Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-02-21
s1I27OO
AFTFR 1895.
Revenue for six years a,sll2,7oO would be. 81 81
.{532,20

surplus. .,............'' 'fOo<'SOO
But the above does not take into calculation
the large increase OF taxes which would be DO
rived from the new houses erected, new per-
eonal property brought In, and new business
licensed from 1895 20 1900.
Ills reasonable 10 suppose that an additional
$4,000 Of revenue would be derived from thes9
sources during the i've years, and that the real
surplus would be over 100000. At the end OF
the ten years the city would have issued s5JO,VOO
OF bonds for improvements coming strictly un-
der the head Of street Improvements ny tne
end OF i've years she would have the rlght 70
issue bonds 70 the amount Of fl,26O,OOl
That Is 20 soy, she would have surplus OF
100000 In 1926 over and above the bonds to DO
Issued for street Improvements.
This surplus could be used for extending cul-
verts, gas and wAter-plpes ETC., while the sur
plus Of revenue could Do used for general ex-
penses OF government
WOULD STILL INCREASE.
In The year 1901, Of course, the asssssment
would again largely increase and the city could
issue an additional amount OF bonds. ,
The Auditors report, January ], lssO shoWs
that the debt OF the city OF Richmond was
about $500, CO., and the annual charge for inte-
rest and redemption paid was over tfOOOU.
The taxes on real and personal property Tor the
year 1889 we're t69l ,3lO5n -
The interest, charges, etc, were moro than
four sevenths Of the annual taxes on real and
personal property
These charges, which are Hen upon the en-
tire property Of tbs city, were incurred Tor lm-
proyemens Of which the city is now reapins the
benefit
II the property Of Lee district is 70 be sub
iected 70 a lien 70 secure this DEBT OF so'VOOVO!
and annual interest aud redemption charges OF
100000 tits only reasonable thst lts peoPie Sn ~
prOperty-oWners should require that part OF
The new bonds 70 be Issued on It's own properly
should DO devoted 70 itS Improvements, ana 70
such improvements as are most needed tor lus
development.
Asalfesdy stated the district numbers popu-
laton Of 1900 people,
ton, there can be little doubt that tho popula-
ton viii be increased 70 az least 5,DJ1 Unaer
tue Constitution we will then be entitled 70 De
Incorporated as a separate and Independent
city.
MAY BE NKw CITY.
Richmond must consider whether she VIII an
ticipate that want or suffer new city 70 grow
up between her and her great PARK Whlcn WI
get all the 6enonts OF her e1penailnres y, anu si,
ture can be moro certain than that Lee distIlcl
will 10 few years become prosperous CITY
unless Incorporated with Richmond.
When she becomes Incorporated sno VIII p prV- y
the river, and ell on the west IS far as the beI
line.
Richmond win then find herself choked of Ia
the direction OF her best growth. ana tnHaIs0u
IL Is not 70 oe expected that the VsluaDie anu p
daily growing more valuable real estate 10 us
prosperous suburb Is 20 be much longer lett ia
tue condition Of being abandoned oy the county
aod rejected By tho city.
THE LEGIsLATUBE TO ACT.
At the next session OF the Legislature some
plan for It's relief win assuredly 20 adopted.
should the views Of your committee, as pre-
sonted In this report, be adopted BY the proper
ty-oBners and residents Of Lee district they re-
commend that committee be thon appointeu
20 present n the Board OF Aldermen and Solh-
mon Council Of the city petition 70 appoint :
Joint committee 10 confer with them, ana mus
prOsont 10 tho municipal goyernment o. this ci1y
the question for their approval OF tne pian
A GENERAL MEETING.
The report before being adopted was
discussed at some length by the gentlemen
present.
Upon motion Of Major Dooley. Captain
Coke, the chairman Of the organization OF
the property-holders IN this section, was
directed 10 invite the residents OF Lee as
trict 10 attend the general meeting 70 Pe
held next Tuesday afternoon at O'CLOCK,
when the report Will be further discussed.
The meeting then adjourned