Evening star. [volume] (Washington, D.C.) 1854-1972, 1869-07-20


west side of South Washington should be re-
moved outward to the river channel, aid the
space filled In, so as 10 give place 70 wnarves
on the river front; gas must be extended on
most of the streets; the people who are without
light and who pay as much for lighting other
streets as they who derive the benefit OF such
light, clamoring and constantly complaining
about il. and other extraordinary expenditures,
which none but those who are req uired to
audit, and pay the bills would ever think of,
arr requisite, whicn amount to very large
sum durIng the year.
But these improvements more than pay the
cost Ct construction in the enhancement OF the
value OF real estate in the city, which comes
back 20 the tax payers in this way four fold TO
say nothing OF tie additional comfort, con-
venlence, and satisfaction they afford. Who
Goes not Know that this city whether Justly or
unjustly does not change the fact) has the
repu'a'lou of beng century behind others of
4 like population IN all thai relates TO pubic
Improvements and progress, when, as the capt.
tai OF the Republic, the resort Of people of all
nations, we should be foremost in these things
To eject this object money is required and the
only way to obtain il IS through taxation. Be-
sides all this, We have thousands OF me- hanics
and laborers unemployed, manv of whose fam
lilies are suffering for bread. We should strive
10 give these employment rs far as po siole. 20
make Them and their families comforts ole and
contenied, by doing w hich, much thai tends ~
vice and crime will be DESTROYED, and the
morals of the people improved And how car
this be so pIohtably done as by putting the ij,e
poor, " ho are willing and anxious u work. but
are totally unable 10 get II, to performing labor
on the strse'sl The result will prove the wis.
dom OF such n course, not ONLY by VIVA, Is
above stated, but by the reduction OF the mum.
Der In our jail and aims house, and a cOnp1ra-
tive reduction IN the cost CT TuaintaIning those
Institutions, for nothing 50 much AS iIleuess
begets immortality ard GRIM.
The funded dent OF the city is as follows:
Certificates OF . per cent stock Issued un Ter act
of August II, I-2-......-........- SjESI7 Uj
Certificates OF per cent stock issued
under act OF October -. I~i3..... G>55iT B.
Chesapeake and OHIO canal polds.. $500 u!
Washington and Alexandria rail-
road bonds guaranteed By The city. $500 90
water SOCK ..-.-.-.--...--..... 1jJ,0UJ 20
Ten-year bonds issued under nc: Of
October Il, :S5s.. $1,000 ~
Total funded debt Sl.34g,64i -
OF the Heating dep: existing on the dth g:
Jure, 1o6-, authorized TO tie paid by the ten.
year bonds, a large portion ot which is in SUIT
the holders refusing 10 accept bonds, there
Is estimated TO remain Outstanding the sum
OIL. ~lUu,O1U o.
And there has been paid out CT the
revenue of the fiscal year lust
closed, of the same debt, IN cash,
the SUI of.;............:........ IG',2s7 Oj
Amount chiefly contracted for but
no. matured, July l, l~tc, paid
also III cash OBSERVATION-DISCLOSURES. $500 II
Which, added 10 the amount OF
bonds issued ACKNOWLEDGEMENTS. 3s7.WO 10
And bonds not delivered June 3D. 1869 CO.
with fractional balances still due. Bile ~
Makes the total floating indebted.
ness tXistlLg Oh the Both June,
1e6- Observation-Disclosures. S7c5,3-6 -
The amount in bank TO the credit Of the in
tereSt and sinking fund for the redemption OF
the ten-year bonds was, on the Both of last
month, S1O,56j u, which is a larger sum than
Is necessary 10 be raised, the law requiring
only one-tenth OF the amonnt OF the bonds
Issued, and the interest on the whole 10 be
collected in each year. The rate oftaxaiion on
this account can be materially reduced thu
present year.
A large portion OF the water stock falls due
the present year, and the entire amount Will
soon be pay able. No provision has been made
by our predecessors IN office for the payment
OF any portion OF this debt, ana the whole bur
den OF l. falls unlustly on Us. There is now
standing To the credit of the water fund the
sum of SI9,5}J 80, which more tn IN sutfi.
Gent TO pay the years portion o; the dent.
The remainder will have TO b. provided tor
without delay. and recommend that authority
be given me 10 anticipate the revenues from
the wafer fund 10 enable me 10 redeem the
stock as IL is presented.
By the report of the Water Registrar, trans
United herewith. il will be seen that the amount
OF water taxes outstanding are:
due ana pay able ...-........--.. S25,22l al
Yet 10 fall due. Observation-Disclosures. 5-,OIS y
Total..... e;,2iU o.
The entire receipts OF the water fund since the
introduction OF Potomac water. exclusive of
loans, have been, as nearly as can be as ser-
- .'-- e. -'"-. ~<-''cH3 ID
The loans have been l74,JOJ 90
1Olal. OBSERVATION-DISCLOSURES. i6O,35S Sc
The entire expense OF the distr,bu-
ton OF water since its introduce
uon mas been ACKNOWLEDGEMENTS. - ,j-} l.
Balance Of receipts. including loans
over expenditures 2i,1in SO
The actual expenses over actual receipts
sl5l,'59 o.; deficit, il all outstanding wafer
rN1tt -