The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-02-08
A FEW FUTURES.
Concerning tbs Debts ef American states
and Cities.
A western Finaneler's statement.
ttJincinnatl ljpuuirer |

tOincinnati lgbqufsr.1
"Ihe debts Of The stales." said Mr.. Whites
house, . have tabnatsd as they steed, from
the best Information attainabls, In April. 1876;
That y, about the time we opened The Centsn-
Hial Exhibition, The total Il nearly sgs7 900. I.
VUv But tbs debts Of The thirty a. We psinei.
pol cities foot up TO nearly $500, 100000.
There we have, taking only The siseabls cities.
aud aggregate eivic aad Slate debt Of sptB,-
00o00D, or. approximately, half az much OBJ
legation as tbs United States debt Itself"
asked him TO give me seine examples Of
ttess debts
" Wei, hs said. "lst IA take New York
tate LIZ deht Ia seai,t Of sal 900. 600 We
have sinking fund equal to half oil IT, Bnt
The debt Of New I rtk City Ia $50, 900 900 III
Brooklyn nearly 500 900, 600 nj Buffalo almost
$1,000 900, of Rochester s5,578, e0o of AL
bsny s3 6s5, 900 q eiyc debt Tor a W Ainefi
can cities of S2t 3 600, 900. and sonis Of these
have been increased since 1876"
allow do The other Ersttelhfs fiiies tnm-
pare With THAR
"Philsaepbia has above sb7. 900. 900, Bal l.
more 800, o0D.1Gg Boston s41 900, 900. ST.
i uis nearly s23 900 900. New Orleans, sal.s
365iG0b, Ghieheo Slp 7Bd 600, Cineinnati slg,
288 600, and San Francisco OILY 81 .d3D. 600
ibaie are The eiahf great Il les, leaving out
Nav Fofst with sn aggregate debt Of $500,
900 nhU
'F5fmidabie, indeed" said | nbut. eoiis
sldeflng tbt Il rapid Increase end monumental
izati3h, not disheatbetiag
"lss II is m5te than Laif Of all The debts
Of 'he States, aud shows The burdens If city
living people over tbs rural communities
And in less degree, The minor cities are also
htav ~ bufdaned Let ~ laak Theirs IL lii
tie Jersey City with Sll 600, 900, n watt
neatly SD 900 600, cad even Elizabeth, n j. !.
with ST, 400 900,
rs, jersey had four towns With nestiy
$50 600 900 debt7 p
ttYes, And leaving nut boston. we have in
New England, Providence wi Ii ~ 100000
Portland s6, $4,000 and bangor so, 4s5, 600
''Llttle eitisg, like Cardinal Wolsey, ought
to throw away ambition
"Now," said Mi Whitsheuse, "let as lake
the leading second class eli les, begin with ihs
South and leave out Richmond, Virginia.
But Charleston has ~ 75b, 600. Savannah
sB66g, 600; Mobile S2B6J,D0u: Augusta,
Georgia, ss.o0o,o0b. Galveston s1,a75, 900.
Memphis 90 600 900, Nd. Joseph, Missouri
1881 900: Nashville sl,3BD0 900, Columbus,
Gsetgia s57g,00o, atd little Louisville
49,, $40 900 F"
"Civie debts are disease"
" Now," said Mr. Whitehtnse, "ist us
shifmish over The breadth of the eonntty
We come first TO Pittsbars with Si,7g4 900;
gleveabd, 30 0g7 900; Detroit. s2,9gs 900;
Indianapolis 81 4b4 900, Milws tisee, ~, AL.
900, st. Paul, si,2gD,o0 The minor cities
OF the West have been eomp arRtiveiy pfu=
dent"
"Wbish State has The greatest debit"
"Vlfgibia. aud with little to beer IL. Most
Of u WAS acquired be ore The war In costly canal
an a. In is n
But Massachusetts has almost s34, 600, 900,
aud PehBaysaaia $40, 600 0Do but with .
large siskibg fund"
i" / have only tabulatsd tbirly.one States, :"
he continued. "S5ms rich States have small
debts Cali esnia has less then SO, 40O, 600.
love- Ia almost out OF debt, Michigan has
,ny sl.g5e, QUO! the great State OF Illinois
owes only 81, 45s, 900; Kansas even less than
The, Indiana, a. STE, 900; end Minnesota, 3D..
775, 900. The Westtrn agricultural popalss
tiBn IL very sensitive as TO debt"
ado the lar Pacific ssates tl5e keep out of
danger
"Nevads has q debt Of 1900, 900. Oregon
s227, 900 The District Of Columbia has d
statrble debt=s22 $40 600"
"And, according 10 nator Spsnest's re-
poft. has spent $50 00D, 900 Ia FIVE years, and
pays a1 gG for interest out Of every 81 so
that il received for tases.'
"Now," said Mr.. Wbiteheuse. "TexaH, an
empire. has ouly "a 245.0G0 debt, while Lon
isiHna has almost SIT 100000 North Uare.
lf,a has more than New Yo,k=S 2s, 400 900.
south Carr lns has &12,GBg 600. Alabama
s22 J4l, 600 Florida So ,2J4, 900, AMI Ge6r.
gia almost $4,000 600
'tPfoagious, indesdl Are the border bolt
# southern States wofss off than the Central
WeA2'
swell. Arkansas bas, above SD, 900, GOO,
Mi SOUTH s25 DUU 600, aud Tennessee S25 600.
900. Ohio thy only $1,000. 900, Now Jersey
olly o. 59i, O0e'
'Hos slnad tho smaller New Eng md
Ste,esY'
Vermont bag next 10 nothing S312 600;
New Hampshire n large deb 30, 724, 600,
Uonneoiea9 81, 900 600: M sine almost so, 000,-
000 and Rhode Island 80 Gj9, 900.
ttok down these fsur ~, and slso Mary
lands debt. very large-si0 704 600. Massa-
obusstts had issued $40 $40, 900 of fvs FER
dent gold bonds since 1868, mostly for re-
funding.