The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1894-11-12
VII. ;. me. br i. .empor.rr loan from

will be met By . temporary loan from
some other frnd.
All OF the outstanding warrants against
the curren, funds are PAYABLE in cash
upon presentation. and Of the s2,25T.ss
sbowu on the report a. outstanding. fully
- Per cent are still IN the Office OF The
eonpsrollsr, not having been called for b
the parties 20 whvrn they belong. The
redemption fund. FIRST and second series.
deals With outstanding warrants issued be-
tween September =, 1sf>1 aaa May Il,
f-g2. which we're funded by the Seattle
funding bonds Of ISIS. amounting 20
$4,000. Both the frst and second series
OF these bonds we're sold af such heavy
discount By the last administration that.
with accumulated interest 70 date. there -
q deficiency IN the fund Of SS5. 49f Al
There are outstanding warrants amount
ing 70 So. s26gL Or these s.. 76I, ~ have
been cssled Accumulated interest on
these called warrants amounts TO Si,es-sl,
making the total Of warrants subject to
pavmsnt on presentation So, 1Ss.Sl Cash
in the treasury 20 meet these called war
rants Is s.. sf3 81. leaving a deficit OF
{fl4 "a on the called warrants. The On
called warrants amount 10 50. $50. ~. and
the accumulated interest on them Is Sl4
aiIa0, making . total Of S., orc 81 on the
uucaiied warrants. By adding To this the
deacit on the called warrants OF s4i4 ~.
the net indebtedness of the redemption
funds IL shown 10 be $6S. AL The state
ment shows several Of The subdivisions OF
the redemption funds TO have been over
drawn. bat thi. il explained by the fact
that when the bond money was received
by the former administration the proceeds
were not apportioned 10 the several sub
divisions they were intended to meet and
the treasurer had nothing beyond rough
estimate to guide him in making his calls.
Comptroller Parry has caused careful
apporlionment Of the deficit and proceeds
from the sale Of the bonds to be made
against the several subdivisions and the
overdraits we're brought TO light by this
means.
The last section deals with trust funds
or moneys held by the city acting as
trustee. IL shows that the local improve
fnsnt districts have $23s $50. rs outstand-
ing warrants. To meet this there is $2b.-
0i5 81 cash in the treasury. sl3.62 80 due
from the krug deficiency. and 1881 "a
due from the Ames deficiency The Ames
deficiency will probably be settled In few
days, but il is hardly probabie that any
thing will be recei we'd from the hrug de-
II AGENCY for some time. The net indebted
ness OF the local Improvement funds.
counting both Of these deficiencies as re-
sources, is si93. e3s. Y. The treasurer holds
500. which Is 10 per cent. of the liquor
license collections due the state. The sum
OF x5ss3s Is held by the treas urer rs
matter of accommodation 70 parties who
wish 10 redeem property sold for taxes TO
private individuals. None OF these funds
can be counted as liabilities or resources
OF the city.
There remains uncollected of this Krug
steal the sum OF s7i 271i2 OF this $50
$50. 30 belong TO the current funds. $685. Is
to the interest funds. and sl3, 624.3 80 to the
local Improvements funds. The city holds
a. security for this amount certain notes.
mortgages and warrants which were &C
ceptsd from the bondsmen by the last
administration in settlement. A persist
snt effort Is being made by the present ad-
ministration TO collect this deficiency, but
there is no immediate prospect of getting
returns.
The eomptroiier's balance sheet is as
follows: