The daily Cairo bulletin. (Cairo, Ill.) 1878-1???, 1884-12-09
The Worlds Debt.

| u
lar books on stat sites yet printed in
any language italian ,e-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 striking
" like General Grant, as we knew the
latter fifteen years ago. Mr., Mulhall
has been a great traveller He founded
the first English newspaper in South
America, at Bucnos Ayres, the Stand-
ard, more than twenty years ago, and
he and his brother are the pres
eIt owners. There are few parts OF
the wo Id that he is not familiar with,
though this is his first visit to the United
States.
Mr.. Mulhall is accompanied by his
wife, lady wel-known in the literary
world of London as a brilliant CONVEX
sationalist and the author of Between
the ANA on and the Andes" an eX-
ceedingly clever book of trayelin South
America. She penetrated regions
hitherto uneXplored by woman Mrs.
Mulhall is woman OF noble presence,
with strongly-cut expressive features,
and linely-shaped head.
In a conversation with the great sta
tstician, the Press representative in
CURED what particular branch of eco
Monies he was investigating at the
present time.
81 have recently" responded, Mr..
Mulhall "been making a close study
of the debts of nations from the eaty
of Utrecht in l7l3 to the present
time
"Nhat has been the increase since
then 7"
The total national debt of the world
not estimating local debts OF any sind,
in l7l3 was $500, 0O0,000 in LOS they
had risen to ~, 41j, 0O0,000; in 1898 to
S2,S45, 100000; in 1916 to SIl7j, 900,
600; in 1913 to IS. "a 100000; in 1870
to $40, 10000, 900, and IN 1884 | ind
they had reached the appalling aggre-
gate OF 81, 10 10000.
"The increase, then, has been greater
| OF recent years.
Eyes. from the treaty of Utrecht
till the French revolution, q period OF
eighty years, the debts of nations rose
| 1920, 1000, UO0-that is, almost so,
00J,0J0 year During the ensuing
twenty-five years down TO the battle OF
Waterloo, there was rise of II, j4O.-
100000, or nearly $500, 600, 00O per
annum. From Waterloo down to the
present time the increase has been So
0O),OJO,0O0, or almost 800, 200
yearly"
How will this piling up of debts
end?n
"At this rate the amount of public
debts IN 1900 will be considerably over
3d. 900, O00,0 900. | do not, however,
see any reason for alarm. 1t must be
borne in mind that since lS4S the in
crease OF wealth in Europe has been
four and one-half times greater than
the growth OF debt Ii the debt goes
ons reasn from now till 1900 at the
rate Of 5000 5000 year, and public
wealth -, 700, 0JO,O Cu, Europe will be
richer at the end Of the century than
at present.
"For what has this immense debt
been eXpended?'
"Io some extent on wars, but the
sum have mentioned by no means rep.
resents the cost of the wars, which was
in great measure betrayed out OF rev.
enue. For example, it will be found
that from l7l3 to 1919 British wars cost
-. $50 co., 900, Of which our ancestors
paid $3.50, C00,00 and drew on pos.
terity for thelremainder. In Ike manner
the Napoleonic wars cost france
sl,27j,OJ 900, and added only .JiO,.
00), 900 to the French deDt.
docs the same hold true in later
years."
"The year 1913 marks new cpo ii
in the economy Of naions the political
convulslons all over Europe, the intro.
| duction Of railways, the discovery OF
new gold fields the birth Of free trade,
moreover, the abolition Of seIf, in yari-
Gus countries, the invention Of electric
telegra his, the outflow OF cmigrants to
| America and the British colon es, the
spread of popular education aal cheap
newspapers all these circumstances,
occurring almost simu tancOusly gave a
grca' Impetus to human industry and
enterprise. rom 1873 10 lsS, the
debts have risenaImost $40 O,OJ 900.
or D. 10000 per annum, and the
money found employment as follows.
| PEACE