The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1876-04-20

who will adhere to such q policy and faith
fully carry out the wishes and Instructions
of the people whose servants they are.
Such series of reports are presented by
our village officers, this year, aud to these
reports in detsil, published elsewhere, We
invite attention.
First as to the matter Of floating inbobt-
ednese. The debt of the village, as re-
ported in 1872, was eleven thousand dol
lars, but this run up the next year mainly,
IL not entirely, in consequence of finishing
and furnishing the village hall, and the
construction of our incompatible sewers
TO twenty thousand dollars. AT the cleo
ton of 1873, radical change was made,
both in the board of village officers and in
the methods of doing business, so that at
the end Of the year-that In April, 1874
the debt had been reduced to about twelve
thousand dollaro. The report Of last year
shows a still further reduction of some
three thousand dolarG, and, this year, the
floating Indebtedness is brought down to
seven thousand, one hundred and ninety
dollars and niue cents; reduction Of
about two thousand dollars during tho
year, and come thirteen thousand dollars
in three years.
The bonded aud water debt shows like
reduction. In 1878, The water liabilities of
the village -and oil Of our funded debt was
incurred for water purposes -wsB nearly
forty thousand dollars $50, sos ii. Two
years saw but little reduction, and, at the
date Of the report last year, the water
debt was still near ihitty-nine thousand
dollars--or, to be exact, $3S, s5S. 76--beiug
reduction OF only seven hundred dollars
in two years During the past year, new
leaf has been turned over, no arearages OF
interest remain to be reported, but the in.
terest has been paid, and the debt reduced
something over four thousand dollars, be.
ing now thirty-four thousand seven hun.
dred dollare. None Of this debt becomes
due this year, forty-seven hundred dollars
of the old water bOuds--the entire issue re-
manning unpaid-and I've thousand dollars
of the RESERVOIR bonds" becoming due il
July 1879 and the remaining twenty-five
thousand dollars Of the reservoir bonds be
coming due, III sums of five thousand dol
lars each, in 1878, 1890, 1891, 1884, snc
1885.
To rccapitulate. The funded and float
ing Indebtedness, as reported, last year wa,
foriy-seven thousand nine hundred ant
eighty dollars forty-three cents This yea
it Is forty-one thousand eight hundred ant
ninety dollars and nine cents---a reduction
Of six thousand ninety dollars and thirty
four cents in one year. And this does no
show the actual reduction, for Of tho or
ders drawn by the trustees eleven hundreC
ninety-cight dollars and forty-eight cent
was for Indebtedness incurred prior 10 tn
making of the report Of year ago, making
the actual payments, during the year, o.
the prior indebtedness of tho village eigh
thousand four hundred and fifteen dollars
sixiy-iive cenis-SS ,41JG5. And th, ma
been accomplished with the trustees, b,
vote Of the village, being required for pub
lie safety to employ an extra forcs of nigh
wStchmeu, with The streets and sidewalk
kept in better condition than ever before
with new hydrants placed and additiona
water furnished for use IN case Of fire, an,
with something over two thousand dollar
expended in additional permanent fixture
for the supply Of water 4 good enough
showing for one year.