Evening star., 1923-01-18
$5,5O2,O61 Surplus Is Demanded
For D. c.. by Auditor Donovan

concerning any liability on the part
of the District under the appropria-
tions of $4,000 and $4,000 for the ac-
QUESTION of additional land for the
National Geological Park (page 10 of
the reporO.
old BALANCES CARRIED ON
TREASURY DEPARTMENT LEDG-
(Pages 20 to 26.)
mo comment is made or deemed
necessary.
FUNDED DEBT OF THE DISTRICT
OUTSTANDING JUNE 80, 1873"
tPages &c to S5)
NO comment is made or deemed
necessary on matter appearing on
pages 20 to 80, except as to the ques-
tlon presented in concluding para
graph on page 80. The ACCOUNTANTS
call attention to the act OF Congress
approved June 10, 1879, authorizing
lhe commissioners of the District to
issue certain bonds to an amount not
exceeding $1.200,00O, and to the pro
VISION In that act that it should not
&c oe construed to make the United
, states liable for any part of the prin-
clpal or interest on the bonds. The
principal and interest were paid from
appropriations made jointly from the
revenues of the United States and
Sne District This matter was very
L,
but no reimbursement was required
70 De made to the United States by
inc District, on tho ground, so IL is
UNDERSTOOD, that Congress in making
dhhual appropriations for the inter
est ana sinking fund Of the District
on the half-and-haIf basis thernbv
repealed by the terms of each such
appropriation that part of tho act of
Sule ~: 1879. cXcmptinE tho United
States from the liability Indicated.
1 Il L a nv
de!iperately made in this way win
I run knowledge of the circumstance
Is SHOWN by the report of tho treas
III OF the United States Gas ex-
DistricD referred to by the account
"nts on page "a of this report.
FUNDING DEBT OF THE r,rsrprr.r
CI0IANDlNG JUNE so. 1922"
pages 30 and a6.)
| Ihis is merely a verification of the
| Outstanding 3.65 bonds Of the District
! 1s4.tl9 9,tOO). and obligations of the
/ united states held as sinking fund
! Investments ($4.517.500). No Comment
| is deemed necessary.
SINKING FUND OFFICE"
! pages sc to 40
! NO comment is deemed necessary
except as to the matter on page 40
relating TO the purchase for redemp.
tlofl OF 800 bonds at prices In cxces:
| OF the par value of the bonds The
! accountants show that from June 80
I 1873. TO juno 80. 1914. such bonds ot
, the par value of $7.9S5, 500 were re.
ueemcd at premium cost Includins
| apparently an undetermined amount
OF purchased intereS) of SlO26,37S 96
| IL Is shown that purchases were made
! at rates Is high as 1925 per 500 pal
| value. 1t has been contended thai
the law was violated in paying NOR,
| than par (pluS accrued intereStJ fol
the $50 bonds. Whether such was tn,
| case or not the District is not re.
sponsible. The entire administration
of the sinking fund office, including
the expenditure of appropriations 70.
| interest and principal on the funde &C
debt of the District. was transferred
| to the Treasurer of the United States
by the terms of tho organic act The
law even exempted tho accounts fol
all such expenditures from audit By
the auditor of the District.
OFFICE OF THE COLLECTOR OF
TAXES.
(Pages II to 43D
Tho statements of the accountant!
under this caption are not material q
the real purpose of the investigation
Further comment is deemed unneces
sary at this time.
OFFICE OF THE REGISTER OF
WILLS OF THE DISTRICT OF co
| LCMBIA-"
pages 43 10 SOD
"oFFTCE OF HE RECORDER OF
DEEDS"
CPages so to 54.)
THE matters presented in the re