The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1898-03-04

amount outstanding, 559,64O,l 100.
Refunding certificates, interest at
4 per cent, convertible, amount out.
standing $45, ,13O.
Loan of 1904, interest at 5 per
cent, payable February l, 1904,
amount outstanding $100,00O000.
Loan of 1925, interest at per
cent, payable February !, 1925,
amount outstanding sI62,3l5,4O0.
Total amout outstanding, $947,
365,130
1t will be useful to examine this
table in detail.
The first item lis $25,364, 500. The
bonds making up this amount are
dated September 1. 1875, and l
give a copy of body of one of
them
"The United States Of America
are indebted to - -, or assigns,
in the sum Of one thousands dollars.
This bond Is issued in accordance
with the provisions Of an act congress
entitled can act to authorize the re-
funding of the national debit" ap.
proved July ID, 1870, amended by
an act approved January 20, 1871,
and is redeemablo at the pleasure of
the United States after the first day
of September. A., d. 1891, in coin
of the standard value of the United
States on said July IA, 1870, with
interest in such coin, from the
day of the date hereof, at the rate
Of four and half per centum per
annum, payable quarterly, on the first
day of December, March, June and
September in each year. The prin-
cipal and interest are extempt from
the payment Of all taxes or duties of
the United States, rs we'll rs from
taxation in any form, by or under
State, municipal, or local authority,
transferable on tho books Of this
office"
These bonds fell due in 1901, and
were continued by mutual agreement
between the secretary Of the treasury
and the holders. The following me
morandum WAS printed across the
face of these bonds:
"At the request of and for value
received by the owner Of this bond,
the same is continued during the
pleasure of the government, to bear
interest at the rate of two (2) per
centum per annum from September
2, 1891, as provided in trea ry
circular No. 90, dated July 2,
1891"
1t will thus be observed that there
are $25, 1854, ,50OofUnited States TO Ids
now outstanding which can be paid
and ought to be paid at this time.
The second item of the national
indebtedness amounts to $550,64O,-
100. give copy of.the body of
one of tho bonds constituting this
amount:
Washington, July lst, 1877.
"The United Stat Of America
are indebted to - or assings in the
sum Of one thousand dollars. This
bond is issued in accordance with
the provisions Of an act Of congress
entitled AN act to authorize the re.
funding of the national debt ap.
proved July II, 1870, amended by
an act approved January 20, 1871,
and is redeemable at the pleasure of
the United States after the first day
of July, A. D. 1907, in coin of the
standard value Of the United States
on said July ID, 1877, With interest,
in such coin, from day of the date
hereof, at the rate of four per cen
tum per annum, payable quarterly
on the first day Of October, January,
April and July in each year. The
principal and interest are exempt
from the payment of all taxes or
duties of the United States, as we'll
as from taxation in any form, by CT
under State, municipal, or local au-
thority. Transferable on tho books
of this Office"
The third itom Of this indebted
ness is relatively small, being $45-
13O of refumding ccrtiticAtcs. I give
a copy of the body Of ono of these
certificates:
This nertllies that the sum of ten
dollars has been deposited with the