The daily state chronicle., 1891-04-22

P''A IL ah"S0LAeut was now inaugural |
ed, tnat OF appertuning the general fund
receipts to the various branches of the
government, and holding each within its
Ine financial management of the three
democratic administrations has been
most admirable. From beginning till
10 day SO soon as the exigencies Of the
case demanded necessary amendments
were secured to the charter of the citv
under which improvements might be ac- |
complished and the prosperity of the CITY
advanced.
Upon such authority granted by the
General Assembly ratified and endorsed
py the people the Thompson administra-
tlon issued bonds for consolidating and
refunding the city debt, for street i'm
proVement and for public improve
ments.
As evidence to VIII At extent confidence
abroad had reached in the integrity of
our financial condition and the adminis-
tratloD of our municipal affairs in gen.
eral, Immediately upon the announce
ment that Raleigh would issue bonds,
propositions to take them all focked in
from various Northern citizens having
capital to invest.
The first sale of our consolidated debt
bonds was $43, 900; which sold at pre-.
MUM of 5. .52 per cent, realizing $45-
313; then the $25 900 of street improve
ment bonds were placed upon the mar
ket and sold at premium of 1926 per
cent, realizing $26.812; then $50, 1000,
Public Improvement Bonds were sold at
a premium of 1926 per cent and soon
after $25 900 more Of the latter class
were sold at premium Of $3 so
per cent, realizing for the is
sue of $4,000 profit of
800, or in the aggregate $500; on
the $143,O 900 in bonds placed on the
market and disposed of the city
realized $3.50, ,6S5 SO, or s. $3.50.
This splendid financial showing has
rate of taxation has been decreased
20 cents on the 800 valuation of taxable
property S4S, 500 of 8 per cent. interest
bearing bonds, known as the market
house bonds, have been paid off and de
stroyed, $50, 450 of 6 per cent. interest
bearing bonds, first issue funded debt
maturing July l, 1897 have been re-
placed by per cent. consolidated debt
bonds to mature in 1919; $25, ,O90 pei
cent. bonds, second issue funded debt
| maturing 1907, have been replaced by
] per cent. consolidated debt bonds ma
S turing in 1919 The city has visible an(
l permanent improvement to cover th
| investment Of 100000 street aud publi
improvement bonds.
' The Thompson administration ha
5 taken the initlatory step 10 make aValla
bic the Rax Hospital Fund toward the es
t tabl.shment of q Hospital, the presen
# b. ard ofAldermen, having created cou
Q mittee to confer with the trustees of tha
Ii fund and formulate a plan for the 81
l. complishment OF this greatly neede
g charity.
if The street railway complication, has
Y by the decided action of this admin
lration, been adjusted and at An earl
n day our citizens will appreciate the grei
al street railway system.
a Tie long needed want of an audit
h rum, under the Thompson administr
es tiop, being one of It's last acts, h
~ assumed shape and with the prop
u assistance from our citizens will devel(
lie success.
e. 4 question which has time and aga
lg agitaJed our people and engender
he heated feelings pro and con the prot
I'd bition question-has under this admin
N tration been happily settled by the
ed PRODUCTION of moderate high licen
d. system, and at the same time added We
-e la, gelv to the city's revenue.
re That the three Democratic administr
ticn5 have placed Raleigh upon fir
ty ald solid foundation, no one will ga
"a say. The brains, bone and muscle
no our community have worked in harmo
IS. in accomplishing this end, and no o
,er will deny that the Democracy in its
,et lection of its representatives has alwa
os. chosen and placed in charge the We
up best and representative men OF
ri different wards. The Board of Aid
of men have never failed to chose as
ase head of the administration the best m
lie for the position under the sourroundl
vas circumstances, and to fill the va1lt
gor city Offices only those who were CONF
ch tent for the position and who had
ew honesty, capacity and fidelity to tru
Id heretofore reposed in them, been sele
rec ed to carry out the means and perfo
3ne the work laid out by the different &C
ing mittees of the Board OF Aldermen.
irst men who have filled every position {
on. ated by the charter or Board of AID
,ro- men have uniformity had the thanks
ers commendation of each retiring Board
his Aldermen and with these recommen
ries tions and the perfect confidence of
.om whole community, have been repe ate
,me been re elected to their former positic
ion, which have certainly been honors '
ton and worthily bestowed. We are SUI
cto on the road to great glory and fat
,ve- happiness.
ory, The Manly administration took cha
Ca Of an almost defunct corporation ant
,igh it's wisdom, economy and persistent
oye- forts paved the way from ruin to sal
Me- Its two years Of labor has its rew'
,ler The Dodd administration for five ye
aph added to that which it received wher
de suming charge of municipal affairs U
/ on the city was upon the solid rock OF
nth. cess The Thompson administrat
t of now about to close, will turn over t.
was successor the affairs of one of the g
Raj South's most progressive cities.
sces- nave lAbored for the good and only
n of good Of cur people and every cit
,rks. who has a sisted in the work as al
and man under either of these admin;
~ he, - r no