The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1890-11-18
MUNICIPAL DEBTS.
Financial Condition Of Our
Cities and Towns.
Resources and Liabilities Compiled by the
Census Bureau.
d Gratifying Showing Made by Fifteen Of
the Principal Places In California.
Rates Of Interest.
Special TO THE MORNING CALL

WASHINGTON, Nov. 1.-THE financial
condition in 1890 of S5S cities and large
towns is shown in Bulletin IA, issued today
by the Census Office. Within few days a
supplement bulletin will be issued showing
The same facts in relation to the remaining
cities of this size. This. with the one pub
lshed to-day, will represent 95 per cent Of
the municipal debt of the United States.
The general results for the S58 cities and
towns considered are as follows: The
bonded debt for 1880 shows an increase Of
per cent compared with 1880; on the other
hand the floating debt has decreased II per
cent. The amount invested in sinking
funds has increased 20 per cent; the cash in
treasury has increased 81 per cent, and the
total available resources have increased 30
per cent since 1880. The exhibit Is, as a
whole. most satisfactory and gratifying
one. During the last ten years the s58 eities
and towns represented in the returns by
reducing their debt or increasing their re-
sources, have bettered their condition
financially to the amount of S4OO, ,777,019
Southern cities and towns have increased
their debts by S3,577,3is and have increased
their resources by S420,697 their net
Increase in debt is S3,156,651. West
have increased both their debts aud re-
sources. Tbe Increase in debts amounts to
ST., .078. resources 81, ,531,685: net iu-
crease in debt S1,124, ,393 The cities and
towns considered in the Territories have in
creased their debts by S50.577 and increased
hy-G ,,.af tv,or
577.
An interesting COMPARISON. of the annual
Interest charges in different sections of the
country is made. In the Southern States
the rate has increased from 4.91 in 1880 to
$50 per cent in 1890; in the Western State
It has decreased from 5.7S to $50; in the
Territories, from 1892 to 7.08 decrease of
S,14 per cent. The general average for the
United States has fallen from Sal per cent
IN 1850 to 4.63 per cent in 1890. decrease Of
0.7S per cent.
The following municipalities in California
have resources in excess of their debt: Eu-
reka, Napa City. Oakland and Santa Rosa.
Thirteen States have increased their debt in
ten years, while four States show decrease,
the largest decrease being that OF Califor-
MIA, represented by AZ per ent. The bonded
debt of fifteen California cities was So S42,-
1!5 IL 1880 and is now IS, S99, 800, decrease
OF S1,92,5l5. The floating debt of fifteen
California cities was S39, S03 in 1880 and is
S2a,S96 in 1890, decrease of S14907. The
total debt of the same fifteen cities
was S5,S11,o1S in 1850 and is s3,924. 1856
In 1880, decrease Of S1.957,522. Tie Sink
ing Fund in 1880 was 81, 139, $50, and in 1890
Sl.046, l23, decrease of S93, ,742. The cash
In the treasury of the same cities in 1850 was
S135.46S, and in 1890 1854, S25, an increase of
S449,357. The available resources of the
same cities WAS S1,275, 333 in 1880 and ST.
630.94S in 1880, an increase of S355615. The
debt in excess of the resources for the same
cities was S46S0,693 in 1850 and s., Az, ,S44 in
1880. decrease of So, 207, $40. The resources
IN excess of the debt was $7l, ,1OS in 1880 and
Sl19.396 in 1890, an increase of S1O5, ,2S8.
Inc annual interest charge in 1880 was
$3.50 0l6 and in 1890 S232, 265. decrease of
Sl17,75l. The following table shows the
hnances of the municipalities in detail for
1880 and 1890: