Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1888-03-02

tract was let by the following vote: Ayes
M. b. OberdoTfer, President, Bargamin,
Bell, Berkeley, Butts, Craig, Crowle, Nc
Qualde, SummersOn, TamS, and Teabo.
Nays-nOne.
The council next adopted set of plans
and specifications for Poor-House and
the Committee on Relief of the Poor was
instructed to ask for bids for the erection
of an Almshouse in accordance Herewith.
The bids having been laid before the
council, the contract was let therefor BY
the following vote: Ayes-J. A. Cochran,
President; Bargamin, Berkeley, Butts.
Craig, Crowle, Mcmahon, McQuaide,
Oberdorfer, Summerson, Tams and TeabO.
| NayS-nOne.
This expenditure cost the city s., 10000
complete.
The next expenditure. was for COM
| mercial electric light plant. The Com
| mittee on Electric Light recommended
the adoption of this measure to enable the
city to pay for cost of lighting her streets,
out of the net profit arising from rent OF
such commercial lights.
| This plant cost the city Sc $40 20.
| AS the same force OF hands that is used
; to run the street light plant can, and have
been, for the past three months operating
| both plants, the cost to run the two plants
| ought not to exceed So 10000 per annum.
| The City Treasurer now holds contracts
with reliable parties for rent of its COM
| mercial lights, to run for one year from
Dec. |, 1887, amounting co $2,773 20. and
is also lighting the rooms OF the Fire
companies, and entrance to Opera House,
and thereby saving gas bills amounting to
| at least $75 per year. SO 1t Will De seen,
| that as an investment, the CONNER clal
! 20 q if hrIDUl t..
| enue Of say So, 500 per annum on an outlay
| of sc. $40 20, and with this revenue the
city can pay not only the running expenses
of said plant, but also that of the street
| light plant, thereby saving to the City the
| appropriation heretofore made for street
| lights, which sum can now be set ASIDE TO
| redeem the Sc 500 in bonds issued on &C
count of such commercial plant, and
which mature in one, two, three, four,
and five years.
| What man of business would hesitate
!. to expend So 900 to get revenue there
: from of So 800 per annum?
F., Now then, in addition to making sundry
small, though permanent improvements.
such as putting new roof on the old por-
ton of pump house, laying large guam
tity of curbing and paved cutters. buying
| a stone crusher for use of streets-Whlch
!, was recommended by the city engineer IL
| years ago-erectiDg fire plugs and laying
new water mains, and depending jud'c-
iouslY the usual appropriations and EeepanQ
| Iarqely agatIai1a the revenue of the csty. l
ask, how does the city stand financially !
| To determine this let us compare her
present status with her condition on June
80, $50, the day Immediately proceeding
| this councils entry into office.
Her bonded debt is. ...... $Sls SOU W
WAS lima
80, 'S6. 3Ul ,UOU w
Increase in bonded debit. IA 900 90
Her sinking fund is..........$7O BAT Ct
g was June
| 30. $50 ................... OF 5oo I'd
Increase in sinking fund.-. 13. 044 q
So it will be seen, that although the
bonded debt has been increased by the
present council to the extent of S14. 800, II
has put S13, 900 of such increased indebt-
edness in the sinking fund which is held
by the city treasurer
What has the city to show for the ex-
penditures made by this council:
First-A new pump and en-
larged pump house, worth. u.s. 1908 sc
Second-Au aims house COM
| plote, worth. 6GO VI
! 1uIu-ou Cl0SIilC llSuo PAobo
for streets, worth. ............. 9.270 O(
FOurth-A commercial cleo
trio plant, worth. 6.94O z
Flfth--Paid on account OF new
School Building, leaving bal
ance due thereon of So 000...... 11,644 6!
$37,658 Al
1t would be proper to deduct
from this sum the destroyed val
ue to the city, in taking down
the old school property and
which may be stated as follows:
cost of lot and building SIS 500.
| Present value of lot, doors, win
dows, frames, &c, reserved, and
old material $4,000. leaving
destroyed value of. ............ 1900 o.
$36, l5S Al
Every dollar due by the city has beer
promptly paid on presentation and tn
rate of tax is exactly the same it has beef
sin, e May l, 1881, with the exception O.
one year.
1 ask you. Mr.. Editor, to go search tn
records of the acts of all former councils
since the town was first incorporated an(
let the public know if they show as man.
permanent and useful Improvements
which exceed IN value the bonded deb
| 10 40 ho Ipo