07.
On the 1st of the present month the amount of the public debt actually
incurred, including Treasury notes, was $45,659,659.40. The public debt
due on the 4th of March, 1845, including Treasury notes, was
$17,788,799.62, and consequently the addition made to the public debt
since that time is $27,870,859.78.
Of the loan of twenty-three millions authorized by the act of the 28th
of January, 1847, the sum of five millions was paid out to the public
creditors or exchanged at par for specie; the remaining eighteen
millions was offered for specie to the highest bidder not below par, by
an advertisement issued by the Secretary of the Treasury and published
from the 9th of February until the 10th of April, 1847, when it was
awarded to the several highest bidders at premiums varying from
one-eighth of 1 per cent to 2 per cent above par. The premium has been
paid into the Treasury and the sums awarded deposited in specie in the
Treasury as fast as it was required by the wants of the Government.
To meet the expenditures for the remainder of the present and for the
next fiscal year, ending on the 30th of June, 1849, a further loan in
aid of the ordinary revenues of the Government will be necessary.
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