New-York tribune., 1874-12-12
REPORT OF THE DISTRICT COMMISSIONERS.

RECApIrULATION OF THE RECEIPTS AND ExPENDf.
TUREs TO DEC. 1, 1s4-rHE DEBT OF THE DIS
TRIcT, LESS TIE ASSETS. OVER $l3,oOo.Ooo.
lBr TELEGRAPH TO THE rRIBUSE.l
WASHINGTON, Dec 1.-THE report Of the Commits.
sioners of the District of Columbia to the President
opens with statement Of receipts and expenditures.
of which the following is fecapitulation
Total expenditures to Dec. l. 1874 Including
warrants Issued and not presented 2gY,529 ~
Balance cash hand Dec. I. 1s7l.-.... $lGs,sSs IS
The estimates for expenditures. not including tho
salaries Of tho Commissioners, nor OF the members'
or expenses of the Board of Audit from Dec l. 1874.
to the end of the fiscal year. June 30, 1875 are as
follows:
Balance cash hand Dec. I. 1874 el6s 80 Is
Estimated receipts to June 90 1875. 1885, 900 10
10 cash on hand ami estimated receipts 10 ,o a.,
Total ~ Expenditures to ine 3o 1875 5Sas "a
Estimated balance, June 30 l86............ lS2f~ VI
full statement of the debt is given. 1t shows
that the debt of the late Corporation of Washing
ton and Georgetown is as follows:
Georgetown-Debt OF all kinds. s2eolso ~
gton-Old deDt of all kinds........ 3Os9l lol III
The new debt of the the District is as follows:
Permanent Improvement bonds issued under -. .
various acts ot the Legislature. N77SOOo 90
District Of Columbia Water stock, Issued -
under several 9MzstU M 20
Market Stock loI'4O W
CLlcapo R lief 10000
County scnool bonds. nds................... 1920 70
Total bonded debt prior TO July l. s39io 20
New Tnree-sixty five bonds issued. 2.JSS6s W
Certificates issued by Board Of Andil. cou-
verDlo into T1ree-sixty-nye bonds. 4W765s 90
Total .sl5,7I2.667 W
UDadjusted claus before the Board OF -.
Audt. oh''o' "
The Commission estimate the assets Of the Dis
trict as follows:
Special improvement assessments. ,6140H
Chesapeake aud OHIO Canal bonds. 7oUo
Washington ana Alexandria Railroad bonds .,.o.
ro,ai assets sf.74sWi
Debt, less assets. ...--iS's'soi'
The Commissioners add:
But the aggregate sum stated includes something
more than the funded debt. chargeabe exclusively to
the District Of Columbia The act of Congress OF Juno
90 1874, cOntemplates app0rtionment between the
United States Government and the District OF Coium-
bia in respect to the payment OF tne principal and
interest Of the Three-sixyfve bonds. Therefore.
in computing with precision the bonded debt
OF the District, the aggregate sums above
stated, as respects Three-sixtyhve bonds now
issued the outstanding certificates Of the Board OF
Audit aud the estimated adjusted claims pending oerore
that Board should be reduced to the extent of tho
amount to be appropriated the United States dovern
ment IN the manner indicated OF Congress Of
June 90 1874 With such adjustment. and reyalua-
ton OF the taxable property of the District so as
to eqazs tho assessments, aided BY an economical
administration Of whatever form Of government Con
eress NAV establish the property Of the district
will be largely relieved OF their present unequal and
onerous taxes Ulder such conditions the dobt OF tho
District will practically being burden 10 tho
people Of the District With reasonable slnklDg luna
for the payment Of the priacipa the debt will DO rap
idly extinguished.