The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-19
80 pEers 81 &c srArgs.



W5thin Twelve Years There Has Been q
General Reduction.
New York sun.
Remarkably healthy and crcditable Is
the SHOWING made By the states Ia their
for publIc purposes.
The forty-nvo States have. collectively.
bonded debt Of $500. 600 and. although
other debts. municipal and county. have
been increasing largely Of late years.
State debts have, In most eases, fallen
on
Tho state which has the largest debt
contracted through obligations cntaiied By
the Civil war--Is Virginia. which owes
So4, 600 In bonded debt. Twelve years
ago Its debt was Ssl,O10.01o ard 4 has
reduced the amount by 100000
The financial credit OF Massachusetts Is
so high TINT Il has, since 1890, been
pledged 10 sundry towns for local liabil
tiles. the payment q the bonds Issued Tor
which Is provided for By direct taxation.
The actual State debt which was IS.
100000 in 1890 "a now ST., 400 900. rcduc
ton OF S15.6o1.U00.
The debt Of Tennessee. which. next to
Virginia, suffered most from she Civil war,
is now S16,20o,Oo1. Twelve years ago Il
was Si6,6np.V0Q. S4o0Q0U more. During
this period the population 81 the state has
Increased u quarter II a million.
Louisiana has q state debt Of slQ,S11.
600 Twelve years ago Il was Sll, so. coo,
q reduction OF Si,0Q1,Ogo.
New York's present debt. Insignificant
when compared with its manifold assets
Is Sl0.Qo0,U09 an Increase OF SA5Du.ugO
compared with what IL WAS twelve years
ago. This Increase s. due, almost eL-
clnsively, 70 the canal debt, now $500
COO authorized IN 1905, and of what re-
n II FMS ia
acquisition OF Adirondack park lands.
The debt 0f Alabama L. Sa,5qA.U00. o.
Pennsylvania S7.SN.WQ. decrease If So
100000 In twelve years; Of south Carolina
tlon since 1890 81 S2,4uoU11 and Of Mis-
slssirpl S2.s01,000
Texas has reduced lis State debt In the
same period from 81 $4,000 20 S715.OO0,
Arkansas from S2,coO.yD IN 100000.
North carolina from ST.To0.HJl 90 $500
900 and Maryland from $1,000. 100 10 81
10000. partly By dlsposing Of It's railroad
Investments
The debt Of Kentucky, never large, has
been Increased 50 per cent ip twelve years.
II Is now Si.loo,oJo. Nebraska has no
State debt Neither has West virginia
nor New Jersey. which owed Sl.25RU91
twelve years aEo
Illinois, Iowa and oregon have no state
debts which having matnrcd are payable.
but they have snail outstanding obllga
tons which have either not been presented
fog payment or have not Riatured. These
obligations amount 10 Sis 90 ln the case
Of Illinois. $4,000 80 that % Iowa and
1905 in thar ~ Oregon
Wisconsin owes s. gsl ON Michigan
S4Q0,OoO. 40 lnconsidcrubie sum Tor The
large state; Indiana 50 0gn against
$4,000 SO lssAl; Vermont S235.00o Gals
furnia $. $4,000. Connecticut 81 T04. uJt
khnsas $4,000. Missouri S5,B1o.o11
against 10000 twelve years aco. alun.
tara Se000o0. Ohio s4yqn5j Rhode island
$4,000 and Maine $4,000 uE
The credit Of the American States Is mn.
e1celied, the rates nt which they can Dor
row money are low. The need ~ rubiic
improvements, BUILDINGS aud wuferv 8ys is
often urgent, ana ~ the solycncy OF Amer.
lean states % pay Tor these there Us no
question. hut the policy ~ aIi the States
is q dimlBish not io iperease tue debts.
and COLLECTIVELY the States have done 50
and are doing so.