Public Debt of Nation Almost Five Times What It Was in 1912, Jan. 15, 1924

Gross Public Debt of the Nation. . . Four and Three-Quarters Times What It Was in 1912, According to Census Bureau. . .More than 32 Billions

Washington, Jan. 13—the public debt of the entire country aggregated $32,786,715,000 at the close of 1922 and was more than four and three-quarters times what it was in 1912. Announcement of this figure was made today by the census bureau in a preliminary summary of the decennial census on wealth, debt and taxation. The gross public debt is equivalent to $301.56 for each person of the country’s population while in 1912 it was $70.20. …. The national government, the state governments, cities and all civil divisions having power to incur debt are included.

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From the front page of the Smithfield Herald, Jan. 15, 1924