When was it published?

September 30, 1898 in The Camden Chronicle

Foreign News September 30, 1898

The Camden Chronicle

Q: What keywords are associated?

Prussia Finances, Public Debt, State Railways, Industrial Prosperity, Germany Economy

Camden, Benton County, Tennessee

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What is this article about?

The Berlin Reichsanzeiger publishes Prussia's financial statement, highlighting its status as the world's most prosperous industrial state. With 32 million population, public debt is $1,625,000,000 ($50 per capita), increased by $450M in six years mostly productively. Annual debt cost $55M, offset by $135M+ from public works. State railways revenue rose from $23M (1880-81) to estimated $109.5M (1898-99); domains/forests yield $12.5M.

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Full Text

The Berlin (Germany) Reichsanzeiger has published an official statement of the finances of the kingdom of Prussia which is of great interest in many ways. It shows Prussia to be the most prosperous industrial state in the world, and explains how it is able to meet the heavy charges imposed by the political and military situation of Germany. With a population of about 32,000,000, the public debt of Prussia is rather more than $50 per capita, or about $1,625,000,000. It has been increased by $450,000,000 in the last six years, but of this amount only about $25,000,000 was expended on unproductive work. The cost to the state of the whole debt is only $55,000,000 a year, while the net revenue received from the public works and state properties is over $135,000,000. The net revenue of the railways belonging to the state, which in 1880-1 was only $23,000,000 during past years has averaged close on $75,000,000, and for 1898-99 is estimated at $109,500,000. The state domains and forests yield an average of $12,500,000.

What sub-type of article is it?

Economic

What keywords are associated?

Prussia Finances Public Debt State Railways Industrial Prosperity Germany Economy

Where did it happen?

Prussia

Foreign News Details

Primary Location

Prussia

Event Date

1898 99

Outcome

public debt $1,625,000,000 ($50 per capita); increased by $450,000,000 in last six years (mostly productive); annual debt cost $55,000,000; net revenue from public works $135,000,000+; railways revenue estimated $109,500,000 for 1898-99; domains/forests $12,500,000 average.

Event Details

Official financial statement published in Berlin Reichsanzeiger shows Prussia's prosperity as world's most industrial state, enabling it to handle Germany's political/military burdens. Population ~32,000,000. Debt increased $450M in six years, $25M unproductive. Railways net revenue from $23M (1880-81) to avg $75M, est $109.5M (1898-99).