on the twenty-second day of July, 1846, entitled "An act authorizing an issue of Treasury notes and a loan, the principal of which stock is reimbursable on the 12th day of November in the year eighteen hundred and fifty-six, which debt is recorded in and transferable at the office of the Register of the Treasury by appearance, in person or by attorney, according to the rules and forms instituted for that purpose. Entered Recorded Register of the Treasury. MEXICAN INDEMNITY STOCK. (ACT OF AUGUST 10, 1846.) Length of loan, five years; redeemable five years from date; amount authorized, $320,000; amount issued, $303,573.92; sold at par; interest, 5 per cent, payable quarterly; first issue, first fiscal quarter of 1847; outstanding June 30, 1896, $1,104.91; included in the Finance Report under the title of "Old Debt." The Mexican Government having failed to pay moneys due on account of claims of American citizens, as per the terms of the convention of January 30, 1843, by article 13 of the treaty of Guadalupe Hidalgo, February 2, 1848, the United States engaged to pay the same. The act required the claimants to relinquish to the Government their right to said installments, and agree to take in payment the above stock. The interest paid was $75,412.82. COPY OF OBLIGATION. Mexican indemnity stock. FIVE PER CENT STOCK, IN PAYMENT OF THE FOURTH AND FIFTH INSTALLMENTS AND INTEREST OF THE MEXICAN INDEMNITY. or assigns, the sum of Του, Unto Dollars T, being the amount of the fourth and fifth installments and interest due on certificates of Mexican indemnity in the name of to wit: No. -, amounting to Dollars bearing interest at five per centum per annum, payable semiannually (on the 10th February and 10th August), from the 10th —, 18-; which debt is recorded in and is transferable only at this office, by appearance in person or by lawful attorney, and is reimbursable, at the pleasure of the United States, at any time after the 9th day of August, 1851. The interest on this certificate, amounting to six months, is payable at this office to the said attorney. Dolls. TOO. or each Dollars lawfully authorized Register of the Treasury. TREASURY NOTES OF 1847. (ACT OF JANUARY 28, 1847.) Length of loan (authority for issuing), up to six months after ratification of peace with Mexico; notes redeemable after one or two years from their respective dates; amount authorized, $23,000,000; amount issued, $26,122,100, including reissues; sold at par; interest, 5 and 6 per cent, payable on redemption; after maturity of notes, to cease at the expiration of sixty days' notice; first issue, third calendar quarter of 1847; outstanding June 30, 1896, $950; included in the Finance Report under the title of "Old Debt." "Unadjusted, over, $350." This issue was rendered necessary in view of an anticipated further deficit. The notes were to be issued as exigency required. Authority was given to borrow money on the credit of the same. They were FI 96-40 transferable by delivery and assignment indorsed thereon. They were to be paid to such creditors as chose to receive them at par, and were made receivable in all payments to the Government. When redeemed other notes might be issued in their stead, provided the amount outstanding, together with the stock authorized by the same act (and in which they, as well as notes issued under previous acts could be funded), did not at any time exceed $23,000,000. The authority under the act of July 22, 1846, to issue Treasury notes, was extended by the fifteenth section, to the period fixed by this act, on the same terms and conditions; the issue under said section, however. not to exceed $5,000,000. The interest paid was $1,576,882.75. Principal fundable, at the option of the holder, in United States six per cent stock bearing semiannual interest, redeemable after 1867. LOAN OF 1847. (ACT OF JANUARY 28, 1847.) Length of loan, twenty years eleven months; redeemable January 1, 1868; amount authorized, $23,000,000; amount issued, $28,230,350; sold at rates varying from 1 to 2 per cent premium; interest, 6 per cent, payable semi-annually; first issue, third fiscal quarter of 1847; outstanding June 30, 1896, $950; included in the public debt statement under the title of "Old Debt." The act authorized the issue of $23,000,000 in Treasury notes, or stock for any portion of the amount; both not to exceed said sum. Section 14 authorized the conversion of Treasury notes of this or any previous act into said stock; hence the apparent overissue. From June 30, 1847 to August 15, 1849, a portion of this stock was sold at a premium. The premium realized on this loan was $74,884.98. From April 20, 1849 to October 17, 1857, $18,815,100 was purchased at rates ranging from 1.26 to 21.58 per cent above par, the amount paid being $3,463,432.63. Bayley gives $2,674.27 more premium paid on this loan than the books and accounts show. He is in excess, respectively, in 1851 and 1854, $80.32 and $4,206.97; the latter being a net repayment which he failed to deduct; and he is less in 1853, $1,613.02, cause undetermined. From October 20, 1866 to June 27, 1867, $2,194,050 was purchased at from 1 to 8 per cent below par, the discount amounting to $132,104.25; and from July 2, 1867 to February 7, 1868, $303,850 was purchased at from 1 to 13 per cent below par, the discount being $3,712; total, $135,816.25. Bayley did not get this, it is presumed, owing to the fact that (the redemption account having been charged with the full amount) the discount was covered in as a "profit." There was paid $2,396.42 commission, and $17,433,341.92 interest on the loan. or Are indebted unto assigns the sum of Three Hundred Dollars, redeemable "after the last day of December, 1867," with interest from the - day of 184-, inclusive, at six per cent per annum, payable on the first days of January and July in each year. This debt is authorized by an act of Congress approved January 28th, 1847, and is transferable on the books of this Office. Length of loan, indefinite; redeemable at the pleasure of the Government; amount authorized, indefinite; amount issued, $233,075; sold at par; interest, 6 per cent, payable semi-annually; first issue, fourth fiscal quarter of 1847; outstanding June 30, 1896, $3,000, included in the Finance Report under the title of "Old Debt." The act providing for the issue of a warrant for 160 or 40 acres of land, in favor of each enlisted man for a term of enlistment of twelve months or less, respectively, who served in the Army during the war with Mexico, and was honorably discharged, or died while in the service, allowed everyone entitled, the option to receive such warrant or a Treasury scrip for $100 or $25, according to the term for which the soldier enlisted. Certificates to the amount of $400 were canceled, having been improperly obtained. The interest paid was $13,782.68. of Unto -or- assigns, One Thousand Dollars, redeemable at the pleasure of the Government, with semi-annual interest at six per cent per annum from the day 184-, payable on the first days of January and July in each year. This scrip is issued pursuant to the provisions of the act of Congress of February 11th, 1847, and is transferable on the books in the office of the Register of the Treasury. Washington, Entered 18-. Register U. S. Treasury. LOAN OF 1818. (ACT OF MARCH 31, 1848.) Length of loan, twenty years; redeemable after July 1, 1868; amount authorized, $16,000,000; amount issued, $16,000,000; sold at rates from 3.02 to 4.05 per cent premium; interest, 6 per cent, payable semi-annually; first issue, first fiscal quarter of 1849; final redemption, December 31, 1872. The President, in his message, having deemed it probable that if the war with Mexico continued until July 1, 1848, the expenditures would exceed the revenues by about $16,000,000, the act was passed authorizing this loan. There was realized $487,191.16 premium on the sale of the loan. From 1849 to 1858, inclusive, there was purchased of this stock $7,091,658.20 at rates ranging from 8.185 to 22.46 per cent above par; total paid, $1,253,134.58. Bayley gives $1,876.50 less premium paid on this loan than the books and accounts show. He is in excess in 1849, $2,899.63, "short interest" deducted, in Report 100449, from premium due; and he is less in 1853, $569.16, undetermined, and in 1854, $4,206.97, being the net counter payment on account of the repayment of the same amount in the loan of 1847 in the same year, in correction of an error which occurred in 1853. From October 15, 1866 to June 27, 1867, $886,400 of this stock was purchased at from 13 to 17.3 per cent below par, the discount amounting to $81,401.25; from July 2 to October 19, 1867, $226,350 was purchased at from 1 to 2 per cent below par, the discount amounting to $3,999.50; and on July 6, 1868, $1,602,500 was purchased at from one-eighth to one-fourth of 1 per cent below par, the discount amounting to $3,691.25; total, $89,092. Bayley did not get this, it is presumed, owing-as in the loan of 1847to the fact that (the redemption account having been charged with the full amount) the discount was covered in as a "profit." Of $721.37 commission paid, $66.25 was paid out of the "Expenses of the national loan" in 1864. The interest paid was $13,127,734.29. Are indebted unto or assigns, the sum of Five Thousand Dollars, redeemable after the first day of July, 1868, with interest from the day of, 184—, inclusive, at six per cent per annum, payable on the first days of January and July in each year. This debt is authorized by an act of Congress approved March 31st, 1848, and is transferable on the books of this office. Washington, 184 Register U. S. Treasury. TEXAN INDEMNITY STOCK. (ACT OF SEPTEMBER 9, 1850.) Length of loan, fourteen years; redeemable January 1, 1865; amount authorized, $10,000,000; amount issued, $5,000,000; sold at par; interest, 5 per cent, payable semi-annually (January and July); first issue, third fiscal quarter of 1851; outstanding June 30, 1896, $20,000; included in the public debt statement under the title of "Old Debt." The stock authorized by the act named was to be issued to Texas in satisfaction of all claims against the United States arising out of the annexation of said State. But $5,000,000 was issued, as a subsequent act, of February 28, 1855, provided that the creditors of Texas should be paid in cash, and increased the amount to be paid them to $7,750,000, to be divided pro rata among such as were comprehended in the first act. From 1854 to 1858, inclusive, $1,539,000 of this stock was purchased at rates ranging from 5.14 to 12 per cent above par, the premium paid being $117,534.26. In 1864 $992,000 was redeemed, as per Receipts and Expenditures, "at a deduction of 4 per cent," being a trifle over that rate, the discount amounting to $39,699.39. Bayley did not get this amount at all. In 1865 $427,000 was redeemed at 4 per cent below par, but the discount of $17,080 was not covered in as such until December 23, 1870, by warrant No. 467 of that date. $14.73 and $15.89 discount on the redemption of $5,000 and $8,000, also in 1865, having at first been erroneously charged to interest account, was subsequently, by warrant No. 269 and counter warrant No. 76, also of December 23, 1870, charged to principal and credited to "Unclaimed interest" account. It has not been found to have ever been otherwise covered in. Total discount on redemption, $56,810.01. The interest paid was $2,704,173.52. Are indebted unto UNITED STATES OF AMERICA or bearer, the sum of One Thousand Dollars, redeemable after the 31st day of December, 1864, with interest at five per centum per annum, payable semiannually on the first days of January and July in each year, at the Treasury of the United States, on presentation and surrender of the proper coupon hereto annexed. This debt is authorized by an act of Congress approved September 9th, 1850. It is recorded in the office of the Register of the United States Treasury, and is transferable on delivery. Washington, Entered 185-. Register U. S. Treasury. 25 (Coupons in form like the following, for interest, attached:) Due from the United States to the bearer, Twenty-Five Dollars, for six months' interest, due 1st January, 1858, upon bond No. for $1,000. For the Secretary of the Treasury: TREASURY NOTES OF 1857. (ACT OF DECEMBER 23, 1857.) Length of loan, one year; notes redeemable one year from date of issue; amount authorized not to exceed $20,000,000 outstanding at any one time; amount issued, $52,778,900; sold at par; interest at various rates, from 3 to 6 per cent, payable on redemption, to cease after maturity at the expiration of sixty days' notice; first issue, third fiscal quarter of 1858; outstanding June 30, 1896, $700; included in the Finance Report under the title of "Old Debt." "Unadjusted, short, $1,900." This loan was authorized through the Secretary of the Treasury reporting that so great was the falling off in the revenues from customs, owing |