Evening star. [volume] (Washington, D.C.) 1854-1972, 1875-12-02
Indebtedness Of the District Of Columbia.
Report of the Sinking Fund Commissioners


sioners, in course of preparation, viii give
the net aggregate funded Indebtedness of the
District, including that of the late Corpora
tons of Washington. GEORGETOWN and the
Levy Court, exclusive of the nfty-year 3-65
bonds. at 81, $50 ,94o.43, which has besu re-
duced by redemption as foliows:-Permanent
Improvement T. 10 currency bonds, 500, 700;
Chicago relief, 800, 900; water bonds, $4,000;
county school, 100; ten-year Bowen per
cent, $50 800; three-year Emery 3-10 81 200,
fiveyear do, S119, $50; steam force pump,
s6,O0O; registered overdue per cent water
stock, ss5,iU; making q total OF sJlI ST ,
which has been increased by the sale OF fund
ing loan bonds s135,o06, leaving the total
reduction at s4i2, s27, and making the amount
now outstanding IS AL ,1f3.43. This will be
further reduced by the redemption of the re-
naming 1ve-year Emery bonds, funds for
which purpose are now in hand. These bonds
redeemed, with those reported on hand De-
cember last, have been Cancelled and sent to
the Secretary of the Treasury TO be de-
stroyed, with the exception of S135 900 OF
fund loan bonds issued under act of the
legislative assembly of June 20, 1872, con-
firmed by act of Congress approved June 20,
1914, belonging to the Sinking Fund, which
of those redeemed as above The terms were
that holders of other bonds were afforded an
opportunity to dispose of them to the Sink
1ug Fund to the amount of $500 900, If will
ing to receive in payment three-fourths
therefor at par. The offer, as per advertise
ment not having been accepted, and the
funds having been provided To pay of all
Overdue and maturing obligations, the re-
mainder of these sundry loan bonds IN our
possession have been destroy ed, amounting
to S537 200, thus reducing the apparent
amount of this loan from 81 $50 900, as re-
ported the 1st OF December last, to 1862 300,
which is now the actual amount of the same.
In addition to the bonds referred to as de-
stFoyed, a large amount or coupons, eertiti-
Gates of Indebtedness, &c, have also been de-
stroyed. The preparation for burning was a
WORK of great magnitude, and which has
been nearly completed. and when once I'm
tshed the labor OF this branch viii be ma
teriaily reduced.
imTosed by the act requiring the destruction
by burning evidences of Indebtedness re-
tired, the following statement will be APP
pended: The three and five year Emery GER
tificates consisted of twelve thousand OF the
former and four thousand of the latter, MAX
ing sixteen Thousand in all of fifty dollars
each. OF the former eleven thousand nine
deemed, leaving but eight yet outstanding
To each Of these were attached five coupons,
making sixty thousand coupons, each for
Sissy 100, all of which had to be classified as
TO number and date of maturity, entered in
the appropriate register, and perfect de-
scriptive list prepared to accompany them
TO the Treasury department. Attached to
each Of the four thousand certificates were
nine coupons OF Like amount, making thirty
six thousand coupons, which require to be
treated in a siaailar manner. This tedious
process is pursued as to all the bonds, cou-
pOns and other evidences of indebtedness re.
deemed or paid by the commission.
In the last report the outstanding amount
of per cent certificates of indebtedness
issued on account of street improvements
and payable from collections on account of
special assessments upon private property
benefited thereby was stated then 10 be
81 $4,000. This has since been reduced
1891 $780, leaving outstanding at the present.
time SLIP, $780, No call having been made
for the balance of water fund certificates
amounting to $500, they have been cancelled
and sent to the Treasury department TO be
burned The entire amount of these certi-
fcates outstanding is s1G6,350 and their pay
ment provided for from special assessments
on private property.
There have been Issued by the commission
to the present date fifty-year $50 bonds in
Audit, IS required by act of Congress of
June Goth, 1874, TO the amount of Sl2,056 300.
ard this will yet be increased, but 10 what
extent there is no means of determining.
Appropriations were made for the payment
OF the interest upon these bonds by the Trea-
surer of the United States as it fell due on
the first days of February and August last.
All these bonds have been issued as of the
date OF August 1st, 1874, interest on Ger sifi-
Gates OF the Board of Audit, dated subse
quent to that time. has been collected to the
amount OF SS7 ,S36.6e, and the amount depos-
tied in the Treasury of the United States to
pay the interest on q ACCOMPLISHMENTS
Of bonds. Provision should now be made by
Congress for the interest which will become
due on the first OF February, 1876, and per-
manent provision for that which will
fall due, as also for the establish
ment of q sinking fund, as provided for in
said act, which Ii Is recommended should be
~ least one Per cent. per annum on the
amount of the bonds issued. The prepare.
ton and issuing of these bonds has for the
lime being added largely to the labors OF the
office. This work, however, must now b,
nearly completed, and great relief Will be
when 1T is done, for then the en-
lire supervision of them will devolve upon
officers OF the Treasury department, unless
L be when holders of the coupon bonds wish
TO have them registered, in which case as
The law now stands the aid OF the commits
sioners of the sinking fund is required.
Under these circumstances 1t will be rec
that a transfer by appropriate
legislation Of the functions of the commits
sion to officers of the Treasury department,
10 be designated for that purpose, which
would be in strict harmony with the spirit
)f recent legislation under which Congress
has assumed the direct control of the affairs
and collect its taxes as well as to control the
'und when collected, and furnish much need
I'd relief to the Commissioners of the Sink
ing Fund, who have for more than four years
devoted their time and energies To a faithful
of the financial affairs of this
District, and to the performance of the du-
ties imposed by act OF Congress upon the
board, the extent of which was net con.em-
plated when they accepted an Office supposed
10 be more OF honor than of labor and per-
'oDal emoluInent. There will be appended
District and OF the late corporations OF Wash
ington and Georgetown, December LIST, 1874,
and December list, 1875. The amount of 1856
bonds issued to date is S12, 655, 300.
O
The Little Acrobat. Zanlo Poole.
PROCEEDINGS BEFORE JUDGE wYLIE, To-
DAY.
This morning the little acrobat, ZanIo
Poole, who on the 18th Of November was on
habeas corpus taken from the custody of K.
c. and Thomas Poole, who were performing
with him at the Theater Comique, and
placed in the charge of Mr.. T. +. Gatchel,
was brought before Judge Wylie in cham
bers. 1t will be recollected that in the peti-
ton OF Mr.. Gatchell for the writ 1t was
charged that the little boy,7 years of age,
was made to perform acrobatic feats danger
Gus 10 life and limb. This morning there
were present the Poole brothers, Mr.. Rodgers
Of the Comique, MIR. Gatchel and his charge;
the latter represented by Mr.. Francis Miller.
Mr.. l.. g. Hine appeared for the Poole BROTH
ers, and read an answer to the petition, stat
ing that they are subjects of Great Britain,
and that their little brother was with them
with the consent Of their mother, and they
by these exhibitions supported their mother
and family. They denied that the perform
ances are dangerous to life or limb, or have a
effect. They further state that
IL is their intention to return to England IN
the next three weeks, and ask that their
brother be restored to them, promising not
again to employ him in their exhibitions.