The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-04-08
HOT AFTER THE
WATER COMPANY
For Allowing Yates Pond to
Stand.
n A ~
WILL ACT NEXT FRIDAY
STRONG RECOMMENDATIONS OF
CITY ATTORNEY.
THE CITY LOSES IN THE DILLON CASE
It VIII Have 10 Pay Over The $1,000. A
Large Amount of Business Transacted by
the Board of Aldermen Last
Night.

\ large amount of BUSINESS was trans
acted by the board of alderlnel at their
meeting last night.
Alderman Mcdonald, chairman of the
Finance committee, presented the report
for the month Of March, which was
approved and filed
The annual report If the Street co,Ii-
mittee was presented by the chairman
Alderman John c. Drewry. 1t is an
interesting document and shows. in de-
tail, the great amount of improvements
which have been made on the various
streets during the year The following
is an extract from the report:
The improvements iii 1898 have neen
even more noticeable and on Il larger
scale than they were in 1897. anG wnile
the year 1897 stands out as Il beacon
light to mark q new era iii he life
of our city, the year 1898 can also be
looked back to in coming years rs
marking an epoch i'll the growth of the
town. One of the most encouraging
signs of Improvement is the wonderful
ulanimity of sentiment in regard to the
improvements which have been made
and the healthful growth of a very
colnmendabe pubiIc spirit
Another extract:
THE advancement and growth Of the
city during the past year has been re
n.arkable. You cannot go into an,- see
ton without finding NUMEROUS buildings
gong up all around you.
I'm our last annual report we predict
ed that improvements approXimating 4
half million of dollars would be made
g.,t, T.
That prediction has been fully verified
and may we'll be regarded as the result
of the activity inaugura,ed by this board
III permanently improving our streets
1t shows an expenditure our u lilo
general fund of S9,727.19 and out o. Tie
bond money S43,92137. 1t shows il total
expenditure during the past four years
of S104, $3.50.
ANNUAL FINANCE REPORT.
Aldermen Mcdonald presented the l,n-
port of the Finance committee for The
year, which is as follows:
To the Honorable Mayor and Board of
Aldermen of the City Of Raleigh:
Your Committee on Finance beg leave
TO submit herewith their annual report
for the fiscal year ending March LIST,
1899.
Receipts. (See itemized statement of
our efficient city clerk, Mr. III. f.
Smith amount, S7S,94961; disburse-
ments, $S1 ,S4S05. Making deficit of
disbursements over receipts of S2S9S A
Upon examination of the detailed state
ment accompanying this report it will be
seen that, of the disbursements. S16.-
1912 was paid to the Sinking Fund. and
that S3,694.67 was paid out for interest
on warrants that were taken up and
cancelled, making the actual running ex-
penses for the year about $4,000. We
have been falling behind for the last
several years, but less for the past year
than any other.
AS our statement will show, your com
nittee borrowed 5000 by issuing five
bonds. payable yearly commencing
May 1st 1899. 1900, 1901, 1902, 1903
So within the next year $4,000 must b,
provided for to meet two of the bonds
one Of which will be due May LIST. 1890
and the other May 1st, 1900. This
money was borrowed to take UP all out
standing warrants against the city
which are drawing 6 per cent interest
These warrants had been accommodating
and had been standing from year to year
Your committee borrowed the money al
) per cent, thus saving the city ] PEI
cent on the change. We recommend
that these bonds be met promptly when
due.
Your committee cannot say when we
may expect the receipts for the coming
year to exceed those of the past year
and in making un the budget for this
year we advise that the amount of last
years receipts be used as a basis. We
also recommend that each and every de
partment be held down to actual neces