Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1861-02-02
COVINGTON NEWS.

1.-THE following matter was prepared for
our yesterdays issue; but pressure of other
matter, together with an undue appreciation
of its importance, will account for its non
appearance.
RFPoRT OF THE CITY COUNCIL COMMITTEE
ON WAYS AND MEANS The committee say
to the voters of the city,
Owing to the present financial embarrass-
meuts of your City Treasury, and tine made
quacy of your present revenues to meet the
city's liabilities, outstanding and accruing,
your Council deem it their duty to lay before
you short, but not detailed, statement of
the condition of your pecunia-y affairs and
also their views of the best and ouly econo-
mical means of extricating your City Treas
ury from these embarrassments and thereby
preventing the enormous expenses thrown
upon you in the shape. of costs and fees in
the numerous suits that are being brought
agaiDst you by nonresident creditors
holders of your bonds.
Your Council, through their committee
constituted for that purpose, fiud, on a care
full examination, that your present years
revenues will be chargable with the follow
ing liabilities, viz:
Interest on your funded debt, due, past due
end accruiDg for the fiscal year 1861, 1853 IL
UNI edeemed scrip on allowances aud al
lowances unpaio from last years. sppropr-
currept arlep ca ccIScs for The present year ooOo
for ordinary purposes..."................ 25O00
Amount Of liabilities, for all purposes for
the fiscal year 1861, 1868 Al
To meet this you have as follows, viz;
Income from the gene al revenue as it Is
Twenty live cents special 1900
-ws5ls'i OC
Making deficit for the present fiscal year
oi'''''' ,3O9 81
Should no steps be taken to provide al
once for this, your next years deficit in the
Treasury, with the loss of the twenty-five
cents special tax (the right to levy which
expires by limitation this year, will be, in
round numbers, say SAG, 900, besides the costs
of suits that will be upon you for the nom
payment of accruing and past due interest.
To meet these financial difficulties your
Council have recommended, by an almost
unanimous vote, that your city charter be
so amended as to continue the twenty-five
cents special tax for an indefinite time, and
the levying of an additional ten cents speca
tax for five years, il necessary, the proceeds
of whieh, when collected, to be applied
exclusively to pay the interest on the funded
debt, due, past due aud to accrue.
By an ordinance of Council, passed at the
last meeting of the Board, you are called
upon to decide Dy your vote to be taken or
| Wednesday, the 9Th day of February
whether you will or will not have the re
commended alteration to your city charter
| KENTUCKY GRAYs-ElectioH of O6fcers.-
By order of Major Hays, the above company
held their annual election for officers OF
Wednesday night, when the following gen.
| tlemen were elected: Captain, Alf Martin
First Lieutenant J. Ii. Lehman; SeeonC
Lieutenant, ]. N. Tyrsek; Third Lieutenant
j. NJ. Blackburn; Ensign, j. R. Hawley; Or
derly, A. j. Morrel; First Sergeant, Henry
e. Wilson; Second Sergeant II. o. Andrew
Third Sergeant Henry Stacy; Fourth Ser
geant, G. W. Smith; First Corporal, NJ. Hall
Second Corporal, J. H. Thompson; ThirC
Corporal, j. W. West; Fourth Corporal. @.
McGraw Company Clerk, J. N. Tyrack
Treasurer, ]. w. Lehman Corresponding
| Caorataru II II Wiion1