Capital journal. (Salem, Or.) 1893-1895, 1894-04-17
A LENGTHY REPORT
Made by the City" Committee of
Salems 100"
Salem, Oregon. April Z. 1Sa4.

port.
We have endeavored to ascertain ;
nearly as possible the financial cond
ton of the city of Salem. 1t has be-
difficult and tedious task which "
have earnestly tried to perform in sue
manner as to show the true state ,
the citys affairs
To show the condition at the end {
1893 we will state that the treasurer
record of city warrants presented I
him and endorsed mot paid for wan
of funds" shows warrants presente,
during the year 1892 against the gen
eral fund and still outstanding amount
ing to s36,41S04.
Interest accrued on same to Dec. q
1892 $S15.69.
Interest accrued on same to Dec. 31
1898, $2,e1S.44
Warrants presented during 1S9
against the general fund and still out
standing, $32,999.52
Interest accrued on same to Dec. g.
1923, $l,267.02
Warrants for State street improve.
ment presented during 1898, s6.277.3S.
Interest accrued on same to Dec. 81
1883, s121.05.
presented during 1898, $279.5O.
Interest accrued on same to Dec. g;
1898, $3.50.
Warrants presented for account cit,
hall building during 1898 dncluding on,
or $l'OOO.OO presented Jan. s, 1890, SIG
2S1.14
Interest accrued on same to Dec. 81
1898, $245.37.
fc =
OF warrants are outstanding In the gen
eral fund that have not been presented
TO the treasurer. 1t is certain tina
some warrants are in existence tina
nave not been endorsed. A few un
called for warrants that are severa
years old, for small amounts, renal
in the recorders office. AS we have n,
means of guessing at the amount thu
outstanding we make no estimate o
same.
1t appears however that there ar,
still outstanding, in other than the gen
eral fund, warrants that have not beef
presented about as follows:
For account city hall building
ICnd ...,,...............$ 101 81
For acct Oak street improve
ment tund .................... 2 II
For acct State street improve
ment fund Gncluding some re-
bate warrants that were is
sued during Jan. 1890 ..... 420 6;
Total of warrants to Dec.
81, 1898 ....................$92 $92 $50 z, |
Total of interest. accrued to
same date .................. 5,305
sos, ,086 l. |
The foregoing items of interest ac
orued are slightly understated havins |
been computed from the date Of tn
ast warrant endorsed on each page o
he treasurer's record.
The total of recorded liabilities anC
lccrued interest on same, and of wal
ants not yet presented as far as tn
after are ascertainable up to Dec. 3
1913, is as shown above exclusive 0
bonded debit, $9SOS6.12
Overdue interest coupons on bonded |
lebt, that had not been presented t,
he treasurer for payment, were out
at the end of last year to tn
Lmount of s237.50.
Total liabilities to Dec. 81,
1898 OBSERVATION-DISCLOSURES. SOS, 1923 6.
Cash on hand Dec. 81, 1893.
n general fund ...............$ 1889 81
less warrants called and not
presented ................." 1901 As
Net amount in general
fund ............ S5s o
Net amount in Commercial
ST. improvement fund. IS 1,S6S 4
n State st. improvement
fund ...................".$ 625
ess warrants called and not
presented .................. 464
Net amount in State street
fund ............... 161
! Oak st. Improvement fund. 107
ess warrants called and not
presented ,.............,..... 100 OF | 7
Net amount in Oak street +,
fund ACKNOWLEDGEMENTS. L | Z
Total cash on kard....S 2,S95
ess interest accrued on h
called warrants amounting z
TO ..... 100 o. !
Total net cash on hand. 2,7e5 Il
Total net amount of floating
debt and accrued intnerest. 81, ,55S As
,nded Indebtedness.
$500 bridge bonds. ..........S 80, 600 o.
$500 bridge bonds .....,.... 10000 0,
$500 sewer bonds .......... $4,000 o.
$500 funding bonds .......... 10000 o.
$50 900 Ot
A total Indebtedness Of. .$1S4. .55S A.
the Slst day of Dec. 1898 as nearly
we can ascertain same. We believt
Is amount to be very nearly correct.
m estimating the probable condition
the city at the close of the present
ar many things are 10 be considered
d we find some differences OF opinion AZ
long members Of the city. council ne
d the city officers. m
We will present the following esti- cit
tie:
/ amount OF ascertained an
loating debt and accrued in M
crest on same to Dec. 81. eli
S9S. and amount OF bonded In