The Wichita daily eagle., 1897-08-08
PAYING OFF DEBTS
B0BDs AND INTEREST BEING PAID
WHEN DUE.
Now in Better Condition Finap-
eiallv Than ft has Ever Been Since Its
OreaoizAtton - q City Of the First Class
-One-Tenth Of the Principal on the In
stallment Bonds Paid Annually wenty
thousand DoiIars In Cash in the Treas
ury and Revenue Being Dertved-List
of Outstanding Bouds.

1
! of Outstandiue Bouds.
There are very few citizens who know
the actuai bonded Indebtedness Of the
city OF Wichita. Mayor Ross has recent
ly had an abstract made showing 10
whom bonds have been given. the date
o: issue, the expiration and other minor
details. The statement now hangs in
a frame on the walls Of the city clerk s
Office. Tee city of Wichita is now in bet
ter condition tina: it has ever been since
its organization as a city Of the first
class. All the bonds are now being paid
as they mature and the interest on the
total Indebtedness is being promptly
met. Besides paying the interest on all
the installment bonds, one tenth of the
principal is being wiped out each year.
In some instances il is being done semi
annually.
The total amount Of bonds now out
standing against the city is s51o All a.
OF this amount s346. 900 is not due for
twelve years or longer. There is about
s14,0s7.34 Of installment bonds, which Of
course decrease annually. that will be
due within the next five years. With
rhe taxes being paid as they have been
during the past year and good crops and
business on an active increase and a
strong upward trend, IL is more than
likely that some Of the bonds will De Ii
quidated before coming due. The city
is now paying all their labor and incl
dental bills as fast as they accrue. The
city treasurer now has on hand, in round
figures, $40, 900 in cash, with the amount
gradually increasing from the revenue
derived from the police department.
The bonds now held against the city
are as follows:
ST. Louis, Fort Scott and Wichita Rail-
way. $4,000, issued July /, 1883, due 1903.
Wichita and Colorado Railway, $4,000.
issued February l, 1856. due 1906.
Chicago, Kansas and Nebraska Rail-
way. $4,000. issued August l, 1857. due
1907
Kansas Midland Railway, $4,000. is
sued December 1, 1857, due 1917.
City Hail and Site. 100000, issued
January l. 1890. due 1910.
Oak Street bridge Qnstallment. $500,
issued March 8, 1890. due 1900.
Hose house No. Gnstallment), S16s2sS
issued January 10, 1890, due 1900.
Paving Main street intersections Cn-
stalimen), $500, issued July 1, 1890. due
1900.
Opening Eighteenth street Gnstall-
ment, $40, issued July so, 1890, due
1900.
Grading South Market street dnstaIl-
ment), $643.20. issued July u, 1890, due
1900.
Grading and Paving Douglas avenue
between car tracks GnstaNment), s1511.26
Issued September I, 1890, due 1900.
Grading Douglas avenue GDstallment), |
s2075, issued March l, 1891, due 1901.
Paving intersections Second, Third. |
Central AMI Elm streets GnstallmenD,
$500, issued January l. 1892. due 1902.
Douglas avenue intersections Gnstail- |
ment), s13,o55, issued August l, 1898, due |
1903
Refunding bonds. series "a" $4,000, |
issued January 15 1891, due 1921.
Refunding bonds, series "B," $1,000, |!
issued January 1. 1895, due 1918.
Refunding bonds, series &C." $50, 900, |
issued June 1, 1895, due 1915.
Refunding bonds, series 3D." $4,000, !
issued July 1, 1895, due 1915.
Refunding bonds, series e." $74,ooo,
ssued June 1, 1896, due 1921.
Something which cannot he said Of |
but very few cities in the west is tina:
hey can say they have not been in de-
'ault with their bonds, but Wichita has
never defaulted. This makes the bonds
II the city above par, and an excellent
Investment, which has been attes,ed by
he way bond brokers have sought Wich-
"a securities.