Show economic highlights that altott afteel the lh nr new aall dividend Ul dad check ch t eke mud iud ti illel of kr 1 i 1 unit iter ualle I 1 11 1 t 1111 Vara b 1 cram ira LOW lol matare mitare e of tile the eikill topics of oc the day la Is tho the public debt which la is owed by the Fet loial to bradhold boad hold ere era and which it hr eky promised to pay in tull full on oil sonio future date with interest running from I 1 per cent to fa per coat pw per during the t he terni ot of indebted neso depending on oil the type a and nl dato date ut of isu alice of tile tho bonda alie TI ae debt la now at a decori figure luo duo to the fact that d urine during uio tile glo the government had been iding aroun around two dollars for or each dollar rec received elvod in reven revell ue aai up lip the dot fielt by issuing now liew security what everyone ever Yotte doa ii t know la Is that until 1917 uis uil debt was almost ney heerd hed bof and was iby veil apy ally issue ot of importance tho the Fede Fo derial ilal al re t went wena into dobi debt at the end of the revolutionary ww WM the rho states had incurred debts tou tousling Aling about anid alloa whew ceased the central government too took koyer over tho the alons since then it ims never been out of debt tor for more titan than a century and r halt half the amounts involved all it tho light ot of existing conditions wore were almost ridiculously small the the debt did not vary a frerot kleal for or about ninety years yeara then came tho th el civil war which made tie do fiands on tile the public treasury that were up lip to that ilmy elven so BO according to the V U S news the civil drw it t lasted ifor tour four years increased tile tho debt to only 2756 tho the civil war the dropped to the billion dolar r level sand and staged thero there varying little until MAIL 1917 the world we r was the expensive in I 1 it uio 01 0 nations nat lonn history and in 1919 the debt passed the tha manic lt its pro depression high the rho course of 0 the debt the world war was waa tho the sano saino as aa after uie tae civil w diw lt it was ays ard steadily reduced all during the treasury iTow ury I 1 in ll 11 come exceeded outgo and t mhd li surplus was applied to tho the debt As AB a result rosult gt CL C L tho the ond end 0 of f 1930 the obligation hod had been pushed vust lied down to i then depression lopres slon set in ili and tile the rise started tig alii so swift was it that the ho debt was waa inore 0 than b pr ri in 7 years on june 3 30 01 ab 1937 ze ity tto fresl mtr budget message a record peak doak ot I 1 will bo rea reached cheil i dig topics of debate during the pending ng yee rs was whether the moderal Fo deral was js justified lii in dUy distributing financial largesse on so w st ascale and the rever bera tiona that argument ent will be heard down the yora B but it Is alpar apparent fit that the time tor for making the co san ian active issue Is 1 over the debt Is a fact theft chrt exists and must be faced and the question now la Is itow how rapidly can it be reduced according to the president Preal denit it chii and ana will be reduces but not I 1 rapidly he estimates that the debt will be frozen roie at the level until the easl enl of the 1837 1937 38 fiscal deac ori on june jun 30 1838 1939 lia din estimates it wll will stand ot at and there efter ater go BO alea illy dlly down the U S new points out but how over that the govern posses ipg cort certain alil assets cash on lit hent nd 1 fic fc could be deduc teki from the debt and Q alto jo abet the T Tre rot aury caury does not cowit count public paid and anlizar wark si as las assets sets it says it if they were lir ili caudel ra assets the debt obliga eions would be tar far more than off act e t but ngoat of these assets the produce no lingame lingome lin Gome and instead coni tuta e r heavy expense and the magnitude of the debt has bias made it necessary to broaden the I 1 x base and increase easo levies all alone Ill kg tho the line in oilier to pay carrying charges charge and fund for retiring blinds when they come collie alne |