The Brunswick daily news. [volume] (Brunswick, Ga.) 1903-1906, 1904-02-13

We, the Grand Jury for the Decem-
ber term, 1908. Of the superior court
Of Glynn county, Georgia, beg to sub.
NIT these, our general presentments
Before entering into a detailed re-
port OF the various committees of our
body, we desire to state that We are
proud Of the record which the several
officials Of our county have made dur.
ing the past year, having in each
and every instance conducted the bus
mess of their Office In a faithful and
competent manner, and who are look
ing carefully after the interest Of the
county in every detail
Finance.
After carefully examining the books
and reports of the Commissioners Of
Roads and Revenues. County Treasur-
.er Treasurer of Board of Education
Tax Collector, Sinking Fund Commits
sioners and Ordinary. from June 2,
1903. to January s, 1904, both inclu.
.siye. report as follows:
Commissioners of Roady and Reve.
nues.
The bonded debt Of the county,
which was created in 1895, at 80 years
consists Of SO bonds of the denomina
tion of $1,000 each, 500, 100000, which
mature in 1926 and bear interest at
the rate Of S per cent per annum, pay
able on the 1st OF June and Decem-
.ber OF each year. OF this issue, the
Sinking Fund Commissioners purchas-
'ed and retired from circulation March
is, 1901, bonds Nos. II, IS, 10, 30 and
.66. of $1,000 enei, total, $4,000 also
on December 30, 1902 bond No 65, Of
$1,000. or total of $4,000, making the
bonded debt to date, S63,O0o
The Preston judgment, which has
been On the records of the county
and mentioned In nearly every grand
jury report for years has at last been
paid. There IS, however. due on this
account interest to the amount OF be-
tween q, 590s and $4,000, which is in
course Of adjustment and settlement,
with this exception the county Is prac-
ideally without floating debt, with
handsome balances In the hands Of
ithe difqaranf officers
Striking Fund Commissioners.
The sinking fund to date in the
hands of the commissioners, which is
earning s326.44 per annum in interest
is SS,11611. This amount will be APP
piled to the further decrease Of the
bonded debt whenever an opportunity
presents itself in the judgment Of the
commits sioners that will justify the
purchase OF bonds, otherwise this sum
viii accumulate to meet bonds at ma
lturdty. The purchase of the five bonds
N 1901 reduced the interest account
for 1901 and 1902 $250,06 per annunl
or $4,000 for the two years, and the
purchase Of bond No 65 In December
1902, further reduced the interest ac.
toount $4,000 per annum, making the
total saving in interest for 1903, 5000,
and for each year thereafter, and this
amount may from time to time be in
creased should the opportunity be pre-
sented to the commissioners to pur-
chase bonds at a fair price, but the
credit Of the county is now 50 firmly
established that the holders OF the
bonds DO not seem disposed to sell
except at a fancy price.
County Treasurer.
Receipts.
Balance on hand last
report. June 2, 1903. .....$ 1924
From II. J. Read, t.
c., general fund ......o.. 24,376,9S
From H. J. Read. T.
G. interest on bonds. .., 2,140.95
From O. A. Townsend
clerk, account conyicts :, 1850
from o. A. Townsend.
clerk, .,.......f......... S9,21
From ], 0. William
son. ................,.. 54,2F
From w. q. Morgan