Cheyenne transporter. [volume] (Darlington, Indian Terr.) 1879-1886, 1884-09-30
THE WORLDS DEBT.
An Aggregate sum of $27 7,155.O0O, O,OOO-How
the Money Was Employed.

the Money Was Employed.
Few of the members of the British
association are better known by name
in the United States than Michael u.
Mulhall, the statistician. Mr.. Mulhall
is the author of three of the most pop
ular books on statistics yet printed in
any -"Balance-Sheet of the
World" Progress of Nations" and
the Statistical Dictionary" His
Statistical Dictionary" is the first
work of the kind ever published.
Nearly all other branches of science
have their dictionaries, but statistical
science had none until Mr.. Mulhall
filled the want. In appearance Mr..
Mulhall is strikingly like Gen. Grant,
as we knew the latter fifteen years
ago. Mr. Mulhall has been great
traveller. He founded the first English
newspaper in South America, at
Buenos Ayres, The Standard, more
than twenty years ago, and he ana his
brother are the present owners. There
are few parts of the world that he is
not familiar with, though this is his
first visit to the United States.
Mr.. Mulhall is accompanied by his
wife, lady well known in the literary
world of London as brilliant CONVEX
sationalist and the author of Between
the Amazon and the Andes" an ex-
ceedingly clever book of travel in
South America. She penetrated re-
gions hitherto unexplored by a woman.
Mrs. Mulhall is woman of noble pres
ence, with stronely-cut, expressive
features, and nely-shaped head.
In a conversation with the great sta
tistician, The Press representative in
quired what particular branch of eco
nomics he was. Investigating at the pres
ent time.
81 have recently responded Mr..
Mulhall, ''been making close study
of the debts of nations from the treaty
of Utrecht in 1713 to the present
time"
''What.ha been the increase since
thenp"
"The total national debt of the
world, not estimating local debts of
any kind, in 1913 was $685., 100000; in
1868 they had risen to 81, ,415, 900, 900;
in 1898 to $2,S45, ,000,000; in 1916 to
$7, 1876, 100000 in 1S4S to $S, 245, ,0OO,-
600; in 1870 to $1e, $50, ,OOO,OOO, and
in 1884 find they had reached the ap-
FALLING aggregate of $27, ,155, 100000" !"
1.-The increase, then, has been
D, eater of recent yearsp"
"Yes. From the treaty of Utrecht
till the French revolution, a period of
piol lty years, the debts of nations rose
80 50.000,0 ,000,-that is, almost $780,
OOO.l 400 a year. During the ensuing
TWEEN ty-two years, down to the battle
of Wa terloo, there was rise of S4, 340,-
OOO. .OO }, or nearly $200,000,O 900 per
annum. From Waterloo down to the
present the increase has been 500, ,000,-
6OO 600 or almost $300,000,000 year
"How, vii this piling up of debts
endP"
"At this rate the amount of public
debts in 19C o will be considerably over
S35 OOO. 600, 300. l do not, however,
see anv reaso for alarm. 1t must be
horne In mind that since 1S4S the in
crease of veal tn in Europe has been
four and one-l half times greater than
the Growth of d. ebt. If the debt goes
on iScreasino fr, I'm now till 1900 at the
rote of 5000 600 { 700 a year and public
wealth ST s.. 700. 600, 900, Europe will
be richer at the ehd OF the century
than at present.
"For what has uls immense debt
been expendedP"
..To some extent On wars, but the
sum | have mention, 'd by no means
renresonts the cost of he wars, which
was in n great measur oeirayeu out
of revenue. For examp lie, 1t Will be
foupd that from 1913 to 1919 British
wars cost So, $50, 900, 900, o. which our
ancestors paid ~, 62O, 100000 y ana drew
on posterity for the rema- %aer' rr I'D Ia