50 
THE FISCAL PROBLEM IN MISSOURI 
TasLe 17: Funcrionar CrassiFicaTioNn oF BonD ISSUES 
Source: The Commercial and Financial Chronicle, 
Computed by National 
{ear 
Water 
Roads, 
Streets, 
nd Bridoes 
Sewers 
and 
Drainage 
Schools and 
School 
Buildings 
General 
Buildings 
nd Fire 
i Parks 
and 
Museums 
Electric 
Light 
and (sas 
i915 
1916 
1917 
1918 
1919 
1920 
it 
M3 
“oy 
$239,000 962.500, 
174000 ; 1,595,501; 
9.000 | 221,500 
124000 290,000 
789,000 1.877.465 
745000 244.000 
308/000 1,241,000 
350,000 3,645,000 
1,289,500 6,382,000 
799,000 10,447,000 
35 5048500 15,540,000 
6 2.922000 15,266,000 
227 3510000) 7494000 
1928 | "348,000 | 2,155,000 
1999 1235900" 10.159.000 
$703,208 
394,500 
765,000 
£659,000 
2,334,000 
642,500 
778,602 
363,000 
1,228,500 
494,000 
8,186,000 
841,500 
852,000 
282,000 
267000 
$2,225,75( 
1,310,400 
940,200 
128,700 
1,434,000 1 
349.200 
918,750 
257.600 
992,000 
177.500 
856,000 
+/880,500 
848,000 ° 
"616,400 
727 500 
$532,500 3395,621 $69,200 
139,000 435,000 : 105,000 
252,000 46.000 5,000 
90,000  .. 47,000 
189.000 64,847 | 46,000 
37.500 10,000 70,000 
90,0" .. ‘000 
571,000 347,131 £2,000 
5,547,000 309,801 24,500 
3250000  .. 22,000 
4264000 16,513 45000 
TA77.500 3,500 00,000 
3,930,500 10,000 150,000 
1,042,000 .. 80,000 
2964000 | 250,000 20.000 
nn mtn fry 
1915 
1016 
"17 
“18 
19 
1 
8. 
9 
1 
3 
a 
nn 
2% 2 
4.4 
70 
8.4 |! 
1.0 
0.7 
0.1 
4 
1 
1 
ao 
“1 
27, 
2973 
aA. 
0.9 
16 
2 
D 
® 
®) 
( 
— ! TR < 
* Funding and improvement combined. 
2 Does not inclt °° rzfundin. boa 
for sewers and drainage declined both relatively and abso- 
utely in the later years and those for general buildings in- 
creased greatly. 
A comparison of the state figures in Table 16 with the 
functional data in Table 17 can readily be made, if it is kept 
in mind that the state bonds shown for 1922 and later years 
were issued for only two purposes, highways and soldiers’ 
bonus. Of the $25 million issued in 1922, $15 million were 
for the payment of the soldiers’ bonus. In 1924 an additional 
issue of $3.6 million was floated for this purpose. The re- 
STATE AND LOCAL INDEBTEDNESS 
oF PusLic AuTHoRrITIES IN Missouri, 1915-1929 
State and Municipal Compendium Series 
Industrial Conference Board 
5] 
. Ve Soldiers’ 
Funding | ment Bonus 
Harbor 
Flood and 
Pre- Water- 
vention ! gone 
Rapid 
Transit, 
Ferries, 
Cnnle 
1 Ls 
Trri- 
gation 
Miscel- 
laneous Total? 
$85,000! 
7,500! 
11.300! 
1,550,00C/°° 763,869 
15,000 *,175,900 
300,000 1,550,000 
982,155) 5.320.855 
90,000] 9,285,812 
115,000] 9,357,194 
700,000{11,301,912 
454,125(37,569,856 
47,500(19,187.742 
163,403/40,499,903 
30,000141,056,013 
[32,996,400 
35,000[24,463,355 
25,000(16,548,400 
30,806,500 
61,500] .. 
143,094 . . 
47.560. J $85,000 
.  $15,000,000(450,000 
27,500 | $60,441 .. [279,000 
150,000 © .. 3,600,000] .. 
. » [270,000 
855400 | 449,000  .. {200,000 
588.355 (4,875,500  .. [1700000 
100,000 | 400,000 1 500,000$3,000.0% 
Distribitinn 
I 
0.1 
0.3 
0.7 
12.2 
0.4 . .. 
Ne .. 39.4 
0.1 0.3 .. 
0.4 - 8.9 
2.6 1.4 | i, 
2.4 19.9 . 
0.3 12 
3 Less than one tenth of one per cent. 
03 
6.5 
1€ 5 
~ 
0 
100.0 
100.0 
100.0 
100.0 
100.0 
~N.0 
20.0 
+J0.0 
100.0 
100.0 
100.0 
100.0 
100.0 
Inn nr 
1.2 
0.2 
0.6 
0.1 
0.1 
0.2 
mainder for that year and the state issues in all other years 
after 1922 were exclusively for highway purposes. 
StaTE INDEBTEDNESS 
The amount of bonds issued in any year or over a period 
of years gives no indication of the net bonded debt' or the 
total debt of the governmental division in question. In fact, 
it is possible for net bonded debt to decrease in a year in 
1 Net bonded debt is bonded debt outstanding less sinking fund assets.