Evening star. [volume] (Washington, D.C.) 1854-1972, 1870-03-31

1se2-es s22,9I2 25s4 so 55sls,572 sosr7 ,Ol2 800
1s63-64 25,s57 90 $3.50 O0 1927 90 IL GIT 00.
1s64-G5 2i,127 25 1886 O2 1881 % 1911 23%
1896 81 80 4,6s1 65 1859 95 II ,1O9 S5*
1s66-67 % 1876 90 1919 90 17,I75 % 1885 99*
1s67-6s Z3,160 90 Abs 80 1892 81 II ,II2 6I*
1ses-69 24,907 90 73,5 rs ISL "a 1871 "a
t1s69-7O' 1900 90 1900 90 5000 90 $500 90
NoTK-The official net revenue includes the Ii
e,nses from butchers. This incongrqous element is
therefore thrown ont in separate column.
record book Of the market clerk ana the erpsndass
are inserted from the anna! finance reports Of the
Mayor Walachis.
Estimate for current fiscal year, based on relia-
bic data.
CENTER MARKET.
Prospective income of the Corporation of
Washington, if the House bill incorporating the
"Washington Market Company" becomes q law,
and the present rate of taxation remains sta
tionary:
Taxation from ground-of a value of
$500 ,Ooc-at 81 40 per hundred. ......... 200
Taxation from imprOvements-say $780,
License for upper stories OF front build
License from twenty-five stores, about -. 1000
$50, 200
All the above is in additio to the licenses for
market people which will be levied by the Cor
poratiOn hereafter as before.
Mr.. Stanton said the ground we take in refer
ence to the matter is that the Corporation is not
efficient to carry out the plan proposed, and
after years of effort have accomplished nething,
and are not likely to accomplish anything. The
corporatOrs have labored diligently to secure
the passage Of the BILL and IL is not until after
the project Is fairly started and likely to sue
coed, that the Corporation, now overburdened
with debt, comes in to prevent the cOnsumma-
ton of the scheme started by private enterprise.
What are the Corporation bonds worth now, and
what would they be worth il the Corporation
was permitted to put on the market another
million? They would not be worth fifty cents
on the dollar, and even now they do not COM
mand much more than seventy-fve cents on the
dollar.
The figures and facts submitted here show
that the public will lose nothing if the corpora
tors are permitted to erect the building pro-
posed; and experience proves that private COM
panies are better capable of carrying out such
designs than Corporations are. The record of
this city, in the eight or ten years past, show
how many Intellectual attempts have been made
to carry out great schemes, and how they have
signaily failed.
Colonel Parsons next spoke in favor of the
House bill. He said that when the project was
first started his name had been solicited as one
OF the eorpOrators. Believing that the city
needed the Improvement, bat DESTROYS of seeing
all parties harmonic, he did not deem it Just TO
rs his ne e aDps s wneh tb ,aebe were
examined the measure with great care, and
finding that Mayor Bowen approved the plan he
gave II his unqualified support. He endorsed
the views OF Mr.. Stanton, and did not believe the
Corporation of Washington could dispose of
their bonds even ii they we're gransed authority
to issue them for a market-house.
Mr.: Stanton stated that the Indebtedness OF
the Corporation at the present time was over
s2,COo,0V0, and from its present management
was likely to be deeper involved. What woald
the bonds of such city be worth?
Mayor Bowen--Your figures are slightly out
of the way. The debt is not that large.
MIR. Stanton.-The Mayor can correct me
when he presents his views.
the aSs6s q as ON behalf of
briefly the reasons why the bill recently passed
by the House should also be favorably consid-
bill was that 1t embodied substantially the same
plans as were contained in the one known as the
corporation bill.
There was a third bill, to construct a market
house according to plans proposed by the pres
ent occupants OF the Center Market. As far as
he had been able to learn, the bill already
passed by the House was preferred by the citi-
market house should be built by the corporators
or by the city; whether private enterprise should
be peImied to SUPPLY r wa long ielt BY the
81 coo 900 to pay for that convenience, and have
the market glutted with corporation bonds.
He understood the opposition originally came
from property holders on louisiana avenue; but
all differences had been reconcied, and the OBJ
iections urged on account Of the manner in
which the building was to be constructed had
When it was proposed to form this company
in order that all interests might be represented
by the corporators, a committee waited upon
Mayor Bowen and suggested that he should des-
ignate the name Of q certain number to repre-
sent the corporation. After a free interchange
Of opinion he agreed that i've of the number
%oSa be f91tsSls and scSS,dnfy the
John K. Elvans and T. q. Connolly were substi-
tuted for the names Of five gentlemen previ-
ously on the bill. OF that number he noticed
one present. Mr.. Connolly. He did not
know why opposition had been offered to the
measure at this stage Of affairs, especially
when IL was understood that Mayor Bowen fully
bin. - f'i'N - 'N' -''"''
ADDRESS OF MAYOR BOWEN
Mayor Bowen next addressed the committee.
He said he did not appear a. an individual, but
under the instructions Of the City Councils He
came to present their wishes in regard to
securing the site for the market house which
submitted resolutions adopted by the Councils chs
protesting against the transfer Of the franchise
| 10 private company.
n, Mayer sIs Bowen then reviewed and explained
| ne inherent sections OF the corporation bill,
ano wherein they differed from those in the cor
Porators, bull. He next took up the bill OF the
sSo'd tSa ano criticized It by sections. h
| saio tne company had kindly consented to
| accept the franchise Of the Centre market
ground, but were very careful to specify that
Say Wood and o oaSeld be sold there while
| in the market space must be disposed OF else-
Il hnkHc8 Uukkc8Sc0 tu1I that
thing left entirely 70 the corporation To sr,.nae
Mayor Bowen--Just %! The corporstion - =
take care Of the hay and wood, while the cc-A
porators enjoy the benefit OF market rents ana
have exclusive jurisdiction over the property
Judge Hughes said that there were features
In the corporation bin inconsistent with exist
ing corporation laws.
Mayor BoweD.-I did not know that. But II IL
is so, the bill can be amended in that particular
He did not believe in granting to private COM
panies such unlimited authority e. the bill pro-
posed. In his experience he had learned that
such power was never sought except for exclu-
siveiy selhsh purposes, and before the bill was
passed by the Senate IL should be amended in
many ways. For instance, one section allowed
| any person present at the time the books were
| oReneo Tor subscription to subscribe for the
| mnoie amount OF stock, provided the necessary
| Sasn Hs put down to secure the subscription
| nc commenced the books should be opened to All.
snu sucn advantages stricken out Of the hin
| .Anotner section gave the COMPANY the mr.
snase ior ninety-nin years which was An az
us1Innary concession. but in keeping with the
main features Of the bill. Why q privilege "a
yau1oie 10 the city as to a priyate con,nanv
snouiu De delegated for that length of tima :.
moie tnan he could understand. The nert oh.
Jecuonable feature was the amount .t;sni.ta,
70 DC RSaa ier the franchise, viz: sIS. 100 ner
year. wac that Just Compensation for the
exclusive privileges bestowed by the biliS
MAyo, Dowen then said the income from the
center MARKET this year would be not less IN an