The Daily state journal. [volume] (Alexandria, Va.) 1868-1874, 1873-03-25

sale in this city at C. F. Johnston's, 9IS MAR
street; Wyatt Y Minors, sI7 Broad street
News stand mt Ford's hotel Leon Schaap'.
1102 Main street, and at our counter.
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Proceedings of the City Council Last
j Night. ...r-
In the city council last night, Mr.. Isaacs
from the finance committee, reported that
the resolution of the council instructine
the committee to procure an amendment
to the city charter forbidding the city
council from creating a bonded debt ex-
ceedng twenty per cent. of the assessed
value Of the real estate of the city, had
been communicated to senators Wynne
and Donally. BIZ
| The report of the finance committee re.
viSes ard explains that part of the mayors
annual message which refers to the finances
of the city. 1t says: "The mayor states
the debt has been increased by the sum OF
$419,21S; less bonds hvpothecated, $50, :
700; total increase, s3S3,51S. The natu-
raj inference from such statement, with
out explanation, would be that the council
had sold $3.50, 5lS in bonds, and had spent
the amount realized from such sale in the
current expenditures Of the city in addition
to the s235,752 of bills payable. The au-
ditor's report shows that the actual increase
of the bonded debt is $401, 017.50. The
report was adopted.
In response to a resolution of the city
council, agreed to on the 10th instant, in
relation to the negotiations of the finance
committee, obligations of the city, &c., the
auditor reports the amount Of obligations
issued during the year ending 3lst of Decem-
Der, 1872, as 81 ,044, 032. 91, viz: Bills pay
4 able at sixty and ninety days in payment Of
certified claims, including s., 6s3. 40, $149,-
006.67, being s per cent. interest; bills pay
able for temporary loans and removals of
same, 1926, 926.24; six per cent. city
bonds, by order of w. B. Isaacs, chair
man finance committee, 1857, 900; eight
per cent. city bonds, by order of W. b.
1saacs, chairman finance committee, $17,-
500 six per cent. city bonds, by order of
w. B. Isaacs, chairman finance committee,
in payment of claim of Stuart, Buchanan &
Co., $4,000; six per cent. city bonds
hypothetical to sundries, 1882, 70O-$1,-
044 ,032.91. 49,.
Interest paid on temporary loans, SILL
555.95 commissions, $500; expenses
$l10.30-total ,066.25; making the
average rate 9.S4 per cent. per annum.
Net average of G per cent. bonds, incll-
ding interest, $s0.72; emitting interest,
$79.60. Net average s per cent. bonds,
including interest, $101. 46; omiting inter
est, $99.S0. Discount and commissions on
$l57 900 six per cent. bonds sold $780,
537.3l; premium on SIT 800 eight per cent.
bonds sold $56.9l. Hypothetical bonds:
sl47 900 redeemed; $4,000 outstanding.
| Adopted. H s IS .HW
Mr.. Hall, from the committee on cleo
| tions, reported, recommending that city Of
| ficials shall not hereafter be employed as
| registrars or hold positions connected with
| elections that the clerk of the city council
communicate with Judge Guigon and re-
quest him not to make such appointments.
An unsuccessful effort was made to procure
the rejection of the report, when it was
adopted. On motion Of Mr.. Newberry,
the sum of $500 was appropriated for the
purpose of building road or improving a
street to lakewood cemetery. =
Mr.. Williams, on the part of Mr.. Isaacs,
presented the following communication,
| which was laid upon the table: t ID
RICHMOND, March oath, 1873.
10 the Members Of the Honorable Common
Council of the City Of Richmond ess,
Gentlemen-I have found, much to nv
regret, that the views of majority of the
members and my own on the management
of finances and affairs of the city have been
and are widely at variance. The opinion and
judgment of each individual member are en-
titled to as much respect and influence as
mine. 1t would, therefore, be unreasona-
BILE to expect, nor would desire them to
surrender their views. During my connec-
ton with the body have cheerfully given
my time and best efforts to the adj
vancement of what | believed to be the
best interests of the city at large. No
personal motive, friendship, or local inter-
est has ever influenced my course; and
you will doubtless bear evidence to my un-
ceasing, but partially successful, efforts to
stay the hand of the council in making
appropriations when the money was
not in the treasury to meet them.
now feel that | can no longer be
of service to my constituents it is there
fore, my duty, and [ hereby resign my
place as member to some person who has
more time at his disposal, and whose tastes
incline to public position more than mine.
| tender to the members, collectively and
individually, my thanks for the courtesies
received at their hands, and, through the
council, to 1862 votes out of ,916 voters
of all parties in Madison ward, for the con-
fidence reposed in me as evidenced by their
suffrages at the polls in May last. am,
gentlemen, your ob'tserv't,
w. Il. lsAACS.
GRAND ENGLISH OPERA-RIcH.
MoND THEATRE. -On Monday evening
next will commence season of this
delicious lyrical enjoyment which none fail
to enjoy. A powerful combination is
that which comprises such names as Miss
Rose Herse, Miss Emma Howson, Mrs.
Zelda Seguin, Brookhouse Bowler, Eugene
Clark, John Chatterson, G.sF. Hall, Jno.
Clark, Ed. Seguin and others. A full
| chorus accnmnanies the nnara and GRAND