Word: debts
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Dates: during 1910-1919
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...shall still depend largely for the carrying out of the work in the class-room and in the field on our Faculty instructors; and the debt which the University owes these instructors is the greater because it is apparently unappreciated. C. C. LANE...
Professor Channing has compiled some figures which go to explain the comparative ease with which we now expend so large a portion of our wealth. In the Civil War times our national debt at no time exceeded three billions. Today it has more than tripled that figure and shows every sign of increase. But in 1865 our total of accumulated wealth amounted to only sixteen billions and our annual production was less than six. Today our accumulated wealth has grown to 187 billions, and our production exceeds forty. Figures may lie, but in this case they go far toward explaining...
...wealth of the United States is greater than the combined wealth of Great Britain, France and Germany. The national debt of Great Britain is 192 per cent of the estimated yearly income of the British people; the debt of Germany is 246 per cent of the German people's income; the debt of France is 333 per cent of the yearly income of the people of France. Our debt is 17 1-2 per cent of our national income. In other words, if France should devote the entire yearly income of its people to paying off its national debt...
Close on the heels of the start of the greatest battle of history, the Chancellor of the Exchequer has introduced the largest budget by far that Great Britain has ever faced. With a national debt now standing at the huge total of over thirty billions, England is now preparing to lay on herself this additional burden of some fourteen billion dollars for the coming year. After three and one-half years of war, the Chancellor has announced that the financial condition of the country is more than good enough to stand the added strain...
...doubt that it is good financing to pay for a war, or for anything else in the world, out of current revenues as nearly as possible in distinction from bonded indebtednesses. Debt is a millstone around the neck of a nation. Fortunate are the people who pay as they go. To keep as near that ideal as possible should be the desideratum of all statesmanship. Our enemies, who commonly belittle our activities, should at least know that, stupendous as has been our war preparation, we are paying an unprecedented fraction of it out of current taxation. Boston Herald