Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-11-20
DEBTS d NATIONS
SH()N BIG INCREASE.
NATIONAL INDEBTEDNESS OF
WORLD NOW AGGREGATES
s4aooo'poaooa
.ARossr NATIONAL pEsT
THAT or FRENCH REPUBLIC
euss,a u second, with United King
dem ,Thsst and ifaiys Fourth s.. Inc
AssAsdnsse slsNeariysAll Great ceun.
49, 1hevs.saarissd lnersase.i In Pat
pseads-lnssssssj Ratss Vary.
I Especial. corrsspondence.1 !,

washington. Now 1o-The national
1sbttof The rld.now esgregats:S4g =
100 .eo0,eoo.s having s1ncreased 2o+sper
cont Ia thsslast dec1deS and doubled In
the mt forty years. Ths-interest and
therAennual, charges amounted 81. 1872 :
20 $1s1.ooo,oo0. or an average Of
snshtlyl more thanTl per cent tho In
many cases, especially those Of the
stronger nations. the interest rates are
materially below that figure.
The above figures, compiled by the
bureau Of foreign and. domestic COM
merce, department Of commerce., for
publication In the 31a1s.volume Of the
etatistical abstract Of the United
5tatsa include tho indebtedness Of
svery country anu colony Of the world
Sor which figures are available from
official sources or, accepted authorities.
,Frahess1 Debt 10 Largest.
Thog1argest national debt IL that Of
France. s3e.2sl5ooo0 900: the next largest
being Rnasia, 1l;s53.0oo. 900: the United
Kingdom. $3s4es 900: Italy. $2.7o7.-
100000; epain. 91.S15. 000.0 900: British
india, 31.A76. 100000: Japan. $l,z42. 000,-
900: the United States. $1o2S,0oo. 900.
The debt Of the German empire 10
stated at e1:17s 900. and Of the
German states. S3736 .000.000: that Of
Austria- Hungary. 1905. 100000; that
Of Austria, 81, 434, 900. 900; and Of Hun
gary. $1.2ss.0o0.0oo.
Practically all the important coun-
tries show an increase in national In
debtedness In 1919 compared with 1902.
In the case Of france. the figures for
1912 are 36.2s4 900 900, against $685.
zoe. 900 In 1902: Russia, 1858, o00, 900
IN 1913. against $3.414. 100000 in 1903;
japan. 31,242.000.0Oo in 1913, against
s2e2. 900 900 in 1902: the German en-
pire. 81. LIS, 900, 900 in 1912, against
ls9s. 1000. 900 in 1902; the German states.
33.736, 100000 in 1912, against $685.
00o. 900 in 1902: British India, 81. 475.-
oUO, 900 In 1912, against $1.103.000 in
1902; Italy. S2.7o7, 100000 in 1919.
against 1856. oo0, 900 in 1902: and the
United states, $l.o28, 900. 900 In 1918,
against 1926, 000. 900 In 1903. The United
Kingdom shows slight decrease. the
figures for 1913 being 1885, 100000,
against 1855. 000. 900 9 decade earlier.
Th9aGIregate Of tiona1 indebte6e
mesa including al countries for which
data can >be had. was. In $500. $780,
100000: 1850. $500. 900. 900; 1900. $751;
$4,000 900; and 1917. 81. 900, oo0. 900. 3
RaAos Of Interest Vary.
Interest rates, a. above indicated,
vary greatly. the stronger nations OBJ
tanning lower rates for their securt-
ties; the average annual rate upon the
indebtedness Of the Uniter States
ranging from 2 to I per cent: in the
case Of the United Kingdom,,2s to tx
per cent; Russia, from 8 to 6 per cent:
Japan, from 4 to : per cent; the Ger
man empire, 3 to 4 per cent: China,
4 to s per cent: Nicaragua, 6 per cent:
Panama, per cent; Ecuador. I to 10
per cent: and Honduras. 6 to 10 per
sent. These figures Of interest rates
do not, however, fully indicate the ac-
tua rates paid, since in a large pro-.
portion Of cases the securities in
question were sold by their respec-
tive governments at less than par, the
United States being one Of the few ma
lions which have declined to sell their
securities at less than their face value.
The statement Of annual revenues
and expenditure OF the seventy odd
countries included in the list shows
total expenditures Of 81, 30S. 000. 900 and
total revenues Of $12.179 100000. the
figures relating in all cases to tho lat
est available year. chiefly 1917 or the
fiscal year 1873. Their expenditures
in 1902 aggregated $685.. 100000 and
their revenues $7.9o1. 100000. national
expenditures having thus increased
over so per cent during the ten-year
period, while national indebtedness in
creased about 20 per cent during the
same period.