The Mankato free press., 1915-03-26

fund assets will show total net pub.
| lie Indebtedness, for the year 1919, or
| $4.S50. .460,713, or S49.97 rer capita
an increase OF more than two billions,
| or 100 per cent. over the amoun,
reported for 1902, which In turn was
42.7 per cent more than I'm 1890. (By
met Indebtedness" Is meant total or
gross debt less sinking fund assets. }
The per capita net Indebtedness in.
creased by 3S.S per cent between 1902
and 1918 and by 1873 per cent between
1890 and 1902.
| The 1918 total comprises q national
or federal debt OF $l,O2S, S,564. .O55.
state debts amounting TO $345, 5,942. .3O5.
and an aggregate Indebtedness for
counties, municipalities, and other
minor civil divisions of s3.475.954,353.
The per capita net Indebtedness OF
the nation decreased from sl3.60 I'm
1890 to s12.22 I'm 1902 and to SI0.59 IN
1913: the per capita net Indebtedness
OF the states decreased from s3.37 I'm
| 1890 to $500 in 1902 but increased TO
S3.57 I'm 1913: and the per capita net
Indebtedness OF counties. municipali.
/ ties, etc, increased from S14.7g in
1890 TO s2O.7i In 1902 and 10 1851 In
1913. .. BIZ
County and Municipal Debt.
This bulletin. which is one of a Sc
ries of eight. all pertaining to the gen.
eral subject of health. debt, and taxa.
tion. relates especially to the mdebt.
edness of counties. municipalities,
townships. school districts, etc.
The total net Indebtedness OF coun.
ties. municipalities, etc. I'm 19I3-in
round figures. $3.476. 900, ,O0O-was
made up as follows: Counties, s371..
| 200. 900. or 10.7 per cent: cities. incor.
porated towns and villages. etc.. ST.
| SS5, 100000. or 81 per cent: unincor.
porated towns, townships. precincts,
| and special districts created for such
purposes rs road and leyee construc-
tiOn. drainage. irrigation. fire prntec-
iion. etc., Sl0C too lO0 or % per cent
Independent srhG0l districts outside
! OF cities. towns. and villages having
| over $500 inhabitants. s11S,90J. 900,
or 3.4 per cent. This aggregate of sS..
i7G,000,00o In 1913 represents an in.
crease of almost sl,S46, ,OO0. 900. or
1872 per cent, over the amount re-
ported for 1902 II is believed, how.
ever, that a small part OF this indicted
increase is apparent rather than real,
being due TO a more thorough canvass
In the latter year. The rate of increase
between 1890 and 1902 was 76 nor
cent.
Per Capita Indebtedness.
The per capita net Indebtedness ef
counties. municipalities, etc, I'm 1918
was S35.S1. and the percentages OF in.
crease between 1902 and 1913 and be.
tween 1890 and 1902 were. respect.
lively. 72.7 and 400.
The net debt oil counties, municipali.
ties, etc. was greatest In New York
state, where il amounted. in round
figures TO $l.0iG.000. 200 in 1913 an
increase Of 1888 per cent "a compared
with 1902: the rate Ci increase be-
tween 1890 and 1902 Was 1852 per
cent. Next 70 New York In rCspact TO
size OF county and municipal net in
debtedness came Pennsylvania and
Ohio. with s246.OO0. 600 and 1924. 800.
0"O. respectively. in 1918. The small
est net debt in that year Was for Ne
vada. s2,5T5 600.
or greater significance, however, are
the figures OF per capita Indebted.
ness. Here again New York headed
the list, with net debt of counties.
municipalities, etc. amounting In 1913
TO S1O7.71 per capita. an increase OF
9o.i per cent as compared with 1902.
IN which year the per capita figure
was Io.1 per cent higher than in 1890;
the second and third highest per cap.
ita amounts were for Washington and
New Jersey, s70.2l and s61 Sc, re.
spectively, in 1913: and the smallest
per capita figure for that year was re.
ported by Arkansas. S7.5S. For Pen.
nsylvania and Ohio. the states having
the second and third largest net in
debtedness CT counties. municipalities.
etc. in 1913, the per capita figures
were S3O.S4 and s47.23. respectively:
and Nevada, In which state the total
net Indebtedness was smallest in 1913
reported per capita net debt of
S2T.19 i'm that year. s-5i- ,..,g
The District OF Columbia showed a
decrease of s5,500,000. or 37.7 per
cent. in net municipal debt between
1902 and 1913, but in no state except
New Hampshire was there found a
decrease In this respect: and in only
three states-Rhode Island, New
Hampshire. and New Mexico-and the
District OF Columbia did the Der CAPT
Ia net Indebtedness of counties, mu-
inequalities, etc. show decrease as
compared with 1902. The rate OF de.
crease for these states and the dis
trict were as follows: Rhode Island,
1913 per cent: New Hampshire, 80
per cent: New Mexico. 1.6 per cent;
District Of Columbia, 4S.4 per cent.
The County Debt.
The gross county Indebtedness was
S393.000,000 i'm 1913, of which amount
s21.7CO.O00, or SIS per cent, was pro-
yded for by the assets of sinking
funds. Funded or fixed debt consti.
tuted Si.5 per cent of the total gross
debt. while the remaining 155 per
cent was made up OF current and
floating liabilities. such as special
assessment loans" for street improve
ment and the like, revenue loans" or
interest bearing obligations running
less than year, and warrants, orders,
vouchers. and audits. due but unpaid
at the close of the fiscal year.
The net Indebtedness of counties
increased by 35.5 per cent between
1890 and 1902 and by 80 per cent be-
tween 1902 and 1913, while the per
capita net county indebtedness in
prpacad h,, NOR na,. .oan