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NATIONAL DEBTS

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Seventh-day Adventist Missionary Society · Oakland, California · May 19, 1881

FromSigns of the Times, Vol. 7, No. 19.

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NATIONAL DEBTS.

In 1715 the known national debts of the world amounted to $1,460,000,000; in 1793, to $2,461,000,000; in 1848, to $8,423,000,000; and in 1880, to $26,493,200,000. Of the increase in the debt since 1848, nearly $16,000,000,000 have been spent for carrying on wars, and for military purposes.
At the close of the Rebellion, the U. S. national debt was $2,755,995,000, and the annual interest was $151,000,000; this has been steadily reduced until, at the present time, the national debt is $1,879,956,000, and the annual interest, $76,845,000. This is being constantly reduced.