Arizona republican., 1903-04-17
Arizona's Territorial, County and
 IOHn Indebtedness,

The New York Financial Chronicle of April Il has a "state and city supple ment" of 1SS pages which gives com plete information concerning the in debtedness of every state and territory, and nearly every county and town in the United States. The supplement is of rare value as a book for reference uses.
 The total debt of this territory July l. 1902, was s2.729, ,S39O2. This included a floating debt of SIS, s,s39O2 Since then the bonded debt has been increased by bonds in the amount of S31S, ,O0O to cover the indebtedness of Pima county for the narrow gauge railroad bonds. and in the der of the railroad bond indebtedness of Yavapai county The net debt of the territory has not been increased by these bond issues, however. as the counties mentioned are obligated in like amount to the territory. At this date, therefore, the net territorial debt is not materially different from what it was last year, when it was s1.095,- s11.45. The indebtedness of the terri tory proper is arrived at by deductine . the county and town indebtedness for which the territory has issued its bonds. These various local debts have been covered by territorial bond issue. in order to give the communities the benefit of lower interest rates.
 Such increase as there has been in the floating debt of the territory is due to the extraordinary appropriations made by the late legislature.
 The figures in detail concerning the indebtedness of the cities, counties and towns of the territory are very inter- esting.
 Apache has a total bonded debt of s60,439. County bonds to the amount of s17.O00, bearing per cent interest fall due in 1905. The remainder of the per cent which mature January 1. 1913. The assessed valuation of the county last year was s939,36S.
 Cochise county owes in bonds s11s,- cents will mature January 15, next year. The county has an assessed val uation of s7,49S,40
 Coconino county, with an assessed valuation of s2, O63, ,O1O, had a total debt on the first of February last amounting to s174,000. Of this sum $159, ,OOO is cov- cred by territorial 5 per cents, which mature in 1943 but which are subject to call in 1914. The county bonds, 5000, also bear per cent, and fall due July 2S, next year.
 The town of Flagstaff on January 15 had a net bonded debt of s1O2, 800, due in 1928; interest, 6 per cent. The as sessed valuation of the town is s456, ,262.
 In September last Graham county had total debt of s2O2, 1865. Of this s25,500 is in floating debt. Of the bonded debt 3O,OOO is in gold per cents. part of the issue falling due each year. The remainder of the bonded debt is covered by territorial 5 per cents. The assessed valua ton las. year was s3,35S.933.
 The total debt of Maricopa county as reported by the clerk of the board Of supervisors last month, is s44S2 County bonds in the sum of s15,000 and bearing per cent interest mature De- cember 3, this year. In 1915 per cents in the sum of s2.OOO will fall due. The county has a floating debt of s12,57S. The remainder is covered by territorial per cents. The assessed valuation last year was s10,000, 300.
 The city of Phoenix, with an assessed valuation of s4,960, ,235, had on the first of March total debt of s113,9S9. Of this sum, s73.939 was represented by outstanding warrants.
 Pima county has bonded debt amounting to s575,24O, the sum of s31S.- 900 being covered by territorial per cents, and s210,240 by territorial 5s. The county has an assessed valuation of s3,720,S17 The county of Santa Cruz which formerly was included in Pima county, is liable for ss3,4O7 of Pima county's debt.
 The city of Tucson, the county seat, owes s167 ,OOO, of which s109.000 is for municipal water works. The assessed valuation of the city is s2,300.000.
 Yavapai county is credited with a bonded debt of $423, 164. a floating debt of $167, ,OS5, and a total of s590,249. To off set this there was on January l a sink ing fund of s9O PA. making the net debt $4s9, ,450. Segregated. the bonded debt Is represented by county bonds in the sum of s113,OOO, ' per cents, which ma