The Republican. [volume] (Oakland, Md.) 1877-current, 1930-03-06
FINANCIAL CONDITION OF
TOWN BETTER THAN EVER
More Street Improvement Made
With Less Yardage Cost Than
In Any Previous Year

That the financial condition of Oak
land was better than it had ever been;
that more street improvements had
been made throughout the past year
with less cost per yard, than in any
previous year; that the resources of
the town were $4,000 more than last
year; and that the receipts of the
town were approximately $4,000
greater than last year, was shown in
the annual financial statement of the
Mayor and Town Council of Oakland
for the year ending February %,
which is found on another page of
The Republican today. 7
The statement shows that the town
now owes nothing except its bonded
Indebtedness, the amount of $4,000
due on the fire truck, and the $14,500,
which was loaned for street improve
ment. With the resources $4,000
more than last year, the liabilities
have also increased about $4,000 over
last years figures, but this was due
to the street improvement loan and
the amount due on the fire truck.
These two items alone total $22, 500,
an amount $4,000 more than the liza
bility increase.
These expenditures are in addition
to the ordinary and necessary expen-
ses aggregating $1,000 per month.
There is a cash balance in the treas
ury of $4,240.21, which is $700 less
than the balance at the last report,
but it was pointed out that if the
assets in unpaid taxes and water ac-
counts were paid, it would be enough
to pay the amount of the street i'm
provement loan and have So, 1880 as
a cash balance.
More Streets Improved
Approximately 500, 800 was spent in
street improvement this year, figure
$21, 1000 higher than last year, but in
cluded in this amount is the cost of
the amiesiting of the principal streets
of the city, financed by the street i'm
provement loan.
Exclusive of the amiesited streets,
approximately one-half mile of
streets in the town were improved
with macadam construction, at cost
of 81 cents per yard less than had
ever been done previously, according
to J. w. Whorton, chairman of the
street committee. Streets were made
from curb to curb in practically every
instance, covering a distance of 1886
square yards at an average cost of
Sc cents per square yard.
The improved streets included por-
tions of Green street, Fourth street,
Fifth street, Pennington street, Cen
ter street, Wilson street, and South
Third street. In the construction
work the cost was divided as follows
supervision 45 cents per hour; labor
40 cents per hour, stone 80 cents per
ton delivered; screenings $3.50 per
ton delivered.
In addition the following streets
were oiled at a cost of $1,241.29.
Liberty; Liberty to Center, two cross
streets; Wilson, Center to Penning-
ton; Pennington, Second to Third;
Center, Second to Third; South Third,
Oak to railroad bridge and railroad
bridge to river bridge.
The financial statement was presen-
ted by A. G. Ross, clerk, and was
passed by the council and approved
by Mayor L. M. Fraley at the monthly
meeting Monday night. Monday even
ing's meeting was the final session
of the present council as the annual
election for members of the body will
be held on Monday, March 10. The
new council will organize on April 7.