The Lubbock avalanche. (Lubbock, Tex.) 1909-1922, 1914-04-30
TEXAS STATE DEPARTMENT
Report From Bureau Of the Census
Department Of Commerce Com.
piled BY Special Expert

= W hthlii1ANiss nIi So A'Nh'Ah"fF
figures from the forthcoming bulletin
I pertaining 10 national aud state in
I debtedness and funds and invest
ments have been given out by Direct
or W. j. Harris OF the Bureau OF
! the Census. Department Of Com
merce The bulletin carries lnfo1na-
ton for the State OF Texas, as well
as for the other states and the Unit
Cd States The data were compiled
under the supervision Of Mr.. John l..
Coulter. expert special agent in
charge of the inquiry on wealth, debt
and taxation.
The bulletin which will soon be is.
sued will contain statistic for each
state for each year from 1890 TO
1913. Inclusive. as FAR as statistics
are available. and viii also contain
details for the year most nearly cor
responding 10 1880. thus making il
possible 10 show the general move
ment during a period OF over 30
years
The bulletin will show the total
debt Of the states, as well as many
details. such as the various classes
~ outstanding bonds and special debt
obligations TO public trust funds Il
win also show the floating debt and
It's component parts. Under Funds
and Investments" will be shown sep
arately an the different funds. and
In each case cash and securities will
De shown. The population OF the
states for each year under consld
Grafton viii be used. and the per cap.
TIA debt Cess the sinking fund as
setsl will be- given.
An inspection OF the tables for Tex T,
as in the bulletin soon 10 be issued
shows that only biennial reports were
obtainable from 1902 TO 1919 There
WIS comparatively small change in
the bonded indebtedness. H,23s 900
in 1890 declined to s3.97s, 100 in 1912. F.
No special debt obligations TO p,rslic
trust funds were recorded IN any
year. The floating debt reached the
maximum amount. s710e00. in 1895.
decreasing and finally disappearing
in 1902 In 1910 $4,000 was ouistand.
inc. this amount increasing 10 s679.-
coo in 1912.
In the case Of funds and invest
ments the securities increased from
81 .sa3 900 In 1880 TO sg9,07g.0o0 in
1919 The cash huctuated naturally
from year to year. rising 20 1885, 600
IN 1899. but subsequently, falling to
81 1913 400 in 1912
No sinking fund assets. as such I
were recorded In any year. leaving (
the debt (less sinking fund assets (
the same as the total debt from 1920
10 1912. in 1850 o sinking fund OF
s. 90 was reported which was in
significant when compared with the
total debt
Although the debt OF the state in
creased slightly during the So-year
period. the population increased sur
hcienuy TO reduce the per capita
ieb,.
In 1850 the total debt OF Texas az
the close of the fiscal year Gang 80 I
WAS s.. 56T00o: in 1890. il was si23S,-
200; and In 1872. II amounted to
81 s5G.oOo The population Of the
state increased from 1872 600 in 1850
10 f0s6.ooo in 1879, being sufficient
o onsett the increased Indebtedness
md bring about decrease in the
per capita debt In 1850 the per CAPT
"a debt was s3.55. In 1890 Il feli TO
= 50. decreasing 20 si.1i IN 1912
IN contrast with the State Of Tex
~ We dnd that taking the entire
ieht Hess sinking fund assetsl for
ne IS states the per capita. accord.
ng 70 the latest reports Is $3.50. or
2.3s more than the per capita debt
OR Texas. COMPARING the decrease
n the per capita debt OF Texas and
ne IS states Tor the sQ.year period.
'e End that Sis fell to $500 in the
.veruee Tor the q states, and the
sos per capita fell 10 ii.if IN Texas.
a. the present time about a. per
ent Of the total population ~ the
inlted States VIII be- fornd Ia Texas.
nd 2 per cent OF ne total debt fless
linking fund assets) Is attributed 10
hat state