The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-01-01


y A rev gus holder for8the West End Is
tollc OF tho l.nportant improvements II,
St,t,1ltetrplltion 1t Is exp0cted to cost
$lio,UOD, and will almost surely be cree cd
sduritsg the coming year. Propositions
ifpr,sO4cent. gas ura pending IN the Coth--2-
ell, and at is likely, that the price Of THIS
necessary commodity Will DO reduced DUR
Ing looi. n 4 81, d
a i.lrgc stationary storage oil tank Is
In contssnplatlunsn ut tho Upper Gas
~ orks. and will probably DO among tho :
1904 improvements In this department.
VA THIN CRY ~ DEBIT, n II
THIS totpl debt OF the city JANUARY l.
1904. Is s1.22T.&9,sO. THIS debt natures. Ut
Intervals of six. months, commencing jams
uary Il. 1901. and continuing till 1890.
4 Tho first item In the list svJl.f3o ma
trring january l. 1901 win 10 paid off IN
cash tho city having secured the money
FOR that purpose, pending the settlement
6of}tho questions under discussion concern
Ing tho future policy Of the governments
as to the management OF the debt. The
uush borl.o wod for this emergency will be
returned out OF the proceeds OF the flrst
&rofundinE issuc. q * i Isl
& The total OF tho bonded debt Is large BY
comparison with the debts OF other and
n1ois modern cties. and without siEa.3
Lights would seem to be cxect sslve. But
the exDlanatlUn Ia simple:, al the close
OF he war Rlchmond was In ruins, her
people bankrupt; many homeless, ano
every source III revenue DESTROYED. TO
meet thu pressing necessities OF those
Il oadful days, this debt was gradually
created. But there ls still another rcn
son Richmond owns her own great enter
spr,ses. Including the water Works. gas
works. markets. school houses, ETC.. oe.
rs. 31,,,Ad 10 ~
these great plants that we must look for
al, explanation Of the great size OF ner
debt Richmond suffers by comparison
with other cities Of about -..c size ard
strength, mainly because, !r many In
stances where these cities show smaller
proportionuto indebtedness. their water
supplies. gus plants, ETC., arc owned by
private corporations, and IN some IN
stances cities OF great size and wenlt h rent
offices for the city department q. not even
owning a city HAIL! 5E.
NO NEED 10 SELL.
she could easily pay her entire debt
and have surp1us-by the sale Of the gus
and water plants, tits not unreasonable
to say that posslblythe water works ana
rights; alone would bring the amount u
the debt. vs. Il.
r. ely ts + ua sas 1 esty
N the payment OF interest or prime Pa rs q
n deSt ana being ,ss amp ao @
ne w a,eH ' debI t'o ''''
roSss ; sSnSsS. fgas soT
iHs 9 pisn y propos SCI for Tic tue
1 s fa6a no% snq nay WI h sTs eS
invested and the interest the eo.i ION
Vested until january. 1870. There VIII :lI p be
added to this amount annually IA ss ~ y:
which will be also invested Y una 'i 'o' -
pounded 'R 1st!t Ssi9' ALI. BONDS. !, =,
All bonds ma turing rom nova 9ntll M hsts
ssnclus,veS viii be. refunded. BY 1922, he
The he effects Of detective management. IL /,
Iebt it was always intendei SO
bear. and viii be strong enough ccom-
pllsi the purp9yie 59r t WnS ebt was
And SO, Commencing Jnntnry1, 1922. shn
Il, commissioners will be ablo to pay IN fuli
out Of their redemption fund. each oond
Il i IS comfortinr TO know nnd IN orestlny.
90, that II there was any. nece. Sly 20 40
the city sould oHt y Il ~ eareS
natures. So that, large rs the dent; seem seen
hers thres Ways te
!. First. BY VI The ordinary, commonly ira
ticed plan Of sinking fund, created by3
ao xsa undeh hs pan
Secondly. BY direct payment from tie
ocular, current (and now hands ome) e e.''-.
snHss Is s'!SS sale 4 AK, ",
are n many great cities owned and coz! Goa.
su prop ssty il people s VIOLA Day the
entire debt Of the city, y H., r,,,,h, !.
e Chose @eS to o do K, 50, pay tif II, dob BY
he direct application OF lis current ys sse,
nue and as matter OF cur.o~s interest
The eIty y1 now piya annually for inter-
Ssns sS i Ss1dsd 5;s i i
Total annual cost ;, bonded asn ;. $50 :, ! :;
The average ann.n 1a1 az ,na tur1ties l'o''
81 vi sFsbs{Sy IS
can be z T14G s St sl1tesds {! t5t
The year 1903 represents perhaps tho
most progressive and useful years y, work
Of tho public schools OF our city since
Their beginning. in the year 1869:
THE organization and equipment Of tho
system has been greatly improved, dur
Ing tho past year.. and the work being
such q character as to justify the heller
that a llvelier int. est Is being taken IN
the cause OF education by the patrons or
tie schools and the commun! ty;t e large e;
number of pupils enrolled and the eftlc.en,
cy of the work being done. The annual
report shows u total enrolment OF l2,l20,
which, when the change In the school a re
nane by the new Constitution Is consld.i
cred. will prove the largest enrolment OF
1a'sgi ss'' SCHOOL PROPERTY.
The school property Of the city Is valued
al, about $4,000, which consists or eish-
teen school buildings and furniture.
owned Ply the city and lot a, eorn ne, Of Of
'rhirty-third and Marshall Streets. which
sius been recently purcha: cd BY tho city
and upon which II Is hoped q now bu Ia.
ltg VIII BIT erected during tho coming
a con,odnton Of pupils who are now IN
rented rooms In tho eastern part OF the
city and which ore very poorly suited 70
the purpose FOR Which they IRE used,
the year 1903 WAS about $4,000, OF when
amount slGa.750 was for pay roll and gen.
eral expenses. and $lu,25O for lot and
other permanent improvements,
IMPORTANT CHANGES,