No. 8.-Ratios of Democratic defalcations compared with Republican honesty. $56,448,721 $210,551 $3 72 $55,426,822 43,811,926 107,686,311 $38,497 $0 69 255,105,106 1,855,446 7 27 2,492,535 13 22 2 292,825 6,599,022 1,889,641 1 41 9,386,687,144) 48 8,014,908.984 4,619,59 7,200,984 76 57 18,024,115,418 8.994,375 Prior to Jun. 30,'61 2,263,660,610 4,734,020 J'ly 1,61, to Jun. 30, 79 15,760,454,807 4,260,355 49 17,634,620,963 28,527,857 Б 17 1 61 36,317,639,725 38,887,568 1 07 2 09 2,230,947,173 18,899,268 8 47 4,7.9,481, 157 24,441,829 *Including all other amounts collected or disbursed, and the losses thereon. 46 1. In cases where the accounts of officers embraced more than one period, the losses, unless known to have occurred in other periods, have been charged to the periods in which the accounts were opened in this Department. In cases of defaulting banks, however, for want of other information, the losses have been charged to the periods in which they are reported on the books, though, doubtless, in several instances, they actually occurred in previous periods. 2. No deductions have been made for amounts which may be collected hereafter, though a large percentage of the recent losses will doubtless be yet recovered. 3. In preparing this statement, the receipts and disbursements since June 30 1843, have been classified by fiscal years, as in the published official reports; the losses have in all cases been classified by calendar years it not being practicable to separate the losses occurring in the fractional years of each period; but the periods compared being of the same length, the result is substantially correct. 4. In making this revision no credits have been allowed for moneys collected on balances due previous to 1869, being small in amount, and the period of credit ascertainable only with much labor. No. 10.-Public Debt Analysis, from July 1, 1856, to July 1, 1880. 78,853,487 137,742,617 1865-Aug. 31. 150,977,697 1866-July 1.. 146,068,196 1867.. 416,335 455,437,271 1,815,784,370 106,332,093 1,709,452,277 34,046,000 50 21 41,854,148 473,048 411,767,456 1,119,772,138 8,421,401 1,111,350,737 33,365,000 33 31 1 25 1864. 2 32 1865. 1868.. 1869. 1870. 1871. 1872. 1873.. 1874.. 1875. 1876. 1877 1878. 1879. 1880.. 3 48 3.32 3 08 2 83 2 56 235 2 31 2 19 2 10 2.00 197 1 69 1 56 1,245,771 1,503,020 935,092 138,892,451 1,840,615 128,459,598 1,197,340 125,523,998 5,260,181 118,784,960 3,708,641 111,949,330 1,948,902 103,988,463 7,926,797 98,049,804 51,929,710 98,796,004 3,216,590 96,855,690 11,425,820 95,104,269 3,902,420 93,160,643 16,648,860 94,654,472 5,594,560 83,773,778 37,015,630 79,633,981 7,621,455 60 46 458,090,180 2,680,647,869 5,832,012 2,674,815,856 34,748,000 76 98 NOTE 1.-The annual interest charge is computed upon the amount of outstanding principal at the close of the fiscal year, and is exclusive of interest charge on Pacific Railway bonds. NOTE 2.-The statement of population for 1860 and 1870 is by enumeration, and for other years from estimates prepared by Professor E. B. Elliott, of this Department. NOTE 3.-The figures for July 1, 1879, were made up, assuming pending funding operations to have been completed. NOTE 4.-The Temporary Loan, per act of July 11, 1862, is included in the 4 per cents. from 1862 to 1863, inclusive, with the exception of the amount outstanding for August 31, 1885, this being the date at which the public debt reached its highest point. This loan bore interest from 4 per cent. to 6 per cent., and was redeemable on ten days' notice after thirty days; but being constantly changing, it has been considered more equitable to include the whole amount outstanding as bearing 4 per cent. interest on an average for the year. No. 11.-Statement of the Public Debt of the United States. Bonds issued to the Pacific Railway Companies, Interest payable by the United States. (All 6 per cent. 30-year Bonds.) $17,603,221 00 Balance of in. terest paid by the United States. The foregoing is a correct statement of the Public Debt, as appears from the books and Treasurer's Returns in the Treasury department at the close of business, August 31, 1880. H. F. FRENCH, Acting Secretary of the Treasury. CHAPTER XXVI, ADDENDA. The U. S. Supreme Court Threatened-Senator Edmunds' Letter on Rebel Claims. PART I. Attempt of the Brigadiers to Hancock's election. The Democrat article cited the In the House of Representatives, on January 26, 1880, Mr. Manning, by unanimous consent, introduced the following bill (H. R. 3,848), to reorganize the Supreme Court of the United States: "Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the number of justices of the Supreme Court of the United States shall be, and it is hereby increased to twenty-one, and that twelve associate justices additional to those now constituting that court, be appointed by the President of the United States, by and with the advice and consent of the Senate." PART II. Rebel Claims-Senator Edmunds' Letter-They are not barred by the Constitution. BURLINGTON, Vt., Aug. 30, 1880. "DEAR SIR: Yours of the 18th came just as I was going out of town. I fear the Editor of the Grand Rapids Democrat is not very hungry to find out exactly what the 4th section of XIVth Amendment covers in point of law. The Rebel claims referred to are not claims of rebels for aiding the rebellion, but for property, thousands of millions, taken or destroyed by armies amounting altogether to hundreds and probably of the United States, and therefore the moment the test of loyalty of any claimant is repealed the claim of the Rebel stands exactly like the claim of any other citizen against the Government on account of its action, and not on account of the action of the rebel authorities. "The Democrats in Congress have tried time after time to repeal the distinction in respect of claims of loyal and disloyal persons, and they have bills now Ipending in the Senate to effect that object, and they will effect it by a solid or nearly solid Democratic vote the moment they get possession of all the departments of the Government. "As to rebel pensions, the Editor of the Democrat, if he will reflect a little, will, I am sure, agree that a pension does not in any case fall within the description of any debt or obligation.' and if so, it is not within the prohibition of XIVth Amendment. pension is and always has been granted upon the A The Mason (Mich.) News of September 9, ground or bounty of gratitude and not of legal obli1880, says: In the Grand Rapids Weekly Democrat, of August 15, appeared a review of a recent speech of Senator Edmunds, of Vermont, in which the Senator spoke strongly of the danger of the allowance of Rebel claims, amounting to millions of dollars, in case of gation. It is perfectly clear, therefore, that the Con- |