64 THE FISCAL PROBLEM IN MISSOURI
only 2 states of the group for which data are given. The
net bonded debt of Illinois amounted to $147.4 million, and
that of Arkansas was $80.6 million. Of the remaining 9
states, Kansas had a net bonded debt of $25.4 million; 5
other states had net bonded debts ranging from $2 million
to a little more than $15 million; and 3 states! had no net
bonded debt whatever. At the end of the fiscal year 1927
the net bonded debt of Missouri was exceeded bv only 1
CuarT 2: Per Carita Net Bonpep DEBT oF Missouri,
1913, 1918, anp 1923-1928
913 $0.05
[G18 Q.70
1023 7.96
1924 1.10
1928 |4 57
1928 17.96
1927 18.40
1928 17.98
state, Illinois, and at the end of the fiscal year 1923 Mis-
souri’s net bonded debt was larger than that of any other
state in the group. It is evident, then, that between 1923
and the latter part of the period the net bonded debt of
both Illinois and Arkansas increased more rapidly than that
of Missouri. The increases in these 2 states, furthermore,
were much more abrupt than in the case of Missouri.
The per capita figures in Table 18 provide a better basis
1 Nebraska, Wisconsin, and Kentucky.