Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1878-07-09

Due on April pay-rolI....", .....""...S $50 -
Due on May payroll ..."............... 1855 80
Due on June pay.rell...".... ".."........ 95S 80
Bills 2S 80
Total SOS 0g
Less in bank ......~..... ...-~........-.~.. 2.4ll Is
Balance due ............... ..............V ,s2s So
THE STATE OF THE TREASURY.
The committee also made tbs follow
ing report:
MEMPHIS, July s, 1873.
To the Honorable Board Of Education:
Your committee on finance find that
we have received from all sources from
June 10, 1871, to June II, 1873, $48,.
25S. 20; of this amount 1892 10 was from
tuition fees. We anticipate our receipts
for the next twelve months to be 20 per
cent. less than for the last upon taxes,
owing to the reduction 10 assessments,
and from tuition fees about the same;
this will allow US about $38,765 80. In
addition we calculate on receiving for
back and poll.taxes $4,000, which will
yield a total from all sources OF $43,
765 80 This estimate is made upon a
basis OF $22, 600, 900 of taxable property
for State and county, and ST. ,000, 900 for
the city, we receiving 10 cents on the
800 for State and county and 20 cents
from the city. We find that a calcula.
ton made upon this basis corresponds
approximately with our receipts for the
last twelve months. Our expenditures
for the last twelve months we're $59,.
1893. 35; Of this amount $6359 OIL was a
debt carried over from the year previous.
On June 10, 1878, the date from
which we make our estimate, we
still owed $5648 %, only $40 70
less than we commenced the term with.
By subtracting our indebtedness oil
$564S % from our anticipated receipts Of
$43,765 80, it will leave us $38,ll7.l7 az
our supposed income for the next year
from June 10, 1878, to June 10, 1879
Our estimate of expenditures for the
next year is based on a supposed eight
months term, say from October l, 1873
to June !, 1879. Our pay roll for the
last twelve months, including salaries o
superintendent secretary, teachers anC
janitors amounted to $42 l62 46, Yol
will see at a glance the necessity for
. revision, as we have only $39. III. II Il
meet all the expenses of the board 70
the coming year. Your committee afte
mature consideration have though
proper to recommend the following:
One superintendent, per annum-.......e Isl
One secretary. per annum "".-:""m-..;. y
Nine ~janitors for eight months, at $2
each per month, and four for four
months. ...-.,.,. l,W
q Seven head teachers, at $50 per month
each. ,,.............. ........ .................... So
=, Fifty-six teachers, at $50 per mo. each. a,Ss
The above added make payroll amount
t0"..... ....-.. ...."''.'......''.. ,...'''''V0f'o
We allow for u
We allow for ~
current z'W
These items added to payroll foot up...sS9.6 81
/ expenditures, against 38.ll7 II SUI
posed income, at the rate Of $4952 pc
;. month, for eight months.
From the above it will be seer that on
expenditures exceed our supposed il
u come by $l498 SO We hope this may !
s. Cancelled by more fortunate receipt
Ie than we have calculated; if not, "
II carry it over to the next term, or cloI
the session a few weeks earlier. 1t
with deep regret that your committt
6nd your condition such as to fore
A. them TO recommend the reduction Of Il
ie salaries Of any of your worthy employees
NJ but stern, unrelenting necessity leavl
them no other alternative. In our es
mate we have considered it impractic
IS BILE with our means, for the present,
is continue the high school, and we Gale
lr late, by using the rooms which have bee
:. occupied by it, to reduce our rents
u the other school buildings. The salari
above recommended, we are iniorme
have the concurrence of the present 8
mr. perintendent, so far as his is conoerne
ri d. D. %SAUEDERs, chairman;
u JOHN L. RAEDLE.
as RICHARD II. ALLEN, JIG.
o. The report was received and action q
us ferred.
IT. TEXT BOOKS.
n, The report on change of text bool
III presented at the last meeting, was tax
'st up, There was a long discussion on
N, question Of doing away with Holm'
he Readers. The board refused to dieca
ed the Holmes Readers, but Sargent's FL
mology and the American Reader we
lie, ordered to be introduced.
is Colonel j. P. Leath was reelected
ist perintesdent by reclamation and
he salary fixed at $500 per annum.
ed 1t was ordered that the school
he opened the first Monday in October a
ity close the last Monday in May.
.rs Adjourned to Friday night.
i'll