The Saint Paul globe., 1899-04-12
Mr.. nORST'S FIGURES
STATEMENT ON WHICH PRESIDENT
kIRKE BASES HIS CRIT
ICISM
OF COMPTROLLER McARDY
What He Calls "the Juggling of the
City Funds" Is the Way the
Moneys Are Transferred From
One Account to Another-Man-
ner In Which the City's Finances
Are Conducted.

IL was conceded In local political and
city hall circles yesterday that, while the
hrst gun fired by President Kirke, of the
assembly. in his fight against Comptroller
McCardy. had fallen somewhat wide of
the mark, 1t had the effect of calling pub
lie attention to the manner in which the
finances of the city are conducted, and 1t
Is expected that If the campaign Is pur-
sued on similar lines much good will re-
suit.
The report of City Treasurer Horst on
the condition Of the sinking fund, as
called for by resolution of the council,
and which was the subject Of an animated
debate at Mondays meeting Of the con-
ference committee. Is given in substance,
for the first time as follows:
l herewith, as requested, render you
an itemized statement of the sinking
fund account Of the city of ST. Paul for
Also detailed statement of unexpended
balances account for the same period A
large part Of the unexpended balances,
sinking fund.
Ihen follows a statement of the credit
side OF the sinking fund for 1897. among
the items being the following:
Balance Jan. !. 1897, $7,793 49, unexpend-
ed balance, transfer, $1,000; certificates
OF indebtedness, transfer, s2O,5o0; interest,
transfer. $2l, 500. .S8: cash for local i'm
provement certificates, s2,231
Then follows number of small items
for sewer; paving and grading work. stue
smallest being nine cents, with grand
total of $64 595.95.
The debit side for 1857 is as fellows:
Cash order, $4.73; redemption OF bonds,
$l,5oO; balance Jan. l, 1898, $751; .22
-,S Sinking fund. 1898. total credit. s124-
Aside from the numerous small sums
thspe ne,nE,na are large fr Items ;.aa as foloWs:
$S,695. .43; interest. transfer, s2s, ,OO0 Ger.
tiiicates. transfer, 1aa ss,ooo Sixth ward levee
$3, SO7 50; unexpended balance, s11,5OO
Debit..City order. redeemed certificate,
$1e,02S 81, @ 30; redemption of bonds transfer,
$!5,OO0; balance Jan. !, 1899, $39 494 "a
| l. 1899, s3s, 1914 @'
&c Cash paid by purchaser Of certificates.
| ance. March-s, 1889, s4,741.s8. e'''0''' O'''
unedpendsd de balaqse nee 1897 s1s2O57 un
Interest account, 1897-Credit balance
Jan. IL, /, 1897. s14. 1872 60; cash. water board,
certificates, 1926, 500; water board sinking
Debit-To sinking fund, $A, 500; to cash.
$411, 2H IS; water board sinking fund,
$1,000 balance Jan. l, 1898, $21, ,775.58
865.64. w.
! Interest account 1898, credit-BaIancs
Jan; i 1898. $21. 75.58: tax levy certificates,
board: $114,2OO; tax receipts, s44,617; total,
! $438, ,141 "a.
Debit-Cash, city orders s3s1, ,0s5; sink
Ing # fund $4,000: balance Jan. i. 1899,
Credit-Redeemed tax levy certificates.
1898. $12O, 1888, Of which $1165OO was from
tax receipts.
Debit-To redemption certificates of in
debtedness, $109, 500 -.
To sinking fund, ss,695 43; balance, Jan
I. 1899, $1,000 -
Certificates Of indebtedness. 1ssS-By
balance, cash and tax levy certificates
and general fund, SIS, In 02
Debit--To sinking fund. $1,000: cash city
orders, $49, 797.78: balance Jan. 1, 1899, ST.
1854 5w rse - .l,ee =,