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SUPPLEMENT
OF THE
C
&
o m m e r c ia l
p
in a n c ia l
IN D E X
P ao«.
I«9
ALABAM A, A R IZO N A ,
- - - .
ARKANSAS.
. - •
CA L I KORN LA, . - _s
COLORADO. • - - CONNECTICUT, - D E LA W A R E . - - .
DLST, OK COLOM BIA,
FLO RID A,
-- - GEORGIA.
. . .
I D A H O . ...................
ILLINOIS,
INDIANA,
---
TO
h r o n ic l e
.
STATES.
P age.
LOUISIANA,
- - - 1 3 NORTH DAKOTA,
7
1 9 M A I N E , ............... 9
3
P age .
-n
o
OHIO, - - - . - 174; M A R Y LA N D ,
- - - 73 OREGON. - - - - - 140
141J1MASSACHUSETTS, - IS PENNSYLVANIA,
03
MICHIGAN, - - - 96 RHODE ISLAND.
33
MINNESOTA,
- - - 103 SOUTH C AR O LIN A, - 163
7 M K8LSSIPPI,
1
- - - 171 SOUTH D AKO TA.
- 118
73 MISSOURI. - - - 111 TENNESSEE, ■ - - 159
!*■* M ONTANA, . . . . i39 T E X A S , .................... 175
143 NEBRASKA
- . - 119 U T A H ...................... 138
'%
■
>
NEVADA.
-
- . - H9
- . »
NEW HAM PSHIRE, - 13
- - S6'! NEW JERSEY.
57
I O W A . ....................... UK NEW MEXICO.
- - 19
3
K A N S A S , .................. m
NEW YORK. - -41-119
KENTUCKY,
C
- - - 157 n o r t h Ca r o l i n a ,
m
VERMONT, - - V IR G IN IA , - - W ASHINGTON,
WEST V IR G IN IA .
WISCONSIN
. . .
W YOM ING. - - -
- 15
- 161
- 147
- 156
ioo
- 133
For C nU
M to.1 In<Ux for Sutw, C iti«, Counties and Towns see
ptitfw 180 to 188.
- A _
t d
WILLIAM
:t
:l 1
R. DANA
102 W IL L IA M
(XetreM
ib <
2
9
,
1
8
9
3
& CO., PUBLI SHERS,
ST R E E T,
NEW
YORK.
to fret of r o tut* * * fn 1803, h r William B. Dawa A C In the office of the Librarian of Conjrresp. Washington, D C.}
<?-,
N. W. HARRIS.
N. W. H ALM Y.
A. G. FARR.
D. J. HARRIS.
N. W. HARRIS & CO.,
B A N K E R S ,
C ITY,
COUNTY,
AND
SCHOOL, W A T E R
STREET
R A IL W A Y
z b o z c n t id s
BOUGHT
15
COMPANY
AND
: =
SOLD.
W a ll Street, New York .
163 DEARBORN ST., CHICAGO.
70 STATE ST., BOSTON.
T
OF THE
(C
&
o m m e r c ia l
p
IN D E X
T M
TO
M
S T A T E S .*
P age, i
Paoe.
ALABAMA,
- - - 19
8
ARIZONA. - - - 18
9
ARKANSAS. - - - 17
4
CALIFORNIA.
- - 11
4
COLORADO.
- - - 184
CONNECTICUT, - - 85
DELAWARE. - - - 7
1
DIST. OF COLUMBIA. 75
FLORIDA. . . . . 1 8
6
GEORGIA, • - - - 16
5
I D A H O . ................ 18
8
ILLINOIS. . . . .
90
INDIANA, . . . .
86
I O W A . .................1 8
0
KANSAS.
- - - - 14
3
KENTUCKY, - - - 1 7
0
n r ( ] H R O N !c L L
L O U IS IA N A , - - -178
M A I N E , .................. 9
M A R Y LA N D . - - - 72
MASSACHUSETTS, - 1
8
M ICH IG AN.
. . .
96
M INNESOTA. - - - 103
M ISSISSIPPI, . . . 1 1
7
MISSOURI, . . . . I l l
M ONTANA,
. . . 130
N E B R ASK A, - - - 119
N E V AD A. - . . . 149
N E W H AM PSH IRE, - 13
N E W JERSEY,
- - 57
N E W MEXICO,
- - 139
NEW Y O R K . - - 41-179
NORTH C A R O LIN A . 1 2
6
P age-
NORTH D AKO TA, - 116
OHIO,
......................76
OREGON,
- - - - 146
P E N N S Y L V A N IA , - 63
RHODE ISLAN D ,
- 33
i SOUTH C AR O LIN A, 163
1SOUTH D AKO TA,
-118
TENNESSEE, - - - 159
T E X A S , .................... 175
U T A H , .................... 138
VERMONT, . . . .
15
V IR G IN IA . - - - - 151
W ASH ING TO N. - - 147
W EST V IR G IN IA , - 156
WISCONSIN, - - - 100
W YO M IN G ,
- - - 183
For Detailed Index for States, Cities, Counties and Towns see
pages 180 to 182.
J
A
p
r
i l
2
9
,
1
S
9
3
.
The Stats ad d C m ScrPLEMcn anil the I hvestobs' Supplement arc furnished without extra charge to every annual subscriber
of the COM M ERCIAL AND F IN A N C IA L CHRONICLE.
A'o tingle copies o f these Supplements are kept on tale either fo r subscribers
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E. ftu bacrlp U on to th e C H R O N I C L E , In c lu d in g b o th 8 1 IP P L E J IE \ T S , Is §10-00 p e r y e a r .
WILLIAM
B. D A N A & CO., PUBLI SHERS,
102 W IL L IA M
STR E E T,
NEW
YORK.
according to aot of Congress In 1893, by W illiam B. D an a * Co., In the office of the Librarian o f Congress, Washington, D. C.]
Entered according to A c t of Congress in the year 1893, by
W IL L IA M B. D A N A & CO.,
in the office o f the Librarian of Congress, Washington, D. C.
TATE
SUffJ-ETVrEUT
•OF THE-
C
o m m e r c ia l
&
p
in a n c ia l
^
h r o n ic l e
.
E B tm d according to act o f Congress In the year 1893 by W il l ia m li. D ana *fc Co., in the office of the Librarian of Congress, Washington, D. O.]
NEW
STATE
AM D
C IT Y
YORK,
A P R IL
S U ffL E M E M T .
The Stat * axd C m Spppusmest 1 srtven to every annual subscriber
*
O the COHXEKCIAL AM! FtXAXCIAL. CllROSlCLK.
f
The Lxveator*' SurrucMEXT la alao g iv e n to every subscriber of the
OWOSICLft.
The Commercial axd F imaxcial CURoxiclk Is published every
Beturday morning. For terms see the Cn noxious.
WILLIAM 8. DANA A CO.,
P u b lish ers ,
102 W illiam S t r e e t , N ewI Y ork .
WHAT MAKES MUNICIPAL CREDIT HIGH?
Of the fact that municipal credit is high no proof is
needed. Since we organized the State and City Depart
ment of the C h r o n i c l e the conditions with reference
to this matter, which theretofore had beeu known only
to the few, have become a hoasehold word. A further
help in familiarizing the public with the large dealings
at high ralues in city credit* daily in progress has beeD
our monthly article begun in 1892 reriewiDg the sales and
prices of this class of securities. That record has disclosed
that the par value of the new issues in 1892 the details of
which have been given by ns, reached the large total of
183,823,515; while the price* of the securities which
carry, say from 3$ to 5 per cent interest, ruled almost
everywhere above par, the rate of interest being fixed
and controlled according to locality and to differences
in the laws relating to the taxation of such securities
and the laws regulating savinga-bank investments.
When it is remembered that according to the Census
figures of 1890 the total “ municipal debt ” outstand'
ing in that year was 724j million dollars, the "county
debt ” 145 million dollars and the “ school district”
debt 36^ million dollars (or an aggregate of 906 mil
lion dollars), one appreciates better wbat an imposing
item the new transactions for a year are. We must not
be understood, however, as stating that all new issues
in 1892 represented additional debt. They all called
for new mooey, bat very much the larger part of them
were negotiated to procare funds for the redemption of
bonds already out, the most of the old bonds redeemed
bearing higher rates of interest. The significant fact,
though, ia that in one year the new issues reached over
9 per ceDt of the whole 906 million dollars reported
by the Censns to be outstanding in 1890. Another
comparison which brings out even moie clearly the ex
tent of this municipal bond business is a comparison of
the year's issue* with the new listings of bonds at the
New York Stock Exchange, According to the record
we give of Stock Exchange listings (see C h r o n i c l e
29, 1893.
Dec. 31, 1892, page 1097) the aggregate of "n e w
issues,” “ old issues newly listed” and "issues replac
ing old securities” in 1892 was $317,861,500. Remem
ber that this includes nearly all the important railroads
of the United States, besides many other large proper
ties, and not a few municipal bonds. Y et altogether
the new issues in*1892 of municipal bonds amounted
to over 26 per cent of every description of bond list
ings the same year by all properties dealt in at the
New York Stock Exchange.
These comparisons not only afford a fair indication
of the extent of this business, but furnish also positive
evidence of the high standing municipal securities
roust hold in investment circles. For the bonds when
offered find ready purchasers, quickly passing out of
sight, signifying a market with great absorbing capacity
and a large measure of vitality. This conclusion finds
a special warrant in the transactions of the past year.
I t is to be noted that 1892 was a period when it
was not easy to raise money on bonds. Railroads have
been all the year through unfavorably situated in this
respect, and so indeed have all ordinary enterprises.
That is to say, during the period while city bonds have
most of the time been floated easily at high prices, and
in some months at very high prices, railroads as a class
have had to struggle along with embarrassing floating
debts because they could not negotiate securities at
home or abroad so as to fund them.
This difference in negotiability suggests a difference
in situation which stands at the basis of the existing
high municipal credit. We can make that clearer by
noting what have been the influences interfering the
past year with the marketing of railroad bonds. In
the main, we think they are confined to three. Men
tioning them in the order of their importance, we would
say that first is the silver involvement, which has been
such a prominent source of distrust; next is the appre
hension of State legislation, which has in late years
been so hostile to railroads ; and finally is the increas
ing cost of operating roads (steadily advancing wages
being a prominent item) concurrent with the lower
traffic rates forced on the companies by railroad com
missions. Each of these has contributed more or less
in putting railroad bonds at a disadvantage and pre
venting high prices from ruling for that kind of secu
rity. The first mentioned represents a general economic
influence affecting loans in behalf of all industries^,
the remaining two are more special— obstructing chiefly
railroad prosperity and only incidentally affecting other
industrial* usd enterprises*
4
STATE AN® CITY SUffEEMEKT,
The mere mention of how railroads have been
situated the past year emphasizes a very material dif
ference which has existed between them and munici
palities as borrowers. In the first place, at a time of
currency distrust almost any kind of government
loan would be preferred to an industrial loan, the
former being much less liable to disturbance or depre
ciation in case a panic followed by prolonged indus
trial prostration— which is the catastrophe feared and
threatened— should happen. Capital, too, takes the
worst view of possible results when a financial storm
appears to be brewing; in this case no doubt it forecasts
a situation of insolvencies, receiverships and the like,
mixed up in a general chaos of values. This way of
romancing over the railroad prospect has been helped
also by the exaggeration of the other disabilities we
have mentioned. We do not mean to say that State
legislation lowering rates, at the same time that operat
ing expenses have increased, have not embarrassed rail
roads by narrowing down on both sides of the account
at once the margin for profit. A ll we would suggest is
that more has been made of these latter conditions than
is quite warranted. They are conditions which in time
effect their own cure— (1) by the railroads being forced
to secure greater economy in moving traffic by better
construction of road, road-bed, motive power and the
like ; and (2) by (what is now going on) the enlighten
ment of the less enlightened constituencies until they
see that it is not in the interest of the producer to cripple
the efficiency of the carrier.
But perhaps we have spent more time than was
needful over this phase of our subject. A ll we have
said has, however, seemed necessary, as thereby we have
been able to bring into view a contrast between the
character of railroad and municipal securities, which is
the starting point of differences that explain the pre
vailing disparity in market prices.
Besides, what has
been said has a further and more significant use in that
it leads directly up to another difference of chief im
portance— that is to say, it leads up to the fact that
municipal securities find their principal market at
home, where disabilities of the kind mentioned, when
they exist, are better understood and consequently
minimized, while railroad securities find their chief
market abroad, where such disabilities are less understood
and consequently always exaggerated. This, too, is
only a partial statement of the case. For municipal
securities not only have the home maiket but they
have the home market prepared for them in a measure
by special legislation. This latter fact is no doubt a
great help in sustaining the credit of municipal bonds,
but it is likewise to be said that it is at the same time
an endorsement of their high character ; for the legis
lators of our various Eastern and Middle States who
have learned to guard savings bank deposits with the
most zealous care have in all of them authorized such
banks to a greater or less extent to invest their deposits
in that class of security.
We would remark in passing that New Y ork State,
greatly to the disadvantage of its savings banks, has been
the most illiberal of all the States in its laws respecting
investments. This is for every reason a very unwise
policy. We refer to the fact that, until tne change just
effected in the law, the statute confined savings banks in
making such investments wholly to the issues of muni
cipal corporations of this State, and even under the
change the number of outside issues added to the list
is very limited. As a result we find that whereas, ac
cording] to the Census of 1890, the total « county
Vol. LYI
debt” of New Y ork was $10,936,638, the total
“ municipal debt ” of the State was $187,348,163, and
the total “ school district debt” was $1,170,186 (an
aggregate of $199,454,987) the total investments in
these bonds on the first of January, 1891, by the sav
ings banks of the State was $134,422,738. In other
words, more than 67 per cent of the entire issues
of the cities, towns and counties of New York
State were held b,y the New York savings banks.
There could not be a stronger argument advanced
against the illiberal policy which has been pursued than
these large holdings of one kind of security present.
Indeed, the entire stock investments of the New York
savings banks at the date mentioned were, according to
the State report, only $292,347,359, and yet of this
$134,422,738 were, as we have seen, made up of what
we call municipal bonds. It would evidently be far safer
to have investments to a smaller extent local and more
distributed. This remark does not, however, reflect at
all upon the general character of municipal bonds. It
is the exclusive nature of the New Y ork State law
which has invited criticism ; for such a law unduly
fosters the issue of that kind of securities in the State
and encourages savings banks to take any they can
get— the poorest, because they net the best return, as
well as the best— thereby lowering the grade of the
securities issued and weakening the condition of the
banks which are shut in to purchasing them. Laws
of that character do not work out their evil results in
a few years ; they operate slowly, and we discover how
harmful they have been only when the mischief they
produce has become widespread.
But, as we have said, this does not at all reflect upon
the character of municipal bond issues. They are, and
they deserve to be, in high credit. Taken as a whole
the finances of the cities of this country are very pru
dently managed. Moreover, growth in population and
in wealth of these urban communities has been and
continues to be most astonishing, so that the ability to
issue a safe bond is all the time increasing. They de
velop, too, into centers of enlightened conservatism,
having higher ideas as to the obligation of a contract
than the States average, and being much less liable
than the rural districts to be carried away by any com
mercial or financial craze. Altogether, it is not sur
prising that municipal bonds should have been selected
by our law-makers as the safest class of security in
which to put savings-bank deposits, or that they should
find a ready market at high prices at a time when other
obligations are not easily floated.
THE FOREIGN-BORN E LE M E N T I N
PO PU LA TIO N .
THE
In the growth in population in the United States
the foreign-born element has, of course, played an im
portant part. Almost through our entire history as a
nation, immigration has been large, and duriog the
last decade especially the influx of foreigners has been
heavy. The movement has fluctuated more or less at
different times, and a variety of circumstances has
combined to promote its progress or affect its
proportions. Bad crops or business depression abroad*
good crops or business prosperity here, war or the
the fear of the immigrant o f being obliged to render
military service in the land of his nativity, the belief
that in this new country of almost bound lers area, and
as yet limited population, the opportunities of making
a livelihood and gaining a competency are very much
greater than at home, the feeling of hopelessness over
April, 1893.
STATE AND CITY SU m E M E flT.
the situation in the older countries by reason of the
density of population and the nature of their govern
ment— these have all been influences stimulating
a flow of foreign population to our shores, and
other influences might also be mentioned. It is of
course evident that when a foreign settler comes here
and finds conditions so much more favorable than at
home, he is likely to advise hi3 relatives and friends
also to come, and thus each new settler forms a nucleus
for further additions and growth.
The tide of immigration has in recent years been so
strong and has comprised so many undesirable classes—
there having been a distinct deterioration in the move
ment both as regards the nationality and the character
of the immigrants— that it has become a serious ques
tion whether the time has not arrived for restricting the
movement, so as to shut out the objectionable sort; and
this feeling is of course further strengthened just
now by the prevalence of cholera abroad and the fear
that the epidemic may gain a foothold in this country
if the immigrant arrivals are not checked. We do not
intend to discuss thi3 phase of the matter in the present
article. Our purpose is rather to show the proportions
of the fortign element in the population, its nature
and composition, and how it compares with former
periods in our national history.
The material for such an investigation is furnished
by a recent Census Bulletin. The Census of 1850 was
tbe first in which a distinction was made between per
sons of native birth and those born in foreign coun
tries. In the censuses since then the same distinction
has been kept up, so that now we have the record for
five Census periods. The Census Bulletin referred to
gives not only the total numbers of persons of foreign
birth at each date, but also their distribution through
the various States and geographical divisions, and like
wise their distribution according to the principal coun
tries of birth, affording thus very extensive data on the
subject, and, if the statistics could be accepted as cor
rect, throwing a great deal of light on tbe nature and
extent of this element in the population. The follow
ing table furnishes a summary of the aggregate popu
lation at each Census period from 1850 to 1890, and the
relation to the population which the persons of foreign
birth have borne at the samo periods.
TOTAL POPULATION OF UNITED STATES AND VI'URRR AND PROPORTION
FORE ION HORN.
Percent o f
Total
Per won* o f
foreign born o f
Teara.
population, foreign birth, total population.
HSO................................. *£.191.873
2.244.601
9*68
I860.................................
31.413.321
4.138.697
13*16
1870.................................
18?-0.................................
3-..V>m.371
50 155,"83
5.5*7.229
6,8-0.943
14 41
13 32
1 8 0 0 ................................
62,622,250
9,219.547
14*77
5
addition of 2,569,604 means of course the net addi
tions after deducting persons of foreign birth who died
during the ten years.
Assu ming the immigration
figures to be correct, obviously only one conclusion is
possible, namely that 2,677,009 persons of foreign
birth died in the ten years (5,246,613 immigr ants, less
2,569,604 net addition, giving 2,677,009,) or else re
turned to their native land. We need hardly say that
this is excessive ; the number of those returning to the
country of their birth being presumably small, it im
plies that out of a total number of persons of foreign
birth of 6,679,943 in 1880, 2§ millions, or 40 per cent
of the whole, died in the succeeding ten years. There
has from the first been strong reason for thinking that
the enumeration of population in 1890 had been faulty
and imperfect, and in the fact cited we have strong
evidence in support of that belief.
Even with an addition, however, of only 2,569,604,
the total foreign population in 1890 at 9,249,547 is
nearly 15 per cent of the whole population— in exact
figures 14-77 per cent. The proportion is larger than
at any previous Census period, and yet the difference in
that respect as compared with former years is much less
than would be expected. Thus, while the proportion
for 1890 is given as 14’ 77 per cent, for 1880 it was re
ported as 13*3-2 tier cent, for 1870 14-44 per cent and
for 1860 13-10 per cent. The inference suggested is
that the change during the last 30 years has been com
paratively slight, and during the last twenty years really
immaterial. Of course, however, the value of these
comparisons is affected by the considerations already
mentioned. We may suppose that if the enumeration
of population was perfect, the percentage of foreignborn persons would be altered and the comparison with
previous years also be altered.
Passing now to an examination of the nationality of
the foreign-born persons we find that the Germans, ac
cording to the Census tabulation, outnumber those of
any other nation, being reported as 2,784,894. Next in
order of magnitude, but almost a million behind, comes
Ireland, with 1,871,509. Those from Canada and New
foundland are third, with 980,938, and England with
909,092 is fourth. N o other nationality has as much
as half a million, though Sweden comes close to that
figure with 478,011; Norway has 322,665 ; Scotland
bus 242,231, and these cover everything above 200,000.
I f we combine Eugland, Scotland and Wales with
Ireland, we get a total from the United Kingdom of
3,122,911, which thus is largpr than the number owning
Germany as their place of birth, this latter being as
already stated, 2,784,894. Adding to the Germans,
the persons born in Austria, in Holland, ia Belgium,
in Switzerland and in Luxemberg, the total number of
Teutons is 3,119,583, which thus approaches very
closely to the total for tbe United Kingdom, though
still being slightly below it. The following table, taken
from the Census bulletin, shows the aggregates of each
nationality for 1890, and makes comparisons of the
same items with the four Census periods preceding.
Out of a total population in 1890 of 82,622,250,
9,249,547 were, according to these statistics, persons
bom abroad. In 1880 the number of foreign-born was
only 6,679.943, in 1870 but 5,587,229, in 1860 4,138,897, in 1850 no more than 2,244,602. The absolute
addition to the number of foreign bitth was larger in
the last decade than in any previous decade, which is of
course what we should expect. The addition was 2,569,804 in 1880-90, against 1,112,714 in 1870-80, 1,428,532 HE FO RETGN-BOHN POPULATION IN TIIE UNITED STATES, DISTRIBUTED
ACCORDING TO PRINCIPAL COUNTRIES OP BIRTH, 1850-1890.
in 1860-70 and 1,894,095 in 1850-60. The movement was
1870.
I860.
1850
1890.
1880.
Country o f B irth —
at itslowf at in 1870-80 when, following the panic of 1873, G'anadadt NTndl'nd 980,933 717,157 493.464 249.970 147,711
27,466
68.309
42,435
13,317
M exico...................
intense business depression prevailed here for a number South A m erica...... 77,853
3,263
1,543
3,5*5
4,566
5.006
11.570
5,772
7.353
16,401
23.256
<
of years. We are free to say that even at 2,569,604 Cuba nfe W. Indies... 1,871.509 1,85 4.571 1,855,827 1,611,304 961,719
[ i ela d ..................
England (a)......... 909,092
the addition for 1880-90 seems very small. The num Scotland................. 242,23 L 661.160 555,046 433,494 278.675
70,550
170.136 140,835 108,518
45,763
74,533
29,868
83.302
10u.079
ber of immigrants arriving here during these ten years W ales......................2,784.801 1,966.742 1,690.533 1,276,075 8583,774
Germany................
25/-61
946
38,663
30,5<-8
was no less than 5,246,613, and this does not include Austria (o) ............. . 123,271 68.090 4.6,*02 28,281
9,848
81,828
Holland...... ............
9.072
1,313
15,535
12,553
for the last five years of the period the immigrants Belgium................. . 22,639
53,327
13,358
88,621
75,153
Switzerland............. 104,069
12,678
coming from and through Canada and Mexico. The Norway.................. . 322,665 181,729 114,246 43,995
6
STATE AflS CITY SUfflEMENT.
Country o f B irth—
1890,
Sweden ................ 478,011
Denmark................ 132.543
Russia................... 182,644
Hungary................
62,435
Bohem ia................ 118,106
Toland...... ; ............ 147,440
France................... 113,174
I t a l y ...................... 182,580
S pain .....................
6,185
Portugal................
15,996
C hina..................... 106,688
Oth for’ yn c'ntriea.
54,385
1880.
194,337
64,196
35,722
11,526
85,361
48,557
10P.97V
44,230
5.121
6,138
104 468
43,244
1870.
97,332
30,107
4,644
>,737
40,289
14,436
116402
17,157
3,764
4,542
64.012
24,707
VoL LYI.
1860.
1850.
18,625
3,559
GROWTH OF SA V IN G S-B A N K DEPOSITS.
9,962
1.83S
3,160
1,414
In the demand from the savings banks, municipali
........................
......................... ties in the United States, as pointed out in a pre
7,298
.......
109.870
54,069 ceding article, find one of the principal
markets
10,518
3.645
4.244
3.113 for their issues of bonds, old and new.
State, city,
4,116
1,274
35.565
758 county, town bonds, &c., or public funds as they are
12,397
43,860
T o ta l................ 9,249,517 6,679,943 5,567,229 4,138,697 2,244,602
a Includes Great Britain, not specified
b Includes 10,549 persons
horn in Prussia.
c Returned in 1860 as one o f the German States.
The foregoing, if carefully studied, reveals some
very curious results. Thus the number of Irishmen is
reported as practically unchanged during the last three
censuses, being given as 1,871,509 for 1890, 1,854,571
for 1880 and 1,855,827 for 1870. In other words, we
are to suppose that there are practically no more Irish
in the country to-day than there were twenty years
ago. W e find ourselves unable to credit this, and we
doubt very much if anybody else will be inclined to
credit it. According to the Treasury Department the
immigrant arrivals from Ireland during the ten years
ending June 30, 1890, were no less than 655,482. E vi
dently a good many of the sous of Erin were not
counted by the Census authorities, which appears the
more singular as Irishmen mostly congregate in the
cities where an enumeration of the population, if con
scientiously made, should be comparatively easy, and
the liability to omissions reduced to a minimum. The
number of persons of Italian birth also appears ob
viously too small, being reported as only 182,580. We
think it would not be necessary to go very far out
from New York to find that number of Italians. In
1880 the number was given as 44,230, so that the in
crease during the ten years has been 138,350. The
number of immigrants from Italy during the same
period of time, according to the Bureau of Statistics,
was 305,869, or 167,519 more than the 138,350 addi
tion during the ten years. Of course some Italians died
in the interval, but as only 44,230 all told were reported
in 1880, it is obvious that 167,519 could not have died.
Evidently a good many Italians as well as a good many
Irishmen failed to come under the Census eye.
The Census Bulletin also contains a statement show
ing the distribution of the foreign-horn population by
nationalities among the different States and between
the different geographical divisions.
Of course the
same qualifications regarding the accuracy of the results
apply in this case as in the case of the figures already
given. Taking the statement as it stands, an interest
ing feature is the large proportion of the foreign-born
population found settled in the North Atlantic and the
North Central divisions. Out of a total of 9,249,547
foreign-born persons, 3,888,177 are reported lodged in
the North Atlantic section and 4,060,114 in the North
Central section. The South Atlantic section is credited
with only 208,525, the South Central with 321,821,
and even the “ Western " with but little over threequarters of a million— 770,910. It is important to un
derstand, however, that the designation Western in this
case really applies to what would ordinarily he termed
the far-Western and Pacific States, namely Montana,
Wyoming, Colorado, New Mexico, Arizona, Utah,
Nevada, Idaho, Washington, Oregon and California.
On the other hand, the North Central division really
compiises what we generally understand as Western
States— that is Ohio, Indiana, Illinois, Michigan, W is
consin, Minnesota, Iowa, Missouri, North Dakota, South
Dakota, Nebraska and Kansas.
sometimes termed, are a recognized form of invest
ment for savings bank moneys in the different States.
Of course certain restrictions and limitations are im
posed in this as in other cases, and in some of the
States a wider latitude and a more extensive choice are
allowed than in others. But within the legal limits
the savings banks are eager seekers after investments
of that description, and whenever a choice issue of
municipal bonds is offered for sale, the saviDgs banks
can be counted on to take the whole or a part of the
issue, and bond brokers in bidding for the same nearly
always do it with the idea of disposing of some of the
bonds to this bank or that, each broker usually having
his own bank or banks whose wants he knows and un
dertakes to supply.
Savings bank deposits thus have a public aspect in
more than one sense. They indicate wealth in a com
munity and reflect thrift and frugality on the part of
the masses of the population— those for whom the sav
ings bank was mainly created, and for whom it
is supposed chiefly to exist. There are to be sure
other indications of wealth and other means of in
vesting the savings of the poor, but in the older,
richer and better-settled communities of the East
the accumulations of such portion of the popu
lation are found largely in that form.
N o one
needs to be told that it is to the interest of every
community to encourage habits of thrift, for such
qualities give strength not only to the community as a
whole but also to its individual members. The State
is interested likewise in protecting these savings against
the unwise action of those charged with the adminis
tration of the banks, and it is for this reason that the
investments of the banks are specifically prescribed by
law. The public funds of the State where the bank is
domiciled, and of other States of good credit and
standing, have always been considered safe investments
for the banks. There is an element of mutual advan
tage, too, in such an arrangement. The savings bank
depositor, having accumulated a small amount of
money, wants to see it put out at interest in a safe and
proper way. A municipality, on the other hand, is in
need of funds for lajin g out a park, erecting water
works, building a sewer, opening streets, or making
various other improvements demanded by the times or
the growth of the municipality. I t therefore takes
(through the medium of the savings bank) the money
accumulated by the depositor, uses it for the purposes
mentioned, and thus affords him a return on his
investment, besides holding his principal secure.
O f coarse there are other forms of investments open
to the banks. These institutions are not limited—
speaking generally, without reference to any particular
State— to corporate stocks and bonds, though the
classes of investments vary widely in the different States.
Nor would it be desirable to have municipalities create
new obligations simply to provide employment for
savings hank deposits, that is, issue new borids as the
deposits expanded from year to year. That would be
like saviag money with one hand in order to dispense
it with great lavishness with the other. I t must not
be forgotten that no matter how beneficial the purpose
(
April, 1 9 .
83
STATE AND CITY S U m tM E K T,
for which^the bonds may be intended, the bonds after their funds, and the income, from such investments;is
ail represent a debt, that they entail an annual burden materially less than it was a few years ago. This con
on the tax-payers, and that this tax in the end falls dition, unless it can be relieved by enlarging the field
upon the whole community, including the depositors in for investments, must in the near future compel a re
savings banks.
Within proper limits, however, as duction of dividends to depositors.” In New Hamp
already said, there is an element of mutual advantage shire and Bhode Island the additions for 1892 are not
in the arrangement; within such limits, too, it may the largest on record, and yet in these cases, too, the
probably be accepted as true that an expansion in the deposits are steadily rising, and the 1892 aggregates ex
deposits of the savings banks means an expanding ceed those of any preceding year.
market for municipal bond issues.
In some of the Scate3 the heavy increase in deposits
Our chief purpose in this article i3 to direct atten for the late year is ascribed to a failure of many of the
tion to the marvelous growth which ha3 occnrred and investment and endowment orders which were so com
is still going on in these deposits. And the matter is mon a few years ago. These orders, it is claimed, di
interesting, not only because of the indications of verted deposits from the savings banks, and now that
wealth and of thrift which the deposits afford, but the results are seen to have been so different from what
also as bearing on the difficulties which the trustees of had been expected, it is supposed that the depositors
the institutions find in trying to secure remunerative are again returning to the hanks. . But the rea
employment for their funds under the great and steady son for the growth in deposits is not so important
increase in such deposits from year to year. By the as the growth itself. And furthermore, the growth has
statement for January 1, 1893, of the Superintendent of been continuous for a great many years past. The
Banking of this State, it appears that the increase in the amount of addition from year to year has varied
deposits of the New York State banks daring 1892 a great deal, but the tendency is constantly up
reached the large sum of #40,932,853. This is the ward, and with each succeeding year the banks have a
heaviest addition for any single year in the history of the larger volume of deposits to invest.
department. The largest previous increase was in 1872,
Very few persons have any idea how great the expan
when the amount of addition was #37,156,418. And sion in these as rings deposits has been daring the last
jet, as is known, there has been active opposition to two decades. The bulk of such deposits is, of course,
allowing the banks to extend the legal lim it of their found in the New England States and in New York,
municipal investments so as to include oities, towns, and for the purpose of indicating the extent of this
&c., outside the State, and until the present year all expansion we bare prepared an elaborate statement
the efforts directed to that end failed, while even the showing the deposits in the sections referred to for
new law opens the gate to oatside investments only a each year back to 1870. Oatside the States men
little way— admitting only seven cities, namely Boston, tioned the deposits are comparatively small, if we ex
Worcester, St. Louis, Cleveland, Detroit, Providence cept California. In the West and South there is less
accumulated wealth seeking investment than in the
and New Haven.
Nor is the growth in deposits confined to this State. rich communities of the East, and besides there are
In other Eastern States the expansion is just as pro other conditions and circumstances that restrict sav
nounced. While the scope of savings bank investments in ings deposits in those sections. We give the statement
such States is much more extensive than in New York, at the end of this article, where the variations in the
yet the savings institutions in these other States have totals of the different States and the changes from
come in direct competition with those of New York year to year may be studied and analyzed. To show in
on several large classes of securities, such as United a brief and graphic way the expansion which has oc
States bonds and State bonds. Turning to the report curred we take for presentation here the grand aggre
of the Massachusetts Savings Bank Commissioners, gates for 1870, for 1880 and for 1892, as follows.
which State next to New York has heavier savings AOORBOATB DEPOSITS UP SAVINGS BASKS IKNBW ENGLAND STATES AND
NEW TORK.
deposits than any in the Union, we find an increase for
1870.
1880,
1892.
8190,603,839
8751,780,709
$1,373,484,206
the year ending October 31, 1892, of #23,493,476,
I'rom a total of only 490 million dollars in 1870
which the Commissioners point out is the largest ever
there has been a rise to a total of 1,373 million dollars
made, excepting only in 1870 and in 1871, when the
increase was respectively #23,626,080 and #27,958,980. in 1892, In other words, during the twenty-two years
In Vermont an increase of #3,054,438 for the twelve there has been an addition of 883 million dollars. Even
months ending Jane 30, 1892, is reported, and an since 1880 there baa been an addition to the aggregate of
increase o f #5,344,177 for the two years ending the 622 million dollars. That is to say, the savings insti
same date, and this is stated to be the largest addition tutions of the States mentioned now have 622 million
in the same length of time since the organization of dollars more of deposits to invest than they had twelve
savings banks in the State. Vermont savings institu years ago. But that presents ouly one phase of the
difficulties under which the trustees of these institutions
tions are allowed a much wider latitude in employing
their funds than our own savings banks, but neverthe labor in trying to fiud investments for their funds.
While the deposits have thus been growing in this
less
the supervising State officer thinks that the
marvelous fashion, some of the securities in which
deposits “ are increasing so rapidly that undoubtedly
they are allowed to invest their money have undergone
some new lines of investment will have to be opened ’
almost equally marvelous contraction. Take United
to the banks.
States bonds for example. In the Census decade from
In Connecticut, too, the increase in deposits for 1892
1880 to 1890 the aggregate of the national debt was
is larger than for any preceding year, and as in 1 erreduced over a thousand million dollars. In the same
roont, though the scope of investments is much more
period the aggregate of the State debts was also
extensive than in New York, the Bank Commissioners
reduced. In county, municipal and school district
find themselves obliged to point out that the “ rapid
debts there was some increase during the ten years, but
increase of deposits has already made it a difficult task
on the whole in comparatively small amounts. The
for the banka to find legal investments to employ all of
8
0TATt
CITY SUm£tVf£m.
ehanges in these various forms of debt between 1880
and 1890 was shown in an article in our S t ate a n d
Ci t y S u p p l e m e n t for May, 1892, and we cannot do
better than reproduce here the following summary
taken from that article, the figures of course all being
baaed on Census compilations.
N ation al_____
State.............
County...........
Municipal......
School Dis’t...
-----Aggregate Debt o f Country.---- .
1890.
1880.
$891,960,104
$1,922,517,364
228,997,389
297,244,095
145,048,045
121,105,027
724,463,060
681,348,843
36,701,948
17,580,682
Total.......... $2,027,170,546
Increase or
Decrease.
—$1,030,557,260
—68,246.706
+20,943,018
+40,114,217
+19,121,266
$3,045,796,011
—$1,018,625,465
In the aggregate of all forms of Government debt,
there was a reduction between 1880 and 1890 of 1,018
million dollars. Between 1880 and 1892 the deposits
of the savings banks, we have seen, rose from 751 mil
lion dollars to 1,373 million dollars. Even these two
facts, however, do not reflect the full measure of the
change which has occurred. Contemporaneously with
the development of savings deposits the life insurance
and the trust companies have greatly extended
their operations. To be sure the investments of these
corporations are, on the whole, of a different character
from those for the savings banks, and yet some of the
investments are the same; the life insurance com
panies, for instance, have very large amounts loaned
S A V IN G S
BANKS
OF
X IIE
NEW
Vol. LYI
out on bond and mortgage, one of the prime forms of
investment for savings banks.
We now present the full detailed statement, already
referred to, of the deposits in the States mentioned, for
each year since 1870. Besides the amount of the deposits,
it will be observed we give also the number of depositors
and the number of institutions doing business in each
year. In the fluctuations from year to year a rather in
teresting fact is the falling off both in the number of de
positors and the amount of deposits in the period of
depression succeeding the panic of 1873, and lasting
until the resumption of specie payments in 1879. It is
also noteworthy that with all the great gain in deposits
there has been no corresponding increase in the number
of banks in existence; in fact, if we compare with
1875, there has actually been a decrease in number,
the aggregate for 1892 showing only 593 institutions
against 604 in the year mentioned. This is explained
by the weeding out of the weaker institutions and by
the fact that the more rigid supervision now exercised,
the strict limitation of investments, and the legal re
quirements which have to be complied with before
authority can be obtained to begin business, act to
deter new ventures, except where there is an actual
necessity for them.
ENG LAND
STATES
AND
NEW
YOKE.
NU M BE R OF DEPOSITORS OR OPEN ACCOUNTS, A N D NU M BE R OF BANKS.
M a in e .
43
49
54
56
58
04
60
60
59
59
55
55
55
54
54
54
54
54
55
55
54
53
53
54,155
69,411
81,320
91,398
96,799
101,326
90,621
88,661
77,978
75,443
80,947
87,977
95,489
101,822
105,680
109,398
114,691
119,229
124,562
132,192
140,521
146,668
155,333
Deposi
tors.
45 70,918 11
52 77,471 12
54 86,790 13
61 94.967 13
64 92,788 13
68 96,938 13
68 100,191 15
67 97,683 15
66 94,967 16
|00 87,279 16
67 89,934 16
64 96,881 *22
65 104.432 *22
66 113,167 25
67 117,317 *24
68 121,216 ‘ 26
67 125,273 *26
66 132,714 * 28
69 139,967 *29
69 145,021 *31
72 159,782 *31
73 166,264 *34
71 169,949 *36
Co n n e c t i
cut.
.
’syunff
1870...........................
1871...........................
1872............................
1873...........................
1874...........................
1875...........................
1876...........................
1877...........................
1878...........................
1879...........................
1880...........................
1881...........................
1882...........................
1883 ...........................
188 4...........................
1885...........................
1886...........................
1887...........................
1888...........................
1889...........................
1890...........................
1891...........................
1892...........................
8
6
!
Deposi f3
tors.
e
R hode
I sland.
Massach u
setts.
V erm ont.
1
5
New
H a m p s h ir e
Deposi
tors.
s
o
Deposi
tors.
p
q
117,741
114,186
116,843
121,274
125,403
27,667
29,481
31,528
32,117
32,655
34,869
38,379
42,583
46.318
45,837
46,778
49,453
53,810
57,520
61,759
65,759
72,702
80,740
139 488,797
160 561,201
172 630,246
175 666,229
179 702,099
180 720,639
180 739,289
179 739,757
1 68 674,251
166 675,555
164 706,395
165 738,951
166 772,518
168 806,010
168 826,008
171 848,787
172 906,039
173 944,778
176 983,202
177 1,029,694
179 1,083,817
180 1,131,203
184 1,188,936
S
O
«
p
q
26
33
36
37
37
38
39
39
39
39
39
39
38
38
•38
38
37
37
38
38
38
38
38
TOTAL
N. E n g l a n d
St a t e s .
N ew Y ork.
T o tal
N. E ngl ' d &
N e w Y ork.
s
o
c
c
Deposi
g
tors.
e
p
q
Deposi
tors.
oj
£
S
P
q
Deposi
tors.
*
Deposi
ts
tors.
p |
q
64
73
78
79
86
87
86
86
86
86
85
85
84
84
84
84
85
85
85
86
86
87
87
177.887 328
195,937 379
201,742 407
204,741 421
206,274 437
208,030 450
203,514 448
204,575 446
199,795 434
202,385 432
213,913 426
225,366 430
237,993 430
246,652 435
252,245 435
256,097 441
266.888 441
278,415 443
287,776 452
294,896 456
305,951 460
317,925 465
331,061 469
882,389
997,882
1,105,605
1,171,733
1,221,722
1,256,235
1,262,961
1,261,850
1,172,161
1.166.510
1,223,740
1,290,545
1,365,487
1,428,731
1,462,839
1,498,657
1,581,503
1,649,090
1,716,129
1,791,460
1,887,482
1,971,410
2.069.511
136
147
150
155
158
154
150
138
132
128
128
127
127
127
126
123
124
125
125
124
124
122
124
712,109
776,700
822,642
839,472
872,498
859,738
849,639
844,550
810,017
864,456
953,707
1,036,106
1.095,971
11147,588
1,165,174
1,208,072
1,264,535
1,325,062
1,362,852
1.420,997
1,477,819
1,516,289
1,593,804
464 1,594,498
526 1,774,582
557 1,928,247
5762,011,205
595 2,094.220
604 2,115,973
598 2,112,600
584 2,106,400
566 1,982,178 j
560 2,030,960
554 2,177,447
557.2,326,651
557 2,461,45*1
562 2,576,31$
561 2,628,01$
564 2,706,72<
565 2,846,03?
568 2,974,15:
577 3,078,98:
580 3,212,45’
5S4 3,365,30
587 3,487,69'
593 3,663,31
Deposi «
8
tors.
8
p
q
72,891
79>676
88,664
93,124
98,359
101,635
99,865
99,646
93,053
93,193
97,682
102,991
112,472
114,762
115,752
116,381
119,159
120,144
123,102
127,898
131,652
136,648
142,492
C f
O
AG G R E G ATE AM O UN T OF DEPOSITS.
iMaine.
1870..
1871..
1872 ..
1873..
1874..
1875..
1876..
1877 ..
1878..
1879 ..
1880 ..
1881..
1882..
1883..
1884..
1885..
1886..
1887..
1888 ..
1889 ..
1890 ..
1891..
1892..
,597,,888
,787,,802
,154,,333
,556,,523
,051,,963
,083,,314
,818,,764
,898,,432
,173,,112
,978,,139
'
,277, 6
,474,,554
,503,,889
,371,,868
,913, 835
, 111 , 600
,215, 071
,819, 643
,969, 663
,977, 085
,781, 166
,278, 452
397, 949i
New
Hampshire,
18,759,,461
21,472.,120
24,700,,774
29,671,,114
28,829,,376
30,214,,585
31,198,,064
32,338,
28,793,,947
26,282,,136
28,204,,791
32,097, 734
36,181,,186
39,124,,814
42,091, 596
43,827,,356
46,631, 913
50,292, 666
53,939, 079
57,300, 590
65,727, 019
69,531, 024
72,439, 660
Vermont.
Massachu
setts.
$
2 ,,745,779 135,745,097
3,172,525 ] 63,704,077
!
3,836,224 184,797,313
;
4,478,842 202,195,343
,
5,,011,831 217,452,120
6,004,694 237,848,963
,
0,670,670 243,340,642
,
6,815,828 244,596,614
,
6 ,,722,689
6 ,,753,104
7.,346,469
10 ,,659,485
12 , 675,269
14,,050,647
13,,724,291
13,,699,231
14,253,963
* 15, 587,050
no, 602,067
* 17, 801,328
* 19, 330,564
2 1 . 620,303
2 ; 674,741
4
209,860,631
206,378,709
218,047,922
230,444,479
241,311,362
252,607,593
262,720,146
274,998,412
291,197,900
302,948,624
315,185,070
332,723,688
353,592,937
369,526,385
393,019,862
Rhode
Island.
30.708.501
36,289,703
42,583,538
46,617,183
48.771.501
51,311,330
50,511,979
49,567,997
44,266,882
43,095,533
44,755,625
46,771,723
48,320,671
50,127,806
51,079,160
51,816,390
53,284,821
55,363,283
57,699,884
60,479,707
63,719,491
66,276,157
69,906,992
Total
Total
Connecticut N. England Neio York. New Englam
States.
<■New l ork.
£
55,297,705
62,717,814
68,523,397
70,769,407
73,783,802
76,489,310
78,524,172
77,214,372
72,515,468
72,842,443
76,518,570
80,522,300
84,942,410
88,098,384
90,614,623
92,481,425
97,424,820
102,189,935
105,850,079
110,370,962
116,406,675
122,582,159
130,686,729
259,854.,431
310,144:,041
350,595:,579
383,288i,412
404,900;,593
433,952,,196
438,064,,291
437,432.,119
385,332;,729
376,330,,064
398,151,,052
426,970, 275
452.934,,787
475,381,,112
493,143,,651
511.934,,414
540,008, 488
565,201, 201
590,24 5, 842
622,653,360
666,557,.852
699,814, 480
744,125, 933
230,,749,408
267,,905,826
285,,286,621
285,,520,085
303,,935,649
319,,260,202
316,,677,285
312,,823,058
299,,074,639
319,,258,501
353.,629,657
387,,832,893
412,,147,213
431.,080,010
437;,107,501
457,,050,250
482,486,730
505,,017,751
523,,677,515
550,,066,657
574,,669,972
588,,425,420
629,,358,273
490,603,83
578,049,86
635,882,20
668,808,49
708,836,24
753,212,39
754,741,57
750,255,17
684,407,36
695,588,56
751,780,7C|
814,803,161
865,0S2,0C
906,461,121
930,251,1?
968,984,6(
,022,495,2:
,070,218,9;
,113,923,3;
,172,720,0!
,241,227,8!
,288,239,9'
,373,484,2*
* Including Trust Companies.
t Returns for these years are very incomplete, the Ottauquecliee Savings Bank having made no rep<
as to the number of depositors in 1870; the Bradford, Burlington, Wilmington and Windham none for 1871; the Bradford, Burlingtc
Ottauquecliee and Windham none for 1872; the Bradford, Brattleboro, Nortlifieid and Vermont none for 1873; and the Bradford, Nortlifieid a
Vermont none for 1874.
+ Up to 1879 the deposits include the profit account, and there is no means o f separating that item.
N o te .—In the above the figures are given in each case for the end of the fiscal year; in Maine and Massachusetts the year ends October 2
in N ew Hampshire and Vermont June 30; in Rhode Island Nov. 17, or thereabouts; in Connecticut Sept. 30; and in N ew York Deo. 31.
9
Debts
and
O IF 1
Resour ces
T H
, C it ie s
NEW
E
m
b
T ow ns
ENGLAND-
IN D E X FOR T H E N E W E VG LA N D STATES , CITIES, Etc.
M AINE—State, Cities,
..............................Pages 9 to 19 MASSACHUSETTS—State, Cities. &c......... Pages 18 to 38
S E N HAM PSHIRE-Stole. Cities. &c. - Page*IS to 18 RHODE IS LA N D -State, Cities, & c ......... Pages 33 to 35
VERMONT—State. Citra.,. &c..
. ............Pages
15 to 17 CONNECTICUT—State, Cities, &c.............. Pages
35 to40
State of Maine.
ITS
DEBT, RESOURCES, Etc .
Admitted a* a State (A ct March 3 ,1820;
March 15. 1820
Total area of State (square miles)
.
.
.
.
33,040
State Capital
.......................................... Augusta
Governor (term expiree 1st Wed. Jan. 1898), Henry B Cloves
Secretary of State (terra expire* *Jao,, ’SW Nicholas Fessenden
),
Treasurer (terra expires *Jan. ’98),
George L . Beal
Legislature meets biennially in odd year-, on the first Wednes
day in January, and there is no limit to length of sessions.
* I* (Shown by LogtriaGiie-
HISTORY OF D E B T.—The dwtriet « r Maine belonged to Masaaelm«ett* until admitted a* * state in ts-jo. At that time the debt o f Mas•aebusetta (contracted mainly during the War Of 1812-15 with Groat
Britain for the purpose o f aiding the Federal Government) was $678,393 41. Maine :v-* tin -1 nor '.bird. <w *229,130 Of this debt, a t time o f
neparatlon.' From Ui Ib beginningMaine xnwlually Increased Its lndebtne-w until on December 31. t - tt, when It reached $1,734,881-17.
These addition* were contracted fi> partly f « r an Insane hospital; (2)
parity for primary school*; <3> partly for expenses incurred trader the
border difficulties; ( I ) partly to encourage agriculture.
This last object wm unique In character. The climate o f Maine being
little adapted to agriculture the activities o f the people at the time were
chiefly confined to lumber, navigation and flabing. But the Govern*
merit Indulged the belief that It was fo r the Interest* of the State to
encourage the growth o f wheat and corn by paying a bounty, which
amounted to about eight cent* per bushel on wheat and fonr cents on
corn. In one year the wheat raised was 1.107,849 bushels and the
bounty paid 997,393 30; the corn raised wo* 1,030,908 bushels and the
bounty paid was $89,928 -tO, making together .$153,081 76 fo r bounty
In that year. As the population o f Maine In 1840 was only 501,793 the
debt In 1811, as given alto re, must have very nearly equaled 3 hi dollars
•per head of her population.
Fortunately, when this herders bad become so considerable a new
source of Income name to the relief o f Maine. In the course o f the con
troversy imtuo-on the. United State* and Great Britain in relation to the
Mouse boundary, money* were received by sgmste of Great Britain
whirl, were canned to a fund called Use “ Disputed Territory Fund.’’
B y the Treaty o f Washington that fund was accounted for to the United
States, this Government undertaking to -- ttle with Maine for its -har ‘
and also for one-half o f $300,000 (which Great Britain paid for ceded
right*!, the other hatf going t< Ma»<ichn*etts. As a result o f these
>
payment- and of o tte r revenue incidental to the same transaction,
there remained a balance in the Treasury o f Maine on Jan. i. 1844, of
s i- - ‘
From that date the material Interests o f the State were
highly prosperous and progress was rapid. An Important feature was
the enlarged income from piblf© land*, their sale being facilitated and
their value innrenaerl by the -.-iilement o f the boundary question.
Altogether, a debt that bad so recently looked so fortnldable began to
* On July ", 1870, Congre— voted to Massachusetts
w i r i,r this ,icii» In - 1n •faction o f the claim, and
Wtn Was e t v « » to-M«inft (Among the miseellaneaiis
the IT. 8. Government (hi* item wilt be found.$678,302
« i » ! Report, 1871, page 4.
the entire face
one third of tile
expenditure* of
41.) See Flnan-
disappear, fo r as rapidly as it fell due, or could be bought on reason
able term*, it iv j - paid, the total having been in these ways reduced by
Jan, I. 1810, to $1.27-1,285.
The only other notable change in Maine’s public debt which we need
mention was made during and subsequent to, but in consequence of,
■H - Civil Will. There, were a number of these loans, the last being the
U
i—ue ioi-ih, •v iiiiu lizat ion o f municipal wardobt,” the rigbttoissue which
was obtained through an amendment to the Constitution of the State in
1*0--. A provision of thi» amendment urn* that the bonds thus author
ize 1should not exceed $3,500,000. and the highest issue reached under
i be amendment was, we think, $3,352,000. On the last day o f December
186!) the total Slate debt was reported at $8,100,000, and all but about
$330,000 nf that amount, was contracted for purposes connected with
the war. Since then the reductions have been large, the total outstand
ing ,u lebtedtiess of the State on the llrst day o f Jan.. 1891, amounting
to only $3,1502.300, the details o f which are as below. It is an interesfcing fact. Indicative of the high credit of the State, that iu March 1889j
on advertising for proposals for the purchase o f $2,560,000 bonds,
interest "Lily 3 per cent, the whole amount was taken at a considerable
premium, the $1,670,000 of the June issue atlO S ig and $684,000 o f
the October Issue at 103. The whole State debt matured in January,
1* St). :t ml all that was not paid was refunded into the follow ing loans
payable by instalments, part each year.
LOANS—
— Interest.— - —- —— Principal.OutslancVg.
When Due.
NAME and PURPOSE.
Rate. Payable.
t,
Reissue Doan. 1889 “ A ." 3 J S D$ . ue 1, 1893-1901
$297,000
( $33,000 yearly.
Original, 1864.
June 1, 1902-1911
500.000
Do
Class **B," .1 J & D j $50,000 yearly.
June 1, 1912-1921
500.000
Do
Class “ C.” 3 J & 3>| $50,000 yearly.
June 1, 1922-1929
280.000
Claes ‘D." 3 J St D J $35,000 yearly. )
Do
Reissue Loan.,1889 ‘ •A.” 3 A & 0 5 Oct,. 1,1893 to 1901)
153.000
$17,000 yearly, j
Original, 1809Oot. 1,1902 to 1911)
200.000
Do
Class B ” 3 A &
° \ $20,000 yearly. )
Oct. 1,1912 to 1921 ?
280,000
Do
Class “ O” 3 A St 0 j $28,000 yearly. <
Oct. 1,1922 to 1929)
24.000
Do
Class " D " 3 A St 0 j
$3,000 yearly.
(
118,300
.Tune 1, 1919
J & D
Bonds to State College.. 5
100,000
July 1. 1917
4 J Sc J
Do
do
do
50.000
July 1, 1917
Bond to Insane Hospital. 4 J St J
P AR V A L U E OF BONDS.--The bonds issued in 1889 are for $1,000
or multiples thereof.
IN T E R E S T - W H E R E R A Y A B L E .-S ta te Treasury, Augusta, Me.
T O T A L DEBT, S IN K IN G FU ND, & C .-T h e subjoined statement
shows Maine's total funded debt on the first, of January of each o f the
last three years.
1893.
1892.
1891.
Bonded debt on January 1 ......... $2,506,300 $2,552,300 $2,602,300
Temporary loan................ - ........ *
300,000
300,000
300,000
In January 1889 the debt amounted to $3,967,900. A t the same
date the accumulations o f The sulking funds valued at par were $972,530, all of which was applied to the redemption of bonds. There i e
now no -inking fund, but as the yearly instalments of the debt mature
they are to be paid out o f income from taxation.
ASSESSED V A L U A T IO N .—The State’s assessed valuation is de
termined at intervals of ten years. The last rating was in 1891»
when the valuation of real estate was $233,895,031; of personal prop
erly, $75,201,010; total valuation, $309,096,041. The total valuation
in 1 881 was $235,600,000. The State tax rate for 1891 and 1890 is
$2-73 per $1,000; for 1889 and 1890 it was $2-25; for 1886.1887,1888,
and J 889 it was $2-75; for 1885 and 1886 it was $3*75, and for 188S
and 1884 it was $4*00.
10
STATE Ann CITY SUfTiEMEWT.
D E B T L IM IT A T IO N S . —Constitutional and statutory limitations
restricting municipal indebtedness have become quite a feature since
the crisis of 1873. In the States where these limitations are provisions
in the Constitution, of course debts contracted in excess of such
limitation are absolutely void.
In Maine the amendment to the
Constitution took effect January 2,1878, and is in the following form
and words. “ Article X X II. Limitation o f Municipal Indebtedness.
“ No city 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;
1 provided, however, that the adoption o f this article shall not be
1
Mi construed as applying to any fund received in trust by the said city
“ or town, nor to any loan for the purpose o f renewing existing loans*
u or for war, or to temporary loans to be paid out o f money raised by
“ taxation during the year in which they are made.” The meaning of
the foregoing is obvious and needs no comment.
S A V IN G S B A N K S ’ I N V E S T M E N T S -P O W E R S A N D R E S T R IC
T IO N S .— The statutes of this State are in some respects quite liberal
Vol. LVI.
there were 13 loan and trust companies having certain banking
privileges. These 13 institutions in October 1892 had aggregate
capital o f $1,069,800, aggregate deposits o f $3,004,801 and $211,721
surplus and profits. The savings banks are numerous, and their
deposits heavy and steadily increasing, as per the follow in g:
1892.
1885.
1880.
1875.
Savings Banks.
Oct. 31.
Nov. 2.
Nov. 1.
No*.
Number of banks___
53
54
55
63
Number o f depositors 155,333
109,398
80,947
101,326
Amount of deposits.$53,397,949 $35,111,600 $23,277,676 $30,757,651
Surplus and profits.. 3,362,937
2,154,488
2,013,600
1,153,010
Average each deposit
344
321
288
304
Assuming that there wore no trust companies in 1885, the total
deposits in all the institutions o f the State witli banking privileges
have increased from $44,434,693 in that year (1885) to $69,405,193 in
1892. That is to say, the growth in deposits has been over 50 per
cent in seven years.
P O P U L A T IO N O F S T A T E . — As noted above, Maine was not
admitted as a State until 1820. But even while the district was a part
of Massachusetts the Census figures were kept separate. In 1790 th©
population was 96,540; in 1800 it was 151,719. Since the latter date
the number at each decade has been as given below.
1890............... 661,086 1860.............. 628,279 I 1830................399,455
1880............... 648,936 1850.............. 583,169 1820................298,269
1870............... 626,915 1 84 0............ 501,793 | 1810................228,705
The small decrease in population, instead o f the usual increase, from
1860 to 1870 was due wholly to the Civil War. Losses from that cause
came not alone from actual casualties while in the service; many died
who were discharged sick, and many others died within a year or tw o
after the war closed from diseases contracted by exposure and hard
ship. No doubt, also, the withdrawal from domestic life o f so many
men decreased births. In 1870-80 increase in numbers was 22,021, or
3*51 per cent, and in 1880-90,12,150, or 1*87 per cent.
with regard to the kinds o f investments permitted. A suggestive feat.
Ore is the freedom granted these institutions for savings to deposit
money in national banks and receive interest therefor, to loan money
on national bank stocks, and to buy and hold national bank stocks
without exoeption as to the part of the country in which the bank is
•ltuated. There is of course a limitation as to the amount of holdings
o f any one bank stock, either for loans or fo r investment, while the
statutes are rigorously strict in all administrative matters, such as
making reports, submitting t6 examinations, disclosing every detail as
to investments, &c.
The general previsions respecting investments are found in Sec . 100
of Chapter 47 o f the Revised Statutes of the State, and are as follows:
Section 100.—Savings banks and institutions for savings are
restricted to, and hereafter may invest, their deposits—
(1) In the public funds of any o f the New England States, including
bonds o f the counties, cities and towns o f the same.
(2) In the public funds of the United States and District of Columbia.
(3) In the stock o f any bank or banking association incorporated
under authority o f this State or o f the United States.
Citie s , Counties a n d T owns
(4) In the municipal bonds o f cities of ten thousand inhabitants, or
more, o f the States o f N ew York, Pennsylvania, Maryland, Ohio, Indi
IN THE
ana, Kentucky, Michigan, Wisconsin, Minnesota, Iowa, Illinois, Mis
souri, Kansas and Nebraska, and in the public funds of each of the
above-named states, and in the bonds of counties in the said states
S T A T E OF M A IN E .
having twenty thousand population when not issued in aid o f railroads;
provided that no investment shall be made in the bonds o f any cities or
counties of the States above named, except the City of St. Louis, Mo.,
A R O O S T O O K C O . — W. A. N ickerson , Treas.
where the municipal indebtedness o f such city or county exceeds live
per cent o f its assessed valuation.
County seat is Houlton. The Bangor & Aroostook Railroad, now in
(5) In frho first mortgage bonds of any completed railroads o f the
states above named, together with N ew Jersey, Kansas and Nebraska,
process of construction, is entitled b y act o f Legislature to $20,000 of
and in the first mortgage bonds o f the Central Pacific, Union Pacific
county bonds fo r every five miles of road graded. Total amount of
and Northern Pacific railroads, and in the railroad bonds o f this State.
bonds w ill probably be $450,000, of which $60,000 have already been
(6) In the stock of any dividend-paying railroad in New England.
(7) In the stocks o f any railroad company in this State unincumbered
ssned as per detailed statement below.
by mortgage.
LO AN S—
When Due. Floating debt.......................$2,000
(8) In the mortgage bonds of any water company in this State
Total debt Jan. 1, 1893.......92,000
BoiLDrao J a il —
actually engaged m supplying to any city or cities, town or towns, 4s, Aug., $30,000.Aug.l,J99 to 1909 Total debt 1890...................64,838
village or villages, or other municipal corporation, water for domestic
Interest is payable in Boston.
R a il r o a d A id (B. & A. R R .)—
use and for the extinguishment of fires, wherever such company is 4Ljs, M&8, $60,000................ 1912 Population in 1890 w a s ___ 49,589
earning more than its fixed charges, interest on its debts, and its
running expenses.
(9) In the stock and bonds of any other corporations incorporated
under authority o f this State which earn and are paying regular divi A U B U R N . — W. G. L owell , Mayor.
dends of not less than five per cent a year.
Auburn is in Androscoggin County
(10) And may invest by loan on first mortgages o f real estate in this
State and New Hampshire not exceeding sixty per cent o f its v a lu e ;
When Due.
When Due.
LO ANSLO AN Sand may loan to any county, city or town thereof.
16,000.. .July 1, 1893 4s, J & J $23,500. ...Ju ly 1, 1904
5s, J & J
(11) And may loan on notes with a pledge as collateral of any o f the 5s, J & J
15.000. .. .July 1, 1905
.July 1, 1894 4s, J & J
14.500..
aforesaid securities, including savings bank deposit books o f any 5s, J & J
18.000. ...J u ly 1, 1906
5,000.. .July 1, 1897 4s, J & J
savings bank in the State, and the stock of any o f said railroad com 4s, J & J
10.000. . .July 1, 1898 4s, J & J 10 , 000 . ...Ju ly 1, 1907
panies, not over seventy-five per cent of the market value of such stock. 4s, J & J
14.000. ...Ju ly 1, 1908
15.000. .July 1, 1901 4s, J & J
.
(12) And may loan to corporations having real estate and doing busi 4s, J & J
13.000. ...J u ly 1, 1909
15.000. .July 1, 1902 4s, J & J
.
ness in this State.
17.000. ...J u ly 1,1911
4s, J & J
25.000. .July 1, 1903 4s, J & J
.
(13) And may also loan on a pledge or mortgage o f such other per
T O T A L D E B T , S IN K IN G F U N D , E t c .—Auburn’s total debt on
sonal property as, in the judgment o f the trustees, it is safe and for the
interest o f the bank to accept.
Jan. 1,1892, was $218,200; deduct sinking fund, $75,000; net debt#
(14) A ll investments shall be charged and entered on the books o f the $143,200. The sinking fund is invested in Lewiston & Auburn R a il
bank at their cost to the bank, or at par when a premium is paid.
road stock, paying 6 per cent. The city has no w ater debt.
Besides the foregoing. Sec . 101 provides that any bank may hold real
A S S E S S E D V A L U A T IO N .— In 1891 the assessed valuation o f real
estate not exceeding five per cent of its deposits, but no part o f that
estate was $4,938,563; o f personal property, was $1,180,792; total,
amount shall be invested otherwise than for the purchase o f a building
or site for banking purposes, and in that ease the total value o f site and $5,719,755. T ax rate (per $1,000) $20-00. In 1890 the assessed v a l
uation of real estate wa3 $4,000,000; of personal property, $1,building must not exceed one hundred thousand dollars. Then follow
200,000; total $5,200,000.
The actual valuation was given as
tw o other sections, both of which are important.
S ection 102.—N o such bank or institution shall hold, by way of $10,000,000. T ax rate (per $1,000) $21.
investment or as security for loans, or both, more than one-fiftli of the
T A X FREE.—A ll issues o f this city’ s bonds are exempt from taxa
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 tion.
any corporation, nor have more than fifty per cent of its deposits in
P O P U L A T IO N .—In 1890 the population was 11.253; in 1880 it was
mortgages o f real estate. This section and the two preceding do not
apply to real estate or other assets acquired by the foreclosure of a 9,556; in 1870 it was 6,166.
mortgage thereon, or upon judgment for debts or in settlements to
secure debts.
A U G U S T A . — M oses R. L eighton , Mayor.
Sectio n 103.—Savings banks may deposit on call in banks or banking
associations incorporated under the authority of this State or th3 laws
This city is in Kennebeck County.
of the United States, and receive interest for the same.
LOANS—
- Interest,— .
—
.
------------ P rin cip a l---------- It is also provided (Sec. 104) that no loan shall be made directly or
name OR PURPOSE
P- Ct. Pai/able.
When Due.
Outstand’g.
indirectly to any officer o f a bank, or to any firm of which such officer
Funding
6
J & J
1893 to 1905
$78,000
Refunding........................ 5
F & A
Feb. 15, 1902
0,000
is a member, and furthermore (See. 105) that no gift, fee, commission
do
........................ 4
J & J
July 1, 1900
6,000
or brokerage shall be received by any officer o f a savings bank on
do
........................ 4
E & a J
™
“
7 | 185,000
account of any transaction to which the bank is a party.
B A N K S -N A T I O N A L , S T A T E A N D S A V IN G S IN S T I T U T I O N S .
—Banks have not increased very greatly in number or capital during
the last seven years, but the additions to the deposits o f both nationaj
an l savings banks have in the same period been quite large. W e give
first the figures for the ordinary commercial banks.
,-----------1892.----------- >
-1885.National.
Slate.
Nalional.
State.
M a in e .
(Dec. 9, ’92.)
(Dec. 24,’85.)
Nurn her o f banks......
81
71
C a p ita l..................... $11,110,000
...........
$10,360,000
Surplus and profits... 4,443,401
...........
3,837,631
Deposits, individual.. 13,002,443
...........
9,323,093
It will be seen from the above that there are no State commercial
banks in Maiue in the ordinary sense. A t the close of 1892, however,
IN T E R E S T and principal of all the 4 per cents payable at the
Maverick National B ank of Boston, and o f other bonds at City Treasury.
T O T A L D E B T , ETC.—Total funded debt March 11892 was $278,000; floating debt at date mentioned was $51,000; total debt, $329,000.
ASSESSED V A L U A T IO N .—In 1891 the assessed valuation of real
estate was $3,681,895; o f personal property, $1,517,690; total, $5,199,585. The valuation for State taxation in 1891 was $8,152,360.
T ax rate (per $1,000) $23 75. In 1890 assessed valuation was; Real
estate, $3,599,120; personal property, $1,533,689; total, $5,132,809;
ta x rate $21 (per $1,000).
P O P U L A T IO N ..—In 1890 population was 10,527; in 1880 it was
8,665; in 1870 it was 7,808.
April, 1893.
M / M N S -C IT IE S
B A N G O R . —H. F.
T e f f t , Mayor.
Bangor is in Penobscot County.
LO A NS™
-— /nlerwl NAME AND PURPOSE.
P- CA Payable.
Principal
When Due.
Outstand'g.
Cl tv debt “’ A " 1S02........ ... 4
MT& S Nov. 2, 1912
$50,000
“do
“ X ” 1^74............... 0
J &J
Jan. 1, 1894
100,000
Trust funds......- ........ .......4*2-6
—
. . . . _____
91,575
t loan. “ L," 1775........... 0
.1 A J
July 1, 1905 500,000
Kaiiroad loans, secured to
city b y first mortgages—
Bangor A: Ptscatuuuis'RR..... 7
A & O Apr. 1, 1899
325,000
0
A A O Apr. 1, 1899 600,000
European A 3To. Amec. U R .... 6
J &J
Jan. l , 1894 1,000,000
P AR V A L U E O F B O N D S.—The water bonds and the Bangor &
Piseatiniui* BE. bonds it re for $500 and multiples thereof; all .the other
bonds fo r $ 1,000 each.
IN T E R E S T - W H E R E P A Y A B L E .—Interest on aU issues is payable
at the option of the bt>nillM»lder* either at the Merchants’ National
Baltic, in Boston or at the office of the City Treasurer in Bangor. ■
T O T A L D E B T, S IN K IN G FU N D , E T C .- T h e subjoined state
ment shows Bangor's total debt, the sinking fund held by the city
against the .mate* the wafer debt, and the city’s floating debt, on the
dates mentioned.
Jan. 1, 1893, Mch. 1S91.
Total direct liabilities «; minding water debt). $774,575
$768,32-5
Railroad aid bonds, contingent liability
.... 1,925,000
1.925,000
Total debt
... . ........................
..$2,699,575
Assets (he., sinking fund, cash, etc.)_________ 2,323,469
$2,693,325
2,291,916
Net debt on. March 12 -- ............... ......... $376,106
$101,409
$79,149
Cash and uncollected claims firePed in assets.
$71,346
$500,000
Water debt included in above to te !. .. .. . ......
$500,000
$33,000
Floating debt included in above total) ......
$16,750
The sinking fund consists o f $ 1 ,000,000 of the European & North
American Railway Company’s 1st inert;
s 6 per cent bonds, due Jan.
1,1894; o f $600,000 o f the Bangor A Piscataquis 8 per cent bonds, and
o f #325,000 o f it# 7 p er cent bonds, ail due Ap ril 1, 1899. These
securities were set aside by city ordinance o f Jan. 7,1890, as security
for the city*# tw o railroad, loans. Tbe European A North American RE.
U leased to the Maine Central KB.* which pays interest on the bonds.
The Bangor A Piscataquis RR. owns from Okltown to Greenville, Me.,
77 miles, and a. branch to the Bangor < Kiitohdin Iron Works, which is
fc
10 m illio n * . The line was leased to the Bangor A Aroostook Railroad
on April 1 ,1892, for 999 years, and the annual rental is just about
sufficient to cover the interest on the bonds o f the city issued for the
c on tra ctio n o f the B .& P.
A V A IL A B L E A S S E T S .- T h e city own# its water works, which in
the year 1890-01 had gross earnings* o f #>15,087 flncludiug amount#
■Charged city itopartiueiitsy; operating expenses, $22,767. Interest on
city water feon*l4 was $29,535. The city also owns an electrie-lighi
plant and #200,C»0O stock majority interest) o f the Bangor A Plseataqula RR. Co. The city's real estate, water works and the electric-light
plant are together valued at #860,300,
ASSESSED V ALU ATIO N .-The citya .i * c h valuation (about
*
I
•etca) valtta) and tax rate have been as follow)
Total
Stilt, o f T or
Ileal
Yuim.il ion. per $ 1 ,000.
Ft
BMutr. ■
Yem*.
$2 i *50
,670,3*21
$ 1 1 .,782,461
JK>2«037
1802..___ ...
4
1 1 . 09,061
22*00
3.,503,274
3.,158/288
I*!K l ..... ____ 7,151,830
10. 1 0 ,1 1 8
3
5,
1
9.,954,650
1889...,,, . . 6,055,250
9.,773582
21 *<id
I * * '* ....... ...... 6.835,155
%,1hw, 427
22*50
,858,872
9,,029,920
1 887...... . . . . . 6,771,048
2,
the population mm 19,103; I d I860 It
P O P U L A T IO N .—In
TOW NS,
11
The assets as above given included on March 1,1891, Maine Central
RR. guaranty o f bonds, $425,000; cash and bonds received from the
Penobscot Shore Line RR. Co. for lease of K nox & Lincoln RR.,
$560,918 ; cash in treasury, $11,137; collectible taxes due and unpaid^
$22,000; total, $1,019,055.
K nox & L in c o ln R a il r o a d .—In September 1890 the K nox &
Lincoln Railroad was leased for 1,000 years to the Penobscot Shore
Line Railroad Company, receiving in lieu o f rental a single cash
payment o f $74,820 and $486,000 of 4 per cent 30-year bonds.
ASSESSED V A L U A T IO N ,—The city’s assessed valuation and tax
rate in 1880 and later years have been as follo w s:
Meal
Personal
To tal
Mate o f Tax
Years—
Estate.
Property.
YahiaMon. per $1,000
1 8 9 0 ...............$2,925,770
$3,102,594
. $6,028,364
$24*90
1889 .......
2,918,970
3,084,195
6,003,165
21*50
1888 ............... 2,886,895
3,227,075
6,113,970
21*00
1880............... 2,693,750
3,881,469
6,575,216
25*00
P O P U L A T IO N .—In 1890 population was 8,723; in 1880 it was
7,874; in 1870 it was 7,371.
ROBERT F. DUNTON, Mayor.
N. F. HOUSTON, Treasurer.
Belfast, is in Waldo Couuty,
LOANS—
— Interest.— . .-------------Prineipial.-------— .
NAME AND PURPOSE.
P. Cl. Payable.
When Due.
Outstand’g.
Railroad l o w ................... 6
F & A
Aug. 15,1808
8498,700
< Aug. 15,1932 )
F & A - Subject to call, >
5
113,100
Municipal loan.
(a ft. Aug, 15,’9 2 ,
IN T E R E S T —W H E R E P A Y A B L E .—Interest is payable in Boston
and Belfast.
T O T A L D E B T, A S S E TS , Et c .—T he city’s total debt on January 1 ,
1893, was $611,800; deduct $500,000 Belfast & Moosehead Railroad
stock, net debt. $111,800. Of tbe railroad stock owned by the oity
! ,396 shares are preferred and 3,601 common. Belfast has no water
debt.
ASSESSED V A L U A T IO N .—The assessed valuation for 1891 (the
same as true value) was as follow s: Of real estate, $1,831,020; of personal property, $325,847; total, $2,656,857; tax rate (per $1,000),
$19. The total assessed valuation in 1890 was $2,623,207; ta x rate.
$1900.
P O P U L A T IO N .—In 1890 the population was 5,294; in 1880 it was
5,308; in 1870 it was 5,291.
BELFAST.
B R U N S W I C K . —J. P. Winchell, Treasurer.
This town is ill Cumberland County.
I dans—
When Due, j Floating debt................. $54,000
B ridg e B onds .
) Total debt Jan, 1,1893..
88,000
t« m a x $3,000 ......$500 yearly I Tax valuation, r e a l........ 2,497,810
T o w n H i u B onus .
Tax valuation, personal. 909,993
Is .IA.I, $31,000......$1,000 yearly I Total valuation 1891.......3,407,803
rempm-’ v loan, i & f» p.e. $54,000 f Tax rate (per$1,000)......
$15-00
Boit,led d e b t .............
$34,000 j Population 1890.................... 6,012
IN T E R E S T on the bridge bonds is payable in Brunswick, and on the
‘ own bail bonds In Boston.
B U C K S P O R T . — W.
F e n w ic k ,
Town Clerk.
This town is in Hancock County.
Bonded debt (lilt, refn s). $135,300 I Assets...........................
Flout ill" debt
... -......
11,101 Tax valuation ............. I,0a7,500
Total d eb t. - I . ............... liO M O l I Population to 1890... .
2,921
; C A L A I S . —c. A. McCullough , Mayor.
This city is In Washington County.
--------- -Principal.---- — .
LO AN S—
^—Interest.—
E X P L A N A T O R Y O F BONDS. T h « fund# tor the payment of inter- ! NAME OR PURPOSE.
P.CI. Payable.
When Due.
Outstand'g
on the Kuropaiin & North American Railroad Company's bonds are I Railroad lo a n ............... 6« J & D
.
.........
$95,d00
..
( v 5 Sept. 1,1887 to 93 ?
,
c nno
p P itld w l by the Maine Central Itai iroiwl Company, which leases the
| Loan of 1881-.............. 45 M Sc
$[,500 annually. $
5,000
road. Since October, 1886, m «nM above, the Bangor Sc PhM5
ata*jnJs
i
f f Tk ^Hoc. 1, 1892 to ’98 ?
rr non
Railroad Com
pany ha* paid It* coupon* to the city In full.
Loan o f 1983......
^
J & r M $1,000 anminUy. J - 7’ ouo
Loan of 1890................ 4a F & A '
Fell. 1. 1900
9,000
IN T E R E S T —W H E R E P A Y A B L E — Interest is payable as follows
B A T H . — F ritz H. T w i t c h e l l , Mayor.
On 1Kinds marked (a ) at Globe National Bank, Boston. On bonds
Bath Is a shire town o f Sagadahoc County.
The ta u e of the Knox Sc Lincoln RR. In September, 1890, brought marked lb ) at Maverick Bank, Boston, and on bonds marked (c ) at City
the City o f Batl* $ |
.8fJ,0CJ0:o f 4 p er cent bonda ami $74,820 In cash. At Treasurer's office.
T O T A L D E BT A N D IS IN K IN G F U N D .-T h e total funded debt
the same time the Maine Central Railroad Company ha* been paying
b
o ff the Auffroaeoggl n Railroad Coin pan 'a bom as they mature, so .famuiry 1, 1891, was $117,500. The city has no water debt or
h
L l t » leb t In detail is as sinking fund.
that the city*# finaucml position la
ASSE SSE D ] V A L U A T IO N in 1890 was $1,732,056; tax rate per
follows
IjmL.. —
.—— $1,000, $19*50; in 1886 the assessed valuation was $1,955,567; ta x
.
LO ANSOuJMlatuTff.
When Due.
NAME- AHD PURPOSE. I f t . h im M e.
$ 121,000 rate, $19.
Oct. 15,, 189<0
1C Sc t . RR. #4emk.......... 6
A St O
P O P U L A T IO N .“—Population *T *890 was 7,290; in 1880 it was
1
78.000
,
July 1 , 1807
J & J
Mnnleipal. bonds. ........ . 5
100,000
July 1,, 1007
do
*lo . .......
4% J A J
374,300 6,173 ; in 1870 it was 5,964.
July I , 1021
.do
ref’iimllng. 4 J A- J
11.000
1008—1078
0
OM Ladle# Maine___
C A M D E N , — A. D. Chemfhbx , Town Clerk,
Railroad Aid Bonds—
25,000
Apr. 1, 1893
0
A & o
Arntroseoggiii EE
This town is in K nox County. Camden has petitioned the Legislature
5 1893 to 1899 j
111,250 for authority to issue bonds to the amount of $30,000 for the purpose of
c
Knox A Lincoln RR
6
J S J > part each year.
138.500 rebuilding the village hall.
Feb. 1., 1002
c
6
F S A
do
do
....... ~
P A R V A L U E O F B O N D S ,—
The liond* are o f various denomination*. Bonded debt 1890.......... $40»g00 Tax valuation 1880----$1,676,536
INTEREST-WHERE PAYABLE.-How-ton all th bond* isp j Tax valuation 1890— . .2,^63,401 population in 1880 w as.— .4,621
e
ay- Floating debt......• ••— - i i S S f Population in 1890 w as....... 4,386
able mPortland and Boston; lnt«n»t o the Androscoggin KR. bond*
n
tieiny
I,, t i: i .].t,pr uity by the Oeeond Notional Bank, and interest
. A. W INTER , Mayor,
on the Knox & Lincoln Baitr-md ' uniptti)) - bond* by the Bank o! H A L L O W E L L . - i a K. TILD E N , Treasurer.
C o r n n v r ; ».;■ .33 other issues by the National Hide A Leather
Hallo well is in Kennebec County.
Cit y N ote ®
—
LO A N S —
When Due.
Bank,
Os, F it A, $1,200.......... On demand
BluiiOE Bonds—
T O T A L D E B T, S IN K IN G FU N D , E tc.—The subjoined statement 7s, ,LV-D,$500................. Past due. 6s, Anr.7, 200.......... On demand
shows BathL tot.3 municipal debt, and the asset* held by the city
5s, J&J,
500............July, 1893
C bmktkhv Basils—
T rust F und6s, F * A , $3,000....... Feb. 15, 1894
against the sime.on tile 1 -f o f March o f each o f the last three years.
os , Feb. 15, $1,000......On demand
($500 dueyearly) to Feb. 15,1899
1801,
1890.
1889.
Total debt Jan. 1,1893.. $17,900
R efunding B onds —
... $687,306
$315,550
$316,000
Munieipal funded de
Assets.............................
9,914
728,750
1,117,800
1.132,950 5s, F it A , $2,000........... 1901-1902 Tax valuation 1893....... 1,580,626
ftollroad aid bonds,
Bciioon Bonds—
Assessments same as actual value.
$1,116,050 $1,433,330 $1,448,950 5s, M.fcS, $-1,000.........$500 yearly Total tax (per $1,000).........$17 00
Total d a
=
.. 1,019,055
1.120,089
1,076,138 j 4s, MAN, $5,000........Nov. 1, 1903 Population 1890 was............ 3,181
Aw t* i*m to
em
($l,O0Odue yearly) to Nov. 1,1907
Population 1880 w re .............3,009
.. $396,905
$307,310
$372,812'
Ket deb'
wm 1 *8 6 in 1 7 It w 1 / 8 .
6 5;
8 0 m 810
SATt t
12
CITY S U T? i£ M ^ T,
IN T E R E S T on tlie 4 per cent school bonds is payable in Boston; on
all others in H allow cll. Me.
H O U L T O N .-C
has.
D. M erritt , Treasurer.
The town o f Houlton is situated in Aroostook County.
LOANS—
When Due. Tax valuation 1892......$1,107,100
Assessment about
actual value.
T o w n B o n d s , 1890.
4s, J&D, $3,000....... Dec. 15,1910 Tax rate (per $1,000)..........$21-00
T otal debt, Jan. 1893....... .$40,000 Population in 1890 w as....... 4,015
L E W I S T O N . - W . H. N ewell , Mayor.
Lewiston is In Androscoggin County.
LO AN S—
— -Interest.----. — — — -Principal.-Interest.— —
Oulstand/gt
P. Gt. Payable. When Due.
NAME AND PURPOSE.
J & J July 1, 1901 $185,000
City bonds.............................. 6
80,000
do
.............................. 4*3 J & J July 1, 1894
51,000
“
4L} .) & J July 1, 1899
do
................
100,000
.1 & .1 Jan. 1, 1893
do
.................. ............ 4
100,000
& J Jan. 1, 1913
J
............ 4
100,000
A & O Apr. 1. 1897
W ater bonds............. ............ 5
174.000
A & O A p r 1, 1907
.10
.............
200.000
A & O
do
........................... 5
T O T A L D E B T, S IN K IN G FU N D , Et c .- T h e subjoined statement
shows Lewiston’s total municipal debt, the siukiug fund held by the
o ity against the same, the water debt, and the oity’ s floating debt, on
th e first o f March o f each o f the last two years:
1891.
1890.
Total funded debt (inclusive of w ater debt)— $990,000
$990,000
Sinking fund....................................................... 130,222
114,043
Net debt on March 1...................................... $859,778
$875,957
W ater debt included In foregoing to ta l...............$474,000
$474,000
Floating debt (additional)................................... $109,000
$65,800
The city property, valued at $1,239,316, includes stock of the L ew is
ton A Auburn Branch Railroad to the amount of $225,000, and
c
he water works, valued at $549,783. The gross earnings of the water
works for 1891 were $38,877; net earuings, $30,666. Interest paid on
w ater loan, $24,870.
ASSESSED V A L U A T IO N .—The city’s assessed valuation o f real
and personal property and tax rate for a series o f years have been as
fo llo w s :
Tax Rate
Total
Personal
Valuation. per $1,000.
Property.
Real Estate.
Years.
$20*00
$11,269,547
$1,715,847
1890... v
............$9,553,700
20*00
10,687,823
1,608,317
1 8 8 9 .............. 9,079,506
19*50
11,013,083
1,608,000
1888.......... ...... 9,405,083
19*50
10,813,088
1,484/711
1887......... ....... 9,328,377
19*50
11,301,359
2,135,066
1886.......... ...... 9,166,293
19*50
11,314,331
2,207,889
1885...... . ...... 9,105,442
24-00
9,743,977
1,343,991
1880......... ...... 8,399,986
12,645,296
1900
1,580,210
1875......... ...... 11,065.086
30*00
6,271,719
597,699
1870......... ...... 5,695,020
30*00
4,322,041
346,394
1865......... ...... 3,975,647
10*00
2,974,414
281,803
1861......... ...... 2,692,611
8-00
2,214,068
1856.........
P O P U L A T IO N .—In 1890 population was 21,701: In 1880 it was
19,083: in 1870 it was 13,302.
VoL LVI.
424 36, and 23,561 1-10 shares Portland & Ogdensburg Railway stock
valued at $824,638.
D E B T L IM IT A T IO N .—The city’ s debt is limited by law to 5 per
cent o f valuation.
ASSESSED V A L U A T IO N .—The city’s assessed valuation (about 80
percent of cash value) and the tax rate for a series of years have been
as follow s:
,
,,
Heal
Personal
Total
Rate o f Tax
Tears.
Estate.
Property.
Valuation, per $1,000.
1892
$24,299,000
$12,643,450
$36,942,450
$19'50
1891
23,494,600
13,088,695
36,583,295
1950
1890
23,184,400
12,427,590
35,611,990
19’70
1889
22,711,000
11,909,335
34,620,335
2000
22,120,000
11,952,405
32,702,405
2020
1888........
P O P U L A T IO N .—In 1890 population was 36,425: In 1880 it was
33,810; in 1870 it was 31,413.
R O C K L A N D . — E. A. B utler , Mayor.
This city is in K nox County.
C it y B onds (Continued)—
LOANS—
When Due.
4s, J&J, 35,500........ July 1, 1900
Cit y B onds—
4s, J&J, $40,100......... July 1, 1893 4s, J&J,280,500........July 1,1911
Subject to call after July 1,1891
4s. J&J,
49,500....... July 1, 1894
K n o x & L inco ln RR. L oan —
4s, J&J,
37,500........July 1,1895
4s, J&J,
65,000....... July 1, 1896 6s, J&J, $34,000....... July 1, 1893
(Part, yearly) to July 1,1899
4s, J&J,
59,200....... July 1, 1897
4s, J&J,
7,400........ July 1, 1898 6s, F&A, $35,100...... Feb. 1, 1902
IN T E R E S T on all issues of bonds is payable at the office of the
City Treasurer in Rockland.
T O T A L D E B T, S IN K IN G FU N D , Et c —T he subjoined statement
shows Rockland’s total funded debt, total assets, and tho floating debt,
on the ninth day of February o f each o f the last tw o years.
1891.
1892.
$779,100
Total funded debt................................................. $731,900
509,482
Total assets........................................................... 468,970
$269,618
N et debt on February 9................................... $262,930
$89,961
Floating debt (additional)........................ -........... $91,259
The floating debt includes certificates o f deposit bearing interest at
the rate of 3 per cent and payable on demand, $87,357.
A V A IL A B L E A S S E T S .—The city’s total assets, as given above, con
sist of Penobscot Shore Line Railroad 1st mortgage 4 por cent bonds,
due August, 1921, $401,000; uncollected taxes, cash ou hand, etc.,
$67,070.
T A X FR E E .—A ll bonds of the city of Rockland are exempt from
taxation.
ASSESSED V A L U A T IO N .—The city’s assessed valuation (about
the same as cash value) and ta x rate have been as follows for a series
o f years:
Total
Rate o f Tax
Personal
Real
Valuation, per $1,000.
Property.
Estate.
Tears.
$1,578,585
$22-50
$1,613,904
1891...... ........$2,904,681
4,333,904
22-50
1,444,893
2,889,011
1890.
3,788,780
22-50
188G.
P O P U L A T IO N .—In 1890 population was 8,174; in 1880 it was
7,599; in 1870 it was 7,074.
J. O. B R A D B U R Y , Mayor.
F. B. W IG G IN , Treas.
3 his city is in Y ork County. The bonds of this city are exempt from
T ax valuation 1892...... $1,054,473 taxation.
T ax rate (per $1,000)...
$13*50
Interest is paid in Boston.
When Due,
LO ANSPopulation in 1890 w as........ 2,665
Bonded debt Feb. 1, ’93, $121,000
G e n e k a l E x pense Population in 1880 was........ 2,519
22,856
48, J&J, $16,000.................... 1901 Floating debt...............
Total debt Feb. 1, ’ 93...
143,856
P ub lic P a r k Total assets..................
29,254
48, J&J, $10,000................
1894
i — / \ i . t '-t a -AT TV
, —
5 D A N IE L H. IN G R AH AM, Mayor.
N et debt Feb. 1, ’9 3 ....
114,602
R efu nd ing B onds Jr'LVJt-i 1 J_,V AiN JL).— j GEORGE W A L K E R , Treas.
46, J&J, $25,000.................... 1907 T ax valuation, real...... 2,898,438
Portland is in Cumberland County.
4s, J&J, 30,000.................... 1917 T ax valuation, personal 1,009,047
T ax valuation 1892---- 3,907,485
Se w e r B ondsOf the debt of this city about one-lialf was incurred on account of
the Portland & Ogdensburg RR., whose stock the city holds to the 48, J&J, $20,000.................... 1900 Assessment about 23 actual value.
4s, J&J, 15,000.................... 1909 T ax rate (per $1,000)......... $20*00
amount o f $2,350,150. The railroad is leased for 999 years to the
Population in 1890 was....... 6,075
Sid e w a l k B onds—
Maine Central RR. Company at 2 per cent on stock, payable quarterly. 4s, M&S, $5,000..................... 1899 Population in 1880 was....... 6,396
In 3883 the town of Old Orchard, with a a population of 877, was set
This rental aids the city considerably in meeting its Interest chargeoff from Saco, reducing the population of the city by that number.
The city’s debt in detail is as follo w s:
LOANS—
, Interest.— . .
—
---------- P rin cip a l.------ -— ,
NAME OR PURPOSE.'
P. Gt. Payable. When Due.
Outslancl’g. T H O M A S T O N . — C. S. S m i t h , Treasurer.
Contingent, &c....................c&r 6
M & S Meh. 1, 1893
$30,500
This town is in K nox County.
Funded, 1891.......................... 4
M & 8 Mch. 1, 1893
80,000
$23,600
LOANS—
When Due. N et debt Jan. 1,1893...
Funding, 1887 ..................c&r 4
J & J
July 1, 1912
727,000
T ax valuation 1890---- 1,604,900
R e fu n d in g B ondsSubject to call July 1,1902.
Hospital.................................... 6 M & S Mch. 1, 1896
7,500 48, J&J, $124,600........... Optional T ax valuation 1886---- 1,849,389
T ax rate (per $1,000) 1890.$17*00
Interest is payable in Boston.
Margiual way, etc..................... 6 M & 8 Mch. 1, 1894
64,000
Portland & Ogdensburg R R ... 6
M & S Sept. 1. 1907 1,200,000 Total debt Jan. 1, 1893.. .$124,600 Population in 1890 w as....... 3,009
do
do
interest.. . 6
M & 8 Mch. 1, 1896
40,500 Sinking funds.................. 96,000 Population in 1880 w as....... 3,017
do
do
.................. 6
M & S Sept. 1, 1896
40,500
do
do
.................. 6
M & S Mch. 1, 1897
40,500
Portland & Rochester R R ...... 0
J & J
July 1, 1897
416,000
W ardroom and school......... 6
A & O Oct. 1, 1892
8,500
W harf purchase, etc.......... c&r 6
F & A
Feb. 1. 1895
154,500
Past due loans not presented for paym ent...........................
14,500
N O R W A Y . — A. S. F. P i k e , Treasurer.
This town is in Oxford County.
L O A N S—
When Due.
R e fu n d in g BONDS
E S , J&J, $15,000................ 1905
InterestpayableatNorwayNat.Bk.
IN T E R E S T —W H E R E P A Y A B L E .-In te re s t on all the issues,
except the registered bonds, is payable, in Boston at the Revere
National Bank, and at the First National Bank in Portland.
T O T A L D E B T, S IN K IN G FU N D , E T C .- T h e subjoined state,
meat shows Portland's total funded debt and the sinking fund held by
he city against the same on the first o f A p ril of each o f the last three
years.
1892.
1891.
1890.
Total funded debt.....................$2,837,250
$2,919,500
$3,022,500
Sinking fund and other assets.
977,424
1,012,505
1,066,001
N et debt on A p ril 1............$1,859,826
$1,906,995
$1,956,499
The oity has no water debt and no floating debt.
The sinking fund receives yearly not less than one per cent o f the net
debt.
A V A IL A B L E A S S E T S .—The city’s available assets consist of its
giuking fund, $3,457; stocks, notes receivable and trust funds to the
amount of $108,250; sum due from building-loan commissioners, $48,-
S A C O .-!
April, 1893.
ie
O f STATE.
J ttw
New Hampshire.
_ In 1870-80 increase was 28,691, or 9*01 per cent, and in 1880-90, 29,
539, or 8*51 per cent.
SAV IN G S B A N K S ’ IN V E S T M E N T S —PR IV ILE G E S AN D RE
S T R IC T IO N S .—A very material change was made by “ The General
Court o f N ew Hampshire” at its session in 1891, in the statute regula
ting and defining the powers and restrictions of savings banks, with
DEBT, RESOURCES, E tc .
reference to investments. The new statute went into effect January 1,
Adm itted as a State
One o f O riginal Thirteen 1892. Under the law previously in force the trustees of such institu
Total area of State (square m iles)
9,305 tions in New Hampshire had authority to invest the moneys deposited
in or belonging to the bank in every class o f security issued in the United
State Capital Concord States. This unlimited license no doubt promoted the growth of savings
G overnor (.term expires 1st Wed. Jan. 1893),
John B. Sm ith banks, because it enabled them for a time to pay 5 per cent dividends;
Secretary of State {term expires *Jan. ’95) - Ezra S. Stearns but the change the Legislature made iu 1891 virtually acknowledges
Treasurer (term expires *June ’95)
- Solon A . Carter the failure of the State policy, and suggests also how very dangerous
a precedent that experiment would prove for a larger State to follow.
Legislature meets biennially in odd years on the first W ed nes
The amendments adopted in 1891 relating to restrictions upon in
vestments are contained in the follow ing:
day in January, and length o f session is n ot lim ited.
. Section 14. No savings bank shall hereafter invest its funds in the
* Elected fry Legislature o f 1893.
following-named securities and stocks:
1. In loans to any person or corporation exceeding in the aggregate
H IS T O R Y O F D E B T ,—New Hampshire’s debt history is very b rief ten per cent of the amount of its deposits.
| . ! L I e loans and debenture bonds secured by mortgages o f real estate
This State has always been extrem ely conservative. In a return made i situated outside o f N ew E n glard exceeding in the aggregate forty per
%y each one of the United States to Comptroller Flagg, of-New York’ I cent of the amount of its deposits.
H I. In loans or debenture bonds secured by mortgages o f unproduc
in 1838, in reply to a circular issued by the Comptroller after
tive, unimproved, or unoccupied real estate situated outside of New
the passage of the General Banking Law in N ew York. j England.
the financial office
of New Hampshire, Vermont and Con"
IV. In loans secured by the pledge o f securities or stocks in which it
we&Uen% each reports that Ills State had issued no bonds is not at liberty to invest.
! V. In the stocks and bonds of any corporation exceeding in the aggre
■#r stock; the ftetaaelal officer o f Connecticut adds that his State
gate, at their par values, ten per cent of the amount of the deposits of
ha* haded none since thej Bevolutionary War. That was the condition the bank.
VI. In the stock o f any corporation located outside o f N ew England
in 1-83-8, and the policy then eon trolling-seems to have been pursued by
which basinet earned and regularly
each of these Common wealths during subsequent years. Even down to next preceding such investment. paid dividends during the five years
the date o f the breaking out o f the Civil War all three o f the States
N IL In the stock of any corporation located within N ew England
named were without any public debt. But the Civil War worked a which has not earned and regularly paid dividends during the two
years next preceding such investment.
change, having left its mark In the financial history o f every Northern
V III. In the stock o f any corporation, excepting national banks,
State- In 2866 New Hampshire reported her funded indebtedness at organized under the laws of another State, which is engaged in the
business of selling or negotiating loans, stocks, or other securities.
#-1,169,SIS, contracted exclusively for war purposes. June 1,1869
IX . in the bonds, notes, or other evidences of indebtedness of any
the total outstanding wm #3,213,96*2 22. against which the Treasurer county, city, town or district situated outside of N ew England whose
reported an. asset- of #77,082 89. The situation o f the State debt now is net indebtedness (above the amount of sinking funds set apart for the
payment of such indebtedness, and not including debts created for sup
as below.
plying the inhabitants with water) exceeds five per cen tof the amount
— Interest. —
- —Prin cipal.—---LO A N S
P. CL Payable,
NAME AND PURPOSE.
When Due,
Outsta/uPy. of the last preceding valuation o f property therein for taxation.
X. In the bonds, notes, or other evidences of indebtedness of any
Ltbrurv bond# o f 1891 .. 4
J A J
July I, 1911
$175,000
Mnnicipiti War loan...... .. 6
Jan. 1, 1891
174,000 other corporation, excepting railroad corporations, whose net indebt
J A J
edness exceeds the amount of its capital stock actually paid in and
do
do
........ ... 6
J & .1 t 8 ! 5oya>o yearly. > 1'85^ 000 remaining unimpaired.
Vfcnvfcfu n d*.. , ...... ........ ., 6
Section 1.5 states that a savings bank “ may deposit its funds in a
...............
572,903
PAR V A L U E O F B O N D S .-T h bond* o f this State are in $500 national bunk whose capital is unimpaired and whose credit is good”
and $ 1,000 piece#.
and Section 13 declares that no bank shall “ make a loan to any of its
IN T E R E S T - W H E R E P A Y A B L E , -Interest Is payable at Com- officers nor accept any of its officers as surety or guarantor upon any
isouwealth Bank o f B o n o s.
loan, unless all the trustees of the bank have consented thereto in
T O T A L D E B T.—The sat^oinad
wnent shows Now Hunpdiir^B writing.”
total debt on the first o f June o f each o f the last three years.
B A N K S -N A T IO N A L , S T A T E AN D SAV IN G S IN S T IT U T IO N S .
June 1,1892,
June 1,1891. June 1. 1800. —Banking capital in New Hampshire lias undergone very little change
Total funded d e b t............. #2,284,600
$2,406,600
#2,520,600 during the last seven years, but there has been a substantial increase in
Trust funds. . . . . . .
572,903
171,272
170,319
both surplus and deposits. The record for the ordinary commercial
ASSESSED V A L U A T IO N .- T h e Hu to*a total a#«e##ed valuation Of
hanks, State and national, is as follows.
money on band, stock In trade, mill# Hid machinery, and lands and
---------- 1892.----- — ,
----------- 1885.---------- building**. and the average tax rate tlm cighout the State, have been as
National.
State.
National.
State.
follow#:
N ew H am i 'SUlRE— (Dec.9/92.) (June30/92.) (Deo. 24.)
(Dec. 31.)
A vertige
*A
54
1
49
1
T o ta l.
Rate o f fax Number o f banks..
$6,140,000
$50,000
Val nation.
per #1,000. C apita!............ .......... $6,300,000 $50,000
1892 .
Surplus and profits.... 2,475,164
..........
1,908,266
16,360
. #192,149,111
1801..
Deposits, individual... 8,633,313
17,285
5,189,936
38,359
. 188.493,573
$16*67
1800..
. 185.530,530
16*40
Tin- shows that there is but one State commercial bank in New
1889,.
, 182,613,061
14*80
Hampshire, but no less than 54 national banks, giving 55 banks alto2§88,.
1520
In addltiIon to the mmemit*I valfx&itcm In
given above, there I gelher, whose aggregate capital amounts to $6,350,000, and these
w ere a ls o : n f i l l rt to ta x a tio n fiepoai U In
mate, less amount ! banks hold $8,050,598 of deposits and have $2,475,164 surplus.
i
In addition, the State at the close o f 1892 had 15 loan and trust
iavilisted lia re a l estate, $73,098,475 - cap!
;
uranco companies,
9I railroad**,
8511, tfetid U
mcl telegraph Mae#, |companies, which among other powers have authority to transact the
| business o f a savings bank. Under the law of 1891, however, these
$$$0,509,
: institutions are required to conduct such savings bank business as a
DEBT L IM IT A T IO N ...Then*
in the Constitution
I separate department, and said department is made amenable to the
o f New Hampshire upon the deb
the people through
laws governing savings banks. Altogether the 15 institutions had
* the last clause o f
the; **General Court** exeepi the
I $1,855,000 o f capital, $502,613 of surplus aud undivided profits,
Article 5 of Fa
P ro ry M i , That the Ctetnferal Court »b i not authorize any town to $2,027,515 of savings deposits and $1,251,185 o f other deposits, in
loan or glr © flu money or c;red.it directly * Indirectly for the benefit of cluding certificates of deposit. The deposits in the regular savings
any eorporattorn having
r Its object * livid end o f profit# or in any j banks are heavy and have considerably more than doubled since 1876.
nd«.
way mm tinj Mint* by takimI ite stock.** or ►
1892.
1886.
1881.
1876.
The above fa an amend ru*m t to the Cons tutlon, which was ratified In
Savings Banks-**
June 30.
March 13.
March.
May.
71
67
64
68
1877. The amendment womit! appear
he intended as a complete Number o f banks..*.
Number depositors.. 169,949
125,273
96,881
100,191
estoppel to municipal loaning of money or credit to railroad and indus Amount of deposits.$72,439,660 $46,631,913 $32,097,734 $31,198,064
trial corporation*. It is to be noticed, however, that by its terms the Surplus and profits.. 5,073,267
4,104,422
2,231,699
1,466,471
426
372
331
326
restriction doe* not -}<*. irb oily m* ution **cities,” the words being Average each deposit
Tims the deposits In the savings banks have increased from $31,198,“ any town.”
064 in 1876 to $72,439,660 in 1892, while the number of depositors has
PO PULATIO N OF S T A T E
h:.itiw-, and direct taxes
were by Uio Federal Constitution apportioned among the several States increased from 100,191 to 169,949. In theirreport for December 1891
4te6a.fdJ.tig to the respective tittinbero o f p«>j>ulatlon. That Instrument the Bank Commissioners stated that in proportion to population New
aGo provided that the number in each State should be determined “ by Hampshire stood first among the States of the Union in the amount o f
adding to the whole w a u ter of free persons Including those bound to its savings deposit s.
service for a term o f years, and excluding Indians not taxed, threefifth# o f all other person#/’ the last clans referring to slaves. As
C it ie s , C o u n t ie s a s d T o w n s
operation# trailer this new Constitution began, uncording to Its
terms, on March 4,1789, after it had been ratified by eleven States,
IN THE
•fine o f it# earliest act# was to provide for an numeration, or Census, to
S T A T E OF N E W H A M PS H IR E .
be taken the following year. According to t at Census and the Census
taken ten year# later, the population of New Hampshire was as subITS
lotoed.
3800
1790..
White
. .... .................. 91/238
White
females.
'91,740
70.171
Colored
Slaves.
Total.
free.
8
183,858
852
158
141,899
630
Since 1800 the total for each ten years has been as follows.
......326,073 11830 . ............260,328
1890...... ...... 370,530 I I960
1880
.. . .... 340,991 1850...... ......317,070 11820.
1870.. . . ... 318,300 ? 1940...... ,,. 284.571 11810 .
C A R R O L L
C O .— H .
Couuty seat is Ossipee.
LOANS—
When Due.
CofNTV B onds—
As, MAS, $40,000.......M ar.l, 1906
Subject to call after 1896.
Interest is payable at Comity Treas
ury or m Boston.
E. R o g e e s , T re a s u re r.
Total debt Jan. 1,1893 .. $40,533
23,263
cash on band.............
Net debt Jan. 1893.......... 17,270
Assessed valuation ’92. .6,326,876
Tax rate per $1,000............$21-25
Population in 1890 was— 18,124
14
C L A R E M O N T . - B. B. Ha n d , Treasurer.
This town is in Sullivan County.
i DANS—
When Due.
R U L OVD B onds , 1 8 7 3 6s, JAJ, $71,000....... July 1, 1893
R efu nding B onds , 1 8 8 9 4s, JAJ, $23,000....... Jan. 1, 1909
Interest is paid in Claremont.
Vol. LYI.
S W £ M D CITY
I Bonded debt Feb. 1, *93.. $90,000
I T ax valuation, r e a l...... 173,749
I Tax valuation, persoiml.l,OCl o(.4
I Total assessment 1892..2,793,054
Tax rate (per $1,000)....
1 / oO
I Population in 1890 w a s........5,56o
C O N C O R D . — II. W. Cl a p p , Mayor.
Conoord is the oapital o f the State and the county seat of Merrimac
County. Its water works more than take care of the interest on the
w ater bonds.
'W id e in g P l e a s
. E x .—
LO ANSITAew n " e- 4 s ,.TAJ, n$13,800.....an t St1,1905
July
C it y B onds —
P re c in c t F unded D ebt —
6s, AAO, $13,250......Oct, 1, 1893
City Precinct bonds.
(partdneeaehyear)toOet. 1, 189.)
(State Uouse Loan.)
6s, MAN, $31,000... .Nov. 1,1891
6s, JAD. $2,000........ Doc. 1,1893
(part due each y’r) to Nov. 1,1894
tU N IO N S C H O O L D lS T . B O N D S —
' P o l ic e Sta t io n B onds —
4e, JAJ, $17,000........ July 1.1903 4s, .TAJ, $26,000........ Tuly 1, 1893
6s, JAD, $3,000......... Dee. 1,1894 (part due each y’ r) to July 1,1896
6s, JAD, $10,000........Doe. 1, 189o 4s, JAJ. $90,000....... July 1,1897
6s. JAD, $7,000.........Dee. 1,1896 ($15,000 due y'rly) to July 1, 1902
Se w e r D is t r ic t B onds —
___
Se w e r B onds—
(Penaeook Sewer Bonds.)
4s, JAJ, *$12,000...... July 1,1904
4s, F A A , $5,000....... Aug. 1,1898
W a t e r P recinct B onds —
6s, AAO, 130,000 . .Apr. 1.1894 4s, F A A , 5,000....... Aug. 1, 1903
6s, AAO,
20,000...A pr. 1,1895 4s, F A A , 6,000....... Aug. 1, 1908
4s, M AN,
40,000. . -Nov. 1,1896 4s, MAN, *5,000....... May 1,1913
Subject to call after M ay 1,1908
($10,000 due y’rly) to Nov. 1,1899
4s, AAO, $45,000 . ..Oct. 1,1912
4s, JAJ, 325,000... .Jan. 1,1922
Sc hool D is t r ic t B onds —
((School D istrict No. 20.)
4s, JAJ, $3,500.........July 1, 1893
($500 due yearly) to July 1, 1899 |
* Exem pt from taxation when owned by residents o f Concord,
t Coupon bonds.
I N T E R E S T is paid at city treasury.
T O T A L D E B T , S IN K IN G F U N D S , ETC.-Coneord’ s total bonded
LOANS—
When Due.
R a ilr o a d A id B onds—
4s, JAJ, $150,000 ... July 1,1894
($15,000 yearly) to July 1, 1903
4s, JAJ, $10,000,...... July 1,1004
S e w e r B onds —
•is, JAJ, $60,000....... July 1, 190o
($15,000 yearly) to July 1, 1908
4s, JAJ, $10,000....... July 1, 1909
W a t e r B onds—
6s, JAJ. $5,500........July 1, 1893
(is. AAO , 10,000........ Oct. 1,1896
5s, JAJ, 35.000........ Jau. 1, 1899
4s, AAO, 5,000........Apr. 1,1913
4s, AAO, 40,000....... Apr. 1,1914
($10,000 yearly) to Apr. 1, 1917
3>ss, JAJ, $7,000........Jau. 1, 1910
3<*s, JAJ, 30,000....... Jan. 1,1911
($10,000 yearly) to Jan. 1,1913
IN T E R E S T on all issues is payable at the City Treasury, and on the
water 4 per cents also in Boston.
T O T A L D E B T , S IN K IN G F U N D S , E TC .-T he subjoined state
ment shows Keene’s total municipal debt and the sinking funds held by
the city against the same, on the first of January o f each o f the last
three years.
Total funded debt .
Sinking fluids.......
1893.
.$362,500
47,554
1892.
$375,500
41,248
1891.
$331,800
39,453
$334,252
$292,347
Net debt on January 1 ...............
$145,500
$101,800
W aterdebt (Included above)............. *132,500
The sinking fund has received yearly about * 10,000.
C IT Y P R O P E R T Y .—The city owns its w ater works, valued at
$200,000, and other property to the amount o f $83,941. Water works
are more than self supporting. The railroad loans were a gratuity
to the Manchester A Keene RR., and are not offset by any railroad
securities in the hands o f the city.
ASSESSED V A L U A T IO N .—The city’s assessed valuation and tax
rate have been as fo llo w s :
,
Total Assessed Rale o f Tax
Am ount Number
o f Polls.
Years
Valuation.
p er $1,000.
Raised.
2,027
1892........... . .............. $6,156,366
$12-50
$86,895
2,126
1891
............... 6,051,111
12*50
84,153
2,046
ts 9 0 ...... ................... 6,117,404
13-00
82,186
2,075
1,999
l i f e : ; : : . ................. 6,089,996
12-00
s o .io g
1,802
1880
..................... 5,757,752
........
1,798
I 87” ; ........................... 4,676,117
........
67,354
In addition to the tax rate as above given there was in 1891 in the
Union School District a tax of $1-25 and in the Tow n School District a
tax o f $0-20 per $1,000.
P O P U L A T IO N .—In 1890 population was 7,446; in 1880 It was
6,784; in 1870 it was 5,971.
debt on April 1,1892, was $800,050, and the water debt included in tills
amount was $560,000. On January 1,1891, the total debt was $722,543; on January 1,1890, it was $693,878.
C I T Y P R O P E R T Y .—The city values its buildings and other property at $180,770, and besides this has water works valued at $450,000,
_ .
^ rT ^ r - r r c )D
(E . J . KNOW LTON, Mayor.
which a iv the property o f the “ precinct.”
M A N C H E S I E R . — )s . B. P U TN AM , Treasurer.
ASSESSED V A L U A T IO N .—The city’ s assessed valuation and tax
Manchester is one o f the county seats o f Hillsborough County. The
rate have been as follow s:
city is providing for the issuance of new w ater bonds to the amount
Total Assessed
Rate o f Tax
Tears.
Valuation.
Tax.
per $1,000. o f $200,000.
LOANS—
- Interest— .
—
— ------ -P rin cip a l.
1891 le s t)...........................$11,000,000
. . . . .....
...........
When Due. ~ Outstand’g.
1890
............ 10,243,857
$176,0S1
$12-00 NAME AND PURPOSE.
P. 01. Payable.
J "& J
July 1, 1911
$60,000
T og o ................
......... 10,048,556
184,963
1250 Bridge, 1881.................... 4
J A J
July 1, 1913
20,000
1888................
..............
9,984,120
165,090
........... Cemetery......................... 5
M AN
Nov. 1, 1893
70,000
City (funding) 1863......... 6
i8 8 o . :; ;; ;. '.i...................... 10,150,586
172,831
.......
J & J
July 1, 1894
50,000
do
1864....... 6
P O P U L A T IO N .—In 1890 population was 17,004; in 1880 it was
A A O
A p ril 1,1905
50,000
1885......... 4
do
13.843; in 1870 It was 12,241.
1885......... 4
A A O
A p ril 1, 1907
50,000
do
A A O
A p ril 1, 1909'
50,000
do
1885.......... 4
E X P L A N A T O R Y O F BO ND S.—The Penaeook sewer bonds were
A A O
A p ril 1, 1911
5,000
do
1885.......... 4
Issued on the city’ s credit for the Penaeook sewer district, the interest
J A J
July
1, 1895
100,000
Water, 187 4 .................. 6
and principal being payable from a special tax on that district. The
J A J
Jan.
1, 1897
100,000
do 1872 .................. 6
J A J
Jan.
1, 1902
100,000
school district bonds were issued under a special act of the State Legis
do 1874.................. 6
J A J
Jau.
1, 1007
100,000
do1887 (refunding). 4
lature. The school districts have by their votes and by their agents
J A J
July
1, 1910
100,000
do
1890
do
4
bound themselves to repay the city all sums expended on account of
J A J
Jan.
1, 1912
100,000
do
1892
do
4
the principal or interest of these bonds.
PAR V A L U E O F BONDS-—M ist of the loans consist of $100, $500
and $1,000 pieces, the exception to this being tbe city bonds due Nov. 1,
,— , — x r t— ,
, .
■,—
( A. M. FOSS, Mayor.
1893, which are also for $200, $2,000 and $3,000, and the “ city bonds”
1_H_3 V XL r i . - — ) ISAAC F. ABBOTT, Treasurer.
due July, 1.1894, and after, all of which are fo r $1,000 eaoh.
Dover Is the county seat of Strafford County.
IN T E R E S T — W H E R E P A Y A B L E .—Interest on the “ C ity ” 4 per
LOANS—
-— Interest.— . .-------—-------- - P r in c ip a lOutstand'g. cent bonds o f 1885 and water 4s of 1892 is payable at the Suffolk Bank
When Due.
NAME AND PURPOSE. P. CL Payable.
$33,000 in Boston; on most other issues at Treasurer’ s office, Manchester.
Jan. 1, 1897
Railroad loan............ 6
J A J
July 1,1893, to 1905)
130,000
Refunding loan......... 6
J A J
$ 10,000 yearly.
S
T O T A L D E B T , S IN K IN G F U N D , Et c —T he subjoined statement
5 Apr 1, 1906 $12,-)
City Hall bonds......... 4
A A O
48,000 shows Manchester’s total municipal debt and the included water debt
) 000 yearly to 1909 s
11,000 ou tlie first of January o f each of the last three years:
Apr. 1, 1910
.............. 4
A A O
dodo
1893.
1892.
1891.
11,000
Apr. 1. 1911
dodo
.............. 4
A A O
$953,850
$§48,850
111,000 Total bonded debt on Jan. 1.............$955,000
Apr. 1, 1912
dodo
.............. 4
A A O
Water debt (included ab ove)............600,000
600,000
600,000
355,000
A fte r 18 years.
Water loan notes...... -1T Semi-an
C I T Y P R O P E R T Y . —The water-works, at a lo w estimate, are said
T O T A L D E B T , S IN K IN G F U N D , E TC .-T otal debt (Including
water loan) Jan. 2, 1893, $709,000; deduct bonds In sinking fund, to be worth $1,500,000. The city owns other property to the extent
$33,000; net debt, $076,000. The sinking fund consists o f 330 o f $1,228,000, consisting o f school-houses, Court House, City Hall
shares of Portsmouth A D over Railroad stock. This stock pays 6 per building, eugine-houses City Library building, etc., and not including
dividends, theroad being leased to the Boston A Maine Railroad Company. cemeteries and parks, valued at $845,000.
The income from water rents in 1892 was $83,474 79; paid for
A S S E S S E D V A L U A T IO N of real estate in 1892 was $6,752,386;
personal property, $2,352,820; total, $9,105,206. Assessed Valuation repairs and operating expenses, $20,534 42; interest on water loan
in 1891 was $8,887,977. Property is assessed at about 65 per cent of $31,069; construction, $29,410 93; balance unexpended, $2,460 44.
V A L U A T IO N , T O T A L D E B T , Et c .—T he assessed valuation (about
its actual value. The total tax rate per $1,000 is 1892 was $18-00.
PO PU LATIO N .—Population in 1890 was 12,790; in 1880 was 11,- 70 per cent of cash value), the ta x rate and the total bonded debt have
been as follow s in tlie years named below .
687; In 1870 was 9,294.
Rate o f
Total
Real
Personal
Tax per
Bonded
F A R M I N G T O N . — P. P. Connor , Town Clerk.
Years.
Estate.
Property.
Total.
$1,000.
Debt.
This town is in Stafford county
1892.$21,500,776
$4,431,268 $25,932,044 $19-50
.......
.. 20,557,146
4,315,240
24,872,492
17*80
$953,850
Bond’d debt (latest returns)$66,400 T ax valu a tio n ............. $1,006,252 1891
19,884,300
4,200,300
24,090,650
19-10
948,850
Floating debt..................... 6,388 Population in 1890 was....... 3,064 1890
4,603,634
22,962,790
19*00
945,950
Total debt......................... 72,000 Population in 1880 was....... 3,044 1889'. 18,359,156
1888
..............................
22,162,928
944,300
1887
17,364,434
4,541,042
21,905,476
17-00
977,300
F R A N K L I N . — Gilbert G. F ellows, Treasurer. 1880.............................................
17,735,990
909,500
Tbe city received from tbe State in 1891 for its shares of railroad,
Franklin is in Merrimack County.
LO AN S—
When Due. Bonded debt 1891............$120,000 savings bank and other taxes, $104,542 33.
T ax valuation, re a l....... 1,068,221
T o w n B onds—
P O P U L A T IO N . —In 1890 population was 44,126; in 1880 it was
4s, FA A. $40,000......Aug. 1, 1900 Tax valuation, personal. 896,707
Total valuation 1890___ 1,964,928 32,630; in 1870 it was 23,536.
W a t e r B onds 1891—
4s, AAO, $80,000...... Apr. 1, 1916 Tax rate (per $1,000)...........$18'00
Subject to call after Apr. 1,1901 Population in 1890 was........4,085 M E R R I M A C K C O . — E. H. C a r r o l l , Treas.
IN T E R E S T is payable at tlie First National Bank o f Boston, or at
County seat is Concord. Interest is payable at Concord.
Treasurer’ s office.
LOANS—
When Due. 4s, AAO, $5,000......... Oct. 1,1900
Bonded debt (last returns).$58,000
F unding B onds—
i t r ? c ? M i7
5 P- A. F A U L K N E R , Mayor.
5s. AAO, 36,000......... Oct. 1, 1893 Floating debt..................... 15,000
r v i l i l l N XL-t- ) j . p . W ELLM AN , City Clerk.
($6,000 due yearly) to Oct. 1.1898 Total debt (last returns);.. 73,000
This is the county seat o f Cheshire County.
4s. AAO, $5,000.........Oct. 1, 1899 Population 1890 was..........49,435
April, 1893.
VERM O NT— DEBT
O f
15
STATE,
M I L F O R D . — F.
T . S a w y e r , T rea su rer.
This town is in Hillsbormi h County.
LO AN SWTUm Due. Total debt Jan. 1,1893.. $77,000
\y vTEit B oxa 8 o p 1891—
T ax valuation 1890........ 1,096,163
4s J & J .....$65,000 July 1.1921
Assessment is 80 p. e. real value.
Subject to call after July 1,1911 Total tax per $1,000......
12-50
Floating d e b t................... $12,000 Population in 1890 was....... 3,o i l
Interest Is payable at S a t’l Bank of Population to 1880 was....... 2,398
Redemption, Boston.
N A S H U A . — E . M . B o w m a n , C .ty C le r k .
Tins city is In Hillsborough County. Bonds of the city to the
amount o f 8200,000, bearing interest at the rate o f 1 per eent and
payable to 1913, w ill be issued June 1 , 1893.
LO AN S—
When Due. | Is, J&B, $30.000...... June 1,1914
ClTT B O S IS I Is , JAD,
25,000... June 1,1915
6s, F&A, $15,000...... Aug. 1, 1893 I C it y N otes —
-«», J&J, 2,000........Jan. 2, 1895 <K M A Y . 812,500__ A u v .£;!,1 y !>5
€*, J&J, 78,000...... July 1,1901 6*, A AO.
8.000... Oet. 27,1896
C i t y E a w s o o t © B o x ns—
i
4s. JAB, $120,000... June 1, 1911
($40.‘>00 due yearly) to June 1.1913 |
IN T E R E S T .—Payable in Boston at the First National Bank.
T O T A L D E B T —Total debt July, 1891, $560,6551 sinking fund and
flash $221,581; net debt $339,074.
ASSESSED V A L U A T IO N .—‘Total assessed valuation in 1891 was
$11,195,514. against $10,445,038 in 1890. Actual said to t>c $30,000,000.
P O P U L A T IO N in 1890 was 19,311; in 1880 was 13,397.
P E N A C O O K . - W il l i s G . B u x t o n , T rea su rer,
Penaeook ia in -Merrimack County.
LO AN SWhen Due. I Total debt July 1, 1892....$70,000
WitF.R W orks —
; f a r valuation 1892........... 629,000
4<*/*, MAN", $70,000 July 1, 1922 I Assessment from % to % actual vaL
Subject to c a ll............July 1. 1907 I Total tax (per $1.000)......... $16-30
^ IN T E R E S T Is payable at the office of £. H. Rollins < Sons, Concord,
&
PO R TSM O U T H —
J o h n J . L a s k e y , M ayo r.
Portsmouth ia one o f the county seats of Rockingham County. The
-city im ntA $343,000 bond* in aid o f the V ortamonth & Dover KR., and
’
fgeei’red in return stock of the par value* of $344,000, This stock ia
n w
ow orth considerable more than Its face value, and the city has wisely
-been selling it and applying the proceeds t a the payment o f the railroad
bond*. When all these bonds shall have- been paid the city w ill still
have on hand a considerable balance from the sale o f the stock.
--------------- P rin cip al . -------------LO AN S™
— Intermk —
/ Vi. Payabl
*.
When Due.
Ovtetand'ff.
NAME AND PURPOSE.
A pr. 1893 to 1900 i
. - , ,lA
*C y b o n d s . .....IS \3 4
tfc
A &
..i.-* $2,000 y'riy *
u,pw
to
..t#S6 4
A A 0
Apr. '1 , 1806
8,000
do
....... . .,1986 1
A A O
10,000
Apr. J, 1001
to
^
i usi 4
Oet. I, 1004
A A O
47,000
J A J
to
...........1 8 8 9 4
Jan. l, 1000
50,000
. to
. .,,....1 8 8 9 i
St A $
Nm\ 1, 1014
57,000
J & J
•FttrimnawXfa & Itoy er BK . 6
I m * 1, 1807
13,000
J A J
to
ridtacled, 1803 1
,
160,000
Jan. lS If* 13
■Water bend*, ........ .. tsipj 4
Jau. 1. 10O7
J A J
100,000
to
,.,.,,,..,.1 8 0 2 4
J A J
Jan. 1, 1912
150,000
$
PAR V A L U E O F BONDS. —Bond 0 at"* In. #1 00, #200, #500 and
#1*000 piece#; none r e s t a t e d
*4 4ei)t < Jan. 1, 1893, was
in
T O T A L D E B T. Et c .- The total t*
$670,500. The water debt on March 1
to ll is iineluded In the above
*,i,i IMoti to the Fort-Hinouth & Dover
wm #180,000. The elty own#
i
Bftllroad stock above menifo ne*1 reifc an,fAtA ItUdudlnif school?*, etc.,
m enl) 'rallied nt #44,435, m 4 •
Kthrr *
at# due the city, etc.,
f72jMNL
e*| r;niiiatoni in 1891 o f real ©state
ASSESSED V A L U A T IO N .
*Wm #4,445,109; of pmwrnsi pro ci
#2,041,
.864; total tax (per
tr,A t*f rral e nd personal property
#1,000> wm $20'OO. A«M***ed
IS 1882, $6,1,90,364; tax rate. #16*30 rr #1,000; in 1890, #7,398,710;
tax rate, $18-80.
27; fn 1880 it was
P O P U L A T IO N .-T n 1890 popu
■0,690: In 1870 If was 9,211
R O C H E S T E R —ChI
State of Vermont.
ITS
D EBT,
K E S O IJ B C E S ,
& c.
Admitted as a State (A ct February 18 1791) March 4, 1791
Total area of State (square miles)
9,565
State Capital
Montpelier
Governor (term expires Oct. 1894)
- L evi K , Fuller
Secretaryof State, (term expires Oct. 1894), C. W . Brownell, Jr,
Treasurer, (term expires Oct. 1894), Henry F. Field
Legislature meets biennially in even years the first Wednes
day in October, and length of session is not limited.
IN C ID E N T S IN S T A T E O R G A N IZ A T IO N , E T C .-O rig in a lly New
York, Massachusetts and New Hampshire claimed sovereignty over
the territory covered by Vermont, N ew York’s claim extending to the
west bank of the Connecticut River. Massachusetts assented to the
independence of Vermont to March, 1771; N ew Hampshire adjusted
and settled its claim to 1782; and New York relinquished its elaim
and consented to the admission of Vermont as a State to 1790,
Vermont was the first new State admitted into the union o f States.
It ratified the Federal Constitution on January 10, 1790, but was
“ received and admitted” as a “ new and entire member” by an act of
Congress approved February 19,1791. The first State constitution
appears to have been framed at Windsor in six days, the convention
meeting July 2,1777, and adjourning July 8,1777. There was no rati
fication of this instrument by the people, but tbe Legislature at its ses
sions i,, 1779 and 1782 adopted it and deolared it to be a part o f the laws
of the State. In March, 1787, the Legislature adopted another consti
tution, known as the Constitution of 1786. But to 1793 a convention
convened to consider certain amendments, framed a new instrument in
which (lie;,- embodied the amendments, and promulgated the amended
document as “ the Constitution of Vermont, adopted by the convention
” holden at Windsor, July 4,1793.” This constitution .was adopted by
tin* Legislature November 2, 1796, and declared by it to be “ the
“ supreme law of the land." That instrument still remains as the State
Constitution, having been amended by conventions in 1828,1836,1850
and 1870, and by the people in 1883.
H IS T O R Y O F D E B T.—Vermont has no early debt history, Its peo
ple having been clever enough to esdhpe the various debt making
fevers which afflicted so many other States. In foot until the winter of
1858 5t) i ho state does not seem ever to have exercised its debt-making
power. In that winter the State House burned down, and a loan was
mil homed for $150,000 to rebuild it. The bonds were Issued, but were
oil redeemed in the four years beginning with 1861. Another and
much larger issue was authorized in consequence of, and for the purjm „ — of, our Civil War. A report issued by the State September 5,
1Slid, giu-e the debt outstanding at that date at $1,650,000, all bearing
6 per cent interest, and all issued for war purposes. That amount,
however, by no means covered the total outgoes on that account.
Vermont tarnished 34,555 men, or about one-ninth of its tota, popula
tion, for the army during that struggle, and it paid each man during
service seven dollars a month in addition to the Government pay.
From the State report above referred to, w e take the following state
ment of the sources and amount o f the disbursements and receipts
during the period of the war,
Disbursement Is—
$1,179,938 08
Aid to soldiers’ families, &c—
3,275,804 92
E xtra pay to soldiers...............
179,407 80
Direct taxes to United States..
Total m ilitary expenses...
Reimbursed by United States
$4,635,150 80
607,303 00
Net amount paid on account- military expenses
Ordinary expenses during same period..............
State bonds o f 1857 and 1858 p a id ...................
$4,027,847 69
878,245 57
150,000 00
h . W . B r o w n , C i t y C le r k .
...................... $5,356,090 26
Total disbursements during war
Four per cent municipal bonds to
Receipts—
1 IS 92 at 103’35.
$3,406,093 26
n
Net ta x e s ........................................
) ,650,000 00 5,056,093 26
{ T ax valuation 1891___$3,595,612 I State bonds issued.......... ...............
20*00
; T » % rato i per $1,000)...
$299,997 00
i Population in 1800 w a s...-*-7,396 Net deficiency of receipts to pay disbursements.............
The estimated tax for 1865 was $467,913 96. That amount we assume
was intended to cover the above deficiency and also the ordinary ex
S A N D W I C H . - W . G. G a n n e t t , Treasurer.
pen « « » of the Mate for the year. Of the bonds outstanding at that data
■fi&ndwicsi* f# in ftarrott County, Blond» are not taxable.
$185,500,
LOANS™
* m ttn r. I T a t valuation* real....... ,$342,520 (September, 1865) all have been paid and canceled except to trust b y
btt*
f
T o w s Bonba —W.vu B rut .
Tax valuation,personal.. 131,994 which amount covers the Agricultural College Fund held
3s. dan. X $27,400.__... f*n du Total valuation 1892...... 471,514 the State These bonds fell due on the 1st of Juno, 1890, and we; 9
,
*$ n
Total debt Mar. 3, 1893 . ..$28,107 1Tax rate (per $1,000)......
28-30 canceled and reissued in the same amount and bearing the same inter
Interest- paid by Town Treasurer. j Population to 1890 was....... 1,303
est. They arc held in the State Treasury and are registered bonds.
The liabilities o f the State, on July 1, 1892, were as follow s:
S T R A F F O R D C O . -I. P. B e r r y , Treasurer.
I D AN S —
---- interest.
,--------- Prin cipal.----- —>
w in g table the 4s due in 1911 are NAME AND PURPOSE.
Rale. Payable.
When Due, Outstandah
Agricultural College Fu nd--- 6
J & H June 1, 1910 $lo5,o00
geld 1*
$25,000 Floating debt July 1 1892....................................... *...........
When Due. 1Fit (Ring d e b t...... . . . . .
LO A N S —
8t>,t>»g
: . ■
Ta . valuation In 1892.28,000,000 State school tax to bedjBtrib d ............................................
IN T E R E S T is payable at- the State treasury.
•4a, JA f>,. #80,000 .,. ,1ta«*. 1 1893 i|Ta ; valuation in 1891.28,285,! 17
> .. 1, 1000 : Ta : valuation In 1890.20,194,109
«*€
ASSESSED V A L U A T IO N .—The State’s assessed valuation and tax
# 10,000 dn© r’ rlr) to t
!
4s, j m k
m j m o . . . . i f*m. t, 1001 1 Po rotation In 1890 wit*......38,442
, ,
,
,
4#, JAI>.
70,000___t >m.
i f*1i ]I Po rotation in 1880 w a s....,35,558 rate have been as lo llo w s :
Personal
Total assessed Tax rate
j ’t! f. SOTE—
1 1 ^ T E R E S T on the 4 percents is Years
Real estate.
property.
valuation, per $1,000
4 tj’ t, A AO, #25.000 G«4.19,1908 pa- able at the National Bank of 1891 . .... $10“ bTOVTOI
$64,984,118
$173,363,869
$2-30
Total bond# Jan. 1. ’03
155.000 Re teiription, Boston.
1890
112,895,125
65,157,388
178,0®,513
-----i g l g ; ;;;
............
1.76 ,706,008
2-00
D E B T L IM IT A T IO N S .—There appoars to be nothing in the Consti
tution or in the Statutes of Vermont providing a general lim it to the
debt-making power o f municipalities. Whatever in each case the Leg.alature authorizes, the city, town, county or other civil division can
Tbit city Is in Strafford County,
■the amount of $100,000 were sold
Tot. debt ttmtmt fe to rm ) #244,392
...........................
57,211
d e b t . I S 7 „ i %I
16
ST/fcT£ MID CITY SUffJ'SMEflT.
issue. Of course the purpose of the improvement must be of a public
oharaeter, as defined in our remarks under this head with regard to
Maine. Railroad subscriptions by towns are authorized by Section
2760, chapter 132 of the Revised Statutes, the section being as follo w s:
Section 2760. A town may aid in the construction o f a railroad or'
anized under the general law by issuing bonds to aid such railroad*
y taking capital stock therein, or in sucii other manner as it directs,
but the liability so assumed shall not exceed eight times the grand list
of the town at the time. Such aid shall be given in the w ay provided
in this chapter.
It w ill be noticed that this section contains a lim it to the power
granted o f making subscriptions in aid o f railroads—to w i t : 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 o w in g ; after this
is done “ the grand lis t ” is made up by taking one per cent o f that
amount, according to Section 317, Chapter 25, o f the Revised Statutes,
which is as follows: “ A ll taxable property shall be set in the list at one
“ per cent of its value in money on the first day o f April o f 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*
«fec., &c. Thon follows Section 2766, authorizing the issue o f bonds.
Section 2766. Such town may issue bonds, with coupons payable
semi-annually, at a rate o f interest not exceeding seven per cent, to
aid such road.
The only other general authority granted for the issue o f 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 follow s:
Section 2769. A town which has outstanding and unpaid negotiable
notes or bonds, issued to pay for stock subscribed to a railroad com
pany, under any act of the general assembly, may issue other nego
tiable notes or bonds to pay or retire such outstanding notes or bonds.
Section 2,775. A town having outstanding and unpaid orders, notes,
bonds or coupons, issued under any act of the Legislature, for the pur
pose of the erection o f public buildings, or in aid o f public improve
ments, or for the payment o f soldiers’ bounties, may issue other
negotiable notes or bonds for the purpose o f 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 o f 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 o f the refunding by a town o f town bonds
issued in aid o f 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 w e 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.
Section 2751.—Towns in town meetings may vote such sums of
money as they judge necessary for the support o f the p o o r; for laying
out and repairing highways; for the prosecution and defense of the
common rights and interests of the inhabitants, and for other necessary
incidental town expenses.
VoL LVI.
such investment, and such personal loans or investments shall not be
for a longer time than one year; and not more than one-third of the
assets of a savings bank, savings institution or trust company shall be
invested in personal securities.
Section 26 we also omit, as it only covers a siugle point, that is to
say, it restricts to three per cent o f the deposits the amount which a
savings bank may invest in the lot and building for the transaction of
its business. The next section, however (Section 27), covers the most im
portant o f the provisions relating to investments that are contained in
thelaw. 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, we having inserted them so that those who need to refer to or use
any particular portion o f the section can the more readily find the part
desired. With that exception we give the section as it reads and was
passed, preserving even the punctuation.
Section 27 (as amended by Laws 1888, page 54J—With the foregoing
exceptions, the moneys deposited in Savings’ Banks, Savings’ Institu
tions or Trust Companies, and the income therefrom, shall be invested
only as fo llo w s :
(1.) In the public funds o f the United States, orpublic funds for which
the faith of the United States is pledged to provide for the payment of
interest and principal;
(2.) In the public funds o f any of the N ew England States, Ohio and
N ew York, including the bonds or notes of the counties, cities, towns.,
villages and school districts of the same;
(3.) In the stock of any national ban^ in the New England States and
New York, or banking association or trust company located in this
State and incorporated under the authority of this State;
(4.) In the municipal bonds, not issued in aid of railroads, o f th6cities and counties o f ten thousand inhabitants or more in the States of
Illinois, Indiana, Iowa, Minnesota, Missouri, N ew Jersey, Pennsylvania,
Wisconsin, and in the cities, counties and towns o f five thousand in
habitants or more in that part of the State of Michigan lyin g south of
the forty-fourth parallel, provided that no investment shall be made in
any of the cities, towns or counties in the States above named, except
cities of seventy-five thousand inhabitants or more, where the munici
pal indebtedness o f such city, town or county exceeds five per cent of
its assessed valuation, and in the municipal bonds of cities o f five
thousand inhabitants or more in the same States, when not issued in
aid of railroads and where the municipal indebtedness of such city
not allowed by law to exceed, and does not exceed, five per cent of its
assessed valuation;
(5.) In the municipal bonds of counties and cities of fifteen thousand
inhabitants or more in the States o f Nebraska and Kansas, when not
issued in aid o f railroads and where the municipal indebtedness o f such
county or city does not exceed five per cent of its assessed valuation;
(6.) In the school bonds and independent school district bonds in the
States of Illinois, Indiana, Iowa, Michigan. Minnesota, Missouri, New
Jersey, Pennsylvania and Wisconsin, when the amount of such bonds
: issued does not exceed five per cent o f the assessed valuation o f the
i respective school districts, towns, boards o f education or cities issuing
i the same.
(7.) In the public funds o f all the States named in this section, in
notes with a pledge as collateral o f any of the aforesaid securities,
including deposit books or deposit receipts, issued by a savings bank,
trust company or banking association located in this State, such notes
not to exceed*the par value nor the market value o f such collateral
security;
(8.) But no savings bank, savings institution or trust company shall
hold, by way of investment and as security for loans, more than ten
per cent of the capital stock of any one bank, banking association or
trust company, nor invest more than ten per cent o f its deposits, nor
more than thirty-five thousand dollars in the capital stock of any such
bank, banking association or trust company, and no investments shall
be made in the capital stock of any such banks, banking associations
or trust companies, owned or loaned upon, to exceed in the aggregate
one-fourth o f the deposits of any savings bank or trust company.
Approved November 28,1888.
The amoimt of loan which can be made to one person or corporation,
P O P U L A T IO N O F S T A T E .—According to the first census (1790) the
&c., is restricted by the n ext section, and w e give it in full. I t is as
population o f Vermont was 85,425, of which 44,756 were males, 40,398
follows:
were females and 271 free colored. The total in 1800 was 154,465
Section 28.—N o savings bank, savings institution or trust company
Since that date each ten year aggregate is given below.
shall loan to any one person, corporation, firm or company, or the
1890...............332,422 I 1860............. 315,098 |1830...............280,652 individual members o f such company, more than five per cent of its
1880...............332,286 1850............. 314,120 1820...............235,966 deposits, nor more than thirty thousand dollars; nor shall such loan on
1870.............. 330,551 |1840............. 291,948 I 1810...............217,895 personal security exceed ten thousand dollars.
The follow ing three sections (Sections 29, 30, 31) it is unnecessary to
In 1860-70 increase was 15,453, or 4-90 per cent; in 1870-80, 1,735
or 0-52 per c en t; in 1880-90,136 or 0*04 per cent.
insert in extenso. Section 29 restricts the amount in which any officer,
S A V IN G S B A N K S —IN V E S T M E N T S P R IV IL E G E S A N D RE director or employee may at any one time be indebted to any “ trust
S T R IC T IO N S .—The statutory provisions now in force regulating and com pany; ” since Section 32 enacts that the words “ trust company,”
restricting the investment and loaning o f the deposits of savings banks as used in the act shall “ include savings banks,” this prohibition may
of Vermont are contained in the laws of 1884 and 1888. In the former possibly apply to savings banks officers. Section 30 makes every stock
year (1884) all previous legislation respecting savings banks was col holder in a “ trust company ” liable for debts, &c., “ to the extent o f
lated and revised in and by an act entitled “ A n A c t relating to Sav “ the amount of their capital stock.” Section 31 forbids any officer o r
ings Banks and Trust Companies.” In the latter year (1888) the more employee of a savings bank, etc., receiving any fee or present, etc.,
important sections relating to investments were amended. In the fol directly or indirectly, for any loan made or security bought, etc.
low ing citations we have combined the legislation on the subject of
The next section (32)we give in full. It confers authority upon sav
investments of the two years, and therefore present the law in the ings banks to make deposits on call in banks and trust companies in
particulars mentioned as it exists to-day, no changes having been made certain States and cities, and is as follows.
by the Legislature o f 1890 or that of 1892.
Section 32.—(As amended by Laws 1888, page 56.)—The words “ trust
We first give Section 23, which has reference to investments in real company” in this act shall be construed to include savings banks and
estate mortgages. I t w ill be noticed that the section appears to author trust company. A savings bank, savings institution or trust company
may deposit on call in banks, banking associations or trust companies
ize the investment of 70 per cent o f the assets in such mortgages, one- in this State, or in the cities of N ew York, Boston or Chicago, or in
sixth at least of which “ shall be upon real estate in this State ” —that is national banks in the cities of St. Paul, Minneapolis and Kansas City,
Vermont. A proviso adds that only 50 per cent of the assets may be with or without interest, as may be agreed upon, sums not exceeding in
in the aggregate tw enty per cent or the assets of such savings bank,,
invested in mortgages on real estate outside o f Vermont.
savings institution or trust company.
Section 23 (as amended by Laws of 1888, page 56.) No investment
Section 33 enacts that savings banks may hold real estate acquired
of deposit and surplus by savings banks, savings institutions and
trust companies shall be made upon mortgages of real estate except on foreclosure or otherwise taken to secure debt, but must be sold
upon first mortgages of unencumbered real estate, the amount of such within five years, &c. Section 34 authorizes savings banks to demand
investment not to exceed three-fifths o f the cash value o f the property
mortgaged; and not less than one-sixth o f the amount of such mort and receive on loans 6 per cent interest.
The foregoing covers all the sections in the act given under the
gages shall be upon real estate in this State, and not more than seventy
per cent of the amount of the assets shall be invested in mortgages of general head o f “ Investments and Loans.”
real estate; jprovided, however, that not exceeding fifty per cent of the
B A N K S -N A T I O N A L , S T A T E A N D S A V IN G S IN S T I T U T I O N S .
amount of such assets may be invested iu mortgages o f real estate out
side o f this State. I f the investment is on mortgage of unimproved —The capital of the national banks in Vermont has slightly decreased
or unproductive real estate, the amount of such investment shall not since 1885, but the number of banks has increased, and the deposits
be more than forty per cent of the value thereof; and no mortgage
investment shall be made by such corporation except upon the report have very decidedly increased. Below is the comparison.
,----------- 1885.----------- ,--------- 1892.-----------x
o f a committee of the trustees or their board of investment.
National.
State.
National.
State.
Section 24 we do not quote, as it relates only to obtaining and paying
V erm ont—
Lee. 9.
Dee. 24.
June 30.
for insurance on the buildings which may be included in the valuation Number o f banks......
49
...........
47
o f the real estate mortgaged. Section 25 is as follow s and has reference Capital....................... $7,160,000
$7,541,000
...........
Surplus and profits... 2,935,363
2,113,908
...........
to investments on personal security.
Deposits, individual.. 8,619,235
5,125,545
---Section 25—No loans or investments on personal security shall be
There are no State banks of loan and discount in Vermont, but
made except upon at least two approved names, not less than two of
whom reside in this State or within fifty miles o f the institution making the 49 national banks have, it w ill be seen, $7,160,000 capital, $8,619,-
April, 1 9 .
88
V£f*MOTiT---CITIfcS m t >TOWNS,
-235 deposits and $2,935,363 surplus and proflts. The growth in
savings banks' deposits has been v e ry rapid, as w ill appear from the
folio Win--; in the totals for the latest year are included the operations of
fiftaeu trust companies, having many o f the functions of savings
banks. Fo t LSSO with the trust cempatiies Included (8 then) the deposits
would be JH3.6aa.231, and for 1880 with them included (5 at that time)
the deposits would be .$9,075,311.
1892,
1885.
1880.
1875.
Saei ngs Banks—
June 30.
June 30.
Juty 1.
36
Number of b an k s___
18
16
At
80,7-10
Somber o f depositors.
„4 P B I
* » , !- » „
* z ,v ,x
39,284
29,1-13
22,972
Amount of deposits.. --821.671,712 $11,218,285 $7,318,812 $6,001,694
Surplus and proiits---- 1,261.852
519,910
229.364
221751
Avers.S'u each deposit.
309
286
252
261
Including the trust companies mentioned in both periods, the
deposit? now M $21,674,742 compare with only $9,075,314 in
1880.
C it ie s . G orsrm s
and
T owns
IS THE
S T A T E OF V E R M O N T .
8 A R R E . - W . A. P e r r y , City Clerk.
This town is in Washington County.
LOANS—
Whs* Due T ax valaation 1892 ... .$3,172,397
SrivEE B iis d s —
Real value (about)........ 5,143,768
4*. JA-J. $ 18,1 0 ....... July 1,1909 i Population 1890................... 0,812
X1
Par value of bonds....
$1,000 Population 1.870.................... 1,882
Xnt. paid by Coffin & Stanton, N Y. |
If
SV. A L B A N S . —B. D.
H o p k i n s , Treasurer.
This town Is in FranMin County.
The Village o f St. Albans, with separate taxes, valuation, bonded
debt, etc., is a municipality covering a part o f the town domain.
----------- -P r in c ip a l— — —,
LOANS—
■ Interest.— > ,
—
NAME AND PURPOSE.
P.Ct. Payable.
When Due.
Oiltstamling.
Town—Refunding bonds. 3% J & J s $5,000 yearly >
$75,000
on July 1.
t
l
Village—Water bonds '84 5
J & J
Jan. 1,1894
51,900
do
ao
’90 4
A & n !0 c t ,l, ’93,tol909)
85.000
u i $5,000 yearly. (
J & T> D,ec- !• ’93-1907 ?
do
do
92 4
83.000
* u l $5,000 yearly. $
PAR V A L U E.—The Village 4s are for $500 and $1,000 each.
IN T E R E S T is payable at Boston, Mass.—on the. Village 4 per cents
at the National Bank o f Redemption and on the Village 5s at the First
National Bank.
T O T A L D EBT, Et c .—T own’s total funded debt March 1,1893, was
$75,000; Village debt March 1 1893, $219,900; less sinking fund,
$3,882 ; net debt, $216,018.
ASSESSED V A L U A T IO N ,—'Town's assessed valuation (same as ac
tual value) in 1892 was: Real property, $2,613,219; personal property
and polls, $1,300,900; total, $3,914,149; tax rate (per $1,000), $18-70.
In 1891 the total valuation was $2,674,163; tax rate (per $1,000),
$16-30. The total valuation of viEage in 1892 was $2,747,309.
V IL L A G E P R O P E R T Y .—The Village owns its water works and
two reservoirs, with a dual capacity o f 240,000,000 gallons. In year
1391-92 cash w ater receipts were $10,900; operating expenses, $2,300.
P O P U L A T IO N ,—In 1890 was 7,771; in 1880 it was 7,193.
m
V E R G E N N E S . - J . G. H i n d e s , Mayor.
This city is situated in Addison County.
T IT IT ? f I N ; r - "P J 't
JSENECA HAZELTOX, Mayor.
B U M L I [N L r L O N . — > c. 1 , ALLE N , City Clerk.
-5
When Due. T ax valuation, real, 1893,$441,000
LOANS—
W a tk k b o n d ?
This city is in Chittenden County.
T ax valuation, personal.. 249,000
(is, Sent. 1, $21,000 . Sept, 1,1894 Total valuation 1893____ 690,000
LO AN S—
— Intercut.—
------- — Principal.15-00
SP*<-j< Due. buM aw l'g. 4s, Aug. 1. 26,000 ..June 1,1908 T ax rate (per $1 ,000) ___
NAME AtiO O-J4P0SE.
V.Ct, P'i</Mr.
Interest paid by City Treasurer.
Population in 1890 was....... 1,773
City improvement bonds....... 6 J
A J July 1, 1893 c$20,000
do
do ....... 6
J
,v J July 1. 1894 e 15.000 Total debt March 1 1893 ...$50,000 Populationin 1880 w as....... 1,782
Water b o n d s ........... ............
6
J
A J Juiy 1. 1894 s 30,000
do
.......................
4 J
A J July 1, 1906 61 f 81,000 W O O D S T O C K .—T. 0. S o u t h g a t e , Treasurer.
Refunding RS. bonds, 1891... 4. A
A O Apr. i, 1931 < 00,000
«1
I This town is in Windsor County. The village and school district of
Subject to call Apr. ;. 1911.
Shfliool bonds. 1892...............
4
A * O Apr. 1, 1912 6 30,000 the same name included In the town have no separate debts.
IN T E R E S T -W H E R E P A Y A B L E - -In ter, -i nn the issue marked
LOANS—
When Due. Valuation, re a l............ $1,000,689
**a " w payable at Fourth National Bank, New Y o rk ; on the issues -is, A AO. 392.900____ Oct. 1, 1900 Valuation, personal.... 1,475,604
Subject to call at any time. Total assessment 1892. 2,476,293
marked ** b - a t the City Treasurer's office, a»d on the issues market! Bonded debt Feb. I, 1893.$92,900
Assessment about P; actual value.
, 'r " a t the Ninth National Bank o f N ew York.
Floating debtFeb. 1, 1893. 9,101 Tax i-ate (per $1.000)...
$15-00
TO TA L OEBT, SINKING FUND, Erc.-Ttotal bonded debt Jono- Total debt Felt. 1, 1893.... 102,001 Population in 1890 was....... 2,545
IN T E R E S T is paid at the Woodstock National Bank and at the
ary 1, 1.893,. 1413,000: dcdttcf lib'iid.f In idnfcjillf
d. $1 10*415; m t
r
debt , $3042585-c o f wbfeS»$190,000 i* wat<:> did:ft. The>nefe * ebt In 1801 National Revere Bank in Boston.
1
mm m r i M IS, The cife;f 1m# alto a (i-mkUng delbf, It,*r
ervotr eonU to ht» pai <
»tnt*tiiois#-- m nmmtmg U> $2C»,00C*. This
1in £
mntiat paym
fe-nts # f $%
cadi. The sinking fund l » Ink EC 1 irfty bond*.
«i :»
valuation and the tax |
ASSESSED VALUATION.- The
rate lutv hmn ** follow? In the rears indie
Tax rate
,rrar*~— f mum
Ymr$.
Bermmt.tl.
Tnial
&wh
per f 1,000,
$4,08Hf. 23
....... -$0„99 8,5>30
5
$11,984,054
$10-00
tm i.
3 ,217,!209
......... *L927,9am10.115.172
12 00
1690.
8,150,000
1880........
1 i ’00
POPULATION, tn 18901;m [n>I*Whitlon w« * 11,590 ; in 1880 It was
1 I M w in l 870 it w *, U .,387.
<
X
>
N .H. A l l e x , Trcasu rcr.
Fair II vvtin h -dtuated hnBnUmmJ 0*>i3
$8,948
»rhen j9wc* ! 8ln)king ftltd.__........ ..
LOANShW.4TKE m
..
53,052
i
...... ... . .. . I ! Ht.~ ( Tas: vstliit!dum 1802,,.. ..1,049,012
4s, J ,klK rts
S.
I
$17-00
H>cr $1,000)..
eek to call aft«;r fMi,5 1 fit %
I
|mlatiom 1800._____ .......2,791
bt.,
^17,.IXW l l‘.>
P lottin g
,000 t
rttlatifiill 1880..........
Total debt 1
1893,.............. .
FAIR
M ID D L E B U R Y ,
Jtifi&l.
vf& Aft’lti'!
i c, e , P IN N B Y, Town Treasurer,
i
1M 8, SII E LD ON, Village Clerk.
L
&o f tlie mw® name, is situated j
V IL L A GB.
When Dm .
L O A N S -When Dm .
Loans
'Tttwu i m i >*, 118,390. . . . . . . A $90 ! $<d»md ‘} *, $5/100................... 1894
Tax r»Uiati OH, 1801 $ 1,895A 77 \ Called ut option o f village.
-81-J-oo W ii’ c r !•<. $30,000 . ...........1 9 2 1 1
Tux rai* ip »r | t,0 d 0 ),
Population 1800........ _____2,793 l Population 1890.................. 1,762
PojmiatUm IS80........ .......2 ,9 9 3 I Popu lation 1 8 8 0 .....___ . . . . . 1,834 j
M O N T P E L I E R . - F . L. E a t o n , Treasurer.
The town of Mo&tpi-Uer i-. situated in Washington County and
% . tl
tm
■ m aim; name, which lias a debt of iU own as
of $.
iWMemUM In tin m tewing%
When. Due Bonded debt of town, *93. $77,300 j
LOANSBonded debt o f village..
34,000
T nwx fjrta » 4*. 3 A J. 837,30* . net. 1, 1$94 l Float ing debt of village.. 30,000
o 0*4. I, 1.896 f Town valuation 1892.,. .3,564,297
4*, J .v .1 $40dK«"j... i » ‘ ( 1, i o n ; Town valaatIon 1891— 3,503,529
,
Sobjeet to call nff**r Jan. I, 18Wi |Total vaL o f village----- .3/431,767
V tlh k Q * W a te r U > kx~~
i Water, net- Itieome 1892.
8,000
4%*, J & .1, $34,000. .July 1. P>Ot ( Tax mb- per $1.000.......
$15-50
Subject to call after July 1, 1^89 j Population in 1890 was....... 1,100
R U T L A N D . — H e n r y 0 . C a r p e n t e r , President.
Tin., vlllag- is In » town and a county o f the same name.
When P m . Total debt Mar. 1, 1891....$77,500
LO A N S
(Including water debt.-----62,o00)
Ft MU O ORIO.RS,r«. . . . $5,000 ....... A t option Estimated village rtpenaes ...
for 1891 ... ;...............; 13,500
4 O .. . . 10,000. .. ..1800 to 1893
rU
Foimlathm of village in
due yearly.)
149(1 was.......................... 8’?^?
rA t » »
. . . $25.fg«» . . ... July, 1993 Population in 1880 w o*...... 7,»02
So.
.....Jan ,, 1897 Population of town In 1890
Was.... , ..........-............ 11,/60
...... 13,500 .. .,. , Jan., 1899
...... 14.000 , . . . July, 1899
18
Vol. LVI.
S I v m AWT* CITY S U f f lt W t f l T ,
State of Massachusetts.
ITS
D E B T , RESOURCES, E tc .
Admitted as a State
One of Original Thirteen
Total area o f State (square miles)
8,315
State C a p i t a l ........................................................Boston
Governor (term expires 1st Wed., Jan. 1894) W illiam E. Russell
Secretary o f State (term exp. 3d Wed. Jan.’ 94) W illiam M. Olin
Treasurer (term exp. 3d Wed. Jan. ?
94)
George A. Marden
Legislature meets annually the first Wednesday in January,
and sessions are not limited as to length of time.
H I S T O R Y O F D E B T .— In 1821, the year follow ing the date of
Maine’s separation from Massachusetts, the amount of Massachusetts
debt, which after deducting the portion assumed by Maine reached
nearly $500,000, was paid off. A t that time the State’s financial
affairs were managed with great care and economy. But in 1835
a little different spirit appears to have possessed the people, or
at least the government; for at that date and during follow ing
years taxes were remitted and appropriations made without
the same regard for the ways and means of payment that had
theretofore been observed. As a consequence the excess o f ex
penditure appeared in the shape of a gradually increasing floating
debt which in 1839 reached $300,000, and was funded in a 5 per cent
stock. That amount is, of course, more significant on account of its
being the starting point of the present indebtedness o f Massachusetts,
than on account of its size, though in those days size was not measured
hrough modern glasses. I t is o f interest, too, to mention that among
the appropriations o f this period was one o f $32,000, a State bounty
on wheat and silk production, indicating that the same thought which
as we have seen prevailed in Maine found lodgment also in Mass
achusetts ; but in applying the thought, the method used and the amount
granted show that the old Bay State possessed the more frugal mind.
Another and a very important departure in the m atter of the State
debt occurred in 1837. In that year the first loan was issued in aid of
railroad construction, the issue being in behalf of the Western Railroad,
(now a part of the Boston A Albany), and the amount of the issue being
$2,100,000, under an act of February 21,1835. Subsequently it was
found that the estimated cost was much too low, so that the State
was compelled to add other subscriptions, the last being for $700,000,
by act o f March, 1841, making the total issues for that enterprise
reach $4,000,000. Other similar liabilities were assumed in aid
o f other roads about the same time, so that the total debt
in January, 1847, amounted to $6,044,555. Later transactions
of a like character are so fam iliar as hardly to need recital
here. And yet this brief resume would be lacking in its most
conspicuous feature were we to omit separate mention of the Troy A
Greenfield Railroad and the Hoosac Tunnel. The Hoosac Tunnel enter
prise first received legislative recognition as far back as 1854, though the
earliest issue o f bonds under that act, of 22,500 pounds sterling, was not
made until 1858. In July, 1861, the company abandoned the work and
the State took it up, carrying it on until 1877, when the Governor in his
address to the Legislature announced that the tunnel was finished, the
total issue of bonds by the State on account o f it reaching $14,198,028.
Of course for all subscriptions to railroads, etc., the liability in cases
where the State did not own the property was covered by a mortgage
to the State on the road aided, sinking funds being also provided for
the redemption o f the bonds when they fell due.
The only other large class o f debt Massachusetts has incurred is the
Civil War debt. Payments on this acccount, in one form and another,
have been continued down to the present time. We notice that State
Auditor Ladd in 1885 made a summary o f amounts so disbursed down
to close of 1885, as fo llo w s :
For State and m ilitary aid from 1861 to 1835............... $18,242,324 35
For amounts reimbursed cities and towns, bounties paid
3,486,140 59
For bounties paid by State.............................................. 14,255,058 91
For interest paid on bounty loan..................................
9,116,923 73
LO AN S—
'— Interest.— s ----------- P rin cipal.--------- %
NAME AND PURPOSE.
P.C t. Payable.
When Due. OutstancPg.
Trov & Greenfield R R ___c*«fcr 5 g A A O Oct, 1, 1893
550,000
do
.do
g o ld .. .c*<fcr 5 g J A J July 1, 1894
300.000
I do
do
gold,.. .c*«fcr 5 g J A J July 1, 1895 1,300,000
do
do
gold.,..c*.fcr 5 g M A S Sept. 1, 1897
370,000
do
do
sterl...c*«fcr 5 g J A J July 1, 1895 £309,500
Worcester Lunatic Hospital... 5
M A N May 1, 1895 $750,000
do
do
do ... 5
M A S Sept. 1, 1896
350,000
PAR V A L U E O F B O N D S .— The coupon bonds are in $500 and
$ 1,000 pieces and the registered $1,000 and upward.
IN T E R E S T - W H E R E P A Y A B L E . -In te r e s t on all sterling bonds is
payable by Baring Brothers, London; on all others at State Treasury,
at Boston.
T O T A L D E B T , S IN K IN G F U N D S , E TC .-T h e subjoined statement
shows Massachusetts’s total funded debt and the sinking fund held by
the State against the same, on the first of January o f each of the last
three years.
1893.
1892.
1891.
$27,929,554
Total funded d ebt........ $29,277,415
$31,381,158
19,089,914
21,568,960
Sinking funds............... 20,342,372
N et debt on Jan. 1 . $8,935,043
$8,839,640
$9,812,198
This statement shows the aggregate amount of State liabilities now
outstanding to be $29,277,415, but the actual debt of the Common
wealth is $5,401,000 less, viz., $23,876,415. The deductions are made
on'account o f the Arm ory Loan, $980,000, which is to be paid from
a sinking fund sustained and increased each year by the taxation of the
cities in which armories are located; and the Metropolitan Sewerage
Loan, $4,421,000, which w ill be paid by a sinking fimd created and
endowed by the taxation of several cities and towns benefitted by the
sewer.
Sin k in g F unds in D e t a il .—On Jan. 1, 1891, the sinking funds for
the several loans stood as fo llo w s :
/
------- Sinking Funds------ <
Loan.
Cash.
Securities.
Total.
A rm ory................................ $9,745
$111,000
$120,746'
Boston H artford A Erie RR. 13,229
3,676,233
3,689,462
Bounty................................ 760,768
6,856,335
7,617,103
Prison and hospital............ 65,382
1,789,771
1,855,152
State House........................
58,015
157,500
215,515
Troy A Greenfield R R ....... 119,884
7,951,098
8,070,982
T otal........................... $1,027,023
$20,541,937
$21,568,960
E X P E N D IT U R E S .— The follow in g shows the expenditures of the
State during the past tw o y e a rs :
1891
Ordinary expenses........................................ $2,735,662
Exceptional expenses............................ ...... 16,133,676
1892
$2,920,564
9,022,143
Totals....................................................... $18,869,338
$11,942,707
A S S E S S E D V A L U A T I O N .— The State’s assessed valuation has been
as fo llo w s :
Tears.
Beal Estate.
Personal Property.
Total.
1890.................$1,600,137,807
$1,013,077,330
$2,613,215,137
1889................ 1,529,499,912
958,980,774
2,488,480,686
1888................ 1,460,520,022
939,051,472
2,399,571,494
1887................ 1,407,660,086
904,865,934
2,312,526,020
1886................ 1,340,493,673
839,409,214
2,179,902,887
1885................ 1,287,993,899
827,043,710
2,115,037,609
1884................ 1,258,452,712
829,339,811
2,187,792,523
1883................ 1,226,111,297
835,601,175
2,061,712,472
1882................ 1,189,524,370
812,858,614
2,002,382,984
1881................ 1,149,965,827
883,886,538
2,033,852,365
1880................ 1,111,160,072
816,695,358
1,927,855,430
N o te .—In 1889 the personal property includes the follow ing item s:
Personal property (including bank stocks), $553,996,819; hank stocks
held by non-residents not included in foregoing item, $30,006,787 ;
savings hank deposits, $216,296,406; shares in corporations above
real estate and machinery taxed locally, $212,777,318; total, $1,013,077,330.
P O P U L A T IO N O F S T A T E .—Massachusetts has the largest popula
tion o f any of the N ew England States. In 1790 numbers were 378,787 and in 1800 422,845; in the next fifty years the increase was to
994,514, hut it is in the forty years since then that the additions have
been especially marked, the 1890 Census showing a total o f 2,238,943.
1890........... 2,238,943 I 1860........... 1,231,066 |1830...........
610,408
1880........... 1,783,085 1850........... 994,514 1820...........
523,159
1870........... 1,457,351 |1840........... 737,699 |1810........... 472,040
I t deserves to be pointed out that in the last three decades the rate o f
growth has been steadily rising, having been 18*38 per cent in the de
cade from 1860 to 1870, 22*35 per cent in the 1870-80 period and 25*57
p ercen t in the 1880-90 decade. As showing the State’s coincident
growth in wealth it may be noted that the deposits in the savings banks
of Massachusetts on October 31,1892, amounted to $393,019,862, or
say an average o f about $160 per head o f population.
D E B T LI M IT A T IO N 3.—There seems to be no provision in the Con
Total payments on account o f Civil W ar...................... 45,100,447 58
The above, he says, does not include interest on the State aid pay stitution o f Massachusetts lim iting the power o f the Legislature to
ments, and if added at 5 per cent “ the aggregate would reach over create State indebtedness, or lim iting its power to authorize municipal
$59,000,000.” A t the close of 1890 there were outstanding of bonds indebtedness. Statutes general and special have, however, been passed
issued on account of the war less than $9,000,000. The whole debt on on this subject with respect to Cities and Towns.
First among these Statutes needing mention we have Chapter 29 of
January 1,1893, was $29,277,415, having been increased $1,348,000
during the year 1892 by the issuance of Arm ory bonds, State House the Revised or “ Public Statutes.” The important sections to be cited
eontained in Chapter 29 are as follows. We give only the substance
bonds and the metropolitan sewerage loan.
o f the sections, not the words.
--------- P rin cip a l.-------- %
L O A N S ''------Interest.----- v /
Sectio n 1—Provides that cities and towns shall not incur debt
When Due. Outstand’g.
NAME AND PURPOSE.
P.Ct. Payable.
except in the manner and within the limitations prescribed in thisArm ory bonds, gold...............r 3 g M & S Sept, 1, 1918 $830,000
do
do
do.................. 3
M A 8 Sept, 1, 1920
55,000 obapter.
Se c tio n 2—Provides (as a prelim inary for determining whether the
do
do
do.................. 3
95,000
M & S Sept. 1, 1921
Bos. H. A E rie RR.ster’g.e*<fcr.
5 g J & J Jan. 1, 1900 .£743,600 limitation fixed by Section 4 has been reached by any m nnioipality)
Bounty fund, gold.......... c*<fcr.
5 g M A N M ay 1, 1894 $4,379,500 that the water debt and the sinking funds shall be deducted from thedo
do sterling___c*<fer.
5 g M A N May 1, 1894 £826,600 total debt.
Jan. 1, 1894 $650,000
Danvers Lunatic Hospital. e*&r
5g J &
Sectio n 3—Provides that the first 17 sections of chapter 29 shall not
do
do
do
c*&r 5 g J &
July 1, 1894
250,000 apply to debts incurred in aid of railroads, to water scrip issued under
do
do
do
c*&r 5 g M A
Sept, 1, 1896
450,000 special statutes, or to indebtedness for a fire district.
do
do
do
c*&r 5 g M &
Sept, 1, 1897
150,000
S ection 4—Provides that no city or town except as provided in the
Metropolitan sew er................ 3 g J &
Jan. 1, 1930 4,421,000
July 1, 1901
830,000 follow ing section shall become indebted in an amount which exceeds 3
State House............................ 3
J A
per cent bn the last preceding valuation.
State House construction___r
3 g A & O Apr. 1, 1909 2,500,000
S ection 5—Provides that cities and towus which were indebted on
do
do
.....................
........... 1901 2,000,000
State prisons, sterling___c\fcr
5 g J A* J Jan. 1, 1895 £267,000 the 13th day o f June, 1875, to an amount not less than 2 per cent on*
valuation for that year may “ increase such indebtedness to the extent.
Troy & Greenfield R R ___c*&r
5 g A & O Apr. 1, 1893
200,000
do
do
do...... c*«fer 5 g J A J July 1, 1893
400,000 “ of an additional one per cent on that valuation and. no more.”
April, 1898.
W S S / ^U S rTTS -B E S T Of I W I ,
19
Section 6—Provides, that cities. <fee.t “ may by ordinary vote incur | First mortgage bonds of the Worcester Nashua & Rochester Railroad
debts for terapory loans” in anticipation of the year’ s taxes and o f the Company, issued according to law, notwithstanding said road is leased
year’s taxes next ensuing.
to the Boston & Maine Railroad.
Bonds and notes of the Boston & Lowell Railroad Corporation, issued
S ection 7—-Provides that other debts than those referred to in
6 shall be incurred only by a vote of two-thirds of the voters according to law, notwithstanding the mortgages on that portion of its
road formerly belonging to the Salem & Low ell and Lowell & Lawrence
present at a town meeting, o f tw o thirds of all the members o f each
. .'proved by the Mayor; or if the Mayor railroad companies.
First mortgage bonds o f the Concord & Montreal Railroad, notwith
disapproves, by another like vote after notice o f sneh disapproval.
standing
by the
more compa
Section $—Provides that debts incurred for w ater must be payable nies onlysuch company be formed regular union of two orthe two years
one o f which has paid
dividends for
within 30 years; in constructing sewers within 20 years; all other debts next preceding such investment on all its issues of capital stock, and
within 10 years.
notwithstanding the mortgage indebtedness existing on that part of its
Sections 9 to 17 inclusive, contain interesting provisions relating to j road formerly belonging to the Boston Concord & Montreal R ailroad:
sinking funds and other allied matters.
provided, however, that said bonds shall be issued in whole or in part to
S ection IS —Provides that any city which at a meeting of its voters i renew and refund said existing first mortgage indebtedness, and that
.
has accepted by a two*thirds vote any act to supply said city with } an amount of such bonds equal at the par value to the amount of such
water, may by a vote o f a minority o f the members o f each branch of | existing mortgage indebtedness shall, by the terms of the mortgage se
curing the same, be made applicable exclusively to the payment'of such
the city council contract debts and "issue bonds fo r the purpose.
existing mortgage indebtedness and, fo r the purpose o f securing such
S ection 19—Provides that towns, &&., shall not increase their debt j payment at the maturity of the same, shall be deposited with and held
by subscriptions in aid of railroad.* beyond 3 percent o f valuation; but i by such trust company, incorporated under the laws o f this Common
the lim itation o f this section shall not apply to temporary loans men- j wealth and doing business in the city of Boston, as may be approved by
tinned in Section 6.
the board of commissioners of savings banks.
First mortgage bonds of the Maine Central Railroad Company, not
S ections 20 to 23, which are the dual ones o f Chapter 29, have no
reference to the subject we are discussing and need not be oiled.
withstanding the existence o f a mortgage indebtedness not matured
upon the whole or a part of the road o f said railroad com pany: pro
As the reader lias seen, the foregoing (Section 4, Chapter 29) fixes the
vided, however, that said bonds beissued in whole or in part to renew and
general debt limitation for title * and town* al 3 per tent.
refund said existing first mortgage indebtedness, and that an amount
This general limitation was lowered by a later law. The provision is of such bonds equal at the par value to the amount o f such existing
found in Chapter 312, Section 2 o f the “ Public Statutes," which provi- i mortgage indebtedness shall, by the terms of the mortgage securing the
same, be made applicable exclusively to the payment of such existing
«ion reduces the general debt limitation from 3 per cent to 2% per J mortgage indebtedness; and for the purpose o f securing such payment
emu n the average valuation for the preceding three years. Worcester, . at the maturity o f the same, said bonds shaEbe deposited with and held
a are in the same Section exempted from j by such trust company, incorporated under the laws of this Common
Lynn, Gloucester and B r
wealth and doing business in the city of Boston, as may be approved by
til January 1, 1889—later than 1839 the j the commissioners of savings banks.
the operation o f the Sect!
.e
only exemptions we find in tin Statutes are special in their purpose, { Bonds or notes of the Boston & Maine Railroad, issued according to
law, notwithstanding any mortgages on that part o f its railroad, fran
n ot general.
chises and property formerly belonging to the Eastern Railroad Com
The temporary loans proviri m f m It appears above la Section 6 pany, the Eastern Railroad in N ew Hampshire, or the Portsmouth
'(Chapter 29), is also changed by Bratton 1, Chapter 312, by omitting j Great Falls «fc Conway Railroad.
B a n k S to c k ,—
•Thirty-jive per vent o f deposits, both as loans and
•* and o f the year next ensuing; so that at present cities and towns by
ordinary eat i can Incur debts o r temporary loans la anticipation of | investments.—Stock o f any bank incorporated under the authority of this
Commonwealth.
the taxe# o f the year only in wh eh sach debt# arc incurred.
Stock o f auv national bank located in any of the N ew England
The foregoing statements eov *r all the material facts general in their I States.
Stock o f any trust company, or
trust
application %nmm& with respe ft to debt limitation. In addition to j Incorporated under the la ws of andsafe deposit andwithin company,
doing business
this Com
re
contain monwealth, m provided for in chapter four hundred thirteeen o f the
these General .Ibrovisioiis there 6 various Special Laws wti
kpj ■to Bos* acts o f the year eighteen hundred eighty-eight, or of those trust com
'4
Me~pUanM to the general law a?
panies. or Mate deposit ami trust companies, incorporated as such by
rithara, Wo
ton, Cambridge* Lynn. Newtmr
••• d al chon- r* -ranted muter the laws of and doing business within
tebfc iimlta
A full statement o f the law a
this Commonwealth, whose special charters require them to provide
-notions thirteen and fourteen of
ettle# (ter which ip w ia l p roridoiw or ox©options have bceu passed) wlij the same -••••urn
t o f the city’ s debt ! said chapter four hundred thirteen.
be found in connection with the detailed
-dy fo r loans, in the stock o f
given In l t » order below.
any one hank, (nisi ‘ ompany, or safe deposit and trust company not to
c
exceed three per cent o f deposits nor more than $100,000, nor an amount
S A V IN G S S A N K IN V E S T ME N T S - -PO W ER: S A N D R E S T R iC - j exceeding one-guarler o f the capital stock thereof.
Y lO N S c —The provirion* regnlatl ng fit e tavrateilent# and loans of
I t i a l is o la te f o r B a n k in g P u r p o s e s .—Ten ® # cent o f deposits,
raving* bank* and Institution:# ter1 savin;gs in Mil sraeimsetts arc con- hut not exceeding $200,000.—For the purchase o f a site and the erection
*. Thet© pro- [ or preparation of a suitable building for the convenient transaction of
4
toliied In Beetteu 29, €%apter I t 0 o f the Fttblte 8
virion* have been compiled by the C’OfBUalsrionera- o f Bnvings Banks, J Its msines
R e a l Ite ra te b y F o r e c lo s u r e . —May hold real estate acquired by
and we cannot do better than to gt*m theI f eomptlsAtlOXl, which we do foreclosure or otherwise; same to be sold within five years after the
below fn full.
title is vested in the corporation. Commissioners may in certain cases,
upon petition of the board o f investment, grant an additional time
Mraarahttrat t* raving#' bank tie]MMit* and the Income <
within which such real estate shall be sold. See chapter 77, Acts of
Tram d ial! be invented only in man:tier tel lowing, to-wit:
1886.
f * « b ite F lu id **.— I -lyregaU of tm m tim m t» Uni im lU d.
L o a n # o n R e a l It e r a te ,—
•Seventy per cent o f whole amount o f
Bond# o f the United mate*.
situated in this CommonBond# o f any o f 'the Now Raglan d Stab
I, to an amount not exceeding sixty per cent of the valuation
1
Bond# o f the State* o f Now V»irk. 1 1imn*, U m nsylvaala, Ohio, In- thereof, no loan to be made except upon report o f not less than two
m
•dlana,. tow#. Wisconsin, Michigan a l o f ithe Dtetritd o f OtilttiBbte.
Member* of the hoard of investment, who shall certify to the value of
Bond* or note* of any county, eft y we to wn oft this Com«:mu wealth.
the premises to be mortgaged, sueli report to be filed and preserved
iPmd* or note# o f ira ?rp > r»h d iftatrietn hi Mnmsiebuset:ts whose net | with the records of the corporation.
IndebtedmM-u doe- tint exceed five %mt witit o f ihe I;i p r e ceding vmluiP | b o o «1H o il P e r NOn si i Seen r lf v.—Thirty-three and one-third per cent
im n t o f tu
tinii o f the property therein-for the
o f deposits and income. Bonds or other personal securities, payable
Bond# or note# o f any city o f the Statea o f Mainto, Nevr Hampshire, j .usd to h© paid at a time not exceeding one. year, with sit least two
whose neil ind«*b(e ln c # * doe« f uuvties, if principal and sureties are all citizens o f and resident in this
Vermont, Rhode trif&nd o r Conner
p o f property 1
i
not exceed five per cent o f the la
Commonwealth, provided that the total Liabilities to any such corpora
therein ter the
o f luxe*
tion of aiiv person, partnership, company or corporation
money
f Maine, New borrowed upon personal see.uritv, including in the liabilities for a part
»r
Bond* o r note# o f any' county * tow:b o f the B
of
■
net indebted- nership or company the Habilitio o f the several members thereof, shall
Hampshire, Venaniit, Baade Irian*
mmlinfir valuation o f \ ;it no time exceed five per cent of such deposits and income.
Brag* i%mm not exceed three per ran t of t l
property therein ter the araewsfaoat o f taxo*.
L o a n * o n R a i l r o a d -Stock —Aggregate o f investments unlimited.
■'
—Note* of citizens of this Commonwealth, with pledge as collateral of
■
the stock o f any railroad company incorporated under the authority of
wild*!#* aarmmm.. hut on. whteh the interest h*u been fully paid, o f any J 1Jflv „ f the New England States whose road is located wholly or in part
ml a, Iridlahn, 1 therein, which is in possession o f and operating its own road, and
City o f the Mtute# o f New York, uIhto. SIlined#,
\ investment which has earned and paid regular dividends o f not less than five per cent
i
Michigan, Iowa oud Wisconsin, hov
more than 39,000 Inhabitant*, t-*
per annum mi nil issues of its capital stock for five years next preceding
State cf-wiw ter city <*<*«*«» certiftef to by t
the date of such note or notes or any renewal thereof, at no more than
raid city* and taken In the name mint net $m
seven tv-five per cent o f the market value thereof, such note or notes to
grm®*Mu$ inch tsrrmtmmnl}, and whose ite
be made payable on demand and to be paid or renewed within one year
erne*I five per cent o f the Im t preceding t i
ter the mnmmmm%o f ta x p .
Street railway companies shall not he considered railroad companies
vMmenl* Unlimited. within the meaning o f this section.
f t » ! I r o a d U<» m l * a n d S a t e * ,—J ffffrey*
*
■rporated under the
— tut mortgage bonds o f any railroad comp
L o a n s o n P u b lic F u n d # —Aggregate o f Investments Unlimited—
authority o f any o f the Hew England St,
Notes o f a uv citizen of this Commonwealth,with pledge o f the bonds of
&
and°operat S g its ?he United s ta te *; any of the New England States; State of New Y o r k ;
n
wholly or in part therein, which M in po**e
vldend* for the two howl* or note# of any a tv. county or town o f this Commonwealth;
own road, and which haa c im o i and paid rr
year* next preceding such Investment; or 1
bonds or notes of any city of the States o f Maine, New Hampshire, V er
rad company so in* mont Rhode Island or Connecticut whose net indebtedness* does not
gtiarantebd by #uch railroad
vl Is tipi
^Bsnrpoirated wtmm
,.v .,vd five per cent o f the last preceding valuation of property therein
uebrporated under for the o n o jit of taxes; bonds or notes o f any county or town
. M rst mneigMete
id whose road is fo f hereof whose net indebtedness* does not exceed three per cent of such
the iteithority of mi f at the New 1
nd paid regular dlv©uteri wholly *it In part in ti
blend# for the two f curs u©;stprcc
to exceed the par calm o f the securities pledged.
< %
nm - h
Of capital ste«k* notwtthri arnliii:
Note-of auv citizen of this Commonwealth, with a pledge as collateral
leased to ranst* oth«ht rallfos
o f the bonds of the States o f Pennsylvania, Ohio, Michigan, Indiana,
or no
f any ml Iroad
Illinois Wisconsin. Iowa, and of the District of Columbia; of any city
T1
o f this Qmtmicmw®rith, wh<|g# | »|
of the aforesaid States and the State of New York, issued for municipal
nnmxr urahere*Xby iTiortgiigit, whU
mn ooses a i
*1 to take up at maturity bonds
five per cent pnet mmum tei- t wo y
which have been issued for other than municipal purposes, but on
ilroa d compai
Bireei rmimom cmw
winch the interest has been fully paid, which has at the date of such
jmwte* ishall i
■within the. meaning o f this ixeetion.
investment more than 30,000 inhabitants, as established by the last
y« Issued ace*
B m rU o r noira « f the Oftd Cote
national or State census, or city census taken in the same manner as a
part
tng to tew, nw(M iiiwtandlm% tim
national or State census, whose net indebtedness* does not exceed five
n Fitchburg *& Hew Bedford per cent of the last preceding valuation of the property therein for the
fownerty betel:igSmp to- "fho Boete
Railroad Compony
exceed- eighty per cent o f the market value o f the securities
Itoiid# wifi t
o f the irttehh
lag to tew.
pledged.
L o a n # o il R a i l r o a d B o iu U .-A g g reg a te o f Investments Unlimited.—
triet In any
M o f city, town or
i
* 'The term ''* m l Indehterinrae!
ts In savings Notes o f an v citizen of this Commonwealth, with a pledge as collateral
statute limiting or regulating the Investment o f tbodcj
construed to of any of the following securities, viz.: First mortgage bonds of any
bank# and trust eompantes, or other tike funds, shall
railroad company incorporated by any of the New England States,
denote the indebtedness o f sucti city, town or district os
ieducting tne whose road is located wholly or in part therein, which is in possession
created for supplying the Inhabitants with water, and deducting the of and operating its own road, and which has earned and paid regular
amount of sinking funds available for the payment of such indebted- 1dividends for two years next preceding such investment.
20
ST/VTE
Vol. LYI.
CITY SUPPLEMENT.
First mortgage bonds, guaranteed by such railroad company, o f any
railroad company so incorporated, whose road is thus located.
Bonds or notes of any railroad company incorporated under the laws
o f this Commonwealth whose road is located wholly or in part in the
same, which is unencumbered by m oitgage, and which has paid a divi
dend of not less than five per cent per annum for tw o years next pre
ceding such investment.
First mortgage bonds of any railroad company incorporated under
the authority of any o f the New England States and whose road is
located wholly or in part in the same, and has earned and paid regular
dividends for the two years next preceding such investment on all its
issues of capital stock, notwithstanding the road of such company may
be leased to some other railroad company.
Bonds or notes of the Old Colony Railroad Company.
Bonds or notes of the Fitchburg Railroad Company.
First mortgage bonds of the Worcester Nashua & Rochester Railroad
Company.
Bonds or notes of the Boston & Low ell Railroad Corporation.
First mortgage bonds of the Concord & Montreal Railroad, not
withstanding such company be formed by the union of two or more
companies, 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 of its road formerly belonging to the Boston Concord &
Montreal Railroad: jmovided, however, that said bonds shall be issued
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
to the amount of such existing mortgage indebtedness shall, by the
terms of the mortgage securing the same, be made applicable exclu
sively to the payment of such existing mortgage indebtedness and, for
the purpose of securing such payment at the maturity of the same,
shall be deposited with and held by such trust company, incorporated
under the laws of this Commonwealth and doing business in the city
of Boston, as may be approved by the board of commissioners of sav
ings banks.
First mortgage bonds o f the Maine Central Railroad Company, not
withstanding the existence of a mortgage indebtedness not matured
upon the wliole or a part of the road of said railroad company:
provided, however, that said bonds be issued 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 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 mortgage indebtedness; and for the purpose o f securing
such payment at the' maturity o f the same, said bonds shall be depos
ited with and held by such trust company, incorporated under the laws
of this Commonwealth and doing business in the city o f Boston, as
may be approved by the commissioners o f savings banks.
Bonds or notes of the Boston & Maine Railroad, issued according to
law, notwithstanding any mortgages on that part of its railroad, fran
chises and property formerly belonging to the Eastern Railroad Com
pany, the Eastern "Railroad in New Hampshire, or the Portsmouth
Great Falls & Conway Railroad.
Loans not to exceed the p a r value o f the securities pledged.
L o a n s o n B a n k S to c k .~Th ir(y-fiveper cent o f deposits both as loans
and investments.—Notes of any citizen o f this Commonwealth, with a
pledge as collateral o f the stock of any bank incorporated by this
Commonwealth; or the stock of any national bank located in any of
the New England States; or the stock of any trust company, or safe
deposit and trust company, incorporated under the laws o f and doing
business within this Commonwealth, as provided for in chapter four
hundred thirteen o f the acts of the year eighteen hundred eiglity-eight,
or of those trust companies, or safe deposit and trust companies, in
corporated as such by special charters granted under the laws o f and
doing business within this Commonwealth, whose special charters re? uire them to provide the same security as prescribed in sections tliireen and fourteen of said chapter four hundred tliirteen.
Loans to be made at no more than eighty per cent o f the market value
o f the stock pledged, and not exceeding the p a r value thereof.
Holdings, by way o f investment or as security f o r loans, in the stock o f
any one bank, trust company, or safe deposit and /mist company, not to
exceed three per cent o f deposits, n or more than $100,000, n or an amount
exceeding one-quarter o f the capital stock thereof.
L o a n s t o D e p o s it o r s —Aggregate o f Investments, Unlimited.—P er
sonal notes of depositors in the corporation, but not exceeding onehalf of the amount of his deposit to a depositor, with pledge o f deposit
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
deposit sums o f money, on call, in any bank incorporated under the laws
of this Commonwealth, or in any'national bank located in any of the
New England States, or in any trust company, or safe deposit and trust
company, incorporated under the laws o f and doing business within
this Commonwealth, as provided for in chapter four hundred thir
teen of the acts of the year eighteen hundred eighty-eight, or in those
trust companies, or safe deposit and trust companies, incorporated as
such by special charters granted under the laws o f and doing business
within" this Commonwealth, whose special charters require them to
provide the same security as prescribed in sections thirteen and four
teen o f said chapter four hundred thirteen, to an amount not exceed
ing live per cent of total deposits, nor exceeding twenty-five per cent
of the capital and surplus of any such bank, trust company or safe de
posit and trust company.
B A N K S -N A T I O N A L , S T A T E A N D S A V IN G S IIN S T IT U T IO N S .
—Banking capital in Massachusetts is v ery large. In fact as far as the
national institutions are concerned capital is larger than for New
York, though on the other hand Massachusetts, unlike N ew York, has
no State commercial banks. Of course deposits are much heavier in
N ew York.
H ere is a comparison of the Massachusetts figures at
the close o f 1892 and the close of 1885.
,---------- 1892.-------- >,---------------1885.----------- v
Loan <• Tr.
£
Loan < Tr.
£
National. Companies. National. Companies
M assachusetts —
(Dec.9, ’92.) (OJ.31,’92.) {Dec. 24.)
(Oct. 31.)
Number o f banks.......
268
20
248
(>
Capital.........................$99,265,420 $8,975,000 $95,976,050 $3,300,000
Surplus and protits.... 41,324,400 6,475,305 32,880,186 1,043,646
Deposits, individ u al...183,473,134 78,112,829 133,038,968 23,255,033
As already said, Massachusetts has no State commercial banks, but
as will be seen there are no less than 268 national institutions, with
$99,265,420 capital, $41,324,400 surplus and $183,473,134 deposits,
and besides these there were Oct. 31,1892, 20 loan and trust companies
organized under State law with $8,975,000 capital, $6,475,305 surplus
and $78,112,829 deposits, the latter including $6,627,740 of trust
funds. In the matter of savings banks deposits and depositors the
Commonwealth stands second only to N ew York, and it actually has
more savings banks than the latter.
1875.
1880.
1892.
1885.
Nov.
Oct, 30.
Savings Hanks— Oet. 31.
Oct. 31.
164
180
No. o f banks....184
171
706,395
720,639
848,787
No. depositors..
1,189,936
Amt. deposits. .$393,019,862 $274,908,413 $218,047,922 $237,848,963
5,691,416
11,814,989
7,428,348
Surp. & profit.. 22,543,903
309
330
324
A v. ca. depos...
330
Massachusetts certainly showed large deposits in 1875, when the
total amounted to $237,848,963, but now the deposits reach the impos
ing aggregate o f $393,019,862, with the number o f depositors consider
ably in excess o f a million.
Citie s , Counties an d T owns
IN THE
S T A T E OF M A S S A C H U S E TT S .
A B I N G T O N . — George A. B eal , Treasurer.
This town is in Plymouth County.
LOANS—
When Due. I Assets............................. $16,621
w a t e r L oan —
N et debt Jan. 1,1893___ 148,994
4s, May, $120,000...... May 1, 1893 1Assessed valuat’n, 1892.2,222,302
($5,000 due yearly) to May 1,1916 |Assessed valuation, 1890.2,184,645
4s, Jan., $25,000....... Jan. 1,1894 | Prop’ty is assessed at actual value.
($1,000 due yearly) to Jan. 1, 1918 ITotal tax (per $1,000).........$18*30
Floating debt Jaii., 1893. .$19,615 Population in 1890 was........4,260
Total debt Jan. 1,1893___165,615 |
Population in 1880 w as........3,697
IN T E R E S T on the water bonds is payable in Boston at the National
Bank of Redemption.
A D A M S . — E. E. M ole , Treasurer.
This town is in Berkshire County.
LOANS—
i r n ’t OuisVg.
Railroads........................... $13,000
School house..................... 10,000
Sundry loans..................... 18,967
Water w o rk s ,.................. *115,000
Other debts, ....................... 8,333
Total debt Feb., 1893........ 165,300
Bonds loaned South Adams Fire
T ax valuation 1892___ $3,459,915
Total tax (per $1,000)..
$15*00
T ax valuation 1891___ 3,506,357
Town property.............
164,000
T ax valuation in 1891.. 3,506,357
Population in 1890 w as....... 9,215
District.
A G A W A M . — J. W. H astings . Treasurer.
Agawam is in Hampden County.
LO AN S—
When Due.
T ow n N otes f o r Schools ,
R oads , B ridges —
6s, March,
$2,000....On demand
4s, J & D,
25,000....On demand
4s, J & D,
4,600....On demand
3Gi0s,J&D
10.000....May 1,1895
Total debt Jan. 1,1893.
$41,600
N et debt....................—.
36,400
T ax valuation............. $1,226,298
T ax (per $1,000)..........
$13*50
Population 1890 w as...
2,352
Population 1880 w a s...
2,216
A M E S B U R Y . — A. M. H u n tin g to n , Treasurer.
Amesbury township is in Essex County.
LOANS—
When Due. I T ax valuation in 1892..$4,539,251
F u nding B o n d s :
|Assessment about V. actual value.
4s, A & O, $70,000. .Apr. 1, 1900 I Tot. tax rate (per $1000)
$16‘50'
N et debt Feb. 1,1893....... $06,929 |Population in 1890 was.
9,798
A M H E R S T . — W. A. H u n t , Treasurer.
This town is in Hampshire County.
LOANS—
When Due,
LO AN S—
When Due.
Ot h e r L oans —
R a il r o a d B onds—
434s. J&J, 27,000....... July 1,1898
7s, J&J, $5,000.......July 1,1893
6s, J&J, 2,000.......July 1,1893 Bonded debt. Jan. 1,1893. $121,700
6s, J&J, 2,000.......July 1,1894 Bonded debt in 1890 was. 143,700
T ax valuation, real....... 2,396,165
4^s, J&J, 13,000...... Nov. 7,1901
3^s, J&D, 9,000....... June 1,1898 T ax valuation, personal. 914,700
Total valuation 1891___ 3,310,865
School B onds —
434s, J&J, 10,000....... Jan. 1,1895 Total valuation 1890... .3,290,128
Total tax (per $1,000)....
15*00
T o w n H a l l B onds —
4,512
4s, J&J, 50,000.......Jan. 1, 1900 Population in 1890 w a s..
4,298
43is, J&J, 3,000.......Jan. 1, 1894 Population in 1880 wan..
IN T E R E S T on the 6 and 3 ^ per cent R. R. bonds is payable at the
State Treasury; on the 7 per cent R. R. bonds, at the Greenfield Savings
Bank; on the 4 ^ per cent R. R. bonds,at the Amherst Savings Bank;
on the Town Hall bonds, at the Amherst National Bank, and on all other
loans, at the Amherst Savings Bank.
A N D O V E R . — Geo. A. P arker , Treasurer.
This town is in Essex County 23 miles north ot Boston.
$1,807
LOANS—
When Due. Sinlcing fund assets........
Net debt......................... 171,593
W ate r Bonds:
T ax valuation 1892........ 4,446,289
4s, MAN, $130,000... .Nov. 1,1893
($5,000 due yearly) to Nov. 1,1918 Actual valuation............ 6,376,182
$13-00
4s, MAN, $15,000...:.Nov. 1,1919 T ax per $1,000...............
4s, .TAD, 10,000......June 1, 1922 Population in 1890 w as....... 6,142
Population in 1880 w as....... 5,169
Floating debt------ -------- $18,400
Total debt Feb. 1,1893... .173,400
IN T E R E S T is payable in Boston.
A R L I N G T O N . — B. S. L ocke, Treasuer.
This town is in Middlesex County.
LO AN S—
When Due.
T ow n N otes —
5s, M&N, $8,000.........May 1, 1897
W a te r W orks —
5s, J&J, $80,000....... July 1,1898
4s, J&J, 91,000.......Jan. 1, 1912
4s. J&J, 92,000.......Jan. 1, 1922
Other debts...................... $14,416
Valuation, etc —
Total debt in 1893.......... $271,416
Sinking fund assets.......
5,000
T ax valuation 1892........ 6,010,756
T ax valuation in 1890.. .5,564,662
Tax rate (per $1,000) f92
$17*30
Population in 1890 w as....... 5,620
Population in 1880 w as....... 4,100
A T H O L . — Samuel L ee , Treasurer.
This town is situated in Worcester County.
LOANS—
When Due. 334s. A&O, $8,400...... Oot. 1, 1893
($1,200 due yearly) to Oct. 1,1890
O ld D ebt 418*, J&J, $47,000...... Oct, 1, 1893 Total debt Feb. 1,1893.. $87,600
83,300
(Part due yearly) to Oct. 1,1905 Total debt Feb. 1,1891..
T ax valuation 1892....... 3,367,228
School L oans —
4s. A&O, $25,000....... Oct. 1, 1893 f ax valuation 1891....... 3,156,202
(Part duo yearly) to Oct. 1,1901 T ax rate (per $1,000) 1891.. $21*06
37 J&J, $7,200....... Oct, 1, 1893 Population in 1890 was_____6,316
gs,
($1,200 due yearly) to Oet. 1, 1898 Population in 1880 w as....... 4,307
IN T E R E S T on the old debt is payable in Worcester; on the 3% per
cent school loan in Boston, and on the other loans in Athol.
A T T L E B O R O U G H . — J. T : B ates ,Town Clerk.
Attleborough, which is in Bristol County, was divided July 30,1887,.
and the outstanding bonded debt of $100,000 was apportioned $62,930
to Attleborough and $37,030 to North Attleborough, which see.
April, 1893.
M*6Sjte#US£TT#-CITI£8 AfllJ TOWNS.
LO ANSWhen Due. Deduct also Ivorth At.
proportion of debt...... $37,070
T o w n B onds :
56,930
4s, J&J, $25,000...... .July 1,1894 Balance, net. debt...........
4s. A&O, 40,000...... A p ril 1, 1895 T ax valuation in 1892...4,254,839
4s, A AO. 35,000...... April 1, 1897 Total tax per $1,000......
$14-00
Total debt Mi ll. 1, 1893.- $145,000 Population in 1890 was...... 7,577
h Hiking fund assets ....
51,000 i Population in 1880 was___.11,111
FIRE DISTRICT BONDS.
W a te r B onds —
niien Due. j 4s, A&O* $20,000 ......O ct. 1,1912
..Oct. 1, 1902 |4s, A AO, 25,000
Oct. 1,1922
4s, A&O, $20,000 .
A Y E R . — E . D . St o n e , T re a s u re r.
This tow n is situated in Middlesex County,
$8,000
LOANS—
Whin .Due, . Bonded debt Apr, 1, ?92.
G ex era i. T ow n D ebt Town notes..................
64,500
4ft. J&J, feOOO____July 1,1892-3
72,500
4s. J A J, 7,000....... -July 1. 1893 Ta x valuation............... $1,324,140
$14*50
i$l,400 due y'riy) to July 1,189$ Local tax per $1,000....
Population in 1890 was......2,148
W ATEE IJEKT—
4s, A&O, $64,500___30-year notes Population in 1880 w as....... 1,881
W . L. Chenery, Treasurer.
This town is in Middlesex County
LO ANSTEfcrn Dye. 4s, MAX. $1,000....... May 1, 1893
EKPJTNnYi AND 8CHOO& HOUSE—
*81,000 due vT'ly) to May 1, 1896
4$>, A&O, $-22,500___Oct. 1, 1893 14s, J&D. $8,500....... June 1, 1893
($2,500 due yearly) to Oct. i , 1901 j #500 due yearly) to June 1,1909
|Interest pa cable in Boston,
St r e e t Bo nus —
4 %s, A AO, $9,000.... .Oct. 1, 1893 sTotal debt Jan. 1. 1893.. $59,COD
38,750
<$1,000 due yearly? to Get- % 1901 l Winter debt- (additional) -.
4s, MAS, $19,000......Meh. 1 .1S93 j T ax valuation, re a l....... 2,550,375
($1,000 due Yearly) to Meh, 1,1902 Tax valuation, personal. 1,064,645
4s, J&D, $13,500___ .Dee. 1, 1893 ; Total valuation!892.....3,614,920
$15*25
($1,350 due yearly) to Dee, 1.1902 j Total tax (per 1,000) ....
j Population In 1890 was.
2,048
W ATER l.Ai XNS—
1,015
4$r FA A, $26,250 ..... A tig. 1, 1893 ( Population in 1880 was.
#1,750 due y ’rly? to Aug. 1, 1907
BELM O NT.
B E R K S H IR E C o T
- G r ;o .
County seat la Pittsfield.
LO ANS* * * » Due.
M a v c o u n t y BCitO isO D e b t —
4s. MAN. §60,000....N o r. I, 1903
4s. JSclJ. 40,000 ...No
# 10,000 d m vTty) to No ■ t,
■
4*. J&B. $40,000 .. f>e .31,
#10,000 due yTly 11*> Dv .31.
3 V b J&J. $5*000.. .. - i
B E V E R L Y . - W m.
Thi# town I# in %mm.% Ommtj.,
H.
H. T uckeb, Treas,
n.ti C o c s rv D ebt , 1'csn E n —
FA A, $33,000 ,. .Feb. 1. 1809
! « ! -O ut .Ian. 1. 1803 $180,000
m.-hi-i'u- County
> ii!:!in c-. e t c .........VJ1.338
< V;i!u,,til>n .......... 13.1-1 J.3K1
t
Hi 1800 wtw...... 8i.,ios
nutation In 1890 wa*.
L o vktt,
..60,032
T o w n C le r k .
LOANS
FJMi f%
Ur. Whm Dm * feu(stem(Fa,
4
J & J M i r 1,101.1 fi/ iD .o d rt
1
TaGniis
m , i 00
a v « ifte lift
150,1*00
mm, a
Yi
Cmoefeary, ete„ tend* . . .
IN T E R E S T - W H E R E P A Y A B L E -Inifeesnail on town ti
able in Bbitbn by the
Sationnl Bank,
el naive of water debt)
T O T A L D E B T, E rc .*T .> n i iow h d d««
mid li,*M
etis, $327,898;
January I , 18D3, f ! 1
deduct •Ink
■
■
net funded debt, §720*0*12. Water debt (ad
t, $137,204. Tern sm
ar
w ater !<n»is ebaJtJag fund,
net wate
ted chiefly in Town of
a ry debt, $4,509. T in d ttW ag ftstid* are
Beverly boRib.
ion In 1801* real ea>
ASSESSED V A L U A T IO N . d >
»: total,§ 13,186,755;
te te f #9.4SS,050t personal property, r tlM
— *d valuation w
e*M
a«*
imx. rate p e t $%,0o<>* f t 4*20. In t 891 the t*
[on w a» §13,007*075;'
$13,100,3731 tax rate* $U)*00 fn 15*9 v
U%x rule \ptst $ UW*)J. $ 14 w t
56:
P O P U L A T IO N . -f«Olwti**San t e l *90 w as10.021; in 1880 wai
in 1870 wan 0,507.
HXMsg'ANO pu rpo se ..
1
Tow n ante*...........
......
NATH AX M ATHEW S, J r ., Mayor.
T it BNEK City Tiv.iisorer.
fs
B onion ft situated conta ttl also
<
The etnsutj
Suffolk,
the city o f CbcDea an*l the
Of Revere and Wiut irop. Be ston,
however, receive* all the cfonnty it come, pay* all the co lntyes •liSCft,
own# the county buildinv-, and In it npo asiblef or the couc ty deb L vhieb
anwmnted on Feb. 1,1
76J>00. T he detail.* of this Clunity
Uo
mil eiai re port for th e city.
debt are ineluded in th
Whe
Whmi Due.
LO ANSLO AN S-{(
A NKOI*ft >0 * NS— Jon.),
' •
B u ttm M Mt.isi o§—
i
tu, J&J. #223,000 .J
4ft. A&O, #070,000 ..Oct. 1. 1000
400.000. ..Jan. 1, 1901
J&J*
■in, A&6 . 30t>,*'tOO. .C l.
i o n 4ft. A&O, 780,000.. .A p r . 1, 1912
i.Xr A&O, 130*00*.l
J&J, 50CL00O. .. J uly i. 1899
,Jau.
4n, J&J.
1012
1917 3% ft,A&O 1,037.000 ..Oct, 1, 1899
O, 250,000..
I’ A iK R
B u rnt Inn t r il t
f
i « , J&J, $528,500.. J y I t , lH'9-t 4«, A&O, ■200,000. ..Oet. 1, 1900
343,000. . .Jan, 1, 1913
♦| A&7), 17*M «M), .. Gut. 1* 1894 4ft. J&J,
»»,
913.000. . A pr. 1, 1913
6M
. .Apr I , 1893 4b, A&O
, )_i H i . .Jan.,
M
1914
CfiAt0LCftT*>w» 1mm.. m> fttiM
4ft, J&J,
tfiai*
75,000. . .A pr. 1* 1914
6s, j &j , m t , (m i
July i 1.893 4ft, A&O,
* 0,9 M . .Apr. 1. 1916
J
)
Gunn k m ., T en Y e K I>OA?
3*«jft.A&O
55,000. ..Get, L 1916
I A, J&J, f i . 185,000 Jan 1,1899 3 c ft, A&O
iltOlIWAYft—
3M A&O , 29*000. ,.OCt. 3. 1915
’
1 a r k Ct>mrMV(?rt ON—
4k, A&O, f 25,800 . Apr. 1, 1902
#150,000 . .Jan. 1 1018
July 1,1912 4ft, J&J.
4ft. J&J,
31,000
5,000. . Apr.
1918
4$, A&O, 243,200.. .Oet. 1, 1.912 -is. A&O,
5,000. .July
1918
4% J&J, J50.000
Jan. 1,1913 4ft, J&Jr
1918
40,000. . .Oet.,
Tu r k a r t B ond *—
4ft, A&O,
488,500. ..Jan, 1, 1919
4k, A&O, $49,000. .Apr. 1.1893 4ft, J&J,
1919
8.000. .Apr.
50.000. .July 1. 1893 4ft, A&O,
4ft. J&J,
3,500. ..July, 1919
80.000. Oct. 1,1893 4ft. J&J,
4s, A&O
439,500. . .Jan. 1, 1920
25,000 Jan. 1,1896 4ft, J&J,
4ft. J&J.
16,400. ..July, 1920
25.000. .July 1,1896 4ft, J&J,
4», J&J.
44,100. ..Oct.,
4ft, A&O, 396,000. Q<4. 1, 1896 4ft* A&O,
297,000 July 1, 1900 4ft, A&O, 200,000 . A pr. 1, 1922
4ft, J&JV
.Oct. 1, 1922
,
14,000, let,, 1900 4ft,
4ft, A&O,
250,000. Jan. I,
4*, A&O.
189.000. Jan. 1,1001 4ft J&J*
500,000. .. Jan. 3, 1937
4ft, A&O, 175JKK).. Out. 1*1922 3%ft, J&J
—
P.iUK LOA s of 1891L
1
4ft, J&J*
200.000. Jan, 1,1923
.
3%ft, J&J 600,000,. July 1, 1899 4ft J&J, $ 500,000.. .Jan. 3, 1921
T■
4k J&D. 700,000., .June X, 1921
M fSCRTLANEDV* L oans —
HotrgSft & Sites , 1891—
4s. A&O, $400,500 Orb,
18061
4s, J&J,
574,000 Jan. 1,1900 4ft, A&O, $500,000., -Apr. 1* 1911
B O S T O N .— |
21
LO A N S —
When Due.
LO A N S —
When Due.
P ublic I nstitutions —
W a t e r D ebt —CocMtuate—(Con.)
4 b, J&J,
$70,000..-Jan. 1,1895 6s, A&O,
$8,750--.vpr.. 1906
4s, J&J,
45,000...July 1, 1913 6s, A&O,
4,000__Oct.,
1906
4s, A&O,
50,000...Oct. 1,1912 6s, J& J,
8,000....Jan,, 1907
314s, J&J, 80,000...Jan. 1, 1896 6s, A&O,
5.000_Apr., 1907
P a r k L ands —
6s, J& J .
1,000....July, 1907
3L,. J&J,$400,000 . . . July 1 , 1917 og, A&O, £399,500___Oct. 1,1902
31- , J&J. 600,000....Jan. 1, 1920 5g,A&0, $552,000___Apr. 1,1906
2
Se w e r ag e B on bg—
5g,A & 0,1,000,000....Oct. i ; 1905
6s, A&O, $30,000....Oct, 1 , 1897 5g, A&O,2,000,000----Oct, 1,1906
os, A&O, 145,000... .Oct. 1,1897 5s, A&O,
1,000... Oct. 1,1907
5s, A&O, 32,000.... Apr. 1,1899 5s, A&O,
‘
'
12,000-- Apr., 1908
5s, A&O,
17.000.
... Apr. 1, 1900
4%g,A&O, 268,000
Oct. 1,1909
5s, A&O,
15.000.
...0 .t. 1,1900 A&O,
4s.
588,000-- Apr. 1,1908
4s, A&O, 100.000.
82,000__July 1,1909
... Oct.4s, J & J,
1,1897
4s. A&O, 100,000....Oct. 1 ,1898 4s, A&O,
280,000__Apr. 1,1910
4s, J & J ,l,000.000....Jan. 1,1899 4s, A&O,
324,000__Apr, 1,1912
4s, A&O,1,250,000. ..Apr. 1. 1900 4s, J&J, 111,000 ....July 1, 1913
4s, J & J ,
24,000 ....Jan. i ; 1901 4s, A&O,
336,000__Oct. 1,1913
4s, A&O,
5,000....Apr. 1,1901 4s, J&J, 466,000....Jan. 1,1914
4s, A&O,
4s,
18,500-- Apr. 1,1914
10.000.
... Oct. 1,1901 A&O,
4s, J& J,
8,000___ Jan. 1 ,1902 4s, A&O,
16,000....Oct. 1,1914
4s. A&O. 317.000. ... Apr. 1,19024s, J& J,
50,000....Jan. 1,1915
4s, A&O, 627,500___ Oct. 1, 1902 4s, A&O,
145,700__Apr. 1,1915
4s, A&O,
2 2 .5 0 0 .. .Jan. 1 , 1903 4s, A&O,
28,000... .Oct. 1, 1915
4s. A&O, 500.000.
... Apr. 1,J&.T,
4s, 1903
58,000__Jan. 1, 1916
4s, A&O, 251,0 0 0 ....Oct. 1,1903 4s, A&O. 128,500....Apr. 1,1916
4s, J& J, 500,0 0 0 ....Jail. 1,1904 4s, A&O, 2S6,3 0 0 ....Oct. 1, 1916
4s, J & J,
* "
97,000___ Tilly 1,1904 4s, J&.T,
21,000....Jan,, 1917
4S, J & J,
50.000. ... Oct. 1.1904 4s. A&O. 161,000....Apr., 1917
4s, J & J.
50,000---- ran. 1,1905 4s, ,T&.T,
7,000... .July 1,1917
4s. A&O,
51.500.. ..0 .t. 1,19064s, A&O, 160,700....Oct. 1,1917
-Is, A&O, 674.000. ... Oct. 1.1911 4s, J& J,
20,000....Jan., 1918
4s, J&J,. 200.000... .Jan. 1, 1912 4s, A&O,
6,300....A p r.. 1918
3*3*. J &J, 100,00.0......Inly 1.1905 4s, A&O, 100,000....Oct. 1,1918
3*3*. J & J . 50,000....Jan. 1,1906 4s, A&O, 200,000....Apr. 1,1919
3*a*. A&O,359,0 0 0 ....Oct. 1 ,1906 4s, A&O,
300,000---Oet, 1,1919
3Ws J & J,500,000.... July 1,1919 4s, A&O, 384,000....Oct. 1,1920
3s. ,1 &.J, 309,000. ...July 1 ,1905 4s, A&O, 100,000.. ..Apr. 1,1921
•S ny B rook .&c ,, I m p . Boxes
to
4s, A&O, 162,500....Oet. 1,1921
4s, A&O. $500,000....Oct. 1.1917 ! 4s, J & J , 200,000....Jan. 1,1922
St r e e t , E tc ., ------•
B onds
-•.......4s, A&O,
75.000---- Apr. 1,1922
6m A&O, $405,000----Apr. 1 ,1893 4s, A&O. 200,000....Oct. 1,1922
,
6-s, J&J.
7,000... .July, 1893 38>s, A&O, 50,000....Apr. 1, 1915
08, A&O,
2,0 0 0 ....Oet.,
1893 3%s. A&O, 50,000....Oet. 1,1915
6s, J&J, 1,527,000___Jan. 1, 1S94 3&»s, J & J,100,000... .Jan. 1, 1916
08. A&0.
8 1.000.... Apr. 1. 1894 3 *ss, J & J, 75,000... .July, 1916
0 s, J&J. 408,000 ' ..July 1, 1894 o^s,A& O , 25,000....Oct..
1916
Os. J&J. 186.000— Jan. 1 .1895 3%s, A&O,275,000....Apr. 1,1917
5s g,J&J,£501.000... July 1, 1899 3ios,J&J,$i 00,000... .July 1,1918
J J &J. $25,000... J til v 1, 1896 3%s, M&N, 130,000... .Xoy.30,1919
>.
1 > A&O, 770,001)....Get. 1,1911 3%s, A&O,145,000....Oct. 1,1919
-.
1s, A &O,
25,000.... Oet. 1,1912 3%s, J & J ,220,000...,Jan. 1. 1920
3 0-. J&J . 021,000..... Inly 1 .1896 3s. A&O, 200,000....Apr. 1 1917
:o. J a J.
140,ooo.... Jan* i , 1896
M ystic W a t e r B onds—
:o, A&O, 213.000.... Apr. 1, 1896 Gs, J & J. $39,000:.. .July 1,1893
3s, J&J, 175,000..... Julv 1 .1896 5s, A&O,
6,000....Oct. 1, 1893
3», A&O,
55,000 ... Oet. 1,1890 5e, A&O, 102,000.... Apr. 1,1894
W ater D ebt —
4s, A&O,
3,000... .Apr,, ' 1898
Onchi.tuate Water—
4s, A&O,
15,0 0 0 ....Oct. 1,1913
76,000... .Oct, 1, 1922
0-s J & J, $500,000... .Dee J 2,1897 4s, A &0,
(0, J & J. 450,000... JTie 16,1898 3%s, A&O, 60,000....Oct. 1, 1896
.Or]
3 % , A&O, 50,000....Oct*
1897
0m A &C> 25i 1000.... Apr.27,1899 3*SS, A&O, 130,000... .Apr. 1, 1916
,
,
6k, J & J, 625,000.... Jau. 1, 1901 3Ms. A&O, 35,000....Apr. 1,1896
.S f fo l k Co u n t y D e b t .
u
(is, A&O, 688,000___Apr. 1, 1901
0M .1 A: J, 330.000... .July 1, 1901
.
Court House Bonds—
6% J & J, 100,000.... July 1 , 1902 4s, A&O, $700,000.. ..Oct. 1,1918
(U. A&O. 905,000__ Apr. 1, 1903
Is, J &J, 381,000.... July 1,1922
6s, J & J,
8,000. _..Jan. 1,1904 3*3.8, A&O,800,000 ....Oct. 1, 1919
0 s, A&O,
38,000.... Apr. 1, 1904 3%s, A&O,800,000....Apr. 1,1937
0S J & J, 1(51,000... .Jan. 1,1905 3*28, J & J ,100,000. . . . M j 1,1938
0*. A &0, 142.700.... Apr. 1, 1905 3s, A&O, 731,000....Oct, 1, 1893
J & J,
14,000-.. .July 1, 1905 ($17,000 due yearly) to Oct. 1,1935
M iscellaneou s B onds 6s, A&O,
6,000_ Oet. 1,1905
_
68. J & J, 82,550.,. .Jan, 1,1900 48, J& J, $59,000— Jan., 1899
IN T B R E S T —W H ERE P A Y A B LE—Interest on the sterling loans Id
aid by Bating Brothers & Co,, I t ’d, in London, on other issues by City
Treasurer in Boston.
T O T A L D E B T, N E T D E B T, Et c —T he subjoined statement show
BoOon’ft total debt, and the items of which it is made up, and the sink
ing fund held by the city against the same, on the first of May* 1891,and
on February 1 ,1892 and 1393.
Feb. 1, 1892. May 1,1891*
Feb. 1,1893.
$35*829,223
$35,298,206
City debt proper................ $36,081,374
16,423,774
16,267,774
Cocliltnate water debt____ 16*758,774
482,000
690.000
Mystic water deb t.. . . . . . . . .
441,000
57,000
Charlestown d e b t............
51,000
352.000
25,000
Wcftt Koxbury d ebt...........
........
3,2 i 2,000
3*229*000
County debt.............
3,576,000
Tot. fund, debt (inclnsive
of water d ebt). .. . . . . . . .$56,908,148
Sinking funds.. .............. 25,477,682
$56,003,997
25,483,737
$55*861,980
24*139,995
Net debt on dates named.$31,430,466
$30,520,260
$31,721,985
The following table shows the amount of the gross funded debt,
sinking funds and the net debt for the last tw elve years:
Sinking Funds.
Net Debt.
Tears.
Gross Debt.
$31*430,4.66 00
$25,477,682 00
1893......... ______ $56,908,148 00
25,483,737 00
30,520*260 00
1892........ . . . . . . . 5(5,003,997 00
21.139.995 00
31*721*985 00
1891......... ......... 55,861,980 00
31,424,496 50
22,505,598 72
1890....... . . . . . . . 53,930,095 22
21,820,646 70
28,099,828 55
1889......... ......... 49,920,475 25
21,287,254 76
27*706,548 69
1888......... ......... 48,393,803 45
26,853,151 78
19,940,810 94
1887...... . ......... 46,799,062 72
25,218*888 53
18,409,433 51
1880........ . ......... 43,628,322 04
18,022,484 25
24,939,695 77
_____ 42,962,180 02
1885........
16,476,871 22
26,708,797 85
. ...
25,027,562 69
16,156,795 43
......... 41,184,358 12
......
15,633,229 37
24,446,082 67
1882......... ......... 40,079,312 04
26,437,482 99
14,511,849 19
1881.......... ......... 40.940,332 18
D E B T L IM IT A T IO N S .—Read first remarks under this head made in
connection with the State debt. The general provision as to debt
limitation which applies only to Boston is found in the Supplement to
the Public Statutes of Massachusetts, Laws o f 1885, Chapter 178. The
act is entitled “ An act to lim it the municipal debt of, and the rate o t
“ taxation in, the city o f Boston.”
S ection 1 —Provides that the taxes exclusive of State ta x and o f
sums required by law to be raised on account of the city debt shall
not exceed in any one year $9 on every $1,000 of the average o f the as
sessors’ valuation for the preceding five years,, the valuation year
to year being first reduced by all abatements,
S ection 2—Provides that the lim it of indebtedness of the city o f
Boston shall hereafter be 2% per cent until January 1,1887, and there-
22
STATE ATJf CITY S U ffiE M E W T .
after shall bo 2 per cent on the average valuation prescribed in section
1 o f this act.
The foregoing limitation is o f course exclusive o f debts created for
water supply.
Another exception is found in Laws of 1886, Chapter 304—which act
authorizes a loan for $500,000 each year to a total amount not to
exoecd $2,500,000, for the construction of a public park. Section 4 of
this act provides that the debt authorized shall not be included within
the limit, fixed by section 2, chapter 178 above oited.
A further exception is found in Laws o f 1887, Chapter 312, which
authorizes $400,000 bonds issued for the purpose o f paying for lands
alroady acquired for public parks adding (in section 3) that the
debt authorized shall not bo included within the lim it fixed as above.
Still another exemption to this debt limitation is found in Laws of
1888, Chapter 392, which act authorizes, for the purpose o f purchase
ing such additional lands for its public parks as the Park Commission
ers shall deem necessary, the Issue of bonds not exceeding $600,000;
adding that this Issue of bonds shall be considered outside the debt
limit fixed as above.
In addition to the foregoing, which cover special authorizations of
bond issues by the legislature for park purposes, &c., not included in
the debt limit, there are a number of other laws, of which we make a
brief mention below.
Chapter 101 Law s o f 1887 and Chapter 288 Laws o f 1892 author,
ized loans for the Suffolk County Court House.
Chapter 282 Laws of 1887 authorized $250,000 for N ew Harvard
Bridge.
Chapter 394 Laws o f 1887 authorized not exceeding $75,000 fo r Stony
Brook Sewer.
Chapter 322 Laws o f 1889 authorized not exceeding $500,000 to ex
tend impi'oved sewerage system.
Chapter 68 Laws o f 1889 authorized $1,000,000 to complete the new
Public Library building.
Chapter 254 Laws of 1889 authorized not exceeding $75,000 to extend
West Chester Park to H arvard Bridge.
Chapter 283 Laws of 1889 authorized $500,000 for extension, &c.,
o f Congress, O liver and otherstreets.
Chapter 271 Laws o f 1890 and amended chapter 444 Laws o f 1890
authorized $200,000 for public parks in Charlestown.
Chapter 301 Laws o f 1891 authorized $3,500,000 for parks.
Chapter 324 Laws o f 1891 authorized $1,000,000 for library.
Chapter 323 Laws o f 1891 authorized loans for highways.
B O R R O W IN G P O W E R .—The city’s borrowing pow er M arch l
1893, Is shown In the follow ing statem ent:
Total debt, city and county.............................................. $56,811,148 04
Less special loans (outside o f lim it)....... $7,326,000 00
do county loans (outside o f lim it)....... 2,781,000 00
do Cocliituate and Mystic w ater debt.. 17,198,773 98
Total deductions......................................................... 27,305,773 98
Total debt less above deductions.................................... $29,505,374 06
Sinking funds, less $8,564,529 73 held for loans deducted
as above (water loans, etc.)........................................... 16.913,152 34
N et debt, excluding debts outside o f lim it................$12,592,221 72
Tw o per cent on $819,313,202 (average valuation for
five years, less abatements).......................................... $16,386,264 04
Net debt, as above................................ ............................ 12,591,221 72
Right to borrow March 1,1893, under chapter 178 acts
of 1885........................................................................... $3,794,042 32
Bonds to the amount of $1,333,225. inside o f the'debt lim it have been
authorized, but are not yet issued.
ASSESSED V A L U A T IO N .—The city’ s assessed valuation of real
estate and personal property and tax rate, at different periods, have
been as follo w s :
Real
Personal
Total
Rate o f Tax
Years—
Estate.
Property.
Valuation, p er $1,000.
1892...........$680,252,200
$213,680,300
$893,932,500
$12-90
1891...........
650,238,375 204,827,700
855,066,075
12-60
1890............. 619,990,275
202,051,525
822,041,800
13-30
1889............. 593,799,975
201,633,769
795,433,744
12-90
1888............. 563,013,275
201,439,273
764,452,548
13-40
1887............. 547,171,175
200,471,342
747,642,517
13-40
1886............. 517,503,275
193,118,060
710,621,335
12-70
202,092,395
1880............ 437,370,100
639,462,495
15-20
1870............. 365,593,100
218,496,300
584,089,400
15-30
The tax rate in 1892 included the State ta x $0-56 per $1,000; the
county tax, $0-77; the city tax proper, $11-50; total per $1,000
$12-90.
P O P U L A T IO N .—In 1890 population was 448,477; in l8 8 0 itw a s
362,839; in 1870 it was 250.526.
B R A D F O R D
.— A r n o l d C h e s l e y ,
Selectman.
This town is in Essex County. Bradford has petitioned the Massa
chusetts Legislature for authority to issue paving bonds for $25,000.
$41,000
LO AN S—
When Due. Tot. b’ds (latest returns)
School H ouse B onds —
Floating debt...............
11,819
4s, J&J, $4,000.........July 1,1893
Cash, etc......................
17,990
($2,000 due yearly) to July 1,1894 Tax valuation 1890___ 1,917,320
4s, A&O, $21,600...... Oct. 1, 1893 Total State, county and
($2,700 due yearly) to Oct. 1,1900
town tax per $1,000..
$20 00
Se w e r B onds—
Population in 1890 w as...... .3,720
4s, J&J, $9,000.........July 1,1893 Population in 1880 w as....... 2,643
($1,000 due yearly) to July 1,1901
B R A I N T R E E . — S a m u e l A.
This town is in Norfolk
School Loan ..................
W ater Works..................
do 48.......................
do 4s, due 1921......
Trust funds.....................
Other debts.....................
County.
$20,000
100,000
50,000
.20,000
16,000
4,080
Bates,
Town Clerk.
Tot. debt (latest returns) $210,080
Total value town prop
erty, estimated............ 246,279
Tax valuation 1890.......3,449,650
Population in 1890 was.
4,848
Population in 1880 was.
3,855
Voi. l v i
B R IS T O L
C O U N T Y . — G e o . F. P r a t t , Treas.
County seat ia Taunton.
LO AN S—
When Due I Tax valuat’n in 1892.$148,403,527
N o tes.... $482,500. ..1893 to 1903 Population in 1890 w as.. .180,465
Total debt Jan. 1, ’93.. $482,500 J Population in 1880 w as...139,040
R R n P tY T r i\ T
$ Z IB A C. K E IT H , Mayor.
J z S J -tL J O lV 1 L J 1 N .— i DE W IT T C. P A C K A R D , City Clerk.
This city is in Plymouth County.
W a t e r B onds —(Continued.)
LOANS—
When Due.
School B onds —
4s, J&J,
50,000...... July 1,1914
4 s , ......., $31,500........................... is, M&N, 25,000.......May 1,1915
4 s ,......., 15,000.......................... 4s, M&N, 25,000.......May 1,1916
W a t e r B onds —
4 s ,....... , 98,000.......
.......
5s, A&O, $30,000....Apr. 15, 1900 4s, M&N. 25,000...... Mar. 1, 1923
5s, A&O, 90,000... .Apr. 15, 1910 3L>s, J&J, 50,000...... July 1,1916
4s, A&O, 50,000... .Apr. 15, 1906 3^28, ...., 15,000......
.......
4s, J&J, 50,000... .July 15, 1912
[The details o f several recent issues have not been reported, but the
total debt on Jan. 1,1893, w ill be found in a follow ing paragraph.]
P A R V A L U E O F B O N D S .—The bonds are mostly for $1,000 each.
IN T E R E S T is paid in Boston at the Maverick National Bank.
T O T A L D E B T, S IN K IN G FU N D , E TC .-T lie subjoined statement
shows Brockton’s total municipal debt, the sinking fund held by the
city against the same, the water debt, and the city’s floating debt, on
the first of January 1893, 1891 and 1889.
1893.
1891
1889.
Bonded debt..................................... $918,600
$488,000
$ .......
Floating debt...............................
193,905
Total debt (including water debt)... 918,600
681,905
578,500
84,024
103,000
Sinking fund..................................... 131,116
N et debt on January 1 ...............$887,484
W ater debt included above.............. $533,000
$578,905
$488,000
$494,476
..........
D E B T L IM IT A T IO N .—Brockton under laws of 1890, Chapter 142^
was made exempt from tax and debt limitation until January 1, 1893.
ASSESSED V A L U A T IO N .—The city’s assessed valuation (about %
o f actual value) and tax rate have been as fo llo w s :
Real
Personal
Total
*Rate o f Tax
Years—
Estate.
Property.
Valuation.
per $1,000.
1892........ $16,596,160
$2,576,147
$19,172,247
$18-80
1890........ 14,997,605
2,497,997
17,495,602
15*20
1889............................
................
15,808,388
15*70
1882............................
................
9,150,702
16*6623
* Including State, county and city levy.
P O P U L A T IO N .—In 1890 population was 27,294; in 1880 it was
13,608 ; in 1870 it was 8.007.
B R O O K L IN E .—
G e o r g e H. W o r t h l e y . Treas’r.
This town is in N orfolk County.
LOANS—
When Due. 4s, J&D, $24,000...... Ju n el, 1893
B rid g e N otes —
(Partdue eacliyear) to June 1,1898
4s, J&J, $8,000....... Jan. 1, 1894 3s, various, $32,000.-1892 tol895
($1,000 due yearly) to Jan. 1, 1901
($8,000 due yearly.)
3s, J&J, $14,400....... Nov. 1, 1893
Se w e r B onds —
($4,800 due yearly) to Nov. 1, 1895 5s, A&O, $125,000... .Apr. 1, 1897
Ce m e t e r y N otes —
St r e e t N otes —
6R>, J&J, $30,000....August, 1894 4s, J&J, $40,000........July 1, 1893
L ib r a r y N otes —
($20,OOOdue yearly) to July 1, 1894
4s, J&D, $9,000.........Ju n el, 1893 4s, M&N, $50,000...... M ay 1, 1894
(Part due each year) to June 1,1898 ($10,000 due yearly)to May 1,1898
M iscellaneou s —
4s, J&J, $60,000....... Jan. 1, 1894
4 s ,....... , $180,000...J u n e l, 1893 ($10, OOOdue yearly) toJan. 1,1899
($20,000 due yearly) to Junel, 1901 4s, J&J, $15,000........ July 1, 1895
P a r k B onds —
4s, J&J, 20,000........ July 1, 1896
4s, J&J, $70,000........July 1, 1893 4s, J&J, 13,000........ July 1, 1897
(Part due yearly) to July 1, 1911 3^8, J&J, 5,000........ July 1,1895
4s, M&S, $36,000...... Sept. 1,1893 312s, J&J, 7,000........ July 1, 1897
($4,000 due yearly) to Sept. 1, 1901
St r e e t a n d E n g in e H ouse —
4s, F&A, $32,000...... Aug. 1, 1893 4s, J&J, $46,000....... Jan. 1, 1894
($4,000 due yearly) to Aug. 1, 1900 ($13,000dueyearly)to Jan. 1,1895
4s, J&J, $8,000....... Jan. 1, 1894
W a t e r Sc r ip ($1,000 due yearly) to Jan. 1, 1901 78, J&J, $400,000.. .Jan. 1, 1898
4s, F&A, $55,000...... Aug. 1, 1893 6s, J&J,
75,000... Jan. 1, 1895
(av.$2,000 due y’ly) to Aug. 1,1906 5s, J&J,
25,000...Jan. 1,1898
4s, J&J, $18,000....... Jan, 1, 1894 5s, J&J,
42,000... Jan. 1,1900
($1,000 due yearly) to Jan. 1, 1911 413s, J&J,
24,000.. -July 1,1893
P l a y G rounds —
4s, F&A,
28,000...Jan. 1,1894
6s, J&J, $90,000....... July 1, 1894 ($1,000 due yearly) to Jau. 1, 1921
Sohoolhodse N otes —
3'65s, F&A, $20,000..Feb. 1, 1894
4s, F&A, $30,000...... Feb. 1, 1894 ($10,000dueyeariy)toFeb. 1,1895
(Partdu eeaeliy’ar) to Feb. 1,1898
T O T A L D E B T , S IN K IN G F U N D , E T C .- T h e subjoined state
ment shows Brookline’ s total municipal debt, the sinking fund held by
it against the same, and the water debt, on the thirty-first of January
o f each of the last three years.
1892.
1891.
1890.
Total debt Jan. 3 1 ................ $1,866,550
$1,659,000
$1,591,200
Sinking funds..........................
391,115
314,909
362,219
N et debt.................................. $1,475,435
Deduct water debt.................
625,000
$1,344,091
636,000
$1,228,981
641,000
N et debt as defined by la w ...... $850,435
N et debt allowed by la w ......... 1,521,885
$708,091
1,344,270
$587,981
1,275,996
Available balance................... $671,450
$636,179
$488,015
The sinking funds are mostly invested in sundry municipal bonds.
T O W N P R O P E R T Y .—The tow n’s total assets, including buildings,
parks, water works, sinking fund, etc., amount to $3,060,967. The
water works are valued at $920,271, and in the year 1891-92 yielded
gross revenue of $50,427 (including the amount charged the city).
ASSESSED V A L U A T IO N and tax rate have
Real
Personal
Years—
Estate.
Property.
1893................ $36,958,100
$16,068,100
1892................. 34,472,400
16,257,100
1891................. 30,027,200
16,510,100
1890................
27,326,200
15,207,100
1889................................................................
1880................................................................
1870................................................................
been as follo w s:
Rate o f Tax
Total.
per $1,000
$53,026,200 $11-80
50,729,500 11-00
46,537,300
900
42,533,300 12-00
41,246,900
10-50
22,493,900
12-60
18,448,300
750
P O P U L A T IO N .—In 1890 population was 12,103; in 1880 it was
8,057; in 1870 it was 6,650.
April, 1893.
M * S S y * C + f U $ m $ - 0m £ g
23
C* A A/f R R T n r , F '
J ALPH E U S B. ALG ER. Mayor.
LOANS—
When Due. Total bonds Jan. 1,1893..$31,000
L / / \ I V l l = S r U l J U r n - . — { W IL L IA M W .D A LLIX G E R , Treasurer.
Ch ath am RR. B onds—
6,350
Floating debt...................
Thu city is in Middlesex County In May, 1892, Cambridge sold 4 per 41* 8, MAS, $6,000___Sept. 1, 1897 Stock Chatham RR. owned. 31,000
2
cent 20-year water bonds at 106 09 and 10-year street and building 4^s, MAS, 9,000. ...Sept, 1, 1902 T ax valuation, real.......... 644,317
bonds at 103*26, while in December o f the same year 4 per cent 41*28, MAS, 12,000....Sept. 1, 1907 Tax valuation, personal ...223,567
4^8, MAS, 4,000... .Sept, 1, 1912 Total valuation 1892.........867,884
20-year water bonds and 10-year paving and school bonds were all
R oad F und B onds—
Assessment about % actual value.
awarded at 103*15.
4s,JAJ, $3,000........... Jan., 1894 Total tax per $1,000......... $14*50
— Interest.— ■ ---------P rin cip al.--------- . ($500 due yearly) to Jan., 1900 Population in 1890 w a s... 4,023
»
LO AN SNAME AND PURPOSE.
P. CL Payable.
When Due. Oulstand’g.
INTEREST on the railroad bonds is payable at the Bank of Com
Bridge loan.....................188' 4
A Jc O Oct. 1, 1917
$ 10,000 monwealth, Boston; on the road fund bonds at Cape Cod Savings
do
d o .....................1888 4
J & J July 1, 1918
100.000 Bank, Norwich, Mass.
do
d o .................... 1888 4
M A S Sept. 1, 1918
100,000
do
d o .................... 1889 4
M & S Mch. 1, 1919
115.000
do
d o .................... 1890 4
M & X Nov. 1, 1920
5,000
t_r TT1r CT71 A
5 ALFRED C. CONVERSE, Mayor.
do
d o .................... 1891 4
J & J July 1. 1901
_y
15.000 V n i l L o i l / A .— ( T. B. FROST, Treasurer.
do
do Harvard____1991 4
J A J July 1, 1921
60.000
The city is in Suffolk County. The city bonds at present outstanding
Building loan...................1892 4
M & X May 2, 1902
20,000
City bonds........................ 1863 5 g J ‘ J Jan. 1, 1893
'
150.000 w ill be refunded at maturity and the new bonds issued w ill be payable
Land loan......................... 1873 ~
J A J July 1, 1893
10,000 in 1911.
do
do .......... .. ..... 1988 4
F & A Aug. 1, 1893
83.000
- Interest.
—
--------rn n c ip a l.---------,
LOANSMunicipal bonds. ... ......1*95 4
A 3 O Apr. 1, 1895
c
200.000
P. Cl. Payable.
When Due. Outstand'g.
NAME AND PURPOSE.
Paving................... ......1873 6
J A J July 1. 1893
100,000 City bonds...................
6
“ ~
M A S Mch. 1, 1894 $300,000
do
............... . . ..... 1874 6
J A J July 1, 1894,
130.000
do
...................
. 6
A & 0 Apr. 1, 1895
192.000
...............
......1875 6
do
J A J July 1, 1895
25.000
do
................................ 6 A & O Aug. 1, 1897
100.000
do
...... ........... ......1*9*2 4
M A X Xov. 1. 1902
50.000
do
................................. 4 J A D Dec. 1, 1898
27,000
School home........... ..... 1890 4
>1 A X May 1. 1900
100.000 Special loans............................yar.
103.000
do
do
..... . ..... 1891 4
J A J Jan. 1. 1901
100,000 Water................. gold, 1891 c. 4
J & J
July, 1911
150.000
do
do
......... ......1891 4
J A J July 1, 1901
50.000
J & J
do ................. gold, 1891c. 4
July, 1921
150.000
do
do
.......... ......1$9*2 4
M A N Nov. 1, 1902
20.000
IN T E R E S T —W H E R E P A Y A B L E .—Interest is paid in Boston at
Sewer.....................
6
A A O Oct. 1, 1895
20,000
do .................... ......1876 0
J A J July 1, 1896
29.000 National Bank o f Redemption.
do ................... ......1873 6
J A J July 1. 1903
136.000
T O T A L D E B T, S IN K IN G FU ND, ETC.-The subjoined statement
do .................... ......1874 6
J A J July 1, 1904
295.000
do .................... ......1875 6
J A J July 1, 1905
144.000 shows Chelsea’ s total municipal debt, the water debt, the special loans
do
......1887 4
M A .V Xov. 1. 1907
30.000 1and the sinking fund held by the city, on the 1st of January of each
do ................
. ......1889 4
M A N Nov. 1. 1909
22.000 o f the last four years.
do .................... ......1890 4
M A S May 1, 1910
15.000
1893.
1892.
1891.
1890.
do ........ ............. ......1891 4
J A J July 1. 1911
15.000
$800,000
$869,000
$1,118,270
$1,168,270
do ................ ... ......1886 34 M A X Nov. 1, 1896
25.000 City bonds.......
Water debt......
300.000
300,000
396,000
393,500
Street loan.............. ......1873 6
J A J July 1, 1893
13.000
103.000
40,000
111,530
116,140
do
do .............. ......1892 4
M A N May 2, 1902
55.000 Special loans ..
Street widening...... ......1873 6
J A J July 1, 1903
10.000
Total debt.. .$1,203,000
$1,209,000
$1,625,800
$1,677,910
do
do
...... ......1874 6
J A J July 1, 190-1
90.000
11,578
69,000
543,530
493,530
do
do
...... ......1875 ti
J A J July 1, 1905
14.000 Sinking funds...
..... ......1890 4
do
do
J A J Xov. 1, 1899
8,000
Net debt...... $1,191,421
$1,140,000
$1,082,270
$1,184,380
Cemetery........ ..... . ......1885 4
F A A Aug. 1, 1905
65.000
In addition to the above there were outstanding on January 1,1892,
W ater.................... .. .1874 6
A A O Apr. 1, 1894
150.000
do ................ ...
0
A A O Apr. 10, 1895
160.000 water notea to the amount of $21,500, payable in 1893-’94 and ’95.
do .................... ......1970 0
J A J July 1, 1896
103.000
C IT Y P R O P E R T Y .—The city owns its water works, which in 1892
do ................ .. ...... 1977 6
J A J July 1. 1897
16.000
do .................... ...... 1878 5
J A J July 1. 1898
12,500 earned from water rates $42,635 48, and cost for maintenance, $28,do .........
...... 1881 4
M A N Xov. 1, 1894
36.000 048 86, and interest on loans $12,000.
do .................
. ......1887 4
A A O Oct. 1, 1907
90.000
ASSESSED V A L U A T IO N .—The city’s assessed valuation and tax
do .................. . .. ..... 1887 4
M A V Xov. 1, 1907
22.000
do
...... 1.888 4
46.000 rata have been as follows in the years named:
J A J July 1, 1908
do ................. .
4
F A A Aug. 1, 1908
25.000
Personal
Real
Rate o f Tax
do ...................... ......1889 4
J A J July 1, 1909
20.000 Tears.
Property.
Estate.
Total.
i)er $1,000.
do .................
.........1885 4
M A N May 1, 1910
288.000 1892....... .... $18,957,750
$2,464,967
$21,422,717
$15-80
do
............... ..... .......1890 4
J A J July 1. 1910
75.000 1891....... . ... 18,660,300
2,559,412
21,219,712
18-00
do ......... ........ ....... 1890 4
M A 8 Sept. 1. 1910
125.000 1890....... ... 18,187,500
2,610,839
20,798,339
17*60
do
.................. ....... 1891 4
J A J Jan. 1. 1911
20.000 1889....... ... 17,756,600
2,433,850
20,190,450
17-80
do ..................... ....... 1891 4
35.000 1888....... .... 17,428,900
A A O Oct. 1. 1911
2,358,190
19,787,090
18*40
do .... ..................... 189*2 4
150.000 1884....... .... 15,802,550
J A J Jan. 1. 1912
2,300,947
18,103,497
18-60
do ....... ..............
4
75.000
M A N May 2, 1912
P O P U L A T IO N .—In 1890 population was 27,909; in 1880 it was
4.5.000
do .....................
4
M A X Xov. 1. 1912
81,782; in 1870 it was 18,547.
do
.................... ....... 1893 4
F A A Feb. 1, 1913
100.000
do .......... .......... .......1886 3 4 M A X Nov. 1, 1906
43.000
do ..................... .......1886 3 4 A A O Apr. 1. 1911
100.000 p l i i p a d c ’ C ’
H AR R
do ........... ....... ....... 18*6 3 4 J A J July 1. 1911
75.000 O r i lO L - M r 'r b U .. — 5 H E N R Y H. HITE, IS , Mayor.
{J O H N D. W
Treasurer.
INTEREST-W HERE P A Y A B L E .-In te re s t on all the bonds is
Chieopee U in Hampden County and was incorporated us a city in
paid at the National Bank o f Redemption, Bouton.
1890. Water bonds will probably be Issued early this year.
LOANSWhen Due. Total debt Jan., 1893.. $150,550
TO TA L DEBT, SINKING FUNDS, ETC.-ThesubjoinedsUtem eut
Tax valuation 1892___ 7,261,030
C rrr N otes —
•how* Cambridge** total municipal debt, the sinking fund held by the 3*9S,....... , $77,000 .On demand. Tax valuation 1891___ 6,620.160
elty against the same, the water debt and its sinking hind on the first 3i*s. JAD.
10,000 .Dec. 1, 1892 Tax rate(per$l,000)in 1892.$13*80
(abt. $1,000 yearly) to Dec. 1,1900 Population in 1890 was......14,050
o f December o f each o f the last three years.
....s ,....... | $63,550.. — •
■1 Population in 1880 was......11,286
1892.
i WO.
1891.
P O P U L A T IO N .—Population in 1890 was 14,050; in 1880 was 11,$*2,439,000
$2,294,000
Total funded debt............. .
$2,014,000
549,906 286; in 1870 was 9,607.
772,280
651,827
Sinking funds.........................
Net municipal debt Dec. 1 #1.666,720
.$1,769,972
Water debt (additional;......... $1,711,500
Sinking fund602,019
$1,642,173
$1,604,435
$1,776,500
814.319
$1,491,094
$1,629,805
$1,771,500
765,755
81,005,745
Net water d e b t ...... ........ $1,100,481 * $962,181
$2,499,839
Net city and water debt . $2,776,201
$2,604,354
The sinking fund for the ten-year loans receives yearly 8*9 per cent
of th** Amount of outstanding bond*, for til* tw ent} Jear l*»:»n - tin- Milk,
lo g fund receive# 3*» per cent yearly, and for the thirty-year loans 2 p.cf
C ITY W A T E R W O R K S .—The city's water works are valued at
$3,133,349. In year 1888-89 receipt* from water rates were $224,300
for maintenance, $42,603 : tetereot, $-81,735 ; sinking funds, $55,007*
ASSESSED VALUATION. - T h e city's assessed valuation and tax
rate at various period* hare been as follows, real estate luting taken at
about cash valu e:
Rate o f Tax
Heal
Personal
Total
l*rtii»rrty.
Valuation. t>er $1,000.
Tears—
Estate.
$74,240,095
$16*00
$17,620,195
1892......... ...... $56,619,900
70,581,670
15*50
16.445.270
1891......... ...... 54,126,400
1890. _ ...... 52,235,000
_
07.574,925
15*60
15.339,925
16*00
11,900,100
65,281,275
1*89....... . .. .. 50,324,175
62,717,340
15*00
1883....... . .... 48,420.600
55,346,555
15*50
12.758,255
1885....... ...... 42.588,300
16*00
49,629,060
1880
...... 37,929.100
11,699,060
POPULATION.— In 1890 population was 70,028; in 1880 it was
2.669 ; lu 1870 It was 39,634.
C A N T O N . — P a t r ic k F. B r a d y , Treasurer.
This town I in Norfolk County.
Tax valuation—
Real estate.................. $2,442,228
W A TR I B o
4«, JAJ. $119,000 ................. 1893 Personal property....... 1,372,844
i$4.oood»ie yearly) to 1923
Total 1892............. $3,815,072
Total debt Mar.. 1893
.$134,000
Population In 1$90 was ____ 4,538 State, county and city
$13*00
vir'nmu’ M iti
...... i *«• < *«
Pmmtation in 18*0 w a *....... 4.516» | <tax jier $1,000..........
INTEREST is payable at Town Treasury.
LOANS-
C H A T H A M
When Due.
- L evi A twood, Treasurer.
Tills town is In Barnstable County.
C L IN T O N . —
LOANS-
This town is in Worcester County.
-Interest
-P rin cip a l.Outstand’g.
When Due.
P.Ct. Payable.
NAME AND PURPOSE.
Jan. 24, 1895
$ 20,000
J A J
... 4
July 4,1893 to 1896 >
4,000
... 4
J A Jj
$1,000 yearly.
£
Oct. 1,1893 to 1894)
12,000
... 4
A A 0 j
$6,000 yearly.
(
July 4, 1893
10,000
J A J
... 4
20,850
F A A ;, A u g.l,1893 to 1899)
... 4
ed
do
! $1,250 yearly.
$
115.000
Oct. 1, 1901
A A O
Water bonds..........
... 4
160.000
do
..........
T O T A L D E B T, Et c .—T otal debt, excluding water debt, February
1,1891, $91,750, against $103,000 February 1, 1890. Water debt (ad
ditional) $275,000; water debt sinking fund, $28,209, o f which $19,000
in Clinton water bonds and $9,209 in cash.
ASSESSED V A L U A T IO N , Et c .—I n 1890 assessed valuation o f real
estate was $-1,499,965; o f personal property, $1,544,052; total, $6,044,017; tax rate (per $1,000), $15*80. I 1 1889, real estate, $4,398,750;
1
personal property, $1,442,685; total, $5,841,435; tax rate (per $1,000)^
$17*00.
W A T E R W O R K S .—The*receipts from water rates in the year 189091 were $22,369; cost of maintenance and repairs, $3,782; sinking
fund, $7,427; construction, $5,202.
P O P U L A T IO N .—Population in 1890 was 10,424; in 1880 was 8,029 ;
in 1870 was 5,129.
C O N C O R D . — This town i
LOANS—
When Due.
Scin mils :
.............. .
.....................
Ot h e r p u b l ic B u il d in g s :
.............
$6,500........................
W a te r Works :
6s, M A S $20,000....Sept. 1,1894
6h, A A O
15,000.... Oct. 1,1894
6s, J A D
10,000... D’c.10,1894
6s, J A J
*
5,000... .Jan.1,1896
4s, A A O
45,000... .Oct. 1,1903
.............
27.500.......................
in Middlesex County.
Valuation, etc.
Trust funds.................... $27,883
Total debt, according to
our latest returns, incl.
trust funds was............ 174,283
i Water sinking fund.........
22,214
Tot. value town property
(estimated)................... 444,671
Tax valuation in 1890...3,605,306
Population in 1890 was..
4,427
do
in 1880 was..
3,922
24
ST/*T£ / W
CITY S U f f l E M ^ T ,
Vol. LVi.
IN T E R E S T — W H E R E P A Y A B L E -In te r e s t on most of the bonds is
paid only at the office of the City Treasurer; on some small issues, in
This town is in Essex County.
$33 500 ^ oudon an(1 Boston.
LO AN S—
When Due. Other debts..................
Tot.debt (latest returns)
W a te r B onds —
276:289
T O T A L D E B T , S IN K IN G F U N D S , E TC .-The subjoined statement
5s, J&J, $150,000.......July 1, 1903 Sinking fund................ 3 900 575 8,10W8 FaU R iver’s total municipal debt the additional water debt and
4s, J«fcI), 25,000...... June 1, 1902 T ax valuation, 1890 —
Population in 1890 was ’ .7*454 the sinking funds held by the city against the .same on the lirst of
4s, J&D, 15,000.....June 1, 1913
..8,...... , 52,789........................... Population in 1880 was ......0,598 January of each of the last three years. Mayor Coughlin reported the
net debt o f this city on January 1, 1893, as $1,211,702, but we have
received no further information as yet this year.
D U X B U R Y . — J. W. S w if t , Treasurer.
1892.
1891.
1890.
This town is in Plymouth County. Assessment is at full value.
$2,444,361
Municipal bonded debt.......... , $2,523,111
$2,241,861
60,210
LO AN S
When Due. I A ssets............................ $11,944
59,310
Net debt Feb. 1, 1893....
31,050 Outstanding contracts, etc—
R a il r o a d N otes —
82,201
70,195
4%s, A&O, $18,000. ..Apr. 1, 1893 T ax valuation in 1892. .1,242,019
$14-30
($2,000 yearly) to Apr. 1, 1901 Tax rate (per $1,000)___
Total debt Jan. 1............... $2,523,111
$2,586,771
$2,371,366
1,908 Sinking fund, etc..................... 1,340,806
4s, A&O, $25,000...... Apr. I, 1900 Population in 1390 was.
1,470,975
1,411,673
2,196
Total debt Feb. 1, 1893. ...$43,000 Population in 1880 was.
$1,115,796
Net debt............................ $1,182,305
$959,693
$1,700,000
Water debt (additional).......... $1,700,000
$1,700,000
E S S E X C O . — E. K e n d a l l J e n k i n s , Treasurer.
Water sinking funds and cash.
244,151
223,102
209,146
County seats are Salem, Newbui-yport and Lawrence.
$1,476,897
Net water debt.................. $1,455,819
$1,490,854
$158,492
LO AN S—
When. Due. Cash in Treasury_____
$2,592,693
$2,450,547
173,692 Total net debt Jan. 1 .............. $2,638,154
Co u n t y N otes fo b B r id g e , N et debt Jan. 1,1893.
Co urt H ouse an d J a i l .
Est. value of county
The sinking fund for the water debt receives yearly $13,500, for
Jigs, F A A, $50,000.Aug. 7, 1893
prop., court h’se, etc. 1,029,342
other debt various amounts. Tho sinking funds are mostly invested
313& 4s, Var., 150,000. Var., 1894 T ax valuation 1892.. .246,481,129
3Hss, J&J,
60,000.Jan. 28,1890 Tax valuation 1890...219,502,533 in the city’ s own bonds, the balance not so invested being on deposit
_
3%s, F&A,
50,000-Aug. 5, 1895 Population in 1890 was_ 299,995 in banks.
Total debt Jan. 1,1893.. $332,184 Population in 1880 was___244,535
C IT Y P R O P E R T Y —The city owns property, real and personal,
valued at $3,492,376. This includes its water-works, valued at $1,500,r i n r o r T T
5 a l o n z o H. EVANS, Mayor.
000. The water works in 1890 had gross earnings (including water
IL V Lb rA CL i I — 1N A T H A N NICHOLS, Treasurer.
E verett is in Middlesex County I t became a city on Jan. 1,-1893. for city purposes, receipts for meters, etc.) o f $128,434; net earnings of
W ater 30-year 4s to the amount o£ $30,000 were sold in July, 1892, at $99,879. Interest paid $97,375.
ASSESSED V A L U A T IO N —The city’ s assessed valuation (about the
103-56. E verett has petitioned the Legislature lo r authority to issue
same as real value) and tax rate have been as follows, real estate being
sewer bonds to the amount of $125 000.
LOANS—
When Due.
LO AN S—
When Due. taken at cash v a lu e :
A ssumed D ebt o f M a ld e n —
Real
Personal
Total
Rate o f Tax
Sc hool H ouse N otes —
Estate.
Properly.
Valuation, per $1,000.
7s, J&J, $26,000.. .Jan. 27, 1894 5s, MAS, $21,150 .. .Sept. 8, 1893 Tears—
Ce m e t e r y N otes —
$21,011,980
$54,281,930
$17-20
($2,350 due y ’rly) to Sept. 8,1901 1892................. $33,269,950
5s, J&D, $2,000...... Dec. 22,1896 4s, J&D, $10,000... June 25, 1893 1891................. 33,393,000
20,933,330
54,296,330
17-20
4s, J&J, 9,000......... July 1, 1896 ($3,000 due y ’rly) to June 25, 1895 1890................. 32,459,650
21,013,533
53,473,183
16-40
19,154,391
49,8-41,691
17-80
F ir e E n g in e , E tc ., N otes —
4s, .J&D, $1,000.......June 25, 1896 1889................. 30,687,300
5s, M&S, 3,000....Sept. 1,1893 4s, J&D, 38,000...... Dec. 1, ’ 93->02 1885....................................
...........
43,815,275
(part due yearly) to Sept. 1,1896 37
ss,J&D, 6,500...... ,J’ne27,’93-’97
The tax rate in 1890 was made up o f city tax proper, $12-00; State
Se w e r B onds —
M u n ic ip a l L oans —
3Ljs, M&S, $20,000.-Mar. 15, 1893 4s, J&J, $50,000......... Jan. 1, 1911 and county tax, $4-40; total, per $1,000, $16*40.
378s, J&D, $6,025. .June 27, 1893 4s, J&J, 50,000......... July 1,1911
P O P U L A T IO N —In 1800 population was 74,398; in 1880 it was
Sid e w a l k s —
4418, J&I),
6,300..Deo. 5,1893
44ts, J&D,
4,000 Dec. 19, 1893 4s, A&O, $ 1 0 ,0 0 0 ....---- - 1893-97 48,961; in 1870 it was 26,766.
P ublic L ib r a r y —
W a t e r B onds —
( SAM UEL L. GRAVES, Mayor,
37 J&D, $15,000.. J'ne27,’93-’02 4s, J&J, $30,000.........July 1,1922 C’ l T ' P U T J T T D r ’
8S,
U -LA i_ r .— ( GEORGE E. CLIFFO RD , Treasurer,
4s, J&J, $100,000.... July 1,1921 r i l
This city is in W orcester County. In regard to the $400,000 o f 6 per
I N T E R E S T on the water bonds and sewer bonds is payable at the
Winthrop National Bank, Boston; all other interest by check Irom cent general city bonds which fall due in 1893, Mayor Graves in his
inaugural address said that authority had beeu grantad for tho funding
Treasurer’s office.
T O T A L D E B T, Et c .—E verett’ s total bonded debt on January 1, o f one-half o f tills amount, and that the remainder would be paid at
1893, was $230,000; floating debt, $176,975; total debt, $406,975 (of their maturity by the general sinking fund, which would by that time
which $130,000 for w ater); sinking fund assets, $23,112; net debt, he amply sufficient for the purpose.
Se w e r (continued)—
LO AN S—
When Due.
$383,863.
B ridges —
4s..........$35,000.......
1912
Wa ter—
ASSESSED V A L U A T IO N .—The assessed valuation in 1892 o f reaj 4s, M&N, $2,500........ Nov. 1,1893
4 s ,....... , 9,000........
1902 6s, J&J, $80,000....... July 1, 1905
estate was $9,430,000; of personal property, $531,100; total assessed
Cit y Box us
6s, J&J, 20,000....... July 1,1906
valuation, $9,934,300. Property is assessed at a fair cash value. The ds, J&J, $400,000...... July 1,1893 4s, M&N,
2,000....... Nov. 1,1894
P a v in g 4s, M&N,
2,500....... Nov. 1,1895
tax rate (per $1,000) for State, county, town and sohoo! purposes was
48, M&N, $15,500.Nov. 1/93 to ’98 4s, M&N, 100,000....... July 1, 1901
$1400.
4s, J&D,
2,500......
1902 4 s ,....... , 11,000.......
1902
4s, A&O, 50,000......Apr. 1, 1903
School —
P O P U L A T IO N .—The population according to United States Census
4s, J&D, $22,000. June 1, '93 to ’99
Subject to call after Apr. 1,1898
in 1890 was 11,068; in 1880 it was 4,159; In 1870 it was 2,220
..8,...... , 20,000.
1902 4s, M&N, $100,000.May 1. 1911
According to local authority the population in 1892 was 14,184. Estil
Se w e r —
4s, A&O. 300,000. Apr. 1, 1922
4s, M&N, $12,000.Nov. 1, '94 to '98 3%s, A&O, 50,000..Apr. 1, 1898
mated population Jan. 1 ,1893, about 15,000.
4s, J&D, $6,000..Dec, 1, ’95 to ’98
T T A T T r x I \ / re- ru
1JOHN W. COUGHLIN, Mayor.
P A R V A L U E O F B O N D S ,—The bonds are for $1,000 each and a ll
-T -rt.J_.J-. t v 1 V t b l r t . — ) C. P. B R IG H T M A N , Treasurer
coupon except the 3 ^ per cents due 1898 and the 4 per ceuts due iu
Fall R iver is in Bristol County.
1903. These latter are registered.
LO AN S—
When Due.
■
%
LO AN S—
When Due.
4s, M&N, $85,500..M ay 1, 1894
IN T E R E S T is payable in Boston at Merchants’ Bank.
P a v in g L oans (continued)—
($9,500 due v ’l'ly) to M ay 1, 1902 3his, J&D, $20,000 .. .June 2,1893
T O T A L D E B T, S IN K IN G FU ND S, ETC.—The subjoined statement
4s, J&J, $150.000.July 1, 1893
($2,500 due y ’rly) to June 2, 1900
shows Fitchburg’ s total municipal debt, the sinking fund held by the
($7,500 due (y’rly) to July 1,1912
School L o an —
Ci t y H a l l L oans —
3Lis, M&N, $40,000..M ay 5, 1893 city against the same, and the water debt, on the 1st of December o f
37 M&S, $60.000..Sept.15,1893
ss,
($5,000 due y ’rly) to May 5, 1900 each o f the last three years.
($10,000 due y ’rlyjto Sept.15,1898
Se w e r L oans —
1392.
1891.
1890.
3 Sis, M&N, $14,000..Nov. 5, 1893 6s, M&N, $61,860___Nov. 1,1896 Total city debt December 1 .......$1,290,000
$926,500
$1,038,000
($1,750 due y’rly) to Nov. 5,1900 6s, M&N, 125,000... .May 1,1905 Sinking funds, cash, etc.............
425,036
320,269
469,148
3%s,M&N, $18,000...M ay 1,1893 4*25, J&D, 42,500___.Tune 1,1893
($2,000 due y ’rly) to M ay 1,1901
($2,500 due y ’rly) to Juuo 1,1911
N et debt on December 1
......... $864,964
$606,231
$568,852
3ifis, A&O, $35,000.Oct. . 1,1893 4s, J&D, 42,500----June 1, 1893
$404,500
$504,500
($5,000 due y'rly) to Oct. 1,1899
($2,500 due y’rly) to June 1,1911 W ater debt, included above....... $715,500
3Ljs, A&O, $10,000.A p r .. 15, 1893 4s. A&O, $42,500...... Apr. 3, 1894
The total city debt on December 1, 1892, as given in the above, in
($5,000 due y'rly) to Apr.15, 1900
($2,500 due y'rly) to Apr. 1, 1912 cluded temporary loans to the amount of $50,000. Tho sinking funds
F u nd ing L oans —
3 > M&N, $48,000. .May 1,1894
28,
6s, M&N, 400,000...May 1,1895
($3,000 due y ’rly) to M ay 1, 1909 are invested in sundry municipal bonds.
6s, J&D, 25,000...June 1, 1897 3L2S, A&O, $42,500..Apr. 1, 1894
ASSE SSE D V A L U A T IO N .—The city’s assessed valuation and tax
5g, F&A, 600,000...Aug. 1,1894
($2,500 due y ’rly) to Apr. 1,1910 rate have been as follows:
5s, M&N, 50,000...M ay 1,1895 3%s, M&N, $9,000...Nov. 5, 1893
Real
Personal
Totnl
Rate o f Tax
5s, M&N, 175,000...M ay 1,1898
($500 due yearly) to Nov. 5,1910
Estate.
Properh/.
Valuation.
per $1,000.
4s, M&N, 144,000.. .May 1,1895
W a t e r B onds $4,093,630
$17,065,545
$16*40
4s, M&N, 86,500...
"
------ 68, M&N, $150,000...N ov. 1,1893 1R92................$12,971,915
16,261,117
16-40
3%s,A&0, 140,000... Apr. 1,1893 ($25,000 due y ’rly) to Nov. 1,1898 1891..........................................................
3,591,126
15,476,216
16*40
($20,000 due y ’rly) to Apr. 1,1899 6s, F&A, $150,000.. Aug. 1,1899 1890............... 11,885,080
1889............... 11,086,375
3,724.393
14,810,768
17*00
H ig h w a y L oans —
6s, M&N, 175,000...Nov. 1,1899
13,694,890
........
4ias, J&D, $45,000.. .June 1,1893 6s, F&A, 100,000...Feb. 1,1900 1888..........................................................
"
'
*
($5,000 due y'rly) to June 1,1901 6s, F&A, 300.000. . .Feb. 1.1904
The city’s valuation for 1891 has not yet been reported.
4igs, M&S, $40,000...Sept. 1,1901 6s, F&A, 300.000. .. Feb. 1.1905
P O P U L A T IO N .—In 1890 population was 22,037; in 1880 it was
4s, J&D, $45,000...June 1, 1893 6s, M&N, 100,000...Nov. 1,1906
($5,000 due y’rly) to June 1,1901 5s, M&N, 100.000. . .May 1,1908 12,429; in 1870 it was 11,260.
3ais, M&S, $12,000..Sept.15,1893 5s, F&A, 100.000. -.Feb. 1,1909
($1,500 due y'rly) to 8 e p t.l5 ,1900 5s, M&N, 100.000. ..M ay 1,1909
Mayor.
M u n ic ip a l LoAss
4s, F&A,. 100,000... Aug. 1,1900 F R A M I N G H A M . — E. J. BROWN. BARD, Treasurer.
JOHN B. LOM
ays, M&N, $12,000..Nov. 5,1893
W a t e r W o r k s E x te n s io n —
This town is in Middlesex County.
($1,500 due y’rly) to Nov. 5, 1900 3%s, M&N, $8,000...Nov. 5,1893
P a v in g L oans —
($1,000 duo y ’rly) to Nov. 5,1900
LO AN S—
When Due. Net debt Jan., 1893......... $144,753
413s, J&D, $22,500...June 1,1893
Wa t e r I n d e m n it y —
Se w e r B onds—
T ax valuation, real....... 6,370,560
($2,500 due y ’rly) to June 1,1901 3 :
hs, A&O, $8,000... .Apr. 1,1894 4s, F&A, $140,000. ...Au g. 1, 1908 T ax valuation, personal.. 1,564,540
4s, J&D, $22,500...... June 1,1893
($2,000 due y’rly) to Apr. 1,1897
Interest is payable in Boston.
Total valuation 1892...... 7,935,100
($2,500 due y’rly) to June 1,1901
Bonded debt Jan. 1893.. $140,000 Total valuation 1891...... 7,861,630
Floating debt..................
28,000 Total ta x (per $1,000) -..
$15*00
* The 412 per ceut highway loan, amounting to $40,000, was Issued Total debt Jan., 1893.... 168,000 Population in 1890 was..
9,239
Sept. 1,1891, and is secured by a special sinking fund.
6,235
Sinking funds................
23,247 Population in 1880 was..
D A N V E R S . — H. N e w h a l l , Registrar.
April, 1893.
M ^SS^C4fUSm S-0ltj£S
F R A N K L IN
C O . — E.. A.
County seat is Greenfle.d.
LOANS—
When Due. I
J ail L oan —
4s. J&J. $37.000.........On demand ;
g c x s n u i s B kukje L o a n —
3 -H JAB, $7,000.........Jan.,1895 I
s.
N ew comb,
Treasurer.
Total debt Jan. 1,1893.
$44,000
T ax valuation 1892...... 20,888,382
Tax valuation 1891...... 20,021,045
Population In 1890 was...... 38,610
Population in 1880 was...... 36,001
INTEREST on the bridge loan U payable In Boston and on the jail
ioan in Greenfield.
G A R D N E R . — J o h n D. E dgell, Treasurer.
This town Is in Worcester County.
Valunlion, Jr,—
LO A N S —
When Due.
P oni EIi Di'iir—
i T ax valuation in 1890. .4,136,802
. $137,000 .part yearly. I Population in 1890 was.......8,424
Total debt in 1893.. ... $137,000 I Population in 1880 was.......4,988
6s, J&D
IN T E R E S T is pay ble at the First National Bank, Gardner. Mass.
ASA G. AN I)RKW S. Mayor.
E D W ARD DOIJLIVER, Treasurer,
Oloueester Is in E iw x Coi
nmcy. The 950,000 of A per cent highway
bond* hwifld
were sold by the city at 101*75, that being:
the highest of tw» lve b
G LO U CESTER.
LOANS-
P. Ct.
KAME AND PURf
City bonds..................1888.. 4
High school notes.......1889
4
do
d«»
4
Highway improvement. 1891
4
Jo
Jo
I8ih!
4
Paving notes
1887.. 4
Police and armory uotos.1889
4
School notes................1884.. 5
Vurictm purpose* note*......... 1
Payable.
j & J
M & 8
A A O
J A J
j & .1
M A 8
j & J
A & 0
Vario's
-------- Prin cipal.--------- When Due. Oalstand'g.
July 1. 1B0S 9136,000
Sept. 3, 1897
45.000
Oct. 1, lb!l<J
13,950
July 1, ltXU
50.000
July 1, 1902
50.000
Sept. 1, 1897
40.000
Jan. 1, 1899
35.000
Oct.. 1802-*94
*2,400
1892 to 1900
13,200
INTEREST—WHERE PAYABLE.— Interest on the city bonds is
payable at the Fir-t National Bank of Boston; on the city notea ut
City Treasury.
TO TA L DEBT, SINKING FUNDS, ETC.—The subjoined statement
•how* Gloucester** total munlHpii debt and the sinking fund held by
the city again* t the same on the find of December of each of the last
three years:
1992.
1991.
1890.
Total funded debt..................... 9385.550
9339,150
9292,75c
hlnklng fund*---- ....................... 88,80*
04,971
45,003
TOWNS,
25
LO AN S—
When Due. 4s, A&O,$120,000..... Oct. 1, 1900
Cit y B onds —
48, A&O,
70,000..... Oct. 1, 1901
7s, A&O, $40,000....... Oct. 1, 1893 4s, A&O,
50,000..... Oct. 1, 1921
($20,000 due yearly) to Oct. 1,1894 4s, A&O,
60,000..... Oct. 1, 1902
5s, A&O,
15,000.... Apr. 1, 1893 Is, A&O,
25,000..... Oct. 1, 1922
($5,000 due yearly) to Apr. 1, 1895 3^8, F&A,30,000........ A u g.l, 1895
4s, M&S, $80,000.......Mar. 1,1894
W a te r L oan 4s, A&O,
65,000.... Oct. 1, 1899 4s, J&D, 300,000....... Dec. 1, 1912
4s, A&O,
45,000.... Sept.l, 1898 48, J&D, 400,000....... Dec. 1, 1922
T O T A L D E B T.—The following statement shows Haverhill’s total
municipal debt, the sinking funds held by the city against the same
the net debt, and the additional water debt, on January 1 of eaoh of the
last two years:
1893.
1892.
Bonded debt......................................................... $601,500
$541,500
Sinking fu n d s ..................................................... 147,160
105,331
Net debt January 1 ........................................$445,340
$436,169
Water debt (additional)...................................... 700,000
nil
ASSESSED V A L U A T IO N of the city and the tax rate have been
as follows in the years indicated. Property is assessed at about % of
its actual value.
-Assessment.—
Tax rate
Years.
Real.
Personal.
Total.
per $1,000.
1892...............$15,187,705
$4,600,405
$19,788,110
$17*20
1891............. 14.873,912
1,906,409
19,780,321
151890............. 13,139.666
4,731,106
17,870,772
17-00
1886..................................
15,406,124
161882..................................
11,513,621
17P O P U L A T IO N .-P o p u la tio n in 1890 was 27,412; in 1880, 18,472
in 1870, 13,092.
H O L B R O O K . — George T. W ild e , Town Clerk.
This towu is iu Norfolk County.
LOANS—
When Due.
W a te r Works —
4s, A&O, $30,000___Apr. 1, 1907
is. A AO, 30,000...... Apr. 1, 1912
Is, A&O. 40.000...... Apr. 1, 1917
4s.------ , 35,000____ July 1, 1922
Other debts, $17,600
Total debt July 1,1892.. $152,600
Sinking fund assets.......
13,851
Net debt July 1, 1892___ 138,749
Total value town pvop’ty 177,251
Tax valuation in 1890.. .1,107,230
Population iu 1890 was.
2,474
Population In 1880 was.
2,130
H O L L I S T O f i —J ames F. F iske , Town Treas
This towu is in Middlesex County.
LOANS—
When Due.
W ar Loan
3^s, J&D. $12.000__ Dee. 1,1893
($3,000 duo y’ r ly ). to Dec. 1, 1896
Notes due '93 to *99---$11,000
Total debt Feb. 1, 1893.
23,000
Tax valuation 1892___ $1,552,234
Assessment about % actual value.
State, city and county
tax per $1,000..........
$19-50
Population in 1890 was....... 2,616
Population in 1880 was....... 3,098
Net debt on Deeefntwr 1
•396,742
$271,179
$247,086
Th** sinking fund receive* year about $20,000, and is invested in
arly
oud», etc.
real estate mortgage*, railroad hot
1). S. FARR, Mayor.
ASSESSED VALUATION.- n 6 city's assessed valuation and tax H O L Y O K E .
T. D. O'BRIEN, City Clerk.
rate at various periods have been a. •follows, real estate being taken "a t
This city is in Hampden County. Holyoke has asked the Legislature
•bout three-fourths cash value
for authority to issue $250,000 of sewer bonds.
Personal
Rate o f Tax
Interest.— «
,
-P rin cip a l.LOANSYear*
Real Estate.
Property.
Total, per $ 1,000. j NAME OR PURPOSE.
Rate. Payable.
When Due.
Outstanding.
.... $10,909,300
1892.
14,102.316
$1:>,0U.G16
$15*40 Bridge bonds, 1891..
Sept. 1, 1911
$85,000
4g M & s
1891
___
10,226.530
3.980.191
14.213,021
15*40 City bonds...............
6
A & O
Oct. 1, 1899
--------271.000
189**
9,928,400
4.02I.064
13,952,404
15*30
I M & 8 Sept. 1, 1898
125.000
18*9.
9,637,340
3.773.693
13,411,033
15*00 Water loan...................... 6
J & J
July 1, 1900
250.000
....
9.154.010
IH*'*
3,896.08*
13,050,098
17*50 Holyoke & Westfield RR. 7
J & J
July 1, 1893
60,000
1880.
.
5,476,770
2.021.380
8.101,150
228)0
do
do
4
A&O
Oct. 1, 1920
166.000
Various
illation was *24,651; in 1880 it was City notes........................ Var. Various
325,500
P O P U L A T IO N .- •In 1800
INTEREST-W HERE P A Y A B L E -In te re s to n the bridge, c ty and
19,329 . in 1870 it a as 15,389
le population In 1*92. according to
railroad 1 per cent* Is payable in Boston; on other issues at City Treaslocal authority, is T- > 0 .
.O 0
ury.
TO TA L D E B T, S IN K IN G FU ND , ETC.-Thesubjoined statement
G R E E N F I E L D . — U. II. K a I'LBACH, Treasurer, j shows Holyoke's total municipal debt and the sinking fund held by the
"Mil* tii VQ U in
a
nb11•. *..***, I
r*T
*#4 »■ 1 u **4
.. district * municipal corThis ffriwn 1 tn FraiiklittICounty. *Til e fire> 1 ^ ..r I1 ..afiutuli.l I ...... f city against the same on the first of January o f each of the years in
poration mVliin 1 to wn and ha* a
he
Unct debt.
dicated.
1893.
1891.
1890.
When Due.
iCflOOL LOAJf—
LO A N S
Is JAJ. $6,000...... O et 15,1897 Total debt.........
$1,282,500
$1,068,000
R K f'M Jl!t > iu, X|»*$1,042,500
IHN) Oct 15. 1893 •$2,000 due y ’ rly) to Oct. 15,1899 Sinking funds...
370,593
257,472
237,615
4». J&J. #2<
($5,000 due y'rly i to I>ct. 15, 1896 4* JAJ. $ 1
,700. ..Oct. 15. 1900
Rr.Mw AL RR. Ito* Ml—
Net debt on January 1 .... $911,907
$810,528
$804,885
To tal town debt 1803 ... ..$54,200
4s, JAJ. $1 ,500
)ct. 15, 1895 FI re district debt 1893 .. 71,975 Water debt, included above . $250,000
$250,000
$250,000
U , JAJ.
,500 ... .Chrt. 15, 1890 Ta x valuation 1892..., 1,996,779
Of the sinking fund as above given for 1891, $145,392 was for ordin
4.500 ... .CH*L 15, 1897 Ta v valuation 1891___ 4,790,757
4*. JAJ,
4a, JAJ. 15 imjO
H 15, 1898 To wn total ta x ............... .. $12*50 ary city bonds, the balance, $112,080, being for water debt.
?4.
# 3,009.1 ise r*rly to ( )ct. 15, 1902 Ft -c District ta x ........... ..
0*70
C IT Y P R O P E R T Y —The city has, besides the sinking fund above
Po pulatton tn 1890 was. ....5,252 1
Kfc* K’A % I.Mfl
rv LOAJf—
L
U . JAJ. $4,000 . 1893 A 1894 Local reiunts 1892......... — 5,842 described, $226,500 Holyoke & Westfield RR. stock. This railroad is
leased to the New Haven & Northampton and has paid dividends since
1879, the city receiving $6,795 therefrom in 1890.
H A D L E Y . — II. S. S hipman , Treasurer.
ASSESSED V A L U A T IO N —The city’s assessed valuation and tax
rate have been as follows, real estate being taken “ at about 60 per
The town o f Hadley I* situated in Hampshire County.
cent cash value.”
LOANSWhen Due. I Vnluali-n. ele.
Total
Rate o f Tax
Personal
Real
T o w * N otes —
Total debt (latest returns).$74,017
Valuation. per $1,000.
Properly.
Estate.
4H*.
... $7,500
On demand Uncollected taxes, cash,&c. 10,146 Years—
$6,241,765
$24,473,285
$17-50
1892...............$18,231,520
j 4a. .
,1 0
eld
63,871
22,073,825
18-00
5,158,955
4k,
10.000 N«*v l , 1890 j T ax valuation in 1890... 1,000,873 1890............... 10,914,870
16,874,635
18-20
3*t*,
,
1.800 Jan. 1, 1805 Population In 1890 w as....... 1,669 1886...................................
13,374,005
15-40
| Population In 1880 waa.......1.938 1882...................................
The total tax rate for 1892 included city and school tax, $16-49;
county tax, $0*64, and State tax, $0*37.
H A M P D E N C O . — W. O M a r s h , Treasurer.
’.
P O P U L A T IO N —Iu 1890 population was 35,528; in 1880 it was 21,County s«»it la Springfield.
915 ; In 1870 it was 10,733.
LOANS—
What* Due. I Funded debt Jan. 1,*93.. $331,000
B riim . p, H o x ia lin kin g fund................
4,630
4*. JAD, $51,000 ... On demand Floating debt..............
8,599 H O P K I N T O N . — 0. W ondehley , Town Clerk.
UOCIT llovn r, Ncm a—
T ax valuation in 1890. .95,128,777
This town is in Middlesex County.
7*.
.$100,000
Jan. 1,1894 County property.........
590.000
$5,000
LOANS—
Amount. Trust funds....................
{$10,000 due y'rly) to Jan. 1.1903 Tax j»*r $1.000................... $13*00 Schools..............................$20,000 Water sinking fund.......
4,000
Jut a If or 6orrki u -.\
P opulation In 1890 w as...135,713 Public Buildings............. 15,000 Other sinking funds.......
93,000
3a. PAA. $200,000
Aug. 1. 1906 Population In 1880 was... 10*1,142
T ax valuation in 1890...2,222,199
Railroads......................... 109,000
Population
4,088
INTEREST on the ja il and house o f correction bonds is payable at Water Works................... 35,000 Population in 1890 was..
in 1880 was..
4,601
the First National Bank o f Bos;on. Ma m .; all other interest payable at Total debt (latest returns). 184,000
the Springfield Institute
H A V F P U I T
for .Savings. Springfield, Mass.
T
' O L IV E R T A Y L E R , Mayor
t JOHN A. G LINES, Treasurer.
Haverhill is In Essex County. Haverhill’s water debt was created
la*t year to pay for the water works which the city has recently
bought from the Haverhill Aqueduct Company.
n / \ V C -rv rTll_s L».—
H U D S O N . — .Joseph S. W elsh, Treasurer.
This town is situated in Middlesex County.
A mount. Net debt.......................... $125,365
LOANSTown Bonds................... $72,000 Tax valuation in 1890.. .2,490,115
20*00
91,390 Tax rate per $1,000.......
Water Bonds...................
Total debt Jan. 1, 1891.. 163,390 Population in 1890 was....... 4,670
38,025 Population in 1880 was....... 3,739
Cash & uncollected taxes
80
75
40
STATE AND CITY SU fftfcW EN T.
26
H YD E
P A R K . — H e n r y S. B unton , Treasurer.
Tliis town is ill Norfolk County. The debt incurred o f recent years
lias been for permanent improvements and cemetery
LO AN S—
When Due. 4s, MAS, $8,000....Mar. 1,1894
($2,000 due yearly) to Mar. 1,1897
TOWN B onds 4s, F A A, $1,000........Aug. 1, 1893 Total debt Feb. 1,1893. $208,000
150,882
($500 due yearly) to Aug. 1,1894 Sinking fund................
57,118
4s, F A A, $8,000......Aug. 1,1893 Net debt Feb. 11893__
($2,000 due yearly) to Aug. 1,1890 T ax valuation, real...... 7,141,305
983,986
4s, MAN, $10,000... .Nov. 1 ,1S93 T ax valuation, personal
($2,000 due yearly) to Nov. 1, 1897 Total valuation 1892... 8,125,291
4s, MAS, $12,000......Sept. 1,1893 Total valuation 1882... 4,597,771
15 00
($2,000 due yearly) to Sept. 1,1898 T ax rate (per $1,000)...
Population in 1890 was.......10,193
T o w n N otes —
4s, MAS,
8,000....Mar. 1,1894 Population in 1880 was...... 7,088
4s, F A A ,$148,000....Feb. 1,1894 Population in 1870 was...... 4,136
4s, JAJ,
3,000----July 1, 1893
($1,000 due yearly) to July 1,1895
L A W R E N C E — L ewis P. Collins , Mayor.
This city is in Essex County. Tlie gross debt has been largely re
duced of recent years.
LO AN S—
-In terest . - — .
------ PHncigal.P Cl. Payable. When Due. Outstand’g.
NAME AND PURPOSE.
5N o v .l,’91-1900} $50,000
M
Gale’s H ill improve, notes...
4
( part each year.
25.000
.......
Apr. 1, 1892
Municipal debt—not funded..
6
6,000
.......
Oct. 1, 1892
do
do
do
_____
6
.......
July 1, 1S94
262,000
do
do
do
------6
3,000
.......
Feb. 1, 1905
do
do
do
—
6
80.000
Ordinary city debt, 1885..........
4 J & J July 1, 1895
300.000
Sewer loan, 1884......................
4 J & J July 1, 1904
65,000
Union Streetbridge..................
4 J & J July 1, 1902
100.000
W ater loan, 1873......................
6 A & O Oct. 1, 1893
327.000
6 A & O Apr. 1, 1894
(a) do
1874......................
373.000
(a) do
1874.......................
6 A & O Oct. 1, 1894
200.000
(b) do
1875.......................
6 A A O Apr. 1, 1900
100,000
(b) do
1876.......................
6 A & O Apr. 1, 1906
(a) $500, $1,000 and $5,000 pieces.
(b) $1,000 bonds.
PAR V A L U E O F B O N D S .— The bonds are o f various denomina
tions, as indicated above.
I N T E R E S T — W H E R E P A Y A B L E .— Interest is paid partly at the
Tremont Bank in Boston, and partly by the City Treasurer.
T O T A L D E B T , S IN K IN G F U N D , E TC—The subjoined statement
shows Lawrence’ s total debt, the sinking fund held by the city
againsi tbe same, and the water debt, on the flrst o f January ol
each of the last three years.
1892.
1891
1890.
Total debt (incl. water d eb t)...$1,801,000
$1,950,835
$2,118,782
Sinking funds, etc...................
431,267
545,190
697,662
N et debt on Jan. 1............. $1,429,733
$1,405,465
$1,421,120
W ater debt, included above.......................
$1,100,000
$1,300,000
Of tbe sinking funds as above given on January 1,1891, $240,118
was for w ater debt, $176,274 for tbe municipal bonds, $42,178 for
tbe ordinary city debt, $73,228 for tbe sewer loan and $13,193 for tbe
Union Street bridge loan.
C I T Y P R O P E R T Y .—Tbe city owns property valued at $1,878,542
including $1,030,507 for w ater works. In 1890 water works’ earnings
were $82,165.
ASSESSED V A L U A T IO N .—Tbe city’s assessed valuation and tax
rate at different periods bave been as follows, real estate being taken
at “ about 90 per cent cash value.”
Total Assessed
Rate o f Tax
Years—
Valuation.
p er $1,000
1890........................................................ $30,476,223
$14*80
1889........................................................ 29,640,947
15*20
1888........................................................ 28,971,979
16*00
1880........................................................ 24,187,140
16*80
P O P U L A T IO N .—In 1890 population was 44,654; in 1880 it was
39,151; in 1870 it was 28,921.
L E O M I N S T E R . — 0. A. J o s l in , Town Clerk.
Tbis town is in Worcester County.
T o w n N otes —
LO AN S—
When J>ue.
3iss, $30,000 4^28, $5,000
W a t e r W orks —
7s, M&N, $25,000...May 17,1895 4s,
32,900 412s, 2,000
6s, J&J,
10,000...July 1,1895 Total debt Jan. 1,1893.. $249,400
4n*s, M&S, 20,000...Sept. 4, 1900 T ax valuation, real....... 4,009,327
4s, M&N, 50,000...Nov. 17, 1900 T ax valuation, personal. 887,987
4s, M&N, $40,000... .May 17,1900 Tot’l valuation in 1892..4,897,314
4s, J&D, 25,000....June 3,1900 Total ta x (per $1,000)... $18*50
Se w e r L oans —
Population in 1890 was....... 7,269
4s, $6,000 and 41*8, $3,500
Population 1892 (estimated) .8,000
IN T E R E S T on tbe 6 per cent water bonds is payable in Lynn; on tlie
other water bonds interest is payable at tbe Boston Safe Deposit &
Trust Co. of Boston, and on tbe town notes interest is paid in Leominster.
L E X I N G T O N . — L. A Sa v il l e . Town Clerk.
This town is in Middlesex County.
LO AN S—
When Due.
T ow n H a l l N otes —
4s, J&D, $7,800..........Dec. 1, 1893
($2,600 due y’l'ly) to Dee. 1, 1895
School H ouse N otes —
3%s, Var. $42,000..J’ne 11,1893
(Part due yearly) to 1901
Other liabilities................ $22,100
Total debt Jan. 1,1893.. $71,900
T ax valuation, real....... 3,047,034
T ax valuation, personal. 475,611
T ax valuation 1892___ 3,522,645
T ax valuation 1891.......3,479,158
Tax per $1,000..............
$17-00
Population 1890 was___
3,197
Population 1880 was___
2,460
L I N C O L N . — C h a s . S.
W i i e e l e r , Treasurer.
This is a town o f Middlesex County.
LO A N S —
When Due. T ax valuation, real....... $704,230
WATEit B onds—
T ax valuation, personal. 1,704;793
6s, J&D, $30,000.......Dec. 1,1894 Total valuation 1392___ 2,409,023
Bonded debt Jan. 1, ’93.. $30,000 Assessm’t same as actual value.
Sinking fund...................
9,000 Total tax (per $1,000)..
$7-50
Net debt.........................
21,000 Population in 1890 was
987
IN T E R E S T is payable at National Bank o f Commonwealth, Boston.
r C TN Ay W T T
j JO H N J. PICK MAN, Mayor.
J-iL A W E . L L — £ A U S T I N K . C H A D W IC K , Treasurer.
This city is in Middlesex County. We have not yet sueoeeded in oh.
talning a detailed statement for this year from the city officials, but
Vol. LVI
will give it as soon as received in the State and City Department of
t i l e C H R O N IC L E .
LO ANSWhen Due.
4s, A&O, $100,000................. 1920
B rid g e B onds —
4s, A&O,
94,000... Apr. 2,1903
C it v H a l l B onds —
4s, A (to , $95,000..... Oct. 1, 1920
Se w e r B onds —
4s, J&D, 15,000... .June 20, 1893
4s, A&O, 56,000....... Oct. 2, 1902
V ario u s Cit v B onds—
4s, M&N,
7,500..... May 1,1893
4s, J&D, 176,000..... Dee. 1, 1892
($22,000 due y’rly) to Dec. 1, 1899
W a t e r B onds —
4s, M&N, $600,000.. ..Nov. 1, 1920
.......,
86,000
.............
W a t e r N otes —
6eins, J&D, $100,000.J’ne 14,1893
8Vs, A&O,
50,000.Oct. 14,1894
6Vs, M&N, 100,000.Nov. 12,1891
4s, M&N,
75,000.Nov. 1,1911
.., ....... , 200,000......................
Cit v N otes —
6Vs, F&A, $100,000..Aug. 7,1894
6Vs, M&N,
25,000. .Nov.25,1894
6s, Various, 36,000.Irredeemable
LO AN SWhen Due.
4s, J&D, $10,600...Dee. 15, 1893
4s, J&J, 9,000.........Jan. 15, 1893
($3,000 due y ’rly) to Jan. 15,1895
4s, J&D, $4,000....... Dec. 1, 1893
4s. J&D, $32,400......Dec. 21,1893
($5,4000 due y’rly) to Dee, 21,1898
4s, M&S, $28,000...... Mar. 4,1893
($4,000 due yearly) to Mar. 4,1899
4s, F&A, $36,000...... Aug. 1,1893
($6,000 due yearly) to Aug. 1,1898
4s, F&A, $30,000...... Aug. 7,1893
($5,000 due yearly)to Aug. 7, 1898
4s, J&J, $28,000......July 16,1893
($3,500 due y’rly) to July 16,1900
4s, M&N, $36,860_ Nov. 29,1893
_
($4,600 due y’rly) to Nov. 29,1900
SVs, M&N, $17,500..May 22,1893
($2,500 due y’rly) to May 22,1899
3 'Vs, J&D, $21,000.. .June 3, 1893
($3,000 due y’rly) to June 3,1899
N otes in Sin k in g F und—
4 Vs. Var’ s, $-13,000.Yearly $9,000
4s, Var’s, 150,200.Yearly 22,100
3 Vs, Var’s, 35,000.Y early 7,000
T O T A L D E B T, S IN K IN G FU ND S, E TC .-T h e subjoined statement
siiows Low ell’ s total debt and tbe sinking fund held by the city against
the same on tlie first o f January o f 1893, 1891 and 1890:
1893.
1891.
1890.
Total debt (ineludingwater)___ $3,248,300
$2,894,000
$3,461,700
Sinking funds.............................................
732,231
1,325,582
N et debt on January 1.........................
$2,160,769
$2,136,118
Water debt (included above)......................
$1,211,000
$1,828,000
C IT Y P R O P E R T Y .—The city owns real estate valued at $2,042,324
in addition to the w ater works, which have cost $2,387,672, the city's
total assets, real and personal, being about $5,109,384.
ASSESSED V A L U A T IO N .—The city’ s assessed valuation and tar
rate at different years bave been as fo llo w s :
Personal
BateofTax
Pea l Estate.
Property.
Tears—
Total.
per $1,000
1891..................................
...........
$15-60
$17,037,462
1890................ $45,316,150
$62,353,612
1700
15,639,884
1889................
44,114,095
59,753,979
1610
1888...................
42,535,745
15,160,815
57,696,560
.......
1887...................
41,322,794
15,426,459
56,749,253
15-70
P O P U L A T IO N ^ —In 1890 population was 77,696; in 1880 it was
59,45 o.
T
v JM
5 E L IH U B. H A Y E S , Mayor.
' J IN IN .— ) H A R T W E L L S. FRENCH, Treasurer.
This city is in Essex County. Lynn pays to the sinking fund yearty
an amount of money sufficient, with the accumulations of interest on
the sinking fund investments, to pay off the entire debt at maturity.
LO ANS—
When Due.
Se w e r L oan —(Continued)—
E n g ine H ouse 3%s, J&J,$10,000,r..J u ly 1, 1904
48, M&N, $3,000, r ___ Nov. 1,1893 31- S, M&N, 9,000, r .. .Nov. 1,1894
2
($1,500 yearly) to Nov. 1, 1894 3Vs, J&D, 15,000, r...J u n e l, 1896
4s, J&J, $8,000, l-___ July 1, 1898
Str e e t I m pr o v e m e nt *—
4s, J&J, 15,000, r ___July 1, 1901 4s, A&O, $30,000... .Apr. 1,1902
4 s,----- , 10,000....... ..................... 4s, A&O, 125,000, r..A p r. 1,1920
F ir e A p p a r a t u s L oan —
4s, A&O,
10,000, r..Oet. 1, 1921
4s, J&J, $11,000, r ___July 1,1900
W a t e r L oan M u n ic ip a l L oan 68, J&J,$100,000, C..July 1,1894
63, A&O, 70,000, c ___Apr. 1, 1895 6s, J&J, 50,000, c .Jan. 1, 1896
"
6s, A&O, 220,000, c&r.Apr. 1, 1896 5s, J&J, 50.000, c.-Jan. 1, 1899
5s, M&N, 20,000......N ov.19,1894 os, J&J, 50.000, c. .Jan. 1,1900
5s, M&N, 10,000......Nov.19,1895 os, J&J, 50.000, c. .Jan. 1,1901
5s, A&O, 75,000, c....O ct. 1,1897 58, J&J, 200.000, c..Jan. 1, 1905
P a r k L oan 4s, F&A,
13,400, r .Feb. 1, 1893
48, J&J, $30,000, e___July 1, 1919 4s, A&O,
10.000.
1 Apr. 1,1900
,..
4s, A&O, 6,000, r....O c t. 1, 1919 4s, M&S,
8.000, r..M ar. 1, 1903
4s, A&O, 20,000, r _ Apr. 1, K»20 4s, J&J, 150.000. .., Jan. 1,1905
_
4s, A&O, 5,000, r ---Oct. 1, 1920 4s, M&N,
20.000, r..N ov. 1,1918
P o l ic e St a t io n L o an 4s, M&S,
50.000, r..M ar. 1, 1914
48, J&J, $46,000, r . .. .July 1, 1899 4s, J&D,
20.000, r..Dec. 1,1914
4s, J&J,
8,000, r ___July 1, 1900 4s, M&S,
10.000, r..Sept. 1,1916
Sc hool H ouse L oan 4s, A&O,
9.000, r..Oct. 1,1916
48, J&D,$19,500, r .... June 1,1893 4s, J&J,
7.500, r. .July 1, 1917
($3,900 due y ’rly) to June 1,1897 4s, F&A,
5.000, r..A u g. 1,1917
4s, A&O, $18,000..... Oct. 1,1893 4s, A&O,
2.000, r..O ct. 1,1917
4s, M&N, 2,500, r . .. .N o v .l’91-’94 4s, M&N,
6.500, r. .Nov. 1,1917
4s, M&S, 5,000, r . . . .Sept. 1, 1898 4s, A&O,
15.000, r . . Apr. 1,1918
4s, A&O, 11,000, r ___Apr. 1, 1899 4s, J&D,
10.000, r.. Ju n el, 1918
4s, A&O, 4,000, r . .. .Apr. 1, 1900 4s, J&J, 85.000, c&r.Jnly 1,1918
4s, A&O, 55,000, r ___ Apr, 1, 1901 4s, A&O, 100,000, e&r.Apr. 1,1919
4S/A&0, 60,000,c ....A p r. 1,1909 4s, J&J, 75,000, r .July 1,1919
-.... Oct. 1,1910 4s, J&J, 35,000, r..Jan. 1,1920
4s,* A&O, 50,000,1
4s,*A&0,140,000____ Apr. 1, 1911 4s, A&O, 150,000, r..A p r. 1,1920
4 s ,------ , 20,000........ ................... 4s, A&O, 50,000, r..A p r. 1,1921
Se w e r L o an 4s, A&O,
25,000, r..Oet. 1, 1921
50,000.................. 1922
48, M&N, $21,000, r . . .Nov. 1,1897 4s,
46, J&J, 30,000,1
-...July 1,1904 3%s, F&A, 25,800, r..Feb. 1 ,189S
4s, M&S, 25,000, r...S ep t.l, 1905 3%s, M&N, 2,000, r. .May 1,1893
4s, J&J, 100,000, r.. .July 1, 1906 3%s, M&N, 10,000, r. .May 1, 1894
4s, M&N, 20,000, r . . -Nov. 1,1906 33 M&N, 7,300, r. .May 1, 1904
iS,
4s, ------ 10,000, r...Sept. 1,1907 Sits, M&N, 31,000, r..N ov. 1,1913
• M&S,
4s, F&A, 10.000, r...Au g. 1, 1908 3%s. J&D, 6,000, r. .Dec. 1, 1915
4s, M&S, 10.000, r...Sept. 1,1908 3Vs, M&N, 71,500, r ..M » y 1,1905
4s, M&N, 10.000, r...Nov. 1, 1908 3Vs, J&D, 5,000, r..Dec. 1,1905
4s, J&J, 10.000, r...Jan. 1, 1909 3Vs. A&O, 2,000, r. .Apr. 1,1916
4s,*A&0, 100,000, r... Apr. 1, 1909 3Vs, M&N, 24,500, r. .May 1,1918
4s, J&.T, 35,000, r... July 1,1910 3 Vs. J&D, 3.500. r .Jime 1, 1917
4s, A&O, 10.000, r... Oct. 1,1910 3Vs, F&A, 6,500, r..Feb. 1,1917
4s, J&J, 10.000, r... Jan. 1, 1911
M iscellaneous B onds—
4s, A&O, 50.000, r... Apr. 1, 1911 4s, A&O, $30,000, r.-.Oct. 1, 1900
4s, A&O, 20.000 ......Apr. 1,1912 4s, A&O, 30,000, r. ..Oct. 1. 1901
4s, J &J, 20.000 ......July 1, 1912
(W coupon, (r) registered.
* The loans marked thus (*) in the above table are authorize 1 by
special acts of Legislature in excess of the city's legal debt limit. The
total amount o f outstanding bonds thus authorized is $485,000.
P A R V A L U E OF BO ND S.—The bonds are in pieces of $ -00 to$2,500 each.
IN T E R E S T —W H E R E P A Y A B L E —Coupons are payable at hi
Bank o f the Republic, Boston, or at the City Treasurer’s o(Hc;l, Lynn
other interest is payable by City Treasurer only.
T O T A L D E B T, S IN K IN G FU N D S, E T C .- T lie subjoined state
merit shows Lynn’ s total municipal debt, the sinking fund held
the-
April, 1893.
MASSACHUSETTS— CITIES AH® TOWNS,
2r
-city against t ie same, the water debt, and the city's floating debt, on
the 20th o f December of each of the last three years.
1392.
1891.
1890.
Funded debt (exel. of w ateri... $ ...........
$1,661,400
$1,324,300
Sinking funds......... ...................................
295,614
224,641
M A R B L E H E A D ,- W il l ia m
P O P U L A T t O N .*-to 1890 JKipuJatlon w m 81>,727; in 1880 it w a i
38,274 ; In 1870 It w m 28,233.
M A Y N A R D . — W. H. Gottebid & , Treasurer.
e
G i l l e y , Treas.
This town is in Esses County. In addition to the loans mentioned
below water bonds to the amount, of $15,000 have been authorized b y
popular vote.
LO A N S —
WhenDue. 4s, H&S, $28,000.. . .Sept. 1 , 1893
$ .........
Net debt on Dec. 90th.............
$1,365,786
M u n ic ip a l B onds—
4s, A&O,
1,500....Oct. 7,1894
$1,099,659
W a t e k B onds —
Water debt (additional)..........
$ ..........
$1,584,500
$1,677,500 6s, A&O, $30,000----Oct. 1,1895
Floating debt (additional)----- $ .........
$83,500
T o w n N otes —
4 s, var., $195,500___1893 to 1920
$50,000
Total municipal debt............... $3,445,500
$3,329,400
$3,051,000 6s, M&N, $15,000-..,Nov. 7, 1893 4s, J&D, $10,000...Deo,’ 97 to ’06
The funded debt as given above for 1891 includes loans to the amount
IN T E R E S T is payable at the town treasury.
of $185,000 In excess*of debt lim it and issued under authority of
BONDED D E B T on Got. 1,1892, was $225,500; floating debt, $44,special acts o f -Legislature.
500; total debt, $270,000, The town has no sinking fund.
The sinking fund receives yearly an amount sufficient, with aceotnuT A X V A L U A T IO N in 1892 of real estate was $4,367,550; p e r
lationeof interest, to pay debt at maturity.
sonal property, $837,596; total, $5,205,146. Property is assessed at
its actual value. The total tax valuation in 1891 was $5,045,832; in
C IT Y P R O P E R T Y AN D W A T E R iW O R K S .- T h e eity property,
consisting o f real estate, school buildings and public parks, amounts 1890 it was $4,741,200. The total tax per $1,000 for 1892 is $15 -60; in
to $1,417,650. Tot. I rust of » liter works to Jan. 1,1892, was $2,010,- 1891 it was $21-40.
999. The earnings of the water works for 1891 were $150,081; ex
P O P U L A T IO N in 1890 was 8,202; in 1880 it was 7,467.
pense* of operation mxl maintenance, $32,024; interest on water
loan, $91,251; total, $113,275; leaving a balance of $36,806, which M A R L B O R O U G H . —¥si. O ’ C o n n e l l , Mayor.
Marlborough is in Middlesex County, and was incorporated as a city
was transferred to the water loan sinking fund.
general remarks and laws cited under on January 1,1891,
DEBT L IM IT A T IO N .LO A N S —
When Vue. 4s, M&S,$125,000....Sept. 1,1912
this head la connection with the detai Is o f the debt and finances of the
Old T own* N otes —
1, 1913
State o f Ma,4*aehUi>en* on page
It w ill be noted there that since 6s, A&O, $25,000...Apr, 20,1895 4s, M&S, 75,000... .Sept. 1,1921
4s, M&S, 30,000. ...Sept.
January 1 1889 the general debt limitation o f Lynn kaa been 2**2 per 6s, A&O, 25,000...Apr, 22,1895 City debt Jan. 1,1893,... $704,956
4s, M&N,
7,500...M ay 2,1893 Total debt Jan. 1, 1892.. 610,000
cent.
4s, A&O, 20.000...Apr. 1,1899 Sinking funds................
62,000
An exception to this limitation la found in the Supplement to the
Se w e r B onds 1891—
Net debt Jan. 1, 1892... 548,000
•hapter 229,
4W of
s*
C
Public Statutes, Laws o f 1888, Chapter 22 in an act entitled “ An act 4s, A&O, $125,000... .Apr. 1, 1911 T ax valuation real.........6,164,750
f o f Lynn for the purl* e o f providing a new High- is , J&J, 100,000....July 1,1911 T ax valuation personal- .1,030,922
“ to enable th
W a te r B onds —
’ The
**School building.'* The am.miit autboriz is $150,000 for the land 4s, J&J, $50,000....... July 1,1900 Total valuation 1891___ 7,195,672
ized
Assessment is 7-10 actual value.
!
indebted!
luess fixed by law.
and building bey* em the lim it o f 1
4 s ,...... 150,000_____
1922 Total tax per $1,000...........$18*00
Another except on L found in Chaptei 172, Laws o f 1887, which is, M&N, 20,000____ M ay 1,1904
iIN T E R E S T is payable at the Winthrop National Bank, Boston, Mass.
authorizes (In addition to amount a
ed by
) t 1887, Chapter
W A T E R W O R K S are nearly self-supporting with no charge for fire
84* not exceeding #100,000 for drai
Another exception is found in the
at 189
apter 258, which or street service. The value of the water works and other property
owned by Marlborough la about $600,000.
iuiditloaal 8100,01K) for Hljgh Schoo1 hull*Hmr
P O P U L A T IO N ,—In 1890 the population was 13,805; In 1880It was
Still another exception fa found In La« m o f 1890, Chskpfcer 203, which
10,127; In 1870 It was S?474.
mproven) eats.
msth&rlzm §450,000 for street fa
ASSESSED V A L U A T IO N ,- -The eity *» m sm tw*d va {nation and tax
>elug ta ken **at about thru#* M A R S H F I E L D , — L. P. H a t c h , Treasurer,
u t e have feeeia m follow:#, redI estate 1
This town is In Plymouth County. Bonds are tax exempt.
t&msihM eaudi r.altie."
Porto*Ulf
Rate o f Tax
LO AN SDue.|Tax valuation, real......$1,058,770
R a ilr o ad s , &c. —
Proper %•
Meal EstateTohid. per $1,000.
T ax valuation, personal- 166,555
T m rt—
4s, J&J. $55,000.......... Jan,, 1901 i Total valuation in 1892..1,225,325
47,05 2,911
1892....... .......
$1*00
. $32,393,172
812,371,,700
4.4*766,872
$14*00 Bonded debt Jan, 1,1893 $55,000 State tax (per $1,000)...
1891.... .......
5,784 County tax (per $1,000). ' $1-00
20,300,332
11,340 ,040
15*00 Sinking fund..................
1890..............
40,730,378
Net debt Jan, 1,1893....
49,216 Town tax (per $1,000)...
$17*50
27*57fiJKi0
12,448,,931
40*024.867
14*20
1889............. 18,625 |Population in 1890 was....... 1,713
6,881,,141
I8 6 0 Total value town prop’ty.
26,3-42,999
33,224,080
1 89 8 ..........
23,38 3,735
5,470,.192
1880..... . . ..... . 17,913,543
17*00
IN T E R E S T is payable by the New England Trust Co,, Boston, Mass.
0,049,,003
20,927,115
„ 14,277,212
.17*20
1870.,....
MALDEN.
; ffl&EffBI
E
HHlfB.1
T b k eity t# It* Mi*
:1882,
#2,000-.., .Nov, 1 , 1#94
When Dm .
L O A N S -,
Bmmh
|
MAS, 2,500,..,.... Sept,■1 * 1893
t.N (No
1.889-3 % A M >,#S,,750.. ... Gel, 20,1803 ] r#500 dti
*-,
to Sept. 1, 1807
$%if A M ), .i ,750: .. .Oct. 20,1894 | -ia, J AD, #7,500... ___Junesi* 1893
F tm DI f i b
(THENf™,
1 ($ l ,500 <
!in© yearly) to June\l, 1897
4% M&N, $0,000,No
m , AAO, #24,000.'. ---Apr. 1 * 1894
tlSXVEit Fnr 1:881
iiic yearly) to Apr. 1, 1809
MAM, # l *o00. Sept, 1* 1893
6
i s MAN, $$*,(J
00
Nov, 1 , *03A*04 1 0 | l 0«s, 1
j 3 0-10*. J
d&8, 81,500-Sept.■ , 1894
4*. MAN, f e lt 100.
»
.Nov. 1 1895
1
r e s tic M mjuutti 5
17,100-.-.
4*. J&D. ■
<
J .,.. ..June 20 1803 { SaWKR
0,
I f t,500d iimyemfiyi ik* J txne*2 0 , 1807 1 la* MAN,, $3 ,000 . .. . May
1804
8AVf> 1./0TS, 50,000.
4s, A&O. 81,,^00„ . May 1,1004 1 St u k k i r D » ax 8—
m m fM t, Uo<t?m b*UJHH
4a, A AO, 24,500.., ., .Apr. t* 1893
3h*, M A”& #1^
8,000 . .May 15,1893 s i m M o d,ue v early) to Apr. 1 , 1899
||0 yn'StAfif) to May 15,1896 |4„t MAN
^5 000 . .. , Nov. 1 . 1893
#1,5000.1
j -t'm m a n ! j 2,000 ..Nov. *| to ’01
*
4s, MAH, $10,,500..
0o 88YitU»JTiOK—
m ji.»sarlyi to Mor. 2, 1895 { W.VTKfi
4*. MAN.
150.
.Nov. 1 tl, 1803 f 0«, JAJ, #50,INK) ....July 1 ,,1896
15,000. ,.. .Jan, l, 1901
14850 dfl
atlyj ito Nov* 16,1895 i 4n JAJ,
10,000. ___July 1 , 1901
4a, MAN, § 1 2 80CL ,.....May 15,1893 | U , JAJ,
1907
80,000..... .July
($1 JUKI •) ue t *
ssirij) to May 15,1900
1908
4m A AO.
,
Oct. 1.5,1804 1 4#* J A j’, 100*000. ....J u ly
100.000. . . July l , 1910
4 MAN,
-*..
4 -400 .7.* Nor. 1**1893 | 4 m , J&J,
m ,80o dm fiearly) to Nov, l , 1900 j 3***, J&Jf# 25,000. .* .July ll 1905
oined statement
T O T A L D E B T , S IN K IN G FU ND S, E t
the city against
•hew# Malden*# tafeti debt and the sinking
Tutml debt........
Sinking fund....... .
Net d
e
b
$640,1m
4*1,017
t m 03,1
33
$716,100
83,654
$632,446
Water debt 0atdn*ive> $505*000
$485,000
Wafer sinking f u n d .........
$54,981
C IT Y P B O P E H T Y .- T h e ettjr o w m prop*
ant including the wader works. Earnings of tl
were $*i,l,S47; ex pen**.’*, $5,738; Int*.?rest on wt
to staking fund, $ 12,382; construction account
ASSESSED V A L U A T IO N . The city's mm
rate have been as follows, real estate being t
fourths o f ft* actual value.
Tears.
1892„ .
1891............
1890 ............
1889..............
$1
1
1
1
1 .8
88
!
1887.............. i
. toss...,.,.
The tax. rate to
school tax, $0*71
P O PU L A T iO
17.017; in 1870
$604,750
41,050
1890.
$800,650
188,931
$611,719
>23,700
*45,000
$580,000
$172,931
^17,450
valaed at $608,570,
ite r wor ks in 1889
bans* $27,375; paid
*955.
Lvahmtlim and tax
iboufc three
m l a% u
messed Rate o f Tax
ll inn.
per $1,000$15'50
*7,970
15*00
17,280
>7 475
15*10
537
15*50
14*60
J ’324
O
14*50
>3.880
>3'059
13*60
county tax, $0*33;
31; in 1880 it was
This town la in Middlesex County.
LO AN SWhen Due. N et debt Dec., 1892....
T ax valuation, real___
W a t e k B onds,
666,559
TAJ, $109,000....Jan. 1, 1919 T ax valuation, personal
Total valuation 1892... 2,074,416
t la payable in Boston.
Int------ ----------------- Bonded debt Dec., 1892..$109,00C Total valuation 1891... 2,001,098
! Floating d e b t . 30, 500 Tot.tax ’92(per $1,000)
15-00
; Total debt Dee., 1892..... 139,500 Population 1890 w as..
2,700
s Sinking fon d .. . . . . . . . . . . . .
2,291
3,000 Population 1880 was..
i
j
5 SAMUEL C. LAW RENCE, Mayor.
i n/r r-i n i r n D y-v
M J LU r U K L J .— | P A R K E R R. LIT C H FIE LD , Treasurer.
C
Medford Is in Middlesex County.
1
-Principal,j
LO ANS/ Interest.— ■
—
>
When Due.
OutstancVg.
NAME AND PURPOSE.
P. 01. Payable.
May 9, 1894
Notes, 1874
10,000
July 1, 1894
10,000
1874.................
7
i
Irredeemable.
26,392
Trust funds................ „ ___ _ 6
Oct. 10,1893
11,000
N o te s ............. .
6
July 1, 1896
13.000
!
. ....................
4
j do 1890. . . ..................
Dec. 1, 1897
5,000
4
Var., 1892 to 1895
62,350
I Due State of Massachusetts 3%
I Water w orks.. . . . . . . .1874.. 6
July 1, 1894
50.000
J& J
July 1, 1900
75.000
J & J
do
. . . . . . . . . 1890.c 4
July 1, 1910
125,000
i
do
.........1 8 9 0 .c 4
J& J
! P A R ,V A L U E OF BO NDS.—T h e 4 per cents are for $1,000 each.
i IN T E R E S T —W H E R E P A Y A B L E .—The bonds and interest on
same are payable at the Howard National Bank of Boston. AH notes
and interest an same are paid by City Treasury.
T O T A L D E B T, Et c .—The net eity debt on January 1,1893, was
$353,709. Total debt February 1, 1892, was $377,742, of which the
water debt was $250,000. The city owns property valued at $744,638,
including $300,000 for water works.
In year 1890-91 income from water works was $32,134; expenses
for maintenance, $7,806; interest, $11,000; sinking fund, $13,328.
ASSESSED V A L U A T IO N , E TC .-T otal valuation in 1892 was
$11,241,080; tax r ate (per $1,000), $1*80*. In 1891 assessed valuation
of real estate (same as market value) was $8,525,100; personal property,
$>.,094,165: total, $10,509,265; tax rate (per $1,000), $14*60- Total
assessed valuation in 1890, $9,932,225.
P O P U L A T IO N .—In 1890 population was 11,079; in 1880 it was
7,573; in 1870 it was 5,717.
M E L R O S E . —J o h n
L a r r a b e e , Town Clerk.
This town Is In Middlesex County.
LO A N S —
When Due. Total debt 1893.............. $388,000
Total assets...................
69,710
T ow n H a l l (renewal)—
4s, M&S, $45,000.......................... Net debt Jan. 1,1893---- 318,290
Water debt, included___ 188,000
W atek W orks —
4s, M&N,
37,000....Nov. 1,1905 Total value town prop’ty. 564,939
4s, M&N,
50,000....M ay 1,1907 Tax valuation, real------8,165,850
4s, J&J,
50,000....1896 to 1900 Tax valuation, personal. 430,715
Total valuation 1892---- 8,596,565
($10,000 due yearly.)
4s, M&N, $14,000____
1912 Assessment same as actual value.
4s, M&8,
37,000...
1912 Total tax (per $1,000)......... $15*80
8,519
Bonded debt Jan.1,1893. $233,000 Population in 1890 was.
4,560
School notes...................
90,000 Population in 1880 was.
Floating debt.................
65,000
I N T E R E S T is payable inJEverett-, Melrose and Boston, Mass.
STATE
28
VoL LVI|
CITY S U m E M i^ T ,
Rate o f Tar
Personal
Total,
Property,
per 81.000.
$40.2/4,113
8 18,179.813
817-30
1S92______
c h e s , Town Clerk.
38,518,943
17,559.643
16-30
1891......... . .. . 20.959,300
36,369.754
16-30
16,828.254
TSiis town is la Plymouth County. The tewn o f Mlddleborough and 189 0....... .... 20.041,500
34,647,666
15,718.366
17-10
1880........ . .. . 18,928.800
the Fire District o f MidcUeboro axe distinct organizations.
33,454,347
1/00
15.430.647
1888......... .... 19.023.700
Se w e r Do ax
26/2 75,919
1570
LOANS—
Tr<'='« Due,
13.137,519
ISSO......... . .. . 13.138,400
IMPROVEMENT BONUS—
i i s . M a x . $5.000____ X ov. 1.1901
The total amount o f ta x raised in 1892 was $720,464. T ax rate in
Alas. J&D. $5,000...June 1 ,1 5 0 6 -is. MAX. $25.000......Xov. 1. 1907 I
i l l s , J&D, 5,200. ..June 1 6 .ISOS e$5,000 due yearly ' to N o t . 1,1911 1891 was made up as follows: State tax*. $0'41; county tax, $0'99; city
K a il r o . u L oan —
a
i ta x proper. $14-90; total, $16'30 per $1,000. P oll ta x o ver $10,000
----41iS. 3&J. 5.200. ..July _'5. 1399
5.055.. .Dec. 15,1900 4 s. M AN. $20.00*1...... Nov. 1, 1913 goes to make the balance repaired fo r State and county taxes.
4 : .1A 15
AS, MAX. 5.000. .. Xov. 1, 1S97| ($5,000 due yearly) to Xov. 1 .1921 !
W
. .Oct. 16.1593: ate r B onds (F ir e D is t r ic t )— j P O P U L A T IO N .—In 1390 population was 40,733; in 1830 it was
3As, AAO, 5.000.
3*ss, J&D, 5 .00i. .Ts.es 1.1594 is . M&S. $72.000......1393 TO 191$ i 26,845; in 1870 it w as 21,320. The population for 1892 is estimated
5 000 .Jnlv 2,1895 1 Bit. paid by Middleboro s a r. Bank •
3%s, J&J,
at 48.000.
. l.MjuiliiiH.n
j Population in 1390 was........6.066
M ID D L E B O R O U G H .-Ch a r l e s
T.
T O T A L D E B T , E re,—Total debt o f the town February 1, 1893, was
$90,455.
The Fire District on Feb. 1,1893, owed $72,000 on account o f water
works: sinking fund, $1,903.
ASSESSED V A L U A T IO N , ETC.—In 1892 the town's real estate
valuation was $3,133,603 : personal estate, $630,653; total, $3,764,261:
•as rate (per $1,000). $15-50. In 1890 the town's real estate valuation
was $2,801,590; personal estate, $564,126; totaL $3,365,716; t a t r a ft
(per $1,000), $13*75.
Valuation o f B U eD istrict in 1892; B eal estate. $2,123,800; persona,
property, $421,635: total. $2,545,483; ta x rate, $1'S0 p er $1,000.
M I D D L E S E X C O .—J. 0.
H ayd en,
Treasurer.
Conntv scats are Dowell and Cambridge.
L O i N c__
TTTten Due. 1Total debt Jan. 1 , 1S93- $105,000
B l il d in g i t o . iXOTES—
! Appraised value Cn.prop.1,342,232
■ 5 s j &j 875.505 ..... yn demand Tav valuation 1891 . . . 3 o 9 . l 09 . o l 2
5
3 Us’ JAJ, 30,000......Jan. 1. 1894 • County tax (per $1,000)-------$0-81
Total receipts' 1892_____ $719,1851Population in 1$90 was. _.431,167
INTE R E S T is payable at tlxeofficeof the County Treasurer.
M IL F O R D .—
Rml
Em u,
T h at
C l i f p o s d A . C o o k , Treasurer.
NEW BURYPORT-
s o J. CHIRK BY, Mayor.
- M . " F E LK E K , Treasurer.
Y
This c ity is in Essex County.
The city owns $74,000 stock in the city railroad, ana has the option
of purchasing the water works, now in the hands of a private corporation.
------------ -Principal.----•
—
LO AN S—
*— Interest.— . <
NAME AND PURPOSE.
P . Ct. Payable.
Bridge loan..........................
When Due.
3% A A-0 > ^ ' | bf ^ t o T>6 )
D irsfnn d ’y.
m oo<>
City bonds re n ew a l.....___ 4
do" do
do ....1887 4
do
do
do
.--.1838 4
do do
do
....1891 4
Citr railroad...................... 4
Xotes pavable.......... ........ 4
Sewerage............ ....... ................
Trust bonds...................... 4-4>s
A A- O Apr, 1, 1893
40.000
F A A
Ailg. 1, 1397
38,000
J A J
July 1, 1908
65,000
J A J
July 1. 1911
90,000
F A A
Feb. 1, 1S93
74,000
M A 8 Mar, 1. 1899
la.uOi
31 & S
S ep t 1, 1919
65,000
........
Demand.
59,750
, j n ^ Oct. 5.1893 to 9G)
^ nod
Water loan....... . ................ 3-s A & O j § 2.060 yearly. I
5'0C >
K
P A R V A L U E O F B O N D S —Bonds are fo r $1,000 each.
IN T E R E S T on the city renewal and sew er bonds is payable at the
City Treasury or at the First National Bank o f Boston; on an oth er :
loans interest is payable at the City Treasury only.
T O T A L D E B T, S IN K IN G FU N D S . Et c —The subjoined statement
,hows Xewburyporl's total debt and the sinking rand held by the city
against thesaineon the first day o f Jannaryof each o f the last three years.
1,891.
1892.
_ 1S93.
$479,965
$470,750
Total debt (includingw ater d e b t)... $495,885
65,902
100,570
Sinkingftimla. etc. (seebelow i------ 1 1 ,,111
This city Is in Worcester County, P roperty in M ilford is assessed at
about actual value.
LO ANS—
W7icn Due. j T otal debt M ay 1,1892,
$93,o00
T o 8 ’ b o nd s 1T ax valuation, re a l----- 3.916,83”
$414,063
5s, M AX, ____________Xov. 1.1893 T ax valuation.personal 1,008,276
$40,000— ___
$370,180
N et debt on Jan. 1 .....................$378,754
BUISOAD BONDS—
.T o ta l valuation 1892— 4,9oa,108 ,
, ,.
a , non
$12,000
$ 10,000
6s. F A A, $25.000_ A u g .1 0 .lS 9 , City tax (per $1.000)-------- $16-00 Wau;r deo.
_
...............
21,132
3 ■
i y
— f . M5 _ ; 7 5 ilari u lr p o w a - ............. bw&O Hoaxing debt (addn.nii.ii)..............
...........
Floating debt..’. . . ........
28,500 Population 1680 w a s ...........9,310 j Tn„ sinking funds amount to $32,310; other assets to $r4.s-00. In
- .
’
IN T E R E S T Is payable at the National H ide A Leather Bank, Bos oasr years the sinking fund has received $5,000 per annum; commen
cing w ith 1890 it receives $ 1 1 ,000, a sum sufficient to retire entire city
ton, Mass.
debt at maturity.
ASSESSED V A L U A T IO N —The city's assess* valuation and tax
M O N T A G U E . — X . B . C o l l ik s . T rea su rer.
rate have been as follows, real estate being assessed at *‘ about three-,
This town is in Franklin County. The Turners Falls Fire D istrict is
(mjrtbs its actual value."
a part o f this town, but has a sepa ate debt oi $90,000 for w ater pur
Rate o f Tax
Personal
Meal
poses. See Turners Fails. The tO v n debt is as fo llo w ;
Total.
per Si.dOO.
Property.
Tears.
Estate.
80.597.100" 816-70
$2,723,805
LO AN S—
TT/..,i Due. j,Sinking fu n d s................ 816,000 . 1892........ ..............$6,873,300
___ M H . . .______
9,762.658
15-80
1.888.458
j Set-debt Jan.. 1393........^ ^49.000 j
....... ................ 6,874,200
Se m e s B onds—
9,736,770
14-80
1,931,573
4s, JAD, $50.000...... June 1 ,190o T a x valuation, r e a l------ 2,65. ,oS3 1890...................... 6.805.19.
-.587,338
17-80
-.319,988
T a x valuation, per.on aL , 54,821 1886.................---■ 5.287.350
T o w n X o te s —
7 417.69S
15-60
2,415,14-8
5s, JAJ, $5.000------- Jan. 1, 1894 Total valuation, 1892,. 3.412.404 1882...... ............... 5,002,550
05, JAJ. 5,000 ......... Jan. 1. 1505 T a x rate (per 81,000) 1392 SIS'oO
T a x rate in 1892 included State tax, $0-85 (per $1,000); county ta x*
3 oi:dm toAt Cto -. IS O ?.. .S oO.oO Assessment about 4; actual value.
O
Floatin g debt---------------- 15,000 Population in 1390 w as........6,296 $1-00; city tax, $14-85; total, $16-70.
P O P U L A T IO N In 1890 population was 13,94” ; in 1330 it was
Total debt Jan., 1893........ 65,000 Population in I S 80 w as........I nto
IN T E R E S T on rhe sewer bonds Ls payable at the National Bank o f j 1 3 ,5 3 s ; in 1870 it was 12,595.
the Commonwealth, Boston, Mass. A ll the loans o f this town are
exempt from taxation.
„ , ,
; JOHX A. m m
Mayor.
N E W
1 (_>JN ,— : JO H X A. K EVR1CK. Treasurer.
The city is situated in Middlesex County. New Ion is one o f the xew
N A T I C K . — J a s . X c M a s k s , T o w n C le r k .
X orth em cities having tax-receivable coupons attached to any or itsThis tow n is in M iddlesex County.
bonds. See below.
PURPOSE Or LOAN—
4 mount. T ax valuation ^189-2, — $5,5i3,$50
S c hool N otes —
LOANS—
When Due.
i
................ .1 v
:
" '• I v
■ 1 - .........8 : 6-40
4s. Jan., $10,300....Jan. 25.1392
, B o x e d of H e a l t h —
Total debt 1893............... 101,500 Population in 1S90 was..... 9,118
4s. A A O . $17,000----Oet. 1,1897 ($0,150 due vearlv; to Jan. To, 1894
is . O et, 15,000____Oet. 1,1398
; T u r n s an d C u lve r ts —
25
i JE TH BO C. BBOC a . Mayor.
i 4s. AA O . 825,000....Oet. 1,1897 31- - . Sept., 13,000...Sept. 1.1893
N E W B E D F O R D . - -VJAS. H. H A T H A W A I, Treas'r. I 4s, A&O, 20,000----Oct. 1, 1898 (84,500 due y ’rly) to Sept. 27,1896
S ewtee B o n d s —
‘ E n g in e H ouse L oan —
Thls city is in B ristol County.
I 43. AA O ,
$5.000....Oct- 1,1895 4s, A&O, $250,000... .Apr. 1,1911
S e w e r B onds (Qoniim tetl) —
LOANS—
When Due.
is. A&O.
5.000. ...O ct. 1.1896 4s. A&O, 200,000... -Apr. 1,1912
4s. AAO . -843.000... .Aur. 1 ,1909 I is. AAO ,
C m I m pr o v e m e n t ._
T o w n A o ie s —
6,500----Oct. 1,1897
48,0 0 0 ....Anr. 1 .1910
Ss, AAO, $5.000........O c t 1 , 1893 4s. AAO .
6s. A&O. $30,000. ..Apr. 22.1892
H o s p it a l an d A lois H ouse —
57,0 0 0 ....Apr. 1, 1911 4 . AAO .
6s, AAO , 150.000....... Oet. 1 ,1894 4s. A&O.
-5
$7.600....Oet. 1.1895 6s. MAS, 47,000. ..Mar. 10,1894
($10,000dueyearlv; to O e t 1 , 1908 4s. A&O, 100,000----Apr. 1,1912 : 4s, AA O .
W ax e s L oans —
10,000----Oct. 1,1896
AA>>. 30,000....Apr. 1,1906
6s. ‘AAO, i2,000- — Oc-t 1 , 1909 ,
6s. JAJ. $600,000....J u ly 1,1905
MCNTCIPAL BONDS—
6s, AAO, 28,000....Oet. 1,1910 : 35s, AAO , 30,000---- Apr. 1. 1906 5s. JAJ, $34.000----July 1,1895 5s. JAJ, 250,000....J u ly 1,1906
4s, AAO. 100,000 . . . Oct. 1, 1910
45, AAO, 15.000 ...A p r. 1.1898 ! S C , AAO. 15.000....Apr. 1,1907 - P51K B onds —
V. a x e e L oan —
4s, AAO . 62.000 ...A u r. 1,1899
I 4s, A&O, $25,000....Apr. 1,1908 4s, A&O, 100,000....A p r. 1,1914
4s, A&O. 100.000. ...Oct. 1,1917
As, AAO. 253100 .. .Apr. 1.1900 : 7s, A&O. 8100,000 ....O ct. 1, 1900 I Sc h o o l B onds —
4s, AAO, TSlOOO .. .Aur. 1,1901 > 810,000 due yearly) to O et.l. 1909 ; 4s. A&O. $44,000----Apr. 1,1895 4s. AAO, 100,000....O et. 1,1913
4s, A&O, 250.000....Oct. 1,1 92 0
4s, A&O, 50.000 ...A p r. 1.1902 6s, AAO. $140,000 . .. .O c t 1,1393
Sc h o o l L o a n (new Claffin.—
3 % , AAO, 80.000 ... Apr. 1,1895 i ($20,000 due yearly) to Oct. 1,1899 1 4s. AAO.
18,000___ Oet. 1,1893 4s. A A O , 100,000 . Apr. 1, 1921
x . '.t
t
(,
, yearly) to Oct, 1,1895 4s, A&O, 100,000.. ..Apr. 1,1922:
39gs, AAO, *25,000 ... Apr. 1, 1896 j 6s. AAO , $100,000 .,. .Oet. 1,1005 , ($6,000 due,-earlv) to O ct 1 1390
ST
7
*
-
M 1 1' r
P;
P * " VA ‘ " c
BO ND S.—AD
4s. A&O, $100.000.... Apr. 1.1942 j ,$20,000 due yearly) to Oet. 1,1904 j ' *A R t ,A L U E O F Br>Mn* ~ A1' the bonds are for $1 ,000.
IN T E R E S T —W H E R E P A Y A B L E .—Interest on bonds is payable,
Se w e r B onus —
j 4s, A&O. SIOO.OOO-.—O e t 1 ,1 89 4 ;
4s, A&O, 835,000____Apr. 1,1908 ! 4s, AA O ,
20,000---- Apr. 1 , 191s ; at- National Revere Bank, Boston.
IN T E R E S T —W H E R E P A Y A B L E .— interest on all the bonds is j T O T A L D E B T, S IN K IN G F U N D S , Et c —The subjoined statemen
payable a t the office o f the City Treasurer.
shows X ew ton’ s total municipal debt, the w ater debt, the sinking funds
T O T A L D E B T. S IN K IN G FU N D S , E TC.-The subjoined state- ;
]nfit debt, on th e first o f January fox eaeffi o f tiie last three y e a r*
1891.
ment shows X e w Bedford’s total munleipal debt, the sinking fund held j
1893.
1892,
$441,474
$543,979
b y the eitv against the same, the w ater debt, and the city’s floating ; Municipal debt and int, aecr’d. $886,900
1.436.620
1,581,250
debt, on m e 1st o f January, 1893 and 1891, and on A p ril 1,1892.
I Water debt
do
ao
1,700,000
$1,878,094
Jan. 1,1393. A pr. 1.1892. Jan. 1.1591.
$2,125,229
Total d e b t......................... $2,586,900
_ ----------§1,526,000 ---------------'• Sinking fund________________
$1,527,706
527,498
Total debt including waxer ......... $ 1 ,823,000
432,623
480,134
113,362
199.506
Sinking funds_________ ____ ___ ...
208,325
X et debt January 1___ . $2 ,! 00., 66
$1,692,606
$1,350,595
V
^
fon d'‘receives yearly about $59,000, and in addition
The sinking fund receives yearly about $44,520.
j $9,650 is raised annually b y taxation to pay maturing notes.
C IT Y P R O P E R T Y .—City’ s w aterw orks are valued at $1,300,000.
! ASSESSED V A L U A T IO N .-T h e city’s assessed v a ln a b o n jin d ^ x
ASSESSED V A L U A T IO N .— T k e city's assessed, valiiatioa and ta x j rate have been as ioliovrs. real estate heihg taken at a ui in~
rate in 1880 and. for the last five years h ave been as follow s;
value;
April, 1893.
M ^ssA C tfusrrrs-oiTiE s
mts t o w n s ,
s »
2
Rea?
Personal
Total Assessed Hate, o f Tax
JiiyirfK ,i'tfe
Property.
Valuation, per $1,000. N O R T H B O R O U G H . —¥ s . J. P o t t e b , Treas.
189*2................$29,841,625 $10,o39.&44
$10,381,369 ‘ 315-SO
T U s town is in Worcester County.
9,523.585
1091 . . . . ......... 2»,004,27S
37,527,860
15-00
LO A N S —
When Due. Sinking fu n d ................. $24,659
9.518,525
i w » ......
26.640.500
86,159,025
14-60
W a t e r bo an
S e t debt Feb, 1,1 89 3 ....
43,871
9,204,372
•■
........
34,654,672
14-80
as , F A A , $3,530.... Aug. 20,1897 T ax valuation, real.......
961,500
0.146.012
33,273,643
15-20
188$.............. - 3-M32.85W
4s, MAS, 10,000....Sept. 1, 1903 T ax valuation, personal. 234,195
7,491.830
1880 ................ 17.71 -*.270
25,200,100
14-00
Subject to call after Sept. 1, 1893 Total valuation 1891___ 1,195,695
T ax rate in 1990 inriuded tv tax proper, 813-48; State tax, §0-53, 4s. M iX , $1.500___M ar 1, 1894 Total tax (per $1,000)...
$14*00
.
. 50,000____ .Aug. 8, 1902 Population in 1890 was....... 1,953
4s. FA A, .........
county tax* 60-53; total, S'4'OO per 81,000.
Total debt Feb. 1 ,1893
868,530 Population in 1880 was....... 1,676
T A X -R E C E IV A B L E C O U P O N S .-W a te r Ixm-l* for $1,700,000, and
IN T E R E S T is payable in Worcester, Chelsea & Westborough.
uv,.*-:; .
• -5 -.ad park; totals for $553,000, carry taxre..-sv aj.-te e.'tijwtt: -.
P O P U L A T IO N .—In 1- "> i*>pu3:nion w * 24,379; in 1830 it was N O R T H B R I D G E . — H . A . G o o h ell , Treas.
16.995; ia 1870 i t » » 12,8-25.
Thin town is in Worcester County.
LO A N S —
$18,000
___ ____
When Due. Total debt Feb. 3,1893.
Sch o o l L oans :
T ax valuation 1891. ..$2,314,327
'
'
N O R T H A D A M S . — .Jo s e p h I I . A d a m s , Chair 4s, M & X. $18.000.. 1893 to 1894 T ax per$l,000.........
$12-30
($9,000 due yearly)
Population in 1890 4,603
man of Board of Selectmen.
•nm town is In Rerxshlr# county.
LOANS—
— m erest.— . ---------- P rin cip al.— -----n a v a a n a PURPO$£.
P, (Jt. Payable.
When Due. Outstand’g.
Water bond*........... ............. 3'*a J it I> j
t ••122.000
Water 0M16..........................
School bouM loan. . . . . . . . . . . . ^4
J A
J>
War D ebt......................part tab.h
M J ® ^ 1 9 J 238,500
. oon * ifM|i (
35,000
)
o.j.OOu
IN T E R E S T —W H E R E P A Y A B L E .- la t- T - st la payable in Boston
■
aysui Jf«rf& A&jmm,
T O T A L D E B T .—Tli*- lows*#total debt on May 1. 1892. w m $784,829;
oa October 1 ,1890. It wa* i-t832MiO. The town ha* no linking fund.
The water note* a* given in the above table are all held by the State.
W A T E R W O R K S ,—The faeome from the town water works is about
f 3 » ,000 pest jrwttr*
ASSESSED V A L U A T IO N . -T h e total
valuation in 1892
w&$
40 The
valuation for 1800 o f real estate wbm
o f iw rm tm l property, f t ,249,606; total, fT*.800,071. The
tax rate (per 01.0001 wan $20.
P O P U L A T IO N , —la 1990 the papotaittii waa 16,074; in 1880 it
w * i $10491n%
N O R T H A M P T O N . — * { i m . w f ! ::LAIUC. Ttm.
Th i* city U in Uwmp**u?iT €Ym m j.
t
im
tyh f *b*- f
SfarfhampfoB
Imen & %
M h»
000 » f m:-wm hmnS,w
LO AN S»7>r,.
i m w m iM i
A t M*.Mtti' #Z S O »'*-™
TE
| U , M A S, AV.
M avi
I
Mar,
May
i s m J4-. M a s . r„f *,|M Ynv 1% 1
’
Bmtmm Nfyfi*-—
}*, >U S, T-%itt itt SfiV 15.1
■tu*. May
May 2*».
t 4*
i «7ft ,t**t. .. July
4*Ai&Jh
. . lb*e. 1*1.
% L*er, is ,
n
i f i t t t fty
C rrr N&fww—
! ia. M A S . r S Ktm-i y u r
3%**k A A o ,
.Apr. 1, I-0 T
: t* A A**
u * » ‘ 51a v
i>i
ajmxt-mm. \t&$w
iw MAN, f 7 4 j m *.. .Mmy 1, *'MU ! ,a 4
I, 1000
iN T E R E S T - W H E R E PA Y A B L E .—Ini'-rest tm th»s brklAn** frwtn 1
to 1006$ on tb*) «?ttf m Am » aw l
tB93> rn 1800, In © fcys^*l$ in Bw.toQ | on ail <
-p
o flw .
T O T A L D E B T , S IN K IN G F U N D S , Et c . - T »
MJmw* Sorth^mptau,Mtotal tm
Jcbt. aa«l the at:akfa f fttmt lifeM h r the
fftty mm4mt ttm %»m >m tint <‘ te*
<>
J
A
m e - l , 92.. Jian. J, *02. Se
T o m fon4ml (%*ht ituzitfyiBMM i
‘flnlrlRjf fuiwlf*
. . . . . . . . ___ 7,. **««* l.
i& m
Met (tot*.... . . . . . . ... ............ftiiy i iMit
# tA
Th* n«fi»Aiii^r
rtheriye# y*•Jiffy
C IT Y P R O P E R T Y . D
m*mi la year 1899-90
« m ( M A 1 (: • *(»»»• ■ ., S-2.lt
ASSE SSE O V A L U A T IO N .—fin- • It y * sw--* m*l ralaati©!!
rate at dlflSerr&t perbwSa Umr* hmm m tmOnw$9 pr^i-p**rty being
At- A fair
h ra|«<«;
Mi
TiexwW-*
Me&i M i*m ,
m
Mmmwriw
n m i. pt s 1,000.
§&
S
I
$1 '.-60
ittn .
.
r r . u o . o .57
W*
« ATA flTS
f# 4#0,4lt^
17*00
...
.........
< *>71
?
I
fM o t.o y i
15*50
.................
15-00
1m t .
S.5S0.1T2
14-00
Tax rate is %Mt$ lw
nty tax, $1 1956;
efty tax pto%mt» $ 1W
%
liS B Q i ta tSSO I I v m
P O P U L A T IO N . 1
Z % lT 2 ‘. itt 1070 It Wn
i
N O R T H A T T L E B O R O U G H .—C . T . G c j l d ,
Town C'iprk.
IFfeln 6N f* I# te
LOANS—
JkTT&w
ttof*s y t A
4m, wwriom, $37jr?0.
ClMtBty.
'Whm m »f. r
WftimtMrm, e£A
Intf-n *l |»s»vabb' n
, i
v ; : T**utl
.inn. 1. 1S91..
h*
m
^ _
S*7,203
.. - -
§
'
N O R T H B O R O U G H .—G.BpHowe, Citj Clerk.
% In W m m M W
m
LO AN S
t > »'
wwtrwt wwwrtw—
4«. varimm« #17$B: *S...... FwtjwfMml i
6
T at
W atrh W fiXItV•u :
|Vom
fnh# 4mM&.
lit in 1890* la*
- m nrt fu nds. . . .
$00,093
kind -.•-**....
15.848
ation In 185'tO . 1,251.00*2
.
an it< 1*00 was . ...1.97,2
n«l t » i — i» w « . ____ 1,676
N O R W O O D . — Ghahles E. P oke , Treasurer.
The town is in Norfolk County.
LOANS —
When Due.
Total debt.. ................ $101,500
W a t k e Bosd s—
Sinking funds............
9.833
4*, FA-A, $05,000......Aug. 1,1895 S et debt Feb. 1,1893...
91,667
1810,000each fifth vr. until paid.) Tax valuation 1892...... 2.710.178
4s, .1AD. $-20,000....... Dec. 1,1896 Tax valuation 1890...... 2,564:558
($5,000each fifth year until paid.) Assessment about 85 p.q.actual v a L
Int. paid hr N. r2 Tr. Co., Boston. Total tax per 81,000 in ’92.$17-30
Bonded debt Pel -.1 .1 $93. $85,000
.1-011 in 1890 w as...... 3,733
Floating debt....... ............ 10,500 Population in 1880 was...... 2,345
Tl»- floating debt of this town consists o l notes at 3% and 4 per cent
issued lo r the purpose of building schools.
P E A B O D Y . —N. H. P o o r , Treasurer.
This town is in Essex County and owns high service water works
worth $300,000.
LO ANSWhen Due. j Total debt Jan. 15,1892. $303,000
-J—
feta l assets............... .
332,418
................. 11*2 .
3 - t o ........ ....... 2 .1 i l l
TutiA II*ir sK B onos .—
j Tax valuation, real....... 4,906,250
MAM, $75,000......X**v. *,,
iv u ; e 1 n s i-s—
i Total valuation 1891
7,441,*200
is. M.\v, . .3.
3 5,000_ V.)V 1 , 1 9 1 1 * Assesineut. same as actual value.
_
*;,'*r Xov. 1, 1396 1 Population 1 *1890 t o ......10.158
10 1
.1 1880 was...... 9.028
Interest paid at City Treasury. 1
III S“F ' P C2 TV ! ET T FA
*
L. BECK. Mayor.
1 1 1 1 27c l it. 1 _ D . — ) £. II. KENNEDY, Treasurer.
I'dtsfitot is in Berkshire Comity and it became a city in 1890.
C IT Y L O A N S when Due. I Set city debt 1893.......
$42,536
nal>.
213,000
to.-. .....
13.000. .On demand, j T ax valuation,real____ 3,768,570
1 1 1 ;.!" * "
j Tax valuation, personal 2,364,244
6s,
.
-......... -*... . . . . ! « M Total valuation 1892...11,132,814
MAN. i 0,000. 5nv. 1. 1903 • Total valuation 1890... 10,292.696
M N
■
2 *v.
LUO * *
1.1-1
....... $16-60
6 -. _____
.On demand. j Population in 1 8 »0 w a *......17,281
■
. *' . . k«> | P
tlatfonin 1380 was..... 16.364
jlaiion in 1670 w m ...11,112
P L Y M O U T H . —C cbtis Da t ie , Treasurer.
Tin - tow u I, in Plymouth County. The water department pays from
r.-es ijit.s mo r> * t on water loans and about $1,000 annually on deb t
LOANS
Whm Due. Total debt Jan. 1, 1892. $235,900
E stu to 11 ■s t o c k :
iTbtala.se s*m entl892. 5,958.600
■s. A>v 1
4
■ . ..A p ril 1,1894 i Keal estate, 1891______ 3.729.600
■
u crs 11 L . ,
Personal property....... 2,025,800
1 \ *_•< 1.000 ., Ang. 1.1994 I
-------------J
1 6 t.100 .. June 1.1992 1 Total valuation 1891.$5,755,400
*
$2,800 4u,- v’rlvi toJunc 1. 1924 ; Tax rate per $1,000---$13-20
7,314,
Iwas,
i.-. F A. A $ 3 \-H* . ...Aug. 1 ,1924 |Population in 1890 w
3 ,..
7,093
do
in 1880 was.
1* 1 ,300d oeyrily) to Au g.l, 1917
i H. O. F A IB B A N K 8 , Mayor,
I B. N. ADAMS, Treasurer.
Thi* city is in Sorfollt County.
Interest— y
Prin cipal---LO ANSV hen Due, OxUstand’g.
S
AND PURPOSE,
Payable,
$14,000
’93 to 1899
Bridges,......................... , ...... 4
J < J
fe
27,000
’ 93 to 1900
PilbliG bal l di u^s—
..
115,560
’93 to 1900
^'Iiocl
....... ......... . . . . — . ‘i
M & S
114,232
'93 to 1900
S iw t .* , .. .......... ....... .
-1
J & J
11,150
’93 to 1900
MUceHaoeouft.- ------------ ---- 4
IN T E R E S T is payable in Boston.
T O T A L D E B T, E t c . — Total debt Feb. 1, 1S93, was §31.6,942, inrinding a water debt o f $35,000. On Jan. 1,1892, the total debt was
?*2B"2 380*
ASSESSED V A L U A T IO N , E TC .-The assessed valuation o f real
in 1602 was $12,262,375; personal property, $3,304,545; to ta l,
$15,506.1,20; tax rate 'per $1,000,. $16*00. Assessed vsdnation in
was: real csftitc. $11,153,125; personal property, $3,286,905;
total, $14 127.030; in 1890 total valuation w a s$13,677,440; in 1882
was 37.499.-143; tax rate, $16 00.
P O P U L A T IO N —Population in 1890 was 16,723; in 1880,10,570
in 1870 was 7,442.
Q UIN CY
: R A N D O L P H . - I I . 0. A lde. , Treasnrer,
v
This town is in S orfolk County.
LOANS—
When Due.
W atijs W orks —
AA-O. 310.000........ Apr. 1,1897
Is, A AO. 10,000....... Apr. 1, 3902
■ Is, A SO , 20.000....... Anr. 1.1907
'
‘
is, A&O. 20.000.........Apr. 1 , 1912
4s, A A I,. 40.000..... Apr. 1,1917
is, MAN. 19.000..... May 1,1918
I.s, JA-J, 20.000......July 1,1992
IT is payable to Boston,
tided debt Fernl, 1893.$139,000
Floating debt................. S o l,325
Total d e b t .- .................. 190,325
Finking funds................
23,000
X; - to ,r i • !,. i . 1 8 9 3 .-. 167,525
Tax valuation, real....... 1,550,075
Tax valuation, personal. 467.135
Total valuation 1892--2.017.210
Assessment is % actual value.
Total tar (per ($1.000)........$18'6(>
Population in 1890 was........ 3,946
Population in 18S0 was........ 4,027
30
STATE
CITY S U f f i l W N T .
Vol. LYI.
When Due.
W a t e r B o n d s — (Conto
LO ANSR E A D I N G . — R. D exter T emple , Chairman of
Water B onds
is, J& J, $10,000... Ju ly 1, 1907
5l2S,J&J, $10,000.. ..Ju ly 1, 1906 4s, A&O. 28,000 . . . Oct. 1,1893
the Board of Selectmen.
5s, A&O, 11,000.. ..Oct. 1, 1893 ($2,000 due y ’rly) to Oot. 1, 1920
This town is in Middlesex County.
5s, A&O, 12,000.. ..Oct. 1, 1894 4s, A&O, $18,000...Oct. 1,1893
LO AN S—
When Due. 4s, J& D , $70,000................... ......... 5s, J& J, 13,000. .- ..Ju ly 1, 1895 ($3,000 due y’rlv) to Oct. 1, 1898
5s, J& J, 12,500.. ..Ju ly 1, 1896 4s, A&O, $100,000...Oct. 1,1893
Interest payable in Boston.
T own N otes—
5s, J& J, 14,000.. ..Ju ly 1, 1897 ($5,000 due y'rly) to Oct. 1,1912
Valuation, etc.—
4 s ,........, $20,500.................... 1893
Ta x valuation, real.......$2,658,204 5s, J& J, 15,000.. ..Ju ly 1, 1898 4s, J& J, $9,000........ Ju ly 1, 1893
W ater Bonds5s, J& J, 15,500.. ..Ju ly 1, 1899 ($1,000 due y’rly) to Ju ly 1, 1901
49, J& D , .$50,000 . ..1905 to 1914 Tax valuation, personal 326,245
Total valuation 1891... 2,984,449 5s, J& J, 12,500.. ..J u ly 1, 1900 4s, A&O, $8,000........ Oct. 1, 1900
($5,000 due yearly)
$16-00 4s, A&O, 13,000.. ..Oct. 1, 1899 ($2,000 due y’rly) to Oct. 1, 1904
4s, J& D , $30,000.-.1915 to 1917 Total tax (per $1,000).,
Population in 1890 was.........4,088 4s, A&O, 13,000.. ..Oct.) 1, 1900 4s, A&O, $30,006...... Oct, 1, 1905
($10,000 due yearly)
6,000.. ..Ju ly 1, 1901 ($3,000 due y’rly) to Oct. 1, 1914
4s, J& D , $20,000....... Tune 1, 1897 Population in 1880 was.........3,181 4s, J& J,
4s, A&O, 20,000.. ..Oct. 1, 1901 4s, A&O, $8,000.........Oct. 1, 1916
($2,000 due yearly) to June 1,1906
4s, J& J, 24,000.. ..Ju ly 1, 1902 ($2,000 due y ’rly) to Oct. 1, 1919
T O T A L D E B T .—Total liabilities March 1,1892, $174,690, of which 4s, J& J, 18,000.. ..Ju ly 1, 1903 4s, J& J, $12,000........ Ju ly 1, 1007
$150,000 was water debt; net debt other than water debt, $1,330 4s, J& J, 10,000.. ..Ju ly 1, 1904 ($1,000 due y ’rly to) Ju ly 1, 1918
against $4,255 March 1891.
PAR V A L U E O F I
BONDS — The bonds are mostly for $1,000 each.
T O T A L D E B T , S IN K IN G F U N D S , E t c .— T he subjoined statement
R E V E R E . — G. A rthur T a p l e y , Treasurer.
shows Somerville’s total municipal debt, the sinking fund held by the
This town is in Suffolk County. Its debt consists of notes as follows: city against the same, and the water debt, on the 1st of January of each
Sundry P urposes —
When Due.
of the last three years.
LO AN S—
4s, A&O, $12,000... .A pril 1, 1895
H ighw ay L oan1893.
1892.
1891.
48 & 4>2S, $13,500.......1893 to ’99 Total debt Jan. 1893........ $145,436 Total debt January 1................ $1,141,500
$1,045,500
$1,057,500
Ta x valuation, real........ 5,547,200 Water debt (included above)... $375,000
School L oan$375,500
$379,500
48,
$36,936.......... ..1893 to '97 Tax valuation, personal. 328,224
In place of an accumulating sinking fund, the city raises each year by
Total valuation 1892___5,875,424
Sew er L oan taxation a sum of money which is applied to the redemption of bonds,
$12-00
48,
$78,000........... 1894 to ’99 Total tax (p. $1,000) ’90.
Population in 1890 was.
5,668 which when paid are canceled.
T a x L oan —
4las,
$5,000.............Sept., 1893 |
A S S E S S E D V A L U A T I O N .— The city’s assessed valuation (about
85 per cent of actual value) and tax rate have been as follows, real
R O C K L A N D . — E. R. Stu d ley , Town Clerk.
estate being taken at about cash value.
This town is in Plymouth County.
Personal
Rate o f Tax
LO AN S—
When Due. 4s, F&A, $25,000.......Feb. 1,1892 Tears—
Real Estate.
Property.
Total, per $1,000.
School B onds—
($1,000 due yearly) to Feb. 1,1916 1892................... $34,950,800
$3,142,300
$38,093,100
$15-00
4 ^s, A&O, $5,000... .1892 to 1896 Total debt Oct. 1891........ .$137,000 1891.
........
32,767,200
4,067,200
36,843,400
1400
Ta x valuation, real........ 2,137,356 1890.
($1,000 due yearly)
32,557,500
2,575,800
........
29,981,700
14-00
Tax valuation, personal. 587,607 1887.
Street B onds—
2.251.900
........
25,219,900
27,471,800
14-80
4*28, M&S, $8,000... 1892 to 1899 Total assessment 1891...2,724,963 1880.
2.064.900
........
18,393,200
20,458,100
19-10
Tax valuation 1890........ 2,694,735
($1,000 due yearly)
P O P U L A T IO N .— In 1890 population was 40,152; in 1880 was 24,Total tax per $1,000.......
$18-80
W ater W orks 48, M&N, $2,000........ May 1, 1892 Total debt in 1890........ $127,000 933; in 1870 was 14,685.
4s, M&N, 12,000........ May 1, 1893 Est’d value town’s prop
($3,000 due yearly) to May 1, 1896
erty, water works, etc.
182,350
4s, M&N, $80,000...... May 1,1897 Population in 1890 was........ 5,213 S O U T H B R I D G E . — This town is in Worcester County.
($4,000 due yearly) to May 1, 1916 Population in 1880 was........ 4,553
LO AN S—
When Due. Tax valuation, real.......$2,349,000
I N T E R E S T on the school bonds is payable at the Rockland Savings
Tax valuation,personal.
868,000
T own H all BondsBank; ob all other bonds at office of the New England Trust Co. 48, J& J, $65,000........ Ju ly 1, 1898 Total valuation 1890... 3,217,000
Interest is paid in Boston.
Ta x rate (per $1,000)..
18’50
Boston.
Total debt April 1, 1891 ..$65,000 Population in 1890 was.........7,6.55
Total assets........................ 29,000 Population in 1880 was.........6,464
S A L E M . — R obert S. B anjoul , Mayor.
This city is in Essex County.
H A D L E Y F A L L S . — Jos. A ll e n ,
The Massachusetts Legislature has authorized the city of Salem to S O U T H
refund its indebtedness in sums not exceeding $100,000 and for terms
Town Clerk.
not exceeding thirty years.
Tliis town is in Hampshire County.
P ublic L ib r ary —
LO AN S—
When Due.
LO AN S—
Amount. Total debt (latest ret’ns). $70,700
Can al Street 6s, A&O, $25,000.......Apr. 1,1908 Buildings................................ $5,000 Water sinking fund........
10,237
W ater B onds43, M&N, $54,000......May 1, 1893
Water works.......................... 40,000 Tax valuation.................. 1,770,816
($6,000 yearly) to May 1,1901 68, A&O, $150,000.... Apr. 1,1893 street, bridges, &c............... 25,500 Population in 1890 was.........4,261
I mprovement L oan 1892—
6s, A&O,
75,000... .Apr. 1, 1898
4s, F&A, $90,000. Aug. l , ’93,to ’02 5s, J& J, 398,500....Ju ly 1, 1904
($9,000 due yearly.)
4s, J& D, 224,000....June 1, 1893 S P E N C E R . —E rastus J ones, Town Treasurer.
M unicipal L oan 1892—
($8,000 yearly) to Ju n e l, 1920
This town is in Worcester county.
4s, J& D , $75,000. June 1, ’93,to ’17
N otes, &c.
LO AN S—
When Due.
($3,000 due yearly.)
General D ebt Bonds. . s , ........ , $49,521............................
PAR V A L U E O F B O N D S .— The bonds are in $1,000 pieces.
48, J& J, $75,000........ Ju ly 1, 1894 Bonded debt Mar. 1 ,1893.$344,000
I N T E R E S T — W H E R E P A Y A B L E .— A ll interest is payable at the 4s, J& J, 12,000........ Ju ly 1, 1900 Floating debt 1892.......... 66,321
Server B ondsTotal debt 1892................ 410,321
Merchants’ National Bank, Boston, Mass.
Sinking fund 1892............ 94,956
T O T A L D E B T , S IN K IN G F U N D S , ETC.-The subjoined state 48, J& J, $17,000........ Ju ly 1, 1904 Net debt Mar. 1 ,1 8 9 2 .... 315,365
Water Bondsment shows Salem’ s total municipal debt, the sinking fund held by the 48, J& J, $240,000...... Ju ly 1, 1914 Population in 1890 was........ 8,747
oity against the same, the water debt, and the city’s floating debt, on
I N T E R E S T — W H E R E P A Y A B L E — Interest on the 4 per cents is
the first of December of each of the last three years.
payable in Boston by the Boston Safe Deposit & Trust Co.
1892.
1891.
1890.
A S S E S S E D V A L U A T IO N , E t c .— I n 1892 assessed valuation of
Total debt December 1........... $1,205,758
$1,184,425
$1,492,120 real estate (about % real value) was $2,765,897; personal property,
Sinking funds and cash..........
304,284
240,855
509,116
$1,364,664; total, $4,130,561; tax rate, $20-00 per $1,000. In 1891
Net debt on December 1 __ $901,674
$943,570
$983,004 total assessed valuation was $4,152,520; tax rate, $19-00; in 1890
Water debt (included above)...
847,500
855,500
863,500 valuation was $4,065,516; tax rate, $22-50.
Trust funds (included above)...
103,425
103,425
98,120
The total debt on December 1, 1892, included floating liabilities
amounting to $10,833.
A S S E S S E D V A L U A T I O N .— The city’s assessed valuation and tax
rate have been as follows:
-Assessed Valuation.------Tax per
Years.
Real.
Personal.
Additional.
Total.
$1,000
1892..
$15,393,300
$11,034,576 $30,700
$26,458,576 $16-00
1891.. 14,778,700
11,450,018
5,600
26,234,318
18*00
1890.. 14,289,500
11,888,690
20,700
26,198,890
17-00
1889.. 13,998,600
12,056,951
2,800
26,058,351
17-50
1888.. 13,773,600
12,577,728
24,000
26,375,328
16-00
The tax rate for 1892 included State tax, $0-45; county tax, $0*8C»
and city tax proper, $14-75.
P O P U L A T IO N .— In 1890 population was 30,801; in 1880 it was
27,563; in 1870 it was 24,117.
S A U G U S . —J oseph W h iteh ead , Treasurer.
This town is in Essex County.
LO AN S—
Amount.
Water works...................... $46,500
Coupon notes....................... 50,000
Other debts........................ 45,500
Total debt in 1893............$142,000
Sinking funds, &c............
6',000
Ta x valuation 1892.........2,609,649
Population in 1890 was........ 3,673
S O M F R V T T T pr
j ™ . H . H O D G K IN S, Mayor.
O L J l V I L b i - t V 1 L 1 _ ± L . — (J O H N F. CO LE, Treasurer.
This oity is in Middlesex County.
When Due.
LO ANSCit y B onds (Serial).
Cit y B onds3s, A&O, $15,000...Oct. 1,
58, A&O, $165,000....Oct. 1,1895
($3,000 due y’rly) to Oct. 1,
4s, J& J,
25,000...Ju ly 1, 1893 4s, A&O, $100,000... Oct. 1,
4s, A&O,
54,000...Oct. 1,1893
(10,000 due y ’rly to Oct. 1,
4s, J& J,
23,000...Ju ly 1,1894 4s, A&O, $20,000...Oct. 1,
4s, J& J,
4,000...Ju ly 1, 1897 ($5,000 due yearly) to Oct.,
4s, A&O,
21,000...Oct. 1,1897 4s, A&O, $168,000...Oct. 1,
4s, A&O,
24,000...Oct. 1,1898 ($21,000 due y’rly) to Oct. 1,
4s, A&O,
9,000...Oct. 1,1899
Sew er Bonds—
| 5s, J& J, $35,000....... Ju ly 1,
OIZ>T3 T T V T F T T T T T T^
5EDM U ND P. K E N D R IC K , Mayor.
^ ^ D 1 IN Lxir* lH < i_ ,L J .—
t . TE FF T, Treasurer.
This city is in Hampden County.
/ Interest.— v
—
LO ANS—
NAME AND PURPOSE.
P.Ct. Payable.
-P rin cip a l,When Due.
Outstandfg.
City buildings, g’d, 1892 ... 4g J & J
Ju ly 1, 1902
$50,000
City notes (school)............. 4
J & D
Dec. 1, 1896
15.000
do do
............. 4
J& D
Dec. 1, 1897
15.000
do do (school)............. No interest.
N ov.l, ’93-’94
6,000
do do (park).......1890. 3*2 F & A
Aug. 1, 1893
14.000
do do (school).... 1890. 3 ^ M & S Sept. 1,1894 & ’95
30.000
Engine house bonds. 1891. 4
M & S
Sept. 1, 1901
20.000
Railroad bonds, 1872-73.. 7
A & O
Apr. 1, 1893
20,000
Sewer bonds........... 1891.. 4
J & J
Ju ly 1, 1906
70.000
do
do g’d, 1892...... 3*ggM& N
May 1, 1907
35.000
Water bonds .......1873-74.. 7
A & o ; Apr. 1,1894-1902
225.000
i $25,000 yearly.
do
do .......1873-74.. 7
A & o
Apr. 1, 1903
775.000
do
do ............1875.. 6
A & o
200.000
Apr. 1, 1905
do
do g old...lS90.. S'ng A & o
Oct. 1, 1920
125,000
PAR V A L U E O F B O N D S .— The bonds are all for $1,000 each.
I N T E R E S T — W H E R E P A Y A B L E .— Interest on bonds is payable at
the First National Bank of Boston, and at City Treasury.
T O T A L D E B T , S IN K IN G F U N D S , ETC.— The subjoined statement
shows Springfield’s total debt on the 10th of December of each of the
last two years:
1892.
1891.
Total funded debt (including water debt)___$1,600,000
$1,539,000
Total indebtedness, inelud’g current liabilit’s *1,623,471
1,568,248
Cash in treasury and due the c it y ..................
292,999
181,476
1901
1005
1893
Net debt on December 10..........................$1,339,472
$1,386,772
1902 Water debt, included above............................. $1,325,000
$1,325,000
1893
1896
the date of
notes dated
1893 1,* Sinceand payablethe above the city has sold tax $300,000. March
1893,
Nov. 8, 1893, to the amount of
1900
In tbe above table for Dec. 10, 1891, the item “ cash in treasury”
1896 includes sinking fund, $22,735.
April, 1893.
M * $ $ A C 4 t u s r r r s -~ 0 im $ a n © t o w n s ,
31
C I T Y P R O P E R T Y .— The city values its projierty at $-1,010,420,
including $1,662,070 for property of water department. In year
1892 water receipts were $171,588; payment for construction and
repairs $66,846; interest on water loans, $86,375; balance to be
credited to the sinking fund, $16,367.
AS S E S S E D V A L U A T I O N .— The city’s assessed valuation and tax
rate in different years have been as follows, real estate being taken at
about 83 per cent cash value:
Seal
Estate.
Personal
Property.
Total
Assessed
Valuation.
LO A N S —
When Due. Total debt Feb. 1,1893... .$90,000
W ater B onds—
Tax valuation, real...... $1,958,705
4s, MAS, $10,000....... Sept. 1,1896 Tax valuation, personal 580,595
4s, MAS,
15,000.....Sept. 1,1901 Total valuation 1891... 2,539,300
4s, MAS,
15,000.... Sept. 1,1906 Assessment about % actual value.
4s, MAS,
25,000.... Sept. 1, 1911 Total tax (per $1,000)........... $2-80
4s, MAS,
25,000.... Sept, 1,1916
I N T E R E S T is payable at the Howard National Bank, Boston, Mass.
T A X F R E E — A ll loans issued by this district are exempt from taxa
Kate of tion.
Tax per
$1,000
1892..................*39,444,580 $11,330,407
$50,780,987
$13-00 W A K E F I E L D . - T . J. Sk in n e r , Treas.
1891.................. 37,219,490
11.110,144
48,329,634
12 50
This city is in Middlesex County.
1890 ................. 33,795,860
10,697,773
44,493.633
1240
1889 .................. 32,000,680
10,072,895
42,073,573
13 00 Net debt Mar. 1,1893... $82,629 Total assessment, ’92...$5,002,495
Valuation, real............... 4,322,550 Total tax per $1,000...
$18*50
1888 .................. 30,323,140
9,540,115
39,803,255
13-60
Valuation, personal....... 679,945 Population 1890 was...
6,982
Taxation in 1892 includes State tax, $0-49; county tax, $0-77; city
tax, $11-74; total, $13-00 per $1,000.
W A L P O L E . — F. 0. P ilsbury , Treasurer.
P O P U L A T IO N .— In 1390 population was 44,179; In 1880 it was
This town is in Norfolk County.
33,340; in 1870 it was 26,703. According to local authority the popu
LO A N S —
When Due. 4s, A&O, $2,500......... Apr. 1,1898
lation within a radius of ten miles is about 133.000.
School H ouse—N otes.
Total debt Jan. 12,1893. $15,200
4s, JA J, $7,200...........July 1, 1893 Tax valuation, real........ 1,585,046
($2,400 due yearly) to July 1, 1895 Tax valuation, personal. 435,327
S T O N E H A M . — F. E. N ickerson , Town Treas’r.
4s, A&O, $1,000......... Oet. 1, 1896 Total valuation 1891___2,020,373
This town Is In Middlesex County.
T own H all —
Total tax per ($1,000)... $16 80
4s, J& J, $2,000........... Ju ly 1, 1896 Population in 1890 was........ 2,604
LO A N S —
When Due. | P ark Lo ts—
T ow n Notes —
4 ‘ ,--. MAN, S7.30O. .Nov. 17, 1892 4s, A&O, $2,500......... Apr. 1, 1897 Population in 1880 was........ 2,494
4s,
JA D . $5,000_Deo. 18, 1893 Interest pavable at Stout-ham.
IN T E R E S T on the school house loan due 1896 and on the town hall
4s,JA D , 5,000 ...Dec. 24,
1893 Total debt Jan. 1,1893... $77,400
4s,
JA D , 5.000_Dec. 18, 1894 Tax valuation, real.........3,265,725 loans is payable at the National Bank of Redemption, Boston, Mass.,*
4s,
JA D , 10.000_Dec. 18, 1895 ] Tax valuation, personal. 430,580 on other loans at the Worcester North Savings Institution, Fitchburg,
4s,
JA D , 10.000 . Dec. 18. 1896 Total valuation 1892.. . 3,696,305 Mass.
4i«», J A J , 5,000__Jan. 9, 1899 ! Assess*t about 70S of actual value.
1 4 », J A J ,
5.000 . . .Jan. 9.1899 Tax rate (per $1.000)......... $19-00
\ \ 7 A I T T - I A 1Y/T
J G EO R G E W AR DEN , Mayor.
4s, JA D , 10,000
J'ne 10,1900 Population in 1890 was......6.155
w A L 1 i T A M . — ( E . J. SANDERSON. Treas.
4*. FA A. 5,1)00.... Feb. 20. 1901
4*. JA D . 10.000....Ju ne 9. 1902
This city is in Middlesex County.
,— Interest.— - ------------ Prin cipal, ------------ ■
>
LO AN SNAME AND PURPOSE.
P.Ct. Payable,
When Due. Outstand’a.
S U F F O L K C O U N T Y . — See City of Boston.
City bonds..........
$14,000
.1889 4
J & J July 1, 1893
do
.........
.1887 4
J & J July 1, 1894
18,000
HP A T T K I T 'f H M
' FR AN CIS 8. B A B B IT T , Mayor.
do
.........
F & A Aug. 1, 1895
.1885 4
16,000
1 A U I N 1 Ly IN — < EDW ARD H. TEMPLE, Treasurer.
do
.........
M & 8 Sept. 1, 1895
.1885 4
12,000
do
..........
.1886 4
J & J Jan. 1, 1895
7,000
This city to in Bristol County.
do
.........
.1887 4
J & J Jan. 1, 1897
90,000
- Prin cipal.LO ANS—
• Interest. —
---------*
do
..........
.1887 4
J & J July 1, 1897
28,000
When Due. OuUlanil'g.
NAME ANC PURPOSE.____ _ P.Ct. Payable.
do
..........
42,000
.1888 4
J & J July 1, 1898
June 1, 1895 $149,000
.1889 4
do
..........
28,000
J & J Jan. 1, 1899
Jose 1. 1893
26,500
do
.........
28,000
.1889 4
J & J July 1, 1899
do
........ .............. 1884 4
51.000
J A I June 1, 1894
do
.........
.1890 4
49,000
J & J Jan. 1, 1900
do
........ ...............1884 4
5.500
J & 1 Dec. 1, 1894
do
.........
.1891 4
31,000
j & .! Jan. 1, 1901
do
..
107.500
........*81 to'86 4
J & : June 1, 1895
do
.........
.1892 4
54,000
,1 & J July 1, 1902
do
. . . . . . .............. 1**7 4
June 1, 1897
J &
14.000
do
..........
.1892 4
8,000
J & .1 July 1, 1903
do
........ .............1891 4
June 1, 1896
7.500
J A
do
.........
3,000
.1886 4
J & J Jan. 1, 1906
do
........ .............. 1888 4
June 1, 1898
62.000
j &
do
..........
2,000
.1893 4
J & J July 1, 1912
5.000
do
...... ...... ......1S!*l 4
June 1, 1911
J A
do
.........
14,000
.1888 34t j & J July 1, 1893
do
__ .............1886 31* j &
June 1, 1896
70.000
4
85,000
J & .1 Jau. 1, 1909
.............. 1891 4
June 1. 1901
Paving bond*
60.000 Surface drainage
j &
15,000
do
4
J & .1 Jan. 1, 1910
Water bomis
July 1, 1896
250.000
........*76 to *78 ft
j &
50,000
.1891 48i A & O Oct, 1, 1906
18h4I i'4 J &
" *
do
July 1, 1896
30.000 Sewer bonds......
Subject to call after October 11906.
158.000
do
*80 tO *83 4
J .1
*
Ju ly 1, 1896
A & O Apr. 1, ’98to’02 150,000
do
------ .............1801 4
do
5.000
. ............1887 4
July 1. 1897
J A
$30,000 due yearly.
do
12.000
July 1, 1901
.............. 1hh 4 4
J &
100,000
do
_
_
1891 4
A & 0 Oct. 1, 1911
do
1.700
July 1. 1905
. ......... 1885 4
J A
10,000
1892 4
do
___
J & J July 1, 1902
July 1. 1‘H i
W
27.000
do
4
J &
............. 1886
10,000
do
—
1892 4
J & J July 1, 1912
............. 1888 4
' *
do
5.000
July 1, 1908
J &
1, 1922
25,000
1892 4
do
-----j & J July
July 1. 1909
15.000
.............1889
4
do
J &
15,000
J & J Dec. 1, 1922
.1892 4
30.000 Water do
.............. 1890 4
Jan. 1, 1910
do
J &
9,000
A & o Apr. 1, 1894
loans constriction .1884 4
15.000
do
__ ................1889 4
July 1, 1910
A
j
7,000
M & 8 Sept. 1, 1894
do
do
.1884 4
38.000
July 1. 1911
............ 1891 4
do
j A
1, 1895
5,000
M & N May
do
. 1885 4
45.000
do
...... .............. 1887 4
July 1. 1917
J A
75,000
do
J & D Dec. 1, 1898
.1883 4
350.000
do
_ ............... 1892 4
_
J A
July 1, 1922
9,000
A & o Apr. 1, 1906
do
.1886 4
do
10.000
do
.............. 1892 4
Jau. 1, 1922
J &
6,000
J & J Jan. 1, 1907
do
.1887 4
1.500
Municipal note*
June 1, 1895
4
j &
12,000
July 1, 1907
do
1887 4
J & J
3.500
J A
June 1, 1896
do
4
24,000
do
do
.1888 4
J & .1 July 1, 1908
1.700
N ot . 1, 1896
do
4
M *
20,000
do
.1889 4
do
j & J July 1, 1909
7,200
June 1. 1897
do
4
J &
35,000
1891 4
J & J July 1, 1911
do
do
3,INK)
M &
N ot . 1, 1901
do
4
28.000
July 1, 1912
.1892 4
j & J
do
e at the
24,000
.1892 4
do
do
IN T E R E S T - W H E R E P A Y A B L E -O c
Atlh* National Batik of frid f►. Reglste
n Registered Interest to remitted by
E X E M P T IO N FROM T A X A T IO N . — Tbe bondB are all exempt from
City Treasurer.
taxation.
T O T A L D E B T , E t c .— On March 1,1893, the city’s total debt, in
T O T A L DEBT, SINKING F U N D S , E T C .-T h « subjoined state
ment ihovi Taunton's total municipal debt, the sinking fund held by cluding water debt, was $1,259,000; sinking funds, $196,008; net
the city against the same, the water debt, and the city's floating debt, debt, $1,062,992. On January 6, 1892, the ordinary not funded debt
WU» $!> 15,711; the net water debt $356,940; the net surface drainage
on the flmt of December of each of the last four years.
1889.
1890.
debt, $88,179 ; tbe net sewer debt, $249,414; total net indebtedness,
1891.
1892.
Oro** debt
81.241.422 $1,138*358 $1,091,258 $1,033,920.
$1,612,099
601.368
513,928
663,991
719,169
Sinking fund*, etc...
AS S E S S E D V A L U A T IO N .—The city’s assessed valuation and tax
$577,330 rate hare been as follow s:
$536*090
$577,431
$802,930
Net debt Do x 1
$548,700
$.593,700
$631,700
Water debt (InrludM) *991.700
Total
Rate o f Tax
Personal
Real
243,527 Years.
286,454
327,411
Water •inking fund
Valuation, p er $1,0C0*
Property.
Estate.
$17,616,756
$15-50
$-1,295,756
1892.......... ........$13,321,000
$305,173
$307,246
$301,289
Net water debt
16,397,630
1400
. ♦ ...
3,945,330
$272,157 1891......... ........ 12.452,300
$229,744
$273,142
el “ municipal ” dob t $- . . . - .
15,210,714
* 14-00
3,609,814
1890......... ........ 11,000,900
13,958,330
14-20
3,254,130
total debt Include* Hat■little* other than funded 1889........ ....... 10,704,200
In the above table the
13,156,3X0
........
(to the amount of *45,499 in 1892) and the sinking funds include “cash,
12,301,945
........
1887........................................
taxes, etc.,** these lu 1891 amounting to $35,716.
The tax rate in 1890 was made up of city tax $13-25, and State and
The sinking fund receives yearly a iam sufficient with accumulations
county tax, 75 cents; total per $1,000, $14 00. Average valuation for
of interest on sinking fund Investment# to retire entire debt by maturity.
1887, 1888 and 1889, $13,102,678.
ASSESSED V A L U A T I O N — The city's assessed valuation and tax
P O P U LA T IO N .—In 1890 population was 18,707; in 1880 it was
rate stdUfcftnt periods have been as follows, real estate being taken at
11,712; in 1870 it was 9,065.
cent of cash value.
about 95
Tears.
Year*
1892.
1891
1890
1889 ...
Personal
Real
F.mtnte.
.. $13,262.7 40
$5,050,010
... 12.824.625
. 12,621,708
4,769,869
12,994,625
3,075,925
4,998,407
1886___
1882 ...
Rate o f Tajr
per $1,000.
Total.
$18*40
$18,313,350
1710
18.970.550
17*60
17,823.032
17*80
17,391.570
16*70
16,756,169
15*80
16.003,677
tides all State, county and city assessments. The
-wing deducted 5 per cent for prompt payment.
P O P U L A T IO N — In 1990 population was 25,448 ; in 1 8 8 0 it was 21,213; In 1870 It was 18,820.
Tax rn i In 1992 Ine
oetrat i $17*49, the
T U R N E R S F A L L S . — M. B. Collins , Treas’r.
Turners Falls I* a part of the town of Montague, Franklin County,
but |, w parat. for water an-! Are purpowi.
W A R E . — F. D. Gilmore , Treas.
Thin town is in Hampshire County.
$14*00
Total debt 1803................$113,500 Town tax.........................
1*80
Valuation, real.............. 2,866,140 Fire district tax.............
Valuation, personal.........1.023,280 Tax valuation in 1890... 3,736,071
7,329
Population in 1890 was.
Total assessment 1892.-3,889,420
i,817
Totaftax per $1,000.......
15*80 Population in 1880 was.
W A R R E N . — C harles B. B l a ir , Treasurer.
This town is in Worcester County.
LO A N S —
IF/teu Due.
School H ouse D ebt—
4s. semi-an., $18,930, part yearly.
Fire engine loan.................. $9,000
Grade crossing loan............ 8,000
Total debt March 1,1893..$35,950
Tax valuation 1892----- $2,558,764
Tax per $1,000.............
$16*30
Population in 1890 was........ 4,681
Population in 1880 was........ 3,889
gf/*T t
32
Vol. LVI.
M ID CITY S U f f l S I T O I T .
W A T E R T O W N . — S. S. Gleason , Treasurer.
A S S E S S E D V A L U A T I O N . — The town’s assessed valuation (about
the same as cash value) and tax rate have been as follows:
This town is in Middlesex County. In J 891 an issue of sewer notes
T o ta l Tax
Personal
otal Assessed
p e r $ 1 ,0 0 0 .
to the amount of $100,000 was authorized, and notes of this issue to
Tears.
Real Estate.
Property.
Valuation.
$17-40
1892..........................................................................................
the amount of $83,000 had been sold on February 1,1893. The re
16-80
1891
...$4,828,760
$1,705,980
$6,534,740
mainder, $17,000, will be offered as occasion requires. Since 1891 1890............. 4,742,026
16-40
1,682,659
6,424,685
there have been authorized additional sower notes to the amount of
P O P U L A T IO N .— 'The population In 1890 was 10,866; in 1880 was
$25,000 for extension purposes, $15,000 of which has already been 10,570; in 1870 was 9,010.
borrowed; and also $15,000 for re-building bridges, $5,000 of which
has already been borrowed.
W H I T M A N . — Geo. 1T P earson , Town Clerk.
S
T own N otes—( Continued.)
LO AN S—
When n u c Tbis town is in Plymouth County.
4s, M&N, $2,500___Nov. 1 ,1894
BiumiE N otes—
4 1 . s, J& D , $5 000............
2
1902 4s, A&O. 0,000 ....O ct. 1, 1897 School bouses......................$12,000 Tax valuation in 1892..$3,342,560
4s, A&O, 5,500 ....O ct, 1, 1898 Water works....................... 75,000 Tax valuation in 1890.. 3,104,640
Sewer N otes 1891-1892—
4 1 . s, J& J, $83,000 . ..Ju ly 1, 1893 Total debt Feb. 1,1893... $130,500 Total debt 1892 ............... 104,000 Tax rate (per $1,000) ’92— $16-30
3
(Fart due yearly) to Ju ly 1,1901 Ta x valuation, re a l........6,295,240 Sinking funds..................... 10,009 Population in 1890 was...... 4,441
413 s, J& D, $15,000....1893 to 1901 Tax valuation, personal. 1,474,839 Total value town property. 159,510 Population in 1880 was....... 3,024
_
Total valuation 1892;_ 7,770,079
(Part due yearly)
$13-50
Alts. M&N, 7,500 ... Novell, 1895 Tax rate (per $1,000)—
Population in 1890 was.........7,073 W I L L I A M S T O W N . — C . S . C o l e , Treasurer.
T own N otes—
As, A&O, 5 ,5 0 0 ....O ct. 1, 1893 Population in 1880 was.........5,426
This town is in Berkshire County.
Total debt 1893............... $40,500
LO AN S—
WhenDue.
Total value town prop’rty
32,800
R efunding Bonds—
W A Y L A N D . — B. M. F olsom, Treasurer.
3»4S, M & N ,$15,000..Nov.,’93 to’ 97 Tax valuation, real........1,887,830
This towu is in Middlesex County.
Tax valuation personal. 382,887
($3,000 duo yearly.)
$74,500 31t, M&N, $22,000.........Nov., 1897 Total valuation 1891------2,270,717
LO ANSWhen Due. Total debt 1892...........
Sinking fund assets___
9,385
RAILROADS—
Total tax (per $1,000).........$12-30
T own F arm —
4 12 s, M&8, $44,500..................1895 Ta x valuation in 1891.. 1,593,345 5s, M&N, $3,500............Nov., 1893 Population in 1890 was........ 4,221
Total tax per $1,000----$14-00
Population in 1880 was........ 3,394
Water W orks —
lies, M&S, $30,000....1895 & 1900 Population in 1890 was.........2,000
IN T E R E S T on the 5 per cent loan is payable at the Williamstowu
Population in 1880 was.........1,962
Interest i3 payable in Boston.
National B ank; on the 3% per cent loan in Boston.
W E L L E S L E Y — F eed . K ing sbu ry , Town Clerk.
This town is in Norfolk County.
When Due.
LO AN StVatek Works :
........... $171,000...
Other D ebts :
.............
$50,000...
Total debt 1802............ $229,841
26,894
Sinking fund assets.......
Value town prop’y (est.)
430,516
Ta x valuation m 1892. 6,522,575
Population in 1890 was.
3,600
W E S T B O R O U G H . - G . 0. B ing h am , Treas.
This town is in Worcester County.
$43,100
LO AN S—
When Due. Sinking fund..................
Net debt Feb. 1,1893...
142,300
Water debt (included)..
116,000
3% to 4Jes, var. $59,400 Various.
Tax valuation, real...... 2,288,700
W.VTER.B0 ND8—
Tax valuation, personal
451,000
5s, M&S, $55,000... .Sept, 16, 1908
4s. M&S, 35,000_ Mar. 1,1908 Total valuation 1892... 2,739,700
_
Assessment is % actual value.
Is, M&8, 20,000. ...Sept, 16, 1916
$1,620
4s, M&S, 6,000 ...Sept. 16, 1919 Total tax (per $1,000)..
Total valuation 1891... 2,795,234
(Interest payable in Boston.)
Bonded debt Feb.l, -93.. $175,400 Population 1890 was........ ...5,195
Floating debt................
10,000 Population 1880 was..............5,214
Total debt Feb. 1,1893.
185,400 I'opulal ion 1870 was............. 3,601
'M u n ic i p a l D e b t —
B O Y L S T O N . - -G. F. I I o w e , Treas’r.
This town is in Worcester County.
LOANS—
When Due. Ta x valuation, real...... $915,792
Tax valuation, personal 291,259
T own N otes—
4s, A&O, $15,000....Apr. 3,1893 Total valuation 1891... 1,207,051
4s, J& D ,
2 ,5 0 0 . . . . Dec. 4, 1899 Total tax (per $1,000)..........$16'00
4s, J& D ,
2,500_ Dec. 4,1900 Population in 1880 was........ 2,994
_
T otal debt Jan. 1,1893..
$20,000 Population in 1890 was........ 3,019
I N T E R E S T on tbe loan due in 1893 is payable at Fitchburg; on
others at -Worcester, Mass.
W E S T
W E S T F I E L D . — C. N. Oakes , Town Treasurer.
This town is in Hampden County.
Valuation, Etc.—
LO AN S—
When Due.
4s, A&O, $60,000........ Oct. 1, 1892
A cademy Bonds—
3iss, July, $36,000....J u ly 1, 1892 ($5,000 due yearly) to Oct. 1,1903
($4,000 due yearly) to Ju ly 1,1900 4s, A&O, $100,000.......Oct. 1, y’rly
$5,500 y ’rly exo’pt ’99-1900,$6,000
H igh School N otes—
4s, A&O, $4,200.................. 1900 Ta x valuation, real...... $5,114,011
3ies, A&O, 21,000....$3,000 yearly Tax valuation, personal 1,855,739
Ta x valuation 1891----- 6,969,750
Sew er N otes—
S^s, semi-an., $60,000.,’93to 1904 Assessm’t abt. 90 p. c. actual value.
Total tax (per $1,000).......... $16-00
($5,000 due yearly)
Population in 1890 was........ 9,805
W ater Bonds68, A&O, $35,000................... 1893 Population in 1880 was........ 7,587
S S iT O T A L D E B T . — Total debt Mar. 8,1892, $317,000, of which water
debt Is $195,000. Iu place of a sinking fund town pays off $17,500 of
debt yearly.
W E S T
S P R I N G F I E L D — J.
Town Clerk.
M. H armon ,
This town is in Hampden County.
LO AT4SWhen Due. I Total debt 1892.............. $101,400
General P urposes—
Tot. value town’s prop’ty
92,850
5s, $25,000..................May 5,1898 I Tax valuation in 1892..$3,498,892
I N T E R E S T payable at New Eng- Population in 1890 was........ 5,077
land Trust Co.. Boston.
| Population in 1880 was........ 4,149
W E Y M O U T H . —-J. II. Stetsoh, Treasurer.
The town is in Norfolk County.
W ater B onds—(Continued)—
LO AN S—
When Due.
4s, M&N, $50,000,...Nov. 1, 1917
F loating D ebt—
4-31 var., $ 8 5 ,0 92.... 1893-1902 4s, M&N, 21,000...... Nov. 1, 1919
es,
4s, M&N, 29,000...... Nov. 1, 1920
W ater Bonds—
4e, M&N, $300,000....Nov. 1, 1914 4s, M&N, 15,000.....Nov. 1,1921
I N T E R E S T on the floating debt is payable at the Tow n Treasurer’s
office; on all other loans at the National Bank of the Republic, Boston,
Mass.
T O T A L D E B T , ETC.—The subjoined statement shows Weymouth’s
total municipal debt and the sinking f and held against the same on the
1st of January of each of the last three years;
1893.
1892.
1891.
Bonded debt......................................... $415,000
$405,000
$400,000
Floating debt...................................... . 85,092
66,092
66,092
Total............................................... $500,092
Sinking funds....................................... 46,481
$471,092
36,835
Net debt January 1.......................$453,611
$434,257
W I N C H E N D O N . — A lfred W h it n e y , Treas.
This town is iu Worcester County.
LO AN S—
When Due. Total debt March, 1892.. $38,500
Tax valuation, rea l........ 1,599,506
T own N otes—
5s,
$2,150____ On demand Ta x valuation, personal. 597,100
5 g,
500____ On demand Total valuation 1892------2,196,606
4s,
12,000___ Jan. 15,1894 Total tax (per $1,000)........ $16-00
4s,
25,000___ Apr. 6, 1895 Population in 1890 was........ 4,390
IN T E R E S T on the 5 per cent and 33* per cent notes is payable in
Wincbendon; on the 4 per cent notes at the Institution for Savings.
Newburyport, Mass.
W I N C H E S T E R . —A lbert A ye r , Town Clerk.
This town Is in Middlesex County.
Valuation , etc.—
LO AN S—
When Due.
Total debt 1892................ $363,500
T own loans —
(Including water debt 281,000).
4 s ,......... $20,000...Sept. 28,1893
(abt. $10,000 y’ly)to Sept. 28,1894 Water works are valued
at......................................$330,000
4s,
.. .. $23,500....1895 & 1896
3 4 s ,........ , 8,000.. Ju ly 12,1896 Ta x valuation in 1892.. .5,234,980
Real estate....................... 4,379,510
W ater Bonds7 8 ,........ ,$45,000.......
1893-94 Personal property.......... 855,470
$16-00
6 s ,........ , 35,000.......Apr. 1, 1895 Ta x rate (per $1,000) '92.
4s, Y a r’s, 189,000___1900 to 1912 Tax valuation 1891 was.5,038,504
Population in 1890 was.
4,861
(Part duo each year) inclusive.
3,802
3 Sts, ___, $12,000.-Dec. 20,1901 Population in 1880 was.
W I N T H R O P . - S . F loyd , T owu Clerk.
This town is in Suffolk County.
LO AN S—
Amount.
Railroads............................. $35,000
School bouses..................... 15,425
Other debts........................ 12,075
Total debt 1892............... $62,500
5,551
Sinking fund assets........
Tax valuation in 1892...4,231,440
Population in 1890 was........ 2,726
n r r w o T T D TXT
5 P- K - A, R ICH A R D SO N , Mayor.
W O B U K IN
\ E . G. PR ESTO N , Auditor.
Tbis city is in Middlesex County.
LO AN S—
When Due.
LOANS—
When Due.
M unicipal Debt (Continued)—
M unicipal Debt—
4s, A&O, $5,600.......Oct. 1, 1893 3 L>S,M&N, $3,750...... May 1, 1893
($700 due yearly) to Oct. 1,1900 ($1,250 due yearly) to May 1, 1895
Water D ebt—
•
4s, A&O, $18,000.......Oet. 1,1893
100.000....Ju ly 1, 1893
($2,000 due yearly) to Oct. 1, 1901 6 s, J& J,
4s, J& J,
$6,000.......Ju ly 1, 1893 6 s, A&O, 100,000....Apr. 1, 1894
4,800....Oct 1, 1893
($1,000 due yearly) to Ju ly 1, 1898 4s, A&O,
($600 due yearly) to Oct. 1,1900
4s, M&S, $20,000...... Sept. 1,1893
$2,500....Nov. 1,1893
($2,000 due yearly) to Sent, i , 1902 4s, M&N,
4s, M&N, $2,500.......Nov. 1, 1893 ($500 due yearly) to Nov. 1,1897
($500 due yearly) to Nov. 1, 1895 4s, J& J, $130,000.......July 1, 1893
4s, M&N. 4,000...... Nov. 20, 1893 ($10,000 due y’rly) to Ju ly 1,1905
4s, M&N, 18,800.......Nov. 1, 1893 3ias, A&O, $2,100....Apr. 15, 1893
($700 due yearly) to A p r.lo , 1895
($6,266 due yearly) to May 1,1895
4s, A&O, $11,200........ Oct,. 1, 1893 3 82s, F& A, $3,9 0 0 ....Aug. 4, 1893
($4,100 due yearly) to Oct. 1,1900 ($1,300 due yearly) to Aug. 4,1895
I N T E R E S T on water 6s is payable in Boston; on other issues in
Woburn.
- T O T A L D E B T , E t c .— T he city’s funded debt on Jan. 1,1893, was
$89,850; water debt, additional, $343,300; water sinking fund, $38,780; net water debt, $304,520. Tbe net municipal and water debt on
January 1,1892, was $426,259. This year it is $394,370.
A S S E S S E D V A L U A T I O N . — In 1892 the assessed valuation of real
estate was $7,595,294; of personal property, $1,737,229; total valua
tion, $9,332,523. The total tax (per $1,000) is $15-70. Assessed valution in 1890 was $8,918,306. Property is assessed at actual value.
P O P U L A T I O N . — Population in 1890 was 13,499; in 1880 was
10,931; in 1870 was 8,560.
T -rr
, r , t < - p t— 1—
— r-,
■ ,
5 H E N R Y A. M ARSH, Mayor.
W U K b L b 1 r L l A . — l W IL L IA M S. B A R TO N , Treasurer.
This city is in Worcester County and is the largest in population and
property valuation in the State with the exception of Boston.
LOANS—
.— Interest, — .
-------— Prin cipal. ---------- .
NAME AND PURPOSE.
/* Ct. Payable When Due. Oidstand'g.
.
Funded city loan (ren’l)..1875 5
A & O Apr. 1, 1905 $200,000
do
do
......... 1883 4
A & O Apr. 1, 1893
90.000
do
do
......... 1891 4
A & O Apr. 1, 1901
75,000
do
do (renewal) 1875 4
A & O Apr. 1, 1905
500,000
do
do (renewal) 1892 4
A & O Apr. 1, 1905
500,000
do
do
......... 1892 4
A & O Apr. 1, 1902
135,000
Funded park loan............1889 "4
A & O Apr. 1, 1938
250,000
Funded sewer loan.1879
5
J & J Jan. 1, 1899
100,000
do
do
......... 1880 5
J & J Jan, 1, 1900
30,000
$466,092
do
do (renewal) 1875 -1'e A & O Apr. 1, 1905
140,000
27,602
do
do
......... 1881 4
J & J Jan. 1, 1901
55,000
do
do
......... 1883 4
J & J Jan. 1, 1903
65,000
$438,490
April, 1893.
m o m
I 0 M M 5 -D E 8 T O f S T ^ T I,
,— Interest,— .
LO ANS—
-P rin cip a l—
Rate. Payable.
W AND PURPOSE.
E
When Due. Oulsiand’g
J & J fan. 1, 1904
Qdetl sewer ....... ...1884 4
$70,000
do
...... ...1885 4
do
J Sc J ran. l, 1905
iso.ooo
do
— .. ...1886 4
do
J & J [an. 1, 1906
145,000
do
...... ...1888 4
do
J & J
75.000
do
...... ...1890 4
J & J Jan. l , 19X0
do
75.000
J & J
....... ...1892 4
do
do
80.000
do
........ ...1876 5
J & D
do
100,000
do
— .. ...1884 4
do
A & O
250.000
do
— .. ...1885 4
A & O
do
100.000
....... ...1888 4
A & 0
do
do
150.000
do
. .. .. . ...1389 4
A & O
do
200.000
do
....... ...1890 4
A Sc O
do
30.000
do
. .. .. . ...1891 4
do
A & O
70.000
do
....... ...1892 4
A & 0
rte
150.000
do (renewal} 1892 4
J & D
do
300.000
do (renewal'* 1885 3<«i J & D
do
150.000
PAR V A L U E O F B O N D S.—The bonds are for $500 awl multiples
thereof,
IN T E R E S T - W H E R E P A Y A B L E .-In te re s t on most issues is pay
able, principally by check, at the Merchants’ National Bank in Boston.
T O T A L D E B T, S IN K IN G FU ND S, Et c - T he subjoined statemen
shows Worcester's total funded debt, the sinking fund held by the city
against the same, and the water debt, on the first o f December 1892,
January 1892 and July 1891.
Dec. 1, 1892, J a n 1,1892. July 1,1891.
$3,935,000
$3,918,40C
Total funded deb t.. . . . . . . . ----- .$4,205,000
Sinking funds...... ......... -........$1,407,883
$1,293,492
$1,182,832
3$
A new State loan to the amount of $1,500,000 was authorized by
vote of the people at the recent election.
PAR V A L U E O F BONDS.—The bonds are for $1,000 each.
IN T E R E S T —W H E R E P A Y A B L E .-In te re s t is payable in P ro vi
dence at the Rhode Island Hospital Trust Company.
T O T A L D E B T, S IN K IN G FU NDS, Et c .—The subjoined state
ment shows Rhode Island’s debt, and the sinking fund held against thesame, on the first of January of each of the last three years.
1892.
1891.
1890.
$1,283,000
$1,283,000
Total funded debt.................... $1,283,000
Sinking funds...... ..................... 1,049,764
941,704
816,017
N et debt..................
$233,336
$331,296
$466,983
The sinking fund is invested in city, town and district bonds and.
notes. The annual interest charge on the State’ s bonds is $76,980.
T A X V A L U A T IO N .—The assessed valuation o f real estate in
Rhode Island in 1890 was $243,658,190; personal property, $84,872,
369; total $328,530,559. T ax rate (per $1,000) was $1 80.
P O P U L A T IO N O F S T A T E .—For the first few decades of our.
national existence the population o f Rhode Island grew v e ry slowly,
but in the later decades the pace has been rapid. In 1790 the number
o f inhabitants was 68,825 and in 1800 it had increased only to 69,122
in 1850 it had risen to 147,545; for 1890 it is 345,506.
1890.............. 345,506 I 1860............. 174,620I 1830................97,199
1 8 8 0 .......... 276,531 1 8 5 0 .......... 147,545 1820.........
83,0151870.............. 217,353 I 1840............. 108,830 j 1810.......
76,931,
I t will be observed that during the last thirty years the addition
Net debt
............ .
.$2,857,117 $2,641,508
$2,735,568
to population has been almost as large as the total population in 1860
Water &park debt (Inc. above) .$1,750,000 $1,300,000
$1,280,000
The sinking fund receives yearly a sum sufficient with accumulations —that is, the numbers have almost doubled, the 345,506 for 1890 com
of interest on sinking fund investments to retire entire debt at matur | paring with only 174,620 in the year mentioned. In the decade from
ity. In 1892 $113,100 was paid Into sinking funds other than the 1860 to 1870 the rate of growth was 24*47 per cent, in the 1870 to 1880
decade *27*23 per cent and in the last decade 24*94 per cent.
water bonds sinking fu n d ; In 1891, $93,400.
M U N IC IP A L IN D E B T E D N E S S L IM IT A T IO N S -T h e r e is nothing
C I T Y P R O P E R T Y .—The city owns property valued at $4,650,262,
ncluding water works costing $2,304,389. Receipts from water assess | in the Constitution o f Rhode Island limiting the amount of city debts.
meats in year 1890-91 were. $151,518-38; maintenance, $62,698*88 • |The following, however, are two sections taken from Chapter 34 of the
j Revised Statutes of the State, passed in 1878. Since 1878 theseinterest on w ater loan s, $-11,088; paid to sinking fund, $47,731*55.
D E B T L IM IT A T IO N .—An exception In the case o f Worcester to provisions have been in force, and consequently 3 per cent o f the fcaxa-ebtedness is found is the ! ble property has been the limit of the power of each town to create
general Stabsi taw limitiln$ m imfeipai Jndeb
to
of
Supplercent 1 the Publiic Stmfctitas. Laws o f 1888, Chapter 144. The debt
Section 16 , •* The outstanding notes, bonds and contracts of towns
object ot the la w wm to antherrize a loan for he purposes of Public
shall be paid and be full!lied according to the tenor thereof, and allloan was cal l(>l! tine Worcester Pa ; Loan, and the amount public works now authorized to be prosecuted shall be prosecuted, and
Parke. The 3
of the Is
m fixed at nSOttCMsxeeed $250.oc . The Statute provided all indebtedness now authorized to be incurred on account thereof may
I l»e Incurred according to the tenor of the authority therefor.
thus tillI debt should not iNs tael titled within th limit fixed by law.
I section 17. No town shall incur any debt in excess of three per
used valuation and tax centum of the taxable property of such town, including the indebtedASS ESSl D VALUATION.•at© hav e in
n at about cash, v a lu e : : ness of such town on tin* tenth day of April, one thousand eight hun
Hate o f Taj dred seventy-eight, hut the givin g of a new note or bond, for a pre
Permmti
payment of
H#al Estate.
Ytan,
Total. />rr$1,000. existing debt, or for money borrowed and applied to the this section,
flw r t s
such pre-existing debt,
provisions
$81,040,802
$14*60 and die amount o f any is excepted from thebe deductedof computing,
$10,887,60
1892.. .... ,
6-M 53.200
sinking-fund shall
in
77,633,90!'
60,942,300
14(10
S6,693,60
1891............
I $00.
73,4 m g m
15*683*01
15*60 j such i iid chtediiess. ”
08,154,951
10*00 I SAVINGS BANK IN V ES TM EN TS AND R E S T R iC T !O N S .-In
1880.. ........
13,747,30
1888 . . . . . . . . . . . . 50,338
64,502,63i
14,104,2$
16'00 the “ Public Statutes of Rhode Island” (which were revised in 1880-81
48,570.33*
1883..................
70,335
17*20 by commissioners and put in operation by act o f Legislature February
In 1892 tax rate iochnl
tax. $0*42; city | 1st. 188*2,) Sections 5*2, 53, 54, etc., of Chapter 153, w ill be found the
$13*67; total, f 14*60.
provisions of law with reference to Savings Bank Investments. Section
Average a v a i n ;
:o 1892 inclusive. 52, which recites in detail the stocks, bonds, etc., these Institutions are
all#wed t< put their money in, was amended in two particulars in
>
P O P U L A T IO N .- P o p
$4 in 1880 was i 1886. Below we give that section in full, as now in force, the amend58 ,291; in 1870 was -11,1
f»rity the preset) I meats of 1886 being put in brackets and printed in italics,
that the
population !e over 90,000
I reader can at once distinguish them and measure their significance-,
i S ection 52. Institutions for savings shall invest their receipts—
r1 1 In public stocks or bonds o f any'State or of the United States,
(2) Or in any bank stock, or in notes or bonds of any town or city.
I (3) f Or h> notes o f any school district or ./tee distinct in any New J2ng~i land male,}
(4) Or in such corporate stocks or bonds as they may deem safe and
secure,
(5) Or ther may discount notes, bonds or drafts of individuals or cor! positions, with two other responsible endorsers, sureties or guarantors,
(6) Or the notes, bonds or drafts of individuals or corporations secured
DEBT* RESOURCES, ETC.
1 by t he public notes, stocks or bonds of any State of the United States,
or of anv town or city [or o f any schor l district or fire district, in any
S Xnc England State], or by the stocks or bonds of any corporation which
Admitted a & State
,**
*
One of Original Thirteen may be 'deemed to be safe, or by mortgage on real estate.
The only other Sections which call for publication are 53 and 54, theTotal area o f Slate* (M|«ar€t miIe8) 1,250
State Capital
.
.
.
.
Newport and Providence ! former appearing to give Savings Institutions quite extensive powers
i as to making and keeping deposits in commercial banks. When so
Governor (term expires 1st Tues. May 93), D, Russell Brown j kept, however, they are to be kept "payable on demand whether drawSecretary of State (term exp. 1st Tut*®. May *93), G. H. Utter i *• fng interest or not.” The two sections are subjoined.
Treasurer (term expires. 1st Tuesday May ’93),
Samuel Clark I S ection 53.—N o such institution shall have an amount exceeding
! one-half of its receipts invested in notes, bonds or drafts of individuals
Legislature meets annually the last Tuesday in May at N ew |or corporations, unless secured by Some public notes, bonds or stocks as
or bv mortgage on real estate,
section
port, and hold- an adjourned session the following January at ! aforesaid,construed as to forbid any suchbut the preceding placing shall
not be so
institution from
and
holding on deposit in any bank such reasonable amount of their re
Providence.. There is no limit as to the length, of session.
ceipt* as is customary and they may deem proper, payable on demand,
. xiJ
s experiences o f Rhode Island over her whether drawing interest or not. loaned by any institution tor sav
H ISTO R Y OF 0E81
Section 5 1.—No money shall be
a a colony and ‘w hile a member of the ings to any trustee, director or other oUlcer of such institution.
debt and currency \m
%m
Ertmbly » deterrent influence in shaping
coaled©ratios. c* States 1
f
For the other provisions of the law as they now are we would refer
events tin* State authorities showed no our readers to the Revised Statutes of 1882.
\X* later financial policy.
any kind of obligation. Neither charim#tK»dttc*n after that to
B A N K S - N A T IO N A L , S T A T E AN D SAV IN G S IN S T IT U T IO N S .
, nor canals, nor railroads, nor banking —Tor a State of its size, Rhode Island has quite a large banking capitals
table and educational m
the debt-making fever developed in so There has been some falling off since 1885, but even as it is the
any bond Issues by the State of Rhode national institutions have over twenty millions capital, while the sur
I War, however* there was no hesitancy plus since the year mentioned has been augmented over a million
Island. At ih
■
policy to give freely in aid o f the Gov.
,--------- —1892.----------- • .------------1885.funding April 30,1868, w as$3,061,000,
attiinenr The I
State.
National.
State.
National.
■t. In the following year $132,000 was
all- growing mi%
(Nov. 17.)
R hode I sland.
{Dec. 9/92.) (Wot.17/92.) {Dec, 24.)
10
rafter, except in 1875 and 1879, some Number of banks..
redeemed, and
59
6
61
$916,675 $20,340,050 $1,766,685
until .now the total outstanding Is $1,. Capital ............... - .$20,277,050
portion of debt
156,947
Surplus and profits. 6,705,344
176,115
5,570,320'
re sinking fond securities held by the Deposits, SndivIdM-. 17,344,978
909,77.
13,150,429 1,096,150
$1,019,763 08. The outstanding bonds
The above shows an aggregate capital for the national and State
State of Rhode Island.
NAME AND f
Civil War te
-Principal.When Due. OulsUtnd'g.
July 1, 1893
Ami. 1, 1894
$584,000
699,000
hanks o f $21,193,725, with aggregate deposits of $18,254,755 and
surplus of $6,881,459. In addition seven trust companies liadNovember,
1892, $2,557,900 capital, $18,602,033 deposits and $804,525 surplus,
the bulk of the amounts however being contributed by two institutions.
34
S W £
A1W CITY S U m £ M £ f l T .
Yoi. LVI*
Real
Personal
Rale o f Tax
As regards tlie saviugs banks, both tbe number of dejiositors and the
Estate.
Property.
Total.
per $1,000.
amount of deposits are large, and the average of each deposit stands Tear.
1892...................$27,311,400
$7,035,900
$34,347,000
$9*40
higher than in any other of the New England States— in fact higher 1891.................. 26,153,900
6,890,250
33,044,150
9*60
than in any State in the Union except California. This arises in part 1890.................. 25,356,900
6,863,750
32,220,650
10*00
1886...................................
............
28,540,300
9*80
from the fact that many very large accounts are held, one of the banks
1882...................................
............
26,291,300
10*50
holding an account of $169,148, another bank an account of $60,666,
The tax rate, though only $9*40 per $1,000, covers all taxes, State
still another $55,166, a fourth an account of $43,852, &c., &c.
etc., as well as city.
1892.
1885.
1880.
1875.
P O P U L A T IO N .— In 1890 population was 19,449; in 1880 it was
Savings Banks—
(Nov. 17.)
(Nov. 17.)
(Dec. 1.)
(Nov.)
Number of banks___
15,693; in 1870 it was 12,521.
38
38
39
38
Niunberof depositors 142,492
116,381
97,682
101,635
Amount of deposits.$69,906,992 $51,816,390 $ I 1,755,625 $51,311,331
Surplus and profits.. 3,862,760 2,660,651
1,944,256 1,829,965 P A W T U C K E T . — A ljion K. Goodwin , Mayor.
A v ’gc each deposit..
490
'445
458
505
Pawtucket is in Providence County.
It will be noted that the Rhode Island savings banks now hold $69,Water Bonds—
LOANS—
When Due.
906,992 deposits, against $44,755,625 in 18s0, and have 142,492
General D ebt Bonds—
5s, A&O, $300,000... Apr. 1, 1898
7s, A&O, $200,000....Apr. 1, 1895 5s, A&O, 200,000... Apr. 1, 1899
depositors, against but 97,682 at the earlier period.
6s, A&O, 200,000.... Apr. 1, 1895 4s, J& J, 600,000... .July 1, 1910
4s, J& J, 150,000....Ju ly 1, 1915 4s, J& J, 400,000... .July 1, 1919
4s, J& J, 400,000... .Ju ly 1, 1894 Population 1890 was. ..........27,633
($50,000 every 5 yrs)toJuly 1, 1929 Population 1880 was ..........19,030
The general debt bonds due Ju ly 1,1915, and all of the water bonds,
Citie s , Counties a n d T owns
excepting those due in 1919, are gold; others currency.
IN
IN T E R E S T on the 7 per cent bonds is payable at Providence, R. I.;
on all other loans at Boston, Mass.
S T A T E OF RH O D E IS L A N D .
T O T A L D E B T , Etc .—The bonded debt on December 1, 1892, was
$2,450,000; floating debt, $1,137,549; total debt, $3,587,549; sinking
B R I S T O L , . — Georoe H. P eck, Treasurer.
fund, $730,000; net debt, $2,857,549. Of this amount $1,600,599 was
for water. The net bonded debt on Dec. 1.1891, including $1,250,639
This town is the oapital of Bristol County.
LO AN S—
When Due. I Net debt Feb. 1, 1892 . $101,564 water debt, was $2,600,125; on December 1, 1890, it was $2,332,990.
F ive -Y ear N otes—
I Tax valuation, real___ 3,413,700
A S S E S S E D V A L U A T IO N .— In 1892 tbe assessed valuation of
4s, J& J, $73,000..........1894 & ’95 Tax valuationfpersonal 1,4*^2.600 real estate was $21,594,848; personal property, $5,297,878; total,
Short term notes..........
$34,000 |Total valuation 1892... 4,836,300
Total debt Feb., 1892..
108,133 I Town tax (per $1,000) 1892.$10*60 $26,892,726. During the year 1890-91 the valuation increased $700,-Sinking fund................
6,569 | Population in 1890 was........ 5,487 000. In 1886 the total valuation was $18,015,990; in 1882, $16,267,I N T E R E S T on all town loans is paid in Bristol, R. I.
764. The total tax rate (per $1,000) for ea h of the years mentioned
was $13*33.
B U R R I L L V I L L E . — P. 0. H a w k in s , Treat*.
W IL L IA M H. P O T TE R , Mayor.
This town is situated in Providence County.
P R O V I D E N C E . — D. L . D . G R A N G E R , Treasurer.
L O A N S—
When Due. Total debt Sept. 1891... $15,000
The city is situated in Providence County, which has no debt. In
Tax valuation, 1890....... 3,044,500
P r o v . & Sp r . RR. A id B onds
$6*40 addition to the obligations described below, Providence guarantees
es , J& J,
$15,000... .Ju ly 1, 1892 Tax (per $1,000), 1890..
'interest paid at office of R. I. Hos Population in 1890 was........5,492 certain bonds of the Providence & Springfield R. R. This road is
Population in 1870 was........4,674
pital Trust Co. Prov.
leased to the New York & New England R. R. Co., and interest on its
bonds is paid from rental.
C R A N S T O N E .—
LO AN S-
This town is in Providence County.
L O A N S—
When Due. Population in 1890 was....... - 8,099
G o l d B onds —
Population in 1880 was........ 5,940
4s, $105,945............................. 1922
C U M B E R L A N D . — C yrus T a ft , Treasurer.
This town is in Providence County.
LOANS—
When Due , Tax valuation, real...... $5,323,942
Tax valuation,personal. 2,179,229
F unding B onds48, J& J, $95,000__ Jan. 1 , ............ Total valuation 1892... 7,503,171
Assessm’t ab’t 9-10 actual value.
($5,000 due yearly)
State tax (per $1,000)............ $1*50
Interest payable in Providence.
Total debt Jan. 2, 1893 .. $95,000 Town tax (per $1,000)............ 7*50
Sinking fund.....................
5,000 Population in 1890 was.........8,090
Net debt............................
90,000 Population in 1880 was......... 6,445
E A S T
P R O V I D E N C E . — W.
W.
Munroe ,
Treasurer.
This town is in Providence County.
Tow n bonds................
$135,000 Valuation, real........... $6,257,363
829,656
Tow n notes..................
60,000 Valuation, personal...
Other indebtedness...
4,355 Total valuation 1892. 7,087,019
$11*20
Total debt March 1892
199,355 Tax rate (p.$l,000)’92
Total assets..................
29,963 Population in 1890 was........ 8,422
J O H N S T O N . — J ames D a v is , Treasurer.
This town is situated in Providence County.
LOANS—
When Due. Total debt 1893................ $273,265
Total valuation 1892___ 6,254,900
F unding B onds.
4s, F& A, $250,000....Feb. 1, 1917 Total valuation 1880___ 3,933,600
Subject to call after Feb. 1,1902. Town tax (per $1,000)...
8 00
Bonded debt Mar., 1893... $250,000 Population in 1890 was........ 9,778
Floating debt................... 23,265 Population in 1880 was........ 5,765
I N T E R E S T is payable at the Bank of America Loan & Trust Com
pany, Providence, R. I.
\ T 1 7 lA IP n D T
5 JE R E . W. H O R TO N , Mayor.
IN n . W J r 'L J r A 1 .— i D. M. C O G G E S H A LL, Treasurer.
Newport is situated in the county of the same name.
LO AN S—
When Due. 4s, J& D, 16,000........ Dec. 1, 1906
P ermanent I m p r o v ement—
4s, J& J, 16,000...... Ju ly I d ,1909
4s, F& A, $24,000........ Feb. 1, 1922
Sewer B onds—
RR. A id , N. & VY. RR. & S. B. Co. 4s, M&N,$35,000......Nov. 14,1916
6s, A&O, $48,000........ Apr. 1,1895 4s, F& A, 98,000....... Feb. 1, 1918
School H ouseSewer and Street I mprovem ’ t .
48. M&S, $30,000........ Mar. 1,1905 4s, A&O, $70,000.... Apr. 15, 1921
I N T E R E S T is payable at Newport.
T O T A L D E B T , S IN K IN G F U N D S , ETC.-The subjoined statement
shows Newport’s total municipal debt and the sinking fund held by the
city against the same on the 1st of January of each of the last four
years.
1893.
1892.
1891.
1890.
Total bonded debt.
$337,000
$313,000
$243,000
$243,000
Sinking funds........
56,786
44,363
35,447
26,876
Net debt on Jan. 1..$280,214
$268,637
$207,553
$216,124
The sinking fund receives yearly $9,000.
Besides the above bonded debt the city had on January 1, 1893, a
floating debt of $72,457.
C I T Y P R O P E R T Y .— The city owns real estate valued by tax assess"
ors at $488,022; other property, $183,398.
A S S E S S E D V A L U A T I O N .— The city’s assessed valuation and tax
rate have been as follows, real estate being taxed at about its actual
oash value.
/ Interest.— - ---------P rin cip a l.--------- v
—
NAME AND PURPOSE.
Rate. Payable. When Due. Outstand'g.
City Hall and sewer................... & 5 g J & J Ju ly 1, 1895 $1,397,250
do
do
1879.c&r 4 ^ J & D June 1, 1899
600,000
Davis estate loan..........1891c&r 4g. J & J Ju ly 1, 1909
75,000
Park loan......................1892. c&r 4g. M & S Mar. 1, 1922
500,000
Public improvement...................r 5
J & J Ju ly 1, 1899
450,000
do
do
1879
r 5
J & J Ju ly 1, 1900
146,000
School lo a n ,............... 1891.c&r 4g. J & J Ju ly 1, 1911,
300,000
Sewer loan,............. 1891. c&r 4g. J & J Ju ly 1, 1921 1,125,000
do
..................... 1892.c&r 4g. M & S Mar. 1, 1922
500,000
do
gold............. 1893.c&r 4g. A & O Apr. 1, 1923
500,000
Water, gold............................c&r 6 g J & J Ju ly 1, 1900
820,000
do
gold............................c&r 5 g
J & J Ju ly 1, 1900 3,180,000
do
gold.................1876 c&r 5 g J & J Ju ly 1, 1906 1,500,000
do
gold................. 1893.c&r 4 g
A & O Apr. 1, 1923
817,000
do
....................... 1886.c&r 3 ^ M & S Sept. 1, 1916
483,000
PAR V A L U E O F B O N D S .— The coupon bonds are for $1,000; the
registered bonds for $1,000 and multiples.
I N T E R E S T - W H E R E P A Y A B L E .-In te re s t on the bonds is paya
ble as follows:
Title o f Loan
Interest, where payable.
City Hall and sewer sterling 5s—
London, Morton, Rose & Co.
do
do 4 ^ 8 ........ 1879 Boston, Nat. Revere 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 impr’nt 5s, due 1899&1900 Providence, City Treasury.
War 5s, due 1893.............................Providence, City Treasury.
School loan, due 1911................... N. Y ., Nat. City Bank, and Prov.
Sewer bonds.....................................
do
do
a* A,,*
SBoston, National Revere Bank.
Water 5s and 6s, due .1900............j N. Y., National City Bk., and Prov.
do 5s, due 1906........................ New York, Nat. City Bank, & Prov.
do 3^s, due 1916.....................
do
do
T O T A L D E B T , S IN K IN G F U N D S , ETC.-On Feb. 1,1893, tlie total
bonded debt of tbe city was $11,076,250, of which the water debt was
$5,983,000. A t the same time the sinking fund amounted to $3,016,672 and the floating debt was $2,324,500. The subjoined statement
shows Providence’s total municipal debt, the sinking fund held by the
city against the same, the water debt, and the city’s floating debt, on
the first of October of each of the last three years.
Oct. 1,1892.
Oct, 1,1891. Oct. 1,1890.
Bonded debt (incl. water d’t).$11,376,250 $10,776,250 $9,091,250
1,598,693
1,528,693
Floating debt.......................... 2,496,193
Total debt......................... $13,872,443
Sinking funds, etc.................
2,993,469
$12,374,943 $10,619,943
2,669,302
2,402,964
Net debt..................................$10,878,974
$9,705,641
$8,216,979
Water debt (included above). $6,674,500
$'6,553,000
..................
The notes representing the floating debt on October 1,1892, were is
sued for and are chargeable to the following accounts:
$63,000
Brook Street district............................................................
342.000
Filling cove basin...............................................................
300.000
Sewerage.............................................................................
124.000
Washington bridge.............................................................
$359,000
Water works construction............................. ..................
332,500
Water works construction, fruit hill line and reservoir.
824,000
Special highway loan........................................................
151,692
State ta x...............................................................................
Total......................................................................................... $2,496,192
Of the total floating debt, as above stated, part will be funded and
part will be provided for by the sinking funds and sale of publio lands.
S IN K IN G F U N D S .- B y 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. Tlie city’s bonds to be can
celed to prevent re-issue.
A p r il,
CONNECTICUT—DEBT O f IT jlT I,
1 8 9 i5 .
The leans, for me* redemption of which sinking funds are held by the
commissioner*, and the amounts of the sinking funds October 1,1892,
are shown by the following table:
War loan, due in 1893....................... . - ...................... $480,276 77
978,023 93
Qty ball and sewer loan, due in 1895.............
.ver loan, due in 1899 .....................
366,312 91
239,322 59
r
du«* hi 1S‘.»9...........................
Public improYement loan, due in 1900....................
71,231 59
584,955 46
Water loan, due in 1900-1906 .......................
Water loan, due in- 1 9 1 6 . ......................- —
......
76,593 31
Dav I* » » fi\ la;ta < 111 i n 1909------ -------------------te
1 •
4,305 15
Sen.-: it.ue dur- in l u l l ............ ............................
18,516 53
44,573 85
Sewer loan due in 1921..... .............. ..... ............. .
Sewer loan, due 192*2.................... ................. .
41,996 49
Park Ion a. due 1922.... ................. — ...........................
41,984 51
Brook Street district sinking fund—
........ ................
615 87
3 5
C IT Y P R O P E R T Y —The city owns real estate and personal prop*
erfcy valued at $764,242.
ASSESSED V A L U A T IO N —The city’s assessed valuation (about 23
actual value) and tax rate for a series of years have been asfollow s:
Real
Personal
Rate o f Tax)
Years,
Estate.
Property.
Total.
per $1,000*
1892.......... ..... $11,361,850
$1,854,010
$13,215,860
$13*50
1891.......... .
10,989,700
1,777,850
12,767,550
13*50
1890................ 8,587,000
1,827,680
10,414,680
13*50
1886................
...........
9,511,185
13*00
1882.......... .
9,083,880
12*20
P O P U L A T IO N —In 1890 population was 20,830; in 1880 it was 16,050; in 1870 it was 11,527.
Total sinking fund* October 1 1892 ......... .................$2,948,708 96
W A T E R W O R K S .—The water works construction account to Oct.
1 1892 anmcmie.i to 86,194,241 52.
In year 1891-92 income from
water runts w :m 8385.565 09; cost o f maintenance $84,782 45; inter
est on w ater loans $300,106.
ASSESSED V A L U A T IO N .—Tbe valuation aud tax rate have been as
follow*, real estate being assessed at “ about two-thirds cash value
ITS
Rate o f
Sm l
Personal
Total
Tux per
Amount
D EBT, RESOURCES, E t c .
Years, Estate.
property.
Valuation. $1,000.
o f Tax.
1892.6114,656360 $10,985,660 $155,542 20 $15 00 $2,333,137 80
1891 ’109.128.720 wr
****' *****'****** 37,473.1*20
t if: <im
146,901.840 15*00
203,527 60 Admitted as a State
One of Original Thirteen140,617,060 15*90 2,109,255 90
1690. 104,684,440 35,032,620
7. . *
140,477,340 15*00 2,107,160 10 Total area of State (square miles)
4,990
1889 102,850,100
1988 100.921.720 35,837,840 136,762,560 15*00 2,051,438 10
1887- 99,779.580 3 4 .2 6 7 ,6 8 0 134.047,200 14*50 1,M3,685 27 State C a p i t a l ..............................................., Hartford
13*50 1,564,933 50 Governor (term expires Jan, ’95)
1880. 88,012,100 27.908.000
Luzon B Morris
93,076,900 13*50 1,236,538 15
1870. 52,511,800 40,565,100
58,131300
5*60
325,538 80 Secretary of State (term expires Jan. ’95) - John J. Phelan
I860
37,1)89,800 21.042.000
tax rate in 1892 of $15*00 netwtod 3tat tax o f $2*20 and city Treasurer (term expires Jan. ’95)
Marvin H, Sanger
tax proper $12*80.
Legislature meets biennially in odd years on the WednesdayP O P U L A T IO N —In 1890 population as 132,013; In 1880 it was
following the first Monday in January. There is no limit on
104,956; In 1870 it was 68,904.
State of Connecticut*
SOUTH K IN G S T O N
the length of the session.
To i l s ' A . A l l e n , T r e a s .
This town Is in 'Washington County.
§
LO A N S —
When Due. { Taxvaktot *nipamo nal .$*>;,183,370
Total valuation 1892.,. 4,860,420
IMFRC*Vim r n t B o I M ■jnt U 0-10
4s, L k b , $100,000., .Be* , 15, 1893 i Assesstneot is 9-10 actual value.
m
...$8'0O
(part do** yeariyi to IJn e. 15, 1921 |T'atnl 1 t (per 91,04
S
«3
___ ___ 1, 1803,.
Total debt, Feb._ H M $100,064) f T'OgfttilkHtin 1890 w
- 4,193
Tax valuation,. re a l......2*677,050 f
d $6,000
The above bond# beeom® duo yearly slit m:imunto o f WSj
alternately. On December 15, 1892, $5,000 wa» taken up.
IN T E R E S T i# payabteby the Rhode Idand ilo ijd ta l Trust <’ompany
nod a t the Tow n Ttes^wrerht office.
W E S T E R L Y . —J. M PcxDueros, Treas.
.
This town It In Washington County.
LO ANSWhen Dm. Total valuation 1892 ..$>.724,970
Total ta x (per # i ,000b.
8*70
F©s tu se Boxgxt—
6a, FJcA, #*5,O00... . . . . . . Feb., 1894 Population In 1891 w a» ..... .6,813
School Dietrie l Mo. 1.
j^LOCH) dim yearlyi to Feb., 189*5
Ft?»i>i’so Boxtws—
4 », JAJ, $30,000 .„. July 1, 191 h
Subject to e%B after July l, 189$ 7*, FA: A, $ 5,000....... 1893 1896
1921
Interest on 6» pey’ U In Westerly 4 %m MAS, 3 5 ,0 0 0 .......
*
Subject to call after 1890
Interest on 1* payable In Provld'e
B n a d b m 1*168a. $16,000 Inttstmt payaWc Its Westerly,
e d *) e t
Floating debt. . , . ......... ..
2*800 Bonded debt Feb. 1,1893 $ 16,000
Total, dewt Feb 1,180:4 . 38,800
WOONSOCKET
k D A N !E L B. FOND, Mayor.
—*> L P. COOK, Treasurer.
Wooneoeket la in Ftovideuoe €
Aside from the foil#w ing oti
.mortgage bond* o f the Wesiasocl
$100,000.
na* W« «««<K;ke t endorsee first
Paaoo>a % BE, to the amount of
- principal,~
Wht w D ie,
(/utstandiny.
Payable,
Dec. 1. 1893
4
J A I)
I $110,000
1, 1903
f# t0*C k yearly.) »!>«
M>
200,000
do
do **B" 1887,. 4
Aug. 1, 1907
FA A
Apr. 1, 1915
Water bonds ...... .. 1885 4
A A O
' 300,000
1,1895
Subject to e
100,000
1. 1916
Wafer works, tond’ sf. tAiH 4
M
100,000
N
Nov. 1, 1911
dotmproveta't 1891
4
M
PAR V A L U E O F BONDS*— The funding *J and “ B " mds are for
?
$1,000 each, the water hands- far $5» 000 each.
LO A N S—
HAm &HQ p u np m t.
falenwf.—
Funding MraaV’A 1884.
**.
IN T E R E S T M payable in W«w e «
T O T A L D E B T , SINKING FU N D , ETC.-Tto* subjoined statement
•Hows WoonsWKsket'* total municipal debt, the sinking fund held by the
1
the tost of DmsvAmt of
n b t,
J W t e K fe w ,
Total debt.......
Deduct .inking
,
Cash uv! unpaid teae
#703,000
48,431
35,580
$734,772 $045,386 $820,980
Net debt... .
#500,000 #300,000 #300,000
Water tl«lrt Mwfwfad ...... .....fOOt
o f the city’s
Tins fojlewia* statement Is » oo»ti»el(«n*lvts m u
i stofu-t for If*, jrwars 1890 to 1s e ll:
wwMnctAP TATBMBSfT.
Yearly
Cash and
Pinking
Planting
Ponded
Interest..
Tuxes Due.
Fund.
Debt.
Debt,
$29,333 90
$640,0*8) 00 .#65,000 00 $46,431 54 $35,380 95
3ft,620 50 41,314 98
28.379 56
Bonded.
035.000 00
20,347 19 24,223 04
18*871 25
470.000 0*) 130*000 00
15.944 76 22,133 37
9.014 01
480.000 00
70.000 00
5.806 01
20.000 00
*490,0*8) 00
11,220 29
22.102 50
200.000 CO
11,810 97
9,172 61
41,846 72
40.000 00
11,408 59
12,690 20
45.000 O
O 30,567 52
11,598 76
10,422 07
20.007 65
45.000 00
11,830 02
8,595 18
10,000 00
40.000 00
f Bonds iiwrewted far water work*
H IS TO R Y O F D E B T Connecticut’s debt history is brief. Its Con
stitution contains no prohibition against the contraction of debt by the
State*, nor against the issues of bonds by the State, nor any restriction
whatever with reference to creating State obligations. And yetw e cannot
find that Connecticut has ever Had any debt from the time o f our Revolutiouftry War down to our Civil War. July 1 ,1861, the State made its
n; - 1 ;--!!<■ Dl bonds, rite amount; being $2,000,000 and the rate of inter
est 6 per cent currency. On January 1 ,1863, on January 1,1864, on
October 1,1804, and on October 1. 1805, further issues were made each
la like amount mul bearing the same interest, and making the total in
debtedness at the latter date $10,000,000. The amount of these State
bonds outstanding on April 1, 1860, was $7,622,500; on January 1,
1871, the amount was #6,899,200. The condition o f Connecticut’s debt
now is as follows:
-Principal,LO ANS- Interest
Outstand’g.
When Due.
NAME AND PURPOSE.
Mate Patfle.
War loan...................1865
Ceased.
Oct. 1,1885
$200
Jan. 1, 1903
500,000
do renewal 1882 c * r 3% J * J
1,000,000
Jan, 1,1903
do
do 1883
r 3i3 J & J
1,740,000
Oct. 1,1910
do
do 1 88 5..... 3
A & 0
PAR V A L U E O F BONDS—The bonds are all for $1,000 o. $10,000*
each,
i N T E R E S T - W HE RE P A Y A B L E—Interest on all bonds is payabl*
at the State* Treasury, Hartford, Conn,
T O T A L D EBT, S IN K IN G FUNDS, ETC.-The subjoined statemen*, shows Connecticut's total debt, and the civil lists deducted from
the same, on each of the dates indicated.
Xoe., 1892, July, 1891. Jidy, 1890. July, 1889.
Total funded debt..... $3,240,200 $3,540,200 $3,740,200 $3,740,200
Civil list funds......... ' 924,417
984,076
897,674
530,372*
Set debt............. $2,315,783 $2,556,124 $2,842,526 *3,209,828
D E B T L IM IT A T IO N .—The Constitution of Connecticut contains but
a single provision restricting the debt-making power, The provision
Article 25, and was adopted as an amendment in 1877 We give the
article in fu ll:
No County, Citv. Town. Borough or other Municipality, shall ever
subscribe to the capital stock o f any railroad corporation, orbecomethe
purchaser of the bonds, or make donation to, or loan its credit in aid o f.
ally- such corporation: but nothing herein contained shall affect the
validit v of any bonds or debts incurred under existing laws, nor be con
strued to prohibit the General Assembly from authorising any I own
or City to protect by additional appropiations o f money or credit any
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;
whatever restrictions have been made from time to time are contained
in enabling acts and in city charters.
As to towns, we notice that there is a general law granting them un
limited power to issue bonds. According to section 140, chapter 23 o f
the Bc\ isod Statutes, “ when any town shall have made appropriations
“ or incurred debts, or shall hereafter make appropriations or incur
* debts exceeding ten thousand dollars, it may issue bonds, either regis<
■tern! or with coupons attached, or other obligations, payable at such
* rimes and at suoh annual rate o f interest not exceeding 6 per cent.
*
“ payable annually or semi-annually, as it shall determine,” Ac. Cities
have hud 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 now bonds issued
for the purpose of redeeming or providing a fund to redeem the railroad
aid bonds above referred to. This exemption is found in Section 3,820.
Chapter 241 of the Revised Statutes (last clause of Section), and the
bonds there named are those “ issued by any town or city in aid of the
" construction of the railroads of the Connecticut Western Railroad
•• Company, the New Haven Middletown & Willimantio Railroad Com“ pany, the fihepaug Valley Railroad Company, the Connecticut Valley
36
ST^T £ / W
Yol. LVI.
CITY S U f f L E M ^ N T
“ Railroad Co., the Connecticut Central Railroad Company, or either of
“ them.” A ll railroads which arc in whole or in part in the State are
taxed by the State under Section 3,920, Chapter 244 of the Revised
Statutes, so that the tax on these bonds is paid by the railroads
Exemption fro m tax of new bonds issued to redeem or to provide a fund
to redeem the railroad aid bonds, or to redeem or to provide a fund to
redeem any reissue of the same, is conferred fully by an act approved
June 19, 1889, and found in the “ Public Acts” of the State for that
year.
P O P U L A T IO N O F S T A T E - — As in the case of some of the other
New England States, population in Connecticut during the last few
decades has been growing faster than in the earlier decades. Between
1790 and 1800 the aggregate increased but very slightly, or from
237,946 to 251,002; during the next fifty years the total addition was
not quite 50 per cent, the 1850 Census showing a population of
370,792. In the forty years since then, however, the population has
more than doubled, being reported for 1890, 746,258
1890.................746,258 I 1860................460,147 1830.................297,675
1880.................622,700 1850................370,792 1820.................275,148
1870.................537,454 | 1840................309,978 1810.................261,942
In the 1860-70 decade, the increase in numbers was 16*80 per cent;
In 1870-80 15*86 per cent; and in 1880-90 19*84 per cent,
S A V IN G S B A N K S IN V E S T M E N T S -P R IV IL E G E S A N D R E
S T R IC T IO N S .— The statutory provisions regulating the investment of
the deposits of savings banks of Connecticut are mainly contained in
section 1,800 of the General Statutes of the State. It seems that this
section was re-modeled and the list of securities enlarged in 1889.
The amending act was entitled “ A n Act concerning Savings Banks,”
and is as follows. The separation into paragraphs and the figures in
brackets which number and begin the paragraphs, we have inserted so
that- those who need to refer to or use any particular portion of the sec
tion can more readily find the part desired; otherwise we give
the section as it reads and was passed, preserving even the punctua
tion.
Section 1,800 of the General Statutes is hereby amended to read as
follows: Savings banks may employ
(1) Not exceeding half their deposits in making loans on personal se
curity
(2) And in the purchase of the public stocks and bonds of the United
States, of any of the New England States, of the States of New York,
New Jersey, Pennsylvania, Ohio, Kentucky, Michigan, Indiana, Illinois,
Wisconsin, Iowa, Minnesota, Missouri, Kansas, Nebraska, or Colorado,
or of tlje District of Columbia;
(3) In the authorized bonds of any incorporated city in the New
England States, of the cities of New York, Brooklyn, Albany, Syracuse,
Utica, Troy, Rochester, and Buffalo in the State of New York, Philadel
phia in the State of Pennsylvania, Detroit in the State of Michigan;
Cleveland, Columbus, Dayton, and Cincinnati in the State of Ohio;
Chicago in the State of Illinois; Milwaukee in the State of Wisconsin,
and St. Louis in the State of Missouri;
(4) Or of any town or borough of this State;
«<5) Or in the purchase of the authorized bonds or promissory notes of
counties, cities, towns, boroughs, and school districts of this State;
(6) Or the authorized bonds of any other incorporated city of not less
than thirty thousand inhabitants, as ascertained by the United States
Census, or State census made next preceding such investment in any of
the aforesaid States, whose indebtedness upon its stocks and bonds, in
cluding the issue in which such investment is made and its proportion
of town and county debts, does not exceed eight per centum of the valu
ation of such property made for the assessment of taxes next preceding
such investment; prodded said city has not defaulted payment of its
debts within fifteen years next preceding the passage of this act;
(7) Or the stock of any bank in this State, New York City, or Boston;
(8) Or the stock of any trust company in this State;
(9) And the first mortgage bonds of any railroad company located in
any of the States aforesaid, which has paid dividends of not less than
five per centum per annum regularly on .its entire capital stock for a
period of not less than ffve years next previous to the purchase of such
bonds; provided said capital stock equals or exceeds in amount the
entire issue of said bonds;
(10) Or the consolidated bonds of any railroad company incorporated
by this State, and authorized to issue such bonds to retire the entire
bonded debt of said company; provided, said company has paid
dividends, as aforesaid;
(11) And all other loans shall be secured by mortgage of unen
cumbered real estate in this State, worth double the amount of the loan
secured thereon; provided that the Stafford Savings Bank of the town
of Stafford, and the Stonington Savings Bank of the town of Stonington, may loan, the former on land located in the county of Hampden
in the State of Massachusetts, the latter on land in the county of Wash
ington in the State of Rhode Island.
I t would seem according to the foregoing section (1,800) that “ not
exceeding one-half ” of the deposits of any savings bank may be employed
on personal security and in the purchase of the bonds, obligations,
stocks and railroad mortgages specified; “ that all other loans” (to the
extent presumably o f the other h a lf o f the deposits) must be secured by
mortgage on unencumbered real estate, &c. In other words, here are
two classes of loans mentioned, each of which is entitled to one-half of
the deposits.
Th a t is the division which section 1,800 makes. But according to
section 1,802 passed in 1887 the division thusmadcis materially changed.
Section 1,802 is as follows:
Se c . 1,802. Loans and investments by savings banks in United States
bonds, in bonds of this State, or in the obligations of any of the counties,
4owns, cities, boroughs, and school districts of this State, or in the bonds
of any of the States or cities whose bonds savings banks are allowed by
law to purchase, may be classed with loans upon real estate for the
purpose of determining the proportion of loans required upon such
estate.
If we are to interpret the foregoing section (1,802) as modifying in
legal effect the previous section cited (1,800), as it apparently does,
then the half of the deposits referred to first in section 1,800 “ may”
now be employed wholly (1) oil personal security, (2) for investment
in the stock of any bank in Connecticut, in New York City, or in Bos
ton, (3) in the stock of any trust company in Connecticut, or (4) in the
first mortgage bonds of any railroad which has paid the required divU
dends and is located in the States named; while the other half of the
deposits must (“ shall”) be put out (1) on mortgage on unencumbered
real estate, etc., or (2) invested in the securities referred to in section
1.802.
It is a curious fact, however, that when section 1,800 of the General
Statutes was remodeled in June, 1889, and put into the shape in
which it ajjpoars above, that section 1,802 was a part of these
General Statutes, having been passed in 1887. Consequently when the
Legislature was making the division as to investments provided in sec
tion 1,800, there was in a following section another division wliieli
nullified in an important particular the division then being made.
The subjoined sections, 1,803,1,804,1,805 and 1,806, provide certain
restrictions with reference to loans— section 1,803 restricting loans on
Mortgage Security to Manufacturing Corporations and Ecclesiastica
Societies; section 1,804 restricting amount of loans on Personal Secur-1
it y ; section 1,805 forbidding loans on single-name paper.
Se c . 1,803. No loan shall be made by any savings bank to a manu
facturing corporation or ecclesiastical society, secured by mortgage
upon tlieir 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 bauk consenting to any loan
contrary to the provisions of this section shall be held individually
responsible to the full extent of such loan.
S e c . 1,804. 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.
Se c . 1,805. No savings bank shall buy, or lend any money upon, any
obligation on which only one person or firm shall be holdcn, without
taking additional security for the same equivalent to the guaranty or
indorsement of some other responsible party.
Besides the ordinary safeguards which are in all savings bank law a
there is one of no little importance that ought to aid materially in pre
venting incautious loans. We refer to the provision which is con
tained in Section 1,806 below.
Sec. 1,806.— When any loan or investment is made by any savings
bank, the names of 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 p rim a facie evidence of the
truth of the statements therein contained.
T R U S T F U N D S — H O W L O A N E D O R 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.
S ec . 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
of this State, or of any town, city, or borough of this State, or m any
bonds, stocks, or other securities which the savings banks in this State
are or m.ay be authorized by law to invest in, or may be deposited m
savings banks incorporated by this State.
B A N K S -N A T IO N A L , S T A T E A N D S A V IN G S I N S T IT U T IO N S .
— There lias been no change in the number of banks, either State or
national, since 1885, anti while the amount of capital in the interval
has decreased, both surplus and deposits have increased, the latter
very decidedly.
-1885.-1892.National.
Slate.
National.
State.
Connecticut .
(Dec. 9, ’92.) (Ocf.1,’92.) (Dec. 24.)
(Oct. 1.)
Number of banks............... 84
8
84
Capital.......................... 822,999,370 $2,340,000 $24,921,820 $2,500,000
Surplus and profits....... 10,830,764
706,057 9,008,793
417,6o7
Deposits, iudividuai--. 33,308,360 4,792,373 24,596,704 3,318,233
The 92 national and State banks thus have an aggregate capital of
$25,339,370, aggregate deposits of $38,100,733, and surplus and un
divided profits of $11,536,821. In addition there were 10 loan and
trust companies October 1892, with $1,161,600 capital, $4,576,19 ,
deposits and $614,058 surplus. In savings hank deposits the State
holds a prominent place for large totals, as may be seen from the fol
lowing.
1880.
1876.
1892.
1885.
Oct. 1.
Jan.
Oct. 1.
Oct. 1.
Savings Banks.
85
87
88
84
No. of banks............
213,913
208,030
331,061
256,097
No. of depositors-..
$130,686,729 $92,481,425 $76,518,571 $76,489,310
Amt. of deposits_
_
3,254,566 2,392,500
7,868,744 4,602,876
Surplus and profits.
358
368
394
361
Av. each deposit...
Since 1880, it will bo observed, deposits have grown from $76,518,571 to $130,686,729, while the number of depositors has risen from
213,913 to no less than 331,061.
Cities , Counties an d T owns
IN THE
S T A T E OF C O N N E C T IC U TTlie 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 (having an indebtedness of only
$129,655), and these counties are made up of towns, numbering in the
aggregate 167. The towns are the civil unit, and on the assessed valua
tion (which is called the “ Grand List) of each tow n” is levied the
tax for State purposes as well as the tax for town expenditures. The
towns on October 1,1892, had a total indebtedness, as appears from
the table appended, of $11,861,269, of which $9,412,447 was funded.
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. Thus Hartford city and Hartford town are the same
in area, but town and city have a separate corporate existence and
each issues its own bonds. New London town and city are also
coextensive, and Bridgeport town and city have recently been con
solidated. In general, however, town and city are distinct, New Haven
city, for instance, making no mention in its financial report of the debt
of New Haven town, though there is no difference in the extent of
town and city. The city indebtedness of the whole State, as indicated
below, is $7,046,189.
April, 1893.
C01W£CT1CUT-CITI£8
37
TOWNS.
Tit.- borough stood? m about the same relation to the town as does
B R I S T O L . — 0. S. T r e a d w a y , Treasurer.
the city. In Norw.dk town ire find both the borough of Norwalk and
This town is situated in Hartford County.
the city ot itouth Norwalk. There are 2d boroughs and they have an
LOANS—
When Due. Floating debt...............
$51,410
indebtedm aa oi $1,589,94$. The subjoined statement gives the total
F unding B onds121,410
Total debt. .............
debts, etc., Oowber 1.1892, of all the towns, cities and boroughs and 48, J&J, $38,000....... Jan. 2,1898 Sinking funds...............
2,890
(part each5th year) to Jan.2,1908 Net debt April 1,1893..
118,520
counties iu Connecticut, and the grand list, October 1 ,1891.
H igh School B onds—
T ax valuation 1892___ 3,819,382
4s, J&J, $32,000....... Jan. 1, 1896 Tow n tax (per $1,000).
$15-00
(part each 5th year) to Jan. 1,1911 Population in 1890 w as....... 7,382
Interest paid at Bristol Hat. Bk. Population in 1880 w a s ......5,347
Bonded debt Ap ril 1,1893 .$70,000
S r S IM lR V O F M f S l C t P . l t INDEBTEI/S'ESS, ASSESSED Y A L C A I I O K , &o.
'T&ietts by
CaunUes.
Hartford.........
New H aven .. ..
Hew London. - Fairfield. . . . . . .
Windham........
Litchfield......
SOddtett&st .....
Tollan d-- - ___
Iowa?.
CUte*..
Boron t BS
Coii.ttt.Ie
Total fun’d Total float.
inuebt.
debt.
Total Ain’t raised Grand list
debt, by taxation. Oct. 1 1S91.
1,048,3*27 4054)66 2,354,293
----------409,210 2,170,017
1,760,806
1,347,704 232,650 1,580,353
1,942,361 930,762 2,873,623
242,727
85,030 157,697
512.424 141,229
653,654
1,489,600
99,404 1,589,004
325,695
71,903
397,598
71l?660
'47,874
424,532
999,928
179,783
327,745
240,83S
134,074
92,133.946
“““
100,484,985
37,357,897
70,608,018
18,005,013
27,137.069
18,609,877
8,537,642
C H A T H A M — W. W. B
H a r k h a m , Treasurer.
This town is in Middlesex County.
$25*00
LO A N S —
When Due. T ax rate (per $1,000)...
BB. bonds, $112,000..1911 & 1912 Population in 1890 was........ 1,949
Total debt March 1.1893.$122,000 Population in 1880 w as.. — 1,967
Tax valuation 1892......... 651,811 Population in 1870 w as........2,771
). 112.4 17 2,446,821 11,361,269 3,766,434 372,874,447
.,573,500 1,472,689 7,046,189 1,877,77$ ................
,037,885 552,001 1.589,945 212,669 ................
...........
...........
129,655
29,742 ............... !
CO LCH ESTER—
0 . H. D a w l e y , Town Clerk.
This town is situated in N ew London County.
LOANS—
When Due. j Assessment about H actual value.
Town, bonds, $62,000,1893 to 1902 |T ax rate (per $1,000)....
$15*00
Total debt Jan. 1.1893.. $62,000 j Population in 1890 w a s..... .2,988
T ax valuation 1892_____ 978,209 |Population in 1880 was....... 2,974
Total............16,023,832 4,473,571 20,627,058 5,886,618 372,874.447
The cruiitl list as determined for the town is used by both, the
i # y a d the boroogli in levyin g taxes, the city, for instance, putting a
tax of its own on its share of the total grand list o f the town. This tax
U.mh\ 'tonal to the town tax. Is some instances the schools are in the
etarg* of school districts, which also are empowered to- issue bonds
levy a tax, m that to cover the total tax paid by a city it is
JUKI to U
ury to lake into account the State, town, city and school district
la
tevi.ee. . the statements which follow we give tinder one heading the
1
ml
town am rtty, wherever they bear the same name-, for though distinct
e©.rporat as, their debts are to a greater or less extent the debts o f a
m-wntty.
i i f i g t e ee
ASSESSED V A L U A T IO N , •The total assessed valuation o f the
towns and the tax rate thereon aave been ns follow s:
Tmtm
Male o f Tax
d r a m i L ist
per $1,000.
$37 2, H74.447
$ . ......
1891..
358,913,006
1889. .
354,557,515
1*00
J8S* o
352,795,028
1*25
1887..
349,177,597
2*00
1885..
|D A N B U R Y
j
Mayor.
A N S O N 1A — K. IF. T uckbr, Town Clerk.
j
!
I
*
1
,
:
Conn ty, and Inn hides the teerongh o i the
■ Haven <
Thte town m to
m m * munt. which hm» a »ep&rutie <k«bj.
When I HlSr I To wu raS tuition 1892... J83,109,125
LO A N S
Buirough valuation 133. 2,348,780
fOW.S <j"H l* BOfflMr*
■
j mn. U ! ii 12 1A*mmu.i«m i 40 p. <*o f m tttfil value.
$10n iu'Hi
©all after'. Jan. l, 3
*902 I To wn tm z ijMsr $1,000) ... ... .$15*00
Sttbte'tto
%
700
Boiftniglt ti% . . . . . . . . „ _. , .....
B o so truii B onds —
G
fJO
...u toe l!BOB , Po
m in 1800_____ .... 10,342
An,
1P « tmlati*>n in 4880 was ........3,855
...
1*803
Borough del >t 1893 .. . .. . 75j(WO |
B I R M i N G H A M . - -A . j . E w e x , Clerk
ow
Biimlngham is a boi'wtigii to tli« % it o f D erhy, New H av cn County
Wkm l
Tomu an *1 te*r«uifh tax
LO A N S
M
t fH $ i , M . . . . . . . . . .
$17*00
*.r ,<U .h.
Botou
-uate $60,00to. . . . . . . I!S te
Total debt Ji & 3 . ] m 3.. $104, 618 JPfiipfiluti-cm to l m o wan ....... 1,413
vnlu.vit-1m 1801,,. .... 1,708*727 ! Pciitolatoon in 1880 w » » ........3,026
B L O O M F I E L D — T . B. M i l
reasurer.
(City and Town.)— L. L eg band ,
The City of Danbury is situated in Danbury Town, Fairfield County.
! The; town and city are separate corporations and the debts o f both
I are given below.
LO AN S—
When Due. City debt Oct. 1,1892... $563,893
C it y B onds—W a t e r & P a v in g — T ax valuation 1891........7,292,616
$10*00
I .......... $424,000......1895-1920 Tax rate (per $1.000)___
I Floating debt............... ..$139,893 Population in 1890 w as.— 16,552
1 Notes................. . ..... . .. . 158,000 Population in 1880 w as...... 11,666
Population in 1870 w as. .... 8,753
| T o w n D ebt—
i N o te s ............. ...........
5,000
D E R B Y .—
C h a r l e s E. C l a r k , Treasurer.
The town o i Derby » situated in S ew Haven County. This town in
clude. the borough of Birmingham, which has a separate debt, as given
previously.
T O T A L D E B T is in the shape of town orders; average rate o f interest. . ■ p ercent; amount outstanding October 1,1892, was $53,114.
ASSESSED V A L U A T IO N on the 1st of October, 1891, o f real estate
was $1,1*9,380; o f personal property, $471,844; total, $1,961,224;
town tax (per $1,000), $10 00.
P O P U L A T IO N .—Population (including borough of Birmingham) in
1 V:M -v -j. 5,009; in 1880 (including boroughs of Ansonia and BirmingI ,
lumi was 11,650; in 1870 was 8,020.
E A S T H A R T F O R D — J. 0.
Clerk.
This town, is In Hartford County.
LOANS—
When Due.
BftibOE bonds —
3’6e. AAO, $39,000 ...Oct. 1,1919
Subject to call after Oct. 1,1899
T ow n Bonds —
4m, AAO. $21,000,......Apr. 1 , 1893
($3,000 due yearly) to Apr. 1,1899
Bonded debt Feb., 1893,..$60,600
Floating d e b t................. 27,550
G o o d w in ,
Town
Total debt Feb,, 1893.... $88,150
Available assets............
4,379
Valuation, real....... .......2,192,183
Valuation, personal.. —
607,563
Tax valuation 1892....... 2 ,699,746
Assessment about % actual value.
Tax rate (per $1,000)........$12-50
Population in 1890 was....... 4,455
Population in 1880 w as....... 3,500
Thte town te utttmtod la Hartford County.
mi i1a. $32,900 . im
-
Floating debt. 4 h ..........
Total debt Jam 1, 1803
rate f rwr 8LOOO)____ $16*00
» Utot j T
i 1890 was....... 1,308
12,01X1 ; i iipt]
M
i 1880 was....... 1.346 !
65,0 0 0 ; r *IJ
E N F I E L D . — R. E. S pences , Treasurer.
Tills town is in Hartford County.
LO ANS—
When Due.
T o w s Bosus—
4s, MAN, $20,000..... May 1, 1891
Is, MAX. 40.000..... May 1,1909
Total debt Feb. 1, 1893....$1*0,000
Tux valuation 1892... .$2,701,719
Assessment about hj aotnal value.
T ax rate (per $1,000)........... 12-00
Population 1890 was......7,199
Population 1880 was............ 6,755
M a iiiO O I.D , M a v o r .
— W m . II
BrtdicojMYrt im in Fairfield fCouiuy. In 18894K) the town and city o f
m t wmm m nm Uduir d, the eit r aasunning the town's debt.
E S S E X , — -This town is in Middlesex County.
■ iainrtM*.
—
LOANSHue. " Outstand' y. j
Wh
tSr.
NAME AND PURPOSE*
LO AN S™
When Due. I T ax valuation 1891___$1,016,624
$150,000
July I, 1900
J A J
City fundmi? termite........... 7
B.ULiui.vrj B osks —
|T ax rate (per $1,000)...
15-00
150,000
July I, 1008
f*
J 4 J
Munich pal bond*
*18.000................. 1911 I Population 1890 was............. 2,035
125,000 Total debt Oft. 1.1892___$48,000 |Population 1880 was............. 1,855
July 1, 1015
do
do
3% J A J
400,000
July l, 1919
4
1 4 J
C#r|«ra(e bowl;
M m
. .. . . . . . .
93,000
City n o t e # ....... .
150,000 F A I R F I E L D .— This town is in Fairfield County.
July 1, 1018
Coort’-Hcru**? (town terntteh 4% J A J
ubjeet to eal! after J uly 1, 1903.
LO ANSWhen Due. Total debt Oct. 1,1892.. $111,400
150,000
Join 1, 1910
t
J & j
do
Tax valuation 1891........2,219,119
Tow n B onds—
toMeet to call after June 1,1000.
12-00
... $80.000........ 1895-1925 Tax rate (per $1,000)---290,000
Town note.
Population 1890 was............ 3,868
19,000 Bonded debt Oct. 1 ,18 9 2 ..$80,000
Borough o f w e*t Stratford i
{4
........
................
3.000 Floating debt................... 31,400 Population 1880 was............ 3,748
note. ............
T O T A L D E B T - T h e total city and town debt on October 1,1892,
was $1,705,008, and it h w stood at the same amount for the past three F A I R F I E L D C O . — W . 0. Q u i u t a b d , Treasurer.
y e « - The Seating debt included In the total Is $-105,008.
County seats are Bridgeport and Danbm-y.
$20,000
LO ANSDue. Floating debt...............
C IT Y P R O P E R T Y . The city owns property (parks, buildings, etc.)
J a il Bonds—
„ „ Tax valuation 1891......68,667,740
w
hich it ♦whir-, at 81.037,720.
■Is, J&J, $60,000....... July 1, 1909 Assessment about k? actual value.
Subject to call after July 1,1899 Population in 1890 was— 150,081
D E B T L IM IT A T IO N .—Tile city's debt Having lucre,iced rather rapetiy #
Population in 1880 was— 112,042
t absolutely forbidding Bonded debt Jan. 1,1893. .$60,000
id ir an amendment to the charter «
*’ the contraction of any liabilities beyond the revenues already pro.This town is in Hartford County.
G L A S T O N B U R Y .sided ’•
Floating debt Get. 1/92. $71,821 I Tax rate /per $1,000)..........15*00
icdl valuation has been T ax valuation 1893 — ..1,053,929 Population 1890 was........... 3,457
ASSESSED V A L U A T IO N .- Tli oity's
a# follows:
TOTA h ORAND LIST,
G R E E N W I C H — H i r a m J u n e , Town Treasurer,
TfjrtrM,
Tears.
................ $10,110,855
1887
1887....
w m ..............
This town is in Fairfield County.
.... 11,620,207
1000................ ......... 24,012,457 11880. ...
LO A N S —
When Due. I Town debt J an, 1893..... $220,9oO
.... 12,180,873
1#S0.
. . . .. .. 21.942,142 ! 1870___
T own Bonds.—
|Tax valuation 1891........5,222J>61
............
7,988,442 4, , J&J, $160,000...... July 1.1897 I Tax rate (per $1*000)-...
1
t s m ............. ......... 10,764,414 ; I860....
5
$12'50
Town not'**
......... $60,950 I Population m 1890 was...... 10,13g
The tax rate in 1891 waa $14*00 per $1,000.
Borough notes. . . . . . ___... 43,943 I Population in 1880 was...... Z»|02
P O P U L A TIO N .— In 1890 population was 18,856; in 1880 it was
Interest paid at Town Treasury. I Population in 1870 w a s..... 7,644
27,643 (Incindiug town, 29.148U in 1870 it was 18,069.
38
STATE Afl» CITY $UffL£M*flT.
G R O T O N . — J. 0. F ish , Treasurer.
Groton is in Now London County.
LOANS—
TfVieii Due. Floating debt................... $35,185
Total debt Jan., 1893....
86.685
WAR DEBT—
6s, A&O, $6,500........... April, 1893 Tax valuation, veal........ 1,494,439
(Small amts, yearly) to April, 1896 Tax valuation, personal. 426,723
Total valuation 1892___ 1,921,162
R efunding —
t
act’l value.
4s, M&N, $<15,000.......May 1, 1899 Asscssm’t from H to
($5,000 biennially) to May 1,1915 Total tax (per $1,000).........$12-50
Bonded debt Jan., 1893.... $51,500 Population 1890 was........... 5,539
I N T E R E S T on tbe 6s is paid by the Mystic River National Bank at
Mystic; on (be 4s by tile Town Treasurer.
T T a q T ’t m D n
( W IL L IA M W ALD O H Y D E , Mayor.
r i A n l 1 K_J l x 1.J.— ) (• c STRONG, Treasurer.
Tbe town and city of Hartford, in tbe county of tbe same name, al
though identical in area, have separate governments and separate
debts. The debts of both are given below.
Vol. LYI
AS S E S S E D V A L U A T I O N . — Assessed valuation in 1890 was $10,646,733; tax rate (per $1,000), $11-00. The town of Meriden in 1891
had a grand list of $12,196,152, against $10,408,442 iu 1887; tax
rate, $10 00 per $1,000.
P O P U L A T I O N . — Population of Meriden City in 1890 was 21,652;
in 1880 was 15,540. Population of Meriden town, including tbe city,
was in 1890 25,423; til 1880, 18,310; in 1870, 10,495.
M I D D L E F I E L D . — L ym an A. M ills , Treasurer.
This town is in Middlesex County.
LOANS—
When Due. I Ta x rate (per $1,000)..........$17 00
RR. bonds, $48,000, part yearly. |Population in 1890 was...... 1,002*
928
Total debt Mar., 1893.......$49,508 I Population in 1880 was......
Tax valuation 1892...........523,976 | Population in 1870 was...... 1,05$
M I D D L E T O W N . — D. L uther R iggs, Mayor.
Middletown City is situated in the town of Middletown, Middlesex
Ci t y o r H a r t f o r d D e b t :
County. The city and town are distinct corporations, and the debts of
Capitol.................. ...1872 6
J & J
Jan. 1, 1897
$1,000,000
Jan. 1, 1893
300,000 both are given below:
J & J
Funded debt........ ...1868 6
var.
289,844
Demand
Temporary loans. ........... 4 & 5
---------- Prin cip a l. ----------- v
LO AN S/ Interest.— s
—
Water..................... ............ 6
j & j
Ju ly 1, 1893
125,000 NAME AND PURPOSE.
When Hue. Outstand'g^
Rate. Payable.
Jan. 1, 1895
100,000
do ..................... ........... 6
J & J
Cit y of M iddletown D ebt :
Aug. 1, 1899
202,000 Funded debt bonds, 1874........ 7
do ..................... ........... 6
F & A
A & O Oct. 1, 1894 $25,000
J & J
48,000
Ju ly 1, 1900
do .....................
do
do (reissued), 1889. 4
A & O
Oct. 1, 1909
25,000
do ..................... ........... 5
J & J
Ju ly 1, 1906
45,000
M & N Nov. 1, 1914
25,000
do
do 1884.................... 4
On demand.
do (temporary loans).. 4 & 5 var.
250,000 Sewer bonds, 1872-74.............. 6
J& D
Dec. 1, 1901
53,000
T own of H artford D ebt :
Water bonds, 1866-72.............. 6
J & J Jan. 1, 1896
64,000J & J
Ju ly 1, 1909
750.000
Consolidated*....... .1889. 3
do
do
1883................... 4
M & N May 1, 1908
20,000
Ju ly 1, 1905)
Refunding*.......... .1880. 4% J & J
do
do
1885................. . 3-65 J & J Ju ly 1, 1915
55,000
450.000
Subject to call after Ju ly 1, 1890 s
T own of M iddletown D ebt . (Exempt from taxation):
10,000 Railroad bonds.......................... 4 F & A Aug. 1, 1910
W a r...................... .1863. 6
j & j
Jan. 1, 1893
244.000
On demand
35,581
Tow n notes........... .......41s, 5 & 6
4 J & J Jan. 1, 1894
do
300.000
$20,000 due yearly to Jan. 1, 1908
* Non-taxable.
do
..........................3*65 J & D June 1, 1909
340.000
PAR V A L U E O F B O N D S .— The city’s bonds are all for $1,000
T O T A L D E B T , E t c .— T otal city debt on Jan. 1, 1893, wa&
each.
$322,000, including floating debt, $55,000, and water debt, $139,000.
I N T E R E S T — W H ER E P A Y A B L E .— The city bonds all have interest The town debt at the same date was $884,000. The city debt in 1888
payable at tbe city treasury; tbe town bonds at tbe town treasury.
was $267,000 ; town debt, $1,057,910.
T O T A L D E B T , S IN K IN G F U N D S , E t c .— T he subjoined state
W A T E R W O R K S — The net income of the water department for
ment shows Hartford’s total municipal debt, tbe sinking fund held by 1893 is estimated at $18,300. The cost of the water works was $255,tbe city against tbe same, tbe water debt, and tbe city’s floating debt, 580. The net water debt on March 1,1892, was $106,000.
on the first of April, 1890,1891 and 1892; also the town’s debt and
A S S E S S E D V A L U A T IO N — The city’s tax valuation in 1892 is
sinking fund on October 1,1890,1891 and 1892.
$5,775,000; in 1888 it was $5,629,343. The town’s valuation in 1892
1892.
1891.
1890.
in $8,512,000; in 1888 it was $8,225,655. The total city and town tax
Total debt (including w a te r)...$2,359,844
$2,342,844 $2,879,883
Assets (see below).....................
607,224
551,191
986,765 for 1892 is $17-00 per $1,000.
P O P U L A T I O N — Population of Middletown City in 1890 was 9,018 ;
$1,791,652
$1,883,118 in 1880 it was 6,826; in 1870 it was 6,923.
Net city debt on April 1___$1,752,620
Water debt included above...........................770,000
752,000
797,000
Population of town, including city, in 1890 was 15,205 ; in 1880 was
Temporary loans included.......................... 289,844
289,844
282,883
Total town debt (additional).. .$1,245,581
$1,257,081
$1,323,681 11,732; in 1870 11,126.
Assets (see below)...........................247,212
210,650
238,642
M O N T V I L L E .— This town is in New London County.
Net town debt on October 1..$998,369
$1,046,431
$1,085,039
LO AN S—
When Due. Total debt Oct. 1, 1892.. $54,857
Tbe city’s assets as given above for 1892 include sinking fund
Tax valuation 1891......... 1,021,302
Wa r , E tc .
proper $489,642; other assets, $117,582. Tbe assets of tbe town in ................$30,000..................... 1904 Tax rate (per $1,000)----16*00
Bonded debt Oct. 1, 1892. .$30,000 Population 1890 was............. 2,344
clude sinking fund, $42,927; taxes due, $48,650, and cash, $155,635.
Floating debt...................... 24,857 Population 1880 was............. 2.664
A S S E S S E D V A L U A T IO N .— The city’s assessed valuation and tax
rate have been as follows:
N A U G A T U C K . — A rthur A. D a y t o n . Treas.
Tears.
Seal Estate. Personal Property.
Total.
Tax Sate.
This town is in New Haven County.
1890........... $30,596,238
$16,629,086
$47,225,324
s 20-50
1889........... 30,171,885
16,048,479
46,220,364
20-50
LO AN S—
When Due. Tax valuation 1892....$2,800,0001888........... 27,847,349
19,500,122
47,347,471
20-50
Tax'rate (per $1,000)..
1000
R efunding B onds—
P O P U L A T IO N .— In 1890population of tbe town, including the oity 4s, A&O, $100,000...A pril 1, 1912 Population in 1890 was.........6,218
Total debt Mar. 1893...... $114,647 Population in 1880 was.........4,274
was 53,230; in 1880 it was 42,553; in 1870 it was 37,743.
K . 11,1 , 1N G L Y .— This town is in Windham County
LO AN S—
When Due.
H ighw ays , E tc.—
................$38,713....................... a ...
Bonded debt Oct. 1, 1892..$38,713
Floating debt...................... 31,299
Total debt Oct. 1,1892. $70,012
Tax valuation 1891...... 2,186,831
Tax rate (per $1,000)...
15-00
Population 1890 w as...
..7,027
..6,921
Population 1880 w as...
L I T C H F I E L D . — G. M. W oodruff, Treasurer.
Litclilleld Village is the capital of Litchfield County.
LO AN S—
When Due , Bonded debt Jan., ’93_
_ $80,000
Court H ouse—
Floating debt...................
6,472
3s, Jan. 6, $1,50Q...On demand Total debt Jan., 1893___
86,472
os, N o v.23, 1,472...On demand Tax valuation, real........ 1,369,517
4*28, Ju ly 28, 3,500... On demand Tax valuation, personal. 626,374
R ailroad Bonds—
Total valuation 1892___ 1,995,891
6s, J& D , $20,000.......June 1, 1901 Assessment about ^ actual value.
68, J& D , 20,000.......June 1, 1906 Total tax (per $1,000)...
$15-00
6s, J& D , 20,000...... June 1, 1911
5s, J& D, 20,000.......June 1, 1896
Interest is payable in Litchfield.
Bonds are all tax free.
Bonds are all subject to call five years before date of maturity.
P O P U L A T IO N .— Population, including borough, in 1890 was 3,304;
ki 1880 was 3,410; in 1870 was 3,113.
A.
RA
M E R I D E N . - - 5 H E W.MTA N C Y , Mavor. Clerk.
(
R
HESS, City
The town and city of Meriden are in New Haven County. During
this year Meriden will probably issue water bonds to tbe amount of
$200,000 and $150,000 of sewer bonds.
LO AN S—
< Interest.— ,
—
<
-------------P rin cip a l. -----------NAME AND PURPOSE.
Sate. Payable.
When Due. Outstand’a.
Cit y op M eriden B onds—
T SJu ly, 1893, to ’99 ) $70,000
City improve’t bonds.1876 6
„
J ) $10,000yearly (
Water bonds........................ 3*2 J & D
June 1,1893
160,000
$20,000 due yearly to June 1,1901
T own op M eriden B onds—
War and High School........ 6 & 4 ia .........
1893 to 1912
280,000
Funding bonds................... 4
J & J
Jan. 1, 1912
40,000
Subject to call after Jan. 1,1902
I N T E R E S T — W H E R E P A Y A B L E .— Interest on bonds is payable iu
New York at Fourth National Bank.
T O T A L D E B T , E T C .-O n December 1, 1892, the city’s total debt
was $540,725; water debt included, $360,000, and floating debt also
Included in above total, $310,725.
The town’s total debt on Jan. 1,1893, was $320,000.
B R I T A I N . — George W alsh , Mayor.
The oity of New Britain is situated iu Hartford County. The town
and city have separate debts, as shown below.
Cit y of N ew B r ita in D ebt :
LO AN SWhen Due.
LO AN S—
When Due.
Water Bonds—
Cit y B onds48, J& J, $15,000.......Ju ly 1, 1913 7s, J& J, $50,000........ Ju ly 1,1894
7s, J& J, 25,000.........Ju ly 1, 1896
Sew er Bonds—
" --------------Ju ly 1, 1898
7s, J&.7, $130,000... .J u ly 1,1899 7s, J& J, 46,000.
Ju ly 1, 1909
4s, J & J ,
20,000... - J u ly 1, 1899 4s, J& J, 30,000 .
3s, J & J ,
15,000 . . . J u ly 1,1913 Is, J& J, 20,000........ Ju ly 1, 1909
T own of N ew B r itain D ebt :
Tow n bonds................................... .
due in 1894 & 1911 $175,000
T O T A L D E B T .— The total city debt on Oet. 1,1892, was $455,200,
including floating debt $104,200.
Total town debt October 1,1892, was $175,000.
A S S E S S E D V A L U A T IO N .— The city’s valuation and tax rate for
1890 were as follows; Real estate, $5,409,385; personal property,
$1,953,164; total, $7,362,549; city tax (per $1,000), $10-50.
Tbe town's assessed valuation iu 1891 was $8,257,090; town tax
(per $1,000) was $9-00.
P O P U L A T IO N .— The town’s population (including tbe city) in 1890
was 19,007; in 1880 it was 13,979 ; in 1870 it was 9,480.
N E W
N E W
C A N A A N . — C . H. F a i r t y , Town Treas.
New Canaan is in Fairfield county. The debt of this town was
created in aid of the Hartford & Connecticut Western Railroad.
LOANS—
When Due. Total debt Mar. 1893.... $47,500
Tax valuation, real........ 1,051,942
F unded D ebt B onds48, A&O, $11,000....A pril 1, 1899 Tax valuation, personal. 231.531
Total valuation 1892....1,283,473
R ailroad and W ar B onds 4s, A&O, $26,500... .April 1, 1911 Equalized valuation...... 1,243,876
Assessment about ^ actual value.
Subject to call after Oct. 1, ’93
Bonded debt Mar. 1, 1893.$37,500 Total tax (per $1,000).........$13*00
Floating debt..................... 10,000 Population in 1890 was........ 2,701
IN T E R E S T on the railroad and war loan is payable at the Middletown Savings Bank, Middletown, Conn., and on the funded debt bond*
at the olfiee of Collin & Stanton, New York City.
N E W
H A V E N — J. B. Sargent, Mayor.
The town and city of New Haven, in the coimty of the same name,
are nearly co-extensive, but each has a debt of its own. The select
men of the town o f New Haven have voted to pay $50,000 of the 4 per
April, 1893 .
CONNECTICUT— CITIES rW
39
cent Qulnipiao Bridge bonds, which mature in 1902. They will be N O R W I C H $C A L V IN 8. HARW OOD, Mayor.
called very soon.
I J. H. K E E P , Auditor.
LO A N S —
^ — Interest.-—* -----——— P rin cip al
j Norwich is in New London County. The city and town have separate
NAME AND PURPOSE.
K a te . P a y a b le .
When Due.
Outstand9
g. governments, keep separate accounts and have separate debts.
N e w H a v e s Cit y Bo nd s—
LO A N S —
-— Interest.— x
-Prin cipa l,
NAME AND PURPOSE.
Rate. Payable.
A
J ,m e ll9 0 2 t o *0 8 *
Boulevard sewerage 1887 3 ^
When Due.
Outstand’g.
A u > $‘25,000 yearly, \ w^tOOO
Cit y of N o r w ic h Debt.
C ity s ew era ge........... 1871 7
A A g
-----* O
Oct. 1, 1901
250.000 City debt bonds, ref., 1883
4
& O Oct. 1, 1913 $125,000
do
....1889-90 4
A A O
Apr. 1, 1910
200.000 Court house.............................. 7
Jan. 1, 1905
164.000
do
...
189*2 4
100,000 Sinking fund bonds of 1877... 5
Apr. 1, 1907
160.000
$Feb.1,’95 to 1904 >
do
do 1878... 5
Apr. 1, 1908 *150,000
do
1883 3** y
A
$15,000 yearly \ 150.000 Water fund bonds..................... 6
Jan. 1, 1898
150.000
T t.
Jau.l, 1910 to *20/
do
do 1890............. 5
Jan. 1, 1910
50,000
Library*.....................1890 4
J
J \ $10,000 yearly, s 100.000
T own of N orw ich D ebt.
Municipal................. 1877 4
J A J
July 2, 1897
150.000 Court house bonds................... 7
semi-an.
1905
160.000
Town debt bonds..................... 4
N e w H a v e * Cit y Sc hool D is tr ic t —
semi an.
1913
175,000
Subject to call after 1893,
Bonds
1889 c 4
F A \ ^ Aug-l»1909tO ’*20 > 230.000
1500(13.......................xnjsv.c ■
*
r *
£20,000 yearly. \
Town deposit fond................... 6 annually ..............
13,301
M AN
May 1, 1924
Notes........................... 1892 4
70.000
* O f these $100,000 are refunded water bonds.
T ow n o r N e w H aven D ebt .
P AR V A L U E O F BONDS.—The city’s bonds are all for $1,000
Air Line RR. bonds... 1989 3 ^ J A J
July 1,1910
500.000 eaoh.
($25,000due yearly) to July 1, 1929.
T A X FR EE .—A ll the issues of city bonds are exempt from ta x
£&"t Haven, r e f ......... 1887 4
M AN
1897 to 1907
60.000
Do. do.
funding .............................
past due
1,000 ation.
1940
Park bonds................1990 3*s J A J
100.000
IN T E R E S T on city bonds is paid by city treasurer, and in some cases
Subject to call 1910
in Boston also.
Do. d o........................... 4 ......................................
100,000
T O T A L D E B T , S IN K IN G F U N D , Et c .—The subjoined statement
4)ulnipiac bridge.......... .
4
M AN
........ 1902
100,000
Subject to call.
show’s the city’s total debt and sinking fund on the 15th of May o f
Do
new series........ 6
J A J
1895 to 1905
32,400 each of the last three years.
* Exempt from taxation.
1892.
1891
1890
$799,000
$799,000
PAR V A L U E O F B O N D S .—The bonds are all for $1,000 each Total bonded debt of c ity.................. $799,000
Certificates outstanding.................... 165,431
165,431
165,431
axoept the town war bonds, part of which are for $200 and $500.
IN T E R E S T —W H E R E P A Y A B L E .—Interest on all issues is paid at
T o t a l........................................... $964,431
$964,431
$964,431
21,175
31,678
32,800
the City Treasury, except that interest on the school district bonds Balance in treasury.........................
t* payable at the Mechanics’ Bank at present.
Net debt on May 15...................$943,256
$932,753
$931,631
T O T A L D E B T, S IN K IN G FU ND , E t c . - T he subjoined statement Water debt included above.............. $300,000
$300,000
$300,000
shows New Haven’s total municipal debt and sinking fund held by the
Total town debt September 11892 was $348,301; sinking fund (oash)
city against the same on the 1st of December o f each of the last three $6,753; cash and taxes due $41,301.
years; also the town debt on October 31.
The sinking fund receives yearly ^ mill on city list.
1892.
1891.
1890.
C I T Y P R O P E R T Y .—The city owns property valued at $971,036.
Total funded debt o f c ity .........$1,125,000
$1,275,000
$1,274,000
Stoking fund, etc........................................
...........
561,700 This Includes buildings, fire department, etc., as well as w aterw orks,
which are held at $600,000. In year 1891-92 the regular receipts of
Net debt on January 1..........................
$712,300 the water works were^£45,626; expenditures $27,144; interest on
Total funded debt o f tow n....... $1,052,400
$919,400
bonds $16,000; surplus $2,482.
floatin g debt .........................
165,029
154.029
ASSESSED V A L U A T IO N .—The oity’s assessed valuation and tax
Total town debt October 31 $1/217,429
$1,073,429
........... rate have been as follows, real estate being assessed “ at \ cash value” *
P e rs o n a l
Real
R a te o f T a x
ASSESSED V A L U A T IO N .- T h e city’ s
eased valuation and tax
E s ta te .
Property.
Total.
per $1000
rate have been approximately as follows, real
tate being taken at Tears.
$10,068,848
$10 00
1892................................
Mabout 80 per eent actual value
9,881,025
1000
1891...............................
Real
Personal
9,955,810
9-50
Rate o f Tax 1890................................
Tear*
$2,381,600
9,920,929
9-50
Property.
Iter $1,000. 1887............. $7,539,329
10,050,825
9-00
2,658,058
1883............. 7,392,767
$51,995,329
$11-50
1891
10,414,125
8-00
$40,669,983
2,976,028
U9 0
$ ll.5 6 i,1 4 8
1880 ............. 7,438,097
52,171.131
19‘50
1888 .
50,353,855
The town grand list on October 1, 1891, was about $13,405,663; tax
19H7
49,565,989
on same for 1892, $4-50, this being additional to city tax as above
1880
47,731.262
P O P U L A T IO N .—In 1890 p«opulatinn wami 85 ,981; In 1880 it wa. given.
P O P U L A T IO N .—In 1890 population of city was 16,192; in 1880 it
62,-82 ; to 1870 it WA* 50,840.
was 15,112 (including town, 21,145)
N E W
L O N D O N - - 0 BOROB F . fF i n k e r , M a y o r .
The bond* o f New r»»< l»n are chiefly he,Id by saving, banks. The P O R T L A N D . — J o h n J. W o r t h i n g t o n , Treas’r.
Portland 1* In Middlesex County.
town and city are under one gr»v eminent atid the following statement
-P rin c ip a l.LO AN S— /utcra;/.— .
include* both.
When Due.
Outsland'g
Bate. Payable.
—Interest.—
---- P r io r i r al.---------. NAME AND PURPOSE.
LOANS
Nov. 1, 1905 $100,000
IVAr « Due.
,
M A N
OulstaiuTg. Refunding.............................. -1
NAME an d purpose
Rale. Payable.
85,000
do
’ ............................... 3 65 J & J July | 1909 _
1,
City bond* ........................
7
J A J
Jan . 1, 1800
$10,000
floa tin g debt bond* ...... ...
7
J A J
100,000 8ccond mortgage bonds o f N.
Jan . 1, 1900
100,000
H. M. .t W. RR. guaranteed. 7
J & J July 1 1911
M o o t bond*....... ..................
4
J A J
1010
21,000
Subject to call after five years.
do
do ................ ........
1020
63,000
4
J A J
0ew .r bond* . . . . . . . ............
JuPf l, 1011
3** J A J
3.5,000
IN T E R E S T —Interest is paid at Town Treasury.
250,000
Jan . 1. 1900
Wafer bond*........ .................. 7
J A J
T O T A L D E B T.—Total debt March 1 ,1893, was $285,000.
do
do .........................
1919
116,000
4
J A J
T A X FR EE .—Tlie bonds o f the town are exempt from taxation,
tb-fi. tnd note........................... 4
M AH
On demand.
15.000
ASSESSED V A L U A T IO N .—In 1891 total assessed valuation
IN T E R E S T - W H E R E P A Y A B L E -Inter.out Oli bond* 1* paid partly
(about % o f real value), was about $1,963,246; tax rate, $20 per
ia Boston, partly tn Norwich, partly In New London.
T O T A L D E B T. S IN K IN G F U N D S . E t c . - N c* London's total $1,000. Real estate is said to be assessed at about one-half its cash
bonded debt on October 1, 1892, was $635,000. The city has no float value. In 1888 grand list was $1,831,787.
P O P U L A T IO N .—In 1890 population was 4,687; in 1880 was 4,157
ing debt.
C IT Y P R O P E R T Y —The city owns the Groton ferry and the city In 1970 was 4,693.
ASSESSED V A L U A T IO N —The c
Wa- $8,589,951 ; tax rate, $16*00.
fourths tu actual value. In 1888 th
rat-. $16 00 per $1,000.
^ P O P U L A T IO N ! » 1990
537 in 1870 It was 9,576.
N O R W A L K
assessed valuation in 1891
al estate Is taxed at threoand list was $7,699,321 ; tax I
13,7
In 1880 It was 10,
(Town and Borough).
P R E S T O N . — J. M. Y
o u n g , Treasurer.
Preston is in New London County.
LO AN S—
HTwm Due. Tax valuation 1892 ....... $865,326
Tax rate (per $1,000)......
19 00
W ar and B hido k B onds —
6s, J A J . $50,000......... Inly 1,1895 Assessment about -u actual value.
4s, J A J , 40,000........Apr. 1, 1906 Population in 1890 was........2,555
Total debt March 1,1893..$90,000 Population in 1880 was......2,528
P U T N A M . — J. W . M
a n n in g
,
Town Clerk.
Tills town is In Windham County. The debt is being gradually paid
The town of S
It. in Kairflr Id Countv. contains the borough of
If orwalk. who** <
itebt 1* Included Ik •low. anil the city o f South Norwalk I off, and it is not intended to fund any portion of it.
Flouting debt Oct. 1, '92. $74,024 I Tax rate (per $1,000)......... ^ O ’OO
who-< *tatcjTH'tit
•
n under It* own name.
Tux valuation 1891........2,959,697 |Population m 1890 was...... 6,512
Tow a Dan %* i» V a u DATION. ET
.. $256,000
Total debt Oct.. 1892 ..
When Due. 1
LO AN S—
Town bond*, $100 GOO ______ 1921 Tux valuation 1891 .. . 8,328,304 R I D G E F I E L D . — L. C S e y m o u r , Treasurer.
Town note* ......
.$15(1.000 1
Tax rate (i»er $1,000). ...... $10*00
Ridgefield is In Fairfield County.
B o r o con Dam* Y amRATIO*. KTc.—
$1100
i Total debt March, 1893-----$37,455 ] Total tax (per $1,000.
When itae
W atek Boxds —(Continued.)
2,235
Population 1890.........
Consisting of 4 p. c. town notes.
! 4s. JAJ. $25.000......July 1, 1927
2,028
Population 1880........
July 1,1927
subject to call after Ju ly 1,1897 Tax valuation 1892— $1,325,417 I
r July 1, 1*97 i Bonded debt Jan. 1,1893.$ 100,000
ting debt
95*171 S I M S B U R Y . — A. S. Ch apm an , Treasurer.
4s, JAJ, $75,000
July 2. 1908 ! Total debt Jan.. 1893... 485,171
Simsbury is in Hartford County.
4s. JVJ. 75.000
July 1, 1927 , Net debt 1891 was........ 466,354
r July 1, 1897 ! Tax valuation 1*91....... 2,896,218
When Due. Tax valuation 1891----- $1,105,237
LO AN STax valuation 1890.........1,107,034
j Tax rate i*er 81,000 1892
10 00
Wat* * Bo iim RAll,HOAD BONT .
4s, J.%J. $175.»*m> Jti
I, 1926 Tax rate per $1,000 1891
15*00 4s, J A J . $32,000..July 1,1893 Assessment about 23 actual value.
14*00
Subjec t to call after Jn
1. 199411
($2,000 yearly), -to July 1.1908 Total tax (per $1,000)----1,874
4s, J A J ....$4,000..Ju ly 1,1909 Population 1890..............
itton o f the town (including Norwalk bor
P O P U L A T IO N . l’« l
e> o i M s < s » .n w ~ ......... v— ,----1,830
Net debt Oct. 1, 1892........ $36,239 Population 1880..................
k city) was in 1890, 17,747; in 1880, 13,956; In
<mgh tnd Booth Nor
T A X F R E E . —A ll bonds issued by this town are exempt from taxation,
on of the borough in 1890 w a s ------ ; in 1880
1970.12,119. Popti
IN T E R E S T is payable at the Hartford National Bank.
was 52*08.
40
Vol. LVI.
0TAT£ ftWZ CITY S U f f L E M ^ N T .
S O U T H N O R W A L K . - { g; j f t S W & B Z t :
W A T E R B U R Y (Town and C ity). — C h a r l e s fi.
B a l d w i n , Mayor.
Tills city is in Norwalk Town, Now London County.
LOANS—
When Due.
Waterbury is in New Haven County.
LOANS—
When Due.
4s, J& J, $9,000........... Ju ly 1, 1909
Water Bonds—
School D istrict B ondsWhen Due.
6 s, J& J, $30,000........ Ju ly 1,1895 4s, J& J, 52,000........... Ju ly 1,1910
4s, M & N, $100,000................ 1911
W a le riu rfO ilu Debt—
6 s, J& J, 40,000........Ju ly 1, 1905 4s, J& J, 12,500...........Apr. 1, 1910
Water B onds (series 1 and 2)—
O'TY H alt, B onds—
4s, J& J,
9,000........ Ju ly 1, 1900 4s, J& J, 47,500........... Apr. 1, 1911 7s, J & J , 40,000
.1906 7s, J & J, $150,000..................1897
I N T E R E S T — W H E R E P A Y A B L E .— Interest on the bonds is paid
7s, J & J , 40,000.................... 1899
Sewer B onds—
4s, ,T & J, .$85,000....................1911 4 13 3 , J & J, 75,000................... 1905
in New York.
Floating debt.................. $20,000
T O T A L D E B T .— Tlio total debt January 1, 1893, was $203,IN T E R E S T is payable in Waterbury.
721, of which $200,000 was water debt and $63,721 floating debt.
PAR V A L U E .— The lie per cent water bonds are for $500 each. All
A S S ES S ED V A L U A T I O N . — The city’s total assessed valuation in
1891 was $2,116,188 (“ actual value estimated $3,000,000” ) tax rate other bonds are in pieces of $1,000.
T O T A L D E B T Oct., 1892, was $102,500, including floating debt,
$12-50 per $1,000.
P O P U L A T IO N .— Population in 1891 was estimated at 5,431; in $105,000.
School D istrict F loating D ebt, $50,000. Since its incorporation
1880 was 3,726.
n 1853, the city lias issued bonds to the amount of $590,000, of which
$95,000 have been redeemed, leaving $495,000 now outstanding.
S P R A G U E . - P. S O o t l , Treasurer.
This town is in New London County.
A S S E S S E D V A L U A T IO N .— The town's assessed valuation and tax
LOANS—
When due. Not debt March, 1893.........$39,400 rate have been as follows:
Town has no water debt.
T own B ondsTotal
Rate o f Tax
Personal
Real
68 , Mar., $45,000----- Mar. 27, 1906 Ta x valuation 1892.........$982,035
Valuation. per $l,(K>o
Property.
Estate.
Bonded debt March, 1893.$45,000 Tax valuation 1891 ........ 653,700 Years.
$10,456,822
$ ...............
$18,00
4,000 Total tax (per $1,000).......... 15*00
Floating debt.................
10,751,370
'4,052,047
3000
Sinking funds..................... 9,600 Population 1890......................1,106 1890 .......... . . . . 6,699,323
10,554,208
4,316,446
3100
1889 .......... . . .. 6,237,762
I N T E R E S T is payable at Merchants’ National Bank, Norwich, Conn. 1880 .......... . . .. 4,483,125
8,315,041
3,831,918
The first estimate of actual valuation Jan. 1,1891, was $43,000,000.
S T A M F O R D . —E d w in S. H o lly , Mayor.
P O P U L A T IO N .— The town’s population in 1890 was 33,202; in
Stamford is in Fairfield County.
1880, was 20,270. City's population in 1890 was 28.64G; in 1880 it
__ A N_ Amount. Tax rate (per $1,000)...........$10-00
LO
S
_
Borough sewer bonds_ $100,000 Population 1892(estimated) 1 8 ,000 was 17,806.
15,685
Town hall bonds, 4s.......
94,000 Population in 1890 w as
11,297
Tax valuation 1891........9,213,641 Population in 1880 w a s
W A T E R F O R D . — Tins town is in New London County.
S T O N I N G T O N . — This town is in New London County.
When Due. Total debt Oct. 1, 1892... $57,914
LO AN STax valuation 1891.........1,066,750
Wa r , E tc.—
LO ANSWhen Due. Total debt Oct, 1, 1892 . $64,321
14-00
..........$30,000.................. 1907 Tax rate (per$1,000) .. .
Ta x valuation 1891.2,671,679
War B onds—
Bonded debt Oct. 1.1892..$30,000 Population 1890 was............. 2,661
12*50
............... $28,000......................1902 Tax rate (per $1,000)_
Population 1880 was............. 2,701
Bonded debt Oct, 1,1892.$28,000 Population 1890 was......... ...7,184 Floating debt...................... 27,914
Floating debt..................... 36,321 Population 1880 was............. 7,355
T H O M A S T O N . — A rthur J. H tn e , Treasurer.
This town is in Litchfield County.
LO AN S—
When Due.
T own H all Bonds4s, J& D , $50,000........ Dec. 1,1904
Interest payable at Treas’r ’s office.
Floating debt..................... 9,352
Total debt January, 1893.. 59,352
Sinking fund ..
........... 8,420
W E S T H A R T F O R D . — IT C.W
LOANS—
Due.
E ducati on and F un ding N otes—
Net debt Jan., 1893........ $50,932
Tax valuation, real........ 1,201,506 4s, A&O, $20,000....... 1894 to 1898
Refunding B onds—
Tax valuation, personal. 560,560
1902
Total valuation 1890___ 1,762,066 4h, M& 8 , $28,000........
4s, M&S, 30,000........
1920
Assessment about 13 actual value
Subject to call after 1910.
Total tax (per $1,000).......... $12*50
Population in 1890 was........ 3,278
h i t m a n , Treas.
R oad Bonds—
4s, M&S, $45,000..................... 1920
Subject to call after 1910
Interest payable in Hartford.
Total debt Feb., 1893.... $123,000
Tax valuation (estini'd) .2,730,000
Total (tax per $1,000)...
11-00
Population in 1890 was........1,930
T O R R I N G T O N . — This town is in Litchfield County.
W E S T P O R T . - — This town is in Fairfield County.
Total debt Oct. 1, 1892.. $45,753
Floating debt Oct. 1, ’92. $60,359 I Tax rate (per $1,000)......... $10-00
Tax valuation 1891.3,917,630
Ta x rate (per $1,000)...
8 *00 Ta x valuation 1891........ 2,121,227 I Population 1890 was..............3,715
' opulation 1890 was..............6,048
Population 1880 was..............3,327
W I L L I M A N T I C . — H. A. Sanderson , Treas.
V E R N O N . —E. B. Sk in n e r , Treasurer.
This borough is situated in the town of Windham, Windham County.
This town is in Tolland County.
LOANS—
When Due. Borough notes................. $50,000
Interest paid in Willimantic.
W ater B onds—
___ ____
Amount. Tax valuation 1892___$3,015,233
LO ANS.
1891----- $3,768,754
HR. and town hall bonds.$235,000 Ta x rate (per $1,000)...
15*00 4s, $200,000................... 1899-1914 Ta x valuation 1890 was........ 8,648
Outst'd’g orders Jan., ’93. $168,200 Population in
Population in 1890 was.........8,808
(Above are due 1906 to 1922.)
Total debt March, 1893..$235,000 Population in 1880 was.........6,915
LO AN S—
When Due.
T ow n B onds—
................$7,753................................
Bonded debt Oct. 1, 1892.. .$7,753
Floating debt....................... 38,000
W A L L I N G F O R D (Town and Borough.) -S.D .
B ishop , Treasurer of Borough.
The town of Wallingford is situated in New Haven County.
Town debt Oct., 1892_
_ $80,600
LO AN SWhen Due.
Town hall, $64,000........... 1903-04 Borough valuation 1890.1,800,000
Borough Water B ondsTown valuation 1891___2,652,944
48, J& J, $105,000........1903 to ’15 Town tax (per $1,000) ..
8*00
Borough notes................ $112,000 Borough tax (per $1,000)
5*00
Borough debt Oct., 1892.. 217,000 Total tax (per $1,000)...
12*00
I N T E R E S T — W H E R E P A Y A B L E .— Interest on the water bonds of
W
rallingford Borough is payable at the First National Bank of Walling
ford.
P O P U L A T IO N .— The population of the town (including the bor
ough) in 1890 was 6,584; in 1880 was 4,686, in 1870 was 3,676.
Population of Wallingford Borough in 1890 was 4,230.
W A S H I N G T O N . — This town is in Litchfield County.
LO AN S—
When Due. I Tax rate (per $1,000)..........$15*00
RR. bonds, $44,000. .1893 to 1916 |Population in 1890 was.........1,633
Net debt Jan., 1893............ $35,485 I Population in 1880 was......... 1,590
Tax valuation 189 \............ 867,055 |Population in 1870 was..........1,563
W I N C H E S T E R . — J. E. S pa u ld in g , Treasurer.
This town is iu Litchfield County, and contains Winsted Borough,
which has an independent debt of $31,000:
LO AN S—
When Due. Net debt Sept. 1, 1892. $111,001
Total debt Sept. 1, '91.
120,876
Town Bonds—1885-1891—
2,574
4s, M&N, $54,000....Nov. 1,1902 Sinking fund................
118,302
4s, M&N, 54,000... .May 1,1893 Net debt Sept. 1, 1891.
($6,000 due yearly) to May 1,1901 T a x valuation 1889... 2.742,264
Deposit fund and orders. $6,278 Tax rate (per $1,000) 1891.$15-00
Total debt Sept, 1, 1892..114,278 Population 1890 w a s........... 6,183
3,277 Population 1880 was.............5,142
Sinking fund.....................
L O C K S . — J as . W. B y r n e , Treas.
This town is in Hartford County.
A ll bonds are tax free.
When Due.
LO ANSTax valuation 1892...... $1,638,024
Town B onds*—
............. 1922 Assessment about 2*3 actual value.
4s, $35,000...........
Tax rate (per $1,000)..........$10*00
School L oan —
.Feb. 1,1897 Population in 1890 was........ 2,758
6 s, F&A, $10,000.,
* The bonds of this town are secured by a special tax of 10 mills on
tbe assessed valuation.
W IN D S O R
41
D
e b t s
a n d
R e s o u r c e s
O F 1 T H
I N
E
T £ 3 ;E !
MIDDLE STATES.
IN D E X
FOR
THE
M ID D L E
STATES,
C IT I E S ,
Etc.
HEW FORK—State. Cities, Ac....................Pages 4 to 56
1
NEW JERSEY—State. Cities, See................Pages 57 to 63
D E L A W A R E — S ta te, C ities, & c .........................P a g e s 71 to 73
PENNSYLVANIA - State, Cities, Ac.......... Pages 63 to 7
1
D IS T R IC T O F C O L U M B I A .................................. P a g e
State of New York,
D E B T, RESOURCES, E t c .
M A R Y L A N D —S tate, C ities, & c . . ...................... P ages 72 to 75
75
litlonal canal debt was created. Besides that these lateral canals
brought down such large quantities of rafts into the Erie Canal that the
plau of enlarging the Erie Canal was found to be desirable. The first
legislation of tills character was in May 1834, when a law was passed
to double the locks at Syracuse; other work of a like character was done
in the following three years, all, however, being paid for out of the surtftaa i
Inal fond. But in 1838 that slow method lost
favor and the work of enlargement took a speedier form, $4,000,000
b'»rrowed for the purpose. After that the Legislature pursued a
reek!.-** course, not only in the matter of canals but in lending State
credit to various companies, mainly railroads. From September 1841 to
I February 1842 iaauee of State obligations to the Erie Railroad pro
gressed rapidly, notwithstanding the panicky condition of the market,
the last issue being made January 29, 1842; 42 days afterwards the
Governor received notice that the road had failed and could not meet it
Admitted as a State
One of Original Thirteen
Total area of State (square miles)
.
.
.
50,2 )3
State capital
................................................ Albany
Governor (term expires January 1, 1895) - Roewell P. Flower
Secretary of State (term expire* Jan. 1,1894) Frank Rice
Treasurer (term expires Jan. 1, 1894)
Elliot Danforth
Comptroller (term expires Jan. 1, 1891) - - Frank Campbell
n
en
Legislature meet* annually the ftwt Tuesday in January, e gagem ts.
A stronger contrast could hardly be preseuted than is presented
and length of sessions is not limited.
between the policy pursued and results reached at these two periods
H IS T O R Y O F D E B T .— prominent fact In the financial history of
-A
Ifew York MUt<- U that what ha* *1 way* been called "T h e General
FuaiV* was at flrat wholly a fund, but later it became simply the
ftam* for a class o f debt. Even in early year* the State contracted
and reported a debt, but the general fund in those year* held asset*
l*r*» i> In exeeea o f the Indehtedne**. Thus In Octolwr 1814 the debt
amounted to f 1,503.681, but the general fund held $4 ,390,940, showing
a t u rpla* o f $2,893,259.* Oonasqaeally we may say that the debt his
tory Of New York did not begin until after 1817, the State having at
ttufct date entered upon the work o f canal making, the start in the con
struction o f the Erie and Champlain canal* being made that year.
When these two canals were completed In 1826, the debt of the State
was $7,737,771. About the date o f the finish o f 'these original under
takings, the minor canals were begun, the act* authorizing the Seneca
A Cayuga and the Oawego canal* bearlug date April 20,1825.
The cautious way In which the Htate took up the work o f internal
Improvement* In 1817 U seen tn the arrangement made for paying the
debt it w jm about to contract. It did not depend upon luck to meet the
Interest and principal, but It created a fund by setting aside for that
purpose the taxes on steamboat*, the duties on the manufacture of
•Alt and on good* sold at auction, together with some Item* of prop
erty theretofore in “ The General Fund." In 1821 when the new Con
•tttutinn waa framed these taxes and duties and all toll* collected on
the canal* were declared to be and to remain " Inviolably appropriated
“ and applied to the completion of *ucb navigable communication* and
** to the payment o f the Interest aud reimbursement of the capital ”
boTr-f red for the carrying forward o f such work. A* a result, in 1830
the whole o f the debt which fell due that year and as much more a* could
he bought at a high premium was paid, and a wum o f $3,931,132 accum
ulated to meet the remainer ($3,702,256) which could not bo bought.
Thereupon the Constitution wasso amended (the amendment being pro
pose 1 in 1837, passed by the two House* in 1838, and ratified by the
people November 1839) that the dutie* on the manufacture o f salt and
•n good* sold at auction (except $33,500) were transferred to The
General Fund.
^ A very different policy wa* punned with regard to the lateral canals.
Prudence was thrown to the winds; the work* were prosecuted rapidly
and extravagantly, and the money wa* borrowed without any depend
ent.* for meeting the obligation* except a possible surplus which the
M M l fund might yield. As a consequence, 10 million* of dollars o f ad* Hunt's Merehant# Magadan.
1817-36 and 1838-42. The former we may call the “ s l o iv ” method,
the latter was called in the law which originated it, the “ s jte e d y enlarge
ruont." We have seen the result of the “ slow” method on the State
credit in 1836; a* high as 24 per cent premium was oftered for
outstanding bonds that year without inducing the holders to part with
them. In 1812 even the solvency of the State was in great peril; the
emergency was felt to be so critical that a law was passed (February
24, 1812), to stop all expenditures upon public works, to issue stock to
settle with contractors, aud to levy a tax and establish a sinking fund
out of the surplus canal revenues to meet interest aud debt.
Subsequent history is so recent that only a few words need be given
to It. In 1851 an abortive attempt was made by the Legislature to
appropriate nine millions of dollars to the completion of the canals; we
say abortive because the act passed to that effect was declared uncon
stitutional by the Court of Appeals. Thereupon (in 1854) the Con
stitution was amended so as to permit a new debt for the enlargment
and a sinking fund to pay the Interest aud principal. Under that pro
vision the mouey was borrowed and spent during the following four or
five years. The only other material enlargment of the State’s
obligations grew out of the Civil War. For this purpose the Legislature
authorized the creation of a debt not to exceed 30 million dollars,
levying a direct annual tax to pay the Interest as it fell due and the
whole principal within twelve years.
During the past ten years the State debt has been paid at the aver
age rate of $1,000,000 per year, and notwithstanding this speedy dis
charge of obligations the burdens of the peoplo by way of taxation
have steadily decreased year by year, and the tax rate for the past
two years has been the lowest known to the present generation of tax
payers. During all this time the revenues of the State have constantly
increased, aud for the year just past are the largest within its history.
The bonds now outstanding are as follows.
LOANS”
/ In te r e s t.— s «
—
------------P r i n c i p a l . -----------»
NAME AND PURPOSE.
P . CL
Canal reg. stock....... 1875 6
do
do
........
G eneral F u n d :
P a y a b le .
A & 0
W hen D u e.
Oct. 1, 1893
Past due.
O u t s t a n d i’g .
$150,000
28,760
Indian annuities............... 6 Annually Irredeemable.
122,695
Niagara Reservation.1889 2>a J & J
oo!ooo9yearly |
300,000
PAR V A L U E O F B O N D S — The canal bonds arc for $100 and mul
tiples; the Niagara Park bonds for $1,000 each.
IN T E R E S T — W H E R E P A Y A B L E — Interest on the canal bonds is
paid in New York at the Manhattan Company Bank. Interest on the
Niagara Park loan is paid in Albany at office of State Comptroller.
3
42
STATE AN® 01T SUfHEM£WT,
Y
T O T A L D E B T , S IN K IN G F U N D S , Et c .—The State is now practi
cally out of debt as the surplus funds in the treasury are more than
sufficient to pay o ff all the outstanding obligations. The subjoined
statement shows New York’s total debt, excluding Indian annuities, and
the sinking fund held against the same, on the first o f October o f each
o f the last three years.
1892.
1891.
1890.
Total funded debt.................... $763,160
$2,804,960 $4,841,610
Sinking funds..........................
493,407
1,9 L3,031
3,163,722
N et debt.............................
$269,753
$891,929
$1,677,887
S T A T E D E B T F O R O V E R F I F T Y Y E A R S .— Below w e give the
Vol. L V k
Sec . 2 enacts that no municipal corporation shall borrow money or
contract debt except as hereafter provided, and if it does the evidence
of debt shall be void.
Sec . 3 enacts that no municipal corporation “ shall contract any
“ debt the amount of which shall, exclusive of the debt now owing by
“ said corporation, exceed at any time a sum equal to five per cent, nor
“ inclusive of such debt shall the same exceed eight per cen t” of the
valuation of the real estate within its bounds.
Sec . 4 enacts that no money; shall be borrowed on temporary loan*
by any such municipal corporation except in anticipation of taxes of th e
current fiscal year, and shall always be made payable within eight
months from the time the loan is made.
Sec. 5 enacts that no funded debt shall be contracted unless for a spec
ific object stated in ordinance proposing same, norunless such ordinance
shall have been passed by two-thirds o f all the members elected to the
Common Council or Board o f Trustees, and shall have been submitted
to and approved of by a majority of the tax payers of such cityr or v il
lage at a special election, nor unless the Legislature shall have ratified
such ordinance and shall have provided for leving and collecting an
annual tax sufficient to pay accruing interest and an additional amount
for a sinking fund equal to at least five per cent of the total debt, &c.
amount o f the State debt, including Indian annuities, at the end of the
fiscal years named.
1892......... $885,855 1883.......... $8,473,854 1858.........$33,735,668
1891.......... 2,927,655 1878.......... 9,154,054 1853......... 24,288,568
1890.......... 4,964,304 1873......... 36,530,406 1848......... 23,937,248
1889.......... 6,774,854 1868......... 44,968,786 1843......... 25,257,268
Sec. 6 enacts that nothing in this act shall repeal or modify exist
1888.......... 6,965,354 1863......... 29,784,124 1838......... 11,256,152 ing laws authorizing municipal corporations to borrow money, contract
T A X A T I O N . — The follow ing table shows the assessed valuation of debts and issue bonds.
the real and personal property, the rate of taxation for State purposes,
It should be added in explanation of the railroad debts which w ill b ©
and the amount of the ta x for the years named, 1859 being the year in noted in some of the city statements of debt that the laws authorized
which the State Board o f Equalization was organized.
such obligations prior to 1874, but the amendment to the Constitution
-State Tax.
adopted at that date (which we have set out in the foregoing) abro
— sTotalEqualized Rateper
Total
- Valuation.gated those laws, though o f course the amendment did not affect pre
Levied.
Tear. Real Estate.
Personal.
Valuation.
$1,000.
1892.$3,526,645,815 $405,095,684 $3,931,741,499 $1*98
$7,784,848 vious contracts.
5,196,666
37
1891. 3,397,234,679 382,159,067 3,779,393,746 1S A V IN G S B A N K I N V E S T M E N T S -P O W E R S A N D R E S T R IC
34
1890. 3,298,323,931 385,329,131 3,683,653,062 28,619,748
12,557,352 T IO N S .— B y an Act o f the Legislature, Chapter 525, approved June 6r
52
1889. 3,213,171,201 354,258,556 3,567,429,757 39,089,303 1890, Section 260 o f Chapter 409 o f the laws o f 1882, entitled “ an;
1888. 3,122,588,084 346,611,861 3,469,199,945 2-62
1887. 3,025,229,788 335,898,389 3,361,128,177 2-70
9,075,046
9,512,812 “ A c t to revise the Statutes o f this State relating to banks, banking and
1886. 2,899,899,062 324,783,281 3,224,682,343 295
8,529,174 trust companies,” (as amended by Chapter 524 of the laws o f 1887 and
1876. 2,108,325,872 357,441,401 2,466,267,273 3453e
1875. 1,960,352,703 407,427,399 2,367,780,102 6-00
14,206,680 as amended by Chapter 373 of the laws of 1888), was amended so as to
1874. 1,750,698,918 418,608,955 2,169,307,873 7-07l7 15,727,482
14,800,903 read as follows.
1873. 1,692,523,071 437,102,315 2,129,626,386 6-95
1872. 1,644,379,410 447,248,035 2,088,627,445 9-37^ 19,580,882
In 1892 (Chapter 689 o f the Law3 of 1892) the Legislature passed a
1871. 1,599,930,166 452,607,732 2,052,537,898 5*6545 11,613,943 new act in relation to banking corporations. This new law, however,
1870. 1,532,720,907 434,280,278 1,967,001,185 726i4 14,285,976
1869. 1,418,132,885 441,987,915 1,860,120,770 5-6212 10,463,179 makes no essential changes in any of the provisions, restrictions o r
3,512,284 requir ements cited below.
1859. 1,097,564,524 307.349,155 1,404,913,679 2-50
D E B T L I M I T A T IO N . —In the N ew Y ork Constitution two sections
Section 260.—I t shall be law ful for the trustees o f any savings bank
to invest the moneys deposited therein and the income derived there
have reference to municipal debt limitation.
from, only as follows, n am ely:
(1) . Section 11 Article 8, until November 1884, applied to all coun1 1. In the stocks or bonds or interest-bearing notes or obligations of
ties, cities, towns and villages. That Section reads as follows.
the United States, or those for which the faitli o f the United States is
Sec . 11. N o county, city, town or village shall hereafter give any pledged to provide for the payment o f the interest and principal, in
money or property, or loan its money or credit, to or in aid o f any indi cluding the bonds of the District o f Columbia, commonly known as
vidual, association or corporation, or become directly or indirectly the the three-sixty-five bonds.
2. In the stocks or bonds or interest-bearing obligations o f this State
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 indebted issued pursuant to the authority o f any law o f this State.
3. In the stocks or bonds, or interest-bearing obligations of any State
ness except for county, city, town or village purposes. This section
shall not prevent such county, city, town or village from making such in the Union that has not, within ten years previous to making such in
vestment by such corporation, defaffited in the payment of any part of
provisions for the aid or support of its poor, as may be authorized by
either principal or interest of any debt authorized by any legislature o f
law .
such State to be contracted.
The foregoing was adopted by a vote o f the people Novem ber 1874,
4. In the stocks or bonds o f any city, county, town or village school
went into effect January 1,1875, and is still in force. But in N ovem district bonds and union free school district bonds issued for school
ber 1884, by vote of the people, the following amendment was added to purposes, or in the interest-bearing obligations o f any city or county o f
this State issued pursuant to the authority of any law o f this State.
Section 11. I t w ill be seen that the amendment of 1884 applies only to
5. In bonds and mortgages on unincumbered real estate situate in
cities o f over 100,000 inhabitants and to counties containing cities o f this State and worth at least tw ice the amount loaned thereon, but not
100,000 inhabitants, and limits the debts o f such cities and counties to to exceed sixty-five per centum of the whole amount o f deposits shall
be so loaned or in vested; but in case the loan is on unimproved and un
10 per cent o f their real estate valuation, certain bonds not included. productive real estate, the amount loaned thereon shall not be more
The amendment is as follows.
than fo rty per centum o f its actual v a lu e ; and no investment in any
(Amemdment added to Section 11, by vote o f people in November, 1884, bond and mortgage shall be made by any savings bank, except upon the
and which went into effect January 1, 188o):—No county containing a report of a committee of its trustees charged with the duty of investi
oity o f over 100,000 inhabitants, or any such city, shall be allowed to gating the same, and who shall certify to the value of the premises
become indebted for any purpose or in any manner to an amount mortgaged or to be mortgaged according to their best judgment, and
which, including existing indebtedness, shall exceed 10 per centum of such report shall be filed and preserved among the records o f the insti
the assessed valuation or the real estate o f such county or city subject tution.
6. In real estate, subject to the provisions of Section tw o hundred
to taxation, as it appeared by the assessment rolls o f said county or city
on the last assessment for State or county taxes prior to the incurring and sixty-three o f this Act.
of such indebtedness; and all indebtedness in excess o f such limitation
The foregoing is in some particulars modified and extended by Secexcept such as may now exist, shall be absolutely void, except as ions 261, 262, 263 and 284 of the original A c t of 1882, the substance
herein otherwise provided.
No such county or such city, whose
present indebtedness exceeds 10 per centum o f the assessed valuation o f which sections is as follows.
o f its real estate subject to taxation, shall be allowed to become indebted
Section 261 provides that the trustees shall invest the deposits in the
in any further amount until such indebtedness shall be reduced within securities named above as soon as practicable, except
such limit. This section shall not be construed to prevent the issuing
(1) that for the purpose of meeting current payments and expenses in
o f certificates of indebtedness or revenue bonds issued in anticipation excess of the receipts, a “ fund ” o f not exceeding 10 per cent o f the
o f the collection o f taxes for amounts actually contained, or to be con whole amount of the deposits may be kept on hand or on deposit w ith
tained, in the taxes for the year when such certificates or revenue any bank or banking association in the State o f N ew York (National
bonds are issued and payable out of such taxes. Nor shall this section or State), or with any trust company of N ew Y ork State, but not to ex
be construed to prevent the issue o f bonds to provide for the supply of ceed in any one bank or trust company 25 per cent o f the paid-up capi
water, but the term o f the bonds issued to provide for the supply of tal and surplus of such bank or trust com pany; or
w ater shall not exceed tw enty years, and a sinking fund shall be
(2) such “ fun d” or any part thereof may be loaned upon pledge o f the
created on the issuing o f said bonds for their redemption, b y raising securities or any o f them named in sub-divisions one, two, three and
annually a sum which w ill produce an amount equal to the sum of the four of Section 260, but not in excess o f 90 per cent o f the cash market
principal and interest o f said bonds at their maturity. The amount value of such securities; and the loan must not be allowed to exceed 90
hereafter to be raised by tax for county or city purposes, in any county per cent of the securities by any depreciation o f the securities, but in
containing a city o f over 100,000 inhabitants, or any such city o f this oase of depreciation the loan must be reduced or securities increased.
State, in addition to providing for the principal and interest o f existing
Section 262 enacts further that any savings bank may deposit tem
debt, shall not in the aggregate exceed in any one year 2 per centum of porarily in banks and trust companies, as provided by the last above
the assessed valuation o f the real and personal estate o f said county or section" “ the excess o f current daily receipts over the payments until:
city, to be ascertained as prescribed in this section in respect to county “ such time as the same can be judiciously Invested in the securities
or city debt.
“ named in Section 260.”
In M ay 1886 the N ew York Court of Appeals decided at the end o f a
The privilege granted by Section 262 might of course be interpreted
litigation begun in July 1885 that the sinking fu n d was not a p a r t o t liberally as opening the gates wide to continuous deposits in banks and:
the city debt within the meaning o f the above provision o f the Consti trust companies. To avoid any such use o f the privilege, the section also
tution lim iting the creation of debt to 10 per cent of the assessed valua provides that whenever it shall appear to the Superintendent o f th#
tion o f the real estate.
Banking Department that the trustees o f any corporation are violating
(2) . The other section of the Constitution which w e referred to is “ the spirit and intent of the section by keeping permanently uninvested
Section 9, A rticle 8. This section stands as it was framed in the Consti " all or an undue portion of the moneys received,” he must report the
tution of 1846, and transfers to the Legislature the duty o f providing facts to “ the Attorney-General, who shall proceed against such corneedful restrictions of the debt-making power &c. The section in “ poration,” etc.
full is as subjoined.
As to investments in real estate, it is provided by
Section 9. I t shall be the duty of the Legislature to provide for the
Section 263, that any bank may hold and convey
organization of cities and incorporated villages and to restrict their
(1) a plot whereon is erected or may be erected a building or buildings
power o f taxation, assessment, borrowing money, contracting debts, requisite fo r its business, and from portions not required for its own use
and loaning their credit, so as to prevent abuses in assessments and in revenue may be derived, the cost of such building or buildings and lot
ooutracting debt by such municipal corporations.
in no case to"exceed 50 per cent of the net surplus, “ except by written
Under the above provision o f the Constitution the Legislature (Laws “ permission o f the Superintendent, except where lots have been hereto
f o r e purchased, or where maps, plans and estimates have been mad©
1853, Chap. 603), passed “ an aot to restrict and regulate the power of “ fo r the purpose of erecting a banking building.”
*‘ municipal corporations to borrow money, contract debts, and loan
(2) Such real estate as shall have been purchased on foreclosure sales
“ their credit.” The act contained six sections, the substance o f which or upon sales under judgments or decrees obtained or rendered fo r
debts due the corporation or on settlements to secure debts. Such real
i s as follows.
estate must be sold within five years unless the Superintendent shall
Section 1 forbids any municipal corporation from loaning its extend the time. Such corporation may also, with approval o f Superin
credit.
tendent, change its place o f business within the limits of its city o r
April, 1893.
TJ£W YOBK—CITIES
town and bay a new plot, but must sell the lo t previously occupied as
FOvklei! above with respect to real estate acquired in satisfaction of
ebU.
SectroN- 204 eii'».ets tlmi * it shall not be lawful for trustees o f any
'*
u savings banks to loan moneys " *
* upon notes, bills o f exchange,
“ drafts or any other personal security w h a t e v e r a n d in all eases o f
loans on real estate a sufficient bond secured by the mortgage thereon
' of searches, exami
nations, appraisal, drawing, perfecting and recording papers, must be
paid by the borrower*
S
P O P U L A T IO N O F S T A T E - N e w York ranks first in population
among the- States o f the Union, but has not always held that position.
In 1790, when New York had 340,120, Massachusetts had 378,787,
North Carolina had 393,751, Pennsylvania had 434,373 and Virginia as
much ,* >747,610, Maryland then having 319,728. That is, at the time
■
« f the first Census Now York stood fifth. In 1800, w ith a population of
589,051, the State passed both Massachusetts and North Carolina and
■advanced to third place, V irginia still standing first with 880,200, and
Pennsylvania second with 602,365. In 1810 Pennsylvania also was
passed, Virginia, however, still leading slightly with 974,600, against
New York's 959,049. In 1820 the Old Commonwealth likewise was
le ft behind, and ever since then New York has retained her place at the
head o f the column.
1890,. . . . . . . 5,997,853 I8 6 0 .. . . . . . . 3,880,735 (1830...........1,918,608
'
2
2
.
* i s 40.
... 2,428,921 • 1810........
959,049
Since 1820 N ew York has been adding to her numbers considerably
more than a million every twenty years, and the last decade alone—
that from 1980 to 1890—shows an addition o f not far from a million, or
914,982 Taking the last three Census periods the rate of growth was
12 94 per cent between 1860 and 1870,15*97 per cent between 1870
and 18-90, and 18*00 per cent between 1880 and 1890. A census by the
State authorities was taken in 1892, and this made the population
6,510,162.
B A N K S -S T A T E , N A TIO N A L AND SAVINGS IN S T IT U T IO N S .
43
TOWUS#
-In te re s i-Pr-incipal.
LO ANSNAME AND PURPOSE.
Bate. Payable.
When Due.
Outstand’g ,
1893-1909
Sewer (Beaver Cr.).. .1889 3
M A S J $5,000 yearly, ^ $85,000
Washington P ark ... .1870 7
M & N C Aug. 1, 1910
1550.000
do
do ... .1871 7
M AN
May 1, 1911
b l 00,000
do
_
do _ .1872 7
M AN
M ay 1, 1912
1>100,000
do
do ... .1874 7
M AN
May 1, 1914
1>155,000
do
do ... .1874 7
M AN
M ay 1, 1916
l>49,000
do
do ... .1875 6
M AN
M ay 1, 1915
t>75,000
do
do .....1875 6
M AN
Nov. 1, 1917
1537.000
do
do .....1876 6
M AN
May 1,-1918
1)38,000
do
do _ .1877 6
_
M ANM ay 1, 1919
1) 20,000
do
do ... .1S78 5
M AN
M ay 1, 1920
1>40,000
do
do ... .1880 4
M & N ^, day, 1920-1930) 302,000
bt. $25,000 yr’ly |
$
do
do ... .1881 4
M & N
M ay 1, 1921
5 a30,000
do
do ... .188r> 4
M A N
M ay 1, 1922
a28,000
do ... .1882 4
do
Nov. 1, 1922
M & N
a24,000
do
do ... .1885 4
F & A
Feb. 1, 1925
al0,000
Hawk SLViad’t . . .1889 3% F A A
Feb, 1, 1894
10,000
do
d o ..---- .1889 3^2 F & A ^ Feb. 1,1895-1909 )
75.000
$5,000 yearly, \
Dudley Observatory.1892 2
J & D ^ J ime, 1893 1907 )
15.000
$1,000 yearly, £
a Interest payable in Albany,
c Interest pay able in Boston,
b Interest payable in N ew York
W A T E R DEBT.
LOANS
NAME AND PURPOSE.
Water . . . .
£
3
do ............ ^
do ....
do . ...
8^
3
>iO
do
do
do
do
do
do
do
*E
f
-Interest.— .
-P rin e ip a l.Rate. Payable.
When Hue.
Outstand'g.
1874
Feb. 1, 1900
$ 100,000
1S74
Feb. 1, 1901
100,000
1874
Feb. 1, 1902
90.000
1874
Feb. 1, 1903
99.000
5 Feb. 1,1894-1896) 150.000
1876
l $50,000 yearly }
1876
Feb. 1, 1906
100.000
1876
Feb. 1, 1908
50.000
1876
Feb. 1, 1909
50.000
1877
Feb. 1, 1911
50.000
1877
Feb. 1, 1912
50.000
5Feb. 1.1898-1901)
1881
i $50,000 yearly. 5 200,000
—N ew York of course has very extensive banking facilities and her
banking capital, resottrees and deposits are large. I f the national indo
F < A 5 Feb. 1, 1894-1907)
fc
70.000
t,a 1S87 4
< $5,000 yearly. 5
stitutiona in recent years have not grown as fast as might be supposed,
it must be remembered that the trust companies {save enormously ex
r* 1888 4 F & A 5 Feb. 1,1894-1908 )J 112,500
do
) $7,500 yearly.
s <
tended their business during this period, taking considerable deposits
(
)
do
1888 4
J & D ) June 1, ’93-1908 ) 280,000
which form erly went to the banks, and furthermore that the ordinary
$17,500 yearly.
is
State commercial banks have been gaining In number and popularity.
2
May 1,1893-1907 ) 150,000
do
1888 3% M & 1 0 $ 10,000 yearly. 5
-188
National,
National,.
Slate.
Vole,
STREET IM PRO VEM ENT BONDS.
.He w T<MHK*
(Dee. 9, *924 cOre. 15. *924 (IMe.. .244
(Dee. 264
319
02
lm
No. o f banks.....
325
Principal and interest paid by holders of projierty benefitted.
C a p ita l
,#85,806,060 #32,533,700 #82,004,760' #21,850,700
LOANS—
— Interest.— . ,--------------- Principal.
27,358,522
52,324.317
12,592,587
Surplus kprofits, 82,392,702
When Due.
Outstand’g.
NAME AND PURPOSE.
Rate. Payable.
Depos. imlivid'l, -102.790,484 211,304,136 339.448.400 140,090,499
M.-iriv-m Av, 2 aer....lB'92 4 M & N
n
Nov., 1893-98
$36,000
There arc, it w ill lie seen., *17 State and national banks and the Quail S treet.. . . . . . . . . 1892 4 M A N
Nov., 1893-06
12,000
Nov., 1893 96
72.000
Oggregato capital o f these In- Illation* at the Intel- elate w w #118.- A lIi'ii St. 2 scr.......... 1892 4 M A N
28.000
Pine A v e n u e.....___1892 4 M A N
Nov., 1893-96
-429,766, with aggregate d**p« sits of #614,100,620 and aggregate sur B road wav ...........
34.000
1888 8*g M & S
1893
plus and profit* of #109,754,224 In addition tfrern v r w on Jan. 1,
5.000
"
. .. .. . .....1889 3% M & 8
1893
120,000
3*3
8
1893 34 loan and trust companies., with #25,950,0*10 capital, #264,. Clinton Av c ............ .1889 3hs M & N March 1, 1894
,
State Ht................ 1890
M A
1893-4
16.000
profit*. The State Trinity Place..............1890 3% M A N
.295,047 deposit* and #38,787,892
4.000
1893-4
bank:* have inerea*o«l very dcvide*4ly since 188,5, the number In. oper- Lark 8 t. . . . . . . . . . . . . . . 1890 3hj M A N
8.000
1893-4
10,000
Lake A v o .................1 8 9 0 3hj M A N
1893-4
while »w then
stiou Deeember 26th of that year having bm » only
19,800
Jay S t...... .............. 1890 Shi M A N
1893-4-5
have
nr* 10 2 , and Ife tr a it
si dee 41 y, m
13,620
Central A v e ..............1890 3*s M A N
1893-4-5
l
o n ly in numtee but ;ii ©xiunt o f their o^oration*, th«.r« having Iroen A ll.a St. 1 m r .........1890
17,100
.
3% M A N
1893-4-5
34,500
1893-4-5
orporation*, with. $14,217,550 Hamilton St*............ 1891 3*s F A A
31,
i imlf *J0 of
t
7,500
Lan casterS t............1891 3*s F A A
1893-4-5
oaplbki, sflJW, 407,!> 47 itefMMUt* aa4 $11
13*231
and profit*. Watcrvllet A v e .. .. .. . 1891 342 F A A
23,400
1893-4-5
T&® gfowTli o f *avln g* bank *lor»o#It* ha* b M rapid, m may bo Albany St.......... .......1891 3 hi F A A
9,525
1893-4-5
135,000
Madison Av, 1 ?er,,..1891 3*s M A N
1893-1895
f rom lliu M l o t l s g : —
50.000
do ls c r.2 te u e .1 8 9 2 3*2 M A N
1896
1^80,
l
1875.
69,600
Dei a %arc A vo.........1891
3% M A N
1893-1900
Bttvinrpf Batiks. (JoiwlY.*
fB m .w i. )
(TPe. 3 1 j
(Dee. 314
42.000
Woodland A v e .........1892
3 *2 M A N
1893-1896
12M
No. o f bank*...,
8,960
Montgomery 8 t......l8 9 2
3*2 M * A N
M
N
1893-1896
953,707
►
,738
No, o f depo*it’ r*
The total amount of etreet Improvement bonds outstanding on Janu>,202
Amt. of dcp M 1 *.|
1
33,* >,701 .tr , 1 1S!I3 was $776,405. Of this amount tli6 sinking fond held
Sfitrp- A
371 i $376,005.
A v , em. tmpemit.
R A ILR O A D LOAN.
held in the
While on Jan... l , 1#
Payable by Delaware & Hudson Canal Co.:
■T70, they held
m
aggregate 1,503,* 04 m
LOANS—
— Interest.— . ,------------Principal.
cart the total
only 850*7211 ac® mnU,
Outstand’g.
NAME AND PURPOSE.
Hate. Payable.
When Pile.
273.
# f d*fw>*it* inerei m& tr
$1,000,000
Albany & Stisqneh'a R.R. 6
M & N
*1895-1897
s
$250,000 due in ’95 atfd ’ 9 7 ; $500,000 due in '96.
L’ : - cash and rnttro-.t-bea ring securities held in sink. fund.
UITIfift, (JOUNTIES AND T o w n s
1% TUM:
STATE OF NEW YORK.
ALBANY.
Albany i» i® Allw
debt rm tf the !*»«.■
** Water- Debt**
i
ikchbol tm w i» to ft
#1,800,000 o f Wat*
f JAM ES FI. M A N N IN ® . Mayor.
I d ! A ELKS A. II ILLS, Chamberlain.
County, In the statement o f the city's total
fitter the heading* “ Qeaenfi Sonded D e l # and
iidcil. The city ha* legislative authority to isaue
Muoubt o f $1JK>O,0O0, and % bill auihortxlng
Mid* was introduced I » t month.
511,364
Net railroad debt Jan. 1,1893.........................................
$488,636
T O T A L D E B T, SINKING FUNDS, Et c . - T I ic subjoined statement
shows Albany’s total general and water debt and the sinking fund
hold by the city against the same on each o f the dates indicated,
Apr.1,1893. Jan.1,1893. Jan,1,1892. Jan.1,1891.
General bonds....
$2.28 OOO
000
10 000 ,.514,200
Water bonds.............. 1,651,500
1,714,000 1,754,000 1,794,000
Total bonds............
Sinking funds...........
3,934,500
852,316
$4,036,000 $3,863,000 $4,342,200
843,135
502,401
646,881
Net debt...................$51082,184 $3,192,865 $3,360,599 $3,695,319
Tito sinking funds are invested mostly In the city’ s own bonds. In addition to the total debt as stated above there is the railroad
loan for $1,000,000 Issued to the Albany&SnsqnehannaRR.Com EN'EEAL BONDED DEBT.
- P r i ncipaL - — — s pany and soenred to the city by a first mortgage payable, principal
LOANS—
Due.
OuUfHind'g. and Interest, by the Delaware & Hudson Canal Company. The street
tale, Paptt.
BAMS mt> PURPOSE'
improvement bonds are payable by special assessment on property
Bcri:Lt>o-ft Ant) $ rf* i B ov 0
5
$115,000 benefitted, and therefore they also are omittedin the statement of the
May 1. 1004
P. O. sit*
, 1874 ’ 7
M A N
cl2,000
Feb., 1891
H a ll......... ,1806 6
F A A
city's total debt.
t f Jan. ’94 to 1909 i
P ob lir Market
j * 4 ) # 10,000 yearly. ( 150,000
j
.188$ 4
ASSESSED VALUATION.—The city’s assessed valuation and tax
5 M ay 1 ’93 to 1911 ?
95,000 rate at different periods have been as follows, property being assessed
51 A N i $5,000 yearly. $
Pnbii.’ buHd'g bonds , 1892 4
165,000 at about its actual value.
May 1,1912
do
do
is o s 4
M A N
SJoly 1 , ’Oo to '09 \ a io = ooo
Rate o f Tax
Personal
Real
City H a ll............ . ,1882 4
j * j > r . a .000 y a r iy . i * 1Zo> W
0
Total.
per $1,000.
Properly.
Estate.
July 1 , 1910
620,000 Tears.
do do
j & j
..1882 4
$71,172,345
$18-00
$6,455,135
March. 1804
blO.OOO 1892................. $64,717,210
M A 8
City improvement . .1871 7
70,389,755
17-40
C,111, 560
64,278,195
b50,000 1891.................
do
do
M & 8 March 1, 1895
.1870 7
69,662,571
19-00
6,282,525
1890.................. 63,380,046
_
68,747,055
20-00
5,814,490
M A S < March 1806-1WX)) h298,000 1889.................
do
“o
.1870 7
62,932,565
8 ( $60,000 yearly {
’
44
Tears.
ST/VTE j
W
Real
Estate.
1888.......... ...... $61,087,445
1887.......... ....... 61,245,455
1886.......... ....... 60,728,720
1885.......... ....... 60,381,215
1880......... ........ 34,310,305
1875.........
1870......... ......... 24,981,511
1865.......... ....... 20,598,009
1860......... ........ 20,283,245
1855......... ........ 17,522.414
9,430,100
1850......... .......
7,792,340
1846......... ........
Personal
Property.
$5,726,110
6,326,900
6,154,270
6,044,250
2,790,120
3,764,550
5,954,825
8,637,156
6,006,803
4,852,847
3,171,589
3,449,098
Total.
$67,713,555
67,572,355
66,882,990
66,425,465
37,100.425
35,070,224
30,936,336
29,235,165
26,290,048
22.375.261
12,6 1,689
11,241,438
Rate o f Tax
per $1,000.
$21*60
17*60
18*40
20*60
3000
35*60
45*70
30*20
12*60
14*90
15*70
13*20
Tlie tax rate in 1891 included State tax, $1-98; county tax, $5-70, and
city tax proper, $10*32; total, $18*00.
P O P U L A T IO N .—In 1890 population was 93,313; in 1880 it was
90,758; in 1870 it was 69,422.
A L B A N Y C O U N T Y . — J ohn B oive, Treasurer.
County seat is tlie city o f Albany.
LOANS—
When Due.
County H ale
s e s , A&O, $50,000...Oct. 1, 1901
3*2S, A&O, 50,000...Oct. 1, 1902
3*ss, A&O, 45,000. Oct. 1, 1903
4s, M&S, $26,000.. .Mar. 1,1909
4s, M&S, 28,000...Mar. 1, 1910
W a r Bonds (R efunded )—
4s, M&S, $30,000...Mar. 1, 1911
4s, M&S, 18,000... Mar. 1, 1894
($1,000 due yeaily) to Mar. 1, 1911
W ar B onds—
6s, M&S, $50,000...Mar. 1,1894 4s. M&S, $12,000...Mar. 1,1912
’93.
------$829,000
5s, M&S, 44,000...Mar. 1, 1895 Total--debt Apr. '1, fjgg
5s, M&S, 43,000...Mar. 1, 1896 Sinking fund receives
yearly in cash.......
20,000
5s, M&8, 87,000...Mar. 1, 1897
4s, M&S, 150,000. .Mar. 1,1898 Tax valuation, real... 95,178,568
8,152,777
($50,000 dney’ rly) to Mar. 1,1900 T ax valuation, per’al.
4s, M&S, 60,000...Mar. 1, 1904 Total valuation 1892. 103.331,345
4s, M&S, 90,000...Mar. 1, 1905 Total valuat’ n 1890 . 101,749,256
($30,000 due y’rly)to Mar. 1,1907 Population 1890 was........164,555
4s, M&S, 26,000...Mar. 1, 1908 Population 1880 was........ 154.890
I N T E R E S T is payable at the City National Bank, Albany, The
bonds are all registered except the 6 per cents.
A L E X A N D R I A . - F eed. T. H olmes, Supervisor.
This town is in Jefferson County.
LOANS—
When Due. N et debt Jan. 1, 1893... $44,600
Stock in Utica & B l’ k R.
60,000
M orristown & P iiil a . RR.,
T ax valuation re a l....... 1,230,695
(since consol, with Utica &
T a x valuation, personal.
55,975
Elack R ive r)—
7s,M & N ;$52,100......... .........1901 Total valuation 1892... 1,286,670
Total tax (per $1,000)..
$6-20
Int. is pay. at Watertown, N. Y.
Total debt Jan. 1, 1893... .$52,100 Population in 1890 was........ 3,300
Sinking fund assets......
7,500 Population in 1880 was........ 3,135
A M S T E R D A M .—
This city is in Montgomery County.
Waterbds. (lat’ st returns) $250,000
Sewer bonds..................
(?)
Valuation, real............... 7,160,379
Valuation, personal....... 1,210,300
Total valuation 1892---- 8,370,679
Vol. LIY
GJTY SU ?fi£lvr£W T ,
Total valuation 1890. ..$8,327,425
Receipts 1892.................
55,673
Expenditures 1892........
53,777
Population in 1890 was.
17,336
Population in 1880 was.
9,466
A N D E S . — J. P. Scott. Supervisor.
This town is in Delaware County, I t contains a village of the same
name.
LOANS
When Due. T ax valuation, personal.. .$80,000
Total valuation 1892........ 805,000
RR. Bonds—
-s. M&S, $95,000....................1901 Total tax (per $1,000)...... $13*10
Total debt Dec.27,1892...$95,000 Population in 1890 was ab’t . 2,264
T ax valuation, re a l.......... 725,000 Population in 1880 w as........ 2,639
A L L E G E D D E B T .— I d 1871 certain persons claiming to be railroad
commissioners of this town issued the above-described bonds in aid of
tlie Delhi & Middletown RR. In 1882 interest to date and $3,000 prin
cipal having theretofore been paid* twenty-six taxpayers secured an
injunction to restrain the Supervisor from levyin g a ta x to meet either
principal or interest of the bonds. In November 1892, at a special town
meeting, it was resolved to refund the bonded debt at 60 per cent. See
Chronicle o f Dec. 31,1892.
LO AN S—
When Due.
A lbany & Susq. RR. B onds—
3h!S, F&A, $91,000.. .Aug. 1, 1907
3 hj8, F&A, 62,000...Aug. 1. 1918
Aumuil interest charge.
$12,550
Tot. debt (lat’st returns)
331,000
T ax valuation, real...... 16,290,985
3>as, 8-A, $30,000................1909
3^s, S-A, 47,000................1929
Tax valuation, personal 2,010,798
3*28, 8-A, 33,000.................
Total valuation 1890.. .18,331,798
Population in 1890 was...... 35,005
Water B onds78, F&A, $22,000...... Aug. 1, 1901 Population in 1880 was...... 17,317
IN T E R E S T .—On the railroad bonds is paid at tbe City Treasury;
on the water bonds in N ew York.
3L., M&S, $47,000.. ..1893 to 1907
B uidge Bonds—
P R D A I/ 1 VNT
> D A V ID A. B O O D Y, Mayor.
L3 .trS .LJLJI V I LN.— j H A L S E Y CO RW IN, Comptroller.
Tbe city covers most of tlie area of Kings County, and it is therefore
indirectly responsible for tbo county’ s debt, which county debt on
August 1, 1892, amounted to $5,816,644.
Brooklyn has grown
with great rapidity, and has consequently been obliged to issue of late
years a large amount of bonds for city improvements, w ater works,
etc. On March 23 1892 the city sold .q'e per cent bridge bonds at
1034. In the follow ing statement loans wholly in tile sinking fund
are distinguished by » . f . prefixed to the amount outstanding, and a
paragraph mark (If) added to the title o f a loan indicates that it U
exempt from taxat ion.
— rin cip a l
P
LO ANSfntonref.—*
When Due.
Oalstand’g.
NAME AND PURPOSE.
Rate. Payable.
Arrearage 10-40s............... 4
J & J
July 1, 1923 $1,650,000Subject to call July 1 1893 $150,000 in sinking fund.
549.000
docounty ta x es... 4
J & J July
1, 1924
700.000
do
10-40s.............. 3*2 J & J July
1, 1924
Subject to call July 1,1894
S
ridge B onds—
Brooklyn City bonds C l
for
S7
completion of bridge. (7
7
do
do
...... 6
do
do
6
do
--do
do
...... 6
do
do
...... 6
do
do
...... 6
do
do
...... 6
do
do
...... 6
do
do
...... 5
do
do
...... 5
do
do
...... 5
do
do
...... 5
do
do
...... 4
do
do
...... 4
-do
do
...... 4
do
do
...... 4
do
do
...... 4
do
do
...... 4
do
New York Bridge ...... 7
do
...... 7
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
» do
do
do
do
July 1, 1905
J & J
Julv 1, 1906
J & J
July 1, 1907
J & J
July 1, 1908
J & J
July 1, 1908
J & J
July 1, 1909
j & J
July 1, 1910
J & J
July 1, 1911
J & J
July 1, 1912
j & J
July 1, 1914
J & j
July 1, 1916
J & J
July 1, 1917
j & J
July 1, 1918
J & J
July 1, 1919
.1 & J
July 1, 1920
J & J
J & •
T July 1, 1921
July 1, 1922
j & J
July 1, 1923
J & J
Jan. 1, 1925
J & J
July 1, 1927
& J
,t
July 1, 1928
J & J
July 1, 1900
j & J
5 July 1 ,1901-’04 )
J & J ( $100,000 yearly. 5
July 1, 1905
do
July 1, 1906
do
July 1, 1907
do
July 1, 1908
do
July 1, 1909
do
July 1, 1910
do
July 1, 1911
& J
do
July 1, 1912-’ 16 }
& J $100,000 yearly. ]
do
July 1, 1917
do
July 1, 1918
do
July 1, 1919
do
July 1, 1920
do
July 1, 1921
do
July 1, 1922
do
July 1, 1924
do
Jan. 1, 1921-’ 26
do
Of this loan $60,000 is in the sinking fund.
J
Jan. 1, 1922
1892 3*2
do
T $Jan. 1, 1923-26)
1892 3*2
do
J i $200,000 yearly. $
J
Jan. 1, 1927
1892 3*2
do
, $ July 1, 1923-27)
1892 3*2
do
$100,000 yearly. 5
do
1892 3*2
&
405.000
400.000
345.000
100.000
260,000
400.000
440.000
400.000
400.000
350.000
300.000
500.000
250.000
810.000
319.000
371.000
400.000
200.000
257.000
300.000
356.000
50.000
400.000
71.000
128.000
101.000
50.000
100,000
100,000
50.000
500.000
91.000
105.000
104.000
200.000
181,000
154,000
65.000
360,00t
80,000
800.000
100,000
500,000
600’000
I mprovement B onds.—Various purposes
A U B U R N . — D a v id W adsworth , J r ., Mayor.
__
,.
,
,
rr T S T S July 2>1893-’95
27.000
Fourth avenue im pts—
7
J & J J $7,000 yearly.
Of this loan $2,000 is in the sinking fund.
,
,
.
t c t
30.000
........... s
6
J & J 5 July 2 , 1893-’953 \
| $10,000 yearly. >
*
do
do
200,000
July 1, 1893
Local improvement......IT 4
J & J
Feb. 13, 1904-’ 16 1.300.000
do
—
do
$100,000 yearly.
T $ Jan. 1, 1916-*24
900.000
J & J *$100,000 yearly.
do fund, .
do
Of this loan $400,000 is in the sinking fund.
100.000
1918
&
Jan.
1892 3*2
do
do
100,000
1919
Jan.
do
1892 3*2
do
T 5 July 1, 1905-H0 ) 600,000
3
Eighth ward improv....1F
d * $100,000 yearly. 5
50.000
J
July 1, 1911
do
do .........
Jan. 21, 1917-’20 ) 400.000
School improvement— U
J * $100,000 yearly.
Jan. 1, 1916-’23 )
J & J $100,000 yearly. S 800.000
do
do
Tliis city is the capital o f Cayuga Counts*. The sale o f the plant of
the Auburn W. W. Co. to the city of Auburn fo r $425,000 was ratified on
March 1,1893, and the city w ill take possession on the 1st o f July.
LO AN S—
When Due. 4p, M&S, $30,000
Mar. 1,1903
B oakd of E ducation Ce rtif ’ s— 3s, M&S, 25.000. . . . Mar. i,18 94
... Mar. 1, 1899
3s, A&O, $16,000....... Oct. 1, 1893 3s, M&S. 20.000.
($4,000 due yearly) to Oct. 1,1896 3s, M&S, 2 0,000.... Mar. 1,1900
20.000.
... Mar. 1,1901
3s, M&S,
F unding B onds—
... Mar. 1,1905
5s, A&O, $10,000... Apr. 15, 1894 3s, M&S, 20.000.
. . . Mar. 1, 1906
3s, M&S, 40.000.
Southern Central R R .—
... Mar. 1,1907
5s, M&S, $S0,000....Mar. 1,1895 3s, M&S, 40.000.
... Mar. 1, 1909
5s, M&S, 50.000....M ar. 1,1897 3s, M&S, 25.000.
4s, M&S, 30,000....Sept. 1,1902
I N T E R E S T — W H E R E P A Y A B L E .— Interest paid on city bonds at
City Treasurer’ s office;, on sohool bonds by Board of Education.
T O T A L D E B T .— Tlie city’s total debt Mar. 9,1891, was $590,000.
AS S E S S E D V A L U A T IO N .— The city’ s assessed valuation and tax P ar k B onds—
6.561.000
July 1, 1915
Prospect Park................ 7
131.000
July 1, 1916
rate bave been as follows, property being assessed at “ about 70 per
do
do
500.000
Jan. 1, 1917
do
do
cent actual value.”
410.000
Jan. 1, 1918
do
do
Rate o f Tax
Personal
1.092.000
July 1, 1924
do
do
Total.
per $1,000.
Property.
Years.
Peal Estate.
Jan. 1, 1912-’ 16 349,000
Park purchase bonds___
$10,094,794
$1,711,063
1892 .................. $8,383,731
Sewer Bonds and Certificates of D e b t :
10,846,732
l,8 “ .>,526
r
1891.................... 9,041,206
Jan. 1, 1894
s f 42,000
Cert, of debt 3d av. sewer 3*2 J &
11,020,340
$25-30
2,057,810
1890................... 8,963,530
July 2,’93,to 1905) 372.000
10,987,680
1,944,625
1886................... 9,043,055
Kniok.Av.se’r 3*2 J &
do
$29,000 yearly. 3
9,852,317
1,766,117
1882................... 8,086,200
100.000
Jan. 1. 1915
1892If 3*2 J &
do
The ta x rate of $25-30 in 1890 included State tax rate, $1*201 per
2
100,000
Jan, 1, 1916
1892V 3*2 J &
do
43,000
$1,000; county tax, $8’32is per $1,000, and the city tax proper of
Jan. 1, 1922
18921T 3*2 J &
do
T 5 J an. 1 ,1923 to 26, ) , no nnrt
$15-77.
do
1892V 3*2 J & J * $ 1 0 0 ,0 0 0 yearly. £ ‘1 0 0 ,0 0 0
P O P U L A T IO N .—In 1890 population was 25,858; in 1880 it was
do
3
J & J J u ly 1,190 6& ’07 s.f.49,161.
do
J u ly 1, 1908
*.**.90,000
21,924 in 1870 it was 17,225.
J & J
Main sewer relief, etc___ 3
J u ly 1, 1922 s.f.117,000
3
J & J
do
—
do
t 5 J u ly l,1 9 2 3 ,to ’26 )
do
—
3
J & J * $ 1 0 0 , 0 0 0 yearly. $ 4 0 0 000
do
B I N G H A M T O N . — B. S. Curran * Mayor.
4UU,UUU
Twenty-sixth and adja-) 3
Binghamton is the county seat of Broome County. The water works
115,000
Jan. 1, 1914
J &
cent wards..
are estimated to be worth $1,000,000.
A p r il,
1 > !• ;».
TM£W YOftK-eiTI&S
----------- Principal.— — -----LOANS—
— Interest.—
NAME AND PURPOSE.
Kate. Payable.
When Due.
OutstmuPa.
Se WEK BOVIJ- i NI» l.'BKTIPt"gates U D ebt (C on tin u e
u
26th & adjacent wards. *92 3%
$200,000
Sit e a n s j 1 BUILDING LOANS:
v Jan.1/94, to 1903
Fourth. Precinct station.. 3
J & J
« $5,000 yearly. (. sf.50,000
?
Manic! pal site,...... .
3 , J A J J u ly !.1914*1915 sf.265,000
m arket.. . . . . — f 3
J & j
Public
Jan. 1, 1917
250,000
3
doj *
J
ib> .............
Jan. 1 . 1918
250.000
do
3
J A J
Jan. 1, U)19
250,000
r 5 duly 1.1.920,to’2 4)
J A
Public site and const’e-t’n 3
f $ 100,000 yearly. \ 500,000
Of this loan $100,000, ttue m 1921 , i* in sinking fund.
School building..........A
3
J & J
Jan. 1, 1917
4,000
do ___
do
3
J A J
Jan. 1 . 1918
50,000
do , , . . . . . . . IF 3
do
J A J
Jam 1 , 1919
50,000
Jo ___1892* 3% J < J
do
fc
Jan. 1, 1918
100.000
do --- 189*2*" 3% J & J
do
Jim. l , 1919
100,000
Julj-.l,*93,to 1900)
SobTrs* and safTrs* m on'i 3
j A jJ
$15,000 yearly. 3 « f 120,000
S o ld ie r s’ A id F und —
do
7
J & J
Jan. 1, 1S94
60,000
T an C tin i t le atks —
J tfe J
Tax eer till cates............. 4
1894
1 ,000,000
do
do
. . . . . . ___ 3 l2 J & J
Apr. 23,1894
1 ,000,000
do
. . . . . . . . . . 3%
dO
1895
700,010
Wa te r Bonds —
Water bonds,................ . 7
j A J
Jau. 1, 1904
287,000
do ......... .
do
7
j A J
Jan. 1 , 1906
60.000
J A J
do
do .................. 7
Jan. 1, 1909
87,000
do
do . . . . . . . _____ 7
j A. J
July 1, 1909
100.000
do
do ........... .
J A J
7
Jan. 1. 1910
341,000
do , ______ .... 7
do
J & J
July 1 , 1910
97,000
do
7
J & J
July 1, 1912
07,000
do
do .............
J A J
6
July 1, 1896
1,129,000
do
do .................. 6
j A J
July 1, 1899
2,715.000
do
do . . . . . . . . . . . . . 6
J A J
Jan. 1, 1902
1,229,000
6
do ............ .
do
J A J
Jau. 1, 1904
260,000
do
do .............. 0
J & J
Jan. 1, 1906
30,000
6
a«
do ---- -. .. .. .. .
J A J
445,000
Jan. 1, 1907
0
do
do ............... .
J & J
Jan. 1. 1909
100.000
J A J
do
do . . . . . . . . . __ 4
Jan. 1, 1910
1,400,000
do
do
4
J
J
1,500,000
Jan. 1. 1911
do . . . . . . . . . . . . . 4
do
J A J
July 1, 1911
389,000
do
do
1892
J
J
400,000
Jan. 1, 1911
do
do
1892
J A J
Jan. 1, 1912
1,500,0(0
do
J A J
do
Jan. I, 1905
500,000
3
do
do . . . . . . . . . . . . .
J
Jan.
1906
■
f
500,000
do
do . .. .. .. . .. ___ 3
J A J
July 1, 1908
500,000
do
do ......... .
3
.1 A J
Jan. 1. 1909
600,000
PAR VALUE OF BOND'S.~~4ita Dkiyu 'a bonds uearly all for $1,000.
T A X FREE.—Loan* will.*K nre f
t from taxation have a imragraph mark (f> added to t be tltie o f
i© Joan. The scIkxill building
bond#m e exempt from loesitl tax
TOW m
45*
that in consequence of the wording of the revised law o f 1892 the
question was raised whether any deductions could he made from the
total indebtedness in ascertaining the 10 per cent limitation. On ac
count of this discussion the city authorities have determined that until
the point is settled the city’s debt shall not be Increased beyond the
figure which may be reached without any deduction for any purpose.
The matter has been brought before the Legislature In Senator MeCarren’ s bill, which has already passed the State Senate. The b ill provides
that Brooklyn's water bonds and certificates of indebtedness issued in
anticipation of the collection of taxes shall not be considered a part o f
the debt in the meaning of the Constitutional provision that no city
shall contract indebtedness amounting to more than 10 per cent of its
assessed valuation.
ASSESSED V A L U A TIO N .— The city’ s assessed valuation and tax
rate have been as follows. Improved real estate in this city is assessed
at about 70 per cent o f its actual value, and unimproved real estate at
about 50 per cent.
Real
Personal
Rate o f Tax
Years.
Estate.
Property.
Total.
per $1,000.
1S92............$467,112,382
$16,615,947
$483,728,329
$27-70
1891............. 448.802,470
18,111,779
466,914,249 25-67
1890............. 430,911,794
21,846,807
452,758,601 29-482
1889............. 407,127,535
21,330,546
358,270,667 26-50
1888............. 385,904,998
22,597,240
354,140,088 26-563
1887............. 362,166,083
21,685,591
383,851,674 27-595
1886............. 339,922,812
14,217,276
408,502,238 27-34?
18,85............. 336,221,357
22.049.310
428,458,081 29-482
1880............. 223,620,197
11,215,794
234,835,991 26-90
P O P U L A T IO N .—In 1890 population was 806,343; in 1880 it was
566,653; in 1870 it was 396,099.
_ > CHARBES^F. BISHOP, Mayor,
_
: E. G A V IN , Comptroller.
Buffalo is in Erie County, and the city’s tax valuation is about t6 that
of the entire county.
LOANS—
* - Interest.— .
----------Prin cipal-----------.
NAME an d PURPOSE.
Sate Payable.
When Hue.
Outsland’g
1. Cit v L oans —'Va r io BS P urposes :
A & O
Volunteer r e lie f....... 1880
Apr. 26,1899
$25,000
Chicago Fire........... ,.1880
A & O
Oct. 5, 1897
50,00C
Municipal building— 1890 3«a I & J July 15,’93 to 1905
65.000
uey, re f..... f... 1890 3H M & S Mur. 1893 to 1905
155.000
do do c ity.........1892
J & J
July 1, 1893
10.000
July
do do election. ..1892
July 1, 1893
11,655
Swing bridge, re f___ .1887 3 -1 J & J
Jan. 1, 1902
1
45,500
Market___
..1890 3 b, A & ()
Apr. 1, 1920
80,000
Plank road award ... .1390 3
J & D
June 2, 1910
115.000
July 1,’93to 19015,
J & j ; $142,831 yearly, j 1,235,480
Buffalo Charter loan .1891 3h3
\
City and County Hall. 1872 7
F & A
Aug. 1, 1902
100,000
do
M & N
100,000
do
.1873 7
May 1, 1903
150.000
do
.1873 7
M A a
Sept. 1, 1905
do
IN T E R E S T -W H E R E PAYABLE Interest on registered bonds Is
200.000
.1874 7
J & j
July 1, 1907
do
do
paid at the office o f City T itm m te> in the City Hal!, Brooklyn. Coupon
*r
125.000
do
do
Sept. 1, 1910
.1875 7
M A H
Interest. * .payable; at the Hiissaii Si
i
Bmitik o f Brooklyn.
50.000
do
cto
.1891 4% M & B
NOV. 1. 1911
84,069
Var
1893
local w ork ., .1892
Var.
TOTAL D E B T , SINKING FUND S, E tc .-T h e subjoined statement Monthlyonus fob Parks : 3
2. B
•hows Brooklyn'* Iota! del'*
ug fund held by the city Park ......................... 1870 7
100.000
July 1, 1915
100,000
July 1, 1916
1870 7
again*t the same, on the firs
aeh of the la*t three years, 1 do ..............
150.000
July 1, 1937
1992.
1891.
i do ......................... 1870 7
50.000
•Tan, 1, 1918
do ..........................1871 7
Ordinary d e b t . . . . . . . . . . . . $3 2,818,<105
$*.19,253,161
$27,602,161
100.000
.Inly 1, 1919
do ......................... 1871 7
4,566,000
W ater d e b t . . . ___i
2,066,000
10,582,000
100,000
July 1, 1921
do ..........................1872 7
1 ,000,0C >
W
833,000
948,000
Temporary debt.......... . .
95.000
Jan, 1, 1923
1873 7
T a x eerttlfcates....„........
9dOO0.000
3,000,000 J do ......................... 1,873 7
100,000
Dec. 1, 1924
& B
do .........................
100.000
Jan. 1. 1924
& J
do .........-.............. 1874 7
ft 15,752,16 !
Total debt. .......... . $5
$-12,192,161 | do ......................... 1875 7
100,000
Jan. 1, 1925
& J
Slaking funds ..... .....
3,327,37'1
4,000.595 [
1,636,994
100,000
July 1, 1925
A J
do ......................... 1875 7
100,000
Jan. 1, 1924
A J
do .........................1876 6
S e t debt cm Jan. t .. -$i 6,513,111
$33,131,500 j
$ 12,421,790
120,000
Feb. 1, 1927
do ......................... 1887 3% F & A
The debt o f Kings CkWtvt.%separate tnm the debt o f Brooklyn, on
50.000
Jan. 1, 1925
do ......................... 1890 3% J & J
50.000
July 1, 1910
,T & J
do ..........................1880
August 1, 1902, was $5,916 ,6 } t, o f which he city Is responsUit© for
30.000
July 1, 1926
J & J
do ..........................1880 3
200,000
July 1, 1921
do ...........
1891 3% J & J
S IN K IN G R I N D . “ The - n k l„« fuml U nvc.!»-<l In flic elty’a own
3. E a h .boau L oans ?
—
75.000
June 2, 1893
J & D
twmb*, tbuse issues market r with •**, r." to tlie table above being 1 Buff. AJamestowuRK. 1873 7
75.000
July 1, 1894
J & J
do
do
1875 7
held entirely by this fund.
77.000
Oct, 1, 1895
A & O
do
do
1875 7
75.000
Aug. 25,1899
F & A
DEBT-—H O W T O BE P*M D .-T U c total debt on Jau. 1, 1892, as j
do
do
1879
75.000
Jan. 1, 1913
do
do ref., 1893 3% J & J
above stated, was $45,752*1
r In which this amount ia !
75.000
Feb. 1, 1913
do
do ref,. 1893 3 h F & A
to be raised Is
forth in th e follow ing Utah jment:
30.000
Apr. 1, 1901
A & O
Buff. N.Y. A Phil. RR., 1884 4
. ..................$16,708,000 : Buff, k Jam rad’ ll E B „ 1881 4
B y fa x m city at targe, var! tii« Iu»^fi«
75.000
Nov. 1, 1902
M & N
................... .
3,848,101
75.000
By tax *m first 25 wart;!.*, m
Jan. 1, 1904
hopd<t
,T & ,T
do
do
1885 4
30.000
Water leans* by first 25 weed « Onturret from water revenue) 12,066,000 | Bn 1, it. Y. A Phil. HR., 1885
.Tan. 1, 1904
J & J
1
75.000
'
Apr. 1, 1902
tml tl«! aoth to
Bull. ,v James!'» RR., 1888 3% A & O
25th w
sy**|i%
............... 8,697.000 [
75.000
Feb. 1, 1904
do
do
1880 3*3 F & A
4.0,000
ms years . . . . .
3,000.000 Buff. N.Y. A Phil. RR., 1886 3% J & J
Jan. 1, 1900
Tax ccrttlieihn by arrears* o
100,000
flitted ...........
833,000 !
Oct. 2, 1909
gpeeint loan* by
do
do
1889 3% A & O
100,000
July 1, 1910
do
do
ref., 1800 3% J & J
100,000
$45,752,161 ]
Dec. 15,1910
do
do ref., 1890 5 -c J A B
100,000
July 1, 1911
do
do
ref., 1891 3hs J & J
The $3,849,161 bends pay able by tax on tl le first 25 wartls include alj |
100,000
July 1, 1912
do
do
ref,, 1892 3% J & J
Hie arrtvarnge bonds, the !o< si improvement bonds tine July 1, 1803. the
f A u g.l,’ 9 3 to l9 0 8 ) $200,000
«ohlier»‘ aid fund Imnds at (1 the eertiileates of iitdebtcdness for the j Schools........................ 1888 3% F & A 3 $12,500 yearly. ‘
i Nov.1,'93 to 1909 5
Third Avenue aiul Hie Knu.-VerlMieker A vena e sewers.
do
..................... 1889 3*2 M A N 3 $7,500 yearly. 5 127,500
issesanient on the property j
The $833,000 speeSal b>ai
150.000
Apr. 1, 1912
do
..................... 1892 3% A A O
benefftteil tneiiule the tth iTid Stb ward iniju-overaent bonds and the j
4. S e w e r L o a n s :—
238.000
M AN
M ay 1, 1913
Bird Avenue..............1883
ver iKimls.
20th and adjacent wards
390.000
C IT Y P R O P E R T Y .--T l.. efty owns real. estate and personal prop. Buffalo Trunk 1888-90...... 3% F A A ^^ y f ’ obo^yeariyf
200.000
July 1, 1918
17,745,909, this including $0,236,000 for ! Bailey Avenue. ....... .
®rty whleli It value* at
Sh J & J
10.000
Aug. 1, 1919
1889-90 3% F & A
ter work*. In addition It [ Buffalo Trunk,
$*mtk and $18,386
$5,000
Aug. 1, 1920
Buffalo Trunk.. ....... 1890 3% F & A
iritis# $40,013,000 stuck in tlm Snvr York ind Brooklyn Bridge. The j
w * a 5 Aug. 1, ’ 93-’ 1916 > 240.000
L . .1886^87 3
do
* & A i $10,000 yearly. 5
iarni:»gs o f the bridge ki 1.§§4 from tolls were $1,170,148, the total
5,000
Aug. 1, 1917
F & A
do
............ 1887
reeeipte being #1,289,785. A t prew-iit tl c *uri>I*ts over operating |
30.000
M ay 1, 1911
M & N
Babcock & Seneca St.. 1886
h *11 o-ii-aiuM ;u
30.000
M ay 1, 1912
M & N
do
do
200.000
Aug. 1, 1917
F & A
DEBT LIMITATION A^ID BORROW! NG P O W E R .—The city’s ' Flertel Avenue........... 1887
5. T a x L o a n s :
debt-making power t# limit *d #as will be more fully seen In our re. !
200,000
June 28,1900
T ax loan..................,1880 4*2 J < I>
&
vnumt " f New York State)
91,525
marks and
tdlluwli
Aug. 1, 1896
F & A
do
....................1891 4
™
81,092
Aug. 15, 1893
do
. . . . . . . . ___ ..1888 3% F & A
~
Bjt the I'tmel.tu.M.ii t « 111 jte cent o f til® to nl assessed value of real
88,536
Aug. 1, 1894
F & A
do
.................... 1889
en'ti&tej but tills p iw isfon , t id Obttstltlitier* rends, “ shall not be con.
79,562
Aug, 1, 1895
F & A
do
............. .....1890
130,639
•trued %o prevent tt e laaue »>f eertiffoatea of ndebtedness, or to proven.
Aug. 1, 1897
1892
F & A
do
5,807
Apr.21, 1893
A & O
Tem porarv loan...... .1892
the laaaiog o f bond* to pror? le for the water supply,” '
11,656
July 1, 1893
July
do
......1892
On January 1,1893. there was carried to the -inking fund the stun j
6. Wa t e r B onds :
200,000
debt to that extent and | Water .......
Sept. 1, 1903
of about. $#00,000, thus dee
M & S
1873
100,000
Apr. 1, 1905
A & O
do .................... ..1874
leaving it about f t ,0tw>,ooo within the 10 p* r cent Con.stftattonafiSM
100,000
July 1, 1906
J & J
do .. ..... .........1 8 7 4
tation, without a ay dediietlfttm fa r any ptim ones. It. shonhl he stated I
SI>m
46
CITY SU'frtEMETIT,
— Interest.— - ,----------- Principal,
LO ANSAmount.
When Due.
NAME and PURPOSE.
Bate. Payable.
W a t e r B onds (Concluded.)
$200,000
Aug., 1908-09
F & A
Water.
.1874-75 7
79,380
Oct. 1, 1908
do
....1874 7
A & O
50,000
Jan. 1, 1896
....1876 7
.1 & J
do
100,000
July 1, 1896
do
....1876 6
.1 & J
50,000
Sept. 2, 1898
do
M & S
....1878 5
200,000
A & () Apr. 25, 1898-99
do
.1879-80 5
50,000
July 1, 1904
do
J & J
....1880 4
100,000
M & s
Sept, 1, 1904
do
....1880 4
64,000
Nov. 26, 1897
M & N
do
....1880 4
100,000
A & 0
Apr. 25, 1900
do
....1881 4
90,000
A & 0
Apr. 1, 1901
do
----1884 4
100,000
July 1, 1905
do
....1885 3 -1 J & .)
3
100,000
Oct. 1, 1903
do
....1886 3*2 A & 0
100,000
Mcli. 1, 1906
do
....1887 3L, M & s
50,000
Apr. 1, 1906
....1887 3ia A & 0
do
100,000
June 1, 1902
do
....1888 3L, j & D
57,500
June 15,1908
do
....1888 33a J & D
275,000
June 15,1914
do
....1888 3L, J & .1
100,000
Dec. 1, 1908
do
....1888 31* .1 & J
225,000
M ay 1, 1919
....1889 33a M & N
do
100,000
Aug. 1, 1909
F & A
do
....1889 7
145,000
Oct. 1, 1909
do
....1889 3% A & <)
150,000
J & .1
J & J, 1910
do refunding. ....1890 31*
100,000
Jan. 1, 1911
....1891 3*o, J & J
do
do
50,000
Aug. 1, 1911
....1891 3% K & A
do
do
100.000
Nov. 1. 1911
....1891 33* A & 0
do
do
:uo A & 0
100,000
Oct. 1, 1912
....1892
do
do
10 0,0 0 0
Dec. 1, 1912
....1892 313 j & D
do
do
F R E E D O M FR O M T A X A T I O N - •The Buffalo trunk sewer bonds
•re exempt from city taxation.
I N T E R E S T - W H E R E P A Y A B L E .—Interest on tlie bonds is payable
b y City Comptroller in Buffalo and by tbe Gallatin National Bank in
N e w York, as fo llo w s :
- I nterest P ayable .
I n both N. Y . & Buff.
School bonds.
Buffalo Trunk sewer.
Swing bridge.
City and County Hall.
Market bonds.
Plank road awards.
Park bonds.
Municipal Court b’ld’g. Railroad bonds.
T ax loans
I n Buffalo only—
Water loans.
Deficiency loan.
Buffalo Charter, 1891.
Monthly local work.
Temporary loan.
T O T A L D E B T , S IN K IN G F U N D S , ETC.-Thesubjoined statement
•hows Buffalo’s total municipal debt, the sinking fund held by the city
•gain st the same, the water debt and the city’s floating debt on the first
Of January of each o f the last three years.
Jan. 1, 1891
Jan. 1,1893.
Jan. 1,1892.
Bonded debt................... $11,595,914
$10,099,399
$9,980,736
Floating debt.................. *2,309,758
..............
I n New York only—
Volunteer relief.
Cbioago fire relief.
Sewer bonds—
H ertel Avenue.
Babcock & Seneca St.
Bird Avenue.
B ailey Ave. sewer.
Total debt................... $13,905,672
Sinking funds.................
434,134
$10,099,399
271,539
$9,986,736
280,457
N et debt................... $13,471,538
$9,827,860
$9,706,279
W ater debt (incl. above). $3,435,832
$3,435,882
$3,435,882
On January 1,1893, the city had on hand cash sufficient to m eet its
floatin g debt, a fact which should be kept in mind when comparing
th e net debt as reported fo r this year with the figures given in previous
statements. The sinking fund receives yearly about $100,000.
C I T Y P R O P E R T Y .—The city owns real estate valued at $7,804,2 67
personal property valued at $6,828,765; total, $14,633,032. This total
includes the sinking fund and also the water works, the real estate
belonging to which amounting to $889,000 and personal property to
$4,998,107.
ASSESSED V A L U A T IO N .—The city’s assessed valuation and tax
'•about 65 or
70 per cent of its actual value.”
Perso?ial
Rate o f Tax
Property.
Total.
Years—
Beal Estate.
y e r $1,000
1892.......... $183,254,870
$197,084,780 $20*067182
$13,829,910
1891......... 168,181,880
179,957,460
11,775,580
21*529983
11,003,125
1890......... 151,356,325
162,359,450
20*34253
1889......... 147,168,115
157,512,570
10,344,455
1888......... 123,693,900
133,076,805
9,383,405
1880.........
76,288,208
83,910,583
7,622,375
The ta x rate in 1892 includes State and county tax, $4*898; city tax
proper, $15*169182; total, $20*067182.
T otal amount raised by taxation in 1890 was $2,383,789.
P O P U L A T IO N . —In 1890 population was 255,664; in 1880 it was
155,134; in 1870 it was 117,714.
rate have been as follows, real estate being assessed at
C A N T O N V I L L A G E . — A. J. L a k e , T reasurer.
This village is in the town of Canton, St. Lawrence County.
LO AN S—
When Due. Total bonds (last ret’rns) $75,000
Sew er B onds—
T ax valuation o f town in
S ^ s , ....... , $35,000....................
1890 w as..................... 3,267,140
W ater B onds—
Population in 1890 about___ 3,700
312s, J&J, $40,000... .July 1,1909 Population in 1880 was ___ 2,049
C A R T H A G E .—
W ater B onds—
Voted June 7, 1892.
YiUage in Jefferson County.
I Population in 1890 w as....... 2,278
-$50,000 |Population in 1880 w as....... 1,912
C A T S K I L L — P ercival Golden , President.
Tliis village is in the town o f the same name in Greene County. The
own had a population in 1880 o f 8,311, and its total assessed valuation
n 1890 was $4,511,087.
LOANS—
When Due. V illage debt (last ret’ns). $154,000
V illage B onds—
Tow n debt (last returns).
35,500
Water bonds ($1,000 each) —
T ax valuation of village
4s, J&J,$100,000 ) $5,000 duey’rly
in 1 89 04s, J&J, 54,000 i aft. Jan. 1,1895
Real estate................2,473,545
T own B onds—
Personal property ... 846,935
Iron bridge bonds —
T o t a l............. L . . . 3,320,480
4s, M&S, $10,500...... Mar. 1, 1893 Average tax per $1,000.
$6*50
($1,500 due yearly) to Mar., 1899 State and county tax
4s, J&D, $18,000....... June 1,1893
additional................
$11*81
($2,000 due yearly) to J ’ne 1, 1901 Population o f village, 1890..4,915
Interest on village bonds is payable Population of village, 1880..4,320
at the Catskill National Bank.
Vol. LYI.
/—r t t —c-' r~p T-p ~ \ 5 W IL L IA M A. LAW REN CE, Mayor.
•■
<
i
i
—
GEORGE M. ROE, Treasurer.
This village is in Orange County.
LO AN S—
When Due. Total valuation 1892...... $485,485
W ater Works—
Assessment about h* actual value.
4s, J&D, $48.000........Dec. 1, 1917 T ax rate (per $1,000) 1893.$13*70
Total debt Dec. 1, 1892.. $48,000 Population 1890 was............ 2,112
IN T E R E S T on the bonds is payable by Coffin & Stanton o f New
York City.
C L IN T O N
C O . - -A ndrew W il l ia m s , Treas.
County seat is Plattsburg.
LOANS—
When Due.
Int. payable at Treasurer’ s Office.
Bonded debt Mar. 1, *93
$51,000
County has no floating debt.
T ax valuation, real......$6,223,710
T ax valuation, personal
740,635
Total valuation 1892... 6,964,345
Tot. tax (per $1,000) about $12*10
N ormal School B ondsPopulation 1890 was.......... 46,437
48, Mar. 1, $1,000..Mar. 1, 1894-5 Population 1880 was.......... 50,897
The actual value o f property in this county largely exceeds the
assessed valuation.
Court H ouse B onds—
4s, Mar. 1, $28,000...Mar. 1, 1894
($4,000 due y ’rly) to Mar. 1, 1900
4s, Mar. 1, $12,000...Mar. 1, 1894
($2,000 due y ’ rly) to Mar. 1,1899
4s, Mar. 1, $10,000.Mar. 1, 1901-2
C O B L E S K I L L . - A . 0. K
il m e r
,
Village Clerk.
Cobleskill is in Schoharie County.
LOANS—
When Due. Total debt Jan., 1893........ $91,000
School B uilding —
T ax valuation 1891.......... 893,725
Assessment is 23 actual value.
5s, F&A, $6,000...Feb. 1,1893-95
Sewer B onds—
State & Co. tax (per $1,000).$3-86
4s, F&A, $20,000 .Feb., 1896-1905 City and school ta x ........... $10’38
($2,000 yearly.)
Population 1890 w as........... 1,822
W ater works —
Population 1880 w as........... 1,222
318S, F&A. $65,000...... 1896-1917
IN T E R E S T on tlie school building bonds is payable at tbe First Na
tional Bank of Cobleskill; on the water bonds at the offico of the State
Comptroller, Albany, N. Y.
C O H O E S . — H e n r y A. Strong , Mayor.
This city is in Albany County.
LO AN S—
When Uue.
4s, J&J, $25,000....... July 1, 1905
($5,000 due yearly) to July 1,1909
(?)
Hospital bonds............
Water B ondsViaduct bonds..............
$24,000
78, J&J, $42,000....... July 1, 1893 Tot.debt (latest re turns)
281,319
($2,000 due yearly) to Julv 1,1913 T ax valuation, real......10,066,960
7s. J&J, $18,000.......July 1, 1893 T ax valuation, personal
660,212
($1,000 due yearly) to July 1, 1910 Total valuation 1890... 10,727.172
4s, J&J, $65,000....... July 1, 1918 City ta x (per $1,000).............$8*00
4s. F&A. 25,000........Aug. 1, 1907 State & co. ta x (per $1,000).. 7*00
($5,000 due yearly) to Aug. 1, 1911 School and judgm ents.......... 2*55
4s, J&J, $75,000.......July 1, 1920 Population in 1890 w a s___22,509
4s, J&J, 14,000....... July 1, 1923 Population in 1880 w a s___19,416
IN T E R E S T on the bonds is payable in N ew York by tbe Central
Trust Company; and in Cohoes.
L ocal I mprovement B onds-
48, J&J. $5,000.........July 1, 1895
C O LLEG E
P O I N T — A. R o e s i n g h , President.
This village is in the tow n of Flushing and in Queens County.
LO ANSWhen Due.
LO AN S—
When Due
I mprovement B ondsW ater B onds— (Continued)78, J&D, $21,000.Dec. 1, ’93 to ’ 99 7s, J&J, $60,000. July 1,1909 to ’ 13
$3,000 payable yearly.
$12,000 payable yearly.
W ater B onds7s, J&J, $2,000..............................
78, J&J, $10,800....... July 1, 1894 Total debt (latest ret’ ns).$243,800
7s, J&J, 132,000. July 1,’ 95 to 1906 W ater debt (included)___ 216,800
$11,000 payable yearly. Total ta x per $1,000.......
$46*00
Population in 1890 w as........ 6,127
7s, J&J, $4,000......... July 1,1907
Population in 1880 was........ 4,192
7s, J&J, 8,000..........July 1,1908
IN T E R E S T on the improvement bonds is payable at the office o f the
Village Treasurer; on water bonds at the Ninth National Bank, New
York.
C O L U M B IA
C O U N T Y .—
County seat is Hudson.
.46,172
.47,928
Total debt (last returns) $149,000 I Population 1890 was.
T a x valuation 1892..... 27,580,459 | Population 1880 was.
C O R N I N G . — This town, including the city of the same name,
is in Steuben County. The city has recently authorized an issued of
city hall bonds to the amount o f $28,000.
LO AN S—
When Due. Valuation 1892 (c ity ). .$3,776,818
Valuation 1890 (city).. 2,609,405
Town B ridge B onds—
4s, F&A, $15,000..Feb., 1894-1908 City ta x rate 1892.................$6*78
Town tax rate 1892.............. 10*59
($1,000 due yearly.)
Population (city) 1890....... 8,550
City B onds78, J&J, $40,000............................ Population (town) 1890___ 10,188
IN T E R E S T is paid at the office o f the Knickerbocker Trust Com
pany, N ew York City.
C O R T L A N D V I L L E . - R . B. Sm ith , Superv’r.
This town is in Cortland County.
LO AN S—
When Due. T ax valuation in 1892. .$2,430,194
Real estate being...... 2,239,750
B ridge B onds—
Personal property---190,444
3*65s.......$4,000........ 1893 & 1894
State, county and town
($2,000 due yearly.)
tax per $1,000...........
$20*10
R ailroad B onds—
5s, . ... $236,000............................ Population in 1890 was......11,451
Population in 1880 was...... 7,114
Total bonds Jan., 1893. ..$240,000
D E L H I . — E. R. B areness , Supervisor.
This town is in Delaware County.
LOANS—
When Due. T ax valuation, real...... $1,033,300
T ax valuation, personal
228,726
N. Y. & Oswego Midl ’ d RR.
7s, J&J, $222,200...... Jan. 1, 1894 Total valuation 1892... 1,262,026
Assessment same as actual value.
Par value $1,000, $500 and $100.
$20*44
Total debt Jan. 24,1893 $222,200 Total tax (per $1,000)..
Sinking fund................
6,000 Population in 1890 was....... 2,908
Net debt Jan. 24,1893.
216,200 Population in 1880 w as....... 2,941
IN T E R E S T is payable at the American Exchange National Bank,
N ew York City.
'n T T 'N T T Z T D T / '
5 F R A N K G. GOULD, Mayor.
J ^ U l N P V l i r t P V . — l JOHN H. LASCELLES, Treasurer.
This city is in Chatauqua County.
April, 1893.
T*i;w Y o m - m i m
abb
to w n s,
4 7
LOANS—
When Due. \Total debt May 31,1392 $107,347
IN T E R E S T is payable at the office of the Long Island Loan & Trust
Elk c tr ic L ig h t P u n t —
Tax valuation, real...... 1,508,589
Jule. $o.iHs.> ....J u ly 1, 1893 Tax valuation, person’!.
122,900 Company in Brooklyn.
T O T A L D E B T, ETC.—The total municipal debt on Jan. 1, 1893?
($1,000duey'rlV! to July 1,189. ! Total valuation 1892... 1,631,489
a m dnessAssessment s a m e a s actual value. was $902,000. Flatbush had no debt previous to the year 1890. Then
5s, Aug,, 81,347....... Aug. 1, 1893 |City ta x (per $1,000)............ $2-30
Wa TBS W # M » B i WDS—
r: Iron was.............9.416 town has no sinking fund, all issues o f bonds being payable in in sta l
Ts...... $100,000............................. ; Population 1880 w as............. 7,248 ments.
The city’s population for 1892 is estimated by local authorities at
ASSESSED V A L U A T IO N .—In 1892 the assessed valuation of real
estate w a« $10,008,068 ; personal property, $51,300; total, $10,059,
10,040.
368. In 1891 the total assessed valuation was $9,724,610; in 1880
I. W .
S h e r r i l l , it was $4,260,827. Property is assessed at about 40 per cent o f its
actual value.
P O P U L A T IO N .—The population in 1890 was 12,338; in 1880 it was
The county seat is Poughkeepsie.
7,634; in 1870 it was 6,309.
LO AN SWhen D u e T ax valuation, real. ..$41,248,558
T ax valuation, pers’l.. 6,122,099
3s. MAS, $16,000.. .. .Mar. 1, 1894 |Total valuation 1892.. 47,370,657 F L U S H I N G . — C . B. S m i t h , C le r k .
#4,000 duey'rtyi to Mar. 1, 1897 ! Population in 1690 was___77,879
This town, including the village o f the same name, is in Queen’s
Total debt Mar. 1, 1893 — $16,000 Population In ISsO was___79,184
County. The financial statement for the village is given first and fol
IN T E R E S T i» payable at the County Treasurer’s office, Poushkeeplowing it the town report.
sfe,N. T.
1
LO A N S —
When Due.
Water B onds—
R efu n d in g B oxd 3 —
7s, A&O, $25,000...
1894
f D A V ID C. ROBINSON, Mavor.
4s, A&O. $11,000.April, $500 y’rly 7s, A&O, 125,000...
1903
t THOM AS 8. SMITH. City Clerk.
School B onds ’91, $1,000 e’ li— 5s, A&O. 23,000...
1909
Elmira is the capital o f Chemung County.
I 4s, MAS, $1,000...... Sept. 30,1907 5s, A&O, 20,000...
1914
LO AN S—
.—-lute-res!.— ,--------— P rin cip a l.---------- * 43. MAS. 44.000...... Sept, 30. 1908 Total debt 1893............ $377,000
7s, A AO, 36,000......
1893-190C Tax valuation in 1891...4,449,000
NAME AND PURPOSE.
P A ’!- Payable,
When Due.
Outsland’g,
($2,000 payable yearly.)
Tax valuation in 1890. ..2,349,535
No v. 1,1893
M & X
Bridge (Iron} bond*.........e 7
a$7,000
M A N
So v. 1,1894
■ do
do ....... c 7
a 7.000 4s. MAS, $10 ,000. . . . Sept, 30,1030 T ax valuation in 1889.. .2,235,517
(part due y ’rly) to Sept. 30,1934 Property is a s s e s s e d
Dec, 1,1893-1894)
0™
do
repair 1890.r 4
*
J & r>) S i ,000 yearly. \
abt.’a of Its actual value
-»uuo j s t r e e t B onds , 1890—
$19’40
Dec, 1, 1893
Fire D e f t bond*. . 1890 r 4
J A r>
*
d 2.000 4s. MAN, $32,1100 . Nov. 1, 1893 Av. tax rate (p .fl,000)..
8,463
.1 & D
De t*. 1, 1894
do
do . ..ISOO.r 4
<*3,000 ($1,000 due yearly) to Nov. 1,1901 Population in 1890 was
do
do .. J H > r 4
O
J S I>
c
De*r. 1, 1895
f i .000 4s, MAN, $36,000. -Nov. 1,1901 Population in 1880 was(est.) 6,683
($1 ,<>00due Y'riy) to No v. 1, 1909
Interest is payable on school
F & A \ Aug.. 1,1893-1894 )
Floatingdebt bond*. 1875.0 7
bonds at Market & Pulton Baltic,N.
,000 yearly, s a i , u w j V il l a g e I ndebtedness —
1893-1912 Y,; on other bonds at Seventh Nat.
do
dff ..,1876.0 7
F de A
Aug. 1. 1892
a4,000 ' 4s, A AO, $20,000...
Bank, N. Y.
($1,000 payable yearly.)
do
do
,..1876.e 7
y & A
An.ft. 1, 1893
a3,000
F A A
Ail u. 1, 1894
* 2,000
T O W N O F FLU S H IN G .
M 4 X
%
K*j>v, 1, 1895
a l 0,000
Fund’g debt bond*.. 1878. e 6
D rainage B onds—
LO A N S —
When Due
1,1893-1894
F S x\
c
?
aS.OOO
do
do . ,1877.0 5
4 s , — - , $ 2 . 0 0 0 ..........
...............
R efu nding B onds—
p jfg A
An
do
do . 187SMSO 5
i f 1895
4JX)0 6s, •!.&.?, $19.500...Mar. 1, 1894 T ax valuation 1891.... $7,069,721
($3,000 due y’ rly) to Mar. 1,1899 Population in 1390 was
19,803
do
d e . 18 79-80 5
4,000
A & 0 Oct. i . 1895 Sc ’96
do
do
5
M S N
c
No v ? i mm
12,000 5s, A&O, $4,000.-.A).y.l,’ 94&’95
General food____. . I m B . r 3
M Sc S \ Sept.. 1, 1893-94 I
d4,000
Sep t. j, 1893-97 i a25,CMM> F R E D O N I A . — J. A. W a r r e n , Clerk.
pM klm w i* (Eld. Pk.t '89, r 3
M A s|
This village is in Chautauqua County.
do
do
r 3
nf 1 , 1 8«lS
M & 8
at.OOO
*t, 1,1899
LOANS—
When Due. I Interest is payable in N. Y . C ity •
M &
do
do
‘ 80,'r 3
m M o
- 1012*1021 | 230,000
W ater B onds (18.34)—
Total debt Mar. 1,1892. $107,500
Redemption bond* .1802 3%
\ $1 i.OOO................ 1893 T a x valuation 1890...... 1,384,000
If 1, 19»>2
Bnhml tmit&x....... . 1801. r 4
M 4*
10,000
($2.,->(><) line yearly) to 1922 i Actual valuation....... 3,309,000
Jtt!(v I, 1803
20,000
do
,..,,1.801, r 4
V tu .tiii. 1 \i ,i , lb in ns—
1
J Total tax (per $1,000)..
$8*00
M tk N
28,500 3 Igs. 44*1 > $30,000............. 19011 Population 1890 was...........3,400
M A s
Jnl! r l ( 190*1
do
,,, I 891 r 4
,
do
....... 1889 r %
g.10,000
Jillly L 1897-98
($1,500 due yearly) to 19211 Population 1880 was........... 2,692
.1 A ,1
K 10,000
do
...... 1880 r 3
J St J . Jn if | 1809
If. 1* 1891*
gower bosds
. . . . 1884. c 4*$■ W M A
a 9,000
!
15, 18Si3-04 ^ * 10,000 G E N E S E O . — N e l s o n J a n e s , T r e a s u r e r ,
do*
...,„„*/!882.e 4
J Sc i> ]
do
____ Ift83.r* 4
Tills village la in Livingston County.
dull 1, 18f*5-ft0
a 10,090
j
a 20,000
do
____ 18*83. e 4
F S A
e
Aill«, 1, 1997
$6,000
When Due. Sinking fund................
LOANS—
0
0 eiS 1 , 1898
do
....... I883.e 4
A Sc
,
a 2 1,900
Net debt* Feb, 1,1893...
84,000
Sb w b r B ond * —
Spp L I , 1.890
St A S
a 10,000 i 3 % s,J A J , $10,060...July 1,1900 Tax valuation, real...... 1,052,755
do
1.880 r 3
\f jjg B
Sep t. 1. 1900
* 20,000 3 ^ . J & J, 10,000. .July 1 ,1910 T ax valuation, personal 1,124,210
St A
e
Bapt, 1, 1901
* 20,000
Total valuation 1892... 2,176,965
W ater Bonds —
H*| r. i t n r 'i
<>
do
,
1880 r 3
M A B
a 10,090 * 3 V , MAN. $25,000 ..May 1, 1897 Assesment about % actual value.
* 1,000 . iw , Ma n , 20,000.--May 1, 1907 Village tax (per $1,000)
J & I> Dee’■ 1. 1803
Btemt Repair WmteM 800. r 4
$5-39
*70
3W .
25,000.. .May 1 ,1917 Average school ta x .. ...
m #1,000 «u*h.
t* #500 eaeli. d 82JK3i0 ea«3b. ** A «fngle bond for f Total m a n .Feb 13, 1893.-.$90,000 Population 1890 was............ 2,286
■
debt
cCoupon.
$3,090.
tA
twm1 tm ■#4JMH
S >
£ JX>0 each.
IN T E R E S T on the sewer bonds is payable in Schenectady on the
sen t shows M m lira’s total | water bonds in N ew York City.
T O T A L D E B T .—Ttw *ubj<i
beaded debt on the A it— tfidiei
Feb, 4, *91. Feb. 4/90.
Apr. l ff%
H e n r y F unky,
<
#324,430
#334,800
T a m bonded debt
Ml
#,il.8>fjkj®
This village Is.ln Warren County.
total debt,
The. <My**
debt m J .in# 17, X39
>
$131,000
LOANS—
When D m . |Bonded debt 1892.
t®bt, $537,000. There is at
1657,000; easbOT) tuunt, «»0,<M fcf &
M
i Falls.
W a t k s K inds . E tc .
I Interest paid in Glens 3
5- MAS $33,000
................ Populationm 1890 was....... 9,509
% fa:ful
present no floating debt and no
9 8,00 0 ....................... |Population in 1880 was......... 4,900
« « ! vnluattmn (about % 4»! .MrJ,
ASSESSED V A L U A T IO N ---fflm m
D U TCH ESS
Treasurer.
C O U N T Y .—
E L M IR A
G L E N S F A L L S .—
Treasurer.
i la the years named *
.
mrniai valoei and la s rate hart
m to
2
City Tar : G L O V E R S V 1 L L E . — J. F. D a v i s , ChambeiTn.
Bmt
f-rn.
per # 1 ,000.
Total.
Years,
Estate.
| Glovcrsvilli*. which is situated in Fulton County, was Incorporated as
jftf ■ i i *8y
‘7%i
$15*32
i113,210,209
1802., ............$13.477,100
*
i *rw
IS.038,549
’ 3*33 ! a city March 19,184) > having theretofore formed part o f the tow n of
13,304,000
1 ® 4 . .......... .
,
13,374.694
14*15
1,1 u I «*|>[)
1800................. 12/258,404
Johnstown. On the separation the city was assigned a portion ot
im
13*57
l 0 1? •J Q
12,982,319
1880 . .
,, ... H.IMStLOlO
j i ih0
Johnstown’s debt, (Bee Johnstown.)
12,594,017
15*35
18.88 .......... . 11,600,017
13*15
10.471.275
-F rin c ip a l.1,300
LO AN S—
* Interest.— .
—
Wlien. Due. Outstand’g .
name and pu rpose .
P.OC Payable.
per $ 1,000.
The State and county tmx In 1802 wgm #1r*82 1
$10,000
Water loan..................... 1878 6
Aug. 1 Aug. 1, 1893
24,000
do
.....................1877 6
Sept, 1 Sept. 1. 1897
rould have bf?en $13*10
# I t city tax 1891 had bcM 1vrUxh t;he r
ra
23,000
do
.................... 1877 6
Sept. 1 Sent, 1, 1902
per f 1.000, toclmtlng tlie aw
-ho
fate . #3 '33, irhleh w m the only city
23,000
do
....... .............1877 6
Sept. 1 Sept. 1, 1907
tax# or part, thereof, levied In 1801.
do
...... .............. 1885 5
Jan. 1 Jan. 1, 1910 • 17.500
55,000
do
.....................1889 3
F & A Aug. 1, 1909
P O P U L A T IO N —In 1899 population w m 29.708; In 1880 it was
50,000
do
.....................1892 3 k A & O Apr. 1, 1915
20.-S411 In 1870 It v m
22,000
Railroad bonds........................ 3*2 A & O Apr. 1, 1911
23,000
do
................ 1893 3% A & O Apr. 1, 1913
Sept. 15,1893
5,000
School bonds......................... 3*2 M & S
John
ackett
IN T E R E S T - W H E R E P A Y A B L E —Interest on the issues of 1878,
Conntv seat i« Buffalo.
i.r.,’93..
$746,000 is s 5 , and on the school bonds, is payable at the Fulton County National
Wht n D m , |Total deb
a 1992 . 240,436,949 Bank of Gloversvllle; on the issues o f 1877 and 1892 in New Y ork at
I T ax valiti
date ______ 224.200,223 the Fourth National Bank, and on the issue of 1889 in N ew York by
. . . . . . . . 1 B ealee
7 ....., 100,0041 .
, ........ 1 Per?M»m ,1 property. 16,176,726 Coffin & Stanton; on the railroad bonds by Fourth National Bank,
U , ..... 100,000. . .
rn
.......... State A € it tax p.-r $1000...$4*89
Populate ,o in 1890 v m . . 322,981 N. Y. City.
4a , .....
4*2.000- 4s, ......
54.000
......... ; Ropulatt. it In 1990 was ...219,884
-j-q q"AL_ D E B T , ETC.—The total funded debt on March 1,1893,
| v. ;i. $252,500. Water debt (included in total funded debt) $202,500.
F L A T B U S H . - W m . M l L t m a k . S o p U r fc o r .
W A T E R W O R K S .—The income from the water works owned by the
This town is in Kings County adjoining Brooklyn and when annexed, I city is $20,000 per year. N et earnings for year ending February 1,
m it
will be, will constitute the Twenty-Seventh Ward of that city. I 1892. were $3,777 in addition to extensions.
________
When Due. j ASSESSED V A L U A T IO N —In 1892 the assessed valuation of re a l
LOANS-When Dm..,
SSWKff &OX0A—
. _ estate was $3,601,175; of personal property, $373,880; total, $3,975,FbATBITSif A f ,
•
t*9». Pt%A, $8,000 Ausr,t/fKlto'91 3J„«, ,i A.r,f 20-5,000. i July 15.1890 j 055. state and county tax rate (per $1 ,000), $10*40; city tax, $9*60 %
t«; JAJ. 240,000. . lo 1928
iPUfcTB'H AV, AW T B’ rM
*—•
HKWKR A .- 'r B o v o s 1average school tax, $6*00; total, $26*90. In 1890 total assessed valu9%$# MJtW, i S f l O # i f fo v .l. IfOO
31..3, MAN. $75,000 t Nov, 1, 1895 1ation, $3,649,232. T ax rate (per $1,000), $20*10; additional school
4s. M M , 150,000 \ to 1000.
Town Hall A School Bonds.$*21,000 4»* MAN, 150,000) to 1909
E R IE C O U N T Y .—
B. S
, Treas.
48
ST/ITE
CITY SUmElVfEflT.
tax, $6*30 (p e r$1,000). Property is assessed at “ about 60 per cent
actual value.”
P O P U L A T IO N —The population in 1890 was 13,845; in 1880 it was
7,133; in 1870 it was 4,518.
G O U V E R N U E R . — G W. S m
it h
,
Treasurer.
This village Is in the township o f Gouverneur, in St. Lawrence County.
LOANS—
When Due. I Total debt (last returns)
$62,200
W ater L oans :
|Tax valuation 1890___$1,016,830
3*2$, J & J, $60,000___
1910 I Population in 1890 was
3,500
Interest is payable in New York. |
do
in 1880 was
2,071
G R E E N E C O U N T Y .—F
r e d e r ic k
H
il l
,
Treas.
County seat is Catskill.
LOANS-
When Due.
W ar L oan—
3H»s, M&S, $20 ,000..Mar. 1,1894
18.,000.. Mar. 1, 1895
3*28, MAS,
3 *$s, M&8,
20,,000.. Mar. 1, 1896
3^s, M&S,
22 ,000.. Mar. 1, 1897
,000.. Mar. 1, 1S98
3^s, M&S,
20 ;
3ies, M&S,
20 ,000.. Mar. 1, 1899
,000..Mar. 1, 1900
20,'
3*28, M&S,
3*29, M&S, $20,000. .Mar. 1, 1901
3*28, M&S, $11^,000. .Mar. 1, 1902
Total debt Apr. 1, 1892. $294,000
Bonds are exempt from county tax
T ax valuation, real......12,542,961
T ax valuation, personal 1,417,232
T ax valuation 1892___13,960,193
Population in 1890 was..... 31,598
Population in 1880 w a s
32,695
G R E E N B U S H - W . H. H effem , Clerk.
This place is in Rensselaer County.
Valuation, etc.—
When Due.
LOANSTotal debt July, 1890..
$97,000
Sewer B ondb.
July 2, 1896 Assessed valuation of
4s, J& J,)
town in 1890—
July 2, 1898
4s, J&J,
Real estate................. 3,211,820
4s, J&J, [ $55,000 July 2, 1899
Personal property---19,600
July 2, 1901
4s, J&J,
July 2, 1903 Population of village in 1890 .......
4s, J& J,)
Population in 1880 was....... 3,295
Other bonds, $42,000
Population of town in 1880. .6,743
H A M D E N . — H. A. C ombs, Supervisor.
This town is in D elaware Coimty.
LOANS—
When Due. T ax valuation 1890....... $600,220
N. Y. & Oswego M id l ’ d RR.
State, county and town
tax per $1,000.............. $19*43
7s, J&J, $91,000....... Jan. 1, 1894
P ar value $1,000, $500 aud $100. Population in 1890 w a s...
1,507
1,496
T otal debt Jan. 1, 1893 . .$91,000 Population in 1880 w as...
INTEREST is payable at the American Exch. Nat. Bank, N. Y. City.
H A N C O C K . — S. N. W
h eeler
,
Supervisor.
Tliis town is in Delaware County.
LOANS—
When Due.
B ridge B onds (1885)
6s, Mar., $2,000.... Mar. 1,1894
6s, Mar., 2,000___ Mar. 1, 1895
6s, Mar., 12,000 ... Mar. 1, 1897
($2,000 due yearly) to Mar. 1,1902
I T H A C A . — H. A. St . J ohn , Mayor.
This city is in Tompkins County.
LOANS—
NAME AND PURPOSE.
This village is in Herkimer County.
LOANS—
When Due. Total valuation 1891.. .$2,295,031
E lectric L ight P lant
Assessm’t is % actual value.
es, June, $14,000....................1911 State tax (per $1,000)..
$2*03
W ater Works—
County tax (per $1,000)
2*41
3h2S, July 1, $57,000. July 1, 1908 Town ta x (per $1,000).
2*48
Total debt (last returns). $71,000 Village ta x (per $1,000)
7*42
T a x valuation, re a l.......2,111,931 Average school ta x ......
4*29
T ax valuation, personal. 183,100 |Population town in 1890 was.4,666
INTEREST on the electric light bonds is payable in New York City;
on the water bonds at the State Capital, Albany, N. Y,
H U D S O N . — L evi F. L oftgley, Mayor.
The city of Hudson was incorporated in 1785. I t is the County seat
of Columbia County.
LOANS—
-— Interest.— , ,---------------- P rin cip a l. --------------- ,
NAME AND PURPOSE.
Rate. Payable.
When Due. Outstand'g.
Refund’d loan of 1854-1884 4
Feb. 10 Feb. 10,1897, &c. $16,500
School house bonds... 1886 4
Oct. 1 Oct. 1,1899, &c.
24,000
W aterloan......... 1874A ’75 7
Feh. i f p a r t la c f y t S - }
7
8°>000
do
.................1887 7
Sept. 1
Sept. 1, 1808
5,000
do
.................. 1887 3*2 F A A Aug. 22,1894, &e.
40,000
Miscellaneous city bonds.. 7
Apr. l j ^ ^ 0 0 0 yearly 5 5
2 ’ 000
.I,,
t? x, a 5Feb. 1, 1894*19121
do
d0
- 7
1 &
part eacli year. (
1 2 '250
do
do
..4
A & O Apr. 1, 1898, Ac.
30,000
do
do
..4
May 1 May 1, 1902
10,000
I N T E R E S T is payable in Hudsou at tire office of tbe City Treasurer.
T O T A L D E B T , ETC.—The total funded debt on Jan. 1,1893, was
$225,250, including water debt, $129,500. Tbe total debt in 1880 was
$321,250.
A S S E S S E D V A L U A T IO N .— In 1890 tbe assessed valuation of real
state was $4,338,740; of personal property, $1,303,650; total, $5,642,490; tax rate (per $1,000), $20-61. In 1880 total assessed valuation
was $5,889,095.
P O P U L A T IO N .— Tbe population In 1890 was 9,970; in 1880 it was
8,070; in 1870 it was 8,615.
— Interest.—
R a t e . P a y a b le .
----------- Prin cip a l.--------W h e n Due.
Outstand'g.
Railroad aid........................ 7
J & D
June, 1900
$57,000
School................................. 5
M & N
Nov., 1893
5,000
T O T A L D E B T , E t c .— T he total funded debt on March 26, 1892,
was $67,000; sinking fund assets $19,666; net debt $47,334.
AS S E S S E D V A L U A T IO N .— In 1892 theassessed valuation of real
estate was $2,520,162; of personal property, $403,472 ; total,$2,923,634. Real estate is assessed at “ about one-third its actual value.” In
1880 total assessed valuation was $3,513,655.
P O P U L A T I O N — The population in 1890 was 11,079; in 1880 was
9,105.
J A M E S T O W N . — 0. F. P r i c e , Mayor.
This city is in Chautauqua County. In addition to the outstanding
loans listed bel >w sewer bonds to the amount of $110,000 have been
authorized and w ill be issued from time to time as money for eon
struetion is needed. P avin g bonds for $60,000 are recommended.
Tax valuation 1892......$4,494,117
LOANS—
When Due.
E lectric L ight B ondsReal value about....... $15,000,000
48, J&D, $30,000----June 1, 1901 Total tax per $1,000.......... $23 71
Sewer B onds—
Population (localauthority).22.970
3*28, .T&J, $50,000 ...... Jan., 1923 Population in 1890 was......16,038
Total debt March, 1893___$80,000
J O H N S T O W N — W. H. Y oung , Treasurer.
This is a town in Fulton County. The city of Gloversville wa*
formed out of a portion of its domain in 1890, and a part o f the town
debt below described was then assigned to said city. Of the RR. bODds
due in 1894 and 1896 this tow n’ s share is estimated at $35,000. The
balance is to be paid by Gloversville.
Bonds are ta x exempt.
LOANS—
When Due.
F onda Johns. & G lovers. RR. T ax valuation 1892----$3,691,408
7s, Nov. 1, $27,500...Nov. 1, 1894 Assessment about hi actual value.
7s, Nov. 1, 50,000...N ov. 1, 1896 County tax per $1,000........ $12 90
4s, F&A,
10.000....Feb. 1, 1901 Village and school ta x ........ $12*90
3ios, F&A, 10,000....Feb. 1,1903 Population in 1890 was.......10,959
3*2, F&A,
10,000....Feb. 1,1905 Population In 1880 was....... 16,626
Total debt Jan. 1,1893 ... .$65,000
IN T E R E S T on the bonds due 1894 and 1896 is payable in Glovers*
ville; on those due 1901 iu Johnstown, and on those due 1903 and 1905
in N ew York City at the National Bank o f the Republic.
K IN G S
C O U N T Y . — H. IT A
Kings County includes
Total debt Nov. 1891.. $100,000
T ax valuation 1890___ 1,187,710 county’s area.
State, county and town
LOANStax per $1,000..........
17*29
NAME AND PURPOSE
Population in 1890 was
..4,745 County farm lo a n ...
“
in 1880 was
3,238
do
do
Compromise RR. B ongs :
Interest on RR. bonds at Farmers’
do
do
L. & Tr. Co., N.Y.
4s, M&S, $76,000....
Various.
do
do
RAILROAD BON DS.—In 1871 $100,000 bonds were issued, illegally
do
do
do
do
it was claimed, in aid of the N ew Y ork & Oswego Midland RR. The
do
do
tow n resisted payment of interest and in 1887 a compromise was e f
do
do
fected with the holders o f all but $6,300 (still outstanding), in accord
ance with which the present 4 per cent compromise bonds w ere issued*
do
do
H E R K I M E R . — A. B. S t e e l e , Mayor.
Vol. LYI
do
dam s
,
Treasurer.
the city of Brooklyn, which covers most of the
-— Interest.—
Rate. Payable.
.4
M & N
.4
M & N
.4
M &N
.-4
M & N
.4
M & N
-P rin c ip a l.When Due.
Outstand'g.
....................
May, 1899
$150,000
May, 1905
32,000
May, 1906
32,000
May, 1907
119,000
May, 1908
119,000
19<>9
15,000
1910
15,000
5 1911 to 1913 > Q5 7 000
($119,000 yearly $ 357’00°
M &N
5 0 0 '000
....................
....................
S '*
do
3% M A N
{ ^ 0 , 0 0 0 yeaHy
5 0 0 -000
do
do
.............. 3 13 M & N May, 1914
100,000
-- .d o
do
.............. 3 M A N May, 1900
200,000
of Records loan........ 4
M &N
^ 1 9 ooo^early 1 114,000
do
.......................... 4
M AN
May, 1893'
150.000
do
.......................... 4
M AN
May, 1894
220,000
do
.......................... 4
M AN
May, 1895
219,000
do
.......................... 4
M AN
May, 1896
218,500
do
.......................... 4
M AN
May, 1897
132,500
do
.......................... 4
M AN
May, 1898
132,500
do
.......................... 4
M AN
May, 1900
121,000
do
.......................... 4
M AN
May, 1901
121,000
do
.......................... 4
M AN
May, 1902
119,000
do
.......................... 4
M A N
May, 1903
119,000
do
.......................... 4
M AN
May, 1905
87,000
do
.......................... 4
M AN
May, 1906
87,000
do
................1892. 4
M AN
May, 1907
100,000
do
................1892. 4
M AN
May, 1908
100,000
do
.......................... 4
M A N
May, 1909
104,000
do
........... ............. 4
M AN
May, 1910
104,000
do
.......................... 3*2 M A N
May, 1918
130,000
do
.......................... 3
1902
121,500
do
.......................... 3
1903
121,500
do
.......................... 3
M AN
May, 1915
180,000
State tax loan................... 4
M &N
May, 1904
119,000
Certificates of I ndebtedness:—
Armory (13tli regiment).. 4
M &N
Nov. 1, 1894
50,000
do
do
..4
M &N
May 1. 1895
60,000
do
do
.. 4
M & N
May 1, 1897
60,000
do
do
.. 4
M & N
May 1, 1899
60,000
Armory (TIthRegt.) 1892. 3hi M & N
May 1, 1894
50,000
do
................ 1892 3 hi M & N
May 1, 1896
50,000
Armory (32d Regiment).. 4
................ luly 1 , 1893
6,000
do
do
... 4
........
Ju ly 1, 18946,000
do
do enlarge’nt 4
........
Ju ly 1, 1893
15,714
do
do
do
4
........
Ju ly 1, 1894
15,714
do
do
do
4
........
Ju ly 1, 1895
15,716
Court Ho. & Hall of Rec’rds 4
........
Ju ly 1, 1893
12,000
do
do
do
4
........
Ju ly 1. 1894
12,000
do
do
do
4
___j .
Ju ly 1, 1895
13,000
Supplies dept, ofcharities 3
M& N
May 1, 1893
50.000
do
do
do
3hi M & N
May 1, 1894
50,000
IN T E R E S T - W H E R E P A Y A B L E.-Coupons are paid by the Merch
ants’ National Bank of Brooklyn; registered interest at the office Of
the County Treasurer, Brooklyn.
T O T A L D E B T , E t c .— T he subjoined statement shows the total debt
IL IO N
.— This village is in the towu of German Flats, H er of Kings County on the first of August, 1892, 1891 and 1890.
kimer County.
LOANS—
W ater B o
When Due.
n
d
s
4s, J&J, $95,000....... July 1, 1922
Subject to call after July 1, 1912
Population in 1890 was....... 4,057
Population in 1880 w as........ 3,715
1892.
Total funded debt.....................$5,240,500
Certificates of indebtedness...
576,144
1891.
$5,342,000
632,902
1890.
$4,047,500
452,572
Total debt on August 1 . . $5.816.01 1
$5,974,902
$4,500,072
April, 1 1 .
8 )3
1M£W YOftfi— CITIES M V
T0WHS,
40
In addition to the debt as given above there were outstanding on
T O r t T P O R T
5 JOHN T. DARRISON, Mayor.
the: lies ,.f indebtedness issued in an- L . L J L j i V l ^ L U L - t i .— | j. c , HARRINGTON, Treasurer.
This city is situated in Niagara County.
tteipatlou of Hie collection o f taxes, the same to be redeemed from
taxes already levied.
When Due. Interest payable at City Treasury.
L0ANSR a il road B onus
Bonded debt Jan. 1,1893.$242,333
D E 3 T L IM IT A T IO N .—See Cu r o k j ii . e , v . 55, p. 948.
,7s,J& J, $70,000......Jan. 1, 1894 Sinking flu id ..................
9,000
ASSESSED V A L U A T IO N .—The total assessed valuation o f this 1 !$10,0< 0 due y'rly) to Jan. 1,1901 N et debt Jan. 1,1893___ 233,333
W a te r B onds —
count,! before eqn iliziuiuu in 188!) was 8 135.380,000; amount deducted,
T ax valuation, re a l....... 6,081,876
3’ as, MAN, $37,333..Nov, 1,1893 T ax valuation, personal. 396,877
$23,008,278: total valuation after equalization, iHl2.371.730.
($2,666 67 yearlv) to Nov. 1,1906 Total valuation 1892___6,478,753
P O P U L A T IO N in 1800.838,547: in 1880. it was 099,495.
U nio n School B onds—
State andCo.tax (p3r$l,000).$5’85
; 3tas, M &N,$120,000..Nov. 1, 1902 City tax (per $l.O00)________17'73
> ($10,000 due y ’rly) to Nov. 1, 1913 Population 1890 was.......... 16,038
> D A V ID K EN N ED Y, Mayor.
!3 ^s,M & N , $8,000..Nov. 1, 1914 Population 1880 w as.......... 13,522
~ ( J- E. FXtOTNEY, Treasurer.
In addition to the above the city has a debt of $90,000 for
Tills city is the capital »f Ulster County. Kingston’s 7 per cent City
local improvements, which is payable by special assessment. The sum
Hall bonds are to be call •< and refiiuders issued tor the same.
i
of $8,500 is payable to the sinking fund yearly.
-— Interest.— - — ----- —Prin cipals------— „
LOAM S—
NAME AND PURPOSE.
Hate. Payable,
When f>ue.
OiUstand* a.
H, S. SANFORD, Mayor.
r
T $ Jan. 15/91 to ’97 ,
Jan.i.i.-'ji to -9,
AAA
city HaU.,......... ... . . •- - 7
•
w « ' " i i ’ 1o Artn yearly. \ $40,000
F. W .BLECKWENN,Treas*
8 10,000
- do
. . . . ____ _____ _
LO A N S —
> Interest.—
■PrincijJul.-.!
A J .fan. 13, 1898 '
20,000
Beftmcliog..................
Rate. Payable.
When Hue,
OutstancVg«
J A J Jail. 15, 191111
25,000 NAME AND PURPOSE
net i. call after 1 9 .
81
™
Newtown.''funded debt...... 7
E & A Feb, 1,1894-1901)
do
............... .....
4
820,000 yearly. J ^1 4 1 ’ 500
J
A J Jan. 15, 191211
25,000
ect 0 call after 1892.
do
(refunded)........ 7
P & A Feb. 1,1908-1911 ?
64.000
$16,000 yearly. 5
3
A- J Jan. 15, 1914
36,500
do
do
do
....... 6
3
& J Jan. 15, 1915
F & A Feb. 1,1913-1919) 112.500
31,500
P art each year. 5
do
6
A J
1910
36,000
do
____ _ 4
do
p & A
Feb. 1, 1920
16.000
WaJBcsU Va
Ull. .
A J Jan. 15, 1001
169,200
Water loan (funded)....
7
M & S Sept. 1,1893-1914) 230.000
tnndei L debt on Feb. 1,1893, was
T O T A L D E 3 T ,£ r
$20,000 yearly. 5
$393,200; floating d«
§14,3!
total i Into, $407,587. The city's
do
(refunded)___ 6
A & o Oct. 1, 1911-1914)
47.000
Part each year. 5
total debt was $614,880 in' 18
do
do
5
M & 8 Sept.l, 1918-1919 )
30.000
ASSESSED V A L U A T IO N -In 1892 the assessed valuation of real
$15,000 each ye’r 5
do
do
1890 4
M & 8
Sept. 1, 1920
$10,4.10,s<X>: o f j
45.000
i»l property, £1,923,235; total $12,.
do
do
1890 3% M & N
May 1, 1920
18.000
334,825; tax rate iper $t.<M
19*130, Beal estate m assessed at Fire department bonds.... 7
M & S
Sept. 1, 1902
20,000
” aiioat 90 per cent of its accu
tte,” la 1330 total assessed valuation Survey and map bonds. ,.r 7
July 1,1893-1895)
j & j
47.000
$12,000 yearly. 5
whs $6,577,90-1.
do
(refunded) 5
J & J July 1,1918-1919)
P O P U L A T IO N .—The population in 1890 was 21,261; in I860 was
31.500
P art each year, s
19.314.
do
do
.. 5
J <
k
July 1, 1921
9,000
Public school b on d s...... .» 41 M &
e
Sept. 1. 1908
203.000
do
do
1801.. 43$ M A
Mch. 1, 1910
17.000
4% M A
do
do
ig§ 2 .
— c . H . D a i c i i y , Treasurer, i
Sept. 1, 1902
75.000
Engine house bonds, 1889, 5
J &
June 1, 1909
16.000
to Ba njwwlaev Co imty.
LMMlngbniff la
Funded debt bonds, 1883.
5
A &
Oct. 1, 1903
*$217,000
-.. 433 M & N
LO ANS—
May, 1911
100.000
NAM
E
Rate, Pfiyatj te.
When Hue.
1QttUtiand*g. j
do
do
1893 4% M & n J Nov. 1,’98—1902 >
407.500
-t
$81,500 due yTy 5
Water bon
M & 8
la in
* 20.0 0 0 ;
do
do
1893 432 M & 5f March 1, 1913
115,000
t
do
A k O
Oct. 1, 1010
15,000 |
Revenue bonds ......1 8 86 6
J & J
July 1, 1896
do
44.500
M A B
11*14
4
30,000 j
do
1887 5
M < N
fc
May 1, 1897
16.500
4
M & 8
do
1024
do
.......1888 5
M AN
May 1, 1898
39.000
M A 8
1934
60,000 j
(Jo
do
1890-1889 43s M & N
Nov. 1, 1899
29.500
25,000 j
do
4
Nov. 1, 193$
> k s
1
do
......1892 4% J & J
July 1, 1902
80.000
do
i
J A J
July 1, 1939
10,000 1
do (refunded) ’89 433 J & D
Deo. 1, 1899
58.000
do
4
M A s
May I. t o l l
15,000
do
M & N
do
’90 4
May 1, 1910
77.000
i $2,000 or $3,000 >
do
do
’90 4
Sewer bon
J & D
28.500
4% A 4 ■ \ each y ’ r until p’*L \
k
June 1, 1900
35,333 ?
do
do
’91 5
M & 8
Sept. 1, 1901
50.000
$
181*2-1809,
/
School bt>i
16,000
i
‘ t $2,900 yearly. $
in The 7 per cent survey and map bonds are registered and all held
1904 1912
<
|
4
do
45,000 |by savings banks. A ll other issues are coupon bonds.
$5,000 yearly. )
A il unpaid taxes and water rents up to and including 1891 are
P A Y A B L E . —In tores! on the water l minD j pledged for funded debt bonds o f 1883.
o a t 4lie haul
3
due Out, 1,1910, w p.
IX Powers & Sons, L ansiiig- 1 PAR V A L U E O F BONDS.—Bonds are in $1,000 and $500 pieces.
, at 4 m Ttesiititnjr’s office, and on ali other 1 IN T E R E S T i« payable at the Queens County Bank of Lone- Island
1
burg: on file sewer b
k o f i'temmmrce i;u New York City.
-bonds ut the National
City.
The ta m fuBde<1 debt on M ay 1,18!91, was i T O T A L D E B T, S IN K IN G FUNDS, E r e - T h e subjoined statement
T O T A L D E B T, E
$269,333. including water debt o f $21'
0 ; on June l, 1889, the total shows Long Island City’s total funded debt and the sinking fund held by
debt wo* $228,333, o f -.vhieh $130,000
•for w ater; In 1880 the total the city against the same on February 1,1893, and on A p ril 1,1892
debt was $ 18,97*0.
and 1891.
Feb. 1,1893. Apr. 1,1892. Apr. 1,1891.
W A T E R W O R K S - T h e receipt o f the w ater works for the year
Total funded debt.
........$1,807,500
$1,735,500
$1,602,000
ending February 9,1 9 , wore
81
»,076; expenses, including Interest Sinking fund, etc , ..................
194,077
158,465
121,496
*ui water
$20,593,
$1,480,504
$1,577,035
Net debt............................. $1,613,423
ASSESSED V A L U A T IO N , -tu 890 the assessed- valuation o f real Water debt (included above)... $375,000
$375,000
$372,000
estate was #5,365,137; n{ personal property, $613,902; total $5,979,The sinking fund receives yearly no stated amount, but whatever
137, T ax rate tp-*r $1,0001, $20*29. tn 1880 total assessed valuation
money is received by the Treasurer and not otherwise appropriated.
waa $1,700,023.
W A T E R W O R K S .—The water works owned by the city are self-sus
P O P U L A T IO N -T h e population in 1890 w m 10,550; in 1880 it was
taining.
7,432
ASSESSED V A L U A T IO N .—The city’s assessed valuation and ta x
|rate have been as follow s:
-TRVKN SOCCKS. ffuperyteor.
Total Assessed Rate o f Tats
Personal
I. 34. SMITH, Treasurer.
Valuation, p er $1,000.
Fears—
Real Estate.
Property,
■ The town « t Le Roy,
$15,562,622
$ ......
$188,900
tame name, is In 1892...............$15,373,722
iding the i
15,525,262
24*40
1891........
15,330,362
194,900
Gem-.,-,- County The v
10.056,587
45*30
200,400
1 8 9 0 ............. 9,856,187
ifcion, personal .$147,700 1880........
LO AN S7,301,587
........
7,201,087
100,500
B K. A C HR. Bond *
union 1893... 2,826,900
P O P U L A T IO N .—In 1890 population was 30,506; in 1880 it wae
(per $1,000)..
$ 7'62
«<s*. JM ,«2 1 .o *)< U u lr
($7,000 due w a r
mlaticm 1890..........4,782 17,129. State census 1892, 35,000.
Tax valuation, rt-al
nmhdkm 1800...... .2,743
IN T E R E S T on tow n!
*office of the Union Trust
inter
Co, o f New York.
Tills town Is in Sullivan County.
T A X F R E E .—UotMl*
LO A N S —
When Due. I E<iualjzedval.,real, 1892..$906,830
RKirxiiiNO RR.BOSI s.
I Assessment hot. 70 p.e. o f lull value
is , JA-J. $158,000...Ply,’93 to 1913 , Total tax (per $1,000).... $25-44
I ) u s i n ' B E itY , S o p e r v is o r .
3,401
(part due yearlv)
Population in 1890........
TUG town t, in sum
3,845
ftaiy. Water bonds to the amount o f Total debt Jan. I. 1893..$158,000 1 Population In 1880.........
$00,000 were offered to
-*i May o f 1892, but subsequently with*
(drawn from tin- mark* E
M A Y V I L L E —F r a s e B ures , Treasurer.
KING STO N.-
L O N G I S L A N D C I T Y .— ;
LE ROY.
M A M A K A T I N G .—J. E. W
, Supervisor.
L I B E R T Y . —!
I Equalized valnat’n 1892.$509,519
Total tax fjwr $1,000).......$22*15
LO A N S —
N, V * cm. Mid . HR.
4s, J J , .*108.000_____
Total debt Jan. I, J 993.
Population in 1890 was........3,357
j Population in 1880 was. .. .. . 3,209
L I T T L E F A L L S . —sit
This village Is in Chautauqua County.
LO A N S—
When Hue. I Total debt May 1,1892.. $15,000
W ate it B onds —
|Tax valuation 1 891...... 377,505
U , MAN. $15,000........... ... 1912 I State & Co. tax (per $1,000).$8*16
Interest is payable in New York. |Population 1890 Avas— . — 1,164
*d in Herkimer County.
A dam s,
Water debt add! tJomii.. $305,000
This village is In Saratoga County.
.JfLtMTtHci- D ebt
T ax valuation, real..... 1,529,600
4«, July. $0,000,,
.J u l ly L 1893 Tax valuation, personal
*279,100 W ater bonis (issued)....... $88,000 I Population in 1890 was.......2,675}
f)
do
(authorized). 35,000 |Population in 1880 was...... 1,265
0 1 ,60*) d ue year! • it0 Ju ly 1, 1898 Total valuation 1H92... 1,808,700
FtJsbrxa B onn* 1 103>
A»sess*mtis 10 p.r. ai-tual value.
|y T ► to 1902 State and county tax 1891. .$21 90 i j j n n T
010,000.
3
rv - j - , XX/ NT
5D A N IE L H. B A IL E Y , Mayor.
#1;00O da
earlv.s
City tax <per$l,0<>0) 1891.. 20*52 LYl 1 U J J J L .B . I U W I N . — l JOHN A. W AI.LON, Treasurer.
iebiwil fjlstidet 4®
$2 1,000 Population in 1890 was. -... .8,783
Middletown is in Orange County. Bonds issued join tly by this c ity
Wap r bonds.....
305.000 Population in 1880 w as. . . .. .6,910
aud the town o l WallkiU are included in the following statement.
Total debt May 1," m bs*." m 7,000
LOANS'-
When Due.
M E C H A N I C V I L L E .— W. J.
Clerk.
50
STATE AW® GJTY S U f? i£ M £ flT .
-P rin cip a l
LO ANS'— Interest.-—^
Outstand'g.
When Due.
NAME AND PURPOSE.
Rale. Payable.
RR. bonds issued jointly by
» n 5 Apr.,’94 to 1937
$ 110,000
($2,500p’d. y ’rly
this city&town or W allkill.
Apri1
20,000
8 owerbonds, Mar., 1881 ... 4
........
28,000
.......
Apr. 11, 1911
Water bonds, 1886............. 4
40,000
F &A
Aug. 1, 1911
do
1891............. 4
100,000
July 1, 1918
do
1888............. 3*2 J & J
Subject to call July 1, 1898.
75.000
.......
June 1, 1910
do
1890............. 3*2
I N T E R E S T - W H E R E P A Y A B L E . -Interest on water S ^s due July
1 , 1918, is paid at city treasury.
jQ -y/^L D E B T Et c .—T he total bonded debt Jan. 1893, including
bonds issued join tly witli town of W alkill, $384,000; certificates of
indebtedness, $15,000. Sinking fund payments are made annually
towards retirement of sewer bonds.
A S S ES S ED V A L U A T IO N .— In 1891 the assessed valuation o f real
estate was $2,462,331; of personal property, $229,725; total, $2,692,056
tax rate, (per $1,000) in 1890, $34*18, this including State and county
tax, $10 00, and city and school tax, $24*18. In 1887 total assessed
valuation was $3,298,470. Property is assessed at “ probably kj actual
value.”
P O P U L A T IO N .—The population in 1890 was 11,977; in 1880, was
8.494.
M O N R O E C O . — A lexand er M cV e a n , Treas.
County seat is Rochester.
$325,000
LOANS—
When Due. Total debt Apr. 1,1893
T ax v alu ation ,real... 132,202,470
B o u n t y B o n d s (Refunding)—
8,408,803
3njs, F&A, $50,000..Feb. 15, 1899 T ax valuat’n,pers’nal.
39, F&A, 200,000..Feb. 15,1894 Total valuation 1893.140,011,273
($50.000due y’rly) toFeb. 15,1896 Population 1890 w as........ 189,586
3a, F&A, $75,000..Feb. 15, 1897 Population 1880 w as........ 144,903
3s, F&A, 50,000..Feb. 15, 1898 Population 1870 was........ 117,868
IN T E R E S T and principal are payable at tlie Am erican Exchange
National Bank, N ew Y ork City.
M O U N T V E R N O N . — J. P. H a y e s , City Clerk.
Vol. LYI
T O T A L D E BT E TC .— The total funded debt on Feb. 1,1893, was
$482,870; floating debt, $37,000; total debt, $519,870, o f which the
water debt was $400,500. The floating debt was incurred by the
Board o f Education, which borrows every year in anticipation of taxes
collectible about Nov. 1.
W A T E R W O R K S .— year 1890-91 water rents collected amounted
to $39,468.
ASSESSED V A L U A T IO N .—In 1892 the assessed valuation of real
estate was $8,116,610; o f personal property, $656,600; total,
$8,773,210. State and county ta x rate (per $1,000), $7*29; city and
school ta x per $1,000, $15*60; total, $22*89. In 1880 total assessed
valuation was $8,591,859. Property is assessed at about 40 per cent
of actual value.
P O P U L A T IO N .—Tlie population in 1890 was 23,263; in 1880 it was
18,049; in 1870 it was 17,014.
N E W
R O C H E L L E . — L. D. H untington , Pres.
This village is ui Westchester County. Sewer bonds to the amount
o f $195,000 have recently been authorized.
LO AN S—
- Interest.—
—
.
-------- P r i n c i p a l ------ ,
NAME AND PURPOSE,
Rate. Payable. When Dae. OutstaiuPg.
........
1894
$175,000
Sewer Certificates...... ..........r. 5
Sewerbonds............................ 5
-----1909
100,000
IN T E R E S T - W H E R E P A Y A B L E .— Interest is payable at New
Rochelle.
T O T A L D E B T, Et c .—The village’s total funded debt January 1892
was $275,000.
ASSESSED V A L U A T IO N .—In 1890 the assessed valuation of real
estate was $2,748,475; of personal property, $15,000; total, $2,763,475;
ta x rate (per $1,000), $14-86 In 1889 total assessed valuation was
$2,569,600.
P O P U L A T IO N .—The population in 1890 was 8,318; In 1880 it was
5,276; in 1870 it was 3,915.
H eeg, Supervisor.
Moimt Yernon is in West Chester County. The city received its N E W T O W N . — J o h n
N ew tow n is in Queens County.
charter on March 22,1892.
LOANS—
When Due. Total debt Mar. 1, ’ 93.. $413,000
-P rin c ip a l.LO AN S—
------ Interest.— v
Tax valuation, real...... 5,293,410
T o w n B ondsWhen Due.
Outstand’g.
NAME AND PURPOSE. _ Pate. Payable.
83,500
78, M&S, $80,000........... ............ T ax valuation, person’l
$15,000
Assessment bonds, 1892. 5
M A S Sept. 1 ,’94, t o ’ 98
6s, M&S,
20,000.......... ............... Total valuation 1892... 5,376,910
($5,000 due in ’ 94, ’ 96 an d ’98 respectively.)
5s, M&8, 128,000.......... ............ Assessment about k? actual value.
' 1894 to 1913
)
$41,000 5s, M&S,
School Dist. bonds, 1893. 4
55,000.......... ............ Total tax (per $1,000)........ $26*20
$2,000 due y’rly. 5
a80,000 5s, M&N, 15,000.......... ............ Population in 1890 was...... 17,549
J & D $10 ,00 0 yearly.
4
Sewerage loan bonds —
4s, M&S,
68,000.......... ............ Population in 1880 was...... 9,804
a50,000
J & D
do
c *. 4
do
al5,000
J & D
June 1, 1919
4
do
do
t
—
/ v
—
~
t
$
AS
G ILR Y, Mayor.
a l 5,000 NT E ' t t t Yr O ~ t—> tl7 O i rT-' Y . J THOM .W . F. YERS.OComptroller.
J & D
June 1, 1920
4
do
do
W
-T L v
1
t HEO
M
•26,500
certificates.. 5
J -Q
do
The consolidation o f N ew York City and N ew Y o rk County took place
13,205
v illa g e ........ 6
J -Q
do
F & A
100,000 in the year 1873 and the city then assumed the county debt. In the
H ighw ay bonds.............. 4
5July 1, ’93, to ’95 }
9,000 follow ing statement loans wholly in the sinking fund are distinguished
R elief bonds.................. 5
J & J 1 $3,000 due y’rly. 5
by s. f. prefixed to the amount outstanding. Loans exem pt from taxa
a $1,000 each.
tion have a paragraph mark (1[) added to the title o f the loan. The
IN T E R E S T - W H E R E P A Y A B L E —Interest is payable at National
letters a , b , e, d and e prefixed to the amoimt outstanding refer to
Citizens’ Bank, Now York City.
the security which the loans have by reason of sinking funds, as fully
T O T A L D E B T , ETC.—The total funded debt on Aug. 1, 1892, was
explained in the foot notes to the table.
$308,705.
LOANS—
/ Interest.— ,
—
------P rin cip a l.
P O P U L A T IO N .—The population in 1890 was 10,677; in 1880 it was NAME AND PURPOSE.
Outstand'g.
When Due.
Rate. Payable.
4,586. According to local authority the population in 1892 was 17,000- Arm ory bonds............... IT 3
C$302,000
Aug. 15,1894
M & N
c670,000
Aug. 15, 1895
M & N
3
do
do
c200,000
Aug. 15, 1904
M & N
3
do
do
M i r r x r I— YPI— t t - t
>
,
k
5 CHAS. J. LAW SON, Mayor.
€341,500
Nov. 1, 1907
M & N
.. 3
do
do
N E W B E R L I N .— £ j. n . WEED, Treasurer.
Of this $91,500 is in the sinking fund
The village o f N ew Berlin is situated in a town of the same name in
Nov. 1, 1909
c442,000
M & N
do .............. If '3
do
Nov. 1, 1907 c s.f.244,478
Chenango County, but town and village are separate corporations and
do ...............1F2le&3 M & N
do
Nov. 1, 19 10 c s.f.506,656
M & N
do
do
have separate debts. The population o f the village in 1890 was about
1910
50,000
do ...... 1893tf
do
1,000.
Nov. 1, 1893 s . f 2,340,000
M & N
Assessment bonds............ 3
Nov. 1, 1895 s.f.2,254,803
When Due. Total Tow n debt, 1893... $75,000
M & N
3
do
do
LO ANSNov. 1, 1896 s.f.650,000
do V illage d eb t,.........
36,000
M & N
TOWN.
3
do
do
1895
1,281
T ax valuation in 1890—
N. Y . & Os. M idland RR.—
do
.,189311 3
do
1896
200,000
Tow n ............................ 1,135,870
4a, J&J, $75,000....... July 1, 1908
..18931T 3
do
do
Nov. 1, 1893
s . f 55,000
V illage......................... 386,165
Subject to call after 1S93
do
2kj M & N
do
Nov. 1, 1894 s . f 518,000
2L> M & N
Population of Town, ’90.
........
V IL L A G E .
do
do
Nov. 1, 1903
336,600
Population in 1880 was.
2,572 Assessment fund stock... 7
M & N
W a t e r B onds— .
Nov. 1, 1903 s.f.156,100
M & N
6
4s, J&J, $36,000..... July 15, 1915
do
do
Nov. 1, 1910
900,450
M & N
6
do
do
I N T E R E S T on town bonds is payable at First N ation al Bank, Berlin
Of this $364,850 is in the sinking fund.
Interest on villago bonds is payable in New York.
s.f.500
............ 5
M & N
Nov. 1, 1903
do
do
Bridge Bonds and Consolidated Stock:—
t t -— \~k t i— r t t~>
v t i
>
5 CH ARLES J. LAWSON, Mayor.
Nov. 1, 1906 c s.f.50,000
Harlem R.Br. (consol, st.) 3
M & N
IN H i W Jl5 U i i L x .— l j . x . W EED, Treasurer.
do(c. 8.) 1887.. 3
M & N
Nov. 1, 1907 c l , 250,000
do
This city is the county seat of Orange County. The interest on the
$350,000 is in the s’k’ g f d and $900,000 is tax free,
water bonds is met by water rents. The Chambers Creek bridge bonds
do (con. st.)... 3
$1 & N
Nov. 1, 1908 c l , 150,000
do
$800,000 is in the s’ k’ g f ’d and $850,00<Ms tax free.
wore issued join tly by the city of Newburg and town o f N ew Windsor,
c s.f.16,650
1910
3
do (consol, st.)
do
to be paid in proportion to the taxable property of each.
c s.f.89,508
1911
do (consol, st.) 3
do
c s.f.33,378
— In terest.— , r •
1912
— rin cip a l.
P
LO AN Sdo (consol, st.) 3
do
c s . f 26,700
1912
Pate. Payable.
When Due.
Outstand'g.
NAME AND PURPOSE.
do (consol, st.) 3
do
15,175
1913
’93-1901
d o ...... 18931T 3
do
B ’dge (Chmbrs Cr’k).’ 81-83 4
M & S ; Sept. 15, yearly, > *$45,000
5,000
1914
$5,000
i
d o ...... 1893U 3
do
Nov. 1, 1916 c s .f.1 7 0 ,000
do
do
.1883 4
M & S
Sept. 15,1902
1,000
M & N
do (155th st.) 3
do
Nov. 1, 1910
cl78,300
Electric Fire Alarm . .1889 3b, A & 0
Nov. 1, 1893
1,200
do (con. st.) IT 2*2 M & N
do
Nov. 1, 1909 e s.f.385,100
25,170
Glebe fund............... .1885 3
F & A
Aug. 5, 1935
M & N
do (consol, st.)
do
1910
c s.f.14,500
W ater bonds........... .1875 6
M &N
8,000
M ay 1, 1895
do (consol, st.) 2^
do
Nov. 1,
1,500,000
do
............ .1876 6
M & N
May 1, 1896
15,000
M & N
d o v . x, 1905
N .Y . Bridge.'............... - 6
do
............ .1877 5
M & S
Mch. 1, 1897
12,000
Of this $1,252,000 is in the sinking fund.
do
........... .1877 5
July 1, 1897
65,000
j & j
(consol, stock) .6
Q -F
May 1, 1926
_ 500,000
do
do
............ .1885 4
M & N
Nov. 1, 1893
Subject to call on or after July 1,1896.
2,000
5
Q -F
M ay 1, 1926
500,000
do
............ .1885 4
M & N
Nov. 1, 1894
2,0C9
do
do
do
............ .1885 4
M & N
Nov. 1, 1898
2,000
Subject to call on or after Nov. 1,1896.
*5
Q _F
M ay 1, 1926
500,000
do
........... .1885 4
M & N
Nov. 1, 1899
2,000
do
do
do
........... .1880 4
July 1, 1900
Subject to can on or after Nov. 1,1900.
10,000
j & j
5
Q—F
M ay 1, 1926
c921,900
do
............ .1881 4
20,000
M & S
Sept. 1, 1901
do
do
do
............ .1882 4
Sept. 1, 1902
Subject to call on or after Nov. 1,1900,
M & 8
15,000
do
........... .1885 4
M & N
Nov. 1, 1905
13,000
$421,900 being in tlie sinking fund.
.. . 5
M & N
1903-1928 c s.f.300,000
do
............ .1892 4
M & S
Sept. 1, 1911
20,000
do
1903-1928 e s.f.450,000
do
.......... .1892 4
F & A
Feb. 1, 1912
125,500
do
1905-1928 e s.f.416,6b6
do
.......... . 1892 4
M & 8
44,000
Sept. 1, 1912
do
Nov. 1, 1922 c s.f.330,000
do
.......... .1887 3A, M & 8
SeiJt. 1, 1907
18,000
(cons, stk.)
do
Julv 1, 1898
a275,000
do
.......... .1890 3
M & 8
Mch. 1, 1894
7,000
Central Park fund stock,
July 1, 1898
a399,300
do
.......... .1886 3
M & S
20,000
Sept. 1, 1906
do
do
Contingent expenses. 1892 4
M & 8
Mar. 1, 1894
5,000
Of tliis $41,1dOO is in sinking fund.
do
do
1892 4
M & S
Mar. 1, 1895
5,000
Cen. Park imp. f'd stock. 6
Q—F
June 1, 1895 a l , 766,600
Of tliis $951,300 is m sinking lund.
1 Includes New Windsor’s share.
April, 1893.
X£W YOfcK— CJTJSS M D
LOANS—
'— Interest. — .
-Principal.
NAME AND PURPOSE.
Rate. Payable.
When Due.
Oulstarndtg.
Consolidated stock- (Continued)—
City improvement stock
qo
(consol, stock,) g. 6g. M & X
Nov. 1, 1896
$820,000
do
do
... 6
M A X
May l , 1926
445,000
Subject to call on and after July 1,1896.
do
do
... 5
M A N
May 1, 1926
242,803
Subject to call on and after Nov. 1,1896.
$4,803 being in the sinking fund.
do (all in sink. fund). 5 A 6 M & N
---------- 1900 s.f.13,616
City Parks Improvement Fund S to ck Issue of 1872................... 7 M A N
Dec. 23, 1901
200,000
do 1872-73............. 7 M A N
Sept. 3, 1902
465,000
do 1873 ................ 7 M A N
Ju ly 1, 1903
446,000
do 1871-72............. 6 M A N
Dec. 23, 1901
1,638,000
Of this $1,371,500 is in the sinking fund,
do (consol, stock).. 6g. J A J
Jan. 1, 1902
862,000
do (pairt consoL).... 6
M AN
Sept. 3, 1902 s.f.685,000
do 1873-71............ '
M A N
Ju ly 1 . 1903
804,000
Of this $704,000 is in the sinking fund.
do 1875-76............. 6 M A N
Ju ly 1, 1904
225,000
Of this $125,000 is in the sinking fund,
do 1877-80.............. 5
M A N
July 1, 1904 ».f.336,000
Consolidated Stock
M A
N Nov. 1, 1894
1,955,000
City
6.324,700
J A I> Dec. 1. 1896 *,,*,*•*,, w
do B. and C.” .............. 7
6
M A N Nov. 1. 1894 *.f.500,000
do
Nov. 1, 1896
1,564,000
do gold.......................... 6 g M A N
Ju ly 1, 1901
- 4,252,500
do gold........................ 6 g J A J
M A N
May 1, 1926
1, 436,525
do " D ” ........................ 6
Subject to call on and after Ju ly 1,1896*
$525 being In the sinking fund.
....
6 M A N Mav
1, 1916
121,825
do
Subject to call on and after Nov. 1, 1896.
$1,824 being In the sinking fund.
....
3 M A N May 1, 1916
300,000
do
Subject to call on and after Nov. 1,1896.
....
5 M A N Nov. 1, 1897
200,000
do “ O " ...........
Of this $169,000 is In the sinking fund.
.. .. 5 g M A N Nov. 1, 1928 1*6,900,000
do No. 2, gold.
Subject to call on and after Nov. 1, 1908.
Xov. 1, 1899 c *.f.089,735
. 4*5 M A X
do • L and M” .
*
Xov. 1, 1910 1*2,800,000
M A N
..ft 4
do No. 2 ......... .
i *h\ l, 1896, $1,680,200
J A I>
___ 7
County “ A” and
JuljT 1. 1901
8,885,500
do gold......
... 6 g J A j
191 2
10.000
Impt. Castle f;arden.’93' 3
3*
*
•
Xov. 1, 1929 e9,803,000
M A X
New parks, etc.
Subject U» call on or after Nov. 1, 1909,
$446,000 being In the linking fund.
...ft 3
M A N
Nov. 1, 1909e».f.$l05,000
Repaving. . ..
. ..ft 3
M AN
Nov. 1, 1910 e l.000,000
M H
Nov. 1. 1911 e .................. ..
J
............... *........M i
Nov. l.
. t lOOt
3
M A X
Nov. 1, line* c *.r.895,1* -o
do
.......................... 2»< M A X
Aug. 15, 1-894
clHO.OU'
M A X
Hiker's Island —
...5 3
Nov. 1. 1913 « ».f.SOO,OOi
Am. MuM'iiiiiNal. HUt'y.2 4 A3 M A X
Nov. l, 1907
».f.7.«MM
3
M A X
East River Park.........
Nov. 1, 1911 *.f.352,618
do
............ 3
M A X
Nov. 1. 1907
a.f.3,500
do
............ 2 4 M A X
1907 to 1909 c a. f 503,715
Gamtevoort market....... 3
M A X
1905 to 1913 e a.f.687,000
Metropolitan Miiwtuu...2 4*c3 M A X
Nov. 1, 1907 c ».f.395.0O0
Mono rig**ide park.........2 4 A 3 M A X
.......
do
do 1893*' :<
1907
25,000
......
1911
5.000
Rutger* Slip park.1893^ 3
1894 to 1909 c a. f.363,750
Oth**r small loam*.......... 'J:4A 3 M A N
Court B oiimi Bonds and 810xsk :
M A X
Criminal Court House * 3
do
do
., ft 3
M A X
do
do
ft 3
VI A X
do
do
* 3
M A X
.......
do
do 1893* 3
do
do
___ 2 4 M A X
M A X
N. Y. C n ty Court n ’ s e .t’k 6
6
M A X
do
do
51
-— Interest.— v
-Principal,LO ANSRate. Payable. When Due. Outstanding.
NAME AND PURPOSE.
Soldiers’ Bounty Fund:—
No. 3 of 1865................ 7
M & N
Nov. 1, 1895
$151,000
do
do .
M AN
Nov. 1, 1896
401,600
Of this $100,000 is in the sinking fund.
do
do ................. 7
M & N
Nov. 1, 1897
193,200
do
do ................. 6
20,700
Water Stock and Bonds—
Add’l Croton Water Stock 4
M AN
.............. 1899c s.f.2230000
Nov. 1, 1895
c240,000
do
do
IT 34 M A N
M AN
do
do
IT 3
Nov. 1, 1899
c500,000
M AN
do
do
.. 3
Nov. 1, 1899 cs.f.259,000
do
do
.. 3
M AN
Nov. 1. 1904ds.f.2150000
do
do 1893tf 3
1904
50,000
do
do
.. 2*2 M A N
Nov. 1, 1904 ds.f.300,000
Additional new croton
acqueduct stock.......... 7
M AN
Aug. 1, 1900 a l,004,500
do
do
........... 6
M AN
Aug. 1, 1900
a269,800
do
do
........... 5
M A N
Aug. 1, 1900
a 57,000
Additional water stock.ft 34 A A O Oct. 1, 1933
300,000
Subject to call on and after Oct. 1,1913.
do
do
........ft 3 4 A A O
Oct. 1, 1904 d l ,500,000
do
do
........ft 3 A A O
Oct. 1, 1933
145,000
Subject to call on and after Oct. 1,1913.
$45,000 being in the sinking fund.
do
do
........ft 3 A A O
Oct, 1, 1904 d6,000,000
Of this $1,000,000 is in the sinking fund.
do
do
....ft 3 A A O Oct. 1, 1905 d5,000,000
do
do
....ft 3 A A O Oct. 1, 1907 d l2 ,350,000
Of this $4,150,000 is in the sinking fund.
do
do
1893 ft 3
...........
1907
450,000
do
do
....ft 2i2 A A O Oct. 1, 1907ds.f.950,000
CrotonReservoir........ 6
Q— F
Aug. 1, 1907
a20,000
Croton water main stock 7
M AN
Nov. 1. 1900
2,228,000
Of this $44,000 is in the sinking fund.
do
..6
M A N
Nov. 1, 1900
1,256,000
do
Of this $972,000 is in the sinking fund.
do
do
..5
M AN
Nov. 1, 1900 s.f.248,000
do
do
.. 5
M AN
Nov. 1, 1906
1,449,000
Of this $1,276,000 is in the sinking fund.
do
do
.. 4
M A N Nov. 1, 1906
s.f.15,000
a412,000
Water stock of 1870......... 7 M A N Nov. 1, 1902
do
do
......... 6
M AN
Nov. 1. 1902
a63,000
1913
5.000
do
do 1893 ft 3
............
A nnexed T erritory Bonds.
Town of Morrisania *
1893 to 1915
22,500
Central Av. construction 7 Ann’ly ^ $1,000 yearly.
1916 to 1980
65.000
do
do
7
semi-an^ $1,000 yearly.
3.000
1893 A 1894
N. Brothers IsL purchase 7 M A S
1893 to 1910
13.000
St. Ann’s Av. construct’n 7 M A S £ $1,000 yearly.
Town of West Farms—
An’Iy *
1893 to 2147
54,000
Central Av. construction
s’mi-an. $1,000 yearly. | $2,
These bon is mature $1,000 yearly, except in the years 1916 and
1917 when iu each year $1,500 matnre; in 1949 and 1975, none; in
1950. $2,000; in 1959 and 2147, each $500. The interest on about
one-half the bonds Is paid annually, and on the remainder semi
annually.
. . . „ < 1893 to 1897
5.500
Franklin A t . constr’tion.
1 * H '( $1,000 yearly.
,1
1892 to 1895
8,000
Madison A t . constr'tion.
M ,Y r*
$^000 yearly.
. . . a 5 1893 to 1908
168,500
So. BouleTard constr't’n.
51 * s ( $10,000 yearly.
8.500
M & 8
1909
do
do
1900-1908 e a.f. 100,000
1901 -1908 r » . f.300,000
1902-1908 c a. r. 450,000
1903 1908 c » . f . l 00,04M
)
1908
50,4100
11881 1908 c « . r.35.000
1894
a.f. 100.000
a These bonds are a first lieu on “ sinking fund redemption No. I .”
Nor. 1. 1896
54,091
Of thl* $13,891 U In the sinking fund.
b These bonds are a second lien on “ sinking fund redemption No. I.”
Nov. 1, 1898
384,500
M AN
do ■
do
c These bonds and stocks are secured by special fund derlTed from
Of thl* $234,500 U in the sinking fund.
taxation and from “ sinking fund redemption No. I.”
1896 A 1898 a. f, 114,500
4A5 M A N
do
do
dTheso water bondsare payable from'‘sinking fundredemptionNo.il.’.
3 M AN
Nov. 1, 1911 c « . f . 75,000
Police and Dtit, court*
M AN
3
M AN
Nov. 1. 1912 c •.f.75.000
M AN
do
do
e Payable from sinking fund redemption No. I under law authorizing
Nov. 1,
1901
5481,04)0
M A N
Dock bond*......................
Nov. 1,
1902
750.000 their issue.
M AN
do
Nor. 1,
1904
348.800
M A X
do
PAR V A L U E O F BONDS.—The denominations of the bonds and
6g. J A J
J
J
July 1.
1901 1,000.000 stock of the city of New York are not fixed. Certificates are issued fo r
do
(oonaoL it*k).
6
M AN
Nov. 1. 1906
1,065,200
do
any amount In even hundreds, with $500 as the minimum.
O f this $321,200 is In the sinking fund.
0
M A N
1902 to 11M . f . $ 1,376.000
>6»
do
IN T E R E S T — W H E R E P A Y A B L E .—Coupon interest is payable at
____ 5
M AN
Nov. 1, 1909
c 500,000
do
S ate Trust Company; registered interest at office of City Chamber
Of thl* $300,000 is in the sinking fund.
...... 5
M AN
Nov. 1.
1908541,200
lain; interest on the gold coupon bonds of 1901 and 1902 is payable
do
O f thl* $372,000 is In sinking fund and #225,000 payable from “ e."
do
......................
3
V IA N
l!88i to 1911 » . f - 1,449,800 also at Messrs. Rothschilds in London.
Of this $711,000 is payable from “ c.”
T O T A L D E B T , S IN K IN G F U N D S , ETC—The subjoined statement
M A X
1911 to 1914 *. f.2,747,000 shows New York's total municipal debt and the sinking fund held by
4
do
Xov. 1, 1915 c 1.150.000
do
34 M A X
C625.000 the city against the same on the dates Indicated.
Xov. 1, 1914
3
M A X
do
A p ril 1 ,1893.
A p ril 1,1802.
Jan. 1,1892
sinking fund and $3. >5,000 tax exempt.
Of th
C500.000 Total funded debt...$156,823,489
Xov. 1, 1916
M A X
d« *
3
$151,653,069
$150,298,869
C500.000 Sinking fund........... 57,428,905
1, 1917
Nov.
3
M A X
d"
o3,413,495
52,/83,433
Xov. 1, 1918 e l.000.000
VI A X
do
....................... 3
Of this #500,000 Is Id the sinking fund.
$97,515,436
$98,239,574
Net funded debt. $99,394,584
.................................. t a d
Xov. 1, 1919
V! A X
do
.............. ft 3
34,600
2,278,072
2,896,800
Rerenue bonds......
Xov. 1, 1920 v .
...... ........... * 3
do
M A X
7H H
.U
Xov. 1, 1921 ,.|. 4 1 4 ) Total net debt...... $101,670,656
$97,550,036
do
...... .............. ft 3
M A X
$101,136,374
.... .. in tin- sinking fund.
Jan. 1,1889.
Jan. 1.1891.
Jan. 1 ,1890.
* rt
Xov. 1, 1922 c*.f.2130000
m a X
do
$132,445,095
$141,839,028
r 3
1922
*-20.000 Total funded debt...$146,371,023
Xov. 1,
M A X
do
44,434,690
Sinking fund........... 48,513,793
45,638,142
T 3
Xov. 1, 1923 c * .f.400.000
M A X
do
r 3
Xov. 1, 1923
*400,000
M A X
do
$88,010,405
Net funded debt.. $97,857,230
$96,200,885
615,000
192 3
ir 3
do
.. 1893
3,302,730
207,188
~,4G-, 187
________ ___
1919 A 1920 c ».T. 150,000 Rerenue bonds........
do
. . . . ___
24 M A X
Xov. 1. 1899 a. f.521,952
6
M A X
Fire department
Total net debt.... '$98,064,418
$98,663,072
$91,313,135
1894
75,000
May 1,
7
M A X
Market stock
The annexed table shows the city’s net debt as it was on the first day
40,000
May 1, 1897
7
M A X
do
.....
May 1. 1897 » .f . 181.000 of January of each of the following years:
6
M A X
do
.......
Var. M A X
May 1. 1903 n ,f. 958,000
Museum Art, etc.
.. $116,773,721
1913
10.000 1893....... $98,995,651 1888....... $93,300,581 1876..
•
do
do
1893*' 3
........
..73,373,552
.s.f.2,276.072 1X92___ 97,550,036 1887...... 90,395,634 1871..
Revenne bonds..
.35,973,597
1886...... 93,031,951 1 8 6 6 ..
1801...... 98,061,418
Softool Ftind*—
?3
M AN
Aug.15, 1«94
cl .000.000 1890....... 98.663.072 1885....... 93,648,100 1862.. .. 20,087,331
Softool hse. Imnds (
*13
M AN
Nov. 1, 1897
C958.000 1889....... 91,313,135 1881....... 106,066,240
do
bonds
Of this $8,000 is in the sinking fund.
S IN K IN G F U N D S — Ttie total sinking fund assets on January 1,
ft3
M AN
Nov. 1, 1908 <-3,151,162
do bonds
18t>3, were $56,532,4u0. Of this amount $5,475,060 was held in a
Of this #2,256 Is in the sinking fund.
3
M AN
Nov. 1, 1908
e 119,806 special sinking fund (sinking fund redemption No. II.) for account of
4 bonds
lo
lit
Of this #22.767 Is in the sinking fund.
3
M AN
Nov. 1, 1911
c762,713 certain water bonds and $51,057,346 (sinking fund redemption No. I.>
do bonds
was held for certain other sinking fund issues. The character of the
Of this $65,537 is in the sinking fund.
•
"3
..........
1911
208,559 assets of the two sinkiug funds here referred to is evident from the
do bonds *93
24 M A N
1897-1908 cs.f.122,037
bonds
following;
Of this $12,000 Is tax exempt
52
STATE
Sinking Fund Sinking Fund
Redemption I. Redemption I I .
N. Y. City bonds (par value).$48,787,607
Cash................................... .
2,269,739
$53,337,607
3,194,799
CITY SUffi£M£WT,
Total.
$4,550,000
925,060
Vol. LVI.
LO AN S ~
/ Interest. — ,---------------P rin c ipal .— --------- v
—
NAME AND PURPOSE.
Rale Payable.
When Due. Outst'g,
Water bonds, 1888............. 3W M & N 5 M|^oOO ycarfy 8 \ $«>,000
d«
189d............. 3% F & A { A| f b 0 b y !a r iy 5 |
:!'™ 0
Tota l......................$51,057,340
$56,532,406
$5,475,060
The totals of the various issues having a lieu on those sinking funds,
F & A ] A ^ ;o o O yearly0 }
30,000
d°
1390..................
T O T A L D E B T , E t c .— T he total funded debt (last returns) waa
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 $140,000, of which $132,000 was water debt.
ASSE SSE D V A L U A T IO N .— In 1890 the assessed valuation of real
above to designate the issues having such lien,
estate was $3,067,095; of personal property, $759,675; total, $3,826,a Total issues having a first lieu on sinking fund redemp
tion No. I ...........
$4,267,200 770; State and county tax average rate (per $1,000) $9*066.
b Total issues having a second lien on sinking fund
P O P U L A T IO N .— The population in 1890 was 11,662; in 1880 was
redemption No. I ...........................................- .................... 9,700,000
10,341.
c Consolidated stock, etc., having a lien on special fund
derived from taxation and from sinking fund redemp
tion No. 1.............................................................................. 43,843,025
d Total issues payable from sinking fund redemptionNo.il. 28,250,000 O L E A N . — Olean is in Cattaraugus County.
LO AN S—
When Due. Tax valuation 1892 . $3,894,503
e Consolidated stock (new parks) payable from sinking
B onds —
Populat’n village 1890 was, 7,358
fund redemption No. I in accordance with act of au
was.11,507
9,803,000
thorization .........................................................
I $106,500............................... Population town 1890 was. 3,036
Populat’n village 1880
F or further information touching the sinking funds, the reader is
Total debt 1892................. $106,500 Population town 1880 was. 6,575
referred to the above detailed statement of the city s’ debt, in which
are indicated both the principal holdings of the sinking fund and the
O N E I D A C O . — Chas . F. B a r n a r d , Treas.
several issues held by the public to which the sinking fund applies.
County .seat is Utica.
A S S E S S E D VALUATION.—The city’s assessed valuation and tax
LO AN S—
When Dae. Int. payable at Co. Treas. office.
rate have been as follows :
Countv House F arm Total debt Nov. 1, 1892. $11,600
Personal
Total Assessed Rate o f Tax 48, Mar., $3,000........Mar. 1, 1893 Tax valuation, real-------44,001,837
Tears.
Real Estate.
Estate.
Valuation, per $1,000. 4s, Mar., 3,000....... Mar. 1, 1891 Tax valuation, personal 4,518,306
$323,359,672
1892........$1,504,904,603
$1,828,264,275
$18*50
State A rmory —
Total valuation 1892...48,520,143
1891....... 1,464,247,820
1,785,857,338
19*00 4s, Oct., $17,800....Oct. 24, 1893 Total tax (per $1,000)....... $6*19
321,609,518
1890....... 1,398,290,007
298,688,383
1,696,978,390
19*70 4s, Oct., 17,800....Oct, 24,1894 Population 1890 was........ 122,922
272,260,822
1,603,839,113
19*50
1889....... 1,331,578,291
250,623,552
1,553,442,431
22*20
1888....... 1,302,818,879
253,148,814
1,507,640,663
21*60 O N O N D A G A C O . — G. B. H arwood . Treasxrrer.
1887....... 1,254,491,849
217,027,221
1,420,968,286
22*60
1886....... 1,203,941,065
County seat is Syracuse.
202,673,866
1,371,117,003
24*00
1885....... 1,168,443,137
LOANS—
When Due. 4s, M & S, $20,000... .Mch. 1, 1900
1880.......
942,571,690
201,194,037
1,143,765,727
25*40
V olunteer $500 Coup . B onds Interest is payable at Syracuse.
1875.......
883,643,545
217,300,154
1,100,943,699
29*40
(extension).
Total debt Jan. 1,1893. $220,000
305,285,374
1,047,388,449
22*50 5 s ,........ , $125,000 . .1893 to 1897
1870.......
742,103,075
Valuation , etc.
181,423,471
1865.......
427,360,884
608,784,355
29*90
($25,000 due yearly)
Tax valuation, real.......75,698,893
1861.......
406,955,665
174,624,306
581,579,971
19*98
V olunteer B onds (refunded)— Tax valuation, person’l. 6,715,286
E X PEN D I T U R ES.— Annexed is a statement of expenditures for the 4s, M & S, $20,000....Mar. 1, 1894 Total valuation, 1891..82,414,179
($5,000 due yearly) to Mar. 1, 1897 Population in 1890 was 146,247
years 1892 and 1891:
4s, M & S, $25,000... .Mar. 1, 1898 Population in 1880 was 117,893
1892.
1891.
4s, M & S, $25,000... .Mar. 1, 1899
For State taxes................................ ............ $2,398,504
$3,973,890
For Expenses of the City Governm entInterest on the city debt...........................
5,008,645
5,084,803 O S W E G A T C H I E . — J. C. B ir g e , Supervisor.
1,163,428
Redemption of the city debt.....................
1,307,591
This town is in St. Lawrence County.
75,486
The Common Council................................
77,432
Valuation , etc.—
27,374
The Mayoralty...........................................
LOANS—
When Due.
26,044
F a ir Ground B onds :
Finance Department.................................
Total debt (last returns).. .$92,000
295,063
292,056
211,784
Law Department.......................................
205,841 7 s ,...., $25,500............................ Tax valuation 1890___ 1,579,414
B ridge Bonds :
3,137,472
Department of Public Works...................
Real estate being....... 1,533,914
3,151,648
Department of Public Parks...................
Personal property___
45,500
1,020,028
966,806 7 s ,...., $20,000............................
T own H a ll B onds :
315,133
Total tax per $1,000 ...
8*40
Dept of Street Imp’ts 23d and24th wards
234,844
2.208.360
Department of Public Charities, &c........
2,346
2,099,884 6 s ,...., $25,000............................ Population in 1890 was
429,965
Health Department...................................
22,000............................
do
in 1880 was
2,881
411,927 5 s ,......
4,919,375
Police Department.....................................
4,773,187
Department of Street Cleaning..............
1,924,707
1,546,343 a a q t t r tt ’
5 W IL L IA M D A L L E N , Mayor.
Fire Department........................................
2.175.361
2,238,405 L J O W
— (J O H N D O W D LE , Treasurer.
92,287
Department of Buildings..........................
Oswego, in a town of the same name, is in Oswego County.
4,337,694
Board of Education...................................
4,230,264
LOANS—
/ Interest.— . .---------------- Prin cip a l. ---------------.
—
145,651
College of the City of New Y o rk .............
144,273
Normal College..........................................
NAME AND PURPOSE.
Rate. Payable.
When Due.
Outstand'g.
121,968
122,799
111,671
Department of Taxes and Assessments..
112,127 Railroad bonds................... 7
A &O
*50,000
The Judiciary............................................
1,467,535
1,461,060
264,494
Printing, Stationery and Blank Books..
325,881
do
.................. 3A, A & O \ $i2^000 eael?y’r.
72’000
20,837
Municipal Service Examining Boards...
19,589
52,473
The Coroners..................................................
50,849
d0
................... 3 V A * O | $24*000 "eaehV’r . } 480’000
118,834
The Sheriff......................................................
140,851
129,525
The Register..................................................
126,007
d0
32,417
The Commissioners of Accounts................
..................
A & o U s ^ o ia e h ^ e a r .
63>
000
27,393
J & J
--------- , 1902
60,000
358,977
Bureau of Elections......................................
298,187 City bonds............................ 7
526,061
Judgments.....................................................
730,656
I N T E R E S T - W H E R E P A Y A B L E -In te re s t is payable at the
1,200,670
Asylums, reformatories, &c........................
1,175,483
496,100
Miscellaneous.................................... ..........
823,327 American Exchange National Bank of New York.
T O T A L D E B T , E t c .— T he total funded debt on Jan. 1,1893, was
Total.........................................................$34,787,894
$36,179,454 $805,000. The interest and principal of railroad bonds when due are
P O P U L A T I O N — In 1890 the population was 1,515,501; in 1880 it met by the tax levy of Oswego County.
was 1,206,299; in 1870 it was 942,292.
A S S E S S E D V A L U A T IO N — In 1890 the assessed valuation of real
estate was $8,600,000; of personal property, $770,000; total, $9,370,.
N I A G A R A F A L L S . - L . P. D a y t o n , City Ol’rk. 000 ; tax rate (per $1,000), $25*20, of which $10*80 was for State and
This city is in Niagara County.
coimty tax. Real estate is assessed “ very near its actual value.”
LOANS—
When Due. Assessed valuation ’92.$9,000,000
P O P U L A T IO N — The population in 1890 was 21,842; in 1880 it was
SBWiik B onds—
Assessment about ^ real value.
4s, g., J& J, $50,000.. .Ju ly 1, 1912 Population in 1890 was...... 5,502 21,117 ; in 1870 it was 20,910. Other bonds................... $262,000 Population in 1880 was...... 3,320
Total debt Jan., 1893...
312,000 Local census 1892.................13,000 O S W E G O C O U N T Y . — T homas M oore, Treas.
County seats are Oswego and Pulaski.
Valuation, etc.
LOANS—
When Due.
N O R T H T O N A W A N D A . — T. E. W ar n e r ,
Jail Bonds.
Total debt Mar., 1893.. $127,000
Village Clerk.
3 14 s, M&S, $12,000...... 1893-1894
Valuation, real.............. 23,925, 36
F unding F loating D ebt—
Valuation, personal___ 1,401,475
This village ia In Niagara County.
1892..................... 25,327,111
LO AN S—
When Due. Total debt June 20, ’92. $101,000 3^5, M&S, $15,000... 1893 to 1895 Total & co. tax per $1,000. .$13*72
($5,000 due yearly.)
Sew er BondsTa x valuation 1891........ 3,607,801 3^s, M&Ss, $100,000.1896 to 1905 State
Population in 1890 was...... 71,883
48, J& J, $81,000...........................
Assesament is Ai actual value.
($ 1 0 ,0 0 0 due yearly.)
Population in 1880 was...... 77,911
4a, J& J, 20,000......... Ian. 1, 1900 Village tax (per $1,000)..
12-76
IN T E R E S T on the funding bonds is payable at First National Bank,
($1,000 due yearly)to Jan. 1,1919 Population in 1890 waa........ 4,793
New York City.
I N T E R E S T ia payable at the Chase National Bank, New York City.
j
N O R W I C H . — E. L. N ash , Supervisor.
O V I D . — H ugh M cGh a n , Supervisor.
The town of Norwich is in Chenango County.
LOANS—
When Due. Int. paid at Itat. Bank of Norwich.
RE. B ondsTotal debt (latest returns) $117,000
46, J& J, $70,000......................1893 Ta x valuation 1890___ 2,563,865
($10,000 due yearly) to 1899 Tax rate (per $1,000)...
$32-50
Town B ondsPopulation ill 1890 was.........6,524
49, J& J, $15,000......................1893 Population in 1880 was.........5,756
($3,000 duo yearly) to 1897 Population in 1870 was.........5,601
P enn . & Sodus B ay RR.—
7s, M & S, $60,000. ..Aug. 31 1901
Interest is payable in N. Y. City.
Total debt Feb. 1,1891. ...$60,000
Sinking fund....................... 12,810
This town is in Seneca County.
LOANS—
When Due.
Net debt Feb. 1,1891.... $47,190
Tax valuation, real........ 1,281,950
Tax valuation, personal. 190,340
Total valuation 1891___ 1,472,290
Tot. tax (p. $1,000), 1890 $8*928
Population in 1890 was.
3,651
O X F O R D . —W il l ia m H. Dunsr, Treasurer.
This town i« in Chenango Coimty. Property in this town is assessed
at its full cash value.
This city is in St. Lawrence County. Bonds to the amount of $60,000,
LOANS—
When Due. Tax valuation, real.......$1,462,000
which shall be payable at the rate of $2,000 yearly from their date>
R ailroad BondsTax valuation, personal 256,800
78, F&A, $40,000.... 1894 to 1897 Total valuation 1892.. 1,718,800
have recently been authorized.
($10,000 due yearly.)
Total tax (per $1,000)..
$13*92
< Interest.— .
—
r------------ P rin cip a l. ------------- ,
LOANS3,13 8
NAME AND PURPOSE.
Mate. Payable.
When Due.
Outstand'a. Total debt Jan. 1,1893....$50,000 Population in 1890 was
IN T E R E S T is payable in Oxford and at the Central National Bank.
A . K , JiJ-IJUO i
rty 3?>’93 1. 08 (
OJ
\e
Water bonds, 1888...
3 > M & N £ •$3,000 yearly \ ©IQ /w
2
9
*48,000 New York Citv.
O G D E N S B U R G . — E dgar A . N ew ell , Mayor.
April, 1893.
YOBK— CITIES /W®
P E E K S K I L L . - F . W. D a i x , Treasurer.
Thla village ia in Westchester County.
LOANS—
WhenDue. |Total debt 1893............... $ 1 9 3 ,0 0 0
W a t e r BoXI*—
j Tax valuation in 1891....2,791,550
370*, J A J , $40,‘ *»0. July 1, 1922 I Population in 1890 was........9,676
7s, ........ 150,000
1904 Population in 1 8 8 0 was
6 893
Ot u e k B o n us —
j
3*119.......... $3,000.......$500 yearly |
P L A T T S B U R G . — Clin to x D. M oore, Treas.
5*3
eity against the same, and the water debt, at the date of our latest
returns:
Total funded debt (including water debt).............................. $1,770,264
Sinking funds...........................................................................
7 qoo
„
Wet debt...
..........................................................
« ater debt, included above.............................
$ 1 ,7 6 3 ,2 6 4
5 4 6 000
Floating debt................................................................ " " " "
None
The sinking fund receives yearly about $6,000 surplus from the
waterworks. The receipts of the water works in 1890 exceeded the
appropriations for maintenance and extensions by $6,565, which has
been set apart for the payment of water loans.
C I T Y P R O P E R T Y .— The city owns public buildings valued at about
This Tillage is situated Id Clinton County.
LOANS—
ITA«m Due. 5s, J A J , $7,000------ Ju ly 1,1895
R b f its i .is o B osds T —
T
5s, J A J ,
7,000....Jan. 1, 1897
4s, JA D , $10,000 ...Dec. 1,1895 -l^s, JA-J, 5,000....Jan. 1, 1894 $ 200 ,000 .
Sc hool B osms IT—
■Ugs, J A J ,
2,000 . . . Ju ly 1,1897
ASSESSED V A L U A T IO N .— The city’s assessed valuation and tax
4s, A AO,
$3.000... .Oft. 1.1899 4s, J A J ,
22,950... .Ju ly 1, 1895
Subject to call after Oct. 1,1894 4s, J A J ,
12,000 . . . Ju ly 1, 1896 rate have been as follows, real estate being assessed at about twoW a t e r B osks —
■Is. J A J .
1,000....Jan. 1,1897 tbirds of cash value;
«s, J A J . $18.550... .Ju ly 1. 1893 4s, J A J ,
30,000 ...J u ly 1, 1898
Personal
Total Assessed Rate o f Tax
5s. J A J ,
15,000 . . . Ju ly 1, 1894 4s. J A J ,
37,000....Ju ly 1, 1899 Tears—
Real Estate.
Property.
Valuation, per $1,000.
1891............ $10,556,320
$2,379,850
$12,436,170
$23-44
f Exempt from taxation.
1890............ 9,718,890
3,813,850
13,532,740
23-44
INTEREST—WHERE PAYABLE—Interest on refunding bonds is
P O P U L A T IO N .— In 1890 population was 22,206;in 1880 it was
payable by Village Treasurer. On school bonds at the office of the 20,207; in 1870 it was 20.080.
M anhattan Company, New York City.
T O TA L DEBT, ETC.— The total funded debt (last returns) was
$201,000, of which $192,000 was water debt. The village owns its Q U E E N S C O . —J oseph D ykes , Treasurer.
County seat is Long Island City.
water works, the revenue from which amounts to about $18,000 yearly
LO A N S —
When Due. Tax valuation 1890, as
ASSESSED VALUATION—In 1890 the assessed valuation of real
F l u s h in g H ig h w a y returned by assessors $38,893,010
estate was $1,191,805; of personal property, $45,000; total, $1,239,- 48, semi-an., $45,000 (gold) 1902 Tax valuation 1890, as
G o l d Bonds
805; tax rate (per $1,000), $33-25, of which $27'00 was for State and
equalized by State as
4s, seini-an., $110,000.
........
sessors........................ 48,977,385
county purposes.
J a m a ic a R o a d B o n d s —
Population in 1890 was. ..128,059
PO PULATIO N—The population In 1890 was 7,010; in 1880 It was 4g, J A J , $400,000 . . . May 1,1922 Population in 1880 w as... 90,574
5,245; in 1870 It was 5,139.
RE N SSE LAE R
C O . —T. D icksox , Treas.
County seat is Troy.
Thi* town U in Chenango County.
When Due.
W a r B onds (renewal)—
LO AN SH o u se o f I n d u s tr y B onds —
4 s ,.... $7,000...... .............. 1904
LOANS—
When Due. I Tax valuation, personal.. $26,675
........1902 4 s ,.... 30,000...... .............. 1905
R a il k o a d A id B o x d a —
j Total valuation 1891....... 478,075 4s.
W a r B oni s (renewal) —
4s, F&A, 30,000 .... ..Feb. 1,1906
4*. J A J , $58,900 .......Jan. 1, 1891 i A**«*tment nearly actual value.
........ 1893 4s, F& A,20,000...... ..Feb. 1, 1907
($3,000 due yearly) to Jan. 1, 1922 i Total tax (per $1,000)_
_ $21*50 4*.
........ 1894 4 s ,----- 27,000...... .............. 1907
Totiil debt Meh. 1, 1892.. $61,900 Population 1890 wan......
1,156 4*.
........ 1895
Valuation, etc.—
*Tax valuation, real............. 451,400 | Population 1880 was___
1,302 4*.
48,
........ 1896 Total bonds 1892...
INTEREST 1 payable at the Chenango Nat. Bank, Norwich, N. Y .
*
... 38,000............. ........ 1897 Floating debt......... .. ..
4*.
114,063
■ . . . . 33,00*3............. ........ 1898 Tax valuation 1891 ...80,361,381
I*,
4*, . . . . 22,000............. ........ 1899
Real estate being. ...72,220,634
J. Q U IC K , Mayor.
4*.
........ 1900
Personal property .. .. 8,140,846
P O R T J E R V I S . — |bk SJ. B Y A L L , Treasurer.
4*. . . .. 16,000............. ........ 1901 Total tax valuation ’89.81,977,275
Port Jervis Is In Orange County.
9,000............. ........ 1902 Population in 1890 was... 124,511
4*. ...
,
LOANSWhen Due. Ta x valuation, real...... $1,595,000 4m . . .. 13,000............. ........ 1903 Population in 1880 was...115,328
Sr.wr.R ILivim—
Tax valuation, personal
84,000
INTEREST i» payable at National State Bauk, Troy, N. Y.
4*. F A A , $50,000 . . . . Aug. I . 1911 Total valuation 1891. .. 1.079.000
4m, F A A , 35,000
Aug. 1, 1011 A k c i i u m i I about tj actual value,
Interest payable at Xntionnl Bank, elate A i-o.tax (per $1,000) $14-77
I’nrt JerviA. X. Y.
City tax (per $1,000)........... $17-60 R I C H M O N D C O . — F. C. V i t t , Clerk.
Total debt Jan. 1, 1893 ...$85,000 Population In 1890 waa........9,237
County seat is Richmond.
LOANSWhen Due. 3s. A&O, $50,000. Apr. 1.1909
3s. F A A
58,000. Aug. 1, 1910
B o n d s f o r R o a » s , A c.—
P O T ^ n A M
{ *- K. W A D L E IG H , Mayor.
R o a d B o n d s 1890-18921 ^> L J/\1 V 1 . — Jo , M. PKCK, Treasurer.
5 **«. F A A, .$55,000. A ng. 1, 1899
4*9A, A AO, 139,400 Apr. 30. 1899 ..s ..........$100,000............ ...1915
Thu village) u Id the town of muiu name til 8L Lawrence County.
(Ljh.JAJ.
99,000. July 31. 1900 ..s, FA A , 150,000............ ...1916
Htk a m K n g i n i : Boxim—
LOANS—
When Due.
28
Is. A AO, 57,000. Apr. 30. 1898 3 * , MAN, 45,000...Nov. 1, 1917
W a tr k B ojiim*—
5a. Ju ly, 5* .0 0 0 . ........1893 to 1894 3L2h, J&J, 58,000 July 31, 1901 Total debt June, 1893 $1, 054,000
2
4«, A AO. $34,000
Apr. 1. 1891
(#1.000 due yearly)
A AO, 40,000. Apr. 1. 1902 Tax valuation in 1892.. 10, 729,287
($2 ,0 0 0 diw* yearly) to April 1910 Total debt, Jan. 1. 1893.. $73,000 3 i*i. FA A, 50,000. Aug. 1, 1904 Real estate being..........10, 555,637
4a, A AO. $10,000,
1693-1913
......2,24*.000 3*u«, JAJ,
173,650
Valuation, real.
63,000. July 31, 1905 Personal property........
(#500 due yearly.)
Valuation, personal. ... 600.000
FA A, 50,000 Aug. 1, 1906 Population in 1890 was. ..51,693
D e a ix a o k Boxne—
Total
1892. 2,84*,000 3*3*. FA A, 40,000 Aug. 1, 1908 Population in 1880 was. ..38,991
4», FAA. #25.000------- Aug. 1, 1906 Population In 1890 wok
3,961
INTEREST on the water bond-* i* payable at the United State* Batik*
1 ^ ^ t t T-- r>-t — t ~ 1—.
—.
t
(R IC H A R D CURRAN, Mayor.
New York C ity; on the other* in Potadam.
H U O r i t l . o 1 r b r v ..— ) a « . W ILLIAM S,Treasurer.
Bocliester is the county seat of Monroe County.
R O U G H K E E P S I E ^ E . E l s w o r t h . Mayor.
LO AN S—
-— Interest.— . .-------------- Principal. ------------- .
Thi* city U the county neat of Dutch**** County.
NAME AND PURPOSERate. Payable.
When Due.
Outstand’a.
Bridge bowls. $5,Oo6eacli. 3 J A J
Jan. I, 1920
$100,000
- P rin cip a l.— Interect.-— .
LOANSSubject to call after Jan. 1,1900.
W h t n Due. ' OuUtand’g.
Rate. Payable.
WAME AMD PURPOSE
do
do
.. 3*o J A J
Ju ly 1, 1921
100,000
Mnyl. 1603-1013) $540 000
Water bond*.......... . ........ 7
M A
Subject to call after Ju ly 1,1901.
part each year, s ^
do
do
.. 3% J .v J
Sept. 1, 1922
100,000
59.000
FalklU Imp’t bond* . . . . . . 7
r a A ) part each rear.
Subject to call after Sept. 1,1902.
J & J
Jan. 1, 1902
335,000
83.000 j City Hall com ................... 7
Defleletjc.le*. .............. ........ 7
Slay 1. 1914
M & S
Consolid. loan ($5,000 each) 3*3 F A A
Aug. 1, 1912
100,000
188.500
Railroad bond* . . . . . . . ........ 7
M A >1
273,000 Enstside trunk sewer........ 3>a J & J | slslooo^earijb j 500,000
F»b. 1. 15*02
do
do
F & A
do
do
1892 3»g ........
20-50 years.
500,000
85.000
Ju ly 1. 1894
Sewer bond*_
_
J & J
. . .(e» 7
J & J Jan. 1, 1897
75,000
20.000 Free Academy building----- 7
Men. 1, 1896
8
do
M A
..Idi 7
J & J Jan. 1, 1905
410,000
12,000 Funding. ’75 ($1,000 each) 7
Meh. 1, 1898
do
M A 8
...(e) 6
J & J July 1, 7895
150,000
15.000 ; Local improvement........... 3
Feb. 1, 1902
A
do
4
F A
Subject to call on and after Ju ly 1,1898.
G.ooo!
Feb. 1, 1903
do
F A A
........ 4
J A J
Ju ly 1, 1928
300,000
20.000 Park bonds,*88,$5,000each 3
Aug. 1, 1903
do
F A A
........ 4
Subject to call on and after Jan. 1,1900.
20.000 j
Aug. 1, 190-1
do
F A A
........ 1
10.000 i Railroad loans—
Feb. 1, 1904
do
F A A
4
1 0 .0 0 0
Feb. 1, 1905
do
4
F A A
Oen. VaL RR.($l,OOOca). G
J & J ) J $ 4 ,0 0 0 y e a rly }
36’000
20.000
Aug. 1, 1905
da
..a .......... ...... 3Q F A A
do
do
6
J & J
Jan. 1, 1903
72,000
10,000
Feb. 1, 1906)
Refunding R E ........1893 3 h F & A
Fel). 1, 1913
750,000
20,000
Aug. 1. 1906 I
do
............... ........ 3
F A A
Subject to call after Feb. 1, 1903.
10,000
Feb. 1, 1907 (
7
J & J Jail. 1, 1896
20,000
19.000 School No. 5
Aug. 1, 1907)
Water works, i873-76....... 7
J & J Jan. 1, 1903 3,182,000
99.000
3.000
July 1. 1906
High *ebnol Imnd* ........ 3
J A j
IN T E R E S T —WEh the exception of the City Hall Commissioners’
16.000
1900
...... 5
M A 8
8.000 loan and the Rochester Nunda A Penn. RR. loan (which are payable at
1909
do
M A 8
........ 5
17.000 the office of the City Treasurer, Rochester, N. Y .), all bonds and inter
1901
M A 8
d#
........
] 7,000 est are payable at the office of the Union Trust Co. of New York.
1902
M A 8
do
........ 4
20.000
1903
do
........ 4
M A 8
T O T A L D E B T , S IN K IN G F U N D S , E T C .-T h e subjoined state
18,000
1904
do
M A 8
........ 4
20,000 ment shows Rochester’s total bonded debt, including the water debt
1905
M A 8
do
4
20,000 on the 1st of September 1892, and on each 6th of March for the last
1906
M A B
do
. ... 3
20,000
1907
do
..............
M A 8
........ 3
15.000 three years.
(1908 >
1892. Mch. 1892. Meh. 1891. Meh. 1890.
16.000
1 1 9 0 9 ;>
M A 8
A sylu m ...................... ......... 3
16,000 Bonded debt............... $6,234,000 $5,634,000 $5,489,000 $5,344,000
(1 9 1 0 )
Waterdebt................. 3,182,000
3,592,000 3,592,000 3,592,000
8,764
Other Indebtedno** .......................
Genesee Valley Railroad loan is provided for by excess of receipts
IN TER EST-W H ER E PAYABLE -Interest is payable at Pougli from lease to X. Y. L. E. & W. RB. after interest on the loan is paid.
keepflle hanks.
Arsenal site loan is provided for by $1,500 received annually from
TO TAL DEBT, SINKING FUNDS, E TC .-The subjoined statement
shows Poughkeepsie’s total municipal debt, the sinking fund held by the the County of Monroe for rent of Arsenal.
P L Y M O U T H . — L e s t e r D. S m i t h , Supervisor.
54
STATE AN ® OJTY SU T flE IV fE flT ,
Local improvement funding loan is provided for by unpaid assess,
ments on ordinances, rolls for which are in the hands o f the Treasurer
fo r collection.
ASSESSED V A L U A T IO N .—The oity’s assessed valuation and ta x
rate have at different periods been as follows, real estate being
assessed at from 60 to 80 per cent o f aotual value.
Rate o f Tax
Personal
Real
p er $1,000.
Property.
Estate.
$15-26
$6,609,303
1892.............
15-97
6,134,250
1891............. ............ 93,806,150
15-20
5,937,950
1890............. ............ 88.053,750
15-93
5,397,150
1889............. ............ 82,800,100
16*38
4,108,000
1888............. ............ 78,504,025
16-45
4,529,000
1887............. ............ 72,860,900
15-22
3,345,000
1886............. ............ 72,171,975
1,817,200
27-65
1883............. ........... 36,166,200
23-86
1,430,144
....... 34,408,725
1880.............
P O P U L A T IO N .—In 1890 population was 133,896; in 1880 it was
89,366; in 1870 it was 62,386.
rv ^ y ttr
I T . 6. WIBETAMS, Mayor.
k . S. PU TN AM , Chamberlain.
This city is in Oneida County.
LO AN S—
When Due. W ater debt (included)___ $185,000
T ax valuation 1891___ $5,892,840
E ngine H ouse48, Nov., $6,000....... Nov. 1, 1893 State, Co. & T ’n ta x (per $1,000)
$10T3
$$2,000 due yearly) to Nov. 1,1895
City tax (per $1,000)........... 10-06
W ater B onds—
4s, J&J, $25,000....... Aug. 1, 1893 Average school ta x .............. 5-07
($5,000due yearly) to Aug. 1, 1897 Population 1890 w as......... 14,991
3i2S, J&J, $ 160,000.Sept. 15, 1911 Population 1880 was..........12,194
Total debt Aug. 11, 1892.$193,000
The city owns $21,800 stock o f the Rome & Clinton Railroad, and on
Ang. 11,1892, had $22,550 in the bank for dividends thereon.
d
Jrt U M Lb .—
PAR V A L U E O F BONDS-—The engine house bonds are of the de.
nomination of $2,000 each; water bonds (refunding) due in 1911,
$1,000 each; other water bonds, $500 each.
I N T E R E S T on the engine house bonds is payable at the Central
National Bank o f R om e; on the water bonds (refunding) due in 1911
at the National Park Bank, N ew York C ity ; on other water bonds at
the F ort Stanw ixNational Bank of Rome.
S A L I N A . — C. A. Congden , Supervisor.
This town is in Onondaga County.
LO AN S'—
When J>uc. Valuation, r e a l............ $1,372,481
Valuation, personal
21,500
Syracuse N orth. KK B onds48, M&S, $158,400.Sept., ’ 93 t o ’36 T ax valuation 1892.... 1,393.981
As^essm’t about 90 p. c.real value.
($3,600 due yearly.)
Total debt 1893...............$158,400 Population 'n 1S90 was.......3,-*90
Population in 1880 was.......2,888
Interest paid in N ew York.
S A R A T O G A
C O . — S. 0. M edbeby , Treasurer.
County seat is Ballston.
LO AN S—
When Due.
4s, F&A, $17,000....... Feb. 1,1906
4s, F&A, 18,000........Feb 1,1907
County B onds (1888)—
4a, F&A, $9,000........ Feh. 1,1894 4s, F&A, 18,000........Feb. 1,1908
4b, F& A, 9,000........ Feb. 1, 1895 Total debt. Feb. ,1893. $194,000
4a, F&A, 10,000........ Feb. 1,1896 T ax valuation, real...... 19,628,249
($10,000 due y ’rly) to Feb. 1,1898 T ax valuation, person’! 1,515,275
11,000........ Feb. 1,1899 Total valuation 1892.. .21,143,524
Assessm’t is nominally full value.
12,000........ Feb. 1, 1900
12,000........ Feb. 1, 1901 State tax (per $1,000) about.$2-23
13,000........ Feb. 1,1902 County tax (per $1,000) ab’t. 6-23
14,000........ Feb. 1,1903 Population in 1890 was...... 57,663
15,000........ Feb. 1,1904 Population in 1880 w as...... 55,156
16,000....... Feb. 1,1905
The foregoing bonds are coupon bonds for $1,000 each.
I N T E R E S T is payable at the County Treasurer’ s office, Ballston Spa
4b, F&A.
4b, F&A,
4b, F&A,
4s, F&A,
4b, F&A,
4s, F&A,
‘
‘
48, F&A,
Vol. LV1«
* ----------Principal.- ---------8
v
,— Interest.—— /
P. Ot. Payable.
When Due. Outstand'g
Nov. 1, 1902
M & N
W ater.................. ....1885 4
$5,000
Nov. 1, 1903
M & N
5,000
do .................. ....1885 4
; Nov. 1, ’08 to ’ 15 )
M & N<1 $ 10,000 yearly. 5
80,000
do .................. ....1885 4
Nov. 1, 1902
3,000
M& N
do .................. ....1886 3
Nov. 1, 1903
M& N
4,000
do ................... ....1886 3
F & A
Feb. 1, 1907
13,000
....1889 3
Feb. 1, 1908
F & A
15,000
....1889 3
Feb. 1, 1909
F & A
15,000
do ................... ....1889 3
F & A
Aug. 1, 1910
___189<» 3
13,000
M & F
T
Nov. 1, 1916
10,000
do ................... ....1886 3
PAR V A L U E O F BONDS.—These bonds are all in $1,000 pieces.
IN T E R E S T —W H E R E P A Y A B L E .—Interest is payable in Scheuec
tady at the office of the City Treasurer.
T O T A L D E B T, S IN K IN G FU ND S, ETC.—The total bonded dehtof
Schnectady on October 13 1892 was $378,000. The subjoined statement
shows Schenectady’s total municipal debt, the sinking fund held by the
city against the same, and the water debt, on the first of March 1892,
1891 and 1890:
1892.
1891.
1890.
$413,010
$371,379
Total debt (including w ater debt)___$439,790
60,882
97,558
Sinking funds and casb....................................
1OANR—
NAME AND PURPOSE.
$352,128
$273,821
N et debt on March 1................... $ ............
$163,000
$150,000
Water debt (included in net d eb t)..$163,000
.
.
The total debt as given above for March 1 1892 included street im
p rovem ent notes to the amount of $61,792 17, bearing 4 and 4*e per
cent interest. The floating debt at the present date is not reported.
ASSESSED V A L U A T IO N .—The city’ s assessed valuation (from is
to 23 actual value) and tax rate have been as fo llo w s :
Total
Date o f
Deal
Personal
Assessed
Tax per
Tears.
Estate.
Properly.
Valuation.
$1,900.
$16-80
1891
$8,493,100$521,294 $9,014,394
1890 ........................ 7,636,700
17-30
567,970
8,204,670
1880.......................... 2,933,400
460,010
3,393,410
P O P U L A T IO N .—In 1890 population was 19,857; in 1880 it waB
13,655; in 1870 it was 11,026.
SENEC A
F A L L S . — W . A. S. L
ath a m
,
Superv.
This town is in Seneca County.
When Due.
LO AN S-
Sinking fund receives .
*<11,132
T ax valuation 1890.... 4,257,742
R efunding B onds :
5s, J&J, $100,000....July 1, 1893 State Co. and town tax
(per $1,000)...............
$13-489
5s, J&J, 118,500....July 1, 1903
6,961
5s, J&J, 120,000... .July 1, 1913 Population in 1890 was.
do
in 1880 was.
6,853
Total debt Nov., 1890.. $309,500
Interest is payable by the Metropolitan Trust Co., N ew York City.
(W . C LIN TO N MEAD, Mayor.
S I N G . - ( GEORGE S. JENKINS, Treasurer.
This village is in Westchester County. Additional water bonds have
been authorized by the Legislature.
LOANS—
When Due. 4s, A&O, $100,000......Oct. 1, 1918
4s, A&O,
30,000......Oct. 1, 1919
W ater B onds—
4s, A&O, $20,000........Oct. 1, 1898 Total debt 1893............... $180,000
($2,000 due yearly) to Oct. 1, 1907 lo t. pay. at 1st Nat. Bk. Sing Sing.
4s, A&O, $30,000....... Oct. 1, 1908 Population in 1890 was...... 9,352
($3,0u0 due yearly) to Oct. 1,1917 Population in 1880 w as...... 6,578
S IN G
S M Y R N A . — Geo. P. P u d n ey , Supervisor.
This town is in Chenango County,
LO AN S—
When Due. T ax valuation 1890........ $687,160
R efun • ing B ondsTotal tax rate per $1,000. $19-24
48, ....,$ 81 ,9 0 0 ............................. Population in 1890 was..
1,396
1,651
Total debt 1892.............. $81,900 Population in 1880 was..
SODUS
.— This town is in Wayne County.
LO AN S—
When Due. Total debt Jan. 1,1893...$176,600
Sinking fund assets........
55,000
So' -us P oint & So. RR.
7s, M&S, $74,600 Mar. 1...... 1900 T ax valuation, re a l....... 2,246,724
Tow n and village situated in Saratoga County.
L ake Ontario Shore RR.
T ax valuation, personal. 255,125
LOANS—
/ Interest.— ,-------------- P rin cip a l. ------------* 5s, M&S, $102,000................ 1902 Total valuation 1891___ 2,501,849
—
$11*40
($10,000 due yearly) to 1912 Total tax (per $1,000)...
NAME AND PURPOSE.
Rate. Payable. When Due. OutstancVg.
5,157
Interest is payable in N. Y. City. Population in 1890 was.
Tow n bonds............................ 5
F &. A Feb. 1, ’93-1901 $97,500
P a rt due eacb year from 1893 to 19 1 inclusive
do
............................ 4
F & A Feb. l,1902-’04
31,000 S Y R A C U S E . — H. F. Ste v en s , City Clerk.
Part due eacli year from 19"2 to 1904 inclusive
------ .
----------’ •
$75,000.
'(85,000 due yearly.)
lllage hall bonds...... ...1892 4
Syracuse is situated in Onondaga County.
5.000
M & s ------ 1910
lllage water loan...... .......... 6
LO AN S—
< Interest.— - ,----------P rin cip a l.---------v
—
.
M & S
34.000 NAME AND PURPOSE.
1895-1904
do
...... .......... 5
do
Rate. Payable. When Due. Outstand'g.
35.000
M & S
1901-1917
do
do
...... .......... 5
M & s
15.000 Railroad aid bonds—
1894-1898
do
do
...... .......... 4
Syracuse & Chenango R R ___ 7 J & J
Jan. 1, 1900 $500,000
M & s
145,000
do
1894-1917
do
...... .......... 4
Syracuse Northern R R ......... 7 J & J
Jan. 1, 1900
500,000
5.000
do
do
...... .......... 3% M & s ------ 1896
Collegiate bonds..................... 7 J & D Dec. 1, 1896
100,000
M & s ------ 1892
5.000
do sower loan...... .......... 7
37,500
M & s
1905-1911
35.000 Refunding bonds...........1878 5*2 F & A Feb. 1, 1894
do
do
...... .......... 5
City H all bonds............... 1889 3
F & A
Aug. 1, 1909
300,000
------ 1892
10.000
F & A
do floating debt... .......... 7
W ater loan....................... 1892 3
J & J
July 1, 1920
500,000
T O T A L D E B T , ETC.—The total debt of town and village on Febru*
do
....................... 1890 3
J & J
July, 1920
500.000
ary 1 , 1891, was $417,500 ; w ater debt (included in total), $239,000.
do
....................... 1891 3
J & J
July, 1920
500,000
do
....................... 1892 3*2 A & O
...
500,000
AS S E S S E D V A L U A T IO N —In 1890 the assessed valuation o f real
do
...................... 1893 3*2 M & S
Mar. 1,1920
500,000
©state and personal property was $4,100,000.
PAR V A L U E O F B O N D S —The bonds are in $1,000 and $500 pieces.
P O P U L A T IO N —The population o f Saratoga Springs Village in 1890
I N T E R E S T - W H E R E P A Y A B L E .-ln te re s t and principal o f the
was 11,975; in 1880 it was 8,421; in 1870 it was 7,516. Population of
City H all 3s is payable at the Onondaga County Savings Bank in Syra
town and village in 1890 was 13,171; in 1880 it was 10,820.
cuse, of the w ater loan at the office of the Metropolitan Trust Company
in N ew York, and o f other bonds at the office of the Union Trust Com
5 E V E R E TT SMITH, Mayor.
SC H E N E C TAD Y.
} H. W. B E NNING TO N, Treasurer. pany in N ew York.
Soheneotady is situated in the county o f the same name.
T O T A L D E B T , Et c .—T he total funded debt on January 1,1892,
was $1,937,500; w ater debt (included in total), $500,000, and in July,
LO A N S —
------ Interest,.
Rate. Payable.
When Due.
Outstand’g. 1891, an additional $500,000 water bonds was issued. In 1890 the
NAME AND PURPOSE.
Bohool...................... .1889 3.
Y & A Feb. 11,1910-15) $30,000 total debt was $1,438,500; in 1880 it was $1,351,500. The city has no
$5,000 yearly. $
eb.l, 1916to’ 1
do .......................... .1890 3
F & A F$5,00o yearly, 9 )
20,000 sinking fund.
s
AS S E S S E D V A L U A T IO N . —In 1891 the assessed valuation o f real
B ew er...................... 1884 4
A & 0
Oct. 1, 1904
5,000
estate was $41,668,278; of personal property, $3,378,389; total,.
Oct. 1,1905-1907 )
do ...................... .1884 4
A &
30,000 $45,046,667; State and county ta x rate (per $1,000), $4-19; city tax
O ' $10,000 yearly. >
do ...................... .1891 4
A & o
10,000 proper, $16*60; total, $20-79. In 1890 total assessed valuation was
Oct. 1, 1920
do ...................... .1892 4
A & o
Oct. 1, 1921
10.000
do ...................... .1886 3
A & o
Oct. 1, 1901
10,000 $43,171,435; total tax rate (per $1,000), including State and county*
do ...................... .1887 3
F & A
Aug. 1, 1904
5,000 $21-37. Real estate is assessed at “ about 75 per cent of its aotual
do ...................... .1889 3
A & o
Oct. 1, 1908
5,000 value.” In 1880 total assessed valuation was $28,324,643.
do ...................... .1890 3
F & A
Aug. 1, 1911
10, Oi 0
P O P U L A T IO N .—The population in 1890 was 88,143; in 1880 it waa
Jan., ’93 to 1900}
B. & B. B E ................
7
J &
80,000 51.792: iii 1870 it was 43,051.
$10,000 yearly. 5
S A R A T O G A
Village Clerk.
S P R I N G S — M. S. O umhotg ,
April, 1893.
NEW YOBK-O1TIE0 AND
55
T A R R Y T O W N . — D. 0. A rcheb, President.
IN T E R E S T — W H E R B 'P A Y A B L E .— Interest is paid at office of CityChamberlain.
This village is n the town of Green burg in Westchester County.
T O T A L D E B T , S IN K IN G F U N D , E t c .— T he subjoined statement
When Due. Total debt (last returns)..$171,000
LO ANSSe w e r B onds —
Inelud’g temporary loan of 14,000 shows Troy’s tota municipal debt, the sinking fund held by the city
Tax valuation 1 8 9 0
4s. |
1893 to 1914 Real estate.....................-$3,382,519 against the same, and the water debt, on the first day of January 1893
($3,000 due yearly).
Personal property........
270,650 and on the first of March in 1892 and 1891.
Jan. 1, 1893. Mar. 1 ,1892. Mar. 3,1891.
Total............................... 3,653,169
W a t e r B o n us —
$980,718
$896,479
4s, JA D . $79,000.....................1893 Population in 1890 about_ 4,500 Total funded debt...................... $1,005,700
_
Sinking funds, cash, etc........
67,463
57,618
54,443
($3,000 due yearly) to 1918 Population in 1880 was........3,025
4a, JAI>, $05,000___ June 1,1919
$923,100
$841,036
Net municipal debt.................... $938,237
Principal and Interest of sewer bonds is payable at tbe Tarrytown Water debt additional................
351,000
368,500
378,500
national Bank.
Sinking funds, etc...................
38,713
46,362
39,119
T H O M P S O N . — 0 . M. B e e b e , Supervisor.
This town is la Sullivan County.
LOANS—
W A«» Due.
B a il r o a d B onds —
S*............... $72.000..........................
4HiS............163,00*1..........................
Total debt Jan. 1,1893.. .$235,000
Ta x valuation 1891..........$678,083
Equalized valuation........ 728,915
Total tax (per $1,000). . . . $32-78
Population in 1890 was.........7,145
Population in 1880 was.........3,514
T I C O N D E R O G A . — This village Is In Essex County.
IVAen Due. | Assessed valuation ’92.$1,360,281
Village population 1890....... 2,267
Town population 1890......... 3,980
LOANSW a t k r Bo n d s —
U 4 », $75,000...................-97 to ’22
T O N A W A N D A . — L ewis G reen , Treas.
This village
is in Erie
County.
When Due.
Total debt June 4,1892..$276,000
Tax valuation 1891.......$3,500,000
Aaseaaiuent Is % actual value.
W a t e r Bonds—
Village tax (per $1,000).......$10-70
44s, JAJ, $150,000...Jan. 1, 1912 Population 1890 was............. 7,145
Pojmlatlnn 1880 was............. 3,864
St r e e t B o st* —
6 a, JAJ. $ 112,000 July •!).') to ’98 Local census 1891.................. 7,631
LOANSSe w e r B o nd *—
4s, J&J, $126.000....... Jan., 1912
($23,000 due yearly.)
I N T E R E S T Is payable at the Seaboard Bank, New York City.
T
n n v
5 D EN N IS J. W IIE L A N , Mayor.
Net water debt........................... $312,287
$322,138
$339,381
W A T E R W O R K S B O N D S.— The water works bonds were issued
under the authority of the laws of the State of New York and pursuant
to resolutions of the Common Council at various times. With reference
to the issue of May 1, 1879, the Water Commissioners agree to pay
annually to the sinking fund therefor $4,000 out of water rents and in
addition to pay the interest, on the bonds. For the issue of August 1,
1879, they agree to pay yearly $7,000 to meet the prineipal and interest,
and in like manner for the issue April 1,1880, $7,000 yearly to pay
principal and interest. A sinking fund was thus created for these three
classes of bonds.
“ The bonds of later dates were also issued upon the understanding
that the Water Commissioners should pay annually out of the taxable
water rents of the department a sum sufficient in the aggregate to
pay the interest of the bonds, and also the principal thereof, in such
amounts, and at such dates, as the principal and interest should become
due and payable. The sums thus provided for are annually set aside
by the Water Commissioners and also upon the books of the Comp'
troller and Chamberlain, for the purpose of meeting the principal and
interest of all these bonds as they respectively become due.”— [C i t y
COMPTROLLER.]
ASSESSED V A L U A T IO N .— The city’s assessed valuation and tax
rate have been as follows, property being assessed at about full valve
since 1885:
Real
1 rT t-J I .— j J. F. BRID O M AN. chamberlain.
Trey ta situated in Rensselaer County, and is responsible for about
one- half the county debt, which in 1892 amounted to $487,000.
LOANS—
• Interest.— ■ .
—
> ------------ P rin cip a l ------------ NAME AND PURPOSE.
Rate. Payable.
When Due.
OuMand'g
Bonds (funding) ...1868 o 0
do
do
e 6
do
(funding). 1869 0 7
do
do
do
© 7
(renew .).1878 c* 6
do
Maturing
do
do
1864 0 4
do
do
© 4
Maturing $20/
4o
do
1887 r 3 4
do
do
r 3**
«lo
do
r 34
60
do
r 34
do
do
r 34
do
do
1887 r 3 4
C ity hall bond*
1*76© 6
Maturing
Personal
Total Assessed Rate o f Tax
Years.
Estate.
Pi'operty.
Valuation, per $1,000.
1*92...........
*42,142.062
$5,093,‘>65
$47,236,327
$19*55
1891.......
1
8
5,192,485
47,253,183
19*80
1800..................... 41,850,296
5,198,000
47,048,290
18*45
lss‘)
.. 42,690,10*2
5,491,320
48,181,422
19*11
IMS*................... 42.454,445
5,598,427
48,052,872
17 20
The tax rate in 1892 includes State and county tax $0*05 and city
M A 8 ) ^cV.O tW yeariy0 1 <-$$0,000
M A S
Sept, i f 1897
elO.OOO tax proper $13*50; total $19*55 per $1,000. The city tax in 1889
, t . ( July l.-9 3 to l8 9 6 ) ySO.OOO raised $577,967, against $528,321 in 1888, the water rents additional
J
J I $20,000 yearly. $
ylO.OOO being $63,064, against $71,134 in 1888.
J A Jt
July 1. I UtiT
1*97
P O P U L A T IO N .— Iu 1890 population was 60,956; in 1880 it was
no,000
J A J J ill v 15/93 to'94
2,000 or $3,ooo each year.
56.747; in 1870 it was 46,421. According to local authority the popu
blO.OOO lation in 1891 was 65,000.
J A D
June 2, 1897
blOO.OOO
J A D
J o©2/98 to’ l 904
5.000
A
Aug. 12, 1897
15.000
A
Aug. 12,1898
20.000
A
Aug. 12, 1899
4.000
A
Aug. 12, 1900
. < Aug. 12, 1905 ’0 7)
30.000
A / $ 10,000 yearly. $
a 10,000
J
July 11. 1907
25.000
J Ju ly 1, *93-1901
$2,000 or $3,000 each year.
„ j 8etrL20,-98-1909 ,
00o
M A
4
$to.oooyearly. < h l.o .o w
bl5,000
M A 8 Sept. 20, 1910
Nov. 20, 1911
d 11,500
M A N
Oct, 19, 1897
4,000
A A O
O Oct. 19. 1899
20,000
^ j O c t . 19.190O--02)
18 OOO
3
° i $6,000 yearly. $
1S-000
Feb. 1, 1911
2,605
F A A
3
June 1. 1910
6,(KK>
3
J A I>
June 1, 1911
6,000
J A I>
3
Dec. I, 1910
15,000
34 J A D
Dee. 1, 1911
20,000
34 J A D
Dec. 1, 1912
30,000
34 J A D
( Tier. 15, 1905—*11 ) — OOO
3 4 J A I) j $10,000 yearly. )
<o,uuu
Dee. 15,1912
5,000
34 J A D
M A 8
Sept. 1. 1900
10.OoO
3
Sept. 1, 1901
10,000
M A 8
3
Sept. 1, 19‘*
2
2",OOO
M A 8
3
Sept. 1, 1903
2 0 ,0 0 0
M A 8
3
June 15.1905
10,000
J A D
3
June 15,1906
10,000
3
J A I)
Sept. 1, 1904
16,u00
MA 8
3
t Dec. 1.1905-• 8 1
.
J it D ($ lu . 0 oo yearly}
3
4 .0 0 0
June 15,1908
10,000
J A D
3
Dec. 1, 1909
8,000
J A D
3
F
F
F
F
F
A
A
A
A
A
Public building,
.1884 r
r
do
1886 r
do
do
do
do
18*9 r
r
do
•do
do
r
do
do
do
1891.
do
do
1891.
do
do
1891.
Public Improvement, M ill.
do
do
1891
do
1891.
do
do
do
1892.
1892.
do
do
do
1891
do
do
do
do
4o
do
do
do
1*91
do
do
do
1891
do
do
do
•do
do
do
1891
do
do
13,862
F A A Aug. 15,’ 93 A '94
rrojr poll©© fore© bonds.. .r 4
W.TKR Wo r k * Bo n d s :—
aGO.OOO
M A X May 1,’92tol902
fiMur o f Mar 1. 1879 ...... e* 5
each even year.
Maturing $2,000 d37..->00
do
Aog. 1. 1879 c* •I* F A A Aug. 1. '92-1904
third year from 1892 to 1904.
Maturing $7,500 every 1
40,000
do
«• 4 4 F A A Aug. 1,1907-’ 19
do
Maturing $*,000 every third year from 1907 to 1919.
t A p r .l. 1891 to'99 / ,
non
do
April 1, 1880.©* 3 4 A A O J $5,000 yearly, j
°
’ ’
blO.OOO
© 34 A A O Apr. 1, 1900
*
do
do
Apr. 1, 1901
bio, 000
© 34 A A O
*
do
do
Aug. 1-91 to 11)00 ) 1,50,000
do
Angust 1, 1881 .©* 3 4 F A A
$5,000 yearly. )
M b) - 11910 to 191 bso.OOO
May, 1883.©.* 3 4 M A N i $5 ,0 0 0 yearly. )
”
D
June 1, 1903
c5, 000
June 1,1884.r
e5,000
June 1, 1904
do
r
< 40,000
■
June 1 ,190.V09
do
Maturing *10,000 yearly, omitting 190,.
gsane ofNovem. 2, 1883 r 34 M A N
Nov. 1, 1911
a 5,000
do
do
r 3>s M A N
Nov. 1, 1912
a7,500
do
do
T 3>» M A N
Nov. 1. 1914
a7,500
do
do
r 34 M A N
Nov. 1, 1915
a 1,000
1017
do
do
r 34M A N
Nov. 1,
do
do
do
do
i Bonds for $1 000 each, b Bonds for $.',.000 ench.
1,000 each, d Bonds for $500, etc. y Bonds for$l,000 and $10,000.
T R U X T O N . — P. D. M ullek , Supervisor.
Tills town is in Cortland County.
LQ A N S —
When Due.
N. Y. A Os. Mid . RR. B onds—
4h, J A J,$ 1 12,200— July 15, 1912
T own Bonds—
4s, JA J. $14,000...... July 15, 1893
($2,OOOdue yearly)to July 15,1899
Bonded debt Jan. 1,1893.$126,200
U LSTE R
Tax valuation, real, 1892.$357,210
Tax valuation, personal.. 23,100
Total valuation 189*2...... 380,310
Assessment about
actual value.
Total tax (per $1,000)......... $24 91
Population 1890 w; s............. 1,328
Population 1880 was............. 1,550
C O U N T Y .-
County seat is Kingston.
LO A N S —
When Due.
County Bonds78. etc., $8 (3,000............................
R efunding Bonds, 1892—
4 s ,........, $140,000.............. 1904
4s, . . . . $50,000
.........................
Tax valuation 1892...$25,549,620
Tax rate (per $1.000).......... $18 60
Population in 1890 w as------87,062
Population in 1880 w a s----- 85,838
U T I C A . — A lexander T. Goodwin , Mayor.
Utica is in Oneida County.
LO AN S— Interest.
NAME AND PURPOSE.
R a t e P a y a b le .
-Prin cipa l.
Outstand'g
When Due.
$4,898
Oct. 1, 1893
Paving bonds...................... 5
Oct. 1
6,455
Nov. 24,1893
do
...................... 5
Nov. 24
555
Dec. 8, 1893
do
...................... 5
Dec. 8
17,600
Nov. 1, 1893-’95
Temporary loan bonds...... 5
Nov. 1
200,000
July 1, 1901
Railroad aid bonds............ 7
----IN T E R E S T — W H E R E P A Y A B L E .—Interest is payalile in Utica at
the City National Bank.
“T q -TA l D E B T E t c .— T he city’s total funded debt at the date of
our last return was $259,000; floating debt, $35,725.
D E B T L IM IT A T IO N .—The city is restricted by law to the issuance
o f temporary loan bonds iu anticipation o f city tax.
ASSESSED V A L U A T IO N .— The city’s assessed valuation (about 70
per cent of cash value) and tax rate have been as follows:
Real
P e rs o n a l
T o t a l A ss es sed
R a te o f T a x
V s n rs
E s ta te
P ror~ ~ < i/ .
V a l u a t io n ,
p e r $1,000.
m«»l ............... $16,455,000
$2,115,806
$18,900,814
$19*01
i h <q
)
16,461,052 2,330,606
J8,791,6;>S
27*23
i 8 8 o : ::: :: :: :: :: ISioosTeo
2 ,4 7 6 ,8 0 0
1 9 ,4 7 5 ,5 0 0
......
P O P U L A T IO N .— In 1890 population was 44,001; iu 1880 it was
33,914; in 1870 it was 28,804.
W A L T O N . — J oseph I I a r b y , Supervisor.
This town is in Delaware County.
1CANS—
When Due.
Valuation,<hc—
RK. Am Bonds (reg.)—
Total debt 189'-,............$138,00
4s, FA A, $108,000 . . . Fob. 1, 1896 Tax valuation
....i.iO ^ O K j
($6,000 due yearly) to Feb. 1, 1918 Total tax (pei .J&000). - 4 ^ ..
3'os FA A, *30,000... -Felt. 1. 1909 Population in 1890 a as........ 4,543
n
($3,000 due yearly) to Feb. 1, 1913 Population in1880 AVjis........ 3,o4The four per cents are payable to the Union Dime Savings Bank, N< w
York City.
ST/ITE ftflt CITY SUfftEMEflT.
W A R S A W . — The town of Warsaw, containing the village
of the same name, is situated in the county of Wyoming.
LO ANSWhen Due . Tax valuation, real.......$1,569,325
R ailroad A id L oanTa x v aluation,personal.
265,435
48, J& J, $100,000.......July 1, 1902 Total valuation in 1892 1,834,760
Total debt Mar. 1, 1892. $100,000 Assessment about 5 actual value.
Sinking fund..................
10,000 Total tax (per $1,000)..
$8-34
Net debt March 1,1892.
90,0u0 Population in 1890 was........ 4,468
T A X F R E E -— These bonds are exempt by statute from any taxation.
I N T E R E S T is payable at the otlice of the Union Trust Company,
New York.
W A T E R T O W N . - W. F. P orter, Mayor
This city is in Jefferson County.
LO AN S—
When Due. Ta x valuation, real...... $5,247,964
Tax valuation, personal 1,008,530
W ater Bonds—
7s, MAS, $50,000............... ............ Total valuation 1890... 6,316,494
5s, MAS, 45,000............... ............. State, county and town tax (per
$1,000), $5-80 or $7*60 according
4s, MAS, 85,000............... ............
to the ward.
3*28, MAS,15,000.............. ............
3s, MAS, 40,000............... ............ Population in 1890 was___14,725
Total debt (last return). $325,000 Population in 1880 was. A . 10,697
The entire debt of this city matures, part yearly, from 1892 to 1912.
I N T E R E S T is payable by the American Exchange National Bank,
New York City.
W A W A R S I N G . — Wawarsing is a township of Ulster
County in which the village of EllenviUe is situated.
LO AN S—
When Due. Town debt (last returns) .$202,500
To wn Debt.
Village debt (last returns) 51,000
Railroad A id L oan—
Tax valuation, real.......... 700,825
3 12 s, F A A . $202,500.$8,000 yearly Tax valuation, personal..
73,475
Village Debt.
Total valuation 1892........ 774,30 >
W ater L oan—
Total valuation 1890....... 779,879
3 12 S.MAN, $16,000...Nov. 1, 1907 Assessments about ^ actual value.
Subject to call after Nov. 1,1892 Total tax (per $1,000)___ $45*29
I N T E R E S T on the town bonds is payable at the Home Bank of
EllenviUe.
P O P U L A T IO N — The population in 1890 of town and viUage was
7,758; in 1880 it was 8,547; in 1870 it was 8,151. The population of
the viUage in 1890 was 2,881; in 1880 it was 2,750.
W E S T C H E S T E R . — M ich ael R anc h , S u p T .
Westohestfer Tow n is in the county of the same name, and eontains
the Tillages of Westchester and Williamsbridge.
L ocal I mprovement B onds—
LOANS—
When Due,
B ridge B onds—
3 14 s, M&N, $90,000..M ay 1,1899
4s, Ju ly, $5,334........Ju ly 18,1893 ($5,000 due yearly)to May 1, 1916
($1,000 due yearly)to Ju ly 18,1897 3%s, M&N,. $155,000.May 1,1917
Refunding B onds($5,000 due yearlyjto May 1, 1947
68, F& A, $5,000.......... Feb. 1, 1897
W ar B ounty5s, F& A, 20,000.......... Feb. 1,1893 78, F& A, $12,000.......Aug. 1,1893
($5,000 due yearly)toFeb. 1,1896 ($2,000 due yearlyjto Aug. 1, 1898
4s, F& A, $5,000.......... Feb. 1,1898 Bonded debt Jan. 1, ’92. $300,334
School Bonds.—
Tax valuation 1890........ 2,866,955
4s, $8,000 .................. 1895 to 1902 Population in 1890 was........ 7,500
(Part due yearly.)
I N T E R E S T on local improvement 3Hs is payable by Coffin & Stan
ton, New York City; on bridge bonds at Third Avenue Savings Bank; on
all other issues at Murray H ill Bank.
T A X R A T E .— State, county and town tax (per $1,000) inside of the
Tillage of Williamsbridge, $17-62; State, county and town tax (per
$1,000) outside of the Village of Williamsbridge, $20-34; school tax
(per $1,000) district No. 1, $12-00; No. 2, $17-59; No. 3, $4-00; No. 4,
$4*11.
C O . — J ohn H oag , Treas.
County seat is White Plains.
LOANS—
When Due. Bonded debt Mar. 1,1892. $99,194
On account of County B ills— Floating debt................
78,500
3Dis, June, $25,000..June 1,1893 Total debt Mar. 1,1892.
177,694
General P urposes—
Tax valuation, real.......72,459,908
Sics, J&J, $17,000... June 1,1898 Tax valuation,personal. 3,278,696
3'49s, J&D, 20,000. . .June 1, 1897 Total valuation 1891.. .75,738,604
3s, J&D, 17,000... June 1, 1893 Assessment about 48^ actual value.
3s, J&D, 15,000... June 1, 1896 State and county tax
2-075S,J& D, 20,000. .. June 1,1895
(per $1,000) 1890.......
$7-614
2-906, J&D, 10,194. . .June 1, 1894 Population In 1890 was.. .146,772
Population in 1880 w as.. .108,988
IN T E R E S T is payable by County Treasurer at White Plains.
W E STC H E S TE R
T R O Y . —J ohn
West Troy is in Albany County.
W E S T
Ca h il l , City Clerk.
Interest.— v
Bate Payable.
a Pavement bonds......... .1889 4
A & O
a
do
;
do .......... 1889 4
A & O
a
do
do ........ ..1889 4
A & O
a
do
do ......... .1891 4
a
do
do ......... .1891 4
a
do
do ........ ..1891 4
.1891
LO ANS-
NAME AND PURPOSE.
a $1,000 eacli.
IN T E R E S T - W H E R E
----------P rin cip a l.---------When Due. Outstand’g.
Oct. 1, 1900
$2,000
Oct. 1, 1902
10,000
Oct. 1, 1904
6,000
1910
)
1911
}
50,000
1912
)
182,000
P A Y A B L E .-In te re s t
is payable at City
Chamberlain’s office, West Troy, N. Y .
T O T A L D E B T , E t c .— T he total funded debt at the date of our latest
returns was $200,000.
P O P U L A T IO N .— The population in 1890 was 12,967; in 1880 it was
8,820.
W H E A T F I E L D . — H. IT. Berger, Treasurer.
This town is in Niagara County.
LOANS—
When Due. |Tax valuation in 1892. .$4,139,871
Sewer B onds—
|State, co. and town tax
4128, J& J, $101,000... Jan. 1,1900 1 per $1,000................
12-60
Total debt Feb., 1893... $101,000 |Population in 1890 was
8,808
INTEREST is payable at Chase National Bank, New York City.
[Vol. LVI,
W H E A T L A N D . — T homas
Commissiouer.
B rown ,
Railroad
This town is in Monroe County.
$52,000
LO AN S—
When Due. Total debt (last returns)
R ochester & State L ine BR. Tax valuation 1892....... 1,569,755
Ta xp e r $1,000...............
R efunding B onds—
$8*612
4s, F A A , $24,000....... Feb. 1, 1893 Population in 1890 was. .......2,400
($2,000 due yearly) to Feb. 1,1904 Population in 1880 was. .......2,599
4s, F& A, $24,000....... Feb. 1, 1905
($3,000 due yearly) to Feb. 1, 1912
IN T E R E S T is payable at Union Trust Co., New York City.
W H I T E H A L L . — E d w in C. P ratt , Treasurer.
This village is in the town of Whitehall and in Washington County.
LOANS—
When Due. Tax valuation, personal.$128,375
W ater B onds :
Total valuation 1891....... 737.512
4s, semi an. $25,000—
1894 Assessment about
actual value.
4s,
do
25,000....
1904 Village tax (per $1,000).. $14*00
4s.
do
29,000....
1914 Average school tax..........
$8*00
Total debt Mar. 1, 1892.. $79,000 Population in 1890 was........ 4,434
Tax valuation, real.......... 609,137 Population in 1880 was........ 4,270
Y A T E S . —A. B. M il l s ,
This town is in Orleans County.
LOANS—
When Due.
R ailroad A id B onds—
5s, Apr. 1, $84,000. ..April 1,1894
($4,000 due yearly') to A pril 1,1914
Subject to call after 20 years.
Supervisor.
Total debt. May 1. 1893.
$84,000
Tax valuation in 1891.. 1,044.170
Total tax (per $1,000)..
$13-95
Population in 1890 was. .......1,969
Population in 1880 was. ...... 2,020
V Y lM irirD C
5 J. H. W E L L E R , Mayor.
I LJ1N P V t L l r l t J . — i k . p. G E T T Y , City Treasurer.
Yonkers is in Westchester County.
LOANS—
When Due.
LO AN S—
When Due.
P ublic B uilding and D ock48, A&O, $15,000....... Apr. 1,1893
($5,000 due yearly) to Apr. 1,1895
R edemption B onds—
4s, F& A, $17,000 ...... Feb. 1, 1894
4s, F& A, 25,000...... Feb. 1,1895
3s, F& A, 20,000...... Feb. 1,1893
School B uilding —
4s&3 kjs, A&O, $102,500.Apr. 1,’93
(part due Yearly) to Apr. 1,1913
..s.......... $30,000........ ..................
Tax R elief—
4s, Feb. 28, $50,000 .Feb. 28,1893
W ater B onds—
7s&3his, A&O,$885,OOOApr.l,1903
(part due yearly) to Apr. 1,1918
4s, A&O, $50,000.Apr„ 1914 to ’17
PAR V A L U E O F B O N D S .— The bonds are mostly for $1,000 eaoh,
as indicated above.
I N T E R E S T — W H E R E P A Y A B L E .-In te re s t is paid at City Treas
ury.
A ssessment B onds48, F& A, $55,000.......Feb. 1,1894
4s&3s, F& A. $70,000..Feb. 1, 1893
3129, F&A, $10,000 ...Feb. 1, 1893
3kfl, F&A, 21,000 ...Feb, 1,1894
B ridge B onds—
4s&3s, A&O, $5,500....Apr. 1, ’93-4
Consolidation B onds—
7s, A&O, $240,000....Apr. 1,1893
($30,000 due y’riy) to Apr. 1,1900
7s, A&O, $70,000 . ..Apr. 1, 1901-2
Fire D epartment—
4s, A&O, $20,000.......Apr. 1, 1896
($5,000 due yearly) to Apr. 1,1899
4s, A&O, $2,500..........Apr. 7,1900
T O T A L D E B T , S IN K IN G F U N D S , E T C .-T h e subjoined statement
shows Yonkers’s total debt, and the sinking fund held by the city
against the same, on the first day of June -1892 and on the first of
March 1891 and 1890.
1892.
1891.
1890.
Total funded debt.............................$1,608,500 $1,589,643 $1,292,500
Sinking funds for water bonds.......
110,000
80,548
63,000
Net debt........................................$1,498,500 $1,509,095 $1,229,500
Water debt (includ. in above total). $885,000
$850,000 $830,000
The sinking fund receives yearly an amount equal to 2 per cent of
the outstanding bonds.
C I T Y P R O P E R T Y .— The city owns its water works, which prior t*
January 1 1891 had cost it $904,173. The water rente for year
1889-90 were $80,340, including $12,360 charged the city itself; ex
penses, $26,132; applied to interest on water debt, $53,125; balance
carried to sinking fund, $2,639.
D E B T L IM IT A T IO N .— The city’s debt is limited by law to 2 per
oent of the assessed valuation of real estate.
AS S E S S E D V A L U A T IO N .— The city’s assessed valuation and tax
rate have been as follows:
Tears—
Beal Estate.
Personal,
Property.
Average
Total Assessed Bate o f Tax
Valuation, per $1,000.
1891.....................$24,127,133
$605,420
$24,732,553 ................
1890...................... 22,574,226
398,240
22,972,466 $17-3902
1880...................... 10,024,677
430,295
10,454,972
............
P O P U L A T IO N .— In 1890 the population was 32,033; in 1880 it was
18,892; in 1870 it was 18,357.
E X P L A N A T O R Y O F B O N D S .— The redemption bonds were issued
for purchase of lands hid in by the oity at sales of property for non
payment of taxes and assessments, and the bonds are to be paid by the
sale of the lands thus acquired.
April, 1893.
NEW j£|5S£Y-ti£BT Of STATE.
57
Section V II., paragraph 11, wliich forbids the Legislature passing any
State of New Jersey.
ITS
DEBT, RESOURCES, E tc.
Admitted as a State
One of Original Thirteen
Total area of State (square miles) 7,815
State Capital
Trenton
Governor (term exp. Mon. bef. 3d Tuesd. Jan. *96) G. T. Werts
Secretary of State (term expires Apr. 1, ’97) - Henry C. Kelsey
Treasurer (term expires March 7, 1 1 ) 8M
- George R. Gray
Comptroller (term expires Mar. 16, ’94) Wm. C. Heppenhr imer
Legislature meets annually the second Tuesday of January,
and there is no limit to the length of the session.
H IS T O R Y O F D E B T. — New Jersey ha* always been a conservative
State; there are consequently no fact.-* out of which to construct a his
tory of debt iaaue*. 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
forbid the creating of a State debt exceeding one hundred thousand dol
lars except for purposes of war, dee., as will more fully appear in the
Item below with respect to "debt limitation." This exception, under
which It was allowable to exceed the bundred-thouaaud-dollar limit
became operative on the occasion of the breaking oat 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 of this debt are as folIUW8.
special laws “ 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.
Iu 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 he cited here. We would refer the
reader to the Revised Statutes of New Jersey published under an act of
the Legislature in 1877, to the title “ Municipal Corporations” pages
714 to 720 both inclusive; and also to the same title (Municipal Corpor
ations) in the Supplement to the Revised Statutes of New Jersey pub_.
lislied in 1887, pages 493, etc.
PO PULATIO N OF STATE.—New Jersey has made very rapid ad
vance in population during the last few decades. In 1790 the number
of its inhabitants was 184,139; from this there was an increase only to
211,149 in 1800, to 245,562 in 1810 and to 277,426 in 1820, showing
but small additions during these early decades. Even in 1850 the pop
illation was not quite half a million, being 489,555. The 1890 Census'
however, gives a total of 1,444,933— an increase in forty years of nearly*
200 per cent.
1890.............1,444,933 I 1860............. 672,035 1830........... 320,823
1880.............1,131,116 1850............. 489,555 1820............ 277,426
1S70........... 906,096 I 1840............. 373,306 1810............ 245,562
From 1860 to 1870 the rate of growth was 34*83 per cent; from 1870
to 1880, 24*83 per cent; and from 1880 to 1S90, 27*74 per cent.
B A N K S -N A T IO N A L, STATE AND SAVINGS INSTITU TIO N S
— There has been quite considerable growth in banking facilities in
New Jersey during the last few years, and while the national banks
have absorbed a large part of this growth, the expansion has been by
no means confined to these institutions, and there have been
additions In both the State hanks and the trust companies. Thus there
were 98 national banks iu the State on Dec. 9, ’92, against only 72 on
December 24, 1885; while the number of State banks Jan. 1, 1893,
was 22, against but 10 at the beginning of 1886; and the number of
trust, safe deposit and guarantee companies in Jan., 1893, was 18
against not more than than two or three at the close of 1885. The
following shows capital, deposits and profits of the national and State
banks.
---------------1892-3.-------------- - -------------- 1885-86.------------- .
LO ANS—
— Interest.— - .
----------P rin cip al.---------*
NAME AND PURPOSE.
Rate. Payable. When Due. Out*tand’g.
War loan................................. 6
J A J Jan. 1, 1894
$102,000
do
................................. 6
J d J Jan. 1, 1895
c
75,000
do
..................... ........... 6
J d J Jan. 1, 1896
c
07,000
AO
................................. 6
J d J Jau. 1, 1897
e
199,400
do
................................. 6
J d J Jan. 1, 1898
c
200,000
do
................................. 6
J d J Jau. 1, 1899
c
123,000
do
................................. fl
J d J Jan. 1, 1902
c
71,000
National.
State.
National.
State.
IN TER EST-W H ER E PAYABLE.—Interest is payable in Jersey
N e w J k r s ev .
(Dec. 9 ,’92.) (Jan. 1/93.) (Dec. 24/85.) (JanA, ’86.)
Number of banks...
98
22
72
io
City and Trenton.
Capital....................$14,568,350
TO TA L DEBT, ETC.—The total funded debt on Nov. 1, 1892, was Surplus and profits. 11,07:-*,577 $1,780,760 $12,193,410 $1,310,220
1,060,949
5,956,535
563,653
$996,300; In 1887 it was $1,396,300; in 1880 it was $1,896,300* The Deposits, inuivid’l . 51,560.850 6,968,737 33,188,767 3,460.398
•inking fund assets In 1887 were $702,275; In 1880 they were $1,250,The 120 uational and State banks held at latest dates $58,529,587 of
000. A t present much o f the real estate held by the sinking fund is deposits, against an aggregate of $36,649,165 held by the 82 Institu
greatly reduced In value.
tions in existence in 1885-86. The aggregate capital now is $16,349,110,
ASSESSED V A L U A T IO N .—The assessed valuation o f real and against $13,503,030, and aggregate surplus and profits $12,134,526^
personal property U given in the following ta b le:
against $6,520,188. In addition the trust, safe deposit and guaran
1892_$742,759,082
I 1886 ... $.573,256,303 I 1878... $531,851,849
tee companies above referred to had, on Jan. 1,1893,$1,695,000 capital,
1891 .... 701.320,029 |
1884___ 554.828,114 1876 ... 596.833.707 $1,002,468 surplus and profits and $9,752,509 deposits. In the case of
1890_ 649.979,700
i 1882 ...
535.467.876 1874 ... 619,057,903
the savings banks, while there has been a decrease in the number of the
1888
... 603,676.953 I 1880 ...
518.617,518 |
In addition to the above the valuation o f railroad and canal property banks, the operations of the institutions for the last dozen years reflect
striking progress, and indicate full recovery from the depression
In 1892 was $216,249,782; In 1891 It waa $208,702,468.
DEBT L IM IT A T IO N S .—The provisions of law limiting and regulat following after 1876.
1893.
1886.
1881.
1876.
lng the debt-making power in New Jersey w ill be better understood
Sari nr/* Banks—
(Jan. 1.)
(Jan. 1.)
(Jan. 1.)
(Jan. 1.)
and the information w ill be made more serviceable to the investor if Num ber of banks___
24
29
31
40
140,772
91,681
74,965
*93,000
arranged in accordance with the civil divisions to which the provisions Number of depositors
Amount of deposits.-$36,488/246$25,335,780 $19,863,638 $32,450,313
apply.
Surplus and profits..
3,155,339 2,166,928 1,036,068 1,212,602
(1)
TH E STATE la restricted as to its debt-making power by the
each deposit...
259
276
265
349
State Constitution. In Article IV , Section V I, paragraphs 3 and 4, the
Approximate.
whole sub ect Is disposed of. The third paragraph forbids a loan o f the
It will bo observed that the number or depositors on January 1,1893^
State's credit, and the fourth paragraph forbids the creation of debt. V ia 149,17
>l, 681 in 1886, and 74,965 in 1881, and the amount
These provisions are as follows.
of the deposits $36,498/246, against $25,335,780 in 1886 and $19,863,3. The credit o f the State shall not be directly or indirectly loaned in 638 In 1881.
any case.
SAVINGS BANKS’ INVE STM E N TS -PO W E R S AND RESTRIC
4. The Legislature shall not In any manner create any debt or debts,
liability or liabilities o f the State, which shall singly or in the aggregate TIONS.—The hist general savings hank law of New Jersey was passed
with any previous debts or liabilities at any time exceed one hundred in 1976. In good part that law is still in force, but the more important
r purposes o f war, or to repel Invasion, or to sections with reference to investments, especially sections 26 and 29 of
suppress t— nrreetlon, M l w the same shall be authorized by a law for
some singleobiect o f work, to be distinctly specified therein; which the general law, have been superseded by later statutes.
Indeed, for some time the legislative tendency in the matter of invest
law shall provide the ways and means, exclusive o f loans, to pay the
Interest or such debt or liability as It fails due, and also to pay and ments has been in the direction of allowing the management of theso
discharge the principal o f such debt or liability within thirty-five years
from the time o f the contracting thereof, and shall be trrepcaUible until institutions a wider choice and a larger discretion. Section 26 of the
such debt or liability and the interest thereon are fully paid and dis- 1976 law restricted the investments within narrow limits. In 1878
charged ; and no such law shall take effect until it shall, at a general those limits were widened somewhat by an entirely new act of two sec
•lection, have been submitted to the people, and have received the
sanctlou o f a majority o f all the votes cast for and against It at such tions, the first taking the place of section 26 of the act of 1876. In 1886
election ; and all money to be raised by the authority o f such law shall still another law was passed iu place of the first section of the law of
be applied only to the spec tile object stated therein, and to the payment 1878. Filially iu 1889 an act was passed which materially broadened
•oehe debt thereby created. This sectlou llmO not be eoost'
t l to any money that has been, o r may be, deposited with this State by the provisions of section two of the law of 1878, which covered the
same subject matter contained in section 29 of the original lawof 1876.
the Government o f the United 8tales.
According to the foregoing (4 th paragraph), the power o f the State for Consequently section 26 of the law of 1876 has now been superseded by
making debt la limited to $100,000, except (1) for purposes o f war etc. the law of 1996, and section 29 has been superseded by the law of 1889,
and (2) when the authorization Is for some single object of work spec! and hence tho following contains the leading provisions of the law as to
fled therein etc. In the latter case the ramie of procedure Is, as will investments which Is iu force in New Jersey to-day:
Section 1. That the first section of the act of which this is a supplebe seen, given In the same paragraph of the Constitution.
ment be and the same is hereby amended so as to read as follow s:
(%) C ITIE S , C O U X T lE 9 % TOWNS, Etc., are also restricted In the
making o f certain kinds of debt by Article I, paragraphs 19 and 20, of
the Constitution. We give the paragraph in full.
19. No county, elty, borough, town, township 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
security for or be directly or Indirectly the owner o f any stock or
bonds o f any association or corporation.
20. No donation of land or appropriation o f money shall be made
by the state or any municipal corporation to or for the use #f
any society, association or corporation whatever.
It w ill be noted that the above prohibition relates to the giving of
money, property or credit o f cities, Ac., to Individuals, associations, or
corporations, Ac., 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 ,
That it shall not bo lawful, from and after tho 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
.suite, and any provision contained in the charter, or any supplement
thereto, of such savings bank or savings institution to the coutrary, to
invest the moneya deposited with the same in any manner, except as
follows, to w it:
,
,
, , .
I. In the stocks or bonds or intoresLboarlng notes or obligations of the
United .States, or those for which tho faith of tho United States is
distinctly pledged to provide for the payment o f the principal and
Interest thereof;
If. In the interest-bearing bonds of this State;
III. In the bonds of any State in tho Union that has not, within ten
years previous to making such investment by 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.
IV. In the stocks or bonds of any city, town, county or village of this.
8tate, issued pursuant t« the authority of any law of this State, or of
4»g
STATE AW CITY SUffiEMEl^T,
3J
the cities of New York, Brooklyn and Philadelphia, or in any interest
hearing obligations (other than those commonly known as im prove
ment certificates) issued by the city, town or borough in which such
bank or institution shall bo situated;
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 incase the loan is on unimproved
or unproductive real estate, the amount loaned thereon shall not be
more than thirty per centum of its actual v a lu e ; and no investment in
any bond and mortgage shall be made by any savings bank, except upon
the report of a committee o f at least three of the managers, directors
o r trustees o f any such bank or institution, and a m ajority o f which
committee shall certify to the value of the premises mortgaged, or to
be mortgaged, according to their best judgment; such report shall be
died and preserved among the records o f the institution;
Vi. In real estate strictly in ae eordance with the follow in g p ro
visions.
We do not reprint the real estate provisions, as they cover a matter
not germane to our present subject. I t is sufficient to say that they are
tw o in number, being marked (a ) and (b ), and may be summarized as
b e lo w :
(a ) authorizes the holding of a plot for erection of a banking build
in g or buildings, portions o f which may be rented, but tho cost of lot
and buildings must not exceed 50 per cent o f the net surplus of the cor
poration;
(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,
tim e shall be extended.
The other law referred to above amending section 2 of the law of
1878 is as b elo w :
Section 2. That hereafter it shall not be law ful for any saving insti
tution in this State to loan the money on deposit with the same, or any
part thereof, upon notes, bills of exchange or drafts, excepting upon
tho additional pledge o f collateral security or securities, which collat
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
first section o f this act, or the capital stocks o f national and State banks,
o r other corporations o f this State, which have not defaulted in the
payment of interest dividends within two j rears next preceding the
time o f such loan, and then only to the extent o f eighty per centum of
the market value of such collaterals; provided, that the total amount
o f such loans shall not exceed fifteen per centum of the total deposits
held by such institution.
In addition to the foregoing (according to section 27 of the general
Taw of 1876) the managers can keep on hand or on deposit in any bank
inthe^State, or in any tru stor safe deposit company in N ew Jersey,
New York or Pennsylvania, an available fund Of not exceeding ten per
« e n t o f the whole amount of deposits with such corporation, or loan
The same on pledge of the securities named in the first section cited
above. Also (according to section 28 o f the general law o f 1876) they
oan deposit temporarily in banks the excess of current daily
receipts over payments until such tune as they may be judiciously
nvested.
But the most comprehensive amendment as to investments which has
been passed in New Jersey is the law of 1886, which being passed in 1886
was o f course a statute o f tho State when the above act o f 1889 was
passed, and explains the scope o f the 1889 law. The law of 1886 is
as fo llo w s :
Section 1. That it shall be lawful for any savings bank or savings in
stitution, incorporated under any law o f this State, to invest moneys
deposited with it in the bonds of any city or county of any State of the
United States o f America, which have been or may be issued pursuant
to the authority of any law of any such State; provided, no such city or
-county has, within ten years previous to making such investment by
any such savings bank or savings institution o f this State, defaulted in
the payment of any part of either principal or interest of any debt
authorized by law o f such State to be contracted; and provided, f u r
ther, that the total indebtedness o f any such city or county is limited
by law to ten percentum of its assessed valuation.
By another aot the banks also have the righ t to invest in railroad
bonds under certain restrictions. The authorization was given by
Section 2 o f an act approved February 22,1888. Subsequently (April
27,1888,) this Section 2 was repealed. On March 27, 1889, however,
it was again re-enacted. The section is as fo llo w s :
Section 2. That it shall be lawful for any savings bank in this State
to invest its funds in first mortgage bonds o f any railroad company
which has paid dividends o f not less than four per centum per annum
regularly, on their entire capital stock, for a period o f not less than
five years n ext previous to the purchase of such bonds, or in any con
solidated mortgage bonds of any such company authorized to be issued
to retire the entire bonded debt o f such company.
I t w ill bo noticed that the foregoing provisions leave the N ew Jersey
law very broad and liberal. N ot only can savings bank deposits be
invested in bonds o f tho United States, in bonds of the different States
which have not defaulted within 10 years, and in bonds of the cities of
N ew Jersey, but (1) they can be invested in bonds o f every city o f the
United States excepting such as have defaulted, where the debt lim
itation is 10 percent of valuation; (2) and 15 per cent o f the deposits can
be loaned on all these securities up to 80 per cent of their market
value, and (3) current receipts over payments can be kept on deposit
at interest in any bank while w aiting for a good investment, and (4)
investments may also be made in railroad bonds under the restrictions
(Contained in the section above quoted.
T A X FR E E .—A ll bonds issued by this borough are exempt from
taxation.
A T L A N T IC
C I T Y . — S. D. H oefman , Mayor.
This city is in Atlantic County. The Common Council of Atlantic
City has decided to purchase the plant o f the Atlantic City Water
works Company for $500,000, and bonds to this amount w ill be issued
to the company payable in fifteen, twenty, twenty-five, thirty and
thirty-five years, with interest payable semi-annually.
LOANS—
'When Due. Bonded debt Sept. 1,’92.
$76,450
City B onds—
T ax valuation, real...... 9,949,752
5 s ,....... $28,450........1893 to 1896 T ax valuation, personal 1,053,181
I mprovement B onds—
Total valuation 1891...11,002,933
5 s ,.........$12,000.......... Aug., 1893 Total tax (per $1,000)......... $9*20
5 s ,....... 12,000.......... Aug., 1901 Population in 1890 was...... 13,055
5 s ,....... 12,000.......... Aug., 1906 Population in 1880 was...... 5,477
5 s ,....... 14,000.......... Aug., 1911 Population in 1870 was...... 1,043
B A Y O N N E . — W il l ia m C. F arr , Mayor.
This city is in Hudson County.
LOANS —
Amount. Floating debt.................. $88,329
Assessment bonds......... $26,000 Total debt.......................1,583,829
City o f Bayonne bonds.. 229,000 Sinking fund..................
63,443
Funded assessm’t bonds.
64,000 N et debt May 1,1892___ 1,520,386
Funded tax bonds......... 165,000 T ax valuation, real....... 9,707,157
Improvement bonds...... 319,000 T ax valuation, personal. 598,166
Refunded assess’t bonds. 337,000 Total valuation 1891... 10,305,323
Road bonds..................... 154,000 Assessment a b o u t a c t u a l value.
T a x bonds...................... 169,000 Total ta x (per $1,000)........$23'20
Township bonds............
500 Population in 1890 was___19,033
W ater bonds.................. 136,000 Population in 1880 was___ 9,372
Bonded debt May 1,1892.1,495,500
Of the bonded debt $47,000 bears \7per cent interest; $70,000 bears 6
per cen t; $1,378,000 bears 5 per c ent; $500, no interest.. This debt
was and is due as fo llo w s : 1892, $4=5,500; in 1893, $71,000; in 1894,
$133,500; in 1895, $91,000; in 1896, $167,000; in 1897, $102,000; in 1901, $10,000; in 1902, $105,000; in 1903, $61,000; in
1904, $5,000; in 1905, $3,000; in 1906, $5,000; in 1907, $22,000 ; in
1908, $52,000; in 1911, $340,000 ; in 1912, $25,000; in 1913, $36,000;
in 1914, $4,000; in 1918, $96,000; in 1919, $121,000.
5 A L F R E D F. S KINNE R, Chairman.
— ( J. N. K L E IN , Treasurer.
This township is situated in Essex County.
LOANS—
When Due. T ax valuation, real...... $1,431,375
T ax valuation, personal
180,991
W oodside (Tw p .) B onds—
6s, J&D, $8,500......... June 1,1900 Total valuation 1892... 1,612,366
Assessment is
to 23 actual value.
(Subject to call at any time.)
State ta x (per $1,000)...........$6‘70
I mprovement B onds—
4s, J&D, $50,000....... Dec. 1, 1919 Township ta x (per $1,000).. 10-50
(Subject to call after Dec. 1,1909) A verage school t a x ............. 2‘00
Total debt Feb. 1,1893....$58,500 Population 1890 was.............3,487
Sinking fund..................... 3,000 Population 1892 w as............ 5,000
N et debt Feb. 1, 1893 ...... 55,500
IN T E R E S T on the Woodside bonds is payable at the Newark City
National Bank; on the improvement bonds at the Security Savings
Bank, Newark, N. J.
B E L L E V IL L E .
B ER G EN
C O U N T Y . — J. W. B ogert, Treas.
The county seat is Hackensack.
LOANS—
When Due.
T ax valuation, real___$17,280,572
T ax valuation, person! 1,879,529
B ounty B onds ($500)—
7s, J&J, $144,000.................1893 Total valuation 1891.. 19,160,101
($12,000 due yearly) to 1904 Population in 1890 was..... 47,226
Total debt May 11, 1892.$156,000 Population in 1880 was.--- 36,786
IN T E R E S T is payable at the Hackensack Bank, Hackensack, N. J.
B E R N A R D S
.— This township is in Somerset County.
T ax valuation, personal $442,290
Total valuation 1891... 2,040,107
11-40
7s, ...., $120,000..........In default T ax rate (per $1,000),—
Total debt Feb. 1, 1892..’$120,000 Population in 1890 was...... 2,558
|Population in 1880 was...... 2,622
T ax valuation, re a l___$1,597,817
LOANS—
When Due.
R ailroad A id B onds—
B R I D G E T O N . — F rame M. R il e y , City Treas.
This city is situated in Cumberland County. Sewer bonds to the
amount of $100,000 have recently been recommended by the Commit
tee on Sewers.
LOANS—
When Due. Total debt Jan. 1,1893.. $62,000
Tax valuation 1892....... 5,280,000
W ater B onds—
6s, F&A, $62,000...... Aug. 1,1893
Assessment is ^ actual value.
($3,000 due yearly) to Aug. 1,1913 Total tax (per $1,000)....... $16-00
Population in 1890 was...... 11,424
Interest payable at Bridgeton.
B U R L I N G T O N . — J. P. W oolmah , Treasurer.
This city is in Burlington County.
LOANS—
When Due.
City B onds (refunding)—
4s, M&S, $22,500...... Sept. 1, 1894
Meadow D rainage —
Citie s , Counties and T owns
IN
THE
STATE OE NEW JERSEY.
.1 A. B R A D L E Y , President.
.
M IL A N ROSS, Col. and Treas.
This Borough is in Monmouth County.
LOANS —
When Due.
Floating debt..................
$8,000
W ater B ondsTotal debt May 1,1892.. 100,000
58, J&D— $60,000. .June 1,1915 T ax valuation, re a l....... 2,670,338
Subject to call after June 1,1900 T ax valuation, personal. 331,987
5s, J&D---- 10,000..June 1, 19X7 Total valuation 1891... .3,002.325
-5s, J&D. .. 22,000..Juno 1, 1918 Borough tax (per $1,000)___$8'20
Subject to call alter June 1, 1893 Population of township 1890.8,333
Bonded debt May 1,1892.$92,000 |
A S B U R Y P A R K —
Vol. LYI
4s, J&J, $10,000...... July 1,1901
4s, J&D, 14,000...... Dec. 1, 1921
Subject to call after Dee. 1,1901
Steam F ire E ngine—
5s, J&D,
$1,500...... June 1,1918
Water B onds-
48, M&N, $4,000...... Nov. 1, 1894
4s, M&N, $26,000...... Nov. 1, 1916
W ater B onds—(Cont.)—
4s, J&J, $30,000...... July 1, 1913
Interest is payable at City Treas’y.
Total debt Mch. 8,’9 2 .... $108,964
’Water debt (incl. above).
60,000
Valuation, <£c.—
Taxvaluation 1S91........ 2,328,278
Assessm’t is abt. 66 p.c. actual val.
Total tax (per $1,000).......... $7‘50
Population in 1890 was........ 7,264
Population in 1880 was........ 6,090
T A X FREE.—A ll bonds issued by this city are exempt from taxation.
B U R L I N G T O N C O . — Jos. P owell, Collector.
County seat is Mount Holly.
LOANS—
When Due.
Surplus revenue 6 p. c...... $72,732
Floating debt..................... 20,000
Total debt May 11, 1892.. .$92,732
T ax valuation, r e a l.. .$21,293,264
Taxvaluation,person! $6,295,163
Total valuation 1892.. 27,588,427
County tax (per $1,000)........ $5-00
Average school ta x ............... 3-00
Population in 1890 was.. 58,528
April, 1893.
NEW JERSEY— CITIES
C A M D E N .—
J e s s e P r a t t , Mayor.
Xfeia city ia iu Camden Comity.
-In le rts t.P r in c ip a lLO AN SRute. Payable. When Due. Outstand’g.
NAME AND PURPOSE.
Bountys loams 1864
J & J Jan. 1, 189-4
$15,000
do
1864
J & J Ju ly 1, 1896
30.000
186-1
do
J & J Ju ly 1, 1898
20.000
do
1*64
J & J July 1, 1900
20,000
do
1891
15.000
Citv hall, 1874..................... ... 7
j & J Jan. 1, 1903
75.000
Fire department, 1889........ ... 4
A & O Oct. 1. 1909
15.000
7
Floating debt, 1872.............
J & J Ju ly 1, 1902
75.000
M & N May 1, 1906
do
1876............. . . . 7
130,800
do
1881............. ... 4
J & J Ju ly 1, 1911
218,000
do
1883............. ... 4
J & J Jan. 1, 1934
34.000
Funding, 1886 .................... .. . 4
J & D June 1, 1916
40.000
Interest account, 1873....... . . . 7
J & J Jan. 1. 1904
25.000
do
1875......
J & J Jan. 1, 1905
25.000
Pay bonds, 1877.................. . . . 7
J & J Jan. 1, 1907
25.000
r i. t \5Dec. 1,’9 3 -9 6 )
School bond*............................. 7
8,000
J * u $$2,000 yearly 5
Water bonds, 1872................... 7
J
& J July 1, 1893
100,000
do
1870.................. 7
J & J Ju ly 1, 1900
100,000
p do
1887.... .............. 4
J & J Ju ly 1, 1912
50.000
J & J Ju ly 1, 1917
dd
1887 ................... 4
50.000
do
1890............................
83.000
1922
95.000
do
189*2................... 4*2
Jan., 1923
95.000
do
1893................... 4*2 J A J
TOTAL DEBT, SINKING FUND, ETC.— The subjoined statement
Camden'* total municipal debt, the sinking fund held by the city
• the same, the water debt, and the city's floating debt, on the
t
llret of February, 1892, 1891 and 1889.
1892.
1891.
1889.
$1,280,800
Total bond**l debt................ $1,237,800
$1.277,*00
103,086
Asseta available .............
...............
59
P O P U L A T IO N — In 1890 population was 37,764; in 1880 it was
28,229 ; in 1870 it was 20,832.
ESSEX
C O U N T Y . - -The county seat is Newark.
LO A N S —
When Due.
Road B onds58, Var., $8,684.. . . Yar., 1893-’97
5 s ,......... 4,588...... Apr. 30, 1901
5s, J& J, 70,000........ July 1, 1893
($10,000, duey’rly) to Ju ly 1,1899
4*2S,........ , $38,000... Ju ly 1, 1893
Subject to call at any time.
4s.......... . $4,807........ 1893 & 1894
War B onds78, ........ , $510,000 ...A p r. 1, 1895
78,........ , 510,000 .. .Apr. 1, 1899
Total debt May 9, ’92.. $1,156,079
185,361
Sinking fund..............
Net debt May 9,1892..
970,718
Ta x valuation 1892.. .166,191,180
Tax valuation 1891...154,726,945
Ta x valuation 1890...154,712,000
Tax rate (per $1,000).
$6-224
Population in 1890 was___256,098
Population lu 1880 was----- 189,929
Population in 1870 was-----143,839
F R A N K L I N . — J. R. K
in g s l a n d
This township is in Essex County.
LO A N S —
When Due.
Road Bonds—
4 s ,........ ,$50,000................... 1896
($2,000 due yearly)......... to 1920
School Bonds48. $14,000 .............$1,000 yearly.
W oodslde Bonds68, ........ . $7,000.................. 1896
,
Chairman.
Total debt Feb. 11,1892...$71,000
Tax valuation, real............675,000
Tax valuation, personal... 25,000
Total valuation 1891.........700,000
Total tax (per $1,000)....... 34-20
Population in 1890 was ... 2,007
Population in 1880 was ... 1,617"
F R E E H O L D . —J ames S. Y akd , Commissioner.
This town is in Monmouth County.
LO A N S —
When Due. Total debt Sept. 12,1892. $46,000
W ater Bonds—
Tax valuation, real........1,754,150
4 s ......... $5,000.......... Jan. 1, 1894 Tax valuation, personal. 948,372
($1,000 due yearly) to Jan. 1. 1898 Total valuation 1891___2,702,522
Net debt...........................
$1,177,714 4 s ,........ $12,000...... Jan. 1, 1899 Total tax (per $1,000)—
13-00
$483,000
$483,000 ($1,500 due yearly) to Jan. 1. 1906 Population in 1890 was........ 2,932
Water debt (included above) .
$100,567 4 s .........$28,000........ Jan. 1, 1907 Population in 1880 was........ 2,432
$41,050
Floating debt...........................
$4i,03<»
The city water works are valued at $605,037, and the city hall, fire ($2,000 due yearly) to Jan. 1,1920
department property, etc., at $220,000.
ASSESSED VALUATION -Th e city's as*•eased valuation and tax G L O U C E S T E R C O . — H. S. T alm a n , C o. Col’r.
rate at different period* have >een as follows
County scat la Woodbury.
Pertonal
Kale o f Tai
Real
LO A N S —
* When Due. I Tax valuation, rea l...$10,526,206
<>er $1,000.
Total.
Property.
Teart.
Estate.
C
|Tax
$1,110,010
$18,558,380
$24*50 1-. o u u t House Bonds— 1,1893 |Totalvaluation, personal 4,148,910
1891............. $17,141,770
MAN. $30.000...... Nov.
valuation 1S91...14,675,116
1,200,280
17,942,050
1881*
...
16,741,770
<$5,000 d
»Nov. 1 . 1898 , County tax (per $1,000)
4-00
26 50 Iuf.-n -t payable in Woodbury.
1886
___ 13,701,474
1,592,210
15,293,684
I State school tax (per $1,000) 3-00
11,566,080
22 00 Total debt Jan. 1, 1893. ...$30,000 | Population 1890 was........ 28,649
1,057,850
1880.............
9,908,235
POPULATION—In l$i>0 population was 58,313; in 1880 It was
41.659; in 1870 it van 20,045
G L O U C E S T E R . — J. R. J ackson , Mayor.
This city Is in Camden County.
C A M D E N C O U N T Y . II. F. W o lfe , Director.
1893
LO AN S—
When Due. 4 s ,........ ,$10,000...............
County seat is Camden.
4s.......... 40,000................ 1894
F ire Bonds—
($2,000 due yearly)......... to 1913
A&O, $0,000..........Oct. 1, 1895
LO AN S—
When Due. Tax valuation, real. *10,273.900
Bonded debt Feb. 12,1892 $120,000
Tax valuat'n. per-uinal 3,243,303
County b o x i > —
s
Skwkk Bonds—
5s, 6* A 7s...........................$91.300 Total valuation 1891.. 43.517,203 ...... ...... $19,000..'’94, ’99 & 1904 Tax valuation, real........ 1,650,000
Tax valuation, personal. 250,000
Co. tax (per $1,000)...
$-1*90
(Part due yearly).............. to 1903
Water Bonds—
Bond* d debt May 8, 189*2. 91,300 Population In 1890 wan...... 87,687 Os.......... . $20,000............... 1914 Total valuation 1891------1,900,000
$19*15
($2,000 due ye a rly)........ to 1923 Tax »ate (per $1,000)—
Floating d©*>t.................... 15,500 Population iti 1880 wan.......62,942
5 s ,......... $10,000................
1924 Population in 1890 was........0,564
Total debt May 8, 1892_ 106,800
_
($2,000 uuc yearly)......... to 1928 Population in 1880 was........ 5,347
INTEREST Is payable at the First Natl ■nal Bank, Camden, N. J.
i l l i a m M a g e e , Treasurer.
This town is in Hudson County.
$94,400
LO AN S—
When Due. Tax valuation, real......... $464,430
i sinking fund...................
C n r Boinx*8 ,0 0 0
Tax valuation, personal. 28,200
I m p r o v e m e n t B onds —
7», MAN. $15.000____ Nor. 1. 1894 I Net debt Jan. 13, 1893..
86,400 7s....... , $70,307................ Past due Total valuation 1891....... 492,630
7s, MAN,
5,ooo......May 1,1897 Tax valuation, real........ 1.391,850 Bonded debt March 21, ’92.$70,307 Tax rate (per $1,000).......
14*20
5a» A&O.
18,000..... Apr. 1, 1899 |Tax valuation, personal. 105,150 Floating debt— . . . . . . . . . . 10,321 Population in 1890 was........ 1,947
5s, A AO,
19,800___ Oct. 1,1099 |Total valuation 1892 ...1,497,000 Total debt March 21,1892’ 89,628 j Population in 1880 was........ 1,206
4-00
5s. JAJ.
15,000___Jan. 1,1910 County tax (per $1,000).
16*00
5s, MAN.15,ooo . . May
1,1910 City tax (per $1,000)___
Bonded debt Jan. 13,1893.$88.400 i State whooi tax (per $1,000) 3 00 H A R R I S O N —J ohn W ade , President.
Floating debt......................
6,000 |Population In 1990 wan........ 2,136
TliJs city is in Hudson County.
LO AN S
When Due. Floating debt................. $41,500
E A S T O R A N G E . — II. E. J E P S O N , Chairman.
Total debt Jan. 1, 1892.. 377,500
Street I mprovement Bonds
llkis township is In Essex County.
O , J& J, $8,000........Jan. 1, 1916 Tax valuation, real........2,745,310
h
i, J& J, 253,800......... July 1. 1911 Tax valuation, personal. 248,350
Yahialum, ete.—
LOANS—
When Due
Total valuation 1891— 2,993,660
T own H all Bonds—
Bonded debt Feb.2, 1893. $091,816
Bctlooi. Bo nd *—
27,000 7«. J& J, $19,500........July 1,1893 Assessment about actual value.
4 s ,........ . $ 1 6 ,0 0 0 .................. 1893 Floating debt...................
Total tax (per $1,000)...
25*40
Water Bonds—
($ 2 ,ooo due y e a rly)........to litoo Total debt Feb. 2.1993 .. 718,916
*
Tax valuation, real........ 7,812,875 6s, J& D , $40,000........Dec. 1, 1915 Population in 1890 was....... 8,338
...... $13,500.......
1893
I,5410 due ------- .to
yearly)
1901 Tax valuation, personal. 1,052,600 Bonded debt, Jan. 1,1892 $336,000 Population in 1880 was........ 6,898
Total valuation 1891... .8,805,535
iWKR Bonn*—
$28 40
4s, 4*s* A 5a, $362,750, 1-20 y*rly. Tax rate (per $1.000)----Population lu 1890 was.
13,282 H O B O K E N . — E. R. Stanton , Mayor.
STREET [MfiiOVBN'T BONIS*—
8.349
6s. ..........$148,675 ... 1-10 yearly. Population in 1880 wan.
Hoboken is in Hudson County.
-P rin c ip a l.LO A N S —
• Interest.— *
—
When Due. * Outstand’g.
Rate. Payable.
E L I Z A B E T H - J ohn C. R a n k i n , J r., Mayor. NAME AND PURPOSE.
Feb. 1, 1905
$54,000
F & A
Judgment, 1875— r 7
This city got Into Ana d a l difficulties through making extensive A
Aug. 1, 1907
45,000
B&C School-house, 1887.r 4*2 F & A
joeal Improvement*. Int rest was defaulted February 1,1879, and a D
26,000
Vario’s 1892,’93 &’96
Watw b
i s72-76.r 7
9,500
ected with all the principal bondholder*, by D
A & O Oct. 2, 1902
do
1882....r
eotnpmmi**1 was finally H
f**
5,000
A & O Apr. 12, 1903
do
1883 ...r
e issued in exchange for the old 7 per D
which new 4 per cent bonds
Nov. 1, 1902
15,000
M & N
Engine house, 1882..
ent of their face value. Elizabeth i* in If
Cent bonds turned In at 50 p
5Jail.,’94,to1900 )
0 7 nno
& J \ $4,000 yearly 5
D
Volunt’rb ’nty,ser.I.c
Union County.
June 1, 1893
40,000
J& D
Redemption, 1878.. c
-----------P r i nr i pal. ----------- - A
+ ~Interr*t.
—
LO ANSDec. 1, 1898
337,000
J& D
A
do
1878..c
Payable. When Due. OutstantTp.
\;a<
NAME AM PURPOSE
O
Jan. 1, 1894
11,750
J & J
do
1879..c
.1 Ju ly 1. 1922 $3,375,000 A& E
Adiuxtmcnt, bond#, 1*82 .. , . 4
J "&
Feb. 1, 1899
75,000
F & A
do
1879.. c
1882 to 1907
323,000 A
Old bond* una<lju*t« tl............... 7
Nov. 15, 1901
196,000
M & N
0
do
1881.cAr
60,000
M & 8 Sept. 1, 1910
IN T ER EST -W H ER E P A Y A B L E Interest Is paid by the Merean- A
City Hall, 1880 . Cetr
10,000
A & O Oct. 1, 1898
B
Publio bath, 1888...r
U k Trust Company of New York,
1911
50,000
................................1891...
t o t a l DEBT, E t c .—The total funded debt on Ju ly 1,1892, Includ
ing unadjusted Hondo, was 83.637.3*0; sinking fund assets, 836,830;
"c," Coupon bonds; “ r,” registered bonds.
all exempt from city tax.
net debt. *3,081,50. The Imti
PAR V A L U E O F B O N D S — A is $1,000; B is $5,000; C is $10,000
AS8ESSED VALUATION -The city's aanessed valuation and tax V is $500 and E $750.
rate at different period#, have been m follows:
IN T ER E S T — W H E R E PA Y A B L E — The interest on registered bonds
al
Total A ******d Rate o f Tfts
Real
is payable at the City Treasurer's office. Coupons are payable by the
Valuation. per $1,000. | First National Bank of Hoboken, and interest on water bonds at Water
Tear*
P r oprrty.
Ratal*.
$29-80
$14,703,686
...... $13,128,050
$ i ,035,030
1891
29-80 Registrar's office.
14.070,209
,495,344
1890 ___ ...... 12.580,925
29-80
1,375,402
13,428,352
T O T A L D E B T , S IN K IN G FU N D S , Etc .—The subjoined statement
1889 ____ ... 12.052,950
20-80
12.2 40,745
,717,145
___ 11,529.000
1,
1887.,.....
21*40 shows Hoboken's total municipal debt, the sinking fund held by the
12,208,422
1880 ...... ...... 10,741,725
1.,100,097
city against the same, the water debt and the city's floating debt, on
The ta x rate In 1991 Included State tax, $3 20; county tax, $6-40;
the first of May of each of the last three years.
city tax, $20*20; total. $29*80 per $1,000.
C A P E M A Y —J. A shton
W
il l ia m s
,
Recorder.
This city U in Cape May C« nnty.
LOANS—
When l>ue. I Total debt Jan. 13,1993.
S
G U T T E N B E R G .— W
69
1892.
Total funded d e b t................... $1,224,350
Sinking fu n ds.........................
28,156
state m a
1891.
$1,131,350
43,291
c m
1890.
$1,146,350
32,240
Not d eb t............................$1,196,194
$1,088,059
$1,113,110
$51,500
$81,500
W ater debt (included above).....................
Floating debt.......................... $110,215
$138,318
$79,465
The sinking fund receives yearly a portion o f the license fees and
moneys collected from assessment after certificates are paid.
C IT Y P R O PE R T Y —The city owns parks, public buildings, a water
system and other assets amounting to over a million dollars.
ASSESSED V A L U A T IO N —The city’s assessed valuation (about
66 per cent o f the cash value) and tax rate at different periods have
been as fo llo w s :
Personal
Total
Rate o f Too:
Real
Property. Assessed Valuation. per $1,000
Tears.
Estate.
$26-40
$1,671,890
$21,026,190
1891........ $19,354,300
24-70
1,622,862
18,898,462
1890........ 17,275,600
1,491,300
17,112,400
25*36
1887....... 15,621,100
21-81
1,284,447
14,860,047
1880........ 13,575,600
The tax rate in 1890 includes: City tax proper, $1610 county tax,
$5-50; State tax, $3'10.
P O P U L A T IO N —In 1890 population was 43,648; in 1880 it was
30,999; in 1870 it was 20,297.
H U D S O N C O . — H ugh D ugan , Collector.
This uounty contains the cities o f Jersey City, Hoboken and Bayonne
The county seat is Jersey City.
P ublic R oad B ondsWhen Due.
LO AN S4 s ,___ .. $24,000.. ..Oct. 1, 1902
A rmory B onds—
48, ....
38,000.. .. Oet. 1, 1903
3s, J&J, $10,000.. .Jan. 1, ’94-’95
4 s ,___
..Oct. 1,1904
B ridge B onds—
P urciiase B onds—
5s, M&N, $31,000....Nov. 1,1901
4s, A&O,
25,000... .Jan. 1, 1894 4 *28,.... $73,000----Nov. 2,1911
Sinking F und B onds—
($5,000 due yearly) to Jan. 1,1898
7s, J&D, $250,000......Junel, 1894
B u il d in g B o n d s —
Tax A rrears B onds—
6s, A&O. $40,000. ...O ct. 1,1893
($10,000 due y ’rly) to Oct. 1,1896 6s, J&J, $250,000.... Jan. 1,1905
5s, J&J, 300,000....Jan. 1, 1398
P ublic R oad B onds49, A&O, $10,000.... Oct. 1,1893 5s, M&N, 318,000... .May 19,1901
W ar R enewal B onds—
4s, A&O,
15,000... .Oct. 1, 1894
4%8, J&J, 500,000....Jau. 1,1923 5s, M&N, $854,000... .Jan. 1, 1905
4s, A&O, 15,000....Oct. 1,1895
P U B L IC RO AD BO ND S.—These are part o f an authorized loan for
$1,000,000. The county sinking fund took the $50,000 already issued,
and w ill take $100,000 more.
IN T E R E S T is payable by the First National Bank, Jersey City, N.J
T O T A L D E B T, Et c .—T he total funded debt on December 1,1891"
was $2,332,800; sinking fund assets, $1,119,665; net debt, $1,213,135|
ASSESSED V A L U A T IO N .—In 1891 and 1892 the tax valuation of
real estate was $123,387,636; personal property, $10,107,418; total,
$133,495,054; ta x rate (per $1,000), $5-60.
P O PU LA TIO N .—The population in 1890 was 275,126; in 1880 was
187,944; in 1870 was 129,067.
JE R SE Y
C I T Y . — P eter P. W a n s e r , Mayor.
Jersey City form erly suffered greatly from difficulty in collecting
taxes and assessments. Under the Martin Act, however, recently
passed by the Legislature, the arrears o f taxes are now made liens on
the property, and if not paid within three years the property can be
sold to satisfy them. This promises to bring in a large amount of
money to the city treasury. The city has also succeeded in adjusting
the taxes with the railroads, and the latter now pay into the treas
ury annually $225,000. Jersey City is in Hudson County—which see.
LOANS/ Interest.— s ,------------- P rin cip a l. ------------s
—
NAMEAND PURPOSE.
Rale. Payable. When Due. Outstand'g.
City government, 1872--- c&r 7
J & J July 1, 1913 a$550,000
City Hall, 1891.................c&r 5
F & A Feb.10’ 93-1912
95,000
City of Jersey City, 1884...c&r 6
A & O Apr. 1, 1904 11,000,000
Fire Engine House, Police Station, etc., Bonds—
M |
s6,000
“ " " ‘
t5
a
i ' & 8 Sept. 1, 1893
4*2 A & O
1903-4 sl0,000
4
j & J Jan. 1, 1895
836,500
Fire engine house, 1888— r 4
F & A Aug. 27, 1895
t7,000
96 1902 }
4
J & J ; Jan. 1,’yearly, j 842.000
’ Part
5
j & J
3 19,900
do
do
1891.
4 hi J & J
15,100
1903
5,000
4hj A & o
Funded debt, 1872......... c&r 7
M & N
a500,000
Funding Loans to F u n d Assessment bonds, 1874.c&r 7
J & D
100.000
do
1875.c&r 7
J & D
600,000
do
1876. c&r 7
J & J
300,000
do
1891. c&r 5
A & O
FLoating debt, 1879....... c&r 6
F & A
Maturing bonds, 1880...c&r 6
j & D
t450,000
Differences, &c., 1881, issued
by Hudson C ity........... c&r 5
A & o
1150,000
5
J & J
350.000
do
1891......... r 5
j & J
275.000
do
1889......... r 8% A & O
200.000
do
1889......... r HA* A & O
386.000
Improvements, 1874...... c&r 7
M & s
160.000
do
1874..... c&r 7
M & 8
245,500
do
1874........ r 7
J & J
60,000
Morgan Street dock, 1870. c&r 7
J & «)
al25,000
Prin t’g & advert’s’g, 1891..r 4*2 J & J
2,056
Improvement certificates...
193.000
i, etc. , issues7
■ & J
T
50.000
do
(Bergen),1870. r 7
J & J
100.000
1, 1900
do
(Hudson), 1870.1- 7
J & J
50.000
Bonds—
Streets and sewers, 1873.e&r 7
M & N
z287,000
do
do
.c&r 7
A & o
do
do
1873.. .r 7
M & N Nov. 1, 1893
z 11,500
do
do
1874c&r 7
J & J Jan. 2, 1894 z500,000
do
do
1873..
.r M & N May 1, 1894
7
z 1,500
do
do
1874c&r 7
J & D June 1, 1894 z500,000
do
do
1 8 9 2 ..
..
5
j & .T Jan. 2, 1922
748,000
Sundry bone s, 1891
5
J & .1 Dec. 1, 1892
13,565
Water loan, 1866.
7
J & J Jan. 1, 1899 al00,000
do
7
J & .J Jan. 1, 1902 a375,000
do
7
A & O Apr. 1, 1902 aS00,000
do
7
M & 8 Sept. 1, 1902 a500,000
do
7
&
J & JJ Jan. 1, 1904 a250,000
do
1876.
7
J &
J & JJ Jan. 1, 1906
a60,000
surptEWtNT.
,— Interest.— .
LO ANSRate Payable.
NAME AND PURPOSE.
Water b>an, 1876.................. 7
M & N
M & S
do
1878.
do
M & N
1873.
, 7
.1 & .T
do
1865.
. 6
do
J & J
1877.
. 6
do
F & A
1879.
. 6
J & J
do
1879.
. 6
5
do
F & A
do
A & o
o
l 5
do
1891..
do
.
5
j & D
do
1892..
.
5
J & J
do
J & J
do
1893..
..
. 5
Vol. LVI----------P rin c i pa l-------- ,
When Due. Outstand'g.
a$61,000
Mch. 26, 1908
a47,000
May 1, 1913 a 500,000
Jau. 1 , 1895 al79.000
July 1, 1907 a255,000
Feb. 1, 1909 Ia50,000
July 1, 1909
a50,000
Feb. 1 , 1913 a525,000
Apr. 1, 1916
586,000
June 1, 1921
350,000
Jan. 2, 1922
248,000
Jan. 21,, 1923
200,000
Nov. 1, 1906
a $1,000 each.
t Secured by special sinking fund—see below,
s W holly in sinking fund.
z These are assessment bonds.
IN T E R E S T - W H E R E P A Y A B L E —Interest on bonds is paid by the
Merchants’ Exchange National Bank o f N ew Y ork City.
T O T A L D E B T, S IN K IN G FU ND S, E TC.-The subjoined statement
shows Jersey City’s total municipal debt, the resources held by the city
against the same, also the water debt, on the first o f December of each
of the last tw o years.
1891.
1890.
General account debt.................................. $7,485,819
$7,163,239
Assessment accoimt debt............................
5,086,000
5,473,500
Temporary loans..........................................
450,000
930.000
Improvement certificates.............................
124,500
193.000
Amount due State and county.....................
141,044
656,088
Unexpended appropriations, 1887-91.........
261,496
2,007,809
Other accounts.............................................
53,899
58,349
Total liabilities (excluding w ater debt).. $13,602,758
Cash in City Treasury..................................
$502,043
Bonds held in sinking funds........................
1,307,711
Loaned water accou n t...............................
...........
Due from State for school purposes............
...........
do
do
railroad taxs.................
...........
Taxes due and unpaid.................................. 3,399,290
Assessments due and unpaid...................
2,187,109
City p roperty................................................ 1,426,500
102,577
Due city for advertising tax sales...............
Other item s...................................................
207,923
$16,481,985
$790,827
1,726,385
299.000
262,367
325.000
5,148,410
2,384,564
1,4-26,500
102,413
63,768
Total resources....................................... $9,133,152
$12,529,234
N et debt of city (except water acc’ t) Dec. 1. $6,090,450
$3,952,750
Water debt (additional)............................... $5,136,000
$5,085,000
E arly in 1891 $586,000 water bonds and $1,869,000 other bonds fell
due and were funded at 5 per cent.
S IN K IN G FU ND S—The sinking funds, all o f which are invested in
the city’s bonds and certificates, are held to secure the city’s loans a«
fo llo w s :
For loan “ To fund maturing bonds,” 6 per cents, 1910......
$130,321
For loan “ To fund differences,” etc., 5 per cents, 1911......
68,415
For water 5 per cents, due 1913...........................................
87,660
For City of Jersey City 6 per cents, due 1904......................
160.373
For fire-engine house 4 per cents, 1895................................
L,436
For tax arrearage bonds of 1875 to 1887 inclusive.............
110,084
For any Jersey City bonds (sinking funds 1873 and 1889)..
837,080
Total sinking funds.......................................................... $1,395,369
Statement o f debt on December 1, 1882.
Total debt (excluding w ater debt).........................................$17,926,450
Sinking fund assets................................................................
1,386,805
N et debt (excluding water debt).....................................$16,539,645
W ater debt (additional)......................................................... $4,838,000
T A X E S A N D A S S E S S M E N T S .—Included among the city’s resources
above as of December 1, 1890, is the item “ taxes due and unpaid,”
amounting to $5,148,410. This is made up as follow s: T ax of 1890,
$1,396,720; ta x of 1889, $541,973; ta x o f 1888 $474,335; adjusted
taxes of 1872 to 1882, inclusive, $675,276; unadjusted taxes, 1876 to
1887, inclusive, $1,994,957; taxes o f 1875, $65,149. As said above, the
amount o f unpaid taxes and assessments is being reduced through the
sale of delinquent property.
C IT Y P R O P E R T Y .—The city owns its water works which are selfsustaining.
ASSESSED V A L U A T IO N .—The city’s assessed valuation and tax
rate have been as fo llo w s :
Total
Tax R a te
Real
Valuation, per $1,000.
Estate.
Personal.
$84,708,795
$28*40
1891..................$78,165,545
$6,543,250
78,957,415
26-40
1890.................. 73,059.256
5,898,150
.......
72,393,560
1889.................. 67,165,900
5,227,660
69,040,725
29*80
1888.................. 64,069,305
4,971,420
66,879,939
29*40
1886.................. 61,894,739
4,985,200
59,466,690
28*00
1880.................. 54,122,875
5,343,815
P O P U L A T IO N .—In 1890 population was 163,003; in 1880 it wa*
120,722; in 1870 it was 82,546.
K E A R N E Y . —J esse Ca r v e r , Chairman
This township is in Hudson County.
A mount. Bonded debt Mar. 1 ,1892.$375,200
LO ANS73,364
Fire Depiirtinent............ $7,000 Floating debt.................
Total debt...................... 448,564
($1,000 due yearly.)
65,186
R ailroad.......................... 148,800 Sinking fund..................
N et debt March 1,1892.. 383,378
(Due 1902 3-4.)
School bonds...................
64,900 T ax valuation, re a l....... 4,306,500
Sewer improvement.......
25,000 T ax valuation, personal. 929,175
Street improvement.......
25,000 Total valuation 1891---- 5,235,675
19 00
Temporary impt, past due
2,500 T ax rate (per $1,000)---W ater bonds.................... 102,000 Population in 1890 was....... 7,064
M A D IS O N .—
J a s . P. A l b r i g h t , Major.
Tliis borough is in Morris County.
LOANS—
When Due. Total debt, Mar. 1,1892.. $90,000
T ax valuation, re a l....... 1,428,265
E lectric L ight B onds5 8 ,.......$15,000......................1910 T ax valuation, personal. 278,520
5s, . ...,
5,000...................1921 Total valuation, 1891... 1,706,785
Total tax (per $1,000)...
19'20
Water B onds—
.....
5 s , .......$60,000......................1920 Population 1890 was..........
.....
5s, ....,
10,000...................1921 Population 1880 w as...........
April, 181)3.
NEW JE R S E Y —CITIES
M E R C E R C O .—J o s e p h B.
County seat
Is Trenton.
Sh a w ,
Director.
$ °7 000
LOANS—
When Due. I Floating: debt................
BBiixiK B onus —
; Total debt, May 1 1 , 1892 167000
5s,---- ,
$bO,(H>0----Feb. 1, 1891 |Tax valuation, real.......... 315,059
($5,000dueyr'ly) to Feb. 1, 1909 j Tax valuation, personal.. 117,965
5s,
- s ,
Aug., 18951Total valuation 1891...
433 0 2 1
($5,000 due y T ly ) to Aug., 1906 I Population 1890 was......... 7 9 9 7 8
Bonded debt. May 11,189*2$140,000 | Population 1880 was......... 58,061
61
P O P U L A T IO N .—In 1890 population was 181,830, in 1880 it waa
136,508; in 1870 it was 105,059 ; in 1892, about 200,000.
5J. H. V A N CLEEF, Mayor.
1J AS. NE1LS0N, Treasurer.
This city is situated in Middlesex County.
LOANS—
When Due.
Street & Se w er Bonds-/-Coni.).
R evenue Bonds—
7s, M&N\$172,000_________ —1897
4s. M&N, $40,000
7s, MAN,
55,100_
1898
Sin Kim ; F und Bonds—
6 s, MAN,
206,000_
1898
6s, M&8, $11,000. ..Sept, 1,1902 6 s, MAN,
49,500....-------- 1 3 9 9
M I D D L E S E X C O - -R. Sewiss , Collector.
6s. M&S, 41,000. ..Meii. 1,1903 6s, M&N, 2 , ,500....--------- 1900
County seat is New Brunswick.
•6s, J&J, 141,500. -.1905 & 1906 6s, M&N, 10.000.
...------1901
LOANSWhen Due. 4s, J&J, $30,000.. Jan., 1894-’03 5s, M&N, 45,000. ..M ay 1,1897 6s, M&N, 20.000.
. .. ------1902
Bon
4a, JJcJ,
4.000. .Jan., 1894-’ 99 5s, MAS. 22,000. ..Sept. 1,1901 6s, M&N, 3 9 .0 0 0 . ..------- 1 9 0 3
7s, AAO. $9,900............Apr., 1893 4a, JJcJ,
5 00....---------- 1 9 0 5
26,000.. Jau., 1894-’03 5s, M&3, 25,000. ..Sept. 1,1902 6s, M&N,
5s, J&J,
($1,100 due yearly) to Apr., 1901 4s, JjiJ,
4.000.
.Jan., 1893-’94 15.000. ..Jan. 1,1906 6s, M&N, 29.000. . .. --------- 1906
4s, J&J, $ 1 0 0 , 0 0 0 ....... Jau., 1904 Total debt Jan. 10, *93.. $223,900 44s, M&N, 12,000 ..M ay 1,1907
Water B onds—
($10,000 due ye’ ly) to Jan., 1903 Tax valuation 1892...... 25,931,107 48, M&N, 55,000. ..M ay 1,1907 7s, M&N, $42,000_ M ay 1,1897
_
B e n k w a l Bonds —
State tax (per $ 1 ,0 0 0 )...
$3 00 4s, M&N, 10,000. ..Nov. 1,1907 7s, M&N, 50,000__ Moll. 1,1899
6 s, J&J, $10,000.......... Jan., 1894
County tax (per $1,000)
7*20 4s. M&S. 10,000. ..Mar.. 1908 7s, M&N, 50,000___Moll. 1, 1904
Street and Sewer B onds—
($2,000 due yearly) to Jan . 1898 Population 1890 w as.........61,754
7s. M&N, 38,500___Nov. 1, 1893
7s, MAN, $77,200___
1894 ($5,000 due yearly) to Nov. 1,1900
41 JAJ, $13,500. .Jan., 1894 *96
**.
7s, MAN, 52,300___
1895 7s, M&N, 70,000....Nov. 1, 1893
4s, JAJ,
21,500 .Jau., ’94-1900
1896 ($10,000 due yT ly) to Nov. 1, 1899
INTEREST is payable at the County Collector’s office, New Bruns 7s, M AN, 127,500___
INTEREST on tbe water bonds, w it lithe exception of the $38,500
wick. N. J.
and $70,000 issues, is payable at the Ninth National Bant, New York
City. A ll other interest at the National B a n t of N ew Jersey at New
M O N T C L A I R . — J o hn 1 . W ilso n , Chairman.
1
Brunswick.
This township is situated In Essex County.
T O T A L DEBT, SINKING FUND, Et c .—T he subjoined statement
LOANS—
When Due. j Total debt Feb. 1, 1893.. $300,000
J udgment Bonus —
[ Tax valuation, real....... 5,500,000 shows New Brunswick's total municipal debt, the sinking fund hold by
5*, MAN, $300,000............. Yearly |Tax valuation, personal. 350,000 the city against the same, the water debt, and the city’s floating debt,
(Various amounts) to 1918 i Total valuation, 1892.. .5,850,000 on the dates mentioned.
Bk w k r Bonds —
I Total tax (per $1,000)...
32*50
Apr. 1,1893.Apr. 1,1892. Apr. 1,1891
5», MAN, $150.000....May 1, 1913 | Population 1890 w as............ 8,656
Total municipal debt.................... $ 1 ,567,600 $ 1 ,5 7 6 , 1 0 0 $ 1 ,602,600
Unimproved property Is assessed at 40 j»er cent and improved prop* Sinking funds and other assets... 330,355
302,241
312^511
erty at 50 per cent of Its actual value.
$1,237,245
$1,273,859 $1,290,089
INTEREST on the bond* is paid by the Mutual Benefit Insurance ...Wet d eb t......
" ater debt, included above.........
250,500
303,500
318 500
Company, Newark, N. J.
Mg debt (included above)...
*70,000
34,000
38,’000
, , ,
Apr.1,1890. Apr.1,1887. Apr.1,1886. Apr.1,1885.
Total debts............ $l,r>80,600 $1,624,630 $1,695,326 $1,618 619
N E W A R K . — J oseph E. H a y n e s , Mayor
Total asset............
190.282
115,747
lf iQ io i
w i;in
169,191
57,519
Newark Is situated in Essex County and Is indirectly responsible for
about
dve-sevenths o f the county debt, which amounted in 1892 to
<',079. The details o f the city’ s bonded debt are as follo w s:
LOANS—
• interest.— *
—
-IT in e ip a l.-
R a l e . .V a y a b l e.
NAME O PURPOSE
R
Auiii-utiuri.......... ..... 1830 4
M A
CUy improvement refunding
4
M& s
City tax............... ..... 18*0 4
M Ac 8
Clinton Hill............ ..... 1875 7
J Ac j
Corporate.............. ..... 1878 6
F Ac A
..... 1880 5
do
.......
J Ac L)
Funded debt......... ...... 1800 7
A Ac O
do
......... ..I885.r. .5
F Ac A
Intern-**
*ewer........ 1888 4
A A O
Marki't bond*......... ..... 1891 4
A Ac o
...... 1891 4
do
do ................ 1891 4
Reform *chool___ __ ...... 1873 7
j Ac J
......1879 0
8cw er..........
M& 8
do
..... 1887 4
M Ac 8
Street Improvement ..... 1879 0
M Ac 8
do
do and *ewer 1880 4
M Ac X
Tax a r re a ra g e ....... ...... 1883 5
j A j
do
..... 18*4 5
J A J
.......
1 *i 5
88
do
J A J
do
....... ...... 188*; 4 4 A A o
do
....... 18.87 4N J A J
do
...... ..... 1*!M 44 J A J
>
M
do
. .. .. . . . . 18 M 4
J A J
do
___...... 1889 4
J A J
do
....... ...... 1891 4
When Due.
Mch.
Mch.
Mch.
July
Aug.
Apr.
July
Mch.
Mch.
M.*h.
May
July
July
July
Oct.
July
1, 1906
1,
1,
1
1,
1,
N E W B R U N S W IC K .
Net debt............*1,390,318
Float, debt (iuclutL)
$40,000
$1,508,883
$101,130
>1,526,135
$103,326
$1,561,100
$111,219
• The floating debt as given for A p ril 1, 1393, Includes revenue
$126,000 bonds.
1,500,000 | C IT Y P R O P E R T Y .—The city owns public buildings, steam Are
158.000 engines, etc., and a water works costing $472,337; the gross
4 0 0 .0 0 0
earning from which for the year ending January 1,1892, were$53,428,
7 0 0 . OOO
5 0 0 ,1 8 HI and the cost of maintenance almnt $13,313, of which $2,000 was for
4 5 0 .1 8 8 )
re laying water m ains: construction $5,961.
232.000
ASSESSED VALUATION.—The city's assessed valuation and tax
620.000
335,18 K) I rate have been as follows :
Outstunri'a.
1906
1895
.......
1908
1910
1896
1. 1911
1893
1694
10, 1893
1, 1909
1. 1897
1, 1909
10, 1906
1, 1893
1, 1894
1, 1895
1. 1896
1, 1697
1 3 .0 0 0
14.000
0.188)
1 6 0 ,(8 8 )
148.000
270.000
5 0 0 ,(8 8 )
122.000
1 3 0 ,(8 8 )
Ileal
P erson al
Total Assessed
Rate o f Tax
Tear.
Estate.
P ro p e r! y.
V aluation.
p e r $1,000.
$2,110,000
$10,010,000
$25-00
1892............$7,900,000
I 1S ill........... 7,930,000
2,110,000
10,040,000
24-20
1*90 .......... 7.900.000
2,150,000
10,050,000
24-60
1886............ 4,062,458
1,325,850
5,388,305
41-40
1830_______ 4,173,000
1,243,000
5,416,000
35-81
! The total tax rate for the year 1392 included Stats tax, $2-99;
j county tax, $7-24; city tax proper, $13-86, and sohool tax, ? 1-00.
P O P U L A T IO N .—In 1890 population was 18,603; in 1880 it was
| 17,166 ; in 1870 it was 15,058.
-
112,000
97,(88)
75,188)
28.000
1900
61,(88)
July 1, 1898
July 1, 1899
51.000 a d
A M C ' 17
I H. IT. TRUMAN, Mayor.
1901
34.000 U n A l N U L . — \ HORACE STETSON, City Clerk.
Water debt
50.000
F A A Aug. 1, 1900
........... 7
Orauge is situated in Essex County. None of the city’s bonds can be
do
M
100,000
.1877 0
F A A Aug. 1. 1h97
500,(88) retired before maturity.
do
d>
<
.1875 7
M A X May
1, 1905
1 0 0 .1 8 8 )
M A N May
1, 1909
«!•'
do
...1879 5
LOANSTT/ieu Due.
School H ouse B onds—
do
do
70.(88)
...... .
1911
...1891
D eficiency Bonds—
5s, J&J. $10,000......June 1, 1900
2 1 5 .(8 8 )
do
do
7s, A&O, $10,000... Apr. 1, 1897 5s, J&D, 30,000......Dec. 1, 1901
1.
..1
4>* M * N Mar 1, 1915
....1888 41 * M A 8 Mch. 6, 1918
do
20.000 7s. A&O,
do
15,000... Apr. 1,1898 ($5,000 due yearly) to Dec. 1,1906
20,0(8) 7s, A&O.
1903
do
Sewer Bonds—
....1888
10,000... Apr. 1, 1899
do
A I> Dec.
1010
do
20,000
do
.1 890
F ire D epartment B onds—
A D
5s, J&J, 256,000......1901 to 1932
do
30.000 7s, A&O, $10,000... Apr. 1, 1895
...1884
<'"
M A
X May 1 1914
Tax Arrears B onds—
12.000 7s, A&O.
do
M A
N May 1. 1916
10,000... Apr. 1,1896 7s. M&N, $15,000......May 1, 1896
...1886
.1 "->7
Poor House B onds—
do
15,000
<*
-'•
A A O
Apr. 1, 1917
5s, F&A, 11,500.. ..July 1,1897
do
do
F A
A Feb. 1 1922* 2,500,000 5s, J&D, $3,000........ Dec. 1,1893
Tax and A ssessment Arrears—
...1892
INTEREST-W HERE P A Y A B L E .-In te re a t is payable at the office (.$1,000 due yearly) to Dec. 1, 1900 5s, J&D, $38,000...... June 1,1901
Road BondsWater B onds—
a t the City Treasurer end at local banks.
78, M&N, $10,000 ... .Nov. 1,1803 5s, F&A, $5,000...... Feb. 1, 1893
TO TA L DEBT, SINKING FUNDS, E TC.-The subjoined statement 7s, J&D, $12,000......Juue 1, 1894 5s, F&A, 5,000...... Feb. 1, 1894
5s, A&O, 400,000...... Oct. --------1, 1912
•hows Newark's total municipal debt, the sinking fund held by tbe city
INTEREST - WHERE P A Y A B L E .-ln te re s t is payable on all the
against the same, and water debt, on the first o f January o f each o f the
bonds at the Irvin g Bank, New York City.
last three yean;
1393.
1-92
1891.
T O T A L DEBT, SINKING FUNDS, ETC.-The subjoined statement
Tot. fundeddebt tinel. water <L).$14,854.000 $10,954,000 $10,759,000 shows tlie totalmunicipul debt o f Orauge, the sinking fundheid by tbe
Sinking fund.- ......................... 2.341.000
2,955,119
3,057,781
•Ity against the same, the water debt, and tbe city's floating debt, on the
$7,898,881
$7,701,219 first of March o f each of the last three years:
Net debt on Jan nary 1....... $12,013,000
Water debt................ . ................................
...........
3,572,000
1892.
1891.
1890.
In March 1891 $330,000 market bonds were offered for sale. To Total municipal debt........................ $699,500 $693,728 $669,000
Sinking funds and other assets.......................
215,634
135,000
aectirc these bonds the receipts o f the public markets are pledged.
The total debt In 1880 was $11,364,500; sinking fund assets, $2,294,Net debt on Ms roll 1 ................................
$478,194
$534,000
403; net debt, $0,070,032.
Water debt (included a b o ve)............. $410,000
$415,000 $420,000
45,000
...........
Floating debt..................................... 139,000
The sinking fund receives each year an amount equal to about 3 per
Tbe sinking fund receives yearly about $24,000, raised by taxation
sent of tbe bonds outstanding.
CITY PROPERTY.—The real estate and personal property owned and from tin- water works and other sources. The available assets con
sist o f unpaid taxes, assessments and cash in treasury.
by the city on April 30, 1890, was valued at $12,071,188.
C IT Y P R O P E R T Y .—The city owns public schools and other build,
D E B T LIMITATION.—The city's debt Is limited by law to 15 per
ings worth $300,000, together with a water system costing $425,000,
sent of the total valuation.
ASSESSED V A L U A T IO N .- T h e city's assessed valuation and tax tlie revenue from which pays tbe interest on water bonds and running
rate have been as follows, property being assessed at about four-fifths expenses. The following is a brief statement o f the earnings o f tbe
astual value:
_ . , water department from March 1,1889, to March 1, 1890: Total re
Total
Total
ceipts, $27,410; disbursements—interest account, $17,500; mainte
Real
Person a l
A ssessed
Tax per
nance, $5,115; construction, $4,758; balance paid into sinking fund,
T ea rs.
E sta te .
P ro p e rty .
V a lu a tio n .
$1,000.
1892 .........
$ ...........
$ ...........
$130,000,000
$ ....... $36. Tbe sinking fund received $4,000 from tbe water department for
1891
93,548.730
25,772,364
119,321,094
1820the year ending March 1,1891.
1890
89,729,950 25,265,475
113,995,425
1820 ASSESSED V A L U A T IO N .—The city’s assessed valuation (about
I M P ............ 82.011.340
20,193,264
102,204,604
.......
18-0
6.-,,7.1.1.315
17.631.W5
83.364,410
....... one-half of tbe cash value) and tax rate have been as follow s:
62
Years.
STATE
R eal Estate.
tW
CITY S U f f iE M E B T ,
Person al Indebtedness Total Assessed Tcu Rate
P ro p e rty , to be deducted. V a lu a tio n .
Vol. L V I .
P H IL L IP S B U R G .—
S.
V.
D
a v is
,
Mayor.
This town is in Warren County.
$7,405,000
1892.... .. $ ...........
$ ..........
$ ..........
6,710,000
26-80
137,800
773,200
1891.... .. 6,082,600
LOANS—
W hen Due. T ax valuation, personal. $654,784
6,594,780
27-00
782,000
137,920
.. 5,950,000
1890....
Town B onds—
Total valuation 1892___ 2,796,447
27-40
5,650,000
732,700
1887.... .. 4,917,300
T ax rate (per S I,000).......... $18*00
21-00 4s, 4 1 2 s & 5s,$116,500
529,100
1880.... .. 3,919,700
about $10,000 yearly. Population in 1890 w as....... 8,644
P O P U L A T IO N .—In 1890 population was 18,844; In 1880 itw a s Total debt M ay 1, 1892...$116,500 Population in 1880 was........7,181
T ax valuation, re a l....... 2,141,663
13,207; in 1870 it was 9,348.
E X PL A N A TO R Y OF BONDS.—Tlie tax arrears bonds falling due
in 1892 wero issued in anticipation o f the collection o f the taxes in ar P O M P T O N .— Tbis township is in Passaic County.
rears for the years 1877 to 1881 inclusive. Those falling due in 1896
LOANS—
When Due. Tax valuation, personal.. .$94,325
R ailroad B onds—
Total valuation 1892......... 771,225
wero issued in 1870 for taxes then in arrears, and those maturing in
5s, May, $85,000.......M ay 1, 1893
Assessment about 23 actual value,
1897 were for the tax arrears for the years 1882 to 1885 inclusive. A ll
($10,000 due y ’rly) to May 1,1901 Tax rate (per $1,000)........ $26*30
taxes collected for those years are paid into the respective funds.
Total debt May 1, 1893... .$85,000 Population in 1890 was........ 2,153
T ax valuation, real...........676,900 Population in 1880 was........ 2,251
P A S S A IC .—
W
o lsto k
R.
B row st,
Mayor.
Passaic is in the county of the same name.
R U T H E R F O R D — A l e x i s M c N u l t y , Clerk.
LOANS—
W hen Due. 5s, J&J, $6,000..................... 1893
This borough is in Bergen County.
($1,000 due yearly) to 1898
City B onds—
When Due. Total debt 1893......... $100,000
LO AN SSt r e e t I m p . B onds (renewal)—
7s, M&N, $25,000......Nov. 1, 1896
R oad BondsValuation in 1892....... 1,034,775
5s, J&J,
20,000......July 1, 1894 5s, M&N, $21,000...........................
..., $75,000 ...
...... 1922 Population in 1890 was. ...... 2,295
7,500................... 1893
5s, J&D, 24,000...... June 1,1895 5s, M&N,
($1,500 due yearly) to 1897
5s, J&.T, 23,500......Jan. 2, 1902
Bonded debt Nov. 1,1892 $272,500
Politic P akk B onds—
Floating debt.................. 168,252 R A H W A Y . — ¥ m . C h a m b e r l a i n , Mayor.
5s, J&J, $33,000........1905
($3,000 due yearly) to IS 15 Total debt Nov. 1, 1892.. 104,248
This city, of Union County, was declared bankrupt in 1882, and a com
T ax valuation, re a l....... 4,469,200
P O tic School B onds—
b
Tax valuation, personal. 548,850 promise of the debt exclusive of the water debt ($185,000) was forth
7s, M&N. $1,000..........1893
Total valuation 1891___ 5,018,050 with agreed to with most of the leading creditors at 35 cents on the
School H ouse B onds—
Total ta x (per $1,000)..........$2840 dollar, the debt, exclusive of water debt, then amounting to about
5s, A&O, $3,000..... 1893-1894
5s, J&J, 17,000....... 1896 to 1906 Population in 1890 was...... 13,028
$1,200,000. According to the agreement the compromise was not to be
INTEREST is payable at Passaic National Bank, Passaic, N. J.
considered a finality nor the assenting bonds canceled until the bond
The bonded debt given above is composed o f mortgage bonds, float
holders should consent. Interest, however, is paid promptly on the
ing debt, improvement certificates. On January 1,1892, the bonded
new bonds. Of the unassented bonds only $130,000 exclusive of
debt was 3-78 per cent of the assessed valuation, against 4-39 per cent
the water bonds remained outstanding in 1891. The water bonds were
in 1891, 4-24 per cent in 1890 and 5-50 per cent in 1882.
renewed in 1891 at 4 per cent, an agreement having been made in 1890
by which all accrued interest at 7 per cent was adjusted at the 35 per
P A S S A I C C O . — J o h n H. M o r r o w , Director.
cent rate. Interest on the water bonds is also prom ptly paid.
County seat is Paterson.
LOANS—
W hen Due. T ax valuation, real...... $2,459,965
LOANS—
W h en D ue. Bonded debt Feb. 1, ’ 93. $329,790
T ax valuation,personal.
377,950
A djustment B onds 1882—
Floating debt...............
45,000 4s, M&N, $460.825.. .Nov. 1,1922 Total valuation 1891... 2,837,915
B ridge B onds—
374,790
5s, . ... $32,790.........1893 to 1895 Total debt Feb. 1,1893.
Deductions for debts...
112,350
Subject to call at any time.
T ax valuation, re a l...... 38,215,452
Road B onds—
Bal. valuation ta xab le.. 2,725,565
W ater B onds R enewed ---5s, M&N, $200,000...M ay 1, 1895 T ax valuation, personal 6,539,810 4s, J&J, $185,000 .......
City ta x (per $1,000)---$17*90
($40,000 due y ’rly) to M ay 1, 1899 Total valuation 1892....44,755.262
9*60
Interest payable at City Treasury. Co. &State tax (p. $1,000)
5s, A&O, $67,000...... Oct. 1, ’93-4 Assessment about *3 actual value. Total debt May 1, 1892. ..$775,825 Population in 1890 was........ 7,105
5s, F&A, 30,000...... Aug. 1, 1895 T ax rate (after deductions)..$8'00 W ater debt (included)___ 185,000 Population in 1880 was........ 6,455
Population in 1890 was___105,046
Interest is payable in Paterson.
P A T E R S O N . —T
hom as
B e v e r id g e ,
Paterson is in Passaic County.
LO ANS,— In terest .— .
NAME AND PURPOSE.
Mayor.
,--------- P H n c ip a l. ---------
Series. Rate. Payable.
When D ue.
OutstancVg
M & N M a y,’95 to 1907 $125,000
City H all bonds...... 1892
5
i 1893 to 1895 ) 155,000
7
J &
School bonds.................... 2
' $3,000 yearly >
7,000
do
— .............. 3
7
J & D
1900
20,000
7
do
................... 6
J & D 1901 to 1904
25,000
5
do
................... 8
J & J 1892 to 1893
6
100
J & D Was due 1887
Funding debt.................. A
50,000
7
J & D 1892 to 1900
Funded debt................... 3
M & S 1892 to 1896
30,000
7
Sewer bonds................... 5
M & S 1893 to 1897
50,000
do
................... 6
7
1902
3,000
6
J & D
do
.................... 7
16,000
5
1902
do
................... 8
J & D
M & S
1902
30,000
do
.................... 9
5
5
A & o
1892
16,500
do
.................... 11
15,000
7
W ar bounty bonds........... 2
J & D 1892 to 1893
149,000
3
7
J & D 1S92 to 1900
do
do
...........
45,500
7
J & D 1892 to 1900
do
do
........... 4
M & N
30,000
1901
Renewal bonds............... B
6
6
F & A 1903 & 1904
60,000
do
............... B
D
1905
20,000
J &
do
............... (!
6
4*2 J & D
1906
58,000
do
............... D
4*2 J & D
1906
42,000
do
............... E
4
41,000
do
............... F
J & D
1907
4
J & D 1908 to 1916
100,000
do
............... G
4
32,500
do
............... H
J & D 1909 to 1911
4
1913
34,500
do
............... H
J & D
1914
4
85,000
J & D
do
............... 1
4
Sewer app ropriate bonds A
J & D 1900 to 1905
65,500
A & O 1908 to 1912
Pank bonds..................... A
4
125,000
1910
20,000
4
J & D
do
..................... B
PAR VALUE O F B O N D S -M o s t o f the bonds are fo r $500 each.
IN T E R E S T -W H E R E P A Y A B L E -In te r e s t is payable at the City
Treasurer’ s office.
T O T A L DEBT, SINKING FUNDS, E TC.-The subjoined statement
Bhows Paterson’ s total municipal debt and the city’s floating debt on
the 20th o f March of each o f the last three years.
1892,
1891.
1890.
Total funded debt.....................$1,257,600
$1,220,600
$1,240,600
Floating d eb t...........................
516,871
389,975
364,493
Total debt........................... $1,774,471
$1,610,575
$1,605,093
C IT Y P R O P E R T Y —The city owns property and other available
assets amounting to about $500,000.
ASSESSED V A L U A T IO N —The city’s assessed valuation (about
three-fourths of the cash value) and ta x rate have been as fo llo w s :
Years.
Real
Estate,
1891........ $26,081,691
1890........ 23,981,681
1889........ 22,266,675
1880....... 16,348,608
P e rs on a l
P ro p e rly .
$4,623,515
4,947,009
4,282,889
3,544,517
Total
Assessed V al.
Rate o f Tax
p e r $i,000.
$30,705,206
28,928,690
26,549,564
19,893,125
P O P U L A T IO N —In 1890 population was 78,347; in 1880 it
031; in 1870 it was 33,579.
$25*00
25*00
25*00
21*10
was 51,-
FREEDOM FROM T A X A T IO N —The city taxes none of its own
bonds.
P E R T H A M B O Y . —E. R.
P
ie r c e ,
Mayor.
This city is in Middlesex County.
LOANSCity B onds-
When Due.
T ax valuation, pers’nal. $106,000
Total valuation 1891... 2,663,225
58 and 6e, $120,900...1892 to 1899 Total ta x (per $1,000)..
$21-60
Total debt Mar. 1,1892. $120,900 Population in 1890 w as...... 9,512
T ax yaluatlon, real...... 2,557,225 Population in 1880 w as...... 4,808
S A L E M . —J. W.
A
cto h ,
Mayor.
Salem is situated in the county o f the same name.
LOANS—
When Due. T ax valuation, re a l...... $2,344,800
T ax valuation, personal, 1,839,900
W ater B onds58, J&J, $20,000....... July 1, 1896 Total valuation 1891... 4,184,700
5s, J&J, 20,000.......July 1, 1901 Property assessed about actual vaL
$12*40
5s, J&J, 20,000.......July 1,1906 I Tax rate (per $1,000)---Total debt Mar. 1, 1892.. $67,600 I Population in 1890 w as....... 5,516
INTE R EST is payable at the office of the Pennsylvania Mutual L ife
Insurance Co., Philadelphia, Pa.
S O M E R S E T C O U N T Y . — E. B. A l le h , Treas.
County seat is Somerville.
T ax valuation, person’l.$6,315,610
Total valuation 1892. .$20,890,061
Assessment is 2 actual value.
3
County ta x (per $1,000)........ $4*00
Surplus R evenue .
6s, Sept. . ..$47,818....... On call. Township tax (per $1,000)... 4*00
Total debt Jan. 13, 1893.$123,538 Average school ta x ............... $3*00
T ax valuation, real_ $14,574,442 Population in 1890 w as.......28,311
_
INTEREST payable at County Collector’s office.
LOANS—
County N otes.
When Due.
5s, va r...... $75,720___ On demand
S O U T H O R A N G E . —R. A.
H
a l l id a y
,
Treas.
This village is in Essex County.
LOANS—
When Due. T ax valuation, re a l...... $1,755,000'
W ater & Sewerage B onds—
T ax valuation,personal.
230,000
5s, ...., $62,000 ...............
1911 Total valuation 1891... 1,985,000
11*20
Bonded debt Mar. 1, 1892.$62,000 Total ta x (per $1,000; ..
Floating debt..................... 9,770 Population in 1890 w as........3,100
Total debt March 1,1892.. 71,770 Population in 1880 was........2,178
S U M M IT .—
P a r k e r W . P a g e , Chairman.
This township is in Union County.
Floating debt 6s,Feb. 9,’92.$60,000 Total valuation 1891.. .$1,314,500
Tax valuation, real...... $1,204,350 /Total tax (per $1,000)..
30*65
T ax valuation,personal.
110,150 |Population in 1890 w a s.......3,502'
T R E N T O N .—
Da
n ie l
J.
B ech tel,
Mayor.
Trenton is in Mercer County. The sinking funds are w ell maintained,.
and the water w orks are much more than self supporting.
,— Interest.- -- ^ ,---------- P r in c ip a l.
LO ANSNAME AND PURPOSE.
Rate. Payable.
When D ue.
Outstand'g.
4
7
4
4
4
4
4
4
F & A
M & N
F & A
Semi-an.
M & N
J & J
M & N
J & D
Feb. 1, 1894
M ay 1, 1894
Feb. 1, 1894
1896 & 1897
Nov. 1, 1903
July 1, 1911
M ay 1, 1905
June, 1913
$3,000
100,000
4,500
13,500
5,500
170,000
130,000
69,000
School district No. 34..... . 5
School house, 1873......... .. 7
do
1889......... . 4
5
Special school-h. loan...... . 4
do
do 1888. . 4
do
do 1888. . 4
Street loans..................... . 4
Trenton Institu te........... .. 4
Volunteers, 1864............. .. 6
Semi-an.
A & O
M & s
1891 to 1896
Oct. 8, 1893
Meli. 1, 1899
9,000
20,000
4,500
30,000
10,000
12,000
S.000
8,913
7,500
50,000
City cemetery, 1884....... ..
Delicienoy, 1874............ ..
do
..................... ..
Fire departm ent...............
do
1887..... .
Funding, 1881................. .
do
1885................. .
Park im provem ent......... .
Sc h o o l B o n d s—
So
1864............. ..
6
A
J
A
A
J
J
&
&
&
&
&
&
O
Oct. 1, 1897
July 1, 1908
Oct. 1, 1908
Various,’ 92 to ’99
July 1, 1894
J
D<>June 16, ’93-1903 )
f $5,000 yearly, s
i Feb. 9,1894-19.00 ?
F &
’ $10,000 yearly. 5
j
o
o
Ai
70,000
April, 1893.
TzmBYivfflifl—n m r o r s w i ,
LOANS—
— I n t e r e s t .— ----------------- P r i n c i p a l . --------->
NAME AND PURPOSE.
P a te . P a y a b le .
When I> u c .
O u t s t a n d 'g
CZJLAM
BERSBU BONDS, ASSUMED :
RG
Parka, 1888— . .............. 5
A & O
Apr., 1913
$13,000
Subject to call in 1898.
1905 & 1906
Redemption, etc............. 5 Semi-an.
36,000
Subject to call after 10 years.
L oans Payable by Special A ssessment:
F <e A Feb.,'92,’93,'94
f
38,987
Clinton Street, etc.......... -I
Warren & Front Sts.,1889..
4 A & O Oct. 15,1899
49,000
Sewer and drain certifies..
5Semi-au.
1891 to 1893
156,700
W a t e r Loans R e p o s t e d S e p a r a t e l y :
City water...................... 6
M AN
May 1, 1895
160,000
do*
-..................... 5
M Si N
June 1, 1898
5,000
Cbambersburg water, 1884 5
J i
J
July 1, 1894
2,000
do
do 1885 5
J 6c J
Jan. 1, 1895
11,000
do
do 1886 5
F < A
fe
Feb. 1, 1906
5,000
do
do 1886 5
J * J July 1, 1906
fe
7,000
do
do 1887 5
J A J July 1, 1907
20,000
IN T ER EST -W H ER E PAYABLE.-Interest is payable at Treas
urer's office in Trenton.
TO TA L DEBT, SINKING FUNDS, ETC.-Tlie subjoined state
ment shows Trenton's total municipal debt, the sinking fund held by
the city against the same, the water debt, and the city's floating debt
on the 1st of March of each of the last two years:
1892.
1891.
1890.
Fan. debt, payable from taxation.$.............. $840,943
$824,418
Fun. debt, payable by spec, assmt. ...............
244,757
179,182
Sinking funds.............................
*1.328.600 *1.085.700
524,614
325,092
Net funded debt on March 1..... ... $803,986
... $210,000
$760,608
$210,500
146,534
WATER WORKS.—The city's water*works, which are supplied by
water pumped to a reservoir from the Delaware River, had cost the
•ity to Feb. 1891, $650,134. In year 1890-91 they earned $91,563,
while their expenses were: For management and repairs $18,847; In
terest on hond.% $18,100; land and construction; $69,284, leaving bal
ance of $8,585.
ASSESSED VALUATION.—The city's assessed valuation and tax
rate have been as follows, property being assessed " at about one-half
actual value."
R eal
R e la t e .
P erson a l
P ro p erty .
D e d u c tio n s .
1891... . $21,455,863 $7,304,682
1990...
20,199,162 6.981.013
1889... . 19.702,074 5,993,173
1880... . 10,754.976 4,915,133
W E S T O R A N G E . — F e e d . W.
W O O D B U R Y .—
ClFman.
\
* X ei
R a te o f Tax
V a l u a t i o n . jxr$ 1000
W O O D S T O W N . —M. D.
* Thl* includes, in addition to real estate and personal property, the
poll tax and tax on dogs.
The tax rate in 1891 Includes city tax proper, $10*10; school tax
$3 05; county tax, $10*10; total, $17*50.
POPULATION.—In 1890 population was 57,458; In 1880 It was
20,910.
I I a l l i d a y , Director.
D ic k in s o n ,
Clerk.
This borough is in Salem County.
LOANS-
W atkr Works—
When Due.
41**,..........., $30.000........ 1912
Bonded debt Aug. 21, '92 $30,000
T at valuatiou, real....... 596.425
Tax valuation, personal. 574,150
Total valuation*1891....1,170,575
State ta x (per $1,000)...... $3*20
County tax (per $1,000)... 2*80
Borough tax (per $1,000)_ 1-30
Township tax (per $1,000)... *40
Average school ta x .......... 100
Population in 1890 was...........556
l Population in 1880 was........... 490
State of Pennsylvania.
ITS
......... $2-8,760,545 $17 50
1,484,959
25,695,846 .............
.........
.........
1750
873,678 14,796.431 15*00
U N I O N C O . — Sa m u e l
County seat is Elizabeth.
Sh e u m f ,
This town is situated in Essex County.
When Due. Tax valuation, real...... $2,671,650
LOANSR oad Bonds—
Tax valuation, personal. 291,800
7s, JAJ, $96,500.......July 1,1906 Total valuation 1891...... 2,963,150
7s, J&D, 74,000.......June 1,1902 State & Co. tax (per $1,000). .$6*20
Total debt Mar. 3 1892.. $170,500 Town tax (per $1,000)...........14 00
Sinking fund..................
52,000 Population 1890 was............ 4,358
Net debt Mar. 1,1892.... 118,500 Population 1880 was............ 3,385
INTEREST is payable at the Orange National Bank, Orange, N. J.
T AX FREE— A ll of the West Orange bonds are exempt from taxation.
236,522
1,000 ,000 .
T ea rs.
T O T A L D E B T, Et c .—T he total bonded debt on June 1,1892 was
$203,925; sinking fund assets, $12,485 ; net debt, $191,450.
ASSESSED V A L U A T IO N in 1891 of real estate was $3,068,350;
of personal property, $200,000; total, $3,268,350; total tax rate (per
$1,000), $21*20. In 1890 real estate, $2,651,800; personal property,
$174,650; total, $2,826,450. In 1888 total assessed valuation was
$2,456,650.
P O P U L A T IO N .—The population in 1890 was 11,665; In 1880 it
was 5,441; in 1870 It was 4,132.
CHAELES W ALTON, Mayor.
D. T. MATHEBS, Clerk.
Tills city is In Gloucester County.
LOANS—
When Due. Tax valuation, person’l. $451,100
W atek Bonds—
$1,003,600 4s, FA A. $60,000...... Feb. 1,1896 Total valuation 1892... 2,159,800
255,936 ($10,000 ev'ryS yrs.)toFeb.l. 1921 Assesa’tabt. 70or75p.o. aot’l value.
County tax (per $1,000)........ $4*40
Is, FAA.
1,1926
$747,664 Total debt$12,000......Feb. $72,000 City tax (per $1,000)............ 5*20
Jan. 1, 1893..
Average school ta x ............... 7*00
$310,000 T ax valuation, real...... 1,708,700 Population in 1890 was........ 3,911
$63,966
$73,478
8......
Floating debt (additional)...... . .. *121,583 $127,527
$132,384
CITY PROPERTY.—The total value of property owned by the city
in estimated at $1,643,492, including the water works, valued at
$
m
DEBT, RESOURCES, Etc.
Admitted as a State
One of Original Thirteen
Total area of State (square miles)
.
.
.
.
45,215
State C a p i t a l ...............................................Harrisburg
Governor (term expires 3d Tues. Jan, 1895) Robert E. Pattison
Secretary of State* (term expires Jan. ’95) Willis .n F. Harrity
Treasurer (term expires 1st Monday May ’94) John W . Morrison
Legislature meets biennially in odd years on the first Tues
day in January, and there is no limit to the length of the
sessions.
LOANSW*m D u e . Interest payable at Elizabeth.
D e f ic ie n c y B o n d s (fr e s h e t) —
V a l u a t i o n . «fc.—
5s, JAJ. #41,000 ___ 1893 to 1900 Total debt Feb. 1,1893. $515,000
6«. JAJ. 42,000....... 1901 to 1908 Tax valuation, real..... 27,209,675
- Appointed by Governor, and holds his office at Governor’s pleasure.
Tax valuation, person’l. 4,716,305
R o a d B < »»> • *—
Is, JAJ. $300,000 ...1901 to 1910 Total valuation...........31,925.980
H IS T O R Y OF D E B T.—No doubt Pennsylvania’s debt history is
walked to call after ten years.
County tax )per $1,000)
0*20
_
Population In 1890 was_ 72,467 more widely known than the debt history of any State in the Union
W t » !U oiin»& 7s, JAJ, $132,000/93 to 1900 Population In 1880 was... 55,571 Notoriety would perhaps naturally result from the national character
o f Home of the events which marked its progress; but the events and the
All bonds issued by this county are exempt from taxation.
U N I O N . — This town Is tn Hudson County.
LOANS—
W hen D u e.
School H ouse Bonds—
..... $24,000. ... Feb. 1, 1893
<$3,00oduc y'rly) to Feb. 1,1900
5s. ..... $2.000 .....Feb. 1,1901
+tm.
I
V a lu a tio n . rtr —
Bonded debt Mar. 20/92. $121,000
Floating debt ................
Total debt Mar. 2 0 . 1892.
18,679
139,679
Tax valuation, real...... 2,412,050
Tax valuation, personal. 174,100
S e w er Bonds —
5s........ $65,000.....Jan. 1, 1895 Total valuation 1892....2,586,150
($5,000 due y'rly) to Jan. 1. 1907 Tax rate (per $1,000)......... $24 00
Population 1890 was........10,643
Town H all Comsteitctioe—
5s. ..... $30,000..... July 1, 1893 Population 1680 was......... 5,849
($2,000 due y'rly) to July 1, 1907
W E E H A W K E N . — S imon K e l l y , Chairman.
This township Is In Hudson County.
LOANSWkms Due. I Total dsbt Mar. 15, 1892..$88,312
Road BO*DA—
Sinking fund................ $13,912
5s, semi an.. $29,000 .......... 1896 » t debt March 15, 1892.
74,400
5«, semi an.,
14,000..........1905 Tax valuation, real.2,456,600
SCHOOL Bonds'Tax valuation, personal. 128,950
5s. semi an.. $25,000........... 1901 j Total valuation 1891-----2,585,550
Sewer B**m >* Tax rate (per $1,000)—
$16*90
5s. semi an.,
15,000..........1905 Population in 1890 was........ 1,943
! P o p u l a t i o n in 1 8 8 0 w a s ............ 1 ,1 0 2
W E ST
H O B O K E N . — T homas N o la n , Treas.
This town Is situated in Hudson County.
LOANS
ITA»» D u e . \ < «. .TAJ. $27,000 ...... July 1, 1910
?
AwRMMRvr JUurns—
0., JAJ, 19,000....... Jan. 1,1911
7*. J*J. *17,80<)
Jsn. 1,1*1*9 • Sthbkt A ssessment Bosks —
6 * . JAJ. 24.000
July 1, 1900 5*. JAJ, $30,000...... Jan. 1,1896
fi-i.JAJ,
1,000 .... Jan. 1, 1897
to w s H ai.l Boso B
—
6a, J A J ,
10,000... Jsn. 1, 1900 I 5*. A A O , $12,000....... .Oct, 1803
6 ., J A J
.1,500
July 1, 1902
>$2,000 iluc yearly) to Oct, 1898
<6*. JAJ. 21,500____ J«n. 1,1908 |
INTEREST Is P »f»b l« at the First National Bank uf Hoboken.
Suite’s relation to them were made additionally conspicuous and given
wider currency in Europe as well as in America because of the embarassmont which followed the contraction of the debt. So onerous
indeed did the
charges at last become, and so deranged
the State
linances,
that there
was
no escape from the
suspension of interest payments. And as to a recovery from
that situation, it was seen to be simply impossible except through rigid
retrenchment and economy and a restored public sentiment sufficiently
enlightened to reorganize the repealod-tax system and to assume and
endure the burdens and sacrifices which resumption entailed. The
struggle for the State and people was for a time severe, and (the road
up and out of these difficulties narrow and tortuous, but the industrial
recovery of the Commonwealth, after reorganization had been effected,
was almost magical.
It was the Government system o f internal improvements that gave
the inception to Pennsylvania’s bond issues. Way back in 1789 some
o f the ideas which were executed later had their birth and first develop
ment. But the earliest loan appearing among the recorded items of
debt as published in 1838 was the one issued under the act of the
Legislature in April, 1821. It was not, however, until 1825 that the
Stiite undertook the more extensive works, and especially that of con
necting the Ohio River by canal and railroad with Philadelphia, which
work was completed and passengers and freight carried over the entire
line in 1834, the total cost being reported at 141 million dollars. Addi
*
tional internal improvements were undertaken during the same period,
chiefly lateral canals, the routes for whioh, as experience proved, had
been fixed upon, like so many Government jobs, more to benefit private
than public interests and consequently without judgment, while the
work itself was poorly and unskilfully doue. Altogether in these and in
other allied ways the bonded debt of Pennsylvania in 1836, as reported
by the State officials at that date, was found to have growu to the very
I large sum of $24,265,303.
64
ST/TC ftW CITY
But all this was as nothing compared with the disastrous policy which
the State entered upon in that same year. Indeed if a stop had been
made at this point in the internal-improvement system, and further
progress deferred until the productiveness o f the finished work had
been tested, the subsequent difficulties would have been avoided. The
State credit at that poriod was excellent—its 5 per cent bonds, the last
which had been negotiated, having been placed in London (21 million
2
dollars) at 114® 115. But the speculative spirit had been everywhere
aroused, and when the United States Bank, whose charter had just
expired and whose application for a renewal had just been refused by
Congress, offered tlio State a sufficiently large bonus for a charter, the
Legislature fell into the trap. The very first act in the drama was the
passage o f a law repealing the system o f taxes devised for the protection
o f the public credit and providing for the continuance and extension of
the public system o f internal improvements.
Subsequent events with reference to the United States Bank under
the 8t-«te charter and the speculation which it fostered are too w ell
known to need repeating here in any detail. O f course with the taxes re
pealed which ensured the payment o f interest on bonds, and with no
w ay of paying interest except through depreciated “ relief notes ” or
new issues o f bonds, and with work on internal improvements con
stantly in progress calling for additional borrowings, the end could not
be far off and was inevitable. In 1842, when the funded debt was
$32,674,356 and the debt o f all kinds was reported at $37,319,395,
and the outstanding “ relief notes” reached $2,220,265, interest pay
ments were stopped. In February, 1845, interest was resumed in “ re
lie f notes,” those notes being still the State currency, and the currency
therefore, in which the taxes were paid.
It should be added
that the amount of “ relief notes” reported outstanding in
1845 when interest payments were resumed was only $1,438,178
being a decrease from 1842 o f $882,087, or about 40 per cent. They
were retired rapidly from that date and the depreciation was not long
in disappearing. “ R elief notes” were issued under the authority of an
act passed M ay 4 , 1841, entitled “ A n act to provide revenue to meet
“ the demands on the Treasury and for other purposes.” The act
authorized certain banks to subscribe for a loan to the Commonwealth
“ to an amount equal to a fixed percentage” on their respective capi
tals, the amount of such loan to be placed in the Treasury for its use in
notes of said banks of the denomination o f one, two and five dollars.
Under another act passed in 1842, 6 per cent scrip was issued to the
creditors instead of money during the period in which interest pay*
ments were suspended. The “ R elief Notes” which appear in the debt
statement o f to-day are a remnant of the old and a later issue author
ized April 10,1849, none o f which are lik ely to be presented for p a y
ment.
The public was reminded by an incident in 1890 o f one other class of
facts of interest in connection with Pennsylvania's debt accumulations
and debt liquidation. We refer to a payment made to the State by the
Pennsylvania Railroad Company July 31, 1890, of $635,654 94, the
announcement being that the amount named covered the entire balance
o f principal and interest due the State for the purchase of the “ Main
Line.”
No doubt many have forgotten that in 1857, under an
act passed M ay 16 of that year, the Pennsylvania Railroad Com
pany bought the main public line o f improvements which we
have already referred to, made up of canal and railroad, between
Philadelphia and Pittsburg for $7,500,000. I t was the last of
the 5 per cent bonds deposited on that occasion that the railroad com
pany paid in 1890, the entire payments made to the State on that
account being $7,500,000 principal and $8,065,654*94 o f interest, or a
total o f $15,565,654*94. Another sale made by the State of its public
works was the lines sold to the Sunbury & E rie Railroad Company,
under an act o f A p ril 21, 1859, and by it re-sold to the Aellgheny
Valley Railroad for $3,500,000. Of the latter company’s bonds the
State still holds in its sinking fund $1,900,000.
The foregoing are all o f the facts and incidents which it is neccessary
to recall here except the single circumstance that in 1861, under the
act o f May 15, o f that year, a “ m ilitary loan ” of $3,000,000 was issued
by the State for War purposes. The details of the debt as it now exists
are subjoined.
LO AN S/ In terest .— , /
—
--------- P r in c ip a l, ---------,
Vol. LVI.
$14,167; United States 4 per cent consols, $3,000,000 at 116, $3,480,000, and cash, $183,883; total, $5,378,050.
The unfunded debt mentioned In the above table consists of relief
notes in circulation, $96,137; interest certificates unclaimed, $4,448 ;
interest certificates outstanding, $13,038, and bonds past due, upon
which interest has ceased, $48,889.
ASSESSED VALU A TIO N .—The value o f personal property in 1892
was $591,007,558. The valuation o f taxable real estate in 1889 was
$2,002,942,127; in 1888 the valuation was $1,840,433,540.
DEBT LIM ITA TIO N —In Pennsylvania the lim it to the indebtedness
o f the State, and the lim it to the indebtedness o f the cities and
minor c ivil organizations in the State, is fixed by the State Constitu
tion.
1.
State indebtedness.—With regard to the State, the regulations
controlling and governing debt creation, payment, &c., are found
in Sections 4, 5, 6,11, 12,13 and 14 o f A rticle I X of the Constitution,
and are as follows.
A r t ic l e IX , Sec. 4. No debt shall be created by, or on behalf of, the
State except to supply casual deficiencies of revenue, repel invasions,
suppress insurrection, defend the State in war, or to pay existing deb t;
and the debt created to supply deficiencies in revenue shall never
exceed, in the aggregate at any one time, one million o f dollars.
Section 5. A ll laws authorizing the borrowing of money by, and on
behalf of, the State shall specify the purpose for which the money is to
bo used, and the money so borrowed shall be used for the purpose speci
fied aud no other.
Sectio n 6. The credit o f the Commonwealth shall not be pledged or
loaned to any individual, company, corporation or association, nor
shall the Commonwealth become a joint-owner or stockholder in any
company, association or corporation.
Section 11. To provide for the payment o f the present State debt, and
any additional debt contracted as aforesaid, the General Assembly
shall continue and maintain the sinking fund sufficient to pay the
accruing interest on such debt, and annually to reduce the principal
thereof by a sum not less than tw o hundred aud fifty thousand dollars;
the said sinking fund shall consist of the proceeds of the sales o f the
public works, or any part thereof, and of the income or proceeds o f the
sale of any stocks owned by the Commonwealth, together with other
funds and resources that may be designated by law, and shall be
increased from tim e to time by assigning to it any part of the taxes or
other revenues of the State not required for the ordinary and current
expenses o f government, and unless in case of war, invasion or insur
rection, no part o f the said sinking fund shall be used or applied other
wise than in the extinguishment of the public debt.
S ection 12. Tlio moneys of the State, over and above the necessary re
serve, shall be used in the payment o f the debt o f the State, either
directly or through the sinking fund, and the moneys o f the sinking
fund shall never be invested in or loaned upon the security o f anything
except the bonds of the United States or o f this State.
S ection 13. The moneys held as necessary reserve shall be limited
by law to the amount required for current expenses, and shall be se
cured and kept as may be provided by law. Monthly statements shall
be published, showing the amount o f such moneys, where the same are
deposited, and how secured.
S ection 14. The making o f profit out o f the public moneys, or using
the same for any purpose not authorized by law, by any officer of the
State, or member or officer of the General Assembly, shall be a misde
meanor, and shall be punished as may be provided by law; but part of
such punishment shall be disqualification to hold office fo r a period of
not less than live years.
State loans in Pennsylvania, whether created for original indebted
ness or authorized to fund existing indebtedness, are usually negoti
ated through the Governor and Commissioners of the sinking
fund.
The last act of the Pennsylvania Legislature authorizing a public
loan was the act o f June 8,1881, when a thirty-year loan was effected
to fund existing indebtedness at a lower rate o f interest.
The earliest date at which the last o f the existing indebtedness o f
Pennsylvania w ill mature is February 1,1912, and under existing are
rangements the accumulations in the sinking fund w ill at that time
pay the total State indebtedness.
(2) C ou n ty an d M u n ic ip a l Indebtedness.—Under the laws o f
Pennsylvania the power to create county loans is in the Board of
County Commissioners, which consists in each county o f three persons,
elected tri-ennially under the m inority system of voting, by which
the minority party in each County usually has one member of the Board
In cities and boroughs the power to create indebtedness is vested in
councils, municipal debts being created by ordinance.
The creation of county, city and other municipal indebtedness is
subject to the follow in g constitutional limitations.
NAME AND PURPOSE.
P .C t. Payable.
W hen D ue. Outstand?g.
A rticle IX , Sec. 7. The General Assembly shall not authorize any
Agricultural College b’ds, ’72.r 6
F & A Feb. 1, 1922$500,000 city, borough, township or incorporated district to become a
county,
Funding loan, 1879 ................. 4 F < A Aug. 1, 1904 1.550,800 stockholder in any company, association or corporation, or to obtain or
fe
(Subject to call after August 1 1894)
appropriate money for, or to loan its credit to, any corporation, associ
do
1881............... r 4
F & A Feb. 1, 1912 4,521,250
do
1881............... r 3*2 F & A Feb. 1, 1912 1,642,900 ation, institution or individual.
Section 8. The debt o f any county, city, borough, township, school
Proceeds of farm sale, 1887... 6
Quar. ) ^ r e a s u r ^ 61 district, or other m unicipality or incorporated district, except as
17,000
herein provided, shall never exceed seven per centum upon the
Unfunded debt.............. ........Has ceased.
Past due.
162,512
assessed value o f the taxable property therein, nor shall any such
PAR VALUE OF BONDS.—These bonds are in pieces of $50, $100 municipality or district incur any new debt, or increase its indebted
and multiples of $100.
ness to an amount exceeding tw o per centum upon such assessed
INTE R EST—W HERE PAYABLE .—Interest on the Agricultural valuation of property, without the assent o f the electors thereof at a
shall
by la w but any
College loan is payable at the State Treasurer’s office in H arris public electionf in such manner as seven be provided o f such; assessed
city the debt o which now exceeds
per centum
burg ; on ail other bonds at Farmers’ & Mechanics’ Bank in Philadel valuation may be authorized by law to increase the same three per
centum, in the aggregate at any one time, upon such valuation.
phia.
Section 9. The Commonwealth shall not assume the debt, or any
T O T A L DEBT, SINKING FUND, ETC.—The subjoined statement
part thereof, of any city, county, borough or towuship, unless such
shows Pennsylvania’s total public debt, the sinking fund held by the debt shall have been contracted to enable the State to repeal invasion,
State against the same, and the State’s unfunded debt, on the 1st of suppress domestic insurrection, defend itself in time of war, or to
assist the State in the discharge o f any portion of its present indebted
December o f the years 1889,1890 and 1892.
ness.
Dec. 1,1892. Dee. 1. 1890. Dec. 1,1889.
Section 10. A n y county, township, school district or other munici
Total public d e b t..................... $8,394,462
$12,349,920 $13,856,971 pality incurring any indebtedness shall, at or before the time o f so
Sinldng funds.......................... 5,788,070
8,019,724
9,471,047 doing, provide for the collection o f an annual tax sufficient to pay the
interest, and also the principal thereof within thirty years.
N et debt..............................$2,606,392
$4,330,196
$4,385,924
(3) Townships an d School D is tricts . —In the various school districts
Unfunded debt (incl’d above).
162,512
134,220
134,221
Amount of debt redeemed......... *3,955,458
1,507,051
881,950 of the State the school directors have the power to create loans, sub
* In the foregoing table, under date of Dec. 1892 the amount of debt je ct to the limitations o f Section 10 above quoted, to provide for the
redeemed included the amount redeemed during 1891, $2,538,352 and redemption of the same within th irty years.
the amount redeemed during 1892, $1,417,106.
In townships, the only authority, except that o f the school directors
The sinking fund received during the year 1891 the sum o f to borrow money, is in the road supervisors, who have no power to
$2,177,847 84.
create bonded indebtedness, but simply to make a temporary loan for*
The sinking fund on March 1 1892 held the follow in g securities: necessary expenses, which must be provided for by an assessment o f
Allegheny Valley Railroad bonds, $1,700,000; interest on same, sufficient township ta x rate, known as road tax.
CITIES A > TOW
m
NS.
April, 1893.
POPULATION OF STATE. —Pennsylvania has a larger population
thau any other state with the exception ouly of New York, and the
absolute addition to the number of inhabitants during the last decade
was the largest without any exception—that la, while New York made
an Increase of 914.982, Pennsylvania made an even heavier increase
or 973.123. The Keystone State has shown a large ratio of growth
from the very first, and against a population of 134,373 in 1790 and
602*365 in 1800. in 1890 had a total of 5.258,014. It is a remarkable
fact, too, that the State has ranked second In population in all the Cen
suses except those of 1810 and 1820. In 1790 and 1800 it was out
ranked only by Virginia; in 1810 and 1820 it was outranked by both
Virginia and New York; In 1830 and every decade since then it has
been excelled only by New York.
1690......... 5,238,014 j I860.......... 2,906.215 I 1830.......... 1,:;
1880......... 4.282.891 1850.......... 2,311.786 1820.......... 1,047.507
810,091
In the 1860-70 decade the ratio of increase was 21*19 per cent, iu the
1970-80 decade 21*61 per cent, and in the 1880-90 decade 22*77
percent.
BANKS—NATIONAL, STATE AND SAVINGS INSTITUTIONS
65
investments. The following is section 17, which contains the invest
ment limitations; we would especially direct attention to subdivision
four of this section:
Section 17.—I t shall be lawful for the trustees of any savings bank
to invest money deposited therein only as follows:
(1.) In the stocks or bonds or interest-bearing notes or the obliga
tions o f the United States, or those for which the faith of the United
States is pledged to provide for the payment of the interest and the
principal.
(2) In the stocks or bonds of the Commonwealth of Pennsylvania
bearing interest.
(3) Iu the stocks or bonds of any State in the Union that has not
within teu years previous to making such investments, by such corpo
ration, defaulted in the payment o f any part of either principal or in
terest o f any debt authorized by any Legislature of such State to be
contracted.
<4i In the stocks or bonds of any city, county, town or village of
any State o f the United States, issued pursuant to the authority o f any
law o f the State, or in any interest-bearing obligation issued by the
city or county in which such bank shall be situated.
(■>) In bonds and mortgages on unincumbered, improved real estate,
situated in this State.
It will be noted that according to the foregoing (sub-division
four), Pennsylvania Savings Banks are allowed to invest their
deposits in the bonds and stocks of any city, county town or village in
any of the United States. Furthermore, by the fifth subdivision bonds
and mortgages are left to the discretion of the trustees in all purchases,
except that they must be first mortgages on Improved real estate in
j Pennsylvania. The following (Section 18) relates to the temporary
deposit of funds In banks and trust companies. The words we have
put iu italics seem to be out o f place, as there is nothing in the ‘Hast
preceding section ” with reference to the matter referred to.
—As the State with the second largest population, Pennsylvania
requires, as she posse****, extensive banking facilities and resources
The national institutions constitute by all odds the most Important ele
ment hi that regard, but the operations of theState banks are by no means
unimportant, while the loan and trust companies are increasing both iu
number and in the extent of their business. The figures below for
the State banks are taken from the annual report of the Superin
tendent of Banking, a new department created by the Act of June
8, 1891.
Section 18.—It shall further be lawful for any such corporation to
--------------1892.------------- v ------------- 1885.------------- - deposit temporarily in banks or trust companies, as provided in the last
N a tio n a l.
S t a ir .
N a tio n a l.
S ta te ,
PKjrMTLTUnx (D a e . 9, *92.) <Dee . 1, *92. {(Dec. 24, *85.) (jVor. 1, ’85.)
(Dec. 1,’92.» D e e .
’85.) (A'
Ko. of banks___
373
84
295
79
$#, 799,697 $61.16! 040 $7,940,323
Capital............ 671.1 *7.399
6arplns A profits. 46.454,053
3, 607,647 29,464 933
2,421,479
Dep*’*.. Individ*! 236,490,7**) 45,502,923 156,547 054 26,564,532
*
It will be observed that at the la e*t fiate there were 375 national
<
e* 5J
and 84 State banks, or 439 tr getber, and that th * 4 1 Institution*
ba<! aggregate deposit* of 6 * 1,!*93,693 again*t cnly $183,111,586
". 6
l
deposits in 1885, there being 364 nationsk anfi HUit© bank* at that
* 7,067 (ag alnxt $69, 104,J63 in 1885),
time), aggregate eapUal of #71),9 *
and 133,061,700 surplus and profit* (against $3
n addi
tion there were Dee. 1, 1892, according to the Superintendent of Bank
lag, 72 trust companies, with $89,530,104 deposits, $35,878,744 capital
and $18,357,998 surplus and profits. On September 1,1885, there
were, according to the United states Comptroller of the Currency*s re
port for that year, only 9 loan and trust companies, having $37,309,424 deposits, $8,373,000 capital and $5,780,868 surplus. With refer
ence to the saving* banks, it was impossible to get any trustworthy
returns before the organisation of the fitate Banking Department in
1891. The Bupertntendent of Banking reports 16 savings Institutions
In operation December 1, 1892. The following covers the operations
of these 16 banks. We furnish comparative figures for some of tbe
aarlier years, taken from the annual volume of the United Htat©<
Compt roller of the Currency. The fact that the figures for these earlier
years embrace only 4 or 5 banks presumably does not Indicate that
that wae all the banks there were, but simply that the Comptroller
could not. In the absence of official information from the State author!ties, get returns from more
1880.
1883.
1875.
1892.
(Sept. |4
(Oet.)
(Oet. 1.)
S a rings Bank*.
tin g * B a n k *.
(D e e .
(Dee. 1
4
of
16
4
Ko. < book* ....
135.033
HH.680
64.452
ho «»f depositor*
It)
,956 *83 $17,825,812
.417,791 $35,362,660
A n il o f deposit*
J.417,
2,362,998
3. 10.651
Surplus A orofit*.
1,681,434
,247
270
276
260
A t . each deposit
The total o f the** deposit*, at 66 million dollar*, looks small
alongside the aggregates for m ««t other State*, but doubtle** under the
new general law pnosed in 1889, and referred to further below, there
will in time be a more rapid extension o f the operations o f the savings
banks.
SAVINGS BANKS INVESTMENTS-POWERS AN D RESTRIC
TIONS.— Philadelphia D, we lielleve. Justly entitled to the distinction
of starting the first saving* Institution In tbe Unite*! States. The
same thl* association bore was the " Philadelphia Havings Fund
Society,"’ and It still exist*, bearing the same name. Originally the
hank was not incorporated, but was a voluntary organisation, such
•oelettes In Great Britain being at that time o f a like character. The
date o f the organization was November 27, 1816, and the bank was
opened for business December 2. 1816. Mr. Hutchinson, who, now
holds the office o f President,*tats* that, the oldest ledger o f the company
goes back to the time o f opening, and shows a deposit on that day
(December 2. 1818) o f five dollar*. The company was not lncorporated until February
1819.
lylranla, although engaged In such an early
It Is surprising that I
»g* Institution*, should have made
of i
▼nature in tbe depart it
wrtment since. Indeed, the second
so tittle progress In t!
organization doea not bear date until 1847. and we think there had
only been 10 mutual *a ring* institution* organized In the whole 8late
from 1816 down to the early part o f 1890. We may assume, however,
that thl* slow develop •ment was In no measure due to a lack o f desire
for savings bank* or i the part o f the people of that eominonwealth. That such lastitntlon* were sought and needed is
sufficiently evident fr>»m the fact that nine o f the ten com paid©* re
ferred to above repoi ted in 1890 that they held $63,057,341 of
deposit*. Probably tti e delay in the growth o f the «y*tem Is a legis
latlve secret, for all tlx i charter* of the ten companies were special,
and it was not until 18 *9 that a general law facilitating the organ!**tlon* o f savior* la*tit fttlons was passed. Indeed, the law o f 1889 1«
w ell adapted not only Ior facilitating, but for stimulating, the growth
• f the system. Its Infi uence in the latter direction would seem to be
assured under the lib ■ralitf o f the provision* o f the law respecting
preceding section o r this act, the excess of current daily receipts over
the payment*, until such time as the same can be judiciously invested
iu the securities named, and whenever it shall appear to the Auditor*
•leneral, or to any o f the examiners duly authorized to visit and inspect
tbe*e saving funds, that the trustees o f any such corporation are
violating tin-spirit or intent of the provisions o f this act, by keeping
permanently uninvested all or an undue proportion of the money
received by them, it shall be his or their duty to report the facts to the
Attorney-General, who shall proceed against such corporation as
provided by law. #
By the Act of June 8. 1891, the Superintendent o f Banking, instead
Cities , C ounties
and
T owns
IN THE
STATE OF PENNSYLVANIA.
A B IN G T O N .—
This township is in Montgomery County. Bonds to the amount of
$80,000 for macadamizing streets have recently been authorized by
popular vote. Population iu 1890 was 2,703 ; iu 1880 it was 2,185.
A L L E G H E N Y . — V . M. K e n n e d y , Mayor.
V
Allegheny Is situated In tho county of the same name. The only
bond- which the city will Issue this year w ill be a 4 per cun’ water loan
of $100,000 to refund the same amount of 7 per cent bonds falling due
on Jnly 11892.
LOANS—
• Interest .— . .--------- P r in c ip a l. --------- —
NAME AND PURPOSE.
Kate. Payable. When Due.
Outsland'g.
City property bonds......1874 6
J A
J July 1, 1894 $30,000
City park bonds............... 1886 4
J A
J July 1, 1906
15,000
do
do ..................... 4 A A O
. .. .
2a,000
light bonds............... 4
A A O
Municipal bonds....... ...... 1854 6
J A
J Jan. 1, 1874
do
do (renew.) 1880 4-6 J
& J Jan. 1, 188o
27,000
do
do
.................... 4 J
A J July I, 1906
13,000
do
do .................... 4
J
& J
---190,000
Renewal bonds ............1870 6
J &
J Jan. 1, 1890 , }
do
do
............1890 4
J &
J Jan. 1, 1910 117,000
Hkh er Bundh :—
Sewerage (gold interest) 1875 6
J & J Jan. 1, 1895
nS’ ooR
do
do
1876 6
J A J Jan. 1, 1896
22,000
ttancwal........................... 1883 4 b) J &
J Jan. 1, 1903
8,000
Refunding renewal......... 1880 41 M A N Nov. 1, 1900
,
Renewal
. . . . . . . . . . . . . . .,1881 4
J A
J Jan. 1, 1901
18,o00
du
.......
1881 4
J A
J July 1, 1901
62,000
Refunding renewal...........1881 4
M A N Nov. 1, 1901
0§ ’2!?2
Renewal
................... 1882 4
J A
J July 1, 1902
20,000
do
......................... 1883 4
J A
J July 1, 1903
50.000
Refunding renewal.......... 1883 4
M A N Nov. 1, 1903
£000
Renewal ......
1884 4
J A
J Jan. 1, 1904
75,000
sewerage bond*............... 18H7 4
J A
J July 1, 1917
50,000
8THKET IMPROVEMENT B o n d s :—
lo o n n
McClure Ave. renewal, 1880.. 48) J A J July 1, 1900
13,000
do
do
1884.. 4
J A J July 1, 1894
13, 00
,lo
do
1881
4
J A J July 1, 1901
13,000
do
do
1883.. 4
J & J July 1. * 903
a i'o o o
California A ven u e................. i
a a o
-•
Charles Street renewal, 1880.. 4 Si J & J J ,l)y J*
i l ’nnn
.In
a,,
4
J & J July 1, 1894
|3V
000
do
do
1881.. 4
j A J 3uly !■ 1901
i£ n n o
«
±]
I
I
.,,
do
■
1875
...............1 8 7 5
........1877*'
...............l i s a ; :
1886
1884!.
1887
...la s s .
6
6
5
l
4
4
4
4
m : 1, m « m40,000
i 1895
J A J Jan.
J A J July
J A J July
j a
j .m y
J A J July
A A O Apr.
J A J July
j a j jau .
1,
1
1895
1897
1 , 1903
1, 1906
1, 1914
1, 1917
1, m ©
35,000
40,000
6 4 ,0 0 0
20,000
132,000
100,000
1 7 5 ,0 0 0
Wharf renewal bonds, .i88 9.. 4 J A J July i , 1907
28,000
IN T E R E S T I* payable at the office o f T. Wlielen A Co., Philadel
phia and In Allegheny
T O T A L D E B T, S IN K IN G FUNDS, Et c . The subjoined statement
Show* Allegheny's total funded debt, the sinking fund held by the city
against the same, and the water debt on the first of January, 1893, and
on the first o f March, 1892 and 1890.
ts
STATE
66
Ja n. 1, ’93.
Total funded d e b t.................... $2,184,500
Sinking fu n ds.........................
397,240
A W
M a r. 1, ’92.
CITY SUfflEWEflT,
M a r. 1, ’90.
$2,184,500
397,240
$1,769,500
260,513
N et d e b t.................................. $1,787,260 $1,787,260
$1,508,987
$1,031,000
W ater debt (included above)____ $1,031,000 $1,031,000
T A X FR E E .—A ll bonds of this city are exempt from taxation.
W A T E R W O R K S .—Tlie total value o f the water department prop
erty is estimated at $1,799,642.
ASSESSED V A L U A T IO N .—The city’ s assessed valuation and tax
rate have been as follows:
Real Estate &
Person al
T ota l Assessed
C ity Tax
p e r $1,000.
V a lu a tio n .
Tears,
Im provem ents.
P ro p e rly .
$71,000,000
1893............................................................
1892
m
m
$ii,o6
69,500,000
1377
50,299,550
1890.’ . .'!.’ ."!” .'!! 48,900,025
’
$1,339,525
41,157,496
19-40
1880............................................................
P O P U L A T IO N .—In 1890 population was 105,287; in 1880 it was
78,682; in 1870 it was 53,180.
A L L E G H E N Y C O . — John A.
B ell,
Treas.
Pittsburg is tbe county seat. Compromise or riot bonds to the
amount of $15,000 were called for payment on January 1,1893.
LO AN SWhen D ue. 4s, J&J, $1,125,500...Jan. 1,1906
Compromise B onds—
Subject to call.
5s, J&J, $1,377,751...Jan. 1,1940 3*8s,J&J, 623,000.. .July 1,1895
Subject to call after Jan. 1, 1913
Subject to call at any time.
Court H ouse B ondsTotal debt Jan. 1,1893 $4,033,624
48, J&J, $300,000.... Jan 1, 1908 T ax valuation, r e a l...379,597,764
3^8, A&O, 500,000...Oct. 1,1906 T ax val., personal...... 42,117,851
Total valuation 1893. .421,715,615
R iot B onds551,959
46, J&J, $105,000.. .Jan. 1,1900 Populationin 1890 was
Subject to call at any time.
P A R V A L U E —Bonds are for $500, $1,000 and $10,000.
IN T E R E S T on the compromise bonds is payable at the Commercial
National Bank, Philadelphia; on the 4 per cent riot bonds by the
County Treasurer and at the office o f Townsend, Wkelen & Co., Phil,
adelphia; on all other bonds by the County Treasurer only.
A L L E N T O W N .—
Sa m
uel
D.
L
ehr
,
Yol. L V I .
B L A I R C O U N T Y . —M.
County seat is Hollidayshurgh.
LOANS—
When Due.
County B onds-
48 & 5s, J&J, $103,000..................
Interest payable at Co. Treas. office
B L O O M S B U R G .—
P
G r a f u is ,
Treasurer,
Bonded debt Mar. 1, *92 $103,000
T ax valuation 1891... 27,392,952
Population in 1890 was......70,866
Population in 1880 w a s......52,740
eter
H
arm an
,
Mayor.
Bloom8burg is in Columbia County.
LO AN S—
When Due. Interest is payable in Bloomsburg.
Town B onds—
Total debt 1892...........
$32,630
5s, F & A, $10,150, part yearly T ax valuation 1890___ 1,505,070
to Aug. 1,1908 Tax rate (per $1,000)..
$6*00
41 F & A, $22,480, part yearly Population in 1890 was....... 4,635
28,
to Aug. 1,1908 Population in 1880 was....... 3,702
B R A D F O R D .—
This city is in M cKean County.
LOANS—
When Due.
B uilding & F unding B onds—
6s, .... $14,000......
May, 1893
Water W orks B onds-
City tax (per $1,000) 1892..$12*50
...... 13*00
Average, school tax
Population in 1890 w a s
10,514
School D istrict B onds-
68, Dec. 1, $12,000... .Dec. 1, 1893 68, May 1, $9,700...........................
(due part yearly) to 1898
6s, Dec. 1, 20,000....Dec. 1, 1898
6s, Dec. 1, 25,000... .Dec. 1, 1903 6s, . ... $19,000..............................
(due part yearly) to 1904
Total debt 1892............. $71,000
T ax valuation 1891....... 2,228,688 Total school debt 1892... .$28,700
IN T E R E S T on the water works bonds is payable at the Seaboard
National Bank, N. Y.; on the school district bonds, due 1898, by City
Treasurer.
B U C K S C O U N T Y . — H e n r y B.
B
anes,
Treas.
County seat Is Doylestown.
LOANS—
County B onds—
W hen D ue.
4s, A&O, $10,000...... Oct. 1,1893
In t’st paid by Doylestown Nat. B ’ k
Total debt Jan. 1,1893.
$10,000
T ax valuation, real...... 35,339,118
T ax valuation, porson’l.$4,589,962
Total valuation 1892..$39,929,080
Assessment same as actual value.
State ta x ftior $1,000)........... $4-00
County tax (per $1,000)...... 3'00
Population in 1890 was......70,615
Population in 1880 was......68,656
Mayor.
C A M B R I A C O U N T Y -C. J. M a y e r , Treas.
Allentow n is the county seat o f Lehigh County.
County seat is Ebensburg.
When D ue. 5s, A&O, $69,200.................... 1899LO ANSCity B onds—
LOANS—
W hen D ue. T ax valuation 1892*..$20,000,000
4s, J&J, 30,000.................... 1903
T ax valuation 1880... 2,517,966
B ridge B onds—
7s, J&J, $21,000.... ............. 1897 Interest payable by City Treasurer
7s, J&J,
5 0 0 .... ..............1898 Bonded debt M ay 1 ,1891.$412,180 4s, J&J, $20,000............................ Population in 1890 was..... 66,375
Population in 1880 was..... 46,811
7s, J&J, 24,u00___ ..............1899 W ater debt (included)___ 110,200
Interest payable in Johnstown.
7s, J&J, 28,500___ ............. 1900 Floating debt..................
15,611 Bonded debt Jan. 1,1893..$20,000
6s, var. 21,680___ ............. 1893 Total debt....................... 427.791
r Property in this county was assessed tliis year at its actual value.
5s, A&O, 13,600.... ..............1899 Sinking fund assets.......
12,000
4s, A&O, 11,300.... ..............1901 N et debt M ay 1 1891...... 415,791
4s, J&J, 3 1,500.... ............. 1902 Value o f city property___ 507,178
a r-) t t o t T?
5E. T. A R N E Y , Mayor.
4s, J&J, 40,000.... ..............1903 T ax valuation 1891...... 14,689,605 O A - K L - . I o l - . n , . — \ j . e . E IN S TE IN , Treasurer.
4s, J&.T. 59,900.... ..............1904 City tax prop, (per $1,000)...$5*00
Carlisle is in Cumberland County.
4s, J&J, 50,000.... ..............1907 Population in 1890 was......25,228
LOANS—
When Due. Bonded debt Jan. 1,1893 $72,300
W atek Bonds—
Population in 1880 was......18,063
Floating debt................
2,000
G eneral P urposes—
7s, J&J, $11,000.... ..............1897 Population in 1870 was......13,884
74,300
5s, J&J, $7,400....... July 1, 1894 Total debt......................
3,070
4s, J&J,
3,400....... Jau. 1, 1897 Sinking fun d..................
A T rT“'/'~\YY'NT A
5 THEO, B U R C H F IE LD , Mayor.
71,230
Subject to call on 60 days notice. Net debt Jan. 1, 1893....
1 L / U i N a A .— ^ H. E. FERGUSON, Treasurer.
T ax valuation, real....... 2,555,563
4s, J&J,
5,000....... July 1, 1906
Subject to call on 60 days notice. T ax valuation, personal. 318,490
This city is in Blair County. W ater bonds for $220,000 are soon to
4s, A&O, 20,000....... Apr. 1, 1907 Total v dilation 1892... .2,874,053
be issued.
Assessment is ■ actual value.
*Subject to call on 60 days notice.
LOANS—
W hen Due. Net debt Apr. 1,1892.. $425,710
State tax (per $1,000)...
4*00
J udgment B onds—
T ax valuation, real, ’92.14,000,000 5s, J&J,
I mprovement B onds—
3*00
500....... July 1, 1895 County tax (per $1,000)..
4s, J&J, $150,000 ... .1901 to 1906 Personal property not assessed.
City ta x (per $1,000)---7*00
M arket H ouse B ondsWater B ondsAssessment abt. 2-3 actual value.
3*50
68, J&J, 18,000....... Jan. 1,1894 A verage school ta x .......
48, J&J, $259,000 ... .1901 to 1906 County tax (per $1,000)........$4 50 Int. paid by Carlisle Deposit Bank. Population in 1890 w as....... 7,620
Bonded debt Jan. 1,1893.$409,000 City ta x (per $1,000)................. 750
Floating debt................... 25,000 Average school ta x .................... 600
W. A. B A R G E R , Mayor.
Total debt........................ 434,000 Population in 1890 w as.......30,337 C A T A S A U Q U A . - J J. A. W IL L IA M S , Treasurer.
Sinking fim d ....................
8,290 Population in 1880 w as.......19,710
Catasauqua is in Lehigh County.
T AX FREE.—The bonds of this city are exempt from taxation.
LOANS—
When Due. T ax valuation, 1892.......1,489,720
C IT Y P R O PE R T Y .—The estimated value of real estate and per
Assessment about *2 actual value.
R efunding B onds48, A&O, $33,000.......May 1, 1909 County ta x (per $1,000)........$2*20
ion al property owned by the city Jan. 1,1890, was $722,128.
9*00
Int. payable at Treasurer’ s office. City tax (per $1,000).......
Bonded debt Mar. 1, ’ 92. $33,000 Average sclioo] ta x .............. 5*00
A R C H B A L D . —J. J. W i l l i a m s , President.
Floating d e b t................
5,488 Population in 1890 was........3,704
Total debt March 1, ’92...
38,488 Population in 1880 w as........3,065
This borough is in Lackawanna County.
LOANS—
When D ue. Bonded debt 1892...........$600,000
5 G E O R G E W O O D , M a y o r.
6s, J&J, $600,000.......................
T ax valuation in 1880
328,228 / - I T T a i\ / iiz > t t t d o t d t T U > C '
Interest payable in Archbald.
Population in 1890 w as.........4,032 Lv i l A 1V1 l D H j i i o d U JreCjr.— } e . j B LA C K , Treasurer.
This borough is the capital o f Franklin County. On Jan. 1, 1893, the
A R M S T R O N G C O . — G . H. F o s t e r , Treasurer. follow in g bonds were called for redemption, v iz .: borough bonds, 4*29,.
A&O, $1,600; electric ligh t bonds, 4310s, J&J, $400, and w ater bonds,
Kittanning is the county seat.
Series B, 4s, J&J, $1,300.
L O A N S .—
W hen D ue.
Interest payable in Kittanning.
B ridge B onds—
A ll bonds exempt from taxation.
LOANS—
When Due. Total debt Jan. 20,1893..$119,200
3^s, Mar., $34,000.. .Mar. 1,1894 Total debt Aug. 1,1891 . ..$77,649
T ax valuation, real....... 1,963,030
B orough B onds—
($6,000 yearly) to Mar. 1, 1899 T ax valuation 1891___$8,765,346 4Yjs, A&O, $44,900... .Apr. 1, 1919 T ax valuation, personal. 114,589
3^8, Apr., $10,000...Ain*. 1,1893 State and co. ta x pe£$l,000.$10*50
Total valuation 1892---- 2,077,619'
E lectric L ight B onds—
(Part yearly) to Apr. 1,1897 Population in 1890‘w a s ___46,747 4*3s, J&J, $9,600... .Jan. 1, 1905 Assessment is 23 actual value.
Ja il B ondsPopulation in 1880 w a s ___ 47,641 4s, ....... , 10,000....
1923 County ta x (per $1,000)........ $4*00
48, var., $21,649...............Various
Bond tax (per $1,000)........... 5*00
Optional 1894 and after.
Borough ta x (per $1,000)___ 4*00
W ater B onds—
4*28, J&J, $31,000......Jan. 1, 1919 Average school ta x ............... 8*00
A S H L A N D .— This borough is in Schuylkill County.
4s, J&J, $33,700... .Jau. 1, 1921 Population in 1890 w as....... 7,863
When D u e . Total debt in 1892......... $77,100
LO ANSO P T IO N A L -—An y of the above bonds may be called fo r payment
Street B ondsT ax valuation in 1891...1,350,000
48, Jan. 3, $29,000...Jan. 3,1899 Populationin 1890 was......... 7,346 at the option o f the council.
W ater B onds—
Population in 1880 w as........6,052
T A X FR EE —A ll bonds o f this borough are free from local tax and
4s, A&O, 28,100..... Oct. 1,1896
the 4 per cent water bonds are exempt from all taxation.
Int. payable in Ashland & Phila.
B E A V E R F A L L S . — S. C.
Thia borough is in Beaver County.
LOANS—
When D ue.
Mayor.
Interest payable in Beaver Falls.
B orough B onds—
6s,
4s,
4s,
5s,
Go rm ley,
V a lu a tio n , etc —
ann.,
$13,550.. .1897-1909 Total debt in 1892.........
$76,150
aim.,
39,600....................... T ax valuation 1890...... 3,932,062
semi-ann., 15,000, part-yearly. Population in 1890 w as....... 9,735
semi-ann., 7,500, part-yearly. Population in 1880 was....... 5,104
B E L L E F O N T E . —I.
This borough is in Center County.
LOANS—
When D ue.
R e fu n d in g B onds —
4s, $100,000...........................1933
Optional after 1903
Int. payable in Beliefonte & Phila.
M
it c h e l l ,
City Clerk.
Total debt in 1892..........$118,775
T ax valuation 1892........ 1,059,605
Total tax (per $1,000)...
15*00
Population in 1890 w as........3,946
Population in 1880 was....... 3,026
C H E S T E R . —J. R. T.
C o ates,
Mayor.
Chester is situated in Delaware County.
T ax valuation, real...... $9,751,655
When Due.
LO ANST ax valuation, person’l.
755,670
City B onds—
6s, J&J, $49,300. ...... 1896 & 1898 Total valuation 1892... 10,507,325
5s, J&J, 242,500. ... 1895-7-8 & 9 Total ta x (per $1,000) 1889.$10*00
4s, J&J, 11,000. . . . --------- 1897 Population in 1890 was---- 20,226
4s, J&J, 178,000. ... 1901 to 1904 Population in 1880 w as___14,997
Total debt Jan. 1, 1893...$480,800 Population in 1870 was---- 9,485
C H E S T E R C O .—W. B.
P
ennypacker
,
Treas.
The county seat is West Chester.
LOANS—
When Due.
County Certificates—
4s, A&O, $78,000........................
Total debt Jan. 1, 1893___ $78,000
T ax valuation in 1891 abt$500,000
T ax rate (per $1,000)........
2*50
Population in 1890 was___89,377
Population in 1880 was___83,481
mUMSYiVATl!*—CITIES /WB TO I'JS,
W
April, 1893.
C O A T E S V I L L E . —Johx Speakmax, Burgess.
PAR V A L U E O F BONDS.—Tlie water bonds are for $1,000 each ;
all other issues are for amounts arranging from $100 to $1,000 each.
IN T E R E S T on the 1887 loan is payable at the Keystone National
Bank of Erie, and at the Importer’ s and Traders’ Bank, N. Y.; on the
loan o f March 1, 1889, at the office of Coffin & Stanton, New York;
on all other loans by the City Treasurer.
T O T A L D E B T, S IN K IN G FU NDS, Et c .—T he subjoined statement
shows Erie’s total municipal debt and the water debt on the first of
January, 1893, on the first of Mar., 1892, and on the first o f July, 1891.
Ja n. 1, '93. ATa>\ 1/92. J u ly 1/91.
Tot. funded debt (inc’g water debt). .$923,700
$962,100
$987,400
553,012
553,512
Water debt......................................... 529,012
The sinking fund receives yearly a certain sum from the tax levy, not
exceeding 3 mills and not less than H o f a m ill on a dollar.
C IT Y P R O P E R T Y —The city owns the waterworks, school houses,
and other buildings, worth about $2,450,000.
ASSESSED V A L U A T IO N .—The city’s assessed valuation (about
two-thirds o f the cash value) and tax rate have been as follows :
This borough is in Chester County.
LO AN S—
When Due. I Tax valuation, personal.
17.805
REJTSW m ; Hi ■Nil—
Total valuation 1891___ 1,495,555
4s, JAJ, 176,960.....................1911
Assessment is % actual value.
Subject to m il a ttc t......— 1901 I County tax (per $1,000)........ $2-50
R t r v v ix o Stkebts —
I City tax (per 81.000)............ 6 00
4s. JJcJ. 819,3‘.h) W ith in 30 years ! Average school tax.............. 6-00
1
. 1-92. 8 :><;,2 siI |Population in 1890 was.......3,080
T ax valuation, real
. 1,477,750 |Population in 1880 was....... 2,766
INTEREST on the refunding ImhiiIs is payable l>y Townsend, Whelen
A Co., Philadelphia; on the street repairing bonds at the National
Bank o f Chester Valley, Pa.
WATER W O R K S .—The borough owns its water works; cost o f con
struction. 800,000.
C O L U M B I A . —S. A. Bockcs, City Clerk.
Colombia ia in Lancaster County.
LOANS—
W h e n D u e . j Net debt (last returns).. $135,000
F u n d in g BOND*—
i Tax valuation, real....... 2,500,000
5#. JAJ. $10.000-------- ------- 1899 |Tax valuation, personal. 140,000
I m pro vem ent B o s » |Total valuation 1890.. ..2,640,000
4*. AAO. #128.000....... 1902 A '04 I Total tax (per $1,000)........ $14 50
Total debt (last return) $150,000 ; Population iu 1890 was
10,599
8,312
ginking fund a s s et*........ 15,000 j Population in 1880 was
C O N S H O H O C K E N .— John
T otal Assessed Rate o f Tax
M u r r a y , M a yo r.
Couftbohmken i* In Montgomery County.
LOANS—
When Due. \Asses-un't abt. 50 p.c. actual value
G eneral I mprovement—
County tax (per$1,000)...... $1*50
5s. JAJ, 840,500....... July 1, 1911 Borough lax (per $1,000).... 6 50
8atdect to call after July 1, 1896
Average school ta x .............
67
Year8.
V a lu a tion .
p e r $1,000.
1892.................................................................$15,371,964
$24-00
1891
14,821,692
2600
1890................................................................ 14,214,195
2650
1889
14,088,436
2600
1880................................................................ 11,518,904
2300
P O P U L A T IO N .—In 1890 population was 40,634; in 1890 it was
27,737; in 1870 it was 19,646.
F A Y E T T E C O U N T Y . -B. L.
M il l e r ,
Treas.
County seat is Uniontown.
LOANS—
When Due.
4 00
Total debt Mar. 1. 1892.. $40,500 Population in 1890 was...... 5,470
Tax valuation 1891
$2,500,000 i Population in 1880 was....... 4,561
County Bonds~ D
8—
58, FA A, $1.000......
The borough pay* all taxes on It* bonds.
J a il Bonds—
INTEREST i* payable at the Tradesmen's National Bank.
4s, semi-an.,$70,000...
C O R R Y . —J. M. L a m b i n g , Mayor.
This city Is in Erie County. All the 6 per cent bonds o f this city have
been called for redemption and will be refunded at 41 per cent. I t is
*
expected that within a few months the entire debt will have been re*
refunded.
LOANS-
4s, JAD, $37,000....... $5,000y ’rly
Interest payable in Uniontown.
Past due Total debt Jan. 1,1893. $333,000
Tax valuation, re a l___ 30,463,919
8ix years Tax valuation, person’l 2,561,188
4s, FA A, 18,000.......
1893 Total valuation 1892.. 33,025,107
($6,000 due yearly) to 1895 Assessment about \ actual value.
Court H ouse Bonds8tate tax (per $1,000)........... $4-00
48, MAN, $207,000....
1893 County tax (per $1,000)....... 4-50
($9,000 due yearly) to 1915 Population in 1890 was......80,006
F R A N K L I N . —0. D. B l e a k l e y , Treasurer.
W
Arw D u e . Total debt (last returns) $122,000
6,000
Sinking fund*............
Rcrr*r»ixci Bond *—
116,000
4%*. JAJ $13,000 . July 1, 1910 Net debt........................
Subject to call July 1.1895 T ax valuation 1890...... 1,350,000
Total tax (per $1.000).
$29 50
6* ............. $ 100 ,00 0 . .......................... Population 1892 (local au
thority) ........................... 7,000
Subject to call at anv time.
Interest pait] n ( orrj and N. v. Population In 1890 v m . . . . 5,677
Population in 1880 was ... 5,277
Refunding bonds are tax free.
FUNDED DEBT—
C R A W F O R D C O .—
This city is in Venango County.
Interest is payable in Franklin.
Total debt A p ril 1, 1892. $33,900
Tax valuation 1892........ 1,622,564
($1,000 due yearly) to 1898 Assessment about 50* actual value.
Tax rate (per $l,000)in 1891 $29-00
R efunding Bonds—
Population in 1890 was....... 6,221
4s, MAN, $27,900........ May, 1901
Population in 1880 was....... 5,010
(Subject to call at any time.)
LOANS—
When Due.
B uilding Bonds—
4s, MAN. $6,000....................1893
County seat is Sffeadville.
H A R R IQ R T IR P
<JOHN A. FR ITC H E Y , Mayor,
n A n n l o D U n u . — \ A LF R E D T. BLACK, Treasurer.
Harrisburg, the capital of the .State, Is situated in Dauphin County.
A ll bonds maturing in 1893 are to be provided for by the issuance of
Intrffwt payable In MeadvIII**.
4 per cent 20-year refunding bonds.
t— *
v
IF T 17*
'* 6AMCEL 8. GULICK. Burges*.
LOANS—
— Interest .— . ,--------------- P ri n cip a l, --------------- »
U A N V I L L c . — \ B E NJAM IN H A R R IS , Clerk.
When Due.
Outstand’g.
NAME AND PURPOSE. Kate Payable.
This borough 1* In Montour County.
July 1, 1893
$103,800
J & J
Water bonds — .... 6
15,200
Jan. 1 ,1894,*95 & ’96
do
_ ..... 6
_
J A J
LOAN&—
W h e n D u e . | Intercut payable tn Danvilla.
July 1, 1894
22,400
c
do
— ___ 6
J iS J
W ate r Bonds—
|Total debt Jan. 1.1893 . $121,600
July 1, 1903
100,000
... 6
J Sc J
4*. JAJ. $1 10.900 ...
At call Tax valuation 1692____1,000.000
91,500
Jan. 1, 1904
..... 6
J Si J
Bom*! Gii itoxna—
j Population In 1990 was...... 7,998 j
July 1, 1904
7,600
do
— ___ 6
J Si J
4*. MAN. $13.700__ Nov. 1, 1912 Population tn 1880 was....... 8,346 i
241/200
Jan. 1, 1895
J Sc J
City bonds....... . ... 6
Subject to call at any time.
July 1, 1895/96 Sc ’97
87,000
.... 6
J Si J
—
63,500
Jan. 1, 1896
J
___ 6
J
37,700
D A U P H IN
C O . — G e o r g e I I . G r o v e , Treasurer.
... 6
J Sc J Jan .l. 1897,’9S,1903 & ’04
6,300
July 1, 1903 & 1904
J Si J
.... 6
County uat 1* Harrisburg.
55,500
J a n .1,1898/99 & 1900
J Sc J
.... 5
LOANS—
A mount. I Cash on hand about
$15,000
13,500
June 1. 1899
___ 5
J Sc J
County bond* .............. $202,000 jTax valuation 18 X9 _50,005,262
7,400
July 1, 1900
J Sc J
.... 5
Bonded debt Jan. 1,1891. 202,000 Population In 1890 was ...96.977I
60,000
Jau. 1, 1900
J Sc J
.... 4
Floating debt..............
17,654 , Population in 1880 was ... 70,148j
65,000
July 1,1920-6
do
....... .... 4
J Sc J
LOANS—
When D us.
« ---------w.------ —
y . i vt i bonds
4*. Dec 31. f 104,000....
......
I Bonded debt Jau.l /93
Total debt Jan. 1, 1*01..
[ Population in 1H70 was....60,740|
219,654
D E L A W A R E CO
$104,000
Tax Taj imt.n
j $,000,000
Population In 1090 was... .05,321
|Population In 1980 wax .. .69,607
B. F. C o m pt o n , Tieasurer.
County Meet i* Media.
LOANSf i n — e .• , fbmdeddebt Jan. 1 93 $438,500
JHH D u
-------11 -......
County f t o * r a—
. Tax valuation In I891..42,652,767
». A AO. $138,300 Out. 6, 1906 Population In 1890 w »* .. .74,693
Interest payable in Media.
\ Population In 1880 was .. .56,101
*T A C T / 'I N J
i WILLIAM BREIDELMAN. Mayor.
E./\5> 1 U I N . — ) J A MEM McCACLBY, Treasurer.
Easton is situated In Northampton County.
$65,000
LOANS—
When Due. I School Board Loan
Tax valuation 1892 ... 9,000,000
* 1r 1 i
4a. ssfni an., $25 ,000.1892 to 1925 Aftsmsmctit Is \ actual value.
HUto tax (per $1,000)..
$-4*00
S C H O O L Ij A
O JF2'60
4a, temi an., $0 * ,000 Y ’ rly to 1925 I County tax (per $1,000)
In ter**! pavul»I# by c ity Tr»' »*ur«*r. |City tax <pcr $1,000)...
6'50
6*00
Bonded debt Jan. 1,’93
$264,700 1 A virago school ta x ....
lin kin g fund
......
►,Mio ( Population 1890 was..........14,481
Net debt Jan. 1,1893
256.200 [ Population 1880 was...........11.924
TAX FREE. —A ll loan* o f this city are exempt from taxation,
C ITY PROPERTY—-The city owns it* electric-light plant.
WATER WORKS— The water works are owned by the Lehigh Water
Company.
Principal,
'hie.
*
$61,000
8,000
•492,700
•35,000
*20,500
•256.500
•50,000
* Free from State tax. as are all bonds held outside of the Common*
alth.
$1,019,800
40,396
S e t debt................................ $1,020,031 $1,032,837
$979,404
Tin- sinking fund receives yearly 3 mills on the dollar of the tax
levy.
C IT Y P R O P E R T Y .—The city owns a water works and other avail
able assets amounting to about $1,610,000.
W A T E R W O R K S .—The city’s water works are valued at
$1,500,000, the net earnings of which for the year 1889, after deduct
ing current and extraordinary expenses, were $35,856.
ASSESSED V A L U A T IO N .—The city’s assessed valuation and tax
rate have been as fo llo w s :
, , .
7
'
Total Assessed
V aluation.
{a g o
...................................... $20,412,135
,2 H * ...................
......................... 21,396,240
........................... 5,384,629
1 1894
,
1.
1.
1,
Oct. 1.
Jan. 1.
Mch. 1
,
Jan.
Sept.
Jan.
July
Total bonded debt................$1,060,400 $1,061,700
Sinking funds.............................
40,369
*.8,863
Year*
' O I XT
J CHARLES 6. C LA R K E , Mayor.
- f~\ 1 EL. — Jo. F. IIREV 1L IT E R , Comptroller.
Erie l« A tuated tn the county of the M
t
arne name.
. I h it r r e s t .—.
—
LOANSR a te P a y a b le .
NAMC A«0 PURPOSE
MA 8
wattar bond-. 18/2 (extend*d) 4
M Sc g
do
1873............. .. 7
J Sc J
Consolidation. 1st series.... .. 7
J Sc J
do
2d *M»rles....... 6
7
A A O
Improvement. 3d series.....
J Sc J
Refunding. 1887.............. ... 4
M A 8
do
18.89................
4
IN T E R E S T - W H E R E PAYABLE.—Interest Is payable by the
! Western National Bank o f Philadelphia.
T O T A L D E B T, S IN K IN G FU ND , E TC.-Tlio subjoined statement
shows Harrisburg's total municipal debt, the sinking fund held by the
city against the same and the water debt, in each of the last three years.
1890.
1892.
1891.
$572,100
$261,600
.$ ..............
City debt...........................
447,700
..................
800,100
Wate r debt.......... ......................................... .................
R ate o f Tax
p e r $1,000.
........
........
P O P U L A T IO N .—In 1890 population was 39,385; in 1880 it was
30,762 ; in 1870 it was 23,104.
HOMESTEAD.—
Homestead is situated in Allegheny Co.
Tax valuation 1891 — $2,003,354
Borough bonds................. $32,000 Borough tax (p’r $1,000)......... 8-00
School ta x ('per $1.000;......... 1(^9?
Water bonds.....................
was........7,911
School bonds.................... ^Z»999 Population in 1890 was........ 592
Bonded debt (last returns) .159,000 Population in 1880
68
ST/fcTE / W
H U N T I N G D O N C O .—
LOANS—
Comity seat
CITY 8 U fft£ M £ W T .
isHuntingdon.
M A H A N O Y C IT Y —
T ax rate 1801.....................$10-00
Population in 1890 was--- 85,751
Population in 1880 was_ 33,954
_
When Dae.
4s, var. $155,000........................
Interest paid by County Treas.
I N D I A N A C O .—A. C.
Brangheer,
Treas.
County seat is Indiana.
LO ANS-
When Due,
Co u n t v B onds —
4s, J&J, $80,000 semi unnua’ .
Interest payable in Indiana.
Total debt 1893................ $80,000
J O H N S T O W N . —J.
V a lu a tio n , etc.—
Tax valuation 1892...... $9,195,880
T ax rate (per $1,000)...
$18-00
Population in 1890 was
42,175
Population in 1880 was
40,527
D o w l in g ,
LOANS—
When Due.
H ighw ay & B ridge Bonds—
Old B orough B onds-
48,
, $14,(500..........................
River I rerovement Bonds—
5s, M&N, $40,000...... May l 1921
Subject to Call after M ay 1,1890
Comptroller
LO AN SCoun' ty B onds—
County seat is Mifiliutown.
When Due. I T ax valu’tn, peraonal,’ 92.$705,735
I T ax rate (per$l,000) in 1891..$8*00
.......
I Population in 1890 was___ 1(5,655
4 s,-------, $52,000
Interest payable by County Treas. [ Population in 1880 was___ 18,227
K E N N E T T S Q U A R E .Clerk.
-J . M
cM u l l in
, T
M c K E A N C O U N T Y . —L.
owd
58, J&J, $9,000..............................
P oor D istrict B onds—
Gr, J&J, $10,000............................
5e, J&J, 30,000.............
1896
M c K E E S P O R T .— T
Treasurer.
R ogers,
Interest payable in Snicthport.
Total debt Mch. 1,1892___ $49,000
Cash assets........................ 9,692
Tax valuat’n (pers’ l)’9^.$l,986,077
Population 1890 w a s ....... 46,863
Population 1880 w a s ....... 42,565
B ridge B onds-
V a lu a tio n , die.—
Interest payable in Jolinstown.
Bonded debt Mar. 1, ’ 92 .$184,000
City has no floating debt.
T ax valuation 1892.. .$11,789,000
Assessment is :fi actual value.
T ax rate (per $1,000)........... $5’00
Population in 1890 was.......21,805
Population in 1880 was...... 8,380
JUNI A T A C O U N T Y .—
J o h n W e b b , Mayor.
This borough is in Schuylkill County.
LOANS —
When Due.
Assessment is 23 the actual value.
Borough BondsState tax (per $1,000)......... $3 00
48, M&N, $14,400................ 1893 County tax (per $1,000)___ 4-00
Subject to call.
Borough tax (per $1,000)... 4*50
Interest pavable at Treas. office. A verage school ta x .............
7*00
Total debt Mch. 1,1893.. $14,400 Population 1890 was.......... 11,280
Tax valuation, 1893...... 2,307,150 Population 1880 was.......... 7.181
County seat is Smethport.
LOANS —
When Due.
This city is in Cambria County.
5s, J AD. $100,000......Ituie 1,1921
Subject to call after June 1,1901
Vol. LVI.
hos.
T
il b r o o k
Mayor.
This city is situated in Allegheny County.
LOANS—
When Due. Bonded debt Jan. 1,1892. $248,600
F unding Bonds—
Water debt (included) ... 102,000
4Djs, J&J, $42,000............. 1920 Sinking fund..................
15,000
R ailroad Compromise B onds— Tax valuation, 1891.......6,371,615
6s. J&J, $104,600............... 1907 Assessment about d>actual value.
Water B onds—
City & school tax (p.$l,000).$26-50
5s, J&J, $75,000.*............... 1911 Population 1890 was...........20,741
5s, J&J. 27,000.................. 1914 Population 1880 was.......... 8,212
Interest payable by City Treasurer. Population 1870 was.......... 2,523
* The water bonds due in 1911 are subject to call at any time on sixty
days notice.
Tliis borough is in Chester County.
LOANS—
B orough B onds—
W hen D ue.
6 s,
J&J, $35,100....... Jan. 1, 1894
5s, J&J,
6,487....... Jan. 1,1894
Int. payable in Kennett Square.
Total debt 1893................. $41,587
Tax valuation 1890........ ..632,170
Population in 1890 was........1,326
L A C K A W A N N A C O — D. W.
P
o w ell,
Treas.
County seat is Scranton,
N et debt 1892.............. $160,000
Valuation, re a l....... .. .22,874,928
56, J&D, $65,000......June 1,1901 Valuation, personal___ 2,631,882
5s, J&D, 75,000......Dec. 1,1913 T ax valuation 1892----25,506.810
Prison &
onds—
Assessment about *2 actual value.
5s, J&D, $60,000...... Dec. 1, 1915 T ax valuation 1890...$23,333,058
County tax per $1,000.
5 00
Bonds all optional after 10 years.
142,088
Interest payable bv County Treas. Population 1890 was..
Population 1880 w as..
89,269
Total debt Dec. 1, i892 .,$200,000
Sinking funds.................. 40,000
LOANS—
When Due.
Court H ouse B onds-
TAXES on the above securities are paid by the county.
L A N C A S T E R .—
E d w a r d E d g e r l y , Mayor.
Tills city is the capital o f Lancaster County.
LOANS—
- In terest .— v ,------------ P r in c ip a l. ------------—
NAME AND PURPOSE.
lla te. Payable.
When Due.
Outstand'g.
R elief fund.................... 6
Jan.
Apr. 1. 1905 to ’ 20
$13,000
W ater loan (re g .).......... 4
A & O Apr. 1 , ’93, to 1901
61,400
do
do ............. 4
J—Q
Apr. 1, ’ 95, to 1905
100,000
do
do ............ 4 J & J Jan. 1 ,’93, to 1918
125,000
do(coupon)............ 4
J—Q
Apr. 1, 1905 t o ’ 20
189,000
do
1892 ....... 4
. ...
189 7 to 1912
150,000
* These bonds are all in the sinking fund.
IN T E R E S T is payable in Lancaster.
T O T A L D E B T, Et c .—T he total funded debt (last returns) was
$876,958; sinking fund assets, $388,558; net debt, $488,400.
T A X FREE—A ll bonds of this city are exempt from taxation.
C IT Y P R O P E R T Y —The city owns its water works valued at $750,
0 0 0 and other buildings and available assets, besides the sinking fund
mentioned above, in all amounting to $1,022,461.
ASSESSED V A L U A T IO N —I d 1891 the total valuation was $13,260,180; tax rate (per $1,000), $17-50 Real valuation about $25,000,000. In 1889 total assessed valuation was $13,451,038; in 1880
it was $12,449,480.
P O P U LA T IO N —The population in 1890 was 32,011; in 1880 it was
25,769 ; in 1870 it was 20,233.
LANCASTER
C O .—
T h e o . H ie s t a n d ,
Treas.
M E A D V I L L E . —A t h e l s t o n
Gaston,
Mayor.
This city is the capital o f Crawford County.
*LOANS—
When Due. Interest is payable at City Treas’y.
Total debt Mch. 1, 1892.. $87,200
City B onds—
11,200
‘5s,
J&J, $2,500...... Jan. 1, 1894 Sinking fund..................
76.000
5s,
J&J, 1,000...... Jan. 1, 1899 Net debt Mch. 1, 1892,...
425s, J&J, 18,000...... July 1, 1902 T ax valuation, re a l....... 1,939,933
4s,
J&J, 13,900...... Mar. 1,1896 T ax valuation, personal.
85,055
4s,
J&J, 29,800...... July 1, 1901 Total valuation 1891___ 2,024,988
$42 00
4s,
J&J, 1 2 , 0 0 0 ...... Jan. 1, 1907 Total tax (per $1,000)...
9,520
4s,
A&O, 7.000...... Apr. 1,1907 Population 1890 w as___
* A ll but $19,000 of Meadville bonds are subject to call 5 to 10 year*
before maturity.
M E D I A . — 0. D. M.
B ro o m h all,
Treasurer.
This borough is in Delaware County.
Bonded debt Jan. 12. ’93.$100,000
LOANS —
When Due.
Ta> valuation 1893....$2,122,823
R egistered B onds$4-00
48, A&O, $6 a,000....... Jan. 1,1901 State tax (per $1,000)..
3-50
4s, A&O,
10,000......Oct. 1,1903 Co. tax (per $1,000)___
Boro’ ta\: (per $1,000)..
4 00
4s, A&O,
10,000......Oct. 1,1913
4*25
4s, A&O,
15,000..... Jan. 1 ,19i3 A verage school ta x ......
3*50
Optional after Jan. 1, 1903 Sinking fund ta x .........
Int. payable at Media by Co. Treas. Population in 1890 was....... 2,736
M ID D L E T O W N .—
This borough is in Dauphin County.
Electric light bonds to the amount of $25,000 were voted last year,
but the election has been aecLared illegal.
LO AN S—
When Due. I T ax valuation 1891----$1,347,430
4 p , A&O, $25,000....April 1, 1910 I T ax rate (per $1,000)...
$7 00
Interest payable in Middletown. |Population in 1890 was...... 5,080
M IF F L IN C O U N T Y .—
LOANS—
County B onds—
W hen Due.
4s, J&J and M&N, $107,500..........
Interest payable in Lewistown.
County seat is Lewistown.
V a lu a tio n , etc.—
T ax valuation 1891...... $4,000,000
Population in 1890 wa-s......19,996
Population in 1880 was......19,577
M O N T G O M E R Y C O .—
LOANS—
When Due. I
County seat is Norristown.
V aluation, etc.—
Co u n t y B onds —
|Tax valuation 1892. ..$75,443,880
4s, A&O, $77,000...Apr. 1, 1900 I Population 1890 was..
123,290
Interest payable in Norristown. |Population 1880 was..
90,494
County seat is Lancaster.
LOANS—
When D ue. InterestpayableatCo. Treas’. office.
County BondsTax valuation 1890..$108,000,000
48, A&O, $167,000. ...A p r. 1, 1901 State and co. tax per $1,000..$6*00
Subject to call at any time,
Population in 1890 was_ 149,095
_
Bonded debt Mch. 1, ’93. .$167,000 Population in 1880 was.. .139,447
T A X FREE.—A ll bonds o f this county are exempt from taxation.
L E B A N O N . — H. P.
M o y e r , Treasurer.
This city is in Lebanon County. In October 1892, 5 per cent 10-30
year refunding bonds were advertised but not sold, and time of sale
was extended.
$5,100
LOANS—
When D ue. Sinking fu n d ................
C it y B onds —
Net debt Mch. 11, 1892.. 221,100
5s, April, $45,700........................... T ax valuation, r e a l....... 8,070,400
Subieet to call at any time.
T ax valuation, personal. 289,050
W ater B ondsTotal valuation 1892___8,359,450
48, April, $180,500 ... Apr. 1, 1902 Assessment about 90 p. et. actual.
County tax (per $1,000)....... $1-50
Subject to call at any time.
Interest paid at City Treas’ r olliee. City tax (per $1,000).......... ..$3*25
Total debt Mch. 11, 1892. $226,200 Average school ta x ............... $3-50
Water debt included...... 180,500 Population in 1890 was%___15,000
L O C K H A V E N — G e o . W. M a s o n , Mayor.
This city is in Clinton County.
Total debt (last returnsi. .$240,597 I Population in 1890 was.......7,358
Floating debt (included). ..$38,597 | Population in 1880 was.......5,845
L Y C O M I N G C O . — County seat Is Williamsport.
Old bonds.......................$120,000 |Tax v a lm t’n (pers’I)’ 92. $3,481,035
New bonds...................... 126,000 |Population in 1890 was....70,579
M O N T OM C O U N T Y .—
LOANS—
County Bonds—
Cpunty seat is Danville.
W hen Due. I Tosfcal debt 1893.................*42.500
|T ax value, personal, ’9 2 ... 8 2 4/04
4 s ,___, $14,500..........part yearly. I Population in 1890 w as...... 1■•-,645
School Bond>—
v
Population in 1880 was-----15,468
4 s ,___, $28,000......... part yearly. |
N E W
C A
County.
LOANS —
S T L E . — N ew Castle is the capital of Lawrence
City F unding B onds-
When Due.
48, F&A, $50,000...........
1906
Subject to call at any time.
Interest payable at city treasury.
Total debt (last returns). $50,000
T ax valuation, re a l....... 4,206,692
N O R R IS T O W N —
Tax valuation, personal. $400,000
Total valuation, 1891___ 4,606,692
Assessment about 2*3 actual value.
City tax (per $1,000)........... $7-75
Average school tax.............
5'50
Population 1890 was........... 11,600
Population 1880 was.......... 8,413
H a r r y L. S u l l i v a n , Treas.
This borough is the capital o f Montgomery County.
LOANS—
When D u e . Bonded debt M ch.l, 1893.$14O,200
T ax valuation 1892........8,748,955
B orough B onds—(reg.)
4s, J&J, $63,900........ July 1, 1904 Assessment about 23 actual value.
State & Co. ta x (p. $1,000). $2-00
Subject to call at any time.
4s, J&D, $20,000...... June 1. 1907 Borough tax (per $1,000)... 6*50
Average school ta x .............
3-50
Subject to call at any time.
4s. J&D, $14,300....... Dec. 1, 1908 Population 1890 was........... 19,791
Subject to call after Dec. 1, 1893 Population 1880 was.......... 13,063
4s, J&J, $67,000....... Jan. 1, 1913
Optional after Jan. 1,1898
IN T E R E S T is payable at the Borough Treasurer’ s office.
April, 18‘J3.
f £N tl 6 YJ. VANIA—CITIES AND
$ w. G. HUNT, Mayor.
1 * • — f j . M. BE RRY,Treasurer.
This city is iu Venango County.
LOANS—
WAen Due. \5a,MAS, |36,000...... Sept. 1, 1002
City B u ild in g Bonds —
Bonded debt Jan. 1,1893. $97,500
d *jM A 8 ,$ >ept. 1 , 1895 Floating debt...........
’ -'iVioo
r:
••yearly) to Sept. 1, 1914 I Total debt Jan. 1, 1892.. 121
F ibk A larm _
a . .o w
I W ater debt (included)...
63,000
5e. J«feJ. $5<)0 .......... Jan. 15
T ax valuation 1891....... 1,955,560
OIL Oil Y B oko (.'GH B onds ....... _ actual value.
Assessment is l3 _ .................
5s. Ma s S H . immi
Sept. 1, 1893 [Co. and poor tax (perSl.OOO) $6 00
y« irl> ) to Svi*t. 1. Is09 ' It) tax (per S i.o iO)........ 17
! Avt-ra-'r scho.»l ta x ............... 10*00
5s. MAS, $27,000 ...Sept. 1, 1893 jPopulation in 1800 was.10,032
($3,000 due yearly) to Sept.l, 1901 Population iu 1880 was. 7.315
H I r
r i T V
O X F O R D . —J. A. W att, Treasurer.
Oxford is in Chester Count)'.
.L O A N S —
_
When Due. j Tax valuation, real......... $808,240
F unded Loan Bojcl
iu.iriun. p. rsonal.. 102,310
5s. J.vJ, $10.000....... Jan. 1 ,190u j Total valuation 1893....’ 910,550
- v m > Wa t e r B e d . B 0 XD8 — I Atftwwm’t within 15 actual value.
■ ih ', MA N'. $ 1 2 .imn». M a y
1 , 1910 County tax ■ - i - 1 .«> <
i
•> n____
4s, MAN. 27,500. May
1,1906 c ity tav i - r $1,000)........... 6*50
Total debt Jan. 1, 1*93----$49,800 Average school ta x .............. 4*50
Water debt (tneluded). ..
J population 1890 was............ 1,710
Sinking fund .....
5,300 |Population 1880 was.............1,502
—
4 4 , 5 0 0 Population 1870 was............1,151
A ll issaes o f bonds are exempt from taxation.
O P T IO N A L .- The bonds are all subject to call after five years from
date of issue.
IN T E R E S T 1* payable at the National Bank o f Oxford.
J E D W IN g. STU ART, Mayor.
P H I L A D E L P H I A . —' }>T.. M Thompson--- ptroller.
t m --------------- , com
Philadelphia, co-extenslve with the eounty o f the same name, la the
third city of the United State., haa an area o f over 130 square mile*,
ami includes a number o f place, which have almost the character of
aeparate towns. The county is under city control and Una no aeparate
d eb t iu the follow ing tabic the varioua issues of bonds tinder the
general heads. Taxed City Loan and Untaxed City Loan, are given in
the order of their dates o f maturity.
LOANS—
■ Interest.— , .-------------- P r in c ip a l. ------------.
—
NAME AND PURPOSE.
H a le
Three p. tt. loan, 1890-91,
•erie* A to T ............. 3
New funding loan, uertea
8 to Y....................... 4
Rewrrulr loan, aerie* A
to T ......................... 3
Serial loan, *er1ea A to
O .............. ...............
3
Taxed City Loan—
6
CouKolldatel .......
Coupon*............. .
6
Con*' dictated..........
6
do
...........
6
P a y a b le .
W hen O n e .
O n I s l a m ! 'a .
J Nov. 1,1900 to *19 j
MA Nj
J A
J A
j
A
l $4,600,000
j Dec.31*93 to 1904 /
.
J ) $i<mi.ooo yearly. {
bow.uoo
S Dec. 31, *02 to 21 t
J t $50,000 yearly. (
s Dec. 31,*03t o ’ 17 )
J >$175,000 yearly.
2,625,000
J A J
J A J
J A J
J A J
j A J
j A
J
July
July
Jun.
July
Jun.
July
1, 1893
1 1693
,
1. 1894
1, 1894
1, 1904
1, 1904
1. 000,000
66,400
2,500
21,900
69
In the above the water debt is included in the bonded debt, total debt
and net debt, as w ell as being stated separately in the last line.
The sinking fund holds the following securities: City loan, at par,
$23,033,600 1 1 (1 United States loan, at par, $1,613,000. The amount
11
of funded debt redeemed by the Sinking Fund Commission during the
year 1*92 was $1,485,700. Among the assets held by the city are
22,500 shares of Sunbury & Erie Railroad stock, par value $100 pe*r
share, or 45,000 shares of Philadelphia & Erie Railroad stock, par
value $50 per share, market value $32 50 per share, $1,462,500.
C IT Y P R O P E R T Y —The real estate owned by the city is valued at
$44,823,574, an increase over the appraisement of Jan. 1, 1892, of
$452,572. These figures do not include the value of the real estate held
by the board of city trusts.
ASSESSED V A L U A T IO N , Et c .—T he follow ing shows the annua1
payments to the sinking fund, amount of funded debt and outstanding
warrants, assessed value of property, and the tax rate, for years indi
cated. Property in this city is assessed at about 3± of it s actual value.
P a y m 'ts to
T ea rs.
S in k . F u n d .
1893....................
1892
..$591,240
.. 602,590
.. 611,090
.. 629,600
.. 630,100
.. 646,248
.. 660,986
Total M u n ic ip a l Assessed real and Taj.- rate
Debt Jan. 1.
P erson al YaluaVn. p e r $1,000
$55,050,160
55,340,614
57,365,558
56,777,370
57,942,935
58,778,213
58,840,045
62,589,678
64,131,362
72,264,595
64,390,463
45,093,247
32,763.899
21,356,759
$735,696,772
713,902,842
688,713,518
669,507,564
647,213,039
628,679,312
611,309,615
597,785,428
536,667,834
575,283,968
479,776,643
159,119,928
155,697,669
$18-50
18-50
18*50
18-50
18-50
18-50
18-50
18-50
2000
... 785,899
21 "50
... 519,197
18-00
1865....... ... 329,340
28-00
... 173.737
20-00
... 81.665
15-00
P O P U L A T IO N .—In 1890 population was 1,046,964; in 1880 it was847,170; in 1870 it was 674,022.
P H O E N IX V IL L E .
P. Z achus , City Clerk.
Tills borough Is iu Chester County.
LOANS—
When Due. Interest payable at Pheonixville.
M utKKT H ouse B o« i > :
r
Total debt (lastreturns) $188,000*
4 3-10s, A&O,
$3,500................. T ax valuation 1891.... 3,000,000
WaTkh Bonds:
Population 1890 was...
8,514
4>ss. AAO, 185.000 .OcL 1.1912
do
1880 was...
6,682
Optional after Oft. 1, 1897,
D IT T Q P T T D r
> H E N R Y I. GOURLEY, Mayor.
r i i 1 o O U r \ L x . — <E. 8. MORROW, Comptroller.
This city is situated in Allegheny County and is responsible indirectly
for more that half o f the county debt, which in January 1893, amounted
to $1,033,020. In 1880 the amount of capital invested in the iron
and Itod indtuftrletin this city was $25,190,000, against $52,000,000
500 j (estimated) for the year 1891. Pittsburg’s outstanding bonded debt
6
$9
............
31,100 l# given iu detail iu tho following table.
do
..........
6
1,400
—P r in c ip a l. --------- «
LO AN S- In,terest.—v
—
U xtaxkd Crrr LoanOutstand'g
NAME AND
Hale. Pay'ble. When Due.
Bountjr, No. 2.........
6
J A J
J dtj. 1. 189 4
3,2-12,100 City building PURPOSE—
A A 0 Apr. 1, 1910 $170,000
bond.*, refunded. 5
Defend, 1863...... .
6
J A J
Jun. 1. 1694
999,900 Funded debt bond*............... c 7
118,000
J A J July 1. 1909
I, 1895
Bounty, No. 3 _____
6
A
3.521.000
J
J
Jtin.
352,000
do
do ................r 7
J A J ■Inly 1, 1909
do
coupon .....
2,000
6
J A J
Jun. 1. 1895
121,000
do
do ................r 7
J A J Jau. 1, 1912
6
J A J
Jun. 1, 1695
Cheat nut 8t. Bridge .
85,000
115,000
J A D Juue 1, 1913
Defence. 1895____ .
6
J A J
Jun. la 1695
599.800 Funded debt imnrov. bonds.o 5
do
uo
do
r 5
J A D June 1, 1913 ’ ,288,000
Deficiencies*. 1862-64
6
j A J
Jun. 1, 1695
2.492.800
77,000
do
do
do .r 5
J A D June 1, 1912
Aiding volunteer*...... 6
1.008.800
J A J
Jau. l f 1896
63,000
4
J A D Dec. 1, 1915
School, No. 2 ..........
6
J A J
Jun. 1. 1896
1,019,900 Improvement bonds............. o 4
do
do ............. l*
J A I ) Dec. 1, 1915 3,671,700
Water, No. 2 ..........
6
976.400 Market bond*, refunded....... r 5
j A J
Jun. 1. 1896
25,000
A A 0 Apr. 1, 1910
Purdiiw. Is«D*t 6
210,000
J A J
£00,300 Municipal consol. bonds....... r 6g A A 0 Oct. 1, 1904
Jan. 1, 1897
down* Estate.
.0
J A J Jan. 1, 1913 1,074,000
Culvert, No. 2 ........
6
July 1, 1698
800,300 Railroad compromise bonds...r 5
j A J
713,000
5
do
do
do
J A J Jan. 1, 1913
Guaranteed ga*#......
6
980,200
j A J
Jan. 1. 1699
234,000
do
do
do . . 0 4
J A J Jan. 1, 1913
6
Park. No. I .............
4,019,200
J A J
Jun. 1, 1899
119,300
do
do
do ..r 4
J A J Jan. 1, 1913
Water and lee boat ..
Jau. 1f 1699
1,649,800 Water bonds.........................c 7
6
J A J
108,500
A A O Apr. 1, 1894
Guaranteed ga« .....
1,020,300
6
Jau. 1. 1900
j A
J
134,000
A A 0 Apr. 1, 1894
do
......................... r 7
Park, No. 2 .............
$1,985,000
6
July 1, 1900
j A
J
146,100
A A 0 Oct. 1, 1895
do
......................... 0 7
6
1H
South St. Bridge.....
July 1. 1 H 1
j A
J
98
97,100
A A 0 Oct. 1, 1895
do
.........................r 7
Water, No. 37
6
July 1. 1900
J A J
995.600
451,600
A A O Oct, 2, 1896
7
1f 1901
700.(88)
6
Palrmoiint Bridge
A
J
Juu.
J
686,900
A A 0 Oct. 2, 1896
7
6
Bouae of Correction
500.000
J A
J an. 1. 1901
J
40,500
A A O Apr. 1, 1897
do
.........................r 7
School, No. 3..........
Jun. 1. 1901
499*500
6
j A J
65,000
A A O Apr. 1, 1898
do
.........................c 7
Water, No. 46........
6
Jan. 1, 1901
2.122.000
j A J
A A O Apr. 1, 1898 2,327,000
do
.........................r 7
500.000
6
Jun. 1. 1902
Guaranteed gu«......
J A J
300,000
do
.........................r 6
J A J Jau. 1, 1908
425.000
6
Jun. 1. 1902
Police and culvert# .
j A
J
(c> Coupon bond*.
(r) Registered bonds.
Palrmoiint Bridge...
200.000
July 1. 1902
6
J A J
(g) Interest on the municipal consolidated bonds is payable in gold.
School, No. 50...... ..
1,000,000
July 1 1902
.
6
j A
J
Pire purpose* .......
200,000
Jau. 1, 1903
6
J A J
PAR V A L U E O F BONDS.—These bonds are in pieces o f $100 and
2,138,(88)
Grand A v. Bridge ...
6
Jan. 1, 1903
J A J
1,800,(88) multiples o f the same.
Park. No. 3.............
6
Jun. 1. 1903
j A J
T A X FR EE .—A ll issues of this city’s bonds are exempt from taxation.
6
Water. No. 54.........
970.000
Jan. 1, 1903
j A J
500.000
July 1» 1903
Centennial, No. 5 5 . ..
6
IN T E R E S T -W H E R E PAYABLE.—Interest is payable at the City
j A J
$225,(88) Treasurer's office in Pittsburg, at the Bank of America in N ew 5 ork
Ice boat. No. 5 6 ._ _
_
6
July 1. 1903
J A J
450,(8)0
6
J
Jun. 1 1904
.
House of Correetlon.
A
J
1,(881,(88) uucl at the office of Townsend, Whelen & Co. in Philadelphia.
Jau. 1. 190 l
School. No. 4 ..........
6
J A J
l,u< >0,000
Guarantee ga*.......
Jan. 1. 1905
T O T A L D E B T, S IN K IN G FU ND, Et c .—The subjoined statement
6
J A J
335.000 shows Pittsburg’s total municipal debt and the sinking fund held by the
July 1, 1905
6
Bridge*. No. 60 .....
j A J
499.400
6
.
Hewer*. No. 6 1 ......
J A J
July 1 1905
Police *ration* . . . .
150.000 city a gainst the same on tho 1st of February o f each o f the last four years.
Jan. 1. 1906
6
J A J
1893.
1892.
1891.
1890.
Regl-tert**! lo:m« overdue and yet outstanding........................ 26,400
......... ■
Hod r**i,’btrm l loam overdue and yet outstanding................... 43,620 Total funded debt
dud. water bouds)$l3.204,402 $13,204,402 $13,204,402 $13,203,402
Non-registered coupon* overdue and yet outstanding...............14,000
sinking funds........
4,041,800
3,741,800 3,542,090
3,170,597
PAR VALUE OF BONDS—Bond* are In piece* of $25, $50, $100
Net debton Fch. 1. $9,162,602 $9,462,602 $9,662,302 $10,026,805
and $1,000.
The city has no floating debt. The sinking fund receives yearly about
IN TER EST-W H ER E PAYABLE-Interest I* payable by the Farm
er*' A Mechanic#* National Bank, Philadelphia. Pa.
$400,000.
O E BT LIMITATION.—
Pittsburg’s debt is limited by State Consti
TO TAL DEBT, SINKING FUNDS, ETC.—Theeubjoinedstatement
•how* Philadelphia** total municipal debt, the winking fund held by the tution to 7 per cent of the assessed value o f real estate.
ASSESSED VALUATION.—
The city’s assessed valuation (about 80
elty again*! tho i«me. and the water debt, on the first of January of each
of the last three year*.
Bonded debt................
Outstanding warrant*
1893.
$53,988,045
1.06*2,115
1892.
$51,473.620
866,99 l
1891.
$50,579,320
786,238
Total debt-............
Sinking fund*..............
Other asset#................
$55,050,160
$*27,381,789
5,644,928
$55,340,614
$26,665,152
3,830,591
$57,305,558
$26,250,600
0,411,739
1893 ...
1892 ...
1891 .... ___$205,046,742
1890.. ___ 198,580,267
..
1889.. . ... 137,898,928
..
Total aa«ct*............
Net debt on January l*t
Water debt................ .
$33,026,717
$22,023,143
$30,195,713
$32,662,393
$24,703,105
$6,204,700
1886.... .... 129,881,096
1885.. .... 108,530,608
..
1884.. .... 105,404,720
..
$6,204,700
Year.
Real
Estute.
P erson al
P roperty.
$2,316,455
1,873,359
1,248,109
2,445,124
1,774,936
3,000,000
1,838,258
«r
Total Assessed Rate o f Tax
V aluation.
p e r $4,000.
$250,000,000
240,000,000
207,363,197
200,453,626
139,147,037
134,711.124
131,656,032
111,530,608
107,342,978
$12-00
15*00
15*00
18*00
13*00
16*00
STATE Aflf CITY SUf>fi£lVt£$T,
70
Vol. LYI.
P O P U L A T IO N .—Iu 1890 population was 238,017; ill 1880 it was
156,389; in 1870 it was 86,076.
---------- P r in c ip a l, --------LOANS—
# Interest .— .
—
When Due.
OtUstancVg.
NAME AND PURPOSE.
Rate.. Payable.
City improvement____1891 4*2 J & D
Dec. 1, 1911
$22,000
do
do ....1891
4Lj J & D
Dec. 1, 1916
23,000
Funding lo a n ............. 1886 4
J & J
P I T T S T O N . — E d w a r d B u r k e , Mayor.
July 1, 1896
15,000
do
do .............1886 4
J & J
July 1, 1901
15,000
This borough is in Luzerne County.
do
do .............1886 4
J & J
July 1, 1906
15,000
Floating debt..................
$1,285 Municipal building .. .1890 4
LOANS—
W hen Due.
F &A
Feb. 1, 1895
15,000
Total debt Mar. 1,1892---- 30,485
B orough B onds—
do
do
...1890 4
F &A
Feb. 1, 1900
20,000
58, M&S, $24,000...... Sept.1, 1903 Tax valuation, 1891..........747,482
do
do
...1890 4
F &A
Feb. 1, 1905
25,000
Subject to call after Sept. 1, 1893 Borough tax (per $1,000)...$21 *00
do
do
...1890 4
F &A
Feb. 1, 1910
30,000
4s, M&N, $5,200....... Nov. 1, 1900 Average school t a x ............ 24*00
T A X FR EE .—A ll bonds issued by this city are exem pt from taxa
Subject to call after Nov. 1, 1895 Population 1890 was........... 10,302
Bonded debt Mar. 1, 1892..$29,200 Population 1880 was.......... 7,472 tion, with the exception o f the consolidated loan issued in 1873.
IN T E R E S T on the 5 per cent bonds is payable at the Miners’ Savings
T O T A L D E B T, S IN K IN G FU ND S, Et c .—T he subjoined statement
B ank; on the 4 per cent bonds at the Treasurer’s office, Pittston.
shows Scranton’ s total municipal debt and the sinking fund held by
the city against the same on the first o f October o f each of the last
P L Y M O U T H — A . K. D e W t t t , Treasurer.
three years.
1892.
1891.
1890.
ThiB borough is in Luzerne County.
$516,500
$533,000
LO AN S—
W hen D ue. Total debt Mar. 1,1892... .$38,300 Total bonded debt...................... $605,000
Floating d e b t............................. None.
175,129
138,832
Coupon B onds —
T ax valuation 1892........... 717,716
5s, A&O, $36,200... .Oct. ’ 93 to ’07 Population 1890 was.............9,344
Total municipal debt............ $605,000
$691,629
$671,832
Interest payable at Plymouth.
Population 1880 was.............6,065
Less sinking funds, &c............. 158,017
226,254
173,589
P O T T S V I L L E . - G . A.
B ernet,
Town Clerk.
Pottsville is in Schuylkill Coimty.
$12,495
Floating d eb t...............
LOANS—
When Due.
F u nding B ondsTotal debt Apr. 1, 1892.
80,495
46, A&O, $15,000...........
1895 Tax valuation 1 8 9 1 .... 4,182,090
4s, M&N, 20,000...........
1897
Asscssm’t about ki actual value.
4s, M&N, 33,000..........
1911 State & Co. ta x (per $1,000). $7*00
T e m p o r a r y L oan Borough tax (per $1,000).. .$10*00
58, ---- , $12,000...........In 1 year. Average school ta x ............... $8*00
Int. is payable at Boro’ Treas’y.
Population 1890 w as......... 14,117
Bonded debt Apr. 1/92.
$68,000 Population 1880 was......... 13,253
A ll o f these bonds bear a State tax.
O P T IO N A L .—The bonds are all subject to call after five years from
dilate of issue.
THOMAS P. M E R R ITT , Mayor.
JOHN P. LANCE, Treasurer.
Reading is the County seat of Berks Coimty.
R e fu n d in g W a t e r B onds LOANS—
When Due.
48, J&J, $57,500.......Jan. 1,1900
F u nd ing B onds—
4s, A&O, $99,000...... Apr. 1, 1903 4s, J&J, 20,000.......Jan. 1.1905
Subject to call after Jan. 1,1895
4s, A&O, 200,000...... Apr. 1, 1918
Subject to call af’r Apr. 1, 1898 4s, J&J, $63,000....... Jan. 1, 1906
Subject to call after JaD. 1. 1896
4s, A&O, $40,000...... Oct. 1, 1899
4s, J&J, $125,000...... Jan. 1, 1919
R e fu n d in g B ondsSubject to call after Jan. 1, T904
48, A& 6, $100,000.. .A p ril 1, 1913
4s, J&J, $200,000...... July 1, 1920
Optional after A p ril 1,1903.
~s, . ...
75,000..........................
IN T E R E S T - W H E R E P A Y A B L E .—Interest is payable at the office
o f the City Treasurer.
T O T A L D E B T, S IN K IN G FU N D S, E t c —T he subjoined state
ment shows Reading’s total municipal debt, the sinking fund held by
the city against the same, and the water debt, in each of the last three
years.
1892.
1891.
1890.
Bonded debt (including water debt).. .$1,089,500 $979,500 $990,176
160,490
Sinking funds.......................................
165,000
39,019
R E A D IN G .—
N et debt............................................... $924,500 $940,481 $829,686
W ater debt (included above).............
........ $465,500 $470,500
T A X FREE-—A ll issues of the city’s bonds are exempt from taxation.
C I T Y P R O P E R T Y .—The city owns its water works, valued at
$1,250,000, real estate worth $225,000, and other property to the
amount of $101,194; making a total o f $1,576,194.
ASSESSED V A L U A T IO N .—The city’s assessed valuation (about
two-thirds o f cash value) and ta x rate have been as fo llo w s :
Real
P e rs o n a l
T ota l Ass'cl Rate o f Tax
N et debt.................................$446,983
$465,375
$498,242
H ie sinking fim d holds city bonds of the consolidated loan to the
amount of $97,000 and $50,000 o f the 4*2 per cent city improvement
loan.
ASSESSED V A L U A T IO N —The city’ s assessed valuation (about onethird cash vale e) and tax rate have been as follow s :
Real
P e rs on a l
T otal Assessed Rate o f Tax
Years.
Estate.
P ro p e rty .
V a lu a tio n , p e r $1,000.
1892.......... $17,545,388
$1,067,385
$18,612,773
$27*63
1 8 9 1 .1 6 ,7 6 3 ,6 0 9
1,282,705
*18,046,314
26*90
1890........... 15,196,294
*1,189,540
16,385,834
........
97,934
4,680,805
.......
1880........... 4,582,871
*This amount includes occupations as w ell as other personal property
The ta x rate for 1892 includes coim ty tax, $5*13; city tax, $12*50:
school tax, $10*00.
P O P U L A T IO N —In 1890 population was 75,215; in 1880 it was 45,
850; in 1870 it was 35,092. A local estimate for 1892 makes the city’ s
population 80,000.
T
CGEORGE H. ANDERSON, Burgess.
lO L V - L / l l i I . — \ WM. M IL L E R , Treasurer.
Sewickley is situated in Allegheny Coimty.
LOANS—
When Due. T ax valuation, re a l...... $2,205,050
T ax valuati’n, personal.
220,000
St r e e t I m p . B onds—
T ax valuation 1890........ 2,425,050
4^28, F&A, $4,000...................
Assess’t ab’t 23 actual value.
(Subject to call at any time)
State tax ($1,000) in 1891— $4*00
W a t e r B onds—
4*2S, A&O, $60,000...Apr. 1, 1903 County tax (per $1,000)........ 1*75
4s, A&O, 15,000...... Oct. 1, 1895 Poor tax (per $1,000)........... *50
Total debt Mar. 1,1893.. .$104,000 Boro’ tax (per $1,000)......... 6*00
Water debt (included)........ 75,000 Average school ta x .............. 4*00
Sinking fund..................... 16,000 Population in 1890 w as........2,750
N et debt Mar. 1,1893........ 88,000 Population in 1880 was........ 2,053
IN T E R E S T is payable at the First National Bank of Allegheny.
C IT Y P R O P E R T Y .—The borough owns a water plant and other
available assets amounting to about $130,000.
o L W
S H A M O KLIN. —
This borough is in Northumberland County.
R e fu n d in g B onds—
4ios, M&N, $6,500.........................
B oroug h P urposes —
A & O , $6,000....Oct. 1, 1894 4s, M&N, 10,000... .May 1, 1895
8s,
4s, J&J, 7,000.... July 1,1899 37 J&D. 6,000___June 2,1896
4s, F&A, 8,0 00 ....Aug. 6, 1899 T otal debt 1892................ $51,100
Population in 1890 was...... 14,403
4s, M&N, 7 ,60 0....Nov. 1, 1899
I NTE R E ST on all the bonds is payable at the office of the borough
treasurer.
LOANS —
When Due.
4 1 2 s,
Years.
Estate.
Pro p e rty . V a lu a tio n , p e r $1,000.
1891........................$38,096,325 $2,033,915
$40,130,240 $14*50
S H A R O N —A. M c D o w e l l , Treasurer.
1890...............................................................
26,527,133
9*45
1889....................... 23,910,568
136,935
24,047,503
......... This borough is in Mercer Coimty.
1880....................... 17,397,467
569,441
17,969,908
.........
LOANS—
When Due. T ax valuation 1892...... $2,500,000
The tax rate as given fo r 1891 includes State tax $3; coimty tax
Assessment is ^ actual value.
B orough B onds—
$2*50; city tax proper $5, and school tax $4.
5s, M&N, $49,000...... M ay 1, 1905 Coimty tax (per $1,000)........ $3*00
City tax (per $1,000)............ 9*00
St r e e t I m po v e m e n t B onds—
P O P U L A T IO N .—In 1890 population was 58,661; in 1880 it was
41 , M&N, $10,000...Nov. 1. 1898 Average school ta x ............... 8*00
qs
43,278 ; in 1870 it was 33,930.
Total debt Mar. 1893. . . . $59,000 Population in 1890 w as........ 7,459
R E N O V O .—
Johm Sm
it h
,
Treasurer.
This borough is in Clinton Coimty.
LO AN S—
W hen D ue. I Interest payable in Renovo.
W a t e r B onds —
|Total debt Mar. 1,1893.. .$50,000
4*28, J & J , $30,000. ..July 1, 1906 I Tax valuation, 1892.......... 437,998
4 1 J & J , 20,000.. .July 1,1896 |Population in 1890 was........4,154
ss,
S C H U Y L K I L L C O .—
County seat is Pottsville.
LOANS—
W hen D ue.
4s, A&O, $134,000....Apr. 1,1909
3s, J&J, 275,000....July 1, 1919
3s, M&8,
21,900....Sept. 1, 1921
A ll bonds exempt from taxation.
Interest payable in Pottsville.
Bonded debt Jan. 1, ’ 93.. .$430,900
T
hos.
P
epper
,
Treas.
Floating debt............... $147,OHO
T ax valuation 1892___ 48,740,129
T ax rate (per $1,000)..
4*50
Assessment abt, 60 p.c. actual val.
Population in 1890 was.. .154,163
Population in 1880 was... 129,974
C p D
A Tn 'T ’ O T sJ
J
5j * H. FELLOW S, Mayor.
1
.— \ j . GEORGE E ISELE, Comptroller.
This city is in Lackawanna Coimty. The balance to the credit of the
c ity’s general fund is sufficient to meet all outstanding warrants and
provide for a ll existing contracts under way. The city has no floating
debt this year.
/ Interest .— - ,----------- P r in c ip a l. ----------- ■
—
,
LO AN SRate. Payable.
NAME AND PURPOSE.
When Due. ■ Oulstand-g .
Consolidated loan___ .1873 7
J & D
June 1, 1893
$219,000
do
2d series. 1876 6
J & D
Dec. 1, 1896
100,000
July, 1893 to ’ 96 '
C ity Improvement... .1886 4
J &
6,000
$1,500 yearly.
July, ’97 to 1906
do
do
.1886 4
J &
20,000
$2,000 yearly.
* {
July 1, 1907-’ 16
do
do
___.1886 4
j & j )
35,000
$3,500 yearly. (
.
do
do
.1891 4*2 J & D
Dec. 1, 1901
22,000
do
do
..1891 4*2 j & D
Dec. 1, 1906
23,000
(
O P T IO N A L .—A ll of the above bonds are subject to call at the option
o f the Council.
S H A R P S B U R G . —C. H.
W
arm er,
Treasurer.
Sharpsburg is in Allegheny County.
LOANS.
When due. Total debt M a rc lil, 1893..$65,500
Tax valuation, real...... $2,500,000
W a t e r B onds—
600,000
5s, M&S, $50,500......Semi-annual. T ax valuation,personal.
Total valuation 1893... 3,100,000
E lectric L ig h ts —
5s, Nov., $15,000....... P art yearly Population in 1890 w as....... 4,898
IN T E R E S T on tlie water bonds Is payable in Philadelphia; on the
electric bonds in Pittsburg.
S H E N A N D O A H .—
Schuylkill County water bonds to the
amount of $95,000 have been authorized by vote.
LOANS—
When Due. j T a x rate (per $1,000)......... $3'50
5s, F&A, $22,100.... Aug. 31. 1896 Population in 1890 w as.......15,944
5s, J&D,
7 ,0 00 ....Dec. 31, 1896 I Population In 1880 w as.......10,147
SOUTH
gess.
B E T H L E H E M . —M .
Bunker,
Bur
This borough is in Northampton County.
LOANS—
When Due. Total debt Mar. 1,1893.. $119,500
P e r m a n e n t Str e e t I m p . B onds . T ax valuation 1891........ 4,486,000
4s, A&O, $15,000...... Apr. 1, 1919 Assessment abt. 66 p. c. act. value.
4s, A&O, 15,000...... Apr. 1, 1920 State ta x (per $1,000).......... $3 50
4s, J&J,
5,000..... July 1, 1921 County tax ($1,000)............. 2 50
4s, J&J, 15,000......July 1, 1922 Borough tax (per $1,000)---- 5 50
Average school ta x ............... 5 50
R e d e m pt io n B onds48, F&A, $69,500...... Aug. 1, 1916 Population 1890 was.......... 10,302
O P T IO N A L .—A ll the above bonds are subject to call fifteen years
after date o f issue, at the option o f the borough.
April, 1893.
DEM W ^TtE—DEBT
S O U T H C H E S T E R . — C. B. H o u s to x , Burgess.
Of
71
STATE.
618; to meet which there is the sum o f $109,134, composed of sinking
funds, cash and money due the city, all of which is to he applied
This borough is in Delaware County.
LOANSWAra D u * . Total debt (last returns). $138,000 towards the payment of the deht.
B o i t O U G H BONDS—
Tax valuation in 1880... 1,135,285
C IT Y P R O P E R T Y .—In addition to the above the city owns property
4s, J&J, $132,500... .part yearly Population in 1890 was...... 7,076 amounting to over $100,000.
4*8*. J&J,
8,000----part yearly Population in 1880 was...... 3,664
T I O G A C O U N T Y . —J. V.
M organ,
Treasurer. W I L M E R D I N G . — C. C C o w e l l , Borough Clerk.
Wilmerding, organized in 1890, is in Allegheny County. Street and;
sewer bonds to the amount o f $75,000 have been authorized by popu
lar vote. The population in 1890 was 419.
County seat is Wellsboro.
_______
LOANS-
W hen D u e
Co u n t y B onds —
3
ouhty
COUNTY Bonds 4s, J&J, $5,000......... Oct. 1, 1897
5s, J&J, $1,000....May 1,1900 4s, J&J, 5,000......... Oct. 1, 1898
5a, J&J, 5,000... -May 1,1901 4a, J&J, 4,000......... Oct. 1,1899 W I T T T A T V T C I 'P O R T
I FRED. H. K E LLE K , Mayor.
VV I L - U l A m a r U K 1 .— ) GEORGE HONSEL, Treas.
5«, J&J, 14,000 ...May 1,1905 4a, JAJ, 25,000......... July 1,1904
5*. J&J,
000 .. May 5,1905 4s, J&J, 6,000......... Oct. 1, 1904
Williamsport is the capital of Lycoming County.
5a, J&J, 5,000 ...July 15,1905 Bonded debt Jan., 1893. $100,600
1
Then Due. Total deht Apr. 1, 1893..$636,528
LOANS
5a, J&J, 10,000... July 26, 1905
Interest is payable in Wellaboro.
C t y B nds—
4 3a, J&J. 5,000 ... Aug. 9, 1894 Tax valuation 1890.. $16,646,172 4s, iM&N,o$661,500...... Sept., 1901 T ax valuation 1892___ $8,623,613
Assessm’t abt. 3-5 actual value.
4*3*. J&J, 5,000.. ..Jari. 1,1895 County tax per $1,000........ $5 00
C it y H
l B onds4‘3a, J&J, 5,000 ...Jan. 1,1896 Population in 1890 was..... 52,313 48, M&N,a l$70,000....May 1, 1923 Total tax (per $1,000)........ $15-00
Population 1890 w as.........27,132
J&J, 5,000. ...Oct. 1,1896 j Population in 1880 was..... 45,814
Optional after May, 1903.
Population 1880 w as.........18,934
OPTIONAL.—All bonds issued by this county are;subject to call at Interest is paid by City Treasurer.
any time.
A sinking fund tax o f $3‘00 per $1,000 is levied on all taxable prop
T T T T T C l f T T T IT
JE. O. EMERSON, Mayor.
I l l U O V 1L -l_.n -.— { A. C. HARTON, Comptroller.
This city is situated in Crawford County,
W hen D u e .l
LO A N S —
W hen D u e
LOANSCit y Bonds —
4s, $10,000......................... 1
1898
4s, $4,000.......................... 1896
8,000......................... 1900
4s, 2,000........................... 1897 4s,
11,700........................1901
4s. 20,000.......................... 1900 4s,
10,500........................1903
4s, 2,600...........................1901 4s,
1,300........................1904
4s,
500...........................1903 4s,
1,700........................1905
4s.
200...........................1905 4s,
5,400........................1906
4s. 30.000 ........................ 1900 4s»
6,000........................1907
4s, 33,000
.1907 4s,
11,800........................1908
4s,
500
1908 4s.
1,000........................1909
W a t e r Bonds —
Skwru Bonds—
4s, $7,000.......................... 1894 4s, $4,500........................1901
4s, 2,000........................... 1897 4s,
2.100........................1906
INTEREST i* payable by the City Treasurer.
TOTAL DEBT, E tc.—The total bonded debt on April 4,1892, was
*175,*oo, being made up of city bonds to the amount of $92,800, water
bond* to the amount of $76,400 and sewer bonds to the amount of
$6,600. In 1880 this city’s total debt was $329,237.
CITY PROPERTY.—The city owns a water works and electric light
plant, and other property and assets amounting to about $315,984.
The net income to the city from the water-works during the year end
ing April 1 1892 was about $7,000, or very close to 4 per cent on the
city debt.
ASSESSED V A L U A T IO N .—In 1*91 the total assessed valuation
was $1,966,618 and the tax rate (per $1,000) was $16*34. In 1890 the
assessed valuation of real estate was $1,142,949; of personal prop
erty. $16,584; total, $1,359,533. Tax rate (per $1,000), $17*77. In
1080 total assessed valuation was $1,655,756.
POPULATION.—
The population In 1890 was 8,073 ; in 1880 it was
9,016 ; In 1870 It was 8,639.
W A R R E N . — R. D.
Clark,
Burgess.
This borough la In Warren County.
Hooded debt 1893........ $45,000 |Assessment about *3 real value.
Bonds dae 1895 to 1909.
j Total tax (per $1,000)........$25*00
Tax valuation 1893...... 2,098,000 |Population in 1890 was.......4,332
W E S T C H E S T E R . — W . S. U
nderw ood, T
reas
erty in tliis city and bonds to the amount raised by this ta x are called
and paid (par and accrued interest) each year. The amount thus redeemed in 1892 was $26,972. The city pays the State tax on its bonds.
W I L K I N S B U R G .— This borough is in Allegheny County.
Street bonds to the amount of $55,000 and sewer bonds to the amount
o f $160,000 have recently been voted. Population in 1890 was 4,662.
Population in 1880 was 1,529.
Y O R K . . —D. K.
N o e l l , Mayor.
York is the capital o f York County.
Interest is payable at York, Pa.
LOANS—
When Due.
Highw ay I mp. Bonds—
V a lu a tion , E tc .—
4s, Aug., $11,000......Aug. 1,1894 Bonded debt Mar. 1,’92. $145,000
4s, J&D, 20,000.......
1904 Floating debt...............
6,000
4s, Nov., 20.000
..Nov. 2,1905 Total debt....................
151,000
4s, M&S, 20.000
.
1907 Sinking fund................
10,000
4s, A&O, 20.000
.
1908 Net debt Mar. 1, 1892..
141,000
4s, F&A, 17.000
.Bob. 1, 1910 Tax valuation 1890___ 10,602,366
4s. F&A, 1 0 . 0 0 0
.Feb. 1,1915 Total tax (per $1,000)........... $9*50
H ighw ay & Per. I mp. Bonds— Population in 1890 was___ .20,793
4s, M&B, $27,000......Mar. 1,1917 Population in 1880 was...... 13,940
The bonds are all subject to call.
C IT Y P R O P E R T Y .—The city owns public buildings .and available
assets amounting to $43,543.
YO R K COUNTY.—
County scat is York.
Total debt 1892.........
$118,500
Tax valuation 1891.. $43,000,000
F lood Loan —
•U. Aug. 1. $118,500 $20,000 yrly. Tax rate (per $1.000)............$3 50
tnt. payable by oounty commtes’rs. Population in 1890 was___99,489
LO A NS—
W h en D ue.
State of Delaware.
IT8
DEBT, RESOURCES,
E tc.
Admitted as a State .
One of Original Thirteen
Total area of State (square m i l e s ) ..............................*2,056
State C a p i t a l , ...................................................... Dover
Governor (term expires 3d Tuesday, Jan., 1895) R. J. Reynolds
Secretary of State (term expires with Gov.) John D. Hawkins
Treasurer (term expires Jan. 1895)
Wilbur H. Bumite
legislature meets biennially in odd years on the tirst Tues
day in January, and there is no limit to length of sessions.
This borough la the capital of Chester County.
LOANS—
W h e n D u e . |Tax valuation 1892___$6,000,000
I mprovement Bonds—
j 8tate tax (per $1,000)....... $4 O
O
4s, A&O. $102,700
Apr. 1, 1897 County tax. [* r ?1,«mm>
,
25o
S c h o o l Loan—
Borough tax (per $1,000)__ 4*50
4a, A&O. $13,000 . ..Apr. 1, 1901 Average school tax............. 4*00
' tideet to call at any time.)
Population 1890 was...........*.o2 s
Interest payable by Borough Treas, Population 1880 was...........7,040
Bond#'*! debt Mar. 1,1892 $102,700 j
All taxes on bonds are paid by the borough.
•
WATER WORKS, Etc.—The borough owns water works, school the*By a recent survey of the line between Delawareoand Pennsylvania
State of Delaware will lose a small portion f the territory in
houses and other buildings valued at $825,000. The water works, cluded in the total as given above.
which are worth $100,000, earned for the year 1890 $17,166, while the
H IS T O R Y OF D E B T.—Delaware had no debt prior to the War. In
expenses for running same were $4,947, leaving the sum of $12,219 os
January, 1865, it made an issue o f bonds amounting to $1,100,000, which
the net earnings.
W E S T M O R E L A N D C O .—
County seat la Greensburgh.
LOANSW h e n D u e . [ 4 »«s ...... $33,500
Cou nty b o n d *—
i 4s............ 35,500
Feb. 1, 1898
Feb. l.*94-*99
4s, ........$25,000
Feb. 1. 1891 I* ........ 59,000 Feb. 1,*95 to 1920
44*
25,000 8cpt. 1, 1H91 Total debtdast returns)
$190,500
1
?.»«*•
\;• !, 1 *951Tax valuation
. :t« i.t*
4 V ....... 3,500 Apr. 1, 1895 Population 1800 was
112,819
4%a . . . „ 2,900
Apr. 1, 1895 | Population 1880 was.
78,036
V / I L K E S B A R R
E . — 5 F R A N K D ^ T R ’l C K fa t j- Clerk.
w;i* known as the War loan. In January, 1867, another loan of $400,
000, and in January, 1874, still another o f $200,000, were negotiated,
those* two latter issues being called internal improvement bonds and the
moneys being loaned to certain railroad companies within the State. In
return for these moneys Delaware took a first mortgage on the roads
bene fitted, and the roads always, we believe, paid the interest and have
also paid a portion of the principal. In 1881 Delaware refunded its
debt in good part at 4 per cent, issuing three classes of bonds designated
respectively as u Series A ,” (consisting o f $250,000 due July 1, 1886,
and redeemable after July 1,1882); “ Series B,” (consisting of $300,000
d u e J u l y 1, 1891, and redeemable after July 1, 1886); and “ Series C,”
(consisting of $165,000 due July 1, 1901, and redeemable after July 1,
1891); and also issued a single bond for $156,750 to the trustees o f the
8chool Fund at 6 per cent interest, payable 1906. Since 1881 a por
tion of this refunded debt has beenpaid and other portions refunded
again, $250,000 of the latter being negotiated at as low a rate o f inter
est as 3 per cent, The extent and condition of the debt and resources
of the State are given below, and show that Delaware now holds good
assets more than equaling its liabilities.
LO A N S / Interest .— * --------- P r in c ip a l, -------- —
name AND PURPOSE
Rate Payable.
When Due. OutstanWg.
Bond iH . to school fund 1881.
i^
6
7 ...
July 1 1906 $156,750
Cer. to Delaware College 1877 6
....
perpetual
83,000
Issue of
............ 1885 4
J & D June 1, 19Oo
120,000
Subject to call on or after June 1, 1895.
Part of ser. “ B ” refund. 1887
3 J& D
June 1, 1907
250,000
Subject to call on or after June 1,1897.
Wllkeabarre u fa Lnxerne County. Tho imooM valuation of this
efty. given fa the following statement, 1 very low, being only about
*
18*| per rent of the actual value of property.
LOANS—
W hen D u e. I
Irphovehkst Bonus—
CltRTiru ATr*—
I 5*. JAD. flio.ooo... June 1,1921
5s, Ann. #59.400...... 1994, ’5 A ’8 j Sewr.R Bonds Series A)—
Ctrr Bonds I1HK7)—
141 MAX, #80,000 ..Nov. 1. 1907
*.,
4>*«. FA A. #20.000 Feb. 1. 1897 j Tax valuation 1992
$5,601,327
E xtension B ond , (1874)—
I Total tax (tier #1,000)
$-19 00
Ss.M AS, #30.000 May 1,1894 I Tax valuation 1880
.#2,822.931
V ' NDINO Boars*—
Population 1890 was........37,718
6". A fig. 1. #25.000 Aug. 1. 1897 f Population 1880 was....... 23,339
|Population 1870 was....... 10,174
OPTIONAL.—Ail bonds excepting funding extension and the issue
of 1887 can he called at the option of the city Are years after their date;
certificates after one year.
J & J
J u l y 1 ,1 9 0 1
TOTAL DEBT, Et c —The total fnnded debt on April 1, 1893, was Re-ipsue of 1889 lo a n ................. 4
Subject to call on any interest day after 1893.
•320,460; floating debt, #37.158; making total municipal debt, $357,-
7o,000
T2
STATE
INTE R EST—W H ERE P A Y A B L E —Interest on a part of the bonds
o f series “ B ” and of the “ Issue of 1885” is payable at the Philadel
phia National Bank in Philadelphia; on the re-issue o f 1889 loan inter
est is payable at the Farmers’ Bank of Wilmington, Del.
T O T A L DEBT, Etc .—The total funded debt on January 1,1893,
was $684,750. Total assets were $875,092; assets in excess o f liabil
ities $190,342. The total assets w ere made up o f the follow ing items :
bank stocks $475,092; mortgages on railroads $395,000, and Sussex
County bond $5,000. The total debt in 1890 was $1,082,440; in 1880
it was $880,750.
DEBT LI M IT A T IO N.—Neither the Constitution nor the State statutes
contain any general provisions authorizing bond issues or lim iting the
debt-making power. The whole authority, both as regards the State
and its municipalities, rests with the Legislature, and the Legislature
always passes special acts to provide for special occasions and needs.
Consequently each loan put out by a municipality in Delaware rests on
the law authorizing it, and the amount o f future loans rests on the diecretion first of the city or town and finally o f the Legislature. In such
an old conservative State there is probably no danger o f the people of
any town or city ever overstepping the lim it o f safety, or if they should
desire to, that the Legislature would authorize it.
ASSESSED V A L U A T IO N .—The total assessed valuation of the
State in 1890 was $74,134,401; in 1880 it was $59,951,643.
PO PU LATIO N OF S T A T E .—In size Delaware is n ext to Rhode
Island, the smallest State in the Union, and hence the aggregate o f its
population is not large. But the number has been grow ing through all
the Census periods since the first, the growth during the last fifty years
having been especially marked. In 1790 the enumeration showed
59,094 persons and in 1800 64,273 ; in 1810 the number was 72,674;
during the next 30 years the additions were small, so that even in 1840
the total had risen to only 78,085; since then the growth has been more
rapid, the population according to the 1890 Census being 168,493.
1890................168,493 1860............... 112,216 1830................. 76,748
1880................146,608 1850................. 91,532 1820.................72,749
1870................125,015 1840................. 78,085 1810................. 72,674
From 1860 to 1870 the addition to population was 12,799, or 11-41
per cent; from 1870 to 1880 21,593, or 17*27 per cent; and from 1880
to 1890 21,885, or 14*93 per cent.
Of the total population in 1880 18*04 p. cent was colored and in 1890
17*22 per cent. In number blacks were 20,363 in 1850, 21,627 in 1S60,
22,794 in 1870, 26,442 in 18S0 and 29,022 in 1890.
B A N K S -S T A T E , N A T IO N A L AND SAVINGS INSTITU TIO N S.
—There are two more national banks in Delaware now than there were
at the end of 1885—that is, there are 18 national banks altogether in
the State—and the aggregate deposits of these institutions on December 9,
1892, were $4,738,203, against $3,587,098 held by the 16 banks in
existence in 1885. Total capital now is $2,133,985, against $2,033,985,
and surplus and profits amount to $1,302,672, against $957,584. Ac
cording to the last report of the United States Comptroller o f the Cur
rency, there are also four commercial banks organized under State
authority; their figures, as given in the Comptroller’s report, appear in
the table below.
--------------1892.--------------x ------------- 1885.-----------N a tio n a l.
Stale.
N a tio n a l.
Vol. LVI.
GJTY S U f f i E M ^ T
State.
D elaw are.
(Dec. 9, ’92.) (J u n e 30,’92.) (Dec. 24.)
No. of banks.......
18
4
16
Cap it ill.................. $2,133,985
$680,000
$2,033,985
................
Surplus & profits.
1,302,672
387,714
957,584
.................
Deposits, individ.
4,738,203 1,121,336
3,587,098
................
The State banks, it w ill be observed, held on June 30,1892, $1,121,336
o f deposits, and in addition there was on June 30,1892, one loan and
tru st company within the State, with $500,000 capital, $99,740 surplus
and profits, and $795,870 deposits. The Comptroller found only two
savings banks in the State on June 30, 1892, and their combined opera
tions and accounts are set out in the subjoined statement.
1892.
1885.
1880.
1875.
Savings Banks.
(J u n e 30.)
No. o f banks..............
2
No. of depositors......
17,318
........
........
........
Amt. o f deposits........$3,626,319 ............................................................
Surplus and p rofits...
473,779 ...........................................................
Aver, each deposit___
209 ..........................................................
Thus there are 17,318 depositors, with $3,626,319 standing to their
oredit. I f we add together the deposits of the State and national banks
and the trust companies and savings banks, we get a grand total of
About 10J m illion dollars.
4
C it ie s , C o u n t ie s a n d T o w n s
IN THE
NEW
C A S T L E C O . —J. F.
D
ic k e y
.
Trea?.
County seat is Wilmington.
F unding F loating D ebt—
LOANS—
W hen Due.
L oan for B fn . <f T rus. of P oor. 5s, J&J, 180,000 .. .$10,000 yearly
>
5s,
5s,
5s,
5s,
5s,
4*2S
4s,
©
M & N ...........
J&J.............
A & O ............
J & D ............
M&S............
A & O ...........
J & D ............
Bonded debt May 1, L892.$459,900
Floating debt..................
5,000
Total debt........................ 464,900
Sinking fund assets (abt). 60,000
^ 2 1 0 ,0 0 0
N et debt May 1, 1892.... 404,900
Tax valuation 1892.......50,000,000
Assessment about
actual value.
Court H ouse L oan—
Co. and poor tax (per $1,000) .$1*50
4*28, J&J $69,900...... July 1,1899 Population 1890 was...........97,182
Population 1880 was........... 77,716
O P T IO N A L .—The bonds of this county are all subject to call.
>»
©^
©©
o >
>
re
T AX FREE.—A ll bonds issued by this county are exempt from taxa
tion.
INTEREST is payable by County Treasurer, Wilmington.
WVIX±-iL\±IXN G T O N .
V LM
IN V_J A w AN
$ J*ADAMS, Treas.
AILLE\\ Mayor.
^j . K W
The city o f Wilmington is in N ew Castle County.
- Interest.---------- P r in c ip a l.LO AN SW hcn Due.
Outstand'y.
NAME AND PURPOSE.
P . Ot. Payable.
Board of Educ. loan No. 24 6
Jan. 1, 1894
J & j
$30,000
do
do
do No. 28 6
F & A
26,000
Feb. 1, 1897
do
do
do No. 28 6
M & 8
Sept. 1, 1899
24.000
do
do
do No. 30 4kj F & A
Aug. 1, 1893
5,000
Funding loan. ...Nos. 21-22 6
Aug. 1, 1893
117,50C
j & j
Nov. 1, ’93-1904 i
do
No. 29 4*2 M & n | $7,000 yearly. 1
84.000
1915 to 1917 i 150.000
Park loan,___
.No. 33 3^2 A & 0
part each year. 1
1902 to 1906 >
Sinking fund loan 1892... 4
A & o
part serai-an. > 149.000
Street and sewer bonds___ 4
12,150
A & o
Oct, 1, 1918
do
do
A & o
43,900
4
Apr. 1, 1919
do
do
4
45,250
A & o
Oct. 1, 1919
do
do
46,600
4
A & 0
Apr. 1, 1920
.do
do
4
A & o
48,050
Oct. 1, 1920
do
do
4,050
4
A & o
Apr. 1, 1921
1,
92.000
Water loan (reser.) No. 25 6
J & J July0 0 0 ’ 93-1908
$6 ,
yearly.
Sept. ’93 to 1911 \
65,500
do
(reser.) No. 26 6
M &
•6 i $3,500 yearly, j
150.000
do
(reser.) No. 27 5
F & A
Feb. 1, 1897
60.000
do
.No. 31 4*2 A & <)
var. 1913-1914
25.000
do
A & o
.No. 32 4
Oct. 1, 1919-’ 23
do
60.000
.No. 32 h 1 A & o
var. 1914-1915
*
Water Street loan No. 21 6
M & N
20,000
July 1, 1894
Bal, of sinking fund loan
369,150
T O T A L DEBT, Et c .—T he subjoined statement shows Wilmington’s
total municipal debt and the w ater debt in 1893 and in 1890.
1893.
1890.
Total funded debt (including water d e b t)....... $1,448,650 $1,416,800
Water debt included in above to tal.................
551,000
616,000
The net indebtedness o f the city in 1880 was $1,372,450.
ASSESSED V A L U A T IO N .—The assessed valuation o f real estate in
1891 was $33,813,543; in 1880 it was $23,200,000. Property is
assessed at about 5 its actual value. Personal property is not taxed.
The total ta x rate in 1891 was $18*50 per $1,000; in 1880 it was
$14*90.
P O P U L A T IO N .—In 1890 population was 61,431; in 1880 it was
42,478; in 1870 it was 30,841.
State of Maryland.
ITS
DEBT,
RESOURCES,
E tc.
Admitted as a State
One o f Original Thirteen
Total area of State (square miles)
. . .
12,210
State C a p i t a l ........................................................Annapolis
Governor (term expires 2d W ed. Jan., 1896) - Frank Brown
Secretary of State (term expires with Gov’r) E. W . Le Compte
Treasurer (term expires Feb., 1894)
Spencer C. Jones
Legislature meets biennially in even years on the first W ed
nesday in January, and sessions are limited to 90 days.
STATE OF DELAWARE.
> H. R EE D Y, Mavor.
5 JAMES B. BICE, Treasurer.
Dover is the capital o f Delaware and the county seat of K ent County.
When Due. Total valuation 1891 .. $830,00 >
LO AN SW ater B ondsAssess’t about same as actual value.
48, J&J, $17,000....... July 1, 1901 County tax (per $1,000)
$4*Oo
3*80
Bonded debt Jan. 1, ’93
$17,000 City tax (per $1,000)...
Population 1890 was.............3,061
T a x valuation, re a l...... 1,800,000
T a x valuation, personal
30,000 Population 1880 w as.............2,811
The bonds are subject to call in numerical order on three months*
notice.
INTE R EST is payable at the Farmer’s Bank of Dover.
D O V E R .-
N E W A R K ! . — G eo . W. W i l l i a m s , Treasurer.
Newark is in New Castle County.
LOANS
When Due. Total valuation 1892......$640,00n
W ater BondsCounty tax (per $1,000)..
$4*00
58, J&D, $37,000................... 1896 Town ta x (per $1,000)...
10*00
Bonded debt Jan. 1,1893 $37,000 Population 1890 w as.............1,191
T a x valuation, re a l......... 600,00 • Population 1880 w as.............1,148
T a x valuation, personal.. 40,000 Population 1870 was............ 915
INTE R EST i 8 payable at the National Bank o f Newark, Delaware,
H ISTO R Y OF DEBT. —Since the Conemaugh flood the Baltimore
papers have recorded from time to time the court proceedings and
decisions in the contest which has been in progress for the possession
of the Chesapeake & Ohio Canal—a contest in volvin g the question of
abandoning the canal as such and using its bed for a railroad track, the
State favoring the sale and therefore the abandonment of the canal.
This circumstance is of interest in this brief history, because money
borrowed by the State in behalf of that enterprise forms the first item
in Mayland’s funded debt for internal improvements. I t is of interest
too because it illustrates very forcibly the revolution in transportation
methods which sixty years have wrought, a revolution so complete as
to divest this important canal—begun and prosecuted with unbounded
enthusiasm, but finished only after a desperate struggle continued for
over a quarter of a century—o f all value save as a right o f w ay for its
rival transportation method.
Another singular fact connected with this contest is that the party
which has saved the canal for the time being from passing out of
existence is the Baltimore & Ohio Railroad, the first railroad begun in
the United States and which likewise shares with the Chesapeake &
Ohio Canal the notoriety of starting the internal improvement branch
April, 1 93
8 .
MAtfYMflD—CITIES /INC TOW
NS,
of the
t. But the canal history began first; In fact the canal
was t
?d by Maryland in January, 1824, its purpose, as stated
in the
being to connect “ the tide-water of the river Potomac
with the navigable waters of the Ohio.” Two years later, in 1827, the
railroad was incorporated, aud on July 4. 4838, the first rail was laid*
I She State appears to hare Issued bonds in behalf of both of these enter”
pri -’ - in 1827—the amount of the loan made for the canal project being
$2*52,500 and for the railroad $256,189.
It should be added, however, that the actual date when Maryland’s debt
history began is 1821, there haring been a small loan of $30,000 issued
that year for the’’ Medical Department of the Maryland University”
and another for $27,947 30 for the Penitentiary. But though the first
Issues to the canal and railroad above mentioned did not follow until 6
years later, the loans of 1827 hold the more conspicuous place, because
they were the first of and opened the way to the large additions to
the State debt in behalf of internal improvements, a development
wnlch proceeded slowly for a few years, then with accelerating speed,
as the 1
*ame greater. On the first of January 1839 the
total b
ed 1 y the State in behalf of the Chesapeake A Ohio
Canal i
>$7,1£ 1,6*. 6*66 ; In behalf of the Baltimore A Ohio Railroad
$3,897,000;
t of the Baltimore A Washington Branch $500,000;
In behalf of
» Ba timorc A Susquehanna Branch $1,689,710*97 ; in
behalf of the
hanna Sc Tidewater Canal $1,000,000; and in behalf
of all other matters $making the total at that date (Jan. 1
Y ea rs.
T o ta l
F u n d e d D ebt.
1892......
1891......
1890......
1889.......
1888.......
1887.......
1884.......
1982.......
1880.......
73
A v a ila b le
A ssets.
T o ta l
A ssessed V a l.
$8,684,996
10,721,643
10,691,124
10,370,535
10,370,535
10.960,535
10,965.934
11,269,031
11,277,110
T a x R a te
p e r $1,000.
$5,602,699
$515,137,528
$177^
6,845,596
510,003,077
l*7 7 io
6,278,907
482,184.824
1-7713
6,031,255
477,398,380
1*77^
4,715,181
490,016,183
l-77hs
5,299,301
485,839,772
1*87^
3,992.851
469,593,225
l*87h>
3,863,110
464,824.879
1*87^
3,649,442
459,187.408
l*87hi
DEBT LIM ITATIO N .—There is nothing in the Constitution of
Maryland limiting the power of the Legislature to authorize bond issues
either by the State or by its municipalities. No general limit for cities
and towns has been fixed by the Legislature, nor is there any general
authorization to be found in the statutes under which cities and towns
can issue bonds. This power is lodged in the Legislature, and is dele
gated to the municipalities from time to time for specific purposes as
the occasion may arise. It is necessary, therefore, for the investor to
study the law in each case on this as well as on other points affecting
the loan with respect to whioh he may need information.
PO PULATIO N OF STATE .—Maryland has greatly increased her
population since the inauguration of the Federal Government,
though necessarily she has not gained as fast as some other States,
particularly the newer Western States, and consequently has had to
yield in rank to them. In 1790 the population was reported 319,728,
1839.) $14,359.324*93.
It was at about this date th; t the question of paying the interest on all and in 1800 341,548. In 1840 we find it 470,019. In 1890 the total
this debt began to beembam sslng. Maryland at that time had no tax passed the million mark, an increase during the century of consider*
ably over 200 per cent.
System, its revenue being auf leient, but only sufficient, to meet current
1890...........1,042.390
687,049 1830..............447,040
-expenditure; hence in 1840, a bonds became hard of sale it began to look 1880.............934,943 I860............. 583,034 |
1850.............
1820..............407,350
as If the making of synteiz of taxation was Imperative, and in 1841 laws 1870............. 780.894 1840....,....... 470,019 I1810..............380,546
were passed imputing tax a which, with the inoome expected from raLlIn the decade from 1860 to 1870 numbers increased 93,845, or
Toads the State was inatrti nental in building, were estimated to be suffi- 13*06 per cent; in the 1870-80 decade 154,049, or 19*73 per cent, aud
dent to meet the interest. A.nd so they would have been had the 8 tate in the 1880-90 decade 107,447, or 11*49 per cent.
S>et with no diaappoi ntinen t; but the difficulties of collection inseparably
Of the total population in 1880 22*49 per cent was colored and in
connected with a system of taxation imposed upon a people who never 1890 20*92 per cent. In number, blacks were 165,091 in 1850;
before bad been compelled to submit to State taxation prevented the 171,131 in 1860; 175,391 in 1870; 210,230 in 1880; and 218,004 in
f t sllistioa of this hope, and in January, 1842, the State failed to pay 1890.
its Interest. This was a severe disappointment to the authorities and
SAVINGS BANKS INVESTM ENTS.—TUere are in this State gen^people, since Maryland had been conspicuously careful of its credit* arm banking laws under which savings banks maybe organized, and
l
baring la 1837 paid Its interest in gold, when the banks had suspended jet wo notice that even in 1890 a special charter was granted incorpor•pccte payment and there was no currency but paper. In process of •ting the Germania Savings Bank of Baltimore. However, in both the
4 me, however, the tax laws were generally enforced, the receipts there general and special laws there appears to be a pretty general authority
1
Trum increasingeach succeediugtwelve months, while the revenues from granted for investing the deposits. The general law states that—
the several companies the Htate was Interested In became larger,
Any savings institution incorporated under this article shall be
so that year by year an Increasing amount of the back Inter capable of receiving from any person or perqona* or bodies corporate or
polttie, nuy deposit of money w h i c h s h a l l b e i n v e s t e d o r l o a n e d o u t otx
est and current interest was paid. For the year ending De
s e c u r i t y m th e d i s c r e t i o n o f th e d i r e c t o r s : provided that n o p a r t of
cember 1,1644, the Treasurer paid $305,059 on account of interest the funds of said corporation s h a l l b e l o a n e d to a n y o f f i c e r o r d i r e c t o r of
•uch corporation.
ftBd the next year (1845* he paid $710,784, which latter was $55,363
In the special law passed in 1890, which we have referred to above,
hi# met hod w m continued until 1847,
move than the year’s interest
when a law was passed mak
provision for all the back interest and the power to loan the deposits is made a little more definite. The sec
for ramming r
*nts. The law was carried Into tion referring to that subject states that the “ corporation shall havto
•t pi
“ power to borrow money, receive money on deposit, loan moneyt
effect January, 1848
•
On the find ol
•ar after the resumption of interes ! • t a k i n g s u c h s e c u r i t y t h e r e f o r , c i t h e r r e a l o r p e r s o n a l , a s th e B o a r d o f
ry, 1848.0
payment*, the
$16,140,038*42. On the 30th of I ** D i r e c t o r s m a y d e e m s u f f i c i e n t ; provided that n o p a r t of the funds of
tale debt
otai fund
•bt waa #13,549,796*53, while the ! “ said corporation s h a l l b e l o a n e d to a n o f f i c e r o r d i r e c t o r thereof.”
September. 186
We cannot discover any marked difference in the two pr visions
itimated value of $25,049,740, of which
State held pro
o the eat
$6,932.1*97 w i
irtlv
At preaent the total bonds outstanding cited, except that the enactment in the case of the new Baltimore bank
aggregate only
hlch productive asset* in the sinking nut* - diMioctijr that the security can be either real or personal. But as
fluid* and other
e, so that the net debt reaches the merely much as that would, we think, be assumed as authorized under the gen*
eral provision, since no limit is made and loaning on bond and mortgage
nominal *mu of
he details of thcae bonds are subjoined.
Is always a legitimate part of the business of savings banks.
.— I n t e r e s t —
------- P r i H t i p a l , LOANSta g .
R a t* P a y a b le .
W h en D u e . O u ttt
NAUE ANO PJR
BANKS—STATE, N ATIO N AL AND SAVINGS INSTITUTIONS
JC
fcefen** rederai •tton b ad*
in. 1. 1899 $3,000,000 —Banking operations have grown very decidedly in Maryland in recent
3*05 J Sc J
Bxc bang*’ Joan, 1886
8
J A J
in. I. 1900
s
do
1886
in. 1, 1901 1,270,474 year-, as 1 evident from the fact that there are now (including 13 banks
3
J A J
do
1. 1903 3,079.400 in the District of Columbia) 79 national banks, against only 50 at the
3
J Sc J
18*9
do
706,737 end of 1885 (Including at that time 6 banks in the District of
1891
1,
3
J A J
Columbia), while the deposits reach over 45*3 million dollars, against
INTEREST-WHERE PAYABLEFarmer*’ A Merchant*’ Bank. Baltimore.
not quite 28\ million dollars in 1885. There are also a few State com
statement mercial banks; their operations, however, are not extensive alongside
TOTAL DEBT, SINKING FUND E tc.
•bow* Maryland’s total State debt, th*'
Lheld b y the BUte thn«e of the national banks, and until quite recently were diminishing.
>of th< last three Tin* State bank* are required to make an annual return to the Tax Com■gainst the same on the 30th of BepteEi
ml**loner, hut the only information obtainable regarding them is found
pears.
1891.
In the report of the United States Comptroller of the Currency.
1892.
$8.0* 1.9*6
$10,721,013
Total funded debt ....
,----------- 1891-92----------- - ------------ 1885Sinking fund*, Ac......
6,*45»59G
5,602,099
N a tio n a l.
S ta te .
N a tio n a l.
S la te .
(O c t . 1.)
Maryland .
( D e c . 9, *92.) ( J u n e 30,’92.)
(Dec. 24.)
Net debt Nt v. 1st...... ...... $3,082,287
$3,876,047
$1,412,217
10
79
8
50
For this balance of $3,982,287. the State has as an offset her tinpro Kumber of banka..
Capital................ $19,666,960 $1,612,200 $15,806,960 $2,006,805
duetire stocks, amounting to $7,110,626, and $615,041 due from surplus and profit* 9,523,833
422,628
574,212
6,352,837
accounting officer* and Incorporated institution*.
Deposits, incfivid’l 45,590,455 3,047,825 28,721,273 3,651,156
The Comptroller likewise reports two loan and trust companies June
I The “ Defense Redemption Loan” Is secured by a special tax of 5H
,
and the “ Exchange Loan” of *80
cent on each $100 of the j :iO 1*92, with $1,500,000 capital and $889,907 surplus and profits;
he also reports 3 loan and trust companies in the District of Columbia,
valuation.
with $3,250,000 capital, $295,532 surplus and pro Its and $4,153,663
Tbe sinking funds are divided as follows:
deposit <. In savings banks operations the growth has been very rapid.
*
P r e h a n g * L o a n o f t$St) f u n d , amounting to $73,902*73 and eonsistThe Comptroller of the Currency reports for June 30, 1892, 21 savings
j ing entirely of Exchange Loan of 1991 and 1899.
D e f e n s e R e d e m p t i o n f u n d , amounting to $2,010,751*37, which con- |hanks conducted on the mutual principle and 8 (including one bank in
•lsts principally of Frederick City 4 per cent, Baltimore City 3hi 4 j the District of Columbia) savings banks having the stock feature.
and 5 per cent, Exchange Loan of *80 and ’89 and Exchange Loan of These latter, however, are not very important, and might really be dis
regarded, for they furnish only $934,647 of the $4*2,038,046 deposits,
1891 bond*.
G e n e r a l A c c o u n t f u n d , amounting to $399,515*79, consists of Btate j and but 4,400 of the 143,438 depositors.
1892.
1885.
1881.
1876.
Stork, ID#f**n*e Redemption, Exchange Loan of '86 and Exchange
S a v i n g s B a n k s — ( J u n e 30.)
(J u l y 1 .)
(J u l y 1 .)
(N o v . )
Loan of 1891 bond*.
Vo of hanks. ...
29
18
13
8
The receipt* of the Btate for the year ending Bept. 30.1892, amounted Vo! of depositors..
143.438
178,101
t64,911
*49,000
to $3.547,9*1; di*bureements, $3,065,933.
Ain’t of deposits... $12,038.016 $28,663,083 $23,824,354 $19,077,026
The cash balance la the treasury on September 30th. 1892, amounted Burplus and profile
1,001,152
-----••••••
9 61 ,2Za
A t. each deposit...
293
367
367
389
to $472,048.
‘ Estimated.
tPartly estimated.
ASSESSED VALUATION, E t c .—The following tabic shows the j
total funded debt, available assets, assessed valuation and tax rate of • While savings deposits are now about 42 million dollars, in 1876 they
were only about 19 million dollars.
the Btate for the years indicated.
STATE AW CITY SUfTtEMENT,
74
C it ie s ,
C o u n t ie s
and
T
P ) p U L A T IO N .—In 1890 population was 434,439; in 1880 it was
332,313; in 1870 it was 267,954. Population 1892 (Local authority)
was 500,000.
owns
IN THE
STATE OF MARYLAND.
ANNE ARUNDEL
Treas.
C O . — F.
W.
C E C I L C O U N T Y . - -C. H.
Ow e n s ,
County seat is Annapolis.
LO ANS—
When Due. T ax valuation. 1892. .$11,701,136
vssessinent is a* actual value.
Co u n ty B h s m $1-77
5s, J. A J., $-5,OOO....Tilly 1, 1897 State tax (per $1,000).
$9 -80
($5,000 rarll 5 y r s . ) to July 1,1917 Co uuty tax (per $1.000)
$2-00
Average school tax —
Bonded debt Nov. 1,
31,094
1*92.........................
$25,' 00 l ’op iilu io u 1890 was..
28,520
Floating debt, about...
5,000 Population i860 was..
Total debt Nov. 11892.
30,000
T A X Frt EE.—A ll bonds issued by this county are exempt from
county and State tax.
R A T
T T M D R F
(F E R D IN A N D L ATR O B E , Mayor.
D Y lu n E ,.
(J O H N A. ROBB, City Register.
Baltimore is in Baltimore County. The city has recently been author
ized by the Legislature to issue $6,000,000 of bonds. The amount thus
raised is to he used for redeeming $4,500,000 of city bonds fallin g due
in 1892 and 1894, and the remainder for public improvements.
— P r in c ip a l ,-------LOANS— Interest. — >
NAME AND PURPOSE.
When Due.
Outstand'q
P . Gt. Payable.
Apr. 15, 1900 $1,000,000
City H all. 1870...............
6
q —j
7, 1902
500,000
do
do. 1874.................. .r 6
Moll.
q —j
Consolidated bounty, 1863 .T 6
M & S *Sept. 1, 1893x2,211,068
1, 1930x5,000,000
Consolidated refund., 1890.r 3 4 J & J tJuly
410,353
M & 8 M Sept.l, 1893
Exempt bounty, 1865........ .r 6
800,000
Funding loan, 1870........... .r 6
tJuly 1, 1900
Q -J
M & N tJ uly 1, 1916x1,000,000
Funding loan o f 1878...... .r 5
Harford Run Improvement.r 4
J & J tJau. 1, 1920 x250,000
do
do Sewer...........
4
J & J Nov. 3, 1904 x 350,000
Internal Improvement...... .r 3% J & J July 1, 1928x4,850,000
800,000
A pr. 9, 1900
Jones’ F alls....................... .r 6
Q -F
Apr. 9, 1900 X957.000
do
do ....................... .r 5
Q -F
Apr. 9, 1900 x483,0OO
do
do ..................... .r 3-65
Q -F
do
do ....................... .r 3 4
Apr. 9, 1900 x 160,000
Q -F
do
do ..................... .r 3
Apr. 9, 1900 xlOO.OOO
Q -F
Jan.
1, 1895
185,723
Park Improvement, 1863. .r 6
Q -J
1, 1920 x 200,000
Oct.
Patterson Park................. .r 4
Q -J
M & N tNov. 1, 1920 X500.000
Paving, 1881................... . r 4
INI & N tJuly 1, 1894 x 263,000
W ater................................. .r 6
do .1............................. .r 5
M & N tJuly 1, 1894x3,737.000
do ................................ .r 5
M & N tJuly 1, 1916x5,000,000
do ................................
M & N tNov. 1, 1922 x 500,000
4
M & N tNov. 1, 1926x1.000,000
do .................................
4
Western Maryland, 1872. .r 6
J A J Jan. 1, 1902 1,000,000
do
do
1882.. .r 4
J & J July 1, 1925 x6S4,000
do
do
1887. .r 3 >4 J & J Jan. 1, 1927x1,704,000
875,000
Bonds S West. Md. RR., 3d M. 6
J & J Jan. 1, 1900
117,000
guar. < Union RR., 1st M.
6
J & J Jan. 1, 1895
* W ill be redeemed this y ear.
t Payable on or after tills date at option of eity.
X Exempt from State o f Maryland taxes.
B O N D S — P A R V A L U E , E t c .---- Bonds are all registered and for
$100 or multiples o f same. None o f the bonds are liable for oity taxes.
IN T E R E S r— W H E R E P A Y A B L E .—Interest on the City H all loans,
consolidated loan o f 1890, West Maryland RR. loan o f 1887 and on
funding loan o f 1870 is paid at the National Farmers’ & Planters’
Bank o f B altim ore; on the Union RR. bonds at the Franklin Bank of
Baltim ore; on internal improvement loan at the Farmers’ & Mer
chants’ National Bank—on all other loans at the National Mechanics
Bank o f Baltimore.
BONDS EX EM PT FROM T A X A T IO N .—The Issues marked with
an x above are exempt from State of Maryland taxes. Holders resid
in g in other States are exempt on all issues.
T O T A L D E B T , S IN K IN G FU N D , E t c —T he subjoined statement
shows Baltimore’s total debt and the sinking fund and other assets
held by the eity against the same, on the Urst of January o f eaoh of
the last three years;—
1893.
1892.
1891
Bonded debt (water debt inol.) .$34,683,297 $32,776,050 $31,083/787
Sinking fund and other assets. 14,564,605
14,099,730
13,927,228
N e t debt Jannary 1 ...........$20,098,692 $18.676,320 $17,156,559
Total water debt (included in net debt) 1893, $10,500,000; 1892.
$10,500,000; 1891, $10,300,000.
The public improvement bonds recently authorized to the amount of
$6,000,000 will be issued as 4s, redeemable July 1.1940.
The sinking fund and other assets, as given in the above statement
for Jan .l, 1893, included the follow ing item s: sinking fund $7,941,000
mortgages on Western Maryland Railroad Company $3,579,000, stock
o f the Valley Railroad o f V irginia $1,000,000, stock o f Western M ary
land Railroad $200,000, mortgage on Union Railroad Co. $117,000,
real estate, etc. $1,727,605; total, $14,564,605.
IN T E R E S T C H A R G E .—Of total debt as above ($34,663,297) inter
est is payable from taxation on only $19,557,146, interest on the
balance$15,106,151, being payable as follow s:
B y Park Board on Park Extension loan................................
$200,000
By Union RR. on loan o f 1895.................................................
117,000
B y W ater Board on water bonds amounting to...................... 10,500,000
By Commissioners o f Finance on Western Maryland loans of
1900 and 1902 amounting to ................................................ 1,875,000
By Western Maryland Co......................................................... 2,388,000
Overdue bonds—no interest paid......................... ..................
26,151
Total so provided fo r ...................
................. $15,106,151
s
ASSESSED V A L U A T IO N . E tc —City’i assessed valuation (about
90 per cent cash value), and ta x rate have been as fo llo w s :—
R eal
P e rs on a l
Total
Yol. LVI
Rate o f Tax
Years —
Estate.
Property.
V a lu a tion , p e r $1,000.
1892 (ahoutt .$215,000,060
$67,000,000
$282,000,000
$17*2712
1891 (about).
21.3.000000
67,000,000
280.000. 000 17-2712
1890(about).
209,000,000
65,000,000
274.000. 000 20-25
1886........... 200,775,614
64,784.338
265,559,953
17‘8 7^
1880........... 187.0 U),624
65.106.367
252.122,991
15-57 *2
The tax rate fo r 1892 inoluded: State tax, $1*75; school and oity
tax, $15-50; total, $17*271
sper $1,000
Sm it h ,
Clerk.
County seat is Elktou.
LOANS—
When Due.
B u iLi’ixG L o a n , 1887—
412S, J&I), $22,000___part yearly
Total debt, March, 1893....$22,000
Tax valuation 1892.. .$15,022,772
State & Co. tax per $1,000.. .$9-99
Population in 1890 was...... 30,000
» opulation in 1880 was...... 27,108
CUM BERLAND—
Cumflerland is the capital of Allegheny County.
LOANS —
.— Interest .— ,
-------P r in c ip a l ,-----NAME
and
PURPOSE.
P . Cl. Payable.
When Due.
Oulslandlat
Pennsylvania R. R. bonds. 0
F & A
Feby., 1908
$05,000
Principal to be paid by Pennsylvania Railroad Company.
6
A & O
Oct., 1908
Consolidated debt bonds
30.000
145,000
5
A & O
Oct.. 1908
do
do
5
A & O
Oct., 1910
18.000
Water iinpt. bonds......
5
’A & O
Apr. 1 1922
50.000
Water extension bonds
5
A & O
Apr. 1 1922
40.000
Funding bonds............
M & N May, 1893-1904
60.000
Water bonds................
$5,000 yearly.
T T J, N I May, 1904-1909
V
30,000
"
( $5,000 yearly.
M
N it May, 1893-1906 I *140 000
Balt. & Ohio R. R. bonds.
M * " ( $10,000 yearly. ( 140,000
‘ These bonds aro issued by the Baltimore & Ohio Railroad and the
principal is payable by them; the city only assumes the payment of
the interest. The statute authorizing this transaction w ill be found
in the Laws of Maryland for 1890, pages 254-255.
IN T E R E S T is payable at Cumberland.
T O T A L D E B T, ETC.—The total debt on Jan. 1, 1893, was $445,000, including w ater debt, $163,000; deduct sinking fund assets,
$27,754; net debt, $417,246.
D E B T L IM IT A T IO N . This city cannot issue indebtedness over
$10,000 without act o f Legislature and vote of people.
ASSESSED V A L U A T IO N —In 1892 total assessed valuation was
$6,815,548; in 1890, $6,461,823. Total tax rate (per $1,000) is
$19-00, including city tax proper, $8-50; county tax, $8-725; Stats
tax, $1-775. In 1880 total assessed valuation was $1,500,000. The
tax basis in 1891 “ Is less by at least $500,000 than the basis of 1890.’
P O P U L A T IO N .—The population in 1890, according to United
8tates Census, was 12,729; in 1880 was 10,693; in 1870 was 8,056.
Local authorities state that at the present time the population is in
excess o f 14,000.
do
F R E D E R I C K . —L. M
.
N
ix d o r f f ,
The county seat of Frederick County.
LO AN S•,— Interest.— .
— Interest..
NAME AND PURPOSE-
Refunding bonds...............
P .C t. Payable.
4
J & j|
City Register,
r-—_
---- -P r in c ip a l.When D ue.
Outstand'g.
July 1,1918. )
optional after > *$512,500
July 1,1903. )
♦Free from county or municpal tax.
INTE R EST—W HERE PAYABLE-- -In terest la payable at the
Citizens’ National Bank o f Frederick.
T O T A L DEBT, Et c -—The total bonded debt on Jannary Stst, 1893,
was $512,500; sinking fund assets $13,676; net debt $498,824. The
sinking fund receives yearly $1-00 for every $1,000 o l the assessed
valuation
C I T Y P R O P E R T Y -—The city owns its w ater works, whioh pays In
about $9,500 annually, and the City H all building, from which it draws
an income of about $1,200 annually.
ASSESSED V A L U A T IO N —In 1891 the assessed valuation o f real
estate was $2,600,000; o f personal property $1,400,000; total $4,000-,
000. City tax rate (per $1,000) $8-75. Beal estate is assessed at
“ about four-lifths o f its aotual value.” In 1880 total assessed val
uation was $4,524,493.
P O P U L A T IO N .—The population in 1890 was 8,193; In 1880 was
8,659; In 1870 was 8,526.
F R O S T B U R G H . — J o h n S.
M
Frostburgh is situated in Allegheny County.
— In tere s t.LO ANSNAME AND PURPOSE.
P .C t. Payable.
,
Water bonds...................... 6-4Q J & J •
’
etzger,
Mayor,
-P r i n c i p a l .-
When Due.
Outstand’ff.
July 1, 1920, ,
opt ional utter 1 $40,000
(
July 1,1895. )
INTEREST—W HERE P A Y A B L E —Interest Is payable at the City
Treasurer’s Office.
T O T A L DEBT, ETC —The total bonded debt on Sept. 18th, 1891
was $40,000.
ASSESSED V A L U A T IO N .—In 1891 the total assessed valuation
was $1,500,000; total tax rate (per $1,000), $15-50, this including city
tax proper $5-00, county tax $8-7212, State tax $ l-773
a. City tax
(per $1,000) $16-09. In 1890 total assessed valuation was $1,185,102.
Property Is assessed at near its actual value.
P O P U L A T IO N —The population in 1890 was 3,565; in 1880 was
4,057.
r,
* / <T7 *iz> o t t \y i n v T
—
( R E IN H O LD J. H A LM , Mayor.
1 O W N .— / j . H. M ID D LE K A U F F , Treas.
This is the county seat of Washington County.
,— Interest .— ,
--------- P r in c ip a l ,-----—
LO ANSWhen Due. Gutstana'g,
P. Gt. Payable.
NAME AND PURPOSE.
$42,000
J & J $ 2 , 0 0 0 ann.
Street improvement bonds....... 44
9,000
.
J & J $1,000 ann.
Drainage bonds....................... 44
INTE R EST >s payable by the City Treasurer.
T O T A L D E B T.—The total bonded debt on Moh. 1,1893,was $51,000,
C IT Y P R O PE R T Y .—The city owns real estate and other available
property amounting to about $30,000.
ASSESSED V A L U A T IO N —In 1892 the total assessed valuation
(about two-thirds actual value), was $4,328,827. T a x rate (per $1,000)
HAGERS
April, 1833.
DISTftiGT or COLUMBIA.
$1475. thl« Including city tax proper $ 3 -0 , State tax $1-75, couuty
tax $7*80. lu lst>0 total aaaeeaed valuation was $11,884,539.
P O P U L A T IO N .—ru e population in 1890 was 10,118, in 1880 was
4,627. in 1870 was 3.779.
75
District of Columbia.
( I n c lu d ’g
t h e l a t e c o r p o r a t io n of
M O N T G O M E R Y C O .— W. W. W elsh , Clerk.
W
a s h in g t o n
.)
ITS
County seat Is Eockvtlle.
LOANS—
When D ue. \Total debt Jan., 1893. ..
$46,000
|Tax valuation 1892...... 11,026,935
4s, AAO. $16,000.... 1893 to 1925 Total tax (per $1.000)....... $10 30
($2,000 due yearly.)
I Population in 1890 was____27,135
DEBT, RESOURCES,
E tc.
COCKT H ouse B oxd s —
On July 1 ,1878, the duties of the Sinking Fund Commissioners of the
District o f Columbia were transferred to the Treasurer of the United
States, and since that date Congress has appropriated annually a sum.
P R I N C E G E O R G E ’S C O .— S. G. T o w n s e n d , sufficient to pay not only the interest on the District’s bonds but also,
it is believed, sufficient to extinguish the entire debt of the District upon
Treasurer.
the maturity of the 3‘65 per cent loan, in 1924.
County seat is Upper Marlborough.
LOANS—
--In te r e s t . — ,
-------P rin c ip a l. ---------x
LOANS—
WA«» Due. Total debt July 1, 1892. $105,000
P . Ct. Payable.
When Due.
Outsland'g.
Conrrr Bonds—
Tax valuation, real...... 8,213,800 NAME AND PURPOSED is t r ic t o f C o l u m b ia —
3s. July 1. $3.000....July 1, 1893 Tax valuation, personal 786,200
3s. July 1. 5,000 ...July 1. 1898 Total valuation 1392... 9,000,000 Fifty-yr. funding 1874 c ,< r 3 65 F & A Aug. 1, 1924 $14,033,600
r
3s, July 1. 5.000 ...J u ly 1, 1903
t Refund’ g reg. bonds. .1891 3*o J & J July 1,
19012,800,000
Assessment Is H actual value.
($100, $500 and $1,000 each.) Subject to call after July 1, 1893.
5s. July 1. 10.000... July 1. 1908 8tale tax (per $1,000)........... $1-77
Cut'nr H ouse Boxuw—
&T\veuty-y.r fund. 1879 c & r 5
J & J July 1,
1899870,400
Population 1890 was.......... 26,080
5s, J&J. $ 8 0 . 0 0 0 ...... July 1. 1922 Population 1880 was.......... 26,451 d Water stock.....................c 7
J & J Oct. 1, 1901
354,000
d
do
......................c 7
J & J July 1, 1903
15,000
INTEREST is payable at the National Bank o f Baltim ore; on the
L a t e Co r p o r a t e o f W a s h i n g t o n —
eoonty .bonds at the County Treasury also.
bTliirty-year funding........ c 6g M & N Nov. 1, 1902
576,800
T A L B O T C O U N T Y . — W.
R e d d ie . C
o.
Clerk.
'The faith o f the Uuited States was pledged to secure the payment of
the interest mi these bonds and to maintain a sinking fund sufficient to
County seat Is Easton A ll bonds o f this county are exempt from redeem them all by maturity. The issue is limited to $15,000,000 and
taxation
is exempt from taxation by Federal, 8tate or municipal authority. The
LOANS—
Total debt April 1, 1893.. $41,000
Tax val't'n o f real estate.
1891. ab*t % act’ l. was.6,917,5 16
Optional after April 1.1902 T ax valuation, personal.2,246,120
8CBOOL Bo Xus ($500)-______
Total valuation in 1891.9,161.666
p. $1,000.
AAO." $11,000. U .O c M . 1883 Stale A Co. tax1890 was $10 07 lj
in
19,73,i
£ ($1,000 due y')y) to Oct. 1 1902 Population In 1880 was
.
Population
19,06i
R u l e d , • B orn e—
When Due.
3s, AAO. $13.000___ Apr. 1, 1912
coupon bonds are for $50 and $500 each, the registered bonds $1,000
and $5,000 each.
t These bonds have the same guaranty as the 3*65 per cent bonds.
IN T E R E S T -W H E R E PA YA B LE - -In terest on the bonds is paid at
the United States Treasury in Washington and at the 8ub-Treasury in
New York.
T O T A L DEBT, SINK ING FUNDS, ETC.-The subjoined statement
shows the District’s total debt on the 1st of January of each of the last
three years.
1892.
1891.
1893.
$19,133,400
..$18,649,900
$19,583,050
Total funded debt..
409,158
Sinking funds.........
On July 1.1878, when the duties of the Sinking Fund Commissioners
of the District were transferred to the Treasurer of the Uuited States
the total debt was $22,106,650.
ASSESSED V A L U A T IO N .—The District’s assessed valuation and
tax rate at different periods have been as follow s:
Year.
Real Estate.
1890 (tax 1891)$141,609.891
1888................. 115,485,353
1885.................
93,491,891
Personal
P roperty.
$11,697,650
11,728,672
12,715,686
Total A s u 'd . Rate o f Tata
V a lu a tion , p e r $1,000,
$153,307,541
127,214.025
100,207,577
$15,00
15,00
15,00
7G
D e b ts
and
R esou rces
O F
T H E !
I N
T H E
TATES,
WESTERN MIDDLE STATES.
IN D E X FOR T H E W E S TE R N M ID D L E STATES, C ITIES, Etc.
O H IO —State, Cities, & c.................................. Pages 76 to 84
IL L IN O IS —State, Cities, & c ......................... Pages 88 to 93
IN D IA N A .—State. Cities, &c........................... Pages S4 to 88
M IC H IG A N —State, Cities, & c....................... Pages 94 to 97
State of Ohio.
ITS
DEBT, RESOURCES,
E tc.
Adm itted as a State (A ct A pril 30, 1802)
Feb. 19, 1803
Total area of State (square miles)
.
.
.
.
41,060
State Capital - - - - Columbus
Governor (term exp. 2d Mon. Jan. 1894) - W m . McKinley, jr.
Secretary of State (term ends 2d Mon. Jan. ’95) Sam’l M. Taylor
Treasurer (term exp. 2d Mon. Jan. 1894)
W m . T. Cope
debt” was $13,897,242 and the other items $2,534,077, a n d in l8 8 o
the bonded debt had been reduced to $6,476,805. The details o f the
State debt as it stands now are given in the statement which follows.
LOAN S—
—
NAME AND^PURPOSE.
Interest .— ,
P .C t. Payable.
----------- P r in c ip a l. -------W hen Due.
Legislature meets biennially in even years, on the first Mon
day in January, but adjourned sessions are held in odd years.
L o c a l Debts—
Debts o f counties................................. $6,441,84100
There is no lim it to length o f sessions.
Debts o f cities, first and second class. 58,419,115 00
H ISTO R Y OF DEBT.—Ohio's debt history begins with what may
be oalled the inauguration o f the construction of its public works.
I t was on the 4th o f July, 1825, that the breaking o f ground was cele
brated (1) for the National Road west of the Ohio at St. Clairsville, and
(2) fo r the Ohio Canal at Licking Summit. The latter ceremony was
made an occasion of special rejoicing, and was graced by the presence
of Governor Clinton o f N ew York and G overnor M orrow o f Ohio ; it is,
too, the event which more particularly belongs to this b rief history of
the public debt, because it was a purely State enterprise, and further
because the accounts of the gathering contain the added fact that
Messrs. Lord and Rathbone were present, who had taken the first loan
of Ohio 5 per cent stock at 97 ^ per cent.
We have called the year 1825 the date when Ohio began its system
of public works. That statement is not strictly correct, the Miami
Canal (first projected from Cincinnati to Dayton on the Mad R iver)
having been begun in 1820 and opened 44 miles to the Miami R iver in
1827, being carried to Dayton in 1829 and then finished to Toledo in
1835. But that enterprise, during its earlier progress at least, seems to
have been paid for by the sales o f land, so that the first bonds put out
b y the State were, as remarked above, in 1825, the money being ostensibly raised for the Ohio Canal project, which was carried through and
was finished, uniting Cleveland and Lake E rie with Portsmouth on the
Ohio, in 1835. The other projects which received the aid o f the State
w e need not cite here. They included not only canals but turnpikes
and railroads. A t the close o f 1835 the debt of the State was reported
at $4,500,000. In 1844 it was reported at $19,373,251, which was the
maximum figure, the total in 1845 being $19,318,020 and in 1849 being
$19,173,223; this latter total (and w e presume the total for each o f the
years 1844 and 1845 is also made up in the same way) includes not
only what was called the “ foreign debt” ($16,880,982-50) but the
■ohool debt ($1,566,930*87) and the “ domestic bonds” ($725,309-85).
A t length experience brought Ohio, as it has one after another
brought all the States, to the conclusion that private capital is the
best dependence for public improvements. Accordingly, in the Con
stitution framed by the convention held at Cincinnati i-n 1850-’51 and
adopted by the people on the third Tuesday o f June, 1851, a sinking
fund arrangement was created and debt-making by the State was
restricted substantially to $750,000, except in cases of invasion,
rebellion, etc., as w ill more fu lly appear in an item below givin g the
debt limitation not only o f the State, but also o f the cities, etc. From
th a t date progress in the decline of the amount of outstanding obli
gations has been almost uninterrupted. l u 1859 the total “ foreign
Outstand’y.
,-nn n
Sinking fund lo a n ... 1887 3
J & J , J u ly l,’93,to’98>
',000
! $250,000 y’rly £
do
do
...1887 3
J & J July 1, 1899
240,000
do
do
...1887 3
J & J July 1, 1900
300,000
Domestic loan..................... Interest ceased.
1,665
T O T A L DEBT, Et c -—T he total funded debt on November 15th **
1892 was $2,041,665; in 1891 the total funded debt was $2,291,665;
in 1889 it was $2,796,665 ; in 1887 it was $3,340,000; in 1885 it was
$3,720,229; in 1880 it was $6,476,805.
COMPARATIVE STATEMENT OF TEIE STATE AND LOCAL DEBTS rN 1890
AND 1891.
1891.
1890.
Funded State debt (loans).................. $2,291,665 00
$2,541,665 00
Irreducible State debt (trust funds).. 4,616,579 68
4,609,863 04
Debts o f incorporated v illa g e s ...........
Debts o f townships..............................
Debts o f special school d istricts.........
2,738,064 00
307,869 00
3,326,855 00
Total local d eb ts........................... $71,233,744 00
$6,974,779 22
50,580.40996
2,008,05000
325,88747
3,103,83009
$62,992,956 74
ASSESSED VALUATIO N-—The assessed valuation o f real and per
sonal property in the State has been as fo llo w s :
Years.
1892..
189 1..
1890..
1885..
1880..
1875..
1870..
1860..
1 1850..
1840..
1830..
i
.
.
.
.
.
.
.
.
.
.
.
R e a l Estate.
P e rs on a l P rop erty
$1,167,305,647
1,151,038,954
1,232,305,312
1,160,165,882
1.102,049.931
1,062,915,044
707,846,636
639,894,311
341,389,838
85,287,291
50,086,250
$563,950,820
556,164,445
545,833,165
509,913,986
456,166.134
535,660,818
459,684,861
248,408,290
98,487.502
27,038,895
14,589,335
Total.
$1,731,256,467
1,707,203,376
1,778,138,477
1,670,079,868
1,558,215,965
1,598,575,862'
1,167,731,697'
888,302.601
439,876,340'
112,326,150
64,675,578
DEBT L IM IT A T IO N —Ohio has very oarefully guarded the debtmaking power o f the State. This could not be said while the Constitu
tion of 1802 was in fo r c e ; fo r under that instrument it was competent
for the Legislature to construct works of internal improvement onj behalf of the State, or to aid in their construction by subscribing to the
capital stock of corporations created fo r that purpose, or to authorize
in other ways the creation o f debt in unlimited amounts. But sinoe the>
adoption of the Constitution of 1851 the whole situation in these par
ticulars has changed, the legislative power with respect to the State
having been limited. The same is in large measure true also of the
municipalities.
F I R S T , As to the State's pow er to con tra ct debt, this is regulated under
t,lie first five sections o f article 8 o f the Constitution. Section 1 limits the
power to the supply o f “ casual deficits in revenues or to meet expenses
not otherwise provided for,” but in the aggregate debts for even the
purposes named cannot exceed $750,000. Section 2 contains an excep
tio n to the foregoin g; it grants the power to contract debt in case of inr
vasion, of insurrection, of war or of the redemption o f the then existing:
indebtedness. Section 3 reaffirms the limit, except as above specified.
Section 4 forbids the loaning of the State oredit. Section 5 further for
bids the assumption o f debts by States. We insert these five sections in
full.
Section 1. [D e b t lim ite d to seven hu nd red and f if t y thousand d o lla rs 1
.
The State may oontraot debts to supply casual deficits or failures in
revenues or to meet expenses not otherwise provided for; but the
aggregate amount of such debts direct and contingent whether
contracted by virtue of one or more acts o f the General Assembly, or at
different periods o f time, shall never exceed seven hundred and fifty
thousand dollars; and the money arising from the creation o f suc^
April, 1893.
G-fijO-OlTOS AND TOWN*.
debts shall bo applied to the purpose for which it was obtained or to
re-pay the debts so eoatractod. and to no other purpose whatever.
Section' 2. [ A d d i t i o n a l a n d f o r w h a t p u r p o s e . ] In addition to the
above lim e
bts to repel invasion,
iappress insurrection, defend the State in war, or to redeem the present
the money arising from the
contracting' of such debts
applied to the purpose for which it
was raised, -r to ra-p-sy such debts, and to no other purpose whatever;
and ail debts incurred to redeem the present outstanding indebt
edness o f the State shall be so contracted as to he payalne by the
liter provided for as the same shall accumulate
.Sect rax
j T h e s t a le (a c r e a t e n o o t h e r d e b t . ] Except- the debts above
specified in Sections 1 and 2 of This article, no debt whatever shall here
after be created, b y or on behalf of the State.
Section 4. : C r e d i t o r S t a t e : ‘/w S t a t e s h a l l n o t b e c o m e j o i n t o w n e r o r
i any manner be given
or loan d t o or in at l of an ' in li. vidua! association or corporation what
ever; nor ah-ill the State ever 1eraafter become a Joint owner or stock
holder in any company < r association in this State or elsewhere formed
>
for any purpose whatever.
S ection 5. { N o a s s u m p t i o n o f d e b t s b y th e S t a t e . ] Tho State shall
never aastiiuc the debts o f any county, city, town or township, or of
any corporation whatever, unless such debt shall have been created to
repel invasion, suppress insurrection or defend the State in war.
The foregoing sections complete the limitation as to State debt and
credit. Sections 7 . S, 9, 10 and 11 o f Article 8 cover the matter o f p ok
in g funds referred to in Section 2 above. But they need not be pub"
lished here.
S E C O N D , A s to C i t i e s , T o w n * , C o u n t i e s , d e . , so Caras the Constitution
affects the power o f the Legislature to authorize these nranieipali*
ties to create debt, the limitations are found in section 6 of article
8 and in sections t, 2 and 6 of article 13, (1) Section. 6 o f
article 8 forbids the- General Assembly to authorize cities,
dec., to become stockholder In o r to rats© money or loan
tredit to aid corporations. Arc. (2) Sections 1 and 2 o f article 13 forbid
the passing o f special acts and require general m m for conferring cor
porate powers. (3) Section 6 o f article 13 provides that the General
Assembly make provision for the organization o f cities, Ac,, by generaj
laws andicatrud their debt-making power. These sections arc as follows:
A a lic tis 8, Section 0. { C o u n t i e s , e i i i e s , t o w n * o r t o w n s h i p s n o t a u t h o r :
t i e d t o b e c o m e s t o c k h o l d e r s , Ǥe.| The General Assembly shall never
antimrlze any ocmnty, city, town or township, by vote of its citizens or
otherwise, to \ w m m h i* stockholder in a n y joint stock company, corpora
tion or a^otfiatioi*' whatever; or to raise money for. or loan, its credit
to, or In ait! of, any such company, corporation o r as^-ociatioii,
Ahtict.n 13, Section 1. { C o r p o r a t e po«*rrtJ. T ile General Assembly
shall pase no special act ooufcrriitg csurponite powers.
Seotiotl 2, [ (j o r p a r u t t o t t B h o w f o r m e d Corporations may be former!
under general law s; but all such laws may from time to time be altered
or i t p c t k i
Seetfeu tl. t O r g m i t i t d i o 'n o f e d i t s , $ e .\ The General Assembly shall
provide for tkc organization of cities amt Incorporated, vllhiges by gene
ral laws and restrict their power of taxation, a^ses^ment. borrowing
money. c*>ntra*'ting debt# ami loaning their credit, so as to prevent the
abuse o f such power.
One at first sight would infer from section 6 article 8 above cited that
could aotsohscrlbft to the stock o f or loan money to .railroads, as
n>ffarod4» are corporation* and Joint-stock companies. That, however,
Is not a correct eonelnsion, m was decided in the ease o f W alker t $ . The.
Otijr o f Cincinnati, a case which arose under an act o f the General
Assembly o f Ohio entitled “ An A ct relating to cities of tho first class,’*
authorizing any sttoh city to conatrufct a line o f railroad therefrom to
any other tormina# la that State o r In any other State. In
piiramuMj© o f the authority that act purport® to give, Cineliinatl
ajutartook to build the? Cincinnati Southern KailrotuL To teat the legal
ity o f that proceeding this action was brought The Court’s opinion is
very full and explicit, the conclusion being that from '* the language
<#o f the • 2
M
*jtion It to *pdte evident that It w a * n o ! i n t e n d e d t o p r o h i b i t
*4 t h e e o n s t r u e t i o n
o f
r a ilr o a d s
n o r in d e e d
to p r o h i b i t a n y s p e c i e s o j
77
P O P U L A T IO N OF S T A T E ,—1 hio may he called the pioneer State
O
o f the West, having been the first Western State to be admitted to theUnion. This event happened at the beginning o f the century—in 18 02—
and the State’s growth in population since then has been marvelous,In 1800 (the first census which gave a record of her population) the
number o f persons within the State was reported as only 45,365. A t
that tim e she stood nearly at the foot of the list of States and Territor
ies, ranking 18. In 1830, however, she had already approached the
m illion mark, having 937,903 persons. In 1860 we find she had got
.above 2% million, and for 1890 her population is reported as 3,672,316.
A t this figure she is.surpassed by only one Western State, namely Illi
nois, and two Eastern States, New York and Pennsylvania; in other
words, she ranks fourth in population now.
1890............. 3,672,316 I I8 6 0 ............2,339,511 1830....... .937,903
188 0..............3,198,062 1850..............1,980,329 1820..
.......581.295
.......230.760
1870......... ...2,665,260 |1840..............1,519,467 1810..
The addition in 1860-70 was 325,749, or 13*92 per cen t; in 1870-80
532,802, or 19*99 per cen t; in 1830-90, 474,254, or 14*83 per cent.
B A N K S -S T A T E , N A T IO N A L A N D S A V IN G S IN S T IT U T IO N S ,
—It is almost superfluous to say that banking operations in Ohio have
been greatly extended in recent years. That follows necessarily from
the .growth in population, in wealth and in industrial activity. The
national banks overshadow all others in the State. Thera were on Deo
9, 1892 239 of these institutions, and they held over 103 millions o f
deposits, against about 55 millions held by the 203 national banks in
existence at the end of 1S85. As to the State banks, if we take the rex
port of the State Auditor as a guide, there were 85 of them in October
1892, including a considerable number of savings banks exercising th©
functions o f commercial banks. These 85 had $7,550,825 capital,
$1,954,012 surplus and $29,389,544 deposits.
—1892.-1885.N a tio n u l.
O h io .
(D e c . 1 ,’92.)
No. o f banks.. ....
239
S ta te .
N a tio n a l.
( D e c . 24.)
S ta te .
(O c t . 92.)
203
C a p ita l................$45,115,600 *$7,550,825 $36,734,000
9,311,266
Surplus & profits. 16,253,080 *1,954,012
54,902,149
Deposits, indivd’ i. 103,234,119 *29,389,544
*85
*.?2,537,000
t502,094
*6,880,201
* Coro prebends a large number of stock savings banks exercising
commercial functions. '
t Taken from report of Comptroller of tbe
Currency for 1885. and may have been prepared on a different basis,
from that followed by us.
% have no metftts of determining how much of tbe deposits of tbe
Vo
Stock savings banks in tbe totals above were actual savings deposits.
But taking (Ue four mutual savings banks in tbe State, sayings deposits
during tbe last decade have more than doubled, and in October, 1802,
amounted to about 23 million dollars,
1892.
1885.
1881.
1875.
S a v i n g s B a ilie s r.
(O c t . )
(O c t . )
{ A p r i l 1.)
4
4
4
Ko, o f banks___
159,565
*34,553
28,587
So. of depositors
Amt. o f deposits. $2!,916,909 ¥12,823,374 $10,902,052
315095
200,462
692,115
.Sitrpius&proflte
*414
371
381
Ay. each deposit
Estimated.
t These figures are for June 30,1892.
Of the above $21,946,909 deposits for October, 1892, the sum of
$22,744,663 was held by one institution, namely, the Society for Sav
ing# In the city of Cleveland.
C i t i e s , (J o u k t i e s
and
T owns
IN THE
STATE OP OHIO.
The section coo mi us no direct reforwnce to
ratirawls nor to say otlnir apodal das?w» o f Im provem ent or enter- I
— County seat is West Union.
“ p t f a & o The inhibition* are directed only against a particular maimer j
Cash on han d ................ $19*^74
LOANS—
W hen D u e.
*4 o f mesaiis by which muter the Gou-iilttition of 1802 many public im« :
Net debt 8ept. 1, 3892...
48,266
COSiSTY Ft KK AND MAP—
6s, .....$67,8*0................-- -J1897 Tax valuation 1892....... 5,05 >,935
** psovaments had'been accompltolled. *’
Total debt Sept. 1 , 1892...$6<f840 Population in 1890 was......26,093
In compliance with section 6, article 13 icl ted above), which provides
fo r tho organization o f cities etc. by general law, tho Legislature has
A K R O N . —S. D. S e w a r d , Mayor.
made an c!al>-«-*rate
o f m s a k i p l corporations. First they
Akron is the capital of Summit County.
are .divided Into cities, village# and. hamlet#. Then cities are divided
j
—
I m o u n t . I Street improveraen15s.. .$427,500
Into two oia##*-.v<, tho ffcO ohiss belug siiM itid ed into three grades and
SrTiSd bond 5», 1901...... $150,000 |Total debt Sept. 1,1892.. 4.7,500
tb»f soocmdl cLma being #ulidivbic4 into four grmte#, the grade being
IN T E R E S T is payable at the office of the City Treasurer in Akron
determined by population according to the last Federal Census.
and at the National Park Bank in New York.
CUtes in t .u - Piggy Class -First grade itidlddni alt cities o f more than
ASSESSED V A L U A T IO N .—The city's assessed valuation and tax
200,00$ inhabitant*; * m o w l grade all lens titan 200,000 and more than
rate have been as follow s:
&
0,o®O inliA 4tan to ; third grade .01 !> * i than 00,000 and more than 31#*
•
T o ta l A s s e s s e d B a t e o f T a x
Beal
P erson a l
V a lu a tio n ,
p e r $1,000
§00 iuhabltanto,
T ea rs.
E sta te .
P r o p e r ly .
$24-00
$10,042,090
Cities In the S icO vn Cn,iss—Flral grad • includes all cities of less than 1892...........................................................----21-20
14,702,770
.............
25-40
31.5O0 and mure than 30,500 inhabitants; .seoamd grade all leas tlim ..........................................
11,607;000
1^90
___- *.......
12-00
10,889,050
$4,002,260
30r50O and m o m titan 20,000 inhabitant#; third grade all lo r n than 1 8 8 1 " Y Y - - -S0.8SO,7SI0
12-00
10,407,018
3,783,308
........ 6.694 220
2 0 .000 and more than 3
.0,000 tniiafiit. m U i fourth grade all leas than 1888
12-00
9,293,133
3,365,563
1883;............... 5.927,570
11-80
7,473,792
10.000 * w t m o m than §,000 Inhabltnnte.
.
2,543,130
IS80
........ 4,930,662
f ’l JLiAOrs-Ot the first r i m s Include all having 1 « * than 5,000 and
P O P U L A T I O N '-T h e population in 1890 was 27,601; in 1880 rt
metre than 3,000 inhabitant*; the second class includes all having less
was 16,313; in 1870 it was 10,006.
than 3,000 and morn than 200 inhabHani*.
HAJktA.Trt-Af’eowling to p otio n 1550 of the Revised Statutes all ex
utts
isting eorjN'iration# organiz»ai as **incorporated villages fur special
County scat is Lima.
T ax valuation 1892..$19,200,000
** putpo^ea shall be hamlets until advanced to villages.
LO ANSw hen D u e‘
Assessment about 40 p. e.-act._vaL
It Is impossible to make any satisfactory generalization with regard
CHILDEES’S HOSBS—
State ta x tper $1,000) 1892.$2 75
to the bonding power the to-gi-datara te*- grunted these municipalities. 68. F&A, $ 10,000...A «K .,lo , 1896 County tax (per $ l.OOO)....-$8-45
Interest jiayable ia Fima.
Thera are v tew *ootion» <»f the Revteed .statute® authorizing bond Total debt Get. i 1892— $50,000 Population in 1890 was----40,044
% m n m which have a universal application, such as the provision
granting power to ia*uc- bond* in anticipation of special assessments,
St i l l w e l l ,
bus mo4 o f tho laws for that purpose cover only one class o f cities, and
This City is in Stark County. The citizens have recently voted for
many o f them arc m worded as to apply only to one city, and granting
sewer bonds to the amount of $30,000.
JY
mm Issue o f bond® for a specific, purpose. No general laws limiting the
Xp/tOU. A'll jnws» - .
.
LO A N S W h e n .D u e .
Cash on hand... .v. . .;. ._......... v '
HetdebtSopt. l, 1 892.--.-103,102
nrtniMi
to Incur IndaMfeliMto have been passed, al8TRBBTIMPKOVEMBNU—
Tax valuation 1892....$ 2,581,020
«houi?U section o. article 13, appears to require it. And yet is it not a fis, $170,008..........................1902 Total tax (per $1,000).......
Payable by special assessment.
in ^ c o n whether that section calls for any legislation of a genera
Population in 1890 was....... 7,607
Total debt Sept. 1892.. $170,008
nature ©raej t v general law " for the o r g a n i z a t i o n o f cities, Ac.’ I
** p u b i i e
im p r o v e m e n ts .
ADAM S COUNTY.
A L L E N C O .— c. D. O
A L L I A N C E .—J. M.
, Auditor.
Mayor.
BlfiTt MID CITY SUTfl£M £W T
78
A S H T A B U L A . —F. C. Moore, Mivor.
The village and school district of Ashtabula is in Aslitalmla County.
$35,210
LOANS—
When Due. Village debt Sept. 1801.
29.01'0
Street * 6 ». $25,000................. 1808 School debt Sept. 1. ’02.
Street *(5s, 27,000...... ’94 to 1903 Valuation (Village) ’ 02. 2,010,07
545.728
School 6 s $8,000 ...................1894 Valuation (School Dis.).
do do 17,000.................... 1900 Tax rate (V illa g e )........
2910
34-00
do
5s, 4,000.................... 1895 T ax rate (School D is)...
Population (V ill.) 18o0 w a s..8,338
*lPayable by special assessm’t.)
A V O N D A L E . — G e o r g e II afek, Mayor.
This village is situated in Hamilton County.
LOANS— Interest .— . ,------------- P r in c ip a l. ------------NAM E AND PURPOSE.
P .O t. Payable .
When Due.
Outstand'g.
School boiids 1892....... 5
M & N ) $2,000 d u a l l y 4 £ $24,000
Sewer loan..................... 5 V a n ’ us.
1904-1915
54.000
do
..................... 5 Vari’ us.
Aug. 1. 1917
5.000
Sidewalk bond?*............. 5
........
Oct. 1, 1912
15.00"
Street improvement___ 4
.......
1921
100.000
do
do
1892 4
J & J
Jan. 1, 1922
25.000
Street imp., tire & police 5 M & 6
Sept. 1, 1914
15,000
do
do
.5
M & N
M ay 1, 1915
10,000
do
do
.5
A & O
Oct. 1, 1915
1 8 .0 0 0
do
do
. 5
J& D
June 1, 1916
15,000
Turnpike & iinprovom’ t. 5 M A N
May 1, 19-4
25,000
J & J
Jan. 1, 1907
75,000
W ater loan................. 5
INTE R EST is payable at the Fourth National Bank o f Cincinnati,
Ohio.
T O T A L DEBT, E t c *—T he total bonded debt (including w ater debt)
on Feb. 1, 1893, was $357,000; sinking fund, $10,72''; net debt,
$346,280. There were also on May 1,1892, additional special assess
ment bonds (5 per cent) to the amount o f $77,94o 53.
ASSESSED V ALU A TIO N in 1892 of real estate was $3,990,100:
o f personal property, $900,550; total, $4,890,650; State tax (per
$1,000), $2*75 ; county tax, $4-07; village tax, $10-80; average school
ta x , $5. In 1891 the total assessed valuation was $5,086,270; total
ta x rate (per $1,000), $24*34. Real estate is assessed at “ about 50 per
cent o f its actual value.”
P O P U L A T IO N .—The population in 1890 was 4,473; In 1880,2,552.
B E L L A I R E . — S. S. M cG o w a n , Mayor.
This city is in Belmont County.
LO ANSCity N otes—
When Due.
< 8 M&S, .$16,765....... 1 to 3 years.
5,
Street P aving B onds—
as, M&S, $66,100...... 1891 to 1900
(Part due yearly.)
W ater B onds—
6s, A& ,0 $25,000.......Oct. 1, 1893
(Subject to call after two years.)
5s, A&O, $50,000......Oct. 1, 1900
5s, A&O 50,000......Oct. 1, 1910
Interest is payable at Bellaire.
Total debt Sept. 1,1892. $198,,716
Sinking fu n d '...............
14,,085
Net debt Sent. 1, 1892..
184 ,631
T ax valuation 1892___ 3,028. 84 3
Assessment less than ^ actual val.
Total tax (per $1,000)..
$2:3-90
Population in 1890 was........ 9, 934
Population in 1880 was........ 8 ,
,025
A. L. W R IG H T, Mayor.
i g l . s m ITH ,, c rk
. L. SM i t h Clerk.
ie .'
This village is in Logan County, Electric ligh t bonds to the amount
a l $25,000 have been authorized.
LOANS —
W hen due. Floating debt.................. $12,950
R ailroad Shops—
Total debt......................
167.950
6 s, J a .I, $85,000........... 1905-1914 T ax valuation 1892 abt..2,200, 00
W ater Works—
Total tax (jier $1,000).
$36\50
6 s, J&J. $70,000........... 1893-1904 Population in 1890 w as........ 4,245
Bonded debt Jan. 1. 1 8 9 3 .$ 1 5 5 , 0 0 0 Population in 1880 was........ 3,998
INTE R EST on the rad road bonds is payable at N ew Y ork ; on the
water works bonds at Bellefontaine.
B E L L E F O N T A IN E .—
BELM ONT
CO
. — County seat is St. Clairsville.
The State Legislature has granted this county authority to issue
$50,000 of bridge bonds aud $30,000 o f turnpike bonds.
LOANS—
B ridge B onds—
When D ue.
P ike B .NDS—
5s, $16.000.......................
1907
5s, 90,000 .......................
1909
Total debt Shpt. 1892.. $338,000
Court House and Jail T IX valuation in 1892.21,556,098
s, $162.000.......................... 1902 I Population in 1890 w as..’..57,413
Ss, $10,000............................ 1897
58, 50 000............................ 1905
B O W L I N G G R E E N . — A. B. M u r p h y , Mayor.
Bowlin; Green i 6 in Wood County
"
”
LOANS
When D ue. I N et debt Sept. 1,1892... .$107,000
®as,city ball a n d ). .
9fl nnn
street imp.
\ bs $ 1 2 0 ,0 0 0 . .’07
T otal debt Sept. 1,1892..$120,000
Cash on hand................... 13,000
T ax valuation in 1892... 640,630
28'00
T ax rate per $1.000........
Population in 1890 w as........3,467
Population in 1880 was........1,539
B R O O K L Y N . —F. E.
B l i n , Mayor.
This village is in Cuyahoga County. Bridge bonds to the amount of
$160,000 have been authorized this year.
LO \N 3—
When due. Tax valuation 1892....... $696,565
"
Sewer , Water, P aving , etc.—
Total tax (per $1,000)
18-10
Ss, $176,863.....................
1905 Population in 1890 was.......4,585
T o ta l debtSept. 1,1892. .$176,863 Population in 1880 was........1,295
R T T P V R TTc;
5c. S. W ARD. Mayor.
.OLD LA i n u o . — \ JOHN B L Y T H , Treasurer.
This city is the county seat of Crawford County.
LOANS—
When Due.
6 s. M vN, $4,500....... M ay 1,1902
G as Bonds—
6 s, J&D,
7,200....... June 1, 1902
*'• J&J, $3,000..........July 2, 1895 Total debt Jan. 1, 189S.. $87,700
M achine Shop—
T ax valuation, real....... 1,619.990
6 s, M&S, $ 8 , 0 0 0 .......Sept. 1,1893
Tax valuation, personal. ,153,47'
Subject to call before, maturity.
Total valuation 1892___ 2,773,460
Sewer Bonds—
Assessment about 13 actual value.
6 s, M& S, $6,000....... Sept. 1.1898
State tax (per $1,000)........ $ 2 - 7 5
Street I mprovement Bonds—
County tax (per $1.000)...
4-35
Sft, J&D, $5,000......... Doc. 3, 1897 Cite tax (per $1.000).......
14 20
6 s, J&J, 45,000.........July 1 , 1900
Average school ta x ..........
4-00
6 s, MW8 , 9 , 0 0 0 ......... Sept. 1,1901
INTEREST on $33,000 of the street improvement bonds due in 1900
i s payable at N ew York City; on all other bonds at Buoyrus.
Vol. LVI.
B U T L E R C O U N T Y . __ County seat is Hamilton.
The county has been authorized to issu© $25,000 of bridge bonds.
LOANS—
When Due. 4Ljs,J&.T, $ 2 0 , 0 0 0 ...Ju ly 10, 1906
4L>s,J&J, 25,000 ...Ju ly 10,1907
B ridge B onds—
5s. J&J, $30,000......July 10, 1893 Total debt Sept. 1, 1892 $387,000
22.415
<$10,000 due v’ liy ) to July 10, 1895 Cash on band....... .
364.585
4L.s, J&D, $17,000.. Juiie 15, 1896 Net debt Sept. 1. 1892.
Tax valuation 1892 — 30, 101,31.1
County D ebt F und—
Real property being assessed at
, M&N, $10,000... .May 1,1893
about n, actual value— __
Court H ouse B onds—
State and Co. tax (p er$1,000)
5 s ,......... 45,000 ...Dec, 1,1898
1890....................................$6*95
($15,000 due yearly) to Dec.1,1900
4s, M&N, $100,000..May 6 , 1901 Population in 1890 was...... 48,597
($20,000 due yearly) to M ay 6,1905 Population in 1880 waft...... 42,579
C* A w /
ttzj ’c ? T TY i'’’ TT
5JAS. R. B A R R , Mayor.
Lz A l v i t s r t
— >J. E. EATON, Treasurer.
This city is located in Guernsey County.
$5,000
LOANS—
Amount. Floating debt...............
43.000
Chain factory, 6 s .......
$ 5 , 0 0 0 Total debt Dec. 1, 1892,.
T ax valuation 1892........ 1,383,678
Fnuding 6 p. c. bonds.
5,000
Rolling m ill 6 s............
28,000 Total tax (per $1,000)’ 91 . $‘28'70
4,361
Bonded debt Dec. 1,’92
38,000 Population in 1890 waft..
IN T E R E S T on the rolling mill loan Is payable in New York and on
other loans in Cambridge. Tlio assessed valuation o f real estate 1»
about one-half its actual value.
I J. F. B L A K E , Mayor.
I W. LIC H T E N W A L L E R , City Clerk.
This city i 6 the county seat of Stark County.
LO A N S —
When Dv,e.
LOANS—
When Due.
Str e e t I m p . B o n d *—(Cont.)—
City H all and Market H ouse
5s, . ... $4 6,500....... Apr. 1. 1894
B -NDS—
5^8, M&N, $6.000..Nov. 1,1893 ($15,500 due y’rly) to Apr. 1, 1896
7.500......... Apr. 1,1894
5^8, M&S,
9,000..Sept. 1.1893 os.......
(+=3, 00 due yearly) to Sept. 1.1895 ( 1,500 due yearly) to Apr. 1,1898
_
1,400.........May 1, 1893
5 *2 8 , M&~,
1,000..Sept. 1,1896 5 s ,_
5 *2 8 , M&S,
9,000..Mar. 1.1894 5 s ,___ 44,000.........May 15, 1893
($11,000 due v’rly) to May 15, 1896
(1=3,00" due yea Jy)toMar. 1,1896
5s, .... 16,000........May 20. 1893
Current E xpense B »nds—
5b. M&S, $12,500... .Mar. 1. 1899 ($4,000 due yearly) to May 20. 1896
360.........June 1. 1893
5s. M&S, 12,500....Sept. 1, 1899 5 s , ___
5*, . .. .
28,000....July 15, 1893 5 s ,___ 12,000.........nine 1, 1893
<$4,000 cue yearly) to July 15. 1899 ($4,000 due yearly) to June 1, 1895
5s, ...
0 00.....»uly 15,1900 5s, .l&D, 43,000...... une 1,1893
(Part due yearly) to June 1,1902
E ngine H ouse Bonds—
1.300................. uly 14,1893
5*2S, M&N, $ ,000..Nov. 1 1893 5 s ,....
5 s ,___
2,500........ July 15, 1893
Fire Department B onds—
5 s ,___
3,000.........July 14, 1893
4*2«, F&A, $25,000..Aug. 1, 1899
($ 1 ,0 0 0 due yearly) to July 14,1895
J udgment B onds—
5 s ,....
2 000........J uiy 14, }§9 3
5*. M&N, $4,939... .May 20,1893
($500 due yearly) to July 14,1896
Market H ouse B onds—
5s,
14,4 0 ........July 15, 1893
5s. J&D, $26,000...... June 1,1908
($3,6 6 due yearly) to uly 15,1896
P ark B onds—
5s, A&O, $5,000.. Apr., ’ 98 to 1902 5s, . ... 1 ,000........ uly 15, 1893
($2,000 due yearly) to July 15. 1897
Sewer B onds—
2.000.
: . . . . Feb. 1, 1894
5s. J&J,
6,000....July 1,1894 5s, ....
3.500
................. Apr. 10,
5s, J&J,
6, 0 0 ....Ju ly 1.1895 5 s ,---1,400....... May 1. 1894
5s, J & l,
7 0 0 0 ....July 1,1896 5 s ,___
360....... June 1, 1894
5s, M&N, 12.000... .May 20, 1901 5 s ,___
2.500
................. uly 15,
5s, M&N, 13,000... .May 20, 1902 5s, ....
2,700....... Feb. 1, 1895
5s, F&A, 12,000... .Aug. 20, 1902 5s,
5s. F&A, 13,000... .Aug. 20, 1903 ($900 due yearly) to Feb. 1. 1897
9.000........May 15, 1897
5s, . ...
22,000... .Feb. 1, 1904 5s.......
1,500....... O t , 1,1897
5s, J&J,
............... uly 1,1904 5 s ,....
v atkr W orks B ondsV
(Part due yearly) to inly 1, 1908
5s , . . . .
2 2 ,0 0 0 ...Feb. 1,1905 68, J&J, $30,000....... Jan. 1, 1896
Street I mprovement B onds, 5^s, M&N, 6.000___Nov. 1, 1894
payable by assessment on property 5^s. M&N, 6,0 0 0 . . . . Nov. 1. 1895
5s, M&S, 15,000....Sept. 1, 1896
benetitted—
" M&S,
5 ,000....Sept. 1, 1897
6 s ,....
$225........Apr. 1,1894 5s, ----. ..Nov. 1. 1897
($75 due yearly) to Apr. 1, 1896 5s, M&N, 1 8 .0 0 0 .
. . . 5.pt. 1,1898
6 s ,____
2,400......May 20. 1893 5s, M&S, 1 5 .0 0 0 .
15.000
___________Feb. 1.
($800 due yearly) to May 20, 1895 5ft, F&A,
... Feb. 1,1900
6s, . ...
1,162........May 20, 1896 5s, F&A, 15.000.
10.000
___________July 14,
5s.......
4,200........ Aug. 1,1893 5s, J&J,
10.000.
... July 14, 1901
($1,400 due yearly) to A 11^. 1, 1895 5s, J&J,
F&A,
5s, . ...
1,600...... Aug. 1, 1893-4 5s, ____ _ 3 0 ,0 0 0 ....Aug. 20. 1904
($10,000 due y’rlv) to Aug. 20, 1906
5 s ,....
4,000....................... «>ct.1.1893
($1,000 due yearly) to Oct. 1, 1896 5s, J&J, 15,000....July 15, 1903
($,5000 due y ’riy) to July 15,1905
Street I mprovement B onds—
5 s ,.... $3,500........Apr. 10, 1803
INTE R EST is paid partly at the Chase National Bank, N ew York
City, partly at Kountze Brothers, New York, and partly at Canton.
T O T A L DEBT, E t c —The city’s total debt on April 12, 1803, was
$744,630, including water debt, $196,000 and sinking fund-, $64,000
Total debt October, 1891, was $741,157; sinking funds, $13,807; net
debt. $727,350.
ASSESSED V ALU A TIO N in 1892, $10,564,370; in 1891 it was
$12,000,000; real value, $30,000,000; in 1891 it was $ 1 2 ,0 0 0 ,0 0 0 ;
real value being about $26,000,000. The total State, county and city
tax rate in 1891 was $‘25’70 per $1,000 of valuation.
P O PU LATIO N in 1890 was 26,189; in 1880 was 12,258; in 1870,
was 8,660. Population in 1893 (about) 34,176.
CANTON
5 A. B. COLE. Mayor.
- } s .. M. V E A IL , ~
J----------- Treasurer.
This city is in Ross County.
LO AN S—
When Due. Total valuation 1 8 9 2 ...$5.228,933
Ref » n <ing B onds (G old )—
Assessment about *2 actual value.
4 * *. J&D, $100,000..Dec. 1. 1919 State ' ax (per $1,000)......... $2*75
2
Bonded debt Jan. 1,1893. $100,<>00 County tax (p er$ ,<K)0)---- 6*40
Flouting dobt...............
h.000 I City tax (per$1.0D0)........... 8*625
Total debt Jan. 1, 1893.. 10*.000 I Township ta x ($1,00 ■).......
-725
T ax valuation, re a l.......2,892,270 I Average school rax............. 5-000
Tax valuation, personal.2,336,663 |Population in 1890 was...... 11,288
O P T IO N A L .—The above bonds may be redeemed iTx each year for
seven years beginning Dec 1 , 18U2, seven each year for six years be
ginning Dec. 1, 1909, and eight on Dec. 1, 1915.
IN T E R E S T on the bonds is payable by the Farmers’ Loan & Trust
Company, N ew York.
C H IL L IC O T H E .-
r^TTsir^TTNTTSJ A T 'T
5 JOHN B. M 08BY, Mayor.
O U N O 1 IN IN /A 1 1.— ) d . w. BROWN, Auditor.
Cincinnati is situated in Hamilton County, which had a debt in 1892
o f $1,932,000.
LOANS—
- Interest .— k ,-----------P r in c ip a l. --------- —
'JAME AND PURPOSE*
P. CL Payable.
When Due.
Outstand'g.
Avenue bonds...................... 4
...........
June 1, 1912
$55,0o0
Subject to call after June I, 1902
Cincinnati South. B ’y, 1872. 7
J & J July 1, 1902
501,500
rto
do
1872. 7-3 J & J July 1, 1902
8,071,000
do
do
1876. 6g. M & N M ay 1. 1906
2,890,000
04f 10—CITIES
April, 1893.
— Interest .—■
.
t> TOWNS,
79
---------- P r in c ip a l. -----------When Due.
Outs/and'g.
M A N May 1, 100(5 $1,935,000
7 \r i. V V.... 1 i 1908
...>A
M A N Nov. 1,
839.000
6
F A A Aug. 1. 1909
920.000
4
J A D June 1. 1907
700.000
Subject to call June 1, 1897
.......... 1888 4
» A D Juue l, 190S
do
do
300.000
Subject to rail June 1. 1*98
do do
.................... 4
J A 1) June l, 1909
• 100,000
Subject to call June 1, 1899
o
do
..........1892 4
J A D June 1. 1911
175.000
Subject to call after June 1, 1901
Oou. sink, fuud 30-50». 1880 5
MA X
May 1, 1930
1.332.000
Subject to call after May 1, 1910
do
do
1881 4
.1 A J July 1. 1931
1.022.000
Subject to call after July 1, 1911
May 1, 1905
1885
Deficiency 10-20?.........----- 4* M A X
*•473,000
Net Debt.
Assessed YaVn. Tax p e r
,000.
...... .........$25,288,1X3 _
$171,950,031
$25-44
1885........... ......... 24,468,405
170,086,968
26-86
1884............ ......... 23.712,850
169,534,192
25*56
1883...........
169,025.286
20-50
1882............
166,986.105
23-82
1881............
161,404,393
22-20
1880...........
167,535,356
3100
The assessed valuation of real estate in 1892 was $144,208,810; o f
personal property was $44.735.670; total as given in table above. The
city’s tax rate in 1892 was made up o f State tax, $2-75; couuty tax,
$3 69 ; city tax proper. $16 83. and school tax, $413.
The net debt in 1875 was $17,325,500 ; in 1870 it was $4,883,000 : iia
I860 it was $3,782,000, and in 1850 it was $1,840,000.
P O P U L A T IO N -—Tu 1393 pop ilation was 296,908; in 1S80 it was.
255,139 ; in 1870 it was 216,239.
York.
3a,
3s,
LOANS—
NAM E AND
PURPOSE-
P.C t. Payable.
Cincinnati South. Ry. 1876.
A
r.
do
do
1878.
do
do
1879.
City hall 10-20*........... 1887
7-3
Years.
Subject to call after May 1, 1895
Eggle*t.Ave.aewer.LetteiB3 7-3 A A O Oei. 1, 1899
100.000
Fire Bomb*................. 18x8 4
J A D June 1, 1908
159.000 C I R C L E V I L L E . —J. C. H a b p e r , Treasurer.
M A X May 15. 1901
995.000
Funding..................... 1874 7
Circleville is situated in Pickaway County.
Fund, and Canal. Let. AAA2 G
M A X May 1, 1897
*171.500
Funding debt. Letter L....... G
A J Jan. 1, 1900
LOANS—
When Due.
*> 9,0*M
(
l
Tax valuation, real......$1,666,300
A I) June 1, 1901
Gen. I deficiency l*>-2*>a....... 4
•*499,500 fis, MAS, $25.000......1893 to 1900 Tax valuation, personal 1,533,587
6s, M a s , 17,000.......Sept. 1, 1894 Total valuation 1891.. 3,199.887
Subject to call at any time.
Hospital, 1867. Letters .... 7*3 J A D «uue 1, 1897
500.000 ($1,000 due yrly.) to Sept. 1, 1910 Total tax, per $1,000..
$23 40
250.000 fiiterest payable at City treasury. City tax (ineluded) ___
do
1858. -etter 82... 7 3 M A X Nov. 1, 1898
$9 00
50,000 Bonded debt (last ret urns). $42,000 School tax (iucluded)...
do
1876. Letter S3... 7 M A X May 1. 1906
$4-55
7,900 Population ii. 1890 was....... 6,556
Liberty Street viaduct........ 4 J A D June 1. 1939
*08.000 Floating debt...................
Total debt......................... 49,900 Population in 1880 was....... 6,046
Subject to call June 1, 1919
Me Lean Are. aewer, Let.U2 5 M A X May l. 1909
*35,000
do
do
do
0
M A H j 1 d * lg ^ 1 *
^
105.000 C L E R M O N T C O U N T Y . — County seat is Batavia.
LOANS—
When Due. Cash on hand .............
On*ban naylitm. registered.. 6 M A S Mar. 17, 1908
100.000
$18,875
Dk.i lClt.VOV Bonds—
Net debt.Sept.l, 1893..
91,125
Pavement....................... 4 .i 6c I)
uue 1. 1905 **2,000.000
6m .... $i 1 0 , 0 0 0 ..................1901 Tax valuation 1892 ...10,937 250
,
Subject to call Jnue 1, 1895
do
......................... 4 I
A D June 1. 1908
125.000 T oial debt Sept. 1, 1892. .$110,OuO Population iu 1890 was......33,553
Subject to call Juue 1. 1898
do
......................... 4 J A D June l, 1900
150.000 n r F V F I A T S J F l
5 WM. O. ROSF. Mayor.
Subject to call June 1, 1899
° m I L v E- L - f A IN L J .— ) W. j . GLEASON. Comptroller.
L
do
.......... ............. 4
J A D
June 1. 1910
*150,000 ; Tub* i-ity is situated in Cuyahoga County, which had a debt in 1892
Subject to call Juue 1, l!*>0
o f $20,000.
do
......................... I
J A G
June 1. 1911 *450.000
TF7lcn Due.
LOAN*
LOANSWhen Due.
Subject to call Juue 1, 19*11
B ridg e 1
)ONDB—
Sou>ni. < it y F arm ).
C
do
......................... 4
J A 1) June 1. 1912
450.000
3*. AarO, $80,(8 KX... ..Oct., 1895 4^2-m a a u , $14,000...... Oct., 1895
.
Subject to call after Juue 1. 1902
SEWER Bonds —
8ewrr A Gilbert Ar., R.AU
7'3 M A
Sept.15, 1899
300.(88* 3s, AAO, 16.0(8). ...Oct., 1H97
3m
,
lower h o u d * ......... 1893
4 J A D June 1. 1932
200,000 3m AAO. 63.(881. T. . .Oct., 1X99 5s, A AO, $2 , 0 0 0 ...... Apr., 1893
, AAO, 20,O(H».... ..Oct.. 19(8) 5s, A AO, 22,000...... Oct., 1893
Subject to call after June 1, 1912
V*. AAO, 20.(88) ... ..Oct., 1903 5s, AAO, 2,000...... Apr., 1894
a a O, 74 000.... ..Oct., 1897 5s,
Street Improvement. ........ 5
aeml-an. | fJ ^ ^ V l 902 <
^
AAO, 83,000...... Oct., 1894
Trunk aewer................... 4 J A D June 1, 1929
*100.000 I**--. AAO, OO.ooo___ ..Oct.. 1899 5s, AAO. 2 . 0 0 0 ...... Apr., 1895
5.(88)___ ..Apr., 1H1I4 5s, AAO, 43.0(H)...... Oct., 1895
l*S AAO,
Snhlect U call after June 1. l!**9
>
do
1*93 4
J A J Juue 1. 1932
200.000 Is, M a s , 10.000___ ..Mar.. 19(8) 5s, AAO, 53.000...... Oct., 1S96
Is, M a x , 30.ooo,..... May, 1900 5s, AAO, 59,000...... Oct., 1897
Subject to rail atter June 1. 191
OO.fMMI...... Oct., 1900 5s, AAO, 8,000...... Oct., 1898
76.000 Is, AAO,
7
F A A Aug. I, D
University. Letter H 2
30,000...... Oct., 1902 5s, AAO, 36,000...... Oct., 1899
397,0*8) Is. AAO ,
Waterworks Letter CDAK. 6 A A O Apr. 15, 1805
5,000...... Oct,, 1903 5s, A A O ,106,000.......Oct., 1900
1 <M
>,lino IsJ AAO,
do
L
F A A Aug. 2. 1*95
letter I) l
Canal Bonds—
5s, AAO, 28,000...... Oct., 1901
do
300.000
F A A Aug. 1, 1897
letter C5...... 7
7s, J A J. $150,000 ...Jtin., 1894 4^8, AAO, 10.000...... Oct.. 1897
do
1 0 0 .0 0 0
Letter F _____ 6
A A O OWL 15, 1900
7s. MAS, 88388)___ 8ept..l895 4 ^ , AAO, 29.000...... Oct., 1898
75,O O
O
do
Letter K ........ 6 J A l> Juue 15, l!HH)
AAO, 2,(H)0...... Apr., 1893
" A D June 1. 1911
200.000 “a, Ma 8, 26.0*8)___ Sept., 1896 4s,
do
.............. 1891. 4
H
e. MAN. 11,0*8)___ Nov., 1898 48, AAO, 3,000...... Oct., 1893
Subject to call after Juue 1. 1901
E levated Roadw ay —
4s,
AAO. 90.000...... Apr., 1895
Tiadoet booiU................... 4
Junel.1912
350,000
5s, JAD, $150.000... June, 1903 5s, AAO, 2,000...... Oct., 1902
Subject to call after Juue 1, 1902
5a, JAD, 232,000.... June, 1904
8TREET I.MPkOVKMENT B0 ND8—
PAR VALUE OF BONDS*'-The bonds In the above table marked Is, JA , 175,(88)....Jan.. 1901 5r, AAO, $59.000.. Apr. 1, 1894
thus * am. la whole or In part, $500 piece*. Bonds marked thus ** are in, MAX. 60,(88).... May, 1901 5s, AAO, 65,000...Got. 1,1894
AAO,
1902 5s, AAO, 59,000...Apr. 1, 1895
In whole or In part, $100 pieces, or uneven amounts. All other Issues in, JAJ. $100.000....Oct., 1903 r>8, a AO, 67,000...Oct. 1,1895
4,
n
100,000.... Jail.,
are In $1,000 pieces.
4n. JAD, 75,000.... June, 1903 5s, AAO, 61,000...Apr. 1, 1896
F ire Department—
5s, AAO, 460,000.. Oct. 1,1896
INTEREST—WHERE PAYABLE —Inter*,! on the ir»ter bon.I, n t
the Um
oea lettered C, D, R. F and K. and on the refunding and canal 3s, AAO, $15,000......Oct., 1895 5s, AA O 62,000...Apr. 1,1897
4»*s. AAO. 75,000..... Oct., 1895 5s, AAO, 48,000...Oct. 1,1897
hoods letter s A and A2 la payable by the City Treasurer; Interest on
F unded Debt—
Str e e t Opening Bonds—
the streei Improvement bonds, funding Issue of 1874, hospital letter 7s. FAA, $200.000....Aug., 1893 4s, AAO, $75,000......Apr., 189d
AAO. 200,000.... Apr., 1894
($5,000 semi-an.) to Oct., 1900
83, orphan asylum 6«, workhouse and Indrmary 4s. and water bonds
5a, MAH, 276,0(8)... .Sept., 1896
V iaduct B onds—
D1 is payable at the Bank of America In New York; on all other issues 5s, AAO,
JAD, $67,000.
26,(88).... Oct., 1897 78.
MAN.
65,000.
Internet la payable at the American Exchange National Bauk of New 3s. AAO, 265,0(8).... Oct., 1899 78,
AAO,
AAO,
MAX,
44*. AAO,
4hi*, AAO,
is, AAO,
is. MAH.
is, AAO,
TOTAL DEBT, SINKING FUND. Etc- - T he subjoined statement 5s.
shows Cincinnati's total municipal debt (Inclusive of water debt), the
•Inking fund held by the city against the same, and the water debt, on
the 1st ef January of each of the last four years.
1893.
1892.
1891.
1890.
Tot. funded debt.$30.787,143 $29,167.14:1 $28,992,144 $29,142,851
Sinking fund..
4.700,653
4.303.49*
4.269,073
4.229,161
Net debt
Water debt...
$26,077,490 $24,963,645 $24,723.069 $24.913.690
. $1,172,000 $1.625.0*8' $ 1.425.0*8) $1,325.0*8)
156,188)....Oct., 1900
3 9 ,(8 )0 ...Oct., 1901
100,000....Nov., 1901
27,(88)....Oct., 1895
217.(88) ...Oct., 1*98
17,000 . .Oct., 1893
117.(88) ...Sept., 1898
46.000.... Apr., 1902
$24,863,645
The unking fund holds $1,993,009 o f the special assessment street
bond* and $2,697,644 o f other city bond*. During the year 1892 there
were W rn d City Hall bond* to the amount o f $425,(88). pavcineut
a e
bond* to the amount o f $750,000, viaduct bond* to the amount of
$350,000, newer (Kinds to the amount o f $ 1 0 0 , 0 0 0 and avenue, bond* to
the amount of $55,000.
C ITY PROPERTY —The city own* the entire stock o f the Ciucln
natl Southern Railroad.
The Interest on the $18,610,000 Cincinnati Southern bonds amount*
yearly to $1,254,300. and the rental received for the road I* $1,000,000
AAO, 205,000.
AAO, 300,000.
FA A, 500.000.
JAD, 125,0**0.
MAN, 100,000.
MAS, 100,0(8).
JAD. 300,000.
MAN 170,000.
JAD. 125,000.
g eneral Fund—
W a t e r Wor ksHa*. J&i), $20 .(88)......June, 1895
is, AAO. 25.(88)...... Oct., 1895 7 b,MAN, $200,000..May, 1895
6a,
MAS, 200,(8)0..Sept., 1895
Police station —
5s, MAN. $20,(88)..... May, 1895 He,
MAS, 500,000..Bcpt., 1897
There were outstanding on Jan. 1.1993,street bond* to the amount i*«jM. MAN. 10*1,000. d...N ov., 1897
School House (B* Education ).
ef $621 ,413 payable by special n**e**menl and not Included In the Ha, MAS. $31,000 Mar. 80,1892
4*u*. MAX, 8 0 ,(8 8 ) .May 24. 1893
above statement of total debt. The amount of these bond* outstanding
4 W , MA X, 85,(88).. May 24. 1896
jm
ea Jan. 1, 1801, wan $1,830,660; on Jan. 1. 1890. It wan $2,120,245.
t LfS, JAD. 190,(88)..Dec. 15. 1899
The city's pet debt for 1892 1 represented by—
*
4H JAD, 175,000.... fune, 1902
i*,
Ctor'inaatl Bouthem Railw*y,pro*|»ectlvely *clf-»upportlng$18.010.000
Water work* actually self MtipjM.rtlng....... ....
...
1,6*.
Balance represented by all other property................. ........
4,628,645
73,.
Os,
6s,
6s,
6s,
6s,
6s,
6s,
58,
6s,
MAS,
AAO,
4s, H JAJ.
|j |
AAO,
4s,
3-65s MAS.
275,060.. Mar., 1900
400.000.. A p l.l,1902
100.000.. Jan., |m
1905
200.000.. A p l.l. 1905
100,000..Sept., 1902
PAR V A LU E OF BONDS-—The water, funded debt, Monumenta1
Park, canal, elevated roadway, bridge and general bonds are for $1,000
each.
IN T E R E S T -W H ERE PAYABLE-—Interest is payable at the A m er
ican Exchange National Bunk, New York City.
T O T A L D EBT, SINKING FUNDS, ETC.—The subjoined statement
shows Cleveland’s total municipal debt, the sinking fuud held by the
city against the same, the water debt, and the city’s floating debt, on
the first of January o f each of the last three years. The total bonded
debt a« given for 1893 does not include the water debt, whereas in the
reiwrts for previous years the water debt is included.
1893.
1892.
1891.
Total bonded debt.................... $6,792,000
$8,433,700
$8,214,760
Sinking funds........................... 2,156,998
2,027,050
2,028,895-
Net debt January 1.............$4,635,002
$6,406,650
$6,185,865
Water debt.............’................ $1,775,000
$1,775,000
$1,775,000
Floating debt........................... $137,680
$301,591
$299,335
A S 3 E O 1 0 V A L U A T IO N . Etc- —The city’s net debt,, assessed valu- Interest on bunded debt.......... .............
$423,695
$445,237
atloo and tax rate, for the past eleven years ho* been as follows;
Almost all of the street improvement bonds are payable by special
\ **rn *rd Y a l' H.
Tui per
.(H O I
.
T ea rs.
S et D ebt
$27-4u , HSMcssmeiit.
lHU-i..... .......... $26,077.190
$1**,944.4*0
2W40 | The sinking funds are divided into three separate funds, as follows:
1*5.(8)1,420
1*01....... ......... 24.H63.645
26‘66
F und o k 1862.—Composed of 180 shares capital stock L. S. A M. 8.
1*90....... .......... 24,723.06*
177,773.240
26-80
171.837,210
1**9...... ......... 24,913,6*9
26-80 j Railway, par value $180,000; Cleveland City 6 per cent houda, $637.
1«“8
.
174,837,240
24.*02,131
(88); Cleveland City 5 per cent bonds, $152,000; Cleveland City 4 p er
27-08
174,537,817
1R87...... ......... 25.072.001
B M tlM B #1,100,000 till 1901, :u
lease expiree.
0011111906,
STATE Afl£ CITY SUTTlEIVfEI^T,
80
cent bonds, $25,000, and Chicago & Atchison Bridge Co. 6 per.cent
bonds, .$94,000, and cash $18,057 68.
V iaduct F und.—Composed o f Cleveland City 6 per cent, $138,000;
Cleveland City 5 per cent, $350,000; Cleveland City -He per cents, $14,000; Cleveland City 4 per cent, $150,000; V alley RR. 7 per cent bonds,
$231,000; 1,000 shares stock Kalamazoo Allegan & Grand Rapids RR.,
par value $100,000, and cash, $45,954-70.
G e k k r a l F und . —
Consisting o f about $4,300 cash.
W A T E R W O R K S -—Tlie city owns its w aterworks, the Income from
which for water rents in 1892 amounted to $618,249-29.
ASSESSED V A L U A T IO N E t c .—The city’s total funded debt, sink
Ing fund assets, assessed valuation and ta x rate for the last seven years
have been as follows. Real estate is assessed at about hjlts actual value.
Wears.
Total
F u nd ed Debt.
1892......... .........$6,792,000*
1891......... ......... 8,433,700
1890......... ......... 8,214,760
1889......... ......... 8,159,350
1888......... ......... 8,349,800
1887......... ......... 8,232,270
1886......... ......... 8.035.330
1885......... ......... 7,629,250
1884......... ......... 7.273,800
1883......... ......... 6,880,300
1882......... ......... 6.756,473
1881......... ......... 7,099.116
1880......... ......... 7,948,583
S in k in g
F u n d Assets.
Assessed
V a lu a tio n .
$2,156,998
2,027,050
2,028,895
1,955,494
1,887,496
1,802,294
1.733,724
1.727,905
1,644,182
1,553,604
1,550,403
1,657,877
1,862,871
$121,280,215
117,833,205
99,614,055
95,949,135
95,922,585
93,628,410
91,084,406
88,285,845
85,978.500
84,490,060
82,684,212
79,586,156
73,647,194
Tax Kate
2?c7-$1,000
$27-50
28-30
29-30
27*90
28-30
28-30
24-^0
26-00
25-50
27-80
' The total debt figures for 1892 do not include the w ater debt,
P O P U L A T IO N -—In 1890 population was 261,353; in 1880 it was
160,146; in 1870 It was 92,829.
C L I F T O N . — S. G.
S t i r l i n g , Clerk.
The village o f Clifton is in Ham ilton County.
LO AN S—
When Due. Bonded debt Sept. 1, ’ 92. $235,780
General I mprovement B onds— T ax valuation 1892........ 3,133,760
4^s, J&J, $100,000...July 1, 1918 Total tax (per $1,000)........ $22-08
41 M l
2S, ^N, 50,000...May 1, 1920 T ax valuation, real....... 2,066,720
T ax valuation, personal. 676,564
sewer B onds—
4iss, J&J, $50,000.. .July 1,1917 Total valuation, 1891....2,743,284
actual value.
Street I mprovement B onds- Assessed valuation
58, J&J.
$5,113. ..July 1, 1900 Population in 1891 about___ 1,732
Population in 1880 was....... 310
W ater B onds—
5s, J&J, $20,000...Jan. 1,1906
IN T E R E S T on all bonds is payable at the Ohio Valley National Bank
Cincinnati, Ohio.
1892.
Total funded debt....................$6,950,700
483,700
Sinking funds..........................
Vol. L Y I
1891.
$5,472,588
342,483
1890.
$4,046,614
295,524
Net debt..............................$6,467,000
$5,130,105
$4,351,090
Water debt (included above)___ 1,012,000
1,036.000
922,000
Floating debt............................
105,899
18.000
The sinking fund receives yearly about $125,000, which does not in
clude assessments for street improvement bonds. The follow ing is
a list o f the bonds which wore held in the sinking fund on March 31,
1892:
Intercepting sewer 5s, due Jan. 1,1911..................................
$5,000
do
do 4s, due A pril 1, 1910...... ..........................
60,000
Main Trunk sewer no th of 9th Ave., 5s, due Jan. 1,1902......
13,500
1,500
Northwest Main Trunk sower 5s, due March 1,1911...............
do
sewer extension 4s, due Sept. 1,1909...................
15,000
Rich Street sewer 6s, due Sept. 2, 1902....................................
4,000
W. S. Sewer and Pumping Station B 4^s, due Sept. 1, 1921... 50,000
Street improvement bonds......................................................... 334,700
$483,700
Total
W A T E R W O R K S -—The city owns its water works, the inoome from
which for the year ending March 31,1891, was $113,327. while the
operating expenses were $41,257, the balance being applied to the
payments o f interests on the w ater debt.
ASSESSED V A L U A T IO N . ETC-—The city’ s net debt, assessed val
uatlon and tax rate for the years named has been as follows
Net Debt.
A sscs'd Ya l. Taxp. $1,000
Tears.
$5,130,105
$56,284,770
24-00
1891.
43,663,270
2400
4,351,090
1890.
3,200,310
41,557,410
22-40
1889.
2 , 222,210
40,170,460
22-50
1888..
38.602.170
21-50
. 1,788,518
1887..
38,870,680
21-70
. 1,861,400
1886.
. 1,896,400
35.279.170
22-50
1885.
P O P U L A T IO N -—In 1890 population was 88,150; in 1880 it was
51,647 ; in 1870 it was 31,274.
C O S H O C T O N .—
LOANS—
This village is in Coshocton County.
W hen D ue. |T ax valuation 1892— $1,526,420
Water W orks & Cemetery—
I Total tax (per $1,000)....... $30-00
6s....... $63,000.................... 1911 | Population in 1890 was......3,672
Total debt Sept. 1, 1892. $63,000 | Population in 1880 was......3,044
C R A N E .—
This township is in W yandot County.
W hen D ue. T ax valuation 1892-----$1,084,830
Total tax (per $1,000)........ $15*10
6s____
$50,000.........
1908 Population in 1890 was___ 4,903
Total debt Sept. 1,1892
$50,000 Population in 1880 was---- 5,027
LOANS—
R oad I mprovement—
/ \ r t t t \ 4" d t t c
—
5 GEORGE J. K A R B , Mayor.
D A R K E C O U N T Y . — County seat Is Greenville.
O O L U 1 J J=5 U O . — 1 e . D. W IL L IA M S , Auditor.
VL
$75,500
Columbus is situated in Franklin County, which had a separate debt
LOANS—
When Due. Total debt Sept. 1,’92.
T ax valuation 1892... 20,533,260
D itch, B oad , E tc.—
iu 1892 o f $1,030,000.
6s,
$75,500......................1895 Population in 1890 w as___42,961
LOANS—
< In terest .— .
•
—
---------- P r in c ip a l,P . Cl. Payable.
When Due.
O utsland’g.
NANTE AND PURPOSE.
C ity H all refunding. .1886 4
J & D
June 1, 1906
$16,000 D A Y T O N — J a m e s E. D. W a r d , Mayor.
Mar. 1, 1909
125,000
do
do
1889. 4
M & S
Dayton is the capital of Montgomery County.
M & N
Nov. 1, 1908
City Prison refunding 1888 4
35,000
Special I mpt. (C o n tin u e d .)—
When Due.
Deficiency—
LO ANS6s.......$16,000............Apr. 1, 1899
B ridge B ondsGas and ligh t___..1890 5
M & N
Nov. 1, 1900
$700,000
($1,000 due yearly) to Apr. 1, 1902
M & N
Nov. 1, 1910
Police and fire.. ..1890 5
150.000 58, M&N, $15,000.Nov. 1, 1896
4,000. Jan.
1 , ’ 94-5 6s, .... 10,000...........Apr. 1, ’94-5
July 1, 19o8
P o lic e ................. .1888 4
• & J
T
42.000 4^s, J&J,
3,000.Jan.
1,1896 6s....... 3 =*,000........... Apr. 1,1896
M & S
Sept, 1, 1908
Fire Dep. and gas. 1888 4
43.000 4^8, J&J,
($5,000 due y’ rly) to Apr. 1,1902
City H all B onds.
M & N
M ay 1, 1905
Fourth St. B ridge... .1890 4
160.000
4 s,
M&S, $71,000.Sept. 26,1902 6s, . ... 2,000............Apr. 1, 1894
July 1,1899, sub. )
Franklin Park......... .1889 4
J & J ^ to call July l , ’9 4 )
25.000
6s, .... 24,000...........Apr. 1, 1895
City Prison.
($3,000 due yearly) to Apr. 1,1902
High St.Viaduct...... .1891 5
j & j
Jan. 1, 1911
5.000 5s, M&N, $10,000.Nov. 1,1896
6s, . ... 36,000.......... Aug. 1, 1893
E xtending I ndebtedness—
Apr. 1, 1904
L e v e e ....................... .1884 4
A & O
2.000
($4,000 due y’arly) to Aug. 1, 1901
5s.......$48,000...........June 1,1895
do
..................... .1889 4
J & D^
50.000
($6,000 due ye’rly) to June 1,1902 6s, .... 32,000...........Oet. 1,1893
($8,000 due y’rly) to Oct. 1, 1896
Market House......... .1888 4
July 1, 1908
J & J
9,000 5 s ,.... 7‘AOOO......... June 1,1903
do
........ .1889 4
($12,000 due y’rly) to June 1,1908 6 s ,.... 11,015........... Oct. 1, 1896
Aug. 1, 1909
F& A
15.000
6s, . ... 50,000...........Oct. 1, 1897
5s
North High St. Impt. .1883 4
F & A | Aug. I , ’98,but8ub) 200,000 4^ ,.... 30,000.............. 1909-191u
28, J&J,
5,000. July 1,1893
($10,000 due y ’rly) to Oct. 1, 1901
to call any time,. £
■ >
F ire D epartment B onds6 s ,.... 21,000...........N o v .2, 1893
July 1, 1902
Viaduct bonds......... .1892 4*2 J & J
95.000
68, M&N, $1,000. May 1, 1893
($3,000 due y ’rly) to Nov. 2,1899
LO AN S—
When Due.
When Due.
LO ANS5s.......$30,000............Sept. 1,1893 6s, . ... $36,010.......... Nov. 1, 1894
Sewer B onds—
W ater B onds—
($3,000 due y ’ rly) to Sept. 1, 1902 6 s ,.... 4,000............Nov. 2, 1900
6s,F& A, $25,000.... Aug. 1, 1893 6s, J&J, $50,000... .July 1, 1893
6s, . ... 5,000............ Nov. 2, 1901
F unded D ebt.
6s, M&S,
4,0 00 ....Sept. 1, 1902 5s, J&D, 400,000....Dec. 1, 1901
6s, J&D,
20,000... .June 1, 1904 5s, M&N, 175,000... .Nov, 1, 1910 6s, A& O ,$181,500.Apr. 1,1894 6s, . ... 35,000.......... Dec. 1, 1893
($5,000 due y’rly) to Dec. 1, 1899
5s, M&N, 25,000. Nov. 1, 1896
6s, J&J,
17,000....July 1, 1904 4s, J&J,
‘
30,000.... July 1, 1901
5s, J&D,
10,000....Dec. 1, 1900 4s, J&J, 100.000. . . . July 1, 1902 4^8, F&A, 10,000.Aug. 20, 1893 6s, .... 10,000...........Dec. 1, 1900
7,200...........Feb. 1, 1897
5s, J&J,
48,500....July 1,1902 4s, J&J,
50.000. ... July 1, 1903 ($2,000 due v ’rly) to Aug. 20,1897 6 s ,....
3,000. Aug. 20, 1898 6s....... 10,550...........Feb 1, 1898
5S.M&N, 40,000....Nov. 1, 1910 4s, M&N, 100.000. . . . Nov. 1, 1908 412s, F&A.
Street I mprovement B onds—
65,000. Sept. 26, 1902
5s, J&D, 10,000....Dec. 1,1910 4s, M&N,
57.000. . . . Nov. 1, 1909 4s, M&S,
5 s ,___$48,000............June 1, 1895
5s, J&J, 180,000....Jan. 1,1911 4s, J&J,
50.000. ... July 1, 1918 L evee B ond*—
($6,000 due v ’ rly) to June 1, 1902
5s, M&S,
1,500___Mur. 1,1911
Street I mprovement B onds, 5s, M&N, $15,000.Nov. 1,1896
Sewer Bonds5s, . ... 72,000.......... June 1, 1903
4 s, M&S,100,000___Sept. 1, 1921
payable by assessm ent($12,000 due y’rly) to June 1, 1908
4s, A&O,
5,5 00 ....Oct. 1,1896 68, J&J, $184,500.... Jan. 1,1895 48_____ $27,000.......... June 1,1893
($3,000 due ye’ rly) to June 1, 1901 5s, .... 30,000..... June 1.1909-10
4s,M&S,
19,000___Sept. 1, 1897 6s, J&.T, 211,600....July 1, 1895
12,000.......Sept. 1,1893
Street P aving B onds4s, J&J,
4,500....July 1, 1901 6s, j &j ;
"
~
68,000___Jan. 1, 1896 4 s ,....
4s, M&N, 165,000... .May 1, 1903 6s, J&J, 360.600.. .. July 1, 1896 ($4,000 due v ’rly) to Sept. 1,1895 58, . ... $25,000.........Aug. 1, 1906
4s. . ...
30,000.......Sept. 1, 1896 5s, ... 25,000......... Aug. 1,1911
4s, M&N, 29,000... .May 1, 1904 6s, J&J,
56.700.. .. Jan. 1, 1897
4s, J&D, 118,000....Dec. 1,1905 6s, J&J, 683.600.. .. July 1. 1897 ($6,000 due v ’rly) to Sept 1,1900 5s....... 100,000......... Nov. 1, 1913
56,000.........Oct. 1, 1893
($25,000 every 2 yrs.) toNov. I,’ 19
4s, J&D,
25,000....Juno 1, 1906 6s, J&J,
86.100.. ..July i; 1898 4s, . ...
4s, F&A,
45,000. ...Au g. 1, 1906 6s, J&J,
18,500----Jau. 1, 1899 ($7,000 due yearly) to Oct. 1,1900 4 1 2 s, . .. . 12,000'...A u g . 20,’93-4
4s, ....
6/>00......... Sept. 1,1893 413 3 , .... 28,000... .Aug. 20, 1895
4s, A&O,
10,000....Oct. 1, 1906 6s, J&J, 138.900.. .. July 1, 1899
($7,000 due y’ rly) to Aug. 20, 1898
4s, J&J,
17,000....July 1, 1907 6s, J&J,
19.000. ... Jan. 1, 1900 ($2,<<00 due y’rly) to Sept. 1,1895
W ater B onds—
4s, J&D,
8,000... .Dec. 1, 1907 6s, J&J,
27.300.. .. July 1, 1903 4s____ 15,000......... Sept. 1, 1896
4s, F&A,
12,000....Feb. 1, 1908 6s, J&J,
11.000. ... Jan. 1, 1904 ($3,000 due y ’rly) to Sept. 1, 1900 6s, M&N, $4,000 ....M a y 1, ’93-4
6s, M&N, 3,000 ___May 1, 1895
4 s ,....
8.000......... Oct. 1,1901
4s, J&D,
5,000... .June 1, 1908 6s, J&J, 206.000. ...J u ly 1, 1904
4s, J&J,
20,000....July 1, 1909 6s, M&S,
60.000. ... Mar. 1, 1907 4s....... 5.000...........June 1. 1902 6s. F&A, 6,000 ....A u g. 1, ’ 93-4
4s____ 16,000...........Oct. 1,1902 3 6s, F&A,
9,000 ___Aug. 1, 1895
4s, F&A,
47,000.... Aug. 1, 1909 6s. M&S,
64.000.
... Sept, 1, 1907
Special I mprovement B onds— 5s, F&A, 50,000.....A u g, 1, 1896
4s, M&S,
15,000... .Sept. 1, 1909 Total street iiuprov.’93.$3,018,500
6s, . ... $ 12,000....... April 1, 1894
($5,000 due y’ rly) to Aug. 1, 1905
4s, M&N, 43,000___Nov. 1, 1909
A ll o f the street improvement
($2,000 due yearly) to Apr. 1.1899 4*2*, F&A, 36.000. .Aug. 20,1893
4s, A&O, 300,000....Apr. 1, 1910 bonds are subject to call one year
6s....... 9,000.............Apr. 1, 1900
($3,000 due y ’ rly to Aug. 20,1904
Steam F ire D epartment—
from date o f issue.
($3,000 due yearly) to Apr. 1, 1902 41 2 s, F&A, 5,000... .Aug. 20, 1905
5s, M&N, $150,000....Nov. 1, 1910
6s....... 3,000 ........... Apr 1,1894 4s, A&O. 27,000. .Oct. 1, 1893
Board of E ducation—School H ouse B onds.
($3,000 due y ’ rly ; to Oct. 1,1901
($1,000 due vearly) to Apr. 1, 1896
5s,
$150,000...................1899 |5s, J&D, 85,000..........Dec. 1,1906 6 s ,.... 12,000........... Apr. 1, 1897 4s, A&O, 20.000...Oct. 1,1902
($4,000 due v ’ arly) to Oct. 1,1906
($2,000 due vearly) to Apr. 1,1902
IN T E R E S T - W H E R E P A Y A B L E -—Interest ou jrnlice deficiency 6 '____ 44,000..........Apr. 1, 1894 4s, M&N, 505,000 M ay 1,1905
bonds o f 1888 aud on assessment bonds is payable at the Citjr Treas
W olf Creek Improvement—
($11,000 due ye’rly to Apr. 1,1897
urer’ s office: all other interest at the National Park Bank, N ew Y ork 6s, .... 60,000...........Apr. 1, 1898 4s, . ... $25,000.......... May 1, 1893
($5,000 due y’rly) to May 1, 1*97
($12,000 due y’rly) to Apr. 1, 1902
City.
6s, . ... 7,000.............Apr. 1, 1894 4 s ,.... 35,000.......... Maj 1, 1898
($7,000 due y ’rly) to May 1, 1902
T O T A L D E B T, S IN K IN G FU N D S, E TC -—The subjoined state
($1,000 due yearly) to Apr. 1,1900
B oard of E ducation B ondsment shows Columbus’s total municipal debt, the sinking fund held by 6 s ,.... 4,000............ Apr. 1 ,’01-2
6 s ,___ 15,000......... Apr. 1, 1894 58, J&J, $200,000 .July l, 1893 to
the city against the same, the w ater debt, and the city’s floating debt,
($3,000 du ey’rly) to Apr. 1,1898 ($25,000 due yearly) July 1,1903
©n March 31 o f each o f the last three years
.............
60,000....
........
April, 1893.
O-HJO—CITIES AW> TOWnB.
81
P A R V A L U E O F BONDS*—The bonds are In pieces o f $500
LOANS—
When Due. 5s, ....... $150,000.............. 1908
$1,000, and multiples o f the same.
Str e e t I m pro vem ’ t ( C oned .)— 5s, .......
25,000...............1914
5s, AAO, $25,500....... Oct. 1 ,1S98 5s, .......
25,000...............1919
T O T A L D E B T, E t c *—T he subjoined statement shows Dayton’s
($8,500 due yearly) to Oct. 1, 1900 5s, AAO,
25,000..Oct. 1, 1921
total municipal debt, the assessed value o f property in the city and the 5s, AAO ,
6.000....Oct. 1, 1901-2 Total debt Sept. 1, ’92..$1,016,022
rate levied for oity purposes proper for the years indicated.
5s, A AO, 14,000.... Oct. 1, 1903-4 Cash on hand...............
25,619
os, A AO, 7,500........ Oct. 1,1905 Net debt Sept, 1, 1892.. 990.103
Tears.
'T o ta l Debt.
Assessed Ynl.
Taxp. $1,000
W a te r B onds—
T ax valuation 1892___ 6,798.292
1893..........................*1,828,500
$38,671,230
$22-60 6s, .......
$75,000............. 1897 Total tax (per $1.000)....... $30 60
1891...........................
37,017,780
20-40
($25,000 every 5 years) to 1907 Population in 1890 was......18,553
1890........................... 1,197,160
30,723,730
2240
6s...........
10,0 0............. 1895
1889........................... 1,538,350
29,454,530
22-60
1888........................... 1,516.850
28.000,650
IN T E R E S T is payable at the Fourth.National Bank, New York City.
23 00
1887........................... 1,2-12.900
26,972,770
23C40 Y P R O P E R T Y -—The city owns its water works and gas plant.
IT
1886........................... 1.253,000
26,149,960
23-40
1885........................... 1,160,500
25,473,980
22-40
1880........................... 1,009,000
19,816,640
22-50 F O S T O R I A . —J. M. B e a t e r , Mayor.
1875........................... 1,011,200
19,939,970
This city is in Seneca County.
22-20
1870...........................
357,617
16,254,760
20-50
LO A N S —
When Due.
W a te r W orks B ondsCe m e t e r y B onds—
‘ In addition to the total general debt as given above there were out 6s.............$3,500.................... 1893 63, ....... , $100,000................. 1906
6s, MAS. 100,000.........
1910
standing on March 1,1893, special assessment bonds to the amount o f
G eneral F ond—
Subject to call 1905.
6s.......... ,$12,000..................1895 Total debt Sept. 1,1892. $328,530
$535,775 56.
R a il r o a d B ondsTax valuation 1892........2,212,050
The total school debt in 1390 was $260,000.
63............ $5,500................. ..1895 Tax rate (per $1,000)___
$33-00
P O P U L A T IO N —In 1890 population was 61,220; in 1880 It was
R efu nding B onds—
Population in 1890 was...... 5,885
6 s ,......... $29.000................... 1906 Population in 1880 was...... 3,196
38,079; In 1370 it was 30,473.
Se w e r B ondsInterest on Water 5s due 1910 is
63, ......... $80,000..................1906 payable at the Shoe & Leather Bank
D E F I A N C E . —F. L. H ay , Mayor.
New York City.
Thu city in the county seat of Defiance County.
LOANS.—
When Due. 6*, MAS, $22.000...... Mar. 1, 1898 F R A N K L I N . — Tliis village is in Warren County.
B ridg e Bonds —
to Mar. 1, 1903
LOANS—
When Due. Net debt Sept. 1, 1892... $57,691
5a, 825,000............................1900
S e w e r B onds —
WatkbW’bks &Village D ebts— Tax valuation 1892........ 1,158,944
5a, $33,000........................... 1910 5*. JAD, $6.000..var. 1891 to 1897 5s, $67.000.......................... 1923
Total tax (per $1,000)....
$26-40
Payment o f these bridge bond* is
Str e e t I m pro vem ent B onds — Total debt Sent. 1,1892.. .$67,000 Population in 1890 was....... 2,729
to be contested.
9,309 Population in 1880 was....... 2,385
5s, MAS, $10,000 .. Sept. 15, 1895 Cash on liana..............
B u il d in g Bonus—
to Mar. 15,1900
5>*», MAS, $4,000 . Mar. 1,1893 |Total debt Sept., 1892. . $962,000
($1,000 due aemt-aa.) to 8ept. 1,’94 |Sinking fund asset*
6,500 F R A N K L I N C O .—H e n r y J. C a r e n , Auditor.
Cr.metrrv * Bonne—
Actual valuation about. 6,000,000 j County_8eat is Columbus,
LO AN S—
When Due. Viaduct
___6s $45,000 .. .1898
5», JAD, $6,000 ....... June I, 1894 Tax valuation 1892___ 2,533,265
... 6s $132,000... 1897 Total debt Sept.l, 1892.$1,030,000
($1,000 due yearly) to June 1, 1899 Tot, tax rate (per $1,000)
$33-50 Bridge
do
. ..,6 s
63,000... 1898 Cash on hand...............
20,249
C rrr H a i . l Bonn*—
Population in 1890 was....... 7.694
«* , MAS. $6.000.........Mar. 1, 1893 Population in 1880 was....... 5,907 Court ho.........6s 210.000... 1897 Net debt Sept. 1, 1892.. 1,009,751
6s 164,000... 1894 T ax valuation, 1892___77,993,440
($1,000 due semi-an t to Sept. I ,’95
Interest 1* mostly payable at City ; Jail
F ir b E n g in e Bonn*—
Treasury, but on the 6 per cent Street imp......6s 248,000.. 1 year Population in 1890 w as....124,087
do
...,6 s 25,000/93to’02 Population in 1880 w as. . . 86,797
6e. MAS, $3,000....... 1892 to 1891 |bond* In New York.
R e fu n d in g Bonus—
Be. AAO, $7,000....... 1892 to 1895
c r tp 17* 1 / y v T\T'T '
VT
^W* J. RED FIELD , Mayor,
r F t C U V l LJ IN I .— JJOUN F. GOTTRON, fclerk.
The city of Fremont is situated in Sandusky County.
D E L A W A R E . — El i a s C o l e , Treasurer.
LOANS—
When Due. I W a te r W orks B onds —
The city o f Delaware U the capital of the county o f the same name
I m pro vem ent B onds—
|5e, F&A. $121,000
Aug. 1,1893
and. la the seat o f Wesleyan University. It* debt Is as follo w s:
6*. F&A. $21,100....Aug. 1, 1893 I (Part due yearly) to Aug. 1. 1903
When Due. Staking fond...............
$7,690
(Part due yearly) to Aug. 1, 1898 I Total debt Mar. 22, ’92. $239,275
LOANSCi t t H a i .l Bo*r>*—
Net debt Sept. 1. 1892..
46,910 5s, F&A,
79,000. ..Aug. 1, 1893 I Water debt (included)..
121.000
6s, M A S , $25,000 . .Nov. 15, 1893 Tax valuation, real...... 2,408,775
(Part due yearly) to Aug. 1, 1897 |Tax valuation 1892...... 2,236,715
($5,000 due y'rly) to Nov. 15, 1807 Tax valuation, personal 1,536,439
8 e w - k B onds —
I Total tax (per $1,000)........ $32-40
6s. MAN. $20,000. Nov. 15. 1898 Total valuation 1892... 3,915,214 6s, F&A,
$2,175....Aug. 1, ’93-4 |Population in 1890 w as....... 7,141
($5,0oo<luc y'rly) to Nov. 15. 1901 Assessment alxmt *3 actual value.
BTHEET IM . H ost > (8 l’fc
F
S
i‘f\L>— Total tax (per $1,000)..
$22 00
G A L I O N . —W. J. G e e r , Mayor.
6s, Dee. 1. *2.000 . Dec. 1. 1893 1 Population In 1890 w as....... 8.221
Total debt Sept. 1, 1892
$51,600 Population in 1680 was....... 6,891
Tills city is in Crawford County.
Str e e t I m provem ents —
LO A N S —
When Due.
INTEREST—
WHERE PAYABLE-—Interest ou the City Hall bonds
6s.......... $7,600...................1894
E lectric L ig ht —
Is parable at the Fourth National Bank, New York; ou other bouds a t 5s-6s,....... $18,000............1904 Total debt Sept. 1, 1892.. $125,200
the Delaware County National Bank, Delaware, O.
Tax valuation 1892........ 2,153,700
E x ten d ed I ndebtedness —
$30-30
6 s ,....... $63,000................ 1906 Total tax (per $1,000)...
Population in 1890 was........ 6,326
Sew er B onds—
D E N N I S O N . — This Tillage Is in Tuscarawas County.
6 s ,....... $12,600................ 1896 Population in 1880 was........ 5,635
LOANS—
When Due. I Tax valuation 1892......$ 574,030
<
St r e e t . 6 k w k k & P a v ' o Bond * — |Total tax (per $1,000). .. $32-00
6s. . $56,770....................... 1903 I Population In 1890 was........2,925 G A L L I P O L I S . — { d .M . BLOSSER,Treasurer.
Total debt Bept 1. 1892...$56,770 ; Population In 1880 was....... 1,518
This city is in Gallia County.
Interest payable at City Treas’ry.
LO A N S —
When Due.
Tax valuation 1892___$2,121,896
E A S T L I V E R P O O L . — i- in Columbiana County.
ST., F ir e & W h a r f B onds\Every 6 ms. Assessment about 23 actual value.
LO AN SWhen Due.
LOANS- ~
When Due
$142,000
Total tax (per $1,000).......... 27*30
to 1913
6», .........
$800................ 1895
i)¥
S k w e kt (j
(pay. b- «uec.ux.)
Total debt Jan. 1, *93.
$142,000 Population in 1890 was....... 4,498
STREET Imp. (Con.)*
6a, J A J $26,000 July 1,1893
6*. M A H 62,000...Sept. 1, 1920
S T R E E T IM P R O V E M E N T * ' —
W ateb B ond **—
6*. M A *8 20,000. . .Sept, 3, 1894
G E R M A N T O W N . — This village is in Montgomery Co.
1917
iu, M A N $8 , 0 0 0 Nov, 1,1894 5*. ....... $36,000............
LOANSWhen Due. |Tax valuation 1892....... $874,070
15,000..........
1918
Is , ...........
2,200...............1894 5s, .......
i r - E ng ine , etc .—
$1,000)....... $18*40
0a. ...........
3,000.............. 1894 5s, J Jt J 90,000...July 1,1920 Steam F$32,300................. 1899 I Total tax (per 1890 was....... 1,437
6s.........
Population in
6a. ...........
1,400............ 1894
Total debt Sept. 1, 1892.. $52,300 |Population in 1880 was.......1,618
* A ll the water bon d , and $62,000 o f street improvement bonds
due In 1920 are subject to call twenty year* before date o f maturity.
G L E N V I L L E . — This village is In Cuyahoga County.
TOTAL DEBT, E t c *—The total funded debt according to our latest
LOANS—
WAen Due. N et debt Sept. 1,1892... $34,905
return* waa $264,000, including w ater debt o f $141,000.
Tax valuation 1892........ 1,300,050
\ 0TREET A SEWER IMF.—
ASSESSED V A L U A T IO N .—In 1891 the total a*»c**ed valuation ' 6s. . ... $52.000................ 1899 Total tux (per $1,000)........ $22-70
Total debt Sept. 1, 1892.. .$52,000 Pop.of township in 1890 was.5,773
waa $2,739,600: tax rate (per $1,000), $22-40. In 1890 the assessed .Cash on hand.................... 17,095 Pop.of township iu 1880 was.3,673
valuation o f real estate was $1,400,366; o f personal property, $704,683; total, $2,114,030; tax rate (per $1,000), $24 00.
G R E E N C O U N T Y , -County seat is Xenia.
P O P U L A T IO N —
The population In 1890 was 10,956; lu 1880 it was
LO A NS—
When Due. Road ini. 5s, $32,800..............1900
$97,950
Bridges 5s, $11,000..............1893 Total debt Sept. 1, 1892
5,568.
Insane h. 5s,
3,000........... 1893 Tax valuation 1892---- 18,157,504
do
5s,
1,500........... 1894 Tax valuation 1891.... 17,725,969
E A T O N . — This village is in Preble County.
Road im. 58,
14.100........... 1895 Population in 1890 was......29,820
LO ANS—
When Due. j Tax valuation 1892 ..$1,826,288 Road lm. 5s,
16,100,........... 1896! Population in 1880 was— 31,349
W ater W o r k * A S treet I m p .— Total tax (per $1,000)....... $23-45
6s,
$73 0181
. .1911 i Population In 1890 was........2.934
Total debt *-p t 1, 189.1. $73,000 I Population In 1880 was....... 2,113 G R E E N V I L L E . — H a l l e c k R u p e , Mayor.
This city is in Darke County.
LOANS*—
When Due. Total tax (per $1,000)........$23'20
E R IE
C O U N T Y . — County seat Is Sandusky.
Tax valuation, real......$1,273,470
G ab P lan t —
LO AN S—
When Due Total debt Sept. 1. 1892 $103,000 6s, JAD, $130,000...June 17,1892 Tax valuation, personal 1,240,890
J a il , K o a i >*, BRIIiGES, ETC.—
T ax valuation 1892.... 14,913.200
(part yearly) to June 17,1905 Total valuation 1891... 2,514,360
5 * . ___$193,000.................... 1900 I Population In 1890 w a s ---- 35,462
State tax (per $1,000)..
$2*45
Str e e t im pro vem ent —
4*55
6s, Dec. 1, $757.........Dec. 1, 1892 County tax (p. $1,000).
City tax (per $1,000)...
9*00
(part yearly) to Dee. 1, 1894
T
F I N D L A Y . - — h o m a s M e e i i a x , M a y o r.
1*00
Total debt Sept. 1, ’92.. $123,757 Twnp. tax (per $1,000).
Average school ta x ......
6*60
Sinking fund................
4,231
T h li la the county * t o f Hancock County.
Net debt Sept. 1, 1892.. 119,526 Population in 1890 was....... 5,473
When Due. I G as B onds —(Continued)—
LO ANS$20,000.............. 1903 T ax valuation 1892___ 2,616,960 Population iu 1880 was....... 3,535
6s...........
048 Bo NI**~
($5,000 due yearly) to 1906
.1893 |
$5.5.000
g *...........
2,000............... 1906 H A M I L T O N . — L. M. L a r a h , Mayor.
($5,000 dne yi ■lyt to
893*1894 16*, .......
15,000...............1907
6*. ......
20,000 .1893*
Tills city Is in Butler County.
.
10,000............. 1896
30.000!.....___ 1894 5*.
6*.
LOANS—
When Due. Streets 6s, $38,030.................1893
10,000............... 1901
1*5,000 due yeaily) to 1999 5*. .......
Bridge
6s, $9,000........1893 Water 5s, 35u,000.................1915
10,000............... 1906
.....
10,000............ 199*5 5s...........
Gas
5s, 50,000........1908 Total debt Jan. 1,1893. $594,000
8TRF.ET IM P R O V E M E N T —
.....
30,000............1897
Gas
5s,100,000......... 1918 T ax valuation 1891---- 7,499,941
(flO.OOn due yearly) to 1899 5s, AAO, $22,000....Oct. 1.1893-4 Light
10,000........1894 Total tax (per$1.000) 1892.$28-05
60.000.............1900 *5s, AAO, 24.000....... Oct. 1, 1895 Sinking fund5s, 37,000..’94-1900 Population ill 1890 was......17,565
6s, .....
Os,
'$10,000 due yearly) to 1905 ($8,000 due yearly) to Oct. 1, 1897
82
ST/*T£
H A M IL T O N C O U N T Y . —
LO ANS-
AGRICULTURE I.MP. SOCIETY
5 ft,.......
County seat is Cincinnati*
LOANS—
W hen
D ist. A ssessors’ R elief —
When
$10.000.................. 1919 4 s ,......
D ue.
$20.000.................. 1900
I nfirmary—
A rmory Construction
V LYI.
oL
CITY S U f ? l£ M £ I^ T .
' s.......... $15,000................. 1919 5 s ,...... $15.000.................. 1894
...... 100.0 .0 ........... 1937 5 s ,....... 16,000.................. 1895
L on gvi ew I mprove ment—
A V E N U E I mp .—
4s.......... $3.1,000................ 1895 5 s ,...... $25,000.................. 1916
5s.......... 50,000.................. 1917
4s..........
30.000.................. 1897
5s.......... 25.000.................. 1918
Bridge Bonus
R eal E state R ecord—
e s , .........
$^>8,000................... 1894
-5S............
2 ,0 0 0 ................... 1895 5 s ,...... $4,500.................... 1897
-5 s ,.........
4 0 ,0 0 0 ................... 1*96 5s.......... 30.000................... 1915
5,500.................... 1916
•4s,.........
4 0 ,0 0 0 ................... 1898 5 s ,.......
Road B onds—
4s............. 1 5 ,0 0 0 ................... 1905
5s......... $10,000.................. 1895
County B onds—
5,000...................1916
5 s , ...........$ 1 5 0 ,0 0 0 ................... 1914 5s..........
Tax D uplicate —
1915
5 « ............ 2 0 0 ,0 0 0 ..................
5s.......... $65.000................. 1915
Court H ouse
rs, ......... $ 8 5 ,0 0 0 ................... 1934 Total debt Sept. 1,1892. $1,932,000
4 s , ........
1 5 ,0 0 0 ................... 1934 Tax valuation 1892.. 238,753,750
4s, ...... 3 5 0 ,0 0 0 ....................... 1935 Population in 1890 was.. ..374,573
1936 Population in 1880 was....313,374
4 s , ........ 1 2 5 ,0 0 0 ...........
H A N C O C K CO UNTY.—
County seat is Findlay.
$36,615
When Due. Cash on hand...............
Net debt. Sept. 1. 1892..
29s,885
Co* rt H o 1sr , D itches*, E tc .—
4s. 5s A 6 s, $335,500............. 1918 T ax valuation 1892_ 20,912,*408
_
T otal debt bept. 1,1892. $335,500 Poi illation in 1890 was......42,562
LOANS—
L_IO K. I N G C O . —
County seat is Newark.
This county has been authorized to issue $23,000 of bonds for en
campment grounds.
LOANS—
When Due. Total debt Sept. 1,1892. $197,000
Building 6 s, $197,000............1907 Tax valuation 1892...... 23,750,826
The bonds were issued to build a Population in 1890 was___.43,279
county jail, bridges, etc.
Population in 1880 was......40,450
L IM A .—
E d w a r d H o l m a n , Treasurer.
This city is the capital o f Allen County.
LOANS—
When Due. Total tax O'er $1,000)........ $25-60
Tax valuation, real......$7,000,000
M a c h in e S hop B onds —
6s, M&8, $100.000....Apr. 1, 1900 I'ax valuation, person’l. 2 ,2 0 0 , 0 0 0
Total valuation 1891... 9.200,000
W ate r Wo rks—
5s, M&S. $10,000...-Mur. 1, 1006 Assessm’t about -^3 actual value.
($ lO.OOOdne v'rly) to Mar. 1, 1909 State ta x (per$l,000) 1890..$2-70
5s, M&8, $160,000....Mar. 1, 1910 County tax (per $1.000)...... 9-30
5s. M&S. 138,000.... Apr 1,1916 City tax (per $ 1 ,0 0 0 ) .............14-10
Bonded debt Sept. 1. '93. $438,000 A verage school ta x .............. 7-30
W ater debt (included)---- 338,000 Population in 1890 was___15.981
T ax valuation 1892. ... 7.170,287 |Population in 1880 was—
7,SOT
IM TER £ 3 1 TO the water bauds is payable atth eoitioe o f Wiuslow,
Lanier & Co., N. Y.; on the machine shop bonds at the First National
Bank of Lima.
L O G A N C O .—
County seat is Bellefontaine.
$101,300
LOANSWhen Due. Total debt Sept, 1, ’ 93.
Co. F und. F ree P ikes & D itch ’ s T ax valuation, 1892... 13,235,220
6 s , ....... $10 1,3 00 ...
1897 Population in 1890 was...... 27,386
County seat is Kenton.
a tat
< W. B. THOMPSON, Mayor.
$177,500 r /
When Due. To raldebtSept. 1,1892
LO ANST ax valuation 1892... 11,319.000 J_,LJT4 A 1 I N .— l JOHN 8 TANG , Treasurer.
B uilding B<«nds
6 s, A&O,
$3,000...................1S93 Tax valuation, real---- 7,726,220
Lorain is in tile county o f the same name.
Tax valuation, person’l 3,595,440
D it c h B o n d s—
LOANS—
When Due. 6 8 . F&A, $15,000...... Aug. 1,1919
Total valuation 1891.. 11,321,660
6 r, A&O, $62,500...................1899
Suhiect to call after Aug. 1. 1894
R efunding B onds—
Assessment abt. *5 actual value.
((Payable by special assessment.)
Or, F&A, $30,000...... Aug. 1, 1903 Total debt Jan. 1, 1893. $165,000
State tax (per $1,000)........... $2*92
Pike B ondsTax valuation 1892...... 1.044,443
County ta x (per $1,000)....... 8*11 ($30,000 due y ’rlylto A u g . 1,1912 Assessment about h; actual value.
6 8 . A&O, $85,000...................1895
S
—
Interest is payable in N. Y. City Population in 1890 w as...... 28,939 5a. chool B ond:
F&A, $9,000...... P a rt yearly. State tax (per $1,000>...........$2-75
Population in 1880 w as...... 27,023
County tax (per $1,000)........ 3*85
Sewi- R B ond —
City tax (per $1,000)......
3-00
6 s. F&A. $29,000......Aug. 1,1893
($2.500due yearly) toA tig. 1, ln O l Township tax (per $1,000)... -40
H E N R Y C O U N T Y . —J. H. R a s h , Auditor.
6 s. F&A. $30,000.. .Feb. 1, 1894-5 Average school ta x ................11-00
Population in 1890 was........4,863
County seat is Napoleon.
Water B onds—
$9,000.......1905 6 s. F&A, $50,000...... Aug. 1. 1914 Population in 1880 was........1,595
When Due. Road Imp. 5s
LOANS*
Subject to call alter Aug. 1,1894
do
do
5s
21,000.......1906
Court House 5s $35,000...... 1893
$3 4 , 0 0 0
30.000
.1904 Unfunded debt............
do
do
290,500 L U C A S C O U N T Y . - -C h a s . H . J o n e s , Auditor.
100,000...... 1905 Total debt fcept. 1891..
do*.
do
31,107
26.000
.1895 Cash on hand...............
Road imp.
Oounty seat is Toledo.
259.393
5,500...... 1897 Net debt........................
do
do
LOANS—
When Due.
LOANS—
When Due.
10.000 ....1898 T ax valuation 1891___ 6,500.373
do
do
I nfirmary B ondsA rmory bonds —
20.000
.1901 Population 1890 w as... ‘ 25,080
do
<lo
*9.000................. 1893
4h!S, . ... $60.000....................1941 58, . ...
($•3,000 due yearly) to 1895
412s....... 13,000.................... 1942
H I G H L A N D CO. — County seat is Hillsborougli.
R oad B ondsB ridge B onds—
$22,000...................1893
Total debt.....................
$65,000 5s, ....$ 3 1 ,5 0 0 .................... 1893 68,
LOANS—
W hen Due.
($5,500 due yearly) to 1896
($11,500 due yearly) to 1895
Cash on hand................
4,132
County D u it —
500................. 1897
4,000.................. 1896 6s, . ...
6 s , . ... $60.0"0..................... 1900
N et debt Sent. 1, 1892..
60,5* 8 5s..........
36,000................. 1893
Bonded debt Sept. 1,1892.$60,000 T ax valu turn 1892---- 11,785,706 413s , . . . . 26,000.......... 1896-1897 5s, . ...
($6,000 due yearly) to i s 98
Children ' s H ome—
Floatin g debt...................
5,000 Population in 1890 w as___29,048
5.000................. 1899
5s, ....$ 6 3.00 0 .................... 1899 5s, . ...
2,000................. 1900
($7,000 due y e a r lj) to 1907 5s, ....
5s, . .. .
5,000........ 1893-1895
5s, . . . . 12,000.................... 1908
I R O N T O N . — J. M. C o r n s , Mayor.
15,000................. 1911
413s , . . . . 15,000. ................. 1*97 5ft, . ...
Ironton is the county seat of Lawrence County.
... 56,000................ 1893
($5,000 due yearly) to 1899 4128..
($7,000 due yearly) to 1900
LO ANSWhen Due. 6 s, J&J, $ 8 ,000.... July 11, 1898 413s....... 10,000........... 1905-1906
4*2S, . ... 25,000...................1901
Cemetery B ridge .
Street I mprovement.
D itch B onds—
($5,000 due yearly) to 1905
os, M&S, $7,000.... 1892 to 1895
Payable by special assessment.
5s..........$11,842........... 1893-1894
... 25,000................1907
M emorial H all .
6 s , ....... $18,956....1892 to 1896
5s,
1,500---------------- 1895 4128..
($5,000 due yearly) to 1911
5s, M&S, $20,000... .Oct, 1, 1910 Bonded debt Sept. 1, ’ 92.. $240,000
General B onds—
Total debt Jan. 1.1893. $543,342
Street I mprovement.
Floating debt................
54,267 5s..........$60.000..../..............1893
6s, M&S, $30,000....8ept, 1, 1895 Total debt Sept, 1, 1892. 294,267
($20,000 due yearly) to 1895 Tax valuation 1892___51,285,970
5s, M&S,
5,000... .March 1, 1911 T ax valuation 1892........ 3,554,020 5s, . .. . 12,000....................1896 Population in 1890 w a s... 102,296
Total tax < p er$ l,‘ 0 0 )...
31* .0 413s , . . . . 20,000.................. 1903 Population in 1880 w a s... 67,377
Water B onds.
5s, J&J, $90,000....Jan. 1,1906 Tax valuation, real....... 2,089.680
($4,000 due yearly) to 1907
5s, MAS, 18,000... .March 1,1911 T ax valuation, personal. 1,250,734
4s, J&J, 27,000....July 1,1906 Total valuation 1891___ 3,340,414
29 90 M A D I S O N . — This township is in Richland County.
4s, J&J, 20,000....July 1,1907 Total tax (per $1,000)...
P o p n la lo u in 1890 was.
10.939
W harf Bonds.
LOANS—
When Due. N et debt Sept. 1,1892... $50,817
T ax valuation 1892........ 1,381,440
Soldieks’ & Sailors’ H all —
^s, J&J, $2,500----July 11, 1893 Population in 188 » was.
8,857
1909 Total tax (per $1,000)........ $12*50
INTEREST on the sanitary bonds is payable at the Third National 6 b, . ... $52,000...............
Total debt Sept. 1, 1892 .. $52,000 Population in 1890 was___ 15,467
Bank, on all other bonds at the National Park Bank, New York City.
Cash on hand....................
1,183 Population in 1880 w a s ....11,675
H A R D IN C O UN TY.
J E F F E R S O N CO. -A. C. B l a c k b u r n , Auditor.
County seat is Steubenville.
LO ANS-
When D ue. I Tax valuation 1892----$18,933,030
T u r n p ik e B o n d s—
I Aver, tax per $1,000 in 1890.15*84
5s, J&D, $3 49,500...... .........1910 j Population in 1890 was.......30,415
T otal debt Sept. 1, ’ 92.. $349,50j |Population in 1880 was...... 33,018
K E N T O N . — M. S m it h , City Clerk.
This city is in Hardin County.
LOANS—
W hen Due. Net debt Sept. 1,1892.. $141,998
W a t e r Wo r k s , S e w e r s , E tc .— T ax valuation 1892.... 1,881,730
5s and 6 s, $149,298.............. 1894
Total tax (per $1,000)..
$3 4 * 0 0
T otal debt Sept. 1, ’92.. $149,298 T ax valuation 1891___$1,827,170
Cash on hand...............
7,300 Population in 1890 was....... 5,557
L A N C A S T E R . —C. W. P a r id o , Mayor.
This city is in Fail-held County.
I m pr o v in g Str e e t s —Con.)—
LOANS—
When Due.
Constructing Se w e r s —
6 s ,-------, $28,000..............
1910
« s , -------, $4,749...............
1895
R e d eem in g M atu r e d B onds —
D r il l in g G as W ells an d
6 s , -------, $8,000..............
1906
L a yin g P ipes —
Total delit Sept. 1, '92.. $131,730
6 s. — — , $65,000.
1921 T a x valuation 1892.... 3,007,610
I m pr o v in g Streets —
T otal ta x (per $1,000)..
$23-30
1899 Population in 1890 was.......7,555
6 s ,------, $19,528...........
6 s ,------,
26,910..........
1909 Population in 1880 w as.......6,803
The loans for improving streets and constructing sewers are payable
b y special assessments.
L A W R E N C E CO UNTY.—
LOANL
When Due,
ridge,
s,
Bridge, 6 s. $14,000............ 1898
Co. debt, 5si 16,000
1895
-Jail,
5s, 30,000
, 1897
Road,
5 b, 50,000
1901
County seat is Ironton
Road, 5s, $100,000...... Mar., 1901
($5,000 payable semi-annually.)
Total debt Sept. 1, 1892 $192,500
T ax valuation 1892..... 8,117,466
Population in 1890 w as... ..39,556
M A D IS O N
LO ANSB ridge B onds-
C O U N T Y . — County seat is London.
When Due.
Road I mprovement—
6 s , ....... , $ 11,250................
1896
1895 Total debt Sept. 1,1892. $244,235
Cash on hand...............
27,500
County F air —
216,735
6 s ,....... , $2.000................. 1893 N et debt Sept. 1,1892..
T ax valuation 1892... .13,419,505
Court H ouse and Ja il —
6 s ,.........$126,000............... 1904 Tax valuation 1891___ 13,370,243
Population in 1890 w as...... 20,057
D IT C II IM PRO V EMENT—
6 s ,........, $19,766................ 1895 Population in 1880 was...... 20,129
The ditch and road improvement bonds are payable by special
assessment.
68, ....... , $3,000.................
M A H O N I N G C O .— J o h n W.
B
row n,
Treas’r
County seat is Youngstown.
T ax valuation 1892.. .$24,870,940
T ax valuation, real...... 15,942,850
T ax valuation, personal. 8,528,600
Total valuation 1891 ...24,471,450
County B onds—
actual value.
5s, M&S, $25,000......... 1893-1897 Assessm't about
$2 45
5s, M&S, 15,000......... 1893-1894 State tax (per $1,000)..
County ta ■(per $1,000)
$4 75
Tut. payable at Youngstown, O.
Population in 1890 w as...... 55,979
Total debt, Sept. 1,1892. $125,000
LOANS—
B ridge B onds—
When. D ue.
5s, M&S, $60,000......... 1893-1898
M A N S F I E L D . — J o s ia h N e w t o n , Mayor.
This city is In Riohland County.
W ater debt (included) ... $58,000
Tax valuation 1892........ 6,081,000
26-40
O , J&J. $7,000. .June 2 4 ,1893-’ 94 Total tax (per $1,000)---s
T ax valuation, re a l....... 3,829,760
Sewer B onds—
Tax valuation, personal-2,117,430
6 s , ........$10,800....... 1892 to 1895
Total valuation 1891......5,947,190
Street I mprovement B ondsCity tax (per $1,000)......
$10-50
6 8 , ....... $121,350 ...1892 to 1896
13,473
5s, J&J, $50,000.July 1,1895-1904 Population In 1890 was.
9,859
Total debt Sept. 1,1892.. $194,540 Population in 1880 was.
IN T E R E S T on the motive power bonds is payable at the Nation*
Park Bank, New York City; on all others at the city treasury, Mansfle
LOANS*
M otive P ower -
When Due.
04*10—CITIES /WD TOWNS.
April, 1893.
M A R IE T T A .
— Marietta is in Washington County.
83
Interest Is payablo iu Marietta.
Total debt -ept. 1, 1899.. $939,761
Sa, JAJ, *7,f>0 > -----$>oosetni-an. <'asli on hand. .............
4.597
E l e c t e d - L ig h t B o n d *—
Net debt Sept. 1, 1892... 235.104
',a. M.«S. $1 4.i > N)___•rj.iax) vearly
la x v.il iatiou. 1*92.......3,199,086
STKKeT IMPROVEMENT B ii SDS— ' Total tax (p er$ ,0 0 0 )...
30 8 0
*»»». M v*,*12,30o____ Sept. 1*91
Tax valuation 1891........3,052,152
($500 due «emt-an.) to Sept. 1905 Total tax (per $1,000)...
30-20
W i t * s Wo r k * B u n d s —
Popolati *u in 1890 was_____ 8,273
4Ns, MaS, $90,000. ..Sept. 1,1909 Population In 1880 was........5,444
$297,555; sinking fund, $13,000; net debt, $281,555. The total
bonded debt on March 16, 1891, was $269,245; sinking fund $11,500;
net debt, $257,745 ; limiting debt, $19,300.
ASSESSED V A L U A T IO N .—in 1892 the total assessed valuation
is $6,015,000; in 1891 it was $6,015,320; tax rite (per $1,000),
$29-00; in 1890, $6,042,100; tax rate (per $1,000), $25-60; in 1889
$5,880,975; in 1885, $5,182,818.
P O P U L A T IO N —The population in 1890 was 14,270; in 1880 it was
9,600; in 1870 it was 6,698.
M A R IO N C O U N T Y . —
N E W P H IL A D E L P H IA .—
LO A N S —
When Due.
VlLUtOK 1 F flARVOg —
>
LOANS—
When Due.
TCRV» !KR*,DlTeHE3,fcCT.H<>0»K.
6s, f100.55O...........................1902
M A S S IL L O N
County seat is Marion.
Total debt Sept. 1 ,1892 $100,550
Tax valuation, 1891.. ..13,711,757
Population in 1890 was.
24,727
.— This city is in Stark County.
rawas County.
LO A NS—
This city is in Tusoa.
*
When Due.
Gen . I mp., Machine Shops, &c.—
1913
6 s ,___ $71,0o0.....
T..tal debt Sept. 1,1892.. $71,000
1,557
Cash on hand...................
Net debt Sept. 1,1892... $69,443
Tax valuation 1 8 9 2 .......1,740,940
Total tax (per $1,000).........$28-00
Population in 1*90 was....... 4,456
Population in 1880 was....... 3,070
LOANS—
When Due. I Total debt Sept. 1, 1892. $100,500
St r e e t lepROVEHE.VTs—
I Tax valuation 1892........3,693.010
0 -, ...
$100,500.............
1910 Total tax (per $1.000)....... $26-20
Payable by special aasersmeut. I Population In 1890 was___10,092
N O R T H B A L T IM O R E .—
MERCER C O U N T Y
Tax valuation, 1892........$928,910
Gas Plant * Street Impruv’nt. Total tax (per $1,000).... $29*40
6 s ........ , $80,000............... 1900 Population in 1890 was....... 2,857
Total debt Kept. 1,1892___$80,000 Population in 1SS0 was........... 701
— County seat is Celina.
This village is in Wood County.
LO A NS—
When Due.
LOANS—
When Due. i Sinking fun d.................. $16,887
B r id g e Bonds—
Net debt opt. 1,1892..-- 386,113
*», JAJ. $70.000....... June 1. 1900 ; Tax valuation 1892........ 8.303,710
Ctc l o . k Bonds—
n
Tax valuation, real....... 5,783,000 O B E R L I N . — ;
?
v
) H. IV. FORBES, Treasure
Is. June. f.-,,ooo....... June 6, 1896 ; Tax valuation, personal.2,471,600
This village is iu Loriau Coumy.
D itch K cid * —
Total valuation, 1891___ 8.254.600
. Total debt April, 1893..
6s, J.tcJ, $ 43,000....... June 1,1897 |Assessment is half actual value.
$70,000 |Assessment about ^5 actual value.
P ik e B >* * —
state tax (per $l.uno>......... $2-45 Wat* rb eb t (included)..
50,000 I Total tax (per $1,000)....... $25*50
6e, J.fcJ. $228,500 — June 1,1900 ! Couuty tax (|»-r $1,000)...... 8-55 T ax valuation, 1892_ 1,230,000 Population in 1890 was....... 4,376
_
Intcr— r payaele at Co. Treaetirv. . Population iu 1890 was......27,220
Total debt Sept. 1, 1892.. $100,5t>0 i Population iu 1880 was...... 21,808
O T T A W A . — This township is in Putnam County.
M I A M I C O U N T Y . — H. E.
LO A NS—
When Due. I Tax valuation 1892........ $391,555
F u r n a s , Audit >
r.
R oad I mprovements —
I Total Tax (per $1,000......... $19*50
County
1* Troy.
6«.
$69,000...................1910 I Population iu 1890 was............3,381
LO AN SWhen Due. 1Tax valuation.per!*onal.$7,477,969 Total debt oept. I, 1892.
$09,u00 | Population in 1880 was...... 3,177
Crt Tm»ii -«j 6-. J * J. $*2<p:.000 .1907 I Total valuation 1892...21.792,879
Dltcbes
J.vJ,
........ ; \ - i i . r i i t i-* K .< ; it.»l value.
: *
Pike
6*. J jU ,
12,IMX) .......I Mule lax (|H*r f i.(H)O) ...........$2*75 P A U L D I N G C O U N T Y .
County seat is Paulding,
Interest pay.* le at Trea*. ollh***. , Cmi i\ tax (|o-r 81 .OOO)...... 6 40 j v LOANS30.000..... 1900
When Due. Exp*use A hr. 5s
Total d**iit Jan. 1, 1893. $ 2 9 0 ,4 0 0 ; Population iu 1890 was
39.754 I Bridge * jail 5s
$8.000......1894 Roatl Imp’ nt 6s
$5,000......1894
Tax valuatlou, re a l...... 14,314,910 I Populutiun in 1880 vvus
36,158
do
do 5s
14,000......1898
do
6a
5,000......1896
( Jon’ty bridge 5s
25,000......1899
do
5s
6,000......1894
Court House 5s
40,000..... 1904
do
5s
4,(MX)......1895
M I D D L E T O W N . — Middletown la In Butler Couuty.
do
5s
4,500......1896
do
$107,222
6s
5,500... ...1899
do
5s
14,000......1897
LO ANS"
When Due.
3,000 .. ...1894 Road A ditch 5s
Building
Os, fO.OOO... 1897 Net debt 8ept 1. 1892.... 103,0 17
5s
do
*
10.000......1893
6,000 .. ... 1895 Total debt Sept. 1. 1892 $212,500
do
5s
3«w©r and street 5*. 22.000. ..1913 Tax valuation 1892---- 4,37 J.970
4,000... ...1896 Tax valuation 1892___ 4,875,596
Water
5*. 15,«hhi. .. 1910 Total tax «iK*r $1 ,(K>0).
$25*80
do
5s
7.081
do
6,000 .. ...1897 Population in 1890 was..... 25,932
5s
do
5#, 61,500. . . 1914 Population in 1890 w as.
5s 29,000... ...1899 Population iu 1880 was......13,485
C u ll on h an d .......
4,538
do
$4,175 j Population In 1880 was.
M O N T G O M E R Y C O .- -C< unty seat Is Dayton.
When Due. j I otal debt Sept. 1.1892
$50,000
rftliutl* 1 1802___60.027.560
1
1898 j Populutiun in 1890 w as.. .100,352
LOANS—
B ridg e TUixtx*
8 , ___ $-*0,00
M O R G A N C O . — County seat Is MeConnellsville.
When Due.
LOANS—
Unidus Bonn
» * A 6s, ...
$5 ,000............. 1902
M T . V E R N O N . —C .
Total debt Sept. 1, 1892. $57,000
•ax valuation 1892....... 7,377,825
Populutiun in 1890 woe......19,143
E . M c M a n u s , M a jo r .
Thin city la in Knox County.
_______
LO ANS0 *0 BOKDfr—
When Due.
Total debt fccpt. 1, 1892.. $100,500
Ca*h 011 hand................
5.765
PE R R Y COUNTY.—
P I C K A W A Y C O .—
County seat is Circlevilie.
Net debt Sept. 1, 1892.. $304 ,000
B uiloino Court Honso, E tc.— Tax valuation 1892___36,746,^.13
6s...........$3i 7.700................ 1907 Population iu 1890 was..... 26,959
Total debt Sept. 1,1892.. $307,700 Population in 1880 was..... 27,4X5
Cash ou hand..................
3,700
LO A NS—
8 h w u Bom**—
Population in 1880 was........5,249
1, 1993 |
1, 1895
1, 1896
1, 1900 |
IN T E R E S T on the water bonds U payable at the Fourth National
Bank, New York City; all other interest at City Treasury.
When Due.
P IK E C O U N T Y .—
G eorge
W.
L egg,
Treasurer.
County seat is Waverly.
94,735
«*, ...... #7.000....... June 1. 1893 Net debt Sept. 1 , 1892....
LO A N S —
(#1,000due yearly) to June 1, 1899 Tux valuatlou 1892.......2.5oo,0oo Childs’ home 6s,
PAVtMU B«»SD*—
A**e—meut Is
actual value.
Turnpike 6 , ....... .
dd,....... $30.(810................ 1893 Total tax (|*er #1,000)...
$27*00 Turnpike 5s, J&D,
($3,000 due t curly)......... to 1902 Population Iu 1890 w a s........6,027 Total debt Bept. 1,
6s,........ $*i,«iuO.......Nor.
$2,000 due yearly) to Nor.
« K ........#6.300....... Nor.
($1,300 due yearly) to Nor.
County seat is New Lexington.
LOANSW h e n D u e . I Net debt Sept. 1, 1892....
$68,989
Court House 6s, $72.600...........1899 |
Tux valuatlou 1892...... 8,J( 9,131
Total debt Sept. 1, 1892... $72,600 IPopulation in 1890 was__ 31,151
Population in lb80 was..... 28,218
Cush ou hand....................... $3,611 |
When Due.
$6,000. ...1894
84,600. ...1899
22.000... .1902
1892.. $112,600
Bulking fun d..................
23,143
Net debt 8ept. 1, 1892.... #89,457
Tax valuation real.........2,055,710
Tax valuation personal.$l,652,547
Total valuation D 92 .. 4,308,257
Assessment is
actual value.
State tax (per$1.00O)...........$2*75
County tax (per $1,000).......10*00
Townshi • tax (p er$1,000)... 2*30
Average sell ol t a x ............. 6*85
Population iu 1890 was.......17,482
OPTIONAL—
Several of the turnpike bonds are subject to call beforo
matin Ity.
INTEREST on the bonds due 1902 is payable at the County Treas
urer's office.
M U S K I N G U M C O . — Coonty seat Is Zanesville.
Floating debt...............
$25,000
Tot* l debt S ep t 1,1892
84.500
5a,.... $5m.5o u ............... ...1917 rax valuation 1892... .23,819,2j 7
51,210
Bonded debt Sept. 1, 1892.$59,500 Population in 1890......
When Due.
LOANS.
Brid o
&
N E W ARK.
__ \ W ILI- IAM JAKLL. J r . Mayor.
• ( d KOR6 E M ILLE R . Treasurer.
Newark Is trie county seat o f Licking County.
same
LOANS—
*so M-jppose.
---- I n t e r e s t .— . ----------- P r i n c i p a l , ----------P . O t . P a y a b le .
City Prison ImiiuU ...............
Encampment u m d * .......
Refundiug (aewer) bonds.
$0
do
do (bridge)
do .
do
do .
4o
do .
Sewer b o n d s ....................
do
.....................
do
.....................
St
r k f .t
Iu r.
Bo
n d s
—
8
6
6
6
5
5
5
5
5
5
A «U
April
Dee.
April
A jcO
June
Aug.
Oct.
Sept.
July
W hen D u e.
When Due.
O u ls tn n tP Q
Apr. 1, 1894
Apr. 27, *98 1902
Deo. 8. 1895 6
Apr. 1, 1898
Nov. 30. 1895
June 16. 1900
Aug. 1,1901
Ort- 1. *92-1900
Sept. 1.
________ *92 1904
July 1, 1905
July 1, 1905
$7.51 hi
10.000
8,000
8,000
12,000
20.000
25,000
17,000
13,0<>0
29.000
Chnrnh street p a v in g ...... 5 July
July 15,'93-1902
5 4 .0 0 0
East Mam Street Imp . .. ..
5 April
Apr. 1. *91-1902
33.000
2 0 .0 0 0
QMCTr I -freet Improve*!
6 Arnr.
Aug. 1. 1893 4
15.000
North 3d 8treet paving ..
5 July
July 1, *93 1902
'93-1902
21,000
West Mum street paving .
5 July
July
P A R V A LU E O F B O N D S —The City Prison bonds and $ 1 8 , 0 0 0 01
the refunding bonds are for #500 oaeh ; all other bonds are for $1,000
each.
IN T E R E S T <m all bond* I, payable at the City Treanury, Newark, 0
T O T A L O E B T, E re —'The total general bonded debt on Aug. 1,
l * f « . waa $151,553; special bonded debt, $143,000; total debt,
t-\t
t t a
5 JOHTN G. GEYER, Mayor.
P I w U A . — \ j . t . P A TTERdON, Treasurer.
This city is in Miami County.
$50,000___8ept 1, 1909
LO A N S —
IV/ten Due.
5s, F&A, 11,000....Aug. 1, 1911
fMI'ROVKMRNT BONDS—
Interest payable in New York.
0s, JtfcJ, $50,000.......
1893, &c
Total debt sept. 24, ’91. $400,500
6 s, MAN, 65,000...... May 1,1909
Tax valuation 1892 ---- 4,140,629
W a tk r W o r k s B onds—
Assessment is about ^ aot. value*
6 s, JAJ, $7 , 0 0 0 ......... 1893 to 1899
Total tax (per $1,000)........$27*10
($ 1 , 0 0 0 due yearly)
Population in 1890 was....... 9,090
6 s, M& 8 , $150.000___ 8 e.pt. 1, 1899
Population in 1880 was....... 6,031
5h, JAJ,
0 5 ,0 0 0 . . . . July 1, 1905
PLEASANT.—
This township isin Putnam County.
Netdebt8e.pt. L. 1*93...... . _. _ _
I -------- . . .
I T ax valuation 1892.......... 739,486
I Total tax (per $1,000)........ $22-40
Population in 1890 was........ 3,_8@
|Population in 1880 was........ 3,013
When Due.
LOANSR o >D IMPROVEMENTS—
Be
*01,000......................1898
Total debt Sept, I, 1892...$01,000
Cash on hand....................
2,142
P O M E R O Y . —A. B. D o n n e l e y , M
ayor,
Pomeroy is in Meigs County.
When Due.
LOANS$8,000... ...1893
Refunding Os,
6,000... ...1895
do
(is,
6,000... ...189'7
do
6s,
7,000... ...1898
do
6s,
7,000... ...1899
do
6s,
24,000... __1903
do
Os,
4,000... ...1897
do
5s,
20.000... ...1894
River Imp. 8s,
47,000... ...1910
Railway 6,
Bonded debt 8ept. 1, ’ 92.$140,000
Floating debt..................
5,700
Total d. bt....................... 145,700
Cash mi hand..................
7,083>
Net debt Sept. 1, 1892.... 138,017
Tax valuation 1892........1,156,301
Tax rate (per $ 1,000)....
29*90
Population in 1890 was..
4,720
81
STATE AIM CITY SUfHEMEflT,
P O R T S M O U T H .-H e n r y
H a. l l ,
Mayor.
Portsmouth Is the capital o f Scioto County.
48, MAN, $50,000.......M ay 1, 1901
LO ANS—
W hen D u e.
4a, MAN, 50,000.......May 1, 1906
City B onds—
os. JA-D, $30,000.......June 1, 189G 4s, MAN, 50,000.......May 1,1916
B oard
R ailroad I mprovement—
of
E ducation L oan—
7s........... $11,000.............1891-2-3
Interest payable in Portsmouth.
S. & H. Valley R a ilw a y .—
6 s ,....... , $5,000..................... 1893 Bonded debt Sept. 1, ’ 92.$326,000
16,300
Floating debt...................
6 s ,........, 5,000..................... 1894
6 e ,....... , 6,000..................... 1895 Total debt........................ 342,300
Cash on band..................
4,409
Sewer B onds—
5b, F&A. $ 1 5 , 0 0 0 ...... Aug. 1, 1897 Net debt Sept. 1, 1892.... 337,891
Street I mprovement B onds— T ax valuation 1892.......4,779,867
$20-70
6b, ....... , $70,000................... 1901 Total tax (per $1.000)—
Population in 1890 w a s.. 12,394
Water Works—
5 s ,.........$35,000................... 1906 Population in 1880 w a s .. 11,321
7 b, MAN, $20,000......May 1. 1898
Vol. L Y I .
S C I O T O C O U N T Y . —F.
County seat is Portsmouth.
___ ____
W hen
LOANS
D ue.
M
usser,
Auditor.
I Assessment about *2 actual value.
T urnpike Bonds —(redemption) j Tax valuation, real...... $5,954,450
6s, JcVJ, $50,000....... Jan. 1, 1897
Bonded debt Sept. 1, ’92.$100,000
Floating debt..................
18,700
Total debt Sept. 1, 1892.. 118,700
T ax valuation 1892___10,195,008
I T ax valuation, personal 3,897,485
Total valuation 1891... 9,851,935
I S. &Co. tax (per $1,000)
$1120
I Population in 1890 was___35,377
|Population in 1880 w as----33,511
SENECA COUNTY.—
LOANS—
W hen
Co. F und . B ridges, &c.—
is ,.... $62,300...............
D ue.
1896
County seat is Tiffin.
Total debt Sept. 1,1892
$62,300
T ax valuation 1892___20,616,000
Population in 1890 was___ 40,869
P U T N A M C O U N T Y . — County seat is Ottawa.
Road Imp. 6s $2,286...1896-1901 S I D N E Y . —H. S a r l e s , Mayor.
LO AN S—
W hen D u e.
2.720..
. 1902
6s
do
This city is in Shelby County
Bridges 6s $9,000
1896-1900
.. 1895-1897
5s 10.000.
do
~
2,7^3
1895-1896
Total debt Sept. 1,1892. $190,000
Ditclies 68
LOANS—
W hen D ue.
..1896-1897
do
58 23.000.
1.743..
.. 1895-1896
do
6s
Tax valuation 1892 . ... 2,071,520
Building
..1897-1905 pr’m’t 6s, $2,000............... 1893 T ax rate per $1,000---do
5s 12.000.
2.000. ... 1893-1896
5s
do
$31-60
Im
6s, 40,000............... 1920
4 .2 0 0 .. 1902.1907Streets 6s, 1,500............... 1893 Population in 1890 was........4,850
5s
do
do
5s 7 .5 0 0 .. . 1893 1900
3.200.. .1899-1906 Water
5s
do
2.000. ... 1893-1896
5s
ao
6s, 9,500............... 1897 Population in 1880 was........ 3,828
Total debt (last returns) .$106,896
2.000.
... 1896-1898
5s
do
do
5s, 80,000............... 1917
8.500.. .. 1899-1909 T ax valuation 1891---- 9,633,539
5S
do
Funding 6s 14,000.... 1893-1897 Population 1890 w as......... 30,188
C D D T - M f t r iT 7 T tv
) V . R. BTJRNFTT,Mayor.
o R R l i N L j r - r I L L L ) . — <T. D. W A LLA C E , Clerk.
5 A. 8. COLE, Mayor.
R A V E N N A . — ■\{ w . r G R U ND E LL, Treasurer.
W. T.
Springfield is in Clark County.
Ravenna is situated in Portage County.
Sewer B onds—
LOANS—
When Due.
Bonded debt Jan. 1,1893 $] 81,000
(Payable by special assess )
Market Bonds—
LOANS—
W hen D ue.
T ax valuation 1892___$1,859,593 4*28, M&S, $225,000..Sept. 1,1907 6 s, var., $4,889.............1892 to’99
F ahk I mpkovement BondsW ater B onds—
($15,000 yearly) to Sept. 1,1921
63, J&D, $100,000..................1901 Assessment from H to 23 act. value
$22-80
5s, M&S, $260,000.. ..1893 to 190*
P aving B onds—
($5,000 due yearly) to 1921 Total ta x (per $1,000).
($10,000 M&S o f each year.)
W ater Works E xtens. B onds— Tax valuation, real___ 1,100,000 5s, M&S, $25,000...S ep t 1,1893
900,000
($5,000 yearly) to Sept. 1,1897 5s, M&S, $90,000..........1906 to ’ 1*
6s, J&D, - 6,000....... Juue 15,1893 T ax valuation, personal
(Part M&S of each year.)
P aving B onds—
($2,000 vearly) to June 15,1895 Total valuation 1891... 2,000,000
Total debt Sept. 1, ’92. $878,784
(Payable by special assess.)
W ater Works Construct. B’ds— Total tax (per $1,000)......... $20‘80
82,071
5 b, MAS, $75,000... -Mar. 15, 1896 Population in 1890 w as....... 3,417 6s, Tar., $82,900....... 1892 to 1900 Casli on hand...............
Net debt Sept. 1, 1892.
796,713
(Part each year.)
(.4,000 yearly) to Mar. 15, 1913 Population in 1880 was........3,255
Tax valuation 1892---- 16,983,696
Sewer B ondsIN T E R EST on the park improvement and wat er works construction
$20-50
68, var., $97,046_____1892 to 1900 Total tax (per $1,000).
bonds is payable at the Chemical National Bank, N ew York.
Population in 1890 was___ 31,895
(Part yearly.)
R IL E Y
LOANS—
W hen
R oad I mprovements—
D ue.
6 s.......$55,000........................1895
T otal debt Sept. 1,1892.. .$55,000
c. *
INTEREST is payable at Springfield and New York.
.— This township Is in Putnam County.
|T a x valuation 1892..— $682,753
Total tax (per $1,000)........ $21-60
Population in 1890 was........ 1,566
Population in 1880 w as........ 1,484
t tt 'Tv a
JW. J. W IN TH O R P, Mayor.
O A H r L l V l . — ) \v. R. M IL L E R , Treasurer.
Tills city is in Columbiana County.
6s, May, $17,500........... ’93 to ’99
LOANS—
W hen D u e.
S hool bonds 6s ............
$18,000
R ailroad A id —
191,600
6 s, semi-annually............$125,000 Total debt Feb. 1893....
V a l u a t i o n , etc.
Subject to call at any time.
T ax valuation 1892...... 2,569,080
Street B onds—
6 s, A u g.,$28,000....Aug. 14,1893 Assessment about hi actual value.
($4,000 duey’rly) to Aug. 14,1899 Total tax (per $1,000)........ $29-00
6 s, Nov., $2,000....... Nov. 24, 1893 Population in 1890 w as........ 5,780
<$400 due yearly) to N ov. 24,1897 Population in 1880 w as........ 4,041
INTE R EST on the railroad first mortgage bonds is payable in New
Y o rk C ity ; on others at Salem, Ohio.
5 P H IL IP BTJERKLE, Mayor.
Y .— l a . w. m i l l e r , clerk.
Sandusky Is situated in E rie County on Sandusky Bay.
a m t
~\i t c t v -
S A N JD U S K .
LO ANSB iiilding B onds-
W hen D u e.
LOANS—
S T A R K C O U N T Y . —Jos.
M
andon
,
Treasurer.
County seat is Canton.
LOANS—
B ridge B onds—
W hen
Due.
W orkhouse B onds—
5s, F&A, $15,000....... Aug. 1899
ss, F&A,
15,000....... Aug. 1900
5s, F&A,
20,000....... Aug. 1901
Total debt Feb. 1, 1893.. .$131,000
T ax valuation 1892.. .$39,396,260
T ax valuation, re a l...... 22,000,000
T ax valuation,person’ l.16,000,000
Countv B onds—
5s, M&S, $12,000..... Mar. 7, 1897 Total valuation 1891.. .38,000,000
5s, M&S, 13,000..... Mar. 7,1898 Assessment about ln actual value:
Population in 1890 was...... 84,170
Interest Is payable in Canton.
Population in 1880 was......64,031
6s, J&D, 7,000....... June 2,1893
6s, A&O, 10,000....... Oct. 21, 1894
6 s, A&O, 5,000....... Apr. 1, 1895
6s, F&A, 16,000........Aug. 1, 1895
6s, J&D, 18,000....... June 1,1896
S T E U B E N V IL L E .—
This city is in Jefferson County.
Total debt Sept. 1,1892.$143,255
Building 5s, $45,000.............. 1903 T ax valuation in 1892. .$5,606,360
Street,
5s, 74,500.............. 1905 Total tax (per $1,000)........ $26-00
Bonded debt Sept. 1, ’92.$104,000 Population In 1890 was— 13,394
Floating debt..................
39,255 Population in 1880 was___12,098
LOANS—
W hen D ue.
W hen D u e.
5s, M&N, 43,000...... May 1,1903
(part yearly) to May 1,1911
5s, M&S, 12,000...... Sept. 28,1893
($4,000 due y’rly) to Sept. 28,1895
D ock I mprovem’t B- nds—
6 s, F&A, $75,0000.. Aug.,’97 to ’ 26 5s, J&D, 10,500...... June 15, 1893
5s, I&D, 27,000...... June 15, 1894
F ire D epartment B onds58, M&N, $7,000....... Nov. 1, 1893 ($9,000 due y ’rly) to Juue 15, 1896
<$2,000 due yearly) to Nov. 1, 1896 5s, J&D, 4,000...... Jun el5, 1897
5s, A&O, 6,000...... Apr. 2,1898
M arket H ouse B onds—
30,000.................. 1906
5 s . M & N ,$10,000....May 1 0 , 1893 4Ljs, ..
Water B onds—
<$2,000 due y ’rly) to M ay 10, 1897
5s, J&J, $4,000..Jan. 2 3 ,1897-’98 5s, A&O, $100,000.
($5,000 due yearly) to 1905
R enewal St. I mprovement—
32,000, Apr. 2, 1894
5s, A&O, $8,000...Oct. 2,1893 5s, A&O,
($4,000 due yearly) to Apr. 2, 1901
<$2,000 due y ’ rly) to Oct. 2,1896
4 has, ..
85,000 ........ 1906
Sewer B onds—
6 s, M&N, 33,000...... M a y l , ’91-’ 98
INTEREST- W HERE PAYABLE-—Interest, on the water bonds
is payable in N ew York C ity ; on all other bonds by tbe City Treasurer.
T O T A L DEBT, SINKING FUNDS, E TC—The subjoined statement
shews Sandusky’ s total municipal debt, the sinking fund held by the
c ity against the same, and the water debt on the 1st o f January, 1893,
1892 and 1891.
1893.
1892.
1891.
Total bonded debt..................................$491,800 $398,000 $389,000
Sinking funds......................................... 100,000
6,443
...........
58, M&N, $13,000...... Nov. 1,1893
<$2,000 due yearly) to Nov. 1, 1898
N et debt............................................ $391,800 $391,557 $389,000
W ater debt (included in above to t a l)----$212,000 $217,000 $217,000
Of the funded indebtedness $124,000 is payable by special assess
ment.
The noticeable difference between the amount o f the total funded
debt on March 18,1890, and January 1,1891, is explained by the fact
that $162,000 o f the w ater bonds that expired in 1890 were paid off
with the accumulated cash in the sinking funds.
ASSESSED V A LU A T IO N —The city’s assessed valuation (about
40 per cent of tbe cash value) and tax rate have been as follows.
Tax rate.
P e r s o n a l.
T o t a l.
Tears —
Real Est.
$26*60
$6,912,470
$2,403,890
1 8 9 2 ...*.............. $4,508,580
7,000,000
28-40
2,491,920
1891...................
4,508,080
6,391,000
272,464,000
1890...................
3,926,000
6,307,114
281889.......................................
5.866,940
3000
1887.......................................
5,293,469
33-6©
1883.......................................
P O P U L A T IO N -—In 1890 population was 18,471; In 1880 it was
15,838; in 1870 it was 13,000.
T IF F IN .LO ANS-
Fire,
Gas,
Improvements,
P a rk .................
Refunding.......
Sewers.............
Street impr’ m’t,
-This city is in Seneca County.
Total debt Sept. 1,1892. .$637,000
D ue.
6s, $5,000.-1894 T ax valuation 1892....... 3,901,870
6 s, 207,000.. 1900 Total tax (per $1,000)........ $31*70
6s, 40,000.. 1900 T ax valuation 1891........ 3,853,760
Population in 1890 was...... 10,801
. 1900
6s, 50.000.
6s, 35.600.. 1895Population in 1880 was---- 7,879
6s, 62,650.-1898
6s, 33.000. .1898
5 V IN C E N T J. EM M ICK, Mayor.
I JAM ES H. P H E A TT , Auditor.
Toledo is situated in Lucas County.
TOLEDO,
B
LO ANSr id g e
Bo n ds—
W hen D u e.
LO ANSN aturai, Gas—
When Due.
5s,
J&J, $19,000.Jan. 2, 1911 413s, A&O, $100,000.Oct. 1, 1899
Subject to call after Jan. 2, 1901 4hss, A&O, 100,000.Oct. 1,1904
~
5s,
A&O, $250,000.Oct, 1, 1913 4L.S, A&O, 150.000.Oct. 1, 1909
Ihis, M&N, 21,000.May 1, 1908 4*28, A&O, 150.000. 0ct. 1, 1914
75.000. July 1, 1917
4h:e, J&D,
10,000.june30,1908 4h:s, J&J,
75.000. M ay 10,1919
4 :3 s, M&N,
G eneral F und B onds—
4 13S, A&O, 175.000. 0ct. 1, 1919
6s,
A&O, $30,000.Oct. 1, 1899
90.000.
0 .t. 1,1
2S, A&O,
5s,
M&N, 90,000.Nov. 1, 1896 41
Sanitary B onds—
5s,
A&O, 100,000.Apr. 1,1905
5s,
A&O, HO.OOO.Oct. 1, 1913 413s, A&O $10,000. Apr. 8,1900
Street I ntersection—
413s, M&N, 75,000.M ay 15,1894
4h!S, M&N,
60,000.M a y26,1896 5s, M&N, $100,000.M ay 1,1911
4hjs, M&S
$30,422.Sept.4,1910
413s, J&D,
30,000.Dee. 1,1899
I OLEDO & W O O D V IL L E —
413s, J&D, 100,000.Dee. 1,1900
73 ns, M &N,$432,000.M ay 4,1900
4Ljs, M&N, 70,000.May 1, 1908
U niversity B onds—
4s,
A&O, 190,000. Apr.30,1906
M&N, $20,000.Nov.16,1895
4s,
J&D,
57,000.Dee. 1, 1906 5s,
W ater W orks—
4s,
J&J,
70,000. July 1,1917
8s,
J&D, $497,000.June2,1893
4s.
J&J, 190,000. July 1,1919
8s,
M&S, 500,000.Sept. 1, 1894
M e m o r ia l H a l d —
A&O,
3,000. Oct. 1,1899
5s,
A&O, $40,000.Apr. 1,1905 6s,
INTEREST,—AH bonds and semi-annual interest coupons are paya
ble at the Importers’ & Traders’ National Bank, N ew York City—except
ing the general fund refunding issues of M ay 15 andDecemher 1,1884,
and the Memorial H all and University bonds, which are payable at the
office of the Trustees o f the Sinking Fund, Toledo, O.
60
00
FUNDED DEBT, ETC-—The city’s total debt on Sept. 1,1892, was
$4,532,273. The subjoined statement shows the total municipal debt,
the sinking fund held by the city against the same, and the water debt,
on the 1st o f January of each o f the last tw o years.
OHIO—CITIES /WD
April, 1893.
1891.
Total funded debt (including water d ebt)..$3,526,922
Sinking funds..............................................
209,460
1890.
$3,322,000
178,683
•Net debt on January 1 ..........................$3,317,462
Water debt.................................................. 1,000,000
Floating debt for street and sewer Im
provements....................................................................
Bridge, gaa, ete., bondieeJan.1.
529,500
Total net debt July 1,1891, about............. 4,582,396
$3,143,317
1,000,000
735,834. .. .
___
___
• Bonds Issued for street Improvement purposes, and payable out of
assessments levied upon abutting property, are not included in the
foregoing statement.
The sinking fund La invested in oity bonds.
C IT Y P R O P E R T Y .—The city owns its water works, the original
•oet of which was $1,000,000. The natural gas works, owned by the
aity, hat already furnished several manufacturing concerns with gas,
and their works are nearly completed 60 that the citizens generally w ill
be supplied at the close of 1891 (with 150,000,000 cubic feet daily) at a
•ost of $750,000.
E Q U A LIZE D V A L U A T IO N .—The city’ s assessed valuation and tax
rate have been as follows, property being assessed at about one-half
actual value.
Heart.
Personal.
R e a l E eta te.
T o t a l.
•T a x R a te.
$43,317,830 $28*00
$9,863,470
42,192.470
27*00
......... 24,59*2.950
9.829.650
34.422.600
29*00
18W>........
9,423,310
29*00
33,141.380
1889....... ......... 23.718.070
29.930,300
28*00
1885....... ......... 21.733,240
8,1.57,060
18,156.095
1830........ ......... 12.805.945
5.350,150
33*60
......... 4,433,700
4.963,770
9,452,470
29*50
1870........
•Tax rale iu 1891 per $1,000: City tax proper, $1400; State tax,
$2 45; county tax, $5-25; school tax, $5*30; total, $27*00.
P O P U L A T IO N .—In 1890 the population was 81,434 ; In 1880 it was
§0,137; in 1870 it was 31,584.
139” ..........
1891.........
T O R O N T O . — This village is in Jefferson County.
LO ANSWhen D u e . | Valuation. Etc.—
W*TkR w o r k *. S k w » a, fc/ic.— I Total debt Sept. 1, 1892.. .$80,900
5« A 6a, .. $75.000............. 1920 |Tax valuation 1892 ......... 2 >9.570
Bonded debt Sept. 1 ,1892.$75,000 Total tax <p**r $1.000).........$.9*60
5,8 0 |Population In 1390 was........2,536
Flo. ting d eb t...................
LO ANS-
W a te r B okds.
W h en D ue.
1MfK iVKMMN'T BoXDS.
R X IU U fX U
6», $80.000...........................1899
($4,000 due yearly) to 1918
Bonded debt (last r turn) $162,000
debt (Iseluded)...
AVK5CK.
5 «..............$10,000..................1901
($1,000 due yearly) to 1910
R F M K B*»xds.
EU DD
6 s . ........ $28,000............. 1993.*96
5s............ 21,000............1893/98
T U S C A R A W A S
80,000
Tax valuation 1892........2,482,506
Total tax (per $l.OO0)..
29*60
Tax valuation 1891........2,445,460
Total tax (per $1,000)...
26*60
Population in 1890 was....... 4,494
C O U N T Y . — County
seat
la
New Philadelphia.
$50,000
LOANSW k D u e I Total debt Sept. 1.1892.
T en
Tax valuation 1892___17,812,930
Co. nr Ifo rm Bonds —
.1898 Population in 1890 was......46,618
. $60,000.,
U N I O N C O U N T Y . — Sa m . A.
County
H udson,
Auditor.
seat U Marysville.
LO AN S-
T ax valuation 1892.. $10,402,650
Tax valuation 1 8 9 1 ... 10.157,830
Tax valuation, real...... 8,276,960
Tax valuation, personal. 2,962,444
C o r»r Ho in i Box Da
bs. M M , §10,000................ 1998 Total valuation 1890. ..11,239,404
Assessment is utKiut H real value.
D itch Bo io $a. MAS, $37,695...... 1893 to 1897 State tax (per $1.000).......... $2*70
County tax (per $1,000)........ 6*10
K " * i» BoNim—
6a. MArt, $76.595..... 1893 to 1897 Behoof tax (per $1,000)......... 5 50
Interest is payable in Marysville. Population in 1890 was.......22,860
Total debt Sept. 1, 1892 .. .$76,595 Population in 1880 was...... 22,375
U PPE R
1993 to 189"
S A N D U S K Y — F. J ones , Mayor.
Upper Sandusky U In Wyandot County.
O s,.........$10,000...................1901
Tot il debt Sept. 1.1892. $86,000
O aa Bonds —
...1993 Tax valuation 1892...... 1,434,090
k ...........$1,000 .
26*80
....1893 Tax rale per $1,000....
tM>,000
tflO.ouo duayeariy to 1898 Population in 1890 was....... 3,572
6s. ....,# 1 5 ,0 0 0 .....___ ...,199ft
LOANS—
A S 80S .
Mayor.
U R B A N A .— |a.Sr)88, City clerk,
This city Is In Champaign C mty.
<
LOANSW hen D u e.
LOANSW ew d u e . i
’A
R efunding P urposes—
C m Bciu>i*o*. Ac.—
6s, . . . . . . . JQjOQO... . . . . . . . . . . . 1805 6s, ........,$25.000.................. 1895
8.0DO................. 1896
5s, ........ 15.000.................... 1901 I 5h.............
5s, ........
8,000.................. 1901
GORPOfUTtOX PdU-OSKA—
V a lu a tio n , dc.
6«. 6.01*0................................ 1895 [
Total debt 8ept. 1. 1892.. $330,000
K atciul f#a a es.............$15,000............... 1903 Tax valuation 1892 ........3,431.028
$24*00
6s........... 50,600................ 1904 Total U x (per $1,000)...
6s........... 75.000................ 1905 Tax valuation 1891........3,381,863
($25,000 due yearly) to 1907 Population In 1990 was........ 6,510
6a. $65,000.......................... J9«W Population in 1880 was........ 6,252
6s. 75.000........................... 1909
($25,000 due yearly) to 1911
BAI.YEAT, President.
V A N W E R T . — {c,*!: MALCHIMER, Treasurer.
Till, village I* the comity sent of Van Wert County.
LOANS—
BA«i»
D ue.
C rrt (Iti.i. B o s ii.—
Se, JA ti, $19,000....... June. 1997
( P v t due yearly) to June, (KOI
U C A h tlu iD H i BOND,—
5*. A AO. #1 5,non ....
1893
(P ir t due yearly) to 1896
B t * u Boyne—
5«. Ort.. $ 1 , 0 0 0 ...........Oct.. 1893
w in ,
Bo n d *—
9». AAO. $50.000..... Ajir. 1,19*1
I
Wat
r
W A R R E N COUNTY.—
LOANS—
W hen D u e.
5 s ,....... , $45,000........part yearly
Total debt Jan. 1893 ....... $45,000
Cash on baud................... 15,000
County s a isLebanon.
et
Net debt Jan. 1893......
$30,000
Tax valuation in 1892.15,901,438
Population in 1*90 was___ 25,468
Population in 1880 was___ 28,392
W A S H Ii N G T u n C H — 5J B* KOONTZ, Mayor.
*
w n o u
n u i O N v-/. x j..
} ADD. BURNETT, Clerk.
This citj* is the county seat o f Fayette County.
LOANS—
W hen D u e .
5s, M&S, $3,707.......... Sept., 1893
E x te 'D i g City D ebt(part yearly) to Sept., 1895
69, M&8, $3,000................... 1893 Interest payable at City Treasury.
($1,000 due yearly) to 1895 Total debt Jan. 1893 .... $146,147
6s, A&O, 6,000....... Apr. 2, 1894 Net debt Sent. 1, 1892... 130,235
($1,000 yearly) to Apr.2, 1899 Tax valuation 1892........2,416,315
6s, MAS, 5,000.......... 8ept., 1898 Assessment is about \ actual val.
($1,000 due yearly) to Mar., 1903 Total ta x (per $1,000)...
$27*80
5s,
9,000.......... Mar., 1896 T ax valuation 1891........2,381,331
($1,000 due yearly) to Sept., 1904 State tax (per $1,000)...
$2*45
Street I mp., Spec. A ctCounty tax (per t I. ooO).
5*05
58. MAS, 40.000...........Mar., 1910 City tax (per ($1,000)....
13*00
($4,000 due yearly) to Sept., 1904 Average school ta x .......
8*50
Improving Streets—assessed ou Population in 1890 was....... 5,742
property beuetitted.
Population in 1880 was....... 3,798
6s, MAS, $66,277......1893 to 1907 .
The sinking fund receives about $2,000 yearly from the tax levy.
W A Y N E COUNTY.—
W hen D ue.
County seat isWooster.
I Total debt Sept. 1, 1893
$1,904
O h i o A g r . ] x p . S t a .& Co.D i t c h —
Tax valuation 1892....21,581,096
5s and Oh, ... $88,733.... 1904! Population in 1890 was___ 39,005
W E L L S T O N .—
Till* c ityis in Jackson County.
Net debt Sept. 1. 1892...... $78,647
Watek Works.Elkc.Liguts .&c.— Tax valuation In 1892.......812,700
5ft and 6s.......*80,000....
1925 Total tax (per $1,000).........$31*99
Total debt Sept. 1, 1892.. $80,811 Population iu 1890 was....... 4,377
Cash on hand..................
2,164 Population m 1880 was....... 952
LOANS—
W hen D u e .
-H . C. B r a g g , C. C .
Thla village is in Cuyahoga County.
Bonded debt Sept. 1, ’92. $73,400
LOANSW hen D u e.
P a v in g a n d C u r b in g —
66,182
Floating debt...................
6a, AAO, $80,000...... Oot. 1,1893 Total debt........................ 139,582
($3,000 due vearly) to Oct. 1, 1902 Cash ou hand....................
55,573
6s, J&D, 20,000........ June 1, 1893 Net debt 8ept. 1, 1892...
84,009
($2,000 due yearly) to June 1,1902 Tax valuation 1892....... 1,407,795
Total tax (per $1,000)...
22*90
8> h o o l B u i l d i n g O , MAS, 2,400... Sept. 1, 1893-4 Population in 1890 was........4,117
s
Population in 1880 was........ 1,781
W a te r B onds—
6s, JAJ, 12,000....... July 5, 1903
W I L L I A M S C O U N T Y . — G eo. R u f f , Treas.
County seat is Bryan.
Tax valuation 1892......$9,076,150
LOANSW hen D u e.
Tax valuation 1891___ 9,005,785
Co u r t H o u s e B o n d s —
6ft, $110.000............. 1892 to 1909 Population iu 1890 was___24,897
Total debt 8ept. 1,1892..$110,000 Population in 1880 was___23,821
W I L L O U G H B Y — C.
C. J e n k i n s , V illage Clerk.
Willoughby la In Lake County.
W h en D ue.
Bun*. Bond * —
,M * 8 , $11,000
Real estate is assessed at “ about one-third of its actual value.”
IN T E R E S T —Interest on $120,000 of water bonds is payable at the
office of the village treasurer; all other interest at the First National
Bank, New York City.
W EST CLEVELAND,
T R O Y — T. M. C am bell . Mayor.
Troy It the county seat o f Miami County.
5 » . ....... . $20.000...........
. .1917
($5,000 due yearly) to 1920
85
Bonds—
5 t, AAO. 70,000...... Apr. 1, 1911
-t igs, MAS. 5,000......March, 1910
; Total d e ft Jan. 1893 .. $159,400
f Cash on hand...............
4,692
Net delit Jan. 1893......
154,708
|Tax valuation 1-92 ... 1,682,220
i Total tax (per $1,000)..
$31'70
Total valuation 1891. .. 1,604,850
I T o ta l tax (per ($1,000).
$31-50
Population In 1890 was.......5,512
Population iu 1880 was....... 4,079
Tax valuation 1892.........$565,030
LOANS—
W hen D u e.
Approx, actu’l valuation. 1,200,000
W a te r Works Bonds—
5s, Mite, $25,000....8ep t.l, 1893 Total tax (per $1,000)........ $2160
(*500due sem l-anjto Sept.l, 1922 Populatiou in 1890 was...... 1,219
Total debt Aug. 16,1892. $30,000 Population in 1880 was......1,001
O P T IO N A L —The bonds are subject to oall at the option o f the v il
lage after September 11902 on ninety days' notiee.
IN T E R E S T is payable at the Euclid Avenue National Bank, Cleve
land, Ohio.
W O O S T E R . — 0. 0. A dams, City Clerk.
The county seat of Wayne County.
LOANS-
W hen D u e.
St r e e t B o n d s -
68, Sept,. $7,779......Sept. 20, 1892
C i t t H a i. l B o n d s —
(part yearly) to Sept. 20,1901
5>as, Mar., $20,000. .Mar. 16, 1913
5s, Fell., 4 0,000.Foil. 14,1912 5s, Sept., 5,370...... Sept. 20, 1893
(part yearly) to Sept. 20, 1901
R e d e m p t io n & R e f u n d in g —
5s, Oct.. $11.800....... Oct. 9,1892 5s, Oet., 19,000.......Oet. 1, 1905
(part yearly) to Oct. 9,1899 5s. 7,000..................Oet. 1, 1905
Se w
er
B onds—
W a te r W orks-
88, Sept., $1,000........ May 9,1893
6s, Mar., 10,000.......Mar. 2, 1900
Interest payable at City Treasury.
Total debt Sept. 1, 1892. $192,946
Cash on band..................
9,431
Net debt Sept. 1,1892... 183,515
Tax valuation 1892.......2,416,745
Sk w e r B onds69, $1,500.................Mar. 1,1899 Total tav (per $1,000)........$2,350
68, 8,500............... Sept. 20, 1898 Population in 1890 was....... 5,901
6s, June, $8,500......June 24,1893
6s, June, 10,000......June 15,1894
6s...........
200....... Sept, 20,1895
6s...........
297....... Sept. 20,1898
6s,
1,000.........Mur. 1, 1895
O ...........,1,000....... Mar. 1,1897
n
XJ-TT'KTT A
(C H tR L E S F. H AN AR D , Mayor.
CLIN I A . . — ) c. F. LOO AN, City Clerk.
This city Is In Greene County.
LOANS—
W 1>ue- 4^9, J&J, $89,200....... 1902-1912
hen
Interest payable in Xenia.
Crrv B onds —
Total debt .Sept. 1,1892.. $114,700
2 ,5 0 0
5^ft, ... . , $ --------...July 1,1895
3,110
5*38, ___ _ 55,700 ...Sept. 1,1895 Cash ou band...............
5*38, . . . . , 5,000 ...Aug. 15,1908 Net debt Sept. 1, 1892... 111,590
...Ju ly 1,1907 Tax valuation 1892........3,860,304
l^ft.
$25'60
500. ...June 1, 189* Total tax per $1,000......
5ft, .. . . . . .
500 ...June 1, 1896 Population in 1890 was........7,301
Population iu 1880 was........7,026
5b, .. . . . . . 15,000. ...June 15,1906
5s, .. . . . . , 5,000. ...M ay 10,1907
X
<J. B. M ULLER, Mayor.
( J. HOWARD EDWARDS, Clerk.
Youngstown is In Mahoning County.
Bonded debt Mar. 16,’93.$525,819
LOANS—
W hen D u e.
Floating debt.................. 49,000
W a t e r B onds—
6h. AAO, $ 1 0 0 ,0 0 0 . .. Sept. 1,1901 Total debt....................... 574,819
Other bonds.................... $425,819 Siuklng fu n ds................ 141,697
Interest Is paid by City Treasurer. Net debt Mar. 16,1893.... 433,122
Y O U N G S T O W N .-
ST/iTE
86
CITY S U r f i E M I E
Tax valuation, real...... $0,172,620 City tax (per $1,000)...........$12-4 0
Tax valuation, pcrsou’ l 3,708,220 Township tax (per $1,000)... 1 50
Total valuation 1892... 12,880,*40 Average school ta x ............... 7*80
State tax (per $1,000) —
$2*7.3 Population in 1*90 was...... 33,220
County tax (per $1,000)....... 5*45 Population in 1880 was.......15,435
Z A N E S V I L L E . — |W.
W.
S. B E L L , Mayor.
M. *H IN N IC K , J r ., Clerli.
This city is the capital o f Muskingum County.
2
LOANS—
When Due. 41 * 8 , A AO, $20,000.... Oct. 1,1909
41 * 8 , AAO, 70,000..-. Apr. 1,1913
2
F irk D ept. Bonds (refunding).
50,000....July 1,1910
4 *2 8 , M«V8 , $10,00* ....Mar. 1, 1900 4*28, JAJ,
4s, A A' > 75,000....Apr. 1, 1902
,
F loating D ebt (refunding).—
(Subject to call at any time.)
5s, JAD, $20,000...... June 2 , 1904
Zan svillk Ra il w a y (refund’g).
4k>s, JAJ, 34,000...... July, 1902 3
N a t u r a l G as , etc . (refunding).— 4 1 2 8 , JAJ, $25,000... .July 1, 1905
4i«8, MAN, $40,000..,.May 1, 1905 412 8 , JAJ, 14,000....Jan. 1,1910
Sc hool B onds . 1885 (refund’g). Tidal debt Sept. 1, 1892.. $590,420
14,235
5s, M AN, $25,000.......May 1, 1905 Cash on hand..................
Sio CIAL A '* ' bSM’T B<)NDS(1890). Net debt Sept. 1, 1892,... 576,1*5
6 8 , MAS, $12,500.
8 ept. 1, 1S92 Tax valuation 1892........ 8,804,725
(Part due yearly), to Sept. 1, 1905 Asse*ament about % actual value.
$3**-40
W a t e r W’ k k - B onds (refund'g). Total tax (per $1,000).
5s, JAD, $50,0o0....Juue2, 1901 nix valuation 1891....... 8,44i ,686
27 95
4k*s, AAO . 30,000.... A nr. 1,1906 Total ax (per $1,000)...
41^8, JAJ, 6 0 ,000,...July 1, 1907 Population in 1890 was...... 21,009
IN T E R E S T is payable atNassa lBank, N ew York City, or at Treas
urer's office.
Voi. LVi.
million dollars, of which about 21$ millions were in the Treasury, leav
iug the outstanding indebtedness about 1 2 % million dollars. Prompted
by the suggestions from the creditors above referred to the Indiana
Legislature in 1846 passed a refunding bill, which was amended in 1847.
Under this bill and amendment all but a small portion of the bond
holders arranged their indebtedness, the result being that the 8 tate
became directly liable for about 623 million dollars and the Wabash A
Erie Canal chargeable with 6 k* million dollars. In 1851 Indiana adop
ted a new Constitution restricting the debt making power o f the Stats
(1) to meet casual deticits of revenue, (2) to pay interest on the State
debt, and (3) to repel invasion, rebellion, eto. During our Civil War
$2,000,000 in 6 per cent bonds were issued for war purposes. Iudiana
credit stands high now, about all o f its debt being in 3 per cent bonds;
the details of the State’s outstanding obligations are as follows :
F O R E IG N
LOANS—
*
IT S
DEBT, RESOURCES,
E tc.
Organized as a Territory (A ct May 7, 1800) July 4. 1800
Admitted as a State (A ct Apr. 19, 1818) - Dec. 11, 1816
Total Area of State (square miles)
36,350
State Capital
- - Indianapolis
Governor (term exp 2d Monday, Jan. 1894) - Claude Matthews
Secretary ol State (term expires Jan. 1897) - WiLiam R. Myers
Treasurer (term expires Jan. 1897) A lbert Gal|
Legislature meets biennially in odd years on the Thursday
after the first Monday in January, and sessions are limited
to sixty-one days.
H ISTO R Y OF DEBT.—The first public work in the progress and in
behalf o f which Iudiana issued its bonds was the Wabash A E rie
Canal. That project had an early inception. I t was in 1824 that Con'
gre9s passed an act authorizing its construction through the public
lands to couuect the waters of the Wabash aud the Miami, granting for
that purpose 90 feet on each side o f the canal in aid o f its construction.
That grant, however, did not prove a sufficient inducement to start the
enterprise, so in 1827 Congress made a m rtlier grant of one-and-one
half sections in width on each side o f the proposed canal, reserving to
the United States each alternate section. Indiana in turn ceded ?
.
portion o f these lands to Ohio for the same purpose and the tw o States
agreed to build and keep “ open and n avigable” the Wabash & Erie
Canal between Toledo Ohio, and Terre Haute Indiana. I t was not
until 1832 that the State o f Indiana passed a law authorizing the
appointment of a commission to borrow money on the credit o f the
State and to prosecute the proposed enterprise; the result was that in
the follow in g year a portion o f the work was put under contract. The
State’s credit was so good then that fo r some years all the bonds it
issued were sold at a small prem ium ; the total put out on account of
the canal reached only $1,727,000.
Indiana’ s next venture was in the banking business. This was only a
side enterprise to facilitate the raising o f the needed capital for the con
struction o f several railroads which the State had incorporated in 1832,
the Bank o f Indiana being incorporated in 1834, and opening business
the latter part of that year with eleven branches, tw o more being sub
sequently opened. The State subscribed to the stock of this bank, pay
in g the subscription in bonds, and issuing in all therefor a total of
$2,412,000. Fin ally the Legislature, catching the speculative spirit
whioh was rife in all parts o f the country, authorized in 1836 the bor.
row in g of $ 1 0 ,0 0 0 , 0 0 0 for canals, railroads and turnpikes, and set to
work on all the proposed enterprises at once. I t did not take but
about two years to discover that the work which had been laid out
would use up much more money than the amount authorized, and it
Only required a little longer time to find that the State had reached the
lim it o f its borrowing pow er; so in 1839 work on all internal im
provements was suspended. The year previous, 1838, the United States
Government had also stopped work on the National Road, which in its
course had reached and was at tliat time being built through Indiana.
Altogether this sudden and absolute cessation in Government expendi
tures (State and National) greatly crippled the tax-paying power o f the
people, while at tlie same time the depreciation in bank-note currency;
jn which taxes were receivable, further shortened the State’s revenues,
consequently in 1840 it became impossible for the State to continue
interest payments on its debt.
Financial affairs remained at this low ebb and without any material
change in condition for several years. A t length the creditors, convin
ced that Indiana could not directly meet the whole debt, proposed in
1845 as a compromise that the 8 tate should arrange for the payment of
one half o f its outstanding obligations by taxation and that it should
pay the other half with the property and tolls of the Wabash A Erie
Canal.
A t this tim e (1845) the total obligations were about 15%
s
NAME AND PURPOSEP . CL Payable.
State fund refunding............r. 3
J A D
School House......................... r. 3ks
M A N
Stock certificates..................... int. ceased
Do
do
..................... int. ceased
Temporary loan.....................r. 3ks
A A O
Do
do ...................... r. 3ka M A 8
Do
do ...................... r. 3*2 M A 8
Do
do ....................r. 3k* A A O
Do
do .................... r. 3
A A O
Do
do ...................... r. 3
A A O
A A O
Do
do ...................... r. 3
Do
do ...................... r. 3
M A 8
D O M E STIC
State of Indiana.
DEBT.
Interest.
--------P r in e i• ah --------«
.
W hen D -e .
O "Is ta n d ’g
June 18,1909 $3,905,000
May 1,1895
500,000
past due
4,470
past duo
2,145
Apr. 1,1895
585,000
Mch. 1.1895
600.000
Mch. 2,1896
300,000
Apr. 1,1901
340,000
Apr. 1,1893
340,000
Apr.
1,1894
370,000
Apr.
1,1899
700,000
Sept. 20,1899
700,000
D E B T.
LO AN S/ In terest .— n /
—
--------- P r in c ip a l. ---------,
NAME AND PURPOSE.
P. CL Payable.
When Due. OutstancPg.
Held by Purdue U n iversity... 5
A A O
Apr. 1,1901
$340,000
Held by Indiana University...
5
seini-an
..............
144,000
IN T E R E S T and principal o f foreign debt bonds payable at the office
o f Winslow, Lanier A Co., N ew York.
T O T A L D E B T, E t c .—The follow ing statement shows Indiana's
total debt, the foreign aud domestic debt, and the annual interest, on
the 1st o f November for the years indicated.
1892.
1891.
1890.
Foreign debt.............................$8,346,615
$8,34 6,615
$8,056,615
Domestic debt...........................
484,000
484.000
484,000
Total debt............................ $8,830,615
Interest 011 foreign debt........... $261,825
Interest on domestic debt........
24,200
$8,*30,615
$260,125
24,200
$8,540,615
$249,625
24,200
$284,325
$273,825
Total annual interest......... $286,025
ASSESSED V A L U A T IO N .—The follow in g table shows the total
valuation o f real and personal property and the State tax rate (per
$ 1 ,0 0 0 ) for the years indicated.
) ears.
V a lu a tio n .
T ax rate. Tears.
T ax rate.
V a lu a tio n .
1*91 .. ..$1,249,807,899. ...... $1*80 1875.. ----$897,789,783. ...... $1-50
1*89..
843,483,466. ...... 1-20 1870.. ___ 662,283.178. ...... 1*50
1888 ..
821,512,984. ...... 1-20 1865.. ___ 567,381,553. ...... 2*00
1 "87.. .
799,251,773. ...... 1*20 I860.. . ... 455,011,378. ...... 1*50
1886 .
739,451,777. ...... 1*20 1855.. . ... 301,858,474. ...... 2*00
1885 .
793,526,079. . ... 1*20 1850.. . .. . 138,362.085. ...... 2-50
728,944.231. .... 1*20
1880.. .
D E B T LIM IT A T IO N .—In the present Constitution of Indiana, which
went, into effect November 1,1851, superseding the Constitution adopted
in 1 8 1 6 , there are explicit provisions lim iting the power o f both the
State and its m micipalities to contract debt.
F I R S T , as to the State , Section 5 of article 10 provides that no debt
except to meet casual deficits in revenue, to pay interest, to repel in va '
sion Ac. can be contracted. The section in full is subjoined.
C r e a t io * of D ebt F o r b id d e n .—N o law shall authorize any debt to be
contracted on behalf o f the State except in the follow in g cases: T o
meet casual deficits in the revenue: to pay interest on the State deb t;
to repel invasion, suppress insurrection, or, i f hostilities be threatened,
provide for the public defense.
In the sixth section o f the same article the last clause prohibits the
assumption by the State of the debts o f any municipality or corporationThe clause referred to reads as follows.
Nor shall the General Assembly ever on behalf o f the State assume
the debts of any county, city, town or township, nor of any corporation
whatever.
S E C O N D , as to m u n ic ip a litie s , the provision contained in the
Constitution seems to be equally clear and emphatic, and, as w ill be
found, fixes the lim it at 2 per cent of the valuation. I t is article 13 of
that instrument which relates to this subject, and w e give the article in
fu ll below.
L i m i t e d — E x c e s s V o i d .— N o political or municipal corporation
in this State shall over become indebted in anv manner or for any pur
pose to an amount in the aggregate exceeding tw o per centum on the
valuation o f the taxable property within such corporation, to be ascer
tained by the last assessment for State and County taxes previous to
the incurring of such indebtedness; and all bonds or obligations in
excess of such amount given by such corporation shall b e.vo id ; P r o
vided, That in time o f war, foreign invasion, or other great public
calamity, on petition of a m ajority o f the property owners in number
and value, within the limits o f such corporation, the public authorities
in their discretion may incur obligations necessary for the public pro
tection and defense to such an amount as may be requested in such
petition.
T H IR D , counties (but no other kind of municipality) are prohibited
from subscribing for any stock in a corporation unless paid for at time
of such subscription. The section which covers this subject is section 6
of article 10, and is as follows.
Counties cannot take stock. No county shall subscribe for stock in
any incorporated company unless tbe same be paid for at the time of
such subscription; nor shall any county loan its credit to any incor
porated company, nor borrow money for tbe purpose o f taking stock in
any such company; nor shall the General Assembly ever on behalf of
the State assume the debts of any county, city, town or township, nor of
any corporation whatever.
The prohibition which this section contains applies, as already stated^
only to counties. Consequently the Legislature was at liberty to author ze cities to subscribe to the stock o f railroads, as it did by a general
aw passed in 1867 granting the power to subscribe to tbe stock o f any
railroad running into or through any oity or near its corporate limits.
Other laws o f a somewhat similar character have been passed at other
W Bj/W y*-crri£s
A p ril, 1893.
tow $ s ,
date*. We notice one law too which authorized counties bordering ou
the State line to subscribe for railroad stock and to issue bonds for the
purpose of pay la*: the subscription. Tn view of the above section
this grant o f power extended to counties would seem to he at least
questionable*
CO U .Y T IB B a re a p p a re n tly r>!-?iriele& by statute to a low er than the
Constitutional lim it o f '2 percent in the matter o f creating debt. Fol
instance, Section 5,749 of the Kev.se;l Statutes authorizes any county
to issue imnds when necessary to construct, complete or ffepnir court
home, ja il or other county building*. or to fund e cistlug debt; in those
eases county eomml-s'.ouers may horruw for that purpose not exceed
ing 1 per cent ou assessed valuation and Issue bonds therefore,
m
C it ie s , C o u n t ie s
an d
T owns
IN TH E
STA TE
A L L E N
OE
IN D IA N A *
C O U N T Y . — -I. M o w r e r , Treasurer
County seat is Fort Wayne.
LO A N S —
W hen Due,
F unding B onds —
5s, J&J, $110,000...... Jail. 1, 1S93
(Aht. $20,000 y’ rly) to. Jan. 1, 1897
Interest is payable by Winslow,
Lanier & Co., New York City.
Total debt {last returns) $130,000
Sinking fund...........
66,047
N et d eb t......... .........
63,353
T ax valuation 1891.. 35,525.835
Population 1890 was.
66,689
Population 1880 was.
54,763
d m fcm g fu n d for payment o f bonds must be provided by levying a tax
of not less than one tenth o f one per cent ou the taxable property o f the
county in a Mtttion to a specific le v y to provide for interest. (See Re
vised Statute** Section 5,753}*
A N D E R S O N . — J . F . M c C l a y e , M ayo r.
This city is the county seat of. Madison County.
When Due. Total debt in 1 8 8 7 ....... $22,000
LOANS
Funding 6s $ 5 0 0 ........Jan., 1894 Water debt (included)...
tiding 0s,
18,500
1920 Assessed valuatio u......2,248,455
L im it o f one / r te n t may be exceeded in counties where construction School 5s, $22,500........
>
_
Water 6s, $18,500...Jam, 1904-’ 19 Actual valuation_ .....5,000.000
of court bouse was begun hetore January. 1885, and where the ordinary
Total debt (last returns) $41,500 City tax rate (per $1,000) $12*50
re*, ennee, together with l per cent o f the taxable property, are not suffi Interest payable in New York, by Population in 1890 was. 10,741
Winslow, Lanier & Co.
Population in 1880 was.
4,126
cient for completion—in such cases, and where the exigencies absolutely
demand it, i»oo. I* not to exceed 1 per cent o f valuation in addition to
B A R T H O L O M E W
C O . - W m . M a t , T rea s.
ptwwl&m debt may be issued.
County seat is Columbus.
L im it o f one p e r cent c ann ot be exceeded except f o r tem porary loans in
Jan.. 1893... $77,000 I T ax valuation 1892...$15,165,060
any county having a voting population of twenty thousand; temporary Funded debtpaid at Columbus.
Interest
| Population m 1890 was
23,807
loans are authorized lu anticipation o f revenue for current fiscal year*
payable out o f such revenue within such fiscal year, and not for exceed ; B R A Z I L . — W . D . M e O u l l o u o h , M a y o r .
ing two-thirds o f the tax duplicate o f the preceding year; but no such j This city is In Clay County.
temporary loans are pm ahulble until all temporary loans upon the
LOANS—
When Due. Total debt (last returns). $56,500
School Hoi
HtooL House ;
Total debt 1887.............
50.000
revenue of any preceding year have been paid. Any ordinance, order,
8s, M vc N. $8,000..N ov, 1.1897 T a x valuation 1890.......1,307,325
\
resolution, obligation, eon tract, note or other evidence o f indebtedness
$ 14*00
(partyearly) to Nov*. 1. 1902 Tax rate per $ 1,000......
to Increase the debt of such county shall be absolutely null and void.— 6s, 51 A N, $ 2 0 ,000.Nov. 1 . 1897 Tax valuation 1887.......1,177,214
5,905
(part yearly) to Nov. 1, 1902 Population 1890 was___
i'Se® iSevbsed Statute**. Se* diois 5,81$.
Population 1880 was___
3,441
In addition t*> the Coreg* »iag, general statutee have been passed by the Water Works :
9s, J A J, $28,500.... 1893 to 1896
fj^ s ia tu r e gnuiting get oral power* to citb-s and towns o f fifteen
thousand latebim u t* or e ver to home hoods for legitimate corporate
o ih sy
p rS O Ifli, sabjwtt ho we n r, to the O 'ust!tution.il limit o f 2 per cent on
County scat is Frankfort.
valuation. But we have m i the space to set-out here the details, or the F mdeddebt Inn. 1, 1893..$15,000 N et debt--------------$60,000
details of the otm * tegts it km applicable to cities of larger and smaller Floating debt.......... .
60,000 T ax valuation 189*2.......16,226,805
27,370
lin k in g F u n d ................. 15,000 Population 1890 was...
spetsWe purpose*, such as water works, Ac.
pnpn-latlntt, and m
C L IN T O N CO .—J. W M K ®
.
P O P U L A T IO N 0 ? S T A T E -—While during the last decade or two
mn gaining in pop Hatton m fa*t as some of her
Indiana h m not
neighbor**, «ha tad * h ifh ra n t a « tt*g the 8ti*ie* with large aggregates,
aa-d the p m jp m ® * » has m ale in Increasing her nruibcrs since the bo*
iry Is really very it tie worthy,.. Tub ttrat Census
ginning o f c.t * m
*smimt rail on o f h® p ip tlatlon w;iM in 181 > an I Useloaei 2.517 person*
within the l* mite « the 8fate as it n »w exist*, thaagh there were 2,35$
perMxtsM more *»ti t fritory -mbic'iucotly made part o f Illinois. Even
©forward the increase was
in I * 1.0 tla.i n i a . r was tool 21,520; thi
rapid* an i in l 5 i tim ® i m V i >4tw*ad A toft ti * *t L i »1,428 Inhabitants.
r « r l$ »0 Urn ■ l m t t m b 2,192. ID L It Is worth noting that aside from
%
New York. Penn -vylvaals* niinoU and Ohio there are only five other
$U£e*, inoia liu * In liana, w ho*o popalatloa exceed* two million, and
u m o f tim m iMIehigmi) h m a mmnller total than Indiana.
C O L U M B U S . - W . W. Stadeb , Mayor.
This city is its Bartholomew County.
LO A N S—
When d uc. Total debt 1887.............. $67,000
Tax valuation 1890........2,549,700
W a t e r JI ix d s F u s d i n u ;—
$ 10*00
5s. J A J, $17,000, ...Jan. 1, 1907 Tax rate (per $ 1,000)....
5s, J A J, 45.000 ..... Jau. I, 19H) Tax value 1887.............. 2,150,685
Population 1890 w as....
6,719
I nterest payable in New Vora.
4,813
Total debt (last returns) -. $62,000 Population 1880 was----
D E L A W A R E C O .-
BANKS-STATE, NATIONAL AND SAVINGS INSTITUTIONS.
-While both n.dl m U and 8tate banks have increased In Indiana, the
jw
foatsir© in 4he
history o f the State- tii recent years h m been the
rapid M H Ip ltea u o o o f the State Institution*. In 188 4 there were only
h only 32. But on
id 4
in l %
27 State bank*
m
8!m »1664 the capital of
G e totter a t, m
tivm*g wjfr© no 1 n th
$ 1,221,625 and the
th# State h»iitei teit tnevejttt*! Itsm t $ 119,200
• the national hank®1
Of 01
0
,0 0 1 to $0,7 42i76t
4ep «m%m Dn m
\ Increase, and the
a
imti!pi0y SWteWBSWT ’fiIns flfiate hm
ratio of growth the
*nt o f ttteir opnmiItetm i* r m t ly Ion
m ©aae o f the State
mxmlb
wmu nwoh i
hm 1
Im ti tew
a
in lit thetstate D m * 9 , 1892,
Tliwr©w em 1.03 ft-ilhnii
#f*IP
i
■m trsm i tai inefeasM jdoniy
tin#* 00 at the cut! < I§85,hal s
1 from
ine
site in
n fl2»lH1l«V)0 t*> #13,722,61M i ib
fPJQ>*238,451 te #38.3
-1885.
..... ........ 18$
Sink.
Mt
CCter. 9, ‘0 2 j i‘iM L %
100
^13,7*22,660 #4,2:
1
tit m fo m
$ n f■pirn '&pN>nt* ‘ ’ ’
0,7 i/2.789
wwiu, tedUPFL, W B S ffiM lt
iOtAWA*
Bo, o f hank*.
Curdtel
T.Yor./$4.)
6500 $1,449,200
351,2*23
1,200
2,360,901
0,23i 6451
I
lu good condition,
j links in operation Ontoof $ 1,073,13 i ctefjoslte,
bua!JH'--ik o f the savings
jaavlttV*2 temUH ore not very fltifiic
*
an*11IlMslr Om pm m n r r steadily rtelag.
Im t 31, 1802, hmX I « , M f faspmlte sr« aw
The5 teliowliuc f'unrai\ i t cyumpariw
hatika ill fltetei inter
10:02,
1880.
1884.
(NVr. 1.)
W
(O c t 31.)
6 op. 1.)
M«X
4rinpi Bun kx.
6
6
No. Of tm nh *-.,
*3,502
"0,402
16,127
No. o f d#pc**i:ter*' •.. •
$1,330,950
A r o t o f sbpnelte. -.. $4,073,131 12,171,009
188,747
121,556
304,330
in r p lm _ . . . . . . . . .
_
380
231
252
Aver, esteh deposit.
1875.
• Im D H IH
I» will be niwerrrai liiat wiiito in 1880 tliero was one savings bank
m -r. than at present, swfgregate deposit- then were only $1,330,956
against $4,073,131 in 1-92.
-\V. S . R i c h e y , A u d i t o r .
Cmtnty seat to Muonic.
LO ANS-
OOUSTV BOND*—
1890-........,,2,102,401 I 1n m ......... .1,350.128 J 1830...........343,031
t*$ o .
, |,978.301 | 18 5 0 .......
988,416 1820..,...........147,178
1870,. ...... 19480.037 f 1840. ....... 685,806 { 1810.............. 24,520
Between 189 >an X 1870 the Inorease w m 3 19,209, or 24*45 per cent . :
hetww.ti 1870 and 1880 297,004, or 17*71 per cent, and between 1880
and 1890 214,103, o f 10*88 p e r cent
, Treas.
When S u e .
5s, M AX, .$98,000.......
1895
1908
5a, A.fcO, 73,000.......
Interest is payable by Third Nat
Bank, New York City.
Funded debt M c li.l,'93 $171,000
Floating debt.............
11,500
Sinking fund..............
52,669
Net debt.....................
129,831
Tax valuation, 1891... x7,369,790
Population 1890 was...
30,131
( A C. HAW KINS, Mayor,
'( F. GREGER, Auditor.
Evansville is the County seat of Vanderburgh County. I t is reported
by Interested parties that there are certain 7 per cent redemption
bonds o f this city outstanding which do not appear In the following
official statement, and upon which no interest has been paid since 1883.
v
r In lercxl .—~ ,---------P r in e i p a l ------ .
—
LOANS-
E V A N S V IL L E .
NAME AND PURPOSE.
J\ 01. Buyable.
When Due.
OutMandfg.
J & ,T Jan. 1,1912 $650,000
375,000
. -lie j & .1 Jan. 1, 1912
720,000
J & J July 1, 1912
400,000
J & J July 1, 1912
. 6
IN T E R E S T Is payable at the office of Winslow, Lanier < Co., N ew
&
York.
T O T A L D E B T, Et c .—1
The total funded debt Jan. 1893 waa
$2 . 1 *5,000, including water debt of $400,000. The city has no sinking
.
fund.
ASSESSED V A L U A T IO N —Xu 1892 the assessed valuation of re a j
estate was $19;!9*2,440; of personal property, $7,119,300; totai,$26,321.740; cit y tax proper (per $1,000), $15. In 1887 the total valuation
was $16.198,235; city tax, $16*60. In 1880 the total valuation was
$17,307,725
T A X -R E C E IV A B L E C O U P O N S .—A ll issues o f Evansville eity
bonds carry tux-receivable coupons.
| P O P U L A T IO N .—The population in 1890 was 50,756; in 1880 was
20,280; in 1870 was
j
F O R T
W
A Y M F — IJG J -80SENHEIMER, Treas,
n* A ZOTLINGER, Mayor.
w /A I i n X-L.
[ r K j r x i
Fort Wayne is the county seat o f Allen County.
KBFrr.\iMXG E ailh o ad L oans —
W hen D u e.
LOt\N3—
F osnrso I,o\x—
4>a*. A&O. $999,000. Oet. 15, 1913
W a t UK WoiiKS—
fin, A 5*0, $35,000 . .Oct. 15. 1 899
5
a &O, 24,000 .. Oct. 25, 1893 6s, M *N , $100,000..Nov. 15, 1899
1-Hi,000.-Jan,' 15, 1900
!$i.OOO yearlv) Ut O u t . 25. 1896 Oh, J&J,
21,000..Dec. 31, 1809
5«, .MAS, $24,000..Sep. 15. i993 5s, .TAD,
Of t,000 yearly) :o Si-p. 15,1898
IN T E R E S T payable at the Tliirrt National Bank, New York.
T O T A L DEBT, S IN K IN G FU NDS, 7 TC.~Th e subjoined state
ment shows Fort Wayne’s total municipal debt, the sinking fund held
by the eity against the same and the water debt, on the first of
January 1893 and 1892.
1893.
1892.
$724,000
Total funded debt (including water d e b t).........$694,000
Sinking funds....................................................
2,432
24,545
Series A . . .. .. — .........
Do. B .........................
Do. C ..............
Net debt........................................................$691,568
Water debt (included above)............................. $270,000
$099,455
$350,000
STATE AW CITY SUpH^W ENT.
88
Tho sinking fund receives yearly about 5 per cent of tlie taxes
collected. The city lias no floating debt.
ASSESSED V A L U A T IO N .—The city’s assessed valuation (about
two-thirds cash value) and ta x rate have been as fo llo w s :
B ea l Estate.
P e rs on a l
P ro iie rty .
Tax Bate
T ota l Assessed
p e r $ 1 ,0 0 0 .
V a lu a tio n .
$ 1 1 -0 0
$19,865,955
11 0 0
19,043,530
1 1 -0 0
19,629,540
11-50
4,437,605
19,000,000
1889........ ...... 14,562,395
12,561,140
1000
3,377,740
9,183,400
1887....... ......
13,450,075
P O P U L A T IO N .—In 1890 population was 35,393; in 1880 it was
26,880; In 1870 it was 17,718.
1892....... ...... $14,835,290
1891........ ...... 14,946,010
$5,030,665
4,997,520
Y o l. L V I .
J E F F E R S O N V I L L E . - B . H.
R
o b in s o n ,
Mayor.
Tbifl city is in Clarke County.
LOANS—
When Due.
Floating debt..........
$4,500
T ax valuation 1890....... 2 ,600,000
Real estate b e in g ....... , 000,000
6 s , ....... $80,000............................
Personal p ro p e rty ...... 600,000
Subject to call in 1892.
City tax (per $1,000)......
$ 20-00
Other B onds—
$16-06
—s , ....... $305,000.......................... County tax (per $1,000).
Population in 1890 w as... .. 10,666
Total bonds (last returns).$385,000
9,357
15,000 Population in 1880 was..
Sinking fund assets.........
INTEREST is payable by Coffin & Stanton, N ew York City.
City Bonds—
K O S C I U S K O C O . —N
ic h o l a s
P.
C ook,
Treas.
County seat is Warsaw.
F O U N T A I N C O . — Sa m u e l C l a r k , Treasurer.
County seat is Covington.
LO AN SCounty B onds—
When D ue. |T ax valuation 1892...$11,245,500
Assessment about % actual value.
State tax (per $1,000)........... $3-50
County tax (per $1,000)....... 6*00
Population in 1890 was......19,558
5s. June, $-1 0 , 0 0 0 ......1893 to 1896
Interest payable in Indianapolis.
Bonded debt Jan. 1,1893. .$40,000
G R ANT COUNTY.—
County seat is Marion.
31,493
23,618
Funded debt 1892........ $264,215 I Population 1890 was...
T a x valuation 1892....20,122,055 |Population 1880 was...
G R E E N E C O U N T Y . - J ohn
F rench,
Treas.
County seat is Bloomfield.
County bonds 6s............... $70,000 T ax valuation, person’l.$3,000,000
Assessment bonds 6s....... 84,500 Total valuation 1892... 9,500,000
Bonded debt Jan. 1893----154,500 Assessment about 3i actual value.
State tax (per $1,000)......... $3‘50
County has no floating debt.
Sinking fund......................$10,000 Co. & scliool tax (p. $1,000). 4*50
Net debt Jan. 1893........... 144,500 Population 1890 was.......... 24,379
T ax valuation, real........6,500,000
I N T E R E S T is payable at tlie Continental Nat. Bank, N ew York City.
H A N C O C K C O U N T Y . — County seat is Greenfield.
Fund, debt (last ret’ ns).
$41,000 |Population 1890 was......... 17,829
T ax valuation 1 8 9 2 ....10,678,612 |Population 1880 w as...........17,123
H A R R I S O N C O U N T Y . —P.
County seat is Cory don.
LO ANS—
W hen D u e .
Gr
if f in
,
Treas.
Bond, debt (last returns) $71,800
$2,400
Sinking fund assets.......
Tax valuation 1892........ 5,355,599
Population 1890 was___
20,786
Population 1880 was---21,326
F unding Bonds—
6a, M a y , $29,800...........................
Ss, M&N, 21,000...... May 1,1895
5s, M&N, 21,000...... May 1,1899
H U N T I N G T O N CO. —
County seat is Huntington.
Funded debt Jan. 1 , 1892..$75,000 |N et debt Jan. 1 ,1 89 2 ..
$75,500
Tax valuation 1892___ 12,758,950
Floating debt.................... 19,709
27,644
Sinking fund..................... 19,209 Population 1890 was...
r \ T r \ T a ivr A
TCI ___^THOMAS L. S U L L IV A N , Mayor.
\ w . W. W OOLLEN, Comptroller.
Indianapolis is tbe county seat of Marion County.
I N D I A N Air'CJL-.Io.—
LOANS—
W hen D ue.
F ire D epartment—
Series A
to
E—
7-3s, J&J, $300,000.. July 1, 1893
7-3s, J&J, 300,000..July 1, 1893
7'3s, J&J, 300,000..Jilly 1, 1894
F unding —
4s, J&J, $110,000___ Jan. 1, 1909 7-3s, J&J, 2 0 0 ,0 0 0 ..July 1 , 1895
8 ,000..Jan. 1, 1896
Subject to call Jan. 1, 1899 7*3s, J&J,
Southern P ark —
4s, J&J, $45,000....... Jan. 1, 1910
7‘3s, J&J, $109,500. .Jan. 26,1894
L ibrary B uilding —f
U nion RR. T. & Stock Y ard *—
5s, J&D, $90,000...... July 1, 1902
($10,000 due y’rly) to July 1, 1910 6 s, J&J, $500,000... Jan. 1, 1897
* Tbe city bolds $500,000 o f com
Patterson L evee —
6 s, July 1 , $ 5 ,000.-.-July 1, 1896 pany’s bonds as security.
t Tbe library bonds are not prop
Sellers’ F arm P urchase erly a part of tbe city’ s debt.
8 3 , A&O, $21,000......Apr. 1, 1893
PAR VALUE OF B O N D S .—Tbe bonds are all in pieces of $500
and $ 1 ,0 0 0 .
INTEREST is payable at tbe office of Winslow, Lanier & Co., New
York.
T O T A L DEBT, ETC.—The subjoined statement shows tlie total
funded debt of Indianapolis and tbe city’ s tem porary loan on each of
tbe dates indicated,
Jam.1,1893. Sepf.1,1891. Jam.1,1890. J «n .l,18 8 9
Total funded debt......$1,905,500 $1,905,500 $1,905,500 $1,905,500
Temporary loan........
33,500
19,499
25,000
71,600
The city has no sinking fund.
C IT Y P R O PE R T Y .—The city owns $5 00,000 o f tbe “ Union Rail,
road Transfer and Stock Yards Company ” bonds. The principal and
Interest coupons o f these bonds become due one month prior to tbe
principal and coupons of the city’ s bonds issued in aid of this company
ASSESSED V A LU A TIO N .—The city’s assessed valuation (about 60
per oent of cash value) and tax rate have been as follows, the ta x rate
In 1892 including olty tax proper, $ 6 -0 0 ; State tax, $ 3 -5 0 ; oounty tax
$ 2 -7 0 ; school tax, $ 2 -5 0 ; township tax, $ 1 -0 0 ; a total o f $ 1 5-70 per
$ 1 , 0 0 0 as below:
7’3s, J&J, $7,000...... July 1, 1895
P e rs on a l
T o ta l Assessed T otal Tax
P ro p e rty .
V a lu a tio n , p e r $ 1 , 0 0 0
Years.
B e a l Estate.
$99,208,900
$15-70
$29,915,795
1892.................. $69,208,900
15-50
28,075,045
93,595,930
1891................. 65,520,885
93,701,190
1524,006,960
1890................ 69,694,230
50.485.620
18-20
14,719.765
1887................. 35,765,855
13-50
19,136,585
58,205,890
1886................. 39,069,805
48,099,940
161880.....................................
P O P U L A T IO N .—In 1890 population was 105,436 in ’ 1880 It was
75,056; in 1870 it was 48,244
J A Y C O U N T Y . - -J o h n H a y e s , Treasurer.
County seat is Portland.
LOANS—
F unding bonds—
6 s,
When D ue.
Nov., $50,000..............1893-97
(P art each year.)
5s, J&J, $20,000....... July 5, 1898
(Part each year). .to July 5,1902
V a lu a tio n , etc .—
Total debt (last returns). $93,571
Floating debt 6 p. c. int. 39,571
T ax valuation 1892........9,087,085
Population in 1890 was...... 23,478
Population in 1880 was...... 19,282
Sinking fund................
$15,000
65,000
N et debt.......................
T ax valuation, 1892___ 17,519,077
5s, Aug., $40,000...... Aug. 1,1901
Population, 1890 was..........28,645
Subject to call at any time.
Bonded debt Jan., 1893...$40,000 Population, 1880 was......... 26,494
I NTEREST paid by Winslow, Lanier & Co., N ew York.
LOANS-
When Due.
Court H ouse B onds—
,
* ,— .
i
5P* E* 9 . M cG IN L E Y , Mayor.
L A r A Y L 1
1 -CL.— i GEO. T. B E AR D S LE Y, Treasurer.
This city is the county seat of Tippecanoe County.
LOANS
■ In terest. ---- . -------- P r in c ip a l. ------- ,
---nam e and
P. Gt. Payable.
PURPOSE.
When D ue.
Outstemd'g.
W ater W o r k s ..!..................... 8
J & D Deo. 1, 1895
$300,000
INTE R EST.—Payable at tbe office o f Winslow, Lanier & Co., New
York.
T O T A L FUNDED DEBT.—March 1,1893, it was $300,000.
ASSESSED V A LU A TIO N .—In 1892 total assessed valuation was
$10,909,815; total tax rate per $1,000, $21-50. In 1890 real estate
was $5,767,645; personal property, $3,545,205; total, $9,312,850
tax rate (per $1,000), $30 50. In 1888, $8,274,010; in 1880, $9,263,490Property is assessed at “ about 60 per cent actual value.”
P O P U LA T IO N .—The populationin 1890 was 16,243; In 1880 It
was 14,860 In 1870 it was
L A
P O R T E . — B. H . S cott , Mayor.
This city is the county seat o f La Porte County. The bonds are all free
from city ta x when held In the city.
LOANS —
When Due. T ax valuation, 1891— $3,881,000
Assessment about ‘5 actual value.
W ater B onds (R efunding )—
$16-40
5s, M&N, $5 0 ,0 0 0 ....May 1, 1893 Tax rate (per $1,000) ..
(this incl. State, city, etc., levies.)
($5,000 yearly) to M ay 1, 1902
7,196
Int. payable at city treaB.or iu N. Y. Population 1890 w a s...
6,195
Total debt (latest returns) .$50,000 Population 1880 w a s...
L O G A N S P O R T . - f f , H.
Cu llen,
Mayor.
This oity is in Cass County.
Total debt (last returns) .$326,170
Available assets.............. 36,752
Total debt July, 1880...... 456,276
T ax valuation.................................
Other City B onds—
T ax rate per $1,000.......................
—s ....... , $130,000......................
Floating debt.................... $26,170 Population in 1890 was----13,328
Annual interest charge— 15,295 Population in 1880 was— 11,198
Coupons are paid by Collin & Stanton, N ew York
LOANS—
W ater B onds—
When Due.
5s........... $170,000......................
TV A TY TC O N _ 5 IS A A C W AG N E R . Mayor.
/r
_
IV IJ A U IO L P IN .
| JOHN A. JUCK, City Clerk.
Madison is tbe county seat o f Jefferson County.
‘ F unding “ C,” N os . 1 to 177—
LOANS—
W hen D ue.
5s, J&D, $35,000......Dec. 20,1901
F unding . “ A ," Nos. 121-200—
5s, M&N, $64,000....Nov. 1, 1893 5s. A&O, $5,000....... Apr. 1, 1902
W aterworks F unding B onds—
($8,000 yearly) to Nov. 1, 1900
4*23, F&A, $100,000..Aug. 1, 1894
" F u nd ing “ B,” N os. 1 to 31—
5s, J&D, $26,000...... Dee. 15,1901 ($7,000 due yearly) to Aug. 1,1908
* The city reserves tlie right to call and pay $2,000 yearly o f either
o f the funding loans, lettered “ B ” or “ C.”
F R E E D O M .F R O M TAXATION.—These bonds are all exempt from
city taxation.
P A R V A L U E O F B O N D S .—These bonds are inpleoes o f $100
$500 and $1,000.
IN T E R E S T on tbe water-works funding bonds Is payable at the
National Branch Bank o f M adison; on all other bonds at tbe office o f
tbe City Treasurer in Madison.
T O T A L D E B T, S IN K IN G FU ND , E T C .—The subjoined statement
shows Madison’ s total municipal debt, tbe sinking fund held by tbe
city against tbe same, tbe water debt, and tbe city’ s floating debt, on
the 1st of September of the years indicated.
1892.
1890.
1887.
Total bonded debt ........................... $238,000
$254,000 $270,000Sinking funds..................................... 86,570
8,000
--------N et debt on Sept, 1..................... $151,430
$246,000
Water debt (included above)............. 100,000
100,000
Floating debt.................................... 41,927
24,118
16,046Tbe sinking fund receives yearly about $8,000.
ASSESSED V A L U A T IO N .—The oity’ s assessed valuation (sup
posed to be aotual value) and ta x rate have been as fo llo w s :
P e rs on a l
T o ta l Assessed
Tax Bate
B ea l Estate.
P ro p e rty .
V a lu a tio n , p e r $1,000
.......$2,454,030
$2,059,730
$1,513,760
$20-24
1890.........
... 2,477,340
1,434,905
3,912,245
24-60
55
1888,'.'.'.'.'........... 1,865,940
1,337,300
3,203,240
P O P U L A T IO N .—In 1890 tbe population was 8,936; in 1880 it was
00
8,945 ; In 1870 It was 10.709.
Years
1891 '
M A D I S O N C O U N T Y . — County seat is Anderson.
Bonded debt(lastroturns)$136,000 I T ax valuation 1892....$21,745,225
Floating debt..................
4,500 |Population 1890 was..
36,487
M A R IO N C O U N T Y . —
LOANS—
Old bonds, 4 * 2 8 ..........
Jail bonds, 5s............
Bonded debt, 1893....
Floating debt.............
County seat Is Indianapolis.
Sinking fund.
$125,000
9')5,000
$900,000 N et debt........
T ax valuation 1892. .130,000,000
150,000
141,1561,050.000 Population 1890 w as..
70,000
A m ou n t.
April, 1893.
INDIANA—CITIES AflD
M IC H IG A N C IT Y
— SM. T. KRUEG ER, Mayor.
t
>
r Z ,
,
'
i F- SCH AN ENFELE , Treasurer.
Michigan City U in La Porte County.
LO A N S —
IPAeu Due. Tax valuation, real......$1,958,365
B kiiiou BosroTax valuation.personal
896,235
« » , Live., $10.000.......Dee.31,1899 Total valuation 1892... 2,854,000
F U X D D tQ B o n u s —
Assessment is 50 p.c. actual value.
7s, -Vug.. $8,000 ...A u g. 1,1891 State tax (per $1.000)........... $2-28
W ater Bonus—
County tax (p er$ l,00 0)...... 6-60
5s. Apr., $13,000.... Apr. 30,1897 City tax (per $1,000)........... 12-50
Interest payable at T reasV s Office Average school ta x ............. 3-72
Total debt Jan.. 1893....... $31,000 Population 1890 w as.........10,776
Water debt (includ. in tot.) xi»,vw a upuitiuuil lOOv w tl.8. . . . . . . 7,366
“ *v * VV *
4
*■ 13,000 Population 1880 n as......... /,o
/
OPTIONAL—The bonds Issued by this city are all subject to call.
M O U N T V E R N O N . —A. C. F og as , Treas.
This city la the county seat of Posey County.
LOANS-
When Due.
Total valuation 1891...S I,629,155
Assessment about 23 actual value.
State tax (per *1,000).......... *1 90
Couuty tax (per *1,000)...... 5 00
City tax (per *1.000)............ 11-50
Average school ta x ............... 6 10
Population 1890 was............4,705
Population 1880 was............ 3,730
IN T E R E S T h* payable at the ollice of Coffin & Stanton, New Y ork
F unding :
J&D. *10,000..... Juue 1. 1809
5s. JAD, 10.000... June 1, 1901
5*. J&D, 10,000 ... June 1, 1909
Total debt Mar. 1. 1892.. *30,902
Tax valuation, real...... 922,098
Tax valuation, personal. 707,057
5-4.
City.
M U N C I E . — ARTnt.TR W. B r a d y , Mayor.
This city U the county seat of Delaware County.
LO ANS-
When Due.
Im provem ent Bond! —
S O U T H
R F N n _ (D A V ID A. SUPER, Mayor.
_
O U U 1 n
L S E h iN U .
( JOHN WAGNER, Treasurer.
This city is the county seat of St. Joseph County.
LOANS—
Cemetery—
When Due.
6s, Mar. 18, $2,600......................
Railroad —
5s,
MAS, $25,000..Sept. 1,1900
W aterworks *—
When Due.
5ias, M&N, $63,000..Nov. 1, 1904
5s, A&O, 15,000. .Oct.15, 1894
5s, J&J,
25,000.. Jan. 1,1901
5s, F&A,
90,000.. Aug. 1,1908
* Tlie water bonds o f the issues o f 1884, series J, are subject to call at
any time after 1894.
INTEREST on the cemetery bonds is payable at the St. Joseph
County Savings Bank; on the railroad bonds at the South Bend Nation
al Bank; on the water bonds, due In 1894, at the First National Bank;
on all others, at the National Park Bank, New York City.
T O T A L D E B T, S IN K IN G FUNDS, Et c .—T he subjoined statement
shows South Bend’ s total municipal debt, the sinking fund held by the
eity against the same, and the water debt, on the eleventh o f June
1892,1891 and 1890.
1892.
1891.
1890.
Total funded debt........................ $220,600
$205,600
$220,600
Sinking funds.............................
30,015
23,202
33,030
Net debt................................ $190,585
$182,398
$187,570
Water debt (included above)___$193,000
$173,000
$178,000
D E BT L IM IT A T 1 N .—The city’s debt is limited by the State law to
0
2 per cent o f the assessed valuation.
ASSESSED V A L U A T IO N .—The city’s assessed valuation (about
60 per cent of cash value) and tax rate have been as follows, the tax
rate in 1890 including city ta x proper, $14*50 per $1,000; State tax,
$2*85; county tax, $5*65, and the school tax, $3*50.
G e n e r al Cit t D ebt —
Streets—
5s..........*15.000................1901
6s, aemi-an., *75,216/93 to 1902
10.000
...........1906 Sewer5«, .
Tears.
Ile a l Estate.
Person a l P ro p . Total Assd. T a b
Tax Rate.
5s.
23.000
...........1909
Os, serai an.. 54,850/93 to 1900 1891............$7,750,870
$3,775,470
$11,526,340
........
5s, .
15.000................ 1911 Total general city debt,
4,015,230
2,209,440
6,224,670
$26*50
25.000
...........1912
5«.
Jan. 1,1893................ *88,000 1890............ 3,713,140
1888............
2,199,160
5,912.300
........
Improvement bonds...... 130.066
P O P U L A T IO N .—In 1890 population was 21,819; in 1880 it was
Population 1890 was..........11,345
Population 1880 was......... 5,219 13,280; in 1870 it was 7,200.
NEW
A L B A N Y .-
i MORRIS MCDONALD, Mayor.
' ( JACOB BEST, Treasurer.
This city D the county seat of Floyd County.
LOANS—
----- I n t e r e s t . -------------------- P r i n c i p a l . ---------name AND PURPOSE.
P- Of. P a y a b l e .
W hen D u e.
O u t s t a n d 'g .
Funding Bond*........... 1878 7
A * O Oct. 15,1893
$10,000
............ 1985 •
Improvement Bond*. . .1880 6
Refund Air Line HR. Bomls 5
1 *
y ^ rly 7 |
8’° ° °
M A N May 21,1000
50,000
J A J July
1,1915
295,000
Kent’/ A Ind. Bridge Bonds* 5
M A S -----1002
250,000
* The Kentucky and Indiana bridge bonds were issued by the bridge
company and are endorsed by the city of New Albany.
IN T E R E S T on the railroad bonds Is payable in New York; on all
others by the City Treasurer in New Albany.
T O T A L D E B T , SIN K IN G FU N D S , E T C .-T b c subjoined statement
allows New Albany’s total funded debt and the sinking fund held by the
city against the same on the 1st of Januaryl892,1891 and 1888 :
1802.
1891.
1888.
Total funded debt......................... *395.000
*104,000
*381,000
Pinking funds.............................
5,000
7,000
Net debt on............................ *390,000
carry tax receivable coupons.
ASSESSED VALUATION.—The city’s assessed valuation (about
easb vain*) and tax rate have been as follows:
T o t a l A itu eseed
C ity Tax
Y ea r*.
H e a l F.Mtnte.
P r o p e r ly .
V a lu a tio n .
p e r *1,000
1891 ...............*7,669.950 *3.013,915 *11,283,865
*20*20
1*90.................. 5.325,010
3,112,190
8,437,200
14 40
1**7..........
4,80-4,575
3.133,085
8,027,660
15*60
18*0..........................
....
3,725,390
POPULATION.—In 1800 population wo* 21,059; in 1880 it was
16.423; (n 1870It waa 15,396.
P E R U . —J esse S. Z erx, Mayor.
Tills city t* tn Miami County
LOANS—
W h e n D u e . I Total debt (last returns). .*152.000
F uj»d * d T>«*t Bonne—
I 8. fund and other assets.
18,908
0s, JAJ. *19.«M">..... July 1 1910 Tax valuation In 1890.. .1,568,150
,
m M i + p eadlal
Roans—
wj ttna R
0s. M*N,*6jOOO...... Nov.
euhjeet t o call after Nov.
0s, MAN. #15.000. . ..May
Subject to call after May
W
ater
W
o r k
* Bo
nd
e
a
H a u c k , Treasurer.
Terre Hante is the county seat of Vigo County.
LOANS,— Interest .— % /
--------- P r in c ip a l .— ---- ,
NAME AND PURPOSEP . Ct. Payable. When Due. Outstand’g*
Funding loan o f 1890............ 4 ^ J & J *10,000 y’rly $196,00(5
High school*........................... 5
M &N
1905
30,000
* High school bonds are subject to call after 1895.
INTE R E ST payable in New York.
T O T A L F U N D E D DEBT «April 1 1892 was *236,000; floating
debt, *42,700; total municipal debt, *278,700.
ASSESSED V A L U A T IO N .—In 1891 assessed valuation of rea
estate was *13,097,650; o f personal property, *5,500,855; total,
*18,598,505. In 1890 real estate was *10,978,540; personal property,
*4,976,395; total, *10,954,935; ta * rate (per $1,000), *24. In 1888,
*14,492,415; in 1880, *13,562,625.
P O P U L A T IO N .—The population in 1890 was 30,217; in 1880 was
20,042; in 1870 was 16,103.
T I P P E C A N O E C O .—J. F. B y e r s , Auditor
*397,000
T A X -R E C E IV A B L E C O U P O N S .-A ll Issues of New Albany bonds
P erto n a l
T E R R E H A U T E . — W. W.
l ......... 844,220
mill property..........
723,930
1, 1900 State, city andicounty tax
'
M
22-40
per *1.000.................
1, 1895
1.11*10 Population In 1890 was.......7,028
l, 1900 Population In 1880 w a s ..... 5,280
*—
*4, JAJ, *100,000 ...July 1 .1898
IN T E R E S T on the water bowls and school l>onds Is payable in New
York; on other loans at Pent.
P O R T E R C O U N T Y . — C y r u s A xk, Treas.
County Mat U Valparaiso.
LOANS—
When Due. I Tax valuation 1892----*8.025.406
CoOXTT Bona—
|Aver, tax (per $1,000) 1890 $15*28
5a.
. #!«>,oOO.............. 190L5 . Population, 1890 waa..........18.052
Fuelled debt i last retiirn»i.$00,000 I Population, 1880 was........ 17,227
R I C H M O N D . — P erry J. F re eman , Mayor.
County seat is Lafayette.
LOANS—
When Due.
Co u rt H ouse B onds—
.... *175,000..........June 12,1893
Co u n t y Bonds —
....*35,000.............July 18, 1893
VANDERBURGH
Auditor.
Gravel road bonds......
$62,000
Floating d e b t.............
74,000
Total debt June 1,1892
346,000
Tax valuation 1892___ 23,449,850
Population 1890 w a s...
35,078
C O . — J.
D.
P a r v in ,
County seat Is Evansville.
LOANS—
Total debt Jau., 1893... *613,000
Tax valuation, real...... 27,199,110
Tax valuation, personal. 8,585.770
Total valuation, 1891.-35,784,880
Assessment same as actual value.
State tax (per *1,000)......... *3-50
County tax (per *1,000).... 7-30
Average school tax............. 2*40
Population 1890 was.......... 59,809
F undino Bonds—
5s, J&J, *175,000............... 190' Population 1880 was,.........42,193
INTE R E ST is payable in New York, except on bonds due in 1899
payable in Evansville.
When Due.
Court H ouse Bonds—
5s, J&D, *18.000...... June 1, 1899
(Subject to call after Juue 1, 1894)
5s, M&N, *100,000....M ay 1,1904
(Subject to call after May 1, 1899)
5s, J&J, *100,000...... Jau. 1, 1910
5s, J&J, 220,000...... Jau. 1, 1918
V I G O C O U N T Y . — G . A. C o n z m a n , Treasurer.
County scat is Terre Haute.
LO A NS—
When D ueCo urt H ouse (Per. A, B A Cl—
5s, M A N , $100,000. .1893 to 1911
5s, June 2. 160,000.. 1896 to 1908
5s, M A 9, 100,000. .1897 to 1906
Interest is payable at Central Trust
Company, N ew York.
Fund, debt Jan., 1893.. $360,000
Sinking fund assets......
9,615
Tax valuation 1892----30,812,780
Tax rate (per *1,000)..
$8*30
Population in 1892 was
51,000
Population in 1890 was-----50,195
Population in 1880 was---- 45,658
W A R R I C K C O .—I. F. M asters , Treas.
County seat is Booneville.
Floating debt 1892....... *60,000
Tax valuation 1892...... 6,689,045
County tax (per *1,000)—
*5 #
50
Population 1890 w a s ......... 21,161
Richmond la the county aeat of Wayne County.
LOANS
When Due. I Sinking fund.................. 8.000
P ark Boana—
Wet debt Mar. 1, 1802 ...... 53,000 W A Y N E C O U N T Y . — County seat is Richmond.
5 «, AA<> $1-1.000..... Apr. 1. 190,-i j Tax valuation, real....... 6,649,055 Fund, debt (last ret’ns). $100,000 I Population 1890 was......... 37,628
.
guide. t to call after Apr. 1. 1895 i Tax vaIuotion,peraonal..4,215,304 Tax valuation 189*2. ...23,897,955 I Population 1880 was.........38,613
HTRr.f T I rkR itkmk >t—
€
j Total valuation 1892...10,864,359
6a. JAJ, $$00
..... July 1, 1893 Assessment about e.i actual value.
ffllOO due yearly) to July 1 1900 County tax (per $1,000)----$13*60 W E L L S C O U N T Y . - W m . C o v e r , Treas.
,
Bonded debt Mar. 1, 1992..$36,000 l it.}* tax (per $1.000).........., 10*40
Floating debt ...
...... 25,000 ( Population 1890 WS«.......16,608 Fundo 1debt (last ret’ne). $125,000 I Population 1890 was......... 21,514
Total debt ..................... 61,000 [ Population 1880 was......... 12,742 T ax valuation 1892........9,891,565 |Population 1880 was........... 18,442
IN TE R E ST 1» payable at National Park Bank, New York City.
W H IT L E Y C O U N T Y .-
S A IN T J O S E P H C O .-
County seat is Columbia.
County seat is Bluffton.
County scat Is South Bend.
Fund, debt (last ret’ne).
$54,000
1890
Funded debt (last returns/.f.-.-hOOn j Population 1890 wa*........£2,457 Tax valuation 1892 .... 9,330,625 I Population 1880 was......... 17,768
|Population
was.......... 16,941
T ax valuation 1892
22,425,830 1Population 1988 wa*......33,178
STATE ATJ$ CITY SU TTiEM E^T.
90
State of Illinois.
ITS
DEBT,
RESOURCES,
&c.
March 1, 1809
D jc. 8. 1118
58,3‘>
0
Total a^-ea of 3;ate (* p a re miles) Sorin'Oeld
State G i jit i l ......................................
Governor (term ends 2d Monday Jan, 1887) - John P. A'»geid
Sec. of State (term ends 2d Mon. Jan. *97), W . H. H irrc k on
Treasurer (term ends 2d Mon. Jan. ’93) - Rufus N. Ramsay
Legislature in >ets biennially ia o i l years on the W eln esia v
after the first M in la y in January, and there is no lim it to
length of sessions.
Organlzel as a Territory (A ct Feb. 3. 1833)
Admitted a* a 3:A e ( Asfc April 13, 1il3>
•
H IS T O R Y O F D E B T .—The history of the debt of Illinois begin'
with the work douo by the State on its oldest internal improvement,
the Illinois & .Michigan Canal. Uniting “ the Illinois R iver with tinsouthern bend of Lake Michigan” was an early thought. The first
official notice of it is found in the Aot o f Congress, March 1822, auth
orizin g tii.? survey and construction of a canal between the water.'
named, and vesting “ ninety feet o f laud on each side o f said canal” in
the State of Illinois therefor. In 1823 the route was explored by the
State. In March 1827, a farther gr int was made by Congress, another
A ct being passed givin g to Illinois for the purpose of aiding in the con
struction o f this canal, public “ land equal to one-half of five section
• in width on each side o f said canal and reserving each alternate
<
“ section to the United States.” N ot however till 1829 did the State
venture upon the important work o f beginning the enterprise. In that
year a law was passed by the Legislature authorizing a loan o f $.10 ),
000, and mv'.dng the termini o f t ie proposed caual at Peru on the
Illin ois R iver and a point 5 miles fro n Lake Michigan on the Chicago
R iver, a distance o f about 100 miles. These bonis wore all out in
1831.
This was evidently a modest start, and. yet was quite in keeping with
the situation aft tli it time, t ie total population in 1833 being only 157,
445. But land sales were he iv y in s ibsequent years, and the specula
tlve spirit ran high everywhere. Couseq lently we And in 1837 the
State takes a bold leap and p isses a la^v for a comprehend ve system ot
internal improvements, which included 1,341% miles o f railroad esti
mated to cost $11,170,411, besides the canal, which was estimated at
$8,654,387. Uuf ultimately the date o f this act was just about the d ite
when the inanoial situation all over the country began to put on an
unpromising outlook. Besides, very many of the other States had
bonds to sell at this time, so that altogether the marketing o f securities
proved an expensive and difficult affair. I t is sufficient to say here that
the event which forced a suspension of work and interest was the re
fusal in 1841 o f certain banks in N ew Y ork City and State to fulfil their
contract to purchase (payable in instalments) bonds of the State amount,
jng to about $750,000 because of a sterling loan the State had put out in
violation, as it was claimed, o f its agreement to issue no more stockThe State’s 6 per cent bonds were ruling August 30, 1841, at 55-55*2.
but before the end o f the year they were down to 20. I t is impossible
for us to give the exact condition o f the debt in 1841. But in an article
written by Mr. K ettell for H u nt’s Merchants’ Magazine in 1852, the
gtate debt is given as officially made up in December 1842, the total
according to those figures reaching $13,836,380—of which $2,665,000
had been issued for bank stock, $5,614,197 for the railroads author
ized, $4,338,908 for the canal, and $1,218,275 for other purposes.
This debt called for an annual interest payment of $830,182, the
whole population o f the State being, according to the 1840 Census, only
476,183. I t is almost needless to say that the interest could not be
paid, and yet here was a very large number of improvements on which
more or less money had been spent and no one o f which was as yet
completed. Under these circumstances the first act of the State was to
pass a la w in 1843 authorizing, and subsequently to negotiate, a loan
o f $1,600,000 on the credit of the canal and its lands, putting the canal
and all its property in the hands of trustees as security. B y this
method the canal was completed, and it so turned out that the lands
sold for more than the value specified in the trust, that the revenues in'
creased, and that in a few years the canal reverted to the State. The
other great burden was the Illinois Central RR., which was to have
been 457*2 miles long, and was estimated to cost $8,909,145; the State
had paid on this work up to the time it stopped payments $1,016,905.
Nothing more was done to forward the enterprise until 1850. In Sep
tember o f that year Congress passed an act granting 2,572,000 acres of
and to aid in the construction of the road, which was now to be 670
miles In length. A N ew York company soon made proposals to take
the land and build the ro ad ; in February, 1851, the Legislature passed
a law o f incorporation, and in March follow in g the company, through
its President, Robert Schuyler, accepted the act. We need not recite
what followed.
Only a few words more are necessary. In 1848 Illinois adopted a new
Constitution in which it restricted the making of any futuro additions
to its State debt (except in ease o f invasion or rebellion) to $50,000, at
the same time forbidding the g ivin g in any manner o f the State credit
to any individual, association or corporation, and also directing that a
two-m ill tax should be collected to pay off the old debt. Under these
provisions and the aYranginents already recited with respect to the
oanals, <fco., the State debt soon began to decrease. I t was temporarily,
increased again at the time o f our C ivil War. But in 1870 money was
provided for the payment of the last dollar, and now Illinois has no
debt whatever except $19,500 bonds which have ceased to d aw inter.
but have not yet been snrrended for payment, and probably never
will be.
Vol. L V I .
BO ND ED D E B T.—This State has no bonded debt, except $19,500
bonds which have ceased to draw interest, but have not yet been
surrendered for payment.
ASSESSED V A L U A T IO N .—The assessed valuation for the years
1873 and 1878 to 1890 inclusive is shown in the following.
Assessed. Val. Years. Assessed Val. Years
Years.
Assessed Val
1^92.. $831,310,306 1886.. .$ 793,563,498 1881.
$799,813,566
1891.. . 822,109.429 1885.. .. 798.482,823 1880.
786,616,394
1890.. . 808,892,782 1881.. . 809,169,803 1879.
734,632,550
1889.. . 792,197,542 1883.. . 817,904,721 1878.
857,235,762
1888.. . 784,911,874 1882.. .. 809,995,895 1873.
1887.. . 797,752,888
D E B T L IM IT A T IO N .—No State has developed a greater repugnance
to the creating of debt than Illinois, if wo may judge from the provisions
o f its present Constitution. Wc say developed, because this antagonism
has apparently been progressive. Nothing of it is to be found in the
Constitution o f 1818. The Constitution o f 1848 contains no reference
to municipalities, but has in it stringent restrictions lim iting to $50,000
the power o f the Legislature to create State debt, except in case o f war,
invasion, etc., unless the law proposing the issue of bonds Is submitted
to a vote o f the people. But turning to the Constitution o f 1870 we find
the whole subject of debt-making most thoroughly considered and ite
basis settled.
F IR S T , as to the State, the provisions are not very unlike the provis
ions of the Constitution of 1848, except that as to the lim it for casual de
ticits and failures of revenue, the aggregate which can be created is very
properly raised to $250,000. But with that exception and with the
further exception for the purpose of repelling invasion etc. no debt
can be contracted unless the law is submitted to a vote o f the people at
a general election, which law must contain a provision for the payment
of interest as it accrues, and previous notice o f the election be given by
publication for three months prior to such election. These last two
restrictions as to interest and notice o f election are only found in the
L870 Constitution. The sections which cover these matters are as fo l
lows; we omit the first portion of section 18, which relates only to
appropriations and payment o f appropriations out o f funds belonging
to the State:
Suction 18. * * * * *
Provided, the State may, to meet casual
deficits or failures in revenues, contract debts never to exceed in the ag
gregate $250,000; and moneys thus borrowed shall be applied to the
purpose for which they were obtained, or to pay the debt thus created,
and to no other purpose; and no other debt except for the purpose of
repelling invasion, suppressing insurrection or defending the State in
war (for payment o f which the faith of the State shall be pledged), shall
ue contracted, unless the law authorizing the same shall at a general
election have been submitted to the people, and have received a majority
of the votes cast for members of the General Assembly at such election.
The General Assembly shall provide for the publication of said law for
Three mouths at least before the vote o f the people shall be taken upon
the sam e; and provision shall be made at the time for the payment of
ihe interest annually as it shall accrue, by a tax levied for the purpose
or from other sources of revenue; which law, providing for the payment
of such interest by such tax. shall be irrepealahle until such debt be
paid: And provided fu rth er, that ue law levyin g the tax shall be sub
mitted to the people with the law authorizing the debt to be contracted.
S uction 20. The State shall never pay assume or become responsible
for the debts or liabilities of, or in any manner give, loan, or extend
its credit to or in aid of any public or other corporation, association or
individual.
Nothing needs to be added in explanation o f the foregoing. The pro
visions seem to be explicit and to guard most wisely the creation of
State debt.
SECOND, m u n icipal indebtedness is regulated only in the Constitution
o f 1870. Inthatinstrumentthesubjeotis dealtwith in all its phases. F ir s t
isapro vision in A rticle 8, Section 3, forbidding the General Assembly and
every muniaipality from making any appropriation in aid of any sec
tarian purpose. Second is a “ separate section ” forbidding any such
municipality from becoming a subscriber to the stock of any railroad
«fcc. or to loan its credit. Third is the broad and general provision,
Section 12, A rticle 9, which limits the indebtedness of all municipali
ties to 5 per cent “ on the value of the taxable property therein,” &o
W e g ive these sections b e lo w :
A r t ic l e 8, Section 3. Neither the General Assembly nor any county,
city, town, township, school district, or other public corporation, shall
ever make any appropriation, or pay from any public fund whatever,
anything in aid o f any church or sectarian purpose, or to help support
or sustain any school, academy, seminary, college, university, or other
literary or scientific institution controlled by any church or sectarian
denomination whatever; nor shall any grantor donation of land, money
or other personal property ever be made by the State, or any such public
corporation, to any church or for any sectarian purpose.
A r tic le 9, Section 12. No county, city, township, school district or
other municipal corporation shall be allowed to become indebted in any
manner or for any purpose, to an amount, including existing indebted
ness, in the aggregate exceeding tlve per centum on the value o f the
taxable property therein, to be ascertained by the last assessment for
**ate and county taxes, previous to the incurring of such indebtedness.
ny county, city, school district or other municipal corporation incur
ring any indebtedness as aforesaid shall before, or at the time o f doing
so, provide for the collection of a direct annual tax sufficient to pay the
interest on such debt as it falls due, and also to pay and discharge the
principal thereof within twenty years from the time of contracting the
same. This section shall not be construed to prevent any county, city,
township, school district, or other municipal corporation, from issuing
their bonds in compliance with any vote o f the people which may have
been had prior to the adoption of this Constitution m pursuance of any
law providing therefor.
Separate Sections. [Municipal subscriptions to railroads etc.] No
county, city, town, township or other municipality shall ever become
subscriber to the capital stock of any railroad or private corporation, or
make donation to or loan its credit in aid of such corporation, provided,
however, that the adoption of this article shall not be construed as affect
ing tlie right of any such municipality to make such subscriptions
where tlie same have been authorized, under existing laws, by a vote of
the people of such municipalities prior to such adoption.
The foregoing limitation to 5 per cent is general, as w ill be seen—that
is, it applies to all municipalities. With this limitation preserved the
Legislature has passed general laws authorizing the city council in
oities and tlie board o f trustees in villages to issue bonds for corporate
purposes, for refunding and consolidating debt, for water works, etc.;
and the county board of any county has |been authorized by general
statute to issue, when it deems it necessary, county bonds, after sub
jecting the matter to the legal voters of the oounty at a general election
April, 1893.
Illinois—CITIES /k^D TOW]N$,
iC which » majority vote Is required as a prerequisite of tlie issue In
all these tf. uer ,1 laws, however, it Is provided, accenting to Section 1 ”
A rtic le !).th e Constitution, that in no ease must the aggregate in
debtedness exceed ttve per cent of the taxable property therein.
IxraovtsKNt B istis.—There is a kind of improvement bond author
ised in some cases which is made a special lieu on the land benetitted
and to which the 5 per cent limit has no reference. We refer to cases
which come under the law entitled • To .1 vide oities and villages subject
•
1
'• to overflow into improvement districts." This statute provides that
any such city or village or part thereof may be laid off into an improve
ment district for the purpose of draining, raising the grade of tiie streets
and improving the district; that after the cost for the work has been
ascertained and been assessed, the assessment may be paid in instal
ments or otherwise and snch city or village may issue bonds sufficient
to pay the assessment. In that case the bonds are a lien
on the lots, blocks or parts thereof which shall be designated
therein; but iwfore the Issue the owner of the lots, etc., to he
charged must endorse npon the baok of such bond his consent,
under seal, la substance as follows: " I hereby indorse the within bond
• and consent that the lot or lots or parts thereof therein designated
" shall Iks-one- liable for the interest and principal therein named and
" the same shall be a lien upon said property from this date until paid
" off and discharged." Tim bond wheu executed by the city or village
and so endorsed by the owner shall be recorded In the recorder’s office
in the county. and such record shall lie a notice of the Uen created to the
same extent as the record of mortgages Is a notice.
We have room to give out thi* very brief ami imperfect outline of thin
fttatute. The whole law wt t lie fount! In the Revised statute* of IUiunis,
the in-19 ffclttiou. page 303. To nmlerataml the real caiiw ami occasion
for all thU machinery, om ihouid fttudjr al*o the previous statute (page
299. dee.) which authorize cities, Ac., to protect thcjii*elvea from overflow mill tuinitiation ami« utrol private levee*, Ac. After having read
.
the two law* U will lie fount that the district Improvement lKind has
been ikrltwl a* a relief mea lire, am! that It afford* a wise ami Ingenious
method for helping those in more moderate ulreumstauces who have
been taxed fur a very necessary Improvement to pay the tax by instal
m
anta.
01
Adding the national and State banks together, we get totals of very
laree proportions capital of over 57t3 million dollars, surplue and
profits of 31 ‘e millions and deposits of more than 206 millions.
C it ie s , C o u n t ie s
and
T
owns
IN THE
STATE OF ILLINOIS.
A D A M S C O U N T Y . — J a s . B.
County seat is Quincy.
LOANS—
IF hen D u e .
R vii.road Bonds—
5s, .1&J, 25.000 .......Jan. 1,1894
5s, JAJ, 25,000...... Jan. 1 , 1895
Interest is payable by Reeker Natimi.-U Bank. Quincy, 111.
Total debt Mar. 1, ’93 ..
$50,000
ALEXANDER
C o r r i g a n , T re a e .
Tax valuation, real
$10,552.326
Tax valuation, personal 2,328,691
Total valuation 1892.. 12,881,017
State tax (per $1 ,000,..
3-10
County tax (per $1,000)
7-50
Population in 1890 was..... 61,888
Population in 1880 was..... 59,135
C O U N T Y .—
County seat is Cairo. The bonds below described are registered with
State Auditor.
LOANS—
----- In t e r e s t . ---- . -------- P r i n c i p a l . - ------- ,
•JAME AND PURPOSE.
P . C t. P a y a b le .
W h en D ue.
O u M a n d 'q
Cairo A st. Louis BR........... 8
J & J
$41 000
Palm A Viuoeimea RR.......... 8 J & J
........
68’000
Funding................................ 6 J & J June 1, i898
92,750
INTEREST on bonds is payable by State Treasurer. Sprtngffeld
EQUALIZED VALUATION in 1892 was $2,053,691.
POPULATION in 1890 was 16,563 ; in 1880 it was 14,808,
A L T O N . — F. W.
J o e s t i n g , Mayor.
Thl* city i* iu Madison County.
W hen D u e.
LO ANSTotal dobt (last returns). $60,500
FlJ.NDIMi B<>Nns—
Tax valuation, real...... 1,303,240
$2 000
Tax valuation, personal. 404,235
5 », FA A, 8,’800V” .Ang. i ’, 1895 Total valuation............ 1,707,475
tQe.J&J. 5,500
July 1,1896 Assessed valuation % of actual vaL
4 e, F&A, 5,0!K) . ...Aug. 1. 1897 Total tax per $1,000......... $40-40
4 s. FAA, 4,500 . . . . Aug. 1. 1898
opulation in 1890 was..... 10,294
4 s, JAJ, 14.000....July 1, 1909 Population In 1880 was..... 8,975
Aug. 1, 1910
POPULATION OF STATE.—In Illlttnla the statistics of population 4 a, FAA, 6,000
P
IM IR IIV B M B
furnish a record of uninterrupted and most luarvetmi* growth. At tin* ■is, U B L IC $15.000...... N T B 11 N II 8 —
FAA.
Alig. 1, 1895
beginning of tiio eeutury, aceordiug to the Oensils taken at tliat time
interest payable at Alton.
there werw oulf 3«4M persons all told lu the territory now embraced
within the limits of the State (at the time of the ilr*t Census, hi 1790. A M B O Y .— This township is in Lee County. The bonds described
tfuwo wer* none of course). In 1810 the umilltor hail not increased a
are registered with the State Auditor.
great deal, ■•ring only 12,28-. By 1830 the aggregate luul boon raiaed
6s, July 1, $78,000... .July 1,1893
LOANS—
W hen D u e.
F u n d in g B o n d s —
(part payments) July 1, -----to 157.it:*, but even then the State malted Xo. *20 Twenty years
.
Bonded debt Oct. 1 1892.
after, In 1850. the population had rtseu to 851,470, aud the State stood Ce, July 1. $6,000..... July 1,1893 Population in 1890, was... $84,000
(part yearly) to July 1.1897
3,139
No, II, In tlie next ten years to 1800 the uuiulient more than doubled.
INTEREST 1» payable by State Treasurer, 8 pringtield.
and at 1,711AM the State outranked all others except New York.
Pennsylvania and Ohio; by 187(1the total had been increased to 2,539,- A R C O L A . — This township is In Douglas County. The b n *
od
891, and by isso to over three millions, the State still holding fourth
are registered with the State Auditor.
position; lu 1890, with a total of 3,826.351,even Ohio was passed, and
LOANS—
When Due. I Bonded debt Oct. 1,1892.8100,000
tbe State is now excelled only by New York and Pennsylvania.
R a i i . ho v i » Am B o n d s —
Population iu 1890 w a n ..
3,198
10*. MA8, $100,000....... Past due. | Popul .tiou in 1880 was..
2,925
184)0
... l.s H..LM IMim.......... 1,7! 1,931 11830............. 157.445
1880 ...... 3,077.871 1850........
851.470 1820............ 55,162
INTEREST
payable by the State Treasurer, Springfield.
1870....... 2,539,891 i 1840.......... 478.183 |1810............. 12,282
Tnkl ng the la*t three decade*, the lucrt*a*e of population between A U R O R A . — P e t e r K l e i n , Treasurer.
1860 •ml 1 70 v m 827,940, or 48*36 per went; between* 1870 and 1880
m
Aurora 1b I d Kane County.
537,980, or JI*i8 per ccot; and between 1880 and 1890 748,480, or
LOANS—
TFAen D u e . I W a t e r B o n d s —
94'32 per rent.
aBHiDGE B onds (Town)—
|5s, F&A, $46,000...... Feb. 1,1895
B A N K S -S T A T E , N A T IO N A L A N D SAV ING S IN S T IT U T IO N S .
—Tbe great progrea* which Illinoi* ha* made during the la*t few years
In all branch** of trade and Industry la strikingly reflected lu the opera
tion* of the bank*. A* against lea* than 06 million* of deposit* held by
tbe national organization* at the close of 1885 the deposits of these In
stitution* on Dec. 9, 1892. amounted to over 126 million dollar*, fn
this Interval the number of organization* ha* 1ucrea*ed from 166 to
212 and their capital from 925,471,600 to 940,031,000. But this shows
only part of the state’s development in banking. During the last four
year* a fHal* system of bank* and trust com(mule* ho* sprung np with
marveloo* rapidity. The growth ha* oome a* the result of a new
law apparently dmtgmsd to foster the creation of such banks. The new
law wa* approved June 16, 1887, was ratified by a vote of the people
November 6 . 1888, and went into foroe December 6 , 1888, and under It
all the bank* of the fttaie, both old and new, and whether organized by
special charter or by general law, were made subject to tttate super
vision.
V . JAJ, $6,000.......July 1,1893-4 5b, FA A, 46,000...... Feb. 1,1900
School B unds —
I 5s, F&A, 46,000...... Feb. 1, 1905
semi-an., $40.000yearly.$3,000 |
a $500 coupon bonds.
b $1,000 coupon bonds.
INTEREST on water bonds is payable at the First National Bank,
Sew York C ity; Interest on other bonds at the Aurora National Bank,
Aurora.
T O T A L DEBT, ETC.—The total olty debt on Jan. 1,1892, was$138,000, all o f which was water debt. Total township and school debt
$55,000.
ASSESSED VALUATION.—In 1891 tbe oity’s assessed valuation o f
real estate was $2,559,210; personal property, $1,049,253; total, $3,608.463. Tbe township’s assessed valuation of real estate in 1891 was
$3,093,375; o f personal property, $1,143,061; total, $4,236,436. Prop,
erty is assessed at 20 per cent o f its actual value.
BONDS ILLEG A LLY ISSUED—"M an y years ago bonds were
Issued by the town to the Ott. Os. & Fox Valley R. R. Co. whloh were
declared illegal by the Supreme Court o f tbe United States 1n a suit in
stituted by tbe town of Ottawa, wldoh issued similar bonds under tbe
same act of the Legislature of tbe State of Illinois, and o f oourse town
could not legally levy a tax to pay them.”
P O P U L A T I O N .—The population in 1890 was 19,688; in 1880 was
11,873 ; in 1870 was 11,162.
5 b,
Tbe new art was amended in certain particulars by a later act,
approved June 3, 1889. Tbe law «eetu* to have met an urgent
need. At any rate, since It* passage 8 tate organization* have risen on
•very side. Tlie evidence 1 furnished In the report* of the dtnte authori
*
ties. The official total* Include saving* banks and trust companies ns
well as the regular commercial banks, and Indeed tlie distinction be B E A R D S T O W N . - H . M. S c h m o l d t , Mayor.
tween the three cla**** la bard to define In most of tlie Western Htate*.
This olty is situated in Cass County.
On Fsbmary 19.1889, the date of the first report under the new law.
LOANS—
W»en !>“«• Tax valuation 1891....... $351,900
Assessm’t about 15 p. o. act. value.
R efunding Bonds—
there were 26 organizations altogether; by Octolier 1, 1890, the num
$105,000 $5,000 yearly Total tax (per $1,000)......... $7*43
ber had inrrea*ed to 50, June 1891, *aw it up to 68 , and on October 20 , 5s. JAJ. payable by State Treasu’r. Population in 1890 was..___4,226
Interest
1892. there ware no I*** than 110 Btate banks, savings banks and loan Bonded debt Mar. 1 ’92.$105,000 Population in 1880 was...... 3,135
and trust <mi»p*o>c». In this Interval of 3 years, capital stock bn*
TT
K
SH. O.
increased from #5-831.000 to 817,51*2.500, surplu* and profit* from p c - l t p VV 1 1 ,T ■ < _ , JOHN WEBER, Mayor.
tAtLl^L^C,
)—
WINTER, Treas
83,341,757 to 9 3811,198, and deposit* of all kind* (Including
This city is in St. Clair County.
93,269,195 saving* deposit* at the earlier date and 924,041,231 at the
Total debt Jan. 1,1893.. $149,450
LOANS.—
W hen D ue.
i' *
m ;i to SO leas than960,099,290—
certainly a
Tax valuation, real...... 1,727,780
R ailroad A id Bonds—
8s, ann. $25,000........................ Tax valuation, personal. 552,713
titging attention.
Total valuation 1892 ...2,280,493
R efunding B onds—
* jt ------------1892.------------- --------------1885.------------3*10
4s, MAS, $84,000..... Sept. 2,1909 State tax (per $1,000)...
N a tiona l.
"puxf.
Stale.*
Na t i o n a l .
State.
County tax (per $1,000).
4*20
Subject to e l l after ten years.
{ D e c . 24.)
11X1*01*.
(Dre. 9.)
(Or/. 26.1
23*40
4s. JAJ, 40,000..... Jan. 1,1910 City tax (per $1,000)....
166
No. of bank*.....
212
llO
Average school tax......
16*00
Subjeet to call after ten years.
Capital
940.031.000 817,512,500 825,471,600
Population in 1890 was..... 15,361
Street Bonds—
Surplus A profit*. 2:«.594,925
7,901,198
10,341,97G
10s........ $-150...........................
(19.958 180.099,21*0 65,819,646
IN T E R E S T payable in Belleville All of the bonds issued by tlds
* Including loan ami trust companies and savings bank*,
city are exempt from taxation.
f Including f 24,041,231 saving* deposits.
9 2
B /ilft
T
CITY SUfft£M£WT.
B E M E N T.—
This township is in Pratt County. The bonds
described are registered with the State Auditor.
iVVien Due. Bonded debt Oot. 1,1892..$56,000
LO ANSPopulation in 1890 was.... ------Fr.NDiNo B onds —
0s, July 1, $55,000....July 1,1893 Population in 1880 was.... ------R a il r o a d A id bonds —
10s, July 1, $1,000.........Past due.
INTEREST is payable by the State Treasurer, Springiiold.
B L O O M IN G T O N . ^ ^ ™
Bloomington is in McLean County. The city owns Its water works and
has a small debt,which it has reduced from $207,500 In 1880 to $112,500
in 1893.
LO ANS,
TWien-Due- Bonded debt Jan. 20, *93 $72,500
40.000
R a il r o a d B onds issued to St. L. Floating uebt............ —
Total debt .Ian. 20. 1893. 112,500
Jack. & Chic. R. R.—
5s, A&O, $37,500..................1907 T ax valuation, real....... 2,733,522
but subject to call after 1897 T ax valuation, personal. 829,769
Total valuation 1892---- 3,56ji,291
W a te r Works88, J&J, $10,000....... Jan. 1, 1894 Assessment is t, actual value.
City ta (per $1,000)............ $4-45
8a, J&J, 25,000....... Jan. 1, 1895
($5,000 due yearly) to Jan. 1, 1899 Population in 1890 was...... 20,484
INTEREST on railroad bonds is payable m N ew York by the
American Exchange National Bank; on water works bonds by City
Treasurer.
B R IM F IE L D .—
This township is in Peoria County. The
bonds described are registered with the State Auditor.
LO AN S—
When Due. |5s, J&J, $47,000........July 1,1893
F u nd ing B onds —
I (Part due yearly) to July 1,1909
5s, July 1, $30.000___July 1, 1893 I Bonded debt Oct. 1, 1892. .$77,000
(Part due j early) to July 1, 1904 | Population in 1890 was.... 1,589
IN T E R E S T is payable by the State Treasurer, Springfield.
C A I R O . — C a s e y St it e s . City Clerk.
This city la in Alexandria County.
LOANS—
When Due.
R iil r o a d A id B onds —
F u n d ing R a ilr o ad B onds —
8s, J&J, $18,000.............................
68, J&J, $230,750......Jan. 1, 1898 Population in 1890 was---- 10,324
IN T E R E S T on registered bonds is payable by State Treasurer
Springfield..
C H A M P A I G N . — This township
is in Champaign County.
The bonds described are registered with the State Auditor.
LO AN S—
When Due. 5s, Jau. 1, $33,000....Jan. 1, 1909
(Subject to cull after Jan. 1,1904)
F u nding B onds —
R a il r o a d A id bonds —
6s, Jan. 1, $32,000....Jan. 1, 1900
10s, Dec. 1, $3,000___
past due
(Subject, to call at any time.)
6s, May 1, $25,000... .M ay 1,1902 Bonded debt 'let, 1,1892..$93,000
Population in 1890 was........6,619
(Subject to call at any time.)
INTEREST is payable by the State Treasurer, Springfield.
CH ARLESTO N
.— This tow n is In Coles County, The
bonds described are registered with the State Auditor.
LOANS—
When Due. Bonded debt Oot. 1,1892,.$77,000
Population in 1890 w as....... 4,135
R a il r o a d A id B onds 63. June 1, $77,000...June 1,1900 Population iu 1880 w as....... 2,867
(Subject to call at any time.)
INTEREST is payable by the State Treasurer, Springfield.
Jan. 1,1893.
Total bonded debt............. $18,476,450
Sinking funds...................
383,420
Vol. L Y I
Jan. 1,1892.
$13,530,350
378,600
Jan. 1,1891.
$13,545,400
326,642
N et debt......................... $18,093,030
$13,151,750$13,218,7
In addition to the bonded debt as given above there were outstand
ing on January 1, 1892 water certificates to the amount of $1,000,000,
bearing Interest at the rate of 5 per cent per annum.
C IT Y P R O P E R T Y —Tlie city owns buildings and real estate of the
valuo of $34,690,870, tnoludiug water works which have cost $19,061,268, and are officially valued at $40,000,000, and an eleotrio-llght
system, supplying 1,929 double oarbon lamps. In 1891 the inooins
from water rents was $2,271,130.
D E B T L IM IT A T IO N .—The city’ s debt is limited by law to 5 per
cent of the assessed valuation, as determined by the State Board o f
Assessors.
ASSESSED V A L U A T IO N —The city’s assessed valuation (about
ono-thlrd its cash value) aud tax rate for oity purposes have been at
follo w s:
City
Tax Rat*.
* Total Yal.
P r. Properly.
R al Eslat ’.
That's.
$243,732,138
$49-82
$83,117,502
189*2........ ...$190,014,036
256,599,574
4776
53,245,738
1891........ ... 203.353,791
48,800,514
219,354.368
43-57
... 170,553,854
1890........
201,104,019
43,460,026
1889....... ... 152,643,993
160,641,727
35-ai
37.349,369
I t 8 8 ........ ... 123,292.358
•Includes total railroad valuation, whioh In 1891 was $11,209,837.
The tax rate above given is that for city purposes only. In addition
to this the three dlstriots of whioh the oity Is composed are assessed
for their proportion o f State and oounty taxes, and for oertain improve
ments, the oity in its oorporate oapaolty not being assessable for these
purposes.
C I T Y ’S G R O W T H .—The city’s growth In population, wealth and
indebtedness appears from the fo llo w in g :
City tax
Valuation.
raised.
Bonded debt.
Year.
Poi/ulation.
$243,'. 32,138
$12,142,448
$18,476,450
1892.............................
256,599,574
10,453,270
13,530,350
1891.............................
219,354,368
9,558,334
13,545,400
1890............ 1,099,850
137,326,980
4,872,456
12,751,500
1884............
629,985
117,133,643
3,899,126
12,752,000
1880............
503,185
303,705,140
5,466,692
13,456,000
1874............
395,408
275,986,550
4,139,799
11,041,000
306,605
1870............
64,709,177
1,294,183
3,701,000
1865............
178,492
37,053,512
573,315
2,336,000
1860............
109,206
7,220,249
25,270
93,395
1850............
28,269
CHICAGO S A N IT A R Y DISTRIC T.
This district was organized In 1889 and it includes practically the
entire city o f Chioago and the greater part o f the towns o f Lyons and
Cicero.
LOANSW e n Due. T ax valuation 1891..$254,000,000
1,090,000
5s,M&N,$2,000,000.Nov.,’93 t o '12 T ax le vy 1891..........
Population 1892 about. .1,400,000
($100,000 due yearly)
C L A R K C O U N T Y . -T. E. C o r n w a l l , Treas.
County seat is Marshall.
LOANS—
When Due.
Co u r t H ouse W a r r a n t s —
6s, Jau., $30,000....... part yearly
(Subject to call at any time.)
F u nding B ond T a x —
7s, July,
$141....J u ly 11,1893
7s, v a r„
15,010....var.,
1894
7s, var.,
550___var.,’95 to’99
R egistered B ond T a x 68, May, $30,000...... May 1,1895
6s, May,
30,000...... May 1,1900
T o w n s h ip R egis . B onds —
7s, var., abt. $60,000............ 1894
(Due in part payment) t o .......
Total debt Feb.1,’93, abt. $165,731
T ax valuation 1892___ $2,763,446
Population in 1890 was___21,89i>
IN T E R E S T on tho registered bonds due 1805 and 1900 and on the
township bonds Is payable at the State Treasurer’s office; on all other
bonds at the County Treasurer’ s office.
t t t / ■ a
—
r~*
( C A R T E R H. H AR R ISO N , Mayor.
tT I
— ( H. M. M AY, Comptroller.
Tliis city is in Cook County.
J&J,
$98,000 Jan. 1, 1899
LOANS—
When Due. 78,
C it y B onds , E, F. G. K. L. & O.— 7s,
J&J,
70,000 July 1, 1899
7s, J&J,
$60,000 Jan. 1, 1894 7s,
J&J,
228,000 Sept. 1, 1899
7s, J&J,
150.000 July 1, 1899
W ate r B onds —
6s, J&J,
100.000 July 1, 1895 7s,
J&J,
541,000 July 1, 1894
6s, J&J,
86,000 July 1, 1896 7s,
J&J, 1,485,000 July 1,1895
4s, J&J,
843,450 Apr. 1,1901 6s, J&J,
50,000 July 1, 1897
C O U N T Y . — C h a s . K e r n , Treasurer.
Ci t y H a l l B ondsJ&J,
82,000 Jan. 1, 1898 C O O K
78, A&O,
100,000 Oct. 1,1898 4s| J&J,
150,000 July 1,1908
Cook County contains the City of Chioago, which in 1891 furnished
7s, J&J,
198,000 July 1,1899 I 4s,
J&J,
159,500 July 1, 1910 $256,599,574 of the county’ s total assessed valuation of $282,676,167,
R iv e r I m pro vem ent B onds —
4s, J&J,
821,000 July 1, 1912
R e fu n d in g B ondsLO ANS—
When Due.
7s, J&J,
500,000 July 1, 1893 365s J&J,
333,000 July 1,1892
4L js, M&N,.$1,158,500.May 1, 1900
C urt H ouse B onds—
7s, J&J,
346,000 July 1, 1894 313s, J&J,
225,000 July 1, 1909
500,000.May 1, 1905
7s, J&J, 1,263,000 July 1, 1895 3Lis, J&J,
108,500 July 1, 1910 5s, J&J, $750,000...Jan. 1,1899 4ios, M&N,
4s, M&N, l,350.000.May 1, 1893
4s, J&J,
250,000 July 1, 1910
F unding B onds—
W o r ld ’ s F a ir B onds($67,500 due y'rly) to May 1,1912
4s, J&J,
249,000 July 1, 1912 48, J&J, $5,000,000 Jan. 1, 1921 4s, M&s, $750,000...Mar. 1, 1894
School B onds (It)—
($50,000 due y ’rly) to Mar. 1, 1908
Subject to call at 105 any J an. 1
7a, J&J,
200,000 July 1,1899
or July 1, on 90 days notice.
IN T E R E S T -—Interest on all bonds is payable in Chicago.
4s, J&J,
198,500 Apr. 1,1907
H yd e P a r k —W a te r B onds —
T O T A L FU N D E D DEBT-—The total funded debt on May 11892
4s, J&J,
146,000 Jan. 1, 1908 7s,
J&J,
30,000 July 1, 1893
4s, J&J,
145,000 July 1, 1908 7s,
J&J,
23,000 Jan. 1, 1894 was $4,558,500. The debt per capita in 1890 was $3 93, against
4s, J&J,
281,000 July 1, 1910 7.3,
J&J,
322,000 Jan. 1, 1895 $7-70 in 1880.
3 *28, J&J,
135,000 July 1, 1910 7s,
J&J,
9,000 Jan. 1, 1896
ASSESSED V A L U A T IO N in 1892 was $270,737,446; in 1891 the
Se w e r a g e B onds—
5s,
J&J,
50,000 Jan. 1, 1904
assessed valuation o f real estate was $223,859,166; o f personal prop
7s, J&J,
785,000 July 1, 1894
L a k e V ie w W ate r B onds 7s, J&J,
13,000 July 1, 1895 76,
J&J,
75,000 July 1, 1895 erty, $58,817,001; total, $282,676,167. Property is assessed at one4Ljs, J&J,
489,500 July 1,1900 5s,
J&J,
23,000 July 1, 1904
4s, J&J,
458,000 July 1, 1904 4s,
J&J,
50,000 July 1, 1907 tifth of its actual value.
P O P U L A T IO N .—The population in 1890 was 1,191,922; In 1880,
4s, J&J,
387,000 July 1, 1908
T ow n of L a k e W a t e r B onds—
4s, J&J,
490,000 July 1, 1912 7s, J&J,
107,000 Jan. 1, 1894 607,524.
T unnel B onds (P)—
7s, J&J.
115,000 July 1, 1894
7s, J&J,
100,000 July 1,1896 5s, A&O,
150,000 Apr. 1,1892
7s, J&J,
100,000 Jan. 1, 1898
to 1902, $15,000 yearly.
C R A W F O R D C O . — County seat is Bobinson. The
7s, J&J,
98,000 July 1,1898
bonds are a ll registered with the State Auditor.
SOUTH CHICAGO.
LO AN S—
- Interest.— . ------- — Prin cip a l,-------- .
—
P ark B onds.
Land purchase—
NAME AND PURPOSE.
P. Gt, Payable. When Due. Outstand'g.
Land pnrebase—
5s, J&J, $27.000....... Jan. 1,1899
R efunding............................... 6
Jan. 1 Jau. 1, 1902
$100,000
6s, J&J, $225,000...... Jan. 1,1898
W o rld ’ s E x p o s it io n —
IN T E R E S T is payable at State Treasury, Spriugffeld.
Interest Am. Ex. Nat. Bank, N. Y. 5s, F&A, $500,000 ....F eb , 1,1911
T O T A L BOND ED D E B T November 1,1892, was $100,000.
WEST CHICAGO.
ASSESSED V A L U A T IO N iu 1892 was $1,915,401; iu 1S91 the
R efunding B onds.
W est P a r k B onds (continued.)
5s, J&J, $498,000....July 1, 1910 5s, J&J, $1,000,000...July 1, 1911 real esta.e was $1,266,025; personal property, $399,082; total, $1,W est p ric B onds.
5s, J&J,
500,000...July 1, 1911 665,107. Total ta x rate (per $1,000) In 1891, $5’S0, including State
5s, J&J, $193,000....July 1, 1899 A ll bonds optional at any time.
tax, $3-30 and oounty tax, $5-50. Property is assessed at ki of its
NO R TH CHICAGO.
actual value.
Bonds called yearly—
I Shire p rotection P O P U L A T IO N in 1890 was 17,283; in 1880 was 16,197.
73, A&O, $250,000......................... I 5s, A&O, $300,000.........Oct., 1907
IN T E R E S T -—Interest on the Chicago city bonds Is paid in New
D A N V I L L E . —J. S c h a r t z , City Clerk.
York by the American Exchange National Bank.
Danville is in Vermillion County. Tlie refunding bonds below are
T O T A L D E B T, S IN K IN G FU N D S, ETC-—The subjoined statement
shows Chicago’s total debt, and the sinking fund held by the oity registered with the State Auditor. See explanation under State o
again.-c the same, on the first of January o f each of the last three years. Illinois.
A p r il,
iu in o is —cities
1893.
LO A N S —
NAME AND PURPOSE.
Afifi
towns,
93
— Interest.—
-P. Ot. Payable.
,----------- P rin ciy al.-----------. P r A T F M A
5M- FRIESENECKER, Mayor.
When Due.
Outstand'g. V _x ^A l_,E glN /A .— i JOHN B. FRENCH, Clerk.
This city is in Jo Daviess County. Holders of the old issues of this
Refunding bonds............. 5 July 1 \ J^ (o6o y w l? ? 6 | * m .0 0 0
do
................... July 1
..........
33,000 city which the follow ing are to refund 6hould register the securities
with the State Auditor of Illinois as matured and unsatisfied bonds.
IN T E R E S T on registered refunding bonds Is payable by State
When Due. Bonded debt Feb. 21,1893.$65,276
LO ANSTreasurer, Springfield.
INDKBTEDNESS—
was....
ASSESSED V A L U A T IO N ^ — 1830 total assessed valuation was 6s, July 1, $8,276...5 p. ct. yearly. Population in 1890 was.... 5,635
In
Population in 1880
6,451
*2,117.641.
R vi i.KOAi* B onds—
6s, July 1, $57,000....July 1, 1893
P O P U L A T IO N .—TUe population In 1890 was 11,491; in 1880 was
(5 p. c. due yearly) to July 1, 1912
7,733.
IN T E R E S T and principal of the city’ s bonds are payable by the
State Treasurer.
A T1TD
5 'V. F. CHAMBERS, Mavor.
U L L A I U n . — { l . p, SKELLEY, City Clerk.
Deeatur 1* the capital of Macon County.
G A L E S B U R G —N. J. Ol e e n , Treasurer.
LO A N S —
IVAen Due. I Bonded debt Nov. 1, '92.. $70,000
This city is in Knox County.
C m o r D bcv T.'E B onds —
1 Floating debt...............
11.S00
__
_
When Due. Total valuation 1891...$2,806,519
LOANS6a. AAO. $.'0,000 . ...Oet. 1. 1904 Total debt Nuv. 1,1392..
81.500
W a te r B onds Assessment is 15 actual value.
P ublic I mp . A B onding —
Sinking fund....... ........
24.032
7s. PA A. $ 10,000 ...Aug. 19, 1390 Tax valuation 1892........ 2,433,774 58, A&O, $43.000___Oot. 1,1900 State tax (per $1,000)...........$3*30
5s, A&O,
43,000....Oct. 1, 1910 County tax (per $1,000)........ 5*30
R kfcndino B onds —
| Net debt Nov. 1, 1892_
57,468
$86,000 City & school tax (p’r $1,000)37*40
6e, J&D, $20,000......June 1,1399 | Population 1890 was.....
10,841 Total debt May 1, 1892.
T ax valuation, real...... 1,817,974 Population in 1890 was___15,264
T ax valuation, person’l.
988,545 Population in 1880 was___11,437
n iY n \ T
5GEORGE STEEL, Mayor.
IN T E R E S T is payable in Galesburg and in N ew York City.
u l A - L i l N . — f E. W. SMITH, Treasurer
Dixon la In Lee County.
LOANS—
When Due. |Tax valuation 1392 abt. .$920,000 G A L L A T I N C O .—J. M K e l l i y o t t , Treasurer.
B ridck Bonds —
Tax valuation, real........ 565,778
County seat is Shawneetown. The bonds below described are regis
S*. July 1.$63.000--- July 1,1906 Tax valuation, personal.. 294,115
Subject to call after July 1. 1896 [ Total valuation 1891...... 859.893 tered with the State Auditor.
Interest paid by 8. A. Keen A Co., |Assessment about H actual value.
LO A N S —
- Interest.— , .--------- Prin cipal.-------- .
—
Chicago. I1L
Population in 1890 was........ 5,161 NAME OR PURPOSE.
P. Ct. Payable. When Due.
OiUstand'g.
Total debt Jan. 1, 1393... $63,000 iPopulation in 1830 was........ 3,658 Funding bonds........................ 6
J & J July 1, 1905
$190,000
Subject to call after ten years.
E A S T
L I N C O L N . — This township is in Logan County.
IN T E R E S T is payable In New York.
The bond* described are registered with the State Auditor.
T O T A L BONDED D E B T Oot. 12, 1891, was $190,000; sinking
LO A N S —
When Due I Bonded debt Oct. 1, 1892..$98,000 fund assets, $23,000; net debt, $167,000; net debt per capita in 1890,
5*. July 1, $98.000— July 1, 1906 Population in 1890 was........ 4,480
Subject to call after July 1, 1896 |
Population In1880 was........ 4,056 $16-27; In 1880, $'23'83.
E QUALIZED V A L U A T IO N in 1892 was $1,513,074, about M a tu l
c a
IN T E R E S T 1* payable by the State Treasurer, Sprlugfield.
T A X —State and oounty tax was in 1890 $9-60.
P O P U L A T IO N in 1890 was 14,935; in 1880 was 12,861.
E A S T O A K L A N D . — This township Is In Coles County.
The bond* are registered with the State Auditor.
LOANS8T*en Due. I Bonded debt Oct. 1. 1892. $75,000 H A N C O C K C O U N T Y . — County seat is Carthage.
R w le o a d A id B onds —
Population In 1890 was.........2,243
LO A N S —
When Due. Tax valuation, real......$6,615,467
10*. Msr. 1, $73.000___ past doe |Population in 18o0 was....... 2,088
Rockf' d & R. I. RR. (renewal)
Tax valuation, person’l 1,637,023
5*...........$80,000.........vJ illy, 1893 Total valuatiou 1892... 8,252,490
IN T E R E S T I* payable by the State Treasurer, .Sprlugfield.
($10,000 flue yearly) to July, 1900 Assessment is 33 p. c actual value.
Int. and priu. payable at Chicago.
Population in 1890 was___ 31,907
E A S T
S T . L O U I S . — P h i l i p W o l f , T r e a s u r e r . Total debt Feb. 1, 1893... .$30,000 Population in 1880 was
35,337
Ea*t St, Loul* U In St. Clair County.
On tiept. 1.1963. the city issued f 650,000 refunding *bonds in settle
5 THOMAS 8. KNO LE 8, Mayor.
ment with It* creditors. *' The*e bond* are all the indebtedness the city J A C K S O N V I L L E . - - I ANDREW RUSSEL, Treasurer.
fcw or can contract for a number of years. * ' * ' * They are
This city is in Morgan County.
registered In the State Auditor’s O.fioe at Springfield, 1 1 and the Inter
1 .,
LOANS—
When Due. Tax valuation, real......$2,236,176
Tax valuation, person’l.
665,216
F unding B onds—
act and principal are collected by the State, and by the State paid to
5s, J&J, $99,000...Apr. 27,1905 Total valuation 1892...*2,901,392
the coupon or bondholders.
4 M , J&J, 155,500...July 1, 1909 Total tax (per $1,000)........$51*90
js
LOANS—
— Intercet.— * ---------- P rin cip a l.-------- 8ubje<*t to call July 1, 1899 Population in 1890 was......12,935
NAME and PURPOSE.
/ Ot. Payable. When Due. Outetand’a. Total debt Dec. 15, 1892.$254,500 Population in 1880 w a f___ 10,927
*.
Refunding bond*. 1693.......
5
Sept. 1 Sept. 1, 1908
$650,000
* i he valuation for 1892 as given above was subsequently reduoed
IN T E R E S T I* payable by the State Treasurer at Springfield and by
by the Board of Equalization to $1,857,773.
the American Exchange National Bank of New York City.
The bonds are registered with the State Treasurer.
T O T A L D EBT, E T C .—The total bonded debt on November 1,1892,
IN T E R E S T is payable at State Treasury, 8prlngfleld, and in New
wae #650,000.
ASSESSED V A L U A T IO N .—In 1S91 the assess d valuation of real York City.
eatate waa #2.117,370: of peraonal property, $2,030,798; total, $4,143,168; total tax rate (per $1,000), $51*60, including Mate tax $3*30, J A S P E R
C O U N T Y . — County seat is Newton, The
•onnty tax $3*40. city tax #27*90 and average school tax $17*00.
bonds described below are registered with the State Auditor.
Property i* a«M »M at about 18 per cent of it* actual value.
M *4l
When Due.
R a ilr o ad B onds—
LO ANSF unding Bonds—
10s, annual, $20,000...... Past due.
P O P U L A T IO N .—The population in 1890 wae 15,169; in 1880,9,185.
5s, Oct. 1, $60,000......Oct. 1, 1893 Bonded debt Oct. 1,1892 $80,000
(Part due yearly) to Oct. 1, 1907 Equalized valuat’ n 1892.1,595,238
E L M W O O D . — This township 1 In Peoria County. The
m
Population iu 1890 was..
18,188
IN T E R E S T is payable by the State Treasurer, Springfield.
bond** described are registered with the State Auditor.
LO ANS—
ITArn Due. I Bouded debt Oct. 1. 1892.$110,000
F> m;, > . Bo r> —
n
I Population in 1690 was........2,451
C O U N T Y . — County seat is Mount
5a, J&J, # * iV » 0 ..... July 1. l'.w>9 Population in I860 wae....... 1,357 J E F F E R S O N
Vernon. The bonds described are registered with the State Auditor.
5a, J.tJ, 30.000....... July 1. 1892
(Part payment*) to July 1 ,-------|
LO ANS—
When Due. I Bonded debt Oct. 1,1892 $84,000
F unding Bonds —
| Equaliz’d valuat’ n, 1892.2,443,057
IN T E R E S T Is payable by the State Treasurer, Springfield.
5s, J&J, $3 1,000.........July 1, 1893 I Population iu 1390 was..
22,590
*
--------(Part payments) to July 1, 1907 |Population in 1880 was..
20,686
F O R D
C O U N T Y . — County seat la Paxton. The bonds
IN T E R E S T is payable by the State Treasurer, Springfield.
deaerlbod are registered with the State Auditor,
t LOANS—
!f%** Due. I Bonded debt Oct. 1, ’92. $123,000
• Bond #—
i. i milled raln tfn '1)2, 3*343,604 L A S A L L E C O .—W. J. D o w e l l , Treasurer.
>>). ...July 1. 1893 , Population In 1890 was......17
County seat is Ottawa.
(Part due yearly) to July 1, 1906 |Population in 1880 waa..... 15,099
LO A N S —
When Due. Tax valuation 1891.. .$17,000,000
IN T E R E S T i* payable by the State Treasurer, Springfield.
tf-ssessment about *4 actual value.
Co u r t H ouse B onds
e s , J&J, $60,000 ...July 1, 1892 State tax (per $1,000)........... $3*20
($15,000 y ea rly )...to July 1, 1895 County tax (per $1,000)....... 5*20
F R A N K L I N
C O . — clonoty scat is Benton.
Interest is payable in New York. Population iu 1890 was...... 80,798
The bon.I. below described are registered with the State Auditor^ Total debt Jau. 1 1892 ... .$60,000 Population in 1880 w a s ___70,403
Balt* have been Instituted In the United States Court against tills
county os Interest coupons. T he claims amount to $105,000.
L O G A N C O .— A d o lph R im e r m a n , Treasurer.
LOANS—
.— Interest.— .---------- Principal.---------County seat is Lincoln.
NAME AND Pu8POSE.
J CL Payable. When Due.
*.
Outstand’g.
LO AN S—
When Due. Tax valuation 1892 abt.$7,300,000
Belleville A Eldorado R.R____ 8
J * J Nov. 13. 1897 $149,000
Assessment abt. k) actual value.
COUNTV BOND8—
IN T E R E S T .—Payable by the State Treasurer, Springfield.
5 a ,.... $50,000...............
1907 State tax (per $1,000)......... $3*10
Count / tax (per $1,000)---- 5*00
E Q U A L IZE D V A L U A T IO N 11 1892 wa»$!,261,143.
1
(Subject to call at any time.)
P O P U L A T IO N .—The population In 1890 was 17,138; In 1880 was Total debt Feb. 1,1893... $50,000 Population in 1890 was----25,489
16,129.
F R E E P O R T . — ! ,, K< I.
vv.A<iRAHAM, Treasurer.
Freeport i* in Stephenson County.
LO A N S —
When Due. Tax valuation, real,— $l,226,2o0
Tax valuation, personal 479,994
ClTT
3*9*. J tJ . $*2,500 ...Jan. 12, 1894 Total valuation 189*2... 1,706,244
«
4 V , P A A .62,000 ..Aug. 2,1910 A wMMiiicnt !■ *6 actual value.
Int. pavabl* at City Clerk’* office. City tax (per $ 1,000) .......... $20*00
Total debt Jan. 17, 1893. $04,500 Population in 1690 was......10,189
M A C O N C O . — H. C. M o n t g o m e r y , Treasurer.
County scat is Decatur.
w the State Auditor.
ith
LOANS—
The bonds described below are registered
• Interest.— . .--------- Principal.------- ->
—
P. Ct. Payable. When Due.
Outstand’g
........
1900tol911
$80,000
Court House bonds, 1893....... 5
(7,noo payable 1900 and 1901; then $6,000 yearly thereafter.)
Railroad aid............................ 8
July 1 Sept.25,1893
1,000
Refunding............................. 6
J& J
Oct. l , ’93-'99
89,000
NAME OR PURPOSE.
94
STATE mm CITY SUff i£M£flT.
IN T E R E S T Is payable at tile State Treasury.
T O T A L BO ND ED D E B T on Nov. 1,1892, was $90,000.
E Q U A L IZ E D V A L U A T IO N in 1892 was $9,399,489.
P O P U L A T IO N in 1880 was 38,083; in 1880, 30,665.
M A C O U P I N C O .— A . F r e t , County Treasurer.
County seat is Carlinville.
with the State Auditor.
LOAN0
The bonds below described are registered
Vol. L V I.
M O R G A N C O U N T Y .—
County seat In JocknonvUle.
Tho bonds below described are registered with the State Auditor.
BO ND S—
< Interest.— . ,---------- Prin cip a l,---------.
—
NAME AND PURPOSE.
P. Ct, Payable. W en D e. O IstantVg
h
Refunding R. R. bauds 1887.. 4
June 15 June 15, 1907* $100,000
*Subjeot to call after June 15, 1897.
IN T E R E S T on bonds is payable at State Treasury, 8pringfleld.
T O T A L BO ND ED D E B T November 1, 1892, was $100,JOO
E Q U A LIZ E D V A L U A T IO N in 1892 was $8,306,1.86.
P O P U L A T IO N In 1890 was 32,636 ; in 1880 was 31,514.
— Interest.— , ,--------- Prin cipal.--------P. HI* Payable. When Due. Cutsland’g.
5*nd’g CL-House bonds, 1890. 6
July 1, July 1,1898* $1,089,325
Subject to oaU after July 1 In any year.
M O U L T R I E C O U N T Y . - -C tyse t1 B lliv j,.
oun a s e a
IN T E R E S T is payable at the American Exchange National Bank.
The bonds below described are reglsteredwlth the State Auditor.
New York City, and at the State Treasury, Spriugtleld.
BONDS—
-— Inter si.— , ,---------- Prin cipal,--------T O T A L BO ND ED D E B T on January 1,1893, was $1,089,325.
NAME OR PURPOSE.
P. Ct. Payable. When D e O Island’s.
E Q U A L IZ E D V A L U A T IO N in 1892 was $9,618,538, property be Funding, 1882......................... 5
J u ly l
July 1,1902* $233,000
ing assessed at about one-fifth actual value.
* Subjeot to call after July 1, 1892.
P O P U L A T IO N in 1890 was 40,380; in 1880, 37,692.
IN T E R E S T is payable at 8tate Treasury, Springfield.
T O T A L BO ND ED D E B T Nov. 1,1892, was $233,000.
E Q U A L IZ E D V A L U A T IO N in 1892 waa
$2,957,545.
M A D I S O N C O .— G eo K a l b f l e i s c h , Treasurer.
P O P U L A T IO N In 1890 w 14,481; In 1880,13,690.
as
County seat is Edwardsville.
Valuation,
LOANS—
When Due.
N O R T H C H I C A G O . — (S ee Ch ic a g o .)
T ax valuation R R ....... $1,804,265
County Bonds 1877—
Total valuation 1892... 12,002,229
6s, J&D ,$100,000...June 10,1893
($20,000 due y’rly) to June 10,'97) Assessment ab ou t14 actual value.
Interest is payable in Edwardsville State tax (per $1.000)........... $3*10 O G L E C O U N T Y . — C h a s . C. T y l e r , Treasurer.
Total debt Jan. 1, 1893. $100,000 County tax (per $1,000)...... $7 00
County seat is Oregon.
Tax valuation, re a l...... $8,204,303 Population in 1890 w a s ___ 51,535
LO AN S—
When Due. T ax valuation, pers’l . . .$L,868,643
T ax valuation, personal 1,993,661 Population in 1880 w a s ___ 50,126
Co u r t H ouse B onds —
Total valuation 1891_ 7,355,473
5b, J&D, $60,000....... Deo. 1, 1893 Assessment about *3 actual value.
Tlie ($10,000 ilueyearly) to Dee.I, 1898 "fate tax (per $ l .OOo).......... $3*10
M A S O N C O U N T Y . — County seat is Havana.
Interest payable at Chicago.
County ta x (per $ l,o o 0 )..... 6‘60
bonds described are registered with tlie State Auditor.
Total debt Feb. 1, 1893.. $60,000 Population in 1890 was...... 28,710
When Due. 10s, UVJ, *89,000............. varions T ax valuation, real....... 5,480,832 Population in 1880 was......29,937
LO AN SBonded debt <>ot. 1,1892. $123,350
F uniung bonds—
7s, July 1. *12,350... -July 1,1901 Equalized valuation’ 92..3,396,008
Population in 1890 wa*-......16,067 O H I O . — This township is in Bureau County. The b n s are
Subject to call at any time.
od
Railroad A d Bo ds—
Population in 18bO was. .. 16,242
registered with the State Auditor.
10s, July 1, $22,000...
past due
LOANS—
When Due. I R a il r o a d A id B onds—
IN T E R E S T ie payable by the State Treasurer, Springfield.
F u nd ing B onds —
|10s. Jan. 1, $2,4(H)—
Past due.
6a, Aug. 8, $o7,0u0...Aug. 8, 1901 | Bon led debt Oct. 1. 1892..$59,400
I Population in 1890 w a-*...... 1,197
M A S O N A N D T A Z E W E L L (Special Drain IN T E R E S T is payable b y the State Treasurer, Springfield,
age District?).—D. G o r e , Auditor.
The bonds described below are registered with the State Auditor.
O S W E G O . — This township is in Kendall County. The bonds
,— Inf erenf.— ,
—.---- P rin cipat.-----------describe 1are registered vvitli the State Auditor.
LO ANSP. Ct. Payuble.
When Due.
OuntaiuVg.
NAME AND PURPOSE.
LOANS—
When Due. I Bonded debt Oct. 1,1892.$50,000
R a il r o a d A id B onds —
Population in 1890 w a s ...... .........
[Drain, district bonds, 1885 7
J u ly 1
$80,000
10s, var., $50,000............ Various. |Population in 1880 was........ .........
July 1
Jan. 1, 1898
19,000
Do.
do.
1885--- . 7
IN T E R E S T
payable by tlie State Treasurer, Springfield.
1886....,. 7
July 1
Jail. 1, 1899-1900
54,000
Do.
do.
1886...... 7
July 1
Apr. 1. 1901
18,000
Do.
do.
T O T A L B O ND E D D E B T registered on Jan. 1,1893, was $171,000. O T T A W A . : This township is inL a Salle County. The bon&e
—
described are registeie l with the State Auditor.
LO A
When Due. Bonded debt Oct. 1,1892.$150,000
M A T T O O N .— This township is in Coles County. The bonds R ailroN S — id B onds—
Population in 1890 was........9,464
a dA
described are registered with the State Auditor.
10s, July 1, $150,000..
Various Population iu 1880 was....... 7,596
LO A N S —
When Due. Bond, d debt Oct. 1. 1892..$96,000
IN T E R E S T is payable by the State Treasurer, Springtield.
F unding B onds—
Population in 1890 w as... 7,790
6s, May 1, $50,000---past due Population in 1880 w as... 6,644
5s, July 1, 46,000....July 1,1911
P A N A . - J. R u b b e r , Mayor.
IN T E R E S T is payable by the State Treasurer, Springfield.
Pana is In Christian County. Tho bonds below described are rogin
lered with the State Auditor.
K R N , Mayor.
M A T T O O N . - j ™ ™ W.EH A R R IS , Treasurer.
LOANS—
.— Interest.— , .
--------- Prin cip a l.--------NAME AND PURPOSE.
P. C. Payable. When D e. O Island’s
This olty Is in Coles County.
Funding, 1885............ ............ 6
July 1 July 1, 1905
$102,00fi>
LOANS—
W/.en Due. Total valuation 1892.......$858,204
Subject to call after July 1,1890.
- Cit t Bon us
Assessment not to exceed i e actua1
36,00*
Do.
1887. .................... 6
July 1 July 1,1907
es, .... $15.000....... ........... , -----value.
Subject to call after July 1,1897.
6s, . .. . 20,000....... ............, 1895 State tax (per $1,000)......... $3-10
6s....... 25,000...................., 1900 County tax (per $1,000)___ 7-50
IN T E R E S T on bonds Is payable by State Treasurer, Springfield.
412s, .. 25,000........ ..... ..... ,1910 City tax (per $1,000).......... 18T0
P O P U L A T IO N in 1890 was 5,077 ; in 1880 was 3,009.
Total debt Feb. 1, 1893.. $85,000 Average school 1a x ............ 20’20
T a x valuation, real......... 615,016 Population in 1890 was....... 6,833
T a x valuation, personal. 223,188
P A R I S . — This township is in Edgar County. The bonds are
registered with the State Auditor.
Tywr-NT TXT "FT
5 P. H. WESSEL, Mayor.
When Due.
R ailro ad A id Bonds—
LO AN S1VILJ1_.1JLN t b . — l CIIAS. G. CARLSON, Clerk.
F ijnding B onds7s. Mar. 1, $50,000....
Past due.
Moline Is is Rock Island County. Of the 6 per cent water loan given 68, July 1, $21,000... .July 1,1897 Bended debt Oct. 1, 1892..$71,000
Population In 1890 was....... 6,260
in the bond table $25,000 is subject to call at option of the city.
IN T E R E S T is payable by the State Treasurer, Springfield.
When Due.
LOANS
W a t . Wks . & E lec. L ’l^-Cont.—
Bridge B onds—
5s, MAS, $2,500....Sept. 1, 1896
5s, J&J, $8.000...... July 15,1893 Totai debt Jan. 1,1893.
$69,500
($1,000 due y’rly) to July 15, 1900 Tax valuation, real...... 1,544,080 P E K I N . — T h o s . C o o p e r , Mayor.
Bs, MAN, $3,000....Nov. 1,1906 Tax valuation, pers’nal.
585,874
Pekin is in Tazewell County. The funding bonds due In 1905 ant
Water Works—
Total valuation 1892... 2,129,954 1907 are registered with the State Auditor.
6s, M&8, $50,000... .Sept. 1,1903
Assessment is r4 actual value.
W ater Wks. a n d E leu. L ight — Population in 1890 was___12,000
LOANS—
When D ic. I 5s, July 1, $28,000.. .Feb. 1, 190T
5s ,M & 8, $6.000... Sept. 1, 1893 Population In 1880 was___ 7,800
F u nding B onds —
subj. to call after Feb. 1, 189T
6s, July 1, $75, >01...July 1, 1914 5s, July 1, $25,000. ..Fob. 1, 190T
($2,000 due y’rly) to Sept. 1, 1895
subj. to call after July 1, 18911
subj. to oall after Feb. 1, 1897
O P T IO N A L —$25,000 of the water works bonds are subject to call
IN T E R E S T on registered bonds is payable at State Treasury,
at the option of the city.
IN T E R E S T on the $8,000 bridge bonds and the w ater works and Springfield.
T O T A L D E B T Nov. 1,1892, was $128,500.
electric light bonds is payable in Moline; on the other bonds In New
ASSESSED V A L U A T IO N .—The total assessed valuation in 1890
York eity.
was $865,126. T ax rate (per $1,000) $46'90.
P O P U L A T IO N .—The population in 1890 was 6,347; In 1880 wa*
M O N R O E C O U N T Y . — H u g h M u r p h y , Tima?. 5,993.
Connty seat Is Waterloo. Tho bonds below described are registered
with the State Auditor.
P F O R T A __ s JO H N W A R N E R , Mayor.
{H E N R Y D E T W E ILLE R , Treas,
LOANS—
-— Interest.— . ,
--------- P rin cip a l,--------NAME AND PURPOSE.
P. Ct. Payable. W enDue. O
h
-Island’y Peoria is in Peoria County.
.
Cairo & St. Louis R. R ............ 8
June 25 June 25,1893 $100,000
LO AN S—
Wlien D t. 4LJS, M&N, $8,000..M ay 1, 190*
B o u 'TY B onds—
413s, J&D, 10,500-.June 1, 1910
IN T E R E S T is payable at State Treasury, Springtield.
Jigs, M&8, $21,<>OO..Mch. 1, 1902 4s, M&S, 39,000..Sept. 1, 1907
T O T A L BO ND ED DEB on Dec. 1 , 1892, was $100,000.
4 i 3h, M&S, 21,000..Mch. 1, 1903
W a t e r w o r k s B o ds—
P eokia & R ock. I s. RR. B onds- 7s, M&N, $50,000..May 15, 1890
E Q U A L IZE D V A L U A T IO N in 1892 o f real estate was $1,969,154.
4128, J&J, $100,000. .July 1, 1908 5s, M&N, 50,000.. May 15,1901
personal property, $578,373; total, $2,547,527; State tax (per $1,000)!
School B o ds—
4HiS, J&D, 195,000..June 1, 190#
$3-10; county ta x (per $1,000), $6-00. Property is assessed at 13 o f its 7s, J&D, $20.000..June 1. 1898
actual value.
IN T E R E S T —W H E R E P A Y A B L E —Interest on tlie bonds is pay
P O P U L A T IO N in 1890 w a« 12,948; in 1880 was 13,682.
able in New York at Merchants’ Exchange National Bank.
NAME AND PURPOSE.
April, 1893
ILtlflOIS— CITIES AIM) TOWNS,
95
T O T A L D EBT, E T C .—The city's bonded debt on January 1, 1893. R I C H L A N D . — This township is in Shelby County, The
wan $010 300 «»f which $295,000 was water deb t; floating debt, $105,bonds described are registered with the State Auditor.
000; total debt. $619,50 *; State tax (per $1,090), $3*10; county tax,
B loomington & Oh io R iv . R R ~
LO A N P —
When Due.
$10; city tax. $26*64*; average school tax. $16*60; total, $56*30. In
F unding B onds —
10s, J an. 1. $40,000....... past due.
1889 the city’ s water works were sold to the Peoria Water Company 6^, July 1, $75,000.. .July 1,1895 Bonded debt Oct. 1, 1892.$ 115,000
(?)
(part payments) to ---Population in 1890 was....... 1/241
on the agreement that they should be enlarged aud improved. The
IN TER E S T is payable by the State Treasurer, Springfield.
city retain> the right to re-purchase the property after a certain
time, and on January 1, 1891, held $450,000 securities against the outUanding water debt.
R I C H L A N D C O U N T Y . — County seat is Olney. The
ASSESSED V A L U A T IO N .- In 1892 the assessed valuation o f real ! bonds described below are registered with the State Auditor.
estate was $7,090,750; o f personal property, $1,930,090; total,
LO A N S —
- Interest.— . ,---------I*rineipal,--------v
—
n a m e AND PURPOSE*
P . Ct. Payable. When I ) e. OotstanxPg.
$9.0*26,840. Property is assessed at one-third its aet.ial value.
Refunding bonds.................... 6
July 1 Jan. 1, 1904* $150,000
P O P U L A T IO N .—The population In 1890 was 41,024; in 1880
*8ubject to call at any time.
was 29,259.
IN T E R E S T is payable by State Treasurer, Springfield.
T O T A L BONDED D E BT Nov. 1,1892, $150,000.
P E O R I A C O U N T Y . — C h t as . J a e g e r . T r e a s .
This county, by paviug off its bonds as they matnred, lias reduced its 1 E Q U A LIZE D V A L U A T IO N in 1892 was $1,818,701.
P O P U L A T IO N in 1890 was 15,019; in 1880 was 15,545.
debt to small proportions. The county seat is Peoria.
LO A N S "
'— Interest.— * --------- Principal.--------HAWS AND PURPOSE.
P. Cl. Payable. When U e. O •Island'y.
Court House bond* ....... .
7
July l
July 1, 1893
$25,000
Alma Bouse bonds
...... 4*9 July 1 July 2, 1903
*10,000
IN T E R E S T
payable in New York City.
T O T A L B O N D E D D E B T June 1,1891, was $65,000; floating debt,
$35,000.
E Q U ALIZED V A L U A T IO N in 1892 was $16,570,920; 8tate and
aounty tax (per $1,000) in 1891, $13*60.
P O P U L A T IO N la 1890 t u 70.373; In 1890.55,359.
H N Y N. STARR, Mayor.
R O C K F O R D . — |J. ED. RW ATERM AN, Treas.
Rockford is in Winnebago County.
LOANS—
When Due. 4 ^ 8 ,....... $27.700.. July 1,1905
City Bonds —
4*28.......... 36,*200.. June 1,1906
8s. $6,000....
7,1893-4 4Ljs, MAS, 43,900..Mar. 1,1907
8s,
4,000.... — June 1.1895
4 igs,....... 17,000.. Aug. 20, 1907
2 ,0 0 0 ... ___Apr. 1, 1893-4 4s............
7s,
9 400..Sep. 16,1898
1
Interest payable by City Treasurer.
7s. 15,000 ... ----V ay 4,1893
Total debt Jan. 1,1893.. $298,100
(*2,500diiey'rly)to May 4,1898
Water debt (iucluded)... 119,600
Os. $2,500___ ___July 1,1893
Tax valuation, real....... 4,425,445
5>
*
28. 9 .0 0 0 ... ... Apr. 26, 1896
P E R R Y C O U N T Y . - -County seat is Plnckneyville, j 5f», 16,300.... ..... July 20, 1893-4 Tax valuation, personal. 1,769,479
5s. 20.000___ ___Sep. 15, 1894-5 Total valuation 1892___ 6,194,924
The bonds below described are registered with the Htate Auditor.
5s,
9 ,5 0 0 ... ___Aug. 1,1897
Assessment *4 to i 5 actual value.
LO ANS— Intrrrxt.— ,-------------- Princijutl.-----------State tax (per $1,000)...........$3*10
ts, 10,000___ ----Aug. 1.1899
name AND PURPOSE.
P. Cl. Payable.
When D .e.
O tstamTg.
Comity tax (per $ l ,000)....... 7*85
5s, 14,000... ----July 1.1900
City tax (per $1,000).............19*17
Railroad aid trnrnU ......... 7
J & J!
‘
($100,000! 5s. 13,000___ ___Nov. 1,1901
Average school t:ix............... *23*80
5s, 12,000.... ___Nov. 1,1902
do
do
........
..
Jim 1
.......
97,000 ; 5m 10,000........ Nov. 1,1903
Population in 1890 was..... 23,584
,
5e. 20,600......... June 1, 1903-4 Population iu 1880 was...... 13,129
IN T E R E S T I* payable by State Treasurer, Springfield, 1 1
1.
D E B T L IM IT A T IO N .—No debt can be created to exceed 5 percent
T O T A L B O N D E D D E B T >ov. 1,189:1. » » « *197,000.
o f tho assessed valuation.
E Q U ALIZED V A L U A T IO N la 1891 wu* *-.1.086.530.
P O P U L A T IO N In 1890 wa» 17,529; la 1880 wo* 10,007.
R O C K I S L A N D . - - ^ A M tcM
S
iO
=
, Mayor.
P I K E C O U N T Y . —C n s a 1 P
mity e t * ltrrfle . T e b n . Rock Island is in Rock Island County.
ld h o d
below detu-nbed are urgluteml with tbe State Auditor.
LO A NS—
'— Interest.— * ---------P rin cip a l.-------- x
LO ANS— Interest.—■ .--------- /Principal,--------- i name AND PURPOSE.
»
P. Ct. Payable. When D e. OntstamVg.
NAME AND P J tPDSE.
P. CL Payable. When b a t. O txtand'g. i Funding bnndM........................ 6
M «fc 8 Sept. 1, 1897 $170,000
Funding bend*........................ 7
July 1 July 1. *93-’99
$102,000
....... 5
F *fc A Feb. 1, 1902
25,000
IN TE R E ST is pay aide by State Treasurer, Bpriutrltald.
IN T E R E S T on bonds is payable in New York at the First National
T O T A L BO ND ED D E B T on Nov. 1, 1892. was $102,000.
Bank and on water 5s at the office of Winslow. Lanier & Co.
E Q U A LIZ E D V A L U A T IO N in 1892 was $6,684,447.
T O T A L BO NDED D E B T o » Jan. 1,1893, was $195,000; water debt
included in total debt, $25,000. The sinking fund receives $5,000
P O P U L A T IO N la 1890 was 31,000; In 1880 w a s 33.751.
yearly. The city's debt is limited by the general corporation law of the
P O N T I A C . —T h i. township is in Livingston County. The j State to 5 per cent of the assessed valuation.
bonds below described are registered with the Ftule Auditor.
ASSESSED V A L U A T IO N In 1892 of real estate was $1,658,605;
L O A 8—
When b u r. |5s, July 1, $48,000. July 1/93-1903 | personal property, $728, >81; total, $2,387,186; State tax (per $1,000),
FT*i>i*<i Bond *—
1Bonded debt Oet. 1,1892...$64,000
$3*10; county tax. $10*50; city tax, $30; average school tax, $33;
«•, July 15^16,000 July 15,1893-9 ! Population in 1890 was....... 4,066
total, $76*60. In 1891 real estate was $1,417,201; personal property,
IN TE R E ST u pay* ble by the Htate Treasurer, Springfield.
$708,174; total, $2,125,375; tax rate (per $1,000), $66*60. this in
cluding
$3*30;
P U L A S K I C O U N T Y . — County seat is Mound City. $52*80. State tax,valuationcounty tax, $10*50, and city t^x proper,
Assessed
is about one-third of actual value.
m bond, dwertbed are registered with the State Auditor.
P O P U L A T IO N .—The population in 1890 wae 13,634; in 1880
Whtn Due. Bonded debt Oct. 1,1892. *98,100
LOANSr.quallzed valunllou 1892 839,540 was 11,659. School census 1891,15,211.
rtrau mu Bossr*—
___ 11,355
ft*. Jan. 1. *58,100
May 1, 1900 Population In 1890
Population 11 1880 wae—
1
9,507
Canto A ViMCKKXEa KR—
S A L I N E C O U N T Y . — County seat is Harrisburg. The
9,. JAJ, *29.000............ paatdne |
bonds are all registered with the State Auditor. Sixty-seven thousand
IN T E R E S T l» payable by the State Treaaurer, Springfield
dollars of the $95,000 Cairo A Vincennes RR. bonds which were due
m
Ilh J P V
5J o h n ”■ MIKESEf-L, Mayor.
Oct. 1 1892, are in litigation. .
U U 1 IN to- I .— \ w. P. MOOKK, Comptroller.
LOANS—
'— Interest.— * /
----------Principal.--------- *
Quiocy la la Adam* County.
NAME AND PURPOSEP. Cl. Payable. When D »e . OutstantTg.
hREKl'MUNU BONDS—
LOANSIThea Due.
Cairo & Vincennes R. B .......... 8 J & J Oct. 8, 1892 $ 95,000
5s, Sep. 1, *35.too.Sept. 1, 1902 Funding bonds 1885............... 6 July 1 July 1, 1905* 100,000
«F«rjrt»t*o Bntroa—
«». July 1. * 16.non .July 1, 1890 4>j». July 1, 130,000.July 1, 1908
•Subject to call.
4*9*. July 1, 184.000 July 1. 1908
0", July 1, 20,18*1 July l, 1897
INTE R E ST i« payable by 8tatc Treasurer, Springfield.
0., July 1, 351,000. July 1, 1898 4 t,s. July 1, ri.j.OOO.JlUy 1, 1893
T O T A L BONDED D E BT Jan. 1, 1893, was $195,000.
8*. July 1, 33.000 July 1. 1899 4>gs. Julyl, 73.000.Jnly 1, 1894
1*23,000 due y'rly) to July 1, 189(1
tlfiw . A M Rtv. A. U K R >>.
E Q U A LIZE D V A L U A T IO N in 1892 was $1,548,888.
l>4«, Ju iyl, 11.5.000. July 1, 1910
8a, JAJ. 982,500..... Jan. I, 1900
P O P U L A T IO N in 1890 was 19,342; in 1880 was 15,940.
8*. JAJ, 37..'8*I ... July 1, 1900 4s, Jttly 1, 213,000.July 1, l u l l
ait. M. A P. R. R. R * | » * —
|
<4 jn ly 1, *2VMX"> July 1. 1897 |
»,
S A N G A M O N C O .— H e n r y K l a h o l t , Treas.
a *1,000 each: **li*>, *300 and * 1.000 eneh; e*300eneh.
I County seat is Springfield.
IN T E R E S T —W H E R E P A Y A B L E .—Intereet on all bonds registered
Total debt Jan. 1,1893...*167,000
LOANS
with the StateTreitanrer (l. r. on alt U.ues excepting the Miss. A Mo. ! R.uuio wi— onds — When Due.
Interest Is payable iu Springfield.
B
Rlr. r .Vlr Line bonds. Is paid either at tbe State Treasury In Spring
Ds, arm.. *167,000..*15,000 yearly Population in 1890 was...... 61,195
Held or at t O' American Exchange National Bank of New York. Inter
e*t on the M<**, A M»». Hirer A ir Line bond* I* payable at tile National S C H U Y L E R C O U N T Y . — Conn ty seat Is Rushy ille.
Bank of Commerer. New York City.
Tbe bonds described are registered with the State Auditor.
T O T A L D E B T , SINK ING FU N D S, ETC.—The subjoined state- j
Bonded debt Oct. 1,1892 $70,000
LOANSw!lfn Due- Equaliz'd valuat’n, 1892.2,348,806
rn*»nl u o v * Quincy** total municipal debt aud the sinking fund held j FUSDIKO BOXPS—
a
5s, JAJ, *70,000.......July 1,1893 Population in 1890 was.. 16,013
again*ft the.
on tho first o f May o f each o f the last three years.
(Part due yearly) to Jnly 1, 1908 Population in 1880 was.. 16,249
1001
I89L
1890.
IN TE R E ST is payable by the State Treasurer, Springfield.
Total funded debt................... $1,615,000
$1,640,700
$1,678, 400
ilSteflnli......... ...
:{ - t >
7< ;
,H
Net debt.................. ............. $1,615,Ovm
)
$1,641,iuO S H A W N E E T O W N . — This city is in Gallatin County.
Tbe bonds are registered with tbe State Auditor.
A -inking fun ! o f $43,0001* now in process o f collection, so that tiie
I OAIM^—
When Due.
R ailroad A id Bonds—
net d«r»t next year wiU Iw but $1,541,*00.
F dni.ino Bonds8s, J&J. *25,000............. past due
OB Sfar 1,1861 the total debt wa* $1,022,631 and it has been
6s J&J *50,000....... July 1, 1901 Bonded debt Oet. 1,1892..*75,000
reduced from that amount to th present figure.
*>
Subject to call at any time.
Population 1890 (precinct).. 1,570
ASSESSED V A L U A T IO N . - ’Hie city's asseseed valuation (" abont j
INTE R E ST is payable by tbe State Treasurer, Springfield.
20 per cent o f actual value j and tax rate nave t»een as follows:
Yearn
Hml fSstate
Per. Properly. Total A ms. Yul. Tax Rate
S P R I N G F I E L D . —J. B. F o s s e l m a n , Comptrol’r.
1M S ............*3,40
*1,235.3 l*.
*4,040.307
#■«•«<>
1 * 9 0 .......... 3,076.151
1.403.505
4,879,956
6480
This city is in 8angamon County.
rn« valuation fnr 1h >2 dor* not Include the railroad ;u**b*snicnt of
s
All the 58 are Registered with the 8t.ate Auditor. No further indebt
*82,037. Tire total tax of *42 80 wa* made up of State tax. *.1-10; j edness o f any description will be incurred by this city until the valuation
oounty tax. *7 50,
tax. *I9'30. and city tax proper, *12 ,0.
exceeds $18,000,000, or the present debt is largely reduced by payment.
T H E P O P U L A T IO N Jo 1906 wo# 31,494; In 1880It urM 37,268.
I
STATE M B CITY SUffi£1vr£$T,
96
Whi tt Due. 59, Sept. 1, 155,800..Sept. 1, 1903
LO ANS58, Sept. 1,
3,100..Sept, 1, 1904
EBPOKDING—
Ss.JJrJ.
$ 14 ,500.. .Tan. 1, 1894 5a, Sept. 1,128,000..Sept. 1, 1905
' 1900 5s, Sept. 1, 75,000..Sept. 1, 1906
1901 5s, Sept. 1, 17,000..Sept. 1, 1907
1902
IN T E R E S T on tlio registered 5 per cent bonds 1 paid at the State
8
Treasury in Springfield, on the 8 per cents partly at the City Treasury
and partly at the American Exchange National Bank o f N ew York City.
T O T A L D E B T .—The city’s total debt on January 1, 1893, was
$913,850. The subjoined statement shows the total municipal debt on
the first o f March of eaoh o f the last throe years.
1892.
1891.
1890.
T o ta l funded debt ....... ........ ........$913,850
$913,850
$913,850
The sluicing fund reoeives yearly $5,000 commencing 1891 and con
tinuing three years.
ASSESSED V A L U A T IO N .—The oity’s equalized valuation (about
one-fifth cash value) and tax rate have been as follow s .
*
Years.
Real Estate.
Per. Property.
Total Ass. Yal.
Tax Rate.
$-1,331,560
$66*34
1892 '
... $ ..............
$..............
4,289,265
68*05
1 8 9 1 .2 ,9 9 8 ,8 1 7
1,270,448
4,624,453
58*05
1890 . L . . 3,269,984
1,354,469
4,671,742
..............
1889................................
4,334,781
1888..............................
..............
The tax rate in 1892 includes: State ta x (including interest on city’s
bonds) $15*42; county ta x $7*50; township tax, $1*60; and city tax
proper (Including school) $41*82; total $66*34 per $1,000.
P O P U L A T IO N -—In 1890 population was 24,963; In 1880 It was
19,743.
TAZE W E LL
C O U N T Y . — County seat is Pekin.
The bonds below described are registered with the State Auditor.
LO AN S
* Interest.— . ,---------- P rin cip a l.---------.
—
Mam p AMD PURPOSE
P* Of. Payable. When Due. O 'tstand’g.
Refunding RR. bonds............. 4
J u ly l
July 1,1910* $194,000
* But subject to call.
IN T E R E S T is payable by State Treasurer, Springfield.
T O T A L BO ND ED D E B T January 1,1893, was $194,000.
E Q U A L IZ E D V A L U A T IO N in 1892 was $7,746,631; in 1891,
$7,589,274; in 1890 $8,167,751.
P O P U L A T IO N in 1890 was 29,556; in 1880 was 29,666.
W A S H IN G T O N
C O . — County seat is Nashville. The
bonds below described are registered with the State Auditor.
LO AN S—
When Due. Total debt M ay 1,1892..$160,000
Equalized valuat’n ’92.$3,219,962
F u n d ing B onds —
6s, July 1,$150,000...Mar. 1,1894 Population in 1890 was......19,262
($10,000 due yearly)to Mar. 1,1908 Population in 1880 was......21,112
W A YN E
C O U N T Y . — A. L. W a l l , Treasurer.
County seat is Fairfield.
Auditor.
LOANS—
The bonds are registered with the State
* Interest.— , --------- P rin cip a l,--------- ,
—
NAME AND PURPOSE.
P. Cl. Payable. When Due. Outstand’g.
Refunding bonds..................... 7
J & J Past due.
$158,800
IN T E R E S T is payable at State Treasury, Springfield, 11
1.
T O T A L BO ND E D D E B T January 1,1893, was $158,800; floating
debt, $5,000; total debt, $163,800.
E Q U A L IZ E D V A L U A T IO N in 1892 was $2,688,310; State tax
(per $1,000), $3*10; county ta x (per $1,000), $7*50; average school tax
per $1,000), $8*75; total, $19*35 .Property is assessed at “ about 15 per
cent o f its actual value.”
P O P U L A T IO N in 1890 was 23,806; in 1880 was 21,291.
W H IT E
C O . — T h o s . J. M a t t h e w s , Treasurer.
County seat is Carmi.
The bonds are aU*registered w itb the State Auditor.
The Cairo & Vincennes Railroad 8 per cent bonds are in litigation;
they have been declared illegal by the Illinois Supreme Court, and the
bondholders have carried the case to the United States Supreme Court.
LOANS—
— Interest.— . ---------- P rin cip al.---------.
NAME AND PURPOSE.
P. Ot. Payable. When Due. OustancTg.
Cairo & Vincennes R R . . . . ...... 8
J & J Sept.-Dee., 1892 $99,500
.
Refunding................................ 6
J & J July 1,1905*
50,000
Do...................................... 6
J & J July 1. 1905t
100,000
Subject to call.
t Subject to call after July 1,1895.
IN T E R E S T is payable by State Treasurer.
T O T A L BO ND ED D E B T on January 1,1893, was $249,500.E Q U A L IZ E D V A L U A T IO N in 1892 of real estate was $1,727,260;
personal property, $669,100; railw ay property (real and personal)!
$423,773; total, $2,820,133; State tax (per $1,000), $3*10; county tax
(per $1,000), $7*50. Property is assessed at “ about 25 per sent o f its
actual value.”
P O P U L A T IO N in 1890 was 25,005; in 1880,23,087.
W IL L IA M S O N
lector.
C O . - J . A. M it c h e l l , Col
County seat is Marion.
The bonds below are registered with the State Auditor. The'outstanding bonds o f this county were to be refunded January 1,1892.
LOANS—
- Interest.— . ,----------P rin cip a l.---------,
—
NAME AND PURPOSE.
P. Ct. Payable. When Due. Oulstand'g.
Carb’ndale & Shawn’rtown R R 8
J & J ..................
$100,000
IN T E R E S T is payable by State Treasurer, Springfield;
T O T A L BO ND E D D E B T November 1,1892, was $100,000.
E Q U A L IZ E D V A L U A T IO N in 1892 was $1,925,201
P O P U L A T IO N in 1890 was 22,226; in 1880 was 19,324.
Yol. LYI
State of Michigan.
ITS
DEBT, RESOURCES,
E tc.
Organized as a Territory (A ct JaD. 11, 1805) - June 80, 1805
Admitted as a Si ate (A ct June 15, 1836)
Jan. 26, 1837
Total Area of State (square miles) 58,915
State Capital
................................ Lansing
Governor (term expires Dec. 31, 1894)
John T. Rich
Secretary o f State (term expires Dec. 31, 1894) J. W . Jochim
Treasurer (term expires Dec. 31, 1894) - Joseph F. Hambitzer
Legislature meets biennially in edd years tbe first Wednes
day in January, and there is no lim it to tbe length of sessions.
H IS T O R Y O F D E B T .—Michigan assumed Statehood at a very un
fortunate time. Unfortunate, w e say, because the environment at
birth had much to do with tixing the policy of the State. I t was Janu
ary 26,1837, when the act admitting Michigan was passed. "We hardly
need recall the speculative surroundings o f that period. One gets a
pretty good suggestion of what they were and what were the thoughts
uppermost In the minds of the framers o f the first Constitution of Mich
igan, when w e say that in that instrument debt-making was not only
not limited, but it was made “ the duty of the Legislature as soon as
u may be to make provision by law for ascertaining the proper objects
“ of improvement in relation to roads, canals and navigable waters.”
W ith such an injunction made a part o f the organic law, it is no
surprise to learn that among the very first acts o f the Legislature was
“ the appointment o f a board of commissioners o f internal improve.
u ments,” and an authorization March 2, 1837, for the survey and
construction of 557 miles o f railroad, 231 miles of canals, and the
Improvement o f 321 miles of river navigation, with the natural ad
denda of a loan of $5,000,000 to pay fo r these enterprises. The
reader can find all the details with respeGt to these matters and subso.
quent troubles and arrangements in H unt ’ s M erch ants ’ M ag azine .
(1850), Volume 22, pages 131 ta 145; but wo have not room for them
here. I t is enough to say in this place that though the plan pur
sued and methods used were unwise and extravagant, yet the State
having spent the hulk o f the money in building railroads, and having
sold them for about all they cost, worked through its difficulties
bravely and with credit, the financial condition in 1852 being described
by Governor McCleland as “ healthy and encouraging,” the funded
debt in November, 1852, having been reduced to $2,307,850, and the
bonds of the State selling above par. No v ery material changes oc
curred in the amount o f the debt during subsequent years until the
breaking out of our C ivil War, when it was increased by loans for war
purposes. In 1864 the State Treasurer reported the funded debt at
$3,880,399, and $1,450,472 additional “ Trust fund debt.” Since then
a ll o f the funded debt has been paid, the last o f it having been taken up
in 1890.
ASSESSED V A L U A T IO N .—Since 1856 the equalized valuation
has been determined only once in five years. The follow in g shows the
equalized valuation and tax rate for State purposes for every fifth year
since 1846.
Tear.
Assessed Veil. Tax Bate. Year.
Assessed Val. Tax Rate.
1891.. ..$1,130,000,000
$1*277 1866 ... .. $307,965,843
$1*889
... 945,450,000
1-272 1861...
1886 ..
2*697
1-411 1856 ... .. 137,663,009
18S1 .. ... 810,000.000
0-472
1876 .. ... 630,000.000
1144 1851... ..
30,976,270
3-421
1-201 1846 ... ..
1871 .. . .. 630,000,000
29,369,065
2-50
D E B T L IM IT A T IO N . —Miclilgan, as noted above in onr History of
h e State Debt, started its career as a State in January 1837, when the
whole land was buoyant over its inflated enterprises carried on at public
expense. So to be abreast with the times, instead of putting any limit
on the power o f the State to create debt, it put into its Constitution a
notice to the Legislature to go to work at once and make provision for
“ ascertaining the proper objects of improvement in relation to roads,
“ canals and navigable waters,” that the money might be raised and
these improvements might be prosecuted with as little delay as possible.
That was the spirit which ruled and the condition which prevailed in
1837. In 1850 Michigan made and adopted another Constitution. Durng the years which inte rvened the people had gained a wide experience
and had evidently profited by it. Hence w e find them at the latter date
showing a purpose to make an instrument in its financial features about
asdi88imilar from the one it was to supplant as it could w ell he. Nothing
will illustrate this change in spirit and purpose more clearly than the
follow ing limitations respecting the creation of State indebtedness
which were inserted. These sections are all found in article 14 o f the
1850 Constitution, which Constitution is still in force.
Sec tio n 3. The State may contract debts to meet deficits in revenue.
Such debts shall not in the aggregate at any one time exceed fifty
thousand dollars. The moneys so raised shall be applied to tlie pur
poses for which they were obtained or to the payment of the debts so
contracted.
Sec tio n 4. Tlie State may contract debts to repel invasion, suppress
insurrection or defend the State in time of war. The money arising
from the contracting o f such debts shall he applied to the purpose for
which it was raised or to pay such debts.
Section 6. The credit o f the State shall not be granted to or in aid of
any person, association or corporation.
Sectio n 7. No scrip, certificate, or other evidence of State indebted
ness shall be issued except for tlie redemption of stock previously
issued or for such debts as are expressly authorized in this Constitution.
Sec tio n 8. The State shall not subscribe to, or be interested in the
stock o f any company, association or corporation.
Sec tio n 9. The State shall not be a party to, or interested in, any work
o f iuterual improvement, nor engage in carrying on any such work ex
cept in the expenditure o f grants to tlie State o f land or other property.
The foregoing sections appear to cover every branch and phase of the
subject; and compared with the Constitution o f 1837 what a contrast
they afford I
April, 1893,
m ic w g m - citiss
Cities and villages, how ever, w ere le ft by the 1850 Instrument to the
diseretiou o f the Legislatu re to the m atter o f restrictions upon their bor
ro w in g pow er. The p rovision w hich relates to this subject is found in
A rtic le 15, Section 13, and is as fo llo w s :
S e c t io n 13.—1 he Legislature shall p r o v id e fo r the incorporation and
T
■- b
n tie s a n d v ll a
ud shall restrict th eir pow ers o f
i to >nej, unntractiug debts and loaning their credit.
I n the exercise o f the p o w e r gran ted b y this section the Legislature
has passed general law s g overn in g the incorporation, taxa tion and
bonding o f cities and villages. W ith regard to cities the ch ief provisions
w ith respect to ta xa tion and bond issues w ill bo found in the second
volu m e o f the 1 890 revision o f H o w ell’ s A n n otated Statutes o f M lehi
gan. I 'liapt..T 33 ,.su “ Finance and T a xa tio n ,” pages 629 t o 702, Sections
2 «yS to 2730. The « -n--ns w hich m ain ly co ver these points a re the
fo llo w in g —w e g iv e the substance not the w ords o f the section
T a x e ic .
‘ o > -unt they can be laid , are defined In Section
2697 to Section 2701.
fi}m towns.
97
missioner states that at th at tim e there w ere on ly 80 banks incorporated
and doing business under State la w and one tru st com pany, w hereas
now there are 136 banks (com m ercial and savings) and 3 trust com1
”
panics, h a vin g a ggrega te ca p ita l o f $10,944,409 and aggregate deposits
o f $ 6 3 , 1 11,/01, including the savings deposits. A gg reg a te resources
now are $81,213,426, against on ly $38,963,417 at the beginning
1889.
-1892.-1885.„
National.
State, t
National.
State.
M ic h ig a n .
(D e c . 9292.)
(Sept.30/92.)
(Dec. 24.)
(July^6.)
l*o. o f b a n k s .....
104
139
102
.$14,934,000 $10,944,409 $13,194,600 *$3,494,170
C ap ital........ .
Surplus & profits. 6,233,823
4,139,878
4 ,039,302
*1,131,183
Depos», In a ivid T . 42,509,084 $63,711,701
25,853,901 *18,357,108
* Taken from re p o rt o f U. S. C om ptroller o f the CuiTeney fo r 1885.
f I n the State banks are included savin gs banks and three trust
companies.
t O f this am ount $36,959,572 w ere savings deposits.
flection 2697 prov nb-.i that the m axim um am ount which the council
W ith reference to the savings deposits, these, as stated in the foot-note
tnay raise by general ta x fur a ll general purposes (excep t schools and to the fo re g o in g table, aggregated $36,959,572 Septem ber 30, 1892.
school house purposes am] except as oth erw ise provided below ) shall no
The num ber o f savings banks among which these deposits w ere distrib
exceed la any one y ea r—
uted is rep orted as 95, the num ber o f depositors 180,391 and the
I n ettles h a vin g a popu lation n ot o v e r 6 .0 0 0 ........
l i , per cent a vera g e
of
each deposit $205.
On
Septem ber 25, 1891,
I n cities la rger than •U K*! but u«>t over 9,000....................." i n , p e rcen t
In cities larger than u.ihXl but not o v e r 14,000
p e rcen t when the savin gs deposits amounted to $29,887,760, the num
ber o f savin gs banks or banks w ith savings departm ents w as rep orted
I n d u e * h a vin g more popu lation than 1 4 ,0 0 0 .......... '..'.'.'.'.'.2 p e rcen t
S e c t io n 8098 provides that the council m ay also raise In each street b y the B ank Commissioner as being 82 (there being then 121 State
organizations, altogether, including two^trust companies), and the num
district n ot exceedin g on© fourth o f one per cent.
Ssse-nos 3600 provides that In addition to above the council m ay ber o f depositors 150,326, g iv in g an average o f $199 fo r each account.
raise by special M e t —m ent In sew er and in special assessment districts
fo r im p ro v in g street- and constructing sewers (chargeable on lands In
C it ie s , C o u n t ie s a n d T o w n s
d istrict at.m rding to fron ta ge o r benefits) not exceedin g In one y e a r 5
p e r cent.
IN THE
8*<rm ix 37t>0 provides that a tax o f not more than tw o dollars per
y e a r m ay be lev ied upon each lo t o r prem ises drained b y a p rivate
sew er o r d ra in leadin g into a pnblie sew er o r drain.
S e c t io n 37*.'1 p rovid e- that the council m ay also raise, such further
*um, not exceedin g three m ill* on the d o lla r o f assessed valuation, as
m ay be necessary p i provide an Interest and sinking fund to pay funded
debt
L o a n s , I T I f i t allnteed a nd am ou n t iudietiled.
S ec f it i f 2. i *e* P r o v id e -th a t O " public w ork shall be contracted or
common, e.1 u n til a ta x shall have been levied to pay cost,
SrxT lpN 2,7 10 Instead o f le v y in g a ta x fo r w hole amount authorised
b y Mils act In a n y y e a r fo r the general and stree t d istrict funds, the
eonacU m a y raise part b y ta x and part by loan —the a gg reg a te o f both
not exceed in g am ount fo r which ta x m ight h ave been levied to the year.
SECTION 2,711. Council also authorized to raise m oneys b y loan In
an ticip a tio n o f receipts from special assessments.
F r e n i > ' 2,712. If any greater amotmt Is required for erecting public
>
I buildings, or for purchase o f ground for same, or for other public improv
o r purpom-^ than can t»c miacd by the council
tinder the faregdtn# proviMcm*, such amount may be raised by
tax or hmn or partly by tax and partly by loan i f authorised by a ma~
##r*% % :4 o f
‘> r
etdNrtar# voting -upon the qweation at an annual city
«l#ctfom,. T h e aiuouot that m ay be m ralaed in any year* shall n ot ex
eccd t v v p m cent o f wmme& valuation,
S T A T E
A L B IO N . —
O F
P.
M IC H IG A N .
Mayor.
E.
R o bertson.
A lb io n Is in Calhoun County.
T o ta l debt (latest retu rns).$77,000 j T a x valu ation 1880 (estiN . » float in g debt i n 167)0.
m a ted )........................... $660,000
| Population in 1890 w a s...... 3,763
B A TTLE CREEK.
This city is In C ullioaii County.
TTAeii Due.
LO AN SR
a il r o a d
A m
B onds—
8s. F 1 5 A A ,$.'7 ,0 0 0 ,Feb. 15, 1894
($9,000due y ’r lv ) to Feb. 15, 1896
5 J. S. COX, Mayor,
(S . H . C O R W IN , Treasurer.
Sewer Bonds—
5s. M A X , $10,000...... M a y 1, 1907
Water Works B onus—
H as, F A A , $100,000.Sept. 1,1896
($10,000 due y 'ly ) to Sept. 1, 1905
IN T E R E S T —W H E R E P A Y A B L E .—In terest on w ater bonds 1»
payable in D e tro it; on railroad aid and sew er bonds in N e w Y ork.
T O T A L D E B T , E t c .—'T he total funded debt on Feb. i , 1893, was
-$140,000, o f which $100,000 w as w a ter debt,
A S S E S S E D V A L U A T I O N .—In 1892 real estate $3,492,805; persomil prop erty $885,370; tota l, $4,378,175. P r o p e r ty Is assessed at
about *# o f its actual -value. T a x ra te (per $1,000) $29-90, tliis includ
ing State ta x $2'00, county ta x $2-60, school t a x $10-30; city tax
p rop er $15-00.
P O P U L A T I O N —Th e popu lation in 1890 w as 13,197; in .880 was
7,063. Popu lation In 1893 Is estim ated a t 15,000.
2,7i3 » The prw|M>«itloii.to raiM*Atieh additional amount mtistbe
•tibrnltt**d by an ordtnance dJatinctly stating the jm rjioae o f propiHofi
th e amoitut ptoj>oeedt and whether to bo raised by tax or
Jackscw ,
tot® , .Such ordin ance ehalt bo pwMwjtf, published in one newspaper
B ay City Is to B a y County. The debt w as p rin cip a lly inourred fo r
o f city , and m p im potted in five most public pin coo in each ward
w ater, but the w a te r revenu e does n ot fu lly m eet the in terest on the
o f city , at least tw o weeldi- before the e le c t io n -v o te shall be b y ballot.
S e c t io n ‘ ,717. S o hum* mmle exceeding amounts prescribed in this w ater bonds. A consolidation w ith W est B a y C ity w as authorized in
2
act.. F o r loan* la w fu lly m ade bond* o f the c ity m ay be leaned bearing 1891.
LOANSTWien Due. 8s, V&A, $119,000, Feb. 1 6 ,1899
• legal, rate o f interest, Eeoornl to bo k e p t by city elork. W hen deemed
B ridge B onds—
(ab't$1 0,000 du e y ea rly) to 1910
p& m m m f b y eouncli s e w homU m ay be Issued in place o f form er bonds 4s, J & l, $18,000____ J u ly 1, 1904
8s, A& O , 10,000— A p r il 15,1911
'falM ag due. Booh bond #batl show upon 1ft face the elaaa o f Indebted
($12,000 e v e ry Jive years) to 1919 8s, A<fcO, 10,000... .A p r il 1 5 ,1912
L ocal i ui 'Rovemk. B onds—
nt
8s, A & O , 20,000.. ..A p r il 15,1913
nem to which I t .belong* and from w hat fund pay able.
5s, Yar., $51,000. Aug. & Sep., 1893 8s, A&O, 50,000...... Oet. 15, 1894
T h e fe r e g o ts c provlalnaj. a p p ly to elite*. T h e la w rela tin g to villa g es
(P a rt due y ea rly)
to 1895
($10,000 due yea rly) to 1898
w ith referen ce to the mmm subject I* m nearly o f a .like character as not
W a te r w o r k s B onds—
8s, M&S, 1 0 ,0 0 0 ......Mar. 1, 1900
$8. A&O, $50,000---- Oct, 1 5 ,1893 8s, M&S, 10,000........Mar. 1 , 1901
to need wmlWAg?
(■$10,000 due y ea rly) to 1897 8s, J&D, 30,000.......June 1, 1902
($10,000 due y ea rly) to 1904
P O P U L A T IO N O F S T A T E ,—In the grow th o f her population 8s, A& O , $8,000...... Oct, 15, 1898.
M ic h ig a n r e S w U eb arfieterlstie Western progress. T h e first record we
IN T E R E S T -W H E R E P A Y A B LE . In teres t is payab le a t C ity
h a ve Is found In the Census o f 1*00, accord ing to which there w ere Treasury and in N ew Y o r k Oity.
then SM. p o rm m t U W s the presen t boundary lim its o f the State. I n
T O T A L D E B T, E t c .—T ota l funded debt at the date o f our latest
the y e a r 1sor* the T e r rito r ia l organ isation w t » form ed* the old Indiana returns w as $435,000; sin king fu nd assets, $20,000; net debt*
.
T e r r ito r y b e in g d ivid ed I a t » tw o parts, one o f these con stitu tin g the $415,000; w a ter debt, included in to ta l debt, $327,000. Th e receipts
T e ft fio r y o f M'tohigan. H um ber* did n o t increase v e r y fa st as y e t , from w a ter rents in 1890 w ere $22,220; expenses o f maintenance,
th e Census o f 1810 sh ow in g a popu lation o? on ly 4,762 and th at o f $10,500; in terest on w a ter bonds, $28,560.
ASSESSED V A L U A T I O N .— In 1890 the assessed va lu ation o f rea l
1820 8,705, w h ile even la 1830 the a gg reg a te w as no m ore than
t %rm f t I n e i t i d i n g the Inhabitant# o f certain, counties now estate w as $7,827,775; o f personal prop erty, $2,407,330; tota l,
fOfnatog p o rt o f Wisconsin. Th en cefo rw a rd , h ow ever, the advance $10,235,005; t a x ra te (per $1,000) fo r city and school purposes,
w as r a p id ; in 1837 adm ission as a S la te w as granted* and in 1810 the $ i 6 -10, fo r county purposes $3-27, fo r State t a x $1-92.
P O P U L A T I O N . —The popu lation in 1390 w as 27,839; In 1880,
popu lation *?«o4 mi 21.2,107. In the in terva l sin ce then the tota l has
tleeto to ten tim e- that dir
, and a ccord in g to the 1800 Census there j $20,693.
tiiat could claim m la rg e r aggregate.
w w e only eight otftnr 8ta
C O U N T Y . — County seat is B a y City.
1800...........SWWJ.S89 j 1390». . . . . . ____ 749,113 f 1 0 3 0 .-.............3 1 ,6 3 9 B A Y
lH '4 0
...
1850
,...*307*054 1 8 2 0 -..... . . . . . . . 8,765
LO ANS—
When Dw . I T o ta l debt (last returns). .$240,000
1*70 . ____ l , 184,059 i 1*40
. ...2 12,26 7 i 19 1 0 ,................ 4.762 5s............$30,000...................1 9 0 7 Equalized va lu a tio n ...$22,000,000
5s.......... . 30,000______ _____ 1912 j Popu lation in 1890 w as....... 56,412
From i8 6 0 t o 1870 increase -was 434,940, or 58*06 per ce n t; from
1870 t o 1880, 452,878, or 38*25 per oen t; from 1880 to 1890, 456,952,
B IG
R A P I D S . — A . S. H o b a r t , M a y o r.
o r TZ*®% p e r eetrL
B ig Rapids is in M ecosta County.
B A N K S —S T A T E * N A T I O N A L A N D S A V IN G S IN S T IT U T IO N S .
In terest paid in N e w Y ork , D e
LOANS—
' When Due.
troit. Chicago and Boston.
Old Water B onds—
—‘•Bank oposniimm In M ichigan keep steadily grow in g. Th ere w ere but
ta l
% mofm national bank* i n 189*2 than in 1885, but total capital Dec. 9 10s. M AS, 310,000.. ..Mar. 1,1895 T oaterdebt M ay 1 ,18 93.. $90,000
W
debt included........
45,000
N ew Water bonds—
w m id 4,934,0w , agr* fnst $13,11)4.600, and aggregate deposits over 4%s, J&J, 835,000... -Jan. 1,1903 T a x valuation, r e a l........1,220,510
do
personal........ 628,268
B ridge Bonds—
42 mHUon*. against about 20 Tnllllons. An to the State banks, new
To
1891...........
law®, » * in several other Western: State*, have had the e fie e i o f g rea tly 5s, F& A15, $15,000.-Aug. 15, 1004 T o ta l in x per $ 1 ,0 0 0 ..... 1,848,773
ta l ta
25-10
5 les, M AS, 15,000....Sept. 1,1907
# ti»r a i»tin g the organ.Uati.on o f local banking corporation#. Th e new
Railroad B onds—
Popu lation in 1890 w as........ 5,303
5s, Feb. 1, $15,000. -Feb.
1908 Popu lation in 1880 w aa ........ 3,552
la w tii M ichigan w ent into fo rce January 7 ,18 89, and the B ? ’ ik Com
B A Y C I T Y .—G. D.
Mayor.
STATE
98
A W
C H E B O Y G A N . — D a n . M cM u l l e n , M ajor.
Cheboygan is in a county of tlie same name.
Bonded debt (last ret urns). $42,600 I Total debt......................... 9551,400
Floating debt..................... 8,800 |Population in 1890 was........6/235
COLDW ATER,
( B. H. PAT,KTN, Mayor.
<C. T. G ILB E R T, Treasurer.
T O T A L D E B T or school district at last returns waB $42,000.
ASSESSED V A L U A T IO N .—Real estate, $3,209,185; pciaoual prop
erty. $1.39D.375i total, $4,659,560; total tax rate (nei $1,000), $16-25.
P O P U L A T IO N .—Tho population in 1890 was 9,803; In 1880 was
8,409.
G O G E B I C C O . — C. A . P e t e r s o n , Treasurer.
Tills city Is in Branch County.
LOANS—
When Vue.
Bonded del it Fell. 1/93. $115,500
Water debt, included...
70,000
5s, F&A, $15,000......Any. 1,181)7 Valuation, r e a l ........... 2,701, 23
077,765
($3,000 due yeavly) to Aug. 1, 1901 Valuation, personal___
Total valuation 1892.
3,437,0x8
School B onds—
5s, May 1, +30,500.. ..Mar. 1,1893 Total tu i (per $1,000)........ $i0\57
6-50
($3,000 due yearly) to Mar. 1,1903 City tax proper...................
0*43
School ta x ...........................
W ater B onds—
5b, A&O. $70,000...... Oct. 1,1901 Population in 1890 was........ 5,247
($7,000 due i daily) to Oct. 1, 1910 Population in 1880 was........ 4,681
E lectric: L ight B onds—
n i? T D A I T
v H. 8. P IN G R E E , Mayor.
U E , 1 r T L J i 1 .— l I.OUIS B. L IT T L E F IE L D , Treasurer.
Detroit is situated in Wayne County.
LOANS—
Wh' n Due. I 4s, JJ D. $200,000. ..J u n e l,
Bo u l e v a r d I m p . B onds —
I 4s. A&O, 260,000...Oct. l,
4s. J&D. $200,000....July 1,1921 14s, A&O, 500,000...Apr. 1.
4s, MAS, 200,000___Sept. 1,1922 I 3hjs, A&O, 100,000...Oct. 1,
Vol. LVI
CITY
1918
1919
1922
1906
County seat is Bessemer.
LOANS—
W h n D ie .
Int. in N ew York at Nat. Park Bank
Tax valuation in 1892.$12,264,792
5L>S, A AO, $42,000, A p ril 1, 1893 T ax valuation is about the same as
actual value.
to 1903 ($2,000 to $6,000 due
State and co. tax per $1.000. $6*50
Total1
debt Jan. 1, 1893....$42,000 Population in 1890 w as.....13,166
Court H ocse B onds—
GRAND
H A V E N . - -W. N. A n g e l , Recorder.
Tliis city is in Ottawa County.
LO AN S—
W h n D 't .
R ailroad Aid B o > n s 5s, A&O, $15.000....... Jun el, 1895
5s. A&O, 15,000....... June 1, 1900
5s. A&O, 17.000....... Ju n el. 1905
Interest paid iu New York by Wins
low, Lanier & Co.
Total debt Feb., 1893.... $47,000
Sinking fund assets......
6.000
Tax valuation, 1892...... 1,162,710
Tax valuation. 1890...... 1,549,000
Total tax (p er$1,000)...
39-10
Population in 1890 was....... 5,914
School B onds—
— .—, . -sT t— i—v a i—v t i— c—
v
v
SIV ■ J. STU ART, Mayor.
1920 4s. MAN, $300,000...Nov. 1, 1912 G R A N D R A r l L i b . — j w . a . s h u n k m a n , c ity Clerk.
W a t e r B onds issued by Com
1921
Grand Rapids is in Kent County. On June 1, 1893, bids w ill be
1922
missioners oh city’s credit—
1922 7s, F&A, $146,000...Aug. 1, 1893 received for $400,000 o f 5 per cent street improvement bonds, matur
P ublic B uilding B onds—
7s, F&A, 100,000... Feb. 1, 1900 ing at the rate of $100,000 per annum from May 1,1894, to May 1,
50.000.
.. Aug. 1, 1902
7s, J&D. $10,000...... J u n el. 1893 7s, F&A,
1897, both ineluslv,-.
50.000.
..Aug. 1, 1903
P ublic I mprovement B onds— 7s, F&A,
50.000.
.. Feb. 1,L 1904 S —
4s,
F&A,$100,000 Aug. 1, 1899 7s, F&A,
OAN
When Due. 4s, M&N, $21,000...... Nov. 1, 1905
4s, F&A, 21,000...... Fell. 1, 1907
3 65s, J&J, 100,000 Jan. 1, 1918 7s; F&A, 241,000...Aug. 1, 1904
Cit y H ai.l B onds—
Street I mbruvkment—
33s8, F&A, 30,000 Feb. 1, 1911 7s, J&D, 149.000... June 1, 1905 5s. J&J, $150,000...... July 1,1905
5s, F&A, $150.000....Aug. 1, 1893
3 a s, J&D, 100.000 Dec. 1, 1916 6s, J&D, 199.000...J u n e l, 1906
School B onds—
3%s, J&D, 270,000 Dev. 31, 1916 4s, J&D, *50,000...Dec. 1, 1896 5s. Var., $139,000..1893 to 1904 ($50,000 due y'rly) to Aug. 1,1895
4s, A&O, *100,000...Apr. 1, 1899 1u>s, J&D,
25.000.
.June 1, 1906 Water B onds—
P ublic Sewers—
8s.
25.000.
.June 1, 1908 A&O, $250,000....Oct. 1, 1893
7s, F&A, $96.000...Aug. 1, 1893 4s, M&8, 8100,000...Sept. 1, 1899 4Ljr, J&D,
8s,
7s, F&A,
70,000...Aug. 1, 1894 4s, F&A, 100,000...Feb. 1, 1900 4ki8, J&D,
23.000.
.June 1, 1909 J&D, 100,000... June 1,1895
8s.
32,000....July 1,1896
12.000.
.June 1, 1910 J&J,
6s, J&D,
35,000... J u n el, 1897
4Ljs, J&D,
5s,
55.000.
.0.t. 1,1911 M&S, 150,000___Sept. 1,1908
4 1 s, A&O,
* One of the investments o f the sinking fund.
5s,
80,000... .Hiii . 1,1909
28.000.
.June 1, 1912 J&J,
4L3S, J&D,
IN T E R E S T —W H E R E P A Y A B L E .—Interest is payable in New 4s, M&S,
is,
10.000.
.5.pt. 1, 1902 J&J, 300.000.... July 1,1912
York C ty by the First National Bank, except on market bonds, iuteres
T O T A L D E B T, ETC.—The total funded debt on March I, 1893, wa»
on which is payable in Detroit.
$1,467,000. The street im provement bonds to the amount o f $350,000
T O T A L - D E B T , S IN K IN G FU N D S, E T C .-T lie subjoined state additional to the foregoing are payable by special assessment on
ment shows Detroit’ s total municipal debt, and the sinking fund held property beuetitted.
by the oity againBt the same, and the w ater debt, on the dates indi
T A X FR EE .—A ll bonds of this oity are exempt from taxation.
cated.
ASSESSED V A L U A T IO N o f real estate iu 1892 was $19,076,012;
Oct. 1,1892. Apr. 1,1892. J u ly 1.1891.
Total funded debt..................... $3,166,000 $1,627,500
$1,912,500 personal property, $4,776,807; total assessed valuation, $23,852,819.
Sinking funds...........................
856,412
836,251
793,699 Tax rate (per $1,000), $28-27. In 1891 the total assessed valuation was
$23,000,000. Tlie real value o f property is estimated at $100,000,000.
Net debt.............................. $2,309,588
$791,249
$1,118,801
P O P U L A T IO N .—The population in 1890 was 60,278; in 1886
Water debt (additional)........... $1,229,000 $1,229,000
$1,229,000
The outstanding bonds of the Water Commission, amounting to 32,016; in 1870 16,507.
P ark Improvement B onds—
4s, M&8, $100,000 .. .Mar. 1,
4s, A&O. 100.000...Apr. 1,
4s, J&J. 105,000...July 15,
4s, F&A, 100,000...Aug. 1,
$1,229,000, issued on the faith and credit o f tho city, are not included
by the aity in its statement of funded debt, as the receipts from water G R E E N V I L L E . - W . E . B r a d l e y , Major.
This city is in Montcalm County.
assessments and the annual appropriation of $75,000 for sinking and
Sinking fu n d .................. $12,00#
L O A N S .—
When Due.
interest funds, as required by law, w ill be sutiloient to redeem all ou t
W ater and R ailroad B onds— Tax valuation, r e a l....... 700,00#
standing bonds at maturity.
4s. J&J. $46.000......... Part yearly Tax valuation, personal. 300,00#
The sinking fund consists o f cash, city bonds and Wayne County
Interest payable in New fo rk Oity. Total 1890......................1 ,000,00#
Total debt (latest l-et’ us). $46,000 Total tax per $1.000...... $39*00
bonds.
Water debt (inuluded)—
14,000 Population in 1890 was....... 3,05#
The follow ing shows the city’s total funded debt, and sinking funds
at different periods.
rt t t t c n
A T T7
5 Yj.
GOODRICH, Mayor.
Month and Tear.
Grow Debt.
Sinking Fund.
— }C . F. STEW ART, Treasurer.
Net D bf.
1892, Oct. 1................ $3,166,000-00
$856,412-00
$2,309,588-00
This city is in Hillsdale County.
1892, April 1............. 1,627,500 00
836.251 00
791,24900
1891, July 1.............. 1,912,500 00
793,699-00
1,118,801-00 Bonded debt, 4*29 •- ........... $39,000 T ax valuation in 1892. .$2,671,695
Floating debt.
........... 16,359 Population in 1890 was....... 3,9151890, July 1.............. 1,634,500 00
745,274-24
889,225-76
1889, July 1.............. 1,338,500 00
698,475-55
640,024-45 Total Jan. 1, 1893............ 55,359 Population in 1880 was....... 3,441
1888, July 1............... 1,394,500-00
725,877-17
668.623-83
503,015-34
1887. July 1.............. 1,280,000 00
776,988'66
1886, July 1..............
810,000 00
773,509-57
36,490-43 H U D S O N . —R. A. B e a c h , Mayor.
1881, July 1.............. 1,094,400 00
479,442-32
614,957-68
Hudson is in Lenawee County.
1880, July 1.............. 1,360,400 00
528,627-80
831,772-20
When Due, Tax valuation 1891......$1,101,516
LO ANS1875, Feb. 1.............. 1,081.900 00
121,285-64
960.614-36
Assessm’t about !v sctual value.
W atkr Bonds—
1870. April 1..............
704,283-73
37.252-89
667,030-84
5s. J&J. $30,000.................... 1909 Total tax (per $1.000)........ 13-61
C IT Y P R O P E R T Y .—The city owns its water works, valued at $3,. Total debt, Apr. 1, 1892..$30,000. Population in 1890 was........ 2,178
410,910; net liabilities fo r water, $1,052,000; value o f property over Interest on water tionds in New Population in 1880 was........ 2,254
Y o rk Chase National Bank.
liabilities, $2,358,910. In the year 1890 the revenue from water rates
was $387,877; expenses o f maintenance $102,391; interest on bonds
—F. J. T r u d e l l , Mayor.
was $90,555; bonds paid $97,000; total expenses $290,246; balance, I R O N M O U N T A I N
This city is in Dickson County.
surplus, $97,631.
Total debt Apr. 1,1892.. $81,000
LO A N S .
Whendue.
ASSESSED V A L U A T IO N .—The city’ s assessed valuation (about
Valuation, d
bc.
S
the same os oash value) and ta x rate have been as follow s in the years 68. chool B ondsMar. 1, $24,000................. 1893 Tax valuation, real....... 1,800,000
named
Total
Tax valuation, personal. 100,000
Tax Kate.
(Abt. $3,000 due yearly) to 1902
T a rs . Tl al Estate..
Per. Property.
Assessed. Vat. p e r $1,0( 0. 6s, Mar. 1, $8,000................... 1893 Total valuation 1892. ...1,900,000
1892.. $149,372,700
$35,554,430
$181,927,130
$16*63
($1,000 due yearly)......... to 1900 Assessment about *3 actual value.
1891 ... 136,026,040
39,423,670
175,450,310
State ta x (per $1,000)...
$1*66
16*78
Street and Sewer B onds—
1890.. 123,391,610
38,436,960
161,828,570
8-50
15*73
6s. Jan. 1, $8,000.................. 1893 County tax iper $1,000).
1889.. 117,453,140
39,052,650
156,505,790
8*88
14*29
($1,000 due yearly)........ to 1900 City tax (per $1,000)......
39,558,840
1888.. 112,740,300
152,299,140
Average school ta x .......
17*66
13*10
6s, Feb. 1. $6,000................... 1-97
1885.. 87.536,645
28,713,300
116,249,945
10*77
6s. Fell. 1,10,000.................... 1902 Population iu 1890 was........8,599
1880.. 64,556.085
19,807,705
84,363,790
11*83
6s, Feb. 1,20,000.................... 1907 Population iu 1880 w a s . . . . . . ---P O P U L A T IO N .—In 1890 population was 205,876; in 1880 it was
IN T E R E S T on the $9,000 bonds is payable at tlie city treasu ry ; on
116,340; iu 1870 it was 79,577. Population in 1892 was estimated at all others in N ew York City.
225,000.
The tax rate here includes the city tax, the school ta x and the police I S H P E N N I N G . - C . H. H a l l , Mayor.
lax.
This city is in Marquette County.
Bonded debt (lat’t ret’n s)..$96,000 Population in 1890 was...... 11,197
F L I N T . — F . H . R a n k i n . J r ., Mayor.
Available assets................ 150,1(51 Population in 1880 w as...... 6,039
Flint is in Genesee County. This city at the date o f our last returns
i
o /
had "n o outstanding debt or loan whatever.” The Union School dis J Aa U lt t O Ua l\ t . — ^T. C. .BROODS, Mayor.
A
N
\ i,;. k LOW ERY, Treasurer.
trict had the follow in g bonds:
This city is the capital of Jackson County.
LO A N S —
When Due.
LOANS
When Due.
------------ Principal. -----------«
— In In ' at.LO AN SSeries D B ondsSeries F—
P. Cl. Payabl-.
When D »e .
0 txtand’ g88, .Tan. 1, $14,000. 1893 to 1899 8s, Jan.. $1.000..................... 1893 NAME AND PURPOSE.
$65,006
Nov. 15, 1907
($2,000 due yearly).
N
M &
8s, Jail., $10,000, 1895 to 1899 Public building bonds...... . 5
8s, Jan. 1. $1,000................. 1900
>Sept 1.1893-1900 l
($2,000 due yearly).
80.000
Waterworks bonds........... . 8
M & s S $10,000 yearly. $
Series E—
’
Interest is payable in N ew York
75.000
M «fc s
Sept. 1. 1904
8s, Jan., $10,000. 1893 to 1897
Water works bonds, A c... . 5
City.
70,000
($2,000 due yearly).
July 1,1912
Water extension, 1892---- . 5
J & J
MIC4J10AN—CITIES ANB TOWNS,
April, 1893.
IN T E R E S T —W H E R E P A Y A B L E .—Iuterent t* payable on the water
>onda due iu 1904 in Detroit; ou all other im-ues iu New York.
T O T A L D E B T , ETC.—The total ruudcd debt on January 1, 1893,
$290,000.
TAX V A L U A T IO N i n i 893 o f real estate was $5,581,650; of per
sonal property. $1,246,300; total. $6,827,950. Property is aswess.-d at
about one-third o f its actual value. The total tax per $1,000 was
•97 37; includinfc M ate tax, $2*04; county tax, $1*31; city tax, $17-50.
and school tax. $6*52.
P O P U L A T IO N .—The population in 1890 was 20,798; in 1880 was
16.105; In 1870 was 11,417.
K E N T C O U N T Y — G h a s . D.
S t e b b i n s , Treas.
County next is U n w ] Rapids.
LOANSWh h Due. 5a. $20,000...............Jan. 15,1899
COURT Hiit'.B BONDS—
Interest is payable iu N. Y. City.
5*........ *10.000....... Jan. 15. 1804 Total debt Jan., 1893...... $145,0*mi
5a,........ 20.000.... Jan. 15. 1805 I Tax valuation.............$32,500,000
5 » . ...... lo.ooo...... Jan. 15.1806 |Tax valuat’n about *3 of real value.
5.......... 20.000 ... Jan. 15, 18117 Population iu 1890 was...109,922
X ....... 10.000.......Jan. 15. 1898 I Population in 1880 was... 73,253
L A N S IN G . —
F r a n k B . J o h n s o n , M a y o r.
Lansing is the capital of Michigan.
WKtn D e. I 4Vl*. JAJ. $25,000 .. May 1, 1910
LO ANS—
SCHOOL Bovna—
4*as, JAJ. 25.000 .. .May 1, 1915
4*. J AD. *48.000____Jnnel, 1S94 |4*. JAJ, 25.000 ... May 1. 1900
W ater Works Bonds—
4*. JAJ. 25.000...July 1. 1920
♦ «*». JAJ. *25.000 .. May 1, 1905 j
IN T E R E S T —W H E R E P A Y A B L E .—rnterest on the school bonds,
on the wnter 4»*s, and on the water 4s tine In 1900. 1 payable In New
b
York. Into r e t ou other bonds In Lansing.
T O T A L D E B T , E t c .—The total funded debt (latest returns) was
*187.000. of which water debt waa $100,000.
ASSESSED V A L U A T IO N .—In 1891 tbe assessed valuation of real
relate waa *5.100,HU ; of per-onal property $1,593,235; total $6,759,846. T at rate (per $1,000) In 1890 $23 42; state tax *0-99,
Bounty tax $170. school tax (extraordinary on account of new build
ing*) $8’53; city tax proper $12"2(>.
P O P U L A T IO N .—The population In 1890 was 12,630; In 1880 was
$.319: to 1870 waa 5,247.
M A R Q U E T T E .—J. M.
Mayor.
Longyear,
Marquette la to the county of the name name.
LOANS" » n Dae. 5«, JA J.*30.000.......Sept.l, 1899
E le c tr ic L io h t w o —
W ater Work* —
5a, Mar 1. $10,000 . May,
1891 5a, JAJ. $11.000......Jan. 1, 1896
5a, JAJ.
10,000 July 1. 1899 5a, JAJ. 15,000......Jan. I, 1898
Sa, JAJ,
10,000 . Deo. 31, 1900 5a, JAJ, 14.000......Jan. L 1900
5a, JAJ,
10.000. Feb. 5, 1900 5a. JAJ. 10.000..... Fell. 1, 1897
Sa, JAJ,
20.000.. .Jan. 1, 1900 5a. JAJ. 30,000..... Bept.1. 1899
Sc h o o l B u ild ing —
W ater Bn us R efunding —
•5 JAJ, $10,000____ Feb, 1, 1897 5a, JAJ, $35,000...... JaD. 1, 1901
a.
INTE R E ST W H E R E P A Y A B L E .—Interest la payable at Mar
quette and Detroit.
T O T A L D E B T . Etc .—
The total funded debt (latent retuma), waa
$155,000. nf which water debt waa $7.5.000.
ASSESSED V A L U A T IO N .—In 1890 the aaaeaaed value (Ion of real
aatato Waa *2,437.923; o f personal projierty $619,930; total $3,047,853 Tax rate (per $1,000) $2410.
Eatlmated actual valuation,
*9,113.569.
P O P U L A T IO N .- T h e population in 1890 waa 9,093; to 1880 waa
4.690.
M E N O M IN E E .— ■ ttv ir lfS lfc S S .
,F
Till* city b ln M©nominee County.
LO A N V When Due, I Sinking fund*................
$2,998
Sew kr B *fi>«—
S et d - "t 6wpt. 1, 1*92.... 107,002
«*, M.kS, $75,000 ....M a y 1.1893 | Total d»* »t d ir. I, 18JI..
1 - »0
4.0
(f|,OUO due fwirijr) to May 1. 190 > T ax valuation 189 2........2,747,000
BTRKKT B »MlH—
Tax valuation 1690........ 2.900.00(1
da. MAN. ♦ -'0.000 ...M ay 1. 1803 rot 1*1 tax pnr $1,000 1891. .. $35
(•l.o o o d u - j arty) to May 1. 1912 A**ra*iii**Qt about (9 actual value.
InPrc^tat Cb*m. Nat. Bank. S . Y. Population in 1390 wiw ......10,630
T
Total d.>bt-U'pt | 1.69d... $110,000
11 1 is o w.i----- 3.286
M ENO M INEE S C H O O L DISTR ICT.—ThU school district Is co
sxtonsiva with the slty, and has a »e.pan*te debt of $33,000. It is
prohibited by law from creating any f 11 th«?r indebtedness.
M ID L A N D C O U N T Y . — Comity seat is Midland.
LO A N S —
Whan Due. I Tux valuation, personal. $119.165
Rr.rrvof n B o w Total valuation 1891 ...1,981.650
4s. Mite.. #3 *,000
Mar. 1. 1903 j rttete tax (per $1,000)...
$1 20
V l«r#8l i* *rabla Iu (tatrolt.Mich. ; Countv tax (per$1,000).
$9 t <
>*
Total debt Jan. I, 1692
$ i‘
J,iNKI I Population in 1890 was......10,657
Tax valuation, real
...1,662.465 | Population in 1880 waa..... 6,893
M U S K E G O N .Muskegon U in a county
LOANS—
*AM£ AND
Water works.. ................
do
1890
99
P O M T T A "
(T . A. SMITH, Mavnr.
i - '- J I N U r t .
— j B. 8. TKEYENS, Treasurer.
This city is in Oakland County
LO A N S —
When Due. Tax valuation, real...... $1,887,730
W ater Bonds—
Tax valuation,personal. 503.970
4*28.......$85,000 ................5re»rly Total 1891................... 2,381,700
$5,000 each year until paid. Total tax (per $1,000)..
$19-00
Interest payable iu N ew York City. Population in 1890 was....... 6,200
Total debt January, 1893..$85,000 Population in 188o waa....... 4,509
P O R T H U R O N .—J o h n
Mayor.
B. M cI l w a in ,
Port Huron is in 8t. Clair County.
LOANS—
When D u . 5s, J&J, $9,000.............
1900
B ridge Bonds—
5s, J&J, 38.000
.......
1902
5s, J&J, $5.000......................1895 5s, J&J, 15.000
.......
1904
5s, J&J, 2,000......................1898 5s, J&J,
3,000.............
1906
City B onds—
5s, J&J, 22.000
.......
190T
........... $25,000 .......................
Road B ondsR efunding Bonds—
68, ....... $5,000...
10s, J& J,: 10,000
$
School Bonds—
08, J&J,
4,000.
4.000 .............
1896 5s, JifeJ, 5,000....
1896
08, J&J,
5,000.
....
1893 5s, ....3 0 ,0 0 0 .....
08, J&J,
8,000.
8.000.............
1894
Sewer B onds8s, J&J, 46,000.
....
1897 68, ....... $1,500....................
O , J&J,
B
5,000
....
1898
Water Works E xtension03, J&J, 49,000.
. ...
1899 58, J&J, 11,000................... 1896
IN T E R E S T —W H E R E P A Y A B L E .—Interest on certain of the bonds
* payable in New York by the Hauover National Bank.
T O T A L D E B T, Et c .—T he total funded debt (last returns) was
$340,000.
P O P U L A T IO N .—The population in 1890 was 13,543; in 1880 was
8.883.
S A O I N A
\ WM- 8- LINTO N, Mayor.
^ W •--- \J. SCHWARTZ,
The cities of Saginaw and East Saginaw, in the county of the same
DUDie, were consolidated in 1890, forming the present city.
W ater Bonds ( Cont.)—
BONDS—
Whan Due.
Bonds o f Consolidated City—
5s, M&N, $25,000..May 1, 1901
B ridge & Street Bonds—
5s, M&N. 50,000..May 1, 1902
........... $185,000 ...................... 5s, M&N, 70,000..May 1, 1905
C ity H all —
4^8, M&N, 31,500..May 1. 1903
4^*, F&A, $110,000..Feb. 1 , 1901 4*28, M&S, 10,000..Mar. 10, 1904
28,
($10,000 yearly) to Feb. 1,1911 4 ^ M&N, 50,000..May 1,1904
4*«s. F&A, $15,000* .Feb. 1,1912 4s, M&N, 30,000..May 1, 1897
4s, M&N, 22,500..May 1, 1899
Court H o u r *—
W 8l rn Taxing District—
5b, J&D, $100,000— Deo. 1, 1898
(Original City of Saginaw).
($1,000 yearly) to Dec. 1, 1907
Sewer Bonds—
EasU rn Taxing District—
5s, M&N, $6,000....Nov. 1, 1891
(Form erly East Saginaw.)
($2,000 yearly) to Nov. 1, 1895
Sewer*—
5*, var.. $103,000.1893 to ’95 5s. J&D, $50,000..June 1, 1904
($10,000 yearly) to June 1, 1908
5*. J&J.
75,000. July 1, 1894
Street I mprovement($15,000 yearly) to July 1, 1898
58, M&N, $23,200.-1893 to '95
Street I mprovements—
Water Bonds—
var., $87,000.. 1893 to ’ 95
l
4b)S. M AN, 30,000. .May 1,1899 8s. M&N, $20,000..M c1 10, 1893
($10,000 yearly) to Mch. 10, 1894
($ 10,000 due yearly) to May 1,1901
5^8, M&N, $10,000..Mch. 10, 1895
Water Bo ns—
2
«*«, MAN. $18,500 . May 1, 1893 51* 8. M&N, 10,000..Mch. 10, 1896
5s, M&N, 12,000. May 1, 1894 5*28, M&N, 5,000..Mch. 10, 1897
>*. MAN, 12,000.. May 1, 1895 5s, M&N, 10.000.. Mch. 10, 1902
5s, MAN, 28,500.. May 1, 1896 5s, M&N, 10,000.. Mch. 10, 1903
2
5s, MAN. 25,000..May 1, 1898 41. 8. M&N, 40,000..Mch. 10. 1898
! 5s, MAN, 25,000 .May 1, 1900
($10,000 yearly) to Me . 10,1901
IN T E R E S T - W H E R E P A Y ABLE.—Interest is payable in New
York by the Chemical National Bauk.
T O T A L DEBT, E t c .—T he following statement shows Saginaw's
t hu i tmnili < debt, the sinking funds held by the city against the same,
1
i ud the water debt, on the first of March of each of the last two years:
1892.
1891.
1890.
Bonded debt............................. $1,166,200
$1,153,700
$1,038,100
-iukiug funds............
24,500
44,000
42,000
Net debt March 1 ................ $1,141,700 $1,109,700
Water debt (included above'---- $516,000
$535,000
W A T E R W O R K S —The water works, owned by this city, were built
a cost o f $750,000.
ASSESSED V A L U A T IO N .—In 1891 the assessed valuation o f real
estate was $13,156,310; of personal property $3,891,778; total $17,o is.08s actual valuation $25.000,000); tax rate (per $1,000) $27-79.
P O P U L A T IO N .—The population in 1890 was 46,169; in 1880 was
29,541.
S A G I N A W C O U N T Y .—G.
H ousner,
S A U L T DE S A I N T M A R I E . —O tto
W
aalers,
Mayor.
■
---------- P rio rip a l,-----------Wh'a Du .
O txtmuVg.
1897
$100,006
1001 to 1925
250.000
i $ 10,000 yearly.J
P A Y A B L E .—Interest I* payable in New
Trea*.
Couuty seat Is Saginaw.
LO A N S —
m ten Due- Tut. paid by Central Trust Co., N. Y.
Bonded dehtFeb. 1. ’93. $151,000
CtiKKBNT Expense—
Is, A.VO, $24,000..... Apr. 1,1894 Tax valuation 1890......26,692,454
'%
($12,000 yearly) to Apr. 1, 1895 Frnp'y ass’d atabout ■ actual vaL
State "and eo. tax (per $1.000).$2-30
P ooh House—
5s, J *D , $15,000....... June 1,1893 Population iu 1890 was..... 82,273
Population in 1880 was......59,095
R iv e r I m provem ent —
58, A&O. $100,000___Apr. 1, 1896
($10,000 yearly) to Apr. 1,1905
F ow ls,
M ayo r.
This city 1 in Chippewa County.
b
Bond.'ll debt (lat. returns).$86,000 I T otal............................. * 10i*25£
Floating d e b t.................
18,050 | Population 1890..........
0,760
W A Y N E C O U N T Y . — County seat is Detroit.
IN T E R E 3 T -W H E R E
( irnssdebt(latest returns)$297,000 I Eqd. valuation .....$150,000,000
York.
sinking fund ................. 231.540 Population 1890 was........ 257.114
T O T A L D E B T , ETC.—The total funded debt (latent returns) was Not d e b t......................... 02,400 |
do
1880 was....... 166,444
*350,009. all for water.
AS3ES1E J V A L U A T IO N .- In 1890 the assessed valuation o f real W E S T B A Y C I T Y . — Bay County.
eetab was 4l.»i7s.'HI2; o f personal property $2,437,161; Dital $6.116.- Total debt (la t returns) $172,000 I Assessment about ’2 actual value.
I. 56 Tax rate (per $1,000) $17-50; actual valuation estimated $15,- Tax valuation, 1890. .. 2,609,000 |Population in 1890 was..... 12,981
000.000.
P O P U L A T IO N .—Tlic population In 1890 was 22,702: In 1880 was Y E S I L A N T I . — Washtenaw County.
Totuldebt (latest returns)$l89,000 [ Population in 1890 w as....... 6,129
II.
262
100
D e b ts
and
R esou rces
O IP
T H E
TATES,
AND T 0W N
IIS T
T H E
WESTERN STATES.
IN D E X
F O R
T H E
W E S T E R N
S T A T E S ,
C IT IE S ,
E tc .
K
W ISC O N SIN —State, Cities, & c............................. Pages 100 to104 A N S A S —State, Cities, & c ........................... Pages 124 to 130
M
M INNESO TA—State, Cities, & c............................Pages 104 to 107 O N TA N A —State, Cities, &c ......................... Pages 130 to 131
W
IO W A —State, Cities, & c........................................Pages 108 to 111 Y O M IN G —State, Cities, & c ........................Pages 133 to 133
MISSOURI—State, Cities, & c ................... ...P a ges 111 to 116 ID A H O —State, Cities, & c...............................Pages 133 to 134
COLORADO—State, Cities, & c....................... Pages 134 to 133
NO RTH D A K O T A —State, Cities, & c.................... Pages 116 to118
U
SOUTH D A K O T A —State, Cities, & c .................... Pages 118 to 119 T A H —Cities, & c ............................. ...............Pages
133
N
NEBRASKA.—State, Cities, & c..............................Pages 119 to 124 E W MEXICO and A R IZ O N A —Cities. & c .. .Pages 139 to 140
State of Wisconsin.
extreme their ingenuity for forms in which to express their determina
tion to inhibit debt-making. The sections which cover the subject are
sections 3, 4, 6, 7, 9 and 10 o f Article 8. We give them in full below.
S ection 3. Credit o f State, f o r what not given. The credit of the
State shall never be given or loaned in aid o f any individual, associ
ation or corporation.
E tc.
S ection 4. Contracting debts. The State shall never contract any
public debt, except in the cases and maimer herein provided.
Organized as a Territory (Act. Apr. 20, 1836) - July 3d, 1836
Se c t io n 6. L im ita tion on public debt. For the purpose of defraying
Admitted as a State (Act. Aug. 6, 1846)
May 29th, 1848 extraordinary expenditures, the State may contract public debts (but
such debts shall never in the aggregate exceed one hundred thousand
Total area of State (square miles)
56,040 dollars). E very such debt shall be authorized by law, for some purpose
ITS
DEBT, RESOURCES,
State Capital ................................
Madison
Governor (term expires 1st Monday in Jan. ’95,) Geo. W . Peck
Secretary of State (1st Mon. Jan. ’95), Thomas J. Cunningham
Treasurer (1st Monday Jan. 1895) John Hunner
Legislature meets bi-ennially in odd years on the second
Wednesday in January, and there is no lim it to length of
sessions.
H IS T O R Y O F D E B T .—No State has a more conservative financial
history than Wisconsin. When it became a State there was a little
Territorial debt (canal bonds) outstanding. In Governor D ew ey’ s mes
sage of 1851 w e find this item among the estimated expenditures for
that year—
Territorial indebtedness, including ten canal bonds o f $1,000
each, due in June, 1851, and interest.................................. $12,892*75
W ith the payment o f those bonds the State was le ft absolutely with
out debt. The State’s policy too, never to have a debt, had been
expressed and fixed by the Constitution adopted in 1848, which forbade
the loaning o f the State credit or the contracting of a State debt other
than for the purpose of paying current expenses o f the Government
hnd then not to exceed In amount $100,000; furthermore, the Consti’
tution provided even in that case that a tax should imminediately bo
levied to pay the debt. There was, however, a single exception to the
$100,000 limitation, and that was in case of invasion or to suppress
rebellion. Our C ivil War made it necessary to use the authority this
last clause granted, and war loans were put out from 1861 to 1865
both years inclusive, amoimting in all to $2,727,500. Since 1865 a
portion of these bonds has been converted into certificates o f indebt
edness and put into State Trust funds, and the balance has been paid*
The State has no Indebtedness except to the trust funds, as fo llo w s :
Certificates of indebtedness, School Fund..............................$1,563,700
Do
do
Normal School Fund.................
515,700
Do
do
University Fund........................
111,000
Do
do
Agricultural College Fund..'...
60,600
T otal.................................................................................. $2,251,000
D E B T L IM IT A T IO N .—The constitutional provisions o f Wisconsin
restricting debt-making are very rigorous, plain and comprehensive.
Since the amendment adopted in 1874, cities &c., as w ell as the State,
are definitely limited by that instrument. We will give the provisions
first which relate to the State and after that those which have reference
to cities, &c.
(1) STATE indebtedness is confined within very close bounds. I t
•eems as i f the framers o f the Constitution must have taxed to the
shall be necessary to the passage o f such la w ; and every such law shall
provide for levyin g an annual tax sufficient to pay the annual interest
o f such debt, and the principal within five years from the passage of
such law, and shall specially appropriate the proceeds of such taxes to
the payment of such principal and interest; and such appropriation
shall not bo repealed, nor the taxes be postponed, or diminished, until
the principal and interest of such debt shall have been wholly paid.
Sec tio n 7. State may borrow money, when. The Legislature may also
borrow money to repel invasion, suppress insurrection or defend the
State in time o f w ar; but the money thus raised shall be applied exclus
ively to the object for which the loan was authorized, or to the repay
ment of the debt thereby created.
S ection 9. Evidences o f debt. No scrip, certificate, or other evidence
o f State debt, whatsoever, shall he issued, except for such debts as are
authorized by the sixth and seventh sections of this article.
Se c tio n 10. Interna l improvements—avails o f grants. The State
shall never contract any debt for works of internal improvement, or be
a party in carrying on such works, but whenever grants of land or other
property shall have been made to the State, especially dedicated by the
grant to particular works o f internal improvement, the State may carry
on such particular works, and shall devote thereto the avails o f such
grants, and may pledge or appropriate the revenues derived from such
works iu aid of their completion.
(2) 0ITIES> Counties, towns, villages, die., were unrestricted except by
legislative enactment until 1874. Since that amendment was adopted
five p er cent on the value of the taxable property has been the extreme
amount o f debt permissible for any municipality. N ot only is that the
case, but, as w ill be seen, the municipality is required before or at the
time when it incurs any indebtedness, to make provision for an annuaL
tax sufficient to pay the interest and also sufficient to pay the principal
within twenty years from the time of contracting the debt. We give
below the amendment referred to in full.
Lim ita tion o f M unicipal Indebtedness — Adding to Section 3, Article
11, the words:
No coimty, city, town, village, school district, or other municipal cor
poration, shall be allowed to become indebted in any manner or for any
purpose, to any amount, including existing indebtedness iu the aggregate
exceeding five per centum on the value of the taxable property therein,,
to be ascertained by the last assessment for State and county taxes pre
vious to the incurring of such indebtedness. A n y county, city, town,
village, school district, or other municipal corporation incurring any
indebtedness, as aforesaid, shall before or at the time of doing so pro
vide for the collectiou of a direct animal tax sufficient to pay the interest
on such debt as it falls due, and also to pay and discharge the principal
thereof within twenty years from the time o f contracting the same.
No system could be devised better adapted for keeping municipal debt
at a minimum than the foregoing amendment establishes.
ASSESSED V A L U A T IO N .—The total assessed valuation of the
State, as determined by the State Board o f Assessors, and the tax rate
for State purposes, have been as follow s for the years named b elo w :
WISCONSIN—CITIES M B TOWNS.
April, 1893.
Personal
Total
State Tax
Taxes
Heal Estate.
Property. Val -ation.
Hate.
Raised.
$
$
$
$
$
1891.. .490.061.701 130.897.653 623.859.417 1*535110 59 988.886
1890.. .464.7S-J.237 128,108.482 592,890.719 1*503*920 35 891,660
1889 .. ....................................... 577,09*2.815 1-514 *293 *29 873,887
1890.. .844.788, 721 9 4.1S3.030 43S.971.751 .................................
P O P U L A T IO N O F S T A T E .—As Wisconsin was not organized as
a Territory until 1836, the tlrst Census to report its population was
that of 1840. according to which there were 30,945 persons within her
borders. Origtually Wisconsin formed part of the old Indiana Territory
and it U interesting to note that in the Census o f 1800 mention is made
of the fact that "o n the 1st of August, 1800, at Prairie du Cliien, on the
Mississippi, there were sixty-live souls” and “ at Green Bay, on Lake
Michigan, there were fifty souls.” When Illinois was admitted as a State
*n 1918. Wisconsin became part of the Territory of Michigan. In
1836, however. Wisconsin was detached from Michigan and organized
as a separate Territory, and in 1840, as already said, the population
was not quit© 31,000. But during the next ten years the number
increased almost tenfold ithe Territory being admitted as a State in
1849), ami in 1950 the population was reported as 305,391. The
progress since then has been wonderful, every decade showing
an addition of from 250,000 to 450,000, and the aggregate for 1890 was
1,686380. During the forty years the state has advanced in rank in
population from No. 30 to No. 14.
1890........... 1.696,990 1870.............1,054,670 I 1850............... 305,391
881 I 1840 .............. 30,945
In i860 70 the increase was 278,789, or 35*93 per cent in 1870-80
260,827, or 24*73 per cent; in 1890-1890 371.383, or 28*23 per ceut.
B A N K S -S T A T E , N A T IO N A L A N D S A V IN G S IN S T IT U T IO N S .
—
-glace the clo*e of 1985 the number of national banks in Wisconsin has
Increased from 49 to 79, capital from al>out 4 ^ million dollars to 81 mil.
*
lions, and deposit* from 15 million dollars to over 33 millions. Still
more sulking has been the growth ami multiplication of the banks organ
Ued under State law. There has been no very material amendment of such
law for some years past, and yet these State organizations have latterly,
It would seem, found InoroaHcd favor in the eyes of the public, and on
Jan. 2, 1893, they held $-14,500,057 of deposits against only $16,026,614 7 h yean before, on July 6, 1985, and there were 119 such organiza
tions a g a in b u t 50 at the earlier date. Whereas in 1885 there was but
on© State bank more than the number of the national banks, now the
State banks outnumber the national bank* by 40. and whereas in 1885
the deposits of the 6tnt© banks exceeded those of the national banks less
than a million dollars, in 1993 the difference In favor of the 6tate bank*
U over 11 million dollars, the -‘tate brink* holding $44,560,057 against
$33,170,133 held by the national banks.
------------ 1892-3.------------- ,------------ 1885.------------ .
Sational.
.State.
Sutionul.
*State.
WlfOOkfljtx.
(Dee. 9,’92,) (Jan. 2/93.) (Dee. 24.)
(July 6.)
No. of bank-*.............
79
119
49
50
Capital
............... $8 ,415 ,5 50 $7,136,900 $1,435,000 $2,462,200
Surplus ari l profits.
4.131,950 12,789.055 *2.018,483
78*2.175
Deposit*, individual. .33,170,133 44,500.057 15,16*2,332 16,0*26,614
Tsar.
• Figures from report of Comptroller of Currency.
f Tills is amount July 4, 189*2.
Wisconsin reports only one savings bank, though among the State
bank* included In the above there are several that have the word
•• savings” In their name; aud even this one (mutual) savings bank had
only $154*851 deposit* Jan. 4,1893. The State also furnishes statements
•bowing the condition of the private banks, and it appears that there
were 109 of such private banks July 4, 189*2, with $1,367,365 capital,
$822,120 surplus ami profits, and $7,954,786 deposits. Uniting the
8Ut* bank* and the national banks and the i rivnte bonks, the aggregate
of deposits held by ail reaches over 854 million dollars.
C it ie s , C o u n t ie s [ a n d
T owns
D TUB
C
STATE OF WISCONSIN.
<W. R. D U 8 FEE. Mayor.
*J. B. FITCH , City Clerk,
This city is in AshlA nd County.
Interest Is payable In New York.
When Due.
LOANS—
Total debt Nov. 1, *92. $239,000
C rrr Bond * —
23,000
5s. JAJ. $ 100,000 •Nov. 1, 1909 Sinking funds.............
216,000
rjuly 1,1910 Net debt Nov. 1/92..,..
5e,JAJ.
lO.onn
Tax valuation, real___ 5,875,351
FrwbtBO B o si**730,209
5*. JAJ. $25,000____ .OcL 1,1912 |Tax valuation, personal
I Total assessment 1891. 6,605,560
8TRKET*A ALLftYfr....$42*50
5e. JAJ. $25 000...... .Oct. 1, 1911 |Total tax (per $1 000)
Population In 1890 was ....... 9.956
8t r » kts , a iw r R * A Schools —
5s. JAJ. $75,000...... July 1, 1900 I Population in 1880 was.
ASH LAND
'T h e $100,000 o f city bonds due in 1909 are held by the State of
Wisconsin.
t The $14,000 o f eltv bonds due In 1910 wore issued In aid o f com
merce and manufacture*.
T A X FREE - A ll bonds o f this city are exempt from taxation.
A S H L A N D C O U N T Y . — County seat is Ashland.
LO A N S —
Railroad bonds
Other bond* ...............
Total debt Jan. 1, 1892.
.4mount.
$75,000
60,000
135,000
Tax valuation, real......$8,320,127
Tax valuation, personal 1,299,873
Total valuation 1892... 9,620,000
|Population in 1890 was......20,063
B A R A B O O .—1. S. Worthman, City Clerk.
Baraboo is in 8auk County.
LOANSWhen Due.
LOANSwhen D u fC it y H a l l Bonds B R II H . R B O N D * —
5s, Fab. 1, #*.«>00. .. Feb. 1. 1894 5*. Feb. 1, #12.000___Feb. 1, 1902
1,000 due yearly) to Feb. 1. 1901 ($2,000 dneyearly) to Feb. 1,1907
I mi-ro vkm kat Bond - (Special) , Feb. 1. $0,000.
Feb. 1, 1891
#
($1,000 dne yearly) to Feb 1,189ft 6s. J. A J„ $254........ July 1 1*93
(1 -5 due yearly) to July 1, 1897
$s. Feb. 1.
$500 . . . Peb. 1. 1901
School Bonds—
5s. Feb. 1, #7,500 .. Feb. 1. 1902
($1,060 due yearly) to Feb. 1, 1906 5s, Feb. 1, $1,600 ...Feb. 1,1900
S
101
LO A NS—
When Due.
5s, Fei», 1, $12,000....Feb. 1,1901
($2,000 due yearly) to Feb. 1. 1906
5s, Feb. 1, $12,000.... Feb. 1, 1906
(part due yearly) to Feb. 1,1912
($1,500 due yearly) to Feb. 1, 1901
Total debt Feb. 1, 1893.
$74,854
Tax valuation, real...... 1,444,185
Tax valuation, personal
525,458
Total valuation 1892... 1,969,643
Sewer B onds—
Total tax (per $1,000)..
$20*86
5s. Feb. 1, $12,000....Feb. 1,1894 Population 1890 was............ 4,605Assessment on property is not to exceed 23 of its actual value.
B R O W N C O U N T Y .—
County seat is Green Bay.
Amount. T ax valuation, real......$7,000,682
LOANSRailroad bonds............. $163,550 Tax valuation, person’l 1,454,318
Other bonds.................
6,000 Total valuation 1892... 8,455,000
Total debt Jan. 1,1892
169,550 Population in 1890 was......39,164
C H I P P E W A C O .—
R obert P a t t en ,
Treasurer.
County seat is Chippewa Falls.
When Due.
LO ANS-
Net debt July 1,1892.. $107,013
Tax valuation, real...... 8,145,523
T ax valuation,personal
963,061
RefundingTotal valuation 1891.. 9.108,584
os , June, $70,000...... June 1,1893 Assessment abt. 3-5 actual value.
($10,000 due yearly) to June 1, ’ 99 Total tax (per $1,000).........$11-00
5s, June, $15,000___ June 1, 1900 Population 1890 was..........25,143Total debt July 11892. $125,000 Population 1880 was------- 15,491
Sinking fund...............
17,987
IN T E R E S T on the six per cent bonds due in 1893 is payable in Mil
waukee; on all others in New York City.
B ridge—
6s, Dec.,$25,000........ Dec. 1,1899
DOOR C O U N TY.—
County seat is Sturgeon Bay.
LOANS—
Amount. Tax valuation, personal. $544,904
Railroad bonds............... $60,000 Total valuation 1892___2,395,000
Total debt Jan. 1,1*92...
60,000 Population in 1890 was. 15,682.
Tax valuation, real....... 1,850,096 Population in 1880 was. 11,645
DUNN CO UNTY.
— County seat is Menomonee.
LOANS—
When Due. Tax valuation,person’L $ l,133,650
Countv b*»uds............... $65,000 Total valuation 1892... 5,857,000
Total debt Jan. 1, 1892..
65,000 Population in 1890 was......22,664
Tax valuation, real....... 4,723,350 Population in 1880 was......16,817
EAU
C L A I R E . —J o h n
U re,
Mayor.
Eau Claire is in Eau Claire County.
LO ANS*
When Due. Jias, J&J, 30,000.........................
Bonded debt Mar. 1 ,’91.. $245,000
BRIDQH8—
25,000
6s, JAJ, $59,000.......Jan. 1, 1903 Floating debt................
0*. JAJ, 25.000.......Jan. 1, 1905 Total debt Mar. 1,1891.. 270,000
5s, JAJ, 25,000....... Jan. 1, 1907 Tax valuation, real....... 4,115,810
Tax valuation, personal. 1,584,396
Fu nd ing —
4 bp., J A J .$50,000....Jan. 1, 1909 Total valuation 1890___ 5,700,200
Total tax (per $1,000)........$25-13
Refunding —
5s, JAJ, $25,000...... Jan. 1, 1907 Population In 1890 was......17,415
Population iu 1880 was......10,119
W ater Power 78, JAJ, $40,000....... Jan. 1, 1897
IN T E R E S T Is payable In New York by the Central National Bank,
8. 8. BOWERS, Mayor.
E. D E LAN E i , Clerk.
Fond du Lac is situated in Fond du Lao County.
Valuation, etc.—
LO A NS—
When D ie.
Interest payable at MilwaukeeR efunding R.R. A id—
Nat. Exchange Bank.
6s, Apr.. $12.000......Apr. 1, 1894
$95,000
($2,000 yearly) to Apr. 1, 1899 Bouded debt Jan. 16/93.
6«, July, $21,000......July 1, 1893 Tax valuation 1892...... 3,377,020
Tax rate (per $1,000) In *90..$30*00
($3,000 yearly) to July 1, 1899
5s, Mar., $60,000) .. .Mar. 1, 1904 Population in 1890 w**3..... 12,024
sub. to call after Mar. 1, 1894 Population in 1880 was..... 13,094
F O N D DU L A C .—
GREEN
B A Y .—
H.
Mayor.
J ames
E lm o re,
Green Bay in in Brown County.
LO 4 N S—
When Due. Total debt Mar. 1,1892. $60,000
Tax valuation, real...... 1.620,514
B ridge Bonds—
5p . J& i. $13,000....... Jan. 1, 1894 Tax val nation, personal. 571,715
T »tal valuation 1891— 2,192,229
($2,000 due yearly) to Jan. 1,1900
Assessment about ^ actual value.
3
Railroad A id B onds—
6s, J&J. $45,000....... Jan. 1,1893 Total tax (per $1,000)........$30*00
($5,000 duo yearly) to Jan. 1, 1901 Population 1890 was............ 9,069
TAX3FREE—The bonds issued by this city are exempt from taxa
tion.
IN T E R E S T
the bridge bonds is payable in Green B ay; on the
railroad aid bonds in New York City.
H U D S O N C IT Y .—D. C.
F ulton,
Mayor.
Hudson is situated In St. Croix County.
LO A N S —
When Due- Total debt Mar. 1,1892.. $44,000
Tax valuation 1891........1,021,263
H igh Sc h o o l
4 Ljs, Keb.,$20,000.. Feb. 1897-1902 Assessment is \ of actual value.
Tax rate (per $1,000)....
$21'30
Water Works—
2,885
4bjs, Feb., $24,000.Feb.l,1907-’ 08 Population 1890 was---Population 1880 was—
2,298,
Interest payable In Hudson.
r A M J A N TEO T V- T T L Et. —
S 7 lL T t
5OSCAR D. ROWE, Mayor.
i M IC H AE L M URPH Y, Treasurer.
Janesville Is situated In Bock County.
LOANS—
When Due. Total debt.Tan. 1,1893... $32,500
Tax valuation, real....... 3,184.495
R ailroad A id B onds—
5«. Nov., $10,000....... Nov. 1, ’93-4 Tax valuation, personal.1,336,886
Total valuation 1892----4,521,381
School H odse B onds—
5s. Nov. 1. $15,000. .. Nov. 1,1893 Assessment is :i5 actual value.
($5,000 due yearly)....... to 1895 Stale A co. tax (per $1,000)..$5’35
City A school tax (p. $1,000).1500
B ridge B onds—
5s, 8ept. 1, $7,500...Sept. 1,1893 Population in 1890 was......10,836
($2,500 due yearly) to Sept.l, 1895 |
T A X FREE.—AH bonds are exempt from taxation.
IN T E R E S T on the railroad bonds is payable in Chicago; on all other
loans in Janesville.
E N O SH A C O U N TY.—
LOANS—
Amount.
)lroad bonds................$175,000
tal debt Jan. 1,1892.. 175,000
x valuation, real....... 6,687,358
County seat is Kenosha.
T ax valuation, pers’l . . .$1,398 ,642
Total valuation 1892... 8,086 ,000
Population in 1890 w a s ----15,581
Population in 1880 was — 13 ,550
102
STATE ftW c m QUTfltyttW.
A
5 0. M. P E T TIT, Mayor.
L J O r l / Y . — jp . W. M A TH E W 8, Clerk.
Kenosha is situated in Kenoslia County. F ive thousand dollars of
the bonds w ill bo called in July, 18u3 ; they will be the highest out
standing uumbers.
LOANS—
When Due. Total valuation 1892...$1,431,433
R eadjustment B onds—
Assessment abt. *4 actual value.
5h, J&J, $175,000.................. 1905 State tax (per $ 1 ,000)........... $2-75
Subject to call on three months’ County tax (per $1.000)....... 4*75
notice.
City tax (per $1,000).............29-50
Total debt Jan. 1,1893.. $175,000 Average school ta x ............... 8*00
T ax valuation, real....... 1,061,279 Population in 1890 w as........ 6,532
Tax valuation, personal. 370,151
IN T E R E S T is payable at the First National Bank, Milwaukee.
L A C R O S S E CO.
— County seat is L a Crosse.
_ LO ANSAmount. T ax valuation, p e rs o n 'll? ,621,664
County bonds.................. $80,000
Total valuation 1892... 13,440,000
_
Total debt Jan. 1,1892.. . 80,000 Population in 1890 was_ 38*801
Tax valuation, re a l... .10,818,336 Population iu 1880 was_ 27,073
_
L A C R O S S E —5N. C. B A C H E L L E K , Clerk.
FEED. A. COPELAND, Mayor.
J
La Crosse is in L a Crosse County.
When D
LO ANS-
B riugic Bonds—
5s, Oot., $70,000...... Oct. 1, 1909
Optional after Oct. 1, 1899
5s, J&J, $85,000....... Jan. 15,1910
Optional after Jan. 15,1900
City H all Bonds—
School B onds—(Continued—)
5s, J&D, $18,000.......lim e 15,1911
Optional after Junel5,1901
I,___ $10,000. ..
Sewer
and
W ater B onds—
5s, J&J, $10.000.......Oct. 1, 1916
Optional after Oct. 1, 1906
5s, M&S, $40,000......Mar. 16,1911
Sew r, Water & School B’ds—
Optional alter Mar. 16,1901
5s, J&J, $60,000....... July 1,1915
G reen B ay & Minn . R.R. B onds—
Optional after Jul> 1,1905
7s, M&S, $45,000...... July 15,1893
W ater B onds($15,000 ye’ ly) to July 15,1896 58, J&J, $10.000....... Sept. 1,1904
Schooi. B onds—
Optional after Sept. 1 , 1894
5s, J&J. $15.000....... Nov. 15,1903 5s, J&J, $20,000....... Oct. 1,1907
Optional after Nov. 15.1893
Optional after Oot. 1,1897
5e, A&O, $17,000...... Oct. 1,1907 5s, J&D, $25,000...... Dec. 1, 1911
Optional after Oct. 1, 1897
Outional after Dec. 1,1901
..s, ....'$25,000......... .....................
IN T E R E S T on all recent issues is paid in La Crosse; on tUe railroad
7s in New Y ork at Farmers’ Loan & Trust Company; on tile water 5s
(due 1915) in New York at State Trust Company.
T O T A L D E B T, Et c —T he total bonded debt on January 1,1893,
was $450,000; sinking fund assets, $42,014; net debt $407,986.
ASSESSED V A L U A T IO N in 1892 was $11,025,501; in 1891 real
estate w as-$8,869,402; personal property, $1,981,747; total, $10,851,149. Property is assessed at about '-3 its actual value. In 1890 the
assessed valuation of real estate was $8,865,567; o f personal property
$1,884,563; total $10,750,130. T ax rate (per $1,000) $20-00.
, P O P U L A T IO N .—The population in 1890 was 25,090; in 1880 was
14,50o.
M A D IS O N
___iW IL L IA M H. ROGERS, Mayor.
iO . S. NORSMAN, Clerk.
Madison is situated in Dane County.
LO ANS—
When D ie. Interest is payable atCity Treas'y.
R e fu n d in g B onds o f 1884—
Total debt Jan. 1, 1893. $220,700
5s, A&O, $152,500... Apr. 1, 1904 Sinking fund................
8,660
Subject to call after Apr. 1, 1894 Net debt Jan. 1, 1893 ..
212,010
Sp e c ia l I m pr o v e m e nt B onds — T ax valuation, real...... 5,403.789
6?4.M,r- $32,580....... Apr., 1894 T ax valuation, personal 1,445,] -18
L ($3,620 due yearly) to Apr., 1902 Total valuation 1892... 6,848.937
W ater B onds—
Assessment about % actual value.
5s, A&O, $32,000___Apr. 1, 1902 Total ta (per $1,000)........$20-00
Subject to call al any time.
Population ill 1890 was...... 13,429
The city’s debt must not exceed 5 per cent o f the assessed valuation.
T A X -R E C E IV A B L E C O U P O N S —The water bonds oarry taxreceivable coupons.
M A N T T D W O r
(F R E D . SC b r i t t l e , Mayor.
1VJ.XA1N 1 1 U W L J E .
) A R T H U R R E IC H E R T, Clerk.
>
TI
Manitowoc is in Manitowoc County.
_ LOANS—
When Due.
Valuation, Die.—
B r id g e B onds —
Total del>t .Tan., 1893..
$75,000
•5s, Nov., $30,000................. 1899 Tax valuation 1892___ 2,023,000
($5,000 due yearly) to 1904 Assessment from 35 to 40 per cent.
Se w e r B onds actual value.
58, ann., $10,000...................1895 Population in 1890 w as...
7,710
($2,000 due yearly) to 1899 Population iu 1880 w as...
6,367
M A N IT O W O C C Q
^ .L O A N S
Railroad bonds___
Total d. l»t Jan. 1/92.
T ax valuation, real.
— County seat is Manitowoc.
......'
-• ~~ Amount. ~Tax valuat’n person’! $2,144,401
$171,000 Total valuation 1892. 12,394,o0<>
171.000 Population in 1890 was..... 37,831
10,249,599 Population in 1880 was..... 37,505
5 A. B. IVES, Mayor.
r in e t t e
J. K. 8ETRLGHT, Clerk.
This city is in M arinette County.
Ma
LQA ^
B r id g e B onds —
Total debt Dee. 1, 1892.. $48,000
Ta y valuation, real....... 2, 2 0 0 ,0 0 0
Sf«9M
noo a’ *=*2.000...Moh. 1, 1804 Ta va uation, personal. 1. 300,000
($2,000 due y’l-ly) to Mc.k. 1, 1901 Total valuation 1892___3, HJO.000
P ark n d Cemktery—
State & Co. tax (p. $ 1,000) . 7-00
6s, Jam, $2,000......... Jan. 1,1894 «Tty ta x (per $1,000)....... .. 20 00
School Bonds—
Population in 1*9 >w as... ..11,523
....... Fell. 1, 1902 Population in 1880 w as... .. 2,750
($2,000 due y ’rly) to Feb- 1 -1«8* |
IN T E R E S T ou the bridge bonds is payable in N ew York ; on the
school bonds in M ilwaukee; on the park and ceuu-tarv loan in
Marinette.
when
M I L W A U K . E E . —P, J. S om ers , Mayor.
1his city is situated in Milwaukee County. Most of the bonds issued
by this city are subject to call at the rate of 5 per cent of the origi
nal issue yearly. Bonds called are paid on or about July 1.
LO ANS—
When D ■*.
LO ANS—
When Dnc.
B ath B » ns, 1888—
4s, J&J, $47,000.......July 1, 1903
4s, J&J, $22,000....... July 1, 1908
($3,750 called yearly.)
t»
_ ($1,250 called yearly.) 4s, J&J, $45,000........Ian. 1, 1910
B ridge B »vds, l882-’9 l- ’ 92._
($2,500 called yearly.)
As, J&J, $55,000.......July 1, 1902 5s, J&J, $90,000....... 1893 to 1911
($5,000 called yearly.)
(5 per eent retired annually.)
LO AN S—
When Due.
Bum B onds—Continue!.
5s, J&J, $100.000..... July 1, 1*93
($5,000 due y’rly) to July 1, 1912
5s, J&J, $50,000... July 1, 1893
($2,500 due y ’ rly) to J uly 1, 1912
CITY H all B ds—
4a, J&J, $54,000......Mar. 1. 1910
($3,000 called yearly.)
58, J&J, $200,000.
1893 to 1911
(5 per cent retired annually.)
5s, J&J, $200,000..... Tilly 1, 1893
($10,000 due y’rly) to July 1, 1912
U E ' e r a l Cit y B o ds, 1871-’86—
7s, J&J, $134,000.....Ian. 1, 1901
($12,100 called yearly.)
7s. J&D. $98 000.....June 1, 1896
4s, J&J, $105 ,000... .July 1, 1905
($7,500 called yearly).
4s, J&J, $113.000___ July l, 1906
($7,500 called yearly.)
I TKRCEPTING 8EWER B onds—
4s, J&J, $51,000.......July 1 1907
,
($3,000 called yearly.)
Li urary B »nds—
4s, J&J, $54,000...... Jan. 1, 1910
($3,000 called yearly.)
L ibrary & M useum B o nd s —
08, J&J, $100,000..... 1893 to 1911
(5 per cent retired annually.)
5s, J&J, $:50,000....July 1, 1893
($" ,500 due y’rlv) to July 1, 1912
M il . River D am B * ds—
4s, J&J, $45,000......July 1, 1909
($2,500 called yearly.)
Vol. LVI.
P a r k B m is , 1890-’ 9! —
4s, .J&J, $95,000.......July 1, 1910
($5,000 called yearly.)
5s. J&J, $150.000......l *93 to 1911
(5 per eeut retired annually.)
Sc h o o l B o - ds , 1887-’89-’ 9 l—
4s, J&J, $170,000___ July 1, 1907
($ 10,000 called yearly.)
48, J&J, $225,000___July 1, 1909
($12,500 called yearly.)
4 & 4 i 2 8 , $140,000.July l, 1911
V ia d u c t B o n d s , 1892—
5s, J&J,
$50,000 . .. July 1, 1911
($2,500 called yearly.)
5s, J&T, $150,000 . . . July 1, 1893
($7,500 due y ’rly) to July 1, 1912
W a t e r Bonds , 1871-90—
7s, J&J, $896,000....Jan. 1, 1902
($80,000 called yearly.)
4s, J&J, $91,000....July 1, 1903
($7,500 called yearly.)
4s, J&J, $188,000......Jan. 1, 1906
($12,500 called yearly.)
4s, J&J, $200,000... Jan. 1, 1907
($12,500 called yearly.)
4s, J&J, $450,000....Jan. 1, 1910
($25,000 called yearly.)
W a t '-r D ei*. Construction —
4s, J&J, $90,000........ Jan. 1, 1910
($5,000 called yearly.)
W a t e r W ’ k s R k f u n il , 1883-84—
4s, J&J, $90,000.......July 1, 1903
($7,500 called yearly.)
4s, J&J, $98,000.......July 1, 1904
($7,500 called yearly.)
P A R V A L U E O F B O N D S .—The bonds are m ostly for $1,000 each.
IN T E R E S T is payable in N ew York by Morton, Bliss & Co; also
In Milwaukee.
T O T A L D E B T, S IN K IN G FU ND S, E T C —The subjoined state
uient shows Milwaukee’s total municipal debt, the sinking fund held by
the city against the same and the water debt, on the 1st of January of
each o f the last three years :
1893.
1892.
1891.
$
$
$
Total bonded d e b t......................... $4,854,500 $4,100,000 $3,651,000
Sinking funds.................................
324,100
273,000
237,000
N et debt on January 1............ $4,530,400 $3,827,000 $3,414,000
Water debt.................................... $1,822,000 $1,915,000 $2,057,000
In the above statement the water debt is included in the total funded
debt and in the net debt, as w ell as being given separately below.
The sinking fund receives yearly a sum equal to 5 per cent o f the
original issue of bouds, and it is required by law that this amount o i
the debt shall be annually retired.
C IT Y P R O P E R T Y .—The city owns its water works, and received
from water rates in 1892 $310,000, against $279,521 in 1889 and
$268,827 in 1888.
ASSESSED V A L U A T IO N .—The city’s assessed valuation (about
two-thirds cash value) and ta x rate have been as follows iu the years
named:
Personal
To'l Assessed Tax Rate
Years.
Real Estate.
Property.
Val at ion. p’ r $1,000
1892............ .........$102,768,500 $21,160,500 $123,929,000 $21*88
1891............ .........
19,875,165
113,675,120
21*59
93,799,955
105,484.055
21*50
1*90............
1889............
19,819,540
100,49*.200
22*23
88,972,180
19,009,315
1*87............ .........
69,962,865
1880............ .........
41,046,373
55,875,969
14,229,596
The tax rate in 1893 includes State tax, $1-285 : county tax, $3-50
-ciiool tax, $3*35; city tax proper, $13-75; total, $21-885 per $1,000.
P O P U L A T IO N .—In 1890 population was 204,468; in 1880 it was
115,702; in 1870 it was 71,440.
M I L W A U K E E C O .—county seat is iu Milwaukee.
Bonded debt Jan. 1/92. $110,000 I Tax variation 1890.. $95,000,009
Tax valuation,real----103,495,2X3 |Population iu 1890 w a s...236,101
T ax valuation, person’l.20,704,717 |Population in 1880 w a s...138,537
T ax valuation 1892.. .124/200,000 j
N E E N A H -W
il l ia m
H. H e s s e , Mayor.
Neenah is situated in Winnebago County. A proposition to issue
$50,000 o f water works bonds has been submitted to to the Com m on
Council.
When D »e . T ax valuation, real......$1,182,883
LO ANSC'emktery B onds—
T ax valuation, personal
371.341
5s. July,
$2,000..July 1, 1893 1 otal valuation............ 1,554,224
($500 due y ’rly) to July 1. 1896
Assessment is 5 actual value.
School B onds—
Total tax (per $1,000)..
$25*00
5s, Sept. 1, $3,000..Mar. 1, 1894 Population in 1890 was___ 5,083
Population in 1880 was___ 4,202
Interest payable at Neenah.
Total debt 1891............
$19,500
T A X FREE.—A ll bonds issued by this city except cemetery bonds are
exempt from taxation.
O N X A G A M I E CO. —
LO AN S—
Amount.
County bonds................ $85,000
Total debt Jan. 1, 1892..
85,000
Total valuation, real...... 9,750,481
County seat is Appleton.
Tax valuation,personal.$1,599,51^
Total valuation 1892... 11,350,000
Population in 1890 was..... 38,690
Population in 1880 was..... 28,716
O S H K O S H . — W i l l i a m D i c h m a n n , Mayor.
Oshkosh is situated in Winnebago County.
City H alt, B onds—
LO AN SWhen D ;e.
5s, Feb. 15, $30,000................1893
is, May, $14,000...... M ay 1, 1893
($2,000 due yearly) to 1907
($7,000 due yearly) to 1894
P ark N otes—
Is, May. $2,000....... May 1, 1895 5s, Feb. $20,225................1892-’ 94
Cemetery B -nds—
R.R. B onds (Mil. L. S. & W).—
5s, Jan. 31, $3.000................ 1893 7s, Feb. 1, $75,000................. 1895
($15,000 due yearly) to 1899
($1,000 due yearly) to 1895
IN T E R E S T P A Y A B L E on railroad bonds iu New York at National
Bank o f Commerce; on cemetery, city hall and bridge loans at M adi
son, Wis., by State Treasurer; on park notes at Oshkosh.
T O T A L D E B T on March 1 , 1891, was $154,225.
ASSESSED V A L U A T IO N in 1890 of real estate was $5,023,713 ;
of personal property $2,746,473; total $7,770,190. T ax rate (per
A i.ooma B ridge B"Ni>s—
April, 1893.
MINNESOTA— DEBT Of STATE,
$1,000) *25-00. till* including State tax $1-30, county tax $3 08 and
city tax proper $20'62. Tax valuation ie Xj the actual valuation.
P O P U L A T IO N In 1890 wa* 22,836; in 1880 was 15,748.
P O R T A G E CO . —M A.
County seat is Stevens Point.
LO A N S —
When Due.
B c iu t ix c R a i l r o a d —
5^ Jau.. -2 oo,ixh >
Jan. 1,1912
Principal ami interest payable at
First Nat. Bank. Stevens Point,
W Is » o r by County Treasurer.
R o u ssea u ,
Treasurer.
103
State of Minnesota.
DEBT, RESOURCES,
E tc.
I Total debt Jan. 1, 93..
$200,000
Tux valuation 1892... 3.772.000
I True valuation......... 15,000 < * Organized as a Territory (A ct March 3.1849)
hm
j Population in 1890 was
24 7‘>.
>
Admitted as a State (A ct Feb. 26, 1857)
Population 1880 in was.
17,731
|
Toial Area of State (square miles) . . .
- March 3,1849
- May 11,1858
83,365
State C a p it a l.......................................................St. Paul
R A C IN E
C O U N T Y . — -County seat Is Racine.
Governor (term expires 1st Tuesday Jan. 1895) - Knute Nelson
LOANSAmoumt. I Tax valuat’n, person’l $3,385,387
Oounty bo ml 4
..........
Fred P. Brown
$57,000 [ Total valuation 1892.. 16,035,000 Secretary of State (1st Tuesday Jan. 1895)
Total debt Jafl. i. ’9
*.
ftT.iMH) j Population in 1890 was..... 30.26s Treasurer (1st Tuesday Jan. 1895)
Joseph Bolileter
Tax valuatiou, real
13.249,613 I Population iu 1880 was..... 30,922
Legislature meets biennially in odd years on the Tuesday
R A C I N E . — L. H. Coleman, City Clerk.
after the first Monday in January, and sessions are limited to
Racine is situated in Racine County.
ninety days.
. LO A N S —
When Due. J4s, FA A, $15.000..................1910
Alxi cstm K5T Bokds—
j hi ten*.'t.is payable at Racine.
•S, snn., $98.000— .... ........ 1912 Total debt Jan. 1 1893.. $145,000
.
BftiiMiK linsiMt, 1884—
I Tax Valuatiou. real....... 7.199,370
ss, Apr., $13.000............. .1894 i Tax valuatiou. per ouul.2,O39.630
- 8cUlH*L H o O —
sk
.Total valuation 1892___ 9,239,000
>•, anii.. 123)00....... Oct. 1, 1901 City Tax (per$1,000)......
15-20
4s, JAJ, $7,000........... --..1907 I Population in 1890 was...... 21,014
S H E B O Y G A N C O .-J . F.
County seat la Sheboygan.
LO ANS—
When Due.
Lo c k t y .B onds —
^ .........,$19.000----- May 1. 1894
$ . a*
w
}f » y 1, 1*95
' $9,000 duej early) to May 1, 1898
S H E B O Y G A N .-
M i l l e r , Clerk.
I Total debt Apr. 1,1893.
$46,000
|Tax ablution 1892___18,222,52"
j opiilutbui iu 1890 was..... 42,489
Population in 1880 wua..... 34,206
I
E
, Treasurer.
L eonard
iles
Sheboygan L. In Sheboygan County.
LO A N S
. Inlereat.— . ,
—
---------- P rin cip al.—
81n£ ? ° ,I V RP^ 8eP - Cl- l " » ubt'Whe" l>
O.Inland'u
* ? > d* ................ 5
°?
M * « Mur. 1, 1002 $5u.0tS<
Refunding twuili.................... 4>a M A N Mjiy 1. 1900 I20,(kh
do
...................
M A N May 1. 1911
28,000
IN T E R E S T on the $50,000 bund* t* payabh- by the Mutual Life In
.uranre Company, MUwaukee; on balance at Fourth National Bank
New York City.
T O T A L D E B T , E t c .—The total funded debt March 1, 1892 war
*199.500.
ASSESSED VALUATION.—In 1891 the a**e**ed valuation of real
ealate
$1,044.570; of peraonal property $845,457; total $4,890.
027. Total lax rate (per $1,000), $29 37. Property la a«»ea*ed at
about 40 per cent of Ita actual value.
P O P U L A T IO N .—The population In 1890 waa 16,359; In 1880 wa*
7.814 i i> 1870 waa 5,310.
S U P E R IO R .—
5JOHN W. SCOTT, Mayor.
c CHARLES C. HOYT, Comptroller.
Thla ally waa funned by the oonaolldatlon of the village of Superior
aod Weat Superior. It la situated In Douglaa County.
LOANSWhen Due
Special A u c e m m t Loan*—
BaiDoa B o. i *
aitmc Bo.
8TRKKT IMI’Ko VKMENT—
« ^ F * A . $50,000 ..Aug. I, 1910 6*.JAJ. $98.912.... July 1, 1896
City 1 a u . Rokini—
1
8uhject to call after July 1, 189)
6a, AAO. $25,000 ..A pr.2 1 ,1008 6*. MAN. $35,688___Nov. 1, 1896
Subject to call after A pr.21.1898
Sulject to call after Nov. 1, 1894
Fiaa Pa.*T c n .* B .ana—
6*. JAD. $6,895. . .Dec. 1, 1896
O t.F A A , $20.000 ...Aug. 1. 1910 Subject to call after Dec. 1, 1894
Sell oL Bo an*
0*. JAJ, $309,073 ...July 1, 1897
«•, JAJ. $166,000. ...June 1. 1912 Subject to call after July 1. 1895
Subject to o*U after June 1. 1897 6*. JAJ. $317,420 . ..July 1, 1898
SRwaa Born*—
Subject to call after July 1, 1896
«*. FAAJUOO.OOO ..Aug. 1. 1910
SKWKR iMIR-iVEM-rT B.IM,*—
•*.
150,000... Aug. 1. 1911 6*. JAJ. $158.493___July 1, 1897
•a, MAN, 50.000 •----- • 1. 1911
.. N ot . * *
Subject to call afterUUIJ A, 109.'
W I July 1, 1895
J
IN T E R E S T —W H E R E P A Y A B L E .—Interest is payable in New York
National Rank of the Republic.
T O T A L D E B T , E t c .—The total bonded debt July 2, 1892. was
•682.000; sinking fund, $72,134; net debt. $609,865; street and sewer
Improvement boud* are payable by special assessment; amount out
standing Jim*- 15.1892. wan $1,250,189; sinking fund. $432,302; net
amount outstanding, $817,887.
ASSESSED V A L U A T IO N Iu 1891 of real estate was $24,328,650;
personal property. $1,020,750; total. $25.349.400; In 1890 real estate
was $22,794,915; personal. $687,560; total. $23,482,475; tax rate (per
$1,000),$20. Real estate is Assessed at "about one-third Its actual
▼alue.P O P U L A T IO N .—The population in 1890 was 11.983 and in 1891
the city authorities estimated It at 21,215.
W
A U S A U —
PARCHKR, Mayor.
i H ENR Y HEIM, Treasurer.
Wansan la situated In Marathon County.
LO ANS—
Whnt Due. I Total valuation 1892.. $1,701,470
school L o a *—
I Asaessnieiit alKxit V actual value.
i
7s, Feb.. $4 000...... Feh. 15, 1895 I Mute tax (per $1.000)......... $2-23
_ w tfr w orks Honda —
< .m Mty tax (per$1.000)....... 7*75
5e. AAO, ft* ..non
Apr. 1. 1905 City tax (per $1,0n0).......... 11*88
ToUl debt Feb. 11.1893 $94,000 ! Average school tax.............. 10*55
rax valuation, real
. .1,102,V81 Population in 1890 whs........ 9,253
Tax valuation, persona! 599.189 ! Population in 1880 was....... 4,277
H IS T O R Y O F D E B T.—Minnesota may be said to have been led
into debt-making against her better judgment. In her (^institution*
adopted October 13th, 1857, very decided restrictions were inserted
against the contraction of a public debt. But as Congress had in the
very same year (March 3, 1857) passed an act making a grant o f land
to the territory of Minnesota iu alternate sections to aid iu the con
struction of certain railroads within its borders, the Constitution provlded that in ** cases where grants of land or other property shall have
“ been made to the State especially dedicated by the grant to specific
*• purposes, in such cases the State shall devote thereto the avails of
“ such grants, and may-pledge or appropriate the revenues derived
“ from such works iu aid o f their completion.’ '
That certaiuly was an absolutely innocent-looking provision. It
turned out, however, to be a ttrst step, which, being taken, suggested
and almost ensured the subsequent transactions. For it became speedily
evident that such a conservative method as the Constitution provided
| was not compatible with quick work; so iu the very next year (1858)
au amendment was passed by the Legislature, and adopted by the
people, providing for an issue of bonds to aid the companies chartered.
This was called the “ Loan Amendment;” it started railroad con
struction and o f course started bond issues also.
Wo w ill not take the space here to relate in detail the attempt of Govruor Sibley to get a priority lien on the roads as security for the
state, or the decision o f the Court against his contention, or the inabil:ty subsequently experienced to negotiate bonds, or the stoppage in
rhe issue o f the bonds by the State, or the events which led up to it
We need only say that at the close o f 1859, when the State railroad
securities outstanding had readied $2,275,000 (600,000 to the Minne
apolis < Cedar Valley Company, $600,000 to the Minnesota < Pacific
fe
fc
Railroad Company, $500,000 to the Transit Company and $575,000 tc
the Southern Minnesota Company), the manufacture of bonds stopped,
work on the roads was suspended, the companies made default in
payment of interest, the 8tate foreclosed its securities, and took posses
sion of the roads and o f the lands (nearly 5 million acres) which Con
gress bad granted for the construction o f the roads. In 180 /Minnesota
refused to recognize the State Railroad bonds and adopted an amend
ment to its Constitution to that effect; in 1881 the supreme Court of
Minnesota declared the amendment unconstitutional; the same year a
special session o f the Legislature was held, at which a law was enacted
for the adjustment of the debt; and in 1882, with the concurrence of
the holders of the old bonds, new bonds were issued in the amount of
$4 ,000,000 in full settlement o f the old debt and interest.
It is very gratifying to be able to add to the above that the State ha*
In good part paid off these old “ Minnesota State Railroad Adjustment
Bonds," as they were called, and the remainder has been refunded at
per cent. To-day the details o f Minnesota’ s debt are as given in the fol
lowing statement.
L O A N S .—
'---- Interest.— - *
---------- Principal.--------- x
NAME AND PURPOSEllair. Payable. When Due. Onlsland'g.
state funding bonds.............. 3*2 J & J July 1, 1921 $1,754,000
Subject to call after July 1 1897 (limit, $150,000 yearly.)
Of this loan $554,000 Is held in the various State funds.
Revenue and building bonds.. 4
July 1, July 1, 1897
400,000
Subject to call at any time.
IN T E R E S T on the State funding bonds is payable in New York and
on the revenue aud building bonds in St. Paul.
T O T A L D E B T.—On January 1, 1893, the total debt o f the State
was $2,154,000 (all bonded); deduct sinking fund assets, $102,266; net
debt, $2,151,734,
ASSESSED V A L U A T IO N .—The assessed valuation, total tax levied
and the rate of State tax have been as follows for the years named.
*
------------- Assessed Valuation.------------- . Total Taxes State TaxHeal.
Personal.
Total.
Levied. p. $1,000.
1892.. $540,229,875 $114,356,876 $654,649,751 $ ................
$3*20
1889.. . 463,943,397 95,418,115 559,361,512 12,243,956
9*50
1888..
455.435,915
96.536,557 551,972.472 11,530,160
9*50
1887.. .. 391,823.360 94,846.604 486,669,964 10,796,483
8*50
1885.. . 317,008,864 82,720,902 399,729,766
8,383,696
9*00
1880.. .. 203,473,037 54,581.906 258,055,543
4,191,811
900
1875.. .. 173,693,276 45,162,467 218,855.743
3,892.482
1050
1870..
67,221,348
19,912,525
87,133,673
2,783,756 25*00
1861.. ..
33,350,057
5,914,683 39.264,740
658.358 2000
D E B T L IM IT A T IO N .— Minnesota has protected the State from ex.
travagant expenditures through restrictions which its Constitution put*
on every kind of debt making. That instrument lixes the limit at $250 *
000 “ for the purpose of defraying extraordinary expenditures;” and an
amendment, ratified in 1879, extended this power to $250,000 addi
tional " f o r erecting and completing buildings for tlie insaue, a deaf,
dumb and blind asylum, and State prison." Besides the foregoing, it U
also provided that the State credit shall not bo loaned, &c. With regard
to the debt o f municipalities there is but one section in the Constitu
tion which relates to that subject, and that lias reference to making
railroad debt.
104
STfiTZ
CITY SUmEMtflT.
F IR S T , as to State indebtedness, the sections which treat of the sub
ject are in article 9, sections 5, G, 7, 8 and 14.
Section 5. ( P ublic debt may be contracted.) For the purpose of de
frayin g extraordinary expenditures, tlio State may contract public
debts, but such debts shall never, in the aggregate, exceed two hundred
and fifty thousand dollars; every such debt shall be authorized by law
for some single object, to be distinctly specified therein; and no such
law shall take effect until it shall have been passed by the vote of twothirds o f the members o f each branch o f the Legislature, to be recorded
by the yeas and nays on the journals of each House, respectively; and
every such law shall levy a tax, annually, sufficient to pay the annual
interest o f such debt, and also a tax sufficient to pay the principal o f
such debt within ten years from the ilnal passage o f such law, and shall
specially appropriate the proceeds o f such taxes to the payment o f such
principal and interest; and such appropriation and taxes shall not be
repealed, postponed, or diminished until the principal ami interest of
such debt shall have been wholly paid. The State shall never contract
any debts for works o f internal improvement, or bo a party in carrying
on'sucli works, except in cases where grants of land or other property
shall have been made to the State, especially dedicated by the grant to
specific purposes; and in such casos the State shall devote thereto the
avails or such grants, and may pledge or appropriate the revenues de
rived from such works in aid o f their completion.
Section 6.—(P u b lic debt hoiv contracted.) A ll debts authorized by the
preceding section shall be contracted by loan on State bonds of amounts
not less than live hundred dollars each, on interest, payable within ten
years after the final passage of the law authorizing such debt; and such
bonds shall not be sold by the State under par. A correct registry o f all
such bonds shall be kept by the Treasurer m numerical order, so as al
ways to exhibit the number and amount unpaid and to whom severally
made payable.
Section 7.—The State shall never contract any public debt, unless in
tim e o f war, to repel invasion or suppress insurrection, except in the
cases and in the manner provided in the fifth and sixth sections of this
article.
Section 8.—(A p p rop ria tion o f money received from loan or State
bonds.) The money arising from any loan made, or debt or liability con
tracted, shall be applied to the object specified in the act authorizing
such debt or liability, or to the repayment of such debt or liability,and
to no other purpose whatever.
Section 14 .—(State debt f o r public buildings). For the purpose of
erecting and completing buildings for a hospital for the insane, a deaf,
dumb and blind asylum, and State prison, the Legislature may by law
increase the public debt of the State to an amount not exceeding two
hundred and fifty thousand dollars, in addition to the public debt al
ready heretofore authorized by the Constitution, and for that purpose
may provide by law for issuing and negotiating the bonds o f the State
and appropriate the money only for the pmposc aforesaid; which bonds
shall be payable in not less than ten nor more than thirty years from
the date of the same, at the option of the State.
SECOND, as to city, county or other m unicipality, the only restriction
on the debt-making power in the Constitution is the following, found in
article 9, section 15.
Section 14.—( M un icip a l debts in aid o f railroads). The Legisla
ture shall not authorize any county, township, city or other municipal
corporation to issue bonds or to become indebted in any manner to aid
in the construction or equipment of any or all railroads to an amount
that shall exceed five per centum of the value of the taxable property
within such county, township, city, or other municipal corporation; the
amount of such taxable property to be ascertained and determined by
the last assessment of said property made for the purpose of State and
county taxation previous to the incurring o f such indebtedness.
The foregoing was adopted as an amendment in 1879. Before its
adoption the section read so as to authorize municipal corporations to
Issue bonds in aid o f railroads to ten p er cent of valuation. Hence the
amendment consisted in simply changing the word ten and making it
Hve.
This is all the Constitution contains with reference to the debts o f
municipalities. The Legislature, however, has made some general pro
visions governing bond issues.
First, respecting cities, there is the general power granted the
common council of any city to borrow money to pay any city indebted
ness, and to issue therefor city bonds bearing interest not to exceed 10
per cent and redeemable within ten years. The restrictions a re : (1)
That ordinances must be passed by the affirmative vote o f a m aiority of
the common council, signed by the Mayor, and published in the official
city newspapers and recorded after proof of publication. (2) A t no time
can such indebtedness, bonded or otherwise, exceed $15,000 unless the
same be authorized by a two-thirds vote at the election held for such pur
poses. (3) The council shall each and every year levy a ta x o f one mill
on the dollar for each one thousand dollars o f bonds issued by the said
city to pay the interest and to create a sinking fund to pay the bonds at
maturity. The foregoing is foimd in chapter 10, section 168, of the
General Statutes of Minnesota, vol. 1., page 196, edition of 1888.
Second, and f urther as to cities, the common council is authorized to
issue bonds and levy taxes exceeding the amount authorized by other
sections of this a c t; provided tho same be authorized by the majority of
voters present and voting at an election to be held for that purpose.
The time, place and manner of holding such election to bo prescribed by
the common council, the Same notice to be given as at other elections.
A nd no bonds f o r any purpose shall be issued unless so authorised.
The foregoing is the latter half o f section 171, chapter 10, Statutes of
Minnesota, vol. 1, page 197. The last sentence which w e have italicised
would, on its face, appear to take away the right of the common council
to issue even $15,000 of bonds (without an election) as authorized by
previous section 168 cited above. This idea also seems to find confirm
ation in section 170, last clause, which reads that “ no debt shall be
" incurred or created by tho city, the common council or any otficei of
44 the city except pursuant to the authority herein expressly given for
At that purpose.
Third, through the board o f supervisors, towns can issue bonds as
directed by two-thirds o f all legal voters voting at a legally called town
meeting held for that purpose, payable in such amounts and at such
times, not exceeding six years from date, as two-thirds o f voters deter
mine. For further particulars respecting these issues, see section 114.
chapter 10, Statutes o f Minnesota, volume 1, page 182. A follow ing
section (section 116), makes it the duty of the supervisors on or before
the first of September next after the date of said bonds, and each and
every year thereafter until the payment o f said bonds, to levy a tax
“ equal to the amount of principal and interest maturing the year next
after such levy,” and in the discretion of said supervisors such further
sum as they deem expedient, not exceeding tw enty per cent o f such
Vol. LVI.
maturing bonds, which taxes shall constitute a fund for the payment
of said bonds.
Fourth, The trustees or board o f education of any School district
may issue School bonds of their respective districts in such amount and
of such length as to payment, not exceeding ten years, as two-thirds of
the voters voting at any legally-called meeting shall direct. For further
particulars respecting these bonds see section 26, chapter 36, o f the
Statutes o f Minnesota, volume 1, page 472. In section 28, same page,
are provisions for levying a tax for the payment of bonds quite similar to
the provisions with reference to the payment of town bonds cited above.
Fifth, with respect to all school bonds, see section 5, article V III.,
of tho Constitution o f Minnesota, which authorizes the loaning o f the
Permanent School Funds upon interest at the rate o f 5 per cent to the
several counties and school districts, to be used in the erection of
county or school buildings.
Sixth, as to the creating o f county debt, there is no general author
ization, the issues when made being under special acts. Of course
ra ilroa d aid bonds” are provided for by statute for county, cities,
and all other municipalities. See, for the law on that subject, section
92, &c., chapter 34, Statutes of Minnesota, vol. I., page 388, &c. So,
also, the borrowing from the Permanent School Funds under the above
cited section of the Constitution (section 5, article V III.) is provided
for by section 84, chapter 36, Statutes o f Minnesota, vol. II., page 448.
There is likewise a general statute for the issue of “ motor road bonds”
by the county, the particulars respecting which w ill be found in section
132, chapter 13, o f Statutes of Minnesota, vol. I., page 277.
General statutory lim itation, applying to all municipalities. Debts
of oities, counties, towns, &c., are void if entailing taxation beyond
the rate fixed by law. See section 114, chapter 11, Statutes o f Minne
sota, vol. I., page 243. Of course this section does not apply where the
law authorizes increased taxation, as, for instance, when a majority o f
the legal voters so direct; such authorization and action bring the case
under the exception contained in the section, which is that the act is
unlawful “ unless specially and expressly authorized by law.”
A N E W B IL L .—A synopsis o f the new bill which was agreed upon
at a meeting of the coiporation attorneys of Minnesota cities and p re
sented to the Legislature this year is given below:
Section 1 grants to all cities that may be hereafter organized within
tho State of Minnesota the righ t and power t " issue permanent im
provement fund bonds, bridge and tunnel bonds, water and light, bonds,
and general fund bonds, aud soecities the purposes for which such
bonds may be issued. Section 2 provides that no city in this State shall
at any tim e bo authorized to issue bonds for any purpose in excess o f 5
per cent o f the assessed valuation o f the taxable property of such city
according to the last preceding assessment. Provided, that when
bonds are issued for the purchase, refunding or payment o f other
bonds of such city, these bonds shall not be considered a part of the
bonds on which any city may be liable for the purpose o f determining
whether the bonds so issuer w ill increase the bonded indebtedness of
any city above the lim it prescribed by this act Provided, that all
bonds issued by any city within this State, for tunneling, any water,
shall not be considered as forming a part o f the indebtedness o f any
city within the 5 per cent limit. A ll sums of money realized from the
sale of city bonds shall be applied to the purpose for which they are
issued and no other, and such purpose shall be distinctly stated in the
resolution or ordinance authorizing their issue. Common councils may
by a three-fourths vote authorize the issue o f bonds within the 5 per
cent lim it without submitting the matter to popular vote. Bonds
shall not be issued without a thre^-fourths vote o f the council unless
the city at a gneeral or special electiou casts a majority vote for the
issuance of such bonds. Section 3 provides that bonds on an additional
5 per cent of the valuation may be issued for the purposes before
stated, if a m ajority o f the legal voters of the city vote in favor of
such issue. The manner of oalling elections and voting on bonds is
specified in this section. Section 4 provides that all bonds authoriz d
by this act shall run not more than thirty years from the date o f their
issuauce, bearing interest at not more than 5 per cent per annum, prin
cipal and interest payable at such time and place as may be fixed by
the common council of any city; they shall be sold at not less than
par value and accrued interest to the highest responsible bidder,
after notice published once in each week for three successive weeks
in a daily paper, if one there b e; if not, then in a weekly paper in
the city where such bonds are to be advertised, and also in a daily
paper published in St. Paul.
P O P U L A T IO N O F S T A T E .—Minnesota furnishes a typical illus
tration of the striking w ay in which the section of country popularly
known as the Northwest has been grow ing in population—aud that o f
course means in wealth and in power—during the brief space o f tw o or
three decades. I t was not till 1849 that Minnesota was organized as a
Territory, and the Census o f 1850 gave it a population o f only 6,077.
The decade between 1850 and 1860 witnessed a v ery considerable
development, tho numbers at the latter date having risen to 172,023
and the people in the meantime (1857-1858) having been granted the
right to form a State Government and gained admission into the Union.
But that was simply the beginning of a still more remarkable expansion
to come.
1890............1,301.826 |1870...............439,706 I 1850................
6,077
1880...............780,773 |1860...............172,023 |
In 1860-70 the addition to population was 267,683, or 155*61 per
cent; in 1870-80, 341,067, or 77*57 per cent; and in 1880-90, 521,053*
or 66*74 per cent.
B A N K S - S T A T E , N A T IO N A L A N D S A V IN G S IN S T IT U T IO N S .
—While national and State banks have both been increasing in
number and extent of their operations, the State institutions, as has
been the case in so many other Western States, have been multiplying in
a really noteworthy way. Since 1885 tho national banks have increased
from 48 to 72, but the State banks have increased from 34 to 126, and
thus are now much more numerous than the others. Capital of the na
tional banks has risen from l l k i millions to 16 millions, but that o f the
State banks is up from 37 to 9kj millions, and while deposits o f the
s
national banks have advanced from 1958 to 36 millions, those of the
State banks have been enlarged from 8*3 to nearly 28 million dollars.
,
------------ 1892.------------ s ,------------1885.------------ x
National.
State.
National.
State.
(June 30.)
(Dec. 9, ’92.) (Dec. 9, ’ 92.) (Dec. 24.)
M innesota .
126
34
72
126
No. o f banks...........
C apital.................. $15,976,220 $9,436,000 $11,340,000 $3,854,500
3,537,429
859.039
3,188,917
Surplus and profits. 6,381.403
19,639,218
8,310,120
Deposits, individT.. 36,139,691 27,907,659
April, 1893.
MINNESOTA—CITIES ANH TOWNS,
105
It ia interesting to note that State and national institutions combined
C R O W W I N G CO. —Coimty seat is Brainerd.
at latent > it*ts held over 61 million dollars o f deposits, as against no^
1
Bonded debt (last returns) .$99,000 Tax valuation, real...... $1,720,803
quit.
miiii.m dollars iu 1835, capital now being 25L million dollars, Floating debt..................... 9,827 Tax valuat’ n, personal.
3
450,072
826 Total valuation 1891... 2,170,875
against .» • it 151 million dollars. There were also on July 3 1 ,1892, Sinking fund.....................
>
*
nine loan and trust companies, but although the Public Examiner Net debt..............................108,000 Population in 1890 was....... 8,852
that the law relating to the character of business which these in
stitutions may transact is very indefinite and that the companies appear n T T T T T T T - T
5C. d’ANTREM ONT, Mayor.
to have almost unlimited banking privileges, their total deposits amount l - ' U L U 1 r T .— \ \y. g . TEN BROOK, Comptroller.
Duluth is in St. Louis County—which see.
to only £-,196,070. Their capital was £11,570,936 and the surplus and
When Due.
P a r k B ondsLO AN Sundivided profits, £540,773. As to the savings banks there were
Old Cit y Bonds48, J&J, $70,000....... July 1,192®
thirteen of these July 12, 1892. and they had 35,123 depositors and 78, J&J, $1,900............. Past due. 4s, J&J, 242,000.......Jan. 1, 1921
£8,786,879 deposits.
7«. J&J, 14,500.........July 1, 1893
R efunding Bonds—
1892.
1885.
1880.
1875.
General F und Bonds—
6s. J&J, 138,250....Jan. 1, 1908
Ipgfaflf Jttsla.
(July 12.)
(June 30.)
(Dee.)
6s, MAN,$200,000 .May 1, 1893
V illage Sewer Bonds—
Kumher of banks .........
25,000....July 1, 1902
13
6
. .. .
4
5s, J&J. 100,000.. July 1, 1907 5s, J&J.
N u in '.r of depositor*
................
'400 5s, M&N, 100,000..Nov. 1, 1912 ($5,000 due yearly) to July 1, 1906
....
Lakeside Bonds.
5s, M&S, 185,000.. Sept. 1, 1918
General F und—
Surplus and profits ___
244,968
152,181 ................
5,154 4has, J&J, 100,000..Jan. 1, 1920
850
272 .............
207 4*28, M&NT, 100,000..Nov. 1, 1922 6s, J&J, $85,000......July 1, 1901
P ermanent I mprovement-
" Estimated.
As against £8,786.879 savings deposits now, the amount June 30
1935 was but £3,195,926.
C it ie s ,
C o u n t ie s a n d T o w n s
IX TUB
STATE OF MINNESOTA.
A T o r D T
T p a
VW. G. K E L L A R . Mayor.
A L D I L r Y 1 L - C - A . — /CH ARLES BRIGGS, Clerk.
Albert Lea is situated In Freeborn County. The debt as below given
include* the debt o f the township and the school districts. The railroad
aid 7* due In 1899 are to l»e called for payment and refunded at a lower
rate o f Interest.
LOANS—
When Due. JTotal debt Jan. 1/93, abt. $95,000
R ailroad A id B o n a —
T ax valuation, real......... 656,256
7*. J&J, £40,000....... Dec. 1, 1899 j Tax valuation, personal.. 236,583
Subject to trail I anj time*
Total valuation 1892...... 892,839
*
7. ) . ~
1,1907 A ssessment is *a actual value.
state tax (per $1.000).......... £2*60
8c*P.*«»L D is t r ic t Bonds —
64. J&J, £15.000 ... Aln»ut 1897 County tax (per £1.000)....... 3 00
City tax (per £1,000).............1100
City W aTRR B onds —
.. ....£20.000........... ........... Average school tax............... 8 20
Floating debt, About........ £5,000 Population in 1890 was........ 3.305
BondM debt Jan. 1. 1393.. 90.000 Population in 1880 was........ 1,966
6*.
County.
| Water Bonds—
I O , MAN. £25.000. ...N or. 1,1902
h
Bonded debt Mch. 1891....£71,000
M , 6,000 ... Sept. 6. 1896 Tax valuation, real.......... 565,463
,V.H
«j*. M&s, 10.000
Mar. 1. 1909 Tax valuation, personal... 193,015
R a il r o a d a id Bond *—
*
Total valuation 1890....... 758,478
6*. M a N £16.000. ... Nov. 1, 1904 [ Total tax (per £1.000)...... $41 *30
\
1Punulatinu in 1890 was.,.. 3.901
IN T E R E S T on city 6« due 1909 and water 6s due 1902 Is payable in
New Y<»rk by the American Exchange National Bank; on railroad 6*
due 1904 In New York by Fanners’ Loan & Trust Company; on other
loan* in Austin.
B E C K E R C O U N T Y . —M.
B lew ett,
Treas.
County acAt t» Detroit City.
Tax valuation, real
£1,359.341
Bonn*— I Tnx valuation, personal
101,077
7 - Ju
*22.000. Jau. 1, 1904 Total valuation 1391... 1,792,853
F i nding B- »m h *
—
Assessment about *3 actual value.
6«. Mar 15. £25.000 Mar. 15, 1907 HtAtc tax (per £1.000)........... $3*00
6*! Jnii#* 15, 16.000 Mar. 28,1909 I County tax (per £1,000)........ 11-40
6
!
000 May 15.1911 A verajre *©h«»«*i tax .............13*10
Total U *t Mar. 1 1892.. .£78,000 I Population in 1890 was........9,401
INTEREST on the 7 per cent bond* 1* payable by the Corbin Bank
ing Co., New York City - on all other loans at the County Treasury.
.
When p u r.
S WERNER HEM STEAD. Mayor.
“ ‘ GEORGE D. LA BAR, Treasurer.
/
Brainerd Ii In Crow Wing County.
Brainerd 1* ti
B R A IN E R D ., LOANS—
When Due. | Skwek Bonds—
6*. A&O, £15,000..... Apr. 1, 1907
Elmdo s Bowi
'.
\A* > £25.ihs » ..Oct. 1,1397 Bonded debt-Jan. 1,1893 £115,000
.
E li tRir L ig ht Botua—
1Floating debt..................
12,000
1. I'.MM
i
II. 1. 1393 . 127,000
»0
Mar. 1,1909 1
on, real...... 1,281,229
Firs P m uitw i >r Boxd *—
Tax valuation, personal. 326,229
Jan 1,18941Total valuation 1891
.1,607,458
B1.000)....... £31*00
J&D, £10,000 ...Dec. 1, 1895 | Population in 1890 was.......5,703
IN T E R E S T on the Fire Department bonds I* payable In 8t. Paul; on
the bridge and sewer bond* in Brainerd; on the electric light and Jail
bond* In New York Ctty.
C L A Y C O U N T Y .—
County seat is Moorhead.
LO A N S .—
,rh ' n
I Floating debt................. *33,887
i .11 RT H. i sit A J a ii . Bo m « — j Total debt.....................
o'2„7
7 *. P w . 1 , * 10 .0 0 0 . 1* 0. 1 ,19071Atman* fond. . . . . . . . . —
-i.viii
6*. Apr Pi. 02.000 Apr. 16. 1003 Not debt July 1.1*91.... 13|,o.i«
t i U 'W , t!..vr>s~
I Tax valuation. real ......2,887,228
«*. A .i■•
>.ooo
Apr. 1, 1900 i Tax valuation. |s-rsnnal
873.1SZ
| * » M t on T. at First Vat. Hank. Total valuation 1*91. ..3,700.380
Moori,.-ad.
other loan. Third j Assessment a ^ u M , actual value.
Nat Bank, New York City.
Total lav per *1,000 about..$-.6 00
Bonded debt ini j I l-'O
M > Population iu 1890 w a s ---- 11,517
H
•
IN T E R E S T on the Lakeside town hall bonds is payable in Duluth;
on all others in New York.
T O T A L D E B T, Etc .—The subjoined statement shows Duluth’ s
total bonded debt, and the total floating debt, on the 15tli of February
1893 and 1892 and on the 1st of September 1891.
1893.
1S92.
1891.
Total funded debt Sept. 1.............$1,464,650 $1,276,650 $1,278,650
F lo a tin g d eb t...................................
100,000
250,000
2,082
The sinking fund held by the city on Feb. 15, 1893, was $13,821.
The $138,250 of 6 per cent refunding bonds are not strictly a liability
of the city, as they were issued by the village of Duluth under a special
Act o f the Legislature which provides that the County Commissioners
of St. Louis County shall levy a special tax to pay the interest on them
and provide a sinking fund to meet them at maturity.
D E BT L IM IT A T IO N .—The city’s debt is limited by its charter to 5
per cent o f the assessed valuation.
ASSESSED V A L U A T IO N .—The city’s assessed valuation (“ about
fifty per cent cash w in e ” ) and tax rate have been as follows :
Assessed Tax Bate
Personal
Heal
Val uation, per $1,000.
Property.
Tears.
Estate.
$34,668,843
$24-60
$5,115,656
1892.....................$29,553,187
26,784,710
25-90
4,567,321
1891.................... 22,217,398
23,766,653
4,381,100
1390.................... 19,385,553
22,047,322
1889..................................
Tax rate In 1890 includes State Tax, $3 00; county ta x $12 20; city
tax proper $10-70.
P O P U L A T IO N .—In 1890 population was 33,115; in 1880 it was 838.
DULUTH SCHOOL DISTRICT.— A .
Secretary of Board of Education.
A U S T I N . — M. Becker, City Clerk.
Till* is the county seat of Mower
LOANS—
When Due.
effT
6V|», July, £6,000.__July 1, 1*93
T own H all —
58, J&J, $100,000... .July 1, 1907 7s, J&D, $3,000......Dec. 1, 1895
L e R ic h s e x ,
The boundaries of this District are coincident with those of the city of
Duluth and the village o f West Duluth.
$574,000
LO A N S —
When Due. Total debt Jan. 1 ,1$93.
Sinking funds............
31,906
B uilding B onds—
Net debt Jan. 1. 1893.
542,094
6s, J&J, $12,000.......Jan. 2, 1S95
(is. M&N, 20,000.......May 1, 1903 Tax valuation, real.... 37,383,567
.May 1, 1909 Tax valuation, pers’l.. 5,410,734
*8, MAN. 12.000
15.000
.July 1, 1905 Total valuation 1893. 12,794,301
5s, J&J,
15.000
.July 1,1906 Real value (estimated).100,000,000
5s, J&J,
.Nov. 1, 1913 State tax (per $1,000).......... $3 60
M&N, 50.000
5s, M&S, 100,000____ Sept. 1, 1922 County tax (per $1,000)....... 2-60
5s, F&A. 200.000.......Aug. 1,1921 City tax (per $1,000)............ 11-90
4 ‘ jh,J&J,150,000..... Jan. 1, 1921 Average school tax............... 7"90
Interest at Am. Ex. Nat. Bk,N.Y. Population 1890 (est.)........ 45,000
t < * t— 1 r-> a r T r np
—
>
5D ONALD GRANT, Mayor.
F A K I d A U L I .— (A . H. HATCH, Treasurer.
| Faribault is In Rice County.
Valuation, die.
1 LO A N S .—
When Due.
HR. bonds, £40,000..part each year Tax valuation 1890----$1,700,000
Tax rate (per $1,000)...
29 50
! School b’ds. 20,000..
do
do
6,524
Total debt Feb. 1, 1892.. . .$60,000 Population in 1890 was.
FERGUS
F A L L S . —A. B.
Cole,
Mayor.
Fergus Falls is in Otter Tail County.
,
LO A N S .—
when Due. Total debt Jan. 1 1893.. $66,000
Tax valuation, real....... 694,237
Building and I mp. Bonds—
(i* F & A, £26,000...Aug. 1, 1912 Tax valuation, personal. 313,013
.Subject to call after Aug. 1, 1902 Total valuation 1890.... 1,007,250
Tax rate (per $1,000) inc.
City H all , &c., Bonds—
25-50
State and County tax.
6s A & O, $30,000 .Oct. 17,1908
3,772
Population in 1890 was .
P ermanent I m p . B onds—
1,635
6s M & N, $10,000...May 1, 1903 Population in 1880 w a s.
Subject to call after May 1 1898.
H A S T I N G S . —R. C. L ib b y , Mayor.
Hastings is in Dakota Comity.
Bonded debt (last returns).$01,500 I Population in 1890 was....... 3,705
The eity lias no floating debt.
I Population m 1880 was....... 3,809
H E N N E P I N CO.
T. J. B u x t o n , Treasurer.
County seat is Minneapolis.
Bonded delit Apr.1,'93.
$875,000
LOANS
w’he" D " e4,465
Ct. H ouse & City H a u , B’ds— Floating debt.............
Total debt Apr. 1, '93.
879,465
4>-,s, J&J, $335,000 ..July 1, 1917
4 'o s , J&J, 315.000 ..July 1, 1921 Sinking fund..............
839,465
4s,
J&.T, 100,000 ..Jan. 1,1917 Net debt Apr. 1, 1893.
Bridge B onds—
___ Tax valuation,real--- 133,153,513
Tax valuation, pers’l . . 19,723,606
4‘ os, M&S, $7 5 ,000...Sept. 1, 1917
4i,js, M&S. 35,000.. .Sept. 1, 1919 Total valuation 1892..152,877,119
Assessment about -r, actual value.
OTHKH BONDS—
4%s, J&D, $15,000...Dec. 1,1919 Average tax (per $1,000).. .$22'00
Int.paidby Nat. Park Bk.,N.Y.Clty. Population 1890 was....... 185,294
Population 1880 was....... 67,013
T A X FREE.—A ll of the bonds issued by this county are exempt
from taxation.
IN T E R E S T is payable by the National Park Bank, New Y ork City.
106
STATE
CITY SUTHEME^JT,
M A N K A T O .— John
A . W i l l a r d , Mayor.
Mankato is situated in Blue Earth County.
W ater W orks B onds—
LO A N S —
When Due.
B ridge B onds—
7^38, F&A, $15,000...Aug. 1, 1899
5s, A AO, $8,000........Oot, 1, 1899 Os, J&J, 12,000... Jan. 1, 1900
5s, MA8, 7,000....... Mar. 1, 1910 5s, M&N, 20,000...M ay 1, 1908
P ark B onds—
5s, M AN, 40,000...Nov. 1, 1909
6s, MAS, $15,000......Sept. 1, 1907 Bonded del»t(last, returns) $211,500
Railroad A id B onds—
Water debt (included)...
87,000
7sf A AO, $81,000......Oct, 31, 1894 T ax valuation, real, abt.3,000,000
5s, JAJ, $3,500......Jan. 1, 1907 T ax valuation, personal. 1,000,000
Sewer B onds—
Total valuation 1890 abt.4,000,000
5s, MAS, $10,000...... S ep t.l, 1907 Population in 1890 w as........8,838
IN T E R E S T is payable in N ew York City and Mankato.
M A R IN E . —
Marine is situated in Washington County.
Valuation, etc.—
When Due.
W ater works —
Bonded debt(last return). $38,000
6s, MAS, $20,000.................... 1893 Sinking fund assets.........
1,448
($2,000 due yearly)
to 1902 T ax valuation 1891........ 561,170
6s, MAS, $10,500.................... 1903 Total tax (p. $1,000) 1890
64-50
($1,500 due yearly)
to 1909 County tax (included)___
36 00
6s, MAS, $3,500......................1909 Population in 1890 was..
1,687
($500 due yearly.)
to 1915 Population in 1880 w a s..
1,467
LO AN S
M I L L E L A C S CO.—R. M.
N eely,
Treasurer.
County seat is Princeton.
L O A N S .—
When Due.
T ax valuation, re a l...... $1,336,012
T ax valuation, personal. 199,14L
Total vain ttion 1892.... 1,535,153
R ailroad B onds :
Assessment is ^ actual value.
5s, July, $47,000....... July 1,1906 State tax (per $1,000)........... $2-60
Inter©-1 is payable in St. Paul.
County tax (per $1,000)........ 13*80
Total debt Feb. 1,1893.. $66,253 Average school ta x ............... 7*00
Sinking fund..................
14,125 Population in 1890 w as........2,845
N et debt Feb. 1, 1893,... $52,128 Population in 1880 was........1,501
Interest is payable.at St. Paul.
Vol. LVL
C IT Y P R O P E R T Y .—The city's property January 1, 1893, was
valued at $18,512,330. The receipts from water in 1892 were $193,431; current expenses for water works, $93,322.
V A L U A T IO N A N D IN D E B T E D N E S S .—The city’s assessed valua
tion (property being assessed about ‘a o f its actual value) tax rate and
bonded debt bave been as fo llo w s :
Tax 7 ale. Total Bonded
Tears.
Tax Tolnation. p er $1,000.
Debt.
1892.........................................$139,984,926
$23 00
$7,462,000
1891........................................ 138,444,562
23 10
7,540,500
1890........................................ 136.944,372
19 30
7,080,500
1889....................................... 127,101,861
2140
6,486,500
1888........................................ 126,139,886
19 20
4,824,500
1885........................................ 77,468,267
19 60
2,461,000
1882........................................ 40,702,044
19 50
1879........................................
23,415,733
14 50
1,101,000
T b e ta x rate in 1892 included city tax, $16 40; State tax, $2 60;
county ta x $2 00 and school tax $2 00. The total ta x le vy of 1892
was $2,464,195, of whicli $348,364 was for interest on debt and
$172,689 for sinking fund.
P O P U L A T IO N .—In 1890 population was 164,738; in 1880 It was
46,887, in 1870 It was 13,066.
M O R R I S O N CO. —
County se t isLittle Falls.
a
Bonded debt (last re turns).$65,000 Total valuation 1891...$2,707,869
T ax valuation, real........2,319,069 Population in 1890 was..... 13,325
T ax valuation, personal. 388,800 Population in 1880 w as..... 5,875
Court H ouse B onds :
5s, July 1, $19,000....July 1,1898
M I N N E A P O L IS .— I SOLON ARM STRONG, Comptroller
„
C
Minneapolis is situated in Hennepin County, and is responsible for
more than nlne-tentlis o f the county debt, which In 1893 amounted to
$879,465. The details o f the oity’s outstanding bonds are as follows :
LO AN S—
When Due.
LO ANS—
When Due.
B ridge B onds—
8s, F& A , $20,000. Feb. 2, 1894
8s, M&N,
50,000.M ay 1, 1905
4126, A&O, ' 76,000. Apr. 1, 1912
Subject to call a lter April. 1902
4s, J&J, $110,000..! uly 1 , 1915
4s, F&A, 390,000.Feb. 15, 1917
4s, M&S,
30,000.M ar.l5,1919
Ci t y H a l l , etc.—
8s, F&A, $50,000...Feb. 2, 1894
4%s, J&J, 250,000...July 1, 1917
4128, J&J, 250,000...July 1, 1921
4128, J&J, 50,000...Jan. 1, 1922
4s, J&J, 200,000...Jan. 1, 1920
P ermanent I mprovements—
4*23, J&J, $40,000..July 1, 1908
413s, A&O, 165,000..Apr. 1, 1912
Subject to call after Apr. 1, 1902
13s, A&O, 134,000..Apr. 2, 1913
413s, J&J, 45,000..July 2, 1913
413s, M&S, 75,000.. Mar. 15,1914
4138, M&N, 270,000..M ay 1, 1915
4s, J&J,
35,000..July 15,1916
4s, A&O, 320,000..Apr. 1, 1917
4s, F&A, 100,000.. Aug. 15,1917
4s, J&D,
50,000..Dec. 1, 1917
4s, M&S, 170,000.. Mar. 15.1919
4s, M&N, 125,000.. M ay 15,1919
F ire D epartment—
4s, J&D, 100,000.. June 29,1919
4s, J&D, $15,000....June 13, 1920 4s, J&J, 55,000..Jan. 15,1920
G eneral P urposes—
4s, J&J, 187,000..July 1, 1922
7s, J&J, $20,000...... July 1, 1902
P erm. I mp. R ev. F und—
L ibrary F und413s, J&J,$245,000...July 1, 1921
41®*, J&D, $60,000...Dec. 1, 1915 4s, A&O, 150,000.... Apr. 1, 1917
4s^ J&D, 40,000...Dec. 15,1916 4s, F&A, 155,000....Aug. 1, 1918
4s, J&D, 50,000....Dec. 15,1918
413s, J&J, $200,000..June30,1913 4s, F& A, 100,000....Feb. 1. 1919
4-ss, J&J, 100,000.. Jan. 1, 1914 4s, M&N, 50,000....M a y 15,1919
412s, J&J, 223,000.. July 1, 1914 4s, J&J, 250,000....Jan. 15,1920
4s, M&N, 100,000..May 1, 1919 7s, J&J, $25,000...July 1, 1896
4s, M&N, 65,000..Nov. 1, 1919 7s, J&J, 25,000... July 1, 1902
4s, A&O, 40,000..Apr. 30,1922 413s, J&J, 50,000...July 1, 1906
R ailroad A id B onds—
4s, F&A, 90,000...Aug. 1, 1918
7s, M&S, $31,000....S e p t.l, 1897
V iaducts, eto. 7s, M&N, 94.000....Nov. 15,1907 4J2s , M&S, $100,000.Mar. 15,1914
7s, M&N, 125,000... .Nov. 1, 1901
W aterworks —
Schools—
8s, F & A ,$60,000...Feb. 2, 1899
6s, J&J,
40,000...July 1, 1899 8s, J&J, 25,000... July 1, 1900
5s, A&O, 22,000...Apr. 1, 1893 7s, J&J, 40,000... July 1, 1902
4s, J&J, 80,000... July 1, 1915 4kjs, A&O, 125,000...Apr. 1, 1912
4s, A&O, 50,000...Oct. 15,1917
Subject to call after Apr. 1, 1902
4s, M&N, 125,000.. .May 15,1919 413s, J&J, 280,000...July 2, 1913
4s, A&O, 75,000...Oct. 15,1919 413s, M&N, 30,000...M ay 1, 1915
4s, J&J, 50,000...Jan. 15,1920 4s, J&J, 120,000... July 15,1916
Sew ers_
4s, A&O, 330,000... Apr. 1, 1917
8s, J&J, $15,000.July 1, 1900 4s, F&A, 170,000... Aug. 1, 1918
4s, M&N, 75,000..Nov. 1, 1919 4s, J&J, 50,000... Jab. 15,1920
4s, J&J,
50,000..Jan. 1, 1921
O T T E R T A I L C O U N T Y .-H .
Treas.
N elso n,
County seat is Fergus Falls. A ll bonds issued by this oounty are
exempt from taxation.
LOANS—
When Due. I Floating d eb t.................
$2,162
R ailroad B onds—
|Total debt....................... 235,631
6s, July, $200,000......July 1,1900 |Sinking fund...................
16,889
Subject to call at any time.
Net debt Jan. 2 ,1 8 9 2 .... 218,742
J a il B onds—
I T ax valuation, r e a l....... 5,066,334
6s, M&N, $30,000...... May 1,1905 I T ax valuation, personal. 1,141,390
Interest on 3s at State Treasury; |Total valuation 1891 — 6,207,724
on others in New York City.
I State & co. tax per $1,000
$12-80
Bonded debt Jan. 2,1892. $233,469 |Population in 1890 was......34,222
P IP E S T O N E . — J. R.
Ca r s o n ,
Mayer.
Pipestone is situated in Pipestone County.
Valuation, etc.—
LOANS—
When Due.
Total debt (last returns). $25,006
R ailroad A id T ax valuation 1890......... 471,971
78, J&J, $5,000...................... 1903
Total ta x rate (per $1,000) $33-00
W ater W orksO , J&J, $20,000.....................1908 Population 1890 was............ 1,232
s
P O LK COUNTY.—
Total debt (last returns).$113,500
Debt per capita...............
$3*76
Total debt........................ 24,639
T ax valuation, re a l........ 4,973,486
County seat is Crookston.
T ax valuation,personal, $1,470,924
Total valuation 1891... 6,444,410
Population in 1890 was...... 30,192
Population in 1880 w a s .....11,433.
P O P E C O U N T Y .—M. G.
County seat is Glenwood.
LO ANS—
When Due.
R ailro *d B onds-
88, July, $65,000...... July 1,1906
Tnt. payable at St. Paul, Minn.
Total debt Jan. 26, 1893. $65,000
Tax valuation, re a l....... 1,984,672
R ig g ,
Treasurer,
T ax valuation, personal, $550,468
Total valuation 1892— 2,535,140
Assessment is *3 actual value.
8 tatetax (per $1,000)...
$3-00
C »unty tax (per $1,000).
7*00
Population in 1890 w as...... 10,032
R A M S E Y C O U N T Y .—A. N.
Treas.
N elso n,
Ramsey County includes the C ity of St. Paul (whieli Is the county
seat), its assessed valuation being only 6 per cent In excess o f that o f
the city. Certain o f the bonds below described have the faith and
credit of both St. Paul and the county pledged for their payment,
principal and interest.
LOANS—
When Due. 4igs, M&N, $200,000..M ay 2, 1917
4ias, J&J, 150,000...July 2, 1918
A lms H ouse and H ospital—
F unding F loating D ebt88, J& D ..$15,000----Ju n el, 1893
8s, J&J... 7 ,0 0 0 ....July 1, 1893 88, M &S..$50,000..Mar. 1, 1895
413s,M &N.. 75,000..M ay 2, 1907
B ridgeR enewal B onds—
78, M&S... $50,000... Sept. 2, 1898
7s, M &N... 18,000...May 1, 1899 5s. A & O ....$7,000....A p r. 1, 1901
4Ljs, F&A, 75,000...Aug. 1, 1917 5s, A&O.... 7 ,000....Apr. 1, 1902
P A R V A L U E O F B O N D S .—A few of the older bonds are o f denomi
Court H ouse and City H all — 5s, A & O ....22,000....A p r. 1, 1903
nations other than $1,000. A ll late Issues however (i. e. all bearing 5s, J&J, $50,000...Jan. 1, 1915 5s,A&O.... 9,000. . . . Apr. 1, 1904
412s,J&.T, 100,000...Jan. 4, 1916
less than 51 per cent interest) are for $1,000 each.
®
IN T E R E S T is m ostly payable in N ew Y ork at the Chase National
T O T A L D E B T, S IN K IN G FU ND S, E T C .—The subjoined statement
shows the city’ s total municipal debt, the sinking fund and the w ater Bank.
T O T A L D E B T, ETC-—Total funded debt Jan. 1,1892, was $849,460,.;
debt on the 1st o f January 1893,1892 and 1890:
Jan. 1,1893. Jan. 1,1892. Jan.l, 1890. including $2,640 of past due bonds which have not yet been presented
Bonded debt (includ.w aterdeht)...$7,462,000 $7,540,500 $6,486,500 for payment.
Sinking funds.................................
684,500
737,931
535,358
ASSESSED V A L U A T IO N In 1892 o f real estate was $112,339,018
N et debt................................... $6,777,500 $6,802,569 $5,951,142 personal property, $16,739,343; total, $129,078,361. The total assessed
W ater debt (Included above).........$1,230,000 $1,230,000 $1,235,000 valuation In 1889 (tax of 1890) was $126,588,533, against $30,547,264^
S IN K IN G FU N D .—I t is provided by the city’s charter that In addi. in 1880. The ta x rate per $1,000 In 1891 was as follow s: State t a x i
tlon to raising a tax sufficient to pay the interest on all Its bonds the $4 60; oounty tax, $2 10; oity tax, $10 90; school tax, $2 40; total ta x r
city shall levy a tax o f one m ill on each dollar o f the assessed valuation $20. The State and oounty ta x (per $1,000) in 1890 was $6 00.
to provide fo r the principal o f the bonds when due. The maintenance
P O P U L A T IO N in 1890 was 139,796; in 1880 was 45,890.
of this sinking fund for the payment of the principal o f thehonds is “ de"
olared to be part o f the contract with the holder o f any bonds o f the 1— t t t— t t 7 T t /
,
,
—
( H . H. PU TNAM , M ay or.
city that may hereafter be issued and shall be kept Inviolate.” In ac P R J - J W JL1N L x .— \ s. J. W IL L A E D , City Clerk.
Bed W ing is situated in Goodhue County
cordance with this provision there was raised by taxation for the sink
Interest payable at Red Wing.
ing fund in 1892 $141,586 48. The sinking fund is invested In city of
LOANS—
When Due.
Total debt Jan. 1893___$145,000
Minn . C ent. RR. B onds—
Minneapolis 4 ,4i® and 5 per cent bonds.
80,000
6s, J&J, $15,000....... July 1, 1893 W ater debt (included)...
BO ND L IM IT .—The city o f Minneapolis is restricted in all legisla ($5,000 due yearly) to July 1,1901 T ax valuation, real....... 1,293,576
T ax valuation, personal. 544,333
R. W. & I owa Ry . B onds—
tive acts authorizing the issue and sale of bonds, and is required to
keep within the follow ing lim it: From the total issue o f all city bonds 4s. Jan. 1, $20.000....Jan. 1,1909 Total valua iou 1891___1,837,909
Population m 1890 was........ 6,294
W ater Works—
shall he deducted the total amount o f funds and securities in the sink 5s, J&J, $80,000....... July 1,1902 Population in 1880 was........ 5,876
($5,000 due yearly) to July 1,1917 Population In 1870 was........ 4,260
ing fund, and this balance shall not exceed 5 per cent o f the aggregate
The cost of the city’s water works was $100,000. They are now selfvalue o f the taxable property o f the city as assessed and determined
fo r the purpose of taxation.
supporting.
April, 1893.
MINNtSOT)*—CITIES
R E D W O O D C O .—E mil K uenzhi, Treasurer.
County wut is Redwood Falls.
LOANS—
When O ut.
B iiu o a i) B o n n 7a, JAJ.
..... July 1,1900
Int. 1* payable at St. Paul. Mlun.
Total debt Jan. 23, ‘93.
$59,990
T a x Talaatlou, real...... 3,$30,276
; Tax valuation, persona $721,335
Total valuation 1892... 4,551 til 1
Assessment is
actual value/
|State tax (por $1,000)
$2-60
Cuuaty tax (per $1,000)........ 3-40
f Population in 1890 was........ 9,386
R O C H E S T E R . — D. D arling , Mayor.
This is the county seat of 0 [instead County.
LO AN S—
WhtH Out. I Valuation, etc.—
R e ec n iu xo RU. Bovos—
|Tax valuation 1890___ $1,768,757
J&J. $29,000
Jan. 1, 1903 I T ax rate (per $1,000)..
$23 40
subject to call at any time.
Population in 1890 was........ 5,321
Total debt 1893
— ...$20,000 i Population in 1880 w as...... 5,103
R O C K C O U N T Y . — P. 0.
County >eat U Luverne.
LOANS—
Whtn Out.
C o v e r H o r s t amj Ju t. Bosnia—
4». * . Au*[-, $30,000 ... A uk , 1912
RitutOAO Bovon—
10*. JAJ, $24.400___ July 1,1896
10*. JAJ, 18,650.....'an. 1,1898
Intercut payable In Sew York.
Total debt Jan. 1,1893
$73,050
8,200
Uniting fund....................
Skyberg,
Treasurer.
|Net debt Jau. 1,1893___ $64,850
j Tax valuation, real .......2,513,666
I Tax valuation, personal. 548,287
Total valuation 1892___ 3,061,953
Ass.-,.,meat is ks actual value.
|state tax (per $1.000)............$2-60
County tax (per $1,000)........ 5-70
Average School ta x............... 9-13
|Population in 1890 was....... 6,817
ST. L O U I S C O U N T Y . —E. J. C rossett , Treas.
• ounty Miit U Duluth.
87i/ Out. B’ded debt <laat ret'na)
$212,150
LO AN SitaeUHDPUr—
29.451
Hinklug fund.............
6* JAJ. $01,150. ....... ......... 1907 Tax valuation, real___ 37,955,599
County ooIm i outstanding..#3,967 Tax vuluat’u, personT 4,934,570
IUi a D A iD BiiHOk b oxiw —
Total valuation 1991. 42,890,109
%, J&J, $40.000.......... ...1909
County tax (|»er $1,000) ’90..$2*90
**•*, JAJ,
30.000................ 1900 Population in 1990 wan..... 44,862
4 ^ *, JAJ,
50.000..............1910
4 ^ . JAJ. 30,000.. July
1, 1911
IN T E R E S T U payable in New Yc rk at American Exchange National
Beak.
* P H IL IP D ICK , Mayor.
m . R- DA V 18, Clerk.
iC
84. Peter U la XicoUc County.
et
R tm D r tG Bone
LO ANS—
When Due.
Klkctkic L i o ut Boro *—
:>h*. M AH. $5,000.. ..Sept. 1.1895
6*. FAA. $3.000.........Aug. 1. 1*94 5*3*. MAH, 5,000.. ..Sept. 1,1901
0*. FA A. -4,000..........Ang. 1,1890 5***, MAH, 5,000 . . .Sept. 1,1906
6*. WAX. 3.000______ Aug. 1, 1806 5*t*, MAO, 3,000.. Sept. 1.1911
iH P lo v • m rw r B o n d *—
Total debt Dec. 22. 1892 $<12,000
6m, M&h, $5,000 .... .8cpt. 1, 1803 Population in 1890 v a «.
13,382
4 *. M A S .
9 , 0 0 0 . ........... H e e l . 1 , 1 8 0 8
Population in 1880 wan.
12,333
6a. M AH. 9.000 ____Bepi. 1,1003
M*x** 9.000
Hept. 1,1908
ST. P E T E R . -
S O U T H ST. P A U L . —P. R.CoxxoLY.City Clerk.
South SL Paul la »tt uated in Dakota Chanty.
When Due I F ir e D ep a r t w ent B o n d s :
L O A N S .B R I I m *K B O N D * —
(im, JAD. $5,000........Juno 1, 1914
J A IL $75,000
Jane 1,1912 0*. JAD. $3,000........Deo. 1, 1920
C r r r H a l l Bo n d * :
} Ini'Kovr.ur.NT Bo n d s :
Am J A lt, # 10.000
.
June 1. 1914 I dm JAD, $50,000 ___ Junol. 1919
,
9sL JAD, $5,000 ...... .Dec. 1, 1920 ! B ded debt (l**t ret'n*). $115,617
s S i t r c a t i « » s i A t. B * » v i
•
i Tax valuation 1889___ 1,540,738
$9, JAD. # 0 .0 0 0 ..... Jan et 1914 ! Population in 1890 wan....... 2.242
9*, JAD. 3.000 ...... .Dec. 1, 1920 i population in 1880 van ....... 489
I N T E R E S T U pan able In Xcw York City by the American Exchange
National Bank
ST. P A U L
FR E D E R IC K P. W RIG H T. Mayor.
J. J. M tC A R D Y, Comptroller.
I I Paul I* la Ram ««y v*
ounty. and its valuation U only six per oent
tea* than the valuation o f the entire county. The debt o f Ramsey
i
T WM,
O1 S
107
LOANS—
When Due.
When Due
L0ANSR edemption —
Streets—
7s, A&O,
$60,000..Oct, 1, 1895 58, A&O,
$5,000 .Apr, 1, 1909
5s, A&O,
22,000..Apr. 1, 1906 5s, A&0,
40.000 .Apr. 2, 1913
4s, MAN,
50,000. .May 15, 1920 5s, F&A,
35.000 .Aug. 1, 1913
Sew e r ag e —
4s, J&J,
25.000 .Jau. 1, 1920
7s, M&N, $100.000.May 1, 1898
W AT ER—
MAN,
50,000.Nov. 2, 1899 5s, * A&O, $500,000. Apr. 1, 1909
7s. M&N,
27.000. May 1, 1903 5s, Feb., 150,000.Aug. 1, 1913
M&S,
500.Sept. 1, 1903
. A&O, 100.000. Apr. 1, 1914
J&J,
4.000. Jan. 1, 1904 5s, A&O, 400.000. Apr. 1, 1915
M&S,
3.000.
Nov. 1, 1904 M&N, 200.000. May 2, 1917
4*28,
M&N,
9,600. May 1, 1905 4i*2S, M&S, 300.000. Mar. 1, 1918
M&S,
95.000. Mar. 1. 1909 4*29, J&J,
100.000. Jan. 1, 1919
A&O, 100.000. Apr. 2, 1908 41qs, J&J,
160.000. Jau. 1, 1919
A&O, 200.000. Apr. 1, 1915 4*2S, M&N, 100.000. May 1, 1919
4^8, J&J,
100.000. July 1, 1916 4s, J&D, 350.000. June 1, 1912
4%s M&N, 200.000. May 2, 19174s, M&N, 100.000.
May 1, 192
4*29, J&D, 200.000. Dec. 1, 1918
W est St. P aul —
4s, F&A,
20.000. Aug. 1, 1906 7s, A&O, $13,500.Apr. 1, 1898
43, M&N, 150.000. May 1, 1920 4s, M&N, 45,000. May 1, 1920
4s, F&A,
250.000. Aug. 1, 1919
DEBT CERTIFICATES JANUARY 1, 1893.
LO ANS/ Interest.— *
—
-P rin cip a l tNAME AND PURPOSE.
Rate. Payable.
When Due. Ouistand'g.
" "
Western Avenue Bridge......... 6
F &
Feb. 26, 1893
2,000
W ater...................................... 4
J &
June 1, 1893
93,615
Water for fire protection....... 4
J &
June 1, 1893
28,048
Board of Education............... 7
A &
Apr. 1, 1893
40,000
Department funds.................. 6
J &
July 15, 1893
634,500
Entertaining Nat. Ed. Ass’n ... 6
F &
Aug. 1, 1893
3,000
Liquidating old indebtedness. 6
J & J Sept.l,’93to»95 700,000
Department funds.................. 6
F & A Oct. 15, 1893
342.500
Do
do .................. 6
M & N Nov. 15, 18'»3
244,000
Taking Census. &c.. 1890....... 7
F & A Feb. 1, 1894
15,000
Purchase of real estate.......... 7
J & D Sept. 1, 1894
60,000
PAR V A L U E O F BONDS.—The bonds are all, or nearly all, for
$1,000 each.
IN T E R E S T -W H E R E P A Y A B L E .-In te re s t on ail bonds of this
city is payable in New York.
T O T A L D E B T, Et c .—The following statement gives the total
bonded debt, the floating debt and the water debt of the city of
St. Paul on January 1,1893 and 1892.
1893
1892
Total bonded debt (including water bonds),.. $8,451,965
$8,501,965
Floating debt or certificates of indebtedness. 2,288,984
2,033,981
Total city debt January 1........................ $10,740,949 $10,535,946
$2,460,000
Water debt included in the above.................. $2,460,000
The city of St. Paul has no sinking fund, but a tax is levied annually
to pay maturing bonds. The amount levied for this purpose in 1891
was $207,754.
The water works owned by St. Paul are self-sustaining and are
valued at $9,000,000. The water debt is to be met by the Board of
Water Commissioners, who, according to the city charter, “ shall es
tablish such water rates as will at all times insure to the city a suffi
cient income to pay interest and to provide a fund to pay principal
upon all the bonds, etc., issued for water purposes.”
V A L U A T IO N A N D IN D E B T E D N E S S .—The city’ s assessed v a l
uation, said to be about 50 percent o f actual value, aud tax rate have
been as follo w s:
Total
Total Oity.
Assessed
Tax Rate
Bonds.
Personal
Valuation, per $1,000. Dec. 31.
Property.
Tears. Real Estate.
1,451,956
l 899.. $109,152,643 $16,086,947 $125,239,590 $2000
2 0 0 0 '8,501.965
1891.. • 106.576,329 *16,322,047 *122,898,376
2000
7,579,965
16,895,335 * 122, 000,000
106,204,133
1 2 0 , 0 0 0 ,000
18-50
7,016,090
i 889...
6,547,000
1850
18.025,250
117,500,000
99,474,750
1888..
.
1950
3,815,640
14,291,946
64,804,158
50.512,212
1885..
.
1,959,910
40,026.777
21-00
10,026,777
30.000,000
1882..
.
27,955,387
1800
1880...
All the valuation figures for 1891 and the total for 1890 are as r e
ported after deducting exemptions.
The total tax rate ou valuation of 1892 (tax of 1893) was made up
as follows: State tax $3 60; county tax $2-98; city ta x proper
$11-42; Board o f Education $2-00.
P O P U L A T IO N .—In 1890 population was 133,156; in 1880 it was
41.473 ; in 1870 It was 20,030.
County U entirely aeparat i from that of the city, and ou Jan. 1,1892,
-H. R. S p u r r , Auditor.
tft amounted to $849,460. In the following report o f the city debt the S T E V E N S C O U N T Y
S nt tabic gtve> the details o f the outstanding bond* and the second
County seat la Morria.
Tax valuation, real— $1,671,310
?give* details o f the certificate* of indebtedness.
LO A N S —
"'A*'* Out.
Tax valuation, personal
496,120
Court U oubb B ond*—
IWJNDKD UKBT JAN. 1. 1893.
6». July 1. $JO,000 ...July 1.191-1 Total valuation 1892... 2,167,430
Co u n t House and C it y H a l l —
Agreement is 2-5 actual value.
LO ANSf l m Due.
R bpondino B onds—
5«. JAJ. $50,000 Jan. 1, 1915 5« J&J. $50,000......... Tan. 1.1929 Total tax (per $1,000)....... $26*00
A b l t o k * r*— R K. C ummin o *
.
4 V v JAJ. AVi.OOO . Jan. 1, 1916 4*9*. JAJ. 100,000..Jan. 1, 1916 Bonded debt Feb. 1,1893. $80,000 Population 1890 was..........5,251
4*9*. MAN, $00,000 May 2, 1917
A uk* and W ork H o c ** —
8*. JAD, $7,500 ...D ec. 1. 1897 4 V . JAJ. 150.000. July 2, 1918
S T I L L W A T E R . —E. W. D u r a n t , Mayor.
Fire D epartment —
5*. AAO. 25.000 ..Apr. 2, 1913
5*. SCAB, 25,000
Mar. 1. 1914 i 4*9*. JAJ, #50,000..Jan. 1, 1916
Stillwater ia aituated in Washington County.
7
9-. MAN. 100,000 .May 2, 191“
. FA A. 30.000 . Aug 1. 1906 14 *
P ermanent I m provem ent —
LO A NS—
W*®* 3 H »
H o* TIT Al
Bf Ik R[* I II r K dc C ATI* »N —
O ...........$10,000..... Oct. 1 ,1893-d
b
B u il d in g B onds , 1873—
9a. F&A, $50,000 . Feb. 1. 1804 8*. JAD, $7,500 June 1, 1693 10«, $20,000............... July 1,1893 58,........ 50,000 ...... Sept. 1, 1906
Sa, AAO. 50.000 Apr. 2. 1903 ! 4***. MAN.„ 50,000 May 2, 1917
58,......... 100,000 ...... Sept. 1, 1911
.Aug. 1, 1921 B ridge Bonds —
4a. M&N. 50.000. M*y 2, 1915 |4*9*. FAA, 50.000.
IDs. $3 1.000 ..............Nov. 1,1895 5 s ,....... 50,000..... Sept. 1, 1912
50,0011 July 1, 1902 4a, FAA, 50.000. Aug. 1, 1919
4*a». J&J.
5 s,...... 60,000...... Oct. 1, 1917
CORRKNT FUND BONDS—
L evre —
4%>. F&A, 50.000
1. 1916
5», $20,000...............Feb. 15,1912 5s, J&J, 60,000.....July 1,1921
Bonded debt Jan. 1,1893.$380,400
«%>. M&N. 150.000 May 2. 1917 i 5*. A&O. #20.000 Apr. 2, 1903
L evee B onds , 1875—
150,000 July 2, 1918 ! L ake Coimo Bonos —
13,765
♦
J&J.
10*. $0.000.................Feb. 1,1900 Floating debt.................
Total debt Jan. 1.1893... 394,165
A V . M&N. 100.000 May 1. 1919 |44*. MAH. $25,000.. Sept. 1, 1921
RKFUNDINQ BONDS----KI'ROVEMEVT4a. J&J. 100.000. .J llL 15.1920 I L lm-a l 1»
5*. JOUI. $25,000........ ..
id J&J.
,
\r\rv........ Jan. 1,1921 * *......... .........
----- Population in 1890 was.. 25,992
7». JAJ. #100,000. July 1, 1898
1
B l l i o t Ijn a * * —
IN T E R E S T Is payable by the Lumberman’s National Bank in Still
7*. MAM, |0y00$ Mar. 15,1898 | MucKKT5*. A AO,
5.000 Apr. 2, 1908 6-. AAO. $40,000...Apr. 1, 1899 water and by the Fifth Avenue Bank, New York.
| P arka —
5*. MAN. aon.ooo May 1, 1915
4%a. JAJ, loo.nno July 1, 1916 | 7a, JAJ, $100,000. .July 1, 1903 T O D D C O U N T Y — County seat is Long Prairie
4 V , MAN. 214.000 May 2, 1917 5*. AAO, 25.000..Apr. 2, 1913
LO AN SWhen D ue. Tax valuation, real...... $2,114,892
’ ^
1
25,000 Jan. 1, 1916
50.000
4 v m a n , m m | Nor. 15,1917 I t y , JAJ.
Tax valuation, personal. 331,280
Court H ouse—
4 v . JAJ. 300.000 .July 2, 1918 4*«* MAS. 825.000. ,H«*pt. 1, 1917 7h. J&J, $25.000.................... 1908 Total valuation 1891— 2,446,172
County tax (per$l .000) 1890. $6*80
4*9*. Fa A. 15.000 .Aug. 1, 1918 j 4*. MAS. 45.000..May 1, 1920
5,000 . Aug. 1, lf*>6
4», FAA.
Population in 1890 was......12,930
5 June L $30.400...........
26.000 Jnvtel. 1907 I l'2*A7*. .... $2.365.. 1861-1876 Total debt May 1,1891.. ~ - } 9™ Population in 1880 was...... 6,133
4*. JAD.
$5o,400
.
34,000.. July 1. 1919 I K%11.ROAD AID—
rn
$50,000..Sept. 1, 1897
% , JA J, 250.000 Jan. 1. 1920 H MAH
m
75.000 .Nov.21. 1«98 W I N O N A C O U N T Y . — County seat is Winona.
4*. MAN. 55 .0 May 1. 1920 6*’ MAN.
|6a. JA D.
50.000.. Dec. 23,1898
CfTT fRtlVUVVROW M—
100.000 Dec. 15, 1900 n,,rifled field (last returns).$60,000 I Total valuation. 1891.$11,691,614
% , MAO $105,000 Mar. 1. 1897 6-. JAD.
m
Tar. valuation real.......
Population
75.000 .Apr. 1, 1904 Tax valuation,pereonai 8,870,902 |Population in 1890 was...... 33,797
6*. AAO,
Cotmm. A -raor iation *—
2,820,712
in 1880 waa..... 27,197
15,000 Ang. 1, 1904
4 V MAN. fl0 ».o ro .M ay 2, 1917 5*. PA A,
sW E
108
OITY SUr?t£M£flT,
State of Iowa.
ITS
DEBT, RESOURCES, &c.
Organized as a Territory (A ct Jane 12, 183S) July 3, 1838
Admitted as a State (A ct March 3,1845)
- Dec. 28, 1846
Total Area of State (square miles) 56,025
State C a p ita l........................................
- Des Moines
Governor (term expires 2d Monday Jan. 1894' - Horace Boies
Secretary of State (1st Monday Jan. 1895) - W . M. McFarland
Treasurer (1st Monday Jan. 1895) Byron A. Beeson
Auditor (1st Monday Jan. 1895)
C. G. McCarthy.
Legislature meets biennially in even years, the 2d Monday
in January, and there is no lim it to length of sessions.
H IS T O R Y O F D E B T .—The first item in Iow a’ s funded debt was
contracted to pay the Territorial debt of about $20,000 and some press
ing expenses attending the setting in motion o f the now State organiza
tion. The loan negotiated for these purposes was issued in 1817, and
amounted to $55,000. During the n ext ten years other small issues
w ere made, the total outstanding in January, 1858, being reported at
$122,295 75, all o f which, however, was in the School Fund. In 1858
there was another issue authorized of $200,000. And in 1861 our Civil
W ar led the Legislature to legalize a loan for $300,000 for war pur
poses. Thus the funded debt at that date reached an aggregate of $622,295 75. Since 1861 payments have from time to time been made, and for
some years, so far as the public is concerned, the entire bonded indebt
edness has been retired. I t should be added, however, that Iow a still
has outstanding bonds bearing 8 per cent interest to the amount of
$245,435 19, but they are all issued to, and are held in, the Permanent
School Fund.
There has also been a floating debt for which warrants were issued,
and on which the State has been paying interest since 1883. This
floating debt reached its maximum in 1886, it being on January 2 of
that year $817,857 35. On June 30,1889, the total outstanding had
been reduced to $39,388 33, and on February 2,1891, the State officers
were able to report the whole floating debt paid.
E Q U A L IZ E D V A L U A T IO N . -T he equalized assessed valuation of
lands and of personal, railroad, telephone and telegraph property re
spectively have been as follow s in the years named:—
Personal
i
r 'elephone &
Property.
Railroads. Telh. Cos.
Total.
Lands.
$
$
$
1891 ....376,181,276 109,715,691 44,798,174 673,385 531,368,526
1 8 9 0 .. ..374.753.112 105,543,264 42,902,608 663,874 523,862,858
1889 ....374,753,112 103,564,136 43,591,410 658,819 522,567,477
1888 ....359,982,086 100,799,562 43,528,501 591,731 504,901,880
1 8 8 5 .. ..353.614.837 103,372,905 31,672,339 293,046 488,953,127
1 8 8 0 .. ..303.381.498 82,638,655 23,646,161 152,706 409,819,020
395,423,140
79,032,896 22,076,876
1875 ....294,313,368
294,532,252
1 8 7 0 .. ..222.561.061 71,971,191
G E N E R A L R E V E N U E .—The sources from which the State derived
its general revenue in the period from July 1,1890, to July 1, 1891, is
shown in the follow in g :—
From —
$
$
12,834
Counties....................... 3,189,011 Miscellaneous...............
51,350
Insurance companies..
174,610 U. S. for Soldier’s Hom e
State officers’ fees........
78,760 Total o f a ll.................... 3,545,246
Teleg. and telep. co.’ s...
38,681
C O U N T Y AN D C IT Y IN D E B T E D N E S S .—“ As compared with
other States, w e have been remarkably fortunate in the financial man
agement o f our cities and counties. Most counties are entirely free
from debt, and the number of cities and independent districts which are
taking up their bonds is constantly increasing. The people o f our State
take a just pride in maintaining the highest standard o f public and p ri
vate credit, and in carefully guarding the rights of property.” —Gov
ernor’ s message, Feb., 1890.
D E B T L IM IT A T IO N .—Io w a’s Constitution restricts the creating of
debt, both State debt and municipal debt.
F IR S T , as to State debt, the limitation made is not absolute, for it per
mits other debt if authorized by some law for some single specified
work. But this permission is very safely guarded—(1) the law must
provide for the collection of a direct annual tax sufficient to pay the
interest regularly and discharge the debt in tw enty years; and (2) the
law cannot take effect until it has been submitted to the people at a gen
eral election, and has received a majority of the votes cast. A ll the debt
provisions relating to the State w e give below.
A r t ic l e 7, Section 1. [L im ita tio n o f State indebtedness.] The credit
o f the State shall not in any manner be given or loaned to, or in aid of,
any individual, association, or corporation; and the State shall never
assume, or become responsible for, the debts or liabilities o f any individ
ual, association or corporation, unless incurred in time o f w ar for the
benefit o f the State.
Se c tio n 2. [Same.] The State may contract debts to supply casual
deficits or failures in revenues, or to meet expenses otherwise provided
fq r ; but the aggregate amount of such debts, direct and contingent,
whether contracted by virtue of one or more acts o f the General Assem
bly, or at different periods o f time, shall never exceed the sum of two
hundred and fifty thousand dollars; and the money arising from the
creation o f such debts shall be applied to the purpose for which it was
obtained, or to repay the debts so contracted, and to no other purpose
whatever.
Sectio n 4. [F o r what other puiposes State may contract debt.] 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 war; but the money arising from the debts so contracted shall
be applied for the purpose for which it was raised, or to repay such
debts, and to no other purpose whatever.
Sectio n 5. [Other debts to be authorized.]—Except the debts hereinbe
fore specified in this article, no debt shall be hereafter contracted by or
©n behalf o f this State, unless such debt shall be authorized by some law
fo r some single work or object, to be distinctly specified therein ;$and
such law shall impose and provide for the collection o f a direct annual
ta x sufficient to pay the interest on such debt as it falls due, and al»o
to pay and discharge the principal o f such debt \nfcthin twenty years
V 1 LVL
o-
from the time o f contracting thereof; but no such law shall take effect
until at a general election it shall have been submitted to the people,
and have received a majority of all the votes cast for and against it at
such election; and all money raised by authority o f such law shall be
applied only to the specific object therein stated, or to the payment of
the debt, created thereby; and such law shall be published in at least one
newspaper in each county, if one is published therein, throughout the
State, for three months preceding the election at which it is submitted
1°AKTlCiu?V111, Section 3. [State not to be a stockholder.]—'The State
shall not become a stockholder in any corporation, nor shall it assume
or pay the d ebtor liability o f any corporation, unless incurred in time
« f war for the benefit of the Btate.
There can be but little fear that a State or city w ill ever create debt in
any larger amount than it can easily pay where the law, as in the above
case, requires a tax to be levied at the time of its creation sufficient to
pay the interest annually and the principal when due.
SECOND, as to m u n icipal indebtedness, the lim it is fixed absolutely
in the Constitution. The provisions covering the subject are as follow s:
A r tic le V IU , Section 4. { Corporation not to be a stockholder.] No
political or municipal corporation shall become a stockholder in any
banking corporation, directly or indirectly.
. _ ,^ _
A r t ic l e X I, Section 3. [To what amount county may become indebted.]
No county or other political or municipal corporation shall be allowed
to become indebted in any manner, or for any purpose, to an amount in
the aggregate exceeding five per centum on the value of the taxable
property within such county or corporation—to be ascertained by the
fast state and county tax list previous to the incurring of such
indebtedness.
The above (section 3 of article X I) covers cities, counties, towns and
every other kind of political or municipal corporation. The Supreme
Court o f Iowa has decided that even a school district is such a corpora
tion and subject to the 5 per cent limit.
P O P U L A T IO N O F S T A T E .—The way in which the population o f
Iowa has grown during the last few decades evidences the wonderful
advance of the State in material wealth and prosperity. I t was in 1838
that the political basis for the existing State was laid, the territory o f
Wisconsin, created only two years before, being then divided, and that
part of the territory lying west of the Mississippi R iver being organized
as a separate territory under the name o f Iowa. In 1840 the Census
then taken showed a population o f 43,112. B y the close o f the
next decade numbers had risen to 192,214, the people having in the
meantime (in 1846) been endowed with full privileges o f StatehoodThe growth thus far, however, was small compared with what was to
come, and in the decade between 1850 and 1860 there was an increase
from 192,214 to 674,913. In the next decade another half a m illion
was added, the 1870 Census reporting a total of 1,194,020. In the suc
ceeding tw enty years about three-quarters of a m illion more were
added, and the last Census showed an aggregate population not far
from two million. From standing twenty-ninth in population in 1840
tie State now occupies tenth position.
8 9 0 ...........1,911,896 I 1870............ 1,194,020 I 1850............... 1?2,214
8 8 0 ...........1,624,615 | 1860............ <*74,913 |1840............... 43,112
In 1860-70 tlie increase was 519,107, or 7G‘91 per c en t; in 1870-80
30,595, or 36'0G per c en t; in 1880-90 287,281, or 17-68 per cent.
B A N K S —S T A T E , N A T IO N A L A N D S A V IN G S IN S T IT U T IO N S
-Both national and State banks have increased very rapidly, but es
pecially the latter, the growth of the State institutions being one of the
triking features of recent times, the same as in many other Western
,tates. There were on June 30, 1892, 141 banks organized under
tate laws, against only 50 six years before, in 1885; capital now Is
;7,430,200 against $2,896,043, and deposits $16,361,011 against
14,238,226. The operations of the national banks are more extensive,
.ut their growth has been slower. There were on December 9, 1S92,
.62 national banks against 127 at the close o f 1885; capital now is
>14 495 000 against $10,220,000, and deposits $31,765,033 against
,16' 835’156lo w A.
,
_________ 1892._____________________ 1885__________
National.
State.
National.
Slate.
(D m . 9, ’92.) {June 30, ’92.) (Dec. 24.
(Jtme 30.)
’ apitaf"m' ” .......... $14,495,000 $7,430,200 $10,220,000 $2,896,043
iurplus and profits. 5,177,887
1,753,146
3,770,090
526,848
Deposits, individual 31,765,033 16,361,011
16.835,156
4,-.38,-26
The above figures for the State banks are taken from official State
locuments. The United States Comptroller of the Curreney also found
,t the same date 8 loan and trust companies, with $2 ,122,088 capital (
>602,553 surplus and undivided profits, and $1,001,399 deposits. As
or the savings banks, their business is being steadily extended, and on
line 30,1892, their deposits amounted to $26,115,384, against only
>7,401,633 on June 30 1885.
1892.
1885.
1881.
1875.
Savinas Banks.
(June 30.)
(June 30.)
(Sept.,30.) (Oct. 23.)
fo. o f banks.............
104
_
34
22
19
Lnd°Vfdeposits: :::: $26,115,’f f 4 $7,401,633 $5,513,722
iurplus & p ro fits ___
1,165,266
458,163
194,596
$2,338,685
88,963
* Estimated.
Adding State, national and savings banks and trust and loan #o b .
panies together, total deposits reach over 75 m illion dollars.
C it ie s . C o u n t ie s
IN
a n d
T ow ns
THE
STATE OF IOWA.
P E T E R FAW C ETT, Mayor.
VOGT, Auditor.
Burlington is in Des Moines County.
LO AN S—
When Due.
LOANS—
When Due.
Sin k . F und B onds , 1881—(Cont.)
Sin k in g F und B onds , 1870—
8s, J&D, $65,000...... Dec. 1, 1897 5s, A&O, $38,000...... Oct. 1, 1906
B u r l . W a t e r Co. 1st M ortgag e
Sin k in g F und B onds , 1881—
B onds , I nterest A ssumed —
5s, A&O, $ 75 ,000...Oct. 1, 1893
($15,000 due y ’rlv) to Oct. 1, 1897 6s, M&N, $172,000. ..Nov. 1, 1902
5s, A&O, $160,000...Oct. 1, 1898
$20,000 due y ’rly) to Oct. 1, 1905
B U R L I N G T O N .—^C A R L
April, 1893
lOW/V-eiTlES
l N T B R E S T on h im U is payab le in N e w York, at Chem ical N a tio n a l
Blink,
B O N D E D D E B T January 1, 1893, was $338,000; floatin g, $55,630; total debt, $393,# HO; sin k in g fund, $43,630; n et debt, $350,000.
Th e net debt on Jan. 1, 1892.w as $394,000. The w a te r bonds a re n o t
iseiitd ed in the to ta l fuuded debr. as they are the ob ligation s .of a priv a te com pany. Th e city , h ow ever, in return fo r use o f w a t e t agrees
to nay the in terest on these bonds d irectly to the bondholder, and
to I*a.v $2,000 y e a rly to a sin king fund fo r their redem ption.
E Q U A L IZ E D V A L U A T I O N in 1892 o f r e a l estate w as $3,569,710;
personal prop erty, $1,130,939; total, $4,700,699. In 1891 the tota l
w as $4,799,000. T o ta l ta x rate p e r $1,000), .$57-95, including State
ta x , $2*00, county tax, $7*00, d r y ta x , $32-75, a vera g e school tax,
$16*20. P ro p erty i> assessed at ** about 20 p e. o f its actual v a lu e .’ ’
P O P U L A T I O N in 1890 was 22,503; in 1880 it w as 19,450.
C A S S C O U N T Y .—'T. W Brown, Treasurer.
County seat is A tla n tic.
L O A N S -When
1T a x valu ation, p e r s o n n e l,265,685
t>> < n
.
* T a x valu ation, R E .......
513,531
S i >.<«»>....... Jan. 1, J M 9 j T o ta l ta x va l. 1S91........ 6,002,334
ft*. J i l t , f 12.000........B ee. 1 ,1 8 9 6 | Assessm ent about
actual value.
S a ,------- 10,000 ....... .................. i Flute ta x (per $1,000)............. $2 00
o p tim a ;
< -juiit v . ip or 2 i .000)........S3 00
t i iv
; P op u la tion in i$ o o w a s ...... 19,645
- ! ' 1 Popu lation iu 1880 w a s...... 16,943
T a x valu ation, real......... 4,223,118 1
e~* r r r v A O
r:y a o i n c
i J- R. H E S 9 E 8 S 0 N , M ayor.
L t U A K
t t A r l L I S . — , j . C. S T O D D A R D , Treasurer.
Cellar Rapid s is situated in Liu u County. A l l bonds are ex em p t from
v lty tax.
HVten Due. j S3, ........ $14,000................... 1901
|
BWUOK B o x t). :
(Subject to ca ll at an y tim e.)
10». ........$12,000 ...
......... 1896 !
8Ewt.it Bonus :
KcrDSDlMS B o o n s :
i 5-, June. $100,(J00 ............... 1907
6 *............ . $6 ,0 00................... 1900 j
(Subject to ca ll a fte r 1S92.)
{Subject to r a il a t any tim e.)
I’ AVlSOBoSDS:
I 6s, $2.300........................ ....... 1894
I N T E R E S T 1* payable at C ity Treasury.
T O T A L D E B T ifu nded) January, 1803, was ¥131,000; sin king fund
920,000; net funded debt, $114,000; flo atin g debt, $80,000.
A S S E S S E D V A L U A T I O N in 1992 o f real estate was $2,550,175;
personal prop erty, $860,700; total, $3,110,875; ta x ra te (p e r $1,000),
$tK)-75, tip - iiu hiding State and county ta x , $10-75; school tax, $20;
city t a t prop er, $80. B rut estate D assessed at ’ 'a b o u t one-fourtk its
actual va lu e.”
P O P U L A T I O N . In 1890 It was 19,020; In 1880 It was 10,10-1; in
1870 It * « 5,040.
LOANS-
C H A R L E S C I T Y .—E. Wbbdkn, Treasurer.
Charles City la in Floyd County.
It A m Due,
Tax valuation 1.691 ....... $500,000
5*. JfcJ. $20,000 .....Ju ly 1, 1907
•Subject to ra il a fter Ju ly 1. 1S92
I ate re-f. payable, in Charles City.
T o ta l debt Max. 1.1892 .. -$ 20,000
State ta x (pur $ 1,000)............$ 1 5 0
County ta x (per $1,000)........ 4 00
City ta x (per $ 1 ,0 00)..............11•00
A v e r s e school l a x ................ 23-50
1 opu laU .m lu 1890 w a s..........2,802
’
C H E R O K E E C O .—W. B. Brick, Treasurer.
C « t t a t f seat- i» Cherokee*.
LO AN S€*:mwi Ilo r - u - 5*, A AO* $39,0<wu
B © sd» aU optional.
When. D»r \ ; Valuation, re a l.......... $3,262,435
[ Valu ation, p e rso n a l-.
646,720
Apr. 1,1901 | T o ta l valu ation, 1892. 3,906,1.55
F ty m s u
| Amumment ib o iit H a ctu a l valu e.
5#, A & O , #23,w ® , . A p r. 1,1902 j State, cou n ty and school ta x . $7*00
T o ta l debt 1# 9 3 . . . . . . . .
$63,000 |Po p u lation la 1890 w a s. . . . 15,039
C L A Y C O U N T Y .—G. E. Runyan, Treas.
( M t f seat- Is 8 p # »ee r. Bonds a re optional.
LO ANS When P u t, I T a x valuation, personal. $430,959
O.h '.vt v B o v r s —
i T o ta l valu ation 1892___ 2.531,120
*K M AN,
..... M ay l , 1806 \ A ^ c ^ m e n t about % actual value.
In tf re- * p a v . at Co. Tr»\.t--*'iry. I S tate ta x (per $ 1, 000) ......... $2*00
T o ta l debt Jan. 1 . 1893., $32,000 County ta x (p e r $1,000).......$6-00
T a x vaiu.tUuu, rval ...... 2,100,161 | Population in 1890 w a s........9,309
C L IN T O N .—T. M Gobble, Mayor.
d t e t o u fs In Clinton County
$65*00
K e f debt UtaM returnsu,
&TB,. 75 |T a x rate (per $1,000) -..
T a x tsloa S too 1890, ...$1,900,000 I Popu lation 1890 w a s ....... .13,619
C O U N C IL B L U F F S .—N. D. L
a u r e n c e
Mayor.
Council B lu ff, t - in P o t U v s t b u s le County. Tliu school district, w bicli
i . ro-extrn.i% r w itb the city , bad a debt on Jan. 1 , 1893, o f $142,500.
Special Imites—
Regular Bonded Debt.
1ST h-'RSKCTtOS S EWKB B o n u s ,
D i e B o 'b a —
1 0 2 0 s—
7*. ,i.v.J. #2,000......... J u ly 1, 1900
7s, J A J . 8,000_____ Ju ly 1. 1901 6s, $ 7 5 ,5 0 0 .............................3905
(variou s amounts) to 1910
D M * * o r 1878,1878 ,v*l> 1$90—
Special assessment bonds.
8*. J A D , $27),INK). ...D ec. 2. 1890
C u r b in g —
7 », A A O , 74.000...... Oct. 1. 1898
1893
7*. J A J ,
4 3 0 0 ...... Ju ly 1, 1900 6s, F A A, $3 ,2 00.........
to 1896
tU tr (’ *»('><« 1883—
G r a d in g —
6s. FA A . $18,500
..A u g . 1, 1903
6s, $59,900 ................
1893
- tii'j,. ! to call at any time.
(var. dates and amounts) to 1898
Special bond*—
i 'i t , H -i, T i"N (jR ttllX O 10-208—
« » . vartotw . #24.000................ 1908 6s! $258,200 ............................ 1893
(various amounts) to 1898
va riou s amounts payable to 1910
S e w e r *—
I»TX K?Kcrrs<; I 'w t M j 6s, #38,700.............
---J §S
i various am ounts) to 1896
i varifui- nmountai to 1910 .
I N T E R E S T - W H E R E P A Y A B L E .—* tttaren t on all the bonds is
pay abb* in N» a * Y o rk C ity a t the K a tlo u a l P a rk B a n k ; also a t C ity
A $ »»,.V .i........... ..... toot
., t.n H
Treasury,
T O T A L D E B T , E T C .-^ T b e stthjoiaod statem ent shows Council
B luffs' touvi m unicipal d e b t the special debt amt the special assessment
d e b t on f t - first o f March, o f each o f the years indicated.
im
TOW
^lS
AO .,
CM
T o ta l funded debt com in g under 5 per cent lim it..$146,400
Special bonds........................................... . . . ....... 381,’300
Special assessment b o n d s ....................................... 250,000
1890, ,
$146,400
223.000
444.000
$813,000
T o ta l d e b t ........................................................... $777,700
“ Th e special bonds do not in a n y sense opine under the 5 per cen t
C onstitutional lim it, th eir issue being in anticipation o f a speoial le v y
authorized by la w , and bein g so issued the bondholders m ay co m p el
the city to m a te a three m ill-levy , and as lo n g as the annual in terest on
!hese bonds does n ot exceed the proceeds o f a three-m ill lev y , there canbe no question as to th eir le g a lity and p erfeot safety.’’—C ity report.
Th e special assessment, bonds are secured b y p rop erty certificatesissued and held in tru st fo r bondholders.
A S S E S S E D V A L U A T I O N ,—Th e c ity ’s assessed va lu ation (“ about
25 per cent o f cash v a lu e ” ) has been as fo llo w s in the years named.
Personal and railroad p rop erty is assessed e v e ry year, w h ile r e a l esta te
is assessed e v e ry tw o years only, v iz .: in 1881, &e.
Tears.
Personal
Property. Railroads.
Ileal Estate.
Total.
1890, (p a rtly est.)........ $4,475,159
$1,007,432 $433,006 $5,915,597
1889................................ 4.475,159
1,956,583
687,766
6,119,508
1887................................ 3,329,902
784,880
454,008
4,568,7901881................................. 2,266,802
659,406
149,325
3,075,535
P O P U L A T I O N . —I n 1890 it w as 21,474; in 1880 i t w as 18,063.
( DW
DERR, M
C R E S T O N .— \EO S EA R DS T R A N A D ,ayor.
J
PH
Treasurer.
Creston Is situated in U nion County.
LO AN S—
When Due T o ta l debt Feb. 1893........$162,647
Cit y H a l l B onds—
T a x valu ation, r e a l......... 716,537
5a, M&S, $11,000.......
O ptional T a x valu ation, p erson a l.. 244,542
R efu nd ing B ondsT o ta l valu ation 1 8 9 2 ...... 961,079'
58, M & N, $ 5 ,0 0 0 ......
Optional
Assessm’t about % actual value.
5s, A& O , 20,000........ Oct. 1. 1897 T o ta l valu ation 1890....... $866,18(>
68*00
Subject to call a fter Oct. 1 . 1892 T o ta l ta x (per $ 1 ,0 0 0 ).....
5s, M AS, $13,000.....S e p t. 1. 1908 C ity ta x p ro p er............
24*00
30*20
Subject to ca ll a fter Sept. 1,1893 School t a x ........................
School bonds...... ...............$50,000 County t a x .....................
14*80
2*00
S treet bonds (o p tio n a l). . . . 23,000 State t a x ....................
Bonded debt Feb. 1 . 1893,. 122,000 Popu lation in 1890 w a s ........ 7,200
40,647 Popu lation in 1880 w a s ....... 5,081
F loatin g d e b t .................
IN T E R E S T E D the refu nd ing bonds due in 18971s payable in Cres
ton; on a ll other bonds interest Is payab le in N e w York.
D A V E N P O R T —John 0. Bills. Mayor.
D a ven p ort is iu S cott County.
LO ANS—
— Interest.— . --------- Principal. ---------- .
NAME AND PUBPOPE.
P. Vt. Payable,
When Dee 0 :madid’g.
Refiutdirur iKUtdM.............. .......
F & A
---- 1909
$275,000
....................... 1899
71,000r a v in g bond*..................1892 7
I N T E R E S T is payable a t the Im porters’ & Traders’ N ation al B ank,
N e w York.
T O T A L D E B T (funded) Jan. 1 .1893, $346,000.
A S S E S S E D V A L U A T I O N In 1892 o f real estate, $7,900,000; o f
personal property, $2,700,000; total, $10,600,000, T o ta l ta x ra te
(per $1,000) $47, Inclu ding State ta x $2, county t a x $4, c ity ta x $17.
average school t a x $18, other ta x $6. P ro p e rty is assessed at 50 p er
cent o f its actual value.
P O P U L A T I O N in 1890 w as 26.872, in 1830 was 21,831.
M
D ES M O IN E S ,— < C. C.. L AENNE ,IS ,avor.
'( R. JS D
N
C ity
Clerk.
Des M oines is situated in P o lk County.
LOANS—
When DaeLO ANS—
When Due.
R e f u n m n o B onds —
F fls m jio Bonds —
Is, J&.T, $150,000... .June 1 , 190S
5s, .TA J, $60,000....... June 1, 1908
Subject to ca ll at any time.
Subject to call at any time,
Wa r r a n t P onding B onds—
j o d om e x t B o nds —
4%s, J&J, $192,000...N o v . 1 ,1 9 0 ©
4% «, JA J, $178,000..... ...........1905
I Subject to c a ll at a n y tim e .
Subject to call at any time.
I N T E R E S T is pa yab le at C ity Treasury a n d in N e w Y ork.
B O N D E D D E B T January 1, 1893 was $580,000; floatin g deb t.
$191,355 ; total debt, $771,355.
A S S E S S E D V A L U A T I O N .—Th e tota l assessed valu ation fo r 1892
is 315,801,18-1; to ta l tax ra te (per $1,000) $49-40, including State ta x
$ 2, county ta x $1.1-00, city ta x $22-40, average school t a x $11. In1890 (ta x 1891) real estate w as $11,334,440; personal p rop erty $2,597,320; to ta l $13,931,760. T a x ra te (per $1,000) $75-50, inelndingStatc ta x $2-50, county t a x $13'00, city ta x proper $60'00. B e a 1
estate is assessed at 20 per cent o f its actual value.
P O P U L A T I O N . — The popu lation in 1890 w as 50,093; in 1880 w a s
22,408; in 1870 was 12,035.
D U B U Q U E CO.—P a u l
County seat is Dubuque.
LO ANS—
T F t o Due.
Co urt H ouse B onds—
4s, J&J, $125,000...... Jan. 1 , 1916
F unding B onds—
5s, M&S, $60,000........
T o ta l debt Feb. 1893..
optional
$185,000
D U B U Q U E —C , J.
F
r a u t
,
Treasurer.
Valuation, Teal.
.......$9,987.80&>
V aluation, personal___ 2,998,615*
T o ta l valu ation 1892.. .12,986,420
Assessment about % actual value,.
State, county and school tax.$30*00
Popu lation in 1890 w a s — 49,848^
W .
Sa
n d e r s
, M a yor.
Dubuque is situated in Dubuque County.
I DAN^—
When Due.
R f f u n d in g B onds—
7s, semi-am, $38,0 5 7 ..Jam 1,1896
6s, semi-an., 90,617..Feb. 1, 1896
6s, semi-an., $105,309.Feb. 1,1890
6s, semi-an., 3o6,9d6 .Feb. 1 ,1897
6s. semi-an,, I0/,161.1899tol90|.
6s, semi-an., 26,500.Feb. 1 ,1904
Subject to call at any tune.
I N T E R E S T is payable b y C ity Treasurer and in N ew York.
T O T A L D E B T (funded) la st returns, was $730,602; floatin g d e b t,
$124,120.
T A X F R E E ,—AH issues o f bonds are exem pt from taxation b y the-
city.
A S S E S S E D V A L U A T I O N in 1891 o f rea l estate was $14,000,000;
e f personal property, $6,000,000; total, $20,000,000. C ity ta x rate-
110
STATE
CITY SUffi£M£1NT,
(per $1,000), $11-00. Real estate is assessed at about 75 per cent of its
actual value.
P O P U L A T IO N .—The population in 1890 was 30,311; in 1880 it
was 22,254.
E M M E T C O U N T Y .—J. M.
Treas.
Barker,
County seat is Estlierville.
$2 000
LOANS—
When Due. Floating debt.................
Total debt......................
43,500
C o u r t h o u s e Bonus
3,000
es, F&A, $12,000...... Apr. 1,1894 Sinking fund..................
N et debt Aug. 20, 1892..
40,500
F u nding Bonus
es, MAN, $5,000...... M ay 15,1898 T ax valuation, r e a l....... 1,226,121
Subject to call on 30 days notice. Tax valuation, personal. 147,963
Ss, MAN. $6,000...... May 15, 1900 Total valuation 1S92___1,374,084
8ubject to call on 30 days notice. Assessment is F; actual value.
$2-00
5s, MAN. $6,500....... May 2, 1902 State tax (per $1,000)
Subject to call on 30 days notice. County ta x (per $ 1,000)........ 6-00
Bond tax (per $1.000)........... 5-00
R efu n d in g B onds—
0 b, MAN, $12,000.. June 12,1906 Average school ta x ............... 3*00
Subject, to call after 5 years. Population in 1890 w as........4,274
Bonded d fb t Aug. 20, ’92..$41,500 Population in 1880 w as........1,550
IN T E R E S T on the Court House bonds is payable iu N ew York City;
on a ll other bonds at Estlierville, Iow a.
I D A C O U N T Y .—J. G.
Treasurer.
E rch o ltz,
County seat is Id a Grove, whore interest on the county bonds is
payable.
LOANS—
When Due. T ax valuation 1892___$3,000,698
Assessment about ^ actual value.
Co u n t y B onds —
5s, MAN', $45,500..M a y l,’ 96&1906 T ax levy 1893.................. $98,518
T otal debt 1893................ $15,500 Population in 1890 w as___10,705
A P I T Y
5 C. M. RENO, Mayor.
W A O i l I .— \ w. J. HOLTZ, City Clerk.
Io w a City is in Johnson County.
LOANS—
When Due. Other loans........................ $18,600
R e d e m pt io n B onds —
Interest payable in Iow a City.
5s, A&O, $55,000... .A p ril 1, 1911 Total debt Feb. 1893...
$80,600
Subject to call.
T ax vaiuatiou 1892 ___ 1,900,000
S e w e r B onds—
Assess u’t is 50 p.o. actual value.
5s, M&N, $9,000....M a y 1,1901 Total tax (per $1,000)..........$39*00
Subject to calL
Population 1890 was.............7,016
T A X F R E E .—A ll bonds issued by this city are exempt from taxation.
IK J
K L E O K .U K .. — J o h n E. C r a i g , Mayor.
Keokuk is iu Lee County. Its debt, which was form erly heavy, is
bein g gradually paid off.
LOANS—
When Due. I G r a d u a t e d B onds (O o n t.)—
Com prom ise B onds :
|6s, Jau. 1, $13,000...... Jan. 1, 1894
0S, J. & J., $153,400..July 1, 1894 i E - W 'D is g Bn ds :
G r a d u a t e d 2, 3, 4, 5. 6s.
5s, J. & J., $100,000... Jau. 1,1906
6s, Oct. 1, $16,000......Oct. 1, 1893 |
INTEREST is payable iu Keokuk and in N ew York City.
T O T A L FU N D E D D E B T Jan. 1, 1892, was $287,400. City debts
in this State are lim ited by provisions o f the State Constitution (see
State o f Iowa), but the debt of Keokuk was created before Constitutional
inhibition took effect. The debt in 1880 was $450,000.
ASSESSED V A L U A T IO N .—The city’s assessed valuation, -which is
;about two-thirds o f the actual value, and tax rate, for the last tw o years
was as follows :
1891.
1890.
Steal property....................................................... $3,592,615 $3,442,795
Personal property............................................... 1,025,860 1,007,515
Total assessed vaiuatiou.................................$4,618,475 $4,450,310
Total ta x rate per $1,000..............................
*$42-70
$43-00
*This rate includes a State, county and school ta x o f $25-70, and city
ta x proper of $17-00.
POPULATION.—In L890 it was 14,101; in 1880 it was 12,117. The
population for 1892, according to local authority, is 18,000.
L E E C O U N T Y .—0. J.
Treas.
M ontand on,
County seat is F o rt Madison.
LOANS—
When Due. Total valuation 1892... $9,927,428
Com prom ise B onds
Assessment is 2-5 actual value.
e s , M&S, $700,000....Mar. 1, 1895 State ta x (per $1,000)........... $2*00
T o ta l debt Jan. 1, 1893. $700,000 County tax (per $1,000)........ 16*10
T a x valuation, re a l...... 7,757,185 Population 1890 was........... 37,715
Tax valu ation ,person al.$2 ,170,243 Population 18S0 was........... 34,859
L E M A R S .—D a v i d
Treasurer.
G ib b s ,
L e Mars is situated in Plymouth County. The w ater bonds are not
an obligation of the city, though guaranteed as to interest.
LOANS—
When Due. Total city bonds Jan. ’92... $10,000
B u il d in g , etc ., B onds W ater Co. bonds............... 40,000
08, J&J, $10,000.......July 18,1898 T ax valuation, 1891......... 554,201
‘ W a t e r Co . B onds—
Total tax rate (per $1,000) 57-50
0s, $40,000..................................... Population in 1890 w as....... 4,036
Population in 1880 w as...... 1,895
• These bonds were issued by the W ater & Light Co. The eity has
guaranteed the interest at 6 per cent.
T A X FR EE .—The bonds issued by the city are exempt from taxation.
L Y O N C O U N T Y .—0. C.
D. M a n n i n g ,
Treas.
County seat is Rock Rapids.
T o ta l debt 1893............... $75,000
©Inking fund...... ............. 17,000
Equald. valuationl892.$2,855,252
Equald. vaiuatiou 1888. $2,326,025
Population in 1890 was....... 8,680
N et debt 1893............... $58,000 Population in 1880 w as....... 1,968
N et debt 1880...............$107,687
M A R S H A L L T O W N . —H.
Mayor.
A nson,
Marshalltown is situated in Marshall County.
LOANS—
When Due. Interest is paid in N ew York.
F u n d ing B onds —
Total debt July, 1891___ $30,000
7s, J&J, $8,000...........Jan. 1, 1900 T ax vaiuatiou 1890........ 1,500,000
5s, J&J, 22,000...........Jan. 1, 1906 Tot. ta x rate (per $1,000)
$48-50
W a t e r W o rks B onds —
Population 1890............
8,914
8s, J&J, $37,000 ....... Jan. 1,1896 Population 1880............
6,240
Vol. LVI.
l\yi a CCVTVr
*TrT*A7‘
SJIUJNOAN H U LL, Mayor.
1V1 AY 73 LJ IN W
1 I .— > o. A. BRO W NELL, Treasurer.
Mason City is situated in Cerro Gordo County.
When Due. Bonded debt Feb. 1893.. $28,000
LOANS—
W a t kit B onds Floating debt.................
3,200
68, A&O, $28,000.............Optional Total debt......................
31,200
Interest on Water Bonds at Chase T ax valuation 1892 ...... 1,028,039
Population in 1890 w as....... 4,007
Nat. Bank, N. Y. City.
M U S C A T IN E .-1 f; £ s'n N
jpLE /Treasu
rer.
Muscatine is situated in Muscatine County.
LO AN S—
. Interest.— . .--------- P rin cip a l.---------.
—
NAME AND PURPOSE.
P. Ot. Payable. When Due. O tstand’gRailroad judgment bonds....... 6
A & O
Oct. 1,1898
$337,600
IN T E R E S T P A Y A B L E in New York.
T O T A L FU N D E D D E B T Jan. 1,1893, was $337,600.
ASSESSED V A L U A T IO N in 1892 o f real estate, $2,058,730; of
personal property, $798,575; total, $2,857,305. T otal tax rate
(per $1,000), $44, including State tax, $2; county tax, $4; city tax,
$23; average school tax, $15. In 1891 real estate, $2,000,000; per
sonal property, $825,315; total, $2,825,315. T otal ta x rate (per
$1,000), $47-50. Property is assessed at 40 pel- cent of its actual
value.
P O P U L A T IO N in 1890 was 11,454; in 1880it was 8,295. Present
population about 14,000.
O ’B R IE N C O U N T Y .—H e n r y
Treas.
R e r ic k ,
County seat is Pringhar.
LOANS—
When Due. Total debt Jan. 1393... $152,000
Tax valuation 1892___$3,148,412
R e fu n d in g B *nds —
5s, J&J, $152,000... .Jan. 15, 1906 County ta x (per $1,000)
$16*00
but subject to call at any time. Population in 1893 was..... 15,000
O T T U M W A . —J. R.
Mayor.
B u rgess ,
Ottumwa is situated in Wapello County.
S u r a t B onds —
LOANS—
When Due.
Co u r t H ouse B onds —
5s. M&S, $10,000 ...Sept. 15, 1893
St r e e t I m pro vem ’ t B onds—
5 s,---- - $110,000---5s, M&N. $30,000... .May 20,1909
P a v in g B onds —
6s, F&A, $12,000. July 1, 1893-’96 T ax valuation............... $3,426,771
$40-25
6s, M&8, 17,968.Meh.l0,1893-’99 Tot. tax rate (per $1,000)
R a il r o a d A id B onds —
Population 1890...........
14,001
9,004
4s, A&O, $30,000. .Oct. 5, ’94-1903 Population 1880...........
P O L K C O U N T Y .—C. H.
Treas.
D il w o r t h ,
County seat is Des Moines. Population in 1893 is nearly 90,000.
Bonded debt Jan. 1893.. .$180,000 Equ’cl valuation 1892. $21,392,860
Floating debt..................
30,000 Population 1890 w as.......... 65,410
Sinking fund.................... 210,000 Population 1880 was.......... 49,395
P O T T A W A T T A M I E CO.-W. B. R eed , Tr’r.
County seat is Council Bluffs.
Total debt Jan. 1893..
$138,000
LOANS—
WhenDue.
Co u r t H ouse B onds Total debt 1880.........
55,812
4128, J&J, $40,000.........June, 1894 T ax valuation 1892... 13,811,830
412s, A&O, 40,000.........Oct,, 1895 T ax valuation 1890... 13,775,153
4128, M&N, 40,000.........May, 1897 T ax rate (per $1,000)...........$13*00
J a il B onds Population 1890 w as......... 47,430
58, J&J, $18,000.................... July,1893
Population 1880 w as.........39,850
($6,000 due yearly) to July, 1895
R E D O A K . —R. M.
Treasurer.
R oberts ,
Red Oak is situated in Montgomery County.
LOANS—
When D e. Total debt Ap ril 1892 ... $20,000
W a t e r W o r k s BO'DS—
T ax valuation, 1891........ $750,000
5s, M&N, $20,000.........5-20 years
Population, 1890, was........... 3,321
Interest at Cbein. Nat. Bank, N. Y. Population, 1880, w as...........3,755
S IO U X C I T Y . — M a r is
P e ir c e , Mayor.
Sioux City Is situated in Woodbury County.
I m p r o v e m e n t B onds (C on t.) —
LOANSWhen Due.
F u n d ing B onds 6s, ....... $66,300...Oct. 1, 1906
P a v in g B onds —
68, ........$95,000....M ay 1,1896
6s, ........ 125,000....Nov. 1, 1917 6s, ........$7,300....Feb. 13,1908
4>as,....... 66,000... .May 1, 1905
R e fu n d in g b -nds —
($25,000 yearly) to 1907 6s, ....... $64,000...May 15,1893
G r a d in g B onds 4%s,........ 150,000...May 1, 1914
68, ........ $8,300....Feb. 13,1905
($25,000 yearly) to 1919
Im pr o v e m e n t B onds—
W a t e r B onds—
6b, ........ $112,000.Nov. 11,1906 6s, ....... $ ll,0 0 0 ...0 et. 1,1893
D IS T R IC T IM PR O V E M E N T BONDS.
These bonds are not treated as a lia bility o f the city, but are payable
by a special assessment on property benefiited.
C u r b in g B onds—
P a v in g B onds —
.s, ....... $217,074. .1893 to 1898
..s............$45,508. . .1893 to 1898
Se w e r B onds —
Gr a d in g B o ds —
•s............ $83,750.-1893 to 1895
,.s............$152,272.-1893 to 1898
IN T E R E S T - W H E R E P A Y A B L E . ■Interest is payable in N ew
Y o rk by the Chemical National Bank.
T O T A L D E B T, S IN K IN G FU N D , E T C .- T h e subjoined statement
shows Sioux C ity’s total municipal debt and the special assessment
debt, according to our last returns from that city.
General bonded debt....................................................................$705,200
Floatingdebt............................................................................... 130,757
Total bonded and floating debt................................................. 835,957
Sinking funds...................................................................
74,784
N et debt................................................................................. $761,173
Special assessment debt..............................................................$498,604
The general bonded debtas above does not include $100,000 first
mortgage water bonds o f the old water company issued prior to the
purchase of the w ater works by the city, nor $225,000 funding bonds
authorized and held in the treasury ready to be issued. From A p ril 1
to November 30,1890 (8 months), gross earnings o f the water works
were $26,758; net over expenses and salaries, $13,559.
V A L U A T IO N .—The valuation of property, both real and personal
on January 1,1891, was $16,387,212.
P O P U L A T IO N .—In 1890 It was 37,806; in 1880 it was 7,366.
April, 1893.
MISSOURI—BEST Of STATE.
V A N BURENCO
Ill
4. V. Bfbss, Treas.
in vestin g tlie P a cific R a ilroa d (w liicli w as to run from St. Louis to a
point on tire w estern boundary o f the State) w ith th at p o rtion o f thelands so donated h y Congress which la y o v er and along said route, and
- f
T o ta l ta x (per $1.000)........ $19-00
j.in t .
, Popu lation in 1890 w a s___ 10,253
the State fu rth er agreed to loan its bonds to the am ount o f $7,000,000
to the roa d on w h ieli to raise m oney. A t the same tim e the State m ade
owkey
sim ila r arrangem ents fo r the bu ilding o f the H annibal & St. Joseph,
m ty seat is f 'ntmnwtk.
and subsequently the St. L ou is & Iro n M ountain, the Cairo & Fulton,,
LO ANSWhen Dae, j Bonded debt M ay 1,1892 $75,000 ‘ he N orth Missouri, the Platt, County, and the Southwest B ranch o f theOytFJfT'f B05I>Sri
t t
* i 5 '1X
nation, r e a l....... 5,373,170
P aciflc R a ilroa d, the w hole am ount o f bonds authorized b e ta s $ 24,.
— ..July 1. 1-894 i T a x valuation, personal. 1,643 ;~M
950,000.
1
...... -Tujy 1, 1893 r T a x valnatum , railroa d s. 745,479
5s, J&J,
5,000, ........*Ju[y
Thus p rovid ed w ith m oney and land the variou s enterprises nam ed
1*V ;> i T o ta l va lu ation 1891____7,762,363
5s, J A J r 5,000, ........*J«|y 1,1 8 9 6 |Assessm ent about i 5 actual va lu e.
w ere pushed fo rw a rd qu ite s a tisfa cto rily u n til th e panic in th e fa ll o f
5s, JtfcJ, 40,009.
.July 1,18 94 j State ta x (per $1,000)...........$2*00
«# 1.0*000 year! 3 I U July 1, 1897 County ta x (per $ 1,0 00 )........ 12-50 1857. O f course, th a t even t pu t a stop to bond negotiation, and con
j Popu lation m 1890 w as.......30,426 sequently put- an end to railroa d construction everyw h ere, th e L eg is la
tu re suspending the fu rth er issue o f bonds (ex cep t fo r w o rk n e a rly
done) u n til 1859. On J u ly 1857 o f the 25 m illion s r a ilw a y bondfe
arson
authorized there had been issued $15,310,000; so that- w ith the p r io r
Chanty seat to P
When l>n
T a x va lu ation , p e rso n a l $253,073 debt ex istin g the to ta l outstanding obligations o f the S tate at th a t
B e t i i o i i> Bnmm—
Total valuation 1893... 1,537,713 date m ust h a ve been o v e r 16 m illion dollars. O n January 1 1 8 5 9 th e
5«» FifcA.$3*L0OO .. ...Pel
, 1007 State ta x (p e r S I ,000)..
sz-uo j to ta l d eb t w as o fficia lly stated a t $19,658,000, the assets (w hich in~
O piloaal
any t
u aty ta x (p e r $1,000)
$ f v 3 0 i cluiled b a n k stock $954,000, a first lie n on ra ilw a y s and equipment;
T o ta l ile o t Ja m I » 180S.
T a x valu ation, re a l___
Population in 1890 w a s ........7.325 $19,056,000,an d 3 ,000,-000 acres o f land va lu ed at $1*25 p e r acre), reach-—
big$23,760,000. D u rin g the C iv il W a r M issouri suffered v e r y m a te ria lly
Jts industries b eih g thorou gh ly d em oralized and its railroads to a conW OODBURY
v -eat is Sioux City.
‘ Xa.T
Illation 1890. ..$21,86$, 551 slderahle ex te n t destroyed. Y e t one o f the fir s t acts o f the State-tion 1890 was......... 55,632 ! w hen a reorga n iza tion o f the G overnm ent had heen accomplished, wasD e M lift 1SSlO... .. ..
I 8 M l k : i # ............ I t.iillti
; Pot
to pass an am endm ent to the Constitution, w hich w as a fterw a rds
adopted b y a v o te o f the people, fo r the liq u id ation o f th e debt. T h e
F un ding A ct passed in pursuance o f this p rovision p rovid ed fo r the
fu nding o f the p rin cipa l and in terest calcu lated to January 11868,.
w hich in a ll am ounted to $30,298,050, less $5,000,000 the am ount
paid the State on the purchase o f the P a cific R a ilro a d and about $200,_
OOO paid b y banks. In January, 1870, the debt h-ad been reduced t o
$20,866,000 and on Ja n u a ry 1,18 93, i t w as reduced to $11,011,958,
the details o f w hich a re as fo llo w s :
LO ANS—
When Due. 3(28, J&J, $436,000...J u ly 1 , 1907
Subject to c a ll a fter J uly 1,18 92
tc
B a s k Sto c k R e f o n m s g :
6s, J& J, $80,000........Apr. 1 , 1894 3*23, J&J, $7 0 0 ,0 0 0 ...Oct. 1,1 9 0 7
H a s . < s t . J. R E . (r e n e w a l):
fc
Subject to call a fter Oct. 1 , 1892
6s, J A J. $102.000.......Ju ly 1, 1891 3Hsa, J & J ,$2,937,000.Jan. 1, 1908
* 4, 1812
6s, J& J. $94.000......... July 1, 1895
Subject- to call a fter Jan. 1,1893
6s, JA-.T, $55,000......... Tan. 1, 1896
O erfs o f indebt, to State fu nd —
1820)
S c h o o l If trsi>:
Os. J& J. $337,000...... Ju ly 1. 1806
S ta te i
•
69,41 ft list, J& J, $11*000....... J u ly 1. 1897 7 p. e., J u ly 1, $2,909,000.. ------I'ENirKSTi.UiY ISDKMMTV ;
5 p. c., semi-an., 231,000.. ------«S, JA-J. 821.000........ Apr. 1, 1895
T o t a l .......................$3,140,000
County sent Is Sense**qua.
Total debt | ) 18. $
as
9
T%x. T a la a tioa 1S92L
W APELLO
<m
3
CO*—J, D. M
, Treasurer.
W I N N E B A G O CO,—\ . II. L
Y
, Treas.
LO
ANS—
m
B d d t(to*tre
on ed eb
F a s debt......
lo t-la t
CO.
! P-r
State of Missouri.
DEBT. RESOURCES, E .
Organic.! s &Territory (Act Jun
is
D . 7 11
ec , 8 2
Adm
itted as a State (Act M
arch 6
,
0 31
Aug. 1 , 1 8
Total area of
“ijuarr m
iles)
State Capital, . . . . . .
Jefferson Ciij
Governor iterm exp. 2 M
d onday Ju, 1 9 ), - W J. Stone
S7
in.
8*e*y of State (termexp. 2d M Jan. * 7 Alex. A. Lesw
on,
9 ),
eur
T
r.-a-.tm (term > p 2 M
-r
*x . d onday Jan. ’9 ), Lon. V. Stephens
7
Auditor tttrrmexpires 21M
< onday Jan, ’9 ) Jam M Seibert
7
es .
iU d re S te biennially in odd years on the first W
-gu atu M ta
ed*
n.-vhty after the first day of January, and there is no limit to
length of m A m: bu after the first seventy davs m bers
tm o
t
em
ijan j n s w o n ly a dollin ' a d a y f o r the
H IS T O R Y O F D E B T .- M 1
making Amt tS&foi-p&fiMg, hut
mm.III..
St a TK I'trsin xo:
ii». J&J, $208,000......J u ly 1 , 1894
Us. J&J, $400,000........Tan. 1, 1895
St a t e P u n p in o 5-20s—•
8 % ., J& J, $ 1.227,000. Mar. 1 . 1907
Subject to ca ll a fte r Mur. 1,18 92
SB.'tlNUtV lft!N!>:
G p. e., Jan. 1, $122,000—
------5 p. ft., J& J,
42 3.000 .... ------5 p . e „ ........ ,
646,058
T o t a l.......................$1,191,958
P A R V A L U E O F B O N D S —The bonds are fo r $1,000 each,
I N T E R E S T - W H E R E P A Y A B L E .—In teres t is pa yab le in N e w
Y o r k a t the N a tio n a l B ank o f Commerce.
T O T A L D E B T , E t c .—Th e subjoined statem ent shows Missouri*®
tota l debt on the first o f January in each o f the la st th ree years.
1893.
1892.
1891.
entfnl history In debt”
$7,083T000
$8,533,000
ii though aeverc, w ith To t al bonded d e b t ........... $0,680,000
School & ficw’r y certille’ s
4,331,958
4,331,958
3,680,000
$11,414,958
$12,213,000
T o ta l d e b t..................$11,011,958
ttstitution o f 1820,
old he in the State ! Under a p rovision o f the State C onstitution a t least $250,000 o f S ta ta
Th e to ta l debt, including:
n g n ot m ore than Indebtedness must be retired annually.
4 to MibsorilM* cme- accrued interest, Arc., on Jan. 1 , 1865, w as $36,094,908.
■
I5AOO.OOO capital, of which t
A S S E S S E D V A L U A T I O N .—The State’s assessed va lu ation (a bou t
e act under this author^
l i a l t .Hot t ill IlK ff# however*.
IL «r t* h
00,000 bonds, to pa y a om -fou rth actual valu e) and ta x rate h ave been as fo llow s, m erchan
fly . fa that u nfortun ate yea
the bank, w as author- dise not b ein g included.
*'utm€Ttprion la that stismtuf \
Tax
Tax'
o m arket the
*L
tacit*
A m m ig h t toe
A gsessed Yaluation Rate. rears. Assessed Valuation, Rate „
art ej»oeh o f Tears.
hOIMl#,
th * CTMIBI
I*s sing thro
1880.. ...$ 532 ,6 92,04 3...... .$4*00
.$911,791,179 ___ .$2-50
1892..
bStHSl W M tim
M W iioft and 1
u titles, w h ile 1891.. . . . 877.722,779..... . 3 00 1875.. . . . 556,444,456...... .'4 - 5 0
th State
felt* These M issouri bonds 1890.. .. . 805,668,844...... . 3*00 1870.. . . . 559,082,559...... . 5-00
in soeh tmurn#
t, The*#
1865.. . . . 262,354,932......
1889-- . . . 756.283.894......
cut, and t they w ere not 1888.. .. . 738.421,083...... . 4*00 1 8 0 3 - . . . 198,002,210......
feo t a t
u ntil m slit- the bank rmthl not use them . I n 1839 th# 1885.. . . . 684.146.002...... . 4*00 I8 6 0 .. . . . 296,552,806......
i
lit to *>M i # a w t anthorfitoJ another bearin g 6
The asse-tsed valu ation o f ra ilro a d and telegraph p rop erty in 1892)
p tr
wlilc!h the bank w m required to tak e In fu ll pay- wa.H $63,884,058, against $62,252,199 in 1891.
,KaraIn It happened, aa b efore, that the bond*
m m h g i thm 6tat»-'
D E B T L IM I T A T I O N - —Missouri has m ade provision in its C onsti
n«f| im tuA rk#t #d---they ire-r© offered In the U nited States and tution restricting the creation o f debt both on behalf o f the State and!
I
w m %i& Mmto%m mul fin ally returned to the bank, and the Legistor o f its m unicipalities.
FIRST, with respect to the State, the regulations are fu ll and specific..,
Itttt, th^n fvcnllr* $ mmi m
I t v t t t l i mptmmr ttm te»f the first lo t o f bonds 0 % p er cento) $263,000 T h ey are found in article 6, sections 44, 45 and 46, which w e subjoin*
for wn iiw l Its afi:b«ef|tt«E£st debt statement* that
A r t ic l e 6, Section 44. (General Assembly not to contract debts m e m
m itof hm m hmm 1m m i* i
w
to h a ve been as herein.) The G eneral Assem bly shall have no p o w er to contract or
mmmmt hi 0 w m i AA O I
Kitotattding; also there
authorize the contracting o f any debt or lia b ility on behalf o f the?
f t 39,1*06 o f %im 6! y**rm\nto p o t mtt, a ccord in g to the m m e record* Th e State, or to Issue bonds o f other evidences o f indebtedness tbereof,. ex
I
S
cept- In the fo llo w in g cases:
,
. .
,
distoi o f Hie1 tM r t n 1857 wm» o n ly $802,000.
First, In renew al o f existin g bonds, w hen th ey cannot be paid a t
l i t item ram nitm # Migm:jnrl had begun to see I f * m an ifest destin y a* m aturity out o f the sinking fund or other resources.
t i e p o in t o f d*?fwfcfttlp# fo r the grea t W est and fo r the Pacific. W e d *
1
Sermid. mi the occurring o f an unforeseen em ergency, or casual dennot »app o## limit I M W
Ag o f that d a y eooM q u ite pictu re K ansas C ity eiency o f the revenue, when the tem p ora ry lia b ility incurred, u pon th e
recommendation o f the G overnor first had, shall not exceed the sum o f
w
o r $t* tgmim $0 %
'&0f iio 1 arc, and y e t from th eir acts and fro m the. tw o hundred and fifty thousand dollars fo r any one year, to b e paid tea
gitmn fo r1thorn iact* w o must assume that th ey had dream ed a not m ore than tw o years from and a fter its creation.
Third, on the occu rring o f any unforeseen em ergency, o r casual den0
djnmn n ot •«*> vifrrT null In tho r e a lity o f 189.1, W ith the arquim tion o f
cienoy o f the revenue, when the tem porary lia b ility incurred or to bed iscoveries tiler#, the need o f a P a cific railroad i incurred shall exceed the sum o f tw o hundred and fifty thousand dollars,
C a lifo rn ia aa#l l
n o t t ill M arch 3
for auv one year, the General A ssem bly m ay submit an act providing,
I co n viction . But
mlm***i t
for the' loan, or fo r the contracting o f the liability, and containing a prop ro v i don fo r the recon
geneTal acts
that- Cfiffij
v i- ion fo r levy in g a tax sufficient to pay the interest and principal whenof th#
i they become duo (the latter in not more than thirteen years from th e
»fe taken steps to i date o f its creation), to the qualified voters o f the State, and when the
T h e S tate o f M
19 it Incorporated net so submitted shall have been ratified by a two-thirds m ajority, at an
elect ion hold fo r that purpose, due publication h a vin g been made o f theI so as to fa cilita te provisions o f the act for at least three months before such election, t h e
m t by Congress in net thus ratified shall be irrepealable until the debt thereby in cu rred
a g in g Infernal ira ( shall be paid, principal and interest.
Hisctws 45. ( Stale's credit not to be loaned.) Th e G eneral A ssem bly
te a land g ra n t to . jiiil!
nn power to r iv e or 1;o Loud, or to authorize the e iv lfik o r
3
jr. Thereupon, in leniltag Of the credit o f the State in aid o f o r to any person,. asso
Mm
to pledgtJ
the act elution o r corporation, w hether m unicipal or other,
It# firsft- *eni**r® wm fhtm hi
la w hich v m a pro % ion » t ij
•to
tool o a « N u ik (w ith d r i to e s e
-! I
. __
. __
.......
m m t them
m tm
,
112
ST/Vti: MJJJ CITY S U fflE M E flT ,
tile credit of the State iu any manner whatsoever, for the pay
ment o f the liabilities, present or prospective, o f any individual,
association of individuals, municipal or other corporation whatsoever.
Sectio n 46. (P u b lic money, grant o f prohibited.) The General Assem
b ly shall have no power to make any grant, or to authorize the making
o f any grant of public money or thing o f value to any individual, asso
ciation of individuals, municipal or other corporation whatsoever.
Provided. That this shall not be so construed as to prevent the grant of
aid in a case o f public calamity.
The foregoing sections cover all phases o f State indebtedness and so
restrict action ns to put the State beyond the chance o f future debt em
barrassment.
SECO N D, with regard to cities and other municipalities, the provisions
are in like manner full and wisely constructed. There are three—section
47 in article 6, section (5 in article 9 and section 12 in article 10. We
give them complete below.
A r tic le 6, Section 47. (M unicipalities, loaning credit of.) The Gen
« r a l Assembly shall have no power to authorize any county, city, town
o r township, or other political corporation or sub-division of the State
now existing, or that may be hereafter established, to lend its credit, or
to grant public money or thing of value in aid of or to any individual,
association or corporation whatsoever, or to become a stockholder in
such corporation, association or company.
A r t ic l e 9, Section 9. (M unicipalities not to subscribe to capital stock
o f corporations.) No county, township, city or other municipality shall
hereafter become a subscriber to the capital stock o f any railroad or
other corporation or association, or make appropriation or donation, or
loan its credit to or in aid of any such corporation or association; or to or
in aid of any college or institution o f learning or other institution,
whether created for or to be controlled by the State or others. A ll
authority heretofore conferred for any of the purposes aforesaid by the
General Assembly, or by the charter o f any corporation, is hereby re
pealed: Prod d ed , however, That nothing in this Constitution contained
shall affect the right o f any such municipality to make such subscrip
tion where the same has beeii authorized under existing laws by a vote
o f the people of such municipality prior to its adoption, or to prevent
the issue of renewal bonds, or the use of such other means as are or
fnay be prescribed by law for the liquidation or payment o f such sub
scription, or of auy existing indebtedness.
A r t ic l e 10, Section 12. (M u n icip a l indebtedness, lim it of.) No
county, city, town, township, sliool district or other political corpora
tion or sub-division of the State shall be allowed to become indebted in
any manner or for any purpose to an amount exceeding in any year the
income and revenue provided for such year, without the assent of twothirds o f the voters thereof voting at an election to be held for that
purpose ; nor in eases requiring such assent shall any indebtedness be
allowed to be incurred to an amount, including existing indebtedness, in
the aggregate exceeding five per centum on the value of the taxable
property therein, to be ascertained by the assessment next before the
last assessment for State and county purposes, previous to the incur
ring of such indebtedness: Prodded, That w itli such assent any county
may be allowed to become indebted to a larger amount for the erection
o f a court-house or jail. A nd provided fu rth er, That any county, city,
town, township, school district, or other political corporation or sub
division o f the State, incurring any indebtedness, requiring the assent
o f the voters as aforesaid, shall, before or at the time o f doing so, pro
vide for the collection o f an annual tax sufficient to pay the interest on
such indebtedness as it. falls due, and also to constitute a sinking fund
for payment of the principal thereof, within twenty years from the
tim e o f contracting the same.
I t is scarcely necessary to add anything to the foregoing. The sections
given make clear (1) that a municipality cannot loan its cred it; (2) that
it cannot subscribe to the capital stock of corporations; (3) that it can
not get into debt without two-thirds o f the voters votin g at an election
favor it, and then only to an aggregate of 5 per cent of valuation,
except that with such assent any county may be allowed to become
indebted in a larger amount, for the erection o f a court house or
jail, and finally (4) that before or at the time of getting the assent of the
voters an annual tax must be provided sufficient to pay interest and
form a sinking fund to pay the debt within 20 years. These provisions
are certainly very conservative.
POPULATION OF S T A T E .—Few States in the Union have made
a greater advance in population in recent^decades than Missouri. The
T erritorial Government was established as early as 1812, and it was at
that time that. Congress gave the T erritory the name Missouri, it hav
in g previously been called Louisiana, the present Louisiana being then
known as the T erritory o f Orleans. Admission as a State occurred in
1821. But population as yet was small, the Census of 1820 showing a
total of 60,557, against 19,783 in 1810. In 1830 the number had in
creased to 140,455; in 1840 to 383,702; and in 1850 to 682,044. From
that time on progress has been “ by leaps and bounds,” there having
been an addition o f half a m illion or thereabouts in e very decade since
then, the aggregate for 1890 being reported at 2,679,184. There are
o n ly four States that have a larger population than this, namely New
York, Pennsylvania, Illinois and Ohio—that is, Missouri ranks fifth in
population. I t is proper to add that it has held this position since
1870. In 1820 it ranked number 23.
1890............2,679,184 1860............1,182,012 1830................140,455
1880........... 2,168,380 1850........... 682,014 1820............... 66,557
1870............1,721,205 1840........... 383,7u2 1810............... 19,783
In 1860-70 the increase was 539,283, or 45 62 per c e n t; in 1870-80
447,085, or 25-97 per cent; in 1880-90 510,804, or 2356 per cent.
The proportion of the colored population was 6'70 per cent in 1880
and 5-75 per cent in 1890. In number blacks were 90,040 in 1850
118,503 in 1860; 118,071 iu 1870; 145,350 in 1880, and 154,131 in
1890.
BANKS-STATE, NATIONAL AND SAVINGST
INSTITUTIONS.
In Missouri the national banks have not only greatly increased in
number but still more decidedly in the extent of their business. There
were on Dec 9 , 1892, about- twice as many national organizations as on
December 24 1885—that is, there were 81 against 41—but capital was
about four times as large as then, being 24 1-8 million dollar’s, against
o n ly Ghr m illion dollars, and deposits were also about 4 times as large as
at the earlier date, being $44,418,915 against $11,816,334. The State
banks are much more numerous than the national banks, there having
being 422 of them May 1 6 ,1892, according to the U. S. Comptroller of
the Currency, and their deposits are likewiso in excess of those of the
national institutions. On the other hand, in their capital the State
banks are about 6 m illion dollars behind the national banks, which is a
decided change from 1885, when the State banks had oyer twice as
much capital as the others
Vol. LVI.
--------------1892.------------- > ,------------1885.------------ National.
State.
National.
Slate.
M isso u ri .
{Dec. 9 ,’92.) (May 16, ’92.) (Dec. 24.)
(Aug. 31.)
Number o f banks..
81
422
41
187
C a p ital.................$24,140,000 $18,265,545 $6,326,000 $13,011,423
Surplus<fc profits.. 5,465,077
8,235,860
2,372,079
6,419,827
Deposits, individT. 44,418,915
67,234,147 11,816,334
46,859,759
In addition to the above the U. S. Comptroller o f the Currency in his
volume for 1892 had the reports of five trust companies, with $3,050,000
capital (June 30,1892), $135,503 surplus and profits, and $2,177,830
deposits. Altogether, therefore, the State has about 45^2 millions capi
tal in the State and national institutions and trust companies and over
113kj millions of deposits.
C it ie s , C o u n t ie s a n d
T owns
IN THE
STATE OF MISSOURI.
A D A I R C O U N T Y .—A. D.
County seat Is Kirks ville.
LOANS—
When Due.
F u nding B onn' s—
5s, J&J, $55,000......Dec. 27, 1912
Subject to call after Dec. 27,1897
Interest payable by St. L. Nat. Bit.
St a r r ,
Treasurer.
Total debt Jan. 1,1893.. $55,000
T ax valuation, real....... 2,575,415
T ax valuation, personal.1,212,093
Total valuation 1892....3,787,508
Population in 1890 was..
17,417
B E N T O N CO.—W. II.
St r a t t o n , C o. Clerk.
County seat is Warsaw. The entire debt of the county has recently
been refunded and the new bonds were sold at 103.
LOANS—
When Due. Total valuation 1892...$3,137,736
Assessment about ^ actual value.
R efu nd ing B onds—
5s, Feb., $292,500... .July 1 ,1 9 '2 State tax (per $1,000)......... $2*50
Subject to call after July 1, 1902 County tax (per $1,000)---- 18*50
Total debt Mcli. 1. 1893. $296,000 Average school ta x .............. 4*00
T ax valuation, real........1,887,255 Population 1890 w as.........14,973
T ax valuation, personal. 1,250,481 Population 1880 w as......... 12,396
IN T E R E S T is payable iu N ew York City at National Bank o f Com-
B L O O M IN G T O N . —
This township is in Buchanan Co.
LOANS—
When Due. |Bonded debt July 1,1892. $53,000
T ax valuation 1892........ 463,280
Co m pro m ise & R e d e m pt io n .—
6 s ,___, $53,000.......Aug. 29, 1915 Population in 1890 w as....... 1,357
B L U E .—
This township is in Jackson County.
LO AN S—
When Due. Total debt July 1, 1892.. $100,000
RR. A id $1,000 B onds —
T ax valuation 1888....... 2,796,320
7s, J&J, $100,000...... July 1, 1903 Population in 1890 w a s ---- 10,533
IN T E R E S T at Ninth National Bank, N ew Y ork City.
B O O N V IL L E . —
LOAN S—
This is a township in Cooper County.
WAen Due. Total debt July 1, 1892.. $74,500
T ax valuation................. 1,645,320
Com prom ise R. R. B onds—
5s, Feb. $17,500......... Feb. 1,1902 Population in 1890 w as....... 5,714
Population in 1880 w as........5,605
Subject to call.
5s, July, $56,500........July 1, 1919
Subject to call after July 1, 1899
IN T E R E S T in St. Louis at St. Louis National Bank.
B U C H A N A N CO.—Jos.
Treas.
A d r ia n o ,
The county seat is St. Joseph.
LOANS.
When due. Total debt Mch. 1, 1893 $516,000
T ax valuation 1892 .. ..30,000,000
Compromise R. R. bonds.
5s, Aug. 1, $466,000..Aug. 1, 1901 T ax valuation 45 p.c. of actual val.
Subject to call after Aug. 1,1891 Population in 1890 w as___70,100
Interest payable in New York at
American Exchange Nat. Bank.
TAX FR EE .—Bonds issued by this county are exempt from taxation
B U F F A L O . — J a m e s M.
Treasurer.
H a w k in s .
This is a township in Pike County.
Valuation, etc.—
_
_
When Due.
LOANSTotal debt Jan. 1,1893.. $98,000
R e fu n d in g B onds—
T ax valuation 1888........ 1,630,130
5s, Jan., $47,500........Jan. 1,1909
Subject to call after Jau. 1,1894 Population 1890 w as.............7,889
5s, Jan., $50,500....... Jan. 1, 1909 Population 1880 w as............ 7,493
Subject to call after Jan. 1,1899
IN T E R E S T is payable by the Merchants’ Nat. Bank, St. Louis, Mo.
C A L L A W A Y CO.—0. 0.
The cormty seat is Fulton.
LOANS.
When due.
* R e fu n d in g RR. B oxds —
os,Au g., $383,500...Aug. 1, 1907
Subject to call at any time.
Total debt Jan. 1,1893.. $383,500
i t nnn
17,000
Sinking fund.................
N et debt Jan. 1, 1893—
366,500
T ax valuation, re a l.......3,900,000
* $100, $500 and $1000 each.
IN T E R E S T payable in N ew Y<
A t k in s o n ,
Treas’r.
T ax valuation, person’l.$2,200,000
Total valuation 1892... 6,100,000
Assessm’ t abt. 45 p. c. actual val.
State ta x (per $1,000)......... $2*50
County tax (per $1,000)___ 10*00
Average school tax.............
4*60
Population in 1890 was...... 25,131
Population in 1880 was...... 23,670
k at National Bank of’ Commerce.
.
C A L U M E T .—Tin s is a township in Pike County.
LOANS—
When Due. 5s, . ... $62,500.... Jan. 1, 1909
subj. to call after Jan. 1, 1899
R ffu n d in g B onds —
6s, Jan. 1, $7,400.... Jan. 1, 1903 Total debt Jan. 1, 1893.. $132,400
T ax valuation 1888........ 1,632,520
subject to call.
os, . ... $62,500.... Jan. 1, 1909 Population in 1890 w as....... 4,096
subj. to call after Jan. 1, 1894 Population in 1880 w as....... 4,845
IN T E R E S T on 6s is payable in St. Louis, at Bank of Commerce.
C A M P B R A N C H .—
This township is in Cass County.
Bonded debt July 1, 1892 $58,000
R e fu n d in g B onds —
T ax valuation 1892........ 706,296
Population in 1890 w as........ 1,713
5 s ,....... $50,000.... Nov. 19, 1917
Subject to call Nov. 19, 1907 Population in 1880 was........ 1,460
5 8 ,....... $8,000....Dec. 2,1919
Subject to call Dec. 2,1909
LOANS—
When Due.
A p ril, 1893
MISSOURI—O
ITJES
C A P E G I R A R D E A U —L. J.
towns,
113
Mayor. D A L L A S C O U N T Y . —
A lbert,
Tlxis city is situated in Gape Girardeau County.
When Due. j In terest on fu nd ing 5s is payable
L O A N S .—
P cmoiso :
,
! in N ew Y o r k ; on School D istrict
5s, 51AS, $5 5,000 ... Meh. 1 ,1 9 1 0 i bonds in Missouri.
(, 1895 |T o ta l debt Ju ly 1,1892..$103,000
Subject to call in
• 1900 I T a x valu ation 1891......... v r * nnn
' 1905 j T o ta l ta x ra te d>. $1,000), $31-00
S O K M .U , SCHl mi. :
| Popu lation in 1890 w as..
4,297
8s, J& J $48,00(1
. .Jau. 1,1904 i Popu lation in 1880 w a s ..
3,S89
Subject to call.
G A P E G IR A R D E A U SC H O O L D IS T R IC T .
5*. J& J, $1 4.000......... July 1, 1910 1T o ta l d e b t .......................... $17,000
Subject to rat! a lte r Ju ly 1 . 1895 >T a x valu ation 1890_______ 864,510
6s, J& J, $3,000 ......... Ju ly 1, 1903 I T a x va lu ’ u is about is actual value.
■ cull a fte r Ju ly 1, 1893 |T a x rate p e r $ 1 ,0 0 0 ..............$7-00
■
County seat is Buffalo.
The bonds a re in lit ig a t io n ; in terest n ot paid.
LOANS.
When due. T o ta l debt Ju ly 1 ,18 92.. $228,000
L aclede & T out Scott RR.—
T a x va lu ation 1892.........1,750,000
7 s , ........, $ 1 47 ,00 0...J u ly 1,1890 Popu lation in 1890 w as...... 12,647
1 0 s ,...... , 81,000 ..D ee. 28,1886 Popu lation in 1880 w as...... 9,263
Since the date o f the above rep ort a ju dgm ent has been granted
b y the U n ited States District. Court against D allas County tor $710,000
o f bonds h eretofore unrecognized.
C A P E G IR A R D E A U .—This is a township in C
ape
6s, Feb., $100,000 ....F e b , 1,1896
6s, Feb., 200,000 . . . .Feb. 1, 1901
Girardeau C ounty. T h ere are *8,000 bonds not comprom ised,
L O A N S .—
Wr*m Due, j T o ta l debt J u ly 1, 1892.. $170,000
CoXPftGXlftE R E .
T a x valu ation 1892........ 1,127,050
4-- V , M ay, $ u » l,»)oo.M uv
tax per $1,000 ............$17*00
Subject tu call May 1,1 8 9 4 \Popu lation in 1890 w a s ......6 ,0 1 4
4 per cent before 1899—a fte r 5. f Popu lation in 1880 w as........ 5,791
CARTHAGE
. — This city is in Jasper Coun ty.
LO ANS—
When Due. | F u n d in g B o nd s *
c m H a u l Bo n d s —
M A N , $14,000— M a y 10,1900
0*, A & O , $5 ,$00........ Get. 1, 1893 j B n \ > n t k B o n d s —
Co u r t H o u s e B o nd s —
Os, M A N , $ 3 ,0 0 0 . .. ... ... . P a st due
5s, F & A , $ 5 0 ,9 0 0 ...... Aug. 1 ,1 9 1 9 ] B onded d eb t July 1, ISO 2.$72,800
Subject to call Aug. 1, 1890 | Popu lation in 1890 w a s ......7 ,9 8 1
I N T E R E S T on the C ity H a ll bonds is pa yab le at- C arth a ge; on the
o th e r bonds at St. Lou is.
--------- -
F R A N K L I N C O , -A, F.
M
a n t h e
,
Treasurer.-
County seat is Union.
LO ANS—
When Due.
T a x va lu ation 1892....$5,058,071
Assessm ent is hi actual value.
T a x va lu ation 1 8 9 1 ___ $5,083,150
State & Co. ta x (per $1,000).$15*00
F u n d ing B onds—
A v ’ ge school ta x per $100.. .45 cts.
10s, var., $27,293 .. . .1893 to 1895 Po p u lation in 1890 w as...... 28,056
T o ta l debt Sept. 1,1892..$327,493 Popu lation in 1880 w as...... 26,534
I N T E R E S T is pa yab le a t St. Lou is (Th ird N a tio n a l Bank) and atW ashington, Mo.
Compromise R oad B onds—
G R A N D R IV E R
. — This is a tow n ship in Cass Countyv
Valuation, etc.—
Compromise B onds—
T o ta l bonds J u ly 1,1892 $162,600*
5s, . . . . . $150,000____N ov. 1, 1917 T a x va lu ation 1892........1,627,321
subject to call a fter N ov. 1,1907 Popu lation in 1890 w as....... 3,169
5s, . . . . . $12,000...... Dec. 2, 1919 Popu lation in 1880 w as... . . . 3,038
subject to call a fter Dec. 1,1919
LO ANS—
When Due,
GREENE COUNTY
-S a m u e l W o o d s, T re a s .
County seat is Springfield.
— The county seat is H arrisonville.
LO ANS—
When Due . 5s, Aug. $381,000...... Aug, 1 ,1 8 9 7
In terest U paid on the refu nd ing bonds on ly. Th e unsettled debt, in .
R a ilr o ad A id —
(P a rt due e v e ry 5 y ’r) to Aug. 1,1907
elu d in g uacom prom ised bow ls, interest, ju dgm ents, &e., amounted 8s. F A A, $ 7 ,0 00.............................. T o ta l debt Ju ly 1,1892. $525,000
T a x va lu ation 1 8 9 2 ___ 15,374,411
R efu nd ing B onds—
J u ly 1 ,1 8 9 0 , to $064,000.
LO ANS- When Due, j Com p’tn’d d eb t J u ly 1/92 $250,000 6s, M ay, $137,000.. ...M a y 1,1905 Po p u lation in 1890 w a s ... . 48,616
I N T E R E S T on 8 p e r cents is p a yab le in N e w Y o rk , on other issues
C scostt'iaiM isED R R . B o n d *—
Unt'uimyroiiiised d e b t____ 664,060
8,251,386 I in St. Louis.
U h . $292,500........... .
.P a s t diM I T a x va lu ation 1892
"
*
Popu lation in 1890 was.
23,301
R k r u m nm i B ox i>s—
22,431
5% A p r il, $250,000.... A pr, 1. 1909 f Popu lation in 1880 was.
SU lyeot to c a ll a fte r A p r, 1, 1899
G R U N D Y C O . — -County seat is Trenton
LO ANS—
When Due. B onded debt Ju ly 1 ,’ 92 .. $140,000
Refunding B ondsT a x valuation 1 8 9 2 ..... .4,395,894
,*— This tow n ship is in K n o x County.
5s, . . . . $1 0 0 .0 0 0 .... ..J u ly 2 , 1908 Popu lation in 1890 w as...... 17,876
LO ANS
When Due. Bonded debt J u ly 1,1892. $54,000 5s.......
1 0 ,0 0 0 ...... Mar. 1 , 1910 Popu lation in 1 8 80w a s .. . . . 15,185
It.ui.Knu> A m B o n d s —
i T a x valu ation 1892 ........ 600,000
8«, . . , , $ 5 1 ,0 0 0 .„.,........ past due , P o p u lation lit 1890 w a s........ 1,456
H A N N 1 R A T
___SJ. H . D IC K A S O N , M ayor.
1
1
i A . SC H 1N U KAN , Auditor.
— -The county seat is K e y tesvllle.
H annibal is situated in M arion County.
LOANS—
When Due. ] 5s» July 1, $35,000,.. .July 1, 1908
R- K. RfcrtLvnixo Bonds—
i Subject to call after July* 1,1898
Se w e r B onds—
LO ANSWhen Due.
E lectric L ig h t —
6-, 1 A .1. $5,100.......July 1,1899 JTotal debt July 1, 1892.. $82,100
5s, M&S, $19,000..----Mar. 1, 1910
Object to call
I Tax valuation 1892,.... .5,195,915 G*. A p ril, $13.000— A p r. 15, 1804
Subject to call a fte r M ar, 1, 1895
5*. July i, $4OJK>0. ...July 1, 190s j Population in 1890 was. 26/254
($1,000 due y ’rly ) to A p r. 15, 1900
H a n n ib a l School D istr ic t Subject to m i l alter July 1, 1893 1 Population In 1880 was. 25/224 5s.......... $20.000...................... 1912 Os, $20,000............................,1 8 9 5
O ptional a fter 1897.
| ~ !, $ 2 0 ,0 0 0 ......................... 1900
I N T E R E S T is pa y a b le in H annibal.
C H A R I T O N . - Th is tow nship is In H ow a rd County.
—
T O T A L D E B T , E t c .—^ he to ta l bonded debt on Oet. 1, 1892, -was
T
LO ANS™
Whe Due. Bonded debt Ju ly 1 , 1892 $75,000
It ED EMIT! ON BOftJMh1T a x valu ation 1 8 9 2 ...... 1,268,208 9149,800; sin king fund assets, $63,500; n et debt, $86,300.
5s....... $25,»wio . ...F e b . 1. 1909 , Popu lation in 1890 w a s ........ 3,054
A S S E S S E D V A L U A T I O N in 1892 w as $3,500,000; ta x 'r a t e (p e r
50 jkhj . ...... Feb, l , 1919 \Popu lation in 1880 w a s........ 4,006
$1,000), $25, o f w hich $14 w as State and county t a x and $11 e ity t a x ;
actual va lu e o f p ro p erty is " about $10,000,000.”
— This c ity is in L ivin gs to n County.
P O P U L A T I O N in 1890 w as 12,857; in 1880 w as 11,074;in 1870 w a s
. LOANSW hm Due. ■l tiu -rrii iKiyabi.- ;ir C ity Treasu ry.
10,125. A local estim ate places th e popu lation fo r 1892 at 15,000.
. fi-iv i.l;.i!i,b :t -I.
l, 1492.,$55,000
tu-.-.i-; A
-■ »| Julv-J3. l u l l
Popu lation tu 1800 w a s ........5,717
Subject to ra il J u ly ” 3, 1886 | Popu lation hi 1440 v o w ...... 4,078
St e v e n s ,
CASS
COUNTY
C E -N T E R .
C H A R I T O N CO.
C H IL L IC O T H E .
H E N R Y C O U N T Y .— W. M.
Treas
T h e county seat is Clinton.
L A R K
C O U N T Y . - a » county M
e Kuboka.
LO ANSWhen Due. Sinking fu n d ...................
$5,000
LO ANS
Whm Due. i «... Jan.. $50,000........ Jan. 1, 1915
Court H ouse B onds —
N e t debt Jan. 20 ,1 8 9 3 .. 589,000
C ourK uniiU . UH.
, ubject to call Jail. 1,1905
S
A u g , $ 7 5 ..*»i
Aug. 10.1905 T o ta l debt Ju ly 1 ,18 93.. $382,500 5s, M&S. $86,300.---- Mar. 1, 1912 T a x valu ation, r e a l........4,337,080
Subject to call a fte r fiv e years. T a x valuation, person al.2,441,620
6,. A p r . 10?,50*c , Apr. 1, 1901 I ra x valu ation 1892........3,980,950
R e f u n d in g .1 to * *11.
i Popu lation
in 1800 w as.15,128 July, $412,000 ....J u ly 1, 1907 T o ta l valu ation 1892___ 6,778,700
58,
Assessm ent is ki actual value.
I N T E R E S T mi 6* 1 payable to N ew Y ork at Xat, B ank o f Commence
*
Subject to call a fter Ju ly 1,1892 State ta x (per $1,000)............$2*50
5a, M ay, 132,000 . . . . M ay 1,1908 County t a x (per $1,000)....... 8*60
su bject to call a fter M ay 1 , 1893 A v e r a g e school t a x ................ 5*00
—
J . T h im b l e ,
T o ta l debt Jan. 20,1893. $594,000 Po p u lation in 1890 w as...... 28,235
* C ounty mmt is P la tts harg.
I N T E R E S T on the C ou rt H ou se bonds is payab le a t the C ounty
LO ANS
When Due. I T o ta l debt Jan. 1, 1893.. $50,090
T reasu rer’ s office; on others in N e w Y ork.
R a il r o a d a i d B o n d s —
j T a x valuation 1892— *.0,500,000
6*. July 1, $50,090 . .July 1,1995 i Bonds are exem pt.from taxation.
O ptional a lte r Ju ly l , 1895 i Population in 1890 w as— .17,138
W il l is ,
■
Th e county seat is Pa yette.
When Due. T a x valu ation,personal$2,131,207
LO AN
C O L E
C O U N T Y . - / j7 b . B r c x s , T r e a s u r e r .
County B onds—
T o ta l valu ation 1892___ 5,149,247
T h e county seat Is Jefferson C ity.
5s, Feb., $155,000___ Peb. 1,1909
Assessm ent is % actual value.
$7,605
When (lac. Sink lug fu n d . ........ .
LO ANS,
Subject to ca ll a fter Peb. 1,1894 State t a x (per $1,000) 1891. .$3-00
N et debt. Meh. 1, 1893...
74,395
F u n d in g B o n d s —
T o ta l debt Feb. 1 ,1 8 9 3 ... $155,000 County tax (per $1,000)........ 4-00”
T a x va lu a tion 1892 - ... .3,976,300 Sinking fu n d ..................
5s, Jam , $82,000 ......... ... ..1 9 0 8
15,000 A v e ra g e school t a x ................ 4-50
S tate & Co. ta x (per $1,000) $9*38 N et debt Feb. 1 ,1 8 9 3 ..., 140,000 Popu lation in 1890 w as...... 17,371
Subject to call a fte r 1898.
In teres t p a yab le a t Jefferson City. Popu lation in 1890 w as...... 17,281 T a x valu ation, r e a l....... 3,018,040 Popu lation in 1880 w as...... 18,428
T o ta l debt Meh, 1. 18^3...$82,090 Popu lation in 1880 w as...... 15,515
C
C L IN T O N C O U N T Y .
M
.
Treas.
H O W A R D CO.—A. F.
C U I V R E . — 'T his tow nship is in P ik e County.
LO AN S
When Due. |5 s , ....... $37.000........... Oct. 1,1907
F u n d in g B g n i :*#—
f
(Subject to call Oct. 1,1897)
5 a.
. . . . . . . O c t 1, 1907 | Bonded debt July 1. 1892. .$61,000
(Sopfeet. to c a ll)
f Popu lation in 1890 w a s . . . . . . 4,009
D A D E C O U N T Y / / j w . McDowell, Treas,
7
T h e county te a t hf O reenfleid.
Interest is paid prom p tly on the com prom ise 6s. Th ere are also
$33,000 railroad aid $ p e r cent bonds outstanding.
LOANS.
When due. T a x valuation, re a l...... $1,800,996
T a x valu ation, person’l. 1,963,193
Cg m frg h fse RR. B onds—
0%, Feb., $200,000,. Aug, 25, 1903 T otal valu ation 1892 ... 3,764,189
8 «W . tc* call a fte r Aug. 25, 1893 State ta x ip e r $1,000). . . . . . . $2*50
5*00
6s, F eb .,$35,000 . . . .S e p t 10, 1903 County ta x (per $ 1 ,0 0 0 )---8nbj. to ca ll a fter Sept. 10, 1893 Eatlroad ta x (per $1,000)... 6*00
5*00
T o ta l debt Feb. 1, 1 8 9 3 ..$268,000 A v e ra g e school t a x ... . . . . . . .
S in k in g fu n d .. . . . . - ........
29,412 Popu lation in 1890 w a s ... . .17,526
N e t debt Feb. 1, 1 8 9 3 .... 138,588 Popu lation in 1880 w as...... 12,557
I N T E R E S T 1* payable in >'<-w Y o rk bt N ation a l Bank o f Commerce.
J A C K S O N C O .—D. W.
Treasurer.
W
a l l a c e
,
Treasurer.
County seat is Independence.
LO A N S —
When Due.
Court H ouse B ond*—
4s, J & J. $3 25,000,...Jan. 1, 1894
($25,000 due y 'r ly .) to Jan. 1,1906
The 4s are $500 each.
T o ta l debt Ju ly 1,1892. $800,000*
T a x valu ation 1892....72,239,807
Popu lation in 1890 w a s .. .160,510
Popu lation in 1880 w a s ... 82,325
J E F F E R S O N C I T Y —J.E.M c H
City Cl'k,
e n r y ,
Jefferson C ity is situated in Cole County.
TFhen Due.
JEFFE RSO N C IT Y SO SO O L
LO ANS-
R efu nding B onds
D IS T R IC T .
R efu nding B onds—
5s, J & J , $ 7 1 ,5 0 0 ....Ju ly 1, 1897
T o ta l debt Jam 1 ,1 8 9 3 .. $69,500 5s, J&J, $25,000........Ju ly 1, 1908
Subject to call.
T a x valuation, r e a l........ 978,069
T a x valu ation, personal. 416,470 T o ta l debt June 1891...
$25,000
T o ta l valu ation 1892____1,394,539 T a x valu ation............... $1,419,6.65
$4-50
C ity ta x (per $1,000) 1891...$9-00 T a x rate per $1,000
Popu lation in 1890 w a s........ 0,742
Popu lation in 1880 w a s........ 5,271
I N T E R E S T is payable in St, Lou is at Fou rth N ation a l Bank.
STATE AW® CJTY SUf»TtETVf£WT<
114
J O H N S O N C O .—R. P.
D alto n,
Treasurer.
County seat is Warrensburg.
LOANS—
When Due. Tax valuation 1892....$9,309,823
Assessment about Li actual value.
R e d e m pt io n B onds —
•Ss, J&J, $83.200...... Jan. 31,1899 State tax (per *1,000) 1891..$3-oo
T o ta l debt Mar. 1,1892....$83,200 County tax tper $1,000)........ 5\50
Sinking fund.....................
9,500 Average school ta x ............... 4'70
S e t debt Mar. 1,1892........ 73,700 Population in 1890 was......28,132
J O P L I N . —J. R. K a v a n a g h , City Cleric.
Joplin is in Jasper County.
LO AN S—
When Due.
F unding B onds —
<3s, . .. . $30,000... .July 1, 1908
8 e w e r B onds <3s, .... $21,000.................. 1910
subject to call after 1895
J o p l in School D istk ic t —
^ 8f . ... $29,000. ...Feb. 1, 1909
eubj. to call after Feb. 1, 1899
City valuation, etc.—
Totai debt (last returns). $51,000
T ax valuation, re a l....... 822,056
T ax valuation, personal. 581,720
total valuation 1891___ 1,403,776
City tax (per $1,000).............$7-50
Population in 1890 w as....... 9,943
Population in 1880 was....... 7,038
TT- a t v t o a o
TrT ,,V '
5 W. S. COWHERD, Mayor,
A ^ A l N b A b O i l I .— {B E N J A M IN HOLMES, Comptroller.
Kansas City is situated in Jackson County.
The 4*2 per cent gold water bonds o f this city to the amount of
$2,000,000, offered for sale last year, failed to find a market, owing to
the threatened litigation by the National W ater Works Company. (See
'C h r o n ic l e . V. 54, p. 1021.)
LO AN S—
When Due.
SCHOOL D IS T R IC T .
Cit y H a l l a n d Se w e r —
LOANS—
When Due.
4s, A&O, $250,000... .Apr. 1 , 1910
B u il d in g B ond *—
4s, J&J, 250,000... .July 1, 1910 5 s , ....... , $60,000....J u ly 1, 1905
4 s , ........, 75,000.... July 1, 1906
F unding —
6 s, M&N, $250,000 .. .May 1, 1893 4 s , ....... , 100,000.... July 1, 1907
6 s, F&A, 142,500.. .Aug.15,1895 4 s , ........, 200,000....July 1, 1909
K ansas & N eosho R R.—
4 s , ....... , 150,000.... July 1, 1910
R e n e w a l B onds —
^7s, J&J, $161,000 ... .Jan. 1, 1897
^Re n e w a l —
1 0s,....... , $10,500...Jan. 1, 1894
fca,J&D, $50,000.......J u n el, 1895 1 0s,....... , 10,000...Mar. 1, 1895
8 s, M&N, 20,000......M ay 1, 1896 1 0s,........, 25,000...July 1, 1895
8s , ....... , 12,000... July 1, 1896
8s, J&D, 60,000...... Dec. 1, 1896
8s, J&D, 60,000.... Dec. 15, 1896
7,000 ...Jam 1,1897
8s , .........
8s, J&J,
40,000..... Jan. 1, 1897
6s , ....... , 35,000... J ul v 1, 1900
8s. F&A,
70,000.... Aug.15, 1897 5 s ,....... , 50,000 ... July 1,1901
7s, M&N, 40,000..... Nov. 1, 1898
6 s, J&J,
50,000..... Jan. 1, 1901
IN T E R E S T —Interest is payable in N ew York, at Ninth Nat. Bank.
T O T A L D E B T, S IN K IN G FU N D S, E TC .-T he subjoined state<ment shows the city’s total municipal debt, and the sinking fund held
by the city against the same at the dates indicated.
Jan.1,1893. April 1,’92. Oet.1,1890. Jan. 1,1889.
T otal bonded debt
$1,426,500 $1,439,500 $1,458,121 $1,045,121
■Sinking funds............
456,600
415,000
358,682
343,000
Vol. LVI
L IN C O L N C O U N T Y .—
County scat is Troy.
WhenDue. 5s, Feb., $100,000.. .May 15, 1908
Subject to call May 15, 1903
R e fu n d in g B onds (1888)—
5s, Feb., $125,000...May 15, 1908 Total debt July 1, 1893.. $3*25,000
Subject to call May 15, 1893 T ax valuation 1892........5,043,608
5s, Feb., $100,000...May 15, 1908 Population in 1890 w a s ----18,346
Subject to call May 15, 1898 Population in 1880 w a s___ 17,426
IN T E R E S T is payable in St. Louis by Third National Bank.
LO AN S—
O T T T ^ r A jS J A
5 W. H . PURSE, Mayor.
U l O l A & l N A . — {\V. F. SUDA, Treasurer
This city is in P ike County.
LO ANSWhen Due. T ax valuation, real......... $692,489
T ax valuation, personal. 233,575
R e fu n d in g B onds of 1889—
68, Jan., $4,500.............................. lo t a l valuation 1891...... 926,064
Assessment is 23 actual value.
5s., Jan., $20.000......Mar. 1, 1909
Subject to call after Mar. 1, 1894 State tax (per $1,000)........... $2*00
5s, Jan., $50,000........Mar. 1, 1909 County tax (per $1,000).......12*00
Subject to call after Mar. 1, 1899 City tax (per $1,000).............15*00
5s, Jan.. $50,000....... Mar. 1, 1900 Average school ta x ............... 6*50
Total debt Feb. 1,1893..$124,500 Population in 1890 w as........5,090
A ll o f the bonds are exem pt from city tax.
IN T E R E S T is payable at St. Louis.
t
M AC O N C O U N TY.—
The bonds described below are all
LO AN S—
When Due.
M. & M. R. R. A id —
10s, J&J, $57,000...... Jan. 1, 1882
8s, M&N, $175,000 ...M a y 2, 1890
7s, Feb., $14,000........
1879-’80
M A R IO N .—
This township
LO AN S—
WhenDue.
F u n d ing Bonds 1891—
5 s ,....... $66,000........Nov. 2, 1911
Subject to call Nov. 2, 1896
M A S O N .—
County seat is Macon City.
in litigation.
6s, Nov., $46,550........Nov. 1, ’72-3
6s, Sept., $19,350....... Sept. 16, ’72
Total bonds July 1,1892. .$311,900
T ax valuation ] 892___ 8,515,785
Population in 1890 was...... 30,575
is in Jasper County.
$66,000
Bonded debt July 1,’ 92.
Tax valuation 1892___ 2,953,700
Population in 1890 was ...... 9,323
Population in 1880 was ...... 5,316
This township is in Marion County.
LOANS—
When Due. Total debt July 1,1892...$255,©00
5s, April, $225,000..Mar. 15, 1910 T ax valu itiou 1892___ $7,533,110
subject o cali after Mar. 15,1895 Population in 1880 w a s .... 13,720
M O B E R L Y . - J . W. R a d s d a l e , Mayor.
Moberly is in Randolph County.
LOANS.
When due.
F u nd ing B onds —
6s, F&A, $100,500 ...Au g. 1, 1903
Subject to call after Aug. 1, 1893
M o b e r ly Sc h o o l D is t . B onds 68 . ... $7,000..................... 1895
Subject to call after 1890
6s . ... $8,000......................1906
Subject to call after 1896
Total debt (last returns) $105,000
Water debt (included)..
4,500
7,500
Sinking fund................
N et debt........................
97,500
T ax valuation 1890...... 1,250,000
T ax value is
of the actual value.
T ax rate (per $1,000)...
28*00
Population 1890 w a s...
8,215
Population 1880 w as..*
6,070
N e t debt............... $969,900 $1,024,500 $1,099,439
$702,123
The sinking fund received in 1890 the proceeds o f a ta x o f $1 per
■
l$l,000 on assessed valuation. The assets of the sinking fund in Octo
User 1892, consisted o f the fo llo w in g : K aw township bonds, $91,000 ;
I N T E R E S T is payable in St. Louis at State Bank.
ischool district bonds No. 7, $175,000; Blue township bonds, $39,000 ;
•oash, $13,681; total, $318,681.
The total debt of the school district on June 20,1890, w a $764,500; M O N R O E C O U N T Y . — County seat is Paris.
When Due. Bonded debt Mar. 1,1893 $61,000
'Sinking funds, $53,350; net debt, $711,150.
LO ANST ax valuation 1892 .......5,792,160
Co u n t y B onds —
ASSESSED V A L U A T IO N .—The city’ s assessed valuation and ta x
.May, 1895 Population in 1890 was......20,790
6s, aim., $61,000..
<rate have been as follow s in the years n am ed;
Population in 1880 was...... 19,071
Subject to call.
Real
Personal
Merchants,
* City Tax
Year.
Estate.
Property.
Banks, etc.
Total
per $1,000.
1892..
..$43,013,730 $21,779,24 t
$ .... $64,792,975 $14*00
M O R G A N C O U N T Y . — W . L. S t e p h e n s .
1890..
..61,010,327 13,155,900
8,319,330
82,485,557 12*50
1889..
.. 46,886,320
20,155,460
.................
67,041,780
11*00
County seat is Versailles.
1888..
..44,961,120 9,056,470 7,832,180
61,849,770 11*00
$10,000
LO AN SWhen dice. Floating debt................
1885..
.. 24,027,440 5,040,560
2,610,520
31,678,520 15*00
Total debt Apr. 1, 1892.. 155,700
Co m prom ise —
1880..
..9,389,560
2,354,5S0
1,634,810
13,378,950 22*00
6s, Apr., $27,500...... Apr. 7,1899 T ax valuation, re a l....... 1,575,878
* This is the city ta x proper. In 1888 the State and school ta x was
T ax valuation, personal. 767,135
Subject to call at any time.
-$9 50, making total tax rate $20*50. Real estate is assessed at 40 per 6s, Aug., $107,700...-Aug. 1,1903 Total valuation 1892... 2,343,013
-cent o f its actual value.
Subject to call alter Aug. 1,1893 Assessment is % actual value.
State ta x (per $1,000)..
$2-50
T h e total assessed valuation of school district in 1891 was $72,963,800.
Co u r t H ouse B onds—
lO'OO
P O P U L A T IO N . -In 1890 the population Avas 119,668 ; in 1880 it 6s, A&O, $10,500...... Apr. 1, 1909 County tax (per $1,000)
Average schooltax........
4'70
Subject to call at any time.
w a s 55,785 ; m 1870 it Avas 32,260.
Bonded debt July 1,1892.$145,700 Population in 1890 was...... 12,311
K . A W T O W N S H I P . — KaAV is in the County o f Jack'son, and is nearly co-extensive with Kansas City.
Valuation, <£c.
L O A N S .—
WhenDue.
R a il r o a d A id B o n d s :
Total debt July 1, 1892. .$250,000
8 s, J&J, $150,000..M ay 20, 1903 Population in 1890 was.. 132,716
7s, Feb. 1, 100,000..Aug. 1, 1893 Population in 1880 w as.. 58,343
IN T E R E S T is payable in N ew Y ork City.
K N O X C O U N T Y .— County seat is Edina. The bonds
w ere issued in aid o f the M. & M. RR., and are all in litigation.
Funded debt, 7s, 1893....$169,000 |Population in 1890 Avas
13,501
^Floating debt..................
20,000 |Population in 1880 w as
13,047
IN T E R E S T is payable at county treasury.
MOUNT PLE A SA N T,
< D. E. W YCOFF, Mayor.
-> E . T.. r ICE. Trustee.
R ---------
Tliis township is In Bates County.
LOANS—
When Due. Total valuation 1891...$1,851,685
State tax (per $1,000)........... $3’00
HR. A id B onds—
6 s, April, $5,000...... Oct. 1,1905 County tax (per $1,000)...... 4-00
5s, July, 160,000...... July 1, 1919 City ta x (per $1,000).............12'00
Bonded debt Mar. 1,1893. $165,000 Railroad tax (per (1,000)...... 8 '00
T ax valuation 1892....$1,850,490 Average school ta x ............... 4-00
T ax valuation, real...... 1,420,200 Population in 1890 was........ 3,831
T ax valuation, person’ l.
431,485 Population in 1880 w as........ 3,428
IN T E R E S T is payable at State Bank, St. Louis.
J L A C L E D E C O .—
County seat is Lebanon.
LO ANS—
When Due. Bonded debt July 1,’92.. $72,000
R ed em ptio n B onds —
T ax va luation 1892........2,440,060
.'5s,
$72,000.......June 30,1908
Population in 1890 w as...... 14,701
L A F A Y E T T E C O U N T Y . — County seat is Lex■ ngtom The bonds were issued in aid o f railroads, for funding county
warrants, and to pay interest on debt. Interest is prom ptly paid
•on all bonds except $2,000 issued in 1867 which are in litigation.
Valuation, <£c.—
L O A N S .—
When Hue.
C o u n t y B onds of 1876:
T ax valuation 1892...... $8,822,555
< J&J, $571,900...... Jan. 1,1901 Population in 1890 Avas...... 30,184
8s
T otal debt July 1, 1892..$571,900 Population in 1880 Avas......25,710
IN T E R E S T is payable in N ew York City at the Bank of America.
P E T T I S C O U N T Y . —J.
S. H
ughes,
Treasurer.
County seat is Sedalia. F ifty thousand dollars of the refunding
bonds have been called for payment on M ay 1, 1893.
T ax valuation, personal$2,958,177
LOANS—
WhenDue.
Total valuation 1892...10,476,127
Co u r t H ouse , 1884—
Assessment is i 5 actual value.
6s. J&J, $45,000....... July 1, 1904
State tax (per $1,000)........... $2*50
Subject to call.
County tax (per $1,000)........ 7*30
R e fu n d in g . 1888—
5s, May, $350,000...... M ay 1, 1908 Road tax (per $1,000)........... 2*00
Subject to call after M ay 1,1893 Population 1890 was........... 31,151
Total debt May 1, 1893. $345,000 Population 1880 was...........27,271
T ax valuation, real...... 7,517,950 Debt per capita 1890........ $12*91
IN T E R E S T on the Court House bonds is payable at Sedalia; on the
refunding bonds at N ew York city.
L E X IN G T O N
.— This township is in Lafayette County.
LO AN S—
When Due. 5 s ,....... $42,000........Aug. 1, 1910
F u n d ing B onds
Subject to call Aug. 1,1895.
e s , ........$11,000........Sept. 1,1902
Bonded debt July 1, ’ 92 $204,400
Tax valuation 1892.... 2,146,500
Subject to call.
<3e,........$151,300....July 1,1910 Population in 1890 w as.......7,968
Subject to call.
Population in 1880 w as.......6,970
P IE R C E
. — This township is in Lawrence County.
LO AN S—
When Due. I Bonded debt July 1,1892...$50,900
F u n d ing B onds —
I T ax valuation 1892.......... 745,639
6s , ...... $39,500........ Mar. 1, 1907 |Population in 1890 w as........ 3,718
5 s ,...... 17,400....... July 1,1919 |Population m 1880 w as........ 2,383
April, 18B3.
w m o m - m m ® * ihd tow ns,
P L A T T E C O U N T Y .- - J S. Krut%A.K, Treas.
C m m tf scat is
C ity .
When Due. [ T a x valu ation 1892___ $5,860,340
6s. Jan. I, $30,000--July 1, 1910
Su’o ieet to c a ll at any time.
§*» Jan. I, $115,000-.O ct. 1,19 08
Subject to c a ll at any tim e.
In teres t pa y a b le by C ou nty Treas.
T o ta l debt M a y 1 1892- $145,000
Assessm ent about *o actual valu e
j State ta x (per $1,000) 1890..$3*00
I County ta x (per $1.000)....... 9'00
Hoad ta x (p e rS M H X l)........... 1-00
Population In 1890 w as....... 16,24.8
J Popu lation in 1880 w as....... 17,366
|
P L E A S A N T H IL L . —
T h e bo mis are all lo litiga tio n .
J u ly 1,18 92, to $152,540,
T ills tow n sh ip is in Cass County,
Bonds and unpaid interest
a on
mu ted
LO ANS
When Due, Bonded debt J n lv 1,1892--S62,500
j T a x valuation 1892...... ..-769,115
6#? -.......$ 6 2,aoo....... .....Fa.ni due. | Po p u lation in 1890 w a s ____ . . . . ___
P U T N A M CO.—L. S. K. Me CcTcnix, Treas.
County seat is C n lu n vllie.
LO ANS—
When Due. , N et debt Jam. 1 ,1 8 9 3 ..
E.u i .k k .u . I'uNi >
$72,500
Tax valuation, tea l...... 1,714,-382
1 9 0 .4 9
-a latlou ,p ersonal 1,028,831
luatiuu 1 8 9 1 ... 3.343.713
iKm ai ( . v . - , . t a b o u t2-5actual value.
I
■ . 31.'.iOi i ______ ~-2\,n
- .tots. 1. 1390 $73,500 I Couutv la x (per 81.000)........ 7-00
It------ -------
Tax
•’ ...'On .VvcRi.,; .-I.ltuul ta x .................. 4-00
-
.......................
TO.tioo T w p . ta x iiK ir.8 l.o 0 0 )............. 2-00
Sink ing lo u d ........... ...........
3.500 Popu lation In 1890 w as........ 15,365
R A L L S C O U N T Y .—.Joins' S.
Clerk.
B k is c o e ,
C ou nty seat 4#
Condon.
LO ANS™ '
When Due. T a x valu ation, p e rs o n T ,$ l,414,590
’ R iim m s e B e » w T o ta l va lu ation 1 8 92 ... 4,366,569
5*. Feb,, $34#U*0O ...F e b . 1, 1909 . Assessm ent about % actu a l value.
....
........
. .
S*f.t dent iV b . 1,18 93.
340.000 : Popu lation in 1890 w a s ....12,294
Taut valu atioa* r e a l..* ,, 2,951,07!> | Po p u lation in 1880 w a s
11*838
#fiO O , fO iK i » n 4 $ 1,000 each,
I N T E R E S T I t pa y a b le In St, Lou is a t T h ird N ation a l Bank.
R A Y C O U N T Y .—ontmty sent is
LOANS—
When Due.
6s, J& D , 593,000*...June 1, 1898
6s,J& J, 675,000*...Jam. 1, 1899
5s, JA J, 476,000*...Jan. 1, 1900
4s, H « T, 2 0 3 ,0 0 0 *. M ay 3 ,1 9 0 2
Subject to call a fte r M a y 3, 1892
4$, J A J , 90,0 00*....July 2 ,1 9 0 3
Subject to call a fte r Ju ly 2, 1S93
4s, l‘\VA, $620,000*..,.Feb. 2, 1905
Subject to call a fte r Feb. 2, 1895
4s, A ,tO , 1,559,000*..Apr.10,1908
4s, M&N, £513,7001 .N o t . 2, 1911
4, M a N , $1,155,000*.N o t . 1, 1912
4s, J& J. 1,985,000*..Ju ly 1, 1918
3-65SJ&D, 2,844,100*Ju’e 25,1907
3-50S, F & A ,2 7 5,000 *...A ug. 1,1919
3-50s, J& D , 12 ,0 0 0 *...J’ ne 2,1920
11®
Sew ers :
6s, M&S, $6,000.,..Mar.
6s, M & N, 130,000*... M ay
1 ,1 8 9 4
1, 1895
6s, F & A , $340,000...Aug.
1 ,1 8 9 8
6s, M A N ,
1, 1894
T o w er G r o t e P a r k :
W ater W o r k s :
$800,000*Ju ly
ST. LO TUS C OUNTY B O N D S
ASSUMED.
G e n e r al P urpo ses :
6s, M & N , $500,000..M a y
1 ,1 8 9 5
6s, A & 0 ,$ 1 ,900.000 .A pr.
1, 1906
P a r k P urposes :
R enew als:
6s, J&J, $250,000....J u ly 1, 1893
6s, J&J, 300,000.... Jaa, 1 ,1 8 9 4
($100,000yearly)toJau, 1, 1896
t F o r particulars concern ing this Issue o f 4 p e r cent renew al bonds
and rem arks on St. Lou is’ s debt condition see V . 53, p. 853.
G O L D B O N D S .—AIL the city’ s bonds are payable, principal anbl
interest, in gold, except the $45,000 6s issued fo r purchase o f B lock 7t
and the $245,000 6s issued fo r purchase o f B lock 121. Item s m arked *
and i are payable, prin cipal and interest, in U. S. gold dollars o r ,£
sterling.
I N T E R E S T - W H E R E P A Y A B L E .—In terest on a ll bonds Is p a y a b le
in N ew Y o rk City—on the T o w e r G rove Pa rk 6s, and on the Purchase o f
Blocks 7 and 121 6s, at the National Bank o f the Republic; on a ll oth er
issues at the N ation al B ank o f Commerce. In terest on the bondB
m arked * is payable at the N ation a l Bank o f Commerce, N. Y ., o r a t the
oBice o f J. S. M organ & Co., London, at the option o f the holder; on th®
bonds m arked t in £ s te r lin g a tth e N ation al Bank o f Scotland (L im ite d ),
London, or in U nited States go ld dollars at the ra te o f $4-8665 fo r t h e
pound sterlin g at the N ation a l B ank o f Commerce, N e w Y o rk , a t t h e
option o f the holder.
T O T A L D E B T , S IN K IN G F U N D S , ETC.—The subjoined sta tem en t
shows.St. Louis's tota l m unicipal debt, the sin king fu nd held b y t h e
city against the same and the w a ter debt, on A p r il 11 1892, on A p r il
13, 1891 u n i on A p ril 7 1890. In June 1891, an amendm ent to th©
city 's charter was adopted, establishing a sinking fu nd w ith a r e v e n u e
sufficient to extingu ish the debt in about thirty-seven years. See V ,
53, p. 22.
BiehmoricL
1892.
1891.
1890.
A p r il 11.
A p r il 13.
A p r il 7.
mitts Bonn#™
T o ta l funded d e b t.............. $21,524,680
$21,672,874
$21,873,10©
Swt JsMO.r $70,000__ Oct. 1,1901 j sta te ta x (p e r $1,000) i8 9 1 ..$ 3 ,0O j Sinking fu n d ......................................
........
247,59®
j Co» isty tax (p e r $ l ,0 0 0 )...... 4*00 j
S»ib|ect to call at any Mine,
Bonded debt J niy l, *92, $79,000 i ita ilron d ta x (p e r $1 ,0 00)..... 5*00 N et debt on ......................... $ .........
, ........
$21,625,144
4*00 s W ater debt inch in tot. debt. $6,000,000
Tax yalstattow,. real..... 3,823,473 i A v e ra g e school t a x ...... .
$6,000,000
$6,000,00©
T ax valuation, person*!. 2,774.599 i Po p u lation in 1890 w a s .......24,215 t
On O ctober 10. 1891, the funded debt w as $20,232,100, to w h ic ii
should be added m atu rities o f 1890-91 ($966,000) and m aturities o f
*#100, $500 and §1,000 each.
June 1.1891 ($-175,000), redeem ed as described above. [See Ch r o n
INTEREST 1« payable at county treasury.
ic i .k . V. 55. p. 155.]
— County seat is 8t. Charles.
C I T Y P R O P E R T Y - —Th e c ity ow ns its w a ter w orks the estim ated!
Bonded debt Mar. 1.1893 $105,000 revenu e from which fo r w a ter rates, perm its, etc., fo r the fiscal y e a r
LO ANS—
WhenDue.
j To
WhenDue. ta l valu ation 1892,..$6,598,072
,\
-i-nnnt i- f a c t u a l value.
LO ANS—
S T . C H A R L E S CO.
00P *t% i§0icp#*«-S
|Tax valuation 1802........8,423.070
1 >,
0s
ati., §t00,000K
Attlt*# 1893 i Popu lation in 1890 w a s .....22,977
Sa, aamlaiii., S.OOO.Bep,, 1893 I Popu lation in 1880 w as...... 23,005
1892-93 is $1,210,000; op eratin g expenses and costs o f collectin g w a te s
rates, $415,000. F o r the y e a r 1891-92 th e revenu e w as $1,173,898;
net. op erating expenses and costs o f co llectin g w ater rates, $378,665,
In addition to the w a ter works the city ow ns its hospitals, insane asy
.... Th is tow n sh ip H in L a fa y e tte Co. F iv e
thottsand do llars o f bomb* t o n e d in 1870 and due In 1875 a re in iiti j lums and poor house, city hall, court house, ja il, house o f co rre ction
and w urk house, engine houses, m arkets, p o lice stations, parks, eto.
gaUatt.
LO AN3 When Due. j B onded d e b t J u lr 1.18 92 $32,000
A S S E S S E D V A L U A T I O N .—Th e c ity ’s assessed va lu ation (a bou t
P r s m v i it o v ii. T , x v a !u itii'u 1 8 9 2 .,___ 088,665
cash valu e) and t a x rate h a ve been as fo llo w s in the y e a rs
A 'lg. 1,1910 l*(j|(Ul itiou in 1390 w a s.......... 3,698
flu ,........ rtT .'K t i
155 A . i*isp<UaUuli it( 15 80 WAS.... .. 1.637 n a m ed :
S N I-A -B A R ,
■’ '
\
l.
S T. C L A I R C O U N T Y,-—
countyi#Oaoeoia.
LO ANS—
When Due. l B«n*k**i d ebt J u ly 1, *92. #221,000
* T kso .v S * -Kilo ft ? L ~
i T ax valUiititm 1*9*2........4,074.414
10*1,i-JtJ, #2
J u ly ! ,
.. . • P o pa ln iioB In 1890 w a s...... 10,747
6 $ I ,000 m ch.
S T . J O S E P H .—V . M. S h e p h e r d , Major.
V
8 *JcH It te MooUmomo County—
5
tef*li
which w s
m*
. OAN3"**^
When- Due, f
a
Hehoot District
B m u n m B uvos-—
ftt, VJkA.UnrJd***
\ n j. 1. 1903 |
l .VA, #100,000-----Aug. 1, 1908
44, k a a , 50u,:i«X*. ...Ju n, i, 1901 •
Subject to call a ft e r 1898
..... —
: 5 -, M A S, 115,000.... Mar. 1, 19 ID
a f t 00, £500 3)0*1 f 1,000 eaciu
|
Subject to cull a fte r 1895
I N T E R E S T l* payable in N ew Y o r k at N ation a l Bank o f Commerce.
T O T A L D E B T . E t c .—T otaf bonded debt O m t ret unis) w as f 1,527,700;
#*1,888 j to ta l amiiiri|»ftl debt, $1,534,588; deduct
ftia k io f fimet assets, $25,705; m t debt, $1,508,883, T h e School B it t r le t
bo'isd# a re wot a Itu bllity o f the city.
A S S E S S E O V A L U A T I O N . —T lie ta x valu ation o f real estate in 1891
w ? « $10.028,i s ) ; o f personal p rop erty w a « $8,773,997; total, $24,802,187: total ta x jw r 81,000, $28*50, which w as made up o f State ta x
> - 'tv
.
7 1**tm >
,
tax $3*00. In 1890 the
M w *AHd va lu a tion w
L 2 18 and in 18*9 $19.*> >3,369. T a x
va m attoo e t
dUatitct In 1894. w as $21,000,000.
P O P U L A n O N . - T h e popu lation In 1890 was 52,324; In 1880 w as
*2,431
S T. L O U IS .—0. P,
W
am br
H W
b,
Mayor.
The rif- v ;,;i'l county w ere m erged in 1877, the c ity assum ing the
bounty'# debt.
LO ANS.
T h e c it y hs# no flo atin g debt.
in ™ Due. I H odsb o r REFOOE:
M R m w K Ss:
i 6#. M&N. $50.000*.N o v.1 7 .1895
fts. MAN. h r,T im - M ay 5, 1895; runoitJUUS BtoCIC 7 *IU» 121:
tie, .I.tJ. $ (5 ,0 0 0 ......Ju ly 21, 1895
Pina 1>.■■ » i: IM ..... ..
/■
1, 1895 ! <K A AO, 245,000----A pr. 10, 1906
<?s,
Eksew als:
t’ l i . . it.- . Ti, ur :
ft#, M A N . tinXI.OW’' J u !}
t l * » C<>. ib w J K K S T ;
4a, J A D . *!l.'iO,OU«r. Juni
1, 1891 i 6 . M A N ,$1,074,000*.N ov. 1, 1893
MA Y , 372,000*...Ju ly 1,1 8 9 4
t , 1005 f « i . M A Y . 372.000*.. .M ay 1, 1895
Years.
Real Estate
and Personal
Property.
1892.... ...$280,474,850
18 91 .-- .. . 252,031.820
1890... ... 845,834,850
1889... ... 227,638,860
18 80 ... ... 214.427,690
1 8 84 ... ... 211.180,710
1879... ... 163,263,970
— Oil}/ tax per $1.000— New lim it
Old
New
Limits. Increased Lim its
$10 00
11 00
9 00
9 00
5 00
5 00
5 00
$14 00
15 00
15 00
14 00
10 00
$14 00
15 00
15 00
15 00
17 50
17 50
17 50
Bonded,
Debt,
in A p ril,
$21,524.68®
21,672,87*
21,873,10®
21,926,10®
22,942,00®
22,507,00®
22,604,000
P O P U L A T I O N . — In 1 8 9 0 popu lation w as 451,770; in 1880 t t w a a
350,018; in 1870 i t was 310,864.
S C H U Y L E R CO.—W. B.
County seat is Lancaster.
LO ANS—
When Due.
* R kfunding R.R.—
08, Jan., $176,700 ...J a n . 1,1902
Subject to ca ll a fter Jan. 1, 1892
T o ta l debt July 1, 1892.. $176,800
T a x valuation 18 9 2 ..... .2,650,000
T a x valu ation, real, *91.1,195,473
H ays,
Jr., Treasurer.
T a x va l., personal, 1891.$!,334,77C>
T otal valuation 1891... 2,530,243
Assessment abt. 35 p. o. actual v a L
State ta x (per $1,000)-------- $3*00
County ta x (per $ 1 ,0 0 0 )...... 5 ‘0&
A vera g e school t a x ........ .
4'00»
Popu lation in 1890 w a s ....11,249)
*$100, $500 and $1,000 each.
I N T E R E S T is payab le in N e w Y o r k at Farm ers’ Loa n & Trust.
S C O T L A N D CO.—I. M
.
Sm allw o o d ,
Treas.
County seat is Memphis. The ra ilroa d aid bonds are in litig a tio n .
In terest oil a ll other bonds is prom p tly paid.
LO ANS—
When Dae. F lo a tin g d e b t ................ $25,00®
T o ta l d e b t........................ 394,00®
UNJilNG BONDS—
10,00©
M ay, $340,000.. .M a y 12,1912 Sinking fund (abou t)---Subject to c a ll M ay 12,1897 N et debt Jan. 4 ,1 8 9 3 .... 384,00©
T a x valu ation 1893 (est.)3,500,00©
iir.KuAD ii> B unds —
:
D ec,, $13,000........ Sept. 1 , 189o Assessment about M actual value.
State ta x (per $1,000)............$2-5®
iiiooi. B onds —
_
County ta x (per $1,000)........ 8 -0®
. Dec., $10.000............Various.
A v e ra g e school t a x ----.. .. ... . 4'0©
Subject to call a t a n y time.
Popu lation in 1890 w a s ....12,874
I N T E R E S T on the school bonds is payab le at M em phis; on o th e rs
a t N ew Y o rk City.
STATE MID CITY SUff.l£M£flT,
110
Q r n A T T A
SK. W. 8TEVENS, Mayor.
O H U A ^ iA .
£ ED. HOUGH, Clerk.
Sedalia is in P ettis County.
LO AN S—
When Due. 5s, $20,000................July 1, 1909
Subject to call after July 1,1894
t F unding —
3s, M&N, $178,500....Nov. 1, 1907 5s, $30,000................ July 1, 1909
Subject to call after July 1,1899
Subject to call at any time.
Se w e r B onds —
t $100, $500 and $1,000 each
7s,F«feA, $10,000...... Aug. 5, 1893
* $1,000 each.
* School District Bonds—
Os, $20,000................
1905
T A X FR EE .—A ll bonds issued by this city arc exempt from taxa.
tion.
IN T E R E S T is payable in New York.
T O T A L D E B T, ETC—City's total debt February 1, 1893, was
-$188,500; sinking fund assets, $2,576. School D istrict bonds are
mot obligations of the city.
ASSESSED V A L U A T IO N in 1892 of real estate was $2,668,320;
personal property, $1,057,930; total, $3,726,250; total ta x (per $1,000),
^15*00. In 1S90 real estate was $2,458,637; personal property,
$1,021,286; total, $3,479,923; tax rate (per $1,000), $32-30, this in
cluding State and county tax $21-30, city tax proper, $11. Property
is assessed at 30 per cent o f its actual value.
P O P U L A T IO N .—The population in 1890 was 14,068 ; in 1880 was
'9,561; in 1870 was 4,560.
Vol. LVI.
State of North Dakota.
ITS
DEBT, RESOURCES,
E tc.
Organized as a Territory (A ct March 2, 1861) - March 2, 1861
Admitted as a State (A ct Feb. 22, 1889)
Nov. 2, 1889
Total area of State (square miles)
70,795
State C a p i t a l ................................................Bismarck
Governor (term exp. 1st Mon. Jan. 1895) Eli C. D. Shortridge
Secretary o f State (term ends 1st M od . Jan. ’95)
C, M. Dahl
Treasurer (term ends 1st Mon. Jan. 1895)
Kund J. Nomland
Legislature meets biennially in odd years on the first Tues
day after the first Monday in January, and sessions are limited
to sixty days.
H IS T O R Y O F D E B T .—On November 2, 1889, when, the Territory
of Dakota having been divided, North Dakota and South Dakota were
admitted as States by the proclamation of President Harrison, the
outstanding bonded debt of the old Territorial Government was
P akce.
$1,075,007*46. O f that debt North Dakota when it became a State
Springfield is situated in Greene County.
When Due. 4*28, sem-an.,$31,000.Oct. 1, 1911 appears to have assumed the amount of $539,807*46. On April 25,
LO ANSSt r e e t , E tc .—
Subject to call Oct. 1, 1901 1890, the State of North Dakota made au additional issue of bonds
.1892
8s, semi-ann., $14,000
F unding—
aggregating $150,000 for defraying extraordinary expenditures
Se w e r B onds —
6s, semi-ann.. $1,300.......... 1905
<5s, sem-an*, $37,000. July 15,1895 Total debt July 1, 1892 $202,300 incidental to the organization of the new government, and in 1891
22,000 bonds to the amount of $126,000 were issued. These items make
5s, sem-an., 19,000. Oc-t. 1,1911 Sinking fund................
Subject to call Oct. 1. 1896 T ax valuation 1800........7,663,543 together a total of $815,807, and after subtracting $20,000, which has
4*ss, sem-an. ,$50,000. May 1. 1911 Total tax per $1,000........... $25-00 been paid, we have $795,807, representing the funded debt o f North
Subject to call May 1, 1901 Population in 1890 w as...... 21,850
4 1 sem-an.,$50,000. July 1.1911 Population in 1880 was...... 6,522 Dakota at the close of its last fiscal year, October 31,1892. The
ss,
Subject to call July 1, 1901 Interest is payable in N ew York.
details o f this debt are as below.
R e v e n u e B onds LOANS—
When Due.
F u nding B onds —
4*2-s, A&O, $150,000.Apr. 25, 1905
St u a r t ,
4s, M&N, $106,000.Mar. 20, 1921
U n iv e r s it y B onds —
County seat is Milan. Interest is promptly paid on all except $4,000 4s, F<feA,
20,000. Aug. 1, 1921 6s, J&J, $24,000...July 1,1905
H o s p it a l B o ni s—
Subject to call after July 1,1895
o f -7 per cent bonds claimed to have been paid.
LO AN S—
When Due. Total debt Jan. 1,1893.. $185,000 6s, M&N, $50,000...M ay 1,1904 6s, M&N, $30,000...M ay 1,1903
Subject to call after M ay 1, 1894
Subject to call after M ay 1, 1893
ER. R e fu n d in g B ondsSinking funds................
14,392
68, J&J
$6,000....... Jan. 1, 1S99 Net debt Jan. 1, 1893.... 170,608 4*2S, M&N, $153,000 May 1, 1902 4s, M&N, $20,000... M ay 1, 1897
P enitk .n t ia r y B onds —
4s, M&N, $22,700..M ay 1,1909
5s. Feb., 175,000 ....... July 1, 1908 T ax valuation 1892....... 4,028,092
-•'ubjeetto call after M ay 1,1899
Subject to call after 1893.
Population in 1890 was.
19,000 6s. J&J, $14,600..July 1,1905
R EFUNI) ING W ARUANTS—
Subject to call after July 1,1895
IN T E R E S T is pay a fie in N ew Y ork and St. Louis.
4 *28, M&N, $29,000.M ay 1,1917 5s, M&S, $8,296--..Mar. 9,1894
Subject to call after Mar. 9, 1S91
Subject to call after May 1, 1897
R e fu n d in g B onds 5s, A&O, $55,211...Apr. 1,1894
— This township is in Jackson County.
48, M&N. $113,000.. May 15,1920
LO AN S—
When Due. I Bonded debt July 1,1892.$67,000
IN T E R E S T - W H E R E P A Y A B L E —Interest and principal of the
R efu nd ing B onds 1892—
Population in 1890 w as........2,020
-4s,....... $67,000.............. Optional ( Population in 1880 w as........ 2,124 refunding bonds are payable at the otiice o f the State Treasurer in
Bismarck. Interest and principal of all other bonds are payable at the
—
G. B r y a n ,
Chemical National Bank in N ew York.
ASSESSED V A L U A T IO N .—The State’s assessed valuation has been
County seat is Nevada.
Total Ass.
LO AN S—
When Due. Bonded debt Apr. 1,1893. $153,000 as fo llo w s :
Real Estate. Personal Property.
Valuation•
RR. R efunding B onds—
Floating d e b t.................
5,000 Tears.
5s, . ... $153,000...... Sept. 1, 1908 T ax valuation 1892........ 6,977,909 1891................................................ .
...........
$88,189,673
Subject to call after Sept. 1,1893 Population in 1890 was.
31,505 1890.............................. 65,181,177
23,021,867
88,203,044
Interest is payable in New York. Population in 1880 was.
19,369 1889..................................................
...........
66,857,436
D E B T L IM IT A T IO N .—The limitations to the debt-making power o f
the State and municipalities o f North Dakota are found in A rticle X I I
o f its Constitution. The provisions with reference to the matter are
Warrensliurg is in Johnson County.
LO AN S—
When Due. Net debt Jan. 1, 1893___ $50,000 complete and stringent, and are as follows.
Section 182. The State may, to meet casual deficits or failure in the
F unding B onds—
T ax valuation 1892........ 1,300,000
•6s, MAS, $3,500............................. Assessment about % actual value. revenue, or in case of extraordinary emergencies, contract debts, but
Subject to call.
State ta x (per $1,000)........... $2-60 such debts shall never in the aggregate exceed the sum of tw o hundred
B efcnding Bonds—
County ta x (per $1.000)...... 7-00
J8, Apr. 15, $50,000.Apr. 15, 1910 City tax (per $1,000).............10-00 thousand dollars, exclusive of what may be the debt of North Dakota
Subj. to call after Apr. 15, 1895 Average school ta x ............... 6’20 at the time o f the adoption o f this Constitution. E very such debt
TVrtaldebt Jan. 1,1893.. $53,500 Population in 1890 was....... 6,096
.■Sinking fund..................
3.500 Population in 1880 was....... 5,778 shall be authorized by law for certain purposes, to be definitely men
IN T E R E S T is payable by the National Bank o f Commerce, New tioned therein, and every such law shall provide for levyin g an annual
ta x sufficient to pay the interest semi-annually, and the principal
"York.
within th irty years from the passage of such law, and shall specially
appropriate the proceeds o f such tax to the payment of said principal
— County seat is Potosi.
and interest, and such appropriation shall not be repealed nor the tax
LO AN S—
When Due.
Total debt Mar. 1891...... $41,000 discontinued until such debt, both principal and interest, shall have
F unding—
Sinking fund assets....................... 6,000
«Ss, J&J, $41,000.........Sept., 1902 T ax valuation 1892........ 2,544,264 been fully paid. No debt in excess o f the lim it named shall be incurred
, Subject to call Sept-.,
-1892 Population in 1890 was...... 13,153 except for the purpose o f repelling invasion, suppressing insurrection,
defending the State in time of war, or to provide for public defense in
case o f threatened hostilities, but the issuing of new bonds to refund
—
St u m p f ,
existing indebtedness shall not be construed to he any part or portion
This township is in Lafayette Count y.
LO A N S -When Due. T ax valuation 1892____ $1,000,000 of said two hundred thousand dollars.
F unding Bonds
Assessmeut about 13 actual value.
Sec. 183. The debt o f any county, township, city, town, school district
e s , J&J, $6,000.................. 1902 State tax (per $1,000)........... $2-50
or any other political subdivision, shall never exceed fiv e (s )p e r centum
Subject to call.
County ta x (per $1,000)........ 6-50
-As, J&J, $30,000......S ept, 1,1912 City tax (per $1,000).............10-00 upon the assessed value of the taxable property therein; provided,
Subject to call Sept. 1,1897.
Average school ta x .............. 3-00 that any incorporated city may, b y a two-thirds vote, increase such in
'Total debt Sept, 1, ’ 92 ....$36,000 Population in 1890 w as........ 3,048
debtedness three (3 ) per centum ou such assessed value beyond said five
(j) per centum limit. In estimating the indebtedness which a city,
county, township, school district or any other political subdivision may
incur, the entire amount o f existing indebtedness, whether contracted
prior or subsequent to the adoption o f this < onstitution shall be in
cluded ; provided, further, that any incorporated city may become in
debted in any amount not exceeding four (4) per centum on such
assessed value without regard to the existing indebtedness of such
city, for the purpose o f constructing or purchasing water works for
furnishing a supply o f w ater to the inhabitants o f such city, or for the
purpose of constructing sewers, and for no other purpose whatever.
A ll bonds or obligations in excess o f the amount o f indebtedness per
mitted by this Constitution given by any city, county, township, town,
school district, or any other political subdivision, shall be void.
Sec . 184. Any city, county, township, town, school district, or any
other political subdivision, incurring indebtedness shall, at.or before
the time o f so doing, provide for the collection o f an annual tax suffi-
S P R IN G F IE L D .—E. D.
Mayor.
S U L L I V A N CO.—J. H.
Treasurer.
V AN BUREN.
V E R N O N COUNTY.
E.
Treae.
W A R R E N S B U R G .- f
W A S H I N G T O N CO.
W A S H IN G T O N .
F. W.
Treasurer.
O
^T-H b/tKQ
T/i—CITIES fijm TOWffg,
April, 1893.
« ie n t to p a y the in terest and also the prin cipal thereof w hen due, and
a ll la w s or ordinances p ro v id in g fo r the paym ent o f the In terest or
prin cipal o f a n y debt shall be irrep eala b le u n til such debt be paid.
S e c . 185. N eith er the State n o r a n y county, city, township, to w n
school district, or any other p olitic a l subdivision, shall loan or g iv e its
credit o r m ake donations to o r in aid o f any individual, association or
co rp ora tion , excep t fo r necessary support o f the poor, n or subscribe to
■
the ow n er o f the capital stock o f any association or corpor
a tion . n or shall the State engage in any w ork o f in tern a l im provem ent
ciniios a u th o rized h y a two-thirds v o te o f the people.
r'tx . 137. N o bond o r evidence o f indebtedness o f the State shall be
va lid unless the same shall .have endorsed thereon a certificate, signed
itor
se creta ry o f State, show ing th at the bond o r
evid e n ce o f debt is issued pursuant to la w and is w ith in the debt lim it;
N o bond o r evidence o f debt o f a n y county, o r bond o f any township -or
oth er political subdivision, shall be va lid unless the same have endorsed
thereon a certificate signed by the County Auditor, or other officer
authorized by la w to sign such certificate, stating th at said bond or
• T id e nee o f debt is issued pursuant t o la w and is w ith in the debt lim it.
C A S S C O U N T Y .—
1 1 ?
Geo.
County seat is Fargo.
LO ANS—
When Due,
Cot!jet H ouse B onds —
7s, J&J, $25,000........ Ju ly 1,19 15
Subject to call a lte r Ju ly 1,1895.
R oad a n d B ridg e B onds—
7s, M & N , $ 2 5 ,0 0 0 ....M ay 15,1915
Subject to call a fte r M ay 15, 1895,
T o ta l debt Feb., 1893........$50,000
X
io h o l s
R efu nd ing B onds—
B A N K S —S T A T E , N A T IO N A L AN D S A V IN G S IN S T IT U T IO N S . I 7s, M&S, $20,000...... Sept. 1,19 02
Treas.
County seat is E llendale.
N e t d e b t........................... $52,703
T a x va lu ation 1891.,___ 2,850,377
Popu lation 1890 w a s ______________ 5,578
E M M O N S C O U N T Y .—J. U.
County seat is W illiam sport.
LO A N S —
When Due.
,
V aluation, re a l.............. $8,783,572
V aluation, person a l___ 2,718,915
T a x va lu ation 1892___ 11,502,487
Assessm ent abt. 50 p. o, act. value
State ta x (per $1,000)...........$4-00
County t a x (per $1,000)....... 6-30
Po p u lation 1890 w a s............19,613
Popu lation 1880 w a s ........... 8,998
D IC K IE Y C O U N T Y . —
Bonded debt (last re t'n s ). .$55,500
F lo a tin g d e b t.....................
5,423
T o ta l d eb t........................... 60,923
Sinking fu n d ......................
8,220
E.
Treas.
M e r r il l ,
T o ta l d eb t......................... $44,343
T a x va lu ation 1891........ 978,612
T a x rate (per $1,000) 1890 $15*20
Po p u lation 1890 w a s ............ 1,971
Popu lation 1880 w a s ...................... 38
—
-The S u te of N orth D akota Dee. 1, 1892, had 34 national banks, w ith In t. paid b y Ghem. N at’l B ’k, N. Y.
Funded debt (last ret’ n s ). .$20,000
£2,515,000 ca p ita l and 80,387,201 deposits. These deposits are v e ry F lo a tin g debt....... ............. 24,343
m uch larger th a n 'th o se o f the 46 banks in N orth and South D akota
•combined at the end o f 1885, and the capital Is but little less than at
TT A TD C ' O
5 E. H . S M IT H , M ayor,
th at tim e. Th e State banks are g r o w in g v e r y numerous and the a gg re r Y A lW V x k J — £ A . O. R U P E R T , A u d itor.
g a te o f th eir business is increasing, A n act to p rov id e fo r the organ i
F argo is situated in Cass County. A l l bonds are subject to ca ll before
zation and govern m en t o f S tate banks w as ap p roved Feb ru ary 20 1890 i
and under It n«* firm , co rp oration o r individu al was a llow ed to continue I
When Due. Bonded debt 1 8 9 2 ........ $221,000
LO ANS$20,000... ...... 1903 F lo a tin g d e b t ..................
10,479
the business o f franking a fte r A ugu st 20 1S90 ex cep t b y o rg an izin g I Bridges,
Bridges, &c.., 9 ,00 0... ...... 1904 T o ta l debt 1 8 9 2 ...._____ 231,479
under the act. U p to O ctober 29, 1892, seven ty-fou r banks and p riv a te j Funding,
34 ,0 00... ...... 1901 Valuation, r e a l............. .1,672,045
b a n k * 1- h id ■
*rz:-»
umb-r that law , and fo r that date the aggregates 1
do
37,000... ...... 1893 V aluation, personal........ 798,662
Sewers,
19,000... ...... 1903 T o ta l valu ation 1892___ 2,470,707
a r e shown In the fo llo w in g .
do
8,0 0 0 ... . . . . . 1902 Assessm ent about % actual value.
Streets,
9,0 0 0 ... ...... 1901 P o p u lation in 1890 w a s ........ 5,664
S'wtimmL
Shttr.
Kntimamt.
Mate. ! W ater,
5,000... . . . . . 1896 Population, in 1880 w a s ........ 2,693
K ia b A J h ilk
Mfte, 9,‘ 92*| (OeLU9g92.) {Pee. 24.)
do
10, w o . . . ...... 1901
N o . ‘ if b.*nk*,. . . . . . .
34
71
10
do
10,000... . . . . . 1906
C a p ita l .................... $2,515,000
8970,500
*$2,625,450
. . . . ____
j do
6 0 ,0 00... ____ 1911
.......... I
IJeposit*, tndividT. 6,397,201
3,003,309
*3,958,697
.............. *
H ale,
it «v»t .iiu tu am i d u u iu D akota i/ui iti ULTl.
4 Tfrte is total fo r N orth and South uuiM>lit combined.
This city is situated in Grand F orks County.
A * regard* ti
b ile E x am in er in his report, fo r i
Se w e r B onds —
LO AN SWhen Due.
1890 *aid tim t thfcre is up la w fo r tlbe organ ica tion and conduct o f J B r id g e B onu s
6s. J&J, $18,000.................... 1893
es, Mar., $50.000.......M ar, 1, X900
($2,000 due yea rly) to 1901
Having* hank.*,, and thiit the on ly ia vltii 8a frank In. operation w h en the |
6s, J&J, $30,000.................... 1902
hsmkiilg la w Mhove referred to went in t0 op eration w as ob liged to q u it 1 C it y IT h i B o n d s —
7s, N ov., $5,000........ H ov. 1, 1806
(3,000 due y e a rly ) to 1911.
frittliMtAH ter I I m
th iit that la w lxi effect proh ibited the successful [ FlUB XiKl-UlTHBNT—
Str e e t B onds—
i 7s, A ug., $6.000........ A ug. 1. 1897 7s, Aug., $24,000...... Aug. 1, 1897
♦on d tietin g o f iiieh biialTi
F unding B onds —
W ITBB WnRKS—
P O P U L A T I O N O F S T A T E , —A s a separate po litical division N orth j 6s. A & 0 ,$ 5 1 ,0 0 0 ...... Oct. 1, 1910
7s, Aug., $15,000.......A u g. 1, 1897
D akota has had on ly a b rie f existence, Congress h a vin g provid ed fo r its j
7s, June, 15,000........ June 1, 1899
7s. N ov., 18,000........N ov. 5, 1905
-creation in 1999 out o f th at pa rt o f the old territo ry o f D a k ota ly in g j
n orth o f the 16th p a ra lle l o f latitude, the pa rt south o f that latitude j • The sew er bonds in tlie above iable are payab le b y special assess
bein g called South Dakota. T h e occasion was a m em orable one, since | m ent on prop erty benefltted.
b y the unit: act Montana and W ashington w ere also g ive n authority to ! IN T E R E S T on tlie brid ge bonds Is payab le in Grand F o r k s ; on the
wrgao'./r tit*-f!j*odv*-M as States, thus p rov id in g altogeth er fo r fo u r new c ity hall bonds in St. Pau l, and on a ll other issues In N e w Y ork.
m em bers o f the Union. In area th e d iv isio n between N orth and South
BONDED D E B T on March i , 1892, was $334,000 ; deduct sinking
D akota was on a n early equal, basis; but In poptilation South D akota f m ills $18,995; net bonded debt $215,005. F lo a tin g debt $2,882. Th e
g o t m-o'h the greater part, s till, according to the last F ederal Census, c it y ow ns Its w a ter w orks, valu ed at $160,000, and other prop erty
*the a ggrega te o f popttladtm In N orth D akota In 1890 w as 182,719, or am ounting to $96,000; to ta l c ity prop erty, $256,000.
A bout fiv e time# what it w as ten years before, in 1880, on the same area.
T A X V A L U A T I O N in 1891 o f rea l estate w as $2,174,942; o f per
O f course since then num ber* have fu rth er increased. Th e State sonal p rop erty $582,780; to ta l $2,757,722. T o ta l t a x r „ t e (per $1,000)
9 o*AC!*Mert excellen t farm in g land, and tw o grea t railroa d systems— $33-70, including S tate ta x $6-50, county t a x $4-00, c ity ta x $16’00,
nam ely the Northern Pacific and the G reat N orthern o r M anitoba—pass a vera g e school t a x $7-20. In 1890 r e a l estate, $2,051,344; personal
p ro p e rty $737,674; tota l $2,789,018. T o ta l ta x (per $1,000) $33-60.
e n t ir e ly through It from e » * t to westP ro p erty is assessed at about 40 p e r cent o f its actual value.
1890 . 183,719
1880. ..30,009
1870.. .*14*181
I8 6 0 .. .*4,837
P O P U L A T I O N in 1890 was 4,979; in 1880 w as 1,705.
* This is total fo r both N orth and South Dakota.
T h e Increase o f popu lation in N orth D akota in 1880-90, It w ill be seen, l
G R I G G S C O . — N i c o l a i S w e n s o n , Treasurer.
m m 145,810, t g a a ] to 395*05 per cent.
County seat, is Cooperstown.
Funded debt 1 8 9 3 ............ $62,000 IN e t debt 1892.................. $70,977
F loa tin g d e b t .............
10,493 IT a x va lu ation 1892......... 1,674,695
T o ta l d eb t........................... 72,493 IPopu lation 1890 w a s------------------- 2,817
Sinking fu nd.......................
1,516 [
m rity.
atu
G R A N D F O R K S —0. A.
C it ie s , C o u n t ie s
an d
T owns
J A M E S T O W N ,—
IN THE
STATE OF NORTH DAKOTA.
B A R N E S CO.—0. S. Walker, Auditor.
County seat h» V a lle y C ity.
Funded debt 1892. . . . . . . . $38,500 f T a x valu ation 1901..,,$3,355,190
F lo a t; rig debt . . . . . ......... 27,*<h > j Popu lation 1890 w a s ...
7,045
T o t a l debt . . . . . .
. . . . . . . . 86,300 j Popu lation 1880 w a n .. .
* 1,585
B I S M A R C K . —I. P.
Ba k e r ,
Mayor.
In . S&J. $25,000
W en D e. , Funded <lebt (last returns).$3 ■
h u
F lo a titig d e b t
........ .
...M u r 1, 1001 j Sinking fu n d s ...-------. . .
> .........................
t
IV
J
5 1,200
14,446
7 '•
-('-■M ....1,5-5,182
l
.July 1, 1003 ; T a x r a t e (p e r 9?1,000).. . .
$15*50
O SjJA J,
l.o o u ......July 1, 1.000 } Popu lation I S O O W f t s . 2, 168
in te re s t pay able in N ew Turk.
: P o p u la tio n 1880 w a s ....
1,758
B U R L E IG H C O U N T Y .
A nd rew Blew ett,
— County seat is Bism arck.
F tsihI M fieri? Hast r e f ris) $118,100 |N et d e b t,......... ......... .
$154,463
F lo a H n * ifrtu. ..............
63.421 T a x valu ation 1891___ 3,494,944
T o t a l debt ........... ......... I s 1,527 i Popttlatfon 1890 w a s ...
4,247
'SlnklrtiT fund ..................
27/»5 h | Popu lation 1880 w a s ....
3,246
813 :- 000 refunding bonds w ere offered in March, 1891.
*•
City Clerk,
Jam estown Is situated in Stutsman County.
LO ANSWhen Due. T o ta l debt........................... $66,200
T a x valuation, rea l........... 687,587
F unding B onds —
7s. Ju ly 1, $5,000...... Mar. 6, 1899 T a x valuation, person al...229,639
T o ta l valu ation 1892........ 917,226
School , B onds—
7s, Ju ly 1, $50,000...M ay 25, 1907 Assessm ent same as aetual value.
State t a x (per $1,000)............$4-70
W arrants —F unding —
8s. J u ly 1, $5 ,0 0 0 ....Sept, 1, 1896 County ta x (per $ 1 ,0 0 0 )....... 5-30
C ity ta x (per $1,000)..............22-00
7s. Ju ly 1, 5 .0 0 0 ...Melt. 22, 1900
Funded debt Moll. 1,1893.$65,000 A vera g e school t a x ................ 2-00
F loa tin g debt......................
1,200 Popu lation 1890 w a s............. 2,296
IN T E R E S T payable In Jam estown.
K ID D E R C O U N T Y .—G e o .
Bism arck to situated in B urleigh County. The bondsIssued b y the c ity
all ex em p t from taxa tion .
F t:.* £ i > * ,>
$*,
Auditor.
County seat is Steele.
B onded debt 1 8 9 3 .......... $53,500
F lo a tin g debt.....................
6,300
T o ta l d eb t........................... 59,800
Sinking fu n d....................... 7,262
8. R
o berts,
Treas.
N e t debt...................... . . $52,533
T a x va lu ation 1 8 9 2 .... 1,071,787
1,211
Popu lation 1890 w as..
8J
Po p u lation 1880 w as..
M O R T O N C O U N T Y .—F . A.
B r ig g s ,
Treas.
County scat is Maudau.
LO A N S —
B ridge B onds—
When. due.
7 b. Jau..$5,000......... Jan. 1. 1899
F unding B onds—
7s. June, $25,000......June I , 1898
Co urt H ouse bonds —
7b, J&J, $35,000...... J u ly 1, 1905
Interest pa yab le in N ew York.
A l l issues exem pt from taxation.
Total debt, Valuation, etc.
Funded debt Mull. 1, ’93. $65,000
F lo a tin g debt.................
18,220
T o ta l debt........................
83,220
T a x valu ation 1891 ....... 2,372,650
Assessm ent about :il actual value.
T a x rate (per $1,000) in >90..$9-60
Popu lation 1890 w as.............4,728
Popu lation 1880 w as............. 200
6TATE m t) CITY M TTLZV& W .
118
N E L S O N C O U N T Y .—N. F.
W ebb,
Auditor.
County seat is Lakota.
When Due.
T ax valuation, real......$1,113,287
T ax valuation, p erson !
367,269
T ax valuation 1892.... 1,480,556
Assessment is «,o actual value.
State tax (per $1,000)........... $6-00
County tax (per $1,000)........ 12*30
Seed Gr ain B onds—
7s, A&O, 17,000...... Apr. 1, 1900 Average school t a x ............... 8*50
Average township t a x ......... 3*40
Total debt Jan. 1, 1893
$59,787
Sinking funds and cash
29,726 Population in 1890 w as....... 4,293
N et debt............................ 30,061 Population in 1892 (about).. 4,400
T A X FREE.—A ll the bonds issued by this county are exempt from
taxation.
LOANS—
F unding B onds—
8s, July, $30,000....... July 1, 1905
Subject to call after July 1,1895
7s, A&O, $10,000...... Apr. 1, 1901
R A M S E Y C O U N TY.—
Vol LVI
IN TE R E S T—W HERE P A Y A B L E —Interest on the Agricultural
College and Madison Normal School bonds is payable at the office o f
the State Treasurer; on the Constitutional and Settlement bonds at
the Seaboard National Bank in N ew Y o r k ; on the 3*2 per cent refund"
ing bonds at the Chase National Bank in N ew York ; and on all other
bonds at the Chemical National Bank in N ew York.
TO TAL
lj
D E B T .—The total funded debt January 1, 1892, was
$1,040,200.
ASSESSED V A L U A T IO N .—The State’s assessed valuation has been
as fo llo w s ;
Tear.
Real Estate.
Personal Property.
V a lu a tion .
1 8 9 2 ..........................................
...........
$127,377,990
1890...... .................$51,475,558
$45,866,882
97,342,440
County seat is D evil’s Lake.
DEBT LIM IT A T IO N . —South Dakota has incorporated into its
Constitution very stringent provisions lim iting the debt making pow er
of the State and its municipalities. A ll these provisions are found in
Article X III., and are as follows.
Section 1. Neither the State nor any county, township or munici
pality shall loan or give its credit or make donation to or in aid o f any
Grouer,
individual, association or corporation, except for the necessary support
County Beat is Forman. Assessed valuation as given Below is about o f the poor, nor subscribe to or become the owner o f the capital stock
o f any association or corporation, nor x>ay or become responsible for
40 per cent o f actual value.
the debt or liability of any individual, association or corporation; pro
LO ANS—
When Due. Funded debt, 1893. $13,000
Floating debt..........
21,979
F unding—
vided, that the State may assume or pay such debt or liability when in
I otal debt..............
34,979
7s, J&D, $10,000...................1895
curred in tim e of w ar for the defense o f the State. N or shall the State
T ax valuation 1892.2,000,000
Seed Grain —
$30-00 engage in any w ork o f internal improvement.
7s, J&D, $3,000...................1895 Tot. tax (p. $1,000) 1892
Population 1890 w as___
5.076
Interest is payable in Boston.
S ec . 2. For the purpose o f defraying extraordinary expenses ana
making public improvements, or to meet casual deficits or failure in
reveuue, the State may contract debts n ever to exceed with previous
F l in t ,
debt# in the aggregate $100,000, and no greater indebtedness shall be
County seat is Jamestown.
incurred except fo r the purpose o f repelling invasion, suppressing in
LOANS—
When due. T ax valuation, real......$3,275,607
ar,
R oad and B ridge B oni s—
Tax valuation, personal
830,159 surrection, or defending the State or the United States in wT and p r* 7s, July, $36,500...... May 1, 1903 Total valuation 1892... 4,105,766 vision shall be made by law for the payment o f the interest annually,,
Coukt H ouse and J a il B onds- Assessment same as actual value.
and the principal when due, by ta x levied for the purpose, or from
68, July, $27,000...... M ay 1, 1909 State tax (per $1,000)........... $4-70
Interest payable in New York.
County tax (per $1,000)...... 5*30 other sources of revenue; which law providing for the payment o f
Total debt Moh. 1,1892....$63,500 Average school ta x ............... 2*00 such interest and principal by such ta x tax or otherwise shall be
Sinking fund.....................
2,000 Population 1890 was.............5,266 lrrepealable until such debt is paid; provided, however, the State Of
N et debt............................ 61,500 Population 1880 was............. 1,007
South Dakota shall have the power to refund the Territorial debt
assumed by the State o f South Dakota by bonds o f the State o f South
W ELLS
W ik e t ,
Dakota.
S ec . 3. That the indebtedness o f the State o f South Dakota, limited
County seat is Syieston.
LOANS—
When Due. Total debt (last returns). $13,194 by section 2 o f this article, shall be in addition to the debt o f the
Sinking fund..................
144 Territory of Dakota, assumed by and agreed to be paid by South
F unding Bonds—
7b, J&D, $8,000.........J u n e l ,1902 Net debt..........................
13,050
Besd B onds—
T ax valuation 1891 .......1,104,505 Dakota.
Sec . 4. The debt o f any county, city, town, school district, or other
7s, A&O, $1,500....... A p r 1,1899 T ax rate (per $1,000)___
$13-00
7e, A&O, 2,000....... Apr. 1, 1900 Population 1890 was_____________ 1,212
subdivision, shall never exceed five p er centum upon the assessed value
Interest payable in N ew York.
o f the taxable property therein. In estimating the amount o f indebt
edness which a municipality or subdivision may incur, the amount of
indebtedness contracted prior to the adoption o f this Constitution
shall be included.
Sec . 5. A n y city, county, town, school district or any other sub
division incurring indebtedness shall, at or before the time of so doing,
provide for the collection o f an annual tax sufficient to pay the interest
and also the principal thereof when due, and all laws or ordinances
providing fo r the payment of the interest or principal of any debt
ITS
shall be irrepealable until such debt be paid.
Bonded debt (last returns).$88,000 T ax valuation 1891... $2,097,514
4,418
Floating debt.....................
8,007 Population 1890 was
281
Sinking funds.................... 7,196 Population 1880 w as---N et debt............................. 88,811
S A R G E N T C O U N T Y .—A. M.
Treas.
S T U T S M A N C O U N T Y —C. E.
Treas.
C O U N T Y .—S. H.
Treasurer.
State of South Dakota.
DEBT, RESOURCES, Etc.
Organized as a Territory (A ct March 2, 1861) - March 2, 1861
Admitted as a State (A ct Feb. 22, 1889)
Nov. 2, 1889
Total area of State (square miles)
77.650
State C a p i t a l , ........................................................ Pierre
Governor (till Tues. aft. 1st Mon. Jan. ’95)
C. H. Sheldon
Sec*y of State (till Tues. aft. 1st Mon. Jan. ’95) Thomas Thnrson
Treasurer (till Tues. after 1st Mon. Jan. 1895)
W . W . Taylor
Legislature meets biennially in odd years on the Tuesday
after the 1st Monday in January, and sessions are limited to
60 days.
H ISTO R Y OF DEBT.—Out o f a total funded debt o f $1,075,007*46
owed by the Territory o f Dakota, Nov., 1890, South Dakota on becoming
a State Nov. 2,1890, assumed $710,200*00. In March, 1890, the new
State made tw o other issues of bonds, oue fo r $100,000 and the other
lo r $50,000; and on Jan. 1, 1891, other issues fo r $135,000 o f 3*2 per
cents and $25,000 o f 4 per cents were marketed.
These last
four lots, amounting to $310,000, represented (1) indebtedness out'
standing against the Territory other than bonded indebtedness which
South Dakota assumed on becoming a State, and (2) deficiencies of
revenue incidental to the first year of its organization as a State.
Altogether, therefore, on Jan. 1,1892, the funded obligations o f South
Dakota outstanding reached $1,040,200, the details o f which are
subjoined.
LOANS—
When Due. 6s, J&J, $59,600......July 1, 1905
Constitutional B onds—
subject to call after July 1, 1895
4s, J&J, $100,000 .... Mar. 1,1910 5s, J&J, 25,000......May. 1,1897
P enitentiary B onds5s, J&J, 10,000.......Nov. 20, 1903
4128, J&J, $14,300... .May 1,1907
subject to call after Nov. 20,1893
subject to call after M ay 1,1897 5s, J&J, 10,000....... Dec. 31,1903
R i-fun jng Bondssulneet to call after Dec. 31, 1893
3128, J&J, $92,500....Nov. 1, 1912 5s, J&S, 3,000.......
1904
412s, J&J. 90,000. ...M a y 1,1907
subject to call after 1894
subject to call after May 1, 1897 5s, J&J, 76,000....... M ay 1,1907
4s, J&J, 107,500...Sept. 16, 1909 subject to call after M ay 1, 1897
8CHOOL AND CoLLKG BONDS—
4^8, J&J, 35,800...May 1,1897
6s, J&J, $42,000....... M ay 1, 1903 4*28, J&J, 84,500...May 1,1907
subject to call after May 1,1893
8 ttlkm ent B onds—
6s, J&J, 15,000....... May 1, 1905 4s, J&J, $70,000....... Mar. 1,1910
subject to call after M ay 1,1890
Soldi rs’ H ome B onds—
4s, J&J, $45,000....... M ay 1, 1909
PO PU LATIO N OF ST A T E .—It is hardly necessary to say that pop
ulation has increased very decidedly in the section of country nowknown as the State of South Dakota. As w ill be remembered, the old
Territory o f Dakota was by A c t o f Congress in 1889 divided up into tw o
nearly equal portions, and authority given to form tw o new States, one
to be called North Dakota and the other South Dakota, the same act
also providing for the admission o f Washington and Montana as States.
Nearly the whole o f the old Territory o f Dakota had proved itself by
experience good farm ing land, the soil being rich and fertile, but South
Dakota was much the more populous part o f the territory. According
to the Census o f 1890 the new State had an aggregate o f 328,808 inhab
itants. Ten years previously the whole o f the Territory o f Dakota,
comprising both North and South Dakota, contained only 135,177
inhabitants, and of these 98,268 were located in South Dakota. In 1870
the whole Territory had but 14,181 population. Practically the entire
growth has occurred during the last tw o decades.
1890.. .328,808
1880...98,268
1870...*14,181
1860. ..*4,837
* This is the total for both North and South Dakota.
The increase in South Dakota in the decade between 1880 and 1890, i i
w ill be seen, was 230,540 or 234*60 per cent.
B A N K S -S T A T E , N A T IO N A L AND SAVINGS IN STITU TIO N S.
—Banking operations in South Dakota alone now are larger than for the
whole o f the old Territory o f Dakota (comprising the present States o f
North and South Dakota) in 1885. There were on Dec. 9,1892,40 national
banks in the State, w ith $2,610,000 capital and$5,177,263 deposits, which
compares with $2,625,450 capital and $3,958,697 deposits for the 46
national banks in the Territory of Dakota in 1885. As regards the State
banks, an act very similar to that o f North Dakota was passed in 1891
and went into effect September 10,1891. The act sought to prohibit
private banking and 10 confine tbe banking business exclusively to as
sociations organized under tbe act, but this portion o f the law ha9 been
declared unconstitutional by the State Supreme Court. W ith that
exception, the act remains the banking law o f the State. Corporations
organized under it are required to make reports at least four times a
year. Under date of May 14,1892, the Public Exam iner had returns
from 70 banks organize d under this act, and o f 40 banks iucorporated
under the general corporation laws of the State before the banking
la w was passed. These 110 institutions had aggregate capital of
$1,890,141, aggregate surplus and profits o f $377,021 and aggregate
deposits of $2,823,429.
-
N £ 8 ^ S M —DEBT Of ST/VTE,
April, 1893.
-1892.-1885.Sationnl.
I State.
National.
State
Sotrra D akota . (D«c. 9,’92.) (Jfuy ll,'92.) (Dec. 24.)
Number of bank*___
49
no
'46
Capita]................... $2,610,000 $1,890,141 *$2,625,450
Surplus and profits..
934,483
377,021
*905.353 .
Deposits. Individual. 5,177,263 2,823.429
*3,958,697 ..........
119
IN T E R E S T on the funding bonds is payable in Rapid City and on
the ja il bonds in N ew York.
R A P ID C IT Y
5JAM M W O S M
ES . O D , ayor.
1 Y . - j WM. H. L a BEE, Treasurer.
Rapid City, is situated in Pennington County.
LO A N S —
When Due. Total debt May 1,1892.. $121,000
F unding Bonds—
T ax valuation, real....... 1,000,000
6s, A AO, $91,000................t a n
Tax valuation, personal. 733,000
Subject to call after 1906 Total valuation 1892......1,733,000
Bonded debt May 1, 1S92.$91,000
Assessment is l2 actual value.
Floating debt.................... 30,000 Population 1890 was............2,128
— ....................... — ,— «
INTE R E ST is payable at the Hauover National Bank, New York
City.
■Tills Is total for North aad South Dakota combined.
' Totals antler thts head include trust companies and savings banks as
well as the ordinary commercial banks.
It will be seen that altogether, counting all the various institutions,
the State has over 4*9 million dollars o f bauking capital divided among
150 organizations, and the deposits are iu excess of eight million
dollars.
S IO U X F A L L S . —
C it ie s , C o u n t ie s a n d
T ow ns
IS T1IL
STATE OF SOUTH DAKOTA.
a D P D f t tr tT M
J A U G U 8 TC . W ITTE, Mayor.
A t S f c . K L J f c . f c . l N . — f GEORGE F. COVELL, Treat
This city la situated in Brown County.
WAci* Due. j 6s, J&J, $10,609.......July 1. 1899
LOANSC irr Bonne—
to July 1. 1909
i » . JAJ , $20,000...... Jau. 1, 1903 |Funded debt Apr. 1,1893. $90,050
ClTT H a l l Floating debt.................
19,000
A s JAJ. $15,000...... July 1, 1897 Sinking fund*.................
2,000
to July l, 1907 T ax valuation 1892....... 1, 331.538
F c ro rs o Bonne—
Total tax (per $1,000)...
37-00
7», JAJ, $10,000 . ...Jau. V 1899 Population 1890 was ...
3,182
to Jau. 1. 1909
Sawi!it Bonne—
7*. FAJ, $35,000......Aug. 1. 1899 ,
to Aug. 1, 1908 I
IN T E R E S T 1* payable at the Chemical National Bank. New York.
T U R N E R CO. — J o h n D.
C H A M B E R L A I N . —J o h n F. A n d e r s o n , Mayor.
Chamber Urn U •U ua UkI in Brule Coil my.
LOANS—
When Due. j Total debt *laat n turns).. .$50,500
SCHOOL
j Tax valuation................ 833,70t
tie. F A A , 015,000. ...A u r. 1, 1905 | Population 1890 win......
939 (
IN T E R E S T payable in !ffew York
C U S T E R C O U N T Y .—B. M. T unley, Treas.
P o rter
P.
P
eck,
Mayor.
Sioux Falls is situated in Minnehaha County.
LO A NS—
When Due.
R ailroad A id B onds—
Bkidge B onds—
10s, A&O, $20,000....Apr. 1,1898
7s, Nov., $12,000.......Nov. 1.1903
7s, Moll., 60,000... .Mar. 9,1907
6s, July,
8,000.......July 1,1906 Total debt Mar. 21,1892. $341,000
Funding Bonds—
Sinking funds................
15,000
7s, July, 35,000......... July 2, 1903 Net debt......................... 226,000
7s, Jan., 10,000......... Jan. 1,1904 Tax valuation 1891........ 5,752,161
7s, Aug., 17,500......... Aug. 1,1905 Tot. tax rate (per $1,000)
$34'00
5s, JAJ, 78,500......... Jan. 1, 1910 Population 1890 was___
10,177
Population 1880 was___
2,164
INTE R E ST on the 10 per cent i ailroad aid bonds is payable at the
Metropolitan National Bank, New York; on 7 per cent funding bonds,
due in 1903, at the City Treasurer’s office; on the 5 per cent funding
bonds at Seaboard National Bank, New York, and interest ou all other
bonds at the Chemical National Bank, New York.
P O P U L A T IO N in 1890 was 10,177; in 1880 was 2,164.
H
eesen,
Treas.
County seat is Parker. There are bridge bonds outstanding to amount
of $2,000.
LO A NS—
When Due.
Assessment is 3-5 actual, value.
C nty B nds—
«»i
o
State tax (per $1,000)...
$2*50
0*. J,lcJ. $20,000*..... July 7, 1907 County tax (per $1,000).
8*75
Total debt Mar. 1,1893.. $*22,000 Average school ta x .......
9*00
Tax valuation 1892....... 4,082,808 Population 1890 waa___
10,250
Y A N K T O N C O U N TY.—
County seat ia Yankton.
Total debt 1893............. $323,000 I Population 1890 waa...........10,444
[ Tax valuation 1892....... *1,082,800 |Population 1880 waa......... 8,390
County M at U Cuater.
LO AN $—
IThen Due. i Fund, debt (laat return*) $78,846 ;
F u n m n u B »ni>*—
Float hut debt................
28,952
10*. M»r. an., *4.450.July
1,1899 BlukiuiC fund* ...........
7.122
7a, Aur. au.. 31.390.Apr.
1. 1900 Tax valuation 1892 ... 1,019.132
8a, MAN.
2O.U0O.May 10, 1906 |
Aaaeaaiuent aboutactual value.
Rer
Bond *—
! Tax rate (per $1.00u>__
$30*00
«K MAN, *20.000 May 10, 1901 Population 1890 waa....
4,891
j Population 1880 w aa....
939
IN T E R E S T payaUts in Custer, 8. D.
D A V IS O N C O U N T Y —
County se t is Mitchell.
a
Fund, debt <la*l return*!. *70,350 ;Population 1890 was............. 6,814
Tax valuation 1892. ___2,283,420 |
Population 1880 was............. 3,010
State of Nebraska.
ITS
DEBT, RESOURCES,
E tc .
Organized as a Territory (Act May 30. 1854) - Itay 30, 1854
Admitted as a State (A ct April 19, 1864)
March 1, 1867
G R A N T C O U N T Y — County seat Is Millbank.
Total area of State (square miles)
.
.
.
.
77,510
LOANS—
When Due. ' Funded debt Jan. 1893... $107,550
.
.
.
.
.
.
.
Lincoln
F tvdiwci BOUrm—
Tax valuation 1892......... 2,143,748 State Capital,
7*. JAJ, *.5.20*» ................. 1903 Population 1890 waa............. 6,814 Governor (term exp. Thurs. aft. 1st Tues. Jan. ’95) L. CrouDse
Optional after 1893
! Population 1880 was............3,010
Secretary of State (till Thurs. aft. 1st Tues. Jan.’95) J. C. Allen
$•, J AJ. *52,350 ..................1905 |
Optional after 1895
Treasurer (till Thurs. after 1st Tues. Jan. ’95) Jos. S. Bartley
Legislature meets biennially in odd years on the 1st Tuesday
L A W R E N C E C O - K . G. P h i l l i p s , Treas.
of January, and sessions “ shall not be less than sixty days,”
County (Mtt ia Dead wood.
Ft ndrddrut 1892.......... $674,779 ! Tax valuation 1892 ...$<4,429,537 hut are not otherwise limited. Members of the Legislature
Float)mr debt ____
9,2541 Population 1890 w a s ......... 11,673
Cash. »*t«' ...
34.094 Population 1880 w a s ..........13,248 “ shall not receive pay for more than 60 days at any one
Net debt........................ 549.0411
sitting, nor more than >00 days during their term.”
M I N N E H A H A CO. -C. L.
N orton,
Treas.
H ISTO R Y O F D E B T.—Freedom from a funded debt of any im«
portant amount has always been the condition o f Nebraska, and conse *
qucutly there are but few events to lie recorded. Indeed there are
but three transactions o f general interest that need citing. The first Is
the act passed by the Legislature February 17, 1875, authorizing
an Issue of $50,000 bonds for the purpose o f purchasing
seed grain for distribution among the farmers of the State requiring
IN T E R E S T payable In New York.
seed because of the ravages of tile grasshoppers in 1874; the act pro
vides for the levying of an annual tax o f one-tenth mill on the dollar, in
%» i t t * L I IT I T
J R. B. WELCH, Mayor,
CVIl 1 v-/ n tl. L. I— *--- 1 h . K. K IBBEE, Treamirer.
<
addition to all other taxes, for the payment of interest and the
MiUsh«illa<rttftaUHlln Daviaoti County. TbecUlzeun will rot©this aprlng redemption o f the principal. The second Is the act passed by the
Legislature February 14, 1877. authorizing the funding of aU out
ii [>
od uw proposition to buno wbool bond* to the amount of $30,000.
When Due. Total debt Feb. 1.1893 ...$78,500 standing warrants (the Constitution of 1875 having required tills to be
LOANS—
Tax valuation, real...........627.670 done), the act further stating the total amount of warrants to be
Firxn im )
.................... 1Tax valuation, personal... 194,361
7*. JAJ, $2,000
Total valuation 1892........822,037 $560,369 38 ; under tills law the aggregate of bonds issued was
HCIIWIL B o i l * * $549,267 35, the permanent school fund taking $426,267 35, the re
.....
Aftflavoiuient 1» 23 actual value.
7*. MAN, $11.500
Total tax (p er$1,000)....... $38*70 mainder ($123,000) being sold at a premium of $8,610 to highest bid
W % *w B o i r * —
t
8ept. 1, 1901 Population 1890 waa.................... 2,217 These two negotiations left the funded debt of the State in 1877
7*. MAJB, $15,000
der.
8nbJ*»uf U* eall after Sept. 1,1*94
in the following shape.
7*. PA A, $50,000 ...A u «. 1, I960
Issue o f 1875 for grasshopper sufferers................... $50,000 00
nrfHltOt to call aft^r A ujj. 1, 1896
Issue of 1877 for outstanding warrants................... 549,207 35
St e r l in g ,
Total funded debt iu 1877...............................$599,267 35
Owtnlf v a t i* Rapid City.
Of tho above bonds the permanent school fund in 1877 Held $426,267
Balance nn hand............... $10,034 j
LOANS—
When Due.
Netdebt Jan. 1, 1693---- 154,763 I 35. as already stated. There is but one other transaction to be men
P e n g o n* 1.1,.—
IDs, March.*18,430... March, 1609 Tax valuation, real ......2,480,662 . tioned, and that is the act of tho Legislature of 1891 authorizing the
T*. July,
10 . 160...July 1, 1903 Tax valuation, personal. 826,141 | issue of State bonds to the amount of $100,000 for the purchase of
6*. MAO,
2O.Ml0 .Mar. 1, 1914 Total valuation 1802 . .3,306,803 supplies and seed-grain for distribution among needy farmers who
elate tax iper$l,oOOi .......... $2’*>0 |
J a n . B o n o *—
r
7*. M AS, $13.000____M ay 1, 1096 County tax 11**1 $1,000).... 18'.»0 j lost their crops in 1890. These are 4 per cent bonds and have 5
Bonded debt Jm . 1, 1693 .$72,030 Average school tax............ 14*00 years to run, and were sold at 101 to 102. A t present the details of the
Population In 1890 wn*....... 6,540
Floating daM ...........— -■ *' ,747
funded debt o f the State are as follows.
Total debt Jan. 1.1003
169,307 Population In 1680 was..--- 2,244
County mat t* M m i Full*.
Valuation, ete.—
LO ANSThen Due.
$89,360
Fud’d debt Mur. 1 *92.
Corner I louse B <itm—
t i*i. AAO, $40,000 . Apt. 1.1001 Tax valuation 1891... 1*2.256,530
$11*30
i . r $1,000).
4«*l, A AO, 40,000
Apt 1.1909
population 18W) w w .
21,879
K t r t o t i n o B o » d* Popiilation 1880 wa*.
8,251
4*. A AO. *0,300
. Fell. 15.1900 I I
P E N N I N G T O N CO.—A. P.
Auditor, j
120
LOANS—
STATE ATI© CITY SU fflEM EflT.
Vol. LVI.
'--- Interest.— - ----------P rin cip a l --------- ! proper for the construction or maintenance o f sewers, for renewal or
P. Ct. Payable. When due.
Outsland'g. |funding of outstanding bonds, for paying floating debt, for the con
Bonds, act of Feb. 14,1877.... 8 A & O Apr. 1,1897
$449,267
struction of a city hall or other needful city buildings, for
R elief bonds, act of Apr.,1891 4
Jan. 1 Apr. 1,1896
100,000
tne purchase o f gas works, water works or land for public
PAR VALUE OF BONDS.—The bonds are for $1,000 each.
parks. Restrictions, however, are provided as follow s: (1) That
INTEREST WHERE PAYAB LE —Interest is payable in New Y o rk
the bonded indebtedness of the city exclusive o f district paving
by Kountze Brothers.
bonds and curbing and guttering bonds heretofore issued, o f bonds issued
T O T A L DEBT, E TC —The subjoined statement shows Nebraska’ s
for the erection of a city hall, district grading bonds hereafter issued,
total funded debt outstanding and in the School fund July L891, and
and bonds issued for park purposes, shall not at any time exceed in the
December, 1888, and the assets held against the same on the first of
aggregate 12% per cent o f the assessed valuation. (2) No bonds shall
December, 1890 and 1888.
be issued except renewal bonds, bonds for paving, bonds for appropria
Liabilities—
1891.
1888.
$123,000 tion of gas works or water works or land for public parks or boulevards,
Bonds outstanding............................. ...
Bonds in permanent school fund............ ........ 326,267
326,267 bonds for curbing or guttering purposes, bonds for the erection of public
buildings in excess of $200,000 in one year, nor (3) until the “ legal elec
Total funded debt...............................
$449,267
tors of said city shall have authorized the same by a vote o f twoResources—
1890.
1888.
$181,681 thirds of all electors voting.” Section 80 page 135 o f the same chap
94,234
187,682 ter rebuires a sinking fund to be provided to pay interest and to redeem
Delinquent sinking fund; taxes, e tc....... .......
Total resources................................. ....... $289,622
$369,363 the bonds at maturity, and for that purpose it is required that a tax
P E R M A N E N T S C H O O L F U N D .—In addition to the $326,267 of shall be levied not exceeding one per cent.
“ District Street Improvement Bonds,” “ Grading Bonds,” and
State bonds mentioned above, the school fund holds: cash, $522,364;
“ P aving Bonds,” are authorized by section 69 page 127. These
Donds and mortgages, $13,250; United States bonds, $15,000; sundry
State of Nebraska coim ty bonds, $1,881,676; total o f all, $2,758,557* bond issues are all to be preceded by a tax on the property benefitted,
ASSESSED V A L U A T IO N .—The total assessed valuation (33% per the tax payable in ten payments, the first within 50 days and the other
nine payments within the nine years following. The bonds have not
cent of true value) and tax rate per $1,000 have been:
more than ten years to run and the ta x is a lien on the land and is expected
Total Assessed Tax rate
Total Assessed Tax rate
Tears.
Valuation, per $1,000 Fear«.
Valuation. p er $1,000 to pay the bonds. The cost of paving, re-paving and macadamizing the
1890... ...$181,770,301
$6 24
1881... ..$126,615,886
$7 69% intersections of streets in any paving district is paid by the city and
1889... ... 183,763,533
6 50
1883... .. 110,543,644
7 40
the same section gives authority to issue bonds for that purpose.
7 50
1S82... .. 98,537,475
1888... ... 176,012,820
(2) Cities o f the first class (more than 25,000 inhabitants) are author
8 12% 1881... .. 93,142,456
1887... ... 160,506,266
7 62% 1880... .. 90,499,618
1886... ... 143,932,570
ized (in sub-divisions 20, 21,22 of section 67, chapter 13a, page 174, of
7 72% 1870... .. 75,467,398
1885... ... 133,418,699
the Statutes of Nebraska, edition of 1891), to borrow money, issue
DEBT LIMITATION. —Nebraska has carefully provided in its Con- bonds, and to provide a sinking fund. Sub-division 20 is a general
Btitution against creating State indebtedness, but has le ft city and other authority “ to borrow money on the credit o f the city,” though nothing
municipal indebtedness chiefly in the care of the Legislature.
is said about the issue o f bonds, warrants or any form of security; but
(1) STATE indebtedness is restricted to $100,000 to meet casual defi
we presume all that is implied. Sub-division 21 authorizes the issue of
cits in revenues, except in case of invasions, &c., while the loaning by bonds for funding purposes. Sub-division 22 makes provision for a
the State of its credit is prohibited. The sections of the Constitution
sinking fund to pay interest as it accrues and principal at maturity of
which have reference to these matters are the following.
the bonded indebtedness o f the city and to levy a tax in addition to
A rticle 12, Section 1. [Debts.] The State may, to meet casual defi
cits or failures in the revenues, contract debts never to exceed in the •ther taxes for the purpose, &c.
For paring, guttering. &c., the law is found in section 69, page 179*
aggregate one hundred thousand dollars; and no greater indebtedness
shall be incurred except for the purpose of repelling invasion, suppress «fcc., which provides for the issue o f “ District Paving Bonds” and of
ing insurrection, or defending the State in war; and provision shall be
made for the payment of the interest annually, as it shall accrue, by a “ Curbing and Guttering Bonds,” after levyin g a tax for the improve
tax levied for the purpose, or from other sources o f revenue, which law ments, in most part follow ing the same plan provided for cities of the
providing for the payment of such interest by such tax shall be irre- metropolitan olaas indicated above.
pealable until such debt be paid
(3) Cities o f the first class (less than 25,000 inhabitants) have the
A rticle 12, Section 3. The credit of the State shall never be given same general authority granted for borrowing money, refunding bonds,
or loaned in aid of any individual, association or corporation.
(2 ) O IT Y and other m u n icipal indebtedness is without any recogni and providing a sinking fund for debt, as above noted for cities o f the
tion in the Constitution except so far as relates to donations to railroads first class of more than 25,000 inhabitants. The authority is found in
and to subscriptions to the stock o f railroads and other corporations sub-divisions 22, 23 and 24 of section 68, page 205, of the 1891 edition
or associations. We subjoin the sections of the Constitution which in of the Nebraska Statutes.
For paving, curbing, guttering streets and sidewalks, levying a tax
any way relate to municipal debt-making.
A rticle 12, Section 2. [M u n icip a l Donations.] No city, coimty and issuing bonds, the law is quite similar to the law for the other cities
town, precinct, municipality, or other sub-division of the State, mentioned above. Thesematters are provided for in section 63, chapter
shall ever make donations to any railroad or other works of 13a, page 210, of the 1891 editionof the “ CompiledStatutes o f Nebraska.’ *
internal improvement, unless a proposition so to do shall have been
(4) Cities o f the second class (including all other cities and villages
first submitted to the qualified electors thereof at any election by
authority of law ; Provided, That such donations of a county with the containing more than 1,000 inhabitants) are not of sufficient importance
donations of such sub-divisions in the aggregate shall not exceed ten in connection with these investigations to make it needful to more than
per cent o f the assessed valuation of such county; Provided fu rth er,
That any city or county may, by a two-thirds vote, increase such indebt- refer to the statutes where the laws govering them can be found. Chap
ness five per cent in addition to such ten per cent, and no bonds or ter 14, pages 223 to 282 of the 1891 edition of the Statutes covers the
evidences of indebtedness so issued shall be valid unless the same shall whole subject. Page 267, sub-division 37, contains the general author
have endorsed thereon a certificate signed by the Secretary and Auditor
ity for borrowing money, and on page 269, etc., sub-division 58, w ill be
• f State, showing that the same is issued pursuant to law.
A rticle 11, Section 1. [M un icip a l Corporations.] No city, county, found the regulations respecting streets, grading, paving, etc.
There is one other important and general statute providing for the
town, precinct, municipality, or other sub-division o f the State, shall
ever become a subscriber to the capital stock, or owner of such stock, or issue of bonds which should not be passed over without notice. I t is
any portion o f interest therein, of any railroad or private corporation
chapter 45, pages 539 to 541 inclusive, and covers the general subject o f
• r association.
IN T E R N A L IM P R O V E M E N T , authorising any county o r city in
With so little attempt at regulating by Constitutional restrictions the
debts o f cities, towns and counties, the Legislature has of course been Nebraska to issue bonds in aid of any railroad or other in tern a l im prove
required to provide laws covering the subject. For that purpose, and ment. The proposition must first be submitted to a vote o f the county
fo r the purpose o f framing general statutes which would also facilitate or city, must receive two-thirds of the votes cast, and must be accom
the incorporation o f these municipalities, the Legislature has classified panied by a provision to levy a tax annually for the payment o f interest
, and for payment of principal when due. The details w ill all be found
eities under the follow ing general heads:
(1) Cities of the metropolitan class includes all cities having, or which on the pages referred to above.
NAME AND PURPOSE,
shall hereafter have, 80,000 inhabitants.
(2) Cities of the first class include all cities having less than 100,000
and more than 25,000 inhabitants.
(3) Cities of the first class having less than 25,000 and more than 10,©00 inhabitants, rank apparently third.
(4) Cities of the second class include all cities, towns and villages con
taming more than 1,000 and less than 25,000 inhabitants, and ap
parently form a fourth division.
I t w ill be noted that in the above “ cities of the first class” appear
wice—that is in the divisions marked (2) and (3J—the population differ
in g however. Also, it appears that in the classification according to
population, cities of the “ metropolitan class ” and “ cities of the first
•lass” in sub-division (2) overlap. The same is true likewise o f sub
division (3) “ cities o f the first class,” and “ cities o f the second class” in
sub-division (4). We have not sufficiently studied the whole of these
laws to know what object is covered by these apparent irregularities
but have no doubt that the arrangement is made in the form adopted
for some satisfactory reason.
We cannot attempt to give more than in bare outline the statutory
regulations affecting the issue of bonds by each of these classes o f cities
But w e will likewise give references to the statutes which relate to each
•lass, so that our readers can, if they desire, inform themselves more
fully.
1, u The M etrojiolitan Class" finds general authority for the issue of
bonds in section 66 chapter 12a, page 126, of the “ Compiled Statutes
o f Nebraska,” edition of 1891. That section authorizes the issue of
ity bonds of such length of time as the mayor and council may deem
BANKS-STATE, NATIONAL AND SAVINGS INSTITUTIONS.
—Nebraska has added very largely to its banking capital in recent
years, and the operations of the banks are now on quite an extensive
scale. Thus on Dec. 9,1892, there were 135 national banks, w ith 29
million dollars deposits, while on December 24 1885 there were only
77 banks, with 10% million deposits. But the State banks and the prij
vate banks also do a large business, and are much more numerous than
the national banks. A new banking law for the State banks was passed
in 1889 and went into effect July 1 o f that year. On July 12, 1892,
there were 525 banks and private bankers in the State, with over 14
millions capital and 1 millions o f deposits.
-1885.-1892.State.*
National.
State.
National.
(July. 12,’92.) (Dec. 24.)
N ebraska .
(Dec. 9, ’92.)
525
77
Number of banks...
135
C apital................... $13,268,100 $14,032,650 $6,143,900 .............
1,341,918
1,801,249 .............
Surplus and profits. 3,510,750
15,123,847 10,788,190 .............
Deposits, individ’l.. 29,173,838
* Figures here include all banks in the State other than national.
The State and national banks combined at latest dates had 27%
millions o f capital and 44% millions o f deposits.
POPULATION OF S T A T E .—According to the Federal Census o f
1890 Nebraska had a population of over a million inhabitants (1,058,910), and its advance to this position is all the more wonderful since
the history o f the State hardly extends more than tw o decades back
from the last Census year. Nebraska and Kansas were organized as
territories by one and the same A ct in 1854, but while Kansas gained
admission as a State in 1861, Nebraska was not finally admitted till
April, 1893.
T J E S ^ S M -O IT IE S
1867. The I860 Census showed a population within the Territory of
hut 28,841 jK-rsons. Even in 1870, after the admission as a State,
numbers were only 12*2,993. But in the next decade (to 1880) there
was an increase to 452.402, and from this there was a further rise in
already said, to 1>058,910. Nebraska now
ranks No. 26 in population anions the States and Territories of the
Union. In 1860 its rank was 39.
1890 ............................. 1,058,910 ! 1870...................................122,993
1880............... ............. 452,402 t 1860.................................. 28,841
In 1*60-70 Increase was 94,152, or 326*45 per cent; in 1870-80
329,409. or 267*83 per cent ; in 1880-90 606,508, or 134*06 per cent.
C it ie s , C o u n t ie s a n d
T owns
IN THE
A D A M S C O U N T Y .—J. H.
Treas.
F u a m in a .
County seat is Hastings.
LOANSWhen Due. j Valnatwn, etc.
Court H ouse and J aii^—
! Total debt Jan., 1893... 9200,000
5 s , ......... 975,000 ..July 1, 1909 Sinking fund................
34.000
subject to call after July 1, 1899 I Tax v aluation 1892___ 3,343,345
R a il r o a d Bo x d s —
i Population in 1890 was......*24,303
5 - . ......., f l ‘25,000 . .May 1, 1908 , Population in 1880 was......10,235
W o d d le ,
Tin* city in in Hamilton County.
LO ANS—
When Due.
W a te r w o r k s B onds —
7*, ___ _ $3,000 ...A p r. 1, 1901
ftithjcct to call at any time.
6s.
$25,000
.Aug. 1, 190*
subject to call after Aug. 1, 1893
6*. ____
7,000
.Oft. 1, 1910
subject to wall after Oct. 1. 1895
B U R T C O U N T Y .—J.
County seat is Tekamah.
LOANS—
When Due.
F un ing B onds—
Os, J&J, $105,000...... July 1,1901
Total debt Feb., 1893.... $105,000
S W
Treasurer.
| A urora School D istrict ^ 6 s,......... $5,000_ July 1, 1909
_
_, ____
subject to call after July 1, 1899
1 A urora P recinct R ailroad
AID BONDS—
8a........... $8,000
Jan. 1, 1900
j Population 1890 was............1,862
|
Treas.
Tax valuation 1893.$2,157,417
County tax (pel- $1,000)
18-00
Population 1890 w as...........11,069
Population 1880 was.......... 6,937
B U T L E R CO.— J o h n J.
Comity seat is David City.
LOANS—
When Due.
R a il r o a d A id B onds —
10s, July $119,000 ... .July 1,1897
Co urt House Bonds —
5s, J&J, $25,000___ July 1,1899
5s, J&J, $25,000.... July 1,1909
Total debt Feb., 1893.... $169,000
il s o n ,
W
alker
,
Treasurer.
T ax valuation 1892___ $2,535,420
Assessment abt. 15 p. e. actual val.
State tax (per $1,000)...........$7-12
Comity tax (per $1,000)........27-10
Population 1890 was___
15,454
Population 1880 was___
9,194
C A S S C O U N T Y .—L. C.
STATE OF NEBRASKA.
A U R O R A . — R ob e rt
121
AND
Treas,
E ic k h o f f ,
County seat is Plattsmoutb.
LOANS— _
When Due. Sinking funds................... $20,000
Court H ouse B onds ,
Net debt Jan. 1, 1893....$100,000
5s, Jan., $80,000.......Jan. 1, 1911 Tax valuation 1891___ $5,143,783
Subject to call after Jan. 1, 1901 Assessment about H actual value.
R ailroad A id B onds .
State tax (per $1,000)...........$6*50
Burlington & Missouri RR.
County tax (per $1,000)___ $18*60
10s, June, $20,000.. .Past due.
School tax (average)............$10‘00
10s, June, $20,000...Juue 7. 1896 Population in 1890 was___24,080
Bonded debt Jan. 1,1893.$120,000 Population in 1880 was___16,683
IN TE R E ST on all bonds issued by this county is payable in New
York.
C E NN iR AAT, O I T V.
U lL l T n
L
O il I
_ v - SCOTT, Mayor. Treas.
_
v . TRA VER ,
This city is the county seat of Merrick County.
When Due. Valuation , etc.—
LOANSB ridge Bonds —
Tax valuation, real.........$132,499
j 6s, MAN, $10,000......Nov. 8,1918 Tax valuation, personal.. 116,500
Subject to call afterNov. 8,1898 Total valuation 1892...... 248,999
W ater W orks Assessment about *4 actual value.
O , MAN, $20,000. ...Nov. 8, 1908 Tax rate per $1,000) 1891 $33*71
s
• Subject to call after Nov. 8,1893 Population in 1890 was....... 1,368
Total debt June 1 1892,.. $30,000 Population iu 1880 w as....... 648
INTE R E ST is payable in New York City.
B E A T R I C E _ SE* R- FOGG, Mayor.
_
O C - / A 1 r i l ' ^ c -*
/J . t . P H IL L IP S , City Clerk.
Beatrice is tbe county seat of Gage County.
.— This city is in Dawes County.
Nov. 1, 1901
LOANSD mc. j 6s, MAN, $4,000.
F unding B onds —
LO A N S —
When due.
F u n o ix o Bonds —
0 * ......... 32,930.................1*99 to19ooW ater W rks —
6 s ,....... , $15,000....Nov. 1, 1909
<;>
6*. M AS, $8,000
,. 8ept. 7, 1905 | W ate r Wo ks Bonds —
6 s ,.........$35,000___ Ju n el, 1908 Chadron School D istrict—
Subject to call at any time.
6*. Mar.. $80,I K K ) ......Mar. 9, 1906
Subject to call after Juue 1, 1893 6 s ,....... , $20,000....Junel, 1902
C u rbing Bonds —
Subject to call at any time.
6s. . , $20,778 .1 8 0 6 and 1899 I 6-. July, $10.000...... July 1, 1910
TTA yTD rTC
5 D. SCHUPBACH, Mayor.
K. OL A B. RR. Bo nds —
Subject to call after July 1, 1895
KJ JL. U IV i JD U O . — ( a . H AIG H T, Treasurer.
8a, MAN, $60,000 . Nov. 1, 1909 5#. MAN. $35,000......Nov. 1,1911
Columbus is In Platte County.
SttWRK Bo M m
*—
B eatrice Sc hool D is t . B onds .
6s. J A I ), $25,000....... Dec. 1, 1893
6a, Jan., $8.500.......Jan. 1, 1910
LOANSWhen Due. Total debt Jan., 1893........$73,000
Subject to call after Jan. 1. 1895 ($ 1,000 due yearly) to Dec. 1, 1917
Floating debt..................... 2,000
W ater Works —
6*, Jan., $10,000 ..... Jan. 1, 1911 ! 6 s ,........ $8,000..........Oct. 1. 1896 7s, May 1, $25.000..... May 1,1906 Sinking funds...................
8,000
P a v i n g Bo * d» —
($500 due yearly ).......... to 1911
Net debt............................ 67,000
Subject to call at any time.
6s, pee., $60.000......Dec. 1, 1893 6 s ,.........$*2*2.000 .... Aug. 1, 1898
6s, N o v.l, $10,000 ... NOV. 1, 1908 Tax valuation 1892...........420,994
<$10.000duey’rl}')toDe<\ 1, 1898 ! ($1,000 due yT ly) to Aug. 1, 1919
actual value.
Subject to call afterN ov. 1,1893 Assessment about
6s. JAD, $20,000
June 1, 1909 |6*. HAS, $15,000....... Sep. 1, 1901
Total tax (jier $1,000)...... $53*00
B idgk B onds —
Subject to call after June 1, 1894 <$1 ,ooo due yearly) to Sep. 1, 1915 6s, May 1, $8,000......May 1,1909 Population 1890 was.................... 3,134
6s, JAJ. $12,000 .. Jan. 1,1910 1 B»-a t r ic * P recinct 1 oan 8—
>
Os, Dec. 1, 30,000.......Dec. 1, 1917 Population 1880 was.................... 2,131
Sid dee t to call uft< rJan. 1,1895
Railroad Bonds—
6s. JAJ, $19,000.
..July 1, 1910 j Ms,....... . $20,000___ Jan. 1, 1900
Subject to call ntU r J uly 1, 1895 I
A ckerm an,
6s. Feb., $5,oi* t
Aug. 1, 1910
West Point is the county seat.
Subject to call »ft« r Aug. 1, 1895
$65,009
LOANS—
When Due. Total debt Jan., 1893...
IN TE R E ST I• payable by Kountze Bros., New York City.
Tax valuation 1892...... 2,267,908
R efunding B onds—
$20-42
T O T A L •*( straight city bond* on Feb. 1, 1892. was $267,500, of 4b2s, A AO, $65.000.. ..Oct. 1, 1910 Tax rate (per $1,000)...
Population 1890 w a s...
12,265
Subject to call after 1900.
which water debt wu* $125,000; total district bonds, $123,708; total
debt o f the «chool district, which i§ entirely 9€*parate from the city
O ’C o n n o r ,
debt, was $70,000.
County seat is Dakota.
ASSESSED V A L U A T IO N in 1891 of real estate was $978,657; of
LOANS—
When Due. Tax valuation, personal. $636,000
personal property, $*270,9*2; total, $1,255,639; tax rate (per $1,000),
Total valuation 1892......1,682,158
R ailroad A id B onds —
about $51*25, including city L x proper, $31*00, county tax, $17*00. 6s, JAJ, $133,000......July 1,1902 Assessment about I5 actual value
Hubject to call after July 1, 1892 State tax (per $1,000)...........$7*12
State tax, about $6*25.
Total debt Jan. 1. 1893, . .$158,000 County tax (per $1,000)........20*00
P O P U L A T IO N in 1890 was 13,836; iu 1880 was 2,447.
Tax valuation, real......$1,046,158 Population in 1890 was....... 5,386
IN T E R E S T is payable at Fanners’ Loan & Trust Co., New York.
B E A IR
j A. C. JOKES. Mayor.
1 3 1 rx '
t J. s. COOK. Treas
John Dern,
This is the county seat o f W'ashiugton County.
County seat is Fremont.
Valuation etc.
______ „
_
When due.
Valuation, etc.—
Total debt 1893............. *25,000
Court houre Bo s ir LOANS—
When Due.
Total debt Jan., 1893.... $215,000
B ridge Bonds —
JAJ. #.1,000 ____July 1, 1909 Tux valuation 1892....... 217,617
Tax valuation, real....... 1,813,459
,
7s, Mar. 1, $10,000.......................
Subject to call after July 1. 1891 Assessment ir actual value.
Tax valuation, personal. 1,348,824
Total tax (p c r $ l,000).... $64-87
W ater Work . Bond* —
Court H ouse —
2,069 5s, JAJ, $50,000....... July 1,1919 Total valuation 1891---- 3,162,283
T«, An*., *20,000
Au«. 10,1905 P o p u la tio n I 890 » a.. . ...
subject to call after July 1, 1899 Assessment is ho actual value.
Population 1880 was— , 1,317
Subject to call at any tune.
8tate tax (per $1,000)...........$7*00
R efunding —
I N T E R E S T l» payable In Near York by Konntxe Brother*.
5s. JAJ, $100,000......July 1,1910 Couuty tax (per $1,000)........ 21*00
Population 1890 was..........19,260
subject to call after July 1, 1900
— P. J u d d , Treasurer.
S.
4^s, JAD, $55,000....................... Population 1880 was..........11,263
INTE R E ST is payable by Kountze Bros. New York City.
Counly aeat 1* Alb'on.
LO ANSWhen Due. |Net debt Jan. 1. 1893 ... $13,000
Tax valuation, real....... 978,311
F kxuijkj Bond*—
I rey,
6a. Jan., *20.000 ......Jan. 7 ,1901 | Tax valuation, personal.. 644,990
The county seat is Oniaba. Bonds for $500,000 w ill soon be offered
Total valuation 1892 — 1,623,301
Subject to call after 1895.
Ansessment about i« actual value.
B a iu io a d Bond *—
for Bale.
8a. Jan., *33.000....... Jan. 7, 1901 | Mtate tax (per $1.000)...........$6*78
Bonded debt Sept. 1, ’92 $546,000
LOANS—
W hen I h u Intercut is payable In Sew York |County tax (per $1.000)........ 21*00
Tax valuation, real......20,949,74‘i
C urt H ouse B onds Bonded debt Jan. 1. 1893..$53.000 Population In 1890 was....... 8,683 68, J&J. $120,000.......Jan. 1,1901 Tax valuation, personal 4,790,109
Flouting debt. ............... 5,000 I Population in 1880 was....... 4,170
Total valuation, 1892.-25,739,851
R ailroad Bonds—
Blnkln* r a n d ,................ 15,000 |
5s...........$150,00*......................... Assessment about 1-5 actual value.
State tax (per $1,000)..........
R efunding Bonds —
___ County tax (per $1,000)...... $6 25
16 70
5s, J&J, $268,000....... Inly 2, 1907
yman ary
5s, J&J, 158,000......July 1,1911 Population 1890 was....... 158,008
County neat Is Krarney.
Interest payable in New Y ork City. Population 1880 was....... 37,645
LOANS when Due. j Sinking fund...............
Court tlm * b Boson—
Net debt..............•......
...vj'-ST
. T T o
P I T V
5 H E N R Y C. SMITH, Mayor.
is. JAJ. #45,000
Jan. 1, 1910 I Tax valuation, real...... 1,998,784 F A L L S C l 1 Y .— $15. E. METT8, Treasurer.
Subject to call after Jan. 1. 1900 : Tax valuation, personal l,4f)9.-14
Tills is the county seat of Richardson County.
Total valuation 1891. 3,407,998
F u n d i n g B o x i *s YVatkr Worksactual value.
LOANS—
’
when Due.
7s. MAN, $19,000
May 1, 1895 AsM-Hsineiit about
68, M&N, $10,000......May 1,1908
E lectric E ight —
7s. MAN, 25.000 ...May 1,1900 County tax (per $1,000)...... $15*10
subieot to call after May i, 1893
5s, JAJ.
54.000
Jan. 1, 1908 State tax (per $1 ,000)......... $7.‘12 5s, J&J, $7,000......... July 1,1910 5s, J&J, $24,000....... July 1,1907
subject to call after July 1,1900
inhjsct to fall after Jan. 1, 1893 Population in 1890 was...... 22,162
subject to call after July 1,1892
School Bonds Total debt Frb.. 1893
$143,000 Population in 1880 was...... 7,531
58, J&J, $25,000.......July 1,1912
CHADRON
C U M IN G CO.—C. W.
D A K O T A C O U N T Y .—C. J.
D O D G E C O U N T Y .—
Trea-urer.
Treas.
Treasurer.
B O O N E C O U N T Y .-
D O U G L A S C O U N T Y —H. B.
B U F F A L O CO.—L
C
INTEREST »* payable at Kearney, Neb.
, Treas.
Treas’r.
122
STATE AW® OJTY SUfflEjVT^WT,
Valuation, etc.—
! Total tax rate (per $1,000) .$53-04
Bonded debt 1893............. $66,000 |Population 1890 was................2,102j
T a x valuation 1892.......... 381,735 I Population 1880 w as..............1,583
Assessment about I5 actual value. I Population 1893 (about)....... 3,000 j
IN T E R E S T is payable by the Treasurer of Richardson County.
F A I R B U R Y — E. H.
H in s h a w ,
City Clerk.
This city is the county seat of Jefferson County.
Fairbury Precinct—
LOANS—
When due.
R ailroad A id —
Cit y H a l l B onds —
5 b,J& D , $5,000...... Dec. 1, 1900 6 s ,....... , $40,000....Jan. 1, 1907
subject to call after. Jan. 1, 1897
R a il r o a d B onus
es , M&N, $5,000...... Nov. 1. 1896 Total city debt Mar. 1, ’92 $31,000
68, Jan., 10,000..... July 1, 1907 Sinking funds.................... $2,880
^ J&J, 11,000...... S ep t.l, 1912 Not debt............................. 28,120
8e,
subject to call after Sept. 1, 1897 T ax valuation 1890........... 389,360
Total tax rate (p er$1,000). 39*19
Population of city 1890 was.2,630
IN T E R E S T on city bonds is payable by Kountze Bros., N. Y. City.
F R E M O N T . —A. W. F orbes , Treasurer.
This is the county seat o f Dodge County, Thojeity has voted to issue
$30,000 o f water works extension bo nds.
Sewer B onds—
________
When Due.
.............. $45,000............................
H t t 'H . u . B onds—
Water Bonus—
Ss..........,$15,000..... J u n el, 1909
Subject to call after June 1, 1894 6s........... $25,000....Nov. 1, 1905
Subject to call after Nov. 1, 1890
C o u r t H ouse B onds —
6 b........... $10,000__ J u n el, 1909 6 s ,....... , $35,000*...Apr. 1, 1909
Subject to call after Apr. 1, 1894
Subject to c a ll after J u n e l, 1894
F rem o nt School D is tr ic t —
P a v in g B onds *—
6s , ........, $20,000. . . . Dec. 1, 1898 5 s ,........, $35,000....Aug. 1, 1909
Fremont Precinct —
Subject to call after Dee. 1, 1893
R efunding B onds—
,6s........... $15,000....Apr. 1, 1909
Subject to eaU after Apr. 1, 1894 6 s ,....... , $50,000*....Feb. 1, 1908
Subject to call after Feb. 1,1898
6 b,
., $33,805*...J u n e l, 1899
Subject to call after J u n el, 1894
, , , ,
The bond issues marked thus (*) m the above table are not included
in the oity’ s total debt, as they are not payable from the city tax
propel.
IN T E R E S T is paid partly at City Treasury, partly in N ew York.
T O T A L FU N D E D D E B T January 1892 was $100,000.
ASSESSED VALUATION iu 1891 of real estate was $570,362; of
personal property, $294,924; total, $865,286. Total tax rate (per
$1,000), $72-25, including State tax $7-00, county tax $21-00, city tax
$24-25, average school tax $17-00, Fremont Precinct Bridge bond
$3-00. In 1890, real estate, $532,361; personal property, $308,054
total, $840,415. Total ta x rate (per $1,000), $77-75. Real estate Is
assessed at "a b o u t one-seventh Its actual value.”
P O P U L A T IO N in 1890 was 6,747; in 1880 was 3,013.
~
* Tv7 1—
G R A N Dv
TO T a t a t t y
5 H E N R Y D. BO YD EN, Mayor.
l b L A N U - ) (J. W. B R IN IN G E R , City Clerk.
This Is the county seat of H all County.
W ate r w o r k s—
LOANS—
When Due.
, M&N, $35,000...... Nov. 1,1905
Cit y H a l l & J a i l B onds —
Subject to call at any time.
tSs, J&J, $25,0 >0...... July 1, 1909
Subject to call after July 1,1894 6s, J&J, $30,000....... Jan. 1, 1908
Subject to call at any time.
F u nd ing B onds —
«s, M&N, $8,000....... M ay 1,1906 6s, M&N, $5,000........May 1, 1906
Subject to call at any time.
Subject to call at any time.
G r an d I s la n d Sc hool D is t .—
S k w e b B on s—
fie, J&J, $50,000....... July 1, 1909 6s , ........, $14,000..--Jan. 1, 1905
Subject to call after July 1,1894 6 s , ....... , 25,000....July 1, 1909
subject to call after July 1,1899
IN T E R E S T is payable by Kountze Bros., N ew Y o rk City.
T O T A L FU N D E D D E B T January 1893 was $153,000, of which
water debt was $70,000.
ASSESSED V A L U A T IO N (about 20 per oent of actual value) in
■1892 o f real estate, $825,560; personal property, $326,690; total,
$1,152,250; ta x rate per $1,000, $69-60, this including State and
•ounty tax, $23-60; city and school tax, $46-00.
P O P U L A T IO N in 1890 was 7,536; 1880 was 2,963. Population in
1893 (about) 10,000.
Vol. LVI.
H E B R O N . — 0 . H.
S cott , Mayor.
Hebron is in Thayer County.
Hebron Precinct—
LOANSWhen Due.
R a il r o a d a id —
W a t e r W o rks —
5s, A&O, $25,000....... Oct. 1,1910 6s , ....... . $30,000...... Jan. 1, 1907
subject to call after Jan. 1, 1897
subject to call after Oct. 1, 1895
Total debt Mar. 1, 1392... $25,000 Total tax (per $1 ,000) ........$53*05
T ax valuation 1891 ....... 183,615 Population 1890 was..........2,266
H O W A R D C O U N T Y .—A.W.
Treas.
GRt h a e r ,
County seat is Saint Paul.
F unding B onds —
LOANS—
When Due.
7s, J&J, $45,000....... Jan. 1, 1901
B ridg e B onds —
Valuation, etc.—
10s, June, $4,000___ Sept.l, 1893
Gs, J&J,
3 ,000....Jan. 1, 1905 Total debt Feb. 1893....... $104,500
Sinking fund assets........
4,500
R a il k o » d B onus —
8s, Jan., $20,000....... Jan. 1, 1900 T ax valuation 1890 ___ 1,600,591
6s, J&J, 20,000....... Jan. 1, 1906 Assessment about i 6 actual value.
County ta x (p e r$ l,090) 1892.$19-75
R efu nd ing B onds 68, J&J, $11,500....... Jan. 1, 1906 Population 1890 was.............9,430
Subject to call after Jan. 1,1901 Population 1880 was.............4,391
IN T E R E S T is payable in N ew York, exeept on bridge 6s.
J E F F E R S O N CO.—S. M.
Treasurer.
B a il e y ,
The county seat o f this county is Fairbury.
LOANS—
When Due. T ax valuation, personal.$l,014,158
Total valuation 1892... 2,630,797
Court H ouse B onds —
Sa, J&J, $54,000....... July 1, 1910 Assessment about 15 actual value.
$7*15
Subject to call after July 1, 1900 State tax (per $1,000)..
16*20
Total debt Feb. 1893..... $54,000 County tax (per $1,000).
T ax valuation, r e a l....... 1,616,639 Population 1890 was...........14,850
K E A R N E Y ,— I ra
J o h n s o n , Mayor,
This city is in Buffalo County.
Kearney Precinct—
LOANS—
When due.
R efund ng L oans —
C a n a l an d W a t e r 78, J&J, $30,000...... July 1, 1902 6 s, J&J, $20,000......Deo. 24, 1896
Kearney City—
Cit y H a l l —
5s, M&S, $25,000....S ept.l, 1908 Total debt Jan. 1892.... $128,000
8,000
Sinking fund assets___
S e w e r B ond -—
6s, J&J, $70,000...... Jan. 1, 1910 T ax valuation 1891___ 1,200,000
Assessment about 1 actual value.
K k a k n e v School D istr ic t —
6s. J&J, $14,400........ Tan. 1,1901 Population 1890 was.............8,074
Hs, J&J, 18,000........ Inly 1, 1905 Population 1880 w as.............1,782
6s, A&O, 10,000....... Oct. 1, 1908
Subject to call after Oct. 1,1893.
IN T E R E S T on the school bonds is payable at the office o f the
County Treasurer or by Kountze Bros., N ew York, and on the refunding
bonds interest is payable by the County Treasurer or at the National
Park Bank, N ew York.
.
L A N C A S T E R CO.- -S
The county seat is Lincoln.
LO AN S—
When Due.
Co u rt H ouse 53, J&J, $200,000...July 1,1907
Subject to call after July 1,1892
F u nding B onds 78, J&J, $140,000...Jan. 1,1900
R e fu n d in g B onds —
5s, J&J, $150,000...July 1, 1907
Subject to call at any time.
M. P. 2d I ssue —
5*23 Jau., $100,000..-Jau. 1,1894
($10,000 due y'rly) to Jan. 1,1903
IN T E R E S T is payable at County
W . B l s n h a m , Treas.
Valuation, etc.—
Total debt Jan. 1 , 1892- $590,000
20,000
Sinking fund assets......
T ax valuation, real...... 7,925,230
T ax valuation, person’!. 2,883,010
Total valuation 1»91.. 10,808,240
Assessment is o f actual value.
State tax (per $1,000) ........$6-25
County tax (per $1,000) ...... $17-70
76,395
Population 1890 was.
Population 1880 was
,28.090
Treasury.
T\T
j A. H. W IN , Mayor.
O L V L I N .— i E. B. STEVENSON, Treasurer.
Lincoln Is the county seat o f Lancaster County. The city has voted
in favor o f issuing bonds to the amount of $47,000 for water works
extension.
LOANS—
When Due. 5s, J&J, 100,000....Aug. 1, 1910
Subj. to call Aug. 1,1900
c A l l e y P a v ’ g D istricts 1,2&3—
b M issouri P a c if ic RR.—
6s, Aug., $28,000..........Aug., 1902
5s, J&J, $50,000....Nov. 1,1905
6s, ann., 1,300....... Nov. 1,1900
5s, J&J, 20,000....Jan. 1,1906
Ch i . R. I. & P ac . E E . f R e fu n in g B onds —
5s, J&J, $50,000....... Oct. 1, 1900
m C o r n e l iu s ,
5123, A&O, $30,000..Oct. 1 ,1 90 2
cl D is t r ic t P a v in g Bonds County seat is Grand Island.
63, Aug., $150,000..Aug. 15, 1897 5 !2S, J&J, $25,000...Deo. 20, 1905
LO ANS—
When Due. Total debt Jan. 1893. $86,000
subject to call at any time.
6s, ann.,
92,000...July 1,1898
Bridge B onds—
Sinking funds........
23,000
b S e w e r B onds —
6s, ann..
9,000...Oct. 1,1900
63,000
6 s, Jan., $6,000.........Jan. 1,1895 N et debt.................
6s, ann,, 243,000...July 1, 1901 5s, M&S, $30,000....... S ep t.l, 1906
Tax valuation 1892.3,136,627
Co u r t H ouse & J a i l B onds —
subject to call after Sept. 1, 1891
6s, ann.,
70,000...Sept. 1, 1901
50-00 6s, ann.,
-10s, F & A , $5,000....... M ay 1,1893 Total tax (per $1,000)...
25,200...Oct. 1,1901 5s, J&J, $20,000...... Aug. 1, 1910
Population 1890 was........... 16,513 6s, ann.,
Subj. to call Aug. 1, 1895
79,000...July 1,1914
a W a t e r B onds , 1st—
6 Fu. E l k . & Mo. V a l . RR.—
5s, J&J, $50,000........ In ly 1, 1906 6s, May, $7,000...... May 23, 1902
— County seat is Aurora.
subject to call after July 1, 1891 6s, May, 3,000...... M ay 29, 1902
Total debt (last returns). .$115,000 Tax valuation 1890----$2,098,662
a W a t e r B onds , 2d—
e F unding B onds—
Sinking fund...................
30,000 Population 1890 w as.........14,096
10s, J&J, $26,000.. ..July 1, 1895 6 s, May, $10,000 ....M ay 29, 1904
Net debt.........................
85,000 Population 1880 w as......... 8,267
a W ater B onds, Su
6s, July, 20,000...July 10, 1902
N e t debt 1880.................. 115,000
6s, Sept. 9,500. ..Sept. 1,1902 es, Nov., $35,000... .Nov. 26,1904
5L2s, A&O, 27,000....Apr. 1,1906 6s, Dec., 15,000.......... Dec., 1904
Subj. to call after Apr. 1,1891 6 s, Feb., 40,000.... Feb. 24, 1905
Clark,
b W ater B onds , 4 th —
b I ntersection P aving —
Hastings is the county seat of Adams County. P aving bonds to the 5s, J&J, $100,000....July 1, 1902 5s, A&O, $10,000....Oct. 15, 1907
6 W a t e r B onds , 5th —
5s, J&J, 100,000. . . . July 1,1907
amount o f $24,000 have recently been voted.
5s, J&J, $10,000.... July 1, 1902
S e w e r B onds —
When Dae.
LOANS5s, J&D, $40,000...... J u n e2 ,1910
F u nding B onds —
a $500 each. 6 $1,000 each, c Bonds due in 1902, $1,000 each; those
Subject to call after J u n e2 ,1895
As, J&J, $10,000....... Jau. 2,1898
in 1900, $100 each, cl $7,000 o f bonds due Sept. 1,1901, $700 eaoh;
W a te r B -nds —
Subject to call after Jan. 2,1893
5s, M&S, $85,000....Sept. 15, 1906 all others $1,000 each, e Bonds due in 1906, $1,000 each; others $500
R a i l dad A id Subject to call after Sept. 15,1891
68, A&O, $60,000...... Oct. 1, 1907
Subject to call after Oct. 1, 1892 5s, M&S, $15,000....Sept. 15, 1908 each. /Bonds due in 1902, $1,000 each; those in 1905 $300 eaoh.
PAR V A L U E O F B O N D S .—As indicated above, the bonds are
Subject to call after Sept. 15,1893
6 s, M&N, $20,000...... M ay 1, 1908
Subject to caU after M ay 1 , 1893
mostly for $1,000 each.
INTEREST payable on all bonds in N ew York City at Nebraska’s
IN T E R E S T . —Interest is payable in N ew York
fiscal agency—Kountze Brothers.
T O T A L D E B T, S IN K IN G FU N D S, E TC .-T he subjoined statement
TOTAL FUNDED DEBT (lastreturns) was $230,000 ; staking fund shows Lincoln’ s total municipal debt on June 1,1892.
assets $14,000; net debt $216,000; water debt (included iu total debt) Total funded debt (including water debt)............................ $1,535,000
130,000
$100,000. The water plant owned by the city yields a revenue of W ater debt...............................................................................
ASSESSED V A L U A T IO N .—The city’s total assessed valuation (1-10
nearly $10,000 a year.
ASSESSED VALUATION iu l8 9 0 o f l-eal estate was $1,061,580; of actual value) in 1891 was $5,927,000; c-lty ta x (per $1,000), $45-00.
City ta x proper (per $1,000) in 1891 was $45,000.
personal property $488,934; total $1,550,514; ta x rate (per $1,000)
P O P U L A T IO N .—In 1890 was 55,154; In 1880 was 13,003.
$61 20, this including State and county tax $25 00 and city ta x proper
E X P L A N A T O R Y O F BO ND S.—Many of the bonds are subjeot to
d*36 20. Real estate is assessed at about “ one-flftli its actual value.”
call before maturity, certain of these being indicated in the table above.
POPULATION in 1890 was 13,584; in 1880 was 2,817.
H A L L C O U N T Y .—W .
Treasurer.
H A M IL T O N C O U N T Y .
H A S T IN G S .—A. L.
Mayor.
T T7STT” TYT
April, 1893,
fl£8fr*$KA—CITIES
NEBRASKA
Clerk.
t
W
®
TWI1S,
C I T Y .—Jon x J. T etex> City P L A T T E C O U N T Y .
12^
- G it s . G . B e c h e r , T r e a s .
County seat 5s Columbus.
This city is the county seat o£ Otoe County.
LO AN S—
W hfn due.
Se w e e B onds —
“ CP.Bl-NO AND G u t t e r in g ” —
6 s ,...... $32,000....Sept. 1 , 1908
? « . .........#3,WO........Apr. 1, 1S96
subject to call after Sept. 1, 1803
ipartdueeu- hyean to Apr. 1, 1899 6 s ,....... , $8,000....... Ang. 1, 1910
F u nding B o s » v —
5:1! jeet to call after Ant;. 1 . 1895
7s, M AX. $44.000... .May 1,1903
S eb . Cit v School D is t - ic t —
subject to call after M ay 1 , 1893 6s, ........, $20,000....June 1. 1909
6 s ,....... , 8150,01X1....Tati. 1, 1903
subject to call after J n n el, 1899
sutjeet to call after Jan. 1, 1893
Nebraska City P re cin c t—
P av in g B onds —
R a il r o a d L oan —
7 s , ....... , $30,000... .Jan.l,’ 95*98
5s......... , S40.000....Dec. 1, 1896
« - ........... $22,000. - -.Sept. 1, 1908
subject to call after Sept. 1, 1893
6 s ,....... , $15,000___ July 1, 1910
IN T E R E S T on t i c $41,000 funding bonds is payable in New York.
T A X V A L U A T IO N in 1891 was $973,000; total tax rate (per
$1,0001, $36-50.
P O P U L A T IO N in 1890 was 11,494; in 1880 was 4,183.
W hen Due. Total debt Mar. 1,1892.. $94,000LO ANSR eeukding —
T ax valuation 1890........2.580,110
dies, J&J, $86,000....July 1,1910 County tax (per $1,000).
15-00
Subject to call after July 1,1900 Population 1890 was....
15,437
9,511
Population 1880 was___
INTEREST payable at County Treasury.
p r
A 'T T P I V T r V I I T U
5 >'■ M. BU TLER, Mayor.
1 1 .DiVJAJ U 1 I T . — l w . R. EON, City Clerk.
This eity is the county seat of Cass County.
LOANS—
When Due.
Om ah a So uthern RR.—
F unding B onos—
6s, May, $40,000.. .May 1, 1910*
os, J&J, $21,000.. .July 20,1906
subject to call after M ay 1, 1905
H ig h School R efunding —
R -il r o a d R efunding B onds—
6LJS.P& >,$53,000.. .Ang. 1, 1905 6s, y ’rly, $25,000.. .Jan. 1, 1901
P . v in g B onds—
6s, ....... . 10,000.. .July 1, 1910*
6s, A&O, $10,000....Apr. 1, 1908
Se w e r B onds—
subject, to call a fte r --------- 1893 6s, M&N, $40,000.. .May 1, 1908
6s, ........, $30,000.. .Aug.’91to’97
subjeetto call after May 1, 1895
subject to call a fte r---------• 1893
T O T A L FUNDED D tB T , Et c .—F unded debt Feb. 1, 1893, was
— This city is in Madison County.
$199,000.
LO AN SWhen. Due.
N o r f o lk School D istrict —
ASSESSED VALUATIO N —In 1891 real estate was $738,915; o f
F ir s D efahtm ejit —
5sy
$25,000 „ .Ang. 1, 1909
6s, ........, $7,000 . . . Sept. 15,190*2
subject to call after Aug. 1, 1894 personal property, $236,147; total, $975,062; tax rate (per $1,000).
$62-50, this including State tax, $7'50, county tax, $11-00, city tax,
Se w e r B onds —
Population of city 1890 was 3.038
6 s ,. . . . . . . $ 8,000.,. S ep t 15,1907 Population o f city 1880 was .547 $44-00. Seal estate is assessed at “ about one-third its actual valu eA
POPU LATION.- In 1890 was 8,392; in 1880 was 4,175.
OTV/T A H A
' «;EO. V. B E X IS, Mayor.
U i V l A n A . — | H E N R Y BQLLN, Treasurer.
W alsh ,
Omaha to situated In Douglas County.
County seat is Falls City.
When Due.
renew al—
LO ANSCrrY II »u . Bo n d s —
5a, . .. $100,000...
1909
LO ANS- '
When Due. T ax valuation 1891......$3,391,300*
4 to*,
00,000.... ,Ji’y l,1 9 !0
School B on ds—
8r, July, $137,610... { f $ { > J g g Assessment about 1-5 actual value.
25,000___
1908 58, - ...,$100*000.,...
5*, . . . .
State tax (per $1,000)___... $7*12
About $17,200 due yearly.
5s, ....
ItoMKXL...
1909
Bk w k k B onus —
County ta x (per $1,000) .... 17*60
100,000
.
1911 G*, M&S, $400,000... .Sept.. 1901 Interest payable in Falls City.
Population in 1890 was.... 17,574
5», ....
175,000.... ..
5a..........
1912 (to. J&D, 400,000... .June, 1903 Bonded debt Jan. 1 ,1892.$137,610 Population in 1880 was_ .15,031
_
5 k, MAN,
50,000...
1912 Total debt Jan. 1r 1892... 138,610
F ir e E n o in k —
70,000...
$59,900..
1910 5-. J&.T.
1904
4ia*----¥ vm > tna B«»n tm—
5>, M&S, $100,000.... ..Sept., 1907
J oxes,
..Nov.,1900 4 Vs, F&A ,100,000..,. .Aliy.. 1906
7®, M&N, ¥66.100
1908
5s, J * !). IW.OOO
1905 5m, . .. .
100,000....
County start Is Wahoo.
51, . .. .
4
100,090....
LlOSkltr Bonds—
1909 Total debt Jan. 1S93....... $180,000 T ax valuation 1890___ $3,301,461
50,000___
1910 ■Sinking fum!...................
5k, MAN, $100,1100--.*
1912 4 . . . .
18,682 Population 1890 w as........ „21,57T
li, P. B ' doe A llEI-Or K E Y'U B a s k . B ond ® Net d eb
Population 1880 was......... 15,810>
1912 — A&O, $162,850....
1889 Net debtt......................... 161,318 Debt per capita 1890............ $7*485».
.. ^100.000....
1880.................. 180,000
P a v in g Bonds—
Oc n b i . o & G u tterino —
n
6s, yearly, $188,450.,
1893
5», M&N. $30*000....
5J- T IS S U E , Mayor.
1903
(part each year) to 1S99 o V P \ X T A t o TY
5s, M&N, 100*000___
W A n u , — I d . C. WORK, Treasurer.
100,000..
A l l e r P a vi so —
1904
5s. 3 m .
1905 6s, yearly, $4 1,500...
1893
Tilts city is the county seat o f Seward County.
5#, F A A,
30,000.. (part each year) to 1899
50,000.. .
1M M
3m, J& J,
V a lu a tion , etc.—
LO A N S —
When Due.
50.000...
D is tr ic t P a v in g B onds —
1900
3m, AAO.
R il r o a u B oyds —
Total debt Feb. 1893........ $45,000
1893
5», M&S,
73,(100. -- S ept, 1907 Oa, yearly, $1,219,300
(part each year) to 1899 6s, -TAJ, $15,000.. . . . . July 1 ,1907 Tax valuation 1 89 2....... 257,500
1908
5#f . ...
100,000....
W a T i'.r W • # —
Assessment is 1-5 actual value.
Gitaoiis o B o s os—
1909
7.3,000___
23*00
1910 6®. ..... $161,850... P a rt yearly Os, M&S, $30,000... .Sept. 16, 1909 Tax rate (per $1,000)......
75,000....
\ H ». ..
Subject to call aft. Sept. 16, 1894 Population 1890 was......
2,108O m ah a School Dis t r ic t —
1912
50,000.,.
5*. . .. .. .. $200,000... Ian. 1,1908
NO RFO LK.
R IC H A R D S O N CO. -J. B.
Treasurer.
S A U N D E R S CO. ~ L. H.
~
IN T E R E S T W H E R E P A Y A B L E .—Intercut is alt payable in Now
York, m m U f by Kouut&e Brothers-.
T O T A L D E B T, S IN K IN G FU N D S, E TC -—The subjoined statement
nhow* Omabu'N total municipal debt, the sinking fund held by tne city
agtaiiist fetii*
i'r. the water debt, and the eity9 floating debt, on the
*
lut o f January o f mieh of the last four years.
1893,
1892.
1891,
1890.
82,147,500 $2,030,100 $1,930,100 $1,601,100
Total fu n ded «
170*000
51.378
127,000 ' 205,046
"""
Sinking Idada
Net debt............$2,392,922 $1,909,100 $1,755,450 $1,491,100
In addition. to the a Imre the district debt (payable by special assess
ment) w m §1,014,000 on dan. 1,1893,
D E B T L IM IT A T IO N *—The city debt is lim ited by law to 12% per
©cut o f the
valuation.
ASSESSED V A L U A T IO N —The city's assessed valuation, “ about
% e m h value./’ and tax rate have been as fo llo w s :
M m l Estate.
. $16,740,898
Years,
mm........
Total
V a lu a tion .
P rrx o n n l
Property.
Tax Rale.
$41*00
1891..
... .. .
41*50
3,097,045
16,303,131
1 ^ 0 . .. . .. ..
48*00
4,083,848
10,612,831
1889..
23-25
3,716,625
12.79$,110
1887
P O P U L A T IO N .—Itt 1890 It was 110,102; in 1880 It was 30,518 ; in
1*70 it w as 10,083.
$3,690,801
O T O E C O U N T Y .—It, M.
County scat u Nebraska City.
LO ANS When D ue
BRIDGE BOWOA—
«*, J i a . 12.300.... ..Jan. 1,1901
Sobjcci to call at any time,
Fu
m i i 'W
B o n d *—
$20,431,759
20,431,759
20.000.170
*20,726,679
16,514,744
T aggart,
Co. Clerk.
5s, J&J, .$78,000, ....J u ly 1,1909
S tsKivii F und B onds —
. . . J.vii, *58.<«KI.......Dec. 1, 1895
ID, J,VJ,
2,000.......Jail. 1, 1901
Subject to call at any time.
Total debt Jan. 1893---- $527,700
> , A&O. $50,000....... Apr. 1, 1909
33,000
Nubjeet to i ui! altci* Apr. 1,1394 Htnfei UK fu n d s ...................
Net debt .............................
4 9 2 ,(0 0
RK.KKamso Bi.sns—
«*, J&4, <77.200.......July 1,1901 T ax valuation 1892.... 5,11-1.062
Subject to call after July 1,1891 Assessment about '.} actual value.
1 >/ : C o u n ty ta x (p e r $ 1 ,0 0 0 )....$ 2 3 -0 0
<.<
Hubjeeito r ail after May 1, 1906 P o p ula tion 1890 w as...........25 ,403
5a, F&A, $165,000 ...Feb. 1, 1909 Population 1880 was......... 15,727
»U
Subject to -'all after Feb. 1, 1891
1
IN T E R E S T on refunding 6s due 1906 is payable at fiscal ageney In
New Y o rk ; on - ;h t ten t bridge tmnda at National Park Batik, New
York, and on other bonds at County Treasury
P A W N E E C IT Y . -A. 8. Strong, Mayor.
Thto village to
LO ANS-
I P wnw5 County.
p -w srp, e r r r P recinct —
Railroad loan—
,js
... $25,000___July 1,1906
« * J&J, $t!»JS00 ..... Ian. 1,1909
Hnbjeet to Cali after J an. 1,J 894 Population Of village 1890... 1,550
Population o f village 1880... 763
T a x valuation 1890 ........ 8257.824
4.0-00 (
T ax rate (per ¥1,000)
S lIR k WovKS—
When D ue.
S E W A R D CO.—W i l l i a m
Treasurer,
M
cN e i l ,
Treasurer,
County seat is Seward.
Bonded debt 1 8 9 3 ........ $100,000 ! Assessment about to ( otual value.
Tax valuation 1892....... 2,900,000 | Population in 1890 was,.... 16,140
S H E R M A N CO.—E. H. K
County seat Is lo x City.
u>
ettell,
(Aunty Clerk,
V aluation, etc.—
LOANS—
W/wnDue.
Total debt Jan. 1893....... $170,000
County B onds—
Total debt 1880.............
85,607
.............. $2.1,000.................
Tax valuation 1892........1,070,000R a ilr o a d Bonds—
6k, .........$38,000...S ep t 1,1906 Stuto & eo. tax (per $1,000).$32-50
School tax (per *1,000)...... 15-00
R efu n d in g B onds—
5k , .........$ 2 0 ,0 00...Sept. 2 7 ,1908 Fopulation 1890 w as.......... 6,399*
■is______ _ 89,000.................1912 Population 1880 was............2,061.
C fU T T H
r~i 7 / a C ( A
\[
2
5J- S. W ALTE R Mayor.
b U U I I T LJ1VL A r r A . — I THOMAS HOCTOR, Treasurer.
This city Is in Douglas County.
Se w e r B onds—
f o n d no B onds—
Os. O ct. $35,000..... Oot. 1,1898 |6s, Oct., $62,000 ....O ct. 1,1909
6s, July,$70,000____ July 1,1899 | V iad u ct B onds—
|6s, Oct., $78,000 ....O ct. 1,1903
P av in g Bunds —
Os, A&O, $12,000...... Oot. 1,1898 1 Subject to call after O ot 1,189®
Os, J&D, 50,000___June 1,1991 |
INTEREST is payable in Hew York.
T O T A L FUNDED DEBT on January 1,1893, was $307,000.
ASSESSED VALUATIO N fa 1892 was $2,200,000; tax rate (p er
$1,000) $35-00, this being the eity tax proper.
P O P U L A T IO N in 1890 was 8 ,0 6 2 .
S U P E R IO R .
-This city is the county seat o f Nuckolls Co.
S uperior School D istrict —
R ailr o ad A id —
7s______ $13,000.... July 1, 1907 6 s ,......... $12,000 .. .Aug. 1, 1909Population 1890 was......
1,614
Os,....... .
5,400. ...Sept. 1, 1908
Population 1880 was......
45$
W a t e < W o lies—
5 s ,.........$25,000.. ..Nov. 1, 1908
subject, to call after Nov. 1, 1893
T E C U M S E H .— This eity is the county seat of Johnson Co.
W ate r W orks —
LOANS—
When Due.
C it y H a l l - n d E l ' ct ic L ight — 6 s ,....... . $ 2 1 ,000..-M a y 1, 190$
Subject to call after M ay 1, 1891?
6s......... ,$9,400........Jau. 1, 1910
Subject to call after Jan. 1, 1900 Population 1890 was.......... .1,654
W A S H IN G T O N CO.—J.
S. C o o k ,
Treasurer.
County seat is Blair.
V a lu a tio n , etc.—
L O A N $—
When due.
Total debt Feb. 1893,.. $260,000
Co o kt H ouse—
68,J<fcJt $35,000...--July 1, 1906 Tax valuation 1892.... 1,898,719
Assessment abt. 1-5 actual value.
(paid due e’ h year) to July 1, 1909
County tax (per $1000)
$2<y*2?>
H a i uRo vY B o y d s —
)
Population 1890 was...
11,869
7s, July, $7.5,000..........................Population 1880
8,631
6s, J&J, $150,000.....Apr. 1, 1910 ^ --------------- was...
) N T E R E S T on 6s is payable in New York by Kountze Brothers.
STATE fiH* CITY 8Um &M £flT
124
Y O R K C O U N T Y . —D.
S. Z i m m e r m a n ",
Treas.
County seat is York.
Valuation, etc.—
LO AN S—
When Due.
N e b r ask a R a il w a y B onds —
Total debt 1893............. $90,000
108, Aug., $43,500----Aug. 1, 1807 T ax valuation 1892....... 2,721,120
subject to call Assessment about H actual value.
R e fu n d in g B onds —
County tax (per $1,000)___ $13-24
6s, F&A, $46,500....... Aug. 1, 1905 Population in 1890 was.......17,279
subject to call after Aug. 1, 1895 Population in 1880 was...... 11,170
IN T E R E S T is payable in New Y o rk City.
YORK.—
This is
th c u tyseat of York
e on
County.
R a il r o a d atd —
LOANS—
When Due.
Cit y H a l l B onds
6 s ,....... . $10,000......Tuly 1, 1907
es , .........$7,000....... Jan. 1, 1909
6 s ,....... , 13.000.... Oct. 1, 1907
F unding B onus
Population 1890 was..........3,405
e s , ........,$4,000....... Dec. 1, 1909
Bo^ulation 1880 was........ 1,259
Subject to call after Dec. 1, 1899
State of Kansas.
ITS
DEBT, RESOUKOES, Etc.
Vol. LVI.
people and ratified, receiving 4,346 votes against 1,257. (4) Finally a
convention met at W yandotte July 5, 1859, completing its labors July
29, 1859, which formed the Constitution ratified by the people
(receiving 10,421 votes against 5,530 votes) and which subsequently
became the Constitution of the State. On January 29,1861, Congress
passed an act declaring the State as organized under the Wyandotte
Constitution to be one of the United States and defined the boundaries
of the State as they now exist.
H IS T O R Y O F D E B T .—When Kansas was admitted into the Union
as a State (in 1861) it had a bonded debt o f $150,000. The Constitution
o f 1859 limited the debt-making power to one million dollars (with
certain restrictions and exceptions), as more fully described below. In
1866 the bonded debt was $630,775, of Which the State owned $28,650.
In 1878 the total bonded debt was $1,181,975, of which the State
owned $713,600. On July 1, 1892, the debt amounted to $801,000, of
which $9,000 was held by the State University fund and $536,000 by
the permanent school fund, leaving only $256,000 bonds outstanding*
The State loans on July 1,1892, were as follows:
,— In lore81.--- s /
---------- Prin cip a l.----------s
LO AN Sp. at. Payable. When Due.
Outsland'g.
NAME AND PURPOSE.
Capitol bonds, 1867.............. 7
J A .1 July 1,1897
$100,000
Do
1868............
J A J July 1, 1898
150,000
Do
1869.............. 7
J A J Jan. 1,1899
70,000
* Funding, 1888.................... 4
,J A D Dec. 1,1908
18,000
*
Do
1889.................. . 4
J A .1 July 1,1909
85,000
* Indian invasion, 1875...... . 7
M A 8 Mch.15,1895
36,500
7
* Insane asylum, 1868.........
J A D June 1, 1898
20,000
* M ilitary fund, 1869..........
J A .1 Jan. 1, 1899
89,000
7
Penitentiary, 1867..............
J A .1 July 1, 1897
100,000
Do
3868............. ,« 7
J & J July 1, 1898
50,000
Public improvement, 1866.. _ 7
J A .T July l,18 9(i
70,000
7
* R elief bonds, 1874...........
A A O Oct. 15, 1894
12,500
Organized as a Territory (A ct May 30, 1854) May 30, 1854
Admitted as a State (A ct Jan. 29, 1861)
Jan. 29, 1861
* A ll in School Fund.
Total area of State (square miles) 81,318
PAR V A L U E O F B O N D S .—The bonds held by the public are all
State Capital
Topeka
for $1,000 each.
Governor (term exp. 2d Mou. Jan. ’95) - •- L. D. Lewelling
INTE R EST—W HERE PAYABLE .—Interest is payable inNew York
Secretary of State (term ends 2d Mon. Jan. 1895) - O. L. Osborn at the Fourth National Bank.
Treasurer (term ends 2d Monday Jan. ’95) - - W . H. Biddle
T O T A L D E B T on July 1, 1S92, was $801,000, o f which $545,000 is
held by tbe several State funds.
Legislature meets biennially in odd years on the 2d Tuesday
A S S E S S E D .V A L U A T IO N .—Tlie State’s assessed valuation and ta x
in January. There is no lim it to length of sessions, but mem rate have been as follows in the years named:
bers can receive pay for only 50 days services in the aggregate.
* Total Equal- Stale Tax
Total Equal- Stale Tax
IN C ID E N T S IN S T A T E O R G A N IZ A T IO N , E TC .-The United
States originally derived its right to the territory which the State of
Kansas covers from France in 1803, that State being a part o f the
extensive district included within the Louisiana purchase. The grant
from France did not, however, put the United States in fu ll possession
o f the land, although Congress began at once to exercise authority over
i t ; a cloud rested on the title still by reason of a claim on the part of
Spain to pretty much all of the purchase. In 1819, in the treaty
which was then made by Spain with the United States, in which Spain
-ceded “ East and West F lorid a” to the United States, a special article
-(Article I I I .) was inserted, defining and settling the boundary (and
hence the dispute) between these tw o claimants. According to this
Arrangement the boundary fixed upon began on the Gulf of Mexico, at
th e mouth of the Sabine River, and ran north along that riv er to the
32d degree of latitude, thence due north to the Red River, thence west
ward along the Red R iver to the degree o f longitude 100 west from
London, thence due north to the Arkansas River, thence westward
-along the Arkansas to its source, etc. A rticle III . also stated that all the
te rrito ry east and north o f this line belonged to the United States, and
a ll west and south to Spain. Hence, under the agreement thus made,
a portion of the southern part of the present State of Kansas was just
without the limits of the territory belonging to the United States.
This situation was fu lly rectified by three subsequent transactions
■each of which contributed to the adjustment: (1) the annexation of
Texas in 1845; (2) the Treaty, made in 1848, of Gaudalupe Hidalgo
■with Mexico, establishing the present southern boundary between
M exico and the United States, all north of that boundary line being
ceded to the United States; and (3) the ceding by Texas in 1850 of the
Jiorthwestern portion of Texas to the United States.
Congress almost as soon as the Louisiana purchase was acquired put
.all the country thus obtained under territorial government. For that
purpose the new purchase was divided into tw o portions in 1805, the
iportion which now constitutes the State o f Louisiana being named the
'Territory o f Orleans and all north of that being named the T erritory
■of Louisiana. In 1812 Congress passed an act providing “ that the
“ Territory heretofore called Louisiana shall be hereafter be called
V Missouri.” In 1819 (amended in 1824) a separate territorial govern
ment for the southern portion of the Territory of Missouri was provided,
• to be called the Arkansas Territory,” which included a small portion
“
o f Kansas as at present bounded. But in 1854 Congress established
;a territorial government for a territory called Kansas, which took in
•the most of the present State and also a considerable section to the
west o f it.
Eleven years h ter began the struggle for a State organization. (1)
.First in order was the Constitutional convention o f 1855 held at Topeka
Kansas (meeting Oct. 23 and completing its labors Nov. 2) at which a
State constitution was framed and adopted; it was claimed that this
■constitution was submitted to the people and ratified Dec. 15,1855, re
ceivin g 3,731 votes in its favor and only 46 against it. (2) N ex t was
the convention of 1857 which met at Lecompton September 5 and com
pleted its labors November 7, the section sanctioning slave-holding
being submitted to a vote o f the people and ratified Dec. 31, 1857, re
ceiving 6,226 votes against 589 votes; subsequently the entire Consti
tution with its conditional propositions was submitted to a vote of the
people by its advocates and by its opponents and each claimed the sup
port of a majority. (3) In the meantime another Constitutional con
vention was held at Mincola March 23,1858, adjourned to Leavenworth,
March 25,1858, and completed its labors A p ril 3,1859; the instrument
fram ed by that convention was claimed to have been submitted to the
Years.
ized Valuation. p. $1,000 Years.
ized Valuation, p .
1892....... $312,682.845
3884........ $237,020,391
$4*25 1883....... 203,184,489
1890......... 348,459,943
1889......... 360,815,073
4-20 1880....... 160,570,761
18S6......... 277,113,323
4 T0 1876....... 133,832,216
1885......... 248,846,811
$1,000
$4*50
430
5'50
* In 1890 before equalization the total valuation o f all property as
returned by county clerks was $347,712,218, composed of lands,
$168,285,199; town lots, $72,814,874; personal property, $48,750,913; railroad property, $57,866,232. The decrease of $6,737,098 in
the total valuation of property in the State during the last two years is
largely owing to the lowering of the assessed valuation of railroad prop
erty by the State Board o f Assessors.
The municipal indebtedness of the State on the first day o f July 1892
amounted to $37,817,755 14. This was divided among the several
municipalities as follow s: County bonds and warrants, $15,498,742
34; township bonds and warrants, $8,093,759 49; city bonds and
warrants, $9,984,166 53 ; school district bonds and orders, $4,241,096
78. Tbe amount in sinking funds July 1,1892, was $742,014 85, leav
ing a net total municipal indebtedness on that date o f $37,055,740 29.
On the first o f July 1884 the municipal indebtedness o f the State
amounted to $15,951,929 86.
On the first o f July 1886 it was
$17,779,299 42.
On the first o f July 1888 it had increased to
$31,107,646 90. On the first o f July 1890 it had reached the sum of
$37,119,977 33, less the amount in sinking funds, as above stated.
I t has been asserted, and is doubtless approxim ately correct, that 80
per cent of all county, township and city bonds has been issued in aid
of railroad construction; and the Legislature o f 1887, by an act more
wise than timely, reduced the lim it of such aid from $4,000 to $2,000 a
mile.
D E B T L IM IT A T IO N ,— Kansas has by its Constitution given the
State power to contract public debts for the purpose of defraying extra
ordinary expenses and making public improvements in an amount not
to exceed $1,000,000. This limit, however, has tw o exceptions. First,
the next section provides that it may bo exceeded if the proposed law
for creating such debt shall be submitted to a vote of the electors, and if
the proposed law he ratified by a m ajority o f the votes cast. Second,
the section follow ing provides that the State, may borrow money to
repel invasion, Ac. We give these sections in full and also the subse
quent one which forbids the State being a party to internal improve
ments.
Debts, annual tax; proceeds. For the purpose of defraying extraordin
ary expenses and making public improvements, the State may contract
public debts; but such debts shall never, in the aggregate, exceed one
million dollars, except as hereinafter provided. Every such debt shall
be authorized by law for some purpose specified therein, and the vote o f
a m ajority o f all the members elected to each House, to be taken by the
yeas and nays, shall be necessary to the passage o f such law ; and every
such law shall provide for levyin g an annual tax sufficient to pay the
annual interest o f such debt and the principal thereof when it shall
become due; and shall specifically appropriate the proceeds of such
taxes to the payment o f such principal and interest; and such appropri
ation shall not be repealed nor the taxes postponed or diminished until
the interest and principal of such debt shall have been wholly paid.
Other debts. No debt shall be contracted by the State except as here
in provided, unless the proposed law for creating such debt shall first be
submitted to a direct vote of the electors o f the State at some general
election; and if such proposed law shall be ratified by a majority o f all
the votes cast at such general election, then it shall be the duty o f the
Legislature next after such election to enact such law and create such
debt, subject to all the provisions and restrictions provided in the pre»
ceding section of this article.
Borrow money. The State may borrow money to repel invasion
suppress insurrection or defend the State in time of war; but the
money thus raised shall be applied exclusively to the object for which
the loan was authorized, or to the repayment of the debt thereby
created.
Interna l improvements. The State shall never be a party in carrying
on any works of internal improvement.
April, 1893.
M IN S / iS — C IT IE S
by the Constitution at all.
ition of such matters contained in that
requiring
-cUhtturi- to make general
law - m<l restricting the power to make debt in the case of cities, towns
and villages.
sion shall be made by general law for the organization of
'•r I.r taxation, assessment,
borrowing money, contracting debts and loaning their credit, shall be
so restricted as to prevent tlie abuse of such power.
Under the foregoing tt6 - BhtiOBOf Kansas has become so ex ten*
r limited space
not admit ol even a brief digest.
The reader will, however, rind the ground very fully covered in a series
of article* which were published in the C h r o n icle , Vol. 53, pages 854
and 942, and VoL 54. pages 42 and 128.
POPULATION OF STATE.—Kansas has developed into one of the
most important agricultural States of the country, though it is not so
long ago since we were told that the State offered but a poor outlook for
those engaged in igruultwraJ pursuits. The growth in population has
been as striking as the progress in agriculture, and is the more note
worthy since practically the whole of this growth has occurred during
the last twenty years—from 1870 to 1890. In this brief period the
number of inhabitants has increased from 364,399 to 1,427,096. The
earliest record of population goes back only to I860, and then the tota^
was but 107.200. The ^tate at that time ranked 33d in point of numbers
among the State* and Territories; now it has advanced in position to
number 19.
1890. ...................... 1,427,096 I 1870............................ 364,399
lss o ..........................
996,096 |1860........................... 107,206
In i-.w«
... i- j ' • ? . or-239 91 per cent; in 1870-80631,697, or 173-3.5 per cent; In 1880*90 431,000, or 43*27 per cent.
The proportion of the colored population was 4*33 per cent in 1880
and3\59 per cent In 1890. In number blacks were 627 in 1860; 17,108
id 1870; 43,107 in 1880, and 51,251 in 1890.
98 i s n o t r e s t r i c t e d
The only provision foi
g
BANKS-STATE, NATIONAL AND SAVINGS INSTITUTIONS.
125
yVTM
JD T O W N S ,
T O T A L D E B T.—Debt in January 1893 was $106,500 (sinking
fund assets $5,000). This total does not include school bonds, the
internal improvement bonds, or the mortgage on water works.
ASSESSED V A L U A T IO N in 1892 of real estate was $823,326; of
personal property, $284,260; railroads, $66,571; total, $1,174,157.
Total tax rate (per $1,000) $58*00.
P O P U L A T IO N in 1890 was 8,347; in 1880 was 1,012; in 1893
(estimated), 10,000.
A T C H I S O N . — T. B . G e r o w , City Clerk.
Atchison is situated in Atchison County.
I n t e r n a l I mprovements —
LOANS.—
When Due.
P ar k B onds—
7s, J&J, $256,617................ 1893
6s, J&J, $50,000....... July 1, 1895
(1-10 each series yearly) to 1901
R efunding B onds
B oard of E ddcation B onds —
's, J&J, $192,450 . .. July 1, 1898 B uilding Loans—
4s, J&J, 266,950 . .. July 1, 1913 10s, J&J, $16,000....Jan. 1, 1899
4s. J&J, 135,400--- July 1, 1915
6s, J&J, 29,000.... 1909-1910
4s, J&J,
49,150....July 1, 1919
6s, J&J, 50,000.... 1913-1916
U nrefijnded B onds—
1 0 s,....... ,$650...............
IN T E R E ST—W H ERE P A Y A B LE.—Interest is payable in New York
City and Atchison.
T O T A L D EBT, E T C .—The total funded debt on Jan. 1,1893, was
$694,600. The internal improvement bonds, 4 although guaranteed
4
by the city, are in no sense a municipal obligation.” They are payable
out o f taxes collected annually, and are not included by the city in its
total funded debt. The Board of Education bonds are also distinct
from the city debt.
ASSESSED V A L U A T IO N .—In 1S92 the assessed valuation of real
estate was $1,820,530; personal property, $463,540;- railroads, $109,780; total, $2,393,850; State, county, city and school tax per $1,000,
$59*00.
P O P U L A T IO N .—'The population in 1890 was 13,963; in 1880 it
was 15,105; in 1870 it was 7,054; in 1892 (about) 17,000.
—National aiul State banks alike have been multiplying very fast in
Kansas. There were at the latest date 142 national banks against only A T C H I S O N C O . — C h a s H. K r e b s , Co. Clerk.
75 in 1885, and aggregate capital was $12,442,100 against $5,145,400,
County seat is Atchison.
ami aggregate deposit* $20,974,815 against $9,815,311 A new law for
.
LOANS.—
When Due. Total debt 1892...............$299,000
the organization of 8rnte Institutions went Into effect March 21,1891,
Tax valuation 1892........5,049,190
R e fu n d in g —
and this requires at least four reports a year from the banks. On 6s, J&J, $231.000......July 1,1914 Population 1890 w as...........26,758
68,000...... July 1,1916 Population 1880 was........... 26,668
January 3, 1*93, the Bank Commissioner had returns from 445 banks 5s, J&J,
ami banking firm-, with lO7 millions capital and 205* millions deposits.
*
B A R B E R C O U N T Y . - E l b e r t B. P e c k , Treas.
X a tin n a t.
*S ta te .
.\n t i o n a l .
S t a le J
Count}* seat is Medicine Lodge.
Ka 9**A.
D e e . 9. *92.) [ J a n . 3, *93.) [ D e e . 24.)
( J u n e 30.)
LOANS.—
When Due. 6s, J&J, $13,000....... July 1,1917
JiumU r "f banks_
_
142
445
75
54
Interest Is payable in New York.
Co u rt house and J a il —
Capital
$12,442,100 $10,860,181 $.5,14.5,100 $2,119,221
6*. J&J, $25,000....... Jan. 4, 1916 Bonded debt July 1892.. $354,584
Surplus and profits
3.101.411
1.862,157 1,554,413
405,004
Total valuation 1892___ 2,958,090
R efu nding —
Deposits, individual. 20,974,815 20,844,588 9,815,311 4,035,429
* Includes in this case also the private banks—in fact all banks in the
State except tt> national.
*t Figure* for 188.5 are taken from the report of the U. 8. Comptroller
of the Currency, and do not Include the private* banks.
Taking the state and National banks together the aggregate capital
at latest d*t< * was $23,302,281 and aggregate deposits $-11,819,403.
C it ie s , C o u n t ie s a n d T o w n s
IS THK
S T A T E OF K A N S A S .
A LLE N
C O U N T Y . — S. M. N elson , Treasurer.
County M t l is loin.
LO ANSW h e n Due. [ T ax valuation 1892----$3,265,428
R a il r o a d A id Bonds o r 1880— , State At oo. tax (p. 81,000). $13-50
135,000
.J illy 1. 1900 Population, 1890.........
13,509
T ota l debt Feb. 1893
$133,000 I Population, 1880.........
11,303
Tbs a««n t*atv debt o f Alien County and all It* le«*er inuulcipalitlee on
Septeini. r 1,1891 w u $352,500, all at 6 and 7 per cent, and due from
1900 to 1917; the true value of all property in the county at the same
date waa. aa estimated by the County Treasurer, $9,714,290.
AN D ERSO N
C O . -J . M . H a r g r a v e , T rea s.
County seat U Garnett.
When Due. | 8T. Louis A A rizona RR.:
4R:
6 s ......... $58,000. ..Jan. 1, 1911
$9,000
Jan. 1, 1909
Valuation, etc.
T t .....
Lv la A G. RR- -funded):
Total debt 1892............. $294,500
6 $ ........ i ) , l. 1906 I TkX valuation. 1892 — 3,331,216
6 * .........
70,000. July 1, 1907 Population 1890 w a s .........14.203
#u
,
29,000 J»n. 1, 1006 Population 1880 w a s ......... 9,057
6 s .........
0,500. Jan. 1, 1911 i
A R K A N S A S
C I T Y . — |C.
R. 8IPE8, Treasurer.
Arkansaa City is situated in Cowley County. In addition to the bonds
below there are $50,0001>. M. & A. RR. 6 per cent bonds, dated 1888,
which are supposed to be Illegal, the court having Intuit'd a permanent
ihjonetten against their being paid. There is also a mortgage of $150,
000 against tiu-city water works, which is not included in the total
debt.
LOANS—
When Due. |6*, FA A. $7,500. ....Aug. 1, 1916
Subject to call after Aug. 1, 189G
Crrr B D tu im r,7s, M A*. f l 1,000 .. .**pt. 1, 1906 | 8 kwf.ii Bonds—
Subject to call n f w Pept. 1, 1^*96 7s........... $20,000. .1io due yearly.
W ater B onds
la r v a * w. I m pr o ve m e nt 7 s , ....... . $74,000 *S due yearly. 6*. MAN. $20,000..... Nov. 1,1921
o
Subject to call after Nov. 1, 1896
R a ilr o ad A id—
6s, MAN, $20,000
Nor. 26. 1915 Os, PAA, $10,000 . ..8opt. 18, 1001
Hdbjert to call after Nor. 26,1895
PAR V A LU E OF B O N D S .-T h e bond* Arc All for $1,000, except the
BR AM fm due In 1916, which are fo r $500.
IN T E R E S T payable in New York I* paid by the Interstate National
Sank.
8h, J&J,
0a, J&J,
6s, J&J,
Os, J&J,
Os, J&J,
6a, J&J,
$9,400........July
.............July
68.900........July
20.000
.. fuly
98.000
.July
96.000
.July
1, 1899
1, 1910
1, 1911
1, 1913
1, 1914
1, 1916
Assessment is *3 actual value.
State tax (per $1,000)...........$3*75
County tax (per $1,000)........ 13*25
Average school ta x .............. 8 00
Population 1890 was............7,973
Population 1880 was............2,661
BO URBO N
C O . — Z. A. H o r n a d a y , Tre-t.
County seat is Fort Scott.
LOANS—
When Due Total debt Mar. 1,1892.. $219,300
Sinking fund,
...
15,000
R efunding RR. B o n d s :
6b, J&J. $179,200....July 1, 1909 Tax valuation,
1892...6,000,812
6s, J&J.
40,000....July 1, 1913 Population in 1890 was...... 28,575
INTEREST la payable In N. Y. City at Inter-State Nat. Bank.
B R O W N C O U N T Y . — E lias Moser, Treas’r.
County seat is Hiawatha.
LOANS—
When Due.
Countv B onos—
7 s ,....... , $91,f>00....Dec. 31,1900
Total debt 1892................ $91,500
Total valuation 1892...$4,982,150
Assessment about
actual value.
Population 1890 w a s ........ 20,319
Population 1880 w a s ........ 12,817
C H A U T A U Q U A C O . -G.W. A rnold , Co.Clk.
County seat is Sedan.
Assessment is 2-5 actual value.
R a il r o a d B onds—
. ______ $140,000......Jan. 1,1917 , State tax (per $1,000)..*...... $4*55
7s. J&J,______
Total debt 1893.............$140,660 j County tax (per $1,000)....... 10*00
Tax valuation 1892....... 2,041,668 |Population 1890 was......... 12,297
C L A R K C O U N T Y . — J. M. Cooper, Treasurer.
County seat is Ashland.
LOANS—
When Due.
Co u r t H o u s e :
6s, M&8, $20,000....Mar. 1, 1908
R a ilr o ad a i d :
6s, A&O, $121,300.. .Apr. 10,1919
R efu nd ing :
6s, F&A, $25,000 .. Feb. 21, 1907
($5,000 every 2 y ’rs) to Feb. 21/15
Total debt 1893.............. $178,300
C L A Y C E N T R E .-W
This place la in Clay County.
LOANS—
When due.
F ir e B onds—
Gs. J&J, $3,000......July 1,1895
R efu nd ing Bonds68, J &D, $20,000......Dec. 15, 1907
Net debt 1893............... $178,000
990,406
Tax valuation, real......
Tax valuation, personal
143,395
Total valuation 1891... 1,133,801
State and county tax
per $1,000................
$23*00
School tax (per $1,000).
$12*00
Population 1890 was............ 2,357
Population 1880 was............ 163
alteh
P u ckey , City Clerk.
W a t e r B onds—
6s......... . $35,010................. 1913
Total debt 1893................ $61,000
Population in 1890 was....... 2,802
Population in 1880 was....... 1,753
C L A Y C O U N T Y . - -W. V. H e u s t e d , Treas.
County seat is Clay Centre.
LOANS—
When Due.
B ridge B o n d s :
7s...........$10,000.... Jan. 1, 1905
Gs........... 15,000... .Jan. 1, 1906
5s...........
9,000.... Dec. 1, 1907
9s,
....
2,993....July 1, 1894
R a ilr o ad A id B onds—
7 s ,........ , $10,000... Feb. 16,1902
Gs,........ , 100,000...Dec. 15,1907
08,........ , 66,000....July 1, 1911
Total debt 1892............. $212,993
Tax valuation, 1892......2,888,117
Population in 1890 was..... 16,164
INTEREST payable in New York is paid at Inter-State Nat. Bank
126
CLO UD
Vol. LYI
STATE AW CITY SUfTlEMEI^T.
S)
C O U N T Y . — W. A. M osher, Treas.
County Beat is Concordia.
LOANS—
Tt'/ien Vue.
Co d k t H ouse —
5s, J&J, $29,000....... July 1, 1903
F unding —
6s, J&J, $15,000....... July 1, 1906
P oor H ouse —
6s, J&J, $5,000.........July 1,1901
RR. A id —
8s, J&J, $70,000........Jan. 1,1908
Total debt 1893............... $119,000
Smiting fund....................
7,226
Net debt........................... $111,771
Tax valuation 1892___ $3,856,071
State & Co. tax (per $1,000).$12 50
Population 1890 w as......... 19,295
C O . — T. C. B a l l in g e r , Treas.
County seat is Burlington.
$2,342
LOANS-—
When due. Sinking fund.................
T ax valuation 1892---- 3,434,096
B r id g e B onds :
6s, F&A, $20,000... Sept. 15,1901 Assessment is *3 actual value.
State tax (per $1,000)........... $4-00
RR. A id B onds :
7s, M&S, $100,000...Mar. 31,1907 County tax (per $1,000)........ 10*70
Total debt 1893...............$120,000 Population 1890 w as..........15,856
C O FFE Y
C O W L E Y C O U N T Y . - W . II. G row , Treas.
County seat is Win Held.
When Due. Cask on b a n d ................. $40,000
LOANS—
N et debt.......................... 309,500
D. M. & A. RR.
6 s ,....... , $100,000....May 1,1917 T ax valuation, re a l....... 4,732,165
T ax valuation, personal. 1,954,005
K. C. L. & So. K. R h.—
7 s ,....... , $29,500.......Jan. 1, 1910 Total valuation 1891 ...6,786,170
Assessment is 15 actual value.
K. C. & 8. W. RR.—
6s, var., $100,000......... Var., 1915 State tax (per $1.000)......... $4*50
County tax (per $1,000)___ 10*00
R e fu n d in g B onds—
5 s ,....... , $119,000..Sept. 30, 1920 Average school tax (est.). . . 20*00
Subj’t to call after Sept. 30,1900 Population 1890 w a s ......... 34,478
T otal debt Dec. 1, 1892.. $349,500 Population 1880 w a s ......... 21,538
INTE R EST is payable at the Inter-State National Bank, N ew York,
and in Topeka, Kansas.
D I C K I N S O N C O . — W. S. N ixso n , Treasurer.
County seat is Abilene.
LOANS.—
When Due.
C. K. & N. RR.:—
6 s ,......... $100,000..Dec. 28,1907
C. K. & W. R K .:—
6 s ,......... $60,000..Nov. 1,1907
6 s ,......... 116,000.. July 1,1917
V aluation, etc.—
Total debt 1892 ........... $276,285
T ax valuation, 1892 ... 4,840,591
Population 1890 w a s...
22,273
Population 1880 Avas...
15,251
C O U N T Y . — Otto M u l l e r , Treasurer.
County seat is Dodge City. The bridge bonds included in the follow
ing statement were issued originally by various townships, but since
the d^te o f our last report they have been assumed by the county.
When Due. Bonded debt Feb. 1893... $195,500
LO ANSA. K. & C. R R .—
Floating debt..............
16,000
6s, J&J, $100,000...... Jan. 1, 1908 Total debt...................... 211,500
B rid g e B onds —
Sinking fund..................
6,000
. . , ........ , $6,000......Oct. 18, 1895 N et debt A pril l, 1892... 205,500
. . , ........ , 3,000......Oct. 23, 1896 T ax valuation, real....... 2,476,905
98,627
........, 5,000......Jan. 1,1906 T ax valuation, personal.
. . , ........ , 9,000......Jan. 1,1908 Total valuation 1892___ 2,575,532*
Co u r t H ouse and J a il —
State tax (per $1,000).......... $4 00
6s, J&J, $15,000....... Jan. 1, 1895 County tax (per $1,000)........ 19*50
Average school ta x ................12*00
R e fu n d in g 68, M&N, $20,000.. ..M ay 15, 1901 Population in 1890 w as....... 5,3086s, J&J,
8,500....Ju ly 1,1911 Population in 1880 was........3,122
6s, J&J, 29,000... .July 1, 1918
FO RD
FO R T
S C O T T . — S. S. D a y i s , City Clerk.
F o rt Scott is the county scat o f Bourbon County.
9,000....Jan. 1, 1915
LOANS—
When Due. 6s, J&J,
T e r m in a l F a c il it y —
R e fu n d in g (R R.)—
6s. J&J, $114,800... .July 1, 1909 6s, J&J, $20,000... .Jan. 1, 1927
6s, J&J, $30,000....July 1, 1920
B oard of E ducation B onds—
6s, F&A, 30,000....Aug. 1, 1920 6s. J&J, $17,000......July 1, 1907
R a il r o a d A id 6s, J&J,
38,700....July 1, 1909
500----July 1, 191&
68. J&J,
40,000.... July 1, 1916 6s, J&J,
R efu n d in g (M c A d a m )—
6s, J&J,
20,000....J u ly 15,1911
6s, J&J,
$3,000....Jan. 1, 1914
INTE R EST W HERE P AY AB LE -Interest on city bonds is pay
able in N ew York.
T O T A L DEBT, E TC .-T h e total funded debt on Jan. 1,1893, was
$246,800; sinking fund assets, $24,000; net debt, $222,800.
ASSESSED V A L U A T IO N —ru 1890 the total assessed valuation
was $2,301,000; ta x rate (per $1,000), $34*281 this including State
s,
tax, $4*281 ; county tax, $10; city ta x proper, $20. Real estate i/
s
%
assessed at “ about one-fourth its actual value.”
P O P U LA T IO N —The population in 1890 was 11,946; in 1880 it was
5,372.
F R A N K L IN
C O . — J. L. H end er so n , Treasurer.
D O N I P H A N C O . — M. B a u e r , J r ., Treasurer.
County seat is Ottawa.
LO A N S—
When Due.
K. C. & 8. Fe R y .—
Is , ......., $56,900.......Jan. 1,1910
R e fu n d in g < «. A id B onds—
6 s ,....... , $16,000.......July 1, 1900
6 s ,....... , 20,000.......July 1, 1905
6 s ,....... , 177,700.......Jau. 1, 1910
C O . — Scott Y e a t h a n , Treasurer.
County seat is Kinsley.
RR. A id —C. K. & W. RR.
LOANS—
When Due.
6s, A&O, $33,000...... Aug. 1, 1916
B r id g e B onds78, .......,$2,000.........July 5, 1901 6s, F&A, 55.000...... Feb. 1. 1921
7 s ,....... , $10,000....Jan. 1, 1897 Total debt 1892............... $164,489
($1,000 due yearly)to Jan. 1, 1906 T ax valuation, 1892.......1,335,184
Population 1890 was.............3,600
Co u r t H ouse and J \il —
7 s ,........, $20,000 . ... Oct. 10,1905 Population 1880 was.............2,409
R e fu n d in g B nds—
6 s ,......... $15,000 ... .July 1 , 190S
6 s ,........, $7,000........ July 1, 1918
G R A N T
Valuation, etc.—
County seat is Troy. In addition to the bonds below there are out
Total debt 1893............... $270,600
standing $26,200 refunding 6 per cent bonds, $177,349 coupons in liti
T a x valuation 1892........ 4,900,654
Assessment about H actual value.
gation in U. S. D istrict Court and in the D istrict Court o f Doniphan
Total tax (per $1,000)........ $35*00
(this including accrued interest), and also a large amount of past-due
Population in 1890 was......20,279
coupons not in litigation, making the total debt as below, about
Population in 1880 was......16,79Y
$587,758.
Valuation, Etc.
LOANS. —
When Due.
Total debt 1892...............$587,758 G E A R Y C O . — P. V . T r o y in g e r , County Clerk.
A tc h . & N eb . RR.:
County seat is Junction City.
7s,....... ,$152,000.... July 1,1899 T ax valuation 1892........ 2,680,577
ST. Jos. & D en . Cit y RR.:
Population 1890 was_____________ 13,535LOANS—
Valuation, etc.—
When Due.
Population 1880 w as_____________ 14,257 il r o a d A id B onds 7s,....... ,$150,500....
Ra
Total debt Jan. 1, 1893.. $98,000
78, J&D, $17,000....... Dec. 7, 1902 T ax valuation, real........1,490,010
673,122
D O U G L A S C O U N T Y . — J. C. W a l t o n , Treas. 6s, J&J, due8,000....... July 1, 1893 T ax valuation, personal. 2.163,132
($*2,000
yearly) to July 1, 1896 Total valuation 1892___
County seat is Lawrence.
6s, J&J, $15,000.......July 1, 1897 Assessment about ^ actual value.
LOANS.
When Due. The bulk o f the last issue is due in ($3,000 due yearly) to July 1, 1901 State ta x (per $1,000)......... $4*00
1902, 1909 and 1912.
R a il r o a d A id B o n d s :
6s, J&J, $58,000.......July 1,1911
County tax (per $1,000...... 14*00Valuation, etc.
6s, J&J, $141,600....July 1, 1899
subject to call after July 1,1901 Average school ta x .............. 18*00
6s, J&J, 49,200...... July 1, 1893 Total debt 1S92............... $507,000
Population 1890 was......... 10,423
($8,200 due yearly) to July 1, 1898 T ax valuation 1892.......4,626,549
Population 1880 w as......... 6,994
6s, J&J, $30*2,400___
Various. Population 1890 was_____________ 23,961
INTE R EST is payable at the Kansas Fiscal Agency, N. Y . City.
Population 1880 was_____________ 21,700
E D W A R D S
E L L S W O R T H . — J. M. Ch a m p io n , City Clerk.
C O U N T Y . — H e n r y B l a n d , Treas.
County seat is Ulysses.
LOANS—
When Due.
F u nding 68, J&J, $40,000........July 1, 1919
6s, J&J, 20,000........Jan. 1, 19*20
6s, J&J,
7,600........Sept. 1, 1920
6s, J&J, 11,000....... May 1, 1921
Bonded debt July, 1892... .$78,600
Floating debt..................... 17,521
Total debt July 1892........ 96,121
G R A Y
T ax valuation, real...... $1,087,320
T ax valuation, person’l
30,000
Total valuation 1892... 1,117,320
Assessment is ^ actual value.
State ta x (per $1,000)........... $3*00
Couuty tax (per $L,000)........ 8*00
A verage school ta x ............... 8*00
Population 1890 was.............1,308
Population 1880 was............
9
C O U N T Y . — D. F
r a n c is c o
,
Treasurer.
County seat is Ingalls.
This city is the county seat of Ellsworth County.
LOANS —
When Vue. 6s, J&J, $23,500....... Jan. 1, 1920
Se w e r B onds :
LO AN SWhen due.
6s, J&J, 20,000........July 1,1921
R efu nding —
Co u r t H ouse B onds :
7s, A&O, $3,000...... Oct. 1, 1900
6s, J&J, $14,500......... Jan. 1, 1909 Total debt 1892.............. $93,500
W a te r W o r k s :
............,$ ‘25,000............................
6s, J&J,
1,000.......July 1, 1909 T ax valuation 1892........ 1,073,246
7s, Jan., $40,000...... Apr. 1, 1906
G. A . R. G rounds :
6s, J&J,
12,000.......July 1, 1918 Population In 1890 was........2,415
Valuation etc.
.............. $ 10,000...............................
17,500....... Jau. 1, 1919
Total debt 1892................$128,500 6s, J&J,
RR. A id B onds :
6s, J&D, $25,500......Dec. 30,1917 T ax valuation 1891........ 312,305
14*65
6s, J&D, 15,000......Dec. 30,1918 T ax rate per $1,000........
G
Population 1890 was...................... 1,600 R E E N W O O D C O . — J. E. R ossel, Treasurer.
R e fu n d in g B onds .
6s, J&J, $10,000...... July 1, 1917 Population 1880 was......................299 County seat is Eureka.
LOANS—
When Due. T ax valuation 1892.$3,999,067
K. C. E m p . & So. R R .—
State & co. tax p. $1,000
$11*50
E M P O R IA C IT Y .—
16,309
5s, J&J, $247,000...... Jan. 1, 1916 Population 1890 was___
This city is the county seat of Lyon County.
Total debt J uly 1,1892. $247,000 Population 1880 was___
10,548
LO AN S—
When Vue.
LOANS—
When Vue.
Wa t e r W o r k s.
F u nding
7 s ,....... , $10,000....Sept. 1, 1902 7 s ,........, $50,000....Dee. 31,1899 H A M I L T O N C O U N T Y . - W . F. R eed , Treas.
6s,....... , 12,000.... Jan. 14,1906 5 s ,......... 162,000....Jan. 27,1907
County seat is Syracuse.
T o t a l D ebt , E tc .—
N o r m a l Sc h o o l :
7 s ,.........$5,800........Apr. 1, 1894 Funded debt 1892. ........ $282,300
Valuation, etc.
LOANS—
When due.
R e f u n d in g :
Water debt (included)___ 212,000
F unding —
Floating debt.................. $54,559'
6 s ,....... , $10,500....Sept. 1, 1912 Population in 1890 was........7,551 6s, A&O, $9,000......... July 1, 1917 Total debt 1892.............. 115,559
6 s ,....... ,
5,000....Fell. 1. 1913 Population in 1880 was........4,631 6y, J&J, 38,000.........Oct. 1, 1917 T ax valuation 1892........1,131,610
6s...........
5,000... .Mar. 19,1913
6s, M&S, 9,000.........Mar. 1, 1918 Population in 1890 was........ 2,027
6s...........
7,000. ...J im e l, 1913
6s, J&J, 5,000........ July 1, 1920 Population in 1880 w as........ 168
C O U N T Y . — L. W il k in s o n , Treas.
County seat is Garden City.
LOANS —
When Vue. Assessment about 23 actual value.
R ed em ptio n B ondsState tax (per $1,000)........... $3‘80
68, F&A, $25,000... .Feb. 21, 1917 County tax (per $1,000)........ 13‘00
6s, J&D, 15,000....June 1,1919 Average school ta x ................14-50
Bonded debt Feb. 1893....$40,000 Population 1890 was.............3,350
Total valuation 1892... l,550j)13
F IN N E Y
INTEREST is payable at the Kansas Fiscal Agency, New York.
C O U N T Y . — M. D. L ee , Treas.
County seat is Anthon>.
Bonds, 6s, J& J................. $125,000 Valuation, real............. $2,500,000
(Part due yearly.)
Valuation, personal___
200,000
Floating debt.................. 50,000 Total valuation 1892... 2,700,000
Total ta x (per $ i,0 00 ......... $25*00
Total debt Feb. 1893...... 175,000
Sinking funds— . ........... 75,000 Population in 1890 was.......13,266*
Interest payable in New York.
Population in 1880 was...... 4,135
H A R P E R
April, 1893.
Ka
n s a s
—
c j t ie s
H A S K I L L C O U N T Y . —J. G. M i c h a e l s , Treas
County seat is Santa i'e.
Fioatiugdebt................... $8,911
Rw l n d is g IT >\us—
Total debt 1893................ 92,911
.......July, 1918 I Tax valuation 1S92
937(559
* f, J&J,
11,000...... Jau. J, 1920 ! Tax valuation is 2 ot' actual value.
3
LOANS—
6*. J&J
K IN G M A N
..... July 1, 1920 ! suite A ro, tax Iter $1,000 ..$13-00
Bcoi- 'l debt 1393............ $34,000 j Population 1890 was.......
1,077
H O D G E M A N CO.- -T. 0. \ 1£ 0 7 Treasurer\ 83,
County sent it Jelmore.
€, L-PAN^ K K. K. &
,.. M&8, f43,000.
W h en D u e ,
j
J
LOANS"-
When Due
C O . — U. G. M
ustoe,
County Clerk.
County seat is Kingman.
LOA N S—
When D ue. Total debt July 1,1892.. .$193,409
Zhu.
12,000
127
r o w iis .
a n d
D. M. & A. R E -
68, ------ , $125,000...Feb. 2,1916
B onding B onds—
6 s ,.........
$1,100..Apr. 13, 1900
6s, .........
5,800., Jan. 6,1901
2,500...Jan. 1, 1903
6 s ,....... .
6s...........
13,500...July 1. 1903
7,100...July 1, 1909
6 s ,........,
6s...........
10,000...Apr. 1, 1911
6 s ,....... ,
7,500...Jan. 1, 1912
6 s ,....... ,
20,000.. .Apr. 11,1917
p i _____ HMH 1, 1918
j J&J,, $10,000....July m 1919 i
JA J,
4,000....July 1,
—
1906 i Total debt 1892............ $123,000 I K I O W A
I
! Tax valuation 1892......1,293,494 !
Tax valuation, real....... 2,129,840
Tax valuation, personal, 245,389
Tax valuation, railroads 578,677
Total valuation 1891....2,953,906
Assessment about ’4actual value.
State tax (per $1,000....___$4-50
County tax (per $1,000
...... 8'50
Population 1890 was........11,823
Population 1880-was..,,.., 3,713
„8epLl, 1017
COURT HoFSE—
Y u ltta fim i, etc
A&O, $ 10,000. .Apr. 1,
P ooh F arm
JvY - 19 [ Population 18
.. ..2.395
Kefc . disg Wahkants. Etc—
s
Population 1880 w a s ...... 1,70*1'
♦to, ..,,,.*$8,000......July 1, 1912 |
”
'
H U T C H I N S O N . — fi. A. C a m p b e l l , Mayor.
C O U N T Y — J. E. K ane , Treasurer.
County seat is Greensburgh
When due.
c .L£ ANn RR
l
®
6s,........ $41,000-----Oot. 1, 1917
F unding—
6s......... . $79,000,...Feb. 15,1919
6s,....... , 3,000.. ..Oot, 1, 1919
Till* city 1* the conuty seat of Bono County,
LOANS—
When Due.
I mprovement B onds—Cantin'd. \
T t r s v a t o Ron i m —
6s, J&D. $20,000 yearly In $2,500
10a, FA A, $1,000__ July 24,1898 I
instalments.
L
A N E
K. P, & W. E E 68, ........ $85,000...Aug, 4, 1917
Valuation, etc.
Total debt 1892........ . $208,000
Tax valuation 1892.... 1,305,382
Population 1890 was...
2,873
C O U N T Y . — 8. E. A
ruo ld ,
Treasurer,
7s, J4J. 12.000___0eo. 20, 1891
Ra il r o a d B onds—
6*, FA A. 35.000... .AUK. 1, 1903 ; 7a, JAJ, $37,000 ...Sept. 15,1906 1 County seat is Dighton. Valuation is about half of actual
« * , J A l), 20,000. ..Ju ne 1,1919 j &*. FAA, 25,000 . .Aug. 1.1907
LO ANSWhen Due. Tax valuation 1892........$614,008
R efunding B ondsIMI-BOVKXKST BONDS—
State tax (per $1,000)........ $5-40
O JAJ, 12,000 .. .Mar. 1, 1917
s,
s
KM, FAA $5,000....... Dec. 5, 1897 I Skwbk L oans—
I H , J&J, $124,500..... Jan, 1,1918 County tax (per $1,000)___ 10-00
KM. FAA, 3,000 ......Juue 1, 1898 I 6*, Vttr., $9,500...... .part yearly Total debt Feb. 1893..... $124,500 Population 1890 was.........2,060
INTEREST.—Interest is payable at Inter-State National Bank, New
York City.
T O T A L DEBT, Etc .—Tota debt July 1, 1892, was $182,500.
P O P U L A T IO N .—Population tn 1890 was 8,682; in 1880 was 1,540
I N D E P E N D E N C E .— This city t» the county seat of L A W R E N C E . — I f ; & n c W c i e r k .
Montgomery County,
La wrence is tUe county seat of Douglas County,
wtitn Due. 1
C IT Y LOANS ~
IND. T W N 'P . LOANS
LOANS—
When Due. 6s, J&J, $130,000— .July 1,1916
S* K, RR. B sim—
IFAen Due.
R e k cnd isg R a il r o a d —
Jasi. 1, 1SB3 j V. V. I. A W. RR.—
Subject to call after July l t 1906
7 », ...___# f 6*667 .. |
St . L. L. & D. RR.
'Jma, 1, 1903
....... ,$20,000 ,.. .Oct. 7. 1916 6s, Ma n , $2,300 .... Nov. 1,1897
Subject to call at an j time.
V. V. L & W. RR.—
6g, F&A, $1,000....... A.ug. 1,1894
debt 1892,. $20,000
Aqg.20,1018 Tax valuation, real....... 250,520 0s, JAJ. $ 1,800........ July 1,1909
B oard of E ducation —
Subject to cal! at anv time.
6s,........ $18,200....1895 to 1899
LB87 T a x va lu a tio n .p e rso n a l.
Total city «febt 1S02.
94,136
1 mx ftlnatloB. r e «l..
412,987 j T ax - .Juatlob.rat!roads
99.118 6s, JAJ, $81,700.......July 1, 1913 5 s,....... . $35,000..July 1, 1905-09
Subject to call after July 1, 1893
Tax valuatiun, pe-r«>iml. 78 unto i Total valuation 1891... 443,771
13,000 1Total tax (per 8 l.ubt.i)..
$33-90
Tax
nllru;
T O T A L DEBT, ETC.—The total funded debt in February 1893
890, Dl i f Population 1890 w as____...1,859
Total valtnvtina 1891.
was $216,000. On July 1, 1880, the tota debt was $654,115, The
I
(per SL* mm*
^28 toO ?
Ifepeiiilioii $%UQ wm
Board of Education bonds are not included in the total debt.
J A C K S O N
C O U N T Y . — C. M . L
County iwut t* Holton,
LOANS—
When Due.
e K. ik S, RR.—
*>». .......$100,000....Apr. 1, 1907
K ansas C e n H;\t.—
7 a, .
#*XM>00... ,Ja.u, 1,1902
o w ell,
ASSESSED VALUATION, — Iu 1S92 real estate $1,274,498;
personal property, $513,371; total, $1,787,869, Tax rate per $1,000,
$56-60, this including State tax, $1-10; county tax, $19-00 olty tax
proper, $21-50; Board of Education tax, $15-00. Property Is assessed
at from “ one-fourth to one-third its actual value,”
PO PU LATIO N .—In 1890 it was 9,997; in 1880 it was 8,510; iu
1870 It was 7,268.
T re a s .
I Total debt July, 1892.... $160,000
I Sinking fund ...............
13,359
| lax valuation 1892 ....... 3,779.798
< Populatiou i860 w a «,...
1 Popuiathm 1880 wax,. . .
14,620
10,7X8
J O H N S O N C O U N T Y . —G. T. Goode, Treas.
M. L. HACKER, Mayor.
HENRY JANSEN, Treasurer.
■object to call at any time.
#
Leavenworth is the oounty seat of Leavenworth County.
LOANS—
When due, J 8t . T„ h. & IX RR—
LOANS—
When Due.
RrvERStDB Co a l Co. B onds—
G as W e l l Bonds —
fW D iS ti Rosts*—
i 7#, J&J. $51,000...... July 1, 1899
6s, J&J, $10,000....... Apr. 1, 1917
54, J&J* f 18,000. .. July I, 1901 j Total debt July 1892..... $229,000 j 6a, J&.J, $3,000......... July 1, 1917
S eries B „ J. and O, B onds —
G. NEUAL IMI’ ROVSJIEST—
5*, F&A. 05,000___ Feb. 15,1902 |linking fuutto . . . . . . . . ___
8,270
5s, J&J, $4,000........ .July 1, 1894
K A », O T Y * 0A.S n F * f l u To
8«to 8«, yearly, $74,58 7........ t .0 yearly 5s, J&J, 4,000........ July 1 ,1899
L eav . Nor. & So. RR.—
7 % J*JrD, f65,000____ D m * 16,1899 |Population. 1890 w as..........17,385
os, J&J, 3,400........ July 1,1904
Sp e c ia l I m provem ent B onds—
Tbs average tots.! «ounty tax jxgsr $1,000 In 1891 was $23*03, being 5s, J & j, $50,000.......July 1,1917
L kav . & Olathe RR.—
6s, yearly, $78,962........ G0 yearly
o f—State tux,
county tax, $0*50; bond interest tax,
30-Y e a r Compromise B onds—
$ 4 0 0 ; and the averai,'*’ o f the school tax in different districts, $7*30. 6a, J&J, $15,000........Tan. 1, 19X7
I ndebtedness Cbutikicates —
5s, J&J, $58,800...... July 1 ,1909
Property 1st I& tm m R Cmm%$ to w mmmd at about H IM actual value,
...... . $104...............................
30-Y ear F u nding B onds—
P a r k B onds—
4s. J&J, $328,400......July 1,1914
fla, A&O, $70,000___ Oct. 1, 1895
B o ard of E ducation B onds —
J U N C T I O N C I T Y . -C. P. F eroelstone, Mayor, Os............1.2,500...... 1893 to 1895 6a, J&J. $110,797....July 1, 1909
Thto city hi in Cleary County,
($2,500 due serai-aunuaHy.)
and July 1, 1911
W hen D u , I
W XT pH WoRR.LLOANSINTEREST on tbe30-year compromise bonds, the bonds of seriesE
4<, >148. #50.000,.... Mar. 1,1917
CIST Bmh{K&>
7s* 8&M. #12,00*3... Aug. 16, 1900 Total debt 1 8 9 2 . . . . . . . . .$118,073 j .( and O, and mi t he Board of Education bonds is payable in Leavenworth
i T ax valuation 1 8 0 0 ...... 745.012 j on all other bonds interest is payable in New Yorlt City.
TmeMWQ Bon©#*—
0 *, JA J, #0,000 ..... 1893/91/95 : Total tax. rate per $1,000
®
56 00 I
thi- Ineluding State tax, $-1*30; \ T O T A L DEBT SINKING FUNDS, ETC.-The subjoined statement
($1 J . m ) 4 m f t l y ) to Jau. I , 180S
6#. MAN. $7,000 ..... May 1, 1909
county, $13*70; eitv proper, $23; f shows Leu venworth's total municipal debt on thellrstof April of each
Fusoiao T kkno ju , IH>*i >~
m lu m l $15.
of the last three years.
6a, H A M , #30,000., ... Mar. 1, 1020 Population 1890 was.........4,502 j
1893.
1892.
1891.
Population 1880 w a s ....___ 2,684 f
SASXtWAY TMUMtSm*-General bonded debt.......................... $561,204
$572,239 $604,086
Ss, M J e to ,,000 ■
% 1909
Improvement bonds............................'153,549
167,720 169,441
County M l* Olathe. The funding bonds issued by this county are j
sk%
L E A V E N W O R T H .—{
Total city debt April 1.....................$714,753
•The city owns two market-houses.
K A N S A S C I T Y .—W. A. Cox, Mayor.
$739,959 $773,527
T ill* city 1* situated In Wyandotte County.
ASSESSED V ALU A TIO N .-Th e city’s assessed valuation (abou
wOANS—
When D u e . 6s.......... $202,800. ..Feb. 1, 1893
ubt. $20,500 V rtvi to Fob. 1, 1809 one-third cash value) and tax rate have been as follows:
K. C W .& S . W. B y—
5s..... .,,,$30,000 ...July 1. 1907 6-.......... $51,3s5...A uk. 1, 1893
R eal
' Personal
T otal Asce,eed Rate o f lax
5».......
ao.Ooo..... fan. i, i o n (abt. $20,000 y'rly) to A uk. 1, 1894 Yearn.
Estate.
P ro p e rly .
V aluation.
p e r $1,000,
... ,8221,000... A uk . 1, 1895
$911,440
$5,488,450
$42-70
7*,-,.___, f 27,310 . , A iif, i, 1803 ih iiL ■ 15,000y ’ rly) 0> Auk. 1, 1899 1892.............. $4,577,010
$
1891.............. 4,591,680
846,250
5,437,930
43-50
* M $ 0 4 n* f 'r l n to M m , i, 1
l »to, .. - ....# 7 0 0 ..!..... Feb. 1, 1900
879,600
5,470,710
46-35
1893 | ....
. „#60,000......
............ 1890.............. 4,591,110
Tfm,.... ..,,
. Feb. 1,
i$t4,500 doe y *rli) to Feb. 1, 1898 j Crxv' o r WV VNDOTTE—
•Including railroads.
0i»,
, s IIO
h J,
.Feb. It 1893 1Os...... ...,#6 ,00 0 .... Oct. 1, 1893
The tax rate for 1892 as above includes State tax $3 90; county tax
_
<f 175 «lue y e »rly l to Feb. I, 1900 f 6*. ........ $59,900_ July 1, 1903
1893
F o r ’ns h C it y of K ansas—
7%
.Ofk» ..A tig, 1,
$14-05; city tax $10-00; school tax $8-75; total $42-70.
1892
<#83,500 d m y 'riy ) to Ans;. l t 1898 |7s, vsir. #25,000....... Sept.
PO PU LATIO N .—In 1890 population was 19,768; in 1880 it was
7;*.. , . , M\Wt nto> . Feb. i, 1893 | (v»r. s
,
0kbf. #SI#,500 VIf.) to Feb.. .1 t m $
16,510; iu 1870 it was 17,873.
t * » .„**.»►
___ _.Feb. 1, 1899 |
J
IN TE R E S T-W H E R E PAYABLE— Intereat
T O T A L D EBT, E TC -Th e total funded debt Jul 1, 1892, was L E A V E N W O R T H _ CO. -J. M. B uckihgic4 for intenml improrement’ S
fS.7fi3.i-56. of which #1,396,82;
ppyBiblfe by
"4arfe
TAX RATE
!
County seat is Leavenworth.
T
Then Due,
LOANS, # 1 0 0 ; obtlTity fax, # 8 0 0 ; city i
Os......... .
$600 . ..J u ly 1,1894
leased at about “ one-fourth ita Oh, ....... .
6,800
1, 1890
6s............319.000...... July L 1909
5-......... . 720.200....Ju ly f , 1915
m 1-D O w.h 3 4 & IQ * »» 1880 w m 3,200.
H *rt $ t . m m
pttfpdte •f-55'W.
M ln al rmkHJ*
POPULATION
H , Treasurer.
AM
The slnkiftg fan 6 o « the same
;
mm
Real eatsit-e
Total debt 1893...........$! ,017,200
Tax valuation 1892--- 9,209,555
Valuation about J actual value.
3
Total tax (per $1,000)....... $23-10
Papulation 1890 was ..... .38,485
STATE A C I T Y SUfflEtfEflT-
128
L IN C O L N
C O U N T Y .—T
Comity seat is Lincoln.
LO AN SWhen due.
R e f u n d in g B onds —
.............. $19,000....Mar. 1, 190-1
............. . 11,000....July 1, 1904
S. L. & IV. E i i l k Oad 6 s ,......., $50,000....Oct. 1.191G
6 s ,_____, 70,000... .Oct. 18, 1917
T
hom as
h om pson.
VoL LYI
When Due.
LO ANS-
■ u n d ing B onds —
F
6s, J&J, $78,000....
6s, A&O, 46,000....
Valuation, etc.
20,000....
Total debt 1892............... $150,000 6s, J&J,
6,000....
T ax valuation in 1892.. .2,161,919 6s, J&J,
Sc h o o l B onds —
Population 1890 w as_____________ 9,709
6s........ . $12,000......
Population 1880 was_____________ 8,582
6 s ,...... ,
6,000......
Total city debt 1893....... $117,300
Township debt 1893.......
73,600
1905 School district debt.........
18,000
1907
Interest is paid in N ew York.
1908 Tax valuation 1892 (city).$306,487
1910 Assessment about hi actual value.
Tatal tax (per $1,000)........ $66-50
.1897 & ’ 98 Population in 1890 was........ 2,574
.July, 1896 Population in 1880 w as........ 2,351
.Jail.,
.Aug.,
.Jail.,
..Jail.,
O T T A W A . — E. A. H a n e s , Treasurer.
LY O N
C O U N T Y . — G e o . J o h n s t o n , Treasurer.
This county contains Emporia City, which see.
LOANS
H A™ Due. I ntercet payable at State Treasury.
T ax valuation, real...... $5,926,490
N o r m a l Sc h o o l —
7s, March, $4,000. .. Mar. 20,1891 T ax valuation, personal 1,289,818
Total 1892.................... 7,216,308
subject to call at any tune.
Tax valuat'n is abt. pi actual value.
R e f u n d in g B onds —
5s, J&J, $243,000...July 1, 1913 State & Co. tax per $1,000. .$10-60
Population in 1890 was......23,196
subject to call at any time.
Total debt Feb,, 1893... .$247,000 Population in 1880 was......17,326
M A R IO N
C O . — T . P. A
lexand er
,
Treasurer.
O T T A W A C O U N T Y . - W . A. R o b e r t s , Treas.
County seat is Marion.
LOANS—
1
Then Due.
F u n d ing B onds —
5biS, Jan., $ 1 8 5 ,0 0 0 ..............
1922
Subject to call after 1912.
K ansas & N e b r as k a R R .—
7 s , .........$6,000.................. 1907
R e fu n d in g B onds —
Stas, J&J, $125,000............ 1921
Subject to caU after 1911.
Total debt 1893..............$316,000
T a x valuation, 1892...... 4,344,942
Assessment about i 5 actual value.
State &Co. tax (p e r$ l,000$.$75*00
Population in 1890 was......20,539
Debt per capita 1890.......... $15-48
County seat is Marysville.
LOANS—
When due.
optional
M EAD E C O U N TY.
m m ert,
Treasurer.
T ax valuation 1892___ $6,000,000
Total tux (per $1.000)........ $30-00
Population in 1890 was___ 23,912
-L. F o l l i c k , Treasurer.
County seat is Meade Centre.
LOANS—
When Due.
R a il r o a d B onds 68, ....... , $115,000..Mar. 15, 1908
RBFUNDtNG—
6 s , ....... , $30,000 ....Jan . 1,1917
6 s , ....... , 23,000 ....J u ly 1, 1919
M IA M I C O U N T Y
County seat is Paola.
I Valuation, etc.
|Total debt 1892............... $225,000
j T ax valuation 1892.........4,509,790
Population 1890 w as___
19,614
|Population 1880 w a s....
17,802
C O .— Mark T
County seat is Independence.
LOANS—
m ie n Due.
C o u r t H ouse a n d J a il —
6s, J&J, $20,000....... July 1,1893
($10,000 due yearly) to 1894
L. L. & G. R R —
7s, J&J, $161,467..... July 2, 1907
Total debt July, 1892.... $200,467
M O R R IS
Valuation, etc.—
Total debt 189*2............... $190,000
T ax valuation 1892 .......2,852,237
Population 1890 was_____________ 12,581
Population 1880 was_____________ 10,307
Debt per capita 1890___
$15*10
5J. M. GREGORY, Mayor
XG. W. H A W K , Treas.
This city is in Labette county.
LOANS—
When Due. T ax valuation, real....... $900,000
R a il r o a d B onds —
T ax valuation, personal. 100,000
6s, F&A, $40,000......Aug. 1, 1916 Total valuation 1892___ 1,000,000
6s, June, 20,000...... June 1, 1917 Assessment is ki actual value.
Bonded debt Feb. 1,1893..$60,000 Total tax (per *1,000)........ $51*50
Floating debt..................... 20,000 Population in 1890 was....... 6,736
Total debt Feb. 1, 1893.... 80,000 Population in 1880 w as....... 4,199
INTEREST is payable by the Kansas Fiscal Agency.
Valuation, etc.—
C O . — L. M. M a r s h , Treasurer.
Total debt 1892............... $169,822 P A W N E E
T ax valuation 1892 ....... 1,032,427
County seat is Larned.
Population 1890 w as_____________ 2,542 LOANS —
R a il r o a d B onds —
When Due.
Population 1880 w as_____________ 296 Co u ^t H ouse —
6s, F&A, $46,000 .. .Aug.17,1917
6s, J&J, $10,000..July,’94 to 1903 Refunding 6s, $8,000.’93&’97to’03
J a i l B onds —
Total debt 1892 .............. $68,000
6s, J&J, $4,000..July, ’ 93 to ’96 Tax valuation 1892....... 2,510,599
. — J. W. B r y a n , Treasurer.
Population in 1890 was........ 5,204
LOANS—
When Due.
K. C. FT. S. & M. RR.—
7 s ....... , $150,0 0 0 ....Sept.3, 1896
M. K. & T. RR.—
7 s ....... , $75,000.......July 1, 1901
M O N TG O M E R Y
County seat is Minneapolis.
LO ANSWhen Due.
Ch ic . K a n . & W est . RR.—
6 s ,....... , $90,000-...Jail. 1,1918
Solomon RR.—
8 s ,_____,$ 5 0 ,0 0 0 .... July 1,1908
8 s ,....... , 50,000 ....O ct. 1, 1909
P A R S O N S .-
M A R S H A L L C O . -G . S. E
R e fu n d in g B onds —
5s, J&J $70,000............
This city is the county seat of Franklin County.
Se w e r B >
nds —
LOANS—
When Due.
B ridg e B onds —
6s, J&J, $30,000........Jan. 1, 1898
6s, J&D, $11,000...... June 8, 1902 ($3,000 due yearly) to Jan. 1, 1907
Valuation, etc.
R efu nding B »nds —
7s, J&J,
$3,680...... Jan. 1, 1895 Total debt Jan. 1, 1892.
$91,514
7s, J&J,
15,500...... Jan. 1, 1902 T ax valuation 1S90 .... 1,284,783
6s, A&O,
25,000.......Oct. 1,1901
Assessment about *4 actual value.
6s, A&O,
1,334.......Oct. 1, 1902 Total tax rate per $1,000...$45.50
6s, M&N,
5,000...... M ay 1, 1906
(This including State, etc., tax.)
Population 1890 w as.......... 6,248
IN T E R E S T is payable in New York at the Inter-State National Bank
u lley
,
Treas.
T ax valuation 1892...... $3,711,797
Assessment about *3 actual value.
State tax (per $1,000)...........$4-00
County ta x (per $1,000)...... 17-00
Average school ta x ............... 10-00
Population 1890 was......... 23,104
Population 1880 w as......... 18,213
C O U N T Y . — F rank L
ow er,
Treas.
County seat is Council Grove.
LO AN SWhen Due. State & Co. tax per $1,000. $13*50
R e f u s i n g B o nds Average school and town
68 ....... , $100,000___ July 1, 1911
ship tax per $1,000......... 18*50
Total debt July, 1892.... $100,000 Population 1890 w as.........11,381
T a x valuation 1892....... 2,845,211
N E S S C O U N T Y . — J. M. A
rno ld
,
Treasurer.
P R A T T
C O U N T Y . - -J. F. M a s o n , Treas.
County seat is Iuka.
LOANS—
When Due. 6s, A&O, $5,000....1916 a n d ’ 18
K in g . P r a t t . & W. R R —
6s, J&D, 12,000.... 1918 a n d ’ 20
6 s ,....... , $96,000....D ec, 15,1916 6 s ,....... , 40,000....Jan. 24,1920
6 s ,......., 24,000____J u n e l, 1917 6 s ,....... , 47,000.... Feb. 1, 1920
Co u n t y B onds 6 s ,....... , 25,000....M ay 1, 1920
6 8 ,....... , $8,000....July 21,1912
Valuation, etc.—
6 s ,.......,
600....1913 a n d ’ 14 Total debt 1 8 9 2 ......... $309,100
6 s ,....... ,
4,500.... Apr. 11,1913 T ax valuation 1892___ 2,076,581
6 s ,....... , 23,500....Jan. 1, 1915 Population 1890 w as.............8,118
6 s ,......., 24,500.... July 1, 1917 Population 1880 was............1,890
6 s ,......., 12,000.... July 1, 1918
R E N O C O U N T Y . — G. W. C o o t e r , Treas.
County seat is Hutchinson.
Valuation, etc.—
LOANS—
When due.
Ch . K a n . & N. R R —
Total debtFeb. 1893.... $412,000
6s, F& A, $75,000... .Sept. 15,1907 T ax valuation, real...... 5,142,063
R efu nding —
T ax valuation, personal
665,551
6s, A&O, $61,000...... Oct, 1, 1904 Total valuation 1892... 5,807,614
6s, J&D, 20,500...... June 1, 1906
Assessment about M actual value.
6s, M&S,
1,500...... Mar. 1, 1907 State tax (per $1,000)...........$4*81
6s, M&N, 31,000...... M ay 1, 1911 County tax (per $1,000)....... 14*30
6s, J&D, $92,000...... Jan. 1, 1919 Population 1890 w as.........27,079
5*2, J&J, 131,000...... Jan. 1,1919 Population 1880 w as......... 12,82£
County seat is Ness City.
Valuation, etc.
LOANS—
When due.
F u nd ing B onds Net debt 1893............... $289,606
6 8 ,......., $18,000....July 1, 1913 T ax valuation 1892...... 1,624,569
6 s ,........, 30,000.... July 15,1918 Population 1890 w a s...
4,944
Ch . K a n . & W. R R —
Population 1880 w a s...
3,722
6s........... $75,000....June 1, 1917 Debt per capita............
$24-88
I N TE R E ST payable in N ew York is paid at the Inter-State Nationa
Bank.
R I C E C O U N T Y . — J. C. S e w a r d , Treasurer,
O SAG E
R I L E Y C O U N T Y .—T
C O U N T Y . — J. R. D r e w , Treasurer.
County seat is Lyons.
LOANS—
When Due.
Co u rt H ouse , E tc .—
10s, J&J, $7,000........... .July,1894
6s, A&O, 2,000...... Apr. 16,1911
Sa l . St e n . & E l P. R a il w a y —
6s, M&S, $12,000...... Mar. 1, 1917
R e fu n d in g R a il w a y B onds —
6s, J&J, $88,000....... Jan. 1, 1920
Total debt 1 89 2............. $109,000
T ax valuation 1892.......3,166,211
Population 1890 was_____________ 14,451
Population 1880 w as_____________ 9,292
hos.
H
unter
,
Treas.
County seat is Lyndon.
LOANS—
When Due. Total debt 1892............ $200,000
A t . T o p . & H. F e R R —
Sinking fund.................
23,430
7s, J&J, $150,000.. . Sept. 1, 1899 T ax valuation in 1892. 3,930.166
L a u ii . & Ca r b . R R —
Population in 1890 w as......25,062
7s, J&J, $50,000......July 1, 1902 Population 1880 w as.......... 19,642
I NTE R E ST is payable at Fiscal Agency in N ew York.
County seat is Manhattan.
LOANS—
When Due.
Ch . K a n . & W. R R .—
6s, J&J, $100,000...... Jan. 2, 1908
R e fu n d in g B onds 68, J&J, $165.000... July 10, 1904
Subject to call at any time.
Total debt Mar. 1. 1892. $265,000
O SBO RNE
R O O K S C O U N T Y . — G e o . N. M i c k e l . Treas.
C O . — E. J. B o t k i n , Treasurer.
County seat is Osborne.
LOANS—
When Due.
Co u n t y Bonds—
6s, J&J, $50,000.......July 1,1915
6s, J&J,
3,500....... Apr. 1, 1905
Interest payable at Inter-State
National Bank, N. Y.
Total debt Feb., 1893.......$53,500
Sinking fund....................
2,900
Net debt Feb. 1893......... $50,600
T a x valuation, real....... 2,445,002
T ax valuation, personal. 890,190
Total valuation 1 8 9 2 .3 ,3 3 5 ,1 9 2
Assessm’t about ^ actual value.
State tax (per $1,000). .
$4*30
County ta x (per $1,000).
$6*70
Population in 1890 w as...... 12,083
r iC lM IfU
SJ. M. G RANT, Mayor.
V V n,V_rk_J.— j w . K . ORR, City Clerk.
This city and township is in Labette County. The bonds described
below were issued by the township, but the city is liable for about 60
per cent o f the amount.
T ax valuation, re a l........2,841,580
T ax valuation, personal. 663,944
T otal valuation, 1891.. .3,505,524
Assessment is hi actual value.
State ta x (per $1,000)........... $4-00
County ta x (per $1,000)...... 8-00
Population 1890 was......... 13,183
County seat is Stockton.
Treasurer Mickel writes that this county w ill retire any o f its 10 p er
cent bonds at reasonable terms.
LO ANSWhen Due. 6s, A&O, $4,000....... Oct, 3, 1903
6s, J&J, 11,500....... July 1, 1906
R a il r o a d B onus —
6s, J&J, $60,000....... July 1, 1907 Total debt Jan. 1. 1892.. $123,500
T ax valuation 1891........ 2,011,795
R efunding —
Assessment is kj actual value.
10s, A&O, $5,000.... Apr. 12, 1895
State tax (per $1,000)........... $4-00
Subject to call.
8s, J& J,$4,000..J u ly28,’9 2 & ’ 94 County tax (per $1,000).......16-00
7s, A&O, $17,900..Apr. 1,1 88 5 A verage school ta x ............... 15-00
(part due each year) to Apr. 1, 1901 Population 1890 was........... 8,018
6s, J&J, $20,000....... July 1, 1903 Population 1880 w as........... 8,112
INTE R EST is payable in N ew York at tlie Inter-State Nationa
Bank (except on 6s due October 1903).
April, 1893.
C J T ilt B
R U S H C O U N T Y .—T. R. Brook, Treasurer.
County '. U is I.a Cro--,-.
LO AN S—
'• '* * » D u t.
K in s . * Cot- R E .—
i- H
6 a -....... $132,006— H a y 1,1918
* .......... $2<>,nW.................July X. 1909 ( Total debt 1802. §187,200
F v s m s v B oar,aT a t valuation 1892........ 1,762,272
6-.......... -".-V - 1 ........J o lt I . l a o o ibmulanmt 18$0 w as___
0.204.
.pari due y e a r ly to 1900 & 1911 i Poottlatiou 18S0 w h s .. .
5 490
6 a .........$21,300........ July 1 .1908 :
S A L A M A N C A
T O W N S H IP
C I T Y O F C O L U M B U S .—
AM 5
129
TOW NS.
SUM NER COUNTY.
T. Sturm, Treas.
County seat Is Wellington.
LOANS—
When Due.
Valuation, etc.
C.
& Ft. S. RR.—
Total debt 1892............ $317,000
6 s ,......... §76,000 . .Sept. 80,1909 Tax valuation 1892 .... 7,156,159
6s...........
96,600 ..Aug. 3, 1910 Population 1890 was.......... 30,271
R efu nding k k . B o ni a—
Population 1880 was.......... 20,812
SLjs........ §145,000 . Jan. 1, 1920
AND
Y C V P T T 'K ’ A
SB. S. COPRAS, Mayor.
1 U r L I V A . — ) GEORGE TAUBER, City Clerk.
This city is in Shawnee County.
Salamanca Township ami the city o f Columbus are in Cherokee County.
Six t h Str e e t V iad u c t —
C iT Y M lO A N S When Due. 5s. J&J, $40,000____ Jan. 15,1899
L
O
A
Wh? n Dus. |Total debt 1892___. .. .. . $190,000
Co a l P r o s p e c t in g —
South T o p e k a G en . I m p .—
1 0 - ....... , .'-"Tl.tHHA
Oeu c i , 1 -: m, |Population. 1890 was_
_
2,160
■
160,(MXL..Jan. 1 ,1916 j Population 1880 w a s....
1,16-4 6s, J&J, $12,000____ Apr. 20,1906 7s, J&J, $4,000.........Sept. 1, 1895
F unding B onds—
INTERNAL IMPROVEMENT
os. J&J, $79,000.......J J r 13,1910
B O N D SK in s is M id lan d R R—
S A L I N A . — Tib- city is the county seat o f Sailaa County.
Paving and Sew ers —
LO AN S—
When Due. !
Sa l i m Bo ard o f E d ucation 8s. J&J, $74,000...... Nov. 8, 1893
R efu nding B onds—
is.........$817,043, part due yearly
G en ' i I m i ’Ko v e m e s t —
Lo a n —
6s. J&J, $1-1,000...... July 20,1906
BOARD
OF
EDUCATION
6 *...........9 : 6 ,f. 'ft
.fitly 1. 1900 t « * , ..........
1.000_ July 1,1891
_
3s, J&J. 14,000...... July 2,1905
B O N D SF c s d im ; Bonds—
; * i « , ........ . 10,000
July 1, ISuti 5s, J&J. 100,000...... Aug.If), 1912
Girious--- $234,202.........Various
- '
■>........... UMKHi.... Title 1, 1899
IN T E R E S T —W H E R E P A Y A B L E .—Interest is payable in. New
- #*» . . . . . . . H J H m ___Ji.tti.22. 1009 t 3 s ,........ , 10,000___ July l, 1902
...........
T.tlOO___Mar. J. I9*>- '
........
5,0<><»___July 1 , 1907 York at the fiscal agency of tlie State of Kansas, at present the Inter( k ....... lo .t."«»......luty 1 , lints 1c ity debt 1892................ §129,000 State Nat. Bank.
lit-.
C r ' c .. . fiii:1 1, C i . ' Bifarit''ClXUHirvi’ n bond:
44,000
T O T A L D E B T, E T C .—The total general city debt on N ot . 1,1892
i Copulation 1800 was___
6,149
was $337,000; Internal Improvement Bonds, $817,043 40; Board of
Education Bonds, $234,202,
avis
IN T E R N A U IM P R O V E M E N T IB O N D S .—1 he Internal Improvement
T
LO ANSWhen Due.
Mo. P ac ific i f f —
f t ■ • ' - :• • J.t.I. S-* UXtii....... July 1,1916 Bondsare payable in instalments, one-tenth of each issue maturing
K b , JAJ,|12,^ ) o ...... July 1, 1894
V a lu a tion , etc.
on July 15th o f each year, on which date is -also paid the annual inter
Ctt* K . 4' X - Eli. —
*
I Total debt 18 9 3 .......... $263,500
64,
......Dee 29, il*07! Tax; raiuatl*>» 1902____ 4,744,998 est on the bonds remaining unpaid. The money to meet the payment
C«.. K A w - RK*—
i Popidatbm 1800w aa.... ...17,442 of both principal and interest is raised by special assessment on the
tlion 1890 wart..........13X08
property heuetitted by the improvement for which the bonds were
Issued, this assessment becoming a lien on such property. The city
6**, M&0* *33,000.. „ .9 e p t * l» 1916 I
guarantees the principal and interest o f these bonds. No default has
IN T E R E S T E payabb*. m >*««“ York at t!?e Inttr-Xfate'Nat, Bank,
ever occurred on any o f thorn though over $550,432 in principal and
Interest has been paid^iuce 1888.
alker
ASSESSED V A L U A T IO N .—The total valuation of real and per
i ’m m t f mmi i.« 8©**tL The validity
the raUnwwi 6# h m been estttb*
serial property has been reported by the City Assessors for 1892 at
iii the If, X Circitit Cfturi and the bond* smiAt be paid at ma$9,210,74!. and the total tax rate for that year was $38'83 per $1,000
tailty.
o f valuation. This rate is made up o f State tax, $3-80; county tax,
.L O A N S W k m Due, J V a lu a tio n , ete,—
E *U k o a i * AID—
i Total debt {iM re ta rn s }. $131,000 T V 20; city tax proper $20-03 and school tax, $9-80. In 1890 the
€*< ..
27, 1917 |Tax valuation 1890........1.024,881 assessed valuation o f real estate was $7,082,460; of personal property
lt*rtrs*l>**G
—
i Population ln t«) w w , . „
l f2§2 $2,391,599; total, $10,077,059; tax rate (per $1,000) $39-60. Real
04, ...
$£M N)0. May 1, 1919 * Population 1880 was_
_
43 estate is assessed at “ about one-third its actual value."
..**... 2.OO0.. May
1»1920 |
P O P U L A T IO N —Local authority gives the city a population this
C O U N T Y . — T.
C a r t w r i g h t . year of over 4 2 ,000 , According to the U. 8. Census the population in
1890 was 31,007; in 1880 was 15,452; in 1870 was 5,790.
€*#i#ftty 'Mmt t« Wii*
Wfatn tine.
P o o r F a r m B o n t >4—
LO AN SCJiHUiT Ifor#*', K t i t. H o aim —
I 6t, J&J, $10,000.----July 1, 1906
j.fci, f i s j i c w ... .j n i y i. m m
tubwb
J& J. i00J#*l0 ... ■
/YV*. ¥ & A , $1 40,000. Wffii. 1, 1010
County seat is Alma.
j * . JJk it. MK0OO___ J unt* l, 1000 Total
1992 ..... ....... $438,000
i ’lTNi *!?»<♦
—
Tax valuation 1892. ,$12,080,547
LOANS—
When Due. Total debt 1892...............$138,700
..., .j « i y t » m m P o p u a tle a 1890 w m .
4.3,626 - R vlU o i u> Ain Bonds —
Tax valuation 1892........ 2,773,203
IN T E R E S T i* pwmhlm fa
V *rk at £b« later-Steta Katloaal 7 * ........ $138,700... July 1 ,1910 Population 1890 w as.......... 11,720
S A L I N E C O U N T Y .—Trios, D
S C O T T C O U N T Y .—J. W
S E D G W IC K
, Treasurer.
, Treasurer.
B.
W A B A U N S E E CO.—F. S
, Treasurer.
' Mrnuk,,
W E L L IN G T O N .—J. C.
T
hom pson,
Major.
S E W A R D C O U N T Y . — E. R . R a g l a n d , T rea s.
This city Is. the county scat of Sumner County.
C’wiiBtj teal I* SpetBgliri'].
a
C IT Y
WHmDue. f’s , .........21,000.........July 1,1900
When D m , j Tola d debt I f
:...... .. . ..^15*2,350 ! F undingL O A N S LO ANS—
(part each year) 1902-1903
—
i Tax vaiuaijo n IS02.... 605,249 j 0s. F&A. $13,000............—— 1800 5s......... . $14,000 .. ..July 1,1907
0*, JiiJ,
. . July l, i m ? ii AJM
* •nt hx actual Tal'ti6,
p .- o s i v v i i s f , a n d M in in g —
Total city debt 1892......... $68,000
a
i * f » . 31,000 ..,3Uriel, W 1 9 j Pop1tali© n 1 0 w m ..........1,309
.r&T), $.1,000.......... Feb. 1 ,1898 School debt (additional)...$75,500
« * „ %t w m \ !b.j» lilatlon 1 0
1
tie. J m l, 37,two-.. .
5
Tax valuation 1890...........925,627
HR. A m Bonds —
=
7... .r&.T, $20,1100........fulv 1, 1910 Assessment about % actual value.
IN T E R E S T U l « f M * la K 1ST T<>rk a!■tlse lute
rts, MAS. 40.000....... Mar. 1, 1919 Tax rate (per $1,000)....... $52’00
Bt »A-K1) OF EDUCATION LOANS. Population 1890 was....... ...4,391
S H A W N E E C O . — A. K . R ono i
e a s u re r.
« i , .........$6,500.......... fitly 1, 1894
O oiialy
N Te*j
IN T E R E S T k payable at the State Fiscal Agency in New York.
i
wt
W h m D m , | Hr
LO AN Sl r»% j & l>. $12.
AT* M TOP. A A r.v P*i H R
.
v x 7 1 1— i t i TP A
‘
1JOHN B. CAREY, Mayor.
7*. M & S t
|
.
L 1800 | fr«
7.% j a i k
jm t
....j « i » # i, 1002 i Totjisi debt 18
$370,000 W 1 C H . 1 1 A . — ; FRED. 8CHATTN15R, City Clerk.
[T a x
15,906,512
This city is the county scat o f Sedgewick County.
1
...Mar, l, 1800 : VikltiiUbm
SPEC! a l A ssessment B onds—
C IT Y L O A N S m enD ue.
t Slate &
K Si. A t>, K it.—
ta
(is, Var, $525,000., .1893 to 1901
Ctry H i m . S ite Bonds —
iilatbm is
1000 |
1,
(Part due each year)
5s. J&J. $100,000.. Jan. 1,1910
20,003
BOARD OF EDUCATION BONDS.
CHtc. K.v-. & N ek . R R .—
*
«ai;«si | t.
*
6s. F&A. $10,000.... Aug. 1,1907 6s. J&J, $6,000 ....J u ly 1,1893
($1,000 due yearly to July 1 ,189S
K i w i s M id la n d RR.—
<)», J AT), $50,000 ... June l, 1918 6s, J&D, $19,000 ....D ee. 1,1902
ORL M i l l s
S T A F F O R D C O
Subject to call on Dee. 1,1892
R efundihg B onds—
C#¥iaty n®mt I* Sali*t
v
5s, J&J. $50,000..... ran. 15, 1921 5s, J&.J, $25,000 ... .July 1, 1905
» W . i Vr,litta iio n .
LO AN Ssubject, to call on July 1,1895
8t . L o uis F t . 8. & WiOB. R E .—
Tofa.! debt 18
..._
_ $170,500
wwwmmt fp »Y tm—
..Inly 1,1903 5s, J& j, $10,000 ....Ju ly 1,1906
.. . . r ^1 B. 000 , Ort.. IS, 1001 : T ax valitatio
92.. . 2,406.153 6s. J&J, 740,000
i
5s. J&J, 50,000 ... .July 1, 1909
WtCHfTA & C 'LORADO K K €4, t m f #v
7,S00 ,. i m n & 1903 1 !•«,«rilitimii 1
vas_______ 8,520
j
Subject to call after Jan. 1,1891
tie.
...
-Jill***. . Apr. 1. 1908 ! Fnpiaiatton l
vas........... 1.755 Os, J&J, $40,000___Feb. 1,1906 5s, F&A, $50,000....Feb. 15,1910
*
M f * fl*
tm*\ t
i 1$!J0
$2L 1
8
bnp:
IN T E R E S T on the city bonds is payable by the Inter-State National
i 1980
1-25
•*.
. . , # 1 2 8 ,0 0 0 . July .1 1916 j|XMb it per cap!
,
Bank, New- Y o r k ; on the Board of Education bonds by the New York
Fi-vul Agency, with the exception o f bonds due in 1909, interest o »
which is payable in Topeka.
f ’m m tj
i « io tu v io n ,
LOANS—
W h * n D u e . |Total Tahtotlnn 1892..... f877,000
T O T A L D E B T, E t c .—T he total general debt in Feb., 1893, was
H.trrx m w * S tif f**—
at
actual value.
6,*. J,%J,
July 1, t9\H s ta ff t tx tJX»r ^1,000)...........I 3 ''5 $290,000; special assessment debt $525,000.
ASSESSED V A L U A T IO N in 1892 was on real property $5,770,740;
T - f i i . ' a jy l
«f. I hh/ routtCy
(jwr *1,000)....... 10-00
T *t
rral
. .47 I. a 0® j Arr^ntsT
f a t . . . . . . . . .,1 T’O
O per.-wmai property, $1,003,255; railroad property, $214,857; total,
Tam
p*>r*»*n i l .
7J0O ! j ’upnlatlo'lfl 1r 1800 w a s..,.*. 1*031 $6,990,852 ; actual value about $21,000,000.
IN T E R E S T i * p * T * W e
th# K m m m FiscaJ A georr.
P O P U L A T IO N .—The population in 1890 was 23,853; in 1880 was
4,911; population in 1892 about 24,382,
S T A N T O N C O U N T Y . -W. J. Baowjr, Treae.
C O U N T Y .—T. T. Boles, Treas.
STEVENS
CwfiniT *##i| !* II
LO ANSB r.rr n m mp ftrt?-.
# ». J A J . 150/100
!■
f* imT&hlt
B
o
r
,..Jan* 1.1919 s
n Nbw
I
17,1
Float*» « debt .
T tm : d0\t Fftt*. 17, i 'f » % TttlUAtlon, r^ftl..
.102,133 1 Fojh
.770.183: For»f
allot). {wnurDfil.. J? 13,890
nation I mOJ . . ..780,084
Yift is % m u m l Yttine.
t ( m f $ 1M m . . . . . . $‘2*50
fit rppr f I «KK»>....... 10*00
*rhn*tl uix . . . . . . . . . 10*50
.
cm 1 * 18 80-W as......
.1
IS
W IL S O N C O U N T Y . -R. J.
County seat is Fredonia.
LOANS—
When, Due.
Co u nty B h i r,fhngs—
.......... . $2(>,000---... .. .
St . L. & W. RR.—
7s . . . . . . i $00,000....Key. 20, 1009
M
ackey,
Treas.
Valuation, etc.
Total debt 1892. . . . . . . . . . $133,084
Tax valuation 1892.......2,590,495
Population 1890 w as........ .15,286
Population 1880 w as........13,778
130
Vol. LVL
STATE A1W CITY gUffi£W3tn,
W Y A N D O T T E
C O . — M. W.
The county seat o f this county is
When due.
LOANSA sylu m B onds —
6e........... $25,000..
1896-97
B ridg e —
.............. $75,000..
5 8 ,........, 60,000.. . .July 1, 1919
F u nding B onds 1893-95
58, ........ , $38,000.
5 ^ 8 ,........, 50,000. ...July 1, 1903
5*28,........, 44,000 ..July 1, 1918
5 ^ 8 ,........, 75,000 ..Jan. 1, 1919
St e w a r t ,
Treas.
Kansas City.
J a il B onds5 8 ,.........$40,000-----July 1, 1919
R oad I m pr o v k ’ t C e k tific ates —
...............$129,000... 1893 to ’ 95
Valuation, etc.
Total debt 1892.........
$468,1 SI
Tax valuation 1892... 11,062,709
Assessment about
actual value.
Tax rate (per $ 1,000).
$50 00
Population 1890 w as..........54,407
Population 1880 w as..........19,143
State of Montana.
ITS
DEBT, RESOURCES, Etc.
Organized as a Territory (A ct May 26, 1864) May 26, 1864
Admitted as a State (A ct of Feb. 22, 1889) - Nov. 8, 1889
Total area of State (square miles) 146,080
State C a p ita l................................................................Helena
Governor (term expires 1st Mon. Jan. 1897) JohnE. R'chards
Secretary of State (term exp. 1st Mon. Jan. ’97) Louis Rotwitt
Treasurer (term expires 1st Monday Jan. ’97) Fred. W .W rig h t
Legislature meets biennially in odd years on the first Mon
day in January, and sessions are limited to 60 days.
SITUATION AS TO DEBT, E t c . — Montana has no funded debt.
A few years ago the Territory w e believe reported some trifling
obligations outstanding, but when the State was organized there was
nothing of that kind for the new government to assume. There were, of
course, county debts, the total of these March 1, 1889, being reported at
$1,609,32.2-66 and on March 1, 1890, at $1,794,023*64. A s the
Enabling A c t under which Montana entered the Union o f States was
approved February 22,1889, and as the Proclamation o f the President
was issued Nov. 8, 1889, the above totals o f county indebtedness
represent as near as possible the situation at the period when the
important change from a Territory to a State was made.
N o t only has Montana, no State debt, but it has a substantial income,
and w ith the close of 1890 reported a good balance in the treasury.
The revenue from all sources in 1889 was $149,316*70, and in 1890 it
was $309,429*23, with $187,181*49 of cash still on hand December 31,
1890. Governor Joseph K .Tookinhis annual message theflrst of January
1891, speaks with pardonable pride o f the flourishing condition of the
State. Its progress and development have certainly surprised the
general public, who were little acquainted with its resources. In the
East the ideal fo r Montana was a cold place np in the Rockies with
some rich silver mines but little else. To-day almost every industry is
taking root and flourishing there. One large portion o f the State
comes under the influence of the Chinook winds and is a perfect
garden for fruit. Wheat, oats and barley have got a good start, and
though the total product is small, yet w e notice that the yield of wheat
per acre according to the 1890 October report of the Agricultural
Bureau (page 520) was 22*3 bushels, the highest o f any State except
Washington. Horse, sheep and cattle And perfect pasture everywhere
and naturally enough are multiplying fast. The mineral output reached
a value o f $47,848,000 in 1890 against $24,012,000 in 1889, while coal
Is getting to be quite’ an important product.
T A X A T IO N .—The amount raised by taxation during the year end
in g January 1,1889. was $134,861; ta x rate (per $1,000), $2*00.
ASSESSED VALUATION.— 1893 the total assessed valuation of
In
real and personal property was $129,456,942; State ta x (per *1,000)
was $2*50. In 1890 the total assessed valuation o f property in Mon
tana was $106,392,892. In 1880 the assessed valuation o f real estate
was $5,077,162; of personal property, $13,532,640; total, $18,609,802
DEBT LIMITATION .—The Constitution of Montana was adopted
by popular vote October 1,1889. A rticle X I I I . contains the Sections
whioh regulate the. debt-making powers o f State, county and city, and
w e give those sections in full below. I t w ill be noticed that tlie
estriotions and limitations arc distinctly and fu lly stated.
Se c tio n 1. Neither the State, nor any county, city, town, munioi.
pality, nor other subdivision o f the State, shall ever give or loan its
credit in aid of, or make any donation or grant, by subsidy or otherwise,
to any individual, association or corporation, or become a subscriber to
or a shareholder in, any company or corporation, or a join t owner with
any person, company, or corporation, except as to such ownership as
may accrue to the State by operation or provision o f law.
Sec . 2. The Legislative Assembly shall not in any manner create
any debt except by a la w which shall he irrepealable until the indebt
edness therein provided for shall have been fu lly paid or discharged;
such law shall specify the purpose to which the funds so raised shall he
applied, and provide for the le vy o f a tax sufficient to p ay the interest
•n, and extinguish the principal of, such debt w itbin the tim e limited
by snob law for the payment thereof; hut no debt or liab ility
shall be created which shall singly, or in tlie aggregate with any exist
ing debt or liability, exceed the sum o f one hundred thousand dolla.-s
($100,000), except in case o f war, to repel invasion or suppress insur
rection, unless the law authorizing the same shall have been submitted
to the people at a general election and shall have received a majority of
the votes cast fo r and against it at such election.
Sec . 3. A ll moneys borrowed by, or in behalf o f the State, or any
bounty, city, town, municipality or other subdivision of the State, shall
be used only for the purpose specified in tlie law authorizing the loan.
' Sf.c . 4. The State shall not assume the debt, or any part thereof, ol
any county, city, town, or municipal corporation.
Sec . 5. No county shall bo allowed to become indebted in any
manner, or for any purposo, to an amount including existing indebt
edness in the aggregate exceeding five (5) per centum o f the value
of the taxable property therein, to he ascertained by he Ia3t assess
ment fo r State and county taxes previous to tlie incurring of such in
debtedness, and all bonds or obligations in excess of such amount
given by, or on behalf of, sucli county shall he void. No county shall
iucur any indebtedness or liab ility for any single purposo to an amount
exceeding ten thousand dollars ($10,000) withou ttlieapproval of a m a
jority o f the electors thereof, voting at an election to he provided by law.
Sec . 6. No city, town, township or school district shall he allowed to
become indebted in any manner or for any purpose to an amount in
cluding existing indebtedness in tlie aggregate exceeding three (3)
per centum o f the value of tlie taxable property therein, to be ascer
tained by the last assessment for State and oonnty taxes previous to
tlie incurring o f such indebtedness, and all bonds or obligations in
excess o f such amount given by. or on behalf of, such city, town, town
ship or school district shall be void; provided, however, that the
Legislative Assembly may extend the limit, mentioned in this Section >
by authorizing municipal corporations to submit the question to a vote
of the taxpayers affected thereby, when such increase is necessary to
construct a sewerage system or to procure a supply o f water for
such municipality, which shall own and control said water supply
and devote the revenues derived therefrom to the payment of the
debt.
P O P U L A T IO N O F S T A T E .—Montana enjoys the distinction of
being one of four States (Montana, Washington, North Dakota and
South Dakota) whoso admission into tlie Federal Union Congress
covered by a single act. Population as yet is not large, hut is growing
The Census of 1890 made the total 132,159, which compares with 39,159 in 1880 and 20,595 in 1870. The State contains great mineral wealth
and in the aggregate production o f copper and the precious metals
ranks v ery high. The famous Anaconda copper mine is located
within its territory, and there are many important mining centres,
Butte being especially prominent. N ot only that, but the State pos
sesses excellent advantages for grazing and wool raising, and much of
the land is good farm ing land well adapted for producing wheat and
other staple crops. Three great railroad systems, namely the Northern
Paoifio, the Great Northern and the Union Pacific, connect the State
with the rest o f the country. When to this is added the fact that in area
the State is about three times the size o f N ew York, it w ill be seen that
tbe opportunities for development are great,
1890...............132,159 |1880.................39,159 |1870.................. 20,595
In 1870-80 the increase was 18,564, or 90*14 per cent; in 1880-90
93,000, or 237-49 per cent.
BANKS—STATE, NATIONAL AND SAVINGS INSTITUTIONS.
—Considering wbat a brief history Montana has had, its banking
facilities and operations are large. There were Dec. 9,1892,35 national
banks, with nearly 4 7 millions capital and over 15% millions deposits^
s
against only 15 banks, with $1,810,000 capital and $5,729,406 deposits
at the end of 1885. In addition, tlie U. 8. Comptroller o f the Currency
had returns June 30,1892, from eight State hanks, whose figures along
with those for the national banks are given in the follo w in g:
-1885.-1892.State.
National.
Slate.
National.
(June 3 0 ,’ 92.) {Dec. 24.) {Oct. 1,’84.>
Montana.
(Dec. 9, ’92.)
8
15
3
Number o f banks......
35
$607,000
$1,810,000 $75,000
Capital......................$4,840,000
334,611
1,123,554
54,762
S u r p l u s and profits... 3,458.670
1,433,890
5,729,406
179,344
Deposits, individual. .15,827,138
The State and national hanks combined have about 5% million dollars
oapita.1 and about 17M millions deposits.
C it ie s , C o u n t ie s a n d T o w n s
IN THE
S T A T E OP M O N T A N A .
B E A V E R H E A D C O . — J . C . M i t t e r , Treas.
County seat is Dillon.
Total debt (last returns). $76,303 I State & co. tax (per $1,000) .$20*00
T ax valuation 1890........ 3,013,172 |Population in 1890 was........4,655
B O Z E M A N . — M.
S a n g o h n , Treasurer.
Bozeman is in G allatin County.
Sc h o o l B onds —
LOANS—
When Due.
City bonds, $47,300...................... 6 s ,....... , $6.000.....................1912
Optional after 1907.
D um p G kound B onds —
6s, J&J, $3,000.......... July 1, 1912 Total debt 1893...............$113,300
Subject to call after July 1,1902 T ax valuation 1891------ 2,000,000
Population iu 1890 w as....... 2,143
Population in 1880 w as........ 894
B U TTE
C I T Y . — S i m o n J a c o b s , Treasurer.
Butte is in Silver Bow County, to wliicli tbe reader is referred for the
debt o f tbe county. This city proposes to build water works and w ill
issue bonds for that purpose.
St r e e t B onds —
LOANS—
When Due.
6s, J&J, $15,000....... Apr. 1,1900
B u il d in g B o n d s 63, J&J, $20,000....... Oct. 1, 1910 Iuterest is payable in N ew York.
Bonded debt Jan. 1, ’93. *200,000
1MPROV M ENT BONDS—
35,000
6s, J&J, $10.000....... Apr. 1, 1909 Floating debt...............
Total debt.....................
235,000
P ub lic L ibrary ' B onds —
23,500
6s, J&J. *50,000......... Oct. 1, 1912 Siukijnr fun d................
Net debt Jan. 1. 1893..
211,500
Subject to call Oct. 1, 1902.
Tax valuation 1892___ 15;000,000
Sc h o o l B o n d s —
5*28,....... . $30,000...................... Assessment about % actual v lne.
Total tax (per *1,000)........ $22*50
S evvkh—
6s J&J, $55,000....... Apr. 1, 1909 City tax (-1,000) included.. 9*50
Population in 1890 was......10,723
6s, J&J, 50,000.......Oct. 1, 1910
Population in 1880 was...... 3,368
April,
IV ’NTATJ^— CITIES AW> TOWj'JS,
TO
1893
T H E SINKING FUND receives yearly a sum amounting to 5 per
Ǥenl of the total bonded debt.
DEBT LIMITED by 1 to 5 per cent of assessed valuation.
aw
JEFFERSO N
D I S T R I C T S O . 1 is one of the school districts into which
Silver Bow County is divided. District No. 1 not only includes the
entire city o f Butte but the larger portion o f the county outside of
of Butte. The funded debt o f the district is as given below.
LOANS—
W h e n D u e . . Total debt July 1, 1890
$75,000
5-. U " - 1
-1. 1910 i Cash in treasury.........
43.000
- je c i to call after Oct. 21,1900 . Tax valuation 1S90___14,000,000
[ Population in 1S90 (about).25,000
TAXES
the payment of principal and interest on these bonds are
•▼ted and collected by the County officials, and payment is made by
Treasurer.
B a r d e n , Treas.
County seat is Helena.
LO AN S—
When Due. Cash on hand................ $113,018
B u il d in g BOND'*—
Net debt Mar. 1, 1892..
91,642
6# JAJ. $190,000.Jan. 1, 1907
Tax valuation 1891 ....28,918,410
Bonded debt Mar. 1, ’ 92 $190,000 Tax rate (per $1,000)...
$10*00
Floating debt.....
14,660
Population 1890 w a s ...
19,145
Total debt..........
204,660
Population 1880 w a s ...
6,521
IN T E R E S T payable in N ew York and Helena.
below.
C A S C A D E C O . — J.
County seat is Great Falls.
e il l ,
L E W I S & C L A R K C O . — R. P.
he County Treasurer.
C o u n ty
C O . — D. M c N
County seat is Boulder Valley.
LOANS—
1
Then Due. Bond.debt (lastreturns) $132,000
Co urt H ouse B onds—
Floating debt...............
$22,549
6#, JAJ. $40,000....... July 1, 1908 Total debt 1891............ $154,549
J a il B onds—
Tax valuation 1891.... 4,917,282
7s,M&S, $7,000....... Sept. 1,1905 State and county tax
R efu nding W arrants —
(per $1,000),............
$18*50
6a. ......$60.000........1903 to 1907 Population 1890 was............ 6.026
6s, M&S, 25,000.......Sept. 1,1907 Population 1880 was............ 2,464
Interest payable in New York
Oily.
S C H O O L
See SiiptT Bow
131
F. M c C l e l l a n d . Treasurer.
LO AN S—
ITAeu D u e . Sinking fund................
$77,500
Bk id g k Bo x im —
Net debt April 1.1892.
262.500
7«. JAJ. f 110.000...... July 1, 1911 I T ax valuation, real___ 10.143.993
Tax valualiuu, personal 2,439,871
Co p s t B o c u Sm s—
7», JAJ, $20,000....... July 1, 1911 Total valuation 1891... 12,583,864
FtntDIlHS B d x d s —
Assessment is '-'r, actual value.
6s, JAJ, $60.000....... Jau. 1,1899 i State tax (per $1,000)...........$2-50
mart each year) 1!UH and 1909 ! County tax ($1,000)............. 7-50
tfo. JAJ. 6150.000...... Jan. 1. 1912 A Venice school tax............. 3 00
Total debt Apr. 1 , 1893 .6310,000 ! Population in 1890 w as....... 8,755
M A D I S O N C O U N T Y . — H. S. G i l b e r t , Treas.
County seat is Virginia City.
Total debt (last returns)
$87,229 I State & Co. tax (per $1,000).$18*50
Tax valuation 1890...... 3,032,456 I Population 1890 was............4,692
M EAG H ER
C O . — J. 0. T
ip t o n
,
Treasurer.
County seat is White Sulphur Springs.
Total debt....................... $163,000
LOANS—
W h en D ue.
C H O T E A U C O U N T Y —\
Y
ixar
Court H ouse and J a il —
Siuking fund-..................
6,800
7s, J«fcJ. $10,000........July 1, 1897 Net debt July 1, 1892... 156.200
County •**»# J« Fort Benton.
7s. JAJ.
5.000........July 1, 1898 Tax valuation, re a l....... 2,659.885
LO ANS—
W h e n D u e . |Total debt Ia*t returns)
________
$124,294
F unding B onds—
Tax valuation, personal.2,795,045
Oousrrr Bowt*»—
I Tax valuation 1890___ 4,950.217 7s. JAJ. $15,000... July 1,1895
Total valuation 1892 ...5,454,930
9100,000.Jnly 1,1911 : >tnte«feco. tax <p*r$l.000),. .$18*00 7s. JAJ, 13,000........ July 1, 1896 Assessm’t same as actual value.
Subjec* to call after July 1,1901 Population in 1890 was....... 4,741 7s. JAJ, 50.000........Jan. 1, 1902 State tax (p’r $1,000) ’91.
$2*50
Int. payable at Co.Tr. A N. Y. City. | Population in 1880 was...... 3,058
R ed em ption Bonds—
County tax (per $1,000)..
9*00
6s, JAJ. $63,000... Jan. 1 .1913
Average school ta x .........
4*00
Optional after Jan. 1, 1903
Population in 1890 was....... 4,749
Bonded debt July 1, ’ 92. $113,000 Population in 1880 was....... 2,743
C U S T E R
C O . — W. E. S a v a g e , Treas.
Floating debt................
50.000
County teat hi Mile# City.
O P T IO N A L .—The Aouds of this county are all redeemable three
>D u e . Total debt May 1. 1892. $274,100 years from date >f issue excepting the $50,000 funding bonds due
LO ANSrUSDDHiBOKDfr
T ax valuation 1891.... 5,950.162
7t. J<kJ, $274,100 ..July 1, 1905 Total tax (per $1,000)....... $18 00 1902.
IN T E R E S T on the $50,000 funding bonds due 1902 is payable at
Subject to call after July l, 189? Population 1890 was............5,308
the Fourth National Bank, N. Y.; on all other bonds at the First Na
IN T E R E S T te payable at Chatham National Bank, New York City.
tional Hank, San Francisco, at White Sulphur Springs, or by Kountze
Bros., New York City.
J M
.
, Treas.
D A W S O N
C O . — A. S. G i l l e s p i e , Treas.
County seat i# Glendiv
M I S S O U L A . — J . M. K e i t h , Mayor.
W h e n D u e . \ Funded debt Mar. 1,1893 $95,or>o
LOANSMissoula is the county seat of Missoula County.
F umding Bovr*e—
Ca#h on hand..................
20.000
Valuation, etc.
LOANS W hen D u e.
7#.
. J645.000...... I*
1, 1903 I Net debt Mar. 1, 1893___
7.5,000
Tax valuation 1890... .$4,000,000
B ridg e & Sew er B onds—
1,1893 Tax valuation 1892........3.400,000 6 s ..........$93,000............. 20 years City tax rate (per$1,000)
Subject t< i'all after I*
«
7*00
1, 1904 AA*eMMmet!t I# actual value.
7#. Apr., #25.000. _ A]
_
Tax limitation (p.$l,000)
7*50
C
Subject to ( ail after A]
1, 1894 I Tax rate (per $1,000).......... $15*50 7s. it y H a l l —
3,426
semi-an., $6,000........... .1897
l, 1905 |Population in 1890 wa#....... 2.056 Funded debt Jan. 1 ,’02.. $99,000 Population 1890 was___
7i. Nor., #25,000. . . . S i
Subject to call after S i
1.1895 j Population lu 1880 wa#....... 180
#
INTE RE S* r on $45,,000 funding oond* due 1903 1 payable in
M I S S O U L A C O . — J. D. B a i l e y , Treasurer.
•tendin' amitNew York:; on all other bond# in New York City.
Owunty seat is Missoula.
T*tal debt (last re turns)..$223,839 I State & Co. tax (per $1,00* >.$22*50
Tax valuation 1890....... 8,113,188 |Population j l 890 was.......... 14,427
D E E R
L O D C J E C O . -R. T. K ennon, Treas.
County #ea11# Deer I» dice City.
Total debt [la i«t return* > $139,676 State <k eo. tax (j»er$1,000).$18*50
HO
9,900,191 Population 1890 wa#.........15,155
Tut valuatio n 1 O
G A L L A T IN
County ten
T o U l debt fla
T ex v»lu»Uo □ 1890
G R E A T
$57,591 j State
tax (per $1,000) $17’5(i
___6,246
t,A|3,119 [ Population In 1«90 i
FALLS.
R. R. H O TCH KIN8, Mayor.
J. B LE SLIE , Clerk,
Great Falls U situ >ted In CM fade County.
W hen D u e. I
PiRk o n Sewer P urposes—
.LOANS—
ftTYPiJM) B o v r e 6#, JAJ, #30,000.
P A R K
County seat is Livingston.
Total debt (last returns). $80,000
Tax valuation 1890........ 4,492,436
P uvuivg Bond #—
7-a, PA A, $10,000.......Aug. 2, 1910 Real valuation............... 8,000,000
6,881
Subject to call after Aug. 2, 1905 Population 1890 was—
S IL V E R
i 6#, JAJ, $70.000.................. 1912
July 1.1911 i
Subject to "a ll 1902
INTEREST
...... 1912 Tax valuation 1892 .......7.000,000
j t a*e»Mncnt la
i t ual value.
I Population in 1890 wa#.......3.979
iblc at the City Treasurer’ * office and in New York.
I* pay
H E L E N A . —J
am es
H. W
alker
, T re a s u re r.
Helena l# the ec unty * c » l of Lewi* and Clark County. A ll bond#
•Ailed by tbl# city •ire itih ifct to call ten year# bcf**re date of maturity.
W h e n D u e . I Int. payable in New York & Helena.
LO AN S1Bonu.debt (la*t return#) $399,500
<iki Ff
7a, JAJ. Om.ooo . . ................. 1903 I Float lug debt ..............
96,000
l$04 I Total debt 1891
....
495,500
7el J4kJ. 11,500
ID—
Tax valuation 1890 ... 19.500.000
BIDtiPT'Oll Pi S
$•, J A J . $ioo.mio .. .June 1,1911 I Tax value alirmt % real value.
l Tax rate p e r$1,000 1890...$14*00
9EWBR4GK prjilt-6#. JAJ. $150,000 ................. 1908 Tax rote per $1,000 1891. .. 18*00
V .J A J ,
130.000 ...............1 9 0 9 | Population 1890 whs........... 13,834
IN T E R E S T pay*kble at Konnt/c Bro#., New York.
#
into
H M L M S A B C H O O /, D IS T R IC T SO. 1 1 one o f the diatricts
which Lewis Ac i
Hark County I* divided. The facta with regard to
IM debt, etc., ar
$250,000
W h e n D u e . I Total debt 1891............
LO AN SI Tax valuation 1890 ...19,000,000
•6VOOL B o V f* -a, JAJ, $100,000 ...... July, 1910 Valm* of si hool property 409,000
15,000
Su?d#r*t to m aliter July, 1900 Population 1890 (about)
ail
3,600
-a. JAJ, $150.0*10 . July 10.1911 Population 1880...........
Subj««t k>oatl afte r July 10. 1901
$1,000
Per value of bond*........
$•# £ a r ii «# Clnri
When Due.
B O W
C O . — H. C. K
County seat is Butte City.
LOANS—
When Due.
F unding B onds—
5». JAJ. $125,000......July 1 ,1»1T
Subject tu call after July 1, 1907
interest payable at County Treas’ y.
Bonded debt Feb. 1.1893..$125,000
YE LLO W S TO N E
Subject to call afte July 1, 1901 I Total debt July 1. 1892 .. $150,000
6#, J&J, $30,000
...
9 object to
C O U N T Y .—
LOANS-
County seat is Billings.
LOANS—
When. Due.
essler,
Treas.
Sinking fund................
$47,719
Net debt Feb. 1,1893...
77,281
Tax valuation 1891....-20,260,599
Assessment is % actual value.
State & Co. tax {per $1,000).$10-50
Population in 1890 was......23,744
C O . — L. W
h it n e y
,
Treas.
Bonded debt Jan. 23,1893.150,500
County has no floating debt.
B k f u n d in g B o n d s —
7s. JAJ, $91.500....... July X, 1907 Tax valuation, real...... $1,472,991
subject to call after July 1, 1897 Tax valuation, personal 2,351,189
Total valuation 1892... 3,824,180
F in d in g B onds—
State & Co. tax (per$1,000),$18-00
6s.
,$59,000....... Oct, 1,1911
subject to eall after Oct. 1. 1901 Population in 1890 was ....... 2,065
The county’s debt is limited to 4 per cent of the assessed valuation.
INTEREST is payable in New York at the Nat. Bank of the
Republic.
I
WYOMING—
132
State of Wyoming.
ITS
DEBT, RESOURCES,
E tc.
Organized as a Territory (A ct of July 25 1868) - July 35, 186$
Admitted as a State (A ct of July 10 1890)
July 10, 1810
Total area of State (square miles)
97,890
State Capital
Cheyenne
Governor (term expires 1st Mon. Jan. 1895) Johu E. Osborne
Secretary of State (term ends 1st Mon. Jan. 1895) A .W . Barber
Treasurer (term expires 1st Monday Jan. 1895)
Otto Gramm
Legislature meets biennially in odd years on the 2d Tuesday
in January, and sessions are limited to 40 days.
D E B T H IS T O R Y .—As a State Wyoming lias as yet no debt history.
As a Territory the record is brief but creditable. In 1886 the Legisla
ture authorized an issue of bonds, aggregating $230,000 for public
buildings. The money was used in procuring sites and in erecting the
buildings thereon. The bonds sold at a small premium. An additional
issue o f $90,000 was authorized by the Legislature of 1888 for the
6ame purpose and sold at a premium o f 12 cents on the dollar. The
publio buildings and institutions which the State now owns are the
Capitol building and the Institute for the Blind D eaf and Dumb, both
at Cheyenne; the University at Laramie, the Penitentiary at Rawlins,
the Insane Asylum at Evanston and the Poor Farm at Lander. A ll the
necessary data respecting the State’ s debt w ill be found in the following
statement.
-P r in c ip a l.-Tnterest.LO ANSWhen Due. Outstand'g.
NAME AND PURPOSE.
P- C. Payable.
Capitol Building Bonds_
_
6
Insane Asylmn Bonds.......
6
Public Building Bonds___
6
University Building Bonds
6
Jan. 1 ^
Jau. 1,1912-1921 >
Jan. 1 | $3,000 yearly. <
,
July 1 |July 1,1918-1927 ),
$9,000 yearly, v
>
Jan. 1 | Jau. 1,1901-1910 S
$5,000 yearly.
$150,000
30.000
90.000
50.000
IN T E R E S T - W H E R E P A Y A B L E . Interest is payable in N ew
Y ork.
T O T A L D E B T , ETC.—The total funded debton Jan 1,1893, was$820
000.
ASSESSED V A L U A T IO N .—The follow in g statement shows the
total assessed valuation of property in W yoming for the years indi
eated.
Years.
Valuation.
Years.
Val nation
1192.......
$32,257,500 1887.......
,$32,089,613
32,536,400 1885........
1891.......
30,717,249
1890.......
30,665,498 1880........
11,857,344
1889........
31,431,495 1875.......
9,493,638
1888.......
33,338,541 1870.......
6,924,357
T A X R ATE -—The state ta x rate (per $1,000) in 1892 was $5*20.
DEBT LIM IT A T IO N .—In W yoming the provisions of the Constitu
tion with respect to debt contraction and limitation are quite volumin
ous. They are all found in Article 16 of that instrument, and indicate
that the State is determined to preserve with care the conservative
reputation which it enjoyed as a Territory.
F IR ST , the State is prohibited from creating any indebtedness (see
section 1, article 16; exceeding one per centum of the assessed valua.
tion. N ext (sec section 2, article 16;, no debt of any amount or kind
can be created unless the proposition to create such debt shall have
been submitted to a vote o f the people, and by them approved; except to
suppress insurrection,etc. N ext (seesection 6, article 16;.the State cannot
loan or give its credit or make donations to or in aid of individuals, associ
ations or corporations (except for necessary support of the poor), or be the
owner o f capital stock in any association, etc. It cannot engage in any
work of internal improvement unless authorized by a two-thirds vote of
the people. Finally (see section 8, article 16;, no bond or evidence of
State indebtedness is valid unless the same shall have endorsed
thereon a certilicate signed by the Auditor and Secretary of the State
that the bond or evidence of debt is issued pursuant to law and is within
the debt limit.
SECON'D, counties, cities and a ll other m unicipalities are in like
manner carefully restricted. ( 1 ) The first provision o f the series (see
section's, article 16; limits counties only, forbidding the creation of
debt in any manner in excess o f 2 per cent on assessed valuation; p ro
vided that any County, City, Town or Village or other sub-division
thereof may bond its public debt existing at the time of the adoption o L
this Constitution in any sum not exceeding 4 per cent on assessed valu
ation. ( 2 ) The n ext provision (section 4, article 16; forbids any deb^
to be created by any County, City, Town or Village or any sub-divisions
o f either in excess o f the taxes for the current year, unless the proposi
tion is first submitted to a vote of the people and approved. (3 ) N e x t
it is provided (see section 5, article 16; that no City, Town or Village or
any sub-division of any County shall create indebtedness exceeding 2 per
cent o f assessed valuation, except that for the purpose o f building sewer
age additional indebtedness not exceeding 4 per cent on assessed valua
tion is permitted. Debts contracted f o r supplying water to Cities or
Towns are not included in the lim itations o f this section. ( I ) N ext (see
section 6, article 16; we have the restriction that no County, City,
Town, &c., shall loan or give its credit or make donations to or iu
aid o f any individual, association or corporation (except for necessary
support o f the poor), or subscribe to or become the owner of the capital
stock o f any association or corporation. Finally (see section 8, article
16), no bond or evidence of debt of any County,Township or otherpoliti.
cal division shall be valid unless the same have endorsed thereon acer
Of S W £ ,
Vol. LVI
tiftoate by the county auditor or other officer authorized by law to sign
such certificate, stating that said bond is issued pursuant to law and is
within the debt lim it.
We now subjoin all o f these articles of the Constitution o f Wyoming
in full which we have referred to above.
A R T IC L E X V I, S ection 1. The State of Wyoming shall not.in auy
manner, create any indebtedness exceeding one. per centum on the as
sessed value of the taxable property in the State, as shown by the last
genearl assessment for taxation preceding; except to suppress insur
rection or to provide for the publio defense.
S ection 2. No debt, in excess of the taxes for the current year shall
iu any manner be created in the State of Wyoming unless the proposi
tion to create such debt shall have been submitted to a vote of the peo
ple and by them approved; except to suppress insurrection or to pro
vide for the ijublic defense.
Sectio n 3. No County in the State of Wyoming shall iu auy manner
create any indebtedness exceeding two per centum on the assessed value
of taxable property in such county, as shown by the last general assess
ment preceding; provided, however, that any county, city, town, vil
lage or other sub-division thereof iu the State of Wyoming may bond
its public debt existing at the time of the adoption o f this Constitution
in any sum not exceeding fo u r per centum on the assessed value of the
taxable property in such comity, city, town, village or other sub-division,
as shown by the last general assessment for taxation.
Section 4. No debt in excess of the taxes for the current year shall in
any manner be created by any county or sub-division thereof, or any
city, town or village, or any sub-division thereof in the State of Wyom
ing, unless the proposition to create such debt shall have been submitted
to a vote of the people thereof and by them approved.
Se c t io n s . N o city, town or village, or any sub-division thereof, or any
sub-division of any county of the State of Wyoming, shall in any man
ner create any indebtedness exceeding two per centum on the assessed
value of the taxable property therein; provided, however, that any
•ity, town or village may be authorized to create an additional indebt
edness not exceeding four per centum on the assessed value o f the tax
able property therein, as shown by the last preceding general assess
ment, for purpose of building sewerage therein; debts contracted for
supplying water to such city or town are excepted from the operation
o f this section.
Sectio n 6. Neither the State nor any county, city, township, towu,.
*chool district, or any other political sub-division, shall loan or give its
credit or make donations to or in aid o f any individual, association or
•orporation, except for necessary support of the poor, nor subscribe to
or become the owner of tbe capital stock o f any association or corpora
tion. Tho State shall not engage in any work of internal improvement
tmless authorized by a two-thirds vote of the people.
Sec tio n 8. No boud or evidence of indebtedness of the State shall
be valid unless the same shall have indorsed thereon a certificate signed
by tbe Auditor and Secretary of State that the bond or evidence of debt
is issued pursuant to law and is witliin the debt limit. No bond or evi
dence of debt o f any county, or bond of any township or other political
sub-division, shall be valid unless the same have indorsed thereon a
certificate signed by tlie county auditor, or other officer authorized by
law to sign such certificate, stating that said bond or evidence of debt
is issued pursuant to law and is within the debt limit.
P O P U L A T IO N O F S T A T E .—Wyoming is the newest o f the States
of the Union, having been admitted July 10, 1890. Its population
therefore is not yet very large. The Federal Census of 1890 reported theaggregate at 60,705. The State, however, has great opportunities of
development, and is grow ing very rapidly. Iu area or extent o f territory it is tho eighth State of the Union. It possesses wonderful re
sources, being especially rich in minerals. I t is claimed that the coal
area of W yoming is tw ice that of Pennsylvania. Oil is also found in
•onsiderable quantities. The State is likewise w ell suited for grazing,,
atocktf aising having been carried on with profit for many years. The
Yellowstone National Park is one o f the State’s attractions. The
^ollowing shows the population as far back as the records go—that is,,
at the last three Census periods.
1890................ 60,705 |1880................. 20,789 |1870....................9,118
In 1870-80 increase was 11,671, or 128*00 per cent, and in 1880-90
39,916, or 192*01 per cent.
B A N K S - S T A T E , N A T IO N A L A N D S A V IN G S IN S T IT U T IO N S .
—Wyoming has 13 national banks now against only 5 at the end of 1885.
These 13 banks have $1,210,000 capital, and on Dec. 9, 1892, held
about 3 millions o f deposits. The State banks are few and unimportant.
. ,----------- 1892.----------- . .
----------- 1885.----------- National.
State.
National.
State^
W yo m in g .
(Z)ee. 9,’92.) (June30,’92.) (Dec. 24.)
Number of banks......
13
3
5
---C apital.......................$1,210,000
32,000
$800,000 .................
Surplus and p rofits...
321,156
4,331
339,196
!
Deposits, individual.. 3,096,922
78,459
1,799,455
i
The United States Comptroller of the Currency also reported June
30,1892, 6 private banks with $240,900 capital, $32,764 surplus and
profits, an'i #632,900 deposits.
C it ie s , C o u n t ie s
IN
and
T
owns
THE
STATE OF WYOMING.
A L B A N Y
C O . — J a m e s M c G i b b o n , Treasurer.
County seat is Laramie City.
LOANS—
When Due.
F unding B onds—
6s, J&J, $142,000.. Nov. 16, 1901
(part yearly) to Nov. 16. 1910
Interest payable in N ew York.
Bonded debt Jan. 1.1893.$142,000
School debt...................
25,000
Tax valuation, real...... 2,249,230
T A X FR E E .—A ll bonds issued
taxation.
C AR B O N
T ax valuation,personal.$2,106,100'
Total valuation 1892... 4,355,330
Assessment about
actual value.
- tate tax (per $1,000)...........$5*20
Comity tax (per $1,000)___ 12*625
Average school ta x ............... 7*00
Population in 1890 was....... 8,865
Population in 1880 w as....... 4,626
by this county are exempt from
C O U N T Y .—
County seat is Rawlins.
Total debt (last returns). $126,917
T ax valuation 1S90......3,795,684
F u n d in g B o n d s 66, F. A A., $56,000.. Aug. 1, 1900 Population in 1890 was.......6,857
i $14,000 yearly) to Aug. 1, 1903 Population in 1880 was....... 3,438
6s. F. & A., $5,000...Aug. 1, 1904
1 \T E R E S T payable at tbe National Park Bank, New York.
1
L O A N S .-
When Due.
April,
1893.
CHEYENNE.
l& jM t O — f i t S T
v EDW ARD F. S TA IILK . Mayor.
* A. J. P A R 8 H A L L , Treasurer.
Onyeiue i» situated in I.aratuie County.
LOANS
H ioi b u r . i Total delit Jan. 1,1893...$252,500
V
Ki ILM jIM; lioMIS l<0-—
EM valuation 1892........3,400,000
•*'. Jan. 1 r 127,500.. Mar. 1 1S»8 I Assessment is a5 actual value.
,
,
(4M
v*75 due y’rlyi to Mar. 1 1022 1
.
state tax (per $1,000)___
$5-20
Vi
ib c c t
B o n n e 1801—
County tax (per $1,000)...
9 H0
City tax (per $1,000).............10-50
5*20
wu a B x t k x u o s Bonus ism—| property (value)...... $750,000
City
Jan.. $0.5,000.........Vug.I, 1902 Population in 1890 was......11,090
or
1233
STATE.
State of Idaho.
ITS
DEBT, RESOURCES,
E
tc.
6*. Jjm. 1. 800,000__ tug. 1 , 1002
(82.000 due y'rly) to Aug. 1 1021 Average sclloo] ta x .............
.
i$2,2AO due yearly) to Aug.l. 1921 |
INTEREST on the refunding bonds is payable in S ew Y o r k ; on the
water extension bonds in New York and H artford; on the viaduct
bonds tn Hartford, Conn.
O P T IO N A L .—Bonds o f 1891 ure anbject to call after 1901; those of
1892 after 1998.
C O N V E R S E C O U N T Y — N .E . B u r n s , Treas.
LOANS
ITA™ due.
Ft S01X0 BOXDS—
6s. J.V.I, $60,000 ......... 19(10-1910
Interest is payable in New York.
Bonded debt Jan. 1,1893. $80,000
Floating debt..................... 30.000
Total debt Jau. 1, 1893___ 90.000
Tax valuation, real........... 312,250
Tax valuation,personal$1,449,763
Total valuation 1892... 1,762,013
Assessment is 50 p. c. actual value.
State tax (per $1,000)........... $5-20
County tax (per $1,000)......14 00
Bond tax (per $1,000).......... 3 00
Average school ta x ............... 100
Population in 1890 was....... 2,738
CROOK CO UNTY—T
County seat U Sundance.
hos.
H.
M oore,
Treas.
LOANS—
W hen D u e .
Funded debt (last rcturusi $79,000
C a e n Hui se a m i J a i l Bonds — Floating debt.................
12,043
6s, JAJ, $24,000....... July 1, ’.8S2 Total debt......................
91,043
»$l,0oo due yearly) to July 1,1915 Tax valuation............... 1,472,200
Fl-xutxo B o n d s —
Assessment about h actual value.
6s. JAJ. $55,000....... May 1.1901 T ax rate <per$l,000).......... $28-25
<$5,5oo due yearly) to May 1, 1911 Population in 1890 w as....... 2,338
INTEREST is payable in New York.
AH o f the above issues are tree from taxation.
)J . <’. WINSLOW, Mavor.
“ <TH O ». B L Y T H , Treasurer.
Evauiton in situated in Uinta County.
ITA^n D u e . Tax valuation, real....... $429,337
H
Iv im w —
Tax valuation, personal.. 241,372
6*» MAM, $20,000....................1900 Total valuation 1892...... 670,709
($2,000 yearly) to 1910 A ,- A m r u t is 3-5 actual value.
Boaifea debt Jan. 1, 1893 $20,<H > Total tax (per $1,000) ....... $33*25
H
Floating debt...............
1,500 City tax tper $1,000) includ.. 5*00
Total debt Jan. I, 1893
21,500 Population in 1890 wa* .......1,995
INTEREST l* payable in Chicago or Evanston.
EVANSTON.
TA X FREE.—
All bond* l**u«xl by this town are exempt from taxa
lion.
J O H N S O N C O . — W. P. W i l l i a m s , Treas.
County seat Is Buffalo.
LOANS
When Due. 1Net debt Jan. 1, 1893___ $82,231
r i >M to it« »sn4—
j Tax valuation, real.......... 056,231
*/ JAJ, $74,000.......
-».
1901 I Tux valuation, personal 995,942
(#7,400 yearly) to 1910 ! Total valuation 1892...... 1.052,173
Court IIottAe bond* ..
. .$6,000 |AHsesMineiit is *2 actual value.
Boud< d debt Jan. 1,1893...80.180 Htatc tax (per $1,000)...........$5*20
flo a tin g debt ................... 9,747 I County tax (per $1,000)........ 800
Total debt .....................
90,227 I Average school tax ............. 2*00
“ inking fund...............
. 7,996 ! Population iu 1890 was ......2,357
INTEREST I* payable in New York.
Orgauized as a Territory (Act March 3, 1868) - March 3, 1863
Admitted as a State (Act July 3 ,1890) - J u ly 3, 1890
Total Area of State (square miles) .
.
.
.
84,800
State Capital
Boise City
Governor (term ends 1st Monday Jan. ’95) Wm. J. McConnell
Secretary oE State (term ends 1st Mon. Jan. ’95) Jas. F. Curtis
Treasurer (term expires 1st Mon. Jan. ’95)
- W. C. Hill
Legislature meets biennially in odd years on the Monday
after the 1st of January, and there is no limit to length of
sessions.
D E BT H IS T O R Y .—Idaho as a Territory always kept its debt within
moderate limits. When it became a State the bonded debt of the
Territory was $146,715 06. Of that amount $46,715 06 was issued to
pay floating debt, $80,000 to pay for Capitol building and $20,000 fo r
an asylum. A ll that Idaho has added since it became a State is
$20,000 for a wagon road. The condition of the State’ s debt now is set
out with all the details below.
- --- Interest.
LO AN S-P r i n c i p a l . P. Ct. Payable
N AM E AN D PURPOSEWhen Due.
OxotstandVg.
..6
Capitol Building......
J & J
1905
$86,000
Subject to call after 1895
F m id in g...................1892
.......................................
102,000
do ~ ................... 1892
6,000
Insane Asylum..................
J ite J Dec. 1, 1893
15,000
$5,000 yearly to Dec. 1, 1895.
Wagon Road,
J & J
'Ju ly 1, 1910
11,000
do
. 1892
37,000
do
1893
......
1913
135,000
Subject to call after 1903
IN T E R E S T —W H E R E P A Y A B L E .—Interest on the Capitol and
Asylum bonds is
able in New York ; on other bonds at the office of
the State Treasurer
T O T A L DEBT, E T C .—The total bonded debt on Jan. 1, 1893, was
$251,000; floating debt, $137,225. In 1880 the total debt, less sinking
fund, was $88,381.
ASSESSED VALU ATIO N .—In 1892 the total assessed valuation
was $31,181,945, property being assessed at about *3 of its estimated
true value. In 1889 the assessed valuation before equalization was
as follows : Real estate, $14,409,591; personal property, $9,471,846 ;.
total, $23,881,437. After equalization : Real estate, $13,280,504 ; per
sonal property, $10,386,675 ; total, $23,667,179. In 1880 the assessed
valuation of real estate was $2,297,526; personal property, $4,143,350; total, $6,440,876. The tax rate per $1,000 in 1892 was $7*55 ;
in 1890 it was $8*50. The amount raised by taxation during the year
ending Nor. 1, 1892, was $235,421.
_
DEBT LIM ITATIO N .—Idaho has placed limits in its Constitution
upon the debt-making power both of the State and its municipalities..
Though the provisions have a conservative tendency, they are not quite
as strict as the Constitutional limitations of most of the other new
States.
FIRST, State debts (see section 1, article 8) are not to be created which
L A R A M I E . —T. J. N ash. Treasurer.
in the aggregate (exclusive of the debt of the Territory) exceed the sum
U r a m h City U situate*! In Albany County.
of l?g per cent upon assessed valuation (except in case of war, &o.), u n
W h en Due.
Floating debt................ $27,000
LOANS
8RWKR ibiTriHV—
Tax valuation 1890_____1,986.784 less the same shall be authorized by law for some single work therein
•>*. JA J. $ 1 0 ,0 0 0
J u l y 1, 1 9 1 7
Tax rate ( per $ 1 >00)___
.<
$3(>12 specified, which law shall provide the ways and means exclusive of
Subject to call after July 1, 1897. Population in 1890 w a *........6,388 loans for the payment of the annual interest and of the principal within
Funded debt Mar. 1, 1892 $10,000 Population in 1880 wax
2,696years; no such law shall take effect until it is submitted to the people
20
and it receives a majority of the votes cast. Iu section 2 it is also pro
L A R A M I E C O U N T Y . —John Roberts, Treas. vided that the State shall not give or loan its credit nor become a stock
County neat in Cheyenne City.
holder iu any association or corporation. These two sections we give
Total debt lb* . 1 1*92 . $(00,000 I Assessment is actual value.
,
Tax valuatb
tar (per $1,000
$20*00 below.
•S
ection 1. The Legislature shall not in any maimer create any debt
Tax vaiiiation, |M onal l.*i9,34* Population in 1890 was___ 16,777
-rM
or debts, liability or liabilities, which shall singly or in the aggregate,
Total valuation 1892 . 7,497,715 |
exclusive of the debt of the Territory at the date of its admission as a
exceed the sum of one
one-lialf
the
S W E E T W A T E R C O . —«'otinty seat is Green River. state, of the taxable propertyandthe State, per centum upon war,assessed
value
iu
except iu case o f
to repel
PvstHfH}
Population in 1890 was...... 4.941 an invasion, or suppress insurrection, unless the same shall be authorized
1 v law for some single object or work to be distinctly specified therein,,
1
.........$50,000
... 1902 to 191 I Population in 1880 was....... 2,561
which law shall provide ways and means, exclusive of loans, for the
payment of the interest of such debt or liability as it falls due; and also
U I N T A C O U N T Y .— County seat is Evanston.
tor the payment and discharge of the principal of such debt or liability
within twenty years of the time of the contracting thereof, and shall be
Bonded debt (last return*, $110.000 Population in 1890 was...... 7,881
Tax valuation 1989
3,019,166 Population In 1880 was ...... 2,879 Irrepealable until the principal and interest thereon shall be paid and
discharged; but uo such law shall take effect until at a general election
it shall have been submitted to the people, and shall have received a
majority o f all the votes cast for and against it at such election; and all
moneys raised by the authority of such law, shall be applied onlv to the
specified object therein stated, or to the payment of the debt thereby
created, and such law shall be published in at least one newspaper in
each county, or city and county, if one be published therein, throughout
the State, for three mouths next preceding the election at which it is
submitted to the people. The Legislature may, at any time after the
approval of such law, by the people, if no debt shall have been con
tracted iu pursuance thereof, repeal the same.
S e c t i o n 2. The credit of the State shall not in any manner be given
or loaned to, or in aid of, any individual, association, municipality or
corporation; nor shall the State directly or indirectly, become a stock
holder in any association or corporation,
SECOND, no County, City, Town or other subdivision (see section 3»
article 8) shall incur indebtedness “ exceeding in that year the income
and revenue provided fo r it for such y e a r” without the assent of twothirds of the qualified electors voting at an election, nor unless at or
before incurring the indebtedness provision be made for the collection
of an annual tax sufficient to pay the interest and to constitute a sink
ing fund for the payment of the principal within twenty years. “ Protided that this section shall not be construed to apply to the ordinary
and necessary expenses authorized by the general laws o f the State.'*
This last clause is peculiar and quite difficult of clear explanation. The
134
suff’i&MS'NT.
s t a t s awd cjty
v ord s above in italics “ income and revenue provided for i t ” are also a
little obscure. Tlio final section (seetion4) o f article 8 forbids any county,
«ity, town &c. from loaning F*s credit in aid of any corporation &c.
These two sections in full are as follow s:
S e c t i o n 3. No county, city, town, township, board of education, or
ehool district, or other sub-division of the State, shall incur any indebt
edness, or liability in any manner, or for any purpose, exceeding in that
year the income and revenue provided for it for such year, without the
assent of two-thirds o f the qualified electors thereof, voting at an elec
tion to be held for that purpose, nor unless, before or at the time of
incurring such indebtedness, provision shall be made for the collection
o f an annual tax sufficient to pay the interest o f such indebtedness as it
falls due, and also to constitute a sinking fund for the payment o f the
principal thereof witliin twenty years from the time of contracting the
same. Any indebtedness or liability incurred contrary to this provision
shall be void: Provided. That this section shall not be construed to
apply to the ordinary and necessary expenses authorized by the general
laws o f the State.
■
_
8 e c t i o n 4. No county, city, town, township, board of education, or
school district, or other sub-division, shall lend, or pledge the credit or
faith thereof directly or indirectly, in auy manner, to, or in aid of, any
Individual, association or corporation, for any amount or for any pur
pose whatever, or become responsible for anjr debt, contract or liability
o f any individual, association or corporation in or out of this State.
LOANS—
F
u n d in g
B
o n d s
Vol. LVI.
N et debt Dec. 15,1892....$68,901
T ax valuation 1892.......... 650,000
Assessment is nearly actual value.
State tax (per $1,000)...........$9*25
County tax (per $1,000)........28*25
A verage school tax............... 5*00
Population in 1890 w as....... 2,176
Wlien Due.
—
7 b, J4*J, $25,000.......Jan. 1, 1900
($2,500 due \early) to Jan. 1,1909
Bonded debt Dec. 15,1892.$25,000
Floating debt..................... 63,901
Total debt.......................... 88,901
Sinking fund..................... 20,000
P O PU LA TIO N OF S T A T E .—Idaho has had only a brief existence
as a State, having been admitted into the Union by A c t of Congress
July 3 , 1890—just a week earlier than Wyoming. Population o f course
is small, but, as in most o f the neighboring States, is steadily being
added to. The State abounds in minerals, and the yearly product o f the
preoious metals is large. The State covers, moreover, a very extensive
area. Doubtless most persons w ill be surprised to hear that it is nearly
twioe the size o f the State o f Pennsylvania, Idaho containing 84,800
square miles of territory, w hile the area of Pem isylvania is only 45,215
square miles. According to the Census o f 1890 population was 84,385,
which compares with 32,610 in 1880 and 14,999 in 1870.
1890.................84,385 |1880................. 32,610 |1870................. 14,999
In 1870-80 increase was 17,611, or 117*41 per cent, and in 1880-90
51,775, or 158*77 per cent.
K O O T E N A I C O .—
F
rank
0.
H
il l
,
Treasurer.
County seat is Rath drum.
Sinking fund.................
$4,620
N et debt (last returns)..
61,211
602,540
T ax valuation, real......
T ax valuation, personal 1,286,643
Total valuation 1891... 1,889,192
R o ad B ondsactual value.
88, J&J, $6,000....... June 1, 1899 Assessment about
$8*50
($600 duo yearly) to June 1,1908 State tax (per $1,000)..
11*50
Bonded debt (lastreturns).$18,000 County tax (per $1,000)
4*00
Floating debt..................... 47,831 Average school ta x ......
Total debt......................... 65,831 Population in 1890 was........4,108
INTE R EST is payable at the office o f the County Treasurer and at
the Chemical National Bank, N ew York*City.
LOANS—
F
u n d in g
L
o a n s
W h en D u e .
-
7 b, J&J, $12,000....... Jan. 1,1896
($1,000 due yearly) to Jan. 1,1907
LiE M H I C O U N T Y . —
County seat is Salmon City.
Bond, debt (last returns)8s $28,000 T ax valuation, 1890....... $669,995
Floating debt, 7 per cen t.. 25,641 Population in 1890 was.......1,915
Value of coimty property. 23,849 Pnpulation in 1880 was.......2,230
A A n c r T M lJ
$W. B. K Y L E , Mayor.
W . — ) j . w . L IE N A L L E N , Clerk.
Moscow is the coimty seat o f Latah Coimty. An election was to be
held on A p ril 24, 1893, to vote on the issuing of $25,000 o f sewer
bonds, $25,000 of street paving bonds and $20,000 of refunding bonds.
$32,000
LOANS—
When Due. Total debt (last returns)
School, 7s, $16,000............. .-.1908 T ax valuation 1891---- 1,149,216
45*50
Subject to call after 1898 T ax rate (per $1,000)..'
.2,861
Water, 7s, $16,000................ 1910 Population in 1890 was
INTEREST on the school bonds is payable at the Chemical National
B A N K S -S T A T E , N A T IO N A L AND SAVINGS INSTITU TIO N S. Bank, N ew Y o rk ; on the water bonds at the Importers’ & Traders’
—There are 11 national banks in Idaho at present, having $700,000 National Bank, N ew York.
capital and $2,050,635 deposits. A t the close o f 1885 there were 5
hanks with $300,000 capital and $377,347 deposits. There are a few N E Z P E R C E S C O .—D. S. D e n t , Trersurer.
private banking establishments in the State, but as there is no law regu
County seat is Lewiston. This county was divided in 1889, the
lating banks on the statute books, except the general incorporation law , county o f Latali being sot off, leaving only the unsettled portion o f the
no returns in relation to such banks are made to any of the State country in the coimty o f Nez Perces.
officials.
Bond.debt J a n .l, 1893,8s $32,300 Assessment is M of actual value.
-1892.----------- .
,
---------- 1885.
Floating debt, 7 per cent
70,000 State ta x (per $1,000)........... $8*00
State.
State.
National.
National.
Total debt....................... 102,300 County tax (per $1,000)........ 13*00
(Dec. 24.J
(Dec. 9 ’ 92J
I daho.
Sinking fund..................
23,000 Average school ta x ............... 6*00
11
5
No. o f banks..........
Net debt Jan. 1, 1893....
79,300 Population in 1890 w as........ 2,847
$300,000
Capital................... .. $700,000
T ax valuation 1892........ 1,800,000 Population in 1880 w as........ 3,965
91,764
380,694
Surplus and profits. ..
377,347
Deposits, individual. .. 2,050,635
There are no savings banks in the State and no law bearing on their O N E I D A C O U N T Y . — County seat is Malad City.
Bonded debt (last ret’ns)..8 per ct. I T ax valuation 1890....$1,086,990
incorporation.
Amount, $30,000, due 1904 Population in 1890 was....... 6,819
Floating debt, 7 to 10 p. c. $45,242 |Population in 1880 w as....... 6,964
C it ie s , C o u n t ie s
IN
and
T
S H O S H O N E C O .—F. F.
ow ns
J ohnson,
Treasurer
County seat is Murray.
LOANS —
When Due. T ax valuat'n 1891 (abt.)$2,318,784
T a x rate (per $1,000)..
35'50
F und ed D ebt —
7 s ,....... ,$280,000.............. 1902 Population in 1890 was........ 5,382
<$2S,000 yearly) to 1911 Population in 1880 was........ 469
THE
STATE OF IDAHO.
A D A C O U N TY.—
County seat is Boise City.
When Due. County has no floating debt.
T ax valuation in 1890 .$3,744,642
7s & 8 s ,...... $83,000.1891 to 1899 Population in 1890 w as........8,368
Bonded debt (last returns).$83,000 Population in 1880 was........4,674
LOANS—
Co
B
u n t y
o n d s
—
A L T U R A S C O U N T Y . - W . H.
W
att,
Treas’r.
County seat is Hailey.
Total debt, etc —
Bonded debt (lastjreturns) $331,000
45,891
$40,000..---------------- Floating debt..................
Total debt........................ 376,891
B ondsT ax valuation in ’ 91 abt.. 666,000
$227,000--- . . . . . . . 139
3
.22,700 yearly) to 1906 Property is assessed at L actual val.
$45,000.............. 1898 State & Co. tax(per $1000) $26*00
School tax (per $1,000)... $40*00
($4,500 yearly) to 1907
2,6*29
$19,000.............. 1S97 Population in 1890 w a s..
1,693
($1,900 yearly) to 1906 Population in 1880 w a s..
LOANS—
State of Colorado.
ITS
DEBT, RESOURCES,
E tc.
W h en D u e .
Feb. 28, 1861
Organized as a Territory (A ct Feb. 28,1861)
- Aug. 1, 1876
Admitted as a State (A ct March 3, 1875)
78, J&J,
103,925
Total area of State (square miles) - Denver
7s, J&J,
State Capital
Davis H. W aite
Governor (term expires Jan. 1895)
6^a, J&J,
Secretary of State (term expires Tan. 1895) - Nelson O. MeClees
INTEREST on 6s paid in Hailey; on all other bonds in N ew York.
Treasurer (term expires Jan. 1895)
Albert Nance
The above shows the debt for which Alturas Coimty is primarily held,
Legislature meets biennially in odd years on the first W ednes
the bonds having been issued by Alturas Coimty before the creation of
day in January, and sessions are limited to 90 days.
Elmore and Logan counties and before the annexation of a part of
C
o u r t
H
'6s,
Jan.,
F
u n d in g
o u se
B
o n d s
.
Alturas to Bingham. When the Legislature parcelled out Alturas
Coimty it failed to provide for an apportionment of the debt.
The amount which Alturas County w ill be required to pay is only
about one-fifth of above amount, because tbe bonds pledged the tax
able property of the county as constituted at the tune of issue, and be
fo re the division o f Alturas. Elmore, Logan and part of Bingham
eounty were taken from Alturas Coimty in 1889.
H ISTO R Y OF D E B T . — Colorado has always shown a disposition to
keep out of debt. Entering tbe Union at a late date (August 3 1 ,1876), it
bad tbe experience of other States to build upon, and its people were
•lever enough to profit by that experience. Iu ber Constitution the power
to contract debt is w isely restricted. When the change was made from
tbe Territorial condition to a State organization, tbe State assumed tbe
debt of the Territory, which was about $42,000. On November 30,
B I N G H A M C O U N T Y . —H. W. C u r t i s , Treas. 1880, tbe total debt was $212,814. Now the funded debt ia but
$600,000.
County seat is Blackfoot.
There is, however, another class o f indebtedness, which has grown the
Bonded debtflast returns)$147,000 |T a x valuation in 1S91--$3,650,000
Floating debt............... .
33,297 T ax valuation in 1890 . 3,177,650 last few years until it has reached much greater importance than tbe
Sinking funds..................
15,056 Population in 1890 w as......13,575 funded debt, and which has in a measure impaired tbe State’ s conserva
.Kate o f in terest.. .7 and 8 per cent
tive reputation; not because of its size (for in size it is but a trifle for a
Tlie bonds issued by tbis coimty are payable as fo llo w s : From J an. 1,
rich State liko Colorado) but because o f its character. We refer to a
1892 to Jan. 1 1895 $5,000 yearly and after 1895 $10,000 yearly un
floating debt begun originally in a small way to provide for “ casual
i t ! ail is paid. Tbis county does not contemplate issuing any new bonds. deficiencies of revenue” (as tbe Constitution o f tbe State reads), and
which has increased year by year until tbe warrants outstanding have
in amount gone far beyond tbe Constitutional limit. No doubt tbe war
C U S T E R C O .—C h a r l e s M o e l e r , Treasurer.
County seat is Cballis. Since receiving the official report of tbis rants w ill shortly be funded under a special amendment of tbe Constitu
county's debt, dated Dec. 15,1892, w e have been not ilied that $50,000 tion, which w ill have to bo provided and adopted for that purpose. In
the meantime we do not class them, for obvious reasons, with tbe debt
o f refunding gold bonds have been sold.
April, 1893.
C0i0^J30-BEBT Of STATE*
am
proper, bat give a special Item to them below. The funded debt consists
of o n ly one elang of bonds called “ capital bonds,” the details of which
are subjoined.
LOANS—
— -Interest.— *
-------- -Principal. --------„
NAME AND PURPOSEP . CL Payable.
W hen D ue, Outstam Vg.
Capital bonds....... ............- 3% ........... Jan. 1,1905 $300,0<X>
• ........ - - ........ 4
........... Jan. 1 , 1907
300.000
1
s
<§
X
.
liibited from contracting any debt except to provide casual deficiencies;...
to erect public buildings for use o f State, and to suppress insurrection
&e.; and to provide f o r deficiencies o f revenue the amount of debt eontracted in one year shall not exceed one-quarter o f a mill on each dollar
o f valuation, and the aggregate shall not exceed three-quarters o f a
mill on each dollar of valuation until valuation equals $100,000,000*
and thereafter such debt shall not exceed $100,000; and for erection o f
INTEREST is payable at the Treasurer's office, Denver.
T O T A L DEBT, Et c .—T he following shows the gross debt of the public buildings the debt incurred in any one year shall not exceed one
Ita te aad the cash off*e is thereto on Dec*jmber 1,1892, 1891 and 1890 half a mill on valuation, and the aggregate of such debt shall n ever
exceed $50,000 ( except as p rovid ed in section 5 o f this a rticle ). (4> (see
1891,
1890.
Ontetandiog warrants . ... _$1,769A92
sect ion 4j . Th e State is forbidden to make any deb t permitted by foregoing-."
$1,548,241
Certs, o f Indebtedness.
38,050
86.890 sections except by a law irrepealable, specifying purpose, and levying:
Loco weed certificate*
5,829
16,910
Capitol building bond*. ...
600,000
t>00,000
150,000 a ta x sufficient to pay interest and extinguish principal within tim e
limited forpayment. (5) ( see section 5 ) Authorizes debt for the purposeT o t a l............ ......... ....$2,411,477
$2,148,241
$1,647,155 o f erecting public buildings not exceeding in the aggregate three mills
.Net assetb . . . . . . . . . . . . . . . -,..
049,022
283,411
232,938 on each dollar o f valuation; p rovid ed , before going into effect suck la w
-Vit debt.......... .......
$1,884,830
$1,414,217 shall be ratified by the majority of the voters at a general election,
SJBCOXD, as to county debt (see section 6J. Counties are prohibited
Th© proposition to refimd the entire State indebtedness by the isauanee o f new bonds to the amount o f $
be voted upon from contracting debt in any form except f o r the p urpose o f erectingnecessary public buildings, m ak ing o r re p a irin g piibl/ie roads and.
fey the people o f this State at a coming el ectfon.
DEBT AND TAX V A L U A T IO N .- T h e follow ing shows the State’s b ridges; and such indebtedness shall not exceed in any one year'
1
total assessed valuation, the State f:a i p e r $1,000, and the total State •8 50 on each $1,000 in counties the assessed valuation of which ex>
j ceeds five million dollars and $3 on each $1,000 in counties in wMekdebt for each year since 1876:
Total Assessed
State Tax
Total Debt
j valuation is less than five million dollars; the aggregate indebtedness
M o t. 30—
V aluation.
(p e r $1,000/.
Xov. 30.
'
189 2.. ....... $236,884,449 00
$4’00
$ 2.411.177 00 j 05 an> county for all purposes (exclusive o f debts contracted before the
■
231,405,295 00
1891._____
J, 148,241 00 adoption of this Constitution) shall not exceed twice the amount of
1890... ...... 220,544,064 62
4 •00
1,047,000 61 above limit, unless the question incurring such debt shall at a general
1889............. 193*254, ! 27 88
4-00
1,379,283 26 election be submitted to such of the qualified electors of such county as
1888............. 16-8,812,246 93
4*00
952,561 47
1887............ 141,323,684 37
4'00
949,309 47 >n the. gear last p reced ing such election shall have paid, a tax u p o n p ro p 1880............. 124,269,710 06
4 00
666.874 31 om/ in county, and receive a majority of those voting thereon; but even
18a.-............ 115,420,193 90
5*50
814,494 (i« I In that ease the aggregate amount of debt shall not at any time exceed
1884............ 115,675,014 51
5*80
632,881 76
1883........... . 110,759,756 21
5'30
602,784 21 twice the rate upon valuation mentioned above—that would be $6 on
5»*56
i s m ........ . . 104,440,683 57
254,806 00 |$1,000 o f valuation.
06,135,305 48
5*56
1881..........
336,783 17 | T H IR D , as to school d istricts (see section 7 ). No debt by loan in any
1880.............
73,698,746 29
5*00
213,484 76
1879............
5-00
58*315*380 30
270,299 11 form can be contracted by any school district for school grounds and
187*....... ...
3*60
43,072,64$ 26
221,202 10 buildings unless the proposition is submitted to such q u a lified electors
1 8 7 7 ...,......
13,453,916 36
5*60
227.709 18 as hare p a id a $eh*ol tax the p reced ing year and a majority o f those
In addition. to the ta x rate m a!heve th»*rc is a poii tax o f $1 *00 per I voting favor It.
fiipita, rrto r to 188*> this poll tax was 50 ©ents per capttii.
F O U R T H , as to cities and towns (see section 8). No debt in any formThe tuns* o f which the
r abmtion for ! 802 was
can be contracted by a city or town except by ordinance irrepealable
shown in tlie fo llo w in g :
FteOTEhTT T a K O ,
V a lu a tio n , j PgApR WAY T l X »■t».
V a lu a tio n . ; until the debt is paid; ordinance must specify purpose, must provide a
A g r i m l m m l land.___ $23,295,207 f ITorsc*
oth au.imali $11,420,021 I fax not exceeding 1 2 mills on each dollar of valuation sufficient to pay
© racing laud
M tisteal lunini m eiita,
474 j annual interest and extinguish debt within 15 years and in not less
Coal mild ............
1S um ’770 . C1eefc« and waf«litss».
213 043
cm la
i I>
turn’d*, jew elry. Ac.
102 435 than 10 years; but no debt can be created unless the question of ineurliaprov. ms pub, ii
|Money and credit*...
ring the same shall at a regular election of city or town officers besubt o w n and m iy tot#
7*4331,025 I Canrlaire* & vehicle*,
1,090,009 ; nutted to a vote of such o f the qu a lified electors as shall in the year next
Ittiprov enm u t ois I
|Itett/whol*! property.
preced ing have paid a p rop erty tax and a majority voting favor the.pm! elttr Im%m
J M iis jm
[ A ll other property....
M iO ’jf ptop’Xy & c»Ui|»tU
2 2 3 Bank fttocK or share*
| proposition; but even in that case the aggregate amount o f debt,
Mile# of mtimmd*. ..,
in any corporation.
31,578,
4,727,982 j together with debt previously existing, shall not exceed j p e r cent o f
T e te c ra p h a n d teto*
2,589,623
Suburban .land. .. .. . ,
valuation. Debts contracted f o r sup p ly in g water to such city or town
2#M*,185
p t w m ........................ .
Vaims o f tiiervIiaitMitec
7.410,,2-44 i Grand total valuiiarc excepted from the operation of this section.
A m c u x it of c a p ita l era*
|
lion of State.,
$236.8-' I, i 19
F IF T H , as to counties, cities, towns, &c. (sec sections 1 and 2 ). What
p lo ye d in mmmttfmi No. o f polls W&%*
61,421 has been said above about the State loaning its credit to, or in aid of*
%&sxm
.
******* 1*352,,013
U N P A ID W A R R A N T S . —The amount o f warrants outstanding on corporations, persons, Ac., and also what is said with reference to the
the 30th o f November I$9ti was# 11^303,354 47. According to the State making donation# to, or becoming a stockholder in, corporations
report o f the State Treasurer, the State held at that tame date Ac. applies likewise to counties, cities, towns, &c. Every kind of
•848.,034 67 o f the*# warrant* in it* several investment fund*; that l* | municipality to enjoined in and by the Constitution against making any
to i®y* that amount iu d been taken up and paid out o f the school and 1 such loan or granting any such aid.
We now give in full the sections of the Constitution referred to.
other investment fond* belonging to the State, no that there were in the
A TIT JC 1 i": XL, S fteno x 1. (State, county , city etc. forb id d en to loa n or1
.
hand# o f the public only #545,319 80.
pledge cord u . ,—Neil her t he 8tate, nor any county, city, town, township,
ss
Th# AttofTKey-Clenerat h m wirltten & elltborate opiniom In wh
or sidiool district, shall lend or pledge the credit or faith thereof,
rOBc-lu/tes that, tl m Stato mm p m ai a toiW that will im culitt . these cilrect.lv or indirectly, in any manner to, or in aid of, any person, comwarrant*. H e say*; ** W urrmmt*t may im n m roaitftetiosa!i i n an n!Htol<tt« ptmv, or corporation, public or private, for any amount, or for any purno./- whatever, or become responsible for any debt, contract, or liability
muums a* where the *uhje«it mathSY Of the a:pproprlntten to not within
of am- person, company, or corporation, public or private, in or out of
the legislative power, ani they may i\m £tnconstitution^ 1 in a •ipocial j the State.
m m m m where the sufejei?t mathpr i* w lthla the tegisiatIv© pow
I Section 2. (State, county, city etc. forbidden, to aid corporations, etc.)
tim mmoumt fewmotl In a particular year exceed* t!
intie* of that yea r ; Neither the .State, nor any county, city, town, township, or school distriet, shall make any donation or grant to, or in aid of, or become a subI® Sarf. tlie- latter cla** can In no ju st sens# lie denoi .ni suited «a eo n »ti j scriber to, or shareholder in, any corporation or company, or a joint
tuttonai but t l i a r e rattier to fee considered so loop enttlvf* bees use of I owner with anv person, company, or corporation, public or private, in
! belong the excess or out of the state, except, as to such ownership as may accrue to the
tank o f available fond* to pay them:. To this latte
State bv escheat or by forfeit ure, by operation or provision o f law; and
>f
warrant* under ecmmktoratlcm, or at torn*! near! r all < them. I t to per- except as to such ownership as may accrue to the State, or to
feetJy w iiipeteat for tegttl&tlife action to v iv ifj * these inoperative war- i any cmintv, city, town, township, or school district, or to eitherrant* by an exp tmw mtsrAton o f their valid ft r send by providing the or anv of them, jointly with any person, company, or corporation,
by forfeit ure or sale of Veal estate for non-payment of taxes, or by doftnaam and 'tam*Miw8tf for their payment. * # I therefore recommend I nation or devise for public use, or by purchase by or on behalf of any
iii any or cither of them, under execution in
that tbl* DegSeiature jw*e* a healing act expre*# ly establishing the vnl*
:i
Idity o f thto o v e r 4 t « i« o f warrant*, and that th pi State Treasurer be re- i■ p » of linos, penalties, or forfeiture o f recognizance, breach of com
dition of official bond, or of bond to secure public moneys, or the,per
*:|itlfod to pnm hm m thews# w a tn a ii. with the fttifpltto in any of the formance o f any contract in which they or any of them may be jointly
*p£Cta*i fond* o f the State.” '
! or severally interested.
w # give Its m lo b e q a e B t item the Cotistiftltlc s»2 provision# limiting | sectio n 3. (State contract loan —am ount, etc.)—The, State shall not
for casual
defebmaJctag I® Colorado* J nd#ed In. th elight * f th orn provisions, the contract; any debt by loan, in any form, except to provide State, sup*
dctSeieneie* of revenue, erect public buildings for use o f the
to atoo certain that the <lifli pres* insurrection, defend the State, or, in time of war, assist m defendabove nm daskn) looks tine*tiooal.de. Ai
caiiy eotild be ©sired by a special amend* nt of the Constitution pro- i ns the United States: and the amount of debt contracted m anyone
for deficiencies of revenue shall
Tided to meet this ea*e, why n o t adopt the rein ly which would be w a r to provideon each dollar of valuation of taxable not exceed one*
fourth of a rail]
property within
etfeetoa1 heyonhil Mutpieton.
| the State, and the aggregate amount of such debt shall not at any time
tattonal provision* with i exceed three-fourths of a mill on each dollar of said valuation, until
D EB T LIM ITATIO N ,—‘Goloradc
1 equal $100,000,000, and thereafter such debt shall not
1
derable length, and strike
raferwnee to Use. creation of debt ar<
exceed $100,000, and the debt incurred in any one year for erection of
•f study o f the provisions ■public buildings shall not exceed one half mill on each dollar of said
on® at ftmt m quite elaborate. Afi
holly to disarm criticism- . valuation, and the aggregate amount of such debt shall never at any
their jgooct qdaUUtA stand out w pic
t a more reasonable basis time exceed the sum o f fifty thousand dollars (except as provided in
N# State ha# placed the debt-making
-bctton 5 of this article); and in all cases the valuation m this secrion
ndebtedness are found in mentioned shall fee that of the assessment last preceding the creation
A ll the regulation* with reference tc
AftNdi111 o f the CtoK*fitwffen*
J of said debt.
s an absolute j section * 4. (H ow above-mentioned debts 'must be created ).--In no case
P JR S T , m to $f«?te 4tbt— i 1>
m e !io n \>. tin
in aid of, any shall anv debt above mentioned in this article be created except by a.
p?©Mhtttoii a g a lM toaning the. credit o f the State
in w which shall be irrepealable until the indebtedness therein provided
xg responsible for shall have been fully paid or discharged ; such law shall specify the
corporation, jMtwm, Ac. ; aito against the State be
c tio n 2 ), The imrpow.s to which the funds so raised shall be applied, and provide for
iff? any debt m
hareholdcr in. I the levy of a tax sufficient to pay the interest on. and extinguish tliepnnJte te is foTbidd
of and! debt within the tame limited by such law for the payment
ition,
%ny corpora tier
t t/oreof, which in the case of debts contracted for the erection of public
building* and supplying deficiencies of revenue, shall not be'less than
of las
mexpl nmh ow
prer- 1ton nor more than fifteen years; and the funds arising from the codecjmteha#M* nnd#:
13
S T / V tiE 7 ^ 3 3
C IT Y
tion o f any such tax shall not be applied to any other purpose than that
provided m the law levyrag the same; and when the debt thereby cre
ated shall be paid or discharged, such tax shall cease and the balance,
if an j, to the credit o f the fund shall immediately be placed to the
credit o f the general fund o f the State.
Section 5. (Debt for public buildings.)—A debt for the purpose of
erecting public buildings may be created by law, as provided for in sec
tion 4 of this article, not exceeding in the aggregate three mills on each
dollar of said valuation. Provided, That before going into effect such
law shall be ratified by the vote o f a m ajority of siicli qualified electors
o f the State as shall vote thereon at a general election, under such regu
lations as the General Assembly may prescribe.
Sec tio n 6. (County debt).—No county shall contract any debt
by loan in any form, except for the purpose o f erecting
necessary public buildings, making or repairing public roads
and bridges;
and such indebtedness contracted in any one
year shall not exceed the rates upon the taxable property in
such county following, to w it : counties in which the assessed valuation
o f taxable property shall exceed five millions o f dollars, one dollar and
fifty centos on each thousand dollars thereof; counties in which such
valuation hall be less than five millions of dollars, three dollars on each
thousand dollars thereof; and the aggregate amount of indebtedness of
any county, for all purposes exclusive or debts contracted before the
adoption of this Constitution, shall not at any time exceed tw ice the
amount above herein limited, unless when in manner provided by law,the
question of incurring such debt, shall at a general election, be submitted
to such o f the qualified electors o f such county as in the year last pre
ceding such election shall have paid a tax upon property assessed to
them in such county, and a majority o f those voting thereon shall vote
in favor o f incurring the d eb t; but the bonds, if any be issued therefor,
shall not. run less than ten years, and the aggregate amount of debt so
contracted shall not at any time exceed twice the rate upon the valu
ation last herein m entioned: Provided that this section shall not apply
to counties having a valuation of less than one million of dollars.
Sectio n 7.—(School district debt for school buildings.)—No debt by
loan in any form shall oe contracted by any school district for the pur
pose o f erecting and furnishing school buildings or purchasing grounds
unless the proposition to create such debt shall first be submitted to
such qualified electors o f the district as shall have paid a school tax
therein in the year next preceding such election, and a majority « f
those voting thereon shall vote in favor o f incurring such debt.
Sectio n 8.—(C ity and town debts.)—No city or town shall contract
any debt by loan in any form, except by means o f an ordinance, which
shall be irrcxiealable until the indebtedness therein provided for shall
have been fully paid or discharged, specifying the purposes to whitli
the funds to be raised shall be applied, and providing for the le vy o f a
tax, not exceeding tw elve mills on each dollar o f valuation of taxable
property within such city or town, sufficient to pay the annual interest
and extinguish the principal of such debt within fifteen, but not lew
than ten, years from the creation thereof; and such tax, when collected,
shall be applied only to the purposes in such ordinance specified until
the indebtedness shall be paid or discharged; but no such debt shall be
created unless the question of incurring'the same shall, at a regular
election for councilmen, aldermen, or offices of such city or town, be
submitted to a vote of such qualified electors thereof as shall, in
the year next preceding, have paid a property tax therein, and a
majority o f those voting on the question, by ballot deposited in a
separate ballot-box, shall vote in favor o f creating such debt; but the
aggregate amount of debt so created, together witli the debt existing at
the time o f such election, shall not at any tim e exceed 3 per cent of the
valuation last aforesaid. Debts contracted for supplying water to such
city or town are excepted from the operation of this section. The valua
tion in this sectiou mentioned shall be in all cases that of the assess
ment next preceding the last assessment before the adoption of such
ordinance.
Sectio n 9. ( Debts previous to adoption o f Constitution). Nothing con
tained in this article shall be so construed as to either impair or add to the
obligation o f any debt heretofore contracted by any county, city, town or
school district, in accordance with the laws of Colorado Territory, or
prevent the contracting of any debt, or the issuing o f bonds therefore»
in accordance w itli said laws, upon any proposition for that purpose,
which may have been, according to said laws, submitted to a vote of the
qualified electors of any county, city, town or school district before the
day on which this Constitution takes effect.
The distinctive feature in the Constitution o f Colorado, as the reader
w ill have seen, is in requiring a property qualification for voters on all
propositions for creating debt in counties, cities, towns and other
municipalities.
P O P U L A T IO N O F S T A T E . — Colorado is one of the younger States
o f the Union, having gained admission in the Centennial year 1876.
The growth of population since then has been v ery decided. The State
abounds in mineral w ealth ; it has very extensive coal fields, and in the
aggregate production of the precious metals, including lead and copper,
ranks as high as any State in the Union. I t is also making considerable
progress in agriculture. In 1870, when it was still a Territory, its pop
ulation was less than forty thousand—39,864. In 18S0 the number
had risen to nearly two hundred thousand, and for 1890 the aggregate
was over four hundred thousand—412,198.
1890.................................. 412,19S I 1870..................................... 39,864
1880.................................. 194,327 |1860..................................... 34,277
In 1860-70 increase was 5,587, or 16*30 per cent; in 1S70-80,154,463,
o r 387*47 per cent; in 1880-90, 217,871, or 112*1*2 per cent.
B A N K S - S T A T E , N A T IO N A L AND SAVINGS IN S T IT U T IO N S .
—Banks and banking facilities in Colorado liavo grown with the growth
in other departments of human activity. There are now 53 national
hanks in the State whore at the close of 1885 there .were only 25, and
-capital is over four times as large, being $9,075,000, against $2,135,000,
while deposits are about 27*2 million dollars, against lOLt million
dollars. State banks have also multiplied, as w ill appear from the
figures regarding the same given in the follow ing and which are taken
from the reports of the United States Comptroller of the Currency.
-1885.-1892.National. . State.
National.
Stale.
(July 1.)
(Dec. 24.)
Co lo rad o .
(Dec. 9, ’92.) (J u ly ’92.)
25
8
Number of banks.........
53
21
C apital.......................... $9,075,000 $1,185,775 $2,135,000 $300,000
144,004
1,515,653
Surplus and profits....... 4,385,957
218,196
Deposits, individual____27,531,926 1,899,225 10,267,933 1,160,451
The State and national banks together, it w ill bo observed, had 10*4
millions o f capital at latest dates and 29^2 millions o f deposits. The
U. S. Comptroller of the Currency also reported July. 1892,10 stock
savings banks with $600,000 capital, $143,300 surplus and profits
and $2,893,276 doposits.
Vol. LVI.
S U fT i^ E M T T J T
C it ie s , C o u n t ie s
and
T
owns
IN THE
S T A T E OF COLORADO.
A R A P A H O E
C O . — D a v i d W. H
art,
Treas.
Denver is the county seat of Arapahoe County.
LOANSTThen Due. Tax valuation, pers’l. $14,107,761
T otal valu ation 1892 101,672,657
R a i l w a y B onds —
6s, Aug., $192,550....Aug. 4, 1893 Assessment is ki actual value.
Total debt Jan. 1, ’93
$192,550 State tax (per $1,000).........$4*133
Sinking fund............
204,617 Co. & school tax (per $1,000) .$9*30
Surplus.....................
12.067 Population in 1890 was___132,135
T ax valuation, real.. 87,564,896 Population in 1880 w as— 38,644
IN T E R E S T is payable in New York or Denver.
B EN T
C O U N T Y . — J o h n E. D o n l o n , Treas,
Las Animas is the county seat.
LOANS—
When Due.
Co urt H ouse —
7s, April, $25,000................. 1901
Subject to call.
R a ilr o ad A id —
8s, July,$29,000....................910
Subject to call.
Total debt (last returns). $68,000
Floating d e b t................
12,000
Tax valuation 1892....... 1,267,219
County tax (per $1,000) ’ 90..21*00
Population in 1890 was.......1,313
Population in 1880 was.......1,654
B O U L D E R — I. L. B o n d , Mayor.
This is the county seat of Boulder County.
Whcii Due. Total debt (last returns) $113,20*
LOANS$4,700
Sinking fund............
W jt e r B onds —
108,500
10s, June 28, $7,200.$1,800 yearly N et debt...................
1,250,00*
10s, Oct, 11, 0,000. 1,200 yearly T ax valuation 1891.
Assessment is ^ actual value.
8s, N o t . 1,10,000. 3,500 yearly
6s, ....,
10,000. .Tune 1,1906 Total ta x (per $1,000)........ $31-40
5s, JAD,
80,000. June 1, 1906 Population in 1890 w as........ 3,330
Population in 1880 was........ S,069
IN T E R E S T on 5s and 6s is payable at the Chemical National Bank,
New York; all other interest at Boulder.
T A X FREE.—A ll issues o f this city’s bonds are exempt from taxation.
B O U L D E R C O . — D. R. M c N
County seat is Boulder.
LOANS—
When Due.
P ub lic B u il d in g ;
8s, April, $42,000..... Apr. 1, 1902
R a il r o a d A id —
8s. May, $33,000........ M ay 1, 1893
Bonded debt Jan. 1, 1893.$75,000
Floating debt.................... 50,000
Total debt...........................125,000
Sinking fund.....................
7,700
aughton
, Tr«as
Net debt Jan. 1,1893........ 117,300
Tax valuation, real...... $4,051,495
T ax valuation, personal
933,077
Total valuation 1892... 4,984,572
Assessment about *3 actual value.
State tax (per $1,000). .......... $4*00
County ta x (per $1,000)........ 23*20
Population in 1890 was — 14,082
Population in 1880 w as— 9,723
C H A F F E E C O U N T Y . — J. M. B o n n e t . Treas.
County seat is Buena Vesta. The
litigation.
LOANS—
When Due.
Co u n t y B u il d in g —
8s, Dec., $20,000....... Dec. 1, 1902
Other bonds.................... $111,300
Bonded debt Dec. 1, 1892.224,500
Floating debt ab o u t....... 20,000
T ’ l debt Dec. 1, ’92, about.244,500
C O LO RAD O
bonds o f this county are mostly in
T ax valuation 1892...... 2,834,741
Assessment about l-2 actual value.
State tax (per $1,00>>).......... $4*00
County ta x (per $1,000)— $19*00
Average school ta x ........ $2*00
Population in 1S90 was........ 6,612
Population in 1880 w as........ 6,512
SI. G. SPRANG, Mayor.
I A. H. CORMAN,Clerk.
County.
6s, J&J, $25,000...... July 1, 1905
Subject to call July 1,1900
6s, A&O, $70,000... -Oct. 1, 1906
Subject to call Oct. 1,1901
5s, A&O, $50,000...... Oct. 1, 1905
Subject to call Oct. 1,1900
5s, J & j, $50,000...... Jan. 1,1906
Subject to call Jan. 1, 1901
W a t e r W orks R efu nding 68, J&J, $57,000..‘. ..Ju ly 15, 1901
Total debt Jan. 1, 1893..$592,000
W ater debt (included)
477,000
Tax valuation 1892----$5,900,000
Assessment about hz actual value.
State tax (per $1,000)........... $4*00
County tax (per $1,000)....... 11*00
City tax (per $1,000).............13*00
Average school ta x ................15*00
Population in 1890 was---- 11,140
S P R IN G S .-
This city is situated in E l Paso
LOANS—
WAe» Due.
B r id g e & V ia d u c t B onds —
6s, J&J, $10,000....July 1, 1905
Subject to call July 1,1900
6s, F&A, $30, $30,000.Aug, 1,1906
Subject to call Aug. 1,1901
Se w e r B onds—
Gs, J&J, $50,000...... July 15,1903
Subjectto call July 15,1898
6s, 6&J. $50,000------ July 1,1905
Subjectto call July 1,1900
W a t e r W o r k s B onds —
7s, J&J, $25,000.. ..Jan. 1, 1896
6s, J&J, 35,000....J u ly 1, 1902
Subject to call July 1,1897
6s, M&S, $85,000.. ..March, 1904
Subject to call March, 1899
6s, M&N, $80,000...Nov. 15, 1904
Subject to call Nov. 15,1899
The water works are valued at $500,000, and in the year 1890 receipts
from water rents were $32,347.
GOLD B O N D S .—A ll of the city’s bonds are payable in gold coin.
T A X FREE-—A ll bonds issued by this city are exempt from ta x
ation.
IN T E R E S T is payable in Colorado Springs and in N ew York.
C O N E J O S C O . — C h a s . II. B r i c k e n s t e i n , Treas.
County seat is Conejos.
Wh en Due.
LOANSCo u n t y B onds —
..s ,....... , $60,000........ ..................
Floating debt...............
$70,000
Total debt Jan. 3. 1893. $130,000
T ax valuation 1892— 1,795,624
T\
—
Assessment is
actual value.
State tax (per $1,000).........$4*133
County tax (per $1,000)---- 22 00
Average school ta x ............
3*00
Population in 1890 w as........ 7,193
Population in 1880 was........ 5,605
*vrX 7 TT TD
5 P L A T T ROGERS, Mayor.
— i JAS. T. ADAMS, Treasurer.
Denver is situated in Arapahoe County.
JD-tLiN V
April, 1893.
C O L O M B O — C IT IE S
LOANS—
W h e n D u e . I 4s, M A S , $700,000.......... Sept. 1904
F i 's o n u B ..> . -to f 1884—
' Subject to c u ll sitter Sent. 1, 1899
M A S . * 3 0 0 .0 0 0 ....M a y 1 ,1 8 9 9 I In t e r c -t i-. jeivable In N e w Y o rk
Subject to cull u tte r May 1, 1894 1T o ta l debt J i m - 'l , 1893.$1,500,000
P t b l c B i n lu s .,-, l s s i —
T u x Yuluiitio u 1 8 9 2 ___ 73.550,415
6a, A AO. $100,000....Apr. 1, 1890 i A sst->snit from J to actual value
5
L E A D V I L L E . — T. W. J a y c o x , Mayor.
0 »,
Leadville is tlie county seat of Lake County.
LOANSWhen Due. Tax valuation 1890.. . .$1,800,000
- s .........$48,000
Assessment about *3 actual value.
Subject to call at any time.
Tax rate per $1,000 .......... 68-00
Floating debt about....... $200,000 Population in 1890 was ....10,384
Total debt (last returns).. 248,000 Population in 1880 was ... .14,820
IN T E R E S T 18 payable by Kountze Bros., New York City, and at CityTreasury.
Subject to call after Apr. 1,1891 I State tax (per $1.000)...........$4-00
Pu b l ic I m p
o v k m es t—
I Couuty tax (per $1.000)........ 10 00
5a. JAJ, $-100.000----July 1,1906 City lax (per $1.000)............ 10-00
Subject to call July 1,1901 Average scliool ta x ............... 10-00
Population in 1890 was___ 106,713
TAX FREE-—A ll of the city's bonds are exempt from taxation un
less i eturned by owner.
EAG LE
L O N G M O N T . — G. E. S m i t h , Recorder.
This town is in Boulder County,
LOANS—
When Due.
C O U N T Y — J n o . L. C a m p b e l l , Treas.
County seat Red Cliff.
W hen
LO ANSP r x b iN o B o n o s —
7#, MAS,
P.kfiinih ng W a t e r B onds —
6s, F&A, $70,000......Aug. 1,1916
Subject to call after Aug. 1.1902.
, Total debt (last re tu rn ) -$117,900
D ue.
Tax valuation 1892....... 1,293,280
...
[Assessment
actual value.
State A Co.tax p. $1,000 ’ 91.$31 00
8*. JAJ, $39^00 ...
' Population in 1890 was........3,725
8ubJ«M to call after ten yearn, j
it
Sutyect to call after ten year*.
IN T E R E S T 1* payable at the County Treasury and In New York.
F R E M O N T C O U N T Y — L. E. F r a n c k , Treas.
County m m t U Canyon City.
LOANS—
W h e n D u e . I Total debt (last returns) $108,839
C O U N TY B o n d *—
I Tax valuation 1892___ 3,453,436
. -----------j Population in 1890 was.........9,156
- f t , ....... , $20,000 .
Floating debt
..$88,839 [ Population in 1880 w as....... 4,735
County seat is Grand Junction.
When Due. Total debt Jan. 1892... $97,400
LO ANSB ridg e B onds—
Tax valuation 1892 ...... 2,604,944
i 8s, Apr., $14.900................... 1905 Tax valuation, real....... 2,016,829
i F u n d in g B o n d s —
Tax valuation, personal. 395,883
6s, JAJ, $64,500.....................1908 Total valuation 1S91___ 2,412,712
Subject to call after 1898
Assessment is M actual value.
! Interest payable at Grand Junc- State tax (per $1,000)...........$4 66
1 tion, Colo., and in New York.
County tax (per $1,000)___$25 50
Bonded debt Jan. 1,1892..$79,400 Population iu 1890 w as....... 4,260
Floating debt ab o u t.. 18,000
C O . — J. T. M c L e a n , Treas.
County aeat U Glen wood Spring*.
LOANS—
W hen D u e. I
V a l u a t i o n , e t c .—
Coujrrr Bond*—
Total debt (last returns). $180,903
i Tax valuation 1892....... 2,358,768
Floating debt................$ 1 50,903 ! Population in 1890 was___ 4,478
H
ip
|_t i
a
vrn Q
' W, " T BOOTH, Mayor.
.
i O r l L-/\ IN U b . — >T. II. W YG AN T, Jr., Treasurer.
ThU town la In Arapahoe County. Tlic sewer debt outside of the
bonded debt la a special lien against property benefitted and will all be
paid during the year 1893 4 by special tax.
Total debt Jan. 1, 1893.. $188,238
LOANSW hen D u e .
luURoVKUKSfT BOXDm—
24,589 ;
( .m on hand...............
h
6 «. J A J , $ 3 7 .0 0 0 ......... J u l y 1, 1904 Net debt Jan. 1. 1893 . .. 163.619
(subject to call after ton year*.
Tax valuation 1892....... 4.263,725
Sew km Bond*—
A**ea*iuent about * actual value.
4
JAJ. $49,000...... July 1 1905 State tax (per $1,000).........$4*30
,
object to call after ten year*.
County tax (per $1,000)..... 9*30
Bonded debt Jan. 1, 1893 $- 0 .ooo Town tax (per$1,000)........ 10*00
Sewer debt. ................... 63,656 Average school tax........... 8*90
Floating debt ............... 38,582 Population in 1890 was.....5,101
INTEREST i" payable in Denver and in Now York City.
%
H IN S D A L E
C O — D.
S.
H offm an,
Treas.
Interest payable at TreasTs offioe.
Total debt Aug. 1, 1892. $70,000
Tax valuation 1892...... 2,000,000
Population 1890 was........... 1,543
M E S A C O U N T Y . — T. B. C r a w f o r d , Treas.
G A R F IE L D
- , ....... . $30,000...................
hi
137
7 ^ 5 TO !
M O N T R O S E C O .— D. A. G a l l o w
ay
,
Treas.
County, seat is Montrose.
LOANS—
When Due.
F U 'D ing B onds—
6s. J&J, $128.300..... Jan. 3,1908
Subject to call after Jan. 3 , 189S
Bonded debt Feb. 4,1893.$154,300
Couuty has no fl»ating debt.
Tax valuation 1892 ___ $1,980,921
Assessment about H actual value
State tax (per $1,000)...........$4*00
County tax (per $1,000)........19-83
Average school ta x .............. 8*00
Population in 1890 was....... 3,980
INTEREST > payable at the County Treasurer’ s office and by
a
Kountze Bros., N ew York City.
O U R A Y
C O U N T Y . —J. S. M y e r s , Treasurer.
County seat is Ouray.
LOANS—
When due. j Total debt (last returns). $267,260
C orsT v Bond *—
I Tax valuation 1892...... 1,399,298
,$163,000...
Population in 1890 w a s ......6,510
! Population m 1880 was____ 2,669
Floating debt $104,260
P IT K IN
C O U N T Y . — Louis D. S w e e t , Treas.
County seat is Aspen.
LOANS—
When Due. 8s. A AO, $232.300....Oct. 1, 1911
Subject to call after Oct. 1, 1901
F u n d in g B o n d s —
8s. JAJ, $241,000 . . . July 1, 1906 Total debt Feb. 1 ,1S93. *483,000
Subject to call after July 1, 1896 Tax valuation 1892 ... 4,750,000
Assessm’t about 2-5 actual value.
J U i GMENY B *NDS—
8b, AAO, $9,700 ...... Oct. 1, 1910 County tax (per $1,000)--- $23*60
Subject to call after Oct. 1, 1900 Population in 1890 was..... 8,980
ttountjr w l la Lake City.
LOANS—
W h e n D u e . I Bonded debt Jan. 1, ’92 $142,500
F itmiiho Bo m ii
I Tax valuation 1892....... 684.513
_
8a, JAJ. $43,000_ Dec. 31.1901 | Aaaeasm't name a. actual value.
Subject to call at any time.
j Htate tax (per $1.000)
$4 63
INTEREST ie payable by Kountze Brothers, New York City, and
ft., FA A, $0.7,000
July 27. 1900
|
County tax (per $1,000)..36 00
.-alueet to call at any time.
Average acliool tax........
9 25 County Treasurer’s office, Aspen, Colo.
J c d u m k it Bo i m Population In 1890 was....... 862
8., FAA, »34,5oo Aug. 12. 1911
i
Population In 1880 P U 1,487 L O . — A. A. G r o m e , Mayor.
was. E B
nutd’t to call after Aug. 12, 1901 |
INTEREST 1 payable at the office of the County Treasurer or at
*
the offioe of Kounlte Broa., Now York.
J E F F E R S O N C O . — C h as . T. C l a r k , Treasurer.
at
Pueblo is situated in Pueblo Couuty.
LOANS—
A m o u n t . I Population in 1890 w a s
24,558
City bonds......................$192,000 |Population in 1880 was...... 3,217
TA X RATE (per $1,000), $-17-17, including State tax $4-00, county
tax $13,17,city, school district, etc., tax, $30. Beal estate is assessed
at “ about one-third its actual value.”
Onaoty m m t in Uold«n.
LOANS
W h e n D u e . I Total debt...................$107,325
O. CT A H P. K. W. A T. Co.—
.
Hinking fund..............
22,948
Net debt Jan. 1. 1892.... 144,677 P U E B L O C O U N T Y
Hm, ....., $32,300
RrvrwDfvo Bond*.-—
Tax valuation 1892......4.214,602
County seat is Pueblo.
6m ...... $38,000............ ............ Hiatetax (per $1,000)...
,
$4*63
LOANS—
When Due.
Inthreat payaide in N. Y. A Golden. I County tax (per $1,000)
24*50
Co u n t v B onds—
Bonded debt Jan. 1, 1892 970,300 Population in 1890 wan
8.4.50 .............. $372,500.........................
in 1880 waa...... 6,804
Due iu twenty years, subject to
call after 10 years.
— W. J. M c N
am ara
, Treas.
T ax valuation, 1892..$18,907,638
Assessment about h? actual value.
County tax per $1,000........ $13*17
Population in 1890 was...... 31,491
Population in 1880 was........7,617
Total debt Jan. 1. 1893 ..$481,260
C O U N T Y . — M. F. E o a n , Treasurer.
County seat 1 Leadville. Certain outstanding i>ond» of this county
*
have broa drcUtmd illegal by V . 8. Coarts.
R I O B L A N C O C O . - H e n r y J. H a y , Treas’r.
County scat is Meeker.
Total debt (Matreturn* .$111.3*1 I Tax valuation 1992 — $1,483,860
All flowtlagdebt -no bowl*.
Population in 1890 wa*.... 14,663
LOANS—
When Due. Total debt Jan. 1,1892... .$53,000
Tax valuation 1892........... 807,050
Total debt July, 1 8 1
84
$239,999 ! Population in 1980 wa«.....23,563
Co u n ty B onds—
L A K E
L A
P L A T T E
C O . — J o h n F. H e ll . Treasurer.
7s. A AO. $-11.000....... Oct. 1 1909 Tax valuation, real........... 308,744
Tax valuation, personal...582,744
Optional ten years from date.
Interest payable at County Treas Total valuation 1891........ 891,488
Total tax (per $1,000)...... $33*50
ury or at Chemical Bank, N. Y.
Bonded debt Jan. 1, 1892.$41,000 Population in 1890 w as... 1,200
Float ing debt..................... 12,000
In this county real estate is assessed at about 14 and personal property at about
of actual value.
County Mat in Durango. The paym4*ntnf $30,491 of bonds originally
la*usd by La Platte County has been aasumed by Montezuma County*
which waa organised in 1889.
Total debt May 1 1892 .. $140,151
,
LOANS—
W hen D u e.
Tax valuation 1892.......2.301.798
COURT UOD9E Bo?ua8a. JAJ. $19,600 ...Dec. 30, 1911 lax valuation, real....... 1,665,836
ftwljlrwt to call Dec. 30. 1901 Tax valuation. j»er*onal 535,304
S A G U A C H E C O U N T Y . — A G. W i l e , Treas.
hm. MAR.$11,400 ...Dee. 30, 1911 Total valuation 1891 ....2,201,140
Buigoet to call Dec. 30,1901 Assessment about *o actual value.
County seat is Saguache.
mate tax (per $1.000).........$4*63
Ft; n d i m Boir>«—
Valuation, etc.—
LOANS—
When Due.
6 JAJ, $$$,151 ...Apr. 0. 1909 County tax (per $1,000)..... 20*75
ft,
Tax valuation 1892..... $2,093,043
C
Average school tax............. 5*01 7s, o u r t H o u s e a n d F u n d i n g —
Ro a d a » d B ridge B ond * —
JAD, $79,100....................1904 Assessment *3 to *2 actual value.
8*. Apr., $25.000 ...Apr. 1,1903 Population in 1890 was...... 5,509 Floating d e b t....................$20,000 County tax (per $1,000)--- $17*00
INTEREST on the funding bond* 1 payable at the office of Kounzte Total debt (last returns) .. 99,100 Population iu 1890 w as....... 3,313
*
Bro*., New York, and in Durango; on the court house bonds at the
INTEREST is payable by Kountze Brothers, New York City.
Chemical National Bank, New York, and in Durango; on the road and
bridge bond* interest la payable in Durango only.
S A N J U A N C O . — F r a n k B. B r o w n , Treasurer.
LA S
A N I M A S C O . —T. B.
County seat is Trinidad.
LO AN S
W hen
Coitrtt B*»xr»s 7a, MAN. $119,500
6ft, A AO,
61,558..
D ue.
........
I
C o l l ie r ,
Treasurer.
V a l u a t i o n , e t c .—
Tax valuation 1892
_ _____
$6,123,725
j County tax (per $1,000)
17*00
Po
...... 17.208
Total debt (last ivinnm $185,140 I Population In 1880 was...... 8,903
IN T E R E S T
»*,_;■
York City. In
New York on 7s by Kountze Brothers ; on 6a by Chemical Nat. Bank.
H
County seat is Silverton.
LOANS—
When due.
Co u nty B onds—
..............,$108,700
..............
Floating debt $70,000
Valuation, etc.
Total debt (last returns)..$178,700
T ax valuation 1892....... 982,793
Population in 1890 was....... 1,572
S A N M I G U E L C O .— J. M c W
County seat is Telluride.
from taxation.
il l ia m s
,
Treasurer.
A ll bonds Issued by tills county are exem p t
138
$ T fiT Z A W
CITY S U m tW tN T
Floating deb t................. $46,190
LOAN.R—
When Due.
C o u r t IT o u s f . B o n d s —
Total debt Jan. 1, 1803. 186.399
8s, J&J. $12.000.................... 1006 T un valuation 1802........ 3,308,221
T ax valuation, real....... 803.030
Subject to cull after 1896
T ax valuation, personal. 380,352
F u n d in g B«*n i »s—
7s, J&J. $79,800..................... 1006 Total valuation 1801....1,274.282
State tax (per $1,000)___
4*63
Subject to cull after 1896
Conntv tax (per $1,000).
36*00
JUDOMKNT rfONDS—
8p . Var., $54.400.................... 1012 Population in 1890 was....... 2,909
Bonded debt Jan. 1.1R03.$140,200
IN TE R E S T on the bonds o f this county is paid in New York or at the
County Treasurer’s office in Tellurida. Col.
SOUTH
D E N V E R — Sim e o n
M. V a u g h a n ,
Mayor.
South Denver is in Arapahoe County.
LOANS—
When Due. I 6s,___,
W
vtk r
3,000........................
Bonds-
68, J&J. $160,000......................... |
INTE R EST is payable in New Y ork at Chemical National Bank.
T O T A L FUNDED DEBT, accord'll'' to our last returns, was $163,000. all for water. It has been proposed to issue $160,000 bonds—
$100,000 for an extension o f the water works and $60,000 for a new
tow n hall, new jail, etc. The income from w ater rents in year 1890-91
Was $4.815. The water works are valued at $250,000.
ASSESSED V A LU A TIO N in 1890 was $2,873,305; tax rate for
interest on bonds and tow n expenses (per $1,000) $8 00. Real estate
Is assessed at “ about one-third its actual value/’ In 1889 total
assessed Vcaluatlon was $1,931,605; in 1887 it was $918,250.
P O P U L A T IO N iu 1890 was 106,713 ; in 1880 was 35,629.
T R I N I D A D . — J a m e s M. J o h n , Mayor.
Trinidad Is situated in Las Anit as County.
LO A N S—
When Du . Bonded debt (last returns).$67,000
B ridg es , & r. B onds —
39.871
Floating debt................
7s. J&J, $20,000......................
Total debt (last returns). 106,871
C i t y H a i .i , B o n d s —
Tax valuation 1891...... 3,290.843
7s, J&J. $12,000......................
39*00
Total tax per $1.000......
F
u n d in g
W
a r r a n t s
—
«a, MAP, $35.000....................
S c hool b o n d s —
6s........... $35,000................ ......
P o p u la tio n in 1890 w a s .......... 5.5 23
Population in 1880 w as........ 2,226
Vol. LVI
B A N K S -S T A T E , N A T IO N A L AND SAVINGS INSTITU TIO N S.
Utah Territory has 14 national banks now, against 6 iu 1885. Capital
is $2,800,000. against $800,000, and deposits are about 44* million
dollars, against only about 1% million dollars at the earlier date. There
are, besides, ao ne local territorial banks, whose aggregates, taken from
the annual volume o f the United States Comptroller of the Currency,
appear in the following.
,---------- 1892.---------- v
,
--------- 1885.--------
National.
Local.
National.
Local.
U tati .
{Dec. 9. ’92.) (June 10, ’92.) (Dec. 24.)
Number of banks......
It
11
6
....
Capital...................... $2,800,000 $1,369,720
$800,000
..........
Surplus and profits... 1,1 h i ,002
158,753
368,695
..........
Deposits, individual.. 4,248,496
1,381,047
1,754,292
..............
The Territory likewise had. according to the Comptroller o f the
Currency, 11 savings banks June 10, 1892, having $1,009,047 capital,
$101,624 surplus and undivided profits, with $2,427,950 savings de
posits and $207,890 ordinary deposits.
C A C H E C O U N T Y .—
LO A N S -
When Due.
F u n d i n g & I m p r o v e m ’ t (g o ld )—
5s, F& A, $ 5,0o0...... A ug. 1, 1912
Suujeet to call Aug. 1, 1902
County
se t isLogan.
a
Interest payable iu New York.
Total ile "t Nov. 1. 1892.. $60,000
T ax valuation 189J....... 6,407,859
Population iu 1890 was...... 15,509
JAMES Q U A YLE , Mayor.
W. R. S TD /E li, Treasurer,
Tliis city is in Cache County.
LO AN SWhen Due. Total debt Fell. 1,1892.. $45,000
W a t e r W o ii KS—
T ax valuation l s o l ....... 2,339,490
os, J.vD, $ 40 ,000....D r. 31. 1912
Assessment is -a o f actual value.
Bonded dent Feb. 1, l892.$40,0oo Population in 1“ 90 was....... 4,565
Floating debt.................... 5,000 Population iu 18o0 w as....... 3,396
L O G A N .-j
O G D E N . —J.
W .
M
c
Nutt,
City Clerk.
This city is iu Weber County. The city has recent! r voted to issue
additional improvement bauds to the am>uut of $50,000.
LOANS—
When Due. I Total debt June 30, ’ 92. $368,000
G e n e r a l I m pro vem ent —
T a x valuation ls92...... 13,500,000
5s, oenii an., $100,000.May 1, 1913 | Population iu 1890 was..... 14,889
PROVO
Utah Territory.
ITS
DEBT, RESOURCES. &c.
.— This city is the county seat of Utah County. As the
indebtedness is limited by United States statute to 4 per oeut of the
assessed valuation, the city can incur no debt further than the bonds
already outstanding.
LO AN S—
When Due. Total debt June 30,1892. $124,000
W .vf t,K B o n d s —
T ax valuation 1892........ 8,618,646
6s, A& O, $120,000, g., Oct. 1,1911 Population in 1890 was.
5, L59
Subject to call Oct. 1, 1901
Population iu 1880 was.
3,432
INTE R EST and principal are payable in gold at the Commercial
Organized as a Territory (A ct Sept. 9, 1850)
- Sept. 9, 1850 National Bank, N ew York.
Total area of Territory (square miles)
. . .
84,970
S A L T L A K E C I T Y . — H a r r y T. D u k e , Treas.
Territorial C a p i t a l ................................ Salt Lake City
This city is situated in Salt Lake County.
Governor (term expires with nat'l adni’n) Arthur L. Thoma-.
P u b lic I m p r o v e m e n t , 1892—
LOANS—
When Due.
C it y B onds —1888-1 “ 91—
5s, J&J, $300,9)0 .....July 1. 1912
Secretary
- - - Elijah Sells
5s, Sept., #500,000.. .Sept. 1,1908
Subject to call after July 1, 1902
Treasurer (term expires Mar. 10, 1894) - - Josiah Barne t
Subject to call after Sept. 1, 189“
5s, Jan., $700,000...Jan. 1,1911
Legislature meets biennially in even years on the second Mon
Subject to call alter Jan. 1, 1901
PAR VALUE of aU bonds is $1,000.
day in January, and sessions are limited to 60 days.
INTE R E S T on the bonds due iu 1903 is payable at tbe Am. Ex.
National Bank, N ew York, or Desert Nat. Bank, Salt Lake City, at
option o f bondholder; on tlioso due in 1911 at tbe Im porters’ & Trad ere’ Nat. Bank, New York, or Union Nat. Bank, Salt Lake City, at
option of bondholder; on those due 1912 iu N ew York City.
T O T A L D E B T on November 1,1892, was $1,500,000; water debt is
included in tbe foregoing.
* This loan non-taxable. Interest and principal are payable in gold#
AVAILABLE ASSETS.—City lands, w aterw ork s and gas stock.
P A R V A L U E .—Bonds are iu pieces o f $1,000 each.
D E B T L IM IT A T IO N .—Tbe debt o f this city is limited by an A ct of
INTE R EST is payable iu Salt Lake City or at the Am erican E x Congress, approved July 30, 1886, which provides as follow s:
change National Bank iu N ew York.
That no political or municipal corporation, county, or other sub
DEBT LIM IT A T IO N .—The indebtedness o f this Territory is limited division in any o f the Territories o f tbe United States shall ever
become indebted iu any manner, or fo r any purpose, to any amount in
b y A ct o f Congress to one per cent of the assessed valuation.
tlie aggregate, including existing indebtedness, exceeding four per
T O T A L DEBT on Nov. 1, 1892, was $700,000; in 1880 it was cent o f tbe value of the taxable property within such corporation,
county or subdivision, to be ascertained by tbe last assessment.
$9,120.
ASSESSED V A LU A TIO N ill 1892 was $51,028,650; in 1891, $50,NEW LO AN .—Bids w ill be received by the Territorial Treasurer
from M ay 10 until June 10,1892, for the purchase o f 5 per cent non- 000,000. City and school tax (per $1,000) $5'50. In 1889 total as
taxable bonds falling due July 1. 1912. The amount of the new issue sessed valuation was $16,611,752. The ligures given for 1891 are sub
w ill be $250,000, as authorized by the Legislature on March 10,1892. je ct to revision by the Board o f Equalization. Assessed valuation is
The law provides that a sinking fund, which shall receive $25,000 an. about 70 per cent o f file actual value.
P O P U L A T IO N .—The population in 1890 was 44,843; in 1880 was
Dually, shall be established after ten j ears from July 2,1892, for the
payment o f this loan. For investment this is the most desirable bond 20,768.
issue which has been. made by the Territory, as the securities cannot be
C O U N T Y . — J o h n A. B o y l e , Treas.
called before maturity. Utah’ s total bonded debt including this loan is W E B E R
$700,000, and the yearly interest charge $35,000.
County seat is Ogden.
T A X V ALU A TIO N in 1892 was $117,150,899; in 1891, $121,146,LOANS—
When Due. I Tax valuation 1892...$17,300,000
I ' l l ROV k m b n t a n d F u n d ix ' g —
| Assessm ent 'c to h actual value.
648; in 1890, $104,758,750; in 1889, $51,917,312. The real value is
5s, J&J, $70,000...... une 14. 1912 . County tax (p er$ l,0 0 0 )........$.1 00
estimated at $250,000,000.
Subject to call after. June 14. 1902 1Poor and school tu x .......
1 00
PO PU LATIO N OF T E R R IT O R Y .—The population o f Utah keeps Bonded debt July 20, ’92..#70,000 I Population 1390 was.......... 22,723
Hooting debt .1• ly 1/9 .. 40,000 | Population 1880 was...........12,344
steadily gaining, and doubtless were it not for the problems connecteu
IN T E R E S T is payable „ t the County Treasury or at the Chemical
with Mormonism and polygamy the Territory would long since have
been given the privileges o f Statehood. Situated in what is-called the National Bank, N ew York City.
arid region o f the West, systematic irrigation has done wonders in pro
moting agriculture, and at the same time the mining industry lias
added greatly to the prosperity o f the Territory. In 1860 population
was but 40,273; by 1870 it had more than doubled and was 86,786;
1880 found an increase to 143,963 and in 1890 the total had gone above
tw o hundred thousand, being 207,905.
1890 .............207,905 I 1870 ............... 86,786 1850 .............. 11,380
1880 .............143,963 |1860 ............... 40,273
In 1860-70 increase was 46,513. or 115*49 per cent; in 1870-80,
57,177, or 65*88 per cent; and in 1880-90, 63*942, or 44*42 per cent.
LO ANS-
,— Interest.—
-------- Prin cipal,--------NAME AND PURPOSE.
P. Ct. Payable. When Due. OulstamVg .
Building bonds....................... 5
J & J July 1, 1910 $300,000
Subject to call after July 1, 1900
Territorial bonds..................... 5
J & J July 2, 1908
150.000
do
do .............1892 5
J & J July 1, 1912 *250,000
n
A p r il, 1 8 9 3 .
TJ£W
139
M E X IC O — £ $ !Z O f t A - l3 £ 8 T
D O N A
Territory of New Mexico
ITS
DEBT,
RESOURCES,
E tc .
Organized as a Territory (A ct Sept. 9, 1830)
Total area o f Territory (square miles)
.
.
- Dec. 13.1850
.
122,580
T e r r it o iia l C a p i t a l .............................................. S an ta F e
Governor (term expires with nat'i adm’B) L, Bradford Prince
Secretary
.
.
.
.
.
Silas Ale xander
T r e a s u r e r ................................................Rufus J. Paicn
Legj-lature meets biennially in even years the last Monday
of December, and sessions are limited to 80 days.
la 1888 the T erritory wishing to redeem $30,000 o f Its 7 per cent
ho inIs having it number o f years to run was obliged to pay 117 in order
to obtain theta. The bonded debt is as follow *;
LO ANS—— In le re tt.— g , --------- P rin e ip u l. --------- NAME AND PURPOSE.
P . Cl, Payable.
When Due. Ouletand'y.
M & 8 1804 6c 1905 $200,000
Capitol building bonds.......... 7
Capitol contingent Ixmds----- 8
J * .1 July 1, 1903
50,000
Current expense liomls o f ’ 87. 6
rum’ He 1907 & 1!H)3
150.000
Subject to call in 1892 or 1897Insarie A sj hun, 1S91............. «
J *
J Oct. 1. 1921
25,000
Subject to cull after Oct. 1. m i l .
Penitentiary bonds................ 7
J & J 1894 & 1893
114.000
Provisional debt lmmIs.......
6
M .4 -S
1919
200,000
Subject to enll after 1009.
IN T E R E S T 1* payable at the National Bank o f Commerce, New
Tork City,
A N A
C O , — County Rent is Las Cruces.
LOANS—
When Due.. I Sinking fund.............
$33,254
Cou nty B onds —
1Tax valuation 1892___ 3,304,754
~s. ....... $<3,400............
........ Population in 1890 was........ 9,191
Floatingdebt...................... $2,3.>8 I Populatiou in 1880 w as....... .7,613
G R A N T C O U N T Y . —C. C. ScHOEMAKEiuTreas,
County seat is Sliver City.
LOANS—
UVten Due.
C urrent E xpenses —
6s, J *J . $27,000....... July 1, 1919
Subject to call after July 1,1899
F undin'., B onds—
6r, .Tan., $18.500...... Jan. 1,1900
Subject to call after Jail. 1 , 1895
6s, JAJ. $82.509....... July 1, 1919
Subject Pi call after July 1,1899
R a ii .road B onds—
7s. JjrJ, $17,000...... July 1,1903
7s, .TAJ. $20,090........July 1,1904
7s, JAJ, 20,000........July 1,1905
K nr i n in m . B onds—
6s, J&J, $33,000........July 1.1919
Subject to call after July 1,1899
Total debt (last returns) $218,000
Tax valuation 1892....... 4.749.650
Tax valuation abt. C actual value.
s
State A Co. tax ($1,000) ’91.$19 (K5
School A cattle tax Ip. $1,000} 2-50
Population in 1800 was......9,657
L A S V E G A S . — J. M.
C u n n i n g h a m , Mayor.
Tills is the county seat o f San Miguel County*
LO A N S —
When Due.
Valuation, etc,—
School H ouse B oxes ,
Total debt (la-t returns), $26,500
7s, J&.T, $15,000........ Tuly 1,1905 Tax valuation in 1890...1,332,730
Subject to call after 10 years.
State tax (per $1.000).......... $8*65
T o w n H i l l B onus .
County tax (per $1,000)....... 15>65
6s, J&J. $7*000___...June 1, 1921 City tax (per $ 1 ,0 0 0 )......... 6 00
Subject to call after 10 years.
opulation in 1890 was*.*0**2,385
IN T E R E S T is payable in New Y ork city.
M O R A
C O U N T Y . — J H. D a n i e l , Treasurer,
County seat is Mora.
LOANSWhen Due. T ax valuation 1892... .,$2,117,256
C oRri ent E xpenses B onds .—
County tax (per $1,000)1891.$8*50
6s, J&J, $7(1,000_____ Tuly 1, 1919 Territory ta x ................
11 *50
Subject to call after 10 years.
Population in 1890 was.___10,618
Tidal debt Jam 1, 1893.... $75,000 Population in 1880 was.*... 9,751
IN T E R E S T is payable in New York.
T O T A L D E B T .—The total bonded debt on July 1.1892, was $714.- S A N T A F E C O U N T Y . - — County seat is SanteFe,
OOO; floating debt $115,000; Old militia warrants, $825,000; total
LO AN S —
"•
When Due, j Of which floating d’ bt was $26,689
R efundin ’n B onds —
| \ax valuation 1892....$3,085,945
debt o f Territory, $1,454,000, The amount o f old militia warrants as
5s, F&A. $150.000
Aug. 1, 1921 |Population in 1890 was...... 13,562
re is.rtril above Is estimated, an the record* concerning iliis Indebted
$450,000 j Population in 1880 was...... 10,867
Total debt 1893.......
ness are very defective. I t is claimed by some that a portion o f the-e
Warrant* are fraudulent and the Territorial Legislature has not rmog- S A N
M IG U E L C O
— County seat is Las Vegas. Cou
n’ zed the obligation* to the same extent or placed them on the same
pons of this county’s bonds issued under the Territorial Funding A c t
footing with the balance o f the Territorial Indebtedness.
o f 1889 are reported to be in default.
ASSESSED V A L U A T IO N .—The State’* assessed valuation (about %
LO A N S —
When Due, T ax valuation 1892....$7,457.002
Co u n ty B onds —
Population in 1890 was.... .24,204
t value) and tax rate have been a* follow s:
....... $362.088.... ....... .
Population in 1880 was.....20,638
P tra a n a l Total A m 'd
*
Rate o f tax Total debt (last returns).$362,088 Debt per capita 1890.....*..$14*90
tceut t,»ia ie .
p ro p e rly .
' at n a tio n .
p e r 1,000.
1 *9 2 ............................................................. $18,017,778
........
1*’ M................................................................
45.32tt.583
........
S O C O R R O C O . — E. L . B kowne , Treasurer.
............
45.ltttt.84S $11-15
County seat ia Socorro.
1*S’J ......................
4li.041.010
.......
LO A N S —
When 2>ue. |Sinking fn®3 assets*...,.
$5,700
1«HS....................................
45.890,723
........
C uhrknt E xpense B o n d s :
|Tax valuation 1892......3,519,269
1*87.......................................................
15,482,459
6s. J&J, $6,000......... July 1, 1919 |Tax valuation, re a l........1,053,381
la s t).........................*4.788,764 *6,574.642
11.383.406
........
Subject to call after July 1,1899 Tax valuation, personal.2,855,576
F undin'!, B u n d s :
Total valuation 1891.-...3,908,957
P O P U L A T IO N O F T E R R IT O R Y .—Though New Mexico has not
6s, Jan. $103,500.......Jan, 1. 1904 State tax (per $ 1.00 0 )........$9”15
yet bo-n constituted a State, it has a larger population at the present
Subject to call after Jan. 2,1894 ( bounty tax (per $1,001). .. .. . 8*25
time than several o f the newly-settled Fur Western States, mid with the 6s, J&J. $48.700....... July 1, 1919 Average school ta x .............. 2*00
Subject to call after July 1. 1899 Population in 1890 was....... 9.595
•1 o f extensive irrigating works and the development of the Territory’s
<1
mineral wealth, number* are W hig steadily added to. New Mexico Total debt Feb. 1. 1893.. $158,200 Population in 1880 w a s......7,875
IN T E R E S T is payable in New York City.
erlgtnaily tnoluded what I* now the Territory o f Arizona, but In 1863
till* latter, forming one o f the counties o f New Me lea, was detached
and given a separate government. Deducting from the aggregate o f V A L E N C I A C O U N T Y . — G. C h a e e z , Treas.
County seat is Las Lunas.
population in 1860 the com ber o f jicreons resident within Arizona
Bonded debt Feb. 1, ’93
$84,000 I Assessment about 35 p. c* aetuaL
an iiii*m st tlmt time were 87.034. lu the decade to 1870 the addition Planting debt..............
32.1)00 Total tax (> « r $1,000)....... $31-00
was small, m that the Census o f that year reported a total of only 91.- Total debt Feb- 1,1803.
106.000 Population ill 1890 was...... 13,87*
674. In l i t next decade, however, there was an increase to 119,585 T ax valuation 1893___ 2,138,096 ] Populatiou m 1880 was...... 13,09S
and by 1890 the aggregate had risen to 153,593.
Shoo. ............. 153.593 | 1870............... 91.87411850...... ........ 61,547
18HO ............. I I 9A63 | 1880............ *87,034 |
* Not Including population o f Arizona Territory, then forming part of
New Me xivo, but subsequently detached and organized a « a separate
Territory.
In l *80-70 Increase was 4.810, or 5 per cent: in 1870-80, 27,091,
m 30-14 per c en t; lu 1880-90,34.028. or 28-40 per cent.
Arizona Territory.
IT8
D E B T , RESOURCES, E tc .
BANKS— S T A T E . N A T IO N A L A N D S A V IN G S IN S T IT U T IO N S .
—Tlie Territory o f New Mexico possesses quite a fair amount o f bank Organized an a Territory (Act. Feb 34, 1833) - Feb. $4, 1883
D 3,020
ing capital, tlic aggregate for the 11 national banks located there being Total area of Territory (square miles)
nearly a million dollars. These I I banks lu December last held a little Territorial C a p i t a l ...............................................Fhceois
less than 2% million dollars deposit*.
Governor (term expires with nal’l adm’n) Nathan 0. Murphy
-1892.------------ ,
.------------1885.'
S'cretarv (urru four years) Nathan A . Morford
AubVuufh
Is teal.
Local.
Rational.
(Dee, 24.)
ltK W M t p c a
(D re. tt,,92.) (J u w 3<Vi>2.)
Treasurer
— IVilliam Christy
ft", o f bank*....
14
4
8
Legislature meets biennially in odd years thesecond Monday
$700,000
C apital.............. *025,000
*145,000
227,408
flaryda* A profit*.
290.282
13.483
in Febiuary, and sessions are limi ed to 63 days.
1.718.012
Drp*Mlt*.Individ.
2.i57,l<>4
372,752
Tlie Omiptenller o f the Currency, in hi* annual volume for 1892. re
Last year arrangements were perfected through an act of
port*’,! two savings bank la the Territory, having $30,000 capital. $11,- Congress to fund all the municipal indebtedness of this Terri
8 2 » surplus aw l pronts, sud holding $149,440 Having* depoull* In July tory at ltv*- pe.r cent, and ns fast as any portion o f the debt matures it
1892.
will In; replaced liy a live per cent loan. Twenty-fifty year bonds to the
amount of $1,500,000, bearing interest at the above mentioned rate,
have already been issued by the Territory for taking up county war*
C it ie s , Co u n t ie s
and
T
owns
13 TUB
*
T E R R IT O R Y
B E R N A L ILLO
LO ANS-
OF
NEW
M E X IC O .
CO. — County scat is Albuquerque.
When Due. I Total debt (last return*). $204,942
Chirr* T ) ! it,,, i
diou 1892....... 5.454.633
».
*
...
—— — j FoptttiitIfH) in I BOO wiw...... 20,913
—
IhvaU.ugdefjt.. ............
#1,542 \A'oyuiation in I860 was. ....17j225
*nt" LOANS—
- Interest.—. .--------- Prin cipal. ----——
—
.
namf AttO PURPOSE.
Ct. Payable. When Due.
(J.
F i f i n g Bonded
. . .... 1888 <j
Jan Jan 15.1913 $150^00
du
do ................1803 5
J&J
1943
500,000
Subject to call after 1913.
n r n Bridge bonds............1885 8
May May 15,1900
15,000
Lisane Asylum bonds,.... 188o 7
Jan. July 1,1905
100,000
Subject to call July 2. 189o.
Prison bonds................... 1879 10
Mch, Moll, 1,1894
15,000
tlo
.................... 1880 30
Mch. Mch. 1 ,1 89n
15,000
Redemption bonds........1 * * 6 7
---Jane 1,1903
189,000
Subject to call at any tune.
Vol. LVI
STT t / 1 X CITY SW i£ M £ T)T,
n
VMJ
140
LOANS—
■
—
In te r e s t .—
- P r in c ip a l
C O C O N IN O
C O . — A. T. C o r n i s b y , Treasurer.
When tine. Outstand'g.
County seat is Flagstaff. The bonds are being refunded at 5 per cent,
Jan. 1, 1907
25,000
1, 1897.
to run 50 years.
Apr.
1,1894
40,000
When Due. T ax valuation 1892___ $2,450,000
LO AN SAug.
1,1894
10.000
C
Assessment about, n, aotual value.
M ay
1,1896
10,000 78, o u x t y B onds Jan., $152,975.................. 1901 State ta x (per $1,000) ......... $8-00
Nov. 1, 1900
12,000
(i,n due y ea rly )...............to 1910 County tax (per $1,000)........ 16-50
Interest payable at Prescott.
Average school ta x ............... 5-00
INTE R E S T is payable in gold at the offleeof the Territorial Treasurer
Total debt Feb. 1,1893..$152,975
T O T A L DEBT, Et c —The total bonded debt Feb. 1, 1893, was
T A X FR EE .—A ll o f the county’ s bonds are exempt from taxation.
$349,000; lloating debt, $125,000; total territorial debt, $474,000.
N A M E AND P UR P OSE
P. C'L P a y a b le .
University bonds.............1887 7
Jan.
Subject to call July
Wagon road bonds...........1879 10
Apr.
........... 1879 10
Aug.
do do
do do
............188110
M ay
Wagon road and bridge... 1885 8
Nov.
T A X FREE.—The bonds issued by Arizona are exempt from taxation.
ASSESSED V A LU A TIO N .—The T erritory’s assessed valuation
and ta x rate Lave been as fo llo w s :
G R A H A M C O . — County seat is SolomonsviUe.
Total debt July 1,1892.. $210,466 |Population in 1890 w as....... 5,670
T ax valuation 1891....... 1,654,408 |
Real
Personal
Total Assessed Tax p er
C O . — R . L. R o s s o n , Treasurer.
$1,000. M A R I C O P A
Tears.
Estate.
Property.
i alualion.
$32-27
County seat is Phoenix.
1891..................... $ ................
$ ..............
$27,923,162
3 00
28,050,000
1890................................................................
LOANS—
When Due. T ax valuation 189 1 ___ $6,238,325
1880..................... 3,922,961
5,347,253
9,270,214
........
Co u n t y B o n d s :
Population in 1890 was___ 10,989
8
The entireindebteduess o f Arizona—Territorial, county and m unicipal — , ....... , $264.000......................... Population in 1880 was___ 5,686
-chool bonds, 7s, $23,000............. Debt per capita 1890......
$25*85
—on July 1,1892, was approximately as follow s:
Total debt July 1, 1892. $323,817
Territorial (bonded and floating including interest).............
$860,830
County (bonded and floating including in te re s t).................. 2,305,0'5
Municipal (bonded and floating including interest).............
C O . — J o h n K . M a c k e n z i e , Treas.
188,811 M O H A V E
County seat is Kingman.
T otal................................................................................... $3,354,726
LOANS—
When Due. Total debt Feb. 1,1893.. $105,00#
Co u n t y B onds —
T ax valuation 1891....... 1,070,380
P O P U L A T IO N OF T E R R IT O R Y .—Population in Arizona Las not
5s,
$105,000.......... June, 1940 Population in 1890 w as....... 1,444
as yet reached large proportions. The total, according to the Federal
IN T E R E S T is payable at Phoenix or at N ew York.
Census of 1890, was 59,620, which compares with 40,440 in 1880 and
9,658 in 1870. Irrigatin g works in the Territory are proving of great
* D u r T T ,'f\ jT 'V '
SJOSEPH CA M PB E LL, Mayor.
advantage, and the mineral resources o f the Territory are also being “ n L L i N 1 A ' — ( E. J. BENN1TT, Treasurer.
Phoenix is situated in Maricopa County.
developed (copper being a notable illustration), so that population must
Bonded debt Jan. 1, 1893. .$40,000 T ax valuation 1892.......$1,825,750
eontinue to grow.
Floating d e b t.................... 12,000
1890....... 59,620 11880....... 40,440 |1870......... 9,658 |1860........ *6,482 Total debt Jan. 1,1893___ 52,000 City tax (per $1,000).............$8*60
Population in 1890 was........3,152
* This was population when Arizona was simply a county of New
Mexico.
P I M A C O U N T Y . — B e n j . H e n e y , Treasurer.
In 1860-70 inorease was 3,176, or 49 per c en t; in 1870-80 30,782 or
County seat is Tucson.
318-72 per cent, and in 1880-90 19,180, or 47-43 per cent.
LOANS—
When Due. Sinking fund assets........ $79,507
F u n d in g a n d R e f u n d in g :
N et debt Mar. 1, 1892.... 273,540
B A N K S -S T A T E , N A T IO N A L AND SAVINGS IN S TITU TIO N S.
7s. Jan., $250,000...June 30. 1897 Tax valuation 1891....... 4,099,165
—There are four national banks and live local banks in the Territory o f
($25,000 y ’rly) to June 30,1906. State ta x (per $1.000)...
$7-10
Arizona, and a summary of eaoh class is furnished in the following, Bonded debt Mar. 1,1892. $250,000 County tax (per $1,000).
21-80
the figures foT the local banks being taken from the annual volume Floating debt................. 103,047 Population 1890 was.......... 12,673
Total debt...................... 353,047 Population 1880 was.......... 17,006
o f the Comptroller o f the Currency:
IN T E R E S T is payable at First National Bank, N ew Y ork City.
,---------- 1892.---------- .
,-----— 1885.---------- National.
Local.
National.
Local.
T A X FR E E .—The bonds issued by Pim a County are exempt from
A r iz o n a .
(Dec. 9 ’92.) (June 30 ’92.) (Dec. 24.)
taxation.
Number of banks.........
4
5
None.
Capital........................... $300,000
$281,064
..................................
Surplus and profits....... 107,132
60,613
.................................. P I N A L C O U N T Y . — County seat is Florence.
Deposits, individual___ 603,532
298,654
...................................
Total debt July 1,1892.. $164,562 I Population in 1890 w as.......4,251
A few years ago, it w ill be observed, there were no national banks at T ax valuation 1691....... 1,731,630 |Population in 1880 was....... 3,044
a ll in Arizona.
P R E S C O T T .— Prescott is situated in Yavapai County.
Total debt July 1,1892.. $89,110 I Population in 1890 was....... 1,759
T ax valuation 1891........1,000,000 |Population in 1880 w as........ 1,830
C i t ie s , C o u n t ie s
and
T
owns
IN T I IE
T U C S O N .— F
r e d e r ic k
TERRITORY OF ARIZONA.
LOANS —
W?icn Due.
Cit y H \l l , J a il , E tc ., B onds 96, MAS, $16,000.......Mar. 1, 1893
A P A C H E C O U N T Y . — County seat is St. John’s.
F u n d ing F l o at in g D kht—
Ti7i.en Hue. Total debt July 1,1892. $152,632 8s, J AD, $12,000...... June 1, 1903
LO ANSInterest, is payable at Tucson.
T ax valuation in 1891.. .2,220,262
Co u n t y B o n d s :
Population in 1890 was........4,281 Total debt July 1, 1892. $31,224
- s ........... $108,000____
Population in 1880 w as....... 5,283
Floatin g debt, $47,000.
Real estate is assessed at “ about
C O C H IS E
C O . — M. D. S c r i b n e r , Treasurer.
County seat is Tombstone.
LOANS—
W h en D u e .
Co u n t y B onds —
7s, Jan. 15, $127,000.Jan.l5,1897
($12,700 yearly) to Jan.15,1906
7s, Jan. 15, $68,000.. 1899 to 1908
Bi
#
($6,800 yearly)
Interest payable in Tombstone.
M
a is h
,
Mayor.
This city is the county seat o f Pim a County.
T ax valutiou, re a l......... $846,295
T ax valuation, personal. 421,288
T otal valuation 1891.... 1,267,583
Territorial tax (per $1,000).. $8*05
County tax (per $1,000)........ 20*95
City tax (per $1,000).............10*00
Population in 1890 was........5,150
two-thirds its actual value/
Y A V A P A I C O U N T Y .—
LO ANS-
Co u n t y B onds —
..s ,....... , $381,560.
When Due.
County seat is Prescott.
Total debt July 1, 1892, $381,560
T ax valuation 1891---- 3,814,684
Population in 1890 w as....... 8,685
Bonded debt Feb. 1893.. $195,000
A ll bonds are exempt from taxa’n.
T ax valuation 1891........ 3,021,439
Assessor lit is about ^ actual value. Y U M A C O U N T Y . — County seat is Yuma,
Total tax per $L,000,1892
33*00
Total tax per $1,000,1891
35*00 Total debt July 1, 1892.. $171,731 I Population in 1890 was....... 2,671
Population iu 1890 w as........6,938 T ax valuation 1891....... 1,057,134 | Population in 1880 w as.......3,215
141
Debts
and
Resources
O P
S ta tes , Q ities and T owns
X3ST
T J E IE J
PACIFIC STATES.
IN D E X
FOR
TH E
P A C IF IC
STATESi
CITIES,
Etc.
C A L IF O R N I A —State Citii-. A c . ............... Pages 141 to H o | W ASH IN G TO N —State, Cities, & c.............. Pages 147 to 149
OREGON—S ate. Cities. At ......................... Pages 146 to 147 | N E V A D A —State, Cities, &c........................ Pages 149 to 150
State of California.
IT S
4, 1861, called line officers' relief bonds. The total funded debt o f the
State Juno 30,1879, was reported at $3,403,000. The details o f the
outstanding bonds on July 1,1892, are given below. H ow tllisd eb t is
held w ill be found stated subsequently.
LOANS—
— .Interest.— . c--------- Principal.--------- ,
N M A D PU PO E
A E N
R S.
P. Gt. Payable.
When Sue.
Outstand'g
Funded debt bonds, 1373....... 6
J & J July 1, 1893 $2,528,500
Civil bonds of 1857.............. Interest ceased.
4,500
Do
1860................
do
do
500
......
I
PAR V A L U E O F BONDS.—The bonds are for $500 and $1,000.
Admitted m ft State t Act of Sept, 9, 1850)
Sept. 9, 1850 | IN T E R E S T , W H E R E P A Y A B L E .-In te re s t is payable at the oiiics
Total area o f State Gqtwre miles)
154,860 j o f the State Treasurer in Sacramento.
T O T A L D E B T.—The total bonded debt o f the State on J u lyl,1 89 2,
State C a p i t a ! ............................................... Sacramento j
Governor (term ex. 1st Mon. aft. Jan. 1, *95), H. H. Markham was $2,533,500; floating debt, $228,643; cash on hand, $3,251,474, the
latter item including gold coin, $3,199,545; silver coin, $26,635; U. S.
Sec. of State (term ex. 1st Hon. aft. Jan. 1. '95), E. G. Waite legal tenders, $25,294. In 1888 the total bonded debt was $2,703,500;
Treasurer (term ex. 1st Mon. aft. Jan. 1, ’95), J. R. McDonald In 1880 it was $2,953,500.
The interest-bearing debt, at present .$2,528,500, is held as follo w s:
Corapt1
oiler (term ex. 1st Mon. aft Jan. 1, 1893), E P. Colgan
Legislature meets biennially in odd year* on the first Monday In private hands.................................................................... $251,000
In trust for the State School Fund (bonds)............................ 1,526,500
after January 1, aotl - *ion»are notiimited, though memIn trust for the Uni versity Fund (bonds)...............................
751,000
t e n can draw pay for only 60 days.
ASSESSED V A L U A T IO N .—The following statement shows the total
assessed valuation of real and personal property lit the State of CaliH IS T O R Y O F D E B T. By Article V f!l. nf the Constitution o f 1819,
fornm and the tax rate (per $1,000) fo r the years Indicated.
i‘allforulQ provided tbut no Mtate debt or liability should be created
Tax rate. Tears.
V a lu a tion . Tax r a t e .
Valuation.
Years.
nglT or la tin- aggregate should exceed the sara o f $300,000. 1891-..* $1,211,231,105. ....$ 4 '4 6 1882...... .$608,642,036. — $5*9 6
except Is re..,, o f wsr, litva-ini'i or insnm-riion. unless tho same be 1890.... 1,089,722,901 . ... 5-80 1881...... 659,835,762. ...... 6*5 5
. ... 7-22 1880...... 666,399,985. . .... 6*40
authorized by Some law for a -Ingle ..perilled object which shall pro- 1889.... X,113.550.979- . .. . 5'04 1875...... 618,083,315. .... 6-05
1888.... 1,107,952.700.
rtdr ways and meant of payment. Ac., amt even then the law shall not 1887....
056,740,805.
6-08 1870...... 277,538,134. .... 8-65
816,446,700. . ... 5-60 1865...... 183,534,312. ....1 1 1 5
lake effect until It ha- be. e submitted to the people and has received a I 1886--859.512,384. . ... 5-44 I8 6 0 ..... 148,193,540. .... 6 00
1885---majority of all u»o vote* •,**t.
821,078,767. . ... 4*52 1855...... 103,887,193. .... 6 00
1884---These rewtrteUoc, a* to creating debt -ueto not to have been complied I 1883---57,670,689. ___ 5 0 0
765,729,430. . ... 4-97 1850......
with In the year* prior to 1835, the year when the Government w as]
DEBT L IM IT A T IO N . —We have referred above to the limitation
overthrown by the Committee o f Safety. On the contrary, from 18S1 j flxml In the Constitution of California with reference to the creation o f
» 1935 dnbtvrat created. both floating ami bonded debt, until the total State debt. Municipal indebtedness is also carefully regulated In the
amounted to several million dollars. In 1836 the Supreme Court, In an same instrument. The section which relates to the bonding of counties,
action brought before it to enforce payment of some of these Issues, de cities, towns, etc., lias been amended this year, the amendment having
clared that all Uin *urplu- w o f Sndebtedne o over the three hundred been adopted February 25,1891. Nothing in explanation of the prothousand dollar lim it fixed by the above cited article of the Constitu- vi -ions needs to be said, as the sections of the Constitution treating of
don v w null and void. Thereupon in April 1857 the Legislature, this subject are all very plain and comprehensive.
after an official estimate o f the outstanding indebtedness against the ; Aimer.K. 16, Section 1. (S la te ind eb ted ness.) The Legislature shall
state, passed » law calling In the i«»ue* nnder the various acts passed not, to any manner create any debt or debts, liability or liabilities,
which shall, singly or la th e aggregate with any previous debts or lia
\n 1831, 1838,18.53, J9 5 3 and «s56. and authorizing $3,900,000 bonds bilities, exceed tin; sum of three hundred thousand dollars, except in
for the pu ri«s6 0 f exchanging the old issues for the uew. This law o j case of war to repel invasion or suppress insurrection, unless the same
1957 w m Intended to meet all legal claims against the State, ft was Shan be authorized by law for some single object or work to be distintly
specified therein, which law shall provide ways and means, exclusive
four, J, however, that the amount outstanding w a. somewhat In excess of loans, for the payment of the interest of such debt or liability as it
o f the fwtlir.ate. and on Apr)! 30, I860, another act was passed author- falls due, ami also to pay and discharge the principal of such debt or
: ring an additional issue of $200,000. A statement o f the debt made In liability within twenty years of the time o tth e contracting thereof,
and shall be irrepealablo until the principal and interest thereon shall
t w o gave the total at $1,013.193 83, but that included $143,483 63 be paid and discharged; butno such law shall take effect until, at a
who!-, bad boon prose,-,te i and allowed, but for which refunding bonds "cncrul flection, it shall t o r e been submitted to the people and ahall have
■
- ,;as i f- f aud agui nst i t at such elec
>
had not been provided until the passage o f the Act o f 1860.
tion; and nil moneys raised by authority o f sueh law shall be applied
For the pwcpoie of paying these refitUdlhg bonds a sinking fund was only to the specific object therein stated, or to the payment o f the debt
provided in the act authorizing the* bonds by the levy of a tax. of 30 thereby created, and sach law shall be published in at least one nev.-sna per in each county, or
vents on every $100 o f se-sewd value o f real and personal property in throughout Urn State, forcity and county, if one be published therein,
three months next preceding the election at
She stabs, together with " a l l moneys that may be received by the- which it is submitted to the people. The Legislature may at any time
• mate of California from the United States Government, on account o f after the approval of such law by the people, if no debt shall have been
" the .evil
7",.,.., previsions proved to lie. more than ample to contracted in pursuance thereof, repeal the same.
\ u n cu t 1 . Section 13. (Slate notta loan its credit die.) The State shall
3
pay Use Whole amount Of these obligation* within tho twenty years „n| in any manner. loan its credit, nor shall it subscribe to or be inter
when the bonds fell dm- as* their terms, a portion o f the bonds having ced'd in the stock of any company, association or corporation,
VRTict.B 4, Section 31. (Legislature prohibited from loaning credit,
seen bought In the open market previously, tho law having authorized ,fr.. Of Stale, city, county. Ac.) The i egislature shall have no power to
the Treasurer to expend the sinking fund In that manner so long as ho ■,\, or to lend, or to authorize the giving or lending of, the credit ot tue
State, or of any county, city and county, city, township or other politi
-onid purchase the bonds at par.
The only other important debt obligations the "in to has put out were cal corporation or sub-division of the State now existing, or that may
1.1, h<-realtor established, iu aid of or to any person, association or cor
as-led during our C ivil Wnr. The dates aud amounts of these issues poration. whether municipal or otherwise, or to pledge the credit thereof
were Aprii t, 1963, for $2,000,000, called the soldier bounty bond*; m any manner whatever for the payment of the liabilities of any indi
April 2 7,1863, for $600,000, culled the •oldlers’ relief bonds; and April vidual, association, municipal or other corporation whatever; nor shall
DEBT, RESOURCES, Etc.
142
STATE AW CITY SUm EM ENT,
It have power tonmkeany gift, or authorize the making of any g ift.o r any
public money ortliillioif value to an v individual. municipal on»ther corn*,
ration whatever: provided, that nothing in thin section shall prevent the
Legislature granting aid pursuant to section twenly-ttro of this article;
•nd it shall not have power to authorize the Btate or any political sub
division thereof to subscribe for stock or to become a stockholder in
any corporation whatever.
The exception provided In section 22 o f article 4 (referred to in the
last clause o f the above) permits merely the grautiug o f aid by the State
and by cities. &c., to institutions for the support and maintenance o f
minor orphans, or half-orphans, or abandoned children, or aged persons
In indigent circumstances.
Amendment adopted Febrnat'y 25, 1891. Article 11, section 18.—
(Counties, cities and toivns etc. debt restrictions.) No county, city,
town, township, board o f education, or school district shall incur any
indebtedness or liability, in any manner, or for any purpose, exceeding
in any year the income and revenue provided for it for such year, with
out the assent of two-thirds of the qualified electors thereof voting at
an election to be held for that purpose, nor unless, before or at the
time o f incurring such indebtedness, provision shall lie made for the
collection o f an annual tax sufficient to pay the interest on such in
debtedness as it falls due, and also provision to constitute a sinking
fund for the payment of the principal thereof on or before maturity,
which shall not exceed forty years from the time o f contracting the
same. Any indebtedness or liability incurred contrary to this provi
sion shall be void.
The last section given above (article 11, section 18) was, as stated,
adopted as an amendment February 25, 1891. The amended section is
simply a repetition o f the old section as it previously stood down to
and including the words •* as it fa lls due.” Beginning with those words
the old section read as follows—** as it fa lls due. and also to constitute a
“ sulking fund for the payment of the principal thereof within twenty
“ years from the time of contracting the same. Any indebtedness or
Mliability incurred contrary to this provision shall be void.” It will be
noticed that the important change consists in making the words wliich
were “ twenty years” before now “ fo rty years.”
P O PU LA TIO N OF STATE . —California retains the foremost posi
tion among the states of the Pacific which it has always held, and its
population has steadily and Largely increased during the whole of the
forty years or more since its admission into the Union. The State had
been a Mexican possession up to 1846. when an independent govern
ment was set up. A fte r the war between the United Btates and Mexico
it was definitely ceded to the United States in 1848 by the Treaty of
Guadalupe Hidalgo. Efforts were then made to get Congress to pro
vide for the establishment o f a Territorial government, but these did not
succeed. In 1850. however, Congress passed an act admitting the
State into the Union. The Census of that year showed a population of
less than one hundred thousand—92,597. By 1860 the number had
been increased to 379,994. Of course the gold discoveries exercised a
great influence in swelling the population during this period, but the
growth has not been interrupted at any time since then. B y 1870
the aggregate had risen to 560,247, and in the two following decades
the addition was about a third o f a million in each, the 1890 Census
■howing a total population o f nearly 1 ^ millions— 1,208,130.
1890............ 1,208.130 I 1870........... 560,247 I1850..........
92,597
1 88 0 ..........
864,694 | 1860........... 379,994 |
In 1860-70 increase was 180.253, or 47*44per cent; in 1870-80
304.447, or 54*34 per cent; and in 1880-90 343,436, or 39*72 per cent.
The number o f Chinese in the population was 71,681 in 1890 and
75,132 in 1880.
B A N K S -S T A T E , N A T IO N A L AND S W IN G S IN S TIT U T IO N S .
—Bank capital and bank operations are, o f course, very large in Cali
fornia. While the national banks keep increasing, the State banks in
number and extent greatly overshadow them. Counting the five for
eign banks doing business in the State, which had 16 millions capital
from their head offices and about
millions of deposits, there are
a’ together 168 State commercial banks, with a capital o f 4(»1 million
4
dollars and deposits o f 5 7 ^ million dollars. The national banks, on the
other hand, numbered only 36 December 1892, and had only
8 million dollars capital and 17H millions deposits.
There
are now very few private banking concerns o f any magnitude in the
Btate. Altogether there were, January 3, 1893, 17 private banks,
▼ th only $1,558,073 capital, $303,641 surplus aud $1,373,564
deposits.
.-----;— 1892-93.----------v ------------- 1885.-----------National.
State.*
National.
State.
Ca l if o r n ia .
(Dec.9, ’ 92.) (Jan. 1, *93.) (Dec. 24.)
(July 1.)
N imber of banks...
36
168
17
73
Capital................... $8,175,000 $46,237,625 $3,850,000 $27,672,611
Surplus and profits. 3.581,828
18,297,277
1,323,642
9,650,975
Denosits, individ’l.. 17,261,209 57,510,849
8,291.481 33,286,788
* Figures include accounts of 5 foreign banks, having $15,895,479
capital, or rather owing that much to head offices, $271,614 reserve,
aud $. .7^9,82. deposits.
Savings deposits have increased wonderfully in recent years, indicatin : great th rift aud frugality on the part of the people, and besides this
the banks are able to pay comparatively high rates of interest, which,
o f course, attracts deposits. During the last 7Lj years deposits have
more than doubled, having risen from about 59 million dollars to 1357
8
m l lion dollars. The number of depositors during the same time lias
in -ceased from about 82,000 to 176,160, aud the number o f banks from
21 to 57. The State has long enjoyed the distinction o f showing larger
accounts than any other State iu the Union. For January 1893 the
average of each deposit stands at $771, which is about double tin*
average in the 8tate o f New York. The California savings banks are
stock banks, with tw o exceptions, the aggregate capital being over
eight, million dollars. Of the tw o mutual banks one—the Hibernia
Barings & Loan Society o f San Francisco—is a very large bank, and
Jam ary 1, 1893, had $28,656,217 deposits (out o f $135,877,03 >
deposits held by all the savings hanks of the State) and $2,101,905
surplus (out of $4,635,450 by all banks).
1893.
1885.
1880.
1875.
Surlily* Banks.
(Jan. 1.)
(July 1.)
(July.)
(July.)
No. o f banks..........
57
21
20
25
No. o f depositors...
176,160
82,000
*58,997
91,933
Amt. of deposits...$135,877,036 $58,943,903 $47,719,829 $72,569,103
Surplus and profits.
4,635,450
2,521,590
2,199,852 6,236,367
> v>ge e«<di deposit.
771
719
808
789
* Estimated.
Vol. LVI
Adding the capital o f the savings banks to the capital o f the coinmer*
cial banks (national. State and private), the total banking capital o f the
State is found to be over 64 million dollars. Aggregate deposits for
all the institutions exceed 212 million dollars.
Cities , C ounties
and
T ow ns
IN THE
STATE OF CALIFORNIA.
Many o f the counties in this State levy a special tax on property out*
side incorporated cities and towns for making, repairing and sprinU
ling of roads, au l the tax rate as given below un ler these counties U
made up o f the State tax rate aud the county ta x rate including special
road tax.
A L A M E D A . — J as . B. B a r b e e , Treasurer.
This city is in Alameda County.
LOANS—
When Due.
S'-AVER C i t y B o n d s 1893—
5s, F&A. $59.000..... 1891 to 1905
5s, A&O, $45,00n Apr. ’ 94 to 1907 Interest i-* payable in Alame* a.
(About $3,250 due yearly)
T< tal debt Jan. 1, ’93.
$215,250
C it y H a l l —
Sinking f nd..............
32,000
5s, March. $25,000. .1890 to 1910 Net deld Jan. 1. 1893.
383,250
E l e c t r ic L ig h t P l a n t —
Tax valuation, real,... 10,809,545
5s, March, $25,000... 1890 to 1910 Tax valuation, pels’ !..
831,175
F i r D e i *A t m k n t —
Total valuation 1892 11,640,720
5s. March. $35,000... 1890 to 1910 8 ate & Co. tax (per$l,000). $8*50
City ta x (. er $1,000).......... 11 *50
School—
8s, J&J, $10,000......... ........., 1894 Population in 1890 was...... 11,165
6s, J&J, $18,000......... ........ , 1898 Population in 1880 was...... 5,708
5s, March, $50,000... 1890 to 1910
A LA M E D A
C O . — G eo . C h a se , Treasurer.
County seat is Oakland.
When Due.
LOANS—
B u ild ing B onds —
8s. .TA’ , 20.000.........Jan. 1,1894
Interest payable at county treas’y.
Bonded debt Jail. 15/93.
$20,000
Floatimr d e b t ..............
12.607
Total debt Jan. 15. ’93.
32.607
< ash assets...................
165,003
T ax valuation, real...... 81,296,271
I Tax valuation, person’ l. $7,710,770
i T a x v a lu a tio n . H R s........ 1 ,9 9 3 ,8 5 0
Total valuation 1892.. .91,000,897
Assessment is
actual value.
State tax (per $1.000)........... $4*34
County tax (per $1.000)....... 3*66
Population in 1*90 was...... 93,864
Population in 1880 was.___ 62,97(1
A LE SS A N D R O
IR R IG A T IO N
D IS
T R I C T . — W m. H a l l . 0<>’ . Ci v i l E ' giuetr.
This district is in San Bernardino and San Diego counties.
Bonded debt Sept. 1, ’91 ..$765,000 |T ax valuation 1891___$2,436,036
C O . — R. D e L a n c ie , Treasurer.
County seat is Oroville.
LOANS—
When Due. I T ax valuation,real___ $14,806,099
R efu n d in g B onds—
I Tax valuation, person’ l 2.442,677
5s, M&S. $51,000................ 1900 ITax valuationrailr’ds..
856,198
Subject to call at any time.
Total valuation 3892 .. 18,104,974
Total debt Sept. 26,’ 92.
$52,250 IState tax (p er$ l,0 0 0 )............. $4*34
Cash on ban d .............
39,so* I< <
unity tax (per $1.000)......... 9*66
N et debt Sept. 26, ’92.
12,442 |
Population in 1890 was....... 17,939
B U TTE
C A L A V E R A S
C O . — W. H. Steepler , Treas.
County seat is San Andreas.
LOANS—
When Due.
B onds of 1868—
8s. J&J, $17,600................... 1895
Interest payable in San Andreas.
Bond’d debt Sept.26/92
$17,600
T ax valuation,prrson’l $806,015
Tax valuation, railroad
84.618
T tal valuation 1892.. 4,256.898
State tax (per $1,000)........... $4*34
County tax (per $1,000)........ 13*16
Floating debt.............
10,454 Population 1890 was.............8.88‘J
Total debt Sept. 26, ’92
28.054 Population 1880 w as........... 9,09*J
T ax valuation, re a l.... 3,366,265
E L D O RAD O
C O . — J. D. Sk in n e r , Treas.
County seat is Placerville.
LOANS—
When Due.
Co u n t y B onds —
5s. .t a d . $157,000...June 1, 1907
Total debt Sept. 26, ’92. $157.000
Tax valuation, real...... 2,871.355
T ax valuation, person’l.
744,957
T ax val nation .railroads $244,543
Total valuation 1892...$3,860,855
State tax (per $1,(Ha ) ........... $4*34
County tax (per $1.000)........ 15*66
Population in 1890 was...... 9.23*3
Population in 1880 was.___10,683
F R E S N O . — TV. B. D e n n e t t , City Clerk,
This is the county seat of Fresno County.
Sew er—
LOANS —
When Due.
F ir e D e r a il m e n t —
5s, Dec., $75,000....... Dee. 3. 1893
5s, Aug., $10,000....... Aug. 1, 1893
($5,000 yearly) to Dec. 3, 1907
($625 yearly) to Aug. 1,1908 Interest is payable in Fresno.
Overflow —
Total debt Jan. 1, 1893. $135,000
5s, Aug., $10,000....... Aug. 1, 1893 S in k in g f u n d .....................
3 5,931
($625 yearly) to Aug. 1, 1908 Net debt Jan 1. 1893..
119.060
Sc h o o l —
Tax valuation, real...... 6,052.641
5s, Aug., *40,000....... Aug, 1, 1893 Tax valuation, personal 2,561,134
($2,500 yearly) to Aug. 1, 1908 Total valuation 1892... 8,613.775
5s, Aug.. $50,000..... tAug. 1, 1802 Population in 1890 was...... 10,818
($2,500 yearly) to Aug. 1. 1911
The bonds o f this oity are all payable in gold.
t The school bonds
marked thus (t) in the above table were sold to Messrs. Hayes & Sons
and aftoi wards declared illegal and the money ordered returned.
Real estate is assessed at “ about Lj its actual value.”
FRE SN O
C O . — T. P. N
elson ,
Treasurer.
County seat is Fresno.
LOANS—
When Due.
R oad & B r id g e B onds —
7s, J&J, $5,000....................1898
7s. J&J,
7,500.....................1899
7s. J&J,
2,500.....................1900
B ridge B onds —
6s, J&J, $80.000...................1905
Total debt Sept. 26,1892..$95.000
T ax valuation, real___$36,399,913
Tax valuation, person’l 4,519,097
Tax valuation, ra ilr’ ds. 2.515,247
Total valuation 1892...43,434,257
State tax (per $1.000)........... $1*34
County tax (per $1,000)....... 7 96
Population in 1890 w a-...... 32.026
Population in 1880 was...... 9,478
April, 1893.
CMIfOBNI/*—CITIES A 1 TOWNS,
TD
H U M B O LD T
143
C O . — H. S. T i’ r x e r , Treasurer.
M A R Y S V I L L E . — G e o . R. E c k a r t , Treasurer,
This is the county seat of Yuba County.
LOANS—
W hen D u e.
Tax valuation,real.. ..$15,167,319
Tax valuation, real..... $1,313,275
W .uHis R**a i » B o n d s —
L e v e e B onds—
Tax valuation, personal. 655,110
Tux valuation, personal 2,846,918
9 * , Jan.
1. $ 1
6.0«H ) .... 1893-1894 Total valuation 1892...18,014,237 8s, JAJ. $18,000..... April 1, 1894 Total valuation 1891 ....1,968,385
9*. Jan. I, 4 **,ooo..............1896 State tax (per $ 1 ,000) ......... $4-34
($6,000 due y’rly) to April 1, 1896 Assessment about 3-5 actual value.
9>, Jnu. 20, 10.000..............1896 Comit\ tax (per $1,000)......10*66 Bonded debt Apr. 1,1892 $22,000 Total tax (per $1,000).......$27*50
7,493 Population 1890 was......... 9,636
BomiedOebt Sep.26, 1892. $74,000 Population 1890 was.........23,469 Floating debt..............
C jv*U i »ii hand............ 22,051
Population 1880 was......... 15,512 Total debt Apr. 1, 1892 .. 29,493 1
Population 1880 was....___ 11,284
Vet debt 8ep. 26, 1892. 51,949
INTEREST payable iu Marysville.
County seat U Eureka.
s
LOANS—
ITA«h D u e .
IN Y O
C O U N TY ,
J. M o o b e , Treasurer.
C u u n tj w a t w Independence.
LOANS-
C oC N tf l i l « M —
W hen
Due. j Tax valuation, real...... $925,552
7«. J4-J, ffie.741.................. l!'0d
Soud-d drl.t oit. 1,1802..$GG,741
Elcatlng debt...... .......... *1.1*9
Tidal debt...................... 7(>,8dO
In Iren.ury............. 26,6118
Net debt Oct. 1, 1892....... 41,162
C O . — D. M. G i b s o n , Treasurer.
County seat is Ukiah.
W hen
LOANS-
D ue.
B it il d in g B o n d s —
Tax valuation, personal. 459,297
Tax valuation, railroads. 158,683 6 s, JAD, $20,000............... 1902
Co u n t v Bo n d s —
Total valuation 1892___ 1,543,532
state tax (per 1,000)............ $4*34 Is, JAJ, $68,000...... Jan. 1, 1901
R Ah B o n d s —
County tax (per $1,000)......15*66
Population in 1890 was...... 3,544 8s, Jan. 1, $11,500... Jan. 1, 1897
Population in 1880 was...... 2,928 Ns, June 1. 12.500 .Tan. 1, 1894
total debt Feb. 1,1893. $112,000
K E R N A N D T U L A R E
IR R IG A T IO N
D I S T R I C T . — iJ. Sc h w a r t z , J r ., Treas.
This district, comprising 84,000 acres of land, is situated partly in
Kern and partly In Tulare County. The bonds of the district are
laaucd for the purpose of constructing a re ervoir, canals, ditches, Ao#
LOANS—
W h e n D u e . |Total debt (last returns). $700,000
I rrigation Bonds—
i Valuation, real, lHfji___1,900,000
6s, J a J, $7uo,uoo ...1902 to 1912 !
Personal property not taxed.
$70,OU0 payable each year.
|Total tax (per $1,000) is__ $14*50
INTE R EST ou the above bonds Is payable at the Bank of California*
Ban PraucUoo.
L A K E
M E N D O C IN O
C O U N T Y . - ■P. G. B o o n e , Trcas.
Tax valuation, real..... $9,811.283
Tax valuation, personal 2,069,648
Tax valuation, railroads 327,126
Total valuation 1892...12,208.057
State tax (per$1,000)......... $4*34
County tax (per $1 ,000) ......10*68
Population in 1890 was..... 17,612
Population in 1880 was..... 12,800
M E R C E D C O . — R. F. B a r t l e t t , Treasurer.
County seat is Merced.
W hen
LOANS-
D ue.
Tax valuation, person*1.$1,871,126
B o n d s o k 1883—
Tax valuat’n,railroads. 1,133,388
5s, semi-ann.. $26,000......... 1903 Total valuation 1892..15,770,660
B onds o f 1887—
Assessment is 4r actual value.
,
4ios, FAA, $102.900............ 1907 State tax (per $1,000)......... $4*34
(Subject to call at any time).
County tax (per $1,000)..... 9*16
Total debt Feb. 1 1893. $128,900 Population in 1890 was.......8,085
_
Tax valuation, real_ 12,766,146 Population in 1880 was.......5,656
TA X FREE.—1he bonds of 1883 are exempt from taxation.
T
INTEREST on the bouds of 1887 is payable in Merced; bonds of
1883 bear no Interest; they are credited to suspense account and
charged to County Treasurer.
Cuunty M-ut U Lakepurt.
LOANS• C vri Bonn*—
->.
irA«n Due. Tax valuation, personal. $505,865
M D D F ^ T n
( F. H. ZANDER, Mayor.
—
\ j. R. BROUGHTON, Treasurer.
Total valuation 1892___3,821,920 lV L U U -IE -O 1
Thin city is iu Stanislaus County.
Mate tax (per $1.000)....___ $1*34
County tax (per $1,000)..... 9*16
Tax valuation, personal. $200,000
LOANS—
W hen D u e.
Average, school tux............. 2*70
W TE H WORKS AND S EW ER —
Total valuation 1892 ...1,627,000
Population in 1890 was...... 7,101 6 s, JAI >,$85,000...... Dec. 1,1893 Assessment about factual value.
($4,250 due ye’rly) to Dec. 1, 1912 Htate A co. tax (per$1,000).$11*80
• Exempt from taxation.
Total deb? Jan. 1, 1893.. $85,000 < ity tax (per $1,000)........ 4*00
Property L this county is assessed at about 60 per cent of its actual Tax valuation, real...... 1,427,000 Population in 1890 was...... 2,402
n
INTEREST is payable at Modesto or ban Francisco.
value.
#«. AJkO. 647.800...... Oct. 7.1907
Bulycct tn call at any time.
Total doat Kell. 1, l-t'.IJ. 817.890
t » x valuatiuu, real___ #3,:tlU.0j3
INTE R EST Is payable at the County Treasurer** office.
LLNDA VIST A IRRIGATION DISTRICT.—Total bouded debt (last
return*), $i,uoo,ooo.
L O S A N O F I F S __ 1HENRY T. HAZARD, Mayor.
A IN U L L L ^ .
/FREEMAN G. LEED, Clerk.
This U tiie county seat of L«*m ahkcIcm County.
M O N T E R E Y C O . — W. H a r t n e l l , Treasurer.
County seat is Balinas.
LOANS—
W hen
D ue.
B r id g e B o n d s —
5s, »eiiii-aim., $110,000........1908
Coi'k t H o u s e & J a i l B o n d s —
7s, semi-aun., $60,000....... 1903
I nternal Skwkr System. 1890— Total debt Sept. 26, *92. $170,000
5s. JAJ, $355,300.... July 1, 1891 l ax valuation, real.....14,724,182
(Part yearly)........ to July 1911
W
Aeu Our.
LOANS—
B onds o r 1881—
7*j Ja J, $ 8 .o ih i ..... July i, looi
*>
P onded ukbt 1870—
I r r i g a t i o n I m p r o v e m e n t , 1877
fs, Aug.. $76,000 __ Aug. 1, 1895 7s. A AO, $21,00 0 ..... Apr. 1, 1896
vuvDixii Bonds—
M a i n S e w e r , 1877—
6 *. Ann.. $61.000..... May 1, 1892 7a. JAJ. $17,000..... July 1,1901
(partyearly) -----to .July 1 1911
.
School I mprovement. 1889—
6 a, J *l», $320.000... Julie 1. 1912 5s. AAO, $186,000... Oct. 1, 1891
(Part yearly)....... to Oct. 1910
GENERAL I UPHOVEviext *80-7-8.
0 », JAJ, $15o.ooo..... July l, 1900 6*, ... , $ 10,000 .........................
He w e r B o n d s 1 8 9 2 Ja J. 4o.o o o _ July 1. 1907
_
t-. JvJ. 55.000.... Jmi. 1.1909 5s, MAN, $380,000 .Nov. *9310*11
($20,000 due yearly.)
GKXHMAI. IkMlO\TI«*X. *78-'80:
Ts.^-uilsu. $40,000.30 yrs.aft.dale. 5s, MAN. $15,000.... Nov. 1, 1912
INTEREST on the Itoud* of 1889 aud 189(1 Is payable iu New York*
on all other bond* at the offiee of the City Treasurer.
T O T A L DEBT.—The total funded debt on January, 1893, w
*as
$1,356,600; sluk’ng fund, $167,600; net debt. $1,191,000.
DEBT LIMITATION.—The city charter limits Its debt to the amount
af $J.ooo.ooo. exclusive of loans for water works and sewers.
ASSESSED V A LU A T IO N .-In 1992 was $15,289,747; city tax
(per $l.«0O) $10*00. Total valuation In 1891 was $45,953,704; hi
1890 n-al estate was $33,794,935; personal property, $15,525,735*
total. $49,320,670. The total tax rate (per $l,000i for 1890**91 was
$24*00, consisting of Htate and county tax, $1 2 * ,and city tax proper.
00
$12*00. In 1889 the total assessed valuation was $46,5197,101; city
tax rate proper $11*00. Property is supposed to be assessed at about
one-half Its actual value.
POPULATION (last returns) 60,000; in 1890 it was 50,395; ln
I 860 it was 11,183.
LO S A N G E LE S
Trpnw»i>r.
C O . —J. D e B arth S horb ,
Tax vnluat’n, person’l $2,2 f 2,685
Tax valuatTi, railr’ds. 1,341,922
Total valuation 1892.. 18.268,789
State tax (per $1,000)......... $4*34
County tax (per $1 ,0 « 0)...... 8*16
Population iu 1890 was.....18,637
N A P A
C O U N T Y . — C. B. A r n o l d , Treasurer.
County seat is Napa City.
LOANSWhen Due. la x valuat’n, person tl $2,814,566
Tax valuat'n. railroa is. 780.551
Co u r t H o u s e < J a il B o n d s —
fc
5s, JA J. $6.000......June 30, 1905 Total valuation 1892...14,721,017
Assessment about % actual value.
Subject to call at any time.
State tax (per $1,000)....... $4*34
F u n d in g B o n d s —
6 s. JAJ, $90,000. ...June 30, 1900 County tax (per $1,000).... 8*66
Population in 1890 was._ 16,411
_
Subject to call at any time.
Total debt s,.pt. 26,1892 $96,000 Population in 1880 was..... 13,235
Tax valuation, real.....11,125,900
INTEREST is payable at County Treasurer’s office.
r \ \ 1S T
a T T -V
V1
5MELVIN CHAPMAN, Mayor.
( J A l \ L A l N D .— $k . w. SNOW, Auditor.
Oak laud is the county-seat of Alameda County.
R e d e m p t i o n , 1882—
LOANSWhen Due.
5s, JAJ, $140,000..... Oct. 1,1895
F unded D ebt B onds , 1872—
8s, Q—J, $80.000..... Juue 18, 1903 Subject to call at any time.
S c h o o l B o n d s , 1892—
Subject to call after Juue 18,1893
5s. JAJ, $400.000... .July 15, 1893
F unded D ebt , 1874—
8 s, Q—J. $100,000 . ..June 9, 1905 ($20,OoO due y’rly to July 15, 1912
Subject lo call after Apr. 1. 1896
TOTAL DEBT.—The city’s total debt on August 1, 1892, was
$770,000; sinking fund, $51,515; net debt, $718,485. The interest on
the bouded debt for the year ending July 1,1891, was $26,750. A
special tax is levied for the redemption of each issue of this city’s
bonds.
,
.
CITY PROPERTY.—The following totals are taken from an inven
toryof real estate belonging to the city of Oakland, published In the
city Auditor's report for 1889-90 :
Real estate belonging to School Department.......................$263,250
do
do
Fire Department...........................
1*1,390
do
do
Public Parks................................. 533,000
Land occupied by Wharf................................................
50.0UQ
Comity seat is L*>s Angeles. The $100,000 of court house bonds rcoently sold brought a premium of $550.
LOANS—
ITAca D u e . I Staking fund..............
Total value of real estate belongiug to city................... $859,640
$75,392
CJi#rNTt B**Ni»a—
I Net debt Jau. 1. 1893.. 936,108
ASSESSED VALUATION.—The assessed valuation and tax rate
0«, Ja J ,$ i:i,ooo .. July 1. 1901 Tax valuation, real
73,9.53.280
8 s. J a J, 35,000 .
Jan. 1 1IRI2 Tax valuation.iiersoiml. 8.886,644 Dmr * 1 .000) have been as follows for the years indicated:
.
Tax Rate,
Vat nation.
Tax Hate. Tears.
0*. J.vJ. 76.500 .. July I. 1901 ITotal valuation, 1892..82,839,924 Veitr*.
Variation.
5 «, J*J,3oo.om>......Inly 1, 1910
As-*ea<iuei»t is 5 actual value.
_
1892_ ...$42,739,380. ...$11*00 1887.... . .$32 096,250 .... $9*50
. .. 9*80
4 *js. J .V J . 397 .0-mi . . . J it v 1, 19 1 j
State tax (p e r $1,000).**i'2'4
.
1891.... .. 42.261.531. . . 19*50 1885.... ... 29,217,050
4 4 -. .1 \ J . 190.01 s »
J ' l i 1. 1907 I C im iity tax (js*r f I.(M )9 )......... 7 76 1890___ .. 40,000,000* ... 10*50 1883,... ... 28,353,338 .... 7*80
................. 10*00 __
Total debt Jan. 1, *UJ.. *1,011,500 |Populaliou 111 1890 was----101,454 1889.... ... 35.843,979.. ... .......... t 1881.... ... 28,238,631 . . . 10*10
* Estimated.
POPULATION in 1890 was 48,682; in 1880 it was 34,555.
M A R I N C O — R T . C o m n g h a m , Treasurer
County seat is Han K afaeL
T
-3T --T A T T T M A
H WORTH,
It'Aen D u e . I Bonded debt Hep. 26/92 $271.000 P L 1 A L U iv l A . — 5W. B.* HIGBEE, Mayor.
LOANS •
\ H.
Treasurer.
Floating debt ..........
2,100
D kkhiiKxrv Bonds.
Petaluma is iu Souonia County.
273.100
i v MAN , $24.000...... .........1903 j T o ta l debt 1891.............
Cash on hand ............
9,300
LOANS—
When Due. State tax (per $1.000)......... $5*80
ftuLMii*AD All* Bom r*.
Comity tax (per $1,000)..... 4*90
l
C it y B onds —
?*. IAJ. 0100,01M . .............1896 Net debt *ep. 26. 1892.. 263.800
Tax valuation, real — 10,596.592 5s. Jan.. $25,500_ Option of city City tax (per $1,000).......... 9*90
JO.KI *11*1 xo Bond*.
1
_
,
0-. JAJ, 01*t(non...... ......... 1901 Tax valuation, personal 1,215.914 Total debt Jan. 1 1893.. $25,500 Population iu 1890 was.......3,692
.. .190*2 Tux valuation, railroads 610,116 Tax valuation 1892-3. ...2,150,000 Population In 1880 was.......3,326
5-. Ja J. 32.00*).....
0s, JAJ. 10 ,0 0 0 ..... .........1905 Total valuation 1892 ..12,452,622
INTEREST payable in Petaluma.
state tax (per $1.<MM»........ $1*34
8 MooL Bl 11 DIM) B**NDS—
*
A tax of $2*50 per $1.000is made annually to meet interest and
.Inn. 14. $0.000.............. 1898 County tax (per $l,ooO)..... 8*16
Pupulatiou In 1890 was.----13,072 redeem a portion of the bonds.
0s. May 13, $15,000.
STATE AW CITY SUT?i£M£NT,
144
P L U M A S C O U N T Y , — J. H. W hitlock , Treas.
County seat is Quincy City.
TTfccn Due. Tax valuation, real......$1,795,714
LOANS
T ax valuation, personal
476,537
C O 'N T Y BONDft6s, Oct. 8, $15,000....Oct. 3,1901 Total valuation 189*2... 2,272,251
6a, Nov. 7. 11.000....Nov. 7, 1901 State & Co tax (p. $1,000)..$25*00
6a, May 2, 18,200... .May 2, 1905 Population in 1890 was....... 4,983
Bonded debt Feb. 1.1893..$44,200 Population in 1880 w as....... 6,180
Property Is assessed at about 23 o f its actual value in this county.
INTEREST ie payable at County Treasurer’s oiTlce.
POSO IR R IG A T IO N D ISTRICT.
Total debt (last returns) was $150,000.
Vol LVI.
shows San Francisco’s total funded debt and the sinking fund held by
the city against the same on the first o f July o f each o f the last three
years.
1892.
1891.
1890.
Total funded debt.........................$1,120,000
$1,378,000 $1,497,000
Sinking funds..............................
617,022
760,085
749,373
N et debt on July 1................. $502,978
$617,915
$747,027
The loans from the sinking fund outstanding on July 1, 1892>
amounted to $423,400.
T A X FREE.—A ll bonds o f this city are exempt from taxation.
C IT Y P R O P E R T Y .—The follow ing is a description o f the property
owned by the City and County o f San Francisco, as transmitted to
the State Controller by direction o f the Board o f Supervisors on
d t : '*p\T a TvTT'\Cl
5 E. O. JUDSON, Mayor.
Oetobor 11,1892.
i - t n , i J L JA l N l J o . — j L. w . C LA RK , Clerk.
Park reservations and public squares...................................$10,000,006
This city is in San Bernardino County.
Fire department, lots and improvements............................
1,250,000
Valuation, etc.—
LOANS—
When Due.
City halls, county jails, hospitals, almshouses, House of
Tax valuation 1892... .$2 652,784
C it y B onds (gold)—
Correction, Industrial School, lots and improvements________________7,500,0
6s, MAN, $100,000. ...M a y 1, 1893 Total tax (per $1,000) 1891.$39*70 Cemetery reservation............................................................
800,000
($5,000 pay. y’rly) to May 1, 1912 Actual valuation (est.). 8,000,000 Sundry tots............................................................................
250,000
Interest at Chase Nat. Bank. N. Y. Population in 1890 was....... 1,904
Channel-Street lots from Ninth to Eighteenth streets............................. 150,00
Total debt Feb. 1,1893...$100,000 Population in 1892 test.)......3,500
School lots, improvements, libraries, furniture, &c............
4,800,000
S A C R A M E N T O C O . — E d w a r d L y o n s , Treas.
County seat is Baeramento.
LOANS —
When Due.
Co u n t y B onds 8s,J&J, $220,000.............
1902
6s,
Jan.,179,000.........
1903
4^8, J&J, 100,000.........
1895
1908
4s,
J&J, 84,000.........
R a il r o a d A id B onds —
8 r, J&J, $77,500..............
1893
Bonded debt Sept. 26,’ 92.$660,500
Floating debt about........ $2,284
Total debt Sept. 26, 1892 662,784
T ax valuation, re a l----28,149,360
Tax valuat’ n, personal. 5,109,910
T ax valuat’ n, railroads. 1,115,8*9
Total valuation 1892.. .34,375,159
State & Co. ta x (p. $1,000).$14*00
Population in 1890 w as...... 40,339
Population in 1880 w as...... 34,390
S A N B E N I T O C O . — E. B. M ontgomery , Treas.
County seat is Hollister.
LOANS—
When Due.
Co u r t H ouse B onds 5s, J&J, $30,000....... July 1,1907
Subject to call at any time.
Total debt 1891............. $32,000
T ax valuation, real....... 5,130,200
T ax valuation,person’l.$ l,023,533
T ax valuat’ n, railroads.
165,042
Total valuation.............. 6,318,775
State tax (per $ 1,000)...........$4*34
County ta x (per $1,000)....... 11*66
Population in 1890 was
6,412
Population in 1880 was___ 5,584
S A N B E R N A R D IN O . {
This city is in San Bernardino County.
Total d< bt Sept. 1, 1892. $188,000 I T ax rate per $1,000........... $15*00
W ater debt (6s included) 128,000 |Population in 1890 w as___ 4,012
T ax valuation, 1892.......4,617,000 |Population in 1880 w a s---- 1,673
( M a t t h e w s h e r m a n , Mayor.
O A IN
^ K. J. W AR E , Clerk.
This is the county seat of San D iego County. The city has advertised
to refund $380,000 of its bonded debt at 4 ^ per cent.
Interest payable in San Diego.
LOANS—
When Due.
M u n ic ip a l B onds .
Total debt Apr. 1,1893. $437,000
7s, J&J, $58,000 part each year
T ax valuation 1892 ___ 15,393,378
to Sept. 15,1905 T ax valuation, real...... 13,690,989
Sch o o l B onds .
T ax valuation, personal 1,816,968
5s, J&D, $66,000 part each year
Total valuation 1891.. .15,507,957
to Deo. 1, 1907 State & Co. tax (per $1,000) $17*50
Se w e r B onds .
Total tax (per $1,000)........ 27*50
5s, M&8, $340,000 part each year
Population in 1890 w as___16,159
to Mar. 1,1907 Population in 1880 w as___ 2,637
c a n t
T ota l................................................................................. $24,750,000
ASSESSED V A L U A T IO N .—The follow ing table gives the assessed
valuation o f real estate and personal property and tlie total tax rate
(per $1,000) for the years indicated.
Personal
Total Total Tax R o m
Years.
Real Estate.
Property.
Yahtadon. per $1,000.
1892-’9 3 .... $277,346,008
$68,884,698
$346,224,706
$14*34
1891-92___ 244,512,641
67,050,748
311,563,389
........
1890-’ 91___ 235.361,768
66,082,372
301,444,140
16*10
1889-90___ 241,119,410
64,920,995
306,040,405
17*22
1888-’ 89___ 211,467,987
61,921,629
273,389,616
15*71
60,127,657
251,746,111
17*55
1887-’88___ 191,618,454
1886-’87___ 175,409,145
54,741,864
230,151,009
15*71
1885-86___ 192,843,592
61,482,367
254,325,959
15*92
1884-’ 85___ 161,495,888
59,013,672
223,509,560
15*77
1879-80___ 166,429,S45
51,057,229
217,487,074
19*95
1874-’ 75___ 162,466,177
101,763,267
264,229,444
20*99
1869-’ 70___
69,776,603
44,982,907
114,759,510
30*80
47,345,973
35,851,652
83,197,725
29*80
1864-’ 65___
1861-62.....
...........
...........
41,870,811
28*70
The amount of taxes levied in 1892-93 for city aud county purpose*
(exclusive o f railroads assessed by the State Board o f Equalization,
$111,830) was $3,462,247; fo r State purposes was $1,788,284; totai
amount of taxes, $5,250,531. The estimated revenue for city and
county purposes from other sources than taxation was $1,474,045.
P O P U L A T IO N in 1890 was 298,997; in 1880 it was 233,959; in
1870 it was 149,473.
SA N
n n ? r yy
S A N D IE G O
C O U N T Y . — C. D. L
ong,
Treas.
County seat is San Diego. Several irrigation districts have been or
ganized in this county which have separate debts o f their own. See
C h r o n i c l e , Yol. 54, p. 814.
When Due. T ax valuation, re a l.. .$19,245,803
LO AN ST ax valuat’n, person’l 9,917,005
F u n d in g B onds 58, J&J, $88,500....Jan.
1909 Total valuation 1892. 29,162,808
4^28, J&J, 93,000.. .Jan.
1906 State tax (per $1,000)........... $4*34
R oad & B r id g e B onds —
County tax (per $1,000)...... 9*86
5s, J&J, $80,000....... Jan. 1,1908 Population in 1890 was___34,987
Total debt Feb. 1,1893..$261,500 Population in 1880 w as___ 8,618
INTEREST is payable at San Diego.
O P T IO N A L.—A n y o f tlie above bonds are subject to call on fo rty
days notice.
J A C IN T O
A N D
P L E A S A N T
V A L L E Y
IR R IG A T IO N
D IS
T R I C T . — G. C. N u t t in g , Treas.
This district is in San Diego County.
LOANS—
When Due. Total debt July 1,1892. .$350,000
W a ter W orks—
T ax valuation 1892........ 603,337
6s, J&J, $170,000...... Jan. 1,1893 Assessment about % actual value.
(part due yearly) to Jan. 1, 1902 Irrigation tax (per $1,000)..$2*585
Interest payable in Winchester.
SA N
J O A Q U I N C O . — N. N e v i n , Treasurer.
County seat is Stockton.
LOANS—
When Due. T ax valuation, reaL...$32,534,90!
Co u n t y B onds T ax valuation,personal 5,676,561
48, J&J, $188,000.................. 1907 Tax valuation,railr’ds.. 1,717,923
J a il B onds —
Total valuation 1892.. 39,929,385
5s, J&J, $47,000 .................. 1911 State ta x (per $1,000)........... $4*34
Totlil debt Sept. 26, 1892.$235,000 County tax (per $1,000)...... 6*16
Cash on hand..................
5,488 Population in 1890 w as...... 28,62©
N et debt Sept. 26, 1892. ..229,512 Population in 1880 was— 24,34©
IN T E R EST is payable at Stockton.
SA N
J O S E . — S. N. R u c k e r , Mayor.
This city is in Santa Clara County.
When Due.
LO ANSLO ANSB r id g e B onds P a r k B onds —
Ss, Jan., $12,000___ $750 yearly 5s, Jan., $40,000..
Se w e r B onds —
Ci t y H a l l B onds 58, Jan., $120,000___7,500 yearly 6s, Jan., $228,000.
When Dae $2,500 yearly
14,250 yearly
IN T E R E S T is payable at tlie office of the City Treasurer.
T O T A L D E B T at date of last returns was $400,000 The city has
on sinking fund and no floating debt.
San Francisco is in San Francisco County, and the financial statement
ASSESSED V A L U A T IO N o f real estate in 1890 was $14,592,369;
given below is for both county and city. During the fiscal year ending o f personal property $2,282,430; total $16,874,799. The State and
June 30,1892, the amount o f bonds redeemed was $258,000.
coim ty ta x rate (per $1,000) was $10*00; city ta x rate proper $12*50 ;
H ouse o p Co r r e c tio n B onds * LO AN S—
When Due.
total tax rate $22*50.
Ce n t . P ac . RR. B onds J&J, $150,000...... July 1, 1894
Property is assessed at about ^ its actual value.
78, J&J, $53.000... .July 1, 1894
J u dgm ent B onds P O P U L A T IO N in 1890 was 18,060; in 1880 was 12,567.
W est . P a c . RR. B onds 78, A&O, $1,000....... Oct. 1, 1887
78, M&N $30,000.... M ay 1, 1895
O ld Cl a im s —
*C it y H a l l B onds 6s, J&J, $1,500....... Jan. 1, 1888
S A N L U I S O B I S P O C O . — B. F. P e t t i t , Treas.
68, J&J, $209,500... .July 1,1899
P a r k B onds H o s p it a l B onds —
68, J&J, $225,000----July 1, 1897
County seat is San Luis Obispo.
6s, M&N, $210,000 ...N ov. 1, 1891 6s, A&O, 250,000... .Apr. 1, 1904
LOANS —
When Due. 8s, J&J, $30,000.....................1902
Sc hool B onds —
Co u n t y B onds —
Total debt Sept- 26,1892.$153,500
6s, J&J, 200,000...July 1, 1894
6s, F& 4, $13,500................. 1902 T ax valuation,real___$12,399,932
*The City H all and railroad bonds may be called before maturity.
6s, J&J,
50,000................. 1905 T ax valuation, pers’l.. 2,365,662
Special bonds made payable by statute fro m taxes on lands benefitted:
513,345
5s, F&A,
20,000.................1902 T ax valuation, railr*da
5s, M&S,
20,000.................1911 Total valuation 1892... 15,278,939
Montgomery Avenue bonds have been declared null and void.
State andco.tax (p.$1,000)
12*50
R oad B onds —
Dupont Street bonds, 7s, amount outstanding...................... $869,000 8s, J&J, 20,000.....................1896 Population in 1890 was......16,072
These Dupont Street bonds have been in litigation, but a recent deci
sion o f the United States Supreme Court was in favor o f their validity,
S A N M A T E O C O . — P. P. C h a m b e r l a in , Treas.
and the delinquent assessments are now being collected.
County seat is Redwood City.
P AR VALUE O F B O N D S —The bonds o f this city are for $1,000
LOANS—
When Due. T ax valuation, real... .$14,888,665
and $500.
F u nding B onds—
Tax valuation, personal 1,140,310
1901 T ax valuation, railr’ds.
234,704
INTEREST—W HERE PAYABLE —Interest is payable in gold in 6s, J&J $48,000...............
R oad B onds —
Total valuation 1892...16,263,679
San Francisco.
10s, J&J, $30.000............
1894 State & co.tax (per $1,000) .$11‘S C
T O T A L DEBT, SINKING FUNDS, Et c .—The subjoined statement Total debt Feb. 1, 1893... .$78,000 Population in 1890 was.. . 10.08?
S A N F R A N C I S C O — T. J. L. Sm il e y , Mayor.
A ril iso
p s.
S A N T A
cjiiiro^i/1 -ciTits m ~ B
C L A R A
C O . — Jos. A . L
County seat Is San Jos©.
LOANS—
IFAen Due.
FrsD txa Bosros.
5s, M 4X, $47,000...... M ay 1,1903
B M IM d ix o Bonus .
8s,
JAJ, $29,000...Jan. 1,1905
t« 4 *. U 0 . - 6 ,0 0 0 . . . Apr. 13, 1905
1
tij* . J & I, 45,000. ..July 1,1910
4a, KVA, 33,000. , -A uk . 19, 1905
4s, A AO. 97,000... .Of t, 23. 1905
Total debt Feb. 1, 1393. $207,000
o tz,
T re a s .
I Sinking fu n d .......................$9,000
N.-t debt Feb. 1, 1393___ $198,000
j Tax valuaiion, re a l...$48,013,390
T.ixvaiiuttii)ii,persun'l 5.517,453
• Tax valuation, r dlr’ds 1,276,245
Total valuation 1893...54,812,088
Assessment, about 3-5 actual value.
State tax (per $1,000)-......... $4-3-4
County tax (per 81,000)....... 7T0
_
Population in 1890 w as_ 48,005
'U s e rate inside cities sad incorporated towns Is $10-00; and $12*00
«n the • •-ttutry, Including road tax.
O P T IO N A L .—The bonds are a ll subject to call at the option ot the
Board o f Supervisors.
S A N T A CRUZ . $ .
(C
M
ayor-
E. W IL L IA M S , Breus.
This city la la Santa Cray. Comity.
LOANS—
When Due. I T ax valuation, real...... $3,129,270
[Ml-ROVBMBKT B onds —
I T ax valuation, personal
389,915
, I '>,(>00----$3,000 yearly. Total valoattou 1892.,. 3,519,185
spe—
| Assessment is % actual value.
S*. Jan., $355,000 arty, I Total tax par ($1,000)........$15-00
- uviaW oatSautaCruz. i Population in 1890 was____ 5.596
Tola! debt Deo. 1, 1 89 3$299,000 j Population In 13.30 was.......3.398
SANTA
C R U Z C O . —W. H. B i a s , Treas.
Cooaty ssat is Santa Cm?..
LOANS—
When Due. I Net debt Feb. 1, 1«93... $129,000
E r f u n m s t ; Bonds —
T ax valuation 1892...$13,000,000
$130,OuO............. 1905 I
A aneminent is 2-5 actual value.
8c i t m B o if os State tax (per $1 ,0 0 0 ) .........$4-46
*to, J & t , p * *too —
yea rs County ta x (per $1,000)___ $7’5-1
Total debt Feb, 1, 1893.. $139,009 Average m hm A tax............ 2 00
M & king t u m i. . . . . . . . . . . . .
10,000 Population 1880 was..........19,270
INTEREST i-s payable at Santa Crua. T t o e bonds are owned by
0ie State.
T A X FREE—A ll bonds o-Hted by this county are exempt from taxa
Wm.
S H A S T A CO . —
Treasurer.
W il l ia m J a c k s o n .
County
is Redding.
When Due. ; Total debt Feb. 1 ,1893.
$78,661
LO ANSO m m w t Boxtsh*
1Caab «*n h a n d ...........
9,000
7#, JA%
1,
KM>.... . .. .. .
1000:- S e t debt Fob. 1.1893..
69,661
1909 1T ax valuation*real....» 5.028,103
$«, FA A, (MiJQO.... .......
I
Co o f t lIotiHL A J.4tb|T ax valuation, per**!...
943,339
•Ve FA \ , $0o*tKM>,. ... ... Feb,. 1909 f T ax valuation, rnfiFtls. 1,434,937
Subject t*> ©ail at any time,
j Total valuation 1892. .* 7,400.379
E K ryxiu xo Hostfs—
1Hm to tax per ($1,000 ........ $4*34
7-4. JA-J, $18,000. .. .Jan. 15, 1900 County tax (per $1,000).... 1190
Subject to call at any time.
' Avert**** school tax ........... . 3 20
future# l Is payable at Redding. ' Population in 1890 was___12,133
S IS K IY O U CO,—J a c o b
C m m tj m&% Is Trela.
LO AN SC o m m tu>xr.
m .
$61,300.............
6«.
W 3M M ).. . . . . . . . . .
Total debt depfc, 20,1892.
■QmU fnt fetind .................
S f t debt Sept. 20, 1892...
M a r t in ,
Treasurer.
- Due. j T ax valuation, real......$5,530,127
Tux valuation, pern’ !.. 1,438,092
...1 9 0 4 } Tax valuation, nitlrhlB. 1,454,107
...1910 j Total valuation 1892... 8,422,386
State and Co.tax (p.$ 1,000) $15 00
population 1890 was........ 12,163
68*029 i Population 1880 was........ 8,610
S O L A N O CO .—J
Ro ney,
Treasurer.
CoiiUty w % \* PalrtteM,.
*m
LOANS—
When Due. j Tax valuation, real....$16,036,198
rjov y tf
Tax valuation,personal 2,334,051
5#, , ! W , $2 6,50 0____ d u ty 15, 1903 T a x valt.miio.ll, milted*.
979,055
Suiip’et to ©ait nri 30 «ta> noth'**. Total valuation 1892.. 19,949.304
D ir ia ix c v
*
|
about % actual value,
J m : 5 : <• I m Ur tax »JN!r $1,090) ........ $4’34
Suit), to vail on 30 dayV notice. ? County tax (per $1,000) ..... 7*66
Tor 0 debt sept. 26, 1892. $32.28-'* JPoimlation in 1890 wn.8..... 20,946
S O N O M A C O U N T Y .—P.
M . Sto fe n .
Treas.
County seat is Santa. B « a ,
LO ANS—
When Due. |Tax valuation, re a l.. .$25,011,129
lixiTR oxo Bovfc«—
j Tax valuatM»«,pe-m*nai 4,222,607
4Ha , A & Q , #22-1,500... April, 1006 \ Tax valmdion. ntiir’ds. 1,627,060
.
Fioft,|s areexem pt from taxation. - state tax (per $1,000).........$4*34
Total dent Sern. 26.1802.82:24.500 \County tax (per $1,000)..... . 6*16
C mu cm hand .............
5,86*1 Population ill 1890 was... .32,721
X * i d* bt Sept. 26, 1802 . 2.18,031 population in 1880 was.. ...25,920
S T A N I S L A U S CO .—<L P. Ostbojk, Treasurer.
County seal is Modesto.
L O A N S "’
When D*tf
Tnx valuation. res*l....$13,774,367
i;m x tr
; Tax valuation.personal 2*382,075
HA, J 4 ), $23,000................. , .1003 , Tax valuation, rallr’ds.
927.308
Total debt S ept 20, I $92. .$25,504 * Total valuutton 1892.,. 17,083,750
Cash or bund ...................' I0.447 j State A Co. tax (per $1,000)... 13*50
Net debt Sept. 26. 1892... 13.or, 7 : Population In 1-890 was , ..10,040
CLARK, Mn*
S T O C K T O N . — h T A U M P B K L L ,”
R
ton is in San Jtmqttin Coilli
When Due, I Interest is parable at Stockton.
LOANS—
Total debt Feb/l, 1893. $396,500
Eeftt&dlmr city bom u . ....
6«, JAcJ. $201,000 . .1891 to 19011 ; Tax valuation 1.892..... 12,737,883
j A-*i‘t,--’Unef>t about L actual value.
City tax (p er$1.090)..........$16,30
189f \
Ho-we r itid frn p m w . Iwmds
%m
,
^175,500 , gepf* lO, 1893 ! Pofmfa Ion In 1890 was.----14,424
*9.750 yearly , t*»■Sept. 10.1916 : Po}»iila,fch»ff In 1880 was..... 10,-282
*T%e t m n M n l r m %r liy are all
ble in srnbL
tow .
ns
I to
T E H A M A CO.—A
L.
Treasurer.
T R I N I T Y CO.—P.
M. P a u ls e n ,
n c il
B row n,
County seat is Red Bluff.
LO A N S —
When Due. Total debt Apr. 15,1893
$75,000
F unding B onds—
-Tax valuation, r e a l___ 8,534,925
5a, JA-J, §33,500........Jan. 2,1904 Tax valuation, personal 2,092,607
Subject to call at any ti no.
Total valuation 1892. ..10,627,532
5s, Jau.„ $30,000.......Jau. 2,1906 Asses’nt 05 to 75 p. c. actual value.
Su"jvcfcto call at any time.
State tax (per $1,000).......... $4-34
R oad B onds —
County tax (per $1,000)........10-16
os, Jau., $11,500.......Jan. 2,1903 Population m 1890 was....... 9,916
Subject to call at any time.
Population in 1880 w as....... 9,301
County seat is Weaverville.
LO A N S—
9 lien Due.
CouNTr B onds —
5s, F&A, $46,400.................. 1908
Treasurer.
Tax valuation, personal. $301,404
Total valuation 1892___1,427,674
State tax (per $1,000) ..
,4-34
Subject to call.
County tax (per $1,000).
19’16
Total debt Jan. 1,1893.. $48,894 Average school t a x ......
4-00
T ax valuation, real....... 1,126,270 Population in 1890 w a s......3,719
T A X FREE—The bonds issued by this county are exempt from taxa
tion.
T U L A R E .—
Trustees.
R.
N . H o u g h , P r e s id e n t o f B o a r d o f
Tulare is in the county of the same name. The bonds described in
the follow ing are issued by the Tnlare Irrigation District, o f whieh the
city forms the larger part.
LOANS—
W hen D u e . Total debt Jan. 1,1892. $150,000
T u lare I r r ig a t io n D istr ic t Tax Valuation 1891___ 1,100,000
B onds —
Assessment is % actual Value.
6s, Jan. 1, $150,000............. 1902 Population 1890 was___..,..2,697
($15,000 due yearly) to 1911 Population 1880was....... .
447
Interest payable in Tulare.
T A X FREE—A ll o f the above bonds are exempt from taxation.
T U L A R E CO.—D. S.
L
ip s c o m b ,
County seat is Visalia.
LOANS—
» hen Due.
c o u r t H ouse B onds—
i U , Jan., $29,000................. 1895
R a i l r j \d Bonds —
7s, Jim., $12,500..»............ (1)1889
Total d«bt Bi-pt. 26, '92.
$41,500
Cash mi hand...............
4,8.5
Net debt Sept, 26,1892.
36,025
Treasurer.
Tax valuation, re a l.. .$20*937,768
T ax valuation, personal 2*770,415
T ax valuation, railro’ ds 1*442,S32
Total valuation 1892 ..25*201,015
State tax (p< r $1.000)..
4*34
County tax (per $1,000)
9*66
Population in 1890 was.. . . .24,574
\ T T r m
5 GEORGE ROUNDER, Mayor.
V /-V U - U r lj J w . — ) j . r . ENGLISH, Treasurer. .
This city is in Solano County.
LO A N S —
When Due. Total debt Jan. 1 .1893, $282,000
B e 0 k.i m o H B onds —
i
Tax valuatioa, real..... 1,569,267
6s, April, $32,000...... Apr. 1,1893 Tax valuation, personal.. 412,840
i f 1,000 duo yearly) to Apr. 1, 1912 Total valuation 1891
1,982,107
Interest payable in vailejo.
Assessment about ^ actual value.
W ate r B onds , 1892Btate & co.tax (per$1,000)..$10*70
6s, $250,000....... .
l 893 to 1912 City tax (per $1,000).......... lO'OO
($12,500 due yearly.)
Population 1890 w as... . . . . . . 6,343
Vallejo’s bonds are subject to call at the option of tbe city.
W O O D L A N D . — B . B. M o s l e y , City Clerk,
This city is Iu Yolo County.
LOANS—
When Due.
BriLD'o. W a t e r &S ew er —
5s........ $130,000___ 1894 to 1913
($6,500 due yearly.)
Population in 1890 was.......3,069
Population in 1880 was...... 1,370
Y O L O C O U N T Y . — J o h n H. W
r ig h t ,
Treas.
County seat is Wooulanct.
LOANS—
When D ue. I Tax valuation, r e a l. . .$17,420,076
F un ding B onds—
|T ax valuation, person’!. 2,660,493
Sr, FA A, $12,000...... Aug. I, 1.894 1 Tax valuation, railro'ds 1.005,921
Subject to call at any time. |Total valuation iei>2 ..2.1,08(1,-190
Bowl'd debt Sept.26/92. $-12 ,0 0 0 1 State tax (per $1,000)..
4*34
Float i n 1 debt..............
9,355 |Comity tax (per $1,000)
6'’66
Total debt.....................
51,355 1 Population iu 1890 w as___ 12,684
Cash 011 hand...............
81,988 |Population in 1880 was — 11,772
Property is assessed at about 75 per cent of its actual value in this
county.
INTEREST is payable at County Treasurer’ s office.
Y U B A CO.—C W.
L
P
in e
,
Treasurer.
County seat is Marysville.
LO ANS.. hen Due. Tax valuation, person’! $1,399,525
Total valuation 1892.. 7,191,308
R efu nding B onds—
Assessment is ^ actual value.
6 s , J&J, $71.000....................1902
State tax (per $1,000)...----$4'34
($1,000 due yearly.)
Total debt Jan. 1, 1893.. ..$71,000 County tax (per $ L , 0 00 )..... 13-66
T ax valuation, real___$5,794,783 Population in 1890 was....... 9,636
T A X FREE.—All bonds issued by this county are exempt from taxat ion.
ST7
m
140
State of Oregon.
ITS
DEBT, RESOURCES,
Yol. L\ l
AND CITY SU-?fi£M£TJT,
E tc.
Organized as a Territory (A ct Aug. 14,1848) - Aug. 14, 1848
Admitted as a State (A ct Feb. 14, 1859)
•
Feb. 14, 1859
Total area of State (square miles)
96.030
State Capital
Salem
Governor (term ex. 2d* Monday Jan. ’95), Sylvester Pennoyer
Secretary of State (term ex. 2d Mon. JaD. ’95), G. VV. McBride
Treasurer (term ex. 2d Mon. Jan. *95)
Phil Metschan
* The Legislature does not always canvass the vote for Governor
Immediately upon its meeting, and the present Governor’ s term runs
until his successor i» declared elected.
Legislature meets biennially in odd years on the second Mon
day in January, and there is no lim it to length of ses
sions; but members of the Legislature can draw pay only
for 40 days’ services in the aggregate, and this answers
the same purpose as a limit upon the length of sessions.
H ISTO R Y OF D E B T.—Oregon, although it became a State in 1857,
had no debt o f any importance prior to the war. In fact its original
Constitution contained in 1857, when it was formed, the stringent
provisions against creating debt which are now a part o f it;
we think they are the most rigorous restrictions found in
any Constitution adopted at so early a date. On October
24,1864, the Legislature authorized the “ Soldiers’ Bounty Bonds,” and
the “ Soldiers’ R elief Bonds.” On October 21,1870, the State guaran
teed the bonds of the “ Willamette Sails Canal & Look Company,” the
total issue of which reached $200,000. On October 22, 1874, bonds
were issued in payment of the debt arising out o f the Modoc war of
1872. October 17, 1878, the Legislature authorized the “ Indian War
Bonds of 1878,” for the payment o f the debt arising out o f the war with
the “ Nez Perces,” “ Cayuse” and other Indian tribes in 1877-78. Besides
these there have been warrants in small amounts put out from time to
tim e under legislative enactments to aid in the construction of wagon
roads. Altogether we think that the State never had obligations out
standing at any one time amounting to over $500,000.
To-day Oregon practically has no debt. There are some little left-over
lots that go by that name, in the aggregate amounting to $1,829*79, which
the State is ready and would be very glad to pay, but cannot get them
In.
V A L U A T IO N .—The gross valuation in 1892 as equalized by the State
Board was $228,398,677; indebtedness and exemptions, $68,135,031;
equalized valuation, $160,263,646.
DEBT L IM IT A T IO N .—Oregon, as already remarked, framed and
adopted its Constitution in 1857, I t is quite a notable fact that the
people o f the State are to-day livin g under that instrument in the precise
form in which it was originally adopted, for there never 1ms been an
amendment made to it. I f all the provisions are as enlightened as are
those with respect to debt limitation, w e are not surprised that the
need for a change has never been felt.
STATE indebtedness is fo lly provided for in this Constitution. The
8tate cannot subscribe for stock; it cannot create debt in excess o f
$50,000 exoept in ease of war, &c.; it cannot assume the debts o f coun
ties, cities, &c.; and it is required to levy taxes sufficient to pay interest
and principal o f debt when there is any. Cities and Towns are relegated
to the Legislature, with theinjunction that the Legislature shall restrict
their borrowing powers; but neither they nor oounties, nor any other
municipality, can subscribe for stock, «&o. Counties are restricted to
$5,000 o f debt. This last provision is a very conservative one, as it pre
vents that duplication o f heavy indebtedness wiiioh often occurs in
counties where there are large cities, and which, almost before the pub
lic knows it, makes the load on the people very onerous. The Constitu
tional provisions we have referred to are as follow s:—
A r t i c l e 11. Section 6. [State not to subscribe for stock, etc.] The State
shall not subscribe to or be interested in the stock o f any company,
association, or corporation.
Section 7. [State, etc., power to make debt lim ited.] The legislative
assembly shall not loan the credit o f the State, nor in any manner create
any debt or liabilities which shall singly, or in the aggregate, with pre
vious debts or liabilities, exceed the sum o f fifty thousand dollars, except
in case o f war, or to repel invasion or suppress insurrection; and even
contract o f indebtedness entered into, or assumed bv or in behalf o f this
8tate, when all its liabilities and debts amount to said sum, shall be void
and o f no effect.
Section 8. ( State cannot assume debt o f counties, etc.] The State shall
never assume the debts o f any county, town or other corporation what
ever, unless such debts shall have been created to repel invasion, sup
press insurrection, or defend the State in war.
Section 5. [ Cities and towns; legislature must restrict borrowing
power.] Acts o f tlie legislative assembly incorporating towns and cities
shall re strict their powers of taxation, borrowing money, contracting
debts, and loaning their credit.
Section 9. [Cities, counties, towns, dc., not to become stockhold
ers.] No county, city, town, or other municipal corporation, by
vote o f its citizens or otherwise, shall become a stockholder in any joint
stock company, corporation or association whatever, or raise money
for, or loan i:s credit to or in aid of, any such company, corporation or
association.
Section 10. [County debt limited to five thousand dollars.]
No county shall create any debt or liabilities which shall singly, or in
the aggregate, exceed the sum o f five thousand dollars, except to sup
press insurrection or repel invasion; but the debts o f any county at the
time this Constitution takes effect shall be disregarded in estimating the
Bum to which such county is limited.
A r tic le 9. Section 2. [ State must provide tares sufficient to pay inter
est, etc.] The legislative assembly shall provide for raising revenue
sufficient to defray the expenses o f the State for each fiscal year, and also
a suflicient sum to pay the interest on the fctate debt if there be any.
PO PU LATIO N OF STATE.-—
Among the States o f the Pacific Coast
Oregon has been at some disadvantage as compared with some o
her neighbors. The State has a fertile soil and is yearly increas
ing Its products—wheat especially being raised in large quantities—but
the absence of railroad mileage to the extent needful has been a draw
back upon full development. The Oregon Navigation line connects
Portland with the trans-Continental system o f roads, but drains only
the extreme northern part of the State * and the Oregon & California RR.
,
which is controlled by the Southern Pacific, and forms in connection
with the latter another through route, drains only the western part o f
the State. Thus a large, section is without any railroad facilities. Of
course on the north there is also a connection with the Northern Pacific
nut the Northern Pacific is interested in building up Washington rather
than Oregon, and indeed the activity of that company in constructing
new mileage in Washington has lmd no little influence in the growth and
development of the latter. As showing the difference in the extent of
mileage between the tw o States it is interesting to note that while
Oregon has about 40 per cent more territory than Washington she has 800
miles less o f railroads. But notwithstanding all this, population has
t»e«u greatly enlarged. In 1870 the aggregate was only 90,023; by
1880 numbers had nearly doubled, the Census allowing a total o f 174,708, and in 1890 the aggregate had risen to 313.767.
1890 .............313,767 I 1870 ............... 90,923 I 1850 .............. 13,294
1880 .............174,768 | 1860 ............... 52,465 |
In 1860-70 increase was 38,458, or 73*30 per cent; in 1870-80,83,845
or 92*22 per cent; and in 1880-90,138,999 or 79*53 per cent.
B A N K S -S T A T E , N A T IO N A L AND SAVINGS IN S T IT U T IO N S .
—Bunking capital is being gradually extended in Oregon, especially in
the case of the national institutions. There are now 40 o f these banks
and they have about 37 millions o f capital and 93g •milieus of deposits.
s
In 1885 there were but tw elve national banks, with Icbs than a million
capital and only about 2 ^ millions deposits.
----------- 1892.---------- -
---------- 1885.--------- ,
National.
Stute.
Natumul.
Slate.
Oregon .
(Dec. 9, ’ 92.) (June 30, ’92.) (Dec. 24.)
Number of banks___
4<>
12
12
. ...
C a p ital......................$3,895,000
$1,34*2,000
$905,000
Surplus and profits.. 2,409,080
117,103
770,367 ...........
-Deposits, individual. 9,639,357
2,204,217
2,532,595
The figures for the State banks in the above are from the annual v o l
ume o f the Comptroller o f the Currency, no returns of any kind to the
state authorities being made or required. It w ill be observed that the
Comptroller reports 12 o f these banks with $1,342,000 capital and
$2,204,217 deposits.
C i t ie s , C o u n t ie s
and
T
owns
IN TH E
STATE
A S T O R IA .— H
OF OREGON.
erm an
W
is e ,
Treasurer.
Astoria ia situated In Clatsop County.
LOANS—
ir/ie» Due. Total debt .Tan. 1,1892. .$110,264
23,824
rash on hand..................
K h kundino B o n d s :
86,440
da, MAS, $23,000...... Sept. 1,1910 Net debt Jan. 1, 1892......
vf k.e
a iwut
x luiiT
City has no water debt.
6s, MAS,
6,000.. "ept.5,. 1897
Tax valuation, real....... 5,871,169
6s, MAS,
6.000.. Sept. 5, 1902
6 s ,.........
50,000... Nov. 2, 1911 T ax valuation, personal. 1,472.684
Total valuation 1891___ 7.343,853
St r e e t B o n d s :
8s, A AO, $5,000.........Oc t, 1.1898 Tax valu’ n isSOp.c.of actual value.
Bonded debt Jan. 1,1892.$100,050 I Total ity tax c(per $1,000). .$13*00
Floating d e b t................. 10,214 |Population in 1890 was....... 6,184
p/^-nTT A T T tc
J JOHN BU RNETT, Mayor.
O LJJrC V - A . J L . i_ a o . — } A. CAUTHORN, Treasurer.
This city is in Benton County. The bonds described below w ere
reported to us on Feb. 6, 1893, as not as yet having been sold. Addi
tional bonds to the amount o f $12,000 liave been authorized by the
City Council lo r the purpose o f funding the floating debt, which was
incurred by the construction of a city ball building.
300.000
LOANS—
When Due. Tax valuation, person’l
Total valuation 1892... 1.000.000
W a te r W orks—
actual value,
6r, AAO. $50,000... .April 1, 1913 Assessment about
state < Co. tax (per $1.000).$19*00
fc
Interest payable at Corvallis.
5*00
Bonded debt.................
$50,000 City tax (per $1.000)..........
Floating debt...............
10,000 Average school ta x .............. 5 00
Population in 1890 was.......1.527
Total debt.....................
60.000
T ax valuation, real......
700,000 Population in 1880 was.......1,128
K L A M A T H
C O . — W. E . H
County seat is Linkville.
Floating debt J in. 1, ’93. $60,000
Pax valuation, re a l....... 1,247.865
Tax valuation, personal. 573,655
Total assessment 1892.. .1,821,520
Assessment about *3 actual value.
owe,
Treas.
«ta te tax (per $1,000)........... $4-67
County tax (per $1,000)........ 15*33
Average school ta x ......... .
5*00
Population in 1890 was........ 2,444
L A K E C O U N T Y . - W . N.
Su tto n ,
Clerk.
County seat is Lakeville.
Floating debt 1892........ $40,856 State ta x (per $1,000).......... $5 50
T ax valuation 1892........ 1,413,489 County tax (per $1,000).......$8 50$4 00
l ax valuation, real........ 881,895 A ve.rag • school tn x .........
l ax valuation, personal. 1,060,745 P op ula tion in 1890 w a s ......... 2 ,6 04
total valuation 1891___ 1.942,640 Population in 1880 was....... 2,804
Assessment about *2 actual value.
The floating debt consists of county warrants bearing 8 p. ct. interest.
M ED FO RD .—
Medford is located in Jackson County.
When Due. Total debt (last returns)... $ 20,000
Tax valuation................... 22f>.< ioO
W a t e k B onds .
7s, MA;b,$20,000..... Sept. 1,1900 Population 1890 was........ __1,19(1
LOANS—
.............
.............
April, 1893.
W^SHirJQTOTl—DEBT Of STATE,
147
\ W. T. SULLIVAN, Mayor.
ASSESSED VALUATION.—
The following statement shows th
e
~{ L. L. FOBTKR, Recorder.
total assessed valuation of the State for the years indicated :
ThU city l* situated In Clackamas Co. Bonds to tlie amount of Ynil's.
3 ssrxsoie-ii I. Yea re.
A xsesgmewt.
$20,000 will soon bo odered for mile.
1892......................... $319,010,341 18 8 1 ................................ $25,780,415
LOANS—
W k m Due. Tax valuation 1892..... $1,000,000 1891......................... 273,042,099 1 8 8 0 ................................ 23.708,587
1890......................... 217.595,739 1 8 7 9 ...............................
G kxkkai. BntM.
21,012,832
Assessm ent is '4j actual value.
6a. MtN. $30.000..... May 1, 1901 State A co. tax (p. $ 1 ,000 ).. $2 50 1889......................... 125.105,215 1 8 7 8 ................................ 18,(578,437
Iuteiv-t payable at Portland.
city tax (per $1,000) ........ 5 00 1888......................... 89,04 1,548 1* 7 7 ................................ 17.281,182
Boo.led debt rVb. 1, I89J .$J0,0i>0 A v . raue »cho d t a x ................. 5 00 1887......................... 01,502,739 1 8 7 0 ................................ 15,138,078
Flo *t ug debt................. 15.000 I'upulatioii In isoo was.... *3,oG2 1880......................... 51,491,159 1 8 7 5 ................................ 14.509,150
Total . ebt Feb. 1. 1893___ 1.5,000 P opulation iu 1880 w a s ..........1.203 1885......................... 50.4X4.437, 1 8 7 4 ................................ 14,185,098
1884......................... 51,008,4X4
Oregon City’s 1 ults have recently been enlarged and tile population 1883......................... 44,107,507 j 1 8 7 0 ................................ 10,642,803
1
11800.....................
4,394,735
is now reported at 5,000.
18.82......................... 32,500,807 |
O R E G O N C IT Y .-
P O R T L A N D .—
W . S. M a s o it , M ay or.
Portlaud U the county-«*eHt of Multiiomali County. The cities of
Portland, Ea-t Portlaud and Albina were consolidated Iu June, 1891
lor.ulug a city of about 02,0 i6 inhabitants.
LOANS—
Wkeu Due. I Cirv H\ i.l B onds—
Ctrr
$i75,ooo___ Jan. 1.1920
6^. J-ScD $20.iM9..... June 3, 1893 5% JjtJ, $ »0J.OJO July 1, 1922
.
&*, J*D, $2J,5vKI..... June 3, 1803
W vrtic
—
I 5a, J jc $700,000..... Jau. 1, 1917
J,
IN TE R E S T l* parable at the office of the City Treasurer, Portland
. GOLD PAYM ENT.—Both principal and Interest are payable in gold.
T O T A L DEBT at the date of our la*t return wa* $1,708,500, includ
ing the water debt of $700,000, tue Albina debt of $100,000 aud that
ot East Portlaud, $230,000. This latter item Is partly for water works
DEBT LIMITATION.—Portland’® charter limits the city’s debit*’
.
$100,000. aud a special Act of Legislature la necessary for each issue
of liuud* after till* aiuou it has l»eeu reached.
T A X FREE.—The water bonds are exempt from taxation.
ASSESSED VALUATION In 1891 was about$50,000,000. In 1890
the valuation of real estate was $23,022,915; of personal property,
$10,030,635; total. $43,653^550; tax rate (per $1,000), $30*58.
Real e s ta te la assessed at * uImmiI 20 to 25 ]»er cent of Its actual \aiue.'
*
WATER WORKS.— Tl*« water works are self-sustaining. The
amount Invested in the entire plant to Jan. 1 1890, was $707,088. It
,
1 estimated that the net receipts for the year 1891, after paying iuter
a
Cst on the water de »t aud exi»eu-«es of operating ami repairs, will he
$l<>i.OOO, wnich auouul will be used in extending the pipe Hues.
PO PULATIO N.—Tha jsipulatiou iu 1890 was 40.385; In 1880 was
17,577. The total population of Portlaud, East Portlaud aud AlbLua
la 1890 was 02,010.
P O R T O F P O R T L A N D —J a s .
St e e l , T > s .
r< n >
The Port of Portland was Incorporated In 1891 and giveu authority
to Issue Imiids to the amount of $500,000 for river and harbor im
proceiueut*. Its limits Include the consolidated City of Portlaud aud
all but about oo~truth of the territory iu Multnomah County. The debt
at present U as follows.
LOANS—
W h e n D u e . I Total debt Jan. 1, 1893. $300,000
Ri vkk 14 r . B ixi»* (gold)—
Tax valuation 1892 ...41,101,920
6a, JJtJ, $333,030..... J a u . 1, 1922 |Population (eat.).........
80,000
. State of Washington.
ITS
DE3T, RE30URCE3, Ac.]
Or;*\'jUv1 A’ a Trfrritor^ (Ast Miroh 2, 13.3) - March 2, 18*8
A ltaiitrd as A Sjktr (Act. Fch. 22, l'?8J)
•
Nov. 11. 1889
Total area of Bra: j (-mi lare inilei)
. . . .
69.180
State Capital
Olympia
0 irrra *r{wra> #n<t*W«* 1 after 2d Mon. Jan. ‘9") -J McGraw
.
8 'cretarr (term eo ti W- d. alt 21 Mon. Jan. ’97) J. II. Price
Treasurer (term ends \V,*d aft. 2d Mou. Jait. ’97) 0. A, Bowe
Lentil »ture meats bi-mm illy ia odd years the \\>dnesda>
after the 2d M j j J / in Ja luiry, aaJ sesjioas are limited to
a
80 days.
D E B T L IM IT A T IO N .—Like so many o f the younger Ptatea. Wash
ington has taken a conservative position with respect to Xtate and
municipal iu lebtedness. Tile provision* o f the Constitution with refer
ence to creating debt are, however, so comprehensive and plain that it
Is necessary to do no more than copy the sections relating to the subject
F I Its T, with reference to the State, there are three section*; the first
limits the debt, the second names exceptions to the limit and the third
provides the methn 1 in which additional debt may be created. These
sections are as follows, ami ail are found in article 8.
A R T IC LE V III, P kctio N 1. Slate *mlehtednesslimileri. TlieBtate m ay»
to meet casual deficit*or failures in revenues, or forexpenses not provi
ded for, contract debts, but such debts, direct and eontiu ’cut. singly or
in the aggregate, shall uot at any time exceed four hundred thousand
dollar* ($100,093), an l the moneys arising from the loan*creating such
debts shall be applied to the purpose for which they were obtained, or
to repay the debts so contracted, ail l to no other purpose whatever.
8 k«TI«» n 2. Fsre/ilitnix to State limitation. In addition to the above
limited power to contract debt*, the Ptate may contract debts to repel
invasion, suppress insurreetion, or to defend tlie Ptate in war, but the
money arising from the contracting of such debts shall be applied to the
p.irimse for which it was raised and to no other purpose whatever.
Hk it io n 3. Method for in ca rrin g State indebted ness. Except the
lebts specified in sections 1 and 2 of this article, no debt shall hereafter
Ih* contracted by, or on behalf of, this State, unless such debt shall be
authorized by law for some single work or object, to be distinctly speci
fied therein, which law shall provide ways and means, exclusive of
loans for the payment of the interest on such debt as it falls due, and
;il'ii to pay and discharge the principal of such debt within twenty
years from the time o f the contracting thereof. No such law shall take
effect until it shall, at a general election, have been submitted to the
people and h i\# received a majority of all the votes cast for aud against
it iit such election, and all moneys raised by authority of such law
shall Im applied only to the specific object therein stated, or to the pay
ment of the debt thereby created, and such law shall he published ill at
least one newspaper iu each county, if one be published therein,
throughout the Ptate. for three moutlis next preceding the election ai
which it Is submitted to the people.
Hk it io n 5. State credit not to be pledged. The credit of the Ptate shall
not. In any manner, be given or loaned to, or In aid of, any individual,
association, company or corporation.
8BU O SD, Counties, Cities, Towns <fic. are more rigorously guarded.
The whole system as to m mioipulities Is found in section 0 o f article 8,
though section 7 is also important, as it forbid* counties, cities &c.
giving money or loaning credit to any corporation &c. Sections 0 and
7 are a* follows:
8 k«t i o \ 6. No county, city, town, school district or other municipal
corfNiratlon shall for any purpose become indebted in any manner to an
amount exceeding one aim oue-lmlf per centum o f the taxable property
in such county, city, town, school district or other municipal corpora
tion, without the assent o f three-fifths of the voters therein voting at
an election to be held for that purpose, nor in cases requiring such
assent shall tlie total indebtedness at any time exceed five per centum
nil the value of tin* taxable property therein, to be ase rtaihed by the
last assessment for Ptate and county purposes previous to the incurring
of such indebtedness, except that in incorporated cities the assessment
shall lie taken from the last assessment for city purposes; provided.
that no part of the indebtedness allowed in this section shall he incurred
for any purpose other than strictly county, city, town, school district or
other municipal purposes; prodded, further, that any city or town,
with such assent.mav be allowed to become indebted to a larger amount,
hut not exceeding five per centum additional, for supplying such city or
town with water, artificial light and sewers, when the works for sup
plying such water, light and sewers shall be owned aud controlled by
tlie municipality.
. , ,
l
S ki T in s 7. No county, city, town or other municipal corporation shall
hereafter give any money, nr property, or loan its money or credit, to or
in aid of any Individual, association, company, or corporation, except
for the necessary sup|M»i*t or the poor and Intirui. or become directly or
indirectly the owner of any stock in or bonds of any association, com
pany or corporation.
P O P U L A T IO N O F S T A T E .—Washington forma one o f the progres
sive states In what is called the Pacific Northwest, and its population is
tieliig constantly and decidedly enlarged. It is one o f a quartette of
States (namely North Dakota, South Dakota, Montana and Washington)
for whose admission Into the Union Congress provided by a single act
in 1889 (Act of February 22, 1889), and which became members of the
Union iu the same year, after certain formalities had been complied
with and the President had issued his proclamations as provided by the
act. the dates of the proclamations for the four States differing l^y only
a few days. Thus the period o f Washington’ s Statehood has as yet been
short. It is interesting to note, however, that according to tlie 1890
Census the State had a larger population than either o f the other three
states admitted in 1889—that is, the population iu 1890 was 349,390,
against but 75,110 in 1880 and 23,955 in 1870. With an extensive
eoa>t Hue, some large streams, a considerable amount of mineral laud—
the supply o f coal is said to be almost inexhaustible—a fertile soil and
a good climate, growth and development iu the future will probably be
as striking as in the past, 'h e full record of population as far back
as it goes h* given in the following.
1890.
319.390 | 1880.......75,110 |1870....... 23.955 |18G0.......11,594
In 1800-70 increase was 12,301, or 100*02 per cent; in 1870-80, 51, 101. or 213*57 per cent; in 1880-90. 274,274, or 305*13 per cent.
HISTORY OF DEBT.—T V , Wmililnsrton hcrame a Ptnt* it ot
emir**
the Territorial debt. It waafotiutl hnpnMdlile at tin
time to deU'riulue It. eu et emouut. and lienee the tlri*t section of tic
law for lanvlliu the Territorial debt authorized the bomiwtipc of only
fOhi.iDM) at a rule of Internet not to excee.1 5 jwr ceut. the pruceede l*
be applied toward* the llqitlilatlou or that debt. Iu puniiHUee of thl*
law Imiide hewrtn* date April 1, lSIMi. wi le homed aud placed at 3*.,
per (rut lutiTe-t. tlie purchaeer. paying oue-eialitli of one per ceut
premium. It waa auleMoinently found that a balance of about twenty
thousand dollar, of Territorial ludebtedne.. waa .till left unproi-tded
for. H im. we pre.oine, has been paid by the State out of ciirn-nl
revenue, aa no further loan, have been luinle. Tlie coinlitlon nf the
BANKS— S T A T E , N A TIO N AL AND SAVINGS IN STITU TIO N S.
bonded debt at poomiit I. eouiw.jueDtly conflioal to this single Issue, the —For a new state, Washington has a large number of banks and a large
amount of banking capital. There were 70 national banks in the Stale
detail, with regard to which are a. .tated below.
last Don mb* r, having an aggregate capital of about 77 million dollars
s
LOANS
' —/afSWM
f. i ---------- P r i n c i p a l .
name *MD PuhPOPE.
P . I I. I ’u i f i M e .
W hen U n r.
« and over 14 millions of deposits. At the end of 1885 there were but 10
Funding. April 1, 1890........ 3 > Apr. 1 Apr. 1, 1 1 5
9
10
UlilX O
i.O O '.Milks, with only about a million of capital and not much more than 1^
....... 3^ Apr.
Snbiect t«» call after Apr. 1, 1»95
millions o f deposits. The Prate Auditor also reports 52 State banks,
The** liondu are payable iu gold.
|f^TEREST i* payable at tlie office of the BtnteTrcaanrer in Olympia- savings institutions and trust companies which May 31, 1892, had
TO TA L DEBT.—The total funded debt on October 31. 1892, was $4,118,589 capital; $659,587 surplus and profits, and $0,150,484 de
posits.
$300,000; outstanding warrants, $152,433; gross debt, $752,435.
STATE
148
,---------- 1892--.-------- . ----------- 1885.---------- National.
W a s h in g t o n .
[D e e .
State.
9,’92 .)
(M a y
Vol. L Y I
CITY 0Uf?i£MElVT.
National.
Stale.
3 1 ,’92 .) (Dec. 24.)
Humber o f banks......
70
52
16
. ...
C apital.......................$7,895,000 $4,118,589 $1,050,800 .................
Burplus and profits... 3,000,133
059,587
575.941 ................
Deposits, individual . 14,080,717
6,150,484
1,552,099 .................
The State and national banks combined at tbe latest dates bad about
12 million dollars capital and 20tjmillion dollars deposits. Of tbe
above deposits o f tbe State banks, $545,117 were savings bank de
posits held by six institutions.
P IE R C E
C O U N T Y . — J. C.
Tbe county seat is Tacoma.
LOANS—
When Due.
F u nding B onds , G o l d —
6s, J&J, $200,000... .June 1,1911
Stibj’ t to call after J u n e!. 1901
5s,M&N, $200,000..May ’02 to ’ 12
($20,000 due yearly.
Bonded debt (last returns) $200,000
Floating debt............
73,332
Total debt..................
273,332
Sinking fund about...
25,000
F a ir c h il d ,
Treas.
N et debt (last returns) abt. $24 8,332
Tax valuation 1892....45,984,187
Equalized valu’ n, real..58,445,970
do
personal.
7,844,010
Total valuation 1891. ..66,289,980
Equalized val. is abt. 4-5 actuaL
State and Co. tax (per
($1,000).................. abt. $7-00
Scbooltax(per$1.000) abt.
4-00
Population in 1890 was...... 50,940
INTE R EST and principal are payable at tbe Cbase National Bank
N ew York.
C it ie s , C o u n t ie s
and
T
owns
S T A T E OF W A S H IN G T O N .
C L A R K E
C O U N T Y . — A. J. C o o k , Treasurer.
County seat is Vancouver.
LOANS.—
When Due.
Co u r t H ouse B onds —
6sDec. 1, $40,000 . . . Dec. 1,1910
Subject to call $-1,000
eaoh year after Dec. 1, 1900
F u n d in g B onds —
6s, A&O, $39,000...... Aug. 1, 1909
Total debt (last returns). $90,000
T ax valuation 1892........ 5,510,668
Population in 1890 was...... 11,709
Population in 1880 w as...... 5,490
IN TE R E S T payable in N ew York.
C L A L L A M
C O . — County seat is P o rt Crescent.
Funding bends............... $50,000 I Population in 1890 w as........2,771
Tax valuation 1892....... 3,284,708 |Population in 1880 w as........ 683
C O L F A X . — H. H. M cC ord , City Clerk.
Colfax is in Wliitman County.
LOANS—
When D u e . I T ax valuation, real........$750,726
M u n ic ip a l P ir p o s e s —
|T ax valuation, personal. 728,288
6b, F&A, $18,000...... Feb. 1,1912 I Total valuation 1892...... 1,479,014
W vter W o rks —
I Assessment is % actual value.
6s, F&A, $47,000...... Feb. 1,1912 I Population in 1890 w as........1,649
Total debt June 1,1892....$65,000 |Population in 1880 w a s....... 444
IN T E R E S T is payable in Manchester, N. H.
F A IR
H A V E N .—
This city is in Wbatcom County.
I m pr o v e m e n t B onds —
I Population in 1890 was........4,076
6s........ $75,000...................... 1912 |
J E F F E R S O N C O . — T. M. H
County seat is P ort Townsend.
LOANS—
When Due.
Co u r t H ouse & B o ad —
6s, Jan., $225,000___Jan. 1, ___
K IN G
C O U N T Y .— Byro n P
L E W IS
J r ., Treas.
am m on,
T ax valuation 1892___$5,146,038
State and C o .tax p .$ l,000
$16-30
Population in 1890 w as....... 8,368
County seat is Seattle.
LOANS—
When Dice.
Co u r t H ouse B onds —
6 b, .T&J, $200,1)00....Sept. 1, 1909
F u n d ing B ond —
58, F& A, $113,000....Feb. 1,1908
Interest payable at N at. Park Bk,
N. Y . City, and at Seattle, Wasb.
h elps,
Treas.
Bonded debt Feb. 1,’93. $313.000
T ax valuation 1892___ 58,000,000
Assessment is about % actual val.
State tax (per $1,000)........... $2-50
County tax (per $1,000)...... 3*16
Average school ta x ............... 6*25
Population in 1890 w as..... 63,989
C O U N T Y . — County seat is Cliebalis.
LOANS.
When due.
5^8, J&J, $100,000...Jan. 1, 1903
($10,000due yearly) to Jan. 1,1912
R. SM
Mayor.
A N G E L E S . - N. F. K IEITH, N , Treas.
P.
RNA
P ort Angeles is in Clallam County.
$71,000
LOANS—
When Due. Total debt Aug. 1,1892.
M u n ic ip a l B onds T ax valuation, real...... 1,205,380
68, F&A, $50,000....... Feb. 1, 1912 T ax valuation, persoual
204,877
Interest payable in N ew York.
Total valuation 1892... 1,410,257
Bonded debt Aug. 1, 1892.$50,000 City ta x (per $1,000)........... $10-00
Floating d e b t ................... 21,000
PO R T
IN THE
T ax valuation 1892___ $7,533,515
Population in 1890 was___11,499
Population in 1880 w as___ 2,600
P O Rv T
x w
x
T O Wv N S E N iD>. ___5 W .H - T U C K ER , Mayor.
Jv
J
BOWEN, Treas.
This city is situated in Jefferson County.
Seventy thousand three hundred and sixty-three dollars ($70,363) of
the floating debt is made up o f street improvement warrants, which are
payable by special assessments on property benefltted.
LOANS—
When Due. T ax valuation, personal- $377,733
Cit y B onds Total valuation, 1892___ 4,461,648
68, J&J, $85,000....... July 1, 1911
Assessment is >3 actual value.
2
Int. paid by Laidlaw & Co., N. Y. State tax (per $1,000)......... $3*00
Bonded debt Feb. 1,1893. $85,000 County tax (per $1,000)___ $14-00
F oatin gdebt................... 102,102 City tax (per $1,000)............ 7*00
Total debt Feb. 1, 1892.. 187,102 Average school ta x ............... 3*00
T ax valuation, real....... 4,083,915 Population in 1890 was....... 4,558
S E A T T L E . — J. M. C a r s o n , Comptroller.
Seattle is situated in K in g County.
LOANS—
When Due.
Co n d e m n a tio n A w a r d B onds —
5s. g, A&O, $220,000g.Apr. I, 1912
F unding B onds —
5s. J&J, $460,000...... July 1.1911
5s, g, A&O, $135,OOOg.Apr. 1, 1912
G e n e r a l B onds —
5s, g, A&O, $240.000g.Apr. 1, 1912
G r a n d St r e e t B onds —
8s, M&S, $20,000....................1895
($5,000 yearly) to 1898
J u dgm ent B onds —
5s, g, A&O, $275,OOOg.Apr. 1,1912
Se w e r B onds—
5s, g.,J&.r. $190,000 g. July 1,1912
w a te r B onds
es. g, J&J, $205,000 g j n l y 1,1912
W a t e r a n d Se w e r B onds —
5s, J&J, $955,000...... July 1, 1910
IN T E R E S T on all bonds is payable in New York and on water bond
at tbe office o f tbe City Treasurer also.
T A X FREE.—A Jltbe bonds issued by this city are exem pt from
axation.
T O T A L BO ND ED D E B T on January 1, 1893, was $2,565,000;
water debt (included in total) $950,000; floating debt, $530,000; total
debt, $3,085,000.
ASSESSED V A L U A T IO N in 1892 of real estate was $37,892,331;
personal property, $5,910,385; total, $43,802,716; county ta x rate
(per $1,000), $12-25; city tax rate (per $1,000), $12-60. In 1-01 real
estate was $38,386,755; personal property, $6,239,740; total, $44,626,495; total tax (per $1,000), $12-50. In 1890 tbe total valuation was
$26,340,000; tax rate (per $1,000), $27-00; property is assessed at
“ about 85 per cent o f its actual value.”
L IN C O L N
C O . — County seat is Sprague.
County bonds, 6 s ........... $60,000 I Population in 1890 w as........9,312
T ax valuation 1892....... 5,426,249 |Population in 1880 w as.................
W A T E R W O R K S .—Tbe net income to tbe city from its water
works in 1893, after paying tbe interest on tbe total c ity debt, is
estimated to bo $70,000.
N E W
P O P U L A T IO N .—Tbe population in 1890 was 42,837; in 1880 was
3,533.
W H A T C O M .-{
Tiiis is the county seat of Whatcom County. Interest is payable in
N ew York.
LOANS—
When Due.
T ax valuation, r e a l___ $7,000,000
G e n e r a l M u n ic ip a l B ondsTax valuation, personal. 200,000
68, J&D, $150,000....Dec. 1,1911 Total valuation 1892___ 7,200,000
W a t e r B onds 1893—
Assessment is *2 actual value.
5s, . ... $250,000....................1913 County ta x (per $1,000)___ $22*50
Optional at the rate o f $25,000 City tax (per $1,000)............ 5*50
yearly aftei ten years from date. Population in 1890 was....... 4,059
Bonded debt Jan. 1,1893 $258,000 Population in 1892 w as....... 8,500
City lias no floating debt.
N O R TH
Y A K I M A . — G. 0. N
e v in
,
Treas.
This eity is situated in Yakim a County. A ll bonds issued by tbe city
are exempt from taxation.
LOANS—
When Due. Cash in treasury............ $11,800
F u nding B onds—
N et debt Jan. 1,1893___
91.700
6s. J&D, $30,000...... Dec. 1,1915 T ax valuation 1892........ 1,700,000
Se w e r a g e S ystem —
Ass’s6m’ntabt. 65 to 70 p.c. act. val.
6s, M&N, $60,000....Nov. 2, 1911 State ta x (per $1.000)........... $3-00
Interest payable in N ew York.
County tax (per $1,000)...... 9-00
Bonded debt Jan. 1, 1893.$90,000 City tax (per $1,000).............10-00
Flouting debt................... 13,500 Population in 1890 w as....... 1,535
Total debt Jan. 1,1893.. ..103,500
O L Y M P I A . — J. 0. H
orr,
Mayor.
Olympia is situated in Thurston County.
When Due. Total debt (last returns) $235,000
LOANS
F u nding B onds—
Tax valuation, re a l...... 5,554,138
6s, J&J, $45,000....... July 1,1920 T ax valuation.personal.
762,832
Subject to call after July 1, 1910 Total valuation 1891... 6,316,970
Cit v B ondsActual valuation about. 8,000.000
68, semi-an., $115,000................... T ax rate (per $1,000)...
$6-00
Bonded debt (last return)$160,000 Population 1890 w a s ...
4,698
Floating debt...............
75,000 Population 1880 w a s ...
1,232
INTEREST on funding bonds is payable in N ew York; principal and
Interest on city bonds in Olympia, Chicago, Boston and N ew York.
S E A T T L E S C H O O L D IS T R IC T NO. 1 -T h is school district is
In KingCounty and it includes tbe c ity of Seattle.
Bonded debt................ $350,000 |Value of school prop’ty $450,000
T ax valuation............. 44,607,165 |Population 1890 w as...
44,914
S P O K A N E .—
This eity is situated in Spokane County.
Total debt May 1,1892.$1.320,000
T ax valu a tio n ............. 32,547,048
F unding B onds—
6s, A&O. $700,000....0et. 1, 1911 Real value (estimated).42,000,000
Value of water-works.. 1,000,000
W a t e r B onds —
6s, ...... $120,000
........ 1909 Population in 1890 was___ 19,922
6s, A&O, $500,000....Oct. 1,1911 Population in 1892 (e st.)...30,000
IN T E R E S T and principal o f tb eb o n d so f Spokane are payable in
gold at tbe office o f tbe N. Y . Guaranty & Indemnity Company.
LOANS—
S PO K A N E
When Due.
C O . — D. S. P
County seat is Spokane.
LOANS—
When Due.
F u n d ing B onds —
6s, Jan., $183,000...... Jan. 1,1911
Interest is payable in N. Y. City.
Total debt Feb. 1, ’93.
$183,000
T ax valuation 1892... 33,942,789
resco tt,
Treasurer.
Assessment is % actual value.
State tax (per $1,000)........... $2*74
County tax (per $1,000)....... 8*00
Average school ta x ............... 5*00
Population in 1890 w as.......37,487
S P R A G U E . — J o h n B a r l o t , Town Treasurer.
Sprague is in Lincoln County.
LOANS—
When Due.
E le c tr ic L ig h t a n d W a te r —
6s, J&J, $35,000....... July 1, 1912
Bonded debt July 1,1892 $35,000
Floating d e b t................... 11,000
Total debt July 1,1892...$46,0007
Tax valuation, re a l......... $645,800
T ax valuation, personal. 120,000
Total valuation 1892...... 765,800
Population 1890 w as.............1,689
INTEREST is payable in N ew York City.
April, 1891
m v ffiii-m s r
S T E V E M3 CO.—
B.
Treas.
Frank
G o ettee,
County .sea is Colville.
Bonded debt May 1,1892,*35,000 Mot debt M ay 1,1892..
$59,903
Bloatins: debt.................. 51.411 Tax valuation 1392___ 2,246,137
Total d ebt............
86.111 Population in 1390 w as....... 4,311
Cash on band.................... 20,538 Population in 1SS0 w as....... 1,245
'T A r n M
A
5 REO. B. CANDLE, Mayor.
1 A t e t e J i V l A . — ) c,EO. tv. BOGGS, Treasurer.
Tacoma is the county scat o f Pierce County.
The city has never defaulted la the payment of principal or interest
an any o f its obligations. The citizens o f Tacoma w ill vote on the
question of buying the city water and electric-light plant now owned
by private parties. The pries to he paid is $1,850,000 in cash or 5 per
retd bonds o f the city,
LOANS—
W ien Due.
R erun t>rxG B onds —
C jtt H a m . B onds —
6s, AAO, $350,000. .Apr, 15,1911
«e , A&O, $200,000.. Apr, 15,1911 |
P A R V A L U E .—Bonds are for $1,000 each.
INTEREST and principal ace payable at the office o f the Mercantile
T r im Company, N ew York.
T O T A L D E B T .—The bonded debt on March 15.1892 was $550,000;
Boating debt, $572,305; total debt, $1,122,3#; cash on hand, $226,099; net debt, $890,260.
ASSESSED VALU A TIO N in 1392 of re a l estate, $39,955,293; of
personal property, $1,945,162; total, $44,900,455. In 1891 the total
valuation was $32,21.8.944: tar. rate (per $1,000) $11*50. Property is
aaeessed at “ about 65 per cent o f its actual value.”
P O P U L A T IO N . - I n 1890 It was 36,006; in 1880 it was 1,098,
TA C O l l A S C H O O L D IS T R IC T N O . 10.
LOANS—
Wien Due.
P o nd in g B onds —Go t,n :
Btiti-oieiu Bo n d * —G o l d .
r,<. F A A , $64.000...... Any. 1,1911
to. F *A , #60,000...... Amr. 1, 1911 Total debt, June 1,1891 $105,000
Tax valuation is over. 32,000,000
T H U R S T O N C O U N T Y . — 0. B. M a n x , Treas.
County seat to Olympia.
LOANS—
When Due. Total debt Mar. 1,1892. $235,400
l T a x valuation 1892.. ..10,037,697
•■4a , ----- $30,000..................1911 I T ax valuation (real)___ 11,565.396
Subject to cull after 1901.
Tax valuat’ n (personal). 1,332.176
* «. April. #100,000
Apr. 1, 1911 i Total valuation 1391...12.797,572
Ftrsm ao B no *—
T ax valuation S,n o f actn.-.l value.
do, MAM. #73.000.......May 1, 1909 ; suite, ta x (per $1,000).
$3-00
Subject to Bail after May 1,1904 i County tax (per $1,000)
6-00
Interest payable in N\ Y . City and City tax (per $1,000)...
6 00
Olympia.
Average school ta x ......
2-00
Bonded debt Mar. 1,1892.$205,000 Population in 1890 was....... 9,675
Floating debt............
30,400
V A N C O U V E R . — Tlds city m situated in Clark Comity.
LO ANS—
W hen Due, I Par value o f bonds,*,..
$1,000
0 « u i B ourn—
[ Total debt (last returns)
55,000
$*, MAS, $55,000. ...Mar. 2, 1911 j Tax valuation............. 1,750,000
IN T E R E S T
payable In New I Population 1890 in w a s ......3,545
If o rk .
Both principal and interest o l these bonds is payable in gold.
Y A K I M A C O U N T Y . -G. 0. m vm , Treas.
County seat is North Yakima.
LO AN S"
When Due.
BKSMEXPTtOR Bojtds—
to.
- 80,000____ July 1.1012
iubjeet to «U I after ten years.
Interest in payable in New York.
Bonded debt July 1,1
$80,000
73,930
yioattng debt — ...... *.
153.930
Total debt
33,051
Sinking fund
,120,*.
Met debt July 1,1802
Tax v a i nation, real.... .$3,T20;996
Tax valuation, personal 1.020,025
Total valuation 1892... *1,147,021
Assessment about. % actual value,
8rate m % (per *f1 ,0 0 0 )........ $3*00
* County tax (per $1,000). .. .. 0*00:
1Boad^bridgetax (per$1,000) 2*50:
I A vemge school ta x .......
4*00
| Population in 1890 w a s ......4,420
Fopulatltm la 1880 w a s ......2
,,811
State of Nevada.
DEBT, RESOURCES, E tc.
O cg.'uuzt ■ x- a Territory ( Act March 2, 1861) - March 2, 1861
i
Admitted as a State ( A ct March 21, 1864)
Oct, 31, 1864
Total area of State (square miles)
.
.
.
112,090
-tei*. < M au i
Carson City
Governor (till Tues, aft, 1st Mon, Jan. 1895)
R. K . Colcord
Secretary o f State (ttllTues. aft. 1st Mon, Jan, ’95) O. H . Grey
Treasurer (till Tues. aft, 1st Mon, Jan, ’95) - John F, Egan
legislature meets biennially in odd years on the third
Monday in January, and sessions are limited to sixty days.
H IS T O R Y O F D E B T.—Tie Territorial debt which Nevada was called
, poi, to asimme on toMomiuga-St-vtc w3s$2#4,110*47. Of this $225,000
was represented by outstanding bonds and $39,110 47 by warrants.
The < .! Mon <:f the Territory’s credit at that time Is well Indicated by
••.•
the fact that o f the bonds o f the Territory none o f them bore less than
10 per ceTit interest and about $69,000 boro 18 per cent interest.
This wee a poor start for a now and sparsely-settled section o f the
country. But I t « as only a brief period before the youn g State had
Changed all (bat. By progressive steps the rate o f interest was cut
down, and now all tlm bond- outstanding boar only 4 per cent interest
r.■ r
‘irredeemable one jssard to the School Fund, Itm a y n o tb e
generally understood why educational Interests are so well provided
fur la tip. young ■- t**. For at th* *1* -’ o f 1890 the School Fund held
*i~i
14®
or
not only this $380,000 but $142,000 more of the State’s bonds and
$450,000 United States 4 per cents, while the State University Fund
held all the rest of the State’s debt and $50,000 of United States bonds.
The explanation of this condition of affairs will be found in the State
Constitution, and also in the fact that certain public lands were granted
the State b y Congress for the benefit of the public schools, and that
subsequently in lieu of the State relinquishing the original grant to the
United States, two million acres were ceded to the State. Nevada’ s
original Constitution, article 11, section 3, provided that all estates
that may escheat to the State, all the proceeds from land sales, &e.,
“ shall be and the same are hereby solemnly pledged for educational
“ purposes,” and all “ the proceeds derived from any of the above-men“ tioned sources ” shall be “ invested in United States bonds or bonds of
“ this State,” * * * and “ that the interest only of the aforesaid pro“ ceeds shall be used for educational purposes.” In 1887 this section
was amended so that now these funds can also be invested in “ the
“ bonds of other States of the Union.” Of course in the recent situation
o f the United States bonds, their number rapidly decreasing, it is no
surprise that the School Funds have absorbed the State debt. The de
tails of the debt as it stood at the beginning o f 1893 are as given below .
--------- P rin c ip a l. --------- ,
LO A N S —
- Interest .— , ,
—
NAME AND PURPOSE.
P . Ct. Payable. When Due. Oatstand’ff
School bonds*Apr. 1,1879___ 5
J & J Irredeemable $380,000
do
Nov. 1,1887....
4
J & J Nov. 1, 1897
14.000
do
Sept. 1,1889....
4
J & J Sept. 1, 1899
20.000
do
Oct. 1,1889....
4
.T & J Oct. 1, 1899
20;000
do
Nov. 1,1899....
4
,T & .1 Nov. 1, 1899
20,000
do
Aug. 15,1891.-.. 4
J & J Aug. 15,1901
10,000
J & J Sept. 1, 1901
20,000
do
Sept. 1,1891---- 4
do
Nov. 1,1891....
4
.1 & J Nov. 1, 1901
20,000
do
Mar. 1 ,1 8 8 2 .... 4
J & J Mch, 1, 1902
18,000
do
Apr. 1 ,1 8 8 2 .... 4
J & J Apr. 1, 1902
13,000
Uni versify bonds t May 1, 1889 4 J & J May 1, 1899
5,000
do
Aug. 1, 1889
4 J & .T Aug. 1, 1899
5,000
do
Oct. 1, 1889
4 J & .1 Oct. 1, 1899
5,000
do
Feb. 21,1890
4 J & J Feb. 21,1900
10,000
do
June 11,1890 4 J & J June 11,1900
10,000
do
Nov. 11,1890
4 J & J Nov. 11,1900
3,000
■ These bonds are ail held by the State School Fund,
i These bonds are all held by the University Fund 90,000 Acre Grant
PAR V A L U E O F BONDS.—Bonds are in pieces o f $1,000 eaeh.
T O T A L D 2 B T , E t c .—T he subjoined statement shows the total
debt of the State (exclusive of the irredeemable bond for $380,000)
and the cash in the State Treasury applicable to the payment of the
same on January 1 of each of the last two years. In 1891 the assets
exceeded the bonded indebtedness by $15,962.
1893.
1892.
1891.
The total debt (exclusive of the
$380,000 bond) January 1 wag.$218,282
$222,913
$199,888
Cash in treasury January 1....... 210,655
185,159
215,850
N et d e b t.................................. $7,627
$37,754
$15,962
ASSESSED V A L U A T IO N .—The following statement shows the
assessed valuation of real and personal property in the State and the
net proceeds o f mines for the years indicated:
Tears.
Meal Estate.
Person a l
P roperty.
N et Proceeds
o f Mines.
Total
Assessment.
1892................$21,310,290
$7,617,131
$222,215 $31,318,556
1891............... 21,470,035
8,337,507
762,895 30,570,437
1890.............. 16,934,721
7,728,663
686,709
25,350,093
1889...........
17,418,101
9,211,‘ 79
1,285,493
27,915,173
1838.............. 17,013,582
9,724,796
2,109,292 28,847,67©
18.37.............. 15,649,536
10,790,670
1,557.1 ,2
27,997,338
1886.............. 16,440,245
9,308,632
'554,346
26,303,223
1885.....
17,062,944
9,400,344
939,336
27,402,624
D 8 4 .............. 17,568.271
9,029,027
1,453,686
28.050,984
1883.............. 18,845,"68
8,912,304
1.643,407 29,401,573
1882.............. 10,152,541
8,216,793
1,740,554
29.109,888
l v - l .............. 18,890,520
9,476,717
2,542,371
30,909,608
1880.............. 17,742,714
9,855,944
4,496,738 32,095,396
1875............. 15.502,392
13,737,472
17,003,869 46,243,733
1S70.............. 11,320,113
8,377,995
5,910,398 26,608,60#
1865................................
...........
3,286,672
51,984,947
The State tax rate, which for some years p^-st lias been $9’00 (peif
$1,000) has been reduced; the rate for 1892 and 1891 was $7’50.
D EBT L IM IT A T IO N ,—Nevada has In its Constitution limited th®
Stale to a nominal indebtedness, except for the purpose of “ defray,
ing extraordinary expenses” arising from invasion, war, etc,; and to
such eases the law shall provide an annual ta x sufficient to pay th©
interest semi-annually and the principal within twenty-years. Further
the State is forbidden even to assume the debt of any county, city, etc.,
or to donate or loan its money or credit, or to subscribe to the stock o f
any company, etc.
Counties, cities, towns etc. cannot become stockholders in any
company, or loan its credit, etc. But other than that the Constitution
omits to put any lim it on county, city, etc., debts; but provides that the
Legislature shall make general laws restricting their borrowing power.
The Constitutional provisions referred to are as follow s;
A R T IC L E IX ., Section 3. [State debt lim ite d .] For the purpose o f
enabling the State to transact its business upon a cash basis from it®
organization, the State may contract public debts, but such debts shall
never in the aggregate, exclusive of interest, exceed the sum o f three
hundred thousand dollars, except for the purpose of defraying extra
ordinary expenses, as hereinafter mentioned. Every such debt shall be
authorized by law for some purpose or purposes, to be distinctly speci
fied therein, and every auch law shall provide for levying au annual tax
sufficient to pay the interest semi-aimually and the principal within
twenty years from the passage of such law*, aud shall specially appro
priate (tie proceeds of said taxes to the payment of said principal and
interest; and such appropriation shall not be repealed, nor the taxes be
postponed or diminished, until the principal and interest of said debts
shall have, been wholly paid. E very contract of indebtedness entered
into or assumed by or on behalf o f the State, when all its debts and lia
bilities amount to said sum before mentioned, shall be void and of no>
etrect, except in cases o f money borrowed to repel invasion, suppress
insurrection, defend the State in time of war, or, if hostilities be threat
ened. to provide for the public defense.
,.
sectio n 4. [Slate p rohibited f r o m assum ing debts o f cities, <£c.] The
state shall never assume the debt of any county, town, city, or other
corporation whatever, unless such debts have been created to repels
invasion, suppress insurrection or to provide for the public defense.
A R T IC LE V III.. Section 9. [State shall not loa n Us money o r cred it # , }
The State shall not donate or loan money or its credit, subscribe to osbe interested in the stock of any company, association or corporation,
except corporations formed for educational or charitable purposes.
150
6W E
fiW
CITY
A R T IC L E X V II., S e c t io n 7. [Stale to assume debts o f the Territory.1
A ll debts ami liabilities of the Territory o f Nevada lawfully incurred, and
which remain unpaid at the time o f the admission o f this state into the
Union, ahull he assumed by aud become the debt o f the State o f Nevada
J ’rorided. That the assumption o f such Indebtedness Khali not prevent
the State from contracting the additional indebtedness, as provided in
Section 3 o f article 9 o f this Constitution.
A R T IC L E V III., .Bkction 10. [County, city, town dc. wot to be
stockholder*, rfr.l N o county, city. town, or other municipal corporation,
shall become a stockholder in any Joint-stock company, corporation or
association whatever, or loan its credit in aid of any such company
Corporation or association, exce.pt railroad corporations, companies oi
associations.
Section 8. [Cities and toxrns to be restricted by general lams). The
Legislature shall provide for the organization o f cities and towns l»y
general law s; and restrict their powers o f taxation, assessment, bor
row ing money, contracting debts, and loaning their credit, except for
procuring supplies o f water.
P O PU LA TIO N OF S T A T E .—Though Nevada has some good grazing
land, the mining Industry, more particularly silver mining, has had
chief attention, aud with the decline o f this, population has also declined,
the Census o f 1890 showing a total or only 45,701 persons, against
62,266 In 1880. The famous Comstock lode is located within Nevada,
but the silver production o f the State has greatly fallen off hi recent
years. Additional railroad facilities would be o f great help, as there
are less than a thousand miles o f road, while the total area o f the State
1 110,700 square miles. Doubtless, also, there w ill hereafter he less
h
exclusive reliance upon silver, and under a greater diversification of
industries population w ill of necessity expand. The full record of
population is as follows:
1890 ...... 45.701 | 1880.......02.260 |1870........ 42,491 | 1860........ 6,857
In 1800-70 increase was 35,034, or 519*07 per cent, and in 1870-80
19.775, or 40*54 per cent; in 1880-90 there was a decrease o f 16,505, or
26*51 per cent.
B A N K S -S T A T E , N A T IO N A L AND SAVINGS IN S TITU TIO N S.
—Nevada has two national banks now. against one in 1885. These
two banks have not quite $300,000 capital and somewhat over $520,000
deposits.
------------ 1892------------ .
------------ 1885--------National,
Slute.
National.
State.
N evada .
{Dec. 9.)
{Dec. 24.)
No. of banks.........
2
....
1
Capital................... $2*2,000
$75,000
Surplus & profits.. 155,558
41,507
Deposits, individ’l. 520.317
213,817
Besides the two national banks, there are four other banking estab
lishments in the State, namely, the Bank o f Nevada, at Reno; the Bul
lion & Exchange Bank, at Carson City; Foley & Meyer, at Eureka, and
the Henderson Bankiug Co., at E lk o : but as there is no M ate law re
quiring an examination o f the banks, figures as to their condition are
not available, and lienee the column for the State banks in the above is
blank.
C it ie s , C o u n t ie s
T
and
owns
IN T IIE
STATE OF NEVADA.
H U M B O L D T C O .—
The county seat is Winnemucca.
P
ablo
L
aveaga
Vol. LVI.
S V T V L ty itm
T ax valuation, r«*al......$3,275,456
T ax valuation, person’ l
941,005
1Os. JjSiJ. $52,<KM)...................1895 Total valuation 1892... 4,216,461
I nt* rest payable at Winnemucca. Assessment same as actual value.
Bonded debt Jau. 2,1893..$52,000 M ate tax (per $1,<K)0)........... $7*50
Floating debt.................... 23,475 County tax (pt r $1,000)........ 10*50
Total debt......................... 75,475 Average school t a x .............. 3*00
Sinking funds.................... 33,101 Population in 1890 was....... 3,131
Net debt Juu. 2, 1893........ 42,074 Population in 1880 was........3,480
LOANS—
W hen
Court House B onds—
D ue.
L A N D E R C O U N T Y . - 1. II.
T
The county seat is Austin.
Railroad bonds. 6 p. c __ $110,000
Total debt 1892............... 117.405
Cash in treasury 1892... 59,073
T ax valuation, r e a l.........1,300,405
D
alto n
,
Treas’r.
I T ax valuation, personal. $394,207
|Total valuation 1*92 .. .1.754.072
i Total tax (per $1.*j0 o ) ........$30*o0
|Population in 1890 was........ 2,206
L I N C O L N C O U N T Y . - W . H.
D
o o ley,
Treas,
The county scut is Pioclie.
County bonds, 10 p. c...... $181,462 Tax valuation, personal..$187,709
In terest........................... 169,701 Total valuation 1892...... 575,955
Funding b on d s...............
19,697 Total tax (per $1,000)......... $32*50
34,400 Population in 1890 was....... 2.4-6f|
Floating del»t..................
T ax valuation, real......... 388,246 Population in 1880 was....... 2,637
N Y E C O U N T Y . —A
Belmont is the county seat.
County bonds, 8 per cent. $10,000
Floating debt..................
43.635
Total debt 1892............... 53.635
Tax valuation, real......... 205,102
M
cL e a n
,
Treasurer.
T ax valuation, personal..$320,697
Total valuation 1892 ___ 580,159
Total tax (per $1,000)......... $33*50
Population in 1890 was........ 1,290
R E N O .—
Reno is governed by the Board of Washoe County Commissioners.
LOANS—
W hen D u e.
U
n iv e r s it y
B u il d in g —
P ark F und6s, J«teJ, $20,000...... Jau. 1, -----58, Dec. 1, $5.000....Dec. 1, 1890
P art yearly.
$500 yearly to Dee. 1, 1905 Total debt (last returns)
$61,000
Sc h o o l B i i l d i n g —
3.000
Sinking luud................
8s, JAJ, $13,000...... Jan. 5. ------ Net debt.......................
58.000
$500 yearly until paid.
Tax valuation 1890___ 1,400.000
Se w e k B onds—
T ax rate (per $1,000) 1890.$20*50
6s, Dec. 30, $18,000. Dec. 3 0 ,------ Tax rate (per $1,000) 1891. 24*50
Population in 1890 was................ «
$1,000 yearly until paid.
68, Dee. 1, $5,000. Dee. 1, 1896 Population in 1880 w as....... ........
$500 yearly to Dec. 1, 1905
INTEREST on the school bonds is payable at the office o f the County
Treasurer and at the Anglo Californian Bank, San Francisco; on all
other issues at the office of the County Treasurer only.
W H I T E P I N E C O . — J . B.
W
il l ia m s o n
,
Treas.
The county seat Is Hamilton.
T ax valuation, personal. .$412,000
LOANS—
W hen D u e.
R edemption B onds—
Total valuation 1892......... 793,929
68, July 1, $68,600___Jan. 1,1913
Assessment is % actual value.
Interest ] ayable at Ely, Nevada. State tax (per $1,000) 1892..$7*50
Bonded debt Jan. 18,1892.$68.000 County tax (per $1.000)...... $22*00
Floating debt (about)........ 30,000 Average school ta x ............... $2*50
Total debt (about) ........... 98,600 Population iu 1890 was....... 1,721
Tax valuation, real...........381,929 Population iu 1880 was....... 2.083
O P T IO N A L .—Bonds are subject to call whenever there is $1,000 l i
he sinking fund.
, T re a s .
T A X FREE.—A ll bonds Issued by this county are exempt from
taxation.
I
151
Dsbts
a nd
R esou rces
O P
TZ E aiE
iix r
t a e ie
SOUTHERN STATES.
IN D E X
FOR
TH E SO UTH ERN STATES.
V IR G IN IA —State. Cities, & c....................... Pages 151 to 155
W liS T V IR G IN IA —State, Cities, <kc........... Pages
CITIES.
Etc.
F LO R ID A —State, Cities, & c........................ Pages 168 to 169
K E N T U C K Y -S ta te . Cities, & c..................... Pages
156 A L A B A M A —State, Cities, & c......................Pages 169 to 171
157 to159
MISSISSIPPI—State, Cities, & c................... Pages 171 to 173
TENNESSEE—State, Cities, & c ..................... Pages
159 lo 161 O U IS IA N A —State, Cities, &c.................... Pages 173 to 174
L
NORTH C A R O L IN A —State, Cities, &c..........Pages 103 to 163
A R K A N S A S —State. Cities, & c.................... Pages 174 to 175
SOUTH C A R O L IN A —State, Cities, & c......... Pages 163 to 165 TE X A S —State, Cities, & c............ ................ Pages 175 to 179
G E O R G IA—8tate, Cities. Arc..........................Pages
165 to138
4. The ten-forties were authorized under the McCulloch law of March
28 1879. They t arry tax-receivable coupons, and were to bear 3 per
cunt interest for ten years, 4 per cent for twenty years and then 5 per
cent for ten years.
The unadjusted bonds of the above mentioned classes appear in tha
IT8
following statement. Tlie old bonds (dollar and sterling) are her#
DEBT, RESOURCES, Etc.
oomputed at two-thirds their face value on account of the deduction o f
West Virginia’s proportion.
LOANS—
- Interest.— * ,--------- Prin cipal.-------- *
—
Admitted
State
. . .
One of Original Thirteen NAME and PURP0STJ*. Ct. Payable. When Due. OuUtaruTg.
J
& J 1880 to 1895 $1,488,015
Total area of Stale (square miles) 43.450 1. Old bonds, 1851-07 (dollar) 6
do do
(sterling).......... 5
J
A J 1887 to 1888
436,315
State Capi**l Richmond 2. Con. 18711 Coupons tax i e.. 6
J
& J July 1, 1905 12,953,000
do do f receivable s r.. 6
J & J July 1,1905 1,196,548
Governor (term expires Jan. 1. 1894)
P. W . McKinney
J
& J July 1. 1905
200,900
3. Pealers’72 SCoupons not £c 0
J
& J July 1, 1905
492,650
Secy, o f (7 wealth (term exp. *Dec. 31. *93) - H. W . Flournoy
do do ) tax receiv’ le s r 0
4. 10-40s o f 1874 cp. tax rec.. 3-4- J A J Jan. 1,1913 5,710,900
State of Virginia.
as a
Treasurer (terra expires #Dec. 81, 1893) - A . W . Harman
6econd Audidor (»eim exp. D«r, 31. ’93) Joei&h Rjland
1. These bonds carry coupons o f ...........
2. Tlie consols have receelved no interest in cash since 1874, but as
their coupons are tax receivable, the bonds are generally sold with
matured coupon* off.
Under the Riddleberger Act, however, aa
amended, bond* lacking any coupon, or coupons, due since Jan. 1885
cannot be funded.
3. The Pealers have received no interest since 1874.
1 Tin* 10-40* have received no interest in cash since July 1880, bnt
.
like the consols their coupons lasing tax receivable, the bonds are often
• ThfM * official* are elected by the General Assembly and hold ottloe sold ex-matured coupon*—see No. 2 above.
M
for tw o years.
Tlie total of the above unadjusted debt .Tilly 1,1891, w as..$22,478,929
Of tliis there has been cam eled uuder tlie act of February
23, 1892, and new certificates issued, which are held by
S T A T E DEBT AS IT WAS.—Prior to the recent settlement made
Virginia’s schools and colleges......................................... 2,158,094
by and between the Virginia Debt Commission and the Bondholder*
$20,320,835
Total outstanding.
Committee the only bond* o f the State receiving Interest In cash were
On the above outstanding unadjusted debt there was a total amount
the so-called Kiddlcbenrer bowl*. burned under the Act o f 1882. and of
tb«me bonds Uii**e held In the sinking fund had received no interest o f interest unpaid up to July 1891 $9,293,256, the particular*
since 8e|»t. 2, 1880. Nominally, there were outstanding of tills issue o f which are subjoined.
Interest
#8.688,303, but o f Kris amount those In the State Sinking Fund ($2,- Class o f Bonds.
unfunded,
.
Interestf when due.
357^76] have b*Tn canceled underact o f February 20,1892, leaving
$2,002,052
Old bonds............................. To July 1890 inclusive
only #0.3.M,78 i drawing interest. O f this latter suin the State Liter Consols..................................
5,617,674
do
do
do
304,741
do
do
do
ary Fund hold* #1,389,327. Consequently there are now outstanding Pealers..................................
1,368,788
Ten-forties.............................
do
do
do
of the Klddletierger bowl* (In amount. Ac.), held and described as set
out below, the coupon bond* being #300 and #1.000. the registered
$9,293,256
Total interest.
20,320,835
bond* #100. #300 and *1,000 each, and the Interest payable at Rich Add principal......
mond.
Total principal and Interest...........................................$29,614,091
LegifU tnre meets biennially in odd years on the first Tues
day in December, and sessions are limited to 90 davs. but may
be extended for a further period not exceeding 30 days, pro
vided three-fifths of the members elected to each bouse concur.
LOANS—
f-— Inlrr§**t—*
-------- P rin cip a l .------- -
This $29,614,091 shows the unadjusted outstanding debt of the State
of Virginia as It stood July 1,1891, but included in this amount there
are held by the United States in trust for certain Indian tribes old unfuuded registered bonds amounting to $581,800. on which interest i*
due to July 1, 1891, amounting to $913,878; total, $1,495,678; twothirds of which, setting aside one-third for West Virginia’s portion,
T otaL............................................................................... #0,330,780 amounts to $997,118 07, against which tlie State of Virginia holds
Other than the foregoing the debt o f Virginia consisted of a various claims against the United States which are considered an offset. Mak
lot of au*<!Ju*ted bond* the name* and description o f which were as ing this deduction, we have as the unfunded debt o f Virginia fundable
uuder act o f February 20,1892, $28,616,972 98.
follows:
RrmM.r.rti. ICOKR R o t o * -
R u l e . P a y ittie.
W hen D u x.
O n tstn n tV n .
I**iirtl under act o f 1882....... 3
J. A J. July 1.1932 #0,330,786
These bonds are subject to call at any time after July 1, 1900,and the
amount (#8,330,7*0) U. a* stated, held a* follow*.
lie 'll In hand" o f the public............ ..................................... #4,941,459
Held by Mate Literary Fund ............................. ............... 1,389,327
1. The nit / h n n r t » (dollar nnd sterling) arc those issued berore the war
and under the *et* « f 1869-07.
2. Thec«ni«»|* <al*«* called aerie* A bonds) are those Issued under the
first funding law of March 1871. which allowed holder* to fund two
third- of flu'frdeht info new 0 j* r cent bonds bearing coupons receiv
able for taxes. and t«» receive for the other one-lhlnl o f iheir principal
and overdue interest a “ deferred certificate” to i»« charged to Wes
g j Ay £ D E B T AS IT N O W IS —The entire unsettled debt o f the
State o f Virginia outstanding in tlie hands of the Public on tlie ffrat of
July 1891, was assumed by the Virginia Debt Commission, representing
the State, and the Bondholders* Committee, representing her creditors,
to be iu round numbers twenty-eight million dollars ($28,000,000),
Virginia.
principal and interest.
A t)W **Pealers" were Issued under the art of )«72. which repealed,
In estimating In the act o f February 20,1892, the debt at $28,000,a* rn iH>nd* Ifcsttifier Issued under the act of 1871 tlie tax-receivable 000, it was thought that some portion o f the debt of the State might
elausc therein « untamed.
152
Vol. LVI.
ST^TE AND CITY SUffltM EflT,
never be presented, being probably lost, the debt running through so
many years.
On the 19th of November 1891 an agreement was entered Into
between the Governor o f Virginia and tho Debt Commission on the one
hand, and Mr. F, P. Olcott and Mr. Hugh R. Garden, representing the
Bondholders’ Committee, on the other hand, whereby the said Bond
holders’ Committee agreed to surrender to the State not loss than
twenty-three million dollars ($23,000,000) o f the twenty-eight million
($28,000,000) o f outstanding debt in exchange for new bonds bearing
date July 1st, 1891, payable in one hundred years (100) with interest
at the rate of two (2) per centum for the first ten years and tlireo (3)
per centum thereafter.
The amount to be receivedforsuld twenty-three millions ($23,000,000)
being in the proportion o f nineteen thousand ($19,000) new bonds for
every twenty-eight thousand ($28,000) old, thus making the entire
issue nineteen millions ($19,000,000) o f new bonds for the twenty-eight
($28,000,000) of old bonds to be canceled.
This agreement was ratified by the Legislature by an A c t ap
proved February 20th, 1892. The A c t provides amongst other things
that the new bonds shall be exempt from ta x a tio n ; that a suilieiout
Sinking Fund shall be set apart fo r their redemption, beginning with
the year 1910 ; all fiduciaries may invest in the new bonds.
The A c t further provides that the bonds then in the Sinking Fund
houidbe canceled. That the Riddleberger A c t February 14th, 1882,shall
be repealed. That to the holders o f what are called “ old bonds” out
standing, surrendered under this settlement, there shall be given in
addition to the proportion to which they are entitled from Virginia a
certificate showing that West V irginia is indebted to them for one-third
t%) o f said bonds.
By an A c t passed at the same session, the bonds held by the colleges
and eleemosynary institutions o f the State shall be canceled and the
appropriations to said institutions b y the State are to be deemed ex
penses o f Government.
The effect of this legislation w ill be to coniine the debt of the State to
tw o specific classes (1) the Riddleberger three per cent bonds of 1882,
amounting approximately to six million (being the total outstanding)
less the amount in the Sinking Fund), which latter has been canceled
as above mentioned
(2) The other class w ill be the Century bonds of 1892, amounting to
nineteen million dollars ($19,000,000), making V irginia’s debt stand
substantially as follows:
LO AN S—*
— Interest.— , ,----------P rin cip a l.------—
N A M E A N D P U R P O S E.
P . Cl. Payable. When Vue. Oulstand’g.
Riddleberger Bonds, A c t of
1 8 8 2 ............................... 3
J & J
July 1,1932 $6,330,786
Century bonds, a c to f 1892..2&3 J & J
Juiy 1,1992 19.000,000
The interest on the Century bonds, as explained in the foregoing re
marks, is 2 per cent fo r the first 10 years and 3 per cent thereafter.
There have been presented by the Bondholders’ Commiitee to the
Commissioners of the Sinking Fund for verification, classification and
exchange under said act of February 20,1892, the follow ing securities:
Total issued under act o f March 30,1871........................... $16,488,085
T otal issued under act o f March 30,1871, amended by act
of March 7 . 1872 ...............................................................
296,821
T otal issued under act o f March 28,1879........................... 6,220,013
T otal issued under acts passed prior to Ap ril 17,1861, and
under act March 2,1866, and sterling certificates uuder
act March 30,1871.............................................................
1,657,429
Total presented for verification..................................... $24,662,347
Deduct West Virginia's portion o f old debt—
Interest-bearing certificates................................. $265,109
Non-interest-bearing certificates.......................... 287,972
----------553,082
Amount redeemed by Virginia in proportion of 19 to 28...$24,109,267
Amount of new manuscript bond issued therefor............... $!6,359,e60
On which interest has been paid for January and July, 1892, and
January, 1893.
The follow ing securities have also been received by the Commission
ers o f the Sinking Fund under the provisions o f the said a c t:
Consols and interest................................................................... $220,517
Peelers and interest...................................................................
785
Ten-forties and interest............................................................. 197,169
O ld unfunded.............................................................................
28,983
Total surrendered to Commissioners...................................$447,455
Deduct West V irginia's p rop ortion rInterest-beariug i ertificatcs.......................................... $5,620
Non-interest-bearing certificates................................... 3,743 — 9,364
Amount to be redeemed b y V irg in ia ..!................................. $438,090
k e c s it t u l a t io n
.
Unfunded debt fundable under act o f Feb. 20,1892.......... $28,616,972
Surrendered by Boi dholders’ Committee........$24,109,267
R eceived by Commissioners o f Sinking Fund.
438,090—24,547,358
Leaving outstanding........................................................ $4,069,614
F o r the manuscript bond referred to above the State is prepared to
issue engraved bonds whenever applied for by tbe Bondholders’ Com
mittee. The delay in issuing the engraved bonds is due to tile failure
o f the distributing committee. appointed by the Bondholders’ Commit
tee to fix tbe basis
M i.,., i >.• .... • in c ••
oral classes o f seeuri
ties, to make its repi-i .
W E S T V IR G IN IA C E R T IF IC n TEL-—In tbe settlement o f 1871 it
■was assumed that West Virginia should provide for one-third the prin
cipal and interest of the then existing debt—for $15,239,370—that is
out of the total debt of $45,718,112. To represent, therefore, West V ir
ginia’s share of bonds funded “ deferred certificates” were issued. A ll
efforts, however, to induce West Virginia to take recognition of these
■certificates have thus far been unavailing. In 1885 the holders of about
$8,000,000 certificates united for tbe purpose o f obtaining a comprom
ise, and deposited their holdings with the Farmers’ Loau & Trust Com
pany, which gave its trust receipts therefor. This attempt came to
nothing, and in 1890 Messrs. C. Satterthwaite & Sons, o f No. 30 Throg
morton Street, London, E. C., started another movement to bring about
a settlement.
Besides the original "d eferred certificates” there were subsequently
issued under tbe Riddleberger A ct “ West Virginia interest-bearing cer
tificates," to represent one-third the p rin cip a l of the old bonds brought
in for funding, and “ non-interest-bearing certificates” to represent onethird the interest on old bonds brought in for funding. Now, under the
agreement with the “ Bondholders' Committee,” the holders of the
“ Old Bonds ” surrendered on settlement are to he given a certificate
showing that West Virginia is indebted to them for one-third of said
“ Old Bonds.” N ot including these (which, of course, are not yet issued)
the outstanding West Virginia certificates arc therefore as follow s:—
LOANS—
.
-----Interest.---- .,---------Prin cipal.--------- .
N A M E A N D P U R P O S E.
P. Ct. Payable. When Due. Oiilsland'g
“ Deferred certificates" o f 1871 0
J. & J .
Contingent. $12,961,530
interest-bearing certs, of 1882 ..
........
..............
1,031,551
Non-int.-beariug certs, o f 1882 ..
........
..............
744,051
ASSESSED V A L U A T IO N .—The State's assessed valuation and tax
rate have been as follows in the years indicated below.
Tax Rate
Personal
Property.
Years.
Heal Estate.
Total.
per $1,000.
$95,868,081
$396,5^5,447
1892...... ...$300,717,366
96,610,480
391,798,609
1891...... ... 295,188,129
9«», 110,467
362,422,741
1890...... ... 272,312,274
86,384,099
345,663,030
$4-00
1889...... ... 259,278,931
83,244,863
4-00
L888...... ... 260,609,930
343,854,793
82,377,430
4-00
1887...... ... 259,857,960
342,215,390
83,783,180
341,316,620
4*00
1886...... ... 257,533,440
84,884,270
4*00
341,800,410
1885...... ... 256.916,140
88,974,040
328,800,040
4-00
1884...... ... 239.826,000
81,789,710
318,157,937
4-00
1883...... ... 236,368,227
4-00
77,666,765
310,053,122
1882...... ... 232,386,357
70,391,018
304,663,969
1880...... ... 234,272,951
P O P U L A T IO N O F S T A T E —rn tbe early history o f the country,
Virginia had more Inhabitants than any other State of the Union. Be
ginning with the first Census in 1790, it ranked No. 1 for three succes
sive censuses, population in 1790 being 747,610, in 1800 880,200 and
in 1810 974,600. In 1820 it was passed by N ew York and in 1830 by
Pennsylvania. But even so late as 1860 the Old Commonwealth was
out-ranked by only four States, and held fifth position. Then come
the C ivil War. and in 1863 part of her territory was detaelied and
erected into a separate State. I t took some time to recover from the
effects o f the war; nevertheless, tho additions to population since then
have been considerable. How considerable will appear from the fact
that while through the creation of tho State o f West Virginia the
Commonwealth lost about 400,000 in population, numbers in 1890
without West Virginia were larger than the total in 1860 with West
Virginia included—that is, though the State has a smaller territory,
total population is larger than at any previous time. The State pos
sesses extensive mineral resources, and these have latterly been opened
up and developed to some extent. I f Virginia still embraced West
Virginia, total population for 1890 would be 2,418,774, at which figure
the aggregate would he exceeded only by the aggregates of five States,
namely N ew York, Pennsylvania, Illinois, Ohio and Missouri.
1890............ 1,655.980 1860........... *1,596,318 1830........... *1,211,405
1880............ 1,512,565 1850........... *1,421,661 1820........... *1,065,110
1870............ 1,225,163 1840........... *1,239,797 1810........... *974,600
*T liis includes population o f the section now forming the State of
West Virginia. Without West Virginia population was 1,219,630 in
1860; 1,119,348 ill 1850; 1,015,260 in 1840; 1,03-4,481 in 1830; 928,348 in 1820; 869,131 in 1810; 801,608 in 1800 and 691,737 in 1790.
In 1870-80 increase was 287,402, or 23'46 per cent, and in 1880-90
143,415, or 9’48 per cent.
The proportion of the colored population was 41'76 percent in 1880
and 38’70 per cent in 1890. in number black3 were 526,861 in 1850
and 548,907 in 1860, both including West V irgin ia; 512,841 in 1870;
631,616 in 1880. and 640,867 in 1890.
B A N K S - S T A T E , N A T IO N A L A N D S A V IN G S IN S T IT U T IO N S .
- Banking operations in Virginia are about equally distributed between
tbe State and tbe national banks, and are in both cases growing in ex
tent and importance. A t the latest dates there were 90 State hanks, as
compared with only 36 national banks, with aggregate capital o f about
6b; million dollars for tbe former and 4®s million dollars for tbe latter,
but deposits for the tw o classes did not differ greatly, being about 14
millions for tbe State banks and 15L million dollars for tbe nationa
institutions. In 1885 tbe State banks held only $7,846,492 deposits |
and the national banks $8,308,925. We use for both 1885 and 1892
tbe statistics of the State hanks as given by the U. S. Comptroller
of the Currency. The banks are required to file returns with the
Auditor of Publio Accounts at dates to correspond with the calls of
the Comptroller, but these returns are not compiled or printed by the
Auditor.
,----------- 1892.--------- — .
------ -----1885.----------- National.
State.
National.
S ta te.
V iR & r N IA ,
(Dec. 9,’92.) (May 17,’92.) (Dec. 24.) (July 1.)
Number of banks........
36
90
24
52
C apital.......................$4,696,300 $6,138,147 $3,696,300 $2,881,439
Surplus aucl profits ... 3,351,128
2,387,626
1,781,047
790,382
Deposits, individual.. 15,484,332 13,918,941
8,308,925
7,846,492
Aggregate capital of the State and national institutions is 107 million,
s
dollars, and aggregate deposits over 29 hi m illion dollars.
C it ie s , C o u n t ie s
and
T
owns
IN THE
STATE OP VIRGINIA.
A L E X A N D R I A . - 5^ i ^ i c K ^ t o I .
This city is the county seat o f Alexandria County.
LO AN S—
When Due. R e g istered Coupon B onds , 1879.
R eg ister e d Coupon B onds , 1872. 3s, * J&J, .$730,300
July 1,1909
(5s, J&J, $39,000....... J illy 1, 1902
*Al’ter July 1,1894 int. at3*65p.o.
Certificates outstanding $95,398; of this amount $86,914 is the
property of the sinking fund.
IN T E R E S T is payable in Alexandria and all the bonds carry taxreceivatde coupons.
VIBGITJj^— C1TJ£S ATJD TOWNS,
April, 1893.
T O T A L DEBT, ETC.—'The subjoinedstatement shows Alexandria’ s
total bonded debt, and the linking fund held by the city against the
same, on the tlrsi o f July of each o f the last two years.
1892.
1891.
Total bomb'd debt .......................................... $918,098
$921,564
Sinking funds......................
..........
99,i 59
91,256
$830,308
Xet bonded debt........................................$818,939
The speeial assessment debt on July 1, 1992, was $5,460; ou July 1,
1891, it was $6,930. The city has no water debt. The sinking fund
receiv es ai»oui $5,000 year!}*, and on July 1,1892.it held $94,942 of the
lity’s bond*.
ASSESSED V A L U A T IO N .—The city’s assessed valuation (about 23
o f it* actual value) and tax mt v have been as follows :
H eal
Pereonal
r. ta l Assessed
Yea r.
E sta te .
P rop erty.
V a lu a tio n .
C ity T a r
p e r $1,000
$999,S90
1892 ................ §3.7 15,00m
$4,714,690
913,000
4,473,000
$1800
1891.................. 3,500,000
DEBT LIMITATION.—
The Legislature in 1879 limited the city debt
to amount existing when funded in 1879.
TAX FREE.—A ll bonds and interest certificates issued under the act
of February 29 1879 are exempt from city taxation.
POPULATION (about 67 per cent white and 33 per cent colored)
in 1890 was 14,339; in 1980 was 13,659.
A M H E R ST
C O . — H. 0. J o y n e r , Treasurer.
County seat is Amherst C. H.
LO AN S—
When D u e . I T ax valuation, real...... $1,700,000
B kidg b Boudo—
! T ax valuation, person’ !
750,000
—. J&J, $13t5*HJ............
.......... I total valuation 1892... 2,450,000
Bubjeet to call.
I Actual valuation anout. 3,000,000
BAltlOAD B u RMM*
I state tax i.per $1 .ooon ........ $1’00
6*. JAJ. $27,000
... Jan.. 1908 | County tax (per $1,000)—
4 50
£ub> et to call.
Avenues school tax.............
150
Total debt Jan. 1, 1893 . $40,500 | Population in 1890 was..... 17,551
INTEREST on the railroad bonds is payable by the National Ex
change Bank, Lynchburg; on the bridge bonds at the office of the
County Treasurer.
153
DATVJVI T T F 1 $ H - WOODBURd, Mayor.
U A i N V i L L L . — f (J. 6. TEM PLE, Treas.
Danville is in Pittsylvania County.
LOANS'—
When Due.
Cit y B onds (Continued)—
Cit y B onds—
1914
5s, J&J,
10.000.........
lOs, J&J, $2,000.........
1905 5s, A&O, 50,000t........
1916
8s, J&J, 62,500. ...1893 to 1898 5s, MAN, 100,0001.........
1917
Ss, J&J, 26,000.........
1905 5s, M&S, 50,000t........
1920
8*. J&J, 100,000.... 1905 & 1906 5s, J vJ,
35,000........
1922
8s, J&J, 100,000... .1905 to 1907
Ra il r o a d B onds8s, J&J, 20.000.........
1907 68, J&J, $80,000............
1893
8s, J&J, 40,000.........
1911
($10,000 yearly) to 1900
6s, A&O, 27,000.........
1912 6s, J&J, $50,000....... 1910 to 1914
6 s ,....,
40,000.........
1912 6s, A&O, 60,000 ............
1912
Subject to call after 1902.
5s, J&J. 150,000............
1920
58, J&D, $10,000..........
1913
A ll the 5 per cent bonds (with the exception of $50,000 due in 1916)
arc subject to call ten years alter their date of issue.
f The 5 per cent bonds due in 1916, 1917 and 1920 are exempt from
taxation.
IN T E R E S T is payable in Danville, and all coupons are fc»xreceivable.
T O T A L D EBT, Et c .— The city’s total debt on Jan. 1, 1893,
was $982,500. The bonded debt on Deo. 1, 1891, was $995,000 ;
floating debt, $1,123; total debt, $996,123; sinking funds, $25,663; net debt, $970,460. In 1890 bonded debt was $815,000; avail
able assets, $196,233; net debt, $618,767; floating debt, $8,465. In
1880 the bonded debt was $543,000. The sinking fund receives yearly
au amount equal to 1 per oent of the bonded debt of the city.
D E BT L IM IT A T IO N —The debt of this city is limited by its oharter
to $1,160,000.
ASSESSED V A L U A T IO N in 1891 of real estate was $5,322,586
of personal property, $3,270,064; total, $8,592,650; oity tax rate (per
$1,000), $12-50; State and county tax, $5-25. In 1890 total assessed
valuation was $7,628,360; in 1887 it was $7,769,975. Property is
assessed at about 75 or 80 per cent of actual value.
P O P U L A T IO N (about onc-lialf white) in 1890 was 10,305; in 1880
was 7,526.
B E D F O R D (formerly Libertv).— P. S. S a u n d e r s , F R E D E R I C K S B U R G . — A. P.
R owe,
Mayor.
This city is in Spotfcsylvania County.
M a t or.
F u n d in g B o n d s LO ANSW -hen D u e .
Thin I* the county -seat of Bedford. County.
78. M&N, $125.757.......May, 1906
B k id g e B o n d s ' —
LOANS—
When [ H u . : Bunded debt (lust returns).$50.0 0 6s, J&J, $25,000......... Jan., 1920
W ate r B ondsC tn B u x m Sinking fund.................... 1,616
Subject to call after Jan., 1900 68, J&J, $30,000......... Jan., 1909
M&8, #10,000
Mar. 1, 1015 |Tax valuation
1830.700.626
Subject to call after Jan., 1894
Sub). to call after Mur. 1. 1895 /Tax rate (per$l,000>....... $000 |
•i. J.fcJ, Dlo.oou.........
1023 ! Population In 1890 wna... 2.807
* Tlu**e bonds are secured by a deed of trust on the iron bridge across
Subject to oall after 1800 I Population lu
1880 w as.2.101the Rappahannock R iver at Fredericksburg.
]
IN T E R E S T .—The coupons of the funding bonds are tax receivable.
INTEREST U payable In Liberty and coupon* are receivable for
TAX FREE.—The bridge bonds are exempt from taxation.
etty taxes
T O T A L DEBT, Et c .—The total funded debt at date <f last returns
B O T E T O U R T C O — M. S. G a b o o n , Treasurer. ; was $180,757; sinking fund assets, $8,873 ; net debt, $171,884; water
debt (included above), $30,000.
County m s i la Flncrnttlc.
LOANS—
When Due. T ax valuation, real......$2,492,531 | W ATER W O R K S .—The water works owned by the city are valued
T a « valuation, personal 2,032,741 at $40,000.
Total valuation 1892... 4,525,275 |
A**4*»Mm‘ut about *^ actual value, i ASSESSED V A L U A T IO N in 1890 of real estate was $1,161,969; of
3
State tax (| ? $1,000)......... $4*00 personal property, $366,706; total, $1,528,675; tax rate (per $1,000),
Kr
County tax <i*?r $1,000)....... 8 09
Population in 1890 was......14,854 $12 00. Real estate is assessed at “ about 79 per cent of its actua
Population In 1880 was...... 14,809 value.” In 1889 total assessed valuation was $1,550,218 ; in 1887 it
was $1,523,595.
B R I S T O L . — W. A. R a d e r , Mayor.
P O P U L A T IO N (about \ white) in 1890 was 4,528; in 1880 it was
$56,000 5,010.
Whtu D u e . |Bonded debt (lastret’s)
31,000
ptrncuaefc. o r Re al Estate , A c.: Water debt..................
1,000
6a, JAJ. $23,000 ......................... Flouting debt about...
Total debt (la*t return*)
91,000 H A L I F A X
C O U N T Y . — A. R. G r e e n , Treas.
Hutyect to call.
Tax valuation, real... 1,343,397
W *T tH WnkKiC
County seat is Halifax C. H.
6a. JAJ. $33,000............................ Tax valuation, personal. 157.502
Total valuation 1891... 1,500,89
LOANS—
When Due. Tax valuation, real....... 3,500,000
Subject to m il
T ax valuation, personal. 1,500,000
i
L ync h . & D urham R R . B onds—
Interest payable In Lynchburg mid Tax valunt’ u about H actual value.
Btate A city tax per $1,000.$12*50 6s, J&J, $150,000...... Jan. 1, 1917 Total valuation 1890---- 5,000,000
Bristol.
Population in 1890 about... 5,000
Sub), to call after Jan. 1,1897 Assessm’ ut about M of actual value
State & co. tax (per $1,000),.$11*00
R e g is t e r e d J a i l B o n d s —
6s, J&J, $5,000...........
optional Population in 1890 w a s ----34,424
C A M P B E L L C O . — E. 8. M o o r m a n , Treasurer. Bonded debt (last ret’ns).$155,000 Population in 1880 w a s ----33,588
! INTEREST on the R. R. bonds is payable in Lynchburg and on the
County teat le Roctburgb.
jail bonds in Halifax.
wh' R Dut Total debt Mur. 1,1892.. $97,000
L tu c iib c h o A D e h ' m RR. Bonds . |Tax valuation In 1891..-3,150,000
«*, J A J . 907.000................. 1917 r>tateaiidl-o.tax lp.$l,006) $1(100 L E X I N G T O N . — Lexington is the c u ty se t 3 Rook
on a f
Subject to cull after.........1807 |Population in 1800 wae...... 41,078
bridge County.
INTEREST !• payable In Lynchburg, Va.
I Bonded debt (last re turns).$83,450 Bonded debt, 1880.......... .$32,203
Available assets............... 6,246 Population 1890 was.......... 3,05 >
R a il n o a d A id Bojid* —
6*. Jan. (abt.) #6T,o«tO. Jau. 1,1913
Huuject to call.
lot. payable at Co. Tmss. office.
Total debt Jan. 1,93 *(abt.» $15,000
Sinking fund........ (about) 11,000
Net debt Jan. 1/93 (abt.).. 54,000
LOANS—
LOANS-
I
C H A R L O T T E S V I L L E . —S. B.W oo D8, Mayor.
Charlottesville le the ooanty vo.it o f Albemarle County.
When Due. I Ra il r o a d Ul> Bonds—
LO ANS8», JAJ. $13,000............ Jan. 1895
rCKDin # Bonos—
W vfBR W o rks —
6a, SCAN, $11,500... . ..4 0 year*
fls, M&S. $81,000........... 40 years
O ta Wo r k s —
9a, JAJ. $18,250 . ....Jan.. 1898 I 6s, MAN, 10,000........... 40 years
INTEREST 1* payable In Charlottesville.
T O T A L DEBT, E T C .—The total bonded debt » t date of last returns
* ** *131.750, In. lading water debt, *01,000; floating debt, $1(1,137.
ASSESSED V A L U A T IO N In 1891 of real estate, $1,100,000; per
oonal property. $500,000; total, $1,900,000: State, city and school tax
per *1.000^*10-00. Real estate 1* assessed at "a b o u t 70 per cent of its
actual value.”
P O P U L A T IO N In 1890 was 5.591: In 1880 ii was 2,070; iu 1870 it
was 2,838.
CLARKE
C O U N T Y . — M. W.
County n«at la Berry viilc.
L O A N S .W
het* D u e .
J o nes ,
Treas.
Tux valuation* r e a l......$2,255,416
Tux valuation, personal. 580,345
Total valuation 1891... 2,835,761
A*.«w
**u*nient about actual value,
f'tnte and eo. tax per $1,000..$9*00
■ >.......
.«»*»'
Sinking fund ......... ....... 2,000 Population in 1890 waa...... 8,0< 1
Population Id 1880 waa...... 7,682
Net debt Jan. 1, 1803........ 73,000
Co u rt t Fbixoau—■
f K JAJ, $75,000 ... June 1,1900
Subject to call at any time.
Interest payable at Co. Treasury.
Bonded debt Jan. 1 ,199$*.$75,0O0
D. YANCEY, Mayor.
' 'cor.
Lynchburg is situated In Campbell County.
LO ANS*«»>>*«LOANS—
When Due.
P ublic I m p r o n e m e n t s — 1890.
F unded I nterest—I8 6 0 * 1871.
4s,* J&J, $60,000.................. 1924
6s, JAJ, $1.241....................1900
R edem ption B onds—1879 and
8s, JAJ, $53,048...........1904-1905
L Y N C H B U R G . — |I:
G e n e r a l E xpenses—1870.
1.889.
„„„,
5s,* J J, $166,000................ 1914
School B onds—1871 and 1880.
8s, J&J, $30,000....................1905
6s,t A&O, 21,000....................1900
su ppo rt of P oor —1864,
6s, J.vJ, $7,000...................... 1894
T \n atio n B onds—1866.
M arket H ouse and Grounds.
8s, J&J, $10.453....................1905 6s, J&J. $48,000................... 1903
V a . & T enn . RR. B onds.
8s, J&J. $20,000....................1907
P ermanent Lmprone’ nts—1882. 6s. J&J, $182,500....1890 to 1915
W ater B onds —
5s. J&J. $100,300.............. ...1916
6s,t A&O, $24,500........... ...1900
Subject to call after 1892.
6s, *t J&J.
$4,000............ 1916 6s, J&J, 35,000.................1904
6s, J&J, 35,000.................1912
Snbjeet to call after 1892.
5s,* J&J, 100,000.................1915
P ublic I mprovements—1892.
as. J&J, $30.800.................. 1926 5s,* J&J, 20,700.................1916
5s,*f J&J, 13,500................ 1926
Subject to call after 1902.
E x e m p t from taxation, t A ll in sinking fund.
IN T E R E S T on the Lynchburg & Danville RR. bonds is payable in
! Baltimore; on all other bonds interest)is payable at the offioe of the
1 City Treasurer, Lynchburg.
8s. JAJ. $50,000................... 1905
L ynch burg & D an . RR.—1871.
6s. JAJ. $200.000..................1901
L yn ch , h . & w. c. RR.—1871.
5e, J&J. $250.000.................. 1920
Suhjact to call after 1897.
154
Vol. LVL
STATE M V CITY S U m E tV TEN T,
T O T A L DEBT, SINKING FUNDS, E t c —The subjoined state
ment shows Lynchburg's total bonded ebtandthe Kinking fund held
by the city against the same on the 1st of February of each of the la t
three year’s :
1861.
18!>3.
1892.
Tot. fund, debt (incl. water debt).$1,784,712 $1,713,412 $1,617,842
323,675
Sinking funds.............. ..............
31)0,32 i
358,931
C IT Y P R O PE R T Y .—The city owns real estate valued In 1892 at
$700,000.
DEBT LIM ITA TIO N .—The city’s debt is limited by its charter to 20
per cent of the assessed valuation of real and personal property.
ASSESSED V A LU A T IO N .-T h e city’s assessed valuation (about %
of Its cash value) and tax rate have beeu as follows:
Net deht on February 1..........$1,388,415 $1,354,491 $1,294,167
■water d ebt................................. $228,700
$215,200
$215,200
The sinking fond receives yearly about 1 per eeut or the city’s debt.
The amount of city bonds held by this fund on Feb. 1, 1893, was
$384,208.
C IT Y P R O PE R T Y .—The real and personal property of this city, as
charged on the city’s books, is valved as follows:
Property o f Fire Department.............................................. $27,604
School property....................................................................
75,000
Proper y of Water Department............................................ 387,654
Miscellaneous city property, real estate, etc......................... 195,692
Tears.
Estate.
Property ,
Valuation.
p. $1,000.
1892...............$18,942,600
$2,309,090
$21,311,090
$2100
1801............. 17,089,810
2,231,170
19,221,680
21-00
1889............. 12,069,425
2,078,160
14,-47,585
22-00
1887............ 12,094,205
1,042,820
13,737,025
(!)
P O P U LA T IO N .—In 1890 population was 34,871; in 1880 it was
21,966; in 1870 it was 10,229.
’lo ta l.............. ............................................................. $685,950
DEBT LIM ITATIO N .—The city’s debt is limited by its charter to 18
per cent of the taxable vulues as shown by the books of the Commis
sioner of the Keveuue.
ASSESSED V A LU A TIO N .—The city’s assessed valuation (about 85
per oent of cash value) and tax rate have been as follows:
Real
Personal
Tot. Assess'd
City Tax
Real
Personal
P A G E C O U N T Y . —Wm. 0.
County seat is Luray.
LOANS—
When Due.
S h e n an d o ah V a l l e y RR.—
6s. June, $79,000......Aug. 1, 1901
Subject to cull.
Bonded debt Jail. 1,1893..$79,000
City has no flouting debt.
Tax valuation, real..... $2,032,740
Tax valuation, personal 544,072
INTE R EST 1 payable in Luray,
b
Tot. Assessed
Y
ager
.
Total Tax
Treasurer.
Total valuation 1892 .. $2,576,812
Assessment is ^ of actual value.
State tax (per $1.000)..........$4 00
County tax (per $1,000)....... 2*50
Railroad tax (per $1,000)___ 3‘00
List, road tax (per $1,000)... 1*50
Average school tax.............. 2*00
Population in 1890 was...... 13,092
Va.
Tears.
Estate.
Property.
Valuation, p. $i,000.
1892...................... $8,213,998
$2,643,217
$10,837,215 $16-00
1891...................... 8,109,723
2,573,412
10.683,135
16’00 P A T R I C K C O . — S. H. D u n k l e y , Treasurer.
County seat is Stuart.
1881...................... 5,237,635
1,617,640
6,855,275
IS'00
P O P U LA T IO N .—In 1890 population was 19,709; In 1880 it was Total debt (last returns). $137,000 Total amount raised from
Tax valuation, real....... 536,308
taxation..................... $24,152
15,959; in 1870 it was 6,825.
Tax valuation, personal. 230,506 Population in 1890 was..... 14,147
Total valuation 1891...... 766,814 Population in 1880 was..... 12,833
M A N C H E S T E R . - 1& $ I^NAU®Teasurer.
Manchester Is situated in Chesterfield County.
P E T E R S B U R G . — C. F. C o l l i e r , Major,
LOANS—
When Dae. 5s, J&J, $1-25,000 .. .Jan. 1,1924
Petersburg is situated in Dinwiddle County.
F e n d in g B onds —
Interest U payable In Manchester.
15,000... .Aug. 1,1902
LOANS—
When Due. 6s, FAA,
6s, J&J, $57,500........ July 1,1921 Total debt Jan. 1, 1893. .$289,700
Cit y B o n d s *—
6s, FAA,
71,000.. . .Aug. 1, 1905
6s, J&J, 36,000.........Inly 1, 1922 Tax valuation, real....... 2,807,051 8s, F&A, $194,600....Aug. 1,1895 6s, JAD, 165,000... .June 1, 1911
5s, J&J, 15,000........ July 1, 1925 l ax valuation, personal. 409,193 8s, JAJ, 100,000....Jan. 1,1896 6s, JAJ, 135,000... .July 1, 1914
5s, J&J, 32,200........ July 1,1927 Total valuation 1892___ 3,216,244 8s, AAO,
40,000....Apr. 1, 1903 5s, MAS,
55,000... .Sept. 1, 1923
feTHLET l.Mi'KOVEM’Tifc Bill OE—
Assessment is 4-5 actual value.
8s, MAN, 150,000....May 1, 1903 5s, FAA, 297,000....Aug. 1,1929
8s, MAS, $2,500........ Sept. 1, 191 1 State tax (per $1,000).......... $4-10
* These bonds all carry tax-receivable coupons.
6s, J&J, 3,000.......... 1uly 1, 1893 Cit\ tax (per $1,000)............14-00
6s, F&A, 2,000........ Aug. 1,1910 Average school tax.............. 2-00
IN TE R EST.—The April and October interest on $40,000 8s due
6s, J&J, 8,500......... July 1, 1917 Population in 1890 was....... 9,246 1903 is payable in New York and Petersburg; all other interest is pay
6s, J&J, 6,000......... July 1,1919 Population in 1880 was....... 5,729
able in Petersburg only.
O P T IO N A L .—All of the above bonds are subject to call ten years
T O T A L DEBT, SINKING FUND, E T C .-T h e subjoined statement
after date of i~sue excepting the 8 per cent street improvement bonds.
shows Petersburg’s total funded debt and tbe sinking fund held by the
T A X FREE.—The city’s bonds are all exempt from city and school
city against the same on the first of July of the years indicated.
taxation.
1891.
1889
DEBT LIM ITATIO N .—The oity’s charter limits its debt to 20 per Total funded debt (including water debt)....... $1,223,200
$1,207,200
oent of the assessed valuation of real estate.
Sinkingfunds.................................................
176,000
143,500
P O PU LA TIO N .—The population in -1890 was 9,246; in 1880 was
Net debt...................................................$1,047,200 $1,063,700
5,729.
Tbe sinking fund receives yearly about $13,523.
T A X FREE.—All bonds are exempt from city tax,
M E C K L E N B U R G C O . — G eo . N . W el l s , Treas. DEBT LIM IT A T IO N .—The city’s debt is limited by law to 22 per
Connty seat Is Boydton.
oent of its assessed valuation.
LOANS—
When Due. Total debt Jan. 23,1893. $150,000
ASSESSED V A LU A TIO N .—The city's assessed valuation and tax
A t l a n t ic & D a n v il l e RR.—
Tax valuation 1892....... 2,259,946
4s, 8ept. 1, $150,000. .Sept. 1,1893 State&Co. tax (per$1,000). $ ia -uo rate have been as follows:
Personal
Total Assessed City Tax
(part each year) to 8ept. 1,1940 P opulation in lo90 was___25,359
Tears.
Real Estate.
Property.
Valuation,
p e r $1,000
Interest pay able in Boydton, Va.
1890.......... $5,926,810
$3,884,190
$9,811,000 $16’00
1889..........
6,593,300
3,816,700
10,410,000
16-00
M n D trn T tj
5 a . B. COOKE, Mayor.
1887 ..........
5.708,600
3,537,535
9,246.135
16-50
IN LV JTtr LJ1_PS..— j W. W. HUNTER, Treasurer.
This city is In Norfolk County.
P O P U LA T IO N .—In 1890 population was 22,680; in 1880 It war
LOANS—
When Due. 6s, AAO, $298,000(COU.) Oct., 1914 21,656.
M a r k e t H ouse B ’ ld ’ g & Sit e 5s, AAO, 320,000....... Apr., 1911
os, MAS, $75,000........ Sept., 1919
($305,000 eou. aud $15,000 reg.)
($45,000 coup, and $30,000 reg.) 5s, JAJ, $91,000....... Jail., 1912 P I T T S L Y V A N I A
C O .—J . R . W h i t e h e a d ,
5s, MAN, $70,600........ Nov., 1920
($72,500 eou. and $18,500 reg.)
Treasurer.
i$66,500 coup, aud $3,500 reg.)
5s, JAD, $110,000_ _ June,1913
_
County seat is Chatham.
P « « K B ond :—
($104,000 eou. aud $6,000 reg.)
5s, AAO, $114,000.......Oct. 1922
5s, MAS, $96.500ieou.j Mar., 1922
LOANS—
When Due. Sinking fund..............$33,000
P a v in g a n d G en . P urpo ses —
Sc hool B onds Co u n ty B onds—
Net debt Jan. 1. 1893.......125,000
6s. JAJ, $27,500(reg.) Jan., 1894 58, AAO, $15,000......Oct. 1,1922 6s, JAJ, $158,000......Mar. 1.1896 Population in 1890 was___59,941
6s, var.,
38,050(reg.) vat-., 1900
St r e e t Bonds —
Bonded debt Jan. 1, ’93..$158,000 |Population in 1880 was_ 52,589
_
5s, JAJ,
40,000(cou.) Jan., 1914 6s, var., $23,348 ( eg.) var., 1900
INTE R EST is payable at the office of Robert Garrett & Sons, Balti
5s, AAO, 30,000(cou.) Get., 1914 5s, MAS, 145,500........ Mar., 1922
more, Md.
5s, MAN, 55,000(eou.i May, 1916
($3,000 eou. aud $140,500 reg.)
($42,500 coup, and $12,500 reg.) 5s, MAS, $20,000........ Sept., 1922
5s, JAD, $14,UOO(cou.) June,1916
W a r d B onds —
5.T THOMPSON BATED, Mayor.
.
5s, MAS, 37,500....... Sept.,1917 ,5s, MAS, $7,000(oou.)Sept., 1919
‘ f E. T h o m p s o n ~ .............
($27,500 coup, and $10,000 reg.) 5s, MAN,
4,000(reg.)Nov., 1920 P O R T S M O U T H . — jE , ---------------- , jn .,c ity clerk.
Portsmouth is the connty seat of Norfolk County.
5s, JAD, $35,000....... Dec., 1917 5s, Ma-N, 20,000.......May, 1921
($15,000 coup, aud $20,000 l-eg.)
($15,000 cou. and $5,000 reg.i
P a v in g B onds *—
LOANS—
When Due.
Ss, JAD, $70,000....... June, 1919 5s, FAA, $20,000 coujFeb., 1922 A t l a n t a & D a n v il l e RR., 1890— 6s, ... ..., 8,400........ .......... 1893($31,000 coup, and $39,000 reg.)
W a t e r B onds —
5s, J&J, $150,000......Jan. 1,1920 68, ... .... 6S.500......... .........1894
5s, MAN, $79,000....... Nov., 1920 8s, MAN, $500,000....... May, 1901
Subject to call after Jan. 1,1910 6s, ... ..., 31,500......... ......... 1896
($66,500 coup, aud $12,500 reg.)
C it y B onds—
($489,000 cou. and $11,000 reg.)
6s, ... ..., 59,500........ ......... 1899
R e n e w a l B onds —
5s, MAN, $90,000....... May, 1914 7*3s, J&J, $141,400............... 1900 6s, ...
15,000........ ......... 1900
6s, JAJ, $78,000(cou.) Jan., 1894
($69,500 cou. and $20,500 reg.) 6s, J&J,
82,800............... 1918
6s, JAJ, 77,000(cou.) Jan., 1899 5s, MAN, $50,000(con.)May, 1915 5s......... .
37,500............... 1922
6s, MAS, 202,700(eou.) Sept., 1900 5s, JAJ,
60,000(cou.)July, 1921
6s, JAJ,$115,400ieuu.) Jan., 1914 5s, JAJ, 34,000....July 1, 1922 * A special tax amounting to 2 the cost of the work is levied on prop
3
erty benefitted by paving, and the money thus collected is set aside for
PAR VALUE.—The houds are for $500 aud $1,000.
FREEDOM FROM T A X A T IO N .—
AH houds are exempt from city the redemption of the paving bonds.
tax.
INTEREST is payable in Portsmouth.
T AX FREE—All bouds issued by this city are exempt from city tax.
INTEREST on $500,000of8 percent water bonds, which aroseonred
T O T A L DEBT, ETC.—The total bonded debt at the date of oar
by a mortgage on the city water works, is payable in New York ;o u
$207,700 coupou houds in Baltimore; aud on all other bonds in Norfolk. latest returns was $596,300; other indebtedness $17,155; total muni
T O T A L DEBT, SINKING FUNDS, ETC.—The subjoined statement eipal debt, $616,455. The total bonded debt in 1889 was $415,400
shows Norfolk’s total bonded debt the sinking fund held by tile city The city’s assets as reported by the Auditor on July 1 1890 amounted
against the same, and the water debt, on the first of July of each of to $525,503 The foregoing Includes $150,000 Atlanta & Danville
BR. stock and interest in Norfolk County ferries, $110,417.
the last three years.
_ „ ,
, , ,
July 1, ’92. July 1,’91. July 1,’90.
T A X V ALU A TIO N of real estate for 1891 is $3,826,250; of per
Tot. bonded debt (inc. water debt). $3,068, 793 $2,732,798 $2,672,898 sonal property, $453,390; total, $4,279,640; State, city and school
Sinking funds.............................
184,937
..........
150,000
tax per $1,000 $22-00. In 1889 the tax valuation of real estate was
Net d ebt................................$2,883,861
.......... $2,522,898 $3,585,100; of personal property $378,948; total, $3,964,048; oity ta x
Water debt.................................. $700,000
$647,000
$640,000 rate (per $1,000) $18-00.
The sinking fund receives yearly $20,000.
P O PU LA TIO N ir 1890 was 13,268; In 1880 was 11,390,
April, 1893.
VlfiCjINl/V—CITIES /W TOW^S,
t>
R I C H M O N D . — j f c j A WAKKhENL2’uaiwrMayorKh hmoud i* the county-seat of Henrico Comity. City hall bonds for
$ 100,000 # ill loou be issued by this city.
LOANS—
RVic/i Due.
When Vue.
_ ----- - . ^
Bu M'KI. Debt—
Bosi»Ki* D ebt— (Pont.)
8*. J a J . * 16I.0(M)........ July. 1004 ($ 1,000 I'Diipon anil $74,200 reg.)
c$2 0 coupon liinl $141,64H re*c.) (is. J&J, $9.sot) (iv>r.).-July, 1jm 9
O, uo
)
fc*. AAO. * HHI.IH 1------ Oft.. 1004 6s, J a J, 66,600 (l*cg.)...Jail., 1910
H
($81,000 coupon Hud $l!»,(MM> resc.) •>». JJcJ. 19.9(H) (inir.)..Jiiu., 1911
8*. Ja J,
$6oo (rcg.).Jhu.. 19 M tin. JA-J, 1 :.(HH) (reir.)..Jan.. 1912
i
8* .J a J,
800 (re*:.) .Jilly. l:HMi Os.JA-j. rt.(HH) (reg.)._July, 1913
8--. J.vJ. 351.2IM)......... Jitu.. 1907 IS Ja J, lo.lMh) (rpfc.1.. Jau.. 1914
**.
(->14.000 f mi ihmi ami >337, 2iM n%i 5m J a J, 37.1H ) (re-if.i*.jMU.# 1916
>
,
M
fc*. J a J, $63.54m ........ July. 1907 5m J a J, 81,IKK) (rage.)*. July. 1910
>
.
OJ.ouu eoupou Hint $61,500 reg.) 5s. JAJ.201.400 (rrg.)*JulV. 1917
8'. J a J. $28,200 <reg.l.Jau., 1shw 5s, JAJ, 15,600 (reg.)* .Jim. 1918
lb*. J a J. 289.81M)....... July. 1908 5s. J a J, 102.000 (reg.)' .July, 191*
(.fO.uoo ctiti|M ami $283.sim) reg.) 5s. JAJ,175.5( 0 (reg.)*.Jmi.. 1919
iu
lbs J a J. >t84.ooo........ Jan.. 1904) 5s, Ja J. 5.5()o (reg.)*.Jan.. 1920
($2.ouo coupon ami $ 182 mm>reg.) 5s, j a j . 2(51.7(H) (rear.)..Jan., 1921
,<
6-. JJcJ,
$300(reg.) .July, 1895 5«, JjcJ,$3s.*5o (reg.)..July, 1921
ti-». J a J,
1.300 (re*;.)..Jan.. 1900 5s. J a J. 140.0 (rejr.)-.Juu.. 1922
00
fts JJcJ. 595,935..... . ..Jan., 14)04 5s, JAJ,399,500 (reg.)..July, 1922
>7.000 coupon anil $588,935 rcg.) 5s, AJcU, I.OOt) (reg.).. Oct., 1923
U, JacJ.fyi.9lu..... .. July. 1JH 4s, J a J. I o i .ihh) (reg.).. Jan.. 192o
)4
(*39.000 r« hi ini u amt $55,940 r**g.) 4s, J a J, 175.000 (reir.)..Jnlv, 1920
o*. J a J, *Tii . l o o .......... Iun.. 190.5 4s. J a J. 128.3(H) (rear.)..Jmi., 1921
($5,oou coupon amt $40,000 rcg.) 4*. J a J, 24.4(H) (n**e.)..Jiilv, 1921
8*», J a J, #172.72(» (re*c.).July, 1905 4s. J a J. (i.(HH) (reg.).. Jau.. 1922
6 '. J jcJ. 201.080(reg.).Jnn., liMHi 4s. J a J, 44.0*25 (reg.)..July, 1922
6», JJcJ. llo,o.5o........July. 190(1 4s, JvVJ,242.ooo (reg.) ..Jnii.. 1923
(*l,ooo wm| wml * 109,050 rvir.) 4s, J a J, 52.5(H) (rear.)..July, 1923
mmi
ti*». J a J. *l-4.7(»o........ Jan.. 1907 4s, JAJ. 127.)mm>(tear.I..Jiui.. 192-1
($4.ooo e«m|Miu wml $1*20,760 ieg.) 4s, J AJ. 555,500 (tear.)..July, 1924
0M J a J .$ 126 mni........ July. 1907 4s. J a J. 93.050 (nur.) ..Imi., 1925
,
.!
($t5,ooorotiia»u ami $111,y<Nimf.i 4s. J a J, 182.150 (reg.).July 1.1925
(i«*. J a J. *41.37- (rear.)..Jau.. 190* 4s. JAJ. 174.450 (reg.) Jau. 1.1929
6*. J a J ,$75,200 . f£ . . . .Jan, I 909
The 5 |w oral bon U marked thus (•» In the above table are subject
*r
to call teu year* after their date of issue.
PAR VALUE O r BOND3. —The city's bond.* are In multiples ol
155
R O C K B R I D G E C O . — The county seat is Lexington.
Ibuulcd debt (last ret’us) $251,300 I Net debt 1880................ $211 500
Miikiugfuud.................. 87,900 I Population iu 1890 was......23,062
R O C K I N G H A M CO.—P.
The county seat is Harrisouburg.
LOANS—
When Due.
»UNTY Bonds—
'•8, JAD. $95.000... June 30, 1911
Subject to cull.
I i 1 crest paya l»le at County Treas’y.
1
Total debt M ayl, 1892 $95,000
Tax valuation, real, abt. 6,500,000
W. R e h e k d ,
Treas.
Tax val'n.personal. abt.$3.000,000
Total valuat’u 1891 abt. 9.500.000
Assessment about ^ actual value,
Btate tax (per $1 ,<HX))..
$4-00
County tax (per $1,000)
4*00
Average school tax......
2*00
Population iu 1890 was..... 31,299
u l t z , Mayor.
This is the county seat of Augusta County.
LOANS—
When Due.
LOANS—
When Due.
CiT) H a l i . B onds—
School Bonds—(Cont.)—
6s, ,IAJ, $11,(M ) (Hi.July 1.1908 6s, JAJ, $2,000t(C.S.
M
Subject to call after Jau. 1, 1894
B .)..................... June 14, 1908
6s, Ja J. $11,000 (H) Jan. 1. 1908
Subj. to call after June 14, 1898
Subject to call after Jan. 1, 1896 G JAJ. $1.000t (C.
s,
F i n d im ; Bonds—
8. B.l................. Aug. 11, 1908
3s. JAJ, $1,000.......July 1.1906
Subj. to call after Aug. 11, 1898
Subject to call at anv tune.
6s,JAJ,$2.000t(S.B).July 1, 1907
6s, JAJ..fl9.0(M)(JAJ)July 1, 1911
Subj. to call after Apr. 20, 1898
Subject to call at any time.
6s. J a J, $1,000 (C.
•is, Ja J, *4,<M »t (K.) July 1,1912
M
8. B.)....................July 1.1918
subject to call at any time.
Subj. to call after Nov. 27, 1898
6s. Ja J. $X,(M ) (L.)..July 1.1913 6s, JAJ, $3,000 (C.
M
Subject to c;dl after July 1. 1893
8. B.)....................July 1.1918
I . vsd P urchase B onds—
Subj. to call after Jau. 1,1899
3s. JAJ. $9,000 (E .). .July 1, 1905 6s, JAJ. $7,000...... July 1,1921
Subject to call after Jau. 1. 1896
Subj. to call after July 1,1896
6s. Ja J. $2,700 (F.)..July 1,1905
Stk k e t I mi'Rovkm ’ t B onds —
6s, JAJ.$14.00()(S.F.).July 1, 1910 8s, JAJ, $9()0t (B.). .Jan. 22, 1894
^object to call after Jau. 1, 1896
Subj. to call after Jan. 22, 1889
K k d k aiitio n B onds—
8s, JAJ, $3,400t(B.).Jau. 1. 1895
•is, Ja J. $3.6(K)t........ On demand
Subj. to call after Jau. 1, 1890
•is. Ja J. $19,5001......Nov. 1, 1906 6s, JAJ. $1,000.........July 1.1893
•is, Ja J. $7,8(M>.........Inly 1. 1909
($1,000 due y’ly)toJuly 1. 1896
$ 100.
Subject to call after July 1. 1899 6s, JAJ. $43,000 ....July 1. 1921
•is, Ja J. $2,<M )t (M.).July 1. 1915
M
IN TE R E S T 1* payable In Richmond
Subj. to call after July 1, 1896
subject to cull
1890
T O T A L 0 £ a r , SIN <1 M2 F J1D 3 , e t c .—The subjoined stnte- •is. J a J, $3.8(MM.after July 1. 1921 Os, JAJ. $5,OOOt .... July 1.1921
*....Julv 1,
Subj. to call after July 1, 1896
ment *ho*ft Kn-lumml- total fun led debt, the sluicing fund held by the 6s. JAJ. 1.5(H).........Inly 1. 1921
V a l l e y HR. Bonds—
subject to call after July l, 1896 6s, JAJ. $100,0<M)(QJuly 1, 1904
city against the same, mi l the city's floating debt, uu the 1st of Febru
Sc hool Bonds Subj. to call after July 1, 1894
ary of each of the la»t three year*:
6*. JAJ,$6,000 (S.B).July 1. 1907
W ater Bonds—
1892.
189t.
1890.
Subj. to call after Nov. 1. 1897
Total funded daftC............$6.31
7.0(15
$6.059.716
$5,930,491 6s. Ja J.$2.(MM) (S.B.)Juiy 1, 1907 8s, MAN. $80,(MM)*..Nov. 1,1905
Os, JAJ, $2,200 (B.
ftinwtug fund*.................. 148,802
88.270
88.957
M
ubJ. to call after Dec. 1, 1897
A. F.)............
.July 1,1910
6s.JAJ.$3.(MM)t(S.B).July 1, 1907
Subj. to call after Jau. 1,1891
Net I ended debt
..... $6,168,263
$5,971,446
$5,841,534
subj. to call after Feb. 1, 1898
Floaliugdebi.. _
_ ...... $232,172
$343,004
$410,165
The total ilebt hi 1889 was $5,660,663.
* The $80,000 water bond due Nov. 1,1905, Is exempt from taxot All litdd iu the sinking fumL
C IT Y P R O P E R T Y .—'Hie estimated value of the property owned by tlou.
INTEREST is payable in Staunton, except on the 8 per cent water
the city ou February 1. 1891. w*< $1,619,034. This Includes the water
Work*, valued at $1,500,000; gas works, at $1,000,000; and markets twiml, interest ou which Is payable iu Baltimore. The coupons are all
receivable lu puynieut for the city taxes aud dues
at $302 0 0
, 0.
T O T A L DEST, SIN <IN 3 FUNDS, ETC.-Tlie subjoined statement
DEBT LIM IT ATIO N .—Th* city's debt Is limited by its charter to 18
diows Staunton's total municipal debt and the sinking fund held by tha
per cent of the assessed valuation of real estate.
A S S E S S E D V A LU A TIO N .—The city'* assessed valuation and tax city against the same, ou the lot of April of each of the last three years.
1892.
1891.
1890.
rate h been a* follows:
ave
Total funded debt........................ $334,400
$326,400
$324,400
Perianal
Total A n*r**cd P it • Tax
/
95,640
86,980
)« ic « .
Real Rttafe.
Pnifperty.
1 nation. / O*1.1 M ). Sinking funds.............................. 105.053
"a!
M*
M
i* « n ........ ...$40,313.555
$58,573.5*27
Net debt.................................$279,347
$230,760
$237,420
leM t........ ... 35.341.652
16.640,637
ft 1.98*2,289
14*00
Floating d ebt................... .......... None.
None.
None.
lHH*.)........ ... 3 4.96i.INM)
16,903,000
ftl.H67,(MM)
14 )
*IM
Ou April 1 1892, the slukiii!; fund held $104,500 of the city's bonds
,
1HM ........ ... 3l.06O.IMM)
H
48,792.(M )
M
14,1.3*2.01M
)
1 4 (M
l
14.360.IMM)
4-8,330.) M )
M
h im )
and it receives yearly 1 percent of the city’s debt.
1H «J_
H _
... 33,518 M )
.1 m
14,576.(M )
M
48.004.(MM)
1 4(H)
C IT Y P R D Pc.fi TY.— The total value of all property owned by tha
1885....... ... 32.348,(M )
M
13.7.VJ.IHHI
46,200,000
14*00
City of Staunton, as assessed by the commission appointed by the
In 1891 the 8tat* tax |**r $1.0(8) was $18)0.
City Council on June 2. 18Jl, was $284,400, including the water
PO P J - A TION la 18J0 was 81,328; lu 1820 it waa 63,600; In 1870
works, valued at $173,000.
t was 51,032.
D £3T LI Ml TATIDN.—Hie oity*s debt Is limited by law to 15 per
cent of the assessed valuation of real estate and 17 per cent of personal
R O A M O K 'P ’
JIf. B. TROUT, Mayor.
property.
— /(JIIAH. \V I II i i Ma h , TrM.urer.
.
ASSESSED VALU ATIO N .—The olty's assessed valuation (about 8fr
Hoanoke 1* *tta*led la the county
When Due.
LO ANSWhen Due. per ceut of cash value) ami tux rule have been as follows;
LOANS'—
B k iio k Bond * —
flt iiooi. B.ixns—
Ileal
Tot. .1xxrxxed City Tax
Personal
6*. J a J. *3*i.ooo .... ...July. 19*20 6s. J a J, $34.( mm ......... ...... 1921 Year*.
Estate.
Valuation, p. $1,000.
Properly.
ibibjert t«» rall July, 4905
$4,102,980
$12*50
8ubJ.*ct to cull---- 1896 1891...........
$2,106,455
Coi r r If•iumc. J ail Ac. —
1890...........
..........
12*50
Bksikh A. B. (*, l>—
6*. Ja J. $!5,<mm» ... ...July. 19*21 Os, Ja J. $15.)hh) .......July 1.1903 1889........... ....... 1.8 44.034
1.462.927
3.306.961
12*50
Hulijrct to call July. 1906
1,186,673
hnliject to call July 1,1893 1887........... ....... 1,790,28 4
2,932,957
12*50
F irm A it a k vtcm
POP J LA Tl ON la 18.) J was 6,975; lu 1880 it was 6,66L
< », Ja J, * 21.000__ .. .July. 1921
U
bubjrct to call July l , 1903
Haiijwt t«» call July, 1906 Is, AAO .$ 1 ,(NM)........Oct. 1.1914
o
F irm Emoinr lfou«IK—
W I N C H E S T E R . — W. R. A l e x a n d e r , Mayor.
8«ibject to call Oct. 1, 1899
6*. Ja J. (Hi.ixxi....... ...May. 192ft Is, J&J. $60,(MH)...... July 30.1918
Winchester is the county seat of Frederick County.
ttUlljM-t to all May. 1910
Subject to call July 30,1903
When Due. 5s, JAJ, $9,000........... Dec., 1904
LO ANSS kw kk If *8I»s—
O rrrnu . Map —
Subject to call after 1893
H vii.ro ad B onds—
6*. JAJ. $15.<mn) ... ....July, 1921 Ts, JAJ. $103.(MM)........July, 1921
Bond,
5s, JAJ, $20,030.................. Mar.,1920 debt (lastreturns) $74,000
8nl»jeet to cull July, 1900
eabjrct to call July. 1906
6,000
Subject to call after 1900 Sinking fund...............
R ailway BTItKKT C H VKMKNT—
hi m
Tax valuation.............. 2,284,590
School B iNim—
6*. JA j, * 100.000 .. ...Jnlr.1921 hi, Ja J, $ 10 MM)........ Inly, 1921
2,1
$7 00
8s. JAJ, $15,001).......... Sept.. 1894 City tax (per $1,000)...
Ml
8*ll»J«H*t to call July. 11 M
bubjcct to call July, 1906 7s, JAJ, 7.500................. Sept.,1895
Population in 1890 was.......5,196
$4, JAJ, $4*M».I*M> ..
July. 1918
6s, JAJ, 22,500.......... July, 18JO Population in 1880 was.......4,953
C !1 t tO «all July. 1903
M »)***■
INTEREST i» payable in Winchester.
INTEREST U |myaide In Rmmol
$666,000; slnklm? fund, $25.- W Y T H E V I L L E . — W . L . Y o s t , M a y or.
T O T A L D £ 3 T ot Jill. 1. 1893.
Wytheville is the county seat of Wythe County.
$20: nrt debt. * 640 Iso. Total ile
,
) 1891 wiiw $240,000: III 1889
H v is f 210.000. Th r alukiug fund
L-ivcs annually 1 per cent o f the
LOANS—
When Due. Sinking fund.................. $2,200
Net debt Apr. 1,1892...... 83,519
G eneral I mp. Bonds—
bonded debt.
6s, JAJ. $29.000...... July 1, 1920 Tax valuation, real........ 416,945
ebt la limited by charter to 10 per
DEBT L IM ITA TIO N .—Cit
Tax valuation, personal.. 433,450
E lectric L idiit Bonds—
Os, JAJ, $10,000...... July 1,1924 Total valuation 1891...... 850.395
M ut of MNAMNmi vwtuntion.
Assessment about ^ actual value.
Water Bonds—
ASSESSED VALU A TIO N In 1392 of real estate was $7,508,010; 6s, FA A, $23,000..... Aug. 1, 1923 State tax (per $1.000)--$1*00
personal propifty, $3,301,305; total. $10,469,315; State tax rate (per 6s. AAO, 20,000..... Oct. 1,1925 County tax (per $1,000)..
3*50
12*00
Bunded debt Apr. 1 1892. $82,000 City tax (per $1,000)......
$1,000). s-4 «M city tax rate (per $1,005), $11*00; uver. school tax,
);
3*00
Floating debt................
3,719 Average school tax........
$1* »0. In 1891 real estate was $7,083,223; personal property. Total debt Apr. 1,1892.. 85,719 Population in 1890 was.......2,570
$3.912,H«r2; total. $10,996,025; State tax rate (per $1,000), $4*00:
INTEREST and principal of the general Improvement bonds are
City fax rate (per $ 1,000 $11*00. Property U assessed ut about payable iu Wytheville; on the light and water bonds at the Mercantile
),
two- third* of its actual value.
Trust A Deposit Co., Baltimore. Md.
P O P U L A T IO N .-T h e population In 1890 was 16,159; in 1880 was
TAX FREE.—The water and light bonds issued by this town are ex
empt from taxation.
669.
i
S T A U N T O N . — A. H. F
S T C I T Y
156
VoL LVI.
SU fTt£N T£N T,
C it ie s , C o u n t ie s
and
T
owns
State of West Virginia.
STATE OF WEST VIRGINIA.
DEBT, RESOURCES, E tc.
B E R K E L E Y C O . — G. II. M il l e r , Treasurer.
IN THE
ITS
Admitted as a State (A ct Dec. 31, 1862)
June 19 1863
Total area of State (square mile3) 24.780
State C a p it a l........................................................ Charleston
Governor (term expires March 4, 1897) - W in. A , McConkle
Secretary of State* (term exp. Apr. 1, ’97) - W m . E. Chilton
Treasurer (term expires March 4, 1897) - J. M. Rowan
Legislature meets biennially in odd years ou the second
Wednesday in January : sessions are limited to 45 days, bat
may be extended provided two-thirds of the members elected
to each house concur.
* Secretary of State is appointed by the Governor.
County seat is Martinshurg.
LOANS—
When Due. |Tax valuation 1892--- $6,032,267
M ar tin s b u r g & P otomac RR.— |State&Co.tax ((per$l,000)’91.$13
6s, J&J, $105,000................. 1911 I Population in 1890 was..... 18,702
Total debt (last returns).. $105,000 |Population in 1880 was----17,380
TUT TTTT’ TPTTT'T
5T M. SANDERS, Mayor.
b L U i i r i H L U . — £r . m . BALDWIN, Treasurer.
Blueticld is in Mercer County.
LOANS—
When Due. Tax valuation, personal.$163,434
St r e e t . Se w e r s , E tc .—
Total valuation, 1892___ 729,434
8s, Dec. 30, $25,000. Auir. 22, 1912 Assessment about ^ actual value.
Interest pavable in Bluefield.
State tax (per $1,000)..........$3*50
Total debt Nov. 1, 1892.. $25,000 City tax (per $1,000)........... $6*00
Tax valuation, real........ 566,000 Population in 1890 was....... 1,775
T A X FREE.—The bonds described above are exempt from taxation.
B R A X T O N C O U N T Y .—
T O T A L DEBT —This State has no bonded debt. The floating debt
County seat is Braxton C. H.
on January 14, 1891, wa3 $101,170, which amount was due the
$1,500
LOAMS—
When Due. Sinking funds........ ...
irreducible or invested school fund, being the aggregate of various
Net debt......................
58,500
RR. A id B onds—
temporary loans negotiated in previous years to meet casual deficits in 6s, June 1, $60,000...Juno 1, 1919 Tax valuation 1892...... 2,371,493
Subject to call after June 1, 1899 Tax rate (per$1,000) 1890..$19-50
the treasury.
Total debt (last returns).. .$60,000 Population in 1890 was..... 13.928
FINANCES.—The following statement shows the condition of West
Property is assessed at about * its actual value in this county.
2
Virginia’s finances for the yoar ending September 30,1892, with the
INTEREST is payable at the Weston Bank, Weston, W. Va.
balances pertaining to each of the several funds on that date.
Amount in treasury at beginning of the fiscal year 1891-’92.. $491,974 B R O O K E C O U N T Y . —G. W. M cCord, Clerk.
Receipts from all sources during tne year............................ 1,257,908
County seat is Wellsburgli.
Total in treasury during the year..................................$1,749,882 Bonded debt June 1, ’92. $115,822 Assessment about % actual value.
Amount disbursed for all purposes during the year............. 1,267,278 Floating debt................
26,411 State tax (per $1,00* ) .......... $2*50
Total debt..................... 142,233 County tax (per $1,000)....... 5*00
Balance in treasury Oct. 1,1892......................................... $482,604 Cash in treasury...........
7,962 Sink, fund tax (per $1,000).. 1-00
This balance was made up of the following distinct funds.
Net debt June 1, 1892... 134,271 State Rchool tax (per $1,000) 1-00
State fund.............................................................................
$36,567 Tax valuation, 1892...... 3,038,000 Population in 1890 was....... 6,660
General school fund.............................................................
291,481 In addition to the above the county received in 1892 $2,900 taxes
The school fund....................................................................
154,556
from railroads, which are not included in the valuation.
Total...,........................................................................ $482,604
ASSESSED V A L U A TIO N .—The following table gives the assessed H U N T I N G T O N . —J. N . P otts, City Clerk.
valuation of real estate, personal property and railroad property in
This city is in Cabell County.
LOANS—
when Due. Bonded debt 1892........... $124,000
Personal
Railroad
Sinking funds................
18,000
P a v in g a n d Se w e r B onds J
Real Estate.
Property.
Years.
Property.
68, Oct. T, $82,000......Oct. 1,1921 Tax valuation 1892........3,800,040
$51,707,095
1892............ ...........$147,685,972
$18,195,546
Real estate (estimated)..9,500.000
Sc hool B onds—
51,743,103
1891............ ........... 124,270.542
17,519,723 5s. Aug. 7, $15,000 .. -Aug. 7, 1901 Population in 1890 was..... 10,108
48,725.222
1890............ ........... 121,202,365
17,237,766
Subject to call Aug. 7,1896 Population in 1892(locT esL)12,500
46,115,366
17,386,726 5s, Mar. i3, $15,000.Mar. 13. 1910
1889 ............ ........... 119,879,407
44,469,225
15,501,670
1888 ............ ........... 119,414,434
Subject to call......Mar. 13,1900
43.978,803
1887............ ........... 118,181,936
15,185,650
INTE R E S T on the school bonds is payable in Huntington; on all
42,758,475
1886............ ........... 116,746,529
14,488,758
46,707,755
1885............ .......... 119,982,350
13,268,229 other bonds interest is payable in New York.
1880............
1875............
1870............
1867.............
........... 105,000,358
........... 111,864,323
........... 95,388,047
........... 86,894,702
34,622,399
38,606,277
38,032,395
32,597,938
7,368,983
6,648.041
7,362,844
6,568,103
P O P U LA T IO N OF S T A T E .—Population in West Virginia keeps
steadily increasing, and the Census of 1890 shows a total of over threequarters of a million persons—762,794. In 1860, when the State still
formed part of Virginia, numbers were only 376,688. The State was
not detached from Virginia till 1863, butitispossible to give the reeordsof
population for each decade hack to the time of the first Census, in 1790,
when 55,873 persons lived within the area comprising tho present State.
In 1800 the population was 78,592 and in 1810 105,469. The 300,000
mark was not passed till 1850. The more recent growth has come very
largely from the development of the State’s mineral resources. In one
of the bulletins on mining, the Census authorities in speaking of West
Virginia say that no State in the Union is more favored in the extent
and diversity of its mineral deposits—that her eoal embraces all grades
of bituminous, steam, coking and gas coals of the highest qualities, and
that the possession of natural water-ways, improved slack-water navi
gation and increasing railroad facilities must soon raise the State to a
leading position in wealth and industrial prosperity. We may suppose
that the growth in population will keep pace with the growth in indus
tries.
1890..............762,794 1860............. 376,688 1830............. 176,924
1880............ 618,457 1850............. 302,313 1820............. 136,768
1870.............. 442,014 1840............. 224,537 1810............. 105,469
In 1870-80 increase was 176,443, or 39 92 per cent, and in 1880-90,
) 144,337, or 23-34 per cent.
The proportion of the oolored population was 4-19 per cent in 1880
and 4-39 per cent in 1890. In number blacks were 17,980 in 1870, 25,886 in 1880 and 33,508 in 1890.
B A N K S -S T A T E , N A TIO N A L AND SAVINGS IN S TITU TIO N S.
—There are now eight more national hank in West Virginia than at the
close of 1885 and capital lias increased from $2,011,000 to $2,871,000
while deposits reach over 6% million dollars against not quite 2 mil
lions then. A t the 1891 session of the State Legislature the office of
Bank Examiner was created, and this official made his second report
September 189-2, from which it appears that in addition to the national
hanks there were at that time 45 State hanks, 3 savings hanks and 3
trust companies in the State, and that the State hanks had about 2 *
-8
millions of oapital and nearly 8% millions of deposits.
-1892.---------- , , --------- 188.5.-
J E F F E R S O N C O .—J. Ga r la n d H urst, Treas.
County seat is Charlestown.
LOANS—
when Due- Tax valuat’ n, personal.$2,620,250
Total valuation 1891___ 7,620,250
R a il r o a d A td B onds —
3
5s, A&O, $108,150............ ........ Assessment 2 to % actual value.
State tax (per $1,000).......... $3*50
Subject to call.
5s, A&O, $113,150.............. 1903 County tax (per $1,000)....... 4-00
Road tax (per $1,000).......... 1*00
Subject to call.
Bonded debt Mar. 1 ,’92. $226,300 Average school tax.............. 2‘50
Tax valuation 1892...... 6,777,491 Population in 1890 was......15,553
Tax valuation, real...... 5,000,000 Population in 1880 was......15,005
INTEREST is payable in Baltimore and at the oflee of the County
Treasurer.
T A X FREE.—All bonds issued by this county are exempt from
taxation.
A tz>rpTTVrClTUT TTU C*
W. M cSH E RR Y, Mayor.
M A H . 1 U N o t ) U JrCLjr.— } s . A> W E S TE N H AV E N , T re a s r
t jr
\
Martinsburg is the county seat of Berkeley County.
LOANS—
When Due. Assessment about % actual value.
State tax (per $1,000).......... $2-50
W a t e r W orks —
5s, J&J, $77,000.......O
Jan. ®77 HAG County tax (per $1,000)....... 5*00
1,1905
n, L.1
-I 1 OO
Total debt Jan. 1,1893.. $77,000 City tax (per $ l ,000)............ 6*00
Tax valuation, real....... 1,561,792 Average school tax.............. 6*00
Tax valuation, personal. 690,990 Population in 1890 was......7,226
Total valuation 1892--- 2,252,782 Population in 1880 was....... 6,335
IN T E R E S T is payable at National Park Bank in N ew Y o rk and
at Martinsburg.
T A X FREE.—These bonds are exempt from City tax.
DEBT LIMITED by law to $100,000.
O H I O C O .—H. H.
P e n d l e t o n , Clerk Board Com
County seat is Wheeling.
$46,000
LOANS—
When Due. Floating debt..............
4^8, Dec. 1, $100,000....... ........ Tax valuation 1892----21,501,629
Bonded debt (last ret’ns) .$204,000 Population in 1890 was......41,557
VV 7T T T T 7 T TTVT/'”"
(B . F. CALDWELL, Mayor.
\ THOS. F. THONER, Clerk.
Wheeling is the county seat of Ohio County.
$29,537
LOANS—
When Due. Floating debt..............
Total debt.................... 768,337
B rid g e B onds—
21,982
6s, Nov. 1, $69,500 ...Nov, 1, 1924 Sinking fund................
746,355
Subject to call after Nov. 1, 1901 Net debt Jan. 1, 1893 ..
4*ss, July, $30,500.. .July 1, 1924 Ta< valuation, real..... 16,713,790
National.
State.
National.
State.
Tax valuation, person’l 6,000,000
Cit y B onds—
W est V ir g in ia .
(Dec. 9 ,’92.) (Sept., ’92.) (Dec. 24.)
6s, M&S, $69,500.............. ........ Total valuation 1892.. .22,713,790
Number of banks......
29
45
21
Capital...................... $2,871,000 $2,421,676 $2,011,000 ............... 5s, July, 270,000...... July 1,1919 Assessment about % actual value.
s,
Surplus an<l protits... 1,038,041
747,307
715,551 ............... 413 Nov.,145,300....Nov. 1, 1891 State tax (per $1,000)....... $3*5o
County tax (per $1,000)---- 5*00
Co m pro m ise B onds —
Deposits, individual.. 6,573,601 8,731,660 2,493,808 ...............
3s, J&J, $82,000............... ........ City tax (per $ 1,000).......... 6*00
Altogether the capital of the State and national hanks amounts to
Average school tax............
4*70
E le c t r ic L ig h t B onds —
over 5a million dollars and tho deposits to over 15H million dollars. 6 s,....... ,$72,000............. ........ Population in 1890 was..... 34,522
4
deposits of the State banks $243,598 were saviugs deposits. In Bonded debt Jan. 1,1893.$738,800 Population in 1880 was..... 30,737
addition the three savings banks had deposits of $297,614. The three
O P T IO N A L.—All of the city’s bonds are subject to call.
companies had $111,490 capital and $113,684 deposits, including
$8,612 savings deposits.
®
T A X FREE.—Bonds issued by this city are exempt from city tax
W
April, 1893,
KENTUCKY— BEST Of ®T$T£-
State of Kentucky,
ITS
DEBT, RESOURCES,
E tc.
157
-'1892,-1885.National.
State.
National.
State
K entu cky.
(Dec. 9 .’92.) (June30,>92.) (Dee 24
(J m T i o *
m
Number of banks.
S2
162
6s '
“ Ite r '
$15,409,400 $19,220,852 $13,260,400 $11369 391
Capital- ......
Surplus & profits. 5,391,831
6,753,525
4 010 656
2 444 534
Depos,, in dm d’l. 18,720,187
31,283,511
11,301,807
The 244 State and national institutions at latest dates had 34% mUlIon dollars capital and 50 million dollars deposits.
Admitted as a State (A ct Feb. 4, 1791 - June 1, 1792
Total area o f State (square miles) 40,400
State Capital
Frankfort
C i t i e s , C o u n t ie s a n d T o w n s
Governor (term exp.6tlrTaes.aft.lstMon.Nov. '95) J. Y . Brown
m THE
Secretary o f State (term same as above) - .John W . Headley
STATE OP KENTUCKY.
Treasurer u ill 6th Tues. aft. 1st Mon. Nov. ’95) - Henry S. Hale
Legislature meets biennially in odd years on the Tuesday
A L L E N C O U N T Y . — County seat is Seottsville,
follow ing the first Monday in January, and sessions are lim
LOANS—
When Due. I Tax valuation 1892...... ffil,540,07&
Co u n t y B onds—
|Tax valuation 1890___ 1,565,954
ited to 60 day 3 exclusive o f Sundays and legal holidays, but
....... ..........$173,050..................... j Population in 1890was. ’ 13,692
this limitation does not apply *.o the first Legislature under Total debt (last returns) .$173,050 |Population in 1880 was
12 089
the new Constitution, namely that of 1893.
LO ANS-
-/hIcrg&i,— -v
-P rin cip a l,P. Ct. Payable.
NAME an d pu rpo se .
When Due.
Outstand'g.
M ilitary fauM-. 1868....... 6
J & J Aug, ’94 to Jan. ’ 96 §174,000
O r . o f Indebtedutwi 1885 I k -J «fc D
Jane 1, 1905
500,000
P A R V A L U E O F B O N D S -^1 ,0 0 0 each.
•IN TE R E ST—W H E R E P A Y A B LE —I nter eat on the 6a is payable at
Frankfurt nit i in S rw Y»»rk, and on rhe 4s In New Y o rk at the United
State# National Bank.
T O T A L O c 3 T f S IN K IN G FU ND S, E t c ,—T he subjoined statement
•fcttw* ICeatneky’ s total debt anti e&sh. assets against the same on the
Hint o f July o f each o f the years Indicated.
jN o ra .—-Tbe tot;*,]
vain uion for the year 1892 was $544,70;#,990. J
.
1891.
1889.
Total booSeA debt fes:,ctosiy» o f bonds held by the
Boumt of Ivlactiliotk--....... ........ -....................... .§074,000
$074,000
Cash * * * * * * ........... ...................................... ........ 780,311
715.600
to
i*> the total debt ns above stated there are also ontstand-Tate and county tx>mi« Msued for school purposes as follow s.
8tat*s bond hMued Jan. 1,1870, $1,327,000; eounty bond issued Jan. 1,
1885, §378,9ML Them bonds are not strictly speaking a debt o f tha
State. They are irredeemable; the fond Is iuviolate, and the six per
o*;iif•
-anu *ml Interest drawn by them is provided for out of the
revenue placed to the credit o f the sinking fund annually.
D IS T R IB U T IO N O F R E C E IP T S .—The foliowing statement show*
tfoe dUtilbaUoi* o f entire receipts from ail sources paid into State
Yre.ieary for year ending Jane 30,1891.
.
“ m «hm U ....... ..................... ................................
1,538,655
' * JUrrieuUurnl & Meehaalcal College at Lextogte®...........
29,791
M *ienerail o%i*msm o f Oovenuoaent___ ......— ................ . 1,853,054
?a
Total receipts paid o u t....... ................................ .
.$3,538,378
ASSESSED V A L U A T IO N — he State** assessed valuation has been
3M fOllOW# 5
STaHi.-“T be total m m m e< v ?nation for the year 1892 was $544,.
1
•
7
T e a r*,
i le a l Relate.
"ergonal Property,
Railroads.
#145,241.945
1891 ... ........$391,630,294.
_________ _ 374,926,608
135,51*2,766
$45,921,192
40,860*913
131.533,729
i m&,
39,863,285
130,514.198
1
61,O
S
% n,
m
1887,
132.334,637
35,571,631
1889 was $4*75; in 1890 and 1891
.
HU
The
w m Sfcl-25.
td in the State, on which the
I s 1889 there were 2,481 He >f ra
to ta l tax payable was $161,988
P O P U L A T IO N OF STATE, -Kentucky is one o f the progressive
State* o f the South. It w m not me of the Original Thirteen States, but
I um been la the V nlon Jn#t about » hundred years. It formed part of Yir*
|ini», and that Commonwealth tarin g given its consent, the “ District
« f Kentucky*'" w p *irected into a separate State, and by A ct of Congress
PMMMI fib 1701 bMMDM • IBiBlbc-r **f tin*
Uni'-n J'-inc 1. 1792.
T 1m S%mW» resmiree# are many and varied. I t has not only great agrieiilbaral advantage# but considerable mineral wealth, and. it# growth in
popfilatloB Idm been rapid from the start. In 1700 numbers wero
73,677, ten je m * after, the total bad risen to 220,955; 1810 found it
4 i>;j>u ; in
it h vl (tan* np to 561,135; in 1830 to 687,917; in
! 8:5*1
*<>5: in 1870 to 1,321,011. In the last two decades there
ha# hern % farther addition, o f considerably over- half a million, and,
accordingly#the 189CI Canaan reported a total of 1,858,635. There are
only 4- o
that have a larger population than this.
- U.C, I $60....... ... 1,155,684 I 1830-.......... .687,917
1800. . .. .. . 1.648.609 | 1830____ . .. 082.105 1 8 2 0 .......... 564,135
>,828
3 1 0 ........... 40<
I m 1990-70 increase w m 165,327, or 14*31 per cent; in 1870 80, 327,#70* or 24H I per coot; In 1880-00, 209,945, or 12*73 per cent.
Tisc propowrtb.m o f the colored, population was 16*47 per cent in 1880
136.167 in I860; 222,210 in I870; 271,451 in 1880; and 272,981 in
1000,
BANKS—
STATE, NATIONAL AND SAVINGS INSTITUTIONS.
— K «nto>dv lew munerou* banks mid a large amount of banking capit*L A# in m many Southern States, the State banks outnumber the
>
national banks, and also hold heavier amounts o f deposits. And yet
th e operation* of the national banks are quite extensive, there being 82
organD-atious,. with. 15% inflllbps of capital and 18% millions
mt deposit#. The State bank* number 162. have nearly 19 % millions capi
la ! and 31 % millions deposits. Those figures are taken from the report
9 f fim Cbftjptfrdlor o f the Currency* a0 are also those for 188b in the
1
table following.
( J. C. W H ITTE N. Mayor.
\ JOHN RUSSELL, J r ., Treasurer.
Ashland is in Boyd County.
LOANS—
When Due. Tax valuation 1892...... $2,800,00®
I m pro vem ent B onds Assessment about % actual value,
5s, M&8, $30,000...... Sept, 1,1910 State ta x (per $1,000)......... .$4-75
Subject to call after Sept. 1 .1895. County tax (per $1,000......... 5-00
Bonded debt J an. 20,1893 .$30,000 City 1ax (per $1,000)............ 7-00
Floating debt.................... 10,000 Average school ta x .............. 3-00
Total debt- Jan. 20,1893... 40,000 Population in 1890 was....... 4,195
TA X FREE.—The bonds issued by this city are exempt from taxation.
ASH LAND ,
C A L D W E L L CO .—P. W.
B
arley
County seat is Princeton.
LOANS—
When Due.
,
Treas.
Interest is payable in Princeton.
R a i l r o a d B o n d s .—
T ax valuation 1892....... 2,425,901
6s. MAS, $190,000. .March 1 ,1902 Population in 1890 was.. ...13,186
Total debt Mar. 1 ,1893..$205,800 Population in 1880 w a s ___11,282
C H R IS T IA N
C O . — M e. J. D a v i s , Sheriff,
County seat is Hopkinsville.
LOANS—
When Due. T ax valuation 1892___$7,208,987
R a il r o a d A id
Tax rate (per $1,000) 1892..$9’0 >
C
' s, J&J. $103,000......Jan. 1 ,1897 Population in 1890 was,....34,112
Total debt March 1,1893.$103,000 Population in 1880 was......31,68"
C L A R K C O U N T Y . —E. D. Hunter, Treas.
County seat is Winchester.
LOANS—
When Due.
Sinking funds......... .....
$5,000
R a il r o a d A id B o n d s —
Net debt. ..................
153,000
6s, J&J, $92,000. .$7,000 per year. T ax valuation 1892...... 8,090,515
T u r n p ik e B onds —
Tax rate (per $1,000)...
$7-75
6s. J&J, $66,000..
1907 Population in 1890 was
15,434
Total debt Apr. 1,1892..$158,000 Population in 1880 was
12,115
INTEREST is payable at Winchester,
C O V IN G T O N .— |f; ?;
S T '
This is the county-seat o f Kenton County,
R ed em ption B on as—
LOANSWhen Due.
A s ph a lt B onds—
7-3s, F&A, $123,000. .Aug. 1 ,192S
4s, F&A, $150,000....Aug. 1 ,1931
R e s e r v o ir B o n d s B r id g e B o n d s —
48, J&J, $1,099,500...Jan. 1,1927
Sch ool B onds—
4s, J&J, $38,000....... July 1 ,1926
F l o a t i n g Ji k u t B o n d s —
4s, J&J, $40,000....... July 1,1897
8s. J&J, $85,000......July 1,1899
W a te r W orks F u n d in g B o n d s —
48, J&J, $210,000...... Jan. 1,1930
5s, F&A, $310,000....Au g. 1, 1920
4s, F&A,
79,800.... Aug. 1, 1920
IN T E R E S T on the 8 per cents is payable in Covington; on all other
bonds in New York.
T O T A L D EBT, S IN K IN G FUNDS, Et c .—T he subjoined statement
shows Covington’s total municipal debt, the sinking-fund held by the
city against the same, and the water debt, on the 1st o f January 1893,
1892 and 1891.
1893.
1892.
1891.
Total bonded debt.................... $2,135,800 $2,120,100
$2,037,800
Sinking funds.........................
9,000
24,097
N et d e b t.............................$2,126,800
$2,013,703
Water debt included above......................
$1,309,500
$1,334,000
In addition to the above total bonded debt, the city had a floating
debt on January 1 , 1893, o f $50,000.
ASSESSED V A L U A T IO N .—The city’s assessed valuation and ta x
rate have been as follo w s:
Personal
Total Assessed Tax Pate
Years.
Real Estate.
Properly.
Valuation, p er $1,000.
1892..............................
...........
..........
$26H9
1890
...........
..........
...........
24-95
1889 ' ....... $14,344,607
$2,263,275
$16,607,882
...... .
1888 (about)
..........
...........
15,992,000
........
T ax rate in 1892 includes State tax, $4-75; county tax, $1-44; city
tax proper, $20-00; total, $26-19. Property is assessed at 75 per eeni
of its actual value.
P O P U L A T IO N in 1S90 was 37,371; in 1880 it was 29,720.
i— * a /-r-1(— t
.
iiv
5W. C. M cCLAIN, Mayor.
D A Y 1 O N .— ) C. B. H AYW ARD , City Clerk.
Dayton is in Campbell County.
LO A N S—
Wfte» D ue. Sinking fund................. $15,108
N et debtFeb, 1,1893.... 199,400
R k e o n d in o B o n d s —
8 ».0 c t ,
$900....Oct, 17, 1896 Tax valuation 1893........1,425,000
Assessment is % actual value.
8s, May
5,250... .May 23, 1893
6s, F & A , 126,900....Aug. 1,1910 State tax (per $1,000) 1891.-$5-25
Subject to call after Aug. 1 ,1895. City tax (per $1,000)............ 15-00
Average school tax.............. 5-00
St r e e t I m p r o v e m e n t B o n d s —
6s, semi-au., $5,524....... ten years Population in 1890 was....... 4,264
Population in 1880 was...... .3,210
Os, semi-an., $69,834......teu years
Bonded debt Feb. 1 ,1892.$214,508
T A X FREE—The bonds are all exempt from city tax.
IN T E R E S T Ja payable on the refunding bonds at the First National
Bank o f Newport; other interest at City Treasurer’s office.
158
F R A N K F O R T . — L ew is M a n g a s . M.nor.
This is the capital of tlio Statu and the county seat of Franklin
County.
a B r id g e B o n d s
Yol. LVI.
STATE f t T 5 CITY SUm tM tflT,
J
of
ft L o t t e r y B onds —
1880—
6s, J&J, $0,500........ June 15, 1900 Oh, J&J, $50,000........ July 1, 1905
b F i nding B onds —
a School B onds—
ft K en tu c k y M id l a n d RR. A id —
LO A N —
s hen Due.
(4) Road Bed(L. C. A I,. KK.)—
*
R J&J, $150,000..July 1.1901
.
7s, J&J,
200,000..July 1,1903
S e w e r B onds , 1868-71 —
6s. J&J,
$81.0(H).. July, 1898
“ s. J&D,
423,000.. June, 1901
8 r r k e t I m pr o v e m e n t , *66-67—
6s, F&A,
$31,000 ;Aug.25,1896
LOANS—
6s, M&S,
6s. A&O,
6s. J&I),
6s, F&A,
W hrnD
$13,000..Sept 15.1890
20.0(H)..Oct. 1,1890
37,000..Dec. 15.1890
89,000. .Aug. 1, 1897
ft W a t e r W o r k s . 1867 —
6s, J&J. $499,000..July 1. 1897
W h arf , 1868—
Os, M&N, $124,000..May 14,1898
a S e w e r B onds —
Oh, J&J, $05,000......June 15. 1900 6 s ,....... $10t(H>0....Jllly 1,1901
6s, .1&J, 25,000...... Inly 1,1904 5s, J&J. $ 15.0(H)........ July 1, 1900
u $100, $500 and $1 .ooo.
ft $i,ooo.
68, F»&A, $100,000... An*. 1, 1918 5s, J&J, $10,000........ July 1, 1900
PAR VALUE OF BONDS.—As indicated above, the bouda are
a $500 each, b $1.000 each.
0.
T O T A L BONDED D E B Tn tdntoof our last returns was $251,500. mostly for $ 1,0 0
T A X FREE.—All bonds Issued by this city are exempt from taxa
Annual interest charge $14,840. To offset its di*l»t tin* city owned gas
bouds, face value $40,000. and Kentucky Midland preferred stock, face tion.
IN TE R EST.—Coupons are mostly payable in New York City at tlio
value $ 1000 0 Kentucky Midland first mortgage 6 per cent bonds
, 0,
National Bank of the Republic, the exceptions to this being the Lebanon
$110,000.
ASSESSED VALU
ON in 1830 of real estate was $2,106,110 ; of Branch R k . loan, and the old liability 7s to 1901. the street improve
personal property $724,935; total $2,830,351, of which $121,988 was ment 6s, the sewer 6s, and the jail 6s, which are payable in Louisville
o f property owned by colored population.. Tax rate (per $1,000) for at the sinking fund office.
T D T A L DE3T, SIN <IN3 FUNDS, ETS.—The subjoined statement
ordinary revenue $12*00; for schools $1*50. In 1889 total assessed
shows Louisville’s total debt, sinking fund, etc., on January 1 of each
valuation was $2,475,173.
of the last three years:
P O P U LA T IO N in 1890 was 7,892; in 1880 was 6,958.
1893.
1892.
1891.
Total bonded debt.................. $9,212,000
$9,455,000
$9.38*2,000
Sinking ruml assets.................................
2,809.934
3,112.339
F R A N K L I N C O .— J o h u W . P r u e t t ,
Annual interest on bonds.......................
504,095
522,165
County seat is Frankfort.
The total debt as ab >ve does not iuclude the $333,000 Lebanon
LO ANS—
ir/icn Due Tax valuation 1892__ $6,090,848
R a il r o a d A id B onds
Tax valuation 1891.___ 6,075.2x4 Branch Extension bonds payable by the Louisville & Nashville RR.
e s , ........ *150,000.......................
Total tax per $1000 ...
$10*35 Company.
R efu nd ing B onds —
1
’opulation in 1890 was...... 21,267
Tlie dieting fund’s available assets as above on January 1, 18.11, in
5s......... . $62.000........................ Population in 1880 w a s ___18,699
Bonded debt Jan. 1, ’93...$212,000
cluded cash, $151,993; city’s note, $*>0,000; city’s 4 auil 5 percent
bouls, $6 42,5.) ); Lebanon Branch Extension R. bonds, $57,000;
G R A N T C O U N T Y . — . C. P o i n t s , Treasurer. back taxes, $127,340. Stock in water company, non-dividend paying,
D
County seat la Williainstowu.
though worth, it is said. $500 per share, $1,274,600, and city wharf
LOANS—
When Due. Pinking fluid................. $10,000 property, from which little revenue is derived, $506,500; total, $2,
B r id g e B o nd s —
Net (lull! J hli l. ia o s . . ..
Kli.'lOO 809,934.
6s, J&J, $36,500.. 10 yrs. from date Tax valuation, real.......2.800,000
The sinking fund and interest aocount for 1892 was officially pre
8ubject to call at any time.
Tax valuation, personal.2,300.000
T u r n p ik e B onds —
Total valuation 1892___ 5,100.000 dicated as folio vvs: Cash on hail l Jail. 1, 1892,$151,933. Receipts: from
6s. J&J, $54,100.. 10 yrs. from date State ta x (per $1,000).......... $1*25 •inking fund tax $290,979; from back taxes $13,000; from interest
Int’st payable at Co. Treas. office. County tax (per $1,000)....... 5*00
Bonded debt Jan. 1,1893..$90,600 Population in 1890 was......12.671 $37,830; from licenses $307,000; total $800,802. Disbursements.
Floating debt.................. 6,000 Population in 1880 was......13,083 Interest $504,095; expense of sinking fund $23,000; redemption of
Total debt Jan. 1, 1893
96,600
bonds falling due, $202,000; total, $729,095 ; balance January 1,1893
$71,707.
G R A Y S O N C O U N T Y . -G. TV. S t o s e , Trear. ASSESSED VALU XTIO N .-The citv’a assessed valuation and tax
County seat is Litchfield.
rate at different periods have been as follows:
LO ANS—
When Due. Tax valuation, real..... $1,000,000
Personal
Tax per
R a il r o a d A id B onds —
Tax valuation, personal 900,000 Tear8.
Real Estate.
Property.
Total.
$1,000*
6s, J&J, ? a>tii *400
J
1903 Total assessment 1892. 1,900.000 1892.........$78,764,442
10,722,500
$89,486,948
$26*45
6s. A&O. f***1’300...... ( to 1907 Assessment about
actual value.
8**38,220
81.306,916
Subject to call at any time.
State tax (per $1 ,ooo) ........ $4* 5 1891........ 72.468,696
1890........ 68,965,291
7,301.909
76.267,200
Total debt Feb. 1, l893....$9l,3Q0 County tax (perfl.oOO)....... 9*00 1889........ 65,335,839
7,3*27,395
72,663,234
24*95
Sinking fund assets.......... 15,000 Population in 1890 was......18,688
6,879,625
1888......... 62,272,909
69.152,534
Net debt Feb. 1,1893....... 70,3o0
1886........ 58.174.512
6,231,003
64,405,515
The tax rate In 1892 Includes city tax proper $18*35; State and
G R E E N C O U N T Y , -H. T. L a i s u n s , Clerk.
county tax $4*75 ; average school tux, $3*35. Property is assessed at
County seat Is Ureeuslmrgli.
80 per cent of its actual value.
LO ANS—
When Due. Tax valuation 1892..... $1,059.13"
P O P U LA T IO N .—Population In 1890 was 161,129; in 1880 was
R a il k a d A in B o x d s :
Population in 1890 was......11,463
Cs........, $244.900...... Apr., 1891 Population in 1880 was......11,871 123,758; in 1870 was 100,753.
Total debt Juu. 1, 1893 ..$244,900
L Y O N C O U N T Y — H. B. L y o x , Troa^rpr.
H A R R I S O N C O .—W.T. L A F F E R T Y ,A c t ’ g Trea*.
County seat is Eddyville. Since tlie date of the following report the
couuty debt has been compromised. See V. 54, p, 418.
County seat is Cyntbiana.
LOANS—
When o-ue. I Tax valuation 1892___$1,326,916
LOANS—
When Due. Total debt Jan. 1,1893. $156,000
T u r n p ik e B onds—
R a i l r o a d A id B o n d s —
( T a x valu ation 1891____ 1,300.000
Of which $40,000 was floating.
€s, JAr.T, $100,000.... <1892, 1897, Tax valuation 1892,...$5,408,720 7s, A & O , $32.(MK).......Oct, 1, 1879 j Assessment is about ^3 real value.
F unding Bo n d *
Hue In Jan. eucli yr. < 1902, 1907 Assessment about % actual value.
Total valuation 1*89...$1,245,424
I n f ir m a r v b o n d s6s. A&O. $160,(MH)....Oct. 1, 1907 Total valuation 1888... 1,199,098
State and county tax
(per $1,0(H))..............
$10-00 Accrued in teres t................ $73,000 Population in 1890 was........ 7,628
03- m a n , $10,000
.
J g g;
Population in 1890 was.....16,914 Total debt (last r< turns) .$265,000 Population in 1880 was,.......6,768
County has no sinking fund.
L E X I N G T O N . — D. V'. J o hnsox , Trejsurer.
Tills cliy is in Fayette County.
When Due. ■ s, M&X.$100.000.Mav 3,191s
5
LO AN SA in A. & M. Cot,i,coe —
4L>s, J&1>, 1.50.000.Bept. 25, 1920
6s. M&N. $30,000...... N or. 1,1910
F i nding B onds —
6 “. MJttf, $51,000...... May 1, 1900
Sc hool B i i i .d ino B onds —
5s. A&O. $30.0'0....April 1,
Tot. debt Aug. 17 1892.. $571,000
Snbjeet to oa.Il on 2 luos. notice. Sinking fund...............
87.527
5s. F aeA. $25,01)0...... Ausr. 1, 1913 Net debt Aug. 17 1892..
483.173
Subject to call in teu years.
Tax valuation 1892___ 12.948,11;
5s, F&A, $50.000...A usr. 1,1918 Assessment is h actual value.
4ioR, F& A. 105.000...Aug. 1, 1932 State tax iper $ 1,000 .......... $000
)
R a il r o a d a id BONDS
County tax ipei $l,000)....... 2-80
ES, F&A. $30,000...... Aug. 1, 1913 City tax (per $l,000i............ 12-00
Subject to call in ten years.
Population 1890 was......... 21,507
INTE R E S T on the funding bonds due iu 1918 and 1932 on the
school building bonds and oil the railroad aid bonds iue in 1918 it
payable iu New Yor< C ity; ou the rundiug bonds, due iu 1900 and on
railroad aid bonds due iu 1913 and 1920, at Lexington.
L O G A N C O U N T Y .—
County sent is Russellville.
$51.80
Tax valuation 1892.... 4,771,397
•*s. ........ $323.200..........
|Population in 1890 was___23.812
Total debt (last returns).$323,200 i Population iu 1880 was___24,358
LOANS—
Co u n t y B o n d s :
When Due. I Sinking fund...............
j
TYLER. Mayor.
L O U I S V I L L E . — j HEN BY 9.HANCOCK, Treasurer.
(JOHN H.
Louisville is the couuty seat of Jefferson County.
, LO ANSWhen Due.
LOANS—
When
o C it y H a l l —
5s, M&N, $500,000..May 1,
7s, A AO, $200,000.. Apr. 1 , 1903
Subject to call after May 1,
a MuxIUI PAL IM PRO VEMH
STS —
5s, F & A ,
500.000..Feb. 1,
4a. J&J, $1,495,000 .July 1, 1923
4s, J\’ U, 1,.■>09,009..Dec. 1,1928
ft N ew J a i l , 1809—
7s, A&O, $133,000..Oct. 1,1898
ft O ld L ia b il it ie s , 1871-1880—
7s. A&O, $119,000..Apr. 1, 1901
7s, M&S,
394,000..Mar. I, 189 1
5s, M&N,
500,000..May l, 1920
Subject to call after May 1, 1890
Due.
1920
19(H)
1911
P a r k B onds—
4s, J&.T,
$600.000..July 1,1930
ft R e c o n s t r u c t io n , 1873—
7s, J&J, $600,000..July 1,1903
ft R \il r o .yo A id L o a n s —
(1) Eliz. & Pad. UR., 1873—
7s, J&J, $998,000..Jan. 1,1903
(2) Lebanon Br. RR.—
6s, A&O, $333,000..Oct. 15,1893
M c C R A C K E N C O .—
LOANS—
When Due.
R e fu n d in g B onds 1892—
County seat is Paducah.
T ax valuation 1892....$7,019,417
_
Tax valuation 1890_ 7,314,105
5s.......... $500,000... .................. Population iu 1890 was
21,051
Total debt (last returns) .$536,400 Population in 1880 was
16,262
M A D I S O N C O .—T. D.
Ch
exault,
County seat is Richmond.
Treasurer
LO ANS—
When Due. Tax valuation 1892___$8,266,550
R a il r o a d Bonds —
Tax valuation 1891 ... s,*287,723
6s, A&O, $30,000..........................
Assessment is % actual value.
-object to call at any time.
State tax (per $1,000).......... $4*75
5s. J&J, $ 125,000.................. 1920 County tax (per $1,000)....... 4*25
Bonded debt Jan. 1,1892.$155,000 Population in 1890 was___ 24.348
Sinking fund...........
10,000
Population in 1880 was___ 22,052
Net debt Jan. 1,1892. 145,000
INTE R EST <*n tlie 6 per cent bonds is payable in New York, and on
the 5 per cent bonds in Louisville, Ky.
M A R I O N C O U N T Y . — O. G. K
e l l y , S. F. Com.
Count!' seat is Lebanon.
LO AN SWhen Due. Tax valuation 1892......$3,220,425
R a il r o a d Bo *D8—
Assessment about ^ actual value.
6s, A&O. $5*2,200...... Apr. 1, 1894 State tax (per $1.000)......... $4*25
($17.4oo due y’rly) to Apr. 1, 1896 Comity tax (per$1,000)....... 9*50
Total debt Feb. 1, 1893.
$69,600 Population in 1890 was___15,648
IN T E R E S T is payable at the Citizens’ National Bank, Lebanon. Ky.
M A Y S V I L L E . —E. E
P e a r c e , J r ., Mavor.
This is tlie county seat of Mason county.
LO ANS—
When Due. Total debt (last returns) $124,320
R a n .r o a d B o n d s :
Tax valuation (about
5s, J&J, $6,326........ July 1, 1897
actual value) 1890_ 2,370,679
_
5s, F&A, $60,000...... Aug. 1, 1898 Total tax (per $1,000)..
$19*60
($6,000 due yearly) to Aug. 1, 1907
(Including city tax $12*50 and
W ater W o r k s :
State and county tax $7*10.)
6s, F&A,$42,000...... Aug. 1, 1890 Population in 1890 was....... 5,358
($7,000 due y’arly) to Aug. 1, 1895 Population in 1880 was....... 5,220
6s, F&A, $8,000....... Aug. 1, 1896
INTEREST is payable ut MaysviL#.
April, 1893
KENTUCKY— CITIES AND TOWNS#
M E H C E R C O U N T Y . — County seat ia Harrodaburgh.
LOANS—
CoiNYY It " in s -
When Due. I Total debt (last returns). $105,000
j Tax valuation 1892....... 4,780,851
........ ♦105,000.......................I Population lu 1890was....... 15,034
M ID D L E S B O R O U G H
M
Mkldicwborough U in B«*ll County.
a. HAKT, o
y
r
.
Treasurer.
When Due. Sinking fund.................. $30,000
LOANSNet det.t Jan. 1. 1*93.... 170.000
fls. M'lui-iu., $75,000 .15 <k 30 yrs. Tax valuation, real........ 500,000
G k n k k al B m t m -
8 i > k is o F umi* Bum m <
—
Tax valuation, personal. 75.000
5*. A AO.
$75,000.. 15 A 30 vr*. Total valuation 1*92...... 575,000
Bunded debt Jan. 1, *93. .$!5O,00«i
A**e<8iiieiit i* % actual value.
Float! n* debt................. 50,000 St *te tax (per $1,000)........ $15-00
Total debt..................... 200,000 Population lu 1890 was.......3/271
TAX FREE- All the bond* Issued by this city are exempt from
1 .5 9
P E N D L E T O N C O .—J. U.
County seat is Falmouth.
LOANS—
When Due.
H ig g l e ,
Treasurer.
Pinking fnnd................ $15,000
F unding B onds —
Net debt. Jan. 1 1893.... 153.000
5s. JAJ, $75,000....... July 1,1912 Tax valuation, real...... 3,002,589
T okni ik e B onds—
6s, JAJ, $20.000...... July 1,1908 T»> valuati4>n, personal.2,000,000
1892...5,002,579
6*. JAJ, 15,000.... Jirtv 1,1898 Total valuation, n- actual value.
Assessment
64JAJ, 15,000.... July 1, 1903 State ta- (per is1,0 0 ..........$4-25
4.
$ 0)
6s. J.AJ,
3,000.... July 6 1906 County tax (per $1,000)....... 6-00
,
3s. JAJ,
40.000.... July 1, 1910 Average school tax.............. 3-50
Total debt Jan. 1,1893.._________ Population iu 1890 was......16.346
. _____ $168,000
INTEREST on the 6 per cent turnpike bonds due 1906 is payable at
Falmouth; on the funding bonds at tlie Chase National Bank, N. Y. j
on all others at the Bunk of America, N. Y.
taxation.
S C O T T C O U N T Y . — County seat is Georgetown.
M O N T G O M E R Y C O . — J o hn G. W i n n , Treas.
LOANS—
When Due. I Total debt (last returns) $125,000
CoUHTY B onds —
T a x valuation 1892.... 7,886,819
*•8......... $125,000........ .............I Population in 1890 was....16,546
County seat :* Mount Sterling.
LOANS—
When Due. « T o ta l debt June 1, 1892. $173,000
© » c k t 1I«» c « e—
S in k in g fund a n se ta ........
40,000
fla. J A J . $ 1 0 .0 0 0 ..................... 1896 ! T a x valu ation 1 8 »‘2........ 4.613.498
F r s i» t * « i D km t —
j Aaaeaatueut ** to ^3 actual value.
«#, JdtJ. $113.000...........Jan., 1903 State ta x (per $ 1 .0 0 0 ).............$4*75
Subject tn ca ll Jain. 1893 County ta x (per $1 ,0 0 0 )......... 0*00
R u l r h i I) R »x i »#—
Popu lation lu 1890 w as.........12,367
6*. J«kJ. iW M M M I........... Jan.. 1897 I Popu lation in 1080 W m ....... 10.566
S H E L B Y C O U N T Y ^ — County seat is 8belbyville.
LOANS—
When Due.
Co u n t y B o n d s—
Tax valuation 1892___$8,000,000
State tax (per $1,000)..........$4-75
5s A Os. Apr.. $265,000. Apr. 1, ’98 County tax (per $1,000)...... 2*12
Total debt Jan. 1,1893... $265,000 Population in 1890 was...... 16,521
S P E N C E R C O U N T Y .—
County seat Is Taylorsville,
LOANS—
When Due. I Total debt (last retumB).$l60.000
INTEREST— VHERE PAYA3LE.— luterest ou railroad bonds la
C
B ondsparable In S e w York at Bxnk of America ; ou otlior bonds at Mount 66, o c n t y$70,000...... Apr. 1,1896 Tax valuation 1891....... 1,682,602
AAO,
State and county tax
Sterling, Ky
to Apr. 1,1911
per $1,000.................. $14-25
M U H L E N B E R G
C O . — County seat la G reen ville.
ITAc* Due : Tax valuation 1892__ $2,302,206
LOANS—
Cult STY IP ivrsi—
...............
$MI 1.000..................
T a x valu ation lrtlH)___
2,251,962
6f, AAO, $90,000.......Apr. 1, 1901 Population in 1890 was.....6,760
to Apr. 1,1911 j Population in 1880 was.......7,040
INTEREST is payable at United States National Bank In New York
City.
Population In 1890 was......17,955
Total debt (la»t 1 eturn.) $800,000 |Population iu 1880 was. ....15,098 T A Y L O R
LOANS—
M C IX / D D P T
5A- #• BEKRT, Mayor.
N t . W K U H 1 .— , m . J. C08T1GAN, City Clerk.
Newport I* In Campbell County.
LOANSWhen Due. I 5», JAJ, $84.000......July 1,1906
Baua»K «•> *»»—
BKWi.n Bond* 1892—
4a. JAJ. $38.IMN)....... July 1, 1011 5 * ..... $66,500................... 1913
D W H 't lX V I B* rSDS—
(O ptional 'jo yea rly.)
5s, JAJ, * 50,000........July 1, 1904
WATMt Works —
laraoVEMKST BONDS—
7“> ,a
$ », P A A . * 3 0 .0 0 0 ...... Aug. 1,1900 7 in*.
8a. JAG. 30.000.. Dec. 23, 1900 7 ios,
K km cw ai . Bo 'IW —
7 * ,„ *,
M A N , $289,000. M a y
M A N , 197,000.M a y
M A N . 200,000.M a y
M A N , 100,000.M a y
1, 1901
1,1 9 0 2
1, 1903
1. 1894
8a,.......,$15.000......
1804
INTEREST U payable mostly by Bank of America, New York City;
partly by City Treaaurer.
T O TA L BONDED DEBT December 1. 1802, was $1,033,500. of
which $786,000 waa water debt. Sinking fund assets, $33,112. The
faking fund reeelvea yearly aliout $16,000.
ASSESSED VALUATION for 1892 has not yet been reported. In
1890 It was about #8.000,000; tax rate (per $1,000), $26-70, this In
eluding State tax. *120; county tax. 82'30; city tax proper. $20*00.
Bead estate is assessed at ** about two-thirds lu actual value." Total
assessed valuation In 1887 was #7,629,350. Property Is assessed at
about H of its actual value
POPULATION In 1890 waa 24,018; In 1880 was 20.433.
O W E N
C O U N T Y . — County seat Is Owenton.
LOANS—
When Due. 1O f w bleli floating debt w a s .? l 2,000
O iU X T T Ib »vr»*—
! T a x valu ation 1892....... 3.624,678
■
.......... ...$ 1 1 1 ,0 0 0 .._______ 1 Popu lation iti 1890 w a s ....17,676
Total debt (last re tu rn *,..$123,000 I Popu lation In 1880 w a s---- 17,401
When Due.
I Sinking fnnd...............
When Due.
..8,........ $125,000
County seat is Carapbellsville.
Total debt (last returns) $125,000
Tax valuation 1892.... 1,143,775
Population in 1890 was..... 9,353
W A R R E N C O .—E. H. P o r t e r , Treasurer.
County seat is Bowling Green,
LOANS—
When Due. Net debt Jan. 1,1892... $21,500
B r i ! k#£ and R oad B onds—
Tax valuation 1892..... 8,587,416
68, JAJ. $24,500.......July 1, 1898 Tax valuation 1891.. .$10,026,616
Actual value (est’m’d). 14,000,000
Subject to eall at any time.
Tax valuation 1890... 9,500,000
T u r n i i k k B«>nds —
$4*25
5**. JAJ. $60,000............. various. 8tate tax (per $1,000).
$1 -50
Subject to call 5 yr*. after issue, County tax (per $1,000
Population iu 1890 was......30,158
fut. tuimvahle In Bowling Green.
Total uebt Jan. 1, 1892.. .$84,500 Population in 1880 was..... 27,531
sinking funds................. 63,000
The county owns stock In various turnpikes to the amount of $60,000 which pays an average dividend of about 5 per cent# This stock is
included in the sinking fund assets as given above.
W O O D F O R D C O .—J. P.
A
msden,
Treasurer,
County seat ia Versailles.
Floating debt................... 11,500
Total delft....................... 92.500
Kinking fund................... 8.400
Net debt April 1, 1893 .... 84.100
6s, MAS, 15,000....... 8ept. ’95-6-7 Tax valuation 1893.... $8,500,000
Assessment is 69 p.e. actual value.
Woodford RR.
<5s, MAS, $45.000...Sept 5, 1919 state tax (per $1,000).........$1*25
{5s. AAO. 5,000...Oct. 6.1920 , County tax (per $1,000)....... 2-00
Population in 1890 was--- 12,380
subjeet to call after S ep t 5, ’97 i _
------------------- ------------------Bonded debt Apr. 1, ’93...$81,000 |Population in 1880 waa.... 11,800
INTEREST on Versailles AM. Ry. bonds is payable in New York; on
other bonds at Louisville Ky.
LOANS—
V e r s a il l e s
When Due.
M. R y .—
6s. MAS, $5,000
6s. JAD, 10,500........ Dee. ,93-’94
O W E N S B O R O . — J a m e s H . H i c k m a n . M n yor.
This Is the enmity seat of Daviess County. Paving bonds to the
amount of $200,000 have been voted.
LOkNS—
COUNTY.
Co u n t y Bl )NT>^
4
DUNTY B
State of Tennessee.
$10,000
R \ir a ia iiB i t* ns—
<
I Net debt Jan. 1. 1803..
83.300
4s MAN, $75,000 ..Nov. 1,1910 i Tax valuation 1893 ...... 5.0*4,000
1T8
Ht'Uiau. Bonds—
A-*resilient is 65 p.e. actual value.
8s. JAJ.
8.000 ...July
1. 1893 state tax (per $1,000).......... #4-25
DEBT, RESOURCES, Etc,
Rnudi-d debt Jail. 1,1893
$83,000 City tax (per $1,000)........... P75
Floating Join .............
10,500 I Pupulatlnn 1890 was.......... 9.831
Total deld.........
93.500
I Population 1880 was........... 6,231 Organized as a Territory (A ct May 21,1(93) - May, 28 1793
INTE R EST la payable at Owensboro.
p * n i T O A 14
|D. A. 1 RISER. Mayor.
r A U U U A n . — ) j . T. DONOVAN, 1rensurer.
This la the county seat of McCracken County.
LOANS—
P .T .A A .E .E .4s, AAO. $100.000......Oot. 1, 1920
1005 | i\.v M.U x a x o Road —
I U, JAJ, $2,400.. ---Jnlyl,1909
tiaa. JAD, *100,000 ..Dee. 1,1018 I Total debt Jan. 1, 189J. $3l MOO
( irr 41,i,i, —
|Tax valuation 18ji3— 62140,400
When Due. \
Chioc Oii TT A n. W. R.R.—
6-, PAA. $20,000
.Aug. l,
fcii. 8T. L A P B R -
Admitted as a State (A ct June 1, 1738)
- June 1, 1798
Total area of State (square miles)
. . .
42,059
State C a p it a l...................................................... Nashville
Governor (term expires Jan. 15, 1895)
- Peter Turney
Secretary of State (term exp. Feb. 12* 1895) - W m . S. Morgan
Treasurer (term expires Feb. 1*, 1895)
E. B. Craig
Legislature meets biennially in odd years on the first Mon
5a. PAA. #8,000..... Aug. 1.1002
Asseaaroei.t l» % octnftl vabic.
day in January and sessions are not limited. “ but no member
j( o A Onto K R —
C ity* SrliTlax tjair#1,000).$1-P50
«a. JAJ. $<nt,iwsi...... Jnly 1. 1900 population lu 1890 wna.... U.<97 shall be paid for more than 75 days o f a regular session.”
* i. JAJ, 43.000 ......July 1 ,1913 I Population In 18t*0 was.... 8,036
* Constitution says term of office shall he computer! from the 15th of
All nf the alaive bond- are subject to eall.
Janiinrv. but tlu-se officials being eleotc4l by the Legislature are usually
INTEREST on the Chicago »t- irons a Paducah 1M Is payable in allowed to servo a full term from tue date of their appointment.
Mew York City; ou ell other bonds in Paducah.
The debt on which the State is paying interest is as follows :
r A
a
K
tc
1 W. P . CHAM BER-®. M ayor.
I O . — M iK o . it. A L E X A N D E R . Treasurer.
This is the County seat of Bourbon Comity.
L O A N *—
KrvT!
4* r
When Due. I T o ta l debt Jan. 1. 1893. . .$75,000
Mlbt-atm RK.
! Tax valuation 1892...... #1,700,000
6s, P A A . *-al,ois>
.Aug. 1. 1918 | Assea-m eut is
actual value.
anbjr.-t to e e ,' a fte r 5 years.
State tax (per -$ l.oooj. ..........“
8 it»«u. Bo»ie>—
<
I City tax (per $1.000 .......... J .o
)
]
Be, M v - . $23.<»SI
Sept. 1. 1012 A v e r a g e school la x ............. - " J
luiioeet to eall a fte r in year*.
Popubitinn iu 1*90 t o ........ 4.-18
tiitereat u pa yab le In N ew Y ork. | Ibjpulatleu in 1880 w as........
LO A N S —
SAMS AND PURPOSE.
-— UiteerM.— , .---------- Principal.---------- .
P-C l. Payable.
WhenDue. OuMnmUny.
Funiilis bolide 1892......... 4
--1J07
$1,500,000
Ne.r settlement bonds (suh. . . . . .
...
jeet to call at 100)........... p
J & J July 1, 1913
Do
do
.... 5
J & J July 1, 1913
o00.200
Do
do
........... 3
J ,fe J July 1, 1913 13,543.800
Old bonds held by Stale in___ _ . ,
atitutlons........................ 5 & 6 . —
1893 to 1914
6/6,000
PAR VALUE OF BOiNDS.—The settlement bonds are $100 and
*
1, 000 .
ST/TO MID 0!TY SUffi£W£filT,
im
Vol. LV I,
INTEREST—W HERE PAY AB LE .—Interest on the new settlement
C it ie s , C o u n t ie s a n d T o w n s
bonds is payable In NashviUo.
IN THE
T O T A L DEBT, ETC.—The subjoined statement allows Tennessee's
total new settlement dobt, otc., at the date of our latest returns:
STATE OF TENNESSEE.
Total new settlement debt................................................ $15,008,900
Estimated amount of bonds yet to bo funded..................... 1,082,500
B L O U N T C O U N T Y .— A . M. R u l e , Treas.
Amount of old bonds held by State Institutions and receiv
County seat is Marysville.
ing interest (see below)..........-......................................
676,000
59,000
Floating debt (see below)............................. ....................
LOANSWhen Vue. Tax valuation, personal. $282,000
Total valuation 1891... 2,500,785
R a il ho A id B onds—
The bonds yet to be funded include $739,500 old bo (ids fundable
6s, J&J. $110,700........ ruly, 1S97 Assessment about % actual value.
into 3 per cents; $20,000 compromise bonds fundable into 3 per cents;
Stato tax (per $1,000).......... $3*00
Subject to call.
$250,000 bonds fundable into 5 per conts, and $73,000 fundable into fnt’st payable in Marysville, Teun. County tax (per $1,000)....... 3 00
Bonded debt Jan. 1, ’92.. $110,700 Railroad tax (per $1,000)___ 5*00
6 per eents.
The funding act of 1883 excepted from its terms certain bonds and Tax valuation 1892......2,509,94.0 Average school ta x ............... 3*50
Population in 1890 was......17,589
Tax valuation, real......2,218,785
certificates held by State Institutions, as well as those owned by Mrs.
lames K. Polk. These obligations bear 5 and 6 per cent interest,
C H A T T A N O O G A . —G. A n d r e w s , Mayor.
which is paid regularly.
Chattanooga is tho County seat of Hamilton County.
The State Comptroller, in his report for 1892, remarks that “ the
S e w e r B onds .
LOANS.—
When Dae.
State now owes $59,000 borrowed money, which was authorized
C in c in n a t i S o u t h e r n RR.
6s, MAS, $50,000....Sept. 1,1917
6s, M&S, $100,000...Sept, 1, 1900 6s, A&O, 125,000— Apr. 15,1909
by House Joint Resolutions, Acts of 1887-9, to pay interest on the
6s, A&O, $75,000 ..Apr, 15, 1911
F u n d in g B onds .
State debt, as against $459,797 two years ago and $700,797 in 1888.
St r e e t and S e w e r B onds .
6s, June, $81,000......June 1, 1911
ASSESSED V A L U A T IO N .—The following statement shows the
5e, A&O, $250,000 ..Apr. 15, 1920
5s, A&O, 250,000... Apr. 15,1921
character and valuation of all taxablo property in tho State, the
INTEREST on the funding 6s due in 1917is payable in Chattaaverage value of lands, and the State tax lovy for a series of years;
uooga; on all other bonds at tho Third National Bank, New York City.
T O T A L BONDED DEBT April 1, 1892, was $931,000; sinking
Total
Other
1 O 3 ® fund assets, $57,000; net debt, $874,000. In MarcU 1891, it was pro
C
'
Value.
Property.
Acres.
Town Lots.
posed to issue $100,000 improvement bonds.
Year.
$
$
$
$ ..
$"
$
9
1892.. 182.041.338 120,521,975 50,153,219 352,716,532 7 01 3'00
ASSESSED VALU A TIO N m 1891 of roal estate about $14,000,
1891.. 182.973.233 125,314,981 52,282,248 360,570,462 6-89 3 00 000; of personal property, $3,000,000; total, $17,000,000; tax rate
1890.. 172.340.180 120,530,633 54,637,292 347,508,105 6-54 3 00
1889-167,302,027
100,703,548 56,924,635 324,930,210 6-45 3-00 per $1,000), $27-00, this including State and County tax, $11-00; oity
1888-165,479,717
88,646,633 43,078,704 297,205,054 6-46 300 tax proper, $16-00. Real estate is assessed at “ about ki its actual
1887-143,506,975
67,700,523 28,282,583 239,550,081 5-61 3-00
1886-140,994,711
59,123,551 24,790,914 224,909,179 5-61 300 value.” In 1890 the total assessed valuation was $15,000,000 and in
1885-143.198,948
57,898,552 25,651,808 226,749,308 5-60 3-00 L887 it was $14,023,130.
1880-148,999,550
46,635,550 10,133,338 211,768,438 6-00 1-00
P O PU LA TIO N .—In 1890 was 29,100; in 1880, it was 12,892.
1875-183,228,365
57,578,261 37,213,908 278,020,534 6-74 4'00
1871-205,386,777
72,518,243
287,905,020 8-39 6'00
1867-155,245,178
59,039,406 11,108,826 225,393,410 6'72 4-50 C L A R K S V I L L E . — C. H. B a il e y . R-corder.
This is the county seat of Montgomery Couuty. In March 1881, it
P O P U L A T IO N O F S T A T E . — 'Though not one of the Original Thir was proposed to issue $100,000 improvement bonds.
teen States, Tennesseo is one of the oldest members of tho Federal
LOANS—
When Vue. 0s, A&O, 11,600......... July, 1918
Union; and possessing many natural advantages, such as varied min
Subject to call after July, 1893
R e fu n d in g B onds —
Se w e r a g e —
eral resources, extensive forosts of lumber, rich and abundant grasses, Gs, J&J, $31,000......... July, 1915
Gs, J&J. 28,000......... July, 191G 6s, A&O, $25,000.........July, 1805
and excellent farming land on which grain, cotton and other products
Gs, A&O, 24,000......... July, 1917
are raised—growth of population has been rapid, the addition during tho
INTEREST is payable at Clarksville.
last two decades alone (1S70-90) having been over half a million.
T O T A L BONDED DEBT January 1,1892, was $119,400; sinking
Tennessee was oeded to tho United States by the State of North Caro
fund assets, $7,800; net debt, $111,000.
lina, the act accepting the deed of cession having been approved April
ASSESSED VALU A TIO N in 1891 of real estate, $2,500,000; of
2,1790. This was followod May 26,1790, by a Congressional enact
personal property, $S00,000; total, $3,300,000; total tax rate (per
ment providing that the territory of the U nited States south of the River
$1,000), $22*00, ineludiug State tax, $4-00, county tax, $7*00, city tax
Ohio, should for the purposes of temporary government be one district,
$11*00. In 1890, real estate, $1,400,000; personal property, $600,
the government to be similar to that at the time exercised in the terri
000; total, $2,000,000; total tax rate (per $1,000), $22*50. Property
tory northwest of the Ohio. Six years after—on June 1,1796—admis
«s assessed at about ^ of its actual value.
sion into the Union as a State was granted. The Census of 1790
P O PU LA TIO N in 1890 was 7,924; in 1880 was 3,880.
showed a population of 35,691 and that of 1800 a population of 105,602. By 1810 the number -had been increased to 261,727 and by 1830
H A M I L T O N C O .- C . H. P eabody , Trustee.
to 681,904. In 1860 the aggregate was 1,109,801 and in 1870 1,258,County seat is Chattanooga.
520. In 1890 the total was over 1% million (1,767,518) at which figure
LOANS—
When Vue. Tax valuation 1892 ..$23,098,995
the State ranks No. 13 among the States and Territories of the Union.
B rid g e B onds Assessment is *3 actual value.
1890...........1,767,518 1860............1,109,801 1830........... 681,904 58. A&O, $200,000..... Oct. 1, 1909 Total tax (per $1,000) 1891 $11*00
1880........... 1,542,359 1850............1,002,717 1820........... 422,t71 Total debt (last returns) .$200,000 Population in 1890 was___ 53,482
Interest is payable in New York. Population in 1880 was___ 23,642
1870....... ...1,258,520 1840........... 829,210 1810........... 261,727
In 1860-70 increase was 148,719, or 13 40 per cent; in 1870-80,
H ^ R R Ii M A N . _ 5H * w * V EO YE Y, Mayor.
283,839, or 22-55 per cent; in 1880-90, 225,159, or 14'60 per cent.
ITL A XY TV
J.N _ ^ R. b . B AI HD, Treas.
The proportion of the colored population was 26T4 per cent in 1880
This city is in Roane County. The bonds described below were not
and 24-57 per cent in 1890.^ In number blacks were 245,881 in 1850; as yet sold when this statement was received.
283,019 in 1860; 322,331 *in 1870; 403,151 in 1880; 434,300 in 1890.
LOANS—
When Due. Total valuation 1892...$1,273,170
W a t e r , E le c tr ic L ig h t , E tc — State tax (per $1.000)..........$3 00
B A N K S - S T A T E , N A T IO N A L AND SAVINGS I N S T IT U T IO N S .
6s, J&D, $110,000_ June 1, 1923 County tax (per $1,000)...... 8*50
_
—
Tennessee has a numerous body of banks—both national and State—
Subject to call alter June 1, 1903 City tax (per $1,0(>0)............15*00
and the extensive business which these banks do, as reflected by the Total debt June 1, 1893..$110,000 Average school tax.............. 5*52
amount of oapital employed and the deposits held, indicates the indus Tax valuation, real..... . 875,550 Population in 1890 was.......... 716
trial importance which the State has assumed. There were on Dec. 9, Tax valuation, personal.. 397,620
I N T c R E S T is payable at New York and at Harriman.
1892, 55 national banks with i 0 M million dollars capital, and 15
million deposits, against only 32 banks with 5 millions capital and
H A Y W O O D C O .— J. H. R ead , Trustee.
$ millions deposits in December 1885. As regards tho State banks
Coimty seat is Brownsville. .
there are no data from the State authorities, and the only source of
^ actual value.
LOANS—
Amount.
information available is tho U. S. Comptroller of the Currency’s annual Railroad bonds................$80,000 Assessment is $1,000)........ $3 00
>tate tax (per
volume. From this it appears that there were June 30,1892, no less Total debt Jan. 1, 1893..
8 .0 0 County tax per $1,000)...... 4*50
00
3*00
than 63 hanks, with about 4 million dollars capital and about 6 mil Tax valuation, real....... 2,263,529 Average school tax............
Tax valuation, personal. 221,212 Population in 1890 was...... 23,558
lion dollars deposits.
Total valuation 1892___ 2,484,741 Population in 1880 was.___26,053
-1892.-----------, ,---------- 1885.---------- .
National.
State.
N ational.
State.
T ennessee .
(Dec. 9, ’ 92.) (June 30,’92.) (Dec. 24.)
J A OK. S O N . — Th's city is in Madison County.
Number of banks___
55
63
32
LOANS—
When Vue. Net debt Jan. 1 ,1S93.-.- $302,514
Capital.................... $10,187,720 $4,017,967 $5,007,500
I m pr o v e m e n t B onds —
Tax valuation 1892....... 2,846,000
Surplus and profits.. 3,576,274
971,959 1.720,445
58, A&O, $60,000....April 1. 1920 Actual valuation about..8,000,000
Deposits, individual. 15,011,959 6,105,364 8,173,741
Bondeddcbt Jan. 1,1893. $355,000 Total tax (per $1.000)....... $16*00
The Comptroller also reports 10 savings banks in the State June 30 Sinking fund.................. 52,486 Population in 1890 was...............
1892, with $678,450 capital, $260,719 surplus and undivided profits,
INTE R E S T on the above-mentioned bonds is payable at tho Han
$1,292,913 savings deposits and $917,240 commercial deposits. The over National Bank, New York City.
total of banking oapital of all kinds is thus about 15 million dollars and
MATSON, Mayor.
the total of deposits nearly 23k! million dollars.
J O H N S O N C I T Y . - $T. E. GUMP, Treasurer.
( M. J.
This city is located in Washington County.
LOANS—
When Dae. Sinking fund.................
$3,560
Ch a r d . Cin . & Ch ic . R E .—
Netdebt Jan. 1, 1893.... 126,440
6a, M&N, $75,000--- May 1,1910 Tax valuation 1892....... 1,900,000
School an d St r e e t Bonds —
Assessment is 5actual value,
6a, F&A, $50,000......Fel). 1, 1911 State & Co. tax (per $1,000)..$9-00
Bonded debt Jan. 1,1893.$125,000 City tax per ($1,000 ............15-00
)
Floating debt.................
5,000 Population iu 1890 was....... 4,161
Total debt...................... 130,000 Population in 1880 was....... 685
PAR V A L U E OF BONDS.—Tho school and street bonds are $500
each.
I N T E R E S T is payable in New York—on school and street bonds by
the Hanover National Bank; on others by the Nat’l Bank of Deposit.
April, 1893.
T t m t m m L -m r m yimu towns.
1© I
K N O X
C O U N T Y . — E . C . S k a g g s , Trustee.
County (sent S Knoxville.
a
LO ANS”
When Due. [ T ax valuation, pei*aoHT.$2,S91,997
»t
dnutiim 1891...23,286,631
.»**,....... , <R*73.000.. . . --------------- ] State- tax (per $1,000)........... $3*00
M A S H V l l T T71
I GEO B, GUILD, Mayor.
U S t r Y o n . V I —*t-.-t—.
1 j *p BE LL, City Recorder.
Nashville is the capital ol the State ana the county seat of Davidson
County,
LO A N S —
TWien Due.
R efu nd ing B onds —( Continued)
a?"),(XK); | mity tax (per $1,000)...... 8*00
B ridg e B onds—
6s, J&J, $85,000................1905
Tax valuation 1892___*2*2,807,182 Average school ta x ............... 3*00 5*28, A&O, $200,000...Oct. 1,1905 5s, J&J, 80,000...............1906
Tax valuation, real...... ..
O iu 1890 was......59,557
H
H a y M a r k e t B onds—
5s, J&J, 25,0 0 0 ....July 1,1908
5 s ,....... $30,000 .........
1922 41aS, J&J, 168,000 ... .July 1.1907
I m proves ! ent B onds 1892—
4s, J&J, 25,000................. 1918
r - a t i— x " \ / i , | p
x
( M- E. THOMPSON, Mayor.
4J2 «, J&J, $160,000...July 1 , 1922
Se w e r B onds—
iV x N V J J V V I L L . £2.— j g. B . KEN N ED Y, Comptroller.
*O ld C it y B onds—
5s........... $100,000....... ............
Series of 1877,1S79 and 1881, etc. 4ies, A&O, 400,000..April 1 ,1923
K n oxville t» the county seat of Knox Couuty.
6s, J&J, $53,100.................... 1893 4s, semi-an. 75,000_ . . . ___ 1930
_
LO AN S—
W ien Due, 1 K. 3. R a il r o a d B onds —
6s, J&J,
52,700......
1894
W a te r B onds—
Fust,INU Box D —
O
|5 s.----- , $275,000.................. 1911 6s, J&J,
76,100.................. IS95 6s, J&J, $ 12 5 ,0 0 0 ...................
7
# * - --- , $30,«0O.....................1906 * Bond. debt Jun. *23,*93.$1 ,0,to,100 6s, J&J,
S2.800.................. 1896 6s, M&N, 25,000................. 1901
ite,--- , 9-5.100...................... 1915 i Tax valuation, real
10,318,336 6s, J&J,
90,200.................. 1897 6s, MAST, 450,000...... May, 1907
As,----, 95.000...................... 1917 ! Tax valuation, personT 2,099,527 6s. J&J,
68,500.................. 1898
($50,000 due yearly) to May 1915
* * » ----, *54,000.................. ..1020 Total valuation 189*2... 12,417,863 6s, J&J,
71.300.................. 1899 5s, ....... $150,000.......................
Total tax (per $1,000)....... $12*50 Os, J&J,
75,000.................. 1900 413s, J&J, '300,000............... 1918
5«, A&O, $300,000......Oct. 1,1921 \Population in 1890 was...... 22,535 6s, J&J,
75,200.................. 1901 413s........' 100,000.....
1922
- IN T E R E S T is payable in gold in New York City.
R e f u n d in g B o n d s —
4s, J&J, 300,000............. 1919
6s, J&J, $S6,000.................1903 4s, J&J, 200,000................1930
Ttoe city owiw $100,000 K n oxville & Ohio, and $275,000 K n oxville
"Includes $125,000 water bonds included also under their own head.
Southern stock, its total property including this stock at par value
IN T E R E S T is payable in New York and Nashville—in N e w Y o rk by
being $6S2,**m <
l i li.irtor limits its debt-to 10 per cent of the
the Chemical National Bank. A ll coupons are ta x receivable.
immmml valuation.
T O T A L DEBT, S IN K IN G FUNDS, ETC.—The city's total debt on
1892
a water debt o $1,400,000.
L A U D E R D A L E C O .—R, F. Oaines, Trustee. MayA 1 E R WwasK$2,773,900, includingwater works, on fwhich it lias
W T
O R S .—The city owns its
Comity seat is .Klpiey.
expended over $1,500,000; the gross earnings, without any charge for
LO ANSKV«e« Due. [ Total debt Apr. 1, 1892.. $115,593
Ku.Uiii,M> Atii R o m h j Sinking fund.................
9,633 hydrant rental, for the year ending* Oct. 1, 1891 were $124,119, and
6*§, Apr. f t 15,593.... .Apr. 1, 1893 i T ax valuation 1892..____ 1,793,61.6 the net earnings over $70,000. By act o f Legislature the net revenue
i Equal Install, y r j to A pr, 1,1902 j A^Hessnietit about % actual value.
derived from sales of water must be applied to the payment of interest
Any iu^iiiiliueut mibjnet to call State and county tax (per
on 30 day# notice. Ail subject to j $1,000} 1891.,.*............... $18*50 on the water bonds.
D E BT L IM IT A T IO N .—The city’s charter forbids loans to railroads
call on 0 months notice.
: Population in 1890 was...... 18,756
! Population in 1880 was..
11.918 new bonds can be issued only with permission of the Legislature.
ASSESSED V A L U A T IO N .—The city’ s assessed valuation and tax
rate have been as follows r
M E M P H I S — {? ;£
-Assessed Valuation.------ --------- >
Total
Meal.
Total.
Personal.
Tax Raised«
.
Memphis is the County m&t o f Shelby County and a trade centre of Tears.
$9,720,900
$40,007,800
$596,291
180*2... ... $30,588*900
mportautee* being the chief o f the interior cotton markets. A yellow
9,591,700
37,918;950
565,289
i s s n ... ... *28.327,250
fever epidemic in 1879 rendered the city unable to meet its obligations
33,565,725
9,486,325
500,010*
1890....... 24,079,400
30,233,245
9,404,495
450.298
aoid In 1879 the city’ s charter was repealed and the Taxing District of 1889... ... 20,828,756
28,628,456
426,537*
8,391,750
1888 ... ... 20,236,700
Shelby County was organized for the purpose o f securing a compromise
15,249,575
1881 ...
with 'the bondholder# on such terms as the city felt able to make. The
P O P U L A T IO N in 1890 was 76,168; in 1880 was 43,350j In 187ft*
courts, however, held that the T axin g District was liable for the entire
was 25,865.
debt of the city, and a compromise at 50 per cent was tbeu arranged
tat under the act o f March 1883. This act was amended in 1885. The
old debt ha# been all retired and intere
promptly made. N O R T H K N O X V I L L E — { EOBT^lRWra^Treas.
This town is in Knox County and adjoins the City of Knoxville.
In 1801, toy an act o f the legislature, this district was again incorpor
LOANS—
When Due. T ax valuation, re a l.....$1,500,000
ated «a a city.
T ax valuation, personal
8,000
IM P R O V K M E N T B O N D S—
LO AN S—
When Due. j 6s, J&J, $986,690 . . ...........1915 5s, Ma s , $100,000. , , . . . Sept., 1919 Total valuation 1892... 1,508,000
T axjko D is t r ic t of Su b m it Co , 1 Stam ped * F l i p pins —
Total debt Jun. 1, 1393.. $100,000 Assessm’t is about % actual vaiuev
U >\m o r 1998 ksu 1995™
: 6s, J&J, $746,000............. 1907 Staking funds...........
3,000 Town ta x (per $1,000).... ..$13*00
ejm J&J, f 1.400,10 0 . .. . .. .. .. . 1013 |
.
Net debt Jan. 1,1893....
97,000 Population in 1890 w a s ......2,297
fiihjeet to call at any time.
IN T E R E S T is payable at tlie Chemical National Bank, N ew York.
P A R V A L U E O F B O N D S ,—The &* due 1913 are $100, $500 and
T A X FREE .—The bonds of this town are exempt from taxation*
$1,000. Th# do due 1915 and the stamped Flipping are $1,000 each.
IN T E R E S T —In te r**! U payable in New York and Memphis. 'The
S H E L B Y C O U N T Y — J. J.W i l l i a m s , Trustee.
WUppiB bonds carry tax-reeel vablc coupons.
County seat is Memphis.
FREED O M FROM T A X A T IO N . - A i! the bonds are free from local
LO A N S —
When. Due. T ax valuation 1892.. .$53,139,017
taxation.
T ax valuation 1891 - - - 00,274,835
R a ilr o ad B onds—
T O T A L DEBT, ETC, -The city’ s total debt on the first of January, ........... $27*2,800............................ Population in 1890 was. ..112,740
Total debt (last returns), .$272,800 Population In 1880 was... 78,430
1893,
192.100*
An unfits*! ta x o f $19io per $1,000 is levied for the retirement o f
S U M N E R C O U N T Y — IT. E. L ove, Trustee.
tb*' Omni*. For I.893-1H this tax will yield about $30,000. A tax
County seat is Gallatin.
■*«fBident to m eet the interest on bond# is also required toy law.
LOANS—
When Due. I Tax valuation 1890— ,$4,122,093
The funding act o f 1893 provides that every part thereof shall be
Cues & O, RR. A id B onds —
|State and eo. tax (p.$l,000).$15*00*
e<m«ider*d a©outrant Iw.twcen the State, the T axin g District and the IU J&J $■’ :{.*),000
......1893 I Population in 1800 was.— 23,668
Tax valuation 1892....$4,197,954 |Population in 1880 was.....23,625
bondholders, and no part material to the rights o f the bondholders
IN T E R E S T is payable by county trustee.
«haJl to# iBodiSed while the bonds remain outstanding.
ASSESSED V A L U A T IO N .—The assessed valuation and tax rate
T I P T O N C O U N T Y . -J. W. Ia n n . Trustee.
have been as follo w s:
Mate o f tax
Ptrgwiul
lot. Anstim-d
Comity seat is Covington.
Valuation.
Yturn.
per $1,000.
Uenl F,*iatr.
Properly.
$3,600
LO A N S —
When Due. |Sinking fund...............$17-50
1893 . . . . . . 930,010*210
$39,637,950
I T ax valuation 1892.... 2,654,005
$&,B‘ 7,7'iO
2
R a ilr o a d A id B onds—
17-50
i 0,653,303
1892 ......... 34,096 585
i 1.749,888
g
.T ov* yjuxj
ii
..8,....... . $130,000--...-------------- j Population in 1890 was-----24,271
42,310,985
17*50
9.626,105
189! ....
Potiii debt (Lastreturns). .$130,000 |Population in 1880 was. . ..-21,033
13,183,930
25*30
1®00 . . . . . .
10,452,080
6,450,000
23*50
t m s ......... ‘,'flv1 I 0*7A
29,313,275
21.783,190
F N I O N C I T Y . - " <j8, W ADDELL, Mayor, Treas.
1870 . . . . . .
'< . FULTON HOW ARD,
T h » tax rate in 18J10 ttiitotnden State auid county tax $7'■SO: Taxing
rids city is in Obion County.
m
$6,000
tax, $ri7*fi0 On tw o new wards t ii S tax la only $12•40),
LO A N S —
When Due. Cash on hum!............ .
Not debt Mar. 1.1893...
59,000
3olMT H ouse an d J a il —
Tto# fmrwi-fmt pn>j>c?rt.y In 1890 im in d m mamtfaotaring cap!tab
, J&J. $6.000.......... Jail. 1,1908 T ax valuation, real....... 824,750
Tax valuation, personal. .426,765
P O P U L A T IO N in 1 «'«» wm 0*1,195; i.n 1880 it was 33,592: in
Subject to i all at any time.
Total valuation 1892----1,251,515
1870 it w »* 40,226.
Water and E lectric L ig ht —
Assessment is 7p> actual value.
, MAS. $9,000......Sept. 1,1921
..$3*00*
hiiiect to call after Kept. 1.1901 State tax (per $1,000)...
. 4*00
M O N T G O M E R Y C O U N T Y — C. W . T y l e r ,
, M&8. $20,000......Sept. 1,1921 County tax (per $1,000).
.11*50
object to call after Sept. 1, 1911 City tax (per $1,000) —
Financial Agent.
. 6*80
, M&S, $30,000......Sept. 1, 1921 Average school tax.......
,3,441
Population in 1890 was.
to rest is payable in New York,
tkm&ty seat to Clarksville.
t
.1,879
till debt Mar. 1,1893....$65,000 Population in 1880 was.
LOANS
Whrn Dae. T t \ valuation 1892___$6,629,800
IUH- r o Vd IJ..SI..
A -..—.inent about =3 actual.value.
"AX FREE.* A ll of the above bonds are exempt from taxation.
per $ 1 .000) ■■Total debt (la.t rvoorti!
$71,000 Population in 1800 was...... *20,097
51. W. GOE, Mayor.
W E S T K N O X V I L L E — >W.W. MORRISON, Treas.
INTEREST b rnruM MC
»
e
larkavllle.
This town is in Knox County.
LO A N S —
TT7ie« Due. Total debt Jan. 1,1893. $150,000
T ax valuation 1892---- 1,599,238
M O R R I S T O W N — G k o . S. G r o u c h , Treats.
B ridges and Beaver—
6 s, J&D, $75,000.................. 1919 Assessment about % actual value.
Morristown is in ILunbit r Comir.. At mi election last yea r it was 5s. J&X), 75,000......... Tune, 1922 Total tax (per $1,000)......$23*00
voted to ■ -v ■ 5 , 10 Dm mmhi 11nt o f $7.0,000 in aid o f tins Morristown
Interest is payable in New York. Population in 1890 Avas------2,114
4) Cumberland Unp Railroad,
LOANS—
W hen D u e .
yTKVei . ’in
..
in., I & .1, #33.006 ...July 1.1921
T o t n ! debt, idy l , 1892 . . $37,000
AlnkiOK fond* . __ ___
*2,000
Net, debt July i, 1892 .. 33,000
IN TER EST is payable * the Ha
r
T-aa vuMmtion 199*2......$800,000
\w >«uient about 70 per centao-
tuitl value.
Total U s M"*r $1,000).......$13*00
Population 1990 was....... *- 1,999
Popiiintiiif* 1880 Avas.......... 1,350
,m ,'sN f(,tiik. New York C
v
at.
ity,
W I L S O N C O — Ii. LI.
W h a r t o n , Trustee.
County scat is Lebanon.
raluation 1892...-.$4,835,955
LOANS.
W hm Due. Tax A
Tax valuation 1891.... 4,790,440
R a iu io a d A id B onds—
Population in 1890 waa...-.27,148
—, ------, $101,600-..-..
----- ,
Total debt (last returns). .$101,660 Population in 1880 was— 28,747
STATE /WD CITY M f f l t m W .
162
State of North Carolina.
ITS
DEBT, RESOURCES, E to.
Admitted as a State
. . .
One of Original Thirteen
Total area of State (square miles)
.
.
.
.
53.250
State Capital
.
.
.
.
.
.
.
Raleigh
Governor (term expires Jan. 1. 1 9 )
87 Elias C irr
Secretary of State (term exp. Jan. 1,1897) Ostaviu3 Coke
Treasurer (term expires Jan. 1, 1895)
- S. MeD. Tate
. Legislature meets biennially in odd
day after the first Monday in January,
length of sessions, bat if sessions are
60 days members ‘ ‘shall serve without
years on the Wednes
and there is no lim it to
continued longer than
compensation.”
S T A T E DEBT. —The old debt, excepting such as is not recognized,
baa mostly been funded under the funding laws of 1879, which provided
for the Issue of (1) consolidated-1 per cent bonds due in 1910 to fund
Old ante-war bonds at 40 percent of face value, “ Now” railroad bonds
reoognized as valid at 25 per cent, and bonds of 1806 and 1868 at 15
percent, nothing being given for overdue coupons; and (2) for new
consolidated 6 per cent bonds due iu 1919, for which the North Carolina
RR. construction bonds were made exchangeable at par, holders of con
struction bonds abating $240 of overdue interest on each $1,000 bond.
The new bonds, both 4s and 6s, carry tax-receivable coupons, and are
exempt from “ ail State, county or corporate taxation or assessment,
direct or indirect, general or special.”
An amendment to the State Constitution passed by the Legislature
in 1879 and ratified by popular vote in 1880, forbids the General
Assembly to pay or recognize as valid the following bonds: Special tax
bonds $11,366,000; bonds to Chath m RR., 1868, $1,030,000, and to
W iilia m s to n T a rb o ro RR., $150,000; Penitentiary bonds of 1868
$44,000. The speoial tax bonds are iu 3 classes, class 1 bearing the
coupon of April 1869 and since; class 2 hearing the coupon of Oct.
1869; class 3 bearing the coupon of April, 1870 Holders ol' the special
tax bonds brought suit to establish the validity of their bonds and
the case has now been decided in favor of the p*tate.
The-recognized debt which has been actuated up to the present time
stands as follows:
LO AN S/ Interest.— s ,--------- P rin cip a l. -------—
NAME AND PURPOSE—
P. C t . Payable.
When Due. O n tx tu n d 'y
Renewal bonds................... c* 6
A & O Apr. 1,1919 $2,720,000
do
do ....... ...c* 4
J & J July 1. 1910 3,298,950
PAR VALU E OF B O N D S —The consolidated 4s are $30, $100,
$500 and $1,000; the consolidated 6s $1,000 each.
INTE R EST < n the consolidated 4s and 6s is payable in New York
>
a t the National Bank of the Republic and in Raleigh.
T O T A L DEBT RECOGNIZED AND T O T A L ADJUSTED
NOVEMBER 30, 1892.—The funding act of March 4, 1879, was ex
tended to July 1,1892, and the Governor now recoin mends its further
extension one year. The recognized fundable debt which had been
funded and the recognized fundable debt which had not been funded
were as follows;
Funded.
Not funded.
Vol. LVI,
1890.......... 1,617,947 I 1860............. 992.622 I 1830............. 737,987
1880.......... 1,399,750 1850............. 869,039 1820............. 638,829
1870.......... 1,071,361 I 1840............ 753,419 |1810............. 555.500
In 1860-70 increase was 78,739, or 7*93 per cent; in 1870-80, 328,389, or 30-65 per cent; in 1880-90, 218,197, or 15*59 per cent.
The proportion of the colored population was 37-95 per cent in 1880,
and 35-05 percent in 1890. In number blacks were 316,011 in 1850;
361,522 in 1860; 391,650 in 1870; 531,277 iu 1880, and 567,170 in
1890.
BANKS—STATE , N A TIO N A L AND SAVINGS IN S TITU TIO N S.
—Besides 23 national banks, with 26g millions capital and 44i
millions deposits, there were, according to the statistics compiled by
the U. 8. Comptroller of the Currency, 32 State banks in North Carolina
July 12,1892, with 2^ million dollars oapital and 33* million dollars
deposits.
<
-----;----- 1892.----------- .
,----------- 1885.----------- v
National.
State.
National.
State.
No. C a r o l in a . (Dec. 9,’92.) (Ju ly 12,’92.)
(Dec. 24.)
23
32
16
....
No. of banks......
Capital............. $2,626,000
$2,122,500
$2,276,000 .............. .
Surplus & profits 1,202.236
517,397
809,733 ................
Depos., individ’l. 4,235,353
3,792,162
3.546,373 ................
Total capital of the two classes of institutions combined at latest
dates was 43* million dollars and deposits about 8 million dollars.
The Comptroller also had returns from 4 savings hanks, with $40,000
capital, $11,723 surplus and undivided profits, $282,425 savings de
posits and $13,566 commercial deposits July 12, 1892.
C it ie s , C o u n t ie s
and
T
owns
IN THE
STATE OE NORTH CAROLINA.
A S H E V I L L E . —C. D.
Blanto n,
Mayor.
Asheville Is the county seat of Buncombe County.
LOANS—
When Due. 5s, J&J, $160,000......July 1,1911
C i t y H ali, a n d M auket H o ii - e—
5s, J&J. $20,000........ Oct. 1, 1921
W ater B ond —
6s, J&J. $20,000....... Jan. 1, 1903
6s, J&J, $100,000..... July l, 1917
6s, J&.l. $100,000......July 1,1919 Int. pa> able at Asheville anil N. Y.
5s, J&J, $100,000......July 1, 1911 Bonded debt Apr. 1892.. .$585,000
Str e e t B onds—
Population iu 1890 was..... 10,235
6s, J&J, $20,000...... Jan. 1,1903 Population iu 1880 was..... 2,616
TA X FREE.—AH bonds issued by this city are exempt from city tar.
DEBT L IM IT A T IO N .—Asheville can Issue bonds only by vote of the
people.
ASSESSED V A LU A TIO N of real estate for 1891 is $3,309,490; of
personal property, $1,874,720; total, $5,281,200; total tax (per
$1,000), $20‘00. Beal estate is assessed at “ about 60 peroen tof it*
actual value." The assessed valuation of real and personal property
In 1889 was $1,500,000. City tax rate was $9‘00 per $1,000.
Se w e k B ond *—
B U N C O M B E C O U N T Y .-
County seat Is Asheville.
Bonded debt (last ret'ns) .$100,000 I Tax valuation 1891
$9,906,443
Bonded debt 1880..........
97,000 |Population lu 1890........... 35,260
C H A R L O T T E .—
F eed. N
ash
,
Treasurer.
Charlotte is the county seat of Mecklenburg County.
LOANS—
When Due. 5s, J&J. $75.000....... July 1, 1920
F u nding B onds —
Total debt Mar. 1, 1892.. $175,000
5s, J&J, $10,000....... July 1,1920 Tax valuation 1 9 ..... 5,3oo.o00
81
s t r e e t an d S k iv e r B onds —
Total tax (per $1.000)...
$20-27
5s. J&J, $50,000.......Jan. 1, 1918 Population in 1890 w as___11,557
INTE R EST is payable in New York or Charlotte and coupons are
receivable for city taxes.
DEBT LIM ITA TIO N .—The city's obarter limits Its bonded debt to
$500,000.
ConRols 6 per cent....... ..............................$2,720,000
$36,000
Consols 4 per cent..................................... 3.291,600
1,221,500
To the foregoing we should add the further fact stated by Governor
Fowle in Ills message to the General Assembly under date of January 8,
1891, that the State does not actually have to pay the interest on the
six per cent bonds for the reason that the lease of the North Carolina
Railroad provides a fund for the payment of the interest thereon, and
the State holds three millions in the stock of the road, which if sold C H E R O K E E C O .—H. "W. R o g e r s , Treas.
County seat is Murphy.
will much more than pay the principal. Practically, therefore, the debt
LOANS—
When Due. Tax valuation 1891...... $1,619,534
of the State amounts to only $3,291,600.
6s, Apr. 1. $30,000....Apr. 1, 1021 Actual value (est.)....... 3,000,000
ASSESSED V A L U A TIO N .—Tlie State’s assessed valuation (about 60 Bonded debt Mar. 1, 1»93.$30,000 Population in 1890 was....... 9,976
Floating debt................... 20,000 Population in 1880 was....... 8,182
per cent of cash value) and tax rate have beeu as follow s;
Total debt Mar. 1,1893.... 50.000
Tax
Railroads.
Tears. Peal Estate.
Personal.
Total.
Rale.
The act authorizing this new issue of bonds provides for the establish
$87,370,243 $19,726,760 $262,176,651
1891..
.$155,079,648
1890..
. 141,817,026
74.94(>,718 1*,438,298 235,202,042 2*50 ment of a sinking fund and special tax levy for the payment of the
1889..
. 138,724,544
73,972.743
13,674,106 226,371,393
2*50 bonds at maturity, and also requires that the interest coupons be re
1888..
. 136,872,249
75,085,926
11,715,327 223,673,502 2 00 ceivable for county taxes.
1887..
. 140,545,396
71,398,875
211,944.271 2 00
1886..
. 126.883,382
75,561,351
202,444,733 2*50
1885..
. 126,955,679
82',613,417
209,569.096 2-50 C L E V E L A N D C O .—J. S. W b a y , Treasurer.
77,087,346
201,222,723 2-50
1883..
. 124,135,377
County seat is Shelby.
71.389,341
2-50
180.377,525
1882..
. 108,988,181
LO AN S—
When Due. Tax valuat’n, personal.$1,114,809
1881..
. 104,742,911
62,993,728
167,738,639 2*80
R a il r o a d A id —
valuation 1891___3,266.947
P O P U LA T IO N OF S T A T E —When the Federal Union was formed 8s. J&J. .$81,000................... 1915 Total tax (p.-r $1,000)...,___$8'33
State
North Carolina was outranked in population by only two other States, I ntere^t payable in Shelby. N. C. County tax (per $ 1,0 0
0 )....... 2*66
namely Virginia and Pennsylvania. The first Census—that of 1790— Total debt (‘last returns). .$81,000 A v. rage school tax.............. I *50
showed an aggregate of almost four hundred thousand persons within Tax valuation, real....... 2,152,138 Population in 1890 was..... 20,394
the State. New York forged ahead of it at the very next Census, but
even iu 1820 the State still held fourth position. By 1830 Ohio had also
pushed ahead. After that, with the wonderful growth of the Western
and Northern States, North Carolina was rapidly outstripped in the race,
©specially as the additions to its population during these early years
were relatively small. In recent decades the increase lias been
more decided. With an aggregate of 393,751 in 1790 and 478,103 iu
1800, it was not till the Census of 1870 that the million point was
reached and passed, the total then being given as 1,071,361. By 1890.
however, numbers had risen to 1,617,917. The circumstance of chief
significance is that while during the whole of the eighty years from
1790 to 1870 the addition was hut 677,610, in the twenty years from
1870 to 1890 tho addition was as much as 546,586. The State now
ranks No. 16.
C R A V E N C O U N T Y . —T hos.
County seat is New Berne.
LOANS—
F unding Bonds —
When D >e.
6s. J&J. $60,000 .................1910
Subject to call on 6 months’ notice.
Interest is payable, in Mew Berne.
Bonded debt June 1, 1892..$6O,O()0
Floating debt.................. 16,000
T A X FREE.—All bonds issued
county tax.
D a n ie l s ,
Treas.
Topi] debt..................... $76,000
8i> king fund................
5.000
.Vet debt June 1, 1892....
71.000
Tax valuation 1891....... 3,043.336
Assessment is nearly actual value.
t otal tax (per $ 1,000 ....... $ 12*66
)
Population iu 1890 was......20.533
by this county are exempt from
C O M B E R L A N D G O .—
County seat Is Fayetteville.
Bonded debt (last ret’ ns).$106,000 I Tax valuation 1891___$3,077,403
Bonded debt 1880........... 100,000 |Population in 1890 was...... 27,326
April, 1893,
NOirn} C/^OUT'J^—OlTiES AND TOW^IS
D U R H A M . — M , A . A n g ie r , M a jo r .
Tilts Is the etmnty seat o f Durham County.
LO AN SITAeii Dae. Floating debt (last returns).?! s.nos
R i u k >u > Bonds —
.
Total debt...................... 108,903
fls, JJcJ. *100.000 ...Jan . 2 ,1 0*? sinking fund...................
4,045
Subject to imli.
Itet debt Oust returns)... 1G4.478
fls. JsJy, fUMMNNi........ Inly 1,1918 Tax valuation 1801....... 4,229,454
Subject to call.
Assessment abt. ^ o f actual value.
Interest payable in Durham.
Total tax (jier s 1,0OO)___ $18-40
js
Bunded debt, Aug. 1,1891 ,#130,000 Population iu 1890 was....... 5,485
D U R H A M C O U N T Y . —J. YT,
P o p e , Treas.
County seat la Durham.
LO AN =
5
lr/w.n Due. I Bonded debt Feb. 1 , ‘93.. <¥79,000
Co u r t H o rs y —
j Tax valuation 1892........ (1,9.6,287
I t , JJkJ. *13,000...... Ang. 1, 2007 I M ate linden, tax (per$l ,000).$*-20
R u u p n i, All.—
I Special school tax (ine.)
3-50
te. A*<J. 800,000......Oct. 1, •
- "
pulutfou in 1890 was____18,041
Bonds may be called in an l paid a t any time,
IN T E R E S T on the court house bauds is payable In Durham; on the
railroad aid bombs in Baltimore, MiL
F A Y E T T E V I L L E .—
Fayetteville Is the county seat o f Cumberland County.
LO AN S—
When Due ) Bonded debt Jan. 1,1893. $bfi.0f>0
C m Bosne—
I t ax valuation 18xti...... 1.199.H22
ItHHi
7 s, FA-A. $1-•>.•**>..................1*93 I City tax (p er$1.0*10}....
f . , JvD .
-S
-----’ **90 Poonlatloo in 1890 was.........4.222
A ll coupon* are tax-reeeivable. f Population tu 1880 was........3 ,t»5
G R E E N b B O R O . — r. R . M e n d e l h a l l , M a y o r .
Thi* t# \he oouaty seat o f Qultfont County.
_. ____
When Due, \ Vjiluat *»n. personal.-..$ 1 .ooo.or(>
Total valuation IH ttl... 2.50* MHM»
R 5^»v*s*8?rr Mossm, 1887—
6#, JAJ, $100*000....Jau. 1, 1017 j Total valuation 1800... 1.417,030
Valuation M about % real value.
0-. u a * I nIO.OO*! ...Jan, 1, 10*22 8tahf4tOn tax |**r $1,000. ..$6*00
Intrrm-»t juyni tu Gr**?a-*bor»*.
City tfe *c!i«ml ra< p. $1,000.$ 13*33
Total debt Jan- t, 1800. $130,000 | Pupuiaduii lu 1800 w a s ......3,310
Valuation, r e a l..,,.......$1,500,000 j
H E N D E R S O N
C O . — r « a » t r seat to Hpadenwiovllle.
ItofW titoi*t itaat’rHtirB«>#lOO> fTsi* valuation 1891 ...,|2,Of»3,3JI8
t*M
0OO
Buiuled debt 1880.......... 105,000 \P«>pulaliuu lu 1HU0 wa* ..... 12;58b
M E C K L E N B U R G
C O U N T Y . — J.
H.
M c-
C lA S T O C R . T r v A s u r e r .
County m t to Charlotte.
LO AN S—
When Due. 1 A**w*»«rnent is sbt. actual value.
R s (i tiosn Alt*—
i statu »tul U».taxtiu*1.0UU> $*'7(i
fl», MAX. |M*«i,o*>0..,Xov. 1.1920 | -obool tax tour
...
*.*.«»
T ax vaiaatlon 1*91.
so.tiofl.OiK) ! pU|Mil.>tlutt lb lu'Mt w a *___42.873
IN T E R E S F I* payable iu Charlotte, S . t'., and at the American E x
change Jfetiunal Bank, X ew York.
M IT C H E L L C O U N
County seat i* Bakerevilie.
LO AN S—
When, Due.
•a. JAJ. e 15.000............. .......1905
In ten at pxvuldc in Baker*vilie
Bondedsiebt (lust ivturu>.'.?l5,fXNi
Flouting debt....... ............
5,220
Total debt ii.% t rrtnriiK). . 20,228
.
Tax Valuation 1891...... 1,151,350
T Y . — R , M . D a v is , T rea s.
|Tax valuation (re a l)..----<650.000
Tux valuation. pcpmnal.. Skm.tMXi
j Total valuation l89<t....... 950.000
i Aa»r*»u)entabout Ri aetnal value
! of real and % o l personal protN-rty
: State unit Co. ta*per<M >00.$l 1"10
I Population lu 1890 was...... 12,807
R 4 I r r - i r . W _ CTHOM AS BAD O FE, Mayor.
_
n m - c .iu n ,
j JCWEPH G, BROW S, Tree*.
Balelgb l* tlu: county neat o f Wake County,
Putu.ic I wp . B onds—
LO AN S—
When Due.
5*. J*J. <75,000....... July 1,1929
C o x .-o .iin n t!) Dr.nr Bonds —
8TKKRT BtJXIl*—
6*. J * J . et.i.o*»»____ July 1,1919
5*, JA J, $25,000....... July 1, 191
FlStMtD Itairr—
fla, JAJ, $81,150........July,
1897
to July,
1907
IN T E R E S T on the funded debt b en d *!« payable In Raleigh; all othe
intercut payable in Baltimore. Conpoue arc all tax-receivable.
T O T A L D E B T , E t c .—T he total bonded debt on Feb. 1, 1893, woe
*224 .150; .Inking fund assets, $ I l.IKK,; not debt, $209,184. The
floating debt at the above date wa* <734.
T A X FR E E ,—The bond* o f this city are all exempt from city taxa
tion.
ASSESSED V A L U A T IO N In 1999 o f real estate w a . $3,102,236;
o f petannal property. *1,769,0OTi total. *4,871,343: total tax rate (per
f l.OOrtt, flVJ-Xlhj. Heal eet.de !« r..-.--o-d at --iibout % o f Its actual
v . i ie.” I o 19*9 total anrr- rrl vabtatletl w a. $3,800,000; in 1887 it
wa* #3AW72IH5.
P O a U L A T IO N . —The population In 1890 was 12,678; in 1880it
w m 9,265.
S T A N L E Y
im
C O . — County seat is Albem
arle,
LO A N S —
W
fhtn Due, |Total debt Jan. l , 1893., $!OOtOOQ
j Tax valuation 1892..... 1,505,663Actual valuation,___.... 3,000,000
Uiterusi payable at Salisbury. I Piipulation iu 1890 was. ...12,136
R a il r o a d a id B o nd s—
6 s . J u l y f $ 1 0 0 ,o d d , .................1 9 2 0
A. G. RICABD, Mayor.
WM. A. WILSON, Treasurer,
Wibnington is tlie county-seat o f New Hanover County,
LOANS—
Wuen Due.
F unding ISST-’BS—
F u nding — (Grid) 1892.
58, J&J, $150,000.... .Jan, 1 , 191S
'>«. J.tJ, $332.400...... .ram 1,1922
O. & E , C. REL (when iss’d»—
New Bontls—
6s, ....,$ 10 0,0 00 .....Jan. 1*1918
C. F. A. Y. RIC
OS, ....,$150,000....... Jan, 1,1919
T b « inudiug bonds of 1892 were i sued to take up all of tlie “ old. city
debt.”
IN T E R E S T on funding bonds of 1892 Is payable in Wilmington
*nd New York; on the new funding bonds in Baltimore and Wil
mington. Coupons are tax- ^eejvnble,
T O T A L DEBT-—Tlie city’s bonded debt Feb. 1.1893, was $732,000j
floating debt, $20,000; total debt, $752,000; sinking fund, $16,9185net debt, $735,482. The sinking fund receives yearly 3 cents on
each $100 of the city’ s assessed valuation.
ASSESSED V A L U A T IO N —Ik e city’s assessed valuation and tax
rate have been as follow s:
Itrul
Personal
City Tax*
Yfiftrs.
Extole.
J’roper/y.
Total.
{per $1,000
1892..
. . .$5,243,569
$2,421,382
$7,664,951
$23*00
- -91............ 5.210.288
2,400,930
7.671.218
.............
1890............ 3,700,000
3,750,000
5,450,000
20‘00
1889____. ... 3.669,344
2,333,343
6,002,087
20*00'
1887..
.. 3,490,003
2,080,124
6,1.82,727
37*50
1885............ 3,397,505
3,762,146
5,159,651
17*50
The tax rate In 1892 included state aud couuty tax $8*00 and city
tax $15.
Property Is assessed at about ki less than its actual value.
P O P U L A T IO N in 1890 was 20,056; in 1880 was 17,350.
W IL M IN G T O N .
X ATTM ^TTTTsT
5 R -R K1RNER. Mayor.
V V L l N o 1 U 1 N . — ^ E. H , W ILSON, Treasurer,
Winston is the county seat of Forsyth County,
LOANS—
yYhen Due. Tax valuation 1892 abt.$4,500,000
IM U R . i V K M K N T B O N D 'S Assessment about ^ actual value.
6s, FA A, $H 0,000.. Ang. 15, 1910 State and co. tax (per$l,000) .$6*60
MxV.v, tOOJNK)___May 1,1011 City tax (per $1,000)............ 9*00
R WLK'»A!> R) «nd -—
Average school tax............. 1*00
«**. MAN. $40*000... Nov. 35. 3909 Population in 1890 was........8,018
Total debt teb. 1, 1893 . $240,000 Population in 1880 was........2,854
INTEREST ou the railroad bonds Is payable at Winston; on others
at Baltimore, Md.
State of South Carolina.
ITS
D EBT,
RESOURCES,
E tc.
VdmittPd as a State
- One o f Original Thirteen
Total area of State 30,570
State Capital
Columbia
G rernor (term expires D c. 1894) Benjamin R. Tillman
Secretary of State (tern expires Dec. 183i) J. E. Tindal
Treasurer (term e x p ire * D c» 1331) W , T. C. Bates
Legislature meats annually on the fourth Tuesday ia No
vember and there is no limit to length of sessions.
H IS T O R Y OF D E B T,—South Carolina for a period o f over sixty
rear*, durinu whieii *he constantly bad bonds or stock outstanding,
enjoyed a credit excelled by no State of tlie Union. Her people reeognlzcd (lie saerrdiiess of the State’ s pledges, they kept the pulilio debt
within hound*, maintained a sinking fund for its redemption, aud were
prompt ill meeting its every obligation. The temporary decline in
,-mlit Buliseuuently experienced was the result of tlie War, and of dislumest rule snlisenniintly, » * w ill appear from what follows.
Tlie tir.-t Slate loan to which we dud reference dates hack to 1794. It
wa* issued for Revolutionary War claims, and thirty-live years later
-till amounted to almut $190,000. An interval follows the making o f
till- loan during which, if bonds were issued, they were again speedily
retired. In IS20, however, the mania for public improvements, which
swept the country at large, reached South Carolina, and bonds for some
two mlUions were sold to pay for canals, turnpikes, etc.; the return
R U T H E R F O R D
C O . — Connty »ent I* Riitbcrfordton
rrom which investments proved small. But as the stock of the State
When Due. j Tax valuation 1991 ----$2,278,107 Hook, im institution in which the State was tlie only stockholder, was
LO AN SA*»e»«iiu-nt abuitl 3-5 actual value. pledged a* security for the loans, the dividends paid thereon constituted
R - h .- i i . ii Bo
,Oct. 1. 1905 j btaie lax (j»er ?1,0*X1)......... $2 89
#«, (•*"•*., ? K »),o
. . . ! County fax i|w*r$l,0O0}........ 586 a sinking fund, which increased rapidly. In 1831 the total debt was
M.kS. *27.3
lf»?**r**Af jMtiraWi *1 RItbwrfnrdton. | A v e ra ge *d h »d t a x ............._ a 1 3,1 - 1 7fl3.770.the sinking fund #122,852. Three years later tlie South
_.
BotuiMiU'A* (h ^ i r*.*t-.»rs,.$127,300 I i'opulutlou iu 1800 wm.
•
Carolina Railroad from Charleston to Hamburg, opposite Augusta,
rja a distance of 135 miles, was completed, though after a very flimsy
S A L I S B U R Y . — T . C . L i s s , M a jo r .
fashion according to modern notions. Its first cos was only $900,000,
and to tills the State contributed. The road was paying dividends as
T M * city S* ttm county 9m% of Bownn County.
LO ANS—
When Due. j Water dW+t..................
?2.500 early as 1835, and previous to the war had a highly prosperous career.
» t k V - t fU rxri*—
T o t a l d e b t (b .- t r e tu r n - )
52-;J00
Branches were built and the State endorsed two millions of its bonds,
8. Joro i *15 n on,, Juno 1, 1901 I Tax valuation 1890...... 2,000.000
but without loss to its treasury.
8-. Joim 1. 15.i*» > Jib... i. 1911 i A —e.uuetit alauit jaactu al value
In 1838 the city o f Charleston having had a disastrous tire, tlie btate
fb f .
■ . June 1.1921 I Total (ax (per»I.WW1 ......*,
-I
: return*) ,*50.000 I Populuttou In 1890 wae....... 4,418 issued two millions of obligations to help ttie citizens in tlieir distress,
'the noxt loan o f note was tlie first of a series sold in the course o f tlie
INTE R EST 1* payable to Salisbury.
rears 1853-18(13—to a total o f about $2,000,000, for the construction,
S A L I S B U R Y T O W N S H I P . — Til Rowan rnnaty of the State C a-it d. The Blue Ridge Railroad, also, in 1838 was
When Due, |Tax valuation 1803--- $ 2 ,U 3 B »« granted one million In State securities. A t the end of this year the total
L Q k N r.
,«KM1 ................ .... i *»3-- > 1 l ‘r»p«iUktIon In 1800 w m ....... .0,411
<*, JA J,
1 «4
STATE Aflfc CITY SUmElVTETiT.
Vol. LYI.
direct debt was $3,392,743, and the contingent liabilities for indorse
LOANS—
— Interest.— . .--------- -Prin cipa l.P. Ct. Payable.
When Due. (hiUttand*g.
" *'
ments $2,220,000; on the other hand the sinking fund was $1,843,803, NAME AND PURPOSE.
and the other assets in the way of railroad stocks, bank property, etc., Brown consols 1874............... 6 J & J July 1, 1893 $5,403,662
Bonds to refund brown consols 4 J & J July 1,1036
33,726
were $4,531,599. In November 1860, the diroot debt amounted to
do
do
J a n .’93. 4ha J & J Jan. 1,1933
5,250,000
Optional after Jon. 1. 1913.
$4,046,540. The State therefore at the beginning of the war had a debt
Blue bonds 1888..................... 4*a J & J July 1,1928
400,000
for so rich a State of no account at all.
Agricul. Con. Scrip—one piece. 6
........
irredeemable
191.800
But the war over, the State was at the mercy of unscrupulous rulB onds F u nd able in to B r o w n Consols —
exB who administered its finances most heedlessly, and imder whose Green consols (valid p o rtio n ........
July 1, 1893
fundable at p ar)..................
108,412
direction new securities increased like the little pickanninnies tlioin- Old bonds with interest to Jan. 6
eelvee. The several acts under which those securities were issued, the
1880—amount when funded
at 50 per oent..................... 6
........
1870 to 1897
date of the act and the approximate amounts of bonds or stock author
268.288
ized and issued under each were as follows;
P AR V A L U E O F B O N D S—The brown oonsols, the brown bonds
Date o f Act.
Purpose o f Act.
/ Approximate Am ount
—
Authorized. Issued.
1. Sept 21,1866 To fund past-due debt.......... $1,131,700 $1,131,700
2. Aug. 26,1868 To redeem bills receivable is
sued in 1866.....................
500,000
500,000
3. Aug. 26,1868 To pay interest on public
debt. (Tn 1878, $1,000,000
of above declared illegal).. 1,000,000 *2,000,000
4. Sept 15, 1868 To fund bank bills....... ....... 1,590,000
1,251,000
5. Feb. 17,1869 For the relief of the Treasury.
(In 1878 the above loan was
1,000,000
declared illegal)............... 1,000,000
6. Mar. 23,1869 For conversion of State debt. } .......... 17,542,500
7. 1869andl870 Land commission...............
700,000
700,000
8. Mar. 7,1871 Sterling loan for funding...... 6,000,000
Nil.
1 Part o f this, it was claimed, was returned to the Treasury.
t In 1873, $5,965,000 of these were declared illegal.
I Sufficient authorized to retire prior issues at par.
Besides the above loans, the State's indorsement was placed on $4,
000,000 bonds of the Blue Ridge Railroad Company. These bonds, how
ever, were subsequently canceled in view o f the State’s advances in cash
and scrip.
A t length the evidences not only o f heedlessness but also o f fraud
had beoome so obvious that the Legislature o f 1871-72 took the matter
up, appointed a committee to examine into the accounts, and finally an
attempt was made to impeach the Governor and the Treasurer. This lat
ter proposal the Legislature voted down. But to prevent further trou
ble from an improper use of the State’s credit a Constitutional amend
ment was proposed, and was ratified in 1873, forbidding the Legislature
to create any debt or obligation, by guaranty or otherwise, until twothirds the voters o f the State should signify their approval. In the same
year (October 31,1873,) the total debt was officially stated to be $15,851,627. This was beyond the power of the people to carry, and so, in
December 1873, an “ A c t to Reduce the Volume of the Public Debt,’*
&o„ was passed, and was called the Consolidation Act. I t declared null
and void the $5,965,000 conversion bonds mentioned above a having
rS
been illegally put on the market, and provided that bonds and stocks
fo r $9,886,627 (being the remainder of the total debt o f October 31,
1873 as given above) should be funded at 50 per cent o f their face value,
and interest from 1872, into new 6 per cent “ green consols ” dated Jan
uary 1,1874, and due July 1,1893.
About 4*2 millions o f green consols had been exchanged for old debt,
ieaving 2^4 millions o f the latter yet to be funded, when in 1877 the
question was again raised concerning the valid ity of certain of the old
securities, part o f which had already been exchanged for green consols.
On examination it was held that two issues had never had any right to
exist, and that therefore the conversion bonds of 1869 exchanged for the
same, and the green consols o f 1873 to the extent that they represented
the illegal issues or the conversion bonds therefor exchanged, were all
invalid. The Supreme Court of the State, in its decision delivered Sep
tember 29, 1879, concurred in this opinion. The first issue decided illegal
was that numbered 5 above, being for $1,000,000, and issued under act
entitled “ To Authorize a Loan for the R elief of the Treasury.” To this
act the court pointed out two Constitutional objections, the loan having
been made simply “ fo r the relief of the Treasury.” The second loan
condemned was that supposed to have been sold under the act “ to pay
interest on the public debt.” I t seems that in the first place $1,000,000
of these bonds, this being the authorized amount, were printed bearing
the title o f the act, but that the State Treasurer being afraid, it was
said, that this inscription would injure the State’s credit, ordered a
second series printed, bearing instead the words “ issued under act ap
proved August 26, 1868.” Both series it was claimed were issued,
though part of the bonds were apparently returned to the treasury
The second series the Supreme Court declared m ill and void, “ for if tin
act be construed as givin g authority for a second issue there is no con
ceivable reason why a third or a fourth, or indeed an indefinite number
o f issues, could not have been made upon the same construction.”
This conclusion having been reached the funding under the Consolida
tion A c t o f 1873 had all to be done over again. The final adjustment
took place under acts of December 23,1879, as amended February 19,
1880. In valid ity was discovered to exist to a considerable extent
among the green consols. A ll those therefore wholly valid, and the
valid portion of those declared tainted, were exchanged at par with
interest to July 1,1878, for new bonds printed from the same plates as
the green consols, but colored brown to avoid confusion with previous
issues. There is no invalidity among the brown consols. For over ten
years the State has paid its interest promptly, and it is said that the in*
come derived from its phosphate deposits w ill be sufficient to meet the
entire interest charge on its debt when refunded at 4 per cent, as it is
expected to be at its maturity in July 1893, if not before. The offer
made by the State to security holders w illin g to make the exchange
prior to maturity is stated below.
A single word should be added concerning the railroad bonds en
dorsed by the State. In this respect tlio commonwealth has been on the
whole quite fortunate. N early all, if not all, the companies aided have
had their properties sold in foreclosure, but excepting the Blue Ridge
road, so fa r as wo are aware, in one ease alone has the State had to
make good a deficiency, and in that case the sum due was only
$474,600.
The State debt consists o f the follow ing items :
exchangeable for the same and the blue bonds are all for $500 and
$ 1,000.
IN T E R E S T is payable in N ew York at the National Park Bank; in
Columbia, 8011th Carolina, at the State Treasury; and in Charleston at
the South Carolina Loan & Trust Company.
T O T A L D E B T .—The total valid bonded debt on Nov. 1,1892, was
$6,406,606; cash liabilities, $621,390; total debt, $7,027,996 ; cash
assets, $201,749; net debt, $6,826,047.
ASSESSED V A L U A T IO N .—The State’s assessed valuation and tax
rate at different periods are shown in the table below. “ I f assessments
for taxation wore made according to laws governing the same, the
taxable property o f the State would easily be $300,000,000.” —[State
Treasurer in 1891.]
Heal
Personal
Tax per
Railroads.
Estate.
Properly.
Years.
Total.
$1,000.
1892.
$26,786,607 $16S,871,227
$ ....
1891.
26,065,890
168,242,679
1890. 88,416,367
44,280,171
17,905.913
150,602,451
5-25
1889. 84,515,944
43,531,026
17,243,373
145,290,343
525
41,407,412
16,317,394
1888. 84,261,348
141,986,154
5-00
1887. 82,943,380
41,867,145
16,263,822
141,074,347
4-25
1884. 87,649,142
47,060.875
15,263,348
149,973,365
5 50
1880. 76,583,666
7,392,900
36,574,858
120,551.624
4-75
S T A T E P R O P E R T Y .—“ The State owns valuable deposits of phos
phates, and its revenue from the mining o f them has increased from
$196,698 in 1886 to $237,149 in 1890.
P O P U L A T IO N O F S T A T E .—Up to the time of the Civil War the
population o f South Carolina grew but slowly. Since the close of the
war, or rather since the State recovered from its effects, there lias been
a more rapid increase. The State is one of those which took part in the
formation of the Federal Union, and its population in relation to the
other States was quite large in the early history o f the country. Thus
the Census of 1790 showed a total of 249,073, and that of 1800 a total
of 345,591. I t is a noteworthy fact that in not one of the decades be
tween 1800 and 1870 did the addition to population reach as much as
100,000, and in the whole 70 years the increase was but 360,015, aggre
gate numbers by the Census o f 1870 being 705.606. As compared with
this small increase, the additions since then have been very satisfac
tory, for in 1890 tbe total had risen to 1,151,149, the increase for the
twenty years between 1S70 and 1890 having been 445,543, or about
one-quarter more than the increase for the seventy years preceding.
The State is now making rapid progress in general development, too.
1890............ 1,151,149 1860.............. 703,708
|
1830. 581,185
18S0........... 995,577 1850.............. 668,507 1820............ 502,741
1870............ 705,606 1840............... 594,398
j1810. 415,115
In 1860-70 increase was 1.898, or 0*27 per cen t; in 1870-80,289,971,
or 41T0 per cent; in 1880-90, 155,572, or 15*63 per cent.
The proportion of the colored population was 60*70 per cent in 1880
and 60*16 per cent in 1890. In number blacks were 393,944 in 1850 J
412,320 in 1860; 415,814 in 1870; 604,332 in 1S80; 692,503 in 1890.
B A N K S - S T A T E , N A T IO N A L A N D S A V IN G S IN S T IT U T IO N S .
—There are 14 national banks in South Carolina at present against
15 in 1885, and both the capital and the deposits of the institu
tions are somewhat less now; surplus, however, is larger. The
State banks are not required to make returns to any of the public
authorities, and hence the only source o f information regarding their
affairs is the report o f the U. S. Comptroller o f the Currency, whence
have come the data concerning those banks in the table below, both for
the latest year and for 1885.
1892.------------ v
,----------- 1885.N at tonal.
National.
State.
State.
So. Ca r o l in a . (Dec. 9, ’92.) (June 30, ’92.)
(Dec. 24.) (Sep. 30,’84)
Number of banks.
14
15
5
24
Capital................ $1,623,000
$1,960,000
$500,000
$1,533,027
Surplus & profits. 1,798,536
1,497,761
168,231
358,518
Deposits, individ’l 3,586,074
3,737,910
2,341,354
1,832,983
As the figures stand, there are 38 State and national banks, with
3 J million dollars capital and 5*0 millions deposits. The Comp
8
troller also reported 18 savings banks, with $718,360 capital,
$544,193 surplus and undivided profits ana $4,225,459 o f savings de
posits and $559,666 commercial deposits, all o f date June 30 1892,
making the total banking capital o f the State 37 million dollars and
s
the total deposits 10*4 million dollars.
Citie s , Counties an d T owns
IN THE
STATE OF SOUTH CAROLINA.
F. T O L L Y , Mayor.
K. FLOuD. Treas.
This place is in Andorson County.
LOANS—
When Due. Tax valuation, personal $500,000
Sa v a n n a h V a l l e y R R .—
Total valuation 1893— 1,700,000
7s, March, $32,000..March 1, 1S94 Assessment about % actual value.
($2,000 due yearly) to Mar. 1,1909 State tax (per $1.000)...........$5*50
County tax (p er$ l.o0 0 )....... 3*70
Subject to call at any time.
Coupons are tax receivable.
City tax (per $1,000).............10*00
Average school ta x ............... 2*00
Interest payable at Anderson.
Total debt Feb. 1, 1893... .$34,000 Population in 1890 w as....... 3,018
T ax valuation, real......$1,200,000
T A X FR EE .—The bonds issued by tills city are exem pt from taxation.
A N D E R S O N . — ) j o h 's
SOUTH* (OTOtlflA— CITIEB MM TOWffS,
April, 1893.
C H A R L E S T O N - ! ^ V c IlZ ^ X s .
Charleston is the county scat of Charleston County. In consequence
»f the War the city's bonds became overdue, principal and Interest.
The conversion bonds were Issued to settle this indebtedness.
LOANS—
W h en D u e . 7s, A Sc
$20,000___ Oct. 1,1898
COSV;
6s, A40, 91,500......Apr. 1,1837
7*. A AO, .•
#'12,100.... Oct. 1,1893 I Os, A*0, 18,000_ Oct, 1,1898
_
Ts.AAO, 7:1,700....Oct. 1, 1894 j 5s, AA-o; 50,000_ Oet. 1,1922
_
7s, A AO, 81.500.... Oft. 1, 1695 I 5s, JAJ, 23,000.....in 99 years
7s, AAO, 07,000....Oct. 1,1896 |4s, J&J,3,391,112....... Jan. 1, 1909
PAR VALUE O F BO ND S.—The bonds are coupon bonds lor $100,
*500 and $1,000.
IN T E R E S T .—Interest is payable at Charleston Cite Treasury, cou
pons are till tax-receivable.
T O T A L DEBT, SINKING FUNDS, E t c .—T he subjoined statement
shows Charleston's total municipal debt on xho 20th ot October, 1892,
and on the first of J uuuary, 1891, and 1890:
1892.
1891.
1890.
Total bonded debt...................... -§3.887,912 $3,931,612 $3,971,612
D EB T LI M ITATION.—The city can Usue additional bondsonly when
authorized by a two-thml. vote of Its citizens at a poi>ular election held
• accordance « ith a two-thirds vote of both the City Counoil and the
n
State Legislature.
ASSESSED V A LU A TIO N .—
The city's assessed valuation (about %
cash value) and tax rate have been as fol lows:
Tones.
1
‘r'/'At.fl 'll
Heal Pstale.
P r o p e r ty .
$6*554,801
6,586,539
1891................... $1-1,878,430
1890................. 11.-00.000
1880............ ... 14.726,565
U S B .................. . 14 -7
6,699.097
7,012,205
Total Assessed Tax per
Valuation.
$1,000.
$21,133,031 *$28*25
21,388.539
21,423,652
34-25
21,569,555
33-75
•Tax m e t In 1891 in. Imp-. State tux. $1-75; cltv tax, $22-00; school
tax, $1-50; total. $2~-25, In a.;to tin- city tax was $23-00 and the school
tax $1*75.
P O P U L A T IO N .- In 1890 population was 51,955; In 1880 it was
49,984 ; In 1870 it was 48,956.
C H A R L E S T O N C O .— G. H. Walter, Treas,
County mmit In dm rlm trm .
L 0 A N § r~
When Due. \AsL*eA*in*& ab’ tSO p.o. Actual value.
COOSTT
State, tax (per $1,000}.
.. .$4*50
,1)00;_
_
Tom ! cIebtJii.it. 1,1803.
$30,000 j A ventre sdiool ta x .......... .
2*00
Tax valuation, real.
’ 11.033365 Population in 1890 was
.59,903
Tax valuation, personal 7,955,220 i Population in 1880 was.... .51,167
Totalvaluation1 9 ... 1 ,8 8 8 f
8 2 0 8 ,5 5
INTEREST to payable at. Charleston*
CHESTER COUNTY.—
LOANS—
W h en
County sea is Chester.
t
Z»nr. Tax valuation 1892__ $4,082,819
Rj»tt »■>*!> Ait- i; .M,1Total tax per $1,0*10.. .
$13-75
9 » * 7 « , ....... ,$9<j .<hio .... ...
Population in 1890 was......20,660
Total debt (last returiif) .$00,000' l‘i>puiii> :> u in 1880 was...... 2-4,153
>
G R E E N V IL L E
C O , — County seat is Greenville.
LOANS—
W h en H ue.
G k e e n v ii / & L aurens RB,—
le
A t . & R ic h . A ik L is e r b .—
7 s ,....... . $50,000...----------- —
7 a,.........$120,000...1891 t o ------- T ax valuation 1892___$6,760,885
about $6,000 paid yearly.
Total tax (per $1,000)........$13-50
Population in 1890 was..... 44,310
K E R S H A W
LO ANS-
C O U N T Y . — County seat is Camden
T ax valuation. 1892... .$2,827,690
T o ta lta x (per $1,000)......$12^00
Population in 1890 was...... 22,361
returns).$1 6 0 Population in 1880 w as...-.21,538
* ,0 0
6
R a ilr o ad B onds—
7g ----- ooo
Total debt (last
W h en D u e.
L A N C A S T E R C O .—J. E. Stewmau, Treas.
County seat is Lancaster C. H.
T ax valuation 1892.. „ .$2,320,380
LOANS—
W hen D ue.
Ch e r tw & C hester BE .—
T ota lta x (per $1,000),....... $13*00
6s, Feb., $94,600 ....A p r, 26, 1905 Population in 1890 was.. ...20,761
Total debt (last returns).. .$94,600 Population in 1880 w a s.....16,903
l N T E R E S T is payable at Lancaster Court House,
L A U R E N S
C O U N T Y . — J. D . M o c k , Treas.
County seat is Laurens C. H.
Total debt (last returns).$149,500
LOANS—
W h en D u e.
G r e kS L UTUESS & SPABT. HR.
T
KEEN.
Tax valuation 1892........4,417,736
7s, Dee,, $75,000...... .......30 years Total tax (per $1,000),........$12-50
G k eh nvillh & L aurens RR.—
Population in 1890 was...... 31,610
7s, Dee., $74,500............. 30 years Population in 1880 was...... 29,444
N E W B E R R Y . — J a m e s K . T , G o g g a n s , Mayor.
This is the county seat of Newberry County,
LOANS—
W h en D u e . Total debt (last returns). $24,000
T u b s B onds —
Tax valuation 1890........1,399,000
5s, Jan., $24,000....... Jan. 1 ,1907 City tax pel- $1,000.......
$3-00
Coupons tax receivable.
Population in 1890 was....... 3,020
S P A R T A N B U R G . —Jos. M.
E l f o r d , Treas.
This city is the county seat o l Spartanburg County.
LOANS—
When Due. Bonded debt Jan. 1,1893 $49,500
Floating debt.............. .
2,400
R a ii .bo.io Bonds —
51,900
7a, J .U ,$13,000....-..July 1 , 1895 Total debt Jan, 1,1893..
6S.J&J. 11,000....... July 1,1911 Tax valuation, real......1,033,618
Tax valuation, personal. 757,735
tMi-Kovp.MENT B onds78, MAN, $5,000....... May 1 ,1897 Total valuation 1891... .1,791,353
7s, MAN', 10,000.;....M a y 1,1902 Assessment abont % actual value.
6 s. MA-.V, 5,000....... May 1 ,1912 City tax (per $1,000) 1892...$8*00
Population in 1890 was.......5,544
Oi -era H ouse B onds —
6 s , .........$5,500........ July 1 ,1917
The bonds are all tax-receivable.
S P A R T A N B U R G
C O . — County seat is Spartanburg.
Total debt (last returns) .$253,000
I . . . . ____________
R a il r o a d A id bonds —
, Tax .valuation 1892....... 9,549,604
. . , __
---,..$14*3 ~
7*......... , $253,000...................... . I Total tax (per $1,000)....... $14*25
Sinking fund retires $8,000 yearly. |Population in 1890 was..... 65,385
LOANS—
U N IO N
C O L U M B I A . —F. W. McMastes, Mayor.
165
W h en D u e .
C O U N T Y . — County seat is Union,
T ax valuation 1892... .$3,138,590
Total tax (per $1 ,000)......$17*00
Population in 1890 was...... 25,363
Population in 1880 wo^s.... .24,080
LOANS—
When. Due.
C«lti.iiiWa la th e capital#? the State and' the county seat of Eieliland
S partan *b’ g & A s h e v il l e RR.—
Oauiit-y. lit 1889 t h r «:uiy fuu4c4 the entire amount of It® debt (prin 7s......... . $139,200...... ........ .........
Sinking fund retires $3,000 yearly.
cipal and overdue
In to the first issue of bonds below de
Total debt (last returns) .$139,200
scribed., The water bonds, secured by first mort^ag© on water works
or® $400,000, w e n t I m m m I lit 189.1 for Improvement®.
LO AN S. in te r e s t.
—
------ F H n t fip a l. -----------*
H&M&, AHO
P C L P a y etM e. Wk&tt D u e . O iUniun-d'g.
*
Jf -w city funded d« ot, 18*0
r hernia (I n
3 -i
l
3 & J July 1,1010
J & J Jau. 1,1921
$852,186
75t(mU
* Free from city tax.
PAR VALUE OF BONOS*—Tim bonds a.re for $100, $500 and
#1,000,
IN TE R ES T,—Tii« bonds b o ra 2 per cent interest till July .1,1891,
and will bear II per rent till July l f 1900% thereafter 4 per cent. This
interest It payable at the City Treasury. The coupons are ttfx-feceifM e except for water rent#.
T O T A L D EBT, SINKING FUNDS, E t c . - T he subjoined state
ment show# Columbia'* total rounlelpai debt on the first* o f January of
mrk of the last three years,
1892.
1891,
1890.
Total bonded debt Jan, 1 ......... $852,180
$852,186
$852,186
The city ow tm it# water works, valued at upwards of $500,OOO (they
having cost over $-100,000), and ib income from the same will more
than meet ih© litlerest on the new water bonds.
D EBT LIM ITATIO N .—^im eity cannot create a debt in excess of
T
the
valuation of city property.
ASSESSED VALUATION .—The city’s assessed valuation (about %
ejM value) and tax rate have '.been as follows.;
tb
M ra i
P e rs o n a l
T o ta l A r i d
T ax p e r
P r o p e r ty .
V a lu a tio n .
$1,000.
$1,703,196
$3,-254,105
$4,057,301
$1000
1891....... ..... 3,251,105
35*00
1,703,196
4,957,301
1880..,.,,
4,253,438
1,371,088
..... 2*755*752
1,245,639
4,001,301
....
The lax rate In 1891 Include#: State tax $13,00; county and school
tax .?!*-00; cltjr tax proper $13*00.
POPULATION.—In 1890 popuhttfon wae 15,353; in 1880 it was
10,036.
Y e a r*.
1 8 9 % — .* . .
State of Georgia
ITS
w
D E B T, RESOUR CES, E tc.
Adtni’.ipd as u State
One of the Original Thirteen
Total area o f State (square miles)
59,475
State Capital Atlanta
Governor (term expires *Nov. 1894) - T m , J, Northen
Secretary of State (term expires *-Nov. 18D4) - Philip Cook
Treasurer (term expires #Nov. 1894) - Robert U . Hardeman
L-gislature meets annually in October, and sessions are
limited to fifty days.
■Section 49 of the Code says: “ The Govemor-eleot shall begin the dis
charge of his duties from the time o f hi3 inauguration. The ceremony of
inauguration shall take place during the first week of the session of the
General Assembly next after the election, and on such day of that week
as the General Assembly by joint resolution appoints. On failure of
appointment, it takes place at 12 o’clock, meridian, on Saturday of that
week, unless prevented by providential causes.” Article V., section 2,
paragraph 1 of the Constitution says that the Secretary of State, Comp
troller-General and Treasurer shall “ hold their offices for tho same
time as the Governor.”
HISTORY OF D E B T.—Georgia early gained a well-deserved repu_
tation both as regards tho thriftiness o f her people and the wise man
agement of her finances. For what purpose she first issued bonds Is
not easy to determine, but certain it is that her debt was small when in
accordance with an act passed in 1836 she undertook the construction
of the Western & Atlantio Railroad. Bonds were issued for the building
-Till* Uty is the county seat of Green- and equipping this road at various times and for various amounts, its
total cost prior to October 1858, being about ,$5,900,000. Tbe road
vilie County.
was opened for business in 1850, and running from Atlanta, Ga,, to Chat
W heti D u e . i Coupons are all tax-receivable.
loans—
CtTY U«i»r.«—
i Total debt (hurt returns). $98,000 tanooga, Tenn., 138 miles, it proved a very profitable investment. I t
.. 1$92 to"!).-» |Tax valuation 1889—
7g. 3tkS,$ IHJ0OO...
7*,JtkJ, 38,600... ..lOOOto'K) I real estate............... 1,200,000 soon yielded a good return, and in December 1890, a twenty-year lease
1906 { Personal propertv .......
800.O O at $300,000 per annum having expired, a new lease at $420,012 per
O
«o . j h j , lo.ooo .
6% F * A , I “ .OOO ..
1009 I City tax (per$j,000>...
$8-40 annum was executed to the Nashville Chattanooga & St. Louis Rail,
la. ■ V.T, to.vsx)..........
I
I OIL Population 1800 was..........-8,607 way Company (controlled by the Louisville & Nashville).
8 t w « Boxds—
1Population 1880 wm ....... ... 6 ,16 0
Yet notwithstanding the sneoess achieved in building the Western &
S9,----,#75,000........... ,...,1922 |
G R E E N V ILLE .
of
166
ST/VTE AND CITY SUEEEMETJT,
Atlantic, the 8tate before the War opposed as a genoral rule propositions
lor suoh public improvements at her expense. 8he however aided the
Atlantic & Gulf RK.t incorporated in 1856, by subscribing to $1,000,000
stock, and issued her bonds to pay for the same. The Central Bank
also, which went into liquidation about 1848, contributed somewhat to
the State’s indebtedness, Georgia having to assume some of its debts.
But with all these unusual expenses, so well were her tinaiices con
ducted that in 1800 Georgia had a tax valuation of nearly (546 millions
and a bonded debt of only $2,670,750. In 1861 about $830,000 bonds
were issued, and during the reconstruction period following the war the
debt was raised to $5,841,000 (on Nov. 1 1866), new bonds having been
sold “ to meet appropriations,” to equip the Western < Atlantic Railroad,
fc
to purchase corn for the suffering poor, etc. On Jan. 1 1870 the total
debt was $6,014,500; but the management of affairs had fallen into bad
hands. The State Constitution of 1868 permitted loans to railroad com'
panies provided the State should be given a first lien on the property
and provided also that private parties should invest the same amount
as the State in the undertaking. Under the right so conferred loans
were granted wholesale. In 1868 it was voted to assist three railroads*
In 1869 four more, in 1870 thirty more, mostly by endorsing bonds to
be issued at rates varying from $8,000 to $15,000 per mile.
Had all the companies availed themselves of the proffered aid it is
calculated that the State would have been liable for $30,000,000 of
endorsements. But the roads did not all do so, and the trouble which
ensued w as rather the result of a disregard of the law than of this reck
lessness under the law. In 1871 the State Treasurer wrote: “ With
an excessively prodigal, unscrupulous Chief Executive in the use
over four and a half mil*
of the public funds * * * * * *
lions of
new State bonds have been issued which the
Governor * * * * * *
failed to have executed and regis
tered as the law requires.”
The people took alarm, and in
December 1871 an act was passed, despite the Governor’s veto, “ to
protect the people of the State of Georgia against the illegal and fraud
ulent issues of bonds,” etc. A committee was appointed to examine
into the legality of all recent loans, and the Legislature passed on their
report. The determination of the invalid loans occupied a considerable^
time, but the outcome of it was that of the endorsed railroad issues only
$1,050,000 Macon & Brunswick bonds, $240,000 North S South RR.
r.
bonds, $34,000 Memphis Branch bonds and $461,000 South Georgia <
V
Florida bonds were declared valid. On the other baud certain other
endorsements on railroad bonds were pronounced null and void. These
latter a Constitutional amendment adopted in May 1877 forbade ever
being recognized, the Irregularities averred being various, but includ
ing endorsement without the State seal and.without the signature of
the Secretary of State, issuance before completion of the requisite num
ber of miles of mad, and “ in defiance of the 8tate Constitution.” etc.
The same amendment for similar reasons outlawed $1,500,000 State
bonds issued to the Brunswick & Albany Railroad, $1,880,000 currency
gold bonds issued under act. of August 27 1870 and *$102,000 of the
quarterly gold bonds issued under act of September 15 1870.
The recognized debt of the State on January 1 1878 thiR “ sifting,
process having been completed, amounted to $10,644,500, all the recog
nized endorsed Ixmds (except the South Georgia & Florida issne, the
obligations of a perfectly solvent company) having been retired by the
State in 1877 by means of a loan of $2,298,000 six per cent bonds
The railroads whose securities were thus assumed had become State
property by purchase at foreclosure sale and were afterwards sold at a
•onsiderable loss, the proceeds being applied to the redemption of State
indebtedness. The Western & Atlantic alone remains the prox>erty of
the State.
The debt of the State is now being steadily reduced, $100,000 being
devoted each year to this purpose. Moreover the State Constitution
adopted in December, 1877, provides against the creation of any bonded
debt “ except to repel invasion, suppress insurrection, or defend the
State in time of war,” $200,000 beiug made the limit for floating in*
debtedness which may l>e temporarily Incurred in ease of deficiency in
the revenues. The credit of the commonwealth has in fact become so
good that in May, 1890, an issue of $1,833,000 of 3 ^ per cent refunding
bonds, having an average life of 22 h) years, were sold at par.
Yol. LVL
Personal
Year8.
Ilea l EKtatc.
Total
Railroads.
Jotal. Ta* poo.
*1 1>rr
Property.
1892... ..$258,877,830 $162,271,679 $42,604,025 $163,753,534 $4*85
1891...
42,383,287 4 14,969.755
1890... .. 225,054.915 152,311.869 38.462.161
415.828,945 3-50
1889... .. 205,751,936 140,1 *(>.901
34.250.477 380.189.314 4 00
1888... .. 195,616.435
132,246.896 29,304,127 357.167,458 3-56
1885... .. 179,946.059
119,200,739 22,548.818 321,695,616
1880... .. 139,657.250
99,276.876 12,400,5-5
251,424,051 3-5(1
1875...
1870...
$261.75.5,884
226,119,519
261,755.884
226,119,519
-- .
P O PU LATIO N O r S T ^ T E .—Georgia is often called the Empire
State of the South. According to the late Federal Census it had a larger
population than any other Southern State east of the Mississippi with
one exception, and during the last two decades, or from 1870 to 1890,
there has been an increase of no less than 653.244 in the aggregate,
numbers having risen from 1,184,109 in 1870 to 1,837.353 in 1890. In
agriculture, in manufactures and in wealth Georgia holds a very promi
nent position. It is one of the original thirteen States, and lienee its
record of population extends back to the time of the first Census, in
1790. In that year the number of persons within the border of the
state was 82,548. In 1800 the aggregate had been nearly doubled, the
population then being 162.036. By 1830 the half-million limit waa
passed, and by 1860 the total was in excess of a million, in 1890, as
already said, it was 1.837.353. There are only eleven other States in
the Union which have a larger population than this.
1890.............1,837,353 I 1860................1.057,286 |1830............. 516,823
1880............1,542,180 1850............. 906,185 1820............. 340,983
1870.............1,181,109 |1840............. 691,392 1810........... 252,433
In 1860-70 increase was 126,823, or 128)0 per cent; in 1870-80
358,071. nr 30*24 per cent; in 1880-90, 295,173. or 19*14 per cent.
The proportion of the colored population was 47*02 per cent in 1880
and 47*01 per cent in 1890. In number blacks were 384.613 in 1850;
465,698 in 1860; 545,142 in 1370, 725,133 in 1880, and 863,716 in
1890.
B A N K S -S T A T E . N A T IO N A L AND SAVINGS IN S TITU TIO N S.
—In Georgia the State banks are more prominent than the national,
but the latter are all the time increasing. There were 32 uatlonal
organizations December, 1892,against only 17 December, 1885; capi
tal was $4,541,000 against $2,625,000, and deposits $6,742,230
against $3,827,824. The State banks are required to make quarterly
reports, and according to the sratemeut of the State Treasurer num
bered 79 January 2,1892, and had 9% millions capital and 15*3 mil
lions deposits, this including the savings banks. In the following the
figures of the State banks for 1885 have been taken from the report of
the Comptroller of the Currency for that year and do not include the
savings institutions.
-1892.-1885.K a li or al.
A atio> al.
Stute.
G e o r g ia .
(Dec. 9 , ’ 92.) (Jan. 2 , ’ 92.) (Dec. 24.)
Number of banks...
32
79*
17
Capital.................. $4,541,000
$9,287,241
$2,625,000
surplus and profits. 2.145.571
3,101,406
1,290,069
Deposits, individual 6,742,230 15,377,679
3,827,824
* Includes savings banks.
The State and national institutions together (111 in number) have
over 13% million dollars capital and hold over 22 millions ot deposit*
C it ie s , C o u n t ie s
and
T
owns
IN THE
STATE OF GEORGIA.
A L B A N Y . — Y . C.
R u s t , City Clerk
This city is in Dougherty County.
LO *\NS—
When Due. Tax valuation 1891..... $4,461,436
Tax valuation 18 >) .... 2,271,16*3
W a te r W orks S Sb w k k u ie —
r.
6s. ami., $100,000...Jan. 15, 1891 Ta> valuation 18S9. .. 1,933,808
$7*00
($4,ooo due yearly) to Jan. 15,1913 City tax (per $1,000)...
Total debt June 1 1892. .$100,000 |Population 189.) * as........... 4,008
IN TERES T ^ payable at the Mercantile National Bank, New York
LOANS —
- Interest.— - ,--------- P rin cip a l.--------- . City.
—
NAME AND PURPOSE.
P. Ct. Payable. When Due. Outstand'g.
Funding bonds, 1376.............. 7 ,T & J July 1, 1896 $542,000 A M E R I C U S . — This city is in Sumter County.
Redemption bonds, 1892....... 7 M A N July 1, 1922
207,500 Total debt Jan. 1. 1893.. $116,000 I Actual valuation....... $5,000,0000
Refunding bonds—Act. of 1884 4 ^ J & .T July 1, 1915 3,392,000 Tax valuation 1892....... 3,200,000 |Population in 1890 was,....22,107
Refunding bonds—Act of 1887 4 ^ J & J Jaii.,*98-1916 1,900,000
$100,000 pavable each rear.
AT-iLJTrTVTQ; __ <H. C. TUCK, Mayor.
Refunding bonds—Act of 1889 3*2 J & J Jan.,1917-’35 1,833,000 -rx a r r
) a . L. M ITC H E LL, Treas.
$ 100,000pavable yearly, 1917 to 1934, and $33,000 in 1935.
Athens is the county seat of Clark County* This city has never
Btate University bonds_ ___ 7
_
J & J 1932 to 1939
267.000
Falling due as follows; $62,000 April, 1933: $96,000 April, 1934 : failed in the payment of principal or interest of its debt.
Sc h o o l B o n d s 1880—
$92,000 June, 1935; $2,000 July, 1936, and $15,000 February, 1939.
LOANS—
When Due.
........ July ] , 1916
C
e B o n d s 1873—
PAR VALUE OF BONDS.—Bonds are in pieces of $500 and $1,000 8s, o l l e g$24,500...... July 1, 1898 I 5s, JAJ, $20,000
JAJ,
S e w e r B o n d s 1891—
IN T E R E S T
payable in Atlanta, Ga., and at the Fourth Nationa.
5s. .TAJ, $25,000.......July 1, 1921
R a i i .r o * d B o n d s , F u n d e o ’ 93—
* W a t e r B o n d s 1892—
Bank of New York City.
Or, JAJ, $5,000...... Jan. 1.1*94!
BONDED DEBT.—The valid bonded debt of the State of Georgia on 6s, J&J, 18,000.. Jan. 1,’95 to ’97 5s, M AN .$29,000.Nov. 1. *93,to ’12
. ($1,000 due yearlv.)
($6,000 due yearly.)
the 1st of October. 1892. was $8,185,000, of which $8,149,500 was
5s, MAN, $96,000....Nov. 1,1922
interest-bearing and $35,500 was past due and non interest bearing
* Suits have been instigated by the New York Water Supply Company
The contingent liabilities of the State were $464,000 of South Georgia
to test the legality of the water bonds issued by th s city. See C hron
•nd Florida RR. bond**, indorsed by the State of Georgia, and$260,000 ic l e Vol. 56, p. 383.
of North we tern RR. bonds, indorsed in like manner.
INTEREST i» payable in Athens and all coupons are receivable for
S T A T E P R O PE R T Y ,—The State owns the Western & Atlantic RR.. city taxes.
extending from Atlanta, Ga. to Chattanooga, Tenn., 138 miles, and has
BONDED DEBT Jan. 1, 1893, was $222,500; floating debt, $10*leased it for 29 years from December 27, 1890, to the Nashville Chatta 481; total debt, $232,984.
nooga < St. Louis RR. Company at a rental of $420,012 per annum.
fc
DEBT LIMITED by State Constitution to 7 per cent of the assessed
DEBT LIM ITATIO N .—“ The bonded debt of theState shall never be valuation.
increased except to repel invasion, suppress insurrection or defend the
T AX FREE.- The college bonds are exempt from taxation.
Btate in time of war.” (Constitution or 1877, Art. IV, Sec. 12, Par. 1.
ASSESSED V ALU A TIO N in 1890 of real estate and personal
ASSESSED V A LU A TIO N .—The State’s assessed valuation and tax property was $6,545,253. The total assessed valuation in 1889 was
rate have been as follows;
$4,600,0(H); in 1887 it was $4,202,175. Real estate is assessed at it#
* Nos. 797-8, 1269-30, 1633, 1741. 1771-4,1791-2,1811, 1825-6,1840, actual value
2501-2575 and 2591-2600, all inclusive.
PO PU LATIO N in 1890 was 8,639; in 1880 it was 6,099.
A p a il,
GEO^CI*— CITIES
189a.
„ 5J<
TOWTiS.
167
G O O M a y o r .
ATLAN TA.
H. GOLOSMITH, Comptroller,
Atlanta la the county seat o f Fulton County,
LOANS—
When line.
REI i KMPTIOS—
C.U*!Tt>L—
os. J.V.I,
.8ept. 1, 1915
«s, J&J, $55,500.,., Jan. 1,1914 4*38, J&J,
.July 1, 1916
F l o a t ! vu d e b t —
4%s, .TAJ,
.Jan. 1, 1917
*s, J&J, $100,000....Jan. 1,1902 4**>S, J A J,
.Jan. 1, 1918
F l'M / is o 4%s, J&J,
.Jau. 1, 1919
8s. J&J, $40,000, ...Jan. 1, 1R94 4%s, J&J,
.Jan. ), 19*22
6m J&J,
.
50.000
Jan. 1, 1495
J.vJ,
.Jan. 1, 1923
6 s, J&J,
50,000
Jau. 1, 1896 4s, J&J, 124,000. .Jan. 1, 1920
OktisoiA A ik U s e —
4s, J&J,
80,000. .Jan. 1, 1921
fa J&J, $300,000 ...Jon. 1, 1899
GKOKi, IA WKSTE3S KK.—
7 s? AJ *J , $299,000. .Jan. 1, 1901
•», J&J.$t«Kl,0 0 0 ,...July 1, 1902 Ts, J&J,
*28,000. .Jau. 1, 1907
*
R e d e h v t i «»>—
4*80, J&J, 500.000. ,Jan. 1, 1922
40.000. -Jau. 1, 1902
8», J&J. $77,500. Jan. 1, 189’ 4s, J&-J,
4s. JS.I,
18,000. .Jan. 1, 1907
8*. J&J,
18,000. .Jan. 1,
69,500.. July 1.
4s, J&J, 182,000. .Jan. 1, 1923
6a, J&J,
P A R V A L U E .—Bonds are in pieces of $100 and multiples o l the
*aiue.
INTEREST if payable in Atlanta anil at the Fom-th National Ranh
and National Park Bank, tu New Turk City. A ll issues carry tas.1 tree!vside emiixiua,
T O T A L DEBT, SINKING FU ND S, Etc .—The subjoined statement
ASSESSED V A L U A T IO N ,—The city's assessed valuation and tax
rate have been as follows;
Ileal
Personal
Total Assessed City tax
Tears.
Estate.
Pro perlif.
Valuation.
per $1000
1892........... ..$16,408,950
$5 643.992
$12,1 12,942
$12 50
1891.......... .. 10.041.973
5,309.326
21,351.299
12*50
1899............
15,402.853
5.010.828
20.413,681
12*50
1888............
15.241,450
4.933,806
20,175.250
1500
1880............ .. 9.010.900
5.028.107
14,039,067
15*83%
The average State and county tax is about $9*70 per $1,000,
•hows Atlanta’# total municipal debt ami tile water debt on the lirst ol
January of each of tbe last four years.
C O L U M B U S . — f j,
1893,
1892.
1891.
1890.
Total bonded debt....$2,954,1)00 $3 101,000 $2,212,000 $2,2111.009
,
W ater debt............... 1,137.000
1,027.000
427,000
427,000
The city charter requires that bonds to the amount o f $3,500 be purchased annually by the sinking fund and retired. During the year end
ing January 1, 1891, the amount purchased w as$1,000.
C IT Y PR O PE R TY .—The city owns It# water works, which arc
Valued at #1,000,000, and other property valued at #1,201,450.
DEBT LIM ITATIO N ,—Atlanta's charter forbids the increase of the
dtiy’e debtT A X FR EE .—All the above bonds are exempt from the city tax.
ASSESSED V A L U A T IO N ,—The city’ s assessed valuation (about %
o f its cash value) and tax rate have been as follo w s:
Real
Personal
City Tax
Total J Ksmsed
Estate.
Tear*.
Proocrly.
i at nation.
pet' 81,000,
1892,..,...$39,201,777
f 1-1,240,968
$15*00
$53,142.745
35*00
1801... ... 35,502,618
14.405,332
43,6117.950
9,000,000
15 00
1889... ... 27,090,000
30,000,000
1888... ... 25.590,081
9,003,517
34,504.198
15*00
H ie total tax rate (per $1,000) for 1892 was $23*60, being made up ol
he State tax, #3 60; countj* tax, #5*00, and city tax proper, #15*00.
P O P U L A T IO N 1» 1800 wae 05,533; tit 1880 It was 37,400; in 1870
it w a s ------—
v
A U G U S T A . —J. H.
A l e x a n d e r . Mayor.
Augusta U the county seat o f Richmond County. The city has never
failed la the payment o f principal or interest o f her d eb t None o f the
follow in g bonds are payable before maturity.
—P rin cip a l,--------/W tern .
LO AN SWhen Due. OuWamCg.
IAME AH0 PURPOSE.
J CL Payable.
*.
M,v ■
N May 1, 1894 $104,000
toiidi lettered\ 0 C 1874....... . 7
88,000
M B 1875........ . 7
A & u Apr. 1, 18)15
do
56,000
A & o Apr. 1. 1896
do
M B 187*5...,.,. 7
62.1H
H)
M B 1875......... 7
do
A & o A pr. 1. 1397
101,509
do
C E 1873........ 7
M A 8 Mur. 1. 1898
00,000
Nov. 1, 1899
M & N
do
F B 1870... .... 7
82JHK)
A A O Apr. 1. 1900
do
A € 1870. .. ..... 7
7
65,500
F B 1870
M < N Nov. 1, 1901
V
do
23.9(H)
du
j tfe I> I me. i, im n
K B 1 877....... 7
85.500
J A J Jan. 1, 1902
do
k B 1379 ....... 7
50,000
do
J & J Jan. 1, 1903
c
R B 1878._____ 7
do
48,000
J A D J tine 1. 1899
B 1879. . . .. .. 0
106,60(1
J & J ,1aw. 1, 3904
do
W W 1880........ 0
148.400
J de l) !)»*«■, 1, 1905
do
A A f 8 8 0 ....... 6
39,<H >
H
B B 1 88 3....... 6
r A A Fob. 1, 1900
do
21KMMK)
M A N Nov. 1. 1913
F I 188 3....... 0
do
45JHH)
6
F A A Feb. 1, 1915
do
D 1395.......
25.1HK)
F < A Feb, 1, 3919
K It 18.8?)......... 5
do
te
105*000
do
€ B 181H. . . .. .. 5
M & N May 1. 1921
24.500
d*j
K K l * * 0 ....... . 4% A «te O Oct. 1, 1910
1 ] 5,000
do
a
R B 18 »2_....... 4 h J A r> Dec. 1. 1922
98,000
do
1 8 9 3 ,...... 4 b M A 8 Mar. 1, 1322
6.000
Baud# ptmt due tint not yet presented for paym ent.. , .. ...
P A R V A L U E O F BO NDS. ~ •ibe bontl# of tubs city are in pieces oi
rltMh $5oo and S l.o o o wmh.
INTEREST i* payable in Augusta. nnrl all coupons are tax-receivable
The annual Intercut charge on the city’s bonded debt U being Hteadlly
red need by ibe maturity o f old issuer t*f bond-* and substitution of new
iumtc* at reds teed rate* o f Interest, Within two years it is probable
Unit the Income from water relit* alone wlU pay all the Interest on the
clty’i» debt,
T O T A L D E B T, E re.—The city h »« no floating debt. The following
ttatement «tiow « Ansm#tiTs total bonded debt (Itietiiding the water
debt) on t be tlrst nf Jan dory i t eite i o f the yea r# mentioued.
Bonded debt.
I?tmrtctl debt. Tear*.
Tear.
Bamlrti trh!. | Tea re
19 77 ----$2 .014,750
39 " 3
...$1,750 8(H) f 1883.
2,092,250 19 72.. ___ 1.393.7-50
1802
.. 1.751 ,300 j 1881.
2.039.000 18 71.. .... 1 355,250
1801
(K
.. 1.748,H '> l 1990.
2,070,500
.. 1,7 44,800 1 1878.
1889
DE
L IM IT A T ID N —The Om «ti*fitton of the State of Georgia
*dop m i hi 1877,1 tmlts i mnlc jml i -deb ted ties# In this Stare to 7 per
■ty. AugusfstV debt at that time
rtf
mu% *»ii 'tt*
9
of tii
ration aml * till i**. Therefore under no eir
wii* In ext
it it de o f th e « ity be increased. No bonds ran he
law fully i
r the p. trpose o f retiring old issues as they
ed i
fa ll due. No ohligsdh.fi >f this cH y has ever been repudiated op resiled.
C IT Y P R O P E R T Y - The city owns its water works, valued at
$566,060, the Attgustn ■runal, valued at #1,500,000. and more than
in other good r *ni citato within city limits. The annual In
anal and water works) i* u »w about #00 ,0*%
m m from w afer rent,
an»s Increases y e a r ly from now industries and new ei. tensions of water
tuning
P O P U L A T IO N .—in 1890 population was 33.300; in IRSOitw&s
21.891. By the directory count the present population exceeds 36.000
and, including the immediate suburbs, w ill considerably exceed
40,000.
B R U N S W I C K . —J. J.
Sp e a r s .
Mayor.
Brunswick is the county seat of Glynn County.
LOANS—
When Due. Tax valuation, 1891....$7.996,433
Cit y B onds—$138,150.
(?)
City tax (per $1,000) In 1889$! 2*50
Interest payable in Brunswick, Population in 1890 was..,...8,459
and New York City,
Population in 1880 was..., ...2,891
The sinking fund receives annually $1,000
JLMTHEWS,°Auaitor.
Columbus is the county seat o f Muscogee County.
LOANS—
When Due. |Redemption- Ro s ps :
When Due.
R edemption * Bnxns :
5s, J&J, $414.090....... Jan. 1.1894
7s, A&O, $30,800..Oct. I, 189(5-97 I
(Part each year) to 1909
PAR VALUE $500 and multiples o l the same. A ll issues carry ta x
receivable coupons.
INTEREST is payable at the office of the City Treasurer.
T O T A L DEBT on January 1. 1893, was $480,800.
The city has no water debt, no floating debt, and no sinking fund.
TAX FREE.—The city’s bonds are exempt from taxation.
C IT Y P R O P E R T Y .—Tbe city owns $28,000 of stook in the Mobile &
Girard ER., $11,500 of Gas Light Co. stock, and real estate and Im
provements valued at $389,000.
T A X VALUATION (about % actual valneira 1892 was $15,272,528,in
1891 was $13,932,584, in 1890 was $8,178,655; in 1889 was $8,001,300;
in 188$ was $7,418,005: in 1887 was $6,526,130. The city tax (per
$1,000) in 1892 was $7'50; State tax, $ ( ‘25; county fax, $2'15. In
1891 city tax was 87 50; State tax, $5'58: county tax, $2*75. The
valuation o f personal property assessed in 1890 was only $201,060,
and in previous years the amount was still less.
P O P U L A T IO N in 1890 was 17,303; In 1880 it was 10,123,
F L O Y D
C O U N T Y . — J. B. H
il l
, T re a s u re r.
County seat is Home.
Interest payable at Home, Ga.
LO A N S —
When Due.
Bonded debt Mar. 1893 .+57,500
B ridge B onds—
6s. J&J, $17,500....... 1893 to 1899 Tax valuation 1893.... .9,000,000
state & C<».«ax (per $1,000) .$11*00
($*2,500 due yearly.)
6s. J&J. $ 40,000...... 1900 to 1907 Population in 1+90 was......28,391
Population in 1880 was..... 24,418
($5,0 JO due yearly.)
5 a B. P R IP E . Mayor.
R. T fN S LE Y, Treasurer,
Mneon is the County seat o f Bibb County. In 1878 the interest on
some of the city's bonds was passed and in 1880 the entire debt was
funded into sixes. Since that date interest has been promptly paid.
The city proposes shortly to issue $412,000 for the building o f a sys
tem of water works.
F unded D ebt B okdf .
TOksm Due.
LOANS6s, Q —J, $545,800...-Jan. 1,1910
A s s n r v Roxps.*
M a r k e t H ouse BONus.t
fa, M&N, 2,000....... Noy. 1,1893
5 s ,..........$ 20 ,0 0 0............1 91 8
M A C O N .— u.
* The annuity bonds are endorsed by the Central Railroad, and the
*5,000 paid atamnlly by this railroad for the use of the city’s streets is
appropriated to the retirement of the loan.
I The market house bonds are ail held in the sinking fund.
INTEREST is payable in Macon and coupons are tax-receivable.
T A X FREE.—A ll o f tbe bonds are exempt from city tax.
BON 0 E D DEBT on January 1,1893, was $567,800. The city treas
urer appropriates $50,000 yearly for interest on the funded debt bonds
im l the creation o f a sinking fund for the payment o f bonds in 1910,
fh e sinking fund now holds $112,811.
ASSESSED V A L U A T IO N In 1892 was $15,133,228; total tax rate
(per$l,000), $23*50, including State and county tax, $11*00; city tax,
$12*50, In 1889, $11,300,423; city tax (per $1,000), $12*50. Real
e-tate is assessed at from ' wo-thirds to three-fourths of its aotual
value, in 1887 total assessed valuation was $10,186,850.
C IT Y PR O PE R TY.—D* 1889 the estimated value of public buildings
awued by the city was $108,000.
P O P U L A T IO N ,—The population in 1890 was 22,746; in 18801
was 12,749; in 1870 it was
R O M E , G A .
A ? N K n ^ t y C le r k .
Rome is tlio county seat of Floyd County.
TFAenDlt, - | 8 S E | | h ^ (F o n R ^ t n b 5
-> , Ji-J, $36,000......... Jan., 1912 |q ™
S
g £ f c . . . . J a m , 1909
* The water bonds are secured by mortgage on the **T
ater works,
IN T E R E S T >« payable in New York and Rome, and the coupons are
tax-receivable. Interest has been promptly paid since 1876, when the
,-itv made an adjustment of her debt.
BONDED D E BT oil April 1 1393 was $294,400, including the
cater debt of $84,600. The bonded debt in 1891 was $304,200. In
1895 the city w ill issue new bonds to take up the 8 per cents failing
due in 1896.
The sinking fund receives yearly $5,000,
W A T E R W O R K S owned by the city are valued at $150,000, and the
net earnings fox* the year ending A p ril 6 1892, after deducting running
STTfcTE
168
CITY B V f f i m t m
expenses and interest on the water bonds, were $5,000. Improvements
in the water works are now under way and will be completed this
year. I t Is estimated that the cost o f same w ill be $30,000, all of which
is to be raised by direct taxation. No bonds w ill be issued.
D E B T L IM IT A T IO N .—No liabilities can bo created by this city
until Its present debt is paid.
ASSESSED V A L U A T IO N o f real estate in 1892 was $3,500,000 5
personal property, $1,500,000; total assessed valuation, $5,000,000.
The actual valuation was estimated in 1892 at $5,500,000. The total
assessed valuation in 1890 was $4,600,000 and in 1889 it was
$4,300,000. The total ta x rate per $1,000 in 1892 was $21*00, inolu iinv State tax, $4*00; county tax. $7*00, and city tax, $10*00. City tax
rate (per $1,000) in 1890 was $10 00; in 1889 it was $10*00; in 1888 it
was $11*50.
The city’s charter limits taxation for all purposes to $12*50 per
$ 1, 000.
PO PU LATIO N in 1890 was 6,957; in 1880 was 3,877. A census
taken by the city since 1890 gives upwards of 10,000 population.
J. J. MCDONOUGH. Mayor.
S. H A R D E E , Treasurer.
Savannah is the county seat o f Chatham County. Prior to the year
1876 the city’ s bonds were all 7s, but since that date a compromise has
been made with the bondholders and all but $4,500 of the old bonds
have been exchanged for new ones bearing 5 per cent tax-receivable
coupons. The city o f Savannah is prohibited by law from issuing any
bonds in addition to those outstanding at present.
LOANS —
/ Interest.— s /
—
--------- P rin cip a l.--------- ■
>
NAME AND PURPOSE.
P. Ct. Payable. When Dae. Ouisland'g.
Redemption bonds................ 5
Q.—F.
Feb. 1. 1901 $3,200,400
do
do ................ 5
Q.—J.
Jan. 1, 1913
318,450
S A V A N N A H . — ^C.
P A R V A L U E O F B O N D S .—Bonds are for $100 and multiples of
that amount.
INTEREST is payable in Savannah and in N ew York at the office o f
Eugene K e lly & Co. Coupons are ta x receivable.
T O T A U D E B T , SINKING FUNDS, E t c — The subjoined statement
shows Savannah’s total municipal debt and the sinking fund held by
the city against the same on the first, of January o f each of the last
hree years.
1893.
1892.
1891.
Total bonded debt............. $3,525,450
$3,584,850
$3,615,850
Sinking funds...................
31,000
.................
30,000
N et deist on January 1. $3,491,450
.................
$3,585,850
THe sinking fund receives yearly $31,000.
W A T E R W O R K S .—Tlie water works owned by the city were built
in 1853-1, and subsequently improved at a total cost of $1,000,000.
D E B T L IM IT A T IO N .—The city is debarred by State law from issu
in g more bonds.
ASSESSED V A L U A T IO N .—The city’s assessed valuation (about %
o f its cash value) and tax rate* have been as fo llo w s :
Tax Rate
Personal
Total Ass.
Years.
Beal Estate.
Valuation.
P rop erty *
p er $1,000.
1892... ..$20,318,137
$15*00
$12,480,259
$32,798,386
1891... .. 21,400,000
11,200,000
32,600,000
15*00
1890... .. 20,000,000
11,800,000
31,800,000
1500
1889... .. 14,990,990
9,112,832
24,103,822
21*25
1887... .. 13,641,933
8,958,964
22,600,897
21*25
1885... .. 13,055,969
8,112,997
21,168,966
21*25
P O PU LATIO N in 1890 was 43,189; in 1880 It was 30,709; for 1893
it is estimated at 50,000.
State of Florida.
ITS
DEBT, RESOURCES,
E tc.
Organized as a Territory (A ct March 301822) - March 30 1822
Admitted as a State (Act March 3 1845)
March 3 1845
Total area of State (square miles)
58,680
State Capital - - - - Tallahassee
Governor (term exp. Tues. aft. 1st Mon. Jan. ’97) H. L. Mitchell
Secret’y o f State (till Tues. aft. IstMon. Jan. ’97) J. L. Crawford
Treasurer (till Tues. after 1st Mon. Jan. ’97) - C. B. Collins
Legislature meets biennially in odd years on the Tuesday
after the first Monday in April, and sessions are limited to 60
days.
LOANS —
- Interest.— , ,---------P r in c ip n l,-------—
NAME AND PURPOSE.
P. Ot. Payable. When Due. Outstand'g.
Consol, bonds o f 1871...........c 7
Jan. 1 Jan. 1, 1901
$350,000
Consol, gold bonds o f 1873...c 6g J & J Jan. 1, 1903
925,000
INTEREST is payable in N ew Y ork at National Park B an k ; also in
Tallahassee.
Coupons are ta x receivable.
T O T A L D E B T, ETC.—The total bonded debt on January 1,1893,
was $1,232,500, o f which $724,800 bonds were in State funds, leaving
$507,700 bonds in the hands o f individuals.
ASSESSED V A L U A T IO N .—The tax valuation o f real estate (inoludng railroads and telegraphs), personal property, total valuation and
State tax rate per $1,000, are given below for the years indicated;
Beal Estate,
Personal
IStale Tax
Years.
BR. & Tel'gh.
Property.
Total.
per $1,000,
1892..........$85,391,271
$32,976,743
$98,368,014
$5-50
1890......... 75,831,345
16,152,122
91,983.467
1888.......... ,67,687,365
19,865,081
87,552,446
4-00
1887......... 66,908,163
19,357,499
86,265,662
4*50
1886.............................
76,611,409
4-00
Property is assessed at about 35 per cent o f actual value.
Vol. L V I .
Valuation of railroads in 1892, $17,061,479; in 1890 $14,877,014; in
1888 $14,007,150.
PO PU LATIO N OF S T A T E .—Population in Florida has not as yet
reached very large proportions, but has more than doubled during the
last two decades. In 1830, which is as far back as the Census records
for the State go, numbers were only 34,730 and in 1840 they were
54,477. Even after the State’s admission into the Union the additions
continued comparatively small, the 1850 Census showing an Increase
only to 87,445. In 1860 the total was 140,424 aud in 1870 187,748.
From this, however, there was an Increase to 269,493 in 1880 and to
nearly four hundred thousand (391,422) in 1890.
1890.............. 391,422 1860................140,424 1830................ 34,730
1880.............. 269,493 1850............... 87,445
1870.............. 187,748 1840................. 54,477
In 1860-70 increase was 47,324, or 33*70 per cent; in 1870-80, 81,745, or 43*54 per cent; in 1880-90, 121,929, or 45*24 per cent.
The proportion of the colored population was 47*01 per cent in 1880
and 42*58 per cent in 1890. In number blacks were 40,242 in 1850:
62,677 in 1860; 91,689 in 1870; 126,690 in 1880; and 166,678 In 1890.
B A N K S -S T A T E , N A T IO N A L AND SAVINGS INSTITU TIO N S.
— Banks in Florida have been increasing in number and importance of
late years. There are now 19 national banks against only 5 in 1885,
while capital is $1,400,000 against $300,000, and deposits 4 ^ millions
against but a million in 1885. Under a new banking law approved
June 7, 1889 (chapter 3,864 Laws o f Florida) State banka have also
been increasing. According to the report o f the State Comptroller
there were Dec. 31,1892,11 such banks, h aving$335,000 capital and
$1,001,833 deposits.
. ---------- 1892.----------- .
,
----------1885.--------National.
Stale.
National.
State.
F l o r id a .
(Dec. 9, ’ 92.) (Dec.31.’92.) (Dec. 24.) (Apr.30’ 86)
Number of banks........
19
11
5
1
C a p ital........................$1,400,000
$335,000
$300,000
$50,000
Surplus and profits...
541,352
56,219
75,5 48
3,024
Deposits, individual.. 4.542,736
1,001,833
1,052,205
81,360
The State Comptroller also had returns o f tw o savings banks, with
$40,000 capital and $116,428 deposits December 31,1892.
C i t i e s , C o u t in e s
IN
asd
T
owns
THE
STATE OF FLORIDA.
D U V A L CO.—
LOANS—
County seat is Jacksonville.
Total debt Jan., 1893.. $225,000
T ax valuation 1892..... 8,801,768
Actual value................26,405,307
Popvlation in 1S90 w as___26,800
When Due.
R i s e r I m pr o v . B onds 1892—
6s, M&N, $225,000................ 1932
Optional after..................1912
F E R N A N D IN A .—
This is the county seat • ( Nassau Co.
LOANS—
When Due. I T ax valuation 1890—
$732,698
W a te r W orks—
Total ta x per $1,000..
$20-00
6 s,---- , $40,000...Mar. 15, 1909 Population 1890 was........... 2,S03
Total debt (last returns).. .$40,000 |Population 1880 w as...........2,562
t a
T7- o /~\-n t Y T T T 1 TT
( H E N R Y ROBINSON, Mayor.
J A C I v SjU JN V Il_ l_ t L ,. — |ED. C. H A R R IS , Comptroller.
This is the capital of Duval County. The bonds below described were
issued for drainage, w ater works and sewerage.
LOANS—
• Interest.— , ,
—
------------ Prin cip a l.--------— NAME AND PURPOSE.
P . Ct. Payable.
When Due.
Outstand'g.
f Jan. 15,1898, 1
Sanitary improvem’t bds.. 8
.J A- .1 ' subject to call > $200,200
( at any time. 1
INTEREST is payable in Jacksonville.
T O T A L BOND ED D E B T March 1,1893, $200,200; sinking fund,
assets, $1,980; net debt, $19.3,240; water debt, included in to ta l
debt, about $120,000. Floating debt, $52,295*16. On March 1,1892.
the bonded debt was $210.201; floating debt, $13,633.
ASSESSED V A L U A T IO N in 1892 o f real estate $L0,o35,7O0; of
personal property, $2,505,100; total, $12,510,801. In 139 L real estate,
$10,106,400; personal property, $2,463,270; total, $12,574,670; tax
rate for city purposes (on three-quarters valuo o f property), $11-50
pev$l,000; State and county tax (one-third value), $16-50 per $1,000;
total ta x (per $1,000), $28-00.
P O P U L A T IO N in 1890 was 17,201; in 1880 was 7,650; in 1870
was 6,912. A recent census taken by the city Board of Health shows
the present population to be 22,000.
JEFFERSO N
C O .— W. M.
G ir a r d e a u ,
Treas.
County seat is Mouticello.
Bonded debt Jan., 1892. $67,700
County lias no floating debt.
Sinking fund (about)......
7,000
Net debt 1891 (about)...
60,700
T ax valuation, real....... 1,014,970
T ax valuation, personal. 608,135
Total valuation 1891.. .$1,623,105
Assessm’t about % actual value.
State tax (per $1,000)..
$5 50
County tax (p. $1,000).
$11 00Population in 1890 wa-s.......15,757
Population in 1880 was.......16,065
K E Y W E S T . - W. D.
Ca s h ,
Mayor.
This is a port o f entry and the county seat o f Monroe County.
/ Interest.— « ,
—
, --------Prin cip a l.---------LO ANSP. Ct. Payable. When Due. Culstand'g.
NAME AND PURPOSE.
5
May 1 May 1, 1920
$100,000
City bonds o f 1890—
..................................................
58,000
Market house...........
IN T E R E S T is payable in N ew Y ork City.
T O T A L BO ND ED D E B T (last returns) was $158,000.
ASSESSED V A L U A T IO N in 1S90 of real estate was $2,998,700; of
personal property $262,150; total $3,260,850; tax rate (per $l,000i
$10*50. Actual value o f property in 1890 about $4,565,000.
P O P U L A T IO N hi 1890 was 18,080; iu 1880 was 9,890; in 1870 was
5,016.
April, 1893.
ALABAMA— BEST Of STATE.
H R I A Tsl F i O
$ "• L- PALMER. Mayor.
U K L A 1 N
— j\v. k . BARNE-, Treasurer.
Tills Is l ie couuty seat of Ornate Couuty.
LO AN S—
When Due. | School P urposes —
F loaTIso D ebt—
I 7 , J a D, $15,000......Deo. 1. 1908
7s, JF1), $10,000......Dec. 1.1908 |subject to call after D e. 1, 1398.
Subject to call after Dec. 1,1398. I Bonded debt June 1,'92. $00,000
UtXEKAL R evenue —
: Floating debt........ .....
5,000
7s, JAJ, $5,000........ July 1. 1917 |Total debt June 1.1392.
05.000
S iject to call after 15 years.
Tax valuation, real...... 1,350.855
PC' Lie IxrKoVfcMEXT—
Tax valuation.personal. 202,901
7*. M a N , $15,000— Nov. 1,1911 | Total valuation 1391... 1.013.750
7~, JAJ, 15,000..... July 1, 1917 I Asseswiueut same as actual value.
Subject to call after 15 years.
City tax (per $1,000)___
$10'00
IPopulation in 1390 was........ 2,850
INTEREST 1* payable at t ie National Bank of Deposit, New York
City.
P A L A T K A . — M a r t in
Gr
if f in
,
Treasurer.
This i» the county seat o f Putnam County.
LOANS—
ITAm Due. j T ax valuation in 1890. .$1,100.000
•Bu . iis T') R e t ir e I ndebtedness- ! Assessment al»mt
n
actual value.
7a, Jan.. £45.000....... Jan. 1, 1909 i T otal tax per £1,000 1891.. .25*25
." . . r to rail it 110.
Population 1*90 was............3.039
Total debt Apr. 1, 1892--- £48,500 |Population 1880 was............. 1,610
* Exempt from town tax.
IN T E R E S T l i payable in Palatka and N ew York.
State of Alabama.
ITS
D E B T , R E S O U R C E S , E tc.
Organized as a Territory (Act March 3,1817) - *A uk. 15,1817
Admitted as a State (Act March 3,1819)
Dec. 14. 1819
Total area of S ate (square miles)
.
.
.
.
53,250
State Capital Montgomery
Governor (term expires Dec. ( 1894) Thomas O. Jones
Secretary of State (term expires Dec.f 1894) - J. D. Barron
Treasurer (term expires Dec.f 1894)
- J. Craig Smith
Legislature meets biennially in even years on the Tuesday
after the second Monday in November, and sessions are
limited to 50 days.
*TUI* U date when the Mississippi Constitutional Convention com
pleted IU laiH.r*. the Act nstablUhiug the Territorial Government of
Alabama havtiijr provided that the Act wm eomtuenre and p Into
ro
fore© when the ConstUutk*n*l Couveutlou of MlMtiiMtliipi had •• formed
“ a Constitution and Mate Government for that part or the Mississippi
** Territory lying u e*t of the territory herein defter!b d *
e .*
f Term U two yearn from time of tnataliatlon in office.
HISTORY OF DEBT.— Alabama*# debt history begins with the his
tory of th Bank and Branches which were authorized by the constltu*
*
tUm of 1819, the constitution that was framed and adopted at the time
of the organization of the State. The provisions referred to In that In
striiment gave the Legislature power—
(1) To esUhlbli one State Bank with as many Branches 1 as the Gen*
1
«ral Assembly may from time to time deem expedient,"
(2) With at least two-fifths of the capital stock reserved for the State,
t he state and Individual stockholders being liable for the debts In pro
portion to their stock,
(3 And also to adroit “as Branches, upon such terms asthe Legislature
and said Banks may agree," the three banks theretofore organized
under the Territorial Government, one at Huntsville established iu
1816, one at 5t Btepheus established In 1818, and one at Mobile estab
lished in 1819.
The first law pasted under the foregoing provision was on December
21, 1820, authorizing a State Bank to be established, located at
Cabawba, with a capital stock of $2,000,000, one-half of the stock
being reserved to the State. On December 20, 1823 (the State Bunk
authorized in 1620 not having been organized), another act was
p^'-M'd to establish the State Bank of Alabama, the faith and credit of
Utoftato being pledged for its support* The capital stock was to con
sist < ) of moneys (not to exceed $100,000) received from sale or rent
1
of land granted to the State by the United States for educational pur
pose*, for which moneys the State was to Issue to the University of
Alabama It# 6 per cent bond, the interest to be forever applied to the
ass of the seminary; (2) of other moneys received from the United
States, the net proceed* of lands sold in Alabama, Ac.
Under thl* law the State's first issue of bonds was made—the issue
was In 1823 for $100,000, redeemable In ten year#.* In 1828 the Bank
was removed from Cahawba to Tuscaloosa. Another Issue of 6 per
cent bond- was uulhori/ed January 12, 1828, for $100,000, re
deemable In twenty years. January 21, 1832, State bonds to the
amount of $300,000 were authorized, bearing 0 per cent Interest. Sooo
after this date branch?* were established at Decatur (Nov. 10, 1832),
at Mobile (December t, 1632),at Montgomery (December 12, 1832) and
at Huntsville (January 10, 1835), each of \ nich was through State
aid mol* rnurh iargr-r than the parent lm.r.ltution. Altogether Un
deM «f Alabama most have grown rapidly, for we find in a report m
ade
to Comptroller Flagg of tb * Mato of Sew York in 1839 (who at that
*
date undvr th(* direction of the New York IkCglslature gathered statis
tic* from all the State# respecting their State debts) that the out
standing Imnds of the State January, 1838, reached $10,800,000 Issued
for banking purposes and $3*000*000 for railroads. In 1837 the totaj
hanking capital of the State was report* d at $14,458,989.
169
It is unnecessary to relate here tlie subsequent history of the banka
in detail. Nothing more on the subject is required for our present pur
pose than to note that the State Bank and its Branches failed, went
into liquidation in 1844, and were wound up by the State, it being
apparently the only stockholder. A fte r the State took possession of
these Banks the decrease o f the debt was quite constant, at first slow
but subsequently rapid. The bonded debt in November, 1847, was
£9,232,555*55. In November, 1858, it was £4,423,000*00. A t the latter
date the State also had available assets to the amount of £2,492,000.
At the State Convention held in 1865, just after the close of the war,
the old debt was declared to have been when the war broke out
£3,445,000; as the debt incurred during the war was in accordance
with the requirement of the United States Government invalid, the
only obligation outstanding in 1865 was the amount above specified.
For some years after the close o f the war the State Government fell
into the hands of a class of men who managed its financial affairs
loosely, extravagantly, and, in some cases at least, dishonestly. The
earliest evidence o f this extravagance is found among the acts o f the
General Assembly in 1865, one of which dated December 15 authorized
an issue o f £1,500,000 bonds for the purpose of meeting appropriations.
But it was not until 14 months later that the reckless railroad policy of
the newly-organized State had its inception. On February 19,1867, an
act was passed granting aid to all railroads which might be built in the
State by endorsing the bonds of snob companies in the sum of £12,000
per mile for each section of 20 miles of road built. In August, 1868,
this act was amended so that after the first 20 miles were completed
the endorsement should be granted for each 5 miles finished; and in
September, 1868, tlie endorsement was increased to £16,000 per mile.
The risky and venturesome policy here outlined did not disclose its
real nature until 1870, when the Alabama & Chattanooga Railroad d e
faulted on its interest and the State as guarantor was called upon to
make the contract good. Of course that contingency had not been con
templated and no preparation had been made by the guarantor to fulfi
its promise. Hence the payment of the interest on the company’ s
bonds falling due January, 1871, was delayed until April for legislative
authority, and thereafter was met until July 1,1872. The State now—
realizing not only the extent of the obligations it had put out but also
the situation o f its half-finished internal improvements—set to work in
an attempt to recover itself and restore its credit. The default on the
guaranty had taken away in largo part the value to the railroads of the
State endorsement; consequently, to prevent the railroad work stop
ping and at the same time with the hope of decreasing the State’ s
guaranty, the Legislature passed another act offering to substitute
State bond# at the rate of one for every four o f the endorsed bonds re
turned by roads having them, and also at the same rate to issue State
bond# In lieu of the sixteen bonds promised per mile for roads still in
progress. But this arrangement was never, except in small p art,
carried through, the State having defaulted on all its interest in Janu.
ary, 1874.
A t about this date a now spirit became the dominant spirit in
Alabama. Since the war the debt-makers had been in control; now the
debt-payers came Into power. But while it was out of the question to
permit a continuance of the then existing condition of the finances
It was clearly impossible to undertake to pay 30 millions o f dollars
(which was the amount of the liabilities direct and indirect) with a
total State property valuation o f only 130 million dollars. Under
these circumstances one of the first acts was to call a convention and
frame a uew constitution prohibiting future debt-making and putting
the State on the most economical basis practicable. This convention
met at Montgomery September 6,1875, completed its labors October 2
1875, the constitution framed being ratified by a vote of the people
November 16, 1875. Subsequent steps for adjusting the old debt we
need not recall except to say that commissioners were appointed on
the part of the State to propose a settlement, that negotiations were
carried on with the bondholders, that a settlement was affected, and on
February 23 1876, an act was passed authorizing an issue and
exchange of the State's securities in accordance with the agreement
made. The total debt as thus adjusted and authorized was £9,636,000>
including £1,000.000 outstanding State certificates of indebtedness
bearing 8 per cent interest, commonly called “ State notes.” Since
then interest has been paid regularly and the contract faithfully met in
all respects. In 1879 the property valuation had fallen to £123,757,072; from that date it has increased year by year, so that now instead
of a tax rate o f 7hs mills, as it was in 1876, it is only 4 mills.
-Principal,. -Tnlerest.LO ANSWhen
P. — Payable.
Mt anu ruuruob.
. • Ct. * ...................-Due. OutstantVg.
*ME AND PURPOSE
b'n bonds,Class" A " 1S76 4-5 J & J July 1. 1990 $0,798,400
do
Jsis ?
Class “ 0 " 1876 4
J | j S3?}; 1 8
88
Sefgg
PAR V A L U E O F BONDS—'Class A bonds a re £100, £500 and £1,000
Classes B and C bonds £1,000, and tho funding 4s £500 and £1,000.
IN T E R E S T —Interest is payable in New York at the American
Exchange National Bank and in Montgomery. Cla«s A bonds bear 4
per cent Interest till July, 1896, thereafter 5 per cent,
T O T A L DEBT — Alabama’s total bonded debt on October 1
1892, was £9,293,400-bonds to be issued £249,600. Class A bonds
may be increased £201,600, Class B £18,000, Class C £30,000, al
in exchange for existing indebtedness.
ASSESSED VA LU A TIO N .- The folio wing table shows the valuation
o f property, rate o f taxation and amount o f taxes each year from
1876.
Amount o f
Valuation of
Taxes.
Tax Rate.
Property.
Tear.
$1,048,899*00
4 Mills
£260,926,127*00
1892.
1,107.388*00
4
do
275,316,491*00
1891.
1,042,618*03
4
do
258,979,575*41
1890.
1,113,308*70
4*2 do
. 245,917,517*41
1889.
1,153,391*74
5
do
. 228,869,041 00
1888.
•These bonds were paid in 1834 under direction of the Legislature by
the State Bank out or its capital.
170
Tear.
S W E AND CITY SU-mEMETIT,
Valuation o f
JYoperty.
Tax Hate.
1887........... ...........$214,925,809-00
5*2
1886........... ........... 173,808,097*00
6
6
1885........... ........... 172,528,933*32
1884........... ........... 167,124,594*19
6*2
1883............
(Pa
1882............
6^a
G^a
1881........... ........... 152,920,115*14
1880............ ........... 139,077,328*22
6*2
7
1879............
7
1878............ ........... 126,773,262*85
7
1877............ ........... 130,799,138-57
1876............
7*a
P O PU LATIO N OF S T A T E .—Population
do
do
do
do
do
do
do
do
do
do
do
do
Amount o f
l uxes.
$1,201,386*56
1,043,967*88
1,041,897*74
1,087,081*43
1,031,068*11
984,883*58
1,035,915*05
908,678*55
866,299*51
887,412*84
915,592*97
1,016,518-44
in Alabama in recent
years hits received a stimulus from the great mineral development going
on In the State. The Stato originally formed part o f the old Mississippi
Territory, which embraced the tract of land between Georgia and the
Mississippi R iver now composing the States o f Alabama and Missis
sippi. A separate Territorial Government for Alabama was established
in 1817, an'd in 1819 the people wore endowed with the privileges of
Statehood and the State admitted as a member into the Union. It
appears that in 1800 there were 1,250 persons within the present
bordora of the State and in 1810 9,016 persons. The Census of 1820,
the iirst taken after the establishment of the State as a separate politi
cal entity, showed a population of as much as 127,901. Thenceforward
numbers gained very fast, there boing an increase to 309,527 in 1830,
to 590,756 in 1810, to 771,623 in 1850 and to 961,201 in 1860. The
Civil War occasioned somewhat o f a check between 1860 and 1870, so
tu that decade there was an increase only from 961,201 to 996,992*
By 1880, however, the total had advanced to 1,262,505, and in 1890
the Census return showed that the 1*2 million mark had been passed.
1890........... 1,513,017 I 1860.............. 961,201 1830.............. 309,527
1880........... 1,262,505 1850.............. 771,622 1820.............. 127,901
1870........... 996,992 | 1810.............. 590,756 1810..............
9,046
In 1860-70 increasewas 32,791, or 3*40 p ercen t; in 1870-80, 265/
513, or 26*63 per cent; in 1880-90, 250,512, or 19*84 per cent.
The proportion o f the colored population was 47*53 per cent in 1880
and 45*01 per cent in 1890. In number, blacks were 315,109 in 1850;
437,770 in 1860; 475,510 in 1870; 600,103 in 1880; and 681,431 in
1890.
B A N K S -S T A T E , N A T IO N A L AND SAVINGS IN STITU TIO N S.
— The industrial development wliioh has occurred in Alabama during
the last few years is indicated in the coincident extension of banking
oapital and facilities. As against only 10 national banks in 1885 there
are now 29; and agaiust $1,735,000 capital the amount has increased
to $3,919,000, while deposits have risen from $2,307,820 to $5,570,612.
The U. S. Comptroller of the Currency also reports 13 State banks
wliioh, June 30,1892, had $748,050 oapital and $705,691 deposits.
-1892.-1885.National.
Stale.
National.
State.
A lab am a.
(Dec. 9, ’92.) (June 30, ’92.) (Dec. 24.)
Number of banks.
29
13
10
___
Capital..................$3,919,000
$748,050
$1,785,000
.................
Surplus & profits. 1.690,041
112.331
650,266
.................
Deposits, individT 5,570,612
705,691
2,307,820
.................
This exhibit shows 42 State and national banks, with 4% million
dollars capital and 6i± million dollars deposits.
C i t i e s , C o u n t ie s
and
T
Vol. L Y I.
$1,000.1, $13-50. The total assessed valuation in 1890 was $16,000,000.
Property i.- assessed at about one-third of its actual value.
P O PU LA TIO N in 1890 was 26,178; in 1880 it was 3,086.
E U F A U L A .—
B.
E dw ard
This city is in Barbour County.
LOANS—
When Due
Y
oung,
Treasurer.
Total valuation 1892...$1,698,000
R a il r o a d A id B o n d s Assessment is - actual value.
6s, J&J, $70,000....... Jan. 1, 1897 State & Co. tax (p. $1,000)...$8*00
Total debt A p ril 1,1893. $70,000 City tax (per $1,000)............. 8*50
T ax valuation, re a l....... 1,034,000 Population 1890 w as............ 4,394
Tax valuation, personal. 664,000 Population 1880 w as.............3,836
INTEREST ia payable at City Treasurer’s office, Eufaula. Coupons
are tax receivable.
F L O R E N C E . —R obert
A
ndrew s,
Mayor.
Florence is the county seat o f Lauderdale County.
LOANS—
When Dae. T ax valuation 1891 ....$3,021,812
S e w e r , & c ., B o n d s —
Assessment about % actual value.
6s, M&N, $25,000...... M ay 1, 1900 State and county tax (per
6s, J&J, 25,000....... July 1, 1900
$1,000) 1890....................$14*00
Bonded debt Jan. 1, 1892..$52,000 Population 1890 w a s ......... 6,012
Floating debt ab ou t.........
8,000 Population 1880 w a s ......... 1,359
Total debt Jan. 1 ,1 892.... 60,000
INTEREST is payable in Now York at Chemical National Bank,
H T T M T Q ' \ 7 'T T T T7
5 JERE. M U R P H Y , Mayor,
r l U IN 1 o V 1
1
— \a .
RIHON, Treasurer.
This is the county seat o f Madison County.
LOANS—
When Due. Total debt Feb. 1,1893.. $65,000
M u n ic ip a l B o n d s T ax valuation 1892...... 2,603,010
68, ....... ,$27,000.......................... Actual value “ about $3,500,000.”
W a t e r B o n d s (1st m o r t . ) —
$10*00
Total tax per $1,000......
6 s ,....... ,$15,000...........
1907 Population 1890 was....................
Subject to call after 1897.
Population 1880 was___
4,977
Coupons are a ll tax receivable.
J E F F E R S O N C O .—K. F.
H
a w k in s
County seat is Birmingham.
LOANS—
When Due.
,
Treas.
Valuation, etc.—
Co u r t H ouse a n d J a il —
T ax valuation, re a l...$24,761,797
6s, J&D, $200,000....Dec. 1, 1917 Tax valuat’n, person’l 12,400,881
6s, M&S, 200,000___Mar. 1, 1919 Total valuation 1892.. 37,162,678
Ja il an d A lm shou seAssessment is *2 actual value.
68, F&A, $25,000...... Aug. 1, 1905 State tax (per $1,000)........ $4*50
Subject to call at any time.
County tax (per $1,000)___ 3*50
R o ad B onds—
Average school t a x ............
*50
68, M&N, $50,000...... Nov. 1. 1919 Population 1890 was.......... 88,501
5s, J&J,
50,000......July 15,1920 Population 1880 w a s ..........23,272
5s, A&O, 100,000....Oct. 1,1921 Debt per capita 1890......... $5*37
Total debt March 1893. $625,000 Debt per capita 1 88 0 .........
1*55
INTEREST on all the bonds is payable in N ew Y o rk ; on 6s due
1905 and 5s due 1920 at H anover National Bank; on 6s due 1917 at
National Park Bank; on 6s due 1919 at F irst National Bank.
M A D I S O N C O . - F , J.
County seat Is Huntsville.
LOANS—
When Due.
R o ad B onds —
5s, J&J, $50,000....... Jan. 1, 1919
Optional after Jan. 1,1909
5s, J&J, $50,000....... Jan. 1, 1929
Optional after Jan. 1,1919
K
elly,
Treasurer,
Old debt fis.due,95&1900.
$6,000
Total debt Jail. 1893.... $106,000
Tax valuation 1892........ 6,973,284
Population in 1890 was____38,119
Population iu 1880 was...... 37,625
M O B I L E . —Jos. C. R ic h , Mayor.
owns
Mobile is the county seat of Mobile County. Tills city lias paid its
interest regularly since the compromise with Its bondholders in 1881.
LOANS—
.— Interest.— , ,---------- P rin cip a l.--------NAME AND PURPOSE,,^
P. Ot. Payable. __When Due. Outstand'g
When Due.
STATE OF ALABAMA.
Funning bonds o f 1881.
4-5 J '& J Jan. 1, 1906 $2,289,691
Subject to call at 100.
P AR V A L U E O F B O N D S —The bonds are for $500 each.
A M \T i cr n p K T
SJAMES NO BLE, Mayor.
A i N IN l o l U i N . — l p. U. BROWN, Treasurer.
IN T E R E S T is payable iu Now York City at tlie Tradesmen’s National
Anniston is in Callioun County. A new loan of $23,000 for school Bank; also iu Mobile. The bouds boar 4 per cent to Jan. 1, 1901;
purposes w ill soon he issued by this city.
thereafter 5 per cent.
T O T A L BO ND ED D E B T (last returns) was $2,289,691. Of the
P u b l i c B u i l d i n g s , & c .—
LOANS—
When Due.
F u nd ing B onds 1893—
6s, J&D, $100,000....June 1,1917 funding bonds of 1881 about $250,000 stand better in the market
6a, MAS, $30,000.... Mar. 1,1913
S e w e r s , s c h o o l s , & c .—
6s, var., $150,000...........var. 1919 than tlie rest because they are endorsed with the. statement, that
they represent the purchase money for oertaiu wharf property and are
I N T E R E S T is payable in N ew York and Anniston.
T O T A L bonded debt on December 1,1892, was $250,000; floating secured l>y a vendor’s lien on said property. A n act of the Legislature
debt, $.5,000; total debt, $275,000. A ll bonds o f this city are exempt requires the city to le vy a tax of % o f one per cent on its valuation to
provide for the payment o f principal and interest o f the bonds o f 1881.
from taxation.
ASSESSED V ALU A TIO N in 1892 o f real estate was $5,160,148; A fte r the payment o f interest the surplus remaining from this ta x Is
o f personal property, $1,439,956; total, $6,600,104; tax rate per $1,000, applied to the redemption o f the bonds, after drawing by lot, at par,
$14 00, of which $9-00 for State and county ta x In 1891 the total as bouds so redeemed being canceled.
ASSESSED V A L U A T IO N in 1891 o f real estate was $9.219,645; o f
sessed valuation was $7,857,070; in 1889 it was $3,539,279; in 1888
It was $2,093,130. Property is assessed at about h' of its actual value- personal property, $4,447,905; total, $13,667,550.
P O P U L A T IO N —The population in 1890 was 31,076; In 1880 was
P O P U L A T IO N .—The population in 1890 was 9,998; in l8 8 0 it w a s
29,132; in 1870 was 32,034.
942.
IN T H E
B IR M IN G H A M .- {
Birmingham is in Jefferson County.
LO ANSWhen Due.
LOANS—
When Due.
F u n d in g B o n d s 8s, A&O, $10,000....................1904
78, J&D, $60,000 g .................1916 8s, A&O, 30,000....................1905
M a r k e t H ouse Subject to call after 1895
78, July, $10,000....... 1900 & 1915
Sa n it a r y B onds , 1887—
P u b l ic I m p r o v e m e n t —
6s, A&O, $50,000....................1 9 1 7
6s, M&S, $300,000 g .............. 1919
Sa n it a r y & B u il d in g —
6s, MAS,
200,000.............1921 6s, M&S, $50,000................... 1917
6s, J&J,
150,000 .............1922 6s, M&S, 50,000........... •... .1918
5s, M&S, 200,000 g .............1920
Sc hool B onds —
5s, M&S,
100,000.............1921 7s, July. $20,000.................... 1915
Sa n it a r y B onds—Se ries i .-i v ,— 6s, J&D, 25,000.................... 1918
8s, Jan.,
$10,000.............1903
INTEREST is mostly payable either in N ew York or Birmingham.
Coupons are all ta x receivable.
T O T A L D E B T, E t c .—T he total bonded debt on Jan. 1,1893, was
$1,265,000, agaiust $030,000 Jan. 1,1890; floating debt, $50,000.
ASSESSED V ALU A TIO N in 1892 o f real estate was $17,000,000;
of personal property, $2.500,000; total, $19,500,000. T ax rate (per
M O B I L E C O U N T Y . —S. G.
St o n e ,
Treasurer
County seat is Mobile.
LOANS—
When Due.
To P a y D e b t —
8s, F&A, $25.000...... Feb. 1, 1909
R
e f u n d in g
—
6s, M&S, $143,000....Mar. 1,1908
5s, J&D, 169,000... .June 1, 1.911
Valuation, etc.—
Total debt (last returns) $337,000
T ax valuation 1892 ....17,482,948
State, county & school
tax (per ($1,000)......
$9*50
Population 1890 w a s...
51,587
M O N T G O M E R Y . — R. H.
S o m m e r v il l e ,
Treas.
Montgomery is tlie Comity seat o f Montgomery County.
Interest has been paid promptly since the compromise in 1877.
c S a n it a r y Se w e r a g e LOANS—
When Due.
a .C o M PR O M IS E R R . B O N D S —
Os , J&J, $150,000 ... .May 1,1918
5s. J&J, $469,100...... July 1, 1897
d S t r e e t s , S c h o o l s , & c .—
bM a r k e t H ouse B onds—
6s, J&J, $95,000....... Jau. 1,1921
5s, J&J, $80,950........July 1,1897
a $50. $500 and $1,000. b $50 and $500. c $500 and $1,000. d $1,000
INTE R EST is payable In N ew York. Coupons are tax receivable.
T A X FREE—AH bonds Issued by this city are exempt from taxation.
T O T A L BONDED DEBT Jan. 1, 1893, $793,050. The city’s bonds
A p r il,
IVflSSJSSlffJ— DEBT Of ST/VT£-
1893.
are exempt from city tax. The city owns $48,000 South & North Ala
.
bama KK. bond*.
ASSESSED V A LU A TIO N .—In 1892 of real estate $8,070,700;
of personal property. $3,72-1,210; total, $11,794,916; total tax rate
per $1,000, $19*75, thU Including State tax, $4*50; county tax, $4 00;
city tax proper, $11*25. Property assc.-sed at about S uf its
g
actual value. In 1890 real estate, $6,074,811; personal property
$3,507,739; total. $10,182,550; total tax rate (per $1,000), $19*25*
Property Ls assessed at about ^ of its actual value.
PO 3ULATIO N.—I** 1890 It vaa 21,883, iu 1880 it was 16,713; In
1870 it was 10,588.
S E L M A . — H . H . Stew art , Mayor.
Selma la In Dallas County.
LO AN S—
When Due. Tax valuation 1892-3..¥4,037,909
BtPt'MiISO B SDS—
Assessment about 2 actual value.
3
ax rate (per $ 1.0 0 .........$20-00
0)
4*. J.v.l, $.*83.000......July 1,1919
Fluatlng dent....... .......... $2,800 Population in 1890 was.......7,022
Total debt Dec. 1892....... 4s5,800 Population iu 1880 was....... 7,529
S H E F F I E L D . —J. V.
A l l e n , Mayor.
Sheffield U In Colbert County.
LOANS—
When Due. I Tax valuation 1889— $1,897,060
Ss, aemi-an, $19,000 ............ 1909 Total tax (per $1,000).,
$13-50
INTE R EST payable iu X. V.
1Population 1890 was........... 2,731
T R O Y . — C h a r l e s H e n d e r s o n , M a y o r.
Trojr 1* the oouuty seat of Pike County.
LO ANS—
When Due. |Total debt 0ept. 1891..... $52,500
Elkctku ; L lr;nT—
Tax vai iatiou. 1890......1,305,375
FJtA, $20,tXH)......Feb. 1,1911
A*-<e*«meut in % actual value.
R u i .roah A ik —
I Total tax (per $1,000)...
$19*50
Mar., $32,500,1-20 payabley'ly I Popolat’on 1890 was........... 3,449
|Population 1880 was........... 2,294
INTE R EST on 64 In payable in New York; on 5a in Troy.
The railroad aid bond* are provided for by a levy and collection of
special tax for that purpose.
The city awn* the electric light plant, and the revenue derived from
ncandeneeut lighting defrays expense* of running, pays interest, and
rovidee a residue to pay bo ads at maturity.
T U S C A L O O S A . — This city is in Tuscaloosa Connty.
Total debt 1*93............ $112.000 t Real valuation............. $4,500,000
Tax valuation..............2,000,000 |Population (about).............. 6,500
State of Mississippi.
171
diately upon the opening of the subscription books, State bonds for
$5,000,000 should be turned over to the Bank in exchange for that
amount of stock. Another reason advanced was that the original act laid
down certain conditions,—precedent to the making of the loan. These,
it was maintained, had not been complied with, excepting perhaps one
or two of minor importance. Furthermore, it was stated that the sup
plementary act, to all intents and purposes, repealed the first act, and if
so its passage wascoutrary to parliamentary law, which forbids the pass
ing and the repealing of a law at one and the same session of the legis
lature. Finally it was claimed that the bonds had not been sold at par
as required by the act, accrued interest not having been added to their
face value in making the sale; but this claim hardly could have been
urged seriously, inasmuch as the first legislature to meet after the sale
took place declared the sale to have been highly advantageous to the
State and the Bauk. bringing timely aid to an embarrassed community.
As to the passage of the act authorizing the bonds granted to the
Planters’ Bank, no fault at all was ever found. In 1839 the State
transferred its stock in the Bauk, and all other obligations received in
virtue of its subscription thereto, to the Mississippi Railroad Company.
This company became bankrupt, and the State thereupon ignored the
existence of the bonds with which it had paid its subscription to the
Bank's stock. At length, in 1875, the new Constitution then ratified
declared that the State should never assume or redeem any indebted
ness claimed to be due ou “ bonds known as the Union Bank bonds or
Planters’ Bank bonds.”
The subsequent history of Mississippi's debt down to 1880 is devoid
of interest, for, with the exception of its indebtedness to school, semi
nary, *S funds which, iu fact is nothing more than a promise to pay
tc.,
a certain sum yearly for the support of those institutions, the State
at uo time had a debt worth mentioning. In 1880 the total recog
nized debt, other than to these funds, was $379,485. The bonds repre
senting this all matured on or before January 1,1883. In March, 1884,
however, $153,500 live per cents were issued; In March, 1886, $500,000
Mx percents; In March, 1888, $103,000 four per cents. In 1890, also,
/lie legislature authorized the Treasurer to issue $500,000 of four per
ent bonds, •*whicluT the Treasurer writes, “ I will not do. Instead of
issuing more bonds I have called for payment all the five per cents.”
LOANS—
'— Interest.—s ,--------- Principal. --------NAME AND PURPOSE—
P'C l. Payable. When Due. Outsland' q .
State Bonds, 1886............... 6
Jan.
Jan. 1, 1907
$500,000
Do do
1880............... 4
Jan.
Jan. 1,1919
103,000
INTEREST is payable in Jackson.
T O T A L DEBT.—1he subjoined statement shows Mississippi's total
T
bonded debt ou the first of January of each of the last two years:
1891.
1890.
Total bonded debt exclusive of soliool funds, etc. $603,000 *$724,500
'This does not include $175,000 State bonds held In the treasury oa
account of Insurance deposits.
Besides the debt indicated above the State Is responsible to special
D E B T , R E S O U R C E S , E tc.
ftmAe for amounts as follows: Chickasaw School Fund $831,606;
•Apr. 7. 1798 Seminary Fund $544,001; Common School Fund, old account, $817,646;
Organized as a Territory (Act Apr. 7, 1798) Agricultural College Land Scrip (represented by bonds due Jan. 1,
- Dec. 10, 1817
Admitted as a Slate (Act March 1,1817)
1896) $227,150; total $2,420,464.
46,810
Total area of State (square miles)
Tlie Constitution of the State interdicts the payment of tlie so-called
Jackson *• Union Bonk” and “ Planters’ Bauk” bonds.
State Capital
ASSESSED VALUATION.—The State’s assessed valuation and tax
John M. Stone
Governor (term exp. 1st Mon. Jan. 1896)
Secretary of State (term ex. 1st Mon. Jan. 1896), G. M. Govan rate have been as follows:
Total Assessed Tax rate
Personal
Heal
Valuation, p er $1,000
Properly.
E)la>e.
Treasurer (term expires 1st Mon. Jan. 1896) J. J. Evans Year).
$167,109,503
$3*50
$50,412,468
1*01 ........... $110,(107,035
165,847,334
4*00
49,767,877
Legislature meets quadrennially in leap years the Tuesday 1800............ 116.070,457
157,518,906
4-00
44,323,320
1880............ 113,195,586
133,706,779
4*00
after the first Monday in January, with a special session the 1888............ 00,085,607
42,721,082
129,887,254
3*50
second year following the leap year. Regular or quadrennial 1887..............................
In 1889 there were 1,386 miles of railroad in the State and the rail
session., are not limited, but special sessions are limited to 30 road companies paid a State tax of $151,506.
days, unless the Governor by proclamation shall extend the
POPULATION OF STATE .—The State of Mississippi as we know
sitting, and only revenue and appropriation bills can be con it to day is not identical with the old Mississippi Territory, which em
sidered, •' except such other matters as may be acted upon at braced Alabama as well as Mississippi. The separation was made In
1317, the western half of the Mississippi Territory being then erected
an extraordi lary session called by the G jvernor,
into a State and the eastern half being constituted the Territory of
Thin la til date of the organization of the old Mi* >fft*ipfri Territory, Alabama. Disregarding the persons located within the latter, popular
r»l up into two part* when the State ras created.
rhich waa div
tton of Mississippi was 7,600 in 1800 and 31,306 in 1810; in 1820 the
aggregate was 75,413: by 18to numbers had risen to 375,651 and 1860
H ISTO R Y OF DEBT.- -The history of Mississippi's debt Is practl saw tlie aggregate up to 791,305. During the next decade the net ad
cally confined to tlie liistoi v of two leans. These were made, following I dition was small on account of the occurrence of the Civil War, and the
the example of noighttorln f States, In aid of certain banks, which were 1870 Census gave the total 827,922. In the decade to 1880, however,
te the i * '» Industries. One. the Planters’ there was a jump to 1,131,597 and in 1880-90 there was a further intfl
expected gr<>»
i four millions of capital, of which crease to 1,289,600.
<
\
1829 i
Bank, wa* Inc
per cent bonds Iu payment. The 1800
1,289,000 11860........... 791,305 11830........... 136,621
the Slate took
..............
75,44$
orDed capital of $15,500,000; of i«8 i» :::::::::ii3 i:5 9 7 ! iso............. 006,526 1320
B»
other, the Un
-/»
i n .......... 375,60 I lblO...........
I
ol.oUo
(under acts of 1837-38). making wh, i 860-70 In0.17 09')w ia l a36.617, or 4*63 per cent; in 1870-80, 303*675*
r $5,000.00
this the State
crea se
s
iIts b d I r a similar amount. The bonds or 36*68 per cent; iu 1880-90.158,003, or 13*96 per cent.
on *
payment in U
i
e their validity was questioned
were all * ids
The proportion of tlie colored population was 57*47 per cen in 88 ^
*cd Ids opinion that the Union and 57*98 per cent iu 1890. In number blacks were 310,808 in 1850;
In 1810,
r the Bauk had failed, the Leg 437.404 in 1860; 444,201 in 1870; 650,291 in 1880 and 747,720 in
Bank liei
o obligation to pay the bonds;
U lature c
position taken were as follows' 1890.
The reiM
M
BANKS—STATE, NATIONAL AND SAVINGS INSTITUTIONSrtded that laws respecting State —1 1 Mississippi tlie State banks exceed the national banks in number,
Tlte Stab
1
8 then advertised in the papers, capital and deposits. There are 13 national banks now.witli $1,165,000
,
*Iki
ic legislature next thereafter capital and $2,014,125deposits, as against 6 banks, with $47o,000 capi
M
l
ing t da loan was so treated, but the tal and $873,623 deposits in 1885. But the number of State-organized
33S, which it was claimed essentially altered
Institutions May 17,1892, was 55 and they had $3,115,836 capital and
tnal bill, was passed by ono legislature only, about 5% million dollars deposits^
1885.lementary act made was with respect to the
Slate.
National.
Slale.
Natio ol.
• original act provided that a loan of $15,000.(Jfay 17, '92.1 (Dec 24.)
M ississippi.
(Dec. 9. ’92.)
t< time for the benetlt of the Bank above
>
6
55
Number of banks...
}3
$475,000
$3,115,836
amounts ns the Bank's capital stock of $15,- C a p ita l...................... $1.1<;->.000
named, it
108,503
734,600
Surplus und profits.
628,(>.?o
Ibcd for by owners of Mississippi real estate,
873.623
500,000 *
5.190.963
wonted by mortgages on said real estate—but Deposits, individual 2,014,125
file 68 State and national banks have in the aggregate 4>* million dol
„
till $500,000 stock bad been so sub
that no bonds
lars capital and nearly 7J millions of deposits.
4
*r. however, simply directed that imineicribed. The »n
ITS
17a
Vol. LYI
ST/ITE M B CITY S U fTiE TV O TT,
Citie s , Counties and T owns
IN
TH E
STATE OF MISSISSIPPI.
State of Louisiana.
ITS
AD AM S COUNTY.
— County seat is Natchez.
T ax valuation,personal $1,462,339
Total debt (all bonded) at
date of last returns was $220,000 Total valuation 1891... 4,550,375
$7-00
Sinking fund..................
5,000 State tax (per $1,000)..
T ax valuation, real...... 3,088,030 Population 1890 was.......... 26,031
DEBT, RESOURCES, E tc.
Organized as a Territory (A ct Mch. 26, 1804*) - Oct. 1, 1804
Admitted as a State (A ct Feb. 20, 1811) A pril 30, 1813
Total area of State (square miles)
48,720
B O L I V A R C O U N T Y . — County seat is Bosedale.
State Capitol,
Baton Rouge
Bonded debt (last ret’n) $215,000 Tax valuation,personal.$1*631,632
Floating debt...........
8,000 Total valuation 1891... 4,525,908 Governor (term exp. 3d M o d . May 1891) - Murphy J. Foster
$7*00 Sec. of State (term exp. 3d M o d . M ay’96) - Thomas S. A d a m s
I>ebt July 1880............
60,227 State tax (per $ 1,000)..
T ax valuation, real...... 3,444,366 Population 1890 was....... ..29,980
Treasurer (term exp. 3d Mon. May ’96) John Pickett
Legislature meets biennially in even years on the second
C O L U M B U S . — R. E. M oore, Major.
This is the county-seat o f Lowndes County. The city owns its water Monday in May. and sessions are limited to 60 days.
works.
Total debt (last returns)
$98,500
T ax valuation 1890— 1,925,182
$20*00
6s, FA A, $98,500
Feb. 1, 1902 T ax rate (per $1,000)...
Interest is payable at Columbus, Population 1890 was.............4,559
Population 1880 was.............3,955
Hiss.
LOANS—
R
a il r o a d
A
When Due.
id
B
onds—
H IN D S CO.—
County seats are Raymond and Jaekson.
T ax valuation.personal.$2,082,470
Tot. detrt (all bonded) at
date o f last ret’n was. $230,000 Total valuation 1801... 0,908,598
$7'00
Total debt July, 1880...
100,000 State tax (per $1,000)..
T ax valuation, real...... 4,880,128 Population 1890 was.......... 39,279
J A C K S O N . — I sydore Strauss , Treas.
This is the capital o f the State and the county seat o f Hinds County.
LOANS—
When Due. T ax valuat’ n 1890........ $2,415,939
68, Semi-au.
1903 Assessment about L actual value.
3
24*50
6s, Semi-an >$24,300 <
1908 Total tax per $1,000...
6s, 8emi-an 1}
1913 Population 1890 w as......... ..5,920
Total debt June 11892___$24,300 Population 1880 w as............ 5,204
'
INTEREST payable at Jackson, Miss.
M A D I S O N C O U N T Y . —B. J ones, Treas.
County seat Is Canton.
LOANS—
When Due.
T ax valuation.personal. $995,768
R a il r o a d A in B o n d sTotal valuation 1892... 3,464,030
78, J&D, $73,500...........
1917 State & Co. tax (per $1,000) .$14-00
Total debt 1893............
$73,500 Population in 1890 was...... 27,321
T ax valuation, re a l...... 2,408,262 Population in 1880 was......25,866
M E R ID IA N , —
This is the county seat o f Lauderdale County.
When Due. Total debt (lastreturns)
LOANS—
M a r k e t bonds—
5s, J&J, $14,000...... Jan. 1, 1900
Sc h o o l H
ouse
B
onds—
68, J&J, $30,000...... Jan. 1, 1900
$44,000
T ax valuation 1890___ 4,850,000
Total tax (per $1,000)..
$13-00
Population In 1890 was.......10,624
Population in 1880 was...... 4,008
INTEREST Is payable at the National Park Bank N ew Y o rk City.
N A T f;H F 7
5 W IL L IA M G. BENBRO O K, Mayor.
lN A lc n c ,A .
£ FRED. J. M AH E R, Treas.
Natchez Is the county seat o f Adams County.
N. O. & N.W. RR. B okds —
LOANS.
When Due.
Cit y I m p. B ond s6s, May, $320,000.. ..M ay 1,1920
68, Jan., $39,500........ In 20 years
Subject to call after 5 years
IN T E R E S T .—Interest is payable at City Treasury.
T O T A L BONDED DEBT Fob. 1893 was $359,500; floating debt,
$2,553; sinking fund assets, $4,453; net debt, $357,600.
ASSESSED V A L U A T IO N in 1892 was $4,197,062; (actual value
about $5,287,000); total tax (per $1,000), $32-50. Property is as
sessed at about 65 per cent o f its actual value.
P O P U L A T IO N .—In 1890 it was 10,101; in 1880 it was 7,053.
S U N F L O W E R C O . — W. P. Gresham , Treas.
County seat is Indianola.
LOANS —
When Due.
a i l r o a d B onds —
7s. J&J. $75.000........Jan. 1, 1901
Total debt 1893.................$75,000
Interest payable In N ew York City
R
T ax valuation 1892. ...$1,762,677
State & Co. tax ( (per $1,000) .$23-00
Assesssment about actual value.
Population in 1890 w as....... 9,384
V I C K S B U R G . — N. V. B ooth, Mayor.
Vicksburg is the county seat o f W arren County.
B y tho provisions o f its chartor the oity is obliged to le vy a tax to
meet the interest on its bonds, and to apply any surplus o f tho sum so
raised, after payment o f interest, to the purchase o f bonds at or below
par.
LOANS—
When Due. I L. N. O. & T. RR. B ond I n t b ’ st —
C o m p r o m i s e B onds —
|4s, F&A, $100,000.................1916
58, F&A, $331,350................ 1921 I U ncom prom ised B onds —
Redeemable $20,000 yearly |,.s, ......... $16,550.........................
INTEREST is payable in Vicksburg. A ll coupons are tax receivable,
T O T A L BONDED DEBT Jan. 1, 1892, was $447,900, against
$459,460 Jan. 1,1890, and $472,820 Jan. 11, 1887. Local (floating)
debt January 1,1892. $88,020.
ASSESSED V A L U A T IO N in 1891 o f real state was $5,000,000; of
personal property, $1,000,000; total, $6,000,000; tax rate (per
$1,000), $12-00.
P O PU LA TIO N in 1890 was 13,373; in 1880 was 11,814; in 1870
was 12,443.
W A S H I N G T O N C O . — County seat is Greenville.
Tot. debt (all bonded) at
T ax valuation, personal.$2,061,540
date o f last ret’ ns was. $141,000 Total valuation 1891... 7,142,806
Total debt July 1880...
85,000 State tax (per $1,000)..
$7-00
T ax valuatiou, real...... 5,081,266 Population in 1890 w as...... 40,414
* Further provision for the Government of the Territory, then known
as the Territory of Orleans, was made by the A ct of March 2, 1805, th*
duration o f the A c t of March 26,1804, having originally been confined
to the period of one year from October 1, 1804, “ and to the end of the
next session of Congress which may happen thereafter.”
H IS T O R Y O F D E B T .—Louisiana, as early as “ the Twenties,” took
upon itself a considerable liability in aid o f certain “ property banks*”
organized to obtain capital with which her people could develop the
large natural resources of the State. Several o f these banks were
formed, prominent among which were the Bank o f Louisiana, the Con
solidated Association o f the Planters o f Louisiana, the Union Bank and
the Citizens’ Bank. Tho stock subscriptions (in the case of the Planters*
Association made by planters only) were paid with mortgages on pro
ductive real property. These mortgages were then deposited to guaran
tee the State against loss on its bonds, of which it loaned the banks
above named about the follow ing amounts respectively: $2,500,000
$2,500,000, $8,000,000 and $8,000,000, or a total of $21,000,000 or
more—it not being certain just what amount each bank received.
Through the sale o f the State bonds, therefore, the “ property banks' ’
came into possession o f a large amount of capital, which they put out
on loan. As net profits accrued they were applied to the payment o f
the bonds, and, these having been paid, to the payment o f dividends to
the stockholders and to the State in consideration o f its loan o f th6
bonds.
The management of these “ property banks” was remarkably good.
As late as 1871 a writer, speaking o f tho $4,839,000 bonds of the Citi
zens’ Bank and the Consolidated Association, whioh were then the only
bonds of this class outstanding, remarks that never in its history had
the State been obliged to meet any portion o f their principal or interest
Under the Funding Act of 1874 only $434,712 bonds of the Consolidated
Association required to be provided for. Of the bonds issued to the
Citizens’ Bank, however, the decision of the Louisiana Supreme Court,
in 1891, concerning those held by the Hopes, shows $4,117,000 to b6
still outstanding. These the Court holds must be funded. There are
offsets, however, against the claim so established, and the actual
amount to be exchanged for consols under the law at 60 per cent is cal
culated at not exceeding $860,000, and possibly less.
As regards the other debts o f the State as they existed before the War
little need be said. In 1839 there were bonds outstanding as follow s:
For railroads $500,000; Draining Company $50,000; heirs o f Jeffer
son $10,000; Charity Hospital $125,000; State House $100,000. In
1853 several additional loans amounting in the aggregate to something
over $2,000,000 were made to railroads. But in 1861 the “ debt
p roper” of the State still aggregated only $3,978,000; besides which
were Property Bank bonds $5,398,533 (these having been paid off quite
rapidly up to this time); trust funds, etc., $722,240; or a total o f $10,
099,074. On January 1, 1866, the total indebtedness was $11,182,533,
the increase boing mostly in the trust funds. So far the “ debt proper”
was not excessive. But the W ar had le ft the levees in great want o f
repair, and in the follow in g five years eight m illion dollars, which of
course had to be borrowed, was expended upon them. To pay past,
due coupons about one million dollars of bonds were issued under act
o f 1866. An improvident, i f not corrupt, government was in powerand from 1867 to 1870 fifteen or more millions o f dollars were voted
to various railroad and canal projects, while $3,000,000 bonds were
found necessary to cover a floating debt, doubtless tho result of bad
management of the finances.
Fin ally in 1870 the people took alarm and passed a Constitutional
amendment, lim iting the debt which the State could create to $25,000,000. This rendered invalid a number of the proposed aid loans, but
was not sufficient to prevent bankruptcy. The War, which had so
injured the great levees, had liberated the slaves, and liad le ft the State
comparatively poor. In 1860 the assessed valuation o f all property was
435% millions o f dollars; in 1870 it was 253 1-3 millions; while the total
true valuation as estimated by the United States Census fe ll from 602
millions to 323 millions. On January 1, 1873, default was made on
interest payments. They were resumed in July, 1873, but default was
again made in January 1874. A compromise, which allowed the bond
holders a ll (and more than; the State could afford to give was arranged
for, new 7 per cent 30-ycar bonds (the prsent consols; being made
exchangeable for 60 per cent o f the value of all bonds that the State
Supreme Court should hold to bo valid. The validity o f $14,000,000 of
bonds was questioned, but a spirit of fairness was shown, and the bondholders were accorded every facility to establish their claims, and
the Attorney-general was directed with all speed to bring test suits toascertain the legal status o f the questioned bonds. Another Constitu
tional amendment also was passed reducing the lim it o f tho State’s
debt to fifteen millions of dollars.
The plan worked w ell but the State had undertaken too much. In
1879 interest was again defaulted, partly in consequence, as the
iOUISi*N*-CITI£S
April, 1893.
Governor said at the time, of epidemic, partly of poor tax laws and of
the ill considered provisions of the funding law of 1874. A new com
promise was necessary and so in 1879 a Constitional convention passed
an ordinance providing that interest on the consolidated bonds should
be paid at the rate of 2 per cent for 5 years from Jan. 1,1880, 3 per
eent for the ensuing 13 years and 4 per ceut thereafter; also, that hold
ers might If they pleased exohange their bonds at 75 cents on the
dollar for new bonds bearing 4 per eent interest (the so-called Constitut
ional bonds), but only 8217,030 of these bonds were issued. This
scheme was not a success, the bondholders objecting, and in 1884 an
amendment to the ordinance was ratified, fixing the interest on the
consols at 2 per cent for five years from Jan. 1,1880, and 4 per cent
thereafter (doing away with the 3 per cent altogether), and providing
th .t the reduced rate should he stamped on the bonds and coupons.
r
Thlt took effect Jan. 1, 1885. and since then no distinction has been
made between the Constitutional and Consolidated bonds, both being
Bailed consul*. Interest is now regularly paid, and only a small
amount of bond* remain* to be funded. The principal issues of bonds
declared, in whole or in part, to be invalid are mentioned below.
Act 03 of 1892 provides for exchange of newly printed and engraved
bond* of the State for valid outstanding consolidated bonds of the
State. The new bonds are of the same denomination, same rate of
lntei est (4 per cent), payable January and July, and mature game time
—January 1, 1914—as the old bond. Interest payable in New York,
New Orleans and Baton Rouge, La. The object of the act being to
provide a bond free from alterations stamped thereon, and to exclude
from c reulation the bonds fraudulently placed in circulation by ExTreasurer Burke. New bonds are signed by the Governor, Secretary
Of State and Auditor. Coupons signed by Treasurer and Auditor. See
Chkuxiclb , V. 54. p. 774.
The debt on which the State 1 paying interest is as follows:
*
(crest.— . ------- Principal. ---------*
LOANS—
NAM* OR PURPOSE,
* • *> Payable. When Due. OutslaniVg.
*•
Con*oL 7 per cent bonds of
1874, Ptamped 4 per cent.
4«
Coiuoli<Ut<'<l (constitutional)
bonds o f 1H90.......................
4a
J A J Jan. 1,1914 11,541,900
:
J A J Jan. 1.1914
217.G00
173
TOWNS,
In 1860-70 increase was 18,913, or 2*67 per oent; in 1870-80 213,031
or 29*31 per cent; in 1880-90 178,641, or 19*01 per oent.
Tlie proportion of tlie colored population was 50*32 per cent in 1890
against 51*46 per cent in 1880. In number blacks were 562,893 in
1890; 483,655 in 1880; 364,210 in 1870; 350,373 in 1860; 262,271 in
1850.
B A N K S -ST A T E , N ATIO N AL AND SAVINGS INSTITUTIONS.
—Louisiana has a fair amount of banking capital, and the business of
the banks has increased and is increasing. There were 21 national or
ganizations in the State December 1892, with 4*2 millions capital and 20
millions deposits, against only 9 banks, with $3,625,000 capital and
$11,814,157 deposits on December 24,1885. Quarterly returns are re
quired of the State banks, but the hanks are not obliged to file them
with any State official; only publication of the statements is required.
From the report of the U. S. Comptroller of the Currency we have
compiled the summary of their affairs contained in the following. It
will be noticed that the Comptroller finds 16 banks with $2,820,121
capital and $8,515,934 deposits.
,---------- 1892.---------- . i --------- 1885.---------- *
National.
Stale.
National.
State.
L ouisiana .
(Dec. 9, ’92.) {June 30/92.) (Dec. 24.)
(July.)
Number of banks......
21
16
9
^
4
Capital.................... $4,435,000 $2,820,121 $3,625,000 $2,582,200
Surplus and profits... 3,176,804 1,084,377 1,984,786
344,548
Deposits, individual. .20,098,243 8,515,934 11,814,157 5,816,536
Altogether we have here 7*4 million dollars capital and 281 million,
s
dollars deposits. There Is also one savings hank in New Orleans (the
Germania), and this Juue 30 1892 had $100,000 capital, $124,803
surplus, and $1,695,732 deposits, owned by 5,557 depositors.
C ities , Counties and T owns
IN THE
STATE OF LOUISIANA.
PAR VALUE OF BONDS—The consolidated 7», stamped4 per cent
« r • fur *100. *509 and *1.000. The Constitutional bond* for *3, etc.
B A T O N
R O U G E . — This is the capital of the'State and
IN TE R E S T—W HERE P A Y A B LE —Interest In payable liy Winslow,
the county seat of East Baton Rouge County.
lan ler A Co., New York Ctty, and by State Treasurer. New Orleans.
I DANS—
When Due. |Tax valuation 1890...... $1,600,000
T O T A L DEBT—The subjoined statement show* Louisiana’s total
chV*>Y.LoANTotal tax (per $1,000)..
$10*00
bonded debt, and the Heating debt in detail, on the first of Jan.. 1893.
8s. A AO, $17,000.......Part yearly. |Population 1890 was......... 10,4/8
1893._
........................
$11,737,700
Total bonded debt bearing interest
N E W
O R L E A N S .—John F itzpatrick , Mayor.
Floating Debt—
Interest eou pona from Jan., 1871, to July, 1879..........
495,208
New Orleans is the county seat of Orleans County. An Amendment
Baby botula ami certUlcuttv* (act of 1890) exclusive of
to the Louisiana Constitution authorizing the City of New Orleans to
coupon*....... ...........................................................
refund it- debt at a lower rate of interest has been voted by the people.
Warrant■ ................. .......................................... .
»
The city will Issue 4 per oent bonds for those falling due at 5, 6 and 7
Total debt............................................................... $14,090,171 per oent. and by this means some $200,000 a year will be saved in
The baby bond* are 3 per ceuta and were due in 1886. They were merest. Bids were asked on the 2Dth of last June for 4 percent bonds
l**tied to fund certain obligation* of charitable Institution*. No Inter to the amount of $ 100000 0 and a part of tlie loan was then placed
,
, 0,
,.v,
r*..
fta n n n
S<vnt. 1 . 1 9 2
act ban been paid on them alnce January, 1885.
s, u f . o
LOANS—
TTAen Due. G MAS, $9,000...Sept. 1, 1922
6s, JAJ,
6.000...Jau. 1,1923
In Septetuber, 1989, It wan di*«ovcred that a number of bonds had
la September, 1989.
•Conso lid ated B onds E x t .—
2. Opelousas RR. C.—
FA A,
be*a fraudulentiy Imiued- Part of these were subsequently recovered, 0s, MAS, $30,000.. Aug. 1, 1922 Gs, MAN, 864,000..... Nov. 1,1922
lie,
2.000..Sept. 1, 1922
,
bat $373.600 coqmIs so Issued ($303,600 being consols of 1874 and Us AAO,
s,
9,000.... Sept. 1, 1922
12,000..Oct, 1.1922 G MAS,
Oct. 1,
*1
$70,000 Coinstitutions bonds) are still outstanding. The State consld lis, MAN, 130,000..Nov. 1,1922 Gs, AAO, 2,000.. RR. D.— 1922
3. Pontoliartrain
50,000..Dee. 1,1922
er* them *
*null and viold." and they are therefore not Included in the 0» .TAD,
0*. JAJ, 3 ,471,000..Jau. 1,1923 Gs, JAJ, 819,000...... Jan. 15,1923
Seven F kk Cents, 1869, X A Y.—
amount outstanding above. There are also $421,935 frndulentlyD ebt M l n ic ii -a i -it v N o. 1
7s, MAS, $5400 0
, 0 ....Mch. 1,1894
taued hab;f bond* oulUktaodlng.
(Consols )—
.
6s, MAS, 27,150--- Sept. 1,1922
$2,500..Jan. 1,1923
Them an9 moreover old bonds not recognized, and hence not fundable Gs, JAJ,
R efu nd ing B onds 1892—
Gold
A G.
$10,000,000. Optional at the
amounting■to $3,033,,000. These Include New Orleans Mobile A Texas 7s, JAJ.B onds, D. 8. .July 8-—
8117,000 ..
1.1922 4*
endorsed, $875,000; 8 per eent State bonds Issued Os, JAJ, 23.000 ... -Jail. 1, 1923 rate of $500,000 yearly after 1925
6 per oent bond*. enr
SEVEN PEii CENTS, 1870, N (part
J kfferson Cit y , E x t .—
id.
to Mild PMid, $2,500,000; 8 per cent bond* issued to the N. O. Mobile
extended)—
St Chatt.mfHi.-a RR. $70,000; 7*30 per eent bonds issued to tlie Mia- Gs, JAD, 815,500.......Dee. 1,1922 7s. JAI), $352,450... .June 1,1895
Hs, JAJ. 20,000........Jail. 1,1923 Gs.J&D,
23,300...Dec. 1,1922
»
Cb. $200,000. <
J udgment B onds 1884 (Cons.)—
Street A ssessment, 1873, B.—
ASSESSED V A L U A T IO N -T h e State' assessed valuation has been 5*. JAD, $1/223,663. June 1,1934 G FA A, $950.........Aug. 1,1922
s,
Subject to call at 100 at any time.
STKEETlMI'ROVEMENT, 1871, Q.—
as follows at different periods:
P a r k B onds- M ortoage Parish o f
County
F&A,
7S.FAA, 831.000.....Feb. 1,1904 7-3s, FAA, $10,000...Aug. 1,1911
Total.
jV. Orleans.
Gs,
10,000... Aug. 1, 1922
Year*.
Parishes.
8234,915,173 Gs. JAJ, 135,000....Jan. 1,1923
T e n P e r C e n t s , 1 8 7 1 , P. E x t .—
I B M . ...........................$ .................
Premium Bonds, 1875—
233.769.629
Gs, AAO, $70,250..... Oct, 1,1922
M l ! ...... .........................................
. 80,430,320...... when d n
234,350,791 5s
131.913,057
W A TE R W k s , 1869,
1890.........................................
R Vn.iVoAD Bonds (all extended) - 5s, JAJ, $10,000......W . (G s ,E x t . ) 226,392,289
129.268.905
Jan. 1,1899
1880...................
97.123,382
1. Jackson RR. B.—
208,076,914
119,277,194
Gs, JAJ, 72,400-..... Jan. 1,1923
1888....................
88,799,720
211.925,751 Gs, MAN, 8283,000...Nov. 1,1922
125,096.250
1887........................... *0.929.501
212,725.564
123.927,593
• These bonds are lettered A., G„ H., I „ J., K., L. and M.
1885 .......................... 88.797.870
202,166,463
115,329.730
1884....................... . - *0,830,720
C, IR IFCT TO C ALL -A fte r 1895 most of the city’s bonds will he
177,006,450
97,352,405
J884 .......................... 79,744,054
160.162,439 subject to call at city’s option. This applies to all extended bonds
1 8 8 0 .............*............................
193,904,419 (extended under acts of 1882); all consolidated bonds; judgment
1875..................... ........................
228.666,653
1 8 7 3 ............................................
253.371.890 iiond.*; park bonds; seven per cents of 1869 and 1870, and certificate
1870............................................
...
435.787,265
8880........................ . ...............
......
233,998,764 '"iN TE R E ST—WHERE PAYABLE.—Interest is payable at City
1850 ............................................
P O PU LATIO N OF S T A T E .-A f cr the Louisiana purchase from
France la 1903. which embraced not wily the section now Included In ' t o t a l DEBT, SINKING FUNDS, ETC.-The subjoined statement
the State of Louisiana but a va*t add tional tract of land. Congress in shows New Orleans’s total funded and floating debt on the first of
lg91
1890.
1804 provided for the dlvl.ion of t!i « province Into the two parts, the January or each of the last three years.
one called the Territory of Ot ’leans and the other the District or Terrisi
, j v.i *
©i 290*834
of the Territory of Orleans that the pres- Total bonded debt. ................ v 5548,950 $15,535,445 $16,310,222
lory of Louisiana- It whs oul
Floating debt IJune 30) — ••••
..........
532 246
..........
ant State of 1
Louisiana was co istitotcd, Congress by the Act of February Total yearly coupon interest...
- -- -- - ■•
'
20 1911 haring given the f* opb* the right to select the name of the
The sinking fund receives yearly about $lo0,0 U
0.
.
nami Louisiana. Admission Into the
State, and they having chosei
PREMIUM BONDS.—The premium bonds ($-0 each) receive no
that uatnc in 1812. The Census of 1810 Interest till drawn by lot for payment, and then they receivo Prluc'P“
a^popolaUon '>f 70.350, and by 1820 this had been Just about „ lth simple Interest from July 15,1875. They also get B premium if
840 numbers had Increased to 352,411 and they happen to draw a prize, 2,352 prizes aggregating $100,000 being
»d again more than doubled, being reported distributed yearly among the drawn bonds. From 189- to 189o incl by 1860 the aggregat
.,1 a scriou* blow, and the 1070 Census indi- •dve 21,000 bonds (par value $420,000) are to he paid each yeaM n
708,002. Tlie War p
ly a . light further increase to 720.915. Since then, however- l wo instalments of 10,500 bonds each, on January 15 and July I d , after
th £'i " w
070,7ndi
anadiUtion of nearly
____ ckwfcn 1*70 and 1990—there ha* 1
i
40o.fHHi.r u- :
*il to 1,11 *,5*7.
_rtA 1895 bonds to the number of 10,000 will be paid sem -annuaUy700,002 I 1030......... 218,529 .,() ooo bonds annually. There are two drawings to determine the
1■■in
‘
1,118
152,923 bonds payable July 15 in each, year, and they take place January 31
5 17,70 2 1020
939,946 I 9
1800
76,556
352.411 I 1810
720,915 ! 1 UO
5
1070
174
STATE AW® CITY SUTT1£W£WT,
and April 15 next preceding. Tlio drawings to determine the bonds
payable January 15 take place July 31 and October 15.
The drawings to determine which bonds shall receive prizes (ranging
from $20 to $5,000) occur just before tlio bonds are paid. Drawn
premium bonds are receivable by the city for all dues, licenses, taxes
and debts of any description at their face value and interest.
DEBT L IM IT A T IO N .—
The act of the Legislature authorizing the
premium bonds forbade the city to increase her debt in any mannei
until the premium bonds are paid.
ASSESSED V A L U A TIO N .—The city’s assessed valuation (about
-------- cash value) and tax rate have been as follows:
Real
Personal
Total Ass. Rate o f Tax
Tears.
Estate.
Property.
Valuation, p. $1,000.
1801..............$80,530,001
$40,406,819
$129,045,820
$27*20
1800............. 87,625.430
44,280,627
131,015.057
20*20
1880
.... 86,427,023
42,841,882
120,268.905
20*20
1887............. 87,075,068
37,120,282
125,006,250
20*20
37,778,273
123.027,503
25*40
1885............. 86,140,320
1881
.... 73,288,055
24,063,450
07,352,405
17*84
1870............. 116,056,581
23,701,623
130,848,204
26*25
Tax rate in 1801 includes: State tax, $7*00; city tax, $20*20.
P O P U LA T IO N .—Iu 1800 population was $242,030; in 1880 it was
216,090; in 1870 it was 191,418.
S H R E V E P O R T . — 1 T B.
S.
M c r f f , Comptroller.
Shreveport is the county seat of Caddo County.
LO A N S—
- Interest.— . ,--------— P rin cip a l. ---------—
NAME AND PURPOSE.
Hale. Pai/nble.
When Dae.
Oatshinil'g
Funding........................... 5
J&J
Jan. 1, 1910
$150,500
T O T A L DEBT, Et c .—T otal debt on Feb. 1, 1893, was $156,500,
the last of the judgments against the city having been paid by an issue
of bonds on Jan. 1,1893.
ASSESSED V A LU A TIO N in 1892 was $3,250,000; total lax
rate, $18'50; iu 1889 the valuation of real estate was $2,000,000;
of personal property, $1,400,000; total, $3,-100,000; municipal tax
rate (per $1,0001, $37‘00. this including municipal levy $8'50, special
tax railroad aid $5-00, debt payment $9-00, State tax $6-00, and county
tax $8'50.
P O P U L A T IO N in 1890 was 11,979; in 1880 it was 8,009.
State of Arkansas.
ITS
DEBT, RESOURCES,
Organized as a Territory (A ct of March 2. 1819) - July 4, 1819
Adm itted as a State (A ct of June 15, 1836)
June 15, 1856
Total area of State (square miles)
53,850
State Capital
Little Rock
Governor (term expires Jan. 1395)
- W dliam M. Fishback
Secretary of State (term exp. Jan. 1895) H. B. Arcnistead
Treasurer (term expires Jan. 1895)
R. B. Morrow
Legislature meets biennially in odd years on the 2d Monday
in January, and sessions are limited to 60 days, unless by a
two-thirds vote of the members a longer time is decided on.
H IS T O R Y OF DEBT.—The debt of Arkansas originated in 1,8371838, within two years after her admittance into the Uniou as a State,
in aid of two banks—the Bank of the State of Arkansas and the Beal
Estate Bank, institutions organized to protect the interests of the
Commonwealth in its real estate, which had already fallen into the
hands of outside speculators. State bonds to the amount of $2,827,000
were granted, and in return the banks gave the State as security mort
gages on large tracts of land, partly wild, partly improved. After a
few years of unsuccessful business the banks went into liquidation and
the State, with a population in 1840 of only 97,574 was left to provide
for a debt beyond its power to carry. In 1842 it ceased to pay its
interest, and from that time on, though applying to the reduction of its
debt such funds as were received from the mortgaged lands above
referred to, or from other sources, as appropriated, the arrears of inter
est gradually rolled up. This lasted with little change till 1860. I f
should be said here, moreover, that in 1840 the Beal Estate Bank
pledged five hundred of the bonds received from the State to secure a
loan of $121,336 from a New York Trust Company. On the failure of
the Bank the Trust Company, being itself embarrassed, turned them
over to one James Holford in settlement of a debt of $350,000. The
State Constitution forbade the issuance of bonds at less than par, and
on this ground the State declared these bonds to have been illegally
issued. They were funded under the Act of 1869, but an amendment to
the Constitution ratified in 1884 forbids the “ Holfords” ever being rec
ognized.
As already intimated, from 1840 to 1860 there was no material
change in the State’s indebtedness. A small amount of bonds was
issued in aid of railroads; there was a gradual increase of overdue
interest, with small redemptions from time to time, as convenient, of
outstanding obligations. In 1869, however, a readjustment of the
finances was determined upon. New 6 per cent bonds were authorized
in exchange for the principal and overdue interest of all the old debt, a
portion of which was then retired by means of the funding bonds of
1869 and 1870. But on these bonds also interest went unpaid after two
or three years, and so remains up to the present time, except so far as
received in payment of certain dues as provided for by the acts of
1887 and 1889 below described.
Before passing, however, to an account of the measures which are at
l y i.
length rehabilitating the State’s finances, it remains to speak of an
unfortunate chapter in its history. In 1868 to 1870, the management
of affairs being in the hands of those who, by the people of the State
wore considered “ outside adventurers,” State bonds to the amount of
$5,350,000 were issued to five railroad companies—the Little Rock &
Fort Smith, the Memphis & Little Rock, «fee. To pay for the building of
levees another loan of $1,986,773 was put out. The acts of the Legisla*
ture authorizing those several issues were not passed in accordance
with the provisions of the State Constitution. The Supreme Court of the
State therefore declared the bonds invalid. On September 1,1884, an
amendment to the Constitution of the State was ratified depriviug the
Legislature of all authority to provide either for them or for the
.‘ Holfords” already mentioned. I he courts were appealed to by the
bondholders in order to fasten the liability of the railroad aid bonds on
the railroad companies to which those bonds were issued. The United
States Circuit Court, reversing a previous decision in a lower court
held the companies not liable, and the matter is now quiescent. Tli®
bonds, however, have been deposited under a trust agreement with the
Farmers’ Loan & Trust Company, and the owners still have hope th a t.
some day a compromise with the State may be effected.
In 1875 the iloating debt of the State was retired with an issue of
funding bonds popularly called “ Loughboroughs.” This loan was all
paid off in 1885, but part of it has since beeu reissued.
Tlio General Assembly by acts approved April 5, 1887, and April 0,
1880, established a method of dealing with the recognized debt which
it is expected will work out its extinguishment satisfactorily—at all
events the State Treasurer addressing the Governor in October, 1890,
remarked: “ The operation of the acts of 1887 and 1880, providing for
the retirement of the funded debt, has beeu highly advantageous to the
State, aud it is hoped no changes will be made in the existing policy,
which continued will result in the extinguishment of the debt held
otherwise than by the United States in the next few years.” The
United States Government, it should be said, holds about one-half the
debt. The acts here referred to provided that the State’s valid obliga
tions, principal and interest, should be receivable in payment for the
one-mill tax for sinking fund purposes, for liquor licenses, for the
State’s proportion (40 per cent) of the price of forfeited lands, and for
State Bank aud Real Estate Bank bonds and debts; and they are ex«
changeable at the option of the holders for non-interest bearing certifi
cates of indebtedness, which are receivable for the same purposes. The
recognized debt of the State is subjoined.
There are at present two bills before the Legislature to call in the
State bonds for registration and refund the indebtedness at 4 per cent,
but no action on either bill has as yet been reported.
LOANS. —
NAME AND PURPOSE.
E tc.
Voi
'— Tntcrest.—.
P.C l. Payable.
CFunding bonds of 1869 (non
<
Holfords) blue N os........... 6
( Overdue int’ st since July,’ 72.
CFunding bonds of 1870 (non
<
Holfords) red Nos............
C Overdue interest..................
CFunding bonds of 1875(“ Lougli-
<
boroughs” ) reissued since’85.
6
6
------- P rin cip a l.-------- »
When Due. OiUsland’g.
J& J
July, 1,1899
Overdue.
$301,000
372,975
J& J
Jan. 1,1900
Overdue.
432,000
508,545
J&J
Julv 1, 1905
506.000
Overdue.
146,040
Oct., 1861
538,000
( Overdue iut’st since July, ’42.
Overdue.
1,485,930
j Real Estate Hank “ C,” 1838... 6
Oct,, 1861
J& J
43,000
( Overdue int’st sinceJ uly, ’42.
Overdue.
130,935
^ State Bank 6 per cents,*1838... 6
j &J Jan. 1, 1868 108,000
'
} Overdue int’st since July, ’42.
Overdue.
325,620
\State Bank 5 per cents........... 5
Jan. 1.1887
3,000
) Overdue interest..................
Overdue.
8,287
PAR VALUE OF BONDS.—The bonds are nearly all, if not all, for
( Overdue interest..................
$ Heal Estate Bank “ A,” 1838..
6
J& J
$ 1 ,000 .
IN TE R EST.—Interest on all the bonds is overdue—on most of th®
old bank bonds since July, 1842, on the funding bonds of 1869 and 1870
since 1872 or thereabouts. The funding bonds of 1875 (Loughboroughs)
were all retired prior to May, 1885, and those now outstanding have
been reissued since; hence the amount of overdue iuterest upon them is
comparatively small. Under the acts of 1887 and 1889 overdue coupons
were made exchangeable for certificates of indebtedness, which are re*
ceivable for certain dues. (See preceding statements.)
T O T A L DEBT, E t c .— The subjoined statement shows the total
bonded debt rt coguized by the State and overdue interest thereon on
the first of October 1892, 1800 and 1888.
1892.
1800.
1888.
Total bonded debt..................$1,031,100
$2,002,100
$2,029,100
Overdue interest on bonds..... 2.978,332
2,884,897
2,832,915
Total debt on October 1 . .. .$4,909,432
$4,976,997
$4,862,015
From the above statement it would appear that the State’s gross indebtedness had increased between the years 1888 and 1890 by $114,982*
whereas in fact there was a reduction of $395,415. The discrepancy is
accounted for by the fact that $255,000 bonds and the accrued interest
thereon, which prior to 1890 had been omitted from the Treasurer’s re
port were in that year included in the indebtedness, they having been
found to be legal obligations of the State. The State is now reducing
its debt in accordance with the acts of April 5,1887, and April 9 , 1889o
(See preceding statements.)
Of the total debt about one-balf is held by the United States Govern
ment, but the State has claims against the General Government to a
large amount.
DEBT N O T RECOGNIZED, HOLFORDS, Et c . - A summary of
the unrecoguized debt appears below. To aid in distinguishing the
Holfords from the valid bonds of the State it should be said that under
the act of April 6,1869, were issued two series of funding bonds. Ons
was dated July 1,1869, and numbered from 1 to 1,000, inclusive. A ll of
this series are printed in blue ink and are non-Holfords—in other words,
are recognized obligations. The second series were dated January 1,
1870, numbered from 1 to 2,050, inclusive, and are printed in blue ink^
Of this series numbers 491 to 1,860, both inclusive, are the Holfords
which constitute part of the unrecognized debt. The unreoognized debt
is as follows:
A p r il,
jW M S / IS — CITIES
189'
LOANS—
—-I n t e r e s t . -
eftfiy a* 1819 t
fettS #d
**f 1810
mm I—*ia^r 97,57
w « Had a^tiiiiMsp*. i
ateiil t*> a ®o»«He
C M * * I® «tiljr 4 8 i
po'imtortoa « f « »
aom as a&J
• m 1890 had inereased to 1,128,
18110........ 1,12.
435,450 | 1830,.............30,388
..2*m,n97 1820............... 14,255
.... 97.-574 J 1810................ 1.062
• 11*26 per cent; In 1x70 80 318,
l§7o
* * t
4*
la l f # 4 7 0 fast*
05-1, «ir M
par
Tto# pfWgKlftis*i§» ■
« h s » J»«r
JiHO*
18S0 ,
la
BANKS™ S'TA1
Arikaa«3M» to# 1
♦tAttdft at 01 *©00
sipilBfl ffMftOtT?
W S Vttll UmSC M
M tl
O!
a # i sritH nay #»ii®
t a lk * eattlalaMl i
ItHNI # f tint CL 8 t ’
.
Li T T L E
R O C K .-^ g ;
TMo Is the capitol of the State and the county seat of Pulaski County
LOANS
/ Interest.— , ----- Principal______
—
R S £ J S S S S h m s ..... . * , « ■ » ® V S f t . ‘ W
»
Subject to call.
PAR VALUE,—
Tlie bonds are $50. $100 anil$500.
INTEREST is payable by City Treasurer, Little Book.
TO ! AL DEBT Jan. 1S92 was $139,000, Sinking fund receiver
yearly $5,000.
ASSESSED VALUATION in 1892 of real estate, $8 ,7 3 1 ,9 5 5 - of
personal property, $3,157,000; total,$11,889,015. In 1890 real estate,
$0 ,500,000; personal property, $3,080,000; total, $9,530,000; city tax
rate (per $1,000), $5 '75 ; school tax, $5 '00 ; county tax, $6 -0 0 ; State
tax, $o-00; total, $21-75. Beal estate is assessed at “ about % its actual
value.”
POPULATION in 1890 was 25,874 ; in 1880 -was 13,138 : in 1870
was 12,380.
P H IL L IP S
C O . — J acob F
r ib e r
, T rea su rer.
County seat Is Helena.
a pan or the Territory of
„ LO A N S ir/ien Due. Tax valuation 1892___$ 1,000,000
follow till 1836. and the
Count v Boxos—
$ 13-00
* Ilian erne hundred thou Os, July. $ 100,000 ....July 1,1920 Total tax per$l, 000...
s
Population 1890 was...
25,341
■ was rapid, and m I860 Total debt Dec. 1892..... $ 100,000 * O tIU IC VU Xtjyv was...
tft
'
*
* J U A
w
J21,262
ui ja,O.
_t <
Population 1880 'T d,•,
War then arrested developTll° total tax per $ 1,000 for 1892 includes State tax, $3 ; ommtytax
1870 Ceosi
•eeorded an iu- $ 5, and school tax, $5.
L880 there
m . an addition to
ii!I**a and again from 1880 to 1890 P U L A S K I CO.- •H, E . G-l i b e w e l l , Treasurer.
County seat is Little Book.
,Mfd of a million, la other words,
IrcNR 481,171 in 1
179.
18w .
175
~7-----Prime
liAWE A« 0 PURPOSE.
P M Payable. ITAe?* Due. Ontstmid'g.
Iloiforsi furnUus bond.a&t 1870 . n
J A J Jan. 1 , 1900 $1,370,000
I*7
J A J
1900
1,980,773
Little R.ick St Fort BitlUh S . . . 7
A *fe O
1900
1,000,000
Mrmphi* & LfttJto Roc‘•k EH___ 7
AAO
1899
1,200,000
Little H*k Fine Bif. A X. O, HR, 7
A AO
1900
1,200,000
I l i H Ofm m tn A B*d Rivei* 14R,- 7
A AO
1900
000,000
Central KK
7
A &O Apr. X, 1900 1,350,000
ASSESSED V A LU A T I O N - Ttie State’s aj
’» assessed valuation and tax
rat© at
wm*&tw ini vo bt
Hrui
Personal
Totai Assessed Tax rate
Jest/*#.
YlituuUnn. pe r $1000
18J'K ©»*>.M
$ 185,000,000
$5-00
1880......
1H
0
135
172,408,407
5-00
1888.
9*
:
H 5U153
156,95 1.1102
5-00
1887-.-..-.. O’
148,250,654
5-00
I hhO ........
87
130,002,691
1976........ 61
101,961,189
1000
1870---.........
&:
91.528,843
&
180,211,330
....
POPULATION
'A T E .•ecu a very ileeided and
i w wKftwoftfcr
Arkansas during the last
tWft
«T *i
t argaaizedas a Territory
hj
fijiti TOWfl.
249*51, or 40*58 per oenf.
iUtl**a was 27*59 pet e m t In 1890
fuurdwr* h lm k # were 311,227 In
1x70; 11 i ,259 in I860; 47,708 In
SAVINGS INSTITUTIONS,
now again*! only 6 la 1885; capita
«w»! <l&po«tt» at #2,050,53state b r m k », t h e m file their return
at*ty la whlel* they are loeatMt, am
h m m it u difficult to obgaftit sum^tate. The ftpire* ragiirdfng th m v
m o
«* w-ti. <*&&& from the annual vol
-1885.-
A«4
jraadN r m
LOANS—
When Due. Tax valuation 1890...$ 14,000,000
Col XTV Buxns—
Tax rate (per $1,000).
$ 17-00
6s, July. $301,000..................1917 Population 1890 was...... 47,328
Total debt (last returns) .$401,060 Population 1880 was...... 32,616
Property is assessed at. about one-third of its actual value.
INTEREST is payable at Hew York.
W A S H I N G T O N CO.
-W . H . B l a c k b u b j s t , T r.
County seat isTayetteville.
LO A N S —
When Due. Sinlviiiar funds..................$57,000
IfXIVKiiSITV H inds —
Tux valuation 1«92........4,360,064
6s. J *J , $100.000...... Jan. 1, 1905 Population 1890 was.......... 32,024
Total debt Jan, 1893...... $118,110 Population 1880 was.......... 23,844
State of Texas.
ITS
D E B T , R E S O U R C E S ., E t c .
i& d « 24.)
iarpia#
1$ wlU fm
iijftjs i <
tfciate* pi®&
af
In.
C lT l I
Tow;
Admitted as a State (Act March 1,1$*5) - - December 89. 1845
Total area of State (square miles)
.
.
.
.
269,780
State Capital
- - - - - - Austin
mtioiirt, rntrltijr Governor (till 2d lues, after 1st Mon. Jan. *95). Janies S. Hogg
to ami iiatimia Seen dry uf State (term exp. with Governor), Geo. W . Smith
id 4*4 millions
Treasurer el Tues. after 1st lion. Jan. ’93), W . B. Wortham
legislature meets biennially in odd years on the Tuesday
after the tir»t Monday in January, and there is no limit to
length o f sessions.
H IS T O R Y OF D EBT.—Texas when it seceded from Mexico In 1835
>n.l assumed the dignity of a republic had a population oE less than
140,000, of which only about one-third were white, the balance being
].nmdpally rmlians. wUli some negroes. It is consequently not surpris.
Village,
th.ii with
independence to maintain, Indian marauders to keep
uf 1,300,704
LOANS--W k t n l i * '. tT#i v
1. 1,003,361 Mil, niul the other expenses of government to meet, the little republic of
0 p fiw tf B & —
feW sW
i *»lt v
... ...11,410
. ..
f
. should have run into debt It did so quite rapidly. In April,
...... 10,11 ' i 41)7, it- obligations amounted to $570,163; in September, 1838, to
T o t*i 4-nht U m i r®liyrm*i
f Pup^il
$1,187,525; in 1841, to $7,704,328. The Interest payable on Its bonds
being large, generally 8 or 10 per cent per annum, and the bonds having
H E L E N A . — ’ j o.' h a I ^ e l L u
very soon gone to default, this interest added materially to the total iuTht# III th9> ifOUftljr
o f imUHp4 CotiBlj
*
ebtodiiess. which tbereftre continued to increase. Texas was annexed
----- PHth •ijhiL — ----LOANS~ ~ rn trr**l
bul«!and'g. to the United States and became a State in 1845. The annexation act
m D ue.
M C AM f*y^POSI.
AM
D
/ Ct* F&g&tl
*.
$157,000 particularly stipulated that the United States Government should not
I , 100-1
C&mptmtkkm ftUHllft* 'Bondi*. . 4
J &
liable fur the debts o f the late Bepublic, and the State itself there
INTEREST i* i«tjr»i>£>. »t «b» > «tional l*.irlc Bank, New Yo*k City.
j
, wi*» $137,000.
fore set about to adjust the disordered finances. An act passed by the
TO TAL BONDED DEBT m
ASSESSED VALUATION m v(l3 uf real entitfe about ft ,122.645; legislature in 1818 provided for sealing the debt at a rate approxiof por*ooal pmpwiy, fESCM
LlftO Intel, $1,0'2<1,'1235 City tax rate (per lunteiy equivalent to the discount at which the obligations had been
I
>
:
f1
#12 oo; whtml ta*. A>-o* i- $ta»« tax. ?.'• iJO county lax $7*00; originally issued. In the latter part of 1851, however, the debt was
total,
liiTftl mimto t* *
m ...-a at ••about (iiie-baU ite actual still $12,435,982 (of which only $2,181,945 was readjustment bonds),
while Its value as estimated by Texas was $0,847,322.
'H W
flh k**
POPULATION In 1900 m 5, vi; in 1480 it wa# 3,632.
But while the Federal Government may not have intended to assume
any portion of this debt, it shortly found Itself in a position
—County «. »t U Pine Bluff.
where it was desirable to do so. The Territory o f Texas to the west
T.ix valuation lam.t....$0.813.405
LOANS
When Du
I Tat valuation 1889— 5,975.350 and northwest was Ill-defined, but stretched considerably beyond its
Co c it y Bh iim ---present limit. The Territory of New Mexico was about to be organ.
.......
an,( it w.s3 deemed best to have it include a portion of this district
TtFtftl tim flayit T tm S #*0.00 >1 P.mnlatlon 1880 w a s ...... 22.386
ht
H tiiM ..
claimed by Texas; but to this the consent of the State must be obtained.
A t the same time it was urgently maintained that since the United
-M. H. Fokd, Treaaurer.
States Government had taken possession of the custom revenues, etc.,
C osiftif 9 £ I# Mmtfy&wm*
’i
4 ct$
meut a limit > actiiftl value. formerly belonging to the Republic of Texas, which had pledged them
4
LOANS—
When
tit i.-r $1.000).........$5*00
w V w rt
; u.x ((per$t,oo0) --. 8-00 to secure certain o f its securities, that these securities ought to be pro
(fill)!
*, dfftfv "§*io.*3
debt tax i;>0r $1,000) 3 5a vided for by til ) United States Itself. To settle both the boundary and
1,000 i
Totml mj&fetw wI. I, IS
Ws
m
ta x............ 5*00 the debt questions, therefore. Congress voted in September, 1850, that
120 t
Tft*
em* Tf-M
iiian 1890 was.........18.886 t ie State should receive fto.000,000 of 5 per cent Government stock ;
,503 1
Tft*
r*« pr**
■
tf.rn 1880 was____ 13,288
T#tft! f i l M M ISO4
!
hut o f this amount one-half was to be withheld until all olaims against
rif 1(4 actual value.
Pf*rp*>rt.y It am em m
m w l
pm;,l Bank, 8t. Louis, Mo. 1 the Central Government on account of the late Republic’s debts should
INTEREST l* p«ya
STATE OF AUK
C H I C O T C O U N T Y . —o,
J E F F E R S O N CO.-
LEE C O U N T Y.
AS.
176
S W £ A W CITY $um £M £flT.
be released. Accordingly, iu February, 1852, tlic State received five
millions in United States bonds. Of this amount and the interest sub
sequently accruing thereon, $1,425,396 was applied to the payment of
debts of the late Republic, about $2,800,000 went to the State school
fund and the remainder to the payment of the general expenses of the
State government. The other live millions of bonds the 8tate never
eceived, it not being able to comply with the conditions concerning the
paymeut of the old obligations.
Congress had therefore to pass another act to effect the discharge of
those securities. In accordance with this second act, approved Feb.
28, 1855, 7 .1 millions in cash was appropriated from the United States
3
treasury and apportioned among the creditors referred to in the pre
vious act, the State being reimbursed for its expenditures in this direcion. The measure accomplished the purpose intended, and in 1856
the State Comptroller announced that Texas was out of debt, with a
.
surplus of over $1,000,000 In its treasury, a permanent 5 per cent
school fund of $2,000,000, and an unappropriated public domain of
100,000,000 acres.
The second chapter of this history dates from the War. Under act of
Nov. 19, 1866, $125,100 bonds were issued to pay the floating debt.
From 1867 to 1870, however, a military government was in control, and
no bonds seem to have been issued. But when the civil authorities re
sumed the reins of government in 1870, much difficulty was experi
enced in collecting the revenuo under the tax laws then in force, and
for several years a floating debt had to be contended with, and bonds
for a considerable amount were issued from time to time to retire tlie
same. The Indians were troublesome and there were disturbances on
the Mexican frontier; hence frontier defeuse called for $750,000 bonds.
Pension bonds also for $1,115,000 were authorized by acts of 1870
and 1874. Altogether, on Aug. 31,1875, the total indebtedness, bonded
and floating, was $5,551,602, including certain debts of doubtful va
lidity. The Constitution, however, adopted in 1876 provided that no
debt should be created, as more fully set out in an item below. Since
this provision of the Constitution went into effect the changes in the
debt have necessarily been confined within narrow limits. Some bonds
have been paid, old issues refunded, and a small amount of bonds to
cover dettciences in the revenue have been sold. But the result is that
Sept. 1,1890, the total debt of the State was only $4,237,730, and
of this small sum only $1,220,630 was in the hands of individuals, all
the rest being in the possession of State funds.
L O A N 'S NAME ANO PURPOSE.
Vol. L V I.
In 1890 stood seventh in population among the States, as agains^
twenty-lifth in 1850. In area it is larger than any other State, being
over live times tlie size of New York. This, combined with the fact that
the State has a large railroad mileage, that soil and climate are well
adapted for cotton raising and for agriculture generally (the State
already producing very much more cotton than any other State), shows
what the prospects of future development are.
1890........... 2,235.523 I 1870..............818.579 I 1850...............212,592
1880........... 1,591,749 I 1860.............. 604,215 |
In 1860-70 Increase was 214,364, or 35*48 per cent; in 1870-80 773,170, or 94*45 per cent; in 1880-90 643,774, or 40*44 per cent.
Of tlie total population in 1890 492,837 were blacks, which compares
with 393,384 in 1880,253,475 In 1870, 182,931 in 1860 and 58,558 in
1850. I t will be observed that the proportion of the colored race has
greatly diminished, the ratio for 1890 being only 22*04 per cont, against
24*71 per cent in 1880 and larger percentages in previous decades.
B A N K S -S T A T E , N A TIO N A L AND SAVINGS IN S TIT U T IO N S .
—No State has made greater progress in extending its banking opera
tions in recent years than Texas. The contrast which an examination
of the statistics of the national banks reveals is most noteworthy. As
against only 68 banks at the close of 1885 there are now full 223 r ✓ •npital has advanced from less than 7 million dollars to 26x trillion
3
dollars, and deposits from 11 kf millions to
millions. Nothing
could better illustrate the wonderful industrial advancement which the
State has made.
-1885-1892.—
T exas .
National.
State.
National.
State.
(Dec. 9 , ’92.) (June 30, ’ 92.) (Dec. 24.) (P n e 30/’86.)
Number of banks..
223
4
68
5
Capital................. $26,337,782 $450,000
$6,901,200
$563,494
Surplus and profits. 7.975.944
176,587
3,309,156
128,955
Deposits, individ’l. 38,128,665
662,940
11,317,937
891.149
From the figures regarding the State banks in the foregoing table, and
which have been taken from the Comptroller of the Currency’s tabula
tions, it will be seen that such bauks are not very numerous, but the
operations of the private banks are rather important. The Comptroller
reports 28 of these, having on June 30,1892, $2,869,276 capital, $321,467 surplus and undivided profits and $3,453,957 deposits. Alto
gether therefore the banking capital of the State is about 29 ^ million
dollars and the deposits 42Lt million dollars. The Comptroller reports
two savings banks having June 30,1892, $139,350 capital, $204,068
surplus and profits and $279,783 savings deposits.
-------- Princ ipal,-------/ In tcrest.--- . /
—
P. Gt. Payable. When Due. Outstand'q.
Floating debt bonds, 1874, gold 7g J A J Jan. 1, 1904 $288,000
1
298,200
Frontier defense, 1870, gold.. 7g M & S Aug. 5, 1910
201.000
do
do
refunding.. 5
Redemption State debt, 1876, g. 6g j & j July 1, 1906 1,647,000
Cities , Counties a n d T owns
Retiring outstanding bonds,
1,068.000
1879................................... ’ 5
j & j July 1,1909
IN THE
2,630
Retiring outstanding bonds... 4
Jan.
Jan.,
1899
200,000
Revenue deficiency, 1885.. .. 6
July
1890
STATE OE TEXAS.
PAR V A L U E OF BONDS.—The 5 per cent bonds for retiring out
standing bonds are $100 and multiples; the other bonds are nearly a l1
A B I L E N E — E d S. H ughes, Treasurer.
$1,000 each.
Abilene is in Taylor County,
IN T E R E S T is payable in New York and at the State treasury.
Interest is payable in New YorkLOANS—
When Due.
T O T A L D E B T . E T C . — The subjoined statement shows the State’s
Total debt Mar. 1, 1892.. $41,000
W a t e r B onds—
Tax valuation, real....... 1,404,96 L
8s, J&J, $10,500....Sept. 29, 1895
total debt on the first of September of each of the last three years:
(Part yearly) to Sept. 29, 1900 Tax valuation, personal. 795,389
1892.
1891.
1890.
Total bonded debt.................. $3,992,000
$4,237,730
$4,237,730 8s, J&J, $10,5^0___Sept. 29, 1900 Total valuation 1891___2,200,350
(Part yearly) to Sept. 29,1905 Assessment about % actual value.
Of which held in State funds... 3,226,540 3,218,140
3,017,100
Ss, J&J, $8,000.. . .Sept. 29, 1905 City tax (per $1,000)............$5*50
(Part yearly) to Sept. 29, 1915 Average school tax.............. 4*00
Leaving amount outstand’g.. $765,460 $1,019,590
$1,220,630
6s, J&J, $12,000....Feb. 13,1912 Population in 1890 was.......3,195
On September 1, 1892 the total holdings of the State Treasury for
general revenue and to the credit of the various funds of the Common
wealth were $25,289,085, including the following items: Cash, $1,322,- A U S T I N . — J ohn M cD onald , Mayor.
253 ; bonds, $3,966,832, and laud notes ( approximated), $15,000,000.
Tliis is tlie capital of tlie State and tlie county seat of Travis County.
$40,000.................. 1905
When Due.
ASSESSED V A L U A T I O N .— The State’s assessed valuation and
LO ANSW a t e b .u d L i g h t G o l d (1890)—
Cit y B ond s—
tax rate at different periods have been as follows:
10s, J&J, $33,500......Jan. 1.1894 5 g., Q,—J., $900.000. .Aug. 1, 1930
Tears.
Real Estate.
Pei's. Prop.
Total.
Taxp. $1,000 10s, J&J, 39,000......Jan. 1, 1895
Subject to call after June 30,
1892...
$2*75
1910, in numerical order.
R is f u n d i n o B o n d s 1891.
$577,621,608 $292,770*759 $370,392,367
6s, J&J, $12,500................... 1901
1890............... 499,522,828 282,589,055 782,111,883
3-25
W A TE R AND LIG H T BONDS.—1hose bonds, familiarly known as
T
1889.............. 480.135,007 249,040,557 729,175,564
the “ Austin Dam Bonds,” are part of an issue of $1,400,000 author
1888.............. 441,076,925
240,007,979
681,084,904
1885.............. 375,890,594 245,121,395 621,011,939
2-25
ized in 1890 for the purpose of constructing a dam across the Colorado
1880.............. 197,167,630 114.303,106 311,470,736
River, and establishing a complete system ef water works and
1874.............. 149,793,301
94,717,197 244,510,558
The personal property as reported by this State includes railroad electric lighting. In January of this year the Texas Court of Appeals
property, which in 1891 was valued at $66,628,378, against $62,105,497 decided against the validity of the issue, and the holders of the securi
ties have declared their intention of carrying the case to the United
in 1890.
The nax rate in 1890 included: State tax, $2-00; school tax, $1*25 States Courts.
PAR VALUE OF BONDS.—Most of the bonds are $1,000 each.
In addition to these there were State revenue poll tax, $0*50 per
INTE R EST on the water and light bonds is payable at the National
capita and school poll tax $1*00 per capita.
City Bank, New York City; interest on the other bonds in New York
P O PU LA TIO N OF S T A T E .—The record of population in Texas is and Austin.
a reoord of large and continuous gains. The State already had a con
T O T A L BONDED DEBT Deo. 1,1892, was $1,025,000. A tax of
siderable number of inhabitants when it existed as a separate republic. one-third of one per cent was levied in 1890 to provide for interest and
Its admission into the Union occurred two days before the close of the
sinking fund of the water and light bonds.
year 1845 (Congress having passed the Act of Annexation the preced
ASSESSED V ALU A TIO N in 1892 of real estate was $8,054,405;
ing March) and the following Census (that of 1850) showed a popula
tion of over two hundred thousand—212,592. In the decade to 1860 personal property, $2,719,318; total, $10,773,723. In 1890 real estate
the number was nearly trebled, 604,215 being the Census figure for the was $6,402,009: personal property, $2,473,343; total, $8,935,352. Tax
3;
year last mentioned. Between 1860 and 1870 the Civil War checked rate (per $1,000) in 1890, $24,912 this including city tax proper,
development to some extent, so that 'the rate of growth was much f i e ’Ge^; State tax, $2-00; State scheol tax, $1-25; county tax,
smaller, and yet the 1870 Census showed an addition for the ten years $5‘00. Real estate is assessed at “ about 50 percent of its actual
of over two hundred thousand, raising the total to 818,579. In the two value.”
PO PU LATIO N in 1890 was 14,575; in 1880 it was 11,013.
decades since then the growth has been simply marvellous. From
818,579 in 1870 the aggregate jumped to 1,591,749 in 1830, and to no
less than 2,235,523 in 1890. It will be seen that there was an absolute
addition of 773,170 in the 1870-80 decade, and an absolute addition of
643,774 in tlie 1880-90 decade. The magnitude of these figures will be
better appreciated if we say that the addition of 1870-80 was larger
than that of any other State in the Union, while tlie addition for 1880-90
was exceeded only by New York, Pennsylvania and Illinois. Texas has
advanced in rank in every decade since its admission into the Union, and
B E L L C O U N T Y . - f f . B. B l a ir , Treasurer
County seat is Belton.
LOANS—
When Due.
Total debt Feb. 1,1893..$143,000
Sinking fund..............
10,136
, ....... ,$65,000.......................... Tax valuation’92 abt..l2,0o0,000
Tax valuation 1891----11,514,910
J a il B onds—
County tax (per $1,000)...... $4*50
s , ....... ,$20,000........
Population in 1890 was___ 33,377
R o a d a n d B r id g e B o n d s —
Population in 1880 was--- 20,518
.,$58,000....... .............
Co u r t H ouse B onds—
TEXAS— CITIES mt> TOWNS.
April, 1893.
B E X A R C O U N TY.—
E d . F r o b o ese , T rea s.
The county seat U San Antonio.
LO ANS—
When Thie.
LO ANS.
*>ueBkiL-ut Boxr>«—
6s, Apr. 10. $15.000.May 11,1911
$ *,....... $>5,000.. June 10, 1912
Subject to call at any time.
Subject to call at any time.
Mkx. gulf KH. Subsidy—
5 s,....... $22,500 .Mar. 1, 1909 6 MAX. $38.000......May 1,1902
s,
Subject to call.
Subject to call Mur. 1,1899.
PuKciiASKOF P roperty 5s......... $50,000...Apr. 10, 1910
Subject to call Apr. 10,1900.
58,.......
$ 14,000...Tune 15,1898
8
ubject to call June 15.1893.
0 »obt House Bond*—
7s, May 10. #10,000. .May 10.1897 Total debt Jan. 1,1893. $841,950
43,775
Sinking fund...............
8ubjectto -all.
<■
».000.Mayll,19111 Net debt Jan.1, 1893.. 79S.i t .')
[ Tax valuation, real......22,36(5,755
Subject to call at any time.
>s, Meh. 10, $240,000. Feb. 10,1912 Tax valuation, persouT 5,908,(580
Tax valuation in 1892..28,275,455
Sutrieet to call at any time.
ti.vK. A S. a . ariw iiu
c
' awewuieui is -5actual value.
GAL.li.ut. «s s. A. Subsidy —
Aftftexxment
81 Mar. 1, $260,000..Mar. 1,1896 |State tax (per$l.<H)0))....... $1*50
County tax (per $1,000)_
_ 5*60
J a il Bond *—
6s......... $15,450. .Xov. 9, 1906 I Average school tax........... 1*25
Population in 1890 was
49,2(5(5
Subject to call at any tim<
I Population in 1880 was
30,470
I N T E R E S T on the Gal. Har. A 8 A. subsidy 8 per cents Is payable
.
by State Comptroller at Austin. Interest on all other loans is payable
In San Antonio and New York.
B R O W N C O U N T Y . —B. Q.
Sw eet,
Treas.
177
On January 24,1893, there was a sinking fund of $95,000, leaving
the city a net debt of $1,920,070.
The city owns property valued at $1,200,000. In February, 1891, a
plan for issuing $1,500,000 new bonds was said to be under consider
ation
W a TER WORKS.—In the year 1891-92 total collections for water
e ;rvice were $50,919; operating expenses $45,728; net credit $5,191The water works have been extensively improved and enlarged.
ASSESSED VALUATION.—The city’s assessed valuation and tax
rate have been as follows:
Personal
Total Assessed Rale o f Tax
Valuation.
per $1,000
,
Years.
Real Estate.
Property.
$25,880,325
$23*15
1892.........$19,993,709
^5,886,625
1891.........................
32.000.
000 .......
33.000.000
23*25
1890..........................
23.000.
000
1889...........................
The tax rate in 1892 includes, city tax proper $15,000; State and
county tax $8*15.
PO PULATION.—In 1890 population was 38,067; in 1880 it was
10,358.
D ALLAS
C O .-W . N.
Co le,
Treasurer.
County seat is Dallas.
Total debt Feb., 1893... .$306,500 I Tax valuation 1892.. .$37,499,500
Sinking fund.................. 48,500 |Population in 1890 was— 67,042
County -eat is Brown wood.
LOANS—
li'ften Due.
Tax valuation 1892___$5,125,406 D E N I S O N . — N. S. E r n s t , Treasurer.
Tax valuation, real...... 3,241,953
B rid g e Bo nds —
This city is in Grayson County.
Os, March l . *7,400. N o t . 1, 1909 Tax valuation.personal 1,791,178
s,
When Due. 6 J&J, $20,000.... ..Apr., 1908
LOANS.
subject to call at county's option. Total valuation 1891... 5.033,131
S e w e r B onds —
School B onds AMaeKiueut about *5 actual value.
Ss. April. *6.500____ May 15. 1910
5s, J&J, $60,000......... Jan. 1920
State tax (per $1.000)........ $1 *(5 10s, J&J, $25,500.......Jan., 1894
(5
Subject to call after ten years.
6s, JAJ, 30,000.......Apr., 1904
County tax (per $1,000)___ 5*50
Co u r t H ouse B onds —
INTEREST Is payable bythe Ninth National Bank of New York City
8 March 1. 835.720. .Not. 1.1909 Population in 1890 was__ 11,421
s.
Subject to call at county'" option. Population ill 1880 was--- 8,414
T O T A L BONDED DEBT on Jan. 1,1892, was $135,500. The eity
Bonded debt i eb 1,1893 -.840.420
owns property valued at $455,000.
I N T E R E S T is payable In Brown wood.
ASSESSED V A L U A T IO N —In 1891, $4,600,000; total tax rate
(per $1,000) $20-50, incl inline State tax, $3-00, county tax, $5-00, city
/ wr r o t 7 d \ T r
—
5 JO H N II. B O Y D , M ayor.
O L b o U r v i N t l .— JJOHN M. CLg WEK, Treasurer.
tax *12-50. In 1890, $-1,400,327 ; total tax rate (per $1,000), $20'75.
This is the county scat of Johnson Count;
In 1889, $2,815,978. Real estate is assessed at “ about one half its
$3,000
When Dut. Sinking fund assets — .
LO AN STax valuation, real ... 1,007,1(55 actual value.”
Crrr H a l l Bonds —
54(5,295
PO PU LATIO N .—In 1890 it was 10,958; in 1880 It was 3,975.
.1903 Tax valuation, pen»ou'
8«. July 10, $6.000 J
—
Total valuation 1892.. 1,553,460
Subject to call at city’* option.
AsMcssmeut Is &actual value.
School House U r M 'r Bos do—
6*. JAI>, $40,000........... ...... 1901 state tax (per $1.000).......... $3*25 E D W A R D S C O .—M. H. C o w a n , Treas,
($10,000 due every 10 yr*.) to 1931 County tax (per $1,000)...... 4*50
County seat is Rock Springs.
Interest Is payable in New York. City tax (per $1,000).......... 11*20
LOANS—
When Due. Total debt July 1,1892.. $41,800
Total debt Feb. 1,1893.. $46,000 |Population in 1690 was....... 3,278
Tax valuation, real.......1,007,175
Co u r t H ouse and J a il —
Tax valuation, personal. 595,188
« O. C. 1.0 YEN 8
KTOLD. Mayor. 6s. May, $28,300.......Feb. 8,1907 Total valuation 1891----1.602,863
Subject to call.
C O R P U S C H R I S T I . - ’ ( THOMAS P. DUNN, Bee’y.
Assessment about S actual value.
t
F u n d is o B o n d s —
Corpus ChrliU Is in Nances County.
6s, Apr., $5,500........ Mar. 5, 1909 State tax (per $1,000)..........$1*67
County tax (per $1,000)....... 5*00
When Due, I Total valuation 1891...$3.155.134
j Tot
_______
LO AN $Subject to call.
Average school tax............. 2*00
I A*»o«*iiieut about * actual value. Interest payable in Austin, Tex.
3
W atek
*
6s, FA A. $90,000... Feb. 1, 1942 i .State tax (per $t,00O)......... $1 (55 Bouded debt Julj 1, 1892..$34,800 Population 1«90 was........... 1,970
(Subject to emit after Feb. 1.191*2) I County tax (p»*r$l,D00)...... 3*75 Floating debt................... 7,000 Population 1880 was........... 266
Inf.payable at Fourth Nat. .N. V. ! City tax (per $1,000).......... 5*00
TAX FREE.—All bonds issued by this county are exempt from taxa
Total debt Apr. 1.1892. $ *0,000 i Average school t a x ............ 2*50
tlon.
Tax Valuation, real ... 2,474.433 Population 1*>90 was.......... 4,38
Tax valuation, personal
680,701 PopoJi on 1880 wail........... 3,257
E L P A S O . — R i c h a r d C o p l e s , Mayor.
C O R S I C A N A . —J. F.
Sto ut,
Mayor.
Thi* I* the county seat of El Paso County.
When Due. ] W a t e r B onds—
This Is the county seat of Navarro County.
LO ANS................ $75,000
Cit y B onds.
LO AN S—
When Due.
a Street fwr rot burst Bonds—
............. $95,000....................I
5». JAJ. *30.000...... July 1.1920
C rrr 11* u , Bonds —
T O T A L BONDED DEBT at date of last returns was $95,000, with
1905 Hooded debt (lii-t roturns).$67,500
8 * . ......... $10,000............
6a. . . . . . . . 20,000......... ..... 1907 Tax ruination 1890 ....$2,980.000 $70,000v. j,ter bonds authorized; floating debt $10,000. Total value
(tty tax (per* 1,000 ........ $10 0
)
0 of property owned by city $15,000.
BKWEK BOJUNI$•........... $20.000............ ..... 1910 I County tax (per $1.000..... 4-00
ASSESSED VALUATION in 1890 was $5,500,000; taxrate(per
1Stale lax (per *1.000)...... 3-25
Sc hool Bonds —
6 s.......... . $10.000.......... ..... 1901 1Population In 1890 was...... 6,285 $1,000) $14-80; county tax, $7-00; State tax, $3-25; total, $25-05.
6
a......... . 7,500.......... ..... 1919 ! Population in 1880 was...... 3,373
POPULATION in 1890 was 10,338; In 1880 was736.
a
INTEREST onthestre ft Improvement bonds is payable In New York.
E L P A S O C O U N T Y . —R. C. L i g h t b o d y , Treas.
I w. C. CONNOR, Mavor.
Counts* seat is El Paso.
D A L L A S . — ( JOHN P. CALDWELL, Auditor.
LO A N S —
When Due. Tax valuation 1891. ..$10,877,440
This la the county ou t of Dallas County
Tax valuation 1890... 9,394,107
Co u r t H ouse B onds—
5e, FAA, *200.000___ A uk., 1928 - p, .........$112,000......................... County tax (per $1,000)....... $7*00
LO AN S—
When l>" '
2(81.000_July. 1929 Other bonds $60,760..... -— -•••*• State tax (per $1,000)......... 3*25
IMJ.H* A WICHITA RR. 1874— 5s. JAJ.
ikxas A P acific RR. 1874—
10s, JAD, *48,000 .. June, 1891
Total debt (last returns). $1/2.760 Population in 1890 was..... 15,6/8
7s. AAO. $85,000..... Apr., 1904 Sinking fund.................. 24,505 Population in 1880 was..... 3,845
D rain Bono * 1883—
W atch Supple 1884-91—
«s. MAN. *30,000
Nov.. 1913
fl«,JAD,
95.000... Dec,, 1914
eabj.ct to call Nor. 1893.
5s, JAJ,
100,000__July, 1917 F A L L S C O U N T Y . —J. H. M i l l e r , Treasurer.
FCNOISO BOND*—
200.000_July 1,1920
County seat Is Marlin.
10s. JAD, *2.8.000 . .June, 1895 5».' JAJ,
60.000__Jau., 1921
Tax valuation, personal.$2,485,«90
189(1 5s. JAJ,
X AAO, 11,100. .Oct.,
Os,
L
Sr, When
100.000_June, 1931 Co uO A N ouse and B ridg es Due. Total valuation 1892... 7,678,190
8s, MAS.
27.500
Sept., 1901 5s, JAD,
rt H
—
W a Tk b W o r k * 1882—
A p r , 1917
8s. AAO, 100,000.
6s, Apr. 10, $81.592........ 20 years Assessment about aotual value.
s,
8*, JAJ, 200.000. .July, 1931 6 JAJ. $ 100,000 . ..Jan., 1902
Subject to call at county's option. State tax (per $1,000)..........*1'50
County tax (per $1,000)...... 5'75
Eat! Dalian.
SCWKRAOK iH IK e T ia iX r GOLD
Interest pavable in Austin.
Constru ctio n A I m provem ent Total debt Jan. 1,1893. $81,592 Average school tax..............1-25
Bond * 1890—
Population in 1890 was..... 20,706
Bonds —
4a, JAJ, *150.000......July l, 1920
6s, tAJ. *15.000.........Jnly, 1916 rax valuation, real.......5,192,300
Sunject to call.
1918
8 JAD, *150,000..... June. 1931 Os, JAJ. 40.000........ July, 1919 F A N N I N C O .—L. A. T h o m a s , Treasurer.
*.
Us. JAJ, 15.000.........July.
Subject to ealL
P c b l ic Sc iio o l B u il d ' o Bosi
County scat is Bonham.
STREET I m pro vem ks T Bonds —
peb 1893.
$76,000 I Population in 1890 was....38,709
K K F A A . *18.000 ...Sept.. 1893 Os. JAJ, *15.000.........July. 1916 Tnt.,,
I N T E R E S T nu all the 10 percent bonds, except the Dallas A Wichita ?axla!uatlonl892 .:.: 9,000,000 |Population in 1880 was....25,501
tame. Is paysbioat Dallas: on the Dallas A Wichita and the Texas A
Bad fie ls*ue«, at Austin, Texas, by State Treasurer; on the East Dallas F A Y E T T E C O —R. T. B r a d s h a w , Treasurer.
County seat is La Grange.
01
bond, due In 1910, at St. Louis, Mo. On all other loans interest is
payable In New Y ork : on the afreet Improvement 5s due In 1928 and
1929 and the wweraire Improvement due In 1920 both In New Y ork and
In London,and on bonds due lu 1931 both In New York and St. Louis, Mm
w o r t h
— j M. EL8EK, Treasurer
T O T A L D E B T E t c —On January 24, 1893, the city’s total bonded f o r t
debt w*s *1 jet i,(its * The subjoined statement shows tie ^
.
This city Is the county seat of Tarrant County.
j*—a
a
.
i
.4 held by the city niraiu*t the *£”*«• “ *
MI
debt, the -inkin'* fund l,.l,l ».** tlia nltr lllfllill.ft til#? Willie, tllO WH J
6 Se w e r B onds _
When Due.
LO ANS5, g„ MAN, $125,000..May 1,1940
H S I e e d the etty'a floating debt in each of the ln*t tlucc jiain.
F unding B onds —
1890.
Str e e t and Se w er B onds1891.
$1,083,600 5s, J&J, $275 U00..... Jan. 1,1920 78, M&8, $96,000................. 1904
$1,499,600
>1 1)06.600
Total eity bonded debt
225,5»0 6s, J&J, 175 0 0 0 ...... Jau. 1,1922
G eneral I meovement —
121.310
1
23,470
floating debt s.,*.......
H igh Sc h o o l 5 g, M&8, $300,000 ...Mch. 1,1921
85.000
85,000
“
t Dai 1 bo n d *........
na
5s. J&J, $90,000.................. 1920
ft W a te r B onds r e d e m pt io n B onds —
$1,309,180
5 g., MAN, $100,000..May 1,1920
$1,705,9’ 0
Total debt........................ ^2 0l1 ,2 wJ
« 7<
361.OO0 5s, semi-ami., $158,000.May 1, 23 6 g., F&A, 650,000 ..Feb. 1,1922
627,000
Water bond*. Inclndw! al»ove. . 660,000
21.000
69.000
Water notes, included above...
67,200 ft $1,000 each.
93,160
Annual Int'st rb’xe (city b'da)..................
178
STATE ATJE CITY S U m E M E T J T -
P A R V A L U E O F BO ND S.—Recent loans have beeu issued in $1,000
pieces.
IN T E R E S T is payable in N ew Y o rk City.
G O LD BO ND S.—A ll bonds arepayablein gold
T O T A L D E B T, E T C .— The city’s total bonded debt on Jan. 1,1893.
was $1,219,000; floating debt. $15,000; total debt, $1,234,000; sinking
fund, $101,000; net debt, $1,133,000; water debt (not included in the
above total), $750,000.
The city owns property valued at $1,350,000.
D E B T L IM IT A T IO N .—The city’s debt is limited by the city’ s charter
ot March 20,1889 to G per cent on the taxable vulues as shown by the
rolls.
ASSESSED V A L U A T IO N .—The oity’s assessed valuation (which is
80 per cent o f aotual value) and tax rate have been as fo llo w s :
Personal
Assessed
Tax Rate
Tears.
Real Estate.
Properly.
Valuation, p er $1,000.
1892................... $14,023,103
$7,837,225
$21,860,328 $21-75
1891................ .
...........
...........
23.944,987
........
1890................... 16,502,625
4,804,160
21,306,785
2055
4,715,143
15,958,870
21-55
1889.................. 11,243,727
The tax rate in 1892 includes city ta x proper, $13-50; county tax
$5-50; State tax, $1-50; average school tax, $1-25; total, $21-75.
P O P U L A T IO N .—Tn 1890 it was 23,076—as returned by the city
enumerator, 30,000; in 1880 it was 6,663.
a 7 - ,t r - Q \ 7'| r t tv'
n
t.TNO. T. W A L K E R , Mayor.
V J -A 1 1 N
V 1 L . L . J A .— , Ji. 8, BROOKS, City Treasurer.
This is the county seat of Cooke County.
TFAen Due. Sinking fund.................. $11,954
LO ANSCit y H a i .i. B onds —
Net debt Jan. 1,1892....
60.046
6s. M&N. $6.500........ May 1,1904 Tax valuation, real....... 2.270,836
F u nding B onds Tax valuation, personal. 1,635.269
68, A&O, $10,000.......Oct. 1,1906 Total valuation 1892___ 3,906,105
Schooi bonds —
Assessment is % actual value.
6s, A&O, $16,000.......Apr. 1,1916 State tax (per $1,000). . .
$2-90
Se w e i a o .: & St k e e t I m p .—
County tax (per $1,000).
5-43
6s, A&O, $10,000....... Apr. 1,1919 City tax (per $1,000)___
7-01)
6s, A&O, 30,000.......Oct. 1,1941 Average school ta x ........
5-00
Interest payable in St. Louis, Mo. Population in 1890 was........6,563
Total debt Jan. 1, 1893... .$72,500
O P T IO N A L .—A ll of the city’s bonds are subjeot to oall from live to
tw enty years.
(T A T
'V T T C i ’T ’ O T x r
( R. L. FU LTO N , Mayor.
V IL O 1
— 7 R. I I . H E R M A N , Auditor.
Galveston is the county seat o f Galveston County. The eity has sold
$250,000 of the $1,240,000 loan authorized thiB year. See V. 53, p. 978.
LOANS—
When Due. 5s, J&D, $50.600...................1931
F ib e D e p a r t m e n t B on d s—
Subject to call after 1901.
10s...................... $4,200, past due
P urchase B lo ck 321L im it e d D ebt —
8s, M&S, $35,000...... 1893 to 1903
#3, J&D, $349,600................. 1920
($3,500 due each year.)
Suldect to call at oity’ s option.
W a t e r w o r k s & St r e e t I m p .—
#3. J&D, $468,800................. 1925 5s, J&D, $500,000.................. 1928
Subject to call after 1895.
Subject to call after 1908.
6s. J&D, $431,000................. 1928 5s, J&J, $130.000.................. 1932
Bubjeet to call after 1898.
Subject to call 1902.
P A R V A L U E O F BO ND S.—The lim ited debt bonds are $100 and
multiples thereof.
IN T E R E S T is payable In New York and Galveston.
ta x receivable.
A ll coupons are
T O T A L D E B T, S IN K IN G FU N D S , E T C .- T h e subjoined state
m ent shows Galveston’s total bonded and floating debt and the sinking
fund held by the the city against the same, on the first o f December
1892 and 1890.
_ ^ .
Dec. 1 , ’92. Deo. 1 ,’ 90.
Total bonded debt (including water debt).........$1,969,200 $1,887,200
140,065
64,768
Floating debt (Interest accrued, etc.)................
Total debt.................................................... $2,109,265 $1,951,968
440,419
Sinking fund, &c................................................ $477,549
N et debt........................................................ $1,631,716
$1,511,549
In addition to the sinking fund, as given above the city own
$622,200 o f wharf company stock and $6,930 o f City Railroads
stock (the income o f both pledged to secure its lim ited debt 5
per cent bonds), a water works plant valued at $450,000, an electrio
light plant and publio market valued at $46,180, etc., etc., the total
value of its public property being $1,955,560. In 1891-92 the wharf
company stock yielded $37,332.
The sinking fund receives yearly an amount equal to 2 per cent o f the
outstanding bonds. The ordinance respecting the limited debt bonds
provided that their sinking fund inoome should be Invested In bonds of
the State o f Texas or in bonds o f the United States.
D E B T L IM IT A T IO N .—The oity can issue bonds only with legisla
tive authority and is forbidden to make loans fo r railroad aid.
ASSESSED V A L U A T IO N .—The city’s assessed valuation “ about
45 per oent actual value,” and tax rate have been as fo llo w s ;
Personal Total Ass’d Oity Tax
Tears.
Real Estate.
Property.
Valuation, per +1.000
1892............................ $17,843,455 $5,269,541 $23,112,996 $15-00
1891............................ 17.618.035 5.363.103
22,981,138 1500
1890........................... 15,970,935 5,062,899
21,033,834 15-00
1889........................... 15,649,695 4,619,635
20.314,334 1500
1881..................................................................
17,625,862 ........
In addition to the city ta x as above there was In 1892 a school tax
o f $2-00 (per $1,000), a State ta x o f $2*75 and a county ta x $7-50,
making the total tax (per $1,000), $27-25.
P O P U L A T IO N in 1890 was 29,084; in 1880 it was 22.248; in
1870 It was 13,818.
G A L V E S T O N C O . —J as . S. W aters , Treas.
County seat is Galveston. In addition to the county’s debt as given
on Feb. 1,1893, the county has since sold bridge bonds as described
below to the amount o f $185,000.
Vol. LVI.
LOANS—
When Due. Sinking fund................. $102,319
B r id g e B onds —
Net debt. Feb. 1,1893..
302,478
5s. Apr. 10, $185,000..................... Tax valuation 1892___ 25,155.130
Subject t " cull after Jan. 10,1903 Assessment about 8, actual value.
G u l p Co l . & S. F e R R .—
State tax (per $1,000)...........$1 -50
6s. M&N, $349,000...May 1,1902 County tax (per $1,000)....... 5-50
Bonded debt Feb. 1,1893 $352,900 Average Rebool ta x ............... 1-25
Floating debt.................. 51,895 Population in 1890 was......31 47ft
Total debt........................ 404,795 Population iu 1880 was......24 ,121
IN T E R E S T is payable in New Y ork and Galveston.
H A R R I S C O U N T Y . — A le x . M cGowan , Treas.
County seat is Houston.
LO AN S—
When Due.
Coiner H ouse B onds —
68, annually, $68,000....................
R o a i > b r id g e , Etc ., B onds —
,
6s, annually, $48,000....................
Total debt .Tan. 1.1893. $111.000
Tax valuation 1892_ 22,332,788
_
Tax valuation 1891
22,394,990
County tax (i»or $1,000) 1892.$5 00
Population in 1890 was......37,249
H A R R I S O N C O .—R. P. L ittlejohn , Treas.
County seat is Marshall.
LOANS—
When Due. Total debt Nov. 14, ’92.. $195,542
Co u r t H ouse B onds —
Tax valuation 1892........ 4.000.0UO
6s, Apr. 10, $44,900. Apr. 10, 1903 Assessment about ^ aotual value.
State tax (per $1.000)........... $1-50
F u nding B onds —
6s, Apr. 1, $32,000 .. Apr. 1, 1910 County tax (per $1,000)........ 10-25
Co m pro m ise R a il r o a d B onds — Average school ta x ............... 1*25
6s, Apr. 11, $118,450. Apr. 19, 1901 Population in 1890 was...... 26,721
IN T E R E S T and sinking fund payments on compromise railroad
bonds are made by State Comptroller.
O P T IO N A L .—A ll bonds ssued by this county are subject to call at
the option of the county.
T A X FREE.—The bonds are all exempt from taxation,
H O U S T O N . — H e n r y Scherffins , Mayor.
This city is in H arris County.
J. H. Ste ve n s B ondsLO AN S—
When Due.
Com prom ise B onds —
88, J&J, $23,000....... Jan. 1,1902
6s, J&J, $500,000...... July 1, 1918
M vrket H ouse B onds—
5s, J&J, 500,500...... July 1, 1918 8s, J&J, $109,000...... July 1,1915
Co n so lid ate d B onds N e w S eries B onds —
68, J&J,
$4,400...... July 1, 1906 10s, J&J, $20,600...... July 1,1901
F unding B onds —
School B >
nds —
6s, J&J, $523.000...... July 1, 1912 6s, J&D, $40,000....... Deo. 1, 1922
............. 60,000...........................
H. T. & B. RR. B onds 88, J&J, $27,500....... Jan. 1.1902
IN T E R E S T —W H E R E P A Y A B L E .—Interest on the compromise
5s and 6s is payable at the Union Trust Company, N ew York City;
interest on the funding 6s at the American Exchange National Bank,
N ew York C ity; others also in N ew York City.
T O T A L D E B T, Et c .—I he city’s bonded debt July 1,1893, waa
$1,787,600.
ASSESSED V A L U A T IO N .—The assessed valuation (about M ac
tual value) is at present estimated at $25,000,000; for 1891 it was
$15,776,449. In 1890 it was $12,946,485; in 1889, $10,366,553.
T A X R A T E (per $1,000) in 1891 was $20*00 for all purposes; in1890 it was divided as follo w s; city ta x $20*00; county ta x $5*00;
State tax $3-25; total $28*25. One-half o f the ta x raised in 1891 is
pledged to pay interest.
Receipts from all sources n fiscal year ending Deo. 1,1889, $145,041; disbursements $135,043; balance in treasury Dee. 1, 1889, $21, 634.
P O P U L A T IO N tn 1890 was 27,557n; in 1880 was 16,513; in 1870was 9,382.
J O N E S C O . — T heo . Bland , County Treasurer.
County seat is Anson.
Valuation, &c.
LOANS—
When Due.
Co u r t H ouse B onds —
Bonded debt Jan. 1892.
$51,7008s. Apr. 10, $28,000.Mar. 31, 1900 Floating d eb t...............
2,498
88, Apr. 10,
500. Jan. 5. 1901 Total d ebt.....................
54,198
7s, Apr. 30,
2,200.Sept. 18,1899 T ax valuation 1891___ 2,628.854
F unding B onds —
Assessment about 25 actual value.
6s, Apr. 10. $10,000. Ang. 26, 1909 State tax (per $1,000)........... $2*95
J a i l B onds—
County tax (per $1,000)....... $6 50
8s, Apr. 10, $5,000.Mar. 25,1901 Population 1890 was.............3,797
R oad an d B kidge B onds —
Population 1880 was............ 546
8s, Apr. 10, $1,500. Jan. 10,1895
6s, Apr. 10, 4,500.... Nov. 14, 1911 j
O P T IO N A L .—The bonds issued by this county are all subject to call
at any time.
IN T E R E S T on the funding bonds is payable in Galveston; on the
6 per cent bridge bonds in Austin; on all other bonds in N ew York, St*
Louis and Paducah, K y.
K A U F M A N C O .— C S. B a l d w in , Treasurer.
County seat is Kaufman.
LO AN S—
When Due. Floating debt.................. $17,300^
Co u r t H ouse B onds .
Tot 11 debt.......................
69,300
8s, Apr., $43,000 ....A p r. 10,1901 Sinking fund..................
8,000
Subject to call at county’ s option. N et debt Apr. 10, 1892.,.
61,000
R o ad a n d B rid g e B onds .
T ax valuation 1890........ 6,889,14$
6s, Apr., $9,000----Apr. 10, 1909 State tax (per $1,000)........... $3*25
Subject to call at county’s option. County tax (per $1,000)........ 6*75
Bonded debt Apr. 10,1892.$52,000 Population in 1890 was.......21,598
IN T E R E S T on the railroad bonds is payable in Kaufman on the
court liouse bonds in Kaufman and Austin, Tex.
L A M A R C O . —J ohn T. H e n ley , Treasurer.
County seat is Paris.
LOANS—
When T>ue. Sinking fund.................. $23,564
Co u r t H ouse an d J a il B onds— Net debt Jan. 1,1893....
17,436
6s, J&D, $21,500....June 1, 1894 Tax valuation, real....... 6,342,764
6s. June, *,500... .June 10, 1904 T ax valuation, personal.3,455,791
J a il B onds —
Total valuation 1892.. .9,798,555
8s, June, $6,000...... June 10, 1897 Assessment about 23 actual value.
R o ad and B ridg e B onds —
State tax (per $1,000)........... $1*50
8s, June, $4,000...... June 10, 1898 County tax (per $1,000)........ 4*50
6s, June, 2.000...... June 10 , 1896 Average school ta x ............... 1*25
Total debt Jan. 1, 1893... .$43,000 Population in 1890 was___37,30$
IN T E R E S T payable at Paris, Tex., and in New York.
O P T IO N A L .—A ll loans o f this county are subject to oall w ith th *
exception of the 8 per cent Court House and Jail bonds.
April, 1893
TEX /IS—CITIES AND TOWNS
L A R E D O .—
i\ A. MCLAIN, Mayor.
R. VLDAUBKI. Treas.
This is the county seat o f Wehb County.
LOANS—
When Due. Tax valuation, real...... $1 817,690
Ci t y I m p r o v e m e n t B o n d s —
Tax valuation, personal
588,180
J&J, $70,(100....... July 1, 1913 Total valuation 1891... 2.405.870
Interest payable in New York.
Assessment is 50 n. c. aetu’l value.
Bop.tcl debt Mar. 15, ’ 93. $70,000 Xtute tax (tier $1,000) ......... $166
Floating d e b t.................... 22,556 County tux (per $1,000)....... 7 00
Total d b t ........................ 92,556 City tax (per $1 ,000) ............ 7 50
Sinking fund..................... 10,810 Average school ta x ............... 1-25
N at debt March 15, 1892 . 81,716 Population 1890 was......... 11,319
P A R I S . — M. J. H athaw ay , Mayor.
This is the county seat o f Lamar Comity.
LOANS
When Due. | C it y D ebt B onds —
City I’ kihox a F ir e D ei*.—
6s, J& J.$10,000....... Feb, l , 1012
6s, J a .t. $0.000....... Nov. 10.1938
Subject to call after Feb. 1,1902
Subject to call after Nov. 10,1898 | W ater Wo r k s B onds—
S treet I m pro vem ent —
{ 6s, J&J. $00,000....... Apr. 1,1937
w* J4J,$50,000 ----Oct. 1,1929 I subject t*» call after Apr. 1,1912
Subject to call after Oct. 1. 1909 |6s, J&J, $23.000...... Oct. 15. 1937
5s, JvVJ. f j 5.000 ..... June 2. 1930 | Subject to call after Oct. 15. 1912
NTE R E ST Is payable at tlio Fourth National Bank, Now York City
on January and July 10 .
T O T A L BONDED DEBT nt the date of our last returns was $177,'
0< »; floating debt, $12,500: sinking fund assets. $12,000; net debt*
m
$177,500; water debt included in total debt, $83,000. Total value of
pr«i>erty owned l»y city $188,000.
ASSESSED VALUATIO N in 1890 of real estate was $2.035,000; per•MUd proiiertx. $
totaL $3.!»S5.CHK): tax rate (per $1,000).
cit\ tax. $11*00; comity tax. 5IK): State tax. $3*25 ; total, $19 25. In
1889 total ii.-ser*i*e<l valuation was $3,891,000.
P O P U LA T IO N .—In 1890 it was 8,254 ; in 1880 it was 3,980.
R E D R I V E R C O U N T Y . — H. C. H ooks,T reas.
County scut U Clarksville.
L O A N S .When Due. Total debt Jan. 1,1892.
$69,500
Corny H o Ilex Bond -.
Tax valuation, real...... 2,100,830
8*. Apr.. *3,0(10..... Apr., 10,1894
Tax valuation, personal 1,914,805
Total valuation 1891... 4.015,635
J a il B n o ix
Assessment about > actual value.
3
6». M a y, $19,000....June 15.1893 State tax (per $1,000)..
$2-91
6», Mav. fS.OOO___Apr. 11,1901 County tax (per $1,000)
6-50
6a, May, $5,500.. ..May 13. 1904. Population 1890 was.......... 21.452
S U B JE C T T O C A L L .—A ll the loans are subject to call before ma
turity.
IN T E R E S T 1* payable partly in St. Louis and partly in Austin and
Parts.
6«, Apr.. 39.000..... Apr., 10, 1894
RU NNELS
C O U N T Y . —W.
a
. Rives, Treas.
County *eal In Ballinger.
LOANS—
When Due. I Floatingdebt June 1 ’91.
$2,000
B ridg e Bo * o* ~
i Total debt June 1, 1892.
80,880
6*. AAO, $14,3*0___Apr. 10, 1910 Tux valuation, real....... 2,500,000
............ $20,000 .. .................... |Tax valuation, personal. 1,904.920
Co u r t II ik k Bo v m —
1Total valuation 1891
4,404,920
6s. ......,$35,500........................... ! 8tale tax (per $ 1 ,000)..
$100
J a il Bond * C o u n ty tax iper $1,000).
$7*50
$2*00
6 * . ....... . $0,gOO............................ i Average school ta x .......
Bouded debt June 1, 1$92.$78,880 | Population 1890 was............3,193
IN T E R E S T OB th ebridge bond* duo in 1910 la payable at the St.
Loul* National Bank; on the court house bond*, In Austin, Tex.
SA N
A N T O N I O . — F f rd. H erfp, J r., Treas.
.
Th U In the county aeat o f B ex a r County.
LOAN**—
When Due. i 6*. *em l an.. $50,000. Ju ly 1, 1919
B u d g e Bo n d *—
Subject to call a fte r Ju ly 1,1909
5«, M5iui an., $50.000.Sept.15,1920
R e f u n d in g B u n iw Subjeet t«
mi-nn., $ 1 2.500. Jan. 1,1890
CfTT I I s le , Kt c . ( 1 Hs -d —
6a, M*nii-a!i.. 40.000. Hejit. 1, 1901
fit. MTul-an $ j m i .imhi %«g 1,1917 1
• call Sept. 1,1891
Hut*Je« t to call Aug. 1, 1897 5*. win!-an.,$50,uo0 Sept. 15, 1905
E l b CTRK: F ir e A l a r m s y s t e m —
Sc i p h i i , B u il d i or , E t c .—
5s, fteuii an.. $25,000 Sept.15.1920 5s, K**inl-au..$50,000.Sept. 15, 1920
Hubjeet to call Sept. 15,1910 | su bjeet to call Sept. 15, 1910
J udgment B o m * —
Sid e w a l k B ond *—
6s. M -n ilm .. $51.000 M ay 1. 1902 I 6s, -im l-aii..$10,000. N ov. 30. 1931
179
ASSESSED V A L U A T IO N .—The city’s assessed valuation (“ about
60 per cent cash value ” ) aud tax rate have been as follow s;
Personal
Total Assessed City Tax
Tears.
Real Estate.
Property , etc.
Valuation. rter $1,()0O.
1891............. $23,780,725
$6,974,760
$30,755,485
$14-65
1890............. 21.640,7*20
5,980,230
27,620,950
11 -00
1889............. 16,245,275
5,134,550
21.379,825
11 *50
1388............. 13.627,571
4,792,413
18,419,984
11 *00
1887............. 12,851,558
4,442,340
17,293,898
12*00
1880............. 6,247.855
2,188,701
8.436,556
10-00
1370.............
3,518.065
....
3,518,065
5 00
The personal property in 1889 includes personal property, $1,863,*
210; moneys, etc., $1,698,825; merchandise, $1,572,515.
P O P U L A T IO N .—iu 1890 population was 37,673; in 1880 it wae
20,550.
S H E R M A N . —J. TV. L evy . Mayor.
Sherman is the county seat of Grayson County.
LO A N S —
When Due.
I m provem ent B onds—
F unding F lo ating D krt—
6 s , ...... $15.000.....................1940
8s, May. $22.988......... May, 1895
Subjeet to call after 1900
Subject to call at city’s option.
..s ,....... ,$20.000.............. ........
H ouston & T ex . C ent . R y . W ater W orks B onds—
6s, A&O, $28,776....... ........... 1894 6s, A&O, $63,000.................. 1936
T exas & P ycific R y .—
Subject to call in 1906
6s, A&O, $54.780.................. 1904
INTEREST—WHERE PAYABLE.—Interest on the water bonds is
payable at the Bank of the Republic, New York City; on the railroad
bonds by State Comptroller at Austin; on the funding bonds at Sherman
T O T A L DEBT, E TC .— The total bonded debt at the date o f our last
last returns was $234,000;■bonds in sinking fund canceled $60,240;
net debt $173,760; floating debt $11,000. The bonds in the table are
given less the amounts in the sinking fund canceled. The total debt on
Sept. 1, 1891, was $185,880.
ASSESSED VALUATION in 1891 was $4,966,334; in 1890 it was
$2,817,000. Total tax rate (per $1,00(») $11*00. Real estate in 1890
assessed at “ about 60 per cent of its actual value.’’
POPULATION in 1890 was 7,335; in 1880 was 6,093.
T R A V IS
C O U N T Y . —E d. A ndersom, Treas,
County seat is Austin.
LOANS—
When Due.
B ridge B ovd 'o6s. Apr. 10, $73,000. June 16,1906
6s. Apr. 10, 5,000.Dee. 6,1908
6s. Apr. 10, 10.000.Dec. 22,1908
6s. Apr. 10, 10,000. Feb. 12, 1909
6s, Apr. 10, 15,000.June 6,1899
6s, Apr. 10, 22.000. July 6,1909
6s. Apr. 10, 11,000.May 17,1910
INTEREST is payable in Austin,
6s, Apr. 10, $9,000.Aug. 13,1910Os, Apr. 10, 10,500.Nov. 15,1900
Co urt H ouse vnd J il B onds—
7s, Apr. 10, $1,000...Feb. 13, 1899
Total debt Jan. 1, 1893.. .$169,500
Tax valuation 1892.... 15,797,300
County tax (per $1,000)
$5 00
Population in 1890 was.....36,322
Population in 1880 was..... 27,026
Tex.
V A L V E R D E C O . — W. W.
F
reem an,
Treas.
County seat is Del Rio.
Valuation —
LOANS—
When Due.
B hidge Bonds —
Tax valuation, real...... $1,435,899
6s, Apr. 10, $3,500 ..Apr. 10,1900 Tax valuation, person!. 2,358,480
6s, Apr. 10, 1,500 .. Apr. 10, 1911 Total valuation 1892... 3,794,379
C4»ukt H ouse B onds'ssessmeut is Lj to % act. value.
68, Apr. 10, $37,500..Feb. 19,1902 State tax (per $1,000)...........$2*75
County tax (per $1,000)....... 5*50
J a il Bonds—
6k, Apr. 10. $5,765 ..July 21,1901 \ verage school tax 1891...... 1*59
Population in 1890 was....... 2,874
Interest payable at Austin, Tex.
Bonded debt Jan. 1..........$48,265
All bonds are payable at the option of the county.
T A X F R E E —A ll bonds issued by this county are exempt from
taxation.
V I C T O R I A C O .—E. A.
P e r r e n o t , Co Clerk.
.
County aeut is Viotoria.
J a il B onds —
LOANS—
When Due.
r>s.......*i>,o:)o.............
B rido k B >
nds—
* 0,70H
7s.......*o.709................................. Total debt June 1, 189:
3,088,009
Tax valuation 1891 —
Court II ousk B onds—
......8,737
Gs, Apr., *75.000___Apr. 10,1907 Population 1890 was..
Population 1880 was.. ____ 6,239
S bject to call.
u
rR ol'F R TY 0»NDKMNF.D, KT*’.— i SllbJ*»ct to call NoV.30, 1921
B i, !..; mi $75.04X1 Sept. 15.1920 5s, -.-h i i-an..$10.000.J u ly 1,1919
, i , a s-. ,—
,
5 C, C. McCUBBOCH, Mayor.
Hul'Jcx't to ca ll "iKpt. 15,1910 j Subject to call July 1.1909 W A L U . — ) \v. W. 8EBEY, Treasurer.
P r m .ir I m f r o v e m e n t x —
5a,*c.ml-an..$10,000.S e p t.l5, 1920
This city is lu MeBeumui County.
7x, »enii-an.. fl0.OOO .Hept.15.1893
su bject to
call Sept. 15, 1910
6*. •eml nn.. $5o,ono. Aug. 1, 1908 | St r e e t I m im io v e yik n t B o nd s —
LOANS—
When Due. 5s, J&J, $39,000....... .Tilly 1.1921
HuDJert to ra il a fter Aug. 1, 189s fix, (*«-rnl-:iu.,$50,000.N ov. 30, 1931
Str e e t I mprovement B onus—
C it y H alt. B onds—
6s. •♦•ml an., $50,000 M ay 1.1915
Subject to
c a ll Nov. 30, 1921 6s. A,tO. *52,000..... Oct. 1,1907 (is, J&J, *25,000.......Jan. 15, 1907
6*. «r!id'nIE. $50,000 A ug. 1. 1916 !5**, *em i an..$25O,O0OJuly 1, 1919
5s, A&O, 114,000.......Oct. 1, 1919
F unding B onds —
8nl*ji*et to call a fter Aug. 1, 1896 i Butdect to call July 1,1909 5s, .TAJ, *40,000....... July 1, 3919 5s, M&S, 90,000...... Sept. 1, 1920
6s. AA-tni-an.. $50.04R) Ju ly 1, 1917 5s, Mini•:u i ..$50.‘ mm) Sept. 15. 1920 5s, J&.I, 40,000....... July 1,1921 5s, J&J. 146,000...... July 1,1921
W aco & N.W. KR.—
Hubje- t to ra il a fte r Ju ly 1, 1907 I Subjeet to
call 8 ep t.l5 , 1910
Skiver Bonds—
IN T E R E S T -W H E R E P A Y A 8 L E . - In t * * r e * t u payable at Troas- Gs, J&J, *20.000....... Jan. 15,1907 8s, M&N, *40,500....vrr-r** ottlce in San A ntonio o r at the Fiscal A gen cy in N ew 5 ork.
T O T A L BONDED DEBT February 1,1893, was $642,500; floating
T O T A L DEBT, SINKING FUNDS, E t c .- T h e subjoined state debt, *42,000; total debt, *684,500. Sinking funds, *124,500; net debt
ment shown Han A n to n io'* total lwm<l«*<l debt aou t le Kinking fund held February 1,1893, *560.000. Total value of property owned by city on
by thi* city agu in «t the some on the first o f February 1892, and on the
January 1, 1893, Including public schools, *761,526.
first o f M arch 1HIRE
1892.
1890.
ASSESSED V A L U A T IO N lu 1892 was *10,641,814; In 1890, *8,Total bonded d e b t .............................................. $1.223,500
$907,500 337,051 ; in 1889, *6.757,536. State and county tax rate in 1892 (per
Sinking fund* (city 's b o n d * )................................................
54,000
*1,000), *3-30; city and -cliool tax, *16-80; total, *20-10. City tax
rate in 1890 (per *1,000), *16-80 ; county tax, *3-40; State tax, *1-60 )
Floating debt ....................................................................
total, (21*80. Property is assessed at 60 per cent of its actual value.
T h e winking fund receive* y e a rly an am ount equ al to 2 per cent o f the
P O P U L A T IO N .—The population In 1890 was 13,067; in 1880 was
OXIt-Ll tiding »W<iit.
___
7,295.
T h e c it y ow n * prop erty valued at $577,550.
N et d e b t................................... ........................ *....................
STATE
$853,500
OF N EW Y O R K —Savings Bank Investments.
cities, less water debt and sinking fund, shall exceed 7 per centum oi
AMENDMENT OF LAW REGARDING SAVINGS BANK INVEST its valuation for purpose- of taxation, its bonds aud stocks shall there
MENTS.—since tlie form containing the digest of N. Y. Savings Bank
laws went to pres-, the Legislature has passed and the Governor lias after cea-e to be an authorized investment for the moneys of New
signed Senator Blood good's hill extending slightly the scope of invest-
■WBtk o f the savings institutions. Tlio bill ullows the banks, in addi
tion to the investments as given on page 42 o f tills Issue o f the St a t e
and C it t Su p p l e m e n t , to Invest in the Rtocks or bonds o f Boston,
W orre.t-r, St. Bonis, Cleveland, Detroit, Providence and New Haven.
that If at any time the Indebtedness of any of said
The hill pro Till',,
York savings banks; but tlie Superintendent of the Banking Departs
ment may, in his discretion, require any savings bank to sell or retain
such bonds or stocks as may have been purchased prior to the increase
of debt. An unsuccessful attempt was made to amend this hill to
inolude the secn Ales Issued by Philadelphia, P.ttsburg, Lowell, Cam
bridge, Newark, Baltimore, Chicago, Milwaukee aud Cincinnati
180
Vol. L V I
IN D E X .
G ENERAL
INDEX
TO
S T A T E S , C IT IE S , C O U N T IE S
berdeen, S. D ....................... 110
A blleue, Texas....................... 176
Abington, Mass........................ 20
Abington, P a........................... 65
Ada County, Idaho.................. 131
Adair County, M o.................... 112
Adams, Mass............................ 20
Adams County, II I ................... 01
Adams County, Miss................. 172
Adams County, Neb................. 121
Adams County, Ohio............... 77
Agawam, Mass......................... 20
Akron, Ohio.............................. 77
Alabama....................................169
Alameda, Cal.............................112
Alameda County, Cal............... 142
Albany, Ga................................166
Albany, N. Y ............................. 43
Albauy County, N. Y ............... 44
Alban y County, W yo................ 132
A lb ert Lea, Minn......................105
Albion, Mich............................. 97
Alessandro Irrig. Dint., Cal — 142
Alexander County, 111.............. 91
Alexandria, "N. Y ..................... 44
Alexandria, Va...........
152
Allegheny, Pa........................... 65
Allegheny County, P a.............. 66
Allen County, Kan....................125
A llen County, K y ..................... 157
Allen County, In d ................... 87
Allen County, Ohio.................. 77
Allentown, P a .......................... 66
Alliance, Ohio........................... 77
Alton 1 1
1 .................................... 91
Altoona, P a............................... 66
Alturas County, Id a h o .............134
Amboy, 111................................ 91
Americus, G a........................... 166
Amesbury, Mass....................... 20
Amherst, Mass.......................... 20
Am herst County, V a ................153
Amsterdam, N. Y ..................... 44
Anderson, Ind.......................... 87
Anderson, 8. C.......................... 164
Anderson County, K a n .............125
Andes, N. Y .............................. 44
Andover, Mass......................... 20
Anne Arundel County, M d...... 74
Anniston, A la ........................... 170
Ansonia, Conn.......................... 37
Apache County. A riz................ 140
Arapahoe County, Col.............. 136
Arclibald, P a ............................ 66
Areola, 1 1 ............................... 91
1
Aristook County, M d............... 10
Arizona Territory.............. 139-140
Arkansas.................................. 174
Arkansas City, K an ................. 125
Arlington, M ass....................... 20
Armstrong County, P a ............ 66
Asbury Park, N. J .................... 58
Asheville, N. C.......................... 162
Ashland, K y ............................. 157
Ashland, P a.............................. 66
Ashland, Wis.............................101
Ashland County, W is................101
Ashtabula, O h io ....................... 78
Astoria, Ore.............................. 146
Atchison, K a n ..........................125
Atchison County, K an .............. 125
Athens, Ga................................ 166
Athol, Mass............................... 20
Atlanta, G a ............................... 167
Atlantic City, N. J .................... 58
Attleborough, Mass.................. 20
Auburn, Me.............................. 10
Auburn, N. Y ........................... 44
Augusta, G a............................. 167
Augusta, M e............................. 10
Aurora, 111............................... 91
Aurora, Neb.............................. 121
Austin, M inn............................ 105
Austin, T ex ............................... 176
Avondale, Ohio........................ 78
Ayer, Mass............................... 21
M d..................... 74
B altimore,is........................... 101
angor, M e........................... 11
Baraboo, W
Barber County, K a n ................. 125
Barnes County, N. D ...... ......... 117
Barre, V t ................................. 17
Bartliolomey County, In d ....... 87
Bath, M e.................................. 11
Baton Rouge, L a ......................172
Battle Creek, Mich.................. 97
Bay City, Mich........................ 97
B ay County, Mich.................... 97
Bayonne, N. J .......................... 58
Beardstown, 111........................ 91
Beatrice, N eb ........................... 121
Beaver Falls, P a....................... 66
Beaver Head County, M ont___130
Becker County, M inn.............. 105
Bedford, Va...............................153
Belfast, M e.............................. 11
Bell County, T e x ......................176
Bellaire, Ohio........................... 78
Bellefontaiue, Ohio.................. 78
Bellefonte, Pa.......................... 66
B elleville, 111........................... 91
Belleville, N. J ......................... 58
Belmont, Mass......................... 21
Belmont County, Ohio............ 78
Bement, 111............................... 92
Bent County, Col......................136
Benton Couuty, M o................. 112
Bergen County, N. J ................ 58
Berkeley, County, W. V a ......... 156
AND
Berkshire County, Mass.......... 21
Bernalillo County, N.M .......... 139
Bernards, N. J ......................... 58
Beverly, Mass.......................... 21
Bexar Couuty, T e x ...................177
Big Rapids. Mich..................... 97
Bingham County, Idaho........... 134
Binghamton, N. Y .................... 44
Birmingham, A la ......................170
Birmingham, Conn.................. 37
Bismarck, N. D .........................117
Blair. N eb..................................121
Blair County, P a....................... 66
Bloomfield, Conn..................... 37
Bloomington, 1 1....................... 92
1
Bloomington, M o......................112
Bloomsburg, Pa....................... 66
Blount County, Tenn.............. 160
Blue, M o................................... 112
Blue Earth County, M inn....... 105
Bluefield, W. V a ....................... 156
Bolivar County, Miss.............. 172
Boone County, N eb .................. 121
BoonviUe, M o............................112
Botetourt County, V a .............. 153
Boston, Mass........................... 21
Boulder, Col............................. 136
Boulder County, Col................. 136
Bourbon Couuty, K an .............. 125
Bowling Green, Ohio............... 78
Bozeman, M ont........................ 130
Bradford, Mass........................ 22
Bradford, P a ............................ 66
Brainerd, Minn.........................105
Braintree, Mass...................... 22
Braxton County, W. V a ........... 156
Brazil, In d ............................... 87
Bridgeport, Conn..................... 37
Bridgeton, N. J ........................ 58
Brimtield, 111............................ 92
Bristol, Conn........................... 37
Bristol, R. 1.............................. 34
Bristol, V a ................................153
Bristol County, Mass............... 22
Brockton, Mass........................ 22
Brooke County, W. V a .............156
Brookline, Mass....................... 22
Brooklyn, N. Y ........................ 44
Brooklyn, O h io........................ 7S
Brown'County, K an ................. 125
Brown County, T ex .................. 177
Brown County, W is................. 101
Brunswick, G a.......................... 167
Brunswick, M e......................... 11
Buchanan County, M o.............. 112
Bucks County, P a .................... 66
Bucksport, M e.......................... 11
Bucyrus, Ohio.......................... 78
Buffalo, M o...............................112
Buffalo, N . Y ............................ 45
B uffalo County, N eb................. 121
Buncombe County, N. C........... 162
Burleigh County, N. D ............. 117
Burlington, Io w a ......................108
Burlington, N. J ....................... 58
Burlington, V t .......................... 17
Burlington County, N. J ......... 58
Burrillville, R. 1....................... 34
Burt County, Neb.................... 121
Butler County, Neb................. 121
Butler County, Ohio............... 78
Butte, Mont....... ...................... 130
Butte County, Cal.................... 142
ache County, Utah.............. 138
a ir o ,Ill................................. 92
Calais, Me................................. 11
Calaveras County, Cal.............. 142
Caldwell County, K y .................157
C aliforn ia................................. 141
Calumet, Mo.............................. 112
Callaway County, M o................112
Cambria County, P a ................. 66
Cambridge, Mass..................... 23
Cambridge, O h io ..................... 78
Camden, M e.............................. 11
Camden, N. J ............................. 59
Camden County, N. J ............... 59
Campbell County, V a ............... 153
Camp Branch, M o.................... 112
Canton, Mass........................... 23
Canton, Ohio............................ 78
Canton Village, N. Y ............... 46
Cape Girardeau (city) M o....... 113
Cape Girardeau (town’p) M o... 113
Cape May, N. J ........................ 59
Carbon County, W y ...................132
Carlisle, P a .............................. 66
Carroll County, N. H ............... 13
Carthage, Mo........ ................... 113
Cartilage, N, Y .......................... 46
Cascade County, M ont.............. 131
Cass Comity, Io w a....................109
Cass County, Neb......................121
Cass County, N. D .................... 117
Cass County, M o....................... 113
Catasauqua, P a ........................ 66
Catskill, N. Y ........................... 46
Cecil County, Md.............
74
Cedar Rapids, Io w a...................109
Center, M o................................ 113
Central City, Neb..................... 121
Chadron, N eb........................... 121
Chaffee County, Col...................136
Chamberlain, 8. D .................... 119
Chambersburg, P a .................... 66
Champaign, 111.......................... 92
Chariton, Mo.............................113
Chariton County, M o.... ...........113
Charles City, Io w a .................... 109
C
TOW NS
G IV E N
IN
Charleston, 111......................... 92
Charleston, 8. C.........................165
Charleston County, 8. C........... 165
Charlotte, N. C.'.........................162
Charlottesville, V a .................... 153
( hatauqua Comity, Kan........... 125
Chatham, Conn........................ 37
Chatham, Mass......................... 23
Chattanooga, Tenn.................. 160
Cheboygan, Mich..................... 98
Chelsea, Mass........................... 23
Cherokee Comity, Io w a ........... 109
Cherokee County, N. C.............162
Chester, N, Y ........................... 40
Chester, P a - .............................. 66
.
Chester County, P a .................. 66
Chester Comity, 8. C ................. 165
Cheyenne, W y........................... 133
Chicago, 111............................... 92
Chicopee, Mass......................... 23
Chicot County, A rk ...................175
Chlllicothe, M o.........................113
Chillicothe, Ohio...................... 78
Chippewa County, Wis............ 101
Chateau County, Mout.............. 131
Christian Comity, K y .............. 157
Cincinnati, O h io..................... 78
Circleville, O h io ....................... 79
Clallam Comity, Wash.............. 148
Claremont, N. H ...................... 14
Clark County, 111..................... 92
Clark County, Kan....................125
Clark County, K y ......................157
Clark County. Mo..................... 113
Clarke Comity, V a .................... 153
Clarke County, Wash................148
Clarksville, Tenn......................160
Clay Centre, K a n ..................... 125
Clay Comity, I o w a ...................109
Clay County, Minn.................... 105
Clay County, K a n ..................... 125
Cleburne, T e x ............................177
Clermont County, Ohio........... 79
Cleveland County, N. C .............162
Cleveland, Ohio........................ 79
Clifton, Ohio............................. 80
Clintou, Io w a ........................... 109
Clinton, Mass........................... 23
Clinton County, In d ................. 87
Clinton County, Mo.................. 113
Clinton ount.v, N. Y ............... 40
Cloud County, K an ....................126
Coatosville, P a ......................... 67
Cobleskill, N. Y ........................ 46
Cochise County, A r iz ................140
Coconino Comity, A riz.............140
Coffey County, K a n .................. 126
Cohoes, N. Y ............................ 46
Colchester, Conn...................... 37
Coldwater, M ich....................... 98
Cole County, M o......................113
Colfax, Wash............................ 148
College Point, N. Y .................. 46
Co lorado............................. 134-135
Colorado Springs, Col................136
Columbia County, N. Y ............ 46
Columbia, P a............................ 67
Columbia, 8. C .......................... 165
Columbus, G a............................167
Columbus, In d .......................... 87
Columbus, Miss.........................172
Columbus, N eb.......................... 121
Columbus, Ohio........................ 80
Concord, N, H ........................... 14
Concord, Mass.......................... 23
Conejos County, Col................. 136
Connecticut.............................. 35
Conshohocken, P a .................... 67
Con verse County, W yom in g— 133
Cook Comity, W yo....................133
Cook County, 111....................... 92
Corning, N. Y ........................... 46
Corpus Christie, T ex as............ 177
Corry, P a .................................. 67
Corsicana, T e x .......................... 177
Cortlandville, N. Y .................. 46
Corvallis, Oreg......................... 146
Coshocton, Ohio....................... 80
Council Bluff's, Io w a ................. 109
Covington, K y ..........................157
Cowley County, K an.................126
Crane, Ohio.............................. 80
Cranstone, R. 1......................... 84
Craven County, N. C ................. 162
Crawford County, 111............... 92
Crawford County, P a ............... 67
Creston, Io w a ........................... 109
Crook County.......................... 129
Crow W ing County, M inn....... 105
( uivre, M o................................ 113
Cumberland County, N. C........162
Cumberland, M d....................... 74
34
Cumberland, R. 1...................
Cuming County, Neb.................121
Custer Comity, Mont................131
Custer County, 8. D .................. 119
Custer Couuty, Idaho............... 134
ade County, M o.................. 113
® * akota Comity, Neb............. 121
Dallas Comity, M o....................113
Dallas Couuty, T exas...............177
Dallas, T ex as........................... 177
Danbury, Conn........................ 37
Danvers, Mass.......................... 24
Danville, II I ............................. 92
Danville, P a ............................ 67
Danville, V a ............................. 153
Dark County, Ohio.................. 80
Dauphin County, P a ............... 67
SU PPLEM ENT.
Davenport, Io w a ..................... 109
Davison County, 8. D .............. 118
Dawson County, Mont............131
Dayton, K y .............................. 157
Dayton, Ohio............................ 80
Decatur, III.............................. 93
Deer Lodge Couuty, Mout....... 131
Defiance, Ohio......................... 81
Delaware.................................. 81
Delaware, Ohio........................ 79
Delaware, County, In d ............ 87
Delaware Couuty, P a ............... 67
Delhi. N . Y ............................... 46
Denisou, Texas........................ 177
Dennison, Ohio........................ 81
Deuver, Col........................136-137
Derby, Couu............................ 37
Des Moines, Io w a ..................... 109
Detroit, Mich........................... 98
Dickey County, N. D ................117
Dickinson County, Kan........... 12C
District of Columbia............... 75
Dixon, 1 1................................. 93
1
Dodge County, Neb.................. 121
Dona Ana County, N. M........... 139
Doniphan County, Kan............ 126
Dour County, Wis..................... 101
Douglas Couuty, Kan............... 120
Douglas County, Neb............... 121
Dover, D el............................... 72
Dover, N. H ............................. 14
Dubuque, Io w a .........................109
Dubuque County, Io w a............109
Duluth, M inn............................105
Duluth School D istrict..........105
Dunkirk, N. Y ........................... 40
Duuu Couuty, W is.................... 101
Durham, N. C ........................... 163
Durham County, N.C................163
Dutchess County, N. Y ............ 47
Duval County, F l a ...................168
Duxbury, Mass........................ 24
?agle County, CoL................137
Easton, P a ............................ 67
East Hartford, Conn............... 37
East Lincoln, 1 1....................... 93
1
East Liverpool, Ohio............... 81
East Oakland, 111..................... 93
East Orange, N. J .................... 59
East Providence, R. 1.............. 34
East St. Louis, 111................... 93
Eaton, Ohio.............................. 81
Eau Claire, Wise.......................101
Edwards County, K a n .............126
Edwards County, 1exas..........177
El Dorado County, Cal.............142
Elizabeth, N. J......................... 59
Elmira, N. Y ............................ 47
Elmwood, 111............................ 93
Ellsworth, K a n ........................ 126
E l Paso, Texas..........................177
E l Paso County, •exas.............177
Emmet County, Io w a .............. 110
Emmous Couuty, N. D ............. 117
Euiporia City, Kan.................. 120
Enfield, Couu........................... 37
Erie County, N. Y .................... 47
Erie County, Ohio.................... 81
Erie, P a.................................... 67
Essex, C on n .............
37
Essex County, Mass............... 24
Essex County, N. J.................. 59
Eufaula, A la ............................. 170
Evanston, Wyo......................... 133
Evansville, In d ........................ 87
Everett, Mass........................... 24
f
Ne
F airbury, C onbn....................... 122
airfield,
..................... 37
Fairlield County, Conn............ 37
Fair Haven, v t ........................ 17
Fair Haven, Wash.................... 148
Fall River, Mass....................... 24
Falls County, Texas................. 177
Falls City, N e b .........................121
Fanniu County, T e x a s .............177
Fargo, N. D ...............................117
Faribault, M in n ....................... 105
Farmington, N. H .................... 14
Fayette County, P a ................. 67
Fayette County, Texas.............177
Fayetteville, N, C..................... 163
Fergus Falls, M in n ................. 105
Feraandina, F la ....................... 168
Findlay, Ohio........................... 81
Finney County, K a n ................126
Fitchburg, Mass...................... 24
Flatbush, N. Y .......................... 47
Flint, M ich............................... 98
Florence, A la ........................... 170
Florida...................................... 168
Floyd County, Ga.................... 167
Fluranna County, V a .............. 148
Flushing, N. Y ......................... 47
Fond du Lac, W is .................... 101
Ford County, 1 1...................... 93
1
Ford Comity, K an .................... 126
Fort Scott, K a n ....................... 126
Fort Wayne, I n d ..................... 87
Fort Worth, T e x ....................... 177
Fostoria, O h io.......................... 81
Fountain County, In d .............. 88
Framingham, Mass.................. 24
Frankfort, K y ....................... 158
Franklin, N. H ....................
14
Franklin, N. J .......................... 59
Franklin. Ohio.......................... 81
Franklin, P a ............................. 67
Franklin Couuty, H I ............... 93
April, 1893
181
Franklin County, Kan .
126 [ Hudson, Mass....................... 25 Leadville, Col...........................137 Merrimac County, N. H ........... 14
Fruukliu County, K y...
158 Hudson, Mich....................... 98 Leavenworth, K an ...................127 Meriden, Conn......................... 38
Franklin County, Mass.
25 Hudson, N. Y ....................... 48 Leavenworth County, K an ......127 Mesa County, Col..................... 137
Franklin County. Mo...
113 Hudson City, Wis.................. 101 Lebanon, F a ............................ 68 Miami Couuty, Kan.................128
Franklin County, Ohio.
81 Hudson County, N. J ............ 60 Lee County, Ark...................... 175 Miami County, Ohio................ 83
Frederick, Md
74 Humboldt County, Cal.......... 143 Lee County, Io w a.....................110 Michigan................................. 96
153 J Humboldt Couuty, Nev......... 150 Lehnii County, Idaho............... 134 Michigan City, In d .................. 89
Fredericksburg, Va__
Fredonla, N. Y ..........
47 j Huntingdon County. Pa........ 68 Le Mars, Iowa.......................... 110 Middleborough, Mass.............. 28
Freehold, N. J ...........
59 Huntington County, Ind........ 88 LeRoy-, N. YT............................ 49 Middlebury, v t ....................... 17
93 Huntington, W. Va................. 156 Leominster, Mass..................... 26 Middletield Conn.................... 38
Freeport, 111.............
Fremont, Neb...........
122 Huntsville, Ala.......................170 Lewis aud Clark County, Mont.131 Middlesborough, K y ............
15&
Fremont, Ohio..........
81 Hutchinson, Kans.................. 127 Lewis County, Wash................148 Middlesex County, Mass......... 28
Fremont County, Colo
137 Hyde Park. Mass................... 26 Lexington. K y ......................... 158 Middlesex County, N. J .......... 61
142
Fresno, C al..............
Lewiston, M e........................... 12 Middletown, Coun................... 38
uty. Cal................ 142 | da County, Iowa................. 110 Lexington, Mass...................... 26 Middletown, N. Y .................... 49
74 I * daho...................................133 Lexington, Mo......................... 114 Middletown, Ohio.................... 83
Frostburgh, Md......
I lion, N. Y .............................. 48 Lexington, Va.......................... 153 Middletown, P a....................... 68
178 ' Illinois...........
90 Liberty, N. Y ........................... 49 Midland County, Mieh............. 99
1 alnesville, Texas
93 Independence, Kan................ 127 Licking County, Ohio............... 82 Mifflin County, P a ................... 68
Taleeburg, 1 1
1 ......
93 Indiana................................. 86 Lima, Ohio............................... 82 Milford, Mass.......................... 28
Galrna, 1 1
1
81 Indiana County, Pa............... 68 Lincoln County, K an ............... 128 Milford, N. H .......................... 15
Gallon, Ohi
93 Indianapolis, Ind................... 88 Lincoln, Mass.......................... 26 Mille Lacs County, Minn......... 106
Gallatin County, III...
131 |Inyo Couuty, Cal....................143 Lincoln County, Mo................. 114 Milwaukee, Wis........................102
Gallatin County, Mont
81 Iow a..................................... 108 Lincoln, Neb............................ 122 Milwaukee County, Wis........... 102
Gallipolls, Ohio.........
178 Iowa City, Iowa..................... 110 Lincoln County, N e v ................ 150 Minneapolis, Minn.................. 106
Galvestou, Texas
Galveston County, Texan....... 176 Iron Mountain, Mieh.............. 98 Lincoln County, Wash.......... 148 Minnehaha County, S. D......... 119
Gardner, Hans...................... 25 Iron ton, Ohio........................ 82 Litcliheld, Conn....................... 38 Minnesota............................... 103’
Gurtield County, Col.............. 137 I Ishpenuiug, Mich................... 98 Little Falls, N. Y ..................... 49 Mississippi...............................171
Geary Conuty, Kan................ 126 Ithaca, N. Y ........................... 48 Little Rock, A rk ...................... 175 Missoula, Mont........................131
Lockhaven,Pa......................... 68 Missoula County, Mont............ 131
Gem*»«eo, N. Y...................... 47
Georgia..........................165- *166 ! W ackson, Mich...................... 98 Lockport, N. Y ......................... 49 Missouri................................... I l l
Germantown. Ohio............... 81 • " ackson. Miss...................... 172 Logan, Utah............................. 138 Mitchell County, N. C ..............163
Glastonbury. • ouu............... 37 |Jackson, Tenn........................160 L'-gan County, 111................... 93 Mitchell, 8. D...........................119
i 1 ' *. N. Y ...................... . 47 Jackson County, K an............. 127 Logan County, K y ....................158 Moberly, Mo............................ 114
1
GlenviU**, Ohio ..................... . 81 |Jackson Couuty. Mo................113 Logan County. Ohio................ 82 Mobile, A l a ..............................170
168 Logansport, Ind....................... 88 Mobile County, A la ..................170
Gloucester, Mass.................... 25 j Jacksonville, Fla............
Gloucester, N. J ............ . ...... . 59 I Jacksonville. Ill..................... 93 Long Island City, N. Y ............ 49 Modesto, Cal............................143
Gloucester County, N. J...'..... 59 I Jamestown, N. Y ................... 48 Lon gmon t, Colo...................... 137 Mohave County, Ariz............... 140
47 ! Jamestown. N. D....................117 Lorain, Ohio............................ 82 Moline. I ll................................ 94
Glovereville, N. Y...........
Gogebic County, Mich.....
. 98 Janesville. Wia.......................101 Los Angeles, Cal...................... 143 Mono County, Cal....................139
. 48 ] Jasper County, 1 1
1 .................. 93 Los Angeles County, Cal..........143 Monroe County, 111................. 94
Gouveruuer, N. Y...........
.140 ; Jay County, Ind..................... 88 Louisiana.......................... 172-173 Monroe County, Mo..................114
Graham County, Ariz.....
.117 Jefferson City, Mo...................113 Louisiana, Mo.......................... 114 Monroe County, N. Y ............... 50
Grand Forks, N. D ..........
. 98 I Jefferson County, A la............. 170 Louisville, K y ........................... 153 Montague, Mass...................... 28
Grand Haven, Micli.........
Grand Island, Neb............... .122 |Jefferson County, Ark............. 175 Lowell. M ass........................... 26 Montana..................................130
Grand Rapid**. Mich............. . 98 |Jefferson County, Col............. 137 Lucas County, O liio ................ 82 Montclair, N. J ........................ 61
Grand River. Mo...... .......... .113 j Jefferson County, Fla..............168 Lycoming County, P a ............. 68 Monterey County, Cal.............. 143
1 ............... 93 Lynchburg, Va ... #....................153 Montgomery, A la .....................170
Grunt County, Ind............... . 88 j Jefferson County, 1 1
Kan.......128
Grant County, Kan.............. .126 Jefferson County, Neb............. 122 Lynn, Mass.............................. 26 Montgomery County, K y ........ 159
.158 |Jefferson County, Mont........... 131 Lyon County, Io w a .................. 110 Montgomery County,
Grant County. Ky...............
Montgomery County, Md......... 75
Grant County, N. M............. 139 |Jefferson County, Ohio........... 82 Lyon Couuty, K an ....................128 Montgomery County, Ohio...... 83
Grant County, 8. J>.............. 119 , Jefferson County, Wash.......... 148 Lyon County, K y ..................... 158 Montgomery County, P a ......... 68
Gray County, Kan................ 126 i Jefferson County. W. V a .........156
158 Jeffersonville. Ind.................. 88 *\W neon. Ga......................... 167 Montgomery County, Tenn— 161
Grayson Comity, Ky......... .
1 ............... 93 Montour County, P a ................ 68
Great Falls, Mont................ .131 Jersey City. N. J................... 60 rtJL aeon County, 1 1
Montpelier, V t......................... 17
101 Johnson City. Tenn..................................... 160 Macon County, Mo.114
Green Bay, " is.......... .
1 .............. 94 Montrose County, Colo............137
Greene County, Ind ............. ms Jolm-on County. Kan.......... 127 |Macoupin County, 1 1
. 158 Johnson County, Mo.............. 114 1Madison. Ind__ ” .................... 88 Moutville, Conn...................... 38
Green County, Ky.............
M..................139
Green County, Ouio.............. . 81 Johnson County. Wy............. 133 Madison, N. J......................... 60 Mora County, N. III................. 94
Morgan County,
Greene County, N Y ............ 4* Johnston, R. 1...................... 34 Madison, Ohio....................... 82 Morgan County, Mo.................114
\
Greene Couuty, Mo.............. 113 Johnstown (town), N. Y ........ 48 Madison, Wis......................... 102 Morgan County, O hio............. 83
Greciibiish, N. V ..... ............ . 48 Johnstown, Pa...................... 68 Madison County, Ala.............. 170 Morris County, Kan................ 128
Greenfield. Ma«u*..... ............ . 25 Jones County, Texas............. 178 Madison County. Ill............... 94 Morrison County, M inn ...........106
Madison
88
Gre«*u«boro, N. C................. 163 ! Joplin. Mo.............................114 Madison County, Ind.............. 158 Morristown, Tenn................... 161
County, K y..............
Greenvdie, Mich.................. . 98 > Junction City, Kan................127
. 81 j Juniata County, Pa.............. 68 Madison County, Miss.............172 Morton County, N. D...............117
Greenville, O h io..............Madison Couuty, Mont........... 131 Moscow, Idah o........................134
Greenville, 8. C........ ........... .165
.124 Madison County, Ohio............ 82 Moultrie Couuty, 111................ 94
ansas.
Greenville County, 8. C ....... .165
Pleasant, Mo................
ansa* City, Kan................127 Mahanoy City. Pa.................. 68 Mount Vernon, Ind............... 114
a
Greenwich. Conn ............... . 37
89
Mahoning County, Ohio.......... 82 Mount
Greenwood County, Kan...... .126 Kansas City, Mo..................... 114 Maine
Mount Vernon, N .Y ................ 50
............................ 9 , —
----- - Grlxit" County, N. D ........... .117 Kaw Township. Mb..,............ 114 Malden’ Mass................................. 27 j Mount Vernon,Ohio. .... 83
•
Kaufman County, T ex............178
Groton, Coun......................
Grundy County. Mo............ .113 Kearney, Kt•b.................. ......122
M
Gutteubcrg, N. J................. . 59 KC UDev. N. J.................. ...... 60
Muscatine, Io w a ...................... 110
C
K
Manchester, V a ........................ 154
Manitowoc, Wis..................... 102
Manitowoc County, Wis.........102
Mankato, Minn...................... 106
99 Mansfield, Ohio...................... 82
Kent County, Mieh........
82 Marblehead, Mass.................. 27
Kenton, Ohio
r.............................. 157 Maricopa County, Ariz............140
I Keokuk, Iow a....................... HO Marietta, Ohio....................... 83
i Kern A Tulare Irrig. Di*t.,Cal.l43 Marin County, Cal................. 143
Marine, Minn......................... 106
Kendiaw County, H. C............ 165 ......... , . ~ ~ v
Ki-v U'et. F lu ....................... 168 Marinette, Wis.......................
i Khbh-r County, N. D ...............117 j Marion, M o........ ... ..................
Killlntlv.i enn........................ 38 Mar on Counry, Ind............... 88
King County, Wash................ 148 Mar on County, Kan.............. 1-8
Kins, County, N. Y ................. 18 i Marion County, Ohio.............. 83
Klug-wn. N V....................... 40 I Marion County, Ky.................158
\
..... 68
. 25
Y
H adley, Mass.................... .153 ;I Kfilin'tt 8«iIinre, Pa........ ......102
ageretown, M d............ . 74 Kenosha. \
KeilOAha Cfliuuty, Wla...... ..... 101
Halifax Urnaty. Va............
Muskegon, Mich...................... 99
Muskingum County, Ohio....... 83
'V a p a County, Cal................ 143
.122
Halt County. Neb.......... .
. . ashua, N. H ....................... lo
Hallowed, Me..................... . 11
Nashville, Tenn....................... 161
Hamden, N. Y ....................
Natchez, Miss...........................1 7 »
. 91
Hamilton County, 1 1
1 ..........
Natick, Mass............................ 28
Hamilton County, Kans...... .126
Naugatuck, Conn.................... 38
Hamilton County, Neb...... . 122
Nebraska................................. 119
82
Hamilton County, Ohio.......
Nebraska City, Neb................. 123
.160
Hamilton Comity,Tens......
Neenah, Wis.............................10"
Hamilton, Old" ................. . 81
Nelson County, N. D ............... 118Ilaiii|Mleii County, Mass......
Nes Perces County, Idaho.......134
Hancock County, III........... .. 93
Ness County, K au....................128
Hancock County, 1ml......... .. 88
1*9
........ .......o_______________
27 Nevada.............
Hancock County, Ohio........ .. 82 Kingman Comity, Kan......... 127 |Marlborough, Mass...
Marquette. Mich...................... 09 New Albany, Ind.................... 8J
Hancock. N. Y ........ ........... .. 48 Kiowa County, Kan ............ 127 Marshall County, Kau..............128 Newark, N. J.......................... 61
...
Hannibal, Mo.................... ..113 . Klamath couuty, Oreg...........146 Marshalltown, Io w a .................110 Newark, Del............................ 73
Hardin County, Ohio......... .. 82 ; Knox County, Tenu............... 161 Marshfield, Mass...................... 27 Newark, Ohio.......................... 83
Harriman, Tenn............... ..ICO Knox Couuty, Mo...................114 Martiusburg, W. V a.................156 New Bedford, Mass.................. 28
Harper County, Kaus........ ..126 Knoxville,'Tenn..................... 161 Maryland................................. 72 New Berlin, N. Y ..................... 50
Harrisburg, H i................ .. 67 ! Kootenai County, Idaho......... 134 Marysville, Cal........................ J43 Newberry, S. C....................... lo g
Harris County,Texas....... ..178 Kosciusko County, Ind.......... 88 Marysville, K y .............- •- -•: •*158 New Britain, Conn.................. 38
New Brunswick, N. J ............... 61
88
Harrison County, Ind.........
Mason and Tazewell (Special
Harrison County, Ky......... ’ .158 1 f ackawanna County, Pa..... 68
Drainage District), 111.......... 94 Newburg— ............................ go
)
Harrison County, Texas.... ..178 l ' a CroeuM county, Wis.........102 Mason City. Iow a....................HO Newburyport, Mass................. 28
59 Ln Crouse. Win........................102 Mason, Mo............................... H 4 New Canaan, Conn.................. 38
Harrison. N. J...................
Hartford, Conu.................. .. 38 Laclede County, Mo................114 Mason County, 111.................... 04 Newcastle, P a .......................... 68
flask ill Couuty, K ans....... .127 Lafayette, Iml........................ 88 Massachusetts......................... A8 New Castle County, D el.......... 72
Hastings, Minn ................ .. 105 Lafayette County, Mo............. 114 Massillon, O hio....................... 63 New Hampshire...................... 13
Hastings. Neb................... ...122 ‘ Lake County, Cal....................143 Mat toon (City), 1 1
1 ....... -.......... 04 New Haven, Conn................... 38
... 25 i Lake County, Col....................137
Haverhill, Mass...... .
Mattoon (Township), H I ......... 94 New J ersey............................ g/
Harwood County, Tenn..... ...160 : Lake County, Oreg................. 146 Maynard, Mass....................... 27 NewJondon, Conn.................. 3J
Hebron, Neb.................... .. .122 ! Lamar Countv, Texas............. 1/8 Maysville, K y.......................... *53 New Mexico Territory............. J39
................... .. .175 I^incaster, Ohio..................... 82 Mayville, N .Y ...... .................49 New O rlea n s.L a ...................
Helena, Mont.-........ ....... ...131 |Lancaster, Pa....... ................. 68 McCracken County, K y ...........158 New Philadelphia. Ohio.......... 83
Henderson County, N. C— ...163 ! Lancaster County, Pa............ «8 McKean County, P a ................ «8 Newport, K y ..................... • " a i
105 I Lancaster County, Neb........... 122
Newport, B. 1.......................... 34
Hennepin County. Minn---McKeesport, P a......................
New Rochelle.......................... go
Henry County, Mo............. ...113 Lancaster Comity, 8. C............165 Meade County, K an ................
... 82 Lander County, Nev................loO
s ew ton, Mass.. ....................... "8
T
Henry County, Ohio..........
Meartville, P a ............................g ?
Herkimer. N. Y............. . ... 48 Lane County, Kan.................. 127 Meagher County, Mont............ I d 1 Newtown. N. Y . . . . . . .............. 59
New Whatcom, Wash......
...137 Lansingburg, N. Y ................... 49I
Highlands. Col..................
MechaniovUle,N. Y .................
Highland County, Ohio...... ... 82 Lansing, Mich.........; ............. "9 Mecklenburg County, N. C.......163 New York........................41 & 1 <9
Hillsdale, Mfch ............... ... 98 La Platte County, Col.............137 Mecklenburg County, Va......... 154 New York City......................... go
New York County................... 52
Hinds County. Miss.......... ...172 j La Porte, Ind......................... 88 Medford, Mass.........................
52
Hinsdale County, Colo....... ...137 Laramie City, W y....................133 Medford, Oreg..........................ddg Niagara Falls, N. Y .................. {2.4
Hoboken, N. J .................. ... 59 lairainie County, Wy.............. 133 Media, P a ................................ "2 Norfolk, Neb............................ !5 4
Norfolk, V a .............................
... 127 Laredo, Texas........................ n o Melrose, Mass.........................
Hodgeman County, Kans...
Holbrook, Mass............... ... 25 La Salle County. Ill................ 03 Memphis, T en n ....... . . . ............{V i Norristown, P a ...................... g »
25 I Las Animas County, Col......... 137 Mendocino Comity, Cal........... 448 North Adams, Mass................ 20
Holliston, Maas................
Northampton, Mass................ 2J
25
Holyoke, Mas*.................. I.. 67 Las Vegas, N. M..... - -............ J30 Menominee, Mich....................
North Attleborough, Mass...... 20
.
Tenn........161
Home*tend, P »..... -*•....... ... 25 Lauderdale County,C..............j 6b Merced County, Cal.................. 14.4 North Baltimore, Ohio ............ §*»
Laurens County, 8.
Hopkinfoii, Mass..............
Mercer County, K y .................. 4,>o Nortliborougli (city).Mass...... 2J
.. 12 Lawrence, Kan......................
Honlton, Me..........
Mercer County, N. .1................ 64 NortliborougMtown), Mass— 2J
... 178 ' Lawrence, Mass..................... gj*
Hmutton. Texas
County,
; ; ; : : : . n 3 ^ n c e V o u n t y . o h i o .......... 52 H s g f 'S B ’ Olno............... °3 S o ^ b r i a ^ M ^
Howard Cbimtj, Mo.
......... 122 ’ Lawn nie County, 8. D ...........119 Meridian, Miss.................
Howard County, Nel
182
North Carolina.......................102
North Chicago, 1 1
1 .................. 94
North Dakota......................... 110
North Knoxville, Tenn............101
North Tonawautla, N. Y .......... 5
*2
North Yakima, Wash...............118
Norwalk, Conn...................... 30
Norway, Me............................ 12
Norwich, Conn........................ 30
Norwich, N. Y ........................ 52
Norwood, Mass...................... 20
N ye County, N ev....................... 150
Cal..............
O akland,Ohio.............
berliu,
O’Brien County, Iowa...
Ogden, Utah.................
Ogdensburg. N. Y ..........
Ogle County, Lll........
Ohio.............................
Ohio, 1 1
1 ........................
Ohio County, W. Va......
Oil City, Pa..................
Clean. N. Y ..................
Olympia, Wash.............
Omaha, Nel)..................
Oneida County, Idaho...
Oneida County, N. Y ___
Onondaga County, N. Y.
Orange, N. J.................
Oregon ........................
Oregon City, Ore..........
Orlando, Fla.................
Osage County, Kans......
Osborne County, K an__
Oshkosh. Wis................
Oswegatchie, N. Y ........
Oswego, 1 1
1 ...................
Oswego, Kans..............
Oswego, N. Y ............... .
Oswego County, N. Y ...
Otoe County, Neb........
Ottawa, 1 1
1 ...................
Ottawa, K ans...............
Ottawa, Ohio................
Ottawa County, Kan___
Otter rail County, Minn.
Ottumwa, Io w a ........... .
Ouray County, Colo......
Outagamie County, Wis.
Ovid, N. Y .....................
Owensboro, K y ............
Owen County,'Ky.........
Oxford, N. Y .................
Oxford, Pa...................
Portland, Ore......................... 147
Port of Portland, O r e g .......... 147
Portsmouth. N. 11.................. 15
Portsmouth. Ohio.................. 84
Portsmouth, Va.......................154
Port Townsend, Wash............. 148
Potsdam, N. Y ........................ 58
Pottawattamie County, Io\va..llO
Pottsville, Pa...... ................. 70
Poughkeepsie,N. Y ............ *... 53
Pratt County, K an ................. 128
Prescott, Ariz..........................140
Preston, Conn........................ 39
PrinceGeorgeV County, Md___ 75
Providence. R. 1..................... 34
Provo, Utah............................ 138
Pueblo, Col..............................137
Pueblo County, Colo................ 137
Pulaski County, A r k .............. 175
Pulaski County, 1 1
1 ................. 95
Putnam, Conn........................ 39
Putnam County, Mo................115
Putnam County, Ohio............. 84
....143
. ... 83
....1 10
....138
. .. . 52
. ... 04
___ 70
---- 94
....1 5 0
. ... 69
. ... 52
ueens County. N. Y.
....148
....123
uincy. 1 1
1 ...............
....134 i^uiney. Mass..............
Q
.. . 52
53
95
29
. .. . 52 ■ > acine, Wis........................... 103
.... 01 " » acine County, Wis.............. 103
....140 Rahway, N. J ........................... 02
....1 4 7 Raleigh, N. C............................. 103
....109 Ralls County, M o......................115
___128 Ramsey County, Minn.............. 100
----128 Ramsey County, N. D .............. 118
___102 Randolph, Mass........................ 29
. ... 52 Rapid City, 8. D ....................... 119
___ 94 Ravenna. Ohio.......................... 84
*
....128 Ray County, Mo...................... 11 r
. ... 52 Reading, Mass.......................... 30
. .. . 52 Reading. P a .............................. 70
....123 Redlands, Cal........................... 144
. ... 94 Red Oak, Iow a.......................... 110
....128 Red R iver County, T e x .............179
. ... 83 Red Wing, Minn....................... 100
....128 Redwood County, M inn........... 107
....1 0 0 Reno, N e v ..................................150
....no Reno County, K an .................... 128
70
....137 Ronovo, P a ............
___ 102 Rensselaer County, N. Y ......... 53
. .. . 52 Revere, Mass............................ 30
....159 Rhode Island............................ 33
....159 Rice County. Kan..................... 128
. .. . 52 Richardson County. Neb...........123
. ... 09 hiehland. I l l ............................ 95
Richland County, 1 1................ 95
1
aducah, K y .......................... 159 Richmond, Tnd......................... 89
age County, V a ...................154 Richmond, Va........................... 155
Palatka. F la ..............................109 Richmond County, N. Y ........... 53
Pana, 111................................... 94 Ridgefield, Conn....................... 39
Paris, K y ................................... 159 Riley County, Kan.................... 128
Paris, 1 1................................... 94 Riley, Ohio............................... 84
1
Paris, T e x ................................. 179 Rio Blanco County, Col............137
Park County, M ont...................131 Roanoke, Va............................. 155
Parsons, Kans.......................... 128 Rochester. M inn....................... 107
Passaic, N J .............................. 62 Rochester, N. H ....................... 15
Passaic County, N J ................. 02 Rochester, N. Y ........................ 53
Paterson, N. J .......................... 02 Rockbridge County, Va............ 155
Patrick County, V a ...................154 Rock County, M inn.................. 107
1............................. 95
Paulding County, Ohio............ 83 Rockford, 11
Pawnee City, N e b .................... 123 Rockingham County, Va..........155
Pawnee County, Kans.............. 128 Rock Islam!, 111........................ 95
Pawtucket, R. I ...................... 34 Rocklaud, Mass........................ 30
Peabody, Mass.......................... 29 Rockland, M e........................... 12
Peekskill, N. Y .......................... 53 Rome, Ga.................................. 107
Pekin, 1 1................................... 94 Rome. X. Y ............................... 54
1
Pena cook, N. H ........................ 15 Rooks County, Kan.................. 128
Pendleton Comity, K y .............. 159 Runnels County, Texas........... 179
Pennington County, S. D ..........119 Rush County, Kan.................... 129
Pennsylvania........................... 03 Rutherford, N. J ....................... 62
Peoria, 1 1
1 ................................. 94 Rutherford County, N. C...........163
Peoria County, 111.................... 95 Rutland, Vt.............................. 17
Perry County, 111..................... 95
Perry County, O h io ................. 83 ^!aoo, M e............................... 12
Perth Amboy, N. J ................... 62 S acram en to County, Cal........ 144
Peru. I n d ................................. 89 Saginaw, Mich.......................... 99
Petaluma, C a l.......................... 143 Saginaw County, Mich............ 99
Petersburg, V a ...................
154 Saguache County, Col.............. 137
P ettis County, M o.................... 114 St. Albans, V t.......................... 17
Philadelphia, P a ...................... 09 St. Charles County, Mo............ 115
Pliillipsburg, N. J ..................... 02 St. Clair County, M o................. 115
Phillips County, A r k ................175 St. Joseph County, Ind............ 89
Phoenix, A r i z ........................... 140 St. Joseph. M o.......................... 115
Plicenixville, P a ...................... 09 St. Louis County, Minn.......... .107
Pickaway County, Ohio........... 83 St. Louis, M o............................. 115
Pierce, M o.................................114 St. Paul, Minn.......................... 107
Pierce County, W ash................148 St.Peter. M inn.......................... 107
Pike County, 111........................ 95 Salamanca Township and City
Pike County, Ohio................... 83
o f Columbus, K an................. 129
Pim a County, A r iz ...................140 Salem, Mass............................. 30
Pinal County. Utah.................. 140 Salem, N. J .............................. 62
Pipestone, M inn....................... 106 Salem, Ohio.............................. 84
Piqua, Ohio.............................. 83 Salma, N. Y .............................. 54
Pitkin Comity, Colo................ 137 Salina, K an............................... 129
Pittsburg, Pa........................... 09 Saline County, 111..................... 95
Pittsfield, M ass........................ 29 Saline County, K an ................. 129
Pittston, P a.............................. 7o Salisbury (city), N. C................103
Pittsylvania County. V a ..........154 Salisbury (township), N. C.......103
Platte County, M o.................... 115 Salt Lake City. Utah.................13*
Platte County, N eb ...................123 Sandusky, Ohio...... .................. 84
Plattsburg, N. Y ...................... 53 Sandwich, N. H ........................ 15
Plattsmouth, N eb......................123 San Antonio, T e x ......................179
Pleasant, Ohio.......................... 83 San Benito County. Cal........... 144
Pleasant Hill, Mo..................... 115 San Bernardino, Cal................. 144
Plumas Comity, C a l................. 144 San Diego, Cal.......................... 144
Plymouth, M ass....................... 29 San Diego Comity, Cal.............144
Plymouth, P a........................... 70 San Francisco. Cal....................144
Plymouth, N. Y ........................ 53 Sangamon County, 111.............. 95
Polk County, Iow a....................110 San Jacinto and Pleasant V al
Polk Comity, M in n .................. 100
ley Irrigation D istrict........... 144
Pope County, M inn.................. 100 San Joaquin County, Cal......... 144
rom eroy, Ohio......................... 83 San Jose, Cal.............................144
Pompton. N. J ......................... 62 San Juan County, Col.............. 137
Pontine, 111............................... 95 San Luis Obispo County, Cal... 144
Pontiac, Mich........................... 99 San Mateo County, Cal.............144
Portage County, Wis.................103 San Miguel County, C o l...137-13■*
P ort An geles, Wasli..................148 San Miguel County, N. M......... 139
Porter County. Ind.................. 89 Santa Barbara County, Cal___140
P ort Huron, M ich..................... 99 Santa Clara County, Cal........... 145
Port, Jervis, N. Y ..................... 53 Santa Cruz, Cal.........................145
Portland, C on n ........................ 39 Santa Cruz County, Cal.............145
Portland. Me............................ 12 Santa Fe County, N. M .............139
P
Vol. L V I.
m m x ,
Saratoga County, N. Y .......... 54
Saratoga Springs, N. Y .......... 54
Sargent County, N. D .............. 118
Saugus, Mass........................... 3 1
Sault de Saint Marie, Mich...... 99
Saunders County, Neb.............123
Savamiah, Ga........................... 108
Schenectady, N. Y ................... 54
Schuylkill Comity. P a ............. 70
Schuyler County, 111................ 95
Schuyler County, M o................115
Scioto County, Ohio................. 84
Scott County, Iow a...................108
Scott County, Kan....................129
Scott County, K y ..................... 159
Scotland County, M o................115
Scranton, P a ............................ 70
Seattle, Wash............................148
Seattle School Dist. No. 1........ 148
Sedalia, M o...............................110
Sedgwick County, K a n .............129
Selma. A la .................................171
Seneca County, O h io............... t<4
Seneca Falls, N. Y ................... 54
Seward, N eb..............................123
Seward County, K an ................129
Seward County, N eb................123
Sewickley, Pa.‘ ......................... 70
Shamokiu, P a ........................... 70
Sharon, Pa............................... 70
Sharpsburg, P a........................ 70
Shasta County, Cal.................. 145
Shawnee County, K an.............129
Shawueetown, ill___‘ ............... 95
Sheboygan County, W is........... 103
Sheboygan, Wis.........................103
Sheffield, A la .............................171
Shelby County, K y ....................159
Shelby County, Tenn................101
Shenandoah, P a...................... 70
Sherman. T e x ........................... 179
Sherman County, Neb ...... 1.. 123
Shoshone County, Idah o..........134
Shreveport, L a ..........................174
Sidney, O h io............................ 81
Sierra County, Cal.................... 141
Silver Bow County, M ont........ 131
Simsbury, Conn...................... 39
Sing Sing, N. Y ........................ 54
Sioux City, Iow a.......................110
Sioux Falls, S. D ......................119
Siskiyou County, Cal................145
Smyrna. N. Y ........................... 54
Soi-a Bar, M o........................... 115
Socorro County, N. M ............... 139
Sod us, N. Y .............................. 54
Solano County, Cal.................. 145
Somerset County, N. J ............. 02
Somerville, Mass..................... 30
Sonoma County, Cal................. 145
South Bend. In d ...................... 89
South Bethlehem, P a ............... 70
Soutlibridge. Mass.................... 30
South Carolina.................. 163-104
South Chester, Pa.................... 71
South Chicago, 111.................... 93
South Dakota........................... 118
South Denver, Col.................... 138
South Hadley Falls, Mass........ 30
South Kingston, R. 1................ 35
South Norwalk, Conn.............. 40
South Omaha, N eb ................... 123
South Orange, N. J .................. 62
South St. Paul, Minn................107
Spartenburg, S. C..................... 105
Spartenburg Comity, S. C........ 105
Spencer County, K y ................. 159
Spencer, Mass......................... 30
Spokane County, Wash.............148
Spokane. Wash.......................... 148
Sprague, Conn.......................... 40
Sprague, Wash.......................... 148
Springfield, 111......................... 95
Springfield, Ohio....................... 84
Springfield, Mass..................... 30
Springfield, M o.........................116
Statford County, K an .............. 129
Stamford, Conn........................ 40
Stanislaus Comity, Cal.............145
Stanley County, N. C................163
Stanton County, Kans.............. 129
Stark County, Ohio.................. 84
Staunton, V a .............................155
Steubenville, Ohio.................... 84
stovens County, Kans.............. 129
Stevens County, Minn.............. 107
Stevens County, Wash.............. 149
Stillwater, M inn....................... 107
Stockton, Cal............................145
Stoneliam, Mass....................... 31
Stonington, Conn..................... 40
Strafford Comity, N. H ............ 15
Stutsman County, N. D.............118
Suffolk County, Mass............... 31
Sullivan Co., M o....................... 116
Summit, N. J ........................... 02
Sumner County, K an ................129
Simmer County, T en n .............. 101
sunflower County, Miss............ 172
Superior, Wis........................... 103
Superior, Neb........................... 123
Surry County, V a..................... 150
Sweetwater County, W yo........ 133
Syracuse, N. Y ......................... 54
acoma, Wash....................... 149
albot County, M d............... 75
Tarry town. N. Y ...................... 55
Taunton, Mass......................... 31
Taylor County, K y ...................159
Tazewell County, 111,............... 96
Tecumseli, Neb..........................123
Tehama County, Cal................. 145
Tennessee.......................... 159-100
Terre Haute, In d ..................... 89
Texas................................. 175-170
Thomastou, Conn..................... 40
Thomastou, M e........................ 12
Thompson, N. Y ....................... 55
Thurston County, Wa^lt........... 149
Tieonderoga, N. Y .................... 55
Tiffin, Ohio................................ 84
T
Tioga County, P a ..................... 71
Tippecanoe County, Ind.......... 89
Tipton County, Tenn............... 101
Titusville, P a .......................... 71
Todd County, Minn.................. 107
Toledo, O h io .... ..................... 84
Tonawanda, N. if..................... 55
Topeka, Kans........................... 129
Toronto, Ohio........................... 85
Torriugton, Conn .................... 40
Travis County, Texas.............. 179
Trenton, N. J ........................... 62
Trinidad, Colo.......................... 138
Trinity County, Cal.................. 145
Troy, A la ................................... 171
Troy, N. Y................................. 55
Troy, Ohio............................... 85
Truxton, N. Y .......................... 55
Tucson, A riz.............................140
Tulare, Cal................................145
Tulare County, Cal...................145
Turner County, 8. Dak............. 119
Turn er’s Fa 1 Mass................. 31
Is.
Tuscaloosa, A la ........................ 171
Tuscarawas County, Ohio........ 85
inta County, W y ................. 133
lster County. N. Y .............. 55
Union, N . J ............................... 63
Union, Tenn............................. 101
Union County, N. J .................. 63
Union County, Ohio................. 85
Union County, S. C................... 105
Upper Sandusky, Ohio............ 85
Urbaua, Ohio............................ 85
Utah T erritory.......................... 138
Utica, N. Y ............................... 55
U
WLalencia County, N. M .......... 139
* allejo, C a l....'...................... 145
Val Verde County, T e x a s ........ 179
Van Buren County, Iowa......... I l l
Van Buren, Mo ....................... 116
Vancouver, Wash......................149
Vanderburgh County, In d ........ 89
Van Wert, Ohio........................ 85
Vergcnnes, V t.......................... 17
Vermont................................... 15
Vernon, Conn......................... 40
Vernon County. M o.................. 116
Vicksburg, Miss........................ 172
Victoria County, T e x ................179
Vigo County, In d ..................... 89
Vinton, Io w a.............................108
Virgin ia............................. 151-152
WM7 abaunsee County, K an s. .129
* * aeo, Texas........................ 179
Wakefield, Mass...................... 31
Wallingford, Conn................... 40
W allkill,N. Y. (see Middletown) 49
Walpole, Mass................
31
Waltham, Mass........................ 31
Walton, N. Y ............................ 55
Wapello County, Io w a ..............111
Ware, M ass.............................. 31
Warren, Mass........................... 31
Warren, P a............................... 71
Warren County, K y .................. 159
Warren County, Ohio.............. 85
WaiTensburg, M o..................... 116
Warrick County, In d ............... 89
Warsaw, N. Y ........................... 56
W ash ington ............................. 147
Washington, Conn.................... 40
Washington, M o....................... 116
Washington C H., O h io ........... 85
Washington County, Ark..........175
Washington County, HI___. ... 96
Washington County, Miss........ 172
Washington County, M o..........116
Washington County, N eb..........123
Waterbury. C onn.................... 40
Waterford, Conn...................... 40
Watertown, Mass.................... 32
Watertown, N .Y ...................... 56
Wausau, Wis............................. 103
Waylaud, Mass........................ 32
Wayne County, 111................... 96
Wayne County, In d ................. 89
Wayne County, Mich............... 99
Wayne County, Ohio............... 85
Wawarsing, N .Y ...................... 56
Weber County, U ta h ................138
Weehawken, N. J ..................... 63
Wellesley, Mass........................ 32
Wellington, Kans..................... 129
Wells County, In d ................... 89
Wells Coimty, No. D a k .............118
Wellston, Ohio.......................... 85
West Bay City, Mich................ 99
Westborough. Mass.................. 32
West Boylston, Mass............... 32
Westchester,*N, Y ..................... 56
Westchester County, N. Y ........ 56
West Chester. P a ..................... 71
West Cleveland, Ohio............... 85
Westerly, R. 1........................... 35
Westfield, Mass........................ 32
West Hartford, Conn............... 40
West Hoboken, N. J ................ 63
West Knoxville, I'enn.............. 161
Westmoreland County, P a ...... 71
West Orange, N. J .................... 63
Westport. Conn........................ 40
West Springfield, Mass............ 32
West Troy, N. Y ....................... 56
W est Virginia........................... 156
Weymouth, Mass..................... 32
Wheatfield, N. Y ....................... 56
Wheatland, N. Y ...................... 56
Wheeling, W. V a ....................... 156
White County, 111..................... 96
Whitehall. N. Y ........................ 56
White Pine Coimty, N e v ..........150
Whitley County, Ind................ 89
Whitman, Mass........................ 32
Wichita. Kans........................... 129
Wilkesbarre, P a............
71
Wilkinsburg, P a ...................... 71
Williams County, Ohio...... .
85
April, 1893.
183
t
Williamson County, 1 1
1 ...........
Williamsport, Pa...................
Williamstown. Mass..............
Willimantic, Conn.................
06
71
32
40
Willoughby, Ohio..................... 85
W ilmerdiug, Pa.................... 71
Wilmington. Del................... 72
Wilmington. N. C.................... 163
Wilson County, Kans............. 129
Wilson County, Tenn..............161
Wincbemlon, Mass................. 32
Winchester, Conu................... 40
Winchester, Mass.................. 32
Winchester, V a ........................ 155
Windsor Locks, Conn.............. 40
Winnebago County, Io w a ....... I l l
Winona County, Minn..............107
Winston. N. C........................... 163
Wiuthrop, Mass....................... 32
W isconsin............................... 100
Woburn, Mass......................... 32
Woodbury. N. J ........................ 63
Woodbury County, Io w a..........I l l
Woodford County, K y .............. 159
Woodland, Calir.......................145
Woodstock, Y t......................... 17
Wood-town, N. J ..................... 63
Woonsocket, R. 1..................... 35
Wooster, Ohio.......................... 85 Yolo County, Cal......... ....... ...14:5
Worcester, Mass...................... 32 Yonkers, N. Y ............. ............ 58
Wyandotte County, Kans....... 130 York, Pa..................... ............ 71
W yom ing.................................132 York, Neb................... ............124
Wytheville, Va......................... 155 York County, Neb...... ............124
York CountN, P a ....... .
enia, Ohio.......................... 85 Youngstown, Ohio...... ............ 85
Ypsilanti, Mich........... ............ 99
\ uba County, Cal....... ............. 145
_
akima County, Wash......... 149 Yuma County, Aria_
ankton, S. D ...................... 119
Yates, N. Y ............................... 56 fjganesyille, Ohio___ ... ....... 88
Yavapai County, A riz............... 140
Yellowstone County, Mont.......131
Y
GEO. 14. OLMSTEAD,
CHAS. H. TAYLO R.
OLMSTEAD & TAYLOR,
J 5 IVall Street, New York.
(MILLS BUILDING.)
We buy and sell Municipal and School Bonds and make a specialty of
State, County and City
-W ^ L IR T l-A -ir s r T S ,
Netting from 5 per cent to 10 per cent, and do a general business in
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to invest private and trust funds.
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BANKERS,
183 Dearborn Street,
72 and 74 Broadway,
CHICAGO, ILL.
N E W YORK.
BUY
AND
SELL
C IT Y ,
b
o
COUNTY
n
d
AND
s
SCHOOL
D IS T R IC T
.
Correspondence solicited of officials having loans to negotiate.
List ol desirable investments furnished upon application.
All Bonds sold by us have our
Attorney’s opinion showing legality.
r pMMERClAL & jp lNANCIAL (^ HRONICLE,
IN V E S T O R S ’ S U P P L E M E N T .
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