The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-04-11

Lfehl respectfully refer you 20 the an
nual reports which will be presented and
read 20 you by the officers In charge of
these respective departments. For the
first time in many years the city has
during the past year, met all OF fts
financial obligations promptly without be-
ing required 10 refund any OF its bonds
OF accrued interest and a. the same time
paying the city employees promptly each
month. All this has been done to the en-
tire satisfaction OF our creditors. We
have cause to congratulate ourselves
upon the result, and the able manner OF
the finance committee, J. Giles Smith. b
F. Mclean and W H Herbig. In the way
they have conducted the city's finances
I Will recommend to the next finance
committee when they meet for the pur-
pose OF making a levy for taxes for gen.
eral purposes. that they make another re-
ducuon- The sanitary sewer constructed
in 1SSS and 1889. at cost OF s255, co. to be
paid for in ten annual payments, the
tenth and last payment of $eS 965 was
forwarded by the city treasurer to the
| fiscal agency at New York City last May
TO redeem and cancel all of the outstand-
ing sewer bonds. Last June, in company
with the city engineer and sewer inspec-
tor. made a personal examination OF
the sewer system, which found 10 be in
good condition and fully meeting the re-
quirements as contemplated by the
original promoters. 1t was the opinion OF
the city engineer that the sewers were ap-
parently in as good condition as when
first built. Last year the final and last
levy for the payment Of the paving OF
Market. Main, First. Second. Third
Elm, William. English streets and
Central avenue, also the following
paving; Alleys between Douglas ave-
nue. and First street. from Main
to Fifth avenue (now Santa Fe
street; alley between Douglas and Will
lam street, from Water street 10 Fourth
avenue NOW fremont street.: alley be-
tween Main and Market streets. from
Douglas avenue TO Central avenue
-Four thousand six hundred and thirty-five
dollars was forwarded by city treasurer TO
the fiscal agency last December TO re-
deem and cancel all of the outstanding
bonds and interest held against Market
street for paving. The bonds held against
the balance OF the streets and alleys
have mentioned become due within the
next four months The city is ready ana
prepared to take the said bonds W with
out the refunding OF a single dollar OF
the indebtedness.
The $4,000 voted by the people over two
years ago for the purchase and improve
ment OF Riverside park, the bonds FOR
said purchase were issued for twenty
years at per cent At the time Of the
issue Of the bonds prevailed upon the
Fourth National bank Of this city to
take said bonds and hold the same intact
for two years; by so doing 1t gave the
city the opportunity to take the bonds up
to refund at lower rate of interest, as
under the law of the state bonds after
two years from date Of issue can be re-
funded. I desire to publicly thank the
Fourth National bank for the accommo-
dalton they rendered the city by taking
the bonds for the time required. so as TO
give the city the option TO refund, which
it did, having previously made arrange
ments last September with the state
school fund commission to take refunded
park bonds at Z per cent and the paying
of $1,000 OF the principal each year until
interest.
After two years of trials and vicissi-
tudes which the city has endured 10 pro-
cure a new street railway system such
as city OF the size and Importance OF
Wichita demands. has been. az you are
aware. consummated by tho granting Of
a franchise to Edward WOodman OF Port
land, Maine. In the granting OF said
franchise you have fully protected the
city's interest IN every particular. Much
credit is due our honorable city attorney
in the preparation Of the street railway
ordinance covering all of the points in
question, requiring a faithful compliance
of the building. equipping. operating and
maintenance Of a first-class street rail-
way by Edward Woodman or his assigns
Tho system, now under construction
when completed. we have the assurance
that It Will be the best built and best
equipped street railway system In the
state.
The commercial interests Of our city
have reached a magnitude Of great iTnpOr-
tance, exceeding that OF any other year
in the city's history. over this great
growth in which not only our merchants
but all classes of our citizens are inter
ested. The prospects OF this. the last
year Of the nineteenth century. indicates
a greater growth in the material develop
ment in its Industrial, commercial and
educational interests. gratifying though
# be 70 all, brings with IL increase q re-
sponsibility 10 those Of us who remain IN
Office another year. together with those
who have been recently elected. there
fore let us resolve that we VIII act To-
getlsr harm oniOusly with united action
for the welfare OF our city. appreciate
the zeal Of everyone OF you 70 advance
the interests OF your respective wards
and OF the whole city. Thanking you and
all officers and employees Of the city for
your cordial support in the management
Of the affairs OF the city. have the honor
TO remain. Yours respectfully.
FTNI.AT ROSS. Mayor.
City Attorneys Report.
Wichita. Kan. April 9. 1870
To the Honorable Mayor and Council o;
the city OF Wichita.