Rensselaer Republican, Volume 24, Number 6, Rensselaer, Jasper County, 8 October 1891 — DEBT-RIDDEN CHICAGO. [ARTICLE]

DEBT-RIDDEN CHICAGO.

Census Figtires Showing Th all the Windy City Is Built on Borrowed Money. The Census Office on the 3d issued a bulletin which shows that the real estate mortgage debt in force in Illinois, Jan. 1. 1890, was $384,299,260, of which $165,289,223, or 43.01 per cent, of the total was on acre tracts and 5219.010,038, or 56,99 per cent, was on village and city lots. The debt o f Cook county,containing Chicago, was slOl,518.209, of which $14,065,305 was on acres and $177,452,904 on lots. The debt of seven other principal counties is as follows;, Kane, $5,515,508: La Salle, $5,960,487; Me* Lean, $5,379,303; Peoria, $5,988,972; StClair, $5,314,309; Sangamon, $5,851,540; Will, $5,465,917. The Cook county debt Is 48.96 per cent of the debt qL fife State. Fifteen counties, in which are included the proceeding eight and Adams, Burean, Champaign, Iroquois, Livingston, Vermiliion and Winnebago counties,owes262,222,092, or 63.23 per cant, of the State's total debt. In these fifteen counties are situated the cities of Chicago, Peoria, Springfield, Bloomington, Joliet, Quincy, Elgin, East St. Louis, Aurora, Streator, Belleville. Danville and Rockford. _ The debt of Chicago is shown to be $24,373,170 larger than the farm debt of Kansas; $42,703,564 larger than the farm debt of lowa, and $112,068,820 larger than the entire mortgage debtof Alabamaand Tennessee. The per capita debt of Illinois is SIOO, while that of Kansas is $165, and that of lowa $lO4.