The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-11-19
DEBTS OF THE CITIES.
TEE SHOWING MADE IN A CENsCs
OFFICE BULLETIN.

z-s Net Debt Of the 85S Towns Gov
ered in the Report Now S455, 373,-
e4o-In 1880 1t Was S5o1, l5o,e5e-
4 Decrease of Nearly l Per Cent. in
the Rate of Interest.
WASHINGTON, Nov. 1.-THE financial
| condition in 1890 of SIS cities and large
| +,<ns is shown in bulletin No. ii, issued
| .o-dsv by the &c nsus office. Within few
| 5svs supplemental bulletin will be is ued,
showing tie same facts in relation to the
ranaining cities OF this size This, with the
one published to-day, will represent about
AZ ner cent. OF the municipal
.sbt II the United States. The
..sds+ios presented cover for each city or
,orn the bonded debt, floating debt and
.,,al debt: cash in the treasury and other
ovsilable resources; the amount in sinking
s,,de and the total available resources
80 in excess of resources; resources in
avcess of debt and annual interest charged
These details are given by groups of states
tar the states Individually and for each Of
the SIS cities and towns.
THE SHOWING MADE.
Tho General results for the SIS cities aud
.o1rns considered are as follows: The
bonded debt for 1890 shows an increase of 8
rer cent. as compared with 1880. On the
ootber hand the floating debt has decreased
- nar cent. The increase in the total debt
- The ten years is per cent. The amount
irvested in sinking funds has increased IS
ar can't The cash in the treasury has in
ee~sased 81 per cent. and the total available
resonrces have increased 80 per cent. since
1880.
In TAG cities and towns in which the debt is
IN excess of the resources there has been a de-
.Tease of 6 per cent in the debt since 1880.
In 112 cities and towns, in which the
rasources are in excess of the debt, there
has been an increase in the resources of
II. "a per cent. in ten years
The annual interest charged in 1890 was
nsr cent less in amount than it was In
1850 .....---- 80
HIGHLY SATISFACTORY.
The exhibit is, as a whole, most salts
factory and gratifying one. During the
last ten years the S5S cities and towns rep
resented in the returns oY reducing their
debts or increasing their resources, have
hattered their condition financially to the
amount of $45, IN, 0i9
The New England cities and towns have
reduced their debts 50, 439 $50, and have in
creased their resources by $118, S91, making
a ioint gain OF 81, 55S, 430.
The cities and towns in the middle states,
including Maryland and the District of
Columbia, have reduced their debts S46,-
81, III, and have increased their assets by
s., pa, 400, making joint Improvement in
their financial condition of S47, 547, 2l0.
The southern cities and towns have in
creased their debts by s., 577, 34S, but have
Increased their resources by 1920, 697. Their
net increase in debt is expressed by SO, 1885,
Isl. .....
The western cities and towns, like the
H1t
ard their resources. The increase in their
debts amount to $12,656, 078. and the IN
grease IN their resources to 81, 5SI ,6S5 The
pet increase in the debt is 81, l24. 1893.
TIE GROSS DEBT.
The gross debt in 1880 was s695, 494, 741.
fhe assets were valued at 1894 343, TO,
eavlng a net municipal debt for the cities
snd towns considered of S5O1, $50, $50.
The gross debt IN 1890 was $745. $40, 1856
Fbe resources amount to S290, 575. $40, CIV
BE- Q net debt of '$455, 373, $40.
These figures show a decrease, as before
taed, of S45. III ,019 in the net debt, which
q reduction of 9.13 per cent. in the net
Iebt of 1880.
In the New England states in 1880 the
Dnual interest Charge represented 4. IS per
snt of the gross debt; in 1890 the rate had
aisn to I. 10 per cent, a decrease of so per
benz.
III the Uluule states tue TdUe IN 1901 was
LIS per cent. In 1890 the rate had fallen
b A56 per cent, a decrease of LIP per
Bent
In the southern states the rate in 1880 was
al per cent. 1t has risen in 1890 to $50
per cent, an increase of 0.65 per cent.
The western states showed an average in
terest charge of SIS per cent. in 1880. In
S9Oit had fallen to $50 per cent, decrease
pf Q28 per cent.
The general average for the United States
hn 1880 was Sal per cent. In 1890 it had
Fallen to 4.63 per cent, decrease of 07S
per cent.