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.

But this distinction in kind is not essential to the justification of

the standard of Utility
But this distinction in kind is not essential to the justification of
the standard of Utility. That standard is not the agent"s own greatest
happiness, but the greatest amount of happiness altogether. However
little the higher virtues might contribute to one"s own happiness,
there can be no doubt that the world in general gains by them.

The strain of modern life is sometimes special rather than general

The strain of modern life is sometimes special rather than general.
Often the strain comes on some one muscle or organ. Modern industry is
so constituted that the individual strains one part of the body while
other parts are in need of exercise.