The total county debt in 1913 amounted to $393,207,000, of

which amount $371,528,000, or $4
The total county debt in 1913 amounted to $393,207,000, of
which amount $371,528,000, or $4.33 per capita, was net debt.
The net indebtedness increased by 89 per cent. between 1902 and
1913, and the per capita net indebtedness by 55 per cent. By
far the greatest item of indebtedness in this country is that
of municipalities. This amounted in 1913 to an aggregate of
$3,460,000,000, of which $2,884,883,000, or $54.27 per capita,
represented net indebtedness. The rate of increase in net
indebtedness between 1902 and 1913 was 114 per cent.


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