The times. [volume] (Washington [D.C.]) 1897-1901, 1900-09-18
Debt OF THE DISTRICT
Report Of Treasurer Roberts for
the Fiscal Year 1900.
Bonds to the Aggregate Amount of
ST90.55O Retired An Uninvested
1868. - The Outstanding Obliga-
tions on June 30 Were $i5,O9I 300.

shows that the bonds retired during the
year amounted to s79s,55O. The balance
of the sinking funds uninvested aggre-
gate 1881, 1851, and are to be applied as
far as practicable, to the purchase of the
bonds first maturing.
The bonds of the old funded debt re-
tired with the sinking fund, provided for
the water stock bonds aggregate $4,000
and equal the amount of the water stock
bonds outstanding at the close of the fis-
cal year 1899. The interest for one year
on S343, 900 per cent water stock bonds
is $4,000, while the interest for one year
on the bonds of the old funded debt held
for this account amounts to Stress, leay-
ing $so22 to be appropriated from the
water fund to supply the deficiency.
A comparison OF the funded debt of the
District of Columbia on the first day Of
July, 1878, when the duties OF the sink
ing fund commissioners were transferred
TO the Treasurer of the United States. and
on June 80, 1900. shows that the debt Juiy
l. 1878. was S22, i05 $50. and that the IL
crease since that date by the issue of
$50 per cent bonds was 81, 226,050. The de-
fund and otherwise was SS,241, AGO, making
the net reduction of the debt since July
], 1878, S7.015,S50, leaving outstanding $l5.-
e9l 800 on June 3d. 1900.
The annual interest charge July 1, 1873.
was Sl.G15, 1912, and on June 80. 1900,
S5I4,5io.65, net reduction of Sl41 ,2l3.iT
Needs for the Fiscal Year 1902.
The Treasurer's estimates OF the
amounts required by him for the fscai
year 1902 are: For interest and sinking
fund on the funded indebtedness, S1.213,-
947g7; current expenses of the sinking
fund office. 2.s0O and for interest and
sinking fund on the water stuck bonds,
s6.G22.
In obedience to a manda q of the
Supreme Court of the District Of Columbia
confirmed by the Court OF Appe Is and the
Supreme Court of the United states, the
Treasurer paid interest upon board OF
audit certificates amounting to S2,SS464,
and costs. $500.
To provide funds to meet this claim the
Treasurer, under the provisions of the act
of Congress, approved August 10, 1894,
issued $500 of the S.65 per cent bonds,
and sold them at 1875, realizing the sum
OF s2,993.75.
Under the head of Guaranty Fund
Under Contracts" the Treasurer reports
receipts of s64 III So investments at the
request and risk of the contractors
$50. 4s9 in bonds. Settlements with con-
tractors during the year involve the re-
turn of s22,s5e in bonds and $l1 $50 "a in
cash, representing retentions amounting
to S27, S09.3s.
The receipts on account OF the police
relief fund during the year were
s36, 1874, and for account of the firemens
relief fund 12.53014. These sums were
deposited in the Treasury subject to the
requisition of the District Commits
sioners.
The $50 per cent ten-year funding
bonds issued under the provisions of
the act of Congress approved March 3,
1891, have all been called in and cam
celed. There remained in the custody
OF the Treasurer 1924, 600 unsigned
bonds provided for transfers of this
loan. These bonds, by authority of the
Secretary of the Treasury, were deliv-
cred to the Committee on the Desiruc-
tion of United States Securities in the
Treasury Department, and that COM
mittee report that they have been de-
stroyed.
Disbursements during the year amount
to s1.527, 61S.ss.
Securities in the care and custody of
NGe OfIlEC 10 SOso7zsSt0.
The Bonds Retired.
The bonds retired for account of the
sinking fund for the old funded debt dur
ing the hscal year 1900 were:
TIVE rty-year funding per Gent bonds at
par 80 100
Twenty-ysar funding per cent bonds at
par ..-.--..----..-...----.... 200
Ten-year funding so per cent bonds at
Water stock per cent bonds:
At III fiat .---.--..-..-----...-....-- 300
At 1873 fat ----.---.-----.----.-.---- 1000
The transactions in police and fremen's
relief funds during the fiscal year ending
June go 1900. were:
Receipts for account of Metropolitan
police fund:
Cash from Commissioners Of the
District Of Columbia. .............s3 So, 997 81
Payments FOR account OF Metropolitan
police fund.-
Deposited IL the Treasury subject to
the requisiton Of the Commission
OF the District OF Columbia 5000 "a
Receipts for account Of fremens
lief fund:
Cash from Commissioners Of the Dis
trict Of Coi'mbia ................ L, $50 Il
Payments Tor account OF fremen's relief
fund:
Deposited in the Treasury subject to
the reGusiton Of the Commission
Of the District OF Columbia. p $50 II
Under the provisions Of the act of Con-
gress approved March 3. 1891, there were
Issued s., soc 900 $50 per cent ten-year
funding bonds, which were redeemable at
pleasure after two years. These bonds
have now all been called in and cancelled.
OF the bonds provided for transfers on
this loan there remained in the custody OF
the Treasurer 1,194 bonds of $3.50 each.
1907 Of $500. and .971 of 800. REPRESENT
ing a face value of S2.924. GOO
As these bonds could not be utilized, they
were delivered. on August 4. 1900 By au-
thority of the Secretary OF the Treasury.
to the Committee on the Destruction OF
United States Securities in the Department,
and that committee report. on August Q,
1900, that they have been destroyed.
Summary of Office Trnnsactions.
The transactions Of the Office during the
fiscal year 1900 were as follows:
Examined, arranged, and recorded ISIS
paid coupons and As interest checks per-
tanning to the various bonds OF the Dis
trict, representing a disbursement of ST.
65O.15. and rendered account therefor
Purchased and redeemed for the several
sinking funds bonds amounting to the face
value OF 1888, $50. representing a disbufse-
ment Of SS0i SSs.25. and rendered account
therefor.
Disbursed salaries OF the Office amount
ing to $500, represented by twelve vouch-
ers. and accounted therefor.
Examined. recorded and Cancelled $40 900
OF the coupon bonds of the 365 per cent
Keep Your