The Camden weekly journal. [volume] (Camden, South-Carolina) 1853-1861, 1855-03-06
Ho w Muc n this Country Owes. =

r. isxa itrp,rij..' boast OF Arne ridahs that their
fGoeertsnent rs 'alrnpst the'l0iny one in the civ
irfzed World; which is not deeply plunged in
debit. ;Sb far this. boast relates rs the Uhf-
ted States, IN its. federal capGcity, it is well
fi,dlrled. but so far As it rcEttos td the une
and thirvoit CONFERENCE.-The. .,utS which the
.natioHis eslh hP"srd, + Is 'an absolute absinhhy,
sisce ehe' ma aIority 'of these latter arc deeply
IF net ."inexttiGahly so frcqnenlT' fiat 1t rs
worth while 70 devote a fewsmouenls to SHOW;
ing it's folly" -
fu EnsI;tnd, Frfuce, Austria and aft other
consolidated NATIONS ,tlere is hutpne excheguer
tomeet every ~aht of G0vernqIept: There is,
consequently, rnlt one natioaldsbt Whrm.%e
say that Great Britain: owes nerIy eight huh.
dred nionsbf pounds, or four thousand MIL
Mons of dollars; the~who story Is toIt But
If we should assert that the entire debt Of the
Uuited States was less than sixty millions: we
should be apt to ni>iead.tlie reader. For the
Federal Government. which is wbatais hchIi.
cally meant. by the term pTited States, hay
ing only circunscrtet powers, is MT and ne
YER can he, made liable for the principal Share
Of ths.expeliSes. Of maintaining order dnd' dis
penSinglaw among the petnia ut 'lafeg;- most
Of this bordeu falling upon The separate Irm
hers Of the Crnfederacy. 80 give cUrrect
idea 'nf the real Indebtedness of the nation,
| therefnIr, WE ulus,' include tho debts of the
several States. n, - .'.'''. - =
Now, thu total Indebtedness If the vaTrious
cemmrnw attls Is aiiuuC two hundred and
twenty oile ,nlion, of dollars, divided arung
twenty seven States fous being 81 ftirtunatt as
to o~ e ruahfng, viz: New ffaispshfre, 'Vrr.
mont, Delaware and Florida. OF these twrn.
ts seveu, the tleh,s Of seven sae under ,Inits
! hon apiece MaryIanh, rexas; Illinois, Ohio,
| Virginia, New York and Pennsylvania are the
States most deeply'in debt. "rhe largest abso:
lutte deht;is that IF Pennsylvania which is uve,
forty ni5Ai6ns; the >ruaiest1is- that of NeN.
Jersey. which i bnf seventy Thousand. -.
: The heaviest 'dvb in -pt"pn. tioif to that OF
the poptaati,nl, is the debt "f Msnyhnl Shtch
, exceeds tfrer,, millions in a population Of five
bundpetl and eighty tw" thousant,- bond and
free. ? The debt Of Virginia, thodgh but little
ereater.nuInerfally' y than that of New York -
t4re one being tweuty six millions, and the 9th.
er twenty four-is' 'morethan twice as heavy
retati veiy, the population being less than half,
while the general resources Of the State are
greatly Interior Fhe entire detitof the natioi,
estimating the federal debt as well asthat ei
the States, exceeds two hundred and seventy
five millions of dollars. =. @i.;'.S. ;'..' 81
But this sill fails to give an accurate idea
of the Indebtedness Of our. country. In EH.
rope, if we except England, moseof thepubli.
works are constructed by the Government, SO
that tho natinnai debt includes the cost Of the
principal railroads, canals and turnpikes. But
in the United Suites, with the exception Of
the Pennsylvania Works, and those of a~few
other co,nno eaIihs, all such improvements
are owned by private corporations. Now the
aggregate cost of the principal Of these works