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Show ;0EBTlf 1! II 1 BILLIONS Sffi ESTIMATE OF BK i Indebtedness Increases 160 Billions Bil-lions of Dollars in Six Years Figures Disclose NEW YORK, Jan. 26. The world's debt was estimated by the National City bank today at 5200.000,000,000 compared with $-10,000,000,000 in 1914. Paper currency throughout tho world increased G00' per cent since 1914, while the gold reserve behind it increased only 40 per cent, according to statistics compiled by the bank. The face value of paper currency of thirty principal countries, which totalled to-talled S7.250.000.000 In 1914, had increased in-creased to $40,000,000,000 at the time of the armistice and to $50,000,000,000 in December, 1919, exclusive of S34,-000,000,000 S34,-000,000,000 issued by the Russian soviet sov-iet government. Germany, Austria-Hungary, Turkey and Bulgaria show an advanco in note circulation from $1,200,000,000 In 1914 to $12,300,000,000 at the close of the war, and $18,770,000,000 iln December, 1919. the gold reserve falling from $600,000,000 in 1914 to $327,000,000 in 1919, tho ratio of gold to notes declining declin-ing from 49.7 per cent in 1914 to 5.5G per cent in November, 1918, and 1.7 i per cent in December, 1919. j In tho eight principal countries of liho allies paper notes increased from $1,166,000,000 in 1914 to $2,420,000,000 in 1919,w hile the gold reserve increased increas-ed from $516,000,000 to $1,450,000,000, a ratio of 44.3 in 1914 and 59.9 in 1919.1 |