Iron County record. [volume] (Cedar City, Utah) 1893-1982, 1914-05-01
NATIONAL AND
STATE DEBTS.
Utah's Per Capita Debt is 10 Cents
Above the Average For the u.
Slow IL is Increasing.

DGDdIJi1tIlJ VI OOIUHltINtg
of the Census, Washington, ID. c.,
April %, 1914.--Preliminary figures
from the Forthcoming bulletin per-
tanning to national and state indebt-
edness and funds and investments
have been given out by Director w.
J. Harris, of the Bureau of the Cen
sus. The bulletin carries informa-
ton for the state of Utah, as well as
for the other states and the United
States, The data were. compiled under
the direction of Mr.. John Lee Coulter,
expert special agent in charge Of the
inquiry on Wealth, Debt, and Taxa
ton
The bulletin, which will soon be is
sued, will contain statistics for each
state for each year from 1890 to 1918.
inclusive, as far as statistics are avail
able, and will also contain details for
the year most nearly corresponding
to 1880. thus making il possible to
show the general movement over a
period of over 80 years. The bulle-
tin will show the total debt of the
states as well as many details, such as
the various classes of outstanding
bonds and special debt obligations to
public trust funds. II will also show
the floating debt and it's component
parts. Under Funds and invest
ments" will be shown separately all
the different funds, and in each case
cash and securities will be shown.
The population of the states for each
year under consideration will be used,
and the per capita debt (less sinking
fund assets) will be given.
The Tables for Utah. :
An inspection Of the tables for Utah
in the Bulletin soon TO be issued shows
that complete statistics for the float
ing debt and funds and investments
were. not available. The bonded in
6ebterlness' increased from $450, 900 in
1seO.to $l,46O,pOO ip 1911; in 1912 it
amounted to $1,210,0OO. No special
debtSobligations to public trust funds
we're. reported except from 1900 to
1906 inclusive, when 100000 fell to
$4,000 The floating debt amounted
to $220,000 in 1912.
Funds and Investments.
In the case Of funds and invest
ments the statistics for both cash and
.sssSHr;t ties We're incomplete; the Sc.
curities show a general tendency to
increase---from 100000 recorded in
1897 to S2,716,000 in 1910, since which
time no report was obtainable. The
cash also advanced from $421 900 in
1896 to $1,662,000 in 1912. No sink
ing fund assets, as such, were recorded
in any yearthus leaving the 1cit (less
sinking fund assets) the same as the
total debt The increase OF the state
debt.wasssg spsd tbatialtheugh there
wasSa stsaay sjapf6sSss igy population
DECREASE n II ssSse %abitalY INDEBTED @e
nesss sssq snils snt' ~, p"
How uiGssSAlfpsss$9R. Interesting. i.rt
In, 1880 the total debt of Utah at
the close Of the fiscal year, December
81, 5000; in 1890 it was $780,
000;ein 1896 it rose to 81 ,O03, 900; and
in 1912 amounted to $1,430,000. The
population of the state increased from
$4,000 in 1880 to $4,000 in 1912, but
this was not sufficient to Offset the
increased bond issue and reduce the
per capita debt. In 1880 the per cap
ita debt was 5000; in 1890 it was 81
10; in 1896 it rose to 81; but in 1912
had fallen to 1882.
. Utah's Per Capita Above Average.
In contrast with the State of Utah,
we find that, taking the entire debt
(less sinking fund assets) for the As
states, the per capita debt, according
to the latest report, is 1852, or SOTO.
less than the per capita debt of Utah.
Comparing the movement of the per
capita debt of Utah and the AS states
for the 30 year period, we find that
while the per capita debt for the 4s
states fell from S5.4S to S3.52, that
for Utah rose from 5000 to 1892.
At the present time about 0,4 per
cent Of the population of the United
States will be found in Utah, and O.4
per cent. of the total debt (less sink
ing fund assets) is attributed to that
state.