A.
-v V -
.CUB XTMES: SATURDAY, J THsTE 26, 1920
I
r
NATIONAL DEBTS
OF WORLD HAVE
GROWN RAPIDLY
Increase of Indebtedness
Has Seen General in All
Countries. -
iGfermany Is Par Ahead
InJPer Capita Increase
aUaJority of Debts of Each
Country Is Owned At
Home. -
lRv IV AUSTIN
I BtaUftclan The-.National City Bank
The. national tlefeta of the "world
bow approximate f2B5vt)CO,OOe,000,
again) 44,00e,00.H& at the begin
nimr of the great European Waif The
interest fcar)areB n the srand total
now xeeed ?3,oov,ticoftoi rr an-
httinV-as AKalnt about. i,.1Z3Q, 00,000
Un lire.ye- before the -war.. The per
reafelta. tit national poputattwn of all
kh fconntri'B. for -which debt figures
I rAvatlaiile about $150 per capita.
iKatJjst. supro.xltna.tely $2T 4er capita
la IBIS, and. annual Interest charge
)twxot ?? per capita at the present
ttltne, aavdasalnat. aboaMt per capita
Xheselnres&r -ot-course. tn very
peoana tcrmn. It Is not -possible to
easure with, extreme statistical accu
racy the total notional Indebtedness
'. the-"world ln,-y-tlPsiEnated month
r year, since -th official statements
national debt- re in. many cases
oraparatively Infrequent and in some
llnstruzces stated In terms not readily
eomparabla with, those of other coun-
rtrlcS, Millie he- .figures corerlnfr the
ESnteceat rates on the various issues
ml .therefore the annual interest
larses, are -even -more difficult.
In general terms, however, it may
rkw-dated. that ttie debts of all coun
tries and colonies of the world in
f-whicb. national obligations are crent
hed. and. recorded aggregated a. little
$1,000,000,000- in. the year 1700.
rt2JEOO.000.000 at the-'beginiiing of the
pXtopoleonlo Wa in 1793. and about
$7.flOO,000.COOsat Its close in181. In
fOio SS years of comparative peace
Which followed the Napoleonic Wars
the advance was comparatively slow.
