The Confederate Debt

December 31, 1862, the receipts of the Treasury from the commencement of the “Permanent Government,” (February 18, 1862,) were as follows:

RECEIPTS.

Patent fund $13,920 00

Customs 668,566 00

Miscellaneous 2,291,812 00

Repayments of disbursing officers 3,839,263 00

Interest on loans 26,583 00

Call loan certificates 59,742,796 00

One hundred million loan 41,398,286 00

Treasury notes 215,554,885 00

Interest bearing notes 113,740,000 00

War tax 16,664,513 00

Loan 28th of February, 1861 1,375,476 00

Coin received from Bank of Louisiana 2,539,799 00

Total $457,855,704 00

Total debt up to December 31, 1862 556,105,100 00

Estimated amount at that date necessary to support the Government to July, 1868, was 357,929,229 00

Up to December 31, 1862, the issues of the Treasury were:

Notes $440,678,510 00

Redeemed 30,193,479 50

Outstanding $410,485,030 50

From January 1, 1863, to September 30, 1863, the receipts of the Treasury were:

For 8 per cent. stock $107,292,900 70

For 7 per cent. stock 38,757,650 70

For 6 per cent. stock 6,810,050 00

For 5 per cent. stock 22,992,900 00

For 4 per cent. stock 482,200 00

Cotton certificates 2,000,000 00

Interest on loans 140,210 00

War tax 4,128,988 97

Treasury notes 391,623,530 00

Sequestration 1,862,550 27

Customs 934,798 68

Export duty on cotton 8,101 78

Patent fund 10,794 04

Miscellaneous, including repayments by disbursing officers 24,498,217 93

Total $601,522,893 12

EXPENDITURES DURING THAT TIME.

War Department $377,988,244 00

Navy Department 38,437,661 00

Civil, miscellaneous, etc. 11,629,278 00

Customs 56,636 00

Public debt 32,212,290 00

Notes cancelled and redeemed 59,044,449 00

Total expenditures $519,368,559 00

Total receipts 601,522,893 00

Balance in treasury $82,154,334 00

But from this amount is to be deducted the amount of all Treasury notes that have been funded, but which have not yet received a true estimation, $65,000,000; total remaining, $17,154,334.

Condition of the Treasury, January 1, 1864.

Jan. 25—The Secretary of the Treasury (C. G. Memminger) laid before the Senate a statement in reply to a resolution of the 20th, asking information relative to the funded debt, to call certificates, to non-interest and interest-bearing Treasury notes, and other financial matters. From this it appears that, January, 1864, the funded debt was as follows:

Act Feb. 28, 1861, 8 ⅌ cent., 15,000,000 00

Act May 16, 1861, 8 ⅌ cent., 8,774,900 00

Act Aug. 19, 1861, 8 ⅌ cent., 100,000,000 00

Act Apr. 12, 1862, 8 ⅌ cent., 3,612,300 00

Act Feb. 20, 1863, 8 ⅌ cent., 95,785,000 00

Act Feb. 20, 1863, 7 ⅌ cent., 63,615,750 00

Act Mar. 23, 1863, 6 ⅌ cent., 2,831,700 00

Act April 30, 1863 (cotton interest coupons) 8,252,000 00

$297,871,650 00

Call certificates 89,206,770 00

Non-interest bearing Treasury notes outstanding:

Act May 16, 1861—Payable two years after date 8,320,875 00

Act Aug. 19, 1861—General currency 189,719,251 00

Act Oct. 13, 1861—All denominations 131,028,366 50

Act March 23—All denominations 391,829,702 50

720,898,095 00

Interest-bearing Treasury notes outstanding 102,465,450 00

Amount of Treasury notes under $5, outstanding Jan. 1, 1864, viz:

Act April 17, 1862, denominations of $1 and $2 4,860,277 50

Act Oct. 13, 1862, $1 and $2 2,344,800 00

Act March 23, 1863, 50 cents 3,419,000 00

Total under $5

10,424,077 50

Total debt, Jan. 1, 1864 $1,220,866,042 50

Its Condition, March 31, 1864.

The Register of the Treasury, Robert Tyler, gave a statement, which appeared in the Richmond Sentinel after the passage of the funding law, which gives the amount of outstanding non-interest-bearing Treasury notes, March 31, 1864, as $796,264,403, as follows:

Act May 16, 1861—Ten-year notes $7,201,375 00

Act Aug. 19, 1861—General currency 154,365,631 00

Act Apr. 19, 1862—ones and twos 4,516,509 00

Act Oct. 18, 1862—General currency 118,997,321 50

Act Mar. 23, 1863—General currency 511,182,566 50

Total $796,264,403 00

He also publishes this statement of the issue of non-interest-bearing Treasury notes since the organization of the “Confederate” government:

Fifty cents $911,258 50

Ones 4,882,000 00

Twos 6,086,320 00

Fives 79,090,315 00

Tens 157,982,750 00

Twenties 217,425,120 00

Fifties 188,088,200 00

Total $973,277,363 50