AC dBooks

Under this notice $178,055,150 of the 6 per cent bonds were continued at
the lower rate and $17,635,250 were redeemed.
In the month of May a like notice was given respecting the redemption
or continuance of the $439,841,350 of 5 per cent bonds then outstanding,
and of these $401,504,900 were continued at 3-1/3 per cent per annum and
$38,336,450 redeemed.
The 6 per cent bonds of the loan of February 8, 1861, and of the Oregon
war debt, amounting together to $14,125,800, having matured during the
year, the Secretary of the Treasury gave notice of his intention to
redeem the same, and such as have been presented have been paid from the
surplus revenues. There have also been redeemed at par $16,179,100 of
the 3-1/2 per cent "continued" bonds, making a total of bonds redeemed
or which have ceased to bear interest during the year of $123,969,650.
The reduction of the annual interest on the public debt through these
transactions is as follows:

By reduction of interest to 3-1/2 per cent. $10,473,952.25
By redemption of bonds 6,352,340.00
_____________
Total 16,826,292.


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