Williams news., 1903-05-02
TERRITORIAL INDEBTEDNESS.
Complete Indebtedness of the Counties
 and Cities of Arizona.

information concerning the indebt- edness of Arizona. According to this paper the total debt of this territory July 1, 1902, was $2,729,- S39.O2. This included d floating debt of $119,S39.O2. Since then the bonded debt has been increased by bonds in the amount of $31S,- GOO, to cover the indebtedness of Pima county for the narrow gauge railroad bonds, and in the amount of $29, ,OO0 to cover the remainder 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 ob- ligated in like amount to the terri tory At this date, therefore, the net territory debt is not materially different from what it was last year, when it was $1,O95, 5,S11.45. The indebtedness of the territory proper is arrived at by deducting the county and town indebtedness for which the territory has issued it's bonds. These various local debts have been covered by territorial bonds issued in order to give the communities the benefit of lower interest rates.
 The figures in detail concerning the indebtedness of the cities, coun- ties and towns of the territories are very interesting.
 Apache has a total bonded debt of $6O,439. County bonds to the amount of 17.OOO, bearing 7 per cent interest, fall due in 1905. The remainder of the debt is covered by the territorial bonds at 5 per cent, which mature January 1, 1943 The assessed valuation of the coun- ty last year was $939,3 ,36S.
 Cochise county owes in bonds $11S,OOO. Of this amount $54, ,79O in 7 per cents will mature January 15, next year. The county has an assessed valuation of $7. .49S, ,4O7.
 Coconino county, with an as- sessed valuation of $2,O63,O1O, had a total debt on the first of February last amounting to $174,OOO. Of this amount $159,OOO is covered by the territorial 5 per cents, which mature in 1943, but which are sub ject to call in 1914. The county bonds of $15,OOO also bear 5 per cent, and fall due July 2S, next year. The town of Flagstaff on January 15 had net bonded debt of $102, 800, due in 1928, interest 6 per cent. The assessed valuation of the town is $456,262.
 In September last Graham coun- ty had total debt of $2O2, ,S65. Of this $25, 800 is in floating debt. Of the bonded debt, $3O,OOO is in gold 7 per cent, part of the issue falling due each year; the remainder of the bonded debt is covered by terri torial 5 per cent. The assessed valuation last year was $3, 1858, ,933.
 The total debt of Maricopa coun- ty as reported by the clerk of the board of supervisors last month. is $448,214. County bonds in the sum of $15,OOO and bearing 7 per cent interest mature December 3, this year. In 1915 7 per cent in the sum of $2OOO will fall due. The county has floating debt of 12,- 57S, the remainder is covered by territorial 5 per cents. The as- sessed valuation last year was $1O,- 100000. The city of Phoenix, with an assessed valuation of $4,96O,- 235, had on the first of March a total debt of $113,939. Of this sum, $73,939 was represented by outstanding warrants.
 Pima county has a bonded debt amounting to $575, ,24O, the sum of $31S,O0O being covered by terri torial 8 per cents and $21O,24O by territorial 5 per cents. The county has an assessed valuation of $3,72O,- BY. The county of Santa Cruz, which formerly was included in