Opening the text

The Footprints of Time: And a Complete Analysis of Our American System of Government, with a Concise History of the Original Colonies and of the United States, in Chronological OrderBancroft, Charles

History

The Footprints of Time: And a Complete Analysis of Our American System of Government, with a Concise History of the Original Colonies and of the United States, in Chronological Order

Name: The Footprints of Time: And a Complete Analysis of Our American System of Government, with a Concise History of the Original Colonies and of the United States, in Chronological Order
Author: Bancroft, Charles

Bancroft, Charles

United States -- History; United States -- Politics and government

We are very rich, if all our resources are taken into account, yet we are
in debt. In five years from the commencement of the civil war the public
debt had run up from less than one hundred million dollars to over two
billion seven hundred millions. This we began to reduce at once, for as
a nation we do not like to be in debt; and it was, December 1st, 1873,
a little over two billion one hundred and fifty millions. The debt is,
indeed, a trifle compared with our vast national property; but we do
not wish to sell our property at a loss, nor disturb the regular course
of business; so it stands to be gradually paid in the regular course of
things, as we find it to be convenient.

It is a vast sum, but gives more trouble by reason of the desire and
determination of the people to pay it soon, and sacrifice no property,
than from any inability to meet it.

We add a table of the Public Debt for every year since 1791, a Statement
of the debt in detail Dec. 1st, 1873, and various Statistics relating to
the finances, resources, and business of the country.


THE PUBLIC DEBT OF THE UNITED STATES, IN EACH YEAR, FROM 1791 TO 1874.

         75,463,476.52
         77,227,924.66
         80,352,634.04
         78,427,404.77
         80,747,587.38
         83,762,172.07
         82,064,479.33
         79,228,529.12
         78,408,669.77
         82,976,294.35
         83,038,050.80
         80,712,632.25
         77,054,686.30
         86,427,120.88
         82,312,150.50
         75,723,270.66
         69,218,398.64
         65,196,317.97
         57,023,192.09
         53,173,217.52
         48,005,587.76
         45,209,737.90
         55,962,827.57
         81,487,846.24
         99,833,660.15
        127,334,933.74
        123,491,965.16
        103,466,633.83
         95,529,648.28
         91,015,566.15
         89,987,427.66
         93,546,676.98
         90,875,877.28
         90,269,777.77
         83,788,432.71
         81,054,059.99
         73,987,357.20
         67,475,043.87
         58,421,413.67
         48,565,406.50
         39,123,191.68
         24,322,235.18
          7,001,032.88
          4,760,081.08
            351,289.05
            291,089.05
          1,878,223.55
          4,857,660.46
         11,983,737.53
          5,125,077.63
          6,737,398.00
         15,028,486.37
         27,203,450.69
         24,748,188.23
         17,093,794.80
         16,750,926.33
         38,956,623.38
         48,526,379.37
         64,704,693.71
         64,228,238.37

Public-domain text, read in full here on John Shaqi.

Opening the text

The Footprints of Time: And a Complete Analysis of Our American System of Government, with a Concise History of the Original Colonies and of the United States, in Chronological OrderBancroft, Charles

History

The Footprints of Time: And a Complete Analysis of Our American System of Government, with a Concise History of the Original Colonies and of the United States, in Chronological Order

Bancroft, Charles

United States -- History; United States -- Politics and government

We are very rich, if all our resources are taken into account, yet we are
in debt. In five years from the commencement of the civil war the public
debt had run up from less than one hundred million dollars to over two
billion seven hundred millions. This we began to reduce at once, for as
a nation we do not like to be in debt; and it was, December 1st, 1873,
a little over two billion one hundred and fifty millions. The debt is,
indeed, a trifle compared with our vast national property; but we do
not wish to sell our property at a loss, nor disturb the regular course
of business; so it stands to be gradually paid in the regular course of
things, as we find it to be convenient.

It is a vast sum, but gives more trouble by reason of the desire and
determination of the people to pay it soon, and sacrifice no property,
than from any inability to meet it.

We add a table of the Public Debt for every year since 1791, a Statement
of the debt in detail Dec. 1st, 1873, and various Statistics relating to
the finances, resources, and business of the country.


THE PUBLIC DEBT OF THE UNITED STATES, IN EACH YEAR, FROM 1791 TO 1874.

         75,463,476.52
         77,227,924.66
         80,352,634.04
         78,427,404.77
         80,747,587.38
         83,762,172.07
         82,064,479.33
         79,228,529.12
         78,408,669.77
         82,976,294.35
         83,038,050.80
         80,712,632.25
         77,054,686.30
         86,427,120.88
         82,312,150.50
         75,723,270.66
         69,218,398.64
         65,196,317.97
         57,023,192.09
         53,173,217.52
         48,005,587.76
         45,209,737.90
         55,962,827.57
         81,487,846.24
         99,833,660.15
        127,334,933.74
        123,491,965.16
        103,466,633.83
         95,529,648.28
         91,015,566.15
         89,987,427.66
         93,546,676.98
         90,875,877.28
         90,269,777.77
         83,788,432.71
         81,054,059.99
         73,987,357.20
         67,475,043.87
         58,421,413.67
         48,565,406.50
         39,123,191.68
         24,322,235.18
          7,001,032.88
          4,760,081.08
            351,289.05
            291,089.05
          1,878,223.55
          4,857,660.46
         11,983,737.53
          5,125,077.63
          6,737,398.00
         15,028,486.37
         27,203,450.69
         24,748,188.23
         17,093,794.80
         16,750,926.33
         38,956,623.38
         48,526,379.37
         64,704,693.71
         64,228,238.37

Public-domain text, read in full here on John Shaqi.

The Footprints of Time: And a Complete Analysis of Our American System of Government, with a Concise History of the Original Colonies and of the United States, in Chronological Order

The Footprints of Time: And a Complete Analysis of Our American System of Government, with a Concise History of the Original Colonies and of the United States, in Chronological Order

No reviews yet