People's Pilot, Volume 3, Number 22, Rensselaer, Jasper County, 17 November 1893 — What We Owe England. [ARTICLE]

What We Owe England.

The monetary commission, appointed by the government of the United States in 1876, estimated that the foreign indebtedness of the United States could not then be less than $2,000,000,000. Since 1876 foreign investments, mostly English, have continued to increase very largely. Mr. Gladstone claims for Great Britain outside of Britain to the amount of ten billion ($10,000,000,000) dollars, which is mostly on a gold basis. That indebtedness, including ownership of different properties, cannot now be less than 14,00.0,000,000 or $5,000,000,000 in the United States.