Evening journal., 1911-06-01
CONDITION OF
The FINANCES
Only S3,2l6 Of the Borrowed
SSO,OOO Remains to Credit
OF Council
WHAT TREASURER
ROSS BOOKS SHOW

The finance committee Of City
Council. Of which Councilman Kane
is chairman. yesterday discounted the
$4,000 note given by the Peoples
Railway Company for taxes, and the
money was applied to the current
fund of the city. A detailed state
ment of the condition Of the city's
finances has been prepared by City
Treasurer Howard d. Ross and his
assistant William S. Lednum. show
ing that the $4,000 borrowed by
Chairman Kane Of the finance COM
mittee for the use Of the city will
not meet Councils deficit or tide over
the city until the end Of the fiscal
year. The finance condition. as
shown by the treasurer's books, ie as
follows.
Balance Mayor and City Council.
current account at opening OF busl-
ness May 1, 1911. S20.32s.47
Receipts. May l. 1911. temporary
loan, Union National Bank, authorized
by City Council. s50,OOO, other re-
ceipts, Sl.l92.71: total. S7i.521.1s.
Disbursements May 1. Police pay
roll. s7,Sbs2s: Council pay roll s255'-
26. miscellaneous pay roll. s8. 706 "a:
redemption Of water bonds. due May
Ellensville Savings Bank. $4,000
Equitable Guarantee and Trust Com
pany, $1,000; w. s Heeer, $1,000;
John Sailer. $1,000 willard c. Jack
son S4,0O0-S30000 interest on water
bonds. due May l. s15.400; total dis
bursements May I. S572154s
Leaving a balance, Mayor and
t.NN
business May 1, S14.30570.
Miscellaneous receipts from May I
to May 2s. inclusive, S10.565.96 Re-
ceived from Kountze Brothers, two
per cent discount on $685. 900 bond
sale. $1,000; total. SIS. .465.96.
Miscellaneous disbursements from
May ] TO May 2s. inclusive, $2,404.96.
Other disbursements-S Street and
Sewer Department. $4,000 Robert q.
Harman. $4,000 Star Printing Com
rany. S3,43405: Board OF Education
pay roll, s1S.s57.63; total. s31 .696.64.
Leaving balance Mayor and Council.
current account at close OF business
May 2s. Sl.O75.02.
Received May 20, 1911. certificate
Of deposit arranged by chairman Of
finance committee and credited Mayor
and Council, current account. Union
National Bank, 100000; balance, S31,-
O75.02.
Less disbursements May 29, 1911
Street and Sewer Department, $4,000;
interest on water bonds, due June 1,
$500. Eugene NJ. Sayers. S232.S4 ;
total disbursements. SS,932.s4; leav-
ing balance Of S22142.1S.
Received May 81, i9I1-Proceeds OF
Peoples Railway Company note. DIS.
counted at Union National Bank
Sl0.310.65; balance. s32.452.S3. Less
disbursements, s4149S, leaving bal
ance. S32.03790. available for payment
Of the following disbursements due
June I. 1911:
Redemption Of water bonds. dul
June 1, held by the Savings Bank o
Utica. $1,000; by Albany Savings
Bank. $4,000; total, $4,000. Police
payroll due June l. S7503: Council
payroll. due June 1, s2b526 miscel-
laneous payroll. due June 1, S3,SO0
making total of S26.55S26; leaving q
balance of s5.479.64 less S2.26317. the
amount Of bills passed by Council last
night OF a balance Of S3,216.44 at the
close of today. This does not include
OF course. many bills presented which
have not been passed by Council, to
say nothing OF the June bills. which
will more than eat up the $4,000 bor-
rowed and which makes the deficit at
least $4,000
No Explanation.
At last nights meeting Of Council
Chairman Kane made no explanation
OF the financial condition Of the city
but merely offered and had passed bill
amounting TO S2.263.17. which hav'
been held back by Council for SOM
time. The statement OF unpaid bills n
called for by Councilman Benson
shelved resolution was not submitted
TO Council last night.
Another bill presented to Council
last night was for $4,000 from Rober
G. Harman and Congressman William
H. Heald for codifying the laws an
ordinances Of the city. II was referre
TO the printing committee.