PAYING OFF THE PUBLIC DEBT.
{"newspaper_name": "Delaware journal.", "edition": "01", "page": "p2", "byline": "From The National HtelHgencer."}
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IF it be true ofall nations heretofore, that nation
has paid off public debt. the possibility of it
will be demonstrated, if the wise policy Of the pre-
sent Administration be initiated by its successors.
The fact that four millions of dollars more is to be
paid off the first ofJanuary. making nine millions
paid Oft cithn one gear, is a decisive testimony IN
of the prudence the economy, the sagacity Of
those now at the helm OF affairs, under the direc-
ton of whom the finances have so improved, that
not y the whole Of the ten millions Of the sinking
fund annually appropriated has been applied TO the
payment of Public Debt, but also the arrears OF that
fund have been paid, its deficiencies made good-
an objec the Importance If which will be duly es-
tmaled by all those who have ever been in public
life, or who have the least possible knowledge of
fiscal operations We nave great pleasure in sub
hitting to readers the following statement. com
piled from official sources, showing the effect of the
measures of this Administration on the finances, Of
the country:


A comparative pieu of the state Of the Treasury Of The


United STATES, on the first day of January. 1925,


and the probable state thereof the first Of Jamua-


ry 1899; in connection ~ih The payments on


account Of rhe principal of the public debt, during


the gears 1926, 1926, 1627, and 1898.
The probable balance that will be


in the Treasury on the lst day
Of January, 1929, *S4.974, S72 SO
Balance in the the Treasury, on the
1st January, 1925, was i,946,597 Is
! Cash in the Treasury, on the 1st


January, 1929, over the amount


on the 1st January, 1925, will


be, s,oa7,775 4e
During the four years Of the pre-


sent Administrations there will


have been paid, of the principal


of the national debt,


S24, ,347, ,235 95