INDEBTEDNESS OF THE UNITED STATES, OF THE STATES, ETC. 411 



The following statement shows the progress of 

 the debt during the last thirty years : 



Fixed and floating. 



1 850 $978,166,500 



185t-'68 1,167,960,000 



1854--55 1,333,421,000 



1 856 1,640,010,500 



1857 1,713,008,000 



^ 858 1,829,804,000 



1859. 

 I860 

 1870.. 



1880.. 



1,849,270,000 

 2,277,522,000 



DEBT OF ENGLAND. According to the state- 

 ment of Mr. Dudley Baxter, one of the best 

 authorities on national debts, the debt of Eng- 

 land commenced after the Revolution of 1688, 

 and passed the debt of France about 1750; 

 advanced during the wars of the elder Pitt; 

 made a longer stride in the eight years of the 

 American War, and finally the great French 

 "Wars, from 1793 to 1815, made it tower over 

 the debts of all other nations. The funded 



