The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-03-05

and personal tax, $40, S56.6S; detlnQuent
real and personal tax, 81, 295. 16; Maury
cemetery, 81, I0A 80 dog tax, 1921 goat
tax, SO; wagon and cart tax, $l13; lines,
STS.o 90; scale-house. S4I.60.
Toss, receipts for The year. .SSA,0e 18
Amount received on account OF oiiis ,o,os IN
AMOUNT saDtte Of Diiis paid by note s,6o5 IS
A nopds 90 so,e78 90
inS.Funa COMMITTEE. -. ........ s26 IS
A nacsrts. 2s7 90
Total receipts from all sources. .S4sl,4o4 "a
Below follows statement OF the
DISBURSEMENTS FOR THE FISCAL YEAR.
Balance due Treasurer on commissions
for year ending january 81, 1877, S165.15;
na;d IN account Of bonds due and redeem
ed, s9,l00; for bills payable, S2S,066.8S;
tor Sinking-Fund Committee, $S62.02; on
intarest, S15,700; discount and brokerage,
s4,397.35; street improvements, S2,47l.54;
For contingent expenses, $4,933.S5; for
election. expenses, S170.50; on improve
ments to waterpower, S7,35S.9O; on water
works, S1I6.97: on Hastings Court,
81 1896. 80; on account OF Maury Cemetery,
5000. s3; for police, S2,5O6.42; on streets
generally, $S,455.S0; salary OF Judge OF
Hustings Court, S956.04; salary Of Mayor,
Treasurer, and Auditor, S2,452.40; on ac-
count OF copying records, 500; on account
OF Special Street Committee, $232.55.
Total amount Of disbursements, $50, S15.-
50; balance In treasury to date, S4,5S9.24;
aggregate, S91, 404.74. Vouchers for all
the receipts and disbursements have been
presented properly audited and approved.
STATEMENT OF THE CITY DEBT.
Amount Of funding bonds sold during
the year, $3S, $50; amount OF street bonds
sold, $4,000; amount OF cemetery bonds,
$500. Total amount of bonds sold, SAT-
$50. :,
Amount OF bonds due and redeemed,
$500; increase Of the bonded debt during
the wear, $685. 5O; amount OF bills payable
made during the year, $40, 1908; amount
of bills payable paid during the year, $685.
O65.SS.
Decrease in the floating debt during the
year, $7,3S5.15, subtracted from $3S,250,
makes the total increase Of the debt during
the year S30,914.S5, less S4,5S9.24, amount
in treasury TO date. The actual increase Of
debt for the fiscal year was S26,325.6l. The
bonded debt Of the city February 1, 1877,
was SIS, 300; the floating debt, S41, 501.94-
total Indebtedness, S239, 801.94.
Increase OF debt as per the foregoing
statement, for the fiscal year ending Janu-
airy 81, 10 lSs @Lo,OIosO1, COtdt QcUt Vi GuC
city February /, 1878, 1926, 1876.
The total debt as above consists Of
bonds, s2S6,55O; bills payable with bonds
to the amount Of $4,000 as collateraD,
amounting to S34, 1863, subject to reduc-
ton Of amount OF cash in the treasury
(S4,5S9.24), making an aggregate OF $780,
1876.
REMARKS OF THE TREASURER.
AS to the increase of the debt Of the city,
amounting to S26,325.61 (as per above state
ment), the main items will be found: First,
the expenses on the water-line, S7,53S.90;
second, ION account OF street improvements,
$4,000: third, on account OF discount on
baads sold, S4,S74; fourth, on account OF
settlement with the county OF Chesterfield Of
$1,525; and lastly, by reason OF debts con-
tractei sie previous year, and which were
not ~ ni.iaea in the accounts Of the Auditor
and Treasurer until the last fiscal year.
These is still in the hands of the Sinking
Fund Committee $535.17 uninvested, which
amount might properly be deducted from
the citY's Indebtedness. There has also
been paid out Of the treasury note for
$232.05, properly chargeable to the Special
Street Committee, and which will be refund
ed out of the proceeds OF the $1,000 street
bonds, the whole Of which have been con-
sidered in the above estimate OF the city
debt.
The annual revenue Of the city has been
cut short, say about $4,000, in consequence
OF the failure Of the Manchester Iron-W orks
and the Manchester corn-mill to pay the
usual rent, and also in consequence OF the
greater part of which, however, will vet be
collected. All Of which is respectfully sub
mitted.
This admirable report Of the city's fnan-
cial condition was referred to the Finance
Committee.
The Treasurer might with propriety have
also mentioned deficit in the hydrant
rents, and the consequential damages, in
conveniences, dangers, and discomforts to
which the community was subjected by the
cut off OF the water-supply.
THE FIRST PUBLISHED REPORT.
The report, as presented, has been pre-
pared with considerable care and labor, and
may be relied uron as being perfectly accu-
rate.
The Dispatch claims the credit Of being
the only paper circulated in Manchester to
lay before its patrons comprehensive and
at the same time simple statement Of city's
fiscal condition since its incorporation,
either as town or city.
1t may be- fitting finale to this article to
state that in addition to an annual revenue
Of some $50, 900, the city owns property, in
GLIDING its water-power, valued at nearly
100000. Its interest is promptly paid, and
it is perfectly solvent. A perceptble ad-
vance has recently been made in the price
OF its bonds, and there is no better opening
for safe investments in this country The
present Council are determined to use rigid
economy in the administration Of affairs, and
il no unforeseen misfortune overtakes us
the statement at the end Of the present fiscal
year will be even more encouraging, and
Manchester's onward progress to greater
wealth and importance will have just begun. |
Officers Eiected.-The Beau Monde As
sembly has perfected its organization by the
election Of the following officers Henry &. |
Beattie, president; Willie r. Flournoy, |
vice-president; George Il. Chiles (Ned), |
secretary; and Julian Snellings, treasurer. |
David Beattie, William A. Lambkin and |
Clarence H. Flournoy, executive commit
tee.
The following are the officers Of the j. II.
S. Lyceum for the current term Conrad f..
Lipscomb, president; w. r. Charlton, vice
president; Vernon Bradshaw, secretary |
and Henry A. Cook. treasurer. Conrad F.
Lipseomb, c. 5. Wells, and Fl. A.. Cook,
trustees.
8 d. DIG. p. r. John Henry Higginbot-
ham, OF Brownsville, last night installed the
a.. IL.