Full text of Commercial and Financial Chronicle : April 15, 1899 : State and City Supplement, Vol. 68, No. 1764

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C ommercial & F

T H E --------

inancial

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hronicle.

[Entered according to act of Congress in 1899 by W illiam B. D ana Company , in the office of the Librarian of Congress, Washington, D. C.]

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THE PROPOSITION TO SETTLE THE WEST
VIRGINIA DEBT.
A s affecting the good name and public standing of
an important commonwealth, there is no movement
to-day in which a greater interest will be felt, or
which will be more closely watched by the thinking
portion of the community outside of those having a
direct pecuniary interest in the matters at issu •,
than the movement for an adjustment of the debt of
the State of W est Virginia.
This State is practically
the only one which still has an unsettled indebtedness
of large amount. Every one who desires to see pub­
lic credit, whether Staoe or national, maintained at a
high standard— every one who is anxious to see those
iew remaining communities which through misfortune
« r the force of circumstances have hitherto suffered
in financial repute, raised to the same advanced
plane as the rest— will welcome all well-directed
efforts to adjust the West Virginia indebtedness and
remove the only cloud hanging over that important
commonwealth.
When we speak of the unsettled indebtedness of
West Virginia, we do not of course mean that the
State has any obligations of its own on which it is in
default. Such is not the case. The State has no di­
rect debt. But it is none the less bound for a large
amount of indebtedness incurred on its behalf and
contracted before the State had existence as a separate
political entity. As is well known, W est Virginia
originally formed part of the State of Virginia. When
the territory of which it is composed was erected
into a separate State, it was provided that it must
assume its proper share of the debt of the old State of
Virginia incurred prior to January 1 1861. In the
thirty eight years that have elapsed since then West




IB, 1899.

Virginia has never accounted or settled for this share
of the old debt. Virginia herself, as will be remem­
bered, for a time assumed a hostile attitude to­
wards the holders of the old bonds, but long since
reached a settlement with the creditors as to the por­
tion of the debt with which she deemed herself
chargeable. W est Virginia, however, has persistently
refused to come to any kind of an agreement or set­
tlement, and within more recent years at least the
disposition has been to act as if the State was in no
way bound to the old creditors. Such an attitude is
incapable of defense, either equitably or legally.
Just what W est Virginia's portion of the old debt
may be, just what she should reasonably and equitably
be asked to contribute in settlement of these old antewar burdens— on this point there may be room for
differences of opinion. But with reference to the
fact that some part of the old debt is fairly charge­
able against and should be taken care of by her, as to
this there can be no dispute whatever. A t the time
of the separation it was distinctly provided that she
should assume part of the debt. Moreover, the Con­
stitution adopted by the State and all the early legis­
lation contemplated that the State would fulfill this
plain mandate. The ordinance under which Virginia
was divided contains the following reference to the
subject:
The new State shaU take upon itself a just proportion of the public
debt of the Commonwealth of Virginia prior to the first day of Janu­
ary 1861, to be ascertained by charging to it aU State expenditures
within the limits thereof, and a ju st proportion of the ordinary ex­
penses of the State Government, since any part of said debt was con­
tracted ; and deducting therefrom the moneys paid into the treasury
of the Commonwealth from the counties included within the said new
State during the same period.

The meaning of this is clear enough, though ob­
viously the method provided for determining W est
Virginia's portion of the debt is a complicated one,
calculated to produce just such a state of irresponsi­
bility, confusion and doubt as has since arisen.
The
declaration in the Constitution, under which W est
Virginia was admitted into the Union, was no less
emphatic on the same point.
Section 8, Article 8 of
that instrument is as follows :
Section 8, Article 8.—An equitable proportion of the publio debt
of Virginia, prior to January 1st 1861, shall be assumed by this State,
and the Legislature shall ascertain the same as soon as practicable.

Here is not only an explicit acknowledgment of li­
ability for part of the debt, but a direction to the
Legislature to “ ascertain the same as soon as practic­
a b le." Unfortunately the Civil W ar and the long
period of reconstruction which followed prevented
an adjustment of the matter between the two States.
Unfortunately, too, Virginia, in making a settlement
with the bondholders in 1871, arbitrarily assigned to
W est Virginia one-third of the debt, issuing the so-

2

STATE AND CITY SUffiEWENT,

Voi. L X V III

called Virginia Deferred Certificates for this one- lutely just treatment. The Committee consists of
third which it is the purpose of the present effort to John Crosby Brown, George Coppell, J. Kennedy
convert into something more definite and tangible. Tod, Clarence Cary, Virginius Newton and B. P .
Beports agree pretty well in saying that W est Vir­ Chew. Any plan of settlement, moreover, must be
ginia is not justly chargeable with as much as one- submitted to and approved by an Advisory Board.
third the whole debt, and it is the recognition and This Board, as originally constituted, consisted of
plain avowal of that fact by those who are back of the Thomas F. Bayard, W . Pinkney W hyte, Edward J.
Mr. Bayard having
present movement that gives so much force to it and Phelps and George G. Williams.
since
then
died,
his
place
will
be
filled
by some one of
creates such a favorable opportunity for the State.
Virginia's total debt in 1871, when the settlement
with her creditors was made, was figured at $45,718,112, this representing both the principal and the unpaid
interest up to that time. As one third of such amount
is $15,239,370, that was the sum which it was arbit­
rarily assumed W est Virginia must provide for; of
this amount $9,000,000, roughly, may be estimated to
be principal and the rest unpaid interest. This, as
remarked, was in 1871 ; since then 28 years' more in­
terest has accrued. T o state these figures is to make
it at once apparent that on that basis the requirements
would be of such magnitude that it would be utterly
out of the question for W est Virginia to meet them.
Besides, as just indicated, the State can not fair­
ly be
charged with as much as one-third the
debt. In the Memorial recently addressed to th9
W est Virginia Legislature by the committee engaged
in the present attempt at settlement, it is declared
that the “ Debt Commission" appointed by W est Vir­
ginia in 1871 reported that if West Virginia's propor­
tion was reckoned on the basis of population, the
amount to be assumed by her would be $7,474,642 46
with interest from 1861, and if reckoned on the basis
of revenue it would be $5,231,485 10. It is stated,
furthermore, that the committee of the Convention of
1861, which drafted the ordinance dividing the State,
estimated that a statement of the account would as­
sign to West Virginia between six and seven million
dollars. On the other hand, an accountant employed
by the Virginia Debt Commission, the Memorial says,
estimated the amount for W est Virginia at somewhat
above $11,000,000.
These calculations are interesting mainly as show­
ing what widely varying results may be produced by
employing different methods. However, a specific
method for stating the account was provided in the
Ordinance of Division. It is by this method that
West Virginia's liability must be determined. The plan
now proposed recognizes this fact and undertakes to
be governed by it. The amount having been ascer­
tained. moreover, the proposition is to compromise
for only a fraction of that sum.
The W est Virginia
Debt Commission of 1871 it seems furnished a partial
list of the roads and other internal improvements
within the boundaries of W est Virginia constructed
by payments out of the Treasury of Virginia. This
list showed aggregate expenditures in this way of
$3,343,929. It is claimed, however, that the Com­
missioners accidentally omitted a number of internal
improvements within West Virginia which were
made between 1785 and 1828.
It is part of the present plan to make such an in­
vestigation respecting the “ State expenditures" as
will preclude any risk of charging W est Virginia
with any amount which is not represented by some
public improvement of which her people have had the
benefit and which was paid for out of the treasury of
the original State. The names of the persons com
posing the Committee conducting the present move­
ment constitute in themselves a guaranty of abso­




equal repute and standing.
N ot only are the “ State expenditures" to be strictly
limited to those made within the borders of West
Virginia, but the Committee is willing to exclude
from the account such of those expenditures as were
incurred prior to 1828. Furthermore, claim is waived
in favor of the State to a number of other substantial
things. For instance, all the property in W est Vir­
ginia owned by Virginia was transferred to the former
after the division of the old State, on condition, how­
ever, that it be accounted for in any future settlement.
The bank stock alone so transferred was estimated
in 1871 at $539,600. Under the plan it is proposed to
forego all claim to any of this property if a settlement
be concluded with West Virginia before December 1
1899.

%

It is believed that under this policy of exclusion it
will be found that W est Virginia should be charged
with only $4,000,000 to $4,600,000 of the original
principal of the debt. To that sum, of course, would
have to be added 38 years interest from 1861. But, as
already stated, a settlement is not asked for the full
amount of either principal or interest, even on this
reduced basis. The plan contemplates a compromise
on precisely the same terms as the compromise made
by Virginia— that is, 60 per cent for principal and 30£
per cent for interest. On that basis the requirement
in new bonds would be :
$4,000,000 principal at 60 per cent.......................................... $2,400,000
Thirty-eight years' interest on $2,400,000, equaling $5,472,000, to be compromised at 301* per c e n t ................. 1,655,000
Total of bondB required from West Virginia....................$4,055,000

In brief, then, the plan of settlement advocated
contemplates an issue of only about four million dol­
lars of bonds by West Virginia.
On the basis of the
$15,239,370 assigned to the State in 1871, the call to ­
day with 28 years' interest added would be over forty
million dollars. This shows how exceedingly favor­
able the present proposition is to the State. The la*ter sum, as already noted, W est Virginia could by no
possibility undertake to assume. The sum of $4,000 000 would seem well within her ability to take care
of. The interest on the new bonds is to be at an
average of not less than three per cent for their full
term, but the Committee is to have the right to ar­
range the rate for the first ten years to suit the con­
venience of West Virginia. A t the maximum of 3
per cent the interest charge would be $120,000 per
year. I f at the outset the rate should be only 2 per
cent, then the requirement per year would be no more
than $80,000.
The question for W< st Virginia to consider there­
fore is whether to advance her credit, restore her
financial prestige and give evidence of her honesty of
purpose, she will incur this small yearly burden. The
advantages to result from such a course would be
enormous. N ot only would the State be held in
higher estimation by the whole world, but the ma
terial gains would be just as noteworthy. In mineral
wealth W est Virginia is one of the richest States in
the Union. She needs capital to develop her re

t

April, 1899.

STATS AND Cir

sources. But many moneyed men scrupulously avoid
investments in States whose financial history is not
absolutely above reproach. A n adjustment of this
old indebtedness would remove all restraint on the
flow of capital into the State, thus ensuring for her an
era of prosperity such as she has never previously en­
joyed in her entire history.
The moment is
especially opportune for such action now, when
the general business conditions of the United
States are favorable to the employment of capital
in new fields.
There has not yet been time for a re­
liable expression of public opinion on the plan in
W est Virginia.
The Memorial from the Committee
was presented on February 23 1899 at the very close
of the Legislative session, and therefore it was not
possible to give consideration to it.
Earlier in the
session (Jatiuary 17), it is t-ue, a resolution was unan­
imously adopted in the Lower House declaring that
W est Virginia is in no way obligated for the payment
of any portion of the Virginia Deferred Certificates,
but it seems to be thought that this was largely bun­
combe, and certainly the action was taken without a
knowledge of all the facts. W hen public opinion has
been educated to understand how clear is the liability
of West Virginia for the debt, and how favorable are
the terms of the present proposal,there will be a wide de­
mand, we may be certain, for acceptance of the scheme.
As for the certificate holders, they do not, of
course, have the prospect of a very large return, see­
ing that the aggregate of the debt is to be compro
mised for so small an amount. But under all tbe
circumstances of the case it seems difficult to discern
how anything more could be obtained for them. In
fact,it is either this or nothiag, apparently. There have
been many previous attempts at settlement, but they
have all failed. Even the present movement is only in
its initiatory stages, and it will require a great deal of
hard work and much skill and diplomacy before su c­
cess will be in sight. A t least, however, it rests on
a tenable basis, and is so framed as to merit success.
Tne method of procedure to be adopted in attempt­
ing to reach a settlement is not yet clearly defined.
As the W est Virginia Legislature has definitely ad
journed, that avenue of approach is no longer open.
There seems to be a consensus of opinion in favor of
enlisting the services of Virginia, with the view u td*
mately (if every other method fails) of bringing the
matter before the United States Supreme Court.

SU PPLEM EN T,

1892 represent only the principal of the bond; a sep­
arate certificate (called ‘ ’Interest Scrip” ) having been
given for the interest in default. As the claim for
interest is to be compromised on a much smaller basis
than the principal of the original bonds, it obviously
mikes a great deal of difference whether a given certifi ate represents a larger or smaller proportion of
interest, or whether the certificate represents all
scrip. The Interest Scrip will, under the plan pro­
posed, yield, it would seem, not more than 10 or 11
per cent. Some of the other certificates may yield,
it is thought, from two to four times this percentage.

CHANGES I N THE IN VES TMENT LA WS FOR
SAVINGS BANKS.
The marvelous growth of the savings bank depos­
its in the Eastern portions of fhe United States is
forcing a gradual enlargement of the field in which
these institutions are by law permitted to invest their
deposits and their resources. The present year the
subject has received unusual attention, one reason for
this being that there are so many more legislative
bodies in session in an odd-numbered than in an evennumbered year. Enlargements have been made or are
proposed in nearly all the principal States. It is not
our purpose to discuss the wisdom or propriety o f
these amendments, but simply to note the laws them­
selves and to indicate their nature and scope.
In New Y ork changes widening the field and En­
larging the scope of the investments have been made
for several successive years, as shown at length in an
editorial article in the State and City Supplement
for April 1898; last year authority was given for
the first time to purchase railroad bonds under cer­
tain restrictions. This permission, however, is con­
fined entirely to roads in New Y ork State. The pres­
ent year Mr. Krum has introduced a bill in the Senate
greatly extending the permissible line of railroad in­
vestments. This bill has been favorably reported by
the Senate Committee on Banks, with an amendment
legalizing investments also in the first mortgage bonds
of the Fonda Johnstown & Glov^rsville RR. Beyond
that, we are not in position to indicate what fate the
measure is likely to meet. W e give herewith Sena­
tor Krum 's bill in full. Some other bills proposing
changes have been introduced, but thus far no action
has been taken on them.

AN ACT to amend the Banking Law, relative to securities in whioh
deposits in savings hanks may De invested.
The People o f the State o f New York, represented in Senate and As­
sembly. do enaet as follows :
Section 1. Subdivision six of section one hundred and sixteen, o f
chapter six hundred and eighty-nine of the laws of eighteen hundred
and ninety two. entitled “ An Aot in Relation to Banking Corpora­
tions,” as amended by chapter eight hundred and thirteen of the laws
of eighteen hundred and ninety-five, and chapter two hundred and
thirty-six of the laws of eighteen hundred and ninety-eight, is hereby
further amended so as to read as follow s:
Subdivision 6. In bonds and mortgages on uniocumbered real prop­
erty situated in this State, worth at least twice the amount loaned
thereon. Not more than sixty-five per centum of the whole amount of
deposits shall be so loaned or invested. If the loan is on unimproved
and unproductive real property, the amount loaned thereon shall not
be more than forty per centum of its actual value. No investment in
any bond and mortgage shall be made by an v savings bank except
upon the report of a committee of its trustees charged with the duty
of investigating the same, who shall certify to the value of the prem­
ises mortgaged or to be mortgaged, according to their best judgment,
and such report shall be filed and preserved among the records o f the
corporation. Also in the first mortgage bonds of any railroad corpo­
ration of this State the principal part of whose railroad is located
within this State; or of any railroad corporation of this and any other
State or States connecting with and controlled and operated as part
value. Thus the certificates issued in 1871 and 1879 of the system of any such railroad corporation of this State, and o f
which connecting railroad at least a majority of its capital stock is
represent one-third of the principal of a bond, and also owned by such a railroad corporation of this State, or in the mortgage
bonds of any suoh railroad corporation of an issue to retire all prior
one-third of any interest in default at the time of fund- mortgage debt of such railroad companies respectively; provided taat
at no time within five years next preceding tbe date of any such in­
ing. Some of the 1871 certificates, however, include vestment shall such railroad corporation of this State or’ such connect­
ing railroad corporations respectively have failed regularly and punc­
10 years of interest, while others include only 2 tually to pay the principal and interest ot all its mortgage indebted­
and in addition thereto regularly and punctually to have paid
years of interest, the interest between 1861 and 1869 ness,
dividends upon all its outstanding capital stock during the preceding
years, at the rate of not less than four per centum per annum;
having previously been funded under the A ct of 1866. five
and provided, further, that at the date of every suoh dividend the out­
standing capital stock of such railroad corporation, or such connecting
On the other hand, the certificates issued in 1882 and railroad
company respectively shall have been equal to at least one-half

A t present the Brown Committee have on deposit
#5,450,000 of the Deferred Certificates, while holders
of $1,500,000 more have in writing agreed to deposit
when the Brown Bros, receipts are listed. This gives
the Committee nearly a majority. About $1,500,000
o f the 15£ millions supposed to be outstanding, it is
estimated by the Committee, have been lost and will
never be heard of. It is contemplated to settle for a
lump sum with West Virginia, as was done in the
Virginia case, and then have a special tribunal deter­
mine just how much is to be given each certificate
holder. This calls attention to the fact that there are
several classes of certificates which vary greatly in




3

4

•ST*T£ AW* CITY SUfftEMEWT,

of the total mortgage indebtedness of such railroad corporations re­
spectively. including all bonds issued or to be issued under any mort­
gage securing any bond in 'which such investment shall be made [not
more than twenty per centum of the whole amount of deposits shall
be so loaned or invested. Street railroad corporations shall not be
considered railroad corporations within the meaning of this section.]
Also in the mortgage bonds of the following railroad corporations:
The Chicago & North Western RR. Co., Chicago Burlington & Quincy
RR Co., Michigan Central RR. Co., Illinois Central RR. Co„ Pennsyl­
vania RR. Co., Delaware & Hudson Canal Co., Delaware Lackawan­
na & Western RR. Co., New York New Haven & Hartford RR. Co.,
Boston & Maine RR. Co., Maine Central RR. Co. Provided that at the
time o f making such investment the said railroads shall have earned
and paid regular dividends o f not less than four per centum per an­
num in cash on all their issues of capital stock for the ten years next
preceding such investment, and provided the capital stock of any of
said railroad corporations shall equal or exceed in amount one-third
o f the par value of all its bonded indebtedness: and further provided
that all bonds hereby authorized for investments shall be secured by a
first mortgage of the whole or a part of the railroad and railroad prop­
erty actually in the possession of and operated by such com pany; and
provided also that such railroad be of standard gauge of four feet eight
and one-half inches. Not more than twenty per centum of the whole
amount of deposits of any bank shall be loaned or invested in railroad
bonds, and not more than five per centum of the deposits of any bank
shall be invested in the bonds of any one railroad. Street railroad
corporations shall not be considered railroad corporations within the
meaning of this subdivision.
Section 2. This act shall take effect immediately.

It will be observed that this measure, like that with
reference to New Y ork railroads which became a law
last year, provides that street railroads shall not be
included within the term “ railroad corporations.”
Bearing on this point, it is interesting to note that
the Attorney-General of the State has just given an
opinion that the Manhattan Elevated is not a street
railway within the prohibition referred to.
In Connecticut it is contemplated to extend the
authority relating to purchases of railroad bonds
even further than is provided in the intended amendment in New York which we have just quoted. The
existing provision of the Connecticut statute with
reference to railroad investments will be found in its
proper place on another page. How that provision
will read should the revision proposed be made is
shown in the following. W e preserve the same para­
graph mark (7) as that in the other place. It should
be added that this proposed amendment has been pre­
pared by the Select Committee of Connecticut Savings
Bank Treasurers, and it has the approval of the Bank
Commissioners, as we learn through the kindness of
Commissioner Sidney W . Crofut. A hearing on the
bill was had before the Committee on Banks of the
Connecticut Legislature on March 30, and it is likely
the Committee will report this bill favorably.
(7) Or In the bonds of any railroad oompany organized under the
laws o f any of the States mentioned in this Act, and which bonds are
secured by a first mortgage (as the only mortgage security) given
by said railroad company upon some portion of the railroad owned
by it, or given by a railroad company (a malority of the capital
stock in which is owned by the railroad company issuing said bonds),
upon some portion o f the railroad owned by it but leased or operated
by the railroad company issuing said bonds, and which portion of said
railroad in either case shall be located wholly or in part in one or more
of the 8tates mentioned in this Act, provided the entire railroad of
said company is located wholly within the United States; or in the
consolidated bonds of any railroad company incorporated by this
State and authorized to issue such bonds to retire the entire funded
debt of said com pany; provided, that in every case the railroad oom­
pany in the bonds of which an investment is made shall have paid
each year, for a neriod of not less than five years next previous to
such investment, in addition to the interest on its funded indebted
ness, dividends of not less than four per centum per annum upon its
entire capital stock outstanding; and provided, further, that said
outstanding capital stock at the time of such investment equals or
exceeds in amount one-third of the entire outstanding issue of said
bonds; also in the bonds of the following-named railroad corpora­
tions, v iz :
Boston & Albany Railroad Company,
Boston & Lowell Railroad Company,
Boston & Maine Railroad Company,
Concord & Montreal Railroad Company,
Fitchburg Railroad Company,
Harlem River & Port Chester Railroad Company,
Maine Central Railroad Company,
New England Railroad Company,
New York & New England Railroad Company,
New York New Haven & Hartford Railroad Company,
Old Colony Railroad Company,
and in any general or consolidated mortgage bonds issued by any of
the following-named railroad corporations to retire all of the out­
standing prior mortgage bonds secured upon the property covered by
said general or consolidated m ortgage: Chicago & North Western Railway Company,
Chicago Burlington & Quincy Railroad Company,
Chicago Milwaukee & St. Paul Railway Company,
Chicago Rook Island & Pacific Railway Oompany,
Chicago & Alton Railroad Company,
Cleveland & Pittsburg Railroad Company,
Lake Shore <fe Michigan Southern Railway Oompany,
Michigan Central Railroad Company,
Morris & Essex Railroad Company,
New York Central & Hudson River Railroad Company,
Pennsylvania Railroad Company,
St. Paul Minneapolis & Manitoba Railway Company,
and in the mortgage bonds hitherto issued whioh the said consolidated
or general mortgage bonds are to retire at m aturity; provided, that at




Vol. LXV1II

no time within five years next preceding the date of such investment
shall such railroad corporation have failed regularly and punctually
to pay the principal at maturity, (or as extended,) and interest of all its
mortgage indebtedness, ana in addition thereto regularly and punc­
tually to have paid dividends upon all its outstanding capital stock
during the preceding five years; further, that at the date of every
such dividend the outstanding capital stock of such railroad corpora­
tion shall have been equal to at least one-tbird of the total mortgageindebtedness of such railroad corporation, including all bonds issued
or to be issued under any mortgage securing any bond in which suob
investment shall be made, but this Act shall not be held to authorize
any investment in the bonds of any corporation operating its railroad
exclusively by any means other than steam as a motive power, or in
the bonds of any street railroad company.

In Massachusetts likewise an effort is being made
to add to the list of railroad bonds. In this case we
have not been able to obtain the full text of the pro­
posed amendment. Massachusetts savings institutions now have authority to purchase the bonds of
New England roads, as set out on page 16 of this
number. The new bill would add, according to the
newspapers, the bonds of the New Y ork Central &
Hudson River, Michigan Central, Lake Shore & Mich­
igan Southern, Illinois Central, Pennsylvania, Del.
Lack. & Western, Chicago Burlington & Quincy, Chi­
cago & North Western and Delaware & Hudson Canal,
besides the legally authorized bonds of any railroad
company incorporated under the authority of New
Y ork, Pennsylvania, Ohio, Michigan, Indiana, Illi­
nois and Iowa which has paid not less than 4 per cent
dividends for the past ten years, if such bonds are
secured by a first mortgage; also the notes of any citi­
zen of Massachusetts with above bonds as collateral.
In New Hampshire the Legislature which recently
adjourned made a number of different changes in th e
statute relating to the investments of the savings in ­
stitutions. In the first place Section 8 is amended so
as to add the Territory of Arizona to the legal list of
State and Territorial bonds which may be acquired.
As the section originally stood not exceeding 25 per
cent of the deposits could be invested in such State
and Territorial bonds. Now there appears to be nolimit as to that class. In Section 9 (the amendment
inadvertently designates this as Section 8 the same
as the other) the provision excluding bonds or notes
of counties of less than 10,000 inhabitants, or of cities,
towns, or other municipal corporations of less than
5.000 inhabitants, or of any school district of less than
1.000 inhabitants, is altered so as to exclude all school
districts of less than 2,000 inhabitants, and all cities,
towns, & c., of less than 20,000 inhabitants. Beside»
this the language is amended so that the prohibition
instead of applying to “ any of the foregoing States
[the States enumerated in the section preceding], or
Territories west of the Mississippi River except M in ­
nesota” is made applicable, simply and broadly, to “ any
of the foregoing States.” A t the same time the per­
centage which may be invested in this class is raised
from 20 per cent to 30 per cent. In the railroad in­
vestments, Section 16 is amended so that where be­
fore it was permissible to invest 10 per cent of the de­
posits in the stock of any railroad corporation, ex­
clusive of street railways, situated in whole or in pari
in New England, New Y ork , Pennsylvania, Ohio, In­
diana, Michigan and Illinois that has earned and paid
regular dividends of at least four per cent for five
years previous to such investment, now it is permissi­
ble to invest up to 20 per cent in such stocks.
In New Jersey a bill extending investments in mu­
nicipal securities so as to include the bonds of town­
ships and boroughs passed the Legislature in 1898,
but then failed to receive the approval of the Governor.
The current year greater success has attended the
effort, and a measure to that effect became a law by
Executive approval March 24 1899.

'
*

It

UNITED 3TATES,

April, 1899.

U n ited

States

D eb t

and

5

Its

H istory.

The following is a statement of the debt of the United States past and present. To add to its usefulness we give refer­
ences to the laws authorizing each of the issues of bonds outstanding to-day, and likewise, so far as we deem it needful, cita­
tions from those laws.
A ll our figures, except when otherwise noted, represent the status at the close o f business June 30 or the beginning of
business on July 1 o f each fiscal year. To conform to that feature and yet furnish information through which any reader
<san always have the data for a correct exhibit of the debt situation at any past or future day, and make an accurate com ­
parison w ith previous years, we present, F irst , the details as they stood at the close of the last fiscal year ending June 30
1898; S econd , the changes in those details since June 30 1898 down to A pril 1 1899; T h ir d , the items of interest-bearing
debt, & c.,- at the beginning o f each fiscal year since July 11876; F o u r th , we publish in the C h ronicle every m onth— usually
th e first or second Saturday— the full detailed Government statement of the debt as reported by the Treasurer on the last
day o f the previous month ; some months lack of space forces us to delay ihe publication to a later week.
W ith these data at his command, it would seem as if any inquirer could satisfy him self fully w ith reference to every
point whioh m ight become o f importance for him to know respecting the United States debt.
INTEREST-BEARING DEBT OUTSTANDING JUNE 30 1898.
Title o f Loan.

Authorizing Act.

Rate.

Funded loan of 1891.. July 14,’70, & Jan. 20,’7 1 1
Funded loan o f 1907..'July 14,’70, & Jan. 20,’71..
Refunding certificates February 26,1879...............
Loan of 1904...............'January 14 1875...................
Loan o f 1925............. (January 14 1875...................

When
Interest
Redeemable. Payable.

Amount Issued.

Registered.

■Outstaiiding
Ooupon.

Total.

4*2 percent
Cont’d®2%
4 percent..
4 per cent..
5 percent..
4 per cent..

\ Option U.8. M,J,S&D. (4*28) $250,000,000 $25,364,500
$25,364,500
July 1,1907. J,A,J& O.
740.907.400 490,847,750 $68,798,300 559,646,050
J.A.J&O.
40,012,750
41,520
Feb. 1,1904. F,M,A&N
100,000,000 65,755,950 34,244,050 100,000,000
Feb. 1,1925. F,M,A&N
162.315.400 111,051,900 51,263,500 162,315,400
A gg’ate o f interest-bearing debt, excl. of U. S. bonds issued to Pac. RRs., as stated below
1,293,235,550 693,020,100 154,305,850 847,367,470
DEBT ON WHICH INTEREST HAS CEASED JUNE 30 1898.
Funded loan of 1891, matured September 2 1891..................................................................................................................................... .
Old debt matured at various dates prior to Jan. 1, ’ 61,and other items of debt matured at various dates subsequent to Jan. i , ’ 61!!
Aggregate June 30 1898 of debt on whioh interest has ceased since maturity.

$130,400 00
1,132,280 26
$1,262,680 26

DEBT BEARING NO INTEREST JUNE 30 1898.
Authorising Act.
United States n otes. . . .
D id demand notes........
National Bank notes:
Redemption account.
Fractional currency....

Feb. 25 1862; July 111862; March 3 1863...........................................................................
July 17 1861; Feb. 12 1862..............................................
July 14 1890 ......................................................................................................
July 17, ’62; Mar. 3, ’63; June 30, ’ 64, $15,260,686 14; less $8,375,934 estim’d as fost or destroyed.
Act of June 2 1 .’7 9....................................................................................

Aggregate June 30 1898 of debt bearing no interest.................................................

$346,681,016 00
53,997 50
30,493,147 00
6,884,752 14
$384,112,912 64

The foregoing shows that the Government debt on June 30 1898 was made up of (1) interest-bearing debt, $847,367,470, o f
(2) debt on which interest has ceased, $1,262,680 26, of (3) debt bearing no interest, $384,112,912 64, making total gross debt,
-$1,232,743,062 90 ; subtracting from the total the net cash balance in the Treasury ($205,657,570 76) at the same date (June*
80 1898) we have the net debt as it stood at the close o f the last fiscal year, $1,027,085,492 14. To bring down the interestbearing debt to April 1 1899— which, as stated, was $847,367,470 on June 30 1898— we must include the $198,406,000 war
bonds (Loan of 1918) already issued, add to the Funded Loan of 1907 $4,450 and deduct from the Refunding Certificates
$2,630 (a net addition of $198,407,820 to reach the total o f the interest-bearing debt April 1 1899, which was $1,045,775,290).
For later and fu tu re details o f the debt, see the same as issued every m onth in the C h ron icle , the first or a later Saturday.
W e now add, first, references to and citations from the laws which are the authority for the debt as it stands to -d a y ; second
th e tw o tables on the next page, which exhibit all the particulars of the total debt of the United States on June 30 o f each
year from 1876 to 1898, both years inclusive ; third, the Pacific Railroad bonds; and fou rth , the Cherokee certificates o f
indebtedness; the last two olasses o f debt are never included in the Treasury debt statements.
“ FUNDED LOAN OF 1 8 9 1 ” (Column 1) 4 ^ per cents, continued at 2 per cent. The bonds of this issue still outstanding were issued in
■exohange for the 4*2 per cent funded loan o f 1891 by mutual agreement between the Secretary of the Treasury and the holders, and were made
redeemable at the pleasure of the Government. Amount issued was $25,364,500 and they are all outstanding to-day.
“ FUNDED LOAN OF 1 9 0 7 ” (Column 2) 4 per cents. The act of July 14,1870, authorized the issue of 1,000 million dollars of bonds at 4
per oent, payable in coin of the present standard value, at the pleasure of the United States after thirty years; these bonds to be exempt from all
'taxes or duties of the United States, as well as from taxation in any form by or under Státe, municipal or local authority. Bonds to be sold at
par in ooin’ an<1 Procee<ls to be applied to the redemption of outstanding 5-20s, par for par. Outstanding (April 1 1899)
$559)650)500«
*
“ REFUNDING CERTIFICATES” (Column 3).—Act of February 26 1879 authorized the Secretary of the Treasury to issue in exchange
fo r lawful money of the United States certificates o f deposit of the denomination o f ten dollars, bearing interest at the rate of 4 per cent and
convertible at any time, with accrued interest, into the 4 per cent bonds described in the Refunding a ct; the money so received to be applied
only to the payment of the bonds bearing interest at a rate not less than 5 per cent. On March 12 1879 the issue of these certificates and their
exohange into 4 per cent bonds were authorized; the certificates were to draw 4 per cent interest from April 1 1879 and were convertio e in
sums o f $50 or its multiples. The amount issued at the close of the fiscal year (June 30 1879) was $39,308,110, but they had been converted
so rapidly that there were outstanding at that date only $12,848,210. On October 31 1879 the entire authorization had been reached the
maximum amount of the issue being $40,012,750. Of these there were still outstanding on April 11899 a total of $38,890.
“ LOAN OF 1 9 0 4.” —(Column 4.) The act of January 14 1875 authorizes the Secretary of the Treasury to use any surplus revenues from
tim e to time in the Treasury not otherwise appropriated, and to issue, sell, dispose of, at not less than par in coin, either of the descriptions
o f bonds o f the United States described in the act of July 14 1870 for the purpose of redeeming on and after January 1 1879 in coin at
the office of the Assistant Treasurer of the United States at New York, the outstanding legal-tender notes when presented in sums o f not íess
than fifty dollars. Under this authorization, and for the purpose mentioned, there were issued in February, 1894, payable in 10 vears $50 o o o 000 ° i A £ ™ oeilts and 111 Novomber 1894 there were issued $50,000,000 more for similar bonds for the same purpose. There are now’ outs tancfin g $100,000,000.
^
LOAN OF 1 9 2 5 .” —(Column 5.) Sales of bonds included under this designation were effected (1) in February 1895 to the amount o f
$62,315,400 and (2) in February 1896 to the amount of $100,000,000. In a message to Congress under date of February 8.1895 (published in
the Chronicle February 9 1895, page 244), President Cleveland stated that “ in pursuance o f Section 3700 of the Revised Statues the details
o f an arrangement have this day been concluded whereby bonds of the United States authorized under the act of July 14 1875, payable in coin
thirty years after their date, with interest at the rate of 4 per cent per annum, to the amount of a little less than $62,400,000 are to be issued for
the purchase of gold coin amounting to a sum slightly in excess of $65,000,000, to be delivered to the Treasury of the United States whicu
sum added to the gold now held in our reserve w ill so restore such reserve as to make it amount to something more than $100 000 000’ Such
a premium is to be allowed to the Government upon the bonds as to fix the rate of interest upon the amount of gold realized at 3% per cent per
annum. A t least one-half of the gold to be obtained is to be supplied from abroad.” Section 3700 of the Revised Statutes is as follows •
v
“ Sec. 3700. The Secretary of the Treasury may purchase coin with any of the bonds or notes o f the United States authorized bv law at snoh
rates and upon suoh terms as he may deem most advantageous to the public interest.”
J
For a construction of the “ Refunding Act of 1870” and of the “ Resumption A ct of 1875,” see Chronicle , February 18 1893 page 265
The issue in February 1896 was an ordinary offering, open to all bidders, of $100,000,000 of the same bonds as the foregoing—same in
date, same in time of maturity, same in rate of interest and time o f interest payments. Consequently both issues are oalled the ‘ ‘Loan of 1 025 *»
0 f whioh there are outstanding $162,315.400.
’
“ T E N -T W E N TIE S OF 1 8 9 8 .” —(Column 7.) The bonds included under this head are an issue of $200,000,0003 per cents. They were
■authorized by Act of June 13 le98, and are known as the “ War loan.” The law provided that in allotting said bonds the individual subscrip­
tions of the lowest amount must be first allotted. On the day the A ct was signed a Treasury oiroular was issued (see circular in Chronicle of
June 18 1898, page 1168,) inviting subscriptions for 32 days, from June 13 to July 14, for the amount of bonds stated, in both ooupon and regístered form. OOllHOTlR in OATIOTYiInation ft o f 5R‘2ft SRIno SSno arid S1 .OOO «.nd rAndatAPAd 1n dABATnlnaHnna
aamn
ni«JT me aaa
j
and the amount now outstanding (Aprii 1 1899) is $198,406,000.




STATE AND CITY SUfftEWENT,

6

Voi. L X VII I

In April, 1895, we gave a table showing the debt of the United States on the first day of July 1856, and every subsequen t
year. It is not necessary to repeat all those figures. W e have determined on this occasion to begin our statem ent w ith
1876, as that year antedates all of the issues now outstanding, and yet carries the record sufficiently far back to show th e
nature and extent of the Government securities when the latest refunding operations began. It has the advantage, too, of
giving separate and distinct each issue of bonds now outstanding. The statement is subjoined.
PRINCIPAL OP THE PUBLIC DEBT OP THE UNITED STATES PROM JULY 1 1876 TO APRIL 1 1899.
Y ear .

4.
1.
9.
“ Loan o f
“ Funded Loan ' Funded Loan " Refunding
“ Loan o f ‘ Navy Pension Old 6s and 7s
Total
Certifícales,” 1904,” 5 Per 1925,” 4 Per
o f 1907,” 4
o f 1891,” 4^2 P.
Converted into Interest-Beari ng
Fund,” 3
4 Per Gents.
Gents.
0. Oontin'd at 2.
Per Gents.
Debt.
Gents.
Per Gents. 4 and 4 ^ P. Ots.

$

$
1,696,685,450
000 00
1.557,888,500
000 00
1,441,885,650
000 00
000 00792,121,700
000 00720,645,300

688,800 00
465.050 00
355,900 001
290,000 00
240,600 00

14.000.
14.000.
14.000.
14.000.
14.000.

000 00636,219,950 1,639,567,750 00
000 001460,461,050 1,463,810,400 00
5 132,082,600 ) 1,338,229,150 00
000 00
\t304204350(
000 001224,612,150 1,226,563,850 00
000 00tl94,190,500 1,196,150,950 00

207,800 00
175,270 00
138.050 00
119,640 00
103,860 00

14.000.
000 001144,046,600
119,716,500
14.000. 000 00
14.000.
000 00
14.000.
000 00
14.000.000 00

140.000.
240.000.
250.000.
250.000.

Maximum
issue was
000 00
000 0« 98,850,000 00 40,012,750 00
12,848,210
00
000 00728,673,790 00
000 00737,980,800 00 1,367,000 00

1881
1882
1883
1884
1885

250.000.
250.000.
250.000.
250.000.
250.000.

000 00738.659.000 00
000 00738.884.300 00
000 00737.586.300 00
000 00737.661.700 00
000 00737.719.850 00

1886
1887
1888
1889
1890

250.000. 000 00737.759.700 00
250.000. 000 00737,800,580 00
222,207,050 00 714.177.400 00
139,639,000 00 676,095,350 00
109,015,750 00 602.193.500 00

1891
1892
1893
1894
1895

50,869,200
25.364.500
25.364.500
25.364.500
25.364.500

00
00
00
00
00

1896 .......................
25.364.500 00
1897 .......................
25.364.500 00
1898
.............. 25.364.500 00
1899, April 1
25.364.500 00
Í Continued at 3*2 per cent.

Y ear .

559.566.000 00
559,581,250 00
559,604,150 00
559.618.400 00
559,625,750 00

93,920
83,580
68,450
58,990
54,110

00
00
00
00 50,000,000
00 100 , 000,000

11.
Debt bearing no
Interest.

1.146.014.100
1,021,692,350
950,522,500
829,853,990
725,313,110

12.
Outstanding Princi oat.

00
00
00
00
00

00
00
00
00
00

610,529,120 00
585,029,330 00
585,037,100 00
635.041.890 00
716,202,060 00

uLoan o f
1918”
(War Bonds),
31,157,700 3 Per Gents.

559.636.850 00
47,140 00 100,000,000 162.315.400
559,640,100 00
45,130 00 100, 000,000 162.315.400
559,646,050 00
41,520 00 100.000. 0'to162.315.400
559.650.500 00
38.890 00 100. 000 . 001 » 162.315.400 198.406,000
t Continued at 3 per cent.
PUBLIC DEBT OF THE UNITED STATES, Etc. <Oonti-ued.)

10.
D bt on which Interest has ceased.

$
1,710,685,450
1,711,888,500
1,794,735,650
1,797,643,700
1.723.993.100

14.000.
14.000.
14.000.
14.000.
14.000.

1876, July 1
...
1877
1878 ............
1879
...
1880
...

847.363.890 00
847,365,130 00
847,367,470 00
1,045,775,290 00

15.
14.
13.
Gash in the Ireos- lo tal Debt less Gash Annual Interes
Charge!
ury July 1
in Treasury

1876 July 1.
1877.
1878.
1879.
1880.

$3,902,420
16.648,860
5,594,560
37,015,630
7,621,455

26
26
26
26
26

$437,125,796
435,191,431
363,231,082
362,150,091
353,826,945

89
84
27
78
37

$2,151,713,667
2,163,728,792
2,163,561,292
2,196,809,422
2,085,441,500

15
10
53
04
63

$90,788,326
144,453,360
164,179,012
200,394,517
166,114,752

70
73
08
01
88

$2,060,925,340
2,019,275,431
1,999,382,280
1,996,414,905
1,919,326,747

45
37
45
03
75

$96,104,269
93,160,643
94,654,472
83,773,778
79,633,981

00
50
50
50
00

1881.
1882.
1883.
1884.
1885.

1,723,865
16.260,805
7,831,415
19,656,205
4,100,995

26
26
26
26
26

353,847,504
353,787,958
353,740,691
353,719,517
353,603,141

32
77
81
31
88

2,000,139,119
1,833,859,164
1,699,801,257
1,599,939,572
1,553,955,087

58
03
07
57
14

180,488,965 3 158,835,689 7.3
161,019,431 92
161,396,577 18
178,602,643 23

1,819,650,154
1,675,023,474
1,538,781,825
1,438,542,995
1,375,352,443

23
25
15
39
91

75,018,695
57,360,110
51,436,709
47,926,432
47,014,133

50
75
50
50
00

1886.
1887.
1888.
1889.
1890.

9,704,445
6,115,165
2,496,095
1,911,485
1,815,805

26
26
26
26
26

397,692,548
353,685,110
353,660,467
353,654,148
353,648,559

52
37
32
97
47

1,509,411,093
1,381,492,625
1,306,679,062
1,185,419,624
1,080,777,474

78
63
58
23
73

227,265,253
206,323,950
243,674,167
209,479,874
189,993,104

34
21
85
01
20

1,282,145,840
1,175,168,675
1,063,004,894
975,939,750
890,784,370

44
42
73
22
53

45,510,098
41,786,529
38,991,935
33,752,354
29,417,603

00
50
25
60
15

1891.
1892.
1893.
1894.
1895.

1,614,705
2,785,875
2,094,060
1,851,240
1,721,590

26
26
26
26
26

393,662,735
380,403,635
374,300,605
380,004,686
378,989,469

35
37
87
42
99

1,005,806,560
968,218,840
961,431,766
1,016,897,816
1,096,913,120

61
63
13
68
25

153,893,808
126,692,377
122,462,290
117,584,436
195,240,153

83
03
38
13
51

851,912,751
841,526,463
838,969,475
899,313,380
901,672,966

78
60
75
55
74

23,615,735 80
22,893,883 20
22,894,194 00
25,394,385 60
29.140,782 40

.....
1896
1,636,890 26
955,297,253 70
373,728,570 14
267,432,096 70
34,387,265 6 o
1,222,729,350 40
1,346,880 26
1897
.....
378,081,702 64
986,656,086 14
34,387,315 2 o
240,137,626 76
1,226,793.712 90
1,262,680 26
1898
384,112,912 64
1,027,085,492
14
205,657,570 76
1,232,743,062 90
34,387,408 8o
1899, April 1.
1,219,420 2«
284,043,163 75
1,149,505,562 67
386, '54.016 16
1,433,548,726 42
40.339,661 6 o
N ote 1.—The annual interest charge is computed upon the amount of outstanding principal at the close of the fisoal year, exotpt in the case
o f April 1, for which the total is of that date, and is exclusive of Interest charge on Paoifio Railway bonds.
N ote 2.—The figures for July 1 1879 were made up assuming pending funding operations to have been completed.
P acific R ailro ad D ebt . — Two other classes o f bonded debt must be referred to which have never been included in th e ,
total o f Government debt — we mean the Pacific Railroad debt and the Cherokee certificates o f indebtedness. To show the
situation o f these two classes of bonds we have to make compilations o f our own, as the Treasury form comes short o f
indicating the existing situation. First we bring together the details respecting the issues to the Pacifio Railroads,
giving likewise in the statement the debt already paid and the balance due to the Government.
BONDS ISSUED TO PACIFIC RAILROADS—THEIR STATUS APRIL 1 1899.
Hailroad Liability.
Name o f Railway.

Bonds
Issued by
Government.

Net Interest
Paid by
Government.

Repaid by Oomranies.
Through
Sinking Fund.

Settlement with
Government.

Total.

9,100,452 55

53,389,052 74
*12,910,458 34
58,448,223 75

82,489,50' 29
12,910,458 34
58,448,223 75

5,423,662 86

5,423,662 86

64,623,512 00 82.632,434 11 147,255,946 11
9,100,452 55 130,171 397 69
Government accepted principal of bonds—$6,303,000—in full payment of all indebtedness,

139,271,850 24

$
Central Pacific........
25,885,120 00
Kansas Pacifio........
6.303.000 00
Union Pacific..........
27,236,512 00
Cent’l Branch, Un. Pacific 1.600.000 00
Western Pacific.......
1,970,560 00
Sioux City & Pacifio
1,628,320 00

$
36,604,385
6,607,458
31,211,711
2,163,173
3,453,102
2,592,601

29
34
75
90
86
97

Total.
$
62,489,505
12,910,458
58,448,223
3,763,173
5,423,662
4,220,921

29
34
75
90
86
97

Balance Due
United States.

3,763,173 90
4,220,921 97
7,984,095 87

Union
settlement agreement or D'eD. l , 1899, twenty notes of the Central Paoifio Railroad Company _______________ — _________ I ----- — ____________
States, aggregating $58,812,715 60, whioh a mount represented the unpaid balance of the total indebtedness of the Central Pacific and Western
Pacific Railroad companies to the United States on Feb. 1,1899. On March 10,1899, in pursuance of agreement, the first four of said notes,
aggregating $11,762,543 12 (with accrued interest amounting to $35,771 02) were transferred in consideration of a full cash payment into the
Treasury of the principal and interest thereon, leaving the balance unpaid March 31, 1891, $47,050,172 48,. and accrued interest, less
transportation earnings.

C herokee C ertificates of I ndebtedness .— The other item of debt not mentioned in the debt statement is the
Cherokee four per cent certificates. The indebtedness upon which these certificates were issued grew out of the purchase
(see A ct making appropriations, etc., for Indian tribes passed March 3, 1893,) from the Cherokee Indians of certain lands
known as the Cherokee Outlet, the Government agreeing to pay therefor $8,300,000, in five equal annual instalments, the
first payment to fall due March 4,1895. ■ It was likewise provided that the Cherokee Indians m ight realize upon the princi­
pal and interest of the last four annual instalments in case they should deem it more advantageous, etc. Ia pursuance of
the authority thus granted these Certificates of Indebtedness were issued, $1,660,000 being payable M arch 4 1896, 1897, 1898
and 1899
O f these certificates the last instalment—$1,660,000— was paid March 4 1899, so that now n o portion of the Cher­
okee Certificates is outstanding.




Debts and Resources
OF

THE

HICvT

N E W ENGLAND.
IN D E X FOR THE N E W ENGLAND STATES, CITIES, Etc.
M A IN E —State, Cities, & c ........................................ Pages

7 to 10

M A S S A C H U S E T T S -S ta te, Cities, «fee..

N E W H A M P SH IR E —State, Cities, & c ............. Pages 10 to 13

RH ODE IS L A N D — State, Cities, & c .. . .

.Pages 31 to 83

VER M O NT— State, Cities, & c ................................ Pages 13 to 15

CONN ECTICU T—State, Cities, & c...........

.Pages 33 to 38

State of Maine.
ITS

D E B T , R E SO U R C ES, E tc.
Admitted as a State (A ct March 3, 1820)
March 15,1820
Total area of State (square miles)
33,040
State Capital
_
Augusta
Goyernor(term expires 1st W ed. Jan., 1901), Llewellyn Powers
Secretary of State (term expires *Jan., 1901), - Byron Boyd
Treasurer (term expires *Jan., 1901), Francis M. Simpson
Legislature meets biennially in odd years on the first Wednes­
day in January, and there is no limit to length of sessions.

.Pages 15 to 31

the crisis of 1873. In the States where these limitations are provisions
of the Constitution of course debts contracted in excess of suoh lim ita­
tion are absolutely void. In Maine the amendment to the Constitution
took effect January 2,1878, and is in the following form and w ords:
“ Article X X II. Limitation of Municipal Indebtedness. No oity or town
“ shall create any debt or liability which, singly or in the aggregate,
“ with previous debts or liabilities, shall exceed five per centum o f the
“ last regular valuation of said city or tow n ; provided, however, that
“ the adoption of this article shall not be oonstrued as applying to any
“ fund received in trust by the said city or town, nor to any loan for the
“ purpose of renewing existing loans, or for war, or to temporary loans
“ to be paid out of money raised by taxation during the year in which
“ they are made.”
SAVINGS BANKS’ IN V E S T M E N T S -P O W E R S AND RESTRIC­
T IO N S .—The provisions regulating the investments and loans of sav­

ings banks and institutions for savings in the State of Maine are con­
tained in Public Laws 1895, Chapter 161, Public Laws 1893, Chapter
170, and Revised Statutes, Chapter 47, Sections 102 and 103.
* Is chosen by Legislature.
All the provisions referred to above have been compiled by the Com­
missioners of Savings Banks, and we give their compilation below in
H ISTO R Y OF D E B T . —For history of Maine State debt up to full.
1889, see State and Oit t S upplement of April, 1895, page 9.
Maine Savings banks and institutions for savings are restricted to
The whole State debt matured in June and October, 1889, and all and hereafter may invest their deposits in manner following, to wit:
P u b l i c F u n d * .—Aggregate o f Investments Unlimited.—
that was not paid was refunded into the following loans, payable by
Public funds o f the United States.
instalments, part each year.
Public funds of the District of Columbia.
Public funds of any o f the New England States.
LOANS —
>— Interest.— . ,----------------Outstand’g.------------- .
Bonds of the cities, counties and towns of any of the New England
NAME AND PURPOSE. Bate. Payable. __
When Due.
Principal.
States.
Reissue Loan, 1889 “ A.” 3 J & D <June 1, 1899-1901
$99,000
Public funds of the States of New York, Pennsylvania, Maryland,
Original, 1864.
\ $33,000 yearly. (
Ohio, Indiana, Kentucky, Michigan, Wisconsin, Minnesota, Iowa, Illi­
n J June 1, 1902-1911)
Do
Class “ B.” 3 J
500.000
nois,
Missouri, Kansas and Nebraska.
® u X $50,000 yearly. {
Bonds of counties of twenty thousand inhabitants or more in said
June 1, 1912-1921)
Do
Class “ C.” 3 J &
500.000
last-named
States, when issued for municipal purposes aud which are
$50,000 yearly. >
a direct obligation on all the taxable property therein, except when
t s. rv 5 June 1, 1922-1929)
Do
Class ‘ D.’
280.000
Issued
in
aid
of railroads, provided the net municipal indebtedness of
d ® u l $35,000 yearly. (
such county does not exceed live per cent of the last valuation of the
Reissue Loan, 1889 ‘ A.'
A & O 5 Oct. 1,1899 to 1901)
51.000
property
therein
for the assessment of taxes.
Original, 1869.
) $17,000 yearly. 5
For meaning o f “ net municipal indebtedness o f counties” see memo­
Do
Class “ B,” 3 A Ar n 5 Oct. 1,1902 to 1911)
200,000
randa
“
A.”
A ® u l $20,000 yearly. $
Bonds of any city of ten thousand inhabitants or more in said lastDo
Class “ C.” 3 A Ar O ) Oot- 1.1912 to 1921)
280,000 named States, when issued for municipal purposes and which are a
W
$28,000 yearly. (
direct obligation on all the taxable property therein, except when issued
r»
<
Oct.
1,1922
to
1929
)
Do
Class “ D.” 3 A &
24.000 in aid of railroads, provided the net municipal indebtedness of such
w(
$3,000 yearly. J
does not exceed five per cent of the last preceding valuation of
Bonds to State College..
& D June 1,1919
118,300 oities
Do
do
do
& J July 1,1917
100,000 the property therein for the assessment of taxes.
For
o f “ net municipal indebtedness o f cities” see memo­
Bond to Insane Hospital.
_
50.000 randa meaning
& J July 1,1917
“ B.”
Loan of 1869, not presented for payment
700
Bonds
of
the
above-described
oities and counties issued to take up at
Temporary war loan, 1899
150,000 maturity bonds that were legal
and constitutional when issued, p ro ­
PAR VALUE.—The bonds are chiefly for $1,000 or multiples.
viding the interest has been fully paid on the original bends for at least
flve years last prior to such refunding, provided the net municipal in­
INTEREST is payable at the State Treasury, Augusta, Me.
T O T A L DEBT. —The subjoined statement shows Maine’s total fund­ debtedness of such cities and counties does not exceed five per cent of
the last preceding valuation of the property therein for the assessment
ed debt on each of the dates named. On January 1,1899, the total re­ of taxes.
sources of the State amounted to $1,235,615 12.
Bonds and obligations of School District Boards, Boards of Educa­
tion and other corporate bodies within said cities authorized to iaeue
„
. . . ^
Jan. 1,99. Jan. 1, ’98. Jan. 1, ’ 97. Jan. 1 ,’96.
bonds payable primarily from taxes levied on all the taxable property
Bonded debt.............. $2,203,000 $2,253,000 $2,303,000 $2,353,000
in such districts, provided the population of the district is ten thou­
Temporary loan..........
150,000
200,000
Nil.
Nil.
sand or more and the population and assessed valuation of the district
ASSESSED VALUATION . —Valuationsare taken only in even years- are equal to at least ninety per cent of the population and assessed
_
'----------- 7---- Assessed Valuation.------------------ , State tax valuation of the city itself, provided the net municipal indebtedness
of such district does not exceed flve per cent of the last valuation of
tooo®’
Beal.
Personal.
Total.
per $1.000
the property therein for the assessment of taxes.
J898................ $260,841,021
$68,675,223 $329,516,244^ $2-75
For meaning of “ net municipal indebtedness o f districts” see mem­
1S?6................ 257,389,047
71,111,947
328,500,994
2*25
1894 ............. 249,629,509
oranda “ B.”
74,848,812
324,478,321
2-50
1892............... 236,135,199
Bonds of cities and districts in said States having a population of
78,194,982
314,330,181
2*75
POPULATION OF S T A T E .—The following statement shows the seventy-five thousand or more, when issued for municipal purposes
and which are a direct obligation on all the taxable property therein.
population by Census periods since 1790:
R a i l r o a d R o n d » .—Aggregate o f Investments Unlimited.—
1890................661,086 I 1850.................583.169 1810.........
Railroad bonds of Maine; but no bonds of street railroads excepting
228,705
1880................648,936 1840............... 501 793 1800.................151,719 those already constructed in this State shall be purchased unless an
1870................626,915 1830.................390,455 1790................ 96,540 amount of capital stock equal to thirty-three and one-third per cent o f
I 8 6 0 ................628,279 |1820.................298^269
the mortgage debt shall have been paid in, in cash, and expended upon
DEBT LIM ITATIONS.—Constitutional and statutory limitations the road, evidenced by a certificate of the Railroad Commissioners, filed
In the office of the Secretary o f State, that said percentage has been so
restricting municipal indebtedness have become quite afeature since paid in and expended, in addition to the amount of the bonded debt.




8

STATE AW® CITY SUffiEMEWT,

First mortgage bonds of any completed railroad in New Hampshire,
Vermont, Massachusetts, Rhode Island, Connecticut, New York, New
Jersey, Pennsylvania, Maryland, Ohio, Indiana, Kentucky, Michigan,
Wisconsin, Minnesota, Iowa, Illinois, Missouri, Kansas and Nebraska;
but no bonds o f street railroads shall be purchased unless an amount
o f capital stock equal to thirty-three and one-third per cent of the
mortgage debt shall have been paid in, in cash, and expended upon
the road, evidenced by a certificate of the railroad commissioners of
the State where the road is located, filed in the office of the Secretary
of State of Maine, that said percentage has been so paid in and ex­
pended, in addition to the amount of the bonded debt.
First mortgage bonds of the Central Pacific, Union Pacific and
Northern Pacific railroads.
_
Mortgage bonds of any railroad leased to any dividend-paying rail­
road in New England, upon terms guaranteeing the payment o f a reg­
ular stated dividend upon the stock of such leased road and the inter­
est on its bonds.
W a t e r H o n d a .—Aggregate o f Investments Unlimited.—
Mortgage bonds of any water company in this State and New Hamp­
shire actually engaged in supplying to any city or cities, town or
towns, village or villages, or other municipal corporations, water for
domestic use and for the extinguishment of fires, whenever such com­
pany is earning more than its fixed charges, interest on its debts and
Its running expenses.
.
C o r p o r a t io n B o n Am.—Aggregate o f Investments Unlimited.
Bonds of any corporation (other than railroads and water compa­
nies) incorporated under authority of this State, which earns and is
paying regular dividends of not less than five per cent a year.
B a n k N to ck .—Aggregate o f Investments Unlimited.—
Stock of any bank or banking association incorporated under au­
thority of this State.
Holdings o f the capital stock o f any one bank limited. See mem­
oranda “ E.”
Stock of any bank or banking association incorporated under au­
thority of the United States, if located within the New England States.
Holdings o f the capital stock o f any one bank limited. See mem­
oranda “ E.”
R a i l r o a d S t o c k .—Aggregate o f Investments Unlimited.—
Stock of any railroad in Maine unencumbered by mortgage.

F.
From Chapter 165, Public Laws, 1889.
The trustees shall see to the proper investment of deposits and fundso f the corporation in the manner hereinbefore prescribed.
G.
, '
...............No loans shall be made directly or indirectly to any officer of
the corporation or to any firm of which such officer is a#nember.
H.
From Chapter 47, Section 105, Revised Statutes.
Officers Not to Receive Gift, Fee, die.—No gift, fee, commission or
brokerage shall be received by any officer of a savings bank on ac­
count of any transaction to which the bank is a party under a pen­
alty for each offence o f one hundred dollars, to be recovered in an ac­
tion o f debt in the name and to the use o f the State, provided that
nothing herein contained applies to any expense of examining titles
and making conveyances upon loans made by savings banks.
Expense o f Making Loans.—Parties making a loan from a savings
bank shall pay all expenses iDcurred by reason thereof.
Irom Chapter 47, Section 131, Revised Statutes.
Does Not Affect Investments Already Made.—But nothing herein
affects the legality of investments already made............... And said
securities are valid in favor of the bank pursuant to any law in fo rce
when such investments were made.
K.
Change o f Investments.—And this chapter does not require the
change of investments for those hereinbefore named, except as
the same can be done gradually by the sale or redemption o f the se­
curities so invested in, in such manner as to prevent loss or embar­
rassment in the business of such corporation or unnecessary loss or
ipjury to the borrowers on such securities.
L*
Investing in Securities Not Authorised, a Misdemeanor.—The invest­
ments in securities not named in section 100 is a misdemeanor on thepart of the trustees authorizing or officers making the same, and such
trustees or officers are subject to the prosecutions and punishment»prescribed by law for that offense.

Holdings o f the capital stock o f any one corporation limited. See
memoranda “ E.”
Stock of any dividend-paying railroad in New England.
Holding m o f the capital stock o f any one corporation limited. See
memoranda “ E.”
Stock of any railroad leased to any dividend-paying railroad in New
England, upon terms guaranteeing the payment of a regular stated
dividend upon the stock of such leased road and the interest on its
bonds.
„
, _
Holdings o f the capital stock o f any one corporation limited. See
memoranda “ E.”
C o r p o r a t io n S t o c k .—Aggregate o f Investments Unlimited.
Stocks of any corporation (other than railroads and water compa­
nies) incorporated under authority of this State, which earns and is
paying regular dividends of not less than live per cent a year.
Holdings o f the capital stock o f any one corporation limited. See
memoranda “ E.”
R e a l B a ta te I n v e s t m e n t .—Voi Exceeding Five Per vent o f Dewsits.—Real Estate in the city or town in which such bank or instituion is located.
R e a l B a ta te F o r e c l o s u r e .—Holdings Acquired by Foreclosure,
die.. Unlimited.—Real estate acquired by foreclosure of mortgage
thereon or upon judgment for debts or in settlements to secure debts.
L o a n « o n R e a l B a ta te .—Not Exceeding Fifty Per Gent o f Deposits.
—First mortgages of real estate in this State and New Hampshire to
an amount not exceeding sixty per cent of its value.
L o a n « o n C o lla t e r a l.—Aggregate o f Investments Unlimited.
Notes with a pledge as collateral of any public funds or bonds of any
kind the bank or institution would by this statute be authorized to
purchase
Notes with a pledge as collateral of any stocks the bank or institu­
tion would by this statute be authorized to purchase.
Holdings o f the capital slock o f any one corporation limited. See
memoranda “ E.”
L o a m o n D e p o s it B o o k s . —A ggregate o f Investments Unlimited.
—Notes with a pledge as collateral of any savings bank-deposit book
or books of any savings bank in this State.
L o a n s o n R a i l r o a d M o c k .—Aggregate o f Investments Unlim­
ited.—Notes with a pledge as collateral of the stock of any railroad or
railroads mentioned in this section, but not over seventy-five per cent
o f the market value o f such stock.
Holdings o f the capital siook o f any one corporation limited. See
memoranda “ E.”
L o a n s t o m u n l c l p a l l t « s .—Aggregate o f Investments Unlimited.
—To any county, city or to * n m this State.
L o a n s o n O in e r P e r s o n a l P r o p e r t y .—Aggregate Unlimited.—
Notes secured by a pledge or mortgage o f such other personal prop­
erty as, in the judgment o f the trustees, it is safe and for the interest
o f the bank to accept.
L o a n s t o C o r p o r a t io n s I n M a in e .—Aggregate Unlimited.—To
any corporation having real estate and doing business in this State.
D e p o s it s I n B a n k s .—Aggregate Unlimited.—May deposit on call
in banks or banking associations incorporated under authority of this
State or the laws o f the United States and receive interest thereon.

f

MEMORANDA.
A.
From Chapter 161, Public Laws 1895.
...............The term net municipal indebtedness of counties, as used
in this section, shall be construed to include all bonds which are a
direct obligation o f the county, less the amount of any sinking fund
available in the reduction o f such debt.
B.
...............The term net municipal indebtedness of cities and districts,
as used in this section, shall be construed to include in the case of
either not only all bonds which are a direct obligation of the cities, but
also an bonds of the districts or boards within the same, as above
enumerated, exclusive of any such debt created for a water supply
and of the amount of any sinking fund available in the reduction of
such debt.
C.
...............The number of inhabitants of cities and counties shall be
determined by the last previous official census thereof, as established
by the United States or State census or city or county census taken in
the same manner as United States or State census and duly certified
to by the clerk or treasurer of such city or the auditor or treasurer of
stich county.
D.
.......
All investments shall be charged and entered on the boobs
o f the bank at their cost to the bank or at par when a premium is paid
E.
From Chapter 47, Section 102, Revised Statutes.
No such bank or institution shall hold by way of investment or as se­
curity for loans, or both, more than one-fifth of the capital stock of
any corporation, nor invest more than ten per cent of its deposits, not
exceeding sixty thousand dollars, in the capital stock of any corpora­
tion.




Vol. L XY I1I

Cities, Counties

and

T owns

IN THE

STATE

OF

M A IN E .

N ote .—For places not given in alphabetical order among the fol
lowing, se e iiAdditional Statem entsat end o f this State•

A R O O ST O O K

C O . — L. 0 . L udwig , Treas.

County seat is Houlton.
LOANS—
When Due.

Floating debt.......................$24,000
Total debt Aug. 1 ,1 8 9 8 .. 707,000
48, Aug., $30,000.......Aug. 1,1909 Sinking fund..................... 623,000
Subject to call after Aug. 1,1899 Net debt Aug. 1,1898....... 84,000
Interest is payable in Boston.
Court H ouse —
4s, J&D, $40,000.......June 1,1915 Tax valuation 1898... 17,702,695«
Assessment about *2 actual value.
R ailroad A id (B. & A. RR.).
4128, M&S, $440,000..Sept. 1,1912 Tax rate (per $1,000) 1897..$3*55
412s, J&J, 1 7 3 ,0 0 0 July 1,1915 Population in 1890 was...... 49,589
Bonded debt Aug. 1, ’ 98. .$683,000 Population 1897 (local est.) .60,000
B uilding J ail -

a T T R T T 'R 'N T
5 W. H. WIGGIN, Mayor.
-tt. u J3 CJ j -lln
^ E q EVELETH, Treasurer.
Auburn is in Androscoggin County.
City B onds- Cont’d.
LOANS—
When Due.
4s, J&J, $13,000..........July 1 ,1910
City B onds—
4s, J&J, $15,000.........July 1,1917 4s, J&J, 13,000......... July 1,1911
4,000......... Jan. 1,1912
4s, J&J,
15,000......July 1,1900 4s, J&J,
7,000......... July 1,1912
4s, J&J,
15,000......Jan. 1,1902 4s, J&J,
4s,
J&J,
16,000.........June
1,1923
4s, J&J,
25,000......July 2,1903
4s, J&J,
23,500......July 1,1904 4s. J&J, 14,500..........Jan. 1 ,1925
Cit y W ater B onds—
4s, J&J,
15,000......July 1,1905
os, J&J, $58,700......... July 1 , 190&
4s, J&J,
18,000....July 1,1906
4s, J&J,
10,000......July 1,1907 4s, J&J, 30,000.M ay20,1913
4s, J&J,
14,000......July 1,1909
T O T A L DEBT. Et c .—Auburn’s total bonded debt Jan. 1,1899,
not including the water debt, was $218,000; floating debt additional»
$105,000; sinking fund assets, $74,900; net debt, $248,100; ojty water
debt $58,700; Water Commissioners’ bonds outstanding, $226,000;
value of water works owned by the city, $500,000.
AQQpQQcn VALUATION.—In 1898 the assessed valuation o f real
esttrie ana personal property was $6,352,820; in 1892 it was $6,287»
460. Tax rate (per $1,000) for 1898 was $22*50.
POPULATION —In 1899 the population was about 12,000; in 1890
it was 11,253; in 1880 it was 9,556; in 1870 it was 6,166.

A U G U S T A — This city is in Kennebec County,
When Due. Bonded debt 1898............$226,853
Assessed valuation, real.5,155,445
Ass’ d valuat’n, personal.1,750,400
Total valuation 1898....6,905,854
R efunding B onds—
5s, F&A, $9,000___Feb. 15,1902 Tax rate (per M.) 1898....... $25*00
4s, J&J,
6,000...... July 1,1900 Population 1890................. 10,527
4s, F&A, 182,500..... Feb., ’97-’ 17
INTEREST and principal of all the 4 per cents payable at theMaverick National Bank of Boston, and of other bonds at City Treasury.
LOANSF unding B onds-

68, J&J, $74,500............1898-1905

-R A N f r O R __ 5 F. O. BEAL, Mayor.
.D E A lN L xv^ rY .
)H . O. PIERCE, Treasurer.
"Bangor (City) is in Penobscot County.
--------- Principal.----------- .
LOANS—
/— Interest.— When Due. Outstand'g.
NAME AND PURPOSE.
P. Ct. Payable.
Nov. 2,1912
$50,000
City debt “ A” 1892............... 4
M &N
Nov.
1,1914
100,000
do
“ X ” 1894............... 4
M &N
July 1,1905
500,000
Water loan, “ L,” 1875.......... 6
J & J
......................
206,691
Trust funds..................................
............
PAR VALUE OF BONDS.—The water bonds are for $500 and m ul­
tiples; others, $1,000.
T A X EX EM PT.—1
The bonds of this city are not taxed.
INTEREST is payable either at the Merchants’ National Bank in
Boston or by the City Treasurer in Bangor.
T O T A L DEBT, SINKING FUND, Et c —The subjoined statement
shows Bangor’s total debt, the sinking fund, etc.
April 1,1899. Mch. 1,1898.
Total direct liabilities (including water debt). $934,191
$914,476
Railroad aid bonds, contingent liability.............................
925,000
Total debt............. ......................................... $934,191

$1,839,476

Water debt, included in above t o t a l............. $500,000
Floating debt, included in above total............
77.500

$500,000
58,000

WMWÊ-GITIÉS a n © tow ns .

April, 1899.

ASSESSED VALUATION.—Bangor’ s assessed valuation (about 4-5
actual value) and tax rate have be>en as follow s:
Personal
Total
Rate o f Tax
Real
Property.
Valuation
Estate
per $1,000.
Years.
$4,095,170
$14,146,567
....$10,051,397
$25*00
1898.......
4,201,201
13,956,996
19*00
1897....... ....... 9,755,795
4,265,255
.......
9,217,902
13,483,157
21*50
1895.......
3,158,288
10,310,118
1890....... ....... 7,151,830
2,858,872
9,629,920
22*50
1887....... ....... 6,771,048
POPULATION. In 1890 the population was 19,103 ; in l8 8 0 it w a s
16,856 ; in 1870 it was 18,289 ; in 1899 it was estimated at 24,000.
i—, a m T t
) CHARLES E. HYDE, Mayor.
-L5A. 1 a t .— ( o . C. ROGERS, Treasurer.
Bath is a shire town of Sagadahoo County.
The lease of the Knox & Lincoln RR. in September, 1890, brought the
City of Bath $486,000 of 4 per cent bonds and $74,820 in cash.
LOANS,---- Interest.-----> .-------------Principal.-------------,
NAME AND PURPOSE. P. Ot. Payable.
When Due.
Outstand’g.
Municipal bonds............ 4*2 J & J
July
1,1907
$100,000
do
refunding. 4
J & J
f O p tfllb l^ ’ l i }
374,200
Old Ladies’ Home.......... 6
J & J
1908-1978
14,000
Railroad Aid Bonds—
Knox & Lincoln R R .. 6
J& J
July
1,1899
15,750
do
do
6
F& A
Feb.
1,1902
138,500
INTEREST on all the bonds is payable in Boston with the exception
o f the interest on the Old Ladies’ Home issue, which is payable in Bath.
T O T A L DEBT, SINKING FUND, E t c . -

Feb. 1, ’98.
Bonded debt.................$776,100
Floating debt............. 20,000

Feb. 1, ’97.
$856,350
10,000

Total debt............ ..$796,100
Assets (see below) — 376,800

$866,350
452,800

Jan. 1, ’96. Mar. 1,’ 95.
$864,600
$876,850
............
............
$864,600
460,800

$876,850
472,800

Net debt.................. $419,300
$413,550
$403,800
$404,050
The assets as above given included on Feb. 1,1898, bonds received
from the Penobscot Shore Line RR. Co. for lease of K nox & Lincoln RR.
and held for the redemption of the Knox & Lincoln bonds outstanding,
$372,000, and bonds and scrip of the Bath Gas & Electric Company to
the amount of $4,800. The value of city property not included in the
foregoing statement of assets is over $150,000.
ASSESSED VALUATION.—The city’s assessed valuation and tax
rate in 1880 and later years have been as follow s:
.---------------- Assessed Valuation.---------------- .
Total Tax
Tears.
Real.
Personal.
Total.
per $1,000.
$2,299,958
$5,802,048
$23*50
1898............... $3,502,090
1 8 9 7 ............... 3,503,010
2,376,340
5,879,350
22*50
1 8 9 0 ............... 2,925,770
3,102,594
6,028,364
23*50
1880................ 2,693,750
3,881,469
6,575,216
25*00
POPULATION.—In 1890 was 8,723; in 1880 it was 7,874.

B E L F A S T . —J ames Pattee, Treasurer.
Belfast is in Waldo County.
LOANSWhen Due.

Total debt Mar. 7,1898...$611,700
Tax valuation 1898...... $2,819,887
4s, M&N, $113.000...Nov. 1, 1925
Assessment about actual value.
Subject to call after Nov. 1,1905 Total tax (per $1,000) ’98..$18*50
R efunding B onds—
Population 1890.....................5,294
4s, F&A, $498,000..Aug. 15,1918 Population 1895.....................5,300
Belfast owns $500,000 of Belfast & Moosehead Railroad stock, of
whioh 1,396 shares were preferred and 3,604 common. *
INTEREST on the bonds is payable at Belfast and at the First
National Bank, Boston, Mass.
R efunding B onds—

B E T H E L . — This town is in
LOANSWhen Due.
4s, J&J, $30,000............ 1903-1932
($1,000 yearly on Jan. 1.)
Bonded debt Jan. 1,1898.$30,000
Floating debt..................... 5,760
Total debt Jan. 1 ,1 8 9 8 .... 35,760
Sinking fund assets............ 12,000
Net debt Jan. 1,1898........ 23,760
B ID D E F O R D . —Chas.
This city is in YorK County.
LOANS —
When Due.
4 i« s ,........,$2 5,0 0 0 ..May 1, 1900
4s............. .. 25,000..July L, 1901
4s, .......... 50,000..M ayl5, 1904
4s, .......... 50,000..May 1, 1905
4s, ........ . 10,000.. Sept. 1, 1906
4s, . . . . . . . 10,000..July 1, 1907
4s, .......... 25,000..May 1, 1915
4s, .......... 45,000..July 1 1917

O xford County.
Assessed valuation, real.$618,235
Assessed valuation, per’l. 184,198
Total valuation 1898....... 802,433
Assessed at about full value.
Tax rate (per $1,000) 1898.$18*50
Population in 1890 w as...... 2,209
Population in 1897 (est.)
2,200

A . Moody, Treasurer.
Temp’ry loan, Oct. 13,’99 $25,000
Bonded debtFeb. 1,1899 240,000
Floating debt.................. 172,300
Total debt Feb. 1,1 89 9 .. 412,800
Total valuation 1898___6,869,095
Assessment abt. 60% actual value.
Tax rate (per $1,000) 1898.. $27 00
Population in 1890 was...... 14,443
Population in 1899 (est.) ...16,000

B R U N S W I C K . — This town is in Cumberland County.
When Due. Various loans.................. $26,162
LOANSB kidge B ondsTown debtFeb. 1,1898 .
83,662
48, M&N,$500..........................1899 Total valuation 1898___ 3,371,094
T ow n H all B ondsAssessment about actual value.
48, J&J, $25,000............ 1899-1923 Taxrate (per $1,000) 1898..$16*00
School B ondsPopulation 1890..................... 6,012
48, J&J, $30,000............. 1899-1928
INTEREST on the bridge bonds is payable in Brunswick and on the
town hall and school bonds in Boston.

B U C K S P O R T .—

This town is in Hanoock County.
Tax valuation 1898,.......$925,654
Total tax (per $1,000)’98 ..$26 00
48, J&J, $107,900......... 1897-1933 Population in 1890 w as........2,921
Town debt 1898............$106,781
Population in 1880 w as........3,047
A certain amount of the above bonds becomes due each year from
July 1,1897, to July 1,1903, after which date the bonds are payable
at the pleasure of the town until July 1,1933.
INTEREST Is payable at Boston, Mass., and at Bucksport.
LOANS—
When Due.
R efunding RR. B onds-

C A L A IS .—Ohas.

INTEREST on the loans due In 1900 and 1911 Is payable at th«
Globe National Bank of B oston; other interest in Calais.

C A M D E N . — This town is in K nox County. Bonds taxfree.
Assessment at full value.
Bonded debt Feb. 6, ’99. $22,900
14,060 T axrate (per $1,000) ’98...$18*50
Floating debt ...............
Town debt 1898......
36,960
Population in 1890 w as........4,621
Tax valuation 1898.1,670,101
Population in 1898 (est.)...... 3,200
D E E R IN G . — This city

is in Cumberland County, In February, 1899, the city was annexed to the city of Portland,
Bond.
LOANS —
When Due.
| debt
‘ ■ f1898............ $158,049
Assessed val’tion, real. 4,081,520
H igh School B onds 48, ___, $20,000......................1919 Assessed val., personal. $644,482
Total valuation, 1898.. 4,726,002
IMPKOVEMENT BONDS—
4s, . . . . . $17,000........ .................... Tax rate (per$1,000) 1898..20*00
4s, J&D, 15,000........Dec. 1,1915 Population 1890.....................5,353

E L L S W O R T H . — This city is in Hancock County.
When Due. Total debt Jan. 1 ,1 8 9 8 .. $82,656
Uncollected taxes & cash. 24,144
Total valuation 1898.......1,822,402
Tax rate (per $1,000) '98...$24*00
Population in 1890 w as........ 4,804

LOANS—
W a r D ebt—

4s, ..... $28,000.
48, .. .. 13,300.
4 s ,.. .. 17,000..........
17,000.
June 1,1912
TT A T T
n A L .L U

(G . A. SAFFORD, Mayor.
l c . K. TILDEN, Treasurer.
When Due. Total debt Jan. 1,1 89 8 .. $70,000
Sinking fund....................
560
48, M&N, $5,000........ Nov. 1,1903 Net debt Jan. 1,1898___• 69,440
($1,000 due yearly) to Nov. 1,1907 Tax valuation 1898......... 1,485,201
4 s ,........ $20,000........ May 2,1918 Assessment same as aotual value.
R efunding 1893—
Total tax (per $1,000 )’9 8 ..$18*00
4s, M&N, $15,000.Nov., 1908 to ’22 Population 1890 was.............3,181
W ater B onds—
Population 1898 (est.)............3,500
4s, J&J, g., $50,000...Jan. 1,1918
The city owns property valued at $50,000.
INTEREST on tne $5,000 4 per cent school bonds and refunding
bonds is payable in Boston and H allow ell; on the $20,000 school
bonds, in Portland; on all others, in Hallowell.
W

7'tt' T T

rL.J_.J_,.—

LOANS—
School B onds-

H O U L T O N . —T hos. P. P utnam, Chrm. Selectmen.

This town is in Aroostook County.
LOANS —
When Due. Total debt Feb. 15,1899..$70,500
School and RR. B ondsSinking fund, cash, etc___ 20,000
48, J&D. $40,000 ....D ec. 15,1910 Net debt Feb. 15,1899....... 50,500
Subject to call at any time.
Assessed valuation, real.1,496,188
School , B ridges , T own Imp . B ds . Assess’d valuat’n, pers’l. 748,551
4s, A&O, $20,000.......Apr. 1,1917 Total valuation 1898___2,244,739
R efunding B ondsAssessm’t abo’t 75 p.c.actual value.
48, A&O, $10,000....... Oct. 1,1918 T axrate (per $1,000) ’ 98...$22*50
Bonded debt Feb.15,1899.$70,000 Population in 1890 w as.........4,015
Floating debt.....................
500 Population 1898 (estimated!.5,300

L E W I S T O N .—Chas.

0 . B enson, Treasurer.

Lewiston is in Androscoggin County^
When Due. ' ■ ■
Railroad A id B onds—
LOANSCit y B onds
4s, J&J, $100,000.........July, 1913
6s, J&J, $185,000...July 1,1901 4s, J&J, 100,000 ........ July, 1923
4s, J&J, 100,000... Jan. 1,1913 Bonded debt Mar. 1, ’98 $990,000
R efunding B onds—
220,750
Floating debt................
4s, J&J, $80,000........ July 1,1924 Total debt..................... 1,210,750
W ater B ondsSinking fund.................
226,474
58, A&O, $ 1 74,000....Oct. 1,1907 Tax valuation 1898___ 12,450,566
5s, A&O, 200,000... .Oct. 1,1917 Assessm’t abt. 75 p.c. aotual value.
Refund’g 4s, A&O, 100,000.. 1927 Taxrate (per $1,000) ’ 98...$22*00
Population in 1890 was___21,701
Population ’98 (estimated) ..24,000
INTEREST is payable in Boston at the National Bank o f Commerce.
The city property, valued at $1,419,739, inoludes stock o f the Lewis­
ton & Auburn Branch Railroad to the amount of $225,000, and the
water works, valued at $595,934. Bonds are not taxed.

O L D T O W N . — This city is in Penobscot County.
R efunding B onds-

48...........$14,500.........July 1,1918
Bonded debt Apr. 1, ’98. $60,600
Floating debt..................
17,778
Total debt, Apr. 1,1898.
78,378

Tax valuation, real.......$1,344,541
Tax valuation, pers’l . ..
86,789
Total valuation 189■*... 1,431,330
Tax rate (per $1,000) ’98...$31*00
Population in 1890 was........ 5,312

P H D T T A ■ \rn
5 FRANK W. ROBINSON, Mayor.
-L J - i A i N U . — <GEORGE H. LIBBY, Treasurer.
Portland (City) is in Cumberland County.
Of the debt of this city about one-half was incurred on account o f the
Portland & Ogdensburg RR., whose stock the city holds to the amount
of $2,356,110. The railroad is leased for 999 years to the Maine Central
RR. Company at 2 per cent on stock, payable quarterly. This rental
aids the city considerably in meeting its interest charge. In February,
1899, the city of Deering was annexed and the debt of that city was
assumed by the city of Portland.
LOANS—
.— Interest.— . ,---------- Principal.---------- .
NAME AND PURPOSE.
P. Ot. Payable. When Due. Outstand'a
Funded, 18 9 3............................ 4
M & S Mch. 1, 1913 g$75,000
Funding, 1887..................... c&r 4
J & J July 1, 1912
727,000
Subject to call July 1, 1902.
Funding, 1894.......................... 4
M & S Mch. 1, 1914
g64,000
do
1896......................... 4
M & S Mar. 1, 1916
48,000
Portland & Ogdensburg R R ... 6
M & S Sept. 1, 1907 1,200,000
Refunding 1895......................... 4 g M & S Mar. 1, 1905 glOO.OOO
do
1897......................... 4
............ July 1, 1912 g450,000
Trustfunds................................ 4s& 6s........................................
46,883
Bonds matured, not presented for payment...........................
2,500
INTEREST on all the issues except the registered bonds is pay­
able in Boston at the National Bank o f Redemption and at the Mer
chants’ National Bank in Portland.
T O T A L DEBT, SINKING FUND, Et c .—The subjoined statement
shows Portland’s total bonded debt and the sinking fund, etc.
FeZ>l,’98.
Feb. 1 ,’ 97.
Feb. 1, ’ 96
Total debt....................................$2,716,383
$2,724,550
$2,724,550
Sinking fund and trust funds.. 1,499,590
1,464,948
1,429,543
Net debt............................... $1,216,793

$1,259,602

$1,295,007

AVAILABLE A SSE T S. —The city’ s available assets, amounting to

E . Sw ain , M ajor.

This city is in Washington County.
LOANS—
When Due. Total debt.......................... $131,000
L oans of 1890 & '91—
Tax valuation 1898.........2,952,456
4s, F&A, $9,000 . . .Aug. 1,1900 Assessment about % actual value.
Tax rate in ’98 (per $1,000) .$20*00
4s, J&D, 101,000..................1911
Population in 1890 was........ 7,290
Optional after 1901
4s, J&J, $10,000........ July 1,1915 Population in 1880 was........ 6,173
Bonded debt Jan. 1 ,’99.. $120,000 Population in 1898 (estim’d) .8,000
Floating debt..................
11,000




9

$1,464,948. include gas company stock, $170,000 and Portland A Og­
densburg Railway stock, $1,178,055.
ASSESSED V AL U A T IO N . —The city’ s assessed valuation (about 80
per cent of cash value) and the tax rate for a series of years have been :
Real
Personal
Total
Rate o f Tax
Years.
Estate.
Property.
Valuation, »er $1,000.
1898.................. $26,448,850
$12,659,700
$39,108,550
$2100
1897.................. 26,182,075
13,130,186
39,312,261
20*80
1 8 9 5 ................. 24,974,900
12,232,125
37,207,025
20*00
18 9 0 .................. 23,184,400
12,427,590
35,611,990
19*70
1888................. 22,120,000
11,952,405
32,702,405
2000

10

STATE AND CITY SUfftEMENT.

E<POPULATION.—In 1890 was 36.425; in 1898 (estimated), 45.000.
D D P IT T A \ rn
i D. N. MORTLAND. Mayor.
J tX L J O lrV i..A IN U .— \ EVERETT A. JONES. Treasurer.
This city is in Knox County. Bonds o f this city are not taxed. Bonds
will hereafter be issued for refunding only.
LOANS —
When Due.
LOANS—
When Due.
City B onds—
K n o x & L incoln BR. L oan 4s, J&J, $45,000 -July 1,1900 68, J&J, $2,500 ........ July 1,1899
4s, J&J, 48,550... July 1,1911 6s, F&A, 35,100.......Feb. 1,1902
Optional at any time.
Interest is payable in Rockland.
4s, overdue, $4,400, not presented Bonded debt Feb.14,’99 $349,850
8*8S,J&J,
18,300... July 1,1901 Floating debt..............
125,208
8 *88, J&J,
27,600.. .July 1,1903 Total debt Feb. 14,1899 475,058
8*as, J&J,
12,400. ..July 1,1904 Resources.......................
92,338
8*28, J&J, 14,400...July 1,1905 Net debt Feb., 1899___
382,720
8*«S, J&J, 24,100. ..July 1,1906 Assessed val., real........ 3,637,429
8*ss, J&J,
13,000...July 1,1907 Assessed val., personal 1,253,707
8*«s, J&J, 28,000...July 1,1908 Total valuation 1898.. 4,891,136
8*as, J&J, 21,500.. .July 1,1909
Assess’t less than actual value.
3*28, J&J, 25,000. ..July 1,1910 Tax rate, 1898,(per $ l,000).$22-00
3*28, J&J, 13,000... July 1,1912 Population in 1890 was........ 8,174
3*28, J&J,
16,800.. .July 1,1915
AVAILABLE ASSETS.—The city’s total assets, as given above, for
February. 1899, included Penobscot Shore Line Railroad 1st mortgage
4 per cent bonds, due August, 1921, to the amount of $39,000.]

S A C O . — F . B. W igging Treasurer.
This city is in York County. The bonds o f this city are not taxed.
LOANS —
When Due.
Sid e w a l k B onds—
G eneral E xpense —
4s, M&S, $5,000........................1899
4s, J&J, $16,000...................... 1901
interest is paid in Boston.
R efunding; B onds—
Total debt Feb. 1,1 89 9 .. $148,500
As, J&J, $25,000...................... 1907 Tax valuation 1898.........3,914,173
4s, J&J, 3 0,000..............
.1917 Assess’t about % actual value.
4s,J& D , 37,500..Deo. 1 ,’99 to ’23 Tax rate (per $1,000) 1898.$20-00
Se w e r B onds—
Population in 1890 was........ 6,075
4s, J&J, $20,000...................... 1900 Population in 1899 (est.).......6,200
4s, J&J, 15,000...................... 1909

T H O M A S T O N . — J. A. A ndrews, Treas
This town is in K nox County.
LOANS—
When Due. Total debt Feb. 3., 1899... $28,000
Tax valuation 1898......... 1,163,151
R efunding B onds48, J&J, $28,000...............Optional Tax rate (per $1,000) ’98...$21*30
Interest is payable in Boston and Population in 1890 was........ 3,009
Population in 1880 was........ 3,017
Thomaston.

W A S H IN G T O N

CO. — W.

M.

N ash, Co.

Treasurer.

County seats are Machias and Calais.
LOANS—
When Due. I Bond. debt. Feb. 1, ’99.. $500,000
W ash . Co . RR. B onds—
|Tax valuation 1898.. .$13,205,839
4s, J&J, $25,000........Jan. 1, 1916 i Tax rate (per $1,000) ’97 $2-25
4s, J&J, 475,000....... Jan. 1,1928 Population in 1890 was
44,482
(Subject to call after Jan. 1,1923) j Population in 1897 (est.).. .43.000
INTEREST is payable at the Boylston National Bank of Boston.
* rp T ^ -Q -rT T r t XT'
J W. C. PHILBROOK, Mayor.
W A . I XLJrt V ii_ .i_ .X l..— \ f . AUGUST KNAUFF, Treasurer.
This city is in Kennebec County.
Bonded debt Jan.l, *99.. $230,000 Assessment about 23 actual value.
17,700 Tax rate (per $1,000) 1898.$20 00
Floating debt...................
Total debt Jan. 1 ,1 89 9 .. 247,700 Population 1890..................... 7,107
Assessed valuation ’98.-4,912,865 1 Population 1899 (about)........9,000
ttt

T , ? r i r . T. i - >T—
>
( KI NG S. RAYMOND, Mayor.
W XLO i JrJJrCLJLJkV.— 2 c . S. EASTMAN, Treasurer.
Westbrook Is in Cumberland County.
LOANS —
When Due. Bonded debt Aug. 1, ’98. $123,800
Long time notes.............
30,000
Cit y B onds—
3%s, var., $4,000...1899 to 1900 Total debt Aug. 1,1898. 153,800
4 b, var., 11,800...1899 to 1903 Tax valuation, real........ 3,222,030
Tax valuation, personal. 530,410
R efunding bonds —
4s, J&D, $15,000___Deo. 10,1905 Total valuation 1898 . .3,752,440
4 s,A & 0 , 20,000___April 1,1907 Assessment is abt. 65% aotual val.
4s, J&J, 2 5 ,00 0 .... Jan. 1,1915 Total tax rate (per M.) ’98..$17-00
4s, J&J, 2 0 ,00 0 .... Jan. 1,1917 Population in 1890 w a s ......6,632
4 s . . . . . . 24 ,00 0 .... June 1,1918 Population in 1898 (est.).......8,000
INTEREST on the refunding bonds of 1907, 1915 and 1918 Is
payable in Boston, Mass.; on all other bonds at Portland. Me.

A D D IT IO N A L

STATEM EN TS.

In the table following we give statistics regarding all minor civil
divisions in the State of Maine which have an indebtedness of over
$10,000, and which are not represented among the feregoing detailed
eports. We also give the population according to the Census of 1890.
Total
Assessed
Tax
Popu­
Debt.
Valuation. Bate. lation
1890,
Towns—
$
$
20T)0
1,042
Albion, Kennebec Co..................... 10,000
328,978
32-00
1,444
Anson, Somerset Co......................
80,000 582,652
16-10
1,136
Benton, Kennebec Co........ .......... 13,069
392,771
18- 40
2,294
Berwick, York Co............................ 16,500
945,985
18*70
1,699
729,983
Boothbay Harbor, Lincoln Co___ 41,066
17-50
1,508
Bowdoiriham, Sagadahoc Co....... 11,000
559,064
36 0 0
719
Bremen, Lincoln Co....................... 17,210
136,215
Brewer, Penobscot C o .................... 38,500 1,504,275
24 00
4,193
13-60
2,605
Bridgton, Cumberland C o ............. 21,800 1,269,729
28-00
1,303
Canton, Oxford Co.......................... 40,282 346,.'00
Caribou, Aroostook C o .................. 32,000 1,244,377
19- 30
4,087
Cumberland, Cumberland Co....... 21,677
734,930
1300
1,487
Damarisootta, Lincoln Co............... 33,120 411,094
23 00
1,012
23-50
Dixfield, Oxford C o ........................ 12,000 293,180
988
EastLivermore, Androscoggin Co. 12,158
695,378
20- 00
1,506
24*00
Eastport, Washington Co.............. 48,222 1,646,501
4,908
Eden, Hancock C o ......................... 50,ri 23 3,196,629
27*00
1,946
Embaen, Somerset Co..................... 22,000 210,431
3800
19*00
Fairfield, Somerset Co..................... 40,245 1,267,995
3,510
Farmington, Franklin Co............... 10,000 1,851,900
15*00
3,207
Fryeburg, Oxford Co....................... 16,000 772,352
13 00
1,418
Gardiner, Kennebeo Co.................. 97,641 3,337,852
20 0 0
5,491
Georgetown, Sagadaboo Co.......... 19,o00
195,275
849
29-00
2000
974
Hartland, Somerset Co................... 20,378 401,368
2300
Hollis, York Co.......... .................... 22,173 364,517
1,278
57,012
Kennebeo Co.................................... 30,000 26,961,384
Kennebunk, York Co — ............... 32,209 1,977,572
1600
3,172
19-60
Kennebunkport, York Co.............. 25,000 1,179,010
2,196
2600
Kingman, Penobsoot C o................ 10,000
182,403
671
Lisbon, Androscoggin Co............... 14,409 1,840,847
14-50
3,120
Mechanic Falls, Androscoggin Go. 12,833
839,142
21 0 0
1,283
3000
1,237
Monson, Piscataquis Co............. 11,069
214,480




Towns—

Voi. L XV III
Total
Debt.
$
15,000
25,207
13,907
50,327
21,291
12,300
13,000
24,305
11,006
14,597
27,623
40,000
11,000
14,950
54,000
16,452
29,426
30,000
65,074
10,990
28,000
16,367
13,000
46,910
19,358
47,000
23,771

J ssessed
Valuation.
$
776,655
442,090
368,919
546,661
1,156,983
792,635
662,027
599,681
1,180,515
470,517
1,021,930
1,204,660
1,139,443
1,150,540
1,496,470
8*8,965
3,089,260
66,294
1,861,199
818,413
501,348
903,423
612,457
885,305
465,974
1,179,209
1,570,741

Tax
PopuBute. laiton.
1890.
$
22-00
1,355
3000
1,188
2300
1,064
31*00
1,656
20-00
2,665
20 0 0
2,044
20-90
877
2800
2,790
20 0 5
3,156
27-00
1,394
17*80
2,503
2300
3,046
3,082
19*30
10*80
1,484
18*50
898
17*00
1,794
14*60
5,068
1900
453
24*20
1500
1,394
21-00
1,436
2,052
18-50
23 00
2,617
2100
3,505
25*00
1,733
16*40
2,098
2,444
17*50

New Hampshire.
ITS

D E B T , RESOURCES) E t c .
Admitted as a State
.
.
.
One of Original Thirteen
Total area of State (square miles)
9r305
State C a p ita l......................................................................Concord
Governor (term expires 1st Wed. Jan., 1901), F ran k W . Rollins
Secretary of State j Chosen by Legislature;.) Edw. M , Pearson
Treasurer - { term expires Jan., 1901. ) Solon A . Carter
Legislature meets biennially in odd years on the first W ednes­
day in January, and length of session is not limited.
HISTO RY OF DEBT. New Hampshire’s debt history is very brief.
This State has always been extremely conservative, and no bonds were
issued until after the breaking out of the Civil War. In 1866 New
Hampshire reported her funded indebtedness at $4,169;&18, eon
tracted exclusively for war purposes. June 1,1869, the total out­
standing was $3,213,962 22, against which the Treasurer reported
an asset of $77.082 89. The situation of the State debt now i» a » oeio w :
LOANS
-— Interest.— .
------ — Principal.-------------- NAME AND PURPOSE.
P.Ol. Payable.
TFAen Due.
Outstand’g.
Agricultural College 1893. 4
..........
July 1, 1913
$135,000
Library bonds
' of‘ 1891___
Ml
J & J
July 1, 1911
175,000
Do
do
1 8 9 3 ....
July 1, 1913
75,000
;
Jan.
1
,’OOto
1
9
0
5/
Municipal War loan............ 6
J & J ! $150,000 yearly., y 900,000
do
do (overdue) 1,300
Loan of 1873 (overdue)...
500
Trust funds..........................4&6
699343 05
Of the trust funds $80,000 hear 6 per cent interest and $617,746 36 bear 4 per cent interest, no interest being paid on $2,096 19.
PAR VALUE OF BONDS.—The bonds of this State are in $500
and $1,000 pieces.
INTEREST is payable at the Commonwealth Bank of Boston and a t
State Treasurer’s office.
TO T A L DEBT.—The net debt on June 1,1898, was $1367,657 61.
The subjoined statement shows New Hampshire’ s total debt on the
dates named. Assets June 1, 1898> were $769,085; floating debt
$ 100.
June 1 ,’98. J u n e l,’97. Jan. 1, ’96. June 1, ’ 95.
Total funded debt____$1,436,800 $1,586300- $1,740,400 $1394,300
Trust funds..................
699,843
676,505
653,818
632,092

Total debt............$2.136,643 $2,263,305 $2394,218 $2,526,392
ASSESSED VALUATION.—The State’ s total assessed valuation (inolui
uding taxable savings, bank savings and insurance capital) has been
as follows:
Years.
Valuation. Years.
Valuation.
1898........................... $252.490,075 1894.................$269,683,779
1897............................ 255,742,099 1893................ 274,816,342
1896............................ 259,116,800 1890................ 250,530,530
1895........................... not tabulated 1885................ 218,122,554
DEBT LIMITATION .—There is no restriction in the Constitution
of New Hampshire upon the debt-making power of the people through
the “ General Court,” except the following, which is the last clause of
Article 5 of Part Second of that instrument.
Provided, That the General Court shall not authorize any town to
loan or give its money or credit directly or indirectly for the benefit of
any corporation having for its object a dividend of profits or in any
way aid the same by taking its stocks or bonds.
The above is an amendment to the Constitution, which was ratified in
1877. The amendment would appear to he intended as a complete
estoppel to municipal loaning of money or credit to railroad and indus­
trial corporations. It is to be noticed, however, that by its terms the
restriction does not specifically mention “ cities,” the words being
“ any town.”
*
In addition to the foregoing is the “ Municipal Bond A ct of 1895.”
It tells in the matter of issuing bonds what a municipal corporation
may do, what it must do, and what it cannot do. The law enacts: Sec.
1. The term “ municipal corporation” means town, city, sohool dis­
trict, village district and village precinct. Sec. 2. Bonds issued must
be payable within 20 years, interest semi-annual, not exceeding 6 per
cent, may he payable In gold coin. If made payable in less than 20
years, may be extended but never beyond 20 years from time of issue.
Sec. 3. Bonds (except of cities) must be authorized by a vote of twothirds of all voters present and voting at an annual meeting of such
corporation, or at a special meeting ii properly called, &o. (for which
see act). Bonds must be signed by a majority of the Governing Board,
countersigned by Treasurer and have seal of corporation. Time
and place of payment and rate of interest, &c., may be delegated to
Governing Board. Sec. 4. City bonds must be authorized by resolu­
tion of City Council passed by at least two-tuirds of members elected
to each branch taken by yeas and nays, signed by Mayor, countersigned

April, 1809,

NEW ttAM fSttW E—CITIES AND TOWNS,

I

toy Treasurer, seafi. of city atfi xed. Place of payment, rate of interest
and sale may be 'delegated to Treasurer. Sec. 5. Bonds shall he pay­
able to nearer a r to registered holder by name, and must be in form set
ou t in act—wkich see. In case bond be made subject to call they must
contain statement to that effect as given in act. “ The validity of any
bonds shall not be affected by any variation from the forms herein
prescribed!” Sec. 6. Treasurer to keep a book in -which he shall
register bonds issued, &c. Sec. 7. “ All bonds purporting to be issued
toy virtue of this act and signed and sealed as hereinbefore provided
shall in favor of bona fide holders be conclusively presumed to have
been duly and regularly authorized and issued in accordance with the
provisions herein contained, and no holder thereof shall be obliged to
see fo the existence of the purpose of the issue or to the regularity of
any-of the proceedings or to the application of the proceeds. All such
bonds shall be negotiable in all respects and to the same extent as se­
curities negotiable by the law merohant.” Sec. 8. Annual tax must be
levied and collected sufficient to pay interest and provide a sinking
fund sufficient to pay principal within 20 years. Sec. 9. No bonds can
be issued which shall increase the net debt of corporation to an
■amount exceeding 5 per cent of the value of the taxable property
therein as last appraised for assessing taxes. To ascertain net debt,
■all debts must be included except the following, which must be de­
ducted—water debt, “ cash and other means” in treasury and sinking
funds applicable to payment of debt so included; “ but nothing con­
tained in this section shall prevent the issue of bonds for the puipose
o f refunding an equal principal amount of other bonds o f such corpo­
ration.” Sec. 10, corporation seal. Sec. 11. A ct to take effect on pas­
sage. Approved March 19,1895.
t POPULATION OF ST A T E . —Since 1800 the total population has
been as follows.
18 9 0 ............... 376,530 I 1860................326,073 I 1830.................269,328
1 8 8 0 ............... 346,991 1850................317,976 1820.................244,022
1 8 7 0 ................318,300 11 8 4 0 .......... 284.574 11810.................214|460
In 1870-80 increase was 28,691, or 9-01 per cent, and m 1880-90, 29,539, or 8-51 per cent. For earlier population figures see State and
C ity S upplement of April, 1895, page 13.

f

14th. In the capital stock o f any bank or trust company incorporated
under the laws and doing business within this State; but the amount
o f such stock held by any savings bank as an investment and as col-,
lateral for loans shall not exceed one-tenth o f the total capital stock of
such bank or trust company; and not exceeding ten per cent o f the
deposits shall be so invested.
15th. In the stock o f any national bank in the New England States
and in the State of New Y ork; but the amount o f such stock held
b y any savings bank as an investment and as collateral for loans'
shall not exceed one-tenth of the total capital stock of suoh national
bank, and not exceeding ten per cent, of the deposits shall be so in­
vested.
16th. In the stock of any railroad corporation, exclusive o f street
railways, situated in whole or in part in New England, New York,
Pennsylvania, Ohio, Indiana, Michigan, and Illinois, that has earned
and paid regular dividends of at least four per cent for five years pre­
vious to such investment; but not exceedmg twenty per cent o f its
deposits shall be so invested.
17th. In the stock of any manufacturing company in the New Eng­
land States that has earned and paid regular dividends for five years
previous to such investment, and whose net indebtedness does not
exceed the amount of its capital stock fully paid in : but not exceeding
ten per cent of the deposits shall be so invested.
18th. Any savings bank may purchase and hold land and building«
suitable and actually used by it in part for its banking-rooms, the total
cost of which shall not exceed 10 per cent of its deposits.
19th. Any savings bank may hold and lease real estate acquired by
foreclosure of mortgages owned by the bank, but all taxes, foreclosure
expenses and cost of maintenance shall be paid out of tne income o f
the bank.
20th. Deposits of cash on call or subject to check shall be made in
some authorized banking or trust company incorporated under the
laws of this State or the Commonwealth of Massachusetts, or in some
national bank located in the New England States or in the City o f New
York.
Section 2. Whenever any person shall at the same time hold an office
in both a national bank and a savings bank he shall give bond in double
amount required by existing law.
„SA V IN G S BANKS’
IN V E S T M E N T S -P R IV IL E G E S AND the
RE­
S T R IC T IO N S.—The laws in this State relating to savings banks in
vestments were remodeled bythe Legislature of 1895. The act referred
to was approved on March 29,1895, and went into effect on July 1 of
the same year. It is as follows: [In 1899 certain changes were made
in sections 8, 9 and 16, which we have incorporated below. 1
Cities, Counties and T owns
N ACT to regulate the investments of savings banks.
Be tt enacted by the Senate and House o f Representatives in General
<Jourl convened :
Section 1. On and after July 1. 1895, savings banks shall make in­
S T A T E OF N E W H A M P S H IE E .
vestments of their funds in the folio wing classes of securities o n ly :
1st. In notes secured by first mortgages of real estate situated in
New Hampshire.
N ote .—For debts o f minor civil divisions not found among the state­
2d. In notes secured by first mortgages of real estate situated outside of New Hampshire, which at the time is improved, occupied and ments given below, see “ Additional Statements” at end o f this State.
productive; but not exceeding 25 per cent of the deposits shall be so B E L K N A P C O . —Mark M. E obinson, Treas’r.
invested.
County seat is Laconia.
3d. In notes secured by collateral in which the bank is at liberty to
LOANS —
When Hue. Bonded debt Jan. 1, ’98. $50,000
e<lual value; but the amount of any one class of seC
ourt H ouse Bonds 1893—
Sinking fund assets........
11,999
a8 collateral, added to that which the bank may own
38,001
at the time, shall not exceed the total limit of that class o f securities; 4s, J&J, $30,000 ........ July 1 ,1 9 1 3 Net debt Jan 1,1 89 8 ___
Interest payable at Nat’l Bank of Assessed valuation ’98.-9,155,763
^ per cent of the deposits shall be so invested
Assessment about % actual value.
,
* , no®c8 secured by collateral of securities which are listed on the Republic, Boston, Mass.
Population in 1890 was.......20,321
stock exchanges o f Boston and New York, the listed price of which
snail at all times be at least ten per cent in excess of the face of the
ni° Vbut n.°^ exceeding fifteen per cent o f the amount of the deposits B E R L I N . — L. H . V eilleux, Treasurer.
«hall be so invested.
This city is in Coos County.
5th. In notes of individuals or corporations, with one or more in­
LOANS—
When Hue. Total debt....................... $173,560
dorsers, but not exceeding five per cent of the amount of its deposits to
S chool B ondsaay one person or corporation, and not exceeding twenty per cent of
Sinking fun ds..................
17,500
ptoc deposits shall be so invested, and not exceeding ten per cent of 48, $10,000......... 1899-1908
Net debt Aug. 1,1898__ 156,060
($1,000 yearly.)
Assessed valuation, real 2,097,718
the deposits shall be invested in notes of individuals or corporations
I mprovement B onds—
resident outside o f the ii ew England States.
Ass’d valuation personal 508,223
,
the public funds of the United States or those for which the 4^8, $70,000............................1913 Total valuation 1898___ 2,605,941
F unding B ondsfaith of the United States is pledged to provide for the payment of the
Assessment actual value.
interest and principal, including the bonds of the District of Columbia. 48, $50,000............................1917 Tax rate (per M.) 1898..
$24-30
7th. In the bonds or notes of this State, or of any county, city, town, Bonded debt. Aug. 1,’98. $130,000 Population 1890......................3,729
precinct or district of this State.
Floating debt..................
43,560 Population 1898 (est.).......... 8,025
ir11

authorized bonds, or interest-bearing obligations, of any

other New England State, or of the States of New York, New Jersey,
Pennsylvania, Delawarej Maryland, Ohio, Indiana, Illinois, Kentucky,
w^+2lT^’i^ icb!? ai!’i . ^ 8ilori8^n’ Minnesota, Iowa, Kansas, Nebraska,
North Dakota, South Dakota, Colorado, California, Oregon, Montana,
1 Washington, Utah, or the territories of Arizona and New
?th. In the authorized bonds or notes of any county, city, town,
school district, or other municipal corporation of any of the foregoing
States whose net indebtedness does not exceed 5 peroent of the last
valuation of the property therein for taxation, not issued
*5
iiIldla the authorized bonds or notes of any city
inhabitants of any o f the foregoing States whose net inper oent °* the last preceding valuap^?per5y therein for taxation; provided, however, that
«7
o f . anT county of less than 10,000 inhabitants, or
ti^v£ or °ttoer municipal corporation of less than 20,000
At ™
ai}y 8SboP1 district of less than 2,000 inhabitants,
states, shall not be authorized investments,
b
®
3a iEe^ cent of tlie deposits shall be so invested.
n? l l n^ ! )te(il1?88 shah be construed to denote the inth«
town, omitting debt created for supplying
wa^er>and deducting the amount of sinking funds
a^.ail®,tole for the payment of municipal indebtedness.
fliithnritv of 2x222^
aSy rallroad company incorporated under the
to ma£fto
New England States whose road is located
i n e T t J £“ , ^6 sam«, and which is in possession of and operatr ^ i 1v«nrI2iA2+2.’x.5n5iba8 earned and paid regular dividends for the
Investment; or in the bonds guaranteed
r^ ° A d ccnipany, of any railroad company so
rnUTnn^r^Si086 road 18 ttlU8 loca ted; or in the bonds or notes of
« 2
?
£2“ pa? y l ncorporated under the laws of this State; but
v.^2?ty"? ve Per cent of the deposits shall be so invested.
nf «7w'<5t?tA
° i ^ ?y rallroad incorporated under the authority
2w2lde °I
England which is in possession of and
roa,d> and has earned and paid regular dividends
2 i ? ot „ Jl8„ i a? four per cent per annum on its capital stock for the
i
s
u
c
h
investm ent; provided said capital stock
dividends equals in amount one-third of the entire
Donded indebtedness of said road, or in the bonds of any corporation
guaranteed■ or assumed by said railroad; but not exceeding twenty
per cent of uie deposits shall be so invested. Street railroads shall
not be considered railroads within the meaning of this and the last
preceding section.
12th. In the bonds of corporations o f this State whose net indebted­
ness at the time of such investment does not exceed its capital stock
actually paid in and remaining unimpaired, but not excedmg five per
cent o f the deposits shall be so invested.
13tli. In the bonds of street railway corporations located wholly or in
part m cities of 50,000 inhabitants or more, situated outside of New
Hampshire, whose net indebtedness at the time of such investment
does not exceed its capital stock actually paid in and remaining unim­
paired; provided, suoh corporation has earned and paid regular divi­
dends on its capital stock for five years next preceding suoh invest­
ment, but not exceeding five per cent of the deposits shall beisoin ­
vested.




C L A R E M O N T . — This town is in SullivanCounty.
LOANS —
When Hue. Total debt Feb. 1 5 ,’98... $176,775
T ow n H all B onds.
Sinking fund assets........
15,611
4s............ $45,000......................1899 Net debt Feb. 15,1898... 161,164
($2,500 due yearly) t o ......... 1916 Total assessment 1898.-3,193,315
Refunding B ondsActual value (about). ..4,400,000
48, J&J, $25,000........ Jan. 1,1909 Tax rate (per $1,000)’98.
21*00
4s, J &J, 50,000........Apr. 1,1914 Population in 1890 was..
5,565
Bonded debt Feb. 15, ’98. $142,500 Population in 1898 (est.)
7,000
Floating debt..................
34,275
INTEREST is payable at Claremont,or at the National Bank o f
Redemption, Boston.

5 NATHANIEL E. MARTIN, Mayor.
(J . A. COCHRAN, City Clerk.
Concord is the capital of the State and the county seat of Merrimack
county. Its water works more than take care of the interest on the
water bonds.
LOANS —
When Hue.
W ater Prec ’ ct B onds (Con.) Bridge B onds4s, A&O, $45,000___ Oct. 1,1912
48, J&J, $20,000. July 1, ’04 to ’07 4s, J&J. 400,000___Jan. 1,1922
($5,000 due yearly.)
School D istrict B onds—
2 % s ,---- $7,000----- . . . . 1901-1902
(tSchool District No. 20.)
Memorial A rch B onds—
4s, J&J, $500............. July 1,1899
4b, J&J, $10,000. July, ’99 to 1900
♦Widening P leasant St . E x .—
($5,000 due yearly.)
4s, J&D $13,800.......June 1,1905
♦Police Station B onds—
tUmoN School D ist . B onds —
4s, J&J, $17,000........ July 1,1903 4s, J&J, $60,000...... July 1,1899
♦Public P ark B onds—
($15,000 due y’rly) to July 1,1902
SiflS, J&D, $25,000...June 1,1914
P enacook Se w e r B ondsSe w e r B onds—
48, F&A, $5,000........ Aug. 1,1903
4s, J&J, *$12,000 ... July 1 ,1 9 0 4 4s, F&A, 6,000........ Aug. 1,1908
S^fls,J&D, 2 5 ,0 0 0 . ..June 1 ,1 9 1 4 4s, M&N, *5,000.........May l) 1913
3^8. J&D,
9 ,0 0 0 .. .Dec. 1 ,1 9 1 4
Subject to call after May 1,1908
3^8, J&J, 2 5 ,0 0 0 ... July 1 19 17 4s, J& J,$3,00 0 ...July 1, ’ 14 to ’ 19
Water P recinct B onds—
($500 due yearly.)
3^s, M&N, $15,000.Nov. 1,1900
W est Concord Sew e r Prec ’ t —
3 las, M&8, 20,000.Moh. 1,1922 4s, A&O, $17,000.Oct., 1902 to ’ 12
4s, M&N,
10,000.Nov. 1,1899
E ast Concord Se w e r P rkc ’ ct—
4s, J&J, $100,000..Jan.,’01 to ’ l l 4s, J&J, $2,000... 1900-’05-’ 10-’ 15
($10,000 due yearly to 1909 and Bonded debt Jan. 1 ,1899.$915,30G
$f>,000 in 1910 and 1911.)
Floating debt...................
6,400
4s, J&J, $70,00o..Jan.,’ 13 t o ’ 19 Sinking funds..................
4,000
($10,000 due yearly.)

CO N CO R D .

♦Exempt from tax when owned by Concord residents, i Coupon bonds
OF BONDS. —The Penacook sewer bonds were
Issued on the city s credit for the Penacook sewer district, the interest
***“ principal being payable from a special tax on that district. The
school district bonds were issued under a special act of the State Legis­
lature. The school districts have by their votes and by their agents
bound themselves to repay the city all sums expended on account 01
the principal or interest of these bonds.

12

Vol. LXVI1I

STATE AND CITY SUfftEMENT,

INTEREST Is paid at oity treasury andatNat. Revere Bank, Boston.
C IT Y P R O P ER TY.—The oity valued its buildings and other prop­

Ayr a m p l i e ' c t 'E ’ d
5 JAMESE. DODGE, Auditor.
■ l Y l A l N O r l f l i O 1 XL-Tt.— ) p. l . ALLEN, Treasurer.
This city is one o f the county seats o f Hillsborough County.
erty on January 1, 1899, at $250,000, and besides this has water
works valued at $900,(MX) which are the property o f the “ precinct.”
LOANS—
When due •
When Due.
LOANS—
School BondsB ridge Bonds—
ASSESSED V A L U A T IO N .—The city’s assessed valuation and tax
4s, J&J, $60,000........ July 1,1911 48, J&J, $170,000....July 1,’99-15
■rate have been as follow s:
4 0 ,0 0 0 ....July 1, 1916
Total Assessed
Rate o f Tax 4s, J&J, 80,000........... 1899-1901 4s, J&J,
W ater B onds Tears.
Valuation.
Tax.
per $1,000. ($25,000 y’rly to 1900,$30,000,’01)
6s, J&J, $100,000.. Jan. 1,1902
Cem etery B onds—
1898..........................................$11,178,244
$222,333
$20-00
1897........................................ 11,200,690
233,762
21*20 5s, J&J, $50,000........ July 1,1913 5s, F&A, 100,000.. Aug. 1,1913
4*38, M&N, 100,000..Nov. 1,1913
F unding B onds1896......................................... 11,228,515
260,589
24-00
1890........................................ 10,243,857
176,081
17 6 0 48, A&O, $50,000....A pril 1,1905 4s, J&J, 100,000.. Jan. 1,1907
J&J, 100,000.. July 1,1910
4s,
A&O,
5
0
,0
0
0
....April
1,1907
1880........................................ 10,150.586
172,831
.....
J&J, 100,000.. Jan. 1,1912
A&O, 50,000___April 1,1909
POPULATIO N.—Iu 1890 population was 17,004; in 1880 it was 4s,
A&O, 50,000..Oct. 1,1914
4s,
A&O,
5,0
00
....A
pril
1,1911
13,843; in 1870 it was 12,241; in 1899 it was estimated at 18,000.
J&J, 100,000.. July 1,1915
3 *33,A&O ,100,000__ April 1,1919
J&D, 50,000. .Deo. 16.1915
I mprovement B ondsJ&J, 100,000.. Jan. 1,1917
48, J&J, $100,000....Jan. 1,1913
D O V E R . — WM. K. CHADWICK, Treasurer.
4s, J&J, 100,000... .Apr. 1,1914
This city is fcne county seat of Strafford County.
4s, A&O, 1 0 0 ,0 0 0 ....Apr. 1,1915
LOANSWhen Due. Bonded debt Jan. 1 ,1899.$341,000 4s, A&O, 100,000....Apr. 1,1916
Water debt (additional).. 313,500
R efunding L oans—
PAR V ALU E .—The city’s bonds are for $100, $500 and$1,000. They
4s, J&J, $70,000.... July 1, ’99-’05 Assessed valuation, real.5,784,367 are
mostly of the denomination o f $1,000 each.
Ass’d valuat’n, personal.2,936,483
Cit y h a l l B onds—
INTEREST on bridge and water bonds of 1872 is payable at Treas­
As, A&O, $48,000.. Apr. 1, ’06-’09 Total valuation 1898---- 8,720,850
urer’s
office, Manchester; on all other issues at Suffolk Bank, Boston.
Asséssment
about
4
k
actual
value.
4s, A&O,
22,000..Apr. 1, ’ 10-’ l l
$19-50
4s, A&O, 111,000....Apr. 1, 1912 Tax rate (per M.) ’9 8 ....
T O T A L DEBT .—The subjoined statement shows Manchester’s total
Population 1890.............
12,790 municipal debt, including the water debt, on the dates named.
F unding and B ridge Bonds13,000
48, J&J, $90,000___July 1 , ’99-’ 16 Population 1899 (est.)...
Jan. 1,’ 99. Jan. 1, ’ 98. Jan. 1, ’97. Jan. 1,’96.
Water loan notes 4 348... .$313,500
Total bonded debt.......... $1,855,000 $1,890,000 $1,917,250 $1,571,250
JNTEREST on refunding loan and city hall bonds payable at Boston. Water debt(incl. above).
900,000
900,000
900,000
900,000
C IT Y PROPERTY*—The oity has assets, including water-works,
In addition to the bonded debt the oity had on January 1,1899, a
to the value of $416,384.
floating debt of $100,000. Sinking fund Jan. 1,1899, $184,156, and
cash on hand, $115,207.
V AL U A T IO N , T O T A L DEBT, Et c .—The assessed valuation (about
E X E T E R .— This town is in Rockingham County.
Bonded debt Feb. 15, ’99 $78,300 |Tax valuation, pers’ l . . . $1,898,875 70 per cent of oash value) and the tax rate have been as follows:
-Assessed ValuationTax Rate
3,000 Total valuation 1898... 3,262,887
Floating debt..................
p er $1,000.
Real.
Personal.
Total.
Total debt Feb. 15,1899.
81,300 Assessment about 23 actual value.
$4,723,454
$30,988,488
$19-50
Assets...............................
11,531 Total tax (per $1,000) 1898.$18*00 1898..................... $26,265,034
4,655,114
30,486,946
20-80
Net debt Feb. 15,1899...
69,769 Population in 1890 was........ 4,284 1897..................... 25,831,832
1896..................... 25,031,116
4,412,552
29,443,668
18*60
Tax valuation, real........ 2,364,012
1890.....................
19,884,300
4,206,300
24,090,650
19-10
The bends all bear interest at the rate o f 4 per cent, and are issued 1880.........................................
............
17,735,990
.........
fo r street improvement, library and refunding purposes. They are
PO PU LATIO N . —In 1890 population was 43,983; in 1880 It was
nearly all held bv local investors.
32,630;
in
1870
it
was
23,536.
Estimated
population
in
1899,
60,000.
T A X FREE .—Bonds are tax exempt if owned by residents.

J

M E R E D IT H F IR E

F A R M I N G T O N . — This town is in Strafford County.

D I S T . — A. S. CLOUGH.Sec.

Net debt Jan. 1 ,1 8 9 8 .... $50,677
48, J&J, $58,000........ Jan. 1,1917 Tax valuation 1898........1,217,220
24*20
Subject to call Jan. 1,1907 Tax rate (per $1,000) ’98.
Total debt Jan. 1 ,1898— $69,152 Population in 1890 was........3,064
A ssets.................................. 18,475 Population in 1897 (est.)......3,000

Meredith is in BelknapCounty.
LOANS—
When Due.
W ater B onds 1893—
4^28, J&J, $40,000..July, 1923-’ 26
433s, A&O, 4,500........1902-1910
($500 yearly from Oot., 1902.)

C* d a -NTTV" t t v t
(FR A N K H. DANIELL, Mayor.
■F x t A - I N F V J-.11N . — \ FRANK PROCTOR, Treasurer.
Franklin is in Merrimack County.
LOANS—
When Due. Floating debt.................
$20,398
T ow n BondsTotal debt Jan. 1, *99..
182,398
48, F&A, $40,000.......Aug. 1,1900 Assets..............................
11,992
4s, F&A., 3 0 ,0 0 0 ....Aug. 1,1917 Net debt Jan. 1, 1899..
170,406
w ater B onds 1891—
Tax valuation 1898___ 2,546,606
4s, A&O, $80,000.......Apr. 1,1916 Assessment about % actual value.
Subject to call after Apr. 1,1901 Tax rate (per $1,000) 1898 .$18-50
4s, A&O, $12,000.... Apr. 1,1914 Population in 1890 w as........ 4,085
Bonded debt Jan. 1 ,1899.$162,000 Population in 1899 (est.).......6,000
INTE R EST payable at First Nat. Bank, Boston or Treasurer’ s office*

M E R R I M A C K . C O . —W arren A bbott, Treasr.

Refunding B onds-

H IL L S B O R O U G H
C O . —F rank
IN G ST O N , Treasurer.
County seat is Nashua.
LOANS—
Building bonds—

When Due.

4s, June, $ 4 0 ,0 0 0 ....June 1, 1921
4s, March, $120,000..March, 1915
F unding B onds 1894—
4s, J&J, $117,000...... Jan. 1,1914
Optional after Jan. 1,1894
R efunding B onds-

48, Sept., $35,000..........Sept. 1910

L iv

Bonded debt Jan., ’ 99.. ..$312,000
Floating debt Jan.,,’9 8 ..
19,854
Total debt Jan., ’99......... 331,854
Assets (cash).................... 28,914
Net debt Jan. 1,1 89 9 ___ 302,940
Tax valuation 1898___ 61,130,965
Population in 1890 w as___93,247
Population 1896 (a b ou t)....97,000

H IL L S B O R O
B R ID G E
F IR E
C I N C T . — Located in Hillsborough County.
LOANS—
S e w e r Bonds—

0.

P R E -

When Due.

Interest payable In Hillsborough*
Total debt Feb. 15,1898..$66,000
4s. . . . $21,000................................. Tax valuation 1896............757,926
W ater B ondsTax rate 1897 (per M .).......... 2*35
48, J&J, $45,000........ Jan. 1,1917 Population In 1897 (est.)___2,500
TZ T T IT M IT
5 GEO. H. FAMES, Mayor.
k V H iJ iiiN H i— ( FRANK H. WHITCOMB, City Clerk.
This oity is the oounty seat of Cheshire County.
LOANS—
When Due.
W ater B onds (Con.)—
3s, Loan, $25,000.On or before’04 3138, J&J, $7,000.......Jan. 1,1910
R ailroad A id B onds3^8, J&J, 30,000.......Jan. 1,1911
48, J&J, $75,000........July 1,1899
($10,000 yearly) to Jan. 1,1913
($15,000 yearly) to July 1,1903 Bonded debt Jan. 1, ’99 $272,000
4s, J&J, $10,000,.......July 1,1904 Cash and sinking funds
77,063
Se w e r B onds—
Net debt Jan. 1 ,1 8 9 9 ..
194,937
s, J&J, $60,000........ July 1,1905 Water debt (included)..
117,000
($15,000 yearly) to July 1,1908 Assessed valuation ’98.. 6,283,854
4SjJ&J, $10,000........ July 1,1909 Tax rate (per M.) 1898..
14*90
w ater B ondsPopulation 1890 w as....
7,446
48, A&O, $5,000.......Oct. 1,1913 Population 1899 (est.)..
8,000
4s, A&O, 40,000.......Oct. 1,1914
($10,000 yearly) to Oct. 1,1917 |
INTEREST on all issues is payable at the City Treasury, and on the
water 4 per oents also in Boston.
C IT Y P R O P E R T Y .—The city owns its w aterw orks, valued on
January 1, 1898, at $200,000, and other property to the amount of
$85,349. Water works are more than self supporting. The railroad
loans were a gratuity to the Manchester & Keene RR., and are not
offset by any railroad securities in the hands of the city.

L A C O N I A . — S. 0 . F r y e , Clerk.
Laconia (City) is in Belknap County.
LOANS—
When Due. Floating d e b t ................. $34 414
Se w e r and F unding B onds—
Total debt Feb. 15. ’99.
251414
4s, J&J, $65,000.............................. Available assets.......... "
24*354
4s, A&O, $141,000............. ....... Net debt Feb. 15,1899." 227,060
Coupon notes, 3 ^ 8 ........... $11,000 Tax valuation 1898..
4 362 084
Interest payable at Boston.
Tot’lta x (per M.) ’ 9 8 . *
2b-70
Bonded debt Feb. 15, ’99.$217,000 Population in 1890 was*
6 143




County seat is Concord.
When Due.

LOANS—
F unding B onds—

4s, A&O, $10,000. Oot. 1 ,’99 to 1900
4s, A&O,
6,000......Oot. 1,1901
4s, A&O, 85,000..... Oet. 1,1902
($5,000 ann. to 1906 and $6,000
annually 1907 to 1916).

Interest is payable in Boston.
Bonded debt Jan. 20, ’99 .$44,500
Tax valuation 1898............269,770
Assessment about *3 actual value.
Tax rate (per $1,000) ’ 98...$27*70
Population 1895 (about).......1,000

Interest payable at Concord.
Tot.bond. debt Feb. 1, ’99. $107,000
Tax valuation 1898___25,857,287
Tax rate (per $1,000) ’98...$18*50
Population 1896 (est.)........ 50,000
Population 1890 was........... 49,435

M I L F O R D . — F. W . Sawyer , Treasurer.
This town Is in Hillsborough Co.
LOANS—
When Due.
W ater B onds of ’91 & ’93.—
4s, J & J . . . . $65,000 July 1,1921
Subject to call after July 1,1911
4s, J & J ... .$10,000 July 1,1923
Schools and F unding—

4s, F&A, $45,000.......Feb. 1,1924
Interest on first loan is payable in
Boston, on others in Milford.
Bonded debt Feb. 9 ,’99.. $120,000
Floating debt..................
2,500

Bonds are exempt from taxation.
Total debt.......................... $122,500
Sinking fund....................
13,400
Net debt Feb. 2 ,1 8 9 9 .... 109,100
Tax valuation, real........ 1,430,110
Tax valuation, personal. 572,576
Total valuation. 1898....... 2,002,686
Assessment is 75 p. c. real value.
Total tax (per $1,000) 1898.$20-00
Population in 1890 was........ 3,014
Population in 1880 w as........ 2,398
Population 1898 (about)....... 4,000

tvt a c t T T T A
(JASON E. TOLLES, Mayor.
i N A ö n U A .— f GEORGE F. SMITH, City Clerk.
This oity Is in Hillsborough County.
F loating D ebt , School
LOANS—
When Due.

E ngine H ouse—(gold)—

4s, g., J&D, $15,000g.June 1,1918
F unding F loating d e b t -

Street —

and

4s, g., J&D,$200,OOOg. June 1,1913
School B uilding —

68, J&J, $75,000....... July 1,1901 4s, F&A, $5,000.........Aug. 1,1899
4s, J&D, 200,000....... 1911-1915
4s, F&A, 10,000........ .Aug. 1,1900
($40,000 due yearly on June 1.) 4s, F&A, 10,000.........Aug. 1,1 90 4
4s, g., M&N, $100,000g.May 1, ’ 15 4s, A&O, 25,000 g ___Oct. 1,1916
INTEREST on the funded floating debt bonds due from 1911 to
1915 Is payable at the City Treasurers office; on the school building
bonds by Blake Bros. & Co., Boston; on the funded floating debt bonds
due 1901 at the City Treasurer’ s office, or at the First National Bank,
Boston; on all others at the City Treasurer’ s office, or at the National
Bank of the Commonwealth, Boston.
T O T A L DEBT. —The city’s bonded debt on January 1 ,1 8 9 9 , was
$640,000; floating debt, $81,728; total debt, $721,729; sinking fund
and oash and uncollected taxes, $120,819; net debt, $600,910.
ASSESSED VALUATION.—Total assessed valuation (which is about
75 per cent of actual value), was in 1898 $13,715,175. Total tax per
$1,000 in 1898 was $21-00.
POPULATION in 1898 (est.) 2 4 ,0 0 0 ; in 1890 was 19,311.

N E W P O R T . — P. A. J ohnson, Treasurer.
This town is in Sullivan County.
LOANS —
When Due.
6s, J&J, $84,300............... 1901
5s, F&A,
8,200..........................
6s, J&J,
10,000..........................
Town debt Feb. 3,1899..$102,500
Water debt (additional).. 51,300

Total debt Feb. 3,1899..$153,800
Tax valuation 1898.......1,427,128
Total tax (per $1,000) ’9 8 .. .$23-60
Population in 1890 w as.........2,623
Population 1898 (estimated) 3,000

P E N A C O O K . —W illis Gr. Buxton, Treasurer.
Penacook is in Merrimack County.
When Due. Floating debt..................... $1,500
LOANSW ater W orks—
Total debt Feb. 1, 1 8 9 9 .... 71,500
4 1flS, M&N, $70,000.. .July 1,1922 Tax valuation 1896...........629,000
Subject to caU July 1,1907 Assessment from 23to fa ctu a lv a l.
Bonded debt Feb. 15, ’99..$70,000 Total tax (per $1,000) ’98..$19-50
INTE R EST is payable at the office of E. H. Rollins & Sons, Boston.

13

Aprii, 1899.
P I T T S F I E L D . — Pittsfield is in Merrimack County.
Assets..................... ......... $15,924
R efunding T ow n B onds—
Net debt Jan. 1 ,1 8 9 8 ...
42,380
4s. J&J, $31.000........ July 1,1916 Total tax valuation, ’98.1,127,145
Interest payable in Boston.
Assessment about b8 actual value.
Bonds subject to call July 1,1912 Total tax rate (per$ M.)’ 98.$19*00
Total debt Jan. 1 ,1898....$58,304 Population in 1890 was........ 2,605
LO AN S—

When Due.

P O R T S M O U T H . — W. H . Moore, City Clerk.
This city is one of the county seats of Rockingham County. The
city issued $343,000 bonds in aid of the Portsmouth & Dover RR., and
received in return stock of the par value of $344,000. This stock is
now worth considerable more than its face value, and the city has
been selling it and applying the proceeds to the payment of the railroad
bonds. When all these bonds shall have been paid the city will still
have on hand a considerable balance from the sale of the stock.
LOANS.— Interest — , ,---------------Principal.
—,
NAME AND PURPOSE.
P. Ot. Payable.
When Due.
Outstand’g.
Apr.1898
to
1900)
-ri « . Ì
.1883 4
A &
° { Part due yearly, j $6,500
e<£§® I
.1886 4
A & O
Apr. 1, 1901
10,000
.1884 4
A & O
5 5 Ä rf l .....................1884
Oct. 1, 1904
47.000
72
O
r
1 coo 4
.1889
J & J
Jan. 1, 1909
50.000
9 j5 ® ®
,.1894 4
M & N
May 1, 1914
40.000
as®®
.1889 4
M & N
Nov. 1, 1914
57.000
.1896 4
J & J
July 1, 1916
175,000
Optional after July 1
1.1893 4
J & J
Jan. 1, 1913
160,000
..1892 4
J &
■ J
I Jan. 1, 1907
160,000
do
...............,.1892
1892 4
JJ & J Jan. 1. 1912
165,000
IN TE RE ST is payable in Boston and Portsmouth.
T A X FREE.—None o f the above bonds are taxed in Portsmouth.
PAR V A L U E .—Bonds are in $100, $200, $500 and $1,000 pieces;
none registered except $19,500 of the issue o f 1884.
.T O T A L DEBT on January 1,1898, including the water debt, was
£9^0.427; assets in treasury, $49,00»; water debt, $325,000; net debt.
$405,218 The city owns, in addition to the water-works and the Ports­
mouth & Dover RR. stock above mentioned, real estate, including
schools, etc., which is valued at $185,700; personal property (includ­
ing fire department) valued at $51,007. The par value of the Portsmouth & Dover stook held by the city on January 1, 1898, was
$161,200; market value over $200,000.
ASSESSED V AL U A T IO N . —Assessed valuationin 1898 of real estate
and personal property was $8,619,385 (estimated at about \ actual
value); tax rate (per $1,000) $21*60.
PO PU LATIO N .—In 1890, 9 ,8 2 7 ; in 1880, 9,690; in 1 870,9,211;
estimated in 1898 at more than 11.000.

D T I P U ' n ’ C 'T C ’ tD
JW. G. BRADLY, Mayor.
1 H iir t.— ( CHAS. W. BROWN, City Clerk.
This city is in Strafford County. Bonds are tax exempt.
LOANSWhen due. Total debt..........................$374,945
Se w e r B onds—
Sinking fund....................
24,641
3^8, J&J, $111,600.. .Jan. 1,1900 Net debt Jan. 1,1899__ 350,304
($6,500 due yearly.)
Tax valuation 1898.........3,942,570
W ater B onds, 1892.—
Assessment about \ actual value.
4s, J&D, $200,000....June 1,1922 Total tax (per $1,000) ’98..$20*00
Bonded debt Jan. 1,1899.$317,000 Population in 1890 w as........ 7,396
Floating debt.................... 57,945 Population in 1899 (e st.).... 8,000
INTEREST on sewer bonds is payable at city treasury, on water
bonds in Boston, Mass.

R O C K IN G H A M

C O . — W m. H . 0 . F ollansby,

T reasu rer.

County seats are Exeter and Portsmouth.
LOANS—
When due. 3*3?, A&O, $35,000.A pr.,’06 to ’10
Court H ouse bo nd s , 1893.
Interest is payable in Boston.
4s, J&J, $40,000........ July 1,1918 Total debt July 1,1898. $197,500
R efunding B onds, 1893.
Cash on hand Jan. 1,’98
9,540
4s, J&J, $20,000.........July 1,1903 Net debt Jan. 1,1898 .. 187,960
4s, J&J, 12,500.........July 1,1905 Tax valuation 1898___26,843,208
County B ondsCounty property 1895.. 274,105
48, . . . . 20,000......... Oct. 1,1901 Population in 1890 was ...49,650
4s, . . . . 80,000.........June 1,1911

S O M E R S W O R T H . — B. F . H

ansen,

Treas’r.

Total
Debt.
Location—
$
Alton, Belknap Co................. 21,723
Antrim, Hillsborough Co---- 48,132
Ashland, Grafton Co............ 33,255
Barrington, Strafford Co---- 50,558
Barnstead, Belknap Co........ 11,»>34
Bethlehem, Grafton Co........ 12,200
Boscawen(tn),MerrimackCo. 80,800
Campion, Grafton Co........... 18,015
Canterbury, Merrimack Co.. 13,524
Cheshire County................... 13,500
Conway, Carroll Co............... 19,728
Coos C ou n ty ......................... 60,040
Dalton, Cods Co..................... 19,371
Derrv, Rockingham Co........ 24,021
Dorchester, Grafton Co........ 15,531
Dublin, Cheshire Co.............. 19,315
Epping, Rockingham Co....... 33,229
Goffstown, Hillsborough Co. 47,884
Gorham, Co6s Co.................... 11,464
Grafton County..................... 35,531
Hanover, Grafton Co........... 26,954
Harrisville, Cheshire Co....... 15,417
Haverhill, Grafton Co.......... 53,152
Henniker, Merrimack Co.... 10,266
Hillsborough, Hillsbor’h Co. 97,771
Hollis, Hillsborough Co....... 10,107
Lancaster, Co5s C o ............... 110,263
Lebanon, Grafton Co............ 134,147
Lisbon, Grafton Co............... 36.500
Littleton, Grafton Co........... 126,536
Lyme, Grafton Co................. 20,299
Meredith, Belknap Co.......... 48,493
Milton, Strafford Co............... 49,188
New Boston, Hillsbor’gh Co. 15,100
Newcastle, Rookingham Co.. 24,694
Nottingham, Rook’gham Co. 16,067
Pembroke, Merrimack Co.. 12,450
Peterborough, Hillsboro’ Co. 84,251
Plaistow, Rookingham C o.. 21,042
Raymond, Rookingham Co.. 32,433
RoUinsford, Strafford Co___ 10,247
Sandwioh, Carroll C o ... . . . . . 17,352
Seabrook, Rockingham Co.. 11,495
Springfield, Sullivan Co....... 15,542
Stewartstown.Ooos C o........ 10,874
Strafford, Strafford Co........ 10,249
Sullivan County.................... 17,421
Sunapee, Sullivan Co............ 15,466
Thornton, Grafton Co.......... 10,560
Tilton, Belknap Co............... 22,492
Walpole, Cheshire Co............ 16,976
Warner, Merrimack Co........ 23,566
Wilton, Hillsborough Co....... 41,976
Winchester, Cheshire C o ___ 25,940
Wolfeborough, Carroll C o... 110,907
Woodstock, Grafton Co....... 21,506

Assessed
Assets. Valuat’n.
$
$
4,928
611,606
2,856
629,905
888
574,718
10,006
438,192
4,361
476,250
»19
722,293
1,800
607,470
8,275
346,697
3,521
425,407
15.024 17,979,702
1,529
874,804
15,150 10,096,190
3,811
159,009
8,754 1,312,906
3,899
100,930
20,222
557,941
4,612
694,588
1,445 1,197,k84
3,354
503,006
8,901 17,707,95 5
21,916 1,104,336
4,560
335,100
10,289 1,256,097
2,085
695,177
10,622 1,138,150
1,876
5-0,732
13,633 1,447,727
20,992 2,566,736
4,029 1,075,670
24.025 1,651,604
6.360
462,996
8,968
608,871
49,599
595,742
3,268
581,635
4,347
275,350
2,037
320,903
2.396 1,188,832
14,367 1,404,305
1,569
342,536
2,575
417,256
140 1,179,666
........
443,114
5.361
291,775
3.396
136,982
861
375,556
4,406
445,474
8,610 8,641,991
2,055
446,486
7,288
180,232
8,158
858,739
6,116 1,525,870
874
638,741
3,413
946,280
4,892 1,249,474
4,150 1,109,268
18,312
199,326

Tax Popu
Rate, lation.
$
21*00 1,372
21*16 1,248
13*90 1,193
20*50 1,408
22*50 1,264
18*70 1,267
18*60 1,487
21*10
982
16*00
964
....... 29,579
16*20 2,331
........ 23,211
29*15
596
19*50 2,604
31*50
379
12*50
582
19*50 1,721
14*10 1,981
20*00 1,710
........ 37,317
17*60 1,817
17*00
748
21*40 2,545
19*50 1,385
19*70 2,120
15*30 1,000
22*80 3,373
18*40 3,763
20*40 2,060
23*40 3,365
17*50 1,154
22*90 1,642
17*70 1,640
15*40 1,067
15*90
488
16*70
988
14*40 3,172
18*60 2,507
17*00 1,085
18*20 1,131
16*10 2,003
27*50 1,303
20*00 1,672
28*00
540
16*20 1,002
19*00 1,304
........ 17,304
17*30
900
30*60
632
19*00 1,521
14*30 2,163
15*20 1,383
16*00 1,850
16*50 2,584
23*40 3,020
25*60
341

State of Vermont.
ITS

D E B T , R E SO U R C ES, &c.
Admitted aa a State (A ct February 18 1791) March 4, 1791
Total area of State (square miles)
9,565
State C a p i t a l ............................................................Montpelier
Governor (term expires Oct. 1900)
Edw. C. Smith
Secretaryof State, (term expires Oct. 1900) - Fred. A . Howland
Treasurer, (term expires Oct. 1900),
John L . Bacon
Legislature meets biennially in even years the first W ednes­
day in October, and length of session is not limited.

H ISTO R Y OF D E B T —For a brief history of the Vermont State
debt see State and Cit y Supplement of April, 1895, pages 15 & 16.
Gen ' l I ndebtedness BondsThe liabilities o f the State on July 1,1898, were as follow s:
48, A&O, $120,000..Oct. 1,1899to
LOANS,— Interest.— , ,------------ Principal.----------->
Oct. 1,1918
NAME AND PURPOSE.
Rate. Payable.
When Due. Outstand’g.
($2,000 yearly to 1909; $4,000 to
Agricultural
College
F
u
nd___
6
J & D June 1, 1910 $135,500
'14; $5,000 to ’ 17; $63,000 in ’ 18.)
Floating debt July 1 ,1 8 9 7 ........................... .......................
167,722
W ater -W orks B ondsState school tax to be distrib’ d 5
.......................................
87,195
48, A&O, $177,000. Oct. 1 ,1903-’ 18
do highway do
do
5
.......................................
87,195
($2,000 yearly to 1907; $3,000 to
INTEREST is payable at the State treasury.
’ 12; $4,000 to ’ 17; $132,000 in ’ 18.)
T O T A L D E B T , ETC.—The total debt of the State on July 1, 1898,
not including State school and highway taxes distributed July 1,1898
S T R A F F O R D C O . —George D. N owell, Treas. was $303,222. On July 1,1898, the total resources were $537,619 59,
County seat is Dover.
Including cash on hand and in banks $137,431 76.
LOANS—
When Due. Total debt Jan. 1,1899 $120,000
ASSESSED VA LU ATIO N .—The State’ s assessed valuation and tax
F unding B ondsCash, etc.........................
55,ft04 rate have been as follow s:
48, J&D, $20,000........ Dec. 1,1899 Net debt Jan. 1 1898..
64,496
■Assessed valuation. ------------------- , Tax rate
($10,000 due y’rly) to Deo. 1,1900 Tax valuation in 1898.21,054,714
Real.
Personal.
Total.
per $1,000
4s, J&D, $5,000 ......D e o . 1,1901 Av. tax rate (p. $1,000) ’98.$19*50 Years.
$41,123,154
$157,265,133
$1*50
4s, J&D, 70,000 g ___ Dec. 1,1911 Population in 1890 was...... 38,442 1898.........$116,141,979
174,391,149
2*50
1897......... 114,994,441
59,396,708
JAIL NOTFi
60,996,759
174,697,223
1*00
1896........ 113,700,464
4*38, A&O, $25.000 ..Oct. 19,1908
173,799,755
2*20
1895........ 112,099,284
61,700,471
INTEREST on the 4 per cent bonds is payable at the National 1894......... 112,087,665
63,045,247
175,132,912
1*00
Bank of Redemption, Boston, Mass.
1893........ 110,787,989
65,263,376
176.051,365
2*50
1890........ 112,895,125
178,052,513
........
65,157,388
The tax rate for 1898 was $1*00 per $1,000 for State school
W H I T E F I E L D .— This viUage is in Coos County.
and State highway taxes of 50 cents each per $1,000, collected
LOANS —
When Due. •Net debt Jan. 1 ,1 89 8 .........$66,670 and re-distributed to towns on a basis o f the number of schools and
W ater B onds, 1894—
) Tax valuation 1898........... 718,708
4s, J&J. $60,000........ Jan. 1,1914 Assessment about ^ actual value. road mileage.
DEBT LIMITATIONS.—There appears to be nothing in the Consti­
Optional after Jan. 1, 1899 |Tax rate (per $1,000) ’98...$19*00
Total debt Jan .l, 1898....$71,525 i Population 1890 (Tow n). . . . 2,041 tution or in the Statutes of Vermont providing a general limit to the
Assets.................................. 4,855 I Populat’n 1895 (Village) est. 1,500 debt-making power of municipalities. Whatever in each case the Leg­
INTE R EST is payable at the Whitefleld Bank & Trust Co.
islature authorizes, the city, town, county or other civil division can
issue. Of course the purpose of the improvement must be o f a public
character. Railroad subscriptions by towns are authorized by Section
A D D IT IO N A L
ST A T E M E N T S.
In the table below we give statistics regarding all minor civil 2760, chapter 132 of the Revised Statutes, the section being as follows :
Section 2760. A town may aid in the construction of a railroad or­
divisions in the State of New Hampshire whioh have reported an
indebtedness of over $10,000, and which are not represented among ganized under the general law by issuing bonds to aid such railroad,
by taking capital stock therein, or-in such other manner as it directsthe foregoing detailed reports. We add the population in 1890.

This city is in Strafford County.
LOANS—
When Due.




Bonded debt Jan. 1,1899.$297,000
Assessedvaluation 189^.3,129,000
Assessment about actual value.
Tax rate (per $1,000) ’98...$20*90
Population in 1890...............6,300
Population in 1899 (est.)__ 7,000
INTEREST is payable at Old Col­
ony Trust Co., Boston.

14

STATE AND CITY S U fflE M E N T .

but the liability so assumed shall not exceed eight times the grand list
o f the town at the time. Such aid shall he given in the way provided
In this chapter.
It will be noticed that this section contains a limit to the pow er
granted of making subscriptions in aid of railroads—to w it: That the
subscriptions shall not exceed eight times “ the grand list.” To evolve
the “ grand list ” in Vermont, the authorities first prepare a schedule of
all the property, real and personal, of each individual, with valuations
entered at their real value in money, deducting debts ow ing; after this
is done “ the grand list” is made up by taking one per cent of that
amount, according to Section 317, Chapter 25, of the Revised Statutes,
which is as follows: “ All taxable property shall be set in the list at one
“ per cent of its value in money on the first day o f April of the year
“ in which the list is made.”
Following Section 2760, above cited, which authorizes subscriptions
in aid o f railroads, are other sections describing the method in which
these subscriptions must be made, by calling a town meeting, voting,
&o., &c. Then follows Section 2766, authorizing the issue of bonds.
Section 2766. Such town may issue bonds, with coupons payable
semi-annually, at a rate of interest not exceeding seven per cent, to
aid such road.
The only other general authority granted for the issue of bonds by
municipal corporations in Vermont is that given for refunding out­
standing bonds and notes. The Sections which grant this power are
Sections 2769, 2775 and 2776, Chapter 132 of the Revised Statutes,
Sections 2769 and 2776 are as follows:
Section 2769. A town which has outstanding and unpaid negotiable
notes or bonds, issued to pay for stock subscribed to a railroad com.

, under any act of the general assembly, may issue other nego.
3notes or bonds to pay or retire such outstanding notes or bonds.
Section 2,775. A town having outstanding and unpaid orders, notesbonds or coupons, issued under any act of the Legislature, for the pur.
pose of the erection of public buildings, or in a li '»f public improve,
mentsi, or for the payment of soldiers® bounties, may issue other
negotiable notes or bonds for the purpose of retiring the outstanding
orders, notes, bonds and coupons, in the same manner that it may issue
new notes or bonds to pay or retire outstanding notes or bonds issued
In aid of a railroad; and the powers, restrictions, duties and liabilities
o f the town and town officers in the matter shall be the same as is
provided by law in the case of the refunding by a town of town bonds
issued in aid of a railroad; and the interest on such new notes or bonds
shall be provided for in the same manner.
By Section 2776 municipal corporations other than towns have the
same refunding powers granted them which are conferred upon towns
by the two sections.last above cited.
The only other section which we need quote is Section 2751 of
Chapter 130, which names the objects for which towns may vote money.
I f money is appropriated for any other object, the Charter or a special
statute must be looked to for the authority.

S

Section 2751.—Towns in town meetings may vote such sums of
money as they judge necessary for the support of the poor; for laying

out and repairing highways; for the prosecution and defense of the

common rights and interests of the inhabitants, and for other necessary
ncidental town expenses.

POPULATION OF S T A T E .—According to the first census (1790) the
population of Vermont was 85,425, of which 44,756 were males, 40,398
were females and 271 free colored. The total in 1800 was 154,465*
Since that date each ten year aggregate is given below.
1 8 9 0 ............... 332,422 1860................ 315,098 1830................280 652
1880............... 332,286 1850................314,120 1820.......... ...2 3 5 966
1870...............330,551 1840................291,948 1810................217,895
SAVINGS BANKS IN V E S T M E N T S -P R IV IL E G E S AND RE­
S T R IC T IO N S.—The provisions of law relating to savings banks are

found in Chapter 174 of the Vermont statutes, Sections 4066 to 4131
incluf iv*, as amended from time to time. The first section having ref­
erence to investments is Section 4096, which treats of real estate
mortgages. It authorizes the investment of 70 p.o. of the assets in such
mortgages, one-sixth at least of which “ shall be upon real estate in this
State ” —that is Vermont. A proviso adds that only 50 per oent of the
assets may be invested in mortgages on real estate outside of Vermont.
Sections 4097 and 4098 relate only to obtaining and paying for in­
surance. Section 4099 is as f ollows, and has reference to investment
on personal security.
Section 4099—No loans or investments on personal security shall be
made except upon at least two approved names, not less than two of
whom reside in this State or within fifty miles of the institution making
such investment, and such personal loans or investments shall not be
for a longer time than one year; and not more than one-third o f the
assets of a savings bank, savings institution or trust company shall be
invested in personal securities.
Section 4100 only covers a single point; that is to say it restricts to
-five per cent of the deposits the amount which a savings bank may
nvest in the lot and building for the transaction of its business, and
adds that a revenue may be derived from portions of the building not
required for the bank’s use. The next section (Section 4101) covers
the most important of the provisions relating to investments that are
contained in the law. We give the section in full below. The separation
into paragraphs and the figures in parenthesis; which number and begin
the paragraphs are our own.
Section 4101—With the foregoing exceptions, the moneys deposited
in Savings’ Banks, Savings’ Institutions and Trust Companies, and
the income therefrom, shall be invested only as follow s:
(1.) In the public funds of the United States, or public funds for the
payment of principal and interest of which the faith of the United States
is pledged;
(2.) In the bonds or notes of the counties, cities, towns, villages and
school districts of the New England States, New York, Pennswvania
Ohio, Michigan, Indiana, Illinois and Iowa;
*
(3.) In the stock of any national bank in the New England States.
New York and the cities of Detroit, Chicago, St. Paul and Minneapolis;
in the stock of any banking association or trust company incorporated
under the authority of andlocated in this State;
(4.) In the municipal bonds, not issued in aid of railroads, of
counties, cities and towns of five thousand or more inhabitants in the
States o f New Jersey, Wisconsin, Minnesota and Missouri, and in
counties, cities and towns of ten thousand or more inhabitants in the
States of Kansas, Nebraska, North Dakota. South Dakota, Oregon
and Washington, but no investment shall be made in any of the
counties, cities or towns in the States above named, except in cities
of fifty thousand or more inhabitants, where the municipal indebted
ness o f such county, city or town exceeds five per cent of its assessed
valuation, and when not issued in aid of railroads;




Vol. LXV1II

(5.) In the school bonds and independent school district bonds of New
Jersey, Wisconsin, Minnesota and Missouri; and in the school bonds and
independent school district bonds of school districts of two thousand
or more inhabitants in the States o f Kansas, Nebraska, North Dakota,
South Dakota, Oregon and Washington, where the amount o f such
bonds issued does not exceed five per cent of the assessed valuation of
the respective cities, towns and school districts.
(6.) In the public funds of any of the States named in this section;
in dotes with a pledge of any of the aforesaid securities, including de­
p o r t books or deposit receipts, issued by a savings bank, savings
institution or trust company or banking association located in this
state, as collateral, such notes not to exceed the par or market value
of such security;
(7.) But no savings bank, savings institution or trust company shall
hold, by way of investment or as security for loans, more than ten
per cent of the capital stock of any one bank, nor invest more than ten
per cent of its deposits, nor more than thirty-five thousand dollars in
the capital stock of any one bank; and no such investments shall be
made in the capital stock o f any such banks, owned or loaned upon, to
exceed in the aggregate one-fourth of the deposits of any savings bank
savings institution or trust company.
The amount of loan which can be made to one person or corporation,
&c., is restricted by the next section, and we give it in full. It is as
follows:
Section 4102—N o savings bank, savings institution or trust company
shall loan to any one person, firm or corporation, or the individual
members thereof, more than five per cent of its deposits, nor more
than thirty thousand dollars; nor shall such loan on personal security
exceed ten thousand dollars.
We also [give Section 4106 in full. It confers authority upon sav­
ings banks to make deposits on call in banks and trust companies in
certain States and cities, and is as follows.
Section 410»-'.—The words “ trust company” in this chapter shall be
construed to include savings banks and trust companies. A savings
bank, savings institution or trust company may deposit on call in
banks, banking associations or trust companies In this State, or in
the cities of New York, Boston or Chicago, or in national banks in
the cities of St. Paul, Minneapolis and Kansas City, with or without
interest, as may be agreed upon, sums not exceeding in the aggregate
twenty per cent of the assets of such savings bank, savings institution
or trust company.
Section 4107 enacts that savings banks may hold real estate acquired
on foreclosure or otherwise taken to secure debt, but it must be sold
within five years, &c. Section 4108 authorizes savings banks to de­
mand and receive on loans 6 per cent interest.

Cities , Counties

and

T owns

S T A T E OF V E R M O N T .
B A R R E . — BURT H. WELLS, Treasurer.
This city is in Washington County.
LOANS —
When Due. Bonded debt Mar. 1, ’98. $138,000
R efunding B onds, 1896—
Floating debt..................
26,376
4s, M&N, $15,000..... May 1,1906 Total debt Mar. 1,1898.. 164,376
4s, M&N, 15,000..... May 1,1911
56,908
Assets...............................
4s, M&N, 15,000......May 1,1916 Tax valuation 1897........ 2,594,211
Se w e r B onds—
Assessment about 23 actual value.
4s. J&J, $75,000... .July 1,1909 Tax rate (per $1,000)..
26*70
School B onds—
Population in 1897 (e st.)___8,300
413s, J&J, $18,000__ July 1, 1911 Population 1890.................... 6,812
INTEREST on refunding bonds is payable at the National Bank o f
Redemption of Boston; on other bonds at National Bank of Barre.

B E N N I N G T O N . — C. H . Dewey , Treasurer.
A village in Bennington Co., forming part of town of Bennington.
LOANSWhen Due. Total debt Jan., 1899___ $40,000
Se w e r B ondsTax valuation 1 8 9 8 ....... 2,183,820
48, J&J, $35.000........ 1900 to 1916 Population in 1890 was........ 3,971
($2,000 due yearly.)
Population 1899 (estimated). 5,000
4s, J&J, $5,000........ Jan. 1,1917
E. D. WELLING. Moderator.
E. A. BDOTH, Clerk.
A shire town in Bennington County. (See separate statement for
village of Bennington.)
LOANS—
When Due. Assessed valuation, real. 3,305,949
R efunding B onds Assessed val’t’n, pers’l.. 1,412,516
48, J&J, $100,000.......July 1,1917 Total valuation, 1897...4,718,465
4 s , .......
9 ,0 0 0 ....,Jan, 1,1900 Tax rate (per M), ’98.............21*004s.......... 10,000........Jan. 1,1901 Population 1890.....................6,391
Bonded debt Jan. 1 ,’ 99.. $119,000 Population 1898 (est.)...........8,00

B E N N IN G T O N .

B R A T T L E B O R O . — W . H . B rackett, Treas'r.
This town is in Windham County.
When Due. Total debt Jan. 1 , 1899..$76,00o
Assessed valuat,ns,real $2,810,635
4s. J&J, $15,000.......July 1,1918
Assessed valuations, p’1.1,816,715
R oad I mpv ’ t B onds —
Total valuations 1898.. 4,627,3504s........... $6,000.............. 1899-01 Assessment about actual value.
5,000.............. 1899
4s...........
Total tax rate (per M )......... $20*1(>To w n H all B onds—
Population in 1898 (est.)___7,000
4s, J&J, $50,000...............1909-19| Population in 1890................6,862
INTEREST on town-hall and bridge bonds is payable in New York;
on other bonds in Brattle boro.
LOANSB ridge Bonds—

p r T D T t v r /—•t / '’ i 1ST 5ELLIOTM . DUTTON, Mayor.
±5 U JrC.J_.llN U i U l N . — \ l . C .GRANT, Treasurer.
This city is in Chittenden County.
LOANS.— Interest.— . ,----------- Principal.----------,
NAME AND PURPOSE.
P.Ct. Payable. When Due. Outsland'g.
J & J Jan. 1,1914-15 $40,000
City improvement bonds........ 4
Water b on d s............................ . 4
J & J Jan. 1,
Refunding imp. bonds........... . 4
J & J Jan. 1,
do
do
........... . 4
J & J Jan. 1,
do
RR. bonds, 1891.. . 4
A & O Apr. 1,
Subject to call Apr. 1,
do water b on is.......... . 4
J & J Jan. 1,
do
do
.......... . 4
J & J Jan. 1,
School bonds........................... . 4
A & O Apr. 1,
do
........................... . 4
J & J Jan. 1,
do
........................... . 4
A & O Oct. 1,
do
........................... . 3^2 J & J July 1,
Street improvement bonds.... 4
J & J July 1,
do
............................. 4
J & J July 1,
do
............................. 4
J & J July 1,

1919
1913
1914
1931
1911.
1906
1914
1913
1914
1915
1923
1915
1917
1918

65,000
20,000
15,000
160,000
160,000
30,000
37,000
20,000
25,000
H5,000
20,000
20,00020,000

April, 1899.

15

MASSACHUSETTS—0£8T Of STATE

INTEREST on the ref unding water bonds due in 1906 and on the
refunding railroad bonds is payable at the Fourth National Bank,
New York; on all other bonds at the office o f the City Treasurer.
T O T A L DEBT, SINKING FUND, Et c —The city's bonded debt
on February 1,1899, was; $717,000, of which $255,000 was water debt;
floating debt, $37,000; total debt, $754,000; sinking funds, $181,572
net debt, $572,428. The sinking fund is Invested in city bonds, and
the interest amounts annually to about $6,000. In addition 5 per cent
o f the taxes, amounting to about $6,000, is annually appropriated to
the sinking fund.
ASSESSED VALUATION .—The assessed valuation (about 80% of
actual value) and the tax rate have been as follows in years indicated
Tax rate
-Valuation.per $1,000
Total.
Per8onal.
Real.
Tears.
$15-00
$12,815,955
1898........ ................................
15 00
12,884,690
1897.........................................
15-00
12,139,800
1895.........................................
12 0 0
$3,217,209
10,145,172
1890..................... $6,927,963
11-00
8,450,000
1886.........................................
POPULATION —In 1890 the population was 14,590; in 1880 it was
11,365; in 1870 it was 14,387. According to local figures the popula­
tion in 1897 was about 17,000.

R U T L A N D . — W ill . L. Davis , Treasurer.
This city is in a town and a county o f the same name.
LOANS —
Whendue. L O A N S -

When Due.

General D ebt-

W ater D ebt—

S chool D ebt -

R efunding W ater B onds—

48, J&J, $25,000..........June, 1926 4g, M&N, $50,000*....... May, 1924
4g, M&N, 100,000*.........May, 1924 4g, M&N, 65,000*........Nov., 1924
2,000......... NoV., 1925
4g, M&N, 50,000*....... Nov., 1924 4s............
3 sis....... $30,500*..........Jan., 1929
Bonded debt Jan. 1, '99. $504,500
Floating debt..................
29,415
Total debt......................... 533,915
Sinking fund, e t c ............
26,980
Net debt, Jan. 1, 1899... 506,935
Total valuation 1898 .. 8,012,293
Total tax rate (per M.), ’ 98.$15-00
Population in 1890 was___ 8,239
Se w e r D ebt—
4g, M&N, $25,000*........Nov., 1924 Population in 1880 was___ 7,502
4g, M&N, 7 5,000*....May 1,1926 Population in 1899 (est.)... 14,000

58, $6,000*...................1899 to 1900
($2,000 due yearly in Dec.)
4 s , ....... $1,000*.........Nov. 1,1899
4s, . . . . , $40,000*....... 1904 to 1919
($10,000 due every 5 yrs. in Nov.)
4 s ,.......$30,000*............ May, 1925
5,000 .......... Nov., 1925
4 s ,.......
Temporar* loan,$8,500,0ot. i4,’99

* Coupon.
INTEREST is largely payable at Nat. Bank of Redemption, Boston.

A T D A M C
> FULLER 0. SMITH. Mayor.
?B. D. HOPKINS, Treasurer.
This city is in Franklin County. This city was organized March 2,
1897, and comprises the most populous portion of the town of St.
Albans. The town is a wholly separate municipality.
LOANS —
-— Interest.— . ,--------------Principal,------------- .
NAME AND PURPOSE.
P.Ot. Payable.
When Due. Outstanding.
. r ( "$5,000
yearly '
L U D L O W . — Frank A. W alker , Oierk
$45,000
Town—Refunding bonds. 3 1« J
( ".on J u ly 1.
This village is in Windsor County.
(The city’ s proportion is 15,221.)
LOANS—
When Due. Total debt Feb. 1, 1899.. $34,000 Town—Fu nding.... 1897
F & A ^ Feb1908-14 >
35.000
Tax valuation 1898.......... 659,258
1
( $5,000 yearly. J
Sew e r B onds—
A Ar n 5 O ct.l,’99,tol909 )
4s, A&O, $9,000.........Apr. 1,1905 Assessm’t abt. 55 p.c. actual value City—Water bonds 1890
55.000
A & ° I $5,000 yearly. $
Subject to call after Apr. 1,1897 Tax rate (per $1,000) '9 8 .. $18-00
Population in 1890 w a s .... 1,081
r , ta ( Dec. 1, ’ 99-1907 )
W ater B onds —
63.000
do
do
’ 92
J & u * $5,000 yearly. 5
4s, J&J, $10,000........Jan. 1,1910 Population in 1899 (est.)... 1,250
Subject to call after 1900
A& o \ Potl, l§9S’i8.'
37.000
do
do
’
94
$2,000
yearly.
4s, J&J, $15,000.... Jan. 1,1915
. n <Deo. 3 0 ,1899-’2 1 )
Subject to call after Jan. 1,1905
23.000
School Dist. bonds 1896
*
u
(
$1,000
yearly.
5
INTEREST on the sewer bonds is payable at the Ludlow Savings
PAR VALUE.—The City 4s are for $500 and $1,000 each.
Bank & Trust Co.
INTEREST is payable in Boston at National Bank of Redemption.
T O T A L DEBT, ETC.—Citr’ stotalfunded debt February 1,1899,was
M I D D L E B U R Y . — Middlebury town, including the vii$248,222;
floating debt, $3,200; total debt, $251,422.
lage of the same name, is situated in Addison County.
ASSESSED VA LU ATIO N .—City’ s assessed valuation (same as
TILLAGE.
TOWN.
LOANS—
When Due. actual value) in 1898 was $3,502,901, including polls; tax rate (per
LOANS—
When Due.
4 s , ..........$27.500 .........1899-1917 Water 4s, $30,000.................... 1921 $1,000) $22 -00 .
C IT Y P R O P ER T Y . —The City owns its water works and two
Bonded debt Mar. 1,1898.$28,000 Bonded debt Mar. 1,1898.$30,000
Tax valuation, 1897.........1,900,000 Tax valuation 1897......... 1,000,000 reservoirs, with a dual capacity of 240,000,000 gallons. In year
1898-99
cash water reoeipts were $16,984; operating expenses, $5,211.
Total tax per $1,000 ’97.
$13-50 Tax rate (per $1,000) ’97....$20-00
POPULATION.—Town’s population in 1890 was 7,771; city’ s pop­
Population 1890......................2,793 Population 1890......................2,793
ulation 1899 (estimated), 6,500.
tvit
>isjn r T"* TT T TTTT3 __ XJOHN H. SENTER, Mayor.
JVILJ1N
I Jr'rL.JL.lH.rt.— JT. R. MERRILL, Treasurer.
i r ^ Q p t r '\ T '\ T 1 7 C
5 DR. E. W. SHIPMAN, Mayor.
The city is situated in Washington County. On March 5, 1895, the V ILJriLx.tI.lN IN JtLO.— \ j . a . HARRINGTON, Treasurer.
This city is situated in Addison County.
town,village and school district were consolidated under a city charter.
When Due. \Total debt Feb. 15,1899. $66,000
When Due. Bonded debt Feb. 1,’ 99.. $123,000
LOANSLOANSTax valuation, 1898........ 760,931
W ater B ondsFloating debt................... 17,500
R efunding B onds—
Total debt Feb. 1, 1899.... 140,500 48, Aug. 1, $26,000 ..June 1,1908 Assessment about % actual value.
3 % s ,. . . . , $40,000...................1919
Sinking fund assets__ ....13 6 ,8 5 1 4s, Sept. 1, 20,000..Sept. 1,1914 Tax rate (per $1,000) 1898. .10-00
(Subject to call after 1904.)
Tax valuation 1898........ 4,606,947 Floating debt..................... $20,000 Population in 1890 w as........ 1,773
W ater B onds 48, J&J, $3,500......... July 1,1904 Assessment about % actual value.
Interest on bonds due in 1908 is paid by the City Treasurer; on those
Total tax (per $1,000) ’98..$15-00 due in 1914 interest is paid in Boston.
(Subject to call.)
4s, A&O, $30,000.......Apr. 1, 1914 Valueof water-wks.owned.136,851
do
real estate owned. 30,000
(Subject to call.)
4s, J&J. $17,000.................... 1917 Population in 1890 w as.........4,160 W O O D S T O C K . — F. 0 . Southgate, Treasurer.
4s, J&J, 17,500 ....................1917 Population in 1899 (est.)___6,500
This town is in Windsor County.
4s, J&J, 15,000....................1917|
$19,548
LOANS—
When Due. Net debt Feb. 7,1899..
Valuation, real, 1898.. 1,189,193
INTEREST on the $30,000 w iter loan is payable at Montpelier
RR. A id B onds—
National Bank and upon the other loans at the Treasurer’s offloe.
4s, A&O, $12,000........ Oct. 1,1900 Valuation, personal___ 1,347,440
Subject to call at any time. Total valuation 1898... 2,536,633
debt..................... $10,417 Assessment about 23 actual value.
M O R R I S V I L L E . — F. G. F l e e t w o o d , Treasurer. Floating
$14-88
Total debt Feb. 7 ,1 8 9 9 .......22,417 Tax rate(per $1,000)’98
Population in 1890 was...... 2,545
Assets..................................
2,869
Is in Lamoille County.
INTEREST
is
paid
at
the
Woodstock
National
Bank
and
at the
LOANS —
When Due. Bonded debt Feb. 1,1899. $49,000
W ater & E lec .-L ight B ondsFloating debt.....................
l ,500 National Revere Bank in Boston.
48, F&A, $5,000..........Feb. 1,1900 Total debt Feb. 1, 1899... 50,500
4s, F&A, 14,000..........Feb. 1, 1905 Total valuation 1897........ 600,000
4s, F&A, 10,000..........Feb. 1,1910 Assessment about *3 actual value.
4s, F&A, 10,000..........Feb. 1,1915 Tax rate (per $1,000) ’ 97. $21-00
4s, F&A, 10,000..........Feb. 1,1920 Population in 1895 (est.).
1,600
INTEREST is payable at the Nat. Bank of Redemption, Boston.

F A IR

H A V E N . — Fair Haven is in Rutland County.

When Due. I Bonded debt Aug. 1,1898..$26,000
I Tax valuation 1898........1,169,025
$19-50
4s, J&D, $26,000..................... 1905 Tax rate (per $1,000) '98
Population 1890..................... 2,791
Subject to call after 1895.

on-

ST. A L B A N S . —

LOANSW ater B onds—

N E W P O R T . — H . S. H o o t , Treasurer.
This village is in Orleans County.
LOANS —
When Due. Total debt Jan. 1 ,1 8 9 9 ... $47,500
W ater B onds—
Tax valuation 1898........1 ,022,653
4s, J&D, $40,000.......June 1,1920 Tax rate (per $1,000) ’98. ..$13-50
Bonded debt Jan. 1,1899. $40,000 Population in 1890 w as.......1,730
7,500 . Population 1896 was (est. )..3,000
Floating debt.....................
INTEREST is payable at the Third National Bank, Boston.

N O R T H F I E L D . — H . 0 . Cady , Treasurer
This village is in Washington County.
Floating debt..................... $5,000
Total debt Feb. 1, ’99,.......... 40,000
48, J&D, $35,000.......June 1,1917 Assessed valuation, 1898.-599,131
($5,000 subject to call after 7 yrs., Assessment about % actual value.
and $20,000 after 10 years.)
Population 1899 (est.)........... 1,500
LOANS —
When Due.
E lectric Plant B onds-

P R O C T O R .— This village is in Rutland County.

LOANSWhen Due.
4s, J&J, $o0,000...Jan. 1. 1900-22
(Subject to call after 1900.)
Bonded debt Feb. 1, ’98.. $50,000
Other debt....................... 11,500
Total debt Feb. 1,1 89 8 .. 61,500

Tax valuation, real........ $920,000
Tax valuation, personal. 150.000
Total valuati m 1897___1,070,000
Tot. tax rate(per$l,000)’ 98.$1350
Population in 1897 (e st.)___1,900
Population in 1890 was........ 1,758

INTEREST is payable at Village Treasurer’s office.

R A N D O L P H .— W. H

D u Bois, Treasurer.

This village is in Orange County.
LOANS —
When Due. Tax valuation, real........$614,410
W ater S upply B onds, 1887—
Tax valuation, personal. 487,856
4s, J&J, $19,000........ July 1,1907 Total valuation 189 4___1,102,266
Subject to call at any time. Total tax (per $1,000) ’98.. $10*00
Int’st payable at Treasurer’s office. I Population in 1890 w as........ 1,634
Total debt Jan. 1 ,1 8 9 9 .. $19,000 I Population in 1880 w as........ 1,060




State of Massachusetts.
DEBT,

R E SO U R C ES,

E tc.

Admitted as a State
One of Original Thirteen
Total area of State (square miles)
8,315
State Capital
........................................ .........
.
Boston
Governor (term expires 1st W ed. Jan., 1900) - Roger W olcott
Secretary of State (term exp. 3d W ed. Jan.. 1900) W m . M. Olin
Treasurer (term expires 3d W ed. Jan., 1900) Edward P. Shaw
Auditor
John W . Kim ball
Legislature meets annually the first Wednesday in January,
and sessions are not limited as to length of time.
H ISTO RY OF D EBT.—For history of the State debt see State
City Supplement of April, 1895, page 18. The debt at present is
given in detail in the following table. All loans are payable, both prin­
cipal and interest, in gold.
LOANS<-----Interest.-----. ,-----------Principal.------ —>
NAME AND PURPOSE.
P.Ot. Payable.
When Due. Oulstand’g.
Abolition of grade crossings., r 3 !2 g M & N Nov. 1,1923 $500,000
do
do
0 3*2 g M & N Nov. 1,1923 4,000,000
do
do
r 3 g M & N Nov. 1,1923 500,000
do
do
r 3*s M & N May 1,1928 1,500,000
Armory bonds, gold.................. r 3 g
M & S Sept. 1,1918 830,000
do
do do....................r 3 g M & S Sept. 1,1920
55,000
do
do do........... . . . , r 3 g
M & S Sept. 1,1921
95,000
do
do do....................r 3 g M & S Sept. 1,1922
100,000
do
do do....................r 3 g M & S Sept. 1,1923
110,000
do
do do....................r 3 g M & S Sept. 1,1925
150,000
do
do
do.................. 3
............
Mar., 1927
120,000
and

1 6

&TATE yfcTlD CITY SUfpJ-EMETIT,

Voi. LXV ili

This general limitation was lowered by a later law. The provision isfound in Chapter 312, Section 2 of the “ Public Statutes,” which provi­
sion" reduces the general debt limitation from 3 per cent to 2*a per
cent on the average valuation for the preceding three years. Worcester,.
Lynn, Gloucester and Brockton are in the same Section exempted from
the operation of the Section until January 1,1889—later than 1889 the
only exemptions we find in the Statutes are special in their purpose,,
do
3*2 A A O
A p r - 1,1928
3UO.000
do
not general.
Hospital l o a n s . " " ‘ " ” ~ - . r 3*2 g M & N Nov. 1 , 19|5
300|000
The temporary loans provision, as it appears above in ec on
ao
do ...................... -r 3 _g M & N Nov. 1,1925
M e d & I n ^ e A ^ ^ | 4 g A & 0 Apr. 1,1924
700,000 (Chapter 29), is also changed by Section 4, Chapter 312, by omitting
3*2
g
A
&
O
Apr.
1,1915
do
do
25,000 “ and of the year next ensuing; ” so that at present cities and towns by
3Ì3 ............
April, 1927
Massachusetts W artoan 1898. 3
A & O f p r . X 1 ^ 8 1.000.000 ordinary vote can incur debts for temporary loans in anticipation of
the taxes of the year only in which such debts are incurred.
Temporary loans (for a term not exceeding one year) in anticipation
80,000
Jan., 1930
3*2
do
do
300,000
.......
Jan.,
1935
—
,
-of money to be derived from an issue of bonds or other form o f indebt,
«*2
do
do
r 3*2 g j À j Jan. 1,1934 1.800,000 edness, duly authorized, are provided for by a statute approved June
Parks (Metropolitan)
;r
* g j & j
i;
; o o 14,1898. The same A ct states that the time within which said bonds,
d0
do
.....................
3 & 3
July i . U938 1 ,'»00,000 etc., shall become due shall not be extended by reason of said tempor.
d®
X®
ary loan.
.
The foregoing statements cover all the material facts general in tneir
S U J .H o u .e c o n s ^ .n .." , 3| A & O
“ 'ggS^OOO application passed with respect to debt limitation. In addition to
these General Provisions there are various Special Laws which contain
p
fS
ft
¡4 * 1 ^ 0
« »
exceptions to the general law as to debt limitation, which apply to Bos­
W . ^ l„an,M etroS»lltaM ;9|
gJ & J ton, Cambridge,
^
3
t l f f i 6Lynn,
® 0 0 Newburyport,
0
Waltham, Worcester, &c., &c.
&
do
’98 3 * f J A J Jan. 1,1938 4,000,000
SAVINGS BANK IN V E ST M E N T S—P O W E R S AND RESTRICT
T IO N S —The provisions regulating the investments and loans o_
Bonds over due, not presented...................................................
° ’w
PAR VALUE OF BONDS.—The coupon bonds are in $500 and savings banks and institutions for savings in
tainea in Section 21, Chapter 317, acts of 4894».^ ° ^
$ 1,000 pieces and the registered $1,000 and upward.
thereof. All the provisions have been compiled by the Comnfissioners
INTEREST on all sterling bonds is payable by Baring Brothers, of Savings Banks, and we cannot do better than to give their compila­
tion, which we do below in full. As we go to press a
w be/or«
London; on all others at State Treasury, at Boston.
the Legislature materially extendinqthe authority to p u r r a U r o a x l
T O T A L DEBT, SINKING FUNDS, ETC.-The subjoined statement bonds—see editorial elsewhere in this number of the State and City
„hows Massachusetts’s total funded debt and the sinking fund.
Supplement .
Massachusetts savings bank deposits and_the income derived there­
Tan 1 ’ 99
Jan. 1 . ’98.
Jan. 1, ’97.
Total funded debt..........$59,786,229
$51,563,729
$40,636,729 from shall be invested only in manner following, to-w it:
13,458,574
Sinking funds, etc.......... 15,539,737
13,889,893
P u b l i c F u n d s .—Aggregate o f Investments Unlimited.—
Bonds of the United States.
$37,673,836
$27,178,155
Net debt,.............. .$44,2461,492
Bonds of any of the New England States.
,
. T
Bonds of the States of New York, Illinois, Pennsylvania, Ohio, In­
-The State’ s assessed valuation has been
ASSESSED V A L U A T I O N .-1
diana, Iowa, Wisconsin, Michigan, Minnesota, Missouri and of the
as follow s:
District of Columbia.
,
....
Total.
*Personal Property.
Bonds or notes of any county, city or town of this Commonwealth,
Years.
Real Estate.
$3,554,015,782
$1,371,419,131
Bonds or notes of incorporated districts in Massachusetts whose net
1898.................$2,182,596,651
3,457,982,151
1,340,093,517
does not exceed five per cent of the last preceding valua­
1 8 9 7 ............. 2,117,888,637
3,370,354,000 indebtedness*
1,330,153,356
1896 ............... 2,040,200,644
of the property therein for the assessment of taxes.
„ T y i ,i.
3,269,352,523 tion
1,304,518,41?
Bonds
or
notes
any city of the States of Maine, New Hampshire,.
1895................ 1,964,834,106
3,121,049,557 Vermont, Rhode of
1,222,194,557
Island or Connecticut whose net indebtedness does
1894 ............... 1,898,855,000
2,911,671,346 not exceed five per cent of the last preceding valuation of property
1,072,007,533
1893................ 1,839,663,813
2,797,267,723
1,043,612,025
1892 ............... 1,753,655,698
for the assessment of taxes.
^
2,613,215,137 therein
1,013,077,330
Bonds or notes of any county or town of the States of Maine, New
1890................ 1,600,137,807
2,115,037,609 Hampshire, Vermont, Rhode Island or Connecticut whose net indebted.827,043,710
1885................ 1,287,993,899
1,927,855,430 ness* does not exceed three per cent of the last preceding valuation o f
816,695,358
1880................ 1,111,160,072
therein for the assessment of taxes.
.
.
- .
Includes, beginning with 1894, sundry small items not previously property
Bonds issued for municipal purposes, and refunding bonds issued td
counted.
take up at maturity bonds which have been issued for otherthan mu­
POPU LATION OF S T A T E .—Massachusetts has the largest popula­ nicipal purposes, but on which the interest has been fully paid, of any
tion of any of the New England States. In 1790 numbers were 378,- citv of the States of New York, Ohio, Illinois, Pennsylvania, Indiana,
Tvriniiip-a/n Iowa, Minnesota, Missouri and Wisconsin, having at the date
787 and in 1800 422,845; in the next fifty years the increase was to of such investment more thau 30,000 inhabitants, as established by
994,514, and the 1890 Census showed a total of 2,238,943.
the last national or State census (or city census certified to by the city
1830............ 610,408 clerk or treasurer of said city, and taken m the same manner as a
1895............. 2,495,345 I1870............ 1,457,351 |||gg
1890............. 2,238,943 |1860............ 1,231,066 1820............ 523,159 national or State census preceding such investment), and whose net
472,040 indebtedness* does not exceed five per cent of the last preceding valua­
1810............
994’544
1885 ............ 1,942,141 I 1850............
tion of property therein for the assessment of taxes.
.1880............. 1,783,085 |1840............
737,699
R a i l r o a d R o n d s a n d N o te s .—Aggregate o f Investments Unlimited
DEBT LIM ITATIONS.-There seems to be no provision in the Con­
First mortgage bonds of any railroad company incorporated under the
stitution of Massachusetts limiting the power of the Legislature to authority of any of the New England States whose road is located
create State indebtedness, or limiting its power to authorize municipal wholly or in part therein, which is in possession of and operating its
indebtedness. Statutes general and special have, however, been passed own road, and which has earned and paid regular dividends of not less
than 3 per cent per annum on all its issues o f capital stock for the twoon this subject with respect to Cities and Towns.
years next preceding such investment; or in the first mortgage bonds,
First among these Statutes needing mention we have Chapter 29 of guaranteed by such railroad company, of any railroad company so in­
the Revised or “ Public Statutes.” The important sections to be cited corporated whose road is thus located.
First mortgage bonds of any railroad company incorporated unde
contained in Chapter 29 are as follows. We give only the substance the
authority of any of the New England States and whose road is
looated wholly or in part in the same, and has earned and paid regular
o f the sections, not the words.
dividends
o f not less than 3 per cent per annum for the two years next
Section 1—Provides that cities and towns shall not incur debt
except in the manner and within the limitations prescribed m this preceding such investment on all its issues of capital stock, notwith­
standing
the
road of such company may be leased to some other railroad
chapter.

PrincipalWhen Due. ’ £743 600
JfaVT'YTqoO
an. 1 ,190 0 x/4jS,ouu
Fitchb. ER. securities,’93.c*<fcr 3 *2 g F & A ^ug. 1 ,1913 $o,000,000
----------~ g o v 1 1923
500,000
Grade crossing......................... 3*a g ..........
iqqv
600 000
-------* ^ n‘i 1?020 1 300’000
Harbor improvement.............. 3 ^
Highways, §o ld ..l.................. r 3 g g A & 0 ^ . ^ 9 2 0 1,300,000

—Interest
LOANS
P.Ot.
Pay'e.
NAME
AND PURPOSE.
; ut'
B ob
. H. AErieR
R.ster g.c*<fcr. r 5
g J & J

32
ste~ - d....I I J t i g g m 1»

2888

Section 2—Provides (as a preliminary for determining whether the
limitation fixed by Section 4 has been reached by any municipality)
that the water debt and the sinking funds shall be deducted from the
total debt.
Section 3—Provides that the first 17 sections of chapter 29 shall not

apply to debts incurred in aid of railroads, to water scrip issued under
special statutes, or to indebtedness for a lire district.

Section 4 —Provides that no city or town except as provided in the
following section shall become indebted in an amount which exceeds 3
per cent on the last preceding valuation [but amended as noted below.]
Section 5—Provides that cities and towns which were indebted on
the 13th day of June, 1875, to an amount not less than 2 per cent on
valuation for tbat year may “ increase such indebtedness to tbe extent
*< of an additional one per cent on tbat valuation and no more.
Section 6—Provides that cities, &c., “ may by ordinary vote incur
debts for tempory loans ” in anticipation of the year s taxes and of the
year’ s taxes next ensuing.
Section 7—Provides that other debts than those referred to in

section 6 shall be incurred only by a vote of two-thirds of the voters
present at a town meeting, of two-thirds of all the members of each
branch of the city council, and approved by the Mayor; or if the Mayor
disapproves, by another like vote after notice of sucb disapproval.
Section 8—Provides that debts incurred for water must be payable
within 30 years; in constructing sewers within 20 years; all other debts
within 10 years.
Sections 9 to 17 inclusive, contain interesting provisions relating to
ainiring funds and other allied matters.
Section 18—Provides that any oity which at a meeting of its voters

has accepted by a two-thirds vote any act to supply said city with
water may by a vote of a majority of the members of each branch of
the city council contract debts and issue bonds for the purpose.
Section 19—Provides that towns, &c., shall not increase their debt
bv subscriptions in aid of railroads beyond 3 per cent of valuation; but
the limitation of this section shall not apply to temporary loans men­
tioned in Section 6.
Sections 20 to 23, which are the final ones of Chapter 29, have no
reference to tbe subject we are discussing and need not be cited.
As the reader has seen, the foregoing (Section 4, Chapter 29) fixes the
general debt limitation for cities and towns at 3 per cent.




C°Bcmdsor notes of any railroad company incorporated under the laws
of this Commonwealth, whose road is located wholly or in part therein,
unencumbered by mortgage, which has paid a dividend of not lessthan
five per cent per annum for two years next preceding such investment.

Street railway companies shall not be considered railroad companies
within the meaning o f this section.
^ .
Bonds and notes oi the New York New Haven & Hartford Railroad
Company, issued according to law, notwithstanding the existence of a
mortgage indebtedness not matured upon the whole or a part of the
road of said railroad company.
.
.
Bonds or notes of the Old Colony Railroad Company, issued accord­
ing to law, notwithstanding the mortgages on that part o f its road
formerly belonging to the Boston Clinton Fitchburg & New Bedford.
Bonds and notes of the Fitchburg Railroad, issued according to law.
Bonds and notes of the Boston & Lowell Railroad Corporation, issued
according to law, notwithstanding the mortgages on that portion of its
road formerly belonging to the Salem & Lowell and Lowell & Lawrence.
First mortgage bonds of the Concord & Montreal Railroad, notwith­
standing suck company be formed hy the union of two or more compa­
nies only one of which has paid regular dividends for the two years
next preceding such investment on all its issues of capital stock, and
notwithstanding the mortgage indebtedness existing on that part o f its
road formerly belonging to the Boston Concord & Mtmtreal Railroad.
provided, however, that said bonds shall be issued in whole or m part to
renew and refund said existing first mortgage indebtedness, and that
an amount of sucb bonds equal at tbe par value to tbe amount of sucb
existing mortgage indebtedness shall, by the terms of the mortgage se­
curing the same, be made applicable exclusively to the payment o f such
existing mortgage indebtedness and, for the purposei of securing such
payment at the maturity of the same, shall be deposited with and held
bvsuch trust company, incorporated under the laws of this Common­
wealth and doing business in the city o f Boston, as may be approved by
the board of commissioners of savings banks.
_ .
.
_
In the bonds of the Maine Central Railroad Company known
as consolidated mortgage bonds, notwithstanding the existence
of a mortgage indebtedness not matured upon the whole or
a part of the road of said railroad company; provided, however\
that said bonds be issued in whole or m part to renew ana
refund said existing first mortgage indebtedness, and that an amount
of such bonds equal at the par value to the amount of such existing
mortgage indebtedness shall, by the terms of the mortgage securing the
same; be made applicable exclusively to the payment of such existing

April, 1899.

MASSACttUSETTS— BEST Of STATE.

17

itv bonds which have been issued for other than municipal purposes, but
mortgage indebtedness; and for the purpose of securing such payment on which the interest has been fully paid, which has at the date of such
at the maturity of the same, said bonds shall be deposited with and held investment more than 30,000 inhabitants, as established by the last
by such trust company, incorporated under the laws of this Common­ national or State census, or city census taken in the same manner as a
wealth and doing business in the city of Boston, as may be approved by national or State census, whose net indebtedness does not exceed five
the board of commissioners of savings banks.
Bonds or notes of the Boston & Maine Railroad, issued according to per cent of the last preceding valuation of the property therein for the
law, notwithstanding any mortgages on that part of its railroad, fran­ &SlA)ans n ii to exceed eighty per cent o f the market value o f the securities
chises and property formerly belonging to the Eastern Railroad Com­
pany, the Eastern Railroad in New Hampshire or the Portsmouth pledged.
Great Falls & Conway Railroad.
.
, L o a n s o n R a l l r o a d B o n d s .—Aggreqate o f Investments Unlimited.—
Bonds of the New York & New England Railroad Company issued Notes of any citizen of this Commonwealth, with a pledge as collateral
according to law, and for the payment of the principal and interest of of any of the following securities, viz.: First mortgage bonds of any
which first mortgages, made as provided in cnapter three hundred and railroad company incorporated by any of the New England States,
one of the acts of the year eighteen hundred and eighty-eight are held whose road is located wholly or in part therein, which is in possession
as collateral security under an indenture of trust duly made and of and operating its own road, and which has earned and paid regular
entered into for that purpose: provided, that the amount of the dividends o f not less than 3 per cent per annum on all its issues o f
bonds so issued shall not exceed the amount of the mortgages so held capital stock for two years next preceding such investment.
First mortgage bonds, guaranteed by such railroad company, o f any
in trust, and that no one of said mortgages shall exceed in amount
sixty per cent of the value of the real estate thereby mortgaged 5 ^ d railroad company so incorporated, whose road is thus located.
Bonds or notes of any railroad company incorporated under the laws
no investment in said bonds shall be made by any such corporation
except upon the report of not less than two members of the board of of this Commonwealth whose road is located wholly or in part in the
investment, who shall certify to the value of the premises covered by same, which is unencumbered by mortgage, and which has paid a divi­
each of said mortgages according to their best judgment, and such dend of not less than five per cent per annum for two years next pre­
. . .
.
. .
.
report shall be filed and preserved with the records of the corporation. ceding such investment.
First mortgage bonds of any railroad company incorporated under
When the first mortgage indebtedness to the amount of three hun­
dred and fifty thousand dollars, now existing upon that portion of the the authority of any of the New England States and whose road is
railroad of the Boston Revere Beach & Lynn Railroad Company located wholly or in part in the same, and has earned and paid regular
lyiDg between Boston and Lynn in this Commonwealth, and maturing dividends of not less than 3 per cent per annum for the two years n ext
on the fifteenth day of July in the year eighteen hundred and ninety- preceding such investment on all its issues of capital stock, notwith­
seven, shall have been discharged, savings banks and institutions for standing the road of such company may be leased to some other railsavings in this Commonwealth may invest their deposits and the income derived therefrom, in the bonds of said company issued accord- r°Bonds!Sfd notes of the New York New Haven & Hartford Railroad.
Bonds or notes of the Old Colony Railroad Company.
ing to law, notwithstanding the existence of the present mortgage
Bonds or notes of the Fitchburg Railroad Company.
indebtedness, not matured, upon that part of its railroad, franchise
Bonds or notes of the Boston & Lowell Railroad Corporation.
and property, formerly belonging to the Boston Winthrop & Shore
First mortgage bonds of th.6 Concord & Montreal Railroad, notRailroad Company.
„
^ - ,o n o
By the provisions o f Section 4 o f Chapter 516 o f the Acts o f 1896, withstanding such company be formed by the union of two or more
companies,
only one of which has paid regular dividends for the
incorporating the Boston Terminal JOompany, savings banks and insti­
tutions for savings were authorised to invest in the mortgage bonds o f two years next preceding such investment on all its issues of
capital
stock,
and notwithstanding the mortgage indebtedness existing
that company.
„ , *...
...
,
.
B a n k S t o c k .—Thirty-five per cent o f deposits, both as loans and, on that part of its road formerly belonging to the Boston Concord &
Montreal
Railroad:
provided, however, that said bonds shall be issued
investments.—Stock of any bank incorporated under the authority of this
Commonwealth.
, .
„
.
. in whole or in part to renew and refund said existing first mortgage
indebtedness,
and
that
an amount of such bonds equal at the par value
Stock of any national bank located in any of the New England
to the amount of such existing mortgage indebtedness shall, by the
Siditos
Stock of any trust company, or safe deposit and trust company, terms of the mortgage securing the same, be made applicable exclu­
incorporated under the laws of and doing business within this Com­ sively to the payment of such existing mortgage indebtedness and, for
monwealth, as provided for in chapter four hundred thirteeen of the the purpose of securing such payment at the maturity of the same,
acts of the year eighteen hundred eighty-eight, or of those trust com­ shall be deposited with and held by such trust company, incorporated
panies, or safe deposit and trust companies, incorporated as suchby under the laws of this Commonwealth and doing business m the city
special charters granted under the laws of and doing business within of Boston, as may be approved by the board of commissioners of savthis Commonwealth, whose special charters require them to provide
the same security as prescribed in sections thirteen and fourteen of lnfn the bonds of the Maine Central Railroad Company known assaid chapter four hundred thirteen.
. ..
. 7 . consolidated mortgage bonds, notwithstanding the existence of
Holdings, by way o f investment or as security fo r loans, m the stock, of a mortgage indebtedness not matured upon the whole or a
any one bank,, trust company, or safe deposit and trust company not to part of the road of said railroad company: provided, howevery
exceed three per cent o f deposits nor more than $100,000, nor an amount that said bonds be issued in whole or in part to renew and
refund said existing first mortgage indebtedness, and that
exceeding one-quarter o f the capital slock thereof.
amount of such bonds equal at the par value to the amount of such
R e a l E s ta te f o r B a n k i n g P u rp o ses.—Fire per cent o f deposits an
mortgage indebtedness shall, by the terms of the mortgage
but not exceeding $200,000.—For the purpose of a site and the erection existing
the same, be made applicable exclusively to the payment of
or preparation of a suitable building for the convenient transaction of securing
such existing mortgage indebtedness; and for the purpose o f securing
its business.
such payment at the maturity of the same, said bonds shall be depos­
B e a l E s ta te b y F o r e c l o s u r e .—May hold real estate acquired by ited with and held by such trust company, incorporated under the laws
foreclosure or otherwise; same to be sold within five years after the of this Commonwealth and doing business in the city of Boston, as
title is vested in the corporation. Commissioners may in certain cases, may be approved by the Board of Commissioners of Savings Banks.
upon petition of the board of investment, grant an additional time
Bonds or notes of the Boston & Maine Railroad, issued according to
within which such real estate shall be sold. See Chapter 77, Acts of law, notwithstanding any mortgages on that part of its railroad, fran­
chises and property formerly belonging to the Eastern Railroad Com­
1886.
L o a n s o n R e a l E s t a t e .- - Seventy per cent o f whole amount of pany, the Eastern Railroad in New Hampshire or the Portsmouth
deposits.—First mortgages on real estate situated in this Common­ Great Falls & Conway Railroad.
Loans not to exceed the par value o f the securities pledged.
wealth, to an amount not exceeding sixty per cent of the valuation
thereof, no loan to be made except upon report of not less than two
L o a n s o n B a n k S t o c k .—Thirty-fiveper cent o f deposits both as loans
members of the board of investment, who shall certify to the value of and investments.—Notes of any citizen of this Commonwealth, with a
the premises to be mortgaged, such report to be filed and preserved pledge as collateral of the stock of any bank incorporated by this
Commonwealth; or the stock of any national bank located in any oi
with the records of the corporation.
L o a n s o n P e r s o n a l S e c u r it y .—Thirty-three and one-thirdper cent the New England States; or the stock of any trust company, or safe
o f deposits and income. Bonds or other personal securities, payable deposit and trust company, incorporated under the laws of and doing
and to be paid at a time not exceeding one year, with at least two business within this Commonwealth, as provided for in chapterfour
sureties, if principal and sureties are all citizens of and resident in this bundred thirteen of the acts of the year eighteen hundred eighty:eight,
Commonwealth, provided that the total liabilities to any such corpora­ or of those trust companies, or safe deposit and trust companies, im
tion of any person, partnership, company or corporation for money corporated as such by special charters granted under the laws of and
borrowed upon personal security, including in the liabilities of a part­ doing business within this Commonwealth, whose special charters re­
nership or company the liabilities of the several members thereof, shall quire them to provide the same security as prescribed in sections thir
teen and fourteen of said chapter four hundred thirteen.
at no time exceed five per cent of such deposits and income.
to be made at no more than eighty per cent o f the marketvaiue
L o a n s o n R a i l r o a d S t o c k —Aggregate o f investments unlimited. o fLoans
the stock pledged, and, not exceeding the par value thereof.
—Notes of citizens of this Commonwealth, with pledge as collateral of
Holdings,
oy way o f investment or as security fo r loans, m the stock o f
the stock of any railroad company incorporated under the authority of any one bank,
company, or safe deposit and trust company, not to
any of the New England States whose road is located wholly or in part exceed three pertrust
cent o f deposits, nor more than $100,000, nor an amount
therein, which is m possession of and operating its own road, and exceeding one-quarter
o f the capital stock thereof.
which has earned and paid regular dividends of not less than fiveperoent
L o a n s t o D e p o s it o r s —Aggregate o f Investments Unlimited. Per­
per annum on all issues of its capital stock for five years next preceding
the date of such note or notes or any renewal thereof, at no more than sonal notes of depositors in the corporation, but not exceeding oneseventy-five per cent of the market value thereof, such note or notes to half of the amount of his deposit to a depositor, with pledge of deposit
be maae payable on demand and to be paid or renewed within one year and book of such depositor as collateral security.
D e p o s it s I n B a n k s .—Aggregate o f Investments Unlimited.—May
o f the date thereof.
Note or notes of any citizen of this Commonwealth, with a pledge as deposit sums of money, on call, in any bank incorporated under the laws
collateral of shares of the capital stock of the Boston & Lowell Rail­ of this Commonwealth, or in any national bank located in any of the
road Corporation; of the Boston & Providence Railroad Company; of New England States, or in any trust company, or safe deposit and trust
the Connecticut River Railroad Company, and of the Old Colony Rail­ company, incorporated under the laws of and doing business within
road Company, notwithstanding the road o f each of said companies this Commonwealth, as provided for in chapter four hundred thir­
may be leased to some other railroad company; such note or notes not teen of the acts of the year eighteen hundred eighty-eight, or m those
to exceed in any case seventy-five per cent of the market value of trust companies, or safe deposit and trust companies, incorporated as
the securities pledged, and to be made payable on demand, and to be such by special charters granted under the laws of and doing business
'paid or renewed within one year o f the date thereof.
within this Commonwealth, whose special charters require them to
Street railway companies shall not be considered railroad companies provide the same security as prescribed in sections thirteen and four­
within the meaning o f this section.
teen of said chapter four hundred thirteen, to an amount not exceed­
L o a n s o n P u b l i c F u n d s - 1 ggregate o f Investments Unlimited— ing five per cent of total deposits in any one such bank or company,
Notes of any citizen of this Commonwealth, with pledge of the bonds of but such deposits shall not exceed in amount twenty-five per cent o f
the United States; any of the New England States; State of New Y ork ; the capital stock and surplus of such depositary.
bonds or notes of any city, county or town of this Commonwealth;
bonds or notes of any city of the States of Maine, New Hampshire, Ver­
mont, Rhode Island or Connecticut whose net indebtedness* does not
Cities, Counties and T owns
exceed five per cent of the last preceding valuation of property therein
IN THE
for the assessment of ta x es; bonds or notes of any county or town
thereof whose net indebtedness* does not exceed three per cent of such
S T A T E OF M A S S A C H U S E T T S .
valuation.
.
, ,
Loans not to exceed the par value o f the securities pleaged.
N ote .—For places not given in alphabetical order among the following
Notes of any citizen of this Commonwealth, with a pledge as collateral
o f the bonds of the States of Pennsylvania, Ohio, Michigan, Indiana, Hli- statements, see “ additional statements ” at the end o f this Slate.
nois,Wisconsin, Iowa, Minnesota, Missouri and of the District of Colum­
The gross interest-bearing debt of all municipalities of the State was
bia; o f any city of the aforesaid States and the State of New York, issued
for municipal purposes, and refunding bonds issued to take up at matur- $167,811,434 on May 1,1898, at an average interest rate of about 4
per cent. The amount raised by taxation for interest alone in 1898 was
* The term “ net indebtedness ” used of city, town or district in a n y estimated at $6,712,457.
statute limiting or regulating the investment of the deposits in savings
The following table shows the aggregate assessed valuation as
banks and trust companies, or other like funds, shall be construed to
denote the indebtedness of such city, town or district omitting the d ebt returned by the local assessors, the aggregate net debt of all the
created for supplying the inhabitants with water, and deducting the municipalities of the State, and the percentage of the same, for the
amount of sinking funds available for the payment o f such indeb tedyears indicated:
'
ness




18

STATE AND CITY SUfflEM EN T.

---------------- Aggregate--------------- sear.
Valuation.
Net Debt.
Percentage,
*898.....................................$2,764,242,784
$121,385,139
4-3
*897................................... 2,702,328,054
115,798,889
4-2
1896---- V............................ 2,622,520,278
104,702.875
3-9
*895................................... 2,542,348,993
98,511,920
38
87,786,918
3*5
*894................................... 2,471,521,505
*893................................... 2,428,339,029
80,125,652
3-2
1892.................................... 2.333,025,090
76,483,323
3*2
73,066,660
3*2
1891................................... 2,245,042,273
1890.................................... 2,154,134,626
70,742,786
32
1885.................................... 1,782,349,143
63,306,213
35
68,512,929
4-3
1880................................... 1,584,756,802
1875................................... 1,840,792,728
71,784,006
38
1871................................... 1,497,351,686
39,421.298
26

A B I N G T O N . —G. R. F arrar , Treasurer.
This town is in Plymouth County,
When Due. Floating debt................... $44,000
Total debt May 1,1898.. 177,000
48, May, $90.000.......May 1,1899 Tax valuation 1898.........2,321,964
<$5,000 due yearly) to May 1,1916 Prop’ty is assessed at actual value.
4s, Jan., $17,000........ Jan. 1,1900 Total tax (per $1,000) ’98..$21*70
$1,000 due yearly) to Jan. 1,1918 Population in 1895 was......... 4,207
4s, M&N, $3,000........ May 1, 1926 Population in 1890 was.........4,260
4s, May, 11,000.......... 1917 to ’ 25
4s......... . 3,000.......................1928
INTER EST is payable in Boston at the National Bank of RedemptionLOANS —
W ater Loan -

A D A M S .— This town is in Berkshire County.
Am’t Oulst’g.
LOANS
Am’ t OutsVg
OiES*—
$6,200
Public Building...............
4s, A&O, $20,000.......... 1902-1905 Total debt May 1, ’ 9 8 .... 204,900
($5,000 yearly ou
Tax valuation 1898.........4,612,182
School houses......................$25,000 Total tax (per $1,000) 1898.$10-50
Cemeteries.......................... 4,000 Population in 1895 was........ 7,837
Water w o rk s.................... *117,000 Population in 1890 was........ 9,213
* Bonds loaned Adams Fire District.

A G A W A M . — J. W . H astings, Treasurer.
Agawam is in Hampden County.
LOANS—
When Due. Sinking fund...'..............
$4,850
T own Notes for Schools, Net debt Feb. 1,1899...
33,650
R oads, B ridges Tax valuation, real....... 1,167,855
68, March, $2,000___On demand. Tax valuation, personal
171,965
4s, J & D, 2 5 ,0 0 0 ....June 1,1914 Total valuation 1898... 1,339,820
4s, J & D,
1,500
On demand. Property assessed at actual value.
4 b, J & D ,
5,065......... 1900-1904 Tax (per $1,000), 1898........ $13*80
($1,000 due yearly on June 1.)
Population in 1895 w as.. . . 2,408
4s, J & D , $ 5 ,0 0 0 ....June 1,1905 Population 1890 was..............2,352
Total debt Feb.10,1899.
$38,500 Population 1880 was............. 2,216
INTEREST on notes due in 1914 is paid in Boston; on those due on
demand at Agawam; on all others at Springtield.
A TVrTT'CiOT T D V
5 F. *v. MERRILL, Treasurer.
±\. i v i Hi o ID U I t I .— ( N. E. COLLINS, Clerk.
Amesbury township is in Essex County
LOANS —
When Due. Net debt Jan. 1,1899.........$64,760
F unding B onds :
Tax valuation, real........ 4,121,958
4s, A & O , $70,000..Apr. 1,1900 Tax valuation, personal. 1,010,108
4s, J&J, $71,000...........1902-1912 Total valuation, 1898. .5,132,066
($23,000 in 1902, $23,000 in 1907, Assessment about % actual value.
$25,000 in 1912).
Total tax rate (per M.) 1898.$14-00
T ’l bond.debt Jan. 1,*99. $141,000 Population in 1895 was........9,984
Sink, fund assets................... 76,240 Population in 1890 was........ 9,798

A M H E R S T . — 0 . H . E dwards, Treasurer.

This town is in Hampshire County.
LOANS
When Due. |Total debt Feb. 15,1899.$105,000
R ailroad B onds—
Total valuation 1898___3,320,764
4*28, J&J, $13,000.......Nov. 7,1901
Assessment about actual,value.
T o w n H all B ondsTotal tax (per $1,000) 1898.$16-00
48. J&J, $50,000.......Jan. 1,1900 Population in 1895 was.........4,794
i Population in 1890 was........ 4,512
5 GEO. A. PARKER, Treasurer.
t ABRAHAM MARLAND, Clerk.
Thistown is in Essex County. [City advertises for sale April 13
$25,000 sewer bonds. ]
When Due. 4s, J&D, $15,000___June 1,1925
LOANSSe w e r B onds4s, J&D,
5,000___June 1,1928
48, J& i », $80,000.......June 1,1903 Bonded debt Jan. 1,1899.$235,000
($10,000 in 1903, $20,000 in 1908 Floating debt.................... 25,000
and 1913 and $30,000 in 1928.)
Total debt.......................... 260,000
W ater B onds —
Sinking fund.....................
14,296
4s, M&N, $100,000 ) Nov. 1,1899 to Net debt Jan. 1,1899___ 245,703
($5,000 due yearly) ) Nov. 1,1918 Tax valuation 1898.........4,854,677
48, M&N, $15,000......Nov. 1,1919
Real valuation (est.)__ 5,500,000
4s, J&D, 10,000......June 1,1922 Tax rate (per $1,000) 1898..$15-00
4s, J&D,
10,000... .June 1,1923 Population in 1895 was........ 6,148
INTEREST is payable at the Nat. Bank of Commonwealth, Boston.

A N D O V E R ,

A R L I N G T O N . — B. D elmont L ocke, Treasurer.

This town is in Middlesex County.
LOANS —
When Due. 4s, A&O, $10,000....................1927
H igh School L oan4s, A&O, 10,000.......Oct. 1, 1925
48, M&N, $64,000......Nov. 1,1913 Other debts....................... $24,916
4s......... . 35,200
Nov. 1,1906 Total debt Mch., 1898.... 598,717
Sew er B onds 1896—
Sinking fund assets........
58,876
4s, J&D, $100,000....June 1,1936 Net debt March, 1898... 539,841
W ater W orks—
Tax valuation 1898.........8,372,350
4s, J&J, $91,000.........Jan. 1,1912 Tax rate (per $1,000) ’9 8...$17 90
4s, J&J. 92,000.........Jan. 1,1922
(Assessment at actual value.)
4s, A&O, 92,000.........Apr. 1,1924 Population in 1897 (est.).......7,000
4s, A&O, 5 ,000..................... 1926 Population in 1890 was........ 5,629
A T R D T
5 HENRY c - FAY, Treasurer.
\
(GEORGE HARRIS FOYLE, Clerk.
Tins town is situated in Worcester County
LOANS —
When Due.
Sewer L oan (outside debt limit.)
Old D ebt —
4s, J&J, $50,000........ July 1 , 1924
4*es, J&J, $26,000...... Oct. 1,1899
E ngine H ouse—
(Part due yearly) to Oct. 1,1905 4*es & 4s, A&O, $6,000. Oct. 1,1899
School L oans—
($1,500 due yearly) to Oct. 1,1902
4s, A&O, $29,000........ Oct. 1,1899 4s, A&O, $10,800........ Oct. 1,1899
(Part due yearly) to Oct. 1,1904 ($1,350 due y’ly ) ___to Oct. 1,1906
3 Sis, A&O, $1,200 ___Oct. 1,1899 Total debt Feb. 1 ,1 89 9 .. $143,050
SCH.,ST.lMP.&F.AL’M L o’N(Notes) Tax valuation 1898........ 4,055,925
4s, A&O, $9,800.......... Oct. 1,1899 Tax rate (per M) ’98............. $19-20
(Part due yearly) to Oct. 1,1905 Population in 1895 was........ 7,360
Refunding L oanPopulation in 1890 was........ 6,319
3%s, A&O, $10,250.......1899-1908
The sewer loan is secured by sinking fund.
INTE R EST is payable in Boston, Worcester, Greenfield and Athol.




Yol. L XV III

A T T L E B O R O U G H . — J. T. B

ates,

Treasurer.

Attleborough, which is in Bristol County, was divided July 30,1887,
and the outstanding bonded debt of $100,000 was apportioned $62,930
(since paid) to Attleborough and $27,802 to North Attleborough, which
see.
LOANS'
When Due. Bonded debt Feb. 1, ’99...$328,000
T o w n B onds—
42,000
Floating debt..................
4s, J&J, $50,000........ Jan. 1,1906 Total debt Feb. 1, 1899 . 370,000
W ater B onds—
Sinking fund assets........
63,085
7s, J&J. $40,000....... Jan. 1,1904 Net debt Feb. 1 ,1 8 9 9 .... 306,915
4s, A&O, 20,000.......Oct. 1,1902
Water debt (incl. above). 278,000
4s, A&O, 20,000.......Oct. 1,1912
Water deot sinking fund
4s, M&S, 12,000....... Sept.l, 1915
47,442
(inol. above).................
4s, J&J, 20.000.......Jan. 1,1919
Tax valuation, rea l.. . . 4,853,249
4s. J&J, 18,000.......Jan. 1,1921
Tax valuation, pers’l.. 1,139,743
4s, A&O, 25,000...... Oct. 1,1922
Total valuation 1898. . 5,992,992
4s, J &J, 35,000....... July 1, 1923 Total tax per $1,000’98.
$18-50
4s, J&J, 40,000....... July 1, 1924 Population in 1898 was......... 8,288
4s, J&J, 25,000....... July 1, 1926 Population in 1890 was....... 7,577
4s, J&J, 10,000....... July 1.1927
4s, J&J, 13,000....... July 1,1928
ORVILLE O. STOCK WELL, Treasurer,
A V O N . — ;. M.
D. RICHARDSON, Clerk.

This town is in Norfolk County.
LOANS—
Amount.
Water debt Jan. 1,1899..$60,000
Town d e b t ....................... 22,062
Total debt Jan. 1 ,1 8 9 9 .... 82,062

Total valuation 1898.......$819,435
Assessment about 85% aotual val.
Tax rate (per $1,000) ’98...$18*40
Population in 1897 (est.)___1,640

A Y E R . — E. D . Stone, Treasurer.
This town is situated in Middlesex County.
LOANS —
When Due. Tot. bond.debtFeb. 15,’99.$64,000
School H ouse Loan (Notes)—
Water debt (incl above)... 60,000
4s, var., $4,000............ 1899-1903 Assessed valuation 1898.1,450,3 29
W ater D ebt (Notes)—
Total tax (per $1,000) ’98...$15*40
4s, F&A, $6,000......................1903 Population in 1895 w as........2,101
4s, F&A, 1 0 ,00 0 ..:.................1908 Population in 1890 was........2,148
4s, F&A, 15,000 .................... 1913
4s, F&A, 24,000...................... 1918
Interest payable at Ayer.

B E LM O N T.

-W. L. Chenery , Treasurer.

This town is in Middlesex County.
LOANS —
When Due.
R efund ’ d and School H ouse—

4*28, A&O, $7,500.......Oot. 1, 1899
($2,500 due yearly) to Oct. 1,1901
School H ouse and St . B onds—

4*28, A&O, $3,000.......Oct. 1,1899
($1,000 due yearly) to Oct. 1,1901
4s, M&S, $3,000........ Mch. 1, 1900
($1,000 due yearly) to Mch. 1,1902
4s, J&D, $5,400........ Dec. 1,1899
($1,350 due yearly) to Deo. 1,1902
4s, J&D, $40,000.......June 1,1917
Sew er L oan-

48, M&N, $18,000....... Nov. 1, 1924
4s, J&J,
9,000....... July 1,1926
4s, J&D.
6.000....... June 1,1927
Street & F ire D ept . L oan -

48, J&D, $3,800......J u n e l, 1899
($500 y ’rly to 1905; $300 in 1906.)
48, A&O, $25,000.........Oot. 1,1908

B E R K S H IR E

E lectric Light B onds-

48, J&D, $14,000.......June 1,1928
W ater L oans—

4s, F&A, $15,750.......Aug. 1, 1899
($1,750 due y’rly) to Aug. 1,1907
4s, J&D, $5,500......... June1,1899
($500 due yearly) to June 1,1909
4s, F&A, $8,000..........Aug. 1, 1925
4s, J&J, 6,000......... July 1,1926
4s, J&D, 5 ,0 00 .........Dec.1,1926
Interest is payable in Boston.
Bonded debt Jan. 1 ,’99 .$175,950
Water debt (included)...
40,250
Tax valuation, real ___3.425,740
Tax valuation, pers’l __ 1,444,715
Total valuation 1898___ 4,870,455
Assessment same as actual value.
Total tax (per 1,000) ’98
$15*00
Population in 1899 (est.)...... 3,300
Population in 1890 was........ 2,098

C O . —Geo, H. T ucker, Treas.

County seat is Pittsfield.
LOANS —
When Due.

R efunding B onds-

Ne w County B uilding D ebt— 38, M&N, $35,000.......... 1899-1905
4s, M&N, $60,000... Nov. 1,1903 ($10,000 in yrs. 1899 1902-’04 and
4s, J&D, 10,000 ... Dec. 31,1900
$5,000 in 1905.)
4s, J&D, 10,00 0 ... Dec. 31,1901
Interest payable at Pittsfield.
3*28, J&D, 5,000
On demand Total debt Jan. 1,1899 $120,000
Tax valuation 1898___56,294,309
Population in 1895 w a s
86,262
Population in 1890 was...... 81,108
d c v up t~> t v
5 B. D. WEBBER, Mayor.
O H i V *—itv.l_i i .
<C. F. LhE, Treasurer.
This city is in Essex County.
LOANS/— Interest.- Principal. NAME AND PURPOSE.
P.Ct. Payable. When Due. Outstand’ a.
Town bonds................................. 4 J & J July 1,1911
$793,000
Town notes............................... 6
.........
20 000
Park bonds........................... ............................. "" '..'.V . ' "
23,000
Sewer bonds................................. 4 J & J $4,000 y’rly
39,000
Water bonds................................. 4 F & A
Feb. 1,1917
150,000
Temporary loans.................................................
Various
56,000
do
do ............
.......................... Sept., 1899
50,000
Water notes..................... 1896.................... .........................
22 000
INTER EST is payable in Boston by the First National Bank.
BONDED DEBT on Aug. 1,1898, was $927,000; floating debt $165,OOo, total debt $1,092,000, sinking fund $268,763.

ASSESSED VALUATION in 1898 was: Real estate, $11,430,450;
personal property, $3,733,425; total, $15,163,875 ; total tax late (per
$1,000), $15*00.
^
POPULATION in 1895 was 11,802; in 1890 was 10,821.

R D Q T D M
5 JOSIAH QUINCY, Mayor.
D U D 1 '- 'I N . — (ALFRED T. TURNER, City Treasurer.
The county of Suffolk, in which Boston is situated, contains also
the city of Chelsea and the towns of Revere and Winthrop. Boston,
however, receives all the county income, pays all the county expenses,
owns the county buildings, and is responsible for the county debt, which
amounted on Jan. 31,1899, to $3,591,000. The details of this county
debt are included in the following financial report for this city.
LOANS —
When Due.
LOANS—
When Due.
B ridge B onds—
H ig h w a y s —(Con.)
4s, A&O, $160,000... Oot 1.1911 4s, J&J, $350,000___July 1,1913
4s, J&J,
90,000.. .Jan, 1.1912 4s, A&O, 150,000___ Oot. 1,1913
3 *2S,A&O, 250,000... Oot. 1,1917 48, A&O, 500,000___ Apr. 1, 1914
3 *28,A&O, 21,000...O ct. 1,
______
1918 4s, J&J, 500,000___ July 1, 1915
3*28,J&J, 500,000. ..J u ’y 1,1937 4s, J&J, 150,000___July 1,1916
3*28,J&J, 300,000... Jan. 1,1938 4=8,........ 700,000... .July 1,1916
4s, A&O,
10,00 0 ...Oot. 1,1934 3*28, J&J, 500,000___Jan. 1,1917
4s, A&O,
10,000...Oct. 1, 1935 4s, J&J. 150,000....J u ly 1,1917
4s,........
30,000... July 1,1936 3*28,A&O, 200,000...Oct. 1, 1918
3 *2S.A&0 , 50,00 0 ...O ct 1, 1918 3*28, J&J, 750,000___ Jan. 1,1928
H igh w ays —
3 *28, J&J,
5,000___July 1,1928
4s, J&D,
$50,000_June 1,1901 3 *28,A&O, 606,000...Oct. 1,1928
4s, A&O,
25,800_Apr. 1,1902 3*28, J&J,
6 5 0 ...Jan. 1,1929
4s, J&J,
31,000.... July 1,1912
L ibrary B onds4s, A&O,
243,200_Oct. 1,1912 48, J&J. $297,000... July 1,1900
4s, J&J,
150,000_Jan. 1,1913 4s, A&O,
14,000...O ot, 1900

MASSACttUSETTS -CITIES AWB

April, 1899.
LOANS—
When Due.
L ibrary B onds—(Con.—

4a, A&O, $189,000...Jan.
4s, J&J,
4 4,000...Jan.
4 b, A&O, 175,000...Oct.
4s, J&J.
200,000...Jan.
4s, A&O, 325,000...Oct.
4s, A&O, 100,000...Oct.
4s, A&O,
49,500...Jan.
4s, A&O. 150,500...Oct.
3*flS,J&J, 500,000...July
3*ss,A&0, 100,000... Oct.

1,1901
4,1916
1,1922
1,1923
1, 1923
1,1924
1,1925
1,1925
1,1899
1,1918

“ M iscellaneous ” L oans—

4*, J&J, $574,000.. .Jan. 1,1900
4s, A&O, 670,000.. .Oct. 1,1900
4s, J&J,
460,000...Jan. 1,1901
4s, J&J,
25,000...Jan. 1,1902
3*as,A&O,1,275,000... A pr.l, 1902
3 »as,J&J, 300,COO...Jan. 1,1903
3^8,A&O, 100,000... Oct. 1,1903
4s, A&O,
90,00 0 ...Oct. 1,1906
4s, A&O 145,500...O ct.15,1906
4s, J&J,
606,000...Jan. 1,1907
3*28, J&J, 833,000...July 1, 1907
3*28, A&O, 13,800...Oct. 1,1907
3*28, J&J, 50,000...Jan. 1,1908
3*flS,J&J, 11,500...July 1. 1908
3*28,A&O, 25 0 ,0 0 0 ...Oct. 1, 1908
4s, A&O, 1,599,725... Apr. 1,1912
4s, A&O, 1,164,100...Apr. 1,1913
4s, A&O, 1,350,000...Apr. 1.1913
4s, A&O, 599.800...Oct. 1,1914
4s, A&O, 367,000...Apr. 1,1915
4s, A&O, 401,500...Oct. 1,1915
4s, J&J, 1,115,700...Jan. 1,1916
4s,........
589,500... July 1,1916
3,000... Apr. 1,1916
4s,........
4s, A&O 192,500...Oct. 1.1916
48,.........

2 2 3 ,5 0 0 ...Nov.30,1916

4s, J&J,
32,000...Jan. 1,1917
4s, J&J,
13.500...Jan. 1,1917
4s, A&O,
3,0 00 ...Apr. 1, 1917
4s, J&J,
309,000.. .July 1, 1917
3*flS, J&J, 203,500...July 1,1917
4s, A&O, 169,000...Oct. 1,1917
3*28, J&J, 155,800... Jan. 1.1918
3*28, A&O, 274,000..Apr. 1, 1918
3*28, J&J, 80,000...July 1,1918
3s, A&O,
18,000__ Oct. 1,1918
3*28,A&O, 2 5 ,0 0 0 ....Oct. 1,1928
3*20, J&J, 500,000...July 1,1899
3*28,A&O,1,037,000...Oct. 1,1899

Pa r k B onds—
4s, A&O, # 2 0 0 ,0 0 0 ...Oct. 1 ,19 0 0
4s, J&J,
3 4 3 ,0 0 0 ...Jan. 1 ,19 1 3
4s, A&O
9 1 3 ,0 0 0 ...Apr. 1 ,19 1 3
4s, J&J,
5 0 0 ,0 0 0 ...Jan., 1914
4s, A&O,
7 5 ,0 0 0 ...Apr. 1 ,19 1 4
4s, A&O, 5 0 0 ,0 0 0 ...Oct. 1, 1914
4s, J&J, 1,000,000.. .Jan. 1 ,19 2 5
4s, A&O, 5 0 ,0 0 0 ...Oct. 1 ,19 2 7
3*28,A&O, 2 0,0 0 0...A p r. 1,19 1 6
3*28,A&O, 5 5 ,0 0 0 ...Oct. 1,19 1 6
3*28, J&J, 5 0 0 ,0 0 0 ...Jan. 1 ,1 9 2 7
3*28, J&J, 4 5 0 ,0 0 0 ...Jan. 1 ,1 9 2 8
3*28, A&O, 5 0 ,0 0 0 ...Apr. 1, 1928
3 *28,A&O, 450,000
Oct. 1,19 2 8
3*48, A&O, 2 9,0 0 0...O ct 1,19 1 5
Par k Construction48, J&J.
$ 4 5 0 ,00 0 ... Jan. 1,1918
4s, A&O,
5 ,0 0 0 ...Apr., 1918
4s, J&J,
5 ,0 0 0 ...July, 1918
4s, A&O,
4 0 ,0 0 0 ...Oct., 1918
4s, J&J,
4 8 0 ,5 0 0 ...Jan. 1,19 1 9
4s, A&O,
1 6 ,0 0 0 ...Apr., 1919
8, J&J,
3 ,5 0 0 ... July, 1919
4s, J&J
4 3 9 ,5 0 0 ...Jan. 1,19 2 0
4s, J&J,
1 6 ,4 0 0 ... July, 1920
4s, A&O,
4 4 ,1 0 0 ...0 o t.,
1920
4s, J&J, 5 00 ,0 0 0 ... Jan. 1,1921
3*28, J&J 500,000 . Jan 1 ,1 9 3 7
P ar k L oan op Ma t 20,1891 —
4s, J&D, $ 7 0 0 ,0 0 0 ....June 1,19 2 1
4s, A&O, 2 0 0 ,0 0 0 ....Apr. 1 ,19 2 2
4s, A&O, 3 0 1 ,0 0 0 ....Oct. 1 ,19 2 2
4s, J&J, 2 5 0 ,0 0 0 ... .Jan. 1,19 2 3
4s, J&J. 5 0 0 ,0 0 0 ... .July 1 ,1 9 2 3
4s, A&O, 4 5 0 ,0 0 0 ....Oct. 1 ,19 2 3
is, J&J,
9 9 ,0 0 0 ....Jan. 1 ,1 9 2 4
4s. A \0 ,1 ,0 0 0 ,0 0 0 ... .Oct. 1 ,1 9 2 4
P ub. I nst’ s and Cit y H ospit ’ l —
3*28, J&J, $ 3 8 ,5 0 0 ...July 1 ,19 0 8
48, A&O,
1 3 6 ,5 0 0 ...Oct. 1,19 1 1

4s, J&J,
250,000.. .July 1,1912
48, A&O,
42,000...Oct. 1,1912
4s, A&O,
15,000.. .Apr. 1,1915
4s, A&O, 400,000...Oct. 1,1915
3*28, J&J, 27,000...July 1,1917
3*28, J&J, 101,000... Jan. 1,1918
3 *28, J&J, 23,000... J uly 1,1918
Par k L ands—

4s,
4s,
4s,
4s,

J&J.$100,0 0 0 ....July
A&O, 100,0 0 0 ....Oct.
A&O, 5 0 ,00 0 ....Apr.
A&O, 2 0 8 ,0 0 0 ....Oct.

4s..........

1,1924
1,1924
1,1925
1,1925

1 1 ,3 0 0 .... July 1 ,1 9 2 6

3*28,J&J, 400,0 0 0 ....July 1,1917
3*28,J&J, 600,000....Jan. 1,1920
R apid T ransit 48", A&O, $50,000.
Oct.
4s, A&O 1 ,0 0 0 ,0 0 0 ....Apr.
4 b, A&O, 100,000. .. .Oct.
3*28, J&J, 2 5 0 ,0 0 0 ....Jan.
3*28,....... 500 ,0 00 ....A p r.

3*28, A&O,1,500,000...Oct.
3*28. J&J,1,000.000...July
3*28, J&J, 200,000...Jan.
3*28, A&O, 200,000...Apr.

1 .1 9 3 4
1,19 3 5
1,19 3 6
1, 193«
1 ,19 3 6

1,1936
1, 1937
1,1938
1,1938

School H ouses & Sites—

4s, A&O, $500,000....Apr.
4s, A&O, 250,0 0 0 ....Oct.
4s, J&J, 3 0 0 ,0 0 0 ....Jan.
3*28,A&O, 100,000. ...O ct.
4s, J&J, 500,0 0 0 ....July
4 p, J&J, 150,000 . . . July
3*28, J& J,500,0 0 0 ....Jan.
3 *28, A a 0 .6 5 0 ,0 0 0 .... Oct.
4s, J&J, 500,000... .July
Sew erage Bonds—

1,1911
1,1914
1,1917
1,1917
1,1926
1,1927
1,1928
1,1928
1, 1935

5s,A&O, $17,0 0 0 ....Apr. 1,1900
5s, A&O, 1 8 ,0 0 0 ....Oct. 1,1900




19

LOANS“
When Due.
LOANS—
When Due.
Suffolk County D ebt —(Con.)
Sewerage B onds—(Con.)—
Suffolk County D ebt.
3*28, A&O, $800,000.. Apr. 1,1937
4s,A&0$1,250,000. ..Apr. 1,1900
Court House B o n d s 3*28, J & J, 100,000.. July 1,1938
4s, J & J ,
24,000_Jan.(1,1901 48, A&O, $ 700,000....Oct. 1,1918 3s, A&O, 629,000..Oct. 1,1899
4s, A&O,
5,000_A p r.l, 1901 4s, J&J, 406,000... .July 1,1922 ($17,000 due yearly) to Oct. 1,1935
4s, A&O,
10,000_Oct. 1,1901 3*28, A&O,8 00,0 0 0 ....Oct. 1,1919
Miscellaneous B onds—
, 4s, J & J,
8 ,000... .Jan. 1,1902 4s, A&O,
7 5 ,0 0 0 ....Oot. 1,1923 4 s,J & J , $ 4 1 ,0 0 0 ....Jan. 1, 1900
4s, A&O,
317,000_Apr. 1,1902 4s, J&J,
40,000... .July 1,1924
! 4s, A&O, 6 2 7 ,5 0 0 ....Oct. 1,1902
IN TE RE ST on the sterling loans is paid by Baring Brothers & Co.,
4s, A&O,
22,500_Jan. 1,1903
1 4s, A&O,
500,000_Apr. 1,1903 Limited, in London; on other issues by City Treasurer in Boston.
4s, A&O,
251,000_Oct. 1, 1903
T O T A L D E BT. —The subjoined statement shows Boston’ s total debt,
4s, J & J , 5 0 0 ,0 0 0 ....Jan. 1,1904 the
items of which it is made up, and the sinking fund held by the city,
4s, J & J ,
9 7 ,0 0 0 ....July 1,1904 against the same, on the dates indicated.
4s, J & J ,
5 0 ,0 0 0 ....Oct. 1,1904
Jan. 31,1899. Jan. 31,1898. Jan. 31,18974s, J & J ,
5 0 ,0 0 0 ....Jan. 1,1905
$58,050,636 $49,993,326
4s, A&O,
5 1 ,5 0 0 ....Oct. 1,1906 City debt proper....................$62,226,546
Coohituate
water
debt.........
17,121,274
17,911,274
18,261,274
48, A&O, 4 2 1 ,0 0 0 ....Oct. 1,1911
3,631,000
3,648,000
4s, J&J,
250,000_Jan. 1,1912 County debt........................... 3,591,000
4s, J&J,
50,000_July 1,1914
Total bonded debt........$82,938,820
$79,592,910
$71,902,600
4s, A&O, 6 7 ,6 5 0 ....Apr. 1,1915
27,579,370
25,367,587
4s, ....... 3 5 ,00 0 .... July 1,1916 Sinking funds, &c.............. 27,854,648
3*28, J & J ,100,0 0 0 ....July 1,1905
. Net debt..........................$55,084,172
$52,013,540
$46,535,013
3*28, J & J , 5 0 ,0 0 0 ....Jan. 1,1906
3*28, A&O,359,000....O ct. 1,1906
The following table shows the amount of the gross funded debt,
3*28, A&O, 25.000...A pr. 1,1908 sinking funds and the net debt on Jan. 31 for the following years:
3*28, J & J,500,000
July 1,1919
Gross Debt.
Sinking Funds.
Net Debt.
3s, J& J , 309,000... .July 1,1905 Tears.
$27,854,648 00
$55,084,172 00
4s, A&O, 4 1 ,0 0 0 ....O ot.15,1916 1899....................... $82,938,820 00
27,579,369 97
52,013,540 79
3*28, J&J, 500,000___Jan. 1,1928 1898....................... 79,592,910 76
71,902,600
57
25,367,587
13
46,535,013 44
1897.......................
3*28, J&J, 500,000....July 1,1928
24.324,566 93
41,341,206 71
3*28,A&O,1,000,000...O ct. 1,1928 1896....................... 65,665,77464
1895.......................
59,337,964
93
21,604,153
72
37,733,811
21
Stony B rook ,&c., I mp . B onds—
54,418,53500 20,482,297 00
33,936,238 00
4s, A&O, $ 5 00,000....Oot. 1,1917 1894.................
1893.......................
56,908,148
00
25,477,682
00
31,430,466
On
4s, A&O,
3 0 ,0 0 0 ....Oct. 1,1913
22,505,598 72
31,424,496 50
4s, A&O, 100,000....O ct. 1,1936 1890........................ 53,930,09522
18,022,484 25
24,939,695 77
3*28, J&J, 3 0 0 ,0 0 0 ....July 1,1937 1885....................... 42,962,180 02
14,511,849 19
26,437,482 99
3*28, J&J, 1 0 0 ,0 0 0 ....Jan. 1,1938 1881...................... 40,949,33218
Street , Etc ., B ondsDEBT LIMITATIONS.—The general provision as to debt limita
58, J&J,
$1,000 ...Jan . 1,1874 tion which applies only to Boston is found in the Supplement to the
osg, J&J,£307,200__ July 1, 1899
Public Statutes of Massachusetts, Laws of 1885, Chapter 178. The
3*28, J&J, 22.C00...Jan. 1,1909 act is entitled “ An act to limit the municipal debt of, and the rate of
4s, A&O, 3 3 5 ,0 0 0 ....Oct. 1, 1911 “ taxation in, the city of Boston.”
4s, A&O, 2 5 ,0 0 0 ....Oot. 1, 1912
Section 1—Provides that the taxes exclusive of State tax and of
4s, A&O, 260,500... .Apr. 1,1913 sums required by law to be raised on account of the city debt shall
4s, J&J, 5 0 ,0 0 0 ....Jan. 1,1914
not exceed in any one year $9 on every $1,000 of the average of the as­
4s, J&J, 100,000... .July 1,1914 sessors’ valuation for the preceding five years, the valuation year
4s, A&O, 100,0 0 0 ....Oct. 1,1914 to year being first reduced by all abatements.
4s, A&O, 5 0 ,0 0 0 ....Oot. 1. 1914
Section 2—Provides that the limit of indebtedness of the city of
4s, J&J, 1,000,000....July 1, 1935
4s, J&J, 1,000,000....July 1, 1936 Boston shall hereafter be 2*2 per cent until January 1,1887, and there­
after
shall be 2 per cent on the average valuation prescribed in section
3*28, J&J, 5 0 ,0 0 0 ....Jan. 1, 1917
3*28, J&J, 5 0 0 ,0 0 0 ....Jan. 1, 1937 1 of this act.
.
The
foregoing limitation is of course exclusive of debts created for
3*28, J&J, 181,480......July 1,1918
3*28,A&O,
4,500. . .Occ. 1,1918 water supply, and further exceptions have been made from year to
year
by
different legislatures, authorizing bonds outside o f the debt
3*28. J&J, 209,000.....July 1,1938
limit for various purposes, especially enumerated.
3*28,A&O. 541,000.... Oot. 1,1938
P ublic I mprovem ’ t Bonds—
NEW LOANS AUTHORIZED.—The following is a summary of
3*28,A&O, $616,000 ..Oot. 1,1938 loans authorized but not issued as of January 31,1899 :
Water D ebt Inside
Outside
Coohituate Water—
Purpose o f Issue—
Debt Limit.
Debt Limit.
6s, A&O, $ 2 50,000....Apr.27,1899 Play grounds....................................................... , $200,000
............
6 s,J & J , 625,0 0 0 ....Jan. 1,1901 Rapid transit...........................................................................
2,384,000
6s, A&O, 6 8 8 ,0 0 0 ....Apr. 1,1901 School houses........................................................ $300,000
......
6s, J & J , 330,0 0 0 ....July 1,1901 New ferry landing.............................................................
331,200
6s, J & J , 100,000.... July 1,1902 South Union Station............................................
750,000
300,000
6s, A&O, 9 0 5 ,0 0 0 ....Apr. 1, 1903 Laying out and construction of highways.........................
1,643,350
6s, J & J ,
8 ,0 0 0 .... Jan. 1,1904
6s, A&O, 38,000... .Apr. 1,1904
Totals.................................................................$1,250,000 $4,658,550
6s, J& J , 161,000....Jan. 1,1905
BORROWING PO W ER.—The city’ s borrowing power January 31,
6s, A&O, 142,7 0 0 ....Apr. 1,1905
1899, is shown in the following statement:
6s, J & J , 4 4 ,0 0 0 ....July 1,1905
6s, A&O,
6,0 00 ....O ct. 1,1905
Total debt, city and county.................................................. $82,595,970 72
6s, J & J , 82,550.... Jan. 1,1906
Less special loans (outside of limit)...... $31,296,450 00
6s, A&O,
8 ,7 5 0 ....Apr., 1906
do county loans (outside of limit)..... 2,921,000 00
6s, A&O,
4 ,0 0 0 ....Oct., 1906
do Coohituate water debt.............. ....... 17,121,273 98
68, J & J ,
8 ,0 0 0 ....Jan., 1907
68, A&O,
5 ,0 0 0 ....Apr., 1907
Total deductions.............................................................. 51,338,723 98
6a, J & J ,
1 ,0 0 0 ....July, 1907
5g, A&O, £399,500... .Oot. 1,1902 Total debt less above deductions....................................... $31,257,246 74
5g, A&O. $552,000....Apr. 1, 1906 Sinking funds,less$14,325,588 27 held for loans deducted
5g, A&O,1 ,000,000....Oot. 1,1905
as above (water loans, etc.)............................................... 13,186,210 38
5g, A&O,2,000,000....Oct. 1,1906
5s, A&O,
1 ,0 0 0 ....Oct. 1, 1907
Net debt, excluding debts outside of limit................. $18,071,036 36
58, A&O,
1 2 ,0 0 0 ....Apr., 1908
4*2g, A&O. 268,000.... Oct. 1,1909 Two per cent on $951,638,949 (average valuation for
4s, A&O, 588,0 0 0 ....Apr. 1,1908
five years, less abatements).............................................. $19,032,778 98
4s, J & J ,
82,000.... July 1,1909 Net debt, as above.................................................................. 18,071,036 36
4s,A&O, 2 8 0 ,0 0 0 ....Apr. 1,1910
4s, A&O, 3 2 4 ,0 0 0 ....Apr. 1,1912 Right to borrow January 31,1899, under chapter 178
4s, J&J, 111,0 0 0 ....July 1,1913
acts of 1885..........................................................................
$961,742 62
' " * 3 3 6 ,0 0 0 ....Oct. 1, 1913 Right to borrow January 31,1899, under chapter 93,
4s, A&O,
4s, J&J, 466.000. . . . Jan. 1,1914 acts of 1891, estimated................ .................................... 1,795,080 26
1 8.500.. .. Apr. 1,1914 Bonds to the amount of $1,250,000 inside of the debt limit have been
48, A&O,
16.000. .. . Oct. 1,1914 authorized, but are not yet issued.
4s, A&O,
50.000. . . . Jan. 1,1915 ASSESSED V ALUATION .—The city’s assessed valuation of real
4s, J & J ,
4s, A&O, 145.700.. .. Apr. 1,1915 estate and personal property and tax rate have been as follows:
23.000. . . . 0 .t . 1,1915
4s, A&O,
■Assessed Valuation.------------ -------. Bate o f Tax
58.000. . . . Jan. 1,1916
4s, J & J ,
per $1,000.
YearsBeal.
Total.
Personal.
4s, A&O, 128.500.. .. Apr. 1,1916
$
4siA & 0; 2 8 6 ,3 0 0 ....Oot. 1,1916
205,868,194
1,036,063,094
13-60
4s, J& J ,
21,000.... Jan., 1917 1898............ 830,194,900
208,721,659
1,012,582,209
13-00
1897............
803,860,550
I A&O.
‘ ■ | 1 6 1 ,0 0 0 ....Apr., 1917
4s,
210,990,726
981,252,426
1290
1896............ 770,261,700
7.000.
.. . July 1,1917
4s, J&J,
206,618,969
951,362,519
12-80
4s, A&O, 160.700.. .. Oot. 1,1917 1895............ 744,743,550
204,363,706
928,092,456
1280
20.000. .. . Jan., 19181894............ 723,728,750
4s, J & J ,
216,331,476
924,093,751
12-80
6 .3 00 ..
.. Apr., 19181893............ 707,762,275
4s,A&O,
202,051,525
822,041,800
1330
4s, A&O, 100.000. . . . 0 .t . 1,1918 1890............ 619,990,275
437,370,100
202,092,395
639,462,495
1520
. . . Apr.1880............
1, 1919
4s, A&O, 200.000.
218,496,300
584,089,400
15-30
4s! A&O, 3 0 0 ,0 0 0 ....Oct. 1,1919 1870............ 365,593,100
4s, A&O, 3 8 4 ,0 0 0 ....Oct. 1,1920
The tax rate for 1898 includes the State tax $0-54 per $1,000; the
4s, A&O, 1 0 0 ,0 0 0 ....Apr. 1, 1921 county tax, $1-06; the city tax proper, $12-00; total, $13-60.
4s, A&O, 162.500.. .. Oct. 1,1921
PO PU LATIO N .—State census, 1895, was 494,205. In 1890 popu­
4s, J & J , 100.000. . . . Jan. 1,1922 lation was 448,477; in 1880 it was 362,839; in 1870 it was 250.526.
75.000. . . . Apr. 1, 1922
4s, A&O,
.. . Oct. 1,1922
4s, A&O. 283.000.
4 s! a &o ! 5 7 6 ,2 7 5 ....Oct. 1,1923 B R A D F O R D . __ See City of Haverhill.
4s, A&O, 6 4 4 ,2 2 5 ....Oct. 1,1924
3*28, A&O, 5 0 ,0 0 0 ....Apr. 1,1915 r~>t~> a ttit '-i- it—
>
5®" ^" OYER, Treasurer.
3*28, A&O, 5 0 ,0 0 0 ....Oot. 1,1915 B
H A I J N i R J l . i l . . — I HENRY a . MONK, Clerk.
3*28, J & J ,100,000....Jan . 1,1916
This
town
is
in
Norfolk
County.
3*28, J& J , 7 5 ,0 0 0 ....July, 1916
L OANS.—
When Due. Total debt Jan. 1,1899..$359,886
3*28,A&O, 2 5 ,0 0 0 ....Oct., 1916
Sinking funds...................
53,977
W ater B onds—
3*28, A&O,2 7 5 ,0 0 0 ....Apr. 1, 1917
3*28,J&J, 100,000.... July 1,1918 4s, J&J, $100,000.......July 1,1917 Net debt Jan. 1,1899 . . . 305,909
Total
value
town
prop­
3 *28, M&N,130,000.... Nov.30,1919 4s, J&D, 1 5 0 ,0 0 0 ....June 1,1921
erty, estimated............. 246,279
6,000 ...A ug. 1, 1926
3*28, A& 0.145.000....O ct. 1, 1919 4s............
Tax valuation, 1898.......4,557,425
M unicipal Lighting —
3*28, J & J ,220,000....Jan. 1. 1920
Total
tax(per $1,000)’98
18-20
4s,
....,$
1
6
,5
0
0
........
Apr.
1,1917
3 *28, A&O,150,000....O ct. 1,1927
4,848
3*28, A.v0 ,2 0 0 ,0 0 0 ....Oct. 1, 1928 Bonded debt Jan. 1 ,1899.$272,500 Population in 1890 was.
Population
in
1895
was.
5,310
Floating
debt....................
87,386
3s, A&O,200,000.... Apr. 1,1917

2 0

C O U N T Y . — G e o . F. P r a t t , Treas.
County seat is Taunton.
NO TES—
When Due. 4s............$100,000..Juue 18,1902
48, J&J, $100,000..Jan. 16, 1902 4s, . . . . . 160,000.. Sept. 23,1902
40,000..July 15,19 '3
20.000. .Mar. 15,19004s,
3 % s ,.
20,000..Nov. 30,1903
20.000. . Aug. 13,18994s,
4*48,.
80.000. Aug. 19,’99-02 4s............. 40,000 Apr. 12,1904
4s, .
. . . . . 20,000..Nov. 30,1904
10.000. . 5.pt. 6, 18994s,
4s. .
. ... 2 ’,0 0 0..May 5, 1905
5,000.. Sept. 21,1899 4s,
4s, .
20.000. . Mar. 10,19004s, M&N, 40,000. Nov.30,’03-04
% s ,.
100.000. . Apr. 22,1901 4s, F&A, 100,000 Feb. 7, 1903
4s, .
80.000. .June 1, ’01-02 Total debt Feb.. 1 ,1899.$1,005,000
4s, .
20.000. .Aug. 21,1901Tax valuat’n in 1898.-179,041,277
5s, .
100.000. . Sept. 1, 1901 Population in 189-• w a s ...219,019
4s, .
4 0 .0 0 0.
.Nov. 25,1901Population in 1890 w a s... 186,465
5s, .
B R IS T O L .

LOW, Mayor.
B R O C K T O N . — S w ’. h . EMERSON, Treasurer.
This city is in Plymouth County.
School B onds— (Con.)—
LOANS—
When Due.
City H all —1891-2-3-4-5.
4s, J&D, $6,500..............1899-1903
($1,300 due yearly on June 1.)
4s, A&O, $72,000......... 1899-1916
($4,000 due yearly on Oct. 1.)
4s, A&O, $2,000..............1900-1^01
4s, J&D, $24,000........... 1899-1922
($1,000 due yearly on April 1.)
($1,000 due yearly on June 1.)
4s, J&J, $24,000.............1899-1904
4s, J&D, $15,000........... 1899-1913
($4,000 due yearly on July 1.)
($1,000 due yearly on June 1.)
4s, J&D, $28,000............ 1899-1905
($4,000 due yearly on June 1.)
4s, J&J, $3,000............. 1900-1905
($500 due yearly on Jan. 1.)
4s, J&D, $32,000............ 1899-1905
($4,000 due yearly on Deo. 1.)
4s, M&S, $21,000........... 1899-1904
($3,500 due yearly on Sept. 1.)
4s, J&J, $36,000.............1899-1916
4s, A&O, $43,200...........1900-1923
($2,000 due yearly on July 1.)
($1,800 due yearly on April 15.) 4s, J&J, $6,000........ Jan. 1,1900
4s, M&N, $30,000..........1903-1922
($1,000 due yearly) to Jan. 1, ’05.
($1,500 due yearly on Nov. 1.)
4s, F&A, $9,000 .........1899-1907
($1,000 annually on Aug. 1.)
4s, M&N, $50,000..........1903-1922
Se w e r B onds—1892-3-5.
($2,500 due yearly on Nov. 1.)
D rainage B onds—1888-1895.
4s, F&A, $12,000............ 1899-1922
($500 due yearly on Aug. 1.)
4s, J&J, $27,500 ........ 1899-1909
($2,500 due yearly on July 1.)
4s, J&D, $37,500............ 1899-1923
4s, MAN, $23,100.......... 1899-1919
($1,500 due yearly on June 1.)
($1,100 due yearly on Nov. 20.) 48, J&J, $200,000...........1899-1923
4s, A&O, $1,000............ 1899-1900
($8,000 due yearly on July 1.)
($500 due yearly on Oct. 1.)
4s, A&O, $175,000........ 1900-1924
($7,000 due yearly on April 1.)
4s, J&D, $7,000............. 1899-1911
($500 due yearly on June 1.)
4s, A&O, $100,000........ 1904-1923
4s, J&D, $4,800............. 1899-1922
($5,000 due yearly on April 1.)
($200 due yearly on June 1.)
4s, M&N, $29,000.......... 1899-1927
4s, M&S, $19,200..........1899-1922
($1,000 annually on May 1.)
($800 due yearly on Sept. 1.)
Street I mp . B onds 1897—
4s, F&A, $8,000.............1899-1914 4s, J&J, $16,000........ Jan. 1, 1900
($500 due yearly on Aug. 1.)
($2,000 due yearly) to Jan. 1 ,’07.
W ater B onds—1897.
4s, J&J, $10,500............1899-1919
($500 due yearly on July 1.)
5s, A&O, $30,0 0 0 ....Apr. 15,1900
4s, F&A, $4,000.............1899 1902 5s, A&O, 9 0 ,0 0 0 ....Apr. 15,1910
($1,000 annually on Aug. 1.)
4s, A&O, 50,000... .Apr. 15,1906
F ire D epartment—1890-4-5.
4s, J&J, 50,000... .July 15,1912
4s, J&J, $1,000..........July 1,1899 4s,M&N, 50,000....M ay 1, 1914
4s, A&O, $7,000........... 1899-1905 4s, M&N, 25,000....M ay 1, 1915
($1,000 due yearly on Oct. 1.)
4s, M&N, 2 5 ,0 0 0 ....May 1, 1927
H ealth B uilding—
4s, F&A. 1 5 ,0 0 0 ....Aug. 1, 1927
4s, J&D, $2,000............. 1899-1902 4s, M&N, 2 5 ,00 0 ....May 1, 1916
($500 due yearly on June 1.)
4 s ,........ 2 0 ,00 0 ....May 15,1918
P aving Bonds 1891.—
4s........... 10,000....May 15,1919
4s, J&D, $15,000........... 1899-1901 4 s , ........ 68 ,00 0 .... Apr. 1, 1920
($5,000 due yearly on June 1.)
5,000....O ct. 1, 1920
4 s ,........
p o LICE"““
4s........... 25,000....M ay 1, 1921
4s, J&J, $10,320........... 1899-1902 4 s ,........ 20,000....M ay 1, 1922
($2,580 due yearly on July 1.)
4s, M&N, 2 5 ,0 0 0 ....Mar. 1, 1923
School B onds—1889-1897.
4s,J&D, 6 2 ,0 0 0 ....Deo. 15,1923
4s, F&A, $3,500........ Aug. 1, 1899 4s........... 25,000.... Apr. 1, 1924
4 s , ......... 25,000....A p r. 1, 1925
1889-’90-l-2 -3-4 -5-6 -7 .
4s, F&A, $1,500..........Feb. 1,1900 4 s ,........ 25 ,00 0 .... Oct. 1, 1925
4s, J&J, $12,000............1899-1901 4s, M&N 25,000 . . . May 1, 1926
($4,000 due yearly on July 1.)
4s, M&N, 25,000.......May 1, 19 ¿7
4s, J&D, $7,200............. 1899-1902 4s, F&A, 1 5 ,0 0 0 ....Aug. 1, 1927
($1,800 due yearly on June 1.)
4s, F&A, 1 0 ,0 0 0 ....Aug. 1, 1928
4s, J&J. $4,000..............1899-1902 313s, J&J, 5 0 ,0 0 0 ....July l, 1919
($1,000 due yearly on July 1.)
3*38, M&N,15,000...May 1, 1917
The water bonds are coupon, all <thers registered.
PAR VALUE OF BON DS.—Th bonds are mostly for $1,000 each.
IN TE RE ST is paid at the office of the City Treasurer.
T O T A L DEBT, SINKING FUND, ETC.—The subjoined statement

«how s Brockton’s total municipal debt, the sinking fund held by the
-city against the same, and the water debt.
Dee.1,1898. J a n .l, 1898.
1897.
1896.
Bonded debt...............$1,918,120 $1,982,400 $1,938,680 $1,936,960
■Sinking fund...............
264,493
242,000
207,000
187,000

Netdebt................ $1,653,«27 $1,740,400 $1,731,680 $1,749,960
Waterdebtincl. above $770,000
$760,000
$720,000
$695,000
The city has no floating debt and the amount of sinking fund Deo. 1,
1898, was all applicable to the payment of the water debt.
ASSESSED VALU ATIO N .—The city’ s assessed valuation (which is
23 of actual value) and tax rate have been as follow s:
Real
Personal
Total
*Rate o f Tax
Years—
Estate.
Property.
Valuation.
per $1,000.
1898............$23,215,811
$2,870,042
$26,085,852
$¡¿0-20
1897........... 22,659,616
2,981,756
25,641,372
20-70
1895........... 19,460,836
3,109,709
22,570,545
18-60
1890........... 14,997,605
2,497,997
17,495,602
15-20
1882..............................
............
9,150,702
16662&
* Including State, county and city levy.
P O P U LATIO N .—In 1897 population was 35,863; in 1890 it was
■27,294 ; in 1880 it was 13,608 ; in 1870 it was 8.007.

B R O O K L I N E . —George H . Worthley. Treas.
This town is in Norfolk County.
LOANSWhen Due.

Vol. L X Y III

STATE AW® CITY SUffiEWENT
LOANS—
When Dae.
P ark Bonds—(Con.)—
4s, J&J. $14,000........ Aug. 1,1899
(Part due yearly) to Aug. 1,1906
4s, J&J, $12,000........ Jan. 1,1900
($1,000 due yearly) to Jan. 1,1911
4 s ,.......$7,800............. Mar. 1 , 19«0
($2,600 due yearly) to Mar. 1,1902
4 s ,...... $ 5 2 ,0 0 0 ....... Mar. 1,1900
$4,000 due yearly) to Mar. 1,1912
35ss........$2,600........ June 15,1899
$650 due yearly) to June 15,1902
353s......... $87.500..June 15,1899
($6,250 due y’rly) to June 15,1912
3*88, ....,$ 1 7 ,2 8 0 .......Jan. 1,1901
($1,080 due yearly) to Jan. 1,1915
P lay G rounds—
3538, . . . . . $2,800___May, ’ 99-’05
School N otes —
4 s ,. . . . . $22,400........ Ju n el, 1900
($5,600 due yearly) to Ju n el, 1903
4s............ $6,000...July 1, 1902-3
3533, ....... 85,000.......May 1,1899
($6,500 due yearly) to May 1,1915

School Notes—(Con.) —

3*28.........$17,500........Aug. 1,1899
($2,500 due yearly) to Aug. 1,1905
3*es,.......$40,000....... Jan. 1,1900
($2,500 due yearly) to Jan. 1,1915
Se w e r B onds—

4s........... $ 6 ,2 5 0 ....Feb. 1,1900
($1,250 due yearly) to Feb. 1,1904
W ater Scrip —

5s, J&J, $42,000...Jan. 1,1900
4s, . . . . . I l l , 6 5 0 ...July 1,1899
($4,466 due yearly) to July 1,1923
4s, F&A, $22,000...Jan. 1,1900
($1,000 due yearly) to Jan. 1,1921
353s , .......$49,560... .June 15,1899
($2,065 due yearly) to June 15,1922
3»i«s, $26,000........... June 15,1899
($1,000 due y’rly) to June 15,1925
3*1«*, --..,$ 1 3 ,5 0 0 ....Jan. 1,1900
($750 due yearly to Jan. 1, 1917
3^38.........$16,200... Aug. 1,1899
($600 due y’rly) to Aug. 1,1925
3-35s, . . . . $13,:-00 ....J a n . 1 ,1900
($700 yearly)
to Jan. 1,1918

T O T A L DEBT, SINKING FUND, E T C .—The subjoined statement
shows the total municipal debt, the sinking fund held by it against
the same, and the water debt, in each of the years mentioned:

Feb. 15,1899. Feb. 15,1898. Feb. 15,1897.
Total debt................................... $1,424,740
$1,394,951
$2,079,212
Sinking funds............................
40,275
38,977
125,000
Net debt......................................$1,384,465
Deduct water debt....................
294,210
Net debt as defined by law ........$1,090,255
Net debt allowed by law........... 1,995,810

$1,355,974
304,791
$1,051,183
1,925,076

$1,954,212
727,172
$1,227,040
1,829,904

Available balance...................... $905,555
$873,893
$602,864
The sinking funds are mostly invested in sundry municipal bonds.
T O W N P R O P ER T Y .—The town’s total assets, including buildings,
parks, water works, sinking fund, etc., amount to $5,279,865. The
water works are valued at $940,000.
ASSESSED V ALU A TIO N and tax rate have been as follows :
,--------------Assessed Valuation-------------- > Rate o f Tax
Years—
Real.
Personal.
Total, per $1,000.
1898.................. $49,947,300
$16,579,700
$66,527,000 $11-80
1897.................. 47,519,000
16,650,200
64,169,200 12-20
1896.................. 45,782,700
15,129,300
60,912,000 1 2 4 0
PO PU LATIO N .—In 1898 population (est.) 17,500; in 1890,12,103
P A A /T 'R 'D T H P TT
5
CHAMPLIN, Mayor.
O A IV.L. D J r t l i J Lx II..— \ WILLIAM W. DALLINGER, Treasurer,
This city is in Middlesex County.
Street L oan LOANS —
When Due.
B ridge L oan 48, M&N, $55,000..May 2,1902
48, A&O, $10,000..Oct. 1,1917 4s, F&A, 30,000.. Aug. 1,1914
4s, J&J, 100,000..July 1,1918 4s, A&O, 60,000..Oct. 1, 1915
4s, M&S, 100,000.. Sept. 1,1918 4s, A&O, 137,000.. Oct. 1,1916
4s, M&S, 115,000..Mar. 1, 1919 3*38, M&N, 11,000..Nov. 1,1907
4s, M&N,
5,000..Nov. 1,1920 3*28, M&N, 15,000..May 2, 1918
4s, J&J,
15,000.. July 1,1901
Street W idening B onds4s, J&J.
60,000.. July 1,1921 68, J&J, $10,000 July 1,1903
4s, F&A, 10,000 .Aug. 1,1923 6a, J&J,
90,000.. July 1,1904
B uilding L oan—
6s, J&J,
14,000.. July 1,1905
4s, M&N, $20,000..May 2,1902 4s, J&J,
8,000..Nov. 1,1899
Cem etery 4s, F&A, 118,000.. Aug. 1,1914
4s, A&O, 60,000..Oct. 1, 1915 48, F&A, $65,000..Aug. 1, 1905
Cl a y L and L oan 4s, A&O, 103,000..Oct. 1,1916
4s, M&N, 40,000..Nov. 1,1903 48, J&J, $50,000..July 1,1911
M unicipal B onds—
3*28, M&N, 20,000..Nov. 1,1912
4s, F&A, $52,000..Aug. 1,1904 3*«s, F&A, 10,000.. Aug. 1,1913
3*38, F&A, 4,900...Aug. 1,1908
Charles R iver I mp’ t . B ondsPa r k B onds—
3138, F&A, $50.000 Aug. 1, 1938
W ater B onds4s. F&A,$360,000..Feb. 1,1924
4s, F&A, 100,000.. Aug. 1,1935 48, A&O, $90,000..Oct. 1,1907
4s, F&A, 100,000..Feb. 1,1936 4s, M&N, 22,000..Nov. 1,1907
46.000.. July 1,1908
4s, F&A, 100,000.. Aug. 1,1926 4s, J&J,
4s, A&O, 40,000..Oct. 1,1926 4s, F&A, 25,000.. Aug. 1,1908
3*38, M&S, 100,000..Sept. 1,1937 4s, J&J.
20,000.. July 1,1909
3*28, M&N, 50,000..Nov. 1,1937 4s, M&N, 288,000..May 1,1910
3*38, F&A, 50,000 Aug. 1,1938 4s, J&J.
75,000.. July 1,1910
3*28, J&D, 50,000..June 1,1938 4s, M&S, 125,000..Sept. 1,1910
Paving B onds4s, J&J,
20,000.. Jan. 1,1911
48, M&N, $50,000..Nov. 1,1902 4s, A&O, 35,000..Oct. 1,1911
3*28, A&O, 20,000..Oct. 1,1907 4s, J&J, 150,000.. Jan. 1,1912
School B onds4s, M&N, 75,000..May 2,1912
48, M&N,$100,000.. May 1,1900 4s, M&N, 45,000..Nov. 1,1912
4s, J&J, 100,000.. Jan. 1,1901 4s, F&A, 100,000.. Feb. 1,1913
4s, J&J,
60,000.. July 1,1901 4s, F&A, 50,000..Aug. 1, 1913
4s, M&N, 20,000..Nov. 1,1902 4s, A&O, 300,000..Apr. 1, 1924
3*38, J&J, 100,000.. July 1,1917 4s, A&O, 200,000..Apr. 1,1915
3138, M&N,
9,500..Nov. 1,1907 4s, F&A, 200,000..Aug. 1,1915
4s, A&O,
6,000..Oct. 1,1916 4s, A&O, 100,000.. Apr. 1,1916
313s, F&A, 142,000..Aug 1,1918 4s, J&J, 200,000..July 1, 1916
3*38, M&N, 100,000...May 2,1918 4s, F&A, 100,000.. Aug. 1, 1916
3*28, J&D, 50,000 . June 1,1918 4s, A&O, 265,100..Oct. 1, 1916
Sew e r Bonds3*38, M&N, 43,000..Nov. 1, 1906
68, J&J, $136,000. July 1, 1903 3*38, J&J. 100,000.. July 1,1917
6s, J&J, 295,000. .July 1, 1904 3*28, A&O, 200,000..Apr. 1,1917
68, J&J, 144,000. .July 1, 1905 3*38, M&N, 75,000.. Nov. 1, 1917
4s, M&N, 30,000. .Nov. 1, 1907 3*38, J&D, 140,000..Dec. 1, 1917
4s, M&N, 22,000. .Nov. 1, 1909 3*38, M&N, 50,000. . .May 2, 1918
4s, M&N, 15,000. .May 1, 1910 3*28, J&D,
60,000...June 1,1918
4s, J&J,
15,000. .July 1, 1911 3*38, M&N, 50,000. Nov. 1,1918
4s, F&A, 75,000. .Aug. 1, 1924 Temporary loan, Oct. ’99.$100,000
48, A&O, 60,000. .Oct. 1, 1925
4s. A&O, 75,000. .Oct. 1, 1916
INTE R EST on bonds is payable at the Nat.Bank of Redemption,Bos.
T O T A L DEBT, SINKING FUNDS, ETC.—The subjoined statement

LOANS—
Wtwn Due. shows Cambridge’s total municipal debt, the sinking fund held by the
M iscellaneous—(Con.)—
city against the same, the water debt and its sinking fund on the flr&t
39,6s, . .., $148,800..June 15,1899 of December of eaoh of the last three years.
($1,500 due yearly) to Nov. 1,1905 ($9,300 due y’rly) to June 15,1914
Dec. 1,1898. Dec. 1,1897. Dee. 1,1896.
3»i6s, . . . , $20,000... .July 1,1899 39,6s, . .., $75,200___July 1,1899
$3,623,500
$3,313,000
($2,500 due yearly) to July 1,1906 ($9,400 due yearly) to July 1,1906 Total bonded debt.................... $4,012,400
Sinking
funds............................
.
780,362
714,974
581,668
B ridge N otes—
3*a8......... 15,000.. Nov. 1,1899
4s, J&J, $2,000........ Jan. 1,1900
Par k B onds$2,731,332
Net
municipal
debt
Deo.
1.
.$3,232,038
$2,908,526
($1,000 due yearly) to Jan. 1,1901 48, J&J, $45,500.......... July 1,1899
$2,961,600
$2,602,600
3»i68...., $23,750...........1899-1917 (Part due yearly) to July 1,1911 Water debt (additional)............$3,249,100
369,347
545,397
464,138
($1,250 yearly in October.)
4s, M&S, $12,000........Sept. 1,1899 Sinking funds............................
M iscellaneous—
($4,000 due yearly) to Sept. 1,1901
$2,703,703
$2,497,462
$2.233,253
Net
water
debt...................
4 s ,........ $60,000........ J u n e l, 1899 4s, F&A, $8,000........ Aug. 1,1899
Net city and water debt
$5,935,741
$5,405,988
$4,964,585
<$20,000dueyearly) to Ju n el, 1901 ($4,000 due yearly) to Aug. 1,1900
The city has no floating debt. The borrowing capacity for 1899 for
4 s , ........ $48.250.........Nov. 1,1899 4s, J&J, $2,000..........Jan. 1,1900
($9,650 due yearly) to Nov. 1,1903 ($1,000 due yearly) to Jan. 1,1901 city purposes is $397,086 (for “ clay lands’’ $50,000 and for parks
3 5 8 8 ,...., $7,500...M ay 1,1899 4s, J&J, $22,000......... Aug. 1,1899 $ 100 , 000 .
The sinking fund for the ten-year loans receives yearly 8*3 per cent
■3», 6s....... 10,200... June 15,1899
(Part due yearly) to Aug. 1,1910
mof the amount of outstanding bonds, for fifteen year loans 5 p e rce n t
<$i,700 due y ’rly) to June 15,1904
B ath H ouse ­
, . . . . , $ 1 0 ,5 0 0 ....Nov. 1,1899

r s




April, 1899.

M ASSACH U SETTS— CITIES AHD TOW NS.

yearly, for tlie twenty-year loans 3*« per cent, for the thirty-year loans
2 per cent and for the forty-year loans 1*4 per cent.
C IT Y W A TER W O R K S.—The cost of the water w orts up to D e­
cember 1,1898, was $5,602.364, while the net debt on the same is
$2,703,703. In year 1898 receipts from water rates were $297,130.
ASSESSED V ALU ATIO N .— The city’ s assessed valuation and tax
rate have been as follows, property being taken at cash valu e:
,---------------- Assessed, Valuation---------------- - Rale o f Tax
Tears—
Real
Personal
Total
per $1,000.
1 8 9 8..................$72,908,100
$16,642,990
$89,551,090 $16-40
16,302,045
86,641,745
17-50
1897 ............... 70,339,200
1895............
64,303,700
16,607,360
80,911,060
15-70
15,339,925
67,574,925
15-60
1890.................. 52,235,000
1885.................. 42,588,300
12,758,255
55,346,555
15-50
1880.................. 37,929,400
11,699,660
49,629,060
16 00
PO PULATION.—In 1890 population was 70,028; in 1880 it was
52,669; in 1870 it was 39,634. According to State census population
in 1895 was 81.643.
ROBERT BIRD, Treasurer.
WALTER A.MES, Cierk.
This town is in Norfolk County.
LOANS—
When Due. Bonded debt July 1 , ’98.$149,000
Tax valuation, real........ 2,632,840
W ater B onds—
4s,J&J, $95,000.... 1899 to 1917 Tax valuation, personal.1,294,218
Total valuation 1898__ 3,927,058
($5,000 due yearly on July 1.)
4s, J&J, $36,000.......1918 to 1923 Assessment about 34 actual value.
Total tax rate (per M.) ’98..$16-00
($6,000 due yearly on July 1.)
4s, J&J, $14,000.......1924 to 1925 Population in 1890 w as.........4,538
Population in 1880 was.........4,516
($7,000 due yearly on July 1.)
4s, J&J, $4,000...
July 1,1926 Population in 1896 (est.)___4,700
INTEREST is payable at the town treasury.

C A N T O N .—

( SETH J. LITTLEFIELD, Mayor.

*21

D A L T O N F I R E D I S T R I C T . — J ohn D.' Car son, Treasurer.— In Berkshire County.
LOANS —
When Due. Tax valuation, real.......$1,486,127

Tax valuation, personal 969,980
W arer L oans—
4s, J&D, $50,000........
1914 Total valuation, 1898... 2,456 113
4 s , ........
6,000........ On demand Assessment about ¡*3 actual value.
Bonded debt Jan. 15,’99. $56,000 Town tax (per $1,000) ’ 98..$15-0<>
19,000 Population 1895 (of tow n).. .3,207
Floating d e b t ................
Total debt Jan. 15,1899.
75,000 Population 1890 (of to w n )...2,885
There has never been any tax levied by the fire district, as water
rents pay aU expense and a balance of about $1,000 is appropriated
yearly for improvements or sinking funds.
INTER EST on the bonds due in 1914 is payable at Boston and Pitts­
field; on others at Pittsfield, Mass.
R S
5 A. R LEAROYD, Town Treasurer.
: JULIUS PEALE, Clerk.
Th's town is in Essex County.
W ater B o -¡ns (Con.)—
LOANS—
When Due.
4s, J&D, $25,000___ June 1,1911
T own H ouse—
15,000.....June 1,1913
4s.......... $30,050 ................1898-16 4s. J&D,
4s, A&O, 22,800.................... 1919
E lectric L ight B onds12,515.....1920 to 1923
48, F&A, $1,500.......................1899 4s, F&A,
............. 11,000.........June 1,1916 ... ......., 14,000.......June 1,1 92 3
2,993........Feb. 1,1927
4s......... 5 ,5 0 0 ............. ... 1928 .., ........
.., ........
1,335......... Feb. 1 ,1928
School B ondsBonded
debt
July 1, ’98. $319,743
48, M&N, $3,400..................... 1903
4s, J&D, 15,500.......... 1899-1915 Float’g debt (additional). 20,000
Sinking
f
u
n
d
...................
65,493
4 s , ......... 10,000.....................1917
4 s ,........ , 10,000............................ Tax valuation 1898........ 4,976,575
Tax rate (per $1,000) ’98. ..$19-20
E lectric-Light B onds48........... $4,000.....................1917 Population in 1895 w as........ 8,181
Population in 1890 was........ 7,454
Water B onds—
5s, J&J, $150,000.......July 1,1906

C H E L S E A . — ( T. B. FROST, Treasurer.

, tt*i—\t t a tv/t
5 R A. BROOKS, Treasurer.
The city is in Suffolk County. The city bonds at present outstanding i—
U J liJ U r l JAIVL.— ) DON GLEASON HILL, Clerk.
will be refunded at maturitv and the new bonds will be payable in 1911.
This town is in Norfolk County.
P ublic I mp . Loan —Continued—
LOANS —
When Due.
LOANS —
When Due. Assessed valuat’n, real.$7,002,005
City B onds4s, A&O, $70,000........ Oct. 1,1927
Notes—
Assessed valuat’n.pers’l 1,266,368
Special Loans—
48, A&O, $15 0,0 0 0 ....Oct. 1,1901
Total valuation 1898... 8,268,373
4s,
.
.
.
.
,
$15,825.....................
4s. A&O,
9 0 ,0 0 0 ....Oct. 1, 1903 4s............ $19,700....... Dec. 1,1902 4 s ,....... 124,225........,..1900 1899
Tax rate (per $1,000) J 898.$16‘801917
4s, A&O,
7 0 ,0 0 0 ....Oct. 1,1905 4s............ 18,000....... Dec. 1,1899
Population
in 1890 w as....... 7,123
S
chool L oan4s, A&O, 1 0 0 ,0 0 0 ....Oct. 1,1907 4 s , . ....... 10,000........Dec 1,1899 48............$85,100........... 1899-1917 Population in 1899 (est.)......7.200
Refunding B onds—
4s............ 10,000....... Dec. 1,1904 Total debt Feb. 1,1899 $140,050
4s, A&O, $ 1 81,000....Oct. 1,1911 4s............. 32,000...... Dec. 1,1911
W ater B onds—1891—
4 s ,........ . 291,000....D e c .l, 1911
5 J- W. SWIFT, Treasurer.
P ark Loan4s, g.,J&J 15. $150,000g. Jul.,1911 n T T V D T T D V
U r t I .— $ g e o . H. STEARNS, Clerk.
48, A&O, $ 6 0 ,0 0 0 ....Oct. 1,1936 I 4s, g.,J&J 15, 150,OOOg.Jul.,1921 L ) U
This town is in Plymouth County. Assessment is at full value.
P ublic I mprovement Loan— I
4s, A&O, $40,000........ Oct. 1,1907 |
A lmshouse N ote—
LOANS
When Due.
4s......... $1,000...........................1899
B ridge Notes—
IN TE R E S T is paid in Boston at National Bank of Redemption or by 4s..........
,$ 5 ,00 0 .... June 1, ’99-’03 Total debt Jan. 1 ,1 89 9 .. $38,803
City Treasurer, Chelsea.
Tax valuation 1898.........1,562,667
R ailroad Notes—
Tax rate (per $1,000) ’98
$14-00
T O T A L D EBT, SINKING FUND, Et c .—The subjoined statement 4*28, A&O, $ 4 ,0 0 0 ....Apr. 1,1900 Population
in 1895 w as........ 1,966
($2,000
yearly)
to
Apr.
1,1901
shows Chelsea’ s total municipal debt, the water debt, the special loans
and the sinking fund held by the city, on the 1st of January of each 4s A&O, $25,000.......Apr. 1, 1906 Population in 1890 w as........ 1,908
of the last four years. Mr. Frost, the City Treasurer, informs us that
all the indebtedness ot V>e city o f Ohelsea is now covered by special law, E A S T H A M P T O N . — Jos. W . W ilson, jR.,Treas.
and that hence the 2 *2 per cent limit on the indebtedness of Massachu­
This town is in Hampshire County.
setts cities does not apply.
T’nnot’ s,4s&4*28,Feb.l’ 99$84,800 . Total valuation 1898...$2,918,522
1899.
1898.
1897.
1896.
Water
debt (included)..
30,000 |Assessment about % actual value.
Loans and debt.......*$1,109,700 *$1,109,700
$949,700
$906,200
Floating debt, Feb. 1, ’99
2,000 |Tax rate (per $1,000) 1898.$15 50
Sinking fund............
208,044
158,088
165,059
116,008 Tax
valuation, real___ 2,254,265 Population 1890....................4,790664,257 [
$951,612
Net debt............. $901,656
$784,641
$790,192 Tax valuation, person’!
Water debt (addit’al)
$300,000 $300,000
$300,000
$300,000
A. W. HATCH, Mayor.
do
sinking fund
43,641
36,642
36,642
29,808
E V E R E T T — \NATHAN NICHOLS, Treasurer.
Net water debt.. $256,359
263,358
$270,192
$263,358
Everett is in Middlesex County. It was formerly a part of the town
Total net debt..........$1,158,015 $1,214,970 $1,047,999 $1,060,384 of Malden, but was incorporated as the town of Everett on March 9,
1870. It became a city on Jan. 1,1893.
* Including improvement loan.
When Due.
Water B ondsLO AN SC ITY P R O P E R T Y .—The city owns its water works, which in 1898
Sew er B onds—
48, J&J, $30,000.... July 1,1922
earned from water rates $103,000.
48, J&J, $50,000... ...Jan. 1,1911 4s, J&J, 100,000.... July 1,1921
ASSESSED VALUATION.—The city’ s assessed valuation (the same 4s,J&J, 50,000.. ...July 1,1911 4s,J&J, 60,000.... .Jan. 1,1924
as actual value) and tax rate have been as follows in the years named. 4s, J&J, 125,000.. ...July 1,1923 4s. J&J, 10,000.... .Jan. 1, 1924
City Notes—
s , .. . . , 25,000... •March 1,1929
-------- -------- Assessed Valuation---------------- > Rate o f Tax 4
1899 I' 3*as & 4s, $268,475 ...1899-1915
Tears—
Real
Personal.
Total.
per $1,000. 3*28, .., 10,000...
IN TE R E S T on the water bonds and sewer bonds is payable at the
$2,303,80*
$23,292,408
$17-40
1898................ $20,988,600
Winthrop Nat. Bank, Boston; on city notes by Treasurer’s check.
1897................ 20,751,100
2,304,827
23,055,927
17-60
1895............... 20,032,050
2,482,993
22,515,043
1700
T O T A L D EB T, Et c .—The following shows Everett’ s total debt,,
1890............... 18,187,500
2,613,439
20,801,139
17-60
the sinking fund held against the same, and the water debt.
1884................. 15,802,550
2,300,947
18,103,497
I860
Jan. 1 ,’ 99.
May 1,’98.
Jan. 1,’98.
$664,450
$664,450
PO PU LATIO N .—In 1895 population was 31,295; in 1890 it was Total debt......................................$693,475
Sinking funds...............................
90,620
73,748
74,070
27,909; in 1880 it was 21,782; in 1870 it was 18,547.
r '1u j

5 D. MURPHY, Mayor.
— (JOHN D. WHITE, Treasurer.
Chicopee is in Hampden County and was incorporated as a city in
t

IT

LOANS —
When Due.
Bridge L oan48, J&D, $53.000.......June 1,1904
E lectric L ight B onds—
4s, J&D, $72,000.......... 1899-1922
4s............ 6 ,0 0 0 ....July 15,1906
City Notes—
4*28, M&8, $11,000.Sept. 1, ’99-’04
4*28, J&D,
2,000...Dec. 1,1903
4*28, . . . . . .
550 ...On demand.
4s, J&D, 4,000... Dec. 1,1899
4s, J&D, 10,000...Oct. 1,1905
4s, J&D, 2,800...Dec. 2,1905
4s, J&D, 20,000...Aug.29,1900
4s, J&D, 23,500...June 1,1902
4s, J&D, 6,500.. Nov. 18,1902
4s, J&D, 10,000... June 1,1906

LOANS —
When Due.
33is. J&D, $10,000...Aug. 9,1902
3*28,J&D, 51,500...June 1,1902
3*28, J&D, 3,000...Deo. 1,1899
($1,000 yearly) to Dec. 1,1901
School Bonds—
4 s , ........, $ 26,000.... June 1,1907
3*28........ 10,000....................Itf08
Water B onds48, J&D, $299,000. $11,500 yearly.
Net debt May 1 .1 8 9 8 .... $622,462
Water debt (included).... 299,000
Tax valuation, real........ 6,884,660
Tax valuation, personal.2,427,280
Total valuation 1898___9,311,940
Tax rate (per $1,000) 1898.$18*10
Population in 1895 was___16.427

C L I N T O N . —Charles E . Shaw , Treasurer.

This town is in Worcester County.
LOANS.—
When Due. I Tax valuation 1898.......$7,260,598
Water B ovds —
Tax rate (per M.) ’98.......
18-20
48, A&O, $115,000___Oct. 1,1901 Population in 1895 w as.
11,500
.............
2,50 ........................... Population in 1890 was.
10,424
Total debt May 1,1898...$463,010 |

C O N C O R D , -This town is in Middlesex County.
LOANS —
When Due. Total debt Aug. 1,1898.. $95,600

Water W orks48, A&O, $45,000........Oct. 1,1903
............. 22,500..............................
Sew er B onds48....... ,$70,000....................... 1928




21,000
Sinking funds.................
Tax valuation 1898.........3,839,970
Tax rate (per $1,000) 1898... 13-33
Population in 1890 w as........ 4,427

Net d e b t ..................................$602,855
$590,707
$590,880
Water debt (included in above).. 200,000
$190,000
$190,000
ASSESSED VALUATION.—The assessed valuation of real estate
in 1898 was $14,967,300; personal property, $677,100; total, $15,644,400; total tax rate (per $1,000), $17-00. Property is assessed at
a fair cash value.
POPULATION—In 1899 about 22,000; in 1895 it was 18,578 ; ill
1890 it was 11,068 ; in 1880 it was 4,159 ; in 1870 it was 2,220.

F A I R H A V E N . — C h a s . F. Swift, Treasurer.
This town is in Bristol County
LOANS —
When Due.
Sew er B onds48, A&O, $71,000.......1900 to 1917
($2,000 to 1902; $3,000 to 1907;
$4,500 to 1912; $5,500 to April
1 ,1 9 L7.)

Bonded debt Feb. 1, ’ 99....$73,003
Assessed valuation, real .1,964,670
Assessed valuat’n, pers’l. 290,102
Total valuation 1898___2,254,775
Tax rate (per $1,000) 1898.$17-00
Population in 1899............... 3,500

U a t t
1—> T V /- t? D
5CHAS. P. BRIGHTMAN. Treasurer,
r JA l—iI—. XAI V XL LA.— f HENRY W. CLARKE, City Auditor.
This city, which is in Bristol Countv, was incorporated in 1854.
LOANS—
When Due.
LOANS—
When Due.
City H all L oans—
H ighw ay L oans—
3% s,M&N, $3.500..N ov. 5,1899 4*28, J&D, $15,000... June 1,1899
($1,750 due y’rly) to Nov. 5,1900
($5,000 due y ’rly) to June 1,1901
3%s,M&N, $6,000...May 1,1899 4*28, M&S, 4 0,000...Sept. 1,1901
($2,000 due y’rly) to May 1,1901 4*28, A&O, 10,000.. .Oct. 2,1903
3*28, A&O, $ 5 ,00 0 ... Oct. 1,1899 4s, F&A, 15,000...Feb. 1,19003*28, A&O, $5,000.Apr.... 15,1900 ($5,000 due y’rly) to Feb. 1, 1902
City H ospital L oan4s, M&S.$102,000...Mch. 1, 1903
48, F&A, $7,500......Feb. 1,1900 3%s, M&S, $3,000...Sept. 15,1899*
($2,500due yearly) to Feb. 1,1902 ($1,500 due y’rly) to Sept. 15, 1900P ublic L ibrary P aving L oans—
48, J&D, $75,000*.... June 1,1925 4*28, J&D, $7,500. .June l , 1899
4s, J&D, 75,000*....Dec. 1,1925
($2,500 due y’rly) to June 1,1901
4s, J&J, 75,000.......Jan. 1,1927 3*28, J&D, $5,000.. .June 2 ,1 8 9 3
4 s, M&N, 25,000........May 2,1918
($2,500 due y’rly) to June 2 , 190(>

22

STATE ATI® CITY SUfflEMEWT

Vol. LXV11I

LOANS —
When Due.
Municipal L oans—
4s, M&N, 8 ,0 00 ...May 1,1899
($9,500 due yearly) to May 1,1902
4s, J&J, $105,000*..July 1,1899
($7,500 due yearly) to July 1,1912
4s, M&8, $86,500___Mar. 1,1903
4s, A&O, 21,OOO...Oot. 1,1904
4s, FA A, 173,000... Feb. 1,1905
4s, M&S, 190,000...Mch. 1,1904
4s, J&J, 28,000...Jan. 1,1906
3%S, M&N, 3,000.......Nov. 5,1899
($1,500 due y ’rly) to Nov. 5,1900
48, M&S, $150,000___Mar. 1,1907
4s. F&A, 2 0 5 ,0 0 0 ....Feb. 1,1908
4s. F&A, 190,000....F eb . 1,1909
School L oans—
4148. A&O, $150,000* .Oct. 2,1913
4s, A&O, 60,000... Apr. 1,1916
3*28, M&S, 10,000.. .May 5, 1899
($5,000 due y’rly) to May 5,1900
4a, F&A, $100,000...Aug. 1,1917
4a, A&O, 7 0 ,0 0 0 ....Apr. 1,1917
Sew er L oans—
4*es, J&D, $32,500...June 1,1899
($2,500 due y’rly) to June 1,1911
4*ss, A&O, $ 1 0 ,0 0 0 ....Oct. 2,1913
4s, A&O, $32,500.......Apr. 1,1900
($2,500 due y’rly) to Apr. 1,1912
48, M&N,$25,000...May 1,1913
4s, A&O, 75,000...A pr. 1,1926
4s, A&O, 18,000...Oct. 1,1914
4s, F&A, 65,000...Feb. 1,1925
4s, M&S, 25,000...M cb. 1,1914
4s. J&J, 100,000*.. July 1. 1926
3 78S, M&N,125,000.. .May 1,1905
3%s, M&N, 6,500...Nov. 5,1899
($500 due yearly) to Nov. 5,1910
3*28, M&N,$33,000...May 1,1899
($3,000 due y’rly) to May 1,1909

LOANS•
When Due,
Real
Personal
Toted
Rate o f Tax
Sew er L oans (Con.)—
Estate.
Property.
Valuation.
per $1,000.
3*28, A&O, $27,500..Apr. 1,1900 1898................ $17,778 838
$4,656,253
$22,435,091
$18*60
($2,500 due y ’rly) to Apr. 1,1910 1897................ 16,603,260
4,652,016
21,255,276
19-20
4s, A&O, $ 5 0 ,0 0 0 ....Apr. 1,1927 1896................ 16,113,647
4,660,212
20,773,859
19-20
4s, A&O, 40,000.... Apr. 1,1928 1895..........
15,328,719
4,526,755
19,855,474
18-10
4s, J&J, 100,000....... July 1,1928
1894................
14,267,106
4,210,573
18,477,679
18*10
4s. F&A, 20,000...... Feb. 1,1929
1893................ 13,855,603
4,419,556
18,275,159
18-00
Water B onds—
12,971,915
4,093,630
17,065,545
.16-40
6s, F&A, $150,000...Aug. 1,1899 1892................
3,591,126
15,476,216
16*40
6s, M&N, 175,000...Nov. 1,1899 1890................ 11,885,080
6s, F&A, 100,000 ..Feb. 1,1900
P O P U L A T IO N . —In 1899 population was about 2^,438; in 1890 it
6s, F&A, 300.000. .. Feb. 1,1904 was 22,037; in 1880 it was 12,429; in 1870 it was 11,260.
6s, F&A. 300.000. .. Aug. 1,1905
6s, M&N, 100.000. .. Nov. 1,1906
5s, M&N, 100.000. . . May 1,1908 F O X B O R O U G H . — E dw . M. P helps, Treas.
5s, F&A, 100.000. .. Feb. 1,1909
This town is in Norfolk County.
. . May 1,1909
5s, M&N, 100.000.
4*28, J&D, 25,000...June 1,1905
LOANS —
When Due. Floating deb t..................
$5,000
4s, F&A, 100,000...Aug. 1,1900
R efunding B onds—
42,000
Total debt Jan. 1. *99___
75.000. .. June 1,19234s, A&O, $5,000.......................1899 Debt of water diet, (add!)
4s, J&D,
90,000
4s, M&N, 25.000. .. Nov. 1,1923 School H ouse Bonds— *
Assessed valuation, real. 1,650,000
25.000. ..May 1,19244s, A&O, $17,000......... 1900-1902 Assessed valuation, perT 350.000
4s, M&N,
25.000. ..Nov. 1,1924 T own B onds4s, M&N,
Total valuation 1898
2,000,000
25,000 .May 1, 1925 48, ........ $15,000.........July 1,1903
4s, M&N,
Assessment about actual value.
4s, J&D,
50.000. .. June 1,1925
($2,500 yearly) to July 1,1908 Tax rate (per $1,000) ’98. ..$16-30
4s, M&N,
25.000. .. Nov. 1,1925Bonded debt Jan. 1, *99. ..$37,000 Population in 1890 was........ 2,933
25.000. .. May 1,1926
4s, M&N,
Population in 1899 (est.)___3,200
25.000. ..Nov. 1, 1926
4s, M&N,
4s, A&0,
25.000. .. Apr. 1,1927 IN TE R E S T is payable in Boston.
25.000. ..Nov. 1, 1927
4s, M&N,
4s,
25.000.
..Nov. t7,TD
1,1928
a TVT IM P .T -T A 1VT
J JOHN B. LOMBARD, Treasurer.
r -TTAAlVlilNI
A 1 V 1 .— { FRANK E. HEMENWAY, Clerk.
Water W orks E xtension —
3%s, M&N, $ 2 ,000....Nov. 5,1899
This town is in Middlesex County.
($1,000 due y’rly) to Nov. 5. 1900
LOANS —
When Due. Net debt Mar. 1 ,1 8 9 9 ... $244,705
4s, A&O, $ 2 5 ,0 0 0 ....April 1,1928
Sewer B ondsW ater T ankTax valuation, real........ 6,970,130
48, F&A, $3,000........ Feb. 1, 1900 48, F&A, $ 140,000....Aug. 1,1908 Tax valuation, personal.1,371,240
Interest is payable in Boston.
($1,500 due yearly) to Feb. 1,1902
Total valuation 1898___8,341,370
Bonded debt Mar. 1 ,’99.. $140,000 Total tax (per $1,000) *98 $15-00
Floating debt.................... 170,750 Population in 189 m (est.) ...12,000
| * Special loans.
debt......................... 210,750 Population in 1895 w as.........9,498
IN TER EST on most of the bonds Is paid only at the office o f the City Total
Sinking funds..................
66,045 Population in 1890 w as.........9,239
Treasurer; on some small issues, in B oston.
TO TA L, DEBT« Et c .—The subjoined statement shows Fall River’s
total municipal debt, the additional water debt, and the sinking funds F R A N K L I N C O . — E. A . N e w c o m b , Treasurer.
held by the city against the same, on the dates nam ed:
County seat is Greenfield
Jan. 1, ’99
Jan. 1, ’98.
Jan. 1, ’97.
LOANS —
When Due.
State H ighw ay L oanMunicipal bonded d e b t............ $2,674,000
$2,578,750
$2,260,500
J ail L oan38, .. ,$16,202............1899-1904
Permanent loan, & c..................
78,830
76,380
73,905 48, J&J, $25,500.........On demand Total debt Jan. 1,1899
$48,702
4s......... 12.000........ Gn demand Tax valuation 1898....... 22,455,992
Total debt............................. $2,752,830
$2,655,130
$2,334,405
State T reasurer L oans—
Tax rate (per M.) ’ 97..
9-57
Sinking fund, &c........ ..............
533,457
549,160
440,227 3^s, J&J, $7,000.......Jan. 1,1900 Population in 1896 (est)___ 40,149
(Subject to call.)
Population in 1890 w as....... 38,610
Net city debt.........................$2,219,373
$2,105,970
$1,894,178
IN TER EST on the jail loan is payable in Greenfield.
Special loans, less sinking Pda. $671,879
$609,804
$520,000

Net city debt, less spec’l loans.$1,547,4 94
Water debt (additional)............ $1,950,000
Water sinking fu n d s................
549,592

$1,496,166
$1,925,000
503,747

$1,374,178
$1,900,000
456,586

Net water debt.................. .$1,400,408
$1,421,253
$1,443,414
Tot. net debt, less special ¿oans.$2,947,902
$2.817,592
$2,706,084
ASSESSED V A LU A TIO N —The city’s assessed valuation (about the
same as real value) and tax rate have been as follow s:
Real
Personal
Total
Rate o f Tax
Tears—
Estate.
Property.
Valuation, per $1,000.
1898...................$44,061,850
$26,856.286
$70,918.136 $17 80
1897................... 43,363,900
27,928,463
71,292,363
1720
1896.................. 41,935,800
27,350;696
69,286,496
1700
1895................... 40.013,050
25,195,128
65,238,178
17-20
1890................... 32,459,650
21,013,533
53,473,183
16-40
1885............................. .........
........
43,820,005
18-80
P O P ULA TIO N — In 1897 population was 101,106; in 1890 it was
74,398; in 1880 it was 48,961; in 1870 it was 26,766. In 1898, ac­
cording to local figures, 97,498.

T A X FREE.—All bonds issued by this county are tax exempt.

G A R D N E R . — J. D. E dgill, Treasurer.
This town is in Worcester County.
H igh School L oanTax valuation in 1898.$5,192,981
48, J&J, $55,000 .. .1903 to 1924 Tax rate (per $1,000) ’98
$22-00
Total debt Feb. 1,1899..$177,000 Population in 1895 w as........9,183
Demand loans, included. 10,000 Population in 1890 was........ 8,423
Sewer loans, included___ 44,00'»
IN TE R ES T is payable at the FirstNational Bank, Gardner, Mass.

f l T o n r * IT e r r IT T ?
5w. W. FRENCH, Mayor.
L tI j U U L ' I I S 1 .ELJrt.— ( EDWARD DOLLIVER, Treasurer.
Gloucester is in Essex County.
LOANS—
When Due.
LOANS —
When Due
City and Municipal B ondsF ire E ngine-H ouse Notes—
48, J&J, $136.000...July 1,1908 4s, M&S, $3,000..............1899-1901
4s, J&J,
15,000_____
1903
School-H ouse N otes—
4s, J&D,
14,000___ 1899-1905 4s, M&S, $34,000............ 1899-1915
4s, M&N, 32 ,00 0 .... 1899-1906
D rainage B onds4s, J&J,
21,63 6 .... 1899-1907
48, &&0, $1,600..............1899-1907
IT 1T C*W R T T D P
$ SA MUEL ANDERSON, Mayor.
4s,
J&D,
30,600___
D
ec.l,’99-’07
r 11
— ( GEORGE E. CLIFFORD, Treasurer.
Bonded debt Dec. 21,’98 $486,286
4s, J&J, 75,000___J u ly l,’ 99.to Sinking fund..................
195,818
This city is in Worcester County,
($1,875 due y ’rly) July 1, 1938 Net debt Dec. 21,1898.
290,4 68
4s J&D, $37,000__ Dec. 1 ,’9 9 ,to Park debt (additional).
75.000
LOANS —
When Due.
Sewer ($3,700 due y ’rly) Deo. 1, 1908 Assessed val’tion, real..12,402,640
B ridge 48, J&D, $3,000....... Dec. 1 ,’99-’01
H ighway I mprov . B onds48, M&N,*9,000 (reg.)Nov. 1,1902 4s, M&N, 10,000 (reg.)Nov. 1,1903
Assessed val’ation.per’l 3,288,196
B urbank H ospital —
4s, M&N, 35,000 (reg.)Nov. 1,1912 48, J&J, $50,000........ July 1, 1901 Total valuation 1898.. 15,690,836
4s, J&D, $90,000 (reg.)Dec. 1,1903 4s, J&J, 4,000 (reg.).. 1899-1906 4s, J&J, 50,000........ July 1,1902 A ssessment about % actual value.
I mprovement L oan N otes—
F ire D epartmentTax rate (per $1,000) 1898. .$17-60
4*28,---- 10,000....... June, ’ 99-’08
48, A&O, $4,000 (reg.)1899 to 1900 4s, J&D, 6,000 (reg.) Dec. 1,1906 4s, A&O, $13,950........ Oot. 1. 1899 Population in 1890 was.......24,651
4s,
J&D,
4,500............
1903
4s, J&D, 35,000 (reg.) June 1, 1903 4 s , ....... ,1 3 ,5 0 0 ............. 1899-1907
Population in 1899 (e st.)...29,000
4s, J&J,
6,000............
1900
4s, ....... 7,200........... J u n e’99-07
Sidew alk 3*3« ...... 3,000........... June ’99-08 48, M&N, $1,000........ Nov. 1,1899
IN TE R E S T on the city bonds is payable at the First National Bank
City B onds4s, J&D, 3,000___Deo. 1 ,’9 9 ’00 of Boston ; on the city notes at City Treasury.
48, J&D, $200,000(reg.) June 1, ’ 13 4s, . . . . . 6 ,3 0 0 ... .Deo., 1899-’07
G rade Crossing —
SUBTREE'*
2’000 -- Jan-> 1899*08 G R A F T O N .— This town is in Worcester County.
4s, J&D, $8,000 (reg.) Dec. 1,1905
P aving—
4s, M&N, $1,000...... Nov. 1,1899
LOANS —
When Due. Tax valuation, re a l___$1,763,155
4s, M&N, 2,500 (reg.)Nov. 1,1902 4s, A&O, 50,000 (reg.)Oct. 1,1903
F unding B ondsTax valuation, pers’l...
635,302
3*28,....... 5 ,0 0 0 ......Dec. ’ 99-’08 4s, J&D, 16,000(reg.)J’ly l , ’99-’06
48,
A&O,
$61,500.......Oct.
1,1899
valuation 1898... 2,398,457
Police Station—
4 s ,........ 4,500..............1899-1907 ($1,500 due yearly) to Oct. 1,1939 Total
Tax
rate
(per
$1,000)
’
98...$17-00
4 s , ........$19,000 (reg.)........ Dec. 1, 3*28,
10,000......... June,’99-’08 Total debt Apr. 1,1899....$61,500 Population in 1890 w as........ 5,002
1899 to 1903
Water —
4s, A&O, 32,000 (reg.)Apr.l,1904 4s,J&J,$100,000 (reg.) July 1,1901 IN TE R E S T is payable at Grafton. Population in 1899 was........ 5,100
School 4s, M&N, ll,0 0 0 (reg .)N ov.l, 1902
48, J&D, $4,000 (coup.) June 1,’99 4s, M&N, 25,000(reg.)Nov.l, 1903 G R E E N F I E L D . —W m. B. A llen , Treasurer.
4s, M&N, 20,000 (reg.)Nov.l,1902 6s, J&J, 80,000(cou.) July 1,1905
This town is in Franklin County. The fire district Is a municipal
4s, J&D, 2 5 ,000.... June 1,1914 6s, J&J, 20,000(cou.)July 1, 1906
4s, M&N, 200,000(reg),May 1,1923 4s, M&N, 100,000(reg.) May 1,1911 corporation within the town and has a distinct debt.
4s, J&D,
50,000(reg.)Junel, ’25 4s, A&O, 300,000(reg.) Apr. 1,1922
LO AN SWhen Due.
Sew er L oan—
A bolition Clay H ill Crossing.
J&J, $12,000.......July 16,1914
PAR VALUE OF BON DS.—The bonds are for $1,000 each, part 4s, J&D, $2,000..........Oct, 15,1899 4s,
S
ettlement
Town of D eerfield .
registered and part coupon.
4s, J&D, 1886............. Oct. 15,1900 4s, J&J, $10,000
Oot. 15,’06-’07
B
ridge
L
oan
Interest
is
payable
at Greenfield.
IN TE R E S T on coupon bonds is payable in Boston at Merchants’
48, J&J, $8,000.......... May 1,1905 Total town debt Mar.,’99. $85,510
Bank. The interest on registered bonds is remitted by check.
G eneral L oanWaterdebtMar.’98 (add.)
53,375
48, J&J, $10,925.........Oct. 15,1905 Tax valuat’n, real.......... 4,586,468
T O T A L D EB T, SINKING FUNDS Et c R
enewal
RR.
B
onds
Tax
valuation,
personal
1,260,452
Dec. 1,1898. Dec. 1,1897. Dec. 1,1896
Total city debt December 1----$1,530,200
$1,760,500
$1 798 500 48, J&J, $12,000.......Oct. 15,1899 Total valuation 1898___5,846,920
Sinking funds, cash, etc...........
340,630
522,191
505’499 ($3,000 due y’riy) to Oct. 15,1902 Tax val’n, Fire Dis. 1897,4,684,628
School L oanAssessment same as actual value.
Net debton December 1....$1,189,570 $1,238,309
$1,293,001 48, J&J $ 2 ,0 0 0 ..... Oct. 15,1899 Town total tax 1898.............$18-00
4s, J&J,
1,700.......Oct. 15,1900 Fire District ta x ..................
-70
Water debt, included above—
$636,000
$736,000
$736,000 4s, A&O, 10,000...Oct. 15,1901-2 Population in 1897 w as........ 7,500
The total city debt on December 1,1896, included temporary loans 4s, A&O, 15,000...Oct. 15,1903-4 Population in 1890 was........ 5,252
to the amount of $200,000. The sinking funds are invested in sundry
TA X FREE.—All bonds issued by this town are tax exempt.
municipal bonds.

ASSESSED V A LU A TIO N .— The city’s assessed valuation and tax

rate have been as follows:




H A D L E Y . — H . S. SHIPMAN, Treasurer,
This town is in Hampshire County.

April, 1899

WASSACttUSETTS--CITIES AND TOWNS,

LOANS—
When Due.
T own Notes—
4s & 4*28, $42,000.
1901
3s, ..........
3,000. June 3, 1899
4%s............
6,000.Nov. 2 », 1899
4s.............. . 10,000 Nov. 1,1899
4s, .........,
4,000.Sep. 28,1899
4s...............
6,000.Sep. 28,1904

I Total debt Feb. 16,1899..$7 ,355
I Sinking fund assets........... 31,377
I Net debt Feb. 1 6 ,1 8 9 9 .... 44,978
I Tax valuation in 1898.......985,612
I Tax rate (per$1,000) 1898.. 16-50
|Population in 1895 w as........ 1,704
Population in 1890 w as........ 1,669
|

H A M P D E N

C O . — M. W ells B ridge, Treasurer.

County seat is Springfield.
$11,005
LOANS —
When Due. Float, debt and notes..
Cotjht H ouse N otes—
Total debt Jan. 1, ’99.
251,0* 5
60,133
7s, ....,$ 4 0 ,0 0 0 .......... Jan. 1,1900 Sinking fund, cash, etc
190,872
($10,000 due y’rly) to Jan. 1,1903 Net debt Jan. 1,1899.
Tax valuation in 1898.124,939,003
J ail & H. of Cork . Bonds38, F&A, $200,000....Aug. 1, 1905 Population in 1890 w a s... 135,713
Temporary loan............. $100,000
Population in 1895 w a s ...152,938
Bonded debt J an. 1, ’99... 240,000
IN T E R E S T on the jail and house of correction bonds is payable at
the First National Bank of Boston, Mass.; all other interest payable at
the Springfield Institute for Savings, Springfield, Mass.
t t a t t tt*i—
> T j tt t
J JOHN A.’ GLINES, Treasurer.
n A V H ilr t.r ill_ .J L ..— ( ARTHUR E. LEACH, Auditor.
This city is in Essex County.
When Due.
LOANS —
When Due.
LO AN SWater L oan City B onds—
4s, A&O, $65,000.........Oct. 1,1899 4s, J&D, $300,000.. •Deo. 1,1912
4s, A&O, 120,000.........Oct. 1,1900 4s, J&D, 500,000.. .Deo. 1,1922
4s, A&O, 70,000.........Oct. 1,1901 4s, J&D, 50,000.. .Dec. 1,1927
School B onds—
4s, A&O, 55,000.........Oct. 1,1903
Dec. 1,1907
4s, A&O, 90,000.........Oct. 1,1904 4 s ,..........$25,000.
4s, A&O, 50,000.........Oct. 1,1921 4 s, A&O, 10,500. .Apr. 1,1908
Street B onds4s, A&O, 60,000.........Oct. 1,1902
4s, A&O, 110,000.........Oct. 1,1905 48. A&O, $22,000.. .Apr. 1.1908
Sew er B onds—
4s, A&O, 2 5 ,0 0 0 ....Oct. 1,1922
4s, A&O, 2 5 ,0 0 0 ....Oct. 1,1923 4s, A&O, $2,000... Apr. 1,1908
4s, A&O, 6 5 ,0 0 0 ....Oct. 1,1906
4s, M&S, 6 6 ,0 0 0 ....Mar. 1, 1907
INTEREST on the water bonds and on the $70,000, the $90,000 and
the $50,000 lots of the city bonds is payable at National Bank of Re­
demption, Boston, and upon all other city bonds at Treasurer’s office.
T O T A L D EB T .—The following statement shows the city’ s d e b t:
Jan. 1,1899. Jan. 1,1898. Jan. 1,1897.
Bonded d eb t.............................. ..$928,250
$927,429
$781,500
Sinking funds................................ 325,160
299,418
232,175

Net debt.................................. $603,090
$628,011
$549,325
$837,413
$733,935
Net water debt (additional)....... $864,162
Additional temporary loans, in anticipation of taxes, authorized
Jan. 23,1899, to the amount of $200,000.
ASSESSED VALUATION of the city and the tax rate have been
as follows in the years indicated. Assessment about actual value.
/-----------Assessment.----------->
Tax rate
Tears.
Real.
Personal.
Total.
per $1,000.
1898...............$20,307,669
$5,194,814
$25,502,483
$17 80
5,137,599
24,942,096
16-80
1897................. 19,804,497
1896................. 16,667,257
4,561,414
21,228,671
16-80
1895................. 16,058,448
4,734,556
20,793,004
16-70
1890................. 13,139.666
4,731,106
17,870,772
17-00
PO PU LATIO N .—Population in 1890 was 27,412; in 1880,18,472
in 1870,13,092; in 1895, 30,209; in 1897, 34,944.
On January 4, 1897. Haverhill annexed the town o f Bradford and
assumed its indebtedness, which is as folio ws, and is inoluded in above
statement o f “ Total Debt.”
LOANS —
When Due.
LOANS —
When Due.
B ridge bonds—
I mprovement B onds—
4s. J&J, $7,350..........July 1,1899 4s, J&J, $25,000.......Jan. 1,1903
($1,050 due yearly) to July 1,1905 ($2,500 due yearly) to Jan. 1,1912
School B ouse B onds—
F unding B onds—
4s, A&O, $5,400.......Oct. 1,1899 4 a, J&J, $9,000.........Jan. 1,1900
($2,700 due yearly) to Oct. 1,1900 ($3,000 due yearly) to Jan. 1,1902
4s, J&J, $13,000........ Jan. 1,1900 Tot. bds.outst’d’g Jan.l,’ 99t 66,250
($1,000 due yearly) to Jan. 1,1912 Water debt (additional).. .116,000
Sew er B onds—
Population in 1895 was........4,735
4 *38, J&J, $6.500........July 1, 1899 Population in 1890 w as........3,720
($500 due yearly) to July 1,1911

H O L B R O O K . —George B. F rench, Treasurer.

23

IN TE R E S T on the water bonds and on the city bonds due In 1899
Is payable at the City Treasury; on aU other bonds at the National Hide
& Leather Bank, Boston.
T O T A L D EB T, SINKING FUND, ETC.—The subjoined statement
shows Holyoke’ s total municipal debt and the sinking fund held by the
city against the same on the dates named.
Apr. 1 , ’ 99. Jan. 1, ’98. Jan. 1 ,’ 97. Ton. 1 ,’96.
Total debt....................$2,447,000 $2,482,000 $2,038,000 $1,859,000
Sinking fd. & RR. stk.
881,388
978,009
870,816
548,716
Net debt............... $1,565,612 $1,503,990 $1,167,184 $1,310,284
Water debt,incl. above $500,000
$500,000
$250,000
$250,000
C ITY P R O P E R TY —Included in the city’ s sinking fund as given
above for January 1,1898, is $226,500 Holyoke & Westfield RR. stock
This railroad is leased to the New Haven & Northampton and has paid
dividends since 1879. The value of all city property not including
water-works is estimated at $1,005,612. The water-works of the city
are valued at $1,100,000.
ASSESSED VALUATION—The city’ s assessed valuation and tax
rate have been as follow s:
,------------------Assessed Valuation.------------------Rate o f Tax
Tears—
Real
Personal
Total
per $1,000.
1899...................$28,239,530
$7,637,010
$35,876,540
1440
1897................. 25,057,810
7,414,450
32,472,260
15-80
1896................. 21,908,720
7,648,505
29,557,225
16-40
1895................. 20,578,390
7,126,235
27,704,625
16-80
1890.................. 16,914,870
5,158,955
22,073,825
18 0 0
P O P U LATIO N —In 1896 population was 4 4,153; in 1890 it was
3 5,5 2 8 ; in 1880 it was 2 1 ,9 1 5 ; in 1870 it was 10,733 ; in 1899 (accord­
ing to local figures) it was 45,000.

H O P K I N T O N .— This town is in Middlesex County.
LOANS—
Amount. I Tax valuation in 1898..$1,823,490
15-75
Water Works..................... $46,000 |Tax rate (per $1,000) ’98
Other d e b ts ....................... 44,986 I Population in 1895 was.........2,983
Total debt M ayl, 1898... 90,986 |Population in 1890 w as.........4,088
8A VILLI AN ARNOLD, Treasurer.
D. W. STRATTON, Clerk.
This town is situated in Middlesex County.
LO AN SAmount. Net debt Jan. 1 ,1 8 9 9 .... $179,403
Town N otes..................... $6W,200 Tax valuation in 1898.. .2,903,242
Water N otes..................... 109,600 Total tax (per $1,000) 1898.$18-60
Electric light n o te s........
39,000 Population in 1895 was........ 5,308
Total debt Jan. 1,1 89 9 .. 214,800 Population in 1890 w as........ 4,670
Cash & uncollected taxes
35,397 Population in 1880 w as........ 3,739

H U D S O N .—

tjr ~\r i-kTT d a R i f
5 h e n r y S. BUNTON, Treasurer.
17:1 1
" A A r T F L .— } HENRY B. TERRY, Clerk.
This town is in Norfolk County.
Sewer LoanLOANS —
When Due.
Town B onds —
48, M&N, $145,000........ 1899-1927
Is, M&N, $10,000.......Nov. 1,1899
($5,000 annually on May 1.)
($2,000 due yearly) to Nov. 1,1903 Total debt Mch. 1,1899.. $181,000
T own Notes—
Tax valuation, real........ 9,022,025
4s, J&J, $1,000.......... July 1,1899 Tax valuation, personal. 944,590
L ibrary B ondsTotal valuation 1898___ 9,966,615
48, M&N, $25,000.
May 1,1899 Tax rate (per $1,000) 1898. $17"00
($2,000 yearly) to May 1,1903 Population in 1895 was.......11,828
($1,000 yearly) to May 1,1918 Population in 1890 was.......10,193

I P S W I C H . —T homas E. Condon, Treasurer.
This town is 1n Essex County.
When Due.
LO AN SWater B onds48, J&J, $136,000.......July 1,1924
Bonded debt Jan. 1, ’99..$136,000
Floating debt.................... 26,840
Total debt Jan. 1, 1899.. 162,840
8inking fund.....................
7,773
Netdebt Jan. 1 ,1 8 9 9 .... 155,067
IN TE R E S T is payable in Boston

Tax valuation, r e a l__ $2,294,021
Tax valuation, person’l 758,504
Total valuation 1898... 3,052,525
Assessment about % actual value.
Tax rate (per $1,000) 1898.$14-00
Population in 1895 w as........ 4,720
Population in 1890 was........ 4.439
Population in 1897 (about). .4,800
at the Old Colony Trust Company.

EATON, Mayor.
L A W R E N C E — J ijg .HUR
A. BAILEY, Treasurer.

This city is in Essex County.
LOANS—
When Due.
School Bonds—
4s, F&A, $40,000.Aug., 1899-1903
Cemetery B onds—
4s. J&D, $13,000.June, 1899-1903
G ale ’ s H ill Imp . N otes—
4s, M. $10,00 '..N ov. 1,1899-1900
Municipal D ebt B onds—
6s, F&A, $3,000.. ..Feb. 1,1905
48, J&J, 262,000....... July 1. 1924
4s, ... , 100,000............ 1900 1909
Public Building B onds-

LOANS—
When Due.
Sew er B onds—(Con.)
4s, J&D. $75,000__ 1899 to 1923
(*3,- 00 due y* arly on Deo. 1.)
Bridge B onds—
4s, J&J, $65,000........July 1,1902
Water B onds—
6s, A&O, $ 2 0 0,0 0 0 ....Apr. 1,1900
6s, A&O, $100,000....Apr. 1, 1906
4s, J&J, 477.000... .July 1,1923
4s, A&O, 175,000 .. Oct. 1,1923
(Subject to call after Oot. 1,1913.)
48, . . . ., $47,OOO..Dec., 1899-1905 I Bonded debt Jan. 1,’99.$2,187,509
H O L L I S T O N . —J ames F. F iske, Town Treas.
4s......... . 48,000.Nov., 1899-1906 ' Sinking funds & assets.
726,882
This town is in Middlesex County.
4s........... 60,000..Dec., 1899-1906 Netdebt Jan. 1 ,1 8 9 9 .. 1,460,627
4
s
,........
49,500.Sept.,
1899-1907
Water
debt
(included)..
968,721
Total debt May 1,1898.. $15,500 I Population in 1895 was........ 2,718
Sew er B onds—
Assessed val’ ation,real.29,142,675
Tax valuation 1898.......1,513,144 |Population in 1890 was.........2,616
Assessment about % actual value, i Popula’n local census 1899..2,500 4s, J&J, $300,000.......July 1, 1904 Assessedval’ation.per’l 8,434,123
4s, M&S, 42,000.Sept.,1899-1912 Total valuation 1898...37,576,798
Total tax (per $1,000) 1898.$19-90 I
4s, J&D, 25.000 Dee., 1899-1903
Assessment about full value.
4s, J&D, 40,500.Dec., 1899-1925 Tax rate (per $1,000» 1898.$15 60
t_t ( \t v n r / tt1
5 ARTHUR B. CHAPIN, Mayor.
4 s ,......., 28,500.Nov., 1899-1917 Population in 1890 was......44,654
1
— ( PIERRE BONVOULOIR, City Treasurer.
Population in 1895 was......52,164
This city is in Hampden County.
PAR VALU E OF BONDS.— Th e bonds are of various denomlnaLOANS—
-— Interest.— *
------------ Principal.------------ . tions.
When Due.
Outstand'na.
NAME OR PURPOSE.
Bate. Payable.
Bridge bonds.. ..........1891 4g. M & S
IN TE R E S T is paid at the Tremont (now Eliot) National Bank in
$85,000
Sept. 1, 1911
....1894 4g. J & D
105,000 Boston and by the City Treasurer.
June 1, 1914
City bonas....... ........... 1874 6
271,000
A&O
Oct. 1, 1899
C IT Y P R O P E R T Y .—The city owns property valued at $2,558,897»
........... 1894 4g. J & J
July 1, 1904
190,000
..........1895 4g. A & O
Apr. 1, 1905
150,000 including $1,139,890 for water works.
......... 1896 4g. J & J
125,000
July 1, 1906
..........1897 4g. J & D
166,000 L E O M I N S T E R . — C. A. J oslin, Treasurer.
June 1, 1907
“
....... ......... 1898 4g. M & S
90,000
Sept. 1, 1908
This town is in Worcester County.
School loan___ ..........1895 4g. J & D
150,000
June 1, 1915
“
___ ..........1896 4g- J & J
100,000
July 1, 1916
LOANS —
When Due.
LOANS—
When Due•
“
. . . . .......... 1897 4g. M & S
109,000
Mar. 1, 1917
Water Works —
Sew er L oans—
Sewer bonds... ........... 1893 4g. M & N
May 1, 1913
50,000 4^8, M&S,$20,000... Sept. 1,1900 4^8, M&N, $7,000...Nov. 1, 1903
........... 1893 4g. A & O
Oct. 1, 1913
100,000 ..................... 21 , 000 . . .
............... 4^48, J&D,
3,500.. .Dec. 1,1901
Water loan.......
6
J & J
250,000 4s, M&N, 50,000...Nov. 17,1900 4s.............
July 1, 1900
6,000................. 1904
“
....... ...........1897 4g. J & J
250,000 4s. M&N, 40,00 0 ...May 17,1900 4s, ........
Jari. 1, 1927
7,000.................. 1905
Holyoke&Westf. RR. (ref.) 4g. J & J
July 1, 1913
60,000 4s, J&D,
25,000...June 1,1900
T own H all and Schooldo
do 1890 4g. A & O
166,000 4s, A&O, 103,000...Oct. 1,1925 4148, J<sJ, $13,900.. .July 1,1918
Oct. 1, 1910
City notes........
Various
5,000 4s............. 15,000..........1899-1901 ............... ,
1899
94,500..........................
do
.......
3
Dec.,
1899
25,000
($5,000 yearly on May 1 .'4s........... . 9 ,3 00 ..................1914
do
.......
Nov.,
1899
50,000 4s, ........ 49,000.........Oct., 1923 Water debt.......................$323,000
This town is in Norfolk County.
LO ANSWhen Due.
W ater works —
4s, A&O, $30,000.... Apr. 1, 1907
4s, A&O, 30,000.......Apr. 1, 1912
4s, A&O, 40,000.......Apr. 1, 1917
4 s,--------, 35,000.......July 1 ,1 92 2
Interest is paid in Boston.
Bonded debt Jan. 1, ’99..$135,000
Floating debt..................
20,988




I Total debt Jan. 1,1899. $153,988
Sinking fund assets........
36,363
Net debt Jan. 1 ,1 8 9 9 .... 119,625
Total value town prop’ty 177,251
Tax valuation in 1898... 1,184,909
Tax rate (per $1,000) 1898..$20 00
Population in 1895 was........ 2,298
Population in 1890 w as........ 2,474
I

24

Floating debt..................... $125,750 Tax valuation, real.......$5,584,159
Sewer debt.......................
23,500 Tax valuation, personal. 943.390
Tow n Hall & soh. h. debt. 117,700 Tot’l valuation m 1898.-6,527,549
Funds held in trust........
21,414 Total tax (per $1,000),1898.$22*50
Total debt Jan. 1 ,1 89 9 .. 611,364 Population in 1895 was........ 9,214
IN TE R E S T on the water bonds is payable at the Boston Safe Deposit
& Trust Co. o f Boston; on the 4 per cent general debt loan at Leomins*
ter; on all other loans at Boston.
JG. D, HARRINGTON, Treasurer.
(L . A. SAVILLE, Clerk.
This town is in Middlesex County.
$23,025
LO AN SWhen Due. . Trust funds, 6s.............
Bonded debt Jan. 1,1899. 255,525
School H ouse Notes—
Floating debt.................... 35,000
3388, Var., $12,000....... 1899-1900
Total debt Jan. 1 ,1 89 9 .. 290,525
($6,000 due yearly.)
33 js, . . .......$2,500..June 11,1899 Tax valuation, real.. —. 4,273,475
Tax valuation, personal 589,905
W ater Works B onds48. M&N, $180,000....... 1899-1916 Tax valuation 1898....... 4,863,380
Assessment same as actual value.
($10,000 due yearly on Nov. 1.)
4g, J&J, $8,000, g....July 1, ’99-06 |Tax per $1,000 1898............ $17*50
Population in 1895 w as........ 3,497
($1,000 due yearly.)
4s....... . $9,000 g..Jan., 1900-1908 Population in 1890 was........ 3,197
Refunding w ater —
4s, . . . . . $10,000 g ___Nov. 1.1917
4 s , ....... 10,000........ Nov. 1,1918

L E X IN G T O N .

L I N C O L N . — C h a s . S. W h e e l e r , Treasurer.
This is a town of Middlesex County.
LOANS—
When Due. Assessment about 23 actual value.
Total tax (per $1,000) ’ 98. ..$11*00
Water B onds—
4 s , ___, $17,000___ Dec. 1, yearly. Population in 1895 w as.........1,111
Total debt Feb. 1,1899. - $37,000 Population in 1890 was......... 987
Total valuation 1898.....1,971,310 Population in 1880 w as........ 907
IN TE R E S T is payable at National Bank of Commonwealth, Boston
r /-VTTTT7 T

5 JEREMIAH CROWLEY, Mayor.
— ( CHARLES F. COBURN, Treasurer.
This city is in Middlesex County.
LOANS—
When Due.
LOANS—
When Due.
Schools—(Continued)—
B ridges —
3 78S, F&A, $36,000. ..1899 to 1904 4s, A&O, $5,700........ 1899 to 1901
($1,900 due yearly on Oct. 19.)
($6,000 due yearly.)
35s8, M&N, $2,500...May 22,1899 4s, J&D, $14,000.......1899 to 1902
($3,500
due yearly on June 3.)
4s, F&A, $13,000...1900 to 1904
4s, F&A, $28,000...... 1899 to 1902
($2,600 yearly on Feb. 21.)
($7,000 due yearly on Aug. 31.)
4s, J&J, $45,000...1900 to 1905
4s, A&O, $150,000.. .April 1,1921
($7,500 yearly on Jan 4.)
4s, M&N, $9,090.......1899 to 1907 4 s ,J & J , 2 0 0 ,0 0 0 ....July 1,1926
3kss,J&D, 15,000...1899 to 1904
($1,010 yearly on Nov. 24.)
($2,500 due yearly on July 12.)
4s,
, $30,100.. .Deo., 1899-190 8
4s, ... , 35,000..Jully. 1899-1908 4s.......... $40,500 . 1899 to 190
($4,500 due yearly on Aug. 10.
31^8, ..., 2 5 ,000......1899 to 1908
4 s.......... $20,000,__ May, *99-’0
($2,500 yearly on Aug. 6.)
C. H. & M. B uilding—
i State A id —Spanish W a r 358s, J&D, $3,000....................1899 \ 48.......... $5,200........ A u g.,’ 99-’08
4s, A&O, $9,000 ....1 8 9 9 to 1904 ! Sewers _
4s, A&O, $15,000.......1900 to 1902
($1,500 due yearly.)
($5,000 due yearly on Apr. 9.)
4s, A&O, $450,000....Oct. 1,1920
4s, A&O, $56,000....... Oct. 2,1902
Miscella neous—
4Hs. M&N, $77,500.-1899 to 1903 ' 4s, A&O, 94,000.......Apr. 2,1903
4s. J&J,
7,200.......1900 to 1905
($15,500 due yearly ou Nov. 1.)
($1,200 due yearly on Jan. 4.)
4s, J&D, $22,000.......... Dec. 1,1899
4s, J&J,
7,000....... 1899 to 1900 3^8, M&N, $30,000..1899 to 1904
($5,000 due yearly on May 4.)
($3,500 due yearly on July 16.)
4s, M&N, $9,200.......1899 to 1900 4s, F&A, $70,000.......1899 to 1905
($10,000 due yearly on Aug 7.)
($4,600 due vearly on Nov. 29.)
4s, M&N. $40,000....1899 to 1902 4s, M&N, $30,000....1899 to 1901
($10,000 due yearly on May 16.)
($10,000 due yearly on Nov. 1.)
4s. M&S, $14,100.......1899 to 1901 4s, J&D, $29,000.......1899 to 1903
($5,800 due yearly on June 17.)
($4,700 due yearly on Sept. 14.)
4s, M&N, $16,500....1899 to 1901 4s, J&D, $61,000.......1899 to 1903
($12,200
due yearly on Dec. 3.)
($5,500 due yearly on Nov. 28.)
4s. M&N, $28,000.... 1899 to 1902 4s, M&N, $13,500.... 1898 to 1907
($1,500)
due
yearly on Nov, 8.
($7,000 due yearly on May 4.)
4s, J&D, $19,950.......1899 to 1903 35ss, M&N, $60,000..1899 to 1906
($7,500
due
yearly
on May 5.)
($3,990 due yearly on June 7.)
S^s. J&D, $30,600... 1899 to 1904 4s. M&N, $67,500.... 1899 to 1907
($7,500 due yearly on May 11.)
($5,100 due yearly on June 29.)
3*08, A&O, $60,000...1899 to 1904 4s.......... $30,000__ 1899 to 1909
Streets —
($10,000 due yearly on Oct. 19.)
4s,M&N,$70,000 (reg.) 1899 to 1905 4s F&A. $13,000...... 1900 to 1904
($2,600 due yearly on Feb 1.)
($10,000 due yearly on Nov. 27.)
4s, M& V, $40,000... 1899 to 1906 4s, J&J, $45,000.......1900 to 1905
($7,500 due yearly on Jan. 4.)
($5,000 due yearly on Nov. 19.)
4s....... . $100,000..May, 1899-1908 3®8S, M&N, $2,500. ..M ay 22,1899
4s, .. , 100,000.Nov., 1899-1908 4s, M&N. $20,000(reg.).lH99 to ’ 06
($2,500 due yearly on May 6.)
4s....... .
48,OOO.Deo., 1899-1908
3*28, ..,
3 *,0 00 ...........1899-1908 1 Water W orks—
|
4s,
M&S, $12,000...... 19" 0 to 1901
4 s.........
30,000......................1919
($6,000 due yearly on Mar. 9.)
Par k B onds—
3128, F&A, $70,210..Feb. 19,1904 4s, J&D, $40,000.......1899 to 1902
($10,000 due yearly on Deo. 1.)
P ublic B uildings—
3^8, A&O, $4,200....1899 to 1904 4s, M&N, $75,000.Nov. 1, 1911
4s, M&N,1,000,000. Nov. 1, 1920
($700 due yearly <>n Oot. 19.)
30,000 1899 to 1904
4s,M&8,$15,200(reg.)1899 to 1906 3^8, F&A,
($5,000 due vearly on Aug. 6.)
($1,900 due yearly on Sept. 19.)
4s, J&D, $18,000___1899 to 1902 4s, F&A, $60.000.......1899 to 1910
($5,000 due yearly on Aug. 7.)
($4,500 due yearly on June 3.)
4s.........$36,000 .Oot., 1899-1908 4s, M&N, $36,900 ...1899 to 1907
($4,100 due yearly on Nov. 8.)
4s, J&J, $18,000.
1899 to 1901 Temporary loan,$200,OOO.Deo.,’99
($6,000 due yearly on July 6.)

LU W

Vol. L X Y III

STATE AND CITY SUfflEW ENT,

t

T O T A L DEBT, SINKING FUNDS, E T C .-

Jan. 1 ,’99.
Total debt (incl. water debt). . . .$3,879,950
Sinking funds.............................
506,870

Jan. 1, ’98.
$3,775,350
446,572

Jan. 1, ’ 97
$3,820,340
391,279

$3,328,778
$3,429,061
Net debt................................ $3,373,080
$1,290,000
$1,275,000
Water debt (included above)___$1,259,900
$220,846
$196,691
Water debt s. f.
do
—
$246,916
C IT Y P R O P E R T Y .—The city owns real estate and personal prop­
erty valued at $6,349,057 63.
ASSESSED VA LU A TIO N .—The city’ s assessed valuation (abou®
actual value) and tax rate In different years have been as follow s:
,---------------- Asse8sed ValuaUo1» ---------------- , Bate o f Tax
Personal.
Total, per $1,000.
Beal Estate.
Years—
$15,313,363
$70,941,243
$18*00
1898............. . . . $55,622,880
$17*40
15,707,450
70,386,170
1897............. . . . 54,678,720
15 0 0
15,965,987
69,901,947
1896............. . . . 53,935,960
18*00
16,524,642
68,782,042
52,257,400
1895............. .. .
17,037,462
62,353,612
17*00
45,316,150
1890............. . . .
15*70
15,426,459
56,749,253
41,322,794
1887..4........ . . .
POPU L A T IO N .—In 1895 population was 84,359; in 1890 77,696




5 WILLIAM SHEPARD, Mayor.
*
(WM. F. BRACKETT. Auditor.
This city is in Essex County. Lynn pays to the sinking fund yearly
an amount of money sufficient, with the accumulations of interest on
the sinking fund investments, to pay off the entire debt at maturity.
LOANS—
When due.
LOANS—
When Due.
Sewer L oan —(Con.)—
Cemetery L and—
4s, J&J, $25,000, r___Jan. 1,1903 4s, J&J, $50,000, r...Jan. 1,1913
48, A&O, 40,000. r ...... Apr., 1916
E ngine H ouse—
4s, J&J, $15,000, r . .. . July 1,1901 3%s, J&J, 10,000, r. .July 1,1904
4s, A&O, 10,000, r . . . . Apr. 1,1902 4s, A&O, *20,000.*....A p r. 11908
Street I mprovement—
6s, J&J, 5,000, r ___Jan. 1,1904
I 4s, A&O, $30,000......Apr. 1,1902
F ire A pparatus L oan48, J&J, $11,000, r ___July 1,1900 4s, J&J, 50,000, r..Jan. 1,1903
4s, A&O,
5,000, r..O ct. 1,1903
M unicipal L oan—
4s, J&J, $101,000, r..Jan. 1,1903 4s, J&J, 30,000, r..Jan. 1,1904
4s, J&J, 25,000,r..Jan. 1,1904
4s, J&J,
58,000.Jan. 1,1904
4s, A&O, *35,000.......Apr. 1,1908
4s, J&J,
60,000.J uly 1,1907
4s,*A&O, 125,000, r .. Apr. 1,1920
4s, A&O,
16.500_A pr. 1,1908
4 p, A&O.35,500 ....O c t. 1, 1903 4s,* A&O, 25,000, r .. Oot. 1,1921
Sinking F und LoanP a rk L oan48, A&O, $12,000, r . . .Oct. 1,1902 48, A&O, $54,000.......Apr. 1,1906
Water L oan4s, J&J,
5,000,r...J a n . 1,1903
4s, J&J, 30,000,c ..July 1,1919 58, J&J, $50,000,o&rJan. 1,1900
58,
J&J, 50,000, 0.. Jan. 1,1901
48, A&O, 6,000,r...O ct. 1,1919
4s,A&O, 20,000,r...A p r. 1,1920 5s, J&J, 200,000,o&rJan. 1,1905
4s. A&O, 5,000,r...O ot. 1,1920 4s, A&O, 10,000, r . .Apr. 1,1900
4s, M&S,
8,000, r. .Mar. 1,1903
P olice Station L oan—
4s, J&J, $46,000,r ....J u ly 1,1899 4s, J&J, 150,000,c&rJan. 1,1905
4s, J&J,
8,000, r . .. .July 1,1900 4s, M&N, 20,000, r..N ov. 1,1913
4s, M&S, 50,000, r . .Mar. 1,1914
School H ouse L oan48, A&O, $4,000, r___Apr. 1,1900 4s, J&D, 20,000, r. .Deo. 1,1914
4s, A&O, 30,000, r......Oct. 1,1900 4s, M&S, 10,000, r .. Sept. 1,1916
9,000, r..O ct. 1,1916
4s, A&O, 55,000, r ___Apr. 1,1901 4s, A&O,
7,500,r..J u ly 1,1917
4s, A&O, 30,000, r ___Oot. 1,1901 4s, J&J,
4s,
F&A,
5,000,
r .. A u g .l, 1917
4s, A&O, 20,000, r ___Apr. 1,1902
2,000, r..O ot. 1,1917
4s, J&J, 28,000, r ....J u ly 1,1902 4s, A&O,
4s,
M&N,
6,500,
r..N ov 1,1917
4s, J&J, 6,000,r....J a n . 1,1903
4s, J&J, 10,000,r....J u ly 1,1903 4s, A&O, 15,000, r..A pr. 1,1918
4s,
J&D,
10,000,
r. .June 1,1918
4s, J&J, 5,000, r....J a n . 1,1904
4s, A&O, 10,200, r ___Oct. 1,1904 4s, J&J, 85,000, c&r.July 1,1919
4s,*A&O, 60,000, r ___Apr. 1,1909 4s, A&O, 100,000, o&r.Apr. 1,1918
4s,*A&O, 50,000, r . .. .Oct. 1,1910 4s, J&J, 75,000, r..J u ly 1,1919
4s,*A&O,140,000. c&r.Apr. 1,1911 4s, J&J, 35,000, r..Jan. 1,1920
4», J&J, *5,500.......Jan. 1,1908 4s, A&O, 150,000, r..A pr. 1,1920
4s, A&O, *25,000........Jan. 1,1918 4s, A&O, 50,000, r..A pr. 1,1921
4s, J&J, *35,000........ Jan. 1,1918 4s, A&O, 25,000, r..O ct. 1,1921
4s, J&J,
50,000,r..Jan. 1,1922
Sew er L oan25,000, r .. July 1,1922
48, J&J, $10,000, r...Jan. 1,1903 4s, J&J,
4s, J&J, 25,000, r...Jan. 1,1914 4s, A&O, 40,000, r..A pr. 1,1923
4s,
J&J,
1
6
5 ,0 0 0 ....July 1, 1925
4s, J&J, 30,000, r...July 1,1904
50 ,00 0 .... July 1,1926
4s, M&S, 25,000, r ... Sept. 1,1905 4s, J&J,
4s,
J&J,
25,000,
r .. July 1,1927
4s, J&J, 100,000,r...July 1,1906
4s, M&N, 20,000, r .. .Nov. 1,1906 48, J&J, 25,000.... July 1,1928
4s, M&S, 10,000, r... Sept. 1,1907 4s, A&O, 10,000.... Oct. 1, 1928
4s, M&N, 10,000, r...N ov. 1,1907 3%s, M&N, 7,300, r..M ay 1,1904
4s, F&A, 10,000, r...A ug. 1,1908 3%s, M&N, 31,000, r..N ov. 1,1913
4s, M&S, 10,000, r ... Sept. 1,1908 3%s, J&D, 6,000, r..D eo. 1,1915
4s, M&N, 10,000, r... Nov. 1,1908 313s, M&N, 66,500, r..M ay 1,1905
4s, J&J, 10,000, r... Jan. 1,1909 3*28, J&D, 5,000, r..D ee. 1,1905
4s,*A&O, 100,000, r... Apr. 1,1909 313s, A&O, 2,000, r..A pr. 1,1916
4s, J&J, 35,000, r...Ju ly 1,1910 3*28, M&N, 24,500, r..M ay 1,1916
4s, A&O, 10,000, r...O ct. 1,1910 3*38, J&D, 3,500, r . .June 1,1917
4s, J&J, 10,000, r...Jan. 1,1911 3*28, F&A, 6,500, r. .Feb. 1,1917
M iscellaneous B onds4s, A&O, 50,000, r ... Apr. 1,1911
4s, J&J, 35,000, r ... July 1,1911 48, Var., $35,800, r. .1902 to 1904
P H .......■
■ ■
____ 4s, A&O,
56,000......... Oct. 1,1907
4s, A&O, U
20,000,
r...Apr.
1,1912
r...Ju Ilym1,1912
4s, J&J, 20,000,
■
------- |Tern loan,3s,daeJan.l900.$80,000
to) coupon, (r) registered.
* The loans marked thus (*) in the above table are authorized by
special acts of Legislature in excess of the city’s legal debt limit. The
total amount of outstanding bonds thus authorized is $685,000.
PAR VALUE OF BONDS.—The bonds are $500 to $2,500 each.
INTEREST—W H ERE PAYABLE.—Coupons are payable at the
Bank of the Republio, Boston, or at the City Treasurer’s office, Lynn:
other interest is payable by City Treasurer only.
T O T A L DEBT, E TC .—The total debt on Dec. 20,1898 was $4,741,950. The subjoined statement shows Lynn’ s total municipal debt, the
«iniring fund held by the city against the same, the water debt, and the
city’ s floating debt, on each of the dates indicated.
Dec. 20, ’98. Dee. 20, ’97. Mav, 1897.
T V is n s j

Funded debt iexcl. of water)........ $2,391,650 $2,232,150

$2,539,050

Net debt............................................$1,808,377 $1,783,974

$2,123,771

Sinking funds..................................

583,273

448,176

Water debt (additional).................. 1,835,300

1,800,300

Total net municipal debt............... 3,217,536

3,216,914

Water works sinking fund............
426,141
Net water debt................................ 1,409,159

367,360
1,432,940

415,279

1,775,300

300,421
1,474,879

3,598,650

The funded debt as given above for Dec., 1898, includes loans to the
amount of $720,000 in excess of debt limit and issued under author­
ity of special acts of Legislature. Temporary loans amounting to
$515,000 are not included in totals.
C ITY P R O P E R TY AND W A T E R W O R K S.—The city property
consisting of real estate, school buildings and public parks, amounts
tf) $1,845,625. Total cost of water works to Jan. 1,1899, $2,398,788.
ASSESSED VALUATION .—Assessed valuation and tax rate, real
estate being taken “ at about three-fourtb cash value,” have b e e n :
;---------------- As sessed Valuaticm---------------- . Bale o f Tax
Beal
Personal
Total, per $1,000.
Years—
$50,960,334
$17-60
$9,384,798
1898............. . . . $41,575,536
50,881,903
9,724,857
17*40
1897............. .. . 41,157,046
39,256.182
49,698,056
17-20
1895............. . . . 10,441,874
11,340,046
40,730,378
15*00
1890............. ... 29,390,332
5,470,192
23,383,735
17*60
1880............. . . . 17,913,543
6,649,903
20,927,115
17*20
1870............. ... 14,277,212
P O P U L A T IO N .— I h 1895, 62,355; in 1890, 55,727; in 1880, 38,274.

»/t a t TMTTM
> CHA.8. L.*DE AN, Mayor.
JVLA.J_4U i l . l N .— ( HENRY A. WILDER, Auditor.
This city is in Middlesex Comity, and was incorporated Jan. 2,1882
LOANS —
When Due.
LOANSWhen Due.
F ire D epartment —(Con.)—
B rick Sidewalks —
4 b, M&S, $3,000... .Mar. 15,1900 4s, M&N, $1,- 00.......Nov. 1, 1899
($1,000 due yearly) to Mar. 15,1902 ($300 due yearly) to Nov. 1,1903
4s, M&S, $5,000......M ar.15,1900 4s, A&O, $9,600.......Apr. 1, 1900
($1,000 due yearly to M ar.15,1904 ($600 due yearly) to Apr. 1.1915
4s, J&D, $ 5,600........ June 1,1899 4s.........$1,250............ July 1,1899
P ublic P arks —
($800 due yearly) to June 1,1905.
4s, J&J, $8.000......... July 1,1899 4s, J&J, $80,000........ July 3,1944
($1,000 due yearly) to July 1,1906 4 s ,....... 10,000......... July 3,1945
4s....... . $9,000 ..........Jnly 1, 1899 4s, J&J, 10,000........ July 3,1947
School H ouse L oans—
($1,000 annually) to July 1.1907.
4s. J&J, $5,000.............. 1899-1903 4s, M&N, 3,200..........May 15,1899
($1,600 due yearly) to May 15,1900
Fire D epartment—
4s, M&N, $ ,600......Nov. 1,1899
4s, M&N, $2,000..... May 1.1899
($1,000 due yearly) to May 1,1900 ($1,800 due yearly) to Nov. 1,1900

25

April, 1899,
Stkeet Loans—(Con.)—
4s, M&N, $3,600.......Nov. 2,1899
($1,200 due yearly) to Nov. 2,1901
4s, J&D. $14,000.......June 1, 1899
($2,000 due yearly) to June 1,1905
4s. J&D, $1,000.......Dec. 2, 1899
($1,000 due yearly) to Dee. 2» 1899
4s, J&J, $16.000.......July 1, 1899
($2,000 due yearly) to July 1,1906
4s, J&J, $3,000.......July 1,1899
($1,000 due yearly) to July 1,1901
4s. J&J, $3.000.......July 1, 1899
($1,000 due yearly to July 1,1901)
4s...........$9,000...
.July 1,1899
($1,000 annually) to July 1,1907.
4s.......... $ 4 ,00 0 ..........Aug. 1,1899
($1,000 annually) to Aug. 1,1902.
4 s , ......., $4,500.......... Nov. 1,1899
($1,000 due y ’rly) to Nov. 1, 1903.
4s. J&J, $10,000............1899-1908
M iscellaneous L oans—
4s, M&S, 8,000........ Sept,, ’99-’02
4s, J& D, 2,000.......... Dec. ’99-’00
Water Construction48, J&J, $15,000.......Jan. 1,1901
4s, J&J,
10,000.......July 1,1901
4s, J&J,
95,000.......July 1,1907
4s, J&J, 100,000.......July 1,1908
4s, J&J, 120,000.......July 1,1910
4s, J&J,
30,000.......July 1,1912
4s, J&J,
68,000.......July 1,1913
1,1914
4s,
J&J,
42,000.......Jan.
ALMSHorsE B onds —
4s, J&J, 10,000........Jan. 1,1915
4s...........$1,000.. July 1,1899
4s,
J&J,
19,000.......
Jan.
1,1916
Street L oans—
4s, J&J, 15,000....... July 1,1916
4s, M&N, $5,000.M ar.15,1900
3^28,
J&J,
25,000.......July
1,1905
($1,000 due yearly) to M ar.15,1904
4 s ,.......... 1 0 ,0 0 0 ......Dec. 1,1899
INTEREST Is payable at theNat. Bank o f Redemption of Boston.
T O T A L DEBT, SINKING F UND S, Etc —
Jan. 1,1899. Jan. 1,1898. Jan., 1897. Jan., 1896.
Total d e b t .......... .....$1,706,550 $1,733,400 $1,626,000 $1,563,100
Sinking fund; etc.......
236/722
201,659
130,316
159,081

LOANS—
When Due.
School H ouse- (Con.)—
4a, J&J, $20,000.......July 15,1899
<$5,000 due y’rly) to July 15,1902
33ts, M&S, $16,500. Mar. 1,1900
($5,500 due y’rly) to Mar. 1,1902
4s, M&N, $80,0 0 0 ....Nov. 1, 1899
•($5,000 due yearly) to Nov. 1,1914
4a, J&J, $ 2 9 ,7 5 0 ....July 1. 1899
($1,750 due yearly) to July 1,1915
4a. J&J, $ 4 ,9 0 0 ....July 1, 1899
($700 due yearly) to July 1,1905
4s, J&D, $3 1,4 5 0 ....June 1,1899
($1,850 due yearly) to June 1,1915
4a, F&A, $54,000.......1899 to 1917
4s......... .
3,000.......Apr. 1, 1900
($1,000 annually) to Apr. 1,1902.
4s...........$8,000...Aug. 1,1899
($1,000 annually) to Aug. 1,1906.
4s, A&O, $5,000..........1*99 to 1903
Sewerage 48, M&N, $50,000.May 2,1922
4s, M&N, 100,000.M ay 2,1923
4s, M&N, 200,000.May 2,1924
4s, M&N, 150,000.May 2,1925
4s........... 100,000.May 2,1926
D rainage B onds—
4a, J&J, $4.000..June, 1899-1900
P aving B onds—
4 s ,........ $4,000...4ug. 1,1899
($1,000 due y ’rly) to Aug. 1,1902.

Net debt............... $1,469,828 $1,531,741 $1,495,684 $1,404,019
Water debt (includ’ d) $571,500
§584,000
Water sinking fu n d .. $134,163
$121,275
$77,336
$95,677
C IT Y P R O P E R T Y .—The oity owns property valued at $1,514,846
not including the water works, which cost $1,009,843.
ASSESSED V A L U A T IO N .—Real estate is assessed at about 75%
„ ,

-of its value:

Bate o f Tax
-Assessed Valuationper $1,000.
Years—
Heal.
Personal.
Total.
$16*50
1898...............$22,975,000
$3,118,000
$26,093,000
16*30
1897
. .. 22,426,000
2,959,520
25,385,520
16*00
1896
21,299,200 2,500,360
23,799,560
15*70
1895...............
20,475,500
2,596,440
23,071,940
15*10
1 8 9 0 ................. 15,167,000
2,090,475
17,257,475
POPULATION —In 1895 population was 29,706; in 1890 it was
23,031; in 1880 it was 12,017. Present population (estimated), 31,914.

M A N C H E S T E R . — E dwin P. Stanley , Treas.
This town is in Essex County.
LOANS—
When Due. Tax valuation, real.......$3,971,694
Tax valuation, personal 3,559,726
P ar k B onds­
Total valuation, 1898... 7,531,420
e s g.......... $100.000...1899-1908
Tax rate (per M.) ’98....
$8'00
W ater B onds—
4s, M&N. $108,000.No v. 1,’ 99 to ’ 16 Assessment is about aotual value.
Population
in
1890
w
a
s..___1,876
($6,0C0 due yearly.)
■Bonded debt, Jan. 1, ’99 $208,000

M A R B L E H E A D . — This town is in Essex County.
LO ANSWhen Due. I
LOANS —
When Due.
E lectric -L ight B onds—

| W ater B onds—

-4s, J&J, $50,000........ July 1 ,1 9 2 4 ,4s, M&N, $64,000...Nov. 1, ’98-’ 18
R efunding B onds—
' 4s, M&N, 26,000. ..M ay 1, ’98-’ 19
4s, A&O, $37,000........ 1899-1906 4s, J&J, 28,500. Jan. 1, ’99 to ’ 20
($5,006 due yearly on Oct. 1.)
4s, J&J, 58,000. July 1,’98 to ’ 21
T ow n Notes—
4s, J&D, 38,000.Dec. 1 ,’ 98 t o ’ 21
•4s, J&D. $8,000........ June 1,1899
$4,000due yearly) to June 1,1900 |
IN TE R ES T on the electric-light and water-works bonds is payable
at Boston; on the refunding bonds at Boston and Marblehead; on
iiown notes at Marblehead.
BONDED DEBT on May 1, 1898, was $335,575; water debt
(included), $214,500; floating debt, $36,000; total debt, $365,575’
•inking fund, $3,112.
T A X VALUATION (about the same as actual value) has been:

,--------------- Assessed Valuation--------------- > Rate o f Tax
Years—
Real.
Personal.
Total.
per $1,000
1898.................. $4,886,000
$753,000
$5,63P,000
$19*20
3.897...............k
4,793,650
761,775
5,555,425
16*80
1896..................
4,735,600
800,068
5,535,668
20*20
1895..................
4,642,200
823,905
5,466,105
17*70
1891..................
4,213,800
832,032
5,045,832
21*40
POPULATION in 1895 was 7,664; in 1890 was 8,202.

M A R L B O R O U G H .—

EDW. J. PLUNKETT, Mayor.

{ GEORGE SHURRON, Auditor.

This place is in Middlesex Co.; incorporated as a city in Jan., 1901.
LOANS—
When Due.
Stone Crusher N otes—
4s, M&S, $20,000....... Mar.,’00-’09 4s...........*2,000........ Aug. 1, 1902
City N otes—

W ater B onds—

4s, J&J, $50,000........ July 1,1900
4s, M&N, 20,000........ May 1,1904
4s, M&S, 1 2 5 ,0 0 0 ....Sept. 1,1912
4s, M&S,
75,000.... Sept. 1,1913
4s, M&S,
30,000.....Sept. 1,1921
4s, F&A, 150,000....... Aug. 1,1922
4s, M&S,
80,000.....Sept. 1,1924
4s, J&J.
24,000.....July 1,1926
Total debt Aug. 1, 1898. $974,056
Sinking funds.................. 213,422
Se w e r B onds 1891—
4s, A&O, $125,000... .Apr. 1,1911 Net debt Aug. 1 ,1 8 9 8 ... 760,634
4s, J&J, 100,000.... July 1,1911 Water debt (included).. . 548,000
4s, M&S, 2 2 ,0 0 0 ....Sept. 1,1914 Tax valuation, real........ 7,803,397
4s, J&J, 2 0 ,00 0 ....July 1,1918 Tax valuation, personal. .1,171,851
Total valuation 1898___ 8,975,248
School N otes—
4s, J&J, $62,000.......1899 to 1917 Tax rate (per $1,060) ’98...$19*00
<$3,000 annually 1898 to 1912, and Total valuation 1894 ..8,310,714
Assessment is 7-10 actual value.
$4,o6 o annually 1913 to 1917.)
4s, . . . . , $ 3 ,0 0 0 ....Aug , 1899-’ 01 Population in 1895 was___14,980
Population in 1890 w as___13,805
IN TE RE ST on bonds is payable atthe Winthrop Nat. Bank, Boston.
W A T E R W O R K S are self-supporting and the value of the city
property is $1,280,66495.
4s, A&O, $6,000.........Oct. 1,1899
($2,000 due yearly) to Oct. 1 , 19Ò1
G eneral L oan—A&B&D—
4s, J&D, $50,000....... June 1,1915
4s, M&S, 15,000....... Sept. 1, 1905
4s, M&N, 1,000....... May 1,1900
4s, M&N, 2,000....... May 1,1901
4s.........
2,000..Oct., 1899-1900
4s, . . ...
600....... Oct. 1, 1901




M A R S H F I E L D .— G eo. H. W

e a t h e r b e e , Clerk.
This town is in Plymouth County. Bonds are tax exempt.
When Due. Tax valuation, real.......$1,215,590
LOANSTax valuation, personal
147,790
R ailroads , &c.—
4s, F&A, $55,0 0 0 ....Feb. 12,1901 Total valuation 1898... 1,363,380
Total debt Jan., 1 8 9 9 .... $55,000 Tax rate (per $1,000) ’98...$18*76
Sinking fund....................
24,971 Assess’t is about actual value.
Net debt Jan., 1899........
30,029 Population in 1895 was........ 1,762
Float’g debt (additional)
2,000 |
INTEREST is payable by the Cambridge Savings Bank.

M A Y N A R D . - W . H . G u t t e r i d g e , Treasurer.
This town is in Middlesex County.
LOANS—
When Due. Net debt Jan. 1,1899.......$119,225
Tax valuation, real........ 1,576,687
W ater B onds.
4s, J&J, $125,000.... Jan. 1, 1919 Tax valuation, personal. 656,297
Total valuation 1898....... 2,232,984
Interest is payable in Boston.
14*60
Bonded debt J an. 1,’99....$125,000 Tot.tax (per $1,000) 1898
3,090
Floating debt.................... 27,600 Population 1895 was___
Population
1890
w
a
s
....
2,700
Total debt Jan. 1,’9 9 ........ 152,000
Sinking fund..................... 32,775
L. H. LOVERING, Mayor.
R. LITCHFIELD, Treasurer.
Medford is in Middlesex County.
Sew er B onds—(Con.)—
LOANS—
When Due.
4s, J&J, $20,000....... July 1,1925
Plat -Ground Bonds48, J&J, $7,000.......... July 1,1904 4s, J&J, 41,000....... July 1,1926
Municipal Loan B onds4s, J&D, 14,000.......... Deo. 1,1914
48, M&N, $2004)00...May 1,1917
P ublic B uilding B onds48, J&J, $45,000.........July 1,1913 4s, J&J, 100,(WO....Jan. 1,1918
Water -Works B onds4s, M&N, 56,000.........Nov. 1,1914
4s, J&J, 6,000.........July 1,1899 48, J&J, $75,000....... July 1,1900
4s, J&D, 18,000........ 1901-1903 48, J&J, 125,000....... July 1,1910
4s, J&J, 96,000............ 1900-1923
($6,060 due yearly n July 1.)
($4,060 due yearly on Jan. 1.)
4s, J&J, $4,000.......... July 1,1904
4s, J&J, 4,000.......... July 1,1907 4s, A&O, $25,000....... Oot. 1, 1914
4s, J&J, 21,000.......... July 1,1908 4s, A&O, 25,000....... Oot. 1,1919
4s, J&J, 26,000.......... July 1,1909 4s, J&D, 45,000....... Dec. 1,1922
6,000....... July 1,1916
4s, J&J, 26,000.......... July 1,1911 4s, J&J,
6,000....... July 1,1917
4s, J&J, 26,000.......... July 1,1912 4s, J&J,
4s, J&J, 18,000.......... July 1,1915 4s, J&J, 11,000....... July 1,1918
4s, F&A, 90,000........ Aug. 1,1918 4s, J&T, 15,000....... July 1,1920
4s, J&J, 15,000....... July 1,1921
Sewer B onds—
4s, J&J, $20,000 ...... July 1,1905 4s, J&J, 36,000....... July 1,1923
4s, A&O, 10,000.........Oot. 1,1905 4s, M&N, 16.000.......May 1,1923
4s, J&J, 12,000.........July 1,1906 Bonded debt May 1,’98.$1,577,881
246,741
4s, A&O, 10,000.........Oct. 1,1906 Sinking funds...............
500,000
4s, J&J, 12,000.........July 1,1907 Water debt (inoluded)..
4s, J&J, 10,000.........July 1,1915 Tax valuation, read.......16,592,000
4s, A&O, 10,000.........Oot. 1, 1915 Tax valuation, person’l 2,343,000
4s. F&A, 80,000 .......... 1916-1919 Total valuation 1898.. .18,935,000
(Property assessed at about mar­
($20,000 due yearly on Aug. 1.)
4s, F&A., $75,000...........1920-1922 ket value.)
Tax rate (per $1,000) ’ 98...$17*80
($25,060 due yearly on Aug 1.)
4s. F&A, $30,000....... Aug, 1,1923 Population in 1890 was---- 11,079
4s, J&J, 10,000....... July 1,1924 Population in 1897 was---- 15,601
4s, A&O, 10,000....... Oot. 1,1924 |
The Municipal Loan bonds were issued to take up the unfunded debt
as it matures.
,
There is also a fund known as the Bradbury Fund, amounting to
$11,252. This is invested in the Medford Savings Bank and is not
inoluded in estimating the city’s indebtedness.
IN T E R EST on bonds is paid at the Howard National Bank of Bos­
ton. All notes and interest on same are paid by City Treasury.

M E D F O R D .—

\PARKER

M E L R O S E .—

C. GOULD, Auditor.
{ EDWIN
GEORGE NEWHALL, Treasurer.

This town is in Middlesex County.
LOANSWhen Due. I
Sew er B onds-

48,
4s,
4s,
4s,
4s.
4s.

J&D, $100,000.. .June 1,1924
J&D, 100,000...June 1,1925
J&J,
50,000.. .July 1,1926
J&D, 25,000...June 1,1907
J&D,
25,000...June 1,1912
J&D,
50,000...June 1,1917

School B onds—

4 r, F&A, $200,000... Feb. 24,1916
Tow n H all (renewal)—
4s, M&S, $45,000.......Sept. 1,1912
W ater W orks—

W ater W orks —(Con.)

4 s , ......., $50,000......... Oot. 1,1913
4 s , ......., 38,000........July 1,1925
Bonded debt Jan. 1, ’99. $852,000
Floating debt........
98,362
Total debt Jan. 1,1899. 950,362
Total assets..................... 209,700
Net debt Jan. 1 ,1 8 9 9 .... 740,662
Water debt, included___ 257,000
Sewer debt, included___ 350,000
Total value town prop’ty. 572,225
Tax valuation, real.......11,750,895
Tax valuation, personal. 724,249
Tax valuation 1898... 12,475,144
Total tax (per 1,000) 1898..$16*70
Assessment same as actual value.
Population in 1890 was......8,519
Population in 1898..............12,630

4 s, M&N, $37,000....... Nov. 1,1905
4s, M&N,
50,000....May 1,1907
4s, J&J,
20,000.... 1899 to 1900
($10,000 due yearly.)
4s, M&N,
25,000.... May 1,1912
4s, M&S,
37,000...Sfpt. 1,1912
INTEREST is payable at the Shoe & Leather Nat. Bank, the Eliot
National Bank of Boston and the Melrose National Bank of Melrose.

M E T H U E N . —J oseph S. H owe,T own Clerk.
This town is in Essex County.
LOANS—
When Due.

B ridge Notes—
4s, F&A, $4,500.................... 1908
Bonded debt Aug. 10,’98. $196,000
Floating debt...................
68,'-?0
Total debt......................... 264,750
Sinking fund....................
9,000
Net debt Aug. l 6 , 1898.. 255,750
To w n N otes—
Tax valuation, real........ 3,186,060
6s, ........ , $11,950. On demand.
413s, J&D,
8,000.Dec. 1,1903 Tax valuation, personal. 918,048
4s, M&N, 5,5Q0. June 1,1899 Total valuation 1898.......4,104,108
4s, M&N, 7,500.. May 29,1900 Assessment about ^ aotual value.
4s,
J&J, 6,000.. July 15,1902 Total tax (per $1,000) ’98..$16*80
4s,
J&J, 9,000... July 1,1905 Population in 1895 w as........ 5,690
Population in 1890 was........ 4,814
School H ouse N otes —
4s, F&A, $18,800........ 1906-1908 Population in 1897 (est.).......6,400
INTEREST on the bonds is payable at the National Bank o f Re­
demption, Boston; on the town notes, at the Treasurer’s office.
W ater B onds-

48, M&N, $100,000....May 1,1924
4s, F&A,
50,000.........1904-1924
4s, A&O,
25,000... .Oct. 1,1925
4s...........;
21,000___F eb .l, 1928

M i D D L E B O R O U G H . - A . H . B aton, Treas.
This town is in Plymouth County. The town of Middleborough and
the Fire District of Middleboro are distinct organizations.
Light B onds—
LOANS—
When Due.
i, .... $7 1 ,000..Nov. 1 , ’98-1923
I mprovement B onds—
4.000 .Nov. 1. ’ 99-1906
t.........
4^48, J&J, $5,200....July 25,1899
..,
10,000........N ov.,’04-’05
4148, J&D, 5 ,055...Dec. 18, 1900

26

STATE AWB CITY SUfflEWEflT.

LOANS—
When Due.
W ater B onds (Fire D istrict)—
Railroad L oan—
4 s, M&N, $ 6 1 ,5 0 0 ....1 8 9 9 to 1923
4s, M&N, $20,000.......Nov. 1,1918 Int. paid by Middleboro Sav. Bank.
($5,000 due yearly) to Nov. 1,1921 Population in 1896 (eat.).......7,000
Se w e r Loan—
Population in 1895 w as.........6,692
4s, M&N, $5,000.......Nov. 1,1901 |Population in 1890 was......... 6,065
4s, M&N, 25,000.......Nov. 1,1907
($o,000 due yearly) to Nov. 1,1911 '
T O T A L D EB T, Et c .—Total debt of the town March, 1899, was
$175,255.
’
The Fire District on Jan. 1,1899, owed $61,500 on account of water
works; sinking fund, $4,016.
ASSESSED VALUATION , Et c .—In 1898 the assessed valuation of
real estate was $3,321,673; personal property, $466.435; total, $3,788,108; total tax rate (per $1,000) $19-00.
Valuation of Fire District in 1899: Real estate,|$2,351,035; personal
property, $313,605; total, $2,664,640; tax rate, $1"65 per M., in 1898.

M I D D L E S E X C O .—
County seats are Lowell and Cambridge.
Court H ouse Bonds—1895—
LOANS—
When Due.
4s, J&D, $100,000 ...1923 to 1932
($10,000 yearly on Dec. 1.)
48, J&D, $80,000...... Dec. 1,1899
($10,000 due yearly to Deo. 1, ’06.) 4s, J&D, $70,000............1899-1905
($10.000 due yearly on Dec. 1.)
4 s ,........ $170,000...........1907-1924
4s, J&D, 70,000,...1899 to 1905 Notes.......... $88,000... .1899-1902
Total debt Jan. 1,1898..$790,000
($10,000 yearly on Deo. 1.)
3 ^ 8 ,........ ,$24,000....... 1899-1902 Tax valuation 1898...492,304,679
County tax (per $1,000)........ $0-81
($6,000 yearly on Dec. 1.)
4s, J&D, $20 0,0 0 0 ....Dec. 1,1906 Population in 1895 w a s ...499,248
($20,000 due yearly) to Deo. 1, '15. |Population in 1890 w a s ...431,167
IN TE R ES T on the building and improvement notes is payable at
the office o f the County Treasurer ; on the Court House bonds by the
Beacon Trust Company, Boston.
B uilding B onds-

M IL F O R D .— C l i f f o r d

A . C o o k , Treasurer.

This city is in Worcester Co. Property assessed about actual value.
LO ANSWhen Due. Bonded debt Feb. 1, ’9 9 .. $63,500
Tax valuation, real........4,471,600
R efunding (gold notes)—
4 1sb, M&N, $28,500.Sept. 15,1899 Tax valuation, personal.1,027,675
($5,700 due y ’rly) to Sept. 15,1903 Tax valuation 1898---- - 5,499,275
4 s ,........,$25,0 0 0 ....19 0 4 to 1907 Total tax (per $1,000) ’98.. $17*50
Population in 1898 (est.)... 10,500
($6,250 annually.)
Population in 1890 w as.— 8,780
School (gold notes)—
4s, A&O, $10,000........ Oct. 5,1899
($2,000 due yearly) to Oct. 5,1903
INTEREST is payable at the Milford Savings Bank.

M ONSON.

-This townisinHampden County.
When Due. Bonded debt Jan. 1 .’99. $55,000
Assessed valuation, real. 1,247,330
W ater -W orks B onds—
4s, M&S, $4,000.......... 1899-1902 Assessed valuation,per’l. 487,383
Total valuation 1898— 1,734,713
($1,000 yearly on Sept. 1.)
4s, M&S, $18,000............ 1903 1911 Assessment at “ fair cash value.”
Tax rate (per $1,000) 1898..$16*50
($2,000 yearly on Sept. 1.)
4s, MAS, $33,000............ 1912-1922 Population in 1890 was........3,650
Population in 1899 (est,)......3,746
($3,000 yearly on Sept. 1 )

LOANS—

MONTAGUE

.— This town is in Franklin County. All the
loans are exempt from taxation. The Turners Falls Fire District is a
part o f the town, but has a separate debt of $80,000 for water pur­
poses. See Turners Falls. The town debt is as follow :
When Due. Tax valuation, personal. $819,595
LO ANSTotal valuation 1898......3,737,756
Se w e r B onds—
4s, J&D, $50,000.......June 1,1905 Assessment about % actual value.
Bonded debt Feb. 1,1899. $50,000 Total tax (per $1,000) ’98...$20*20
Sinking fund May 1,1898.. 29,796 Population in 1895 was....... 6,054
Net debt May 1,1898........ 20,204 Population in 1890 was........6,296
Tax valuation, real....... 2,918,161
IN TE R E S T on the sewer bonds is payable at the National Bank of
the Commonwealth, Boston. Mass.

N A T IC K

. — This town is in Middlesex County.
When Due. Totaldebt Mar. 11,1898 $361,302
Tax valuation 1898___ 5,781,200
Sew e r Bonds—
4s, J&J, $ 1 7 ,0 0 0 ....July 15,1926 Total tax per $1,000 1898.. $22*40
Population in 1895 w a s .......8,814
218,000..........1915-1927
Water bonds, $50,447 ..1899-1908 Population in 1890 was........ 9,118

LOANS—

\ T 'P 1 7 ,n L r A T\/T

5 LEVI I.ADD, Treasurer.

IN J E L H U r l A i V l . — ( THOMAS SUTTON, Clerk
This town is in Norfolk County.
LOANS—
When Due. Totaldebt Jan. 1,1 89 9 .. $188,500
Tax valuation, real........ 2,925,420
W ater D ebt—
2 ^ s to 4s, $162,000.......... Various Tax valuation, personal. 371,280
Total valuation 1898___3,296,700
Issued in anticipation of taxes.
Assessment about ^ actual value.
School D istrict B onds—
3*28,......... $26,500....... 1899-1916 Total tax (per $1,000) ’98..$15-80
Population in 1895 w as........ 3,511
($1,500 yearly.)
Population in 1890 was........ 3,035

N E W BEDFORD,

( CHAS. S. ASHLEY, Mayor.
■( J AS. H. HATHAWAY, Treas’r.

This city is in Bristol County.
LO AN SWhen due. I
LOANS—
When Due.
Sew er Bonds (reg.)—(Con.) City Improvment (reg. & cou >—
6s, A&O, $100,000 ...O ct. 1,1899 313s, A&O,$ 3 0 ,0 0 0 ....Apr. 1 ,1 9 0 6
($10,000 due yearlv)toOct. 1,1908 3^28, A&O, 3 0 ,0 0 0 ....Oct. 1 ,19 0 6
6s, A&O, 12,000 ...O ct. 1,1909 3>2S, A&O, 1 5 ,0 0 0 ....Apr. 1 ,1 9 0 7
6s, A&O, 28,000 ...O ct. 1,1910 3 12S,g,F & A ,35,000....M ar.l, 1928
4s, A&O, 25,000...Apr. 1, 1900 3 ^ 8 ,g,F&A,3 3 ,0 0 0 ....Feb. 1, 192 9
4s, A&O, 73,000...Apr. 1,1901
School & P ublic B ldg . Bonds—
4s, A&O, 50,000...Apr. 1,1902 4s. g.,M&S, $128,000 g.Mar.1,1917
4s,g, A&O, 162,000g..Apr. 1,1903 3*2S,g.,F&A, 9 2 ,0 0 0 ...Mar.1,1918
4s, A&O, 89,000...Apr. 1,1904 3^s.g,F & A ,30,000. ..Feb. 1 ,1 9 1 9
Wharf B ond »—
4s,c.,A&O, 24,000...Apr. 1,1905
4s,g, M&S, 172,000g-Mar. 1,1907 4s. M&N, $52,000 g...M ay 1, 1927
3^8,g. F&A, 62,000..Mar. 1,1908
W ater L oan (reg. & cou.)—
3 s,gF&A,108,000. Feb. 1,1909 7s, A&O, $ 1 0 0 ,0 0 0 ... .Oct. 1 ,19 0 0
($10,000 due ye’rly) to Oct. 1, l9 0 9
P ark B onds (reg.)—
4s, A&O, $100,000... .Apr. 1,1942 6s, A&O, $ 2 0 ,0 0 0 ....Oct. 1 ,18 9 9
6s, A&O, $ 1 0 0 ,0 0 0 ... .Oct. 1 ,19 0 5
Se w e r B onds (reg.)—
4s, A&O, $35,000 . . . .Oct. 1.1908 ($20,000 due ye’rly) to Oct. 1 ,1 9 0 9
4s, A&O, 4 3 ,0 0 0 ....Apr. 1,1909 5s, A&O, $ 100,000....O ct. 1 ,1 9 0 0
4s, A&O, 48,000.... Apr. 1,1910 ($20,000 due ye’rly) to Oct. 1 ,19 0 4
4s, A&O, 57,000....A pr. 1,1911 4s, A&O, $ 2 0 ,0 0 0 ... .Apr. 1,19 1 8
4s, A&O, 100,000....Apr. 1,1912 4s, A&O, 1 20 ,0 0 0 ... .Apr. 1,19 2 4
4s, A&O, 108,0 0 0 ....Apr. 1,1913 4s, A&O, 2 0 0 ,0 0 0 ... .Dec. 15,1924
4s, A&O, 3 2 ,0 0 0 ....Apr. 1,1914 4s, g, A&O, 400,000g. Apr. 1 ,1 9 2 6
4s, A&O,
58,000... .Apr. 1,1925 4s, g, J&J, 400,000 g.Jan. 1 ,1 9 2 7
4s,g.,M&S, 69,000g..M ar. 1,1927 4s, g, J&J, 200,000 g Jan. 1,1927
The 4 per cent improvement bonds due in 1903 and the water bonds
due in 1926 payable in gold if demanded.




Vol. L X V III

IN TE R E S T on the 7 and 6 per cent water bonds is payable at
Boston; on all others at the office o f the City Treasurer.
T O T A L D E B T. SINKING FUNDS, ETC—The subjoined state­
ment shows New Bedford’s total municipal debt, the sinking fund held
by the city against the same, the water debt, and the city’s park debt
on the dates indicated.
Feb. 1,1899. Feb. 1 ,189«. Mar. 1,1897. Jan. 1,1896;
Total debt..........$3,722 000
$3,696,000
$3,520,000
$2,167,000
Sinking funds...
651,979
530,217
463,175
373,201
Net d e b t ....$3,070,021
$3,165,783
$3,056,825
$1,793,799
Water debt, incl.
above....... ,...$1,660,000
$1,780,000
$1,800,000
$720,000
Park and wharf
debtincl.above $152,000
$120,000
$100,000
$100,000
The Park Loan of 1942 and the wharf bonds are authorized outside
of debt limit.
The municipal sinking fund receives yearly about $90,400 and the
water sinking fund $26,700.
C IT Y PRO PERTY.—City’ s waterworks valued at $1,300,000.
ASSESSED VALUATION.—The city’s assessed valuation (which is
the same as actual value) and tax rate have been as follows:
i----------------- Assessed Valuation.------------------> Rate o f Tax
Years.
Real.
Personal.
Total.
per $1,000
189*!.................$35,871,525
$21,480,601
$57,352,126
$1 9 20
1«97................ 35,595,820
22,575,978
58,171,798
16-20
1896................ 33,920,700
22,360,417
*56,034,917
15-40
1895................ 31,984,150
20,658,583
52.642,733
15*40
16,818,254
36,869,754
16 30
1890............... 20,041,500
1880........... '.. 13,138,400
13,137,519
26,275,919
15-70
* Less remittances by assessors.
PO PU LATIO N —In 1895 population was 55,316; in 1890 it was
40,733; in 1880 it was 26,845; in 1899 it is estimated at 60,000.
5 THOS. HUSE, Mayor.
( J. V. FELKER, Treasurer,
This city is in Essex County. The city owns the option of purchasing
the water works, now in the hands of a private corporation.
LOANS—
When Due. Tem. loan, 3s, $90,090 ....................
A rmory B onds—
Trust bonds, 4-4 ^s, $79,750. .dem.
3*38, M&S, $8,200....$2,000 yearly Bonded debt Jan. 1 ,’99.. $556,714
Sinking funds, etc.......... 178,428
City B onds48, J&J, $65,000.........July 1,1908 Net debt Jan. 1 .1 8 9 9 .... 378,28«
4s, J&J, 90,000.........July 1,1911 Assessed valuation,real.7,210,800
4s, A&O, 25,000.........Apr. 1,1913 Assessed valuation, per’1.2,529,590
Sew er B ondsTotal valuation 1898....9,740,390
48, M&S, $107,500,...Sept. 1,1919 Assessment about
actual value.
School B ondsTax rate (per $1,000) 1898.$16-10
48, M&S, $4,500.................... $1,500 yearly
Population in 1890 w as.___13,947
B. &M. RR. 4s,$71.661 ...dem and 1 Population in 1895 was...... 14,554
N otes,4s,$ 1 5 ,0 0 0 ....Mar. 1,1899 I

NEW BURYPORT,

PAR VALU E coupon bonds are for $1,000 each.
IN TE R E S T on all bonds is payable at the City Treasury or at the

First National Bank o f Boston.

\ t it i \~jtrrT
\7
(EDW ARD B. WILSON, Mayor.
IN H . W I W I N .— \ SETH A. RANLETT, Treasurer.
The city is situated in Middlesex County. Newton is one o f the few
Northern cities having tax-receivable coupons attached to any of it»
bonds. See below.
When Due.
LOANS—
When due.
LOANSB oulevard B onds-

48, J&D, $100,000. ..June 1,1914
4s, A&O,
80,000. ..Oct. 1,1914
4s, A&O,
80,000. ..Apr. 1,1915
4e, M&N, 100,000. .Nov. 1,1915
4s, J&J, 100,000. ..July 1,1916
4s, M&N, 40,000.. .May 1,1917
i^Trr'v ’NTmPii’fi—
4s, J&J, $ 9 ,2 5 0 ....July 8,1903
4s, M&N, 14,000... .N ov.28,1903
4s, J&D, 2 2 ,8 2 6 ....N ov.28,1903
D rains and Culverts —

4s, J&D, $ 1 3 ,6 8 7 ....June 16,1904
4s, J&J, 10,000... .July 7,1904
4s, A&O. 11,000 ...O ct. 1,1904
4s, M&N, 10,000... .Nov. 30,1904
4s, J&D, 13 ,00 0 ....Dec. 18,1904
4s,J&D, 2 9 ,0 0 0 ....June 1,1914
4s, A&O, 7,500 . ..A pr 1,1917

School Loans— (Con.i—

4s, J&D, $50,000 ..D ec. 1 ,1 9 1 6
4s, J&J, 1 00,000.... Jan. 1,1917
4s, M&S, 50.000. ... Sept. 1,1917
4s, Jan., 15.000. ... July 1,1918
4s. F&A,
35,000...Feb. 1,1918
Se w e r B onds-

48, A&O,
4s, A&O,
4s, A&O,
4s, A&O,
4s, A&O,
4s, F&A,
4s, J&J,
4s, A&O,
4s, J&J,
4s, M&N,
4s. M&8,

$ 5 ,00 0 .... Oct. 1,1900
1 0 ,0 0 0 ....Oct. 1,1901
20,000... .Oct. 1,1902
250,000.... Apr. 1,1911
200,000... .Apr. 1,1912
100,000 .. . Aug. 1,1923
1 0 0 ,0 0 0 ....Jan. 1,1924
1 2 5 ,0 0 0 ....Oct. 1,1924
70,000... .July 1,1926
1 0 0 ,0 0 0 ....May 1, 1927
50,000___Sept.l, 1928

Sew e r N otes—

4s, J&D, $20,0 0 0 .... Deo. 2,1925
4s, J&D,
98,000... .Deo. 1 ,1922
H ig h w a y Loans—
4s, J&D,
21,000___Deo. 15,1922
4s, A&O,$16,500....O ct. 1, 1903 4s, J&D,
5 0 ,0 0 0 ....Deo. 2,1925
W ater L oans—
4s, F&A,
7,900... .Feb. 16,1904
4s, A&O,
5,800
Apr. 13,1904 6s, J&J, $600,000....July 1,1905
4s, A&O,
6 ,5 0 0 .... Oct. 1,1905 5s, J&J, 2 5 0 ,0 0 0 ....July 1,1906
4s, J&J,
4 ,6 0 0 .... Jan. 1,1905 4s, A&O, 1 0 0 ,0 0 0 ....Oct. 1,1910
4s,F&A, 2 5,000....Feb. 1,1915 4s, A&O, 100,0 0 0 ....Apr. 1,1914
4s, A&O, 5 2 ,0 0 0 ....Apr. 1,1915 4s, A&O. 1 0 0 ,0 0 0 ....Oct. 1,1917
4s, J&D, 10,000... .Dec. 26,1915 4s, A&O, 1 0 0 ,0 0 0 ....Oct. 1,1918
4s, M&N, 80,000....M ay 1,1936 4s, A&O, 2 5 0 ,0 0 0 ...,Oct. 1,1920
H ig h w a y Stable Loans—
4s, A&O, 100,000 . Apr. 1,1921
4s, F&A, $ 1 3 ,0 0 0 ....Aug. 1, 1903 4s, A&O, 1 0 0 ,0 0 0 ....Apr. 1,1922
48, F&A,
8 ,000... .Feb. 16,1904 4s, F&A, 5 0 ,0 0 0 ....Aug. 1,1923
4s, A&O, 75,000... .Apr. 1,1924
M iscellaneous L oans—
4s, M&3, $5,550
Mch. 1,1900 4s, F&A, 6 0 ,0 0 0 ....Aug. 1,1 92 5
70 ,00 0 .... July 1,1 92 6
4s, J&D,
9,000 ...D ec. 1,1904 4s, J&J,
45,000 . . . July 1,1927
4s, M&N, 11,000... .May 1,1905 4s, J&J,
4s, J&D, 30,000... .Dec. 1,1907 4s, M&S, 7 5 ,0 0 0 ....Mch. 1, 1928
W
ashington
Street L oan 4s, J&D, 1 0 ,0 0 0 ....June 1,1908
4s, M&S, 5 ,0 0 0 ....Sept. 1, 1903 48, F&A, $300,000.... Aug. 1, 1935
4s, F&A, 200,000.... Feb. 1,1936
Pa r k B onds—*
4s, A&O, $25,000... .Apr. 1,1908 4s, J&J, 60,000.... Jhly 1,1936
4s, J&D, 100,000___Dec. 1,1936
School Loans—
4s, J&D, $50,000... .June 1,1914 4s, M&S, 100,000.... Sept. 1,1937
4s, J&J,
9 ,0 0 0 ....July 1,1914 4s, J&D, ,*0,000....Deo. 1,1937
4s, A&O, 6 0 ,0 0 0 ....Apr. 1,1915 4s, M&S, 5 0 ,00 0 ....Nov. 1, 1938
4s, F&A. 7 5 ,0 0 0 ....Aug. 1,1915
PAR VALU E OF BONDS.— AH thè bonds are for $1,000.
IN TE R E S T payable at Nat. Bank o f thè Commonwealth, Boston, or
in Newton.
E ngine H ouse L oan-

48, J&J. $10,500.... July 1,1906

T O T A L D EB T,SIN K IN G FUNDS, Et c 1899.
1898.
1897.
1896.
Municipal debt.........$3,498,613 $3,272,113 $2,925,613 $2,283,613
Water debt................ 2,075,000
2,000,000
1,955,000
1,885,000
Total debt............ $5,573,613 $5,272,113 $4,880,613 $4,168,613
Sinking fund............... 1,279.812
1,099,407 • 888,446
757,582
Net debt Jan. 1 ... $4,293,801 $4,172,706 $3,992,166 $3,411,031
The sinking fund receives yearly about $130,000 and is all invested
in the city’s own securities.

April, 1899.

M ASSACH U SETTS— CITIES AH ® TOW NS.

ASSESSED VALUATION.—The city’s assessed valuation and tax
rate have been as follows, real estate being at about market value:
,--------------- Assessed Valuation.--------------- . Rate o f Tax
Years—
Real.
Personal.
Total.
per $1,000.
1 8 9 8 ................$43,419,650 $11,883,800
$55,303,450
$1 6 20
1897.................. 41,550,350
10,471.650
52,022,000
16-20
1 8 9 6 .................. 39,223,450
10,728.375
49,951.825
16 60
10,513,394
47,401,344
14-60
1 8 9 5 .................. 36,887,950
1893.................. 31,786,200 10,067,600
41,853,800
14 80
1880.................. 17,718,270
7,481,830
25,200,100
1400
Tax rate in 1899 inoluded city tax proper, $15T 2; State tax, $0-37 ;
county tax, $0-71; total, $16-20 per $1,000.
TAX -R EC EIVAB LE CO U PO N S.—The water bonds and school,
municipal, sewer, park and stable bonds for $1,377,000 carry taxreceivable coupons.
PO PU LATIO N .—In 1890 population was 24,379; in 1880 it was
16,995; in 1870 it was 12,825. By State Census in 1895 was 27,590.
N O R F O L K . C O U N T Y . — (Jh a s . H . S m i t h , Treas.
Dedham is the oounty seat.
N O TESWhen Due. Assessed valuat’n ’98.198,023,140
Population 1890................ 118,950
3*28.........$90.000... 1899-1904
Population 1898................ 134,819
($15,000 yearly on June 26 )
Total debt Jan. 1,1899..$100,000

N O R T H A D A M S .This city is in Berkshire County.
R efunding L oans. When Due.
3%s........... . $30,000.Dec., 1899-01
3*28, ........ 30,000. July, 1899-04
4s................ 30,000. July 27,1899
School L oans—
4s..............,$10 000.Oct. 1, 1902
3ias
____ 4 5i>0.July 1 ,’99-04
3*28, g........
2,500. July 1, 1908
3*28, g , . . . . , 16.000.July 1, 1908
___,
3,000.July 1. 1905
4s,
Sew er L oans 4 s................ 26 000 May 1,’ 99-11
3<*bs, g , . . . . . 30,000 J une 1, ’99-28
Sunurt L oans—
3*ss, g, $130,666 68. June 1, ’99-26
3« 0s,
28,000
..Tune l , ’99-26
3*48, g, 193,333 34.Mar., 1899-26
3*28, g,
12,500
.Aug., 1899-08

SH. T. CADY, Mayor.
I JAS. W. HARDENBERGH.Treas.
P erman ’ nt I mprovem ’ t L oans —

3*28, g, A&O, $36,000.Oct., ’ 99-02
3®8S, g, A&O, 25,000.June,’ 99-03
W ater L oans —

3*28............. , $ 8 0 /0 0 .J u n e, ’ 99-12
3*48.............. 168,000 July, ’99-19
3*as, g.......... 120,250. July, ’99-35
36l0s, g ......... 37,000. July, ’99-35
3*28, g, .. , V8.500. Ju n e , ’ 99-36
3*iS, g.......... 36.000 Oot., ’ 99-02
Temporary loan, $50,000.0ct.3,’99
Bonded debt Dec. 1,’98.$1,046,250
Water debt (inc.)..........
469,750
Tax valuation, real...... $7,557,650
Tax valuation, personal 1,833,025
Tax valuation 1893___ 9,390,675
Tot. tax (per $1,000) ’98
21-80
Population in 1699 (est.)...22,000
Population in 1890 was.......16,074
IN TE R E S T is payable in Boston and North Adams.

JOHN L. MATHER, Mayor.
GEO. W. CLARK, Treasurer,
This city is in Hampshire County.
W ater B ondsLOANS—
When Due.
B ridge Notes—
48, M&N, $12,000 g..M ay 6,1899
4s, M&N, $26,750. May 15,1901 ($6,000due 8eml-an.)toNov.6,1899
G rade Crossing B onds48, A&O, $50,000 ..Oct. 1,1900
48.......... $ 30 ,0 0 0 ....A u g . 1, 1899 4s, M&N,$100,000...May 1,1909
R ailroad L oanTemporary loan Dec.’99. $50,000
48, M*N, $74,000... May 1,1904 Total debt Jan.l, 1899 . 555.850
School B onds—
Sinking fund assets........ 38,005
4s,J& J, $50,0 0 0 ....Jan. 1,1915 Net debt Jan. 1 ,1 8 9 9 .... 517,845
4s, J&J,
2 ,4 00 .... July 1,1899 Water debt included....... 162,000
4s, M&N, 15,000... Nov. 1,1907 Assessed valuation, real.9,500,061
4s, J&J,
7,200... June 16,1900 Assessed valuation, pers.2,134,860
Sew er L oans—
Total valuation 1898...11,634,921
4s, M&N, $12,500.. .Nov. 15,1899 Assessm’t about 80% actual valu
4s, J&J, $156,000.. .July 1, 1902 Tax rate (per $1,000) 1898.$15 5
Population 1890..................14,99
G rade Crossing Bo 'DS—
3*28, J&J, $30,000 .. Jan. 1,1899 Population 189 (estimated) 17,000

NORTHAM PTON.

N O . A T T L E B O R O U G H .—
This place is in Bristol County.
LOANS—
When Due. Net debt May. 1,1898...$198,603
E lectric L ight B ondsInterest payable in Boston.
48, J&J, $50,000..................1924
Tax valuation in 1898. $3,819,860
W ater B ondsTotal tax per $1,000 1898..$21-40
48. J&J. $227,000....1899 to 1923 Population in 1895 was........ 6,576
Tot. bond debt M ayl,’ 98.$276,000 Population in 1890 was........ 6,727
Sinking fu n d .................... 77,397

N O R T H B O R O U G H . — C h a s . H . R i c e , Treas.
This town is in Worcester County.
LOANS —
When Due. I Total debt............................ $57,000
N e w School H ouse L oans—

Sinking fund........................ 27,444

4s, M&N, $2,000.......Nov. 19,1899 Net debt Feb. 1,1 89 9......... 29,556
W ater Loan—
1Tax valuation, real............998,955
4s, F&A, $50,000— Aug. 8,1902 |Tax valuation, personal..$236,760
4s, fund, loan, $2,000. Aug.20.1900 |Total valuation 1898... 1,235,715
Interest is payable at Worcester, i Total tax (per $1,000) 1898.$17-00
Bonded debt Feb. 1,1899..$54,000 Population in 1899 (est) was 2.000
Floating debt...................... 3,000 I Population in 1890 was........ 1,953

N O R T H B R O O K F I E L D . — G e o . R. H
Treasurer.
Bonded debt Feb. 1, ’ 99. $138.500
Floating debt..................
5.000
Total dpbt Feb. 1, 1899.. 143,500
Water debt (included)... 100,000
Assessed valuation, real. 1,615,585

am ant

,

Assessed valuation, pers. $216,993
Total valuation 1898___1,832,578
Tot.tax rate (per $1,000)’98.$22-50
Population in 1890 w a s......3 ,8 7 1
Population 1898 (estimated) 4,800

CHARLES E. POND, Treasurer.

N O R W O O D . — { EDGAR L. BIGELOW, Clerk.
The town is in Norfolk County.
LOANS—
When Due.
W ater B onds-

48, F&A, $55,000.......Aug. 1,1901
($10,000 each fifth yr. until paid.)
4s, J&D, $23,000....... J u n el, 1901
4s.......
7,000.......................1917
($5,000 each fifth year until paid.)
Int. paid by N. E. Tr. Co., Boston.
Bonded debt May 1,1898.$85,000

O R A N G E . — T. W

esley

This town is in Franklin County.
LOANSWhen Due.

W ater Bonds-

48, M&S, $134,000..$1,000yearly.

Floating debt....................... $33,382
Total debt May 1,1898.
118,382
13,529
Sinking funds................
Net debt May 1. 1898..
104,853
Tax valuation 1898
4,000,012
Tot.tax (per $1,000) ’98
$19 30
Assessment abt. 90% actual value.
Population in 1895 was........ 4,574
Population in 1890 was........ 3,733
B r id g e ,

Treasurer.

R efunded D ebt-

48, F&A, $3,100.......

775 yearly.

School H ouse L oans—

4s, F&A, $33,920... part yearly.
4s, M&N, $49,000.... 2,000yearly. Bonded debt Feb. 1, ’ 99 $183,000
Sew e r B onds—




27

$32,347 Total valuation 1898 ..$2,858,850
Floating debt.................
215,347 Assessment about actual value.
Total debt F eb.l, 1899.
134,000 Total tax (per $1,000) ’98 $20 00
Water debt (inol. above)
Tax valuation, real....... 2,384,805 Population in 1895 was........5,361
Tax valuation, pers’n’l.
474,045 Population in 1890 was........4,568
IN TE R E S T on the water bonds is payable at the Orange National
Bank and at the office o f the Town Treasurer; on the sewer bonds at
the National Hide & Leather Bank, Boston, and the Orange National
Bank; on all other loans at the Town Treasurer’s office.

P E A B O D Y . — This town is in Essex County.
LOANS—
When Due. Total debt Jan.15,1898 $214,340

Water debt (included)..
61,00
Net debt March 1, 1899
123,81
Tax valuation 1898___ 7,583,90
4s, M&N. $48,000...........1899-1910 Total tax (per $1,000) ’98 ..$17-4
Assesment same as actual value.
($4,000 annually)
Town.notes, &c............... $87,700 Population in 1895 was...... 10,510
Population in 1890 was......10,158
Interest paid at City Treasury.
E lectric L ight B onds 1892—
4s, J&D, $40,000.......June 1,1922
R efunding W ater B onds—

s' W. W. WHITING, Mayor.

P I T T S F I E L D . — ( E. H. KENNEDY, Treasurer.
Pittsfield is in Berkshire County. It became a city in 1890. The
sewer debt, inoluded in total below, is outside of the debt limit.
City’s bonds all payable in gold
LOANS —
When Due.
Temporary loan Nov. ’ 99 .75,000
W ater L oans—
4s, M&N, $45,000...... Nov. 1,1908 Bonded debt Mch. 1, ’99 $650,000
4s, M&N, 50,000...... May 1,1916 Floating debt 8ept. 1, ’98. 97,900
4s, M&S, 75,000... $5,000 yearly Total debt Sept. 1,1898.
747,900
4 s , ........ 90,000... 1899 to 1907 i Water debt (included'..
260,000
Sew e r B onds, 1893—
I Tax valuation, real.......11,478,550
4g, J&D, $200,000, g..Juue 1,1899 |Tax valuation, personal 3,313,196
($10,000 duey’rly)to June 1,1918 Total valuation 1898... 14,791,746
Notes, 4s, 20,000............Demand. Total tax (per $1,000) ’98.. $17*80
Population in 1898 was___ 24,000
School B onds48, M&N. $190,000.......1899-1914 Population in 1890 was___17,261
($10,000 annually on May 15.)
INTEREST on the water bonds due in 1908 is payable at Pittsfield;
on all other bonds at Boston.

P R O V I N C E T O W N . - S eth S m it h , Treasurer.
This town is in Barnstable County.
LO ANSWhen Due. Floating debt.................. $14,650
Total debt Jan. 1,1899..
87,817
School B onds48, J&D,$10,000J une 1,’99 to 1903 Assets...............................
16,924
Net debt Jan. 1 .1 8 9 9 ...
70,893
($2,000 due yearly.)
Water debt (included)...
6(»,000
W ater B onds—
4*ss,J&D,$50,000Jne 1,’99 to 1923 Tax valuation, real........ 1,167,300
($2,000 due yearly.)
Tax valuation, personal. 690,271
4s, A&O, $8,000 June l , ’99to 1902 Total valuation, 1898...1,857,571
Tax rate (per $1,000)’98.
$18-00
($2,000 due yearly.)
Total bond.debt Jan. 1,’ 99.$73,167 Population 1899 (est.) ..
4,555
Q T T T N O Y __ 5H. A. KEITH, Mayor.
'o i U U > U 1 ,
( JOHN O. HALL, Auditor.
This city is in Norfolk County.
LOANS —
When Due.
LOANS—
When Due.
Bridges, 4s, J&J.,$2,000July 1,’ 99 W ater...............$690,000 ’99 to '27
Parks, g ............. 45,000 ’99 to ’ 23
do, 4s, M&N
29,000 ’00 to ’ 28
School 4s, ........ 60,000 ’99 to ’06
($1,000 annually on Apr. 1.)
($7,500 due yearly on July 1.)
Total debt Jan. 1.1899 $1,350,505
Street 4s, J&J .. $70,155 ’98 to ’04 Tax valuation, real....$16,812,825
Mun’l debt 3*a & 4 187,505 ’99-’08 Tax valuation, personal 2,424,007
Street 4s,..
16,000. July ’99 ’07 Tax valuation 1898 ... 19,236,832
Sewer 4s, M a N 217,000 ’99 to ’ 37 Tax rate (per $1,000) ’ 98... $18-00
($5,500 due yearly.)
Population in 1896 (est.)... 22,562
Sewer 4s, A&O, $97,500.1899-’37 Population in 1890 w as__ 16,723
($2,500 yearly on Oct. 1.)
Population in 1880 w as___ 10,570
IN TE R ES T is payable at Nat. Bank of the Commonwealth, Boston.

R A N D O L P H . — J o s e p h T. L
This town is in Norfolk County.
LOANS—
When Due.
W ater W orks—

4s, A&O, $10,000....... Apr. 1,1902
4s, A&O,
20,000.....Apr. 1,1907
4s, A&O,
20,000.....Apr. 1,1912
4s, A&O,
40,000.....Apr. 1,1917
4s, M&N, 20,000.....May 1,1918
4s, J&J,
25,000.... July 1,1922
4s, J&J,
8,000.... July 1,1926
Interest payable at Boston.
Bonded debt Jan.1 , 1398.$143,000

R E A D I N G . — E. N . H

E lectric -L ight B onds48, A&O, $6,000..........Oct. 1, 1899

($1,000 due yearly) to Oct. 1,1904
4s, A&O, $40,000.......Oct. 1,1905
($2,000 due yearly) to Oot. 1,1924
4s, May, $11,200........ May 1,1899
($1,400 due yearly)to May 1,1906
School B onds-

48, F&A, $2,000...... 1899 to 1900
($1,000 due yearly.)
4s, F&A, $16,000.... 1901 to 1908
($2,000 yearly on Aug. 1.)
4s. F&A. $21,000___ 1909 to 1915
($3,000 due yearly.)
4s, Mar., $5,000........ Mar. 9,1901
4s, May, $6,000..........May 1,1899
($2,000 due yearly)to May 1,1901

R E V E R E . — G. A

Treasurer.

Auditor.

W ater B onds-

48, J&D, $119,000. ..1899 to 1915
($7,000 vearly on June l.)
4s, J&D, $34,000. ..1916 to 1922
($12,000 yearly on June 1.)
4s, J&D, $10,000.......Jane 1,1923
4s, J&D,
2,0<>0 ....J u n e 1, 1924
Interest payable in Boston.
Tern, loan, Nov. 1899.......... 40,000
Bonded debt Jan. 1, ’99..$327,200
Floating debt.................... 39,209
Total debt Jan. 1,1899 ...366,409
Tax valuation, real........ 3,646,641
Tax valuation, personal. 397,798
Total valuation 1898___ 4,044,439
Assessment about actual value.
Total tax (per $1,000) ’9 8 ... $18-00
Population in 1895 w as........ 4,710
Population in 1890 w as........ 4,088

rthur

This town is in Suffolk County.
LOANS—
When Due.

,

Floating debt and aooid’t $45,166
Total debt................ 188,196
Sinking funds, etc...........
37,968
Net debt Jan. 1 ,1 8 9 8 .... 150,228
Tax valuation, real.1,615,400
Tax valuation, personal. 260,050
Total valuation 1898___1,875,450
Assessment is about actual value
Total tax (per ($1,000) ’ 98..$19-80
In 1
OAR nmn
O UGA
Population in
1895
was........3,694
Population in 1890 w as........3,946

unt,

This town is in Middlesex County.
LOANS—
When Due.

e a h y

Tapley,

Treasurer.

Sundry P urposes—

4s, . $11,320........... 1899 to 1901
School L oan48, ....... $90,000........1899 to 1916 Total debt Feb. 1,1899.. $272,332
Tax
valuation, real........ 9,703,175
Sew e r Loan —
4 s ,....... $15,000....... Sept. 1,1899 Tax valuation, personal. 250,000
Total
valuation 1898___ 9,953,175
4s, F&A, 21,000
1899 to 1919
16*40
4s.........
5,500....................1 108 Total tax (per $1,000)’ 98
Population in 1895 was........ 7,437
Street L oan48....... $33,512.............1899-1908 Population in 1890 was___..5,668
T ow n H all N otes—

4 s ,....... $96,000....... 1899 to 1918
IN TE R ES T is payable in Boston at the Fourth National Bank,

28

Vol. L X V III

D H P I T T A 'NTT'\
5 J- S. GRAY, Treasurer.
n . V J U i A L j A I N U . — £ EZEKIEL B. DUDLEY, Clerk.
Town in Plymouth County.
LOANS—
When Due'
LOANS—
When Due.
D eficiency B onds—
W ater Works 3%s, M&N, $4,000........1899-1900 48, M&N, $72,000........... 1899-1916
($4,000 due yearly on May 1.)
($2,000 due yearly on May 1.)
F ire E ngine B onds —
4s, F&A, $18,000............ 1900-1917
($1,000 due yearly on Feb. 1.)
4s, M&N, $4,000.......... 1899-1902
Total debt Sept. 1, 1898.$126,500
($1,000 due yearly on May 1.)
Tax valuation, real........ 2,510,192
F unding Notes —
Tax
valuation, personal. 475,948
. . . . . $16,000........ May 1 ,’ 99 to ’06
Total assessment 1898.-2,986,140
($2,000 due yearly.)
Tax
rate
(per $1,000) ’98 $22-30
School B onds—
4s, M&N, $6,000....May 1 , ’99-02 Population in 1890 w as........ 5,213
34>0s,M&S, 4,5 00 ..Sept.10,’99-03 Population in 1880 w as........ 4,553
Street B ondsPopulation in 1895 (census).5,511
4138, M&S, $1,000........ Sept., 1899
INTEREST on the school bonds at the New England Trust Co.,
Boston; on the deficiency bonds at the State Treasury; on all other
bonds at the office of the New England Trust Co.. Boston.
C A T TT’ TV/T
5 JAMES B. NfCHOLS, Auditor.
O A l j J M V I . — ) FRANK A. NEWELL, Treasurer.
This city is in Essex County.
LOANS—
When Due.
LOANS—
When Due.
M unicipal L oan—(Con.)
A rmory B onds48, M&S, $ ■•,000„............. March 1 4s, J&D, $30,000.......June 1,1899
($6,000 due yearly) to June 1,1903
($500 yearly.)
Hl2S,....$10,800...............
Canal Street 48, M&N, $18,000.......May 1,1899 3»s8,.... 5,700........ . . .
P ublic L ibrary ($6,000 yearly) to May 1,1901
H igh School B onds—
68, A&O, $25,000.......Apr. 1,1908
4s, F&A, $33,600..........Aug., 1899
Sew er L oans—
($4,200 due yearly) to Aug., 1907 4s, A&O, $42,000.......Apr. 1,1900
($2,000 due yearly to) Apr. 1,1920
I mprovement L oanWater B onds48, F&A, $36,000.......Aug. 1,1899
($9,000 due yearly) to Aug. 1,1902 58, J&J, $398,500....July 1,1904
4s, A&O, $25,000........Oct. 1,1899 4s, J&D, 176,000....June 1,1899
($8.000 yearly) to J u n el, 1920
($5,000 due yearly) to Oct. 1,1903
4s, M&S, $45,000.......Mar. 1,1900 4s, F&A, $18,000.......Feb. 1,1900
($9,000 due yearly) to Mar. 1,1904 ($2,000 due yearly) to Feb. 1,1908
$4s, A&O, $ 1 5 ,0 0 0 ....Apr. 1,1900 4s, F&A, $8,*00 ($500 yr’ly)M ar.l
$2,500 due yearly) to Apr. 1,1905 4s, M&S, 6,800 .......... 1899 1906
$850 duo Aug. 1 yearly.
Municipal Loan48, J&D, $57,000.......June 1,1899 3 >«8, ...$15,000............
<$3,000 due yearly) to June 1,1917 3»ss, A&O, 20,000....Apr.’OO to ’09
PAR VALU E OF BONDS.—Th bonds are mostly in $1,000 piecesIN TE RE ST is payable at the Merchants’ National Bank, Boston.
Dec. 1,1897. Dec. 1,1896$1,293,449
$1,167,500
242,156
192,767

LOANS—
When Due.
Sew er B onds—(Con.)—
4s, A&O,$ 1 0 ,0 0 0 ....Oct. 1 ,1 9 0 0
($2,000 due ye’rly) to Oct. 1,1904
4s, A&O,$ 3 0 ,0 0 0 ....Oct. 1,1905
($3,000 due ye’rly) to Oct. 1,1914
4s, A&O,$ 1 0 ,0 0 0 ....Oct. 1,1915
($2,000 due ye’rly) to Oct. 1,1919
4s, J&J, $12,000
July 1,1907
($1,000 due ye’rly to) July 1,1918
4s, J&J, $ 1 0 ,0 0 0 ....July 1,1899($1,000 due y ’rly) to July 1,1908

PAR VALUE OF BONDS.—The bonds are mostly for $1,000 each.
T O T A L DEBT ETC.—
May 1,1898. Jan. 1 ,18 9 8. Jan. 1 ,18 9 7.
$1,548,000
$1,531,000Total debt................................... $1,538,000
Water debt (included above)...
294,000
294,000
315,000

In place of an accumulating sinking fund, the city raises each year by
taxation a sum of money which is applied to the redemption o f bonds,
which when paid are canceled.
ASSESSED V A L U A T IO N . —The city’ s assessed valuation (about
the actual value) and tax rate have been as follows, real estate being
taken at about cash value.
,---------------- Assessed Valuation.--------------- > Rate o f Tax
Tears.
Real.
Personal.
Total.
per $1,000.
1898.................... $16,957,500
$2,723,925
$50,681,425
$17-901-97.................... 46,363,625
3,867,375
50,231,000
17-30
1896.................... 45,224,800
3,788,250
49,013,050
15-40
1895.................... 42,879,900
3,574,000
46,453.900
15-40
2,575,800
32,557,500
1400
1890.................... 29,981,700
1 8 8 0 .................. 18,393,200
2,064,900
20,458,100
19-10
P O P U LATIO N . —In 1898 population was estimated at 60,000; in
1890 it was 40,152; in 1880 was 24,933; in 1870 was 14,685.

S O U T H B R I D G E . — J o h n A . H a l l , Treasurer.
This town is in Worcester County.
LOANS—
When Due. Tax valuation, r e a l ___$2,791,316Tax valuation, pers’l . ..
906,874
The town has no bonded debt.
School-house notes 4s.......$36,000 Total valuation 1898... 3,698,190
Sewer notes 4s.................... 14,785 Assessment about ^3 actual value
Sewer land loan................. 5,000 Tax rate (per $1,000) ’98.. $19-00
|Population in 1897 w as........ 8,250*
Armory and engine-house
notes 4s............................. 11,000 Population in 1890 was........ 7,655
Total debt April 2 ,1 89 9 .. 66,785

S P E N C E R . — E rastus J ones , Town Treasurer
This town is in Worcester county.
LOANS—
When Due. Bonded debt Feb.l,1899.$289,000

General D ebt B onds-

T O T A L DEBT, SINKING FUNDS, E t c -

Dec. 1,1898.
Total debt................................... $1,251,706
Snking funds, &C.....................
364,713

LOANS—
When Due.
Sew er B onds—(Con.)—
4s, J&J, $ 6 ,0 0 0 ....July 1,1901
4s, A&O, 2 0 ,0 0 0 ....Oct. 1,1901
4s, J&J, 17,000.... July 1,1902
4s, A&O, 7 ,0 00 ....Oct. 1,1902
4s, J&J, 18,000.... July 1,1903
4s, J&J, 1 0,000.... July 1,1904
4s, J&J, 10,000.... July 1,1907
4s, A&O, 4 4 ,0 0 0 ....Oct. 1,1899
($2,000 due ye’rly) to Oct. 1,1920
4s, J&J, $ 3 ,00 0 ....July 1,1899
($1,000 due ye’rly) to July 1,1901

48, J&J, $12,000........ July 1 ,1 9 0 0

Sewer B onds-

48, J&J, $17,000........ July 1 ,1 9 0 4
4s......... . 19,000....... 1899 to 1917

Floating debt.................... 80,100Total debt Feb. 1,1899.. 369,100
Sinking fund..................... 117,165Net debt Feb. 1,1899....... 251,935
Population in 1895 w as........ 7,614
Population in 1890 was........ 8,747

ater B onds—
$1,051,293
$974,733 4s,WJ&J,
Net d e b t............................... $886,993
$240,000.......July 1 ,1 9 1 4
Water debt (included above)... 625,300
696,650
711,500
INTEREST
is payable by the Boston Safe Deposit & Trust Co.
Trust funds (included above).-. 105,425
105,425
105,425
ASSESSED VALU ATIO N in 1898 w as: Real estate, $2,783,300;
ASSESSED VALUATION.—The city’ s assessed valuation and tax
personal property, $764,351: total. $3,547,651; total tax rate (peir
rate have been as follow s:
,------------------------- Assessed Valuation.------------------------- > Tax p er $1,000), $19 00. Property is assessed at about 65% its actual value.
Years.
Real.
Personal. Additional.
Total.
$1,000
1898..
$18,551,600 $11,018,700
......
$29,570,300 $16-80
T -K m - n r -n T -i—v
J DWIGHT O. GILMORE, Mayor..
1897
18,166.200
10,805,000
28,971,200 17-30 o r n i i N U r 1 L L U . — ¿E . T. TIFFT, Treasurer.
1896.. 17,542,700
10,100.000
27,642,70016-00 This city is in Hampden County.
1895.. 17,076,400
10,498,200
$9,000
27,583,600
18-50
LOANS —
-— Interest.-—. ,------------- Principal,-------------v
1894.. 16,463,200
11,853,500
43,500
28,360.200
16-80 NAME AND PURPOSE.
Payable.
When Due.
Outatand’g-,
1890.. 14,289,500
11,888,690
20,700
26,198,890
17 0 0 City buildings, g’d, 1 8 9 2 ...P.Ot.
4g J & J
July 1, 1902
$50,000
P O P U LATIO N . —In 1895 population was 34,437; in 1890 it was City notes engine house,’96. 4 M & N
Nov. 1, 1899
5,000
30,801; in 1880 it was 27,563.
do
do
1896. 4 M & N
Nov. 1, 1900
5,500
do (Are apparatus, etc.) Q1„ ™ . A 5 Aug. 1,’99 to 1900)
0
1896.
$ 6 ,0 0 0 yearly. $ li5’00°
MEACOM, Treasurer.
S A U G U S .— E. 8B. NEWHALL, Clerk.
Engine house bonds...1891 4
M &S
Sept. 1, 1901
20,000
Fire Dept, bonds, reg. 1894 4 J & D
J u n e l, 1904
29,000
This town is in Essex County.
do
do reg. 1894 4 M &IN
Nov. 1, 1904
6,000
LOANS—
When Due.
LOANS—
When Due School bonds, g’d, reg. ’9 3. 4 g J & J
June 1, 1903
2 5 ,0 0 0
Coupon Notes —
School-H ouse L oando
do
g’d, re g .’9 5. 4 g A & O
Oct. 1, 1915
35,000
4 s ,. . . . , $7,500......... May. 1,1899 48, ........ $8,500.................... 1899 to 1903 do
do
g’d, re g .’97. 4 g J & J
Jan. 1, 1927
370,000*
($1,700 yearly on Dec. 1.)
(Semi-annually to May 1,1900.)
do
g’d, reg. ’97. 4 g J & J \
£nSuy. }
85,5 0 0
4 s , .......$12,000........ Nov. 1,1900 4 s , ........ $2,250_________;..1 9 0 0 to 1904do
(Semi-annually to May 1,1902.)
($450 yearly on Mar. 7.)
dog’d, reg
3^g
J & J { ^ fe o ^ y e a r ly 8 J
174’00i>
4s......... $2,000......... Nov. 1,1902
4 s ,.........$30,00 »...................1904 to 1915do
($3,000 yearly on July 1.)
4 s , . . . . , 4,000.................. 1908
8ewer bonds............ 1 89 1 ..
4
J& J
July 1, 1906
70,000
w ater L oanOther debts...... ................... $75,500
do
do g’d, 1892....... 3 iag M & N
May 1 .1 9 0 7
35,000
48, . , $7,o00.......... 1899 to 1900 Total debt May 1,1898.... 247,083 Improvement bonds g.,’97. S ^ g F & A
Aug. 1, 1907
35,0 0 0
Sinking fund........................ 61,360
($3,500 yearly on Dec. 1.)
do
do
gold,reg. 3 * g J & J |J^
0O y S i iy ? { ,
40,000
Net debt May 1,1898.........185,723
4 s ,. . . . , $ 4,000........ Deo., 1901
4s, . . . . ,
2 ,5 00.......... Dec., 1902 Assessed val’n, real........ 3,385,707
7
A & O
J$ ^ 0 0 0 y ltriy l
75>°°°
4 s ,....... 15,000........1903 to 1907 Assessed val’n, personal 162,504 Water bonds....... 1873-74..
Total valuation 1898___ 3,548,211
($3,000 yearly in Dec.)
do
do
1873-74.. 7
A & O
Apr. 1, 1903
7 75 ,0 00
4 s ,.......$15,000........ 1910 to 1912 Total tax (per $1,000)’98..$20-50
do
do
1 875.. 6
A & O
Apr. 1, 1905
2 00 ,0 00
Population in 1890 was........ 3,673
($5,000 yearly in Dec.)
do
do
go ld ...1 8 9 3 .. 4 g A & O
Apr. 1, 1913
200,000
4iflS, ...$10,000........1908 to 1909 Population in 1895 was........ 4,504
do
do
gold...1 8 9 3 .. 4 g A & O
Oct. 1, 1923
150,000
4 s ,....... 3,500......................... Dec.,1913
do
do
go ld ...1 8 9 0 .. 3% g A & O
Oct. 1, 1920
125.000

S O M E R V I L L E .- ! Ï 5 Ï
This city is in Middlesex County
LOANS—
When Due.
City B onds—
4^8,A&O, $72,000...Oct. 1,1899
($24,000 due y’rly) to Oct. 1,1901
4 Jas,A&0, $30,000...Oct. 1,1902
4*2B,A&0, 35,000...Oct. 1,1903
4s, J&J, 10,000... Jan. 1,1900
4s, J&J, 54,000.. .July 1,1899
($9,000 due yearly) to July 1,1904
4s, J&J, $20,000...July 1,1899
($10,000 due y’rlv) to July 1,1900
4s, J&J, $18,000...July 1,1901
($9,000 due yearly) to July 1,1902
4s, J&J, $72,000...July 1,1903
($8,000 due yearly) to July 1,1911
4s, J&J, $35,000...July 1,1912
($7,000 due yearly) to July 1,1916
4s, J&J, $60,000.. .July 1,1905
($6,000 due yearly) to July 1,1914
4s, A&O, $ 9 ,00 0 ...Oct. 1,1899
4s, A&O, 15,000...Oct. 1,1901
($3,000 due yearly) to Oct. 1,1905
4s, A&O, $40,000...Oct. 1,1899
($10,000 due y’rly) to Oct. 1,1902
4s, A&O, $7,00 0 ...Oct. 1,1899
4s, A&O, 12,00 0 ...Oct. 1,1899
($4,000 due yearly) to Oct. 1,1901
4s, A&O, $ 6 ,00 0 ...Oct. 1.1900
4s, J&J, $296,000............................
(Part due yearly.)




F

f P oo Î â

Ä

S

.

LOANS—
When Due.
City B onds—(Con.)—
4s, J&J, $131,000.... 1899 to 1917
(Due yearly $11,000 1899 to ’01;
$9,000 ’02 to ’07; $5,000 ’08 to ’ l l ;
$4,000 ’ 12 to ’ 17.)
4 s ,........ $151,000........ 1899-1918
(Due y’rly on July 1: $11,000’99
to 1900; $10,000 J901 to 1907;
$9,0001908; $5,0001909 to ’ 18)
P aving B onds48, A&O, $70,000...Oct. 1,1899
($5,000 due yearly) to Oct. 1,1912
Sew er B onds—
4 *28,J&J, $16,000... July 1,1899
($1,000 due yearly) to July 1,1914
4 1as,A&0,$13,000... .Oct, 1,1899
($1,000 due yearly)to Oct. 1,1911
4s, J&J, $24,000........1899 to 1922
($1,000 due ann. on July 1.)
4s, $8^,000..................... 1899-1925
($4,000 yearly on July 1 to 1905
and $3,000 yearly to 1925.)
4s...........$25,000........July 1,1899
($1,000 yearly) to July 1,1923
5*28, J&J, $10,000___July 1,1906
5s, J&J, 15,500.... July 1,1899
5s, J&J, 12,500___July 1,1900
4s, A&O, 13,000.... Oct. 1,1899
4s, A&O, 1 4 ,0 0 0 ....Oct. 1,1900

Nov. 8, 1899
300,000
Temporary loan___1 89 9 .. 2-50s .............
PAR VALUE OF BONDS.—The bonds are aU for $1,000 each.
INTEREST payable atFirstNat. Bank, Boston and City Treasury..
T O T A L DEBT, SINKING FUNDS, Et c Dee. lO, ’98.
Dee. 10, ’97.
Total bonded debt (including water debt)__ $2,547,000 $2,358,500Total indebtedness, includ’g current liabiMt’s 2,595,073
2,401,498Sinking funds and other assets........................
864,369
933,956-

Net debt........................................................ $1,730,704
$1,467,542
Water debt, included above.............................$1,550,000
$1,575,000
C ITY PR O P E R T Y .—The city values its property at $5,421,649;
including $1,950,384 for property of water department. In year
1898 water receipts were $219,926; payment for construction and
repairs. $58,081; interest on water loans, $92,500; balance to be
credited to the sinking fund, $69,345.
ASSESSED VALUATIO N.—Real estate is taken at about 90 per
cent cash value:
,----------------- Assessed Valuation------------------,
Tax per
Tears.
Real.
Personal.
Total.
$1,000
1898..................$52,022,570
$13,677,143
$65,699,913
$13-80*
1897................. 50,344,460
14,553,919
64,898,319
1300
1896................ 48,344,280
13,071,811
61,416,091
12-80
1895................ 46,063,460
12,969,681
59,033,141
12-20
1894 ............... 44,083,900
12,365,525
56,449,425
12*00
1890................. 33,795,860
10,697,773
44,493,633
12-40
1889................. 32,000,680
10,072,895
42,073,573
13-00
1888................. 30,323,140
9,540,115
39,863,255
13*60
Taxation in 1897 includes State tax, $0-48; county tax, $0-98; city
tax, $11-54; total, $13-00 per $1,000.
PO P U L AT IO N . —State census 1895 was 51,534. In 1890 popula
tion was 44,179; in 1880 it was 33,340-, in 1870 it was 26,703.

April, 1899.

MASSACHUSETTS—CITIES AND TOWNS

5 F. E. NICKERSON, Treasurer,
ï GEO. N. GREEN, Clerk.
This town is in Middlesex County.
T own Notes—(Con.)
LOANS—
When Due.
4s, J&D, $5,000....Dee. 1,1905
A rmory L oan 5 ,0 0 0 ....Dec. 1,1906
48, J&J, $6,000 .July 18, ’99 to ’04 4s, J&D,
Tot. bond, debt Feb. 1,’ 99 $101,000
($1,000 due yearly.)
Floating debt..................
46,000
Sew er B onds—
4s,J&D,$101,000.June 1,’99 t o ’ 22 Total debt Feb. 1,1 89 9 .. 147,000
($4,000 due yearly to 1917, then Tax valuation, real........ 4,647,125
Tax valu., personal........ 430,100
$5,000 yearly.)
Total valuation 1898___5,077,225
T own Notes—
4s, J&D, $10,000. .June 10,1900 Assess’t 80 to 90% of actual value.
4s, F&A,
5,000..Feb. 20,1901 Total tax (per $1,000), ’98.$19*80
4s, J&D, 10,000..June 9,1902 Population in 1899 (est.)....6,300
4s, J&D,
5,000.. June 1,1904 Population in 1890 w as........ 6,155
INTEREST on sewer bonds and on the town notes, due in 1904»
1905 and 1906, is payable at Boston; on all other loans at Stoneham-

S T O N E H A M ,

SU F F O L K

C O U N T Y . — See City of Boston.

S W A M P S C O T T . —This town is in Essex County.
LOANS—
Wtien Due. Assessed valuat’ n real.$4,135,582

W ater Bonds—
3i<js, g.. F&A, $120,000.Aug. 1, ’ 28
Bonded debt fan 1,1899.$L20,000
Floating debt........ .......... 71,000
Total deb t........................ 191,000

Ass’d valuation, pers'l. 1,318,591
Total valuation 1398.. 5,454,173
Assessment about % actual value.
Tax rate (per $1,000) ’98...$14*00
Population in 1890............... 3,198
Population in 1899 (est.)
4,500

29

W ater B onds4s, J&J, $ 3 0 ,0 0 0 ....July 1,1905
4s, J&J, 11,000.... Jan. 1,1906 48, J&J, $9 ,00 0 .... Apr. 1,1906
6,0 0 0 ....Jan. 1,1907
4s, J&J,
6,0 0 0 ....Jan. 1,1916 4s, J&J,
4s, J&J, 3 1 ,00 0 .... July 1,1906 4s, J&J, 12 ,00 0 .... July 1,1907
4s, J&J,
5 ,0 0 0 ....July 1,1916 4s, J&J, 2 4 ,0 0 0 .... July 1,1908
4s, J&J,
5 ,0 0 0 ....Jan. 1,1907 4s, J&J, 20 ,00 0 .... July 1,1909
4s, J&J,
1 ,0 0 0 .... July 1,1907 4s, J&J, 3 5 ,0 0 0 ....July 1,1911
4s, J&J,
4,000___Jan. 1,1908 4s, J&J, 28 ,00 0 .... July 1,1912
4s, J&J,
3 ,0 00 ....Jan. 1,1918 4s, J&J, 24,000.... Jan. 1,1913
4s, A&O, 1 2 5 ,0 0 0 ....Apr. 1,1913
P ublic P ark B onds—
4s, A&O, $ 2 0 ,0 0 0 ....Oct. 1,1923 4s, J&J, 2 0 ,0 0 0 ....July 1,1913
4s, A&O, 10,0 0 0 ....Apr. 1,1914
Surface D rainage Bonds48, J&J, $85,000.... Jan. 1,1909 4s, A&O, 10,000.... Oct. 1,1914
4s, J&J, 15,000 ...Jan . 1,1910 4s, A&O, 1 0 ,0 0 0 ....Apr. 1,1915
4s, J&J, 1 0 ,0 0 0 ....July 1,1912 4s, A&O, 10,0 0 0 ....Apr. 1.1916
4s, J&J,
4 ,0 00 ....Jan. 1,1919 4s, A&O, 3 0 ,0 0 0 ....Apr. 1,1917
4s, A&O, 3 3 ,0 0 0 ....Oct. 1.1918
Sew er B onds—*
4s, A&O, $9 0 ,0 0 0 ......... 1900-1902 Bonded debt July 1,’98 .$1,226,000
Sinking funds.............
366,984
($30,000 yearly on Apr. 1.)
859,016
4s, A&O, $ 5 0 ,0 0 0 ....Oct. 1,1911 Net debt July 1 ,1 8 9 8 ..
4s, A&O, 5 0 ,0 0 0 ....Apr. 1,1921 Water debt (inoluded).. 448,000
4s, J&J, 10,0 0 0 .... July 1,1902 Assessed valu’tlon, real.14,339,500
4s, J&J, 25,00 0 .... July 1,1922 Assessed valu’tion,per’l 4,489,524
4s, J&J, 1 5 ,0 0 0 ....Dec. 31,1922 Total valuation 1898... 18,829,024
4s, A&O, 10,000.... Apr. 1,1923 Tax rate (per $1,000) ’ 98...$16*00
18,707
4s, A&O, 5 ,0 00 ....O ct. 1,1923 Population in 1890 was
22,000
4s, J&J,
7,0 00 ....Jan. 1,1927 Population in 1898 w as
IN TE R E S T is payable at the Boston Safe Deposit & Tr. Co., Boston.

W A R E . — A . F. R ichardson-, Treasurer.

This town is in Hamnshire County.
LOANS—
Amount. Total debt, Feb. 1 ,1 8 9 \ . $112,800
(NATHANIEL J. W•FISH, Mayor.
High School loan, 4s....... $20,000 Tax valuation in 1898...4,136,835
1 A U J N 1 U J N — ( EDWARD H. TEMPLE, Treasurer.
Sewer loan, 4 s.................. 31,500 Tax rate (per $1,000) 1898.$19*30
Population in 1897 was........ 7,651
This city is in Bristol County.
Macadam road loan......................... 9,000
5,500 Population in 1890 was........ 7,329
LOANS—
When Due. Miso. loans 4 s..................
LO AN SWhen Due.
Water debt......................... 46,800
W ater B ondsCity B onds—
48, J&J, $12,000....... July 1,1904
4s, J&D,
$6,700...June 1,1901
1,700.....July 1,1905
4s, J&D,
15,000...June 1,1903 4s, J&J,
W A T E R T O W N . —Chas . W . Stoke, Treasurer.
----27,000.....July 1,1906
4s, J&D,
19,000...June 1,1904 4s, J&J,
This town is in Middlesex County.
5,000 .......July 1,1908
4s, J&D,
30,000...June 1,1904 4s, J&J,
Town Notes—
.July 1,1909
LOANS—
When Due.
4s, J&D,
63,325...June 1,1905 4s, J&J, 15.000
4s, J&J, $5,00 0 .... July 1,1904
B
ridge Notes—
45.000
.July
1,1910
4s,
J&J,
4s, J&D,
15,000...June 1,1906
4^8, J&J, $ 5 ,0 0 0 ....July 1,1902 4s, M&N, 1 1 ,0 0 0 ....Sept. 1,1904
.July 1,1911
4s, J&D,
5,000...June 1,1911 4S, J&J, 38.000
4*28, A&O, 5,0 00 ....A pr. 1, 1902 4s, A&O, 14,00 0 .... Apr. 1,1905
.July 1,1917
4s, J&D,
15,000...June 1,1913 4s, J&J, 45.000
4s, J&D,
21,000...June 1,1914 4s; J&J, 536,500....... July 1,1922 4^28, J&D, 5 ,0 0 0 ....Dec. 1,1902 4s, F&A, 24,000... 1899 to 1906
School H ouse N otes—
($3,000 due yearly on Aug. 1.)
30,000.....July 1,1918
4s, J&D,
62,000...June 1,1915 4s, J&J,
M unicipal Notes—
4s, M&S, $32,000.. .Sept. 1,1899 4s, F&A, $30,000..Aug. 1,1907
4s, J&D,
46,800...June 1,1916
6,000..Deo. 1,1907
($2,000 yearly) to Sept., 1914 4s, F&A,
4s, J&D,
45,000...Dec. 1,1906 4 s , ........ ,$ ¿9 ,8 5 0 ...........1898-1901
15,000................ 1908
4s, J&D, 7,800...O ct. & Nov., *99 4s, M&S, $ ll,0 0 0 ...8 e p t. 1,1904 4s...........
F ire Station B ondsW ater B onds—
48, J&D, $11,500.......June 1,1908 Total debt Jan. 18, ’99..$1,492,375 4s, Ann., 40,000....1899 to 1908
3138, J&J, $270,000. Jan 1,1900 to
Sew er Notes—
Sinking funds, etc..........
239,775
School B onds4 8 ,...... $27,000......June 1,1917 Netdeut Jan. 18, 1899. 1,252,600 4*28, J&J, $54,500...July 1,1898 ($9,000 due yearly) ...Jan. 1, 1929
(Part due yearly) to July 1,1901 Total debt Feb. 1,1899....$755,000
Water debt (included)..
755,200
E lectric -Light B onds—
4, J&D, $125,000..... June 1,1927 Assessed valuat’n, real.14,840,785 4*38, J&J, 10,000___Jan. 1,1901 Water debt (included)___ 420,000
7,500......June 1,1917 Assessed valuat’n, per. 5,467,625 4^28, J&D, 5 ,0 0 0 ....Dec. 1,1899 Tax valuation, r e a l........ 8,475,000
4 s , .......
4s, J&D,
3,500...June 1,1918 Total valuation 1898 20,308,410 413s, J&D, 5,000___D hc. 1,1901 Tax valuation, personal. 1,548,000
4s, J&D, 5,000......... Dec. 1,1928 Assessment abt. 90% actual value 4*28, J&J, 1 ,0 0 0 ....Jan. 1,1903 Total valuation 1898... 10,023,000
$17*50
Tax rate (per $1,000) 1898.$18*60 4s, M&N, 70,000___Nov. 1,1906 Total tax (per $1,000) ’98
Sew er B onds48, J&D, $83,500......June 1,1927 Population in 1890 was.......25,448 Temporary loan, $100,000.Nov.’99 I Population in 1895 w as........ 7,788
Population in 1890 was.........7,073
4s, J&D,
16,500...June 1,1928 Population in 1895 was.......27,115
30,000
4«, J&D, 50,000......... Dec. 1,1928 Population 1899, est....
IN TE R E S T is payable at the Fourth National Bank,Boston.
Street I mprovement48, J&D, $60,000.... June 1,1901
W A Y L A N D . — H enry F. L e e , Treasurer.
4s, J&D, 15,000.......June 1,1907
This town is in Middlesex County.
INTEREST—W H E R E PAYABLE—Coupons are payable at the
Atlas Nat. Bank of Boston. Reg. interest is remitted by City Treasurer.
LOANS—
When Due. Sinking fund a s se ts ....... $16,000
Net debt May 1,1898....... 103,500
R efunding Bonds—
4s, A&O. $11,000.................... 1913 Tax valuation in 1898.. 1,648,465
T U R N E R S F A L L S .—
4s, A&O, 44,500....................1918 Assessment about % actual value.
Turners Falls is a part of the town of Montague, Franklin County» Bonded debt May. 1, ’ 98.. $79,500 Total tax (per$1,000) ’ 98...$17*60
Floating debt.................... 40,000 Population in 1895 was......... 2,026
but is separate for water and Are purposes.
interest is payable in Boston.
When Due. N etdeb tJ a n ,1 ,1 8 9 9 .... $71,364 Total debt May 1,1898... 119,500
LOANSTax valuation, rea l........ 2,918,161
W ater B onds—
818,595 W E B S T E R . — 0 . Shumway , Treasurer.
4s, M&8, $15,000....... Sept. 1,1901 Tax valuation, personal
4s, M&S, 15,000..... Sept. 1,1906 Total valuation 1898... 3,736,756
Webster is in Worcester County.
4s, M&S, 25,000..... Sept. 1,1911 Assessment about 23 actual value.
4s, M&S, 25,000..... Sept. 1,1916 Total tax (per $1,000), ’ 98 $20*20
LOANS —
When Due. I Tax valuation 1898
$3,339,745
Total debt Jan. 1,1899....$80,000 Population 1899 (est.)..........4,500
Water L oan 1893—
|Tax rate (per $1,000) 1898.$10*00
Sinking funds..................... 8,636
4s,........ . $111,000.................. 1923 Population in 1896 (est.)___ 7,800
IN TE R ES T is payable at the Howard National Bank, Boston, Mass.
Optional after 1913.
Population in 1895 was........ 7,788
TA X FREE —All loans issued by this district exempt from axation Total debt Jan. 1,1899..$115,000 I Population in 1890 w as........ 7,031
rp

a

T T ‘NTrpr*\AT

W A K E F I E L D . — T . J. Skinner , Treas.

W E L L E S L E Y — A lbert J ennings , Treasurer.

This town is in Norfolk County.
LOANS—
When Due.
LOANS—
When Due.
B uilding R oad , E tc.
W ater W orks—(Con.)
4s, J&D, $10,000...Dec. 30,1899 4s, M&S, $12,000 ... 1899 to 1902
4s, J&D,
9 ,0 0 0 ...Dec. 1,1900
($3,000 annually.)
4s, J&D,
5,000...D ec. 1 , 190L 4s, M&S, $20,000.......1903 to 1912
E lectric-Light P lant($2,000 annually)
48, M&S, $9,000......Sept. 1,1899 4s, M&S, $15,000............ 1913-1920
($1,000 due y’rly) to Sept. 1,1907
($2,000 yearly to 1919 and
$1.000 in 1920.)
4s, M&S, $6,000...........1900-1905
($1,000 yearly on Mar. 1 )
4s, A&O, $6,000 ...O ct. 1,1912
School H ouses—
4s, M&S, 1 8 ,0 0 0 ....Sept. 1,1913
4s, J&D, $ 8 ,0 0 0 ....Dec. 1, 1902 4s. M&S, 9 ,0 0 0 ....Mar. 1, 1914
I N TE R E S T is payable at the Central National Bank, Boston.
4s, M&S,
4,000... .Sept. 1,1903 4 s, M&S, 140,000.... Mar. 1, 1915
4s, M&S, 9 ,0 0 0 ....Sept 1,1904 4s, M&S,
9 ,0 00 .... Mar. 1,1916
W T a T T D n r TT
?F. O. PILSBURY, Treasurer,
($4,500 due y’rly) to Sept. 1,1905 Bonded debt, Jan. 1, ’99. $356,400
vv
— ( h . E. CRAIG, Clerk.
4s, M&S, 16,000... .8ept. 1,1899 Water debt (included).. 275,000
($2,000 due y’rly) to Sept. 1,1906 Floating debt................ .
36,000
This town is in Norfolk County.
4,400........... Sept., 1899 Total debt....................... 392,400
LOANS—
When Due. Total debt Jan. 1,1899.. $118,979 4s,WM&S,
ater W orks Sinking
fund
assets___
125,273
4s.........$12,000.......... 1899 to 1918 Tax valuation, rea l........ 1,975,850 48, J&J, $7 ,00 0 .... Jan. 1,1900 Net debt, Jan. 1 ,1 89 9 ... 267,127
School N ote—
Tax valuation, personal. 457,221
J&D,
5,000....D ec. 16,1907 Tax valuation real........5,0 <3,450
4s, M&N, $8,500........ Nov. 2,1906 Total valuation 1898___2,433,071 4s,
4s, M&N,
5 ,000... .Apr. 28,1908 Tax valuation personal. 2,797,900
3 !2S, . . . . , 4,000.........July 13,1899 Total tax per $1,000, ’98___$17*40 4s,
A&O,
5,000....A p r. 1,1909 Total valuation 1898.... 7,861,350
3*28......... 2 ,5 0 )......... July 13,1900 Population in 1895 was.........2,994 4s, M&S,
10,000...Sf*pt.
1,1908-9 Assessment % actual value.
W ater B onds Population in 1890 was.........2,604
M&N, 6 ,0 0 0 ....Nov. 12,1910 Total tax (per $1,000) 1898.11*00
4s, F&A, $100,000.. 1901 tol925 Population in 1899 (est.).......3,200 4s,
4s,
J&D,
6
,0
0
0
....Dec.
30,1911 Population in 1899 (est)........4,400
($4,000 due yearly on Aug. 1.)
Population in 1890 was..........3,600
W’ter note,8*28. 2,500. July 13,1900
IN TE R E S T is payable by the Boston Safe Deposit & Tr. Co., Boston.
IN TE R E S T Is payable at the Nat. Bank of Redemption, Boston.
This town is in Middlesex County.
School L oan—(Con .)
LOANS—
When Due.
Municipal L ight L oan4s, A&O, $14,000.Oct. 1, ’ 99 to ’ 12
48, A&O $168,000 .Oct. l , ’99to ’ 24 4s, A&O, 30,000.Oct. 1, '99 to ’ 13
A rmory L oan—
Total debt Feb. 15,1899. $269,500
4s, F&A, $12,000......D eo. 1,1900 Tax valuation, real........ 6,602,030
($3,000 due yearly) to Deo. 1,1904 Tax valuation, personal. 928,906
Total valuation 1898___ 7,530,936
Miscellaneous Loans—
4s, J&D, $2,500..........1899 to 1903 Totaltax (per$l,000)’98.
17*00
4s, J&D, 5,500........ 1899 to 1908 Population in 1895 w as........ 8,309
School Loan Population in 1890 was........ 6,982
48. M&N, $37,500..Nov.l, ’ 99 to ’ 15

\M AT T R A M

5 G. L. MAYBERRY, Mayor.
VV Ä l _ i X -TTAAIVI.— )E . J. SANDERSON, Treasurer.
This city is in Middlesex County.
City B onds (Con.)—
LOANS—
When Due.
City Bonds—
4s, J&D, $ 8,0 0 0. . . .Deo. 3 1,1 9 02
4s, J&J, $28,0 0 0 ....July 1,1899 4s, J&J,
3 ,0 0 0 .. . .Jan. 1, 1906
3 ,0 0 0 .. ..Jan. 1 ,1 9 1 2
4<s, J&J, 19,00 0 ....Jan. 1,1900 4s, J&J,
4s, J&J, 30,000.....Jan. 1,1901 4s, J&J,
2 ,0 0 0 . ...J u ly 1 ,1 9 1 2
4s, J&J, 3 1 ,0 0 0 ....July 1,1901 4s, J&J, 25,000 .. .Jan. 1 ,1 9 0 4
4s, J&J, 25,000___Jan. 1,1902 4S, J&J, 27,0 0 0 .... July 1 ,1 9 0 4
4s, J&J, 2 6 ,0 0 0 ....July 1,1902 4s, A&O,
5 ,0 0 0 .. ..Apr. 1 ,1 9 2 4




I

W E S T B O R O . — 0 . E . N ewton, Treas.
This town is in Worcester County.
LO AN SWhen Due. 4s.......... $5,000...................... 1920
M unicipal D ebt4s, ; . . . . 9.000......................1925
3388 to 413s, var.$35,300.’99tol901
L ibrary N »tes—
4 s ,....... 5,000............1904 & 1905 4s......... $5,000................ 1904-1905
Water B ondsSew er B onds—
58, M&S, $ 5 5 ,0 0 0 ....Sept. 16,1908 4 s , ......... $31,000.................1 9 2 2
4s, M&S, 3 5 ,0 0 0 ....Mar. 1,1908 4s........... 10.000.................1926
(Interest payable in Boston.)
4s, M&S, 2 0 ,0 0 0 ....Sept. 16,1916
4s, M&S, 2,000 . . . Sept. 16, 1919

80

STATE AND CITY SU m EM EN T.

Yol. LXV11I

Sew er D ebt LOANS—
When Due.
48....... $2,000............... Jan. 1,1900
M unicipal L oans—
($500 due yearly) to Jan. 1,1903
4s, A&O, $2,000.........Oct. 1,1899
($1,000 due yearly) to Oct., 1900 4s, A&O, $22,000.......Aug. 1,1899
($2,000 due y'rly) to Aug. 1,1901
4s. J&D, $3,000......... Dec. 1,1899
($500 due yearly) to Dec. 1,1904 4s, M&S, $1,5 0 0 ..Sept. 1 ,’99-1903
($500 annually)
W E S T F I E L D — 0 . N . O akes, Town Treasurer.
P ublic P ark L oan —
Water D ebt—
4s, A&O, $1,400.........Oct. 1, 1899
This town is in Hampden County.
($700 due yearly) to Oct. 1, 1909 4s, A&O, $1,200.......... Oct. 1,1899
LOANS —
When Due.
($600 due yearly) to Oct. 1,1900
LOANS—
When Due.
P ublic P roperty L oan—
W ater Bonds—(Con.)
A cademy B onds—
4s........ $2,000______ April 1,1900 4s, J&J, $70,0 0 0 .... July 1,1899
3*fl8, July, $8,000........July 1,1899 4s, A&O, $20,000........Oct. 1,1899 ($500 due yearly) to April 1,1903 ($10,000 due y’ ly) to July 1,1905
<$4,000 due yearly) to July 1,1900 ($5.000 due yearly) to Oct. 1,1903 4s, A&O, $1,000...........Oct. 1,1899 4s , ___$36,000........... July 1,1899
4s, A&O,
6,000........Oct. 1,1900
($6,000 due yearly) to July 1,1904
B ridge BondsSchoolhousk L oans—
48........... $12,600....O ct. 1, 1899 4s, A&O, 49,500........Oct. 1,1901 4s, A&O, $2,800........ Oct. 1, 1899 4 s , ........ $6,000......... Apr. 1,1905
<$1,800 due yearly) to Oct. 1,1905. ($5,500 due yearly) to Oct. 1,1909 ($1,400 due yearly) to Oct. 1,1900 4s, A&O, 50,000......... Apr. 1,1900
4s, A&O, $22,500........Oct. 1,1899 4s, A&O, $6,000..........Oct. 1,1899
($10,000 due y ’rly) to Apr. 1,1904
(¿•School notes —
4s, A&O, $4,200.................. 1900 ($2,500 due yearly) to Oct. 1,1907 ($2,000 due yearly) to Oct. 1,1901 4s, A&O, $9,000..........Apr. 1,1904
4s,
A&O,
$97,000........
1899-1927
4s,
M&N, 1 ,0 00 ......... May 1,1899
S^s, A&O, 2,000.......Oct. 1, 1899
4s, J&J, $9,000.........June 1,1899
5s............. 14,400___Sept. 1,1899 ($3,000 yearly on Oct. 1 to 1907,
($1,500 due y’rly) to June 1,1904 Tax valuation 1898— $9,945,762
and
then
$3,500
yearly.)
Assessment same as actual value.
<$1,800 due yearly) to Sep. 1,1906.
Street LoanTotal debtlFeb. 1,1899.. $367,044 48, A&O, $3,000...........Oct. 1,1899 Tax rate (per $1,000) ’ 98...$18*70
Sewer Notes—
4s, A&O, $5,000... .Jan. 1,1908 Water debt (included)... 205,000
($1,000 due y’rly) to Oct. 1,1901 Population in 1890 was---- 13,499
3^8, A&O, 40,000___Oct. 1,1899 Tax valuation 1898.........8,116,000
IN TE R E S T on water 6s payable in Boston; on all others in Woburn.
($5,000 due y’rly) to Oct. 1,1906 Assessment about 9in actual value.
T O T A L D EB T ETC.—The city’s net debt on January 1,1898, wa
4s, ..........$10,000 .. ..1909-1910 Total tax (per $1,000) 1898.$18*00
Population in 1895 was.......10,659 $419,700, including water debt.
($5,000 due yearly.)
Population in 1890 w as........ 9,805
POPULATION Population in 1895 was 14,176; in 1890 was
Water B onds—
4s, A&O, $6,000........ Oct. 1,1899
13,499; in 1880 wa 10,931; in 1870 was 8,560.
In place of a sinking fund the town pays off $33,800 of debt yearly.
(R U F U S B. DODGE, J r ., M ayor.
IN TE R ES T on the water b >nds is payable at Boston; on all other t t t /—\I—» tt*c—■i - f - i i —>
W U n U L o 1 E R . — l FRED. W. WHITE, Treasurer.
loans at Westfield.
This city is in Worcester County.
LOANS—
When Due.
LOANS—
When Due.
W E S T S P R I N G F I E L D -F. H . Sibley , Treas.
Funded Sew er Loans—(Con.)—
F unded City L oans—
This town is in Hampden County.
5s, A&O, $200,000 ... Apr. 1,1905 4s,J& J, $ 7 0 ,0 0 0 ....Jan. 1, 1904
LOANS—
When Due. R kfund’ g Sch’ l H ouse & Sewers 4s, A&O,
75,000....A pr. 1,1901 4s, J&J, 1 8 0 ,0 0 0 ....Jan. 1, 1905
4s, M&N, $ 5 0 ,0 0 0 ....May 1, 1928 4s, A&O, 500,0 0 0 ....Apr. 1,1905 4s, J&J, 145,000....Jan. 1, 1906
G eneral P urposes—
Tax
valuation
1898........4,715,153
5s, $24,000..................May 5,1899
75,f 00
Jan. 1, 1908
4s, A&O, 500,0 0 0 ....Apr. 1,1905 4s, J&J,
14*80 4s, A&O, 135,000.... Apr. 1,1902 4s, J&J,
($1,000 due yearly) to May 5,1922 Total tax (uer $1,000) *98.
75,000....Jan. 1, 1910
4s, A&O, $20,000.......Oct. 1,1899 Population in 1895 w as...... 6,122
80,000___Jan. 1, 1912
4s, A&O, 100,0 0 0 ....Apr. 1,1903 4s, J&J,
($1,000,due yearly) to Oct. 1,1918 Population in 1890 w a s.......5,077
4s, A&O, 260,000... .Apr. 1,1904 4s, J&J, 1 0 0 ,0 0 0 ....Jan. 1, 1916
4s, $165,000............................. 1927
4s, A&O, 110,000... .Apr. 1,1905 4s, J&J, 200,000.......Jan. 1,1927
IN TER EST on the $25,000 of bonds is payable by the N. Eng. Trust 4s, A&O, 125,000....Apr. 1,1905 4s, J&J, 3 0 0 ,0 0 0 ....July 1,1928
F unded W ater L oan—
4-, A&O,
50,000... .Apr. 1,1925
Co. Boston; on the $20,000 of bonds at the Third Nat’l Bank, Boston.
4s, A&O, 300,000....Apr. 1,1906 5s, J&D, $ 1 00,000....Deo. 1, 1906
4s, A&O, 250,000....Apr. 1,1926 4s, A&O, 250,000....A p r. 1, 1914
W E Y M O U T H . — J. H Stetson, Treasurer.
4s, A&O, 3 00,000....Apr. 1,1907 4s, A&O, 1 0 0 ,0 0 0 ....Apr. 1, 1915
4s, A&O, 3 5 0 ,0 0 0 ...,Apr. 1,1927 4s, A&O, 150,0 0 0 ....Apr. 1, 1918
The town is in Norfolk County.
4s, A&O,
40,000....Apr. 1,1917 4s, A&O, 2 0 0 ,0 0 0 ....Apr. 1, 1919
LOANS —
When Due. Town debt, Jan. 1, 1899. $81,500 4 s ,........ , 200,000....Apr. 1,1907 4s, A&O, 30,000 . Apr. 1, 1920
School debt Jan. 1,1899.
50,000 3*25s, ..., 80,000..Nov., 1902-03 4s, A&O, 7 0 ,0 0 0 ....Apr. 1, 1921
F loating D ebt—
4-3128, var., $81,500....................... Water debt Jan. 1,1899. 445,000 4s............ 100,000.... Jan. 1,1909 4s, A&O, 150,000....Apr. 1, 1922
Total debt Jan. 1,1899.. 576,500
School Bonds4s, A&O, 50,000....A pr. 1, 1923
School B onds48, J&J, $50,000.......July 1,1907 Sinking fund.................... 12(',840 48, J&J, $160,000...... July 1,1908 4s, A&O, 50,00^___Apr. 1, 1924
Net debt Jan. 1 ,1 8 9 9 .... 455,660
Water B onds4s, A&O, 100,0 0 0 ....Apr. 1, 1925
F
unded P ark L oan—
48, M&N, $300,000....Nov. 1,1914 Net water d eb t................ 328,160 4s, A&O, $25 0,0 0 0 ....Apr. 1,1938 4s, J&D, 300,000___June 1, 1905
4s, M&N, 50,000... .Nov. 1,1917 Tax valuation, real........ 5,401,383
3*28, J&D, 150,000.. .June 1,1905
F
unded Sew er L oans—
21,000....Nov. 1,1919 Tax valuation,personal. 1,033,634 58, J&J, $ 3 0 ,0 0 0 ....Jan. 1, 1900 4s, A&O, 100,000....Apr. 1, 1925
4s, ------M&N,
Total valuation 1898...... 6,434,017 4 ^28. A&O, 140,000...Apr. 1, 1905 4 s, A&O, 75,000... .Apr. 1, 1926
29.000.
.. .Nov. 1,1920
4s, M&N,
1 5 .000.
...Nov. 1,1921Property assessed at actual value. 4s, J&J, 5 5 ,00 0 ....Jan. 1, 1901 4s, A&O, 3 0 0 ,0 0 0 ....Apr. 1,1927
4s, M&N,
Tax rate (per $1,000) 1898.$18*70 4s. J&J,
13.000.
. ..May 1,1924
4s, M&N,
65,000.... Jan. 1, 1903 4s, A&O, 3 5 0 ,0 0 0 ....Apr, 1,1928
Population in 1895 was...... il,2 8 5
4.000.
...May 1,1925
4s, M&N,
PAR VALUE OF BONDS Is $500 and multiples thereof.
Population in 1890 was.......10,866
5.000.
...May 1,1927
4s, M&N,
IN TE R E S T on most issues is payable, principally by check, at the
8.000.
...May 1,1926
4s, M&N,
IN TER EST on the floating debt is payable at the Town Treasurer’s Merchants’ National Bank in Boston.
oflice; on aft other loans at the Nat. Bank of the Republic, Boston, Mass.
T O T A L D EBT, SINKING FUNDS, Et c Deo. 1, ’98. Deo. 1, ’97. Deo. 1, ’96. Dec. 1, ’95
Total
bonded debt___$8,045,000 $6,735,000 $5,315,000 $5,070 000
W H I T M A N . — This town is in Plymouth County.
2,204,460
2,383,735
Sinking funds............. 3,204,932
2,785,314
LOANS—
When Due. Tax valuation, real.......$3,131,461
Tax valuation, person’l. 477,315
School B onds—
Net d e b t............... $4,840,068 $3,949,686 $2,931,265 $2,865,540
.............. $ 22,000 ...................................... Total valuation 1898... 3,608,776 Water & park debt
Assessment same as actual value.
So. A bington W ater B onds(inc.
above).....................................$2,775,000 $2,225,000 $2,175,000 $2,050,000
48, M&S. $100,000.................. 1912 Tax valuation 1 8 9 0 ___ 3,104,640
The sinking fund receives yearly a sum sufficient with accumulations
Tax rate (per $1,000) ’98___ $19*40
Int«-rest payable in Boston.
of
interest
on sinking fund investments to retire entire debt at matur­
Total debt May 1 , 1898..$154,750 Population in 1890 was........ 4,441
Sinking funds, etc............ 26,666 Population in 1897 was.........5,978 ity. In 1898 $215,400 was paid into sinking funds other than the
water bonds sinking fund.
C IT Y PROPERTY. —The city owned property in 1898 valued at
W I L L I A M S T O W N . — W. B. Clark, Treas'r.
$7,913,214, including water works costing $3,282,195. Receipts from
water
assessments in year 1897-98 were $248,750 68 ; maintenance,
This town is in Berkshire County.
$40,855; interest on water loans,$94,250; paid to sinking fund, $10,500.
LOANS—
When Due. Tax valuation, real........ $2,442,130
ASSESSED VALU ATIO N .—The city’s assessed valuation and tax
Tax valuation, pers’l....
372,338
R efunding Notes—
33ts, F&A, $30,000.......1899-1913 Total valuation 1898... 2,814,468 rate have been as follows, real estate being taken at “ its full and fair
cash
value ” :
Assessed
valuation
85%
actual
val.
($2,000 yearly on Aug. 1.)
Rate o f Tax
Personal
3%s, F&A. $31,000___Aug., 1907 Total tax (per $1,000) ’98..$18*60
Property.
Total. per $1,000,
Years.
Real Estate.
Population
in
1895
was........
4,886
Cemetery loan, 5s, $7,500.On dem.
$16*20
$19,638,000 $100,898,650
Total debt Aug. 1 ,1 8 9 8 ... $66,500 Population in 1890 was........ 4,221 1898..................... $81,260,650
14*80
97,345,200
1897.................... 78,501,750
18,843,450
IN TE R E S T is payable in Boston.
15*60
90,689,700
15,703,250
1896.................... 74,986,450
15*40
16,939,866
88,044,516
1895.................... 71,104,650
5 THOMASS. SPURR, Treasurer.
15*60
15,633,010
73,452,266
1890.................... 57,819,250
W I N C H E S T E R . — |g . H. CARTER, Cierk.
In 1898 tax rate includes : State tax, $0*31 ; county tax, $0*87 ; city
This town is in Middlesex County.
$15*02; total, $16*20.
Average assessed valuation for three years, 1896 to 1898 inclusive,
LOANS —
When Dae.
LOANS*?When Due.
was $96,311,183, andfor three years,’ 95 t o ’ 97, inclusive. $92,479,700.
Water BondsP layground B onds—
43, ........ $50,000. .Dec 1, ’ 15 to ’ 24 48, Yar’s, $342,000... 1899 to 1926
P OPULA TIO N. —Population in 1895 was 98,687; in 1890 was
(Part due each year.)
($5,000 due yearly.)
84,655; in 1880 was 58,291; for 1899 is estimated at over 112,000.
4s, J&D, $33,000___June l , ’ 26-’28
School L oans—
4 s , ......... $. 5,000.Nov.,’99 to 1901 Total debt May 1,1898.. $521,500
Float’g debt (included)..
31,500
A D D IT IO N A L
STATEM EN TS.
($5,000 due yearly.)
Water works, value........ 330,000
Sew er B ondsIn the table below we give statements regarding all towns in the
48, ____ $30,000............1917-1922 Tax valuation, real........ 6,948,530 State of Massachusets which have reported an indebtedness o f over
Tax valuation, personal.l,015,310 $25,000, and which are not represented among the foregoing. We add
($5,000 due yearly.)
4 s ,........ $50,000..Dec. 1,’ 18 to ’ 22 Total valuation 1898___7,963,840 the population according to the Massachusetts Census of 1895.
Assessment about % actual value
($10,000 due yearly.)
Total
Assessed Tax
Popu$16*30
4 s , ..........$20,000.. Dec. 1, ’ 23-’ 24 Tax rate (per $1,000)’98.
Loeation.
Debt. Valuation. Rate.
lation.
Population in 1895 was.
■6,146
“ ‘“
($10,000 due yearly)
Billerica,
Middlesex
Co..............
$150,160
$1,841,914
$16*80
2,577
Population
in
1890
was.
4,861
H ighway Bonds—
16*80 6,039
3,802 Blackstone, Worcester Co........... 37,337 2,660,380
4s, J&D, $14,000............1902-1904 Population in 1880 was.
Bourne,
Barnstable
Co................
50,485
1,996,200
13*20
1,580
($5,000 Dec. 1, 1902; $2,000 in
Chatham (T.) Barnstable C o ___ 35,837
838,275
17*00 1,809
1903 and $7,000 in 1904)
Cohasset, Norfolk Co.................. 52,500 4,797,620
9*85 2,474
16*30 1,038
Cottage City, Dukes Co............... 30,100 1,674,600
W I N T H R O P .— This town is in Suffolk County.
Deerfield, Franklin Co................ 47,043 1,298,110
11*50 3,007
28,122 1,058,861
17*50 2,026
When Due. Total debt M ayl, 1898.. $161,691 Douglas, Worcester Co........... .
LO AN S10*25 2,443
Tax valuation 1808.........6,376,450 Dracut, Middlesex Co.................. 30,000 2,066,720
T own B onds—
12*50 4,612
$15*60 Great Barrington, Berkshire Co. 65,968 3,418,954
.1907 Tax rate (per $1,000)’ 98.
5s, ........ $34,500
7*30 1,356
Population in 1896 w as.........3,889 Hamilton, Essex Co........ ............ 29,450 1,910,165
N otes*“
3%s, 4s & 5s, $67,400...1897-1905 Population in 1890 w as.........2,726 Hampshire Co............................... 84,900 31,358,318 ........... 54,710
Hardwick. Worcester Co............. 30,000 1,523,885
14*00
2,655
Hatfield, Hampshire Co............. 50,000 1,027,449
13*00
1,262
t t t \t~>t t j—
>
__ 5 W. T. DAVIS, Mayor.
Hingham (T.) Piymouth Co . ... 46,000 4,021,732
14*50
4,819
W O R U R IN .— <ALBERT P. BARRETT, Auditor.
Hinsdale, Berkshire Co............... 30,000
559,780
17*30
1,650
This city is in Middlesex County.
Hull, Plymouth Co....................... 162,027 3,799,939
17*20
1,044
Kingston, Plymouth Co............... 40,000 1,389,235
10*00
1,746
F ire D epartment L oan—
LOANS—
When Due.
12*10
2,180
A lmshouse and Court H ouse4s, J&J, $2 ,50 0.......... July 1,1899 Lancaster, Worcester Co............. 43,500 3,095,428
16*40
3,239
48, M&N, $8,00 0 .... Sept. 1, 1899 ($500 due yearly to) July 1,1903 Leicester, Worcester Co............. 58,992 2,197,332
Lenox, Berkshire Co.................... 25,000 3,623,690
15*40
2,872
<$2,000 due y’rly) to Sept. 1,1902

Assessment is 45 actual value.
Total debt JaD. 1,1899. $203,300
Water debt (included).. 122,000 Total tax (per $1,000) *98.. $16*40
51,916 Population m 1896 w as........5,235
Sinking fund..................
Tax valuation 1898___ 2,815,570 Population in 1890 w as........5,195




flttODt ISLAND—DEBT Of STATE.

April, 1899,

Total
Location.
Debt.
Long Meadow (T.l Hampden Co. $38.500
Mansfield, Bristol Co.................... 39,700
Millbury, Worcester C o............... 49,600
45,000
Millie, Norfolk Co.....................
Milton, Norfolk Co........ ............. 221,428
Nab ant, Essex Co........................ 26,403
Nortlibridge, Worcester Co........ 30,200
Palmer, Hampden Co.................. 26,379
Pepperell (T.) Middlesex Co....... 37,000
Plymouth (T.) Plymouth Co....... 195,920
Rockport, Essex Co..................... 138,000
Rutland, Worcester Co................ 37,500
Scituate, Plymouth Co................ 70,500
Sharon, Norfolk Co....................... 72,100
South Hadley, Hampshire Co__ 59,727
Stoughton, Norfolk Co................ 265,000
Upton, Worcester Co.................... 35,780
Uxbridge? Worcester Co............... 37,000
Westport, Bristol Co................... 43,204
Wilmington, Middlesex Co........ 29,600
Winohend on, Worcester Co........ 102,452
Wrentham, Norfolk Co................ 36.968
Yarmouth, Barnstable Co........... 29,000

Assessed
Valuation.
$705.590
1,922,406
2,266,301
753,415
19,722,490
4,835,958
3,198,566
2,726,691
2,155,589
6,942,225
2,706,690
574,821
2,529,226
1,810,575
2,080.964
2,954,849
1,024,999
2,239.915
1,550,150
1,064,851
2,455,829
1.479,689
1.583,571

Tax
Bate.
$9-50
2100
19 0 0
16-60
900
8-00
12-40
19 TO
13 00
17-20
18-50
16-50
13-00
12-00
1900
2000
17-50
17-40
18-80
14 0 0
20 0 0
15-30
11-50

Population.
620
3,722
5,220
1,006
5,518
865
4,603
6,858
2,348
7,958
5,289
980
2,246
1,717
4,463
5,272
J,878
3.546
2,678
1,420
4,390
2.584
1,655

State of Rhode Island.
ITS

D E B T , R E SO U R C ES, E T C .
Admitted as a State
.
.
.
One of Original Thirteen
Total area of State (square m i l e s ) ........................................ 1,085
State Capital
.
.
.
.
Newport and Providence
Governor (term expires last Tues. May, 1900),
Elisha Dyer
Sec. of State (term exp. last Tues. May, 1900),
C. P. Bennett
Treasurer (term expires lastjTues. M ay,1900), W a lter A . Read
Legislature meets annually the last Tuesday in May at New port, and holds an adjourned session the following January at
Providence. There is no limit as to the length of session.

H ISTOR Y OF DEBT.—For a brief history of the Rhode Island
State debt see State and Cit y S upplement of April 13,1895, page 33.
the bonds outstanding at present are described as follow s:
LO AN S.— Interest.— >
.. Principal.
-%
NAME AND PURPOSE.
Bate. Payable. When Due. Outstand'g.
Jan. 1,1904 $300,000
State House loan,1894............. S^g.J & J
do
do 1894............. 3^g.J & J Jaa. 1,1914
400,000
do
do 1894............. S^g.J & J Jan. 1,1924
400,000
400.000
do
do 1894............. S^g.J & J Jan. 1,1934
do
do
1 8 9 8 .. . . . . 3g. A & O July 15,1938
800,000
PAR VALU E O F BON DS.—The bonds are for $1,000 each.
TA X FREE.—Bonds of the State House loan are tax exempt.
IN TE R E S T is payable in Providence at the Rhode Island Hospital

Trust Company on all loans except that due in' 1938, which is payable
at the Industrial Trust Co., Providence.

T O T A L DEBT, SINKING FUNDS Et c . January 1—
1899.
1898.
1897.
1895.
Total funded d e b t....$2,300,000 $1,500,000 $1,517,000 $ 1 ,517,000
Sinking funds.............
255,089
209,422
150,000
118,667
Net debt. ............. $2,044,911 $1,290,578 $1,367,000 $1,398,333
The sinking fund is largely invested in city, town and district
bonds and notes, and it is to receive $50,000 yearly.
TA X VA LU A TIO N . —The assessed valuation of real estate in
Rhode Island in 1898 was $308,967,317; personal property, $81,915,.
263 ; total $390,912,580. Tax rate (per $1,000) in 1898 was $1-80.
POPULATION OF S T A T E .—In 1790, 68,825.

1 8 9 5 ................ 384,758
1890............... 345,506
1885................ 304,284
1880............... 276,531

1870...............
1860...............
1850...............
1840...............

Since then:

217,353
174,620
147,545
108,830

I 1830................ 97,199
I 1820................ 83,015
I 1810.................. 76,931
I 1800................ 69,12
MUNICIPAL INDEBTEDNESS LIM ITA TIO N S.— Thereis nothing
in the Constitution of Rhode Island limiting the amount of city debts.
The following, however, are two sections taken from Title 7, Chapter
36 (page 157) of the Revised Statutes of the State of 1896. Since 1878
these provisions have been in foroe, and consequently 3 per cent of the
taxable property has been the limit of the power of each town (which
includes city) to create debt.
Section 20. “ The outstanding notes, bonds and contracts of towns,
shall be paid and be fulfilled according to the tenor thereof, and all
public worxs now authorized to be prosecuted shall be prosecuted, and
all indebtedness now authorized to be incurred on account ISiereof may
be inourred according to the tenor of the authority therefor.
Section 21. No town shall, without special statutory authority
therefor, incur any debt in excess of three per centum of"the taxable
property of such town, including the indebtedness of such town on
the tenth day of April, one thousand eight hundred seventy-eight, but
the giving of a new note or bond, for a pre-existing debt, or for
money borrowed and applied to the payment of such pre-existing debt,
is excepted from the provisions of this section, and the amount of any
sinking fund shall be deducted in computing such indebtedness.”
A proposed new constitution, containing certain limitations as to
State and other debts, failed of adoption at the November election in
1898, but i s again to be submitted to popular vote the present year.

SAVINGS BANK IN VESTM ENTS AND RESTRICTIONS.— In
the Revised Statutes of Rhode Island (which were revised in 1896),
Sections 54, 55, 56, etc., of Chapter 178, Title 19 (on page 548), will be
found the provisions of law with reference to Savings Bank Invest­
ments. Section 54, which recites in detail the stocks, bonds, etc., these
institutions are allowed to put their money in is as fol o w s :
Section 54. Institutions for savings shall invest their receipts—
(1) In public stocks or bonds of any State or of the United States,
(2) Or in any bank stock, or in notes or bonds of any town or city,
(3) Or in notes of any school district or fire district in any New E n g­
land State.
*
6
(4) Or in such corporate stocks or bonds as they may deem safe and
secure,
(5) Or they may discount notes, bonds or drafts of individuals or cor­
porations, with two other responsible endorsers, sureties or guarantors,




31

(6) Or the notes, bonds or drafts of individuals or corporations secured
by the public notes, stocks or bonds of any State of the United States,
or of any town or city or o f any school district or fire district in any
New England State, or by the stock or bonds of any corporation which
may be deemed to be safe, or by mortgage on real estate.
Concerning Sections 55 and 56, the first appears to give savings
Institutions quite extensive powers as to making and keeping deposits
in commercial banks. When so kept, however, they are to be kept
"p ayable on demand whether drawing interest or not.” The two
sections are subjoined.
Section 55.—N o such institution shall have an amount exceeding
one-half of its receipts invested in notes, bonds or drafts of individuals
or corporations, unless secured by some public notes, bonds or stocks as
aforesaid, or by mortgage on real estate: but the preceding section shall
not be so construed as to forbid any such institution from placing and
holding on deposit in any bank such reasonable amount of their re­
ceipts as is customary and they may deem proper, payable on demand,
whether drawing interest or not.
Section 56.—No money shall be loaned by any institution for sav­

ings to any trustee, director or other officer of such institution.
For the other provisions of the law as they now are we would refer
our readers to the Revised Statutes of 1896.

C it ie s , C o u n t ie s a n d T o w n s
IN

STATE

OF

RHODE

IS L A N D .

B R I S T O L . . — G e o r g e H . P e c k , Treasurer.
This town is the capital of Bristol County.
LOANS—
When due. Tax valuation, personal$l,285,100
T ow n N otes—
Total valuation 1898... 5,505,700
4s, J&J, $101,450.......... 1900-1902 Assessment about 7q actual value.
Short term notes.................$33,550 Town tax (per $1,000) 1898.$1U70
Total debt Feb., 1899.........135,000 Population in 1890 was........5,*78
Tax valuation, real......... 4,220,600 Population in 1895 was........6,730
IN TE R ES T on all town loans is paid in Bristol, R. I.

B U R R I L L V I L L E . — P. 0 . H a w k i n s , Treasurer.
This town is situated in Providence County.
LOANS—
When Due. Total debt Feb. 1, 1899,. $111,500
H ig h w a y I mp. B onds-

48, g., J&J, $50,000g.Jan. 1,1907
(Part due everv five years) to 1922
Interest at 3d Nat. Bk., Boston.
Bonded debt Feb. 1 5 ,’99..$50,000
Floating debt..................... 61,500

sinking fund assets.......
17,605
Tax valuation, real.........2,3 8,425
Tax valuation, pers’l ___1,053,850
Total valuation 1 89 8 ___ 3,432,275
Tax rate (per $1,000) '9 8 ...$ 10 -0 0
Population in 1890 w as.........5,492

PTTIVT'T L ) a T nr A T T C
5HENRYG.THRESHER,Mayor,
O rL lN 1
r A L L O . — ¿ c . A. REYNOLDS,Treasurer.
This city, recent'y organized, assumed the debt of the old fire district
(which is now a part o f the city) and a part of the debt of the town of
Lincoln. Property consisting of land, buildings, water and sewer
equipment to the value o f $564,000 is owned by the city.
Central Falls is in Providence County.
LOANS—
When Due. Bonded debt Jan.l5,1899.$448,540
F i r e d [strict B onds—
Water debt (included)___ 100,500
4^28, g., M&N, $84,000..’99 to 1919
The city has no floating debt.
($4,000 due yearly on May 15.)
Tax valuation, real...... $6,657,285
.................. $12,500.................. 1900 Tax valuation, person’l 1,581,600
T own op L incoln Bonds—
Total valuation 1898... 8,238,885
. . , ____ $118,650 $3,390 each J&J Tax rate (per M.) ’98 ........... 15-00
Cit y B onds Population in 1895 w as__ 15,828
48, J&D, $230,000g.Dec. 1,’99 to ’ 21 Population 1897 (est.) over.16,000
($10,000 due yearly.)
IN TE R E S T is paid at Industrial Trust Company of Providence.

C R A N S T O N .— This town is in Providence County.
LOANS—
When Due. |Sinking fund Apr., 1897
$27,281

G old B onds—
, Assessed valuation,real 9,767,965
4s, g, $150,000, g .....................1922 ' Assessed valuat’n, pers. 1,235,350
4s, g, 100,000, g.-..A ug. 15,1925 I Total valuation 1897...11,003,315
4s,g,F&A$135,000,g.Aug. 1, 1929 |Tax rate (per $1,000) 1898..11-00
4 s , ........ 150,000, g ............... 1937 I Population in 1895 was....... 10,575
Bon led debt Jan. 1, ’98 $535,000 |Population in 1890 was....... 8,099

C U M B E R L A N D .— This town is in Providence County.
$7,000
LOANS—
When Due, Sinking fund....................
F unding B ondsNet debt Jan. 1,1898___ 182,000

48, J&J, $65,000.........Jan. 1,1900 Tax valuation, real..........5,424,000
($5,000 due yearly) to Jan. 1,1912 Tax valuation, personal.2,166,000
T ow n H ouse B onds—
Total valuation 1897....... 7,590,000
4s, J&J, $30,000........July 1,1899 Assessm’t ab’t 9-10 actual value.
($2,000 due yearly) to July 1,1914 State tax (per $1,000)............ $1*80
Interest payable m Providence.
Town tax (per $1,000)............ 7-20
Bonded debt Jan. 1,1898.$104,000 Population in 1895 was......... 8,507
Floating debt.................... 85,000 Population in 1890 w as.........8,090
Total debt.......................... 189,000 Population in 1880 was......... 6,445

E A S T P R O V I D E N C E . — D a v i d S .R A Y ,T reas.
This town is in Providence County.
LOANS—
When Due. Bonded debt Mar. 1, ’99.. $345,000
T ow n (Coupon) B onds—
Other liabilities.................... 59,599
4s, J&D, $100,000...$5,000 yearly Total debt Mar. 1, ’ 99....... 404,599
Gold B onds (reg.), 1893—
Valuation, real.................7,566,648
4s, g., J&J, $25,000...July 1,1923 Valuation, personal........ 718,642
4s, g., J&J, 60,000...July 1, 1933 Total valuation 1899...... 8,285,290
4s, g., J&J, 60,000...July 1,1943 Tax rate (per $1,000) ’99....$12-50
Gold F unding B onds—
Population in 1895 w a s ___10,170
4s, g , ...... $100,000... 1922 &1947 Population in 1890 w as....... 8,422
($50,000 in ’22 and $50,000 in ’47.)
INTEREST on the town bonds is payable at Blake Bros. & Co., Bos­
ton; on gold bonds at the Rhode Island Hospital Trust Co., Providence.

E a s t P r o v i d e n c e F i r e D i s t r i c t .— Providence co’ty.
The water-works system of this district has been purchased by the
East Providence Water Company, subject to the outstanding debt of
the district.
LOANS—
When Due. I 413s,g., J&J,$100,000,g. J’ly 1,1932
4*28,g., J&J,$15,000,g.July 1,1907 Total debt Feb 1,1899. $200,000
4Ljs,g.,J&J, 35,000,g.July 1,1917 I Tax valuation............... 4,162,301
4*23,g., J&J, 50,000,g.July 1,1922 |Real value (estimated). 5,250,000
IN T E REST is paid by the Industrial Trust Co., Providence, R. I.

STATE AWE CITY SUfflEMETiT*

32
J O H N S T O N .—

r This town is in Providence County. On June 1,1898, a portion of
this town, representing about five-sevenths o f the assessed valuation,
was annexed to the city of Providence. The commission appointed to
apportion the debt to be assumed by the city of Providence report that
the city’s share of the net debt is $255,720‘64, leaving_$101,677-48 as
the town debt remaining. Bonds Nos. 1 to lOO and 151 to 191 (all in­
clusive) remain as an obligation of the town of Johnston, and interest
will be paid when due by the Union Trust Co. as usual. The debt given
below is for the old town prior to division.
LOANS—
When Due. Net debt June 1,1898...$357,398
G un. I mp. & R oad B onds.—Gold. Tax valuation, real........ I,* 58,090
4s, g., F&A, $50,000g.Feb. 1,1907 Tax valuation, personal. 451,600
4s, g., F&A, 100,000g.Feb. 1,1912 Total valuation 1898___2,107,690
4s, g., F&A, 100.000g.Feb. 1,1917 Assessment about \ actual value.
Bonded debt June 1, 98..$250,000 Town tax (per $1,000) ’98..$13-00
Floating debt June 1, ’98. 154,18« Population in 1895 was.i l , 203
Total debt June 1, ’98___ 404,189 Population in 1890 was. 9,778
Sinking fund June 1, ’98. 46,791 Population in 1880 was. 5,765
IN TE R E S T is payable by the Union Trust Company, Olneyville.
t

r-KT^z-^r x r

<ALFRED E. SHERMAN. Treasurer.

L I I N C O L N . — ( CHARLES F. EASTON, Clerk.

This town is in Providence County.
LOANS—
When Due. Assessed valuat’n, real.$3,235,980
912,100
4s, g. A&O, $125,000..Oct. 15, ’ 28 Assessed valuat’n.per’l.
Bonded debt May 1,1898..$59,570 Total valuation 1898... 4,148,080
I
Population
in
1895
w
a
s...
..8,350
Floating debt..................... 113,500
Total debt May 1 ,1 89 8 .. .173,070

N A R R A G A N S E T T P I E R . — E. S. T aylor ,
District Treasurer.— Narragansett Pieris in Washington Co.
LO AN SWhen Due. Total debt Jan. 1,1899.. $173,500
I mprovement B onds—

4s, M&N, $100,000....May 1,1919
Interest payable in New York.
Bonded debt Jan. 1, ’99.. $100,000
floa tin g debt..................
73,500

Town has no water debt.
Tax valuation, real........ 3,409,765
ITax valuation, personal. 255,400
I Totai valuation 1898___ 3,665.165
I Total tax (per$l,000)’98
7‘50

5 PATRICK J. BOYLE, Mayor,
i JOHN S. COGGESHALL, Treasurer.
Newport is situated in the county of the same name.
Sew er B onds—
Whin Due.
LO ANSWhen Due.
4s, M&N,$35,000........Nov. 1,1916
4s, J&J. $40,000.......Jan. 1,1928
4s, F&A, 98,000....... Feb. 1,1918
City H ale & I mp. B onds—
Sew e r and Street I mprovem ’ t .
4s, M&N, $153.000..May 15,1948
I ndustrial Sch . and Consol.— 4s, A&O, $ 7 0 ,0 0 0 ....Apr. 15,1921
4s, M&N, $146,000..May 15,1923 Bonded debt Jan. 1, ’ 99 $744,000
104,150
Sinking fund..................
Pa r k B onds639,850
48, ........ $40,000..Feb. 15,1927 Net debt Jan. 1,1899...
Assessed valu’n, r e a l...30,952,900
P ublic I mprovements—
4s, M&N, $100,000 g.May 1,1925 Assessed valu’n, pers’l. 6,564,600
Total valuation 1898... 37,417,500
School H ouse— .
4s, M&S, $30,000........ Mar. 1,1905 Assessment about aotual value.
Tax rate (per $1,000) *98___ 10-00
4s, J&D, 16,000......Deo. 1 , 190H
4s, J&J, 16,000..... July 15.1909 Population 1895.................. 21,537
4 s ,.....
40,000..... Jan. 1, 1928 Population 1890.................. 19,449
INTEREST is payable at Newport, except on the industrial School
Loan, which is payable at the Bay State Trust Co., Boston.
C IT Y PRO P ER TY. —The city owns real estate valued by tax assess­
ors at $488,022; other property, $183,398.
Limit of indebtedness, 3
per cent of valuation.

N E W P O R T ,

N O R TH

P R O V ID E N C E .

-J. Ogden, Treas.

This town is in Providence County.
LOANS—
When Due. Assessed val’tion, real.$1,284,613
319,9< 0
4 A ........, $50,000....Dec. 15, 1912 Assessed val’tion, per’l.
Bonded debt Feb. 1 ,1899..$50,000 Total valuation 1898... 1,604,513
Assessment about actual value.
Floating d e b t..................... 52,000
Total debt Feb. 1 , 1899.-.102,000 Total tax (per$i,000) ’98...$10 50
Sinking fund....................... 7,875 Population in 189<* was __ 2,084
Net debt Feb. 1,1899........ 94,125 Population in 1899 (est.) .. 3,000
i—% a TTTrpT

U 'T ’
SWILLIAM J. CRONIN, Mayor.
I U U l V J i I .— £ FRANK M. BATES, Treasurer.
Pawtucket is in Providence County.
LOANS—
When Due. 4s, J&J, $175,000 g .. July 1.1934

J -'A . W

General D ebt B onds-

48, J&J, $150,000 g..July 1,1915
4s, J&J, 350,000... .July 1,1899
($50,000 every 5 yrs)toJuly 1,1929
4s, A&O, $600,000 g..A pr. 1,1923
4s, J&J, 300,000 g .. July 1,1934
4s, . . . . , 300,000 g ...J u ly 1,1936
4s....... . 175,000g ..M ay 1,1937
Sew er B onds 1893—

Se w e r B onds—(Con.)

4 s , .. . . ,

225,000 g .May 1,1937

W ater B onds-

48, J&J, $600,000 g..J u ly 1,1910
4s, J&J, 400,000___July 1,1919
4s, J&J, 125,000 g..J u lÿ 1,1934
4 s , .. . . , 100,000 g..,M ay 1, 1937
Population 1890 was........... 27,633
Population 1895 was............32,577

4s, A&O, $400,000 g..A pr. 1,1923
IN TE R E S T is payable at Nat. Bank of Redemption, Boston.
T O T A L D EB T, Et c .—The bonded debt on October 1, 1898, was
$4,101,000; floating debt, $594,820; total debt, $4,695,820; sinking
fund, $487,529; net debt, $4,208,291. Of this amount $1,111,360 was
for water.
ASSESSED VALU ATIO N in 1898 of real estate was $28,242,400;
personal property, $5,113,800; total, $33,356,200; tax rate per $1,000
for 1898 is $16-50. In 1882 the total valuation was $16,267,764.

Vol. LXV1I1

-Principal.,-----Interest.------ LOANS_ AND PURPOSE.
_
Rate. Payable. When Due. Out-stand'g.
NAME
Water loan. . . . . . . . . 7.1871. c&r 6g. J & J July 1, 1900 $820,000
do
....................... 1872.o&r 5g. J & J
July 1, 1900 1,180,000
do
.......................1874.c&r 5g. J & J July 1, 1900 2,000,000
do
....................... 1876 c&r 5g. J & J July 1, 1906 1,500,000
do
.......................1886.o&r 3iflgM & S Sept. 1, 1916
483,000
do
.......................1893.c&r 4g. A & O
Apr. 1, 1923
817,000
......................1896.. . . r 4g. J & D June 1, 1926
200,000
do
do
......................1897.c&r 4g. A & O
Apr. 1, 1927
250,000
Highway loan............ 1894.c&r 4g. M & N May 1, 1924 1,200,000
do
d o .............1897.c&r 4g. A & O
Apr. 1, 1927
500,000
J ohnston B onus—

School Dist. No. 15.1894..o ..4 s ................ Oct, 1,1909,
25,000
do
do
1894,.o ..4 s ................ Oct, 1,1924,
30,000
School Dist. No.
1.1897..o ..4 s ................
Nov. 1, 1927,
17,000
Town bonds,
1892..o ..4 s ...............
Feb. 1,1912,
50,000
do
do
1894..c ..4 s ...................
Feb. 1,1917,
59,000
DENOMINATIONS OF BONDS .—The coupon bonds are Jor $1,000
the registered bonds for $1,000 and multiples of the same. All coupon
bonds are transferable into registered bonds at the option of th- holder.
INTEREST on the bonds Is payable as follow s:
Title o f Loan
Interest, where payable.
City Hall and sewer 4s, due 1899.. Boston, Eliot Nat. Bk., and Prov.
Davis estate loan, due 1909......... N. Y., Nat. City Bank, and Prov.
Park loan........................................ N. Y., Nat. City Bank, and Prov.
Public improvement loans............Providence, City Treasury.
School loan, due 1911 and 1927.. .N. Y., Nat. City Bank, and Prov.
do
due 1925....................Providence, City Treasury.
Sewerbonds....................................N. Y., Nat. City Bank, and Prov.
Water 6s, due 1900........................ Providence, City Treasury.
do 5s of 1872, due 1900........ Boston, Eliot Nat. Bank, and Prov.
do 5s of 1874, due 1900....... N. Y., Nat. City Bank and Prov.
do 5s, due 1906........................New York, Nat. City Bank, & Prov.
do 3*08, due 19 1 6.....................
do
do
do 4s, due 1923 .....................
do
do
do 4s, due 1926 and 1927.. .Providenoe, City Treasury.
Highway, due 1924 and 19 2 7....N. Y., Nat. City Bank and Prov.
Johnston school bonds................In du strialT rust Co., Providence.
Johnston town bonds.....................Union Trust Co., Providence.
T O T A L DEBT, SINKING FUNDS, ETC.-The subjoined statement
shows the total municipal debt of Providence (including that assumed
by annexing a portion of Johnston), the sinking fund held by the city
against the same, the water debt, and the oity’s floating debt on the
dates given.
Mar. 1,1899. July 1,1898. July 1,1897.
Bonded debt (incl. water d’t).$17,241,000
$16,860,000
$16,860,000
Floating d eb t......................... 1,140,616
1,070,387
451,692
Total debt........................$18,381,616
Sinking funds, etc................
4,499,212

$17,930,387
4,104,021

$17,311,692
3,6b7,981

Net debt................................ $13,«82,4 04 $13,826,366
$13,623,711
Waterdebt (included above). $7,285,000
$7,250,000
$7,250,000
The debt of the city of Providence, less the sinking fund and water
debt, is 3-63 per cent of the assessed valuation of the city.
The notes representing the floating debt on March 1,1899, were all
held by the Commissioners of the Sinking Funds and were issued for
and are chargeable to the following accounts:
Sewerage......................................................................................... $225,000
Special Highway loan....................................................................
75,000
Weybosset Bridge and river walls..............................................• 221,500
Davies Park land and improvement...........................................
34,000
15,000
Blackstone Park improvement loa n :.........................................
School-houses, etc.......... ................................................................ 300,000
19,558
Casino........ .......................................................................................
Central Office Fire Alarm ............................................................
24,558
26,000
Davies Park improvement loan account............
Water-works construction..............................................
35,000
Johnston A n nexation ................................................................... 165,000
T otal.............................................................................................. $1,140,616
SINKING FUNDS.—Hy city ordinance all sinking fund income is
required to be invested in the city’s bonds or notes, in State of Rhode
island bonds, or in United States bonds. The city’ s bonds to be can­
celed to prevent re-issue.
The loans, for the redemption of which sinking funds are held by the
oommissioners, and the amounts of the sinking funds Jan. 1 ,1 8 9 9 ,
are shown by the following table :
City hall and sewer loan, due in 1 8 9 9 .................................... $616,994 02
Public improvement loan, due in 1899........................ - ........
439,635 18
Public improvement loan, due in 1900..................................
130,083 54
Public improvement loan due in 1937....................................
16,635 05
Water loans, due in 1900............................................................ 1,124,552 57
Water loan, due in 1906..............................................................
254,787 84
Water loan, due in 1916..............................................................
100,805 88
Water loan, due in 1923............................................................
54,704 08
Water loan, due in 1926.......
31,509 81
Water loan, due in 1927............................................................
37,522 68
Davis estate loan, dne in 1909.................................................
2 J,921 37
School loan, due in 1911............................................................
127,‘¿75 15
School loan, due in 1925............................................................
69,466 79
School loan, due in 1927............................................................
93,799 68
Sewer loan, due in 1921..............................
235,737 10
Sewer loan, due in 1922..............................................................
133,159 70
Sewer loan, due in 1923...................... .......................................
99,435 10
Sewer loan, due in 1925............................................................
171,671 25
Sewer loan, due in 1926.............................................................
105,236 90
Sewer loan, due in 1927............................................................
58,096 09
Sewer loan, due in 1928.................................................
19,396 02
Park loan, due in 192 2 ..............
134,079 62
Park loan, due iu 1947...............................................................
11,625 54
Highway loan, due in 1924.......................................................
294,680 26
Highway'loan, due in 1927.......................................................
102,092 17
Johnston 8chool District No. ) 5, loun due in 1909...........
4,239 46
Johnston School District No. ^5. loan due in 1924...........
1,989 36
Johnston School District No. 1, loan due in 1927.............
732 66
Johnston loan due in 1912 and 1 9 1 7 ....................................
................
Johnston School District No. 11.............................................
346 53

q q f T l / ’ T 'n i 7 M C 1 7
5 WILLIAM C. BAKER, Mayor,
i r l r t v j V l U H i i N O I L . — i d , L. D. GRANGER. Treasurer.
The city is situated in Providence County, which has no debt. On
June 1,1898, a portion of the town of Johnston, representing about
five-sevenths of the assessed valuation, was annexed to the city of
Providence, and the latter was to assume $255,'? 20 64 of the net debt
of the old town of Johnston.
BUiCEIWLOANS —
------ Interest.----- . ,— -----Principal,-----------Total sinking funds Jan. 1 ,1 8 9 9 .................................... $4,499,212 00
NAME AND PURPOSE.
Rate Payable. When Due. Outstand’g.
City Hall and sewer.1879.c&r 4 ^ J & D June 1, 1899 $600,000
W A T E R W O R K S. —The water works construction account to Oct.
Davis estate loan.... 18^1.o&r 4g. J & J July 1, 1909
75,000 1, 1898, amounted to $6,8 8.518 03. In year 1897-98 income from
Park lo a n ..................1892.c&r 4g. M & S Mar. 1, 1922
500,000 water rents, etc., was $52 ¿,677 7 4 ; cost of maintenance $84,123 76 ;
1897....r
8 97 ....r 3Ljg.M
674,000 interest on water loans, $350,915 56; surplus, $88,638 42.
do
............ __ .1
_ &
. N
_ May
_ . 1,_ 1*47
450,000
Public improvement.1879.... r
ASSESSED VALUATION .—The valuation and tax rate have been as
1880... r 5
J & J July 1, 1900
146.000 follows,
do
do
real estate being assessed at “ about two-thirds cash value
640.000
1897 .. r 3i«g.M & N May 1, 1937
do
do
,------------ Assessed Valuation------------------ > Tax per
Amount
300.000
.1891.c&r
8 9 1 .c&r 4g. J & J July 1, 1911
School loan.......... ....1
Years.
Real
Personal
Total
$1,000.
o f Tax.
do
...................... 1895.c&r 4g. M & N May 1, 1925
300.000
500.000 1898.$142,430,200 $39,127,920 $181,558,120 $16 50 $2,995,708 98
do
...................... 1897.c&r 4g. A & O April 1, 1927
1897.
135,805,460
38,237,020
174,042,480
16*50
2,871,700
92
Sewer loan............... 1891.o&r 4g. J & J July 1, 1921 1,125,000
40,936,300 174,232,500
1650
2,874,836 25
.1892.c&r 4g. M & S Mar. 1, 1922
500,000 1896. 133,296,200
do
1895.
129,438,060
40,346,500
169,784,560
1
6
0
0
2,716,552
96
.1893.c&r 4g. A & O April 1. 1923
500.« 00
do
35,932,620
140,617,060
15-00
2,109,255 90
.1895.c&r 4g. M & N May 1, 1925
800,000 1890. 104,684,440
do
27,908,900
115,921,000
13-50
1,564,933 50
.1896.c&r 4g. J & D
June 1, 1926
500,000 1880. 88,012,100
do
1870.
52,511,800
40,565,100
93,076,900
13-50
1,256,53815
.1897.C&r
4g.
A
&
O
April
1.
1927
30<
,000
do
21,042,000
58,131,800
5-60
325,538 80
.1898.C&r 3»ag.A & O April 1, 1928
200,000 1860. 37,089,800
do




COU!£CÎICOT— B E S T ÛE STATE
The tax rate in 1898 included State tax o f $1*80 and city tax $14*70.
POPULATION— The population for 1898 is estimated at 166,000
In 1890 it was 132,043; in 1880 it was 104,856; in 1870 it was 68,904.

3 3

T O T A L DEBT, Et c -

Oct. 1,1898. Oct. 1,1897. Oct. 1,1896. Oct. 1 ,1895.
Total funded d eb t....$3,240,100 $3,240,200 $3,240,200 $3,240,200
Civil list funds..........
463,891
123,028
290,734
518,764

SO U TH

K I N G S T O W N . — J. A . A l l e n , Treas.
Net debt...............$2,776,209 $3,117,172 $2,949,466 $2,721,446
This town is in Washington County.
ASSESSED V ALU A TIO N .—Assessed value formerly about 50 per
LOANS—
When Due. Tax valuation, real.......$2,937,330 cent of actual value; now believed to be higher.
Tax valuation,personal. 2,043,305 Years.
I mprovement B onds—
Tax valuation. Years.
Tax valuation.
4s, J&D, $127,000...Deo. 15,1899 Total valuation 1899... 4,980,635 1 8 9 8 .......................... $ .................. 1894.
.$441,001,581
(part due yearly) to Dee. 15,1921 Assessment is 7-10 actual value.
. 416,323,252
1897............................ 534,465,257 1893
Bond, debt Feb. 1,1899. $127,000 Total tax (per $1,000) ’99___$7*50 1896............................ 529,621,165 1892
,. 381,261,607
Floating debt..................
10,000 Population in 1890 w as........ 4,823 1895............................ 452,863,714 1888.
.. 354,557,515
Total debt Feb. 1,1899. 137,000 Population in 1880 was........ 5,114
DEBT LIMITATION .—The Constitution of Connecticut contains but
The above bonds become due yearly in amounts of $5,000 and $6,000
a single provision restricting the debt-making power, The provision is
alternately. On December 15,1899, $6,000 will be taken up.
INTER EST is payable by the Rhode Island Hospital Trust Company Article 25, and was adopted as an amendment in 1877. We give the
and at the Town Treasurer’s office.
article in fu ll:
No County, City, Town, Borough or other Municipality, shall ever
subscribe to the capital stock of any railroad corporation, or become the
T I V E R T O N . — This town is in Newport County.
purchaser of the bonds, or make donation to, or loan its credit in aid of,
LO AN SWhen Due. Assessed valu. personal. $877,700 any such corporation; but nothing herein contained shall affect the
4s, M&s), $24,000...........1899-1922 Total assessed value, ’98.2,628,508 validity of any bonds or debts incurred under existing laws, nor be con­
Assessment at full value.
($1,000 annually on Sept. 1.)
strued to prohibit the General Assembly from authorizing any Town
Bonded debt Mar. 1, ’98.. $25,000 Tax rate (per $1,000) ’98...... $8*00 or City to protect by additional appropiations o f money or credit any
Assessed valuation, real.1,750,808 Population 1895..................... 2,964 railroad debt contracted prior to the adoption of this amendment.
The foregoing is explicit and comprehensive, covering every munici­
pality. There are no general restrictions in the Revised Statutes;
W A R R E N . —Charles W . Greene, Treasurer.
whatever restrictions have been made from time to time are contained
This town is in Bristol County.
in enabling acts and in city charters.
LOANS—
When Due. Assessed val’ ation,real.$2,130,200
As to towns, we notice that there is a general law granting them un­
R efunding B ondsAssessed val’ ation.per’l 1,381,300 limited power to issue bonds. According to section 140, chapter 23 o f
48, g........... . $77,000....1899-1922 Total valuation 1898... 3,511,500 the Revised Statutes, “ when any town shall have made appropriations
($3,000 yearly on Oct. 1 to 1917, Assessment abt. 80% actual value. “ or incurred debts, or shall hereafter make appropriations or incur
and $4.000 yearly thereafter.)
Tax rate (per $1,000) 1898..$10*60 “ debts exceeding ten thousand dollars, it may issue bonds, either regisBonded debt Feb. 1, ’99...$77,000 Population in 1890 w as........4,489 “ tered or with coupons attached, or other obligations, payable at such
Sinking fund.......................
90'-» Population in 1899 (est.)__ 4,500 “ times and at such annual rate of interest not exceeding 6 per cent,
Net debt Feb. 1,1 89 9 ....... 76,095
“ payable annually or semi-annually, as it shall determine, ’ &o. Cities
IN TE RE ST payable at the Massachusetts Loan & Trust Co., Boston. have had no such general authority conferred upon them.
Exemption from Taxation has been accorded by general statute to
certain bonds issued by cities and towns to aid in the construction of
railroads; and this exemption has been extended to new bonds issued
W E S T E R L Y . —J ames M. P endleton, Treas.
for the purpose of redeeming or providing a fund to redeem the railroad
This town is in Washington County.
aid bonds above referred to. This exemption is found in Section 3,820,
LOANS—
When Due. Tax valuation, person’l.$l,091,710 Chapter 241 of the Revised Statutes (last clause of Section), and the
R efunding B ondsTotal valuation 1898___ 6,289,810 bonds there named are those “ issued by any town or city in aid of the
48, g, J&J, $30,000... .Jan. 2,1929 Tax (per $1,000) 1898...
15*90
of the railroads of the Connecticut Western Railroad
W ater L o a n —
Population in 1895— ...........7,636 “ construction
Company, the New Haven Middletown & Willimantic Railroad Com4s,M&S, $200,000....Sept. 1,1927 Population in 1890................. 6,813 ““ pany,
the
Shepaug
Valley Railroad Company, the Connecticut Valley
31«, g, F&A, $73,000..Feb. 1, 1929
School District No. 1.
“ Railroad Co., the Connecticut Central Railroad Company, or either of
Bonded debt Feb. I,18b9. $303,000
F unding B onds—
“
them.”
All
railroads
which are in whole or in part in the State are
Sinking fund...................
28,481 4^8, M&S, 35,000.................... 1921 taxed by the State under
Section 3920, Chapter 244 of the Revised
Net debt Feb. 1 ,1 8 9 9 .... 274,51b
Subject to call after 1896 Statutes, so that the tax on these bonds is paid by the railroads.
Water debt (included)... 273,000 Interest payable in Westerly.
Exemption
from
tax
of
new
bonds issued to redeem or to provide a fund
Tax valuation, real........ 5,198,100 School tax (per $1,000)... $6 00 to redeem the railroad aid bonds,
or to redeem or to provide a fund to
INTEREST is payable at the United States Mortgage & Trust Co., redeem any reissue of the same, is conferred fully by an act approved
New York City.
June 19, 1889, and found in the “ Public A cts” for that year.
W O O N S O C K E T .—

GREENE, Mayor.
( S. P. COOK, Treasurer.
Woonsocket is in Providence County. Aside from the following obli­
gations Woonsocket endorses first mortgage bonds of the Woonsocket
& Pascoag RR. to the amount of $100,000.
LOANS—
When Due.
R efunding W ater B onds—
F unding B onds —
4s, A&0,g., $150,000. Apr. 1. 1919
4s, J&D. $50,000...... 1899 to 1903 Bond, debt M a r.ll,’99..$1,671,000
($10,000 yearly on Dec. 1.)
Floating debt........ ........ 240,000
4s, F&A, $200,000....Aug, 1,1907 Total debtMar. 11,1899. 1,911,000
4s, g, A&O, $339,000 Apr. 1,1924 Sinking fund...................
142,656
4s; g, M&N, 350,000.May 1,1927 Net debt Mar. 11,1899.. 1,768,344
Se w e r B ondsWater debt (included).. 522,000
48, g, F&A, $50 000. Aug. 15,1921 Assessed val’n, real___12,732.000
4s, g, F&A, 50,000 Feb. 15, 1921 Assessed val’n, pers’n’l. 2,352,585
4s,
F&A, 50,000.Feb. 15,1925 Total valuation 1898 . .15,084,585
4s,
F&A, 50,000. Aug. 15,1925 Assessment about 23 actual value.
W ater B ondsTax rate (per $1,000) ’98...$15*00
48, g, M&N, $92,000 Nov. 1,1916 Population 1890...................20,830
4s, g, M&N, 100,000..May 1,1915 Population 1S95...................24,468
4s, g, M&N, 100,000..May 1,1915 Population 1899 (est.).........25,000
4s, g, M&N, 90,000..Nov. 1,1916
PAR VALUE OF BONDS.—Bonds are for $1,000 each, except the
water bonds of 1885, whioh are for $5,000 each.
INTEREST is payable in Woonsocket only.
C IT Y PR O P ER TY—The city owns real estate and personal prop­

erty valued at $1,207,000.

State of Connecticut.
ITS

D E B T , R E SO U R C E S, E tc.
Admitted as a State
One o f Original Thirteen
Total area of State (square miles) 5,004
State C a p i t a l ............................................................ ......... Hartford
Governor (term expires Jan. ’01)
Geo. E. Lounsbury
Secretary of State (term expires Jan. ’01) - Huber Clark
Treasurer (term expires Jan. ’01)
Charles S. Messick
Legislature meets biennially in odd years on the Wednesday
following the first Monday in January. There is no limit on
the length of the session.
HISTORY OF DEBT.—For a brief history of the Connecticut State
debt see State and City Supplement of April, 1895, page 36. The
condition of Connecticut’s debt now is as follows:
LOANS-—Interest.—.
,------------Principal,----------- >
NAME AND PURPOSE.
Bate Pay'le.
When Due.
Outstand'g.
War loan..................... 1865
Ceased.
Oct. 1,1885
$100
do renewal 1882 0 &r 3 ^ J & J
Jan. 1,1903
500,000
do
do 1883
r 313 J & J
Jan. 1,1903
1,000,000
do
do 1885..... 3
A& O
Oct. 1,1910
1,740,000
PAR VALUE OF BONDS—The bonds are all for $1,000 or $10,000.
IN T E R E ST on all bonds is payable in Hartford, Conn.




PO P U L AT ION OF S T A T E.—Population has been as folio ws :

1890.................746,258 1860
1880................. 622,700 1850
1870................. 537,454 1840

460,147 1830.................297,675
370,792 1820.................275,148
309,978 1810.................261,942

SAVINGS BANKS IN V ES TM EN TS-P R IV ILEG ES AND RE­
STR ICTIO N S .—At the session in 1897 material changes were made in
the provisions regulating the investment of the deposits of the savings
banks of Connecticut. These are mainly contained in section 1,800 of
the General Statutes of the State. It seems that this section was
remodeled and the list of securities enlarged in 1889, then was
amended in 1893, and has, as stated, now again been amended in 1897.
The amending act of 1897 is entitled “ An Act concerning invest­
ments by Savings Banks” , and is as follows. The separation into para­
graphs and the figures in brackets which number and begin the para­
graphs we have inserted so that those who need to refer to or use any
particular portion of the section can more readily find the part de­
sired ; otherwise we give the section as it reads and was passed, pre­
serving even the punctuation.
Section 1800 of the General Statutes, as amended by Chapter
CCXXIX of the public acts of 1893. is hereby amended to read as
follow s: Savings banks may invest— [As we go to press, a material
amendment to ihe Section (7) with reference to railroad investments is
under consideration by the Legislature—see editorial article elsewhere
in this number.]
(1) Not exceeding twenty per centum of their deposits and surplus
in notes secured by the pledge of stocks or bonds as collateral se­
curity : provided, said stocks or bonds shall have paid dividends or
interest of not less than three per centum per annum during the two
years next preceding that in which the respective loan is made; or
by the pledge of any stocks, bonds, or other obligations which, under
the provisions of this act, can be purchased by savings banks; and
may invest not exceeding twenty per centum of their deposits and
surplus in notes, each of which shall be the joint and several obliga­
tion of two or more parties, all residents of this State.
(2) And may invest in the bonds of the United States, the District of
Columbia, any of the New England States, or any of the States of New
York, New Jersey, Pennsylvania, Delaware, Maryland, Ohio, Ken­
tucky, Michigan, Indiana, Illinois, Iowa, Wisconsin, Minnesota, Mis­
souri, Kansas, Nebraska, California, Colorado, and Oregon;
(3) In the bonds of any city in the New England States, or in the
State of New York; of Newark, Paterson and Trento u in tlie State of
New Jersey; of Philadelphia in the State of Pennsylvania; of Cincin­
nati, Cleveland, Columbus, Dayton, and Toledo in the State of O hio;
of Louisville in the State of Kentucky; of Detroit in the State of Mich­
igan; of Chicago in the State of Illinois; of Milwaukee in the State o f
Wisconsin: of St. Louis in the State of Missouri; of Omaha in the
State of Nebraska;
(4) Or in the obligations of any of the counties, towns, cities, bor­
oughs, and school districts in this State,
(5) Or in the capital stock of any bank or trust company located in
this State, or in the city of New York in the State of New York, or in
Boston in the State of Massachusetts;
(6) Or in the bonds of any other incorporated city located in any of
the States mentioned in this act. having not less than twenty thousand
inhabitants, as ascertained by the United States or State census, or any
municipal census taken by authority of the State next preceding sucn
investment; provided, the amount of the bonds of said city, including
the issue in which such investment is made and its proportion (based
on the valuations contained in the assessment for taxation next pre­
ceding such investment) of the county and town debt, after deducting
the amount of its water debt, and the negotiable securities in the sink­
ing funds which are available for payment of its bonds, does not ex­
ceed seven per centum of the valuation of property in said city as
assessed for taxation next preceding such investment; provided, al­
ways, that the State or city issuing said bonds has not defaulted pay­
ment of any of its funded indebtedness or interest thereon within
fifteen years next preceding the purchase of such bonds by the savings

34

STATE AND CITY SUfflEMENT.

Voi. L X V III

bank; but this act shall not be held to authorize the investment o f any
funds, n “ special assessment bonds” or “ improvement bonds” , so
called, which are secured only on the property benefited, except in
those States where such bonds are by law a direct and primary obliga­
tion o f the city issuing the same;
(7) Or in the first mortgage bonds of any railroad company, whose
road is located wholly or in part in any o f the States mentioned in this
A c t ; provided, said railroad is located wholly within the United States,
or in the consolidated bonds of any railroad company incorporated by
this State and authorized to issue such bonds to retire the entire
funded debt o f said com pany; provided, that in every case the rail­
road company in the bonds of which an investment is made shall have
paid each year, for a period not less than five years next previous to
such in vestment, in addition to the interest on its funded indebted­
ness, dividends of not less than four per centum per annum upon its
entire capital stock outstanding; and provided, further, that said out­
standing capital stock at the time o f such dividends equals or exceeds
in amount one-third o f the entire outstanding issue o f said bonds; but
this act shail not be held to authorize any investment in the bonds
of any corporation operating its railroad exclusively by any means
other than steam as a motive power, or in the bonds of any street rail­
road company.
(8) All other investments shall consist of deposits in incorporated
banks or trust companies located in this State or in the States of New
York, Massachusetts, or Rhode Island.
(9) Or o f loans secured by mortgage on unincumbered real estate
situated in this State, worth double the amount of the loan secured
thereon, provided that any savings bank in the town of Putnam may
loan on land located in the County of Providence in the State of Rhode
Island; any savings bank in the town of Ridgefield may loan on land
located in the County of Westchester in the State of New Y ork ; any
savings bank in the town of Enfield or in the town of Stafford may
loan on land located in the County of Hampden in the State of Massa­
chusetts; and any savings bank in the town of Stonington may loan
on land located in the County of Washington in the State of Rhode
Island.
It would seem according to the foregoing amendment of section
1800 that only forty per cent of the deposits and surplus of any
savings bank may be employed on personal security, but that no limit
is placed upon the amount which may be invested in the other securi­
ties mentioned in the section.
The subjoined sections, 1803,1804,1805 and 1806, provide certain
restrictions with reference to loans—section 1803 restricting loans on
Mortgage Security to Manufacturing Corporations and Ecclesiastical
Societies; section 1804 restricting amount of loans to one party on
personal security; section 1805 forbidding loans on single names.
Sec. 1803. No loan shall be made by any savings bank to a manu­
facturing corporation or ecclesiastical society, secured by mortgage
upon their property, unless the same shall be accompanied by the
individual guarantee of some responsible party or parties, or by other
collateral security of equal value to the amount of the sum loaned,
and the directors or trustees of any such bank consenting to any loan
contrary to the provisions of this section shall be held individually
responsible to the full extent of such loan.
Sec. 1804. No savings bank having more than twenty-five thousand
dollars deposits shall loan on personal security to any one person,
company, or interest, more than three per cent of its deposits at the
time of making such loan.
Sec. 1805. No savings bank shall buy, or lend any money upon, any
obligation on which only one person or firm shall be holden, without
taking additional security for the same equivalent to the guaranty or
indorsement o f some other responsible party.
Besides the ordinary safeguards which are in all savings bank laws
there is one of no little importance that ought to aid materially in pre­
venting incautious loans. We refer to the provision below.
Sec. 1806.—When any loan or investment is made by any savings
bank, the names o f the directors or trustees consenting thereto shall be
entered upon the records of said bank, and said record shall be at all
times open to the inspection of the corporators and auditors of said
bank and the Bank Commissioners, and be prim a facie evidence of th«
truth of the statements therein contained.

A M A O IS T I A
SFRANKLIN BURTON, Mayor.
A I N O U 1 N 1 A . — I FRED M. DREW, Treasurer.
Ansonia is in New Haven County. By an act of the Connecticut
Legislature of 1893 the borough, town and fire district of this name
were consolidated to form the present city.
LOANS—
When Due. Demand notes......................$10,500
T o w n of A nsonia B onds—
Total debt Feb. 1,1899....335,500
4s, g., J&J, $100,000,g.Jan. 1,1912 Sinking fund....................... 4,000
Subject to call after. Jan. 1,1902 Tax valuation 1899.........8,050,482
Cit y of A nsonia B onds—
Assessment about actual value.
4s, g., M&N, $150,000,g.May 1, ’ 15 Tax rate (per $1,000)’9 9 ___$9‘00
Borough of A nsonia B ondsPopulation in 1890 was.......10,342
3138, A&O, $75,000................ 1908 Populationin 1899 (e s t.)....13,000

T R U S T F U N D S -H O W LOANED OR IN V E S T E D -W e find in
Section 495 of the General Statutes the following liberal provisions
providing that trust funds may be loaned or invested in the same
securities savings banks are authorized to invest in.

This town is situated in Hartford County.
LOANS —
When Due. Floating debt.................... $83,197
Total debt......................... 233,197
F unding B onds23,962
48, J&J, $26,000........Jan. 2,1903 Sinking fun ds.,...............
(part eaoh5th year) to Jan.2,1908 Net debt Jan. 1 ,1 8 9 9 .... 209,235
4s, J&J, $100,000... July 1,1927 Tax valuation 1899.........5,653,200
Assessment is ^ actual value.
H igh School B onds—
4s, J&J, $24,000........Jan. 1,1901 Town tax (per $1,000) ’99.. $10-00
($8,000eaeh5thyr) to Jan. 1,1911 Population in 1890 w as... . 7,382
Interest paid at Bristol Nat. Bk. Population in 1880 was___ 5,347
Bonded debt Jan. 1, ’ 99.$150,000

Sec. 495.—Trust funds, unless it is otherwise provided in the instru­
ment creating the trust, may be loaned on the security of mortgages on
unencumbered real estate in this State, double in value the amount
loaned, or may be invested in such mortgages or in the bonds or loans
o f this State, or of any town, city, or borough of this State, or in any
bonds, stocks, or other securities which the savings banks in this State
are or may be authorized by law to invest in, or may be deposited in
savings banks incorporated by this State.

Cities, Counties

and

T owns

IN THE

S T A T E OF C O N N E C T IC U T
N ote .—For debts o f minor civil divisions not found among the state.
ments given below, see “ Additional Statements” at the end o f this Stale.
The relation which the towns, cities and boroughs of this State bear
to one another is peculiar, and requires a word of explanation. The
State is divided into eight counties, and these counties are made up of
towns, numbering in the aggregate 167. The towns are the civil unit,
and on the assessed valuation (which is called the “ Grand List of each
town ” ) is levied the tax for State purposes as well as the tax for town
expenditures. Within the town is often situated a city or a borough, or
both, all of which may at the same time have bonds outstanding. There
are ten cities, each with one exception bearing the same name as the
town in which it lies. Of late several towns and cities whose limits
were about identical have been consolidated and the outstanding
bonds of both town and city are reported together without distinction.
This is the case with the city and town of Hartford, which previous to
April, 1896, reported their debts separately. The city and town of
New London have been consolidated and also Bridgeport city and
town. On December 7,1897, city, town and school district of New
Haven were likewise consolidated.
The borough stands in about the same relation to the town as does
the city. The grand list as determined for the town is used by both the
city and the borough in levying taxes, the city, for instance, putting a
tax of its own on its share of the total grand list of the town. This tax
is additional to the' town tax. In some instances the schools are in the
charge of school districts, which also are empowered to issue bonds
and to levy a tax, so that to cover the total tax paid by a city it is
necessary to take into account the State, town, city and school district
levies. In the statements which follow we give under one heading the
tow n and city, wherever they bear the same name, for though distinct
corporations, their debts are to a greater or less extent the debts o f a
single community.




B E T H E L . —W illiam H . J udson, Treasurer.
This town is in Fairfield County.
LOANS—
When Due. Total debt Oct. 1 ,1 8 9 8 .. $64,793
F unding BondsAssessed valuation, real. 1,138,410
48, M&N, $20,000....... 1899-1908 Assessed valuation, per’l. 69,755
($2.000 yearly on May 1.)
Total valuation 1898___1,208,174
4s, A&O, $30,000.......Oct. 1,1919 Assessment about % actual value.
Bonded debt Oct. 1,1898..$50,000 Tax rate (per $1,000) 1898) .$15-00
Floating debt..................... 14,793 Population in 1890 was........ 3,401
IN TE RE ST payable atthe Importers’ & Traders’ Nat. Bank, N. Y .

B E T H E L . — H . H . W oodman, Treasurer.
This borough is in Fairfield County.
LOANS—
When Due. Floating debt.................. $11,500
Total debt Feb. 1 ,1 89 9 ..
43,500
6s, M&8, $8,000........ Sept. 1,1903 Tax valuation 1898........1,038,782
6s, M&S, 9,000........ Sept. 1.1908 Estimated actual value.2,000,000
W ater B onds, 1895—
Borough tax rate (per$l,000)$5-00
4s, A&O, 15,000.. ....19 1 5 , ’20, ’ 25 Population in 1890 w as........2,335
($5,000 due each year on Oct. 1.) Population in 1899 (est.)
3,000
Bonded debt Feb. I, ’99.. $32,000
IN TE R E S T is payable at the Importers’ & Traders’ Nat. Bank, N. Y .
W ater -W orks B onds—

B L O O M F I E L D . — A . R. W ells, Clerk.
This town is situated in Hartford County.
LOANS —
When Due. Sinking fund....................... $10,276
R ailroad B ondsNet debt Feb. 1. 1893....... 49,969
48, F&A, $32,000........... Feb., 1900 Tax valuation, real............637,550
Other B ondsTax valuation, personal.-.118,070
434, M&S, $26,000........................... Total valuation 1897.........755,620
Total debt Feb. 1,189 8 ....*5 8 ,0 0 0 Assessment from % to actual value.
Floating debt..................... 2,245 Tax rate (per $1,000)...........$15-00
Total debt Feb. 1 ,1 8 9 8 .... 60,245 Population in 1895 was........ 1,264
Population in 1890 w as........ 1,308
IN TE R ES T is payable at the Mechanios’ Savings Bank.

B R I D G E P O R T . —B ernard K eating , Auditor.
Bridgeport is in Fairfield County. In 1889-90 the town and city o f
Bridgeport were consolidated, the city assuming the town’s debt.
LOANS—
When Due. Bonded debt A pr.l,’99..$1,625,000
Floating debt..............
14,500
City & F unding Bonds78, J& J,$150,000 ....J u ly 1,1900 Total debt Apr. 1 , ’99.. 1,639,500
329,824
5s, JtfJ, 150,000...... July 1,1908 Sinkingfuad..................
3*38, J&J,125,000 ....J u ly 1 , 191f> Net debt Apr. 1, l c99.. 1,309,676
4s, J&J, 400,000.......July 1,1919 Assessed valuat’n 1898.59,877,580
4 s , ........ ,500,000..................... 1924 Assessment about aotual value.
Tax rate (per$l,000)’99
$12-90
Court H ouse (To w n B onds)—
43«s, J&J, $150,000... July 1,1910 Value city property___ 1,991,996
(Subject to call after July 1,1900.) Population 1890...................48,856
4iss, J&J, $150,000..June 1,1918 Population 1899 (est.)........ 67,000
(Subject to call after June 1,1903)

B R I S T O L . — C. S. T readway , Treasurer.

B R O O K L Y N . — T heodore I). P ond, Clerk.
This town is in Windham County
LOANS—
When Due.
4s, M&M, $28,000..May 1,1903 to
May 1,1928
($3,000 in 1903 and $5,000 in the
years 1908-13-18-23-28.)
Bonded debt Sept. 14, ’ 38.$28,000
Floating debt.....................
420

Total debt Sept. 14, ’98.. $28,420
1,769
Sinking fund........ ..........
Net debt Sept. 14,1898. '26,651
Total valuation 1897— 1,281,245
Tax rate (per $1,000) 1897.$10-50
Population in 18y0 w as........ 2,628

INTEREST is payable at Town Treasurer’ s office.

C A N T O N . — J. H . Bidwell, Treasurer.
This town is in Hartford County.
LOANS—
When Due. 1 Cash, sinking fund, etc..
$5,102
Notes, $5,000............................................ 1900 |Net debt. Sept. 15,1898. 22,146
“
5,000......................... 1905 |Assessed valuation 1898.1,558,686
“
5,000...........................1910 |Assessm’t about 65% actual value.
“
7,000...........................1915 I Tax rate (Town) per M.
Funded debt 8ept. 15, ’98..$22,000 | 1897...............................
$13-00
Floating debt....................... 5,248 I Population 1890.............
2,500Total debt Sept. 15,1898.. 27,248 |Population 1897 (est.)...
3,000

C H A T H A M . ' — A . H . Conklin , Auditor.
This town is in Middlesex County.
LOANS —
When Due. |Assets................................... $16,615
R ailroad A id B onds—
|Net debt Oct 1,1893....... 99,008
4s,
J&J, $40,000..Jan. 1,1911 Tax valuation,real............521,088
375s, J&D, 35,000.. J u n el, 1910 I Tax valuation, personal. ..238,435
3-65s, J&D, 37,000.. J u n el, 1909 I Total valuation 1897.........759,523
Bonded debt Oct. 1 ,’ 98..$112,000 |Assessm’t from
to % act. value.
3,623 I Tax rate (per $1,000)...........$25-00
Floating debt....................
Total debt.......................... 115,623 |Population in 1890 w as........ 1,940
OP TIO N A L. —Ten thousand dollars of the 4 per cent bonds are
subject to call after 10 years and $10,000 after 15 years.
T A X FREE.—All of the town’s bonds are exempt from taxation.
INTEREST payable at Central National Bank, Middletown, Conn.

CONNECTICUT- CITIES AND TOWNS,

April, 1899.

35

C O L C H E S T E R . —W m. B. Otis, Treasurer.

G R E E N W I C H . —H iram J une, Treasurer

This town is situated in New London County.
L O A N S—
When Due. Tax valuation 1898 .........$963,780
4s, M&N, $35,000....M ay, 1900, to Assessment about
actual value.
<$1,000 due yearly)
May, 1934 Tax rate (per $1,000) ’ 97.. $18*00
Town bonds and notes....$45,000 Population in 1890 was........ 2,988
Floating debt................... 22,522 Population 1896 (est.)........... 2,500
Total debt Sept. 1,1898... 67,522

This town is in Fairfield County.
Town debt 1897...............$317.020 Borough valuation *97.$1,683,471
Town valuation 1898-----8,347,429 Borough tax rate (p $1,000). $8*00
Tax rate (per $1,000)—
13*00 Population in 1890 was.......10,133
Borough debt 1897 .........
46,443

G R O T O N . — Groton is in New London County.
D A N B U R Y .—
The City of Danbury Is situated in Danbury Town, Fairfield County.
LOANSWhen Due. 4s, J&J, $ 4 5 ,0 0 0 ....Jan. 1,1920
I mprovement B onds—
Bonded debt May 1, ’97..$481,000
4s, J&J, $ 155,000....Jan. 1,1920 Floating debt.................... 350,000
4s, J&J, 100,0 0 0 ....July, 1923 Total debt May 1 ,1897.. 831,000
Sinking funds..................
4,000
F unding B onds—
4s, M&N. $150,000... 1927 to 1936 Water debt (incl. above). 225,000
($10,000 annually and $50,000 Tax valuation, real........ 5,809,413
Tax valuation, personal. 885,037
in 1937, on May 1.)
Total valuation 1896 . 6,694,450
W ater B onds—
Assessment
is ks actual value.
4*38, J&J, $ 2 8 ,0 0 0 ....July 1,1900
4*88, J&J, 3 0 ,0 0 0 ....July 1,1905 Value of city property... $600,000
10*00
4i*s, J&J, 3 0 ,0 0 0 ....July 1,1910 Tax rate (per $1,000)___
4s, J&J, 8 4 ,0 0 0 ....July 1,1899 Population in 1890 w as.......16,552
{Payable $3,000 seml-an. to 1912.) Population in 1897 (est.)...19,000
INTEREST on the improvement bonds and on the water bonds of
1920 is payable at the National Park Bank, New York; on all other
bonds at the Importers’ & Traders’ National Bank, New York.

LOANS—
When Due. Floating d e b t.................. $26,341
Total debt Feb. 1,1898.. 91,341
R efunding —
4s, M&N, $45,000.......May 1,1899 Total valuation 18 9 8 ___ 2,174,975
($5,000 biennially) to May 1,1915 Assessm’t from ig to % aot’l value.
4s, M&N, $20,000.......May 1, 1908 Total tax (per $1,000) ’ 97...$15*00
Bonded debt Feb. 1,1898...$65,000 Population 1890 w as..............5,539
INTEREST on the 6s is paid by the Mystic River National Bank at
Mystic; on the 4s by the Town Treasurer.

rt a
m t?
f—> t~\
j MILES B. PRESTON, Mayor.
t l A n . I r W ir t L I .— 2 c . C. STRONG, Treasurer.
The town and city of Hartford were consolidated on April 1,1896,
and their debts are no longer reported separately.
Principal.LO AN S,— Interest.—
When Due.
Outstand’g.
NAME AND PURPOSE.
Rate Payable
Funding bonds____4.1893 4g, J & J
July
1, 1918
$290,000
Park improvement..1896 S^.g. J & J
Jan.
1, 1926
150,000
Jan. 1, 1926
150,000
do .........................1897 3 *2,g, J & J
Jan.
1, 1938
100,000
Paving bonds ........ 189,7 3hi.g,J & J
Jan.
1, 1938
200,000
Municipal bonds__ l c 97 38j,g, J & J
Police department..1897 3*«^, J & J
Jan.
1, 1923
75,000
__ 5EDWARD J. CONDON, Mayor.
Consolidated bonds*.1889 3
J & J
July
1, 1909
750,000
A-ri—AVj-» x
<CHARLES E. CLARK, Treasurer.
Jan.
1, 1922
800,000
Refunding bonds___1897 3 1*#, J & J
May 1, 1922
270,000
do
do
___1897 3*2g, M & N
This city is situated in New Haven County. By enactment of the
Jan.
1, 1922
250,000
Legislature in 1893 the town of Derby, borough of Birmingham, and Improvement bonds.1897 3 kg, J & J
F & A
Aug. 1, 1899
202,000
the school districts of the town, were consolidated under one form o f Water.......................... 1874 6
July
1,
1900
48,000
do
...............
1892
5
J
&
J
government, assuming the name of the “ City of Derby.” The consoli­
do ......................... 1893 4g. J & J
July
1, 1918
475,000
dation took effect on January 1, 1894, and the debts of the town,
do
(Reservoir)...
1893
4g
J
&
J
July
1, 1918
200,000
borough and school districts were assumed by the city.
----- (Subject to call after July 1,1908.)
LOANS—
TFA-e» Due. Total debt.......................... $180,956
* Non-taxable.
Sinking
fund
assets,
&
c..
19,669
F unding B onds—
Capitol bonds to the amount of $7,000 due January 1,1897, have
4s,
A&O, $60,000..Oct. 1,1908 Net debt Jan. 1, ’9 9 ........ 161,287
not yet been presented for payment. An equal amount of cash is held
4s, g., J&J, 102,000g.July 1,1914 Interest is payable at Derby.
Tax valuation 1898___ $5,001,266 to redeem the same when presented.
I mprovement B onds—
4 s ............... 10,000 July 1,1906 Assessment same as actual value.
PAR VALUE.— The city’s bonds are ail for $1,000 eaoh.
Subject to call after July 1,1897. City tax (per $1,000) 1898...$9*00
INTEREST on all of the city bonds is payable at the city treasury
Bonded debt Jan. 1, ’99..$172,000 Population (local estimate) ..7,500
T O T A L DEBT, Et c . Floating debt.....................
8,956 Population in 1890 was........ 5,969
Ort. 1,1898.
Apr. 1,1898.
Apr. 1,1897.
$3,960,000
$3,487,000
Total b on d s! debt.............. $3,960,000
Floating
debt......................
121,455
121,455
194,181
E A S T H A D D A M . - J . H. Morton, Treas.

This town is in Middlesex County.
LOANS—
When Due . Assessed valuation, per’l.$3B6,968
Assessed valuation, real. 681,380
F unding B onds—
S ^ s ............ $ 9 .9 0 0 ....Jan. 1,1919 Total valuation 1898___1,048,348
Assessment about 23 actual value.
R efunding B onds—
S ^ s , ......... $14,100... Jan. 1.1919 Tax rate (per $1.000) 1898.$15*00
Bonded debt Jan. 1, 1891. .$44,000 Population in 1890 was.........2,599

E A ST

H A R T F O R D . — J. 0 . Goodwin, Clerk.

This town is in Hartford County.
LOANS—
When Due. Total debt Feb. 4,1899... $135,600
Available a s sets............
8,000
B ridge B onds—
3*6s, A&O, $ 3 9 ,6 0 0 ....Oct. 1,1919 Tax valuation 1898........ 2,911,068
Subject to call after Oct. 1,1899 Assessment about 23 actual value.
Tax rate (per $1,000) 1898.$15*00
B ridge and Road B onds48, A&O, $60,000...Apr. 2, ’04-’ 24 Population in 1899 (est.)___5,500
Bonded debt Feb.4,1899. 105,600 Population in 1890 was........ 4,455
Floating debt..................
30,000

E N F I E L D . — R. E. Spencer, Treasurer.
This town is in Hartford County.
LOANS—
When Due. Ass’ a valuation 1898...$2,721,337
Assessment about 25 actual value.
T ow n B onds48, M&N, $50,000......May 1,1904 Tax rate (per $1,000) 1898.. 15*00
4s, M&N, 25,000......Nov. 1,1920 Population 1890 was.............7,199
Population 1880 was............. 6,755
Subject to call.
Bonded debt Feb. 1, ’99...$75,000 Population 1899 (estimated).7,000
INTEREST payable at the Thompsonville Trust Co.

E S S E X . — J as . L. P helps, Clerk.
This town is in Middlesex County.
LOANS—
When Due. Tax valuation 1898........ $950,689
Assessment is 23 actual value.
R efunding Railroad B onds—
3*65s, A&O, $44,000........................ Tax rate (per $1,000) 1897.$14*00
Population 1890 was............. 2.035
M acadam N otes—
. . , ........ , $9,000............................. Population 1898 (estimated) ,2,179
Net debt Sept. 1,1898.......$53,000
INTEREST is payable at the Essex Savings Bank.
T A X FREE.—All bonds are exempt from taxation.

F A I R F I E L D . — 0 . C. J ennings, Treasurer.
This town is in Fairfield County.
LOANS—
When Due. Total debt Sept., 1898... $123,350
Tax valuation 1897.........3,117,402
Tow n B onds—
................ $67,000........... 1899-1925 Tax rate (per $1,000) 1898. ..10*00
Bonded debt Sept., 1898..$61,000 Population 1890 was..............3,868
Floating debt..................... 62,350 Population 1880 was..............3,748

F A IR F IE L D

CO.

5 T. BAKER, Treasurer.
\ HENRY LEE, Secretary County

Commissiners.
County seats are Bridgeport and Danbury.
$105,000
LOANS—
When Due. Bonded debt F e b .l,’99
County bonds—
Tax valuation 1897. ..127,839,619
,.s , ........ $45,000..................... 1913
Assessment about actual value.
Subject to call......................... 1903 Population in 1890 was__ 150,081
J ail B onds—
Population in 1880 was__ 112,042
4s, J&J, $60,000........ July 1,1909
Subject to call after July 1,1899

G L A S T O N B U R Y . - -0. R. Morgan, Treas.

Total debt.........................$4,081,455
$4,081,455
$3,681,181
Sinking fund..........................
319,282
313,732
309,851
Water debt (included)..........
925,000
925,000
970,000
W A T E R D EPARTM EN T is self sustaining, raising from water
rents $30,000 to $40,000 eaoh year above interest on its bonds and all
ordinary expenses.
ASSESSED VALUATION.—The city’ s assessed valuation and tax
rate have been as follow s:
Fears.
Beal Estate. Personal Property,
Total.
Tax B ate.
*$17*50
$61,040,168
1898
61,000,000
17*00
........
1897...........
1896............$39,398,785
55,322,251
$15,923,466
*1700
16,403,193
17*00
1895........... 36,808,488
53,211,681
16,629,086
20*50
1890........... 30,596,238
47,225,324
1889........... 30,171,885
16,048,479
46,220,364
20*50
19,500,122
47,347,471
20*50
1888........... 27,847,349
* School tax (average $3 per $1,000) additional.
PO PU LATIO N .—I d 1890 the population of Hartford was 53,230
in 1880 it was 42,553; 1898 estimated at 75,000.

H artford “ F irst School D istrict.” — George 0 .
Bailey, Chairman of Commissioners.
LOANS4 s ,.......... $100,000

When Due.

May 1,19 2 7

(Subject to call after May 1,1907)

H artford “ A rsenal School D istrict.” — G. H.
Burt, Treasurer.
LOANSWhen Due.
4 s ,..........$100,000................... 1917

LOANS—
When Due.
4s, J&D, $20,000.......June 1,1917

H U N T I N G T O N . — J.

T omlinson, Treasurer.

This town is in Fairfield County. (P. O. Shelton.)
LOANSWhen Due. Total debt Jan. 1 ,’ 9 9 ... $90,000
4s, J&J, $75,000........ July 1,1917 Assessed valuation ’98.-4,019,470
Bonded debt Jan. 1, ’99...$75,000 Tax rate (per M.) ’ 98 (abt.)...$7*00
Floating debt...................... 15,000 Population in 1890 w as........ 5,958

K I L L I N G L Y . — F. T . P reston, Treasurer.
This town is in Windham County.
LOANS —
When Due. I Tax valuation 1898
$2,443,763
I Tax rate (per $1,000) 1898.$15*00
4s, M&N, $74,526........ On demand I Population 1890 was............ 7,027
Total debt Jan. 1,1899...$126,048 |Population 1880 was.............6,921
The funded loan of 1893 is held by the Chelsea Savings Bank, Nor­
wich, Conn. The town pays interest on this loan at the rate of 5 per
cent, the additional 1 per cent being credited to a sinking fund.
F unded L oan 1893—

L I T C H F I E L D . —G. M. W oodruff, Treasurer.
Litchfield Village is the county seat of Litchfield County.
$8,000
When Due, Floating debt, 4 1* & 5s..
LO ANSTotal debt Jan. 1, ’9 8 ...
88,000
R ailroad B onds—
4s, J&D, $20.000......... On demand Tax valuation, real........ 2,345,234
4s, J&D, 20,000....... June 1,1901 Tax valuation, personal. 560,140
6s, J&D, 20,000....... June 1,1906 Total valuation 1898___2,905,374
Assessment about actual value.
6s, J&D, 2 0 ,0 0 0 .....June 1,1911
Interest is payable in Litchfield. Total tax (per $1,000) ’98 $10*00
Bonds are all tax free.
Bonds are all subjeot to call five years before date of maturity.
POPULATION. —Population, including borough, in 1890 was 3,304;
in 1880 was 3,410; in 1870 was 3,113.

This town is in Hartford County.
F unding B onds—

4s, J&J, $95,000......... 1903-1928
<$15,00o in 5 ,1 0 .1 5 & 20 years &
$35,000 in 30 years.)
Bonded debt$ept.l5, ’ 98..$95,000
Floating debt..................... 3,400




Total debt Sept. 15, ’98.. $98,400
Assessed valuation 1898.1,740,261
Tax rate (per $1,000) ’99...$16*00
Population 1890 was............ 3,457
Population in 1880 w as....... 3,580

i\/r tt>yD TT'iTfT'M

5 AMOS IVES, Mayor.

iVljtLJrtIJ_J.ti.iN .— i HERMAN HESS, City Clerk.
The town and city of Meriden are situated in New Haven County.
During th« year 1896 the town of Meriden voted to consolidate the
schools and assume the debt of all the school districts, amounting to
$61,010 45.

Voi. L X V III

STATE AND CITY SUfflENfENT,

a n

CITY OF MERIDEN BONDS.
W ater B onds— (Cont.)—
When Due.
4s, M&N, $10,000. May 1, 1911
City I mpr ’ m ’ t B onds—
50,000. July, ’ l l t o ’ 13
6s, J&J, $10,000.......July 1,1899 4s, J&J.
Bonded debt Dec. 1, ’98 $ 195,000
F unding B onds —
104,351
4s, J&J, $50,000........ July 1,1914 Floating debt...............
Total debt Deo. 1.1898.
599,351
Se w e r B onds—
337,8?>1
4s. M&N, $130,0' O.May 1 ,’00 to ’ 12 Water debt (included)..
4s, M&N,
5 ,0 0 0 ....May 1,1913 Assessed valuation ’97.12,101,434
Tax rate (per $1,000) ’9 7 .. .$10‘50
w ater B onds3128, J&D, $40,000. June,’99 to ’00 Population in 1890 w a s ....21,652
4s, M&N, 200,000.M ayl,’01to’ 10
TOWN OF MERIDEN BONDS.
W ar and H igh School—
I Assessed \ aluat’n ’98 $16,610^510
4s, 4Hs & 6s, $260,000.1896 to ’ 12 Tax rate (per $1,000) ’98. $10,o0
Total debt Aug. 1,1898..$332,538 I Population in 1890 was......*5,423
INTEREST on the city’ s water and sewer and funding bonds is
payable at the Importers’ & Traders’ National Bank, New Y o rk ; on
the improvement bonds at the Fourth National Bank, New York.

LOANS —

Tow n of N e w H aven D ebt .

Air Line RR. bon d s....1889 3*2 J & J
July 1, 1910
$500,000
($25,000 due yearly) to July 1, 1929
East Haven, ref........... 1887 4
M&N
1897 to 1907
60,000
July 1, 1909
200,000
Funding................................ 3 ^ J & J
Subject to call after July 1, 1899
Park bonds................... 1890 3 ^ J & J
1940
100,000
Subject to call 1910
do d o . ............................ 4
....
100,000
Quinipiaobridge.................. 4 M & N
............... 1902
25,000
Subject to call.
....
18,200
War loan............................... 6
* Exempt from taxation,
t Payment is provided for by sinking fund.
For School District Debt see separate statement further below.
PAR VALUE OF BONDS.—The bonds are all for $1,000 each
except the town war bonds, part of which are for $200 and $500.
IN TE R ES T on all issues is paid at the City Treasury, except that
Interest on the school district bonds is payable at the New Haven
County National Bank at present.

M I D D L E T O W N .— Middletown City is situated in the
town o f Middletown, Middlesex County. The city and town are
distinct corporations, and the debts of both are given b elow :
CITY OF MIDDLETOWN DEBT.
LOANS—
When Due. I
LOANS—
When Due.

F unding D ebt B onds—

M I L F O R D . — This town is in New Haven County.
LOANS—
When Due. Floating debt.....................
T ow n B onds—

3,013
Total debt Sept. 20,1897..$81,513
Assets................................
16,129
Net debt Sept. 20,1897..
65,384
Tax valuation 1898......... 1,860,529
Tax rate (per $1,000) ’97.. .$14-00
Population in 1890 was........ 3,811

N A U G A T U C K . — J ohn M. P age . Treas.
This town is in New Haven County.
LO AN SWhen Due. Total debt Aug.1,’ 98 ....$220,829
4s........$45,000........... Mar. 1,1907 Tax valuation 1897........ 7,379,714
Tax rate (per $1,000) 1897.$12-70
Refunding B onds48, A&O, $100,000...April 1,1912 Population in 1890 was....... 6,218
Population
in 1898 (est.)... 10,000
Bonded debt Aug. 1, ’98. .$145,000
Floating debt............. .
75,829
\MORRIS C. WEBSTER, Mayor.
B R I T A 1 N . - ¿8. W. CLARK, Treasurer.
The city of New Britain is situated in Hartford County. The town
and city have separate debts, as shown below.

N E W

Cit y of N e w B ritain D ebt :

LOANS-

When Due.

City B onds-

48, J&J, $15,000.......July 1,1913
School B onds-

48, J&J, $160,000........Part yearly

LO ANS-

When Du

Sew e r Bonds (Con.)

4s, F&A, $50,000 ...A u g . 1,1925
(Subject to call after Aug.1,1910)

Dec. 1, ’96.
$1,295,006
32,336

$1,430,000
204,584

$1,477,336
188,937

$1,327,336
354,837

.$1,225,416
.$1,003,200
.
166,029

$1,288,399
$1,006,200
166,029

$972,499
$1,007,206
166,029

.$1,169,229
. $500,000
.
230,000

$1,172,229
$500,000
344,012

$1,173,229

$730,000

$844,012

$3,304,640
.$3,124,645
The total indebtedness of the school district <>n December 1,1895,.
was $706,675. The district owns land appraised at $1,191,298.
ASSESSED VALU ATIO N .— The city’s assessed valuation and tax
rate have been approximately as follows, real estate being taken at
“ about 51 per cent actual value:”
Total
Rate o f Tax
Total
Rate o f Tax
Valuation, per $1,000.
Years.
Valuation, p e r $1,000. Years.
1893.........
$54,500,000
$21-00
1897..........$57,683,452
$24-00
1891......... 51,995,329
19-50
22-50
1896......... 56,000,000
1890.........
52,171,131
19-50
1895......... 53,800,000
21*00
The Grand List does not include property estimated as follows on
January 1 ,1 8 9 6 :
Yale College, estimated at............................. .......................... $6,000,000'
School-houses, estimated with contents and land................. 1,500,000
Churches and institutions......................................................... 2,000,000
State, county, town and city public property........................
800,000
Railroad property and other lawful exem ptions...............
2,700,000
$13,000,000
Total..............................
POPULATION.—In 1890 population of the city was 85,981; in
1880 it was 62,882; in 1897 it was estimated at 110,000.

N ew H aven City School D istrict.— consolidated
with the city of New Haven Deo. 7, 1897.
LOANS—
When Due. 4s, M&N, $125,000......... 1929-1934
4s, F&A, $230,000....... 1909-1920 |Bonded debt O ct.l, ’98....$500,000
($20,000 yearly on Aug. 1.)
i Floating debt.................... 230,000
4s, M&N, $70,000........ 1921-1924 ! Total debt O ct.l, 1898... 730,000*
4s, F&A,
75,000........ 1925-1928 I
N E W

H A V E N C O , -H iram J acobs, Treasurer-

County seat is New Haven.
$140,006
LO ANSWhen Due. Bond, debt Feb. 1. ’99.
3 ^s, g. ,M& N, $140,000, g. Nov. 1,’ 15 Tax valuation 1897 .154,043,938
Optional at 2 per cent premium. Population in 1890 w a s.. .209,058

Street B onds—

4 s , ...... $50,000.........Aug. 1,1925
Sew er B ondsw ater B onds—
78, J&J, $130,000.......July 1,1899
4s,
J&J, $30,000....... July 1,1908
4s, J&J,
20,000.......July 1,1899
4s, A& >, 15,000.......Oct. 1,1925 4s, J&J, 20,000 .. . Mar. 12,1909
Optional after Oct. 1,1910 4s, F&A,200,000........Aug. 1,1918
Optional after Aug. 1,1908
4s, F& A ,$ 1 00,000....Aug. 1,1918
4s, F&A, 5 0 ,0 0 0 ....Aug. 1,1925 4s, F&A, $200,000....J u ly 1, 1927
3s, J&J,
35,000... .July 1,1913 3*28...........40,000 ...A ug. 1899-02
T o w n of N e w B ritain D ebt :

.............
Town bonds.........................................
due in 1894 & 1911 $175,000
T O T A LD E B T —The bonded city debt May 1,1898, was $908,500;
Binking funds, $90,841; net debt, $817,659. Total town debt in 1895
was $195,180.
ASSESSED VALUATION .—The city’s assessed valuation in 1897
was $9.162,772. Total tax in 1896 (per $1,000), $14-25.
The town’ s assessed valuation in 1898 was $10,205,502; town tax
(per $1,000) was $10*00.
POPULATION —The town’s population (including the city) in 1890
was 19,007; in 1880 it was 13,979; in 1897 about 25,000.

N E W

Dec. 13, ’97.
$1,445,000
32,336

.

W ater « onds—

4s, A&O, $25,000..... Oct. 1,1909 I 4s, M&N, $20,000. . . . May 1,1908
4s, M&N, 25,000..... Nov. 1,1914 |4s, F&A, 20,000..F eb.,’00 to^09
4s, A&O, 25,000.......Oct. 1,1914 3-65s,J&J, 55,< 0 0 ....July 1,1915
(Subject to call after Oct. 1,1904) 4s, J&J, 200,000... July 1,19*2
Bonded debt Jan. 1, ’98. $5*6,000
M unicipal B uilding 48, M&N, $36,000............................ Water debt (included)... 299.000
14,485
(Subject to call after May 1,1805) Water sinking fund.......
Assessed valuation ’97.-6,201,743
Sew e r B onds —
fs, J&D, $53,000....D ec. 1,1901 City tax rate (per M.) ’98— $9‘00
4s, M&8. 28,000.M ar.l,’0 4 t o ’ 17 Population in 1890 was...... 9,018
4s, M&N, 35,000............. ............ Population in 1897 (est.) . .. 12,000
(Subject to call after May 1,1905)
TOWN OF MIDDLETOWN DEBT.—W. C. H o w a r d , Town Treasurer,
Bonded debt Jan. 1, ’98.. $804,000
R ailroad B onds48, F&A, $244 000.. .Aug. 1,1910 Assessed valuation ’98.-8,925,435
4s, J&J,
180,000.Jan , ’0 0 t o ’08 Population in 1890 was.......15,205
3’65s,J&D,340,i 0 0 ... June 1,1909 Population in 1897 (est.)... 18,000

5s, $3,000.....................
4s, J&J, $29,900..........Jan. 1,1915
4s, $45,600..................
Int. payable at Treasurer’s office.
Bonded debt Sept. 20, ’97.$78,500

Floating debt.

Oct. 1, ’98,
.$1,430,000

C A N A A N . —F rancis M. Bliss, Treas.

NTT? VAT T O iV T T Y m S J $
BECKWITH, Mayor.
IN JtL W
L U i N U tsJ IN l jO H N McGINLEY, Treasurer.
The town and city are under one government and the following
statement includes both.
LOANS—
When D u e.
LOANS—
When Due.
W ater B onds-

F loating D ebt B onds-

78, J&J, $100,000...... Jan. 1,1905
P a r k B onds-

48, M&N,

$25,000........

School B onds-

48, J&J,
4s, J&J.
4s, J&J,
4s. J&J,

$21,000........
63,000........
40,000........
60,000........

Sew er B onds-

1918
1919
1920
1924
1925

78, J&J, $250,000.......Jan. 1, 1900
4s, J&J, 116,000........
1919
4s.........
60,000........
1924
Bonded debt Oct. 1, ’ 98 $780,000
Water debt (included). 426,000
Assessed valuation ’98. 9,676,981
Assessment about 23 actual value.
Tax rate (per $1,000) 1898.$16-00
Population 189«1...................13,757
Population 1899 (est.)......... 18,006

48, J&J,
$10,0 0 ........
1917
3*28,J&J, 35,000...... July 1,1911
IN TE R ES T on the bonds is payable at the office of the Treasurer.

CC. L. GLOVER, Mayor.
TSJO R " W A L K
3 H. R. PR tC e , City Treasurer.
i.>v_yj.v vv
( w . A. CURTIS, Town Treasurer.
The town of Norwalk, in Fairfield County, contains the city o f
Norwalk, whose debt is included below. The city of South Norwalk
whose statement is given under its own name is also in this town.

New Canaan is in Fairfield County.
LOANS —
When Due. I Tax valuation, real.......$1,771,032
R ailroad and W ar B onds—
|Tax valuation, personal. 207,533
4s, A&O,$ 2 4 ,5 0 0 ....April 1, 1911 Total valuation 1898....1,978,565
T ow n D ebt , V aluation , E tc.
Subject to call at any time.
|Assessment about *5 actual value.
LOANS—
When Due. Tax valuation 1895.. .$13,416,597
Bonded debt Jan. 1,1899..$35,500 I Total tax (per $1,000) ’98. .$10-00 Town
bonds, $100,000............1921 Tax rate (per $1,000).......... $5-06
Floating debt. Jan. 1,1898 49,195 |Population in 1890 was........ 2,701 Total debt
1896..................260,955
IN TE R ES T on the railroad and war loan is payable at the MiddleCity D ebt , V aluation , E tc.
town Savings Bank, Middletown, Conn., and on the funded debt bonds
W ater B onds—(Con.)—
LOANS —
When Due.
in New York City.
4s, J&J, $25,000.......July 1,1927
F unded D ebtSubject to call at any time.
48, J&J, $50,000.......July 1,1927
at tt *t t t t t a Triri'N T
(F . B. FARNSWORTH, Mayor.
4s,g., J&J, $ 5 0 ,0 0 0 ....May 1,1935.
Subject to call at any time.
N E W H A V E N — l b . E. BROWN, Comptroller.
3*28, . . . . $300,000...Sept. 1,1918 Bond, debt Feb. 1,1899..$500.000
This city is the county seat of New Haven County. By an act of the
Floating debt..................
28,651
M unicipal P urposes—
General Assembly the city, town and school district of New Haven 4s, g., J&J, $50,000, g..May 1,1935 Total debt......................... 528,651
were consolidated December 7, 1897, under one government, and the
Sinking funds about.......
30,000
Sew e r B ondscity assumes the assets and liabilities of the other two governments.
48, J&J, $75,000......July 1,1907 Net debt Feb. 1 ,1 8 9 9 .... 498,651
N e w H aven City B onds
Water
debt
(in
cl)............
252,506
4s, J&J, 75,000......July 1,1908
L ibr ary B onds*—
aiDGE B onds—
When Due.
Tax valuat’n 1898..........5,064,691
W ater B ondss, $25,000...............Oct. 1,1914 4s, J&J, $100,000...Jan. 1,-’10-’ 19 48, J&J, $175,000.... July 1,1926 Assessm’t about 9i 0 actual value
City Sew erage —
4s, 40,« 00.............. Oct. ’ 15 & ’ 16
City tax (per $1,000) 1898.. $8-50
Subject to call at any time.
7s, A&O, [t$250,000.. Oct. 1 ,1 9 'T
B oulevard Sew erage IN T E R E S T . on the gold bonds due in 1935 is payable at American
3138, J&D, $175,000..June, ’02-’08 48, A&O, 650,000 ..Apr. 1,1910, Exchange
National Bank; other interest payable in Norwalk.
toApr.1,1925 ($25,00o dueyrly).
P *ving B ondsPOPULATION. —Population of the town (including Norwalk and
48, $250,OOO.Oct.l,1901, to Oct. 1, 4s, J&D, 100,000... .1926 to 1929
South
Norwalk)
was in 1890,17,747; in 1880,13,956; in 1870,12,119.
3*ss,
F&A,
75,000
..Feb.
1,
’OO-’O
A
1916 ($62,500 due every 5 y ’rs).




April, 1899.

CONNECTICUT—CITIES AND TOWNS,

N O R W I C H — H . W . T ibbits, Treasurer.
Norwich is in New London County. The city and town have separate
governments, keep separate accounts and have separate debts.
LOANS —
-— Interest.— , ,-----------Principal
NAME AND PURPOSE.
Rate. Payable. ™
“
When Due.
Outstand’g.
Cit y of N orwich D ebt.

City debt bonds, ref., 1883 . . . .
Court house...............................
Funding bonds.........................
Sinking fund bonds o f 1877...
_
do
do 1878...
Water fund bonds 1890............
do
do
'.............
Refunding water bonds..........

4
7
3*3
5
5
5
5
3%

A & O Oct. 1, 1913 $125,000
J & J Jan. 1, 1905
164.000
J & D J u n e l, 1925
166.000
A & O Apr. 1, 1907
160,000
A & O Apr. 1, 1908
50.000
J & J Jan. 1, 1910
50.000
A&O
April 1, 1908
100,000
J & J Jan. 1, 1923
150,000
T o w n of N orwich D ebt . —Samuel H. F reeman , Treasurer.
Court house bonds..................... 7
semi-an. 1905
160,000
semi an. 1913
175,000
Town debt bonds....................... 4
Subject to call after 1893,
Town deposit fund..................... 6 annually
13,301
PAR.—The city’s bonds are all for $1,000 each.
TA X FREE.—All the issues of city bonds are exempt from taxation*
, INTER EST on city bonds is paid by city treasurer, and in some cases
in Boston also.

3 7

R n P W V T T T TT
5E. L. HEATH, Mayor.
L A L J O I V V 1J_L_JA.— ¿FRANK GRANT, Treasurer.
This City is in Tolland County.
LOANS —
When Due. Total bond, debt FeK3,’99$140,000
Se w e r B ondsInterest payable at Treas’r’s office.
48, J&J, $50,000........ Jan. 1,1925 Assessed valuation ’97.$2,592,235
Optional after Jan. 1,1900.
Assessed valuation ’98.$6,739,897
4s, J&J, $90,000........ July 1, 1927 Assessm’t in ’98 about full value.
Tax rate (per $1,000) 1899.$30*00

S I M S B U R Y .— A . S. Chapman , Treasurer.
Simsbury is in Hartford County.
When Due. Total debt Jan. 1 ,1 89 9 .. $34,000
LOANSR ailroad B onds—
Tax valuation 1898___..1,470,166
4s, J & J ..$20,000..July 1,1899 Assessment about % actual value.
($2,000 yearly) to July 1,1908 Total tax (per $1,000) 1898.$14*00
4s, J & J . ..$4,000.. July 1,1909 Population in 1890 was......... 1,874
Bonded debt J a n .l, 1899..$24,000 Population in 1880 w as.........1,830
Floating debt..................... 10,000 Population in 1899 (est.).......2,000
TA X FREE. A ll bonds issued by this town are exempt from taxation.
IN TE R E S T is payable at the Hartford National Bank.

S O U T H I N G T O N . —E. G. L ewis, Treasurer

T O T A L D EB T .—For a series o f yeais debt has been :

This town is in Hartford County.
1898.
1897.
1895.
LOANS —
When Due. Assessed valuat’n, real $1,397,648
1894.
Total bonded debt of city....... $965,000 $965,000 $799,000 $799,000 4s, J&J, $90,000...........1907-1927 Assessed val’t’n, pers’l.. 1,186,608
Certificates outstanding........................
($30,000 due every 10 years.)
165,431
165,431
Total valuation 1898___2,584,256
Total debt Feb. 6, 1899. $90,000 Assessment 60% actual value.
HH
7337 Tax rate (per$1.000> 1898.$18*30
T o ta l..... ............................$965,000 $965,000 $964,431 $964,431 Sinking
fundBalance in treasury...............
7,562
4.233
82,663 Population 1899 (est.)...........5,600
23,961 Net debt Feb. 6 ,1 8 9 9 ...
Water debt (included)...
15,000 Population 1890.....................5,501
Net debt on Ma
May 15........ $957,438 $960,767
............ $940,470
Water debt included a bove...$366,000 $366,000
............ $300,000
D r. J. M. COBURN, Mayor
SO U T H N O R W A L K ,
The sinking fund receives yearly ^ mill on city and town list.
W. L. SMITH, Ch. F. Com.
This city is in Norwalk Town, Fairfield County.
* 1C/IJoYn f>rRP , ^ RJ X - '7 T]ie.
owned property in 1898 valued at
$1,073,995. This included buildings, fire department, etc., as well as
LOANS —
When Due.
W ater B o nd s -( C on.)—
E lectric Light Bondswater works, which were held at $800,000. In the year 1897-98 the
4s, J&J, $12,500.........Apr.1,1910
., $20,000.......Apr. 1,1928 4s, J&J, 47,500.........Apr.1,1911
regular receipts of the water works were $51,929 25 ; expenditures 48,
$21,303 24.
L ibrary Bonds4s, J&J, 30,000.........July 1,1925
48, ........ $5,000..........Apr. 1, 1928 Bonded debt Sept. 1,’98..$315,000
ASSESSED VALU ATIO N .— Property assessed at % oash value.”
R efunding B onds
Floating debt.............. .. . 14,500
Real
Personal
Oily Tax 4s, J&J, $90,000........ July 1, 1913 Total debt Sept. 1, 1898. 329,500
Years.
Estate.
(Subject to call 1903.)
Property.
Total.
per $1000
Water debt (included)... 200,000
1899........
W ater Bonds$13,912,997
$1000
Assessed valuation ’97..4,820,609
1895........
68, J&J, $40,000..........July 1, 1906
10,340,484
1000
Assessment about actual value.
1894........
4s, J&J,
9,000....... July 1, 1900 City & town tax (per M.)’98.$13*25
10,108,692
10*00
1893........ . . . . $8,062,744
4s, J&J,
52,000....... July 1, 1909 Populationiu 1898 (est.)... 7,500
$1,999,476
10,062,220
10*00
1892........ . . . . 7,981,334
4s, J&J,
9,000.......July 1,1910 Pop. of town in 1890 was. ..17,747
2,087,514
10,068,848
10 00
1891........ . . . . 7,857,924
2,023,101
9,881,025
10*00
IN
TE
R
E
S
T on refunding bonds is payable in South Norwalk and
1890........... ... 7,826,459
2,129,351
9,955,810
on water bonds in New York.
9*50
1880.............. 7,438,097
2,976,028
10,414,125
8*00
The town grand list on Oct. 1,1895, was $13,769,187; tax rate (per
S P R A G U E . - P eter
Cote, Treasurer
$1,000) 1898, $6*50, this being additional to city tax as above given.
This town is in New London County.
, POPULATION.— In 1890 population of city was 16,156; in 1880
LOANS —
When due. Net debt Sept. 15,1898 ...$49,320
15,112. Population of town 1890, 23,048; 1880, 21,143.
T ow n B onds—
Town has no water debt.
6s, Mar., $45,000___Mar. 27,1906 Tax valuation 1898...........605,946
Bonded debt Sept. 15,1898 $45,000 Assessment about % actual value.
O R A N G E . — ¿W ALTER A. MAIN, 1 st Selectman.
Floating debt..................... 16,700 Total tax (per $1,000) ’9 8 ... 15*00
(DONALDSON S. THOMPSON, Treasurer.
Total debt............................ 61,700 Population 1890..................... 1,106
This town is in New Haven County.
Sinking funds..................... 12,380 Population 1895 (estimated). 1,006
LOANS—
When Due. Tax valuation 1899.......$3,454,429
IN TE R E S T is payable at Merohants’ National Bank, Norwich, C(
F unding B onds (Gold )—
Assessment is *2 actual value.
4S’g, J&J, $100,000 g.Jan. 1,1916 Total tax (per $1,000) ’98..$18*00
Bonded debt J an. l , ’98. .$100,000 Population in 1890 w as........4,537 S T A M F O R D (City).— This city is in Fairfield County.
Floating d e b t.................. 35,000 Population in 1880 was__ ^ 3,341
LOANS —
When Due. wtk
Bonded debt Jan. 1,’ 98 $125,000
Total debt Feb. 1,1899 .. 135,000 Population 1899 (est.).......... 8,000
Se w e r B onds—
Floating debt................
70.000
4s, M&N, $5,000........ May 1,1901 Total debt Jan. 1,1898.
195.000
4s, M&N, 20,000........ Nov. 1, 1901 Sinking fund.............
16.000
P L A I N F I E L D . — S. L. A dams, Treasurer.
4s, M&N, 5 ,000........ May 1, 1906 Net debt Jan. 1 , 1898..
179.000
4s, M&N, 20,000....... Nov. 1,1906 Tax valuation 1896.......18,o66’
This town is in Windham County.
,666
Interest payable at Stamford.
Assessment about »10 actual value
LOANS —
When Due. Total debt Sept. 1,1897. $25,221
The
city’s
tax
rate
(per
$1,000)
in
1896
was
$6*75
in
one
district
5*04
4s, M&N, $5,000............. .......
Tax valuation 1898....... 2,068,256
4s, M&N, 25,000___1906 to 1926 Tax rate (per $1,000) 1 »9 9 ..10*00
2-70 in the thlrd* The population in 1896 was ’ estiinatea
ax
($5,000 every fifth year.)
Population 1 8 9 0 ....................4,582
Bonded debt Sept. 1,1897.$30,000

ST A M F O R D
IN TE R ES T is payable at the Nat. Tradesmen’s Bank, New Haven
P O R T L A N D . —Chas. H . E dwards, Treas^r
Portland is in Middlesex County. The $97,000 bonds due in 19 11
will most likely be refunded this year.
LO ANSWhen Due. Bonded debt Feb. 1, ’ 99. .$282,000
Refunding B onds3,925
Floating debt...................
48, M&N, $100,000 .. .Nov. 1,1905 Total debt Feb. 1,1899.. 285,925
4s, J&J,
97,000 . .. July 1,1911 Tax valuation 1898......... 1,872,149
(Subject to call after five years.)
Assessment about 23 actual value.
3*65s, J&J, $85,000...July 1,1909 Total tax (per $1,000) ’ 98.. $20*00
Interest payable at Town Treas’y. Population in 1890 was___ 4,687
TAX FREE.—The bonds of the town are exempt from taxation.

P R E S T O N . — Charles H. Barnes, Treasurer.
This town is in New London County.
LOANS —
When Due. Tax valuation, personal. $63,922
W ar and B ridge B onds—
Total valuation 1897....... 879,490
6s, J&J, $50,000__ ..Jan. 1,1900 Tax valuation 1898........ 937,181
4s, J&J, 40,000........ Apr. 1, 1906 Assessment about 23 actual value.
Total debt Jan., 1898....... $90,000 Total tax (per $1,000) ’ 97...$16*00
Tax valuation, real...........815,568 Population in 1890 w as........ 2,555
IN TE R ES T is payable at the Second National Bank, Norwich, Conn

(Town).— W. D. Daskam , Treas.

This town is in Fairfield County.
LOANS —
When Due.
T own H all , 1890—
48, A<sO, $94,000.......Oct 1,1910
Schools and B ridges , 1893—
4s, F&A, $96,000.......Aug. 1, 1923

Bonded debt Feb. 1, ’99. $340,000
55,«00
Floating debt..................
Total debt......................... 395,000
Sinking funds..................
55 297
Net debt Feb. 1 ,1 8 9 9 .... 339,703
H igh SchoolTax valuation 1898.......12,983,011
48, F&A, $75,000..Aug. 1, 1914-24 Assessment about »5 actual value.
Interest is payable in Stamford. Town tax (per $1,000) ’ 98..$12*00
F unding BondsPopulation in 1890 was.......15,700
48, F&A, $75,000g___Feb. 1,1927 Population in 1899 (est.)...20 000

S T O N I N G T O N . —E. B. H inckley , Town Treas.
Stonington is in New London County, The debts o f both town and
borough are given below.
LOANS —
When Due. Tax valuation 1 8 9 8 ___$2,724,212
Town Debt, Etc.
Tax rate (per $1,000) 1898... 12*50
W ar B ondsPopulation (local est.) 1898..7,700
48, ........ $28,000.......................1902 Population 1890 w as............. 7 184
Bonded debt Sept. 7 ,'9 8 . $28,000
Borough Debt, Etc. "
Floating debt..... .............
33,313 Total debt Jan. 1 ,1 8 9 9 ... $30,000
Total debt.........................
61,313 Tax valuation 1898........ 587 627
Balance in treasury.......
14,748 Boro’gh tax (per $1,000)’98.$10*00
Net debt Sept. 7 ,1 8 9 8 ...
46,565 Population 1895 (estimated).1,800

S U F F I E L D . —W m. L. L oomis, Clerk.

This town is in Hartford County.
LO AN STotal debt Feb. 1,1899.. $57 610
Town note........................
$5,495 Assessed valuation 1599.2,426.000
Town notes, 4%%............
35,115 Tax rate (per *1,000) 1897.$10*00
This town is in Windham County.
Town notes, 5% ...............
12,000 Population 1890...............
3,169
The town has no bonded debt.
Tax rate (per $1,000) ’97....... $9*00 Town notes, 4s.................
5,000 Population 1898 (est.)...... .'.3,200
Float’g debt Sept., 1898. $72,625 Population in 1890 was..........6,512
Tax valuation 1898........ 3,316,744 Population in 1897 (est.)....... 6,800
Assessment about 23 actual value. City D ebt ........................... $17,000 T H O M A S T O N . — A rthur J. H ine , Treasurer.
This town is in Litchfield County.
When Due, Tax valuation, real .. $1,034,475
LO AN SR I D G E F I E L D . Ridgefield is in Fairfield ¿County.
T ow n H all Bonds
Tax valuation, personal 507,357
When Due, Tax valuation 1897......$1,604,429 4«, J&D, $50,000........ Dec. 1,1904 Tax
LO AN Svaluation 1898....... l,541,8o2
F unding B ondsTotal tax (per $1,000) 1896.12*00 Interest payable at Treas’r’ s office. Assessment *3 to
actual value
3138, F&A, $35,000...Aug. 1,1927 Population 1897 (est.)...... ..2,500 Bonded debt Feb. 1, ’99.. $50,000
Total
tax (per $1,000) ’98.. $15*00
(Subject to oall after Aug. 1,1917.) Population 1890..................... 2,235 Floating debt..................
37,000 Population in 1890 was........ 3,278
Floating debt July, 1,’97. $67,215
Total debt Feb. 1 ,1 8 9 9 .... 87,000 Population in 1897 (est.)...... 3.300

P U T N A M . —J ames




W. Manning ,

Treasurer.

Vol. LXVI1I

STATE M40 CITY SUfftEMEWT.

38
11*/—\tvt

t ttv>r a \ t T-’ Tp*
(OSCAR O. TANNER, Mayor.
1J_jJ_.1 M A .J N 1 l w . — }F R E D A. SANDERSON, Treas.
This
city
is
situated
in
the
town
of
Windham, Windham County.
This town is in Litchfield County.
LOANS —
When Due. Bonded debt Nov. 1, ’ 98. $300,000Town debt Feb. 1 ,1899. $92,000 Borough debtFeb. 1, ’99. $55,00^
75,045
M unicipal B onds— (Coupon.)— Floating debt.................
Town valuation 1898___6,149,675 Borough assessm’ c ’98. .4,903,227
debt Nov. 1 ,1898. 375,045
Town tax (per $1,000) ’ 98..$10-00 Borough tax (per $1,000) ’98.$5*00 4s, A&O, $10 0,0 0 0 ....Oct. 1, 1925 Total
Water
debt
(included)..
.
200,000Optional
after
Oct.
1,1910
Population
1899
(est.).........
9,000
Population in 1890 w as........ 6,048
Tax valuation 1897...... 4,064,847
W ater BondsPopulation’ 99 (estimated). .12,000 Population in 1890 w as....... 4,283
48, A&O, $75,000.........Oct. 1,1899 Interest payable at City Treasury.
4s, A&O,
50,000..... Oct. 1,1904 Assessment about ^ actual value.
4s, A&O,
50,000..... Oct. 1,1909 Tax rate (per $1,000),’97. ..$23'0O
V E R N O N . — E. B. Skinner , Treasurer.
4s, A&O,
25,000..... Oct. 1,1914 Population in 1890 was....... 8,648
Population in 1880 was....... 6,608This town is in ToUand County (P. O. Rockville.) Railroad bonds are
Population in 1898 about... 8,000
tax exempt.

r r - i t~j t~\ x - » T p

5 ISAAC W •BROOKS, Treasurer.

I O RR1N G 1 WIN.— } WALTER HOLCOMB, Clerk.

LOANS—

When Due. I Bonded debt Jan. 1, ’99..$235,000

R ailroad B onds 1896—

3s, J&J, $60,000........July 1.1906
M emorial H all , 1889—
3*28, M&N, $125,000.Nov. 1,1919
(Optional after Nov. 1,1899.)
H igh school , 1892—
. . . , J&J, $50,000.......July 1,1922

I Floating debt............ .—

54,000

I Total debt Jan. 1,1899... 289,000
I Tax valuation 1898........ 7,609,279
Assessment about *3 actual value.
|Town tax (per$l,000) ’98-..$7"00
Population in 1890 was.........8,808
|Population in 1899 (e st.)....9,000

IN TE R E S T is payable at the Town Treasurer’s office.
XX 7" A T T

W

t tvt

m /—t r t

t *v

J WM. H. NEWTON, Town Treas.

TTy-fT

W

W I N C H E S T E R . — J.
Winsted), Treas.
This town is in Litchfield County,
LOANS —
When Due.
T own B onds—1885-1891—
4s, M&N, $ 5 4 ,0 0 0 ....Nov. 1,1902
4s, M&N, 1 8 ,0 0 0 ....May 1,1899
($6,000 due yearly) to May 1,1901
Deposit fund and orders.. .$44,774
Total debt Sept. 1,1898...116,774

E.

Spaulding (P. 0 .

and contains Winsted Borough.
Sinking fund, etc.............
$5,055
Net debt Sept. 1 ,1 8 9 8 ... Ill,7 1 9 Tax valuation 1898.......4,795,957
Assessment about actual value.
Tax rate (per $1,000) ’ 98...$10-00
Population in 1890 w as........ 6,183
Population in 1898 (est.).......8,000*

AJ_.JL.iJN Vjrr* L J J r t U . — } c . D. MORRIS, Borough Treas.

The town and borough o f Wallingford is situated in New Haven Co.
BOROV QH DEBT.
/OWN DEBT—
W ater B onds4 s , ........ , $30,000....................1927
48, J&J, $175,000.......... 1908-1915
R efunding Bonds—
3-65s, M&N, $60,000.1900 to 1929 Sewer bonds.................... $25,000
45,000
Town debt Jan. 1,1899.. $90,000 Improvement bonds.......
Assess’d val’n, town, ’ 98.3,762.752 Borough bonded debt
Jan. 1,1899.................. 245,000
Town tax (per $1,000) ’ 98...$7-00
40,000
Population town 18 9 0 .......... 6,584 Floating debt....................
Population town ’99 (est.). ..8,000 Total debt Jan., 1899... 285,000
A sses’d valu’n Boro. ’98.2,600,000
Tax rate (per $1,000)............ 7-00
Population in 1890.................4,230
Population in 1899.................6,500
IN TE R ES T on the water bonds of Wallingford Borough is payable
at the First National Bank of Wallingford.

W allingford Central School D istrict- -W . H .
N ewton, Treasurer.
LOANS—
When Due. I Assessed valuation 1898.2,700,000
4 s , ..........$58,000...........1904-1928 Assessment ^ actual value.
4 s , ........ . 53 000....................1899 i Tax rate (per $1,000) 1898..$6-50
Bonded debt Feb. 1,1899..$91,000 Population 1899 (est.).......... 6,500
W A S H I N G T O N . — W m . A . W atts, Treasurer.
This town is in Litchfield County.
LOANS—
When Due. Total debt Feb. 1 ,1899.. $42,000
Tax valuation ’97............1,003,191
4s, J&J, 18,000.......... 1899-1917 Assessment same as actual value.
Tax rate (per $1,000) ’97...$15-00
($2,000 due yearly on July 1.)
Bonded debt Feb. 1 , 1899.$36,000 Population in 1890 w as........ 1,633
6,000
Floating debt.....................
INTEREST payable at Connecticut Savings Bank, New Haven.
R ailroad B onds—

5 THOMAS D. BARLOW, Mayor.
I RICHARD F. GRADY, Clerk.
This city is in New Haven County
LO AN SWhen Due. 4s, J&J, $400,000......Jan. 1,1919
4s, J&J, 200,000......Jan. 1,1927
City H all B onds—
Interest is payable in Waterbury.
7 s, J&J, $10,000.......................1906
Bonded debt Aug. 15,’98 $850,000
Se w e r B onds48, J&J, $60,000.......................1911 Total valuation 1897...13,015,350
Assessment is t- actual value.
W ater B onds (series 1 and 2)—
7s, J&J, $40,000.....................1899 Total tax (per $1,000) 1897.$37-00
4 12S, J&J, 40,000.....................1905 Average school ta x ............. 13-00
4s, J&J,
95,000.......Jan. 1,1900 Population in 1890 w as.......28,646
($5,000 due yearly) to Jan. 1,1918 Population 1898 (estimated) 38,000

W A T E R B U R Y .

W aterbury, Center School D istrict.—
The district includes all of the
town of Waterbury.
LOANS—
When Due.
... .......$100,000........... 1901-1910
($10,000 annually.)

city of Waterbury and part of the

Total debt Mar. 20,’ 99. $379,850
Sinking fund................
38,897
Net debt M ar.20,1899.
340,953
Assessed valuat’n ’96.11,325,523
Funding B ondsAssessment
actual value.
48, J&J, $200,000......... 1927-1946
($10,000 annually), (optional after Tax rate (per $1,000) ’98.. .$13-00
July 1, ’ 12, $10,000 annually).

W E S T H A R T F O R D . — H e n r y C. W h i t m a n ,
Treasurer.— West Hartford is in Hartford County.
LOANS—
When Due. I R oad B onds—

R efunding B onds—
|4s, M&S, $45,000...................... 1920
4s, M&S, $28,000..................... 1902 I
Subject to call after 1910
4s, M&S, 30,000..................... 1920 |Bonded debt Apr. 1, ’99.. $138,000
Subject to call after 1910 I Tax valuation 1898 ___3,537,452
School and F unding N otes — |Assessment is ^ to % actual value.
.................. $35,000........ 1900-1907 , Town tax (per $1.000) ’98...$12-00
($5,000 due yearly.)
Population in 1890 was........ 1,930
Interest payable in Hartford.
I Population in 1899 (est.)........2,750

W E S T P O R T . — H . E . Sherwood, Treasurer.
This town is in Fairfield County.
Total debt Feb. 1,1 89 9 .. $85,309 I Tax rate (per $1,000) ’98.. .$10-00
Tax valuation 1898........ 2,533,304 |Population 1890 w as.............. 3,715




W IN D S O R

L O C K S . — J. D . Outerson, Treas

This town is in Hartford County. All bonds are tax free.
LOANS—
When Due. Tax valuation 1898.......$1,992,844
Assessment about actual value.
T o w n B onds—
4s, J&J, $35,000........Jan. 1,1922 Tax rate (per $1,000) ’9 8...$10-00
4s, J&J, $30,000....... 1909-’ 19 ’ 29 , Population in 1890 w as........2,758
Population in 1897 (est.)...... 3,000($10,000 due Jan. 1.)
Net debt Sept. 24,1898
$55,554 I

" W I N S T E D . — J. E . Spaulding , Treasurer Townof Winchester.— This borough is in Litchfield County.
Bonded debt 4s May 1,’98.$97,500 I sinking fund, cash, &o___ $9,490
Floating debt..................... 55,025 i Net debt May 1, ’98............ 143,035
Total debt May 1, ’98....... 152,525 |Population 1890 w as....................... 4,846

A D D IT IO N A L

ST A T E M E N T S.

In the table below we give statistics regarding minor civil divisions
in the State of Connecticut which have as indebtedness of over
$10,000, and which are not represented among the foregoing detailed
reports. We add the population from the U. S. Census of 1890.
Total
Assessed
Tax
PopuLocation.
Debt.
Valuation. Rate.
lation.
$464,915 $13-00 1,182
Avon, Hartford Co........................ $15,769
333,325
20*00 1,130
Barkhamsted, Litchfield Co........ 17,932
Berlin, Hartford Co.......................... 27,670 1,298,514
10 00
2,600
Branford, New Haven Co. (Town)
57,918 2,171,471
12-00 4,466
Branford, N. Hav. Co. (Borough) 62,781 1,901,866 12-00
.....
Canaan, Litchfield Co.................. 23,000
492,152 12-50
870
Cheshire, New Haven Co............. 12,000 1,060,946
11-00 1,926
Clinton, Middlesex Co.................. 22,145
742,833 15-00
1,384
Coventry, Tolland Co................... 12,507
644,985 15 00
1,875
Cromwell, Middlesex Co............. 53,218 1,015,395 13 00
1.987
7-00
2,276
Darien, Fairfield Co....................... 16,933 2,347,860
Eastford, Windham Co................ 11,500
151,975 16 00
561
767,445 12-00
2,048
East Lyme, New London Co....... 27,230
Easton, Fairfield Co..................... 25,188
414,208 14 00
1,001
East Windsor, Hartford Co........ 30,650 1,322,947
15-00 2,896
Ellington, Tolland Co.................. 14,000
753,448
12 00 1,536
Farmington, Hartford Co............ 49,000 1,896,252
12-00 3,176
Griswold, New London Co.......... 32,461 1,722,075
10-00 3,113
Hamden, New Haven Co............. 39,050 1,996,023 15 00
3,882
Hartland, Hartford Co................ 11,981
194,631 23-00
565
424,663 14 00
1,036
Hebron, Tolland Co..................... 41,446
Lebanon, New London Co............ 13,558
926,569 12-00
1,670
Lyme, New London Co................ 35,593
309,562 15-00
977
Madison, New Haven Co............. 12,000
948,775
10-00 1,429
Manchester, Hartford Co............ 92,420 5,061,663
15*00 8,222
Mansfield, ToUand Co.................. 17,979
579,517 15-00
1,911
Meeting House School District. 50,000 3,00u,000
.........
3,506
Middlefield (T.) Middlesex C o ...
39,508 430,260
18-00
1,002
Montville (T.), New London Co.
52,538 1,097,507
16*00
2,344
New Hartford, Litchfield Co....... 49,035 1,109,715
12-00 3,160
New Milford, Litchfield Co ........ 41,000 1,974,395
13-00 3,917
Newtown, Fairfield Co................ 25,000 1,782,646
11-00 3,536
Norfolk, Litchfield Co.................. 20,994 1,016,342
12-00 1,546
North Canaan, Litchfield Co....... 28,530
811,630
12-50 1,683
North Haven, New Haven Co___ 21,344
896,269 12-00
1,862
No. Stonington, New London Co. 21,977
537,400
12-00 1,463
Old Lyme, New London Co........ 18,330
507,299
15-00 1,319
600,540
15-00 1,484
Old Saybrook, Middlesex Co....... 30,126
PlainvlUe, Hartford Co............... 28,000
819,232
9-00 1,993
Redding, Fairfield C o ................ 22,000
511,563
15-00 1,546
Rocky Hül, Hartford Co............. 26,161
417,802 12 00
1,069
Roxbury, Litchfield Co................. 26,381
411,146 14 00
936
Salisbury, Litchfield Co............... 24,500 1,805,236 10 00
3,420
Saybrook, Middlesex Co............. 44,000
684,390
16-00 1,484
Seymour, New Haven Co............. 40,084 1,562,872
20-00 3,300
Shelton, Fairfield Co..................... 55,031 2,943,600
4-00 1,952
Southington, Hart. Co. (Borough) 23,100 1,455,234
5-00
......
Stafford, ToUand Co..................... 36,766 1,580,429
20 00 4,535
Stafford Springs, ToUand Co....... 12,850
736,243
7-50
Stratford, Fairfield Co.................. 43,659 1,329,815
15-00 2,608
TrumbuU, Fairfield Co................ 18,839
644,139
12-00 1,453
Waterbury (Town) N. Haven Co. 154,915 22,555,193
5-00 33,202
Waterford, New London Co.......... 40,288 1,205,072
15 00 2,661
Watertown, Litchfield Co........... 30,000 1,495,974
11-00 2,323
Wethersfield, Hartford Co.......... 36,574 1,403,840
12-00 2,271
WUton, Fairfield Co....................... 21,470
806,218
10 00 1,722
Windham, Windham Co............... 167,000 5,213,863
12 00 10,032
Windham County........ ................ 49,500 ............................... 45,158
Windsor, Hartford Co.................. 109,854 1,638,524
15-00 2,954
Woodbury, Litchfield Co............. 18,900
995,438
15 00 1,815
Woodstock, Windham Co............. 11,134
925,282
12-00 2,309»

39

Debts and
OIF*

IK T

Resources
T H E

T H E

MIDDLE STATES.
IN D E X

FOR

THE

M ID D L E

STATES,

C IT IE S ,

Etc.

N E W Y O R K — State, Cities, «fee............................. Pages 39 to 57

D E L A W A R E — State, Cities, «fee...........................Pages 74 to 75

N E W JE R SE Y— State, Cities, & c ....................... Pages 58 to 65

M A R Y L A N D —State, Cities, «fee............................. Pages 75 to 76

P E N N S Y L V A N IA — State, Cities, & c ............... Pages 65 to 74

DISTRICT OF C O L U M B IA ......................................Page

State of New York.
ITS

D E B T , R E SO U R C ES, E t c .
Admitted as a State
One of Original Thirteen
Total area of State (square miles)
50,203
State capital
Albany
Governor (term expires January 1, 1901) - Theodore Roosevelt
Secret’y of State (term expires Jan. 1,1901) John T.MoDonough
Treasurer (term expires Jan. 1, 1901) - John P. Jaeckel
Comptroller (term expires Jan. 1, 1901) - W illiam J. Morgan
Legislature meets annually the first Wednesday in January,
and length of sessions is not limited.

. H ISTORY OF DEBT. —The historical details of New York’s State
debt from 1817 to the present time will he found in the State and Citt
Supplement of April, 1894, page 41.
During a period of eleven years ending in 1893 the State debt was
paid at the average of $1,000,000 per year, and practically wiped out.
-4-tthe November election in 189o the proposition to issue bonds of
the State to the amount of $9,000,000, for the purpose of enlarging and
improving the Erie Canal, the Champlain Canal, and the Oswego Canal,
was submitted to the voters and carried. These bonds have all been
issued to date, but $500,000 have been paid from the proceeds of the
tax levied lor a sinking fund, leaving outstanding March 1,1899, $8,500,660, which, with the $440,000 Comptroller’ s Certificates and
$400,000 Adirondack Park Bonds and $400,000 Defense Bonds, a total
o f $9,685,666, constituted the State’s indebtedness on March 1,1899.
LOANS—
<— Interest.— > ,------------Principal.-----------■,
NAME AND PURPOSE.
Rate. Payable. When Due.
Outstand'g.
Canal bonds, g., reg., 1896.. 3g.
J&J
Jan. 1,1906
$1,270,000
Do
do
do 1897.. 3g~
J«feJ
Jan. 1,1912
4,000,000
Do
do
do 1898.. 3g.
J&J
Jan. 1,1913
3,230,000
Adirondack Pk.Bonds,1898 3*2
F«feA
1907-1908
400,000
Nov. 1,1902 *05 ? . nn nnft
Public Defense Bonds,1898 3*2
M&N 5
\$100,000 yearly 5 400,000
Comptroller’s Certificates..
1900 to 1906
*385,000
* Due $55,000 annually.
S T A T E D EB T FOR OVER F IF T Y YEARS.— Below we give the
amount o f the State debt on Sept. 30 in the years named.
1898.......... $9,340,660 1889...........$6,774,854 1863.......... $29,784,124
1897.......... 5,765,660 1888.......... 6,965,354 1858.......... 33,735,668
1893..........
660 1883.......... 8,473,854 1853.......... 24,288,568
1892..........
885,855 1878......... 9,154,054 1848.......... 23,937,248
1891.......... 2,927,655 1873.......... 36,530,406 1843.......... 25,257,268
1890.......... 4,964,304 1868..........44,968,786 1838.......... 11,256,152

7«

State credit not to be given.—Section 1. The credit of the State shall
not in any manner be given or loaned to or in aid of any individual
association or corporation.
State debts, power to contract.—Sec. 2. The State may, to meet casual
deficits or failures in revenues, or for expenses not provided for, con­
tract debts; but such debts, direct or contingent, singly or in the aggre­
gate, shall not at any time exceed one million of dollars; and the
moneys arising from the loans creating such debts shall be applied to
the purpose for which they were obtained, or to repay the debt so con­
tracted, and to no other purpose whatever.
State debts to repel invasions.—Sec. 3. In addition to the above limited
power to contract debts, the State may contract debts to repel invasion,
suppress insurrection, or defend the State in w ar; but the money aris­
ing from the contracting of such debts shall be applied to the purpose
for which it was raised, or to repay such debts, and to no other purpose
whatever.
Limitation o f legislative power to create debts.—Sec. 4. Except the
debts specified in sections two and three of this article, no debts shall
be hereafter contracted by or on behalf of this State, unless such debt
shall be authorized by a law, for some single work or object, to be dis­
tinctly specified therein; and such law shall impose and provide for
the collection of a direct annual tax to pay, and sufficient to pay, the
interest on such debt as it falls due, and also to pay and discharge the
principal o f such debt within eighteen years from the time of the con­
tracting thereof. No such law shall take effect until it shall, at a gen­
eral election, have been submitted to the people, and have received a
majority of all the votes cast for and against it at such election. On the
final passage o f such bill in either house of the Legislature, the question
shall be taken by ayes and noes, to be duly entered on the journals
thereof, and shall b e : “ Shall this bill pass, and ought the same
to receive the sanction of the people 1” The Legislature
may at any time, after the approval of such law by the
people, if no debt shall have been contracted in pursu­
ance thereof, repeal the same; and may at any time, by law,
forbid the contracting of any further debt or liability under such la w ;
but the tax imposed by such act, in proportion to the debt and liability
which may have been contracted, in pursuance of such law. shall
remain in force and be irrepealable, and be annually collected, until
the proceeds thereof shall have made the provision hereinbefore
specified to pay and discharge the interest and principal of such debt
and liability. The money arising from any loan or stock creating such
debt or liability, shall be applied to the work or object specified in the
act authorizing such debt or liability, or for the repayment of such
debt or liability and for no other purpose whatever. No such
law shall be submitted to be voted on, within three months after
its passage, or at any general election when any other law, or any
bill, or any amendment to the Constitution, shall be submitted to
be voted for or against.
Sinking Fund, how kept and invested.—Sec. 5. The ainirinp funds
provided for the payment of interest and the extinguishment of the
principal of the debts of the State shall be separately kept and safely
invested, and neither of them shall be appropriated or used in any man!
ner other than for the specifio purpose for which it shall have been
provided.

D EB T L IM IT A TIO N — C ities, C ounties. T owns and V illages.—
.T A X VALUATION .— The following shows the State’s valuation The
new Constitution of New York State puts a general and
Ac., for a series of years.
_ ,
.------- State Tax.-------■,
Valuation.------------ . TotalEqualized Rateper
Total
:EslatePersonal.
Valuation. $1,000.
Levied.
4898.$4,349,801,526 $548,809,493 $4,898,61.1,019 $2-08 $10,189,111
l897. 4,041,826,586 465,159.108 4,506,985:694 2-67
12,033,652
1896. 3,908,853,377 459,859,526 4,368,712,903 269
11,751,358
1895. 3,841,582,748 450,499,419 4,292,082,167 3- 24 13,906,346
1894. 3,761,679,384 438,202,694 4,199,882,058 2T8
9,155,742
1893. 3,626,645,093 411,413,856 4,038,058,949 2-58
10,418,192
1892. 3,526,645,815 405,095,684 3,931,741,499 1- 98
7,784,848
1891. 3,397,234,679 382,159,067 3,779,393,746 1*37
5,196,666
1890.
3,298,323,931
■ ■ P
H S I ___ 385,329,131 3,683,653,062 234
8,619,748
1886. 2,899,899,062 324,783,281 3,224,682,343 2-95
9,512,812
1875. 1,960,352,703 407,427,399 2,367,780,102 6-00
14,206,680
1870. 1,532,720,907 434,280,278 1,967,001,185 7-2611 14,285,976
1869. 1,418,132,885 441,987,915 1,860,120,770 5-62ia 10,463,179
1859. 1.097.564,524 307,349,155 1,404,913,679 2-50
3,512,284
D EB T LIM ITATIO N — S t a t e .— The new Constitution has in some
measure modified the provisions of the fundamental law restricting the
power of the Legislature over the issue o f debt, &o. These provisions
are found in Article 7. We give the sections of that article (Article 7)
below which have reference to the subject.
_

'——— ~




uniform limit to the power of all counties and cities of the State to con­
tract and put out their obligations, leaving to the Legislature to fix the
debtmaking power of villages and towns only. These provisions are
found in Article 8, Section 10. We give that section in full. The
separation into paragraphs and the figures in parenthesis which num­
ber and begin the paragraphs are our own, we having inserted them so
that those who need to refer to or use any particular portion can the more
readily find the part desired. With that exception we give Section 10
of Article 8 as it reads, preserving even the punctuation.
(1) No county, city, town or village shall hereafter give any money
or property, or loan its money or credit to or in aid o f any individual,
association or corporation, or become directly or indirectly the owner
of stock in, or bonds of, any association or corporation; nor shall any
such county, city, town or village be allowed to incur any indebteilness
except for county, city, town or village purposes. This section shall
not prevent such county, oity{ town or village from making such pro­
vision for the aid or support of its poor as may be authorize«fby law.
(2) No county or city shall be allowed to become indebted for any
purpose or in any manner to an amount which, including existing
mdebte«lness, shall exceed ten per centum of the assessed valuation of
the real estate of such county or city subject to taxation, as it appeared
by the assessment rolls of said county or oity on the last assessment for
State or county taxes prior to the incurring of such indebte«lnes8; and

40

STATE AND CITY SUfftEMENT.

all indebtedness in excess of such limitation, except such as may now
exist, shall be absolutely void, except as herein otherwise provided.
(3) No county or city whose present indebtedness exceeds ten per
centum of the assessed valuation of its real estate subject to taxation,
shall be allowed to become indebted in any further amount until such
indebtedness shall be reduced within such limit.
(4) This section shall not be construed to prevent the issuing of certif­
icates of indebtedness of revenue bonds issued in anticipation of the
collection of taxes for amounts actually contained, or to be contained
in the taxes for ihe year when such certificates or revenue bonds are
issued and payable out of such taxes.
.
(5) Nor shall this section be construed to prevent the issue of bonds
to provide for the supply of w ater; but the terms of the bonds issued to
provide the supply of water shall not exceed twenty years, anda sink­
ing fund shall be created on the issuing of the said bonds for their re­
demption, by raising annually a sum which will produce an amount
equal to the sum of the principal and interest of said bonds at their
maturity.
. .
, .
(6) All certificates of indebtedness or revenue bonds issued.in an­
ticipation of the collection of taxes, which are not retired within five
years after their date of issue, and bonds issued to provide for the supply
o f water, and any debt hereafter incurred by any portion or part of a
city, if there shall be any such debt, shall be included in ascertaining
the power of the city to become otherwise indebted.
(7) Whenever hereafter the boundaries of any city shall become the
same as those of a county, the power of the county to become indebted
shall cease, but the debt of the county at that time existing shall not be
included as as part of the city debt.
(8) The amount hereafter to be raised by tax for county or city pur­
poses, in any county containing a city of over one hundred thousand
inhabitants, or any such city of this State, in addition to providing for
the principal and interest of existing debt, shall not in the aggregate
exceed in any one year two per centum of the assessed valuation of the
real and personal estate of such county or city, to be ascertained as
prescribed in this section in respect to county or city debt.
By the terms of the foregoing section, Paragraph (1), every “ County,
City, Town or V illage” is included in the prohibition against (1) loan­
in g ‘.‘ its money or credit,” (2) in becoming “ directly or indirectly the
owner of stock in or bonds of any association or corporation,” and (3)
in incurring “ any indebtedness except for County, City, Town or Vil­
lage purposes.” Most of the other paragraphs include only Counties
and (Sties.
,
,
According to Paragraph (6) it seems that “ any debt hereafter in­
curred by any portion or part of a city, if there shall be any such debt
shall be included in ascertaining the power of the city to become other
wise indebted.”
, . ,
We would also call special attention to Paragraph (7), that whenever
hereafter the boundaries of any city shall become the same as those of
a county “ the power o f the county to become indebted shall cease, but the
debt of the county at that time existing shall not be included as a part
o f the city debt.”
„
,
, „
In May 1886 the New York Court of Appeals decided at the end of a
litigation begun in July 1885 that the sinking fund was 'not a part of
the city debt within the meaning of the above provision of the Consti­
tution limiting the creation of debt to 10 per cent of the assessed valua­
tion of the real estate.
Towns and Villages are not limited in their debt-making power by the
Constitution. Those municipalities will be governed by general or
special statutes.
The 1895 Legislature passed an act “ for the protection of bona fide
purchasers and holders of coupon bonds and of municipal corporations
against misfeasance, malfeasance or negligence of public officers.”
The full text of this law was published iu the Chronicle of Juue 8,
1895. V. 60, p. 1023.
E X E M P T IO N FROM T A X A T IO N —There is one general New York
statute with reference to e> eruption from ta atiou “ for town, county,
municipal or State purposes ” of a class of bonds “ issued by any village,
city, town or county” in the State, which seems to have a wider appli­
cation than is generally known. As originally pa^ed in 1881 the ex­
emption applied only to bonds issued to pay up or retire bonds “ created
to aid in the construction of any railroad.” A new law was passed in
1886 (Chapter 316) making the tax exemption apply to “ new bonds ”
issued under the act to retire any of the then “ present bonded indebted­
ness of any village, city, town or county in this State.” With reference
to such new bonds the third section of the act of 1886 says: “ All new
bonds issued by any village, city, town or county in this State under
the provisions of this act shall be exempt from taxation for town,
county, municipal or State purposes until the period when they are
made payable.” In 1893 still another law was passed making the
statute cover any bonded indebtedness. The law as it now stands will
be found in editorial on page 4 of the April, 1894, Supplement .
In addition to the foregoing there are special laws authorizing special
issues that are exempt, out which we have not room to quote here.
For New York City there is a general statute which directs how any of
its bonds may be made exempt from city and couuty taxation. That
statute is subjoined.
Sec. 137. The Commissioners of the “ Sinking Fund of the City of New
York for the redemption of the city debt,” when duly authorized by
ordinance of the Common Council, may, by concurrent resolution,
direct that the bonds and stocks of said city, issued pursuant to law,
after June ninth, eighteen hundred and eighty, shall be exempt from
taxation by said city and by the county of New York, but not from taxa­
tion for State purposes; and all bon is and stocks issued pursuant to
such authority shall be exempt irom taxation accoidingly, provided
that said bonds and stocks shall not bear interest exceeding the rate of
four and one-half per centum per annum. The bonds and stocks of the
city of New York issued pursuant to the provisions of this section shall
express upon their face the faot that they are exempt from taxation by
the city and county of New York, but not from State taxation, and
shall refer to this section, and to the ordinance of the Commou Council,
and the resolution of the Commissioners of the Sinking Fund author­
izing their issue.

SAVINGS BANK INVESTM ENTS— POWERS AND RESTRIC­
TIO N S.— In 1898 the New York Legislature passed an amendment to
paragraph 6, Sec. 116, of the Savings Bank law of 1892. The amend
ment extends investments of savings banks to first mortgage railroad
bonds the principal part of whose railroad is located within this State.
We give section 116 below as it stands with this amendment incor­
porated. It should be stated that a measure is now before the Legis­
lature enlarging still further the field of railroad investments. The
text of this bill will be found in an editorial article on a previous page
of this Supplement and should it become a law the fact will be duly
recorded in the State and City department of our weekly Chronicle.
Sec. 116. In what securities deposits may be invested.—The trustees
of any savings banks may invest the moneys deposited therein and
the income derived therefrom only as follows :
1. In the stocks or bonds or interest-bearing notes or obligations of
the United States, or those for which ttie faith of the United States is
pledged to provide for the payment o the interest and principal, in­
cluding the bonds of the District of Colombia.
2. In the stocks or bonds or interest-bearing obligations of this
Stade, issued pursuant to the authority of any law of the State.
3. In the stocks or bonds or interest-bearing obligations of any State
of the United States which lias not within ten years previous to mak­
ing such investment by such corporation defaulted in the payment of
any part of either principal or interest of any debt authorized by the




Vol. LXVIII

legislature of any such State to be contracted; and in the bonds or nterest-bearing obligations of any State o f the United States, issued in
pursuance of the authority of the legislature of such State, which
have, prior to the passage of this act, been issued for the funding or
settlement of any previous obligation of such State theretofore in de­
fault, and on which said funding or settlement obligation there has
been no default in the payment of either principal or interest since the
issuance of such funded or settlement obligation, and provided the
interest on such funded or settlement obligations has been paid regu­
larly for a period of not less than ten years next preceding such in­
vestment.
.
. .
4. In the stocks or bonds of any city, county, town or village, school
district bonds and union free school district bonds issued for school
purposes, or in the interest-bearing obligations of any oity or county
of this State, issued pursuant to the authority of any law of the State
for the payment of which the faith and credit of the municipality is­
suing them are pledged.
__
5. in the stocks or bonds of the following cities: Boston, Worcester.
Cambridge, Lowell, Fall River, Springfield and Holyoke, in the State of
Massachusetts; St. Louis, in the State of Missouri; Cleveland, Cincinnati
and Toledo, in the State of O hio; Detroit and Grand Rapids, in the State
of Michigan; Providence, in the State ot Rhode Island; New Haven and
Hartford, in the State of Connecticut; Portland, in the State of Maine;
Philadelphia, Pittsburg, Alleghany, Reading and Scranton, in the State
of Pennsylvania; Minneapolis and St. Paul,in the State of Minnesota;
Des Moines, in the State of Iow a ; Milwaukee, in the State of Wiscon­
sin; Louisville, in the State of Kentucky; Paterson, Trenton, Newark and
Camden, in the State of New Jersey; Baltimore, in the State of Maryland.
If at any time the indebtedness of any of said cities, less its water debt
and sinking fund, shall,exceed seven per centum of its valuation tor pur­
poses of taxation, its bonds and stocks shall thereafter, and until such
indebtedness shall he reduced to seven per centum of the valuation for
the purposes of taxation, cease to be an authorized investment for the
moneys of savings hanks, hut the superintendent of the banking depart­
ment may, in his discretion, require any savings bank to sell such bonds
or stocks of said oity, as may ha ve been purchased prior to said in­
crease of debt.
6. In bonds and mortgages on unincumbered real property
situated in this State, worth at least twice the amount loaned thereon.
Not more than sixty-five per centum of the whole amount of deposits
shall be so loaned or invested. If the loan is on unimproved and un­
productive real property, the amount loaned thereon shall not be more
than forty per centum of its actual value. _No investment in any bond
and mortgage shall be made by any savings bank, except upon the
report of a committee of its trustees charged with the duty of investi­
gating the same, who shall certify to the value of the premises mort­
gaged or to be mortgaged according to their best judgment, and such
report shall be filed and preserved among the records of the corporation.
Amo in the first mortgage bonds of any railroad corporation o f this
State the principal part of whose railroad is located within this State,
or in the mortgage bonds of any such railroad corporation of an issue
to retire all prior mortgage debt of such railroad corporation; provided
that at no time within five years next preceding the date of any such
investment shall such railroad corporation have failed regularly and
punctually to pay the principal and interest of all its mortgage
indebtedness, and, in addition thereto, regularly and punctually to
have paid dividends upon a 11its outstanding capital stock during the
preceding five years, at the rate of not less than four per centum per
annum; and provided further that at the date of every such dividend
the outstanding capital stock of such railroad corporation shall have
been equal to at least one-half of the total mortgage indebtedness o f
such railroad corporation, including all bonds issued under any mort­
gage securing any bond in which such investments shall be made.
Not more than twenty per centum of the whole amount of deposits
shall be so loaned or invested. Street railroad corporations shall not be
considered railroad corporations within the meaning of this section.
7. In real property subject to the provisions of the next section.
It will be noted that subdivision 7 (the last paragraph of the above)
refers to the “ next section ” for the provisions applicable. This refer­
ence is to section 117 of the law of 1892; we omit that section as it
relates only to real estate. Sections 118,119 and 120 of the law o f
1892 we subjoin.
Section 118. The trustees of every such corporation shall as soon as
practicable invest Mie moneys deposited with them in the securities
authorized by this article; but for the purpose of meeting current
payments and expenses in excess of the receipts, there may be kept an
available fund not exceeding ten per centum of the whole amount of
deposits with such corporation, ou hand or deposit in any bank in this
State organized under any law of this State or f the United States, or
with any trust company incorporated by any law of the State; but the
sum so deposited in any one bank or trust company shall not exceed
twenty-five ner centum of the paid-up capital and surplus of any such
bank or com pany; or such available fund, or any part thereof, may be
loanee upon pledge of the securities or any of them named in sub­
divisions one, two, three and four of the preceding section but one, but
not in excess of ninety per centum of the cash market value o f such
securities so pledged. Should any of the securities so held in pledge
depreciate in value, after making any loan ihereon, the trustees shall
require the immediate payment of such loan or of a part thereof, or ad­
ditional security theretor, so that the amount loaned shall at no time
exceed 90% of the market value of the securities pledged for the same.
Section 119. Every such corporation mav also deposit temporarily
In the banks or trust companies specified in the last section the excess
of current daily reoeipts over the payments, until such lime as the
same can be judiciously invested in the securities required by this
article. Whenever it shall appear to the superintendent of banks that
the trustees of any such corporation are violating the spirit and inteut
of this provision by keeping permanently uninvested all or an undue
proportion of the moneys received oy them, he shall report the facts
to the Attorney-General, who shall proceed against such corporation in
the manner provided in section eighty-two of this chapter.
Section 120. The trustees of any savings bank shall not loan the
moneys deposited with them or any part thereof, upon notes, bills
of exchange, drafts or any other personal securities whatever. In all
oases of loans upon real property, a sufficient bond secured by a mort­
gage thereon, shall be required of the borrower, and all the expenses
of searchers,* examinations and certificates of title or appraisal of
value, and of drawing, perfecting and recording papers, shall be paid
by the borrower.
The privilege granted by section 119 might of course be interpreted
liberally as opening the gates wide to continuous deposits in banks and
trust companies. To avoid any such use of the privilege, the section also
provides that whenever it shall appear to the Superintendent of the
Banking Department that the trustees of any corporation are violatin g
“ the spirit and intent of this section by keeping permanently uninvested
mall or an undue portion of the moneys received,” he must report to the
“ Attorney-General, who shall proceed against such corporation,” etc.
P O P U L A T IO N O F S T A T E .—New York ranks first in population
among the States of the Union. In 1892 the count showed 6,513,143.
The following gives the U. S. Census figures:
1890.......... . 5,997,853 1860............ 3,880,735 1830............ 1,918,608
1880............ 5,082,871 I 1850............. 3,097,394 1820............ 1,372,111
1870.......... 4,382,759 |1840............ 2,428,921 1810............ 959.049
* So iu the original.

April, 1899.

41

Cities, Counties

and

T owns

IN THE

S T A T E OF N E W Y O R K

T O T A L D EBT, SINKING FUNDS, E t c .— The subjoined statement
shows Albany’s general and water debt. The street improvement
bonds, amounting to $787,370 on Mar. 1,1899, are not included.
Mar. 1,1899. Nor.1,1898. Nov. 1,1897. N o«.l,1896
Generalbonds...............$2,365,000 $2,415,250 $2,414,000 $2,467,000
Water bonds................ 1,756,000 1,728,000
1,582,000
1,632,500
Total bonds...............$4,121,000 $4,143,250 $4,046,500 $4,049,000
Sinking funds............. 1,394,980 1,394,260 1,168,263
1,008,180
Net debt................ $2,'< 26,020 $2,748,990 $2,878,237 $3,040,820
The sinking funds are invested mostly in the city’ s own bonds.
C IT Y PROPERTY.— Property owned by city November,1898,was :
Real estate, $4,447,420; personal property $2,405,330; total,
$C,852,750.

N ote.—For debts o f civil divisions not found among the statements
giveh below, see “ Additional Statements" at the end o f this State.
a r o
a tvtXT'
(JAMES ROONEY. Chamberlain.
A i - i t S / A l N I .— l c . H. BIS8IKUMMER, Sec’y Sinking Funds.
Albany is in Albany County.
GENERAL BONDED DEBT.
,— Interest.— .
-Principal.LO ANSBate. Payable.
When Due.
NAME AND PURPOSEOutstand'g.
ASSESSED V ALU A TIO N .— Property is assessed about full value.
P. O. Site...................1874
M & N
May 1, 1904 b $ l 15,000
•------------------- Assessed Valuation.--------------- , Bate o f Tax
’00 to 1908
Public Market...........1888
J & j | Jan.
Beal.
Personal.
l o tal.
per $1,000.
$10,000 yearly, J\ a90,000 Tears.
1898....................$59,159,515
$7,525,425
$66,684,940
$20-60
May
1
’99
to
1911)
Public build’g bonds. 1892
M & n | $5,000 yearly, ( a 65,000 1897.................. 58,768,650
9,508,245
20-00
68,276,895
6,426,995
do
do
1892
M & N
2000
May 1,1912
64,975,715
al65,000 1895.................. 58,548,720
1893..................
64,623,680
6,565,790
71,189,470
20-00
1, ’ 00-’09
Public Bath bonds__ 1£99 3*2 F & A 5t Feb.
a30,000 1890................ 1 63,380,046
6,282,525
69,662,571
1900
$3,000 yearly.
1880.................. 34,310,305
2,790,120
37,100,425
3600
July 1, ’05 to ’09 (
City H all......................1882 4
J & JT 5
( $25,000 yearly. \ «125,000 1870.................. 24,981,511
5,954,825
30,936,336
45-70
do do
6,006,803
................. 1882 4
12-60
J & J
26,290,048
July 1, 1910
a20,000 1860.................. 20,283,245
9,430,100
City improvement____1870 7
3,171,589
M & 8
12,601,689
15-70
March, 1900
a 0,000 1850..................
1846..................
7,792,340
3.449.098
13-20
1900-1909)
- - AAA
11.241.438
Sewer (Beaver C r.)...1889 3
M & 8 l( Mar.
$5,000 yearly. < a55,000
POPULATION.—In 1892 population was 97,120; in 1890 93,313;
v . 1 , ’99-1917)
*AA in 1880 90,758. The estimate for 1899 was 100,000.
do
do ...1896 3*2 M & „N( (N o$1,500
yearly. 5 «28,500
Washington Park. ...1870 7
M & T Aug. 1, 1910
b50.000
do
do . ...1871 7
M & 1 May 1, 1911
-E. L. BARCKLEY.Treas.
blOO.OOO A L B A N Y C O U N T Y
do
do . ...1872 7
M & J May 1, 1912
bl00,000
County seat is the city of Albany.
do
do . ...1874 7
M & f Maj 1, 1914
bl55,000
LOANS —
When Due.
do
do . ...1874 7
M & r May 1, 1916
LOANS—
When Due.
b49,000 1 City
H all - W a r L o a n — (C on.)
do
do . ...1875 6
M & r May 1, 1915
b75,000
do
do . ...1875 6
M & r Nov. 1, 1917
b37,000 3*28, A&O, $50,000...Oct. 1, 1901 4s, semi-an., $16,000...Mar., 1914
do
io ...1876 6
M & r May 1, 1918
b38,000 3*28, A&O, 50,000...Oct. 1,1902 4s, semi-an., 15,000...Mar., 1915
do
do . ...1877 6
M & 1 May 1, 1919
b20,000 3*ss, A&O, 45,000. Oct. 1, 1903 4s, semi-an., fc6,000...Mar., 1916
County Court H ouse—
4s, semi-an., 18,000...Mar., 1917
do
do . ...1878 5
M & i May 1, 1920
b40,000
4s, semi-an.,$105,000.Feb.l5,1911
R efunding Bonds —
do
do . ...1 88 0 4
M &
W ar Loan4 p, M&S, $37,000..Mar., ’00 to ’ 18
48, semi-an., $57,000. March. 1900 ($1,000 y’ly to ’ 17 & $19,000in’ 18)
do
do .....1881 4
M &
May 1, 1921
a30,000 4s,
21,000.Mar., ’01-’03 Total debt Mar. 1, ’99.. $858.000
do
do .....1 88 ° 4
M &
May 1, 1922
»28,000 4s, semi-an..
semi-an., 67,000...Mar., 1904 Ass’d valuation, real .$91.112,867
do
do .....1882 4
M &
Nov. 1, 1922
»24,000 4s, semi-an.,
111,000-Mar.,
’07 Ass’d valuation,pers’l
9,243,820
do
do .....1885 4
F &
Feb^ 1, 1925
alO,000 4s, semi-an., 66,000.Mar., ’05
’08-’09 Total valuation 1898.. 100,356,687
do
do . ...1894 2
J &
June 1, 1934
a3,000 4s, semi-an., 35,000...Mar.,
1910
5-40
do
do . ...1895 4
M&
May 1, 1922
a7,000 48, semi-an., 37,000...Mar., 1911 County tax (per M.)’99
do
do .....1896 312 M &
May 1, 1936
a7,000 48, semi-an., 18,000...Mar., 1912 Population in 1892 w a s... 167,289
Population in 1890 w a s ...164,555
; Feb. 1,1900-1909 )
Hawk St. Viaduct.....1889 312 F &
! $5,000 yearly. ( a50,000 4s, semi-an., 17,000...Mar., 1913
18991907)
IN TE R ES T is payable at the County Treasurer’s Office. The bonds
Dudley Observatory.. 1892 2
j & : ¡June,
»9,000 are
all registered.
! $1,000 yearly. (
(
1899-190
s
)
Broadway widening.. 1898 312 A &
aS
0,000
( $5,000 yearly (
A L E X A N D R I A . —A dam Bickelhaupt, Super.
Beaver Park.
..1894 4
j & ; i J une, ’99 to 1914,) »288,000
; $18,000 yearly, j
This town is in Jefferson County.
do
do
...1895 4
j &
a68,000
LOANS—
When Due. Stock in Utica & Bl’k R .. $60,000
M
orristown & P hila . r r .,
Tax valuation, r e a l........1,429,990
1, 1899 1917
do
do
...1897 4
A & 1 Oct.
(since
consol,
with
Utica
&
a23,750
Tax valuation, personal..
60,900
°\ $1,250 yearly,
Black River)—
Total valuation 1898___ 1,490,890
i
1899-1918
7s,
M&N,
$52,100..........
Nov.,1900
Assessment
is
^
actual
value.
do
do
..1898 3*2 A & < \ $1,700 in 1899
al5,000 Total debt Jan. 1 ,1 899....$52,100
Total tax (per $1,000),’98___ $6-60
C$700 yearly to ’ 18
Sinking fund assets............ 21,000 Population in 1899 (est).......3,600
1899-1906
Knox Street Viaduct 1897 4
J & D5
t $5,000 y’ly Deo,.1 .Ì 40,000 Net debt Jan. 1 ,1899........ 31,100 Population in 1890 was........ 3,300
INTER EST is payable at J efferson County Nat. Bank, Watertown,N.Y.
a Interest payable in Albany, b Interest payable in New York at
the Merchant’ s National Bank.
STREET IMPROVEMENT BONDS
A lV T ^ n r T T F m A iv r
5Z- s - WESTBROOK, Mayor.
A1V1C5 1 i L J r t U A I V l . — ) NICHOLAS FLEIG, Treasurer.
Principal and interest paid by holders o f property benefited.
This
city
is
in
Montgomery
County.
-— Interest.
LO ANS-Principal.
NAME AND PURPOSE.
Bate. Payable.
When Due.
Outstand'g. „ L O A N S When Due.
LOANS—
When Due.
Delaware A ve...........1891 313 M & N
1900
$8.700 B ridge Str . Imp . B onds—
W ater B onds—(Continued)—
Hawk St.................... 1894 4
M & N
1900
3,400 4^28,.., $11,356.......May 15,1900 5s..........$59,000............Oct.1,1916
Beaver St...................1895 4
M & N
1899
900
F unding B onds—
5s........ 65,000............Oct.1,1921
Daniel St....................1895 4
M & N
1899
900 3*28, . $15,000...Sept. 1 ,’99-1901 38,----- 25,000............ Oct.1,1926
Quail St. 2 ser............ 1895 4
M & N
1899
1,300
School B onds, D ist. 8,11 & 13— 3 s,----- 100,000........... Mar.1,1910
Third Avenue............ 1896 4
1899
5,440 4s......... $14,000....... Oct. 1 ,’ 99-’ 12 Bonded debt Jan 1, ’99... $702,856
Various streets.......... 1895 4
m ‘ & "n
1899
18,750 4s, . . . , 12,000....... Jan. l , ’00-’03 Water debt (included)... 354,000
do
do ...........1896 4
M & N
1899-1911
290,800 4 s , .. . . , 10,000....... Oct. 1 , ’99-’08 Tax valuation, real........ 9,312,741
Tvr /b T«- 5 Nov. 1899-1902)\ 100,000 4 s ,...... 10,000......... 8ept.,’99-’08 Tax valuation, personal. 1,418,^00
do
do .
1897 4
M & N \ ($25,000 yearly.) \
Sew er B onds—
Total valuation 1898.. .10,731,6 J1
.. .. $266,000.. .July 1 , ’99-’34 Assessment *2 to 35 actual value
do
do .......... 1897 4
M & N (N ov. 1903-1907)
88,000 3s.Water
t ($17,600 yearly.) (
B onds—
tax rate (per M.)’9 8 ..$22-13
Sewer improvem’ts..l8 9 6 4
M&N
1899-1901 "
12,000 5s, ..... 14,000.... ....O ct. 1,1901 Total
in 1899 (est)___22,000
do
do
..1898 4
M&N
.........
4,230 5 s ,.. .. 42,000.... ....O ct. 1,1906 Population
Population
in 1890 was....... 17,336
Street improvem’t
...
18
98
_
__ 4
M&N
Nov., ’99-’08
209,000 5s, ..... 4 9 ,000.... ....O ct. 1,1911 Population in
1880 w as....... 9.466
($39,000 yearly to 1903; $2,500,’04-’05; $3,000 to ’08.)
INTEREST is paid at the National Park Bank of New York City.
The total amount o f street improvement bonds outstanding on Mar,
1,1899, was $787,370
WATER DEBT.
A N D E S . — J. F. Scott, Supervisor.
LO AN S—Interest.
.-------------Principal.This town is in Delaware County. It contains village o f same name.
Bate. Payable.
When Due.
Outstand'g.
W ater............. <8
LOANS
When Due. Ass’d valuat’n, personal. .$1 1 2 / 00
1874 7
F & A
Feb. 1, 1900
$100,000
R efunded D ebt—
do
1874 7
Total ass’d val’n. 1898... 666,960
F & A
Feb. 1, 1901
100,000
3^28,
M&S,
$111,000..Mar.
1,1900 Total tax (per $1,000) ’97.
do
1874 7
17-80
F & A
Feb. 1, 1902
90.000
(Part due yearly) to Mar. 1,1926 Population in 1892 was.........2,183
do
1874 7
F & A
Feb. 1, 1903
99.000
Total
debt
Mar.
1,1899..$111,000
do
1876
A
Population
in
1890
was
ab’t.2,264
6
F
&
Feb.
1,
1906
100,000
■£ ^
do
F & A
Feb. 1, 1908
« ® 1876 6
*50,000 Assessed valuation, real. 554,960 Population in 1899 (est)........2,600
aft 1876 6
do
F &, A
Feb. 1, 1909
50.000
do
1877 6
Feb. 1, 1911
F & A
50.000
SORLANDO LEWIS, Mayor.
do
1877 6
F & A
Feb. 1. 1912
50.000 A U B U R N ,
( J. P. JAECKEL, Treasurer.
1,1900-1901)
do
F & A Feb.
1881 4
1
0
0
,
0
0
0
This
city
is
the
county
seat of Cayuga County. In 1894 the citv pur­
$50,000 yeariy. >
chased the plant of the Auburn W. W. Co. for $425,000. A t the same
1,1900-1907)
do
F & A Feb.
1887 4
assumed
the
water company’s bonds to the amount of
40.000
$5,000 yearly. 5
$112,000, which were refunded in June, 1895.
Feb.
1,1900-1908)
do
LOANS —
When Due
F & A
67,500
Southern Central RR.—(Con.)
08b 1888 4
$7,500 yearly. 5
Local I mprovement B onds»3
3s, M&S, $40.000....M ar. 1,1906
June
1
,
’99-1908
)
............
$122,407...............................
3s,
M&S, 40,000___Mar. 1,1907
do
J & D $17,500 yearly. 5 175.000
►1889 4
Southern Central RR.—
3s, M&S, 25,000 — Mar. 1 ,1 9 0 9
4s, M&S, $ 2 0 ,0 0 0 ....Mar. 1.1910
W
ater B onds 1894—
(
Feb.
1,1900-1915)
do
1895 4
F & A
i $7,000 yearly. 5 112.000 3s, M&S, 2 0 ,0 0 0 ....Mar. 1,1900 3^28, J&D, $300,000...May 1,1914
do
3s,
M&S,
2
0
,0
0
0
....Mar.
1,1901
($25,000
due yearly) to May 1,’ 25
1896 4
F & A
Feb. 1, 1913
20.000 3s, M&S, 30,000
do
Sept. 1,1902
Water Works Co.’ s B onds as­
1896 4
F & A
Feb. 1, 1914
20,000 3s, M&S, 30,000__ Mar. 1,1903
do
sumed
City 1896 4
F & A
Feb. 1, 1915
10,000 3s, M&S, 20,000___Mar. 1, 1904 58, . . . . $ 8 1by
,0 0 0 ..............1898-1905
w
(
May
1,1899-1907)
3s,
M&S.
2
0
,0
0
0
....Mar.
1,1905
(Part due yearly.)
do
1888 312 M &
90,000
< $10,000 yearly. 5
IN TE R EST on the railroad bonds is payable at Oity Treasurer’s
Feb. 1,1910-1914)
do
1894 3*2 F & A $2,500
37,500
school
bonds
by
Board
of
Education;
on water bonds at the
due y’rly. 5
000 office of the Mercantile Trust Co., New York.
do
1897 4
M & w 5 May 1,1899-1917 )
$5,000yearly. _5 95)000
T O T A L D EB T.— The city’s total bonded debt on Mar. 1 , 1898,
1,1899-1918 )
do
1898 3*2 M & " i<May
$ 10,000 yearly. J 200,000 was $789,407, including a water debt o f $381,000.
¡May
1,1900-1919;
ASSESSED VALUATION .— In 1897 property was assessed at actual
do
1899 312 M & N
100,000
$5,000 yearly.
value, against about 70 per cent previously.




STATE AND CITY SUffiEWTEUT,

42

,-------------- Assessed Valuation.— :--------- > Bate o f Tax
Tears.
Beal.
Personal.
Total.
per $1,000.
$1,661,501
$13,443,906
$19*84
1897.................... $11,782,405
1896..............
9,527,625
1,555,529
11,083,154
......
1895.................
9,416,280
2,039,003
11,455,283
28*38
1890...................... 8,963,530
2,057,810
11,020,340
25*30
POPULATION — In 1892 population was 24,737; in 1890 itwaS
25,858; in 1880 it was 21,924. Estimated in 1898 about 32,000.

{

B I N G H A M T O N . — 8. D. KANE* Clerk.
This city is the county seat of Broome County. The water works
»re estimated to be worth $2,000,000.
School B onds—
LO ANSWhen Due.
3*28, . . . . , $30,000
A lbany & Susq. RR. B onds—
..1923-1926
3*as, M&S, $26,000.. .1899 to 1907 3*ss, . . . . , 20,000
($5,000 annually.)
($3,000 due yearly.)
W ater B onds—

B ridge B onds—

4s, S-A, $2,000.......... 1899 to 1902
($500 due yearly on Aug. 1,)
4s, ...... $33,000......................1906
3s, S-A, 7 7 ,00 0 ....................1929
3*28,...... 71,000........... 1930-1934
3*28 ,..... 4,000___ Aug. 1,1934
Cit y H all B onds-

48, F&A, $25,000... Aug. 1 .’ 15-'17
4s, F&A, 20,500.. .Aug. l , ’ 28-’29
4s........ . 50,000........ 1918-1922
($10,000 annually.)
4s, F&A, $50,000......... 1923-1927
$10,000 yearly on Aug. 1.
Fire Station B onds—

3*28........ $25,000....... 1913-’ 14-’ 15
3*28,.......
8,000......... 1899 1906
($1,000 annually.)
H ospital B onds—

7s, F&A, $3,000............1899-1900
$1,500 yearly.
7s, F&A, $7,000..........Aug. 1,1901
3s, F&A, $91,000...Aug. 1, 1907
3s. F&A, 62,000... Aug. 1,1918
Bonded debt Feb. 1 ,’99..$634,500
City has no floating debt.
Water debt (included).. $164,000
Tax valuation, real.......18,897,190
Tax valuation, personal 2,189,070
Included in above, but
exempt from taxati’n 197,940
Total valuation 1898.. .21,086,260
Assessment about % actual value.
City tax, (per $1,000) 1898.*22 78
Population in 1890 was......35,005
Population in 1880 was......17,317
Population in 1899 (est.).. .45,000

3*28, ....,$ 2 5 ,0 0 0 ........,1908-1912
($5,000 due yearly.)
3*28, M&N, $5,000..Nov. 1. 1907 |
INTEREST.—On City Hall, water, $148,000 bridge and $8,000 fire
station bonds in N.Y City. On remaining loans, City Treasurer’s office.

B R O O K L Y N .—

See New York City.

B R O O M E C O .— J o h n

A . R i d e r , T rea su re r.

County seat is Binghamton.
LOANS
When Due.

Assessed val., real.... .$31,603,575
Assessed val. .personal 3,288,186
Court H ouse B onds—
4s, F&A, $60,000.......1899 to 1904 Total valuation 1898.. 34,891,7ol
Tax rate (perM.) 1897....... 21*50
($10,000 annually.)
Bond, debt Feb. 1, ’99. $140,000 Population 1 8 9 0 ..................62,973
T“*>t TTnT7t a t /—\ $ CONRAD DIEHL, Mayor.
H U Jr -T
¿ERASTUS C. KNIGHT, Comptroller.
Buffalo is in Erie County, and the city’s tax valuation is about 87 that
o f the entire county.
LOANS—
r - Interest.— .
,----------- Principal------------NAME AND PURPOSE.
Bate Payable.
When Due.
Outstand'g
1. City Loans—V arious P urposes :

Municipal building.... 1890
Deficiency, ref..............1890
Swing bridge, ref........ 1887
Market.......................... 1890
Plank road award____ 1890
Refunaing bonds.........1896
do
do
1898
Grade crossing b’ds.. 1897
do
1898
do
do
do
1998
do
do
1898
Reimbursing bonds. .1897
S. Buff, flood bonds. .1897
Buffalo Charter loan..1891
City and County Hall.1872
do
do
1873
do
do
1873
do
1874
do
do
do
1875
do
do
1891
Schools...
..1888

3*2
3*2
3*2
3*2
3
3*2
3*2
3*2
3*2
3*2
3*2
3*2
3*2
3*2
7
7
7
7
7
4
3*2

..1889
do
Schools........................1892
1894
do
do
.1895

3*2

do

do

3*2
3*2
3*2

.1897 3*2

J & J July 1 5 ,’99 to 1905 $35,00C
95.000
M & S Mar. 1899 to 1905
45,500
J & J
Jan. 1, 1902
80.000
Apr. 1, 1920
A & O
115.000
J & D
June 2, 1910
July 1. 1916
183.000
J & J
June l , ’03-’07 \
J &D
84,548
1-5 yearly.
F & A Feb. & Jne. 1, 1917 831,927
F &A
Feb. 15,1918
89,137
Apr. 1,1918
200,000
A &O
M &N
Nov.
1918
16,913
July 1, 1916
J& J
183,000
July 1, 1927
J& J
73,000
1/99 to 1901)
J & j ] [July
1part due yearly, s 428,493
F& A
Aug. 1, 1902
100,000
M & N
May 1, 1903
100,000
M &S
Sept. 1, 1905
150,000
July 1, 1907
200,000
J & J
M &S
Sept. 1, 1910
125,000
M &S
Nov. 1, 1911
50,000
i
Aug.
1,’99
to
1908
)
F & A- ( $12,500 yearly. (| 124,000
to 1909 )
M & N-[f Nov.1,’99
$7,500 yearly. $ * 82,500
Apr. 1, 1912
150.000
& À
Feb. 1, 1914
300.000
1 1
Oct. 1,’99 to 1915 ) 010 KAo
4 & ° l $12,500 yearly. \ 212,500
t o T 5 Jan 1,1900-1917)
J ® d ) $25,000 yearly. ( 450,000

......................1898 3*« M&N{Mayo2,1899^1918J 10o,000

do

.1898 3*2 M & N P | 5V o 8^9arl9y18 {
(
1899-1917
Refunding bonds........1897 3 ^ A & O < $2,500 yearly on
Oct. 5.
2. B onds for P arks :
& J
1915-’16-’ 17
P a r k .............................. 1870 7
& J
Jan. 1, 1918
do ............................1871 7
July 1, 1919
& J
do ............................1871 7
July 1, 1921
& J
do ............................1872 7
& J
Jan. 1, 1923
do ............................1873 7
& D
Dec. 1, 1924
do ............................1873 7
& J
Jan. 1, 1924
do ........................... 1874 7
& J Jan. 1, July 1, *25
do ............................1875 7
Jan. 1, 1924
& J
do ............................1876 6
Feb. 1, 1927
do ............................1887 3*2 F & A
Jan. 1, 1925
do ............................ 1890 3*2 J & J
July 1, 1921
J
&
J
do ..............
1891 3*2
do ............................ 1894 3*2 J & J July 1,1924 &’ 26
July
1, 1910
J & J
do ............................ 1886 3
July
J & J
do ............................1886 3
I 1,. 1926
.
, QQr7 qi- t
T 5 Jan.l, 1900-1917)
do ............................ 1897
3*2 J & J$ $2,750 yearly. C
do ............................ 1897 3*2 J & J
A p r il!, 1917
do ............................ 1897 3*2 J & J _June 1,1917
. n 5 Deo.l,19CO-1917 )
do ............................ 1897 3*2 J on
® uv )I $2,750
$2,750 yearly.
yearly. J
’nel,1899-191f
Refund’s Park Bonds. 1898 3*2 J & J { $?
® -’-1-8 "yearly.
* 1®18
$12,500
3. R ailroad loan s :—
Buff.&JamestownRR.1879 5
F& A
Aug. 25,1899
do
do ref., 1893 3*2 J & J
Jan. 1, 1913
do
do ref., 1893 3*2 F & A
Feb. 1, 1913
do
do ref., 1893 3*2 J & D
June 2, 1913
do
do ref., 1895 3*2 A & O
Oot. 1. 1915




100,000
42,500
350.000
50.000
100.000
1)00,000
95.000

100,000
100,000
200,000
100,000
120,000
50.000
200,000
100,000
50.000
30.000
49.500
30.000
8,946
49.500

250,000
75.000
75.000
75.000
75.000
77.000

YoL LX\ I1I
-Principal.Outstand'g.
When Due.
Apr. 1, 1901
$30,000
Nov. 1, 1902
75.000
Jan. 1, 1904
75.000
30.000
Jan. 1, 1904
Apr. 1, 1902
75.000
75.000
Feb. 1, 1904
75.000
July 1, 1914
40.000
Jan. 1, 1906
Oct. 2, 1909
100,000
July 1, 1910
100,000
Dec. 15,1910
100,000
July 1, 1911
100,000
July 1, 1912
100,000

LOANS-

,— Interest.— .
AND PURPOSE.
Bate Payable.
Buff. N.Y. & Phil. RR., 1884 4
A & O
M & N
Buff. & Jamest’n RR., 1884 4
J & J
do
do
1885 4
J & J
Buff. N.Y. & Phil. RR., 1885 4
Buff. & Jamest’n RR., 1888 3*2 A & O
1886 3*2 F & A
do
do
do
do
1894 3*2 J & J
Buff. N.Y. & Phil. R R , 1886 3*2 J & J
do
do R R , 1889 3*2 A & O
do
do ref., 1890 3*2 J & J
do
do ref., 1890 3*2 J & D
do
do ref., 1891 3*2 J & J
do
do ref., 1892 3*2 J & J
name

4. Se w e r L o ans :—

......................
............... ........ 4
M & N
May 1, 1913
238,000
Bird Avenue...............1883
Buffalo Trunk 1888-90....... 3*2 F & A |^aftYue9yeariy° £ 315,000
F & a jA
u g .l,1899-1916)
do
1886-87 3
j? « a ^.................
p ar^ due yearly, > 185,000
30.000
May 1, 1911
M
&
N
Babcock & Seneca St.,1886 3
30.000
May 1, 1912
M & N
do
do
3
200,000
July
1,
1918
J
Bailey Avenue...
3*2 J &
200,000
Aug. 1, 1917
F & A
Hertel Avenue___ ....1 8 8 7 3
5. T a x Loans

Tax loan............... ....1 8 8 0
do
............... ....1 8 9 4
do
............... ....18 9 5
do
....1 8 9 6
do
............... ....1 8 9 7
do
............... ....1 8 9 8
6. W ater B onds :

4*2
3*2
3*2
3*2
3*2
3*2

J
F
F
F
A
F

$200,000
204,568
359,332
527,765
571,946
466,003

June 28,1900
Aug. 15,1899
Aug. 1, 1900
Dec. 1, 1901
Oct. 1, 1902
Aug. 15, 1903

& D
& A
& A
& A
& O
& A

200,000
Sept. 1, 1903
100,000
Apr. 1, 1905
100,000
July 1. 1906
300.000
Aug., 1908-09
79,382
Oot. 1, 1908
100.000
Apr.
25,
1899
5
50.000
July 1, 1904
4
100,000
Sept. 1, 1904
4
100,000
Apr. 25,1900
4
90.000
Apr. 1, 1901
4
100,000
Nov. 1, 1911
4
100,000
July 1, 1905
3*2 J & J
100,000
Oct. 1, 1903
3*2 A & o
100.000
Moh. 1, 1906
3*2 M & s
60.000
Apr. 1, 1906
3*2 A & o
100.000
June 1, 1902
3*2 J & D
57.000
June 15,1908
3*2 J & D
275.000
June15,1914
3*2 J & J
100.000
Deo. 1, 1908
3*2 J & J
225.000
May 1, 1919
3*2 M & N
155.000
Oct.
1,
1909
A
&
0
3*2
150.000
J & J 1910
3*2 J & J
100.000
Jan.
1,
1911
J
J
&
3*2
50.000
Aug. 1, 1911
3*2 F & A
100,000
Oct.
1,
1912
A
&
O
3*2
100.000
Dec. 1. 1912
3*2 J & D
160,000
J u ly’ P9-1914
3*2 J & J
Jan. 1,1916
50.000
3*2 J & J
( 1899-1917.
380,000
Water Refunding ....1 8 9 7 3*2 J & D ^ $20,000 yearly
t on June 1.
FREEDOM FROM TAXATION .—The Buffalo trunk sewer bonds
are exempt from city taxation.
IN TER EST— W HERE PA YA B LE.—Interest on the bonds is payable
by City Comptroller in Buffalo and by the Gallatin National Bank in
New York, as follows *

.................. ....1 8 7 3
................ ....1 8 7 4
.................. ....1 8 7 0
................. 1874-75
.» ............... ....1 8 7 4
................. 1879-80
.................. ....1 8 8 0
.................. ....1 8 8 0
.................. ....18 8 1
.................. ....1 8 8 4
___1891
do .................. ....1 8 8 5
do .................. ....1 8 8 6
do .................. ....1 8 8 7
do .................. ....1 8 8 7
do .................. ....18 8 8
do .................. ....18 8 8
do .................. ....18 8 8
do .................. ....18 8 8
do .................. ....18 8 9
do .................. ....18 8 9
Water refunding. ...,1890
....1 8 9 1
do
do
Water refunding. ....1 8 9 1
....1 8 9 2
do
do
....1 8 9 2
do
do
....1 8 9 4
do
do
....1 8 9 6
do
do
Water
do
do
do
do
do
do
do
do
do

7
7
7
7
7

M&
A &
J &
F &
A &
A &
J &
M &
A &
A &

S
0
J
A
O
O
J
s
o
o

- I n terest P a y a b l e .-

In New York only—
Volunteer relief.
Sewer bonds—
Hertel Avenue.
Babcock & Seneca St.
Bird Avenue.
Bailey Ave. sewer.
Buffalo Charter, 1891.

In both N. T. & Buff.
School bonds.
Buffalo Trunk sewer.
Swing bridge.
City
and County Hall.
Market bonds.
Grade crossing.
Plank road awards.
Park
bonds.
Municipal Court b’ld’g.
Railroad bonds.
In Buffalo only—
Refunding bonds.
School bonds.
Deficiency loan.
Monthly local work.
Tax loans
Water loans.

T O T A L D EBT,SINKING FUNDS, E tc —
Jfar.l, 1899.
Total bonded debt........ $16,586,640
Sinking funds................ 1,488,361

July 1,1898.
$16,079,628
1,257,845

July 1,1897$13,803,079
537,043

Net debt....................$15,098,279
$14,821,783
$13,266,036
Water debt (inol. above) 3,811,882
$3,821,882 ^
$3,515,882
The sinking funds are all invested in the city’s own bonds.
C IT Y P R O P E R T Y .—The city owns real estate estimated at $10,611,772; personal property valued at $8,459,933; total, $19,071,705.
This total includes the water works, real estate, valued at $690,405
and personal property valued at $7,769,529. The total resources o f
the city on March 1, 1899, including the above property, were figured
by the Comptroller at $24,977,033 and the total liabilities at $16,586,640, leaving $8,390,393 as the excess of resources over liabilities.
ASSESSED VALUATION —“ Assessment is made upon the nomioal
real value.”
,------------------Assessed Valuation.------------------.
City Tax
Tears.
Beal.
Personal.
Total.
per $1,000.
1898........... $230,425,520
$15,249,110
$245,674,630
$18*04
1897.......... 230,698,810
16,689,465
247,388,275
14*18
1896.......... 225,485,795
13,486.550
238,972,345
15 0 2
1895.......... 220,290,690
14,360,710
234,651,400
15*39
1890.......... 151,356,325
11,003,125
162,359,450
14*68
1880..........
81,708,905
7,523,580
89,232,385
14*16
POPULATION. —In 1892 population was 278,796; in 1880 it was
255,664; in 1880 it was 155,134; in 1899 estimated at 380,000.

C A N T O N .— This village is in St. Lawrence County.
LOANS—
When Hue. Bonded debt Sept.l, ’98.. $75,800
Sinking fund assets........
6,000
S e w e r B onds —
3*28, J&J, $35,000 ...J u ly 1,1919 Assess’d valuation 1898.1,201,470
Vil. tax rate (per M.) ’9 s
9*49
W a t e r B onds —
2,580
3*28, J&J, $40,000___July 1,1909 Population in 1890 w a s..
C A T S K I L L . — J. H . S t o r y , Treasurer.
This village is in the town of the same name in Greene County.
LOANS—
When Due. Interest on village bonds is payable
at the CatskillNational Bank.
V il l a g e W a t e r B onds —
Village debtMar., 1898.. $152,000
($1,000 each.)
11,000
4s, J&J, $147,000.. $5,000 due y’rly Town debt March, 1898.
Village tax valuat’n, *97.3,300,000
T o w n I ro n B r id g e B onds 48, J&D, $6,000........ June 1,1899 |Town tax valuation,’97. 4,401,715
($2,000 due yearly) to J’ne 1,1901 Population of village, 1890..4,915
|Population o f village 1897...6,000

April, 1899,
C A T T A R A U G U S

C O .— W

m

Treasurer.

. Ely,

Little Valley is the county seat.
R efunding B onds— When Due. I Assessed vacation ’98.$25,201,250
4s,
$50,000.. Mar., 1900 to ’04 Population in 1890 was ...60,866
Bonded debt Feb. 6,1899.$50,000 !
a l7 ' P M r ^ t 7'T A
5 P. H. DONNELLY, President.
CJ V 1 A . — ¿A . E. FITCH, Village Clerk.
Cazenovia is in Madison County.
When Due, Tax valuation, real..........$796,075
LOANSW ater B ondsTax valuation, personal. 147,350
3128, MAN, $41,000... Nov. 1,1914 Total valuation 1898....... 943,425
Sew e r BondsAssessment not 12 actual value.
48, M&N, $31,000.......May 1,1915 Total tax (per $1,000) ’98..$27*40
Population in 1898 (est.).......1,945
Interest payable in New York.
Total debt Feb. 1 ,1 89 9 ... .$72,000 Population in 1890 w as........ 1,987
TA X FREE.—All bonds issued by this village are tax exempt.

p

C H A R L O T T E . — P. M. S c h w a r t z , Clerk.
This village is in Monroe County.
Sewer bonds. 4 1*8...............$15,000 Assessed valuation per*l. $80,600
W ater BondsTotal valuation 189*........ 7 « 0 ,1ÒÒ
4128, Ann., $25,000.................. 1928 Assessment about 12 actual value.
E lectric-L ight Bonds—
City tax (perM) 1898.......$8 f>33
412s, Ann., $10.000.................. 1923 Population in 1890 w as........... 930
Bonded debt Feb. 3, ’99 ..$50,000 Population in 1898 (was)___1,305
Assessed valuation, real. 679,500

C H E STE R

F * NOONAN.Clerk.
_
1RLAND, Treasurer.
This village is in Orange County.
LOANS—
When Due. Total valuation 1898....... $506.125
W ater WorksAssessment about *2 actual value.
48, J&D, $53,000........ Dec. 1,1917 Tax rate (per M.), ’98..........$22*93
Total debt Feb. 1,1899....$55,000 Population 1890 w as...........:.1,485
Tax valuation, real............341,028 Population 1899 (est.)............1,300
Tax valuation, personal..165,100
IN TE R E S T on the bonds is payable at the Chester National Bank.
p n R T

'C’ Q 'K 'T T t
5IRVING VAN VARIC, Mayor.
— f A. C. KILMER, Treasurer.
This village is in Schoharie County.
LOANS—
When Due.
Village has no sinking fund.
Sew er B ondsTax valuation 1898 ...$1,373,975
48, F&A, $13,500 ..........Feb., 1900
Assessment is 23 actual value.
($2,000 due yearly) to Feb. 1,1906 State & Co. tax (per $1.000).$2*86
W ater W orks—
City and school tax, ’9 8 __ $8*75
3*88,F&A. $56,000...Feb. 1,1900 Population in 1890 w as .......1,822
(Part due yearly) to Feb. 1,1917 Population in 1899 (est.)...... 2,600
Total debt Feb. 1,1899....$69,500
INTEREST on sewer bonds is payable at First Nat. Bank, Cobleskill
on the water bonds at the office o f the State Comptroller, Albany.

C O H O E S .— M

il l e r

H ay,

This city is in Albany County.
LOANS—
When Due.

Cemetery B onds—

4s.......... $3,500.........July 1,1899
($5 0 due yearly) to July 1,1905
4s, J&J, $5,000..........July 1,1901
City H ale Bonds-

48, Ann., $30,000,...Deo. 15,1909
($5,000 due yearly) to Deo. 15,1914
4s.......... $70,000__ Deo. 15,1915
($5,000 duey’rly) to Dec. 15,1928
Cit y H ospital B onds-

48, . . . . $13,0 0 0 ....July 1,1899
($1,000 due y’rly) to July 1, 1911
4s......... $5 ,00 0 .... July 1,1912
F ire L oan B onds—

4s, J&D, $6,000........ Dec.31,1899
($3,000 due y’rly) to Deo. 31,1900
I mprovement B onds—

4s, J&J, $1,933.......Jan. 1,1905
3*ss, J&J, 15,680...Jan .,’2 9 t o ’31
School B onds—

Chamberlain.

W ater Bonds—

7s, J&J, $ 3 0 ,0 0 0 ....July 1,1899
($2,000 due yearly) to July 1,1913
7s, J&J, $12,000___July 1,1899
($1,000 due yearly) to July 1,1910
4s, J&J, $65,000(c*r) July 1,1918
Subject to call July 1,1903.
4s, F&A, $25,000.... Aug. 1,1907
($5,000 due yearly) to Aug. 1,1911
4s, J&J, $75,000(reg.)July 1,1920
Subject to call July 1,1905.
4s, J&J, $ 1 4 ,0 0 0 ....July 1,1923
4s, J&J, $25,000........July 1,1905
($5,000 due yearly) to July 1,1909
4s, J&J, $15,000....... Jan. 1,1900
($i,000 due yearly) to Jan. 1,1914
Bonded debt Mar. 1, ’ 98..$428,402
Water debt (included)___ 249,000
Tax valuation, real.......10,600,78»
Tax valuation, personal 1,119,850
Total valuation 1898... 11,720,639
City tax (per $1,000) ’ 98....$12*00
State & co. tax (per $1,000).. 5*15
Population in 1892 was__ 23,234
Population in 1890 was__ 22,509

4s.........$17,000......... July 1, 1899
($1,000 due y’rly) to July 1, 1915
4s, J&J, $15,0 (0.. July 1,’09 to ’ l l
($5,000 due yearly.)
4 s , .......$5,000...........July 1,1916
IN TE R ES T on 7 per cent water bonds is payable at the Nat. Bank of
Cohoes; on $*15,000 of 4% water bonds at the Manufacturers’ Bank,
Cohoes; on all other bonds by the Central Trust Company.

CO LLEG E

P O I M T - -See New York City.

C O L U M B IA

C O .— G eo r g e H. M

County seat is Hudson.
LOANS—
When Due.

R efunding B onds—

4 &312S, M ar.l, $14,000.1900-1901
($7,000 due yearly on Mar. 1.)
4&3iss, Mar.l,$6,000.Mar. 1,1902
3*28, Mar. 1, $35,000.... 1903-1909
($5,000 due yearly on Mar. 1.)
3ias, Mar. 1, $12,500.M ar.l,’ 10-’ l l
3*28, Mar.l, 20,000.Mar. 1,1912-3
3*28, Mar.l, 24,100.Mar. 1,1914-8
A rmory B onds-

48, M&S, $20,000..........1903-1909
($3,000 yearly to Mar. 1,1908)

acy

,

Treasurer.

F unding B onds—

4, M&S, $ 5 5 ,0 0 0 ....March, ’ 09-’ 16
($5,000 yearly to ’ 13, inc., $10,000
to ’ 16.
Int. payable at County Treasury.
Bonded debt Mar.l,1899.$179,600
Tax valuation, real.. ..$22,385,866
Tax valuation,personal 3,002,401
Total valuation 1898.. 25,388,267
Assessment is 4-5 actual value.
Population in 1892 was.......45,205

C O R N I N G ; . — F . J. B a n t l e y , City Clerk.
This town, including the city of the same name, is in Steuben County.
_ LOANS—
When Due. 4s, J&J, $35,000............ 1936-1939
City B ridge B onds($10,000 annuaUy 1936-1938 and
48, F&A, $8,500.. .Feb., 1898-1908
$5,000 1939.)
(Part due yearly.)
School B onds 1895—
C ity RR. B onds4s, M&S, $26,000.Mar. 1, ’18 to ’ 30
78, J&J, $34,000.......... Jan., 1902
($2.000 due yearly.)
City H all B onds—
4s, M&S, $500............Mar. 1,1931
4s, $3,000.....................Oct. 1,1902 Tot. city debt Jan. 1, ’99.. $225,5 50
4s, 25,000.....................Oct.’ 1,1903 Sinking funds..................
34,535
($5,000 due yearly) to Oct. 1,1907 Tot. valuation of city ’98.5,861,240
Cit y Sew e r B onds—
Population, city, 1890......... 10.118
7s, J&J, $50,000. .Jan., 1908 to ’ 17 Population, city, 1897 (est.).12,000
R iver B onds 1896—
Population. town,1893(est.) 12,000
4s, J&J, $100.000.Julyl,’26to*35
($10,000 due yearly.)
IN TE R ES T is paid by the Knickerbocker Trust Co., New York.




48

*

C O R T L A N D V I L L E .—
This town, Including Cortland village, is in Cortland County.
LOANS —
When Due. |Paving bonds4s.$14,776.10-20yrs.
TOWNr D
bt
T' eTI'ir’
r" Town debt Nov. 1 , 1898.$148,000
R efunding B onds—
j Village debt Mar. 1,1898. 106,776
3*28,.......$46,000.......... 1899-1918 Tax valuation, real......... 5,132,175
(Part annually.)
I Taxvaluation,personal.. 852,795
.1899-1915 I Total valuation, 1897....5,984,970
4 s ,.......$106,000...
(Part annually)
I Total tax (per $1,000) ’97. $6*10
VILLAGE DEBT—
I Population o f T’n 1892 was 11,733
Nor. School 4s .$14,000
......... I Population of T’n 1890 was 11,451
Union Sch’l 3^8. 20,000
1902 I Population 1894 (est.) was 12,000
Sewer bonds, 4s. 58,00010-20yrs I Population of Vil. 1890 was 8,590

D E L H I . — This town is in Delaware County.
W ater Loan LOANS—
When Due.
N. Y. & Oswego M idl ’ d RR.—

3128, Ann., $40,000........ 1899-1908
($4,000 due yearly on May 1.)
3*28, Ann., $30,000............1910-14
($6,000 due yearly on May 1.)
3*28, Ann., $102,000..May 1,1915
Interest is payable at Albany.
3*28, Ann., $20,000. .Feb. 1,1900-9
($2,000 due yearly.)

48, M&N, $60,000............................
Total debt Mar. 1,1898. $258,000
Assessed val’n, real___$1,098,595
Assessed val’n, pers’l . .. 211,529
Total valuation 1897... 1,310,124
Assessment about *2 actual value.
Total tax (per $1,000) ’97...$18*45
Population in 1892 w a s ......2,793
Population in 1890 was........2,908
Population in 1880 was........2,941

TA X FREE. -The bonds are exempt from taxation,
This village is in Erie County.
D E P E W .
LOANS—
When Due. Net debt Jan. 1,1898........$83,200
4s, M&S, $80,000.......1902 to 1921 Assessed valuation ’ 97. 1,850,850
($4,000 annually.)
Population 1898..................... 2,860
P i t t m i v t *d tv**
5 ALEXANDER WILLIAMS, Mayor.
LJ LI IN I V l r Y I V . — I w . C. BAUMGARTNER, Clerk.
This city is in Chatauqua County.
LOANS—
Amt. Outstand'g.
LOANS—
Amt. Outstand’g,
School bonds..................... $89,000 Total valuation 18 9 7__ 3,444,894
Street improvem’t bonds. 64,608 Assessment same as actual value.
Town bonds.......................
2,000 City tax (per $1,000) ’97.......$9*90
Water bonds..................... 123,600 Population in 1890 was....... 9,416
Warrants
.................... 14,251 Population in 1880 was....... 7,248
Total debt Feb. 1, 1899.. 293,459 Population 1896 (local est.). 12,500
17 T tv/T T D A
5 EDGAR DENTON Mayor.
E il—.IV li ir t A . — £ M. H. MURPH Y, City Clerk.
Elmira is the capital of Chemung County.
LOANS—
When Due.
Pa r k B onds (Eld . Pk .)—
B ridge B onds—
3s, r, M&S, $3,500 b.Sept. 1, ’99
3*28, r, A&O, $90,000 g.
P avement B onds—
Oct. 1,1922-3-4 3!28, r, M&S,$20,000 g.Nov.15, ’ 28
($30,000 yearly.
3*28,^ M&N, 20,000g.Nov. 15, ’ 29
3*28, r, A&O, $25,000 g .Oct. 1 ,’ 25 4148, M&S, 20,000 . Sept. 1,1931
Cemetery B onds4s,
M&S, 3.000..Sept. 1,1932
48, ..........$6,000............. 1899-1902 4s,
M&N, 27.000..Nov* 1, 1932
($1,500 yearly.)

4 s , ........ , $2,000......................1903
City H all B onds—
3^28, r, A&O, $5,000 g ..Oct. 1, ’ 25
3 128, r, A&O, 60,000 g.Oot. 1, ’26-7
3128, r, A&O, 10,000 g.Oct. 1,1928
414s, M&S, 5,000..8ept. 1,1929
4I*s, M&S 30,000..Sept. 1,1930
4148, M&S, 10,000.. Sept. 1,1931
F ire D epartment—
312s, J&J, $12,000.. Jan. 1,1910
F unding D ebt Bonds48, ..........$6,000.............1899-1904
($1,000 yearly.)

........ , $21,000....... 1___ 1905
4s,
4s, M&N,
7,000 a Nov. 1,’99-05
($1,000 yearly.)
4s, M&N, $14,000a.Nov. 1,1906
312s,r, M&N, 8,000 a,N ov.l5 ’99-06
($1,000 yearly.)
3i2S,r, M&N, $20,000 a.Nov. 15,’07
4s,
M&N, 9,000aN ov. l ’99-07
4s,

($1,000 due yearly.)
M&N, $ 8,0 0 0 ..Nov. 1,19 0 8

3128, . .., 10,000....... N o v .,’ t)9-’08
3»28, . .., 18.000........Nov. 1,1909
3*28, . .., 29,000___Oct. 1, ’ 99-’ 27

R edemption Bonds—

3*2S, .......... $235,000.. .1912-’21
3*2, A&O,
29,000..Oct. 1, ’99
($1,600 due yearly.) to Oct. 1, ’ 27
School Bonds-

48,
4s,
48,
4s,

r, M&N, $10,000. July 1,1902
r, M&N, 20,000. July 1,1903
r, M&N, 28,500 July 1,1904
r, M&N, 30,000a.,
Aug. 1,1907-8-9
($10,000 yearly.)
4s, . ....,$ 1 6 ,5 0 0 ............. 1911
3s, r, J&J, 10,000 g.July 1 ,’99
3igs,r; M&N,
2.000 a. May 1 ,’ l l
4s, r, M&N, 20,OOOg.May 1, ’ 10
4s, r, M&N, 20,000g.May 1. ’ l l
4s,
M&N,
4.000 May , ’01
4s,
M&N,
5.500 fMay
i i 1, ’02
4s,
M&N,
8.000 May 1 , ’05
4s,
M&N, 12,000 May 1, ’07
4 s,
M&N,
21,000 May 1, ’08
M&N,
8.500 May 1, ’09
Sew e r Bonds—

4*28,0, F&A,
r, M&S,
r. M&S,
r. M&S,
r, M&S,

$9,000a.Aug. 1, ’99
IO.OOOa.Sept.1, ’99
20,000a.8ept.l, ’00
20,000a.Sept.l, ’01
IO.OOOa.Sept.1.’ 02

a $1,000 each, to $500 each, f A single bond for $4,000. s $5,000
each, c Coupon r Registered.
The only provision for paying the city’s indebtedness as it matures
is direct taxation, excepting the cemetery bonds, which are paid from
cemetery funds.

. T O T A L D EBT.— The subjoined statement shows Elmira’s total

bonded debt on the dates indicated:
Feb. 1, ’ 99.
Feb. 1, ’98.
Total bonded debt ..$1,020,000
$1,026,000

Feb. 1, ’97.
$971,000

Feb. 3, ’96.
$877,000

ASSESSED VALUATION .— Assessed valuation is about two-thirds
actual value.
Beal
Tears.
Estate.
1898.................... $15,518,131
1897.................... 15,515,855
1895.................... 14,894,645
1890.................... 12,258,494
1880.................... 9,959,975

Personal
City Tax
Property.
Total.
p er $1,000.
$1,653,190
$17,171,321
$16*98
1,818,690
17,334,545
16*98
1,545,892
16,440,537
17*18
1 116,200
13,374,694
14*15
511,300
10,471,275
13*15
„P O P U L A T IO N .—In 1892 population was 29,911; in 1890 it was
29,708; in 1880 it was 20,541. In 1898, estimated, 42,000.

E R I E C O U N T Y — F NO* w * NEFF* Auditor.

~
■ ( WADSWORTH J. ZITTEL, Treas.
County seat is Buffalo.
LOANS
When Due.
LOANS—
When Due.
C ounty Bonds
County Bonds—(Con.)
7s, J&J, $300,000...........1899-1907 4s, F&A, $30,000....... 1892 to 1912
7s, J&J, 1 0,000...........1907-1910
($10,000 every tifth year.)
6s, M&N, 100,000...........1911 1914 Total debt Aug. 1,1898..$639,000
4s, M&N, 21,000........ 1899-1904 Assess’d val’n, real .271,977,192
($6,000 yearly on July 1 .)
Assessed val’n, pers’l. 17,618,263
4s, J&J, $18,000............ 1899-1901 Total valuation 1898. 289,595,455
($6,000 yearly on July 1 .)
State & Co. tax (perM.)’99...$4*40
4s, M&N, $70,000...........1900-1907 Population in 1892 w a s ...278,727
($7,000 yearly on Nov. 1 .)
Population in 1890 w as.. .322,981
Population ’85 (police cen.) 403,026

44

Vol. LXV1II

ST*T£ ANO CITY SUpflEMENT.

F A R R O C K A W A Y . — See New York City.

G R E E N E . —Geo. L. Page, Supervisor.
This town is in Chenango County.

F L A T B U S H . — See New York City.

LOANS—
When Due. I Assessedvaluation.per’l. $260,600
R ailroad -A id B onds—
1 Total valuation 1898— 1,652,600

F L A T L A N D S . — See New York City.

7s, J&J, $198,700 . . . Jan. 1.1900 i Tax rate (per $1,000) 1898..$9*10
Bonded debt Jan. 2, ’99. $198,700 Population in lc 9 0 w as........ 3,164
Assessed valuation.real.1.392,000 |Population in 1899 (e s t.)....3,200

F L U S H I N G . — See New York City.

G R E E N E C O U N T Y . — J udson A. Betts, Tr.

l? D T 7 T \ n \ T T A
i
R MOORE, Mayor.
r JrtJl.iJC JJN 1 A . — £ h . L. CUMMING, Treasurer.
This village is in Chautauqua County.
LOANSWhen Due. Total debt Feb. 1 ,1 89 9 .. $113,000
Tax valuation, real........1,295,230
W ater B onds (1884)—
48, P&A, $60,000...... Aug. 1,1839 Tax valuation, personal. 224,530
($2,500 due y’rly) to Aug. 1,1922 Total valuation 1898— 1,519,760
4s. M&S, $20.000...... Sept. 1,1930 Assessment abt. 80% actual value.
Total tax (per $1,000) ’98..$20*97
V illage H all B onds—
3*28, A&O, $26,000... part yearly j Population 1890 was............. 3,400
Population
1899 (estimated).4,100
School B onds—
3*28, Oct., $7,000......
$1,000 yearly Oct. 15
INTEREST on the water and hall bonds is payable in N. Y, City
and on the school bonds at the Comptroller’s office, Albany.

G E N E S E O . —W. W. K illip , Treasurer.
This village is in Livingston County
$5,000
LOANS—
When Due. Sinking fund....................
Net debt Feb. 1 ,1 8 9 9 ....
65,000
Se w e r B onds—
3*28, J& J, $10,000...July 1,1900 Tax valuation, real........ 1,100,860
3*28, J & J, 10,000... July 1,1910 Tax valuation, personal. 1,141,204
Total valuation 1898-----2,242,064
W ater B onds—
3 iss, M&N, $20,000...May 1,1907 Assesment about *5 actual value.
3las, M&N, 25,000.. .May 1,1917 Total tax (per $1,000) 1898.$5*33
4ias, M&N, 5 ,000...Nov.,’0 0 ’02 Population 1893 (est.)..'....... 2,450
Total debt Feb. 1,1899...$70,000 Population 1890 was..............2,286
Accrued interest on sinking fund not included in above figures.
INTEREST on the sewer bonds is payable in Schenectady ; on the
water bonds in New York City.
. y t-*'xTf< m a t t c
5 WM. M. HASKELL. President.
VjrJ-iXlirN O r A L L i O . — \HERBERT HORTON, Treasurer
This viUage is in Warren Countv.
LOANS—
When Due. Interest payable in Glens Falls.
Bonded debt Jan.1,1899. $338,000
Sew er B onds—
3 *28, Sept., $167,000........ 20 years Tax valuation, real........ 4,134,015
(Part due yearly) after 15 years Tax valuation, personal.1,692,381
Total valuation 1899___5,826,396
W ater B onds—
5s, M&S, $5,000....
1899 Assess.valuat’n abt.s5 actual value
Ac tat au nnn 5 1899 to 1917 Vil. tax (per $1,000) 1899..$10*62
4s, J&J, 86,000.. ^¡g2jooo yearly Population in 1890 was ... 9,509
._ n j.a anrnn 5 1900 to 1914 Population in 1899 (est.).... 15,000
4s, M&S, 80,COD.. ^$5,000 yearly

Glens F alls U nion F ree School D istrict .—
loansWhen Due. ( Bonded debt J a n . 1, ’99, $40,000
5 s ,.......$40,000......... 1899 to 1906 IAssessed val’n ’ 98 (est.).4,723,000
I Population 1899 (est.)........ 14,000
($3,000 annually on Dec. 1.)

County seat is Oatskill.
When Due. Tax valuation, real....$11,832,570
Tax valuation, personal 1,7 52,919
3*28, M&S, $20,000.Mar. 1,1900 Tax valuation 1898___13,585,489
3*28, M&S,
20,000.Mar. 1,1901 Tax rate per ($1,000) ’98...... $8*84
3*28, M&S,
115,000.Mar. 1,1902 Population in 1899 (eit.)...32,000
Interest payable at Co’y Treasury. Population in 1890 was.......31,598
Total debt Mar. 1,1899 . $155,000 I
LOANS—
W ar L oan—

H A M D E N . — This town is in Delaware County.
LOANS —
When Due- Total debt Jan. 1 ,1 8 9 8 ... $79,000
Assessed valuation, real.. .501,313
R efunding Bonds—
3*28, Feb. 1, $9,000....... 1900-1914 Assessed valua’n, personal 63,086
($600 due yearly on Feb. 1 ) Total valuation 1897.........564,399
3*28, Feb. 1, $13,000.. Feb. 1,1915 Total tax per $1,000 1897. 17*08
3*28, May 1, 22,600 .. .1899-1914 Population in 1892 was........ 1,455
($1,400 due yearly on May 1.) Population in 1890 w as........ 1,507
3*28, May 1, $32,000.. May 1,1915
INTEREST is payable at the American Exch. Nat. Bank, N. Y. City

H A N C O C K . — This town is in Delaware County.
LOANS —
When Due,
B ridge B onds (1891)
4s, Mar., $6,000___ Mar. 1,1900
($2,000 due yearly) to Mar. 1,1902
R efunding RR.B onds :
4s, M&S, $53,000....
Various.
Bonded debt Mar. 1, ’98. $63,000

Tax valuation, real.......$1,132,964
Tax valuation, personal.
86,100
Assessed valuavn 1897.-1,219,064
Equalized valuation.......1,042,268
Total tax per $1,000 ’97.
16*69
Population in 1897 (est.).......5,000
Population in 1890 was.........4,745

T A X F R E E .—The refunding bonds are exempt from taxation.
INTEREST on railroad bonds is payable at the Farmers’ Loan& Tr.

Co , New York; on bridge bonds at the Delaware Co. Bank,Walton, N.Y.

H E M P S T E A D . — Hempstead is in Queens County and the
town originally included Far Rockawav, Hempstead, In wood. Law­
rence. Rookaway Beach and Seaford villages. On Jan. 1,1898, that
portion of the town lying “ westerly of a straight line drawn from the
southeasterly point of the town of Flushing through the middle of the
channel between Rookaway Beach and Shelter Island, in the county
of Queens, to the Atlantic Ocean,” became part
under the Greater New York Charter. The amount of the outstanding
bonds of this town which w ill be chargeable to the City of New Y ork
has not yet been judicially determined,
LOANS—
When Due. Stewart fund......................$400,000
Net debt Deo., 1896........ 115,000
R oad B onds—
„_ ’
4s. J&J, $40,000....... 1898 to 1901 Ass’d valuation, real.. .10,241,723
Ass’d
valuation, personal 396,550
($10,000 due July 1 each year
4s, J&J, $420,000.................... 1923 Total valuation 1897...10,638,273
State & Co. tax per $1,000.$16 40
D rawbridge B onds—
4s, J&J, $10,000.. .July, ’98 to ’99 Present population about..30,000
($5,000 due yearly.)
___ Population in 1892 was___23,991
Population
in 1890 was___23,756
Total
1896....$515,000
flail debt
UOU« Dec.,
$xwu
v*. •••'r>*
*
(For debts of Hempstead School Districts see “ Additional State­
ments” at end of New York State.)
IN TFRFST on the road bonds due 1897 to 1901 is payable at the
Freeport Bank and on those due in 1923 at the First National Bank o f
Hempstead; other interest at the office of the Town Supervisor,
TO W N P R O P E R T Y —I** addition to the Stewart fund ($400,000)
derived from the sale of common lands to the late A. T. Stewart, the
town owned Long Beach and some thousands of acres of meadow land.

r / Y i t P D C t n T T t?
JO. S* CUMMINGS, Mayor.
L x L jC J V TLJrtO V lJL.l_i.ti..— ¿ o . L. EVEREST, Chamberlain
Gloversville, which is situated in Fultou County, was incorporated
a city March 19,1890, having theretofore formed part of the town o f
Johnstown. On the separation the city was assigned a portion of
Johnstown’s debt. (See Johnstown.)
LOANSWhen Due.
LOANS—
When Due.
D eficiency B ondsR ailroad B onds— (Con.) CJOHN METZLER, President.
48, M&N, $28,000........ May 1,1922 3*28,A&O, 2 3 ,0 0 0 ....Apr. 1, 1913
Local I mp . Bonds—
3*28, F&A, 2 7 ,0 0 0 ....Feb. 1,1917 H E R K I M E R , *I BENNETT MORRIsS, Treas.
School B onds4*28, Feb. 1, $5,100..,.. Feb. 1,1900
This village is in Herkimer County.
W ater W orks —
4*28, Feb. 1, 2,800..Feb. 1, ’OO-’Ol 48, Oct. 1, $8,000...Oct. 1. ’ 99-’00
LOANS—
When Due.
3*28, July 1, $50,000. June25,1908
4 *28, Feb. 1. 8,400. .Feb. 1, ’00-’02 3*28,........ 18,000........ 1899-1904
E lectric-Light P lant$2,800 due yearly.
$3,000 due annually.
48, June, $14,000....
1911 3*28, July 1, 7,000.Mar. 7,1904
Water L oan3*28,........ $5,000........ May 1,1906
4s, . . . . , $13,500............................... Total debt Dec. 1,1898..$142,000
Assessed valuat’n 1897.3,418,487
4*28,........ 2,900...... 1900-1903 68, Sept. 1, $23,000...Sept. 1,1902
Sewer B onds 4*28, Feb., 10,200...Feb., 1900-’04 6s, Sept. 1, 23,000...Sept. 1,1907 5s........... $ 25,000.... Aug. 1,1903 Assessm’t is at actual value.
R ailroad B onds5s, Jan. 1, 17,500...Jan. 1,1910 3 4 s ........ 30,0 0 0 .... Aug. 1,1913 Tax rate (per $1,000) 1897.. $7*71
55,000..Aug. 1, 1909
48, A&O, $14,000 ......Apr. 1,1915 3s, F&A,
Population in 1897.................4.907
School bonds —
3*28, A&O, 22,000.......Apr. 1,1911 3**s, A&O, 50,000...Apr. 1, 1915 5s, . . . . , $16,< 0 0 .....
1917
INTEREST on the electric-light bonds is payable in New York City;
INTEREST on the water bonds issued in 1885 and 1889 and on the
sohool bonds is payable at the Fulton County National Bank o f Glovers­ on the water bonds at the State Capital, Albany, N. Y,
ville ; on all other issues at the Fourth National Bank, New York.
T O T A L DEBT, Etc .—The city’s total debt on Feb. 3, 1899 was H O O S I C K F A L L S . — This village is in Rensselaer Co.
$344,«00. Water debt (included) $171,500. The city has no sinking fund.
valuation, real...... $1,667,354
LO ANS- ,
■, Wh'n Due. Tax
Tax valuation, personal.
455,650
W AT E R W O R K S .—Net earnings from water works for year ending
Sewer Bonds (reg.)
Total
valuation 1897... 2,123,004
February l , 1899, were $17,329*74.
1899
4s, J&J, $32,500........ July 1,
1911 Assessment 75% of actual value.
($2,500
due
yearly)
to
July
1,
ASSESSED VALUATION was formerly *3 aqtualvalue, but in 1897
Village tax rate (per M.),’97 $10*10
IMPROVEMENT BONDS—
was greatly increased.
3*28,.......$ 5,000....July 1, ’99^’<*8 Population in 1890 was.........7,014
,--------------- Assessed valuation-------------------- , Tax rale
Floating d e b t . . .. . . . . . . . .
f§,725 Population in 1880 w as.........4,530
Tears.
Beal.
Personal.
Total.
per $1,000. Total
debt Mar. 1,1899..
46,225 Population in 1898 (est.)____ 5,046
1898.................$5,425,005
$673,000
$6,098,005
$22*5“
INTEREST is payable at the First National Bank of Hoosick Falls.
1397................ 5,429,663
748,500
6,178,163
20*60
1896................ 4,020,139
341,950
4,362,089
31*40
1895................ 3,933,335
446,000
4,379,335
31*20
H O R N E L L S V I L L E . —Sidney Ossoski,C. C'k.
1890...................................
............
3,649,232
....... .
This city is in Steuben County.
State and county tax rate in 1898 was $6 00; city tax proper, $9*80;
LOANS—
When Due Bonded debt May 23,’98. $162,874
average school tax, $6*70; total, $22*50.
Assessed valuation, real. 4,011,225
S ewer bonds—
POPULATION* according to State census of 1892, was 14,694. 4s, M&N. $100,000 ....... 1917-1926 Assessed valuation, per’l 444,426
Total valuation 1898
4,455,651
The population in 1890 was 13,845; in 1880 it was 7,133; in 1870 it
1$10,000 yearly on May 29.)
Assessment about actual ^alue.
was 4,518. According to local estimate population in 1899 was 18,500
P a rk Bonds—
_
Tax
rate
(per
$1,000)
1898.$26*22
4s, an., $50,000......... July 1,1911
Paving B onds—
„ . Population in 1890 was ...10,996
G O U V E R N E U R . - M . P. A bbott, Clerk
6s
.......$6.374............. 1899-1900 Population In 18«8 (e st.)...13,000
($3,000
yearly
on
Nov.
20.)
This village is in St. Lawrence County.
6s, : . . . . , $9.500 ...........1899-1903
LOANSWhen Due. Equal’d valuation 1898.$1,681,005
($2,000 yearly)
W ater L oans :
Assess’t abt. 70 p. c. actual value.
3*29, J & J. $ 60,000....
1910 City tax rate (per$l,000) ’98.$4*91
- tvt
5 ALEX. R. BEN SON, Treasurer.
Interest is payable in New York.
Population in 1890 w a s ...;...3,500
Floating debt..................
$1,000 Population 1898 (est.)............3,743 H U D S O N .— l WM. S. HALLENBEOK, Clerk.
The city of Hudson was incorporated in 1785. It is the county seat
Total debt Jan. 1 ,1 89 9 ..
61,000
of Columbia County.
When Due. I 4s, M&N, $6,000........ May 1,1918
LOANS
G R A V E S E N D . — See New York City.
($2,000 due yearly) to May 1,1920
C emetery B onds—
D eficiency B onds—
4s. $20,000 ........ Feb. 1 , 1905-’ 14
4s! 10,000..........Feb. 1, 1912-’ 16 4s, $30,000..........Apr. 1, ’98-1901
G R E E N B U S H . — In May* 1897, the name of Greenbush
4s,
10,000.................. May 1,1902
($2,000 yearly).
4s, 25,000..........July 1 , 1900-’ 12
was changed to Rensselaer, whioh see for present amount o f debt.




April, 1899.

45

NEW YORK— CITIES AflD TOWNS,

ASSESSED VALUATION in 1898 of real estate was $11,177,705;
When Due. 4s, F&A, $15,000.......1914 to 1916
personal property, $2,135,725; total $13,313,430; tax rate (per
($5,000 annually.)
4s, F&A, $10,000....F eb ., 1917-’ 18 $1,000) 1897, $17*366. Real estate is assessed at “ about 80 per cent
of its actual value.” In 1880 total assessed valuation was $6,577,904.
R efunding W ater B ondsRefunding Loan 48, $12,500........ Feb. 10, ’99-1904 48, F&A, $ 1 0 ,0 0 0 ....Aug. 22,1908
POPULATION- —The population in 1890 was 21,261; in 1880it was
W ater B onds6s, 5,000.........................................
18,344; in 1895 it was 21,565.
48, $10,000................................ 1903
School B onds48, $25,000.......... Oct. 1, ’99-1901 3123,10,000...............Aug. 22,1899
4s, 24.000........... Feb. 1 , 1907-’ l l Bonded debt Jan. 1, ’99..$294,750 L A N S I N G B U R G . — F rank H . Miter , Clerk.
3,820
3*28, 6,000........... Aug. 1 ,1 9 0 5 -0 6 Sinking fund.....................
Lansingburg is in Rensselaer County.
Net debt Jan. 1,1899....... 290,930
Street I mprovement B onds—
—Principal.
LO ANS.— Interest,
Ass’d
valuation,
real......
4,003,755
4s, $25,000.......... Feb. 1 , 1904-’08
Outstand'a.
Rate. Payable.
When Due.
4s, F&A, 25,000...Feb. 1 , 1909-’ 13 Ass’d valuation, pers’al. .1,036,668 NAME AND PURPOSE.
M
&
S
1904
$20,000
Water
bonds........................
4
Total valuation 1898___ 5,040,423
($5,000 due yearly).
15.000
A& O
Oct. 1, 1910
do
4s, 19,000.......... Feb. 1, 1914-’ 23 Assessment about 5g actual value.
M
&
S
1914
30.000
do
4s, 25,000.......... Mar. 1 , 1915-’27 Tax rate (per M.) 1898....$25*973
1924
40.000
M &S
do
3438, 6,000..........Aug. 1 , 1908-’ 13 Population 1890......................9,970
60.000
M
&
S
1934
do
Population 1899 (est.)........ 10,000
M&N
Nov. 1, 1938
25.000
do
IN TE R ES T is payable in Hudson at the office of the City Treasurer.
July
1,
1939
J & J
10.000
do
M&N
May 1, 1941
15,000
Refunding.......................
4
t t Trk A T
5 C. S. JEPSON, Treasurer.
Sewer
bonds........................
4*a
1 J-ilLJJN .— \ g e o . O. RASBACH, Clerk.
A & 0 { S y V u n tt^ d î}
15>333
1904-1912
<
This village is in Herkimer County.
do
45,000
..................1892. 4
$5,000
yearly.
)
School B ondsLOANS—
When Due.
1899
2,000
School bonds...................... 4
48...........$10,000...........
1906
W ater B onds—
........
............
24,000
do
do ....................... 4
Is, J&J, $95,000........ July 1, 1922 Bonded debt Deo. 1898.. $152,000 Paving
bonds..........
M
&
N
Nov.
1,
1903
30,000
1898
4
1,373,085
Tax
valuation
1896.........
Subject to call after July 1, 1912
INTEREST on the water bonds due Oct. 1 ,19 1 0, is payable at th®
Real valuation................. 2,746,170
Sew er B onds—
24*80 bank of D. Powers & Sons, Lansingburg; on the sewer and street
4 s , ........ $17,000......1899 to 1915 Tax rate (per $1,000) ’ 96.
Population in 1890 was........ 4,057 bonds, at the Treasurer’ s office ; allother bonds at Nat. Bank o f Com3 s ,........ 30,000..........
1914
Population in 1896 (est.).......5,000 merce, New York.
T O T A L DEBT.—The total bonded debt on November 1 ,1 8 9 8 , was
$307,333, including water debt o f $215,000.
I T H A C A . — This city is in Tompkins County.
ASSESSED VALUATION in 1897 w as: Real estate, $6,130,620;
LOANS—
When Due. Assessed val’ation, real.$5,861,645 personal
property, $503,142; total, $6,633,762; tax rate (per $1,000)
B ridge B ondsAssessed val’ation,per’l 1,097,930
$7*35.
The assessment is about 80 per cent of actual value. Total
48, . . . . , $20,000....... 1916 to 1926 Total valuation 1897.. 6,959,575
($2,000 due yearly).
Assessment about ¿3 actual value. valuation for 1898 was $6,365,997.
PO PULATION.—The population in 1892 was 11,048; in 1890 it was
S ew er B onds—
Total tax rate (p.$l,000)’97. $7*70
4s, g, J&J,$150,000. July l , ’06to’ 26 Population in 1892 was. .„.13,460 10,550 ; in 1880 it was 7,432 ; in 1898 it was (estimated) 12,016.
($7,500 due yearly.)
Population in 1890waa.......11,079
R ailroad A id L ansingburg U nion F ree School D ist. H o. 1.—
For School District debt see Addi­
78, ....,$ 4 0 ,3 1 1 ........1898 & 1900
tional Statements end N.Y.State. W. J. Shelliday, Treasurer Board o f Education.
LOANS.
When Due. Total debt Feb. 15,1899. $66,000
A lVf IT’ C i'T 'O YXT’ T'J
(H EN RY H. COOPER, Mayor.
4s, J&D, $2,000........ Deo. 1,1899
Tax valuation 1898........6,439,336
JTAA.IVLU.S)
1 ( J W JN.— ) JOHN B. SHAW, Treasurer.
4s, J&D, $30,000 Dec. 1,1900to ’ 14 Assess’t about 94 p. o. actual value
This city is in Chautauqua County.
School tax (per $1,000) ’98.. *6*16
$2,000 due yearly.
LOANS—
When Due.
When Due. 4s, J&D, $34,000.......1915 to 1931 Value of sch.prop’ty ’98. $150,000
LO ANS($2,000 annually on Dec. 1.)
Citt H all B ondsPopulation in 1899 (est).
12,500
Sew er B onds—
48, M&N, $65,000... .M a yl5 ,1925 3*28, M&S, $50,000...Mar. 1,1923 Int. payable in New York City.
E lectric L ight B onds4s, J&D, 111,0 0 0 ....Dec. 1,1923
48, J&D, $30,000....... June 1,1901 4s, J&D,
50,000___May 1,1917
4s, J&D, 32,000........Dec. 1,1903 4s, J&J,
20,000...Mar. 15,1918 L E W I S T O N . — H . T . Pool, Supervisor
Fire D epartment B ondsRefunding Bonds —
This town is in Niagara County.
48, J&D, $7,000.......... Dec. 1,1903 5 s ,........ $5,000............................
Assessed valuation,per’l. $36,425
LO AN SPaving F undSchool B ondsA id Bonds—
Total valuation 1897___1,632,950
48, A&O, $13,000........Oct. 1,1905 48, J&D, $83,000.......June 1,1915 5 sR, ailroad
........ ,$ 1 5,0 0 0 ............................
Assessment about aotual value.
4s, J&J,
3,000....... Jan. 1,1907 Bonded debt Feb. 1,1899. $557,600 4Ljs.........
173,000 ............................ Tax rate (per$l,000), 1897.$l5*15
4s, A&O, 18,000___ .Apr. 1.1909 School debt (included). . . 83,000 Bonded debt
Sep. 20, ’ 98. $188,000 Population in 1890 was........ 2,577
313s, A&O, 6,000........ Oct. 9, 1907 School sinking fund........ IP,600 Assessed valuation,
real.1,596,525 Population 1898 (estimated).2,500
Paving Certificate F und
Total valuation 1898.. .10,787,799
INTEREST is payable at the Bank of New York, N. B. A.
5s, A&O, $12,000...... Apr. 1,1900 Assessment about actual value.
5s, A&O, 5,300........ Oct 1, 1900 Total tax (per $1,000) ’98..$19*92
5 s ,.......... 8,000........... 1899-1902 Population (local authority) .26,000
5s............ 17,000.... 1899 to 1902 Population in 1892 was
18,627 L I B E R T Y . — E. R. D usenberry, Supervisor.
This town is in Sullivan County.
($5,000 yearly.)
Population in 1890 was...... 16,038
LOANS—
When Due. Assessed valuat’n, pers’l.$161,319
_ IN T ER EST on the Fire Department bonds, on the paving bonds due
N. Y. & Os. Mid . RR.—
Total valuation 1897....... 995,4 97
1909 and on the $24,000 paving certificates is payable at the Chase Na­ 4s, J&J, $103,000............................. Tax rate (per $1,000) 1896.$2*117
tional Bank; on all other loans at the Treasurer’s office in Jamestown.
$5,000 yearly after 1898.
Assess’t about 60 p.c. aotual value.
Bonded debt Aug. 1, ’98. $103,000 Population in 1890 w as........3,357
Assessed valuation.......... 824,178 Population in 1898 (est.)___4,000
J O H N S T O W N . — W. S. Sammons, Supervisor.
TAX FREE.—Ail of the bonds issued by this town are tax exempt.
This is a town in Fulton County. The city of Gloversville was
INTER EST is payable at Sullivan County National Bank, Liberty.
formed out of a portion of its domain in 1890 and the city of Johns­
town was subsequently formed. The old town debt, therefore, given
below muft be divided between the present town of Johnstown and
( TIMOTHY UASEY, Mayor.
L IT T L E
F A L L S . - •( FRANK STAFFORD, City Ireas.
the cities of Gloversville and Johnstown.
This city is in Herkimer County.
_ LOANS—
___When _Due. ! Bonded
1. ’98.
When debt
Due. Nov.
|Bonded
debt Nov. 1. ’98. $33,800
R efunding B onds—
Bonds are tax exempt.
LO A NS—
When Due. Total debt Dec. 1,1 89 8 .. $420,000
4s, F&A,
$10,000........1900-1906 Town’s assessed valua­
School B onds Water debt (included)... 331,000
($2,000 due yearly on Feb. 1.)
tion 1898.......................1,059,761 3438, July, $65,000.. July 1, 1903 Tax valuation, real......... 4,559,733
4s, F&A,
$8,000........1900-1907 Assessment about
actual value. ($2,000 due yearly) to July 1 , ’ 35. Tax valuation, personal. 629,350
($1,000 due yearly on Feb. 1.)
Total tax (per $1,000) ’97...$14*60 School dist. loan 3 *$%.... $16,000 Total valuation 1897__ 5,189,283
4s, F&A,
$10,000__Feb. 1,1901 Population in 1890 was......10,959
($1,000 due annually.)
Assessment is at actual value.
4s, F&A,1 ,8 0 0 ....Feb. 1,1899
10,000 Total taxrate (p.$l,000)’ 97. $20*00
Popuiation in 1897 (est.)__ 20,000 Floating debt....................
($200 due yearly) to Feb. 1,1907
($2,000 due annually.)
Population in 1890 was........ 8,181
4s, F&A, $ 3 ,0 0 0 ....Feb. 1,1908
W ater B onds—
Population in 1892 was........ 8,783
($500 due yearly) to Feb. 1, 1913
343s, J& J..........................
98.000 Population in 1897 (est.)... 11,000
, IN TER EST on the refunding bonds due in 1901 and those due from 3!8S......... $83,000......................1906
3^88, . . . . , 4 0 ,(0 0 .................... 1916
1900 to 1907 in Johnstown.
3i«8, . . . . , 110,(00.................... 1917
LOANS—

F unding B onds-

78, $2,500.......... Feb. 10, ’00-1904

'O Y A T 'T nJ
Chamberlain
0T O H N T oS Ti U
W I V . — { w. J*
W.8TOLLER,
CROUSE, Clerk.
This city is in Fulton County.
LOANS—
When Due.

Bonded debt 8ept. 15,’98.$272,600
Water debt (included)..
115,500
Assessed valuation, real.3,231,450
($2,500 due y’rly) to June 15,1923 Assessed valuation,per’1.1,022,963
W ater Bonds—
Total valuation 1898__ 4,257,413
4 s ,.......$50,000............ 1899 1918
Population in 1898 (est.)... lo,000
School B onds48, J&D. $22,500...June 15,1914

IN TE R ES T on school bonds payable at the Johnstown Bank.
K IN G S

C O . — See New York City.

K I N G S T O N .— H

e n r y E . W e i b e r , Mayor.
This city is the capital of Ulster County.
LOANS—
.— Interest.— .
,------------Principal.
.»
name AND PURPOSE.
Rate. Payable.
When Due.
Outstand’a
1899 to 1900
$10,000
o e20i^ c y ............................. 3-65 J & J
Refunding............................. 4
J & J Jan. 15,1900
12,000
“°
............................ 4
J & J Jan. 15, 1911
25,000
do
............. ............ ... 4
J & J Jan. 15, 1912
25,000
do
.......................... . 3
J & J Jan. 15, 1914
36,500
„
— ..................... 3
J & J Jan. 15, 1915
31,500
WallkillV alley R R ............... 7
J & J Jan. 15, 1901
169,200
Water bonds, 1896............... 3 ^ semi-an. \ (¿ ^ o o ^ y e a r fy . \ «00,000

d°
d0 1897............... 4
semi-an. |$6^KK) annuaUy j r 0 ’000
All the refunding bonds are optional and are now subject to call.
, T O T A L DEBT.—The total bondeddebton Sept. 1,1897 (not includ­
ing water bonds), was $348,200; no floating debt.




r C 'iC 'lX P H D '"P

5 T. N. VAN VALKENBURGH, Clerk.

L i U L f A r u n 1 .— ^j , c. HARRINGTON, Treasurer.
This city is situated in Niagara County.
LOANS—
When Due.
LOANS—

Fir e ,H ig h w a y & Lighting B ds

4s, M&N, $8,700. May 20,1899
($1,450 yearly) to May 20,1904.
R ailroad B onds-

78. J&J, $20,000.......Jan. 1,1900
($10,000 due y’rlyl to Jan. 1,1901
W ater B onds—

3438, M&N,$21,333 33.Nov. 1,1899
($2,666 67 yearly) to Nov. 1,1906
4s, J&J, $9,000............1900-1908
($1,000 yearly on Jan. 1)
U nion School B onds—

When due.

D istrict School B onds—

443s,M&N, $3,875...Nov. 15,1899
I ntermediate School B onds-

48, M&N, $10,000 ...N ov. 1, 1916
Interest payable at City Treasury.
Bonded debt Jan. 2, ’99.. $194,033
25,000
Sinking fund....................
Net debt Jan. 2,1899___ 169,033
Total valuation 1898___ 7,445,965
State and Co.tax(perM.) ’98.$5*68
City tax (per $1,000) ’9 8....... 15*30
Population in 1899 (est.) ..19,500
Population 1890 was.......... 16,038
Population 1880 w as.......... 13,522

343s, M&N,$120,000..Nov. 1,1902
($10,000 due y’rly) to Nov. 1,1913
3138, M&N, $5,000. .Nov. 1,1914
In addition to the above the city has a debt of $124,729 45 for
local improvements, which is payable by special assessment. The city
owns $10,000 worth of stock of the Lockport Hydraulic Co

LONG

IS L A N D

C I T Y . — See New York City.

M A M A K A T I N G . —Mercien Skinner , Super'r.
This town (P. O. Wurtsboro) is in Sullivan County.
LOANS—
When Due. 4s, J&J, $24,000..July 1 , 1904-’06
R efunding RR. B onds.
($8,000 due yearly.)
4s, J&J, $6,000...................... 1899 4s, J&J, $27,000.. July 1 , 1907-’09
4s, J&J, $28,000.. July 1 , 1900-’03
9,000 due yearly.)
($7,000 due yearly.)

40

STATE AND CITY SUf flENTENT,

R efunding RR. B onds (Con.)— Assessed valuation 189a.$839,295
4s, J&J $40,000.. July 1 , 1910-’ 13 Assessment abt.80 p.c. of full value
Total tax (per $1,000) ’98 $23*33
($10,000 due yearly.)
V illage W urtsboro W at . B ds. Population in 1892 w as........ 3,504
4s, A&O. $ 7 ,0 0 0 __ Oct., 1902-’ 15 Population in 1890 w as........ 3,401
Total debt Mar. 1, 1899.$125,000

M A R A T H O N . — This village is in Cortland County.
LOANS—
When Due. I Assessed valuation 1897 $610,775

W ater B onds—
I Tax rate (per $1,000) ’97— $6*39
1,198
4s, $28,000...................... 1899-1926 Population in 1890 w as...
Bonded debt Oct. 15, ’97..$31,500 |Population in 1897 (est.).......1,200

M E C H A N I C S V I L L E .—
Mechanicsville is in Saratoga Co.
LOANS—
When Due. I 4s, M&N, $23,000.......May 1,1912
School B onds—
I 4 s , M&N, 30,ooo.......May 1,1917
4s, Nov., $23,000.................. Nov. 1 I 4s, M&N, 52,000....... May 1,1922
($1,000 due yearly until paid.) |Bonded debt Aug., 1897.$204,000
Sew er B onds—
Water debt (included)— 140,000
4s, A&O, $4,000........ Nov. 1,1925 |Tax valuation 1896........ 1,470,825
W ater -w orks B onds—

I Population in 1890 was.........2,679

5s, F&A, $35,000.......Aug. 1,1903 |Population in 1896 (est.)— 5,000
INTEREST on the school bonds is payable at the First Nat. Bank,
Mechanics ville; on others at the Hanover Nat. Bank, New York.
T7,'~PTh'\A7'l\T
5 CHAS. L. ELWOOD, Mayor.
1V11 U U I —,H. 1 U W IN .— iG EO . E. WALLACE, Treasurer.
Middletown is in Orange County. Bonds issued jointly by this city
and the town of Wallkill are included in the following statement.
LO A N S -— Interest.— , ,------------ Principal.------------- >
NAME AND PURPOSE.
Bate. Payable.
When Due.
Outstand’g.
RR. bonds issued Jointly by
Anp11 $ Apr.,1900 to ’ 37 > « qk nnn
thisoity&townof Wallkill.
A p r il ^$2,500p’d.y’r ly \
o,uuu
School bonds 1897............... 4
.........
1899-1901
11,600
: $2,900 yr’ly N ov.l
do
do 1897............... 4*2
: $12,000 yearly i 36,000
.
on May 1.
>
Sewer bonds, Mar., 1881 ... 4
Mar. 1, 1901
20,000
July 1, 1911
Water bonds, 1886............... 4
18,000
F <fc A
Aug. 1, 1911
40,000
do
1891............... 4
do
1897............... 3*2
M»r. 1, 1913
12,000
July 2, 1918
100,000
do
1888............... 3*2 J & J
Subject to call July 2,1898.
May 1, 1910
do
1890............... 3*2
75.000
do
............... 3*2
10,000.
IN TE R ES T on water 3*28 due July l, 1918, is paid at city treasury,
T O T A L DEBT., Et c .—The total bonded debt on Feb. 1 ,1 8 9 8 ,exclud­
ing bonds issued jointly with town of Walkill, was $322,600. Sinking
fund payments are made annually towards retirement of water bonds
o f 1911.
ASSESSED VALUATION .— In 1897 the assessed valuation of real
estate, about *3 of actual value, was $3,581,240; of personal property,
$399,645; total, $3,980,885; total tax rate (per $1,000), $35*32.
POPULATION.—The population in 1890 was 11,977; in 1880 it was
8,494. In 1895 (estimated) 15,000.

LOANS —

When Due.

Vol. LXY II1
LOANS—

When Due *

B ridge (Chambers Creek)

School Bonds—

S ew er Bonds—

R efunding W ater Bonds—

M&S, *$15,000.Sep. 15,’99-01 3 *«8, J&J, $26,000__ Jan. 1 . 19(K>
($2,000 due yearly) to J an, 1,1912
($5,000 yearly.)
I mprovement bonds —
4s, M&S, $1,000.Sept. 15,1902
Cit y H all 3*2, -- ,$31,000....... 1900-1900
W ater B onds48, A&O, $7,000.Apr. 1 ,1900-’ 13
48, M&S, $2,500.Sep. l , ’ 99-’03
($500 yearly.)
•
($500 yearly.)
4s, A&O, $8,OOO.Apr.l, 1900-’ 15
4s, M&N, $6,500.May l , ’ 99-’ l l
($500 yearly.)
($500 yearly.)
F ire D epartment
4Hs, M&N, $ l,400.N ov.l, ’99-’00 4s, M&N, $2,000. Nov. 1, 1899
4s, J&J,
10.000. July 1, 1900($700 yearly.)
G lobe F und 4s, M&S, 20,000.Sept. 1, 1901
38, Ann., $25,170.Aug. 5, 1935 4s, M&S, 15,000 Sept. 1, 1902
7,000. Mar. 1, 1904
3s, Aug.,
1,437. July 20,1943 4s, M&S,
4s. M&N, 13,000.Nov. 1, 1905
Par k Bonds—
4s, J&J,
$8,000. J’ne 1 ,’99-’14 4s. M&S, 20,000.Sept. 1, 1911
4s, F&A, 125,500.Feb. 1, 1912
($500 yearly.)
3*28, J&J, $10,000.July 1, 1915 4s, M&S, 44,000.Sept. 1, 1912
3*28, M&N, 10,000.May 1, 191G 3*28, M&N, 47,250 N ov.l, ’99-’ 23
($1,750 yearly.)
Paving B onds —
4s, M&N,$10,417. Jan.1 ,1900-’05 3*28, M&S, $18,000. Sept. 1, 1907
3s, M&S, 20,000. Sept. 1, 1906
($1,736 yearly.)
4s, J&J ,$12,195Jan. 1 ,1900-’06 4s, M&N, 13,500.Mav 1 ,’99-’ 16
($750 yearly.)
($1,742 yearly.)
4s, J&J,$10,184. Jan. 1 ,1900-’06 3*28, M&S, $10,000.Mar. 1,’00-’0 9
($1,000 yearly.)
($1,455 yearly.)
4s,

3*28, J&D, $132,783 Dec. 1,’99-’ 16 3*28......... $63,500.1899 to 1917
($1,500 an. to ’ 16, $35,000 in ’ 17.>
($7,377 yearly.)
* Includes New Windsor’ s share, which is about one-eighth.
T O T A L D EBT, E TC .— The total bonded debt on Jan. 1,1899, was
728,269 67. The water debt (included) was $443,750.
W ATER WORKS.—In 1897 water rents amounted to $46,442*82.
ASSESSED VALUATION in 1898 w as: real estate, $9,266,030;
personal property, $1,642,250; total, $10,908,280; total tax rate
(per $1,000), $24*72. Property assessed about one-half actual value.
PO P U LATIO N .—The population in 1890 was 23,263; in 1899,25,000.

N E W

L O T S . — See New York City.

N E W
R O C H E L L E . — J.
T n apurer.

A.

H

u n t in g t o n »

This village is in Westchester County.
Se w e r B onds—
LOANS —
When Due.
4&5s,A&0, $195,000A p r.l,’08-’46
5s, M&N, $50,000... .May l , ’98-’04 4s, A&O,
55,000
1947-1957
Street I mprovement —
($5,000 annually on Oct. 1.)
3*2,....... $25,000.............1902-1926 Assessed valuat’n ’97..$13,435,000
Se w e r Certificates—
Population 1890 w a s..............8,318
5s, A&O, $55,000.............. Optional Population 1897 (est.)........ 15,000
4 s ,........ 16,000.............1899-1902
Interest payable at New Rochelle
and New York.
("Optional after 1898.)
H ig h w a y Improveent .

N E W

U T R E C H T . — See New York City.

M O N R O E C O . — J. B. H a m i l t o n , Treas.

M 1 7 W V D T 3 V r ', Trr ,' V 5 ROBERT A. VAN WYCK, Mayor.
IN XL W
I U J r t I V U I 1 I . {B IR D S. COLER, Comptroller.
The consolidation provided under the Greater New York Charter
became effective January 1, 1898, and New York City now includes
Kings County, Richmond County, and the follow ing portions o f
Queens County, namely, Long Island City, the towns of Newtown,
Flushing and Jamaica, and part of the town of Hempstead. In his
message to the Municipal Assembly on January 10, 1899, Mayor Van
Wyck furnished a statement of the net funded debt of the consolidated
territory, from which we take the subjoined summary. The figures
M O U N T M O R R I S . — SiN? ; TE?§jNE°iX,t5e9ri Per,1” r- Include all the indebtedness of the consolidated city on January 1,
1899, excepting that portion of Queens County and the school dis­
This town is in Livingston County.
tricts lying therein located partlv within and partly without the
LOANS—
When Due. Assessed valuat’n,real.$l,799,822 Borough of Queens. The statement in full will be found in the Chron ­
R ailroad -A id B onds—
Assessed val., personal.. 158,151 icle of Jan. 21,1899, page 144.
7s, A&O, $55,033...................... 1901 Total valuation 1898____1,957,973
Fuuded
of h
New
City
issued
subsequent
Jan.
4*28, Feb., 12,000............ 1900-1911 Assessm’t about 90% actual value. Funded
b’un dnd debt
H of
iAnr York
\York
7"Avlr C
SVw 1
aanAdi .\
aw4
a Jan.
Tan to
1
1OGU1, ’98.. $30,161,906
O
)1 A1A OOO91
P
O
New
City
issued
prior
to
1 ,1898..........
241,916,333
78
($l,0 c0 yearly on Feb. 1.)
Tax rate (per M.) 1898..
$10-47 Funded debt
debt of corporations in the Borough of Brooklyn, in­
Bonded debt Deo. 1, ’93.. .$69,033 Population 1890...............
3,761
cluding Kings County................
...................................
80,500,867 73
Sinking fund assets............ 8,644 Population 1899 (est.)...
4,000 Funded debt of corporations in the Borough of Queens........... . 7,560,221 22
Funded debt of corporations in the Borough of Richmond.........
3,136,798 20
Net debt, Deo. 1 ,1 89 8 ...... 60,389
IN TE R EST ia payable at the National Park Bank, New York City.
Total funded debt Jan. 1, 1899 ..........................
................ $ '43,2d9,127 84
County seat is Rochester.
LOANS —
When Due.

Assessed val., per’l ... $11,823,700
Court H ouse B onds—
Total valuation 1898.-148,225,185
3*28. F&A, $850,000.......1904-1920 Assessment about -4-5 actual value.
($50,000 due yearly on Feb. 1.)
Tax rate (per $1,000) ’ 97....$5*277
Total debt Aug. 1,’98.
$900,000 Population in 1892 was .. .200,056
Assessed val., real......136,401,485 Population 1890 was........ 189,586
IN TER EST and principal payable at the Am. Ex. Nat. Bk., N. Y. City

Temporary loan in anticipation of the collection of taxes............

M O U N T V E R N O N . - i S T hoS

S

. 8701,

Mount Vernon is in Westchester County. The city received its charter
on March 22.1892.
LOANS—
When Due.
LOANS—
When Due.
A ssessment B ondsW ater B onds58...........$335,500.......... 1899-1902 58, ........ $1,000.......Oct. 1, 1900
5s, M&N, 2 5 ,0 0 0 ....Nov. 1,1904 Bonded debt Feb. 1,’99.$1,537,800
5s, M&S, 35 0 0 0 ....Mar. 1, 1905 Sinking fund................... 114,291
H ighw ay B ondsNet debt Feb. 1, '89 9 ... 1,423,509
48, ........ $10,000. Aug. 1 , 1906-’07 Assessed valuat’n, real.21,895,433
4 s ,.........320,000............. 1908-1939 Assessed val., personal 1,508,804
($10,000 yearly.)
Total valuation 1898...23,404,237
4s, M&N, $40,000.Nov. 1 ,1940-’43 Tax rate (per $1,0< 0)1898 .$20 90
4s, J&J, 30,000.. .July, 1944-’46 Population in 1890 was___10,677
Sewerage B ondsPopulation in 1897 (est.)...21,000
48, J&D, $45,000. June, 1899-1907
School B onds Cit y of m t .
4s, J&D, 110,000. June, 1908-1918
Vernon 4s, J&D,
5,000....June 1,1919 48, M&N, $45,000...May 1, 1909
4s, A&O, 20,000..Apr. 1 , 1919-’21 ($5,000 due yearly to May 1,1917.)
3*28,M&S, 30,000..Mar., 1921-1923 4s, J&J, $105,000...July 1, 1918
Ta x R elief Bonds($5,000 due yearly to July 1,1938.)
58, A&O, $30,000.....Oct. 1,1899 3*ss, F&A, $5O,0OO..Feb.,1939-’48
5s, M&N,
25,000.... Nov. 1,1899
School B onds, D istrict N o . 5—
5s, J&D,
30,000....Deo. 1,1899 4 8 ,......., $29,000... Mar. 1, 1900
5 s , . . . . , 3 2 ,0 0 0 ....Feb. 21,1901 ($2,000 due yearly to Mar. 1,1913.)
5s........... 24,000....... Feb. 1,1900 4 s ,......., $14,000... Aug. 1, 1899
5 s , ......... 60,000..... Sept. 1,1900 ($1,000 yearly to 1900 and $1,500
5 s , ......., 22,000 .. .Feb. 1,1901
yearly to 1908.)
5 s , ......., 21,000................. ............
School B onds, D istrict No . 4—
5s, F&A, 40,000.......Aug. 1,1904 4 * 2 8 , $ 2 7 , 8 0 0 . . Sept., 1899-’ 08
5s, M&S, 5 0 ,00 0 .....Sept. 1,1901
5s, J&D, 29,000.... Deo. 1,1901

N A SSA U

C O U N T Y . — Created Jan. 1, 1899, out of
that portion o f Queens County not included in the Greater New
York. For debt, etc., see Queens County statement.

N E W B U R G H — S g ^ c lu i^ c iS "-

This oity is in Orange County. The interest on the water bonds is
met by water rents. The Chambers Creek bridge bonds were issued
jointly by the city o f Newburg and town of New Windsor, to be paid
in proportion to the taxable property of each.




7,60010

Total bonded debt Jan. 1.1899 .................................................. $343,276,727 84
Sinking funds.......................................................................... ......... 99,056,29187
Net bonded debt Jan. 1.1899.................................... ............... $244,220,435 97

The following table shows the assessed valuation o f real estate in
the consolidated city for the years 1899 and 1898, the figures for 1899
being subject to change:
--------------- Real Estate.-------------- >
Ass’d Valuat’n Ass’d Valuat’n
Borough.
.
1898.
1899.
Increase.
Manhattan..................... $1,754,982,400 $2,062,361,475 $307,379,075
The Bronx......................
.101,585.523
123,987,520
22,401,997
Brooklyn........................ *570,107,742
614,807,025
44,6 9,283
Queens............................
*77,486,225
108,371,885
30,885.660
Richmond.......................
*24,371,551
40,518,412
16,146,861
Total..................... $2,528,533,441 $2,950,046,317 $421,512,876
* Figures for 1897,
The tables which follow give full details regarding the indebtedness
of the consolidated oity and the various boroughs and other divisions
forming part of it. We show first the bond issues made since the
Greater New York Charter went into effect. Then we add statements
reporting at length the indebtedness of the separate boroughs; all
the districts, towns and other divisions being in each case grouped
under the borough to which they b elon g:
G R E A T E R N E W Y O R K B O N D S .—Bonds issued since con­
solidation.
The loans marked (8. F.) are held wholly in the sinking fund. The
paragraph mark (j[) indicates exempt from taxation except for State
purposes.
LO ANS/— Interest.— > ,------------ Principal.----------NAME AND PURPOSE.
Bate. Payable.
When Due.
Outstand’g.
Corporate Stock —Greater N . T . Charter, Sec. i 6g , Chap. S 78, Laws iS o y .
Armories.........................If 3
M&N
1923
s .f . $8,500
Am. Museum Nat. Hist.IT 3*2 M & N
Nov. 1, 1928
550,000
Awards for ch’ge of g’de. 3 M & N
1928
s .f. 97,740
Con’n & Improve’t Pk’y. 3 M & N
1923
s .f . 65,000
Metropolitan Mus. Art. IT 3*2 M & N
Nov. 1, 1928
600,000
Botanical Museum........ it 3*a M & N
Nov. 1, 1928
200,000
do
do
.......IT 3
M&N
Nov. 1, 1928s.f. 150,000
Paving Jerome A ve___if 3*2 M & N
Nov. 1, 1928
60,000
do
do
....IT 3
M&N
Nov. 1, 1 928s.f.
5,000

April, 1899

NEW YOftK— CITIES M B TOWNS,

G r e a te r N e w Y o r k B o n d s —(Con )
B o r o u g h s o f M a n h a t t a n and.
LOANS—
/— Interest
-Principal.--------- ,
LOANS—
—Interest.— . /NAME AND PURPOSE.
Rate. Payable.
When Due. Outstand’g. NAME
AND PURPOSE.
Rate. Payable.
Corporate stock.—(Concluded.)
C
onsolidated Stock—(Con.)—
Repaving s tre e ts ...........IT3 *2 M & N
Nov. 1, 1928
$250,000
Harlem R. Br. “ Wash’n” 3
M AN
do
do
...If 3
M & N
Nov. 1, 1928s.f. 160,00 >
do
do “ Ship Canal” 3
M AN
Dept. Correction bldgs.FT 3*a M A N
1928
300,000
do
do
do
3
M
AN
do
do
U 3
M AN
1928
s .f. 40,000
do
do
do
M
AN
3
Health Dept, bldgs ...it 3
M AN
1919
s .f. 33,046
do
do
do
M AN
CourtHouse—Appellateit 3*2 M A N
Nov. 1, 1928
250,000
do
do Third A ve.. I* M A N
Criminal Court House..if 3
M AN
1923
s .f. 20,000
do
do
do
3
M AN
Docks and Slips, A c____if 3
M AN
1928
s.f.207>,294
do
3
do
do
M AN
Docks and Slips, &o____ it 3*2 M A N
Nov. 1, 1928
1600,000
do
do
3*ag M A N
do
Soh. Houses,Sxtes&bldgit 3*3 M & N
Nov. 1, 1928
1820,785
do
do
do
3
M AN
do
do
f 3
M O
Nov. 1, 1928s.f. 618,508
do
do
do
3*2g M A N
New East Riv. Bridge..it 3*2 M & N
Nov. 1, 1928
2000,000
do
do
155th
St.,
3
M
A N
Con. &Imp. St.John’s PkIT 3
M & N
1916
s .f. 50,000
do
do
do
3
M A N
East River Park Impt.lt 3
M & N
1911
s .f. 35,000
do
do
do
3
g
M
A N
1914
Improv’t o f Parkways-it 3 . M A N
s .f. 100,000
M A N
do
do First A ve.. 3
Imp. of Pub. Pks. & Pkys. 3
M & N
1921
s .f. 115,000
Br. ov.H. Riv. E.of B’ way 3
M A N
St and Park Openings . . 3
M A N
1914
s. f . 2696,548
Structure over N. Y. A H.
Public Park 111th St..IT 3*2 M & N
Nov. 1 1928
1738,332
RR. on Brook Ave........ 3
M A N
do
do
..it 3
M& N
Nov. 1 1928s. f. 10,020
Br. over H .RR., 153d St. 3
M A N
PublioPark—Houston St. 3
M A N
1920
s .f. 160;863
Grand, Walton and River
Bridge over Harlem R.If 3*2 M & N
Nov. 1, 1928
1029,844
Avenue
Bridge.............
3
M
A N
Bdg. Con’ g Pelham Bay 3
MA N
1919
s .f. 135,000
Gansevoort Market........ 3
M A N
Bdg. over Bronx River.. 3
M A N
1919
s .f.
------9.000
do
do
.........
3
M
A N
Pub. Bldg. Crotona PJr.1T 3*<j M & N
Nov. 1, 1928
75.000
do
do _____ 3
M A N
do
do
IT 3
M AN
1914
s .f.
2.500
Ward’s
Isl.,
Ac.,
Build’gs.
3
M
A N
Hos. Bldg. Gouv’r 81ip.1T 3*3 M & N
Nov. 1, 1928
50.000
Momingside Park............ 3
M A N
Nov. 1, 1928
P u b.B ath RivingtonSt.1t 3*2 M & N
50.000
do
’
do
M
A
N
2*2
do
do
ir 3
M & N
Nov. 1, 1928s. f. 20.000
Central Park.................... 3
M A N
1921
Pub.Pks. 28th-29th8t.1T 3
M AN
s .f.
1,247
do
do
....................
M
A
N
2*2
Pub. Park in 12th Ward. 3
M A N
1921
s .f.
6.500
City Improvement Stock. 3 g M A N
Pub. Park—Hester St.:
3
MAN
1920
s .f.
556
Castle Garden im p. Aq’m 3
MA N
1921
Bdg. over tracks N.Y.C.IT 3
M & N
s .f.
15.000
do
do
3
M A N
do
do
.it 3*2 M & N
1921
50.000
East River Park............... 3
M A N
Riverside Drive E x t...it 3*2 M A N
1928
500.000
do
do
2*2 M A N
Imp., etc., Riverside Pk. 3
M AN
1921
s .f. 70.000
do
do
3
M A N
New Pks.,&o.,23,24 Wds. 2*a M A N
1909-29 s .f.
2.000
Mount
Morris
Park..........
3
M A N
Melrose Ave. Viaduct.. 1T 3*2 M & N
1928
140.000
do
do
2*2 M A N
Additional Water Stock—
Rutgers Slip P a r k .......... 3
M A N
New Aqueduct..............IT 3*2 M A N
Oot. 1, 1917
2000,000
Riverside Park................. 3
M A N
do
do
..IT 3
M A N
Nov. 1, 1928s.f, 300.000
do
do
M
A N
2*2
San. Prot. of Water., .it 3*2 M A N
Nov. 1. 1917
350.000
do
do ............... 3
M AN
do
do
.. IT 3
M AN
Nov. 1, 1917s. f. 150.000
do
(Women’
s
Cottage^
3
M
A
N
Laying Water Mains...it 3*2 M A N
Nov. 1, 1917
300.000
New Parks, 23d and 24th
do
do
...IT 3
M AN
Nov. 1, 1917s.f. 50,000
Wards.............................
2*2
M
A
N
Assessment Bonds—
do
do
............IT 2*2 M A N
Assesst-ment bonds___IT 3*s M & N
Nov. 1, 1908
500.000
Van Cortlandt Park........ 3
M AN
MAN
Impt. Ft. Wash. R R __ ir 3
1899
s .f.
18,424
do
do ......... 2*2 M A N
Street Improvements..it 3
M & N
1907
s .f. 350.000
Fifth Dist. Police Court.. 3
M AN
do
do
do .. 3
M AN
BO RO U G H OP M A N H A TTA N AND T H E B RO N X.
do
do
do .. 3
M AN
DEBT OF OLD CITY OF NEW YORK.
Seventh Dis. Police Court, 3
M AN
In the foliowincr statement loans wholly in the sinking fund are dis­
do
do
do
3g M AN
tinguished by s. f. prefixed to the amount outstanding. Loans exempt
Repaving......................... IT 3
MAN
from taxation have a paragraph mark (IT) added to the title of the loan.
........................... 2*2 M A N
do
do
.........................
IT
3
M
AN
LO ANS^—I n t e r e s t , ,—— ----- Principal.
do
........................... 3
MAN
NAME AND PURPOSE.
Rate Payable.
When Due. Outstand’g
do
_____ .*................ 3
M AN
a .—Secured by Sinking Fund Preferred—
Add’lN ew CrotonAq.Stk.. 6
do
.........................1T 3
M AN
M AN
Aug. 1, 1900
$269,800
.......................
do
3
M AN
do
do
ao .. 7
M AN
Aug. 1, 1900
1,004,500
ao
........................... 3
M AN
do
do
do .. 5
Aug. 1, 1900
M AN
57.000
do
...........................
Croton Reservoir Bonds. . . 6
Aug. 1, 1907
3g M AN
Q—F
20.000
do
........ ................. 3*ag M A N
Water Stock........................ 6
MAN
Nov. 1, 1902
63,000
.......................... 3*ag M A N
do
Water Stock......................... 7
MAN
Nov. 1, 1902
412,000
do
.
............... 3*2g m a n
b.
—Secured by Sinking Fund (Second Lien), Act o f June 3, 1878—
do
3d A ve............. 3
M A N
Consolidated Stock, gold.. 5 M A N
Nov. 1, 1928
6,900,000
M A N
Columbus
Celebration...
3
-Consolidated Stock..........IT 4 M A N
Nov. 1, 1910
2,800,000
M A N
3
c . —Secured by Special Sinking Fund, Derived by Annual Taxation.
M A N
3
Act o f June 3 ,1878—
do
do
............. 3 g M A N
............ .....
■ - - 3A A O
Additional
Water■Stook..1T
Oot. 1, 1933
$100,000
do
do
............. 3*2g M A N
ilO
do
do ..ir 3*2 A A 0
Oot. 1, 1933
300,000
Awards,Change ofGrade 3
M A N
do
do
do --IT 3
A A O
Oot. 1, 1933s. f. 45,000
do
do
do
3 kg. M A N
do
do
do -IT 3*2 M A N
Oct. 1, 1916
1,750,000
New Municipal Building. 3
M A N
Armory bonds.
3
M AN
Aug.15, 1904
200,000
Washington Bridge Park 3
M A N
do
do
3
M AN
Nov. 1, 1907s.f. 142,632
do
do
do
M A N
3
g
do
do
3
MAN
Nov. 1, 1907
250,000
Gore of Land 135th S t... 3
M A N
do
do
2*2 M A N
Nov. 1, 1907s. f. 213,500
Ward’s Island Purchase.. 3
M A N
do
do
3
M AN
Nov. 1, 1909
442,000
do
do
do
M A N
3
do
do
3
M AN
Nov. 1, 1910s.f. 884,115
Br. Approaches, Macomb 3
M A N
do
do
3
M AN
Nov. 1, 1911s.f. 249,450
do
do
do
M A N
3
g
do
do
3g MAN
Nov. 1, 1914
270,500
Parklmp (N.Y.CityAPel) 3
M A N
Assessment Fund S tock... 5
M AN
1903
500
do
do
do ........ 3 g M A N
City Park Improv’t Stock.
M AN
1904
s .f. 11,000
M A N
3
C onsolidated Stock —
do
do do
M A N
3
City Improvement.......... 5
M AN
1900
s .f. 13,616
do
do do
M
A N
3g
Series “ L ” ....................... 5
M & N
Nov. 1, 1899s. f. 28,173
M A N
3
Series “ M ” ....................... 5
M AN
Nov. 1, 1899s. f. 12,235
M A N
3
Series “ M ” . ......
4
M AN
Nov. 1, 1899s.f. 649,327
do
do
....... 3 g M A N
N. Y. Bridge Bonds........ 3
M AN
Nov. 1, 1922s. f. 330,000
Mulberry Bend Park___ 3 g M A N
do
do
5
M AN
May 1, 1926s. f. 421,900
do
do
do . . . . 3 g M A N
do
do
M AN
May 1, 1926
500,000
Crotona Pk., Pub. Bldg., 3 g M A N
* Sul
Subject to call after Nov. 1,1900.
do
do
do .. 3 g M A N
do
do
5
M AN
1928
s . f . 300,000
M A N
do
do
do .. 3
do
do
4
M AN
1928
s .f. 866,666
Fire Department............. 3 g M A N
do
do Ser. ‘4.’ 3
M AN
1923
s .f. 100,000
do
do
M A N
3
do
do
3
MAN
1925
s .f. 120.000
do
do
......./.... 3
M A N
do
do
3
M AN
1926
s .f. 30,000
do
do
............. 3
M A N
Metropol. Museum of Art 3
M AN
1905
s .f. 25,000
Street A Park Opening.1T 3*2§ M A N
do
do
do „ 3
M AN
1913
s .f. 727,000
M A N
Street-Cleaning D ept___ 3
do
do
do .. 2*3 M A N
1913
s .f. 120,000
do
do ____ 3*2 M A N
do
do
do .. 3
M AN
Nov. 1, 1912s.f.
M Ü I 90,000
M A N
do
do ,.1T
do
do
do .. 3
M AN
1907
s .f. 40,000
College of N. Y. City........ 3 g~ M A N
do
do
do .. 3*ag. M A N
1916
200,000
do
do
......... 3" ( M A N
Amer. Mus. of Nat. His’y. 3
M AN
Nov. 1, 1913s. f. 595,000
M A N
do
do
....IT 3
do
do
do .. 2*a M A N
Nov. 1, 1913s. f. 205,000
M A N
High School Bonds.......... 3
do
do
do .. 3
M AN
Nov. 1, 1920s. f. 474,103
M A N
New Hall o f Records....... 3
do
do
do .. 3
M AN
Nov. 1, 1920
325.000
M A N
Bldgs for Botan’l Mus’m 3
do
do
do .. 3
M AN
Nov. 1, 1925s. f. 50,000
Riverside Park A Drive. 3 g M A N
do
do
do .. î*2g. M A N
Nov. 1, 1917
250.000
;.M A N
do
do
do
Temp’ry bridge ov. Bronx
Repaving 3d Av., 23d Wd. 3 g M A N
Riv. at Westchester Av.
M AN
1919
s .f.
5,000
M A N
do
Avenue A
3
Bridge over Bronx River
do
Avenue A ....... 3 _ M A N
at Westchester A v e __
M AN
1920
s .f. 15.000
M A N
do
23dA24thWds. 3
Brg ov. Bronx R. 177th St
M AN
1919
s .f. 30.000
do
do
3*2) ; M A N
Harlem R. Br.“ Wash’n’
M AN
Nov. 1, 1906s.f. 50.000
M A N
do
do
3
do
do
do
.. 3
M & N
Nov. 1, 1907s. f. 350,000
do
do
3g M A N
do
do
do
.. 3
M & N
Nov. 1, 1907
900,000
MA N
Paving Jerome A venue.. 3
do
do
do
.. 3
M & N
Nov. 1, 1903s.f. 800,000
Improv’nt of Parkways.. 3 g M A N
do
do
do
.. 3
M & N
Nov. 1, 1908
350,000
do
do
......... 3 g M A N
do
do
do
.. 2*2 M <fe N
Nov. 1, 1909s.f. 385,100
do do
.............. 3
M A N
do
do
do
.. 3
M & N
Nov. 1, 1910s. f. 16,650
Fire Hydrant.................... 3 g M A N
do
do
do
.. 3
M & N
--------178,300
Nov. 1, 1910
do
do .................... 3*2i ;M A N
do
do
do
1910
.. 2*2 M & N
s .f, 14,500
do
do ................... 3
M A N
do
do
do
.. 3
M & N
1913
s .f. 17,175
Police Department.......... 3 g M A NN
do
do
do
.. 3
M & N
1911
s .f. 89,508
do do
............... 3 ' ;M a N
do
do
do
.. 3
M & N
1912
s .f. 60,078
do do
............... 3
M A N
do
•do
do
... 3
M & N
1914
s .f. 45,590
do do
............... 3
M A N




47
t h e B r o n x . —(Oon.)
Pnncipal.When Due.
Outstand’g.
1915
s .f. $39.325
1914
s .f. 315.000
1915
s .f. 45,069
1919
s .f. 36,573
1920
80,000
Nov. 1, 1914s.f. 100.000
Nov. 1, 1915s. f. 85.000
1916-1920 s .f. 219,037
1916-1920
1 ,050,000
1920
655,980
1918
400.000
Nov. 1. 1916s.fl,.140.000
1917
5.000
S.f.
1920
100.000
1920
s .f. 180,000
1919
s .f. 45.000
1921
1919

s .f.
s .f.

50.000
50.000

1922
s .f.
1907
s .f.
1908
s .f.
1909
s .f.
Nov. 1, 1902s. f.
Nov. 1, 1907g. f.
Nov. 1. 1907s. f.
1907
s .f.
1907
s .f.
1915
1912
s .f.
1920
Nov. 1, 1907s.f.
Nov. 1, 1907s. f .
Nov. 1. 1911s.f.
1907
s .f.
1907
s.r.
Nov. 1, 1911s.f.
1907-1921 s .f.
1907
s .f.
Nov. 1, 1912s.f.
Nov. 1, 1912s.f.

15.000
120,000
330.000
53,715
496,800
331.000
110.000
16b ,000
45.000
778,772
230.000
70.000
7.000
3.500
637,118
34,500
5.000
20.000
240.000
25,000
1.500
7.000

1909
s .f. 466,100
1909
9,357,000
Nov. 1, 1909s. f. 237,500
Nov. 1. 1909s. f . 12,500
1911
s .f. 75.000
1912
s .f. 75.000
1913
s .f. 39,189
1916 1917 s .f. 88,121
1920
199,000
Nov. 1, 1909s.f. 105,000
Nov. 1, 1909s.f. 895,0C0
Nov. 1, 1910
1,000,000
Nov. 1, 1911 s . f l , 000,000
Nov. 1, 1913s.fl,500,000
Nov. 1, 1913
500 000
Nov. 1, 1916
500,000
1920
s .f. 525,000
1920
700,000
1916
475,000
1917
600,000
Nov. 1. 1923s. f.
1903
s .f. 28,500
Nov. 1, 1912s. f .
4,000
Nov, 1, 19 1 8s.f.l,,700,000
1920
800.000
1916
250.000
1907
s .f. 616.865
1910-1911
385.000
1912
s .f.
8,300
1915
s .f. 36,778
1920
640.000
1916
s .f.
Nov. 1, 1913 s .f.
Nov. 1, 1913
672,409
1916
s .f. 69.388
1920
274,181
Nov. 1, 1 9 l9 s.f. 1
690 000
Nov. 1. 1920
310.000
1912
s .f. 47,500
1913
1,,370,421
1914
124,500
1913
s .f. 37.000
Nov. 1, 1912s.f.
5.000
1914
195.000
1924
1,,584,371
1920
100.000
1914
s .f.
5.000
1914
60.000
1920
s .f. 65,111
1914
108,015
1915
s .f.
Nov. 1, 1916s. f.
Nov. 1, 1916s.f.
Nov. 1, 1918
1,
1914
s .f.
1912
133.000
Nov. 1, 1916
150.000
1914
47,000
1914
204,250
Nov. 1, 1915s. f. 350.000
1916
s .f.
5,000
1923
s .f.
1921
s .f.
1914
380.000
1°12
200.000
1920
50.000
1912
s .f. 45.000
1920
100,000
1920-1921 s .f. 413,425
1917
185.000
1921
s .f. 25.000
1920
85.000
1922
s .f. 125.000
700
1914
s .f.
65.000
1914
1914
s .f. 100.000
50.000
1925
50.000
1925
25.000
1907
60,549
1925
100,000
1925
Nov. 1, 1918s.f. 14.000
20.000
Nov. 1, 1918

48

STATE AW® CITY SUfflETVTEWT

Vol. L X V III

B o r o u g h » o f M a n h a t t a n a n d t h e B r o n x . —( Con.)
B o r o u g h s o f M a n h a t t a n a n d t h e B r o n x . —(Con.)
.-------—Principal,-----------LOANS—
-— Interest.— «
--------- Principal.---------,— Interest.—
LOANSWhen Due.
Outstand'g.
NAME AND PURPOSE.
P.Ot. Payable.
When Due. Outstand'g.
P. Ct. Payable.
NAME AND PURPOSE.
Consolidated Stock — ( Con. ) —
1912
Additional Water Stock... 3
M&N
$250,000New East River Bridge. . 3
M & N
1920
do
f.$137,325
1915
do ___ 3*2K M & N
3,030,500
do
do
do .. S^ag M & N
1917
do
100.000
1,750 000
1916
do ___ S^ g M & N
do
do
do .. SPig M & N
1918
300.000
do
do ___ 3 g M & N
Nov. 1, 1912s. f 1,383,500
Public Park (St. John’s).. 3 !ig M & N
1916
554,565
do
M&N
1914 391,500
do ___ 3
St. John’ s Pk. oonstruet’n 3
M&N
1916
s .f. 35.000 Water Main Stock............... 3
M&N
1912
s .f. 245,000
Public Park, 111th S t... 3
M & N
1917-1918 s .f. 88,690
do
M&N
do ............... 3
1913
s .f.
5,000
do
do 12ihW ard.. 3
M & .N
1921
s .f. 66,307
do
do ............... 3 g M & N
1914
250,000
Fort Washington Park.IT 3 ^ 1 & N
Nov. 1, 1918
867,-10 Payable from Taxation, or from Sinking
Depression RR Tracks.. 3*ag M & N
1910
300.000
missioners, Provided Such Payment S
do
do
do .. 3>2gM & öj
1911
85.000
the Preferred Claims Thereon.—(Sectu
Court-House...............
3
M & N
1919
s .f.
9,593
1878)—
Extension Kings Bdg.Rd. 3
M&N
1919
s .f.
2,000 Assessment Fund Stock__ 7
M&N
Nov. 1, 1903
$336,600
Park Improvement........ S ^ g M & N
1917
123.000
do
M&N
do
__ 6
Nov. 1, 1 903s.f. 156,100
do
do
........ SJagM & N
1918
175.000
do
M
&
N
do
___
Nov.
1,
1910s.f.
364,850
6
do
do
...... 3
M&N
1921
s .f. 102,000
M&N
do
Nov. 1, 1910
535,600
do
*__ 6
do
do
......... 3
M&N
1918
s .f. 37,000 City Pks. Imp’t Fund Stk.. 7
Dec.
23,
1901
200,00f>
M
&
N
State Tax for insane....... S'agM & N
1916
1, 200,000
M&N
do
Dec.
23,
1901s
.
f
1,371,500
do
do
6
do
do
....... 3*ag M & N
1915
177.000
do
M&N
Deo. 23, 1901
266,500
do do
6
Redemption of Bonds
S^g M & N
1922
7,000,000
do
M&N
Sept. 3, 1902s. f . 685,000
do do
6
Red. Rev. Bnds,ParkAve 3
M&N
1820
s .f. 100,000
do
M
&
N
Jan.
1,
1902
862,000
do
do
Con
6
Pub.Pk.,St.NicholasAv. 3
M&N
Nov. 1, 1911 s .f. 43,074
do
Sept. 3, 1902
465,000
M&N
do do
7
Croton Water Main........ 3
M&N
1918
s .f. 250.000
do
M&N
July 1, 1903s.f. 704,000
do do
6
do
do
......... 3*2 M & N
Nov. 1. 1918
400.000
M&N
do
July
1,
1903
100,000
do
do
6
Public Park, 11th Ward. 3
M&N
1920
s .f. 23,709
do
M&N
July 1, 1903
446,000
do do
7
Harlem R. Br. (145th St.) 3
M&N
1918
4,000
s .f.
do
M
&
N
July
1,
1904s.f.
125,000
do
do
6
do
do
do
3
M&N
1919
s .f. 96.000
do
M&N
July 1, 1904
100,000
do do- .. 6
Pelham Bay Bridge........ 3
M&N
1916-1919 s .f. 35.000
do
M
&
N
July
1,
1904s.f.
325,000
do
do
5
Public Park, 28th St....... 3
M&N
1921
s .f. 16,096 Consol. Stock —City............ 6 k J & J
July 1, 1901 4,252,500
Public Park, Hester St.. 3 M & N
1923
s .f. 16,561
do
July 1, 1901
8,885,500
County....... « g J & J
Viaduct, Riverside Drive 3
M&N
1914
s .f. 65.000 Croton Water Main Stock.. 7
M
&
N
NOV.
1. 1 900s.f. 44,000
Imp.Sp’tenDuyv.Pkway 3
M&N
1923
s .f. 55.000
M&N
do
Nov. 1, 1900
2,184,000
do
7
1922
Melrose Ave. V iaduct.,.. 3
M&N
s .f . 25.000
M&N
do
Nov. 1, 1900s.f. 972,000
do
6
1921
Depart, of Correction___ 3
M&N
s .f. 50.000
M&N
do
do
Nov. 1, 1900
284,000
6
___ 3 ijg M & N
do
do
Nov, 1, 1918
250.000
do
M&N
1900
s .f. 138,000
do
5
Depart, o f Charities........ 3
M&N
1921
s .f. 418,175
M&N
do
1906
s .f. 691,000
do
5
do
do .......... 3?Sg M & N
350.000
Nov. 1, 1918
M&N
1906
173,000
do
5
do
Ambulance Station........ 3
M&N
1916
s .f. 50,000 Dock Bonds.
July 1. 1901
1,000,000
6g J & J
Hospital Building CouM&N
1901
do
500.000
......................
7
M & N
verneur Slip__ 1.......... 3
65.000
1916
Ss
M&N
1902
do
750.000
..................... 7
Bldgs, for Public Health
1902
M&N
s .f . 250,000
do
..................... 6
M & N
and Comfort.................. 3
25.000
1919
Ss
..................... 6
M&N
1904
s f . 976,« »0
do
Public Bath, Rivingt’n St. 3
M & N
30.000
1919
Ss
M&N
1904
348,800
do
...................... 7
M & N
Board of Health............. 3
38.027
Ss
1919
M&N
Nov. 1 , 1 905s.f. 321,200
do
...................... 6
CourtHouse—-Appel’teDiv.ir 3isgM & N
389,431
Nov. 1, 1918
M&N
(Nov.
1,
1905
744.000
do
.....................
6
3
M & N
do
do
do
64,593
1919
s.l
1906
s .f . 150,000
M&N
do
..................... 6
M & N
Criminal Court-House Bds. 3
1908
sSs. f 1,845,000
M&N
1906
s .f. 2 8,000
..................
5
do
do
do
do
35.000
1908
S.l
2*2 M & N
M&N
1907
s .f. 460,800
do
..................... 5
M & N
Croton Water Stk.—Add’l . . 4
¡30,000
1899
Ss
M&N
1908
s . f . 147,000
do
...................... 5
M & N
do
do .. 3
do
1899
sSs!
.f. 259,000
M
&
N
1908
169,200
.........:
...........
5
do
M & N
500.000 Fire Department S tock .... 6
do
do
do IT 3
1899
M&N
Nov. 1. 18 9 9s.f. 5 1.952
Croton Water Main Stock.. 5
M & N
1900
s .f. 110,000 Museum of Art, &c............ 6
Ss
M
&
N
May
1,
1
903s.f.
665,000
M & N
do
do .. 5
do
1906
ss..f. 585,000
May 1, 190 s .f. 260,000
M&N
do
do
............ 5
M & N
do
do
do .. 4
Nov. 1, 1906s. ' 15,000 N.Y.Br.Bds. (Consol Stk.).. 6
M
&
N
Nov.
1,
19P5s.fl,252.0cO
M & N
Dock Bonds.
5
sSs.f. 225,000
1908
M&N
Nov. 1, 1905
248,000
do
do
do .. 6
5
M & N
do
Nov. 1, 1909s. 300.000
Q -F
May 1, 1926
500,000
do
do
do .. 5
M & N
do
5
200.000
Nov. 1, 1909
Subject to call on or after Nov. 1,1900
M & N
do
5
1910
Ss
s .f. 520,000
M & N
do
5
1911
s .f. 191,000 e.—Payable from Assessments or from the Sinking Fund, i f the Com
Ss
missioners
Thereof Approve, Provided Such Payments Shall Not
M
&
do
4
N
1911
Ss f. 672,000
in A ny Way Impair the Preferred Claims Thereon.—(See Sec­
4
M & N
1912
do
s.:
s.fl,080,000
tion
6,
Chapter
383, Laws o f 1878.)
4
M & N
do
1913
sSs!
.f. 820,000
in or aft. 1888s.f. $75,000
M&N
M & N
do
4
1914
S.l
s .f. 175,000 Assessment Bonds............. 3
21a M & N
do 1890s.f. 50,0o0
do
do
do
3
M & N
Nov. 1, 1914s. 270,000
M &N
do 1 890s.f. 650,000
do
do
M & N
Nov. 1, 1914
do
355.000
.................... IT 3
M
&
N
do 1891s.f. 35,000
do
do
Nov. 1, 1915
do
1.150.000
.................... IT 3*6 M & N
M&N
do 1893s.fl,639,000
do
do
M & N
do
1.500.000
1916-1918
... ...............IT 3
do
1893s. f.
5,000
do
.............
2*2
M
&
N
do
M & N
do
1918
s .f. 500,000
Ss!
.................... IT 3
M&N
do
do 1894s.f. 125,000
do
M & N
do
3
1919
1,0 0 0 ,0 0 0
M
&
N
do
1
8
9
5
s.f1,602,542
do
do
1919
do
S.l : 50,000
.................... t 2*2 M & N
do 1 8 9 6 s.fl, 180,887
M&N
do
do
do
1920
S.l
s .f. 400,000
.................... IT 2*2 M & N
M&N
do 1897s.f. 113,018
do
do
M & N
do
3
1920
1.050.000
M
&
N
1899
s . f . 350,000
do
do
M & N
1921
do
3
s.l
s .f. 450,000
M&N
1899
250,0 0
do
do
3
M & N
1921
1.250.000
do
M
&
N
do
1699
250,000
do
M
&
N
1922
3
S.l
s.12,480,000
do
1899
s .f . 518,000
do
do
2*2 M & N
M & N
1922
3
20.000
do
Nov.
1,
1899
250,000
do
do
.............
3*2
M
&
N
M & N
3
1923
s.fl,660,000
do
s.l
M&N
1900
s . f 975,000
do
do
M & N
1923
3
865.000
do
M
&
N
1901
s
.
f
1,450,000
do
do
M & N
3
1924
s .f. 960,000
s.
do
1901
M&N
200,000
do
do
M & N
3
1924
1.125.000
do
1903
M&N
950,000
do
do
1924
500.000
do
3*2 M & N
A nnexed T erritory B onds.
M & N
3
1925
s.: f, 30,000
do
Town
of
Morrisania—
Nov. 1, 1927
3.000.
000
do
.................... 1Î 3*2g M & N
1899 to 1915
Nov. 1, 1928
1.750.000
do
.................... U 3Lig M & N
17,500
Central Av. construction 7
Ann'’ly { $1,000 yearly.
M & N
3
1928
S.l
s .f. 250,000
do
1916-1980
N
3
g
M
&
1925
1.160.000
do
64.0 •••
Central Av. construction 7
semi-an
$1,000
yearly.
3ifigM & N
1926-1927
2.000. 000
do
s ( 1899 to 1910
M & N
1903
s.]
31,000
Museum of Art & Nat. His. 5
12.000
St. Ann’s Av. construct’n 7
M * 0 Ï $1,000 yearly.
M & N
1903
4
do
s.l ’.
2,000
do
do
Town
of
West
Farms—
M
&
N
3
Nov. 1, 1908s.]
25,023
School-House Bonds.......
( An’ly & 1898 to 2147
M&N
Nov. 1, 1908
do .......... 3
3,575,945
do
248,000
Central Av. construction 7 ( s’mi-an. $1,000 yearly.
1908
Ss!r.
do .......... 2*2 M & N
9,500
do
These bonds mature $1,000 yearly, except in the years 1916 and
M & N
Nov. 1, 1911s.] (1,336.872
do .......IT 3
do
M & N
Nov. 1. 1911
897,205 1917 when in each year $1,500 mature; in 1949 and 1975, none; in
do .......1T 3
do
Nov. 1. 1912
542,553 1950, $2,000; in 1959 and 2147, each $500. Interest on about onedo .......... 3ifl M & N
do
M & N
Nov. 1, 1913
754,560 half the bonds is paid annually, on the remainder semi-annually.
do .......... 3
do
1914
Ss f. 77,621 Town of West Farms—
do .......... 3 g M & N
do
1899 to 1909
1914
809,013
do .......... 3 g M & N
do
M & 8 f $10,000
So. Boulevard constr’t’n. 7
$
yearly. $108,500
M & N
1914
do .......... 3
27.000
do
1911
do .......... 3^ g M & N
806,502 Village of Williamsbridge— | Seweraf^î^F'^^C* * 1 7 5 $ $
do
1914
84,694
do .......... 3h. g■M & N
do
285,000
1915
1,925,141
do .......... 3*2S M & N
do
„
.
. I
5 Improvement........... 245,000
N
M
&
3
Nov.
1,
1916s.]
(2,542,784
do ..........
do
78,000
Town
of
Westchester............|
School
district..........
Nov. 1. 1916 3,691,269
do .......... 3i2gM & N
do
323,000
M & N
Nov. 1. 1914
42.000
(Sanit. Imp.) 3
do
79,800
1916
do
3*2g M & N
102,849 Village o f Wakefield, highway improvements.........................
do
15,000
Town
of
Eastchester,
school
district
bonds.............................
N
1914
3g M &
Ss!f.
do
959
do
87,871
1914
3g M & N
do
do
a
,
b
,
c
,
d
,
e
—These
letters
indicate
on
which
sinking
fund
the
Nov. 1, 1916s.] f.
do
8,209
3ie M & N
do
1911
M & N
do
3
ss.].f. 450,000 bonds are a lien, as more fully explained below.
do
PAR VALUE OF BONDS.—The denominations of the bonds and
d .—Secured by Special Sinking Fund Derived from Annual Taxa­
tion Tinder the Provisions o f the Constitutional Amendment stock of the city o f New York are not fixed. Certificates are issued for
any amount in even hundreds, with $500 as the minimum.
Adopted November 4,1884—
IN T E R E S T —W H E R E P A Y A B L E .—Coupon interest is payable at
M & N
Nov. 1, 1904s.f$2395000
’1Croton Water Stock.. 3
Nov. 1. 1904s. r. 300,000 Siate Trust Company; registered interest at office of City Chamberdo
do
2*2 M & N
lain;
interest on the gold coupon bonds of 1901 and 1902 is payable
N
M
&
1905
s
.f.
182,000
do
3
do
1914
200,000 also at Messrs. Rothschilds in London.
do
3g M & N
do
N
1911
4'
0,000
3ifig
M
&
T
O
T A L DEBT, SINKING FUNDS, Et c .—The subjoined statement
do
do
1912
175,000 shows the old city’s debt, etc.:
itional Water Stock— ! H M & N
Jan. 1,1899.
Jan. 1,1898.
Jan. 1,1897.
1,500,000
O
A
&
Oct.
1,
1904
do ..IT 3*2
do
$228,087,279
$195.907,690
5,000,000 Total funded debt...$221,916,333
A & O
Oct. 1, 1904
do .,1T 3
do
Sinking
fund
............
92,085,545
86,170,758
77,630,491
A & 0
Oct. 1, 1 9 0 4 s.fl,000,0(0
do ..IT 3
do
A &
Oct. 1, 1905 5,000,000
do ..TT 3
do
Net
funded
debt..$129,830,788
$141,916,521
$118,277,198
Oct. 1. 1907 8,200,000
A &
de ..IT 3
do
7,600
5,069,245
2,433,326
Oct. 1, 1907s . f 4,350,000 Revenue bonds. .. .
A &
do ..V 3
do
Oct, 1. 1907s. f. 9*0,000
do ..IT 2*2 A & o
do
Total
net
d
e
b
t
....$129,838,388
$136,847,276
$120,710,525
N
1912
s.
14,569,500
M
&
3
do
.
.
.
.
do




r.

r.
r.

o
o
o

49

April, 1899.
B o r o u g h s o f M a n h a t t a n and. t h e B r o n ^L.—fOon.)
The annexed table shows the old city’s net debt as it was on the first
day of January of each of the folio wins: years:
.
1899....... $129,838,388 1893....... $98,995,651 1 8 8 5..
$93,648,100
1898....... 136,847,276 1892....... 97.550,036 1 8 8 1 ..
.
106,066,240
1897....... 120,710,525 1891....... 98,064,418 1 8 7 6 ..
.
116,773,721
1896....... 112,450,020 1890....... 98,663,072 1 8 7 1 ..
. 73,373,552
1895....... 105,777,854 1889....... 91,313,135 1 8 6 6..
.35,973,597
1894....... 101,428,481 1888....... 93,300,581 1862...
20,087,310
SINKING FUNDS.—The total sinking fund assets of the old city
(Manhattan and the Bronx) on Jan. 1, 1899, were $95,731,052. Of
this amount $16,095,589 was held in a special sinking fund (sinking
fund redemption No. II.) for account of certain water bonds and
$79,635,463 (sinking fund redemption No. I.) was held for certain other
sinking fund issues. The character of the assets of the two sinking
funds here referred to is evident from the follow ing:
Sinking Fund Sinking Fund
Redemption I. Redemption II.
Total.
N. Y. City bonds (par value).$76,215, *<66
$15,869,679 $92,035,545
Cash...................................... 3.419,597
225,910
3,645,507

B o r o u g h o f B r o o k l y n . —City o ! Brooklyn.—(Con.)
•— Interest.— >
,---------- Principal.----------,
NAME AND PURPOSE.
Rate Payable. ■
When Due.
OutstanePg.
July 1, 1909
w York Bridge ...... 7
J <& J
$ 100,000
do
do
J <fe J
July 1, 1910
100,000
... 7
do
do
July
1,
1911
,.. 7
J & J
50,000
i
July
1
,
1912-’
16
)
do
do
... 7
J «fe j ] t $100,000 yearly. 51 500,000
do
do
J & J
91,000
,.. 7
July 1, 1917
do
,.. 7
J «fe J
do
105,000
July 1, 1918
do
do
J «fe J
... 7
104,000
July 1, 1919
do
do
... 7
J «fe J
200,000
July 1, 1920
do
do
J «fe J
181,000
,.. 7
July 1, 1921
do
do
,.. 7
J «fe J
154,000
July 1, 1922
do
do
... 7
J «fe J
65,000
July 1, 1924
do
do
112,000
Jan. 1 , 1936
... 3i2g J «fe J
do terminalimprov’s .... 3 ^ J & J
40,000
Jan. 1, 1922
y 5 Jan. 1, 1926-31 ) raa 000
do
do
3ifl
J > $ 100,000 y’rly. C 600.000
do Con. g. stk. 3*2 J & J
100,000
July 10,1925
60,000
3 ^
Mar. 12,1926
3
J & J
Jan. 1, 1922-’25 360,000
Of this loan $60,000 is in the sinking fund.
do Approach............ 4
j «fe J
July f , Í925-’ 27 275,000
do
....... 3*2 J «fe J
do
Jan. 1. 1923-’ 27 982,000
Of this loan $82,000 is in the sinking fund.
do
do
....... 3^2 J «fe J
July 1, 1923-27 500,000
do
do Con.g.stk. 3*2 J «fe J
Jari. 1, 1928
100,000
do
do Con.g.stk. 3^2 J «fe J
70.000
Jan 1, 1929
New E.R. Bdg.oon.g. stk. 3*2 J «fe J
Jan. 1, 1935
25,000
do
do
....... 312g J «fe J
150,000
Jan. 1, 1936
do
do
....... 312g J «fe J
Jan. 1, 1937
332,000
C 1899-1902 )
Cert , op I ndebtedness . . 3»2g J «fe J l $5,000 yearly S$30,000
{ on Nov. 10. )
do
do
___ 3^2g J «fe J
Jan. 1, 1900
30,000
do
do
___ 312g J «fe J
Jan. 1, 1901
30,000
do
do
___ 312g J «fe J
May 1, 1901
24,000
do
do
. . . . 312g J «fe J
Oct. 4, 1902
80,000

LOANS —

Total............................... $79,635,463
$16,095,589 $95,731,052
The totals of the various issues having a lien on these sinking funds,
and the order of their lien, are shown in the following; the letter pre­
fixed in each case being the same as that used in the table of bonds
above to designate thelssues having such lien.
a Total issues having a first lien on sink. f. redemp. No. I ... $1,865,900
b Total issues having a second lien on sinking fund
redemption No. 1.................................................................. 9,700,000
c Consolidated stock, etc., having a lien on special fund
derived from taxation and from sink. f. redemp. No. I .112,130,395
d Total issues payable from sinking fund redemptionNo.il. 41,977,000
e Consolidatecf stock (new parks) payable from sinking
fund redemption No. I in accordance with act of au­
thorization............................................................................
9,823,100
ASSESSED VALUATION.—The oíd city’s assessed valuation and
tax rate have been as follow s:
Personal
Total Assessed Rate o f Tax County D eficiency —
Tear8.
Real Estate.
Estate.
Valuation, per $1,000.
Con. gold stock................ 3*2gJ «fe J
Jan. 1, 1926
48,000
do
do
....... 3*2g J «fe J
1898.......$1,856,467,923
$509,022,449
$2,365,490,372
$20-10
Jan. 1, 1936
700,000
1897....... 1,787,186,791
381,449,065
2,168,635,856
21 0 0 Improvement B onds.—Various purposes,
1896....... 1,731,509,143
374,975,762
2,106,484,905 „ 21-40
City Hall impts............... S ^ g J & J
Jan. 1, 1920
95,000
.................. 1,646,028,655
370,919,007 2,016,947,662 19-10 do
............... 3*2g J & J
1895
do
Jan. 1, 1920 s.f.35,000
1894...... 1,613,057,735
390,274,302
2,003,332,037
17'90
Jan. 1, 1921
25,000
3iag J & J
1893....... 1,562,582,393
370,936,136
1,933,518,529
18-20
fe J { ^ 0 0 Moo^early4 ^ 300,000
Gravesend Local impts. 3Hîg.J
S^g.J <
&
323,359,672
1,828,264,275
18-50
1892...... 1,504,904,603
do
do
1891....... 1,464,247,820
321,609,518
1,785,857,338
19-00
Deo. 17, 1925
s. f. 13,000
3*2 J <fe D
1890....... 1,398,290,007
298,688,383
1,696,978,390
19-70
May 21,1925
do
do
8,500
3*2 J <fe J
1889....... 1,331,578,291
272,260,822
1,603,839.113
1950
Jan. 1, 1936
Int. due on Grav. bonds. 3*2g J <fe J
21,242
Local improvement.......IT 4
J <fe J
1920 to 1921
1888....... 1,302,818,879
250,623,552
1,553,442,431
22-20
108,000
1887....... 1.254.491,849
253,148,814
1,507,640,663
21-60
¿in
q3
5 ^*®b. 13, 1904-’ 16 ) 1 qaa aaa
do
ao
............ 3
........ ($100,000 yearly. 5 1’ 300>000
The total appropriations of the old city for 1896 amount to $46,496,«_
T j Jan. 1 , 1916-’24 )
571, Including $4,402.009 for State taxes. For 1897, $48,229,555,
fe J
do
do fu n d ,....... 3
J <
&
J ( $100,000 yearly. 5 900-000
and for 1898, $51,443,643. The expenditure was $45,298,448 for
Of
this
loan
$500,000
is
in
the sinking fund,
1896 and $48,815,919 for 1897.
do
do
. . . . . . 3*2 J A J
1918 to 1921
340,000
POPULATION.—Estimated by Health Department, August 28
Of this loan $140,000 is in the sinking fund,
1897, at 1,999,801. In 1892 the population was 1,801,739; in 1890
do
............ 3
do
& J
Jan. 1, 1921
s.f.7,000
it was 1,515,501: in 1880 it was 1,206,299; in 1870 it was 942,292; on
r Ar T 5 Jan. 1, 1920-’22 ) qaa aaa
do
doLaws o f 94
4
Mar. 11, 1899. the Health Department estimated the population of
J & J ¿ $100,000 yearly, j 300,000
Greater New York at 3,550,053.
t Ar t 5 Jan. 1, 1925-’28 ) >iaa aaa
do
do
............. 4
J & J ($100,000 yearly. \ 400l° 00
BO ROU GH OF B R O O K LY N .
do
............ 4
J & J
Jan. 1, 1929 35,000
CITY OF BROOKLYN.
do
............ 31
' * “ Jan. 1, 1923-24st200,000
do
......... 3^2gJ &
Jan. 1, 1930
The old city of Brooklyn covered the entire area of the county df
100,000
Jan. 1, 1914
do Laws of’95Ti
Kings, the county government being consolidated with that of the‘city
200.000
gJ &
do
Jan.
1,
1915
on January 1, 1896, under the provisions of Chapter 954 of the
*3gJ &
100,000
do
Laws of 1895. Under the provisions of this act “ the debt of the said
Jan. 1, 1916
300.000
: *agJ
Jan. 1, 1917
do Laws o f ’96 3*2gJ &
county shall not be deemed to be or be included as a part of the
150.000
do
S^gJ &
debt of the City of Brooklyn, within the meaning of the provision of
Jan. 1, 1917
250.000
do
ä ^ gJ &
Jan. 1, 1937
the Constitution of the State o f New York limiting the power of cities
37.000
to incur indebtedness.” [See Chronicle , vol. 62, p. 49.] The towns of
i July 1 , 1905-’ 10 ; 600.000
Eighth ward im prov.... Ü
I$100,000 yearly. 1
Flatbush, New Utrecht and Gravesend were annexed to the City of
do
do ..........
July 1, 1911
Brooklyn in 1894 and the town o f Flatlands became a ward o f the city
50.000
on the first day of January, 1896.
School improvement.... IT
& J { $100,0001 yearly! | 4°0,000
Debt city ot Brooklyn, including annexed towns, and debt of Kings
County, as constituted prior to January 1, 1898:
do
do
.......... 3
J & J j $H)0,0Ó0^eariy.} 800,000
Jan. 1, 1899.
Of this loan $758,000 Is in the sinking fund.
Payable from sinking funds......................................................$18,112,567 41
“
“
water revenue.................................................... 16,800,749 76 Museum Arts & Sciences. .S^jg.J &
Jan. 1, 1925-26 200,000
do
do
3^ J & J
Jan 1, 1927
“
“ assessments........................
6,150,614 00
92.000
do
do
3^2 J & J
Jan. 1, 1928
“
“
taxation.............................................................. 39,436,936 56
25.000
Memorial b on d s............... S^g.J & J
Oct. 4, 1917
7,000
Total................................................................................. $80,500,867 73 Par k B onds—
Less sinking fund—
East Side Park............... 4
J & J
Jan. 1, 1914
50,000
investments...............................................$6,970,746 38
Prospect Park.................. 7
J & J
July 1, 1915
6,561,000
Cash............................................................
640,226 35
do
do ....................... 7
J & J
July 1, 1916
134,000
-----------------7,610,972 73
do
do ...................... 7
J &J
Jan. 1, 1917
500,000
do
do ....................... 7
J &J
Jan. 1, 1918
410,000
Net debt............................................................................$72,889,895 00
do
do ....................... 6
J & J
July 1, 1924
1,092,000
Park purchase bonds___ 3
J &J
Jan. 1, 1912-’ 18 650,000
LOANS
,— Interest.— . ,------------- Principal.------------ .
Park Improvement........ 4
J &J
Jan. 1, 1909-’ 10 100,000
NAME AND PURPOSE.
Rate. Payable.
When Due.
Outstand’y
do
do
......... 3*2 J & J
Arrearage 10-408................ 4
J & J
July 1, 1923 $1,650,000
Jan. 1 , 1911-’ 12 s.f.100,000
do
do
____ _ 3*ag J & J
do
10-40s................ 3*2 J & J
May 1, 1924
July 1, 1913 s.f.40,000
700.000
Road bonds.................... S ^ g J & J
Subject to call.
Jan. 1, 1917
s.f.55,000
do
county ta x es... 4 J &
Public
Library..................
3*2gJ
&
J
Jan. 1, 1937
5,000
July 1, 1924
549.000
Asphalt repaving bonds... 4
J &
July 1, 1905
43.000 Re-indexing Bonds—
B ridge B onds—
Con. gold stock............... 3^2 J & J
Jan. 1, 1927
s.f.52,500
do
do
........ 3*2g J & J
Brooklyn City bonds C l J &
J a n .l,’ l l - ’12
July 1, 1905
134,500
405.000
do
do
........ 3^3 J & J
Jan. 1, 1927 8. f . 84,000
for
^7 J &
July 1, 1906
400.000
completion o f bridge. ( 7
J &
July 1, 1907
345.000 Se w e r B onds :
East River Bridge.......
¡j^ F <&
Jan. 1, 1937
30,325
Sewerage fund............ff 4
J & J
Jan. 1, 1899
s.f.30,000
B ridge Bonds—
do
S^gJ & J
Jan. 1, 1900
12,000
Brooklyn City bonds c l
J &
July 1, 1908
do
................ 3*2gj & J
100.000
May 1, 1901
24.000
for
16 J &
July 1, 1908
260,000
Aug. 6, 1916 s.f.40,000
Sew er............................... 3*2gJ <fc J
July 1, 1909
400.000
do Con. g. stook....... 3*2 J & J
Jan. 1, 1925
250.000
do
do
....... 6
J <fe
July 1, 1910
440.000
do
................ 3^} J & J
Jan. 1, 1936
75.000
do
do
....... 6
J <fe
July 1, 1911
400.000
do
................. 3i2gJ & J
Jan.
1,
1936
100.000
do
do
....... 6
J <fc
July 1, 1912
400.000
3*2 F & A
Jan.
1,
1937
50.000
do
do
....... 6
J <fe
July 1, 1914
350.000
Sewerage,Flatb.S.Ases.1T 3 ^ J & J
Aug. 1, 1900
8. f. 10,000
do
do
....... 6
J «fe
July 1, 1916
300.000
do
if 3L>v F
* 5 Aug 1 ,1900-’06 )
do
do
35.000
do
....... 5
J <fe
July 1, 1917
do
ii
s A j $5,000yearly. (
500.000
do
do
....... 5
J <fc
July 1, 1918
250.000
Of this loan $15,000 is in the sinking fund.
do
do
....... 5
J <fe
July 1, 1919
810.000
3 1« F & a 5 A ug-1> 1907-’ 1 0 )
do
do
40.000
do
do
....... 5
J &
July 1, 1920
319.000
3*2 x * A }$io,000 yearly.'
do
do
....... 4
J <fe
July 1, 1921
371.000
doBondslf 3*2 F & A
Aug. 1, 1910-’ 11
2,000
do
do
....... 4
J &
July 1, 1922
400.000
do
IT 3*2 F & A
Aug. 1, 1912-13
12.000
do
do
....... 4
J <fe
July 1, 1923
200.000
do
H 3>2 F & A
Aug. 1, 1914-19
30.000
do
do
....... 4
J <fc
Jan. 1, 1925
257.000
do
Ü 3^ F & A
Aug. 1, 1920
6,000
do
do
....... 4
J &
July 1, 1927
300.000
do
do
35.000
do
do
....... 4
J
July 1, 1928
356.000
>w York Bridge ....... 7
J <fe
July 1, 1900
50.000
do
do
3H.« F & A j
j 70,000
July 1 ,1901-’04
do
do
....... 7
J <fc
400.000
$100,000 year.y
do
Sew’e fundKnick.Av.se’r 3*2 J <fc J |J$292000 yearly5 j 198,000
do
....... 7
J <fe
July 1, 1905
71.000
do
do
....... 7
J &
July 1, 1906
128.000
do
do
Ê
” &
Julyl,1906 & ’07
49,161
do
do
....... 7
J «fe
July 1, 1907
101,000
Main sewer relief, e tc....
&
July 1, 1908
s.f.90,000
do
do
....... 7
J «fe
July 1, 1908
50.000
do
do
....
July 1, 1922 s.f.117,000
&




50

STATE MID CITY SUfflEMEWT,

B o r o u g h o f B r o o k l y n —City o f Brooklyn.—(Con.)
<— Interest.— . .------------- Principal,------------ >
NAME AND PURPOSE
P. Ot. Payable.
When Due.
Outstand’g.

LOAN —

S e w e r B onds —(Con.)

Main sewer relief,etc...

3*2 J & J

1933

s.f.$50,000

VoL L X Y III

B o r o u g h o f B r o o k l y n . —Gravesend—( Oon.)
S e w e r B onds — (Con.)—
When Due.
5s, J&J, 40,000............ 1923-1931
S e w e r B onds —
($5,000 yearly on July 2.)
5s, J&J, $236,000....May 20,1906

LOANS —

4*28, J&J. 66,000......... 1918-1927

I m p r o v e m e n t B onds —

5s, J&J, $330,000.......July 1,1933
($6,600 yearly on Jan. 2.)
3-65S, J&J, $20,000..... 1918-1927 5s, J&J, 127,000.......Jan. 1,1934
5s, J&J, 148,000.... *July 1,1934
($2,000 yearly on Oct. 4.)
Sch ool B onds —
3*4 8, J&J, $83,000....... 1919-1928
200.000
6s, Jan., $ 2 0 ,0 0 0 .......... 1900-1904
(Part yearly on July 2.)
50.000 5s, J&J, $60,000........... 1921-1930
($4,000 yearly on Jan. 6.)
168,000
6s, Sept., $7,500............. 1899-1903
($6,000 yearly on Julv 2 )
50.000 5s, J&J, $30,000 .......... 1922-1931
(Part yearly on Sept. 15.)
N e w U tr e c h t an d G ravesen d
($3,000 yearly on July 2.)
250.000
J o in t B onds 5s, J&J, $70,000 .......... 1923 1932
400.000
58,
J&J, $2.398.........Jan. 10,1899
($7,000 yearly on July 2.)
100.000 5s, J&J, $280,000.......... 1921-1930 Bonded debt J a n .l,’99..$l,396,898
200,000
($28,000 j early on July 2.)
45,000 5s, J&J. $21,000........... 1922-1931
Issue questioned.
150,000
FLATBUSH.
50,000
Flatbush was annexed to the city of Brooklyn in 1894.
100,000
149,000
SfWER B o n d s —(Con.)
LOANS—
When Due.
Site and B u ild in g L oans :
Sch ool B onds 4s, J&J. $270,000.......... 1899-1928
($9,000 yearly on July 15.)
68,
Mar.,
$5,000............
1900-1904
Fourth Precinct station..
J & J |J $5 OQOjearly? 3 i s f-25*000
3*28, M&N, $55,000....... 1899-1909
($1,000 yearly on Mar. 10.)
($5,000 yearly on Nov. 1.)
A
ssessment B onds —
Memorial monument___ 3 *2g.J & J { J$ io 000 ^ a u 'ly 7 ^ 40,000 3*as, M&N, $50,000......1899-1909 4s, M&N,
$110,000........ 1899-1909
do
Warren Pedestal 3*2g.J & J
Jan. 1, 1906s.tf.4,000
($10,000 yearly on Nov. 1.)
($5,000 yearly on Nov. 1.)
Municipal site.................. 3
J & J Julyl,1914-’15&’ 16sf.265,000 4s, M&N, $200,000..... 1900-1909 4s, M&N, $11.000 ......... 1899-1909
Public market................. 4
J & J
Jan.l,1920,to’ 231,209,000
($1,000 yearly on Nov. 1.)
($20.000 yearly on Nov. 1.)
do
do .................. 3 *2g.J & J
Jan. 1, 192490,000
3*28, F&A, $4,000...........1899-1904
S e w e r Bonds —
J & J Jan. 1,1917/18 &’ 19 750,000 3*28, J&J, $130,000......1899-1911
do
do ............... IT 3
($500 yearly on Aug. 1, exoept
t a t SJuly1,1920,to *24 )
Ann
in 1898,1901 & 1904, when $1,000
($10,000 yearly on July 15.)
Public site and oonst’ct’n 3
J & 3 I$100,000 yearly. \ 500.000 3*28, J&J, $75,000........1912-1928 mature.)
Of this loan $370,000 is in sinking fund,
Bonded debt Jan. 1,189 £>.$911,000
(Part yearly on July 15.)
School building............... 4
J
100,000
Jan 1, 1920
FLATLANDS.
do
do ................ 4
J
Jan. 1,1920 to »22 250.000
This town was annexed to the city of Brooklyn on January 1,1896.
do
do ___1892jf 3*2 J
100.000
Jan. 1, 1918
do
do ___18921T 3*2 J
100,000
Jan. 1, 1919
P olice B onds —
LO ANSWhen Due.
do
do ................ 3*2 J
40,000
Jan. 1, 1923
5s, M&N, $ 1 5 ,3 0 0 ....May 29,1903
St r e e t and g r a d in g B onds do
do ................ 3*2 J
Jan. 1, 1 9 2 3 ’24 s.f.200,000 68, M&N, $8,321............. May, 1899 Bonded debt Jan. 1, ’ 99...,$40,985
da
do ................ 3*2 J
Jan. 1,
1925 a.f.18,000 6s, J&D, 8,363............. Dec., 1899
do
do .......1894 3*2g.J
Jan. 1, 1925
32,000 5s, M&N, 9,000............. 1899-1900
do
do .......1894 3*2g.J
Jan. 1,1924-26 250,000
($4,500 yearly on Mar. 20.)
do
do .
1895 3*2g.J
Jan. 1,
1935
218,000
NEW LOTS.
do
do ................ 3*2g.J
Jan. 1, 1936
232,000
do
New Lots was annexed to the city of Brooklyn in 1899.
do .......1895 3*2g.J
Jan. 1,
1936 s f 100,000
do
do ............. IT 3
J
1917-1921
266,000
LOANSWhen Due. I Bonded debt Jan. 1, ’99. .$500,000
Of this loan $162,000 :
4s, J&J, $500,000...........1906-1925
do
do ................ 3*2g.J
(*25,000 yearly on July IP.)
Jan. 1, 1937
250,000
do
do ................ 3*2g.J
Jan. 1, 1937
90,000
NEW UTRECHT.
jJ * r l 15.000yrly to’0 0 » f , o 0 000
New Utrecht was annexed to the city of Brooklyn in 1894.
Sold’rs ’ and sail’rs’ mon’t 3
J
® J >20.000
20,000 to 1905. C
S8t
LOANS —
When Due. 6s, Mar. ... $2,000....... 1900-1901
do
do
4
J & J
June, 1925
100,000
($1,000 yearly on Mar. 28.)
F lagging B onds Station house.................... 4
J & J
Sept. 14,1904
50.000
St r e e t I m p r o v e m e n t B onds —
do
do .................. 3*2 J & J
JaD. 21,1905 s.f.14,000 58, J&J, $2,810..............1899-1900
.
(1,405
yearly
on
July
25.)
5s,
J&J,
$500,000_____ 1905-1954
do
do .................. 3*2 J & D
Deo. 17,1905
s.f.1,000
($10,000 yearly on Jan. 1.)
do .................. 3*2 J A J
do
Mar. 16,1906 s. f. 10,000 5s, F&A, $ -.6 0 0 ............1899-1901
($3,200
yearly
on
Aug.
15.)
S
e
w
e
r
B onds do
do .................. 3*2g.J & J
May 1, 1906
39.000
do .................. 3*2g.J & J
do
Oct. 29,1906
s.f.4,000 5s, J&D, $3,500........ June 1, 1899 58, J&J, $42,720............1899-1904
($7,120 yearly on July 10.)
5s, M&S, 6,584.............1899-1902
W allabout M arket —
($1,646 yearly on Sept. 20.)
5s, J&J. $5,680.............. 1899-1908
do
Cou. stook. 3*2 J
Jan. 1, 1903
s.f.10,000 5s, J&D, $15,120...........1899-1904
($568 yearly on Jan. 15.)
do
Con. stock. 3*2 J
Jan. 1, 1925
s.f.25,000
I m p ro vem en t B onds —
($2,520 yearly on June 20.)
do
.......... 3*2g.J
do
Jan. 1, 1925
15.000
School B onds —
5s, J&J, $40,000 .........1899-1906
do
do bonds. 3*2g.J
Nov. 10,1921
25.000 5s, Feb. .., $3,600......... 1900-1901
($5,000 yearly on Jan. 5.)
do
do .......... 3*2g.J
Oct. 4,1917
20.000
($1,800 yearly on Feb. 1.)
5s, J&J, $22,500............1899-1907
Wallabout B onds—
($2,500 yearly on Jan. 5.)
5s, J&J, $7,200
1899-1902
do
do .......... 3*5g.J
Bonded debt Jan. 1, ’99..$664,114
($1,800 yearly July 1.)
Jan. 1, 1925
s.f.70,000
do
do .......... 3*2g.J
Jan. 1, 1926
65,00c
COUNTY OF KINGS.
do
do .......... 3*2g.J
Jan. 1, 1926
190,000
Kings County and the city of Brooklyn were consolidated on Jan.
Con. g.Leonard 8t.imp. stk. 3*2g.J
Jan. 1, 1937
70,000 1,1896. [See V. 62, p. 49.]
W ater B onds—
LOANS —
When Due.
LOANS —
WhenD ue.
Water bonds.................... 7
J
Jan. 1, 1904
287.000
B u ild ing I m provem en t H a l l of R ecords —
do
do .................... 7
J
Jan. 1, 1906
60,000 48, . . . . $250,000..May l , ’ 1 0 t o ’ 19 4s,
$28,000.............
May
1,1899
do
do .................... 7
J
Jan. 1, 1909
87.000
4s,
54,000.................
“ 1900
($25,000 due yearly.)
do
do .................... 7
J
July 1, 1909
100.000
Cou nty F a r m —
4s,
54,000..................
“ 1901
do
do .................... 7
J
Jan. 1, 1910
341.000 4s, $150,000.............. May 1,1899
Pa r k F dnd L oan do
do .................... 7
J
July 1, 1910
97.000 4s, 175,000...............
48,
.
.
.
.
$60,000...
.May
1.1905
“
1903
do
do .................... 7
J
July 1, 1912
-97,000 4s, 325,000................
“ 1904 4s........ l,950,000.May 1 /06 to’44
do
do .................... 6
J
July 1, 1899
2 /1 5 ,0 0 0 4s,
“ 1905
($50,000 due yearly.)
32,000................
do
do .................... 6
J
Jan. 1, 1902
1.229.000 4s,
32,000................
“
1906 4s........
400,000. July 1/33 to’40
do
do .................... 6
J
Jan. 1, 1904
260.000 4s, 119,000................
R
efu n din g L oan “
1907
do
do .................... 6
J
Jan. 1, 1906
30.000 4s, 119,000............
“
1908
48,
$121,000............
May 1,1900
do
do .................... 6
J
Jan. 1, 1907
445.000 4s, 115,000...............
“ 1909 4s,
121.000 .........
“ 1901
do
do .................... 6
J
Jan. 1, 1909
100.000 4s,
119.000
.........
“ 1902
115,000................
“
1910
4s,
do .................... 4
do
J
1910 to 1914
4.094.000 4s, 119,000................
4s,
“
1911
119.000
.........
“
1903
do
do
1892 3*2 J
Jan. 1, 1911
400.000 4s, 119,000................
“ 1912 4s,
197.000 .........
“ 1905
do
do
1892 3*2 J
Jan. 1, 1912
1.500.000 4s,
119,000...............
« 1913 4s,
197.000 .........
“ 1906
do .................... 3*2g J
do
1913
30.000 3*28, 100,000...............
“ 1901 4s,
100.000 .........
“ 1907
do
do .................... 3*2gJ
Mar., 1916
205,855 3*28, 325,000...............
“ 1902 4s,
1 0 0 ,0 0 0 ...........
“ 1908
do
do .................... 3**g J
Aug. 6, 1916
10.000 3*28, 325,000................
4s,
..........
“ 1909
“
1903
204.000
do
do Con. g. stk. 3*2 J
Jau. 1, 1925
350.000 3*28, 325,000...............
“ 1904 4s,
204.000 ..........
“ 1910
do
do ........ : . ........ 3*2 J
May 21,1917
16,500 3*28, 325,000...............
“
1905
3*28,
121,500..............
“
1902
do .................... 3*2 J
do
Jan. 1, 1937
375.000 3*28, 100,000................
“
1906
3*28,
121,500.............
“
1903
do
...................
do
Jan. 1, 1936
3*2 J
350.000 3*28, 100,000................
“
1914
3*2S,
130,000..............
“
1918
do ................... 3*2gJ
do
Jan. 1, 1937
750.000 3s, 200,000................
“
1900
3s,
180,000..............
“
1915
do
do .................... 3
J
Jan. 1,1905 & ’06 1,000^000
D rivew ay & P ar k w a y State Ta x L oando
do .................... 3
J
July 1,
1908
500,000 4 s ,. . . . $1,500,000.July l , ’0 0 to’14 48, $119,000............. May 1,1904
do
do .................... 3
J
Jan. 1,
1909
600,000
($100,000
due
yearly.)
S
treet I mprovements—
do
do .................... 3
J
Jan. 1,
1912
125.000 4s.......
$50,000... .July 1,1915 4s........$500,000.. July 1 /15 to ’ 19
do
do .................... 3
J
Jan. 1,
1913
420,000 4 s , .. . . 1,800,000. July 1 /1 6 to’33
($100,000 due yearly.)
do
do Con. g. stk. 3*2 J
Jan. 1,
1937
110,000
($100.000 due yearly.)
4s........$1,050,000. July 1 /20 to’26
SINKING FUND.—The sinking fund is invested in the oity’s own 4 s ,.... $250,000. Jan. 1/01 to ’05
($150,000 due yearly.)
bonds, those issues marked with “ s. f . ” in the table above being
($50,000 due yearly.)
held entirely by this fund.
CERTIFICATES OF INDEBTEDNESS.
LOANS
When Due
LOANSWhen Due.
TA X FREE.—Certain loans o f the city of Brooklyn are exempt from
A rmory —(14th Regiment.)
A r m o r y — (13th Regiment.)
taxation, and where the fact is known to us we have added a paragraph
4s, $60,000.............. May 1,1899 4s, $270,000.May 1,1899 to 1907
mark (IT) to the title of the loan.
($30,000 due yearly.)
10, 000 .
1900
4s,
IN TER EST. -Interest is payable by the city of New York, but ar­ 4s,
60,000.
1901 4s, $60,000 ................May 1,1908
rangements will be made to pay coupons at a local bank in Brooklyn. 4s,
County R ecords—
1902
10,000.
$18,000..............Nov. 1,1905
60,000.
1903 4s,
ASSESSED VALUATION . —(Old city of Brooklyn.) There was no 4s,
25,000..............Jan. 1,1900
1904 4s,
10,000.
4s,
assessment or tax in 1898.
4s,
35,000..............Jan. 1, 1905
1905
60,000.
4s,
-Assessed Valuation.. Rate o f Tax 4s,
4s,
99,000..............July 1,1907
1906
10
, 000 .
Tears.
Real.
Personal.
Personal.
Total.
per $1,000 4s,
4s,
9 ,3 93 ..............Jan. 1,1901
1907
60,000.
1897..............$570,107,742
$33,688,721
$603,796,463 r $28-31
1909
80,000.
4s,
1895............ - 540,359,686
23,627,446
563,987,132
27-40
T O T A L D EBT, Etc .—The subjoined statement shows the total debt
1890............... 430,911,794
21,846,807
452,758,601
25-80
of Kings County in each of the years named.
1885............... 311,308,060
19,375,702
330,683,762
29-00
1880............... 223,620,197
11,215,794
234,835,991
26-90
Jan. 1 , ’99. Jan. 1 , ’98. Mar. 2 6 /9 7 . Mar. 27,’ 96PO P U LATIO N .— In 1892 population of the old city o f Brooklyn Total debt.......... $14,575,393 $14,851,893 $15,103,393 $16,155,839
was 9 57,163; in 1890 it was 806,343; in 1880 it was 566,653. In
B O R O U G H O F QTTFBNS.
1897 (estimated) 1,189,000.
COUNTY OF QUEENS.
GRAVESEND.
The amount of the outstanding bonds o f the county of Queens and of
Gravesend was annexed to the city of Brooklyn in 1894. The debt the town of Hempstead and school districts therein which will be
Jan. 1 ,1 8 9 9 , was $1,396,898, not including $148,000 of local improve­ chargeable to the city o f New York has not yet been judicially deter­
ment bonds in litigation.
mined. The debt of these places is given under separate heads elsewhere.
do
.... 3
J & J
{ j » 3y & 6 i
do
___ 3*2 J & J
1922 to 1927
Of this loan $250,000 is in the sinking fund,
do
do
.... 4
J & J
1931 & 1932
Auxiliary (con. g. stk.) 3*2 J & J
Jan. 1, 1925
do
do
Jan. 1, 1936
3*2g.J &
do
do
. . . . 3*2gJ &
Jan. 1, 1936
Twenty-sixth and adja-) 4
J &
1917-’ 19
cent wards................ )
1920-’23
do
do
4
J &
Jan. 1, 1926
do
do
4
J &
Jan.
1, 1915-’ 16
do
do
........ 3*2 J &
do
do
......... 3 *2g. J As
Jan. 1, 1918
Jan.
1,
’24-’ 25
do
do
1892 3*2 J &
Jan. 1, 1925
do
do
3*2 J & J
do
do
Jan. 1, 1927
3*2g.J & J
do
do
3g. J & J
Jan. 1, 1914
do
do




400>000
643.000

51

NEW YONK— CITIES AND TOWNS,

April, 1899

B o r o u g h o r Q u e e n s .—(Con.)
B o r o u g h o f Q u e e n s .—( Con.)
VILLAGE OF ARVERNE-BY-THE SEA—TOWN OF HEMPSTEAD.
LONG ISLAND CITY.
LOANS —
When Due. I Building B onds—
This was formerly a city in Queens County.
D rainage B onds—
|5s, ........ . $8,000— 1917 to 1924
Station H ouse B ondsLOANS —
When Due.
5s,
. . . , $5,000___ 1915 to 1919
Improvement Bonds—
58............ $15,000......................... 5a.............
N ew to w n Funded D ebt3 ,00 0
1920 to 1921 5s........... . $40,000 ...1 9 2 0 to 1927
G e n e r a l I mprovem . B onds—
78, F&A, $22,509.Feb. 1,’00-’01
5 a ,..........
3 ,0 0 0 ....1 9 2 1 to 1922 I 5s........... . 6 0 ,0 0 0 .... 1920 to 1923
4*28. M&N, $34,000.May 1, 1899 5a........... . 3 ,0 0 0 ....1 9 2 1 to 1922 5 s , .......... 4,000 ... 1920 to 192 »
($20,000 yearly.)
4*28, M&S, 145,500. Sept. 1, 1899
N e w to w n (refunded debt)—
I 5s............. 4 0 ,0 0 0 ....1 9 2 0 to 1923
7s, F&A, $64,000.Feb. l , ’08-’ l l 4*28, M&S, 44,000.Sept. 1, 1905
4*28, M&S, 31,500.Sept. 1, 1906
($16,000 yearly.)
VILLAGE OF FAR ROCKAW AY-TOW N OF HEMPSTEAD.
6s, F&A, $112,500.Feb. 1 ,’13-’ 19 413s, M&S, 50,000.Sept. 1, 1909
Improvement B onds— (Con,)
LOANS—
When Due.
4*28, M&S, 22,000.Sept. 1, 1914
(Part each year.
4s, . . . . . $19,000.........1899 to 1917
B onds4s, F&A, $16,000. Feb. 1, 1920 4*28, M&S, 364,500.1915 to 1921 58,I mprovement
4s.........
15,000.........June 1,1918
Jan.
1,1922
J&J,
$61,000........
I
($50,000
due
yearly.)
W ater L oan (funded)—
Se w e r B onds$23,000........ 1899 to 1921
7s, M&S, $10',,000.Sept.l,’99-’04 4 *2 8 ,...., 394.000......................... 5s, J&J,($1,000
58,
J&J,
$75,000.........Jan.
1916
annually.)
4 * 2 8 , 8 9 , 5 0 0 ......................... 5s, J&D, $13,000.......1899 to 1911 5s, J&J, 35,000......... Jan. 1,
($20,000 yearly.)
1,1917
4 *2 8 ,....,
5,000.Deo. 31,1907
R efunding Water L oan3*28,
J&J,
50,000...........1901-1925
($1,000
annually.)
68 A&O, $47,000.Oct. 1, ’ 11-’14 4 * 2 8 , 6,000........................ 4s, J&J, $15,000........ 1902 to 1916
($2,000 yearly on Jan. 1.)
Street I mprovem . B onds(Part each year.)
($1,000 annually on Jan. 1.)
5s, M&S, $37,500.Sept.l,’ 18-’ 19 4128, M&N, $99,500. May, 1911
4*28, M&N, 317,000 N o v .l,’99-’02
($15,000 each y e a r)
VILLAGE OF ROCKAWAY BEACH—TOWN OF^HEMPSTEAD.
($81,500 due yearly.)
5s............ $37,500.............’ 23-’ 25
4s, M&S, 45,000. Sept. 1, 1920 4128, M&N,$130,500.Mar. 1, 1913 Street Improvement Bonds—5s............ 1902 to 1920................. $57,006
R evenue B onds*—
W ater L oan —
TOWN OF JAMAICA.
1903
3*2B, M&N, $21,500.May 1, 1920 5s, M&N,$103,500.
LOANS—
When Due. I Road B onds—
2,000.........................
3*28,____
18,500
S
chool
B
onds
—
I 4s........... . $45 0 ,00 0 ....
1926
4*28,
M&N,
9,500.Nov.
1,
1899
4*28....... .
19,000.Oct. 7, 1915
1899
I
4*28, J&J,
80.000. July 1, 1902 4 s ,.......... $ 2 ,0 0 0 ....
F ire D epartment B onds 4s.
M&N,
77.000.
May
1.
1910
78, M&S, $20,000.Sept. 1, 1902
VILLAGE OF JAMAICA—TOWN OF JAMAICA.
43.000.
1903
35,000.................1924 4*28, . . . . ,
4*28.........
4*28, . . . . ,
50,000........................
S urvey & M ap B onds (ref’d’g)
Se w e r B onds—
I Street B onds—
5s, J&J, $57,500. July 1,’ 18-’21 4*28, A&O, 10.000. Apr. 4 , 1904
............. $150,000....
1917
I
$350,000.... 1917-1936
48, J&D, 20,500.June 1, 1900
P ublic School Bonds—
TOWN OF JAMAICA SCHOOL DISTRICTS.
5s. M&S,
4*28, M&S, $220,000
1912
50.000. 5.pt. 1, 1901
4*28, M&S, 50.000.
1905
4*28, M&S. 122,000.
1912
D istrict No . 7—(Con.)
LOANS—
When Due.
125,000.May 1, 1907
4*28, . . . . ,
E ngine H ouse B onds—
D istrict N o . 1—
4 s ,......... . 3 9 ,0 0 0 ....1 8 9 9 to 1937
70.000. Aug, 1, 19074*28.......... $35,000....1927 to 1976 4 s , ......... . $ 2 5 ,0 0 0 ....1 9 0 0 to 1924
5 b, J&D, $15,000.June 1, 1909 4*28, . . . . ,
4 *2 8 ,...., 105,000. Apr. 15,1906
F unded D ebt B onds 4s............. 20,000___ 1910 to 1929
D istrict No. 2 —
Bonded debt Jan. 1, ’98.$3,927,000 5 s , .......... $ 2 ,5 0 0 ....1 9 0 5 to 1907 5 s ,......... . 8 8 ,0 0 0 ....1 9 1 0 to 1953
4*28, A&O, $111,500
1913
Water debt (included)..
356,000
4 *2 8 ,....,
96,000.
1918
5 8 ,......... . 125.000___ 1950 to 1974
D istrict N o . 3—
Tax certs, (additional).
536,000 5 s ,...........$14,000....1904 to 1914
D istrict N o . 8—
5 8 ,............$ 2 0 ,0 0 0 ....1 9 0 9 to 1918
D istrict N o. «—
(r) The 7 per cent survey and map bonds are registered and all hqld 4 s ,........ , 100,000....1900 to 1949 4s........... . 1 8,0 0 0 ....1 9 1 9 to 1927
5 s , .......... 1 0 ,0 0 0 ....1 9 0 0 to 1919 5s........... . 75,000---- 1930 to 1954
by savings banks. All other issues are coupon bonds.
D istrict N o. 9—
D istrict N o. 5—
(*) The principal and interest of the revenue bonds are payable from
4s............. $10,000....1899 to 1908 6 s , .......... $ 1 ,0 0 0 ....1 8 9 9 to 1902
the outstanding taxes and water rents

PAR V A L U E .—Bonds are in $1,000 and $500 pieces.
INTER EST is payable by the city o f New York. Arrangements will
be made to pay coupons at a local bank.
TOWN OF FLUSHING.
When Due.
bridge B onds—
LOANSR oad B onds-

5 s , .......... $ 6 ,0 0 0 ....1 8 9 9 to 1902

D rainage B onds—

6s......... , $ 3 ,5 0 0 ....
1899
Ca u se w a y bonds—
4s........... . $ 9 ,0 0 0 .... 1900 to 1908

48.......... . $50,000....1900 to 1999 5 s , .......... 1 1 ,0 0 0 .... 1899 to 1909
4s............ 29,000
1907 to 1921 4s............. 1 2,5 0 0....19 0 1 to 1906
R efunding B onds—
5s.......... . 2U.000
1899 to 1918
5s.......... . $5,000....1899 to 1903
TOWN OF FLUSHING
When Due.
D istrict N o . 1—
1 QQQ
5s.............
$ 1 0 0 ...
3 0 0 ... !l899 to 1901
5s.............
5 s , ..........
2 ,0 0 0 ... 1899 to 1902
5s........... .
3 ,5 0 0 ... ,1903 to 1906

LO AN S-

D istrict N o . 2—
5s........... . $ 7 5 0 0 ...
5s............. 1 6 ,0 0 0 ...
D istrict N o. 3—
5 s , ........., $ 2 ,5 0 0 ...
D istrict No. 4—
5s........... . $ 5 ,0 0 0 ...
5s........... .
2 5 0 0 ...

.1899 to 1903
,1901 to 1916
,1899 to 1908

D istrict N o . 6—
6 s ,......... . $ 6 ,0 0 0 ....1 8 9 9 to 1922
5s........... . 12,01)0.... 1917 to 1928
5s........... .
4,000___ 1930 to 1933
D istrict N o . 7—

4 s ,.......... $ 6 ,70 0 .... 1899 to 1904

D istrict N o. 10—

5 8 . ........... $ 6 ,0 0 0 ....1 8 9 9 to 1910
5s.............
1,500 ...1 9 1 1 to 1913
5s........... .
2 ,0 0 0 ....1 9 2 5 to 1928
D istrict N o . 11—
5 s , .......... $ 7,000___1900 to 191»

VILLAGE OF RICHMOND H ILL-TO W N OF JAMAICA.
V illage H all B ondsWhen Due.

LO ANS-

Street and Sid e w a l k B onds -

48, .........,$ 1 »,0 0 0 .... 1916 to 1925

DlSTUICT No. 1—

5s.............

4 s ,........ , $50,000.... 1926 to 1935
Fire Bonds4s.......... . 70,000 . . 1937 to 1950 4 8 ,.......... $ 5 ,0 0 0 ....1 9 2 1 to 1925
4 s ,........ . 150,000....1952 to 1£81
TOWN OF NEWTOWN.
Causeway BondsWhen Due.
SCHOOL DISTRICTS.
LO ANSR oad B onds —
48.............$10,000
1906
D istrict No. 5 —
1927
R efunding B onds—
4 *28, . .., $20,000.
4s, F&A, $93,500......1907 to 1925 4s, ...
...1913 to 1917 68, ... . . . . $20,000....1901 & 1902
($5,000 annually to 1924 inc. and 4*28. .. , 600.000
5s, ... . . . , 128,000.... 1903 to 1914
1927
$3,500 in 1925.)
1908
Bridge Bonds—
5s, ... . . . , 35 000 .. .
4s, M&S, $1,000...... Sept. 30,1907 5s, ...
...1899 to 1902 4s, ... . . . . 88,000....1909 to 1912
4s, M&S, 44,000...... Sept. 30,1908 4s, ... . . . .
1901
2,500.
4s, ... . . . , 16,000___1899 to 1914
($2,000 yearly to Sept. 30, 1929.) 4s, ... . . . . 10,000. ...1902 to 1906
7s, A&O, $ 1 5 ,0 0 0 ....
1899-1907
NEWTOWN SCHOOL DISTRICTS.
($2,000 payable y’rly on Sept. 30.)
4s, M&S, $ 1 0 ,0 0 0 ....Sept. 3 0,1 9 30
D istrict N o . 6 —
When Due.
LO ANS(part due y’rly) to Sept. 30,1 9 34

$1,350.. ..1 8 99 to 1901

D istrict N o. 7—
D istrict No. 7 —
4s, ....... ,$ 1 3 ,0 0 0 ... .1901 to 1927
,1901 to 1910 I 4 s , .......... $ 5 0 ,0 0 0 .... 1917 to 1936 4 s ,........ . 15,000 .. .1913 to 1927 5s............ $3,000.. ..1 8 9 9 to 1913
.1911 to 1915 4s............. 2 0 ,0 0 0 .... 1937 to 1944
D istrict N o . 9—
District No 2—
1899
5s............ $22,000 . ..1 8 99 to 1920
5s........... $1,000...
VILLAGE COLLEGE POINT—TOWN OF FLUSHING.
.1900 to 1902
5s............................... 1,500...
D istrict No. 10W ater B onds—
LOANS —
When Due.
5s...........
6,COO... ,19ul to 1903 5s............. $30,000.. ..1 9 02 to 1921
7s, J&J, $164,000...........1899-1913 5 s ,.......... 1 5 ,0 0 0 ... ,1904 to 1918 6s............ 35,000.. ..1 9 08 to 1927
I mprovement B onds($11,000, due yearly on July 1.)
78, J&D, $3,000......... Dec. 1,1899
5 a ,.......... 15,000... .1904 to 1918 5 s ,.......... 1m,500.. ..1 9 0 7 to 1920
3*28,.......$115,000.........1902-1926 4s, J&J, 22,000............ 1914-1915 5s............
D istrict No 1 2 6,000... .1919 to 1924
4s, J&J, 11,000..........July, 1916
($4,600 annually.)
D istrict N o . 3—
5s............ $9,000 . ..1 9 0 5 to 1922
4s, . . . . , $45,000...........1902-1916 4s, J&J, 11,000......... July, 1917 5 s ,............$ 1 0 ,4 0 0 ... .1899 to 1°14
D istrict No. 134s......... 25,000......................1937 5s................................. 8.1910
($3,000 yearly Dec.)
to 1917 5s............. $12,950.. ..1 9 0 0 to 1912
,0 0 0 ...
Bonded debt Jan. 1,1898.$417,000
D istrict No. 1 4 D istrict No. 4 5s............,$ 1 1 ,2 0 0 ... .1899 to 1926 5s............ $11,000.. ..1 8 9 9 to 1920
VILLAGE OF FLUSHING -TO W N OF FLUSHING.
D istrict No. 5 —
4 *28, .......
7,000.. ..1 8 9 9 to 1911
Street Bonds— (Con.)—
LOANS —
When Due.
5 s ,.......... $ 6 ,0 0 0 ... .1899 to 1910 5s............ 35,000.. ..1 9 11 to 1928
4s, M&N, $34,000.......May 1,1910 4 *2 8 ,...., 4 ,000... .1910 to 1913
A ssessment B onds—
($4,000 due yearly) to May 1,1917
5 s&68,.. $26,000........Part yearly
4s, A&O, 120,0 0 0 ....Oct. 1,1919
F unding B onds—1892-3-4—
B O R O U G H O F R IC H M O N D .
4s........... $8,500............1899-1915 ($4,000 due yearly) to Oct. 1,1948
COUNTY OF RICHMOND.
W ater B onds4s, A&O, 14,000...........1899-1912
($1,000 due yearly on April 1.) 78, A&O, $125,000.................. 1903
When Due.
F unding B onds 1894—
LOANS23,000.................. 1909
4s, A&O, $21,000........ 1899-1919 5s, A&O,
County B onds—
4s, g., J&D, $95,000................ 1914
Street B onds—
58, A&O,
20,000.................. 1914 5*28, F&A, $55,000 Aug. 1,1899
R oad B onds—
34,000........ 1899-1932 4*28, A&O, 139.400 Apr. 30,1899 5s, g., J&D, $90,000..June 1,1919
4s, M&N, $8,000.......Nov. 1,1899 4s, J&D,
($1,000 annually.)
($4,000 due yearly) to Nov. 1,1900
4*28, J&J,
99,000 July 31,1900 3*28, F&A, 100,000 Aug. 1,1915
4e, M&N, $36,000.......Nov. 1,1901 Bonded debt Jan. 1, ’98..$514,655 3*28, A&O, 40,000 Apr. 1,1902 4*28, F&A, 150,000..Aug. 1,1916
($4,000 due y’rly) to Nov. 1,1909
3*28, F&A, 50.000. Aug. 1,1904 3*28, M&N, 45,000..Nov. 1, 1917
63.000. July 31,1905 4s, g., $35,000, g ............June,1920
3*28, J&J,
VILLAGE OF WHITESTONE—TOWN OF FLUSHING.
3*28, F&A, 50.000. Aug. 1,1906 4&, g., 100,000, g........ Aug., 1920
When Due. A ccr’ d I ndebtedness B onds—
LO AN S3*28, F&A, 40.000. Apr. 1,1908 4s, g., J&D, $168,000.June 1,1921
$ 5 0 0 ....
1899
6s............
W ater B onds—
3*48, J&J, 58.000. Jan. 31,1901 4s, g., J&D, 202,000. June 1,1922
4s............ 5,000....1902 to 1911 3s, A&O, 50.000. Aug. 1,1909 4s. g „ A&O, 230,000.Oct. 1,1922
4*28., $ 3 0 ,0 0 0 ....
1922
F ire D ept . B onds4*28, . . . . . 2 0 ,0 0 0 ....
1912
58.000..Aug. 1,1910 Total debt Jan. 1, ’98.. $1,974,400
3s, F&A,
68, ........ . $1,800....1899 to 1904
4*28. 2 2 ,000....
1922
CASTLETON SCHOOL DISTRICTS.
I mprovement B onds1924
4*28.......... 7 ,5 0 0 ....
4*28........ . 3 ,0 00 .... 1913 to 1918 58......... .,$ 5 0 ,0 0 0 .... 1906 to 1921
D istrict N o. 3—
When Due.
LOANS 5b............ 50,000... .1911 to 1926
Sew e r Bonds—
D istrict N o. 1—
58............ $72,000....1899 to 1922
.........$13,721....................... 1899-’07
D istrict N o . 4—
6 s ,........ . $75,000....1899 to 1913
DISTRICT No. 2—
5 s ,..........$26,000....1899 to 1911
TOWN OF HEMPSTEAD.
5s, .......... $7 ,30 0 ....
1899
D istrict N o . 5—
The amount o f the outstanding bonds of the town o f Hempstead and 5 8 ,........ . 4,000....1899 to 1900 5s............
$ 7 5 0 ....
1899
also the school districts therein (except those below) wiiich w ill be
4*28....... . 6,075....1899 to 1916
chargeable to the city o l New York has not yet been judicially de­
VILLAGE OF EDGE WATER—TOWN OF CASTLETON.
termined. (See debt under separate heads elsewhere.)
Village Hall Bonds—4 s ,........ 1904................................................$15,000
TOWN OF HEMPSTEAD SCHOOL DISTRICTS.
VILLAGE OF PORT RICHMOND -TOWN OF CASTLETON.
(See note above under Hempstead.)
Boulevard Certificates o f Indebtedness—6s. 1899 to 1902.......... $5,952
D
istrict
N
o
.
27—
LOANS—
When Due.
VILLAGE OF TOTTENVILLE—TOWN OF CASTLETON.
5s.............. $ 1 7 ,0 0 0 ....1 9 1 7 to 1933
D istrict No . 18—
LOANS—
When Due. | Sew er B onds D istrict N o . 23—
5 s , .......... $ 7 ,0 0 0 ....
1913
W ater bonds—
|3*28,. . . . . $20,000 ...1 9 0 2 to 1926
5 b.............. $ 1 4 ,0 0 0 ....1 8 9 9 to 1912
5 s , ..........
5 ,0 0 0 ....
1918
5
b
...........
.
8
0
,0
0
0
....is-00
to
1979
3*28,
.
.
.
.
.
fr5,0
0
0
....1
9
0
2 to 1926
Road Bonds—
5 s , .......... 2 2 ,0 0 0 ....1 9 1 7 to 1938
5 s ,......... . 6 5 ,0 0 0 .... 1937 to 1949 3*28,....... 25,000....1902 to 1926 |3*23, . . . . . 12,000....1902 to 1924




52

STATE ANB CITY SUffiEMEWT,

B o r o u g h o f R i c h m o n d . —(Con.)
TOWN OF MIDDLETOWN.
Road B onds—
LOANS—
When Due.
R efunding Bonds­
6 s , .......... $5,000....1899 to 1900
e s , .......... $ 2 7 ,0 0 0 ___ 1899 to 1925
5s............ 130,000....
1927
MIDDLETOWN SCHOOL DISTRICTS.
D istbict N o. 2—
When Due,
LO ANSD istbict N o . 1—
5s............ $80,000....1918 to 1944
¿58,........ . $42,750. ...1 89 9 to 1917
TOWN OF NORTHFIELD.
.$150,000
•Road Improvement Bonds—5 s ,
1927
NORTHFIELD SCHOOL DIS TRICTS.
D istbict N o . 6 —(Con.)
LOANSWhen Due.
5s, June, $43,000.......1901 to 1922
D istbict No. 1—
($2,000 annually to 1921 and
•6s.............
$ 4 0 0 .... 1899 & 1900
$1,000 in 1922 on June 1.)
D istbict No. 3 —
d 788......... $3.131 5 7 .. 1899 to 1915
D istbict No. 4—
6s ............. $ 2 ,5 8 0 .... 1899 to 1904
D istbict N o . 5—
5s......... ... $ 2 1 ,0 0 0 ....1 8 9 9 to 1920
D istbict N o . 6—
- 5 s ,....... $6,000............1899 to 1900
($3,000 annually on Nov. 1.)

D istbict N o. 7 —

6s............

$2,975....1899 to 1915

D istbict N o . 8—

4 * 8 ......... $1,470....1899 to 1905
D istbict No. 9 —

5 s ,........ ,$ 4 44 4 3 ....

1899

TOWN OF SOUTHFIELD.
R oad B onds—
When Due.
R efunding B ond s —
5s............ $140,000...
1927
4s.......... . $25,800....1899 to 1932 5s............ 115,000...
1927
SOUTHFIELD SCHOOL DISTRICTS.
D istbict N o . 4—
LOANS—
When Due.
D istbict N o . 1—
5ias, . . . . ,
$170 . . .
1899
,5s............. $12,600 ...1 8 9 9 to 1916 5s............
2,250 ....1 8 9 9 to 1907

LOANS-

D istbict No . 2—
.'5 s ,.......... $ 9 ,6 0 0 ....1 8 9 9 to 1914
D istbict N o. 3 —
1899 to 1921
5 s , .......... $6,900
.5 8 ,..........
1 ,5 0 0 ....1 8 9 9 to 1901

LOANS-

R oad B onds­
e s .............$ 3 5 ,0 0 0 ....

D istbict N o . 5—

5s.............

$ 6 0 0 ....

D istbict N o . 6—

1899

TOWN OF WESTFIELD.
R oad B onds—(Con.)
When Due.
5s............ $ 80,000....

1922

WESTFIELD SCHOOL DISTRICTS.
D i s t b i c t No. 5 When Due.
D i s t b i c t N o . 1—
6s............ $10,000.... 1900 to 1919
D i &t b i c t N o . 6—
8s............ $3,600__ 1899 to 1916
D i s t b i c t N o 2—
5s............ $10,000....1899 to 1914
D i s t b i c t N o . 7—
-6s , ..........$3,750........ 1899 to 1907
4*118....... . $4,500___1899 to 1907

F A L L S . — i8r£'AEKU8H?clerk.ror’

This city is in Niagara County. All bonds are tax exempt
LOANS—
When Due.
LOANSWhen Due
M iscellaneous B onds—

4*2S,A&0, $12,000......... 1899-1909 4s, J&J, $9,000...................1914
9,000...................1915
-4s,
91,000.......... 1910-1927 3%s, J&J,
R efunding School B onds-

48. M&N, $2,500........ Nov. 1, 1918
W ater Bonds—

•7s, J&J, $14,000......... 1899-1902
5s, J&J, 51,000.........1903-1916
4s, J&J, 95,000......... 1901-1918
3%s, J&J, 38,000...................1915
4*flS, J&J,
6,000.........1911-1912
Sew ek B onds—

5s,
4s,

J&J, $20,000.........1901-1910
613,000..........1901-1917

NO.

Cebts. of I ndebtedness.—

5s, Var., $39,752.........1899-1905
Interest payable in N ew York.
Total debt Feb. 1, '99. $1,000,252
Water debt (included).
204,000
Ass’d valuation, real.. 12,953,058
Ass’d valuation, pers’ i
532,050
Total valuation 1898.. 13,4S5,108
Assessment about real value.
Total tax (per $1,000) ’98.$23-933
Population in 1899 (est.)...22,000

H E M P S T E A D . — M. S. W ood, Clerk.

This town is in Nassau County.
LOANS—
When Due.
4s, J &J, $54,000...D e c .l893-1925
4s, J&J, 11,000.. July.1899-1909
4s, J &J, 4,500. July 1.1910-1914
4s, J &J, 54,000.July 1.1899-1926
($1,000 yearly to 1925 and
$27,000 in 1926.)

Bonded debt July 31,’97. $127,500
Assessed valuation 1897,4,788,775
Population in 1897 (est.)......9,000
Population in 1890................8,134

Paving B onds—

•6s, J&D, $24,750.......1899 to 1903
($4,950 due yearly.)
5s, M&8, $46,000..................Sept. 1
Part yearly after 1896.

M ahket B onds-

58, A&O, $ 1 0 ,0 0 0 ....Oct. 23,1912
W ater Bonds.

4s............... $275,000........................
4*28,........ . 125,000.......................
Bonded debt Jan. 1, ’98. $246,600
Se w e k B ondsWater debt, additional.. 400,000
58, J&J, $60,000........ Nov.15,1907 Tax valuation 1897........ 6,302,7 04
($5,000 due yearly.)
Assessment about *2 actual value.
4s, J&J, $101,000.......Jan. 1,1900 Village tax (per $1,000)’ 97..$12*28
($3,000 due yearly.)
Population in 1890 was........4,793
Population 1897 (est.)...........9,000
IN TE R ES T on tbe sewer bonds and paving 6s is payable at the
Chase Nat’l Bank; on the paving 5s at the Bank of America, N.Y.City.

N orth T onawanda School D istrict N o.

1 .—

A portion o f the city’s territory; has a bonded debt of $63,000.
n r t v c ’ 'M C P T T D r
5 e d g a r a . n e w e l l , Mayor.
L->LrJ-JH,iN O t S U l Y L x .— |WM. M. STEPHENS, Treasurer.
This city is in St. Lawrence County.
LOANS—
When Due.
LOANS—
When Due.
H ig h w a y B onds 1893—
W ater W orks Bonds—(Con.)
4s, A&O, $10,000.........1899-1903 3*2S, F&A, $24,000..Aug. 1,’ 99-’ 10
($2,000 due yearly on May 1.)
4s, J&J, 38,000..July 1,’9 9 ’ 17
4s, A&O, $2,000.May 1,1904-5
($2,000 yearly.)
4s, A&O, 36,000...1906 to 1923 4s, J&J, $33,250.......July 1,1899
($2,000 due yearly on May 1.)
($1,750 due yearly) to July 1,1917
3*28, A&O, $2,000.May 1,1904-5 Total debt Feb. 1 ,’99___$259,000
School B onds—
Water debt (included). . . 140,750
4s, J&J, $33,250............ 1899-1917 Tax valuation, real........ 3,399,725
($1,750 annually on July 1.)
Tax valuation, personal. 750,900
W ateb -W obks Bonds—
Total valuation 1898___4,150,625
3*28, M&N, $30,000....... 1899-1908 Assessment about 3-5 actual value.
($3,000 due yearly on May 30.)
Total tax (per $1,000) ’ 9 8 ..$18'00
.3*28, M&N, $40,000....... 1909-1918 Population in 1897 (est.)... 14,700
($4,000 due yearly on May 30.)
Population in 1890 w as.......11,662
IN TE R E S T is payable at the Ogdensburg Bank.
TA X FREE.— All bonds are exempt from city taxes.




) JOHN W. BREWER, President.

O N E O N T A . — 5 B. W. HOYE, Clerk.
This village is in Otsego County.
LOANSWhen Due.
4 s , ........... $7.000.........Jan.1,1900
($1,000 due y’rly) to Jan. 1,1906
3*28,........ . #20,000.. July 13,1900
($1,000 due y’rly'. to July 13,1919
5s............,$2,000........Aug.1,1899
($500 due yearly) to Aug. 1,1902
5 s ,......... $6,000........ May 1, 1904
5s............ 4,500.........May1,1906

3*65s, J&J, $15,000. July 1, ’03-’ 17
3*28......... . 15,000......... 1903-1918
Bonded debt Nov. 1, ’98. $40,500
Float’g debt (additional)
15,599
Assessed valuation, real. 1,465,300
Assessed valuation, per*l 218,200
Total valuation 1897....1,683,500
Population in 1890 w as........ 6,272
Population in 1898 (est.)___8,000

C O . —1ST. Grumbach, Treas.

County seat is Syracuse.
'LOANS—
When Due.
V olunteer B onds (refunded)—
4s, M&S, $20,000.. ..Mch. 1, 1900
Interest is payable at Syracuse.
Total debt Feb. 1 ; 1899.
$70,000

Tax valuation, rea l..$102,246,380
Tax valuation, person’1.13,195,869
Total valuation 1898.115,442,249
Population in 1892 w as... 91,944
Population in 1890 w a s... 146,247

O S W E G O . — A . H . F a i l i n g , City Chamberlain.
This city is in Oswego County.
R ailroad B onds—
LOANS—
When Due.
City B onds3*2S, J&D, $444,000....1900-1918
48, A&O, $10,294 7 0 .... 1899-1905
($24,000 due yearly.)
($1,442 10 annually.)
3*28, A&O, $129,000....1900-1917
7s, J&J, $12,000..................... 1902
($8,000 due yearly.)
School bonds—
Assessed valuat’n ’ 98..$10,085,841
3*28......... $12,000...........1899-1902 Tax rate (per $1,000) ’ 98.. 29*20
$3,000 yearly on Oct. 1.
Population 1899 (est.)....... 25,000
I mprovement Bonds—

4s, A&O, $18,658........Oct.,’99.’06
4s, A&O, 47,739*94........................

IN TE R ES T is payable at the Am. Exch. Nat. Bank of New York.
T O T A L D EB T, Et c .- The total bonded debt February 1,1899, was

$607,000. The interest and principal of railroad bonds when due are
met by the tax levy o f Oswego County.

O S W E G O C O U N T Y . —T homas Moore, Treas.
County seats are Oswego and Pulaski.
LOANS—
When Due. Total debt Feb. 1 , 1P99.
$98,000
County Bonds—
Valuation, real..............24,577,092
3*28,..........$24,000....... 1900-1905 Valuation, personal__ 2,937,2*24
($4,000 due yearly on Mch. 1).
Total valuation 1898.. .27,514,316
F unding F loating D ebtState & Co tax (per M.) ’ 98.
6*40
3*28, M&S, $70,000....... 1899-1905 Population in 1892 was...... 70,970
($10,000 due yearly).
Population in 1890 was.......71,883
IN TE R ES T on the funding bonds is payable New York City.

O V I D . — D. 1\ Seeley, Clerk.

N . T O N A W A N D A . — f h .’ ^ s T o c o M Treasurer.
f iS S ii
This oity is in Niagara County.
LOANS—
When Due.

u A NT
5 G. HOWARD 8TRONG, Mayor.
W L-.H.AA1N •— ( CHAS. KEENAN, Clerk.
Olean is in Cattaraugus County and was incorporated as a oity April
25,1893, succeeding the village of Olean.
Se w e r B onds—
LOANS—
When Due.
City B uilding—
5s, J&J, $6,900.............1899-1901
($2,300 due yearly on July 2.)
4*28, A&O, $10,000....... 1899-1908
($1,000 due yearly on Oct. 1.)
4s, J&J. 35,000............. 1912-1918
Paving B onds—
($5,000 due yearly on Jan. 1.)
W ater W orks Bonds—
5s, July, $8,000...........1899-1904
($1,400 due yearly on July 1.)
4*28, J&J, $59,000..........1898-1903
5s, Nov. $25,800........... 1899-1904 4*28, J&J, 12,500.......... 1909-1914
($4,300 due yearly on Nov. 1.)
Total debt Mar. 1,1899.. $202,750
4s, F&A, $26,500.......... 1900-1906 Water debt (included)...
71,500
($3,850 yearly on April 15.)
lo t a l valuation 1898....3,540,670
4s, F&A, $15,200...........1900-1907 Assessment about actual value.
Total tax (per $1,000) ’98.. $10*20
($1,900 due yearly on Feb. 1.)
Population in 1899 (est.)... 11,600
I Population in 1890 w a s .... 7,358
For debts of Olean School Districts see "Additional Statements” at
end of New York State.
IN TE R EST on the city building bonds is payable at the National
Park Bank, New York; on all other bonds at Farmers’ Loan & Trust
Co., New York, and Seaboard National Bank, New York.

O N O N D A G A

1920

School Bonds—

n r

5s............ $3,600....1899 to 1914

LOANS—

N IA G A R A

Vol. LXV1II

This town is in Seneca County.

LOANS—
When Due. Tax valuation, real.......$1,010,595
P enn . & Sodus B a y RR.—
Tax valuation, personal
315,735
7s, M & S , $60,000. ..Aug. 311901 Total valuation 1897... 1,326,330
Interest is payable in N. Y. City.
Assessment same as actual value.
Total debt Feb. 1,1898....$60,000 Total tax (per $1,000) ’9 7 ... $9*06
Sinking fund...................... 16,444 Population in 1890 w a s.......3,651
Net debt Feb. 1,1898........ 43,556 Population 1894 (est.).......... 3,725
TA X FREE.—All bonds are exempt from town taxes.
O Y ST E R

B A Y . —W illiam

H.

J ones,

Sup­

ervisor.—

This town is in Nassau County.
LO AN SWhen Due. I Assessed val’ t’n, real....$8,509,415
4s....... . $650,000...... Deo. 1,1917 I Assess, val., personal..
756,420
4 s , .. . . ,
8,000.......Aug. 1.1899 Total valuation 1898... 9,265,835
Bonded debt Mar. 20,’98 $668,000] Population 1890.................. 13,870
(For debt of School District No. 5 see “ Additional Statements’ end
of New York State.)

P E E K S K I L L . —E dward H . Osborn, Treasurer.
This village is in Westchester County.
LOANS—
WhenDue. Total debt.........................$205,500
W ater B onds—
Sinking fund....................
24,000
7s............ $150,000.................. 1904 Net debt Aug. 1,1897___ 181,500
3*70s, J&J, 40,000....July 1,1922 Tax valuation 18 9 7 ....... 3,500,000
3*28, ........ , 1,500___ $500 yearly Total tax (per $1,000)...
$22*50
Bonded debt Aug. 1, ’97..$191,500 Population in 1897 (est.)
12,500
Floating debt................. 14,000
Population in 1890 was.
9,676

P H I L M O N T . —J ohn L. Crandell, Treasurer.
This viUage is in Columbia County.
When Due. |Bonded debt Mar. 1, ’99. $51,000
LO ANSW ater BondsAssessed valuation, ’98 1,025,088
48, .......$40,000.............. 1906-1925 Assessed valuation, ’96
617,375
($2,000 annually.)
Population 1899 (est.)......... 1,990
3*65%, F&A, $11,00 ‘..1902 to 1923 Population 1890........ . .........1,818
($500 anuually.)

April, 1899.

5 a

P L A T T S B U R G . — A . Guibord, Mayor.
Clinton County.

LOANS—

When Due. I Total debt Jan. 1 ,1 8 9 9 .. $190,000
R e n e w a l B onds |Assessed valuation, real.1,761,895
4 s ,____ $6,000.......... 1899 to 1904 1As^’d valuation, person’l 466,553
School B ondsTT—
I Total valuation 1898_2 ,207,498
4s, A&O,
$3,000... .Oct. 1,1899 I Tax rate (per $1,000) ’ 98
23 00
Subject to call at any time.
I Population 1890.....
7,010
3*as,___, $8,300..............................I Population 1892.....
10,022
W ater B onds-

48, J&J. $37,000........ July 1,1899 I
4 b, ....... 30,000........1899 to 1928 |
IT Exempt from taxation.
i—v
. f-i—
<n o r ' C T ' C ' D
5 JOHN W. McCARTY, President.
^ O R I L H L o 1 H . r t . — ¿NICHOLAS DUFFY, Treasurer.
This village is in Westchester County.
LOANS—
When Due. Bonded debt J&n. 1, ’99. $69,750
Floating debt...................
1,500
Street -I mprovem ’ t B onds71,250
3138, A&O, $41,000.... Oct. 1,1903 Total debt Jan. 1,1899.
($2,000 due yearly) to Oct. 1,1923 Assessed valuation ’9 3..4,900,000
Assessm’t about 60% actual value.
Se w e r B onds—
................... $17.500.......................... Tax rate (per $1,000) ’98...$16*50
. . . . , ......... 1 0 ,0 0 0 ...................... Population in 1890 w a s ......5,274
Population in 1898 (est.)
7,250
B uilding B onds—
. . . . , .......... $1,250........................

R E N S S E L A E R . — J o h n F. M u n g e r , Treas.
This city, formerly the village of Greenbush, was incorporated April,..
1897, and is in Rensselaer County.
Se w e r Bonds LOANS—
When Due.
4s, J&J, $10,000........ July 2,1901
B roadw ay B onds5,000........July 2,1902
4128, J&D, $19,000... June 1,1905 4s, J&J,
, 4s, J&J, 10,000........ July 2.1903^
Paving B onds48, Sept. 11, $5,000.Sept. 11,1901 Total debt Mar. 8.1899. $241,000'
4s, Sept. 11,56,000.Sept. 11,1911 Assessed valuation ’98 .3,238,077
4s, Oot. 20, 2,0 00 ...O ct.2 0 ,1901 Total tax (per $1,000) ’98..$23-95
4s, Oct. 20, 3 2 ,0 0 0 ...0 ct.2 0 ,1911 Population in 1899 (est.) ...8 ,0004s, Dec. 15, 72.000..Dec. 15,1911 Population in 1890 w as.......7,304
4s, A&O, 30,000..Oct. 11.1912
IN TE R ES T on the sewer bonds is payable at the National Commer­
cial Bank, Albany ; on all other bonds at the Albany County Bank.

R E N S S E L A E R C O . — J o h n D o n , Treasurer.
County seat is Troy.

LO AN S-

When Due.

Court -H ouse B onds (reg.)—

3 las, A&O, $66,000....... 1900-1910
($6,000 due yearly on April 1.)
3128, A&O, $120,000.... 1911-1930
($6,000 due yearly on April 1.)
3ias, A&O, $105,000. Apr. l , ’ 31-’45
($7,000 due yearly.)
3ias, A&O, $25,000..1941 to 1945
($5,000 yearly on April 1.)

H ouse of I ndustry B onds—
P O R T J E R V I S . — Port Jervis is in Orange County.
4s, F&A, $40,000.......Feb. 1,1902
Sinking F und Bonds—
LOANS—
When Due. Total debt Feb. 1 ,1 8 9 8 ... $85,000
Se w e r B onds-

48, F&A, $50,000......Aug. 1,1911
4s, F&A, 35,000......Aug. 1,1911
Interest payable at National Bank,
Port Jervis, N. Y.
i—\ * Tv>r

Total valuation 1897___ 1,906,342
Assessment about
actual value.
Total tax (per $1,000).........$51-11
Population in 1890 w as........ 9,327
Population in 1898 w as........ 9,572

( GEO. W. BIXBY, President.

R L J I o U A l V I . — ¿s. C. CRANE, Clerk.

This village is in the town of same name in St. Lawrence County.
LOANS—
When Due. Total debt Jan. 17,1898. $59,500
Valuation, real................. 1,192,310
W ater B onds—
4s, A&O, $22,000....... Apr. 1,1900 Valuation, personal........ 527,550
($2,000 due yearly) to April, 1910 Total ass’d valuation ’97.1,719,860
Population in 1890 was........ 3,961
4s, A&O, $8,000..........1899-1912
Population in 1898................ 4,600
($500 due yearly.)
D rainage B onds-

48, F&A, $25,000....... Aug. 1,1906
IN TE R ES T on the water bonds is payable at the United States Bank,
New York City; on the others in Potsdam.
r->/^\T Ti"" T T TJT TT*XT' HDC TXT'
5 ISAAC W. SHERRILL, Mayor.
■t-'LJ U 4 j n J r V l L X l , l - ’ O i ± l , . — J c . s. HOWLAND, Chamberlain.
This city is the county seat of Dutchess County.
Sew e r B onds -(Con.)—
LOANS—
When Due.
W ater B onds-t3!2S, . . . . $10,000..............................
7s, M&N, $390,000..May 1, ’ 99-’ 13 4s.......... 94,000..............................
4s........... 67,000............................. 3*28, F&, 20,000........ Aug. 1,1905
3*28,.... 98,000............................. 3*29....... 30,000..............................
3s, . . . . 14,000 ........................... 3s, F&A, 20,000..Feb. l,1 9 0 6 -’07
R ailroad Bonds—
3s, F&A, 39,000..Aug. l,1906-’07
7s, M&N, $50,000..May 1, ’ 99-’08 3s........... 99,000...............................
7s, F&A, 2 7 3 .0 0 0 ....Feb 1,1902
H igh School B onds—
6 ,0 0 0 .......................... 5s J&J, $3,000........ ..July 1,1906
4s..........
3 s.......... 10,000.............................
B ounties—
3 s ,........ 50 000 ........ ................. 5s, M&S, $16,000.... ............... 1900
F allkill I mprovem ’ t B onds- 5s, M&S,
s.OOO .. ...............1909
78, F&A, $58,000.Aug. 1 , 1909-’ 10 4 12S,M&S,,17,000....................1901
D eficiency B onds—
4s, M&S, 1 7,000.... ............... 1902
7s. M&N, $83,000.......May 1,1914 4s, M&S, 2 0,000.... ...............1903
Sew er B onds4s, M&S, 18,000.... ...............1904
48, F&A. $15,000....... Feb, 1,1902 4s, M&S, 2 0,000.... ...............1905
4s, F&A, 6,000 .. .Feb. 1,1903 3s, M&S, 20,000.... ...............1906
4s, F&A,
20,000..... Aug. 1,1903 3s, M&S, 2 0,000.... ...............1907
4s, F&A,
20,000.....Aug. 1,1904
A sylum B onds—
4s, F&A,
10,000.....Feb. 1,1904 3s, M&S,$15,000.... ...............1908
4s, F&A,
10,000.....Feb. 1,1905 3s, M&S, 32,000.... ....1909-1910

IN TER EST is payable at Fallkill National Bank, Poughkeepsie.
T O T A L D EB T, SINKING FUNDS, Et c Jan. 1, '99. Jan. 1, ’98. Jan. 1. ’ 97.
Tot. funded debt (incl. water debt) .$1,701,000 $1,714,000 $1,738,000
Water debt, included above............
558,000
575,000
585,000

C IT Y PROPERTY.— The city owns buildings valued at $200,000.
ASSESSED VALUATION.—The city’s assessed valuation and tax
rate have been as foUows, real estate being assessed at about twothirds of cash value :

Personal
Total A ssessed Rate o f Tax
Years—
Real Estate.
Property.
Valuation, per $1,000.
1898...............$11,512,170
$1,879,100
$13,391,270
$23*40
1897............... 11,721,675
2,055,600
13,777,275
23*44
1895............... 10,799,170
1,890,050
12,689,050
25*10
1891............... 10,556,320
2,379,850
12,436,170
23*44
1890............... 9,718,890
3,813,850
13,532,740
23*44
POPULATION. —In 1892 population was 23,196; in 1890 it was
22,206 ; in 1880 it was 20,207 ; in 1870 it was 20,080

Q U EEN S

C O . — C h a s , L. P h i p p s , Treasurer.

County seat is Long Island City. A good part of the county is now
included in the Greater New York, and a bill changing name to Nassau
County has become a law. A ct took effect January 1, 1899. The
amount of the outstanding bonds of this county which w ill be charge­
able to the city of New York has not yet been judicially determined.
R oad B onds—
LOANS—
When Due.
F lushing H igh w ay 4g, J&J, 4 0 0 ,0 0 0 ....May 1,1922
48, semi-an., $45,000 (gold) 1902 4s, M&N, 275,000 g., Nov. 1,1916
G old B onds
4s, A&O, 6 1 8 ,0 0 0 ....Apr. 1,1917
4s, J&J, $110,000.......
........ 4s, A&O, 1 3 5 ,0 0 0 ....Oot. 1,1917
4g, J&J, $151,OOOg....July 1,1916
Other B onds—
F unding Bonds—
4s, J&J,' $150,000................... 1898
4s, J&D, $ 2 6 0 ,0 0 0 ....Dec. 1 ,1 9 2 7
($15,000 due yearly) to 1907
4s, J&D, 50,000___D eo.15,1917 48, J&J, $100,000.. Jan. 1, ’ 10-’ l9
B uilding B onds —
Total debt Dec., 1897.. $4,823,000
4s, J&D, $10,0 0 0 ....Dec. 27,1902 Real val’n inside N. Y.82,590,543
4s, J&D, 120,000....Deo. 15,1927 Real val’n outside N. Y. 19,820,662
R oad B ondsPers’l val’n inside N. Y. 2,007,800
48, A&O, $340,000...Oot. 15,1917 Per’l val’n outside N. Y. 1,580,880
4s, M&N, 375,000..Nov. 15,1917 Total val’n inside N. Y.84,593,343
4s, J&D. 55,000...Deo. 27,1917 To tal val’n outsi de N. Y. 21,401,542
4s, J&D 1,239,000....D ec. 1,1917 Population in 1892 w a s ...141,807
4s, J&D, $50,000.. Dec. 1 5 ,1 9 1 ' Population in 1890 w a s.. .128,059
4s,J& D, 2 40001...Dec. 15,1917




W ar B onds (renewal)—

4s,
4s,
4s,
4s,

F&A, $30,000........Feb. 1,1906^
F&A, 20,000........ Feb. 1,1907
F&A, 27,000........Feb. 1,1908F&A.
6,000. Feb. 1 , 1900-’05
($1,000 due yearly.)
4s, F&A, $2,000.Feb. 1 , 1900-’01
($1,000 due yearly.)
4s, F&A, $4,000. Feb. 1 , 1900-’03
($1,000 due yearly.)
4s, F&A, $34,000.Feb. 1 1900-’ l6($2,000 due yearly.)
R efunding B onds-

312s, A&O, $80,000.Apr. 1, 1900 3128, F & A ,$22,000 Feb. 1,1900, to($1,000 due yearly) Feb. 1,1921
($10,000 due yearly) to Apr. 1,’07)
312s, A&O, $150,000.1908 to 1917 Bonded debt Jan. 1, ’99. $787,000Sinking fund..................
11,763
($15,000 yearly on April 1.)
Net debt Jan. 1,1899 ..
775,237
W ar B onos (renewal)—
4s, F&A, $35,000.........Feb. 1,1900 Tax valuation, real...... 71,348,707
4s, F&A,
16,000..... Feb. 1,1901 Tax valuation, pers’l.. 8,026,931
4s, F&A,
9,000..... Feb. 1,1902 Total valuation, 1898. 79,375.638
4s, F&A,
13,000..... Feb. 1,1903 Population in 1892 w a s ...128,923
4s, F&A,
7,000..... Feb. 1,1904 Population in 1890 w as...124,511
4s, F&A,
30,000..... Feb. 1,1905
IN TE R EST on the court-house bonds is payable at the office of the
County Treasurer; on all other bonds at National State Bank, Troy.

R I C H F I E L D S P R I N G S .— A . M o n r o e F r e e ­
m a n , Treasurer.— This village is in Otsego County.
LOANS—
When Due. I Water B onds—

Sew er B onds 5s......... $7,000.................................
5 s ,.......$19,500........................1925 I Total debt Nov. 1,1898.. $76,500
(Subjeot to caU after 1905)
I Water debt (inclu ded)...
48,500
5 s ,....... $5,500.......................1925 |Tax valuation, real......... 1,351,500
W ater Bonds, R efund., 1894— |Tax valuation, personal. 109,1004 s ,. . . . . $1,000........ 1899 to 1900 I Total valuation, 1897.... 1,460,600
($500 yearly.)
I Assessment about *2 actual value.
4s....... . $19,000........ 1901 to 1919 ! Total tax rate (per $1,000).$25*60
($1,000 yearly.)
Population in 1890 w as........ 2,192
5 s ,.......$20,000..............Dec., 1900 \Population in 1894 (est.) — 2,500
INTEREST is payable at the First Nat. Bank of Richfield Springs.
T A X E XEM PT —The water bonds of 1894 are tax exempt.

R IC H M O N D

C O . — See New York City.

, f *1r t ttio r p t—
i ~i 1
5 GEO. E. WARNER, Mayor.
r i.V J O r T .J iiO 1 J i n . — ) 8. B. WILLIAMS. Treasurer.
Rochester is the county seat o f Monroe county.
LOANS —
-— Interest — , ,------------ Principal.----------- NAME AND PURPOSE.
Rate. Payable.
When Due.
Outstand’g.
‘ Bridge bonds.................... r 3
J & J
Jan. 1, 1920$100,000
Subject to call after Jan. 1,1900.
‘ Bridge bonds....................r 3 ^ J & J
July 1, 1922
100,000
Subject to call after July 1, 1902.
‘ Bridge bonds....................r 344 J & J
Sept. 1, 1921
100,000
Subject to call after Sept. 1,1901.
tCity Hall com m ission...c 7
J & J
Jan. 1, 1902
335,000
‘ Consolidated loan............r 3*2 F & A Aug. 1, 1912
100,000*
‘ East side trunk sew er...r 4
J & J
^ $25 000^yearly^ ^ 150,000Subjeot to call after 20 years.
_ q, t A, T U an* If 1902-’ 21 )
do
do
. . . . r 8*2 J & J ) $25,000 yearly. 5 500,000
Subject to call after 20 years.
n, T c T 5 Jan. 1 , 1928-’3 7 )
do
do
....... 3^ J & J i $25,000 yearly. 5 250.000
Subjeot to call after 20 years.
410.000
tFunding, 18 7 5.................c 7
J & J Jan. 1, 1905
300.000
"Park bonds, 1888............ r 3
J & J
July 1, 1928
Subject to call on and after July 1, 1898.
60,000
do
1896............. 3»a J & J
1936
Subject to call after Feb. 28,1906.
Railroad loans—
12,000
tRefunding R R ............. 0 7
J & J \ J^ o 6 o ? e a r l y ° 2 i
72,000
tRefunding R R ............... o 7
J & J
Jan. 1, 1903
745.000
‘ Refunding RR., 1893..r 3 ^ F & A
Feb. 1, 1913
Subject to call after Feb. 1, 1903.
3,182,000
‘ tW aterw’ks, 1873-76.r&o 7
J & J
Jan. 1, 1903
300.000
ido
do
r 4
F & A
Feb. 1, 1913
Subject to call after 20 years,
500.000
tdo
1892.r 3*2 -F & A
Feb. 1, 19 42
Subject to call after Feb. 1, 1912.
950.000
do
1894.r 3*2 F & A
Feb. 1, 1944
Subject to call Feb. 1, 1914.
250.000
do
3*2
F& A
Feb. 1, 1914
200.000
Water shed bonds___ 1898 3 ^ F & A
Aug. 1, 1918
647,799
Temporary loan................. 2*97 ............
Oot., 1899
* $5,000 each.
t $1,000 each.
IN TE R ES T —With the exception of the City Hall Commissioners’
loan, which is payable at the office of the City Treasurer, all bonds and
interest are payable at the office of the Union Trust Co. of New York.
T O T A L D EB T, SINKING FUNDS, ETC.—The subjoined state­
ment shows Rochester’ s total bonded debt, including the water debt.
Aug. 1, ’98. Jan., 1898. Jan., 1897. Jan., 1896. July, 1894.
Bonded debt.$8,420,000 $8,420,000 $8,424,000 $8,443,000 $8,371,000
Water debt... 5,592,000 5,592,000 5,342,000 3,592,000 5,182,000
On January 1,1898, the city had a sinking fund of $336,261. In
addition to the above debt the city had on August 1,1898, a floating
debt of $1,497,200, consisting o f outstanding notes and “ contractors’
acceptances,” payable largely by assessments.”
.
Genesee Valley Railroad refunding loan, due from 1896 to 1903, is
provided for by excess of receipts from lease to N. Y. L. E. & W. RR.
after interest on the loan is paid.

S4

STATE AND CITY SUfHEMENT.

[Vol. L X V III

ASSESSED VALUATION.—The city’s assessed valuation and tax
T O T A L DEBT, ETC.—The bonded debt of the village on Feb. 1 ,
rate have at different periods been as follows, real estate being 1899, was $322,000; floating debt, $10,000; total debt, $332,000,
assessed at from 60 to 80 per cent of actual value.
water debt (included in total), $184,000.
Rate o f Tax
Personal
Real
ASSESSED VALUATION—In 1898 the assessed valuation was
Property.
Tears.
per $1,000. $6,406,437.
Estate.
in 1897 the assessed valuation of real estate was
$15*90
$10,966,015
1 8 9 8 .............. ............ $101,827,725
$4,002,405;
personal property, $141,722; total valuation, $4,144,127.
5,113,050
16*18
1 8 9 7 .............. ............ 101,065,200
Property is assessed at about % of its actual value.
5,692,304
20*37
1896...............
6,081,200
16*19
1895.............. ............ 99,389,050
POPULATION—The population in 1890 was 11,975; in 1880 it was
6,192,516
1 8 9 4 .............. ............ 98,762,150
8.421; in 1899 (estimated) 11,608. Summer population 35,000 to
6,676,967
189 3 .............. ............ 97,206,085
50,000.
1892.............. ............

1891............. ............

96,543,650
93,806,150
88,053,750
34.408.725

6,609,303
6,134,250
5,937,950
1.430.144

15*26
15*97
15*20
23*86

c /"'1 L_r UT' ivt IT'
a t y v
5 JACOB W. CLUTE, Mayor.
-ELLy i AVLJ X .— ¿JOS. H. BERNARDI, Treasurer.
This city is situated in the county o f the same name, and was incor­
PO P U LA T IO N —In 1892 population was 144,834; in 1890 it was
133,836 ; in 1880 it was 89,366 ; in 1870 it was 62.386. The popula­ porated in 1798.
tion in 1895, according to local figures, Was 160,000.
/----Interest.— , ,------------- Principal------------- .
LOANSWhen Due.
Outstand'g,
Rate. Payable.
NAME AND PURPOSE.
11, 1910-15) $30,000
R O C K L A N D C O . — J. M. H a s b r o u c k , Treas'r. School .............. ..........1889 3
F & A- Feb.
$5,000 yearly, s
Haverstraw is the county seat.
1916 to’ 1 9 )
do ................ ..........1890 3
F & A (l Feb.l,
R oad B onds—(Con.)
LOANS —
When Due.
$5,000 yearly. S 20,000
5s............ $48.000..Mar. 1, ’06-’ 13
J ail B onds—
Aug.
1,
to ’03 )
do ................
4
F & A ; $3,000’ »9
15.000
5 s ............$5,000.........Mar. 1,1900 Bonded debt Nov. ,1898 $93,000
yearly
Assessed val’ation, real.17,204,689 Sewer................ .......... 1884 4
Bo Ao B ondsOct. 1, 1904
A & O
5.000
58, ..........$5,500........ Mar. 1,1901 Assessed val’ation, per*! 1,064,703
ct.l,1905-1907 )
do ................ ..........1884 4
A & o i! O$10,000
30.000
5 s , ......... , 10,000.......Mar. 1,1902 Total valuation, 1898.-18,269,392
yearly. >
do ................
Population in 1890 w as___35,162
5 s , ......... 19,500...Mar. 1, ’03-’05
10.000
Oct. 1, 1920
4
A & o
do ...............
4
A & o
Oct. 1, 1921
10,000
do ................
4
F & A
Aug. 1, 1922
15.000
i A. 8. WHITE, Mayor.
R O M E.
do ............... ..........1896 4
J & J
July 15,1923
5.000
(J . H. CARROLL, Chamberlain.
do ............... ..........1886 3
A
&
O
Oct.
1,
1901
10.000
This city is in Oneida County
do ..........................1887 3
Aug. 1, 1904
F & A
5.000
When Due.
30^ LOANS—
When Due.
do ..........................1889 3
LOANSA & O
Oct. 1, 1908
5.000
City H all B onds—
8CHOOL BONDS—
do ............... ..........1890 3
Aug. 1, 1910
F & A
13.000
•4s, J&J, $6,000........ Nov. 1,1899
4s, F&A, $61,750.......Feb. 1,1900
do ............... ..........1890 3
F & A
Aug. 1, 1911
10.000
<$1,000 due y’rly) to Nov. 1,1904
($3,250 yearly) to Feb. 1,1918
do ............... ..........1898 4
15.000
June 1, 1924
J & D
4s, J&J, $7.000... Jan., 1900t o ’06
W ater B onds—
8. & S. R R ........
Jan., 1900
7
J & J
10.000
($1 000 yearly.)
3*88, J&J, $160,000. Sept. 15,1911 Street improvements, 1895 4
1899 to 1901
222,006
Sew e r B onds Total debt Deo. 1, ’98___$437,500
Water................ ..........1885 4
Nov. 1, 1902
M & N
5.000
-4s, J&J, $150,OOO.Apr.15,1907-21 Water debt (included)__ 160,000
do ............................ 1885 4
5.000
M & N
Nov. 1, 1903
<$5,<>oo y’ly to 1920; bal. due 192 i ) Assessed valuation, real.6,575,^60
( Nov. 1, ’08 to ’15 >
............................1885
4
do
M
&
N
80,000
4s, J&J, $ 37,000.... Apr. 15,1921 Assessed valuation, per’l *71,775
( $10,000 yearly. 5
R elief B ondsTotal valuation 1898___7,247,435
do ............................1894 4
F& A
Aug. 1, 1911
13.000
48, J&J,$3,500(opt’n’l)Jan .l, 1900 Total tax (per $1,000) ’97.......2106
Aug. 1, 1912-13 )
do ............................1894 4
F & A I1$8,000
16.000
Population 1892 w as.......... 13,638
4s, J&J, 4 ,0 00 ......... Jan. 1,1900
each year 5
Population 1890 was..........14,991
do ............................1893
F & A A u g.1 5,1911-’ 13
28,000
do .................
1895
M & N
May 15, 1911
15.000
The total tax rate given above includes State, county and town tax,
do
............................1895
M
&
N
May
15,
1912
40.000
$8*29; city tax, $8*40; school tax, $4*37.
do
............................1895
M
&
N
May
15,
1913
40.000
PAR VALUE-—The water and sewer bonds are for $1,000 each; all
do ............................1895
M & N
May 15, 1914
60.000
•others $500 each.
do ............................1895
M & N
May 15, 1915
60,000
do ............................1896
J & J
July 15,1916
30.000
C T
T n W M Q lT T T T W
5 HARRY WALRATH, Prest.
do
...........................
1886
M
&
N
3.000
Nov.
1,
1902
O l . «j L j r l IN O V
— ¿H . F. STICHEL, Clerk.
do ........................... 1886
M & N
Nov. 1, 1903
4.000
St. Johnsville is in Montgomery County.
do ............
1889
F& A
Feb. 1, 1907
13.000
do ............................1889
F& A
Feb. 1, 1908
LOANS —
When Due. Bonded debt Apr. 1, ’ 99. $47,200
15.000
W ater B ondsdo ........................... 1889
F& A
Feb. 1, 1909
15.000
Tax valuation, real........ 658,000
4188, .......$22,000........... 1899-1920 Tax valuation, personal. 125,000
do ............................1886
M &N
Nov. 1, 1916
10.000
($1,000 yearly on Aug. 1.)
do ...........................1898
J & D June, 1917-1918
Total valuation 1897___ 783,000
32,000
4s, ......,$ 1 5 ,0 0 0 ......... 1910-1924 Assessment is about *2 actual value. Promissory notes.......1898 4s
May 14,’99-’0 2 )
May 14 5
9,005
($1,000 yearly on Sept. 2.)
l $2,251 26 yrly S
Total tax (per $1,000) ’94..$18*10
..............,$8,200..............1905-1916 Population in 1890 w as........ 1,263
J Feb. 9, ’00-’ 03 )
do
do .......1898 4s Feb. 9
18,988
4s....... . 12,000........ 1903 to 1924 Population in 1880 w as........ 1,072
l $4,747 yearly 5
(Part yearly.)
Population 1899 (estimated).2,100
Temporary loan for street improvements, $8,824.
INTEREST is payable at St. Johnsville and Kingston.
PAR VALUE OF BONDS.—These bonds are all in $1,000 pieces.
S T . L A W R E N C E C O . -M. E. Saokett, Treas.
INTEREST is payable at the office o f the City Treasurer
County seat is Cauton.
T O T AL DEBT, Et c .—The city’ s total debt on March 1,1897, was
LOANS—
When Due. Total debt Mar. 1,1898.
$77,000 $880,830. The net debt on June 1,1894, was $329,000; on July 1,
Court H ouse B ondsAssessed val., real___ 34,522,001
48, M&S, $60,000.......... 1900-1911 Assessed val.,person’l 3,925,965 1893, it was $352,766; on March 1, 1891, it was $352,128.
($5,000 due yearly on Mar. 1)
Total valuation 1898.. 38,447,966
ASSESSED VALUATION.—The city’ s assessed valuation (from*«
A rmory B onds —
Assessm’t is 85% of act. value.
to 23 actual value) and tax rate have been as follow s:
4 s , ........ $ 12,000............................... Population in 1892 was......86,254
Total
Rate o f
Jail B ondsPopulation in 1890 was......85,048
Real
Personal
Assessed
Tax per
48, . . . . $25,000.......Mar. 1,1913 Population 1894 (estimated) 86,673 Tears.
Estate.
Property.
Valuation.
$1,000.
($5,000 due y ’rly) to Mar. 1,1917
1898.......................... $9,423,800 $1,253,575 $10,677,375
$19*50
INTEREST is payable at County Treasurer’ s office, Gouverneur.
1,181,736 10,341,236
1897............................ 9,159,500
19*50
1896............................ 8,973,800
1,058,036
10,031,436
1895............................
8,872,750
1,110,036
9,982,786
S A L I N A . — G. Baxter , Supervisor.
1894.......................... 8,852,850
608,836
9,461,686
18*90
This town is in Onondaga County
638,749
9,351,599
1893............................ 8,712,850
16*90
567,970
8,204,670
17*30
LOANS —
When Due. Total valuation 1898...$1,444,520 1890............................ 7,636,700
Syracuse North . RR B onds460,010
3,393,410
Asfessm’t about 70 p. c. real value. 1880............................ 2,933,400
48, M&S, $137,400.Sept. 1,1899 to Total tax (per $1,000) ’98..$10*61
POPULATION.—In 1892 population was 22,858 ; in 1890,19,857;
($3,600 due yearly) Sept. 1.1936 Population in 1892 w as........3,493
Total debt Jan. 1,1899.. $137,400 Population in 1890 was........3,490 in 1880,13,655; in 1870,11,026.
INTEREST is payable by the Union Trust Co., New York City.
1890.............. ............
1 8 8 0 .............. ............

SE N E C A
S A R A T O G A

C O . — B. B. G r ip p in , Treasurer

County seat is Ballston.
LO AN SWhen Due. Total debt Aug. 1,1898. $146,000
County bonds (1888)—
Tax valuation, real.......23,251,667
4s, F&A, $12,000........Feb. 1,1900 Tax valuation, person’l. 1,928,133
4s, F&A, 12,000........Feb. 1,1901 Total valuation 1898.. .25,179,800
4s, F&A, 13,000........Feb. 1,1902 Assessm’t is nominally full value.
4s, F&A, 14,000........Feb. 1,1903 State tax (per $1,000) ’97
$2*48
4s, F&A, 15,000........Feb. 1,1904 County tax (per $1,000) ’97.. 4*68
4s, F&A, 16,000........Feb. 1,1905 Population in 1892 was......57,301
4s, F&A, 17,000........ Feb. 1,1906 Population in 1890 was......57,663
4s, F&A, 18,000........Feb 1,1907
4s, F&A, 18,000........ Feb. 1,1908
The foregoing bonds are coupon bonds for $1,000 each.
IN TE R EST is payable at the Co. Treasurer’ s office, Saratoga Springs.

S A R A T O G A
Clerk.

S IN G

S I N G .—This village is in Westchester County.

V illage H all B onds—
W ater B onds-

S O D U S . — This town is in Wayne County.

4s, . . . . . $95,000..............1902-1920
($5,000 due yearly on Aug. 1.)

68, M&S, $5,000........ Sept. 1,1910
5s, M&S, 35,000.............. 1911-1917
($5,000 due yearly on Sept. 1.)
5s, M&S,$10,000........Sept.l, 1900
5s, M&S, 19,000..............1901-1904
4s, M&S, 7,500........ Sept. 1,1899
(Part due yearly on Sept. 1.)
4s, M&S, $115,000......... 1899-1917
(Part due yearly on Sept. 1.)
(For debt o f Saratoga Springs “ town,” see additional statements
end o f New York State.)




LOANS—
When Due. Assess’d valuation,real $3,572,440
R efunding B onds :
Assess’d valuat’n, pers’l. 524,250
5s, J&J, $100,000
July 1,1903 Total valuation 1897___4,096,690
5s, J&J, 119,500
July 1,1913
Assessment about actual value.
5s, J&J,
8,000............................ Total tax (per $1,000)........$10*81
(Being paid, $2,000 yearly.)
Population in 1897 (est.). . . 7,400
Total debt Aug. 15,1898.$229,500 Population in 1890 was___ 6,961
INTEREST is payable by the Metropolitan Trust Co., N. Y. City.

4s, A&O, $100,000.......Oct. 1,1918
4s, A&O, 30,000.......Oct. 1,1919
Total debt Feb. 1,1899 ..$178,000
W ater B ondsInt. pay. at 1st Nat. Bk. Sing Sing.
48, A&O, $18,000........Oct. 1,1899 Tax valuation 1898___$5,715,540
($2,000 due yearly) to Oct. 1,1907 Population in 1890 w as.......9,352
4s, A&O, $30,000........Oct. 1,1908 Population in 1898 was___ 8,160
($3,000 due yearly) to Oct. 1,1917

S P R I N G S . - - J a s . D. McN ulty,

This village is in Saratoga County
LOANS—
When due.
F loating D ebt B onds —
5 s , . . . . , $5,000.......... Sept 1,1899
5s, . . . . , 5,000.......... Sept. 1.1901
Sew er B onds—
5s, MA S, $6,000............. 1899-1904
($1,000 due yearly on Sept. 1.)
5s, M&S, $24,000............ 1905-1908
($6,000 due yearly on Sept. 1.)
5s, M&S, $3,000..............1909-1911
($1,000 due yearly on Sept. 1.)

F A L L S . — M. 0. Gould, Supervisor.

This town is in Seneca County.

LOANS—
1
Wh.en Due.
Improvement B onds-

48, M&N, $9,658.......... 1899-1908

Sinking fund assets........ $81,497
Net debt Dec. 1,1 89 8 ___
95,103
Assessed valuation, re a l.l 938,444
R ome W atert ’ n & Ogd . RR.—
Assessed valuation, pers’l. .289,115
5s, F&A, $90,000 Feb. 1 ....1 9 0 2 Total valuation 1898___2 ,227,559
($10,000 due yearly) to 1910 Assessment said to be full value.
5s, F&A, $12,000 Feb. 1 ....1 9 1 1 Total tax (per $1,000) ’98. . $12*80
Interest is payable in N. Y. City. Population in 1898 (est.).. ... 5,000
Total debt Dec. 1,1898.. .$176,600 Population in 1890 was .. ... 5,157
The sinking fund receives about $5,000 yearly.
LOANS- '
When Due.
Sodus Point & So. RR.

7s, M&S, $74,600, Sept. 1 ....1 9 0 0

S P R I N G V I L L E . — I k a W . S m i t h , Clerk.
This village is in Erie County.
LO AN SWhen Due.
School bonds........................ $2,500

W ater B onds—
4s, $28,000............................... 1927
Total debt Feb. l ; 1898... .$57,350
Assessed valuation 1898..801,650
Total tax (per$l,000) 1898. $20‘ 11
Population 1899 (est.).......... 2,100
Population 1890.........
1,883

E l e c t r ic L ig h t B o n d s —

................$8,000............. ...............
4s, J&J, 16,500 .......... 1903-1927
($660 yearly on Jan. 1)
4s, J&J, $4,850........ .1903 to 1927
($194 due yearly on July 1.)

CJAMES K. McGUIRE, Mayor.
■1 M. Z. HAVEN, City Clerk.
( E. F. ALLEN, City Treasurer.
Syracuse is situated in Onondaga County.
LO AN S,— Interest.— > ---------Principal.----------,
NAME AND PURPOSE.
Bate.
Payable. When Due. Outstand’g.
Railroad aid bonds—
J & J Jan. 1, 1900 $500,000
Syracuse & Chenango RR .... 7
J & J Jan. 1, 1900
Syracuse Northern RR....... 7
500.000
J & D Dec. 1. 1926
Collegiate bonds.................... 4
100.000
M & N May 15,1899
Local improvem’t bonds. 1895 4
65.000
do
A & O Oct. 1, *899
do
1895 4
30.000
.
T,
J
Deo.15,’99-1900
(
do
do
1896 4
Ä u X$ 80,000yearly. $ 160,000
99to ’01
M & S' I1Sept.l,’
do
do
1897 4
$25,000 yearly. ( 75.000
T
*
o
.
5
Feb.
1
,
1900-’0
2)
do
do
1898 4
* & A ($33,000 yearly. $ 99.000
4
do
do
1898
20.000
a t SJ an. 1,1900 ’08 1 , qq »/. a
do
do
1899 4
& J ($22,000 yearly J 198,000
Temporary loans (advances to contractors)............. ........... .. 149,600
P », » j Feb. 1,*00-1903 )
, aaa
Refunding bonds.............1894
F & A } $ i tooo yearly. \ 4>000
F & A Feb. 1, 1904
do
do .............1894
28,500
July 1,*99-1900) 40.000
J & J $20,000
School bonds.....................
yearly >
Dec. 15, *99 *06> 40.000
do
J &
do
.1896
$5,000 yearly. $
l y l . ’0 lto * 0 5 )
do
J & J ;; J
do
$20,000 yearly > 100.000
J & j Jan. 1 ,1 9 .0
Revenue bond_____ .......1899 4
6,500
F & A Aug. 1, 1909
City Hall bonds................ 1889 3
300.000
J <fc J Jan. 1, 1920
Water loan........................1894 4
500.000
........................ 1892 3'h J & J July 1, 1920
do
500.000
do
................ .......1892 3>fl J <fc J July 1, 1920
500.000
do
................ .......1893 Si* J ifc J July 1, 1920
500.000
do
................ .......1894 3>2 J & J July 1, 1920
500.000
do
................ .......1895
J ife J July 1, 1920
300.000
do
................ .........1890 3
J & J July 1, 1920
500.000
do
................ .........1891 3
J ite J July 1, 1920
500.000
do
................ ........1897 3*« J <te .) Jan. 1, 1927
100.000
do
................ .......1898 3>2 J ite J Jan. 1, 1928
100,000
PAR VALUE OF BONDS.—The bonds are in $1,000, $3,000 and
$5,000 pieces.
T AX FREE—The local improvement bonds are exempt from taxation.
IN TE R EST on the water bonds is payable at the office of the Metro­
politan Trust Company, New York; on all other bonds at the office of
the Union Trust Company, New York.
T O T A L DEBT» Et c .—The total bonded debt on Dec. 1, 1898, was
$6,225,100, including water debt, $4,000,000, and local improvement
bonds, $611,600. The city has no floating debt and no sinking fund.
ASSESSED VALUATION. —In 1898 the assessed valuation o f real
estate was $67,531,651; of personal property, $10,537,358; total,
$78,069,009; total tax rate 1896 (per $1,000) $19'904. Property is
assessed at “ about 75 per cent of its actual value.”
POPULATION. —The population in 1890 was 88,143; in 1880 51,792;
iti 1897, estimated, 120,000.

SY R A C U SE .

T A R R Y T O W N . — F. A . Russell., Treasurer.
This village is in Westchester County.
LOANS —
When Due. 4s, J&D, $65,000.......June 1,1919
Sew er B onds—
4s, J&D, 65,000,....................1926
debt Mar.l, 1898...$368,000
4s* |
l $47,000.1893 to 1914 Total
Inolud’gtem poraryloanof 14,000
($3,000 due yearly).
Assessed valuation, real.8,968,645
........ ,$ 6 ,0 0 0 ............ 1915-1916 Ass’d valuation. pers’aL.3,506,945
W ater B ondsTotal valuation 1897. ..12,475,590
48, J&D, $58,000..................... 1899 Tax rate (per $1,000) 1898..$5‘00
($3,000 due yearly) to 1918 Population in 1890 about
4,500
4s, $130,000.............. June 1,1926 Population in 1898 was........ 4,674
Interest on sewer bonds is payable at the Tarrytown Nat. Bank.

T H O M P S O N . This town is in Sullivan County
When Due. Assessed valuation, pers’l $53,100
LOANS-

R ailroad B onds58, M&S, $72,000.. Sept. 1,1903
4^28, M&S, 163,000...Sept. 1, 1903
Total debt Aug. 1, 1897..$235,000
Assessed valuation, real.$619.803
IN TE R EST is paid at the Fourth

Total valuation 1897.. .. 672,903
Equalized valuation *97.. 796,863
Total tax (per $1,000) *97 if'32'70
Population in 1892 w as.......3,428
Population in 1890 was.......3,462
National Bank of New York.

T I C O N D E R O G A . - D . C. B asoom, Supervisor.
This village is in Essex County.

LOANS —
When D'ie
Water B onds48, F & a $8,0 0 .......Aug. 1,1902
4s, F & A 10,000. .. . Aug. 1, 1907
4s, F & A 15,000.......Aug. 1, 1912
4s, F & A 17,0(>0 .. . .Aug. 1, 1917
4s, F & A 20, 00.......Aug. 1, 1922

Bonded debt Jan. 1, '99... $70,000
I Assessed valuation, real.. 674,510
I Assessed valuation, pers’l 72,100
Total valuation 1898.......$746,610
I Tax rate (per $1,000) 1898.$27-00
I Village population 1890........ 2,267
|Village population 1899 (est.) 3,500

T O N A W A N D A . —L ewis Grant, Treasurer.
This viUage is in Tonawanda Town, Erie County.
When Due. Total debt (last returns). $479,556
Sew er B onds—
Tax valuation 1896.........4,877,907
4s, J&J, $126,000...July 1, 1902-9 Assessment is 23 actual value.
Water B ondsPopulation 1890 w as..............7,145
48, J&J, $150,000.. .July 1,1912 Population 1897 (estimated) 10,000
5s, J&J,
65,000... July 1,1914 Town debt 1893............... $39,260
Street B ondsTown valuation 1893___ 8,264,118
68, J&J, $50,000.. July 1, *99-1903 Town tax (per $1,000) 1894..21.36
Town population 1890...........7,636
IN TE R EST is payable at the Seaboard Bank, New York City

VILLAGE L O A N S -

T onawanda U nion F ree School D istrict
— E. G R iesterer, Treasurer.



55

NEW YORK—CITIES AND TOWNS.

April, 1899.

N

o.

3.

LOANS—
When Due.
4s, 1893, $30,000...........................
4s. 1897, 42 ,00 0 ..........................
4s, 1897, 12 ,00 0 ..........................
Total debt Mar. 1 ,1 8 9 8 ... $84,000

Assessed valuat’n,real.$4,180,000
Assessed valua’n, pers’l 422,500
Total valuation 1896... 4,602,500
Assessment 23 actual value.
Population in 1897.................7,580

/-w
5 FRANCIS J. MOLLOY, Mayor.
I r l L J Y .— ¿JAMES W. COFFEY, Comptroller.
Troy is situated in Rensselaer County.
LOANS—
.— Interest.— , ,------------- Principal.--------------NAME AND PURPOSE.
Bate. Payable.
When Due.
Outstand’g.
Bonds (funding)......... . o 4
J & D Jne2,’ 99to*1904
b l40,000
Maturing $20,000 or $25,000 each year.
20,000
Aug. 12,1899
F & A
do
r 3
do
Aug. 12,1900
4,000
r 3»¿ F & A
do
do
(
Aug.
1
2
,1905-*07
>
30,000
do
do
r 3»« F & A- ( $10,000 yearly. 5
clO.OOO
1887 r 3ifj J & J
July 14,1907
do
do
9,000
1876c 6
J & J July 1, *99-1901
City hall bonds
Maturing $3,000 each year.
a3,000
May l, 1909
.......1894 313 M & N
Park bonds..
a5,000
Oct. 1,1910
.......1894 3*3 A & O
do
4,000
June 1, 1911
....... 1895 313 J & D
. do
2,000
June 1, 1912**13
.......1895 3>3 J & D
do
4.000
June
1.1914
J
&
D
.......18J5
3
I3
do
:
Sept.20,*99-1909)
M & S 1 $10,000 yearly. J b110,000
Public building,.. ...1 8 8 4 r 4
b l5 ,0 0 0
r 4
M &S
Sept.20,1910
do
do
d 11,500
1886 r 4
M&N
Nov. 20,1911
do
do
8,000
Oct. 16, 1904
..1893 4
A & O
do
do
40,000
..1893 4
A & O Oct. 16, *05 to *08
do
do
($10,000 due yearly.)
IAug. 1,1905**07 ?
24,000
do
do
..1895 3>3 F & A ] 1 $8,000 yearly, j
10,000
Aug. 1, 1908
do
..1895 3>3 F & A
do
20,000
Oct. 19,1899
1889r 3
A & O
do
do
i
Oct.
19,1900—
*02
)
....... r 3
A & o j t $6,000 yearly. 5 18,000
do
do
2,605
F & A
Feb. 17, 1901
do
1891. 3
do
6,000
J& D
June 1, 1910
do
1891. 3
do
6,000
J& D
June 1. 1911
1891. 3
do
do
ov., 1909*13 )
52,000
1898. 3
M & N (N
do
do
($10,000 yearly >
107,000
Feb.
1905 1914
F
&
A
do
1899
do
($l«,000 in *05, *06, *08, *10 *14; $12,000 in *07, and $15,000 in *09.)
53,250
1900-1908
High school 8iteb’ ds. 1898. 3»a M & N
15.000
A & O Oct. 16,1912
Publio Improvem’nt, 1893. 4
40.000
A & O Oct, 16,1913
1893. 4
do
do
40.000
A & O Oct. 16, 1914
1893. 4
do
do
15.000
J & D Deo. 1, 1910
do
1891. 3ti
do
20.000
J & D Deo. 1, 1911
1891. 3*2
do
do
30.000
J & D Deo. 1, 1912
1891. 3>3
do
do
Qn,
t
A
t
t
>
S
Dec.
1
5
,1905-’
l
l
>
1892.
do
do
j <s u ^ $10,000 yearly.
> 70.000
5.000
Dec. 15,1912
1892. 3*3 J & D
do
do
Aug. 1 ,1909-*14 )
60.000
1894. 3*2 F & A 5
do
do
l $10,000 yearly. >
10,000
Jan. 10,1913
1895. 3*2
do
do
8.000
Jan. 10,1914
do
1895. 3*2
do
25.000
Aug. 1, 1915
do
1895. 3>2 F & A
do
10.000
M
&
S
Sept.
1,
1900
1890.
do
do
10,000
M& S
Sept. 1, 1901
do
.do
20,000
Sept. 1, 1902
M& S
do
do
20,000
M& S
Sept. 1, 1903
do
do
16,000
Sept.
1,
1904
M& S
do
do
Dec. 1,1905-*08)
40.000
J& D 5
do
do
($10,000 yearly >
10.000
June 15,1908
J& D
1891. 3
do
do
10,000
June 15,1905
J& D
1891. 3
do
do
10,000
June 15,1906
J& D
1891. 3
do
do
8,000
J& D
Dec. 1, 1909
1890. 3
do
do
750
Dec. 1, 1909
J& D
do
1890. 3
do
10,000
Sept, 1, 1908
M &S
do
do
1891. 3
20,000
Sept. 1, 1909
M &S
1891. 3
do
do
. ,. ( Dec. 1 , 1915-*16)
48.000
do
1896. 312 J ** u \ $24,000 yearly. 5
do
23,500
Deo. 15,1916
1897. 3^2 J & D
do
do
. -I-. ( Deo. 15,1915-20 )
60.000
do
do
1898. 3*2
®
$10,000 yearly. 5
Rensselaer St. imp. .1895. 3*2 M & N ^ *$5^000 yearly!^ ^ 25,000
Water W orks B onds :—
M & N M a yl,’00tol902
a20,000
Issue of May 1 ,1 87 9....... 0* 5
Maturing $10,000 each even year,
do
Aug. 1 ,1 87 9 .C* 4 ^ F & A Aug. 1,*01-1904
dl5 .0 0 0
Maturing $7,500 every third year from 1901 to 1904.
do
do
0* 4*2 F & A Aug. 1,1907—*19
40,000
Maturing $8,000 every third year from 1907 to 1919
do
c* 3*s A & 0
Apr. 1, 1900
b l0 ,0 00
do
do
c* 312 A & O
Apr. l , 1901
b l0 ,0 00
do
.August 1,1881.0* 312 F &
»>10,000
do
May, 1883.0.* 3*2 M & N |M|
J
{ b50,000
June 2 ,1 8 8 4 .r 4
J& D
June 1, 1903
b5,000
do
r4
J & D
June 1. 1904
b5,000
do
r 4
J & D June 1 ,1905-*09
e 40,000
Maturing $10,000 yearly, omitting 1907.
a5,000
Nov. 1, 1911
do of Novem. 2,1885 r 3*s M & N
a5,000
Nov. 1, 1912
3<s M & N
do
a7,500
Nov. 1, 1914
3 1« M & N
do
a7,500
Nov. 1, 1915
do
3>2 M & N
a l , 000
Nov. 1, 1917
do
3>2 M & N
Feb. 1, 1903
5.000
do of Feb., 1896.......... 3*3 F & A
Feb. 1, 1907
5.000
do
do
ar
3>2 f & a

do
do
do
do

a Bonds for $1,000 each, b Bonds for $5,000 each, c Bonds for
$10,000 each. d.Bonds for $500, etc. y Bonds for $1,000 and $10,000
IN TER EST is paid at office of City Chamberlain.

T O T A L D EBT, SINKING FUND, Etc —
Mch. 1, *99 . Mch. 1, *98. Mch. 1,*97. Moh. 1,*96
Total municipal debt.$1,393,606 $1,172,265 $1,193,265 $1,213,265
Sink, funds, cash, etc.
47,981
66,489
71,385
68,957
Net municipal debt... $1,345,625 $1,105,776 $1,121,880 $1,144,308
Water debt additional
246,000
273,500
283,500
303,500
Sinking funds, etc..
42,962
51,268
42,194
43,406
Net water debt........... $203,038
$222,232
$241,306
$260,094
W ATER BONDS.—The interest and principal of the water works
bonds are provided for by the Water Commissioners from water rents.
ASSESSED VALUATION.—The city’ s assessed valuation and tax
rate have been as follows, property being assessed at about full value.

58

Vol. L X VIII

v--------------- Assessed Valuation.--------------- . Total Tax
Tears.
Real.
Personal.
Total.
per $1.000.
1808................... $42,-* 94,633
$5,282,425
$47,777.058
$17*26
1897................... 42,411,511
5,368,077
47,779,588
17*26
1896.................... 42.535,685
5,133,025
47,668,710
19*48
1895.................... 42,566,736
5,392,051
47,958,787
19*86
1890.................... 41,851,392
5,198,587
47,049,979
18*45
1888.................... 42,454,445
5,598,427
48,052,872
17*20
The tax rate for 1898 Includes State and county tax $4*76 and city
tax $12*50.
POPULATION. —In 1892 population was 64,986; in 1890 it was
60,956; in 1880 it was 56,747; in 1898 estimated 67,000.

W ater B onds—
LOANS —
When Due.
City Bonds—
7s. M&S, $50,000........ Part yearly
4s, $25 0 0 0 .................. 1*98-1904 5s, M&S, 45,000......Part yearly
4s,
6 ,5 7 4 .................... 1898-1900 4s, M&S,
85,000......Part yearly
3%s, 40,000.................. 1905 1914 3*28, M&S, 15,000......Part yearly
4s,
1 3 ,0 0 0 ............... 1907-1919 3s, M&S. 40,000......Part yearly
4s.
47,000................... 1915-1925 Total debt Mar. 2 0 ,1898..$531,574
City H all , 1896—
Water debt (included). . . 235,000
4 s , .......$40.000..........1926 to 1930 Assessed valuation, real.7,111,000
Ass’d valuation, pers’l.. 2,215,000
($8,000 due yearly.)
Total valuation 1897... 9,326,000
F unding B onds—
3*28 ... $125,000.Feb. 1 , 1900-’ 24 Assessment about % actual value.
Population 1898 (local est.).22.000
(t>5,000 yearly.)

T R U X T O N . — J o h n O ’D o n n e l l , Supervisor.

INTEREST is payable at American Exchange National Bank of
New York City, or in Watertown.

Population in 1890 was....... 14,725

A town in Cortland County.
When Due. Assessed valuation, real $431,773
LOANSN. Y. & Os. M id . RR. B onds—
Assessed valuation.pers’ l 34,175
4s. J&J, $112,200.... July 15,1912 Total valuation 1897....... 465,9 50
Subject to call after July 15,1902 Assessment about % actual value.
Tow n B onds—
Total tax (per $1,000) 1897.$24*33
4s, J&J, $2,000.......July 15, 1899 Population in 1892 was........1,265
Bonded debt Aug. 1, ’9s $114,400 Population in 1890 w as........1,328
IN TE R ES T on the railroad bonds is payable at the First National
Bank of Cortland; on other bonds at the Cortland Savings Bank.

TA X FREE.— Bonds are tax exempt.
U L STE R

C O . —Geo. Deyo, Treasurer.

County seat is Kingston.
LOANS —
When Due.

4s.......... $140,OOO....Mar. 1, 19"4
C o urth ou se B onds, 1895, (ref.) 4 s , ....... 500,000.... Mar. 1, 1905
4s, M&S, $6*,000..........1900 1920 4s. M&S, 100,000..Mar. 1,1900 to
($3,000 due yearly on Mar. 1.)
($',000 due yearly) Mar. 1, 1919
4s, M & S , $69,000....Mar. 1,1900
R efunding B onds($3,000 due yearly) to Mar. 1,1922 48, M&S, $14,000......... Mar., 1924
4s. M&S, $32,000.......Mar. 1,1923 Bonded debt Jan.l, ’99 $744,220
County BondsAssessed valuat’n,real 27,304,290
48, M&S, $72,000.......Mar., ’00-’ 23 Assessed val’n, pers’l. 3,169,170
($3,000 yearly)
Total valuation 1898.. 30,473,460
3s, $50,000............... Mar. 1.1900 Population in 1898 (est’d )..85,000
3s,
50,000............... Mar. 1,1901 Population in 1890 was...... 87,062
1 s,
10,000............... Mar. 1,1902 Population in 1880 was...... 85,838
T AX FREE —The court house bonds are exempt from taxation.
) T. E. KINNEY, Mayor.
5 JOHN A. CANTWELL, City Clerk
This oity is in Oneida County.
LOANS —
When Due.
LOANS —
When Due.
A cademy and School Bonds,
P ublic I mprovement 1896—
48, ........ $157,266... part yearly.
4s.... .... $153,000___ 1897 to 1916
B ridge B onds2,335.....................1899 48........ $4,000................
4 s .........
1899
4s. ...,
20,000.......... 1899-1900 4s......... 4,000................ 1899-1902
R ailroad A id Bonds—
4 8 ,...... 9,000................ 1899-1907
7s........... $200,000.. .July 1, 1901 4s......... 4,000...........Nov., ’99 ’02
4s, ann., 32,406........... 1899-1904
L ocal A ssessments—
(*e annually.)
4 s , ........ $96,685... part yearly.
Total debt Mar. 1,1899..$477,426
Utica holds against its railroad bonds an equal amount o f railroad
stock, which returns dividends of 5 per cent.

U T IC A .

W A T E R Y L I E T . — J a s . H . B o y l a n d , Chamb’ n.
This city is in Albany County.
LOANS —
When Due.
a P avement B onds—
4s, A&O, $256,000... 1899 to 1914
(Part due yearly on Oct. 1.)
Sew er B onds—
4s, M&S, $74,000.......1898 to 1906
(Part due yearly on Sept. 1.)
School Bonds—
4s, J&D, $53,000 .......Juno, 1899
($5,000 due y’ly) to June, 1908.

E lectric L ight B onds48,
, $12,000.......July 1,1899
($4,000 due y ’rly) to July 1,1901
Bonded debt Aug. 1, ’98 $411,000
City has no floating debt.
Tax valuation, real....... 4,447,006
Tax valuation, personal
141,000
Total valuation 1898... 4,588,006
Assessment about actual value.
Total tax (per $1,000) ’ 98..$20*40
Population in 1890 was.......12,967
a $1,000 each.
Population in 1898 (est.)..-15,000
IN TE R ES T is payable at City Chamberlain’s office

W A W A R S I N G . — W . K e l l e y , Supervisor.
Wawarsing is a township of Ulster County in which the village of
Ellenville is situated.
LOANS —
When Due. Town debt Feb. 20. ’ 99.. $181,185
Village debt Feb 2 0 ,’ 99.
13,500
Town Deal.
Assessed val’tion, real... 1,284,700
R ailroad A id L oan—
3*28, F&A, $130,000........ ’99 to ’ 10 Assessed val’tion, pers’l.. 137,733
B ridge B onds—
Total valuation 1898___1,422,433
.................... $1 ,18 5 ........................ Assessment about % actual value.
Village Debt.
Total tax (per $1,000) ’ 98...$27*02
Water L oan—
3*28,M&N, $13,500...Nov. 1,1907 I
Now subject to call.
IN TER EST on town bonds is payable at the Home Bank of Ellenville.
POPULATION—The population in 1892 of town and village was
7,866; in 1890 it was 7.758; in 1880 it was 8,547; in 1870 it wa»
8,151. Population o f village in 1890 was 2,881; in 1897 (est.), 3,000.

W E S T

C H E S T E R . —See New York City.

W E S T C H E S T E R C O . — F r a n c i s M. C a r p e n ­
t e r , Treasurer.—County seat is White Plains.
General P urposes—(Con.)—
LOANS —
When Due.

4s, J&D, $64,978.......June 1,1900
($10,000 due y’rly) to June 1,1905

County J ail B onds IN TE R ES T is payable in Utica at the City National Bank.
4s, J&J, $30,000........... 1906-1908
D EB T LIM ITATIO N .— The city is restricted by law to the issuance
($10,000 yearly on July 1.)
or temporary loan bonds in anticipation of city tax.

ASSESSED VALUATION.— Assessment about full value in 1897;
previously about 70 per cent.
Real
Personal
Total Assessed Rate o f Tax
Tears.
Estate.
Property.
Valuation, per $1,000.
1898.................. $28,472,140
$9,222,004
$37,694,414
$19*62
1897.................. 32,014,624
8,642,398
40,657,022
1896.................. 16,437,262
2,613,826
19,051,088
22*02
1895.................. 16,548,046
2,630,263
19,178,309
1890.................. 16,461,052
2,330,606
18,791,658
27*23
1880.................. 16,998,760
2,476,800
19,475,560
.P O P U LA TIO N .— In 1892 population was 46,608; in 1890it was
*5 !8 8 0 it was 33,914; in 1870 it was 28,804. Population
1899 (estimated), 60,000.
W A L T O N . — H . S. S e w e l l , Supervisor

This town is in Delaware County.
LOANS —
When Due. Assessed valuat’n, real.$l ,550,829
RR. A id B onds (reg.)—
Assessed valuat’n,per'l.
430,750
4s, F&A, $8 4 ,0 0 0 ..'....Feb. 1,1900 Total valuation 1897... 1,981,579
<$6,000 due yearly) to Feb. 1,1913 Total tax (per M.) 1897..
$11*72
3*28, F&A, $30,000... .Feb. 1,1909 Population in 1890 was.........4,543
($6,000 due yearly) to Feb. 1,1913 Population in 1880 was.........3,544
Total debt Jan. 1, 1898.. $126,000
The four per cents are payable to the Union Dime Savings Bank, N. Y

W a l t o n S c h o o l D i s t r i c t . -ALBERT D. PEAKE, President Board of Education
When Due.

LO AN S-

Total debt Feb. 1,1 89 9 .. $32,000
B uilding B onds—
Ass’d valuation, real......1,< 00,000
4s, J&J, $22,000...... July l , ’99-’02 Assessed val’n, personal. 150,000
R efunding B onds—
Total valuation 1 8 9 8 ___1,150,000
4s, J&J, $10,000........July 1,1914 Assessment abt. 40% actual value.
<$2,000 due yearly) to July 1,1918. Population in 1897 (est’d.) 3,900
, Si* thousand dollars of the building bonds matures in 1899 and
1900 and $5,000 each year in 1901 and 1902.

IN TE R E S T is payable at the Chase National Bank, New York City.
W j a r q a xxr
5 WM. E. WEBSTER. President.
VV A f i O A W .— \FRED. LESTER, Treasurer.
The town of Warsaw, containing the village of the same name, is
eituated in the county of Wyoming.
LOANS—
When Due. Town debt Feb. 1 5 ,’99.. $84,000
R ailroad A id L oan—
Village debt Feb.15,’99.
75,000
3*28, J&J, $84,000......July 1,1902 Total valuation 1898... 1,353,555
(Subject to call.)
Assessment about 4-5 actual value.
V illage Water B onds—
Total tax (per $1,000) 1898. .$8*11
4 s, J&J, $75,000........ 1910 to 1925 Population in 1890 w as......... 4,468
$15,000 in 1910, 1915 and 1925, Population in 1892 was........ 4,811
$30,000 in 1920.
Population in 1896 was........ 4,443
TA X FR E E — Railroad bonds exempt by statute from any taxation.
IN TE R EST on the railroad bonds is payable at the Union Trust Co.,
New York, and on the water bonds at Dime Savings Bank, New York.

W A T E R T O W N . — 0 . L. P a r m e l e e , Ch’ berlain.
This city is in Jefferson County.




3*28, J&D, $25,000...
1904
3*28, J&D, 20,000...
1905
4s,
J&D, 25,000...June 1,1911
($10,000 due yearly) to June 1,’ 13
4 s, J&D, $20,000......June 1,1915
Bond, debt Apr. 1, ’98
$221,000
Tax valuation, real___168,034,356
Tax valuation, pers... 24,057,229
Total valuation 1897.-192,091,585
Assessment at about actual value.
Population in 1892 w as.. .145,106
Population in 1890 was.. .146,772

General P urposes—
3*65s,J&D, $17,000... June 1,1899
4s,
J&D,
10,000...
1899
4s, J&D,
12,000...
1900
3*28, J&D,
25,000...
1901
3*28, J&D,
10,000...
1902
3%s, J&D, 15,000... .
1903
IN TE R ES T is payable by County Treasurer at White Plains.

1E. C. PRATT. Mayor.
: A. R. STEVENS, Clerk.
This village is in the town of Whitehall and in Washington County.
LOANS —
When Due. Sinking fund, etc............... $2,000
Net debt Apr. 1,1898........ 73,379
R efunding W ater B onds—
3*28......... $24,000.May 1,1899-22 Tax valuation, real........... 684,740
Tax valuation, personal.... 198,230
($1,000 due yearly on May 1.)
Total valuation 1897..........882,970
W ater B onds48, A&O, $ 2 5 ,0 0 0 ....Apr. 15,1904 Assessment about % actual value.
4s. A&O, 2 5 ,0 0 0 ....Apr. 1,1914 Total tax (per $1,000).......... $47*50
Bonded debt Apr. 1,1898.$72,000 Population in 1890 w as.........4,434
Floating d eb t.....................
3,379 Population in 1880 was.........4,270
Total debt Apr. 1 ,1 8 9 8 .... 75,379 Population 1898 (estimated) .4,577
IN TE R E S T is payable at the Fourth National Bank, New York.

W H IT E H A L L ,

W H IT E

P L A I N S . — H o w a r d E . F o s t e r , Treas.

This village is in Westchester County.
LOANS—
When Due. Total debt Feb. 1,1899 $530,000
R efunding B onds—
Tax valuation 1898........11,000,000
4s......... . $14,000.Nov. 1 , 1900-’ 13 Population 1898 (estimated).9,000
W ater Bonds—
4s, F&A, $130,000, Aug. 1,1914-28
($4,000 in 1914 & $9,000 yearly to
Aug. 1, 1928.)

W I L L I A M S B R I D G E . — See New York City.
Y A T E S .—This town is in Orleans County.
LOANS —
When Due. I Ass’d valuation, pers’l . .. $66,420

R ailroad -A id B onds—
5s, Apr. 1, $60,000...April 1, 1900
($4,000due yearly) to April 1,1914
Total debt Apr. 1 ,1 8 9 8 ... .$64,000
Assessed valuation, real.1,002,645

Total valuation 1898 ...1,069,065
Assessment is 9-10 actual value.
|Total tax (per $1,000) ’98...$12*20
1Population in 1892 was........ 1,995
|Population in 1890 was........ 1,969

v r v N T r z tt’ td c
5 LESLIE SUTHERLAND, Mayor.
I U 1 N i V l L l - t O . — ( JOHN H. KEELER, Deputy Clerk.
Yonkers is in Westchester County.
LO ANSWhen Due.
LOANS When Due.
A ssessment B ondsCrematory B onds48, ........ $ 3 4 ,0 0 0 ....Feb. 1,1900 48, A&O. $5,500...........1900-1905
4 s ,.......,
1 3 ,5 0 0 .... Feb. 1,1900
($1,000 due yearly on Apr. 1.)
4 s ,.......,
9 2 ,0 0 0 .... Feb. 1,1901 4s......... ,$3.600
Apr. 1906-’09
4s, . . . . , 21,500 .. Feb. 1,1902
D eficiency B onds—
Consolidation B onds—
4 s ,........ $10,000 . . . Mar. 1, 1900
7s, A&O, $30,000....... Apr. 1,1900
F ire D epartment—
7s, A&O, 70,000 ... Apr. 1, 1901-2 4s, A&O, $10,000.Apr. 1, ’0 0 to ’01

April, 1899-

cities

LOANS—
When Due. I R edemption B onds—
P aving B onds—
|4s........... $50,000......Feb. 1,1900
4 s , ---- , $41,764..Mar, 1 ,’99 to ’05 |4s..........
60,000......Feb. 1, 1901
4s,
70,000..Mar. 1, ’00 to ’06 14s, F&A, 125,000.......Feb. 1,1902
4s,
262,558..Apr. 1 .’99 t o ’25 I Street I mprovement —
P ublic B ath B onds—
I 4 s, ___., $30,000............ 1899-1901
4 s , . . . . $20,000.1900, ’05, ’ 10,’ 15 I
($10,000 due yearly.)
($5,000 each payment.)
T a x R elief —
P ublic B uilding and D ock— I 4 s, ___ , $200,000......May 1, 1899
4 s, A&O, 8*11,200. ..Apr. 1,1900-2 I 4s......... 150,000......May 1, 1900
48......... 100,000___1902 to 1911 I WATER WORKS—
($10,000 due yearly.)
|7s, .., $625,000.Apr. 1 ,19 0 3to’ 14
4s, J&D, $21,000 ...A p r., 1902 ’05 5s, ..,
30,000.Apr. 1 ,1 9 0 9 t o ’ 12
School B uilding—
I 4s,
750,000.Apr. 1,1 91 2 t o ’ 22
Biss. A&O, $175,000.Apr. ’99-1976 I 3*es, ... 20,000......... Apr. 1,1917
($5,^00 due yearly on Apr. 1.)
| North B roadw ay B onds—
48......... $210,500.Apr. 1,1913to’55 4s, A&O. $20,000.Apr. 1 , 1900-’03
3*28, A&O, 28,500..............1913-81 |
($5,000 each year.)

5 7

Assessed PopulaTotal InterDebt. est. Maturity. Valuation, tiontn
O*
1QQA
$
Herkimer Co....... .................144,000 ..
N ........ 27,803.644 45,608
Herkimer(T.), Herkimer Co. 10,141 5
’ 99-’01
4,666
Horseheads(T.).Ch-mungColo8,100 7 Feb. 1900 1,713,074 3,482
Hoosick (T.), Rennseiaer Co. 15,500
’01-’07 4,653,959 10,471
Hounstield (T.), Jefferson Co. 41,000
1,399,540 2,651
Hunter (T.), Greene Co....... 13,600
861,257
357
’99*10
Irvington (Village), West­
chester C o............................ 31,000
’00-’07 3,620,200 2,299
Islip 8. D. No. 1, Suffolk Co. 30,000
’02-’ 22 2,063,000 *2,290
Ithaca 8. D., Tompkins Co... 12,000
1908
.........................
Jefferson County.................
20,000
’99-’02 36,485,164 68,806
Keeseville (V.), Clinton Co.. 16,000
’99-’ 14
2,103
Lebanon (T.). Madison C o... 51,700
........
665,870 1,277
Lestershire (V.) Broome Co. 57,900
........
744,570 ........
Lewis Co.................
16,000
........ 10,296,752 29,806
Liberty (V.), Sullivan Co....... 32,500
........
353,650
700
PAR VALUE OF BONDS.—The consolidation and water bonds Lincklaen (T.),Chenango Co. 11,500
.......
207,2e5
726
■are for $1,000 each.
l.itt e Falls(T.), Herkim’r Co. 17,000
’99-’ 15
7,512
Little Valley (Village), Cat­
INTEREST is paid at City Treasury.
taraugus Co......................... 20,500
’07-’ I6
(98
Livingston County................. 30.000
’OO-’OÔ 26,314,713 37,801
BONDED DEBT, ETC.—The bonded debt of the city on July 1 , 1898> Lyons (T.), Wavne Co............ 21,500
........ 2,890,429 6,228
was $3,253,522, sinking fund assets, 8238,000; net deot, $3,015,522. Madison (T.), Madison Co. . 20,000
........
246,035 2,316
T a x relief bond raised by taxation, $350,000.
Mamaroneck (Village) .West
Chester Co............................ 25,000
........
5,047,630
3,729
C ITY PRO P E R TY .—The city owns its water works, which prior to Manheim Sch. Dist. No. 2,
December 1,1893, had oost it $1,154,417 48.
Herkimer Co....................... 15,000
’99-T3
Manlius (T.), Onondaga Co.. 102,000 4*a*7 1900-’01 2,741,820 5,458
DEBT LIMITATION.—The city’s debt is limited by law to 10 per Middlebury(T.),WyomingCo. 20,000 4*g
850,403 1,781
cen t of the assessed valuation of real estate.
Middletown (Town), Rich­
mond o o ....................
1*2,000 4 to 6 ’99-’27
ASSESSED VALUATION.—The city’ s assessed valuation'has been-' Middleville(V.),Herkim’r Co.. 20,000 3*a
1924
Milford (T.), Otsego Co........ 14,400 4
1905
855,653 2,051
Average
’ 99-’32
1,806
Personal
Total Assessed Rate o f Tax Mohawk (V.), Herkimer Co.. 64,500 4
Montgomery
Oo......................
27^287
27,287
28,577,629 45,699
Years—
Real Estate.
Property.
Valuation, per $1,000.
Morris (V.), Otsego Co.......... 13,000 1=
601
1898................ ..$32,283,460 $3,205,860
$35,489,320
............ Naples (Town), Ontario C o.. 50,000 7
1902
2,455
1897................... 30,711,880
3,155,974
33,867,854
$22-2998 Naples (V.), Ontario C o___ 24,000 4
35^,280 1,266
1915
1896................... 29,545,945
334,235
29,880,180
25-3486 Nelson (T.), Madison Co....... 42,250 3*a
632,024 1,350
1890.................... 22,574,226
398,240
22,972,466
17-3902 New BerliniT.) .Chenango Co 54,500 4
1,076,935 2,427
1880.................... 10,024,677
430,295
10,454,972
.....Newfane (T.), Niagara Co.. 73,000 5
’ 99-’23 1,340,173 3,170
Newfleld (T.), Tompkins Co. 45,800 7
1901 1,021,380 2,214
POPULATION.—In 1892 the population was 31,419; in 1890 it was Newport (V.), Herkimer Co.. 10,000 4
19 L4
659
32,033; in 1880 it was 18,892; in 1898 (estimated) 43,000.
Newport (T.), Herkimer Co. 11,500 4
803,342 1.835
’ 14-’ 18
Niagara Co............................. 52,500
........ 44,067,245 62,491
EXPLANATORY OF BONDS.—The redemption bonds were issued North Olean (Village), Cat­
for purchase of lands bid in by the city at sales of property for non­
taraugus Co........................ 17,000 5
’99-’ 15
payment of taxes and assessments, and the bonds are to be paid out of Norwich (T.), Chenango Co. 30,000 4
’99-’01 2,827,205 6,524
money received for redemption of lands so purchased.
Nunda (T.), Livington Co... 19,000 4*7
1,226.080 2.426
Olean (City), School District
No. 1, Cattaraugus Co........ ! 59,675 4*2
’98-’ 15
............
Olean (Town), School Dist.
No. 1, Cattaraugus Co........ 14,825 4*2
’98-’ 15
OneontaS.D.No.5,Otsego Co. 22.750 4
’ *9 ’ 10 3.03Ì.268 7.700
Ontario County
....
15,000 4
’ 99-’01 30,181,954 48.453
Ontario (T.), Wayne Co........ 53,400 4
929.891
Orange Co............................. 11,000
........ 39,777,272 97,859
A D D IT IO N A L
STA TE M E N TS.
Oswegatohie(T.),St.Law.Co. 60,500 4 , 5&6
1,551,727 2,34«
Otsego <T.), Otsego Oo........ 114,500 3 *s&7 1900-’ 18
In the table below we give statistics regarding civil divisions in the Otselio
(T.),Chenango C o... 61Ì900 4
’ 449^615 1,284
State of New York which have an indebtedness of over $10,000, and
. 52,000 4
’99-’06 5,087,855 9,008
. 36,500 4<fc5
’98-’40
which are not represented among the foregoing detailed reports. We
. 24,000 3*3
407,406 1,770
add the papulation from the U. 8. Census of 1890.
Patoliogue (V.), Suffolk Co.. 2<\0 0 4
1900-’09 2,575,100 2,600
Perry (Town), Wyoming Oo 69,900 7
1900 1,733,848 2.928
Total InterAssessed Povula Phelps (Town), Ontario Co... 33,500 4&7
’98-’ 17
5.086
Debt est. Maturity. Vacation. (ion.
1890.
$
. 25,000 7
1,182,590 1,662
Andover (V.) Allegheny Co. 18,800
............
241.916
, 17,000 4
474,681 1,218
’99-’o8
Angelioa (T.), Allegany Co.. 39,000 4
’99-’25
689,750 1,749 Plattsburgh (T.),Clinton Co. 15,000 7
’99-’01 2.207,498 9,500
Angelica (V.), Allegany Co . 30,000 4
do
do
Sch.D
No.l.
1927
225,006
17,800
953
4&5
’ 99-’ 08
Antwerp (T.), Jefferson Co.. 15,000 3*e
’07-’21 1,471,550 3,095 Plymouth(T.),Chenango Co. 38,000 4
199-’ 11
392,660 1,156
Arcadia (T.), Wayne C o .......114,400 7
3,043.801 6,310 Randolph (Village), Catta
Attica (Town), Wyoming Co. 28,700 4&5
raugus Co............................1, 20,000 5
1,084,883 3,002
’00-’20
1,201
Ballston 8pa (V.), Sar’ga Co 61,500 4 to 5 ........
2,527 Richland (T ), Oswego C o .... c 4,000 3*3
1,786,548 3,771
Bradford (T.), Steuben C o ... 14,000 7
1902
316,850
765 Richmondville (V.), Soho
Canandaigua (V.) ,OntarioCo.130,000 4
harie Oo.............................. . 28,000 3*3
1915 3,828,060 8.229
663
............
Canton(TJ,St. Lawrence Co. 13,000 4
’ 99-’05 3,185,490 6,096 Ridgeway Soh. Dist. No. 5,
Cattaraugus (Village), Cat­
Suffolk Co........................... 31,000 4
’99-’ 18 1,341,904 2,200
taraugus Co......................... 22,000
1914
878 Ridgeway and Shelby School
Champlain (V.), Clinton Co.. 20,000
District, Orleans Co.........., 18,000 6
’ 22-’26
1,275
’99-’ 13
............ ........
Chautauqua (Town), Chau­
Rlverhead School Dist No. 5,
tauqua Co............................ 20,000
Suffolk County................... . 31,000 4
99-’02 2,021,020 3,259
’99 ’ 18 1,341,804 2,200
Cherry Creek (Town), Chau­
Rockville Centre (Village),
tauqua Co............................ 49,000
’99 ’ 25
Queens Co............................! 31,560 4
’09 ’ 27
472,596 1,481
Cherry Valey(T.),Otsego Co. 50,000 3*4&3*2 ’ 99-T5
’09-’ 12
885,093 1,803 Rouses Pt. (V.), Clinton Co. .. 38,000 4
1,856
Cherry Vail ey(V.),Otsego Co. 21.000 4
1902-’ l6
11,600 4
’99 ’09
998,390 1,798
685 Rutland (T.), Jefferson Co
Cincinnatus(T.),Cortland Go 39,000 4
.........
936
293Ü75
Clifton Spgs (V.),Ontario Co. 50,000
. 22,000 5
1916
651,820 1,046
’98-’08 1,156,105 4,572
Clinton County .................. 14,000
. 44.0 *0 5
’26-’34
600,000
’ 00-’02 7,001,828 46,437
768
Colombus (T.),Chenango Co. 16,000
525,856 1,1(9 Saratoga (T.), Saratoga C o. 80,000 4*3
1,41', ,9 .'5 3,855
Covert (Town), Seneca Co... 50,000
1901 1,409,245 1,963 Saratoga Springs (Town
Covington (T.),Wyoming Co. 12,000
! 70,000 4&5 ’99-’ 16 7,311,700 13,171
601,942 1,151
Cuyler (T.), Cortland Co .. 58,000
. 16,500 4
1,357,954 2,944
410,366 1,095
Deer Park Soh. Dist. No. 1 .. 22,000
1,386,790 3,026
’ 99-’09 1,931,435* 10,000 Soliroeppei (T.),Oswego Co.. 38,500 5&7
D e Ruyter (T.), Madison Co. 50,000
’01 ’21
844,570 1,450
603,055 1,500 Sea Cliff (V.), Queens C o ..... 54,000 5
Eaton (T.), Madison C o___ 80,000
’ 98-’0?
1,291,022 3,121 Seneca (Town), Ontario Co... 15,696 7
2,690
Ellenville (V.), Ulster Co___ 13,500
300,000 *2,998 Sharon (T.), Schoharie C o.... 39,000 3 *4&3*a
1907
2,202
Elmira Heights (Village),
Sharon Springs (V.), Soho
Chemung Co....................... 17,000
harie Co................................ 36,000 3*3
622
’ 98-T3
Enfield tT.), Tompkins C o... 16,800
960
1901
583,646 1,363 Sherburne (V.),Chenango Co.. 41,000 3 *a&4 Part yr’ly. 530,000
Erin (T.), Cfiemung Co........ 13,700
328,961 1,289 Sidney (T.) Delaware Co___ 59,500 3*a&4 Part yrlv 1,034,494 3,122
Feb 1900
Frankfort(V.),HerkimerCo. 73,000 3*2&4*a ’99-’28
.
50,000
7
190L
Smithtown
(T.),
Suffolk
Co..
1,744,911 3,357
............ 2,291
Franklinville (Village), Cat­
45,900 4
623.600 1,396
taraugus C o,....................... 32,000 4
77,900 4
214,165
1,021
687
’98-’ 10
Freeport (V.), Queens Co___ 55,750 5
Somerset (T.). Niagara Co... 55,500 5
1,042,604 1,962
’99-’ 19
GainesvilleCT.), Wyoming Co. 116,000
6,000 4*2
’ 99-’02 1.049,788
733.175 1,845
8tockbridge(T.),Madison Co. 9 *>,000
Geneva (City), Ontario C o..230.000
230.000 4
. 55,000
’ 16&’26 5,850,010
........ 48,753,066 62,491
Geneva (Town), Ontario Co. 31,303 7
31,500 4
8,877
’98-’0 l
229,130
815
Geneva Classical School Dis­
Theresa (T.), Jefferson Co.
63.300
1900 1,071,440 2,391
trict, Ontario Co................ 35,500 4&5
Tompkins County.................. , 18,000 5
’ 99-’09
........ 17,757,316 32,928
............
German Flatts (Town),
Ulysses (T.), Tompkins Co. . 54,200 7
1901 1,230,610 2,954
Herkimer Co .................... 34,750 6&7
1901
7,255 Unadilla Sch. D., Otsego Co. 12,00d 6
’99-’ l l
Gilbertsville(V.),Otsego Co 14,000 3*2
Urbana (Town), Steuben Co.. 10,000
’ 16-’25
1,807,500 2,590
Gowanda(V),CattaraugusCo 18,000 4
. 30,000 4
599,010 2,220
............
Greenburg (Town), West­
.171,000 3*3-4-5
3,242,409 6,527
chester C o .......................... 167,000
11,613
12,000
8.610,916 27,866
Groton (V.),Tompkins C o... 26,600 3*2
1,280 W aterto wn (T.), Jefferson
793,700 1,215
1928
,164,000
’99-’ l l
Groton (T.), Tompkins Co... 15,000 7
1900 1,467,140 3,572
889
362,035
29,000 7
........
Guilford (T.), Chenango Co. 27,000 4
1,171,183 2,236
23,000 6
’99-’2L
.....
Hamilton Co.......................... 26.000
2K.000
3,107,297 4,762 Wellsburg(V.),Chemung Co. 10,500 5
’99-’20
Hastings (T.), Oswego C o... 43,000 3*«-4
823,150 2,364 Wheatland (T.), Monroe Co.., 41,000 4
'99 ’ 14 1,504,787 2,400
Hempstead S. D. No. 1 ........ 10,000 4&5
1,212,952 2,978
Wilson (Town),Niagara Co. 95,000 5
’99-’u2
Hempstead S. D. No. 15....... 19,000 5
Winfield School District No.
’03-’ 12
Hempstead S. D. No. 20....... 14,200 5
12,500 4
’99-’ 23
’00-’27
Hempstead S. D. No. v i ....... 32,400 4
’97-’ 20
’99-’ 10 1,135,099 3,216
83,000 5
Hempstead S. D. No. 22__ 15.000 4*a
’05-’ l9
Hempstead 8. D. No. 2 i ...... 10,000 5
'Population estimated
............
’03-’ 12




STATE A m CITY SUPPLEMENT

State of New Jersey.
ITS

D E B T , R E SO U R C E S, E t c .
Admitted as a State
One of Original Thirteen
Total area of State (square miles)
7,815
State Capital
............................................................Trenton
Governor(term exp. Mon. bef. 2d Tues. Jan.’02) F . M . Voorhees
Secretary of State (term expires Apr. 1, 1902) Geo. W urts
Treasurer (term expires April 2, 1900) - - George B. Swain
Comptroller (term expires April 2,1900)
- W m . S . Hancock
Legislature meets annually the second Tuesday of January,
and there is do limit to the length of the session.
H ISTORY OF DEBT.—New Jersey has always been a conservative
State; there are consequently no facts out of which to construct a his­
tory of debt issues. In a report made in 1838 the financial officer of
the State affirmed that New Jersey had put out no obligations of any
kind or loaned its credit to any company. The Constitution of 1844
forbade the creating of a State debt exceeding one hundred thousand dol­
lars except for purposes of war, «fee., as will more fully appear in the
item below with respect to “ debt limitation.” This exception, under
which it was allowable to exceed the hundred-thousand-dollar limit
became operative on the occasion of the breaking out of our Civil War.
Quite a debt was created at that period and what the State now owes
is the remnant of those war issues. The details are as follows.
LOANS,— Interest.— > ,---------- Principal.----------.
NAME AND PURPOSE.
Rate. Payable. When Due. Outstand’g.
War loan.................................... 6
J & J Jan. 1. 1902
71,000
INTEREST is payable in Jersey City and Trenton.
T O T A L DEBT.—The total bonded debt of the State on January 1,
1899, was $71,000. At previous dates it was:
Nov. 1,1898.
$194,000 Nov. 1, 1895..................... $660,400
Nov. 1, 1897
391,000 Nov. 1, 1894.................... 735,400
Nov. 1, 1896
593,400 Nov. 1. 1880......................1,996,300
In addition to the bonded debt the Treasurer and Comptroller have
issued certificates to the commissioners of the Agricultural College for
$48,0<>0, which, with the war debt, makes the entire debt on January
1,1899, $119,000. On Nov. 1,1898, balance on hand was $1,001,524.
ASSESSED V ALUATION.—The assessed valuation, etc., has been
1898........$844,354,193 I 1892.......$742,759,082 1882. .$534,917,876
1897........ 812,609,090 |1890....... 649,979,700 1880. . 518,617,518
1896 ___ 794,428,04« |1888....... 603,676,953 1878. . 531,851,849
1895........ 786,998,070 1886...... 573,256,303 1876. . 596,833,707
1394........ 774,398,332'1884...... 554,828,114 1874. . 619,057,903
In addition to the above the valuation of railroad and canal property
in 1897 was $220,220,028.
DEBT LIMITATIONS.—The provisions of law limiting and regulat­
ing the debt-making power in New Jersey will be better understood
and the information will be made more serviceable to the investor if
arranged in accordance with the civil divisions to which the provisions
apply.
(1) THE STATE is restricted as to its debt-making power by the
State Constitution. In Article IV, Section VI, paragraphs 3 and 4, the
whole subject is disposed of. The third paragraph forbids a loan of the
State’s credit, and the fourth paragraph forbids the creation of debt.
These provisions are as follows.
3. The credit o f the State shall not be directly or indirectly loaned in
any case.
4. The Legislature shall not in any manner create any debt or debts,
liability or liabilities of the State, which shall singly or in the aggregate
with any previous debts or liabilities at any time exceed one hundred
thousand dollars, except for purposes of war, or to repel invasion, or to
suppress insurrection, unless the same shall be authorized by a law for
some single object of work, to be distinctly specified therein ; which
law shall provide the ways and means, exclusive of loans, to pay the
interest of such debt or liability as it falls due, and also to pay and
discharge the principal o f such debt or liability within thirty-five years
from the time of the contracting thereof, and shall be irrepealable until
such debt or liability and the interest thereon are fuily’ paid ar.d dis­
charged ; and no such law shall take effect until it shall, at a general
election, have been submitted to the people, and have received the
sanction of a majority of all the votes cast for and against it at such
election ; and all money to be raised by the authority of such law shall
be applied only to the specific object stated therein, and to the payment
o f the debt thereby created. This section shall not be construed to re­
fer to any money that has been, or may be, deposited with this State by
the Government of the United States.
According to the foregoing (4th paragraph), the power of the State for
making debt is limited to $100,000, except (1) for purposes of war etc.,
and (2) when the authorization is for some single object of work speci­
fied therein, etc. In tlie latter case the mode of procedure is, as will
be seen, given in the same paragraph of the Constitution.
(2) OITIES, COUNTIES, TOWNS, Etc., are also restricted in the
making of certain kinds of debt by Article I, paragraphs 19 and 20, of
the Constitution. We give the paragraph in full.
19. No county, city, borough, town, township or village shall
hereafter give any money or property, or loan its money or credit,
to or in aid of any individual, association or corporation, or become:
security for or be directly or indirectly the owner of any stock or
bonds of any association or corporation.
20. No donation of land or appropriation of money shall be made
by the State or any municipal corporation to or for the use of
any society, association or corporation whatever.
It wiil be noted that the above prohibition relates to the giving of
money, property or credit of cities, &c., to individuals, associations, or
corporations, &o., and that the prohibition is absolute, forbidding the
doing o f such acts in any form, shape or manner. There is one other
restriction of the State Constitution, and that is found in Article IV.
Section VII., paragraph 11, which forbids the Legislature passing any
specialisms, “ regulating the internal affairs of towns and counties” ',
in this and in all other cases in which according to the judgment of
the Legislature general laws are feasible, the Constitution states that
general laws must be provided.
In compliance with this last provision the Legislature has passed
many general laws covering bonded indebtedness of cities, towns, etc.
They are so numerous they cannot be cited here. We would refer the
reader to the Revised Statutes of New Jersey published in 1896 under
an act and a supplement parsed in 1894 and 1895, and to the heading
“ Municipal Bonds” pages 693 to 716 both inclusive; and also to the
same heading (“ Municipal Bonds” ) in the Revised Statutes of New
Jersey published in 1896, pages 2221, etc.
POPULATION OF S T A T E .—Population has been as follows.
1,444,933 1860.
1890
672,035 1830.
320,823
1,131,116 1850
1880
489,555 1820.
277,426
1870
906,096 1840.
373,306 1810.
245,562
T A X E X E M P T IO N —The State of New Jersey passed in 1893
a general statute which exempts from taxation the bonds, seouritfe * .




Vol. L X Y III

ties and other evidences of indebtedness of municipal corpora­
tions ; the provision covers not only the bonds, etc., to be hereafter
issued, but those as well that have been heretofore issued. It is a
sweeping statute, and one which is of decided interest to the holders of
the municipal securities of the State. The full text o f it may be found
in the State and Cit y S upplement for October, 1898, page 58.
SAVINGS BANKS’ IN V E S T M E N T S -P O W E R S AND RESTRIC­
T IO N S .—The last general savings bank law of New Jersey was

passed in 1876. Since then the legislative tendency in the matter of
investments has been in the direction of allowing the management o f
these institutions a wider choice and a larger discretion. In 1878 the
limits of the 1876 law were broadened in several particulars by a new
act of two sections, the first taking the place of section 26 of the act o^
1876. In 1886 still another law was passed in place of the first section
of the law of 1878. Again in 1889 an act was passed extending m a­
terially the provisions of section two of the law of 1878, which cov­
ered the same subject matter contained in section 29 of the original law
of 1876, and thereby section 26 of the law o f 1876 was superseded by
the law of 1886, and section 29 was superseded by the law of 1889. In
1896 a supplement approved March 30,1896 (Chapter 139, laws o f
1896) to the law of 1876, making sohool district bonds an authorized
investment, went into effect. In 1897 an act was passed (approved
April 9) authorizing investments in bonds issued by commissioners
appointed by the Supreme Court of the State. In 1899 a further
supplement extending the permissible line of municipal investments
so as to include the bonds of townships and boroughs was approved!
March ‘¿4.. An attempt to add such securities to the list was made in
1898, but the measure then failed to receive the approval of the Gov­
ernor. The 1899 law is as follow s:
Section 1. It shall be lawful for any savings bank in this State to
invest its funds in the bonds of any city, county, town or township- of
this State issued pursuant to the authority of any law of this State, o r
in the bonds of any borough or village or school district of this Stain
issued pursuant to the authority of any law o f this State; provided,
such borough, village or sohool district shall, not, within the ten
years next preceding, have defaulted in the payment o f any part of
either principal or interest o f any legal debt or obligation thereof; and
provided f urther, that the total indebtedness of any such borough o r
village does not exceed ten per centum of its assessed valuation, and
such sohool district bonds are by law charged upon all the property of
the inhabitants of such district, or in any interest-bearing obligation
(other than obligations commonly known as improvement certificates)'
issued by the city, oounty, town, township, borough or village in
wbioh such bank or institution is situated.
The following is the law of 1897 (approved April 9,1897):
“ Sec. 1. It shall be lawful for any bank, trust company, savings bank
or savings institution * * * incorporated under the laws of this
State, to invest moneys belonging to or deposited with any such com­
panies in any bonds authorized by the laws o f this State to be issued
by any comrui-sion appointed by the Supreme Court of this State by
virtue o f any law of this State.”
We omit the law of 1896 with reference to sohool district bondsbecause its provisions are included in the laws of 1899, quoted aboveNext we give the leading provisions of the general law as to invest­
ments.
Section 1. That the first section of the act of which this is a supple­
ment be and the same is hereby amended so as to read as follo w s:
That it shall not be lawful, from and after the passage of this act, for
any savings bank or other savings institution, whether chartered or
incorporated under a general or special act of the legislature of this
State, and any provision contained in the charter, or any supplement
thereto, of such savings bank or savings institution to the contrary, toinvest the moneys deposited with the same in any manner, except as
follows, to w it:
I. In the stocks or bonds or interest-bearing notes or obligations of the
United States, or those for which the faith of the United States is
distinctly pledged to provide for the payment of the principal and
interest thereof;
II. In the interest-bearing bonds of this State;
III. In the bonds of any State in the Union that has not, within ten
years previous to making such investment bv any such bank or institu­
tion, defaulted in the payment of any part of either principal or interest
of any debt authorized by any legislature of such State to be contracted.
IY. In the stocks or bonds of any city, town, county or village of this
State, issued pursuant to the authority of any law of this State, or of
the cities of New York, Brooklyn and Philadelphia, or in any interestbearing obligations (other than those commonly known as improve­
ment certificates) issued by the city, town or borough in which such
hank or institution shall be situated; (See below fo r provision including,
the bonds o f certain cities and counties of any State in the U. S).
V. In bonds secured by mortgages which shall be a first lien on real
estate situate in this State, and worth at least double the amount
loaned thereon, but not to exceed eighty per centum of the whole depos­
its shall be so loaned or invested; but in case the loan is on unimproved,
or unproductive real estate, the amount loaned thereon shall not be
more than thirty per centum o f its actual valu e; and no investment in
any bond and mortgage shall be madeby any savings bank, except upon
the report of a committee of at least three of the managers, directors
or trustees of any such bank or institution, and a majority of which
committee shall certify to the value of the premises mortgaged, or tobe mortgaged, according to their best judgment; such report shall be
filed and preserved among the records of the institution;
VI. In real estate strictly in accordance with the following pro­
visions.
We do not reprint the real estate provisions, as they cover a matter
not germane to our present subject. It is sufficient to say that they are
two in number, marked (a) and (b), and may be summarized as below :
(a) authorizes the holding of a plot for erection of a ba nking build­
ing or buildings, portions of which may be rented, but the cost of lot
and buildings must not exceed 50% of the net surplus of the corporation;
(b) all purchases under foreclosure sales upon mortgages owned by
the corporation or sales under judgments or decrees obtained for debts
due, etc.; and all such real estate must be sold within five years unless,
on application to the State Board having supervision of Savings Banks,
time shall be extended.
But the character of permissible investments was further greatly
enlarged by the law of 1886, which is as follow s:
Section 1. That it shall be lawful for any savings bank or savings in­
stitution, incorporated under any law of this State, to invest moneys
deposited with it in the bonds of any city or county of any State of the
Unitea States of America, which have been or may be issued pursuant
to the authority of any law of any such State; provided, no such city o r
county has, within ten years previous to making such investment by
any such savings bank or savings institution of this State, defaulted in
the payment of any part of either principal or interest of any debt
authorized by law of such State to be contracted; and provided, fu r ­
ther, that the total indebtedness of any such city or county is limited
by law to ten percentum of its assessed valuation.

59

April, 1899

By another act the banks also have the right to invest in railroad R A V O I S T N F __ 5 EGBERT SEYMOUR, Mayor.
x
x
(W . C. HAMILTON, Clerk.
bonds under certain restrictions. The authorization was given by
This city is in Hudson County. The city issued the past year $50,Section 2 of an act approved February 22.1888. Subsequently (April
000 4 per cent street improvement bonds due in 1904 and $100,27,1888,) this Section 2 was repealed. On March 27, 1889, however, 000 4*2 per cent school bonds due in 1918. We are unable to obtain
it was again re-enacted. The section is as follow s:
from the city officials any statement of the city's debt, but take the
Section 2. That it shall be lawful for any savings bank in this State following from a report made May 1, 1898, to the New Jersey State
to invest its funds in first mortgage bonds of any railroad company authorities.
FINANCIAL STATEMENT.
which has paid dividends of not less than four per centum per annum
regularly, on their entire capital stock, for a period o f not less than
L oans—
Amount.
debt.......................$1,688,321
five years next previous to the purchase of such bonds, or in any con­ City o f Bayonne bonds.. $371,500 Total
fu n d s................ 108,141
solidated mortgage bonds of any such company authorized to be issued Funded assessm’t bonds. 118,000 Sinking
Net
debt
May 1,1898 ....1,580,180
t o retire the entire bonded debt of such company.
Funded road const’n bds
40,000 Tax valuation, real.......11,921,970
The other law referred to above passed in 1889 amending section 2 Funded tax bonds.......... 165,000 Tax valuation, personal. 705,875
•of the law of 1878 is as below. It relates to loans on collaterals:
improvement bonds....... 320,000 Total valuation 1898... 12,627,845
Section 2. That hereafter it shall not be lawful for any saving insti­ Refunded assess’t bonds. 337,000 Assessment about *5 actual value.
39,000 Total tax (per $1,000).........$23*50
tution in this State to loan the money on deposit with the same, or any Road bonds.......................
500 Population in 1890 w as.. . . 19,033
part thereof, upon notes, bills' of exchange or drafts, excepting upon Township bonds........
the additional pledge of collateral security or securities, which collat- Water bonds.................... 147,000 Population in 1880 was___ 9,372
Bunded
debt
May
1,’98..
1,538,000
Population in 1896 test). . . 25.000
•eral security or securities shall be of the same nature and character as
those in which the money deposited may be invested, as directed in the Floating debt.................. 150,321 |
first section of this act, or the capital stocks of national and State banks,
Of the bonded debt, $4,000 bears 6 per cen t; $1,311,000 bears 5 per
or other corporations of this State, which nave not defaulted in the cen t; $158,500 bears 4*2 per cent; $64,000bears 4 p erce n t; $500,
payment of interest dividends within two years next preceding the no interest. This debt was and is due as follow s: in 1898, $50,000; in
Time of such loan, and then only to the extent of eighty per centum of 1899, $50,000; in 1900, $100,000; in 1901, $39,000; in 1902, $167,the market value of such collaterals; provided, that the total amount 000: in 1903, $101,000; in 1904, $25,000; in 1905, $3,000; in 1906,
<if such loans shall not exceed fifteen per centum of the total deposits $5,000; in 1907, $20,500; in 1908, $49,000; in 1911, $340,000; in
held by such institution.
1912, $23,000; in 1913, $41.000: in 1914, $13,000; in 1915, $48,000;
In addition to the foregoing (according to section 27 of the general in 1916, $158,500; in 1917, $30,500; in 1918, $104,000; in 1919,
law of 1876) the managers can keep on hand or on deposit in any bank $121,000; in 1925, $33,000; in 1928, $16,000; $500 on demand.
in the State, or in any trust or safe deposit company in New Jersey,
New York or Pennsylvania, an available fund of not exceeding ten per
•cent of the whole amount of deposits with such corporation, or loan B E L L E V I L L E . — F e e d . W . A s h w o r t h , Chair­
the same on pledge of the securities named in the first section cited
above. Also (according to section 28 of the general law of 1876) they
man Township Committee.
can deposit temporarily in banks the excess of current daily
receipts over payments until such time as they may be judiciously
This township is situated in Essex County.
invested.
LOANS—
When Due. Total debt Oct. 1,1898.. $158,000
The foregoing provisions leave the New Jersey law broad and liberal.
Sidewalk B onds—
Water debt (included).. .
15,000
4*28, . . . . , $8,500......................1915 Sinking fund...................
13,607
4*28......... 11,000......................1907 Net debt Oct. 1.1898. . . . 144,393
C it ie s , C o u n t ie s a n d T o w n s
Woodside (Tw p .) B ondsFloating debt (add’t’l) . . .
8,981
68, J&D, $8,500.......... June 1,1900 Tax valuation, real........ 1,829,650
IN THE
(Subject to call at any time.)
Tax valuation, personal 173,300
I mprovement B ondsTotal valuation 1898___ 2,002,950
S T A T E OF N E W J E R S E Y .
48, J&D, $50,000.........Deo. 1,1919 Assessment is V3to 23 actual value.
(Subject to call after Dec. 1,1909) Total tax (per $1,000)’98...$26*60
Note .—For places not given >n alphabetical order among the following 4», $65,000.................. July 1, 1925 Population 1890 was..............3,487
statements, see “ Additional Statements" at the end o f this State.
Subject to call after July 1,1915 Population 1899 (estimated) .5,500
1915 |
FRANK L. TEN BROECK, Mayor. 4138............ $15,000
A S B U R Y P A R K — \ WM. C. BURROUGHS, Clerk.
IN
TER
EST
on
the
Woodside
bonds is payable at the Newark City
This city is in Monmouth County.
National Bank; on the $50,000 of improvement bonds at the Security
LOANS —
When Due. Interest payable at Treas. office. Savings
Bank,
Newark,
N.
J.;
on
$65,000 of improvement bonds at
F ire B onds—
Bonded debt Apr. 19,’98. $276,00»' the Howard Savings Institution. the
Newark. N. J,
5s, A&O, $10,000.......Oct. 1, 1915 Floating debt (addit’ al).
53,467
Water B ondsTax valuation, real.......3,2«3,800
58, J&D
$60.000.. June 1,1915 Tax valuation, personal. 363,800 B E R G E N C O U N T Y . — C. I. B l a u v e l t , Clerk.
Subject to call after June 1,1900 Total valuation 1898___3,647,600
The county seat is Hackensack.
5s, J&D, $10,000....June 1,1917 Assessment *a to *2 actual value.
5s, J&D, 50,000.......June 1,1924 Total tax (per $1,000) ’98..$23*00
LOANS—
When Due. Tax valuation, real... .$39,906,835
5s, J&D, 48,000........ Dec. 1,1926 Population of township 1890.8,333
B ounty B onds ($500)—
valuation, person’l 3,074,464
4s, semi an., 22,000..................1927 Population of township 1880.4,187 7s. Jan., $72,000.....1900 to 1905 Tax
Total valuation 1898.. 42,985,299
Road bonds..........................$25,500 Populat’n of boro’ 1897 (est.).3,800
($12,000 due yearly on Jan. 1)
Population in 1890 was......47,226
School bonds..................... 60,500
Total debt May 11,1898.. .$84,000 Population in 1898............ 76,081
TAX FREE.—All bonds issued by this borough are tax exempt.
IN TE R E S T is payable at the Hackensack Bank, Hackensack, N. J.

A S B U R Y

P A R K

SCH OOL

D IS T R IC T .

This district is in Monmouth County and includes Asbury Park,
Ocean Grove, Bradley Beach, West Asbury Park, and all of Neptune
Township. That portion, however, of the debt belonging to Asbury
Park has now been assumed by that city and is included in its debt.
LOANS
When due, I Tax valuation 1896.......$5,840,390
School B onds—
|Assess, is about 50% actual value.
5s, semi-ann., $65,000..1910-1942 I Tax rate (per $1,00 ) ..........$22*50
($2,000 due yearly on June 20.) |Population 1896 (est.)........ 12,000
Total debt Feb. 1, 1897. $91,000 |
A T T A M T T P f 'T T 'V '
5 JOSEPH THOMPSON, Mayor.
**■ 1
1 ILy V_yl i i .
¿a .
HESTON, Comptroller.
This city is in Atlantic County.
LOANS—
When Due.
Crematory B onds—
City B onds4 Vs,g.,J&J, $40,000..July 1,1918
58, M&N, $3,331.......................1904
City H all B onds—
5s, J&J
6,500.......................1906 4*28, J&D, $10,000.................. 1899
City I mprovement Bonds4*28, J&D, 13,000...................1900
58, M&S, $33,000.....................1901 5s, F&A.
1,000.................. 1900
($11,000 due every 5 yrs.) to 1911 Bond, debt Feb. 1 ,’99..$1,277,408
4*28, M&N, $40,000................. 1906 Floating d e b t ...............
80,000
4*28, M&N, 40,000................. 1911 Total debt Feb. 1,1899 1,357,408
4*28, M&N, 50,000 ................ 1916 Sinking fund, etc..........
107,234
4HF, A&O, 2 4 ,00 0 ..,...........1918 Net debt Feb. 1 ,1 89 9 .. 1,250,174
R oad Construction Bonds—
Tax valuation, real...... 12,453,415
4*28, J&D, $5,000___June 1,1903 Tax valuation, person’l 456,655
Water Bonds —
Total valuation 1898...12,910,076
5s, J&D, $775,000............... 1925 Assessment about *3 actual value.
4*28, M&S, 100,000............... 19 6 Tot. tax rate (p. $1,000) ’98.$25*00
4*28, J&J,
12,0u0............... 1917 Population in 1895 w as___18,329
Paving BondsPopulation in 1890 was___13,055
4128, g.,J&D,$100,OOO.Nov.l,1908
The permanent population, according to local figures, is 24,000, in
creased in summer months to 150,000.

A T L A N T I C C O . — L. C. A l b e r t s o n , Collector.

Mays Landing is the county seat.
LOANS—
When Due.
B kidge B onds58, ..........$6,000.............1899-1902
Road B onds—
4*28,..........$20,500 ....1899-1907
R efunding B onds—
4*48,........ , $15,000................. 1902

Bonded debt Dec. 1, ’98. $41,500
Assessed val’tion, real..16,907,114
Assessed val’tion, per’l. 1,597,714
Total valuation 1898 .18,504,828
State & co tax (perM.) 98..$7,137
Population in 1890 w as__ 28,836
Population in 1898 (est.)... 40,000

A T L A N T IC
H I G H L A N D S . — P e t e r S.
C o n o v e r , J r ., Mayor; N . H . R o b e r t s , Treasurer.
This Borough is in Monmouth County.
LOANS —
When Due. Tot.bor’gh debt Jan. 1,’98.$115,000
R efunding Water —
Bonds are exempt from taxation.
412s, J&J, g., $60,000. July 1,1928 Assessed valuation, real.1,300,300
R efunding S ewer Assessed valuat’n, pers’l. 208,330
48, J&J, g., $39,000...July 1.1928 Total valuation 1898 . 1.508,630
E lkctkio-L ight B onds—
Tax rate (per $1,000) 1898.$24*-4
5s, M&N, $15,000..May 15.1906 Population in 1890 was............945
School D istrict Bonds—
Population in 1896 was (est.).2,000
5s, $30,000........... ...1905 to 1919
($2,000 due yearly.)




B E R N A R D S . — J o h n A . L a y t o n , Treasurer.
This township is in Somerset County.

LOANS —
When Due.
R efunding B onds58, $112,400..$5,000 y ’ly from ’99
Total debt Feb. 1,1899.. $117,400
Tax valuation, real......... 2,142,270

Tax valuation, personal. $358,715
Total valuation 1898___2,500,98
Tax rate (per $1,000) ’98
18*20
Population in 1890 was....... 2,558
Population in 1880 w as.........2,622

B L O O M F I E L D . — W m . L . J o h n s o n , Clerk.
This township is in Essex County.

LOANS —
When Due.
Sew er B onds­
M&N, $37,500. ...N ov. 1,1899
($2,500 due y’ly) to Nov. 1, 1913
Bonded debt Feb. 1,1899. $37,500
Floating d eb t.................... 235,000
Total debt Feb. 1 ,1 89 9 ... 272,500

Assessed valuat’n, real.$3,171,275
Assessedvaluat’n,pers’l
520,025
Total valuation 1898... 3,691,300
Assessment is % actual value.
Total tax (per $1,000) 1898 $25*00
Population in 1890 was___ 7,708
Population in 1899 (est.)... 10,000
TAX FREE.— All of the above bonds are exempt from taxation.
IN TE R ES T is payable at the Bloomfield National Bank.

es,

E. M. APPELGATE, Mayor.

B R I D G E T O N . — { S. HITCHNER, City Treasurer.
This city is situated in Cumberland County.
LOANS —
When Due. Interest payable at Bridgeton.
P ublic B uilding B onds—
Total debt Feb. 1,1898.. $82,000
4s, J&J, $20,000.......July 30,1928 Sinking fund, eto............
5,000
School B onds—
Net debt Feb. 1, 1898...
75,000
5s, Oct., $10,000........ Aug. 1,1899 Assessed valuat’n, real.$4,609,350
4*28, M&S, $4,000.................... 1905 Assessed valuat’n.pers’l 1,6 53,190
4*28, M&S, 21,000...............1906 to Total valuation 1898... 6,262,540
($3,000 due yearly)................. 1912
Assessment is *2 actual value.
4s, A&O, $15,000.........Apr.,’ 14-’ 18 Total tax (per $1,000) ’ 98..$17*00
Water B onds—
Population in 1890 was.......11,424
6s, F&A, $44,000.......Aug. 1,1899 Populatiohin 1897 (est..)..13,300
($3,000 due yearly) to Aug. 1,1913

B U R L I N G T O N .—

W.

E. M cN e a l , Mayor.

This city is in Burlington County.
LOANS—
When Due.
Water B ondsCity B onds (refunding)—
48, M&N, $25,500.......Nov 1, 1916
4s, M&S, $22,500.......Sept.l, 1904 4s, J&J, $28,000.......July 1,1904
M eadow D rainage Interest is payable in Burlington.
48, J&J, $10,000....... July 1,1901 Bonded debt Jan. 2, ’99 $123,800
4s, J&D, 14,000....... Dec. 1,1921 Sinking fund..................
7,000
Subject to call after Deo. 1,1901 Net debt Jan. 2 ,1 89 9 ..
116,800
P aving B onds—
Assessed Vdluat’n, real. 2,147,965
4s......... $10,000....................... 1906 Assessed valuat’n,pers’l 366,621
Steam F ire Engine—
Total valuation 1S98... 2,514,586
4s, .. , $6,800......................... 1907 Total tax (per $1,000) ’99. ..$21*30
4s. ... , 7,000......................... 1908 Population in 1890 was........ 7,264
T ownship BondsPopulation in 1880 was........ 6,090
48, . . . . , $1,000......................... 1904
TA X F R E E —AH bonds issued by this city are exempt from taxation.

60

STATE ANB CITY SUfflEMEWT.

B U R L IN G T O N

C O . — W . H . W a r r i c k , Clerk.
County seat is Mount Holly.
The County has no bonded debt. |Total tax valuat’n,’ 98.$25,222,848
Floating debt May, ’ 9 8 .
$ 7 2 ,7 3 1 1Total tax (per $1,000) 1898.$10-66
Tax valuation, real...... 20,066,513 |Population in 1890 was...... 58,528
Tax valuation, person’l 5,156,335 |Population in 1898 was...... 60,527

CAMDFN __ 5 J. L. WESTCOTT, Mayor.

Vol. L X V III

The tax rate in 1897 includes State tax, $2-70; county tax, $5*40 »
oity tax, $20-50; total, $28-60 per $1,000.
POPULATION—In 1895 was 43,765; in 1890 population was 37,764; in 1880 it was-28.229 ; in 1870 it was 20.832.
s THOS. MCGOWAN, Director.

E S S E X C O U N T Y . - - ( ED. L. CONKLIN, Auditor.

The county seat is Newark.
^ GEO. G. FELTON, Treasurer.
B ridge B ondsLOANS —
When Due.
This city, which is in Camden County, in March, 1899, annexed the
48......... $150,000........ July 1,1917
R oad B onds—
town o f Stockton.
R efunding W ar B onds5s,
A&O,
$4,588.......Apr.
30,1901
,— Interest.— > /----------Principal.----------» 5s, J&J, 10,000...... July 1,1899 48, A&O, g., $300.000. Apr. 1.1919
LOANSRate. Payable. When Due. Outstand’g. 5s, A&O, $32,715 69. ...1902 1906 Total debt May 11, '98 $3,364,303
NAME AND PURPOSE.
$20,000
Bounties loans, 1864................ 6
J & j July 1, 1900
Sinking funds........
317,377
P a rk B ond —
75,000 3-65s.F&A,$l,000,OOO.Au.1,’
City hall, 1874................... . . . . 7
J & j Jan. 1, 1903
15-35 Net debt May 11,1898 3,046,926
15,000
A <fc o Oct 1. 1909
Fire department, 1889.......___ 4
Tax valuation, real__ 163,744,880
($200,000 every 5 years.)
75,000 4s, F&A,
J <fc j July 1, 1902
Floating debt, 1872............ . . . . 7
$1,500,000..Aug. 1,1926 Tax valuation,person’l 33,779,703
130,800 4s,
M & N May 1, 1906
do
1876........... . . . . 7
Total valuation 1898.. 197,524,583
F&A.g.
500,000..Aug.
1,1938
218,000
J & J July 1, 1911
do
1881............ . . . . 4
County tax (per $1,000) ’ 98.$6-486
efunding B onds34,000 48,RA&O,
do
1883............ . . . . 4
J & J Jan. 1, 1934
$147,000...1899 to 1905 Population in 1890w a s ....256,090
85,000
School Bonds. 1898........... ___ 4
J & D June 1, 1918
Population in 1880 was---- 189,929
($21,000
due
yearly
on
Apr.
1.)
200,000
A & O Apr. 1, 1»28
Paving Bonds, 1898.......... . . . . 4
Population in 1898 was. ..345,540
50,000
M
N May 1, 1929
do
1899.......... . . . . 4
Principal and interest of the park bonds are payable in gold.
40,000
Funding, 1 8 8 6 ................... . . . . 4
J & D June 1, 1916
35,000
do
1872 .................... . . . . 4
J <fc D Dec. 1, 1902
IN TE R EST on the $1,000,000 and the $500,000 issues o f park
25,000 bonds is payable by the United States Mortgage & Trust Company,
Interest account, 1873___ . . . . 7
J & J Jan. 1, 1904
25,000 New York C ity; on the $1.500,000 issue of park bonds at the office of
do
1 8 7 5.... . . . . 7
J
J Jan. 1, 1905
75,000 J. & W. Seligman & Co. of New York City and Seligman Bros, o f Lon­
Park bonds, 1897............... . . . . 4
J & J July 1, 1902
Pay bonds, 1877................ . . . . 7
25,000 don; on all other bonds at the Manufacturers’ National Bank, Newark,
J & J Jan. 1, 1907
Water bonds, 1872............. . . . . 7
J July 1, 1900
100,000 N. J.
J
J <fe J July 1, 1917
50,000
do
1887............. . . . . 4
do
1887............. . . . . 4
J & J July 1, 1917
50,000
i—, * a t t i - t t a t
(M A X P. KAUFMANN, Treasurer,
do
1890............. . . . . 4
95,000 m
J & D Dec. 31,1919
do
1892............. . . . . 4 *2
July 1, 1922
95,000 r Jr(.A.JNK.LIJN.— } DANIEL DEPEW, Clerk.
This township is in Essex County.
do
1893............. . . . . 4*2 J tfe J Jan. 1, 1923
95,000
J & D June 1,1926
600,000
do
1896............. ___ 4
LOANS —
When Due. Bonded debt Mar. 1, ’98..$104,000
T O T A L DEBT. SINKING FUND. Et c . - -The subjoined statement
Water debt (included)__ 52,000
R oad B ondsshows Camden’ s total bonded debt and the floating debt on May 1 of
Tax valuation, real........1,276,326
48, reg., $42,000.April 1,1900
the years 1894,1895,1896 and May 31,1898.
($2,000 due yearly) t o .........1920 Tax valuation, personal.. 56,000
May 31,1898.
1896.
1895.
1894.
Total valuation 1898___ 1,332,326
Water B onds—
Total bonded d e b t....$1,897,800 $1,254,800 $1,217,000 $1,217,800 4s, coup., $47,000.................... 1925 Total tax (per $1,000) ’9 8 .. $29-80
Floating debt.............
30,000
30,000
30,000
60,000 5s, reg.,
5.000___Nov. 1,1906 Population in 1890 was....... 2,007
30,000
............
............
............
Sinking f u n d .............
Population in 1896 (est.). . . 3,027
W oodside BondsThe city water works in 1897 were valued at $338,975, and the city 58, reg., $6,000......................... 1906
hall, Are department property, etc., at $345,330.

ASSESSED VALU ATIO N —
,------------------Assessed valuation------------------>Rate o f Tax F R E E H O L D . — D a y i d D . D e n i s e , CommissY.
Tears.
Real.
Personal.
Total.
per $1,000.
This town is in Monmouth County.
1898................... $21,965,630
$1,766,300
$23,731,930
$21-00
LOANS—
When Due. Floating debt..................... *3,275
1,928,950
24,818,259
22-00
1897.................. 22,889,309
Total debt Feb. 1, ’99....... 74,900
School B onds—
1896.................. 22,550,702
1,761,350
24,312,052
22-00
1895.................. 24,616,920
1,744,200
26,361,120
19-00 4s, J&J, $15,000......... 1905-1909 Assessed valuation, real.1,520,400
Ass’d valuation, pers’l.. 782,863
($1,000 due yearly on Jan. 1.)
1891.................. 17,141,770
1,416,610
18,558,380
24-50
Total valuation, 1898....2,303,263
Sewer Bonds—
13,701,474
1,592,210
15,293,684
26'50
1886.........
Assessment about % actual value.
1880..................
9,908,235
1,657,850
11,566,080
2 2 0 0 5s, J&J, $26,900 ($1,775 yearly)
Total tax (per $1,000) ’ 98..$17-68
Water B ondsThe assessments since 1893 have been made at full cash value.
Population in 1890 w as........
48,
J&J,
$48,000........
Part
yearly.
POPULATION— In 1890 population was 58,313; in 1880 it was Bonded debt Feb. 1, ’9 9 ... $71,625 Population 1899 (estimated) 2,932
3,500
41,659; in 1870 it was 20,045. The population in 1895, according to
The total tax as given above includes State, county and township
State census, was 6 3 , 4 6 7 . ---------tax,
$12-68;
town
tax,
$5-00.
A r D tr n /r A " V
(THOMAS W. MTLLET, Mayor.
The school bonds noted above were issued by the township and not
1V1AA X .— >h . F. DOUGLASS. Recorder.
by the town of Freehold
This city is in Cape May County.
R efunding B onds—(Con.)
LO AN SWhen Due.
IN TE R EST payable at Treasurer’ s office.
fis, A&O, $13,000....April, 1,1924
G eneral I mprovem ,t B onds58.......... . $10,0 0 0 ....June 1,1915 Interest is payable at Cape May.
TA X FREE— 411 of the town’s bonds are exempt from taxation.
5s, M&N,
13,000.... May 1,1916 Total debt Apr. 1 ,1899. $126,100
17,500 /—1 t t-t at t—
5s, J&J,
12,000.... Jan, 1,1918 Sinking fund....................
at~
i—
vf—«j- .
(ROBERT S. RUDD. Mayor.
Net debt Apr. 1 ,1 8 9 9 ... 143,600 GLLiN RIDGI1-.— ) NATHAN RUSSELL, Clerk.
Sew er B onds58, J&D, $12,000.......June 1,1921 Ass’d valuation, re a l__ 1,578,795
This borough is in Essex County.
Ass’d valuation, pers’l . .. 165,325
R e d em ptio n , E tc .—1890—
LOANS—
When Due. I Floating debt (addit’nal) $16,595 '
5s, J&J, $15,000........ Jan. 1,1910 Total valuation 18 9 8 ___1,744,120
4*28, F&A, $60,000...... 1902-1925 I Assess'd valuation, real. 1,375,000
Assessment is % actual value.
R efunding B ond —
($2,000
yearly
to
1915
and
$3,000 |Ass’d valuation, pers’l.. 110,500
5s, M&N, $15.000....... May 1.1910 Tax rate (per $1,000) 1898.$25-00
yearly to 1925.)
i Total valuation 1898.. .1,485,500
58, A&O.
19,800.....Oct. 1,1899 Population in 1890 w a s......2,136
Bonded
debt
Apr.
9
.
’98...$60,000
|Tax rate (perM.) 1898........ $23 00
5s, J&J
4,300.... Jan. 1,1905 Population in 1895 was (est.).2,700
Tri

c iT "
D a TVTXT
( A. H. RYAN, President.
1 W i r t A I N L xH i.— i ALONZO DURKEE, Auditor.
This township is in Essex County.
LO A N S—
When Due.
LO AN SWhen Due.
School B onds—
Street I mprovem ’ t B onds—
5% b, ........ , $1,600.........1899-1903 5s & 6s, $178,418 84... 1-10 yearly.
($300 due yearly.)
T ax A rrearage B onds —
5*as,........ . $4,500........ 1899-1901 4 1us....... $100,000.....................1899
($1,500 due yearly.)
4s, J&J, 84,000...... July 1. 1914
5 s ,........ , $16,000........1899-1902
F unding Bonds($4,000 due yearly.)
48............ $200,000...Jan. 1,1929
5 s ,........ , $5,000......... 1899-1903
(Subject to call $50.000 in 1909
($1,000 due yearly.)
and $75,000 in 1919.)
5s............ $25,500.......... 1899-1901 Bonded debt Nov. 1 ,’98.$1,113,360
($8,500 due yearly.)
Floating debt............ .
6,000
4 s ,........ $2,000.....................1899 Total debt Nov. 1, ’98.. 1,119,360
Town H all B ondsSinking fund.................
84,000
48, M&N, $30,000.......May 2 ,1 8 9 Net debt Nov. 1,1898.. 1,035,360
($1,500 due yearly) to May 2,1918 Ass’d valuation, real.. .14,034,225
Sew er B onds—
Ass’d valuation, pers’l . 1,68-,250
5s.......... $20,000............................ Total valuation 189-t.. .15,722,475
5s, var., 169,350.......... 1898-1915 Tax rate (per $1,000) ’98...$25-00
4^8, var., 66,800.........1898-1916 Population in 1890 was.......13,282
4s, var., 104,250......... 1898-1909 Population in 1897 (est.)...20,000
a

tt' t

T
A TZJTT,'T ,T-T
(W ILLIAM A. M. MACK, Mayor.
I 1 1 . — $ A. B. CARLTON, Comptroller.
This oity got into financial difficulties through making extensive
local improvements. Interest was defaulted February 1,1879, and a
compromise was finally effected with the bondholders, by which new 4
percent bonds dated July 1,1882, were issued in exchange for the
old 7 per cent bonds turned in at 50 per cent of their face value.
Elizabeth is in Union County.
LOANS —
<— Interest.— ■> ,---------- Principal.--------- >
NAME AND PURPOSE.
Rate. Payable. When Due. Outstand’g.
AcUustment bonds, 1882.......... 4 J & J July 1, 1922 $3,203,880
School bonds............................. 5
___
1899 to 1905
63,500
A sinking fund of about $75,000 per annum is applied to redemp­
tion of outstanding bonds.
IN T E REST is paid by the Mercantile Trust Company of New York.
T O T A L D EB T Etc .—Total bonded debt Feb. 1, 1899, was $3,267,380. Bonds are all exempt from city tax.
ASSESSED VALUATION — The city’ s assessed valuation and tax
rate at different periods have been as follow s:
,------------------Assessed valuation.------------------. Rate o f Tax
Tears.
Real.
Personal.
Total.
per $1,000.
1898................... $15.391,400
$1,759.700
$17.151100
$28-60
1897................. 15,119,100
1,797,200
16,916,300
28 60
1896................. 14,796,650
1,780,300
16,576,950
28'80
1895................. 14,710,750
1,744,800
16,455,550
29*80
1893................ 14,248,950
1,719,918
15,968,868
2980




G L O U C E S T E R C I T Y .This city is in Camden County.

LO AN SWhen Due.
I mprovement B onds—
4*28,___ $23,000............1899-1908
Water B onds68, ........ , $20,000....1914 to 1923
($2,000 due yearly.)
5s............ $10,000.... 1924 to 1928
($2,000 due yearly.)
5s......... ,$8,000........1929 to 1932
($2,000 due yearly.)
G LO U C ESTER

C

( JOHN BEASTON, Mayor,
ÍG . W. DICKENSHEETS»
Treasurer.

4 s ,..........$27,000....1900 to 1913
($2,000 due yearly.)
Bonded debt Feb. 1 2 ’99. $88,000
Water debt (included). . .
65,000
Tax valuation, real........ 1,554,475
Tax valuation, personal. 292,950
Total valuation 1898___ 1,847,425
Total tax (per $1,000) ’98...$18-00
Population in 1890 w as........ 6,564
Population in 1899 (est.).......6 300

O

^

-

c

o

i

r

.

County seat is Woodbury.

LOANS —
When Due. Floating debt....................... $12,000
R oad B ondsTax valuation, rea l......12,512,675
48............ $13,500.... 1899 to 1907 Tax valuation, personal 3,834,374
($1,500 yearly)
Total valuation 1898... 16, ■•147,049'
4s, M&N, $14,000 ($2,000 y’ rly)
County tax (per$l,000) ’ 98..$5-20
Interest payable in Woodbury.
Population in 1890was........28,649
Total debt May 12,1898 $49,500 Population in 1898 w as.......32,721
TA X FREE —All of the county’s bonds are exempt from taxation.
G U T T E N B E R G .— H

e r m a n W a l k e r , CbairmYi..
This town is in Hudson County.
LOANS—
When Due. \Tax valuation, real..........$812,524
R efunding B ondsTax valuation, personal. 46,025
58, A&O. $ 9 0 ,0 0 0 ....Apr. 16,1903 Total valuation 1898....... 858,549
($10,000 every 5 yrs.to Apr. 16,’13, Tax rate (per $1,000)’ 98.
14-40
and $60,000 April 16,1918.)
Population in 1890 was........ 1,947
Floating debt..................... $13,204 Population in 1898 was........ 4,500
Total debt Mar. 15,1898 ... 99,180
tt a

/-* jr- XT' \ t o

a

r^TJT

( C. E. ECKERSON, Treasurer.
A. CAMPBELL. Clerk.

This town is in Bergen County.
LOANS—
When Due.
R oad B onds58, ........ $45,000.. Feb.,1900-1908
Sew er Bonds—
4s, g., $56,000........Feb. 1,1900 to
($4,000 due yearly i Feb. 1.1913.
4s......... , $1,800............. 1899-1900
Bonded debt Mar. 4,’98.
$52,400

Floating debt.......... ......
$89,799
Total debt Mar. 4,1898
142,199
Assessed valuat’n, real. 2,453,400
Assessedvaluat'n,pers’l
329,475
Total valuation 1898 .. 2,782,875
Assesm’t about 30% actual value.
Town tax rate (perM.) ’98.. $11-00
Population 1897 (est.). .......9,000

April, 1899.

H A C K E T T S T O W N . — J. H . B e a t t y , Mayor.
This town is in Warren County.
LOANS —
When Due. |Assessed valuat’n, real.$1,003,065
Town bonds, 1902 to 1908.$15,000 I Assessed valuat’n.pers’l
317,549
Renewal water bonds.......$24,500 |Total valuation 1898... 1,320,614
($3,000 yearly)
Taxrate (per$l,000) 1898..$14-00
Const’n water b’ds, $12,000 1905-6 I Population 1890.................... 2,410
do
do
13,500.1911 I Population 1898 (est.)........... 2,800
Bonded debt April 1,1898.$69,000
A
IS O N
£ JOHN J. MULLIGAN, President.
.
1E. J. GRACE, Treasurer,
This town is in Hudson County.
LOANS
When t)ue. Bonded debt Mar. 20, ’ 98.$353,500
School B onds—
49,953
Floating d e b t..................
5s, May, $21,000....... 1898 to 1903 Total debt Mar. 20,1898. 403,453
A^s....... . 14,000............. ..... 1928 Sinking fun d...................
7,860
Street I mprovement B onds—
Net debt Mar. 20,18 9 8 .. 395,593
5s&6s, J&J, $261,80J. July 1,1911 Tax valuation, real..........3,100,235
4*28,.......
66,300.................1928 Tax valuation, personal. 294,500
F ike B onds —
Total valuation ’98 ....... 3,394,725
4^38....... . $14,000...................1928 Assessment about actual value.
Water B ondsTotal tax (per $1,000) 1898.$24-50
68, J&J, $40,000........ July 1,1916 Population in 1890 was....... 8,338
T own H all B ondsPopulation in 1896 (est.)... 10,000
58, J&J, $16,000........ July 1,1913
H O B O K E 1ST

J LAWRENCE FAGAN, Mayor.
\ FRED. KAUFMANN, Comptroller.
Hoboken is in Hudson County.
LOANS—
,— Interest.— > ,----------- -Principal.----------NAME AND PURPOSE.
Rate. Payable.
When Due.
Outstand'g,
A
City Loan. 1898. ..c 4
J & D
Deo. 1, 1918
312,000
A
Judgment, 1875
r 7
F & A
Feb. 1, 1905
$54,000
A
do 1889......... 4
J & J
July 1, 1899
30,000
A
Lthrary bonds, 1897 4 J & J
Mch 1, 1917
50,000
B&C School-house, 1887.r 4 ^ F & A
Aug. 1 , 1907
45,000
A&B
do 1890.c&r 4
J & J
July 1, 1910
100,000
A
do 18 9 7....e 4
J & J
Mch 1, 1917
90,000
A
do 1898......... 4
J & D
June 1,1918
13,000
A
Sewer bonds, 1 8 9 7 ...c 4 J & J
1917-1926
100,000
D
Water bonds, 1882
r6 A & O
Oct. 2, 1902
9,500
D
do
1 8 8 3 ....r 5
A& O
Apr. 12,1903
5,000
D
do
1 8 9 0 ....r 4 ^ M & N Nov. 1,1910
20,000
0
Engine house. 1892.r 6
M & N Nov. 1, 1902
15,000
............
Oct. I, 1917
25,000
B
do J897.r&o 4
A
Fire house, 1 8 9 2...r 4 ^ M & N Nov. 1, 1907
13,000
do
1893...r 4 12 F & A
Aug. 1, 1908
7,000
.............
Aug. 1, 1909
10,000
B
do. *
1894...r 4
D
Volunt’r b ’nty.ser.I.o 6
J & J
Jan., 1900
4,500
C
do
1>•81.c&r 5
M & N Nov. 15,1901
196,000
A
Refunding, 1899... 4
..........
1919
75,000
A
City Hall, 1880..c&r 5
M &
S Sept. 1, 1910
60,000
A
Police Dept., 1892 c 4*a M & N Nov. 1, 1912
24,000
Repaving b o n d s ................. 4
M & N May 1,1928 .
150,000
Paving bonds..................... . 4
......
1928
50,000
“ o,” coupon bonds; “ r,’ ’registered bonds.
PAR VALUE OF BONDS— A is $1,000; B is $5,000; C is $10,000
D is $500.
IN TE R EST on registered bonds is payable at the City Treasurer’ s
office. Coupons are payable by the First National Bank of Hoboken,
and interest on water bonds at Water Registrar’s office.

T O T A L D EBT, Et c -

May 2,1898. May 3,1897. May 4,1896. May 6,1895.
Total bonded debt---- $1,285,000 $1,264,000 $1,038,000 $1,042,000
37,464
36,029
8,551
1,495
Sinking funds.............
Net debt................$1,247,536 $1,227,971 $1,029,449 $1,040,505
Floating debt............. $117,421
............
*130,101
$136,667
The sinking fund receives yearly a portion of the license fees and
moneys collected from assessment after certificates are paid.
C IT Y PROPERTY— The city owns parks, public buildings, a water
system and other assets amounting to over a million dollars.
ASSESSED VALUATIO N — The city’ s assessed valuation (about
66 per cent o f the cash value) and tax rate have been as follow s:
Real
Personal
Total
Rate o f Tax
Years.
Estate.
Property. Assessed Valuation, per $1,000
1898.......... $25,513,700
$1,855,010
$27,368,720
$24-80
1897.......... 25,138,500
1,634,390
26,772,890
24-20
1 8 9 6 .......... 24,828,600
2,884,640
27,713,240
22-00
1895 ........ 22,124,400
2,242,480
24,366,880
24-20
1 8 9 0 .......... 17,275,600
1,622,862
18,898,462
24*70
1 8 8 7 .......... 15,621,100
1,491,300
17,112,400
25-36
1 8 8 0 .......... 13,575,600
1,284,447
14,860,047
21-81
POPULATION—In 1890 population was 43,648; in 1880 it was
80,999; in 1870 it was 20,297; in 1898 (est.) 55,000.
T T T T r\ ooA T

H U D SO N

61

NEW JERSEY—CITIES AND T0<

i FRANK McNALLY, Director Board of

C O . — < Freeholders.

(ED W ARD W. WOOLLEY. Go. Clerk.
This county contains the cities of Jersey City, Hoboken and Bayonne
The county seat is Jersey City.
LOANS —
When Due.
LOANS—
When Due.
A rmory Bonds—
P ublic R oad B onds—( Oon.)
4s, J&J, $3,000........ Jan. l , ’00-’02 4ias, J&J, 250,OOOc&r. J a n .l,1923
Sidew alk B onds 4 1ag,J&J, 500,000g.c&r.Jan. 1,’24
4s, A&O, $50,000.......Oct. 1, 1901 41-28, J&J, 600,000.g..o Jan. 1, ’ 25
4s, M&N, 127,000.......May 1,1902 4g, J&J, 150,000g,r. J an. 1,1926
B ridge B onds4s, A&O, 24,000 r . .. .Oct. 1,1902
58, J&J, $31,000. .c.Nov. 1,1901 4s, J&J, 48,000 o ..July 1,1903
4iflg,M&S, 100,OOOgo.Sept.l,1918 4s, A&O, 38,000 r . .. .Oct. 1,1903
4s, J&J,
106,000.r.Jan. 1,1917 4s, A&O, 38,000 r . .. .Oct. 1,1904
4s, J&J,
26,000 Jan.,1900-12 4s, M&N, 2 0 0 ,0 0 0 ....May 1,1927
L unatic A sylum B onds—
4s, g,M&S, 44,< 0 0 ....M ar. 1,1928
4^8, J&J,$100,000..r. Jan. 1,1911
P urchase B onds—
($10,000 due yearly) to Jan.l, 1920 4^8, M&N, $73,000 r..Nov. 2,1911
4s, J&J, $110,000..r.Jan. 1,1900
T a x A rrears B onds—
($10,000 due yearly) to Jan. 1, ’ 10 6s, J&J,$250,000 c&r. Jan. 1,1905
3s, J&J, $18,000..r. Jan. 1,1900 5s, J&J, 318,000 c& r.M ayl9,1901
($2,000 due yearly) to Jan. 1, ’08
War R enewal B onds—
3s, J&J,
$1,000..r. Jan. 1,1909 5s. M&S,$854,000 c&r.Sep. 1,1905
P ublic R oad B onds—
J udgment B ond—
4 1as, M&N,100,000..r.Nov. 1,1922 4s, J&J, $10,COO__ Jan. 1, 1900
4 138,J&J,500,000.. c&r. Jan. 1,1923 ($5,000 due yearly) to June 1,1901
IN TE R E S T is payable by the First National Bank, Jersey City, N.J.
T O T A L DEBTi Et c .—The bonded debt Dec. 1,1898, was $4,732,024
floating debt, *65,300: total debt, $4,797,324; sinking fund, $1,116,436;
net ciebt, $3,680,888. The net debt in 1897 was $3,591,106.
ASSESSED VALUATION and tax rate have been as follow s:
-Assessed Valuation-------------------, Tax rate
Years.
Real.
Personal.
Total
per $1,000.
1898................ $145,979,101
$12,333,782
$158,312,887
$5-48
1897................ 144,038.741
12,135,498
156,174.239
.......
1896................ 137,687,292
12,261,922
159,949,214
.........
1894................ 135,386,022
11,921,881
147,307,903
5 ‘80
1893-94.......... 130,209,003
11,382,210
141,591.212
.........
1891-92.......... 123,387,636
10,107,418
133,495,054
560




POPULATION.—The population in 1890 was 275,126; in 1880 was
187,944; in 1870 was 129,067. Population In 1898 was 359,850.
t c - r c - i r 1v
TrT l'V '
5 EDWARD HOOS, Mayor,
d B L .jn .orL I U l 1 X .— l GEORGE R. HOUGH, Comptroller.
Jersey City formerly suffered greatly from difficulty in collecting
taxes and assessments. Under the Martin Act, however, passed
some years ago b yth e Legislature, arrears o f taxes are made liens on
the property, and if not paid within three years the property can be
sold to satisfy them. The city has also succeeded in adjusting the taxes
with the railroads, and the latter now pay into the treasury about
$225,000 annually. Jersey City is in Hudson County.
LO AN S•— Interest.— . ,----------- Principal.----------,
NAME AND PURPOSE.
Rate. Payable. When Due. Outstand'g.
Armory bond s.;....1 8 9 5 ...r
4 ^ J & J 1 9 0 0 to l9 0 1
$2,000
($1,000 due yearly on Jan. 1.)
Refund, assess, b’ds, 1893.c&r 5g. M & S Sept. 1,1923
700,000
do
do
1894...c&r 5g. M & N May 1,1924
600,000
City government, 1872......r 7
J & J July 1,1913
a550,000
City Hall, 1891 .........part c&r 5
F & A Feb.l0,’0 0 to’12 130,000
($10,000 due yearly to Feb. 10,1912.)
do
1894.
1894....................... r 5g. J & J Jan. l , ’ 13to’22 200,000
($20,000 due yearly.)
do
1894.
1894................... c&r 5g. J & J .Tan. 1,1923
350,000
do
1896.
1896........................r
4
F & A 1900 to 1901
20,000
($10,000 due yearly on Jan. 1.)
do
1896.
............... r 4
F & A 1902 to 1904
30,000
(Part due yearly on Feb. 1.)
do
1897.
1897....................... r 4
F & A Feb.l,1905-’07
30.000
Refunding, 1897...........
4 1sg.M & N May 1,1927
450,000
Park,
18 9 7..................... 4g. M & N
May, 1927
100,000
City of Jersey City, 1884..c&r 6
A & O Apr. 1,1904 t l ,000,000
Fire Engine House, Police Station, etc., Bonds—
Engine house, 1 8 9 3 .......... r 413 J & J July 24,1901
8,000
do
do
1 8 9 4 .. .r 412 M & S Sept. 10,1902
8,000
do
do
1896.. .r 413 J & J Dec. 28,1903
4.000
Fire Department__ 1897...r 4
J & J June
1, 1909
12,000
Police H’d-Quar., 1890...... r 4
J & J Jan. 1,1900
s i 0,000
($5,000 due yearly Jan 1,1900, to 1902.)
Police stations, 1890..........r 413 A & O Oct. 1,1903-4
10,000
do
do
1891............ r 5
- &
- J- Jan.l
- -’99-1900
-- - -19,900
do
do
1892............ r 5
& J Jan. 1,1909
20,000
do
do
1891............ r 4*3
& J Jan. 1,1905-7
15,100
do
do
1897............ r 4
& J Feb. 15, 1910
7,500
Funding Loans to Fund—
Assessment bonds,1875.c&r 7
J & D June 1,1905
600,000
do
1876.c&r 7
J & J Jan. 1,1906
300.000
do
18 9 1....r 5
A & O Apr. 1,1916 t l ,469,000
Floating debt,
1879. c&r 6
F & A Feb. 1,1909 t l ,353,000
Maturing bonds, 1880....r 6
J & D June 1,1910
t450,000
do
do
1892.c&r 5
J & J Jan. 2,1922
t200,000
Differences, &c., 1881....r 5
A & O Apr. 1,1911
tl50,000
1899-1907,
Street ligh tin g......1 8 9 7 ....r 4
J & J
$3,800 yearly I 34,200
on July 1.
Joint outlet sew er..1 8 9 7 ....r 4
J & J
Jan. 1, 1901
96,710
Public library bonds. 1898.. c 4g. A & O
Apr. 1, 1928
150.000
Funding Loans to Fund—
Tax arrearages, 1894..........r 4*3
May 10,1899
412.000
do
1895..........r 4 ^
Jan. 1,1900
325.000
do
1897.......... r 4
Jan. 1,1903
800.000
do
1898............ 4
1900
182,000
& O Oct. 1, 1900
do
1898_______ 4
245.000
do
C. RR. of N. J .. 4
1899-1903
435,788
Improvements, 1874.......... r 7
J & J Jan. 3,1906
60,000
MorganSt.dock.1870. ..c&r 7
J & J June 8,1900
al25,000
Property purchased............r 4
_______
with
bond optional
548,443
School Bonds, including Bergen, etc., issues
Pub.sohools (Bergen),1870.r 7
J & J Jan. 1,1900
100.000
do
(Hudson),1870.r 7 J & J Apr. 2,1900
50,000
do
1897................ g 4
F & A Aug.
1927
200,000
do
1898................ 0 4g. F & A Aug. 1, 1918
100,000
Streets and Sewers Assessment Bonds—
Streets and sewers, 1892.c&r 5
J & J Jan. 2,1922 tz548,000
Water loan, 1870.............c&r 7
J & J Jan. 1,1902 a375,000
do
1 8 7 2 ...,..........o*r 7
A & O Apr. 1,1902 a800,000
do
1872................. o&r 7
M & S Sept. 1,1902 a500,000
do
1874................. c&r 7
J & J Jan. 1,1904 a250,000
do
1876..................... r 7
J & J Jan. 1,1906
a60,000
do
1876.........
r 7
M & N Nov. 1,1906
a61,000
do
1878..................... r 7
M & S Mch.26,1908
a47,000
do
1873................. o&r 7
M & N May 1,1913 a500,000
do
1877................. c&r 6
J & J July 1,1907 a255,000
do
1879................. o*r 6
F & A Feb. 1,1909
a50,000
do
1879................. o&r 6
J & J July 1,1909
a50,000
do
1883................. o&r 5
F & A Feb. 1.1913 ta525,000
do
1891................. o&r 5
A & O Apr. 1,1916 t586,000
do
1891................. c&r 5
J & D June 1,1921
350.000
do
1892.................o&r 5
J & J Jan. 2,1922 t248,000
do
1893 .............. c&r 5
J & J Jan. 2,1923 1200,000
Jan. 2,1925
do
1895..................... r 4^3 J & J
179.000
Past due, not presented for p a ym en tstreets and sewers... various 7
........
June 1,1894
1.000
Improvements....................... 7
..........
1,750
Funded debt........................... 4
......
May 1, 1897
7,000

a $1,000 each.
t Secured by special sinking fund,
s Wholly in sinking fund.
z These are assessment bonds
* Principal and interest paid by a special tax levy.
INTEREST is paid bythe Merchants’ Exoh. Nat. Bank o f New York.
T O T A L DEBT, Et c .—The city’ s total bonded debt, on Dec. 1,1898,
was $18,497,979 which amount included $4,218,000 of assessment
bonds and $5,136,000 of water bonds. The floating debt at that date
was $430,663.
Dee. 1,1898. Dec. 1,1897.
General account debt......................... $9,143,979
$8,573,244
Assessment account debt................................ 4,218,000
4,218,000
Temporary loans..............................................
430,663
829,389
799,411
749,748
Improvement certificates................
Unexpended appropriations, 1889-94........
........
362,037
Other accounts.................................................
9,000
414,681
Total liabilities (excluding water debt). .$14,601,053
$15,147,099
Cash in City Treasury........ ............................
$923,072
$679,659
Cash and bonds held in sinking funds........
2,746,793
2,001,606
Taxes due and unpaid........................ 3,734,134
3,531,432
Assessments due and unpaid........... 2,570,520
2,514,218
City property......................................
3,700,000
3,614,100
Other items.........................................
621,625
759,041
Total resources............................ $14,296,144
$13,100,056
Water debt (sinking funds not deducted)... $5,136,000
$5,136,000
SINKING FUNDS—The sinking funds, all of which are invested in
the city’ s bonds and certificates, ®n Dec. 1,1898, were as follow s:
Gash.
Securities.
Total.
General sinking funds................ $263,595
$1,994,156
$2,257,751
Water sinking funds....................
19,174
469,868
489,042
Total.

$282,769

$2,464,024

$2,746,793

BTfiTZ ANB CITY

62
ASSESSED VALUATION .—

/---------------- -Assessed Valuation.---------------- . Tax Kate
Real.
Personal.
Total, per $1,000.
1 8 3 9 ....................$82,934.859
$7,510,141
$90,445,000
$2860
1 8 9 8 .................. 82,211,740
7,167,700
89,379.440
1897 .................... 82,415.220
7,547,541
89,962,761
28-90
18 9 5 .................... 81.968,790
7.370,832
89,349,622
27-50
5,898,150
78,957,415
26-40
1 8 9 0 ................... 73,059,265
1 8 8 6 .................. 61,894,739
4,985,200
66,879,939
29-40
1 8 8 0 .................... 54,122,875
5,343,815
59,466,690
28-00
POPULATION.—In 1890 population was 163,003; in 1880 it was
120,722; in 1870 it was 82,546; in 1899 it was estimated at 200,000.
trr r A
M trv
5 WILLIAM BARDSLEY, Chairman.
AArYIN H. I .— l BURTON E. CANFIELD, Treasurer.
This township is in Hudson County.
LOANS —
When Due.
LOANS—
When Due,
School B onds—(Con.)
Street I mprovement —
5s, F&A, $25.000.... Aug. 1,1901 5s, M&N, $4 ,00 0 .... 1899 to 1902
($1,000 yearly on May 1.)
5s, F&A,
2 ,0 00 .... Aug. 1,1903
4 ,0 0 0 ....Sept. 1,1906
5s, F&A,
5 0 0 ....Aug. 1,1903 5s, M&S,
1,000....Deo. 16, 1906
5s, F&A,
7.000___
1899-1900 5s, J&D,
Sewer B onds($3.000 in 1899, $4,000 in 1900.)
5s, M&S, $5,000... .Mar. 1,1902 58, M&S, $25,000....Sept. 1,1901
5s, M&S, 7 5 ,0 0 0 ....Mar. 1,1903
F ire D epartment —
W ater B onds5s, M&S, $1,000.......May 1, 1899
5s, F&A,
8,000 . . . 1899 to 1906 68, A&O, $58,000....O ct. 1,1917
5s, A&O, 30,000___Oet. 1,1917
($1,000 annually on Aug. 1.)
5s, M&S,
2,000___Oot. 1,1917
R edemption RR. B onds—
5s, J&D, $ 9 4 ,0 0 0 ....June 1,1902 5s, A&O, 13,000..Oot. 18,’ 1 9& ’ 20
5s, J&D,
6 ,0 0 0 ....June 1,1903 5s, A&O, 11,000..Oot. 1,1919-20
5s, J&D, 4 8 ,8 0 0 ....June 1,1904 Bonded debt Mar. 1, ’ 98..$540,800
Floating debt (add’ a l).,.. 172,234
School B onds58, F&A, $4,000.... Aug. 1 ,1 89 9 Sinking fund assets........ 142,821
5s, J&D, 1,000... .Deo. 16,1900 Tax valuation, real........ 3,594,007
5s, F&A,
5 0 0 ....Feb. 1,1907 Tax valuation, personal. 395,993
5s, M&S, 12 ,00 0 .... 1899 to 1901 Total valuation 1898___ 3,990,000
Tax rate (per $1,000) ’9 8 ... 28-50
($4,000 yearly on Sept. 1.)
5s, J&D, $12.000.... 1899 to 1904 Population in 1890 was...... 7,064
($2,000 yearly on June 1.)
Populat’n ’95 (State census) .10,467
5s, J&D, $2,000.... June 1,1906 |
IN TE R E S T on the redemption bonds is payable by the Central
Trust Company, New York: on the street improvement bonds by the
National Newark Banking Company; on the sewer bonds due Sept. 1,
1901, and on $5,000 due annually at the German National Bank; on
all others at the Essex County National Bank.

L O N G B R A N C H . — Long Branch is in Monmouth County.
Bond. debt.May 1, ’98
$89,000 Total valuation 1897..$10,549,290
Floating d e b t.............
53,932 Tax rate (per $1 ,00 0 )’98.
20-50
Total debt May 1, ’98.
142,932 Populatien in 1890 w as.........7,231
Tax valuation, rea l... 9,579,050 Population in 1880 w as.........3,833
Tax valuation, person’l.
970,240
M A D I S O N . — J. B a k e r , Chairman Finance Com.
This borough is in Morris County.
LOANS—
When Due.
E lectric -Light B onds—
Subject to call 15 years prior to
maturity.
5s, A&O, $15,000 .....J a n . 1,1911
5s, A&O,
5 ,0 0 0 .......Oot. 1, 1911
5s, A&O, 15,000.......Apr. 1,1913
R oad B onds—
413s, F&A, $31,000...1899 to 1909
($2,000 due yearly.)
School Bonds—
5 s....... . $15,000............. 1917-1931

Bonds are tax exempt.
Water B onds—
Subject to call 20 years before
maturity.
5s, A&O, $60,000......... Aug., 1920
5s, A&O, 10,000......... Oot., 1921
5s, A&O, 10,000........Apr. 1,1923
Total debt in Mar., 1898. $163,000
Assessed valuat’n, real.$l,767,245
Assessed valuat’n, pers.
335,500
Total valuation 1898... 2,102,745
Assessment is Lj actual value.
Total tax (per $1,000) ’ 98...$22-65
Population in 1890 was.......2,469
IN TE R E S T is payable at the First National Bank o f Madison

M E R C E R
LOANS—

C O . — County seat is Trenton.

When Due.
B ridge B onds—
5s,
, $1 0,000... .Feb. 1,1899
(Part due yr’ly) to Feb. 1,1909
R oad I mpt . B onds—
4s, ........ . $S0,0 0 0 ...Dec. 1,1899
($10,000 due yearly) to Deo. 1, ’06
Deficiency B onds—
4 s , ........ $25,000........ June 8.1903
Bonded debt May 10, ’98.$215,000

Floating d e b t .............. $380,500
Total debt May 10, ’98.
595,500
Sinking fund..................
343,550
Net debt May 10,1898.
251,950
Assessed valuat’n, real 35,681,274
Assessed valuaiion.per.10,381,455
Total valuation 1898.. .46,062,729
Tax rate (per $1,000) 1898.. .$6-90
Population 1890 was.......... 79,978
Population in 1898 w as
88,868

<JAMES M. PARSONS, Director.
C O . - I DAVID SERVISS, Collector.
County seat is New Brunswick.
LOANS—
When Due.
LO A N S When Due.
B ridge B onds—
4s, J&J, $10,000..Jan. 1 , 1908-’09
7s, A&O, $2,100 .Apr. 1,1900-’01 Bonded debt May 10, ’ 98 $139,150
4, J&J, $40,000........... Jan. 1,1900 Floating debt.................... 45,500
($10,000 due ye’ly) to Jan., 1903 Total debt May 10,1898 184,650
R enewal B onds—
Total valuation 1898.. .29,127,346
4s, J&J, $35,500..Jan., 1900 1902 State school tax (per $1,000) .$2-80
4s, J&J, 10,000. .Jan. 1 , 1910-’ l l County tax (per $1,000) ’98.. 7-20
4s, J&J, 20,000....
1904-1907 Population 1890 was..........61,754
($5,000 due yearly on Jan. 1.)
Population 1898.................. 75,038
IN TER EST is payable at the Co. Collector’s office, New Brunswick
T A X FREE.— A ll bonds issued by this county are tax exempt.

M ID D L E S E X

iv/r /—n r-p/—<r a t t d
5 JOHN H. PARSONS, Chairman.
IV1W1N 1 U L j A i n . . — (SILAS STUART, Treasurer.
This town is situated in Essex County.
LOANS—
When Due.
LOANS—
When D u e
R ailroad Bonds—
School Bonds—(Con.)
5s, M&N,$110,000.... 1899-1909 4s, g., M&S, $36,000, g..1900-1911
($10,000 due yearly on Nov. 1.)
($3,000 due yearly on Sept. 1.)
5s, M&N, $135,000........1910-1918
School Mortgages—
5s, var., $28,500...............................
($15,000 due yearly on Nov. 1.)
School Bonds
Sew er B onds—
5s, J&J, $3,000.............. 1899-1901 5«, M&N,$150,000....May 1,1913
($1,000 due yearly on July 1.)
4s, J&D, $60,000... June 1,1905
5s, J&J, $112,000...... July 1,1902 Bonded debt Feb. 1,1899.$674,500
f s, F&A,
500 ....A u g . 1,1899 Floating debt (addit’l) ..
17,500
5s, F&A, $2,000............. 1900-1901 Tax valuation, real........ 7,223,100
($1,000 due yearly on Aug. 1.)
Tax valuation, personal. 967,300
5s, M&N, $26,500.......... 1899-1921 Total valuation 1898__ 8,190,4 00
(Part due yearly.)
Assessment about actual value.
5s, F&A, $2,000............. 1899-1900 Tax rate (per $1,000) 1898.$32-40
($1,000 due yearly on Aug. 1.)
Population in 1890 was___ 8,656
4s, g., M&S, $9,000, g.Sep. 1,1899 Population in 1899 (est.) ..12,000
IN TE R E S T on the railroad bonds is payable at the office of the
Mutual Benefit Life Insurance Co., Newark, N. J.; on the $150,000 of
sewer bonds at the National Shoe & Leather Bank of New York City;
on all other issues at the Bank of Montclair, Montclair, N. J.

TA X FREE.— All bonds are exempt from taxation.




Yol. L X Y III
N E P T U N E T O W N S H I P S C H O O L D IS ­
T R I C T . — 3ituated in Neptune Township, Monmouth Co.
Total valuation 1896.. .$2,582,609
LO ANS-

$97,800
School bonds, 5s...........
Road bonds, 5s.............
11,252
Bonded debt Aug. 1, ’97
97,052
Assessed valuation,real 2,469,049
Assess valúa , personal
113,560

Assessment about 23 a etui value.
Tp.tax rate (per $1,000)*96 .$19-70
School tax (per $1,000) ’96. 4-09
Population 1897 (est.).......... 8,000

N E W A R K . — J o h n S . G i b s o n , Comptroller.
Newark is situated in Essex County.
LOANS—
/— Interest.— , ,—— — Principal,When Due Outstand'g.
Bate. Payable,
NAME OR PURPOSE.
Annexation.................. ...1 88 6 4
M & S Mch. 1, 1906 $126,000
1923 1.500.000
City improvement refunding.. 4
M & S Mch.,
City ta x ........................ ...1 88 6 4
M & s Mch. 1, 1906
158.000
F & A Aug. 1, 1908
Corporate..................... ...1878 6
700.000
do
................... ...1 88 0 5
J & D June 1, 1910
500.000
620.000
Intercepting sewer___ ...1888 4
A & O Apr. 1Ó, 1908
School bonds................
4
1899-1900
101,000
do
do (high)___ ....1897 3-35
1917
200,000
do
do
...... ....1898 4
100,000
Sewer.................................1879 6
M & S Mch. 1, 1909
180.000
do ............. ............ ...1^93 4
M & 8 Mch. 1, 1907
30.000
270.000
M & S Mch. 1, 1909
Street improvement... ...1879 6
M & N May 10,1906
500.000
do
do and sewer.1886 4
Street opening.............
4
1915
1915
100.000
1900
28.000
Tax arrearage............. ...1890 41« J & J
do
............ ...1889 4
J & J July 1, 1899
51.000
do
............ ...1891 4
1901
34.000
do
........... ...1892 4
1902
33.000
do
............ ...1893 4
1903
31.000
do
............ ...1894
1904
53.000
do
............ ...1895
1905
66.000
do
..........
1906
66,000
1896
do
............ ...1897
1907
86,000
do
............ ...1898
88,000
1908
Public Library............. ..1897 i
J & J June 1, 1927
300.000
Water d e b t..................
7
F & A Aug. 1, 1906
50.000
do
................... ....1875 7
M & N May 1, 1905
500.000
................... ....1879 5
do
M & N May 1, 1909
100.000
1911
do
.................. .....1891 5
70.000
do
.......... ........ ....1885 41« M & N May 1, 1915
215,000
do
.......................1888 4 1« M & H Mch. 6, 1918
20.000
do
.................. .....1888 4
J & D Dec. 2, 1908
20,000
.................. ....1890 4
J & D
1910
20,000
do
M & N May 1, 1914
do
.................. ....1884 4
30.000
M & N May 1, 1916
do
.......................1886 4
12.000
do
.......................1887 4
A & O Apr. 1, 1917
15.000
.......................1892 4
do
F & A Fêb. 1, 1922 6.450.000
....1892 4
1912
20.000
....1893 4
1913
55.000
....1895 4
1915
40.000
do
................... ...1896
1916
40.000
do
.................. ....1897 4
1927
100,000
1911
M a rk et........................ ...1891 4
335,000
IN TER ES T is payable at ottiee of City Treasurer and at local banks.
TA X FREE.— The city’ s bonds are all exempt from taxation.

T O T A L D EBT, SINKING FUNDS, Etc —
Deo. 1,1898. Jan. 1,1898. Jan. 1.1897.
Tot. bond, debt (incl.water dbt.)$14,113,000 $14,086,000 $13,773,000
Sinking funds............................. 3,345,039
3,028,225
2,784,653
Net bonded debt.................. $10,677,961 $11,057,775 $10,988,347
Water debt (included above).. $7,757,000 $7,757,000
$7,757,000
Temporary loans (additional).......................
$738,000
$932,000
The sinking fund receives each year an amount equal to about 3 per
cent of the bonds outstanding.
Temporary loan bonds are only issued against suoh assets as unpaid
taxes of the last two years which are not applied to the payment of
tax-arrearage bonds, and unpaid assesments for street paving and
sewer improvements.
DEBT LIMITATION.—The city’ s debt is limited by law to 15 per
cent of the total valuation.
ASSESSED VALUATION.—Property is assessed at about 70 per
cent of actual value:
Total
Total
Real
Personal
Assessed
Tax per
Tears.
Estate.
Property.
Valuation.
$1,000.
1898...............$111,979.904
$27,798,994
$139,778,898
$21-00
1897............... 111,273,650
27,275,414
138,549,064
19 80
1896................. 108,872,790
26,130,716
133,483,311
19*60
1895................. 106,012,950
25,587,787
*130,085,787.
19 8 0
88,729,905
25,265,475
113,995,425
18 20
1890...............
1880.......... v ..
65,733,315
17,631,095
83,364,410
........
* Less indebtedness sworn off.
POPULATION.—In 1890 population was 181,830; in 1880 it was
136,508; in 1895, according to the State census, it was 215,807.

N E W

B R U N S W I C K . - ] J,' b ! s^ rkj ^ P

This City is situated in Middlesex
LO AN SWhen Due.
R evenue B onds48, M&N, $ 1 8 ,0 0 0 ....-----------------Sinking F und B onds68, M&S, $11,000..Sept. 1,1902-3
6s, M&S, 41,000.. 1901, ’02 & ’03
6s, J&J, 141,500.. 1905 & 1906
5s, M&S, 22,000..Sept. 1,1901-2
5s, M&S, 25,000..Sept. 1,1902-3
5s, J&J,
15,000 Jan. 1,1905-6
413s, M&N, 12,000..May 1,1907-8
4*28, A&O, 9 5 ,0 0 0 ....Oct. 1,1919
413s,
65,000.........................
4s............ . 10,000.........................
4s, M&N,’ 6 5,000.... 1907 & 1908
4s, M&S, '1 0 ,0 0 0 ..Mar., 1907-8
3s, M&N, *10,000..Nov. 1,1908-9
3s, M&S. *40,OOO..Sept. 1,1917-18
4s, M&N, 6 2 ,0 0 0 ....Nov. 1, 1923
Street and Sew er B onds78, M&N, $7,300................... 1899
6s, M&N, 229,000....1898 & 1899

County.

r i c k ? TT.’

LOANS—
When Due.
Street & Sew er B onds—(Con.)
6s, M&N, $30,000..1899 & 1900
6s, M&N, 19,500.. 1900 & 1901
6s, M&N, 18,500.. 1901 & 1902
6s, M&N, 24,000. .1902 & 1903
6s, M&N, 37,000.. 1903 & 1904
6s, M&N,
500. .1904 & 1905
6s, M&N,
4,500..1905 & 1906
6s, M&N,
1,000. .1906 & 1907
6s, M&N, 11,500..1907 & 1908
Water B onds—
7s, M&N, $50,000..Mch. 1,1903-4
7s, M&N,
8 ,5 0 0 .........Nov. ,1899
($5,000 due yearly) to Nov. 1,1900
7s, M&N, 10,000 .. .Nov. 1,1899
R efunding B onds48, M&N, $151,000....May 1,1922
413s, M&N, 6 8 ,00 0 ....Nov. 1,1926
48, M&N, 110,000___May 1, 19sm3
313s, .T&J, 22,000
Jan. 1,1924
3138, M&S, 4 8 ,0 0 0 ....Mar. 1,1924

* The bond issues marked thus (*) are all held by the sinking fund.
TA X FREE.—The city’s bonds are exempt from taxation.
INTEREST on all bonds payable at the National Bank o f New
Jersey, New Brunswick, where principal will be payable at maturily.

April, 1899,

NEW JERSEY—CITIES ¿N& TOWNS

T O T A L DEBT, SINKING FUND, E T C .m
A p r . 1,1899. A pr. 1,1 898 . A p r. 1 ,1 8 9 7 .
T otal m unicipal d ebt....................... $1,286,400 $1,293,600 $1,570,600
Sinking funds and cash a s s e ts ....
268,440
225,230
4 4 1 ,9 9 4
N et d eb t...................................... $1,017,960 $1,068,370 $1,128,606
132,500
190,500
w a te r debt,included a b ove...............................
F loatin g debt (included a b o v e )...
30,900
6,500
9,500
C IT Y P R O P E R T Y .—The city ow ns p ublic buildings, steam fire
engines, etc., and w ater w orks w hich co st $493,000. Tne gross earn­
in g s from the w ater-w orks fo r 1893 w ere $61,676, in clu d in g rental
o f fire h y d ran ts; the construction and expen se accou n t w as $17,400.
ASSESSED V AL U A T IO N .—The city’ s assessed valuation and tax
rate have been as follows:
T ea r.

P erso n a l
P ro p erty .

B ea l
E state.

Total A ssessed
V a lu a tio n .

B a te o f Tax
p e r $1,000.

1 8 9 8 .............$8,319,286
$1,981,956
$10,301,241
$24-00
2,042,375
1 8 97............. 8,574,176
10,616,551
2600
2.105.000
1 8 9 5 ............ 8,120,000
10.225.000
26-00
1890............. 7,900,000
2.150.000
10.050.000
24-60
1886............. 4,062,455
1,325,850
5,388,305
41-40
1880............. 4.173,000
1.243.000
5,416.000
35-81
P O P U L A T IO N .—In 1890 p opulation w as 18 ,603 ; in 1880 it was
a.7,166 ; in 1870 it w as 15,058 ; P olice census, 1894, 20,338.

n o
A\TPT7
5 h e n r y STET80N , M ayor.
W n A i N O r J i,. — c. G. W ILLIAM S, C ollector.
Orange is situated in E ssex County. None o f the city ’ s bonds can be
retired before maturity.
LOANS—
W h e n D u e.
LOANS—
W h en Due.

l

P oor H ouse B onds—

5s, J&D, $2,000.......... Deo. 1 ,1 8 9 9
i$ l,0 0 0 due yearly) to Deo. 1 ,1 9 0 0

School H ouse B onds-

5 8 ,........ $1 ,800.......................1903
5 s......... . 8,000............. 1900-1901
5s, J&D,
3 ,0 0 0 ..... Dec. 1 ,1 9 0 2
5s, J&D,
5,0 00..... Dec. 1 ,1 9 0 3
4 H }S ,....
40 ,000..... 1900 to 1907
($5,000 due yearly.)
4*28, J& J, $ 6 0,00 0...1 913 to 1918
($10,000 y early on Ju ly 1.)

Sew er B onds—(Con.)—

5s, J&J, $3 0,00 0.........Jan. 1 ,1 9 0 4
($5,000 due y ’rly) to Jan. 1 ,1 9 0 9
5s, J&J, $ 1 6 ,0 0 0 ...Jan. 1,1910-11
5s, J&J, $ 2 0 ,0 0 0 .. .Jan. 1,1913-14
5s, J&J, 60,000......... Jan. 1, 1915

($15,000 due y ’rly) to Jan. 1,1918

5s, J&J, $8 0,00 0.........Jan. 1 ,1 9 1 9
($20,000 due y ’rly) to Jan. 1,1922
5s, J&J, $50,000.........Jan. 1 ,1 9 2 3
($5,000 due y ’rly) to Jan. 1 ,1 9 3 2
4128........ . $ 1 2 5 ,0 0 0 .. .1915 to 1921
4igs, . . . . , 1 5 0 ,0 0 0 ... 1 9 0 4 to 1914

6 3

This c ity is in Passaic County.
LOANS—
When Due.

LOANS—

City H all B onds-

58, M&N, $ 1 1 5 ,0 0 0 ..M ay,’ 97 -1907
5s, A&O, 155,000.......p art yearly
412s, M&N,12 0,00 0.............. ..............
4s, J&J, 10 0,00 0.............. ..............

Sew er B onds-

68, J&D, $ 3 ,0 0 0 .........................1902
5s, J& D , 1 6 ,0 0 0 ...............
1902
5s, M&S, 30 ,000.........................1902
4 s , ........, 18,000
1913

School B onds—

7s,
7s,
5s,
5s,

J& D , $7,000......................... 1900
J& D , 20,000..........1901 to 1904
J& J, 50,000.......................... 1907
F&A, 50 ,0 0 0 .......... A ug. 1 ,1 9 0 8
412s, A&O, 25 ,000....... Oet. 1 ,1 9 1 0
4ias, A&O, 25 ,000....... Oet. 1 ,1 9 1 1
4s, A & O ,5 0 .0 0 0 ............. 1913-15
($25,000 on A p ril 1.)
48, . . . . , $ 1 5,00 0...........
1918

Street I mp. Bonds—

4 s , .......$97,000............ Ju ly 1 ,1 9 0 8

Funded D ebt -

6s, J& D, $ 1 0 ,0 0 0 .......1899 to 1900

War B ounty bonds—

7s, J&D, $42,500....... 1899 to 1900
($21,000 yearly.)

R enewal B onds-

When Due.

68, M&N, $ 3 0 ,0 0 0 ........ 1901
6s, F& A , 6 0 ,0 0 0 ... .19 03 to 1904
6s. J&D, 20 ,000.......... 1905
6s, M&S, 1 4 ,500..........1903
5s, A&O,
9 ,5 0 0 ...............................
4s, J& D , 2 3 ,000...............................
412 s, J& D, 47 ,0 0 0 ......................1904
1906
4*28, J&D, 58 .000.......
4*28, J&D, 42 ,000...................... 1906
5s, J&D, 41,000......... 1907
4s, J& D , 30 0,000___ 1908 to 1916
4s, J&D, 3 2 ,400....... 1909 to 1911
4s, J&D, 34 ,500.......... 1913
4s, J&D, 8 5 ,0 0 0 ..........1914
4^ 28,...., 5 9 .000.......................1917
4s, . . . . , 20 ,000...................... 1908

Sew er Appropriations —

4s, J&D. $65,500....... 1900 to 1905
4128. J&D, 36 ,000.........
1909
5s, J&D, 67,000...............................
5s. M&N, 14 ,000...............................

P ark B onds—

4s,
4s,
5s,
5s,

A&O, $ 1 2 5 ,0 0 0 ..-1 9 0 8 to 1921
J&D,
20,000............. .. 1921
J&D,
15,000................... 1901
J&D,
15,000................... 1911

PAR VALUE OF BONDS—M ost o f the bonds are fo r $500 each.
INTEREST is payable at the City Treasurer’s office.
TOTAL D E B T M a r . 18,’98 M a r . 20,’96. M a r . 20,’95; M a r . 20,’ 94.
T otal bonded debt.......$2,548,000 $2,551,000 $1,861,500 $1 ,532,000
B ills payable, certifi­
cates, & o...................
623,898
416,572
929,114
942,305

T otal d ebt..............$3,171,898

$2,967,572

$2,790,614 $2,474,305

FREEDOM FROM T A X A T IO N —The city taxes none o f its bonds.

Sew er B ondsASSESSED VALUATION—The city ’ s assessed valuation (about
68, »....... , $57,000.1929 to 1933
Ta x and A ssessment A rrears — three-fourths o f the cash value) and ta x rate have been as fo llo w s :
5s, J&D,
5,0 00.June 1 ,1 9 2 2 4L j& 5 s, . . . . , $ 1 02,0 00.-189 9 1908
B ea l
4*28, M&N, 1 2 1 ,0 0 0 .... 1898 1899 4i2&5s.........
P erso n a l
Total
34,400..1899-1908
B a te o f T a x
Tears.
5s, J&D, 250,000. June 1 ,1 9 2 3
E state.
Water B ondsP ro p erty .
A ssessed Val.
p er $1,000.
1 8 9 8 .... ..$ 37,9 34,6 77
($25,000 due yly) to June 1 ,1 9 3 2 58, A&O, 34 4,00 0....... Oct. 1 ,1 9 1 2
$7,445,959
$45,380,636
$25-00
1
8
9
7
....
.
.
37,223,438
7,207,981
44,431,419
" 25-00
INTEREST is payable at the United States N ational Bank, N. Y ., or
1 8 9 6 .... .. 36.320,148
7,243,536
43,563,684
25 00
a t the Orange N ational Bank or Second N ational bank o f Orange.
1 8 9 5 .... .. 33,383,259
6,837,093
40,220,352
25-00
T O T A L DEBT, Et c 1 8 9 0 .... . . 23,981,681
4,947,009
28,928,690
25 00
M a y l 6 , 1898 M ay 1 ,1 897 . M a y l3 ,’ 96. M ar., 1895. 1 8 8 0 .... .. 16,348,608
3,544,517
19,893,125
21-10
Total m unicipal d e b t.$1,515,200 $1,571,000 $ 1 , 6 1 8 ,8 0 0 $1,537,800
P O P U L A T IO N —In 1890 p opulation w as 7 8 ,3 4 7 ; in 1880 it w as
Sinking funds and
other assets.............
349,038
128,759
92,674
120,975 51,031 ; in 1870 it w as 33,579 ; in 1895 it w as 97,344.
Net d e b t ..................$1,166,162 $1,442,241 $1,526,126 $1,416,825 p r D T U
A M R H V
5 JA M E 8 L. COMPTON, M ayor.
W ater debt (included
x ^
X .— (G A R R E T B R O D H E A D , Treas.
a b o v e )......................... $344,000
$344,000
$354,000
..........
This city is in M iddlesex Countv.
F loatin g debt................
20,000
$20,000
$30,000
LOANS—
I B onded debt Mar. 18, ’ 98.$526.000
T he sinking fund receives yearly about $24,000, raised b y taxation
School B onds—
I Water debt (included)___ 305,000
and from the water-works and other sources. The available assets con ­ 4s, g., M&S, $25,000..Sept. 1 ,1 9 1 8 I T ax valuation, r e a l.........3,418,680
sist o f unpaid taxes ($110,105;, assessments in arrears ($113,818),
P aving Bonds—
|Tax valuation, personal. 227,900
and cash in treasury ($101 67) and sinking fund o f $114,948.
4s, g, $ 2 ,0 0 0 .............. ............... 1908 I T otal valuation 1 8 9 8 ....3 ,6 4 6 ,5 8 0
R efunding W ater B onds—
I Total tax (per$l,000) ’98....$24-90
C IT Y PR OPER TY is valued at $2,415,000.
4*28, $1 7,00 0................... Jan., 1929 1P opulation in 1890 w a s........ 9,512
ASSESSED VALU A TIO N .—The city ’ s assessed valuation (about School b on d s....................... $54,900 P opulation in 1 8 8 0 w a s....... 4,808
one-half o f the cash value) and ta x rate fo r a series o f years have been Assessm ent bonds, e t c ... 198,000 I P opulation in 1897 (est.).. -15,000
as fo llo w s :
P er so n a l

In d ebted n ess Total A ssessed Tax B ate

T ea rs.
B ea l Estate.
P r o p erty , to be deducted. V a lu a tion . p e r$ l,0 0 0
18 98......... $-,9 6 7 ,5 4 0
$976,179
$76,385
$9,943,719
$25-00
1 8 97......... 8,816,810
1,020,637
.............
9,837,447
2500
1 8 9 5 ......... 7,630,600
794,400
.............
8.425.000
28-80
1 8 9 0 ......... 5,950,000
782,000
137,920
6.732.000
27-00
1 8 8 7 ......... 4,917,300
732,700
92,050
5.650.000
27-40
1 8 8 0 ......... 3,919,700
529,100
.............
............
2100
P O P U L A T IO N .—The estim ated population in 1898 w as 25,000:
in 1890 it was 18 ,844 ; in 1880 it w as 13 ,207; in 1870 it was 9,318.

P A S S A I C .—

D R E W M cL E A N , M ayor.
{ AR.NB.
T IN D A LL , Clerk.

This city is in the county of the ss me name.
LOANS—
When Due.
Sewer B onds—
Cit y B onds..s.......... . $ 6 0 ,0 0 0 .. ..........................
58, J&D, $21 ,0 00 ..J u n el,9 9 ’ 19
Street I mp. B onds —
5s, J&J,
2 3 ,5 0 0 ..Jan. 2, 1902 4*28, . . . . , $5 0,00 0........... 1913-1917
5s........... .
16,000......... 1895-1914 ($5,000 yearly to Ju ly 1 ,1 9 1 3 , and
5s, . . . . ,
11,500....................1918
1914, $10,000 in 1915, $15,000
5s, ___ ,
25,OOO.Nov., 1900-’24
in 1916 and 1917.)
4 * 2 8 ,....,
7,500....................1906
T a x B onds—
5s, . . . . , 3 0 ,0 0 0 ....1 9 0 0 to 1911 . . s , .........$1 7,00 0.................................
($2,500 yearly on Mar. 1.)
B onded debt Jan. 1, ’99 . $502,418
5s, J&D, $5,000.........Sept. 1,19 0 4 F loatin g d eb t................... 220,019
P ublic I mprovements —
T otal debt Jan. 1 ,1 8 9 9 .. 722,437
5 s , ....... $70,000............. 1899 1912
Sinking fu nd and c a s h ... 177,035
P ublic P ar k B ondsN etd eb t Jan. 1, 1 8 9 9 .... 545,402
58, J&J, $33,000...................... 1905 T a x valuation, re a l.........7,323,430
($3,000 due yearly) to 1915 T ax valuation, p erson a l.1,062,523
School H ouse B onds—
T otal valuation 1898___ 8,385,953
5s, J&J, $12,000........ 1896 to 1906
A ssessm ent is % actual value.
4^28, J&D, 3 5 ,0 0 0 .... 1913 to 1917 T otal ta x (per $1,000) ’ 9 8 .. .$27-80
($7,000 yearly on Deo. 1.
Population in 1890 w a s ..... 13,028
5s,
$9,000................1912 P opu lation in 1880 w as....... 6,532
5s............ . 1 7 ,0 0 0 ..........1899-1915 P opu lation in 1899 w as.......22,000
413s , ........ 4 6 ,0 0 0 ........ 1899-1914
4*28, J&D, 22,000....... Nov., ’16-17
INTEREST is payable at Passaii N ational Bank, Passaic, N. J.
A T/''* P O
5 A . B. P E A R C E , Clerk.
L U . — ( p . H. SHIELDS, C ollect or.
County seat is Paterson.
LOANS—
W h e n D u e.
R ebuilding B ridge B ondsB ridge B onds—
58, M&S, $24,000 ....................1905
5s, A&O, $1 3,00 0....... Oct. 1 ,1 9 0 5 5s, M&S, 4 0 ,0 0 0 ....................... 1906
R oad B onds—
Interest is p a y a b le in Paterson.
5s, M&N, $40,000.....M ay 1 ,1 8 9 9 T otal debt Sept. 1, ’9 8 .. $362,000
5s, F& A, 20,000.......Feb. 1 ,1 9 0 0 T ax valuation, real....... 51,671,534
5s, M&S, 30,000 M ar.l,190 0-’01 T ax valuation, personal 9,086,097
5s. M&N, 25 ,000...................1 9 0 1 T otal valuation 18 98....60.757,631
Court H ou - e Bonds—
A ssessm ent about *3 actual value.
4s, J& J. $ 1 00,0 00... Jan. 1, ’02-’03 P opulation in 1 8 9 0 w a s___ 105,046
4s, F& A, $ 1 0 0 ,0 0 0 ..Feb. 1 , ’08-’ 09 P opulation in 1898 w a s .. .150,087
]—1 a o c

p u r iT

t TPC T3TTT3
5 B. C. FROST, M ayor.
T - O - D U -TALx.— ( F R A N K K N E E D L E R. Clerk.
This tow n is in W arren County.
Street and Sew er Bonds—
I Total valuation 1 8 9 8 .. .$3,966,435
4s, A&O, $60,000........ Oct. 3 ,1 9 1 7 I Assessm ent about % actual value.
4s, A&O,
9,500........ 1906 & 1914 I T ax rate (per $1,000) ’9 8 ...$ 1 8 00
T otal debt M ay 1, 1898 ..$ 104,075 Population in 1890 w a s.........8,644
T ax valuation, rea l___ 3,108,700 Population 1898 (est’d )....... 10,500
T ax valuation, personal
8 i 7,735 |

P L A I N F I E L D . — G eo . W . R ockfellow , Mayor.
This city is in U nion County.
Sewer 4s,1899-1927.........$120,000 I T otal valuation 18 98...$8,1 47,0 00
26,900 |A ssessm ent about *2 actual value.
Floating debt.....................
T otal debt Jan. 1,|1898.. 146,900 Total ta x (per $1,000) ’ 9 8 ...$ 2 4 -2 0
Assessed valu a tion .........6,615,100 |P opulation in 1890 w a s.......11,267
Assessed valuation....... 1,531,900 |Population in 1895 w as...... 13.629

T3

a V
J CHAS. B. HOLMES, M ayor.
V V A I . — (R . V A N D E R H O V E N , Treasurer.
This city, o f U nion County, was declared bankrupt in 1882, and a com
prom ise o f the debt exclu sive o f the w ater debt ($185,000) w as forth ­
with agreed to w ith m ost o f the leading creditors at 35 cents on the
dollar, the debt, exclu sive o f water debt, then am ounting to about
$1,200,000. This settlem ent w as com pleted in 1894, and interest is
n ow paid prom p tly on the new bonds. The w ater bonds w ere renewed
in 1891 at 4 per cent, an agreement having been m ade in 1890 b y w h ich
all accrued Interest at 7 per cent was adjusted at the 35 per cent rate.
Interest on the w ater bonds is also prom p tly paid.
W ater debt ad d ition a l.. $185,000
LOANS—
W h en D u e.
A djustment B onds 1882—
Assessed valu a tion ....... 2,816,450
4s, M&N, $ 5 8 9 ,4 0 7 ...N ov. 1 ,1 9 2 2 Assessed valu a tion .......
385,125
Subject to call at any time.
T otal valu a tion 1 8 9 8 ... 3,201.575
School Bonds—
T otal ta x (per $1,000) ’ 98 . .$27-90
4*28, J& J, $ 3 5 ,0 0 0 ...Mar. 1 ,1 9 1 8 P opulation in 1890 w a s..........7,105
Water B onds R enewed ----P opulation in 1880 w a s ......... 6,455
4s, J&J, $185,000.
Ju ly 1 ,1 9 3 2 P opulation in 1895 w a s......... 7,945
T otal debt Ju ly 1 ,1 8 9 8 .. .$624,407
Interest payable at M ercantile T rust Co., N ew Y ork City.
A ll bonds are exem p t from taxation w hen held in N ew Jersey.
a

x_r \~ K T

tT A 3 0 A J . 0




R E D B A N K . . — E. 0 . D a v is , Chief Commissioner.
This tow n is in M onm outh County.
LOANS—
W h n D u e. I Assesseed valu a t’n ’ 98.$2,784,645
I T ax rate (per M.) ’9 8 ............... 5-50
5 s , ........., $6 0,00 0...............
1914 j P opulation in 1890 w a s ...... 4,145
4 s , .......... 25 ,000...............
1919 P opu lation in 1898 (est.)___6,000
B onded debt Jan. 1,’9 9 ___ $85,000 |

W ater -W orks B onds—

D T T T U C D 'n 'n D 'n
5 E D W A R D j . TURNER, M ayor
1 x x x L x Y r 1 U n U . — (J O S E P H W. BURGESS, Clerk.
Is in B ergen County. The bon ds are exem pt from taxation

STATE m Ö CITY SUffiEMEWT.

04
LOANS—

R oad

and

W h en D u e.

Sew er B onds—

4^28, J& J, $ 7 5 ,0 0 0 ....Ju ly 1 ,1 9 2 2
B onded debt Feb. 1 , ’9 9 .. $75,000
F loating d e b t...................
73,922
T otal debt Feb. 1 ,1 8 9 9 .. 148,92

T a x valuation, rea l___ .$3,021,684
T ax valuation, personal. 330,291
T otal valuation 1 8 9 8 .. .3,951,975
Assessm ent about
actual value.
T otal ta x (per $1,000) ’98 ..$18*60
Population in 1890 w a s......... 2,293

INT E REST is p ayable in g old at the N at Bank o f the R epublic, N.Y.

SA D D L E

R I V E R . — 0 . E. M a r t in , Chairman
• This tow nship is in B ergen County.
Bonds are exem p t from taxation.
W h en D u e .
LOANS
H ighway Bonds—
$4,200
Sinking fu n d ....................
5s, F&A, $90,000. Aug. ’ 98 to 1923 N et debt Feb. 19. 18 98.
90,513
939,235
B onded debt Feb.19, ’ 98 $90,000 T a * valuation 18 98.......
F loatin g d e b t .................
4,713 T otal ta x (per M .)’ 9 8 ..
$27*90
T otal debt Feb 1 9 ,’ 98 .
94,713 P opulation in 1890 w a s .........2,197
INTEREST at P eople’ sB a n k & Trust Oo., Passaic, N. J.
SO M E R SE T

LOGAN, Director.
[ E. B. ALLEN , Treasurer.
County seat is Som erville.
LOANS—
W h en D u e. T ax valuation, rea l___$15 ,927,980
T ax valuation, person’l. 5 663,847
County Notes.
5s, v ar.......$8 3,30 5___ On dem and T otal valuation 1 8 9 8 .. .21 ,591,827
<:ouuty and school ta x ’98 ...$5*20
Surplus R evenue .
6s, Sept.
..$ 4 7 ,1 1 8 ........ On call. P opulation in 1898 w a s ... .31,737
T otal debt M ay 1 1 ,’ 98. $130,423 P opulation in 1890 w a s ... .28,311
INTEREST p ayable at County C ollector’ s office.
; E. Y. CONNETT, Pres.

S O U T H O R A N G E . — ; T. G. CONWAY, Treas.
This village is in E ssex County.
_L O A N■S W h en D u e.

F loating debt.....................
$2,656
T ota l debt A pr. 1 ,1 8 9 8 ..
94,656
T a x valuation, real.........3,876,700
Sew er B ondsT ax valuation, personal. 449,700
58, F & A ,$ 2 5 ,0 0 0 .... A ug. 1, 1922 T otal valuation 1898___ 4,326,400
w ater B onds—
Village ta x (per $1,000), ’ 98.$8*60
5s, A&O, $4 2,00 0....... Oct. 1 ,1 9 1 5
Population in 1890 w a s.........3,106
B onded debt Apr. 1,1898..$92,000 P opu lation in 1898 (est.)___ 4,800
P rincipal and interest o f bon ds are payable in gold.

B uilding B onds—

5s, J&J, $2 5,00 0.........Ju ly 1 ,1 9 1 0

Q T T A J A /T T T
) GEO. W IL C O X , Chairman,
O U I V l l V l i 1 .— l j . F. H AA S, Treasurer.
This tow nship is in U nion County.
LOANS—
W h en D u e .
Floating debt (additional).$10,120
School B onds—
Sinking fund .................
12,511
5s, sem i-an .,$12,000..Jan. 1 ,1 8 9 9 T a x valuation, rea l....... 1,986,800
($1,500 due yearly) to Jan. 1 ,1 9 0 6 T ax valuation, personal
270,240
Sew er B ondsT a x valuation 1898....... 2,257,040
68, semi-an., $7 0,00 0.. Jan. 1 ,1 8 9 9 T ax rate (per $1,000) 1898.$29*20
($10,000 due y’ rly) to Jan. 1 ,1 9 0 5 A verage school t a x .................. 2*60
Interest payable at Summit.
Population in 1895 w a s .........4,819
B onded debt Feb. 1,1 898 . $82,000 |P opulation in 1890 w as......... 3,502

T R E N T O N . — W . J. B. Stokes , Treasurer.
T renton is in M ercer County. The sinking funds are w ell m aintained
and the w ater w orks are m uch m ore than self supporting.
LOANS,— In terest .— >
,-------------P rin c ip a l. ------------ >
NAME AND PURPOSE.

B a te. P a ya b le.

A lm s H ou se................1894
C ity H all Im p ro v ’ t ..l 8 9 7
C ontingent b o n d ___ 1897
Coupon b o n d s ...........1895
Fire D epartm ent....... 1892
do
.....1 8 9 2
F u n d in g .......................1881
do
....................... 1885
....................... 1898
do
Park im p rov em en t... 1891
do
do
...1 8 8 8
do
do
...1 8 9 1
do
do
. .1892
do
do
...1 8 9 3
P avem ., C linton A ve.1896
P olice D ep artm en t.. 1890
do
do
..1 8 9 5
P oor em ergen cy....... 1892
P oor, alm s h.& prin t’ g .’ 95
P oor b on d s.................. 1897

W hen D u e.

O utstand'g

............
1904
$1,700
............
1907
2,000
.............
N ov. 2 2 ,1 9 0 7
2,000
F & A J A u S* ! » 1 9 0 0 10 ’° 9 < 79.000
* 05 A ( ($7,900 due y ’rly.)
4
.............
1899
14.000
4
1912
45.000
4
Ju ly 1, 1911
J & J
170.000
4
M & N
M ay 1, 1905
130.000
31«
1908
50.000
5
Deo. 1, 1916
5.000
J & D
June 15,1913
69.000
M ay 1, 1916
25.000
July 1, 1917
5.000
1918
27.000
1906
4.000
Dec. 1 5 ,1 9 1 0
18.000
1905
6.000
4
Feb. 1 5 ,1 9 0 2
3.200
4
1905
5,700
4
1907
2,000

School B onds—

School hou se...............1891
do
do ___ ....... 1890
do
do ___ ....... 1891
do
do ___ ....... 1893
do
do ___ ....... 1892
do
do ___ ....... 1893
do
do ___ ....... 1894
do
d o ___ ....... 1896
do
do ___ ....... 1897
do
do ___ ....... 1897
Special school-h.loan.1888
do
do
do
1888
Sewer bon ds..................1891
do
1892
do
1892
do
................ 1893
do
1893
do
1894
do
1895
do
1896
do
1897
Sewer Com m ission’rs.1897
Volunteers, 18 64..
.
do
18 64..
.
R efunding Bonds, 18 97..
do
do
1 8 9 7 ...
do
do
1 8 9 7 ...
do
do
1 8 9 8 ...
do
do
1 8 9 8 ...
do
do
1899 ...

4
4
4
4
4
4
4
4
4

4
4
5
4
4
4
4
4
4
4
4
4
6
6

J & J
A & O

J & D
F & A

4

M & S
313 F & A

A ug. 1, 1901
Deo. 1 5 ,1 9 0 0
Feb. 1 6 ,1 9 1 1
iday 1 5 ,1 9 1 3
Oct. 1, 1917
Jan. 1 6 ,1 9 1 8
1914
1916
1917
N ov. 1 0 ,1 9 1 7
Ju ly 1, 1908
Oct. 1, 1908
Deo. 1, 1901
Aug. 1 ,1 9 0 2
Sept. 1 ,1 9 0 2
Jan. 1 4 ,1 9 0 3
Aug. 1, 1903
1904
1905
1906
1907
1907
Feb. 9 ,1 9 0 0
A p r. 1 6 ,1 9 0 7
A u g .1 3 ,1907
N ov. 10, 1907
1908
Sept. 5, 1908
1909

14.000
6,000
22.000
18,000
9.000
6.000
18,000

21,000
8,000
14.500

12,000
8,000
22.600
28,000
26,000
39.000
45.000

101.000

240.800
158,400
51,600
17,100
20.000

10,000

26.500
29.000
8.200
45.000
72.000
50,900

Chambersburg B onds, A ssumed :
A & O
A pr. 2 0 ,1 9 1 3
Parks, 1888........................... 5
Subject to call in 1898.
R edem ption, e t c ... 1885-6 5
Semi-an.
1905 & 1906
Subject to call after 10 years.

13.000
36.000

W ilbur B onds, A ssumed:
S ch ool.............................. 1893
do
........................ 1893
Im provem en t............ 1893
do
....................1895




5
5
5
5

A& O
M & S
J & J
F& A

1899-1914
1900-1913
1913
1915

15,500

11,000

15.000
15.000

Vol. LXVIII

LOANS—
•— Interest.—
NAME AND PURPOSE.
Rate. P a ya b le.
Loans P ayable b y Special A ssessment:

A ssessed upon cityStreet im p rov em en t...1891 5
do
do
.1893 5
do
do
.1889 4
do
do
.1890 4
do
do
.1891 4
do
do
.1892 4
do
do
.1894 4
do
do
.1895 4
do
do
1896 4
do
do
.1897 4
do
do
M &N
.1898 4
Assessed up on prop erty benefited—
P a v em en t..
.1893 5
do
.1891 4-5
do
.1889 4
A & O
do
.1890 4
do
.1892 4
do
.1894 4
do
.1895 4
do
.1896 4
do
.1897 4
do
M &N
.1898 4

Water L oans R eported Separately :

-P rin c ip a l.W h en D u e. O utstanding.

1901
1903
Oct. 1 5 ,1 8 9 9
A pr. 1 5 ,190 0
Feb. 1 6 ,1 9 0 1
Aug. 1 ,1 9 0 2
1904
1905
1908
1907
1908

$5,421
7,185
1,930
2,733
2,275
2,483
3,801
12,625
4,196
4,76ft
29,418

Nov. 15 ,1903
1901
Oct. 1 5 ,1 8 9 9
A pr. 1 5 ,1 9 0 0
Aug. 1 ,1 9 0 2
) 904
1905
1906
1907
1908

22,815
46,504
49,070
18,967
15,517
19,898
27,875
29,5 4
27,431
5,567

C ity w ater.
.1893 4
M ay 1 5 ,1 9 1 3
75,000
do
Jan. 1, 1917
.1897 4
175,000
J & J
do
.1898 4
Jan. 1, 1927
175,000
J & J
Chambersburg water, 1885 5
11,000
1905
do
do
1886 5
Feb. 5, 1906
F & A
5,000
do
do
1886 5
Ju ly 1, 1906
J & J
7,000
do
do
1887 5
J & J
1907
20,000
do
do
1906
1896 4
45,000
INTEREST is p ayable at Treasurer’ s office in Trenton.
T O T A L DEBT. Et c .—The subjoined statem ent shows T ren ton’ s
total m unicipal debt.the sinking fund held b y the city against the same,
and the w ater debt, in the years named.
M a r. 1,’ 99. M a r . 1 , ’ 98. M a r . 1,’ 97. M a r . 1, ’ 96.
T otal bonded d e b t ....$3,001,165 $2,730,950 $2,422,700 $1,775,900
Sinking fu n d s............ 1,028,555
886,506
518,192
463,224
Net d eb t.......................$1.972,610 $1 ,«44 ,444 $1,904,507 $1,312,676
W ater d ebtin o. above $795,504
$343,500
$343,500
$123,500
C IT Y P R O P E R T Y .—The total value o f p rop erty ow ned b y the c ity
is estimated at $2,380,000, including w ater works, $1,500,000.
ASSESSED V ALUATION.—P roperty assessed “ at about one-half
actual value.”
R ea l

P erso n a l

N et

R a te o f Tax

Tears.
Estate.
P ro p erty .
D ed u ction s. V a lu a tio n , per $1,000.
1 8 9 8 ..
..$ 24.9 03,6 77 $5,409,615 ............ $30,313,292 $21*50
1 8 9 7 ..
.. 23,992,680 6,227,132
1,3 6 0 .1 4 1
28.859,670
1 8 9 6 .. .. 23,646,407
6,500,000
1,449,692
28,696,715
21*50
1 8 9 5 .. .. 22,940,786
5,496,217
.............
28,437,003
20*00
1 8 9 0 .. .
20,199,162
6,981,643
1,484,959
25,695,846
POPULATION .—In 1890 popu lation was 57,458; in 1880 it was
29,910.

U N I O N . — R ic h a r d S chlem m , Chairman Council
This tow n is in Hudson County.
LOANS—
W h en D u e.

School H ouse B onds—

T own H all Construction-

58........... $20,000....... Ju ly 1 ,1 8 9 9
($2,000 due y ’rly) to Ju ly 1 , 19u8
B onded debt Mar 2 0 ,’ 98. $321,000
Sewer B onds—
Floating d ebt...................
36,146
5 s , ......... $45,000.......Jan. 1 ,1 9 0 0 T otal debt Mar. 20, ’9 8 .. 357,146
($5,000 due y ’rly) to Jan. 1 ,1 9 0 8 T otal valuation 1898___ 3,834,200
................ $1 5,00 0.......Jan. 1 ,1 9 1 3 T a x rate (per $1,000) 1896.$26*00
5s, J&J, 150,000.......Jan. 1 ,1 9 0 0 Population 1890 w a s...........10,643
($10,000 due yearly) to Jan. 1,1 914 P opulation 1898 w as............93,174

5 s , ........... $2,000.......Feb. 1 ,1 9 0 0
. . , ........., 43,000........... 1902-1915

r T " M T fY 1ST P H
5 J* F. H U B B A R D , D irector
U IN 1 K J IN V_/
. — (E . M. W OOD, Collector.
County seat is Elizabeth.
LOANS—
W h en D u e. Sheridan H ouse Pur. b d s..$ 2 8 ,0 0 0
D eficiency B onds (freshet)—
Interest payable at Elizabeth.
5s, J&J, $13,000........ 1898 to 1900 T otal debt May 10 ,1898 $482,000
6s, J&J, 42,000........ 1901 to 1907 T ax valuation, r e a l....... 34,431,565
R oad B onds—
T ax valuation, person’l. 5,518,185
4s, J&J, $ 3 5 0 ,0 0 0 .... 1901 to 1910 T otal valuation 18 9 8 ...3 9 ,9 4 9 ,7 5 0
Subject to call after ten years.
Assessm ent about 85 actual value.
W ar B onds—
County ta x (per $1,000) 1898.$5*27
6s & 7s, J&J, $ 2 3 ,0 0 0 ..’ 98 to 1900 P opulation in 1890 w a s___ 72,467
................$2 6,000........1907 to 1909 P opulation 1 8 98.................. 90,000
A ll bonds issued b y this coun ty are ex em p t from taxation.

W E E H A W K E N . — T hos . C ar r o l l , Clerk.
This tow nship is in H udson County. (P. O. Station 1, H oboken.)
LOANS—
W h en D u e. B onded debt Mar. 15, ’ 98 $74,000
R oad and Sew er B onds —
Sinking fu nd .....................
2,000
5s, semi-an., $2 9,00 0................ 1905 Net debt Mar. 15, ’ 9 8 ___
72.000
School B onds—
T ax valuation, rea l........ 2,2 - 2,850
5s, semi-an., $2 5,00 0................ 1904 T ax valuation, personal. 191,800
5s, semi-an., 2 0 ,000................ 1911 Total valuation 18 98___ 2,414,650
Sew er Notes—
T ax rate (per $1,000) 1898.$17*00
6 s , $9,762.................................... Population in 1890 w a s .........1,943
' W F ’^ T T h’ TTTT F ) ___S IR V IN G 1. ROSS, Clerk.
vv
a sr axl .j_ . i _a
j w MOOREHOUSE, Treasurer
This tow n is in U nion County.
LOANSW h en D u e. B onded debt Feb, 15, ’ 98. $85,000
School B ondsAssessed valuation, r e a l.l,,578,500
58,
. $1
. .5,00 0............ N ov., 1910 A ss’d valuation,. _pers’l .. 129,850
5 s , ___ _ 10 ,000............ N ov., 1920 T otal valuation 1 8 9 8 .... 1,708,350
Sew er Bonds—
T a x rate (per $1,000) ’98. ..$25*20
4s, J& J, $ 3 0 ,0 0 0 ........ Ju ly 1 ,1 9 2 7 P opulation 1897 (est.)
,...4 ,5 0 0
(Optional after July 1 ,1 9 1 7 .)
P opu lation 1 8 90.......... .
...2 ,7 3 9
413s, J&J, $ 2 7 ,0 0 0 ... 1899 to 1907
($3,000 yeariy on Ju ly 1.)
’ c t 1 t t \i—>/—\ r / tt' \ t
( F. A . SCH W ARTZ,Treasurer.
W H .O I
r l U r ) U Y V H . I N .— ) JOH N P. M cM AH ON, Clerk.
This tow n is situated in H udson County.
R edemption B onds—(Con.)
LOANS—
W h en Due,
A ssessment B onds—
4 12S. J&J, $24,750......Jan. 1,1908
30 ,000....... Jan. 1. 1902
6s, J&J, $3 4,00 0.........Ju ly 1 ,1 9 0 0 5s, J&J,
i i i c

School B uilding & Sites—

5s, J& J, $ 5 8 ,0 0 0 .... Ju ly 1 ,1 8 9 9
($5,500 due yearly) to Ju ly 1 ,1 9 0 9
4s, M&8, $45,< 00 .Mar. 1 ,1 9 0 2 to
($1,500 due yearly) Mar. 1 ,1 9 3 1

A ssessm’ t & R enewal B onds -

6s.............$2 1,50 0......... Jan. 1, 1905
6 s , .......... 10,000......... Jan. 1 ,1 9 0 0
6 s , .......... 27 ,0 0 0 .........Ju ly 1, 1910
« s ............. 19 ,000......... Jan. 1,1911
R edemption B onds
5 s ,...,,
7 ,0 0 0 ...........July 1,1 9 1 1
5s, M&N, $50,000.......Nov. 1 , 1 9 0 4 '5s, A&O, 2 0 ,0 0 0 ......... A pr. 1, 1901
5s, J&J,
25,000.......Jan. 1 ,1 9 0 6 I

April, 1899.

f£NWSYtVAWIA-BEBT OF STATE

INTEREST is payable at the]First National Bank of Hoboken and
Hudson Trust & Savings Institution.
T O T A L DEBT, Et c .—The total bonded debt on January 1 ,1 8 9 9,
was $326,250; floating debt, $9 .>,000; total debt, $116,250.
ASSESSED VALUATION in 1898 of real estate was $5,095,250
•of personal property, $319,280; total, $ 5,411,530; total tax rate (per
$1,000), $23-60.
^
P O PULATION .—The population in 1890 was 1 1 ,6 6 5; in 1880 it
was 5 ,4 1 1 ; in 1870 it was 4,132: in 1899 (estimated) 25,000.

C''

T'TT'Q'T'' /—VT3 a AT XT’
5F R ED . CUMMINGS, Chairman.
W
I
W l T / L i N LxLL,. — } j o s . M cD ON OÛ GH, Clerk.
This tow n is situated in E ssex Co.
LOANS
W h en D u e. Total debt M ar. 11, ’9 8 .. $99,000
R edemption B onds—
A ssessed valuation, real. 3,233,425
4*as, J& J, $ 2 5 ,0 0 0 ....Ju ly 1 ,1 9 1 6 A ss’ d valuation, p ers’l . .. 303,400
School B ondsT otal valuation 1 8 9 8 ___ 3,536,825
48, g., A&O, $ 5 0 ,0 0 0 ....1 9 1 3 -1 9 2 2 A ssessm ent about *2 actual value.
($5,000 y ea rly on A p ril 1.)
T ax rate (per $1,000) ’9 8 ...$ 2 6 -8 0
R oad B onds—
P opu lation in 1890 w a s . ___ 4,358
7s, J&D, $7 4,00 0....... June 1 ,1 9 0 2 P opu lation in 1898 (e s t .)___ 6,000
INTEREST is payable at the Orange N ational Bank, Orange, N. J.
T A X FR E E—A ll o f the W est Orange bonds are ex e tnpt from taxation.
5 SAMUEL H. L A D D , M ayor.
‘ <D. T. M ATH ERS, Clerk.
This city is in Gloucester County.
LOANS—
W h en D u e.
Net debt Feb. 1 ,1 8 9 9 ___ $58,270
City B onds—
Assessed val’ tion, r e a l... 1,905,700
•4s. D ee., $ 3 ,0 0 0 ..........D ec., ’ 99-’01 A ss’d valuation, pers’l ... 435,500
Water B onds—
Total valuation 1898___ 2,341,200
4s, F& A. $50,000...... Feb. 1 ,1 9 0 1
Assessm’t 65 to 70 p. e. act value.
($10,000 e v ’r y 5 y r s.)to F e b .l. 1921 Total ta x (per $1,000) ’98 ..$ 1 7 -2 0
4s, F&A, $1 2,00 0....... Feb. 1 .1 9 2 6 P opulation in 1890 w a s......... 3,911
T otal debt Feb. 1 ,1 8 9 9 .. $65,000 Population in 1880 w a s......... 2,298
S inking fund, e t c ................ 6,730 P opulation 1899 (estimated) 4,000
T A X F R E E .—A ll o f the ab ove bonds are exem p t from taxation.

W O O D B U R Y .

W O O D S T O W N . — T Is borough is in Salem County.

P lace —

Sea Isle City (8 .),Cape M ay Co.
Som erville (T’n), Somerset Co.
So.A m boy (B or.),M iddlesex Co.
Stockton (T ow ni, Cam den C o.
U nion (Tw p.), B ergen Co.........
W allington (B or.), B ergen Co.
W arren C ounty.......
......
W eehawken S chool D is t r ic t ...
W .New Y ork (T’n ),H u d son C o.
W ildw ood (B or.),C ape M ay Co.
W oo lb r’ ge (Tp.),M iddlesex Co.

65
Total
D ebt.

A ssessed
V a lu a tion .

$45,705
19,397
28,665
143,500
43,595
15,500
25,100
60,000
19,000
11,450
11,000

$547,000
1,370,700
2,416,355
1,088,795
499,520
20,821,539
2,414,650
2,587,150
163.885
2,332,605

Tax
P o p u la •
rate v e r tion in

$1,000.
$3000
15-60
20-80
40-80
31-50
6-21
17-00
14-75
35-00
22-00

1890.
766
3,861
4,330
6,445

*4,000
4,665

* P opu lation estimated.

State of Pennsylvania.
ITS

D E B T , R E S O U R C E S , E tc .
Admitted as a State
One of Original Thirteen
Total area of State (square miles)
45,215
State Capital Harrisburg
Governor (term expires 3d Tues. Jan,, 1903) - W m. A. Stone
Secretary of State* (term expires Jan. 1903) W. W. Griest
Treasurer (May 1, 1900)
James 8. Beacom
Legislature meets biennially in odd years on the first Tues­
day in January, and there is no limit to the length of the
sessions.

* A ppointed b y G overnor, and holds his office at G overnor’ s pleasure.
H ISTO R Y OF DEBT.—F or a history o f Pennsylvania’ s State debt
r o m 1789 to the present tim e, see the State and City Supplement o f
1893, pages 63 and 64. The details o f the debt as it n ow exists are
subjoined.
,---------- P r in c it tal,---------- .
LOANS—
•— In terest . — ,
NAME AND PURPOSE.
P .O t. P a ya b le.
W h en D u e. Chits ta n d 'g.
A gricultural College b’ds, ’72.r 6
F & A Feb. 1, 1922 $500,000
F unding loan, 18 81..................r 4
F & A
Feb. 1, 1912 4,521,250
do
18 81............ . . . r 3*2 F & A Feb. 1, 1912 1,642,900
A D D IT IO N A L S T A T E M E N T S .
Quar. ^ H eld in State >
17,000
In the table below w e give statem ents regarding all m inor civ il d iv i­ Proceeds o f farm sale, 1 8 8 7 ... 6
Treasury. $
sions in the State o f N ew Jersey w h ich have reported an indebtedness Unfunded d ebt............................H as ceased.
P ast due.
134,149
o f ov er $10,000, and which are not represented am ong the foreg oin g
PAR VALUE OF BONDS.—These bonds are in pieces of $50, $100
detailed returns. W e add in each case the population from the Census
and multiples of $100.
o f 1890.
Tax
IN T E R E S T on the A gricultural College loan is payable at the State
P o p u la Total
A ssessed
ra te p er
tion i n Treasurer’ s office in H a rrisb u rg ; on all other bonds at F arm ers’ &
P la ce—
D ebt.
V a lu a tio u . $1,000.
1890.
M echanics’ B ank in Philadelphia.
A llendale (B oro.). B ergen C o ... $10,000
$244,425 $22-30
T O T A L D E B T , Et c .—The subjoined statem ent shows P enn sylva­
Allenhurst, Monmouth Co......... 60,000
685,000
A nglesea ( Boro.) ,Cape M ay Co. 15,500
187,480
30 0 0
161 nia’ s total public debt, the sinking fu nd held b y the State against the
A valon (Boro.), Cape M av C o .. 10,000
171,300
28-10
same, and the State’ s unfunded debt, on the dates indicated.
B each H aven (Boro.),O cean Co. 18,500
318,450
19-80
D ec. 1 ,1 8 9 8 . Dec. 1,1 897 . D ec. 1 ,1 8 9 6 .
B elm ar (B oro.),M on m ou th Co. 125,000
i'O-OO
1,166,450
$6,815,305
$6,815,305
T
otal p ublic d e b t ........................ $6,815,299
B ergenfleld (B oro.), Bergen Co. 10,200
329,780
27-00
5,540,638
5,067,055
B ordent’ Wn (City),Burl’ gt’ nCo. 21,800
1,551,613
10-30
4,232 8inking fu n d s............................. 5,789,317
B ordent’n (Townsh.), Burl. Co. 11,750
1,239,558
1200
858
Net
d
eb
t..................................
$1,025,982
$1,274,667
$1,748,250
Bound Br’k ( B or.), Somers’t Co. 26,800
1.234.760
17-50
1,462
Unfunded debt (incl’d above).
134,149
’ l3 4 ,1 5 5
’ l34,’ l5 5
B radley Beach (Bor.).M on. Co. 26,000
370,500
32-00
6
...........
1,004
Bridgew ater (Tp.).Som ersetCo. 11,000
6,293,470
13-20
9,323 A m ount o f debt redeem ed.........
Brigantine, A tlantic C o............ 30,000
236,775
27-60
The sinking fund on D ecem be 1,1898, held the follow in g securities :
Camden C ounty....................
36,000 36,648,004
8-30 87,687 Allegheny V alley R ailroad bonds, $1 ,100 ,000 ; interest on sam e.
Cape M ay C ounty....................... 14,000
7,310,008
11,268 $2 2,9 1 7 ; United States 4 per cent consols, at 112, $3,108,000, and
Carlstadt (B oro.) B ergen C o .. 10,500
38-30
542,178
1,549
Chatham (B oro’gh),M orris Co. 45.000
61 9,37 »
2,136 cash, $1,558 ,400 ; total, $5,789,317.
22-50
Chester (T w p.), B urlington Co. 40,000
2,747,998
17-60
3,768
The unfunded debt m entioned in the above table consists o f relief
O liffsideP ark (Bor.), Berg. Co. 12,050
272,320
22-30
notes in circulation, interest certificates unclaim ed, interest oertifl*
Clinton (Tp.), E ssex C o............ 10,043
704,25 «
21-40
C ranford (Tw p.), U nion C o___ 100,000
1,235,175
25-40
1,717 cates outstanding, and bon ds past-due upon w hich interest has
Cumberland C oun ty................... 30,000 19,091,237
5-01 45,438 ceased.
D eckertow n (Bor.), Sussex Co. 60,000
666,585
16-77
D elford (Boro ), B ergen C o___ 19,000
ASSESSED VALUATION has been as follow s :
25-25
655,210
E ast Newark (Bor.),H udson Co 40,000
1,810,200
14-80
.------------------------- A ssessed V a lu a tion . -------------------- —,
E .R utherford (B or.),B ergen Co 21.095
869,785
36-40
T ea rs.
B ea l.
P erson a l.
Total.
E nglew ood (City), Bergen Co.. 12.000
4.838.760
E w ing (T w p.), M ercer C o ......... 16,250
$846,751.853
$3,431,951,565
1,542,453
14-65
3,129 1898......................... $2,685,199,712
Freehold (Tp ), M onm outh Co 15,000
1897..........................
2,531,568,640
826,134,137
3,357,702,777
4,283,220
8t20
5,097
F relinghuysen(T p.),W arren Co 86,515
831,026,331
3,330,688,326
647,472
9-00
879 1896........................ 2,494,661,995
G lassboro (Tp.), G loucester Co. 11,000
770,049,820
3,241,068,024
1,049,650
17-00
2,642 1895.......................... 2,471,018,204
H am ilton (Tw p.), M ercer C o .. 10,500
658,341,105
3,047,573,853
2,238,423
11-00
4,163 1894.......................... 2,389,232,748
H am m onton ( l” n ), A tlantic Co. 18,191
591,007,558
2,899,774,989
986,948
17-60
3,833 1892.......................... 2,308,767.431
H asbr’k H eigh ts (B.), Bere. Co. 22,900
1888........................ 1,840,433,540
...................
...................
852,290
32-40
H ightstow n (B or.). M ercer Co.. 20,500
981,335
15-60
1,875
The above does n ot include valuation o f railroad property.
H olly R’ ch ( Bor.),Cape M ay Co. 31,700
37-50
205.857
217
Irvin gton (Town), E ssex C o ... 43,653
DEBT LIMITATION—In Pennsylvania the lim it to the indebtedness
1,681,050
21-40
Jefferson (Twp.), M orris C o ... 13,000
509,750
14-40
1.611 o f the State, and to the indebtedness o f the cities and m inor c iv il
K ey p ort (Town), M onm o’th Co. 68,000
1,344,158
9-66
3,411 organizations in the State, is fixed by the State Constitution.
L akew ood ( IV p . ), Ocean C o . . . 17,000
1,928,025
21-81
730
L odi (Boro ), B ergen Co............ 24,000
1. State in d eb ted n ess .—With regard to the State, the regulations
355,965
25-60
998
M ataw an (T w p.).M onm o’thC o. 15,000
16-23
429,376
3,183 controllin g and govern ing debt creation, paym ent, &c., are fou n d
M ayw ood (B oro.), Bergen C o.. 19,000
25-60
400
608,460
M erchantville(B or.).C am d.C o. 46,500
705,170
26-50
1,225 in Sections 4, 5, 6, 1 1 ,1 2 ,1 3 and 14 o f A rticle I X o f the C onstitution
M idl’nd Park [ Bor.),B ergen Co. 10,550
and are as follow s.
316,325
19-90
M illburn (Twp. ), E ssex C o....... 42,500
20-00
1,562,350
2,437
A rticle IX , Sec. 4. No debt shall be created by, or on behalf of, the
M illville (City), Cum berl’nd Co. 36,500
4,080,470
17-50
1,002 State ex cep t to supply casual deficiencies o f revenue, repel invasions,
M onm outh C o............................. 182,525 52,376,2-^7
8-93 69,128 suppress insurrection, defend the State in war, or to pay existin g d e b t ;
M orris County...............................400,000 27,623,918
7-35
and the debt created to supply deficiencies in revenue shall never
M t.A rlington (B or.), M orris Co 23,500
407,105
19-98
exceed, in the aggregate at any on etim e, one m illion o f dollars.
Neptune (T’ wn). M onm outh Co. 28,000
2,558,800
20-80
8,333
Section 5. A ll law s authorizing the borrow ing o f m oney by, and on
N eptune C ity (Bor.), Mon. Co. 22,100
494,520
21-16
behalf of, the State shall sp ecify the purpose fo r which the m oney is to
N ewton (Town), Sussex C o___ 118,000
17-60
2,483,155
3,003 be used, and the m oney so borrow ed shall be used fo r the purpose speci­
N ortham pton (Tp.),Burling.Co. 28,550
2,300,692
18-00
5,376 fied and no other.
No. Bergen (Twp.), Hudson Co. 26,219
3,789,185
14*20
5,715
Section 6. The credit of the Com m onw ealth shall n ot be pledged or
N o.Plainfleld (B.),Som erset Co. 37,000
21-90
2,438,375
loaned to any individual, com pany, corporation or association, n or
Ocean City, Cape M ay C o......... 62,500
2,201,072
26-40
452 shall the Com m onw ealth becom e a join t-ow n er or stockholder in any
Orvil (Twp.), B ergen Co............ 26,738
415,010
25-40
1,690 com pany, association or corporation.
P alm yra (Tp.), B urlington Co. 34,714
540,930
22-40
1,903
Section 11. To p rovide fo r the paym ent o f the present State debt, and
P om pton Lake (B.). Passaic Co. 19,048
30-80
303,300
2,153 any additional debt contracted as aforesaid, the General Assem bly
P om pton (T w p.), Passaic C o ... 35,500
538,800
35-20
shall continue and m aintain the sinking fu nd sufficient to p ay the
P rin ceton (Bor’gh), M ercer Co. 29,895
18-00
2,683,855
3,422 accruing interest on such debt, and annually to reduce the p rin cip al
R aritan (T ow n), Somerset C o. 15,804
15-40
thereof by a sum not-less than tw o hundred and fifty thousand d o lla rs;
R idgew ood (Tw p.), Bergen Co. 25,000
24-40
1,841 the said sinking fu nd shall consist o f the proceeds o f the sales o f the
1,232,910
R ookaw ay (B oro.), Morris C o .. 25,000
345.500
23-50
public works, or any part thereof, and o f the incom e or proceeds o f the
R oselle (B oro.), Union Co......... 17,650
905,900
22-40
sale o f any stocks ow ned by the Comm onwealth, together with other
Salem (C i'y), Salem C o............ 35.000
3,747,325
12-90
5,516 funds and resources that m ay bo designated b y iaw , and shall be
Salem C o u n ty .............................. 33,207 16,6-29,905
3-20 25,151 increased from tim e to tim e b y assigning to it any part o f the taxes or
LOANS—
W h en D u e.
4 * 2 8 ,........., $4,000..................... 1902
4*28,.......... 30,000...................... 1912
4*28............ 6 ,0 00.....................1913
T otal debt Feb. 15 ,1 8 9 8 . $40,000
Assessed valuation, real. 673,150
T A X FREE.—AH bonds issued bj




A ss’d valuation, pers’l ... $526,235
T otal valuation 1898___1,199,385
A ssessm ent is nearly actual value.
T ax rate (per $1,000) 189 ..$ 12-8 0
P opulation in 1890 w a s............ 556
P opulation 1895 (estimat’d ) .1,650
this borough are ta x exem pt.

6 6

STATE AND CITY SU fftEM EW T,

Vol. LXVIII

other revenue o f the State n ot required fo r the ordinary and current in 1889, authorizing the exten sion fo r tw en ty years o f special char
expenses o f governm ent, and unless in case o f war, invasion or insur­ ters, contains the follow in g.
rection, no part o f the said sinking fu nd shall be used or applied other­
“ P ro v id ed also, that n o * * * Savings Institution or Savings
w ise than in the extinguishm ent o f the p u blic debt.
__„ „ „ „ „ „ „
B ank having n o capital stock, renew ing or exten din g its charter,
Section 12. The m oneys o f the State, ov er and above the necessary re­ corp orate rights and franchises, under the provision* o f this act, shall
serve, shall be used in the p aym en t o f the debt o f the State, either thereafter be allow ed the privileges o f a bank
J*Q^
directly o r through the sinking fund, and the m oneys o f the sm king allow ed to loan any m oney received on deposit, except first m ortgage
fu nd shall never be invested in or loaned upon the security o f anything or lien upon real estate within this com m onw ealth, upon the bonds or
ex ce p t the bonds o f the United States o r o f this State.
, securities o f the U nited States or o f this State, or upon coun ty, city,
Section 13. The m oneys held as necessary reserve shall be lim ited borough, tow nship or school bonds o f any coun ty, city, borough, tow n­
b y law to the am ount required fo r currenti expenses,.andishall be se­ ship or school district w ithin this com m onw ealth, o r a n y oth er good
cured and kept as m ay be provided b y law. M onthly statem ents shall a n d va lid secu rities .”
be published, showing the am ount o f such m oneys, where the same are
A uthority to loan on any “ good and valid security ’ ’ appears to con ­
deposited, and how secured.
,
. . . ____
Section 14. The m aking o f profit ou t o f the p u blic m oneys, or using fe r about as broad a d iscretion u p on the m anagers as could be
the same fo r any purpose n ot authorized b y law , b y hhy ome®r o f the
expressed in a statute.
State, or m em ber or officer o f the General A ssem bly, shall be a m isde
ft w as n ot u n til 1889, as already stated, that a general law fa cili
m eanor, and shall be punished as m ay be provided b y law ; bu t p art o i
such punishm ent shall be disqualification to hold office fo r a period o f ta tin g the organization o f savings institutions w as passed. That
n o t less than five years.
law o f 1889 is indeed w ell adapted n ot on ly fo r facilitating, bu t for
State loans in P ennsylvania, whether created fo r origin al indebted­ stim ulating, the grow th o f the system . Its influence in the la tter
ness o r authorized to fu nd existin g indebtedness, are usually negoti­ direction w ou ld seem to be assured under the liberality o f the
ated through the G overnor and Comm issioners o f the sinking fund.
provisions respecting investm ents. The fo llow in g is section 17, which
The last act o f the Pennsylvania Legislature authorizing a p ublic
contains the investm ent lim itation s; w e w ou ld especially direct
loan was the act o f June 8 ,1 8 8 1 , when a thirty-year loan w as effected
attention to su bdivision fou r o f this section:
to fu nd existin g indebtedness at a low er rate o f interest.
Section 17.—I t shall be law fu l fo r the trustees o f any savings bank
The earliest date at w hich the last o f the existin g indebtedness o f to invest m oney deposited therein on ly as follow s:
(1.) In the stocks or bonds or interest-bearing notes or the obliga­
P ennsylvania w ill m ature is February 1 ,1 9 1 2 , and under existin g ar
rangem ents the accum ulations in the sinking fu nd w ill at that tim e tions o f the United. States, or those fo r w hich the faith o f the U nited
States is pledged to p rovid e fo r the paym ent o f the interest and the
pay the total State indebtedness.
(2) C o u n ty a n d M u n ic ip a l In d eb ted n ess.— Under the
law s o f PI(2)Cu f t h e stocks or bonds o f the C om m onw ealth o f Pennsylvania
Pennsylvania the pow er to create coun ty loan s is in the B oard o f
^6(3)* In the stocks or bonds o f any State in the U nion that has n ot
County Commissioners, which consists in each coun tv o f three persons, w ithin ten years previous to m aking such investm ents, b y such corpo­
elected tri-ennially under the m inority system o f votin g, b y which ration, defaulted in the paym ent o f any part o f either prin cip al or in­
the m inority p arty in each County usually has one m em ber o f the B oard terest o f any debt authorized b y any Legislature o f such State to b e
In cities and boroughs the p ow er to create indebtedness is vested in c o n tra cte ^ stoofe8 or bonds o f any city , coun ty, tow n or v illag e of
any State o f the United States, issued pursuant to the authority o f any
oouncils, m unicipal debts being created b y ordinance.
The creation o f coun ty, city and other m unicipal indebtedness is law o f the State, or in any interest-bearing obligations issued b y the
city or coun ty in w hich such bank shall be situated.
subject to the follow in g constitutional lim itations.
(5) In bonds and m ortgages on unincum bered, im proved real estate,
A rticle I X , Sec. 7. The General A ssem bly shall n o t authorize any situated in this State.
coun ty, city, borough, tow nship or incorporated district to becom e a
I t w ill be n oted that according to the foregoin g (sub-division
stockholder in any com pany, association or corporation, or to obtain or
appropriate m oney fo r, or to loan its credit to, any corporation, associ­ fou r), Pennsylvania savings banks are allow ed to invest their
deposits in the bonds and stocks o f any city, coun ty tow n or village in
ation, institution or individual.
Section 8. The debt o f any coun ty, city, borough, tow nship, schoo any o f the United States. Furtherm ore, b y the fifth subdivision bonds
district, o r other m unicipality or incorporated district, ex cep t as and m ortgages are left to the discretion o f the trustees in all purchases,
herein provided, shall never exceed seven per centum upon the
assessed value o f the taxable p roperty therein, n o r shall any such ex cep t that they m ust be first m ortgages on im proved real estate in
m unicipality or district incur any new debt, or increase its indebted­ Pennsylvania. The n e x t section (18) relates to the tem porary deposit
ness to an am ount exceeding tw o per centum upon such assessed o f funds in banks and trust com panies. The form o f the section is
valuation o f p roperty, w ithout the assent o f the electors thereof at a
p ublio election in such m anner as shall be provided b y la w ; bu t any alm ost precisely the same as the sim ilar section in the New Y ork
city the debt o f w hich n ow exceeds seven p e r centum o f such assessed statute, and it is consequently unnecessary to cite it in fu ll here.
valuation m ay be authorized b y law to increase the same three per
centum , in the aggregate at any one tim e, up on such valuation.
Section 9. The Com m onwealth shall n ot assume the debt, or any
part thereof, o f any city, coun ty, borough or tow nship, unless such
C it ie s . C o u n ties a n d T o w n s
debt shall have been contracted to enable the State to repeal invasion,
suppress dom estic insurrection, defend itself in tim e o f war, or to
IN THE
assist the State in the discharge o f any portion o f its present indebted­
ness.
S T A T E OF P E N N S Y L V A N I A .
Section 10. A n y coun ty, tow nship, school district or other municiNote .—F o r debt o f cou n ties n o t m e n tio n e d below see “ A d d itio n a l
incurring any indebtedness shall, at or bef >re the tim e o f so
, provide fo r the collection o f an annual ta x sufficient to p ay tne Statem ents ” at the end o f th is State.
interest, and also the prin cipal thereof within thirty years.
(3) T ow n sh ip s a n d School D i s t r ic t s — In the various school districts A B I N G T O N . — This tow nship is in M ontgom ery County.
LOANS of 1893—(Con.)—
o f the State the school directors have the pow er to create loans, sub.
LOAN S—
W h en Due:.
5s, Class D, $35,000.......................
I mprovement B onds—
je c t to the lim itations o f Section 10 above quoted, to p rovid e fo r the
Subject to call after M ay 1 ,1 9 0 8
5s, MAN $1 5,00 0....... M ay 1 ,1 9 0 3
redem ption o f the same w ithin thirty years.
L oan of 1894—
Subject to call at any time.
4*28, Class E , $8,000.aft. M ay, ’95
In tow nships, the on ly authority, ex cep t that o f the school directors
L oan of 1893—
4*28, Class F , 18,000.aft. M ay, ’00
to borrow m oney, is in the road supervisors, w ho have no p ow er to 5s, Class A, $7,200....................... 4 12S, Class G, 20,000.......................
N ow subject to call
create bon ded indebtedness, but sim ply to m ake a tem porary loan ror 5s, Class B , $10,100..................
T otal debt Mar. 2 9 , 1899.$109,100
necessary expenses, w h ich m ust be provided fo r b y an assessm ent o f
Subject to cal] after M ay 1 ,1 8 9 8 T a x valuation 1895.........3,707,140
5s, Class C, $18,000. . . . .
. . . . P opulation in 1890 w a s.........2,703
sufficient tow nship ta x rate, know n as road tax.
Subject to call after M ay 1 ,1 9 0 3
P O P U L A T IO N O F S T A T E .—The p opulation o f P enn sylvania has
Ijsj-p^REST" Is p ayable at the N ational Bank o f Jenkintow n, Pa.
been reported as follow s in the years nam ed
T A X F R E E .—The loa n o f 1893-94 are ex em p t from State taxes.
1
8
30..............1,348,233
1
8
6
0
............
2,906,215
1 8 90.............. 5,258,014
1820............ 1,047,507
1 8 80..............4,282,891 1 8 5 0 ............ 2,311,786
5 JAM ES G W YM AN , M ayor.
810,091 A. L, Lr En GP rUi EP JANT V
1810............
JP|............ ... ........,....... 1 8 4 0 .............1,724,033
1870..............3,521,951
Y . ) JAM ES BROWN, C om ptroller.
SAVINGS BANKS IN V E S T M E N T S -P O W E R S AND RESTRIC­
A llegheny is situated in the cou n ty o f the same name.
TION S —Philadelphia is> w e believe, entitled to the distinction
LOANS—
/— In te res t .— , /------------P r in c ip a l. ------ '
o f starting the first savings institution in the United States. The NAME AND PURPOSE.
P a te. P a ya b le. W h en D u e .
Zh itsta n d g.
nam e this association bore was the “ Philadelphia Savings Fund C ity p ark bon ds.............. ..1886 4 J &
J Ju ly 1 ,1 9 0 6
$15,000
do
do
..............
1890
4
A
&
O
A
p
ril
1
,1
9
1
0
25,000
Society,” and it still exists, bearing the same name. Originally the
E
lectric-light
b
o
n
d
s
..A
..
1891
4
A
&
O
A
p
ril
1,
1921
160,000
bank was n o t incorporated, bu t w as a volun tary organization, such
do
do
B ..1 8 9 3 4
A & O Oct. 1, 1923
14,000
societies in Great B ritain being at that tim e o f a like character. The
do
do
C ..1 8 9 4 4
J &
J Ju ly 1, 1924
86,000
J &
J J u ly 1, 1906
13,000
date o f the organization w as N ovem ber 2 7 ,1 8 1 6 , and the bank w as M unicipal bon ds (renew ). 1886 4
do
do
.................
1891
4
A
&
O
A
p
r.
1,
1911
150,000
opened fo r business D ecem ber 2 ,1 8 1 6 . Mr. Hutchinson, w ho, now
R enew al b on d s.................... 1890 4
J &
J Jan. 1, 1910
117,000
holds the office o f President, states that, the oldest ledger [of the com pany
goes back to the tim e o f opening, and shows a deposit on that day R e n e w a f . * . ^ D.8.:.7 ..........1883 4 ^ J &
J Jan. 1, 1903
8,000
R e f unding ren ew a l............. 1880 4*2 M & N N ov. 1, 1900
20,000
Decem ber 2 ,1 8 1 6 ) o f five dollars. The com pan y w as n ot in co r
T?ATwvnrn.l
1881 4
J &
J Jan. 1, 1901
18,500
porated until F ebruary 2 5 ,1 8 1 9 .
do
';;:.:.\ ::..: .::...i 8 8 i 4
j &
j Ju ly T, 1 9 0 1
6 2 ,0 0 0
It is surprising that Pennsylvania, although engaged in such an early R efu nding renew al............. 1881 4
M <& N N ov. 1, 1901
J &
J Ju ly 1, 1902
20,000
venture in the departm ent o f savings institutions, should have m ade R enew al ............................1882 4
..............................1883 4
J &
J Ju ly 1, 1903
50,000
so little progress in the same departm ent since. Indeed, the second K do
R efunding ren ew a l............ 1883 4
M & N N ov. 1, 1903
7,000
organization does n o t bear date until 1847, and w e think there had R en ew a l................................ 1884 4
J &
J Jan. 1, 1904
75,000
J Ju ly 1, 1917
50,000
o n ly been 10 m utual savings institutions organized in the w hole State Sewerage bon ds..................1887 4 g J &
8
A ............... 1893 4
A & O Oct. 1, 1923
55,000
fro m 1816 d ow n to the early part o f 1890. W e m ay assume, how ever, Sewer
do
B ............... 1894 4
A & O A pr. 1, 1924
100,000
that this slow developm ent w as in n o m easure due to a lack o f desire
do
C ...............1894 4
J &
J Ju ly 1, 1924
145,000
do
................. 1895 4
J & J Ju ly 1 , 1900-’20 165,000
fo r savings banks on the p art o f the people o f that com m on
($33,000 every five years.)
wealth. That such institutions w ere sought and needed if
do
1895 4
J &
J J u ly 1, 1925
35,000
sufficiently eviden t from the fa ct that nine o f the ten com panies re
Street I mprovement B onds :—
_ . _ ____
13,000
tarred to above reported in 1890 that they held $63.957,341 o f M cClure A ve. renew al, ..1 8 8 0 4*2 J & J Ju ly 1, 1900
do
do
-.1 881 4
J & J J u ly 1, 1901
13,000
deposits. In 1889 a general law , fa cilitatin g the incorporation o f sav­
do
do
..1 8 8 3 4
J & J Ju ly 1, 1903
13.000
ings banks, w as passed b y the Legislature. Since then there has been
do
do
..1 8 8 4 4
J & J Ju ly T , 1904
13.000
A & O A pr. 1, 1911
23,000
a sm all addition to the num ber o f institutions, the total d oing business California A v en u e..............1891 4
Charles
Street
renew
al,
..1
8
8
0
4
^
J
&
J
Ju
ly
1,
1900
18,000
in the State on N ov. 3, 1898, bein g 16, w ith deposits aggregating
do
do
..1 8 8 1 4
J &
J J u ly 1, 1901
18,000
$88,728,071,
do
do
..1 8 8 4 4
J &
J Ju ly 1, 1904 _ 13,000
H
ighw
ay
im
provem
en
t..
1895
4
J
&
J
Ju
ly
1,
1900-25
300,000
The p rovisions o f the special charters are all liberal as to in vest
($50,000 every five years.)
m ents. A law passed in 1885, and a supplem ent o f the same passed

^




f EWWSYtVAWIA—CITIES M B TOWNS,

April, 1899.

/— In terest .— .
,---------P r in c ip a l .—
LOANSHale. P a ya b le.
W h en D u e . O utstand'g
NAME AND PURPOSE.
S tree t im p ro v e m e n t... ..1 8 9 5 4
J & J Ju ly 1 ,1 9 0 0 -2 5 $300,0 00
($50,000 ev e ry five years )
J & J Jan. 1, 1902
L e Street...
..1 8 9 7 4
5,795
do
do
<fc O A p r. 1, 1911
...1 8 9 1 4
75,000
do
<fc O Oet. 1, 1923
do A .....1 8 9 3 4
200,000
& O A p r. 1, 1924
do
do
B .. ..1 8 9 4 4
200,000
do
& J Ju ly 1, 1924
do
C.....1 8 9 4 4
200,000
( 1902 1927,
do
d o .......... ...1 8 9 7 4
J & J-$ $66,000 every
400,000
five yt ars.
do
J & J
d o .......... ...1 8 9 5 4
1900 1925
200,000
($33,000 ev ery live years.)
W ater bonds
...1 8 8 3 4
J & J Ju ly 1, 1903
64,000
do
...1 8 8 6 4
J & J J u ly 1, 1906
20,000
do
...1 8 8 4 4
A & O A pr. 1, 1914
132,000
do
J & J J u ly 1, 1917
100,000
...1 8 8 7 4
do
...1 8 8 9 4
J & J Jan. 1, 1919
175,000
do
J & J J u ly 1, 1923
150,000
(renew al)....1 8 9 3 4
do
J & J Ju ly 1, 1910
100,000
(renew al)....1 8 9 0 4
do
(renewal) ...1 8 9 2 4
J & J Ju ly 1, 1912
100,000
do
do
...1 8 9 5 4
J & J Ju ly 1,1 900 -25 600,000
($100,000 ev ery five years.)
SuMect to ca ll Ju ly 1 ,1 9 1 3 .
do
J & D Ju ne 1 , 1900-’20 540,000
...1 8 9 5 4
($108,000 every fifth year.)
do
...1 8 9 5 4
J & D June 1, 1925
110,000
C Deo. 1, ’ 01-’ 1 6 )
do
J & D < $66,000every > 264,000
...1 8 9 6 4
C five years.
c D e c . l , ’21-’ 26
do
...1 8 9 6 4
J & D ^ $ 6 8,00 0every
136,000
five years.
W harf renew al bonds, ..18 8 7 .. 4
J & J Ju ly 1, 1907
28,000
B onds o v e r due.
27,000
INTEREST Is p ayable at the office o f T. W helen & Co., Philadel
pliia and in Allegheny, and checks w ill be m ailed to holders o f bonds
w h en requested.
T O T A L DEBT, SINKING FUNDS, Et c Feb. 28, ’ 99. Feb 28, ’ 98. Feb. 28,’ 97. J a n . 1, ’95
T ota l bonded d eb t............$5,949,2^*5 $5,949,295 $5,655,295 $2,990,500
Sinking fu n d s.................. 1,211,970
989,797
862,146
535,584
Net d eb t.......................... $4,737,325 $4,959,498 $4,793,149 $2,454,916
W ater debt (incl. above) .$2,491,000 $2,491,000 $2,531,000 $1,031,000
T A X F R E E .—A ll bonds o f this city are exem p t from taxation.
C IT Y P R O P E R T Y .—The estim ated valu e o f all the c ity ’ s p rop erty
i s $8,000,000, including w ater p rop erty valu ed at $3,439,333.
A SSE SSE D V A L U A T IO N .—The city ’s assessed valuation and ta x
rate have been as below : (A ctual valuation 1896, $85,000,000.)
Total A ssessed O ily T ax I
Total A ssessed O ily Tax
Y ea rs,

V a lu a tion .

p er M.

T ea rs.

V a lu a tio n .

p e r M.

1 8 9 8 ...........$80,861,875
$15-00 1 1 8 9 5 ... .... 74,500,000
9-30
1 8 97........... 80,604,975
.........I 1 8 90............. 50,299,550
13-77
1 8 96........... 79,843,625
P O P U L A T IO N .—In 1890 popu lation w as 105,287; in 1880 it was
78,682; in 1870 it was 53,180. The popu lation fo r 1897 (est.) is 125,000,
H N M. ANDERSON, Treas.
A L L E G H E N Y C O , _ 5( JO
W. E. TH O M PSO N ,Com ptroller.
P ittsburg is the coun ty seat.
LOANSW h en D u e.

Compromise B onds—

5s, J&J, $ 1 ,2 2 5 ,3 7 5 ...Jan. 1 ,1 9 4 0
Subleet to call after Jan. 1, 1913
Court H ouse B onds—(Reg.)
4s, J&J, $ 3 0 0 ,0 0 0 ....Jan 1 ,1 9 0 8
3*28, A&O, 5 0 0 ,0 0 0 ...Oct. 1 ,1 9 0 6

I nsane

a sylum

B onds—

3*88, J&J, $250,000. .Ju ly 1, 1908

R iot Bonds-

Bonded debt Jan. 1 /9 9 . $3,390,876
F loatin g d e b t................
183
T otal debt...................... 3,391,059
Sinking fund a ss e ts...
24,988
Net debt Jan. 1 ,1 8 9 9 . 3,366,071
T a x valuation, real ..466,671,076
T ax valuation,pers’n ’l 45,769,396
T otal v aluation 1898.512,440,472
Assessment about 4 B actual value.
T ax rate (per $1,000). ’ 9 8 ... $6-00
P opulation in 1890 w as....... 551,959

48, J&J, $ 1 ,1 1 5 ,5 0 0 ...Jan. 1 ,1 9 0 6
Subject to call.
PAR VALUE.—B onds are fo r $500, $1 ,000 and $10,000.
INTEREST on the com prom ise bonds is payable at the Commercial
National Bank, P hiladelphia; on the 4 per cent riot bonds by the
C ounty Treasurer and at the office o f Townsend, Whelen & Co.. Phil­
adelphia; on the Insane Asylum bonds at the P ittsbu rg T rust Co.; on
a ll other bonds by the County Treasurer only.
T AX EX EM P T.—Of the com prom ise bonds, $1,054,000 are ta x freej JAM ES L. SjCHAADT, M ayor.
( A . L. R E IC H E N B AC H , Treasurer.
A llentow n is the cou n ty seat o f Lehigh County.
LOANS—
W h en D u e. Interest payable b y C ity Treasurer
City B ondsBonded debt Jan. 1, ’99 . $3$4,400
48, A&O,$ 1 1 ,3 0 0 .......Jan. 1 ,1 9 0 1
W ater debt (in clu ded)..
69,200
4s, J&J, 3 1 ,5 0 0 ____ Jan. 1 ,1 9 0 2 Sinking fund assets.......
32,200
4s, J&J, 4 0 ,0 0 0 ........Jan. 1 ,1 9 0 3 Net debt J an. 1, 1899..'.
352,200
4s, J&J, 5 9 ,9 0 0 ....... Jan. 1 ,1 9 0 4 T ax valuation, re a l....... 20,500,000
4s, J&J, 4 7 ,4 0 0 ....... Jan. 1 ,1 9 0 7 T a x valuation, personal
200,000
4s, F&A, 3 0 ,0 0 0 ......... A ug. 1 ,1 9 2 6 T otal valuation 18 9 9 ...2 0 ,7 0 0 ,0 0 0
4s, J&J, 4 6 ,5 0 0 ....... Jan. 1 ,1 9 2 7 Assessment about 35 actual value.
4s,F& A , 3 5 ,0 0 0 ........Aug. 1, 1927
City ta x prop, (per M.) ’9 8 .. $3 79
(Subject to call) after Aug. 1 ,1 9 0 2 School ta x (per $1,000) ’9 8 .. 5*50
R efunding B ondsP opulation in 1890 w a s.......25,22$
48, ....... $11,500......................... 1919 Population in 1899 (est.)___35,000
Subject to call after 1904.
T AX FREE.—All bonds issued by this city are exempt from taxation.

A L L E N T O W N .

iE. F. GTLES, Mayor.

A L T O O N A .—
P K; FRED . SC H E FFIE LD , Treasurer.
This city is in B lair County.
LOANS—
W h en D u e.

Sinking fu n d ..................... $52,000
Net debt Mar. 1 ,1 8 9 9 ..
857,000
W ater debt (in clu ded)..
479,000
T ax valuation, real, ’97.16,004,825
Personal p roperty not assessed.
Water B ondsAssessment about 23 actual value.
48, J&J, $ 2 5 9 ,0 0 0 ... .1901 to 1906 T otal ta x (per $1,000) ’9 8 .. $18-50
4s, J&J, 220,000, g ..l9 0 4 to 1924 Population in 1890 w a s
30,337
35,500
T ota l debt Mar. 1 ,1 8 9 9 . $909,000 P opulation in 1$95 w a s
The p opulation in 1893, as taken from the city directory, was 33,756.
T A X F R E E .—The bonds o f this city are exem pt from taxation.
IN T E R E S T on the bonds due from 1901 to 1906 is paid b y Tow nsend
W helen & Co., Philadelphia, Pa.; on others at the C ity Treasurer’s office
C I T Y P R O P E R T Y .—The estim ated value o f real estate and p er­
sonal p roperty ow ned b y the c ity Aug. 1 ,1 8 9 8 , w as $1,150,000.

I mprovement B onds—

4s, J&J, $ 1 5 0 ,0 0 0 ... .1901 to 1906
4s, J&J, 280,000, g ................ 1925
Subject to ca ll after 1905.

A ltoona S chool D istrict —
T ota l debt Feb. 1 ,1 ^ 9 8 ..$ 2 5 6 ,5 0 0
Interest payable in Altoona.




T a x valuation 18 97.. .$15,500 000
Population 1897 (est.).........43,000

6 ?

* o u t
A
5 M. T. DO N A H O E , B urgess.
A o n L . A i M J . — (G E O R G E F. RENTZ, T ow n Clerk.
This borough is in Schuylkill County.
Int. payable in Ashland.
B onded debt Jan. 3, ’ 9 9 . $73,000
T a x valuation 1898.........1,202,695
T ota l ta x (per $1,000)*98
25-00
P opu lation in 1890 w a s....... ..7 ,3 4 6
Water B onds48, A & O , 4 7 ,0 0 0 .Sept. 1 /9 9 &’ 16 P opu lation in 1899 (est.).......7,500
The borough ow ns its w ater w orks, valued (1896) at $97,953, and
other p rop erty to the value o f $21,625.
S T A T E T A X F R E E .—B onds are free from State tax .
LOANS—

W h en D u e.

Common B onds—

4s, Jan. 3, $ 2 6 ,0 0 0 ....Jan. 3 ,1 9 1 3
(Subject to call after 1903.)

B E A V E R

F A L L S ,

This borough is in Beaver County.
LOANS—
W h en D u e . I 5s, June, $1 1,50 0.......1898 to 1922
G eneral I mprovem ’ t B onus— |4s, J &J, 7 ,0 0 0 ........ 1899 to 1905
6s, J&D, $4 ,400..........1899 to 1906 Interest payable in B eaver Falls.
Subject to call.
Total debt Jan. 1 ,1 8 9 8 .. $113,550
4s, M&S, $3 5,60 0....... 1899 to 1904 T ax valuation 1898.........4,418,966
Street I mprovement B onds— A ssessm ent about 23 actual value.
5s, Oct., $4 ,400.........1899 to 1906 P op u la tion in 1898 (est.)... 12,000
5s, Sept., 46 ,0 0 0 .........1899 to 1921 P opu lation in 1890 w as___ 9,735

B E L L E F O N T E . — I saac M itc h ell ,

Clerk

of

C o u n c i l . —This borough is m Centre County.
L O A N S—
W h en D u e .
T a x v a lu a tion , r e a l.......$1,584,050

R efunding B onds—

3igs, $100,000.
Interest payable in Philadelphia.
Bonded debt Sept. 24, ’ 9$ $100,000
F loatin g d eb t....................
10,000
Total debt Sept. 24 ,189 8. 110,000

Tax valuation, personal. 1,315,962
Total valuation 1897___ 2,900,012
Total tax (per $1,000)’97
27*00
Population in 1890 was........ 3,946
population in 1$80 w as........ 3,026

B E L L E V U E . — J. M. S im e r a l , Sec. of Council.
This borough is in AUegheny County.
*
B onded debt Jan. 1, ’99. $126,500
LOANS6s............. $7,500
Assessed valuation 18 9s.2,500,000
58, ....... . 13,^00
A ssessm ent about 50% aot’l value.
4*2S, . . . . . 21,500................................ T ax rate (per $1,000) ’ 9 8 .. $18-00
4ifl8,
, 36 ,000.................................. P opu lation in 1890 w a s ........ 1,418
Sew er B ondsP opu lation 1898 (estim ated) .4,000
48, ........ ,$ 4 8 ,0 0 0 ....1 9 1 4 to 1924
D ue $¿,00 0 y early 1914 to 1920;
$8,000 1921 to 1923, and $10,00 0 in 1924).

B E T H L E H E M . — H . A . G r o m an , Secretary.
This borou gh is in N ortham pton County.
Bonded debt Jan. 1 ,’9 9 .. $192,300 Tax rate (p e r $ l,0 0 0 ) 1 8 98..$ 14-60
A ll 4% borough bonds.
P opu lation in 1890 w a s.........6,762
A ssessed valuation ’99.$3,748,211 P opu lation in 1899 w a s ........ 9,000
d t
a i d
5 M. H. FA G L E Y , Pres. B oard Comm issioners.
E 3 i _ , A I ± - t Kj \ J .— ( W. S. HOSTLER, Clerk.
County seat is H ollidaysburgh.
LO AN SW h en D u e . Bond, debt Mar. 1 ,1 8 9 9 $197,000
County B onds—
T ax valuation 1898___ 31,261,957
3-65s, J& J, $ 3 4 ,0 0 0 ...Jan. 1 ,1 9 1 8 State & Co. ta x (p. $1,000)’ 98.$9-00
4s, . . . . . . 163,000........................... Population in 1890 w a s...... 70,860
Interest payable at Co. Treas. office Population in I 8 8 0 w a s ___ 52,746

B L O O M S B U R G . — W . 0 . H olmes , Mayor,
This tow n is in Colum bia County.
LOANS—
W h en D u e.
T ax valuation 1897.......$2,329,814
City H all and Sewer B onds— A ssessm ent about % actual value.
4 1es&5s, F&A, $3 7,50 0...... A ug. 1, Tow n ta x (per $1,000)............ $9-00
1896 to 1912 Population in 1897 (est.).___ 7,000
4s........... . $ 1 5 ,0 0 0 ....A ug. 1, 1917 Population in 1890 w a s......... 4,635
Interest at office o f T ow n Treas.
P opulation in 1880 w a s. . . . . . 3,702
Total debt Aug. 1 ,1 8 9 7 ___$60,000

B R A D D O C K . — P. S. T odd , City Treasurer
This borough is in A llegheny County.
Sewer, 5s............................ $60,000
LOANS—
W h en D u e.
Sew er and Street B onds—
Street, 5 s............................ 107,000
4 1as, M&S, $102,000___ 1898-1926 T otal debt Jan. 1 ,1 8 9 9 .. 278,000
R eservoir B onds—
T ax valuation 1 8 9 8 ........5,433,392
4*28, A&O, $ 8 1 ,5 0 0 ....O c t., *99-’ 27 A ssessm ent about % actual v a lu e.
(Various am ounts yearly.)
P opulation in 1890 w a s ... . 8,561
W ater B onds—
P oD u iatloom 1894 (o s 1 ,)...ll 500
5s, J&J, $5 8,00 0.........Jan. 1 ,1 9 0 4
( GEO. C. FAGNAN, M ayor.
( A . D.< SLOAN, C om ptroller.
This city is in M cK ean County.
Sinking fund assets.........
$7,500
LOANS—
W h en D u e.
Building B onds—
Net debt M arch 1 ,1 8 9 9 .
58,500
6s, M&N, $ 5 ,0 0 0 ........... 1900-1904 T a x valuation 189 ^.........1,130,000
($1,000 due yearly on M ay 1.)
Assessment is about 23 actual value
4 s , ....... $3 0,00 0................1906-1926 T otal ta x rate (per M.) ’99..$10-25
($10,000 due every 10 years.)
P opulation in 1890 was . . . .10,514
Water Works B onds—
P opu lation in 1899 (est.> ...20 ,000
6s, J&D, 25,000........ Dec. 1 ,1 9 0 3
School D istrict B onds—
Bonded debt Mar. 1, 1899.$60,000 6s, J& J, $6 0,70 0.........P art yearly
F loating debt .....................
6.000 Tot. sch. debt M ar.20/98
21,200
T otal debt Mar. 1 ,1 8 9 9 ... 66,000
T A X FREE.—School bonds and city bonds w ben held outside the
State are exem pt from taxation.
INTEREST on the w ater w orks bonds is p ayable at the Seaboard
National Bank, N. Y .; on the bu ilding bon ds at the B radford N ational
B ank; on the school district bonds b y City Treasurer.

B R A D F O R D ,

B R A D FO R D

C O . — J. G. W a l d r o n , Treasu'r.

Tonaw anda is the cou n ty seat.
LOANSWhen D u e.
.s, J& J, $5 0,00 0.........Jan. 1 ,1 9 0 2
s. J& J, 100,000........ Jan. 1 ,1 9 0 7
B on d ed d eb t Jan. 1 /9 9 . $150,000
Assessed val’ ation,real.20,150,820

A ssessedval’ation.per’l $1,164,054
T otal valuation 18 99...21,3 14,8 74
c o u n t y tax (p erM ) 1 * 9 9 ___ $2-50
Population in 1890 w a s......59,233
I P op u la tio n in 1898 (est )...7 0 ,0 0 0

C A R L I S L E . — W . E. E in g h t , Burgess.
Carlisle is in Cumberland County. The borough ow ns (1898) gas,
water and electric light stock valued at $65,000, besides real estate
w orth $7,000, and the m arket, from w hich a revenue o f $5,000 a yeai
is derived.

Voi. LXVIII

STATE AW® CITY SUFfiEMEWT,

6 8

Int. paid b y Carlisle D eposit B an k
LOANS—
W h en D u e.
Bonded debt Feb. 1, ’ 9 8 .. $86,200
G e n e r a l P urposes —
1,500
4s, A&O, $ 1 6 ,0 0 0 ....A pr. 1 ,1 9 0 7 Sinking fu n d .....................
84,700
4s, A&O, 1 8 ,0 0 0 .... A pr. 1 ,1 9 0 8 Net debt Feb. 1 ,1 8 9 8 ...
. . . Jan. 1 ,1 9 0 9Total valuation 1897-----5,000,000
4s, J&J, 25 .000.
... July 1 ,1 9 0 9 Assessm ent is 23 actual value.
4s, J&J, 2 0 .0 0 0 .
1 .7 0 0 ..
..A p r. 1 ,1 9 0T
7 otal ta x (per ($1,000).........$13'50
3 ‘6s, A&O,
in 1890 w a s......... 7,620
5 .5 0 0 ..
.. Ju ly 1 ,1 9 1 Population
1
4s, J&J,
15 ,0 0 0 ............................ P opulation in 1896 (e s t.)... 11,000
4s, . . ,

r n D D V
5 N A T H A N IE L STONE. M ayor. \
O L J .r T .J r i jl .— \ o . 8. WILSON, C om ptroller.
This city is in E rie County.
LOANS—
W h e n D u e. I Assessm ent about 23 actual value.
R e fu n d in g B onds I Total ta x (per $1,000)...........$34*00
4s, M&N, $100,3 00....... M ay 1. ’ 29 I P opulation 1898 (local au(S u bjectto call after M ay 1,1 904 .) I thority) ...................................7,000
B onded debt A pr. 1, ’99 . $100,300 I Population in 1890 w a s........5,677
T a x valuation 1898 . . . . 1,724,286 |Population in 1880 w a s........5,277

O P T IO N A L .—A ll bonds are subject to call on 60 days’ notice.

C R A W F O R D

T A X F R E E .—The bonds are all exem pt from taxation.

C A R N E G I E .— R . J. H

a r d y , Clerk of Council.
This borough, w hich is in A llegheny County, w as form ed in 1894 b y
the consolidation o f the borough s o f Chartiers and Mansfield.
I m p ro vem en t B onds 4*28—
LOANS—
W hen D u e.
$7 5.00 0............................. 1906-1928
School B onds­
Bonded
debt Mar. 1, '9 8 . $60,300
e s , $40,000.. . . .......1918 to 1928
F loatin g d eb t..................
5,765
C h a r t ie r s B orough B onds —
T
ota
l
debt
Mar 1 ,1 8 9 8 .
66,065
$18,000............................ 1899-1910
Assessed valuation ’ 98 .-3 ,5 0 0 ,0 0 0
M an sfield B orou gh B onds —
$15,500............................ 1899-1910 Assessm ent about 23 actual value.
T ax rate (per $ l.o n o ) 1898.S14-00
Ca r n e g ie B onds—
$22,000............................ 1911-1921 P opu lation in 1898 (e s t .)...1 0 ,0 0 0

T A X E X EM PT .—B onds are fre e o f tax.

C H A M B E R S B U R G — E. J. B l a c k , Treasurer.
This borough is the capital o f Franklin County.
LOANSW h en D u e. T otal debt Jan. 1, ’ 9 9 ____$107,000
T otal valuation 18 97___ 2,395,052
B orough B onds 4138, A&O, $ 3 6 ,0 0 0 .... A pr. 1 ,1 9 1 9 A ssessm ent is 23 actual value.
County ta x (per $1,000) 1898.$4'00
E lec tric -L ig h t B onds —
4*3s, J&J, $ 7 ,5 0 0 ... .Jan. 1 ,1 9 0 5 B ond ta x (per $ 1 ,000 )............ 4 -00
4s, A&O, 8 ,5 0 0 .... A pr. 1 ,1 9 2 2 B orough ta x (per $1 ,000 )___ 5 -00
School ta x (per $1,000).......... 6*00
W a t e r B onds —
413s, J&J, $ 2 6 ,5 0 0 ....Jan. 1 ,1 9 1 9 P opu lation in 1890 w a s.........7,863
4s, J&J, 2 8 ,5 0 0 .... Jan. 1 ,1 9 2 1
O P T IO N A L .—A n y o f the above bon ds m a y b e called fo r paym ent
a t the option o f the counbil.
T A X FREE—A ll bonds o f this borough are free from local ta x and
the 4 per cent w ater bonds are exem p t from all taxation.
p i u u ’ C T 'i T D
( JKO. L. H A W TH O R N E , Com ptroller.
O r T lL O 1
l F R A N K W. H A R R ISO N , Clerk.
Chester is situated in D elaw are County.
4s. J& J, $ 8 0,00 0.........Jan. 1 ,1 9 2 9
LOANS—
W hen D u e.
(Subject to ca ll after Jan. 1 ,1 9 0 9 .)
Cit y B onds —
5s, J&J, $182,000...................... 1899 B onded debt A p r. 1, ’99 ..$ 6 8 8 ,0 0 0
13,867
4s, J&J, 321,000 . . . 1901 to 1918 Sinking fu nd ...................
4g, M&S, 80,000 g ................. 1926 N et debt Apr. 1 ,1 8 9 9 ..
674,133
Optional after 1906.
T ax valuation 1 8 98___14,743,196
4s, ......... 2 5 ,0 0 0 .... July 1 ,1 9 2 7 Total ta x (per $1,000) 1898.$20*00
(Subject to call after 1902.)
Population in 1890 w a s___ 20,226
Population in 1899 (est.)... 35,000

C H E S T E R G O .— E . V

in t o n

P h il ip s ,

Treasurer.

The county seat is W est Chester.
LOANS—
W h en D u e.
Co u nty Ce r t if ic a t e s —
4s, A&O, $7 7,00 0............................
Total debt M arch 1 ,1 8 9 9 . $77,000

C L IN T O N

I T ax valuation 18 9 8 ...$ 5 1 ,8 3 3 ,3 3 4
I State & Co. ta x (per M.i 1898.$6*50
I P opulation in 1890 w as___ 89,377
I

C Q , — R. W . A . J a m i s o n ^ Treasurer.

County seat is Look ffàvèfi.
B onded debt Jan. 1, ’99 . $159,200
Sinking fu n d ............ . . .
42,841
N e td e b t Jan. 1 ,1 8 9 9 .... 116,359
Assessed valuation, real.6,0 9,788
Assessed valuation, per.. 594,519

Total valuation 1899. ..$6,684,309
T a x rate (per $1,000) 1899
(State and C oun ty.)..........$11*00
Population in 1899 (est.).. 29,000
Population in 1 8 90............... 28,685

C O A T E S V I L L E . — C. 1ST. S p e a k m a n , Treasurer.
This borough is in Chester County,
F unding B onds LOANS—
W hen D u e.
48, J&J, $9 ,900...........................1926
R efunding B onds (Subject to call after 1906.)
48, J&J, $76,980.........................1911
Subject to caU a fte r...............1901 Bonded debt M ar 7 .1 8 9 8 $128.180
T ax valuation, rea l.........1,853,036
R e p a v in g Str e ets —
4*s 8, J&J, $ 1 5,80 0.W ithin 23 years T ax valuation, personal. 225,558
T otal valuation 1897___ 2,078,594
W a t e r B onds —
4s, J& J, $2 3,00 0......... Jan. 1 ,1 9 2 7
Assessm ent is % actual value.
(Subject to call) after July 1 ,1 8 9 8 T otal ta x (per $1,000) ’ 95...$14*50
4s, J&J, $2 ,500...........................1926 Population in 1890 w a s.........3,680
P opulation 1896 (estimated) ,4,50o
T A X FR EE .—A ll bonds issued by this borough are ta x exem pt.
INTEREST on the refunding bonds is payable b y T ow nsend, Whelen
& Co., Philadelphia; on the street repairing bonds at the National
B ank o f Chester Valley, Coatesville, on the fu nding and w ater bonds at
the B oro’ Treasurer’ s office.
W A T E R W ORKS.—The borough ow ns its w ater w o r k s; cost o f con
tra ction , $60,000.

C O L U M B I A . — A . G. B e a l t i e , Burgess.
Columbia is in Lancaster County.
LOANS—
W h en D u e. I T otal debt A pr. 1 ,1 8 9 9 . $ 1 7 0 ,0 0 °
R efunding B onds—
|T a x valuation 1898..........3,027,225
3 *38 , A&O, $158,900. .A pr. 1 ,1 9 2 9 |Assessm ent nearly *3 actual value.
(Subject to ca ll after A pr. 1,1909.) I T otal ta x (per $1,000 )......... $14*50
F unding B onds —
|Population m 1890 w as....... 10,599
3 1* s. A&O, $ 1 1 ,1 0 0 .. A pr. 1 ,1 9 2 9 I P opu lation in 1899 (e st.)... 14,000
(Subject to call after A pr. 1 ,1 9 0 9 .) |
O P T IO N A L —B onds are subject to caU 5 years from date o f Issue.
INTEREST is p ayable at the Central National Bank.

C O N S H O H O C K E N . — j f r a n w s <L u & m £ rfr e a s .
This borou gh is in M ontgom ery County.
LOANSW h en D u e. T ax valuation 1896___$2,098,669
Assessm ’t abt. 50 p.c. actual value,
R efunding F unds ’96—
4s, J&J, $ 4 2 ,0 0 0 ... .Ju ly, ’01 to ’ 26 S chool ta x (per $1,000)...........$4*00
B orough ta x (per $1,000)...... 7*50
($7,000 due every five years).
T ota l debt Feb., 1 8 9 8 ..
$42,000 Population in 1890 w as......... 5,470
The borough p ays all taxes on its bonds.




C O . - ■El b e r t S m i t h , Treasurer.

County seat is M eadville.
L O A N S—
W h e n D u e.
Co u nty B onds 4s, Dec. 31, $9 9,00 0.........Optional.
Interest payable in M eadville.
B onded debt Mar. 1 .1 8 9 9 .$ 9 9 ,0 0 0
B onds are exem p t from taxation ,
o f its actual value.

F loatin g d e b t.................
$50,000
T otal debt Mar. 1 ,1 8 9 9
149,000
T ax valuation 1 8 9 8 ___20,828,797
C ounty ta x (p. $1,000) .1899 $6*°0
P opu lation in 1890 w as___ 65.324
P rop erty is assessed at about *3

D A N V I L L E .— H

arry
E l l e n b o g e n , Treasurer.
This borough is in M ontour County.
Floating debt (additional) $4,500
LOANS—
W h en D u e .
W a t e r B onds Assessed valuation, real. 861,827
48, J&J, $91,700.................... A t call Assessed valuat.n, pers’l
36,011
B oro u g h B onds —
Total valuation 1 8 9 7 .... 897,838
4s, M&N, $ 1 3 ,7 0 0 ....N ov. 1 ,1 9 1 2 A ssessm ent about *3 actual value.
Subject to call at any time.
Total ta x (p erM ) 1898....... .$47-00
Interest payable in Danville.
P opulation in 1890 w a s........7,998
B onded debt Feb. 27, ’99.$105,400 P opu lation in 1896 (est.)......8.500

D A U P H IN

C O . — A . L. E t t e r , Treasurer.
County seat is H arrisburg.
LOANS A m o u n t, j T ota l debt Ju ly 1 .1 8 9 8 $322,000
B onded debt Ju ly 1, ’9 8 ..$ 2 5 2 ,0 0 0 T ax valuation 1897....... 51,424,500
F loatin g d eb t..................... 70,000 I Population in 1890 w a s___ 96,977
D E L A W A R E

C O . - -H. M . A

County seat is Media.
LOANS—
W hen D u e.
W a r D ebt —
3*38, A&O, $ 4 0 0 ,0 0 0 ..Oct. 6 ,1 9 0 6
Subject to call after 1900.
Interest p ayable in Media.

sh

,

Treasurer.

B onded debt Sept. ,’9 8 .. $400,000
T ax valuation in 1896.-48,051,076
A ssessm ent about 23 actual value.
Population in 1890 w a s __ 74,683
Population in 1880 w a s __ 56,101

D U B O I S . — This borough is in Clearfield County.
Bonded debt Jan. 30, ’ 99.$114,800 A ssessed valu a t’ n ’ 9 8 ..$2,276,621
F loatin g debt..................... 60,738 A ssessm ent about *9 actual value.
T otal d ebt Jan. 30, 1899. 175,538 T a x rate (per $1,000) ’ 98 ...$31 *60
Sinking fund a ssets......... 64,353 P opulation in 1890 w a s___ 6,149
Net debt Jan. 30, 1 8 9 9 ... 111,185 P opu lation in 1899 (e st.).--1 0 ,0 ' 0
i r a c 'T 'r > A T
5 D B * B. R U SH FIE LD , M ayor.
f i - A o I LJJN . — I JAM ES R. BUTZ, Treasurer.
E aston is situated in Northam pton County.
W h en D u e. Assessment is % actual value.
LOANSState ta x (per $ 1 ,000 ).............$4*00
Cit y L oan —
4s, semi-an., $ 3 14,0 00.y ’ rly to 1925 County ta x (per $ 1 ,000 )......... 1*80
3*38, A & O , 120,20 0.A pr. 1 ,1 9 2 8 City ta x (per $ 1 ,000 ).............. 6*50
Interest p ayable b y City Treasurer. School t a x ................................. 6*00
T otal debt Feb. 15, ’ 98 . $314,000 P opulation 1890 w a s........... 14,481
Sinking fu n d ...................
5,400 Population 1880 w a s........... 11,924
Net debt Feb. 1 5 ,1 8 9 8 .
308,600 P opu lation in 1897 (e s t.)... 17,600
T ax valuation 1897___ 11,900,000
T A X FREE.—All bonds of this city sre exempt from taxation.
C IT Y P ROPERTY—The city owns its electric-light plant.
T t?
< W. W. GTNGRICH. Comptroller,
■E'-TU.-Eli.— ) F. H ANLON, C ity Clerk.
This city is situated in the coun ty o f the same name.
. P rin c ip a l,LOANS“
-— In terest .— >
W h en D u e. O uistand'g.
NAME AND PURPOSE.
Baie P a ya b le.
R efunding, 1887........................ 4
J & J Jan. 1, 1907 $186,500
50,000
do
1889........................ 4
M & S Mch. 1, 1909
500,000
do
1894........................ 4 g J & J Jan. 1, 1914
Ail bonds issued b y this city are free from State ta x to the holders.
R efu nding bonds o f 1887 are subject to call after Jan. 1 ,1 8 9 7 .
PAR VALUE OF BONDS.—Bonds are for $1,000 and $500.
INTEREST on the 1887 loan is payable at the C ity Treasurer’ s
office, and at the Im porter’ s and Traders’ Bank, N. Y .; on the loan o f
M arch 1 ,1 8 8 9 , at the C ity Treasurer’s office and at the First N ational
Bank, N. Y .; on the 1894 loan at the First National Bank, N. Y.
T O T A L DEBT, SINKING FUNDS, E tc —
Sept. 1,1 898 . Sept. 1, 1897. J a n . 1,1897.
T otal bonded d eb t...................... $806,500
$841,500
$841,700
W ater debt (included a b o v e )... 517,012
517,012
517,012
The city has no floating debt.
The sinking fund receives yearly a certain sum from the ta x levy, n ot
exceeding 3 mills and n ot less than *4 o f a m ill on a dollar; on M arch
1 ,1 8 9 9 , the fund am ounted to $128,429 39.
C IT Y P RO PERTY.—The city ow ns real estate and personal p rop ­
erty am ounting to $2,804,167 as follo w s:
$89,375
Fire p rop erty .....................$117,260 Other real estate...........
W ater p rop erty .........— 1,581,895
T ota l............................. $2,804,167
City H all........................... 166,337
School prop erty............... 869,300
ASSESSED VALUATION.—The city ’ s assessed valuation (about
two-thirds o f the cash value) and ta x rate have been as fo llo w s :
T ears.

Total A ssessed Total o f Tax
V a lu a tion ,
p e r $1,000.

T ears.

Total Assessed, T o'a l o f Tax
V a lu a tion
p e r $1,000

1 8 94......... 16,184,312
1890......... 14,214,195
1 8 80......... 11,518,904

$24*00
$24-00
18 98.........$19,158,588
26*50
24*50
1897......... 17,949,389
23*00
1896......... 17,602,361
24*50
1895......... 17,424,774
24*75
POPULATION.—In 1890 popu lation was 40,634; in 1880 it waa
2 7 ,7 3 7 ; in 1870 it w as 19,646; in 1898 estim ated at 58,000.
E r ie

S c h o o l D is t r ic t . —

LOANS—
W h en D u e,
4s, A&O, $1 4,50 0............ O c t , 1899
4s, M&N, 22 ,500............ 1899-1901
t$2,500 yearly in Nov. to 1899 and
$10,000 yearly 1 9 00-0 1)
4s, A&O,$34,000 ......... 1900-1907
($4,000 yearly in Apr. to 1906 and
$6,000 in 1907J

W . J. F l y n

n , C'k B’ d Ed4s, A&O. $5 5,000...........1899-1909
($5,000 annually in Oct.)
B on d ed d eb tM a r 1 , ’9 9 ..$ 1 3 0 ,0 0 0
School tax (per M.) ’ 9 8 .......... $8*00
(For valuation , p opulation, &c.»
see city o f Erie,)

FEWV SYtVAWIA—0 ITI ES A m TOWNS,

April, 1899.

F A Y E T T E C O . — 0 . R. B
County seat Is Uniontown.
^LO AN S—
W h en D u e .
Court H ouse B onds—
4s, M&N, $ 1 4 9 ,9 0 0 .......... .
1899
($9,000 due yearly) to 1915
4s, J&D, $2 1,00 0.........$5 ,000 y ’rly
Interest payable in U niontown.

r o w n f ie l d

Com.Clerk.

Total debt Jan. 1 ,’ 99 ... $170,900
T otal valuation 1 8 9 8 .. 33,516,994
Assessm ent about % actual value.
State ta x (per $1,000) 1899..$4*00
County ta x (per $ 1 ,0 0 0 )’9 9 .. 4-00
Population in 1890 w a s....... 80,006

t—
T a T~~> d t c t~>t t i—i /™5 JOH N A. F R IT C H Y , M ayor.
n
U UAL j . — i CHAS. A . M ILL E R , Clerk.
H arrisburg, the capital o f the State, is situated in Dauphin County.
-In te rest.■P r in c ip a l.LOANSW h en D u e.

R a te P a ya b le.

6
6
6
4
4
4
4
6
6
5
4
4
4
4

do
do
do
do
do
do
Y boni
do
do
do
do
do
do

J
J
J
J
J
J
J
J
J
J
J
J

&
&
<fc
<fc
&

&
&
<fc
&

tfc
&

Outstand'a.

Ju ly 1, 1903
Jan. 1, 1904
Ju ly 1, 1904
Jan. 1, 1913
Jan. 1, 1914
Jan. 1, 1915
Jan. 1, 1916
Jan. 1, 1903
Ju ly 1, J.904
Ju ly 1, 1900
Jan. 1, 1901
Ju ly 1, 1920
1918
1917

J
J
J
J
J
J
J
J
J
J
J
J

$101,40(1
91,000

7,60 q

130,500
26,700
265,000
77,700
14,900
10,000
14,000
60,000
65,000
34,700
5,400

69

i R . A . ORBISON, Burgess.
[ J. R . PATTON, Secretary.
This borou gh is the cou n ty seat o f H untingdon County.
LOANS—
W h en D u e .
B onded debt Sept. 1. ’ 9 8 ... $58,300
Street Improvement B ondsT ax valuation 1 8 9 8 ....... 1,645,975
48, J&J, $ 5 ,4 0 0 ... Ju ly, 1899-1904 Assessm ent ab ou t *3 actual value.
4s, J& J, 1 9 ,0 0 0 .... Ju ly, 1899-1909 T otal ta x rate (per M.) ‘ 9 8 ..$ 2 9 -2 5
4s, J& J, 20,600.. ..J u ly , 1899-1910 P opu lation in 1890 w a s........5,729
F unding B onds—
P opu lation in 1898 (est.)...... 6,000
....... $1 3,300............ Ju ly 1899-1910
INTEREST on the bonds is payable at Huntingdon.
T A X FREE.—All bonds of this oity are exempt from taxation.

H U N T IN G D O N ,

IN D IA N A

CO.

C ounty seat is Indiana.

W h en D ue.

LOANS-

County B onds—

4-4s, .. $2 4,45 0......................1900
4*4s........ 4 0 ,0 0 0 ..................... 1901
Interest payable in Indiana.
T otal debt Jan. 1 7 ,1 8 9 8 ...$ 8 1 ,1 0 0

T a x valuation , real....... $8,221,806
T a x valuation , personal
412,929
T ax valuation 1 8 97....... 8,634,735
Co. ta x ra te (p e r $ l,0 0 0 ).
6-00
P opulation in 1890 w as....... 42,175
P opu lation in 1 8 80w a s........40,527

T F ’ T V J R T M T 'O W I TvJ
I W IL L IA M H. FRETZ, M ayor.
J .Eh IN I S . I IN 1 U W 1 N . — l BYR O N M cC R A C K E N , Secretary.
This borough is in M ontgom ery County.
LOANS—
W h en D u e . I T ax valuation 1897....... $1,148,790
5s, A&O, $3 9,60 0.........Oct. 1, 1898 | T ax rate (per $ 1 ,0 0 0 ...
12-25
(Part due yearly) to Oct. 1 ,1 9 1 5 Population in 1890 w a s......... 1,609
B onded debt Feb. 1 5 ,1898.$39,600 Population in 1897 (est.)....... 2,100

T A X FREE.—A ll bon ds are exem p t from taxation.
IN T E R E ST is payable at the office o f the C ity Treasurer.
T O T A L D E B T .—The city ’s bonded debt on A pr. 4 ,1 8 9 8 , was $938,
100; sinking fund assets, $105,020; net debt, $863,080, n o t including
$110,700 im provem en t bonds, payable b y assessm ents. The net debt
in 1895 was $9 90 ,8 0 0 ; in 1892 it was $1,020,031.
The sinking fluid receives yearly appropriations sufficient to p ay in
terest on the city ’ s debt and 5 per cent o f the p rin cipal.
C I T Y P R O P E R T Y .—The oity ow ns a w ater w orks and other avail
able assets am ounting to ov er $2,000,000
ASSESSED V A L U A T IO N .—The city ’ s assessed valuation (estim ated
to be about the full, value* and ta x rate have been as f o llo w s :
Y ea rs.

Total A ssessed R a te o f Tax
V a lu a tion ,
p er $1,000.

Yea rs.

Total A s se ss e d h a t e o f T ax
V a lu a tio n , p e r $1,000

1 8 98.........$25,314,474
.........
1 8 90......... $20,412,135
1 8 9 6 ......... 23,500,000
$22-50
1 8 89......... 21,396,240
18-833 1 8 80......... 5,384,629
1 8 9 4 ......... 22,500,000
The city ’ s ta x rate fo r 1896 is $7-00 p er $1,000.

P O P U L A T IO N .—In 1890 popu lation w as 3 9 ,3 8 5 ; in 1880 it was
30 .762 ; in 1870 it w as 23,104. The popu lation at present, a ccord in g
to lo ca l estim ate, is o v e r 57.000

H arrrisburg S chool D istrict .- -D. D .
b a u g h , Secretary.
This district, com prising the oity
C ounty.
LOANS—
W h en D u e.
4s, A&O,
$ 6 0 0 ___*Oct. 1, 1901
4s, A& ), 7 5 ,0 0 0 ....... Jan. 1 ,1 9 0 6
4s, A&O, 1 2 ,0 0 0 .... June 1 ,1 9 0 8
4s, A& O, 18 ,000 .. .‘ A p ril 1, 1910
4 s, A&O, 3 0 ,0 0 0 ...fO ct. 1, 1921
48, A&O, 2 0 ,0 0 0 ...tA pril 1 ,1 9 2 2
4s, A& O. 7 0 ,0 0 0 ...tO o t. 1 ,1 9 2 2
4s, A&O, 85,OOO...JOct. 1. 1914
4s, A&O, 25,« 00 . {A p ril 1 ,1 9 1 6
4 s,A & O , 5 7 ,5 0 0 ....O c t . 1, 1916
4 s ........... 63,000 . . . Jan. 1, 1917

H am m el -

LOANS-

W h en D u e,

W ater B onds—

4s, J&J, $8,000 ...........Jan. 1 ,1 9 2 4
Subject to call after 10 years.

H ighw ay & B ridge B onds—

5s, J&D, $9 3,50 0....... June 1 ,1 9 2 1
Subject to call after June 1,1 901

Old B orough B onds—

4s, . . . . . $1 ,800..........................1899

R iver I mprovement B onds—

5s, M&N, $2 6,30 0....... M ay 1 ,1 9 2 1
Subject to call after M ay 1 ,1 8 9 6

Street I mprovement —

4^28, M&S, $ 1 7 ,5 0 0 ...Sept. 1 ,1 9 2 3
Subject to call after Sept. 1 ,1 9 0 3

Bond, debt Feb. 15, ’9 9 .. $54,700
T a x valuation (real) ’96 .1 ,1 2 5 ,0 0 0
City ta x rate (per $ 1 ,000 )___ $4-00
Population in 1890 w as.........2,975
Population in 1897 (est.) ....3 ,0 0 0

413s, M&S, $2,500 .Optional.
4 1aS, J& D, 4 5 ,0 0 0 ..O p t.after 1913 1

IN T E R E S T on the borough bonds and on the $2,500 o f w ater bon ds
is p ayable at H ollid ay sbu rg ; on the 4 ^ 8 o f 1913 at Philadelphia, Pa.

H O M E S T E A D .-ig -o o r e Ä T r S S r .
This borough is in A llegheny County.
LOANS—
W hen D u e.
School B onds—(Con.)
Street and Sewer B onds—
5s, M&N, $ 1 0 ,0 0 0 ............................
5-48, J&D, $46,000 y rly ’ to 1914 4-3s, J& D, 2 5 ,0 0 0 ..June 2 0 ,1 9 1 0
5-4s, J&D, 25,000 y ’ rly to 1918 5s, J&D,
5 ,0 0 0 ............................
5*4s, M&S,
5,000 .Sept. 1, 1905 Overdue b on d s....... ...............$1,000
5*4s, M&S, 20,000 .Sept. 1, 1915 B onded debt Feb. 15,’9 9 .. 277,500
5s, M&S, 11.000.
M a r.l,’ OOto TO
F loatin g d e b t....................
8,000
5-4s, M&S,
9,500 1899 to 1912 T otal debt Feb. 15 ,1 8 9 9 .. 285,500
5-4s, A&O, 3 ,0 0 0 ...1 8 9 9 to 1904 W ater bonds (incl. above). 113,000
5-4S, J&J, 2 0 .0 0 0 .
. . . Jan. 1 ,1 9School
17
bonds (in clu ded).. 70,000
Optional after 1902
T ax valuation 1898......... 4,387,895
Water B onds—
Assessm ent about % actual value.
5*4s, M&S, $1 5,00 0.. Y early to ’09 B orough ta x (p’r $1,000) ’ 98..$9-00
5-4s, M&S, 1 5 ,0 0 0 ..Sept. 1, 1910 County ta x (per $ 1 ,000 )........ 2-00
5*4s, A&O, 2 7 ,0 0 0 ..Y early to ’ 16 School ta x (per $1,000) 1898. 8-00
5s, A&O, 5 6 ,0 0 0 ..Oct. 1 ,’ 9 8 ’ 16 Population in 1890 w as......... 7,911
School B onds—
Population in 1880 w a s......... 592
5 -4s, M&S, $30,000.......P art yearly P opulation in 1897 (e st.).--.10,000

J U N I A T A C O . — County seat is M ifflintown.
W h en D u e. I T a x valuation, real...... $4,573,910

LOANS-

County B onds-

38 & 4 s , $140,049.........................
Interest payable b y County Treas.
Bonded debt Aug. 1, ’ 96 ..$ 1 4 0 ,0 4 9
Sinking fu n d ..................
$21,162

LOANS—

W h en D u e.

B orough & Water B onds-

48, J&J, $ 4 0 ,0 0 0 .........Jan. 1 ,1 9 1 4
Int. payable in Kennett Square.
Sinking fu n d ........................ $3,500
Net debt Jan., 1 8 99............. 37,500
T ax valuation, rea l............. 740,360
The borough pays all taxes on its

L A C K A W A N N A

C O .— County seat is Huntingdon.

Floating d e b t................... $32,122
Total debt Jan. 1 ,1 8 9 8 .. 112,622
T
ax valuation, re a l......... 4,924,384
o ’ 02
^ 8’ | A&o[ ( $61,000^
•pu-L’vrvw ^ 1898
part tyr’ly.
T ax valuation, personal. 519,140
5 s, A&O, $19,500....... 1902 to 1906 T ax valuation 1895..........5,443,524
(P ayable part yearly.)
Assessm ent about *3 actual value.
Interest paid b y County Treas.
T otal ta x (per $ 1 ,0 0 0 )..........$18-00
B onded debt Jan. 1 ,1 8 9 8 .$ 8 0 ,5 0 0 Population in 1890 w a s___ 35,751
LOANS-

B ridge B onds—




W h en D u e.

T ax valuation , personal. 555,368
T otal valuation 18 95___ 5,129,278
T otal ta x (per $1,000)...........$10-00
Population in 1890 was___ 16,655

T ax valuation, personal. .$374,332
T otal valuation 1898....... 826,505
Assessm ent same as actual value.
Total ta x (per $1,000) ’9 8 ..$ 1 4 00
Population in 1890 w a s.........1,326
P opu lation in 1899 (est.).......1,600
bon ds

CO.

-C. F. W a g n e r , Clerk.

County seat is Scranton.
LOANS—
W hen D u e.

Total debt Jan. 1 ,1 8 9 9 ...$ 2 3 5 ,0 0 0
V aluation, rea l............ 26,e21,431
Valuation, p e rs o n a l...
3,388,685
T ax valuation 1 8 9 7 ... 30,010,116
Court H ouse B ondsA ssessm ent about *s actual value.
48, J&D, $ 1 3 5 ,0 0 0 .........................
C ou n ty ta x p er ($1,000) ’ 97. $7-00
Interest p ayable b y County Treas. P opulation 1890 w as.......... 142,088
T A X E S on the above securities are paid by the County.

R efunding B onds—

4*28, J&D, $ 1 0 0 ,0 0 0 ..Deo. 1 ,1 9 0 4
Bonds all optional after 2 years.

SIMON SH IS8LE R , M ayor.
J. H. R A TH FO N , Treasurer.
This oity is the capital o f Lancaster County.
LOANS—
•— In terest .— , ,--------------- P r in c ip a l. -------------- ^
NAME AND PURPOSE.
R ate. P a ya b le.
W h en D u e.
O utstand’g .
Judgm ent bonds, 1895. 4
A & Ò
Oct. 1 ,1 9 2 5
$ 120,000
1915.
R elief fu n d ................... .. 6
Jan.
A pr. 1 ,1 9 0 5 to ’ 20
14.000
School bonds, 1 8 9 5 ... . 4
1915
100,000
do
do 1 8 9 7 ... . 4
10.000
W ater loan (r e g .)....... . 4
A & O
Apr. 1, ’ 99, to 1901
41,400
do
do ....... .. 4
J -Q
A pr. 1, ’ 99, to 1905
120,000
do
do ....... . 4
J & J
Jan. 1, ’00, to 1918
125.000
do (coupon)___ .. 4
J -Q
A pr. 1 ,1 9 0 5 to ’ 20
169,500
do
1892 . . . . . 4
---1899 to 1912
150.000
IN T E R E S T is p ayable in Lancaster.
BONDED D E B T .—The city ’s bonded debt on A p ril 1, 1899. was
$1,134.958; sinking funds, $515,458 06.
T A X FREE—A ll bonds o f this c ity are exem pt from taxation.
C IT Y PROPERTY—The city ow ns its w ater w orks valued at $750 000 and other buildings and available assets, besides the sinvinp- ftma
m entioned above, in all am ounting to $1,022,461.
ASSESSED VALUATION—In 1899 the total valuation was $15.553,660. R eal valuation about $25,000,000. In 1889 total assessed
valuation w as $1 3,45 1,03 8; in 1880 it w as $12,449,480. In 1898 the
city ta x rate p er $1,000 w as $9.
POPULATION—The p opulation in 1890 w as 3 2 ,011 ; in 1880 it w as
2 5 ,7 6 9 ; in 1870 it was 20,233. In 1895 (estimated) 40,000.

L A N C A S T E R ,

L A N C A ST E R
H U N T IN G D O N

LOANS—
W h en D u e .
Street I mprovement —(Con.)—
4*28, A&F, $ 5 0 ,0 0 0 ...A u g , 1 ,1 9 2 4
Subject to call after A ug. 1 ,1 9 0 4
4s, A& O, $ 2 0 ,0 0 0 ....... Oct. 1 ,1 9 2 6
Interest p ayable in Johnstown.
T otal debt Aug. 1 ,1 8 9 7 . $215,300
Sinking fu n d ...................
1,717
N et debt A ug. 1, 1897 .
213,583
Old boro, d ebt (add’l ) ..
3,600
T ax valuation 1897........12,069,487
Assessm ent is % actual value.
City & sch. ta x (per M.) ’ 97 ..$ 9-75
P opulation in 1890 w a s....... 21,805
P opu lation 1898 (est.).........30,000

K E N N E T T S Q U A R E — This borough is in Chester Co.
B onded debt, Ja n .l,18 99.$442 ,100
F loatin g d e b t....................
16,000
Total debt Jan. 1, 18 99.. 458,100
sin king fu nd assets.........
8,216
Net debt Jan. 1 ,1 8 9 9 .... 449,884
A ss’d valuation , r e a l...24,502,709
A ss’d valuation, pers’l. 2,913,060
T ota l valuation 18 99..2 7,41 5,76 9
A ssessm ent about actual value.
S chool t%x (per $1,000),’ 9 8 ..$ 6 -0 0
P opu lation in 1898 (e s t .)...50,000

i_ rp \ T t l v v a 'V 'C IU ? T TU?
5 JOS. VA N A LLM AN ,Ch’ f Bur.
n u l _ , L j l U A i O LD U -T tL x .— 2 w . L. B A L D R IG E , TreasurerThis borough is the cou n ty seat o f Blair County.

B orough B onds-

This city is in Cambria County.
LOANS—
W hen D u e.

F ire A larm —

o f the same nam e, is in Dauphin

O P T IO N A L —B onds are su bject to ca ll as fo llo w s: *A t any tim e;
110 years before m aturity, and |15 years before m aturity.

5s, A&O, $5 ,000............ Optional
4 1gs, A&O, 2 ,2 00.............O ptional

J O H N S T O W N . — L u c ia n D. W oodruff , Mayor.

C O ~-E . H . H e r s h e y , Treas.

County seat is Lancaster.
LOANS—
W h en D u e.

County B onds—

4s, A&O, $ 1 7 0 ,8 0 0 ....Apr. 1 ,1 9 0 1
Subject to call at any time,
3*8, $ 5 0 ,0 0 0 ......................................

Court H ouse B onds—

313, $5 0,00 0............................. 1918

Bonded debt A pr. 1,1 899 .$27 0,80 0
InterestpayableatC o.T reas’. office.
T ax valuation 1896....$84 ,763 ,205
State & co. ta x p e r $ l,0 0 0 ’ 90.$6-50
Population in 1890 w a s.... 149,095
Population in 1880 w a s .. .139,447

(Subject to call after 1908.)
T A X FREE.—AH bonds o f this cou n ty are exem pt from taxation.

L E B A N O N . — G eo. B. M ar q u ar t , Treasurer.
This city is in Lebanon County.
LOANS—
W h en D u e.

Sinking fund and c a s h ... $33,100
Net debt M arch 1 ,1 8 9 8 .. 181,900
48, A pril, $36,000........................ . . . . T ax valuation, r e a l.........8,070,400
T ax valuation, personal. 289,050
Subject to call at any time.
Total valuation 1896 — 8,359,450
W ater B onds48, A pril, $161,000 ...A p r . 1 ,1 9 0 2 Assessment about 90 p. ct. actual.
County ta x (per $1,000)......... $1*75
Subject to caU at any time.
Interest paid at City Treas’r office. City ta x (per $1,000 ).............. $3'25
T otal debt M arch 1 , 1898.$215,000 A verage school t a x . . . ---------.$4 '5 0
Water debt (included) —
170,000 P opulation in 1890 was....... 15,000

City B onds-

_

Vol. LXV1II

STATE AWB CITY SUfflEMEWT,

70

„

T T * -r j - -r—i-a t
5 WM. F. E L LIO TT, M ayor.
L O C K .r u A V E N .— $c. H. SHO E M A K E R , Treasurer.
This city is in Clinton County,
R efunding B onds —
LOANS—
W h en D u e.
4s, . . . . . $ 2 5,00 0.........Dec. 1 ,1 9 1 8
City B onds(8 ubjeot to call after 1908.)
68 , ........ $ 2 5 ,0 0 0 ........ N ov. 1,1 910
T otal debt Feb. 1 5 , 1899.$227,000
5s, . . . . ,
10 ,000..... Oct. 1 ,1 9 0 3
S
chool
bonds (addit’nal).
8,000
4s,
.,
3 ,0 0 0 ..... ’ 95 extended
4 s ,....,
25,000..... Jan. 1 ,1 9 0 7 T otal valuation 1898-----1,700,000
Assessm
ent
about
%
actual
value,
4s........ . 25,000........ M ay 1 ,1 9 1 5
i Population in 1890 w a s.........7,358
W ater L oans—
5s
. . . $ 1 0,00 0....... Oct. 1 ,1 9 0 3 I P opulation in 1896 (est.)........8,000
5 b’,
84 ,5 0 0 ....... M ay 1 ,1 9 0 4
4 s , ___ ,
19,500....... Ju ly 1 ,1 9 1 4 |

LU ZER N E

C O . — R. P. R o bin so n , Treasurer.
The coun ty seat is W ilkes-Barre.
LOANS —
W hen D u e . ' T a x valuation, r e a l....$27,942,641
County bonds—
i T a x valuation, person’l. 2,570,272
4s F&A, $ 3 7,50 0,g . . . Feb. 1 ,1 9 0 3 T otal valuation . 18 98..3 0,51 2,91 3
4s
. 90 ,000......... 1899 to 1907 | Assesm ent abt. 10 p. c. o f act’l val.
'
(Part annually.)
|County t a x (per $1 ,000),’ 98.$7*50
Int. is p ayable in Wilkes-Barre. I S chool ta x per $1,000 ’ 9 8 ... .13 00
T otal debt Feb. 1, ’ 9 9 .. $127,500 |P opu lation in 1890 w a s ...201,203
31,827 |Population in 1899 (est.)..270,000
Sinking funds.................
Net debt Feb. 1 ,1 8 9 9 ..
95,673 |
T A X FREE.—A ll bonds o f this cou n ty are exem pt from tax ation to
holders. The cou n ty pays a State ta x o f 4 m ills.
L Y C O M IN G

C O . — A . D. U pd eg raff , Treas,

County seat is W illiam sport.
LOANS.—
W hen D u e.

T otal debt A ug. 1 ,1 8 9 7 . $545,47*
T ax valuation..................20,656,822
3 1«, M&N, 2 * 5 ,0 0 0 ..N ov. 1, '08 ’ 13 P opu lation in 1890 w as___ 70,57o
Population in 1896 w a s___ 75,00 q
($40,000 yearly.)

R efunding Bonds

B E R T J. BOWMAN, Burgess.
M A H A N O Y C I T Y . - " 5¿ARO
B N E R I. M ORRIS, Seo.Coun’l
B orough in Schuylkill County.
LOANS—
W h en D u e .

T otal debt Feb. 1 ,1 8 9 8 ;. $34,500
2,000
Sinking fu n d .....................
B orough B onds32,500
48, A&O, $ 2 ,500.........Oct. 1 ,1 9 0 2 Net debt Feb. 1 ,1 8 9 8 ...
4s, M&S, 5 ,0 0 0 ...... r e p t . 1 ,1 9 0 8 T ax valuation 1896..........2,400,000
Assessment is 23 the actual value.
4s, F&A, 1 0 ,0 0 0 .... A ug. 1 ,1 9 0 9
1911 T otal ta x (per $ 1 ,0 0 0 )......... $17*00
4s, J& J, 10,000.........
P
opu laiion 1890 w as............ l l ,2 8 e
4s, . . . . , 17,000........
192i
P opulation 1880 w as............ 7,181
(Subject to call after 1907.)
P
opu lation in 1897 (est)___ 14,000
4s,
, $ 4 5,00 0.......... Jan. 1 ,1 9 3 8
Interest payable at Treasury.
(Subject to call Jan. 1 ,1 908 .)
The bonds, e x ce p t where otherw ise stated, are all 5-15-year bon ds
and are exem p t from taxation.

iv n
w t a
5 C. D. M. B R O O M H A LE, Treasurer.
J Y L E J L J 1 A .---- 1 w . H. T R IC K E R , Clerk.
This borough is in Delaw are County.
R efunding & W ater B onds—
LOANS- _
W h en D ue.
3*28, M&N, $ 1 0 0 ,0 0 0 .1 9 0 4 to 1929Registered B ondslo t . p ayable b y B orough Treas.
48, A&O, $ 5 5 ,6 0 0 ....... A pr. 1, 1901
4s, A & O ,
6 ,4 0 0 .. ...A pr. 1 ,1 9 0 3 T ota l debt March 1 ,1 8 9 9 .$ 8 7 ,0 0 0
4s, A & O , 15,000. .. A p r. 1 ,1 9 1 2 T a x valuation 1895.........2,213,09919-50
4s, A&O, 1 0 ,000....... A pr. 1 ,1 9 1 3 Tot. ta x (per $1,000) ’ 9 6 .
O ptional after Jan. 1 ,1 9 0 3 P opu lation in 1890 w a s......... 2,736

M I L L V A L E . — W . A Y o u n g , Burgess.
This borough is in A llegheny County,
B onded debt Jan. 1 ,’ 9 9 .. $100,100 A ssessm ent abt. 70% actual v a lu e.
F loatin g d eb t...................
9,200 B oro, ta x (per $1,000) 1898.$17 00
T otal debt Jan. 1 ,1 8 9 9 .. 109,300 P opu lation in 1890 w a s........ 3 ,809T ota l v aluation 1 8 9 8 — 2,510,825 P opulation in 1899 (est.).......9 ,5 0 0

M O N O N G A H E L A . - C . C ar so n , Mayor.
M onongahela is in W ashington C ounty
a x valuation , personal. $134,145LOANS—
W h en D uTe.
Sew er & 8t . I mp . B onds,’92 & 4: T otal v aluation 1897......1,455,522
5s, M&S, $4 1,50 0...........Sept., 1912 A ssessm ent about 23 actual value.
T otal ta x (per $1,000) ’ 97..$24*00
(Subject to ca ll after 1897.)
5s, F&A, $18,500........... A ug., 1914 P opulation in 1890 w a s----- 4,096
Bond, debt June 1 ,1 8 9 8 . $60,000 Population in 1880 w a s----- 2,904
T a x valuation, r e a l....... 1,321,377 P opulation in 1898 (est.)... 5,500*
The city ’ s b on ds becom e due part yearly, the entire am ount being
payable w ithin tw en ty years from date o f issue. They are su bject toState ta x if ow n ed b y residents o f Pennsylvania.
TV/T/-VTVTTD r v r r
5 J- M ILTON SH IC K . T reasurer.
M O N R O E
L U . — { H A R V E Y H U FFM A N . Clerk.
C ounty seat Is Stroudsburg.
LOANS—
W h en D u e. T ota l valuation 1 8 9 8 .. $7,000,000*
A ssessm ent sam e las actual vailue.
Court H ouse B onds48, M&S, $66,600..................... 1909 T otal ta x (per $1,000) ’ 98...$14*00P opu lation in 1890 w as.......20,111
Subject to call.
Interest p ayable at Co. Treasury. P opu lation in 1895 (est.).. .21 ,000
B onded debt M arch 1, ’ 9 9 .. $66,600

M O N TG O M E R Y

CO.

County seat is Norristow n.
LOANS—
W h en D u e .

County B onds-

48, A&O, $ 7 7 ,0 0 0 ...A pr. 1 ,1 9 0 0
Interest payable in N orristown.

M O N TO U R

-D. H . H it n e r , Clerk.

T otal debt M arch 1 ,1 8 9 9 ..$ 7 7 ,000T ax valuation 1 8 98...... 79,176,985
T a x rate (per $1,000) 1898..$6*00P opulation 1890 was..
123,290

C O . — J n o . C. P e if e r , Clerk.

County seat is Danville,
W h en D u e.
LOANS-

T a x valuation , personal. $129,371
T otal valuation 1898___ 1,970,631
4s, Nov. 1, $ 2 9.00 0............................ A ssessm ent about 13 actual value.
State and Co. ta x (per M ),’ 98 ...$12
$4,000 due yearly.
T otal debt Jan. 1 ,1 8 9 9
$29,000 P opulation in 1890 w a s.......15,645T ax valuation, r e a l.........1 841,260 Population in 1880 w a s.......15,468T A X FREE.—A ll bonds are ex em p t from taxation.

COUNTY BONDS—

» tt? v x 7

N E W

a c t t

tt<

< 8. W. SM ITH . M ayor.

L A b I E E . — {W M . E. M A R S H A L L , Clerk.

This city is the capital o f L aw rence County.

M

In 1897 the boroughs-

K E E S P O R T . — R. A. H it c h e n s , Comptroller o f W est New Castle and M ahonin tow n were an nexed to the city.

4s, F&A, $ 3 5 ,0 0 0 ___ A ug. 1 ,1 9 1 8
(Subject to call after Aug. 1 ,1 9 0 3 J
Interest p ayable at city treasury.
T otal debt A p ril 1 ,1 8 9 8 . $136,500T ax valuation , rea l.........6,600,000T ax valuation, p erson a l.1,000,000
T otal valuation, 18 9 7 .....7 ,6 0 0 ,000Assessment about % actual value.
County ta x (per $1 ,0 0 0 )___ $3*50
City ta x (per $1,000 )............. 10*00'
School ta x (per $ 1 ,000 ).......
5*00
P opulation 1890 w as............ 11,600
Population 1898 (estim at’d .27,000from taxation.

LOANS—
W hen D u e.
This city is in A llegheny County and has an nexed th e borou g h o f
City F unding B onds—
R eynoldton, assum ing a bon ded debt o f $25,500.
4s, F&A, $ 2 4 ,0 0 0 .......Aug. 1 ,1 9 0 6
LOANS—
W h en D u e. I W ater debt (in clu d ed ). . . $ 1 0 2 ,0 0 0
Subject to call at any time.
F unding bonds—
|F loating d eb t....................
18,694
Sew er Bonds4*as, J& J, $ 4 2 ,0 0 0 ...J u ly 1 ,1 9 2 0 i T otal debt Jan. 1 ,1 8 9 9 .. 413,794 48, F & A , $15,000....... Aug. 1 ,1 9 1 1
4s, M&S, 121,000........................... Sinking fund...................... 139,479
Subject to call after 1906.
R R . Compromise B onds—
|Net debt Jan. 1 ,1 8 9 9 . . . 274,315
Street I mprovement B onds—
6 s, J& J, $104,6 0 0 ...Ju ly 1 ,1 9 0 6 |A ss’ d valuation 18 98...15,1 30,3 36 4s, F&A, $4 0,00 0.........A ug. 1 ,1 904
A ssessm ent about * 2 actual value.
W ater B onds—
Subject to call at any time.
5s, J& J, $75, 0 0 0 * ..Ju ly 1 ,1 9 1 1 C ity & sch. ta x (p .$ l,0 0 0 )’ 98.$13*50 4s, F&A, $4 0,00 0....... Aug. 1 ,1 9 1 6
5s, J& J, 2 7 ,0 0 0 ... Ju ly 1 ,1 9 0 4 T otal ta x (per $1,000 ).......... 16*50
Subject to ca ll after 1906.
Interest p ayable b y C ity Treasurer. P opulation 1890 w as.............20,741 4s, M&S, $2 5,00 0___ Sept. 1 ,1 9 1 7
B onded debt Jan. 1,1899..$395,100 Population 1895 (est.)..........30,000
T A X F R E E .—B onds are exem p t
* The w ater bonds due in 1911 are subject to call on 60 days notice.
N O R R I S T O W N . — This borough is the cap ital o f M ont
T A X F R E E . —The R ailroad Com prom ise bon ds are ta x exem pt.
gomery. County.
M cK eesport School D istrict — D. P. S m it h , Sec^y
4s, J&J, $5 9,50 0......... Jan. 1 ,1 9 1 5
LOANS—
W h en D u e.
Bond, debt Feb. 15. ’ 98 . $3 70,V00
B orough bonds —(reg.)
This district is loca ted in A llegheny County.
T
ax valuation 1 8 9 7 ......... 9,273,4904s,
J&J,
$2
9,40
0........
Ju
ly
1
,1
9
0
4
LOANS—
W h e n D u e . |N e td e b t N ov. 1 ,1 8 9 8 ..
$123,800
Assessm ent about 23 actual value.
S u b jectto call at any time.
3is ,
$100,000 ............................. I A sses’d valu a tion ’98 .-1 5 ,5 0 0 ,0 0 0
State
& Co. ta x (p. $1 ,000 ). $2*00
4s,
J&D,
$1
4,30
0.......
Dec.
1,1
9
0
8
B onded debt N ov. 1, ’98. .$152,000 i P opu lation in 1890 w a s ___22,000
B orough ta x (per $ 1 ,0 0 0 )... 6*50
S u b jectto call at any time.
Sinking fu n d .....................
28,200 |P opu lation in 1898 (e s t .)...38,000
A verage school t a x ...............
4 •004s, J&J, $6 7,000........Jan. 1 ,1 9 1 3
O ptional after Jan. 1 ,1 8 9 8 P opulation 1890 w as.........„.1 9 ,7 9 1
312s............. $2 00,0 00.. Oct. 1 ,1 9 2 7 P opulation 1896 (e st-.)... ..2 2 ,0 0 0
tv/ ttc’ a T'vTT'TT T IT
JE . W. M CARTHU R, M ayor.
JVLJtliA. 1 J V I E E E . — ^ D. T. M cK A Y , Jr., Clerk.
(Subject to call after 1902.)
This city is in C raw ford County.
INTEREST is p ayable at the B orough Treasurer’ s offloe
F loating d e b t...................
$4,258
* LOANS—
W h en D u e.
City B ondsT otal d ebt.......... 4.............
79,958
C O . — A lfred P. L a u 4258 , J&J, $6,000........Ju ly 1 ,1 9 0 2 Sinking fu n d .....................
24,515 N O R T H A M P T O N
4s,
J&J, 24,200........ Ju ly 1 ,1 9 0 1 N et debt Jan. 1 ,1 8 9 8 ....
51,443
B A C H , Treasurer.
E aston is the cou n ty seat •
4s, J&J, 12,000........ Jan. 1 ,1 9 0 7 T ax valuation, rea l.........2,898,446
Net debt Sept. 1 ,1 8 9 8 .. $80,0004s,
J&J, 6,0 00......... Apr. 1 ,1 9 0 7 T ax valuation, personal.
83,061
LOANS—
„ ’
4s,
M&S, 7 ,9 00......... Mar. 1 ,1 9 1 6 T otal valuation 18 97___ 2,981,507 4s, A&O, $ 1 0 0 ,0 0 0 ___ 10-20-years T a x valuation, r e a l ___39,433,753
Interest p ayable sem i-annnually T a x valuation , p erson ’l 4,567,251
W ater Works B ondsAssessm ent abt. 50% actual value
at the County Treasurer’s office. T otal valuation 18 98..4 4 ,0 0 1 ,0 0 4
48, A&O, $ 1 53,0 00......Oct. 1 ,1 9 2 8
Total ta x (per $1,000)’97
$3 3'00
C ounty ta x (p. $1,000) 1898.$2*60
(Subject to call after Oct. 1 ,1 9 0 3 .) P opulation 1890 w a s___
9,520 B onds are ta x exem pt.
Bonded
debt Sept. 1, ’ 98 .$100,000 P opu lation in 1890 w a s ....8 4,22 0'
Interest is p ayable at C ity Treas’y. Population 1898 (est.). . .
11,000
Sinking fu n d ....................... 20,000
B onded debt Jan. 1, ’ 9 8 .. $75,700
A ll bonds are subject to call. The bon ds o f 1907 and 1916 are free o f
5 JOH N M. R E E D , M ayor,
State tax.
O IL C IT Y
f W. H. W ISE , Treasurer.
This city is in V enango County.
5 E. C. G A R D N E R , B urgess.
M E C H A N I C S B U R G . — - ¿ af . Il . COOVER,
------------------Secretary
LOANS—
W h en D u e. T otal debt A pr. 1 ,1 8 9 9 .. $61,5 0
Sinking fund assets.........
25,500
City B uilding B onds—
This borough is in Cum berland County.
45,000
Is,
M&S,
$
1
6
,0
0
0
..Sept.
1 ,1 8 9 9 to W ater debt (in clu d ed )...
A m o u n t. interest 4% .
P ayable at Treas­ ($1,000 due yearly)
LOANST
a
x
valuation,
r
e
a
l
.........2,391,310
Sept. 1 ,1 9 1 4
R eg ’d bds. due Ju ly 1 ,1 9 0 1 .$ 3 ,0 0 0
urer’ s office.
T otal valuation, person’l. 201,170Water B onds—
do A p r. 1 ,1 9 0 2 . 5,625 Bonded debt M arch 1 .1899$33,575
Do
T otal valuation 1 8 9 8 ___ 2,592,480
do Oct. 1, 1902.
Do
500 A ssessed valu a tion ’ 98 .-1 ,5 1 9 ,2 9 8 5s, M&S. $9,000 ..S ept. 1 ,1 8 9 9 to
Assessm ent is Lj actual value.
($3,000
due
yearly)
Sept.
1
,1
9
0
1
do A pr. 1 ,1 9 0 3 . 8,650 Assessment about % actual value.
Do
T otal ta x (per $1,000) ’ 98...$38*00
5s,M
&S,
$
3
6
,0
0
0
.....Sept.
1
,1
9
0
2
do A pr. 1 ,1 9 0 4 . 4,400 T a x rate (per $1,000) 1898.$14*00
Do
Population in 1890 w a s.......10,932
B
onded
debt
Apr.
1,
’
9
9
.
$61,000
do Oct. 1 ,1 9 0 4 . 5,000 Population in 1890 w a s .........3,691
Do
500 P opulation in 1899 (estim .).13 ,000
do A pr. 1 ,1 9 0 5 . 6,400 P opu lation in 1899 (e s t .).... 5,000 F loatin g d ebt...................
Do
INTEREST on the W ater 5s is p ayable b y T ow nsen d, W helen & Co.,.
T A X E X E M P T .—B onds are ta x exem p t and are subjeot to ca ll on
Philadelphia.
Ja n u a ry 1 o f any year on 6 0 days notioe.




fENNSYlVAWIA— CITIES

April, 1899.

i T. F. G R IE R , Burgess.
»J. C. K E R R , Secretary.
This borou g h is in Chester County
LOANS—
W h en D u e. Sinking fu n d ......................... $9,300
Net debt Mar. 1, 1899....... 40,400
F unded L oan B onds—
5s, J&J, $1 0,00 0.........Jan. 1 ,1 9 0 0 T otal valuation 1 8 98.........988,985
Gas and Water R ed . B onds­
Assessm ’t within 15* actual value.
e s , M&N, $ 1 2 ,0 0 0 ...M ay 1 ,1 9 1 0 T otal ta x (per $1,000) 1898.. 15-00
4 b, M&N, 2 7 ,7 0 0 ...M ay 1 , 1906 P opulation 1890 w a s...............1,710
T ota l debt Mar. 1 ,1 8 9 9 ..$ 49,7 00 P opu lation 1899 (estimated) .2,400
W ater debt (included)........ -39,700
A ll issues o f bonds are exem pt from taxation.
O P T IO N A L .- Bonds are all optional five years from date o f issue.
INTEREST is p ayable at the N ational B ank o f O xford

O X F O R D ,

C O . — H. 0 . G a u l t , Treasurer.
New B loom field is the cou n ty seat.
B onded debt J an. 1,1 899 $124,143 T otal valuation 18 99...$7,8 57,7 22
A ssets, & c...................... .
26,329
Assessm ent about actual value.
N et debt Jan. 1 ,1 8 9 8 ___
97,814 State and cou n ty ta x (per
A ssessed valuation, re a l.7,0^1,268
$1,000) 1 8 9 8 .......................... $9-00
A ssessed valuation , per’l 776,454 P opu lation in 1890 w as....... 26,276
t ~>t TT A
S 8 . H . AS A B R ID G E , M ayor.
J-JH j1—i U L1 A V .
¿JO H N M .W ALTON, C om ptrol’ r.
Philadelphia, co-extensive w ith the coun ty o f the same name, is the
third city o f the U nited States, has an area o f ov er 130 square miles,
an d includes a num ber o f places w h ich have alm ost the character o f
separate tow ns. The coun ty is under city con trol and has n o separate
d e b t. In the follow in g table the various issues o f bonds under the
general heads, T axed City L oan and U ntaxed C ity L oan, are given in
th e order o f their dates o f m aturitv.
The city, in Novem ber, 1897, voted in fa v o r o f $11,200,000 bonds fo r
various im provem ents, [the actual am ount v oted was $ 1 2 ,2 0 0 ,0 0 0 , but
the lease o f the c ity ’ s gas w orks obviated the necessity fo r issuing the
$ 1 ,0 0 0 ,0 0 0 included fo r the im provem ent o f the gas plant, thus
reducing the am ount to $11,200,0001, and the City Councils, in June,
1898, took the necessary steps to authorize the bonds, but their issue
has been thus fa r (Apr. 1) defeated b y litigation.

LOANS.— In te rest .— .
-P rin c ip a l.
MAME AND PURPOSE.
R a te P a ya b le.
W h en D u e .
O utstand’g.
New funding loan, series
> D ec.31’99to 1904 )
. nft nnn
J & J ( $400,000 yearly. J $¿>400,000
S t o Y .....................1879 4
Three p. ct. loan ,1890-91,
5 N o v .l,1 9 0 0 to ’ 19 > , ßAn nnA
M & N ( $230,000 yearly. J 4,600,000
series A to T ................. 3
T a TÌ Deo. 31, 1903-’ 17 ) »
S erial loan ...............1893 3
J & J t $175,000 yearly. 5 2,625,000
. t 5 Deo. 31, 1918-’ 2 2 1
® J ( $175,000 yearly. J
0. t 5 Dec. 31. 1904-’ 23 >
do
..........1894
J &
J ? $205,o d o yearly. J
Serial lo a n ................1896 3 1* J . T 5 Deo. 31, 1905-24;
Ä J ( $100,000 yearly. ■
a . j 5 Dec. 31, 1908-’ 27 t
do
.1898 3
& J I $65,300 yearly. J
do

do

R efu nding l o a n ....l 8 9 4
Subway lo a n .......... do
do
do
do

3^
3 1*
3

.............{ $13°6,00bdue y riy \
............. Dec. 3 1 , 1904-’ 10
.............
Deo. 31, 1904
............. S ^ O O O y e a r i y 8 }

do

do

1897

Si*

do

do

1898

31* J & j f ®

Serial loan ............... 1895
R efu nding lo a n ___1895
do
do
do
do
do
do
do
do
do
do
d o ___ 1897
R eservoir loan, series A
to T. 1892.......................

T axed City L oan—

C onsolidated.....................
do
.....................

Untaxed City L oan—

Guaranteed gas............
Park, No. 2 .....................
South St. B r id g e ...........
Water, No. 3 7 ................
Fairm ount B r id g e .......
H ouse o f C orrection ...
School, No. 3 .................
Water, No. 4 6 ................
Guaranteed gas............
P olice and culverts___
Fairm ount B ridge.......
School, No. 5 0 ................
Fire purposes................
Girard A v. B r id g e ___
Park, No. 3 ....... ............
Water, No. 5 4 .......... .
No. 5 3 ..........................
Centennial, No. 5 5 .......
Ice boat, No. 5 6 ............
H ouse o f C orrection...
School, No. 5 8 ....... .......
Guaranteed g as............

Untaxed City L oan—

3
3*s
31*

3H
3*9

875,000
. . „ „ nnn
4,100,000

2 ,000,000
, oni, nnft
1,306,000
2.720.000
2.084.000
16,000
2.400.000
900,000

f o V y9e a r iy M

............ \ ^ o f o o o ^ S J 4 \ 2,400,000
■ Deo. 31, 1905-’ 23 )
Qka AAn
$50,000 yearly. \
950,000
D ec. 31, 1924
44,000
D ec. 31, 1924
5,000
Deo. 31, 1924
1,000

3i*
3

J &

; Deo. 31, ’ 02 to ’ 21 ;
; $50,000 yearly. ;

6
6

J <fe
J &

Jan. 1, 1904
Ju ly 1, 1904

6
J &
6
J &
6
J <fc
6
J <&
6
J &
6
J &
6
J &
6 - J &
6
J &
6
J &
6
J &
6
J &
6
J &
6
J &
6
J &
6
J &
6
J <fe
6
J &
6
J &
6
J &
6
J <fc
6
J

Jan.
Ju ly
Ju ly
Ju ly
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Ju ly
Ju ly
Jan.
Jan.
Jan.
Jan.
June
Ju ly
Ju ly
Jan.
Jan.
Jan.

1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

1900
1900
1900
1900
1901
1901
1901
1901
1902
1902
1902
1902
1903
1903
1903
1903
1903
1903
1903
1904
1904
1905

1,000,000
31,100
1,400

71

The city held on January 1 ,1 8 9 9 , in addition to the sinking fu nd
given ab ove assets am ounting to $9,892,061.
The sinking fund holds the follow in g secu rities: C ity loan, at p ar
$16,078,000 and United States loan, at par, $413,000. The am ount
o f bonded debt redeem ed b y the Sinking Fund Comm ission during the
year 1898 was $7.843,000. A m on g the assets held b y the city are
22,500 shares o f Sunbury & E rie R ailroad stock, par value $100 per
share, or 45,000 shares o f Philadelphia & E rie R ailroad stock, par
value $50 p er share, m arket value $ 1 7 -50 p er share.
C IT Y PR O PERTY —The real estate owned by the city is valued at
$55,975,494, an increase over the appraisement of Jan. 1, 1898, o f
$2,181.825.
A SSE SSE D V A L U A T IO N , ETC.—The follow in g shows the annual
paym ents to the sinking fund, am ount o f bonded debt and outstanding
warrants, assessed value o f p roperty, and the ta x rate, fo r years indi
oated. P rop erty in this city is assessed at about % o f its actual value-

P E R R Y

t-> t t i t
a
t T. 11—iA v

TOWNS

Years.

P a yin ’ts to Total M u n ic ip a l
A ssessed re a l a n d
Tax rate.
D eb t J a n . 1.
S in k . F u n d .
P er so n a l V a lu a t’ n . p e r $1.000

1 8 9 9 .... . . . .
1 8 9 8 .... . . . .
1 8 9 7 .... . . . .
1 8 9 5 .... . . . .
1 8 9 0 .... . . . .
1 8 8 5 .... . . . .
1 8 8 0 .... . . . .
1 8 7 5 .... . . . .
1 8 7 0 .... . . . .
1 8 6 5 .... . . . .
I 8 6 0 .... . . . .
1 8 5 5 .... . . . .

$52,458.082
58,107,928
55,054,930
55,168,028
56,777,370
64,131,362
72,264,595
64,390,463
45,093,247
32,763,899
21,356,759

$18*50
18-50
18-50
18-50
18-50
18-50
2000
21-50
18-00
28-00
2000
1500
P O P U L A T IO N .—In 1898 w as estim ated at 1,2 40.0 00; in 1890 w as
1,046,964; in 1880 it w as 8 4 7,17 0; in 1870 it was 674.022.
$ ............
794,556
368,860
419,260
602,590
660,986
806,605
785,899
519,197
329,340
173,737
81.665

P H O E N I X V I L L E .— W

$864,516,035
842,330,700
818,827,549
782,677,694
688,713,518
597,785,428
536,667,834
575,283,968
479,776,643
159,119,928
155,697,669

m

.

H . B i t t i n g , Burgess.

This borough is in Chester County.
LOANS—
W h en D u e . Net debt Mar. 1 ,1 8 9 9 ... $166,000
Water B onds—
T ax valuation 1898.........3,000,000
4-4s, A & O ,$ 1 6 9 ,5 0 0 .. Apr. 1 ,1 9 1 4 A ssessm ent about s5 actual value.
Optional after A pr. 1 ,1 8 9 9 .
T otal ta x (per $1,000) 1 8 98..1 5-5 0
Interest payable at PhcenixviUe.
P opulation in 1890 w a s........ 8,514
Total debt Mar. 1 ,1 8 9 9 .. $174,000 P opu lation in 1897 (est.)
8,500
Cash on h a n d...................
8,000
O I T "T C t D T T D P
5W ILLTAM J. D IE H L , M ayor.
t - ' I l l O O U i r t L x . — ( H. I. GOURLEY, Com ptroller.
This city is situated in A llegheny County.
LOANS•— In terest .— , .------------- P r in c ip a l. ------------,
NAME AND PURPOSE—
R ate. P a y ’ ble. W h en D u e.
O utstand’g
City building bonds, refun.c& r 5
A & O A pr. 1, 1910 $170,000
F ree bridge bon ds............ o o r r 4
M &N
1925
*1,350 000
Subject to call 1-10 every 3 years.
Funded debt b on d s.................. o 7
J & J Ju ly 1, 1909
142.000
do
do
................... r 7
J & J
Ju ly 1, 1909
358.000
do
do
...................r 7
J & J
Jan. 1, 1912
121.000
Funded debt im prov. bon d s.o 5
J & D June 1, 1913
88,000
do
do
do
r 5
J & D June 1, 1913 1.315.000
do
do
do .r 5
J & D June 1, 1912
77.000
Im provem ent b on d s................. c 4
J & D Dec. 1, 1915
53.000
do
do ........
r 4
J & D Dec. 1, 1915 3,681,700
Market bonds, refunded.........r 5
A & O A pr. 1, 1910
25.000
M unicipal consol, b on d s.........r 6g A & O Oct. 1, 1904 g.210,000
P ublic Park b on d s...........c or r 4'
M &N
1925
’ 1.625.000
Subject to call 1-10 every 3 years.
4
M &N
1925
P ublic Safety b on d s.........c o r r
*450,000
Subject to call 1-10 every 3 years.
B oulevard bon ds...............c o r r
4
M &N
1925
*400,000
* Subject to call 1-10 every 3 years.
R ailroad scrip ............................. 5
.........
.........
502
Railroad com prom ise b o n d s ..o 5
J & J Jan.
882,000
do
do
do ..r 5
j & j Jan. 1, 1913
944,400
do
do
do -.0 4
j & j Jan. 1, 1913
217.000
do
do
do ..r 4
j & j Jan. 1, 1913
136,300
W ater b on d s............................. o
J & J Jan. 1, 1908
300.000
do
. . ....... .........c o r r
M &N
1925
1.800.000
Subject to oall 1-10 ev ery 3 years.

1, 000,000

Refund. W ater exten sion loan 3 1* .......... | OOOy’rly A p r l ’" £ 873,000
B j —East-'-mjm
Birm ingham
'
’ ’ .......
fu nded
4•
Mar. 1 5 ,1 9 1 8 ‘ 5 62,000

1,000,000

(0) Coupon bonds.
(r) R egistered bonds.
(g) P ayable in g old
* These issues form parts o f the $6,250,000 loan authorized in 1895,
and the am ounts here given represent the portion thus fa r issued.

1.998.000
99 -*,700

700.000
500.000
500.000
2.122.000
500.000
425.000
200.000

1, 000,000
200,000

2.138.000
1.800.000
970.000
200.000
500.000
225.000
450.000
1, 000,000
1,000,000

Bridges, No. 60............ 6
Ju ly 1, 1905
335.000
Sewers, No. 6 1 .............. 6
Ju ly 1, 1905
499,400
Registered loans overdue and y et outstanding................................. 16,175
Non-registered loans overdue and yet outstanding..........................40,520
Non-registered coupons overdue and y et outstanding..................... 14,000

P A R V A L U E O F B O N D S .—B onds are fo r $100 and m ultiples.
T A X F R E E .—A ll issues o f this city ’ s bonds are exem pt from ta x a tio n
ex cep t the refunding w ater exten sion loan.
INTEREST is payable at the City Treasurer’ s offioe in P ittsbu rg, at
the Bank o f A m erica in New Y ork and at the P ittsburg Trust Co.
T O T A L DEBT, SINKING FUND, Et c Feb. 1,1 899 . Feb. 1,1898. F eb . 1,1897. F e b .l, 1896
T ota l bonded debt
$
$
$
$
(inol. w ater bonds) 15,331,202 116,962,902 14,928,202 13,630,301
Sinking fu n d s........... 4,058,245
5,391,222
4,707,369
5,088,354
Net d eb t................ 11,272,956

11,571,680

10,220,833

8,541,947

t Including $7,000 still outstanding.
The sinking fund receives yearly $s00,000 from appropriations and
investments.

DEBT LIMITATION.—Pittsburg’ s debt is lim ited b y State C onsti­
tution to 7 per cent o f the assessed value o f real estate.

T ota l d ebt.......................$52,458,082
•City loans held in sink. ids. 16,078,000

$58,107,928
18,933,575

$55,054,930
19,575,350

ASSESSED V ALUATION.—The city’s assessed valuation (estimated
at about cash value) and tax rate have been as follow s:
-------------------- A ssessed V a lu a tio n . ------------------- , C ity T a x
Y ea r.
R ea l.
P er so n a l.
Total.
p e r $1,000.
1 8 9 8 .............$305,087,654
$1,649,862
$306,737,516
$15-00
1 8 9 7 ............. 293,368,242
1,948,020
295,316,262
1 8 9 6 ............. 286,497,437
1,988,985
288,486,422
1 8 9 3 .............. 273,390,506
2,259,660
275,650,166
11-00
1 8 9 0 ............. 198.580,267
1,873.359
200,453.626
151 8 8 5 .............. 108,530,608
3,000,000
111,530,608
1300
1 8 8 4 ............. 105,404,720
1,838,258
107,342,978
16F or the year 1898 the assessed valuation o f real estate includes the
valuation o f p rop erty to the am ount o f $103,669,412 w hich paid a rural
ta x (two-thirds o f fu ll ta x ), and $11,538,978 w h ich paid a so-called
agricultural tax, or one-third o f the fu ll ta x rate. The taxable valuation
o f all prop erty fo r 1898, after m aking som e slight' deductions fo r
exem ptions, w as therefore $264,488,394.

N et debt on dates n a m e d ..$36,380,082

$39,174,353

$35,479,580

_ P O P U L A T IO N .—In 1890 popu lation w as 23 8 ,6 1 7 ; in 1880 it w as
15 6,3 8 9 ; in 1870 it w as 86,076. E stim ated A p ril 1 ,1 8 9 9 , 300,000.

P A R O F B O N D S —Bonds are in pieces o f $25, $50, $100 and $1,000.
INTEREST p ayable by Farm ers’ & M echanics’ Nat-. B an k ,P h ila.,P a.
T O T A L DEBT, SINKING FUNDS, Et c .—The subjoined statement
shows Philadelphia’ s total m unicipal debt, and the sinking fu nd held b y
th e city against the same, on the dates m entioned. [B y a decision o f
th e Supreme Court o f P ennsylvania, filed M ay 3 1 ,1 8 9 4 , it is held that,
w ithin the m eaning o f the w ord “ D e b t” in Section V III, A rticle I X ,
o f the Constitution o f P ennsylvania, the real debt o f the city is the
authorized debt less the am ount o f the city certificates purchased and
unoanceled in the sinking fund.]
J a n . 1 ,1 8 9 9 .
J a n . 1 ,1 8 9 8 . J a n . 1,1 897 .
B onded debt.......................... $51,241,295
$56,872,795
$54,023,120
Outstanding w arrants.......
1,216,787
1,235,133
1,031,810




00
00

Vol. LXVIII

CITY 8UffiEM£flT.

72

; JAM ES M OIR, M ayor.
!E . H OW ELLS, C om ptroller.

P I T T S T O N . — E. E . H a n k e r , Treasurer.

S C R A N T O N ,

This borough is in Luzerne County.
LOANS—
W h en D u e . Total debt Mar. 1 ,1 8 9 9 . $56,600
Sinking fu n d .................
12,000
P aving and Sewer B onds44,600
4128, J& J, $ 3 3 ,3 0 0 ...Jan. 1 5 ,1 9 1 5 N et debt Mar. 1 ,1 8 9 9 ...
Subject to call after J a n .1 5 ,1900 T ax valuation 1899......... 1,388,720
Assessm ent about ^ actual value.
B orough B onds—
T otal ta x (per $1,000) 1899.$56*50
4 s , .........$14,000........... .................
B onded debt Mar. 1 ,1 8 9 9 .. $47,300 P opu lation 1890 w a s............ 10,302
F loatin g d e b t ......... ............ 9.300 P opu lation 1899 (estim at’d) 15,000
T A X FREE—A ll bon ds exem p t from taxation.
INTEREST is p ayable at the Treasurer’s office, P ittston.

,— In terest.- --, /------------- P rin c ip a l
W h en D u e .
O ut stand/a.
B a te. P a ya b le .
$9 0,00 0
June 1, 1904
Bridge loa n s.............. .1894 4^3 J & D
June 1, 1909
50,000
do
do .............. .1894 4 I3 J <fe D
50,000
June 1, 1914
do
do .............. .1894 4 I3 J & D
6 0 ,0 0 0
June 1, 1915
do
do ................1894 4*3 J & D
16 ,0 0 0
IJuly, ’ 99 to 1906 )
C ity im prov em en t.. -.1 886 4
J & J Í 1 $2,000 yearly. $
[ Ju ly 1, 1 9 0 7 -’ 1 6 )
3
5 ,000
do
do
.1886 4
J & j !1 $3,500 yearly, s
22,000
D ec. 1, 1901
C ity im prov em en t.. ..1 891 4 I3 J & D
23,000
Deo. 1, 1906
do
do
..1 8 9 1 4 I3 J & D
22,000
Dec. 1, 1911
do
do
..1 8 9 1 413 J & D
23,000
D ec. 1, 1916
do
do
..1 891 4 I3 J & D
15 ,0 0 0
Ju ly 1, 1901
Funding l o a n ........... ..1 8 8 6 4
J & J
15,000
Ju
ly
1,
1906
&
J
do
do ........... ..1 8 8 6 4
J
20,000
Feb. 1, 1900
M unicipal b u ild in g . ..1890 4
F & A
2 5 ,0 0 0
Feb. 1, 1905
do
do
F & A
..1890 4
3 0 ,0 0 0
Feb. 1, 1910
do
do
F & A
..1890 4
34,000
June 1, 1903
R edem ption bonds. ..1 893 4*3 J <fe D
34,000
June 1, 1908
do
do
..1893 4 I3 J ¿Se D
3 8 .0 0 0
June 1, 1913
D
do
do
..1893 4*3 J
38.000
June 1, 1918
do
do
..1893 4*3 J & D
T A X F R E E .—A ll bonds issued b y this city are ta x exem pt.
T O T A L D E B T —The subjoined statem ent shows Scranton’ s indebt­
edness on the dates mentioned.
A p r . 4, ’ 98. A p r . 5, ’97. A p r . 1,'’95. J u l y , 1894,
$528,500
$762,000
------------$644,000
— 11|—
0|
T otal bonded d ebt........ $642,000
259,05655,589
34,479
Floating d e b t ................
32,412

P O T T S V I L L E . — S. M. M ortim er , Treasurer.
This borough is in Schuylkill County.
Int. is p ayable at B oro’ Treas’ y.
LOANS—
W hen D u e.
B onded debt Mar. 6,’ 9 9 .. $113,500
F unding B onds4,393
48, A&O, $1 0,00 0........ Oct. 1 ,1 9 0 0 F loatin g d e b t...................
4s, M&N,
33,000.... M ay 1,1 911 Total debt Mar. 6 ,1 8 9 9 . 117,898
4s, J&D,
5 4 ,0 0 0 ................... 1914 T ax valuation 1898......... 6,348,237
actual value.
4 s , .......
5 ,0 0 0 ..................... 1913 Assessment about
4s,
.,
2 ,0 0 0 ...................1901 T ota l ta x (per $ 1 ,0 0 0 )’9 8 .. $7 '50
Population m 1890 w as.......14,117
B ridge B onds48, J& D , $9,000............1900-1908 Population in 1880 w as....... 13,253
The bonds due in 1 9 0 7 ,1 9 1 1 and 1914 are subject to call after five
years from date o f issu e ; those due in 1913 after 10 years, and those
in 1903 after one year. A ll are ex em p t from local taxation.
5 T. M. KU RTZ, Burgess.

P U N X S U T A W N E Y . - ■( J. R. L O W R Y , Secretary.
This borough is in Jefferson County.
W h en D u e. F loatin g d e b t...................
$1,167
LOANST otal debt Oct. 1 ,1 8 9 8 ..
47,167
P aving B o 'i n s 2,231
48, J&J, $8 ,0 0 0 ..........Jan. 1 ,1 9 2 7 Sinking fu n d .....................
N et debt Oct. 1 ,1 8 9 8 ....
44,936
(Optional alter Jan. 1 ,1 9 0 5 .
4s, F& A, $5 ,000......... Aug. 1 ,1 9 2 7 Assessed valuation, rea l.1,259,704
A ssessed valuation, p er’l 100,534
(Optional after Aug. 1,1905.)
8treet I mprovement Bonds— T otal valuation 189s___ 1,360,238
4s, J& D, $1 5,00 0...........1903-1921 Assessm ent about 23 actual value.
T ax rate (per $1,000) 1898.$19*75
Refunding B ondsPopulation in 1890 w a s .........2,792
48, J&J, $ 1 4,00 0........Jan. 1 ,1 9 2 3
P opu lation in 1898 (est.)___ 4,200
(Optional after Jan. 1 ,1 9 0 3 .)
B onded debt Oct. 1 ,1 8 9 8 .$ 4 6 ,0 0 0
V A L U E o f city p rop erty, $10,537 31.
INTEREST on p avin g bon ds p ayable at B orough Treasurer’ s office,
and on the refunding bonds at the F irst N ational Bank, P un xsutaw ney.
r -, T7 a i—\T a t /—’
5 A D A M H. L E A D E R , M ayor.
n ü A U l i N I j r .— \ H. H. HAM M ER, Clerk.
This city is the County seat o f Berks County.
LOANSLOANSW h en D u e.

W h en D u e

R kf’ e ’ g Water B’ds —(Con.)

F unding B onds-

48, A&O, $ 9 9 ,0 0 0 ....... A pr. 1 ,1 9 0 3

R efunding B onds—

4s, A&O, $ 2 0 0 ,0 0 0 ....A pr. 1 ,1 9 1 8
Subject to call a f r A pr. 1 ,1 8 9 8
4s, A&O, 40,000....... Oct. 1 ,1 8 9 9
4s, A&O, 10 0,00 0.. .A p ril 1 ,1 9 1 3
Optional after A p ril 1,1 903 .

4s, J&J, $1 25,000....... Jan. 1 ,1 9 1 9
Subject to call after Jan. 1 ,1 9 0 4
4s, J&J, $2 00,000....... Ju ly 1 ,1 9 2 0

P aving B onds—

4s........... $ 2 0 0 ,0 0 0 ....1 9 0 2 to 1922
($40,000 e v ’ry fifth year on Feb. 1.)
4s, A&O. $100,000..........1903-1923
($20,000 every fifth year on A p r. 1)
W ater B onds—
4s, J&J, $ 7 5 ,0 0 0 ........ Jan. 1 .1 9 0 2 4s, J& J. $100,000...........1902-1923
($20,000 every fifth year on J uly 1.)
4s, J& J. 7 5 ,0 0 0 ........ Jan. 1 ,1 9 1 2
4s. A&O, $100,0 00..........1904-1924
R efunding Water B onds48, J&J, $ 5 7 ,5 0 0 .........Jan. 1 ,1 9 0 0 ($20,000 every fifth year on A p r .l.)
INTEREST is p ayable at the office of the City Treasurer.
T O T A L DEBT —
Feb. 1, ’99. A p r i l 4, ’ 98.
1896.
Bonded debt (including w ater debt). $1,352,500 $1,371,500 $1,019,500
Sinking fu n d s......................................
99,563
82,928
71,274

L O A N S—

NAME AND PURPOSE.

T otal m unicip. d ebt. $674,412
Less sinking funds, &c.. 142,701

$678,479
98,940

$817,589
143,427

$787,556
242,215

Net debt.....................$531,711
$579,539
$674,162
$545,341In addition to the above-stated assets, the city purchased bonds o f
the redem ption loan series o f 1893, am ounting to $104,000, fo r invest­
m ent fo r the benefit o f its several sinking funds.
ASSESSED VALUATION—The city ’ s assessed valuation (about onethird cash valve) and ta x rate have been as follow s :
T ea rs.

B ea l
Estate.

P erso n a l
P ro p erty.

Total A ssessed
V a lu a tion .

$33*80
$20,877,103
$1,347,300
1897___ ...*$19,529,803
20,186,713
18 96___
34*60
19,619,304
1,021,540
18 95...... . . . . 18,597,764
27*63
*18,612,773
1,067,385
1892___ . . . . 17,545,388
16,385,834
*1,189,540
1 8 9 0 .... . . . . 15,196,294
4,680,805
97,934
1 8 8 0 .... . . . . 4,582,871
T h is am ount includes occu pation s as w ell as other personal p rop erty
P O P U L A T IO N —In 1890 p opulation w as 7 5 .2 1 5 ; in 1880 it w a s
45,850; in 1870 it w as 35,092; in 1898 ( loca l estimate) it w as 105,000.

r.E W I C K

|*
| J. C. C H A P LIN , Chairm an Fin. C om ,
A. K N O X , Clerk.
Sewickley is in Allegheny County
LOANSW hen D u e. I B onded debt A pr. 1, ’ 99.. $ 9 8 ,5 0 0
|W ater debt (included)___
75,000
Street I mp. B onds—
7,128
4 1ss, F&A, $3 ,500...................Yar. I F loatin g d e b t ....................
(Subject to call at any time) T otal debt A pr. 1, 1899. 105,■'28
Street and Sewer B onds.
I T ax valuation 1 8 98........ 3,0 80,8 00
4 -9s, ....$ 2 0 ,0 0 0 ......................1903 I A ssess’t ab’t 23 actual value.
C ity ta x (per $1,000) 1898...$5*50
Water B onds58, A&O, $ 6 0 ,0 0 0 ....A pr. 1 ,1 9 0 3 I Population in 1890 w a s.........2,750
j P opu lation in 1897 (est.)___ 3 ,5 00
4s, A&O, 15,000.......
1905
INT ER EST is p ayable at the F irst N ational B ank o f Sew ickley.
C IT Y PROPERTY.—The borough ow ns a w ater plant and other
available assets am ounting to about $150,000.

S H A M O K I N . — M. 0 . F a r r o w , Burgess.

This borough is in N orthum berland County.
LOANS—
W h en D u e .
LOANSW hen D u e.
B orough P urposes—
4s. M&N, $ 6 ,0 0 0 .. .N ov. 1 6 ,1 9 0 4
413s, M&S, $ 1 0 ,0 0 0 ...Sept. 9 ,1 9 0 5 4s,
M&S, 2 ,5 0 0 ...Sept. 9 ,1 9 0 5
4s, J&J, 7 ,0 0 0 .... Ju ly 1 ,1 8 9 9
R efunding B onds4s. F&A, 8 ,0 0 0 ....A ug. 6 ,1 8 9 9 48, J&J, $ 2 ,5 0 0 .... Jan. 2 3 ,1 9 0 4
4s, M&N, 7 ,6 0 0 ....Nov. 1 ,1 8 9 9 4s, M&N, 4 ,0 0 0 ....Nov. 9, 1904
4s, A&O, 6 5 ,0 0 0 .Oct. 1 5 ,1 9 0 0 to 4s, M&N, 1 0 ,0 0 0 ... .M ay 1 ,1 9 0 5
($2,0li0 yearly t o ’08, Oct. 1 5 ,’28 T otal debt Jan. 1 ,1 8 9 9 .. $134,000
T a x valuation 18 95.........1,200,000
$2,200 to ’ 18, and $2,500 to ’ 28.)
Assessm ’t about 10% actual value.
F unding B onds—
4*38, M&N, $ 6 ,0 0 0 ...M ay 1 8 ,1 9 0 3 T otal ta x (per $1,000)..........$72*00
R ea l
P er so n a l
Total A s s ’d B a te o f Tax
P
opu lation in 1890 w as.......14,403
413
s,
M&S,
1
,0
0
0
...Sept.
9
,1
9
0
5
T ears.
E state,
P ro p erty .
V a lu a tion , p e r $1,000.
1 8 9 8 ........................................................................
$43,000,000
.....
T A X E S on the above securities are all paid b y the borough.
18 94......................................................................
42,000,000 $12*50 O P T IO N A L —A ll o f the borough’ s bon ds ex cep t the $6 5,00 0 issue
40,130,240
14*50
18 91........................ ..$38,096,325 $2,033,915
are subject to call after five years from date o f issue.
1890.............................................................................
26,527,133 9*45
INTEREST is payable at the office of the borough treasurer.
1 8 89........................
23,910,568
136,935
24,047,503
..........
18 80........................... 17,397,467
569,441
17,969,908
..........
POPULATION. —In 1890 popu lation was 58 ,661; in 1880 it was S H A R O N — M a l in E w in g , Secretary.
43,278 ; in 1870 it w as 33,930; in 1898 (estim ated), 87,984.
This borough is in M ercer County.
Assessm ent is % actual value.
LOANS—
W hen D u e.
R e a d in g S chool D istrict . — A . R. Hoover, Treas.
R efunding—
T otal ta x (per $1,000) ’98..$2«:*50
This district, com prising the city o f the same name, is in Berks 4s, M&N, $ 1 0 0 ,0 0 0 ...Nov. 1 ,1 9 1 5 P opulation in 1890 w a s........7,459
County.
Total debt M ar 1, ’ 9 9 .... $100,000 Population in 1899 (e s t .)__ y,000
B onded debt Feb. 1, ’ 9 9 .. .$91,000 I F o r assessed valuation, popula- T a x valuation 18 98......... 2,987,619
School ta x (per $1,000) ’98..$4*00 |tion, &c., see city o f R eading.
O P T IO N A L .—A ll bonds subject to call at the option o f the Council.

N et d ebt............................................... $1,252,937 $1,288,572
$948,226
W ater debt (included a b o v e )........ $513,500
$532,500
$548,500
T A X FREE. —A ll issues o f the city ’ s bonds are exem pt from taxation
C IT Y PR OPER TY .—The city ow ns its w ater w orks, valued at
$1 ,250,000, real estate w orth $225,000, and other p rop erty to the
am ount o f $1 01,1 94; m aking a tota l o f $1,576,194.
ASSESSED VALUATION.—The city ’s assessed valuation (about
tw o-thirds o f cash value) and ta x rate have been as fo llo w s :

TD U M

n ir n

j JAM ES a . SMYTH, M ayor.

Jri.Xi.lN LJ V w . — ? JOH N SMITH, Treasurer.

S H A R P S B U R G . — H . S. A ye r s , Treasurer.

This borough is in Clinton County.
LOANSW h e n D u e. B onded debt Mar. 1 ,1 8 9 9 .$ 4 8 ,0 0 0
R efunding Water B onds—
T ax valuation 1898.............630,000
4^38, J & J , $3 0 ,0 0 0 ... Ju ly 1 ,1 9 0 6
A ssessm ent abt. *3 actual value.
W ater B onds—
T otal ta x (per $1,000) ’98..$39*00
413s, J& J,g. $ 1 8 ,0 0 0 ..Jan. 1 ,1 9 2 6 P opulation in 1890 w as.........4,154
Subject to call at anytim e.
Population in 1896 (est.).......4,200
Interest payable in R enovo.
T A X E S on the above securities are paid by the borough.

This borou g h is in A llegheny County.
E lectric Lights—
LOANS.
W hen due.
5s, M &N,$ 1 1 ,0 0 0 ....$ 1 ,0 0 0 yearly
5s, M&S, $ 3 5 ,5 0 0 ....$ 2 ,5 0 0 yearly T otal debt Apr. 1, ’9 9 ... $157,500
Sew er B ondsT otal valuation 1 8 9 8 ... 3,325,000
48, A&O, $6 2,00 0........... 1907-1919 Assessm ’t about 60% actual value.
($5,000 annually.)
T otal ta x (perM .) ’ 9 8 .......... $13*25
Street I mprovement P opu lation in 1890 w a s.........4,898
48, A&O, $60,000 .......Oct., ’08.’ 19 Population 1899 (estimated) .7,500
(Subject to call after 1908.)

5 H A R R Y MULDOON, Cont’ller.
<E L IAS D A V IS, Treasurer.

INTEREST on the water bonds is payable in Philadelphia; on the
electric bonds in Pittsburg.
T A X FREE. —All bonds are exempt from taxation.

S C H U Y L K IL L CO.
County seat is Pottsville.
LOANS—
W h en D u e.
4s, A&O, $ 3 8 ,1 0 0 ....Apr. 1 ,1 9 0 9
4s, ....... 1 4 2 ,0 0 0 ....A pr. 1 ,1 9 1 4
Optional after A pr. 1 ,1 8 9 9
4s, A&O, $75,000.......Oct. 1 ,1 9 1 6
3s, J&J, 274,100. ...J u ly 1 ,1 9 1 9
3s, M&S,
3 2 ,6 0 0 ....Sept. 1 ,1 9 2 1
All bon ds exem p t from taxation.
Interest p ayable in P ottsville
T ot.b on d , debt M ay l . ’98.$561,800




F loating debt................. $292,965
T otal debt M ay 1.1898.
854,565
Assessed valuat’n, real.44,162,636
A sses’ d v aluat’ n, pers’l . 2,949,762
Total valuation 18 97.. .47,112,398
State& Co. ta x (per $1,000)’ 98.$8 *00
Assessm ent abt. 60 p.c. actual vaL
Population in 1890 w a s ...154,163
Population in 1880 was. .129,974
P op u lation in 1897 (est.)... 165,000

Water B onds—

o x j ' x r i S J A 'M T 'i f 'i A T T
(A D O L P H P. T A B E R , Burgess.
O X T J L I N A L IN
J. M ULLOHEY, Treasurer.
Shenandoah is in Schuylkill County,
W hen D u e. W ater debt (in clu d ed )... $140,000
LOANS—
T a x valuation 1 8 96......... 2,150,000
R efunding B onds48, J& J, $2 0,00 0.........
Assessm ’t about 30 p. c. actual val.
1926
W ater B onds—
T otal ta x (per $1,000 )........... $35*00
5s, J& J, $1 40,000...........1923 1924 P opulation in 1880 w a s....... 10,147
T otal debt Feb. 1 ,1 8 9 8 .. $165,000 P opu lationin 1896 (estim’ d) 17,500

April, 1899.

ÎENNSYtVMIA—CITIES AW® TOWNS.

O P T IO N A L .—A ll ab ove bonds are subject to call at any time.
T A X F R E E .—A ll bon ds free o i ta x to holders.

7 »

" W A S H I N G T O N . — J. N . W h it e , Secretary
This borough is in W ashington County.

S H E H A D E N . — C h a s . L . C riss , Clerk.
This borou gh Is In A llegheny County.
4 LOANS—
W h en D u e.
IMPROVEMENT BONUS­
ES, A&O, $30,000...........1902-1927
(P art due in even years to 1910
and then yearly.)

B onded debt Oct. 20,’ 98. $50,500
Assessed v aluation ’ 9 8 .. 1,537,760
A ssessm ’ t about 75% actual v alue.
T a x rate (per $1,000) 1898.$14'00
P opu lation in 1898 (e st.)___2,800

33. F reed , Burgess.
This borough is in M ontgom ery County.
. LOANS—
W h en D u e.
T a x rate (per $1,000) ’98 . ..$11*00
4 s , .........,$ 1 6 ,0 0 0 ........... 1899-1922 P opu lation in 1890 w a s............ 679
B onded debt A pr. 1, 1898.$23,325 P opulation 1898 (est.)..........1,200
A ssessed valuation 1898. 470,000
S O U D E R T O N . — H enry

S O U T H B E T H L E H E M . - T hos . G a n e y , Clk.
This borough is in N ortham pton County.
LOANS—
W hen D u e.
M arket B uilding B ondsP ermanent Street I mp . B onds. 48, J& D, $ 1 5 ,0 0 0 ....... June 1 ,1 9 0 9
4s, A&O, $15,000...... Apr. 1 ,1 9 1 9
4s, J&D, $ 2 4 ,0 0 0 .. June 1,1 909 -19
4s, A&O, 15,000...... Apr. 1 ,1 9 2 0
Bonded debt M ar.14,’ 99 . $158,500
48, J&J,
5,0 00....... July 1, 1921 T ax valuation 1898........ 5,964,518
4s, J&J, 15,000....... Ju ly 1, 1922 Assessment abt. 6 6 p. c. act. value.
R edemption B ondsT otal ta x (per $1,000) ’ 9 8 ..$ 1 8 T 0
48, P&A, $69,500....... Aug. 1 ,1 9 1 6 Population 1890 w as............ 10,302
O PTIONAL. The $15,000 o f m arket building bonds are subject to
call ten years from date of issue, at the option of the boroueh • all
other issues fifteen years.
S rT N rR T T R V '
<P. H. MOORE, Chief Burgess
O U l N D U t t I .— <>l. T. C. D ISSIN G E R , Clerk.
This borough is the coun ty seat o f N orthum berland County. The
borough o f East Sunbury was annexed M arch 3 ,1 8 9 6
B onded debt Mar. 1 , ’99. $55,900 \ T ax rate (per $1,000) ’98. ..$52*00
Assessed valuation ’ 9 8 .. 1,350,000 P opulation in 1890 w a s___ 5 930
A ssessm ent about 5 actual value. |Population in 1899 w as.L .12,'000

LOANS-

P aving B onds-

W h en D u e.

T ota l d eb t June 16, ’ 9 8 ..$ 1 2 7 ,2 5 4
T a x valuation 1898......... 4,863,927
T ax rate (per $1,000) 1898..$21*00
P opu lation in 1890 w a s.........7,063
P opu lation in 1898................ 8,000

48, A&O, $60,000........... 1908-1912
B onded debt June 16, ’ 98 .$121,300
F loatin g d eb t..................
5,954

W A S H IN G T O N
C O . — G eo .
Clerk County Commissioners.

E.

L o ckhart ,

W asnington is the coun ty seat.
LOANS—
W h e n D u e I B onded debt Mar. 1 ,’99. $500,000
a
A jAIL B onds— |Assessed valuation ’ 98.46,712,431
4s, F&A. $ 5 0 0 ,0 0 0 .A u g .l, 1901-26 i P opu lation in 1890 w a s .. . . 71 ,15ft
( Various am ounts yearly.)
|Population in 1898 (est.)...9 0 ,0 0 0

W ' E S T C H E S T E R . — W . S. U n der w o o d , Treas.
This borough is the capital o f Chester County.
W h en D u e. Net debt Mar. 1 ,1 8 9 9 .... $113,000
LOANS, T a x valuation, rea l......... 6,660,580
3*28, J&J, $4 5,50 0.................... 1927 ! T a x valuation, personal. 445,555
R edemption B onds—
I T ax valuation 1898......... 7,106,135
3*28, A&O, $7 1,50 0.............. . 1927 I Assessm ent about actual value.
Int. p ayable b y B orough Treas.
I Total ta x (per $1,000) ’9 8 ... $11 *50
Total debt Mar. 1 ,1 8 9 » .. $117,000 Population 1890 w a s..........„ 8 ,0 2 8
Sinking fu nd .....................
4,000 |P opu lation 1898 (est.).......10,000
A ll taxes on bonds are paid b y the borough.
W A T E R W O R K S , E t c .—The borough in 1898 owned water works,
sehool houses and otlier buildings valued at $275,000.

—
01Water
T «.-rB onds
K/wi

W E S T M O R E L A N D C O . - W . D. R e a m e r ,
Commissioner.— County seat is Greensburs
The rem aining
$60,500 bonds w ill be redeem ed during the n ex t 6 m onths, after w hich

the county will be free of debt.
—

’

T ax valuation 1 8 9 8 ...$ 6 1 ,3 5 6 ,0 1 5
County JBonds—
State & Co. ta x (per M.) ’ 98..$7*00
4 s , — . . , $ 6 0 ,5 0 0 ................... 1920 Population 1890 w a s..........112,819
n, + 1 F v ^ s ^ J e c t tocall.)
Population 1899 (est.)...... I dO.OOO
Total debt Aug. 15, 18 98.$95,500
'
W h en D u e .

T A R E N P U M . — F. A . Re a d y , Clerk.
This borough is in A llegheny County.
LOANS
W hen D u e.
P aving B ondsB uilding B onds—
58. M&S, $ 9 ,0 0 0 ........ Sept. 1 ,1 9 2 8
6 s, M& 8 , $3,3oO..................
(Subject to ca ll Sept. 1 , 1908.)
E lectric -Light B ondsB onded debt Oct. 1, ’ 98.. $71,800
........
58, M&S, $44,500
.1922 Assessed valu a tion ’ 98 ..1,7 36,1 40
(Subject to call.)
A ssessm ’t about 70% actual value.
Sew er Bonds—
T otal ta x (per $1,000) ’ 98..$18*75
5s, M&S, $ 1 5 ,0 0 0 ___ Sept. 1 ,1 9 2 8 P opulation in 1890 w as
.4,627
(Subject to call Sept. 1 ,1 9 0 8 .)
P opu lation in 1898 (est.)__5,000
INTEREST is payable at the N ational B ank of Tarentum.

T I O G A C O U N T Y . — R ic h a r d H . S m it h , Treas.
County seat is W ellsboro.
LOANS—
W h en D u e.

T ax valuation, r e a l ... $13,786,419
County B onds—
T ax valuation, pers’nal 1,186,125
4s, J&J, $ 1 25,0 00..Jan. 1, 1923 Total valuation 1 8 9 8 .. 14,972,544
Optional at any time.
State & co. t a x (per M .),’ 98.$10*00
Bonded debt Jan. 1,1899 .$125,000 P opulation in 1890 w as....... 52,313
Interest is payable at W ellsboro. P opulation in 1898 w a s....... 52,000

W I L K E S - B A R R E . — F r a h k D e it r ic k , Clerk.
W ilkesbarre is in Luzerne County.
LOANS—

W h en D u e .

E xtension B onds (1874)—

5s, M&N, $3 0,00 0....... M ay 1 ,1 8 9 9

Refunding B onds—

4*28,........ $100,000. .1902 to 1927

4*28, M&N, 50 ,000....... 1904-1924

($10,000 due every 5 yrs. on M ay 1.)
4s, M&S, $2 0,00 0....... Mar. 1 ,1 9 0 8
(Subject to call after 1903.)
4s, M&S, $4 0,00 0....... Mar. 1 ,1 9 0 8
3*28, F&A, 210.000........1905-1929

($8,000 yearly on F e b .l to 1919 &
$9,000 y early to 1929 )
48, M&S, $ 1 50,000___ Mar. 1 ,1 9 2 8
(*3 subject to ca ll after 1908 and
*3 after 1918.)
T ax valuation 1898___ $8,747,474
A ctual valu a tion .......... 35,000,000
T otal ta x (per $1,000) ’ 98 ..$46*50
T a x valuation 1880___ 2,822,931
P opu lation 1890 w a s...........3 7 ,7 1 8
P opu lation 1898 (est.).........5 5 ,0 0 0

>city has no water debt.
C IT Y IP R O P E R T Y .—The city owns property valued at $246,721.

W il k e s -B ar r e S chool D istict .— {
B uilding B onds—

w.^oss® cie?k68'

Assessed valuation ’ 98..$8,745,841
Total ta x rate (per M.) ’9 8 .. .46*50
P opulation 1898 (est.).........55,000

T I T U S V I L L E . — This city is in C raw ford County. The city
is refunding its entire debt b y 3 p er cent 10-20 year (optional) bonds.
LOANS—
W hen D u e.
LOANS—
W h en D u e.

5s, F&A, $35,000.......... 1910-1914
B onded debt Mar. 1, ’ 99 ..$15 2,20 0

4s,$13,000.................................. 1900
4s,
1,100............................... 1901
4s,
5 0 0 ............................... 1903
4s,
2 0 0 ............................... 1905
4s,
18,000............................... 1906
4s,
33 ,000............................. 11907
4s,
5 0 0 ...............................1908

This borough is in A llegheny County.
LOANSA m o u n t. Total debt Feb. 1 ,1 8 9 8 ... $303,000
Sew er B onds—
9,800
Sinking fund assets.........
4*28, M &S.......... . ................$140,000 N et debt Feb. 1 ,1 8 9 8 ___ 293,200
Street B onds—
T ax valuation 1 8 97......... 7,512,505
4*28, J & J ............................... $40,000 Assessm ent abt. 75 % actual value.
4*28, J& D ............................... 108,000 T otal ta x (per $1,000) ’98...$14*50
48, ....,$ 1 5 ,0 0 0 ........... 1899-1915 P opu lation in 1890 w a s.........4,662
(1 bon d 1, 3, 5-yr. and then ann.) Population in 1899 (estim’ d) 15,000
48..........$30,000...........................1918

City B onds—

W ater B onds—Cont.—

4s,
4s,
4s,

$5 ,0 0 0 ................................1907
11 ,800................................1908
1,000................................ 1 9 0 9

48,
4s,

$ 4 ,500................................ 19 01
2 ,1 00................................1906

Sew er B onds-

Sinking F und B onds—

Ü ater B onds—
4 s , .......... $26,200................................
4s,
$3,500............................... 1900 Bonded debt Feb, 1 6 ,’99 . $116,000
4s,
9,7 00............................... 1901 W ater d ebt in clu d ed .......
49,900
4s,
10 ,500...............................1903 T a x valuation 1 8 98......... 2,150,000
4s,
1,300............................... 1904 T a x rate(per $1,000 )’ 9 8 ......... 17*00
4s,
1,700...............................1905 P opulation in 1890 w a s.........8,073
4s,
5,4 0 0 ...............................1906 P opulation in 1898 (est.)....... 9,000
IN T E R E S T is payable b y the City Treasurer.
C IT Y P R O P E R T Y .—The city ow ns a w ater w orks and electric light
plant, and other p rop erty and assets am ounting to about $278,992
P O P U L A T IO N .—The popu lation in 1890 w as 8,073.

T it u sv il l e S chool D ist r ic t .—
Tot.bds.,3*28, M ar.,’ 9 9 -----$24,500 I T ax rate (per $1,000), ’ 98 ...$1 2*50
T a x valuation 1898........ 2,100,000 J
i t - » / ,
^
T U R T L E

C R E E K .— This borough is in A llegheny Co

LOANS-

B oroi GH Bonds—

W h en D u e.

4*28, A & O, $ 2 0 ,0 0 0 .......... ....1 9 2 5
4*28, M&N, 50,000.................. 1925

School B onds—
4*28,.......... $ 4 6 ,0 0 0 ..........................

B orough d eb t Jan. 1, ’ 99. .$70,000
Assessed valu a tion ’98. 1,580,000
Assessm ent about % actual value.
T ax rate (per $1,000) ’ 98.. ..$16*70
P opu lation 1897 ie s t .)......... 3,000

**INT i RE,S Tr 0n J 1*© borough bon ds is p ayable at the C hem ical Nau on al Bank, N ew Y o rk City, and on the sch ool bon ds at the Citizens’
Bank o f Turtle Creek.

T Y R O N E . — T. J. G ates , Treasurer.
This borough is in B lair County.
B onded debt Feb. 15, ’ 98. $27,400
Assessed v a lu a tio n ’97 .-1,9 00,0 00
Assessm ent 23 actual value.

U N IO N

T ax rate (per $1,000) ’ 9 7 .. $19*75
P opu lation 1890...................... 4,705
P opu lation 1897 (est.).......... 7,000

C O U N T Y . — D. R. S m it h , Treasurer.

County seat is Lew isburg.
LOANS—
W h tn Due.
Bridge B onds —1889-1894—
4s, J&D, $ 2 5 ,0 0 0 ....June l , ’ 99-’05
(Optional—$4,000 due yearly.)
(E xem pt from State tax.)
Int. p ayable at County Treasury.




T otal debt J an. 2, ’ 9 9 ...
$25,000
C ounty has no sinking fund.
T otal valuation 1 8 9 9 .. .$7,368,055
R eal assessm ent fu ll value.
Co. ta x (per $1,000) ’9 8 ..
3*00
Population in 1890 w as....... 17,820

W I L K I N S B U R G . — J am es G. S torer , Secy.

T A X FR EE —The sew er bonds are exem pt from taxation .
IN T E R E S T is p ayable at the F irst N ational Bank o f W ilkinsburg.

W IL L IA M S P O R T
5 S. N. WILLIAMS, Mayor.
VV
1 . — { E D W A R D T A YL O R , Treas.
W illiam sport is the capital o f L y com in g County. B onds all tax
6xem pt.
LOANS—
W h en D u e.
Interest is paid b y City Treasurer.
City B ondsB onded debt F eb.17, ’98 $690,300
48, M&S, $ 5 3 4 ,3 0 0 ... Sept. 1,1 901 Sinking fu n d ...................
9,200
Subject to caU at any time.
Net debt Feb. 1 7 ,1 8 9 8 .
681,100
4s, M&S, $8 6,00 0___Mar. 1 ,1 9 2 5 T a x valuation 1 8 9 8 .... 9,200,000
Subject to call after Mar. 1 ,1 9 0 5 . Assessm’ t abt. 50% actual value.
City H all B onds—
T otal ta x (per $1,000) 1897.$15*00
4s^ M&N, $70,000___ M ay 1 ,1 9 2 3
Subject to caU after M ay 1 ,1 9 0 3 . P opulation 1897 (e s t ) ....... 32,0t 0
A sinking fund ta x o f $ 1*50 p er $1,000 is levied on all taxable pron
erty i** this city and bonds to the am ount raised b y this ta x are called
and paid (par and accrued interest) each year.
T A X FREE.—AH bonds are exempt from taxation.

W I L M E R D I N G .—
This borough, organized in 1890, is in AUegheny County
LOANS—
W h en D u e.
T otal debt Feb. 1 5 ,1 8 9 8 .$ 1 2 5 ,0 0 0
T a x valuation, rea l.........1,760,000
5*28, M&S, $ 5 ,000...... Mar. 1 ,1 9 0 2 T a x valuation, personal. 130,000
School Bonds—
T otal valuation 1897___ 1,890,000
5e, A&O, $2 6,00 0....... A p r. 1 ,1 9 1 1 A ctu al value (est.)...........3,000,000
Street I mprovement B ondsT otal ta x (per $1 ,0 0 0 ).........$18 00
58, A&O, $6 3,50 0........Oct. 1 ,1 9 1 5
P opulation in 1890 w a s......... 419
5s, A & O, $33,000........ Oct. 1 ,1 9 2 6 P opulation in 1898 (estim’d ).3,000
INTEREST on the street im provem en t bonds is paid by the Second
National Bank, Pittsburg, Pa.
T A X FREE. The street im provem en t bonds are free from taxation.

B uilding B onds —

Y O R K -

5 C A PT A IN F R A N K GEISE, M ayor,
v .
.
( GEO. M. B OLLIN GER, Com ptroller.
Y ork is the capital o f Y ork County.

74

Vol. LXVIII

STATE AND CITY S U fflEM E W T ,

4s, A&O, $2 7,000....... Oct. 1, 1917
LOANS—
W h en D u e .
Interest is p ayable at Y ork, Pa.
H igh w ay I mp . B onds48, J &J, $21,000.
Ju ly 1 ,1 9 1 4 B onded debt Sept. 4 ,’97. $204,000
4s, A&O, 39,000
Oct. 1 ,1 9 1 7 T ax valuation 1 8 9 6 ... 11,824,000
4s, A&O, 30,000
Oot. 1 ,1 9 1 6 A ssessm ent about % actual value.
..A pr. 1 ,1 9 1 7 T otal ta x (per $1,000)...........$18-00
4s, A&O, 40 .000
4s, A&O, 2 0 ,0 0 0 ... .A pr. 24,1905 Population in 1890 w as....... 20,793
4s, F&A, 17.000
..Feb. 1 ,1 9 1 0 P opu lation in 1880 w as........13,940
4s, M&S, 10.000
..S e p t.l, 1915 P opu lation in 1897 (est.).. .27,000
T A X FREE.—A ll o f the ab ove securities are exem p t from taxation.
C IT Y P R O P E R T Y .—The city in 1896 ow ned p ublic buildings and
available assets am ounting to $74,675.

Y ork S chool D istrict .

J o hn F. R u d isil l , Sectary.

4s, J& J, $48,000..........................
4s, J& D, 125,000............19 >1-1925
B onded debt Feb. 15,’99 ..$17 3,00 0
Sinking fu n d ........................ 11,000
N et debt Feb. 1 ,1 8 9 8 ........ 75,000

A D D IT IO N A L

Assessed v a lu a tio n ’ 98$11,500,000
A ssessm ent % actual value.
T a x rate (per $1,000) ’ 9 8 ...$1 6*50
P opu lation 1899 (est.).........25,000

ST A T E M E N T S.

In the tirst table below we show the outstanding debt and the assessed
value o f prop erty o f such counties in the State o f P ennsylvania as are
n ot included am ong the foregoin g returns. W e add in each case the
population from the Census o f 1890. In the second table w e give the
indebtedness o f other c iv il division s o f the State, not included am ong
the foregoing.
N a m e o f C o u n ty .

A d am s.....................
A rm stron g ..............
B e a v e r .....................
B e d fo r d ...................
B erk s.......................
B u c k s...................
B utler.............. .......
C a m b ria .................
C am eron.................
C arbon.....................
Centre.......... ...........
C larion.....................
Clearfield.................
C olum bia.................
C u m berlan d ...........
E lk ............................
E rie..........................
F orest......................
F ra n k lin ............ .
F ulton......................
G reene.....................
Jefferson.................
L aw rence................
L eban on .................
L ehigh.....................
M ercer.....................
M ifflin......................
N orth um berland ..
P ik e.........................
P otter......................
S nyder.....................
Som erset.................
S u lliv a n ..................
Susquehanna.........
V e n a n g o ...............
W arren....................
W ayne,...................
W y o m in g ...............
Y o rk ........................
C ities, B orough 8, etc.

Total
Debt.

A ssessed
V a lu a tion .

$9,891
64,105
26,000
16,000
28,000
No debt.
30.000
10.000
44.500
153,250
No debt.
No debt.
221,800
151.000
N o debt.
24.000
No debt.
36.000
No debt.
No debt.
No debt.
72,384
No debt.
46,825
No debt.
34,310
77,300
130.000
No debt.
22.500
9,250
4,500
46,933
15.000
No debt.
96.500
42,750
40.000
207.000

$11,502,624
9,956,269
25,348,192
8,747,243
78,732,244
38,311,439
14,361,340
26,061,071
973,665
5,603,227
11,965,364
8,866,275
20,228,087
12,704,176
22,231,757
3,726,884
33,581,933
2,359,518
17.649.250
1,028,019
12,991,309
12,916,101
17,718,613
32,441,990
37,562,484
23,005,025
3,441,768
8,753,750
1,218,847
11,462,398
4,847,354
9,414,420
1,849,555
4,219,773
12,888,381
10.178.251
4,561,943
3,817,988
43,584,449

Total
D ebt.

A m bler (Bor.), M ontgom ery C o .. .$30,400
A v alon (Bor.), A llegheny C o ........ 61,320
Carlisle S chool D istrict.................. 31,050
Catasauqua (City), Lehigh C o ----- 39,883
C lifton H ’ights (B o r.), D elaw ’ e Co 30,140
C oraopolis (B or.),A lleghen y C o .. 83,000
C rafton (B or.), A llegheny Co....... 37,500
Duquesne (Bor.), A llegheny C o ..208,000
E dgew ood (Bor.), A llegheny Co . 73,500
Elizabeth (B oro.), A llegheny C o.. 30,500
Franklin (City), V enango C o....... 25,000
G reensburg (B or.), W estm ’ l’d Co. 93,261
Landsdale (B or.), M ontgT y C o ... 38,390
North E ast (B or.), E rie.................. 47,150
P lym outh (Bor.), Luzerne C o— 27,277
R ankin (Bor.), A llegheny C o....... 51,500
bh ippensburg (B o r.)....................... 33,682
South Chester«Bor.),D f*lawareCol26,000
W arren (Bor.), W arren C o ....... .
45,000

A sse ssed
V a lu a tion .

P opu­
lation.

33,486
4 6,747
50,077
38,644
137.327
70,615
55,339
66,375
7,238
38,624
43,269
36,802
69,565
36,832
47,271
22,239
86,074

Tax
R ate.

$966,035

INTEREST.—On a part o f the bon ds o f series “ B ” and o f the
R efu nding bonds o f 1897 is payable at the P hiladelphia N ational Bank
in Philadelphia.
T O T A L DEBT, ETC.—The total liabilities on D ec. 3 1 ,1 8 9 8 , were
$894,750. On M arch 1, 1899, the total liabilities w ere $819,750. The
assets w ere $1,169,419; assets in excess o f liabilities $349,669. The
tota l assets include bank stocks $ 4 7 7 ,7 0 2 ; m ortgages on railroads
$385,000, and bonds, $161,750.
ASSESSED V A L U A T IO N .—The total assessed valuation of the
State in 1890 was $74,134,401; in 1897 it w as $77,632,079.
DEBT LIMITATION.—N eitherthe n ew C onstitution (adopted June
4 ,1 8 9 7 ,) n or the old C onstitution n or the State statutes contain any
general provisions authorizing bond issues or lim iting the debt-making
pow er, except that the new Constitution—
(1) Forbids the State (A rticle 8, Sec. 3) to borrow m oney o r create
debt, “ but pursuant to an A ct o f the General A ssem bly passed w ith
the concurrence o f three-fourths o f all the m em bers elected to each
H ouse, e x cep t to supply casual deficiencies, repel invasion, suppress
insurrections, defend Hie State in w ar or p ay ex istin g debts.”
(2) Forbids any bounty, city , tow n o r other m unicip ality (A rticle 8,
Sec. 8) to “ lend its credit or appropriate m oney to , or assum e the debt
of, or becom e a shareholder or jo in t ow n er in, or w ith, any private
corporation or any person or com pan y w hatever.”
(3) F orbids any corporation (A rticle 9, Sec. 1) to be created, etc., b y
special act, “ but on ly b y or under general law ” ; “ but the foregoin g
provisions shall n ot apply to m unicipal corporations, banks,” etc.
The above indicates that the authority as regards m unicipalities (ex ­
cept as already specified in num ber (2) ) rests w ith the General
A ssem bly, and the General A ssem bly alw ays passes special aots to
provide fo r special occasions and needs.
P O P U L A T IO N O F S T A T E .—The popu lation o f D elaw are has been
as follow s in thé years m entioned:
1890
168,493 1 8 60 ................. 112,216 1 8 30....................76,748
1880
146,608 1850....................91,532 1 8 20....................72,749
1870
125,015 1840....................78,085 1 8 10....................72.674

C itie s , C oun ties a n d T o w n s
IN THE

10,137
28,935
44,005
37,517
48,131
76,631
55,744
19,996
74,698
9.412
22,778
17,651
37,317
11,620
40,093
46,640
37,585
31,010
15,891
99,489
Popula tion .

$7-00
1,077
17-00
3,238,946
5-50 *10,000
1,524,005 1 8 0 0
3,704
839,856 15-50
1,820
14-50
962
1,50C ,800 10-00
4,359,670 1 7 0 0
1300
616
750,000 1 0 0 0
1,804
1,835,364
6,221
4,363,080
*7,500
1,200,000 13-50
1,858
825,000 18-00
1,538
870,687 19,00
9,344
1,400,000 15-00
805,391
2,744,105
7,076
2,194,314 2 5 0 0
4,332

S T A T E OF D E L A W A R E .
D O V E R . — C. B. H ope, Treasurer.
D over is the capital o f D elaw are and the cou n ty seat o f K en t County
A ssess’t about same as actual value.
LOANS—
W h en D u e.
Water B ondsCounty ta x (per $1 ,000 ).........$4-50
48, J&J, $1 2,00 0.........Ju ly 1 ,1 9 0 1 City ta x (per $ 1 ,0 0 0 )............. 2-20
B onded debt A p r .l, 1898. $12,000 Population 1890 w a s...............3,061
T otal valuation 1 8 9 7 ___1,723,000 P opu lation 1898 w a s...............4,0 00
Bonds are subject to call in num erical order on 3 m onths’ notice.
INTEREST is payable at the Farm er’s B ank o f D over.

K E N T

C O U N T Y . — County seat is D over.

L O A N S—

W h en D u e . i B onded debt Jan. 1,’ 98..
$40,000
County B onds- •
F loatin g debt o e r tifs ...
27,300
4s, sem i-an., $ 4 0,00 0........ O ptional T otal debt Jan. 1, ’98 ...
67,300
Certificates —
I T a x valuation 1 8 97____14,282,672
6s, semi-an., $9,800........ Optional |Co. ta x ,p e r $1,000 ’9 7 ..
$ 4 -70
5s, semi-an., 5,000........ Optional |P opulation in 1890 w a s.......32,664
4 1as, semi-an., 12,500........ O ptional |P opu lation in 1896 (e s t .)...33,000

N E W A R K . — G eorge W . W il l ia m s , Treasurer.
Newark is in New Castle County.
LOANS
W h en D u e. T ax valuation,' rea l.......... $600,006
E lectric -Light B ondsT ax valuation, personal.. 40,000
58, J&D, $5 ,000...........1898 & 1903 T otal valuation 1 8 94....... 640,000
refunding Water B ondsCounty ta x (per $1,000)..
$ 4 '00
10-00
48, ....... ,$ 3 7 ,0 0 0 ....................... 1926 T ow n ta x (per $ 1 ,0 0 0 )...
Population 1890 w a s...............1,191
(Subject to ca ll after 1906.)
B onded debt Feb. 1, ’9 9 ... $42,000 P opulation 1880 w a s...............1,148
INTEREST is p ayable at the N ational Bank o f Newark, D elaw are

N E W

C A ST L E

LOANS—

C O . — County seat is W ilm ington.

W h e n D u e.

Court H ouse L oan—

‘ P opu lation estimated.

413s, J&J $6 9,90 0....... Ju ly 1 ,1 8 9 9

State of Delaware.
ITS

D E B T , R E SO U R C E S, E tc .

B ridge Boni>s 1893—
5s, M&N, $100,000, g . Sept. 1 ,1 9 0 4
$10,000 due yearly to Sept. 1, 1913
F unding D ebt—

R efunding B onds—

4s, . . . . $150,000............. 1910-1924
($10,000 y ea rly on D ec. 1.)
T otal debt Jan. 1 ,1 8 9 8 . $472,900
T otal v a lu a tion ’ 9 7 ........52,773,175
Assessm ent *3 to *3 actual value.
County ta x (per $1,000) ’ 9 8 .. $ 6 ‘00
Population 1890 w a s............ 97,182
Population 1880 w as............ 77,716

5s, J&J, $ 7 8 ,0 0 0 .. .$10,000 yearly
5s, M&N, 60,000, g .........1904-1909
($10,000 due yearly.)
Paym ents on loans fo r benefit o f Trustees o f P oor are n ow ein j
made.
T A X F R E E .—A ll bonds issued b y this cou n ty exem pt from ta x a tion

Admitted as a State .
One of Original Thirteen
Total area of State (square m i l e s ) .................................2,120
IN T E R E S T is payable b y County Treasurer, W ilm ington.
State C a p i t a l , ............................................................ Dove
Governor (term expires Jan., 1901)
- Ebe W . Tunnel]
S U S S E X C O U N T Y . — G eorgetow n is the cou n ty seat.
Secretary of State (term expires with Gov.) James H. Hughes
LOANS—
W h en D u e. I B onded debt Mar. 1. ’97.
$42,500
T r e a s u r e r ....................................................Lewis H. Ball
6s............$1 7,50 0.......... ...................... Assessed v a lu a tio n ’ 97.10,576,232
4
x
38
........
12,500...............................
P
opu
lation
1890...................
38,647
Legislature meets biennially in odd years on the first Tues­ 4 s , ......... 12,500............................... I
day in January, and pay is limited to 60 days.
H ISTO R Y OF DEBT.—The historical details o f D elaw are’ s State
d ebt from 1865 to 1»94 w ill be fou nd in the State and City Supple ­ W I L M I N G T O N . — fw '. H. C U R R Y ,’Treasurer.
The city o f W ilm ington is in N ew Castle County.
ment o f A pril, 1894, page 72. The present exten t and condition o f
the debt and resources o f the State are given below , show ing that
-I n te r e s t.-:—,
-P r in c ip a l.LOANSD elaware n ow holds good assets m ore than equaling its liabilities.
P . Ct. P a ya b le.
W h en Due,
O utstand’g.
NAME AND PURPOSE.
LOANS ~
'— In terest .— > ,----------- P rin c ip a l, -----------, B oard o f Educ. loan No. 28 5
M & S
Sept. 1, 1899
$24,000
NAME AND PURPOSE.
R a te P a ya b le.
W hen D u e. O utstand’g.
N
ov.
1,
’
99-1904
)
42,000
B ond iss, to school fu nd 1881. 6
----Ju ly 1, 1906 $156,750 Funding lo a n ..........No. 29 4*2 M & N { $7,000 yearly. 5
Cer. to D elaw are College 1877 6
—
perpetual
1915 to 1917 ) 150,000
83.000 Park loan ................. No. 33
3^
& O;
H ospital im provem ent 1 8 9 5 .. 3*2 J & J Ju ly 1, 1915
part
each
year.
(
35 .000
Subject to call on o r after Ju ly 1 1906.
& O
A & O l , 1924
50.000
do
............................. 4
P art o f ser. “ B ” refund. 1887 3
J & D
June 1, 1907 $250,000
& O
25.000
1925
do
............................. 4
Subject to call on o r after June 1 ,1 8 9 7 .
4
& o
20,600
A p r. 1, 1926
do
................... 1898
4
& o
R efunding, 18 97............ ............ 3
J & D
Dec. 1, 1927
245,000
Oot. 1, 1926
29.400
do
................... 1898
Subject to oall after 1922.
1900
to
1907
)
T em p orary loan ....................... 3 1« .........
Oot. 1, 1899
35,000 Crem atory loan
$ l,5 0 0 y ’ ly in A p r .) 12.000




M flÜ -b E B T Of STATE.

April, 1899.

,— 1 ntei'est .— \
----- - .. P rin c ip a l .-----------P . Ct. P a ya b le .
W h en D u e. Outstand'g.
41« A & o
A pr. 1, 1921
$45,400

LOANS—
NAME AND PURPOSE.
Street and sew er bon ds___
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
1896
do
do
1896
do
do
1896
do
do
1897
W ater loan (reser.) No. 25

A
A
A
A
A
A
A
A
A
A
A
A
A
J

41«
41«
41«
4
4
4
4
4
4
4
4
4

<fe
<fc
&
<fc
&
&
&
&
<fc
<fc
&
&
<fc

o
o
o
o
0
o
o
o
o
o
o
o
Ü

Oct. 1, 1921
50,950
A pr. 1, 1922
52,500
Oct. 1, 1922
1,150
Oct. 1, 1918
12,150
Apr. 1, 1919
43,900
Oct. 1, 1919
45,250
A pr. 1, 1920
46,600
Oct. 1, 1920
48,050
A pr. 1, 1921
4,050
Oct. 1, 1924
67,000
A pr. 1, 1925
62,650
Oct. 1, 1925
1,650
1925-1926
75,000
Ju
ly
1,
’
99-1908
& j j
6
56,000
$6,000 yearly. £
Sept. ’ 99 to 1911
do
M &
(reser.) No. 26 6
£
44,500
$3,500 yearly.
do
var. 1913-1914
.No. 31 41« A &
60,000
A & Ü Oct. 1 , 1919-’ 23
do
.No. 32 4
25,000
do
.No. 32 31« A &
var. 1914-1915
60,000
Sinking fund loan
4, 41«, etc.
Various.
702,050
do
4
A &
do
1910 to 1913
176,000
T A X F R E E .—A ll bon ds o f this city are exem p t from taxation.
INTEREST on all bonds payable at the office of the City Treasurer.
T O T A L D E B T , Et c .—The subjoined statem ent shows W ilm ington’ s
t o t a l m unicipal debt and the w ater debt o n the dates named.
Jan. 1 ,1 8 9 8 . Jan. 1 ,1 8 9 8 . Ju ly 1 ,1 8 9 7 .
T ota l bon ded debt................ $2,034,450
$2,018,000
$2,087,250
The net indebtedness o f the city in 1880 w as $1,372,450.
ASSESSED V A L U A T IO N .—The assessed valuation o f real estate
fo r 1897 was $33,960,527; in 1891 it w as $ 3 3,81 3,54 3; in 1898 about
$40,000,000. P rop erty is assessed at about s5 its actual value. P er­
sonal p rop erty is n o t taxed. F or 1898 the ta x rate per M. w as $20*00.
P O P U L A T IO N .—In 1890 p opulation w as 61 ,431 ; in 1880 it was
4 2 ,4 7 8 ; in 1870 it w as 30.841; in 1899 it w as (estim ated), 75,000.

•1
o
o
o

State of Maryland.
ITS

D E B T , R E SO U R C E S, E tc .
A d m i t t e d as a S ta te
T o t a l a r e a o f S ta te (s q u a r e m ile s )
S t a t e C a p ita l

-

-

-

-

-

O n e o f O r ig in a l T h ir te e n
.
.
.
.
12,210
-

-

-

A n n a p o lis

75

yet w e notice that even in 1890 a special charter was granted in corpor­
ating the G erm ania Savings Bank o f B altim ore. H ow ever, in both the
general and special law s there appears to be a p retty general authority
granted fo r investing the deposits. The general law states that—
A n y savings institution incorporated under this article shall b e
capable o f receivin g from any person or persons, or bodies corporate o r
politic, any deposit o f m oney w h ich shall be in vested o r loa n ed ou t o n
g ood s e c u r ity in the d iscretion o f the d irec to rs ; provided that n o p a r t o f
the funds o f said corporation shall be loa n ed to a n y officer o r d irector o f
such corporation.
In the special la w passed in 1890, w hich w e have referred to above,
the p ow er to loan the deposits is m ade a little m ore definite. The sec­
tion referring to that subject states that the “ corporation shall h a ve
“ p ow er to borrow m oney, receive m oney on deposit, loan m oney
* talcing su ch s e c u r ity th erefor, eith er rea l o r p ers o n a l, a s the B o a r d o f
‘ D irec tors m a y d eem s u fficien t; provided that n o p a r t o f the funds o f
“ said corporation sh a ll be lo a n ed to a n officer o r d irector thereof.”
W e cannot discover any m arked difference in the tw o provision s
cited, except that the enactm ent in the case o f the new B altim ore bank
states distinctly that the security can be either real or personal. B ut as
m uch as that would, w e think, be assumed as authorized under the gen­
eral provision, since no lim it is m ade and loaning on bond and m ortgage
is alw ays a legitim ate part o f the business o f savings banks.

C it ie s , C o u n ties a n d T o w n s
IN THE

STATE
A L L E G A N Y
LOANS—

Court H ouse B onds-

OF

M ARYLAND.

C O .— County seat is Cumberland.
W h en D u e.

SCHOOL H ouse Bonds -Con.)

4s............ $^0,000................... 1 9 2 5
Subject to call after 1915.
B onded debt A pr. 1 ,’ 9». $230,000
I nsane A sylum —
T a x valuation 1 8 9 8 ... 20,463,682
4s, A&O, «5 ,000........ Ju ly 1, 1899
State ta x (per $1 ,000 )..
$1*775
School H ouse B ondsCounty ta x (per $1,000) ’ 98. .$8*70
48, A&O, $75,000............ 1900-1914 P opu lation in 1890 w a s ___41,571
($5,000 due yearly.)
P opu lation in ’ « « (est.) w as.44,000
O P T IO N A L .—A ll o f the cou n ty ’ s bon ds are subject to call.
IN T E R E S T on cou rt house bon ds is p ayable b y H am bleton & Co
Baltim ore; on insane asylum and sch ool bouse bon ds at Cumberland.
T A X F R EE .—A ll bonds are exem p t from cou n ty taxation.
48, A&O, $1 00,0 00......... 1915-1934
($5,000 due yearly.)

A N N A P O L IS ,
and Treasurer.

-C h a s . G. F e l d m eyer , Collector

This c ity is the cou n ty seat o f A nne A rundel County.
LOANS—
W h en D u e I N et debt Jan. 1 ,1 8 9 9

$49,000

G o v e r n o r (t e r m e x p ir e s 2 d W e d . J a n ., 1900) - L l o y d L o w n d e s
S e c r e t a r y o f S ta te (t e r m e x p ir e s w it h G o v ’ r)
T r e a s u r e r (t e r m e x p ir e s J a n ., 1900)

-

-

R i c h ’d D a lla m

T h o m a s J. S h r y o c k

C o m p t r o lle r (t e r m e x p . J a n ., 1900) - P h i l l i p s L . G o ld s b o r o u g h
L e g is la tu r e m e e ts b i e n n ia lly in e v e n y e a r s o n t h e fir s t W e d ­
n e s d a y in J a n u a r y , a n d se ss io n s a r e li m i t e d t o 90 d a y s .

B onded debt Jan. 1 ,1 8 9 9 ..$ 4 3 ,0 0 0 I P opulation in 1890 was
3 902
Sinking fu n d ........................
6,000 |Population in 1899 (est.)".'lo|ooo

A N N E
A R U N D E L
CO
Clerk.— County seat is Annapolis.

-A . K . S t a r tin g

W h en Due
lo ansF loatin g d eb t................... $30,000
County B onds—
70,000
H IS T O R Y O F D E B T .—The historical details o f M aryland’ s State 5s, J. & J., $ 2 0 ,0 0 0 ...Ju ly 1 ,1 9 0 2 T otal d e b t .......................
4,000
Sinking
fund a s s e ts ___
d ebt from 1824 to the present time will be fou n d in the St a t e and ($5,000 every 5 yrs.) to Ju ly 1,1917
Net debt Mar. 1. 1899.
66,000
C it y S u pplem en t o f A p ril, 1893, pages 72 and 73.
School H ouse B onds —
T ax valuation 1898___ 11,969,427
LOANS—
•— In terest — . ,------------ P r in c ip a l, ---------- , 5s, J& J, $ 1 2 ,0 0 0 ....... J u ly 1, 1899 S chool bonds, addition’l '
74^009
NAME AND PURPOSE.
R a te P a ya b le.
W h en D u e. O utstand'g.
($2,000 every 2 y r-.) to Ju ly 1,1909 A ssessm ent is % actual value.
Insane A sylum , 1896................ 3*« J & J
1911
$100,000 5SjJ &J,$37,000.’ 03-08-13-l 8-23-28 State tax (per $1,000) ’9 8 ... $1*75
Optional after Ju ly 1 ,1 9 0 6 .
($7,000 due each 5 yrs. and $2,000 County tax(p er $1,000)........$ 10*10
Penitentiary loan, 1 8 9 6 .......... 3 ^ J & J
19H
500,000
in 1928.)
A verage school t a x ’98....... $2-50
Optional after Ju ly 1 ,1 9 0 6 .
B onded debt Mar. 1,1 899 ..$40 ,000 Population 1890 w as.......... 34,094
Consolidat. loan o f 1899.......... 3
J & J Jan. 1, 1914 5,055,751
T A X F R E E .—A ll bon ds are exem p t from cou n ty and State tax.
(Subject to call after Jan. 1,1 909 .)
T O T A L D E B T , SIN KIN G FU N D S, E t c .—T he subjoined statem ent
shows M aryland’s total State debt, and the sinking fund held b y the B A L T I M O R E . — \
P* M A L8TE R , Mayor.
State against the same on the dates named.
( J. F R A N K SUPPLEE, City Register.
f ° r Baltim ore w as enacted b y the Legislature M arch
J a n 1 ,’ 99. Sept. 3 0 /9 8 . Sept. 30,’97. Sept. 30,’ 96.
« • * In the origin al d ra ft o f this charter it w as provided that
T otal funded debt .• ..$5,670,196 $9,284,986 $9,284,986 $9,284,986
no debt in excess o f 7 p er centum o f its (the city ’ s) taxable basis”
Sinking funds, &o------ 2,105,683
6,251,958
6,335,908 5,946,433
should be contracted, but this clause w as subsequently stricken out.
Net debt.................. $3,564,513 $3,033,028 $2,949,078 $3,338,553
L O A N S - ______
-— In terest .— ,
----------P rin c ip a l. ----------- .
NAME AND PURPOSE.
F or the balance o f $3,033,028 Sept. 3 0 ,1 8 9 8 , the State had as an
R a te. P a y able.
W hen D u e.
Outstand’g ,
offset her unproductive stooks, am ounting to $8,649,627, and $615,375 C ity H all, 1 8 70......................r ' 6
9
—J
Moh.
15, 1900 $1,000,000
due from accounting officers and incorporated institutions.
do
do, 1 8 74...................... r 6
Q—J
Moh. 7, 1902
500,000
3 lg J & J
The receipts o f the State fo r the year ending Sept. 30,1898, am ounted R efu n d in g............ ..................
Ju ly 1, 1 9 36x 1,4 53,3 00
to $3,095,314; balance in treasury Sept. 30, 1897, $707,138; total, F our m illion................ 1895!.' 31« M & S Moh. 1, 1 9 4 5 x 2 ,3 6 1 ,0 0 0
$3,802,452; disbursem ents, $3,236,101. The cash balance in the Consolidated refund., 1 8 9 0 .r 31« J & J *Ju ly 1, 19 30x5,0 00,0 00
trea su ry on Septem ber 30th, 1898, am ounted to $566,351.
Funding loan ...............1 8 7 0 .r 6
Q—J
tJuly 1, 1900
800,000
A SS E SS E D V A L U A T IO N , ETC.—The follow in g table shows the Funding loan o f ......... 1878 r 5
M & N tJuly 1, 1916x1,0 00,0 00
Conduit
loan o f .......... 1 8 9 9 .. 31«
to ta l funded debt, available assets, assessed valuation and ta x rate.
J & J
Jan. 1, 1922
250,000
H arford R un Im provem en t. r 4
Total
A v a ila b le
Total
T ax R a te
tJan. 1 , 1920 x 2 5 0 ,0 0 0
do
do Sewer............... r 4
Yea rs.
F u n d ed D ebt.
A ssets.
A ssessed V a l.
p e r $1,000.
Nov. 3, 1904 x 3 5 0 ,0 0 0
Internal Im provem ent.........r 31«
1 8 98......... $9,284,986
$6,251,958
$603,326,096
$1*771«
1, 19 28x4,8 50,0 00
Jon es’ F alls............................ r 6
1 8 97...........
9,284,986
6,335,908
607,965,272
1 -7 7 L»
9, 1900
800,000
do
do ......................... ! ' r 5
1 8 96......... 9,284,986
5,946,433
540,461,747
1-7710
9, 1900 x 9 5 7 ,0 0 0
do
do ...................... . . , r 3*65
1 8 95...........
8,684,986
5,679,733
534,930,476
1 -771 «
9, 1900 x 4 8 3 ,0 0 0
do
do ............................ r 3 ^
1 8 9 4 ......... 8,684,986
5,303,233
529,138,103
1*771«
9, 1900 x l 60,000
do
do .............................. 3
1 8 93......... 8,684,986
6,025,414
524,056,241
1*771«
, Q
, 9. 1900 xlOO.OOO
M cD onogh E xtension, 1893.. 5
1 8 92......... 8,684,986
5,602,699
515.137,528
1*771«
& S Sept. 1, 1916 x 2 8 0 ,0 0 0
Patterson
P
ark
............
r
4
1 8 9 0 ......... 10,691,124
6,278,907
482,184,824
1*771«
, Q —J
Oct.
1, 1920 x 2 0 0 ,0 0 0
P a v in g .......................... 1881 !r 4
1 8 84......... 10,965,934
3,992,851
469,593,225
1*871«
M & N tNov. 1, 1920 x 5 0 0 ,0 0 0
P ublic Im prov em en ts.1893. 31«
1880......... 11,277.110
3,649,442
459,187,408
1*871«
J
&
J
Jan.
1,
19 40x5,7 54,0 00
W ater...........................
r 5
M & N tJuly 1, 19 16x5,0 00,0 00
D E B T L IM IT A T IO N .—There is nothing in the C onstitution o f
do ..i ..........................|
M
&
N
tN
ov.
1,
1922 X 500.000
M aryland lim iting the pow er o f the Legislature to authorize bon d issues
do ...................................... r 4
M & N tNov. 1, 19 26x1.0 00,0 00
eith er b y the State or b y its m unicipalities. No general lim it fo r cities W estern M aryland.... 1872 r 6
J
&
J
Jan.
1,
1902 1,000,000
and tow ns has been fixed b y the Legislature, n or is there any general
do
do
1 8 8 2 .r 4
J &
Ju ly 1, 1925 x 6 8 4 ,0 0 0
authorization to be fou nd in the statutes under w hich cities and towns
do
do
1 8 8 7 .r 314
J
&
Jan.
1,
1927 1,704,000
can issue bonds. This pow er is lodged in the Legislature, and is dele­
B onds Guaranteed —
gated to the m unicipalities from tim e to tim e fo r specific purposes as
W
est.
Md.
R
R
.,
3d
M..............
6
J & J Jan. 1, 1900
the occasion m ay arise. I t is necessary, therefore, fo r the in vestor to
875,000
study the law in each case on this as w ell as on other points affecting Overdue stock, no interest allow ed
9,382
the loan w ith respect to w hich he m ay need inform ation.
t P ayable on or after this date at op tion o f city,
P O P U L A T IO N O F S T A T E x E xem pt from State o f M aryland taxes.
18 90.............. 1,042,390 1860...................687,049 I 18 30.................447,040
PAR V A L U E , Et c .
-B on ds are all registered and fo r $100 o r
1 8 8 0 ................. 934,943 1 8 50...................583,034 18 20.................407,350 m ultiples o f same.
1 8 7 0 ................. 780,894 1 8 4 0 ... .,.......... 470,019 I 1810.................380,546
F i o ^ ^ L 108,318’ consolidated loan o f 1890, W est
O f the total population in 1880 22*49 per cent w as colored and in m L^vi ftT,^ERT7
1890 20*92 per cent. In number, blacks w ere 165,091 in 1850 ; in * w i r « f V a ™ / 1887> J »tte r so n Park loan o f 1920, and on fundF
the A m erican National Bank o f
171,131 in 1860; 175,391 in 1870; 210,230 in 1880; and 218,004 in 1880. B alttm or«?f ™ 87i?i tL
^ T hq ^
£
ones
loan s> refunding, 1936, C lifton Park
S A V IN G S B A N K S IN V E S T M E N T S —There are in this State gen­ loan
E
rfth
»n
i«^
?o«vd^
D
D,
0
+?0Ugl1
E
x
ten
loan o f 1893, at the N ational
eral banking laws under which savings banks m ay be organized, and jfixenauge B an * or B altim ore; on p usion
blic im provem ent bonds o f 1893




STATE AND CITY SUPPLEMENT.
and rem aining W estern M aryland bon ds at the N ational Bank o f
B altim ore; on internal im provem ent loan, H a rford B un loans, paving
bon ds o f 1881 and the fu nding loan o f 1878, at the Farm ers’ & Mer­
chants’ N ational B ank o f B altim ore; o n w ater loans at the National
M echanics’ B ank o f Baltim ore.
T A X E X E M P T .—The issues m arked w ith an x above are exem pt
fro m State o f M aryland taxes. H olders residing in other States are
e x e m p t on all issues. N one o f the bonds are liable fo r city taxes.
T O T A L DEBT, SINKING FUND, Et c —The subjoined statement
«hows Baltimore’s total debt and tne sinking fund and other assets
held by the city against the same.
Dec. 31 ,189 8. Dec. 3 1 ,’ 97. Dec. 3 1 ,’96.
B onded debt (water debt incl.) $37,570,683 $36,170,576 $33,502,018
Sinking fu nd and other assets. 17,232,249
18,520,669
17,668,142
N et d ebt................................$20,338,434 $17,649,907 $15,833,876
T ota l w ater debt (included in n e t debt) 1898, $7,930,000. On Dec.
3 1 ,1 8 9 8 , besides the ab ove assets the city held u n productive assets to
the am ount o f $9,206,437, consisting o f stock and m ortgages, w ith a c­
cru e d interest thereon, o f the W estern M aryland RR. Co.: also stock
o f the V alley B B . Co. The value o f c ity p rop erty was $11,500,000.
IN TE RE ST C H A R G E .—Of to ta l debt as ab ove ($37,570,683) interest is p ayable from tax ation on on ly $24,375,800.
ASSESSED V A L U A T IO N , E t c .—City’s assessed valuation (about
80 per cent cash value), and tax rate have been as follow s:—
-A s se ss ed V a lu a tion . ------------------- - R a te o f Tax
Total.
p e r $1,000.
P erson a l.
T ea rs —
R eal.
$359,990,871
$21*575
$121,844,980
1 8 99..............$238,145,991
3 6 2 ,5 0 0 ,0 )0
24*27
130,000,000
1 8 98.............. 232,500,000
360,426,498
21*771a
126,554,055
1 8 97............. 233,872,443
331,773,128
17*50
80,975,572
1 8 9 5 ............. 250,797,556
274,000,000
20*25
65,000,000
1890 (about). 209,000,000
265,559,953
17*871a
64,784,338
1886............. 200,775,614
252,122,991
15*57ia
65,106,367
18 80............. 187.040,624
P O P U L A T IO N .—In 1890 popu lation 4 3 4 ,4 3 9 ; in 1880 it w as
33 2,31 3; in 1870 it w as 267,954. Population 1899 (local authority)
w as 540,000.

CECIL. C O U N T Y . — J o h n B a n k s , Asst. Treas.
County seat is Elkton.
LOANSW h en D u e.

School B onds—

5s, J&D, $ 1 0 ,0 0 0 ..........1901-1920
($500 yearly on June 1.)
T otal debt, Feb. 1 ,1 8 9 9 ... .$10,000

T ax valuation 1 8 9 8...$12,904,124
State & Co. ta x per $1,000 ’ 98.$9*73
County ta x per $1,000 ’ 9 8 .. .$9*00
P opulation in 1890 w as.......30,000
P opulation in 1898 w as.......35,000

C U M B E R L A N D . — f HOWARD^M.^FULLER^City Clerk.
Cumberland is the capital o f A llegheny County. B onds are ta x free.
LOANS—
,— In terest .— ,
,-------- P rin c ip a l, ------- ,

NAME AND PURPOSE.

P .O t . P a ya b le.

P ennsylvania R. R. bon ds. 6
P rin cipal to be paid
Consolidated debt b on d s... 6
do
do
. .. 5
E leotrio L ight b o n d s......... 4
W ater Im provem ent bonds 5
do
do
5g.
W ater extension b on d s___ 5
Funding bon ds..................... 5
do
..................... 4
W ater bon ds.......................... 4

W h en D u e.

Outsiand’g.

F & A
A ug., 1908
$65,000
b y Pennsylvania R ailroad Company.
A & O
Oct., 1908
30,000
A & O
Oct., 1908
145,000
M & N M ay 1 ,1 9 2 8
20,000
A & O
Oct., 1910
18,000
F & A
Aug. 1 ,1 9 2 3
70,0J)0
A & O
Apr. 1 ,1 9 1 0 .
50,000
A & O
A pr. 1 ,1 9 1 0
40,000
J & D
1925
100,000
M & n {
}
30,000

do
......................... 4
M & ^ n i f o o ^ t 'a r i y 9 j
30’000
INTEREST is payable at Cumberland.
T O T A L DE BT, E T C .— The total bonded debt on June 1, 1898,
was $533,000; deduct sinking fund assets, $44,575; net bonded debt,
$4 88,4 25; the floating debt on the same date w as $8,000.
DEBT LIMITATION. This city cannot issue indebtedness over
$10,000 w ithout act o f Legislature and v ote o f people.
ASSESSED V A L U A T IO N —In 1898 the total assessed valuation
w as 7,534,000; in 1897 it w as $7 ,377 ,000 ; in 1895 it w as $7,080,572;
in 1893, $7 ,121,422; and in 1890, $6,461,823. Property is assessed
at about 85 per cent o f its actual value, and the total ta x rate (per
$1,000) in 1897 was $19*87.
P O P U L A T IO N .—The p opulation in 1890, according to United
States Census, w as 12,729; in 1880 w as 1 0 ,693 ; in 1870 w as 8,056.
In 1898 lo ca l estimates p lace the population at about 18,000.
T T D T J 'n F D i r 'I T '
J W. F. CH ILTON , M ayor.
J - t l l . l J X L . l - i l O P V . — ¿E . A. G ITTIN GER, C ity Register.
The county seat o f F rederick County.
R efunding B onds— W hen D ue. Sinking fu n d s................... $36,284
4s, J&J, $512,500....... Ju ly 1 ,1 9 1 8 N et debt Jaa. 1 ,1 8 9 9 ___ 511,216
Subject to call after Ju ly 1 ,1 9 0 3 T a x valuation 1 8 98......... 3,684,261
R eservoir B onds—
Assessment about *5 actual value.
4s, J&J, $3 5,00 0.........July 1 ,1 9 2 4 City ta x (per $1,000) '9 9 ___$10*00
Subject to call after Ju ly 1 .1 9 0 4 Total ta x (per $1,000) ’98..20*175
Interest payable in Frederick.
Population in 1890 w a s......... 8,193
B onded debt Jan. 1, ’ 99 . .$547,500 P opulation in 1899 (est.)....... 9,000
r

T T O n C T P lT D r 1
5 C. F.I N IC K LE, M ayor.
" J T l W O 1 J 3 U X \ V X r — < ROB E R T P. MASON, Clerk.
This city is in A llegan y County.
LOANS—
W hen D u e.
Bonded debt Jan. 1 ,1 8 9 9 $55,000
R efunding Water Bonds—
T ax valuation 18 99......... 2,000,378
4s, J&J, $ 5 5 ,0 0 0 .......................1929 T ax rate (per M.) 1899 ...$15*575
(Subject to call after 1904.)
Assessment about 23 actual value.
Interest payable in Frostburg.
Population in 1890 w a s.........3,565
P opulation in 1899 w a s.........7,000
M. SCHINDEL, Mayor,
H A G E R S T O W N .— <dE.
Lieut. M. R. H A W K E N , T a x

Col
This is the coun ty seat o f Washiu ton County.
LOANS—
W h en D u e.
4s............ $5 ,500.............................

Street B onds-

48, J&J, $7 0,00 0.......... P art yearly
E xem pt from city and coun ty tax.

r

interest payable in H agerstow i
Bonded debt A p r .l,1899
$ 8 8 ,00
T ax valuation 1 8 9 7 ___ 6,752,00
A ssessm ent about 23 actual valui
T otal ta x (per $1,000) 1897.$14*4
P opulation in 1890 w a s ___ 10,11
Population
1894 (es’ m ated).15,00
L A U R E L . — E d w a r d P helps
, Mayor.
This city is in P rin ce George County.
LOANS
W /ien Due. Net debt Feb. 1 5 ,1 8 9 9 .. $31,000
Sidew alk & St . I mp . B onds—
T ax valuation 1898.........1,025,000
5s, A& O, $1 5,00 0........... 1904-1914 Assessment is ^ actual value.
5s, J&J,
13 ,000..................... 1915 Total ta x (per $1,000)......... 14*2 if>
Int. payable in Laurel & N ew York. Population in 1890 w a s ........1,984
T otal debt Feb. 15, 18 99..$ 38,0 00 P opulation in 1895 (est.)...... 3,000
Sinking fu n d ........................ 7,000
B onds due in 1898 are exem p t from taxation.

P aving B onds—

l e , .......... $3 ,2 0 0 .......1901 to 1916
5 ....... . 4 ,4 0 0 .........190 L to 1911
($400 annually.)




Vol. LXVIII

M O N T G O M E R Y CO.—W. W.

W elsh ,

Clerk.

County seat is Rockville.
LOANS—
W h en D u e .
Co u rt H ouse B onds —
4s, A&O, $ 3 4 ,0 0 0 ... .1899 to 1915
($2,000 due yearly on Oct. 1.)
T urnpike B onds—
4s, J&J, $ 2 5 ,0 0 0 .........Jan. 1 ,1 9 0 0
($500 yearly) to Jan. 1 ,1 9 4 9

Total debt Jan. 1 ,1 8 9 9 .
$59,000
T ax valuation, real.........10,109,300
T a x valuation, person’l$2 ,334,495
T otal valuation 18 98...12,443,795
Assessm ent about % actual value.
State & Co ta x (per M) ’98..$10*60
P opulation in 1890 w as....... 27,185
P opulation in 1899 (est.) ...2 8 ,0 0 0
T A X FREE—The above issue o f bonds is ex em p t from taxation.
INTEREST ia payable at the Montgomery Co. Nat. Bank, Rockville.

P R IN C E G E O R G E ’S C O U N T Y .
C ounty seat is U pper M arlborough.
LOANS—
W h en D u e . T otal debt Feb. 1 ,1 8 9 7 .. $100,000
County B ondsT ax valuation, rea l......... 9,919,136
58, Ju ly 1, $ 5 ,0 0 0 ....Ju ly 1, 1903 T ax valuation, personal. 967,323
5s, Ju ly 1, 1 0 ,0 0 0 ....Ju ly 1, 1908 Total valuation 1897...10,886,459
T otal v aluation 1 8 9 8 ... 10,983,704
Court H ouse B onds—
5s, J&J, $8 0,00 0....... Ju ly 1, 1922
A ssessm ent is 23 actual value.
County ta x (per $1,000) ’99..$9*40
School B onds....... 1903-1923 Population 1890 w a s............ 26,080
58......... . $8,000
($1,600 every 5 years.)
INTEREST is p ayable at the National B ank o f B altim ore.
T A X FREE—A ll o f the bon ds issued b y this cou n ty are ta x ex em p t.

SOM ERSET CO. —

Princess A nne is the cou n ty seat.
5s, semi-an., $ 1 5,00 0.........................
B onded debt J u ly 20.’ 9 8 . $40,000
4*38. A&O, $2 5,000................. 1918 A ssess’ d valuation 1898.4 ,305 ,654
($1,000 in 1908 and $1,50 >
Assessment about % actual value.
yearly) t o ............ „ ................. 1924 P opulation in 1890 w as.......24,155
LOANS—

Coupon B onds—

W h en D u e.

T A L B O T C O U N T Y .—C h a r le s E. St e w a r t ,
Clerk.— County seat is Easton. A ll bonds are ta x exem pt.
LOANS—

W h en D u e.

Court H ouse B onds-

48, A&O, 10,000.......... Oct. 1 ,1 8 9 9
($1,000 due y ’rly) to Oct. 1 ,1 9 0 8

R ailroad B onds—

5s, A&O, $ 3 3 ,0 0 0 .....A pr. 1 ,1 9 1 2
Subject to call after A p ril 1,1902
School B onds ($500)—
4s&5s, A&O, $ 5 ,0 0 0 ...Oct. 1 ,1 8 9 9
($1,000 due yearly) to Oct. 1 ,1 9 0 3
4iflS, F&A, $ 1 3 ,0 0 0 ...Aug. 1 ,1 9 2 4
Subject to call after Aug. 1 ,1 9 1 4

Total debt Feb. 1 ,1 8 9 9 .. $61,000
9,788
Sinking fu n d .....................
Net debt Feb. 1 ,1 8 9 9 ....
51,212
T ax valuation, rea l.........6,901,189
T ax valuation, personal. 1,815,854
Total valuation 1 8 9 8 ___ 8,717,043
State & Co. ta x (per M) ’ ¿ S ^ l l ' e ? ^
P opulation in 1890 w a s___19,736
P opulation in 1880 w a s___ 19,065

W A S H IN G T O N CO.—M. F. S m ith , Clerk.
Hagerstownjs the county seat.
LOANS—
W h en D u e.

A ssets—R R .& T u m p . Stk.$607,640
R efunding R ailroad Bonds— Assessed v a l’ ation ’98.$20,860,393
4s, J&J, $187,500....... Ju ly 1 ,1 9 1 8 Assessm ent about 23 actual value.
4^38, court-house bonds.. .$66,000 State & C o.tax (per M.) 1898.$8*75
4s, school-house b o n d s .. 16,000 P opu lation in 1890 w as ...3 9 ,7 8 2
4s, insane asylum bonds. 15,000 P opu lation in 1899 (e st.)...41 ,000
Bonded debt Jan. 1,1899.$284,500
T A X E X E M P T .—R efu nding bonds are exem pt from co u n ty and
m unicipal taxes.

District of Columbia.
(INCLUD’ G THE LATE CORPORATION OF WASHINGTON.)
On Ju ly 1 ,1 8 7 8 , the duties o f the Sinking Fund Com m issioners o f th e
D istrict o f Columbia w ere transferred to the Treasurer o f the U nited
States, and since that date Congress has appropriated annually a sum
®uffloient to p ay n ot on ly the interest on the D istrict’ s bon ds but a lso ,
itis believed, sutfleientto extinguish the entire debt o f the D istrictu p on
the m aturity o f the 3*65 per cent loan, in 1924. Bonds are ta x ex em p t.
-------- P r in c ip a l. ---------- ,
LOANS—
— In terest .— -

NAME AND PURPOSE.
P.
D istrict of Columbia —

Ot. P a ya b le.

*Fifty-yr. funding 1874 0 <fc r 3*65 F & A
Tw enty-y’r fu n d ...1879 c & r
5
J & J
Water stock ................ 1 8 7 1 c 7
J & J
do
................. 1873 c 7
J & J

Late Corporation

of

Washington—

W hen D u e .

Aug.
Ju ly
Oct.
J u ly

O u tsla n d 'g.

1, 1924 $14,224,100
1, 1899
750,300
1, 1901
32 9,000
1, 1903
14,000

Thirty-year fu n d in g ..1872 c 6g M & N N ov. 1, 1902
5 7 1 ,1 0 0
Overdue bond, n ot pre­
s e n t e d .................................. 7*3 int. ceased .......................
lOO
*The faith o f the United States w as pledged to secure the p aym en t o f
the interest on these bonds and to m aintain a sinking fu nd sufficient t o
redeem them all b y m aturity. The issue is lim ited to $15,000,000 an d
is exem pt from taxation b y Federal, State or m unicipal authority. T he
coupon bonds are fo r $50 and $500 each, the registered bonds $1 ,0 0 0
and $5,000 each.
INTEREST on the bonds
paid at the United States Treasury in
W ashington and at the Sub-Treasury in N ew York.
TOTAL D E B T .—The subjoined statem ent shows the D istrict’ s t o ­
tal debt on the dates nam ed:
J a n . 1 ,1 8 9 9 . Ja n . 1 ,1 8 9 7 . J a n . 1, 1896. J a n . 1,1895.
T ota lfu n d. debt.$15,888,500 $16,933,000 $17,532,600 $17,78 1,70 0
On Ju ly 1 ,1 8 7 8 , when the duties o f the Sinking F und Com m issioners
o f the D istrict were transferred to the Treasurer o f the U nited States
the total debt was $22,106,650.
On Jan 1, 1899, stock and bonds to the am ount o f $5 ,320 on
w hich interest has ceased w ere still outstanding; funds fo r the p a y ­
m ent o f principal and interest are deposited in the U nited States
Treasury.
ASSESSED VALUATION.—The D istrict’ s assessed v alu a tion and
tax rate at different periods have been as fo llo w s :
Y ea r.

R ea l E state.

1 8 9 8 ....................$181,256,284
1 8 9 7 ................... 180.376,908
1 8 9 6 ................... 188,922,343
1895..................... 192,555,046
1 8 9 0 ................... 137,626,419
1 8 8 5 ................... 93.502.464

P er so n a l
P ro p erty .

$9,780,658
9,532,851
10,971,737
11,719,308
11,023,167
12.795,934

Total A s s ’d . R a te o f T ax
V a lu a tion , p e r $1,000.

$191,036,942
189,909,759
199,894,080
204,274,354
148,649,586
106.298.398

$15*00
15 00
15*00
15*00
15*00
15*00

77

Debts and Resources
O F

T H E

XTsT

T H E

WESTERN MIDDLE STATES.
I N D E X F O R T H E W E S T E R N M I D D L E S T A T E S , C I T I E S , E tc .

O H IO —State, Cities, & c ............................ Pages 77 to 89 | ILLINOIS—State, Cities, & c ................... ............ Pages 94 to 101
INDIANA.—State, Cities, & c.............. ............Pages 89 to 94 | MICHIGAN—State, Cities, & c....................... Pages 101 to 105
adoption o f the Constitution o f 1851 the w hole situation in these p a r ­
ticulars has changed, the legislative pow er w ith respect to the State
having been lim ited. The same is in large measure true also o f the
m unicipalities.
F I R S T , A s to the State’ s p o w er to con tract debt, this is regulated under
the first five sections o f article 8 o f the Constitution. Section 1 lim its the
pow er to the supply o f “ casual defloits in revenues or to m eet expenses
not otherwise provided fo r,” but in the aggregate debts fo r even the
purposes named cannot exceed $750,000. Section 2 contains an excep­
tion to the fore g o in g ; it grants the pow er to contract debt in case o f in ­
vasion, o f insurrection, o f w ar or o f the redem ption o f the then existing
indebtedness. Section 3 reaffirms the lim it, except as above specified.
Section 4 forbids the loan ing o f the State credit. Section 5 further forbids
the assum ption o f debts b y States. W e insert these five sections in fu ll.

State of Ohio.
ITS

D E B T , R E SO U R C E S, E tc .

Admitted as a State (Act April 30, 1802)
Feb. 19, 1803
Total area of State (square miles)
.
.
.
.
41,060
State Capital - - - - Columbus
Governor (term exp. 2d Mon. Jan. 1900) - Asa S. Bushnell.
Secretary of State (term ends 2d Mon. Jan. ’01) Charles Kinney.
Auditor (term exp. 2d Mon. Jan. 1900)
W . D. Guilbert.
Treasurer (term exp. 2d Mon. Jan. 1900)
- S. B. Campbell.
Section 1. [D ebt lim ited to seven h u n d red a n d f i f t y th ou sa n d d olla rs 1.
Legislature meets biennially in even years, on the first The State m ay contract debts to supply casual deficits or failures in
revenues or to m eet expenses not otherwise provided for; but the
Monday in January. There is no limit to length of sessions.
aggregate am ount o f such debts direct and contingent whether
HISTORY OF DEBT.—Tlie historical details o f Ohio’ s State debt
from 1825 to 1894 w ill be found in the State and City S upplement
o f A pril, 1894, page 75.
as fo llo w s :

LO AN SNAME AND PURPOSE.

The State debt on N ovem ber 1 5 ,1 8 9 8 , was
>— Interest ,— ,
P .O t. P a ya b le.

,— ;--------P rin c ip a l. ------------- ,
W h en D u e.

O utstand’g.

Sinking fund l o a n ... 1887 3
J & J
Ju ly 1, 1899
$240,000
do
do
...1 8 8 7 3
J & J Ju ly 1, 1900
300,000
do
do
...1 8 9 6 3
J & J Ju ly 1, 1901
250,000
do
do
...1 8 9 7 3
J & J Ju ly 1 ,'1 9 0 2
250,000
W ar loa n ...................... 1898 3
J & J
J u ly 1, 1903
200,000
D om estic lo a n ........................ Interest ceased.
1,665
TOTAL DEBT, E t c .—The total bonded debt on N ov. 15, 1898)
w as $1,241,665; in 1897 it w as $1,291,665; in 1896 it w as $1,541,665;
in 1895 it w as $1,791,665; in 1894, $2,041,665; in 1893, $1,791,665';
in 1892, $2,041,665; in 1891, $2,291,665; in 1889, $2,796,665; in 1887,
$3,340,000; in 1885, $3,720,229; in 1880, $6,476,805.
COMPARATIVE STATEMENT OF THE STATE AND LOCAL DEBTS IN 1898
AND 1897.
1898.
1897.
Funded State debt (loans).......... ............ $1,241,665
$1,291,665
Irreducible State debt (trust fu n d s)
4,679,228
4,670,590
L o c a l D ebts —

Debts
Debts
Debts
Debts
D ebts

of
of
of
of
of

c o u n tie s ..........................................$11,002,159
cities, first and second c la s s ... 69,053,693
incorporated v illa g e s ................ 8,540,268
tow nsh ips........................................
838,286
special school d istricts.............. 7,568,180

T otal local d ebts.................................. $97,002,588

$11,333,836
67,472 577
8,297 419
593,265
7 030159
$94,727,256

ASSESSED VALUATION.—The assessed valuation o f real and p e r ­

sonal prop erty in the State has been as fo llo w s :
Y ea rs.

R ea l Estate.

P erso n a l P ro p erty

Total.

1 8 9 8 ..........................$1,244,817,473
$515,439,970
$1,760,257,443
1 8 9 7 ........................ 1,236,911,871
511,096,768
1,748,008,639
1 8 9 6 ........................ 1,226.988,666
514,039,771
1,741,028,437
1 8 95........................ 1,214,928,085
527,589,429
1,742,517,514
1 8 9 4 ........................ 1,200,364,474
542,297,641
1,742,662,115
1 8 9 0 ........................ 1,232,305,312
545,833,165
1,778,138,477
1 8 8 5 ........................ 1,160,165,882
509,913,986
1,670,079,868
1 8 80........................ 1,102,049,931
456,166,134
1,558,215,965
1 8 7 5 ........................ 1,062,915,044
535,660,818
1,598,575,862
1870.
707,846,636
459,684,861
1,167,731,697
1860.
639,894,311
248,408,290
888,302,601
1850.
341,389,838
98,487,502
439,876,340
1840.
85,287,291
27,038,895
112,326,156
1830.
50,086,250
14,589,335
64,675.578
The State ta x (per $1,000) fo r 1898 was $2-84 and the same fo r 1899.
DEBT LIMITATION.—Ohio has v e r y carefully guarded the d ebt'
m aking p ow er o f the State. This could not be said while the Constitu­
tio n o f 1802 was in fo rce ; fo r under that instrum ent it was com petent
fo r the Legislature to construct works o f internal im provem ent on
beh alf o f the State, or to aid in their construction b y subscribing to the
capital stock o f corporations created fo r that purpose, or to authorize
in other ways the creation o f debt in unlim ited amounts. B ut since the




contracted by virtue o f one or m ore acts o f the General Assem bly, or at
different periods o f time, shall never exceed seven hundred and fifty
thousand dollars; and the m oney arising from the creation o f such
debts shall be applied to the purpose fo r w hich it was obtained or to
re-pay the debts so contracted and to no other purpose whatever.
Section 2. [A d d itio n a l a n d f o r w hat p u r p o s e .] In addition to the
above limited pow er the State m ay contract debts to repel invasion,
suppress insurrection, defend the State in war, or to redeem the present
outstanding indebtedness o f the State; but the m oney arising from the
contracting o f such debts shall be applied to the purpose fo r w hich it
was raised, pr to re-pay such debts, and [to no other purpose whatever;
and all debts incurred to redeem the present outstanding indebt­
edness o f the State shall be so contracted as to be payable b y the
sinking fund hereinafter provided fo r as the sam e shall accum ulate
Section 3. [The State to create n o other debt.] E x cep tth e debts above
specified in Sections 1 and 2 o f this article, no debt whatever shall here­
after be created b y or on behalf o f the State.

Section 4. [C red it o f State; the State shall n o t becom e jo i n t o w n er o r
stockholder.] The oredit o f the State shall not in any m anner be given
or loaned to or in aid o f any individual association or corporation what­
ever: n or shall the State ever hereafter becom e a join t ow ner or stock­
holder in any com pany or association in this State or elsewhere form ed
for any purpose whatever.
Section 5. [No a ssu m p tio n o f debts b y the State.] The State shall
never assume the debts o f any county, city, tow n or township, or o f
an y corporation whatever, unless such debt shall have been created to
repel invasion, suppress insurrection or defend the State in war.
The foregoing sections com plete the lim itation as to State debt and
oredit. Sections 7, 8, 9 ,1 0 and 11 o f A rticle 8 cover the matter o f sink­
in g funds referred to in Section 2 above. B ut they need not be published
here.
S E C O N D , A s to Cities, T ow ns, C ou n ties, <&c., so far as the C onstitution
affects the p ow er o f the Legislature to authorize these m unicipali­
ties to create debt, the lim itations are found in section 6 o f article
8 and in sections 1, 2 and 6 o f article 13. (1) Section 6 o f
article 8 forbids the General A ssem bly to authorize cities,
&c., to becom e stockholders in or to raise m oney or loan
oredit to aid corporations, &c. (2) Sections 1 and 2 o f article 13 forb id
the passing o f special acts and require general acts fo r conferring cor*
porate powers. (3) Section 6 o f article 13 provides that the G eneral
Assem bly m ake provision fo r the organization o f cities, &c., b y general
law s and restrict their debt-making power. These sections are as follow s:
A rticle 8, Section 6. [C ou n ties, cities, tow n s o r tow n sh ips n o t a u th oriscd to becom e stoclcholdevs , <£c.] TI10 General A ssem bly sball never
authorize any county, city, tow n or tow nship, b y v ote o f 'its citizens or
otherwise, to becom e a stockholderin any jo in t stock com pany, corp ora­
tion or association w h atev er; or to raise m oney for, or loan its credit
to, or in aid of, any such com pany, corporation or association.
A rticle 13, Section 1. [C o rp o ra tep o w ers ]. The General Assem bly
shall pass no special act conferring corporate powers.
Section 2. [ C orp ora tion s how f o r m e d ]. Corporations m ay be form ed
under general la w s ; but all such laws m ay from tim e to tim e be altered
or repealed.
Section 6. [O rga n iza tion o f cities, <tc.J The General A ssem bly shall
p rovide fo r the organization o f cities ana incorporated villages b y gene­
ral law s and restrict their pow er o f taxation, assessment, borrow ing
m oney, contracting debts and loaning their credit, so as to prevent the
abuse o f such pow er.

Vol. LXVIII

7H
One at first sight w ou ld infer from section 6 article 8 ab ove cited that
cities could n ot subscribe to the stock o f or loan m oney to railroads, as
railroads are corporations and joint-stock companies. That, how ever,
is n ot a correct conclusion, as w as decided in the case o f W alker vs. The
C ity o f Cincinnati, a case w hich arose under an act o f the General
A ssem bly o f Ohio entitled “ A n A ct relating to cities o f the first class,’ »
authorizing any such city to construct a line o f railroad therefrom to
an y other term inus in that State or in any other State. In
pursuance o f the authority that act purports to give, Cincinnati
undertook to build the Cincinnati Southern R ailroad. To test the legal­
it y o f that proceeding this action was brought. The Court’ s op inion is
v ery fu ll and explicit, the conclusion being that from “ the language
“ o f the section it is quite evident that it w a s n o t in ten d ed to p r o h ib it
*• the con stru ction o f r a ilro a d s n o r in d eed to p r o h ib it a n y species o f
u p u b lic im p rovem en ts. The section contains no direct reference to

“ railroads nor to any other special classes o f im provem ents or enter“ prises. The inhibitions are directed on ly against a particular m anner
4i or means b y w hich under the Constitution o f 1802 m any p u blic im“ provem ents had been accom plished.”
In com pliance w ith section 6, article 13 (cited above), w hich provides
fo r the organization o f cities etc. b y general law, the Legislature has
m ade an elaborate classification o f m unicipal corporations. F irst they
are divided into cities, villages and hamlets. Then cities are divided
nto tw o classes, the first class being subdivided iuto three grades and
the second class being subdivided into fou r grades, the grade being
determ ined b y population according to the last Federal Census.
Cities in the F irst Class—First grade includes all cities o f m ore than
200.000 inhabitants; second grade all less than 200,000 and m ore than
90.000 inhabitants; third grade all less than 90,000 and m ore than 31,.
500 inhabitants.
Cities in the Second Class—First grade includes all cities o f less than
31,500 and m ore than 30,500 inh abitants; second grade all less than
30^500 and m ore than 20,000 inhabitants; third grade all less than
20.000 and m ore than 10,000 inhabitants; fourth grade all less than
10.000 and m ore than 5,000 inhabitants.
V illages—Of the first class include all havin g less than 5,000 and
m ore than 3,000 inhabitants; the second class includes all having less
than 3,000 and m ore than 200 inhabitants.
H amlets—A ccording to section 1550 o f the R evised Statutes all ex ­
isting corporations organized as “ incorporated villages fo r special
44 purposes shall be hamlets until advanced to villages.
I t is im possible to m ake any satisfactory generalization w ith regard
to the bonding pow er the Legislature has granted these m unicipalities.
There are a few sections o f the R evised Statutes authorizing bond
issues w h ich have a universal application, such as the provision
granting pow er to issue bonds in anticipation o f special assessments
bu t m ost o f the law s fo r that purpose oover only one class o f oities, and
m any o f them are so worded as to apply only to one city, and granting
an issue o f bonds fo r a specific purpose. No general law s lim iting the
pow ers o f m unicipalities to incur indebtedness have been passed, al­
though section 6, article 13, appears to require it. A n d y et is it n ot a
question whether that section calls fo r any legislation o f a general
nature ex ce p t a general law “ fo r the org a n iza tion o f cities, &c.” 1
P O P U L A T IO N O F S T A T E —The p opulation o f Ohio has been as
follo w s in the years named.
2,339,511 1830..............9 37,9 03
1 8 90............... 3,672,316 1860.
.1,980,329 1820...............581,295
1 8 80............... 3,198,062 1850
.1,519,467 1810...............230,760
1 8 70............... 2,665,260 1840

N ote .—F o v p la ces n o t g iv en in alphabetical o rd e r a m o n g the fo ll o w ­
i n g statem en ts , see “ A d d itio n a l Statem ents99 at en d o f this State •

A D A M S C O U N T Y .—J. M. W it t e n m y e r , Aud.

4 8 ,........$5 0,00 0......................... 1917

J ail B onds-

R edemption B onds—

4 s ......... $15,000................ 1902-1904

D ue.

4s, semi-an., $2,000. — 1899-1900

R efunding B onds-

.

4 9 9 $ $ 11,748,080

R ea l
E state.

W hen D u e.

LOANS—

6s........... $ 2 ,4 0 0 ..................................

I nfirmary

bonds —

6s, J&J, $3 4,00 0............ 1899-1907
($2,000 eaoh Jan. 1 and Ju ly 1.'

B onded debt Sept. 15, ’ 9 8 ..$ 3 4 ,0 0 0
Assessed valuation ’ 9 8 .11,4 39,3 20
Assessm ent about *2 actual value.
P opu lation 1890................... 22,223

( C L A R ’NOE E. R IC H A R D SO N ,M ayor.
) F R A N K W. W A G N E R , Clerk.
The c ity and school district o f Ashtabula are in Ashtabula County.
LOANS—
W h en D u e. V aluation (City) 18 98..$ 3,46 1.43 0'
Valuation (S c h .D is t.).... 678,970
R efunding E lectric B onds58, A&O, $10,000.......A pr. 1 ,1 9 1 1 T ax rate (C ity)...................... $11*20
($1,000 ev ery A&O) to Oct. 1,1 915 T ax rate (School D ist.).......... 31*40
Net City debt Sept. 1, ’ 98 $233,785 P opulation (City) 1890 w a s ..8,338
S chool debt, (add’l.).........
20,000 Population (City) ’ 99 (est.)..1 5 ,0 0 0

ASH TABULA.

* r p T T 'c i \ T C
5
DAVI S, M ayor.
A I r l l l J N b . — } w . B. GOLDEN, Clerk.
This village is the cou n ty seat o f A thens County.
LOANS—
W h en D u e. B onded d ebt Sept. 1, ’ 98. $114,500
T ota l v aluation 1898 — 1,036,535
R efunding B onds68......... $1 0,00 0.........Sept. 1 ,1 9 0 3 Assessm ent about % actual value.
6s, . . . . , 8 0 ,0 0 0 ...1 9 1 3 ’ 18-2’3-’ 25 T a x rate (per $1,000) 1898.$35*20'
Population in 1890 w a s ....... 2 ,6 2 0
($20,000 on May 1 each year )
.. .Jan. 1 ,1 9 2 6 P opu lation in 1898 (est.) — 3 ,0 0 0
5 s , ___ ,$ 2 0 ,0 0 0

I mprovement B onds—

5s........ . $4 ,5 0 0 ...........................1907

A T H E N S CO.—W ilb u r F. S cott, Auditor.
County seat is Athens.

LOANS—
County B onds—

W h en D ue.

5s, M&S, *1 0 0 ,0 0 0 ........ 1899-1908
($10,000 yearly on S e p t 1.)

R oad Improvement B onds—

5s, M&S, $200,000.1929 and 1939

D eficiency Bonds—

6 s ,. . . . . . $ 7 ,5 0 0 .........Sept. 1 ,1 9 0 3

C ity H all I mprov B onds.
5s........... $5 ,000....................................
B onded d ebt Sept. 1 ,'9 8 . $313, 0 0
T otal valuation 1898 — 8,2 43,1 85
Assessm ent abt. 3-5 actual value.
T otal ta x rate(p. $ 1 ,0 0 0 ’ 9 6 )$ l2 *30
P opulation in 1890 w a s — 35,194
P opu lation in 1896 (e s t .)...37 ,000

G. A. O R P H A L , Auditor.
— 1 D. A. C L A R K , Treasurer.
County seat is W apakoneta.
D u e . B onded debt Sept. 1, ’ 9 8 .. $2 00 ,0 0 0
LO AN Sw h en
Spec’l ass’ t bon ds (add’l). 46 ,9 0 0
B ridge B onds—
3s, . . . . , $6,000.............. 1899- 1901 County has no floating debt.
1899
T
a x valuation 1 8 9 8 ...$ 1 0 ,4 8 0 ,0 1 8
Sb,J & J , 18,000.......... Ju ly 1,
($1,000-due y ’rly) to Ju ly 1, 1916 Assessm ’t 40 to 60 p. c. actual value
T
a x rate (per $1,000) ’ 9 7 ...$ 1 1 00
Court H ouse B onds—
5s........,$ 6 5 ,0 0 0 ............... 1898-•1905 P opulation in 1890 w as.......28,100
5s..........110,000................ 1897 •1909 P opulation in 1880 w as....... 25,444

A U G L A IZ E CO

A V O N D A L E .—See the city of Cincinnati.

A m t. O utstand’g.

F ire departm ent bon ds 6s. .$3,000
Street opening bonds 6 s — 2,000
Street paving b on d s............ 10,308
Street I mp . B onds, 1897—
6s............., $ 1 3 ,7 2 8 ... 1898 to 1912
4Ljs......... . 18 ,000............................
5s, M&N,
2 ,5 5 7 ........ 1899-1913

B E L L E F O N T A IN E .—M. J. H ichols , Clerk.

P erson a l
P ro p erty.

$4,804,580

Total A ssessed R ate o f Tax
V a lu a tion ,
p e r $1,000

$16,552,660
16,816,450
16.580.000
17,007,900
11.617.000
10,889,050

$24*20
24*20
23*20
22*00
25*40
12*00

Findley, Clerk
I I I !

m

Bonded debt Mar. 3, ’ 99 . $49,603
1,500
F loatin g d eb t...................
51,103
T otal debt Mar. 3 ,1 8 9 9 .
,105,760
T ax valuation 1 8 9 8 .........1,
T ax rate (per $1,000) ’ 98. . $26 00
P opulation in Ì8 9 0 w a s ... ...3 ,2 0 7
Population in 1897 (est,). ...3 ,8 0 0

Street I mprovement B onds—

R efunding B onds— W h en D u e. I T otal debt Aug. 1 7 ,1 8 9 8 $85,000
5s M&N $ 1 (1 0 0 0 . . . N ov. 18 ,190 2 |8 c h o o lta x (per $1,000) ’ 98..$8*00
3s) J&J, ’ 1 0 ,0 0 0 ...Ju ly 2 9 ,1 9 0 3 |




C ounty seat is Ashland.

LOANS—
W hen D u e.
Sew er and P aving Bonds -

.........$ 4 5 ,8 5 0 ................. 18w 9-1904

I g o « ............ 11,475,550
5,104,450
1895 " " . . . 1 1 1 7 6 ,5 4 0
5,831,360
1 8 9 0 .......
.
7,103,520
4,513,480
1 8 8 9 ............ .
6 886,790
4,002,260
A k r o n S chool D istrict .— Samuel

Board of Education.

Water W orks B onds-

48, F & A , $81,000 Feb. 2 0 ,1 9 2 0 ’29*
($8,000 due yearly.)
T otal debt Mar. 15, ’ 9 9 .. $2 87,5 10
T ax valuation 1898.........3,020,680
T otal ta x (per $1,000) ’ 9 8 .. $26*80
Population in 1890 w a s ..
7,60T
P opu lation 1896 (est.).........9 ,0 0 0

A S H L A N D C O U N T Y .—C. W. M c C ool, Aud’r.

a

58, semi-an., $ 5 5 ,3 0 0 .. ---• ■•-•--• 5s, semi an., $194,300 .1899-1906
4 1 ,600 ..189 9-1 904
5s, semi-an., 2 0 ,0 0 0 ...1 899 -190 8 58, semi-an.,
B onded debt Mar. 20, ’ 99.$411,100
($2,000 due yearly on June 16.)
Population
in
1890
w a s .. 27,601
5s, semi-an., $2 0,00 0.Sept. 7 ,1 9 0 5
Population in 1898 (est.). 40,000
Sew er B onds58, semi-an., $ 3 2 ,0 5 0 .. .1899-1901
INTEREST is payable at the office o f the City Treasurer in Akron
an d at the National Park B ank in New York.
A SSE SSE D V A L U A T IO N -—The city ’ s assessed valuation (w hich is
50 per cent o f actual value) and ta x rate have been as follow s :
T ea rs.

R efunding B onds—

6s, semi-an., $8 .000..................1900
5s, M&N, $8 ,500....... N ov. 2 5 ,190 2
4s............ 9 ,0 0 0 .................................

Sewer B onds—

6s, semi-an., $600. ...1 8 9 9 to 19 00
5s, J& D, $ 8 ,0 0 0 ........ June 1.1899*
($2,000 in 1899) $3,000 yearly to
June 1 ,1 9 0 1 .

I ISA A C FR E E ZE , M ayor.
j F. A. J a CKSON, C ity Clerk.
This city is in B elm ont County.
5s, A&O, $50,000......... Oct. 1 ,1 9 0 0
LOANS—
W h en D u e.
5s, A&O, 50 ,0 0 0 ........ Oct. 1, 1910
Cit y Notes —
6s, M&S, $1 9,24 1.........part yearly. T otal debt Feb. 1 ,1 8 9 9 . $157,091
Sinking fu n d .....................
5,542
Sew er B onds—
151,539
............ $4,»?00...................................... Net debt Feb. 1 ,1 8 9 9 —
T
ax
valuation
1899.........
2,950,572
Street Paving B ondsAssessm ent less than ^ actual v a l.
68, M&S., $1 5,54 0......... 1899-1909
T otal tax (per 1.000) ’ 9 9 ...$ 2 4 *5 0
(Part due yearly.)
Water B onds—
___ Population in 1890 w a s......... 9,9 34
6s, semi-ann. 1 2 ,5 0 0 ..Sept. 1 ,1 899 Population in 1899 was. — .10,000
($2,000 due yearly) to Sept. 1,1 905 Interest is p ayable at Bellaire.

T urnpike B onds—

4s......... $5,000......... June 2 ,1 8 9 9
4 s......... 20,000 ........Sept. 2 ,1 9 0 5
4s......... 2 0 ,0 0 0 ............ 1910-1911
Total debt Jan. 15,189 9. $190,000
T ax valuation 1898.........4,729,390
State & C o.tax rat e(perM )’9 8 19*14
Population in 1890 w as.......26,093

A t/ d a \ t
(W . E. YOUNG, M ayor.
A K R O J N . — (C H A S . H. ISB E LL, City Clerk.
A kron is the cou n ty seat o f Summit County.

LOANS—
W h en
F ire and B ridge B onds—

D u e.

5s & 6s, $ 1 9 5 ,5 5 0 ..........1896-1906
P ayable b y special assessment.
5s, J&D, $2 0,00 0.......June 1 ,1 8 9 9
($4,000 due yearly) to June 1,1 903
5s, F&A, $9,600.........Aug. 1 ,1 8 9 9
($1,800 due y ’ rly) to A ug. 1 ,1 9 0 3

LOANS—

STATE OF OHIO.

48, ....,$ 1 6 ,0 0 0 ...............1899-1914

LOANS—
W h en
I mprovement B onds—

V illage is in B elm ont County.

IN THE

F unding B onds-

This city is in Stark County.

B A R N E S V IL L E .—H . E . D em ent , Clerk.

C it ie s , C ounties a n d T o w n s

County seat is W est Union.
LOANS—
W h en D u e.

A L L IA N C E .—J. H. M cC o n n e l l , City Clerk.

u

B E L L A IR E . —

This village is in L ogan County.
LOANS—
W h en D u e.

6s, M&S, $1 6,00 0___ Sept. 1 ,1 9 2 1
($500 due each M&S) to Mar. 1,’ 37
T otal debt Sept. 1 ,1 8 9 8 .. $195,202
T ax valuation 1 8 98.........2,242,000
Assessm ent about % actual value.
R efunding B onds68, J&J, $85,000.............19 05-1916 T otal ta x (per $1,000) ’98 ..$31*20
WATERWORKS—
. P opu lation in 1890 w a s.........4,245
in 1898-------------(est.) — 7,0u0
6s,
var., $6 3 ,0 0 0............
.. — ...1..8 9 8 -1 9 1 9 P opulation
38j_var„
—--------------------*
TPTt E R E S T on the railroad bonds is payable at N ew Y o rk ; on t h e
water w orks bonds at BeUefontaine.

E lectric L ight and P aving-

68........ . $ 1 8,00 0.............. 1898-1919
6s) . . . . .
9,8 2 1 ...............1897-1907

B E L M O N T C O .—M a d iso n A ld redg e , Auditor.
County seat is St. Clairsville
LOANS—
W h en D u e.

County B onds—

„

5s, M&S, $ ¿4 ,0 0 0 ....... June 1 ,1 9 0 1

B ridge B onds—

5s, M&S, $ 3 6 ,0 0 0 . . . M arch 4 ,1 9 0 1
5s. M&S, 50,000.......Sept. 1 ,1 9 0 5
gg (
16,000...... M arch 1 ,1 9 0 7

Court House

and

J ail —

5s, M&S, $9 2,50 0........1898 1903

LOANS—
R efunding B onds—

W hen D u e .

413s, M&S, $40,000........1907-1910

($10,000 annually.)
T ota l debt ¡**ept. 1, 1898 $258,500
T ax valuation in 18 98..20,901,099
Assessm ’ t about 60% actual value
Population in 1890 w a s-----57,413
P opulation 1896 (estim ’d )..67,000

79

April, 1899.
■ D ü d TT' a
Í T. J. Q U A YL E , M ayor.
-D H .J T ÍÍ1 .A .. — ^ je g. LOOMIS, Clerk.
This village is in Cuyahoga County.
LOANS—
W h en D u e. 5s, sew er b o n d s..................... $8,500
5s, p aving b o n d s......... ........22,600
W ater B onds—
•4s, M&N, $30,000. .M ay 1 ,1 9 0 5 to B onded debt Jan. 2, ’9 9 ... 38,800
<$1,000 every 6 m o s .).N o v .l, 1919 A ^ e sse d valu a tion 1 8 9 8 ..5 6 6 ,7 2 5
T a x rate (per $1,000) ’9 8 ...$ 2 7 -8 0
Council Hall B onds—
5 s .............$3,000.............. 189919 04 P opu lation in 1890 w a s.........2,533
5 s , refunding bon ds..............$4,700 P opulation in 1899 (est.)___ 3,200
I NTEREST is payable at the B ank o f B erea Co.

B O W L IN G

G R E E N . { A L E X ^ VnULlAM SOfL^Clerk.

This v illag e is in W ood County.

LOANS—
W hen
Ga s , Town H all , E tc.—

6 s,

D u e.

$5 6,000....... Sept. 1 ,1 9 1 2

R efunding Bonds-

58, M&S, $1 0,00 0............1908-1917
($500 every M&S.)

Street I mprovement B onds-

58, M&N, $4,500.........Sept. 1 ,1 8 9 9
($500 every 6 m os.) to S ep t.l, 1903.
T otal d ebt Sept. 1 ,1 8 9 8 . $86,340
T a x valuation in 1898 ..1 ,3 8 3 ,3 1 0
T a x rate (per $1,000) 1898. $37-00
P opulation in 1890 w a s......... 3,460
P opu lation in 1897 (a bou t). .6,000

B R O O K L Y N . - W . T . W a t so n , Clerk.
This tow nship is in Cuyahoga County.
B onded debt Feb. 1, ’9 9 .. .$11,100 I T otal ta x (per $1,000) ’9 3 ..$ 2 4 -7 0
F loatin g d e b t......................
1,500 Population in 1890 w a s.........4,585
T otal debt Feb. 1 ,1 8 9 9 ___ 12,600 P opulation in 1880 w a s .........1,295
T a x valuation 1 8 98........1,007,865 |Population 1898 (est.)............ 5,500
d T C V D T T Q
5 C. F. B IR K , M ayor.
D U L Y r t U O . — ^ w . A . BLICK E, Clerk.
This city is the county seat o f Crawford County
L O A N SW h en D ue. 6s, A&O, $8 ,0 0 0 ........ Oct. 1 ,1 9 0 4
R efunding B onds—
•6s. J&D, $1 0,00 0....... Dec. 1 ,1 9 0 8
6s, M&S, $1 2,00 0.......Mar. 4. 1910
School B onds—
-6s, M&S, $ 1 0 ,0 0 0 ...... Sept. 1 ,1 9 0 4 6s, A&O, 7,000.........A pr. 1 ,1 9 0 0
($1,000 yearly) to A p ril 1,1 906 .
Street I mprovement B onds—
6s, J&J, $1 2,00 0......... Ju ly 1 ,1 9 0 0 Total debt Feb. 1 ,1 8 9 9 .. $90,700
6s, M&S,
3,000..... Sept. 1 ,1 9 0 1 T ax valuation 1898.........2,846,010
•6s, M&N,
2 ,0 00..... M ay 1 ,1 9 0 2 Assessment about 40% act. value.
6s, J&D,
3,200.....June 1 ,1 9 0 2 Total ta x (per $1,000) 1S98.$27,60
*6s, M&S,
14,000.....Sept. 1, 1902 P opulation in 1890 w a s.........5,974
-6s, M&S,
8,5 00.....Sept. 1 ,1 9 0 8 P opulation in 1899 w a s__ ..7 ,0 0 0
INTEREST on the street im provem ent bonds due in 1900 is payable
at New Y ork City; on all other bonds at Bucyrus.

B U T L E R C O U N T Y . — H e n r y C. G r a y , Aud.
County seat is H am ilton.
sold A p ril 8.

LOANS—
B ridge B onds—

$20,000 pa" ing bonds are advertised to be

W h en D u e.

Court H ouse B onds-

58, M&N, $3 0,00 0....... Dec. 1 ,1 8 9 9
-4138 , J&J, $3 5,000....................1908 ($15, OOOdue yearly) to Deo. 1 ,1 9 0 0
4*28, J&J, 3 0 ,0 0 0 .... 1910-T 1-T 3 4s, M&N, $ 1 0 0 ,0 0 0 .... M ay 6 ,1 9 0 1
($20,000 due yearly) to M ay 6 ,1 9 0 5
($10,000 due each year.)
413s, J&J, $1 5,00 0....................1915 4^28, J& J, $ 2 0 ,0 0 0 ...Ju ly 1 0 ,1 9 0 6
4*28, J& J,
10.000................ 1917 4*28, J&J, 2 5 ,0 0 0 ...Ju ly 1 0 ,190 7
J ail B onds—
4 ^ 8 , J&J,
15,000................ 1919
412 s, J&J,
10,000................ 1921 6s, F & A , $1 5,00 0...1 899-’ 1901-’03
R oad I mprovement—
4^28, J&J,
20,000................ 1924
4*28, J& J,
70 ,000_J u l y l , 1899 4*28, M&S, $25,000................... 1906
Interest payable at H am ilton.
<$10,000 due y ’rly) to June 1 ,1 9 0 5
4 *28 , J& J, $10,000___Jan. 1 ,1 8 9 9 Bond, debt Sept. 1 ,’9 8 .. $541,117
($2,000 due yearly) to Jan. 1 , 19u3 Assessed valuat’ n, real*21,011,640
Assess, valu a t’n, pers’l. 8,475,196
County F und—
4*28, M&N, $2 0,000..................1902 T otal valuation 1^98...29,486,836
4 12S, M&N, 20 ,000..................1903 Assessment about 40% act’l value.
412 s, M&N, 20,000. 1904-’06-’09 State and Co. tax (per $1,000).$8*30
-412 s, M&N, 20 ,000 ..T 2-T 4-’ 16-T8 Population in 1890 w a s...... 48,597
Population in 1895 (est.)__ 55,000
($5,000 due each year.)
* The Miami U niversity lands (22,529 acres), appraised at $ 1 ,0 9 6 ,7 5 0
are exem pt from all State taxes except those fo r school purposes.

C A M B R I D G E . — T . E. D

eselm

,

Clerk.

This city is located in Guernsey County.

L O A N SChair F actory —

A m o u n t.

-6s, A&O, $2,000.......... Oct. 1, 1899
<$1,000 due yearly) to Oct. 1 ,1 9 0 0

Sewer B onds—

C emetery B onds—

4s, J& J, $7 ,000............ Jan. 1,1 919

R efunding B onds—

413s. A&O, $5,000 .. A pr. 1 ,1 9 0 8

W ater B onds—

4^28, A&O, $ 6 ,0 0 0 ....A pr. 1 ,1 9 1 0
4 *28 , J&J, 30 ,000.........1905 1934
($1,000 due yearly on Jan. 1.)
■6s, M&S, $5,000.......... Mar. 1 ,1 9 0 2
($1,000 due yearly) to Mar. 1 ,1 9 0 6 4*28, J& J, $3 0,00 0......... 1906-1935
($1,000 due yearly on Jan. 1.)
Street B onds—
412 s, M&S, $ 9 ,0 0 0 ....Sept. 1 ,1 9 2 3 B onded debt Mar. 1 5 ,’ 99.$118,000
65,000
4 V , A&O, 2 4 ,4 8 0 ...O ct. 1,1 899to W ater debt (in clu ded). . .
•($2,448 y e a rly )............ Oct. 1, 1908 T ax valuation 1898......... 1,669,101
A ssessm ent 50 to 60% actual v a lu e.
Rolling Mill —
6s, J&J, $1 5,00 0.........J u ly 1 ,1 8 9 9 Total ta x (per $1,000) ’ 9 8 ..$ 3 3 -80
■($ l,000 du esem i-an )to Ju ly 1,1 903 Population in 1890 w a s.........4,361
P opulation in 1895 (est.)....... 5,975
INTEREST on the rolling m ill loan is payable in New Y ork and on
oth er loans in Cambridge.
4 1 * 8 , M&S, $ 9 ,0 0 0 ....Sept. 1 ,1 9 2 3

F unding, E tc.—

C A N T O N . — L ouis N . L e y , Clerk.
This city is the county seat o f Stark County.
W h en
LO A N SCurrent E xpense B onds-

D u e.

58, M&S, $ 1 2 ,5 0 0 .... Sept. 1 ,1 8 9 9
5s........
4 ,0 0 0 ... .Ju ly 1 5 ,189 9
5s, ....... 112,102.................V arious
4*28, . . . . . 3 0 ,0 0 0 .... 1900 to 1910

F ire D epartment B onds-

4128, F&A, $ 2 5 ,0 0 0 ..Aug. 1 ,1 8 9 9
4,800.June. ’ 99 to ’02
5s............
5s........... .
3 ,0 0 0 ... .F eb., ’ 01-’03

Market H ouse B onds—

5s, J&D, $26,000....... June 1 ,1 9 0 9

P ar k

bonds —

5s, A&O, $ 4 ,0 0 0 ..June. 1899 1903
58, A&O......................Ju ly, ’04 & ’ 06

Sewer B onds-

58, M&N, $ 1 2 ,0 0 0 ....May 2 0 ,1 9 0 1
5s, M&N, 1 3 ,0 0 0 ... .M ay 2 0 ,1 9 0 2
5s, F&A, 12,000___ Aug. 2 0 ,1 9 0 2
5s, F& A, 1 3 ,0 0 0 ... .A ug. 2 0 ,1 9 0 3
5s........ .
4 4 ,0 0 0 ..Feb. 1,1904 ’05
5s, J&J,
25,000 .June 1 5 ,1 9 0 4
($5,000 yearly) to June 15 ,1908
5s......... . $18,000 .............. Various

P ublic I mprovements—

.. . , .......... , $9,000................... Various




LOANS—
When Due.
Street I mprovement B onds—

4s........ . $1 5,00 0......... Sept. I, 1908
3^ 8, , 15,000...........Feb. 1 ,1 9 0 9
6s, . . . 1,
2 0 0 .... Deo. 19,1899
5 s , ___ ,
51 ,000................ V arious
4 12 8 ,..,
16,887................ V arious

R efunding—

5 s , .......... $ 1 3 ,0 0 0 ...............................
4s, M&S. 1 3 ,9 3 3 ....Moh. 1 ,1 9 0 8
5s, M&S, 10 ,000.........Mar. 1 ,1 9 0 9

Water W orks B onds—

5s, F& A, $ 1 5 ,0 0 0 ....Feb. 1 ,1 9 0 0
5s, J&J,
1 0 ,0 0 0 ... .Ju ly 1 4 ,1 9 0 1
5s, J&J, 1 0 ,0 0 0 ... .Ju ly 1 4 ,1 9 0 0
5 s ,. . ..,
12,000............ 1900 1902
4*2S, . . . . , 30,000.............1900-1910
5s, F&A, 3 0 ,0 0 0 .... Aug. 2 0 ,1 9 0 4
($10,OOOdue y ’rly) to Aug. 2 0 ,1 9 0 6
5s, J&J, 1 5 ,0 0 0 ... .Ju ly 1 5 ,190 3
($5,000 due y ’rly) to Ju ly 1 5 ,1 9 0 5

R efunding

w ater

B onds—

4s, st-mi-an., $3 8 ,0 0 0 .Sept. 1 ,1 9 0 7
4s. M&S,
15,000.Sept. 1 ,1 9 0 8
, F&A,
15,000. Feb. 1 ,1 9 0 9

INTEREST is paid in part b y K ountze B rothers, New Y ork, and in
part in Canton.
T O T A L D E B T E TC .— The city ’s total debt on Mar. 1, 1899, w as
$664,542, including w ater bonds $190,000, street im provem ent bonds
$67,706 and current expen se bonds $185,035.

ASSESSED VALUATION in 1898 $11,368,330; real valuation
estim ated at $4 0,00 0,00 0; city ta x rate (per $ i,0 6 0 ), $ 1 2 ,00; total tax
rate (per $1,000) $ 2 9 -20. In 1891 it was $12,000,000, real value being
about $26,000,000.
P O P U L A T IO N in 1895 was 38,627; in 1890 w as 26,189; in 1880
w as 12,258; in 1870 was 8,660. Population in 1898 (est.), 40,492.

C a n t o n S chool D istrict .— H e l e n L. P e r k in s , Clerk
Board of Education.
B onded debt Feb. 15, ’ 99.$209,000 I School ta x , 1 8 9 8 .... ............ $8"00
Assessed valuat’n 1898.11,751,560 |Population 1899 (est.).........40,000
/^TTir ttvt a
5 J* 8. M ETZNER, M ayor.
L / l —<i—<11N A . — ¿A U G . B E H R IN G E R , Clerk.
Celina is in M ercer County.
LOANS—
W h en D u e. T otal debt Feb. 1 ,1 8 9 9 ... $60,000
Street I mprovement B onds— Assessed valuation, r e a l.. 476,000
6s......... . $ 1 0 ,0 0 0 ...A u g . 1 5 ,1 9 0 3 Assessed valuation, pers’l 352,735
T otal valuation 1 8 98
828,735
Water -Works B onds68......... . $ 5 0 ,0 0 0 ....Oct. 1 5 ,1 9 3 1 T otal ta x (per $1,000) ’ 9 8 .. $34-50
P opulation in 1890 w a s.........2,702
Int. p ayable at Village Treasury.
Population in 1895 (est’ d )...3 ,5 0 0

C H IC A G O
J U N C T I O N . — Louis S im m e r M A C H E R , Clerk.— This village is in H uron County.
L O A N S-

W h en D u e . 1 Assessed valuation 1898,$457,494

.............. * 2 5 ,0 0 0 .......... 1901-1925

T a x rate (per $1,000) 1898.$33-80
I P opulation in 1890 w a s .........1,299
5s, F&A, $ 1 0 ,0 0 0 ......... 1926-1935 I P opu lation in 1899 (est.) . . . 3,000
B onded debt Jan. 2 , 1899..$35,000 |

Water B onds—

n r t t t t T p v ’- p r t t - i
( P . W H IT E BROW N, Mayor.
O r i l J _ lJ_JlL -'L J 1 n n . — < w . J. E Y T H , Clerk.
This city is in R oss County.

LOANS—

W h en D u e.

School D ist . Bonds—(1897)—
6s......... $ 9 ,500.............. 1899-1917

Street I mprovement Bonds—

5 s , ........., $ 2 2 ,0 0 0 ...A ug. 1 5 ,1 9 1 3
(S u bject to call part yearly.)
Refunding B onds (Gold )—
Total debt Jan 1 ,1 8 9 9 ... $130,000
4iag, J&D, $100,000 g.D eo. 1 ,1 9 1 6 T otal valuation 1898___ 5,238.157
Sew er B ondsA ssessm ent about Lj actual value.
58, .......... $ 8 ,0 0 0 .......... Oct. 4 ,1 9 1 3 Total ta x (per $1,000) 1898.$26-20
(Subject to call after Ju ly 1 ,1 9 0 0 ) P opulation in 1890 was....... 11,288
. Population in 1899 (est.)....1 6 ,0 0 0
O P T IO N A L *—The refun din g bon ds m ay be redeem ed six each year
fo r seven years beginning Dec. 1 ,1 9 0 2 , seven each year fo r six years
beginning D ec. 1 ,1 9 0 9 , and eight on Deo. 1 ,1 9 1 5 .
INTEREST is p ayable b y the Farm ers’ L oan & T rust C om pany,
N ew Y ork.
r ^ T 'M r ’ TTVJ'M A T T
(G U S T A V T A F E L , M ayor.
O I J N O l I N IN A I 1 . — l h . p . BOYDEN, A uditor.
Cincinnati is situated in H am ilton County.
In 1895 the villages o f A vond ale, Clifton, L inw ood, R iverside and
W estw ood w ere annexed to Cincinnati and their indebtedness w as
assumed b y that city. The city entered into an agreem ent with a New
Y ork firm last summer looking to the refunding o f the Cincinnati
Southern R ailw ay bonds. This agreem ent w as set aside b y Judge
Spiegel on Aug. 1 8 ,1 8 9 8 , and th e case is n ow pending in the State Su­
prem e Court. See Ch r o n ic le , V. 67, p. 189 and 442. The B oard o f
Trustees o f the Cincinnati Southern R ailw ay also advertised fo r p ro ­
posals to refund these bonds, non e o f w hich have been accepted at this
date (A pril 1).
L O A N S—
-— Interest .— , ,-------------- P rin c ip a l. ------------- .
NAME AND PURPOSE.
B a te. P a ya b le.
W h en Due.
O utstand’ g .
B ow lder p avem en t....... 1893 4
J & D June 1, 1912 *$144,000
Subject to call after June 1, 1902
Cincinnati South. R ’ y .. 1872 7
J & J Ju ly 1, 1902
*494,000
do
do
1872 7-3 J* & J Ju ly 1, 1902
7,644,000
do
do
1876 6g. M & N M ay 1. 1906
2,890,000
do
do
1876 7-3 M & N May 1, 1906
1,865,000
do
do
1878 7
M & N N ov. 1, 1908
835,000
do
do
1879 6
F & A Aug. 1, 1909
895,000
City hall 10-20s....................... 4
J & D June 1, 1909
*249,000
Subject to call June 1, 1899
do
do
.......... 1892
4
J & D June 1,
1911
*325,000
Subject to call after June 1, 1901
Con. sink, fund 30-50s, 1880 5
M & N M ay 1, 1930
1,332,000
Subject to call after M ay 1, 1910
do
do
1881 4
J* & J Ju ly 1, 1931
967,000
Subject to call after Ju ly 1, 1911
do
do
............. 4
J & J Ju ly 1, 1941
77,000
do
do R’f ’g l8 9 7 3 65 F & A Feb. 1, 1937
3,600,000
E gglest.Ave. sewer,LetterB3 7-3 A & O Oct. 1, 1899
94,000
M & N M ay 15, 1904
992,000
Funding........................... 1874 7
Funding debt, L etter L ......... 6
J & J Jan. 1, 1900
59,000
Hospital, 1876, Letter S3 . . . 7
M & N M ay 1, 1906
50,000
Liberty Street v iad u ct........... 4
J & D June 1. 1939
*68,000
H ouse o f R efu ge bonds,’ 9 6. 4
J & J J u ly l,
1926
34,000
Mo Lean A ve. sewer, Let.U2 5
M & N N ov. 1, 1904
*35,000
do
do
do
5&6 M & N 1899 & 1909
70,000
M adisonville A ve.bon ds, ’ 96 4
J & D June 1, 1915
16,000
Orphan asylum, reg istered .. 6
M & S M ar.17, 1908
100,000
P avem en t................................. 4
J & D June 1, 1909
142,000
Subject to call June 1, 1899
do
................................. 4
J & D June 1, 1910
*150,000
Subject to call June 1, 1900
do
................................... 4
J & D June 1. 1911
*449,500
Subject to ca ll June 1, 1901
do
................................. 4
J & D June 1, 1912
*445,500
Subject to call June 1, 1902
do
.............................
4 J & D June 1, 1914
*200,000
Subject to call June 1, 1904
Sewer & G ilbert A v ., R.& U . 7-3
M & S Sept.15, 1899
291,000
Trunk sew er............................. 4
J & D June 1, 1929
*50,000
Subject to call after June 1, 1919
do
1893 4
J & D June 1, 1932
300,000
Subject to call after June 1, 1922
University, Letter H 2 ........... 4
J & J Ju ly 1, 1918
*100,000
W aterworks, Letter F ........... 6
A & O Oct. 15, 1900
93,000
do
L e t t e r K ........... 6
J & D J u n e l5 , 1900
70,000
do
.................1891. 4
J & D June 1, 1911
*199,000
Subject to call after June 1, 1901
do
................ 1898. 3Lj
F & A Aug. 1 , 1938
540,900
Subject to call after Aug. 1, 1918
V iaduct bonds........................... 4
J & D June 1, 1922
*350,000
Subject to call after June 1, 1912
Workhouse im p., 1893........... 4
J & D June 1. 1923
*100,000
A venue b on d s.......................... 4
J & D June 1, 1912
55,000

STATE

8 0
L O A N S—
NAME AND PURPOSE.

'— In te rest.-.—s <----------- P rin c ip a l, ----- — ■*
R ate. P a ya b le.
W hen D u e . O u tsta n d g .

Sewer loa n ............................... 5
Sidewalk bonds...................... 5
Street im provem en t............. 4
F ire and p olice im p t............ 5
Turnpike & im provem ’ t....... 5
W ater l o a n . . . : . ..................... 5
Gen. im provem ent bon ds.. . .
do
do
....
Sewer bon ds............................
W ater b o n d s.......... ................
do
............................
Assessm ent Im p’ t b o n d s ....

4*2
4^2
4^
5
4*2
5

W ater-works & e lec.-lgtb ds. 6
do
do
6
do
do
5
Ittl V E R S E D E**
Street and sew er im prove’t. 5
do
do
5

V arious
1904-1917
J & J J u ly !» ,
Various 1921-1925
Various
1914-1923
M & N
M ay 1 ,1 9 1 4
J & J Ja n , 1 ,1 9 0 7
J & J
M & N
J & J
J & J
A & O
Various

$57,500
2,500
230,000
74,500
25,000
75,000

J u ly 1, 1918
M ay 1, 1920
Ju ly 1, 1917
Jan. 1, 1906
A pr. 15, 1922
1898-1905

$99,500
50,000
50,OCO
20,000
12,000
5,541

A & O
A p ril 1, 1904
A &
O A ug. 1 ,1 9 2 3
A &
O Feb. 1, 1923

o o ’ nRn
29,000
40,000

Various
1902-1922
J & D D ec. 1 ,1 9 1 2

l i ’onn
19,000

W ESTW O O D —

T

T T,

,

, nno

**«1

q qAO

Town-hall b on d s..................... 6
J & J Ju ly 1» 1908
$13,300
do
do
6
F & A Feb. 1, 1909
2,500
PA R V A LU E O F B O N D S-—The bonds in the above table marked
thus * are, in whole or in part, $500 pieces. Bonds m arked thus
in w hole or in part, $100 pieces, or uneven amounts. A ll others, $1,000.
IN T E R E ST on bon ds is payable at the A m erican E xchange National
B a r k o f N ew Y o rk and the Third N ational Bank o f Cincinnati, which
are the authorized agents o f the trustees o f the sinking fund.
T O T A L D E B T . SIN KIN G FU N D, Et c .—The subjoined statement
shows Cincinnati’ s total outstanding m unicipal debt (inclusive o f w a­
ter debt), the sinking fund held b y the city against the same, and the
w ater debt, on the 1st o f January o f each o f the last fou r years.
1899.
1898.
1897.
^ 1896.
Tot. bonded debt.$27,185,700 $27,451,800 $28,526,000 $28,087,000
8inMng fund....... 2,016*168
1,969,34:1
2,574:,751
2,621,133
Net d e b t .....$25,169,532 $25,482,459 $25.951,249 $25,465,867
W ater debt (incl’ d)
............
$1,409,500
$1,175,000
There were outstanding on Jan. 1,1899, street bonds to the am ount
o f $1 478 832-55 payable b y special assessment and not included in
the ab ove statement o f total debt. O f this am ount bonds to the
am ount o f $1,242,937-67, together with $92,500 bonds o f the B oard o f
E ducation, w ere held b y the sinking fund, these, and the cash on
hand am ounting to $680,730-17, being applicable to the paym ent o f
the general bonds.
C IT V P R O P E R T Y -—The city ow ns the Cincinnati Southern
R ailroad. The rental received fo r the road is $1,090,000 till 1901 and
then $1 250,000 till 1906, when lease expires. The State Legislature
has passed a bill perm itting an election to v o te on the proposition to
exten d the lease beyon d 1906. See V. 66, p. 900. The water-works
p ay the interest and sinking fu nd on all water bonds.
A S S E SSE D V A L U A T IO N . ETC-—The net debt, assessed valuation
and ta x rate have been as follow s.
Y fttrs
N et D ebt.
A ssessed V a l'n . Tax p e r $1,000
1898
$25,169,532
$196,141,670
$25-.a0
1897............
25,482,459
196,818,200
26-18
1 8 9 «....................
2 5 9 5 1 ,2 4 9
198,536,580
2640
1895................... .. 25 465 867
188,484,880
28'32
1890...............
. 24 723,068
177,773,240
26-66
1885.....................
2 4 4 6 8 405
170,086,968
26-86
i 8 8 o : : : : : : : : : : : : : : . . 2 3 !95 3,98 i
1 6 7 , 5 3 5 .3 5 6
3100
PO P III A T IO N .—In 1890 p opulation was 2 9 6,90 8; in 1880 it was
2 5 5 , 1 3 9 ; in 1870 it w as 216,239. P opu lation in 1898 about 400,000.
C I R C L E V I L L E . — The city is situated in P ickaw ay Co.
I DANS—
W h en D u e . I Interest payable at City treasury.
H all and L ibrary —
T otal debt Mar. 1 , ’9 9 ..
$51,000
6s * 12 .000................... Sept. 1 ,1 9 0 5 T ax valuation, 1 8 9 8 ... 3,076,315
R efunding B onds—
I T otal tax , per $1,000 1898.$30-60
6s $3 9,00 0................. Sept. 1 ,1 9 1 1 |Population in 1890 w as......... 6,556

-J o hn W .
C LE R M O N T C O U N T Y
Auditor.— County seat is Batavia.

D a v is ,

T otal debt Feb. 1,1899.. $132,500
Assessed valuat’n, real. 7,877,350
58.......................................... $109,500 A ssessedvalu at’ n .p ’ snl 2,590,230
T otal valuation 18 98.. 10,467,580
J ail B onds—
6 s .......................................... 11,000 T ax rate (per $1,000), ’98.. 11-55
Population in 1890 was.......33,553
B ridge B onds -1 8 9 7 —
5s........ . $2 0,000..................
1906 Population in 1899 (est.).. .37,000

LO A N SD kficiency B onds-

5 JOHN H F A R L E Y , Mayor.
' l H. L. ROSSITER, Auditor.
Cleveland is situated in Cuyahoga County.

C L E V E L A N D ,
LOANS—
B ridge B onds—

W h en D u e.

5s,
A&O, $65,000........Oct., 1899
5s,
A AO, 20,000........Oct., 1900
5s,
A&O. 285,000........Oct., 1903
4L}S, A&O, 60,000........ Oct., 1899
4s,
M&S, 10,000..Mar., 1900
4s,
M&N, 30,000....... M ay, 1900
4s,
A&O, 60 ,000....... Oct., 1900
4s,
A&O, 30,000........Oct., 1902
4s, A&O, 2 5 ,0 0 0 ....Oct. 1, 1903
4s, A&O, 4 5 ,0 0 0 ...A p ril 1, 1906
4s, A&O, 9 0 ,0 0 0 ....Oct. J, 1907
4s, A&O, 9 0 ,0 0 0 ... A p r. 1, 1926
4s, A&O, 2 4 9 ,0 0 0 ....Oct. 1, 1926

Canal B onds—

5s,

A&O, $150,000......Oct., 1903

58,
5s,

A&O, $ 1 0 0 ,0 0 0 ....Oct., 1902
A&O, 147 ,<»00---- Oct., 1903

F ire D epartment-

E levated R oadway —

LOANSF unded D ebt-

W h en D u e.

58,
5s,
5s,
5s,
5s,
4s,
4s,
4s,
4s,

A&O, $ 2 6 5 ,0 0 0 ....Oct., 1899
A&O, 1 5 6 ,0 0 0 .... Oct., 1900
A&O,
3 9 ,0 0 0 ....Oct., 1901
M&N, 100,000___ N ov., 1901
A&O, 2 2 7 ,0 0 0 ....Oct., 1902
A&O,
4 6 ,0 0 0 .... A p ril,1902
A&O. 100,000.. A pr. 1, 1904
A&O, 2 7 6 ,0 0 0 ..Oct. 1, 1916
A&O, 2 2 5 ,0 0 0 ..Oct. 1, 1908

58,
4s,

M&N, $20,000....... May, 1901
A&O, 100,000....... Oct., 1917

48,
4s,

A&O, $5 00,0 00.. .Oct. 1 ,1 9 2 6
A&O, 25 0,00 0.. Oct. 1, 1928

P olice Station-

R iver

and

giddings

4s,

A & O,

H arbor B onds-

B rook B onds -

50,000. .O ct, 1 ,1 9 1 8

PuBLrc L ibrary Bonds-

58, A&O, 2 5 0 ,0 0 0 ...Oct. 1 ,1 9 1 8
Sewer B ondsJ& D, $150,000___June, 1903
J& D, 232,000__ June, 1904 58, A&O, $ 4 5 ,0 0 0 ..Oct., 1899
J&J, 1 7 5 ,0 0 0 .... Jan., 1901 5s, A&O, 10 6,00 0.. Oct., 1900
3 0 ,0 0 0 ..Oct.,
1901
M&N, 60,000---- M ay, 1901 5s, A&O,
5 6 ,000 .. Oct., 1902
A&O, 100,000___Oct., 1902 5s, A&O,
68 ,000 .. Apr. 1, 1901
J&J, 100,000---- Jan., 1903 4s, A&O,
6 ,0 0 0 ..o c t . 1, 1902
J& D,
75 ,0 0 0 ___June, 1903 4s, A&O,
4s, A&O,
51 ,000 .. A pr. 1 ,1 9 0 3
P ark Bonds—
4s,
A&O,
2
0 ,000 .. A pr. 1 ,1 9 0 4
4s, A&O, $500,000... Oct. 1 ,1 9 2 3
23 ,000 .. Oct. 1, 1905
4s, A& O, 500,000.. A pr. 1,1 924 48, A& O,
4s.
A&O,
10
7,000.. A pr. 1 ,1 9 0 6
4s, A&O, 6 0 0 ,OOO...Apr. 1,1927
4s, A&O, 4 0 0 ,0 0 0 . . Apr. 1. 1928 4s, A&O, 2 6 2 ,0 0 0 ..Oct. 1, 1907
4s,
A&O,
2
3
5 ,0 0 0 ..O ct. 1, 1908
4 b, A&O, 500,000 .O ct., ’ 29&’31
5s,
5s,
4s,
4s,
4s,
4s.
4s,




Voi. LXVlll

SUffJ-EMEWT.

A T iD

LOANS—
W hen
Sewer B onds—(Con.)

D u e.

LOANS—
W h en D u e.
Street I mprovement Notes—

$ 2 3 ,0 0 0 ..Oct. 1 ,1 9 1 6 5s, M &N, $1 ,135 ,380 .189 9-1 903
3 0 ,0 0 0 ..O ct. 1 ,1 9 1 7 j Brooklyn Bonds$ 3 ,4 0 0 ..S e p t, 1899
2 0 0 ,0 0 0 ..Oct. 1, 1921 68...............
1,700.. Sept., 1900
11 0.00 0.. Oct, 1 ,1 9 2 6 6s............. .
1 ,8 5 0 ..Sept., 1901
240,000.8ept. 3 0 ,192 6 6s, . . . . . .

4s,
4s,
4s,
6s,
4s,

A&O,
A&O,
A&O,
A&O,
A&O,

4s.

A & O ,100,000....... Oct. 1,1916

V iaduct B onds—

Garbage P lant Bonds —

Street I mprovement B onds—

6s,
, $1 1,67 0..Sept.,
6s, .........
1 1 ,136 ..Sept.,
6s............. .
13,130.. Sept.,
6s............. .
1 0 ,750 ..Sept.,
68,
4 ,0 0 0 ..Sept.,
4 ,0 0 0 ..Sept.,
6s............. .
6s............. .
2,800.. Sept.,

1899
1900
1901
1902
1903
1904
1905

5s,
4s,
4s,

J&D, $ 1 2 5 ,0 0 0 ..June, 1907
A&O, 150,000. Oct. 1 ,1 9 0 4
M&S 1 9 0 ,0 0 0 ..S e p t.l, ’99

Water Works -

68,
6s,

M&S, $ 2 7 5 ,0 0 0 ..Mar., 1900
....... .
1 2 ,0 0 0 .. Ju ly, 1903
4 0 0 ,0 0 0 ..A pr., 1902
4s,
J&J.
10 0,0 0 0 .. Jan., 1903
4s,
A&O, 20 0,0 0 0 .. A pr., 1903
4s,
A&O, 2 0 0 ,0 0 0 .Oct. 1,1 905
Street Opening B onds—
------3-658
M&S, 10 0,0 0 0 .. Sept., 1902
4s, A&O, $20,000....... Apr.& Oot.
A&O, 500.000. A pr. 1,1917
($5,000 semi-an.) to Oct., 1900 4s,
4s,
A&O, 6 0 0 .0 0 0 . . Oct. 1,192 6
PAR V A L U E —AU bonds are fo r $1,000 each.
INTEREST is payable at Am erican E xch an ge Nat. Bank, New Y ork.
TOTAL DEBT, SINKING FUNDS, Et c .—T he subjoined statem ent
shows Cleveland’ s total m unicipal debt, the sinking fund, &c.
Bonds and notes Jan. 1, 1 8 99...................
$12,435,810 00
W ater debt included in above....................$2,387,000 00
*_
A ll sinking fu n d s......................................... 1,909,806 27
4,296,806 27
413s. A&O,

$8,139 ,003 73
Net debt Jan. 1, 18 99............................
C leveland debt lim it (7 p. o. o f ass. v a l.).
$9,960,354 25
R eserve under Ohio (Cleveland)debt lim it
$ 1,821,350 52
WATER W O R K S -—The city ow ns its w ater works. The in com e
from water rents and fees in 1898 am ounted to $701,853 41.
ASSESSED VALUATION ETC—Assessed at about 35 per cent of
its actual value.
A ssessed

A ssessed

T ax Rate

T ax R a le

V a lu a tion , p e r $1,000.
Tears.
V aluation , per $1,000. T ea rs.
$29-30
1898........... $142,290,775
$29-55 1 8 90......... $99,614,055
26-00
2 9 3 0 1885......... 88,285,845
1897.......... 141,915,430
26-30
1 8 95........... 134,562,905
28-50 1880......... 73,647,194
P O P U L A T IO N —In 1890 population was 2 6 1 ,3 5 3 ; in 1880 it w as
160,146; in 1870 it was 92,829. Population in 1899 (local est. >, 400,000.

C l e v e l a n d S chool D istrict .— H . L . R ossiter ,
Auditor; A . F. C rosby , Deputy Auditor.
LO AN S-

W h en D ue.

4s, M&N, $ 3 0 0 ,0 0 0 ... .M ay 1,1 908
Total debt Jan. 1, ’ 99. .$1,201,000
Sinking fu n d ...................
151,962

Net debt Jan. 1, ’99 . $1,049,038
T a x valuation 1898. 142,790,775
R eal valuation (est.). 500,000,000
P opulation in 1899 (e s t.)..400,000

C L I F T O N . — See the City o f Cincinnati.
C L Y D E . — This village is in Sandusky County.
LOANS— A m o u n t outstand'g.
R efunding 5s, M&S, 1922..$19,000
Street 6s, F&A, 1913........... 30,000
R f’ d’ g w ater 5s,F&A, 1910. 6,000
W ater-works 6s, M&S, ’07. 10,000
Sewer 6s, M&S, 1902-1909 4,200
Interest paid at 4th Nat. Bk., N.Y.

Bonded debt Sept. 1 , ’9 8 ...$ 6 9 ,2 5 0
W ater debt included above 23,000
Assessed valuation 18 9 8 ..6 9 3 ,5 2 5
Assessm ent about 310 actual value.
Total ta x (per $1.000) ’ 9 8 ..$ 3 2 -8 0
. P opu lation in 1897 (est.)___ 3,000
|

p rs r TTM OTTC
j SAMUEL J. SW ARTZ, M ayor.
L ' L ' L . U IVI JTS U O . — 1 m . A . GEM UEND ER, Clerk Trust S. F.
This city is in Franklin County.
--------P n n c ip a l . ------------s
- I n e r e s i.LOANSO utstand'g.
W h en D u e.
P . a t. P a ya b le.
NAME AND PURPOSE.
C ity H all refunding. .1886 4
$16,000
June 1, 1906
J & D
125,000
do
do
Mar. 1, 1909
M & 8
1889 4
City Prison refunding 1888 4
M & N
N ov. 1, 1908
35,000
Deficiency—
70,000
Gas and lig h t___ .1890 5
M & N
N ov. 1, 1900
M & N
150,000
P olice and fir e ... .1890 5
N ov. 1, 1910
Ju ly 1, 1908
42,000
P o lic e ................... .1888 4
J & J
d