OCR Text |
Show Pl'ULIC DEBT BREAKS ALL RECORDS. Associated Press dispatches of January Jan-uary 4 summarize the public debt of the United States, as follows: "August 31, 1929, the war peak, ?26,fj,701,548. "The 1930 post war low, $16,185,-309.83L $16,185,-309.83L "Today's public debt, ?23,817,036,-02.'). ?23,817,036,-02.'). "Eestimated for June 30, $29,847,-000,000. $29,847,-000,000. "Estimated for June 30, 1935, $31,-834,000,000. $31,-834,000,000. "The amount of money in circulation, circula-tion, save for some governmental funds for which no accounting can be made, totaled only $5,791,000,000 on January 3, 1934." At 3 per cent, interest on public debt in 1935 will be nearly $1,000,-000,000 $1,000,-000,000 a year. |