The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1903-01-09

cent. Interest: dnnudl interest S6,V3U.
c.. F. & Y. V.railroad bonds. in the
amount of $3.50. 600 at 5 per cent: an
nual interest $500.
Floating debt. $40. 900 due 19O4-5. a 6
per cent. interest: annual interest, $500.
New funding bonds in the amour,
of s14S, 700 at 4 per cent interest: IN
nual interest, $500.
Consolidated bonds, in the amount
of 1885,, 400. at 5 per cent. interest; an
nual interest SIG, 500.
Total debt STAG, 400: total annual in
terest $50. $40.
The report conludes as follows:
The $46, 600 certificates of indebted
ness and bonds held in the sinking fund
are included in the s740, 400.
In view of the fact that the earliest
due date of any of the bonds is fifteen
years off, except $40, 900 due in 19O4-5.
and provided for in the annual appro-
priations, 1 respectfully recommend
that the s46,0 900 certificates and bonds
he destroyed. This would reduce the
bonded debt to 1894, 400, the annual in
terest TO $4,000, and cave about $10,-
900 in the sinking fund.
The law requires an annual tax levy
Tor the sinking fund for the purpose
of paying off the bonds, and while
would not recommend that bonds be
destroyed as fast as they are purchased
for the sinking fund. I do not know
ally OUJSCllOH " IL "ilSIl the annual
Interest can be reduced materially. as
1t would be in this case to the extent
Of s2,340. This saving could be utilized
in educin taxation OF otherwise as
might be able.
Respectfully,
H. G. MCQUEEN,
Com. of Sinking Fund.
The above report was referred to the
finance committee to confer with Mr..
Mcqueen IS to his recommendations.
On motion of Alderman Hashagen,
Mr.. w. w. Koch was granted privilege
to build a boat house at Ann street
dock.
Alderman VonGlahn, of the police
committee, rendered the resignation Of
Policeman D. A. Rowan, who has ac-
cepted employment with the Hanover
Iron Works. The resignation was ac-
cepted and first sub, E. G.. Jones, was
advanced to policeman in his stead.
The report of George T. Bland, cattle
weigher, was read. 1t shows that he
weighed POI cattle in December.
The report of the chief of the fire
department was received. 1t shows
that in December there were 20 alarms
m that the total loss from fire will
not exceed $3.50.
The report Of DR.. c. T. Harper, SUI
perintendent of health, was read. 1t
shows that during December there were
90 beats, of whom 10 were whites and
81 colored, n that there were 81
births, of whom there We're 25 whites
and &c colored.
The report of the chief of police for
December was received, showing that
the department made 81 arrests, of
whom 81 were whites and 60 colored.
City Attorney VIM. ]. Bellamy re-
ported that in December he collected
Si07.53 in back taxes.
Alderman Cooper offered an ordi-
nance providing that hereafter all ap
LEGATIONS for liquor license must be ex-
amined and approved by the city at
torney as to form, and as to whether
the endorsers are f~reeholders, before
the same can be acted on by the board
of aldermen.
Objection was made by Alderman
Hashagen, and Alderman Cooper said
If a fight was to be made against an
ordinance that was to keep the board
from making itself the laughing stock
of the town, he would so further and
insist that the laws be enforced as Ia
to the remova of screens, Instructions
ETC. from saloons.
After a long discussion, the matter
finally went over.
On motion of Alderman Cooper OF
the fire committe, the board appro-
priated s4O0 to buy two new horses for
the fire department, to take the place
OF a horse which died q few days ago
and another which was about worn out
Alderman Johnson, of the streets and
wharVes committee, reported that he
and Alderman Bailey had examined the
new Fifth street bridge and it would
probably be accepted today from the
tract He stated that Mr.. T. F
Tyler had been awarded the contract
to finish Sixth street bridge
Alderman Johnson, of the streets and
Wharves committee, reported that the
macadam o way on Sixth street be.
tween Wooster and Dawson streets
has been completed; that two blocks or
Second street between Harnett an6
Brunswick streets have been improved
With ~clinkers; and that the work %
understanding q sixteen foot roadwa!
on Chestnut street between Ninth aut
Tenth streets is nearing completion. He
alsO reported as to other street work.
Alderman Johnson informed thc
board that bids for the renting D
Chestnut street dock have been re.
ceived. n shat the bid Of Mr. B.F'
Keith was $3.50 and Of ]. A. Syringe,
& Co. $50. The matter was referred
| to the finance committee.
This brought on a long discussion
| about the free use of the city dock.
and wharves, and the mayor STATED
that allowing the city's wharves anc
| docks to be used without charge wa.
an absurdity.