Show TIlE DEBT REDUCTION For the first time in nearly a quarter of a century the interestbearing debt of the Union has fallen below a billion dollars Omitting reference to the Pacific railroad bonds our interest bearing debt is now 9879075000 Twentytwo years ago it was 2381530 294 At that time the interest amounted to 150000000 a year Now it amounts to 40000000 Then the debt was 78 per head of population now it is but little over 20 each Then the annual interest was 29 per capita now it is G8 cents Now we are paying 43 per cent on 250000000 and 4 per cent on the remaining 787000000 Then we were paying 7 310 per cent on 830000000 and 6 per cent on 1484000000 In 1830 we imported goods to the amount of 62000000 in 1880 667000000 |