Martinsburg independent. [volume] (Martinsburg, W. Va.) 1875-1900, 1894-05-26
FINANCIAL STATEMENT
OF the Corporation Of Martinsbnrg.
REPORTS OF CoRPoRATIoN OFFICERS
FOR THE YEAR ENDING MAY 9TH,
1904
MAYORS REPORT


To tie Hon. Gig Council o. Martins
burg, w. Ia.
GENTLEMEN I'm 1878 was elected
Councilman to represer the citizens of
the First Ward of our city. At that
time we had bonded debt of OneHun-
dred Thousand Dollars. A floating
debt of Tt;rty-eight Thousand Dollars.
We were paying eight per centum on
our bonded debt. and the bonds could
b, bought for sixty-five cents on the
dollar On eighteen thousand dollars
of the floating debt we were paying ten
per cent I'm on ten thousand dollars and
eight per cent on eight thousand dol
lars / served in the Council cOntinu-
ously up to 1890, when | was elected
Neyor of our city. Our bonded debt
was $50 ,00000, bearing 5 per cent. in
terest our floating debt was paid and
eve obligation of the Cooperation was
falfilled, Hon. Chas. Lambert being my
predecessor.
BY referring to the Treasuler's report
you will End our bonded debt now to he
$76, 100, at 5 per cent. interest. The
bonds are above par and none offered
for sale. All that we were able to OBJ
tain $4,000 were taken up and theCoun-
Gil has placed $4,000 in TIE National
Bank at per cent. as a sinking fund,
until bonds can be bought.
Al the obligations of the city have
been met promptly. In 1884 the last of
our floating debt was paid off and the
FIRST money paid on our bonded debt
Since that time item years. the CoIp)r-
alton has paid $24,0 on its bonded
debt, built the present City Building,
with elegant vaults, lock up, firemen's
| hall, elegant council chambers, and all
the convepiences that our City Council
need built an addition to the water
house and bought new boiler, aud bad
| our elegant s. cam fire engine thorough
| ly repaired and tested aud reduced
taxation from rs cents to 60 cents CD the
hundred dollars.
The Treasurer, Sergeant and Clerk
give full account of all money collect
ed and from what source collected. land
very important part to the Taxpayers s.
| how it was expended, every dollar be-
ing accounted for, and each department
charged with the amount expended up
ON it.
The Councilmen have faithfully and
honestly fulfilled theirduty as the agents
of the people.
The Sergeant, M. Fl. Wien, has
faithfully and eourteously, and most
successfully considering the financi al
crisis), collected the taxes, water rents,
market rents, lot rents, fines and licen-
ses, without one single complaint.
The Clerk, Mr.. Chss. A. Young, has
faithfully attended to all the Council
meetings, to the markets, weighing of
hay, and measuring of wood and stone.
His books are model of neatness and
accuracy. For our present thorough
system of bookkeeping we are much in
debted to our friends, Major AlexParks
and Mr.. G. S. Hill, of the National Bank,
both having served in the Council.
Our city and Council owe much to
our city engineer, Mr.. Jacob Shaffer,
who by his great interest in the water
works, his painstaking, careful atten-
ton, superior knowledge of machinery
has saved the city thousands of dol
lars.
Our police have been faithful and
courteous, keeping the law-breakels in
bounds, and ever anxious and ready to
serve Our citizens.
Mr.. Cav, our JAM +, has been a
faithful man, and has fulfilled his many
chores with satisfaction and without a
complaint.
The next regular meeting, the first
Thursday in June, will be the last meet.
ing of my te as Mayor of the good
city of Martinsburg, and take this OPP
portunity of rendering my thanks to
each and every Councilman who served
during my terms as Mayor, and to all
the officers and employees of the Cor
| p0ratlOn, for their aid to me in trying
to falfil tha obligations imposed upon
me- by TIA Z ) on as theMayor of Mar
tipsburg.