The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1894-01-31
THE MAYORS REVIEW
Animal Message Covering the
CITY Business for 1898.
\ COUNCIL or NINE MEMBERS.
Consne ndation - Most OF the Depart
rsents-~fnu stat enn~nt 81 ahe
Fsnsn~s.t Condition.

The ANIMAL message Of the mayer vas
fled with tbs cify clerk yesterday. ard IL
. very wolaninons document. II reviews
THE york OF she administration for isss.
and embraces the chief points Of the re-
port Of the several departments. Tire
mayor SAYS that most Of the defects in the
charter referred ~ In hi. previous animal
message have heea met by the proposed
amendments. hsst he adds:
Yet one oshsr amendment which con
slider VI vital I'm portxnce Is necessary. /
believe that the council shout consist II
ore member from escsa ward and tire
whole body should he presided over by
the nsyor This would simplify business
and bring tire members Of the city gov
eminent more IN touch one with another.
ard likewise each into greater familiarity
with the "details Of the various depart
menss of Tie municipal government. =
Referring 20 the sssus and sale Of bonds.
ti.e mayor expresses the opinion thar tie
price wa in excess Of any ever before Oh
tanned. Notwithstanding the hard times.
lie adds.
.iln spite Of dedication in the city
treasury amounting TO over s2Ja. noo. the
CITY has not issnet single warrant dar-
irg the year. bat has met its every oh'iga-
ton with the greatest prompiness. What
better evidence of the solid foundation Of
our business interests ran he furnished
than the fact that of the taxes OF lsfz there
remains del inquent less than $4,000 Of n
roll Of ssa.asts? There Is nox tioating
Indebtedness Is follows:
oa,sssndiug ingere.i-s@arlns war.
Js,ssrs.t on sane 70 pscen,sr 81. fsss Iio.47! %
Dae countY on eiFy hall purchase -, 2I.sa ca
Interest same to December 81 is9s ags5 90
Total floating debit. AS u
This administration il in nowise re-
rpnnsible therefor These warrants are
80 inheritance of a former administration.
They are result of "a failure 10 regard
tire express mandates OF the constitn-
ti6n of the state. They were issued with
out authority upon liability In excess of
constitutional limitation. They were
invalid. This administration found this
floating indebtedness when we came into
power No provision had been made for
paving il.
sndsng this large outstanding floating
debt decided by the courts 10 he illegal
reminded this administration of a most
sacred duty and presented TO US an oppor-
fanify of establishing forever the honor
and credit OF Seattle. These warrants were
the promises Of Seattle. They bore the
impress OF her seal The CITY had received
value for them. We decided they must he
validated and paid to the last cent BY
vote for this purpose held in June last the
warrants were validated and IL was de-
cided TO fund them In 5 per cent. inter-
est-bearing bonds. Believing these would
be early negotiated, the amount OF TIE
principal and interest was recovered up
10 July I, iaaS and found to be S612 65f o.
Accordingly, bonds to the amount Of
$3.50. 900 we're issued in the full faith that
these would be sold before the margin
should be covered by ascruing interest
n IA q ~ in esexy trxt
market. the bonds were not sold until the
end OF the year, TO be delivered early in.
1894 This delay increases the floating
debt by accrued interest from July /, fss,8,
TO January l, 1894, amounting TO the add
tional sum of 81, 7gs ~, making the total
oil the floating debt. principal and interest,
January !. 1904. the sum of SssJo 1867.
This delay and accrued interest together
with the discount on the sale, will create
deficit of $5T.2i5.97 III excess OF the pro-
ceeds of the sale of the bonds.
The following statement represents
summary OF the financial transactions of
our administration and OF the presens con-
d.tion of the municipality
Indebtedness at our advent. March Il, So.
Grant street bands, ,..........4,..s $4,000 90
ha,er worss aud sewer boads of 1880 a55.Do0 %
Funding bonds OF 1891. -. .+.....--. Sol 600 o.
Authorized by vote. bonds issued
tUt not delivered, a. follows
General municipal bonds OF 1922 . 10000 90
he's 1tsEsion Of water systenl, .... 213.ea1 90
Fer paving awards for condemnation sN.B0 10
~ extension OF sewer ssstsm $3.50 $4,000 ca
Pr paFsng Judgments against city 2S3,oFo 10
4afai eonded Indebtedness March
fgest]ng guaebtadne... '"
o4tstau53tilg warrant. nrfnein,t and
interest ,.......s......- e2o.s7t K
Dae en- esty ball. exclusive oil pay
nlants 81 July /, 1902, paid ont Of
-.'l "
..4s :, -.
of IN. ina.hte.insss an ,h ,hve a..,,.,,.
on ganuayy iS1as. -
.,.t.4..., .,..
1900, saa. -, ~ -, s~''N'"h' W
stAaatna aafranss .sa on n,
lxeess oi wastaHls oser proceeds of
sea,!s .....,... ...s. bg.ai, -
as.as -. --,t..- $3.50 p
's4 - 49, .- ,..' S.@Va'Nss -
nalnnge A. g7, :,
,,Tt.{s 4, a.~.,.. -. .,...a...
- -, .hs fa,t, ~ ~, ~ ahs'.rsnt iner'ase.
~ 80. s,,ah,.,s lof
a"s se,l's lnosoledness Includes the ac-
frssu March q iSaS ~ tsn'' "IFf an,
a+,,,,,,,r,,,., 80. - saaiuatY !. tS'a.
40 80 Dat,t.s., N 80 = 80 '""4. " OUTS
! difference Of sis os1s a. Tbis s ss, ave
49, AbAs h5taiaCe
t~lrr'eats she actual reduction Of the
Nf&Ftua AuNNhtetausss existing at the aaa
want Of this administration. being rednc.
ton at the rate Of =, ssi per month. When
- - - anu "etNel monthly
NsfN't AttN ttAAtAAA fH~
aehteahesS "" nave certainly no cause 10
leaG comparison,
"BY authority o. the people We have
IA SO E&aF ar a fefF 4