The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1903-04-21
"BRITAIN'S ENORMOUS DEBIT
TONAL DEBT, BUT AS IT STATES TO HER LIABLE
T1ES-THERE DOES NOT SEEM ANY OBSCURITY IN
THE MESSAGE.

Yesterdays cable concerning Btains liabilities have
accd great deal attention and aroused considerable
cable Great Ban national debt and that therefore either the
cable that the afternoon papers have in way mn
clear would seem that the cable probably and that the only
construed the cable eight hundred million pounds the Bulletin
The cable as it was received by each of these papers is as follows:
London Britain's liabilities 800 Billions"
This construed by the Star and published as follows
LONDON April 2o-A statement issued today shows that Great
Brtans liabilities amount to eight hundred billion dollars
BRITAIN's ENORMOUS DEBT.
The Bulletin construed published t follows:
LONDON England, April 2o-A statement given today in the
House Of Commons shows Brtains liabilities
e8OooooOooOoo
The heading used by the Bulletin was
BRITAIN'S BIG DEBT.
The Star supplied the word dollars because rule the Associated
Press in its cables reduces OF the value in dollars
matter what the denomination OF account may be IN the country to
which relates Thus Great Britain, pounds sterling the dnom
alton OF account IN France francs IN Germany marks in China taes
Japan yen But to avoid using these words IN cable messages add
ing unnecessary the Associated Press rule reduces all
dollars, leaving word be supplied uniformity.
The Bulletin supplied the character represent pounds seng
doubtless because Great Britain OF computed in
But the real point that neither in the cable itself the
STRUNG Oft by the afternoon papers stated that this Great Brit
naturally include private well as public debts.
The probabilities that this cable chronicles statement publicly
made OF the public and private debts OF Great Britain such
commercial agencies like Badsreet Dun might make The
out the world
Yet when cody considered appalling disqueng
ratio money circulation this total OF liability has no bearing
the subject To very large these liabilities balance each other
the process liquidation would he and simply
cancellation
Eight hundred billion dollars enormous as is is probably not an
In the United States the national debt practically
billion the aggregate debts OF 68 American cities billion dol
lars The capital the banks which financial
is counted liability about teequarerS of billion dollars The
companies have another billion the railroads
easily billion the telegraph and telephone companies another billion
Add farm and other mortgages school
works irrigation district and other municipal bonds the obga
the and other industrial enterprises and all other pub
Indebtedness and probable that the liabilities OF the
United States will figure up 500 billion dollars.
And yet $1,000 bill moving the right channel might
them all.
The national debt Of the United Kingdom OF Great Britain and Ire
given the Daily Almanac 1903 $3O6OO26o4
large Russia Frances and much
larger Ia To this however be added the British Indian
6O7o5 besides the debts OF other British colonies
which goes show that with the possible uncertainty
pounds instead OF dollars the cable mixed has
stated The only mixing from reading the cable
published something that neither OF the afternoon papers there
That the mixing from assuming that the cable stated that
Bran national debt 800 billions when the cable stated
afternoon papers published that her liabilities 300 bill
lions.