Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-11-23
DISTRICT SINKING FUND
Its Condition Reported by the United State
Treasurer.
The Water Stock Bonds, Special As
mems Relief Funds.

United States Treasurer Morgan. ex-ofti-
clio, commissioner Of the sinking fund of
the District of Columbia. has made a report
to the Secretary Of the Treasury of trans
actions relating to that fund during the
past fiscal year. The total funded debt of
the District July /, 1878. was So. 106 $50,
since which time it has been decreased by
operation Of the sinking fund and other
wise by So, 123 900, and increased by issue
of 1865 bonds by 81, Do, $50, making a net
DEDUCTION of $4.s99, $50, and leaving the debt
June 80, 1886. $17.2O7,OOO. Since July !, 1878,
here has been a net reduction of 1851, DDS in
interest charge. The amount of 5 and $50
per cent funding bonds issued to replace
| matured bonds bearing a higher rate of
interest is $3,S92.3OO. The total issue of
bonds to date tissue limited to s15OO0,OOO
| is $14,9G6 500. of which s742 100 have been
retired leaving outstanding $14,224, 100
bonds Redeemed.
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 has
called for redemption 81, 1880 of these
bonds
demption, $353,OOO of this loan has been
pure hased in the market, making a total of
$1,IjS,3W retired.
The following statement shows the bonds
retired for account of the sinking fund for
the old funded debt during the fiscal year
ending June 80 1896, and the rates paid
therefor: Permanent improvement q per
cent bonds, at par, $500; twenty-year fund
ing per cent bonds, at par, $3.50; ten-year
funding $50 per cent bonds, at par, second
and thru calls, $2:}!, 800.
These bonds. aggregating $4,000, leave
balance Of $253, 41S.5S uninvested.
Water Stock Bonds.
During the year $60,2OO Of water stock
bonds were retired leaving an uninvested
balance of SASH. The treasurer reports a
balance of $s6,545.33 on account of in
crease of water supply"
The District appropriation act approved
June IL, 1896, provides that not exceeding
S50O,OOU of the surplus revenues of the Dis
trict remaining on July !, 1886. be applied
to the payment in full of the balance of
@S-inch and 14th street water mains, and
In part of the principal of the debt in
Cured for increasing the water supply, as
provided in the act Of July Is, 1882
The account, with the principal sum to
be refunded, now stands as follows: One
half cost of water mains, s295, 81. 81;
amounts refunded are-frst installment
fiscal year 1882, $ll,Ss65l; second INSTALL
ment, fiscal year 1855, $ll ,S3651; third in
stallment, fiscal year 1894, SlI, S}65l; fourth
instalment, fiscal year 1895, $11 ,S:'6 IL; from
general revenues, fiscal year 1886, s24s-
$685. total, $235,912.69
Special Assessmentx.
The treasurer says that the amount of
cash TO the credit of the account for spe-
cial assessment at the close of the fiscal
year was 3,J1j.02, the necessary amount
| of which will be held by the treasurer as
| a fund for the payment of the outstanding
&C upons from the 8 per cent certificates of
ool had for
dtmptlon September l, 1880.
Congress, by the act of August IL, 1894,
having otherwise provided for the redemp-
ton or the balance of the per cent GER
tllcates, to the payment of which these
special taxes were pledged, it is recon-
mended by the treasurer that Congress be
asked TO authorize the treasurer 10 deliver
to the Commissioners OF the District the
tax-llen certificates now held by him as a
security for the payment of these taxes
IN order that they may apply all moneys
derived therefrcm, in excess of the amount
required TO pay the coupons which hay.
been called, to the retirement of the ont
standing drawback certificates as conrem-
plated by the act of Congress approved
June 10, 1879, providing for their issue.
Disbursements.
During the year the treasurer disbursed
on account of the sinking fund 81 sra. Os5
including SIS, G97 judgments of the Court of
Claims. He received retentions from forty-
three separate contracts with the District
amounting to $I4,23O. and purchased for
account thereof S., 800 in bonds. He made
settlement of retenuonS from twepry-s;x
contracts, the securities held therefor
amounting to $6O,U5U III bonds and 81. ri q,
IN cash.
Police and Firemen's Relief Eund.
The transactions in the police and fire.
mems relief funds during the mast 6sc,,
year are stated by the treasurer as follows.
r. Receipts for account of METROPOLITAN
police fund: Per cash from Commissioner,
OF the District, $11 ,.s;2.9 j; paid tor account
OF policemen, sll,4'2W. Receipts for ac-
count OF hremens relief fund: Cash from
Commissioners Of the District, 81 ~:
principal of bonds sold, S4,U5O; interest and
premium on bonds, $649l3. Total, $6,y5l a.
Pald Tor account of nremen, $66H5u. The
treasurer held for account OF these funds at
the close OF the fiscal year 1896, the follow
ing: For the metropolitan police fund:
Cash, $50 For the nremen's relief fund:
District Of Columbia 3.65 per cent bonds.
5000; United States per cent bonds, $2.yv;
cash, $3Sl.Os.
Estimates for Next Yenr
The estimates submitted to the Commits
sioners of the District of the amounts re-
CURED by the treasurer for the service OF
the sinking-fund office for the fiscal year
ending June 30, 1898, are as follows: For
interest and sinking fund on the funded in
debtedness, exclusive of the water bonds
$l,2l3,941.31; for current expenses Of the
sink.ng-fund Office $500; for interest and
sinking fund on one-half Of the amount ad-
vdEced to increase the water supply OF
Washington, ID. c., $11,22
Hotel Arrivals.
Raleigh-F. Shallon, Columbus, Ohio; F.
NJ. Ryder and wife, New Haven, Conn.,; J.
P. Reynolds and wife, d. Sloan, H. p.
Wells, s. Myers and N. A. Miller, New