The Marietta journal. [volume] (Marietta, Ga.) 1866-1909, 1897-04-29
: MATloNAl CRED|

- various N4tiEns Are 4zei
Among the nations of
Which are id the inarket rs
ers Of money pom Bonds
stands first, paying an fs1
about 2 ~ per cent on It's
securities The reason for "a
credit is twofoid There IS d
amount of idleand uninvestel
.ey in England than in any
country of the world, and add
al security for the debt of
Britain is furnished 1.-THE enor
colonial possessions and CONNIE
rights acquired by the Br
crown. The prevailing rate Of j
est on all loans is less in Eng
than elsewhere, and the effect
this plethora of money are shd
in the low rate of interest at win
the English governments ~ able
borrow money. The tot debt
Great Britain is about 81, BOO, GOD
900, or at the rate of about $50 -
capita in the three kingdg
England, Ireland and Scotia e.
Second on the list of counf les
respect to the low rate of interest d
which government loans are mad'
II he United States, which, witt
an outstanding interest bearing deb
of about 5000, 900, coo, pays the equiv
alent of about 2 "a per cent. Til
debt per capita of the United State
is about SIS, an amount material,
smaller than the average of tn
debt of Great Britain, butrepresent
ing only the federal obligations
the several states, counties and mu
inequalities having debts of thei
own to much larger amount collect
lively than the fedefal debt.
The financial credit of the king
dom of Holland is very nearly a
good as that of the United States
though the debt per capita of tn
Dutch kingdom is nearly 500
France follows fourth on the list,
position due to the enormous amour
of national debt, which is nearl,
s., 500, 100000, at the rate of abou
$120 per capita. Money brings il
commercial investment "a highe
rate, of interest in France than il
England, and the French loans ar
made subject to this condition. TIL
8 per cent French government bond
sell at about 1O1, which is equiva
lent to nearly 3 per cent on an in
vestment. Those of the kingdom O
Sweden and of the kingdom of Bel
GUM are quoted nearly as high
though the governmental debt O
Sweden is Si3 per capita, and tina
of BELGIUM is sos. The government
obligations of the kingdom of Nor
way, country which has but s
debt per capita, pay somewhat NOR,
than 3 per cent, and next follow, il
the estimation of investors, the gov
eminent loans of Germany-impe
rial loan--which pay about IA pei
cent. Each of the German states hal
its own bonds, and there are German
government bonds in addition. The
Prussian bonds pay a fraction more
than those issued by the German
government, and then follow in or
der those of Austria, Russia ant
Hungary.
This may be said to exhaust the
list of nations which are regarded
as thoroughly solvent by disinter
ested investors. The per cent
bonds of Italy sell at IS cents on the
dollar. The Turkish 5 per cent
bonds, protected by the lien of Gus
toms receipts, Sell at So. Mexican
per cent bonds sell at 96 and Span
ish 4per cent bonds at SO. The bond
ed debt of Portugal is not held il
high estimation, its per cent bonds
being sold for about 20 cents on tn,
dollar, while the A per cent bonds
of Greece sell no higher. China's
per cent bonds bring par, and tn,
Bulgarian 6 per cents sell at co.
New York Sun.