Bulletin Volume 19-20 (Paperback)

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1905 Excerpt: ...their pay ments for outlays from revenue as well as those from loans. The marked increase in debt was accompanied by a still greater increase in the acquisition of fixed property. The foregoing comparison does not fully set forth the facts to the credit of the cities, since the sinking funds and other permanent funds each year purchase some city securities from the publie, in addition to those purchased, as above stated, from the city. As a result, the debt obligations held by the public increased in 1902 by only $40,493,090, while the excess of the receipts from the public over payments to the public were $53,288,311; and in 1903 the debt obligations held by the public increased only $82,034,139, as compared with an increase in net receipts from the public of $85,473,872. Taking these facts into consideration, it is found that the outlays met directly or indirectly from the proceeds of revenue were, in 1902, $89,461,969, and in 1903, $95,502,453. Some of the difference shown by the comparison first made vanishes when consideration is taken of the purchases of city securities by the permanent funds. Table 36. Classification of piiblic debt by character of loans.--The character of public municipal loans and other written instruments evidencing public indebtedness, and the circumstances under which they are made, differ so widely that any exhibit of the total without classification must be subject to many just criticisms and objections. Such an exhibit would not in all respects be comparable as between the several cities. To obviate this and to make the statistics of debt for the different cities as comparable as possible, the Bureau of the Census has sought to secure the separation of outstanding obligations into six classes designated as follows: "Gene...