Unclaimed dividends upon debt created prior to 1800, and the principal and interest of the outstanding debt created during the war of 1812, and up to 1837. (For detailed information in regard to earlier loans see Finance Report for 1876.)

The acts of October 12, 1837, (5 Statutes, 201;) May 21, 1838, (5 Statutes, 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, 1846, (9 Statutes, 39,) authorized the issue of Treasury 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 cent. per annum, redeemable one year from date. These notes were receivable in payment of all debts due the United States, including customs-duties.

1849.

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

notice.

The act of January 28, 1847, (9 Statutes, 118,) authorized the issue of 1 and 2 years. After 60 days $23,000,000 Treasury notes, with interest at not exceeding 6 per cent. per annum, or the issue of stock for any portion of the amount, with interest at 6 per cent. 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 were receivable in payment of all debts due the United States, including customs-duties.

350, 000 00

303, 573 92

1, 104 91

The act of January 28, 1847, (9 Statutes, 118,) authorized the issue of 20 years $23,000,000 Treasury notes, with interest at not exceeding 6 per cent. per annum, or the issue of stock for any portion of the amount, with interest at 6 per cent. per annum, reimbursable 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 overissue.

The 9th section of the act of February 11, 1847, (9 Statutes, 125,) author. Indefinite... July 1, 1849 ized the issue of land-warrants to soldiers of the Mexican war, or scrip, at the option of the soldiers, to bear 6 per cent. 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,) anthorized the issue of 14 years.. $10,000,000 stock, with interest at 5 per cent. 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. The stock was to be redeemable at the end of fourteen years.

The act of December 23, 1857, (11 Statutes, 257,) authorized the issue of 1 year.. $20,000,000 in Treasury notes, $6,000,000 with interest at not exceed ing 6 per cent. per annum, and the remainder with interest at the lowest rates offered by bidders, but not exceeding 6 per cent. 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.

6 per cent...

Par.

Indefinite..

233, 075 00

3,400 00

The act of June 22, 1860, (12 Statutes, 79,) authorized a loan of $21,000,000, (to be used in redemption of Treasury notes,) with interest at not exceeding 6 per cent. per annum, redeemable in not less than ten nor more than twenty years.

10 years

January 1, 1871 5 per cent

Par to .0145 premium.

21, 000, 000 00

7,022, 000 00

10, 000 00

The first section of the act of December 17, 1860, (12 Statutes, 121,) authorized the issue of Treasury notes for an amount not exceeding $10,000,000 at 6 per cent. per annum interest, redeemable at the expiration of one year from the date of the notes. The fourth section of the same act authorized the issue of such portion of the notes as might be deemed expedient to public creditors who would receive them at such rate of interest as might be offered by the lowest responsible bidders, after due advertisement; no bid to be received for less than 1 per cent. per annum.

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.

2 years.

60 days

The act of March 2, 1861, (12 Statutes, 198,) appropriated $2.800,000 for 20 years. 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.

July

1, 1881

6 per cent...

Par*.

250, 000, 000 00

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

189, 321, 350 00

The act of July 17, 1861, (12 Statutes, 259,) authorized the issue of 20 years.. $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 7.30s was $139,321,200.

The act of July 17, 1861, (12 Statutes, 259,) authorized the issue of $50,000,000 Treasury notes, not bearing interest, of a less denomination than fifty dollars and not less than ten dollars, and payable on demand by the assistant treasurers at Philadelphia, New York, or Boston. The act of August 5, 1861, (12 Statutes, 313,) authorized the issue of these notes in denomination of five dollars; it also added the assistant treasurer at Saint Louis, and the designated depositary at Cincinnati to the places where these notes were made payable. The act of February 12, 1862, (12 Statutes, 338,) increased the amount of demand notes authorized $10,000,000.

On demand

None

Par

60, 000, 000 00

60, 000, 000 00

63,962 50

The act of February 25, 1862, (12 Statutes, 345,) authorized a loan of 5 or 20 years. May $500,000,000 for the purpose of funding the Treasury notes and floating debt of the United States, and the issue of bonds therefor, with interest at 6 per centum per annum. These bonds were redeemable after five and payable twenty years from date. The act of March 3, 1864, (13 Statutes, 13,) authorized an additional issue of $11,000,000 of bonds to persons who subscribed for the loan on or before January 21, 1864. The act of January 28, 1865, (13 Statutes, 425,) authorized an additional issue of $4,000,000 of these bonds and their sale in the United States or Europe.

1, 1867

6 per cent..

Par

515, 000, 000 00 514, 771, 600 00

562, 450 00

The act of February 25, 1862, (12 Statutes, 346,) authorized temporaryloan deposits of $25,000,000, for not less than thirty days, with interest at 5 per centum per annum, payable after ten days' notice. The act of March 17, 1862, (12 Statutes, 370,) authorized the increase of temporary-loan deposits to $50,000,000. The act of July 11, 1862, (12 Statutes, 532,) authorized a further increase of temporary-loan deposits to $100,000,000. The act of June 30, 1864, (13 Statutes, 218,) authorized a further increase of temporary-loan deposits to not exceeding $150,000,0J0, and an increase of the rate of interest to not exceeding 6 per centum per annum, or a decrease of the rate of interest on ten days' notice, as the public interest might require.

On demand..

None

Par.

$450, 000, 000 00 $447, 300, 2)3 10 $359, 764, 332 00