INDEBTEDNESS OF THE UNITED STATES, OF THE STATES, ETC. 405 



The following table shows the amount of each 

 class of bonds as represented by the coupons 



paid at the U. S. Treasury, and the nine sub- 

 Treasuries, for the date nearest the census year : 



DEBTS OF THE STATES. The assumption by 

 the United States Government, in 1790, of the 

 debts of the States which were contracted 

 during the War for Independence, is related 

 on a preceding page. Subsequent to that date 

 until 1820, only a small amount was contract- 



ed. It was after the latter date that public 

 improvements were undertaken. In 1812 a 

 small war debt was contracted by some States. 

 The following table shows the amount of 

 stocks issued by the several States named, 

 from 1820 to 1838: 



* It is claimed by the people of Mississippi that the debt of $5,000,000 was contracted in violation of the Constitution, and 

 that the State was not liable therefor, 

 t $4,500,000 redeemed. 



$ South Carolina had a Revolutionary debt of $198,770. 

 Virginia had a war debt contracted before 1820 of $843,139. 



The following table shows the amount and the purpose of each State debt in 1838: 



