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Organization of the debt
Old debt contracted before the rebellion
41 other sections not shown
accumulation amount annual balance British capital cause certiﬁcates circulation coin commerce consequences cost coupon bonds currency deposits disbursement economy ending June England exchange expenditure ﬁeld ﬁnally ﬁnance ﬁnancial system ﬁnd ﬁrst ﬁve per cent Five-twenties ﬁxed ﬂow ﬂuctuation funds gold hundred million increase Independent Treasury industry inﬂation inﬂuence injury investment issue June 30 legal tenders less liquidation loans mass McCulloch ment million of dollars National Banks national debt natural necessity oﬁicers oﬂice oﬂicial organization payable pounds sterling present productive labors proﬁts promissory note proportion public bonds public credit public debt rate of interest redeem redemption reduced reﬂected refunding rency Report revenue scale scientiﬁc Secretary securities Sir Morton Sir Morton Peto six per cent specie payments suﬁicient term theory tion trade Treasury Department Treasury notes United States notes whole yearly taxation