Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-10-19
THE DISTRICT DEBT
Annual Report Of the Commissioner
Of the Sinking Fund.
BONDS RETIRED and TEE RATES PAID
Estimates of the Amount Required
for the Next Fiscal Year.
SPECIAL ASSESSMENTS

SPECIAL ASSES MENTS
The eighteenth annual report of the treas
rrer Of the United States on the sinking
fund and funded debt Of the District of
Columbia was submitted to the Secretary
Of the Treasury today.
The following statement shows the
amount uninvested of the sinking fund for
the old funded debt and the 3.65 per cent
lean at the close of the fiscal year 1884,
together with the amount available for
sinking funds from the appropriation for
interest and sinking fund for the fiscal
year ending June 30, 1895:
Sinking fund for old funded debt: Balance
uninvested July 1. 1894, s252. s16.5I; amount
available for fiscal year 1895, $24O,745sl.
Total, s493. 5623S. Sinking fund for 1865 per
cent loan: Balance uninvested July 1, 1894,
$17,17O.S7; amount available for fiscal year
1895, SO, 5O0.76 Total, $311,671.6s.
By virtue of the authority given by the
act of Congress. approved March 3. 1891,
providing for the issue Of $50 per cent
ten-year funding bonds the treasurer. I'M
der date of September l, 1894, called for
redemption $685. of these bonds, pay
able October 1, 1894. and on June l, 1888,
issued a second cali for $267. 600. payable
July l, 1895.
Bonds Retired.
TIE following statement shows the bonds
retired for account of the sinking fund for
the old funded debt during the fiscal year
ending June &c. 1895, and the rates paid
therefor:
Permanent Improvement per cent bonds,
at par, $500; ten-year funding $50 per cent
bonds. at par and interest, first call, s243.-
COO.
These bonds, aggregating s244,5OO. cost
s246,6is. leaving balance of s246,91s.6o
uninvested.
The bonds retired for account Of the sink
ing fund for the 1865 per cent loan during
the fiscal year ending June So 1893. were:
Ten-year funding $50 per cent bonds, at par
and interest, first call, S3oo,OOO. These
bonds cost $780,, 690.6 60, leaving balance OIL
$3,9SO.94 uninvested.
Water Fund.
The amount available for sinking fund for
the water stock bonds for the fiscal year
ending June 80, 1895, was $54, 45S. 10 Inc
balance uninvested at the close of the fiscal
year 1894 was s1204s95. making total of
SAG. SOTO for investment. The following
statement shows the bonds retired for &C
count of this sinking fund during the fiscal
year and the rates paid therefor:
Water-stock per cent bonds-At 1913. 46
fiat $1,000; at 124 fat, $1,000; twenty-y ear
ten-year funding $50 per cent bonds, at par
and interest, first call, $500.
These bonds, aggregating $4,000. cost $21,-
SS0.26 leaving balance of $24,62l.44 I'M
invested. - So .-4ar 49,
Estimates.
The estimates submitted to the Commits
sioners Of the District of Columbia Of the
amounts required by the treasurer for the
service of the sinking fund office for the
fiscal year ending June 80. 1897, are as
follows: For interest and sinking fund on
the funded Indebtedness. exclusive of the
water bonds s1,213.g47.97; for current ex-
penses of the sinking fund office, $500.
for interest and sinking fund on one-half
of the amount advanced to increase the
water supply of Washington. ID. C., s16.-
21O.24; for interest and sinking fund on
ore-half the cost of the 4S-inch main and
connections and 14th street main and con-
nections $19,233.51. The District of Co
lumbia appropriation act of March 2, 1895,
appropriates as follows: For raising the
dam at Great Fails, ETC., $125, 900; for test
ing the tunnel conduit $4,000; for report
upon the feasibility, ETC.. of completing
the tunnel conduit, $4,000; all of which
are to be taken from the appropriation
"for increasing the water supply Of the
city Of Washington, District of Columbia"
The officer in charge of this work esti-
mates that the expenditures for the fiscal
year 1896 on this account will be $4,000,
and for 1897. $4,000. to each Of which
sums is added $3.50 to pay a Waterman.
heretofore estimated for. The account
would therefore stand as follows: Balance
due United States July 1, 1895, sos. 1O4; add
one-nalf estimated expenditures for fiscal
year 1896. 1920; due June 30, 1896. SILL
344: deduct eleventh. installment. or one
fifteenth part of Sal .344. for fiscal year
1896, $9,422.93; balance due United States
July l, 1896, $131, 921.07; add one-haif esti-
So, 74O; due June 80. 1881, s164, 661. OF: the
amount required for sinking fund, or
twelfth installraent will be e-fourteenth
part of $164,66lO7, s11, 761.51. The amount
cent for one year on $131 ,921 OF, $s,957 63;
interest on 2,740, advanced during fiscal
year 1897, average time. six months, at 3
per cent per annum, $491 10. Total required
for interest and sinking fund. s16,21O.24.
Special Assessments.
The special taxes paid and reported to
the sinking fund office during the fiscal
year ending June 80, 1895, aggregate
$2,57SS2.
The amount of cash to the credit of this
account at the close of the fiscal year was
Ss,O9522, the necessary amount of which
will be held by the treasurer as q fund for
the payment of the outstanding coupons
from the 8 per cent certificates of indebted
Eess which were called for redemption Sep
tember !, 1890, of which there have been
redeemed during the past year $1777O.
Congress. by the act of August Is, 1894
having otherwise provided for the redemp-
ton of the balance of the per cent GER
t;ficates, to the payment of which these
special taxes were pledged, 1t is recon-
mended that Congress be asked to author
ize the treasurer to deliver to the Commits
sioners of the District of Columbia the tax
lien certificates now held by him as a Sc
curity for the payment of these taxes, in
order that they may apply all moneys de-
rived therefrom. in excess of the amount
required to pay the coupons which have
been called, to the retirement of the out
standing drawback certificates, as contem-
plated by the act of Congress approved
June 10, 1878, providing for their issue
A Large Client.
Attorney Robert j. Murray appeared at
the city hall today with a client who at
tracted unusual attention His client Iohr