The Providence news. (Providence [R.I.]) 1891-1906, 1895-01-07
INAUGURAL.
Mayor 0Iney's Address to
the Council.
Harbor Improvement is a Leading
Feature Of Recommendation.
A 4Greater Providence-Awalxe OF
Civic Interest and Enterprise.

Following Is the full text of the second
inaugural address OF His Honor, Frank
Fuller Olney, Mayor Of the city OF Provi-
dence, delivered TO the City Council at its
Inauguration today:
Gentlemen of the City Council-It is
with unusual pleasure that stand before
you today 10 give an account of the ad-
mlnistrntion OF the affairs OF the city
government during the past year, and To
tender TO my fellow citizens this express
sion OF my grateful appreciation OF the
confidence they have reposed in me by
again electing me to the office of
Mayor. At no time in the history OF
Providence has there been such a general
awakening to the needs and requirements
OF the city as there exists today, and IL Is
gratifying TO note that the tide of activity
and expansion which has been slowly
ebbing and flowing upon our shores
Tor several years has now set in
with a mighty force that promises an era
OF substantial growth and material pros
perity surprising all preceding years.
Evidences OF the new life that has been
Infused into the city must be apparent TO
all, and, aside from the public improve
ments that are in progress, the building
Operations that have been commenced
SHOW the firm conviction that
has gone abroad that Providence
great advantages, and is beginning to
challenge the admiration of the CONNER
clai world as being something more than
the second city In New England. Ii is
for you as members Of the city govern
ment TO stimulate and encourage this
spirit OF industry and enterprise that is
now manifest, for liberal and far-seeing
policy on the part of the City Council
cannot fail to greatly augment the wealth,
prosperity and population OF the city.
Following the custom OF my predeces-
sors, i now desire to call your attention to
brief consideration OF the following
subjects:
find by an examination OF the books
Of the city auditor that the condition of
the finances of the city Ii as follows:
Balance in the treasury Sept 80 1893 8 4oi,sss IL
The receipts from all sources from
Oct ], 1893, TO Sept. 20, 1894, we've as
Prom estimated sources. 3 sos,sol os
From city taxof lsss..... 2,6S7.toi GO
Prom ali other sources. iOss,sis 81 so5e. 2os 90
Total receipts 7ssio72 I2
Paid by TIE CITY treasurer during the---
the city auditors ONCE .............. s7ss455 SO
balance in the treasury Sept 80. 1884,. s505sis s.
The receipts from all sources except
from sinking funds. bonds. notes,
etc.. and cash in the treasury Sept.
so, isys that we're applicable to the
expenses Of the city were .....,...s s,S57,sOs IS
The payments. other than for sinking
portion Of license money, were...... 5,isa7se 30
taxes, eie si.ssS.ssa "a
1898, amounted TO- si2, 1880 90
The floating debt. Sept 20.
1898, amounted to-. 2.ii7,ssa 27 14s3i,isi 81
The funded debt, Sept. 30,
1894. amounted to-. 1873. .250 90
The floating debt, sept 80,
nisel. amountedto 2,oss,ss4 81 lb,OesIs4 81
-
Increase in the city debt during the
The increase in the funded debt dur '-''''
ing the fiscal year was......;.;..;...s IlSoOoo 90
The decrease In the floating debt dur
ine the fiscal year was................ $4,000 90
Increase in the gross amount of the
city debt during the year.....,....S 1,132 900 90
Amount Of sinking funds.
Sept 80, 1895. 5............. SJ,043,2l2 81
Amount 70 credit of com
Sept 80. 1885. ;. .......... 2s474 IS
credited sinking fund
water loan due 1900,
septsc, iss5............. s5,7ss ss ss,os7,aSs 90
Net dsbt Sept 30, 1898 I,7ss.67o "a
Amoant OF gross deb Sept. 80 1884,. l6s6llJi 2I
Amount Of sinking funds
Am,unt 70 edit of com
mttee the city debt
Sept. 30, 1854. ............ $3.50 OF
ExceHt OF water rents
credited sinking fund
water loan due 1900.
Sept 30, les4............. 27,7O6 ss5S?,7ss %
Net debt sept. 30. 1891. .si2. 400 aso IS
The net amount OF the city debt Sept.
40, 1881, 1i73367a "a
The net amount Of the city debt Sept
80, 1884, f94oo 4so IS
increase In the net amount OF the city
debt during the year................. s666,75l os
Highways.
There has been large amount OF work
performed during the past year by the
department OF public works, and a great
deal more more might have been accom-
pished II the necessary appropriation had
been made. report presented by tho
committee on highways To the City
Council, December 3, 1894, fully explains
the conditions and necessities that are re-
quired for building streets, and believe
that the good work that has been done in
the past five years should be continued,
as clean and we'll built streets do more TO
enhance the value and prosperity of this
city than can be accomplished by the
same expense in any other direction.
Water Works.
The consumption OF water is increasing.
and with the new Worthington engine
now running, the capacity OF the pump
ing engines is sufficient 10 supply the de-
maud. During the past wear the pawtuxet