Evening star. [volume] (Washington, D.C.) 1854-1972, 1899-09-29
Treasurer's Report on the Debt Of
the District.
BONDS RETIRED DURING THE YEAR
Appropriations Required for the
Next Fiscal Year.
L II E r E L Ell Flu N Z

The report of the treasurer Of the United
States on the sinking fund and funded
debt of the District of Columbia for the
fiscal year 1899 shows that the bonds re-
tired during the year amount to $152, 800.
The balances of the sinking funds unin-
vested aggregate 17,1s5.79. and are to be
applied to the redemption of $4,000 TWEEN
ty-year per sent funding bonds maturing
July 1, 1890.
The water stock bonds outstanding
amount to $4,000 The bonds of the old
funded debt retired with the sinking fund
provided for this loan amount to $342, $50,
and there remains to be purchased with an
unexpended balance in this fund a $50
bond to equal in amount the water stock
bonds outstanding. The interest on these
bonds for one year is $24,O1O while the in
terest for one year on the bonds of the
old funded debt held for this account ag-
gregates S179s5, leaving Sc, OPS to be appro-
priated from the water fund to supply the
deficiency.
Appropriations Required.
The treasurer estimates that the total
appropriations required for interest and
sinking fund for the water stock bonds
from July 1, 1873, to the date of their ma
turity will amount to 1913, I752. 46. If no
provision had been made for a sinking
fund for these bonds they would have cost
for the same period for interest and re-
demption of the principal at maturity ST.
129, 422.5O The difference in favor Of the
sinking fund is therefore $3.50. $4,000
A comparison of the funded debt Of the
District of Columbia on the LIST day of
July. 1878. when the duties of the sinking
fund commissioners of the District were
transferred to the treasurer of the United
States and on June 80. 1899, shows that the
doh I,tly 1 oy,1 hat
the increase since that date by the issue
of 3.65 per cent bonds was 81. 22355O The
decrease by the operation of the sinking
fund and otherwise was s1.442,r0. making
the net reduction of the debt since July l.
ISIS S6.2lS.4Jo, leaving outstanding $15,
.1Uo July 30 1899.
The annual interest charge July l. 1873.
$1O1J, 759 l., and on June 30, 1899,
S6l4 950,65. net reduction of S4OO, s0S.47.
The treasurer's estimates of the amounts
required by him for the fiscal year 1901
are: For interest and sinking fund on the
funded Indebtedness, 81 2l3 p47 81: for cur
rent expenses of the sinking fund office,
S2.soo, and for interest and sinking fund on
the water stock bonds, 5000
Special Improvement Taxes.
The special Improvement taxes received
during the year were $61.57. In accordance
with d recommendation of the treasurer,
Congress, by an act approved March l, 1899,
directed him to deliver TO the Commission
of the District all assessment certiii-
Gates remaining in his custody issued for
unpaid assessments for special improve
ments. and to deposit in the treasury as
general revenues of the District all
moneys in his custody derived from special
Improvement taxes, except the amount Suf-
ticicnt to pay outstanding per cent Ger
tiHCateS of Indebtedness and coupons there
from called for payment prior to the act of
Congress approved August Is. 1894 enti-
tied AN act to provide for the payment of
the S per centum Rreenback certificates Of
the District of Columbia and for other pur-
poses
In accordance with the provisions of this
act the treasurer delivered to the Commits
siOners all assessment certificates remain
ing in his custody and forward to them q
eral revenues of the District, retaining ST.
go to pay outstanding per cent certific-
Gates and coupons, as provided in the act.
Under the head of Guaranty Fund under
Contracts" the treasurer reports receipts
of s37 ,6oO.91 investments at the request
and risk of the contractors s26, $3.50 In bonds,
leaving sS,2U750 unnvested. Settlements
with contractors during the year involve
the return of 1880 in bonds and 50 .2S2. Is
in cash, representing retentions amounting
to sS4, 1861.
Police and Firemen's Relief Fund.
The treasurer held at the close of the
fiscal year 1898 81, 7J2. 81 for account of the
police relief fund, and 50, Os3.s9 for account
of the firemen's relief fund. The receipts
on these accounts during the year were
S31, G76.63 for account of the police and
81, 100 % for account of the firemen. These
sums, including the balances from the fs-
cal year 1888, We're deposited in the treas
ury subject to the requsition of the District
Commissioners, and aggregate S:,:;, 423. a
for the police and S9,S13.4 for the firemen
Disbursements during the year amount
TO $50 81; %.
f.f h.,
office amount to S9oi5,Oi5.