The Republican journal., 1897-03-11


Northport avenue near the house of Capt.
Daniel Carter. He recommends the pur-
chase of $50 feet of cotton rubber lined hose
and that they be fitted with Highly thread
couplings, and calls attention to the matter
of a district fire alarm, and to the hydrant
pressure.
The Finance Committee reported on the
settlement with the City Treasurer. The
books We're found correct. Tie report in
cludes a summary of the various accounts,
which may be learned by reference to the
Treasurer's report.
The Finance Committee say of the refund
ing of the bonds that of the S113 100, SIP, 900
has been surrendered for payment, leaving
81 100 outstanding. The new per cent.
bonds have been disposed of as follows:
Bonds. ACKNOWLEDGEMENTS. Sll2, 600 w
premium .''-.'...'''..''.' l,o9Z ~
Interest. NEUTRALITY-SUSPICIOUS.. 1872 rs
Total. ACKNOWLEDGEMENTS. STA ,t15 56
scheme, as shown by the report, is 81 ,9O1 e.
The retired and cancelled bonds have been
turned over to the City Treasurer.
Mayor Hanson read the following:
GENTLEMEN OF THE CITY COUNCIL: This
meeting tonight consummates for the pres
ent your service as servants of our city. AS
many of your honorable body have served
with me for the past two years-as well as
those who have been associated with us for
the past year-giving me a loyal support, l
desire to tender You my heartfelt thanks.
Harmony has prevailed, no partisan spirit
has ever manifested itselfin our council. To-
gether we have earnestly striven for what
we have believed the best interests of our
constituents, and now, at the close of our
labOrS L wish to congratulate YOU ON W hat
you have accomplished.
Every promise made has been fulfilled
You promised more equable distribution
of ia Ration, and the Assessors books Will
show that much has been accomplished in
this direction,
You promised to collect the taxes on the
Crosby Inn, and notwithstanding the cor
poratlon has taken advantage of every legal
technicatity - finding sufficient money to
carry on expensive litigation, thus throwing
an additional burden ON the tax PAYERS
you have obtained decree from the Law
Court IN favor nf the city, and the city can
now dispose of the property at any time.
But you did not stop at the fulfillment Of
promises. You found $4,000 of the Trust
Funds deposited where they had drawn but
3 per cent. for years. You instructed the
trustees to invest the money where it would
draw per cent and this has been done,
making the income about 500 more per
annum.
You found the city's holdings of railroad
stock-S50O,OO0 par value-tled up in the
hands of trustees to guarantee the payment Of
S113,l0O OF per cent. bonds, thus etfeytually
preventing the city taking advantage of any
chance to dispose of this stock. You have
refunded the $4,000 with a straight city
1870 per cent. bond, which you sold at a
I,r.Ar Jn,1f TO to,1 ,,it,
profit of over S2,000-the first time in the
city's financial history that ever dollar
was made for the taxpayers-by this act
you released the 100000 in railroad stock
which must be surrendered to the city as
soon as 81 100 in outstanding bonds are pre-
scented for payment, which will doubtless
soon be done-as it is believed they have
been withheld for the purpose of preventing
your body communicating the work you had
so nearly finished.
You found $50 800 in bonds, issue of 1882,
signed, sealed and ready for delivery, but
no person could be found who would ac-
knowledge responsibility for their safe
keeping, or who could be held accountable
in case of the loss of all, or part of them,
through theft OF other causes.
You found $4,000 N bonds of the issue of
1868 paid in 1885, but uncancelled, hence
negotiable in any persons hands who might
obtain possession of them.
You also found 81 400 in bonds, issue of
1863 paid in 1885, with coupon for ten years
attached, neither bonds OF coupon cancelled,
therefore negotiable by any person.
Thus making a total OF over ST. 800 in
Belfast city bonds that could have been sold
by any person having them in possession
and the city of Belfast would have been
compelled to pay them if presented by
innocent party
All of these bonds, as we'll as $549, 0G0 in
bonds signed but not sealed, have been des-
trOVp0 nv hurpjnp tbnS ramoviuu all liza hi :
itv of transportation.
In addition to this you found that $4,000
in bonds of the issue of 1870 that had been
paid, could not be found. They may have
been destroyed-they may be il existence
no record can be found to show what be-
came of them
You also found that there was no system
used by which the city could detect spuri-
Gus coupons-coupons from forged bonds
but through the efficient and arduous labors
of the Finance Committee, of which Alder
man Welch is chairman, d system has been
perfected by which in the future the city's
interests may be guarded | would here re-
mark that to the Finance Committee and
Chairman WEIGH especially, the city of Bel
fast owes much.
taxes within the year on which they are as
sessed, which is conceded by all to be de-
cldedly in the interest of those who pay
taxes.
You have made contract for the care of
the city pool-without any detriment to- or
diminution in the care of, our unfortunate
proteges-by which the CITY saves 5000 per
year.
You have from time to time made reason
able appropriations for the purpose of pro-
curing clothes and shoes for the poor little
waits in our city, an act that must meet the
appreciation of both God and man. No money
has been expended better.
You have equipped the fire department in
better shape than ever before in its history.
You have listened to the appeal of those
who were deprived of their rights as citf-
zens, by the application of that legislative
abortion known as our school law, and you
acted for their relief, and through your in
fuence two schools have been restored.
You have revised and reprinted the City
Ordinances. New and needed ordinances
have been added. Obsolete ones eliminated.
And the labor has been so well performed
that the committee who had the work in
charge may well feel pardonable pride in
the result.
Your Board of Health is acknowledged by