Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1881-04-02

Cash In treasury. 81, S53 s.
Unsolicited taxes of J. g. Turner, 1876 l6
Interest on taxes due from J. s. Turner, 40 10
Uncollected taxes of Guy Turner, State,
County and City. 1873 10
Uncoiiected taxes of Guy Turner. Village
District. 1913 IL
PeIeg Morton's note and interest, 3o4 %
Nonresident tax deeds on file, LA II
Resident tax deeds on file, 1900 81
Total resources, s14.6ss 50
City Liabilities.
Temporary Loans, . 5000 90
Five per cent. bonds of 1854, 1890 90
Improvement bonds of 1867, 2U2, 800 90
Six per cent. bonds 1875. 5000 90
Coupons past due, 2,5aS SO
Due School Districts, 9O7 rs
Endowment fund in hands of city, 1000 90
Total liabilities, Aa25, eos SO
Total resources, 1859 s2
Balance against city. s3lO5O6 81
The usual temporary loan to meet the run
ming expenses of the city until the taxes are
assessed and portion paid into the
treasury, will have to be negotiated, and
should receive attention from you at once.
COMMENTS ON Our FINANCIAL CONDITION.
At the commencement of last year, the
total indebtedness of the city was S3l7, 464 10.
The total Indebtedness at the close of the
year, as will be seen by the foregoing finan-
cial statement, was S3lO.5O6.54. thus show
ing that we have reduced the indebtedness of
the city during the year. SIX THOUSAND NINE
HUNDRED FIFTY-sEvEN DOLLARS AND FIFTY
SIX CENTS. (S6, 957. 56.)
In view of the unusually heavy burdens
imposed the past year, am sure that we have
reason to be well satisfied with our labors
1t must be remembered that our State and
county taxes were over 81. 900 larger than for
many years; that cramped our running ex-
penses to that extent. 1t must also be re-
membered that We had over 81. 100 to paw for
the bank wall at kennebec bridge which was
contracted for the year before: remember
also, that the Thayer case was decided
against the city, thus taking $500 from the
assets of the city: remember, also. that we
have had the hardest winter for snow bills for
many years; remember also that the rate
of taxation was not higher last year than in
former years. but was. in point of fact, lit
tie lower. So that, l say, in view of all
these facts, we have reason to be satisfied
with our labors. and l trust our citizens will
also be satisfied.
THE HIGHwAYs.
trust that the improvements of our streets
during the past year proved acceptable to all.
We did not try to regrade and put in proper
order every street an the city, but rather tried
to do our work thoroughly so far as we went
Sewall street, for instance, was thoroughly
repaired, the old wooden culverts, to the num-
Der Of eleven. were taken up, and replaced
by granite. The sidewalks on Srwall street
were also thoroughly graded. A large part
Of State street was treated in the same way.
and will be finished this year. The proper
grading of Winthrop street has already been
commenced, and will be thoroughly done.
Other streets will come in for a share of our
attention.
The teams belonging to the Poor and Fire
Departments were placed under the direction
of the Mayor and Street Commissioner Cot.
tie, and both have done good years work.
Winter dump carts have been provided for
each team; the fill on Chapel street was sue
cessfully accomplished. notw outstanding the
very unfavorable weather during the winter.
In any ordinary winter, 4 large amount of
work can be done hauling gravel, and at
very small expense to the city Commits
sioner Cottlc found gentleman in every
81 nse of the term, and we worked together
tremendously in the interests of our citizens.
The reelection Of Mr.. Cottle 10 but fitting
compliment to an efficient officer
believe that Commissioner Severance did |
all he could with the amount Of money At his !
command The oatlying sab-districts, in |