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The National Finances

The National Finances image
Parent Issue
Day
10
Month
November
Year
1865
Copyright
Public Domain
OCR Text

New York, Nov. 2. Tlio Posts Washington special says the quarterly report of Freciriao Clark, CiiitïolW ol the (Jmrency, shows lonns anil depik. of niitinual bank' ut $48o,000,000,- eiriiulitioTi. $171 000,000; t.idividuul depoiits, ii)5.0()0,000 ; oiicu lation of State tanks, aboi.t 800,000,000. Suoretary McCullnob today promul gated tho .statement of public dobt, as ït appnars (rom tho books of tho Trcasurer'a returns and rwquiéUiona in the Department, on the Sist of October, 1865-. Tlie rRciipitulation shows the followincr: Debt beariivg iiileret in cjoia, $1.161,187.691 80; dobt benring interest in Jlawfül money, $1,018,119,787 41) ; amouQt of debt on which ijitar est bas ceased, $137,392,009 debt bearing no interest 1386,523,359 &1 total amonnt outstanding, $2,740,854,758 80. Tlie total interest íh $138,938,078 59, of which 867,G70,340 50 is ooin, aud S7l-,267r738 is in lawful tiionoy. Tbe legal tetider npta in cir culatioi) are as follows: Onu mij tvTO years' 5 per cents.,. $32,530,901 ; Uaiti d States notes, oíd issues, $3,092,070 ; Unitüd Statee notes, uew isnue,. $427,768,469 , eorapouiul interist notos, $173,012, 141 f total, $603,759,081. The following w Lbe umount in tlio Treasury : In eoin, $34,554,987 15 ; in eurrenoy, 33,800,59154; total, $68,355,578 69. Fractionai cun-ency on limid, $26,057,469 A contrast of' tlia October statement with tliat for September shtvs a reduotion of tlio public dubt of four inilüons of dollars, at;d also a rednetiou of legal tender of over fourty fiur milliona. In the October statement there ia also a new feature, namely, the amouut outstancling in 5-20 bonds, exchanges uuder the act of March 3, 1865. Nearly four millions and a half of these are pa.yable after five, and redeemable in twunty years, from Nov. lst, 1865, at 6 per cent interest in coio. Tlie tomporary loan at 4 per cent. is $612,728 ; at 5 per cent.. $3,130,971 ; and at 6 per ceut, $67,185,306. Certificates of indebteduess bearing 6 per cent. iuturest, $55,905,000.

Article

Subjects
Old News
Michigan Argus