Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-05-24

evidently epprehen nd nothing very serious rom le
occnyrences in Maine for we stated the Gay
Yesterday there have been scarcely saies ,est
rere in possession of the news on thssuoeec, tsh,
misconcepon also preyai,s % 70 te snd ,he ex
,e,t NJ tLe stccks Held hete Hheh u WI! Peihap'' @
;tnbottsnt 10 remove at this thohent IL nus Oes
nca,edly stated that these debts exceed ~ ,he
coe The amount Of the American nauenai ueo 20
Gus 10 its liquidation, but 1t will De iounu, ~ soiE Tho
n any statistical work America, thnt 10 ,o 5on
national debt al its height, beifg men o. dg
600 or about $500 GOOl und The dfo' on soo onn
en-, States collectively now amounts 10 oiSo.oooi'
~ obou, q 100000 In 1916, moreover, lhe poPu'a
H., oc Tho Limited States was only 8,000OOO but no"
/, il estimated al upwards Of lGGOO,UUU, which nv.
eary makes very material difference 10 .He deh,
The present debt compared Win tLe nauo 49,
of tina, period; while in 1910 .ne IssS The eron ex
was under 500 600 bales, whereas IN 1902 M nop oco
ceeded GOO 900 bales, being in value apouI o.
sterling In 1885 The national debt was many
and therefore il is only fall 10 argue that 'e w..
S,,,es could exlinguish EGG ,OOUO0U IN y years. "r.
,ow,b in wealth and population since that pe"a oueht
70 h, guarantee for the loans subsequently iaseu Wy
tho individual States. The natlona deo' "'s "o"o
r tho cxpense of war, and was dead loss 20 e eou
,rv bu the money borrowed by Inc InniVidua oIales
y ,,oductve purposes such canals railroads. oahRs
e. ,Ie revenues Of which specially Plcdgeo ~ no.
don 10 the faith and general resources OF Inc o'aee
These are facts from which The PuoIIc can ofa" ei'
own conclusions ;, ,s, 10
\
borpe in mind present the same solid security out me
investments in this country have chieny oeth III 'e
better descriptions As regards the saie OF Ahei.dn
securities il must also be Iecosccd mat tne ohsa
States are VIGOROUSLY good customers OF 'hls county
their imports from Europe even now very cohsiueiaGy
exceed the value of their exports and The balance p
cpay is paid for through the sale here, IN iioiaho'
France &c Of their public stocks; that we ha,e en-
interest in fact, in the successful inr"oucuoh u ~
rican acc ures into The European markets. nnd TINS 10
poin, well understood in rianulaciuripg dssriets'
where these stocks held in large amounts i',
however which we shall venture TO recommend -, a'
the public should examine into the character anu 20.
iect for which each Of these State stocks especVey
have been created and not allow themselves 10 De alarm
ed or led away by statements which constantly oppaa
without any foundation whatever. VI the SiSo'IVo,'
OO0 the present debt Of The American Union co'iec
lively SIS 600 GOO is the proportion staed as set 'PI
for internal mrovement about $40 000Oo fof PANS
ing and The remainder for miscellaneous hbJects NC
debt Of these States, compared with the poPua,''
is about seven dollars, about guinea ana nan" "
/ each individual To make The matter more easily uh'
ders,ood, however, regards The debt we have ot'r
ed the accompanying statement 10 sho" 'he an'"u". =,
the liability of eac STATE, and the extent heio ~ ' Nv,
country II is taken chiefly from the reports oi l'e
Accountant. General and other public documents anu
does not include the amount OF public stocks shafes
&C. bu, in specifying The sums held III England we n
clude the stocks placed here security Tor loans "c
are 10 some extent The hole or the greater part OF e
Kentucky and Tennessee debts we believe rs SO cePo
siled, although We have reckoned them amongst t"s
quantity held as investments The amount III Eneiahu
ii will be seen is about ETA 00OO00 s!erlng or 1a1is
more than half The whole debt: