New-York tribune., 1873-12-24
UNPAID WASHNGToN AssEssAEAgs

SIX HUNDRED THOUSAND DOLLARS WORTH OF CIR.
TIFICATKs OF INDEBTEDNESS ISSUED BY TIlH
BOARD OF PUBLIC wORKs-TIIE MAJORITY on
THEM ovERDUR-IHE REPORT THAT NOTICES TO
PAY UP HAVE BrEN SERVED DENIED.
The Board of Public Works of Washington
City, Of which Gov Alex r Shepherd is President,
have issued November 1872 certificates OF ndebi-
edness against property IL that city accoun; OF
paid assessments amounting % s6ooooc TIE following
Is the form of such certificate:
DISTRICT OF COLUMBIA, BOARD OF PUBLIC wORKs
BE IT known that the Board Of Public Works OF the
District of Columbia. having assessed upon Lot No
Square No -, III the city OF Washington, The sum If
g. for its propoLtiopate amount Of cost OF Improve
ments up avenue street issue TINS certificate OF
indebtness against said property Tor said SUM. with ID
at the rate Of 10 cent per annnm from the date
hereof until paid. said assessment and TINS certificate
constitute lien said property This oertiheaie ~
issued in accordance with an act Of OF the tned
States entitled IAN act 10 provide government Tor
District OF Columbia approved teo ~ lsIl ana all
act of the Legislative Assembly of the District OF Co
umbia entitled AN act prescribing the mode OF assess
ments for special improvements and providing for the
collection thereof approved Aug TO- lsli; ana a,so an
act OF said Legislative Assembly entitled Al as
anendatory OF an act entitled an act prescribing the
mode of assessments and prov ding for the collection
Given under our hand in the city OF Washington u.
c., this lst day OF November, lsi? -
ALEX r. sHEpHrnD. ADolPH Cup.
JAS, II. MAGRUDER
Tho great bulk of the certificates ssned w
Cooke has retired from the Presidency by OF
resignation Is Governor OF the District and Mr. eheI
herd has been promoted to it by his appointment
Governor the charter Of the Board OF Public Works
providing that the shall be 0eio President
Of the Board OF Public Works and Of the Sinking Fund
Commission, These assessments have been chiefly FOR
the paving and curbpe of streets aud avenues and
are levied on the property situated in the portion OF the
city undergoing special Improvement II is stated that
these certificates are mainly overdue and that 1t has be-
come necessary for holders OF them 20 send notices.
10 owners to pay up before their houses and ots ad
vertsed sor sale.
g. c. Thompson, President o, the First National Bank
of this city, on being requested explain the matter,
said that no such notices being forwarded. the
certificates bore 10 per cent interest, and rst
mortgage on the property, and holders were usually
willing to retain them instead Of insisting their pay
ment The First National Bank had held IN all about
$500 600 worth Of them Of which amount at least SOC
had been paid by the owners of them before
were due. The payments made now average from q 800
to 81 500 daily either due or anticipated Considerable
amounts are also held by W. w. Corcoran OF Washing
ton and the Freedmsns Savings Banks being bought by
them as by the FIRST National Bank for an invest.
ment There was no money advanced upon them IN
the way Of loan They were simply city certificates
bearing interest, such the Park bonds In New
York. The Freedmsns Savings Bank had occasioa
during the panic to sell some Of them for ready
and they very eagerly taken Mr.. Thompson bad
himself secured long line Of them Oh his account
Nobody had been advertised as yet but the bank
deemed II due to owners that they should he notified
when the certificates due and In these they
had generally been settled AT once.
Gov Shepherd of the Dstrcs OF Columbia wac in the
city Yesterday He said that the January interest ON the
funded debt the District would be ready FOR payment
on the LIST day OF the month,