Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1870-07-09

Ns Va s"S AVN 1iUeuceS.
OLVvrIA, July &, $50.
To NE Board OF TRUSTEES Town or
oLYNrIA:
In reply to the resolution Of the Boar,
calling for information in regard to the
J financial condition of the Town. the fol.
lowing is respectfully submitted:
The Indebtedness is asccrtaincd from
the Clerks account of warrants issuei BIZ
the Town and from the Treasurcr's book.
1t is not pretended that the amount
charged as Indebtedness, contracted on ac
count of the Town Hall, is exactly correct.
though it Is nearly so-a portion Of the
amount charged as miscellaneous being
made up of merchants bills, the items of
which do not appear upon the Treasures
book.
The statement of revenues for the cur.
rent year is made up from the assessment
roll, the tax list not having been comrlet-
ed, and in the matter of licenses estimated
from the Treasurcr's account of last year.
A portion of the licenses for the present
year $50 were collected and expended
by the old Board
ing after the settlement of the late Treas.
urer's accounts, for which the notes and
warrants of the Town have been issued.
viz:
Due on account of Town lIall........ So, 500 SO
- to the county for quitclaim to
the public square. 1888 90
for Swantown and Marshvillc
bridges ......:. 1918 90
g to Hartley, borrowed money!. 1000 90
4" to Ford. 800 90
sl3,o33 rs
The revenues for the current year, as
certained as stated, are as follows:
Municipal Tax ........$2 ,9l4 90
Saloon Licenses, say, coo 00-S3,4l4 90
Road ACKNOWLEDGEMENTS. 5000 30
Total revcnue.................... APO 20
The Marshal in his statement credits the
Town with sos 81 collected on the old
delinquent list and charges it with s275
16 for road work Of the last year
He states the amount already expended
of the tax Of the present year in road labor
to be:
In ACKNOWLEDGEMENTS. SLIPS %
IN Work................. ................. 12c 90
Deficiency of last year ............ 1863 35
81, los 80
Which deducted from road tax, 3,00G
20, leaves balance of 5000 96 belonging
to the road fund.
A portion of the 81 ,215 % cash, cx-
pended upon roads, belongs to the munich
pal fund, and should think be replaced
from the first collections Of road money.
OF the Indebtedness, there has already
been redeemed from the taxes of the pres
cnt year, 81, JIG As, and it will be seen
from the figures presented that the NUM-
cipal revenue affords quite respectable
margin after payment of interest upon the
debt.
The following statement of the munici-
pal revenues for the last four years as TAX
en- from the Treasurer's book, will be of
interest:
| lS6G-Revenue from tax, and other
sources not distinguished ....... 5000 90
lS67-Municipal tax, ST., 547 20
| Licenses, ETC., 029 o. 2,41G 90
lsGs-Municipal tax, 2,l77 90
Licenses etc., CSC % 3,l63 %
l869-Mnnicipal tax, 1901 So
Licenses, ETC., LOGS 0o-- 1850 IS
! lS7o-Municipal tax, ASIA 90
Licenses, etc, 600 o. 3,4l4 90
The revenues of 1870 arc estimated as
statsu. The revenues from other sources
than taxation would seem, from the figures
ofthree preceding years, to be estimated too
low. The municipal tax has been laid at
the same rate for the years mentioned, and
it will be observed that the increase of the
revenue produced has been steady, with
the exception of last year, for which year
the Treasurcr's book cannot be taken as
authority, portion of the revenue having
never been actually paid into the Trcasu,
ry by the Marshal
AS the cost of the Town Hall has new
er been officially stated, the following is
-given as something very near the true
figures, viz:
Cash paid on said Hall, as shown by
the Treasurer's book.............S5,3 5f 12
Amount OF debt due on said Hail.. 6,692 90
Estimated amount of revenue of 1869
retained by the Marshal on said
| accC ................................ 200 90
Sl3,246 72
The interest on the Hall Indebtedness
is' it will be seen, about 500 per month.
The above estimates are in currency.
Very respectfully,
F. Henry,
President Board of Trustees.
|
AccIDENT.-We learn from the Echo
that while mechanics were engaged on
Wednesday in levelng up the vestry room,
a little building attached to the Episcopal
Church. the fasteninrs at tho ton naro