Capital journal. (Salem, Or.) 1893-1895, 1894-04-17

Total running expenses and
| interest .,..................$ 35,973 4
Under the existing contract witt
Messrs. Hutchins & Southwick, the ney
city hall is to be completed (as far a
said CONTRACT provides for) during thi
year.
The amount of the contract is S5i. .675
Amount paid them to Jan. 1, 1894
16,927.2O.
Amount yet to be paid them, $S7. .747 so
Fees of Architect w. d. Pugh fol
)ians and experimenting the construc
ion of city hall 4 per cent. of s54, SIS. 90
'2,1S70O.
Amount paid him during 1898, $1,517.19
Balance due to complete his contract
;669S1.
The Alert Hook and Ladder Co draws
80 per month from the city which we
Understand was not included in the es-
innate of the ways and means commit
zoe, $50.
A new temporary city Jail has been
)uilt recently at a cost so far as YET
5nown of 1894 33
Furniture, bedding, etc, has beer
bought for Jail to the amount of $3.50
There will be an item of interest ac-
umulating against the city on account
# warrants issued during the year from
ime to time, for current expenses anG
IN account city hall, etc. This we may
Etimate at per cent. OF the estimate
or running expenses $24, 143 OOx3 pei
:ent $72429.
CThe actual amount will be probably
learer per cent?
And NOR opY,t or, The ,>o,.o
pie on city hall to complete same $37,-
AZ S0x2 per cent, $745.96.
Total expenditures for the
year Observation-Disclosures. 76,2f9 81
Liabilities outstanding Jan.
l, 1894 OBSERVATION-DISCLOSURES. 184, ,558 4S
Making a grand total Of. $3.50, sos 46
From which the following estimate OF
deductions is made, viz:
Taxes 10 mills on $2,47O, ,79S 90. $2G,7O7. .9s. |
Estimated revenue from licenses and
ines $780,
Note due the city from Thomas Hol |
nan, $500.
Interest on same to April l, 1894 |
$685. 81.
Premium on proposed bond issue, $2,.
10, less expense of printing bonds, S5C.
2. 460
The city now has a judgment against
1arion county on account 1892 road tax
to $3,757.97, less 10 per cent.
ttorneys fee, $375.79-net amount OF
anne, $S,3S2.1S.
The funds collected by the city dur
lg the year should be applied as fast
s possible in payment of outstanding
care being taken however to
rcVide for the interest coupons OF
onded debt as fast as they fall due
hich will require funds from 1894 rev.
NJ es about as follows:
Coupons overdue Jan. 1, 1894 $237.50.
Interest on $50, 100000 old bonds at {
n can't. $4450.00.
Interest on $60,000.00 new bonds at G
er cent. q year $1,S0OOO.
Total interest. on, bonds, $6,487. so, leav-
g available for payment of warrants
ON taxes, $24, ,7079S; less for interest
/ bonds, $G,4s7. .50-$18, ,22O.4S.
rom licenses and fines ....S $500 90
rom Thomas Holman note. S,1S3 "a
rom premium on bonds .... 2,46O OO :
rom Marion county ....... 1882 Is |
Available TO pay warrants
from these sources .$ Al, $40 90
We may assume that this money
ay be available soon enough to save Z
e city one-third of years interest S
the amount which would be 81, 107.S9. I
If the money for the new bonds is
'ailable by May 1st there will he a c
in Of two-thirds of years interest I
S60.00000 at the rate of 2 per cent.
z annum-$S0000 q
lis will be diminished by the. fact I
at about IS, 10000 of this must be ap &,
ed on payment of interest accrued or u
rrants reducing this saving by about d.
100 (s75.O0 but we omit that from oar
innate. Il
There was due the city Jan. 1, 1894 II
m unpaid assessments for street i'm W
)vemsnts: Chemeketa street min 81
S reporD, $1,12450; interest Oct. 5. te
2 to April l, 1894 S1337C- 81, 1890 e
street 81 12O2S. ci
outh Commercial street 81, 1885: in tn
est Oct, 5, 1892 to April /, 1894 s2OS.- III
81. .91Z35.
tie street ................s 1854 S. W
K street .........,......... $50 Sc 81
Total ..................s 62,2i2 &C El
Otal liabilities brought for FL
ward .........:............S $500, sos 4f NJ
otal deductions as above. 62.242 go ci
Estimated liabilities Dec.
81, 1894 ............,.....S S19S. SOS Sc III
pom this the annual interest charges
be say, w
'er cent. on sss.OOOOO old Ro
lnds .......--...........S 4, 4,4JO 90 10
'er cent on $6O,OOOOO new Fl
,nds ..................,.... $500 90 -, ~
er cent. on $49.565.s6 war
-nts .................. s.765 p ~
sll,s15 p -
his interest charge as viii be seen
roximates 100000 per month and
rly absorbs a tax levy Of five 90
Is on the present assessment Of the ,
'e are Informed that there is resist -
e to the collection OF the South Com tD'
cisl street assessments and that the lio
is at present enjoined from collect ei'
same, "a