The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1895-08-08
THE METHOD CHANGED.
New Syotem Adopted for the Payment OF
Interest Coupons

New System Adopted for the Payment OF
Interest Coupons.
The resolution introduced by Mr..
terry, from the committee on accounts
In Council Tuesday night, providing how
interest coupons shall be paid and the
report accompanying the resolution
bring to light the very lax method in
interest on the bonded debt. In this
report the committee says that the
auditor has in his possession Sl3,170 of
these coupons which have not been can-
celled SEd advises that in the event of
the same being lost or stolen they are
liable to become second charge upon
the treasury and payment thereof be
twice made
The committee Is of the opinion that
the treasurer Is the proper custodian of
these coupons, and shat the drawing of a
warrant for the payment Of the same by
the auditor is only q 10 after Of convenir
ence In book keeping, as ell coupons
themselves are legal and valid order
upon the treasurer The Committed
further states that 1t does not wish 10
disturb the general accounting system
OF the city, but believes that an item of
such great Importance, where 30 much
money Is involved, should be 30
thoroughly guarded aH to prevent the
possibility of double payment by the
treasurer.
The resolution, which WAS adopted
tuesday night, provides that whenever
the auditor shall draw q warrant for the
payment OF these interest coupons that
ne snail deliver them to the treasurer
with certificate showing the number
and amount OF the warrant or warrants
drawn In payment thereof, take his re-.
celps Tor the same, specifying In the
receipt the number, date and amount
OF such coupons and the coupons are
then to be Immediately cancelled by the
treasurer In the presence Of the auditor
and statement TO that effect EN- bodied
In the receipt
Tho past method has been that the
cashiers OF the banks on receiving cou-
pons for collection presented them to
the auditor. this official drawing a war
rant on the treasurer therefor and keep
ing the coupons as his authority for the
issuance OF such warrant.
BUSINESS COLLEGE COMMENCEMENT.
An Excellent Program Arranged For That
Oocasion.
Tho following excellent program has
been prepared for the second annual
commencement OF the National BUSH
ness College. which will be held at the
Academy OF Music Friday, August o,
commencing st $3.50 p. N. The enter
tainment Is free and all ara cordially
invited to attend:
Part first: Opening prayer. Rev. DR..
Carson.
1. Salutatory. Miss Cardwell
3. Banjo and mandolin duet, Messrs.
Eberhardt and Thstcher, members OF
M. A. Moseley's Mabel Paige Company.
8. Grafton, Royal Road to Success"
Miss Hatcher
4. Essay. "Woman-Her Sphere"
Miss Farley.
S. Vocal solo, "For All Eternity"
Maecheroni, Mr.. Lanier Gray.
e. "Reminiscences. special, Hiss Eula
| Cardwel
:. Grafton, SELF Reliance" Miss
| Larkin.
5. Class prophecy, Miss Csssel.
Part second: /. Violin solo, selected
Mr.. W. c. Hunter.
| 2. Reading, "SAm's Letter" Mr.,
Mitchell
3. Grafton, Evidence OF God" Mr..
Flory.
| A. Violin solo, waltz aria, Robyn,
Mrs. j. e. Porter
| s. Piano solo, selected. Prof. W. W.
Newcomb, musical director M. A..
Moseley's Mabel Paige Company.
6. Address, Rev R. c. Anderson.
z. Presentation of diplomas, G. Ellis
| worth Eckerle. president.
Benediction.