The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1875-03-16
GRATIFYING EXHIBIT IN ALI
DEPARTMENTS.
THE COMMON COUNCIL.
,.,uc.o! =. +. Mnorc's Claim oc SI.2OO
Ordered 80 DC Paid.
The I'0ltcc (onnis,ionersati and the Pay
of sick" Policemen.
OTHER BUSINESS.

4 meeting Of the Common Conncll VA,
... YESTERDAY afternoon Mr.. VI. l.. Straus.
.s-1i,ut JTp t'Ja.. in The char.
Du motion II Mr. Ergll>A The order OF bu.
..,,>- w:lS >l,.I,uGrd in order that he mlSht
.....,ur The f.. o.lJ%iuy innt rc~oIui0u:
i.,>.lr.i thc j. ard ut Aldermen concur
:..-.. That lraNc nc granted FOR ttir inter-
,,.., ui the remain. Of S'>t'r IariA Angela
T. #..u nun Of tie order OF Visitation, within
r...,nr.o>llrc a,tacnud 10 the convent Monte
H.i.4, on Grace street between twenty
..,.lnd and Twcuiythiid streets. Agreed 10.
ANHrAL MESSAGE OF TIE MAYOR.
The Srr.tpn,.at.Arm> laid before the
t..nyil III" annual IL, >>agr OF the Mayor, in
wing. a. follows:
MAYoR'S OFFICE, March ], 1915.
Igae CITY COuhcI:
Ilav" Tie honor 10 transmit herewith the
reports ct the various departments Of the
lGr.sr >,.ryic, for the fiscal Year ending Feb
Is.g. Isl, $50. accompanied by such Suggcs-
!!ou> a. ,crm 10 M deserving your conSdc.
ration.
IuhapIiiy lhc2 general business proStraton
lrum y Airl st have suffered in commOn With
~, country at large continues, and the year
..,.,, with unusual depression in the tobacco
tr4Ar, 30 valuable an element III our pros
lr!i.v. But our dtli.ultic> are the less bur.
G,u>rmc hcclll>c - universally encountered,
and il is likely that ,hc whole people are
learning some l,>>ou> OF economy in that
.f.up school Of advtr,ity whose teachings
4.y >Oupt to hc a permanent acquisition.
L-, Us congratulate ourselves that we are
;4,,ng our debts faithfully. and that we have
.a'4l; c>cal,ca those - indal> and corruption.
il liirr which seem to ht almost epidemic in
AAalcan municipal administration OF late
.,... 30 GREAT crimes Of violence 10 per-
,ol nave shocked the moral scn>e; no great
,44inity has brought mourning to many
i..:.rs. ana the health ot the city has been
..,.,r than during any Year since the war.
!. HE course Ut the year The city lost the
,,l, ices ol Major v. &. Iurpin, 'hc cngi-
l.,f OF the James i:ivcr Improvement, by
,!rrh. i!c Wi, >kllul aud faithful officer,
an: ere OF the most amiahIc and honorable
%. men. The same YEA, witnessed the death
ot colonel Thcma> II. Wynne, formerly the
resident ut Your body, and at thc time OF
l.- Gcith Il representative OF the city in the
>vu.lc ui Nirgiui1, 4 useful and highly hon.
Dut cl'iZ"u, Tor more than twenty years
iGru.jMcI directly or Indirectly with the most
lmr3ytaut public position, and interests.
| record Their names here IN testimony OF
t,ir serious los icc the city sustained In
,:r ucCca,c ot CacA.
FINANCE
l. i a great source OF satisfaction that the
lapse 0t another year finds our credit firmer,
our bonds higher, and the financial outlook
:" encouraging.
Richmond City bonds arc to-day the best
Virginia security, and superior TO the ma.
jprity OF the municipal securities OF the coun.
try-uorth or south. They have within tie
la>i three Years come 10 he the fayorlte IN.
Nr>lmcul of trust estates and the tinlncla
panic OF 1873, which shook public confidence
~ grucraiiy IN other securities left not only
uNi,uulrcd, but enhanced the public favor
tyr these.
Ii my message for 1874 renewed recon-
luu@auton made twice before that an ordl-
La:cc should be prS>rd TO comply with the
ca,ttcrcl obligation Of The city 10 create i
>G.kin- fund. This has becu done, and its
provisions have been strictly complied with.
No.Ding l. more couinou than to provide by
!@w TIM c!tt!rut but sometimes burden
>.uc method Of honestly providing tor
. ,gb!ic dcot, lud scarcely anything
Ia..e common tluu the total neglect OF
i
.' III the bands OF the present Board
%! commissioners The provisions oil law and
&; tuUr ordinance IN this regard viii be RI
g.Iy enforced. | have hld the honor already
- .Iy before The Council the record Of its
'arra'iou, Tor the il>t fiscal year, showing
t.lt there is now to the credit Of the Board
arn per ccu,uti, The first in>taimeDt Of the
"pic bondcd debt Of the city, aud that Sl4,-
too nave already been redeemed. AT each
!A'rrTal of six months one-half Of one per
G,Llum should hr sacrrdly set apart for this
luruosc, ani invested IA loug Us possible in
Tie bonds OF the city thus not only securing
= safe deposit Of the fund, but helping to
l"alntain ju>t price tor our securities, tor
the reason tuat the city will always DC IL the
market.
/ deem it ms duty in this connection to
|t!i The atteutiOn OF the Council 10 the
iact that We are nearing the legal limit
OF the authority Of the city TO in-
crease lis bonded debt. An act of AS
>@nbiy approved April i6, 1874, prescribes
Giat The " b0HdS Or tEtercSt-jeartnJ deJtOf
N" ctty u HchInohd shall not in the uggre-
gate exceed eighteen per ccntum Of the as
tc>scd value OF the taxable real estate Of the
>1!u city;' and the observance Of this pro-
vision Is secured 10y q further declaration
that any bond Or evidence Of debt issued
tiler this limit is reached shall be void as TO
lLc city, ana therefore worthless.
The assessed value of our real estate in
!h'4 was s2J, lGG91o, eighteen per cent. of
Which is $j,250,G56.
The bonded debt Of the city on the 1st of