, 1875-11-01
UNITED STATES DEBTS.
Taxes In the United States nntl
Great I;ritnin.


Are tho Limited Hlntps bankrupt They may
not lie, for they havo Immense scsoHrccn but
IT They 10 on tr,crohuinK their tnlebtcincss ~
they liza vs tlone during sho past hvo yosrB, thoy
wil alnoat inevitably ind themselves inyolyeA
IN tho most scr!nus emberrAsstnchts. Tho Ma
tional debt for Aotnn years paat has been steadily
decreased. until It naw reproacnta tito not very
torinlabla nBRrcRats ut QUO in round
numbcrs-n 1ecrnAso cf about ell Don, ,000
In i've YcarB. 1;ut whi1o this decr1aso
has lsccn going on, tho State. county, aal
municipal dettB have bcan inere"sod to 1T,
almoAt incredible extent. Tho wto,o t1ohk Of
tLe Unitod States at the pI cEcnt moment, az
ncarly M il cau be Ascortainod. amounts 10 nhonl
,e7ls. s.op0 6u1-that is, National debt, .Et5i09o,-
tNU municipa. .lebtu, SlG2, ,D0o.0 .00U; 6tato debs,
-E7o, ,0u.UM'; and county tlobts. LJ;,oo0u30. Tho
interest III Tho National debt. incudtnH that
paid Oil tho rnctiiu nnlway bDntfn. IL IIh Gtib-
ron, md on tho municipal. Etate. and Cunnty
tlobss, LII GU. .00o-so that for intcrcat OH dnht
r'ont. require t13, 20o.mrn yearly frc,n tl:r,r
pcoFlr. x comparison wall bet bring into 'lrw
Tho enormous character Of thtR burden. For
interest on our nwn Rational debt wo 1ar about
!47 ,000, ,01 yoar, v,ito unr local indebtedness,
amounting, according 10 the report OF tho Lncnl
tiovaEnnont Duard 10 IL. .UUo, 0UV. bears year
iy into1ost Of nbnnt I3.bu0, Do3. Thus the A'uos-
lcans, ior tho aaino purposes Ri pnrpcsc~. lav
fo9 60o, ,000 Wlilo TIC pay on!v Ia0. GllG Gja; nInI
yet wo Eoscr heard any ono hero expires tho
opinion That our taxRti0n fur utlr debt waH too
light. There il really Ittlo comparison totvtcn
tho nctnai wealth Of Urcas f:rItan ail that OF
the United States tbs former IN alnlo6t inconl-
! pnrahly richer; but tho Americana nto henrns
burden. for interest oil titht alune, heavier by
I".g1g, 1}(l year than olr own.
Tho fact tllat tho local inleb.edneaa Of tho Unit
Cd Ststca-tho comfy. tnun;cina md Stale del BID
hns Increased Ly iuoro thau .EYt, t,cUa. .ttu sineo
jEfH n
inSetcroua question of tho cause Of tho present
Depressed condition Of trado altd ii'1uatry In tho
1scIHblic Tho actual amount Of this indebtes'-
ness III lS7o wns s.qos, ,G76:5s. end this ban nov
! hafo Increased about SS0, QUO, and tho n'n"
ncipal debts al>ot,t i44U,Ut0. .0o0. It III III tho
eitjos TINT tho "1'insH hayo l!a1 full array
there, whero tho ro.':taxpaylng voters nutnnn,-
ing appropriations for public works, md Of
spending largo bums npou improvements, has
been ct,!led OIL alu'oSs without limit; Iho City
OF Now York, with population or leas than
don has dobk Of only I5,lsl.7oo. yatimoro
mud boston, tho first with 287,J5t people, md
the SECOND with d population Of 2So 52f, each
taro debts much larger than Loudon. Sew
more. Washington. New Orleans, IT, Loui7,
Chicago, Cinclnnati. Jersey City, l4ousyille, Now
nrk Providence pittsburg. Cleveland. Portland.
Charleston, AlomrhiB, Savannah san Francisco,
Albany Mobile. Milwaukee. Detroit, Bangor, Alt
gnsta, ct. Joreph. 1ndianapolir, 1t. Paul. Lynch.
Burg, and Coumbua-ti,o thtrty-t~o nrinc,ral
citfeH In tho United S:atns, with population,
Of 4,835 7ec--haye a aobt OF .el05, la6, ,ai5
whiJo London, Liverpool ManchcHtor, Leeds,
irndfortt l,riHtol, Halifax, Bolton. Brighton,
birmingham, Oldham, saltord. Noch1ale, 1lua-
dcrsfleit, Nolyerhampton, Preston, Non caBt!c,
blackburn, Ashton Sunderland. and Swansea-
tho 81 principal Englisli ,c'lr-, with n popala'
hv So 1H3 III fi,,, Haf,t NJ EnH