New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-02-12
In the report of the State of South Carolina the

In the report of the State of South Carolina the
indebtedness of the City of Columbia tSoooooo' 10
not included The report Of the State OF tennessee
does not include tho (repudiated) indebtedness OF
the CITY of Memphis. which. is estimated at about
$5OOO,OOO. The cities Of Colorado and ff'r'da
have no bonded debt. The bonded Indebtedness OF
New.York City amounts to $136 407.434; of Chi
cauo to S13,O43. 900; and of Louisville. KY, TO
$;SO79,OOO.
The rates of interest paid range from 10 IL per
cent Der annum. The total amount bearing each
rate of interest is as follows:
At per cent, $9S3.1OO; at per cent.
$21 45s s35: at 4le per cent. $4.0os 100 at per
cent sos 642.O17; at JIG per cent. S0lo'ooO; ar D
Der cent 3O4 2O6 15S; AT 8l2 cent. $15o1,1 ,1O4j
at z per cent $1SS.265, s29: at $50 per cent
$685. $50; at 7la per cent, $356.5Oo; at per
cent, $lS SG4, ,OO7; at o per cent. $1,000; at lo
Der cent. S8167, ,623 at IL per cent. $l12,OOO,
rate not specified, $2.250,O4O. The debt upon
which the rate of interest is uuspeced is as follows:
Mobile. Ala, 1925, 800 New w-Orleans, La. $25.s40;
Shreveport. La $246. 700; Baltimore. Md, guar
anteed debit" $1.492,OOO.
The highest rates of interest prevail in the West
ern and Southern States. No New England STATE
and only one, Pennsylvania, Of the Middle States,
paws higher rate than per cent. Bonds at the
rate of 10 per cent are outstanding In the several
Southern States as folowsi Virginia, $4,000;
Georgia. $4,000; Louisiana, $299.OOOt Texas
81 1874, 200; Arkansas, S21,331; Kentucky
$iO8 600. The only Western State whose cities
and towns do not pay as high rate as 10 per cent
ia Ohio. The municipal indebtedness bearing 10 per
cent interest in other Western States Is divided a.
foows: Indiana. $257 900, Illinois. S715. 100;
Michigan. 1907, 900; Wisconsin, $174.511 Iowa.
$llsOOO; Minnesota, $l7O. 100: Missouri,
ST. 287, ,224; Kansas. $500 442; Nebraska. $4O3539;
Oregon, $76.500, California. $231.OOO. Virginia
City. New, pays IL per cent Oh her $112OOO OF
bonded Indebtedness. The only municipal bonds at
per cent are $50 900 in Illinois and $4,000 Ia Mill
pesota.
In eight of tho Southern States bonds are out
staudinu at per cent, as follOws' Virginia.
"a 879 9O1: North Carolina. 1924. 800, South Car
olinu, S033, 900, Alabama. $71s.0O0; Mississippi,
5.4OO; Louisiana. $9s.55O; Texas. $971,7OO;
Kentucky. 5000. In Pennsylvania municipal
Indebtedness is outstanding to the amount OF
&333, 3,143
In the Western States municipalities have issued
bonds at per cent as followst Ohio $4, ,31S923; 4;
Indiana. 1922 700; Illinois. 81. .47152oj Michigan
el,401, 300; Wisconsin. S378.90O; Iowa, S3Oo loo;
Minnesota, $94s. 1875; Missouri. $927.22o; Kansas
$4,000; Nebraska. 900; California, $76s.ooo
OF the entire municipal indebtedness of the coun-
try. aggregating 1904. 8913. the amount at per
cent 10 $1S8 2db. .829 and the amount at per cent
IL $304, ,20e.16s The only States which have not
borrowed money on account Of municipalities at d
per cent Florida, Mississippi. Nebraska. Colorado
Asvsda and Oregon. The ony municipal bonds
bearing 90 low rate Of interes. as per cent are
$9SSOOO, OF which $S59. 900 were issued in Vir-
ginia, and $124, 900 in West Virginia.
The computations in the Census Office have not
yet proceeded far enough to show what proportion
of the aggregate bonded indebtedness natures after
the year 1900. 1t is known that $l4 I73,574 of the
bonded indebtedness In Massachusetts natures after
the year named. According to the above table the
entire municipal Indebtedness of that State Is
&73.090.O19i thus nearly .one-ffth of the bonds
have twenty years or more TO run. II this propor-
tion should hold good in all the States, about
4130000.O00 OF the municipal bonded indebted
ness Of the United States could not be paid until
after the expiration Of twenty years. Probably the
bouds which have the longest time to run, generally
speaking. those which bear the lower
rates Of Interests, 4Aa. and per
cent. Almost all bonds bearing lower
rate than per cent-amounting 70 some
thing more than $l25. .00o. .Ooo-wers issued by
cities and towns in Nsw-England and the Middle
etales The securities Of these municipalities stand
high in the isvesspent world. Many of them are
considered e. des ble for Investments as are United
States bonds 81 the bonds Of the State of Massachu-
! est& q Nsv-York. The fact that there