Evening star. [volume] (Washington, D.C.) 1854-1972, 1892-11-03

E. H. Nebeker. treasurer Of the United States
nd ex-officio commissioner of the sinking fund
of the District of Columbia. today submitted
his annual report to the Secretary of the Treas
ury. The amount uninvested of the sinking
fund for the old funded debt and the 1865 per
cent loan at the close of the fiscal year 1891 to-
gether with the amount available for sinking
funds from the appropriation for interest and
sinking fund for the fiscal year ending June 80,
1892, is as follows: Sinking fund for old funded
debt-Balance uninvested July 1, 1891, $751;
l51.16; amount available for fiscal year 1892,
$172, 3Os44. Total, s253, 4596O.
Sinking fund for 3.65 per cent Balance
uninvested July 1. 1891, s2,273.26; amount
available for fiscal year 1892, $500, ol5.63.
Total, 262, 2S8.s9.
The bonds retired for account of the sinking
fund for the old funded debt during the fiscal
year ending June 80, 1892, were: Permanent
improvement per cent bonds, due July /,
1891, $7S, 200; permanent improvement 7 per
cent bonds, due July /, 1891, 81, 500. These
their par value, leaving balance Of $173, 1883 60
uninvested.
The bonds purchased and redeemed for &C.
| count Of the sinking fund for the 3.65 per cent
loan during the fiscal year ending June 80,
1892, and the rates paid therefor were fifty
year funding 3.65 Per cent bonds at par and
interest. s27, 100; permanent Improvement
6 per cent bonds redeemed at par, S20S, $50
permanent improvement Z per cent bonds re-
deemed at par, S26,S00 These bonds. agg,e
eating S262. $50, cost 1922, 81, leaving :.
balance of $3382 uninvested.
The amount available for the sinking fund
for the water stock bonds for the fiscal year
ending June 80, 1892, was 80, POS. The balance
uninvested at the close of the fiscal year 1891
was 1910, making total Of 30,211.70 for in
vestment.
The following statement shows the bonds re-
tired for account Of this sinking fund during
the fiscal year ending June 80, 1892, and the
rates paid therefor:
Permanent improvement 6 per cent
bonds redeemed at par. S24 200
Permanent improvement per cent
bonds redeemed at par. 5000
These bonds, aggregating and costing $50, 200,
leave a balance Of Sl1. 70 uninvested.
The following is statement Of the funded
debt Of the District Of Columbia and late cor
porations OF Washington and Georgetown on
the LIST Of July, 1878, when the duties of the
sinking fund commissioners of the District
were transferred to the treasurerNo of the United
States. and on June 80, 1892: Outstanding July
1878, S22, LOG. $50; issued, S4.516 100; retired
81 $50; outstanding June 80, 1892, s19, 1873,
400.
To provide for the redemption Of the bonds
maturing in 1891 the treasurer issued and sold
in accordance with the provisions Of the act
81, 400, 900 of 8. so per cent bonds at premium
of 1881 per cent realizing the sum of 81, 412,-
! 744, which applied to their redemption
leaving bonds amounting to 1854, 200 to be pro-
vided for by the sinking funds.
| To provide for the redemption Of the bonds
maturing in 1892 the treasurer has issued IN sold
| S490, 900 of g. so per cent bonds at premium Of
1921 per cent, realizing the sum Of S4O5, 164
which, after being applied to their redemption
! will leave $478, 800 to be absorbed by the sink
| ing funds.
The estimate submitted to the Commissioner
Of the District of Columbia Of the amounts re-
Quired by the treasurer for the service Of the
sinking fund Office for the fiscal year endinf
June &c. 1894, are follows:
For interest and sinking fund on the funded
Indebtedness, exclusive Of the water bonds
81 ,2l3,9s7.97; for current expenses Of the sink
ing fund office, $4,000; for interest and sinking
fund on one-half OF the amount appropriated
to increase the water supply of Washington
D. c., SS3, 1888. 80; for interest and sinking FUND
on one-half the cost of the forty -eight-incl
main and connections and 14th street main anC
connections, eco, $3.50.
| The estimates for clerical services are the
same ss last year and are but commensurate
with the responsible and increasing duties Of
the Office.
During the fiscal year 1890. for the first time
the payments for the relief Of policemen xceedec
the receipts, but the treasurer held at the clos,
| Of the year for this fund: District of Columbii
S.65 per cent bonds, S29 600; United States
per cent bonds, 81, $50, and each, S142.36.
Since that time the monthly acquisitions OF
the fund have steadily increased resulting in
reduction of the securities in 1891 of IS $50 ant
in 1892 Of 200.
| Unless some means are devised to increas
the income the whole fund will be exhausted il
| a short time.