The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1898-04-15

tuueu hepOEt was Submitteu ny tHc
Sinking Fund Commission and
shows IA Bonded Indebtedness OF
Haifa Million Dollars.
Two important reports were received
in select council last night showing the
present condition of the city's finances.
One was the annual report of City
Treasurer Boland which was submit
ted as follows, and which was received
and filed:
Balance cash on hand April 8,
lo91 OBSERVATION-DISCLOSURES. 9o,Oob u
Received from Hon. James q.
Bailey, mayor-iinCs ..,...... 1000 20
Received from Hon. James 6.
Bailey, check from insurance
company for loss ............. 81 90
Received from city Solicitor NJ.
y. Mckinley NEUTRALITY-SUSPICIOUS., - 81
Received from City Solicitor j.
il. Torrey ..................... l61 %
Received from Street Commits
missioner a. Il. Dunng, Jr,,. as %
Received from street Commits
sioncr G. r. Kinsley .........., 26 20
Received from secretary board
of health OBSERVATION-DISCLOSURES. ll3 10
Received from county treasurer
liquor licenses ................. 7S,7lO 81
Received from delinquent tax
collectors ACKNOWLEDGEMENTS. 2GO@ IS
Poll tax collected ................ 3555 70
city license collected ............ G23 %
Building permits collected ...... l6S9 %
iected ....,.......'......-.......,.. $50 rs
Taxes Of 1897 collected ............ 243 4j6 %
Penalty theron collected ......... 13U 80
Two per cent. tax on premiums
of foregn insurance cOmpa-
nies ....,.......................... 227S %
Interest from banks on inter-
est and sinking fund accounts. SIG II
Interest on 1898 bonds held by
interest and sinking fund com
mission .............,.......... 1850 90
Sale of old house on Bromley
avenue ACKNOWLEDGEMENTS. 81 W
Received from street railroad
company for damage to hose
of street cleaning department. -
Severe assessments collected .... 1851 80
Paving assessments collected" 2',t2 W
Grade and sidewalk assessments
collected ......................... l6l2 10
Total receipts ....................Sll7, ,OSG -
Cash on hand April 1897 .......... 9S.9 .93G 0l
Total receipts .s5l5,Ol2 g
DISBURSEMENTS
General city warrants paid ..$2SS. .1S7 IL
Sewer warrants paid .............. l9,SVS 81
! Grade and sidewalk warrants
paid ............,......,., LOIS -
| Linden street bridge warrants
paid ACKNOWLEDGEMENTS, oo wv
| Paving bonds redeemed and in
| terest and warrants paid ...,... oO,b59 -
| Fire neutrality-suspicious. of
! land, etc warrants paid ....... 80 20
| Commissions Of delinquent tax
collectors ..,................... 2,705 o.
| Interest paid on city bonds ana
bonds redeemed ................. 25.oO7 90
/ Interest on city bonds, 1898,
! held by interest and sinking
fnnd commission ................. 1850 %
| 1,otal S373, 6lU 10
! Total receipts .S5l5.O72 %
| Total disbursements ............. 373 SO 10
Balance cash on hand April T.
1925 NEUTRALITY-SUSPICIOUS.. .Slll,lh- "
(signedD G. G. Boland, city Treasurer.
| In anticipation of recent select
! council resolution of week ago, nut
which did not reach the lower branch
| until last night n report, was submit
| ted by the sinking fund commissioners.
II shows S52S,O ,OCO to be the bonded in
! dehtcdness of the city, a reduction OF
! O00 from one year ago.
! The report, which was referred to the
judiciary committee, is as follows:
To the Honorable. the Members OF the
Select and Common Councils, City OF
! Scranton:
! Gentlemen: We, the undersigned board
| OF sinking fund commissioners, respect
| fully set forth the condition OF the several
| sinking fund accounts at the close OF the
fiscal year, ending the first Monday or
| April, 1898.
The law provides that the report shall
be made in January of each year. The
| law also provides that the tax duplicates
| must be placed in the hands of the treas
| urer on or before June l. and all taxes
| remaining unpaid on Oct, l of each year
| shall be placed in the hands of deln-
| uupnt collectors. This would give the
sinking fund commissioners an opportun-
tty to ascertain the condition of the sew
eral sinking fund accounts ana report to
councils in January
II has been made practically impos-
siblc to do this on account of extending
the payment of taxes beyond the period
as fixed by the act of assembly.
The duplicates of 1897 taxes were placed
in the hands of the city treasurer on
Sent. Z 1897 The councils by resolution
extended the time of payment without
penalty TO Jan. /, 1898. The treasurer
also received taxes with penalty added,
pending the preparation of delinquent
duplicates and the appointment of de-
linquent tax collectors. 1t therefore be-
comes impraCticable to ascertain and re-
port the condition of the sinking fund
until the delinquent duplicates are COM
pletCd, and the treasurer has reasonable
time to balance and prove his accounts.
| 1t is evident that the law COntcm-
plates the granting of three months for
this purpose, as il provides that pay
ment of taxes to the treasurer shall cease
on oct, l and that the sinking fund COM
mssiOners shall report the condition OF
the sinking fund accounts In January
The treasurer having balanced his ac-
counts and asCertained amounts to the
| credit Of the several sinking fund ac.
counts did, on March ;. deposit the said
amounts as represented by collections ia
the several interest and sinking fund ac-
counts, and the same is at interest, to-
gether with the amounts to the credit OF
said funds from the taxes of previous
years.
The annual statement OF the city treas.
urer for the fiscal year ending on the
first Monday of April, 1895. gives a true
and correct report of said funds.
, April 3, 1897, balance cash on
nand ....,.,.,.,,......,........ 80 7S5 "a
Receipts during the year from
April g. 1897, to April 4, 1898:
Bond issue, 1897. ,OSO 46
Bond issue, ls96............ 4, 1852 81
Bond issue, 1880. O..........,, 1896 20
| nDa