Evening star. [volume] (Washington, D.C.) 1854-1972, 1900-09-17
Reduction Since July l, 1878, Has
Been $7,0l5,350.
AMOUNT OUTSTANDING, $l5,osl, 300
Annual Report Of the United States
Treasurer.
THE YEARS OPERATIONS

the bonds retired during the year amount
to $799, $50. The balances of the sinking
funds uninvested aggregate $537. 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 retired
with the sinking fund provided for the
water stock bonds aggregate $343, 600. and
equal the amount of the water stock bonds
outstanding at the close of the fiscal year
1899
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 were transferred to the
treasurer of the United States, and on June
80, 1900, shows that the debt July 1. 1878.
was 22106, $50, and that the increase since
that date by the issue of 1866 per cent
bonds was 81, 226. 050 The decrease by the
opera ton Of the sinking fund and otherwise
was 1924. 400 making the net reduction
Of the debt since July 1, 1873, $7,O15.3 $50,
leaving outstanding 5000. 300 on June 80,
1900.
The annual interest charge July 1, 1873,
was S1,015, 1912. and on June 80. 1900.
S574, 545.65, a net reduction Of SAL ,213.47.
The amounts uninvested OF the sinking
fund for the old funded debt and the 1865
per cent loan at the close Of the fiscal
year 1889, and amounts available for fis-
cal year 1900, were:
Sinking fund for old funded debt: Balance
uninvested July 1. 1899. 3s5.392. II: amount
available for fiscal year 1860, $2S3, sos:
total, $685., ABS So. Sinking fund for 1896 per
cent loan: Balance uninvested July 1, 1899.
1881, 1892; amount available for fiscal year
1900. $342, 032.77; total, 1878, S25. TO-
The bonds retired for account of the sink
ing fund for the old funded debt during
the fiscal year 1900 were: Twenty-year fund
ing per cent bonds at par, 1880; 90
year funding 6 per cent bonds at par, 500;
z al
par, sixth call, 800. Water stock Z per
cent bonds: At Ill fat 5000; at 1880 fat,
$4,000.
These bonds. aggregating 1881 800, cost
s3s2, $50 leaving a balance of s2s5, s.s3
uninvested. This sum includes s., 10
held for the payment of stocks and bonds
called for redemption and bonds overdue
not yet presented for payment.
The bonds retired for account OF the
sinking fund for the 3.65 per cent loan dur
ing the fiscal year 1860 were:
Twenty-year per cent funding bonds,
at par s377, 200. Thirty-year funding 6 per
cent bonds: At Ill fiat, $4,000; at 100
fiat $50 800; at 1880 fiat, $500; at 1O5.50
fat, $1,000; at 100 fat. $3.50; fifty-year fund
ing 800 per cent bonds, at 1875 fiat, $3.50.
These bonds. aggregating SAT-, 100 cost
1922 1SS %, and balance of SOL, 637.54 re-
mains uninvested.
The balances of the sinking funds un1n-
vested amount to $537 .42637. mis- sum
will be applied. as far practicable. to the
lows: $500, 900 water stock per cent bonds
due October 1, 1901, and 1898, 100 thirty-year
funding per cent bonds due November 1,
1902
The amounts available for the sinking
funds of the District Of Columbia, eXclu-
sive Of the sinking fund for the water stock
bonds for the fiscal years 1873 TO 1900 in
elusive, were: 1879, S169, 404. 01 1880, S2l1,-
1000; 1881. S206.o1.42: 1882. A2J0, 1923
1888 $3.50. 6105s; 1884. s272 90a SO; 1855, sZs3,-
20 -
1855 S3lS,6 0s.s2; 1889. $40 744.07; 1890,
500 9S1.57; 1891, $3.50, sO5.57: 1892. S452,-
324.07: 1893. 1882, 5J7.57; 1894, 1921, 126.07;
1895 S535 2i6.57; 1896, $5i5 FAC. 20; 1897.
564.612S3; 1898. s5s3.9SO.S3; 1892 S662,-
ooo.0s; 1900, $685., O7s.s3.
Water Fund.
The amounts available for the sinking
fund for the water stock bonds for the
fiscal years 1879 to 1891, inclusive. were:
1879 and 1880. s3O.31s:77: 1881. SIS, O2s0s;
1882, ST $50: 1888 SIS, 2s1 %; 1884, 49, 723 3d.
1855, ,s61.52; 1886, sci, 423; 1887, So, sd:
1888, s23 755: 1889, $25 437: 1890 SIG, 31S; 1891
SIS, 352; 1892, $50 2G; 1898. So, 104; 1894 $33,
All: 1895 $34, 45S. 75: 1896, $35, III 1897 $685.
114.56: total, S469, 275.2S
During the fiscal year 1900 the unexpended
balance OF the sinking fund provided for
this loan was expended in the redemption
of one $50 bond of the twenty-year per
cent funding loan.
Inc DCnQS OF the Ola 1undeQ dept ret1reQ
with this sinking fund now amount to
s343 900, and equal the amount of the water
stock bonds outstanding at the close of the
fiscal year 1890.
During the fiscal year 1900 there were
purchased water stock bonds for 200 for
account of the sinking fund for the old
funded debt, but the interest saved thereon
inures to the benefit of that fund and is
provided for in the appropriation for in
terest on the water stock bonds.
The interest for one year on s343, 600 OF
the water stock bonds is S24 90 while the
interest for one year on the bonds of the
old funded debt held for this account ag-
gregates SIT $685. leaving 50 O22 to be pro-
vided from the water fund to supply the de-
fciency.
Funded Debt.
A comparison of the funded debt of the
District Of Columbia and late corporations
Of Washington and Georgetown on the 1st
of July, 1873, when the duties of the sink
ing fund commissioners of the District We're
transferred to the treasurer of the United
States, and on June 30, 1900, will show
these results:
Debt on July /. 1873. So log, $50; decrease
by operation of sinking fund and otherwise
Ss ,2tl 400; increase by issue of 1858 bonds,
81 226, $50; net reduction of debt, 81 OBS $50:
total debt, $4,000, 800.
Interest charge July 1, 1873, 81, OLE, 1912:
interest charge June 80, 1900, s574, 545 60; net
reduction OF interest charge, $441213.47.
sued to replace matured bonds bearing a
higher rate of interest. So, S92, 800.
Total issue of 365 bonds to date tissue
being limited by law to S15, DOC. OOO), $14 969,-
300; amount retired, 1882 total 1866
bonds outstanding above $14,224,1OO
Stocks and bonds outstanding on which
interest has ceased, there being funds for
the payment Of the principal and interest
deposited in the treasury:
Corporation of Washington ten-year bonds
$50; corporation Of Washington per cent
general stock, 81 3400 corporation of WASH
lngton per cent general stock, S7SO17:
District of Columbia permanent -improye-
ment per cent bonds, 500; corporation of
Washington twenty-year funding 6 per cent
bonds, 5000; District of Columbia twenty
year funding per cent bonds. 500; total
S3,270.1s. >0''''
In the debt statement these bonds have
been added to those retired. The bonds
purchased and those called for REDEMPTION
during the year amount to $799, 400 From
this sum is deducted $500 of the 3.65 per
cent bonds issued, leaving the net reduc-
ton Of the debt S796, 800 resulting in a re-
duction Of the annual interest charge by
$40, 40o.
The interest Accommodations on the stocks
and bonds Of the funded debt retired dur
ing the period from July 1, 1878, to the
close of the fiscal year 1900 amount to So
e6s, IT'S %
Estimates Submitted.
The estimates submitted to the Commits