St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-01-06

of property" it will be readily noticed that
the cities like 81. Paul are blessed with
large assets as an Offset to their debt, while
the ''5 per cent limit cities are the re-
verse owing 10 the habit OF issuing bonds
hap-hazardly through their municipal gov
emments without giving citizens and tax
payers the opportunity 70 consider the
necessity, resulting in excessive taxation
and being compelled 10 issue bonds under
peculiar headings for the purpose OF con-
eealment in providing for the payment of 4
portion Of the current expenses of their city
governments, making taxation extremely
distressing in times Of business depression.
The waterwOTks have been self-support-
ing since owned by the city. Its valuable
franchises, with the large tracts OF real
estate purchased by the city Of ST. Paul at
time when prices and values were NOM
inal, makes the value Of the works at the
present day a valuable asset, largely in eX-
cess Of the whole city debt. which, without
considering all other assets, makes the
debt practically nothing.
The Sl6O. 900 bonds issued by the old
water company cannot be figured with the
city debt until legislation is obtained recog-
nizing it as such. although it was recog-
nized by the city of ST. Paul at the time of
the purchase of the works. and the water
revenues have promptly paid the annual
interest upon them and upon all the city
bonds issued for the purchase and extension
of the works since owned by the city, and
will no doubt pay the principal when due
without burdening the people.
The financial thrift which the city of st.
Paul is blessed with is the result of low
taxation and careful economy, which no
doubt will continue through the happy con-
seryatism of her citizens.
JOHN w. ROCHE. City Comptroller.
RECEIPTS. YEAR 1855.
General taxes from October, 1854.
10 June /. 1850 ACKNOWLEDGEMENTS 1888 A
Local water tax collections on
street mains. Observation-Disclosures. 1887 II
Market collections per marketmas-
ter, Sl.796; market collections,
etc, per city clerk. Sj.26f.9I... 1850 Of
Municipal court collections ....... II,57S 90
Building permits. ...........-..... 5,63S l.
Poundage receipts. 4s8 so
ST. Paul library receipts, fines...... 466 so
Superintendent of workhouse, hay,
oats, etc, sold. ........... ....... $40 81
sold.............................. 1s5 Sc
erty sold. ..................!,.... $50 -
Houses sold on line of street open
ings............................. 155 90
Interest received upon city treas
urer's bank deposits. ............ $3.50 Os
Licenses. .:....:....:. s6,Si7 90
sessments. ....................... 2,l1O 90
Public parks, decorations sold. 10 %
Committee OF ways and means,
temporary loans................' $500 90
City physicians receipts, vaccine
lions. etc. ..................... s7I4
Gates A johnson. chairman CON-
mittee on streets. sale of old town
hall and lot In West St. Paul.. 1,2O6 6s
Certificate of sale, redemption
money collected for the holders
of certificates. ................... 1881 80
Certificates of Indebtedness nego-
tiated for special purposes. $50. $500 90
81. Paul water works, collections
to Nov. l. 1855. 12s,2OO 40
st. Paul water works. interest re-
ceived upon the bonds issued by
the city for the purchase and ex-
tension of the works............ 54,sss 90
ST. Paul water works, money re-
ceived to pay the interest upon
the $4,000 bonds issued by
the old water company. ap-
piled with the balance 10 the
credit from year of 1884. TO pay
coupons of 1855. GAS 90
Ramsey county bonds for court
house and city hall building .. $4,000 90
City bonds sold. ACKNOWLEDGEMENTS. $50. 600 90
Premiums received upon bonds sold As 81 "a
Accrued interest upon bonds sold. 5000 43
Local assessment collections upon
the following improvements, viz:
Street grading assess
ments sle6, 500 OIL
Cedar pavement assess
mtnts.. 1888 80
Street opening assess
ments. ................. 1888 90
Sidewalk assessments go. 39.015 16
Sewer assessments. $500 $1,000 p
Street sprinkling assess
ments. ............... 2,129 20
Street change of grade
assessments. 53.257 81
-S434,2 33 81