The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1875-12-09

......rr on NalIonnI BnnkrnpIey.

,,,1prUI NuNAVuhA ~ESNS
p'" s,tmlu EliubuRh,l
,be United States bankrupt
',,,,y no. be, Tor they have immense
'' '..,e. but il they go on increasing
.,irIrbl,dness rs they have done dur
w., .,,, pa.. iiye years they will almos
,,b,g ind themselves involved in
...t serious cmbarrassmentS. Tn,
.r,ldebt iorsome years past has beer
al.'I I'ts decreased, until it now represents
''''' , very formidable aggregate o.
Ag .,g,.10pl in round numbers-a de-
-i,h 4 about Eil 100000 in tive years
,Jt'l,tiIr ,his decrease has been going on
wv s 'r county, and municipal debt:
y. ,,p increased to an almost incredi.
a .,,,rr,, The whole debt OF the United
. !, Al the present moment, as nearly
s'| ,,,n he a.tertained, amounts to about
.w0mO-that il, national debt,
,,,.oot0. municipal debts, Gl50,O0O,,
>,,te debts, E76,OO0,000; and county
G gg,UJOOOO. The interest on the ma.
l'r, AK including that paid on the Pa.
l.., ,,iIway bonds, is E9O,000,00O, and on
~. municipal State and county debts, Els
''e"~I-.e that for interest on debt alone
,merican national and local govern
W. ,,~ rranife 3y,2OO0OO yearly from
. a.I, proplc. a comparison will best
t %s" ia,o view the enormous character Of
y"7 harlem, For interest on our own
W, ,.,,,ior,l icbt we pay G27 100000 a year,
, r',c olr local indebtncss-amou uniting,
'|", ,linr ia the report Of the Local Gov.
.."rnt Board to G72,005, GOj-bears Il
'' .,,iy iotrrc,, Of about e3,OO0,000. Thus
~, , Americans, for the same purposes
Wv oor,rlyc., pay E30,OOO,0OO, while We
'r,,"oly cjO,6O6OOO; and yet we never
bE',,i gar one here express the opinion
, g' taxation Tor our debt was too
' '"i, There i, really little comparison
S,Is,p tho actual wealth OF Great
J P,iYin and that Of the United States the
ri, almost iucomparably richer, but
IL. Americans are bearing u burden for
i,,ete.t on debt alone heavier by 10000.
0pla scar than our own,
The hct that the local Indebtedness Of
,A,l'oipl States the county, municipal
SrIsne drbls-has increased by more
I,o lyg 100000 since 1870 throws much
G,a,upon the hitherto rather mysterious
,ss.rion Of the cause Of the present dc.
I,s.,cd condition Of trade and industry
IN tAe Republic. The actual amount Of
hi. Indebtedness in 1870 was Ss6S, G7G,.
"a and hi, has now increased to 81 ,33l,-
gpil- The State debts have increased
,bol, S3OOOOOOO and the municipal
is5,. about $llO,OOO,0O0. 1t is in the
~iu,, tha, the "ring.' have had full sway
there where the non.taxpnying voters
ol,rnnbcr the property'holders, the
practice Of voting appropriations for
ppbIic works, and OF spending large sums
lpon improvements, has been carried on
timo.t without limit. The city Of New
York, with population Of less than one
million. has a debt Of G3l,5l5,67s, while
London has debt Of only 5,lsl,60O.
Baltimore and Boston, the first with
!5;3jI people, and the second with
4 population Of 2jO,j2G, each have
debit much larger than that Of Lon.
Don. New York, Philadelphia, Boston,
Brooklyn, Baltimore, Washington, New
Orleans, II. Louis, Chicago, Cincinnati,
Jef.cy CITY, Louisville, Newark, PrOvi.
,Ience, Pittsburgh, Cleveland, Portland,
Charleston, Memphis, Savannah, San
Francisco, Albany, Mobile, Milwaukee.
Detroit, Bangor, Augusta, 81. Joseph, In.
dinapOIis, st. Paul, Iynchburg and Co.
nmbis-lhc thirty.twO principal cities
in the United States, with y population
Of lS3j,7O6-hayc II debt El0j, l2G,5ij,
while London, Liverpool, Manchester,
l.ccl., bradford, Bristol, Halifax, Boil.
ton, Brighton, Birmingham, Oldham, Sal.
fond, RochdaIc, lluddcrslicld, Wolvcr.
hamton, Preston Newcastle, Blackburn,
Ashton, Sunderland and SwnnsOn--the
twenty one principal English cities, with
a population Of G,3Sj, l73-haye debts Of
oply e!9,lI2,139, less by E9,lS2,0lS than
thcdcbtoi New York city alone. These
facts are staggering, but AZ We have said,
they carry their lesson with them.
The imperial revenue Of Great Britain
is about C1j,gG6OOO, and the amount
raised Nv taxation for local purposes Is
about Ggi,lSt,OOO, 40 that the whole cost
Of governing the country, with what our
American friends regard as orr expensive
Injuries Of 4 monarchy, Is El03, $4,000.
But the revenue Of the Federal Govern.
nent Of the United States Is Coz ,S0j,75
and the amount raised by taxation for
local purpose, il about E7l,000,000, 40
that the whole cost of the "sclf.govern.
ment' Of the Americans Is nearly Gl20,.
10000, We have an efficient army and
nlyy-thC Americans have neither; We
have our colonies and our great Eastern
Empire, while the United States have no
colony; and still We get along with tOler.
able comfort by the expenditure Of E25,.
wOOOO a year lCss than the Republic
costs. Local government" in the United
>tlic' costs in taxes and debt E7600O 900
year aud the whole revenue OF the
British Empire is not 80 large n sum.
An American writer, to whom we are in.
tRktnl f,r ala, f,.I. Ala. - f..I, .a,,.