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Domestic News
August 9, 1875
The Daily Gazette
Wilmington, New Castle County, Delaware
What is this article about?
The Pittsburg Post claims the U.S. national debt increased by $5,529,519 from June 30 to July 31, despite official reports of reduction, with bonded debt details provided.
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NATIONAL DEBT INCREASED $5,528,518.
The Pittsburg Post claims that instead of the national debt having decreased during the last month, it has really increased. The Post says:
On the last day of June the debt—bonded—bearing coin interest, was $1,707,999,800. On the last day of July it was $1,700,491,800 and yet a reduction of $1,249,887 is claimed, whereas there is an increase of $1,493,000 in the bonded debt. On the last of June the "total debt," that is including all forms of the public debt, was $2,232,284,581; on the last of July it was $2,287,818,048, an increase of $5,529,519, in the public indebtedness of the country.
The Pittsburg Post claims that instead of the national debt having decreased during the last month, it has really increased. The Post says:
On the last day of June the debt—bonded—bearing coin interest, was $1,707,999,800. On the last day of July it was $1,700,491,800 and yet a reduction of $1,249,887 is claimed, whereas there is an increase of $1,493,000 in the bonded debt. On the last of June the "total debt," that is including all forms of the public debt, was $2,232,284,581; on the last of July it was $2,287,818,048, an increase of $5,529,519, in the public indebtedness of the country.
What sub-type of article is it?
Economic
What keywords are associated?
National Debt
Debt Increase
Pittsburg Post
Bonded Debt
Public Indebtedness
What entities or persons were involved?
Pittsburg Post
Domestic News Details
Event Date
Last Day Of June To Last Day Of July
Key Persons
Pittsburg Post
Outcome
increase of $5,529,519 in total public debt; increase of $1,493,000 in bonded debt
Event Details
The Pittsburg Post reports that the national debt increased rather than decreased, with bonded debt bearing coin interest at $1,707,999,800 on June 30 and $1,700,491,800 on July 31, and total debt at $2,232,284,581 on June 30 and $2,287,818,048 on July 31.