New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-12-06
p Q ST S G r IPT.
800 a. m.
THE DISTRICT FINANCES.


STANDING DEBTS THE BONDS REDEEMED, AND
TAxEs AND A5sEssMENr5.
WASHINGTON Dec 5.-The report of the
Commissoners OF the District OF Columbia placed IN
the hands OF the President last night 1t shows that OF
the 81 100000 appropriated by Congress AT TIE iast
session for the use OF the District there has been used
ONLY sl7L369. the remainder being available to
be covered back into the Treasury. inc
amount OF cash on hand Dec. 1, was sl7DOl6,
and tho total liabilities of the District S9O,ss6 ~
For the first time since the District Ring came into
mower in 1871 the books Of the District Government
have been balanced. and Congress and the czehs can
see Just how things stand financially. Tho novelty OF
having to report in regard to District AFFAIRS
that which ia lntclligble. and In which peo-
pie can place confidence, ia pleasant one
The rcport contains the following statements;
The old funded debt the District after deduction OF
s2,TO63}o al, amounts 70 t1.735613 % Inc iolIow-
Dsc Gs75, under act Of Congress Of June 80,
1874. principal and interest guaranteed by the
United states, S12O5J,SOO; certificates Issued by
the Board OF Audit convertible into 36J bonds, not YET
converted slSeC9 20 total 6 40 SS sn snd DaSe
payable on the public debt, outstanding Dec l. 1872
Funded ns dcSt as estimated by Commissioners &c
$50 bonds ncudng certificates Issued BY tho ~
Board Of Audit not converted f'U74o VI
Total interest on debt ............... s9sOl7o 90
The total funded debt aud temporary loans OF
late District Government ana Board Oh re-, a.e re
Public Works paid since July 1914 S'''' l'Oofo$' 30
From approprations by Congress $50 200 q
From and other District income lIo9oS4 81
Total 81 56l,sl3 90
In addition 10 the assets of the District Of Columbia
IA stated attention called to the other following naeh
sums A. hereinafter stated viz special Assessmenis
made aud to be made, in excess OF Outstanding per
cent certificates Fl .6s9,S44 TO taxes on property,
sold on account OF same, and bid in by the
District about 900; claims against contractors and
their .reties repairs TO pavement FOR when -s are
pending and TO be brought, cboo - IL making we
total due and TO become due - %Y1sol ~ ne
cane Pho real
sIi5427. 692; of which there Is owned by churches,
charitable institutions etc. exempt from taxation under
Under the authority OF the 18th section Of the act an.
proved March g. 1870, there nave oeGh Go'eT T}y
tions OF Washington. Georgetown, anu the DlstIlc,
paid or redeemed aggregating in amount the sum on
s@9s7 60I So The Commissioners of the sinking Fund
show that they hayo EXCHANGED Tl-,V'9,oVy o, 'ic
hfyycar sos bonds for certificates OF the boIrd OF
Audit required by act Of Congress, approved June 20
1874 and they call attention 10 the matter Ol tie et
es due ON said bonds on the st OF February 1876 and
Thereafter a. also for the establishment OF sinking
fund for the payment OF the principal OF SAID bonds
when they shail become due.
The report of the Attorney for the District describes the
litigation in which the District i party Among tho
inbortant eases pending is one which will be deter
mined tine liability OF the Baltimore aud OHIO Railroad
COMPANY 10 pay taxes upon real estate IN the District
An action ma, been brought in behalf Of the District
aSanst the washington Market Company, for
the recovery OF arrears OF the annual rch"l Oh
S25. 900 imposed upon that Company by act OF
the sum no paid shall DO applied To te reei Oh Ine
poor The Company claims that the rental was suDse-
1eny reduced frat to $4,000 by an of the
l Ie0i,ltiye Assemble and afterward to sum vary
ing from g 500 $500 by an agreement OF me lts
Board OF Public Works for the purchhsr OF tract Of
land as a site tor district building
The power Of the Legislative Assem- bly, 10 reduce
frust nnd created by O Congress, II doubted t
also believed that the MaFkcr tomEany Na- without
authority to sell aud the Board OF Public works Without
authority 10 purchase the land in CONSIDERATION.
call attention 10 TOE tlSc0tloiS VI
the Collector OF Taxes for the better regulations ol s
Of uroperty arTeara T. 10 the eua mat With INC
District Government shall become purchaser me own
ers subjected TO like penalties as II the properly
wer, purchased by q private person. and 10 give
the District absolute tile IN the properly C put-
chases within reasonable time, VIM u d
right OF redemption thereafter 10 the owner oi Ls ega
reprcsentatiyes Under sue existing law me owner HiS
Ife luducemeut pay tax IN drrear ana lslcein ms
rnuertv until he may remove the cloud OF the
TAX charge ennble sell the property, tus eaF
ing District In the meantime without revenue from
the property ,, ...,.
The commissioners Invite 4asOtaOte atWh'loh
IN the Recommendation ~ the engineer Tor
the improvement OF Pennsylvania ave, be
tween the Capitol and the Treasury building
streets Washington and Georgetown the amending
OF the existing relating 10 assessments for special
improvements streets ana the Improvement or alleys
the Oi the existing Las relating TO and prescrb
ing regulations for buildings and for increasing the
waar supply Of the cities Of Washington and George
town. Considerable attention Ia gwen " the subject OF
public schools and II IL shown that tue total number Oi
pupils enrolled lS,TS5. The total expenses Tor thc
support the public schools FOR the year was $40,
2i6 Is and including the payments Of dehs de ON &C
count OF expenses 81 previous years, S1o131 ~ Inc
The attention OF Congress IL also invited 10
the reorganization Of the Public Charities 0f the District,
with the object having them PAT under the control OF
Commission which shall he lntrusted the disbursement
Of all moneys whether appropriated by Congress or c0-
riDuted by District Tor the support of such charities.
In closing the Commissioners make their acknowledge
ments TO officers ~ the District Government for the
Intelligence and ndey With which they have discharged