The total federal debt in 1910 was $2,916,205,000, of which

amount $967,366,000 was represented by bonds, $375,682,000 by
non-interest-bearing debt (principally United States notes or
'greenbacks'), and $1,573,157,000 by certificates and notes
issued on deposits of coin and bullion
The total federal debt in 1910 was $2,916,205,000, of which
amount $967,366,000 was represented by bonds, $375,682,000 by
non-interest-bearing debt (principally United States notes or
'greenbacks'), and $1,573,157,000 by certificates and notes
issued on deposits of coin and bullion. Against this
indebtedness there was in the treasury $1,887,641,000 in cash
available for payment of debt, leaving the net national
indebtedness at $1,028,564,000, or $10.59 per capita. The
increase in the net indebtedness between 1902 and 1913 amounted
to 6 per cent., but for the per capita figure there was a
decrease of 13 per cent. The burden due to the national debt is
thus very light in comparison with that imposed by the
indebtedness of other great nations.