Il, 1SG3-Werc authorized by sec
ton of the act of March ;, 1868. The
third section of this act was the third
grcenback act authorizing Sl5OoOo,
600 more greenbackS, and the fourth
section provided for FRACTIONAL cur
renCy,' not more in amount than 500
600, 600. The National bank act OF
+ June 3. lS6l, provided for $500, 000 0ot
in bank notes. The act Of June 80
, lS64, authorized 5000, 900, 600 treasury
r notes, legal tenders. The act OF Apr
f., 1868, made all treasury notes
whether Understanding or not, re
ceiyable by government for any bonds
The act of July t., 1870 added $5l, 600,
1000 to the amount of bank notes au
thOriZed' and the act Of June 90 1874
fixed tbs amount at $685., 10000 In
Sherman act authorized trcaSur,
notes for the purchase o
silver, Bond issues were author
lied as follows; July II, 1851, $3.50,
900, 900 per cent twenty-year bonds
or treasury notes drawing $40 pc
cent for three years, or such nole
without interest, or One-year note
bearing interest at 3.G5 per cent; fe'
-, 1862, $500, 600 twenty-yea
bonds at 6 per cent; March ,, 1866
500. 900, 900 ten-forty bonds at pc
cent this amount to include all Dond
treasury notes and greenbacks al
thorized by the act, that IS, S4oo'o'V
600 in treasury notes Sl5O,Ooo,o'
prcenbaclls, and 100000 600 fraction;
currency. leaving really on y S30o'ooo
900 in bonds: March >, 1854, S2OO,O0O
900 fve-forty bonds lin lieu OF tt
same amount authorized by the pr
ceding act}, June 30, 1864, $4,000
900 fve-thirty bonds; March
1865. 5000. 600, 900 bonds or note
July A, 1870, and Jan. 70, 49,
$500, 900, 900 ten-year bonds at p
cent, $500, 900, 600 hfteen-year bonds
a. per cent, and 100000, 900 thlrt
wear bonds at 4 per cent, this oel
the refunding act, Of legal tend
notes, grecnbaclls, $780, BIC, '93 we
issued. and $34G 6Sl O16 are still OF
! standing; $50, G47.5o Of the dema
treasury notes still exist, and abe
81 900, 900 in fractional currency
still out. National bank notes toSlt
oel 5l7 are in circulation and sos, Z
602 of the Sherman act not
All of the bonds have been
deemed except S25, 3Gl,32 Of
AZ per cents Of 1870, 50
6lo, 700 of the per cents of 1870,
s64, 10 of the per cent refund
certificates" of 1879 The + per &c
ted of 1870 are not rcdeemable until L
ten the other bonds are radeemao'e NJ