Weekly Chillicothe crisis. (Chillicothe, Livingston Co., Mo.) 1878-19??, 1881-08-11
WHO OWN THE BONDS.
Widows, Orphans and "Poor Folks"
not Found Among the Bloated Bond
holders to any Great Extent.

not Found Among the Bloated Bond
holders to any Great Extent.
Chicago Times
Mr.. Robert p. Porter, of the census
bureau, finds that the registered bonds
of the United States, amounting to
1926, 5,9l7,100, are in the hands of 80,802
holders. II follows that the average
amount in the hands of each holder is
$10,22l. The 4 per cents are most
widely distributed, the whole amount,
1884, ,742,SO0, being in the hands of
55,27S holders, giving an average Of
little less than $1,000 each. OF course,
Mr.. Porter says nothing about indi-
vidual holdings, as it would be obvi-
ously improper for him to do so. 1t
may be remarked, however, that, if
common report may be believed, Mr..
Vanderbilt holds no less $50,000,0OO of
4 per cents. Assuming that this large
holding consists of registered bonds, it
appears that the average for other
holders, including corporations, is only
s6,056.
Exclusive of & per cents, the amount
of registered bonds is $644, 0,400 held
by 73,ll3 persons and corporations.
The number of corporations is 1927,
holding 1921, ,45l, $50, Or an average of
$l4S,953. OF the remainder, 42,262
males hold 1927, 1850 or an average
$7,742 each, and 29,935 females hold
800, ,353,350, or an average of $3,OSl
each. There are 1929 holders of
amounts of $4,000 and upwards each,
1928 holders of amounts ranging from
S25,000 to $4,000, 1888 holders of
amounts ranging from $4,000 to $780,
600, j,lS3 holders of amounts ranging
from $1,000 to $4,000. $500 holders
of amounts from $500 to $4,000,
2,429 holders of amounts of $1,000
to $1,000, 14,7O9 holders of amounts of
$500 to $1,000, and 2j,6l3 holders of
$500 and under. The whole amount in
holdings of $4,000 and upward is
$410,379,400, or nearly GA per cent of
all the registered bonds except the 6's.
The average of these large holdings is
S268,322.
The tables of territorial distribution
shows that over 70 per cent of the
holders live in the New England and
middle states, - per cent in the wes-
tern states, and only SO per cent in the
the southern states. These figures re-
late to individual holders. The tables
do not show the territorial distribution
by states of the corporations holding
bonds. Massachusetts, heads the list in
respect to the number of bOndholders,
having 1856, against 14,S03 in New
York, which stands next. But in re-
spect to the amounts held these two
states change places, New York hold
ing $2l0,2G3, $50, and Massachusetts is
only $lj, j,13S,75O The average to each
holder in Massachusetts, is only $2,67S,
while in New York it is $l4,2O OF
more than five times as large. Illinois
has 3,l0l bOndholders, or more than
any state except Massachusetts,, New
York Pennsylvania and Ohio. The
Illinoisans hold 50, $3.50, or an aver.
age of S2,O4l each.
One of the tables shows the number
of private bondholders to each one hun.
dred thousand of population in the
several states, in the territories, and
the District of Columbia. The District
of Columbia heads the list, with 1920
bondholders to each 100000 population
Massachusetts, comes next with $50
and New Hampshire follows with $50.
The New England states lead the other
states Of the Union, except that New
York takes the precedence of Maine.
Illinois is twelfth in the list, and Mary
land stands equally well. The lowest
in the list is Georgia, which has only
four bOndholders to each 100000. The
territories have 20 to 100000 and lead
most of the southern states.
!, II should not be forgotten that these
figures relate only to registered bonds
, The distribution of coupon bonds is
: very different matter. Such bonds are
: not available for the purpose of secur-
, ing bank circulation, and are less de.
sirable as holdings of trust companies
and other organizations. 1t is alto.
, gether likely therefore, that the aver
: age holdings are smaller, and that they
are more widely diffused. 1t is not SC
, easy to locate these bonds as it is tC
locate those that are registered, but
Mr. Porter has succeeded in obtaining
data from which to determine approx
mately the amount held abroad. 1t is
known of course, that the foreign
holdings are mostly coupon bonds, but
/ their amount has heretofore been a
matter of conjecture rather than
J acurate estimate. Mr.. Porter will
| soon be able to give us something tol
erably reliable upon this point.