The fiscal problem in Missouri

Bibliographic data

Monograph

Identifikator:: 1833271335

URN:: urn:nbn:de:zbw-retromon-230042

Document type:: Monograph

Title:: The fiscal problem in Missouri

Place of publication:: New York

Publisher:: National Industrial Conference Board, Inc.

Year of publication:: 1930

Scope:: xvi, 359 S.

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter II. State and local indebtedness

Collection:: Economics Books

STATE AND LOCAL INDEBTEDNESS 65 for interpretation than the absolute amounts. Missouri's per capita net bonded debt in 1923 was larger than that of any other state in the group. In all later years, Illinois had a higher per capita net bonded debt than Missouri. For 1924 and 1925 the per capita debt of Kansas was higher than that of Missouri, and for 1928 Arkansas also had a higher net bonded debt on a per capita basis than Missouri. For the period 1923 through 1928, the per capita net bonded debt of Missouri was more nearly comparable with that for {linois than with that for any other state in the group. The change in the debt policy of a number of states be- comes apparent when the per capita data for 1913 and 1928 are compared. In 1913 only Oklahoma had per capita net bonded debt in excess of $1.00, while in 1928 four states had per capita net bonded debt of more than $13.00. TaBLE 19: Ratio or State NET BoNDED DEBT TO WEALTH, Missourt AND OTHER STATES, 1928 Computed by National Industrial Conference Board State Missouri. . . Co Minnesota. .... SRA RE iowa. ..... Caen. Nebraska. . .. eee Kansas. .. .. Oklahoma... ... Sa Arkansas. . . caw (lincis. ..oovveeeene nnn. Indiana. .....cooeveeeeennnnnn Ohio... viverra oa Wisconsin. ... .. Kentucky. Net Bonded Debt 19281 564,441,630 8,608,569 15183.990 25,426,651 2,706,917 80,557,125 47,403,829 2,062,500 8.981.980 Estimated Wealth—19282 in Million Dollars 511.261 81 352 1800 771 01 > 866 ‘4.276 169 21 = Ratio: Net Bonded Debt to Estimated Wealth Per Cent 0.57 0.09 0.13 0.38 0.06 2.81 0.61 0.02 0.04 t Data from Table 18. . Data from Conference Board Bulletin No. 38, February 25, 1930. Probably the best basis for interpretation of debt statistics is to consider the ratio of net bonded debt to wealth. In Table 19 the net bonded debt of the several state govern- ments is considered in relation to their wealth as estimated for the year 1928. In spite of the large increase in indebted- ness, the ratio for Missouri is only 0.57%. Only one state in the group, Arkansas, shows a ratio of net bonded debt

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