The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1885-05-03
TIE CITY OF DALLAS.

Inc report rom MR.. w. E' IAkhi jsoo-
rotary of this city which appears in tab
ular form this morning in the HERALD y
Will, Notwithstanding its array OF fig
ures, prove very interesting to those OF +
our citizens who take lively interest
in municipal affairs. 1t Is model OF
excellence in its arrangement aad re-
fleets great credit upon the ability, a6-
curacy and tact of this more than popu-
lar and efficient city secretary. In the
mass of figures, two or three facts stand
out prominently, and show in nutshell {
the actual financial status of Dallas
regards regular expenditures ar
ceipts, and our ability, there ro 20
meet our obligations.
The city is about $4,000 in n
1t is continuing to grow daiIy, "a ~
as many moneyed me,a With ,ts cor. |
porate limits, perhaps, as a .,.e,tr, i, o..
south of its size. Its as - 49, .o,,o~r~
valuation is $75OO,OOO ir 'esSvS r, ~
This amount of prone, round numbers
debt in round nnn,I ty has upon 1t
sG4 600 bejng not, ,ers Of S4s6,eOO, some
| honds and ~, some 100000 in
| pN'hAsf anu
600 on ,ccoun deduction of $l25
atm of thec, q Of bonds in the hands
est is abop ity and for sale The inter-
indebtee .t'$2o,OOO per annum on this
pendii .aoss. Tho total ordinary ex-
ordi- ares are $3.50 47z32, and the total
so, Asry receipts from permanent
Aro9s arc Si5s T4l0, or a aGrplus Of
4bout $2s 900 annually, over and above
Isll expenses Of the city and interest on
a tho bonds. IN this account we show
only those receipts and expenditures
=. which sre permanent items, and do MOI
include those on either side which are
20 items to day, but not tomorrow.
81 The expense account, which looks
wy large, is composed of a myriad Of little
as items, and it is, in fact, a most economi
CO.. showing Aside from this, is or
Wy both sides Of the account huge show
of ing which may be CLEANED from Mr.
OF FARRY's table, but not here referred to
on because OF an unstable or transitory
,hc nature--such ~ delinquent taxes, etc
lp- The actual property assets of tho city
ier arc about $4,000, leaving at debt
in round numbers, over assets, Of about
S25O0OO. Back Of this, therefore, from
hg these figures, is an actual assessabll
ms property OF $7,5OO,0OO, ana an availabl,
us sinking fund of at least $25, 600 per year
me From this table 1t will be seen tina
ING Dallas can, not only pay her interes
III with ease and all curront expenses, bu
DIS create annually sinking fund which
M would discharge the entire debt in fey
years, and this, even at stand still
is and not figuring upon the rapid increase
of of property assessable, which far out
for runs annually the increase of expedi
me lures. In year or two with but a tri
,ne fling increase in expenditures, value
ca. might be- doubled and receipts be $500
Isy 600 instead of $l5S,0OO. What better in
as vestment, under such a showing tina
Dallas securities, and what city of sim
lar size or equal advantages and pros
'su poets in Texas, can better afford, from
'no financial point, to better herself and in
w orease,by great enterprises andimprovs
ments, her annual receipts, while bu
! 4" slightly adding to expenditures? !
ma close examination OF SECRETARY PAR
say RVS report will repay tho general resde
IAN as we'll as those especially interested.