Evening star. [volume] (Washington, D.C.) 1854-1972, 1876-01-11
DISTrTCr AFFAIRS y CONGRESS
The Interest ON the ca Ponds.

T. q following communication has been
sent Ia the House OF Representatives..
JANUARY a. 1S1f.
T. -Hs Srs01.g a. ne TF0syc ~ PcI,rsoe,f,rr' r s,
SfR. The Commissioners Of the District re-
specially request that the attention al Con-
CIC7s may Do called % the necessity az lggiS-
..,l.'. = sion ior inc p''NHneut o. the in
teT-st oa TIE loDdS Sutbur.Eet 20 re Issued
Ply tie SCt ~ Cor gross. approved June 20.
fs.4. elCttL An ACT COZ tine government OF
TIE District % Columbia. and fpr other pur-
l'ses.- Those bonds gre generally known
rs ..-'5 bonds" Tse act above ritai nltsl yes
mo tSirI OF the United States 90 the paw
mont tEy the proper proportional a0Tr1p-Ia-
tCD. ARD bN taxation on The PROPERTY viii.
ia rit DISTRICT of the interest on said bonds
Is sy'l. as 20 TIE creation or n sinking fgui
i'T me i.lH rest Of the principal thereof ar
TH'yTIJr. Z con the funded GGl. OF tIla Dis
iTict az Co.En bia other than the 5-oI bonds,
tie interest. including that due January q.
l>'t. las been raid. By tire act OF February
90. 1875. The interest on the 3. IS bonds Is paya
be ~ The United States Treasury. After
payment from the treasury Of the District OF
IT, current expenses Of the government. and
The Interest on The funded deb, Of the District
other than Tie 3-o5 bonds, the revenues Will
not be sufficient 10 pay any part
OF the interest on tue 3 - bonds,
which falls due ON February l. tS.G.
The commissioners Of the Sinking Fund
have, Ecwcver, on deposit at the United
states Treasury $40 coo applicable 10 tie
payment OF this interest. II results there
fore, that either Con reSSiOnal AUTHORIZATION
must be default I'm the payment % interest To
which tho faith Of the United States f.
pledged. The Commissioners are al viSed hv
The Board Of Audit that, in the opinion OF
that board. provision should be made for the
FEBRUARY interest on Sii.3T9 SGs-55 OF the 3.GT
bonds. The facts upon which this opinion i
nSsed ere stated in q communication from
the Board OF Audit hereto annexed. For the
semi annual interest on Si4 .}g9 So 55 of these
bonds there would be required an addition 20
the above mentioned Sl0o00 now on hand the
further sum Of 500. T91. -. Toe Commits
slonerS Of the District therefore recommend
the appropriation by Congress OF s222 1gT 50
or so much thereof as may be- necessary for
tie payment OF the interest on such bonds
due February !. 1876. Respectfully,
W;pENNIsoN, (co,,p,rsyso-.,s
j. II. KETCHUM,S NoiiiA->a.oIef>'
THE BILL FOR PAYMENT OF THE INTFRFsr
OK THE 3A5 BONDS.
lne following is copy OF the accompany
II till entitled "an act for the payment OF
The ~ teTeSt on the 500 bonds SsueI under
ire act OF Congress. approved june %, 1S1i.
ehtted An act FOR the government OF the
Dlstrict OF Columbia and other purposes
Bc a. enacted, &c. That the sum OF 1922 711 50
IN currency, or so much thereof as may he
necessary, be and Is hereby appropriated for
The payment of the interest due on February
J, 1876, on the bonds known as 3-65 bonds,
lssued under an act OF Congress, approved
June %, 1874, entitled AN act for the gov
eminent Of the District OF Columbia and FOR
Other purposes which said interest is pay
ahle AZ The Treasury of the United States,
PURSUANT 10 an act OF Congress, approved
February 20. 1875, entitled AN act 70
amend an act entitled IAN act for the gov
eminent OF the District OF Columbia AMI FOR
other purposes approved June 20, lS14.'