The World's Growing National Debt
According to the Treasury Bureau of Statistics the total national debt of all the world in 1793 was $2,500,000,000. But in 1901 the amount is more than tenfold greater and stands at the enormous figure of $31,000,000,000. While this debt has been swelling, the population of the world has increased only one and one-half times. When it is considered that the greater part of this sum has been spent for war and war preparations, how suggestive is the fact. Does this great rolling up of the national debts at the bidding of the god of war suggest to you a time of peace before this world? Does it not rather indicate that the great Armageddon can not be long away?