Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1864-12-12


EDITOR News AS the subject Of CONSOLE
la,ion is being pretty thoroughly discussed at
The present time, and wishing 20 furnish as
much information as possible, deemlng II
matter OF public interest, have made 4 care
full examination of the books Of the town, and
present herewith 4 condensed statement OF
the transactions OF the prefent Board OF Trus-
tees, also 4 statement Of our indebtedness
and resources:
Amount Of outstanding bonds. .S3I ,S25 90
Amount Of unpaid warrants .---. 1,l46 IS
Total debt Dec. /, 1864 .....--.S45,OIl IS
OF this amount of Indebtedness, about
thirty-fve thousand dollars is for construct
inr our present water-works, one thousand
dollars fox the survey Of the town, one thou
sand dollars on the purchase Of the town lot,
three thousand and fifteen dollars for the pnr-
chase of the right of way Of Blanchard, Fio-
neer and Bennett streets.
The water-works and survey Of the town
were enterprises commenced by the former
Board Of Trustees. To carry out the plans
of the former Board, the present Board have
used every effort, believing them both TO De an
absolute necessity, but in so dong have in
Cured a debt Of FIVE or six thousand dollars
-reater than our highest estimates, but nom
causes which were unavoidable. The aoso-
lutte necessity Of protection against hre IS
evident 10 all. Experience has shown the
necessity Of an accurate survey OF the town,
and the laying Of IL out into lots, docks anu
ranges, and only as matter OF necessity IN
making correct and valid conveyance OF
real estatate, but also as matter OF conFe-
nicnce and necessity for the Town and county
Assessor. To finish both of these enterprises,
t,kr M NJ
crltses. being compelled to obtain money dit
ring time Of general financial depression,
conseouentlv were unable II sell our bonds at
a figure as high as was expected. Yet, not
witRsranding the difficulties under which we
have labored, the lowest figure at which any
of our bonds have been sold IS elShty cents
on the dollar, the principal portion having
been sold at from eighty TO ninety cents. BE-
lieyiug that 4 better state OF money matters
wound soon exist, and that loans could be ef-
fec,ed upon better terms, no bonds have been
;ssued for a longer time than one year That
the debt of the town is light burden upon
rax-nayer, is evident, as the following figures
will show, The Board Of Trustees have not
vet finished equalizing the value OF taxaoie
propertv within the corporate limits, YET
sufficient estimate has been made te sno"
that we have about six million dollars OF taxa
bic property. Assume Tie ain" ~ s
lion. Ajax Of three-quarters Of one per cent
Jour present rate) will create an annual teVe,
nue. Of So, 800. One thousand dollars pei
month is ample TO meet all current expenses
making a total Of 1900 per annum: -Four
thousand dollars Of bonds, drawing interest
at two per cent. per month, is $50 per month
and $500 per annum,
Revenue for yeaT.........
Expenses for year. LOW
R,Ianre ...Sl5,9O'
AZ an annual fund for the redemption o
bonds, which would cancel our entire indeot
edness within three years, after which tax Q
one-quarter of one per cent. would;be ampi'
TO meet all expenses
S. II. ROBINSON,
Clerk of Board Of Trustees.
GOLD HILL, Dec. -, 1854.