England's National Debt

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The Seventh-day Adventist Publishing Association · Battle Creek, Mich. · Nov 26, 1861

FromReview and Herald, Vol. 18, No. 26.

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England's National Debt

ENGLAND'S NATIONAL DEBT.—The foundation of the immense debt of England was laid in the reign of Charles II, two hundred years ago. In 1763, it had risen to £139,000,000. At the close of the French Revolution in 1802, it was £571,000,000. In the twelve years of the wars of Napoleon it increased to £865,000,000, which was its maximum. From this point it rapidly decreased for thirty years, having been reduced in 1845 to £768,789,241. At the close of the Russian war in 1856, it had increased to £800,000,000; and in consequence of the Indian mutiny, the Chinese war, and the distrust of France, can hardly have diminished since. The interest on the present debt, at the rate of 3½ per cent., is $134,400,000 per year, or $368,000 a day, $15,333 an hour, $255 a minute, or $4.24 a second.—Chris. Almanac.