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Document Max. Freq Min. Freq
Harper's Encyclopedia of United States History (ed. Benson Lossing) 3 3 Browse Search
Southern Historical Society Papers, Volume 20. (ed. Reverend J. William Jones) 1 1 Browse Search
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Browsing named entities in Harper's Encyclopedia of United States History (ed. Benson Lossing). You can also browse the collection for June 30th, 1887 AD or search for June 30th, 1887 AD in all documents.

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Harper's Encyclopedia of United States History (ed. Benson Lossing), Cleveland, Grover 1837- (search)
requirement of the Sinking-fund Act, was $17,859,735.84; during the year ended June 30, 1886, such excess amounted to $49,405,545.20; and during the year ended June 30, 1887, it reached the sum of $55,567,849.54. The annual contributions to the sinkingfund during the three years above specified, amounting in the aggregate to $13 deducted from the surplus as stated, were made by calling in for that purpose outstanding 3 per cent. bonds of the government. During the six months prior to June 30, 1887, the surplus revenue had grown so large by repeated accumulations, and it was feared the withdrawal of this great sum of money needed by the people would so afhich were then payable at the option of the government. The precarious condition of financial affairs among the people still needing relief, immediately after June 30, 1887, the remainder of the 3 per cent. bonds then outstanding, amounting with principal and interest to the sum of $18,877,500, were called in and applied to the si