Fire-twenties of 1862
Five-twenties of March, 1864.
Five-twenties of June, 1864
Five-twenties of 1865

NOTE.-The bonded debt of the United States has been reduced by the amount of these bonds, which have ceased to bear interest and have been canceled and destroyed. This statement does not include the six-per-cent. bonds converted into fives, nor the redemption of past due and called securities, which have also ceased to bear interest and have been canceled and destroyed. Those items marked (") are the bonds bought with the proceeds of the interest collected on the bonds previously purchased. These "interest-purchases" were discontinued after the passage of the act of July 14, 1870, (16 Statutes, 272,) authorizing the refunding of the national debt and directing the cancellation and destruction of the bonds purchased. All bonds, whether purchased, redeemed, or received in exchange for other bonds bearing a lower rate of interest, either before or since the date of that act, have ceased to bear interest, and the annual interest-charge has been reduced by the amount of interest that would have been payable on the first two classes, and the difference in rate on the last class, but for such redemption, purchase, or exchange.

Length of loan.

When redeem- Rate of inable. terest.

Price at which sold.

Amount authorized.

Amount issued.

Amount outstanding.

Unclaimed dividends upon debt created prior to 1800, and the princi pal and interest of the outstanding debt created during the war of 1812, and up to 1837.

On demand

from date.

The acts of October 12, 1837, (5 Statutes, 201;) May 21, 1838, (5 Statutes, 1 and 2 years 1 and 2 years 228;) March 31, 1840, (5 Statutes, 370;) February 15, 1841, (5 Statutes, 411) January 31, 1842, (5 Statutes, 469;) August 31, 1842, (5 Statutes, 581) and March 3, 1843, (5 Statutes, 614;) authorized the issue of Treasury notes in various amounts, and with interest at rates named therein from 1 mill to 6 per centum per annum.

The act of July 22, 1816, (9 Statutes, 39,) authorized the issue of Treas- 1 year.. ury notes in such sums as the exigencies of the Government might require; the amount outstanding at any one time not to exceed $10,000,000, to bear interest at not exceeding 6 per centum per annum, redeemable one year from date. These notes were receivable in payment of all debts due the United States, including customs duties.

A proviso in the civil and diplomatic appropriation act of August 10, 1846, (9 Statutes, 94,) authorized the payment of the principal and interest of the fourth and fifth instalments of the Mexican indemnities due April and July, 1844, by the issue of stock, with interest at 5 per centum, payable in five years.

The act of January 28, 1847, (9 Statutes, 118,) authorized the issue of $23,000,000 Treasury notes, with interest at not exceeding 6 per centum per annum, or the issue of stock for any portion of the amount, with interest at 6 per centum per annum. The Treasury notes under this act were redeemable at the expiration of one or two years; and the interest was to cease at the expiration of sixty days' notice. These notes were receivable in payment of all debts dne the United States, including customs duties.

1 year from 6 per cent.. date.

Par

$10, 000, 000 00

6,000 00

July 1, 1849

6 per cent.

Par

Indefinite.

3,900 00

14 years..

January 1, 1865. 5 per cent... Par

10, 000, 000 00

5, 000, 000 00

174,000 00

The act of January 28, 1847, (9 Statutes, 118,) authorized the issue of $23,000,000 Treasury notes, with interest at not exceeding 6 per centum per annum, or the issue of stock for any portion of the amount, with interest at 6 per centum per annum, re-imbursable after December 31, 1867. Section 14 authorized the conversion of Treasury notes under this or any preceding act into like stock, which accounts for the apparent over-issue.

The 9th section of February 11, 1847, (9 Statutes, 125,) authorized the Indefinite. issue of land-warrants to soldiers of the Mexican war, or scrip, at the option of the soldiers, to bear 6 per centum interest per annum, redeemable at the pleasure of the Government, by notice from the Treasury Department. Interest ceases July 1, 1849.

The act of September 9, 1850, (9 Statutes, 447,) authorized the issue of $10,000,000 stock, with interest at 5 per centum per annum, to the State of Texas, in satisfaction of all claims against the United States arising out of the annexation of the said State. This stock was to be redeemable at the end of fourteen years.

The act of March 31, 1848, (9 Statutes, 217,) authorized a loan of $16,000,000, with interest at not exceeding 6 per centum per annum, reimbursable after July 1, 1868. The Secretary of the Treasury was authorized to purchase this stock at any time.

The act of December 23, 1857, (11 Statutes, 257,) anthorized the issue of $20,000,000 in Treasury notes, $6,000,000 with interest at not exceed ing 6 per centum per annum, and the remainder with interest at the lowest rates offered by bidders, but not exceeding 6 per centum per annum. These notes were redeemable at the expiration of one year, and interest was to cease at the expiration of sixty days' notice after maturity. They were receivable in payment of all debts due the United States, including customs duties.

The act of March 2, 1861, (12 Statutes, 178,) authorized a loan of $10,000,000, with interest at not exceeding 6 per centum per annum, redeemable on three months' notice after July 1, 1871, and payable July 1, 1881. If proposals for the loan were not satisfactory, authority was given to issue the whole amount in Treasury notes, with interest at not exceeding 6 per centum per annum. The same act gave authority to substitute Treasury notes for the whole or any part of loans authorized at the time of the passage of this act. These notes were to be received in payment of all debts due the United States, including customs duties, and were redeemable at any time within two years from the date of the act.

The act of March 2, 1861, (12 Statutes, 198,) appropriated $2.800,000 for the payment of expenses incurred by the Territories of Washington and Oregon, in the suppression of Indian hostilities in the years 1855 and 1856. Section 4 of the act authorized the payment of these claims in bonds redeemable in twenty years, with interest at 6 per centum per annum. LOAN OF JULY AND AUGUST 1861, (1881's.)

The act of July 17, 1861, (12 Statutes, 259,) authorized the issue of $250,000,000 bonds, with interest at not exceeding 7 per centum per annum, redeemable after twenty years. The act of August 5, 1861, (12 Statutes, 313,) authorized the issue of bonds, with interest at 6 per centum per annum. payable after twenty years from date, in exchange for 7-30 notes issued under the act of July 17, 1861. None of such bonds were to be issued for a sum less than $500, and the whole amount of them was not to exceed the whole amount of 7-30 notes issued under the above act of July 17. The amount issued in exchange for 7-30's was $139,321,200.

20 years

July

1, 1881

6 per cent..

Par

250, 000, 000 co

50,000,000 00 139,321,200 00

189, 321,200 00