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Title: Payment of Interest
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Text:

In addition to the reduction of the public debt, as shown on the statement of June 1, there was paid during the month of May, interest to the amount of $42,197,197.50, which was due and payable before the 1st of March, and which had never been reported as part of the public debt. More than double that amount was probably paid in like manner during the months of March and April. the debt was, in fact, reduced more than $24,000,000 since March. It will be seen that the amount of redeemed coupons, payable May 1 has been added to the amount of debt in the June statement. Owning to the manner in which the accounts have been heretofore kept, the full amount of outstanding coupons payable before that date can not, at present, be accurately ascertained.


[Page 72 of scrapbook.]

Date: 6/10/1869
Origin: Warren Republican
Author:
Record ID: 00001714
Type: Periodical
Source Archive: Warren County Historical Society
Date Entered: 8/10/2001
Collection: Clippings scrapbooks
Entered By: Leslie J. Rice

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