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Growing Debts of American Cities

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Pacific Press Publishing Company · Oakland, California · Feb 12, 1902

FromSigns of the Times, Vol. 28, No. 7.

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Growing Debts of American Cities

Six years ago Chicago’s city debt was $17,700,000; it is now $26,000,000. Boston’s debt was then $35,000,000; it is now $56,000,000. Cleveland’s debt was then $6,100,000; it is now $9,300,000. Kansas City’s debt was then $900,000; it is now $4,500,000. Jersey City’s debt was then $4,600,000; it is now $16,300,000. The debt of Worcester during that time has grown from $2,500,000 to $6,000,000. Most of the other large cities of the country have increased their debts in about the same ratio.