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Show Abfitit Our Irebts. . dtt-lnlendent Porter of tho eleventh cmui contributes a ipcr to Th9 Nortel 1 American Iloviow on tlm subject of ths American p-ojJo's debts, tltough nnfoi tnnaUly be does not tell m how1 to pi them. Ue lnilts, however, that tho n t dltlonof mortgafl Indebtedneaa atatte-lira atatte-lira tho n-ustia will havo t wholesm effect uti (ho national mind, in that It will call attention to tho subject and ctt ablii both coponttloni an-1 indUldaat to fw how mnch ra'ro or leu they am tn .debt than they Were ten nnd twenty jrenn ago nnd tlm'i itlmulatd tbcmto tutko aa effort to fpit out, Tbo stnte havo nutson to fcliciUto themselves. W fiml from ai exhibit ptibll)liedbyMr Forter that tho stato ibdils of I ho Union amount 1 to nlno dollars pr capita for the ivliolo country In 1ST J. In IWO the lam had declined to six dollars -r capita, whllo In 1890 It 1 only tliree dollara. It utty 1o Hint tho firfuros hrs are so atnlt that some of tho slate mty m tempted to jmn Into debt AffaliL Th per oapitt d-bt of nil kinds state, city, county and na-llonal-wa In HTOtflUI lt IioaaL In ettifn.u There nre debt maklnfr and debt ptiy-InR ptiy-InR p..riial, Mr. Fortr flu K Wa have lmd rftpeatodly "slmoet cnucaof gr.itig Into debt," nnd those hnro besnt followed by iteriods of Mtrenuhuient and reform, l'vcrythlng: wove in waves. Hefriunlnjt In 1W the ataf hvl tltelr fever of in tcrna), iuproveinmti, mid so high did tho impulse run tint in aouin wi pub Ho improvement for lit advaneoof tho lequlmuttut of tho population wore ordered. The itato debt pldci.tlo reacl.M ita culmittntloit lu 184'J, when lomof tlto strongest Ute in tho Union itnac-rr-l on thovtrgoof bankruptcy. From WO tyHIlcauio tho mnnloipnl linproveiuont crane, tin 1 tin per capita 1 debtof elite doubllltwe4i1B;o and 1SW, ftud, like tho BUto debts beforo It, went far In ndruiiooof tho population. Tito bit declo tho country out ha bn otto of retrenchment nnd dobt p.ty lu. Mr. Fortcr call Attention totlii I fact, however, thit doiit 1 not ntways n fijfii of flninclAl depression. On tlm coutrAry, It 1 frerinctitly a lgu of rro , perily, aluco sound hwidd Imslnoa nun ami corporaumi irivjuenuy tucreuw ) their working 'cardial by larrowlu-t f.tff tltey ro oertoln tlmt vory act will bring them larger return. A to inortffagft, abstract of 0 ,, 000 mortgrvipM aro now on fllo in tho census department. It oo-t (l,COd,000 to collect roorta29 statihtlea, which nun would !u,o paid cfT n ko'M many of thetu. |
