The Cairo bulletin. [volume] (Cairo, Ill.) 1872-1878, 1876-05-12


council and the citizens Of Cairo Of the
healthy condition of its finances. consid-
ering the amount of work done the past
and the present stagnation Of business.
Scrip outstanding April 20,
| 1TJ....................... N,lI9 w
Amount OF bonds outstanding iGc,26s ~
Total city Indebtedness April
| w, "...."............slS',l'' W
RECEIPTS AID EXPENDITURES DURING
YEAR.
April 3Oth. 1875. cash in treas
NEUTRALITY-SUSPICIOUS.. i,2ll II
April 80. 1876. total receipts
past year ..........,..,..'..''...'. 'J,TI2 w
SGO.l23 ~
Amount paid ont treasury
past car..."......,,........... D,S2O ~
-
Balance in treasury April ~.
Is'G ...................."....."s p2 2?
cry INDEBTEDNESS.
Bonds outstanding April Both.
1875 ..............'........ 500. 2es 20
Bonds paid during ycar....... $50 20
-
Bonds outstanding April 10.
1s7G~...............................siGs,7ls 30
Interest bearing warrants out
standing April -, ls75,.... 2o,l7o 90
Interest bearing warrants paid
during year. ''............ go. 3,272 80
Outstanding interest bearing
warrant April 30, ls7G.".."S lG.907 ~
Total city indebtedness out
side of levcp script. A.. j2j 30
city Indebtedness April 30.
1879 ,...o...."................,s4so,ii7 81
City indebtedness April 20,
1876 .......................... 49, .C2j 80
Reduction of city indebted
ness for the ycar........"....$ 3,S22 ~
TOTAL CITY INDEBTEDNESS.
April 80, 1876, bonded indebt.
edness................... lDs, us 20
April 80. 1876, outstanding in
terest bearing warrants...". 1G,0O1 IL
April 80, 1876, new levec city
certificates. OBSERVATION-DISCLOSURES. 3.ssO w
Total city Indebtedness.
bonds, interest. scrip and
lcvec warraDts..................S 49J, 900 ~
which statement shows larger city i'll
debtedness than one year ago, which is
on account OF the building of the new
by the payment OF taxes TOR the year
1876. This is large amount OF lndebt-
edncss for a city OF the size Of Cairo.
There is an element at work In the city
who are in favor OF repudiating the tax
on the railroad bonds. OF the legal right
of re- .istancc TO the tax ] know not--the
tax now assessed, in my opinion, must
De- paid.
Some persons advocate the dispensing
with the city government and orgauiz-
ing under a township organization. ! see
nothing to be gained by that plan: we
must have some kind OF a government.
and IL the present one l. economical and
parties pay their tax, city government
will go on.
lind the revenue the past year deriv.
ed from licences amounts to Sli.,Gl SO
Receipts from Iines.............. ,U}0 OG
Receipts from city scales. G3 -
Receipts from insurance agents - -
Total................. SIS. SOS -
The expenditures OF the city might be
reduced by Il reduction Ofthe police iorce
even tn chief AMI TWO policemen. The
salary then OF all city officers per month
would only be S4.l ~, or each year to the
sum Of $1,000 OF. being only triie over
one-third Of the four items Of revenue
named, which would leave balance OF
Sl0.23s - that we would have for gene
raj purposes. and by dispensing with gas,
hauling OF garbage. and all work on
streets aud sidewalks, with the exception
OF what could be done By the jailer with
the chain gang aud the street >uperintcn-
dant, IL would be a sufficient sum for all
general purposes without levying a tax
upon the people for general purposes.
All that would be to provide for would
be the interest upon our bonded indebted
ness, and perhaps before it would be time
for to make another tax levy there might
be some way opened up 10 u. to get us
out Of our legal obligation to pay the
railroad tax.