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The War with Mexico, Volume 2 (of 2)

Note 26 — XXXIII THE FINANCES OF THE WAR 1846–1848

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(Webster) Wash. Union, Dec. 11, 1846; Niles, Jan. 9, 1847, p. 303. Cong. Globe, 30, 1, p. 912 (Stephens). The national debt, Oct. 1, 1845, was $17,075,446 (Walker, report, Dec. 3, 1845). July 6, 1848, Polk gave it as $65,778,450 including the bonds and treasury notes still available for issue (Richardson, Messages, iv, 591). Walker’s report, Dec. 9, 1848, gave the increase of the national debt over that of March 4, 1845, as $48,036,151.

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