This was the 58-gun frigate HMS President, berthed at the West India Docks and training ship of the local Royal Naval Reserve. They were joined in 1872 by the Royal Naval Artillery Volunteers. This ship was named Old President on 25 March 1903, and was sold for scrapping on 7 July 1903.
Average Household Debt Tops $90,000. A recent study shows that the average U.S. household debt has now passed the $90,000 mark, which includes household that are debt free. The 2015 American Household Credit Card Debt Study also showed that the average household with debt owes $130,000. Mortgage debt, with each household having an average mortgage of $168,614.
But the Great Recession reversed the growth trend -- at least for a few years. According to TransUnion, between the first quarters of 2008 and 2014, average credit card debt per borrower fell from a high of $6,276 in mid-2008 to $5,164 in Q1 of 2014 -- the lowest point in the six-year period. 8 Average credit card debt per borrower began to creep up again in Q2 2014, reaching $5,234.