Annual Report of the Secretary of the Treasury on the State of the Finances: For the Year 1881 (Classic Reprint)

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Excerpt from Annual Report of the Secretary of the Treasury on the State of the Finances: For the Year 1881Note 3. - The temporary loan, per act of July 11, 1862, is inclu ed in t e 4 per cents. From 1862 to 1868, inclusive, with the exception of the amount outstanding for August 31, 1865, this being the date at which the ublic debt reached its highest point. This loan b'ore interest from 4 per cent. To 6 per cent, and was redeemable on ten days' notice ulteli1 thirty days, but being constantly c anging, it has been considered more equitable to include the whole amount outstanding as bearing 4 per cent. Interest on an average or t e year.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.