New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-11-18
A NEW CENSUS BULLETIN.
FINANCIAL CONDITION OF CITIES.
AN INTERESTING ECONOMIC EXHIBIT By THE
CENSUS BUREAU.

AN INTERESTING ECONOMIC EXHIBIT By THE
CENSUS BUREAU.
Washington Nov. 1.-THE financial condition, In
$780, OF s5s cities and large towns Is shown IN Bnieun
No. H. issued to-day by the Census ONCE wShm
few days supplemental bulletin VIII be issncd'
showing the same facts In relation TO remaining cues
of this size This with the one published to-day, Will
represent about 0j per cent OF the muncpai deot Vi
the United States The statistics presen'ed cover r
each city or town. the bonded debt the hoa"ns depe
and the total debt the cash In tho treasury ana other
available resources the amount In sinking funds and
the total available resources the debt In excess OF
resources resources In Of debt ana tho anhua
interest charged These details are givcn oy groups
Of States for the States individually, ana for cach Oh
the $50 cities and towns.
The general results for the 56s cities anu towns con
sidered are as follows:
The bonded debt for 1880 shows an increase 0, ha
per cent as compared with 1880 the floating de9t nas
decreased II per cent the increase IN tne ,oa uto
in sinking funds has increased 25 per cent the cash
In tho treasury has increased 81 per een, anu cen
1850 In 74s cities and towns in which the debt Is IN
of the resources there has been deste "
per cent in the debt since 1850, III IL e,,es a a"
towns IN which the resources in excess OF the deD
there has been an increase IN resources . o, o
per cent less In amount than u Wa rou nd
The exhibit is WHOLE most satisac .n s
Cities and towns represented in the returns by reducing
their debts increasing their resources nave oeteu
their condition financially to the amount vi F'''
III, O10. ..o.a
The New.England cities and towns have reduced
their debts 81 430 $50, and nave lncrcaseI cf 90
The cities and towns in the Middle states including
Maryland and the District OF Columbia nave Nauuve
their debts $40 III and have increased Their asscs
by the sum Of 81 224 400 making we JOIN
ment in their financial condition 81 "a 2lo. .x,
The Southern cities and towns have increases n1
debts by $3,577,34s: their resources by $42ooo' ;
The Western cities and towns have increased both
their debts and resources. Tho Increase III aEp's
amounts to Sl2,Go6,O7s and in resources to $ll'-
531 ,6S5. ,o.-,, A..
The gross debt in 1880 was $685. 4e4 al the
assets were valued at sI04,343,7s2. The gross debS
in 1890 $745, 9407s6; the resources 500
$45777, 0I0 in tho net debt, which Is reduction OF
013 per cent in the net debt Of 1880
OF the total debt of S7459497s6 the sum q 49, 10
5,JjI, or 0661 per cent, Is bonded wmle NO.
2s4'235, or 800 per cent, is floating debt
Not only has substantial reduction been made IN
municipal debts since 1880 but a reduction OF S;,-
TN. tables The gain has been principally In the clues
and towns in the Middle states, which, as previously
shown have reduced their debts materially. IN the
Middle States the interest rate In 1850 was ooo per
cent: in 1890 the rate had fallen to 4.36 per cent
The general for the United States III 1880 was
5.41 per cent IN lsDO IT had fallen to 4o3 per cent
a decrease OF O.73 per cent. . ooo
OF the a59 cities and towns considered. in 1880
there were TO In which the debt was In excess OF c
resources and 70 in which the resources exceeded the
debts In 1890 there were 746 "a decrease OF 80 III
which the debts exceeded the resources and H. IAN
increase of 3d. I'm which the resources exceeded the
debts The decrease in debt In those cities and
1890 as compared with $780, was S32 47s,247. The
Gain in resources over debt In those cities and towns
in which the resources exceeded the debts In the
same period was $13206772. These figures com
bined give S45 777 Ol0, which has been previously
stated as the exponent of the financial gains Of the
85S municipalities I'm 1890 as compared with 1850.