Debts of Nations
jjiufposes? of ;fcomparison the \' Census has ; obtained statements of tlie public debt .of- most of the^njatipns of -the world, aircl is able to: show' tb© jhcresfee or /decrease in the last ten years in the case of the iriosfc Mrnpoftant "countries. In this comparison the United States make? an extremely favourable appearance ; ieyeri iffiationaly State, and county jAebts are all lumped together. The -■aggTfega|e indjebtedriess of the foreign nati"ons heard 'from, very nearly 1880 to 1890, while ;. :ti&€§| Jttte iJnited. State's was reduced •- inpre^than ohe-half. The strictly national. debt was reduced more than :-: pioi-ial^ :while\tb.at of the. States was somewhac dlminishod, and that of the ;.; eofrnties^ slightly. - ipftriased though I ipt'in'jpiipportion/ to the increase of pppjila'tipn; The ■• comparison of : pubJicjSciebtedness -per capita of the population is yery : favourable to the United States. In France it amounts "to- 116'35d01; in the Netherlands, 95'56dblsf in <sreat Britain^ 8779 dpl/r in c^iMy, - 76-06dol. In the United -States -the national debt^ 1 capita is 14'63d01. This does not includethe strictly local indebtedness of fv ■.tbT*^s'-aird > 'inximci joalitieW, but that is : --;- : ihT'iio i wise t rSp'res'entecl in the public '■: J[p|6 M fbMiig^ nations, and should ? not" Ye. included for ; the purpose of " comparisTon. The whole world seems to b:e%etty nearly 50.000,000,000401 in de^^^but. its.; assets are doubtless euScient to ke:ep it from the perils of tankruptcy for, some time to come. — NftW"York Times; ,
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https://paperspast.natlib.govt.nz/newspapers/FS18911017.2.23
Bibliographic details
Feilding Star, Volume XIII, Issue 47, 17 October 1891, Page 4
Word Count
231Debts of Nations Feilding Star, Volume XIII, Issue 47, 17 October 1891, Page 4
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