Evening star. [volume] (Washington, D.C.) 1854-1972, 1875-01-13
ree -slxty.Ffye bonds.


liz ct COMMISSIONERS TO con-
Tho r. GRESS.
Per- Communication sent to the house of
~ .esentatives yesterday afternoon by the
strict Commissioners in reference 10 the
interest on the 3-35- bonds is as follows:
O5tce Of Commissioners Qf Dtstr,et Of Coivmbta)
To The Speaker ofths Rows. Of Rsgrssintai,Se,.
The Commissioners of the District respectfully re
10 the necessity for Legislative provision for the pay
ment Of the interest the bonds authorized 10 be
ls74, entitled An for the government of the Dis
,rict OF Columbia, and fox other purposes These
bcnsts are generaIy known as the 1902 bonds The
act 81 Congress above cited pledges the faith of the
hited States to the payment by proper proportional
fI7ct 81 the interest said bonds, well to the
creation Of sinking fund for payment of the princi
The same act Of Congress contempistes the ascer-
tsinment through further legislation of the proper
proportion of the expense Of the government of the
District Of Columbia, including interest on the
funded debt, which should be borne by the District
and Nv the United States, respectively. The proper
ton has not Yet been determined by the requisite
legislation Upon the funded debt OF the District Of
Columbia, Other than the 365 bonds. the interest,
including that due January los5 has been paid or
taxes on property in the District
At is last session Congress authorized an advance
interest the funded debt of said District due July
J. s74, the Is bonds not then having been issued,
hut i was required that the sum thus advanced
should b. reimbursed to the Treasury Of the nited
States from the treasury "t the District and this
Teinlbursement has been made IN full. Tn 800
bonds result in PRINCIPAL part from the funding ot
floating Indebtedness cf the late E,ard # Public
Work. which was created hv an act ot Congress ami
who's operations were subject 70 Congressional con
troll and To some extent were iudeP. ndont of inter
ru-lti"H on The part "I the MuhItii@i government Oi
AMER payment from the treasury Of the District Of
the current EXPENSES 81 Tue iluuCipai government
and # the interest the funded debt OF the District
other thah the 800 hgnis taAe- %" pIlNale prop.rIy
Nlll not AFFORD Suflclrnt r"VeHu" I" pay any part OF
the interest on thu 365 bonds which falls due on the
IL results therefore, that either Congressional ap
IroTTiaton for this interest must be made, that
wch The faith If the United States is pledged If the
reIuIsite sum lee appropriated by Congress 1t l. al
If the United States and the coupons Cancelled there
According to law. these boni- registered in the
1t might also BE- provided that such sum may be
appropriated for this purpose shall De- considered and
ate sum To- ie paid Nv the United States toward the
expenses of the government Of the District of COlum
bra and II tie interest ot the funded debt.
The Commissioners are advised by the Board of
Audit that III the opinion of that Board provision
crOC0O of the S65 bonds. The facts ON which this
opinion Is based are stated in communication from
the Board of Audit hereto annexed.
For the semi annual interest l0OoO00 of these
bonds there would be required one hundred aud
The commissioners # the District therefore Re-
Grinin nd tiif aprt"nrlati@n toy congress Of lo2 go
IneHt Ot interest such bonds due February l. lS15
the interest 10 Toe paid on surrender of the COUPONS To-
the Treasurer Of the nited States and the sum thns
paid 20 he considered and adjusted part of the
proper proportional sum to he paid by the L nital
States toward the eX pens Of the tiovernment Of The
District at Columbia. and toward the payment of the
interest on the funded debt of the District.
We venture to call the attention of Congress the
suggestion IN report Of the sub ultnO. for thu.
pay nent Of the interest on the Is bonIs in COLI ana
tO the report of the commissioners Of the Sinking
Fund which accompanied our report. on the same
subject. Respectfully. &c,
WILLIAM DENNISGN.
j. II. hETCHAM,
Commissioners If the District of Columbia.
OFFICE BOARD OF AUDIT.
WASHINGTON. January Is. 1875 /
To f4s HosOr01is C0HiHtSS tJ,rS Ct ne DtSstrt az
C0fHA35td-
GENILENES.-ln answer To yOur letter uf this
date We have To say that in opinion. pro, SION
should he male for the February interest ON Ten mil
lion dollars Of the 3 65 bonds
our report of December showed the issue of An
ditors certificates To the amount of S.Ns72 Is and
claims pending. ~3lH 80 IS total : I0I0j5I46j
Other claims have been presented aud allowed. and
although the amount Of lUtrD(Pj has not Vet been
Certltied the owners Of those based On UId claim.
viii Zee entitled To- interest.
Very RESPECTFULLY yOur 0belient servants.
X. VI. TAYLOR. First Controller:
J. BEoDHEAD. Second Controller.
Board of Audit.