TWENTY-EIGHTH CONGKESS, 1843-1845. 271 



Since that time the investments in the stocks of the United States 

 have been as follows: 



September 27, 1841, 5 per cent stocks $1, 291. 86 



August 27, 1842, 6 per cent stocks 1 , 135. 80 



December 29, 1842, 6 per cent stocks 8,322.79 



March 31, 1843, 6 per cent stocks 653.05 



January 12, 1844, 5 per cent stocks 4, 231. 35 



: 



Total 15, 634 85 



Which sum is the whole amount of interest received at the Treasury 

 in the space of two years and four months (from the llth of Septem- 

 ber, 1841, to the 12th of January, 1844) from a fund which in that 

 space of time should have yielded little less than $80,000. This, then, 

 is the present condition of the fund. 



There are in the Treasury of the United States 620 bonds of the 

 States of Arkansas, Illinois, Ohio, and Michigan, viz: 



Arkansas.. 538 



Illinois 56 



Ohio 18 



Michigan 8 



Total ~^~Q 



for $1,000 each, bearing on their face interest at 6 per cent a year, payable 

 half-yearly in the city of New York. The principal of these bonds is 

 payable at different times from 1850 to 1873 none before the first of 

 those periods, and none after, but at the pleasure of the several con- 

 tracting States. 



The annual interest upon these bonds is $37,200, payable in semiannual 

 payments in the city of New York; but with the exception of the 

 bonds of the State of Ohio, the payment of interest on all the rest is 

 suspended, which suspension on the bonds of the State of Arkansas 

 has already continued for the space of nearly three years. 



The arrears of this interest due on the 31st of December, 1843, were; 



Of the State of- 

 Arkansas $75,687.84 



480 - 



3. 360. 00 

 ' 



Forming an aggregate of 79,527.84 



Which, added to the amount of the bonds 620, 000. 00 







Gives the amount in the Treasury 699, 527. 84 



on the 31st of December, 1843, which sum, with the accruing interest 

 to the 31st of December, 1846, will exceed $800,000. The stipulated 

 period of payment of the principal of all these bonds is remote, none 

 being payable earlier than 1850, some of them not before 1870, and 

 all postponable at the pleasure of the State. So that while the pay- 



