Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-11-18
Financial Report.

WASHINGTON, Nov. 1.-THE financin!
condition in 1896 vi $50 cities and large
towns is shown in bulletin No. II, issued
to- day by the census office. Within few
days supplemental bulletin will be issued
showing the came facts IN relation to the
remaining cities of this size. This. with
the one published to-day, will represent
about 50 per cent. OF the municipal debt
OF the United States. Stutis-
tics presented cover for each
city or town the bonded debt,
floating debt and total debts, of cash in
the treasury and other available re-
sources, amount of sinking funds aud
total available resources, debt in excess
OF resources, resources IN cities
in debt and annual interest
charged. These details are given
by groups Of states, for states individ-
uallv and for each of $50 cities aud
towns, The general results for the S5S
cities and towns considered are as fol-
lows: The bonded debt for 1890 shows
an increase OF per cent, as compared
with 1880; on the other hand
the tloatng debt has decreased
Il per cent. The increase IN
the total department in ten years is 7 per
cent, the amount invested in sinking
fund has increased 2S per cent. the cash
in the treasury has increased IS per
cent. aud the total available resources
nave increased so per cent. since 1880.
The exhibits as a whole is the most
satisfactory and gratifying one during
the last ten years. The S5S cities aud
towns represented IN the returns, by re-
ducng their debts or increasing their re-
;S4urces, have bettered their condition
financially 20 the amount of 81, $40 ,7l9.
Southern cities and towns have in
creased their debts by So, 577 ,348, but
have increased their resources S420 ,691.
Their net increase in debt Is expressed
by S3l5 ,G65. Western cities and towns,
like the Southern, have increased
both their debts ard resources. Increase
in debts amounts to SIP ,65G ,07S, aud
increase in resources 81 ,l24 1888. SILL
53l $50. The net increase in debt is
81 1874 1893. Cities and towns con-
sidered in territories have in
creased their debts $50, 57, and have
increased their resources by 1000; net
increase In debt is S47 ,577.
The total available resources are
$500, $50 $40. The sinking funds repre-
sent SI47. lSl. l9l. or 60 per cent,
while SAB 1914 ,S55 or 40. So per cent.
are in cash or other available
resources. The total available resources
represent So. 90 per cent. of the gross
debt, leaving 81. 05 per cent. for future
liquidations.
An examination of the annual interest
charges as compared with the
gross debt at interest discloses
some interesting comparative rates
of interess in different sectious of the
country. In the Southern states the
rate in 1880 was 100 per cent. 1t has
risen to $50, an Increase of .65 per
cent. Western states showed an aver
age interest in charge of SIS per cent.
In 1880 1t had fallen to $50 per cent,
a decrease of 0 .2s per cent. The terri
tories ID 1880 had an average interest of
1882 per cent. This had fallen to los
per cent in 1890, or a decrease OF S.74
per cent. The general average for the
United States in 1850 was Al per cent;
in 1890 it had fallen to I SO per cent. q
decrease of 0.7S per cent.