, 1881-07-12
DISTRIBUTION OF THE GOVERNMENT
0EBT

DISTRIBUTION OF THE GOVERNMENT
L DEBr. :.
Some apprehension llas been expressed nj
tho revelations u'ade by 1lr. X. +. Porter,
Special Agent Of tic Census Bureau, IN re-
gard to tho distribution Of tho National debt.
rhls gentleman Tins nsccrtaincd from llIs ill-
vcstiyations that out OF SOL 0oo, 400 regtstercd
bonds tho sum ut S4l0,a7o, 400 Is held In
amounts Of over $50, coo, and Only s7,a55,0oo
1n amounts Of less than $500; also, tint the
distribution Of the amounts less thnn $500 ts
nlnvug 25.0t1 pursons, willis tic larger
amount stated Is huId By only LEO ricl, mon
antl corporations. This fact is Spokcn of BY
Drt1ssrrct's and 0thor Journals as "start-
ling y a.tl us II "nlntter for rcHectfont Tie
intlmation Is tllat, IT the repudiatlol,ists or
Communists shall ever nuke any headway In
this country. they will liltl n strong basis for
apprn'lng to popular passions and preja-
tltces III tlle fnct that tho great bulk
Of tho debt Is llehl by compar-
at!veIy small humber of wealthy nlon
and corporations. Thero aro reasons to
buIicve. lowuver, that any such uppre!teil-
sion IL entirely untnunlcd. 1t Is entirely
natural that Government debt bcnrIng 31f
Md por cent Interest sl,o,ild drift Into the
l,n,1tls OF few retired capitalists for tho ratc
Of Interest Is tou low to attract popular and
permanent Investment among nj Gnterprts-
Ing pcUr!u md lit n country full of oppor-
tnhtties tur more profitable Investments. But
there Is no danger Tint either Communism or
repsillatlOn viii grow 10 any alarming ex-
tent SO lOi,E ns my rest!ge Of tho present G0y-
! GrliMGnt debt shall renlntll. It has bnun paid
oil, Is l'eliy paid oil, ind will continue to be
Until otf 81 rnptdly. md with such snail bur-
| DIN to tic leDpte, tllat It will never Ut any
stage excIto anything like popular antagoli-
isn't. Thu public debt Is tu-tlay ouy about
e15e-llaf what It was at tic close Of tlle Wnr.
| It Is tic opinion of Ex-Secretary McCuiloc
TINT tic agtual debt, including obligations
md contracts which were subsequently
llquidnsed out Of the Treasury funds with
out g0lns Into bonds, WAS NJ one tlnle not
less than $4,000, 100000. 1t Is now only
$22,o00, 10000 Dut tlle burden of tho
debt Inns been decreased III still greater
proportion. III 1Sio abotlt J3 millions Of pet,-
pie were paying something like sl5o, ,o0o. COO
atn,taly for interest on the public debt; To-
ttny Rbunt 51 millions nrc paying only sei,-
100000 OF interest III ether words, at tho
close Of the War, The Inlercst.ctnrgu amount.
| =" ;" "Do"' s''ov pe1 CAPITA, "Iuo u INV
Itself hus 1,scn r,.d,,ce,1 onn.h,,f md tno
'''Sti ""a peeA !c""ceu o'te.n''1t, "htt lae
nsr eS1sys ~ as Gst 1eaeea
ousm ssen SHOWING % Is .no strongest pos''olo
oas,"tr f.. ,,.1 .,"''s.. .' 49, ] ~"
counts tor the present unparalleled credit OF
tic Government and the universal confidence
| ~ h1o!'ps''enuats All tl'e WoFhu oScf. &c.
rt. -, = -. 1.-
s'"e s%" .aos'R" .ns a.ss.ca" aep. ps 'lotn the
shape Oh popular loan. IL Is rapidly ass'n'.
!hg tho shs'pe OF ha11yo lon'l, ana In tho
latter respect appeals TO tho selfish interest
rs well rs tho patriotism of tho American
! pcoplo I,euuffint;nn ia ma of tho ,louuars
lint h,vu 1,nan Inft hnh,,, Il, .ho ,-,,.r.e. -
frn. .'.,a.,,...,. "',n ~ Wv puk.ss ~
1A1o so'cthulol4t wv tno AtleilcNu contlhe'1l'
-;-0-s-~--@ =;
lie attsSlhsipl1 nlser commission held n
W. '!o H. nS',,,ars ,.st9g ~ 5fo ~ =;
| Wcre nrlsenr cxnnnt nra--vy :; fin n 4 iii
,nnru. Ten. G. u. Conls!ouk, Uiiod States Army:
alnl suffer. 1t IT,: Louis: \: Z: 6larrotl. ut Now
,,a n.es!s; Il; JMuHa InyIoF, az Fofl wayne; Mr,
sunt msn,i,er w',s l1an 11n,ss Il Es,s 1A3 III
last meeting tho DUnfI deoltlcd tu Treulye OF.
! fcrw ot' burgess. fur stone and sieam tugs,
nna @ tno nfinu'f,a! n!lslnrse 1T ycstnray's meot-
foTs wcTc ~ 'nadn ''nr hwotc ceg. ap VIZ @ !ow 9I
slons sbolng Nbto 10 prnei,ru only a tuw sccund-
hAi.fbArgea viii! build nenty MEl Of tho number
nususaTsofne ,s' ,,: eghty Or NINETY. Fn,lr nr hyo
WIZ ~ f. nrltsrs ~ ~ ~. gut Tor Eao
leycu work to 10 ,spo viz also coisII"rr;, II n
general way. Tho appropriation I,atle by Con.
grcss T. siyooo must Of which vi! bu expanded
tsairn IT T aMn .nIIFMg tno !oseGa 9eaow
phte, aua Luke Providence, III these points the
!osecs wy 10 !ovotsd for abt,!it tweire or NJ
ov"cs wsf M, p,Mess nnheeht eagcain
tross Tn ia" i"vs VIZ, ni,,sn ill.,, u."a.s s H's nA
| Fon I,,t,c