The Morristown gazette. [volume] (Morristown, Tenn.) 1867-1920, 1881-07-20
WHAT WE OWE,
AND TO WHOM WE OWE IT.
Report of the Financial COndi-
ditiOn of Our Corporation.

/ Below we print the report of Alder.
man VIM. Mcfarland, relative to the
financial condition of the Corporation
of Morristown, read at recent meet
meeting of the Board, and which we
promised to lay before our readers:
To the Board of Mayor and Aldermen
! of Marristown, Tennessee:
The subscriber having been appointed
| by an order made by your board, at a
former meeting, to investigate the finan-
cial condition of the Corporation and re
port and show the condition and liabili-
ties of the corporation, with interest up
to 1st day or October, 1880, with re-
port of the assets and means of the e'cOr-
poration to meet the outstanding liabil-
tiles, begs leave now to report that he
has given the subject the best investiga-
tion in his power, and exhausted all the
means of information accessible to him
on the subject and now submits the fol-
lowing report of his investigation, viz !:
l. That the outstanding and unpaid
debts and liabilities of the corporation,
bearing interest, may be used in the fol-
lowing statement are embraced under
the following heads
l. Old bonds with accrued interest.
compromise JULIUS eluO DtbiohSOo hhC
on compromise. ~
3. judgments unpaid, with interest.
FlRsT.-Old bonds outstanding, viz
There are in the hands of F. W. Taylor of
this class II bonds, each for $780,, total ~.
On IA of these bonds coupons Is, 10, 20
are unpaid, which, with interest to 1st
October, 1880, amounts to ............ l4O "
On 81 of these bonds couwons from 13 ..
to 20, inclusive, are unpaid, which,
with interest to 1st October, 1880,
On IL of these bonds coupons from Is
to 20, inclusive, are unpaid, which,
with interest to 1st October, 1880.
On , rt these bonds coupons 13, IA, II
to 20, inclusive, are unpaid, which,
with interest amount to -...,.-.... AZ 20
On 4 of these bonds coupons from II
TO 90 inclusive, are unpaid, which,
with, interest, amount to ....-. % ~
On 3 bonds coupons IA to 20, inclusive,
are unpaid, which, with interest, a
On bonds coupons Is and from Is to
90, inclusive are unpaid, which with
interest, amount to ...... .,t.-.. 90 SS
On / bond coupons 10 to 90, inclusive,
unpaid, which, with interest, a.
I bond with coupons i2 to 20, inclusive.
are unpaid, which, with interest, a
mount to o........s.,...-...t.--- 0U VO
bond with coupons Ito 20, inclusive,
with interest unpaid, ..........-... 30 40
D1aIS %itU interest mlsr sfae1 are Unpaid s %
bonds with coupons to 20, inclusive
with interest are un paid .......--. oo 81
u bonds 81, s,69s 50
of these bonds 65 each for 500 became
due and pay able on JAN, 1879, and
interess from that date to October,
1880, would be 49,. oez 0O
bond for 500 became due on / JAN,
$780, interest to Oct 1880. ........ 5O
g bonds became due on the July, 1880,
each for $10G, interest to Oct. i, 1850, %
TI,ar mi q
~ IN ali total due oct. 1880. s., 1870 80
Mrs. Mary G.. Shannon holds of the
Old Bonds as follows.
70 bonds each 500 .,,.............. SI,2Ou W
Coupons from 1 July, 1877, each up-
paid, to jan D., 1879 ...-..t.... 100 ~
10 of these bonds were due JAN, 1879,
interest to l Oct, 1880 .............. 100 w
of these bonds were due Jan, 1880,
interest to Oct, 1880. 0.-..-......-. w
% bonds-total to Oct, 1880. $1,479 go
10 bonds are held by the oeirs of Mrs,
Coffin, of Knoxville. The numbers
of these and he-interest unpaid L
am unable to give, but as they were
each for S100 the tstal would be ..-... Sl,OOO OO
Interest, coupons, &C unpaid, estl-
mated ....-...-.-. ...--..-.-.s 0OO W
10 bopds-totai principal and interest 81 900 90