Balance in Treasury at the end of the year. $33, 933, 657 89 165, 301, 654 76 *4, 484, 555 03 *4, 484, 555 03 8,042, 233, 731 41 160,817,099 73 1,093, 079, 655 27 198, 076, 537 09 1,069, 889, 970 74 158, 936, 082 87 584, 777, 996 11 183, 781, 985 76 702, 907, 842 8 177, 604, 116 51 1865 $1,217, 704, 199 28 1866 385, 954, 731 43 $609,616, 141 68 $1,906, 433, 331 37 1868 1870 1871 1872 153, 201, 856 19 7,611,003 56 10,813, 349 38, 7, 001, 151 04 1,674, 620 03 15, 996, 555 60 9,016, 794 74 6,958, 266 76 5, 105, 919 99 1,395, 073 55 502,692, 407 75 2, 374, 677, 203 43 691, 680, 858 90, 138, 019, 122 15 682, 525, 270 21 134, 666, 001 85 524, 044, 597 91 159, 293, 673 41 724, 698, 933 99 178, 833, 339 54 682, 000, 8-5 32 172, 804, 061 32 714, 446, 357 39 149, 909, 377 21 6,966, 814, 768 05 65, 572, 794 67 1, 704, 969, 511 27 6, 774, 929, 026 14 15, 512, 286, 100 13 warrants. expended under Geneva award. standing warrants are then added, and the statement is by warrants issued from that date. The balance the amount deposited with the States, $28,101,644.91, leaving the net available balance June 30, 1876, 2 F TABLE I-Statement of the differences between the several accounts, showing the outstanding principal of the public debt, with an explanation thereof, so far as the examination of the accounts has progressed. The statement of receipts (Table G) shows the amount which has been covered into the Treasury, as derived from loans and Treasury notes, from the organization of the Government to and including June 30, 1876, to have been The statements of expenditures (Table H) shows the payments from the Treasury for the redemption and purchase of loans and Treasury notes for the same period to have been. Showing the principal outstanding by these tables, June 30, 1876. The actual outstanding principal at that date, as shown by Tables F and O and by the debtstatement of July 1, 1876, was... Showing..... $8,839, 219, 011 84 6,774, 929, 026 14 2,064, 289, 985 70 2, 180, 395, 067 15 116, 105, 081 45 more outstanding and unpaid principal by the debt-statement and by Tables F and O than by the receipts and expenditures, Tables G and H. This difference of $116, 105,081,45 is thus explained: The following stocks were issued in payment of various debts and claims, but in the transaction no money ever came into the Treasury. When the stock matured, it was paid out of the general funds then in the Treasury. This showed an expenditure where there had been no corresponding receipt, and, of course, a statement of the debt made from the receipts and expenditures on account of loans and Treasury notes would not be correct, unless these items were added to the receipt side The above are the details (so far as the progress of the examination has developed them) of the item in the finance report of 1871, (page 2) "Revolutionary debt, estimated, $76,000,000." The following amounts represent the discounts suffered in placing the loans named. Only the money actually received was covered into the Treasury. The difference between this and the face-value of the stock issued was the discount. To make the receipts and expenditures on the loan-accounts correct, these discounts should be credited to the loans as receipts and charged to a discount-account. I can of 1796 Loan of February, 1813... Loan of August, 1813.. Ten-million loan of 1814.. Loan of February, 1861 Unenumerated items, consisting of premiums and discount, interest, commissions, brokerage, &c., the full details of which can only be given when the examination of the accounts of the domestic debt of the Revolution is completed Total.... 186,988 78 400,000 00 400, 000 00 1,771,496 90 63,918, 475 44 4,282, 151 12 11, 250, 080 00 1,500,000 00 7, 000, 000 00 711,700 00 5, 000, 000 00 303, 573 92 233, 075 00 1,000 00 10,000 00 2, 109, 377 43 998, 581 95 1,983, 895 25 1,076, 826 97 93,868 95 588,820 93 2,019, 776 10 942,433 83 116, 105, 081 45 TABLE K.-Statement showing the condition of the sinking-fund from its institution in May, 1869, to and including June 30, 1876. THE SECRETARY OF THE TREASURY IN ACCOUNT WITH SINKING-FUND. June 30, 1869 By amount of principal purchased, $2,691,000, including $1,000 donation, estimated in gold. CR. By accrued interest on the amount of purchases in 1869 $7,261, 437 30 136,392 56 July 1, 1869 To 1 per cent. on the principal of the public debt on June 30, 1869, $2,588,452,213.94.. June 30, 1870 7,397, 829 86 By amount of principal purchased, $28, 151,900, estimated in gold.. By accrued interest on account of purchases in 1870. 744, 711 80 June 30, 1871 By amount of principal purchased, $29,936,250, estimated in gold... By accrued interest on account of purchases in 1871...... By balance to new account 257, 474 32 June 30, 1872 By amount of principal purchased, $32,618,450, estimated in gold.... By accrued interest on account of purchases in 1872...... July 1, 1871 To 1 per cent. on the principal of the public debt on June June 30, 1872 To interest on redemption of 1869, $8,691,000... To interest on redemption of $32,618,450, amount of princi- DR. TABLE K.-Statement showing the condition of the sinking-fund, &c.—Continued. THE SECRETARY OF THE TREASURY IN ACCOUNT WITH SINKING-FUND. July 1, 1872 To 1 per cent. on the principal of the public debt on June 30, 1872, $2,253,251,328.78. June 30, 1873 To interest on redemption of 1869, $8,691,000... To interest on redemption of 1870, $28,151,900 To interest on redemption of 1871, $29,936,250. CR. To interest on redemption of 1872, $32,618,450 To interest on redemption of $28,678,000, amount of principal of public debt purchased during fiscal year 1873 on this account.. To balance to new account June 30, 1875 By amount of principal redeemed, estimated in gold.. 25, 170, 400 00 353,061 56 5,996, 039 62 To interest on redemption of $25,170,400, amount of principal of public debt "paid" during fiscal year 1875 on this account. 1,720, 680 00 776,087 00 |