The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1893-11-01

Michigan. there are small amounts
of overdue bonds outstanding,
interest upon which has ceased.
Wisconsin which had 50. 900. 600 of
debt ten yeans ago, has paid it on snd
has now no oh igations. Ohio has Re-
duced her debt from IS, 700. 900 to ST.
zoe, 900. q clear gain of $1,000, 900.
Kansas has only $500, 600 debt, and Ne
braska has only $3.50, 900. Colorado
owes $3.50, 900; Wyoming, $500, 600; Ne
vada, $3.50, 600; Idaho, $14o, 900; Wash
ington, $500, ,0OO. These debts may be
said to be merely nominal when one
contrasts them with the vast resources
available for their liquidation. Two
western states are exceptions to the
general rule of diminished obligations
Indiana and Minnesota. The In
diana debt has increased from S., 0t'o,-
600 to SO, 500, 900 within ten years, and
Minnesota's debt from 800, 900 to
81, 500, 900 in the same period of time.
California has reduced her debt from
So, 800. 900 to So, 900, 900. Oregon has
no debt whatever; neither has Mon
tana. North Dakota owes $500, 900
and South Dakota 81, 900, 900 for obli-
cations incurred when statehood was
acquired. New Jerseys debt is ST.
zoo, 600, Delaware's debt is $780,
OOO. The former has slightly in
creased, the latter has slightly
diminished since 1856. Maryland has
ten years ago. Georgia has debt of
S1O, 900, 900. substantially the same as
in, 1880. Fiorida's debt remains at
the old figure, 81, 200, 900. North Caro-
lina's debt has increased from $780,
600 to $7,7UU,oO South Carolina's
debt remains about as before, S6,600,-
O0u Alabama owes, Sc, ,O00,L00 Mis-
sissippi owes 81 600, 900, the old debt
having been repudiated. Texas,
though growing enormously in wealth,
population, and current state expen-
ses, has decreased her bonded obliga-
tions from S5, $4,000 to Si,20U,C0
Arkansas has in ten years cut down
her obligations from $4,000, 900 to
So, 900. 900. Missouri has c1t down her
debt from Sl6, 900, 600 to SIS, 900, 900, and
Kentucky owes less than $1,0O0,0O
and would probably owe less except
for the dereliction of a recent state
treasurer, who absconded with some
of the states resources West Vir-
ginia has nominal debt of $l35, 900,
and would have decidedly more
if her legislators were willing
to assume her pro rata share
of the former debt of Vir-
ginia, when the counties now COM
posing west virginia Were pSrG OF IL.
West Virginia was Admitted into the
Union on June 10, 1858, tut the,
counties which were consolidated to
make It up refused to pay any part of
the state debt existing at tha4 time, i
and the Virginia legislators, who have
been staggering under a heavy burden
J of debt of their own, have not, of
course, felt desirous of paying off the
obligations which equltably belong to
| the region west of the Alleghanies.
Therefore this portion of the Virginia
debt re111..ei-.s ccoott coot ccc11y unpaid, bat
also unrecognized, and as there is ne
| power under the law to sue state for
a default, or to prosecute its represen-
tatiYes in the legislature for any
| failure to provide for the payment of
its equitable or legal debts, it seems as
if this oSii;;s saSS;6n woGlldd remein DER
manently unprovided for. The num-
Der of states in the Union has in
creased from thirty eight to forty-four
| during the ten years between 1850 and
1890. But the gross debt of all the
states during the same period has
fallen off from 1924, 900, 600 to $224,-
600, 900, net reduction of $40, 600, 600,
or at the rate of 81, 900, 900 year.