The Northern Pacific farmer. [volume] (Wadena, Minn.) 1878-1885, 1881-02-24

| In tho report of the State of South Carolina
| the Indebtedness of the city of Columbia
| CS6OO, OOO is not included. The report of the
State OF Tennessee does not include the (repu-
diated) Indebtedness of the city of Memphis,
| which is estimated at about So, 600, OOO The
| cities Of Colorado and Florida have no bonded
debt. The bonded Indebtedness of New York
city amounts to 1886, 40, 433: of Chicago to
| 1918, O43, 900; and of Louisville, Ky, to
TIE RATES OF INTEREST PAID
| range from 8 to IL cent per annum. The
total amount bearing each rate Of interest is as
follows: So, At Is per cent $9s 100; st per
i5o; T per cent u.s. E.; oi IN; At fII per
cent, SOL 5, 900: at e per cent, $500, 900
1853; at 6l2 per cent, 81, 551, 1O4; at z per
cent, SIS. 265, $50: at z $40 per cent,
TlG.3so, 300; at T.. y per per cent, 1886, 300; at
600; at per cent, S. Isl 6 IS at Is per
| cent, $1l2, 900; rate not specified, So, $780,
04O The debt upon which the rate of interest
is unspecified is, as follows: Mobile, Ala,
1925, 500; New Orleans, La, $25, $40;
Shreveport La ds $2ae 20 1921 o1 Baltimore Nd
The highest rates of interest prevail in the
western and southern states No New England
State, and only one, Pennsylvania of the mid
die States, pays higher rate than per cent
Bonds at the rate of 10 per cent. are outstand-
ing in the several southern states as follows:
Virginia, $4,000; Georgia, So, 600; Louisi-
ana, 1926, 1000; Texas, 81, i34, 200; Arkansas,
$21, 1881; Kentucky, 100000. The only
western states whose cities and towns 90 not pay
as high rate as 10 per cent. is Ohio. The
municipal indebtedness bearing 10 per cent
interest in other western states is divided as
follows Indiana, 1921, 90O; Illinois, $715,-
1870 Michigan, $GO7 60O;s Wisconsin,, $174,-
511; Iowa, $1lS, 900: Minnesota, $40, 100:
Missouri, $l ,267, 224;. Kansas, $3.50, 442;
Nebraska, s403, $50; Oregon, $40, 500; Cali
fornia, 1921, 600 Virginia City, New, pays
IL per cent. on her SIP, 900 of bonded In
debtedness. The only municipal bonds at 8
per cent are So, 900 in Illinois and Sc, 600 in
Minnesota. 81 .5'
IN EIGHT OF THE SOUTHERN STATES
bonds are outstanding at 8 per cent, as fol-
lows: Virginia, So ,679, SOL; North Carolina
1921 1884,, 800; South Carolina, $933,OOO; Ala
ban'a, Sis. 900; Mississippi, Sc, 400; Loulsi-
1926, 900. In Pennsylvania municipal in
debtedness is outstanding to the amount Of
1888, 143. In the western states municipali-
ties have issued bonds at 8 per cent, as fol-
lows: Ohio $4.318, 1913; Indiana, 1922, 700;
Illinois, 81, Al ,525; Michigan, 81 ,4O1 900:
Wisconsin, 1915, 800; Iowa, $3O8, 100; Min
nesota, $948, 1875; Missouri, $927,225; Kan
sas, 1914, GOO; Nebraska, $25, 900; California,
$76S,OOO. OF the entire municipal indebted
ness OF the country, aggregatlng 664,346.-
913, the amount at per cent. il $lSS, 265,-
2O6, 1853. The only States which haye not
borrowed money on account of municipalities
at 6 per cent. are Florida, Mississippi, Ne
braska, Colorado, Nevada and Oregon. The
only municipal bonds bearing so low rate of
interest as 5 per cent are 1888, 900, of which
$859,OOO we're issued in Virginia, and $l24,
600 in West Virginia. ,.,r +