TAXATION AND DEBT. 651 



nearly completed. The interest on it is being paid regularly as it falls 

 due. The State credit has been restored. The bonds and stocks which 

 had been sold as low as sixty cents on the dollar, under the Republican 

 administration, now commands from $1.04 to §1.06 in the money market. 



Statement of the Public Debt, 31st October, 1882. 



Total consols (valid) $5,429,928 54 



Total deficiencies ....... ' 501,992 24 



State scrip Agricultural College 191,800 00 



To be funded for ante bellum principal and inter- 

 est—say . 168,924 47 



To be funded for post bellum principal and interest 



—say (all valid) 85,237 50 



To be funded for post bellum principal and interest 



—(partly invalid) , 88,275 00 



To be funded for '* Fundable Interest " partly in- 

 valid—say 105,289 68 



To be funded for bills of the Bank of the State . . 378 00 



Total bonded debt $6,571,825 43 



