The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-10-23
Debts OF Cities.

lFmladelphia Press
Ihe total funded debt of PHILADELPHIA
according to the comp.r)ller's rccort r.
councils is s57,23s.O 95 Against this l. SIR
$4,000 of city loans In the sinking fund
when the supreme court decided in 1891
are no longer part OF the debt OF the
city but were paid when they camo into
| The possession of the city. This makes zoo
| real debt of the city s33 39S .3t7, which ,s
offset by $l,223, 900 in securities in the sink
ing iund other than the city loans. This
Is not such big deb. for such big town
but it will grow faster than tn, citv will
IL has increased since January 1, 1897. nv
SS'Z49'9H, and the pending loan bill. when
passed, will serve To increasa /, still Az
ther until 1t will fall little short Of $780,
900, 900.
The debt of the city Of Chicago was ie-
ported in the spriag of 1896 at s17,ISs. $50
the assessed valuation at $50 900, 800 Ire
valuation of taxahls property in Philadel-
pnia is Ss42sso,7oo, AS Chicago has a lar-
ger area and a larger population than
Philadelphia its properly MIST be assesseo
on somewhat different principle than pre-.
va'ls in this city. Its debt. too. Is growing
ny the issue OF bonds to build its costly
s seSi nna cara.. bos-on bonded debt Is
sSo,Voo,ooo With population OF i94. 900.
The Greater New York debt ASSUMING
and aggregating the indebtedness OF its
various parts, will have city debt OF
a a. oa sao 100000 on a valuation OF about
sS,ooooVo,oo0. The total debt of tho
Greater New York. philadelphia, Bosto,
and Chicago will average $50 per CAPITA
IN Philadelphia 1t will be somewhat les,
ona THIS, even after the proposed 81, OOO.-
wv loan Is added to the debt. In Greater
capita wa NC gov pet
II It Is ever possible for a civ n ha
completed then 1t can pay its debt hus
"hiie II is growing and extending doht
seems TO be an inseparable condition az n.
ueNeiopment. Where this debt represents
permanent improvements II is right ana
lair to extend the time Of payment over a
nuhper OF years. When money ia bor-
ruwea Tor expenses which recur each wear
ana shouid be met out Of the Income Of tho |
- ,nat clty Is mismanaged aud the bur |
upon the children. who will have sufacisn.
troubles aud current needs Of their avn
without also paying debt from which
hey nave received no benefit.
''etting Something From Notb,,.
Aithough 1t IS generally known that !,
IS impossible to get something from noth.
ing stIi there are many who persist In
attempting to get work. flesh and milk
Nithout giving the food necessary f,r
heir production. The Farm Gazette saws
mai " Is with the dairy COW as with an
'unsr animals; she possesses no mower -
, ,e something from nothing To
~, ,n,Ners iood into milk Is her fiinction
~, psiofe she can do th.s food must he
y nisned in sufficient quantItv n m, ne
n mani supply bpE the the needs Of her body. No
,ow she may be. she IA going 10 smmn,o
=; needs OF her body before she f,rn uippy
',tN TOT ner owner Therefore uhi,a .ss
I pung q the COW Is not to be und te ,S
Nv nave an abundance OF foo5a ' shhe
y ~ pc looked upon as a deiicnte , nne
u n az hay and gram INTO MIL ','ttp'errrn,
IT, VINO looks upon the cow n a o.s, ne
IN t,,r, na' san supply him with mill :,
MINIS ~ pays best to buy butter VINO