OUR NATIONAL SECURITIES are of several different kinds. The bulk of the Public Debt, however, is embraced in the five following classes: 1st. The "SEVEN-THIRTIES," which bear seven and three-tenths per cent. interest, payable in currency, having three years to run, and then convertible into currency or Five-twenties, at the option of the holder. 2d. The "FIVE-TWENTIES," which bear six per cent. interest, payable semi-annually in gold, having twenty years to run, but which may be paid off in gold by the Government, on due notice to the holders, at any time after five years. 3d. The "TEN-FORTIES," which bear five per cent. interest, payable semi-annually in gold, having forty years to run, but which may be paid off in gold on notice to the holders, at any time after ten years. 4th. The "SIXES OF 1881," which bear six per cent. interest, payable semi-annually in gold, having twenty years to run (from 1861), and then payable in gold. 5th. The "LEGAL TENDER" or "Greenbacks," which are a legal tender for all debts, except duties on imports and interest on the gold-bearing bonds. There was, January 1, 1861, of these bills, including fractional currency, $640,780,861 37, of which $452,231,820 37 is free of interest, and $188,549,041 bears simple or compound interest, payable on the maturity of the notes, most of them six per cent., payable three years after 1864, the interest compounded in a table on the back of the note every six months. In addition to the above, there are Oregon War Bonds, Texas Indemnity Bonds, Gold Certificates of Deposit, Certificates of Indebtedness, U. P. R. R. Bonds, and Temporary Loans. THE NATIONAL DEBT. The following is a statement of the public debt of the United States at certain dates: Jan. 1, 1866, the Public Debt was as follows: Debt bearing Currency Interest..... 1,179,475,235 50 Debt due, not presented for payment. Debt bearing no Interest... Total Debt.. Cash in the Treasury. Balance.... 1,166,880 32 459,519,950 37 .$2,807,310,357 99 90,728,821 80 2,716,581,536 19 VOLUNTEERS AND BOUNTIES. The several States furnished Volunteers during the rebellion, as follows: The volunteers received bounties as follows: 1,156,868 received $100 each.... $115,686,800 Total amount of bounties paid... $300,223,500 To equalize the bounties (at $400) will require, in addition to the amount already paid, $761,001,300. |