Page:Oregon Historical Quarterly volume 11.djvu/440

 410 F. G. Young A statistical abstract of this "Modoc War Bonds" issue is given herewith : MODOC WAR BONDS Authorized October 22, 1874 Date of Report Debt at Opening of Period Debt Reduction During Period Interest Payments During Period Toal Payments 1876 1878 1880 1882 1884 1886 1888 130,991.301 132,858.762 132,921.003 632.904 338.185 203.416 132,288.10 294.72 134.77 10,632.901 21,794.402 15,670.863 14,127.78 142.38 10,632.90 21,794.40 15,670.86 146,415.884 437.105 134.77 (/) Treasurer's Report, 1876, pp. 89-90, 121. (2) Treasurer's Report, 1878, pp. i27-8,_ 174. n (j) Treasurer's Report, 1880, pp. 72, viii. (4) Treasurer's Report, 1882, pp. 72, 8. (5) Treasurer's Report, 1885, pp. 99, 10. (6) Treasurer's Report, 1887, pp. 10, 161. From this on a Modoc War Bond is listed among "Unclaimed Bonds." It is in favor of Charles Sherlock. War- rant is filed with bond. Face of bond, $75.90; interest coupons, $27.52; interest on bond, $10.05. "Modoc War Bonds Outstanding" remained $203.41 until 1895, when item was raised to $317.75 without explanation. On Sept. 26, 1895, Frank O'Hara was paid on a Modoc War Bond, principal $13.85, interest $10.69; total $24.34. On August 5, 1897, John Ingram was paid on a Modoc War Bond $118.25. These payments did not affect size of "outstanding bonds" item. However, in 1901 report, without any payments on bonds given, the amount outstanding was reduced to principal, $103.84; interest, $11.48. Indian War Bonds. Again in 1878, because of trouble with various tribes of Indians east of the Cascade Mountains during the years 1877 and 1878, sums were due volunteers that had been called into the service of the state and to others for supplies needed to carry on the campaigns. The legislature had recourse to the customary procedure for satisfying the claimants. An issue of bonds was authorized, "payable at the option of the state on or before the first day of January, 1890, with interest thereon at the rate of seven per cent per annum, payable semi- annually . . " 1 1 General Laws, 1878, pp. 33-36.