The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1894-08-22

Prsscu, rinaaciai s,stu. OF Public school
Money.

arHDot BOARDS ntFoRr.
Present Finanoisl status OF Public school a
Money.
Following IS given the report Of the
school board in full 10 explains IT, a
self The report Is thrown cnt rs &
feelcr. preparatory TO issuing bonds s
for $4,000 for The completion of the y
new school buildiugs;
To the honorable board Of cducation; {
We, your committee on investiga /
tions, beg leave to submit the follow ,
ing report;
We have carefully examined and
compared the clerks records and :
vouchers and also all outstanding
claims against the publc schools Of
Guthris from May (, 1882 60 July ~.
1894. and find the same 90 be neat
clean. carefully aud correctly kept,
with no signs of carelcssncss. We
also make the following statement
showing tho actual warrants, bonded /
aud contracted indebtedness, with an
appendix showing the estimated cost
of opening and running the schools /
for the years 20 aud 'g5.
We end that the tota, number of
warrants drawn on the treasurer from
May j, 1sg2 to Juty 3l 1891 TO bc 900; |
aggregating S33 l12 81. that on May 9,
1891 the treasurer issued call and
paid an warrants due to No POO dated
January -, 1874, Thus redeeming a
warrant in full in three months and
twentv-four days. This left as out
standing interest bearing warrants
SIS. .ssi74. Warrants No. l772 and 1913
dated January 10, 1898. and due in
September, 1894, with interest. equals
no. ft4.. j b L 4
equals $40, ca as a total outstanding
warranted Indebtedness
BONDED INDEBTEDNESS
The total amount OF cash to the
school boards account as realized from
sale Of bonds after the premiums and
accrued interest was paid as shown by
Capitol National bank account is
Sl7, 500 From this we subtract si0I5
for building sites, sl1lG l3 for archi-
tect, 500 for superintendent Of build
ing a total OF S5,4li 90, leaving us a
net cash with which TO erect the four
bri!d.ngs. 81, ,o5s 81 The original
contract with Mr. Nandenburg was
Si6,G5T Then we entered into an ad-
dit!onal contract OF Si5i for plaster
shingle and lues. making the total
contract Si6.7il. Thus you see we
have a contracted special debt of
to meet il, leaving us 81. 65l. - in debt
on school buildings after our entire
bonded fund is exhausted.
CONTACTED INDEBTEDNESS.
The black boards cost us sice u and
SiS0.lj to insure the buildings for five
years, which makes total OF S9la9 %.
SUMMARY
Warranted Indebtedness, sl0,ll0 81
Contracted for, with Nanden-
burg Ccash) 1, ,G5l ,,
Black boards (warraat) 492, e,
lnsurances (warranU 4s6.l'
Grand total indebtedness
July o. 1894. si5,G70.0-
now WE STAND NOW.
Since this report TO the board ther,
have been additional purchases of
bell for 1928 and maps, globes aud
charts for Ssll, %, making a total ol
sai9. 30. This added TO the total debt
Sl5,G7y 81, equals q present debt O,
SlG,579. 20; but on August l3 the treas
urcr made a call and redeemed $4,000
OF this warrant indebtedness. The
average length OF time that thes,
warrants ran was six months. Thi
leaves our present total debt nt Sl3,
so 20
Oar highest estimated expense o
preparing these buildings for schoo
will be, including out-buildings, fuel
stoves. moving seats, druyagr; side
walks, water, labor and lncidentals
g. 500. making our total debt at open
ing Of these buildings 8iG079 20
RrsouEcFs
The total valuation of the city o
Guthrie s el, 1O3 iG2; the attached dis
triet equals $50 OC0; totul valuations
Si,s62 462 our ily levy j. mills.
which equals q direct income by tuN
for 1891 D5 of si5,Ste as. This year
we received sl50o as separate fluid
S92i from territorial fund and sG2i
from Logan county blanket tax, which
equals S3,3is The treas urer says we
may safely conut ou rs much for The
coming year and. he thinks, little
more; but hoping no more. we will
realize $40 220. 5S at same rate of in
come
without any running expense for
the year we can inside Of twelve
months pay nn outstanding warrants,
cOntracted debts on school9uildings,
with all necessary expense 20 open
buildings, with water aud fuel for a
year, the S3,00h cash interest on the
bonds paid and have Slu.3s in the
treasury.
COST or RUNNING SCHOOLS.
The fuel necessary, breakage, labor
and incidentals were figured in under
estimated expense.
We can hardly expect 10 secure jani-
tors for less than se5 per building per
month; four would equal Sl00-i ianitor
fees per month. The twenty-one
teachers at SIS per month cost s0l5j
Free principals at sG0--sls0; principal
OF high school S65; and city superin-
tendent at Sil3.G7 i'm warrants equal
@i,413 60 per month; for nine months,
Sie, ,6J3 03-total salariod expense OF
running city schools. Respectfully
submitted. GRO MARtIN,
T.. f. BoGoEss,
4. c. Dom
i'irst Cotton OF the Season.
J. W. Walker, a colorcd farmer near
T.nureton brDuuhf I 600 nouu1s of